New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-19
BRIEF NOTES OF FINANCE
parauraphS of Current Interest
for the Investor.

r., reports OF the steamship companies
'acinaily engaged in transatlantic traffic
-, that the year 1912 was a prosperous
NJ, the whole. The Cunard companv
- an increase in gross revenues from
ss.,o-tal, I'm 1917 to 81. ij7 .527 last year. or
ain Of s24S2,5S. An increase in net
's,i-cs Of 81 ,6510 93. or about - per cent.
~,rru Tor the year. North German
- shows an increase in gross revenue
'ssCS7l7. or about q per ceat. and in
-, The gain was N.6l2,oi3 more than in
.,r The reported net revenues of the
,,a,,burg- American Line were the largest
80 record being S13,522.275. or practically
=, nor cent greater than in 1911. These
80 COMPANIES are the only ones re-
.,.tine so far. but il is understood that
80 International Mercantile Marine state
..,ot vil De favorable. Notwithstanding
.s,t the sinking OF the Titanic left A loss
- tho company 81 above 100000 in OK
cess Of insurance.
Result Of Flood. Damage.
The DAMAGE done to Chesapeake & Ohio.
,ceording 90 Frank Trumbull. chairman
:, the board Of directors. is estimated
act 10 exceed $4,000 which amount will
- expended gradually. covering quite
,srsod. M Trumbun acknowledges con
,issrable temporary decrease in gross
earnings. due 20 a suspension Of traffic,
Rat predicts that 10y the fourth week in
ao-l earnings will again be normal. One
~ his statements is that no important
srar.ins s proposed at present. however.
me question OF a cut in the dividend rate
SIN remaining an open one. which Will
have 20 he answered At the mex: dividend
meeting.
Exports in 1912.
Official reports for the fiscal year 1872 OF
the exports of this country show that the
amounts we're Is follows: England SOC
nnea. Canada. 1879 cooc0. Germany.
Isa7 e4coo: France. $4,000 co: Neither
lands. S0iooOo1o Italy. S65.o..cco. cuba.
Is. n9eo. and Mexico. Japan and Argen-
Tina, $4,000 each. This makes a list OF
zen countries which received three-fourths
.cf the exports OF the United States. the
remainder Of our exports being distrib
hted among one hundred other countries
and dependencies.
Effect Of Dividend Reduction.
r. The New Haven Railroad has any IN
,enton Of cutting its dividend rate it is
ADOPTING a plan which will tend TO offer
rs on excuse tho continued agitation by q
certain interest against the road and its
methods 4 reported official statement OF
The company says:
a reduction of the New Haven divi-
dend from s TO per cent would he more
than of passing moment 20 many. VINO
perhaps may be inclined TO take lightly
The continued agitation or professional
agitstcrs II would mean a loss 10 New
Haven stockholders amounting To $3.lS'.-
80 This loss would be felt appreciably
BY others than the actual holders of the
stock. for New Haven STOCK Is held with
IN rather narrow geographical limits.
Ninety nor cent % its stockholders live
N Massachusetts,. New York. Connecticut
and Rhode Island. These states would
have 10 bear S2.S23,77s loss in income from
the dividend reduction 10 por cent.
Nearly 100000 withheld from these
state would mean n serious loss. Not
only the holders OF stock would have 10
figure I'D in dollars and cents the cost oi
the agitators and the effect upon railroad
credit. but the ledGcrs OF the butcher and
grocer would show an account with the
aCitstorS. and il would be on the wrong
side"
Cood VIII Cspitalized.