The Indianapolis times., 1930-07-11

Sugar melt Of IS United States re-
fners Jan. 1. to June q, totaied Z'S69'OoO
long tons against 2,5sS,0OO in like 1929
periods. Deliveries 2,145,ooo long tons
against 2,345,oOo.
Proration committee of Mid Continent
| OIL & Gas Association has called meeting
/ is. 10 decide on plans for further curtail-
ment by 0per cent OF present allowable
proration production.
Tide Water Pipe Company reduced Penn
grade Crude Oil in the Bradford Field N
Pennsylvania and adjacent Allegheny r1eid
! in New York IS cents barrel to sz.lO,
/ effective July IL.
Lehn & Fink Products Company hrs. six
against s5.7o a share in like 1923 period.
Oil operators in Rumania have agreed
in principle TO accept offer Of Standard
oil Of New Jersey and RoaI Dutch-Shen
TO buy all export surplus Of Rumanian
oiI-operators also agree to restrict
drilling.
New. York Central Railroad to build
BY Clarkson, spring. Washinston and West
streets in New York to cost between $i0,-
900 900 and sl5.Ooo,Ooo
Estimated area sown to wheat in Canada
for 1880 is "a. $4,000 acres against 70
255.Oo2 in 1929. according to dominion
bureau Of statistics.
Hudson & Manhattan Railroad Com
pany elects to presdtednSy. C9areS of Iitsd p Rs E
ways and Electric Company OF Baltimore
for TGavts' i've 'lthh Months ended May 81. sI58. q
s35s s2'2s os Share On 1900 commea shares i i
! like 1929 period. May net proft amounted
! to $40. .446 after charges and taxes. against
s46,35l in May, 1929.
Daily average volume of federal reserve
bank credit outstanding in week ended
July was SI,O75.0OO.O 900 an increase of
S44,O O,OoO over previous week. but de-
crease of sS36,OOO,OOO from like 1929
week.
Gold movements at New York during
s5Is Of which sS35 900 was frem ood Brazil tl
fadiHVI Latin AMERICA asD Goid earmarked for for
eign account increased 100000.
wilIett g. crav estimate sugar consump-
ton in United States in first six months at
| 1850, ,420 long tons against 3.0O9,377 N IKE
period 1929, a decrease OF about 4.So per
| cent.
Brokers, loans. of s1s,oooi 600 t9 ss,2OS.++
100000. Federal reserve rsdo' 81 agalnSt ms
New Me-; YORK TeeH rafio, to- 81 against si.2 and
| 687 respectively. Rediscount rate, un-
changed at 21la per cent.
Auburn Automobile Company in quarter
| ended May 81, 1880, earned S4.25 share
1sssss s sSarss in shnSsS sss agat
same period previous fiscal year.
Department Of agriculture reports In
dicated corn crop of July /, as 2,SO2,-
900, 900 bushels against 2,622, 100000
harvested in 1929, and ten-year average.
2,7OO 900, 900. All wheat, sO6.OOO,OOO
bushels against Sc, 100000 and S33,0OO,-
600, respectively.
New York Stock Exchange loan on July
! 1, at 5.53 per cent of the market value
| Of all shares listed against 6:33 per cent
on June ?. o,6 decrease 9 o. 90o pc, cenE; ner
| cent Market value of listed stocks $685.
ss2, s27.05s decrease of $ii, ,126, ,52s,224 in
the month.
White Rock Mineral Springs irst six
months earned s2.3S share on 10Y; Ooo
common shares to, be outstanding agalnSt
half half Of 1879.
Pennsylvania Power ana IlRnG May phl-
ance after charges and taxes, 1851 'S2s IN.
months suplus after preferred dividends
! S7.114871, increase sls6'45O.
Adams Mills Corporation declared reg
| ular quarterly dividends of so cents on
| common and $1.75 each on hrst ana Sec
ond preferred. all payable Aug. l. record
| July 18.
tax valuation of SlS,OOO,OOO placed
on holdings of FreepOrt Texas Company
in Brazoria county by figures established
by county commissioners court. This is
900 more than value placed on
holdings by company. but less than half
! original valuation fixed at SILL 900.
| BRYAN Mound, the companys wholly
| owned property assessed at S1,918. 900. and
| HoskinS Mound owned jointly with Texas
! Company assessed at $40, 781. 900: At
| torneys again file formal protest OF valu-
alton.
Appalachian Gas stockholders to. vote
Juiy 21 on authorization for 100000 pre-
! ferred shares for issuance as directors may
1 propose.
A. Holander g. Son. Inc, six months
| ended June 80 net income was SlSl $3.50
! after interest. depreciation and federal
taxes against s535,S21 in first six months
of 1929.
Canadian Pacific first week July gross
was S3373, 900 against $4,05l: 900 IN IKE
was sSS, ,7s2. 900 against slo2. $4,000.