The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-16

common to 100000. from 100000
Charles C. Keedy, an attorney Of will
mingtOn, representing CelOtex Company,
stated he was notified by A. J. StockIy.
attorney for David Alder, that he will go
before chancery court today and ask
that AdIer's petition for appointment of
a receiver pendente lite for CeIotex
Company be dismissed. StockIy was re-
ported out of town, but an associate
said that application for dismissal of
petition will be made.
Colorado g. Southern directors re-
! elected.
Gamewell Company acquired business
/ of lockwood Sprinkler Company of Mas
| Sachusetts.
Production of Crude Oil in Darst Greek
| field Texas reduced 1884 barrels daily to
22.295 barrels by mutual agreement OF
operators effective Immediately and to con-
tinue until June /.
Federal Reserve bank condition state
ment May IL shows decrease for week of
! Ss7,OOO,OO0 in holdings of discounted bills
and $4,000, 900 in bills bought in open
market. Member bank reserve deposits
increased s29, 900, 900 and cash reserves
clined $21, 200, 900 and Federal Reserve
note circulation S.S.1OOOOO total. Bills
and securities were S31,1OO,O0O below
| previous week.
/ Armstrong Cork directors approve offer
ing to stockholders of 100000 ten-yeaT
payment of bank loans and for compile
ton OF expansion.
ri
regular quarterly dividend of 40 cents
share on $40 par value capital stock pay
able July IS. record June 20. In two pre-
dividend of 10 cents.
Anaconda Wire and Cable in quarter
ended March 81, 1880, earned Ia cents
share.
United Corporation has offered to ac-
standing common OF Columbia Gas and
Electric on basis of 1-3 of share of
United So preference and ,11a shares of
United common for each share Columbia
Gas ex-special dividend in voting trust
certificates. representing common OF Co
lumbia on Lea and Gasoline Corporation.
Marine Midland Corporation declared
regular quarterly dividend of 80 cents
payable June 80, record June 2. Fred
erick Beers president, Nat:e.al Biscuit
Company; James G. Blaine, president
Fidelity Trust Company, and David G.
wakeman, vice-president Crum &
Forester, were elected directors. Elaine
also was elected a vice-president.
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 conn
mon increased to 100000 shares from
1000, 900.
Eaton Axle and Spring and Wilcox-Rich
merger assured with 210333 Glass shares
of Wilcox-Rich deposited under consolida-
| ton plan. Deposit date extended to May
% from May TO-
-yackensack Water Company first
quarter earnings were 20 cents a share
on combined 95.125 shares of per cent
participating preferred and 2O5,O00 COM
mon shares, against % cents share
| 2O5.0OO common shares after preferred
dividend in Ike 1929 period.
Engineers Public Service Company de-
clared quarterly dividend Of so cents
| placing stock on $2.40 annual cash basis
against 81 in cash and 1-25 Of a share
| previously paid.
LONDON-New York cables opened at
s4s6 against s4s5 31-S2. Paris checks
1855. Amsterdam 1e.OS5, Italy 92.6S5,
Berlin 20.265.
vulcan DEFINING Company. quarter
depreciation. taxes, etc. against Sl64.563
in first quarter 1929.