United States Investor Volume 17, No. 46

United States Investor Volume 17, No. 46

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1906 edition. Excerpt: ...of remarkable. It is worthy of note that the increase in net earnings for the three months ended with September was $1,942,541, an amount nearly equal to 1 per cent on the outstanding common. While it may be expected that the Harrlman policy will continue to be followed in the matter of turning back large sums of money into the property from mrnings, the requirements in this connection will not be nearly as large as in the past. At the same time, the operating department reflects substantially the benefits of past improvement and maintenance outlays. this contributing a larger proportion of net from gross. As the investing public becomes more accustomed to Southern Pacific as a 6 per cent payer, its appreciation of the stock's investment qualities may be expected to grow. Vulcan Detinning Co. 17320. (Brooklyn, N. Y.) Will you lease let me know all you can about the ulcan Detinning Co.. what you think of the future of the preferred stock as an investment, what back dividends are due on it, and why the company only paid 1% per cent dividend last time, with nothing extra, as it has been doing? Since the last statement the company, I believe, has been spending some money for new buildings, etc. Can you let me know Just what these expenditures were. and if this was the reason for no extra dividend last time?. Ans.: This stock, now quoted around 67, at which figure it yields in the neighborhood of 'i'% per cent. is considered to be in line for higher prices, as it is believed that in time the company will be in a position to pay the full 7 per cent on the preferred, besides making up back dividends, now amounting to 9% per cent. The failure of the management to pay more than 1% per cent a few weeks ago is accounted for by expenditures...
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Product details

  • Paperback | 38 pages
  • 189 x 246 x 2mm | 86g
  • United States
  • English
  • black & white illustrations
  • 1236820304
  • 9781236820303