Word: dividend
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Postal's Year. Bad business, perhaps also much competition from long distance telephone service, has flattened the earnings of telegraph companies. Last week the directors of Postal Telegraph & Cable (common stock 100%-owned by International Telephone & Telegraph) met, looked at the 1930 report, promptly passed the 7% preferred dividend. Postal's gross last year slipped from $40,258,000 in 1929 to $37,923,000. After expenses and bond interest, it earned a paltry $96,000 against $2,972,000 in 1929. Not so drastic was Western Union's decline which brought 1930 earnings...
...same department the births are captioned: DIVIDEND NOTICES...
...success formula that Publisher Scripps enjoined his young men to attack Graft and Corruption, to cry out for the Common People. He never enjoined them always to put crusading ahead of the busi ness office. He never spent money to house his properties handsomely as civic institutions. They were dividend-paying news factories and looked...
...week for the troubled oil industry. The new pool in eastern Texas (TIME, Feb. 2) gushed greater, became a major threat to prices. The Federal Trade Commission demanded a revision of 18 of the 21 rules of ethics adopted by the industry in July 1929. Earnings statements were bad. Dividend reductions included Standard Oils of Indiana, Kansas, Nebraska. In Oklahoma, Potential Production rattled the lid of Proration, never securely clamped down...
...important was the statement of United States Steel Corp. For 1930 "Big Steel" earned $104,465,774 against $197,531,349 in 1929. Common share earnings were $9.12 against $21.19. Especially poor was the fourth quarter with earnings of $12,366,088 against $39,972,358, which after preferred dividends came to 70? a share against $5.37. As it stands, the fourth quarter earnings include $3,695,000 special income, so that actual earnings from operations were only 28? against dividend requirements...