New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-04-26
Future Is Promising
Relevant Facts

Nav Disbursements. - Dividend and
interest disbursements next month will
establish a new record for May. They
will total $l49,787,2l4. according 10
"Thc Journal of Commerce
This compares with 2S,506.22O IN the
corrosponding month of 1916. STOCK
Lolders will receive S52,s17,2lA. against
Sf4.5O6.220 a year ago. Interest pay
ments will approximate S9b,9'O'OoV'
AGAINST S8i.OO0.000 in May OF last year
The increase is largely due to ire tact
that interest on the 00,OOO,OOO Unlte9
kingdom Of Great Britain and lrelanu
So pcr cent secured gold notes OF iSi3
and 1921 calling for $8,25O,OOO Will De
Maid next month. Interest on me Guy
Of Marseilles and city OF Lyons, france
3 per cent loans is also payable IN MAY,
these disbursements involving S'ZV'UVO
i'm all. New York City Will dlstriouIy
St5 600 900 in interest and will pay OIL
St5 oOO 600. chiefly in the form of reve-
nue. bills. A summary OF May diYi-
dcnds compared with year ago 1ol-
low: ,o,e
Industrial and
mIscc | ] a ne ooo
Steam railroads.. 20,s2S,35S 2O,729,3So
Street railways. 3,71l,27S 2,945'o9Z
Sixteen companies will pay larger or
evtra dividends next month. Fourteen
companies which were either not IN eX-
istence a wear ago or which have begun
initial payments will di5burse dlvI-
bends in May.
Atchison. Topeka & Santa Fe.-The
common stock of the company az,
vanced 10 1O3 after the publication OF
the March operating statement, closing
"a up at 1925 on dealings OF 2,OOo
shares. The road showed gross OPP
Grating revenues of S13,534,lOi last
month, the largest for March IN the
history of the property and an increase
over the corresponding period OF 1910
of S2.001,314. Net operating income
after tax deductions, set new record
for the third month of the year with
total Of $4.s20,8lS, compared with go
S79,73l a year ago, an increase OF $94l,-
OS6. For the rinc months of the fiscal
wear to March 81 last the company
shows total operating income of $4O,-
6I4.745. an increase of 1921 1922 over
the corresponding period of last year.
For the twelve months ended March 81
the return on the property investment
of the Atchison was 1903 per cent, COM
pared with SCI per cent in the CORE
spending period Of 1916.
United Railroads of San Francisco
The amended plan of reorganization
las been adopted by the New York and
San Francisco committees. Under the
reimbursement the company's total capt.
talization is reduced from $84 1859, 100
to S47,011,10O. The plan provides
further for cash requirements OF S5,-
100000 to take care of underlying
bonds, for the exchange of the present
per cent bonds for new bonds, first
preferred stock and common stock; for
the retirement of outstanding notes,
preferred stock and common stock by
an issue of new second preferred and
common stok, and for salable securi-
ties to take care of future capital re-
quirements.
National Conduit and Cable.-Ar-
ticles of incorporation were filed at Al
bany by the National Conduit and
Cable Company, Inc, which recently
went through a capital readjustment.
The capital was given as S8,75O,OOO.
Cincinnati Hamilton < Dayton.-The
feature Of the usual mdweekly auction
Of securities yesterday was the sale of
a block Of S13,000,00 of the company's
first and refundILg mortgage 4 per cent
bonds for 50. 100000. The bonds formed
the collateral behind an issue of sl0,-
100000 notes purchased by the Balt
more e. Ohio and were sold to that
company under the hammer to satisfy
that obligation. The sale was by the
order of the Central Trust Company,
trustee for the bonds. and is a part of
the c., II. G. d. reorganization.
Northern Pacific.-For the six
months ended December 81, 1916. the
Northern Pacific Railway Company to-
day reported a net revenue of S21.32l,-
400. an increase of S1,476,246, and net
income of Sl5,9S0,224 an increase Of
s12lS.137. Total operating income of
sts.572SO2 increased S1,03S,992 and
gross income of 22,632,996 increased
$1,272,47S.
Corporation Returns
Colorado Power-Annual report for the
year ended December 81. 1916, compares as