Evening star., 1936-11-24
ARREARS CLEARED
BY SHELL UNION
$26.12K2 on Preferred
Voted Along With Resump-
ton on Common.
BY the Associated Press.

NEW YORK, November 24.-Shell
Union Oil Corp. added more than
SIS, 100000 today to the year-end divi-
dend total by clearing up arrears on
preferred stock and resuming pay
ments on common.
In the rush to disburse 1886 earnings
with an eye to reducing tax liabilities
under the Federal levy on undistrib-
uted profits, about $50 companies in
the last month have declared divi-
dends totaling around $3.50 900, 900,
approximately half consisting Of extra,
special and increased payments.
Shell Union directors eliminated ar
rears by declaring dividend Of
$26.121a on the preferred, amounting
to about s10,0oO,0OO.
A dividend of 25 cents a share was
announced on the common. Both are
payable December IS to holders Of rec
ord December 4.
The previous payment on the COM
mon was IS cents share in June,
1880.
J. c. Penney Co.
j. C. Penney announced an extra
dividend Of s3.75 share on the COM
mon stock and quarterly dividend OF
81, payable December is to holders of
record December 4. The payment In
all amounts to about $l2,000,000.
Gillette Safety Razor.
Directors of the Gillette Safety
Razor Co. declared an extra dividend
of Is cents share on the common
and the regular quarterly payment OF
the same amount, payable December
1S to holders of record December 4.
HoudaiIIe- Hershey.
The Houdaille Hershey Corp. with
principal plants in Michigan. Chicago
and Buffalo, announced an extra divi-
dend OF STA cents share and the
regular of the same amount on class
B stock. payable December Is to hold
ers of record December rs.
Interstate Hosiery.
Interstate Hosiery Mills ordered an
extra dividend of so cents a share on
the common and the regular Of 621a
cents, payable February Is to holders
of record February l.
Modine Manufacturing.
Modine Manufacturing Co, Racine,
Wis, declared a special dividend OF
81, payable December % to holders
of record December 10, on capital
stock.
National Lead Co.
National Lead Co. announced an
extra of 37l2 cents a share and the
regular of 1919 cents quarterly on
common, payable December 2l to
holders of record December 4.
Evans Products.
Evans Products Co., Detroit, an
nounced a special dividend of so cents
a share on capital stock and the regu-
lar quarterly payment of rs cents,
payable December IS to holders of
record December 4.
Savage Arms Corp.
The Savage Arms Corp. resumed
payments on Junior issues with divi-
dend of 81 on the common and Sc on
the g. per cent non-cumulatiye second
preferred stock, both payable Decem-
Der IS to holders of record December s..
The previous payment of the COM
mon was in September, 1881. and on
the preferred in February. 1882.
Compo Shoe Machinery.
Compo Shoe Machinery Co. an
nounced an extra dividend of rs
cents a share on capital stock and
the regular quarterly payment of rs
cents, both payable December Is to
holders of record December S. This
put the stock on 81 annual basis
compared with so cents previously.
Prudential Investors.
Prudential Investors, Inc. an
nounced a special dividend of Is cents
a share on the common, payable De-
cember 10 to holders of record De-
cember /.
Cr0well Publishing.
Crowen Publishing Co. declared a
special year-end dividend of Is cents
and the regular quarterly dividend of
rs cents a share on the capital stock,
both payable December "a to stock
holders of record December IA.
Midvale Co.
The Midvale Co., a subsidiary of
the Baldwin Locomotive Works. an
nounced o dividend of So share on
the 100000 shares of the company.
1t is payable December 10 to stock
holders of record December 10.