Evening star., 1924-12-24
STOCK DIVIDENDS: !.
COS 4,
co. To THOUSANDS:
More Than 400 Suh1 1sraa.ys:S:: e: ).
ments Announced sGlgggeess. IA =, :; {;
~, .t'stTsE
November 5s.s 1.sI az az.
By the Associated Press.

bg tRe Associated FrcsS. 81. 81 ESs ;DSIR .
NEW YORK. Decemberog4 sLTaa.ft
sands Of stockholders, some OF yhnn
have been waiting patisht1y .YnSr IN
years, yesterday -receiyeas aB0tl doe oil.
dividend resumption, orsexera adiS4-'
dends, totaling nearly 81, ,0o0. o0T hrffiga
ing the total number of'brch Hay.
ments announced Throughout +tht
country since November. { above The
400 mark and the aggregate sumige -
volved into hundreds h!hihg6asESf
dollars. - -4Hf F.n "a
The biggest surprise of +Aeadas 49, ~
the resumption OF .payFe4nts,,t-st -st$-
pended since last FebruaF:y,I by the
Anaconda Copper Mining .Ce-s sdaEec-
tors OF which authorized a payment Of
40 cents share, or a total Of $780,
600 on the outstanding common stock.
Anpouncement Of the directors action
was followed by an advance OF more
than points to 441z, a new high
for the year, in the Anacond stock on
the New York Stock Exchange
The American Can Co. which pays
> per cent regularly. declared an
extra dividend Of 81, an extra of 81
having been declared last February.
yesterdays extra distribution adds
nearly SS25, 900 to the total amount OF
the stockholders checks. Apparently.
the speculative element in the stock
exchange had expected a large melon
because the stock broke more than
points after the directors action
had become known.
First I'm Nine Years.
Lord & Taylor stockholders, who
had not received dividend since
1914, were notified of q resumption
of payments by the declaration Of
a dividend Of $3.50 on the common
- IL
Western Railway, which is controlled
by the New Haven, announced a div1-
dend OF per cent, the first since 1921.
The Arundel Corporation declared an
extra dividend OF 81 on its comm on
stock and the Lowell Electric Light
Co. announced an extra OF as cents q
share. An extra Of so cents was an
nounced by the Electric Light and
Power Co. OF the Arlington and Rock
land Railroad.
Some OF the most important dtyi-
dend Disbursements of recent months
have been by the Southwestern roads
in celebration Of their financial re-
Mobilization. Dividend inaugurations
have been announced within the last
few months on Texas and Pacific
common, Missouri i-Kansas-Texas pre-
ferred and St. Louis-San Francisco
common and preferred.
The return OF prosperity TO many
industrial concerns also has been
heralded by dividend resumption or
melon cuttings. the list including
such widely diversified companies as
the American Screw Co, the Mccall
Corporation, Elgin National watch
Royal Baking Powder, American Cy-
anamid. Electric Storage Battery,
Fleischmann Co, General Railway
Signal, Hawaiian Pineapple. Hercules
Powder, Household Products, Motor
Wheel Corporation, American Piano,
American Snuff, Armstrong Cork.
Commercial Solventa, Bucyrus Co,
International Silver, Otis Elevator
and Lehigh and Wilkes-Barre Coal.
Developments i'm store.
Important dividend developments
also are in store for early next year,
early action being expected on the
preferred stocks of the Missouri Pa
cific and Wabash Railroad and
number of the copper and oil cern-
panies Wall Street also is looking
forward to some big stock DIVIDENDS
through the capitalization Of surplus
by some Of the larger industrial COM
panies.
The Metropolitan Life Insurance
Co. announced last night that divi-
dend declarations, payable next year,
will amount to sS&,5e0.00o, of which
sI2,77s.oee has been apportioned 10
the Industrial department In adj
tfon to the $1,000, 600 already declared
in the ordinary department payable
next year, the directors voted yester-
day to set aside s2,60e,eo0 as diVi-
dends and sl2,7eo,Q00 for reserve
to cover dividends which will be pass-
ed on at the next meeting.
One of the most interesting Yea
! lures Of the dividends in the ordinary
department is the sum or S2.loo,eoo
to wipe out ali liens placed on poll
! cies of the Pittsburgh Life Co. which
the METROPOLITAN assumed few years
ago, and returning TO policy holders
, in cash, who paid cash, rather than
agree to liens at the time OF the as
sumption, and the restoring OF full
| value to holders of natured endow-
-ments and annuities in Pittseursh
Life.