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Show Con. Wagon Paves Way for Dividend Stockholders of C'onolidated Wagon And MAchine compAny have Adopted An Amend went to the Articles Ar-ticles of IncorporAt.on. reducing the compAny'A CApitahiAtion from fl, dOO.000 to $750,000, offiriA.A of the. concern announced WedneAday. I ThA Action, which cuta the par-J value of the IV) .000 ah a res out-standing out-standing from $10 to i, waa taken Tuesday At a special meeting. I Reducing the capitalization. It waa explained. chAngeA a deficit! of $307,622 into a surplus of ap-proximately ap-proximately $442,000 and makea it poAAiblA for the company legAlly; to pay a dividend. J Di rar tors will meet November 2Sj to consider dividend action. lni 92ft and 1930 the company paid! dividends of 4 per cent, totaling $60,000, or 40 cents a share. |