Business & Finance: Deals & Developments

Dividends. Wrote Carlton A. Shively, financial editor of the New York Sun last week: "From a speculative standpoint, the market probably would do better if all dividends were omitted at once. Worrying about the tooth is worse than the pulling."

While prices of leading stocks last week continued to reflect worry about dividends, some notable pullings took place. American Smelting & Refining Co. passed its 7% preferred dividend for the first time since the company was formed in 1899; it also passed its 6% preferred. Borden Co....

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