The New York herald., 1922-12-15
MASS. PRODUCES
1888 P. G. MELON
Small WOolen Company Will
Increase Stock From $15,-
900 to 100000.

were added yesterday to the long List OF
organizations which have recently taken
action respecting special dividends.
The Davis & Brown Woolen Company
OF Uxbridge, Mass, has declared stock
dividend of 3.333 per cent. The increase
I'm capital stock is from $4,000 to
$500 000
Stockholders OF the Public National
Bank of New York voted to increase its
capital stock from s3.O0O.OOO TO s3,5oo,-
900, the new stock to be distributed as
a 16 2-3 per cent. stock dividend on De
cember % to holders of record Decem-
Der 20.
Directors Of the Lawyers Title and
Trust Company declared a stock divi-
dend Of so per cent. payable December
80 to holders of record December 26.
They also declared the regular quarterly
dividend Of 1 n per cent. and an extra
dividend Of 2 per cent. on the S4,O0O,O0O
stock at the present outstanding, pay
able January to holders of record De-
cember 23.
The Mutual Bank declared 3 per
cent. extra dividend in addition to the
regular 8 per cent quarterly dividend
on the new capital of 100000, pay
able January to holders of record
December 25. Formerly the regular
quarterly rate was per cent. on $780,
900 stock.
15 Per Cent. Extra Declared.
Directors Of the New Jersey Title
Guarantee and Trust Company of Jersey
City declared an extra dividend of Is
per cent. in addition to the regular quar-
terly disbursement of per cent, and
also recommended that the capital stock
be increased from S1,000,000 to $780,
600 for the purpose of paying a 80 per
cent. stock dividend.
The Prairie Gas Company declared a
81 quarterly dividend on it's recently in
creased stock, payable January 81 to
holders Of record December 80. This
payment is at the annual rate Of s24 on
the old stock before payment of the
200 per cent. stock dividend compared
with previous anual rate of $40 a
share.
In preparation for a 200 per cent.
stock dividend stockholders of United
States Bobbin and Shuttle Company of
Providence authorized an increase Of its
stock from $S50.00O to s2.55O,0OO.
The Pacific Mills of Boston in prep
aration for 100 per cent stock divi-
dend has called its stockholdersr into
special meeting for the purpose of doub-
ling its stock at present amounting to
$50 100000. The sta ambaugh Thompson
Hardware Company has called its stock
holders into special meeting on Decem-
Der II to vote an issue of 10000 shares
of no par value common stock which
will be given in exchange on a four for
one basis for the $500 shares of S100
par common now outstanding.
Resumes Payments.
The Pittsburgh Rolls Corporation re-
sumed dividends on Its common stock
by authorizing payment of a 2 per cent.
dividend on that issue. payable Decem-
ber 80 to stock of record December 23
The Philadelphia and Camden Ferry
Company declared a special dividend of
$40, payable December 80 to stock Of
record December 20
The New York State Railways Com
pany declared 10 per cent. dividend
on accumulation on the preferred stock
and resumed payments on the common
by declaring a / y per cent. dividend
and also declared the regular Ia per
cent. dividend on the preferred. all pay
able January to stool. Of record De-
cember 22.
The Peoples Gas Lighl-Coke Company
declared a quarterly dividend of $3.50 a
share. payable January IL to stock of
record January s. This raises the stock
to an annual basis of s6 from the rate
of s5yyearly, which has been maintained
! since the resumption of dividends last
January.
Stockholders of the Foundation Com
pany will meet on December IS to vote
on changing its capital stock from 40.-
600 shares of no par common stock to
5000 shaYes of no par common and
900 shares of preferred stock, repro
: sentng an increase in capital to not
less than s1.700,0o0.
/ For the purpose of paying so per
cent. stock dividend stockholders of the
Niagara Fire Insurance Company have
voted an increase in it's capital stock
! from $4,000, 900 to $4,000, 600.
The Bank of the Manhattan Company
I declared an extra divident of l per cent.
/ out of earnings accrued since July /
I last and a regular quarterly dividend or
8 per cent. both payable January TO
/ stockholders of record December 80.
/ This is the first dividend since the stock
was recently increased by a 100 stock
dividend. The rate on the old capitali-
zation was per cent. quarterly.
At Fall River yesterday three directors
of the Lincoln Manufacturing Company
voted to recommend an increase in cap
ital stock from 1926, 900 10 $2,25o,0Q0,
providing for a stock dividend of about
/ 40 per cent.
The Cornell Mills of Fall River and
/ the Stevens Linen Works of Dudley
made known proposals to increase their
I capitalzations to permit payments OF
! so per cent. stock dividends.