The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-03

pany for eight months ending August 81
last after az charges except s isesTai 'TT Sis
and depreciation T sS ssa tSs r.. sams
period last year and represents gam
OF 10 per cent.
ST. LOUIS, Oct. S.-The Detroit AIR:
plants of the Ryan Aircraft Corporation
and Parks Aircraft, Inc, Located near
here, are to be consolidated. Both these
companies are subsidiaries Of Detroit
Aircraft, which recently purchased con-
troll Of all the Parks enterprises, ineiud-
ing the Parks Air College, largest IN
the United States.
DETROIT. Oct. S.--Entrance of the Cord
became known today through the an. an,
ai Hsso Of the he stinson Aircraft Corpora
ton have recommended acceptance OF an
offer by the Cord Corporation to purchase
control. The basis was announced as one
share of Cord Corporation stock for each
two shares Of Stinson, with Stinson stockS
holders having the option OF taking $3.50
Offering Is expected soon Of 5000
which has [seenty ssSsea hs sne rSo6s
Be antyae psTfors And Of the Oldest
i Sess Rrep" Tais Offering IS made BY
Hayden. Van After s. Co., and Crawford,
Dyer & Co.
the Canadian National Railways Tor the
i sSas % RsFs Pss55SSa e sa G
y iS3s an l0f increase cree q :s.sss or
per cent, IL Is shown by. the monthly
Statement Of earnings and expenses OF
the Canadian National system issued
today.
DETROIT, Oct. S-Ofering of 1900
shares of common stock Of the Mesta
$3.50 a share by Keane, Higbie q Co.,
marking the first time that the securi-
ties of this CONCERN leading unit In
e sas foS Tire steel trade have been
made available to the public. The onsr-
Ing involved no new financing, TINS
from individuals.
DETROIT, oct. s.-Redemption Of the
So 900 shares of conyertibie preferred
e Oct. 81. 1898, has been voted BY the d.
rectors with a view OF simplifying the
capital structure of the company, A. L.
Miller, president OF the concern, an
nounced today.
@. R. 8. Derry Corporation has COM
plesed arrangements with three more
lobbers on the Pacic coast 70 snd nan nToe
bounced ss today. This provides the com
pany With wholesale outlets IN pan f addi-
ton to those already established.
Balance sheet of the Carbohydrates
ass assets s. Of q M 9 against Current la
p Hn to 1. " CASH ii and eau loans total sp-
proximately 100000 at the date OF the
last audit. The baIsncs zee s sheet shows a. an
which includes net profits Of S97S,224
for the first eight months OF the cur.
rent year. These profits. equaled S4.3O
a share on the common stock after pre-
ferred dividends.
Net income of the Perfect Circle CON-
pany for the frst eight months OF 1923
and taxes, equivalent to s4le a share on
the i62, 500 shares of capital stock out
standing. These earnings figures are con-
dent dent which Accompanies the third quarter
holders. The full years dividend Of Sc
was earned more than twice in the eight
months.
Exceeding by more than 1900 tons the
highest figures ever recoroeo LOT tne
m 0.5 assa TessheS The Of
total Of $40 tons, e. A. brennan. .secre-
tary OF the National Metal Exchange,
reported today.
New financing for Metropolitan Chain
Properties, Ltd, which will be In the
form Of an offering Of first mortgage g
Der cent, convertible sinking fund gold
bonds, Is now being arranged BY q
syndicate comprising Peabody, Smith 4
Co., Inc, George II. Burr. Co., and
GreenshieIds g. Co. The bonds, which
are expected to be offered shortly, are
convertible into common stock of Metro
poIitan Chain Stores, Inc, at prices
ranging from 500 per share to and in
Guiding Nov. Is, 1929, TO $50 per share
to and including Nov. 15, 1888.
An increase in the outstanding capita
lization of United States Electric Light
Il Power Shares. Inc, to 1000. 900 shares
was revealed today with the announcement
that the company had completed the sale
of additional Series A trust certthcatess
through Calvin Bullock at q price OF
$1,000 a share: The issuance Of add;
tional stock makes the corporation one OF
the eountry's largest utility investment
companies, with net worth OF approx
nately $4,000, 900.