The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-29
Business
Finance

The fifty most active stocks trad
ed in on the Chicago Stock Elk
change during the week ended Oct.
26 had a market value OF 1855, $780,
GIG at the close of business Satur-
day, according to compilation by
Lage 81 Co, members Of the New
York and Chicago Stock Exchanges.
This compares with $4,719,139, 967
at the close of the previous week, a
decline of $1,153, 379, 291 or 1924 per
cent.
PAYMENTS to living policy holders and
to benefeiaries by the New York LIE
Insurance Company in the nrst nine
than $3.50, Oo0' Oed. OF the total. over
sS6, 100000 was paid to living policy
holders while more than S44,0OO,OOO, in
accidental deaths, was paid to the
beneficiaries of 1O,997 deceased policy
holders. Included within these totals
were also dividend payments amount
The death loss payments in this
period included $2,50. 9V2 paid or credit
ed to the beneticiaries OF Dag pOhcy-
holders who died in the first year OF
insurance.
Petroleum Corporation of America an
nounced that the book nqUiId ds,n0 o votae
tions of the various stocks held in its
portfolio. was equivalent to S3l per snare
Sc, 900 900 Columbia River Longview
Bridge has been erected and the struc-
ture is now IS per cent completed
SeIigman g. Co. ROadwayS and trestIe
work forming the approaches have been
completed on both the washington Vas and
i STeg"n an sne spans are pTScticaIy I'm
ished, and the I,200-foot middle span,
the center of which wiz be ny i90 Ieet
remains to be erected. The steel por-
ton of the bridge will be 1922 feet
long.
DETROIT, Oct. 2e.-Universal Products
Co., Inc, today reported net earnings for
the nine months ended Sept. 80, OF S424,-
1T. after all charges and provision for
S4.ss a Share on the stock outstend-
dend a and COMPARES T with sso7757 for the
like period of 1928.
approximately $1,000, OO0, 900 in Amer
lean Iong-term capital is invested IN
Germany at the present time, accord
ing to the publishers of the Encyclo-
pedia Americana. Large amounts of
United States money are believed to be
tied up in the German chemical, dye
stuffs. iron and steel, coal mining, ship
building and other industries.
The Perfect Circle Company reports net
income for nine months ending Sept. 80,
1929, of $761, 083. 9T. after all charges and
deductions including. taxes and deprecia-.
stock outstanding, compared with $772, 195
or $475 a share on the stock for the en-
tire year of 1929. 1t is expected that the
earnings for the last three months OF
1929 will show the same proportionate
increase as did the first nine months.
Bank clearings this week at all lead
ing cities in the United States, as re-
ported to Dun's Review, are SI4,S25,
$4,000, this amount exceeding the
clearings of year ago by $50 per
cent. Again. the increase is very
ings of $IU,5y3, UOO, 100 are larger than
those of last year by S4.7 per cent, while
the total for the principal centers out
side of New York of $4,2SZ, 556, 700 is ~
per cent more than that of a year ago.
Most of the larger eastern cities report
increases this week; also, a number of
those in the west and in the south. or
the twenty three larger centerS in the
United States here are nineteen report
ing gains.
NEW YORK, Oct 29.-Iron and steel
mills and other branches of the metal
working industries actively entered, the
paratus in the past week. Electrical World
reports. Word received from the import
ant buying centers throughout the coun
try indicated industrial demand is on the
upgrade and business originating from
other sources for all types of electrical
Manufa cturers regard the outlook for the
next thirty to sixty daVS as decidedly