The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-22
Business
and
Finance

| The Studebaker interests OF South
Bend. Ind, and Chicago, have &C
quired substantial holdings in the
Marvin Radio Tube Corporation, 1t
] is announced by Thomas F. James,
president. Colonel George M. Stude-
baker will become chairman OF the
board; F. H. wellington, vice-pres1-
dent and treasurer of the Stude-
baker Mail Order Company, is to be
treasurer, according to James. The
directorate will be increased to in
clude Colin B. Kennedy, president OF
the Colin B. Kennedy Corporation;
Hiram H. Maynard, of the H. H.
Maynard Corporation Colonel
Studebaker and Wellington.
Forman offering is being made today of
| S13, 500 900 the Baltimore & Ohio Railroad
Company Az per cent equipment trust
certificates. Series F, by banking group
COMPOSED Of the Bankers mixers Company OF New New
Evans. Stillman & Co. The certificates:
which mature in SERIAL installments OF
| 5000, 900 annually from Nov. l. 1880, to
Nov. /. 1914, are priced to yield from
to SIPS per cent.
The fifty most active stocks traded on
| the Chicago Stock Exchange during the
week ended Oct. 10 had a market value
\ of S4,261, 1884 at the close of business
| Saturday, as compared with S4,95O,231,-
469 at the close of the previous week,
Co.. memfbeFs Of the Kew York and Chi
! 4cago Stock EXCHANGES; This represents
/ decrease of S68S,514,128 or 1918 per
cent.N
At the annual meeting of the Sicily Oil
Company the following directors were re
elected: W. G. Sicily; G; G. Herndon, F.
PesticksT Gagle &C. Conway Gare anG
F. T. Hopp. The directors held a meet
| Ing at the conclusion of the stockholders
! session and reelected all officers.
Untitled orders for the new health
| lamp on books of the Hurley Machine
6OId Tes cOrpoTyaon noW eSeeed
the first thirty days of factory produce
ton. This situation will be taken care
of in few weeks, officials said today,
with expansion of manufacturing facili-
ties In the recently completed factory
addition.
Net earnings of Joint Investors, Inc. for
the first nine months OF this year
amounted to $275, 7646O. It is announced
today. Unrealized appreciation Of assets
during the same period totaled $3.50, 1924.
Reliable Stores Corporation for septem-
s1,OO9, 634 for the same month last year.
Net earnings after all deductions, aVaila Bile
for dividends, totaled $l61,70 against.
Announcement was made today by
Lynch Glass Machine Company that an
| order for complete automatic glass equip
ment had been received from the Hazel
| Atlas Glass Company for large ex-
pansion in its Clarksburg, w. Va, plant
Effective Nov /, Fairfax Airports, Inc,
will be marketing 100000 cubic feet of
natural. gas daily. at an average price of
| y cents per thousand cubic feet, Guy
STANLEY. president. announces.
Continental Shares, Inc. report realized
profit for the first nine months Of 1929 Of
of $667, $50 for the same period last year.
| Increase in unrealized profits for the
excess Of 5000, 900, bringing the total to
over $50. 000, 900. increase in unrealized
profits for the first nine months of 1929
was over $35o00,O0
A. e. Fitkin & Co., Inc, announce the
formation of general investment hold;
American Shares Corporation with an
authorized capitalization of $1,50O,00O
shares of no par value common stock, its
ton of a majority or substantial min
GRITTY holdings of the common stocks of
public. utility and other corporations
The charter Of the corporation provides
very broad powers which include rights
to buy, sell, hold and exchange Securi-
ties OF any kind and to participate in
financial transactions.
Richfield Oil Corporation OF New York
Of the Peerless Oil Company at a reported
| consideration of $l,500.0 900; The acquisi-
cent 1 Of RchfeId y Involves 16f reta Hing
stations with aggregate annual volume of
10000 600 gallons. Peerless on Company
den, N. j., and Newark, N. j., with bulk
stations in each of these cities.