Business: Surplus Sock

Christmas was still a month off but many a potent corporation last week began opening its surplus sock and doling out extra dividends. A round dozen announced extras and specials amounting to nearly $10,000,000, bringing November's total dividend declarations to $347,000,000, highest since February 1932.

Tobacco shares made the most news when P. Lorillard Co. declared a $1 extra, the first since 1917, and George W. Helme Co., famed snuff makers, announced a $4.75 extra special, a $2 customary special, and a regular...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!