The Indianapolis times., 1930-06-28


regular quarterly dividend of p cents,
payable July I6 recrod Jluy 1. In pre-
vious quarter company deferred action
on dividend.
Tobacco Products Corporation resumes
/ dividends with declaration Of quarterly
dividend of 20 cents on class A, payable
Oct so. 1923. prior to which two quar-
terly dividends OF 35 cents each had been
paid.
/ United States Finishing Company has
omitted quarterly dividend OF so cents on
common due at this time Regular
quarterly dividend of SITS on preferred
! was declared payable July /, record
June &c.
Crown zenerbach Corporation declared
regular quarterly dividends OF Sl.50 on a
and B eonyyerta5lse preferred payable Sept
New York Central May net operating
income $3.50 I'll. against 10. 0.009, 702 in
1929; Five months $25,796,ls5. against
Illinois Central system Nav net
operating income 81. 457 642. against Sl.779,-
8S1 in May 1929 Five months Ss,3l3, 4l2,
against sll,362427.
American Home products Corporation
declared regular quarterly dividend of 35
cents payable Aug. l record July IA.
Continental Oil Company gets interior
departments permission to drive three
offset wells in North Dome Kettleman
hills to TembIor zone to protect its
property lines from drainage, but will
not be permitted to place wells on pro-
duction.
Southern California Edison May balance
81 SCOOPS after taxes and charges but
| before depreciation against 81 696.317 in
May 1929. Five months $6,96S t97 against
$6,855,2l3.
Daily average volume of federal reserve
bank credit outstarn6dlilng &c during urin week end
S3l; 900 900 compared with previous week
and 1882 900 900 below same week of 1929
according to federal reserve board.
operating income s640,37l against S663.318
| in May 1929. Five months $685. ,30l
against $5,229,625
J. G. White Engineering Company
stockholders to vote July 81, on plan ap-
proved by directors to split stock FIVE
for-One change part to $50 from SIOO
and increase authorized stock to 500, 600
shares from 10000.
Adolf Goble. Inc. calls outstanding ten
year. per cent notes on July 7, at l04
and accrued interest.
Anaconda Wire and Gable Company de-
clared dividend of 37l2 cents, heretofore
quarterly dividends of rs cents were paid.
Brokers loans decreased 1871 100000 in
week to s3,4l6, 100000 Federal reserve
per cent week ago, and 1853 per cent
year ago. New York ration $50 per
cent cent against 859 per cent and 77.2 per
New York rediScount rate which remains
at 2la per cent.
Investors Equity Company subsidiaries
in year ended May 81, including earn
ings of motion picture capital corpora
tiOn from date of merger, Oct. %, 1929,
earned $3.50 common share against
S3,41 share in preceding year.
President Falrburn of Diamond Match
Company states directors have determined
to proceed with preparation Of plan for re-
portant matters affecting match industry
and company have been disposed Of
iaVoraDlY, says 1T is expected plan will
be submitted to stockholders ia final from
during latter part of summer. Board con-
vlnced plan will be greatly to benefit of
stockholders.
Cleveland Tractor Company declared
regular quarterly dividend of 40 cents on
common, payable July Is. record June 30.
Bell Telephone Company declared regu-
lar quarterly dividend of 50 on common.
payable June 80. record June 30.
Federal reserve bank of New York
monthly review says May sales Of re-
porting department. stores in this dis
trict averaged per I larger than in
1929. Stocks of mercna disc on hand
at end of month slightly smaller than
year ago. May sales of reporting whole
sale firms showed il per cent decrease
from a year ago. Total sales of chain
stores in May below April, but slightly
larger than last year.
Senate ADOPTS Walsh bill amending gem
eral leasing act of 1920 to permit govern
ment and leSsees of its oil lands al Kettle
man Hills to Join in agreeemnt with other
operators to curtail production and elimi-
nate waste.
Reading Company declared regular
quarterly dividends of 81 on common and
so cents each on first and second pre-
ferred stocks.
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