Owl Drug stock offering 1908

wehopewiki Member Photo

Clipped by wehopewiki

Owl Drug stock offering 1908 - - - - r - H01f ANNOUNCEMENT l y 1 - - 200000...
- - - r - H01f ANNOUNCEMENT l y 1 - - 200000 Part of the total authorized issue 01300000 The Owl DrugCo San Iriifisco Cal 8 Per Cent Cumulative Preferred Stock Dividends payable on the first day of January and July Shares of the par value of 510000 each The capital stock of The Owl Drug Company is as follows PREFERRED STOCK 500000 Entitled to 8 per cent - cumulative preferential dividends payable twice a year and preferred as to assets both as to principal and dividends COMMON STOCK 1000000 The directors of The Owl Drug Company have authorized an issue of 300000 of its preferred stock the balance of 200000 to remain in the treasury Of the 300000 offered for sale about 100000 has already been sold leaving two hundred thousand to be sold bv public subscription The Owl Drug Company owning four stores In the best locations in San Francisco three prominent stores in Oakland and the two largest stores in Los Angeles in addition to - a six - story laboratory and warehouse at 611 Mission street San Francisco is engaged in manufacturing wholesaling and retailing drugs and similar articles carried in most drug stores Our company conducts we believe the largest business of its kind in the United States The policy of The Owl Drug Company is to enter into every branch of the drug business that is productive of profit From the first yar of its existence the company has not only made a handsome profit but has grown beyond the means of its present owners Therefore for the purpose of increasing its working capital enlarging its manufacturing facilities and operating new drug stores the directors have concluded for the first time to offer for public subscription 200000 of its total issue of preferred stock bearing a guaranteed interest of 8 per cent With every five shares of preferred stock at 100 per share the company gives as bonus one share of common stock This common stock shares in the profits after the interest on the preferred stock has been paid The net earnings of the company have been for years far in excess of the entire amount1 of interest payable on the total issue of preferred stock The cash cost of The Owl Drug Companys merchandise on hand is far in excess of the total issue of preferred stock to be sold x Every dollar received from the sale of this preferred stock is for expansion of our business and the betterment of our plant The present owners and founders of the company are not selling out Our books are open to all prospective purchasers Understand that with every five shares of preferred stock bearing a guaranteed interest of 8 per cent the company gives as a bonus one share of its common stock If you have 500 or more that is not bringing you this rate of interest this is an exceptional opportunity for a safe investment in a reliable company at a good rate of interest We believe The Owl Drug Company is so well and favorably known that a history of the company is not necessary We stand ready to refer all prospective investors to several of th largest banks in the State as to our standing The Owl Drug Company was organized in 1892 and commenced with one store To - day it has nine large stores besides a thoroughly modern six - story building which houses our laboratory warehouse and home office Last year our retail business amounted to 1330000 and with increased capital we should douhlc this figure in the next two years Every dollar received from the sale of this preferred stock will be turned into the treasury of the company to increase its facilities and to meet he requests for more Owl stores This money is not wanted to pay bills all the assets of the company are free and unincumbered Not one cent in dividends can be paid to the present owners - whose interests in the company are represented by the common stock until the dividends of 8 per cent payable semi - annually have been paid on the preferred stock The interest on our stock is not speculative but 13 based on a demonstrated earning capacity The possibility of - loss from bad debts is therefore Our business is conducted on a cash basis eliminated If you desire to know more of our stock write or call at our main office 611 Mission street San Francisco In considering an investment in the preferred stock of The Owl Drug Company attention snoiuci vk given 10 me icuowing pomes i FIEST The record of the company as a mbney - makeri - SEOONDThe i substantial growth of the company f romjone jnnall store to nine large concerns withthejinbst modern laboratory and warehouseKwest of the Rockies THIEDrThe unlimited opportunities for a greater business FOURTH - The ample security behind the total issue of preferred stock FIFTHThe polipy of the company to devote every dollar from the sale of its stefek to enlarging its business SIXTHTheJratingJgivenl bur company by every mecantile agency of the country SEVENTH The efficient and established established organization of the company EIGHTH The national reputation our company has as the largest and leading concern of its kind t TF YOU DESIBB TO PURCHASE THIS STOCK Go personally or send your money to one of the three follouing bank The Crocker National Bank San Francisco the Union Sa vines Bank Oakland Cal or the Central National Bank Los Ancrele fWf TfciH banks will give you a receipt for your money and in five days your certificate of stockwillbe sent to your address or you may receive same by calling at the home office of the corporation 611 Mission street near Second San Francisco Cal wvJ - Wc shall be pleased to have all who are interested callat or write to our office i full information relative to out business is at their service l k - l All stock draws interest from the dato of purchase All subscriptions will be filled in the order in which1 they are received and the company reserves thcrightto allot a smaller amount blJcfcU cw siEowL mmmL 7 - S J A RE Miller Secy and GenI Manager inojne utiice oil Mission at m - - w if Xi - rf fhere c i re - - - - zmv at fl is rS iVi - - t i h i 1lart CssoTslsI A Tii - - tj Ma uauuavui vui - i - I1 - Jtt - jMtJr iLTs H mi fllVI a it I 3MM jm

Clipped from San Francisco Chronicle17 May 1908, SunPage 31

San Francisco Chronicle (San Francisco, California)17 May 1908, SunPage 31
wehopewiki Member Photo
  • Owl Drug stock offering 1908

    wehopewiki – 10 Aug 2014

Want to comment on this Clipping? Sign up for a free account, or sign in