Show I WIGGLY TO REORGANIZE About Half of Stores to toBe toBe toBe Be Sold MEMPHIS Tenn May Mav 14 By U. U P. P Headquarters P.-Headquarters Headquarters for Wiggly Wiggly Wig Wig- gly gh Inc will remain in Memphis ho home town of Clar Clarence nce Saunders who fought his his his' way from a 4 a week grocery grocer clerk to president of oft t the e big chain of ot groceries The Wiggly magnate magnate madeI made made- this final announcement today following fall failure rc of the home town town drive to unload OOOO shares of ot stock and pay ot off creditors who backed him in his recent raid on Wall all street shorts Saunders announced I also his latest latest lat lat- est cst plans for financial reorganization reorganisation tion of or the grocery chain Approximately Approximately half of the grocery stares in operation throughout hout the country will be sold Bold to raise ralsa funds to payoff pay payoff off oft Saunders' Saunders personal obligations |