The daily morning journal and courier., 1904-02-13

The company has now completed the sixth year of it's existence. It has paid regular quarterly dividends on it's pre- ferred stock at the rate of seven per cent per annum since the beginning.
 The first dividend of one per cent. on the common stock was declared August 15. 1S99 payable October 15, 1899, and since that time dividends have been
 paid on the common stock regularly ev-
 cry quarter at the rate of four per cent.
 per annum.
 The total number of stockholders Of
 the company immediately after its or ganization was about thirteen hundred. 1 The total number now is seven thou
 sand, five hundred and eight. Of this
 number, seventeen hundred and fifty four are employees of the company; un-
 der the plan enabling employees to buy
 our preferred stock, paying for it in in- stallments, they have purchased five thousand, two hundred and ninety
 eight shares. This, of course, is exclu- sive of the large amount of stock, both
 common and preferred held by our di-
 rectors, officers and principal managers. The balance sheet of the company,
 herewith presented, shows its present
 financial condition. It has ample cash
 resources for the conduct of it's busi-
 ness, and it's offices have no financial anxieties.
 The profits of the company, as well
 as the sales, have shown each year an increase over the preceding year, the year Just closed being no exception to the rule.
 The financial statement does not tell the whole story of the year just closed. ! A great work has been accomplished in
 the improvement of our organization. i It has not yet reached it's highest effi- ciency, but we have passed the experi- ! mental stage, and our aim is to make it
 perfect We know that the policy we are pursuing is the right one; and each year the business of the company be- comes more stable and it's position more secure.
 The quality of our goods is maintained at high standard. The sales of our advertised package goods are constant | ly increasing, and we are always en- 1 larging the scope of our advertising, 1 Wltn Jfl6 RllGCtl JtldL lile Ndluc Ol Oul goodwill which has become our most
 valuable asset, is continually increas- 1 ing.
 In our last report we stated that we
 were building two large factories, one
 in New York and one in Chicago, espec-
 ially for the manufacture of Uneeda
 Biscuit. Various things conspired to
 delay the completion of these build-
 ings The one in New York
 has just been completed and is now in operation, having proved a complete
 success. A fire-proof building one hundred feet wide by two hundred feet long. six stories and basement, equipped
 throughout with newly invented ma-
 chinery especially adapted for the man.
 ufacture and packing of Uneeda Bis
 cult, lighted and operated by electrici- | ty-we have no hesitancy in saying that
 it is the most complete biscuit factory i in the world.
 This factory is built next to and ad- joining an existing factory which we
 had in New York city at the corner of l Fifteenth street and Tenth avenue ex- tending through to Sixteenth street That factory was the largest bakery in | the country; in it was manufactured our general line of goods, including su- gar waters. When we put the new su-