Details are now given of—the issue by the Shanghai Power Ca. of fits issue 80,000 Tls. 6 cumulative preferred stock on the local market, reference to which has already. a peared in these columns.
While full particulars are published in our advertisement columns, the following details of capitalize: tion may be alluded to here:—
To the Fuitor of the "Nowri-Cuiwa Daty News."
Sin,—"Shopper," in his etter pub-in your correspondence alumms, refers to two articles which lerable difference between the prices charged by Foreign! land Chinese Dispensaries. 1 could, fate certain articles Capital Stock Authorized To be pre-
Six tact eumul preferred stock, no mar alue 1000 80,000, shares shares B GSF second pre value 250,000 $0,000 ferred, par Common, mo par. value chares shares B
3,000,000 3,000,000
The price at which the issue is made is 97, plus the accrued dividend from April 1 of this year, The preference stock now offered is non-voting but hax preference over second preferred. and common stock as to assets and dividends. Te is entitled to Tls. 100 per share and accrued dividend in the event of Viquidation, and is callable at the option of the Shanghai Power Ca. on any dividend payment date on giving 60 days' notice, at 110 plus accrued dividend.
Is of the attractive nature security have already been made public, and further particelars regarditig the Power Company and its parent body are announcail in an advertisement.
The National City Bank of New York and the National City Company are in charge of the new issue. is, but it-ie futile make specific comparisons. well known—or should be at any: rate—that cut rate stores make on' the swings what they lose on the roundabouts by th: simple process of marking up goods on which they think they may be able to get fancy prices.
People who consistently deal with firms who are content with a living all-round profit, will find that in the long run it is to their advantage to support such establishments, In my experience, foreign pharmacies import goods monthly, in, Jzenerally spealing, small lots, thus Jensuring freshness—a vital matter in hot, damp climates, when certain goods deteriorate quickly.
is therefore," I admit, quite ible to purchase, at attractive prices, lines imported in quantity' at an exchange considerably higher} than-that ruling at present.
Quali "with trained, intelligent service work, conseientiously and scrupulously observed, [should have the appreciation of the public. These factors do fortunately count in the minis of a great many people, but I do not at all Hame those who are compelled to procure thei wants la what i+ apparently the cheapest market.
Text read from the printed page and cleaned; old type leaves the occasional error.