Stock-Split Talk Rallies Market: Cash Dividend Raised
I NEW YORK, Nov. 3 MV-A' proposed 3-for-l stock split by Standard Oil (NJ) today sparked the biggest stock market rally in three weeks.</br></br>Gains of about $1 to $3 a share were registered by pivotal stocks, with some ranging in the area of $5 advances.</br></br>Jersey Standard forged ahead $8.37 a share at one point before closing at $139.87 for a rise of $7.50 a share.</br></br>I NEW YORK, Nov. 3 (^ÛÓDirectors of Standard Oil Co. (N. J.) I today proposed a three-for-one split of the' common stock, bringing a notable addition to the long list of United States corporations w^hich have made or proposed stock splits in</br></br>With this action, the NationÛªs top three manufacturing firms ÛÓJersey Standard, General Motors Corp., and United States SteelÛÓall will have split their common stock during 1955.