New-York tribune., 1922-12-13
Extra Dividends
Are Declared by
2 National Banks
First National to Pay 10 Per
Cent and Importers and
Traders 6 Per Cent; Other
Distributions Are Planned

Included IN the budget OF DIVIDEND
actions announced yesterday was the
declaration Of an extra dividend OF 10
per cent bS the First National Bank.
in addition 70 the regular quarterly
disbursement Of 10 per cent The ex-
ira was the sane a. was declared last
year and was regarded a. in the nature
Of q special Christmas distribution TO
shareholders.
The Importer and Traders National
Bank declared an extra dividend OF
per cent, In addition to the regular
s per cent quarterly dividend.
Among the industrial concerns the
Naek Trucks. Inc, declared an initial
dividend Of ST 9 share on the common
stock. This concern, known IN lszO
Al the international Motor Company
declared at that time common STOCK
dividend Of 100 per cent.
The Mahoning Coal Railroad Com,
many declared q semi-annual divioeno
on f10 a share and IN extra dividend
of SIS a share. The seni-annual dis
tribution compares with the previous
ser,i- sNnual rate Of s. a share, while
the eYtra was the same 40 was declared
IN Tune. 1921. The New York Central
owns II. sos shares Of tho 10000 shares
Of common outstanding and 1890 out
Of 1927 shares Of the preferred.
Directors Of the Chapman valve
Manufacturing Company have called a
stoekholders meeting for December ls
"a authorize an Increase IN the capital
stoek from S1.0OO.0o0 TO u,boo'ooo
through a stock dividend Of 30 per cent.
Yor The purpose Of declaring . stock
dividend Of 100 per cent directors OF
the plymouth Cordage Company have
recommended an increase IN the stock
from $4,000, 900 70 $8.o00,oo0.
Stockholders Of the General Baklne
Company authorized an increase in the
common stock from 10000 shares 10
500 900 shares. Directors meet to-day
70 declare a stock dividend.
S. w. Reyburn. president Of lore
4 Taylor, announced that ciyioeno
Of 2i per cent on the first preferred
stock had been declared 70 pay. up &C
eumulated dividends that have been ~
arrears since June !, 1879. ne sele
that Lord & Taylor's earnings ior tne
last three OF four years have been
sressonable. though not large" and If
.hev continue on that same reasonable
basis he Is in hopes Of being able by
this time next year to pay up the &c
crued dividends on the second pre-
ferred stock.
directors OF the United Fruit Com
pAny, in addition 70 the regular
quarterly dividend OF 81 share de-
clared an extra Of the same amount,
PAYABLE January 10. The Northern
Securities Company declared an extra
dividend Of 2 per cent, In addition 20
the regular semi-annusl dividend OF
per cent.
proved the proposed increase IN the
capital from 100000 70 100000. and
the declaration Of i50 per cent stock
dividend 20 stockholders OF record De-
eember IL. Stockholders OF the Solar
Refining Company authorized an in
crease In the stock from s2000,OOO 70
$4,000 900, 70 be distributed as 100
per cent stock dividend.
The Royal Baking Powder Company
declared an extra dividend Of per
cent on the common stock, in addition
70 the regular quarterly dividends on
ne preferred and common stocks. The
Island Greek Coal Company declared
an extra dividend OF IS a share, be.
sides the regular quarterly dividend OF
& \ share.
Directors Of the National Surety
Company recommended stock divi-
dend Of three shares for every seven.
This would increase the capital stock
from s7,ooo,ooo to $4,000, 900.