The New York herald., 1922-12-02
MILLIONS IN STOCK
TO BE DISTRIBUTED
Prairie Oil and Gas and Prairie
Pipe Line to Cut 200 Per
Cent. Melons,

Directors of the Prairie OIL and Gas
Company have decided to increase its,
capital stock from s20,000,000 to $780,
100000 and to distribute the new stock
in the sorm of 200 per cent. stock
dividend. 2 The stock increase will be
voted at the annual stockholders meet
ing on December IL.
In preparation for payment of a 200
per cent. stock dividend directors or
Prairie Pipe Line Company have called
its shareholders into special meeting
on December 30 to authorize that its
capital stock be increased from $21,-
100000 to $s1, 100000.
Stockholders Of the Delaware, Lacka-
wanna and Western Coal Company VIII
meet December 18 to act on pro-
posed stock dividend of 40 per cent.
The dividend would increase the out
standing capital stock Of the coal CONT
pany by s4,613.490, making the total
$16.147.215. The company's author
ized capitalization is $20.o00.0o0 and
the present amount outstanding Is SILL,
533.725. The stock Is $50 par and the
regular 10 per cent. annual rate has
been maintained steadily since its or
ganization in 1909. Dxtra dividents
ranging from 10 to 90 per cent. have
been declared since 1913 with the cx-
i - i.
disbursements have been in cash but a
few were paid in Liberty bonds. 1he
company is purely selling organiza-
ton for the distribution of the product
mined by the Glen Alden Coal Company
Tile international Harvester Company
declared yesterday the regular uu. -
terly cash dividend OF IL per sce,r.
and the usual senn-annual stock d.,i-
dend OF 2 per cent on tho common
stock The
airy 15 and the latter on January .,
to common stockholders OF record | -
cember y. announcement was made
that further semi-annual stock di>.-
dends would be discontinued for u time
III view OF the adverse business cundi-
tions OF the last two years. which made
1t necessary to draw upon surplus for
part OF the cash dividend requirements.
Directors of the New York Plato
Glass Company have recommended
that its capital stock be Increased from
100000 to $500,000, that 500. 900 of the
new stock be distributed as 50 ia
per cent stock dividtnd; and that
100000 of the new shares be sold. A
special stockholders meeting VIII 10
held ON December 10 to vote on the
proposals.
The American Screw' Company lrns
declared stock dividend of so per
cent
The American Laundry Machinery
COMPANY has called special meeting
Of stockholders to vote an increase in
its stock from ss,Ooo.OOo to $l4.0OoOOO and
reduction OF the par value of tho
shares from 800 to SIS.
Scotten Dillon Company of Detroit
has declared a 80 1-3 per cent. stock
dividend. the regular quarterly cash
dividend OF per cent. and an extra
cash dividend Of 10 per cent.
Stockholders of the National Liberty
Insurance Company have authorized
the capital increase necessary for pay
ment of so per cent. stock dividend
on its 81. .o0o, ,00o0 stock
stockholders of Lloyds Plate Glass
Insurance Company will meet on De
cember 1S to authorize an Increase in
its capital from $4,000 to $750.000.
In preparation for q 100 stock dividend,
stockholders of the United States Cas-
ualty Company have authorized that Its
capital stock be Increased from $4,000
to 81. 900. 900.
A special meeting Of stockholders of
Tiffany Company has been called for
December 15 to vote on increasing it's
capital stock from 81, 1000 to $l6 500. 900.
Stockholders of Judson Mills. Inc. of
Greenville, s. c., will meet on Decembei
"a to increase It's capital stock from
$500 900 to $3500,000 to pay for plant con-
structions now under way.
Stockholders of the Lannet Cotton
Mills on December 2s will vote an hi.
crease of its stock from s1,0oo0oo to
100000 for the purpose of 100 per
cent. stock dividend.
The Great Western Sugar Company
has resumed payment Of cash dividends
on Its common stock through declara-
tion of a dividend Of 81 a share, payable
January to shareholders OF record De-
cember 10. The last payment was IL
per cent. paid In July. 1921. The regular
quarterly disbursement OF IL per cent
on the preferred stock also was au-
thorized.
The Victor Talking Machine Company
has declared an extra dividend of s. a
share on the common stock. payable
December 8 to stockholders Of record
December /.
The International Silver Company de-
clared dividend OF ] per cent. on ac-
count of deferred cumulative dividends
on It's preferred stock in addition to the
regular quarterly payment of 1% per
cent. on that issue. payable january
to holders of record December 10.
The Grinnell Manufacturing Company
has declared an extra dividend of per
cent. In addition TO the regular quar-
terly dividend OF III per cent, payable
December ! to stockholders Of record
November %.
The Union Natural Gas Company de-
clared 100 per cent. stock dividend
payable December 30 to holders of re-
ccrd December 15. The usual quarterly
dividend Of 9ls per cent also was au-
thorized.
a special meeting of the stockholders
OF Parke Davis & Co. has been called
for December 10 to pass upon recon-
mendations of the board OF directors
that the capital stock Of the corporation
be increased. A special cash dividend
OF 80 cents a share was declared, which
will be paid to stock of record December
o. and represents the undistributed
earnings of 1921. Brokers on the Detroit
Stock Exchange are anticipating stock
dividend Of from so to 100 per cent. out
of $12.o00,000 common stock authorized
there is about si1.s45.235 outstanding
at par value of $25.