. The market price, surplus, net earnings, and dividends of common stocks . ly the same territory, and their policies have beensomewhat similar. New York Central has not, however, earned asmuch per share of common stock, nor declared as large dividendsas has Pennsylvania. Its dividends have been only five T>er centexcept in 1907 and 1910, in which years they were six per cent(figure 2). It is interesting to note how little the dividendsand earnings of these two roads changed in 1907, although thePanic caused a great drop in their prices. Earnings of New YorkCentral do not show the margin ov
. The market price, surplus, net earnings, and dividends of common stocks . ly the same territory, and their policies have beensomewhat similar. New York Central has not, however, earned asmuch per share of common stock, nor declared as large dividendsas has Pennsylvania. Its dividends have been only five T>er centexcept in 1907 and 1910, in which years they were six per cent(figure 2). It is interesting to note how little the dividendsand earnings of these two roads changed in 1907, although thePanic caused a great drop in their prices. Earnings of New YorkCentral do not show the margin over dividends that is shown bythose of Pennsylvania. At no time have they been more than twoand one-fourth per cent above dividends, and during one year theynearly coincided. Furthermore, the surplus of New York Centralhas not grown. The road has not been financed by straight linemethods to the extent of Pennsylvania. The price of New YorkCentral has fluctuated rather widely. One sees a rather closecorrespondence to a drop in earnings and dividends in 1908, and coo 00 130. 80 AO TO Go - O SO 40 20
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Keywords: ., bookcentury1900, bookdecade1910, bookidmarketp, booksubjecttheses
