Word: dividend
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Dates: during 1930-1939
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When William Bishop Warner and Lionel J. Noah became masters of American Woolen Co. in 1930, the company had lost $10,000,000 in three years and stockholders had actually thought of giving up. Dividends on common stock had ceased in 1924. Wool prices had fallen from $1.55 in 1925 to 65? in 1930. A thin-lipped Yankee named Andrew Pierce had done all he could to reorganize the company after a fatal post-War spending and production boom had piled up huge unsalable inventories. The year he resigned the deficit was the third biggest in the company...
...United Shoe soon after his father and others formed it in 1899. Intrenched behind airtight patents and a leasing system, United Shoe was more than once under fire as a monopoly, lost a battle to the U. S. Government twelve years ago. But last quarter it declared an extra dividend...
Year ago last week the prudent directors of U. S. Steel Corp. pared their preferred dividend from $7 to $2 a share. Big Steel had just piled up a staggering deficit of $91,891,867.85. Last week when the directors of the biggest U. S. industrial corporation met to ponder dividends at No. 71 Broadway, Manhattan, they had before them the annual report for 1933. Against an operating loss of $12,729,000 in 1932 was an operating profit of $18,439,000. To this was added special income of $1,335,000. But from that total was deducted...
...crest. The U. S. Government bought practically every one of the 261 Pratt & Whitney engines made in 1927, about half of the 1928 production of 953 units. The little group of organizers, all active in the company, kept their shares away from the public, voted a stock dividend of 79 shares for one. Thus "Chuck" Deeds's 200 shares entitled him to 15,800 more...
Professor Chamberlin's new assignment is interesting in view of the opinions he recently expressed in his chapter of "The Economics of the Recovery Program." In this chapter he advocates means of bringing about a general increase in purchasing power, not only for wage earners, but also for "farmers, dividend receivers, and business managers." The Professor is especially interested in the relation of the government and the consumer, and hopes that he will be able to work with that subject in his new position...