The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-15

was reported yesterday in financial
circles in New York.
Although refusing to confirm or
deny the rumor, I. F. Wiley, presi-
dent of the General Laundry Ma
! chinery Company stated that his
company had been approached by
a banking group relative to con-
solidation.
The GrigSby- Grunow Company,
manufacturers of Majestic all
electric radios, is not effected by
the decision of the federal court
at Wilmington, Del, which held
that two of the three Dunmorc-
Lowell patents had been infringcd
| by a radio manufacturer, William
c. GrunOw, vice-president, an
nounced today.
Mr.. Grunow said: "Three years
ago we obtained license under
the Dunmore- Lowell patent which
allows us the use of the device
by which alternating current from
electric light sockets is used in
place of A and B batteries in our
sets"
Although rising above. the totals
for the two Immediately preceding
weeks, failures in the United States
this week show decline from those
Of year ago. Thus, this weeks
aggregate of 435 is IS less than the
number reported to r. G.. Dun 81
Co., for the same period Of 1923, the
reduction being in the East and
South. The number of inSolvencicS
in the western section was the same
for both years, while moderate in
crease occurred on the Pacific coast.
With the smaller number of failures
this week, those with liabilities of
failures this week, those with liabili-
ties of more than $4,000 in each in
stance fell to 221, from 262 year
ago.
The directors OF Dictaphone Corporation
have declared the regular quarterly divi-
demo. OF 81 a share on the preferred STOCK.
record Aug. l6, 1928. g. " 0'o'Ni''i1'i" -
quarterly dividend of so cents. per share
on the common stock. payable Sept. 3,
1929, to stockholders OF record Aug. Is,
The Tung-sol Lamp Works, Inc. for the
SIX months ended June 80, 1929. showed
federal taxes, OF $5s7 a55 equal to $3.50
fe erred stoG6 oatstandpg Dedgctipg pre-
ance is equal to $l.95 a share on the
228,o08 shares OF common stock out
29l equal tn Sc 80 share the
ferred stock and $1.36 a share on the
common for the corresponding period of
Among all the divisions of the leather
and shoe industry, hides are the most
from a statistical point of view. ac-
eording to the current survey Of the
oS Stst is Of New
following a generally downward trend
since January. Standing at $,9S7,OOO
dropped to 1881 900 at the end OF Feb
ruary, to 3,70S.0OO on Marchc 81. with
slight recovery in April to S75O.00O,
600. followed by further declines to
S.65S,0O0 on May 81. The latter figure
represents 2 gain of only IL per cent.
i i compared with the same date IN
Earnings Of the Eyans Auto Issdng
expected to compare favorably with the
same period Of 1928 and should bring
said today. 1--WE have closed our battery
E2ans SAID for tt ee sprs
analysis of our own orders and reliable
estimates of probable automobile ship
mentS leads me to believe that our second
half earnings this year will surpaSs our
past records.
o. R. seagrave, president of Dixie Gas
IL Utilities COMPANY which produces and
distributes natural gas in eastern Texas,
oblaahoma and Louisiana, in letter to
the twelve months ended June 80, 1929.
equivalent to $3.50 per share. on the 15O,-
600 shares of common stock after pro-
vision for preferred dividends.
@. r. S. Derry Corporations sales, in
July we're 4S per cent larger than
Fletcher. president, announced today.
with shipments from all divisions ag-
on the books indicate that new high
sales records will be established in both
August and September, Mr.. Fletcher
said.
Stockholders of the Carr Fastener Com
the United States Fastener CORPORATION
and to change the name to United-Carr
Fastener, Corporation. Stockholders also
ment of all Carr Fastener Company au-
thorized preferred stock and authorized
issue Oh Sz.UUU.UUU lU-Vedr o per cent con-
yertible, debentures and increase in au-
thorized capital stock by 100000 additional
shares Oh common; M F. Carr, formerly
becomes chairman of the board of direc-
tors and Sinclair Weeks. formerly presi-
dent of the United States Fastener Cor
Carr Fastener Corporation.
The Houston Gulf Gas Company and
subsidiaries report consolidated gross reve-
nue. for the six months ended June 81.
1929. of 1881 .9S9. representing an in
the corresponding period in 1928. Con-
solidated net earnings available tor funded
debt interest Of the HosIfG nro Gulf Gas
depletion, etc, were. 1851 ,9O2, equivalent
ments for the period on the first mort
gage bonds, and after deducting such
interest. to more than 40 times the re
ouirementS for the period on the 6la per
cent debentures.
Arthur Perry & Co. and Halsey. Stuart
Of an additional issue of S2,245, 900 refund
ing. moItgage 5la per cent gold bonds.
pany Of Galveston, Tex These bonds.
which are due July I, 1854. are priced at
500 and interest. to yield $50 per cent.
Reliance Manufacturing Com
pany sales for July were approx
mateIy S1.100,000. including those
of all their subsidiaries. This is
an increase of almost 35 per cent
in sales over July, 1928.
Sales of the Lockheed Aircraft Cor
poration in the first fifteen days of opera
ton ASA subsidiary of the Detroit Air
! craft Corporation were valued at $685.
| 500. E. S. Evans president Of the latter
| in announcing these figures. stated that
| volume of sales will be this aim of the
new management and that production
methods which have babe the automobile
| industry famous. are to be applied in the
plants of all subsidiaries of the Detroit
! Aircraft Corporation. Early next month
| definite schedule on Lockheed production
will be established. Mr.. Evans indicated.
L. V. Kerber. president of the Spartan
Aircraft Company. said today that the