The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-09-03


spoon department. when the install
lation of an automatic feeding ma
chine is completed, according to L.
S. Ganter, president. The machine
was designed by one of the engineers
and is patented by the company. 1t
is an improvement on man-power
in that it completes finishing opera
lions in one action that formerly re-
CURED three men, with results being
more uniform.
The fifty most active stocks
traded on the Chicago Stock Ex-
change during the week ended
Aug. 80, had a market value of
S2,989, 593,8 at the close of busi-
ness Friday, as compared with
$2,912,472,384 at the close of the
previous week, according to a
compilation by Lage & Co., mem
bers of the New York and Chicago
Stock Exchange. This represents
a gain of $77,121,422 or 2.65 per
cent.
Opening of a studio for the pro-
duction of talking moving pictures
for industrial uses was announced
today by T. M. Fletcher, president
of @. r. S. DeVry Corporation. Con-
tracts for pictures from two large
manufacturers have been secured,
and one is now in production.
Purchase by the Detroit Aircraft Cor
Beach, Cal. for the erection OF a large
modern airplane factory was ANNOUNCED
troit' ' Aircraft Gorporation stated that
the final details we're approved at a
meeting of the executive committee today
and that work would be started soon on
the building of a new plant.
The Clark Equipment Company,
e tse and
Company has acquired additional 30
per cent of the stock of that company
fen Frost Stock IS
being received daily by the Clark COM
pany whose officials expect practically
complete ownership to be acquired in the
immediate future.
WASHINGTON, Sept. 3.-Modi-
fication of the packers consent de-
cree to permit the defendants to
own retail food stores was favored
today in the testimony by live stock
representatives at q, hearing before
the department of agriculture.
Total realized and unrealized earnings
Of Federated Capital Corporation, an in
vestment trust. for the quarter ended July
81 were .s472,871 after provision for taxes
announcement yesterday by w. J. Thorold.
president of the company. These combined
earnings, are equal to 81 share. of the
nual rate of $l6 per share.
Among the current changes Of person
mel in the securities field, one that Is
indicative of the widespread interest In
New York City bank stocks is the an
nouncement of the resignation Of Mark
Invites Of Pynchon & Co: to head the
syndicate and wholesale department. of
Ralph B., Leonard & Co., specialists in
banksanad insurance securities.
For the purpose of aiding business exc
cutives in collecting and filing official re-
ment departments. the Special Libraries
Association of Providence, r. l.. has is
sued q special booklet. entitled 'DescIip-
carding United States Government Peri
odical Mimeographed Statements" So far
as is known this. is the first publication
of its kind offered to business executives.
CHICAGO, Sept. 3.-August sales
Of Montgomery Ward & Co., were
larger than any previous month in
the company's history, aggregating
$24,955,3 13, compared with $17,007,-
642 in August, 1923, it was an
nounced today. Sales for the eight
months ended Aug. 81 we're $751;
571, 106 against $127,552,116 in the
corresponding period of 1928, the
announcement said.
HemphiT, Noyes g. Co. announce the
opening today of their Trenton, New
Jersey, office in the stacy-Trent hotel;
r. George Kuser is the manager and
ager. The Trenton office will have
private wire connections with the New
York office and with branch offices in
forty-three cities.
In connection with the acquisition of the
Superior Screw and Bolt Manufacturing
screw screw Works Of Detroit, new financing
aggregating $200o,0oo and consisting of
convertible 6l2 per cent ten-year gold
market within the next few days by a
banking group comprising Bauer, Pogue,
Pond g. Vivian, Samuel Ungerleider & Co.
and Folds, Buck & Co.
Fifteen Of the leading industrial and {.
railroad securities on the New York
Stock Exchange have increased $685.
,032 from the low-price levels of the
year to current quotations, according
to Anderson &, Foxx, members of the
New York and San Francisco Stock
Exchanges.
Appointment by Temple Corporation of
Gene M. Latham as district sales manager
in the New York New Jersey territory was
announced today by Alfred Marchev, presi-
dent. Mr.. Latham was previously asso-
ciated with the Atwater Kent organization
and prior to that service with the Victor
Talking Maching Company for a number