The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-29

SS0coo I nsT high -, record O[s,io and beb
record. made last week.
Purchase of furniture stores in Mans
field. GAINESVILLE and Columbus, Q. by me
noUfnced today bv Edward R. Green. treas
urer The merger extends the operation
OF the company into sixteen cities IN hye
The e Peoples Quitting Company opened
its first store at 1873 West Washington
street in 1898.
and Kansas streets. recently pudcchaSed ri
Carl Schwenzer, druggist at l92S SCUM
Meridian street, is being reomaode'ed at
cost OF approximately $4,000.
.Habie Brothers Company. 1860 South Me
ridlan street manufacturers and whole
salers IN grain and feeds, has purchased
dustrial building adjoining the plant. The
consideration was $4,000
Plans for the reorgsnIisa,t,ilon ., Of f; TIE
Company were made known last night
with the announcement that the directors;
at special meeting held Saturday, voted
changes in the companys charter which
are necessary in order to carry out some
Of the features of the plan.
the Chicago stock Exchange during the
week ended July q. hao a market value
Of la4o 367279 at The close Of a,E BUSINESS rs
at the close Of the previous week. accord
ing to a compilation by Lage q CO. mem mem
bers Of the New York and Chicago stock
s1o4,81t,937 OF 5,7l per cent.
Zenith Radio Corporation today an
nounced that the Zenith company has
made an exclusive contract with the Com
mercial Investment Trust Corporation in
dealers GeT fG retail nsa H s"E sses o.
Commercial Investment Trust. known as
c. I. T.. is one of the largest independent
Eugene F. Macdonald. Jr. said that this
will enable more than 5000 Zenith deal
ers in the United States to greatly eX-
pand their sales volume and to provide
sound financial background for time pay
ment sales.
The Hudson River Night Line has re
neued its application to The United Sates
Government for loan OF SlboO. 600 from
the CONSTRUCTION Loan Fund under , 92c-
ton sol of the Merchant Marine Act, 1923
This figure would represent Is per cent
Of the cost Of construction OF two Diesel-
freight and general cargo. The new APP
pliCations differs from the former in that
the vessels ere to be available for service
from New York to Florida ports or At
iantic seaboard to Havana Cuba or for
transatlantic service direct from Albany.
in addition to the service between New
York and Albany and Troy
The Fierce Governor Company's semi
annual ate ent covering, The SIX months
ended June 30. as made public by President
Neil II. Mccullough. shows net profits be
fore taxes of $3.50 086 for this period,
shares of common stock outstanding. This
is a new high record for this company.
which was publicly financed last year, and
COMPARES with. the full years profits for
Sales in tbe six months totalled s33l;,77
wear 1928 According TO MI Mccullough.
profits for the first seven months Of this
wear should equal those for, all OF 1923,
with sales Of governors and rollers cor
automatic choke receiving increased at
tention in the motor car manufacturing
trade.
Net earnings Of the Richman Bros. CO.
for the first six months Of 1923 were
$40 1928 after all charges. including de-
This compared with 81 657 $50 reported for
the corresponding period OF 1923. and It
was the largest first half net in the history
of the company
banking group COMPRISING B iTiSoTs
Company OF GeT aorA' 1GhLlletaaL d iI n4o
pany. is Offering today s9450 900 The Chi
cago. Rock Island and Pacific Rai!lwa{
Company AZ per cent equipment lIuSt
certificates. Series P, at prices to Weld
from to Sis per cent. for maturities
ranging from Aug. 1. 1880 to Aug. l, 1914.
BIZ Tuitcf Press
ROCHESTER y. Y. July 29.-East-
man Kodak Company directors at
special meeting today voted TO offer
stockholders of record Aug. 20. privilege
Of buving one share of common stock
at $3.50 for every ten shares held. Presi-
dent william Stuber made the announce
ment