Show Strong Fini Financial Condition bob iol Net income of oC the Hupp Motor Car Corporation and its subsidiaries for forthe forthe forthe the year ear 1020 1026 wa was or at atthe atthe atthe the rate of per er share on the 1 shares of common stock outstanding at the close oo of ot the year This compares with net income of or a share share on the comm common n shares share outstanding in 1925 The II Hupp pp report report made public today by DuBois Young president and nd general general gen eral manager reveals the greatest sales year in Us its history with net sales exceeding The report rev reveals als a continued strong financial and general condition condition condi condl tion for the Comp Company ny Current assets assets as as- sets including in cash 3 in in United States Certificates Certificates cates were against current current current cur cur- rent liabilities of a ratio of six to one There is no funded indebtedness nor are arc there any bank loans against the company Mr Young in his letter to stockholders stockholders stock stock- holders points out that With the wide choice of models is offering consisting of fourteen Eight and five Six cylinder body models and the appropriate improvements and refinements we feel that it is the most attractive line we have ever offered offered of of- of the public At the recent motor shows these cars have been enthus enthusiastically received and our dealers are anticipating a n marked increase in sales During the year stockholders authorized authorized auth auth- an increase in the numb number r of shares of the company's common stock from to 2000 shares 1 |