The Indianapolis times., 1930-02-18

competed aICST d year HOLh. IL
will be used to produce full finished
sheets for automobiles. The New
ton Steel Company. incorporated in
Ohio in 1919, was organized for
manufacturing full finished steel
sheets, steel furniture and stamp
ing industries.
The directors OF Federal Capital Cor
poration have increased the cash oivt-
dend on the common stock by declaring
quarterly disbursement Of 20 cents a
share on the. IS par value common stock,
is being paid at a rate Of per cent per
The directors also voted regular
quarterly dividend Of 37i2 cents per share
on the 81 par value preferred stock. The
Increased cash dividend rate on the COM
mon stock places II on an annual basis
the former annual rate Of rs cents per
share. and is equivalent OF is per cent
on the IS par value common stock.
Liliy-TuIip Cup Corporation In It's first
annual report since the merger of the
Public Service Cup Company and the
Tulip Cup Corporation. shows net earn
ings for the year ended Dec. 81, 1929,
after federal taxes, of s624, 4,404.so. equiv
aient after s21 900 paid on the 1000
Share Of Series A / per cent convertible
preferred stock, Of s3.3t per share on
the $4,000 shares of no par common
stock outstanding.
The New York Stock Exchange with
regular trading session of $4,000 shares:
the First National Bank with capital
Of $500. 900; the Chase National bank with
undivided 5, pTUts ,r OF $4,000 G0r No d0He d9
couraged plunger But it is merely
glimpse OF the state Of affairs not so long
ago. as revealed m Wall Street ventures 1sld,1ds
just published by Harper & Brothers.
Airport Lighting, Inc. announces the
completion Of contract with the Cen
eraI Electric Company, under the terms
Of which the General Electric Company
becomes the manufactured of the above
companys special equipment. basis of
reciprocal sales policy is embodied in
the contract. so that the General Elec-
trio Company will actively assist in the
promotion of sales and generally recon-
mend and cataIog the System of Air
port Lighting. Inc, while the latter
company will act a national dealer
for the General Electric Company, quot
ing recommending and selling all stand
ard General Electric equipment appli
able to the wiring and illumination of
1Irports. parallel with its own.
Certificates of deposit representing the
7 per cent cumulst tive preferred stock of
Republic Iron and Steel Company and the
per cent cumulative preferred stock of
Central Alloy Steel Corporation have been
admitted to trading on the New York
Stock Exchange
Directors of Russeks Fifth Avenue.
Inc. have declared an initial quarterly
dividend of 30 cents a share on the cap
itsl stock. payable March !, to stock
holders of record Feb. 25. thus placing
the shares on SLIGO annual dividend
basis.
The orld's production Of metallic tin
in 1929 exceeded record worlds CON
sumption D. 6.493 tons. according to fig
ures lust compiled BY the Anglo-OrientaI
production. followed by price depression.
which has caused British producers 10
take steps 10 rationalize the industry.
During 1929. General Cigar Company.
which Is by far the largest individual
producer of cigars In the United States,
increased its total production Of cigars
compared with an increase for the in
dustry as whole In the United States
of only 9S.Ol5.67S. General Cigars pro-
duction showed an Increase of IL per
cent over the 80. 600 cigars produced
in 1929. last years output being well
over $50. .0000 600. This vas more cigars
THAI any other single manufacturer has
ever produced In a years time. In 1927,
General Cigar produced 1%S,0OO,OO0
cigars and in 1926 its outturn was 700,-
O00. 900. so that the increase in produc-
tion last year was two and one-half
times as great as the gain in the two
preceding years.
According to iuforma ton received by
the National Electric Light Association
from companies representing s5 per cent
Of the light and power industry, the total
estimated expenditures for new construc-
tion already made. or TO be made by
amount is 1o12 PEI cent higher than the
of 1929 The information was obtained