Evening star. [volume] (Washington, D.C.) 1854-1972, 1915-09-25
NO DIVIDEND CHANGES
ARE EXPECTED IN 1876
Utility Corporations to Continue
Present Rates, It Is Believed.
80 Lanston to Resume.
Reduction in Norfolk & Washington
Steamboat Rate Was Not
Unexpected.
BY I. A. FLEMING.

Washington investors are awaiting
with considerable interest. and per-
haps more or less anxiety. for the an
nual meetings of the leading Wash
ington corporations and the informa-
ton as TO actual earnings during the
year in this city.
On the information available it is
predicted that there will be no further
reductions in dividends, no passings
nor yet increases. but that present
rates may be counted on for the fiscal
year ending June so. 1916.
There was some surprise expressed
when the directors of the Norfolk and
Washington Steamboat Company clip
ped 2 per cent off the annual dividend.
reducing it to 10 per cent, in place of
the IL per cent that the company has
so long maintained, and yet it will be
recalled. that the officials of the cor
poration prepared the way for such ac-
tion some months ago. when 1t was
predicted that unless business i'm
proves it may be necessary to reduce
the dividend
At times the business of the company
has been excellent, but tourist travel
has not been in this direction this
year. Washington has not been the
Mecca for summer visitors, and the
freight business may have suffered
from the unreasonable weather during
the summer months.
stockholders in Lanston are hoping
FOR speedy action in the matter of a
dividend. They have been without re-
turns for nearly year, and they have
been led to believe that the profits of
the corporation in sight and garnered
have been large. Lanston shareholders
take courage and not little comfort
from the strength of their shares. now
205s above the low point Of the year.
Traction shares are likely to earn
their dividends and to receive the usual
Disbursements: gas companies are sure
to continue their dividend rates, while
the banks are maintaining dividends
readily.
No Bank Closure.
Efforts have been made. led by for
mer Senator Nathan Z. Scott. president
of the Continental Trust Company, and
one or two others to obtain closure
OF the banks and trust companies of
the city during the hours of the big
Grand Army parade Wednesday.
While there are many bankers who
would welcome the opportunity to show
this tribute of regard to the q. a. X,
IT is admitted that they are not permit
ted by law to close their doors during
banking hours except on legal hoii-
days.
The Washington Stock Exchange,
holding daily sessions between IL and
! o'clock in the afternoon. las decided
TO close Wednesday.
Hereafter the usual daily cali on the
Washington exchange viii be held
Saturdays, following an adjournment
Saturdays during July, August and
September.
Financial Notes.
The investors Of tie United States
have taken close to ST .0O0. 100000 worth
of American securities from foreign
owners since the war started. This
means an exchange IF food products
for securities to a large extent
Jersey Central for the fiscal year
ended with June 80 showed a net sur
plus after all fixed charges. ETC.. OF
s2,0l9.Is2. equal to 1886 per cent on
the s27.43S,O00 of capital stock Inc
eurplus decreased si12.coo az compared
with the previous fiscal years snow
ing.
During the last fiscal year the Union
Pacific Railroad Company carried
s.s51.ae passengers. without the loss
of single life.
New York banks gained about Sll.-
100000 during the current week from
the interior--a complete reversal OF
the usual fall movement OF currency.
Clea-ings for the week ended yester-
day showed an increase of 5s.5 per cent.
returns. New York gained 80 per cent.