The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-01-16

.LONDON-Hew York cables opened at
lsss7: Amsterdani. no 1867: italy. sz.f5s:
Berlin. 2o.4s.
;, National TUBE Company subsidia.rie: Of
United states Steel Corporation gets order
for 100000 tons Of seamless pipe.
White Rock Mineral Springs fourth. guar;
ter net Sl-16 common share against 81. &c
share in like 1929 quarter; for twelve
months $40 share against s4.s6.
United States and Foreign Securities
1890 net equal TO S5.5s q share on first
preferred against 1921 common share
in 1929; liauidating value of common
$40 share against sSo.57.
Alfred Decker and Cohn Inc, year ended
Oct. 81. net loss s2ee.1ei after charges and
depreciation as against net income Of So. s.
common share in preceding year.
Federal Light and Traction and sub
siolaries twelve months ended Nov. 80,
p pFerrs Sa 5i' o 5aSe GsseS a1o
fore depreciation. against S2046.e29 in
preceding twelve months. November
s2So.sso IN NovemSsf. 1853. '-''''-'' 4'''''
State Street Investment Corporation
taxes But beofe os d fo sae Of se ano
Common stocks costing So. i22 s55 at year
end had market value Of S6.061 .038 and
preferred stocks costing s26o7l had mar
kst value of $3.50 500. Liquidating value
s6517 a share against SS7-s4.
Volume Of bankers acceptance outstand-
Ing on Dec. 81 was s1.555. $50. POI. de-
cline Of s15;451.473 from Nov. 80. and
compares with ao sl.7s2.4s6,Sss outstanding
Average daily volume Of federal re-
serve credit outstanding during week
ended Jan. II was s1,175.00O, 900. de-
crease of S1S0,OO0.000 from preceding
week and s1Ss. 900 below Like 1880
week. Bills discounted declined S49,-
oo0,CO0 from week ago and S127, OOO.0 900
from year ago to s243.O00 900. Bills
bought declined $4,000. 600 and SI27,-
100000, respectively. to S196, ZOO, 900, and
United States securities declined Sl5,-
10000. and increased SI65, zoo, 900, re-
spectively to s644 100000. Loans on Sc
cur;ties by New York city member
banks, $S,1e4.000. 900 against S3.2SS, OO0,-
coo a week ago. All other loans S2,454,-
100000 against $2,425.O 1000, 900. Total
loans $5,577.09O,0OO against $5,65s. Co.,
600.
United Paperboard Company. Inc, six
months ended Nov. 90 loss S92. AS after
expenses bit to before depreciation against
i 1873. taxes IN SIX months ended NOV 80
Mohawk Investment Corporation 1880
profit sl11,546 after expenses and taxes.
against pEQat Of $Ss 7aS IN 1923 common
had maEet Tane Of end and 0f
ferTed stoc ck go costing $1o4288 had market
ya!ue OF S97. 300; Iouidating value s43.07 a
:, Market value Of bonds listed on stock
so5 $50 aga 81 e. 81 7 ass s Ss 5s was
1880. - s'' -
Elropean Electric Corporation. Ltd, in
net income Of 40s after 9 Interest and
400. ~ S'OO'
Brokers' loans declined SIS, 900 900 in
week to S1,S2O.001. 900; non-brokers loans
declined S35,OoO,OO0; reserve system ratio
79.S per cent against 1858 per cent week
ago and 1874 per cent year ago. New
York ratio SO per cent against 1873 per
cent and ZIG per cent. respectively. No
announcement on rediscount rate now
at 2 per cent.
Pierce Petroleum Corporation declared
dividend Of 10 cents on common; three
months ago initial 10 cents dividend was
paid.
International Mercantile Marine de-
clared dividend of 81; in 1880 company
paid dividends Of 81 on Feb. Is and
a. Stein & Co declared regular quarterly
dividend OF 40 cents on common.