Business & Finance: Earnings: Nov. 3, 1930

Any of the stockholders of Montgomery Ward & Co. who were expecting, counting on their 75¢ common dividend due for declaration last week were rudely disappointed. The directors met and voted to keep that $3,465,576 in the bank. This notable dividend failure did not surprise many stockmarket traders, but revelation of the company's losses so far this year did, and the stock sank to a low of $19⅝, making its deflation as drastic as that of Simmons Co. In the past, Montgomery Ward have issued only yearly statements. Last week they disclosed the results of each quarter as follows: first, a...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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