The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-03-21

tional CITY BANK oil new 1OIA NlitSIi -
the first time has broken into English
big Five" in surrounding both WeSt'
minister Bank Ltd. and National Pro
vincial Bank, Ltd.
The Board of Directors of the Northern
Indiana Public Service Company has de-
cIared the following regular quarterly
dividends on the various classes of Its
preferred stock:
One and three-quarters per cent on
each share of the outstanding per
cent preferred stock.
One and one-half per cent on each
share of the outstanding 6 per cent
preferred stock.
One and three-eighths per cent on each
share of the outstanding 512 per cent
preferred stock.
These dividends are payable April II,
1880. to stockholders of record March 81
1880.
Gary Railways Company spent $13S.-
1851 for extension and improvement o.
its properties during 1929. according tt
the annual report of the company re-
ceived by stockholders.
The company. which is controlled by th'
ing revenue during 1929 of 81. 293, 442. :;
compared with 81 ,240. 522 II in 1928. an IN
crease of 427 per cent
Financing for the City OF Helsingfors
capital of Finland. will be carried out to,
day through a public Offering of $4,000 ,0Ot
thirty-year 6i2 per cent external Slnklni
fund gold bonds. due April /. 1860. me
offering is being made by Brown Brothers
81 Co. J. Henry Schroeder Banking Corpo.
ration and Equitable Corporation at 3,
to yield about $50 per cent.
Capital expenditures by the electric
light and power companies for additions.
during these six years the power COM
panies spent for these purposes 1885,
600, 0G0 while the railroads spent S4,SO9'-
959. 600 1t is interesting to note that
because of unprecedented demands for
service in 1924 the light and power COM
NAMES snent S9OS eco 600, which is in ex
cess of the estimated budget for 1880
and in 1925 spent S846, 600 900. which is
yerv close to the estimated budget for
this year.
CHICAGO. March 21.-Directors of NORTH
American Car Corporation DECLARED tht
regular quarterly dividend of 6212 cents
share on the common stock ana S1.oU
share on the preferred. both paya pc os
April /, to stockholders OF record March 20
sets in excess of $1,000 000,000 and repre-
senting so per cent of the tot~i resource;
of all trusts. give position OF creates
prominence to public utility stocks. NOV
that practically all the important truss
have published their statement OF conQ!'
ton as Of the end of 1929. compllatloI
Of the stock appearing most frequently y
possible and such an analysis has beer
prepared by Clark, Dodge q CO. Oh'
hundred trusts were examined ana o. t a6
seventv-seven which gave details OF Sc
curities held forty-nine had in their port
folios Consolidated Gas Of New YORK com
mon. American Telephone ana Ielegrapl
foT second MACE being included in forty
two trusts Electric Bond ana snare ~
peared forty times and General Electro
thirtv-seYen times.
First Detroit Company and Baker.
Fentress & Co. are offering SI.O00,000
Edward Hines associated lumber interests
Der cent gold dcbentures. series B."
date July 1, 1929 and due seriaiiy semi
annually July ], 1881 to 1889 at par and
interest. Proceeds of the issue will be
used for funding expenditures made for
plant and other equipment Of recent
operations for payment for a large body
of western timber and for other corpor-
ate purposes.
CLEVELAND. March III. a. bOnan-
non. president of Peerless Motor Car Com
pany. announced that through the COLA
boration of Cleveland and eastern capital
a proposed stock offering of the company
has been underwrittep up to l25.OO0 shares
assuring the corporation of substantial
addition to its working capital.
American Deposition Corporation, sponsor
OF CORPORATE Trusts Shares and American
Business Shares Corporation, .spon-
sor of Fixed Trust Shares and Basic In
dustry Shares, are owned by AdminlStra-
tive and Research Corporation. it was re,
vealed today. The two investment trus'
corporations were purchased Jaw. l.
Directors Of American Conn iaf Al
choI Corporation. at their reg meet
ing today, declared the usual quarterly
dividend Of 40 cents per share on the
common stock. payable April Is. to stock
of record March 20.
The New York Stock Exchange has adj
mitted to dealings Fox Film Corporation
rights to subscribe for Class A common
stock and rights to subscribe for de-
bentures.