The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-28

Monsstno Chemical Company declared
regular quarterly dividend Of 31Ac and ~
per cent in stock pay July l. record
June 10.
Iron Ore shipments from Lake Erie ports
to interior furnaces during nrSt twenty
fve DAYS of May totaled 2,46S,9I3 tons,
against 1901 1855 last year.
Worthington Pump and Machine Cor
poration declared regular quarterly divi-
dents Of $3.50 on B preferred and S1.75
on A preferred and additional quarterlies
Of sI.5O and S1.75, respectively, to apply
against Accommodations. All pay July 1,
record June 10.
Chesapeake & Ohio to issue sss, so5, 900
common stock at par to common STOCK cISo
share Of new stock for eacn 1our nelo'
Holders of 6l9 per cent conVertlble pre-
ferred series to receive con T1sss On mus or
before June II.
Atlantic Coast Line April net operating
income Sl,0l914e against S2,274 III IN
April 1929. Four months s5,Sls,SSS against
IS, 1891.
LoNDoN.-New York cables opened at
Amsterdam 12os7, Italy s2.7S5, Berlin
20.365.
Chesapeake & Ohio Railway declared
regular quarterly dividend of $3.50 on
common. pay July l. record June II.
Webster Eisenlohr. Inc. quarter ended
March 81, net loss S105.371 after ex-
penses. against net profit of s72,21S after
federal taxes in first quarter 1929.
Chesapeake Corporation declared reg
ular quarterly dividend of rs. cents on
common, payable July l, record June II.
$345, 972 after taxes and charges. but be,
fore adjustment bond interest. against
surplus Of 1921. 1891 IN s April, 1923 F3uT
$767.5s2.
United Founders Corporation declared
regularly quarterly dividend of one-seven-
tieth of share. of common on the. COM
mon. payable July /. record May 81.
Briggs & stratton CORPORATION, declared
regular quarterly dividend of so cents,
payable June 80. record June 20.
AxtelI ]. Byles. president of Tide
Water Association Oil Company. states
concerning reports of proposed merger
between Continental Oil Company and
Tide Water Association that there are
no negotiations between the companies
and no merger contemplated.
London Sterling Gables opened 4.s6 lie,
up 1-16 Francs 1892 3-16, up lis.
Atlantic Refining Company advances
gasoline 1 cent a gallon In Pennsylvania
and Delaware, making tank wagon price
Is cents and service station lS cents
Commonwealth and Southern Corpora
ton and subsidiaries in twelve months
ended April 80, $780, earned II cents
share against 81 cents share in pre-
ceding year.
Crude oil production last week aver
aged 2,559,5OO barrels daily, decrease
of 2S,4OO barrels from preceding weeks
average and 11O,65O barrels below aver
age of like 1929 week, American Petro-
leum Institute reports.
Gasoline stocks reduced $685. 900 barrels
to So, 482, 900 barrels last week, American
Petroleum Institute reports.
New York Edison fills vacancies on di-
rectorate by election of James C. Brady
Jr, son of late James Cox Brady, and
Floyd L. Carlisle president of Niagara &
Hudson Power.
American Commonwealth Power Cor
poration and affiliated COMPANIES Tor
ports balance of S43l2,2 after preferred
dividends, but before reserves ad taxes. as
against 81, 454,801 in preceding year.
Reading Company authorized by J., c.,
C. to isue S7.8OO,OO0 equipment trust
certificates to be sold at not less than
1888 per cent of par.
Stockholders of Edward Ford Plate Glass
Company approve merger With LIBBY
owens Glass Company.
Pittsburgh g. West Virginia railway de-
clared regular quarterly dividend of s1.50.
Delaware & Hudson April net operating
income was $295.683, against $666 40 ~
April. 1929. Four months. S1400,224,
against $1,879,284
Western Maryland third week May
gross S3SO,459. decrease of s13.16O
from 1920. From Jan. 1 to May q,
$708S,233, an increase of SI17,39O.
American and Foreign Power Company
and subsidiaries 1929 earnings S4.0l
against s1.32 a share on l,248.dOO COM
mon shares in 1928.
Richfield Oil of California. quarter end
ed March 81, earned 81 cents on 2,043,-
514 common shares against 81 cents on
1871 86 shares in first quarter OF 1929.
Attorney-General Mitchell states inves-
tigation by department of justice. into
Bethlehem Steel Youngstown Sheet and
Tube merger had disclosed no violation OF
Clayton act, department continuing study
Of proposal.