OCR Text |
Show DIVIDEND IS RAISED FROM 4 TO 6 PER CENT NEW YORK, Sept. 22. Directors of the Westinghouse Electric and Manufacturing Manu-facturing company today declared a quarterly dividend of 1 per cent on the common stock, placing that issue on a 6 per cent basis, as against the 4 per cent rate paid in 1912. In connection with the increased dividend the directors issued this statement: state-ment: "The company has received firm contracts con-tracts for the manufacture of war ammunitions aggregating approximately approximate-ly $60,000,000, the greater proportion of which is a contract for rifles, which is to be executed jit factories in New England especially acquired for the purpose. ' ' It is understood that a large part of the rifle contract is for the Russian government. |