The Washington times., 1901-12-30
$SS5,OOO,OOO in Dividends
and Interest.
WILL AFFECT TEE STOCK MARKET
Now York viii Be Flooded With
Money, Which VIII Make Rates
Easy, and 1t Is Hoped Induce
Large Reinvestment in Sc
cu,ities by the Public.

ments OF dividends and interest TO be made
IN January, and TO begin this week, vii.
amount TO more than $2O0.O0OO 600. The
amount is estimated at something ike
S225 ,0O0. 600, and this does not include the
Government pension payments. the Gov
ernlnent bond interest. the payments OF
interest on mortgages, and the dividends
OF The savings banks, which will prob
ably amount 10 S1O0. eco at least.
These vast disbursements Of money are
certain to play an important part in the
stock market. They are, in fact. one of
the chief of the hopeful factors in the
financial and market situation. The
larger part Of the payments will he made
il New York, and a vast amount Of them
TO New York investors They viii gather
into Wall Street a stupendous amount of
money from all over the country. This
influx is certain 10 make a plethora Of
funds and almost nominal money rates.
Money for Rcinvestment.
a large part OF this great influx Of
funds must be reinvested in stocks and
bonds The result. market people saw.
ment securities and large overflow de-
nand for lower priced dividend paying
railway and Industrial stocks and prom
Using non dividend paying securities.
Ihe disbursement viii be by far the
largest in the history OF the country. The
estimate of S225, coo 900 compares with
slso,o0O,o0o last year $3.50. .c00. coo the wear
preceding, and $3.50, ,c00, 600 the year before
that
Heaviest Payments in New York.
The heaviest payments this year Will.
as usual, be in New York City, and are
generally estimated at $3.50. 1000. 900. The
Government viii disburse Sl2 600 600 in
pensions, more than half of ,ghich will
pc paic out OF the local Sub-Treasury
in addition to this there will be IS 900 600
fald cut in interest on Government
bonds.
Nearly all the great corporations in the
country pay their interest and seni-an-
nual interest on their bonds the coming
mohth Most Of the seIni-annual divi-
dendF are also paid in this month
A list Of the great railway and indus
trial corporation disbursements fools m
ABOUT s5O,OO0000. This list is incomplete.,
oil course, as there are thousands of small
companies who make no publication of
ihelr interest payments and whose checks
are sent out privately. The greatest l,art
OF the disbursement will be made by these
small Institutions. In addition ia these
VIII DC the enormous payments of inter-
est on mortgages. which, in New York
Cily and Its surrounding towns, will prob
anly amount to about $50. .o00, GOO
NO account is taken either Of the heavy
oisbursements by the savings hanks
which amount TO sl8,ffO.O0O In January
The savings banks OF the State now hold
Ger y. .0o0. 100000 of the peoples money.
Most OF this money draws interest at the
rate OF per cent.
The Largest Disbursements.
Among the chief larger corporation
dividend payments to be made are the fol-
lowing:
Amalgamated Copper, ] per cent on
si5S. 300 stock, or 81, ,S7g on Janu
airy 27.
Adams Express Company. 4 per cent on
slS.GoO,0 0Oe. or $4,000 on January 2.
American Smelling Company. ~ nor
cent on sjo.000.000 preferred stock. or l
ss75, 900 on January "a
sSugar Trust, IA per cent on $4,000 COO. !
both classes OF stock, or si,575.OOO on !
January ?.
Atchison Railway 21A per cent on .
sl1z, ips,500 preferred stock, or s2.s54.ss7 \
on February l.
American Telephone and Telegraph 2IL l
per cent on s125e7,o0O or Sl63l. iO7 on
i5
Chicago and Northwestern. ~ per cent
on S2zSss.c00 preferred and per cent
on SSs.lls,300 common stock, or 81, 565. ABS
on January g.
Continental Tobacco, 1as per cent on
s4S,si6.500 preferred, and per cent on
S4Ssis.lee common, or $1,S51.735 on jan
uary and January q.
Denver ana Rio Grandc. 21z per cent on
siS $4,000 preferred stock, or s1,Gs6. .325
on january Is.
or l.75i,327 on January %
Metropolitan Street Railway. ~ per
cent On S52,0e0,00o, or $4,000 on Janu-
ary Is.
Missouri Pacific. 2iz per cent on s7s.-
Djo coo, or 81 .sol go on January 20.
New York Central. ~ per cent on $l15,-
100000, or :i,437.5o0 on January IL.
MergeHthaler Linotype, 6 per cent on
fie,ooe 600, or 100000 on December 81.
New Haven. ? per cent on S53, ,7O7, 100, or
SiQ7i1A2 on December g.
Northern Pacific. ] per cent on s75.-
le6bo0 preferred and ] per cent on sS0,-
boo coo common stock, or 81 $50 600 on
January / and February /.
Rock Island, IL per cent Oh sJ9.ei9. 500
1r 81 ~, ,32I OF January %.
Z. 5. Leather, ~ per cent on S62. 25s, 500
preferred stock. or s93s Oi7 on January ,.
Western Union. IL per cent on S97,-
10000. or sl,2l7.l25 on January Is.
Some Danger Points.
II certainly appears that irrcsp active Of
which may be at times very
srratic. the market has definitely turned
upward. II was evident after the break in
Sugar that the selling power had been
srgely exhausted. Sugar and AmalEa
mated Copper are still points OF danger.
he former because Of its almost too rapid
'ecoycry from the manipulated decline,
which was engineered for the benefit Of
Washington. and the latter because of
he unsettled state of the copper metal
rade and the likelihood OF radical action
~ the trust in order 70 force their policy
Ipon unwilling Independent prodl GERS st.
Paul is o stock which can be used by the
market operators who have already
showed their hand In Amalgamated Cop
,er and Sugar. There is, however. such
strong undertone and such exceptional
outside conditions that IL is doubtful if q
'epcttion OF bear tactics in any or all
u these securities could have a lasting
fleet upon tie market.
Transactions on the New York Stock
Exchange during the week Just ended ag-
,resatcd 4,3ss.146 shares. Hero are the
most active stocks:
Shares. change.
,u.1r .-'-..':-'....-.-.-.---- .le'5s5 Ady.' lA
snialslHaiod Copper ...,... 25s,no Adv. 80
nien Pariic................. lslstl0 Ady.. IL