The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-03-21
BY VINCENT LYONS
Times Financial Editor

Times Financial Editor
Trading in the common shares Of
Citizens Gas Co. at present is very
limited. but this condition did not
always prevail. analysis Of the trans
fer books Of the company disclosed
today.
Several years ago there was fever
ish dealing in the issue. which was
participated in actively by local in
terests- This furry eliminated in
1881 with the acquisition Of 30.985
shares by the mysterious Dow e.
Co"
These 30.985 shares are held by
the Canadian Bank Of Commerce in
New York for the account of Dow
& Co. What individual or group Of
individuals Is represented by this
name can only be surmised. The
use Of short. easily read names as
dummies" Is a device used extern
sively in Wall Street TO hide the
identity Of ownership of stocks.
Transfers Are Listed
When the shares we're transferred,
the names Of the persons from
whose names they we're transferred
and the amount is shown in the fol-
lowing table:
Transferred From. Date Amount.
J. r. Hooker. July - -----.......-. sac
william T. TAYLOR. Aug. 25-......... 1900
Clarence r. Span. Aug. 25...-..... s20
William ". Miller. Aug. 2S.-...... 1000
Circle Securities Investment Co.
Aux * CONGRATULATIONS. 1888
Gavin L. PAYNE. Aux. p .-......... 1895
Mary y. Stubs. Aug 25 --......... -
Richmond Harris. Aug. - 5i6
Frederick r. PAYNE. Aug. p 10000. SIS
Indiana Trust Co. Aug. . -......- $500
Officers Of the Citizens Gas Co.
have been active traders in the
common stock. c. L. Kirk, vice
president and general manager. had
but one share in 1923, the year he
joined the company. In the next
few years he acquired substantial
holdings and the transfer books
disclose the sale of more than 1900
shares in 1923.
Officers Bought Shares
John r. WEIGH. then president. at
the close of 1911 was the owner of
$50 shares. but he sold 655 shares
early the next year. He re-entered
the market soon after and brought
his total holdings up TO $50 at the
close of 1915. The records show the
transfer Of I78 shares in June. 1920.
giving him a balance at the present
time Of I78 shares.
G. A. Efroymson. treasurer. was
credited with the ownership of $50
shares BY 1918 and sold all but two
shares by June, 1920. In August.
1928. his holdings were brought up
10 SOC. but he sold $50 the same
month. Tine transfer books further
disclose that in June and July 2800
shares we're held by him. In August.
however. 24OO shares of this were
transferred.
Clarence w. EfrOymsOn purchased
1890 shares up to July /, 1919. and
in January and March of the next
wear sold 600 shares. Sales were
continued until his balance was
whitfield down to us shares In
1925 he re-entered the market and
bought SIS additional shares giving
him a balance of 1890. all of which
was sold in 1928.
Liquidated Holdings
Louis Wolf. president Of H. P.
WATSON & Co. was credited with
the ownership Of 25S9 shares in
September. 1925. The following year
he sold 1889. bought 100 shares more
in 1927 and then sold out his entire
holdings the same year. Jennie E.
Wolf. his wife. had s424 shares in
her name at the end of 1928. but
sold everything in the next few
months.
Mamie w Efroynlson. wife Of the
treasurer Of Citizens Gas Co, was
the owner OF oslo shares at the end
Of 1926 and liqudated in June. 1928.
c Milton Kelly and Claude NJ.
Ewing. president and secretary
treasurer. respectively. of the Bek
Financial Corp. at present. were in
tereSted IN Citizen Gas securities
several years back when they were
employees of the defunct City Trust
Co. Nj Kelly acquired 1902 shares
in June. 1927. and sold all of this
stock within the next two months.
Mr. Ewing bought 2l0 shares late
IN 1926 and sole them in December.
In July, August and September.
1927. he acquired SIG shares and
soon after sold I24. In February and
March OF 1928 all his remaining
stock was sold.
Observation-Disclosures Of Ownership.