The Brunswick news., 1922-11-30
DECLARES LARGE
DIVIDEND ON ITS
COMMON STOCK
Atlantic Refining Company at
Stockholders Meeting Cuts
Big Melon.
MEETING IN PHILADELPHIA
ON TUESDAY, NOV 18TH
The Divident Was Equal to 900
Per Cent of the Issued and
Outstanding Common Stock;
Has Large Plant in This City.


The Atlantic Refining company,
with headquarters in Philadelphia and
with an immense refining plant in
this city, at meeting Of its stock
holders held in its general offices
In the PENNSYLVANIA city Wednesday
declared common stock diSident
representing nine aundred per cent
Of the issued and outstanding COM
mos stock. TO holders N the shares
OF recnrd @ssAmber !
Since u - has local end,
operatingl ddoes, one Of the largest
oil refining plants in the south, this
information 1ilI be of vital as well
as pleasing interest to the city,
As stated above, the Atlantic Re-
fining company has large plant in
Brunswick and it has recently added
unit to its already large operating
department here For the past few
months it has enjoyed large busi-
ness and its output has been larger
than at any time since it began bust
ness here
The story in full is told in the
New York World Of Wednesday and
is as follows
Thanksgiving week started off yes
terday with two more big Nock deal
ons This time the AtlafI Iic Rein
ing company, one OF the Standard
Oil subsidiaries held directors
meeting in Philadelphia and declared
a common stock dividend, repres emit
ing 900 per cent of the issued and
outstanding common stock to hold
ers Of the shares of record Dec. IL.
This was by far the largest of the
recent melons and compares with 400
per cent by the Standard OIL Of New
Jersey and an equal amount by the
Borne -Scrymsen company, both Of
which are subsidiaries Of the big COM
panIes, with their headkuarters at
No. 26 Broadway The dividend Jus
declared by the ATLANTIC Refining
overtops any OF the fifty other corpo-
rations that have distributed largest
within the last month
After the meeting OF the directors
they sent out notice to the effec'
that the initial quarterly payment
about March Is next on the then out
standing $50, 900 900 stock will be s.
a share. The new certificates are $10o
par and will be mailed Dec. 20 or soon
thereafter and fractional sharehold.
Eoo1s qua al elsdlo!lIsd ugM $40
AiVtnnnn ItsI l1, On VkrNTNnrkinVt n 4 10
holders Of the full share. 1t will not
be necessary for purposes Of partici-
mating IN this stock dividend to sur
render the Present outstanding
stock certificate.
AT present the company has $780,
000,00 authorized per cent Pre-
ferred stock 800 par. outstanding
and $5,0O0,00O common out of an
authorized Issue OF $50,OOO, 900 Ac.
ton OF the directors yesterday means
the taking up Of this unissued AMOUNT
and it Will be the basis OF the 900 per
cent declaration At present the COM
pany pays per cent on the preferred
payable quarterly. The common has
been paving 20 per cent per annum
payable in quarterly installments
Since the segregation, the company
has paid 7 per cent in 1920-21 ON the
preferred and per cent on the COM
mon in 1914, 20 per cent in l9l5-19
and 90 per cert in 1920,2i :
AT its Organization the company
had only one class of capital stock,
amounting to 100000. This was In
creased in May, 1892, to 81, 900 900
and Oct. 6. 1919 to $50 1000 900. and