The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-19
Business
Finance

BIZ United Press
NEW YORK, Oct. 17.-Loans on
stocks and bonds to brokers and
dealers by New York federal re-
serve reporting banks increased
$9s 100000 in the week ended Oct.
16, to $6,So1, 100000.
Loans last week totaled S6,713,-
100000 and a year ago. $4,664, BOO, 900.
wextark Radio stores. Ing will open
Of october as part OF program OF con
tinued expansion Simon WeXler, presi-
dent, announced today
Three of these new stores one IN ~a l
kegan, another in Forest Park and the
third in Aurora; should be IN operation
TO weseT Tn viii be open about oct g.
These latter stores are in Gary and Ham,
mond,. Ind, Portage Park Chicago and
Detroit.
Natural gas sales of Missouri-Kansas'
Pipe Line Company in September, this
year, reached a new high total of S82-
per cent over the same month in 1928,
/ Frank r: Parish. president announced
Ksnsas s a 5 cubic fee more
gas than it did in the corresponding
month year ago.
ton II reports net earnings of $2@2, Al after
all charges but before taxes for the first
eight months OF 1929 as compared with
for the 6 5se ce Pfrod Of 1gS o
the period were substantially larger than
! had been anticipated by officials; Pre-
ago indicated a gain in earnings OF APP
proximately 80 per cent.
Public stock offering will be made short
! 1u In he 6r1or frn NJ fa 6rCf Ia n
Continental Air Service, Inc. Fifty thou.
be offered by a syndicate headed by w. G.
Gates 81 Co. at price OF 1R50 per snare.
Common stock of the Clark Equipment
Company was today admitted by the
board of governors to trading on the
New York STOCK. Exchange. There. are
The issue, since public offering several
months ago, has been traded on the New
York Curb Exchc~~"
Gamewell Comp. reports net income
after depreciation, taxes, for the month
ending Sept. 80 Of $77648 and for four
compares with $63,55o for the same month
in 1923 and $259,83 for the correspond
ing four months of 1928. The. company
the city of Mt. Vernon, New York. IN
to 'a ne@ 0FeF5 f0 osr
panies.
Further expansion of the American
Commemorative Power Corporation is
seen in the announcement today of plans
80 acquire SIX additional public utility
properties. Frank T. HulsWit, president
makes public these plans in a letter to
the preferred and common stockholders
of the corporation OF the six properties
now under negotiation, the Ramapo Gas
Corporation, operating in Rockland county,
N. z, will be the first New York property
in the far-fung American CommonWealths
Power System.
sey for September and the twelve months
ended Sept. 80, 1929 shows increases in
both gross earnings and balance avail
able for dividends for September. Gross
earnings were Sill 1921 918 against $10,311,-
924 last year, an increase Of 81, 099,9 94
while net income from operations totaled
SO, 800 708 against $3,010,o43, an increase
of $3106
United Realities, Inc, which operates
eighteen hotels including the Wardman
Park and Carlton hotels in Washington,
D. c., the St. Paul hotel in St. Paul,
Mimi, and the Fort Des Moines hotel in
Des Moines, Ia, reports, for the eight
months ended Aug. 81, 1929, net earnings
available. for dividends on it's preference
with the figure for the same period of
1928 of s72,815.76. On this basis the
dividend on the company's preference
stock is being earned about 2 ,1-3 times,
after depreciation at the rate of $4,000
per annum.