Evening star., 1931-12-31
SOME FIRMS PAID
EXTRAS THIS YEAR
Many Others Maintained Div
idends, Despite Decline
in Business. =
BY BRADLEY w. TRENT.
ipecial Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, December 3l.-Sone
industries have been able to thrive dur
ing the depression of 1881, while others
have been compelled to record losses.
Although the same thing may not
be said of the Stock Exchange, it Is
a noteworthy fact that there are more
dividend-paying stocks listed on the
Curb Exchange today than there were
a year ago. An analysis of the dividend
payers, made today discloseS what
branches of industry have been in some
degree depression proof" during the
past year.
Some Paid Extras.
The actual number Of dividend pay
ers listed on the curb today Is 1,505,
compared with ,465 on December 80,
1890 This increase was made despite
the numerous dividend omissions during
1931-far more stocks omitted pay
ments this year than last year-and La
die to the fact that new listings in
1881 were largely of paying" shares.
In addition, about 30 corporations
whose shares are dealt in on the curb
announced extra dividends.
Some induStrials reaped additional
profits largely because Of forces looSed by
the depression. Among the corporations
in this classification we're: HaZel-Atlas
Glass Corporation, which declared four
extras as the demand from home can
ners sent the glass jar output rocket
ing, EmerSon'S Bromo SeltZer, makers
of headache cures, who were able to
pay several extras, and manufacturers
of paint, such as Sherwin Williams
and Parker RuStproof
The gold mines also were prominent
in the group of depression benefciaries,
Teck Hughes, Lake Shore Mines and
Wright -HargreaveS paying extras. These
shares were in marked contrast to cop
per lead, zinc and silver shares, though
Bunker Hill-Sullivan paid an extra that
was ordered distributed late in 1880.
Automotive accessory companies were
fairly liberal firms. Upgrade Sylvania,
General Tire & Rubber, which did a
sizable replacement business, and Per-
feet Circle Co. declared extras.
Numerous electrical companies and
utility concerns, or investment trusts
whose portfolios consisted largely Of
power and light securities, paid extras.
This group includes Hartford Electric
Light, National Public Service, Holyoke
Water Power, Railway & Light Securi-
ties, Associated Telephone Telegraph,
American Electric Securities, Packard
Electric, Stromberg- Carlson Telephone,
Philadelphia Co. Telephone Bond and
Share and Gray Telephone Pay Station.
Food Group.
Food distributors and manufacturers
are prominent in the list of extra divi-
dend payers. Among them are Mead,
johnson & Co., makers of infant foods;
Quaker Oats Swift International WEIGH
Grape Juice and Great Atlantic & Pa
cific Tea.
Chemical companies, partly because of
new products, also tried to fill their
shareholders purses. This division in
cludeS Parke, Davis & Co. Norwich
Pharmacal Co. and Chesebrough Man
ufacturing, which also is classified as
belonging to the petroleum industry as
most of its products have a petroleum
base.
In the miscellaneous list are such
companies as Pittsburgh Foundry,
MapeS Consolidated, makers of packing
cases. especially for eggs; Great Lakes
Dredge & Dock, international Safety
RazGr, Employers Reinsurance Co.,
Lanston Monotype Machine, Union
Metal Manufacturing Co. and W. A.
Sheaffer Pen Co.
StockyardS Shares also came in fer
some extra distributions, notably Gin
cinnati Union Stockyards and General
Stockyards. A few textile concerns, like
Federal Knitting Mills, paid extras.
Copyright. 1917