The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-05
Business
and
Finance

PHIL Oct. 4.-The
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 consummating the pur-
chase of all capital stock of the
Southwark Foundry and Machine
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 mdl-
Gated by a report, made public to-day,
showing that in 1920. ia employees were
plan, as compared with 400 at the present
time. OF the original IA covered, 70 are
still in the employ Of the corporation.
Twenty-Five thousand square feet Of
additional floor space will be added 70
the Hump Hair Pin MaH r.as PII , 70:
Corporation in Chicago: When COM
pleted this division will occupy ,ap-
proximate!y 100000 square feet OF plant
space in its own and leased promises
officials revealed today.
The department. of commerce has granted
the Mono Aaircraft Cooperation: sq6s a
an approved type certificate on the latest
addition to its production line OF planes.
a 100 per cent government approval for
its four models now in production, record
unexcelled. by any monop.ane ma manu- G.
tlrer in the United States, according 10
Floyd Augustine, president.
Neisner Bros, Inc; report sales for
pared with $928,335 for September last
year, an increase of 1915 per cent For
TIE nine months ended SepteInsb,eaTs go 80
for the same period of 1928, gain of
500 per cent
2,524,O7S shares in September established
a new record in the volume of trading
on the Securities Market New York Pro-
Of OT' sp proH iI5, 600 shares 'ts
Increase in consumption of tin in the
three major markets coupled with large
a decrease in the worlds visible supply
of 1874 tons during September. These
were the chief features OF monthly TIN
re etssiSf-' Of the National Metal Exchange,
today.
upon them by the World war that
10000 years of ordinary events has
failed to teach them, according TO L.
ance Corporation, who has studied the
present economic situation both in
Europe and America.
The American Engineering and Manage
ment Company is consolidating group
Of the largest motor freight transportation
combined property value of So 500 900 and
doing an annual business Of $4,000 00O, 1t
was learned today from Louis Davis Jr..
chairman OF the company
Ernest NJ. Johnson, representative of
the bond department of Paine, Weber
been appointed resident manager in st.
Paul for Peabody, Smith g. Co. of Chi
cago and New York. The office OF which
Johnson will be in charge will serve
eastern Minnesota ana western Wisconsin.
Directors of the American Chain Com
the common, stock at the annual rate OF
So share through DECLARATION Of quar-
terly dividend. of rs cents payable Oct,
20 to stock of record Oct. r.. The last
previous dividend was paid in october
year ago.
A decrease OF %. oU1, f0o, OUU OF pSI
cent, was registered in the aggregate mar
ket value Of 100 representative common
zier Jelke & 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 Tightening ma
tionai chain of subsidiaries acquired in
recent months by the Associated Tele-
phone Utilities COMPANY were intPoduced
Valley Telephone g. Telegraph Union and
the Ontario g. Upland Telephone Com
pany, both operating in prosperous sec
lions of California.
of 81. 500 0oo, 900 In Investment trusts in
the frst eight months Of this ys Sdd and nd
huge sum of 81, 500 900 900, but despite
this Phe9Gme Il; gOWth the nd AYE 41scb
greater investment of $4,000. 000 900 may
Be anticipated in the near future ~; John fa3
S fses s shaTes Corpoqeton o1 JIG ''