New-York tribune., 1922-11-30
More Companies
Take Favorable
Dividend Action
Stronnberg CarbureferRaises.
Rate; Buffalo & Susque4
hanna Railroad Declares
$40 Special Payment

! Further dividend actions taken yessl
terday included increases in currenn
rates. extras, and resumption OF pays
ments previous deferred.
Directors of the StroE;berg Cav%
buretor Company declared quarterly
dividend Of S1.25 share, thereby in
creasing the annual rate from Sd tp
S5 share, Divi3ends at the quar-
terIy rate of 81 share were resumed
last September, following omission o2
the 50-cent quarterly disbursement,
due in March, 1921.
The Vulcan DEFINING Company de-,
clared a quarterly dividend of & peg
cent on the preferred ard preferred *
stocks. These were the hrss gaypaes~--
announced on these issues sifpas ->>-~,%gE
rTsT sX
The Consolidated Car -Heassny >sUrfss
panY announced the resumption ofE
dividend payments With che declarass
tion Of a quarterly disbursement ofsa
u per cent, payable January i5 tts
stockholders OF record December 90 3
The Torrington Company declaretg
an extra dividend Of 1915 share org
the commuil stock, IN addition to thas
regular qTsrterly dividend Of 623Ay
cents q share. -
Carrying out their intention, ans
| Borne -Scrymser Company declared sE
stock dividend of 400 per cent. pay-s
able December 80 to stockholders osss
record December o. Stockholders havEG
approved the issuance of additionaE
stock needed for the stock dividend. =
The Williams Toof corporation deg
clared a dividend of "a per cent org
the regular quarterly 2 per cent disT
/ bursement. The additional one-haR
of / per cent is on account of thu
dividend for the third arter, the q
per cent payment having been dsx
| ferred. ~
| Directors of the Bura4o & Susau9s
hanna Railroad declared a specise
| dividend of SO share. in addition tt
the regular quarterly dividend Of y
/ per cent on the common stock aI&
the regular serni-annual dividend e4.
2 per cent on the preferred. was
stated that the special dividend VIII
! be paid out of the current years iti-
come. The company is a large holder
of securities of other properties. and
| the funds for the extra distribution
will come from that source.
OF the Standard Oil Company of Kag-'
sas ratified the proposed increase IA
the capital from So 100000, and the
| reduction in the par value of tho
shares from S100 to s25. ,ee'
| The Western Electric Company ftt
offering to its common 500 hn'ders
! the right to subscribe to 10000 addi-
tionaI shares of it's common stock at
500 share. Shareholders will be en-
titled to subscribe to one share Of tbs
new stock for each 1-3 shares of tAs
common outstanding on November %
The American Telephone and Teie-
graph Company owns 1915 per cent
of the present $4,000 shares of no par
value. The issue of new stock ia 10
take care of S15,000,o00 & = per cene
bonds of the Western Electric, due
| December 81, next.
An extra dividend Of SO q share
and common stock dividend of 10
per cent were declared by directors o6
the American Bank Note Company.
payable December 20 to stockholders
of record December 10.
| Directors of the Middle States CiE
Corporation, in addition to d"claring
the regular quarterly cash dividend OF
8 per cent, announced thar each holdee
of 100 shares will receive three shares
of the common stock Of the Oil Lease
Development Company.
A proposal to Increase The capital
stock of the tSandard Oil Company, o2
Kentucky, from S12000000 to SIT .500,-
900 to be followed by dec arattion CT
a stock dividend of 66 2-3 per cent,
will be placed before stockholders at
meeting at Louisville, December 2ls
it was announced last night, follow
ing meeting of the board of directors
this afternoon.
In addition to the regular quarterly
cash dividend of s1.25, special cash
dividend of SIS share was declared.
The extra dividend was made payable
December 80, to stockholders of record
Oecerahe