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Show mm mi B005TSSIiES Present Stockholders to Receive Re-ceive Cash and Securities Valued at $42. Alt ho us i i the iJrphouin ThoAtor and ItoaIt" cojunajty lias made no official :tn-nouncoumnt :tn-nouncoumnt of tho bartis for which tho existing stook i lo be ox.:hati.od by its holdois f.tr th.e new suourii.:..- to bo is-stied, is-stied, it has boon learned from a well-informed well-informed Sou roe. aeeord.hi.; to tho So 1: I'TaneioCO i'hamhior, that the e.-.-ehauye wi'.l be effort oil practically as follow s: I'or oyeh shai-o .." the prLsr-nt t.rplieum st'jok, ;ho oar of wlueh is Sjn a .-hare, the forumato h-oi'loi- wi- locoivo :,.t in oash. s. t in j u-1:.(',.rre, .'Ll.,,.k and about l'd shares of now common stuek of no Sit-io'ified par value. Tho syudieaLo vljj.-h is hnr.diio tiie lnaLti r of ttio txchanuo is uilin;i' to Ijli tor cash, it is said, one-third of the preferred pre-ferred stook issued in ou h holder in eehanyo at a fixed prb- .'." a share, the nar of preferred boino oMjo. Tho actual asset v;i h,io of the uo common siock, ii is osi.njtu t'.d. i ;ibout $" a slu-iio, and ii iniiLov's from too foro-ifoiui;- tha.t rho In dder o cLi'-Ii slm re of UrpUeUoi stock ','ill Vecoivo cash and now seeiiruies vrah a orisonr market ai Uo or asset value of uboiH S 1 h share. Since the lueseiu LU-phoum srock is sell in?: a', si! L' a shni'e, ii t'edlou's r'mi, si i o ul d Li: is unofficial siaieinoiii nrovo WeU-foUHdo,, stock' is '"cry clo-ap. L'ons'dorod from a dividend bashs. ;i comparison f tho nev. soctiriutL-; wiih one siiaro of tim present stock v."orks out as follows: The income from one share of or-pheuni or-pheuni stock today is :?l.LiO per annum, whereas the new stock will yield an income in-come return of about ;Si' per annum sun-ly, and it is estimated that extra dividends- r an increase- in I ho rales due to g-ood business may , very well increase in-crease this iold ti.' si!, or even !?J. |