The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-03

Industrial activity and progress in
Italy are at the highest point in the
i SssiO6 Gsf.'s 81 cr.aito d Milan reveals
Unemployment is on the decrease and
export and domestic sales show healthy
inward trend.
The Grigsby -Grunow Company and its
subsidiaries, manufacturers OF Ms!eS.C
n s2ss IT, sfa' last. 81 $3.50 SAT equal 2 al
most sl3 per share on the 1S1O4T h sna nes
profit available for common diyidenos
after taxes and no55recp5Ting eaaT 1g.ad
a amounted d. to 2.sT totsed leaving
surplus for the year OF ss'sSs'so2'
o!ganzstiSn Of the 1erk HdS . IEn HdRSsbss
BuressS e.n OF co sns s and It IS now ready
Tor hide certihcaaon work, Milton r.
M. Of the S s Sspsctsf
IN CHEZ, with headquarters in New YORK.
assisted by Frank Kineaide Thomas F.
Ryan IS inspectST in charge 5sr OF he :eTt Is CA
sisted by Edward Kruger.
Althourh the terrific heat Of last
week has left the Canadian crops al
in a state, Of rapid deterioration, con-
ditions in the Peace. River district OF
northern Alberta, and in northern sas
katchewan offer hope to western OBJ
servers that these two regions VIII bear ear
S Ssfkn 'f Railway Ayr On the rest Of the
prairies 1t is not expected that the crop
will average higher than so per cent
yield.
Net income of General Mills Inc. for
the year ended May 81, 1929. amounte eS
has Just been mailed to the stockholders.
Earnings for the period were at the rave
CT $716 per share Of the common stock
nance, income tax and preferred dividends.
The schif Company. Will have in opera
close ciog Of 1923. fOllowing the introduction
Of new capital and the LAUNCHING ,o Of a.. an
sxD Ds6s9 to egxceed ssS Gf 1879 "
The report of Ainsworth Manufacturing
Company for. the six months enoed 4une
30 shows net income after depreclauon,
federal taxes and all charges OF 1923 100;
equal to $4.43 a share on the $4,000
shares Of stock % eat IS 5hsT. ThlS
on on the 1918 shares outstanding in the
t Heer si enoG months H Of 1925 include guTes
of the recently acquired Joseph n.
Smith Company.
General Asphalt and its subsidiary
companies report net earnings for SIX
months ending June 81, 1873, OF S9oA' t0V'
as against a deficit of $780, 421 for the
corresponding period last year. There
the first three months showing deficit.
In June the company began to receive
$4,000 daily in royalties on oil and this
has now been Increase to $4,000 daily.
~ A l9'I FgRsAtN f1Ccfsco Aug. 2-organization
of 500, 900, 900 steamship, corporation to
be known as the Dollar Lines, Ltd, Inc,
will begin here within few days.
Announcement of the, creation Of the
Dollar, vice-president Of the company.
I'm the opinion of stockholders who
formed this huge corporation which makes
the Dollar Steamship Lines. Ltd, Inc. by
far the largest American steamship COM
nanv. the stock will be sufficient to take
care of future building OF ships and ex-
pansion of the company's services Dollar
said.
BIZ United Press
nr KEY f I0aRs increased ans dur
Ing July to a new high record total Of
SARA, 794 ,294 on July 81, as compared
with 1901 ,221, 275, on June So, the
previous record high, and S4,S37S41,o7S
on July 81, 1923.
The Ohio Seamless Tube Company.
Shelby. O., has declared a quarterly olyl-
dend of 81 a share on the common no
mar compton stock OF the company; The
dividend is payable Aug IS to stockholo-
ers Of record. July 81 The company re-
ports continued high operating actlVlties'
with satisfactory earning results