The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-17
Doze,-JOnes
Summary

At the annual meeting Of stockholders
| Of the Marnon Motor Car Company nelo
Thursday all officers ana directors OF tne
company we're reelected. No statements
we're issued
Newton Steel Company has fled amend
creasing number Of shares on no-par
common to 100000. from 100000.
Charles C. Keedy. an attorney of Will
minxton. representing CeIOtex Company.
stated he VAS notified by A. J. StoekIy.
attorney for David Alder. that he will 20
before ehaneerv court to-day and ask
that Adler's petition for appointment Of
a receiver pendsnte lite for Celotex
Company be dismissed. StockIy was re-
ported out Of town, but an associate
said that apphSatiOn for dismissal of
petition will be made.
Colorado q Southern directors re-
elected.
Gamewell Company acquired business
Of lockwood Sprinkler Company OF Mas
sachusetts.
Production of Crude Oil in Darst Creek
field Texas reduced 1884 barrels daily to
"a. 2o5 barrels by mutual agreement OF
operators effective Immediately ana 10 con-
tinue until June l.
Federal Reserve bank condition state
ment May Il shows decrease for week OF
$4,000, 900 in holdings Of discounted bills
and $4,000, 900 in bills bought in open
market. Member bank reserve deposits
increased $29, 900 and cash reserves
S6,1O0.OOO while government deposits de-
cIined $21 100000 and Federal Reserve
note circulation S28, LOG. 900 total. Bills
and securities were S31,100,O00 below
previous week.
Armstrong Cork directors approve offer
ing to stockholders of SIS. 200, 900 ten-yeaT
convertible bonds. Proceeds to be used for
payment Of bank loans and for compile
ton OF expansion.
New York Transit Company declared
regular quarterly dividend Of 40 cents
s sbs On So aHs o. n So
ceding quarters company paid an extra
dividend Of 10 cents.
Anaconda Wire and Gable in quarter
ended March 81, 1880, earned II cents
share.
United Corporation has offered to ac-
quire,, approximately Is per cent OF out;
standing common Of Columbia Gas and
United s. pre dsiS and IL shares Of
United common for each share Columbia
Gas sex,specisl dividend in voting tT rust
CCTIlI1CabeS representing COnlHOH "a w.
lumbia Oil and Gasoline Corporation.
Exchange offer expires June 10.
Securities Corporation general stock
holders approve 10-for-1 common Split-up
and division of $4,000 isSuable first 81 pre-
ferred into two securities, Sc and 81 and
to exchange new 81 for old first preferred
on share -for-Share basis. Authorized COM
mon increased to 5000 900 shares from
!. 900, 900.
Hackensack Water Company first
quarter earnings were 20 cents share
on combined 95.125 shares of : per cent
participating preferred and 205,OOO COM
mon shares. against % cents share on
2O5,OO0 common shares after preferred
dividend in Ike 1929 period.
Engineers Public Service Company de-
clared quarterly dividend of so cents
placing stock on $40 annual cash basis
against 81 In cash and las OF share
previously paid.
LONDON-New York cables opened at
$3.50 against S4.85 1882. Paris checks
1884. Amsterdam 1907, Italy 92.685,
Berlin 20.265.
Vulcan DEFINING Company quarter
ended March 81 net profit S110, 445 after
depreciation. taxes, etc. against Sl64,565
in first quarter 1929.