The New York herald., 1922-12-12
UNION TANK CAR GO.
CUTS 90 P. G. MELON
Common Stock Dividend De-
clared on 100000 Out
standing Shares.
MANY EXTRAS IN CASH
Few Increase Disbursement
Rate-Cotton Mills and Mo-
tor Makers in List.
MANY EXTRAS IN CASH

clared or took steps looking to the dec
laration of stock divid' nds. while a
number of others declared extra cash
dividends.
The Union Tank Car Company, a
member of the Standard Oil group, de-
clared so per cent. stock dividend on
its s12.000,000 outstanding common
stock. payable December 2S to holders
Of record December %. This dividend
will be paid out OF $13.000,O0 common
stock at present authorized but unis-
sued. On December 81 last the COM
pany's surplus was S10,S15,177.
The Humble Oil and Refining Com
pany. in which Standard Oil also is
understood TO have an interest. called a
special meeting OF its shareholders for
December IS 10 increase capital stock in
anticipation OF stock dividend of 60
per cent. or so per cent and to reduce
the par value of its shares from 800
TO S25.
$40 "a Snare as Extra.
The Mackay Companies declared an
extra cash dividend OF $40 a share on its
common stock. payable January 2 TO
holders of record Dec nber 81. At the
meeting on November 21 last the regu-
lar dividends on this issue were raised
from per cent. TO per cent.
annual basis.
The st. Joseph Lead Company de-
clared an extra dividend OF 25 cents
and the regular quarterly dividend of
20 cents a share. both payable March
20 to stock Of record March 9. An
extra disbursement of 25 cents was de-
clared in the previous quarter.
The Hudson Motor Car Company de-
clared an extra dividend Of 25 cents in
addition to the regular quarterly divi-
dent of so cents. payable January to
holders of record December %.
The Marland Oil Company declared a
dividend of 81, payable January ! to
stock of record December 20. Last Sep
nber similar amount was paid.
The Albany and Susquehanna Rail-
road declared an extra dividend o. So a
re on the common stock, payable
gary to stock of record Decem-
21.
The American Gas and Electric Com
pany declared so per cent. stock divi-
dend and the regular quarterly divi-
dent of 21a per cent. in cash on the
common stock. both payable December
80 to stock of record December 15 The
regular Y per cent. quarterly dividend
on the preferred stock also was de-
clared, payable February l to stock of
record January Is.
In preparation for declaration Of a
100 per cent. stock dividend on the
s1S.000.500 outstanding stock Of the
National Fuel Gas Company its stock
holders approved m increase in its capi-
tai from 32,O0O.O00 to 37.ooo,0oo.
The General Fire Extinguisher Com
pany OF Providence declared a 20 per
cent stock dividend on It's $500. 900
common stock. The new dividend rate
lna .t ha nj me- nm
February Z.
The Trucson Steel Company declared
a quarterly dividend OF per cent. on its
common stock. payable January 15 to
stock of record January 5. This COM
pares with a previous quarterly rate of
l per cent.
The. stockholders of the Killburn Mill
of New Bedford, Mass. will meet on
December Is to increase capital stock
from s1.50o0O0 TO s2.250.OOo for the
purpose of paying so per cent. stock
dividend.
The Nield Mills of New Bedford, Mass.
declared an extra dividend of $40 in
cash. payable December 20 to stock of
cal meeting of stockholders to increase
the stock from 100000 to $1.200.000 so
as to pay a so per cent. stock dividend.
Reduces Dividend Rate.
The9Dklahoma Natural Gas Company
declared dividend of 1 per cent. The
last dividend was 2 per cent. paid on
July 90. 1921.
The REQ Motor Car Company de-
clared an extra dividend of / per cent.
In addition to the regular ! u per cent.
quarterly dividend. both payable jan
uary to stock of record December Is.
The Tonopah Mining Company OF
Nevada declared a dividend of Is per
cent. payable January 5 to stock OF
record December 16. Last October and
April the company paid regular semi
annual dividends of per cent and
2h per cent. extra.
The Mother Lode Coalition Mines
Company declared a dividend OF 50
cents a share. payable December 80 10
stock of record December 20. The last
payment was so cents a share. paid on
June 30
The Potomska Mill of New Bedford.
Mass. declared yesterday cash divi-
dend OF s25.
Directors of the Pierce Manufacturing
Company Of New Bedford. Mass. de-
ciared a cash dividend OF $40. In ado
ton the company proposes a stock dlvi-
dend OF 50 per cent. and an increase In
its capitalization from 100000 to
xI 2OO OOO