New Britain herald., 1928-11-01

New York has voted an extra dtvt- dend of 32, payable Dec. 10 to hold ers ot record Nov. 20.
 Sun Oil company of Philadelphia has declared per cent stock div idend on the common stock and the regular quarterly cash payment both pay,Ale Dec. 16 to stockholders Of record Nov. 26.
 New York. Nov. l RlIndepen- dents and U. S. Steel Corporation subsidiaries in the Youngstown dis trict established . monthly produc- tion record in October. it was an- nounced today. Blast furnaces steel plants and rolling mill departments operated at 2 record rate. The New Orleans cotton exchange has appointed committee to con- sider the proposed change in unit of contract trading to 50 bales.
 The New York Stock Exchange has purchased the Blir & Company building at 24 Broad street and an- nounced that negotiations for ac- quiring the adjoining Postal Tele- graph building are in the advanced stage. The purchases will give the exchange the entire block, bounded by Exchange Place. Broad. New and Wall streets, for expansion. 
 United Verde Extension Mining Company of New York. which owns property in Arizona, has entered an agreement with American Metal Company. Ltd. of New York and Newmont Mining Corporation of New York and San Francisco to &C., quire . one-third interest in the op- tion of the Cape Copper Company's property in Namaqualand, South Africa. United Verde produced Ill., 153,7O4 of copper in the third quar- ter of the year against 10,049,95s in the second quarter.
 The Wright Aero Nautical Corpor- | ation of Paterson. N. J.. has reduced 1 the price on its Whirlwind motor
 from $4.s00 to 5000 and increased
 the output to 500 motors a month.
 Today. being All Saints Day there
 is a public holiday in France. Cor
 many. Beligum, Spain. Austria and I a number of other countries. The
 London stock exchange is closed d. though it is not 8 public holiday in England. The Bank of France
 statement will not be issued until
 Friday.
 Corporation of Chicago. have de-
 clared . stock dividend of 800 per
 cent, payable Nov. 1s to stockhold- l CTS of record Nov. 13. President E.
 F. Mcdonald announced today. The
 increased capitalization will be plac- l ed on an annual dividend basis of at | least $2 share, he said. The
 present stock is on $2.50 annual
 basis.
 September production of alcohol l by members of the Industrial Aico- hol Institute, comprising manufac- | turers of 97 per cent of industrial 1 alcohol made for legitimate uses, totaled s,165.ss3 wine gallons. an increase of s.9 per cent over Sep tember. 1927. Inventories as of Sep
 tember 30 showed | decrease of %.s per cent from September 30. 1927, totaling 1s,5s7,54s wine gallons against 17.445,537.
 October sales of Montgomery
 Ward and Company. Inc, of Chica- go. totaled $26.5S4,7S7 against &21.- 667.455 a year ago. Sales for the past ten months totaled $17i,s46,s1e compared to $156,O1a,347 in the same 1927 period.
 The American Light and Traction Company has acquired the Milwau-
 kee Coke and Gas Company by an exchange of stock. American Light already controls the Milwaukee Gas Light Company in addition ts uti1-
 ties in Detroit and San Antonio, Texas. American Light earned $11.13 a share on 692.15s common | shares in the year ended September
 30 against S12.O9 on 522,63s shares
 in the preceding year.
 Heavy sales of copper at advanc- l ing prices featured operations in
 the market for non-ferrous metals
 in the past week Engineering and
 Mining Journal reports. Copper
 prices advanced h cent over the
 week before. Tin moved slightly
 higher. with lead and sine prices
 steady.
 Net income of the American Rail-
 way Express Company for the first
 months of the year was S1,4s0,-
 6S4 compared to t1,447.s5s,35s in
 the same 1927 period. Gross was
 S1So,o6S,11s against S1s3.05s.4so. Diamond Match Company, of Chi cago. reports for the . months end- ed Sept. 30 net profit of S1,201,o42, equal to &7.23 . share on 1sS,o00 shares against S1,177.054 or S7.0s . share on 166.500 shares in the first months of 1927.
 General Cigar Company. Inc. of New York, ended the first . months with a net profit of e1.S0o.07s. equal to $3.77 a share on 407,s7o common shares. this compares to t2.s53,s3e or $5.14 cents q share on 3SB,s3s common shares in the correspond