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Newspaper
Houston Post
Location
Houston, Texas, United States of America
Date
Apr 19, 1923
Page
3
The document describes per share liquidation value of $57.00 and stock class rights. It explains quarterly $1.00 dividends for Class B until preferred terms are met, and notes that common stock holders hold voting rights while no preferred stock exists.
A garbled account discusses a proposed capital plan labeled Clause A with stock to be issued. It notes a vote in May and potential sale of 4,000 shares, along with a public offering elsewhere, as creditors seek evidence of sufficient funds to cover debts amid large business volumes.
A brief market note highlights further tricks and twists in Wall Street activities with wary observers noting unpredictability and ongoing volatility in trading patterns.
Report shows present year sales totaling $11,620,335.94 with $329,700.39 profits and a quarterly dividend of $0.11 per share. Comparisons reference quarter figures including $9,879,294 and $4,425,173.43 as specific sales benchmarks. The note suggests material earnings late this year could enable higher dividends or windfall.
A historical memo outlines a large underwriter led by Clarence Mauddary detailing Pigly Wiggleys growth plans. It reports 150000 shares underwritten by New York bankers at 0 per share, options on equal shares, and projected expansion to 667 Pigly Wiggl y Grocery Stores and 7 Variety Stores with 600 more stores nationwide.
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