Business & Finance: Index: Oct. 22, 1928

Royal Baking Powder, by increasing its outstanding stock from 100,000 shares ($100 par) to 800,000 shares (no par) is giving its shareholders the equivalent of a 700% stock dividend. Besides, it is selling them $5,000,000 stock in its two main subsidiaries—E. W. Gillett Ltd., Canadian maker and distributor of baking powder and allied products, and American Maize Products Co., maker and distributor of corn starch and corn byproducts.

London Show. $50,000,000 worth of orders were placed before the London automobile show opened last week. 45% of the...