The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-14
Business
and
Finance

Growing popularity OF SlSIlt ~ lii
der automobiles above $1,000 over
six cylinder models in the same
price field in Indianapolis is proved
bv a survey of new car registrations
lust completed by the Studebaker
CORPORATION. Of the 1854 new cars
of all makes registered In India
napolis for the first eight months
of this year, 1910 were Fights and
2. 284 we're SKIES, an increase OF 81
per cent for the eight cylinder car
over 1928 when 708 Fights and 2,o1o
SKIES were registered here.
September sales of the Reliance Manu-
featuring Company and subsidiaries
amounted TO 81, 800, 900 as compared with
SITE, 900 for the corresponding month OF
1928. Milton F. Goodman, president, an
nounced today. This increase of s528,oo0
or So. 80 per cent brought the volume for
the first nine months OF 1929 to sl,7oo'Ooo
above the total for the corresponding
period of 1923.
Net sales of spiegel May Stern Com
pany for nine months ended Sept. 30,
were SIh,UOSuNU dS "A'H
S1S, 157 for the same period last year,
according to F. L. Innes. president
This is an increase of S2'S!$,OOo or ap-
| prOximately % per cent. Sales for sep
tember were S2.si7OOO as compared with
S2211, 633 last year. This is an an
crease of 80 per cent.
Total net shipments Of Time-o-stat
Controls Company in the first nine months
of 1929 increased s572 302 over the same
period in 1928 or more than g. per cent,
letter today to stockholders. Shipments
from Jan. to Oct. /, this year amoun tfo
While the e ggFesSa Sass 59 gs5 the
Time-O-Stat Controls Company manu-
features automatic heat controls Tor IN
dustrial and domestic use II its plant
the Chicago Stock Exchange.
Franklin C. Albright, OF the Aero
nautics branch. United States depart
ment of commerce, has been named head
Of the stress analysis section of the
engineering department Of the Spartan
Aircraft Company at Tulsa, Okla ne ne
Michigan; was with the Hamilton, Metal
Plane Company of Milwaukee; and for a
time was Stationed with the Army AIR
Development Of television. sound mo-
ton pictures and other new~home amuse,
ments has been reflected by a marked
Thomas F. James. president OF the Mar
vim Radio Tube Corporation, leading in
depedent tube makers, says.
Gold Seal Electric CoElpany's. sales vol
ume for the closing quarter OF 1879 VIII
establish new high records ana cor 1e' , eaeT
said James w. Duff. president Sunday.
store sae' systems fdE ttaed
To- To- September 1928, an incTes;s Of
= IV e,om1ii MIA OF Of George H. Burr & Co.,
SPECIALISTS in chain store financing.
This total Is new high record Tor any
previous corresponding month.
Central Illinois Securities Corpora ton
investment company afhliate OF the cen
! trial Trust Company of Illinois and the
Central-IllinoiS Company, is offering 44oo.--
! 900 units, consisting of one share each OF
$3.50 convertible preference stock and one
! share of common capital stock priced at
| s3l 50 per unit. This stock is listed on
the Chicago Stock Exchange.
All directors were reelected at the an
nuaI stockholders meeting of the 9. r: s
DeVrv Corporation, it was learned today
All present officers were reappointed.
DETROIT. Oct. 14.-The new plant
poratiOn is practically completed ana
| will be ready for occupancy within ten
! DAYS, it was announced today by N. A.
Woodwork, president.
The possibility Of saving hundreds OF
millions of dollars annually In the de-
| terioration of metal structures by spray
| ing them with tin is being examined by
the Tin Industrial Applications COMMITTEE
an organization cooperating with the
British Non-Ferrous Metals Research As
ISOLATION. according to an announcement
received here yesterday.
Organization Of a national jobber's
GROUP to distribute Kennedy electric
screen-grid radio receiving sets is now
completed, according to Colin B. Ken
nedy, president.
Foreman National Corporation, invest
ment afTlfate of the Foreman National
bank today announced apP0i1ftmf6e s fo OF
eign department of the corporation. In
view, Of Dunn's wide experience nee IN n; the the
foreign service of the United States de-
partment of commerce. and, as the hTst
director general OF internal revenue OF
the Republic of Haiti. his appointment in
dictates the Foreman Corporation plans
| no attention tn the South American