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Automotive News Briefs: 15 June 1916
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Automotive News Briefs: 15 June 1916
Stutz Motor Car Co. to Expand.
The New York Times
The Stutz Motor Car Company of Indianapolis, manufacturers of a high-power car with a limited output, is to be refinanced to permit of expansion. Allan A. Ryan & Co., with a number of banking associates, have acquired 37,500 shares of an issue of 75,000 shares of no par value to be brought out. It was reported yesterday that the syndicate would offer the stock at about 50.
