The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-06-27

meeting Aug. IL. declared regulaI quar-
able Aug. l. record July 10.
Federated Metal Corporation declared
a regular quarterly dividend Of 25 cents,
uayable July 16. reerod JIuy L. In pre-
vious quarter company deferred action
on dividend.
Tobacco Products Corporation resumes
dividends with declaration OF euarte55Iy s
Aug. is. record July 16. Dividends passed
oct. 30 1929. prior to which. two quar-
terly dividends of IS cents each nao oeen
paid
United states Finishing coEmopa angts has oS
SSartsay d dividead Of ; sls on
was declared payable July J. record
June IS.
Crown zellerbach Corporation. declared
regular quarterly dividends Of $3.50 on
and B convertible preferred payable Sept
/. record Aug. ID.
New York Central May net % oGpssrrsstinng
1929. Five months S25,796,l95. against
Sal. 38o.251.
ILLINOIS Central System May ;, M net
88l in May 1929 Five months ss,31S4l2.
against $11 .362,427.
American Home products Corporation
declared regular quarterly dividend OF 80
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, 636, 026 after taxes and charges but
before depreciation against 81 $780, lI IN
May 1929. Five months $6,963,697 against
$6,855,213.
Daily average volume of federal reserve
bank credit outstanding during week enox
ed June %, was $975,0oo, 900. decrease Of
$31 900 600 compared With previous week
and $332, 900 900 below same week Of 1929,
according to federal reserve board.
operating income $64o,371 against s663,3Is
against Inst ss,22s, 625. " '-''
J. G. White Engineering Company
stockholders to vote July 81, on plan APP
proved by directors to split stock FIVE
for-one change part to $50 from 500
and increase authorized stock to 100000
shares from $4,000.
Adolf Goble. Inc. calls outstanding. ten
year. per cent notes on July Z, at 104
and accrued interest.
Anaconda Wire and Gable Company de
quarterly dividends of rs cents were paid.
Brokers loans de decreased aca $37l, 900 600 in
system ysds to pao At per cse agans s
year Yea ago. New York ration ss.s per
cent respectively. No announcement on
New York rediscount rate which remains
at 21a per cent.
Investors Equity Company subsidiaries
in year ended May 81, including earn
ings of motion picture capital corpora
ton from date Of merger, Oct. %, 1929,
earned $3.50 a common share against
$3,41 a share in preceding year.
Company states directors have determined
to proceed with preparation of plan for re-
incorporation and disqualification "as i'm
and company have been disposed Of
faYorably." says ut is expected plan will
be submitted to stockholders in final, from
during latter part of summer. Board con-
WINGED 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 80.
Bell Telephone Company declared regu-
lar quarterly dividend of 50 on common.
payable June 80, record June 80.
Federal reserve bank of New York
monthly review says May sales of re-
porting department stores in this dis
trict averaged per cent larger than in
1929. Stocks of merchandise on hand
at end of month slightly smaller than
year ago. May sales of reporting whole
sale firms showed Ia 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 gen.
eral leasing act of 1920 to permit govern
ment and lesSees of its oil lands at Kettle
man Hills to join IN agreeemnt with other
operators to curtail production and elim1-
nate waste.
Reading Company declared regular
quarterly dividends of 81 on common and
So cents each on first and second pre-
ferred stocks.