Evening star., 1923-03-23
LOCAL SECURITIES
! SLOW BUT STEADY
Business Chiefly in Odd Lots,
!. Earnings of PiggIy
NJ, WiggIy Company.
BY L. A. FLEMING.

Today'S session of the local Stoch
exchange was without special fea-
ture and transactions were generally
in: small amounts. with an easier
trend in Lanston stock and Wash
ington Gas 5s.
Potomac General is were steady at
100: Gas IS declined TO 94i2; "a
per cent Gas notes. 1o3.
Railway common vas traded in
only to the extent or forty shares at
terday at 6o is to 60A. Lanston sold
al 90.
The fiscal year Of the Lanstou Mono
type Company ended February ~.
hui no reports of the years business
have been made public as yet. The
president of the corporation, j. MaurN
Dove, is Still confined to his home and
no one is authorized to speak for HIM
on banStun affairs
Local Attorney for Saunders.
r. W. Bradford of this city is the
attorney for Mr.. Saunders Of the Piggly
WIgSly Company.
He is in New York city today giving
Instructions to brokers aud making
settlements with shorts caught in
the corner on Wall street.
Treasury Deficit Eliminated.
Treasury deficit of March I. $50, ,t63.-
$50 mas beGn entirely wiped out
through the payment of income taxes,
Official statement Of March 10. shows
surplus Of S92,56l&96
Officials believe that at the
end of the fiscal year. June 50.
there may he "A deficit hut that It
VIII not exceed the estimate made by
president Harding December 4, " hen
he estimated it at $27%.9$S.000
Dividend Declared.
The Columbia Burlesque Circuit. OPP
Grating thcaterS in Washington, Bal
tlmore,. Cincinnati and Kansas City.
has declared a dividend of 10 per cent
Tor the last quarter of 1872, paid
March Is. The Gayety of this city
is III the circuit named.
PissIy WiGEIy Earnings.
FjEsly Wigslv Stores. Inc, last year
Showed net profits OF S652. .0a> equiv
aient to $3.26 a share on outstanding
100000 shares Of no par Class COM
mon stock. In 1927 net WAS s20S, So.
ar Si.39 a share on $4,000 shares then
outstanding. Dividends paid in l92@
amounted to $3.50 600, made uIl of an
initial dividend of 81 share. paid
june on outstanding 10000 shares.
and two payments OF 81 each on 200.
600 shares on September and Deccm-
her /. block of $4,000 shares was
sold during the spring. being listed
on the stock exchange on January !
last.
Last year PigGly Wigg1y charged
off $319.>93 10 depreciation. Sales for
1872 We're $31. .5G4 .313. compared with
SGo,2lo.t2l IN 1921. At beginning of
l922 there were 81 stores in opera
ton, which had been Increased TO 663
stores by December II last, the major
portion Of this expansion having been
accomplished during later half of
year.
Balance sheet at close of 1922 show
ed current assets of $4.,12.012. Of
which $S4l ,063 was cash. S3.440.1i7
merchandise and $f3o.>$2 accounts re-
C@ivablc. Current liabilities consisted
of S3,J21.J9l accounts and notes pay
able aud S9i.25 reserve for fedora
taxes. Net working capital was ST.
o9o.l63. The 100000 no par class "a
shares are carried in the balance sheet
HI $500 600 While the 20. 600 shares
class b" is carried at 5000. Profit
and loss surplus shown is S407207.
Among its assets PiggIy WisEiy car
ries contract rights for territory at
s1.5l Q1H1. and store equipment. build
ing improvement etc. at S3.5S6.T5o-
Company valued its variety stores.
bakeries. meat markets, etc, at Si3@.-
5yi.