The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-19

49, W.
| and
| Finance
The ZMC-2 all-metal dirigible
being built by the Detroit Aircraft
Corporation for the United States
Navy will take its first venture IN
the air over Crosse lie Airport
Tuesday, if weather permits. Cap
tain william E. Kepner, chief ar
ship pilot of the army, assisted oy
Master Sergeant Joseph Bishop viii
be in charge of the initial flight.
Announcement was made today
that the Cleveland Tractor Com
pany has closed a contract for
7OS tractors, parts and accessories,
to the extent of $4,000 ,OOO| with
the Amtorg Trading Company for
the Soviet government in Russia,
complete delivery to be made dur
ing September to December m
elusive this year. This is not the
first contract of its kind, as the
Cleveland Tractor Company has
handled considerable Russian
business in the past few years.
The ratio of the operations to the
capacity of the American portland
cement industry during the month
of July was 804 per cent, according
to figures released today by the
Bureau of Mines of the department
of commerce. During the month
17216,O00 barrels we're produced,
2O,273,O0O barrels were shipped anu
there were in stocks on hand at the
end of the month 24,372,000 barrels.
Production in July, 1929 was 10 per
cent less and shipments 1.9 per cent
more than in July, 1928. Stocks at
the mills we're 7.9 per cent hlgheF
than year ago.
BIZ United Press
BOSTON, Aug. 10. - President
Frederick G. Hood of the HOOD Ruo-
Der Company of WATERFOWL declllleo
TODAY to discuss published reports
of an impending merger involving
his concern and the Goodrich Rub
Der Company Of Ohio.
It was intimated, however, that
an announcement of some KIND
might be forthcoming in the lmme-
date future.
Reports we're that Goodrich rep
resentatives had been here sewers
DAYS. carrying on negotiations point
ing to the merger. The Hood Com
pany. employing about 10000 hands,
is the third largest manufacturer OF
rubber footwear in the country.
contracts in the Missi1 sipDi valley and md
adjacent territory totalirg SOL wv ~
cubic Yards on Wien psEr1 # 0Tesident' to- said
today. The company has in addI nnon
contracts for the handing Of 54Oe:o0"
en",U to more than 81 mo. 900 on
which work has not yet started
shjpments of radio sets by Temple Cor
OOr9t10n
those in the entire fiscal year ended April
30. or more than $870.000 This was mace
known today by Alfred MarcheV, presloeinC,
space in the clearing district plant OF the
company is at a premium because OF tne
increase n prodRH Gtst OF 0rde ef
on books for Temple receivers VIII exceed
$1,000, 600. according to Mr.. Marchev
Nachman- Springfield Corporation and its
iorio than
a share after all deductions and charges;
including federal income tax. in the fiscal
ending June M ls tPs FTeE "A
TODAY. Total net earnings of the company
available for dividends and bonus to
executives were $685. as compsre en w1eq
of Shares of the corporation, outstanding
was 74483 and 3 fraction, after giving
effect to the position of the companies
that were Joined with Nachman in the
latter part of the year,
The first National Cornoratiou OF Ros-
70, and the Central Illinois Company
are making puh'c offering today Of
new issre IF So, 600 zoo ten-year neT
cent. convertible 6ehent,res Of the United
Carr Fastener CORPORATION at 30 to yie'h
Ga ner cent These bankers ere also
o6ferine new. iss"e of no par com
mon stock of the United-Csrr Fastener
Corporation at S21 per share.
Directors Of the Schiff Company declared
the regular quarterly dividends Of Is
cents a share on the common stock ano
$175 A share on the preferred stock. both
payable Sent. Is to stockholders of record
Aug. 81, 1929.
c. c. Cornell. formerly assistant man
acer foreign department of the Central
ranoyer Bank & Trust Company, has
ioined Motor Dealers Credit Corporation
IS assistant ce-p-esident' the company of
commercial Investment Trust Corporation
"A. Sisto s. Co. announce the forma-
ton of the Sisto Financial Corperaion
which Is to be managed by the hrm OF
I A. Sisto g. Co.. and has been organ
lied to buv. SELL trade in or hold STOCKS
and securities Of any KIND, sn1 1 a so r,a6-
ayers of syndicates and undertakings
Profits of American Maize Products
Company for the six months eng ende e,7 June ne
$3.50 on the company's common shares
after preferred dividends ,o B Bal sheet tfe
shows Items q against fn cur cur
rent liabilities of $247. 1888, a ratio OF about
nineteen to one. Company'S surplus is
Central Alloy Steel Corporation sold
more of its rust-resisting Toncan IRON
than in all of 1927 and came uV WITHIN tor
1928 sales TO date are 81 per, cent
higher than for the same period last
year.
thousands Of persons of the middle
west. west and southwest, are expected TO
attend the First American" celeorat lon
To he held at Albuquerque, N. M, from
Avg ii to "a. according to E. w. Clapp,
traffic manager of the Southern Pacific
Railroad at Chicago.
Commercial Investment Trust Corpora
tioJ1 through its subsidiary Commercial!
investment trust incorporated has signed
an exclusive contract with the Petroieum
Heat end Power Company, stamford,
Conn. for financing the time sales Of auI
thorized dealers handling "Petro' Oil
burners throughout the country