New-York tribune., 1922-11-28
Atlantic Refirl' q
Declares 9OOM
Stock Dividend
10 Raise Outstanding Com.
mon From $5, 900, 900
TO $4,000, GOO; viii
Double Cash Payment
1000 by S. o. of Indiana
Coca Cola Company Ad-
vances the Annual Distri-
button From 81 to $6

Two more former Standard Oil sub
salaries yesterday announced stock
dividend declarations. and several other
concerns took action toward increasing
their share capital, which is believed
to be the forerunner of special distri-
buttons to stockholders. Cash dividend
increases also were announced.
Directors of the Atlantic Refining
Company, meeting In Philadelphia, de-
ciared common stock dividend of 600
per cent, payable to stockholders of
record December IL. TIE present
amount of common stock outstanding
is $4,000, 900, SO that the stock dividend
will raise the total to $50,000,00 the
total authorized.
A special meeting of stockh olders Of
the Standard Oil Company of Indiana
has been called at Whiting, Ind, for
December 81 for the purpose of in
creasing the capital stock from $780,
100000 of $25 par value to $3.50, 900 900
After the increase has been approved
it is proposed to issue stock dividend
of 100 per cent, payable to holders of
record December %.
To Increase Rate
A notice sent out by the Atlantic Re-
firing Company stated it is expected
that an initial quarterly dividend of 81
share will be payable about March 10
on the capital stock then outstanding.
The regular annual dividend rate is
now 20 per cent, payable in quarterly
installments of 5 per cent. The stock
dividend does not provide for any
change in the par value Of the com
pany's shares. The new certificates are
expected to be mailed on or about De-
cember 20. Fractional shareholders
will participate in the stock dividend
in the same proportion as the holders
of the full shares.
By payment of 81 a share on the
total authorized stock, stockholders
will receive total dividends of $4,000
600 a year, compared with $1,000,00
under the $40 annual rate on the
S5,000,000 now outstanding.
Directors of the Coca Cola Company,
meeting yesterday at Atlanta, Ca, de-
clared quarterly dividend of $3.50 a
share on the common stock, payable
January 2 to stockh olders of record
December 15. This Is at the rate o.
Sc a year, compared with 81 share,
the current rate, and is the highest
rate yet declared by the corporation,
Announcement was made yesterday
that special meeting of stockholders
Oh CQe All-hInerlCa SaDteS Company mas
been called for December l6 to author
ize an increase in the capital stock
from $25oo0,oO0 to s40,oO0,000.
Jacob Rupert Stock Increase
The consent of stockholders OF the
Jacob Rupert Corporation was filed in
the New York County Clerks Office for
an increase in the capital from 100000
to SIS 100000. This action was believed
to have been taken in anticipation of a
large stock dividend.
Stockholders Of the Northwestern
Yeast Company will hold a special
meeting on December II to authorize
an increase in the capital stock from
s3 ,O00 900 to 100000 in order to de-
clare stock dividend of 100 per cent.
Managers Of the Adams Express Com
pany yesterday announced the resump-
ton Of dividend payments at an annual
rate of Sd share with the declaration
of quarterly payment of 81 share
out of accumulated surplus, payable
December 80. This is the first dividend
by the company since December, 1917,
VIXEN 81 share was paid.