Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-22
JULY PAYMENTS
RISE To TOTAL
Of S1,500,000
Banks Pay $285,5OO Dividends
Corporations, S547,475j Rest
Is Bond Interest Coupons,
BY M. A. ROSE.


BY M. A. ROSE.
Close 20 $I50OO0O in dividends and
interest on bonds win be paid within
the next two weeks by Atlanta cor
porations. the State Of Georgia, the
city or by corporations in which At
Ianta capital is heavily invested.
OF this sl,5oO.00O. It IS estimated
half viii go into the pockets Of local
investors. The rest goes to New York
and Boston.
The great half-yearly melon cut
ting period Ia at hand. 1t is probable
there will not be another as big for
a long time to come, for the quarter
iy payment plan, so popular in New
York, seems certain to be adopted
here. The Trust Company Of Geor-
gia and the Lowry National Bank,
both 81 900, 900 institutions, have led
the way toward breaking up the big
haIf-yearly disbursements, and the
example win be followed by others.
Estimate Is Conservative.
The estimate Of $1,5OO,O00 is we'll
within the truth. Indeed. II there
were any way Of learning the profits
Of the several large industries in the
city which are close corporations, and
OF ascertaining the profits OF the de-
partment stores and jobbing houses,
which likewise are in the hands Of
few stockholders, the semi annual
disbursements would be found well
over 81. 500. 900, fl is believed.
OF the S1,5OO,O0O known disburse-
ments, $2S5,5O represents the divi-
dends Of Atlanta banks, and S547,475
the dividends Of local railroad and
Industrial enterprises in which the
public Is interested. The rest is in
terest on bonds.
Bank Dividends.
The banks pay as follows:
Lowry, 6 per cent. ..., .-...,S $4,000
Atlanta per cent. ........ 10000
Fourth, per cent. ........... $4,000
Third, per cent. .......-.... 10000
Central, 3 per cent ....-.... 10000
Trust Company OF Georgia,
PIP per cent. .......-..... 10000
American, 4 per cent. ....,.. $4,000
per- er'c cent. 80 ,...a., ,p.','' 12,5oo
Atlanta Savings, 4 per cent o.. 1000
Trust COMPANY, 4 per cent. 5000
Gormania, 8 per cent. ...... 5000
Total .................... 1886, 500
The Trust Company of Georgia pays
quarterly. the others, semi-annually.
The Fulton National and Travellers
Bank and Trust Company probably
win not pay dividends, Both are
Young institutions which believe II
good banking to pass their substan-
tial earnings to surplus account rath-
cr than draw down" profits just now
Dividends of Corporations.
Here are the corporations which will
pay July dividends:
Empire Cotton OIL Company, 31-2
per cent on S1,255,OOO preferred
Atlantic Ice and Coal Corporation,
per cent. on $1,250,O00 preferred and
per cent. on $1,000, 900 common
Exposition Cotton Mills, per cent.
on 100000
Georgia Railroad. per cent. on s4,-
100000.
Constitution Publishing Company,
per cent on $150.00O preferred.
Atlanta Journal per cent, on
100000 preferred.
Atlanta and West Point Railroad,
3 per cent. on $250OO00.
Georgia Railway and Electric Com
pany IA per cent. on 50, 100000 pre-
ferred.
Georgia Railway and Power Com
pany. g per cent. on 100000 first
preferred
Southern Ice Company, 3 per cent.
on $1,SS5.0 600 preferred.
Realty Trust Company, 3 per cent.
on 100000.
The Georgia Railroad is not strict
ly an Atlanta corporation. II pays
through Augusta, but the stock is
largely held in Atlanta The South
ern Ice Company is a Nashville cor
poration. but its stock also is held
extensively in Atlanta.
These figures are not official an
uounCementS in any case but are
/ based on past records and the best
| information available, s many Of the
boards of directors have not met as
I vet
July Bond Coupons.
The State of Georgia has July coup
ons on the following bonds $3,S99, 600
/ of 3 1-2's and $2S2,5OO of rs. Semi
! Of Sc 1-2's and $2S2 500 Of 75s. Semi
( annual interest on these Is STAG, 472 so
The city Of Atlanta has July coup
! Cus to meet on: $4,000 of SIS: 1852,
/ coo Of SIS; $3,l4S.O0O Of 41-2's; ST.
/ 40S,5o0 Of AS; and $101S,O0O of 31-2's
. the interest on these amounting to
/ S119.7S0
Other bonds with coupons due July
j, or whereabouts, are Fulton Bag and
/ Cotton Mills IS. 100000; Constitu-
tion Publishing Company 5's. $295,00O;
Atlantic Ice and Coal Company 6's
q" coo GOO. CpOTpria Railway ar3 Pow