Martinsville Furniture Co

Stock offering 7/29/1937

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Martinsville Furniture Co - Martinsville Furniture Co. Offers Stock...
Martinsville Furniture Co. Offers Stock MARTINSVILLE, Va.. Jul 29.— The American Furniture Company, which operates five plants here today made public offerings of 100,541 shares of common stock having par lue^ of $1. The offerings, priced at the start at $5.50 d share will be handled by lartley Rogers and company, of New York, and Scott, Horner and Mason, ;nc., of Lynchburg. The company, organized 31 years ago, has outstanding capital and surplus surplus of $1,635,6667. Its plants produce lousehold furniture. The company said sales for the five months ended April 30, 1937, totals SI,097,314 compared with $673,0*1 for the corersponding period last year, an increase of 63 per cent. Net income income for the same period, after depreciation depreciation and federal and state income income taxes, amounted to $149,555 five stock

Clipped from
  1. The Bee,
  2. 29 Jul 1937, Thu,
  3. Page 16

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  • Martinsville Furniture Co — Stock offering 7/29/1937

    deanes39 – 01 Dec 2012

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