The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1907-07-05
JULY DISTRIBUTIONS.


the various concerns uf the country
for July The publication OF the real
figure by the Sew York Commercial
shows that these early estimates were
W little value. because they came far
from the truth They fen 10000 600
short OF the actual aggregate amount.
although they Included the payments
10 be- made Boy the banks and trust
companies. the national government
and the city Of New York. These dis.
bursements fu not ordinarily come
under the head of m. estimates that
are made TO show the July disburse.
ments Of the railroads industriaL
traction and other varied interests.
Therefore. IL Is reasonable to con.
clude that these predistributfun fix
ures are of little value
However. there Is much Of inter.
est to be glcane dfrom the actual fig.
ures showing the distribution The
gains by the corporations show re-.
markable increase over the same pc.
riod last year. and they have Il ten
dency to put to blush the oft-repeated
statements that The earning capacities
Of many OF the great institutions Of
the country were being seriously men
aced by reason Of the agitation that
has been made against their methods
In July OF this year total OF t2l5,-
900 900 represents the dividend and
interest earnings Of the big concerns
o fthe country as against $50 600 900
in July. 1906 This does not include
/ federal. bank. trust company and New
York city payments. For the quarter
/ ending with July these distributions
/ show gain of S5jOOOOOO over the
corresponding quarter Of last year
which is "A tribute to the prosperity Of
| the country or that portion of the
citizens who are engaged In industrial
| pursuits that will admit OF a second
| contemplation In order that the full
| significance OF the enormous gain In
| clear profit may be had. No discus
sion OF the results can be admitted,
and platiudes can hardly change the
facts for these figures represent the
actual cash that is being paid out
Tho theoretical and the estimate stag
es have been passed.
4 further analysis Of the figures Is
Interesting The industrial company
dividends are more than double this
year over what they We're last year.
Last year dividends paid in cash by
the industrial concerns Of the coun.
try amounted 10 S2SOOO.OOO, and this
wear they reach s5GOOO,OOO. while the
interest payments by the same cor
porations jumped from $9000,0OO TO
almost s35. .OUo 900, indicating that
there is no need for apprehension that
,he Industrial interests are in danger
Of financial suffering.
When II comes to railroad dividends
the rise Is almost as marked, increas-
ing from $50 6.OOU.uu0 TO $50 600. 600 and
I'm railroad interests from s66.0OO 900
to $4,000. 900 The increase In raj
road dividends is very gratifying and
the figures show that the onslaught
made by adverse legislation have
made no apprcciable inINads into the
real money that the roads are earn
ing or course. extensive claim has
been made that the railroads were
about TO be- put out of business be-
cause of the campaign Of regulation
that has been made against them
/ but these claims were evidently made
for political purposes and they are not
/ subsmntiatcd 10y the appearance and
/ disbursement Of the actual cash earn
/ ings when the railroad companies
/ I'm July. 1907 can increase their diyi
| donds a per cent over those of the
I corresponding month in 1906. 1t may
argue that their freight and passen-
ger rates might be- cut without iuiur-
/ ing them. yet not necessarily SO. II
/ rs a good pruof. however. ~ their
ahounding prosperity ard it indicates
that their stocks are not disastrously
watorcd. II they are watcrcd at an
ON the whole the July distribution
shOnld AFFORD the economic student a
very fruitful field OF research. and It
should also impress the average ciu.
zen with the fact that. uotwithstaud-