Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-01-05

company at Augusta, Me. with 500
euo'00 The American Agricultural
chemical company acquired several
OF It's competitors.
Competition with the BOrdens Con-
densed MIX company was promised
by the New York Dairy company. or
ganiZcd with S25,000,000 CAPITAL The
Amalgamated Copper company within
few weeks has strengthened its
hold on the copper industry by ac-
curing through friendly interests con-
trol or Greene Consolidated Copper.
one or ITS strongest competitors, and
a new company will be formed to
hnance the transaction. Earlier in
me year compromise was effected
with #. Augustus Hein2e. The Ten
nesse Coal and Iron company and the
Republic Iron and Steel company.
while they accomplished no actual
merger. drew nearer together in the
personnel of their management to-
ward control of the southern iron
Held. International Steam Pump add
ed $4,000 900 10 It's capital, and Amer
lean Beet Sugar placed $1,000 900 in
notes.
CONFIDENCE AND DIVIDENDS.
The confidence of the trust man
ayers finds expression In new divi-
dends and in increases over former
rates of distribution to shareholders.
Most conspicuous was the action OF
the United States Steel Corporation in
placing the common stock upon .
per cent basis The American Car and
FOUNDRY company did equally well in
this respect, the dividend declared
last month being the first that has
been paid since 1904. American Tele-
phone and Telegraph and Amalgamat-
ed Copper went on an per cent basis.
and Union Switch and Signal company
raised its common stock from S to ~
and Its preferred from 0 to ~ per
cent a year. Elsewhere we see the
restoration Of General Asphalt pre-
ferred to small dividend. an extra
dividend of per cent for American
Tobacco, one OF 3 Y per cent on Fed
cral Mining and Smelling, and one Of
a por cent on International Smoke
less Powder common. American Ice
paid per cent on It's old cumulative
preferred In order 20 render possible
the declaration OF quarterly dividends
OF ! Y per cent on American Ice Sc
Curities stock American LOcomo-
tive shareholders received per cent
on the common for the first time, ana
Distillers' Securities preferred was
raised from to per cent. Lake |
Superior Corporation declared its first !
dividend on the income bonds Amer |
lean Graphophone raised It's distribu- |
ton from 4 TO per cent General |
Chemical paid per cent on the COM |
mon stock. the first distribution since |
1898; national Biscuit, American Car |
amel ana Republic Iron and Steel |
were among those which paid extra
dividends
The industrial dividends cannot, in
many cases. be regarded as porma-
uont An industrial depression would |
quickly cut them off but the common |
stockholder is entitled 10 some con-
sideraton, and If he were 10 be kept
out ~ dividends until the perpetuity |
OF these dividends can be guaranteed |
by an adequate reserve. he would In |
most cases be- compelled TO wait sew
oral years longer before receiving any
thing on his investment. From tho
Of the common stockhold-
crs an occasional and sporadic diyl-
dend is better than no dividend M all
THE YEARS DENOMINATIONS,
The year has witnessed a few re-
organizations The Corn Products
company becomes the Corn Products
refining company, with n capltallza-
lion OF 10000, 900 OF cumulative pre-
lorred stock, NJ per cent, and s60.-
900. 600 OF common, The American
Glue and the American Mailing COM
panles also went through the painful
process Of reorganization standard
Rope and Irvine bondholdcrs were
rallied on for an assessment and their
was sold under foreclosure
IN April Tho company was reorgan-
zed as the Standard CordaRe company !
VI New York There is no general
visible toward the reduc-
lion OF trust capital. and this Is not.
indeed, 90 be- Anticipated before rec
Organization Is forced by a decline OF !