The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-13
Business
and
Finance

thirty chain stores of the retail-rnis-
cellaneous merchandise type IN
smaller towns and cities in the near
future, Rosenwald said.
The fifty most active stocks
traded in on the Chicago Stock
Exchange during the week ended
Aug. 10, had a market value OF
So. 517.944.6O8 at the close of buSl-
ness Saturday. This compares
with S3,699, 369,359 at the close OF
the previous week, decline OF
S181 .424.751 or 40 per cent.
Stock ownership of Armour q co.
now extends into every state ana
American possession and INTO
thirty-two foreign lands, an anaiy-
sis of the lists of stockholders re-
veals. Reorganization in 1873 ex-
tended the stock ownership from q
very small group to about 10000
stockholders.
Every state except Nevada con-
tains employees who are also Armour
stockholders. Nearly half OF the
stockholders are employed by the
company.
The Upham Gas Company. subsidiary .y
Sc Several new wells in Knox county, Ohio,
in order to provide gas for the FlttSDutsII
Plate Glass Company's new Nsr,I planto no "
is expected that the Pittsburgh Pts {t
Glass Company will require approximately
$500, 1000 cubic feet a OF n, gas daily pun
O. r. S. Derry Corporation has
opened a neon tubing plant in Pitts tits
bnrgh, T. NJ. Fletcher president t;na sat8
o Of 5000 feet Of tubing per day. This
is the fourth neon tubing plant opened
since thu first of the year, others Pelng
mazoo. The main plant Is in chicago.
pacity of $4,000 feet of tubing
of hSI1R G today ia with an issue Of $7$2
9O495, per cent and 53l per CENT mn
proyement bonds %hlSh are and Peq Roflins
= sons The bonds mature serially each
Oct. i from 1881 to 1889 and are otfereo 60
Prices cent to y1et9 TO- ON maury
ceeds of the issue will be uSeo 1or SIr tHo
and alley improvements. in this city. the
of automobile tires and tubes.
The Pittsburgh, Cincinnati, Chicago
&; ST. Louis railroad applied to the IN
terstate Commerce Commission m $40 P M0m%
19I sut raiIroad SiS,SS7 900 Of. the ~
per cent general mortgage bonds IN
pSSmehS has las made on the Big Four,
which it leases
Business activity throughout the United
stated, as gagged by the volume OF news
In midsummer Of 1928 according to figures
Hst made ,pqbdf ofes 1ss
43l, 73i lines of advertising in June, gain
of 5 per cent over June of last year.
level of prosperity throughout the country
with no marked regional depression. only
twelve of the sixty-three cities, reported
widely scattered throughout the east,
middle west and south.
An investment company which will
specialize in American, Canadian and
European railroad stocks is about to be
banking house and several prominent
i@ This new CORPORATION, 1t is understood.
will have an initial authorized share are
At the Start. it will hold stocks of several
of the largest railroad companies.
Atlantic & Pacific International Cor
poratiSn reports that as Of June d.tr 20; i.s
stocks. 5.S per cent preferred stocks,
and 46 Is 1eT cent stdeEs Is gestp b
on March 81, the date of the last re-
port. owing to the fact that the man.
opportunities for investment in equities
during the quarter just closed. The
distribution of the investments Is ,5 as
per cent public utilities, S4.3 per cent
industrials 1873 per cent insurance and
government and government guaranteed.
The Commercial Credit Compsy has Just
mad9 morp al CIV Mo wSere
by 1t will finance the 'latter'S sales OF
gasoline motoTs on partial or PPsym aea
cializes in the manufacture of gasoline
engines. power saws and power pumps.
1t does an annual business of over
million dollars.
Certificates of deposit for preferred l and
common stock Of Cuba Cane, sugar Cor
poration, deposited under the plan for
reorganization of the company to avert
receiverShip. have been listed for trading
fes new has Been made &C. sB ce
ficates of deposit for the debentureS
In the past decaue more IMAM oVV
individual companies engaged in the
manufacture and distribution of food
products have merged into larger or
ganizations. The trend toward con-
solidation among food manufacturers
has been steadily upward since 1920. In
1928, 1879 food companies were acquired
for merger purposes and with the ex-
ception of the utilities, the foodstuffs
group is currently making greater
progress toward Capitalization of man.
agement together with coordination of
production and distribution facilities
than any other industry.
Orders for electrical equipment and
apparatus continue at a good rate, Elec-
trical World reports. While unmistakahle
signs of summer recession are apparent,
both as regards central station business
and industrial buying. the turnover COM
pares most favorably with this time last
year.
RELIGION AT LOW EBB,
CHURCH EDITOR SAYS
Methodist Journalist Declares Min