The Washington herald., 1914-05-06

Utah Copper Company for March 81
quarter: Total net profits. sl.9sS.OOo; in
| crease. $i29.7OO. Chino Copper. March 81
quarter: Total net profits, sl.23S 800; in
crease. $43l. 100.
Chicago Northwestern has declared
the regular quarterly dividend OF per
cent on the preferred. and 3-4 per cent
on the common stock. both payable July
/ to stock Of record June ].
Harold S. Vanderbilt. was elected
member OF the board.
Kings County Electric Light q Power
has declared the regular quarterly divi-
dend OF per cent. payable June !. to
stock OF record May q.
Readings anthracite tonnage in April
was l.1S5.929 tons, as compared with l.
lso.lli tons in April. 1913
FIotation Of securities in April is csti-
mated at S262. coo. an increase Of $685.
9i7.o10 over the same month OF 1913
Since January the output of bonds
stocks. and notes has aggregated s763,
7ll.CCC. an increase OF Sll9. $500.
The greatest cut in dividends ever
known took place last year when the
Colonial Diamond Mining Company. of
German Southwest Africa. reduced its
annual rate from 3S1 per cent. in 1912. tn
a5oO per cent. In 1910 the company paid
:. 100 per cent. and in 1911. 800 per cent.
Thus in four years, the company paid
out 1890 per cent I'm dividends.
Stockholders OF the company are not
losing hope. however. over the reduction.
as they have every reason to believe that
as soon as the world gets prosperous
again the regular rate Of $3.50 per cent
will be resumed.
c. 5. W. Packard. president of Pennsyl-
vania Company, has been appointed re-
ceiver of Cramp. Mitchell & Co, mem
bers of Philadelphia Stock Exchange.
The bond was $3GOOO In the appliCa-
ton the assets are stated at $4,000 and
liabilities S3.6OO.ON0.
II is understood that the firm was tied
up with some securities which were not
readily salable at this time. The mem
bers of the firm are Theodore W. Cramp
and Howard f. Mitchell, the latter being
the board member
II is estimated that equipment com
panies in general are not operating at
more than % per cent of capacity. com
pared with about twice that figure a
year ago. The first six months Of last
to orders taken in the first three months,
and in the latter part of 1912 Practically
every maker Of equipment began the
current calendar year with less than half
the total orders on its books that il had
at the same time in 1913. and since the
first Of January orders have shown 4
decline instead Of an Increase With
the decline in orders has come the drop
in prices. so that the profit on cars
built a present is considerably less than
those built last year.
What purpOrtS to be the largest freight
boat in the world is now under con-
struCtiOn for the Canadian steamship
Lines at Port Arthur Ontario. II will
handle CarEOes OF grain from the upper
lakes to the lower ports and has a ca
pacity Of twenty trainloads of thirty cars
each. The actual room for cargo will
accommodate IS. 60 bushels Of oats The
steamer carries a crew OF thirty-one men
and has every facility for quick loading
and unloading. Cargo space is divided
int" fifteen water-tiGht Compartments
Steering appliances are geared in dup
licate. and the whole equipment is made
to respond to the expeditions serviCa
which must be crowded into six months
Of open navigation. The lake lines are
aware of the possible competition for
Canadian wheat by way ~ Pacific ports
and the Panama canal and are prepar-
ing to meet Il.