The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-08-08

sterdam II. osT. italy 97s 6. Berlin zo.ss5-
As Of July 81. Mzyiiower Associates
Inc. keld inventory Of stocks and bonds
with auuroximate market value Sl6'oeo'
600 compared with approximate cost Of
these securities OF s13.O00.0O0 gam Oh
nearly 25 per cent in seven months
Company calculates IiauidatinE or break
up as of July 81. at about s7.426 share
Of Rfayfiower stock outstanding against
SsS.6s a share on Dee. 81. 1922
Daily average volume of federal reserve
oanK credit outstanding during week OF
Aug; s. was ssS9: voO ih bnt Secqease Of
s40I 00o. 600 below like 1929 week, o LOANS anS
on securities on Aug s. were SsoSI atSsg
ioans sS sos oeO 800 against s24e4 900 600
Total loans s6.05 .o000 900 against so.oSV'-
100000.
Federal reserve bank of San Francisco
reduces rediscount rate TO 5's speE Cens
from 4 per cent.
Brokers loans decreased 900 dur
ing, the week to .OOe, ooO: re, reSe "a
system ratio at se.1 per cent agsln ms EN- SS;G
per yee eens aeo New YORK s4.l against ST.
and 6s1 per cent respectively; New aoIk
rediscount rate unchanged at 2ts per cent.
rexas railroad commission will issue
order reducing allowable productlon OF gu
in the Salt Flat field in Caldw a IL county my
teen operators in field signed recommends
ton for reduction
American Machine and Foundry Com
pany six months ended June 80. net
profit s1,5S6.229 after interest, depre-
citation, federal taxes, etc, against
sI.O76,6S5 in first half 1929. Including
company's proportionate interest in
International Cigar Machinery Com
pany's earnings total net profit was
s1,635,641 equal after six months diyi-
dend requirements on per cent pre-
ferred stock to S1.57 share on 1,OOO,-
900 no-par common shares outstanding
Aug. !, giving effect to recent 5-for-1
split-up. This compares with S1,227,4i2
in first half of previous year or S1.16
a share based on above share basis.
Childs Company sales $2,o5o15o against
si5,sSi,sos, against si5,ss2.lIs.
in iJ Jufy ssq d decline Of is per cent. low
est since Dec, 1927, against 1888 in June
and 1912 in July. 1929
Ford plants in sommerville and Cam
bridge reopen with about 2,7oo employees
at work.
totaled fifty-six against eighty one. in
June and sixy-nine in July, 1929, from
year, to date ATS against 3SS.
1t is understood that synthetic Mitigate
producers holding negotiations in Berlin
have reached agreement with Chilean
producers.
United States RuOber. reports for first
six months net loss 50, 1877, 403 after IN
terest dreciaton charges r ana s fSrsi ign
in first half 1929.
Government to issue consolidated cot
ton report on condition production and
ginning at noon today.
Thatcher Manufacturing Company first
on 1886 common shares against IS cents
on 10000 shares in first half 1929.
Peoples Light and Power year ended
June 80. balance after taxes S3,775,996,
against $5.494,l71 last year.
6 saSs Of dn 9gPe9 9h9 G0as 81 9E IS
against $9.356o53 in like 1929 period. de-
crease OF 1853 per cent.
July AUTOMOBILE output IN UnILeu
States and Canada estimated at 275,@9S
cars End trucks, National Automobile
Chamber of Commerce, against 35O,555
in June and 51S.3G1 in July. 1929. Seven
months. e.6O5520 against 3.9S11O5.
General Motors declared regular quar-.
terlv dividends of rs cents on common and
SIPS on S. preferred.
Newport Company first six months earn
ing $1.26 a share on 507 1920 common shares
against $210 on 255.337 common shares in
like 1929 period. Stockholders offered
right to subscribe to additional common
stock at $40. in ratio of one share for
forty shares held.
Glass railroads on July % had 463. SOS
surplus freight cars available for service.
decrease of 8,246 compared with July IA.
Construction awards in northern ILL
ssd cs sss 400 In June ' sny
$39 000.80 in July. 1929. First seven months
1852, 632,700 against $32,953600 in first half
1929