The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-06-20
DOu,-JOneS
Summary

Oklahoma oil operators approve pTsogTos $50
900 Barrels daily during third quarter
Of 1880.
Foreign copper sales Thursday came to
10, oOO. 900 pounds at -. soc g ] Ham
burg Hacre and London. Largest day
sales since middle Of May.
Michigan Steel Corporation declared
extra dividend Of 1 per cent in stock.
payable Oct. 20, record Sept. 20, and
regular quarterly dividend of 621s cents
payable July 81, record June 30.
Calumet and Arizona Mining Company
will suspend operations OF It's oleacnlng
and electrolytic plants at the new Cor
nelio mine division at AJo Arizona IN an
sdort to secure more economlcsl 9peIa-
ton during present depressed cond-tlons
Of copper metal market.
CITY Machine and Tool declared regular
ouarteriy dividend Of 40 cents on common
payable July l. record June zo'
Thatcher Manufacturing, Company de-
clared regular quarterly dividends OF az
cents on common payable July /; record
June 20, and 90 cents on convertible pre-
ference payable Aug. Is. record aug. D.
sr dsdl Nav Al 1870. earned s17S on 1872 500
no~par shares against SIPS in same 1879
period.
situminous coal loaded at Lake Erie
ports in week ended June IS, totaled
I.s57.522 tons against 1.214,5S6 in like
1929 week. For season to date 1O,922,966
tons against 1O,S27,1O6 in like 1920 pc
Rod and 7,957.169 in 1923 period.
City Investing Company declared a divi-
dend of 50 so on common same as year ego
oo qua Of SITS on preferred also de-
clared payable July l. record June 20
Chicago surface lines share of May IN
come after expenses taxes and other
charges, $13S, 100 against S204,S19 in May,
Brazilian Traction Light and Power
Company subs may net income aIIeI
expenses, but before depreciation aq I'd
amortizationo s2.5l7,5o2 against $2'4l0'l0'
in May, 1929.
Swift g. Co. received refund in taxes
over assessed in 1915 which with inter
est. amounts to about 100000 according
to bureau of internal revenue. LIBBY NC
Neill e. Libby and affiliated companies
awarded $S,700,G00.
Bancamerica-Blair Corporation elected
L. A. Woolams formerly vice president OF
California Packing Corporation director
Daily average volume Of federal re-
serve bank credit outstanding during
week-ended June IS. was S1,006, 100000
an increase Of s12,OOO,OOO over previous
week, but decrease of s275, 900 from
like week of 1929.
Leading dealers reduced bid and asked
rates on bankers acceptance e OF l per
and 30-60-90-day maturities l-4aZ rs Ior
100 days and 29sa2 VI per cent Tor 100
1870 days.
Brokers loans decreased $211 900, 900 in
week to $3.787. 900 900 federal red system
ratio 1913 per cent against $50 per cent
week ag9 and 76s per ceH CENT agast
857 per cent and BIZ per cent respective
" New York redisccunt rate reduced to
az per cent from per cent.
Trustees OF estate of John A. Sutton
minority stockholders in American Tele-
graph and Gable Company filed suit in
supreme court New York county asking
sales Of company to Western Union be
set aside and Western Union ordered to
turn over all of cable company's prop
erLY OF Iuu NdluO " IcCClFcA W NC Hp-
pointed by court. Also asked dissolu-
ton of cable company be enjoined.
Alleged consideration of $2,03O,OOO,
which Western Union is to pay for prop
erty is grossly Inadequate" and that
sale constitutes an attempted fraud on
minority stockholders
May gross of Illinois Central system was
oh in
May. 1929. Road continued to cut operat-
ing expenses sharply in line with reduced
month is estimated about ST $50, 900 against
$1,77s.SSI in may. last year This . indi-
600 against a gross decrease of around
81 .800, 600
was something over $50, 600, 600 against
$74. 54s. 100 in similar 1929 period: Five
So gao, 600 against $11.362, 1923 year ago.