4 Woodward 334 24i ssy Elec. Ex Div.
Dow-Jones Summary By courtesy of Swan, Culbertson & Fritz sample for twelve months to June 30, 1940, was no more than £177,000. ud the total capitalization, including HE debentures and preference shares. only £193,000. The extent of direct economies in production costs obtainable by large-scale organization may be a matter for argument, but that far-reaching savings in overheads and to] other financial advantages would follow has never been questioned.
"Meanwhile, investors, can confident-bas|iy expect a of moderate prosperity during the next twelve or eighteen months, with the prospect of higher dividends for 1940 than fo:
Ina final table are shown the earnings and dividends of a. number of individual companies for their latest year, together with the earnings of the same companies in the Total Yarns and textiles are imported to the tune of 123 million guilders, though unfortunately this country appears to have no footing in the market for such important lines as knitted and tricot goods and underclothing, which are mainly supplied by Japan and China. In 1939 we sent a small quantity of socks and stockings, and this trade might be developed. some lines our contribution went down in 1939, but with the growing attention now being given to the export trades, this trend ought to be Teversed. Certain chemical and artificial manures have in the past been obtained mainly from Germany and Holland, with Great Britain often occupying the third place. This offers a good opportunity for the expansion of an already flourishing trade. The same applies to several classes of machinery and to wireless apparatus, except that here in many instances the United States occupies one of the leadíng places, so that competition to replace the lost German or Dutch trade will be more severe.
Trading on the Stock Exchange today was the most active recorded since May 18, with prices spurting from 1 to over 3 points and hitting new highs since May 11, Steels and shippings were featured in the advance and United States Steel moved to a new high for the year. Short-covering mainly caused the rise, as traders were not willing to risk intation developments over the Armistice week-end. The Navy Department has awarded Consolidated Air-In craft a $75,313,000 contract. Timken Roller Bearing has declared a dividend of $1.50 per share, with the company reporting net earnings for nine months at $2.87 per share, compared with $203 last year. Pullman net earnings for 9 months were lasted at $149, compared with $087 for the corresponding period of last year.
All markets in America are closed today, on the occasion of Armistice Day.
Stocks:—The character of today's market sirengly implies further strength next week, but we believe that the possibility of bad war news should prevent traders erning too heavily wolved, "The Time Index of business activity was 100.7, compared with 100.4 last week and 1073 for the ce ing period of last year.
Curtiss Wright 9 mths 30/9 $038 $0.38 Stock Period 1940 1939
Earned for Ord. Shares gu Latest Latest Year Year Di Curtiss Wright Curtiss Wright "A" eat up to November 4 totalled bushels. Holding continues but more hesitation in following bülges is noticeable Purchases on reactions are preerable.
Text read from the printed page and cleaned; old type leaves the occasional error.