The New York herald., 1922-12-23
So EXTRA DIVIDEND
BY CORN PRODUCTS
Also Raises Rate on Common
Stock to Regular Annual
Basis of Sc.
OF NEW YORK

The Corn Products Refining Company
declared yesterday an extra dividend OF
SO and a quarterly dividend of $3.50 on
its common stock. payable January 20 to
stock of record January 2. The latter
payment raises the issue to a regular
annual basis of $6. compared with n
regular yearly rate of 81 and So extra
disbursement made in each of the last
three years
Stock of the Elliott Fisher Company
has been increased TO s6.500.00 by the
issuance of 10000 shares of series B
common stock of S100 par, without vot-
: ing power.
The Pennsylvania Coal and Coke Com
pany has increased its capital stock from
$7.500.000 to $4,000. 900.
The City Investing Company declared
dividend of 2A per cent. on its COM
mon stock and the regular quarterly
dividend of Ia per cent. on the pre-
ferred stock, payable January to stock
of record December 20.
Directors of Greylock Mills of North
Adams have recommended that the COM
pany's stock be increased from $700, 900
to s1.400.000.
The Rice-Stix Dry Goods Company of
st. Louis has declared a AZ 6-7 per cent
stock dividend on its common stock, pay
able to stockholders of record Decem-
ber 81.
The MacAndrews & Forbes Company
declared an extra dividend of per cent
on Its common stock and the regular
quarterly dividends of 21a per cent. on
the common and - on the preferred.
payable January Is to stock of record
December 81.
The Westinghouse Air Brake Company
stockholders will meet on March 2 to
vote on an Increase in capital stock
from $40 OOO 0OO 70 SS0 O00 000
The Arundel Corporation has placed
Its common stock on an per cent. an
nual basis by declaring a quarterly divi-
dend of per cent on that issue, pay
able January 2 to stock of record De-
cember 81
Stockholders Of VI. Lowenstein-Son,
Inc. have approved a proposal to in
crease capital stock by issuing 5000
shares of second preferred stock of the
par value OF 800 as a stock dividend TO
common stockholders on a share for
share basis.
The United States Mortgage and Trust
Company declared an extra dividend OF
4 per cent. In addition to the regular
quarterly dividend of 4 per cent. pay
able January 2 to stock of record De-
cember 26. An additional compensa-
ton of 10 per cent. of yearly salaries
for the officers and employees also was
The Naumkeag Steam Cotton Mills
Company has declared "A special dlvi-
dend OF IS a share and the regular
seml-annual dividend of So share. pay
able January to stock of record De-
cember 20.
+. NJ. Lupton. Publisher. Inc. declared
an initial quarterly dividend of so cents
share on its class A cumulative stock.
payable January to stock of record
December 23.
The Pacific Mills has doubled it's S20,-
100000 stock for the purpose of paying
"A 100 per cent. stock dividend.
Stockholders of the Brooklyn Edison
Company have ratified an increase OF its
capital stock from $4,000, 900 to $780,
100000 TO raise capital for additions
and betterments.
Directors Of Wells Fargo e. Co. have
decided TO call a special meeting of it's
stockholders 20 effect reduction of
capital stock from s24.O0, 900 to Sf2, ,000.-
600 by cutting the par value of the
shares from 800 to $50. In the event Of
favorable action by the stockholders Il
is the intention Of the board TO make a
distribution IN cash OF capital assets
equal TO $50 for each share of stock