The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-04
Business
and-
Finance

PHlLAOELR11A, Wv. LII
board of directors of the Baldwin
Locomotive works Thursday author
lied the issuance of $4,000 shares
of the new Baldwin stock for the
purpose of concentrating the pur-
chase of all capital stock Of the
Southwark Foundry and Machlne
company.
The Baldwin company acquired
the capital stock Of the Southwark
company since the call for the
stockholders meeting, also held
Thursday, was sent out. Only the
approval of the board OF directors
was needed to complete the deal.
Growth OF the North American Car
Corporation in the last ten years Is moi
showing Show that in 1920, ia employees were
covered by the company group insurance
time Of the original ia covered, % are
still in the employ OF the corporation
Twenty-Five thousand square feet Of
additional floor space will be added to
the Hump Hair PIN Manufacturing Co.
division of the Chain Store Products
Corporation in Chicago When com nm
proximately 100000 square feet of plant
space in its own and leased premises,
officials revealed today.
the Mono Aaircraft Corporation. subsi-
diary of Allied Aviation Industries, lnci
an approved type certificate on the latest
addition 70 its production line Of planes,
the Monosport. This gives the company
100 per cent government approval Tor
It's four models now in production. record
rOo11 NV G.
tUrer in the United States, according to
Floyd Augustine, pre7ident'
Nssnsr H599 5nG sePGr t4o s5 ss co for
pared with $923,335 for September last
year, an increase OF S$.s per cent cent. For or
the nine months ended SePtetHaanfedPs s 81
for the same period OF 1928, gain OF
52.9 per cent.
NEW YORK, Oct. 4.-TOtal sales of
2,524,O78 shares in September established
new record in the volume of trading
on the Securities Market, New. York Pro-
duce Exchange. This is a daily average
of approximately $4,000 shares
Increase in consumption Of tin in, the
three major markets coupled with large
decrease in supplies of Straits tin. caused
a decrease in the worlds visible supply
Of 1874 tons during September, These
we're the Shief Il features at OF 0nthy sen en
retary of the National Metal Exchange,
today.
upon them by the World war that
10000 years of ordinary events has
fasd to teach them Of foTaRs q Fin
ance Corporation, who has studied the
present economic situation both in
Europe and America.
With the establishment of new high
record for sales in the hTst SIX montnS
Of the current year, the Automatic Washer ier
Company appears in a position to make
1929 the best year in its history.
The american ENGINEERING and Manage mage
of the largest motor freight transportation
systems in southern California, with
combined property value OF 50 S00 a0 0Q ~ anq
was learned today from Louis Davis Jr.,
chairman of the company.
Ernest M. johnson, representative of
the bond department of Paine, Weber
s. Company for number of years, has
been appointed resident manager in St.
+ Paul for Peabody, Smith e. Co. of Chi
cago and New York. The Office Of which
Johnson will be in charge will serve
eastern Minnesota and western Wisconsin.
Directors of the American Chain Com
pany have voted to resume dividends on
the common stock at the annual rate OF
So q share through declaration of a quar-
teriy dividend Of rs cents, payable oct.
20 to stock OF record Oct. H.. The last
previous dividend was paid in October
a year ago.
A decrease of s2.6o1 $4,000 or per
cent, was registered in the aggregate mar
ket value Of 100 representative common
stocks in September, according to Fra
zier Jelke g. Company. This compares
with an increase of 81 per cent in August
and an increase Of AT per cent in July
Two new links in the lengthening ma
tionaI chain of subsidiaries acquired in
recent months by the Associated Tele-
ohone Utilities Company were. introduced
today by the acquisition of the Pomona
Valley Telephone g. Telegraph Union and
the Ontario g. Upland Telephone Com
pany, both operating in prosperous Sec
tions of California.
The American public invested upwards
of ST. 500, 900 900 in investment trusts in
the first eight months Of this year, and and
the total investment has now reached the
huge sum of So 500 900, 600, but despite
this phenomenal growth the Investment
trust is still in its infancy and the much
greater investment of 1000, 900, 900 may
be anticipated in the near. future, John
Scott Lansill, president OF the United
States Shares Corporation.