The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-09-12
Business
and
Finance

| increased demand lOT pIOQuCIS Vi
| the Reliance Manufacturing Com
parv has necessitated the installa-
| ton of additional manufacturing
facilities at Columbus and Green's
burg, Ind, plants of the company,
according 70 Milton F. Goodman,
president. One hundred additional
employees are being added to the
present 800 at the Columbus plant
and within a short time the Green's
burg plant will increase its force
to approximately 200. Constantly
growing demand from chain store
operators promoted this action,
Goodman states.
Directors of Moodys investors service
Sl13 on the common stock for the sec
ond half of the fiscal year ended Sept.
30. This dividend is payable sept. Ia 70
holders of record Sept 10.
DETROIT, Sept. IA plan for the
acquisition of the J: w. Brown Manu-
Company has been declared operative.
subject to listing of the necessary addi-
tional shares of Autolite stock on the
New York Stock Exchange. it is an
nounced by c. o. Mininger, president
Of Electric Autolite.
Ninety six miles of new railroad. the
last link in a new trans continental route.
will be dedicated Sept. IA with fitting cere-
monies at Hackmore, Cal. This new nne,
just completed by the Southern PACING
system. connects Alturas, in northeastern
California. and klamath Falls, in south
central oregon.
United States Radio and Teleyisicn
anti
new line of radio sets which went into
production the first of this month, ac-
cording to Don NJ Compton, vice-presl-
dent and general manager.
PHILADELPHIA. Sept. 12.-Five hun
dred million dollars is the staggering sum
loaned annually. in small amounts to
the twenty-five states that have adopted
the uniform small loan law similar to- It.,
according to figures released TO-DAY by VII
dent of the American Industrial Lenders
Association, which holds its fifteenth an
nsSi and To- Of this fS AMOUNT 9o the 1000
members of the association loan $3.50, 000,-
GOO annually to householders ia sums not
exceeding $780,
The board of directors of the S. ".
Straus Investing Corporation at meet
ing this week voted to split the COM
pany's common stock two for one, sub
iect to the approval of a stockholders
meeting which has been called for Sept.
10.
NEW YORK. Sept. 12.--Dixie Gas &;
Utilities Company has added the Texas
towns of Dayton, Crosby, Highlands, Luf-
kin. Liberty and Sour Lake to the Dixie
system. according 10 an announcement
today by o. r. Seagraves. president of
the company. Distribution in the Humble
district will be completed within thirty
days. he said
Guaranty Trust. Bank of Manhattan
and National City. were the leaders from
the standpoint of advance and activity
in the New York bank market during the
month of August, these three issues re-
points net among the fourteen active
leaders.
DETROIT, Sept. 1:.-!The semi-annuaI
statement of Burroughs Adding Ma
chine Company issued today for. the
a net profit of S.. e$5 OSa after deprecia-
ton. taxes and all other charges, being
at the rate of s5.2S a share on 100000
standing. This compares with earnings
Of $3.50 share on the same number
of shares for the first half of 1928.
The Commercial Credit Company has
entered INTO contract. with The Car
borundum Company of Niagara Falls. N:
undun1 Company has capitalization of
SlU.UUU,UUU ana assets. as OIL LnG enQ OF
1928. in excess of $21 .000,0 900.
Merchants & Manufacturers Securities
Company has organized a new depart
ment for the handling of time sales of
airplanes, according to an announcement
today from Arthur Greene, president of
the company.
DETROIT, Sept, 12.--Net earnings of
the National Banking Company for the
fiscal year ended June 80, 1929, more than
doubled net earnings for the fiscal year,
1928, according to a letter just sent to
stockholders.
M. II. Fishman Sons reports gross sales
OF S215,033 for August against $40 for
August. 1928. an increase OF $13I, 1854 or
1863 per cent. For eight months ended
August sales totaed 81 ,o3S. 1862 against
s4l2.0 35 for the same period last wear, an
increase of $626.827 or 1921 per cent.
WASHINGTON, Sept. 12.-The
Canadian government estimates it's
1929 wheat crop at 293, 1921 bush
els, as compared with 566,720.00O
bushels last year, the commerce de-
partment was informed today by a
telegram from its commercial at
tache at Ottawa The Oredicted