The directors of the F. W. Woolworth Co. have recommended to the stockholders of the Company a "split up" of the Company's present common stock, four new shares for one old share. This means merely that the present 650,000 shares of $100 stock outstanding will be converted into 2,600,000 shares of $25 par stock The par value of outstanding stock will remain unchanged at $65,000,000. The change is recommended in order to make a wider distribution of the shares possible, since the old shares have been selling in the market at the flattering but...
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