The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-08-09


As Of July 81. Mayaower Associates
Inc. held inventory Of stocks ana oohos
with auproxfmate market value Slo.oOO'-
900 compared with approximate cost Oh
these securities Of SIS.00o.00o gain Of
nearly IS per cent in seven months.
Company calculates liauidatinG or break
nm as Of July 81. at about S7.426 share
of Mayfiower stock outstanding against
S7s.6s g. share on Dec. 81, 1923.
Daily average volume of federal reserve
bank credit outstanding during week OF
0OO. 600 over previous week. but decrease OF
s40i .00o, 600 below ike 1929 week Loans ans
on securities on avg 9. were so Al otSeg
loans 81 .000. 900 against Sz.4o4. IVY wv
Total loans s6.036.0oo.oo0 against so,Ooo'-
100000.
Federal reserve bank Of san Francisco
reduces rediscount rate to ga per cent
from per cent.
Brokers loans decreased 81; 100000 dur
i s2stem me rat Tse At sS per Cent against
ner cent a week ago and TAG per CENT
a year ago. New York 84.l against FL FL
and SOL per cent respectively new Few r rI,A
rediscount rate unchangeo at @T2 pei 0eu''
Texas railroad commission viii issue
order reducing allowable production OF on
in the Salt Flat field in Caldweld coe lily
to 10000 barrels daily from 2O,0OU. ok
teen Operators in field signed recommended
ton for reduction.
American Machine and Foundry Com
pany six months ended June 80, net
profit 81 ,58e,229 after interest, depre-
citation, federal taxes, etc, against
S1,O76,6S5 in first half 1929. Including
company's propOrtiOnate interest IN
international Cigar Machinery Com
pany's earnings total net profit was
s1,6S5,64I equal after six months divi-
dend requirements on per cent pre-
ferred stock to Sl.57 a share on 1000
900 nO-par common shares outstanding
Aug. I, giving effect to recent 5-fOr-1
split-up. This compares with $1,227.442
in first half of previous year or S1.16
share based on above share basis.
Childs Company sales .s2,o5o,15O against
$2.3o6:1s2 in July, 1929 Even months
SIS. 631 900, against $l5.932,llS.
Index figures of Cleveland employment
in july. 1914, decline of as per cent low
est since Dec, 1927 against 1888 in June
and 1912 in July. 1923.
bridge reopen with about 2,7Oo employees
at work.
July shipments of railroad locomotives
totaled fifty-six against eighty-one. in
June and sixy-nine in july, 1929, from
year. to date ATS against $685.
It is understood that synthetic Mitigate
producers holding negotiations in Berlin
have reached agreement with Chilean
producers.
United States Rubber reports for first
six months net loss s2797, 403 after in
terest, depreciation charges and foreign
income taxes. against net profit $685.
in first half 1929.
Government to issue consolidated cot;
ton report on condition production and
ginning at noon today
Thatcher Manufacturing Company first
six months earnings were 90 cents 2 snare
on 1871 1896 common shares against 80 cents
on 10000 shares in first half 1923.
Peoples Light and Power year .. ended on &
June 30 balance after taxes So ,775.996,
against S3.494.171 last year.
Sales of oppenheim Collins & Co. for sly
months ended July 81 were S7.777,25o
against s9.s56.O5s in like 1929 period. de-
crease Of 1868 per cent.
July automobile output in United
states and Canada estimated at 255.%9S
cars and trucks. National Automobile
Chamber of Commerce, against S5o.555
in June and 51S.3O1 in July. 1929. Seven
months, 2.6O5.52 against 3.931.105.
General Motors declared regular QUAR-.
terlv dividends of rs cents on common anc
S125 on SIS preferred.
! Newport Company first six months earn.
| ing 20 share on 507,920 common shares
AGAINST So. 10 on 255,337 common shares II
| like 1929 period. Stockholders offered
right to subscribe to additional common
stock at $40 in ratio of one share fol
| forty shares held.
| Glass / railroads on July % had 463. so!
surplus freight cars available for service
| decrease of 8,246 compared with July II.
Construction awards in northern iii.
nois, including Chicago. during July
$40. i54 900 against $50 667. 300 in June anc
| S39 900 80 in July. 1929. First seven months
SI62. $50. 700 against S32.95S,600 in first hall
1929.