Business & Finance: Prosperous Gray

While last week stockholders of many corporations became apprehensive over dividend prospects, the few stockholders of Gray Telephone Pay Station Co. of Hartford received their second 5% extra of the year.

No publicity has marked the steady expansion of Gray Telephone Pay Station Co. Yet every year since 1922 has shown a gain in Gray's profits, swelling the $287,000 of that year to $935,000 in 1929. Liberal dividends have marked this upward march. In 1925 there was the regular $20 cash dividends, a $15 extra, a 100% stock dividend. In 1926 the extra dividend was only $5, but there was another 100%...

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