The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-23
Business
Finance

A contract was signed IN BeIlln
for the extension Of long term
loan Of s125,0OOO to the German
government by the Swedish Match
Company and the International
Match Corporation in connection
with an arrangement whereby the
sole right to sell export and import
matches in Germany will be grant
ed to a corporation in which these
two companies and the German
government will be the principal
stockholders.
Financing for German political units,
interrupted for nine months by high
money rates in this country and by
aTa1bt 81 bo5d will
be resumed this week when the issue
of $500, 900 City of Hanover per
cent bonds is offered to the PUBLIC by
tinental- Illinois Company. The last
offering of this type was the issue Of
Province Of Hanover. brought out in
January of this year
DETROIT. Oct. 23.-Net earnings of
Wilcox Rich Corporation for nine months
ina d'ef to $Si,28s,ss5 which is sub;
stantially in excess Of any previous fun
Missouri kansas Pipe Line Company
established new record on its natural
gas deliveries to the American Pipe Line
September. the delivery figure being 20l,-
778,000 cubic feet for the month. accord
ing to a statement today by Frank P.
NEW YORK, Oct. 23.-Colonel Frank
E. Smith, president of Servel, Inc, to-
day reported remarkable gain in earn
80, following the regular monthly meet
ing of the board of directors. Net in
come for the period after all charges
compared with S292,301 for the CORES
pondng period last year.
Further expansion by subsidiaries of
the American States Public Service Com
pany was revealed today by announce
ment of acquisition of the water system
at smelsteryilles,. Idaho, by the Kellogg Ell 4gsg
subsidiary will operate the new prop
erty.
ton facilities, the Hurley Machine Com
pany, Of Chicago is completing its new
9 square ee Of oor space
will be available in the new structure.
During the -. first nine months Hdn of 1929,
vested S54,367, 092 in 2,795 mortgage
loans loans distributed throughout ~; the United
in California. S2.6S4,O5O in Michigan,
New York, s6;1O1, 1874 in Ohio; $4,C4i,s5O
land. S2,O66,93O in Washington, and the
remainder in various other states and
the Dominion of Canada.
Increased sales in aviation gasoline are
reported by the Richfeld Oil Company of
California. According to James A. Tai
gasoline is now sold to the five major
air transport o companies bulk tankage
terminals in nine states.
Three-year par cent gold notes to
the amount of S1,G0OOOO. each carving
have been authorized by MidCOntinent
Laundries, Inc, as part of a program
Of expansion 9S. which has added three
and dry-cleaning establishments operat-
ed by the company in Chicago and six
important cities in Iowa. Gross reve-
nues from these properties for the year
ended last June 80 were S3,336, 26S.42
wi htnet earnings of S53S,6l5.73 or more
than 4.8 times the $4,000 interest re-
quirements of the proposed note issue.
The proposed Greater Wabash System,
now before the Interstate Commerce
G9mnsf;iGn pTSoiydes the shSTt line
Baltimore and its Observation-Disclosures
York line is about the same length as
that of the New York Central, F. J. Lis
man & Co. points out in an analysis of
the railroad from traffic standpoint,
made public yesterday.
Total earnings of the Ungerleider
Financial Corporation for the four
months period since commencement of
business Nay %, 1929, representing
earnings derived from three months of
actual operations. were reported at
S1,336,927 in the initial income state
ment mailed to stockholders.
Another step in the expansion Of Scott
Stores, Inc, is noted with the announce
ment today that two stores will be opened
in Minneapolis and St. Paul on Jan. and
Feb. /, respectively. This was the state
ment, made. by Frank s. Cunningham,
president of Butler Brothers, of which
Scott Stores Inc, is a wholly owned sub
sidiary.
Bn.I.nited Press
NEW YORK Oct. 23.-Dornier Corpora
ton of America, organized by General Mo-
tors corporation and Fokker Aircraft Com
Del. Tuesday. it was learned at the, of.
the new company will be to carry out
the manufacture of flying boats.