davidaulloa/AmericanStories huggingface dataset:
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
Grain FUTURES
CLOSE OFF ON
WEAK SUPPORT
Slow Demand and Tendency
to Sell Are BeariSh
Market Factors.

BIZ United Press
CHICAGO, May 14.-Wheat closed
unevenly lower on the Board Of
Trade after having a heavy tone
throughout the session. Local trad
ers were inclined to sell in the abb
sence Of an aggressive support. De-
mand was slow and there was Moth
ing in the export trade to bolster
prices. World stocks showed sub
StantiaI decrease Of 1887 900 bush
els, but it had no effect. Corn and
oats we're off in the minor frac-
lions with wheat
At the close wheat was g cent
to l cent lower, corn was unchanged
to y cent lower and oats was y
cent to p cent lower. Provisions
were steady.
Easing late in the day. Liverpool
closed z cent to p cent lower. Bue-
nos Aires remained the same, I'M
changed to 4 cent up during the
morning. No exports were reported,
d. IIIE ldl &c UuolilCSo WIZ hSN ~ D-A~
pool Tuesday at fiat prices filed the
demand. Cash prices were Z cent
to q cent lower. Receipts were 8
cars.
Corn advanced at the start but
eased with wheat and at mid-ses-
sion was unevenly steady to lower.
Traders were inclined to be bearish.
The cash demand was fairly active.
Reports are that several cities are
bidding higher than Chicago for IL
linois corn. Cash prices were Z
cent to l cent lower. Receipts were
60 cars.
Oats had fair degree of strength
early, but was unchanged to lower
in a dull market at Woodworking
on the action in the other pits. Cash
prices were unchanged to Y cent
lower. Receipts were So cars.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
DOzC-JOneS Summary

thirty days and viii expire June "a Sub
ScripuonS may be paid in cash on or
before June "a or In four quarterly IN
staliments or in ten monthly installments
Kansas City Southern Railway. Union
Pacific Railroad and Chicago. Milwau
kee, St. Paul g. Pacific Railroad directors
reelected.
Niagara Hudson Power Corporation
and subsidiaries March net profit was
s1.6S4.9S7 after charges, against s1.I71.-
35s IN March. 1929, In first quarter
company earned 10 cents a share on
25,595,lS2 shares, against Is cents a
share based on same number Of shares
in 1929 quarter.
GIdden Company omitted per cent stock
dividend paid in three preceding quarters.
Regular quarterly dividends of so cents
on common and sl.75 on preferred de-
clared.
Frank C. Lowry elected president and
director OF Warner Sugar Corporation.
Horace Hayemeyer also elected director,
LoNDoN-New York cables opened at
495 1892 unchanged. Paris checks 1923 IS:
Amsterdam 12.0s2; Italy s2675; Berlin
2036.
Albany Perforated Wrapping Paper Com
peny quarter ended March 81, profit SIS 029
after depreeiatjon. interest etc, against
Ss2,67l in first quarter 1929. For nine
months ended March 81 profit totaled
s252.959 before federal taxes. against
sl4s.s22 same period previous year.
Hecla Mining Company quarter ended
March 81 profit s295.s9t after ordinary
taxes depreciation etc. but before fed
eraI taxes. against Si9S,O37 in first
quarter 1929.
Car loadinss in week ended May 9. to-
tailed 9428e9 CARS. an increase OF 80, 725
like. 1929 week, and 35l54 below like 1928
week.
Republic Steel Corporation TO start
production of electric weld pipe on large
scale at its new pipe mill at Youngstown
within next few weeks.
Warren Bros. Company has been award
ca contract BY Republic OF Peru for con-
struction Of 500 miles Of roadway to cost
approximately sl2.O00.0o0.
Otis Steel Company first quarter earn
ings 81 cents share on S41.0o2 common
shares. against Si.l9 a share on 807002
shares in like 1929 period.
Crude oil production in week ended May
10 averaged 2.595.15O barrels daily,
decrease of fifty barrels from preceding
week and $4,000 barrels below daily
average in like 1929 week. according to
American Petroleum Institute. Stocks
of refined gasoline decreased CPS, 900
barrels to 5S,2O3. 600.
Philip Morris g. Co. in year ended
March 81. 1896, earned S1.02 share
against S1.15 in previous year.
Exchange sends QUESTIONABLE to members
requesting details of transactions in Man
haitian Electrical Supply common and
Celotex Company common stock.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
TARIFF RATE ON
ACETIC ACID IS
NO REAL GUARD
Protects Producers of u.
S. Against Own Plants
in Canada.
BVrnifcd Press

BU United Press
WASHINGTON. May 1.-Two
acid rates in the Grundy billion
dollar tariff are designed to pro-
tect" American producers on the
American side of the border from
competition from their own plants
on the Canadian side, analysis Of
the acid manufacturing field re-
veals.
Acetic acid is that chemical which
makes vinegar sour. Most people
never have heard of it, but every
man, woman and child uses the
substance in some form every day.
1t is an essential ingredient of auto
mobile lacquer, synthetic silk. pig
ments, textile prints and leather
tanning compounds. The tremen-
dous expansion of the synthetic silk
industry, says the United States
tariff commission. promises to
make acetic acid rank among the
leading organic chemicals"
In 1921, the United States pro-
duced 100000 pounds of acetic
aicd. Imports for that year were
about $4,000 pounds-leSs than one
pound for every thousand pounds
of domestic production. There was
no tariff to destroy this foreign
competition. No one ever had
thought of tariff to protect" an
industry which dominated the home
market.
After the great Harding landslide
in 1920, it was determined that
acetic acid required protection"
When the Fordney -McCumber bill
of 1922 was enacted, acetic acid was
the first item on the list. The duty
was fixed at q of a cent per pound
on one grade and cents per pound.
on another, which two grades en-
comprised all production formulas.
There followed the quick develop
ment of synthetic silk, the ire
mendous increase in automobile
production, and the normal expan-
sion of trade generally. Domestic
production of acetic acid rose from
100000 pounds in 1921 to 95,000,-
OOO III 4OSis AA4lJOA 10 4AlSl CdSEQ Jul -
ing the same period from $4,000
pounds to 100000 annually.
In view of the 1922 tariff, which
ranged from 20 to so per cent of
domestic prices in 1921, the increase
in imports was inexplicable.
The report of the tariff commits
sion shows that practically all of
the increased imports since 1922
have come from Canada. 1t points
out. also, that the new Canadian
plants are owned by the same
United States interests which domi-
nate the monopoly in domestic pro-
duction The destructive foreign
competition recently sprung up,
therefore, merely is that COMPETE
ton which American producers have
provided for themselves.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
Marriage Licenses

Nelson o. Davis. q. Of $50 East six-
teenth, ian!tor; and Dorothy Crenshaw, %.
Of 1889 Cornell. clerk.
Clarence j. Korbe. 25. of 1909 East YER
mont. brakeman and Mary L. Lynch 20,
Of l409 East Vermont.
Clifford Jackson. 25. of 2oOs West Mchi-
gan, mechanic, and Mabel Jones, 10. Of
1910 Blaine.
John j., Ryan. 25. Of 80 North Euclid,
clerk. and Thelma I. jenkins, "a, Of 35lo
East Washington. clerk.
grocer. and Sara c. Stone. 10, Of 2630
frankie Price. %. Of 800 East North.
painter, and Mary Stilwell, 20. of Sl2 East
New York. clerk
Robert H. Kolker. 49, Of 1lOs East Wash
ineton. engrayer. and Margaret M. Braoen.
81 Of South Bend. clerk.
William Childers, 81. Of 4l9 West FOUR
teenth. clerk. and Estella z. Graham. 10.
of 722 North West.
siivio GuiliaTa. % OF 1924 North Ala.
bama: clerk, and katherine S Stout. 10.
Of 2036 linden.
David H. Mundy. %, Of 1852 South RAN
dolph mechenic and Leota G. Benham, ID.
Of 1905 North Mount.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
Record Hop Fails

BIZ Tpitod Press
NEW YORK, May 14.-Strona
headwinds and generally bac
weather conditions were blamed by
Colonel Roscoe Turner today fol
his failure to break the transcon-
tinental speed record recently SET
by Colonel and Mrs. Charles A
Lindbergh.
Turner and his lion cub mas
cot arrived at Curtiss field Tues
day night from Los Angeles, more
than an hour behind the mark he
sought to lower.
Turner's estimate time was Is
hours and 40 minutes, as compared
with IA hours % minutes and q
seconds required by the Lindberghs
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
STOCK MARKET
FOLLOWS STEEL
SHARES UPWARD
Carriers Rise on Increase in
Car LoadingS; Oils
Not Featured.
Average Stock Prices

Average of thirty industrials for Mon
twenty rails is,,, vas 1928 up u Average
age of forty bonds was 95.25. up .o3.
BIZ United Press
NEW YORK, May 14.-Trading
turned more active on the Stock
Exchange today and prices of lead
ing issues followed United States
Steel into higher ground.
Steel hit 1858, up Ia, from the
previous close. Radio Corporation
featured in activity, rising to 5215
up 21s, while American Can rose rs
to 145%; Westinghouse Electric 314
to 179A; Vanadium SIS to 11011,
and Eastman. Kodak rs to 25o94.
Car Loadings Up
An increase in car loadings
brought good buying into the carrier
shares for a time and they rose l to
more than 2 points, featured by
Atchison, Western Maryland, Erie
and New York Central.
Trading continued highly profess
sional, however, without public par
ticipation. Under cover of strength
in the leaders, traders sold many
stocks, including oils, utilities and
special issues. Coppers receded from
recent highs and rails sold off from
their highs in the late morning.
International Salt was feature
on the down side. The stock dropped
to 1884, where it was down 1874
points. Around noon it rallied to
1921.
Money Steady
Other losers included j. I. Case
at BAT, off IL; Standard Oil of New
Jersey, at 8O7s, off II; Standard of
New York at 3714, off Is; Columbia.
Gas, 1875, off 2; Electric Power and
Light, 90A, off IS; Anaconda, 625s
off q, and Nevada Consolidated
Copper, 221s, of p.
Wortllington Pump was in de-
mand in the special issues, rising
Az points to 1884,. Loews was firm
in the anusements. Bethlehem rose
nearly 2 points with United States
Steel; United States Aircraft rail-
lied nearly 2 points in the airplane
shares; Kelvinator and Servel were
strong in the electric refrigerator
issues.
Call money renewed at per cent
and held steady at that rate.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
On Commission Row
FRUITS


AppsBaskst 1aldwins "a s 25 N3rf gtsg
n licious. sla4,5o; stayman. sac 525: Wine
s s}o Ben Beia' Davis avis $3.50: winessDs. STA
$50.
Grapes-California Emperor, kegs, IS. SO
Lemons-Fancy California. s5.75G6 rs:
imported Messina. s5a5.50.
Limes-Florida. s2.5o@S a 100; Do
nit oranges~Fiorida. ssa8.5o: California
naval. s5as crate: Valencia. s6.25Ga a
Pinespples-Cuban. s4.25 a crate.
observation-disclosures. 24-ouaEt crate
PaesaiTTS-Avocado. California. 81 dozen;
DAniou. s475G5 box.
VEGETABLES
neutrality-suspicious. SIPS a dozen.
Asparagus-California and Georgia. 45c
a bunch s3.5094 a case.
Beans-Texas strinRlesS. 1926 ham,
Beets-1ouisiana, new. $3.50 crate; In
diana, 50 q bushel.
PSSsTHf9S nsv 81 sS eTst:: 09 Tsaas
3s sis5s e4si e crate
cu utT 81 IS a dozen.
Eggplant Southern. sl.2562 a dozen
Kale-Eastern. si25 buShei; i soas
crate; dollhouse. $50 hfteen-pound
Onions-CcIorado Spanish. SITS a crate;
Indiana yellow. SIPS a sixty-pound bag:
white 81 a bag: green. homegrown. 45c
dozen; new Texas yellow Bermuda 50 80
a crate.
Parsiey-southsrn soc a dozen punches
Parsnips-- Indiana: .s1.s5 a bushel.
Peas-CaItornia. s. a hamper.
Perpendicular Sc a crate.
NEUTRALITY-SUSPICIOUS. buttons. SOC dozen
ssi tSfes S ao5en bu ineS
Rhubarb-Home-g grown. 35c q dozen.
Spinach-Texas, si25 a bushel.
Tomatoes Florida. sSq6 crate; Mex
Turnips-Indiana So: new 81.
Potatoes-Michigan round whites. IS
525 a i50-pound bag: Colorado Russets
$3.50 a l0o-pound bag: Red River Early
Ohios s464.25 a l2o-pound bag: new
Florida Cobbier. So q 5o-nound hamper.
Sweet Potatoes Tennessee. s2.25:
Louisiana Golden Glow. s2.75.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14

American Gas and Electric Company
S Gesp for Week ended NAY TO- y 1855
decrease Of 1 per cent below same period
Tennessee Copper and Chemical declared
regular quarterly dividend Of IS cents.
American Rolling Mill Company ac-
auired Sheffield Steel Corporation
through an exchange Of common stock.
Reynolds Investing Company stock
holders. approve issuance Of l.2i7.4s9 ad-
ditional common shares TO acquire Rev
nolds Bros. Inc. on basis Of ten shares
REYNOLDS Investing for thirteen shares
General Railway Signal gets 1900 900
order from Toronto Terminals Railway
Company. owned Jointly by Canadian Pa
cifc and Canadian National Railways.
Shell Union Oil Corporation and SUBJ
salaries for first quarter report loss OF
S3l55. 0059 after interest. depreciation. de-
pletion. etc, against profit OF 81. 45S, SIT,
before federal taxes in like 1929 quarter.
Justice department filed injunction
suit to prevent proposed unihcation of
radio manufacturing facilities of West
inghouse and General Electric with
Radio Corporation of American. other
named defendants are General Motors
and American Telephone and Telegraph,
Western Electric. R. C. A. Photophone,
R. C. A., Victor and General Motors
Radio.
Chicago stockholders Of Midland United
Company are to receive rights additional
common at s22.50 shares in ratio of one
share for every five held. Rights to sub
scribe to new stock will be good for
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
Births

Girls
William and Georgia woods. 337 South
Alabama.
James and Luella Boyd. SIS West Morris.
Merle Reimer. 1887 English.
Frank and Mildred Koehne. st. Vincent
Joseph and Josephine Bise. 2454 North
Dearborn.
Joseph and Loelia Abraham. 1921 Central
james and Mary McHugh, $40 Wood
laYn.
William and Leona Princell 274s Barth.
Mahlon and June Addington. 1912 South
PerShing.
Harry and Mabel Phillips. 627 North
Charles and Letha Jones. Coleman hos
pital.
Harry and Gladys Mayhem. Coleman
hospital
Cecil and Beatrice Mize, Coleman hos
Herman and Hazel Moore. Coleman hos
pital.
Everett and Minnie Morrison. Coleman
hospital.
Henry and Alma Letcher. 234s Kenwood.
Fort and Willie Degraphenreid. 1888
Roach.
Harry and Donna Graves. St. Vincent
orvis and Hilda Hubbell. 1852 East
Richard and Elsie stringer. 212s Clay.
William and Marie Kruse. SIS Sanders.
Charles and Mary Brickert Coleman
John and Hazel Cochran. Coleman hos
Bonnie and Beatrice May. Coleman hos
pital.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
SLIGHT CAIN is
MADE BY HOGS
AT CITY YARDS
Slaughter Glasses Steady
in Cattle Mart; VeaiS
so Cents Up.

Hog prices held steady to 10 cents
higher today at the Union Stock
yards, most kinds being steady. The
bulk, $50 to $50 pounds, sold for
$10.35; top price paid was 5000. Re-
ceipts were estimated at $500, hold
overs were 343.
In the cattle market slaughter
classes were steady at the recent
sharp decline. Receipts were 300
Vealers were so cents higher, SELL
ing at $11 down. Calf receipts we're
1000.
A lower trend was apparent in
spring lambs this morning. Sheep
receipts were 500.
Chicago hog receipts we're 10000,
including 1000 direct. Holdovers
we're 5000. Today's market was
steady with Tuesdays average; few
loads Of choice ITO to 210-pound
weights selling at $1025 to $10.35.
Cattle receipts were 5000; sheep
10000.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
Britain Plans New DirigibIe

BIZ Unitod Press
LONDON, May 14-Plans for the
construction of a third giant
dirigible, larger, faster and more
economical than the R-100 and
R-101, already are in the hands of
airship designers, it was understood
today.
The ship will be constructed for
regular transatlantic service, and it
was reported the government would
develop the Cardington airport to
make it the largest and most i'm
portant 6irigible port in the world
for use as a base for the three big
ships.
The new ship will be known as
the R-102. it was understood.
Latest information available in
authoritative circles said the R-100
would begin it's trip to Montreal,
Canada, on May Is, weather per-
rnittinG
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
Deaths

Harry Addison Swain. so. Christian
hospital toxemia.
Samuel S. Broughton, 80, 1916 North
Talbot. pulmonary oedema.
Anna Harris. So zoos Boulevard Place.
chronic n1yocarditis.
Edna Aileen Snowman 36. Coleman hos
pital peritonitis.
Hugh D. Dunnington. ss. 315 North
Senate chronic myocarditis.
Margaret c. Shanghausey. 2e, 1926 East
North pulmonary tuberculosis
Emily Johnson. rs. 2943 West Washing
ton arte-fo sclerosis.
Price shobe. 60. City hospital, hypostatie
n0errn mia
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
Produce Markets

Eggs country run! Loss OF deiyereaa
in Indianapolis. lsc; henery quality NO.
1Oi po9 HF buying prices Hens y, yeis4lne
Leghorn hc1e, i5c: sprlngers; lbs, or
q Ss5 55c &C. o qdoe Cocks aa laSSsc ducks. fu
These prices are for No top quality
0qBet Ttter oV ,E k1oiEaa 4204sc: No
2. 40@ 41c. Butterfat-35c.
Cheese twnolesale selling price PEI
SIC: Wisconsin, frsts, 27c. Longhorns S4c
New YorG ilmoerger. Soc
81 N ENfffSeQ R REsSMS May l4-Flour-ModeEately
active and steady; spring, patents. S2;iI !,s
PorkmRul M 6 aS25 o. Lard TaidWm
STEADY STEADY Special to extra 5s4 acc Potatoes
New steady: old weak; Long Island,
$s.5o@z.5O; Southern ss:2s@S; Name snnef
Potatoes-steady; southern crate, 50;
firm: turkeys, 25@43c; chickens. l7M SAC;
Long Long, Island and Zoe. Live Poultsy-s Steady;
geese I2Tlec; ducks. ia 24c; fowls, 26c;
turkeys goa Soc ROSTERS. 12g1Sc; c2pons,
26c; Young America, 21G25c.
" CHE1CAGo. May Eggs-Market, weak;
receipts 20, TBS cases; extra frsts, 81 IA
22c; first 20c ordinaries. 19@19l3c;
seconds i7hc Butter-Market. weak. re
ceipts 7.288 tubs: extras. 33lac; extra firsts
313z S224c f1rstS 30@31c; seconds. $50
291ac; standards 331ac. Poultry-Market
steady: receipts cars fowls zoe; spring S2T Ing
geese, 14c; turkeys. zoe; ROSTERS, l312c.
BH Tpitcd Press
CINCINNATI. May -Butter-Steady
creamery in tub lots, according to score.
34M 35c: common score discounted. 20 &c.
packing stock No. |. Csc: No. Q. 16c; No.
3. i2c: butterfat, 32635c. Eggs-Stea dy;
cases, included; fresh gathered. 201ac
f1rsts, zoe; seconds. 171zc: nearby un-
graded. 1876. Live poultry-Thin and
coarse stock sells only at heavy discount
fowls. 5 lbs. and over. zoe: 4 lbs. and
over 21c: lbs. and over. 2lc: LeEhorn,
lbs. and over. 19c: ROSTERS, l2c; broilers.
colored over lbs. sic; "a lbs. and over;
34c: IL lbs. and over. 25c: Leghorn and
Orpington broilers. 1e lbs. and over. BIC:
IL lbs and over Csc; broilers, partly
feathered. 24@26c: black sprinegsr, FAC.
= CLEVELAND. May Butter-Extras
seIac: extra firsts. 371ac. Eggs-Extras.
2lc: frsts. zoe. Poultry-Fowls 22m 23c;
medium. pa 23c: Leghorn. zoe: hs-vv
hroilers. $50 40c: Leghorn broilers, 28d 32c;
ducks, 2om24c; old cocks. l20 lac: geese.
100 15c Potatoes-Maine Green Mt. 81. 65
m270 per 10o-lb. sack; Idaho Russet. s3.75
1885 per 10o-lb. sack.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
Insnect Tour Cities

Airports at Rushville and Madi-
son, proposed steps on the second
annual all-Indiana air tour June
1921, we're inspected today by Lee
H. Hotel. tour director, who flew to
the two cities with Walter w. Wins
low, president of Indiana Aviation
Corporation.
Hotel will inspect other fields,
and confer with city and Chamber
of Commerce officials in other
southern Indiana cities this week,
hoping to complete the tours It'll
nerary by the end Of the week.
Nineteen airplanes are entered in
the tour Thus far
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
Lost Record Sought

BW Jnifed pTess
ST. PAUL, Mimi, May 14.-Miss
Florence Klingersmith, Fargo avi-
atrix, announced today that she will
attempt to regain within the next
two weeks the woman's world loop
record. A short time ago Miss
Klingersmith's record was surpassed
by Miss Harriet Engels of st.
Louis, who made 344 loops.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
Cotton Consumption Up

BIZ THited Press
WASHINGTON, May 14.-Cotton
consumption report issued by the
census bureau today stated that
$50, 283 bales of lint cotton we're con-
sumed in domestic mills in April
against 5o8,576 bales in March and
631 .602 in April 1929.
Total consumption for nine
months ended April 80 was put as
4.855, 999 bales against 5,305, 1856 in
the corresponding period Of 1928
1929.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
In the Air

Weather conditions in the air at
9 a. M:
West wind, II miles an hour;
barometric pressure, 1882; tempera-
ture, 81; ceiling. 1900 feet; visibility,
10 miles; field, good.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
YanCeV Starts Tour

NEW YORK, May 14.-Lewis
Yancey and three companions flew
from Roosevelt field today on the
start of a tour Of South Amer ca.
Washington will be the first stop.
Others in the plane we're Isadore
Goldberg. Emil Burgin and Zeh
Bouck. Goldberg win go only as
far as Washington.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
Business
and
Finance

Peoples Light and, Power ,Corporatio
which is controlled by Tri-Utilities Cor
poration. reports that consolidated reye;
nues of constituent companies amountec
81. 1880. as compared with $6,975,758 foI
crease Of $847.219 or 1914 per cent. Oper-
to s4o8a. og7. as against sss5s, 2S7
an increase of S422.870 or 11.55 per cent
Gross corporate income before deductions
for bond interest and preferred dividends
was SO, 74o, $50, representing gain oil
s424,348, or 1878 per cent.
CHICAGO, May 14.-Directors of the
Central Public Service Corporation have
authorized the issuance and sale of an
additional 100000 shares of 81 Cumula-
tive preferred stock. This stock is to
be sold throughout the territories served
by the subsidiaries of the Central Public
Service Corporation in furtherance of
its customer ownership campaign. There
are now slightly over 100000 shares of
the 81 cumulative preferred stock out
standing.
Stockholders OF Muskegon Motor Special
ties Company today approved the pro
posed increase in the capitalization of thu
company to 500; 1000 shares from l25'OO(
the Jackson Motor Shaft Company The
exchange of stock is on share for share
basis.
The Perfect Circle Company. Hagers-
town. Ind, in an official statement,
shows a net income for the first quar-
ter, 1880, of s162,123, after deductions
we're made for interest, depreciation and
federal taxes, equivalent to 90 cents
share on the 1625OO shares of common
stock outstanding. This compares to
S2O5, 2S2 or SIPS per share for the same
period of 1929.
The combined balance sheet of the Utah
Radio Products Company and the newly
acquired Carter Radio Company of Chi,
cago and the Caswell-Runyan Company q
shows cash and government securities &:
S206, 520.7O in excess of all current liabili'
Total current liabilities were shown t.
be 1881 1890 as against total current
assets of s2,456, 546.79, or ratio OF nearly
7l2 to /.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
STOCK SALE PLANNED
American Smelling and Refining
Offers New Preferred.

HW NWr0 ProSN
NEW YORK, May 14.-Directors
of the American Smelling and Re-
fining Company today authorized
sale of 6 per cent second preferred
stock to the amount of $4,000, 900
at not less than 500 a share.
The stock now is held in the
company's treasury. 1t is callable
at sos. Proceeds from sale of this
issue will be used for acquisition
of new properties, expansion of
business and other corporate pur-
poses.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-05-14
AIRFiELD CONTRACT LET
DanvilIe 1ll) Man Is Awarded
Work on Runways.


r. McCalman, DanVille Gid con-
tractor. who submitted low bid OF
s165,000 on runwayS and other i'm
provements at the municipal air.
port, was awarded the contract to-
day by TIE board Of public works.
The contract was approved ten
tatively eight councilmen and a spe-
cial meeting called TO ratify the
award formally Thursday afternoon.