Salt Lake Telegram | 1915-11-07 | Page 20 | Ray Con, May Raise Dividend next Month

RAY CN MAY RAISE I D IE D NEXT MONTH I NEW NV YORK Nov 6 Ray Ray Consolidated Consolidated Consol Consol- Consoli Consoli- dated wi cal for retirement December 31 3 Its Is year ten 6 per cent convertible convertible con con- bonds bons Bonds are callable at 10 on any interest date Inasmuch as they are convertible Into stock at 20 the I pall call al for tor retirement will wl probably hasten i conversion lo into Ray y Consolidated so i shares Next dividend on Ray will be payable about the close cose of December to tostock tostock stock of record about the middle of the month and practically all aU the bonds are I I expected to be turned in for conversion on the day of record entitling stock stock- stockholders stockholders stockholders holders to the dividend The Tile bond bondholder hold hold- I I er will wi then receive Int interest rest up to that date as well wel as the dividend on the tile shares received In jn conversion About I I the mOt most In this dividend divi payment will wi be b tile the be fact that it relea releases Ray see ses- seeRay Ray Consolidated from necessity necessity sity sly of providing p a sinking Inking fund on the I bonds which amounts to about i a year There Js Is expectation in well informed circles that the Ray nay dividend will wi be now increased increased-at at a meeting a month from I