Deseret Evening News | 1904-06-18 | Page 6 | Allis-Chalmers Company

COMPANY Frost Prest Prest Warren States tho Reasons That Prompted Directors to Pass Pas th te the Preferred Dividend Referring to 10 the Ihl action of at the AllIs Chalmers I board hoard of directors In recently passing Its 11 preferred divi dividend dew II 1 H II I Warren president pre of the In 11 his Ils annual report Hy fly ly reason of the contraction In general business and the tho Introduction of ot new manufacturing departments that will wi require some soro time expense to prop properly properly properly erly establish the directors director have deem deemed deemed deemed ed It the tile part ot of conservatism to post postpone pone ilone tha tho ho declaration of dividends upon the preferred stock until they hey are arc fully assured of ot a return of continuing pros prosperity parity for this company For or the fiscal Isral year ended April Apri 30 M the tha company showed a n decrease of In net profits or er nearly 50 60 O per cent amid In surplus The total of ot tho the Herald company Is now nw New York