The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-17

on the common stock payable April /.
10 stockholders Of record March 20. The
regular quarterly dividend on the pre-
ferred stock OF sl.75 a share was also
declared. payable April /. 70 stockhold-
ers OF record March 20.
have declared a stock dividend of 20 per
cent on the oompsny's common stock.
payable in common stock on Feb. Is. to
holders of record of the same date.
Al the same time the directors declared
a quarterly dividend of 40 cents a share.
PAYABLE March I, to stockholders of rec
ord Feb Ie, the cash dividend therefore
applying to the extra 20 per cent dis
tributed In the form Of stock dividend.
The governors of the Chicago Stock Ex-
change late Saturday approved application
for listing 449. 996 shares Of the Common
Stock of the Greyhound Corporation and
trading in the stock was scheduled to be-
gin on the local board.
Southern Pacific Lines announced re-
duoed fares effective Fep. u and % for
.he WAshington's birthday holiday.
Round trip fares sill BE- reduced one
and one-third OF the one way fares be-
tween all points west Of and including
ogden and Salt Lake City, Utah. and FL
PasO and south OF Portland. where the
one way fares are $50 or less. Tickets
will have a return limit of Feb. rs.
An order for 400 ambulance and hearse
GLASSES has been placed by Henney Mosor
Company, subsidiary Of Allied Motor In
dustries. Inc with the A o. Smith Cor
poration of Milwaukee, Wis. for delivery
within the next four months. The ma
tority Of these specially constructed
GLASSES will be used IN the production
OF Henney hearses equipped with q
patented three-way service device to
which the company holds exclusive rights.
Expenditures of citizens of the United
States travelling TO foreign countries last
year. including visitors to Canada, the
tropics, Europe and other overseas
points. amounted to approximately
$3.50, 900. 900. according to estimate
made by the baggage insurance depart
ment of the Fidelity Phenix Fire In
surance Company.
PITTSBURGH, Feb. i7.-Directors of
Mests Machine Company declared an
initial quarterly dividend Of 40 cents and
an extra of 10 cents Oh the common
stock, placing 1t on si.60 annual basis.
This compares with rate of sl2 share
annually. in force on the old stock. which
was split ten for one on January, amount
ing to an increase of 81 share on that
basis, exclusive of extras. The dividend
Is payable April l. to stockholders OF rec
ord March Is.
AnElo-NorEegian Holdings, Ltd. which
is the largest British unit In the vhal-
ing Industry. reports that net earnings
Of Its two principal subsidiaries for the
year ended June 40, 1929. totsIed S1,262,-
992, of which S662.23s accrued to the
benefit Of the holding company. Actual
dividends received from these subsidisr-
les amounted to S479,493 and net in
come from these sources. after all ex-
penscs, amounted TO S437,400. This is
over four times the amount required for
dividends on the preferred shares for the
period. After provision for preferred
dividends there was balance Of approx
mateIy S243, 900 available for the 100000
shares Of common stock outstanding, or
81 cents per share out of the S1.3S per
share which accrued to the benefit of
the holding company.
Expenditures for cigar advertising in
1880 will be larger than in any previous
year. according 10 a study of the in
dustry completed by Otis g. Co. Because
cigar companies in the past have been
slower to adopt machine volume produc-
ton and because cigarette companies early
spent large sums for national advertising.
cigarettes have rapidly gained in COMPETE
ton with the cigar. it is pointed out.
The Amerada Corporation, Dixie Oil
Company and Mid-Continent Petroleum
Corporation operating Jointly, announce
the completion of a new well, Edwards
No. /. in the South Earlsboro Field of
Oklahoma The we'll has been drilled in
with an initial ow at the rate of 5000
barrels daily.