The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-26
Business and Finance

al Grain Corporation the 1uncuon-
ing and organization Of the latter
organization.
Executive sessions will be held
during the next three days. an
nouncementS of the proceedings to
be given out after each days session.
The Spartan School Of AeronauticS
opened a restaurant at the municipal
airport. Tulsa, Okla. today for the use Of
student pilots and employees Of the spar;
tan Aircraft Company: Both the Sc ii9f
aries OF the Sicily OIL Company.
Production in the plant OF Temple
Corporation has been Increased 10 per
Marchev. president said today when be
announced q reduction of two hours in
the working week for the .company's
stepped up. Mr.. Msrchev said August
viii see the largest business in the
company's history.
July shipments OF the Ontario Manu-
ware. amounted to. sl6s,554 as compared
year. This is an increase of s7l.74s .ac-
cording to j. Mckenzie Morrison, VICE
president Of the company.
All weather flying is an sctuahty at
the Fairfax airport in Kansas City. A
coat of asphalt is being spread over
several carloads of cinders, making 1t a
nt Sings ES''n e q t. en S n during p the
worst storms. The field has been tiled
and the asphalt Is added to prevent dust
storms as well as the accumulation OF
water.
NEW YORK, Aug. 26.-Omcials
OF Sinclair Oil Company today re-
fused to discuss the renewed rumor'
that Prairie Oil and Gas Company
is seeking control of the Sinclair
concern.
There is nothing new in the ru-
NOR" it was stated. Officials of
the Sinclair Oil Company pay no
attention to rumorS."
The tremendous growth Of the group
insurance idea in the United states, which
is expected to exceed all former records
this year, Is pointed out by the publishers
OF the Encyclopedia Americana, who state
that the volume written had increased
f II oSaRn by Gan lsasp Of Which
81 9i5 ,000. 900 or nearly one-fourth, was
written in 1928. The past year vas the
IQOSJ SUCCESSFUL Tic IlISCpEy VI SLpup
Insurance in the standpoint Of amount
OF policies written
Directors Of the Borg Warner Corpora
ton at a meeting today declared a
quarterly dividend Of $1.0O per share on
the common stock, $1.75 quarterly on
the preferred stock, and announced the
purchase of two additional companies.
The Baldwin Locomotive Works is now
operating at IS per cent capacity and has
enough business on hand to operate at
the present capacity UP to the end OF the
year.. it was announced at the monthly
meeting of the board of directors in
philadelphia. Shipments are running at
July the company booked s5.3oo,ooO in new
business.
r. N. Fletcher. president Of o. r. s.
DeVry Corpora ton. annoupced today that
the company will begin the manufacture
of a new. musical TOW. called "Playasax"
vance Of production total $1,000, 900. Pro-
duction will start at the rate of 5000 per
day. and orders on hand will keep this
division of the company operating at this
rate for the next four months.
By United Press
WASHINGTON, Aug. 26.-Freight
rates charged for carload shipments
of unfermented grape juices in bot
ties were ordered reduced Saturday
by the interstate commerce commits
sion by approximately is per cent
in southern, western and eastern
railroad territory.