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Sheraton Corporation of America, 1961 Annual Report
Image 23
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Starwood Hotels & Resorts. Sheraton Corporation of America, 1961 Annual Report - Image 23. 1961. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. University of Houston Digital Library. Web. May 19, 2019. https://digital.lib.uh.edu/collection/hiltonar/item/1325/show/1319.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Starwood Hotels & Resorts. (1961). Sheraton Corporation of America, 1961 Annual Report - Image 23. Annual Reports from the Hospitality Industry Archives. Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston. Retrieved from https://digital.lib.uh.edu/collection/hiltonar/item/1325/show/1319

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

Starwood Hotels & Resorts, Sheraton Corporation of America, 1961 Annual Report - Image 23, 1961, Annual Reports from the Hospitality Industry Archives, Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston, accessed May 19, 2019, https://digital.lib.uh.edu/collection/hiltonar/item/1325/show/1319.

Disclaimer: This is a general citation for reference purposes. Please consult the most recent edition of your style manual for the proper formatting of the type of source you are citing. If the date given in the citation does not match the date on the digital item, use the more accurate date below the digital item.

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Compound Item Description
Title Sheraton Corporation of America, 1961 Annual Report
Creator (LCNAF)
  • Starwood Hotels & Resorts
Publisher Starwood Hotels & Resorts
Date 1961
Description Sheraton Corporation of America Annual Report for the year ending on April 30, 1961.
Subject.Topical (LCSH)
  • Hospitality industry
  • Hotel management
  • Corporation reports
Subject.Name (LCNAF)
  • Starwood Hotels & Resorts
Genre (AAT)
  • annual reports
  • business records
Language English
Type (DCMI)
  • Text
  • Image
Original Item Location Conrad N. Hilton Papers
Digital Collection Annual Reports from the Hospitality Industry Archives
Digital Collection URL http://digital.lib.uh.edu/collection/hiltonar
Repository Hospitality Industry Archives, Conrad N. Hilton College of Hotel and Restaurant Management, University of Houston
Repository URL http://www.uh.edu/hilton-college/About/hospitality-industry-archives
Use and Reproduction No Copyright - United States
File Name index.cpd
Item Description
Title Image 23
Format (IMT)
  • image/jpeg
File Name hiltonar_201609_023_023.jpg
Transcript America and Subsidiaries CONSOLIDATED STATEMENTS OF SURPLUS 21 Paid In Surplus CONSOLIDATED PAID IN SURPLUS APRIL 30, 1960 Additions Portion of Earned Surplus Transferred to Paid In Surplus in Connection With August 2, 1960 2% Common Stock Dividend (96,656 shares at $17 per share) Excess of Amounts Received over Par Value of 23,041 shares of Common Stock Issued at $8,333 pershare upon the Exercise of Warrants and Cash Paid in lieu of Fractional Shares Amounts Received $ 33,600 158,420 Paid By 6% Debenture Bonds i Cash Total Par Value of Shares Issued and Cash Paid in lieu of Fractional Shares 192,020 11,546 Excess of Par Value of 4%% Sinking Fund Convertible Debentures Surrendered for Conversion over Par Value of 1,619 shares of Common Stock Issued therefor and Cash Paid in lieu of Fractional Shares Excess of Fair Market Value, $1,188,000, over Par Value of 66,000 shares of Common Stock Issued from Treasury in Connection with the Acquisition by Thompson Industries, Inc. of the Net Assets of Ansted Corporation „ Deductions Cost of 2,340 $25 Warrants Expiring September 1966 Parent's Portion of Discount on Preferred Stock of Subsidiary Transferred to Realized Gain (Earned Surplus) of Parent upon Liquidation of the Subsidiary CONSOLIDATED PAID IN SURPLUS APRIL 30, 1961 Earned Surplus CONSOLIDATED EARNED SURPLUS APRIL 30, I960 Addition Net Income and Profits for the Year ended April 30, 1961. Deductions 2% Common Stock Dividend (Note 1) 96,656 shares at $17.50 per share. Cash in lieu of Fractions Cash Dividends Preferred — $2.00 per share. Common — .60 per share. CONSOLIDATED EARNED SURPLUS APRIL 30, 1961 $ 35,220,488 $ 1,643,152 180,474 24,172 1,155,000 11,396 18,646 1,691,480 88,115 1,779,595 30,240 3,129,041 3,002,798 38,223,286 30,042 $ 38,193,244 $ 18,307,638 3,234,150 21,541,788 4,938,876 $ 16,602,912 Note 1 —The charge to Earned Surplus represents the closing sales price on July 1,1960, date of record, on the New York Stock Exchange. The Capital Shares account was credited with $.50 per share, the par value, and Paid In Surplus was credited with the balance of $17 per share. See Notes to Consolidated Financial Statements.