New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-19
Relevant
Information

Standard Oil Of kentucky.-Wi a
surplus of more than 100000, the
Standard Oil Company of Kentucky
plans TO make a cash distribution of
100 per cent in the near future. In a
letter to stockholders President Col
lings says:
The board will submit proposal to
amend the articles of Incorporation so as
TO authorize the increasing of the capital
stock of the company from 100000 to
100000. Business this year has shown
very good increase in volume. and A pro-
portionatc increase in profits. BY January
!. 1917, il il estimated the company will
have n surplus of over Sf.00o000. The
board is justified IN stating that if the
proposal is acted on fayorabiy IL will be
proper in the near future 20 declare n
cash dividend Of 100 per cent and 10 allow
the stockholders the privilege pro rata to
acquire new stock at par.
The annual meeting will take place
February /. Only full share holders Of
record at the close Of business January
81 will be entitled 70 vote at the meet
ing.
Continental Can.-The common stock
of this company advanced 13s points
yesterday to 9lls on light trading. The
present price compares with a high rec
ord of 1877 made in 1915. In 1914 the
stock sold as low as 81. The high this
year was 1864, made last month. There
is SS,0O0,000 of common stock outstand-
ing and $5,l70,000 of per cent cumula-
tive preferred. The full dividends are
being paid on the preferred and 0 per
cent a year on the common. In 1915
the company earned 1906 per cent on
the common, against 1863 in 1914 and
ASS in 1913 Average annual earnings
on the common after allowing the full
rate on the preferred were 9.2l per cent
for the three years. This company ne
gotiated for certain war contracts last
year. but later announced that the ne
gotiations we're of. approximately
S20,000,000 was involved in the orders
Columbia Gas and Electric This
stock declined nearly a point TO 44s4
yesterday after selling as high as 46
Before the break in the market last
week the stock crossed 80. Columbia
Gas was listed on the Stock Exchange
in September around 80. Previous to
that il had sold in the Cincinnati mar
ket at 10, touching that level in June
last. No dividends are paid on the $780,
O0O,0 900 outstanding stock. Earnings in
the first ten months of the current
year were at an annual rate Of | SO per
cent on the common, against 0.60 per
cent actually earned in 1915. The No
vember operating statement was issued
yesterday. 1t disclosed gross earnings
Of ss24,323, an increase OF 20.4 per
cent over the corresponding month OF
last year. Net amunted to 394,l57,
an increase OF 27.7 per cent. The sur
plus of sl00,6i3 was $50 per cent ahead
of year ago.
Distribution of Profits.-The Stand
ard Screw Company declared an extra
dividend Of 20 per cent on the common
yesterday. in addition to the regular
semi-annual disbursement of per cent
The New London Northern Railroad
Company announced an extra of y per
cent besides the regular quarterly divi-
dend of pa per cent. Smart-W GODS.
Ltd. declared per cent on account OF
accumulated dividends and the regular
quarterly payment of IL. per cent or
the preferred. An extra of II, per
cent. in addition to the regular quar-
terly dividend OF , per cent. was an
rourced by the Chicago City Railway