The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-23
Business
and
Finance
ByUnited Press


CHICAGO, July 23.-Merger Of
the Foreman National bank and the
State Bank of Chicago had given
Chicago a new 1921 900, 600 banking
institution today.
The consolidation. announced on
Monday night, is the fifth major
combination in Chicago banking cir
cles within the last year. The COM
bined banks will be known as the
Foreman National bank and the
Foreman State Bank and Trust
Company. In addition there will be
the Foreman National Corporation,
an investment subsidiary.
The three institutions will &C
cupy the new skyScraper. Foreman
National Bank building, when it is
completed.
LOS ANGELES. July 23.-Nego-
tiationS are under way for merger
of Radio Keith-Orpheum and the
Alexander Pantages vaudeville cir
cults, according to announcement by
Joseph Plunkett, general manager
for the R. K. o. Plunkett predicted
the "talkies" would stimulate vaude-
vile and bring it out of its present
slump.
BV United Press
NEW YORK, July 23.-There is
no foundation to reports that the
Bank of Italy or any of its afili-
ated companies aer planning to en-
ter the banking field in Cleveland
and Cincinnati, A. P. Gianninl,
head of the Bank Of Italy. told the
United Press today.
By TuHcd Press
TULSA. Okla. July 2S.-TctaI crude oil
production in the United states last
week spurted to tremendous production
heights, with a 1886 barrel tnereasc
over the previous week. The OIL ana Gas
Journal reported today.
Total production was 2.9l 1853 barrels
compared with 2,ss4,So7 tht week pc
west Texas fields accounted for the in
crease.
IS 81 ZIG U 1sF July 23.-rhe St Louis
theatcr has been sold to the Radio Keith
orpheum CIRCUIT for S2OoGo9o o T Iae
{
announced here today,
Glass railroads on June 80 had 2l7657
immne eGf ely aT AZ for service The
cerTice division Of the American Railway
Association reports This vas ar, Teq j!
surplus coal cars on June 80 totaied
$3.50. reduction Of 1879 cars Tit bd2
cars totaled 1861. reduction Of SAL
for the same period. .oooo .,..- -...,
Reports also shoved Is 66 200 surplus o1sr stq6S
number reported on June %. While surplus
REFRIGERATOR cars totaled 1858. an increase
Of so for the same period
Loadings OF revenue freight ut 70 for the
week ended July, totaled 9o8'S32 cars s;
R ne @aT SeftSe aSo reports OF
this was an increase Of $685. cars an an
increase of 69.747 over the corresponding
COMPARED with. the preceding week, this
year. the total for the week of july 6.
due TO the observance of the July hol
dav. was a reduction OF 1892 cars.
gross ossSs FaroS3 dollar Ps0 for taxes during
1928 For the first time in their. history,
the steam carriers tax bill exceeded thelr
fuel costs. Labor and supplies were the
ONLY items which we're greater than
Railroad expenditures made in 1923 for
federal state and local taxes were larger
than during any. previous year. according
| to reports FLED by the carriers with the
bureau of railway economics.
| c. N. Tetor president OF the Perfect
| Circle Ring Company, announces the APP
pointment Of Hal r.. Keeling of 1ndian-
/ apois as director of the company. Keel
| ing is vice-presdent of Sidener. Van Ripper
| & Keeling Inc, fills the place made vacant
by the resignation of E. J. Winters OF
| Chicago.
Company are c. N. Teetor. r. r. Teetor.
Lothian Teetor, Macy Teetorr. Don Teetor,
Dan Teetor. Herman Teetor. Blair Hartley.
John Teetor. George Keagy, Robert Heller
and Hal Keeling.
A special stockholders meeting has been
called for the purpose of changing the
name OF the Charles Freshman Company,
Inc to Earl Radio Corporation.
1t is reported that although the new
plant swung into operation only on
Nav I. the companys sales Of G. 4. Earl
ana Freed radios exceeded 81 900. 900 for
June. ordinarily dull month in the radio
business. The prospects for heavy fall
demand are most promising.
The company is said to be far behind IN
its deliveries. although now producing
about 1900 complete radio sets day.
which volume it is anticipated will be
steppe dup to 1900 sets daily by Aug. /.
DESIGNS FRAME FOR