The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-22

Concentration of the tire actlvi-
ties of the United States Rubber
Company will be effected in the
next few weeks, according to an
announcement here today which
was authorized by F. B. Davis Jro
chairman and president.
This will involve the removal Oh
all the executive, sales and once
stats of the tire department OF the
company to this city from the pres
ent general Offices at 1870 Broad
vay, New York. There will also be
q, greater Capitalization of the tire
manufacturing in Detroit, includlng
the transfer to this city OF the
manufacturing operations now De-
ing carried on at Hartford, Conn
The factory in that city VIII soon
be closed until further notice.
Missouri-Kansas Pipe Line
Company has struck oil in Muhl-
enberg county, Kentucky. ms
announcement, today, was accom-
panied by a statement from Frank
P. Parish, president, that the dis-
coyery will add hundreds OF
thousands of dollars in value 10
the company's holdings in west
ern Kentucky. He added that
the company is preparing to enter
into the active production OF
petroleum, particularly on us
leases in the vicinity of Green
vile.
- HAVANA, Aug. 22-The National
CITY bank of New York has offered
a S6,250,00O debenture BOND ISSUE
here for the proposed National hotei'
Increase of s2O,OoO,oO0 in valua-
ton of banks and utilities IN N
diana has been announced by tlle
state board of tax COMMISSIONERS
July sales Of ordinary life n inSG cent over
! J,i 1928 This large monthly increase
Wss shared BY everv iection. OF ne Cou ia
try. Only eight states failed I. 10 r efhet
their production in last july. Anot1 ~ i
indication Of the. general nature o. +b lat
nrosperity is evidenced by. the 1acI t iiaS
II per cent of the reporting companies
record gains
Amerada Corporation, drilling In part
.nership with the Empire and Gas Iom
5%hSii veil located in section S-5-5 on
the west side of the Earisboro dp U1Ih,
Following a forty-quart shot at deP Pm
of 1880 feet. the well flowed al INC
rate of 100 barrels hourly.
Although a lull in consumer ID, dem tima
Of the YEAR, is reported by importanlt
market centers, the hardware TRACE Is
optimistic for fall business as[q"a narkef
summary. The. slowing up on Sunl n, I
lines has been later in materiallzlng thIS ms
year than usual and the appr of vacS- a.
tfonists in the next few weeks is looked
to as a stimulator of demand. Ell,
Some orders are being pooKeu loi an
SkeIIy Oil Company shipped 1924 cars
or natural and refined gasolnS during
the first fifteen days of August this year
as compared with ,022 cars shipped IN
the same period last year, according 70
information received here. snlpmIent. .. o.
year made ii the record month IN the
history of the companys natural gas11
line department, and August shipments
will exceed those of July.
important developments in the affairs
of the Croft & Allen Corporatlon, eStap-
iished in 1860, and the second Oldest candg
foremost in the announcement. made to-
d d9t MIA that Henry A. Fehn, president Of the
sweets Company Of America, has las os been nf
the former company to succeed Frank P.
SNYDER. resigned Snyder will remain q
director. and Mr.: Fem will continue as
president also of the Sweets Company:
Lewis L. Clarke is chairman of the board
of the Sweets company.
An indication of the Increase in the de-
recent official report dealing with the pro-
duction of power from central electric
stations throughout Canada in the frst
six months of 1929. The report shows