Word: dividend
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Last week in the annual report of Hotchkiss & Cie Managing Director Benet had happy news for his stockholders. Due to an improvement in the arms business, profits for 1933 were $1,005,785 compared to $992,358 for 1932. Therefore he was able to declare a dividend of 65 francs per share ($4.32), compared to 60 francs ($3.98) a year...
Henry Hobart Porter is 17 years older than handsome Seton but they see eye-to-eye on most questions. Last fortnight Brother Seton, who is president of National Distillers Products, also had something to say about taxes. He dusted off National Distillers' famed publicity stunt -the whiskey dividend of 1932-and used it once again, not to attract attention but to divert it. Both his customers and his Government were disgruntled with him and all other distillers over high liquor prices. So President Porter released a breakdown of the taxes and expenses which the stockholders had been asked...
Bottling and casing $ 4.00 Kentucky State tax 1.50 State, county and local taxes .30 Federal stock dividend tax 2.25 Federal whiskey tax 6.00 Storage 2.40 New York Stale tax 3.00 Freight anil handling .91 Delivery .25 Total...
...dividend tax does not apply to regular sales. Total taxes applicable to Mr. Porter's argument amounted to $10.80 per case. What was yet to be explained was why Mr. Porter's good whiskey was retailing for at least $42 per case...
...Swanel Inskip began selling Rolls-Royces in 1922. Grey-haired, affable, popular, he was elected president in 1929 just before the lean Rolls' years began. Best Rolls' year was 1926 when the net profit was $524,000. Poorest was 1931. when its deficit reached $745,000. No dividend has ever been paid on the common stock (controlled by Rolls-Royce, Ltd. of England), whereas unpaid cumulative dividends on the preferred now total $78.75 per share. Last week there was no Brewster in Brewster & Co. to be proud of Mr. Inskip's new product. The founder died...