The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-07-18
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Summary

Associates Investment Company. first six
months net S4.79 a share against $500 a
share in like 1929 period.
Detroit Steel Products six months ended
June 80, net loss $145, 1913 after charges
against net profit Of S2.l8 common snare
in first half of 1929.
Auburn June shipments 1.116 Auburn
Cord and Saf-T Cabs units against 1900
in May and S144 in June, 1929.
General Foods estimates first six <, months
| net of approximately 81 share the same
as shown in first half OF 1929.
Great Northern and Northern Pacifcc
! stock deposited under merger agreement
in ii1' view Of inevitable delay. but holders adj
| vised against withdrawal.
Ajax Rubber Company to move, g, 1000
| 600 Racine Wisconsin Plant to Charlotte,
N. c.
s7.Si8 cars against 1918 in Ma. and md
154. 437 in June. 1929: SIX months S9o9ioo TS
o as 8573 ds Nav ah 10 95
in June. 1929. Six months 764.21s against
| iii 1868.
| Standard Oil of California will refuse to
sell its products to dealers who engage in
! price-cutting.
President Paul Won Hindenburg has dis
solved the German Reichstag.
Transamerica Corporation applies to list
24.84s, 7s9 of its SIS par shares on New
York Stock Exchange.
Union Trust Company of Baltimore
stockholders to vote July 2S, on merger
with Farmers and Merchants National
Bank which already has been approved
by latter's holders.
clared regular quarterly dividends OF s1.755
| on 81 preferred and $3.50 on Sc preferred
payable Aug. !, record July ~
Average volume of federal reserve bank
| credit outstanding IN week endeo JnlX Wy 30 no;
was l,Ol4, 900. 600, decrease Of SCI 600 600
from preceding week and 1899 5000 o0O Pc
| low like 1929 week Discounted bills of
| 100000 during week.
S. S, Kresge Company in June quarter
earned 70 cents common share against
| SO cents a share In June quarter last
s against 01 si.2 80a a share S1;.' '''O,'
Briggs Manufacturing Company in June
quarter earned sl.Ss share against 81
| SITS a share against s1.2l a share. Com
pany to form British sub Briggs Body
| Ltd.
Fidelity-Phenix Fire Insurance Company
| total assets S83, 780. 298 July !, last against
| S78, 946,592 year previously.
| Richmond Reserve bank reduced redis-
count rate to 31a per cent from per
! cent.
Brokers' loans increased 600 in
week to S3,243, 900. 900, federal reserve
ratio at SO per cent against S1.7 per
cent week ago and 1873 per cent year
ago. New York ratio at S5.2 per cent
against SCI per cent and 665 per cent,
respectively. No announcement on re-
discount rate which is 21s per cent.
LoNDoN-New York cables opened at
4se 7-16.. Paris checks 1883; Amsterdam
1906. italy s2.s75.
Allegheny Corporation six months ended
June So. net income s2227. 266 after ex-
penses interest. etc June 80 9epaartero net ct
same period ended March 81.
Landreth Production COMPANY sells half
| interest in its Hobbs Pool New Mexico
| properties to Warner Quinlan subsidiary
| Texas-Unity Oil Company for 81, 100000.
| half to be paid in cash and half In oil.
Guaranty Trust Company to ship $4,000
900 gold TO France on s. s. Paris tonight
shawmut Association reports net profit
| patton payment in first half S323. 400.
June wholesale prices 2.3 per cent
lower than May and 96 per cent under
june 1929 bureau of labor statistics re-
ports purchasing power of dollar s1.15
against S1.73 year ago.
American European Securities Company
| declared regular quarterly dividend OF
81 so on preferred payable Aug. 10. record
July 81.
General Empire Corporation declared in
Ian -