Evening journal., 1919-07-26
S325,72I CHARTER
FEES IN 6 MONTHS
Continued from First Page.
against 2,579 flled I'm 1918.

against 2,579 nled I'm 1918.
The capitalization OF The companies
nled during the past six months has also
gone far beyond expectations.
In 1917 the capitalization OF charters
filed during that year reached the four
billion mark. In 1918, when there was
a falling of OF charters, 70 barely
reached the three billion marx. 4 con-
seryatiye estimate for the past six
months, capitalization is hved at from
eight to ten billion dollars.
The month OF June past, was the
record month for large charters and
certificates Of increase, although not the
largest month as 20 number OF charters
filed, During the month Of June there
wre $50 charters filed, while in the
month of May there were 39s charters
illed
Some OF the large charters filed dur
ing ihhe month OF June were as follows ::
dupont Securities Company, capital
ization, s25O,O00,0O0; United Retail Stores
Corporation, si26,0OO,OO0; Transcontin-
entail Oh Company, s2O0,OO0,OO0; Simms
Petroleum Company, sJ0O00OO0: Allied
Packers Incorporated, S70,OOOOO0; South
western Industries Company. s50OOO,-
900; Wolvin Line Company, S3OOO0OOO;I Il
Lake Erie Bolt and Nut Co, S275OO,0OO; :;
Arsenic Jose Froes & Co., Inc, s26 400
600 In addition TO the above there
were also t03 charters with a capitallzl-
tl0n OF one TO fifteen million dollars
each. Besides these new charters the
certificates Of increase in capital stock
during June far exceeded anything
known at the State Department among
which were the following:
General Motors Corporation. increase
from s370O00,OOO 10 81 .O2OO 900 900. The
State tax alone on this increase amount |
ed TO $4,000; Sholan Company, Inc, !
change OF name to Sinclair Consolidated !
Oll Corporation, and increasing from |
slWOOO,OOO TO S5O00O0,000; Detroit Mort |
gage Company from s5.0OOOOO 10 S2s,-
10000; Southern on &T transport Cor
poraiion from S20O00,O0O 10 S25 ZOO 900;
the Root and VenDerroOt Corporation.
from Si,000000 to Si0,0OOOOO: Charles
+. Noble oil & Gas Co., from si,OOOOOO
TO Si0O0O,OOO.
The month Of May was a close second
to June in the filing Of charters with
large capitalization, among which were
The following: Sholan Co.. Inc, $780,
10000; Shaffer Oil and Refining Co.,
sio0,00O0O0; White Eagle oil and Renn-
ing Co, S32,0000O0; Black Hawk Petrol
3um NO., Of Delaware, S2i 100000; Iron
Products Corporation, sl8,OOOOOO: Mike
Henry Consolidated, Inc, Sl5OOO.OOO.
There were also ii5 companies with
from one TO fourteen mil
ion dollars each. There was also a ,
certificate 20 increase during the
month Of May Of the Old Securities ,
corporation OF Detroit. Michigan, from !
j0,OO0,0O0 TO S275.OOOOOO.
Other large corporations filed during
he six months past included Mother
lode Coalition Mines Co. S25OOOOOOO !
reX-La lIoma oil Corporation, Si5.- I
100000: International Cement Corpora ,
ion. Si3,20OOO0; World Securities Cor
DOratiOn, s5O,OO0,OOO: Canario Copper
company, Inc, S2OOO,OOO: American !
Malt and Grain Co. s3OOO0,OOO: Persian
american Commercial Corporation,
,2OOOO,OOO.
Charters with capitalization from
me million dollars to fifteen million .
we're most frequent during all the j
months from January to June 80.
The falling off of charters in 1918 !
o a certain extent was attributed TO J.
he continuation of the war and the y
ederal tax imposed
Just what the next six months will 9
ring In the charter business is I'M q
ertain, but from the number OF char
ers so far filed in July. which is $40 I
p to yesterday. and with substantial i
apitalizations, one being the increase .
I capital OF the Food Administration :
rain Corporation from Sij0O00,OOO 10 h
l00,OO0OOO, and another, the Common
'ealth Petroleum Corporation, OF New
'Ork, from s20000,0OO to s3OO,O0OOO,
esides several charters having capital
tock ranging from si.00O0O0 t0 S5i,
10000, 10 is safe to predict that The
ecord Of the ensuing six months will
G maintained