The Press: Obituary

Christmas Pie

Last week the stockholders of the Curtis Publishing Co. of Philadelphia (Saturday Evening Post, Ladies' Home Journal, etc.) cut their Christmas pie—one of the richest, meatiest pies since Little Jack Homer's. They voted themselves a Christmas dividend of $70,000,000 by approving the company's plan to increase the preferred stock from 200,000 to 900,000 shares and to distribute these shares (worth $70,000,000) among the holders of the 900,000 shares of common stock outstanding. This is one of the largest stock dividends ever declared. Its percentage is surpassed only by the famed 2,900%...

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