The Birmingham age-herald., 1924-07-20

The, class of capital stock. 7 < {, ,.1.,,. H Of, 54 railroads figuring in the table 10 are paying no dividends. Nine other Railroads are yielding returns to ofly
 sheir preferred stockholders. Both 8ommon and preferred dividends are *aid by 115 companies while the other
 kine have. only one class of stock. \, There is now, some talk of mild nn- here and there. The nun Fer of empty pay envelopes, however, is Empty dividend envelopes. In other words. while there is very little labor koing- without wages, a great deal of Capital is not earning any wages at bresent. @4 t.t .s5,s q Wall street was surprised that the Van1 Sweringens did not show their
 land in Pere Marquette at this weeks
 neeting of Pere Marquette officials.
 Wall Street might as well learn lnow-not
 10 expect the Van Swerigens to rush
 nto print with their plans and perform.
 nces. They prefer to let their acts
 alk for them. <..,. : ,.,. ,.- :,
 Bankers can make losses AS we'll as
 profits. These are particularly lean
 hays for financial institutions. Wonh kou7 believe that of the five largest banks in New York City, three of, them Buffered heavy loss of profit and re Nerve during the last three months! Irhe Chase National bank, makes the best showing, with an addition Of $1,. 27S,656 to it's profits and reserves. j.,
 The National City Bank also was Abfe to come through, the period with kood profit, its addition to profits and Reserves being within few dollars of
 SEO0,0 * .t.t.a The only national bank among the live Mrgest institutions to show a de
 crease in, profits and reserves. is the
 National Bank. of Commerce. It went heafly a million dollars behind-9S3,- |272, to be exact. The, bank, however, has nearly twenty million dollars of profits and reserves left. ;..,'.}'
 A lot of people imagine that a sure way to fortune is to start bank. There have been more failures among banks throughout the country during khe last two years than. in most lines of business. Not a few banks ant Ekrust companies, launched in New York ana ctaer leading cities, never get sanys where. Excessively poor interest rates obtainable on money are making itedlf- |iicuitx for. even ably-managed city banks to, earn a reasonable. return on their investment. ., :;,.
 Don't imagine, that yours is the only tine of work which has its troubles. '
 After suffering for fifty years, the south is now coming to the front and is both accumulating and attracting capital observed A. c. Beane, head Of Eenner & .Beane, members. of the New York Stock and Cotton Exchanges, who have the largest private wire system in the south. '"The people of the south need to, be warned, however, not to- put too much of their capital into real es- tate or other non-liquid investments. They must learn to look, beyond their own immediate localities and to take the of putting part of their capIs tai into stocks and. bonds or eommodi- ties which can be. marketed, at any mo-
 MI. Beane continued: "There is, not able improvement in grain prices which gives the country. the. soundest funda, mental. conditions it has ever known. 1t was the one big thing needed. This. with the enormous amount Of money available for use at unusually low rates, cannot fail, in my opinion, to bring about distinctly prosperous times by the final quarter of this year.
 : 'Nine Cotton Mills Organized In Texas In Six Months reads, big headline in a Texas business periodical. Fort, Worth has a, Q0O-spindle mill under construction, financed, partly by New England capital. :. -e' ',,-e i,
 Whenever new star appears on the horizon, he is sought after by various Sirectorates, railroads or industriaLl or
 mining, or financial, depending upon the star and his affiliations. S. Parker Gilbert who earned a brilliant reputa- tion in the treasury department at Washington, rising to be Secretary AIellons' right hand man, recently came to New York as a member of the firm rf Crayath, Henderson & DeGersdorff, to succeed Russell c. Leffingwell, who was taken into the firm of J. F, Mor- gan 6 O., as a partner. Mir. Gilbert was promptly sized up by different cor porations as the right type. to sit on their directorate. Already Mir. Gilbert has been elcted. to oneaore two important boards, including one of the largest ih- surance companies in the country. The most. influential director in. America to- day probably is George F. aksr. Al though he is well over eighty himself : i understand he is practically partial | Nk,le 4SaH,-