Show westinghouse COMPANIES we have noted the recent fluctuations in westinghouse electric electr ic stock which manifested a tendency to go to this has in fact been the asking price for some time its year closes march 31 and an excellent showing is anticipated the current half year having been especially profitable not only for the electric company but also for th the westinghouse air brake two features of the dominant policy of these corporations contribute to their strength that of maintaining large reserves and that of selling additional share issues at about the market instead of ai at par thus the stock of the electric company standing at not quite 25 since the last increase has a reserve of over or more than 52 per cent the new stock was issued at a premium of 60 per cent the company can contribute its 10 per cent dividends and add to surplus after providing for interest and sinking fund on its debentures and notes the Obus iness of the current year will in tact fact show 30 per cent neton net on the stock and the debt is under it is asserted that the sales of its output will show nearl nearly which is coming very near to the general electrics electric business total but while westinghouse has hag only stock and other dobli obligations general electric has over the air brake company has a capital of nearly with nearly reserves and pays over 20 26 per cent in dividends in 1900 it gave 30 per cent it has no debt the shares are quoted at nearly united states state s investor |