58
THOMSON'S MANUAL
CAPITALIZATION, As of March 25, 1930
Par Value Authorized Outstanding
t. Pref. Stock, 7% Div. Series........... $100 $9,000,000 *$8,500,000
Not Yet Classified Into Series........... $1,000,000 J
), Common Stock ....... eet veereeememnnee NO Par *%1,000,000 shs 772,554 shs
¢Including $685,400 par value issued or issuable under existing agreements.
*%84 813 shares reserved for exercise of Warrants which entitle the purchase
5f Common stock of $30 per share on or before December 31, 1933.
1. PREFERRED STOCK, 7% DIVIDEND SERIES
Transfer Agent: Chase National
Bank, New York.
Registrar: Commercial Nat. Bank &
Trust Co., New York; National Shaw-
mut Bank, Boston, Mass.
Legal Opinion by: Chadbourne, Hunt,
FJaeckel & Brown, New York.
Public Offering by: Merrill, Lynch
& Co. E. A. Pierce & Co., April, 1929,
at 110 with warrants, and Feb. 27, 1930,
at 103.
Listed on: New York Produce Ex-
change.
Price Range ¥1930 1929
High .... . oo... 104 120
LOW coememecaaeees eeenmnae 90 90
*To June 30.
Provisions: Preferred as to divi-
jends, and as to assets in case of liqui-
dation, either voluntary or involun-
tary, at $110 per share and accrued
jividends. Also entitled to cumulative
dividends at the rate of 7%. The Pre-
ferred stock is not entitled to any pre-
emptive rights to subscribe for addi-
tional issues of stock of any class.
Dividends: Payable quarterly, Jan,
Apr., July and Oct. 1. Initial quarter-
ly dividend of $1.75 declared paid July
, 1929, and $1.75 quarterly since, in-
»luding April 1, 1930.
Ex-Dividend Dates: Mar. June, Sept.
and Dec. 20.
2 COMMON STOCK
Provisions: Common stock is sub-
ject to the preferences of the Preferred
stock as set forth in the certificate of
incorporation as amended. Among
‘hese provisions are the following:
No additional shares of Common
stock shall be issued for cash without
first being offered for subscription pro
rata to the Common stockholders ex-
cept (1) shares issued upon the exer-
rise of Common Stock Purchase War-
rants which evidence the right to pur-
chase Common stock at $30 per share
sn or before Dec. 31, 1933; (2) shares
issued to employees of company and/
or its subsidiaries; (3) shares consti-
tuting part of the first 800,000 shares
issued (exclusive of shares issued upon
exercise of Warrants). Common stock-
holders have no preemptive right to
subscribe for additional shares of Pre-
farred stock with or without Warrants.
Dividends: Initial quarterly dividend
of 25 cents a share (placing the stock
on a $1 annual basis), paid May 1 to
stock of record April 20, 1930.
Transfer Agent: Chase Nat. Bank,
New York.
Registrars: Commercial National
Bank & Trust Co., New York; National
Shawmut Bank, Boston, Mass.
Legal Opinion by: Chadbourne, Hunt,
faeckel & Brown, New York, for the
sankers, and Joseph, Haney & Little-
field, Portland, Ore.. for the corpora-
sion.
Public Offering by: Merrill, Lynch
& Co., New York, April, 1929, 50,000
shares at $35 per share.
* isted on: New York Curb.
Lice . mngc *1930 1929
igh reer 24 3 431%
Low eevee] 8 20%
«Tn | *.
INCOME STATEMENT, Year Ending Lec, 31, 1929
Wel Bolel iucamummmmmmmmsen sevens
Cost of Sales and (General Expense..........
eeeenn...$83,972,105
Ce reereeeneee %1,209.716
i 2,762,389
127189
Net Earnings ...
Other Income .._..
Total Income . ...... $2,775,578
Depreciation ieee meme eemn amas EE ean 379,646
FOAETA] TAXES eoooeooeeeeeeeeeeeeeeoeemseeaaszmsemmeaseetmmommmsss eeemetsssestemosoioocmssrseesssesesssiisesstesiasas 222.408
Net Income ..ooooomimiiiiieeeeeeneees + 2,173,524
Preferred Dividends _......fioiiiiioiiiaen. 222.943
SUTPIUS TOT the JOA. neice osereccemmemsereemsenrne srr sasee renee anes snes, 850,581
Earned, per share Preferred STOCK... oom nea $27.81
Tarned. per share COMMON STOCK. iiiiveeecaceccocomrammmrmmemassaassanmnsnasomasasasaessnnans 2.11
EARNING SUMMARY
Stores at
End of Year Net Sales
8 $46,557,510
1,057 58,007,056
1,274 75,918,747
1.394 R7.237.976
Earn. per Share
Vet Earnings Com. Stock
$1,085,980 $ .70
1,493,648 1.23
2,047,860 1.95
92179 523 2.11
