The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-12-21
Business
and
Finance

NEW YORK, Dec. 2o.-Nineteen
wholesale electrical supply houses
doing an annual business of $780,
Ooo, 900 and with branches in 90
cities, have been organized by the
WESTINGHOUSE Electric and Manu-
featuring Company into q single
system under the name OF the
Westinghouse Electric Supply Com
pany, 1t was announced Thursday.
BIZ United PreSs
WASHINGTON, Dec. 20.-Loans
on stocks and bonds to brokers and
dealers by reporting federal reserve
member banks in New York on Dec.
1s decreased S3s 900 900 from the
previous weeks total Of $3,425, 0O0,-
900, the federal reserve board an
nounced Thursday.
Hudson Motors: Considering the fact
that Hudson earned net OF S2 per
share for the first three-quarters OF this
full years dividend requirements, and
that the company's cash holdings equal
almost $40 per share. there seems 70 +P pc
IS dividend.
The board OF directors Of che Inter =
state Public Service Company has de-
cIared the regular quarterly dividend Of
ia per cent on the outstanding per
cent Prior Lien stsek Of the company,
payable Jan. Is, 1880 10 stockholders Of
record Dec. 81.
The largest electric power bond issue
to appear in the market in three months T2rta,S
Electric Light and Power Company. An
addton Issue c.S q 1ss gs55ssro
S Eetsd '0 BY pXillen. Read Co, Harris,
Forbes & Co, Spencer TraSk & Co, and
Stone q Webster and BIodget Inc ns "a, at
financing win be used to reimburse the
company for expenditures made for addi-
tions and extensions to its properties.
Manufacturing Company, declared the
regular quarterly dividend Of S1.75 per
share, upon the Preferred and the Pre-
teFiy dividend Of SO cents T per share Upon
the Debenture stock, also all of the
accumulated dividends upon, the, small
standing, payable Jan. 2, to stockholders
Of record, Dec. "a.
According to the weekly estimate Of
the National Coal Association, about
11,9OO,O0e net toms Of bitUninsus ecGI
were mined in the United States dur
ing the week ended Dec. IL. This is the
largest quantity Of bituMiAOuS oaAl pre-
duesd In any week since last February.
The qsAntity mined during the weeks
ended New. 30 and Dec. Z, Is reported
by the United states Bureau Of Mines,
was 1881, 900 net tons and 11,679,00c
net tons, respectively.
Consolidated balance sheet Of the Card
neaii current assets Of sfs4ssSs against
current liabilities Of 1864 ,s45, a relative
position OF approximately II to /.
Industrial Rayon Corporation earned
for the first ten months Of this year $3.50
per share, and present indications. are
that final net for 1925, will exceed SO per
outstandins. AS of June 80 this year,
the company had very strong treasury
position o 9Th tn cash and SECURITIES exceed tSs
total current liabilities.
Sales and shipments of the Pines
fifteen msTi days days Of this month exceeded the
total for Dec. 1923, J. F. Raleigh, preSi-
dent, said.
Directors OF M. H. Fishmsn, Inc, have
declared the regular quarterly dividend
Of $i.75 q share on the preferred stock,
payable Jan. Is to stockholders Of record
Jan. 5.
CrueibIe Steel earned net Of $6.oS
per share for the FIRST half Of 1879, and
it is expected that the net for the last
half will exceed frst half results. The
company recently declared n stock divi-
dent OF per cent in addition 10 the
regular cash dividend Of So which has
been In effect since 1876, supplemented
by occasional extras.
United States Pipe and Foundrys earn
ings for the past six months totaled $3.50
per share and flnAl net for 1929 is ex-
pected to be well in excess OF So per
share.
Directors of the Federal Screw Works
declared the regular quarterly dividend Of
rs cents a share on the capital stock
payable Jan. ! to stockholders of record