The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-26
Business
and
Finance

LOS ANGELES, July 26.-six
western theaters Of the Alexander
?antages vaudeville circuit have
3een acquired by the Radio-Keith-
Orpheum interest in deal involv-
ing s12,030,O00 in cash payments
and rentals.
The theaters, in San Diego, San
Francisco, Portland, Spokane, Ia
coma and Salt Lake City will pass
into possession Of R. K o. within
thirty days. R. K. Q. is negotiating
for the purchase Of four other Pan
tages theaters in Los Angeles,
Fresno. Seattle and Vancouver.
Joe Tolitzky, real estate agent who
represented both interests when the
deal was closed yesterday. ANNOUNCED
that the St. Louis theater, in the
Missouri city, had been purchased
by r. K. o. for S2,500000 and the
sale of the Vancouver Orpheum
theater to the Canadian Pacific rail-
road for S850,oO0
BIZ Ipjttd Press
PHILADELPHIA. July 26.-Net
operating income OF the Pennsyl-
yania railroad for the first SIX
months of 1929, ended June 80,
showed an increase of SI4,558,846
over the first six months OF 1928,
according to a report made public
today by F. J. Fell Jro yice-presi"
dent and controller.
Net operating income for the per-
iod was 65,318,909, as against $50
76O,063 last year, and $51,125,4l3 IN
1927
BERLIN. july 26.--The yossiche zeitang
reported today that negotiat'QeqS
and the General Electric Company to com
bine the two firms were nearing con
clusion. New shares WI be isSue Tisc+ lie
Company stockholders will receive a ma
iority OF the new stock The co-opera tlqh
| between the two firms VIII pc OF a zen
meal as we'll as of financial nature
Merging of the real estate business OF
Chester w. Cones ana ms nr0t shs;
bv filing of incorpore ton papers with the
| secretary of state for Chester ". cones q
Sons. Inc realtors and s1bdiyldeTS: MIS- s.
one Tsii Of the incoTporatoTs.- Sons of Chester
Cones hold part Of the stock. Ofices are
at 6157 Rosslyn avenue
B% N Ewes YS8 asRfja' July 2s-rndtoation Of
continued general RgospSTTT{ S sem fnsur
ance company that its new paid business
for the first six months Of 1929 amounted
to s511.074 500, gain Of S28 AZ, goo eyer h19c
buys its life insurance with surplus funds
set aside for saving and protection, NE
insurance business expands most When
gin over their current obligations and can
! foresAe the probability of being able to
continue their premium deposits,
| During the same six months. the COM
! pany had to decline l0.364 Applications
for more than s45 100000 insurance on
the lives of persons who were not IN
Payments to living policy-holders and
benefciaries in this period totaled more
than 586.000000. Of this amount there
pad oo6 to mn Hvpg P0ffBB e
Of more than 1900 deceased policy holders
more than $31, 600 900, including .Sl,098,Q0o
double indemnity for accidental deaths;
! OF the totals above, more than S3O,OOO,0 OO
were for dividends.
every previous high record of operat-
ing eflciency made by the 5sit way IN IN
ceeded BY them this year, says the Rail
way Age In the first four months OF
age Of 311z miles a day. The previous
| high record was 298 miles made in 1927,
On the average, each freight car rendered
500 ton miles of freight service daily.
The previous high record of SIS ton miles
Freight trains. for the first time in the
first four months Of any year, moved ar. an
Travelled an average Of g. miles a day, as
compared with the previous best record
FUEL consumption was only 1875 pounds
per 1000 gross ton miles. The compare BILE
| fuel consumption in 1928 was 1877 pounds;
in 1927 ~ IA pounds 9 2Inu, in 1929 1870
tanned 47.2 cars as compared with 46.a
cars in the corresponding part of last
! year.
"The average number Of tons Of freight
carried in each train was IT'S, as com
pared with 765. the previous high record,
which was made in the corresponding
mart 0f 1927