The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-06-12

Tobacco Products Corporation notlnsS
sek ExchsHSs 9 PEe24o66S SHARES fns 81 from
3, 467. 600 shares and IN oo common 70 $3.50
600 shares from 5.ooooo shares.
New york gables opened si n b3ndq42a o 8;
italy. s2.so5; Berlin. 2o.So5.
American Manufacturing Company de-
cIared q dividend Of 80 cents on COM
mon stock. out Of earnings accumulated
prior to Dec. 81. 1880. payable July l.
of record June is. Previously paid 81
quarterly.
Heavy melting steel scrsp. Of :, 80 g cents Tis
= : s tom IN N'H0A'4S '4'''
McQuay Norris Manufacturing. Company
declared a regular quarterly diyloenq o.
rs cents on common stock. payable July l.
Of record June o.
Mexican Eagle Oil Company. Ltd. year
ton was 5.i75,55S n Mexican dollars
other income was S642. 757. making 1oL6aI
income Of s5siSi3S from - Tni4n S 2tnS
IS sss. OI0i' '''1"10'' against - 80 90 -
United Verde extension mining cuts divi-
Trading profit of Canadian Eagle OIL
Company. Ltd. for year ended Dec. 81
1880. was 6,925.905 in Canadian dol
lars. After deduction of S1,946,64O pre-
miums written off purchase of Eagle Oil
transport preference shares and $1,000
900 reserve against investment in and
loaned TO Arend Petroleum Company net
profit was SS.9S3.265, against s4,4S6.4i5
in 1929.
May new constructions contracts IN
territory east of Rocky Mountains tosaled
$500; OBS. 100, against year ago ago. accord
American cyanamid Company to hold a
special stockholders meeting June "a 10
vote on cut in stated capitai to ISL! $40 - a
and processes on other items. after pro
Soce S hOB &c ab Boz 0G siz Sd SHARE
international Telephone and Telegraph
Company and associated companies Mar roo
quarter net l9 cents a share on 6,642 5O6
shares. against 81 cents share on 5.61l: =
32l shares in like period of 1880: a dlvi-
dend Of so cents also was declared.
Federal farm loan board approves
sale Of Kansas City Joint Stock Land
bank to A. o. Stewart and bondhoIders
committee for s26,75O,OOO. New bank to
be operated as Phoenix Joint Stock Land
bank of Kansas City.
Farm board prepares to make supple
wool handled this season by National
Wool Marketing Corporation, according to
Carl Williams. chairman.
Refined copper stocks at end Of May in
snort tons. an increase of 80 746 TONS or
81, 400 900 pounds over. April and compar-
ing with 4.2o5 tons in March. according
to the American bureau of metal statistics.
Hackensack Water Company and sub
p ptSt ss25S.8is after taxes. depreciat!o5n1
tftSsrs:' Of 1880. 4'l-'' 'N'''4'' - A'''
Directors Of the Bankers. Trust Com
panY- declared a regular serni-annual divi
dend OF So a share. payable June 80. OF
Nay sales Of Loft ans amog gEs to
crease Of $2.227.l95.
Daily average volume of federal re-
serve credit outstanding during week
ended June 10 was S934,O0000O. an in
+ crease of $4,000. 900 over preceding
: week. but sS0,OOOOOO below like 1880
week -.
- Brokers loans decline $40, 900 600 in
week to 81 ,490 GOO, 900. Non brokers, loans
of $4,000 600. Reserve system ratio 91.2
per cent, against 84.2 per cent a month
ago, and S3 per cent year ago. New
k ratio 91.2 per cent ard 657 per
cent. respectively. No announcement was
made on rediscount rate now at Ia per