Salt Lake Telegram | 1936-12-18 | Page 28 | Wall Street Briefs

Wall Wal Street Briefs NEW YORK YORK Dec 18 AP Kresge AP-Kresge Kresge Department Stores directors Friday ann announced an an- flounced n d they will meet December 28 to act on a Ith plan recapitalization calling a IJ for the exchange of shares of 8 t per cent par preferred stock stok for new 4 per cent par preferred and com moo mono Holders of each share of the 8 S per percent perCent percent cent preferred would receive one and a I half of the new 4 per cent issue Isue and half a share of fat common T The plan a I likewise contemplates contemplates plates payment ent of fe 20 in cash hl on account Zt of arrears on the old preferred The board of governors of the New NewYork NewYork NewYork York Security Dealers' Dealers association has ban ba announced trading by bv will I be suspended December 26 1936 2936 the te Saturday Satur atur- day following Christmas Christma day