The Detroit times., 1913-12-29
Banks and Big Industrial Con-
Germs to Make Large Distribu-
tons and Many Coupons
VIII be Clipped
PARKE, DAVIS * co. WILL
MAKE HEAVIEST PAYMENT
Over $600,000 to be Handed 10
StOckhOlders-BurrOnghs An
other Big Garner

Detroit investors viii receive. at a
conservative estimate, S25,Vo0,00o ON
New Years day as return for their IN.
yestments In bonds and AS their share
in the profits OF Industrial concerns
This figure is based on statistics IN
the federal internal revenue once for
the eastern district OF Michigan, show
ing the amount OF earnings available
for dividends In the year 1912
III that wear there were apprOXl-
mately 1000 concerns, the net earn
ings of which, available for dividends,
were under $4,000 each. Estimating
the earnings OF each az S2,500 gives a
total OF Sl0,0O0000
There were 200 other concerns, ap.
proximately the earnings of which ran
above $1,000, and which. therefore,
paid the FEDERAL tax OF one per cent.
Each OF these concerns had $4,000 eX-
empted from taxation. making total
or $4,000 GOO
There was spread on the records "a
Tux OF $4,000 Tor the year This is
one per cent OF $4,000 600 the taxa
bic earnings available for dividends
Adding SlG000.0o0. figured above, TO
this sum. gives total or S9S,30o0OD
for the year 1912 = is believed that
the dividends fol 1913 were slightly
. hi2her-oyer $1000C0000
More than half o. this sum Nas earn.
cd in Detroit whose big plants do the
bulk OF the business of the first inter
nal revenue disuit, When IL Is fig
urcd that some c0LCerns pay animal
=
nnnrlerlY anL- aaInG- Qn-ntlGr fiscal
days than the FIRST OF the year. the flg-
ure S25.000000 may be taken as
rough estimate OF the amount that Is
10 be distributed ON Jan. 1914
Tire biz dividend item, SO far rs
DetrOit il concerned, is that OF Parke,
Davis & co. which pays its regular
quarterly dividend OF three per cent
and an extra div,lcnd Of iiye per cent
on a capitalization or $7,600.000-a div
idend payment OF SG0S000.
Att- Hr1rrU1TEfTF RuUTUE NHCHTTTF CUTIE
pany pays four per cent dividend on
$500, 600. OF s220,0 This is a quar-
teriy item
The Detroit Edison company viii
pay quarterly dividend OF 81 per
cent on a capital OF SS.462 600. ON Jan.
.15a total OF sl4S,o70.
The Chalmers Motor companys
quarterly dividend OF - per cent on
$4,000, 900 - due Ian ] total ST00,oOo.
The Detroit Creamery company on
Dec. "a. paid dividend OF tour per
cent on 100000 stock or so
The Michigan STATE Telcnhone com
pany's / - per cent quarterly divi-
dend on S2.2S5.000 OF preferred ana
Sc 900 600 common stock is due Jan. l,
amounting TO S12t275.
Detroit banks viii pay dividends
amounting TO about S30000o. the
leaders viii be the First National ana
the Old Detroit National. with two per
cent quarterly diyilends ON s2,00o,Voo,
: or $4,000 cpiece The Peoples state
bank will pay a quarterly dividend OF
three per cent on Sle00,00O. or 500
600. The PeninsUlar State bank VIII
pay 21-2 per cent on 100000; the
Dime Savings. . IA per cent on Sl,0OV,-
600; the Wayne County and Home
bank. monthly dividend Of one per
cent on $1,000 900
The trust companies will also dis
tribute a large amount OF money as
interest on bonds OF which they are
trustees. The Detroit Trust company
will pay. this year. interest amounting
10 $3.50. 900 The Security Trust com
pany will ray $4,000
Tcner likes Golf
Gov John *. Toner, newly elected