Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-12-07
DIVIDEND PAYMENTS
0SUFFER fewer CUTS
General Conditions Are Such as to
Reassure Directors as to
the Future.
Financial Notes Of Interest-No Life
in Local Bond Market.
Prices Strong.
BY I. A. FLEMING.

Ninety corporations meet this week &c
take action on payment of dividends
in this list are many OF the leading In
dustrial companies-Tennesse Chino
and Utah Copper; Phelps-Dodge. Bell
Telephone Of Canada. Loose-Wiles Bis
cult Company. Guggenheim Explora-
ton and many more New York Cen
trail. Canada Southern. Michigan Cen
trail. Delaware, Lackawanna and west
ern and other leading railroads are in
the list
Much OF the earlier clipping and pass
ing of dividends was IN line with a
conservative policy adopted by officials
who, never having had the experience
Of q general European war. were natu-
rally fearful of q partial stoppage OF
business endeavor-of the loss of all
foreign business. both In exports and
Imports
Since then conditions have changed
That most valuable lane between
New York and other American ports
Great Britain and other foreign ma
tons has been kept open to the com
merce of the sea. Business has not
been ACKNOWLEDGEMENTS perhaps,
but to nothing like the extent feared
10y business interests with the advent
of the war.
With a better understanding OF the
effects Of the war on the United States
INSTRUMENTATION will yield and more
regular distributions to shareholders in
various corporations will be made
The trend in this direction has been
noticeable during the last thirty days !;
there have been fewer reductions, less
passing, up to a point where last week
brought few changes of import. aside
from Lanston's action in deferring action
on dividend, really passing.
Probably the majority of reductions
and the passing of dividends have been
many cases where the distribution
will be paid for the current quarter
where they were withheld for the previ-
Gus quarter.
Considering Decision.
The full interstate commerce commits
sion is discussing the decision in the rate
case today. following the usual precedent
Of having one OF the commissioners pre-
pare the all-important document.
Commissioner Clements says: 1.-THE
only question before the commission I'M
der the law in the per cent advance
rate case is whether the proposed in
creased rates are just and reasonable in
light of pertinent facts, circumstances
and conditions
This seems to cover the case. and the
evidence mas apparently been cumulative.
Financial Notes.
Maine Central net earnings increased
for four months IS per cent, while
gross decreased 2.34 per cent.
President Ripley says that after the
war the showdown will come for the
railroads and higher rates or govern
ment Ownership will be the issue.
Superior and Pittsburgh Copper
Company passed its dividend in Au-
gust: last week increased distribution
from the 50 cents a share paid In May
to 81.
Missouri Pacific earnings for October
actually increased $260,499, and for
four months the increase was s1,006,-
$50. The latter was accomplished by
. decrease in maintenance Of way of
t52s.62. $31. 233 in maintenance of
equipment. and $213.23s in Transports
tion expenses. It'll an increase of
ssoo,oo0 in operating revenue.
Local Securities.
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