The Medina sentinel. [volume] (Medina, Ohio) 1888-1961, 1919-09-26
SPENCER'S SUCCESS .
METAL PRODUCTS CO.
PRETTY VILLAGE, KEYSTONE"
NEEDED TO COMPLETE ARCH
Local. Citizens Should Grab Stock,
In This Way Making Themselves
Rich.

Perhaps few Medina county citizens
fully realize the Importance in the
| financial and manufacturing world
that the Metal Products Co. of Spen-
Ger, does and should hold. This is a
local concern, organized and financed
by citizens of Spencer village and
Spencer township. By and through
efficient management it has been put
on sound financial footing, and
though it has been in active operation
but three years it has risen in impor-
tance to a point that the company
now pays handsome dividends.
The company manufactures metal
products and mechanical toys. In the
former field a large line of auto parts
and auto necessities fills long-felt
want, and the company finds ready
sal efor its entire product at figure
assuring a handsome profit. Not a
few of these parts are the best that
find their way to the open market, and
several large companies are eager to
double their orders for these goods as
soon as the Spencer Metal Products
Co. can enlarge it's capacity to that
end.
In the second field the company is
assured of big sale because of the
neater designs it is prepared to soon
manufacture, the greater wear that
the toys promise to the little folks
that will use them, and for a third
reason that they will be manufactured
in the United States. There will be
no long freight haul, no import duty,
and no necessity of manufacturing a
long time ahead of putting them on
sale so that they may be transported
a long distance in this way tying up
non-productive capital for half year
or so.
Investigation shows that the COM
pany's designs for these toys are the
most promising of anything in the line
ever offered the buying public. With
their manufacture several months in
the future the company has already
two or three open orders to ship in
quantity as soon as the goods are in
shape to put on sale. While the COM
pany's success in auto parts has been
f1attering, and the company officials
are pleased with results, promises for
this new line are even more fiattering
than successes thus far attained.
Because of these facts it has been
made necessary to quadruple the man
ufacturing possibilities of the Spencer
Metal Products Co. This made added
capital essential to a greater success.
A few months ago the company voted
to increase its capital to million dol
lars; this increase solely in the inter-
est of increased building room, new
and improved machinery, a much Iarg-
er permanent supply of materials
used in manufacture, and more work
ing capital.
1t is purposed to quadruple floor
space in the several manufacturing
and storage buildings Of the company
as fast as needed. One new com
modious structure will be erected this
fall: New machinery will be installed
as fast as these new buildings are
ready to receive it. Skilled worlmen
will be added to the present force as
fast as room can be made for their
economic employment. Already sales
of products has far outstriped the
capacity Of the present plant.
/ The company began three years
ago with capita! of $4,000. When
the war came on and gave the com
pany opportunity to take over all the
work it could handle the stock was in
creased to 100000. Now, that the
big distributing companies and certain
of the manufacturers who go into the
market to buy auto accessories have
satisfied themselves of the superiority
Of the Spencer products, it has be-
come imperative that the company
should greatly increase it's plant and
working capital. But this was not
done until good dividends were being
naid ON the canital already ennnloued