Arizona republican., 1920-10-07
PLANNING JOAN
 IF S25,O00,000
 TOGOODYEARCO.
Financing of Tire Concern That Owns Southwest Cotton Go. May Have Bearing on Cotton Buying Situation

Information in regard to the Good year Tire and Rubber company and some new financing whereby the com pany is 10 receive S25, 900. 900 in cash in the form of loan to carry on it's business is contained in a Chicago paper and is of especial interest to the people of Phoenix and the Salt River valley as the future Of the Southwest Cotton company. which is owned en- tirely by the Goodyear company, is of such vital importance to the welfare of the people of this valley and the state.
 In the arrangement for this fi- nancing. it is stated. an investigation has been made of the present status of the Goodyear company and all it's subsidiaries and their condition is en- tirely satisfactory to the banks. This loan of S25.0O0. 900. coming as it does at the start at the cotton buying sea son, may have an important bearing on the local situation and may result in relieving to a considerable extent the present condition of the market.
 Following is the announcement of the Goodyear financing as given in a Chicago paper:
 Story of the Farm Swift & Co. it was learned today, have sold s40,OOO,000 five year notes to an underwriting syndicate composed chiefly of Chicago banks. A group ol | Chicago banks also has made arrange ments to handle some new financing | for the Goodyear Tire and Rubber company, which is expected to take the form of 25.o00,O00 per cent notes to run for three years.
 The syndicate which has purchased the Swift issue is managed by the Hi nois Trust and Savings bank and the First Trust and Savings bank. It will include the Merchants Loan and Trus' company the Continental and Com mercial Trust and Savings bank, liar ris Trust and Savings bank, all of Chi cago. and the Guaranty company anc Chase Securities corporation of New
 York. The notes will be offered t' the public shortly.
 il Satisfied as to Goodyear
 The syndicate which is arranGinl
 the Goodyear financing also includes
 some of the strongest local banking
 institutions The banks have con
 vinced themselves of the strength o
 the company's assets position. Includ
 ing all subsidiary corporations. tn
 quick assets of the company, accordin
 to the showing made to the banks amounts to S145, ,000. 900, while the cur
 rent liabilities, all told. are S70,000,00'
 This takes no account of the company
 extremely valuable plants and othe
 fixed assets, all of which are free c
 mortgages. These fixed assets includ
 rubber factories. cotton mills, cotto plantations and rubber plantation! The company is the largest produce of automobile tires and its bushes has grown from s31,056.129 in 1914 t s16s,s14,9 ,9s3 in 1919. and to more tha S200, 900, 900, estimated, in the currer fiscal year. The company's accunu lated surplus on Oct. 31 last was $3S, 332, ,666. subject to federal taxes for tn 1919 fiscal year.
 Bankers have expressed the opinio that rumors that the company was i serious financial difficulties have bee circulated by design. F. A. Seiberlint president of the company, in Al1ro today emphatically denied thes rumors.