Evening star., 1934-12-16
DIVIDEND GAINS
SET RECORD PACE
Favorable Changes Reach
rs, Largest Total of
Depression Period.
BY the Associated Press.

By the Associated Press.
NEW YORK, December 15.-Fa-
vorable dividend changes In the last
week numbered rs and were more
numerous than in any other single
week Of the depression, according to
the Standard Statistics Co. Of New
York. Unfavorable changes totaled
IL, against in the previous week.
Details Of changes follow:
Favorable.
Increased - Aetna Casualty &
Surety. Bank of Commerce & Saw
ings Washington. Pacific Finance,
Tintic Standard Mining, Briggs g.
Stratton, Island Greek Coal, Cana
dian Gamers, Carolina Power &
Light 81 pfd, Carolina Power &
Light $6 pfd., First & Merchants
National Bank (Richmond). Gin
cinnati Union Stock Yards.
acknowledgement Valve Mfg,
City Auto Stamping. Florsheim Shoe
class A. Florsheim Shoe class B, Irv-
ing Air Chute, Sangamo Electric z
per cent pfd, Spang Chalfant 81 Co.,
Occidental Petroleum, Virginian
Railway, Wehle Brewing. Western
Pipe g. Steel, Evans Products, Pie
Bakeries, Food Machinery, Wiebolt
Stores.
Extra-Aetna Casualty & Surety,
Aetna Life Insurance, Ambassador
Petroleum, Bandini Petroleum, CHEESE
brough Mfg, El Dorado Oil Works,
Chicago Mail Order, Ferro Enamel,
Hercules Motor, International But
ton Hole Machine, Singer Mfg,
Weeden g. Co., Building Products class
A, Building Products class B. Con-
solidated Mining & Smelling Of
Canada, Loews, Merchants Bank of
New York, MunSey Trust Co. (Wash-
ington). Petroleum Exploration, Acme
Steel, Albany & Susquehanna r. R.,
Atlantic National Bank Jackson
ville), Bon-Ami class A, Bon-Ami
class B, Canadian Gamers Cow.
pfd., Cream Of Wheat. Harbauer Co.,
Third National Bank (Nashville), /,
Bickfords, Bloch Bros. Tobacco, Co.
lonial Trust Co. waterbury,, Inde-
pendent Pneumatic Tool, Interco-
lonial Coal, United Loan Industrial
Bank, Day Trust Co. (Boston) :,
el-wemmer- Gilbert, Ideal Ce-
ment, Loomis Sayles Mutual Fund,
Trust Co. of Georgia (Atlanta).
Initial-Pilgrim Trust Co. (Boston),
Winn g. Lovett Grocery, Bank Of
Yorktown, Electrical Products Con-
solidated (Seattle), National Bank
(Detroit), Pittsburgh OIL & Gas, Pond
Greek Pocahontas, Duquesne Brew
ing. Capitol National Bank & Trust
Co. (Hartford).
Unfavorable.
Reduced-Eureka Standard Cons.
Mining, Empire Safe Deposit, Provi-
dence Gas, Real Estate Loan Of Can
ada, United Verde Exten. Mining,
Bank of the Manhattan Co.
Passed-American Superpower LIST
pfd., Charles Gurd & Co. pfd, Stand
ard Gas & Elec. 81 pr. prf., Standard
Gas & Elec. Sc pr. pfd, Standard
Power g. Light 81 cum. pfd., Chat
ham Saving g. Loan (Savannah).
November cash dividend increases
on 600 common stocks, according to
Moody's, amounted to s26,700,000.
This represents the largest gain for
q single month since that realized in
November, 1888. Since the low point
of June 80, 1888, cash dividends on
these stocks have increased by $780,
000. 900.
Some writer's have gone 50 far as
to attribute the numerous recent
declarations of extras to q conscious
effort to reduce surplus. to escape
taxes on surplus.
These extras are being earned in
the great majority Of cases, and
therefore do not cause an inroad on
corporate surphases."