New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-09
Relevant
Information

Union Pacific Union Pacific
Railroad yesterday declared an extra
dividend of one-half of ] per cent on
its common stock, in addition to the
regular quarterly disbursement OF
per cent OF the common and the reg
ular semi-annual dividend of per cent
on the preferred. This action practl-
cally places the common stock on an
annual basis Of 10 per cent. ms IS
the second extra dividend declared on
the stock recently. On December Il
the directors voted an extra disburse-
ment of 9 per cent. For the last SIX
months of 1916 the Union Pacific sys-
tenn reported gross revenues OF Ho-'-
zoe. 900. against s5i 100000 in the cor
responding period of 1915, and s26'-
400. 900 of operating income, against
s22,1O0,000 for the corresponding half
year. These earnings were at a rate
of more than 10 per cent for the six
months, or at an annual rate of APP
proximately 20 per cent.
St. Louis & San Francisco.-rhe St.
Louis G. San Francisco Railway Com
many has declared the six months IN
terest TO December 81 on the cumu-
lative adjustment bonds. Payment will
be made April /. The net income
available for the payment of this in
terest was S4,215,66O. The 3 per cent
disbursement will require about ST.
10000, leaving q balance Of $685.
GO applicable to interest on the in
come bonds.
S. S. Kresge.-The report of the S.
s. Kresge Company for the year ended
December 81. 1916, the last nine
months Of which cover operations OF
the reorganized corporation. shows not
profits available for dividends Of So
129,34S. compared with sl,293,2l9 re-
ported by the old company for 1915.
The net surplus amounts to sl,404,126,
which compares with accumulated sur
plus of $3.50 ,5s3, held by the old cor
poration at the end OF 1915. The
balance sheet as Of December 81 last
shows current assets Of $4,sS7 ,525,
against s3,345,594
International Paper.-A special meet
ing of stockt olders of the international
Paper Company will be held March 10
to vote on the new financial reorgan-
izaton plan Of the company. Large
deposits of preferred stock have al
ready been made with the Guaranty
Trust Company. as well as a large
amount of the bonds in exchange for
the new Is, and the company has made
application TO list 500, 4O6,7OO preferred
rights.
Adams Express. hundred shares
Of the stock of this company were
offered for sale on the Stock Exchange
Yesterday, and the best bid that could
be obtained was 1851. decline of
14ia from the last previous sale, which
took place on January 10. The highest
price at which the stock sold last year
was Jb411, and the low was 1924; in
1906 tho stock sold at 800. The sl0,-
600 900 stock is now on a per cent
basis, The rate having been increased
from per cent on February Q, 1916.
From 1909 to 1913 the company paid
IL per cent 20 stockholders. In 1915
only per cent was distributed. Oper-
ating income Of the company for the
three months ended September 80 last
was s293,223. compared with $780,
reported for the corresponding period
of 1915.
Southern California Edison. William
r. Bonbright & Co. Inc, and G.. III
BRIGHT & Co have underwritten a new
issue OF 5000 900 Of common stock of
the company. The stock, it is said. will
be offered to the public ms soon as the
approval Of the California Railroad
hsSrbssn obtained