The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-09-30

To refute rumors that the new
Kennedy screen-grid electric radio
is to be sold by mail through the
Studebaker Mail Order Company,
Colin B. Kennedy, president of the
Colin B. Kennedy Corporation. at
South Bend, Ind, Sunday issued a
statement denying them.
Beneficial Industrial Loan Corporation
reports that loans made during the eight
menths ended Aug g. 1922 20. sm eI 9t7 TO TO
the eight months ending Aug. 81, 1928,
gain Of SO o42 2o2 or IS per cent .s ad Nu~ n
i or appTaxmay 81 per cent
During August alone the number of loans
Increased from 21,853 last year to, 2s.7
s4i78 ysS5 to sR s42 aS amount '0'e' '0
The board of directors Of Columbia
Gas. g. Electric Corporation adopted 2
increasing the authorized common stock
without par value from 10000 900 shares
to 3o,0O0:O00, shares A special meeting
held at Wilmington, Del. on Nov. 8:
1929. for the purpose, among others, OF
authorizing an amendment to She Ger Ger
poration to effect such increase.
The Polaris mine, idle for forty years.
is to be. reopened by Harry woodward OF
the property is said to have produced
$500, 900 for former operators. 1t adjoins
the Sunshine. sensational producer OF
rich silver ore.
A further continuation Of the high
level Of industry and trade Is shown by
asea 6nn The q ' montb Of Jug
Since the first of the year. the total
sales of large industrial power we're
%. .O00,0 900 kilowatt hours, an increase
of 3,263, 100000 kilOwatt hours, or ia
per cent over the corresponding period
last year. Although an increasing ir-
may. perhaps. be noted when these
figures are anslyzed by the various re-
gions Of the country a sustaining Ia hG.
increase in the requirements If irrIga-
ton pumping.
Allegheny Gas Corporation has Just
brought in a new well IN West virginia
Additional financing of the Bankers
Securities Corporation Of America, which
ganized in Massachusetts in 1925. was
recently incorporated in Delaware to con,
duct general inyestment business sgancy a fo7
locally operated and controlled mutual
investment corporations to be franchised
bounced by i. in by vf E o 5GRaneS CO. M
additional financing will consist of 100,-
900 shares of common stock. without par
value, the proceeds to be used for pur-
chase of securities and for participation in
the underwritings for securities eligible
for purchase with corporate funds.
from the new iGO-ton mill Of the ore
gon Gold Mines Id at .t the Banner Tss
iS install a
S5-ton mill at the nearby Snow Greek
mine, Manager W G: Fellows believes
it will be possible nf. to vi work the two
twenty five men. although heavy SHOWS
in the Greenhorn mountains have in
terfered with past operations
DETROIT. Sept. o-stockholders of the
Houdaille Hershey Corporation at spe-
f in the ee antho s43e cass stock from
1000 600 to 1000 600 shares. No change
was made in the authorized amount Of
Shares, of which 1873, 47o are now outstand-
ing.
of Aeronautics, Tulsa, Okla. shows that
the average time for dual instruction re-
quired before. solo flying. is eight hours
dent of Spartan Aircraft Company,
operators of the school, announced Sum
day.
American. London & Empire Corpora
ton. an investment trust sponsored by
Gilbert Elliott 6, Co., members of the New
ended June 30, 1929, reports gross earn
ings of $806.916, not including unrealized
more than 10 per cent on the So 900 900
capital employed during the period. or at
an annual rate of better than 20 per
cent.
September will be the greatest month
in the history of the mail order house
of Spiegel May Stern Company, the sales
volume being 80 per cent larger than
last September. the best previous Sep
TENDER in the companys fifty years of
business. according to F. L. Innes, presi-
dent and general manager.
There has been $50 per cent increase in
United, States in. the past twelve months,
prepared tables comparing the poundage
carried in August. 1928, with that carried
in August, 1929.
Earnings Of $s,197. SOLOS on the COM
mon stock of the American Smelling &
Refining Company for the six-month period
ended June 30 are shown in the COM
pany's semi-snnual report. issued to
stockholders today. This is equivalent to
$5.021z a share for the period, at the
rate of $l0.05 for the year. Earnings are
computed after deducting bond interest,
depreciation, obsolescence, or depletion,
taxes and dividends on the preferred stock.