The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-28

Scotch Dillon Company declared extra
dividend of 80 cents and regular quarterly
dividend of 80 cents payable FEB. IA,
record Feb. s.
National Surety Company for year 1880
shows premiums written $1S,OS5 600, in
come from investments S1.925, 1880, net
underwriting loss S427,659. Depreciation
in market value of investments $1,ISS,-
S51; surplus decrease $1,6S2,S19. Total
resources S45.OOO. 600; $50, 900 invested
in bonds and other securities which
yield a conservative return total of
which amounts to over 100000 in ex-
cess of annual dividend requirements Of
IS share.
Great Atlantic and Pacific Tea Com
pany declared $3.50 quarterly dividend on
common placing stock on $6 annual basis,
against SIS previously
Louisville & Nashville December net
operating income 81 269. ACT, against $2,176,-
626 in December. 1929. II months net oper-
$50.
Grand Union Company ,o st ore sales sales two
II per cent from like 1880 period.
Domestic Crude Oil production in week
d daiy. an SSi increase Of 1850 over pre-
ceding week, but sos. 900 barrels daily. less
than like 1880 week American Petroleum
institute reportS-gasoline stocks increased
1.111.000 barrels to Al. 495,000.
r. w. Woolworth Company including
domestic and Ganadam ssS aas 5sS year
depreciation federal taxes etc equal to
1855 a share $40 par on s,75O,o0O shares.
1884, gsss}ns' s''''S4'2'S or 1855 a share IN
Central States Electric Corporation
reports for year ended Dec. 81, net In
come including S4,966,S54 profit realized
on sale of securities of S8,958,3S3, after
expenses, taxes, interest and after re-
duction of $5,260,952 in valuation of
back dividends, to Dec. 81, 1880, market
prices. In 1929 company reported net
profit including SS,6s1964 profit realized
on sale Of securities, and after S6,434,-
668 write-down In valuation of stocks
acquired as stock dividends to year-end
market prices of $17,594,S21, At annual
meeting Feb. IL, stockholders will be
asked to approve reduction In stated
capital represented by common stock to
$9,64s,7OS from $21,541,51O.
World production of slab zinc in De-
cember, f08, 1873 short tons in December,
against 104,271 in November, and 112,306
in october, according to American Bureau
of Metal Statistics.
Imports Of copper in manufactured
form by United States amounted to a.
S Sg IN Nove sDS and so45s IN octo6er
according to American Bureau of Metal
Statistics Great Britain imported 11,024
and as Against ce 1857 5 in November ys5s5
copper from the United States aggregated
24,170 tons in December against 31.478
in, November and 26,251 in october.
Lima Locomotive Works declared a spe-
cial dividend Of 81, payable Feb. IL. rec
9so g nn Of d iy % BASIS gso net
estimated at $3.50 share against $2S7
share in 1923.
American Ice December profit sSl.076
after interest, but before federal taxes and
depreciation. against $89. 1896 in December,
1929: 1880 profit S5,690,07a against $685.
Freight loadings in United States in week
crease crease Of ii .Ss7 over preceding week. but
121, 2l7 below like 1880 week, and 205. 1928
below 1929 week.
Engineers Public Service Company and
subsidiaries 1880 net S2.65 share on
LOO
standing during year against $3.50 q
share on 1.67O137 average common
shares outstanding during 1929. Enters
natural gas business through purchase
Of stock control of Ell PaSo Natural Gas
Company. To build 275-mile pipe line
system.
Colorado Fuel and Iron Company de-
cIared regular quarterly dividend OF %
cents on common payable Feb. rs, record
Feb. 10.
Jones g. LaughIin Steel declared 81
quarterly dividend on common, placing
stock on 81 annual basis against SIS pre-
viously; 1880 net 1884 common share
against $2e.04 share in 1929.
Poor & Co. omits quarterly dividend Of
SO cents on Glass 3. declared quarterly
dividend Of 371z cents on Class A, placing
stock on $3.50 annual basis against 81
previously.
Commonwealth Securities Inc. 1880
profit S65I,2OI after expenses and in
terest but before federal taxesj in
vestments carried at cost Of S28,903,469
had market value at year-end Of s14,-
s77,42O; net asset value Of common on
Dec. 81. was SI2.31.
Savage Arms Corp. year ended Dec 81
net profit s339.942 equal to Sl.96 on l6T. MS
common shares. against S121.O1o or S4-36
on I65. SIS shares in 1923: regular quarterly
Deere a. Company omitted quarterly
stock dividend Of III per cent on COM
quarterly dividend Of 80 cents on new com.
mon payable April !. record March IA.