The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-04-24
THE INDIANAPOLIS TIMES
Business
and
Finance

CHlCAlTO, ADTll G4.--OCdNA4NC $780,
Company has applied 70 the New Iork
Stock Exchange for permission to list
Ii.57s additional shares Of $50 par com;
ten ice cream. dairy and produce COM
panies. Application also requesCs 1ssra5
Of lilo additional shares OF preferred
stock for resale to employees:
ps1i eso Heae s1s7o7s n 1919 and s145
IN 1928. The 1929 earnings are squiya-
lent to $1l.s4 per share on the beatrlcf
stock given in payment and the current
dividend rate on this. stock - an
nualiy. Total sales Of the ten companies
in 1929 we're s4,o22.4l
The Fitrust Company. securities affili-
ate of the Fidelity Trust Company OF
New York has devised . new and sim
pie method Of comparing the principal
common stocks with respect to yield,
ratio Of price to earnings and the mar
gin of protection for dividends. The
tabulation will be revised monthly and
will be available on application to the
Investment advisory department of the
Fltrust Corporation. 100 Broadway.
orders received by Minneapolis Honey
well Regulator Company during the taGee
received in the first quarter Of 1929: Ac-
tual sales for the period were $60f,722 as
compared with s781,55s for the first quar-
ter Of 1929.
The outlook for Public Service Electric
and Gas Company. basis upon the de-
mands for electric current and gas. Is en-.
Of Public Service Corporation of New Jer-
sey. told stockholders at the annual meet
ing held Wednesday. At the stockholders
meeting five retiring directors we're re-
namely. Thomas S. Gates. Carrot A. Ho-
bart. Alfred l. LOOMS. Thomas N NC
Carter and John E. zimmerman.
Di GiorgiO Fruit Corporation has sold
to the Yaccaro interests the stock of the
American Fruit and Steamship Cor
poration. but win retain It's contracts
with the Jamaica Banana Producers
Association. Ltd, and its One-hah In
terest In the four vessels engaged in
the transport Of bananas, other freight
and passengers between Jamaica and
European ports. The vessels required for
the transport of the bananas of the as
ISOLATION that are marketed by Di Gior-
Eio in the United States will be sup
Piled by the vaccaro interests. who will
also provide the supplementary source
Of supply Of bananas In connection With
the European operations.
Directors Of European Electric Corpora
ton. Ltd, the new international public
utility holding company sponsored BY Bon
bright & Co.. Inc, and Field Glore 81 Co.,
have declared an initial quarterly divi-
dend of Is cents a share in cash on the
outstanding Glass A and B shares. placing
both classes of stock on a 60-cent annual
dividend basis. The first dividend is pay
able May IS. to stockholders Of record
April 80, $780,
Edison Brothers Stores. Inc. for the
proiits of $230,22s. after depreciation and
Federal taxes. a new high record in the
history of the company. After allowing
for preferred dividends, the profits were
equal 20 s1.70 share earned on 10 900
shares of common stock outstanding. Total
sales for the year aggregated s5,779, 400.
Directors OF Metropolitan Chain Stores
declared the regular quarterly dividend
Of $1.75 a share on the preferred stock
payable May /, to stockholders of record
April "a