The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-08-09
ANNOUNCE PLAN OF
YRS. CANDY STORES
Holders of United Retail Stores
Common May Take Stock
on Exchange Basis.

Common stockholders of the United
notified formally OF the formation of the
United Retail Stores Candy Stores, Inc.
for stock of which they will be permitted
to subscribe at $40 a share on the basis
of one share of retail candy for one
share of retail stores now held. Those
rights are given stockholders Of record
on Aug. 10. The new corporation has
an authorized capital Of 1850. 900 shares.
all common stock. of no par value. OF
that total. 100000 are founders shares
and $4,000 are class A shares. The
United Retail Stores Corporation has
subscribed to all of the founders shares
for 81 a share, the stock to be retained
in the treasury Of that corporation.
THE manufacture and sale of candy
at retail Is to-day one of the large and
growing Industries in the United States"
says a circular sent by the management
of United Retail Stores to Its stock
holders and apprising them of their
rights In connection with the new COM
pany. ut Is a business that Is most at
tractive from every viewpoint. BY the
chain-store system, under effective man.
agement, candy can and will be sold at
retail upon terms which will return a
fair margin of profit and still place
candy of standard quality and value In
the hands of the public at prices lower
than those heretofore prevailing. This
company has therefore selected 1t as the
second field for its operations.
For this purpose q. r. 8. Candy
Stores, Inc, has been organized under
A. 80 I'd NJ nal xxyff n
power to manufacture candy and kin
dred products and sell these products
through a chain Of retail stores through
out the world.
"In making this subscription the COM
pany arranged SO that II can and will
offer to the holders OF the common stock
OF this company of record at the close of
business on August 10, 1919, the right TO
purchase on or before the close OF bust-
ness on September 10. 1919, at $40 a
share, to be paid in New York funds the
number of shares respectively Of the
Glass A common stock of U. r. 8. Candy
Stores, Inc. that such stockholders may
respectively hold of record OF the COM
mon stock of this corporation at the
close of business on such first mentioned
date.
an making SUCH subscription this
company also secured the option to pur-
chase u. r. 8. Candy Stores. Inc, on
or before December 81, 1919, at $40 a
share, payable in New York funds upon
exercise of such option, as many shares
of the Class A common stock of U. r. S.
Candy Stores. Inc, as will equal the
difference between the number of shares
of such stock which the common stock
holders of this company. their personal
representatives and successors and as
signs, under the terms OF this offer, shall
have actually bought from that company
and the total authorized number Oh
shares of Glass A stock of u. r. S.
Candy Stores, Inc. II. as and when this
option shall In whole or in part be ex-
ereised by this company this company
shall have the right to dispose OF the
shares OF Class A stock OF U. r. S,
Candy Stores, Inc, thereby acquired. for
the benefit OF this company to such ex-
tent and at such times and from time to
time ana upon such terms as ths direc-
tors may determine"