The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-06
DOW JONES SUMMARY

DOW JONES SUMMARY
pseiac Tel. & Tel. quarter ended March
81. net income 81 98l.253 after charges and
axes against S3.sls.7s4 in hrst quarter,
Southern Pacific Company authorized
by I. c. C. to issue Si1.2940OO Oregon
Lines first mortgage bonds to be sold at
not less than 95. and accrued interest
and proceeds used for corporate
purposes.
Newport Company and subsidiaries in
March quarter earned 81 cents on as5' 99S
shares shares in s'- ike 1928 quarter Common
holders OF record May % offered right %
subscribe for one common share al $50
a share for each 40 shares held Rights
expire June 20 Declared regular quarterl
dividends Of so cents on common and -
cents on class convertible stocE b.eh
payable June record May %.
Western Auto Supply Company declared
regular quarterly dividends OF rs cents on
Gloss and common stock payable June
/. record May 20.
Surplus freight cars on Glass railroads
decreased $3.50 cars during period from
April Is to April %.
Copper Exporters, Inc. has. reduced
price OF copper l cent a pound 10 1880
cents c. j. +. European base ports.
Control OF Indian Motorcycle Company
passes from Norman T. Bellies, president,
and associates, to E. Paul Du Port and
associates.
NEUTRALITY-SUSPICIOUS. Motor Car
Company declared a dividend of per
cent in common stock on common. pay
able June 2, record May 10. In previous
quarter company declared quarterly divi-
dend of 80 cents in cash and prior to
that quarterly dividends of 81.
Chrysler April shipments we're 81 sat
units against 5S,sl6 in March and SO. 1855
in April, 1929.
G, C. Murphy April sales were 81, 900, 64a
months, $4,4o1,929. against s4,o35,413.
American writing paper first quarter
earnings were l9 cents common share
against cents share in like 1929 quar-
Ford Motor Company adds two new tri-
motor models to its line Of airplanes one
Of which is powered with three Packard
Diesel engines.
National Tube Company. United states
Steel subsidiary, has received orders for
$50 miles of 22-inch and S75 miles of "a
inch seamless pipe, involving 2O0,0O0
tons. Order also received for $50 miles
of pipe for gas lines from AmerillO,
Tex, to Chicago.
Canadian Locomotive received order for
four consolidation locomotives from Tomd-
skaming & Northern Ontario railroad.
Lenor Stores April sales 50, l62. 25o
against Sl.3l3.53 in April 1929. Four
months s6,912l03 against $4,673,4sO.
National Shirt Shops April sales s5,s7l
against S285, 806 in April, 1929 Four
months $3.50. l06 against sl.105.523.
Federal reserve board reporting mem
Der banks in leading cities on April 30.
report increases for week of 50 200, 900 in
loans and Investments S126.O0O, 900 in
new demand deposits; sci 900. 900 in time
deposits and $4,000, 900 in borrowings
from federal reserve banks and decreases
Of S12,OO,OOO in government deposits
MccrOry Stores April sales s3.651Oy
against s3,l57.734 in April. 1929. FouS
Wabash railway files application with
]. G. G. TO acquire control Of Wheeling
g. Lake Erie which was allocated to It
under official consolidation plan.
General Cable Corporation for first
quarter reports net loss of S487 253 after
interest. depreciation. etc. against profit
OF $l,024.97l or rs cents common share
in like 1929 quarter.
A. P. Giannini, founder Trans-America
Corporation. has retired from all of his
official positions although he will serve
as director on several companies. Clam
mini had previously announced his in
tention TO retire upon his Goth birthday.
Louisville Gas and Electric in 1929
earned S2.3e on combined 600.374 Glass A
common shares and 300 e 59 Glass B COM COM
507, 38l Glass A and $751; 56 Glass COM
mon in 1928.
Atchison Railway authorized by I. G. g.
to acquire control by lease OF Oil Fields
& Santa Fe Railway.
Pacific Coast Company quarter ended
March 81 net earnings SOL ,9f3 after eX-
penses, against s163,e in first quarter
Federal Bake Shops April sales s305S7O
alainst s369,5l7 in April 1929. Four
months Sl,576,577 against s1,i02, isi.
year ended Dec 81. net income 1925 $50.
after interest Federal taxes provision for
bad debts etc. against 5000, 233 in 1923.