Show I ARMOUR CO TO T ISSUE BONDS By Dy Associated Press CHICAGO June JUle Armour f. Armour fi Co announced that it I would change I from a n closed cosed cor corporation to a I stockholders stock stock- holders com company pall by hy Issuing In iii bonds londs exchangeable for tor 1 7 per cent cumulative preferred stock as a part of its is 31 of n russets assets sets In order older to produce additional capital for or the ex expansion exI ex- I of its is business to take care of I Iwar war ivar orders The Time which are to be bo issued at I o Ij per cent have been underwritten underwritten under under- I written l 1 ly v Chicago banks bank and the transaction con constitutes the largest single sin sin- I gb gle 10 peee lee ece of financing ever cared for exclusively 1 lJ by Chicago o financiers rs The Tue bonds bOlls arc are to mature In hi six equal installments Installment from June 15 1919 to June 1924 In callable at par at the option of or the company hUt but hu convertible at an any ami time at the time option opton of or the holder holdel Into stock Armour fi Go's Gos Cos announcement of or the time plan luau Inn fays 55 a s th that it the tho new bond constitutes con COIl on- on the thE only lien len on fn th the tho concern n except tho ho first clo closed ed mortgage c for or due In iii 1939 and that lint tho ho will be le used to reduce proceeds wi the company's current liabilities the lie public to I To ru induce il pui PUI bonds thc they thoy will be h Is- Is thase th the new wi U in iii 11 d as small as |