Clipped From Buffalo Morning Express and Illustrated Buffalo Express

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BUFFALO'S CAIN. PLANT OF THE HOLLY COMPANY BEING MOVED HERE. . " Special to The Buffalo. Express. Lockport, Feb. 5. A further Indica tion of the Intention to remove the Holly Manufacturing Company's plant to Buffalo Is disclosed in the circular Issued to the stockholders by the Inter national Staanv Pump Company, of which the Holly company I a part The circular Is aa follows: "The growth ef the business has se tar si ceeded expectations that it has become aeces eary sreatlr to enlarn and concentrate Its existing plant aad to build new factories to meet the chanced conditions and provide for further extensions. The volume of businees for the rear eadlas os October Si. 1IW2. double the snseunt of business of the constituent coacerns for the year ended at the for mation of tbs company. Os October Si. IMS, there were 6,CM,07 of orders on asad. The net profits for the three years have averaged , S per cent on the common stock -ever snd lBT-eB eew eeswres sad pWIwi.hii w ?Js .. alter sAltfwSss'auinly Misaton-ary eonven- for depreciation. A tract M land saa ben nurchased aad work becua ea a plant at Har rison. N. J., which will be by far the larrest pump works In the world. The works ef the Snow company at Buffalo are changed and nlarsed with the view of concent rating large part of tbe waterworks business at that point, and tbs capacity ef the Blake factory. ( aim belnc increased br tbs erection of fATtnrr aad eoulDmeats alreadr made. for which the company has temporarily borrowed 2700,000, the directors have authorised luua ( 13.M0.0ie debeatarea. II at tales 4 ed to issue not exceeding 22,(09.000 of these debentures at this Urns aad then only from time to Umi ss the money Is seeded. This amsest ef O.M. baa bees ssderwrtttsa at tv.. nrit ta tbs eosnDany of ear aad interest. lees lhi per cent, commisstoa, subject to the right ot the stockholders to subscribe for their proportion ot inese aeoeoiuiw r. The rmBghtlng-rootn and several oth er departments of the Holly company

Clipped from
  1. Buffalo Morning Express and Illustrated Buffalo Express,
  2. 06 Feb 1903, Fri,
  3. Page 9

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  • Clipped by mpierce – 11 Jul 2018

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