The New York herald., 1922-12-27
CAPITAL INCREASES
TO GO AS DIVIDENDS
Melons Again Plentiful
Virginia Railway Resumes
Cash Payments.

A special meeting of stockholders Of
the Stromberg Carburetor Company of
America, Inc. has been called for Jan
uary 10 to approve a proposed increase
in its capital stock from $4,000 shares
to 10000 shares of no par value. The
notification says the increase Is needed
by the company for betterments and the
acquisition of additional properties. Of
Acials said that no stock dividend is
contemplated.
Stockholders of the Nield Manufactur-
ing Company of Boston have ratified a
proposal to increase the stock from
100000 to s1,200.000 by payment of a
so per cent. stock dividend The North
Scranton Bank of Scranton. Pa, de-
elared 100 per cent. stock dividend on
its 100000 outstanding stock, payable
December 80
The Virginia Railway and Power
Company declared a cash dividend of
s per cent on its preferred stock half
payable January 20 next and half pay
able on July 20 next This Is the first
cash dividend paid since July 1919. In
January, 1921 and 1922, dividends of S
per cent. were paid in preferred stock.
| For the purpose of declaring a so per
cent. stock dividend stockholders of the
Border City Manufacturing Company
/ viii meet on December 2S to increase
it's capital stock from s1.200,000 TO
| si.S00.0o0. The capital stock OF the
| York Manufacturing Company has been
| increased from $1.S00. 900 to $4,000, 600.
| The Motor Products Corporation OF
Detroit has placed Its stock on an annual
dividend basis OF 81 a share through
declaration OF quarterly dividend OF
| Sl.15 share. payable February to
stock OF record January &C
The Staples Coal Company has in
creased its capital stock from s1,407. 900
70 S2,000.00Q. OF the new stock, 1890
shares will be distributed as a s3l-
| per cent. stock dividend. The Barta
Press has Increased its stock from
$4,000 to s240.0op for the purpose OF
paying a 300 per cent. stock dividend
To stockholders of record. December
IT, The Hamilton Emery and Corun-
dunn Company has increased its capital
stock from $4,000 to 5000, 600 through
the payment OF 400 per cent. stocx
dividend to holders of record Decem
Der 16.
The Bankers Trust Company has been
advised by the London secretaries IF
Rand Mines. Ltd. of the declaration OF
an Interim dividend of 80 per cent
equivalent to four shlllings sterling an
ordinary share. The dividend will
amount to ten shillings sterling an
American share and will be paid in
london on February -. The Ventura
consolidated Oil Fields declared a regu-
lar quarterly dividend of rs cents n
share. payable February to holders
OF record January Is.
stockholders OF the Hamilton Brown
shoe Company, st. Louis. declared n
stock dividend Of $1,000. 900. or 25 per
cent stockholders OF the Dartmouth
Manufacturing Company. New Bedford
Mass. approved a recommendation 70
Increase the common stock capitaIi.
zation from $4,000. 900 TO $4,000. 600 bv
means Of a stock dividend OF 100 Der
cent
stock dividend OF 100 per cent. was
declared yesterday at n meeting OF the
board OF directors OF the National Stat.
Bank of Elizabeth. ". j., to stock.
holders OF record December 20. Tn.
stock dividend was made payable Do
cember 30