OCR Text |
Show Todd Shipyards Co. I Sells Preferred Stock j I NEW YORK, July 1 Distribution jjjH of more than ? 1,000. 000 worth of pre ferred stock was begun today by thn Todd Shipyards' corpoiatlon, it wai announced. Tiie disbursement is , "loyalty premium" for faithful ahtt effu lent service, for the last four - .-:ir Bach man will receive (mm one lo fifty shares, now quoted at $105 snd. paying i per cent divldenda Allot- 1 tnents are being made according to the IH length of employment and nature of 1 |