Evening star., 1922-11-21
Market Flashes
at Today's Close

Wall street showed great interest
today in two more mergers-the Beth
lehem -Midvale proposition to amalga-
mate and the completion of plans for
the merging of the American Motors
Corporation and the Bessemer Motor
Truck Company. Talk chiefly centered
in whether the Federal Trade Com
mission would take any action in
either case.
Ex-dividend today: Atlantic Refin-
ing common, 5 per cent.
Eastern pig iron prices in eastern
Pennsylvania and Buffalo districts
have been reduced 81 a ton.
Public Service Electric Company
of New Jersey will reduce rates nearly
10 per cent to householders and near
ly per cent to power users.
Regular quarterly dividends: Borden
Company, Associated Gas and Electric
Company, Woods Manufacturing Com
pany, Moore Oil Refining Company.
Southwes. Pennsylvania Pipe Line
Company.
American National Insurance Com
pany of Galveston has declared a 100
per cent stock dividend. Increasing
capital from 100000 to 100000.
Humphreys Oil Co has declared a
stock dividend of Is per cent, payable
December Is on stock of record No
vember 80. Outstanding capital Is now
sS.577,5O0, which will be increased by
stock dividends to s15,0OO,00O.
Consolidated Gas statement for the
quarter ending September 80 shows
net earnings of $53l.0S5 after charges.
depreciation. depletion. tax, etc; For
nine months ending September 80 net
earnings were $1,631.6I4.
The Cincinnati, New Orleans and
Texas Pacific railroad declared an ex-
ira dividend of 2h per cent and regu-
lar semi-annual dividend OF 3 per
cent on common stock, payable De-
cember 26 to stockholders of record
December 5. Regular quarterly IN
per cent preferred dividend also was
declared payable December l to stock
holders of record November 25.
The Highland Park Manufacturing
Company, which operates two cotton
mills at Charlotte, n. c., and one at
Rock Hill, S. c., has drawn up appli-
cation for authority to increase the
concerns capital stock by issuing ST.
100000 in common stock, President
C. W. Johnston announced at meet
ing Of the stockholders today. The
company now has an authorized cap
ital of $645, 100, according to published
RECORDS.
l. The Taxman Refining Company has
renewed contract with Cosden & Co.
to market entire output of road oil
for next season.
Wall street expects that the Corn
Products plan, which will be acted
upon this week, is for increa sing the
regular dividend to Sc and declaring
75 cents extra This will place the
stock on 50 basis, inasmuch as the
Corn Products Company has made a
rule to maintain extra dividends even
though they were declared as extra
dividends and not regular.
Loaded freight cars handled on the
PENNSYLVANIA sistem for two weeks
ended November IL amounted to
340,S27, against 27O,1s1 same period
1921, and 315,749 same period, 1920.
From January l to November II
loaded freight cars handled on the
system totaled 6.437,661. against
5,5SO.48S for the same period 1921,
and 6,674,122 in 1920.
c. W. Patterson, president of Aus
tin Nichols & Co., says that opera
fions Of their wholesale grocery
houses for. first nine months ended
october 81, as compared with the cor
responding period last year, show In
crease In sales of z per cent. Net
profits for period are substantially In
excess of preferred dividend require
ments for entire year, this being ex-
elusive of earnings of canning opera
tions, which are determined yearly.