The Birmingham age-herald., 1924-02-01
BOTH DIVIDENDS
 AND WAGES RISE.
Railmen Get Increase And ( Miners To Demand One-In-
 vestors Lucky In 1923
sy ,. c. FORBES

The year mas alreaoy prouBHs ou vances both in wages and in dividends. Certain classes of railway employees passenger service, freight service, yard service hostler service men-of the New York Central have just been granted five per cent increase in pay and the expectation is that similar increases will follow on other systems. Look ing ahead, the country will short ly be confronted by e wage tussie between soft coal miners and man agers. Seeing that the anthracite miners got a ten per cent increase, the expectation is that the bituminous workers will also be granted some thing. whether 1924 will bring many more wage advances remains to be seen.
 Many investors have had the wages of their capital increased during the last nine months. A rising tide of divi- dend increases set in last spring and has continued ever since. From June until the end of Decem- Der no fewer than 451 industrial com : panies and fifty.seven railroads took favorable dividend action. - January has brought additional largesse for owners of stocks. The ta- bles compiled for this column show that three railroads and seventy-five indus trial companies improved their treat . The demand for prompt reports from corporations Is bearing fruit. Already . number of heads of important com panies have issued preliminary state ments of earnings covering 1928. Not so long ago 1t was customary to make stockholders and the public wait months and months for annual fig ures. >
 Returns thus far available justify ex- pectations that the stream of increased dividends will not dry up immediately. Notwithstanding widespread complain that margins of profit are extremely narrow, the net results achieved by companies have been very satisfactory. The following tables give details of the January favorable dividend action taken by boards of directors;
 Industrials, Extra Dividends
 Canadian Explosive Limited, per cent. Canton company of Baltimore, s1. Corn Products Refining company, x off per cent.
 Creamery Package Manufacturing company, 50 cents.
 Cuban Telephone company. 1s per cent.
 Detroit Motor Bus company. per Ely & walker Dry Goods company. Falcon Steel company. 4 of per cent.
 >Landers, Frary &, Clark. per cent. . Rice, Stix, Dry Goods company, 3per cent.
 Eagle Lock company, 2M per cent. United Profit Sharing Corporation, 25 per cent. A r1rN
 Burns Bros., 50 cents.
 Eastman Kodak company, 8 per cent. Pierce, Butler & Pierce Manufactur- ing company, per cent.
 Salt Creek Producers Corporation, 2h Great Lakes Dredge and Dock com pany, 2 per cent.
 Franklin company, $4.
 Sherwin Williams company, 12M nis United States Steel Corporation. 50 . Imperial Tobacco company of Great Britain, 50 cents.
 Hubbard, Spencer & Bartlett company, United Engineering and Foundry company, per cent.
 Lucky Tiger, Combination Gold Min ing company. 9 cents. Oneida Community. 4h cents. : 1Scotten-Dillon company, per cent.
 Initial Dividends ., kresse Sa Department Stores preferred. Motor Products Corporation preferred. $1.00.
 Mountain States Power company. s1. Rockland and RoclSport Lime Cor poration, 1h per cent.
 Universal Pipe and Radiator com pany. per cent; cumulative preferred, IA per cent.
 Eastern Steamship Lines preferred, ie71z cents.
 Savannah Sugar Refining Corpora Bedding Corticelli, Ltd, 2 per cent. Commonwealth Power Corporation, $1.00.
 Fain Knitting Mills, Inc, Corporation preferred, 8 per cent.
 Stock Dividends
 American Milling company. 50 per cent. Jordan Motor Car, 500 per cent.
 American Light and Traction com pany preferred, per cent.
 E. E. and Cady. 80 per cent. Continental Can c. per cent. Crompton 6 Knowles Loom Works, 60 per cent.
 Gillette Safety Razor, 50 per cent.
 Purina company, 25 per cent.
 Special Dividends
 Philadelphia Camden Ferry com pany, 10 per cent.
 Alaska Packers association, $2oO.
 Interim Dividend
 Royal Dutch company, SIPS.
 Transportation Companies
 Louisville. Henderson G St, Louis sailway-initial division, per cent: cumulative, per cent.
 West Penn company increased divi- dend from cents to 10 cents.
 Madison Cwis) Railway preferred. extra dividend. 1 per cent.
 The indications are that business con- ditions will improve by more generous eE@Houtions by many companies.-