The Washington herald., 1907-11-06


! Union Pacific shares are ll0. as com
who bought at that time-and the stock
had then declined sharply from its high
est-got less than 51a per cent on his
money. At the final price Of yesterday
! the stock yields 9 per cent. the dividends
paid being 10 per cent on the par value.
a fall from 555, at which Delaware,
Lackawanna and Western stock sold ex-
actly d year ago, TO the present price of
400, means that the yield to the investor,
which twelvemonth ago was a triie
more than 31s per cent. is now per
cent.
! An income Of only per cent was OBJ
| tained by the buyer OF Reading shares
/ at the quotations OF one year ago. At
/ yesterdays level of 76 the 4 per cent
yearly dividend paid on the shares repre-
sents nearly 81 per cent on purchases.
/ Western Union Telegraph shares at the
| prices of a year ago yielded 32t per cent
/ TO the investor. At yesterdays price of
/ O. the per cent dividends on the stock
/ give the buyer rs per cent on his money.
! The protTacted and enormous fall in
even frst-claSs investment stocks may be
measured by the decline in Chicago and
/ Northwestern. At yesterdays price Of
l32 it gives the purchaser nearly 51s per
/ cent on his money, whereas last year S
price OF 2o4 gave the buyer less than
! 3lA per cent.
Atlantic Coast Line shares just year
ago were selling at I37. as against 6Gsl
yesterday The yield to the buyer of
year ago-dividend being per cent
was less than AZ per cent, as against
return Of ga per cent to the purchaser
Of to-day.
/ On dividend basis Of per cent year
ago, Amalgamated Copper was Ill. and
! gave the investor a return Of less than 5lz
/ per cent. The last quarterly dividend
was cut down 10 l per cent. and. assum-
/ ing that the stock viii hereafter pay only
/ ( per cent yearly, the buyer at yesterdays
price OF sos. gets nearly per cent on
his money.
At S4l5. the final price Of yesterday.
/ United States Steel Corporation per cent
bonds give the purchaser 6 per cent on
! the investment. This compares with a
market price Of 9994 and a return OF 5
| per cent on purchases made earlier this
year.
Baltimore and Ohio. stock paying 6
per cent dividends, sold yesterday at 81.
as against 1l9 a year ago. At present
figures it gives the purchaser a return
OF ~ per cent, whereas at the price of a
year ago, It yielded just per cent.
Chicago. Milwaukee and st. Paul paws
z per cent dividends to holders Of the
common stock. A year ago. when the
price had already receded sharply from
the highest, the stock was selling at
price that yielded just ( per cent 10 the
buyer At the closing price Of yester-
day l03, the income 10 the investor is
very nearly per cent.
Union Pacific per cent convertible
bonds sold a few months ago at SO. They
are now 1878. AT the former price they
yielded the investor 43 per cent, whereas
at the final quotations Of yesterday they
give just . per cent on the investment
The investor who bought American
Sugar Refining shares a year ago is get
ting something less than 81 per cent for
his money. Yesterday the stock closed
at l4, and, as the yearly dividend is Z
per cent. the present purchaser gets So.
per cent interest on the money invested
Chicago, Milwaukee and St. Paul pays
7 per cent dividends on the common
stock A year ago. when the price had
already receded sharply from the highest.
it was selling at price that yielded
just 4 per cent TO the buyer. At the clos
ing price Of yesterday it yields 6.S per
cent income.
Southern Pacific shares are 671h. as
compared with 90 a year ago. Six per
| cent in yearly dividends represents 6jR
per cent to the purchaser of that time,
whereas it means a return of per cent
10 the investor who buys now.
Pennsylvania stock a year ago was
1445s. AS per cent dividends are paid
on the par value, this gave the buyer of
that time 4&l per cent on his investment.
The stock ended yesterday, "ex'' the half
yearly dividend Of S1z per cent. at I0SA.
price which gives the buyer an income
OF SO per cent
Those who bought United States Steel
preferred stock just a year ago paid l07
for it, and are getting a trifle less than
6l2 per cent on their investment The
buyer at the present price Of 81 gets 8
per cent on his money
One OF the most notable instances of
change in the income from securities
caused by the fall in price is in Great
Northern preferred. A year ago il was
S23, and yesterday 112. The Z per cent div
idend. which. at the higher price, gave
the purchaser but little more than . per
cent, gives more than 6 per cent on the
present price.
One year ago American Car and Foun-
dry preferred stock, on which : per cent
has been regularly paid, was above lOl.
AT which price it yielded less than per
cent TO the investor. The present price,
81, means a return Of more than Slk Der
cent on the purchase price.
The preferred shares OF the Mackey
Companies are selling at 50, at which the
dividend of 4 per cent gives IT per cent
on the purchase price. Earlier in the
year the stock was at n and yielded but
SO per cent. The buyer at present panic
prices gets per cent 4 year more on his
money than those who bought before the
crash.
Just year ago New York Central
which some months before had sold al
l56-was quoted at 80. At that price the
per cent dividends on the face value of
the shares would yield an investor about
~ per cent AT yesterdays closing price.
93S4, the income Is more than per cent.
"
brokers Take Holiday.
Owing to elections in several Of the
States, including New York and Illinois
most OF the stock exchanges OF the coun-