Talk:R. Hoe & Company

Decline and bankruptcy

Re: "After the war, the price of Hoe stock dropped "

Which war is this? See http://www.conservapedia.com/Hoe_press : "The last of the Hoe line was the Super-Production Press (1928) which could churn out 56,000 48-pagers hourly. The company went bankrupt in 1932." See http://www.time.com/time/magazine/article/0,9171,753304,00.html "The Press: Hoe Under: (dated Monday, May 02, 1932): " "If it's a Hoe, it's the best." Not every pressroom foreman agrees with this proud motto of R. Hoe & Co., Inc., maker of presses since 1803. But the company's long history has been replete with startling achievements. The many presses it has sold make Hoe as synonymous for press as Gillette is for razor, Baldwin for locomotive, Colt for pistol. It was news last week when old R. Hoe & Co. bowed to the inevitable and passed into a receivership. Company officials blamed the decline in newspaper lineage, the fact that..." See http://dpotpourri.blogspot.com/2008/06/partial-history-of-plainfield.html " Re: Plainfield N.J.: "The Queen City area was the location of the country’s three major printing press manufacturers. Plainfield boasted Wood’s along the railroad tracks from Grant Ave east. Next to the tracks on South Ave. was the Scott’s plant which is still standing but used by other industries. "In Middlesex, bordering Dunellen was the Hoe’s printing press works. All had a foundry as part of the assembly plant. After World War II, these plants became outdated due to changes in the technology of printing. The factories that produce the printing presses closed down." See http://kirbymuseum.org/blogs/simonandkirby/archives/tag/stuff : "Dunellen is a small community in central New Jersey ... It might seem to be an odd address for a publisher but in 1941 the town’s principal industries were R. Hoe Printing Press (manufacturer of letter presses) " From http://www.answers.com/topic/goss-holdings-inc: Re: Miehle-Goss-Dexter Inc: "While MGD was thriving in the last years of the 1960s, even having made it onto the Fortune 500 list of top industrial companies at number 461, old foes had failed: both Walter Scott & Company and R. Hoe & Company had succumbed to hard times and had been swallowed by Wood Industries." Seehttp://www.answers.com/topic/man-roland-druckmaschinen-ag : "1979 when Roland and MAN's printing press division were merged to establish MAN Roland Druckmaschinen AG, Offenbach/Main. That same year the new company established its first beachhead in the United States with the acquisition of Wood Industries, a printing press manufacturer located in Groton, Connecticut, that became MAN Roland Inc." See https://law.resource.org/pub/reporter/F2/508/508.F2d.1126.74-1493.121.html : "The contract called for installment payments. and by July 7, 1969, Abarta had paid Hoe over $595,000. On that date, Hoe filed a petition for reorganization under Chapter X of the Bankruptcy Act." See http://business.highbeam.com/industry-reports/equipment/printing-trades-machinery-equipment : "The first Hoe rotary press was installed at The Philadelphia Public Ledger. Hoe & Co. continued to manufacture presses and other printing machinery until 1968, when it declared bankruptcy."

So I'm guessing the price dropped after WWII?

BTW, the original wiki article appears to be copied from http://www.lib.udel.edu/ud/spec/findaids/hoe.htm

P. S. I think https://law.resource.org/pub/reporter/F2/508/508.F2d.1126.74-1493.121.html might be the citation needed for "by 1969 the company was forced[citation needed] to seek bankruptcy protection." — Preceding unsigned comment added by Darci (talk • contribs) 02:45, 15 July 2012 (UTC)