The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-09-09
Business
and
Finance

More IMAM 9l,UUU,UOU,UUb ID 4CPAC-
sented by the market value OF air
craft companies, according to a
compilation made by the BrooK-
mire Economic Service, Inc. This
figure includes at least one big
company which does large busl-
ness outside of the aircraft indus
try, but does not include a long nSC
of companies whose business partlcl-
pates in aviation. Production OF
airplanes in 1929 will possibly fall
short of 1000 and total value OF air.
craft products manufactured Will
scarcely amount to 100000, 900,
Brookmire says. 1t is pointed OUT,
however, that the industry has GER
tain other sources Of income, sucn
as air mail, freight and passenger
revenues which may bring the total
gross business up to $125,O00,000.
The American Rolling Mill Com
pany has just ordered two more
3OO-horse power oil-electric locomo-
tives for use in their Ashland (Ky0
plant. These units are to be dupll-
Gates of the four already in service,
and are built jointly by the 1nger-
coll-Rand Company, General Elec-
trio Company, and the American
Locomotive Company.
A new combination radio and pho
nograph for home use with an automatic
been perfected by the Automatic Musical
Instrument Company, and will be SOLD
through a separate corporation, it was an
nounced today.
Directors of National Standard Com
pany today declared a 25-cent extra
dividend in addition to the PsgaIhS1e
Set 70 o stoofhold 81 Of record SEPT
20 At the same time they announced
earnings after all charges including
nosshs snd 5ng ST. s'f isa5 0 Of
same period year ago Of $436,90O So
far this year the company is showing
an increase of 1874 per cent.
Utility Equities Corporation, IN It's report
for the period of approximately eight and
yember. 1928, up to Aug: 50, 1929, Shows
income, profits and appreciation. after alb
sorbing initial expenses sa Of 7oS THIS
Is
1929, the date of the previous report, and
with 1886 1854 shown in the company
initial report as of July IL. 1929 invest
sa er 2ss against S on Aug. Is,
and SIT ,454,619 on July IL. Cash, call
loans and contracts as Of Aug. 30;
amounted to 81, o92. 715 and dividends paid
by the corporation $453,750
Announcement of the appointment of
II. S. BouteIle, a member of the flight
Army Air Service stationed at McCook
Field near Dayton, as chief inspector of
the Spartan Aircraft Company of Tulsa,
9G1a sunsidia5y .o OF the Sv Skey on
Der, president.
report gross sales of S718.345 against
or 500 per cent. For the eight months
against s3,54i ,66s last year, an increase Of
$1,s93,o67 or % per cent.
Metropolitan Chain Stores, Inc, for
August, 1929, report gross sales of s1,612,-
22i against $9e3,481 last year an increase
Of $6ls,74o or 622 per cent. For the eight
$9.736919 against S7,175,3l6 for. the same
period last year. an increase OF $2,56l. SOB
or 1871 per cent.
industry as mot so much sick as tired"
the National Association of Credit Men
in bulletin sent to members today says
that there is a promising field, even
now, for textile enterprises in both the
northern and southern states.
The Kelvinator Corporation announces
orders and shipments for the month of
August this year nearly 40 per. cent over
and above those for August last year, ac-
cording to statement by H. w. Burritt,
vice-president.