The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1907-12-31

s22O,OOO,OOO T0PAYOUT
In Interest and DividendS---BeSt
Previous Record Was$2l4, ,OOO,.
600 Paid in July Of This Year.

NEW YORK, Dec. 30.-Contrary
to all expectations, the total interest
and dividend disbursements to be
made in January by the large railroad
industrial and mining companies OF
the country will exceed the disburse-
ments of January of last year by $13,-
422,131 and establish a record for
payments of any month. A careful
compilation by the New York Com
mercial of the disbursements gives a
total of $220,112,456. This COM
pares with payments of $214,
915 in the month of July of this
year, at that time the heaviest pay
ments on record.
To the payments of dividends on
small companies not included in the
list previous to January is due the
record breaking payments next
month Interest payments on the
new bond issue of the year, which
fall. due in January, also helped to
make the great total.
Because of the general business de-
preston throughout the country and
the financial disorders of the past
three months, it was thought that
the interest and dividend disburse-
ments would not equal those OF last
year, but the payments by the smaller
concerns more than offset the amount
lost by dividend reductions or pass
ing or deferring of payments.
In all, 81 companies are recorded
as having passed, deferred action on,
or reduced dividends since August,
1907. In addition to these, numer-
Gus companies have declared their
regular dividends, payable in scrip.
The latter are included in the tables
giving the total for the coming month.
Copper companies have been the
greatest sufferers since the depres-
sion in business set in. The decline
in the price of the metal, with the
decrease in consumption has caused
great falling off in the demand for
the metal and the copper producing
companies have suffered as result
About 20 copper concerns either have
reduced, passed or deferred their div
idends.
January will aggregate $129,O42,-
10S, as compared with payments OF
S11O,SS3,376 last year. Interest pay
ments will aggregate $91 ,o1o,4oo. OF
which the railroads will be called
upon to pay $61,734,335. Payments
of interest by industrial companies
calls for only $29,336, 03. Rall-
roads will disburse in dividends $67,-
9S9,7S9, as compared with 50 ,219,-
COZ last year, and industrial compa-
njes will disburse 61,052,310, as
compared with $50, 9,602,774 in Janu-
airy of last year.
In the industrial list, Western I'm
ion has declared its regular dividend
payable in stock instead OF cash; DIS
tillers' Securities company has re-
duced the regular quarterly disburse-
ment from |. per cent to 1a of l per
cent: New York Air Brake company
has deferred action on its quarterly
dividend, and the Alabama Coal d
Iron company, and the Homestake
Mining company have both postponed
action on dividends.
There has been only one reduction
in the dividends of the banks. The
Mechanics & Traders bank has re-
duced it's dividend from 10 per cent
annually to per cent annually,
Other banks have declared the regu-
lar dividend, the total payments by
the institutions of New York city
alone aggregating more than $4'ooo,-
900.
The Union Pacific Railway COM
pany is the largest dividend payer OF
the month This road will d1sburse
TO stockholders $4,004,467, being the
regular quarterly payment OF 21s
per cent The Chicago & Northwest
will pay out $3,4S3,067 Chicago.
Burlington e. Quincy will disburse
S1.196,556. With the extra dividend
of 2 per cent the Lake Shore & Mich
igan Southern will pay total OF 8
per cent on it's outstanding stock OF
S3.9O7,30O. Roads that will pay
dividend amounts in excess of ST.
100000 are the following: Denver
&, Rio Grande, Lehigh Valley, New
York Central and Southern Pacific,
which will disburse over $4,OOO,0OO
on the common and preferred stocks
The largest industrial payer will be
the American Telegraph & Telephone
company, which will pay out $2,93l,-
OPS. American Smelling & Refining
will disburse $2,000,0O0. and the
General Electric company VIII dis
bdrse $1,272,97S.
Among the largest payers of in
terest in January will be the Baiti-
more & Ohio $3,99S,S00; the Cana
dian Pacific, $2,959,5O5; the Read
ing company, $1,575,500; Union Pa
cific. $2,OOO,O00; Central of New 'ler'
sey. $1,127,275 Southern Pacific
S2.361,525; Chicago & Alton, ST.
10000; Southern railway, Sl,236,'
525; Chicago, Burlington & Quincy
$2,196,55O, and st. Paul, $3,2S5,-
125.