Salt Lake Telegram | 1930-10-24 | Page 20 | Montgomery Ward & Company Omits Usual Dividend

Montgomery Montgomery- Ward Company Omits Omits II Usual Dividend I NEW yORK JORK O Ocl Oc 1 24 AP DI AP-DI- Di Directors rectors of or Montgomery Ward Co today omitted tho the quarterly dUl- dUl dond of ot 75 16 cents duo due on the Uie common stock at this time A statement by the company said l tho the directors decided that It was In the best interest to stockholders to discontinue payment ot of the dividend divi on tho the common stock and that tha whilo the tho company Is In a a. strong financial position with a a. ratio o or of current assets to current liability s of 12 13 to 1 I directors considered 1 It prudent to conserve conservo the tho company company's resources so that ample funds willbe will wll wUI be available for the future futuro development develop clop ment of ot the business