Evening star., 1937-11-24
SPECIAL DIVIDEND
FLOOD CONTINUES
Yale & ToWne Announces
40 Cents in Addition to
Usual Rate
By the Associated Press.

l
NEW YORK, Nov. 24-The year.
end flow of special dividends, de-
clared partly for the purpose of
escaping the Federal undivided profits
surtaX, continued today.
Yale g. Towne Manufacturing Co.,
lock manufacturer, with its principal
plant at Stamford, Conn, announced
a special dividend of 40 cents on
the capital stock, payable December II
to stock of record December 6. The
regular quarterly dividend of Is cents
also was declared. payable January
3 to stock of record December 6.
Columbia Oil.
Columbia Oil G. Gasoline Corp
announced a dividend of 40 cents a
share on the common stock and one
of the same amount on the partici-
pating preferred stock, both payable
December 18 to holders of record De-
cember 3. An initial dividend of 90
cents a share on the common was
paid December 81, 1885,
American Power
Directors of American Power &
Light Co. with operating units in
Pacific, Western and Southern States.
declared dividend of s1l2ia on the
s6 preferred stock and 93a4 cents on
the S. preferred, both payable De-
cember 20 to stock of record Decem-
Der l. The company stated these pay
ments are equal to three-quarters the
quarterly dividend normally paid jan
uary l. 1888, and that income actually
received, though earned, from IT'S SUBJ
sidiaries provided only about 80 per
cent of full requirements.
Westinghouse Electric.
A payment of 50 on the common
stock Of Westinghouse Electric & Man
ufacturing Co. was ordered. Directors
declared a like amount on the partici-
pating preferred stock. The latest on
the common. payable December 81 to
holders of record December 7. brought
the years distributions on the stock
to Sc.
American Locomotive.
Directors of American Locomotive
Co. declared a dividend of 81 on the
preferred, on account Of accumula-
tions, payable December 20 to stock
holders of record December g. AS of
September 80. accumulations on pre-
ferred amounted to S32 a share. The
last payment on the preferred was
SO, December 18 of last year.
Anaconda Copper.
Directors Of Anaconda Copper Min
ing Co. declared a dividend of so
cents on the common stock, payable
December 20 to holders of record De-
cember 3, same as paid in September
Payments were increased for three
copper companies controlled by Ana
conda. A disbursement of so cents
was ordered for Andes Copper Min
ing, against the previous payment Of
IS cents in 1881, an extra of Is cents
for Greene Cananea Copper and a
dividend of 81 on Chile Copper COM
pared with so cents previously.
Mathieson AlkaIi.
Mathieson Alkali Works announced
year-end dividend of 52la cents on
the common, and the regular quar-
terly dividend of SITS on the pre-
ferred, both payable December % to
stockholders of record December /.
The payment on the common brought
the years total to $165.
American Hawaiian S. S.
Directors of the American Hawaiian
Steamship Co. declared an extra divi-
oend of 40 cents. and the regular
quarterly dividend of 25 cents share,
both payable December "a, of record
December TO-
Ruberoid Co.
Ruoeroid Co.. manufacturer of
building materials. announced a quar-
terly cash dividend of IS cents and q