The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-11-19
Business and
Finance

Inc uIJV most aCJ4Ve SIOChS
traded in on the Chicago Stock Ex-
change during the week ended Nov.
Is, had market value Of $2,121,-
l47,442 at the close of business Fri
day, as compared with $2,281 ,847,-
1853 at the close of the previous
week, according to a compilation
by Lage g. Company, members of
the New York and Chicago Stock
Exchanges. This represents a de-
crease of $16o,699,762 or 7.57 per
cent.
The directors Of Trico Products Cor
poration, meeting in Buffalo today, de-
clared the regular quarterly oivldend OF
62la cents per share on $4,000. shares;
syabe i }g 1883 brings to siS the total OF dT
dend payments for 1929 to Ss4S, $50;
Earnings for the first nine months OF
1929 we're $1,s1s,9s4-s2.
The board Of directors Of the Reynolds
Spring Company, at special meeting
voted to extend the expiration date for
the right to subscribe to the additional
authorized from Nov. 81, 1929 until Jan.
"a, $780,
Directors Of Commercial Credit Com
pany. Inc, Louisiana corporation, have
cent on the preferred stock Of the COM
pany, payable in cash Dec. 81, 1923, to
business Dec. 81, 1929. The Louisiana
company is one of the affiliations Of the
Commercial Credit Company OF Baltimore
Of A. B. A. travel cheque, reduced to
the size of the new paper money, the
American Bar, Bankers Association Sa and vt the
an anaGS that 500 denomination viii
be available for the first time. Hereto
fore the cheques have been issued in de-
nominations Of $40. $40, $780, and $780,
cent Al Is "a P By S ssnHgs q S2
pany Of Fl Dorado, Ark Ark + For the ten N
no ENDED Qe 81 ia Ine hS9Ims %
depreciation and depletion. but before
federal taxes was 81, 1853, 291.45 as COM
pared with $1S9.266.9S Tor the same f P so7s
O24.47 or 500 8 per cent, according to
T. H. Barton, president OF the company.
The Universal Carloading & ,Distribut,;
States Freight Company. loaded out
bound. at its various. terminals, 332, $685.
256 pounds OF freight during October,
p paiiea " With COS 525. 425 for october Of
1928, an increase OF 27062,031 pounds or
approximately per cent.
The Marvin Radio Tube Corporation,
operating six plants with manufacturing
headquarters at Irvington, N j., has just
completed a world wide distribution Sys-
clareS.
R; B., White, president of the Central
R Rtb NeM eSG f9nef 10 use tbeir
containers exclusively on the Jersey Gen.
tral Lines, according to an announcement
by William T. Hoops, president OF L. c. L.
W. P. Britton, of Atlanta, Ga. has been
appointed sales representative for Spar
conj1 net M with lieutenant y A. Grant.
Spartan representative for Georgia, Flori-
da, Alabama and Tennessee.
The New York Cotton Exchange an
nounces the election of three new mem
beers. They are, Edward Browning Jr,
Of New York city, and A. j. K. Barnes,
of Liverpool, England.
The Insolvency T record s for the gnSd
with a total of 4O4 failures reported to
r. 6. Dun & Co: That number is prac-
the previous week, when the returns were
for five business DAYS only. and there is
a decrease of SO from the 440 insolvencies
q JCdL dSOs
At a time when demands from some
other sources have abated, the continued
large purchasing of steel by railroads is
particularly impressive says R. G. Dun
& Co.'S statement. Buying of rails and
alaso Of rolling stock has attained iimportt
makers and building construction inter-
ests also have been active in the markets
Bank clearings continue much larger
than those, OF last year. The total last
states. as reported to .Dun's Review, of
$s14, 7SS, o97, 600 exceeds that of q year ago
ciearings. q $40, 79s, 900 900 show an II
while the total for the principal centers
outside of New York of 1895, 097, 900 is
So per cent larger than that of year
ago.
Board of directors of the Indiana Hy-
dro- Electric Power Company has declared
the regular quarterly. dividend of PA per
cent on the outstanding per cent pre-
ferred stock of the company payable
Dec. IS, 1929 to stockholders Of record
Nov, 80, 1929.