Jr. William lok - Stiftung 
oh 
? 
YT ~sPhigtor. 
tH CONGRESS 
1st Session } SENATE {Pogunsy 
0 
STOCK DIVIDENDS 
LETTER 
FROM 
CHAIRMAN OF THE FEDERAL TRADE COMMISSION 
TRANSMITTING 
IN RESPONSE TO SENATE RESOLUTION 304 
SIXTY-NINTH CONGRESS 
A REPORT ON STOCK DIVIDENDS 
DECEMBER 6 (calendar day, DECEMBER 9), 1927.—Referred to the 
Committee on Finance 
DECEMBER 17, 1927.—Ordered to be printed 
SRE, 
UNITED, STATES 
GOVERNMENT PRINTING OFFICE 
WASHINGTON 
1997