Word: dividend
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...second-quarter profit of $7,785,000 -bigger than any quarter's profit since 1929. Chrysler sales for the first half were 217,000 cars compared to 222,000 for the whole of 1932. Walter P. Chrysler did not rub his hands -he declared a 50? dividend to stockholders...
...Currency, Emory W. Clark and Col. Frederick M. Alger stood prepared to offer a plan for reorganizing the First National with a loan of $30,000,000 from the R. F. C. and subscriptions to common stock by depositors. The reorganized First National would pay an additional 25% dividend to depositors of the old bank, would eventually merge with National Bank of Detroit...
...National Distillers. And until Schenley bounded onto the market last week National Distillers was the only U. S. whiskey stock available for trading. In National Distillers warehouses is 70% of all U. S. bonded whiskey. Some 80,000 of its 2,000,000 cases it declared as a dividend on its common stock last August-one case of 24 pints, preWar, for each five shares, payable the instant whiskey flows. Its trade position is assured by its old brands: Green River, Old Grandad, McBrayer, Old Taylor, Mount Vernon, Sunny Brook. Seton Porter, National Distillers' able, socialite president, further timbered...
Steel is proverbially a "feast or famine" industry. Last week National Steel doubled its dividend. U. S. Steel reported a 65,241-ton rise in its backlog of unfilled orders to 1,929,815 tons. Operations for the industry as a whole jumped to 45% of capacity-highest rate in more than two years.* Cheery indeed are steelmen when their backlogs keep swelling while their furnaces grow hotter...
...hours the reports were denied, the stock snapped back to $7.50. The New York Stock Exchange promptly started an investigation. But there was real ammunition for bearish rail operators in the fact that Chicago, Rock Island & Pacific did slip into bankruptcy, and Atchison, Topeka & Santa Fe cut its preferred dividend from $5 to $3, first reduction since 1901. Bullish operators joked about Baltimore & Ohio's new-found source of revenue: leasing a locomotive to a Pittsburgh brewery as an auxiliary boiler...