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Show | G- , *< 7 ‘a & Ge js ¢ | : | | .3 FE a MA N’S CONFIDENCE IN MAN 1951 ISLAND RHODE ee éz 5 A ° . é ee 5 Ips : GZ By Mbecl MERCANTILE CREDIT REPORTS NECESSARILY DIFFER IN A. Morrone, Pres RATING: ; - INFORMATION THE AGENCY IS TO PRESENT CD 58 FEBRUARY INC. MFG THE ESSENTIAL 1), 1950 & Treas Chartered new In6S-« HST. WORTH: Not determined. PAYMENTS: Prompt to Slow CONDITION & increasing TREND: and A. John Morrone, LENGTH, DEPEND- .. . . THE POLICY AS POSSIBLE. HOPE VALLEY R I WASHINGTON COUNTY Morrone, V Asst | capital is started on Joseph, to Rhode shares that date 1949. be Island par at this Frank,Sylvester unknowm. made. HISTORY no laws value and } Principals condition said under 100 SYNOPSIS “pril, Financial profits Incorporated tions Frank IN AS CONGISELY #194 Pres & Asst in other Treas Sec = ane: ized AND CONCERN REPORTED OF BOX Joseph FORM ING UPON THE SIZE AND COMPLEXITY OF THE Pe COMPANY, Sylvester Morrone, Sec DIRECTORS: The officers WPOC, Sees: ae ARMS SB “ active Sales on April common address 1, stock. as a John Morrone new are | volume reported 199. Author- Active opera= business, 9, 52, li7, and 5 Morrone also He said appears respectively. All are married and were born in Westerly, R. I. They hold identical offices in Morrone Brothers, Inc. which business they Started in 19c/. In addition, Joseph and Frank Morrone appears as President and treasurer of Morrone Mfg. Coe, inc. which business was purchased in October, 19:3. All four brothers are reported equally interested in as a a one-quarter the director latter in Rayco, interest. Morrone Bros. $25,000, condition cial agency net worth is payments range from appliance cords and $10,000 | and Morrone financial The for aatittas prompt television wire. worth extent January fT 8-350 27, 1918. of to Estimated August payments 21, cars. said chartered with address. August is promptly. Mfg.Go., Inc., Joseph this Oldsmobile slow. met at chartered and to chartered payments net located Inc., local Inc., businesses. Garage, the Rayco, two Ine. met 1915. fairly 21, financial 1945. finan- heavy Manufactures hold Conducts Estimated be to and household net worth Estimated promptly. inter=company relations have not been made known. QP BRA TION-LOCATION Manufactures a new type shot gun more commonly knovn inthe trade as"over and under shot gun" (U.S. Standard Industrial Classification #1951). The officers are active and sixteen persons are employed. Sales are to jobbers throughout the country on net ten day terms. Occupies approximately a two-story orderly. stone .5,000 building square feet of space onthe first floor located in a rural area. Premises are | FINANCIAL INFORMATION <— On February 2, 1950, the person in charge dedlined a financial statement. Available information indicates cash in low four-figure amount, accounts receivable in a like amount, merchandise | of approximately $5,000, fixtures and cominment about $30,000. The extamt of indebtedness is not known. authorities gave opinion that there may be some internal indebtedness. The manager stated that sales have been increasing steadily and profits have been retained. He stated that the only problem confronting the company was production. Bank balances average low four-figures with no loans requested. {CONTINUED ) PLHASH NOTH WHETHER NAME, BUSINESS AND STRHET ADDRASS CORRESPOND WITH YOUR INQUIZ£Y, The. foregoing report is furnished, at your request, under your Subscription Contract, in STRICT CONFIDENCE, by DUN & sgn hago ag Inc. as your agents and, 9R2-2 (27704) employees, for your exclusive use as an aid in determining the advisability, of granting gredit or insurance, and for no other purpose. CIONVHONA ONLEVA toe - |
