New-York tribune., 1922-12-06
err
Declares 25%
StOckDividend
Management Believes That
the Present Cash Distri-
button of 10 Per Cent
Can Be Continue e d
Resumption by KennecOtt
Consol. Gas Stockholders
Approve Capital Increase;
VIM. Wrigley Jr. Melon

Declaration yesterday By the stude.
baker Corporation OF stock dividend
Of rs per cent on the common stock,
payable December % 20 stock Of
record December 10, was accompanied
by n statement Issued from tho d.
roctors' meeting 20 the effect that "the
earnings Of the cooperation and ita
prospects are such that the manage
ment believes the present rate Of 10
per cent dividends on the common
Will be continued on the new eapitali-
zation."
The corporation has outstanding
$50 900 900 common stock and the Si5,-
000, 900 to be issued will exhaust the
authorization. The purpose Of the
declaration was explained as the eapi-
tAliIation Of net earnings which have
been permanently invested In plants,
equipment. inventories, etc, 20 provids
for the constant growth and develop
meht Of the business.
Second IN interest 20 Studebaker's
action was the resumption Of dividends
by tho Kennccott Copper Corporation,
which declared quarterly dividend Of
75 cents a share payable January rs 70
stock Of record December %. Dividends
were discontinued following tho
declaration Of 30 cents IN December.
1920. The company issued q statement
explaining that company had sold up
It's entire production for the past year.
LirTett & Meyers Meeting
The call has gone out for n special
meeting on January s Of the stock
holders Of Llggett a Meyers Tobacco
Conpany 20 vote on = proposal % In
crease the authorized capital stock
from s6B, ,7B2, 700 20 tl00,000.00O through
the creation Of f11 $4,000 additional
7 per cent preferred stock, and OF
s22, 1857. 400 additional elass b non-vot-
ing common stock.
Stockholders Of the Bowman Hotel
Corporation will hold q special meet
ing December 10 10 vote on an In
crease Of capital from g2.b00.0O0 20
SO. 500, 600, made up of S2,bOo,OOO pre-
ferred stock and t4,00O,000 common.
The +. !. du Pont dc Nemeurs Com
pAny yesterday declared q per cent
common stock dividend.
Stockholders Of the Standard OIL
Company Of California approved an In
crease IN capital from Sli5,000,Oo0 %
$3.50 600 900, following which directors
declared 100 per cent stock dividend,
payable December 80 TO stockholders CT
record December 9.
Directors Of the Standard Oil Com
pany Of Kansas declared a 800 per cent
stock dividend, payable December 30,
70 stockholders OF record December 10.
Directors Of the Vacuum OIL Com
pany yesterday declared a 800 per cent
stock dividend payable December 30 70
stockholders Of record December IL
in proportion Of twelve new shares q
sos par value for each share OF 800
par value now held.
wrirley Stock Dividend
The William wrigley Jr. Company
declared a 10 per cent stock dividend
on the common stock, payable Deem
Der 80, 10 stockholders Of record De-
cember 20.
The Ford Motor Car Company yes
terday announced an extra dividend Of
Q per cent on investment certificates
for the semi-annual period ended De-
cember 81, making the return ~ per
cent for the year, the same as IN 1921.
Stockholders Of the Merchants and
Miners Transportation Company yes
terdsv approved an increase in capital
from 100000 TO s4,Oso,0o0, The new
shares 10 be offered 70 stockholders at
800 par.
Stockholders Of the Consolidated Gas
Company yesterday voted the proposed
change In capitalization from fl25.000,-
600 capital stock, par value 500. 10
q. .OOo, 900 shares Of common stock Cf no
ppar value.