| Show 7 1 U ats T t tow t ewski C 0 e cordain in tan n ai ono t 91 of T I 1 in his irl wa 3 juwa points i gil erli that at during t beunk 1 11 td to 1100 vve t eions fiedt goner or atter f 1 moore I 1 ayears pe t ia hard 0 r 1 tr trofa 1 s IT for t M AA 1 op at IU edby ya ah a new P irrow ma zy iby A X 1 ir ay now tv ah lab y 4 citan 0 P neat over 1952 I 1 yearnings vearn ings 40 anen toila tolt stock i r sholden iders also emphasized d the high tax x load carried b by y business fe few people realize the aram doust tax burden that 1143 as often n assumed by business busl neu in 1053 safeway eway 0 the i 1 bonnel farm bof ty t y county 0 school and local ux iba teal veal and pers pro i 1 berty toward the v way pity paid in ln income boles excise I 1 franchise andio A n d S cial security I 1 taxes to th the 10 state and federal the mr fl wate ta amount of exceeds hot bet earn in common stock di vid lends an in 1953 by bv 1 W the Th ar report agero and all subsidiaries during 1053 of the leroa test in e this wa was an anase q of QI il or over kover the thel previous record setin set in 1852 1052 salea sales lor for the company and its consolidated subsidiaries in the united states state were are 00 1178 increase of 1 8 nover inet no t 0 nell aalee of 1 ennys a Ys canadian a d I 1 T adlea an in canadian no ian dollars ollars were 64 1241 in an compared to to oida 1052 wet e pronta pro fits ae or ar es wag was 9 2 07 4 in n Off 01 aAB d compared ren re n ar with ith in 1952 A r allowing for 4 refund of of profits taxes P paid in prior yeam DWI and after pro di g for foi depts U S federal normal income tax and surtax of cann dlan than taxes on an of the not profit after taa was 14 ai SOT for 2083 1053 parl 0 10 2 the chetom company otoju applicable applicable anto to the common acock a ahey payment of preferred dondi of were equal to 31 per share on shares the average out standing stand lne during the year your thil con compares parea with per share on me the common sto stock outstanding in 1832 1952 i cash nat lie lor r 13 m per par t share bif romma stock 1953 total current I 1 ox excluding cp dang connan limited equipment lessons lessors Les sors inc salem commodities modi ties inc and zand their bub sub were Vere total current liabilities were and the ratio of current assets to current liabilities wag was to 1 during iho retail 0 locations o actions were modernized me by installing st cidern ling such improvements as store fronts fluorescent lights self service meat facilities ties refrigerated produce and frozen rozen food cases now new center fixtures shelving sh and air conditioning there were 17 additional major remodeling projects pr elects in progress fat at the end of the year warren stated that less lesl cm em will hole after be replaced pieced placed on the remodeling of enung ext ung retail locations blue a large part of the non will ultimately h ho be replaced replaced by new locations the co an 8 construction program am ca calls 8 bior zor the building ormus ally lly of approximately now retail I 1 locations locutions locut ions and lor for the construction ol 01 waro warehouse bouse and plant ian facilities where required fo to handle properly the iacre increased nales sales volumes ab anese ese aj prop properties will be sold oaid id leased back under the companas comA comp anys buy build sell ccase arrangement |
