The Palestine Economic Corporation today announced that yesterday it offered for sale $1,383,700 in common stock at a price of $112 per share. This action is part of the recently announced program of expansion of the P.E.C. various economic organization Israel.
For 1948 the corporation reported a net profit of $297, 814 and an increase in capital surplus and reserves from $5,391,661 in 1947 to $5,890769. The corporation has paid 25 dividends of $1 each since its establishment 1926.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
