New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12
Relevant
Information

Maxwell Motors.-Pronounce weak
ness Of the Maxwell Motor issues was
one Of the outstanding features Of tho
weeks market. The decline carried
further yesterday. when the common
stock lost points net. On total deal
ings Of $4,000 shares for the week the
common declined 1915 points 70 1874.
The first preferred fell back pa points
TO s27s and the second preferred 4
points to so. The company has $751;
500, 625 Of per cent cumulative first
preferred stock outstanding, slo,12746s
Of per cent non-cumulative second
preferred and s12,77s,05s Of common
In August the directors declared an
initial quarterly dividend OF pa per
cent on the common, putting that issue
on a 10 per cent basis. An initial DIS
bursement of per cent, payable in
four quarterly instalments, was also
announced on the second preferred and
7 per cent on the first preferred. In
1915 the company paid dividends only
on the first preferred at the full rate
OF per cent, with 1914 per cent extra
PAYABLE In non-interest bearing war
rants or, at the option Of the stock
holders, in first preferred stock at par
At the August meeting the directors
authorized the payment In cash Of the
remaining first preferred dividend war
rants outstanding. Net income IN the
year ended July 81 last amounted to
s5,42e,s9s, agains. $2SoS,slA IN 1910
An analysis Of the company's earning
mower over a period Of three'shows av-
erage annual earnings Of 1924 per cent
on the common after allowing full divi-
dends on the two preferred issues.
New York, Chicago & st. LOuis--The
Nickel Plate issues were strong All the
week. The common moved from low
Of SO to a high Of ASK and closed with
a net gain of 9A points. The second
preferred rose 81 points on tho week
TO "a. The property passed from the
control of the New York Central last
July. when Cleveland interests paid
$500. 900 for all the stock held by the
Central The Guaranty Trust Com
nanv. the Chase National Bank and the
Central Trust Company have repre-
sentatives on the new board. The
Nickel Plate closely parallels the Lake
Shore. and the new interests propose 70
electrify at once 200 miles between
Cleveland and Buffalo and the Cleve-
land-Chicago section in the next nve
wears. There are three classes OF STOCK
outstanding-s 14,OOO,OOO on common
81. oo0. 900 of first preferred per cent
non-cumulative first preferred and
eli 900 900 Of per cent non-cumuia-
tive second preferred. The first and
second preferred paid per cent divi'
dends from 1908 to 1918, inclusive IN
per cent in 1914 and none since Inc
common paid per cent from 1910 70
1912. 4 per cent in 1918 and none since
Operating income in the nine months
ended September 80 amounted 70 ~
7se.475. compared with s1,5s5,S4s IN
the corresponding period Of 1915.
Union Pacific.-Union Pacific showed
a net loss OF 2 points on the weeks
dealings of 1O5,5OO shares. Half OF
this loss was taken yesterday, when the
stock declined TO l4SA. 1t sold as high
as 1893 during the week. The extra
dividend expected in some quarters mas
90 far failed to materialize. The d.
rectors met during the week and de-
clared only the regular quarterly per
cent disbursement. Union is IN
strong position financially. In Septem-
her il was stated that the company had
q surplus of more than sl00,0OO,OOo in
vested in bonds and stocks of other
companies. In the year ended with
June 80 last 1874 per cent was earned
on the common. One-third of this came
from the company's investments. II
has been understood that the company
carried this large liquid surplus in or
der TO buy control of the Central Pa
cifc in the event that the governments
suit to take that road from the South
ern Pacific Is decided against the lat
ter.