New-York tribune., 1922-11-16
aere Concerns
|l.ItIeei to Stock
Dividend List
..nouncenaent Also I'm
slude Assumptions and
Initial Payments Made
4 the Shareholders
IsuI,attar, Shirt Melon
k.halte Stores TO Pay SIS
Share ON Common
;a 8 Per Cent Preferred

H sss,5esds announced in the financial
s,y,t yesterday included number
initial declarations and resump-
q as we'll as payments in stock.
So because of their number st
:! I'D more than usual interest.
sIrsesors of the Galena Signal Oil
l3s.zsanr, former Standard Oil sub
.sssy. re,:uned dividends on the CON-
q stock with a declaration of
ssnerly payment of 81 share, fol-
ssar the suspension of payments In
Ess.snaber, 1915. It was also an
ssneed that tho company had made a
$ssfacsory settlement of its claims
Hsssinst the government arising out of
sy.a,a war contracts.
In addition 60 stock dividend Of 20
Ay cent directors Of the Manhattan
Iirt Company declared a quarterly
8ssh dividend Of 75 cents share, com
ksred With the previous quarterly rate
n 50 cents a share. The stock diyi-
ksnd consisted OF a quarterly dividend
y sh per cent and an extra OF 17b
BIZ stent. ALI the dividenda are pay
BAls December to stockholders Of rec
&ss November 26.
Schultz Dividend
Id A. Schultz, president Of the
saGfse Retail Stores Corporation, an
szsced that the board had declared
B the year 1922 dividend of SIS q
ste on the common stock, payable in
*yr cent cumulative preferred stock.
Bsge is an authorized issue of $4,000.
e preferred, of which only $500, 600 is
/ fhe dividend on the common stock
hi be paid December 90 to stock
Isders of record December l5. Divi-
Bsds on the preferred will be paid
{sayterly in advance, commencing JAN
'Ny 2, TO stock OF record December 2e.
b. Sehulte further announced that the
8safnon stock will pay dividends at
~ less than SIS share for the wear
after stockholders OF the National
8sssuit Company had authorized an in
EEssass in the capital stock from $780,
3M,oo0 to S6o,o00,ooo, to carry out the
|gslously announced plan for declar.
|kg q rs per cent stock dividend and
|sducing the par value of the shares
ltsn sl00 to S25, the directors declared
b quarterly dividend Of rs cents
|isre on the new common. This action
shesd the stock on SO a. share an
l3A basis, and as stockholders will re-
EES1m under the capital readiustment
k3isn seven shares of new stock for ono
g cid. the cash dividend is equivalent
b "a annual rate of $21 share on the
81 stock, which moved up 1T1s points
81 the stock Exchange yesterday to the
Ees high record price OF 2s9s.
TIE Is pei cent stock dividend WAS
declared payable December so to stock
holders a Tfcnrd November "a. The
cash digsssfd OF 75 cents a share is
Playable ssnns fy Is to stock Of record
Oecsnbef 80.
Glen Alcen Coal Initial
!. pirectors Of tire Glen Alden Conl.
Voapany declared sar Initial dividend
M.5e share, payable December 90
. stock of record December 1.
Difeetors of the Great Northern PAPER
Company declared a stock dividend OF
Ns per cent, payable December A to
,ssockholders of record November 25.
'asreholders on November 9 approved
y increase in the authorized capital
ssek from ss,3oo,ooo to s25.0oo, 900.
ne stock distribution will increase
V amount outstanding TO $24, SOC, 900.
In accordance with their previously
eneurced intention of declaring a 400
sr cent stock dividend directors of
% Standard Oil Company Of New
sefsey declared a stock dividend on
ae basis of four shares of new COM
non stock for each $25 par value share
oW outstanding, payable December 20
stock Of record November 25. The
oard declared the regular quarterly
ividends Of s1.25 share on the pres
nc common and $1.75 share on the
referred stock, both payable Decem-
es 10 to stock of record November 25.
stockholders of the National Sugar
sehning Company approved the pay
aent OF 80 per cent stock dividend
a nq tne necessary increase in the cap
az ~ stock from $4,000, 900 to $1,000
W. IL was announced that the com
: 'sag now has surplus Of more thar
!, Great Northern Ore Properties de-
asfee ~ a dividend OF 81 a. share. pava-
Ie december 81 to STOCK Of record
December l. A'0i3