The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-07

BIZ mica Press
NEW YORK, Jan. 7.-Sales OF F.
w. Woolworth Company for the
year ended Dec. 81, 1929, were $685.
033 1894, compared with S287 ,315, 1854
for the corresponding period of 1928,
an increase of 5.57 per cent. De-
cember sales were S44, 1853 1896,
against s45 ,44o,944, in December,
1928, a decrease of 2.83 per cent.
BIZ United Press
NEW YORK, Jan. Hershey
Chocolate Corporation today de-
clared quarterly dividend of s1.25
share on the common stock plac-
ing it on a SIS annual cash dividend
basis and an extra dividend of 81
on the convertible preference stock,
both payable Feb. Is to stock of
record Jan. IS. The company pre-
viously paid regular quarterly divi-
dends Of $3.50 on the prior preferred
and 81 on the convertible preference
stock, both payable Feb. Is.
The fifty most active stocks traded
on the Chicago Stock Exchange
during the week ended Jan. 4, had
market value of S2,128, l60,949 at
the close of business, Saturday, as
compared with $2,046 961 ,249 at the
close of the previous week, accord
ing to a compilation by Lage & Co.
This represents an increase of $751;
100 TOO or Of nor cent
Butler Brothers has sold ST. SOC. 900 S
per cent debenture gold notes to Chi
cago banking group to finance the com
ningham, president. The notes will be
offered publicly in a few days by the First
Sey, Stuart & Co.
NEW YORK, Jan. THE mer-
ger of Owl Drug Company with
Drug, Inc, was announced today by
officials of the latter concern.
"Owl Drug Co., a leading factor
in the retail drug business on the
west coast" said George M. Gales,
vice-chairman of Drug, Inc, "brings
to Drug, Inc, important new retail
OuCACCo All 1UTo itldI1u1ClSNO
plants"
No details Of the merger were
made public.
Edison Brothers Stores, Inc: report sales
against ss2472e for the 'U same month in
1928. an increase of SS9. o50 or 27.4 per
cent, Sales for the twelve months lust
ended totaled S3.75l.628 compared with
81 90. for the same period year ago,
gain Of S765,627 or 25.6 per cent.
the year ended Nov 30. 1929. are reported
by the American States Public Service
Cor par This compares with a net OF
increase of ,557 for the 1929 period
Earnings Of the American States Electric
Company, subsidiary, are included in these
figures.
Directors Of American Machine & Foun-
dry GfGm6fng tsd the regular
from 81 to s1.T5 a share. placing the
stock on regular 81 annual dividend
basis. The regular quarterly dividend Of
Sl.75 share also was declared on the ST
preferred stock. Both dividends are pay
able Feb. l. to stockholders of record Jan.
II. In 1928 the company paid 81 in regu-
lar dividends on the common and SO in
extra dividends.
Judging by an increase of about $780,
100000 in total dividend disbursements
during 1929, the non-ferrous metal mining
industry enjoyed a prosperous year. Cop
per producers were the largest factors in
this increase. They can point to 1929
as the best year in the history Of the in
dustry. After o seemingly insa tiable de-
'land shot the price up to "a cents a
pound early in the, year, the copper mar
ket was more or less permanently stab
ilized at IS cents compared with an aver
age of 14.5 cents in 1923. World produc-
ton in 1929 will prove to be about 2.200.-
1923.
new issue Of So 500 600 Province Of