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 Shawmut
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 Exchange.
Price Range ¥1930 1929
High .... . oo... 104 120
LOW coememecaaeees eeenmnae 90 90
*To June 30.
Provisions: Preferred as to divijends,
and as to assets in case of liquidation,
either voluntary or involuntary,
at $110 per share and accrued
jividends. Also entitled to cumulative
dividends at the rate of 7%. The Preferred
stock is not entitled to any preemptive
rights to subscribe for additional
issues of stock of any class.
Dividends: Payable quarterly, Jan,
Apr., July and Oct. 1. Initial quarterly
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 subject
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 except
(1) shares issued upon the exerrise
of Common Stock Purchase Warrants
which evidence the right to purchase
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 constituting
part of the first 800,000 shares
issued (exclusive of shares issued upon
exercise of Warrants). Common stockholders
have no preemptive right to
subscribe for additional shares of Prefarred
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 & Littlefield,
Portland, Ore.. for the corporasion.
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
