The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-18
Business
and
Finance

] BIZ Z EfffN tffrH
NEW YORK. June IA merger
linking two huge aviation concerns
was reported in Wall Street today to
be impending between United Air
craft and Sikorsky. Financiers an
ticipated confirmation of acquisition
of Sikorsky by the United concern
soon would be forthcoming, and that
the deal would make the combined
concern comparable in the air field
TO some Of the largest combinations
in the auto field
Rov Fogas. manager OF the Thorn NC
An shoe store at p North Illinois street,
Will leave FRIDAY ior tour Of his COM
pany'S nine factories in New England.
With 200 other managers. district super
vsors and executives. he viii spend a
week IN getting closeup Of the industry.
and observing the multitude and COM
pleXity OF shoe factory operations.
The trip. a yearly Institution OF the
Melville Shoe Corporation. operators Of
$50 Mean Rival and John Ward stores. IS
designed 10 l3mIAarlzc managers with the
latest DEVELOPMENTS in shoe manufacturing.
ana in some respects 1t resembles a
travelling classroom
A third store Will be added soon
to the chain of Davis Stores, Inc, in
Indianapolis. officials said today. A
number OF locations are under con-
sheraton for the new store.
Present stores are at 217 North
Illinois street and 416 Indiana ave-
nue.. A warehouse also is maintained
al 316 Indiana avenue.
The Davis factories at Kokomo
and Chicago manufacture the Davis
A-C Duo Dynamic all-eleCtric radio,
climaHine seven years Of radio
manufacturing
Although the stores here have
been operating only three months.
there are approximately one thou
sand Davis radio owners in the city,
officials declared
F--Ceu-O Aircraft and Tool Corpora
ION was admitted todav TO the Detroit
stock Exchange. With 100000 shares OF
trading stock. The. COMPANY recently sold
~ ono -harCs to PROV de funds for an cE-
panslon program which included purcha SC
Of additional land buildings and equip
ment.
I'm Times Special
DAYTON O.. July 16-The best half
year period i'm the history Of the Frtgidaire
Cooperation vas cnjored during the first
Sis months of 1929 with Increases in ship
mcnts Of elcctrc refrigeration units
ranging from 81 pcr cent to 112 per cent
above tho-, Of the same period Of 1928.
if was announced hero today.
Shipments of household electric re
trigerators showed tho greatest increase
with gain OF l12 per cent over those
for the same period Of 1928 Electric water
cooler shipments amounted to 81 per cent
fb0vo those for tho corresponding period
Each successive month saw records OF
the preceding month surpassed. Produc-
ton was ncrca scd early i'm the. spring.
when the unpreccocnteo -food Of orderS
poured INTO DAYTON and soon the factories
were operating 20 per cent above their
normal rated capacity.
MayS outstanding record Of units in
stalled fell before that of juno. The
increase is dgurcd at l6.9 per cent Every
record ON the books CT this Genera! Mo
tor subsidiary was broken during the
FIRST hall Of The wear. IT vas said.
Ep ufsd Press
MONTREAL July S-No definite de
cisiou has hccn reached by the Canadian
National railways in regard to enlarged
terminal facilities at Detroit. or Wind
sNr. Sir Henry Thornton. president. said
trd2v. in telegram 70 Justice Miller
" tho border cities Chamber Of Com
niece.
suburban service between Detroit and
"onti1c viii be inauSuratcd as planned.
SIR Henry wired. hut ii must wait on 4
&c F-,f o. a,ng pENn h
street station in Detroit. Likewise. he
aid the railroad Is studying tho aues-