New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-30
Relevant
Information

Nova Scotia Steel.-This Issue ad-
vanced pa points to 146 yesterday on
dealings of 1900 shares. The stock
was admitted to dealings on the New
York Stock Exchange early this month.
The company has S7,500,000 of com
mon stock outstanding and s1,00O,OOO
of per cent cumulative preferred.
Nothing has been paid on the common
since 1914. Dividends amounting TO
II per cent we're paid on the pre-
ferred In 1915, including 10 per cent
on account of accumulated dividends.
In the year ended December 81, 1915,
the company earned at the rate of
24.22 per cent on the common shares,
compared with a deficit Of s530,l8 in
1914 and 9.22 per cent In 1913. Over
a period of ten years the company has
shown average annual earnings Of 1855
per cent on the common stock, after
allowing 8 per cent preferred div
idends. The company owns extensive
properties In Nova Scotia, holding
leases on more than ninety square
miles Of coal lands at Cape Breton,
estimated to contain about $500, o00,-
900 tons Of coal. Eighty square miles
Of iron ore lands are held In New
foundland. Other property consists Of
valuable timber lands In Nova Scotia
and Newfoundland and steamships hav-
ing an aggregate capacity of $4,000
tons.
Baltimore & Ohio.--The common
stock closed with fractional gain yes
terday on a small volume of activity.
The roads October operating state
ment issued early in the day disclosed
gain of f653I03 In gross operating
revenue over the corresponding month
of 1915, but there was a decrease Of
$780, 500 In net owing to an increase OF
S752,72S in total operating expenses.
In the four months Of the new fiscal
year beginning with July Baltimore's
gross revenues have increased s4,235,-
Gel over the same period Of 1915, while
net revenues have decreased s96,7l6.
The annual report for the fiscal year
ended June 80 last showed 1923 per
cent earned on the $751; ,94S,703 COM
mon stock outstanding, against 5.49 per
cent the year before The road Is pay
ing per cent annually in dividends
on its common and the full per cent
on the s58,S68,1s2 Of per cent non
cumulative preferred outstanding. From
1907 to 1914 8 per cent was paid on
the common.
United States Rubber.-The common
stock was one Of the strongest Of the
industrial issues yesterday, advancing
219 points to Sc. The upturn was &C
companied by a report that leading
tire manufacturers Of the country are
to make a substantial increase in au-
tomobile tire prices early next year,
probably between 10 and 20 per cent.
The last dividend on the $36,000,000
common stock outstanding was paid in
April, 1915, at the rate of per cent
year. Full dividends are being paid
on the s59,e92,1o0 of per cent non
cumulative first preferred. There is
only S45S,4o0 Of 6 per cent non-cum-
ulative second preferred outstanding.
Last year 1890 per cent was earned
on the common stock. Earnings in
the current year have been unofficially
estimated at moro than 10 per cent on
the common. 1t was announced early
this month that the rubber plantations
owned by the company in Sumatra,
Dutch West Indies are developing
rapidly. They cover an area six times
as large as the Island of Manhattan.
A total of 93,759 acres is owned, and
since July, 1910, approximately 44,227
acres have been cleared and planted
with over 100000 rubber trees. OF
these 2,592,0oO trees are now being
tapped, and the number Of producing
trees is increasing from month to
month.
December Disbursements
dividend and interest disbursements
will establish new high record for
the month. According to the compila-
ton Of the journal of Commerce"
they will reach total of sl65, 779, TAB,
which compares with S13s,4l1,s32 IN
the corresponding month of last year.
One hundred and seventy companies
will distribute among stockholders the
sum Of $40 ,273,749, an increase Of $780,
s62,l11. compared with December. 1915.
Interest payments will total s95,50O,-
900, against 90,O0O,OOO in the same
month last year. In addition to in
terest calling for $500, 900, the City
OF New York will distribute about $685.
5000, representing the paying or Of