The Yellow Cab Manufacturing Co., for the first time in its history, cut its dividend rates, from 41c. a share per month to 21c.—or from about $5.00 to about $2.50 per share per annum. Ac-compaying the announcement was an unusual statement from President John Hertz.
The Hertz companies had a very remarkable history in the Chicago stockmarket. The favorites of local speculators, many of whom became rich thereby, the shares of the Hertz companies sold at constantly higher prices. Frequently Mr. Hertz has declared that his stocks were...
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