The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-15
Business
Finance
The cigarette bill of the American

The cigarette bill of the American
public in 1929, at the current rate
of consumption, will be over $780,
100000. Within another two years
expenditures for this purpose are
likely to approach billion dollars
due to the tremendous and steady
growth in the use of cigarettes. This
year promises a new high record in
production which will be the ninth
without interruption. Cigarette
production has doubled since 1919,
and with the expansion in regular
fields of consumption and with the
exploitation of the relatively new
field of women smokers it seems
logical to conclude that the end of
the rapid rate of expansio,. in vol
ume of cigarettes manufactured and
consumed is not yet in sight.
the enc Chicago g "i Stock Exchanse during the
week ended Oct II had a market value
Friday, as SC Compared with s4.2O5, sol '2o9
at the close of the previous week. accord
ing to a compilation by Lage & Company,
Stock Exchanges. This represents an in
crease of $215, s67 or SOB per cent.
The hoard Of directors Of the Sea-
hoard Air Line Railway took further ac-
tion today looking toward the consum-
nation of the Seaboard's Readjustment
Plan, subject to approval of the Inter
state Commerce Commission. which in
wolves the retirement through voluntary
exchange of approximately $22,SOO,OOO
per cent.
American Jaws will wag more than
stiGks Of cheSTngg gum d tbe
5st F Sa$$ e. e:
Chewing gum product of United States
III sticks per person will be chewed.
DETROIT, Oct. 15.-B. D. Adams today
was appointed advertising manager of
Detroit Aircraft Corporation, by Presi-
ofRs f ETaf the an
nounced by Evans at the same time.
CoRUNNA. Mich, Oct. 15.-weather-
proof Body. Corporation, subsidiary of
Allied Motor Industries, Inc, which
manufactures automobile bodies, cab in
closures, and wood and metal parts for
eight months of the present fiscal year
almost double In volume the sales In the
Finished Fii ed business G this this" year amounted
to 81, 23O 439. 80 compared with $776,891.S7
for the similar period of last year.
Export orders for airplane. engines and
parts received since Jan. /. 1929, by the
Curtiss Aeroplane Export Corporation
total exports Of these products from the
f fss5. on''s0 states '0F 'n' 'uD year Oh
American portland cement mills show
a further decline in the ratio of opera
tions to capacity for ~ months period
released today by the bureau of mines
OF the department of commerce, the
ratio of operations to capacity for the
last twelve months was 67;5 per cent
The ratio percentage has fallen steadily
from a maximum of I'LL per cent for
twelve months ending April 80 to 67.5
per cent In September.
The board Of directors of Moody's In
vestors Service has declared an extra divi-
dend of rs cents per share on its -partici-
pating preference stock, payable Nov. is,
1929, to stockholders of record on Nov. l.
This is in addition to the regular quar-
terly dividend of rs cents, also payable
Nov. IS.
The KeIvinator Corporation in Detroit
Is entertaining, visitors from overseas;
r. A. Lundquist manager of the export
division, and his assistants, are exceed
ingly busy With these key men In K 1',I
SIND fortnight or more in Detroit,
il making plans for 1880 business on the
other size.
During the first nine months of this
year, substantial progress has been made
in extending and still further improving
telephone service. Approximately $4,000
telephones and 275,000, 900 in plant and
equipment were added to the Bell system.
One Of the oldest public utilities in
the world: the Gas industry, second only
to electric light and power TINS, as the
dustry, will for the year 1929 establish
another series of new high records,
cording to an exhaustive survey of the
gas industry prepared by the investment
banking house of Pynchon Co.
Greater consumption of gas and higher
revenues are the two material cOntribu-
tions toward making the present year the
banner one for this public utility in
dustry.
NEW YORK. Oct 15.-Sales of electrical
equipment and apparatus continue in
good volume in all sections of the country,
Electrical World reports. EXcept for the