Thomson's manual of Pacific Northwest finance

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Monograph

Identifikator:: 1838857176

URN:: urn:nbn:de:zbw-retromon-229226

Document type:: Monograph

Title:: Thomson's manual of Pacific Northwest finance

Place of publication:: Seattle

Publisher:: Thomson's Statistical Service

Year of publication:: 1930

Scope:: XXX, 487 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Section VIII. Industrials

Collection:: Economics Books

INDUSTRIALS 381 SAFEWAY STORES, INC. GENERAL OFFICES: Gazette Bldg., Reno, Nevada. HISTORY: Incorporated under laws of Maryland, Mar. 24, 1926, as a holding company to acquire the business of Safeway Stores, Inc.,, of California, which a short time afterwards acquired the grocery stores and bakeries of H. G. Chaffee Co., Skaggs United Stores, of Idaho, and Skaggs Cash Stores, of California. BUSINESS: The company, through its subsidiaries, operates an extensive chain of grocery stores and markets located in California, Washington, Oregon, Mon- tana, Idaho, Texas, Arizona, Oklahoma, Colorado, Nevada, Missouri, Nebraska, Kansas, Wyoming, Utah, New Mexico, Iowa, Arkansas, Maryland, Virginia, Dis- trict of Columbia, Saskatchewan, Canada, and Honolulu. PROPERTY: At the end of 1929 company operated 2,660 grocery stores (1.366 of which had meat markets in connection), 15 bakeries, 44 warehouses and 2 creameries. Buildings are owned in Los Angeles, Washington, D.C., and other cities, which are used as branch offices, garages, factories and produce depart- ments, and which have a total floor area of 1,500,000 sq. ft. Practically all stores and other buildings occupied are leased. SUBSIDIARIES: Safeway Stores, Inc., California. Pay 'n’ Takit Stores, Inc., Arizona. Skaggs-Safeway Stores, Inc., Nevada. Sanitary Grocery Co., Inc., Delaware. Skaggs-Safeway Stores, Inc., California Piggly Wiggly Eastern Co., Inc., Dela. Bird Grocery Stores, Inc. Texas. ware. Western States Grocery Co., Californ:s astern Stores, Inc, Maryland. Western States Grocery Co., Nevada. Standard Commodities Corp., Delaware. Arizona Grocery Co., Arizona. Stndard Provisions Corp., Delaware. Tri-State Grocery Co. Texas. Piggly Wiggly Pacific Co., Inc., Califor- Neway Stores, Texas. nia. Safeway Stores, Inc.,, Texas. Safeway Stores, Ltd., Canada. EXECUTIVE OFFICERS: M. B. Skaggs, Pres, Oakland, Calif.; L. S. Skaggs, Vice Pres., Denver, Colo.; Edward G. Yonker, Vice Pres, Washington, D. C.; Edward Dales Vice Pres. Los Angeles. Calif.; W. R. Griswold, Sec'y.-Treas., Oakland, Calif. DIRECTORS: M. B. Skaggs, L. S. Skaggs, W. "3. Brockman, Charles E. Merrill. GENERAL AUDITORS: Peat, Marwick, Mitchell ¢ Fiscal Year Ends: Dec. 31. Annual Meeting: 2nd Tues. in A CAPITALIZATION, As of Dec. 31, 1929 Par Value $100 £100 $100 Dar Authorized $5,000,000 $6,000,000 $4,000,000 1.500.000 shs Outstanding $4,598,400 $5,915,000 None 643.911 shs 79% CUMILATIVE CORNYE PTIRLE PREFERRED STOCK 6% Preferred stock. Directors may authorize payment of not over $10 per share to holders of 7% Preferred, who shall exchange the same for 69% Pre- ‘erred within such period as may be from time to time specified. Voting Power: No vote, except in lefault of six quarterly dividends, when the holders of both classes of Preferred have the exclusive right to elect direc- tors. Dividends: Payable quarterly, Jan. l, etc, $7 a year. Initial dividend July 1, 1926. Fully paid to May, 1930. Transfer Agent: Chase National Bank, New York City. Registrar: Bank of America, N. A. New York City. Public Offering by: Merrill, Lynch & Co., New York, in 1926, at par. Listed on: New York Stock Ex- change. Price Range: *1930 1929 1928 High .rennnneeeee. 109% 10915 106% [ow ic... 1081; 100 106% ET Mav 30 Provisions: Has equal preference with 6% Preferred as to assets and dividends. Entitled to 7% cumulative dividends. In liquidation entitled to 2110 per share Warrants: Each share carries warrant which originally entitled holder to pur- chase one share of Common stock at prices ranging from $300 to Dec. 31, 1926, to $500, Dec. 31, 1930. After stock split up of 5 for 1 in 1928 and inaugura- tion of $5 per share (option 59% in stock) dividend policy in 1930, com- pany gave holders of warrants right to subscribe to Common stock at $100 per share to the extent of 119% of the number of shares allowed under orig- inal warrants. Sinking Fund: Annual pavments to a sinking fund starting July 1, 1927, in an amount sufficient to retire 3% of the largest amount at anv time out- standing. Callable: At $110, on any dividend late, on 60 days’ notice. Convertihle: Share for share into

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