The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-11-11
BIZ United Press

BIZ United Press
NEW YORK, Nov. 11.-Steel Cor
poration today reported untitled or
ders as of October 81 at 4,O86,562
tons, an increase of 183, 1881 tons over
the September 80 total of 3,902,50
tons.
Untitled orders as Of August 81
totalled 3,658,211 tons as Of July 81,
4,O88,177 and as of october 81, 1928,
1851 900.
September gross earnings of .s22,042,2!s
mately 81 ,ooO, 900 over the s21.o5o,657 gross
amounted to IS. 727, 802, a decrease from
the S5,825,868 shown last year. Gross
earnings, for the first nine months nj; IS
amounted to S196. 1874 compared with
$173. 903 ITO in 1928 and net operating m
come of $36. 258473 this year compares
with S34, 342. 596 for the corresponding
period of last year.
Atlantic Refining net income for the
third quarter Amounted to S4'o~t,oSI
spending period of 1928. This years
earnings equalIed $1.S1 per share on
2,610,55l shares compared with S2.SS per
share on 1000, 900 shares last year. FOR
the first nine months of this year, net
income was S13,6S5, 900 compared with
Sill ,90S, 987 in 1928, equivalent to s4oo
per share this. year on the larger eapl.
year.
DETROIT Nov 1l-Directors of the
Brown Fence and wire Company declared
the regular quarterly dividends OF 90 cents
a share on both Glass and B shares;
payable Nov. 30 to stockholders OF record
Nov. Is. The company's position remains
strong. 1t was stated after, the meetlng'
cash and marketable securities as OF NOV.
l. 1929, totaling S1,356.945 against Sl.U1'-
$50 in 1928.
The largest organization in the oil
fndustrdy with the exception OF leaalhs
poration and its predecessor, Texas Com-
pany, have an unbrOken record OF diW-
dends since formation of the latter COM
pany in 1902. On the sI00. par stock OF
the Texas Company, cash dividends were
paid at rates varying from 70 IN tne
first year of operations. to Sl7; From ON
rate of So per share on the S25 par
stock and this rate has been maintained
on the shares of the Texas Corporation
since it was formed in 1877. AT preSehV
prices the yield is 531 per cent.
The shares of Purity Bakeries. have
been analysed and sales have I in4ed to
S24.3 73 900, increasing to SIC, 22o 900 ,d The
following year and to 6,760'000 IN 1927;
Net income was 81. 430,00O in the first OF
In 1926 it amounted to S2.434, 900 or 1892
per share and the following year 1t was
So, LOT, 900, equivalent to 50 per share.
Southern Pacific. Gross. earnings and
showed declines. The former figure was
SGT, 7S9 1927 compared with $28,l LAG 49, last
year and operating income Of 5000, 589
compares with $6770,734 in 1923. For the
nine months, however. gross ea mi have
exceeded 1928 by. over SIS ;000, 900 the re-
port this year showing 1886 612, 297 COM com,
pared with 1921. 1881 a year ago. Net
operating income of $45I5l, 635 exceeds
last years figure of $39,156,044 by ap-
proximately $4,000, 900.
Western Dairy Products-Sales during
the summer quarter tOtaled S7,959315
compared with sales of S6,010,186 in the
third quarter of last year. Net income
for the period was $670632 compared
with S494, 500 in 1928, these earnings
being equivalent to S5.11 per share on
the Glass stock this year and to SS71
ON the issue in 1928. The first three
quarters of the year show sales of
8,909 494, approximately S3,500.0O0 in
excess of the SIS, 427, 1888 reported year
ago. Net income amounted to $1,277 ,937,
equivalent to S9.73 per share against
S1,O16,S71 or S7.74 per share year ago.
NEW YORK, Nov. 11.--Contracts let for
heayy construction and engineering work
throughout the country for the first ten
months of the current year were valued
at SO. 551 ,439 900, or II per cent more than