New-York tribune., 1911-02-18
R. R. DIVIDEND
~. Per Cent on Preferred Stock
.ss, y interruption Since Panic.
,Io,s,ol1IoN MUCH IMPROVED
.,,snt Finley Says Regular
rs' Fs.;. of 5 Per Cent Will Be
Resumed Later.

.,ors Of the Southern Railway
re o'' sscIared a dividend of l per cent
cunpan.y. n,o mo- preferred stock yesterday,
8 ins ,, an April "A, The stock Is a . per
ysSS'. cumulative issue. and the tuIi
sai no' na,a each year from 1902 to 1906,
nt VIZ IN 1907 the total dividend paid
crca'e osn,. and since October OF that
~ " ..oct has received no dividends.
ys,r %. .s.src.al condition Of the company
Fqss ,nonroved," said President Fin
w@,.,.rday. "as Is shown by us iest
f5eS.oort and by I,s income statement
ssrs' ..x months ended Deeemoer 81. 1910.
Eise such action entirely consistent
80 ~s,S and conservative fiscal policy
IN ~ directors has declared divi-
&c ~~l' - accumulated income as fair
az o'. under all the circumstances, OF
Ts'. Tsa,, expectations of the holders Oh It's
s ~, stock who received dividends for
gslsHs" yh.-s until the conditions which
iss's IN the financial panic OF the
clH'a.'.- ard the subsequent business de-
NJ ~, ',elled their suspension.
rssacn .tion Of the board indicates, It
:, adopted the pohcY oI . ~sry
s' 1Do the preferred stock on a very
ka's ka.,,re ~ basis. in the expectation tha'
rcrse' ,truonce Of favorable conditions
81 - sivi6end may gradually be m
s.s' Iii the full dividend can again DC
noid This resumption OF olVi-
ropsp -. result in any modification OF
~ ...snt progressive policy OF the com
u s''..,'' rssnect 10 operation, mainten-
Ep v. " ,c,provement of the property
~ S-'' av,so,ation of the company 10
-. rolicv Of charging TO income
ShuS ..,,,or+ionate amounts OF the pres
eu.! 80 discount on securities solo'
80 mak.ng substantial, Sna easa; T.oT
o Va :. loss at the end Of each hScal yea =
'rs' -" -, present decreasing ealahce u
- - has been absorbed ,os naAr
a'''aa, a.., rinley added that he had oeeh
PEtsas. ~ the board to take UP the
aShI'-' =, additional power and eaolp-
-. 70 construct system o. s,-.,Sions -.D =
-. -. ,i5lnrs on two important ol''s'o,.7 81
~ @s traffic IS heavg, but not sum,
rhNe =. rsouirs double tracking now anu
e''' - certain yard facilities. IN or
- .,rsnethen the position OF the e0'i,-
ts' y -,,s reference 10 increasing It's ousi-
Pam ' -. hoard had also authorized me I'M VI,
..,,.r,,,t ..,, ana expansion OF freight IAoii-
r.. Al important points.
'ues ra..,.,Ss !, have in the past been payao!e
.-,..nnuallv in April and October ana u
~. n~cbable that the stock will be
..s -, mon a per cent dividend basis al
80 the declaration just made reIers 70
s.,.,.ara" u'.ea and not 20 semi-annual divi-
aSas e..,.
+,+vav Company Tor the half year ended
,-..,b4r 81 1910 was S9,4SS,216, an In
.,s. os sel2i7 over that for the same
.,cs in 1850. Total gross income was 80
az an increase Of S702.722. and the bal
st Of income over charges, after deduct
.sxgS5S7 for interest. etc. and Il. io6.6Ss
{. ether charges. was SA119,i43. an IN
-s.ss Of N.1s2575 For additions and bet
| ,s-repts there was appropriated during the
d, months Si.h54. and the net income was
sSsS2. an Increase OF sl.0SS. .2Q9. There
sas st the close OF the last fiscal year. on
Ivse q. 1916, 2 balance 10 be absorbed OF
rsAsA IN discount on securities. resulting
p!itpaIy from the large sales Of develop
asst ard general mortgage bonds in the
stcedng hscal year.