The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-16

BUFFALO, Aug. 16.-The Con-
soIidated Aircraft Corporation of
Buffalo announced today it had
become the largest independent
unit in the aircraft industry
through purchase of several
smaller companies.
The latest interests merged into
the consolidated company are:
Fleet Aircraft Corporation. Buffa-
10, complete stock; Thomas Morse
Company, Ithaca, n. Y, complete
stock and holdings; Kinner Air
plane Company, Glendale, Cal,
substantial block of stock, and Ma
tionaI Flying Schools, Inc, entire
stock.
The Autocar Company. motor truck
manufacturers, earned $11.05 for each out
standing share of common stock during
the first six months Of the current year,
according to the financial statement and
report issued by President R. P. Page, Jr.,
today.
Electric Household Utilities Corpora
tion, today. has 100 more dealers than
it had on January l; 2; N hurley G.,; IL:.
were secured in July than in any July
in the corporations history. total
of 5000 retailers are now handling the
company's washing machines and IRON
Electric Household Utilities Corpora
ton stock is listed on the Chicago
f fhS4 essfrio washing %aohi6es and
irOners.
The Square ? Company today d declared laI,f
Sept. 80 to stockholders of record Sept;
20. After the meeting 1T was announced
that a night shift had been started at
the Detroit plant to handle the unprec-
edented volume of business.
Atlantic and Pacific International Cor
poration reports that as to July 30. its
aS a9d ca Tfre ss5 per cent as
common stock 1874 per cent; foreign COM
mon stock 6.3 per cent; bonds and pre-
The corporations cash position as to
$4,000, 600.
the TorringtOn National Bank, TOrring
ton, Conn, has become affiliated with
the Investment banking organization of
which Calvin Bullock is the head. Mr..
Dennison will serve the organization as
head of the Philadelphia office.
first two weeks in August have exceeded
Ralph q; Gardner, vice-president, Said
s sq8fy Denver 1ou eCoio plants S being in
creased to take care of the large volume
of untitled orders. Part of this additional
output is being effected through the en-
ployment of night force in the Quincy
plant.
The Gardner-Denver Company manufac-
lures slush pumps, air compreSsors, high
pressure drill steel FORCES, rock drills AND
drill steel sharpenerS. 1t also has a plant
at La Grange, Mo.
The International Railways of Central
America has postponed until later in the
year the celebration in connection with
the opening of the new eighty-mile link
and Salvador, according to an announce
ment made yesterday at the New York
offices. of the company. President FREQ
LAWS is now in Central America on his
annual tour of inspection.
Net income of the Fox Film Corpora
ton, for the first six months of 1929,
was almost as great that for the
tire year 1928, The company showed,
after all charges but before federal in
come taxes, net income of $6,134,377 in
the first six months of 1929, exceeding
by more than ITO per cent the earnings
of $2,883, 494 reported in the correspond
ing period of 1928. In the first six
months of 1927 the company earned
$l,5O1, 638 before taxes.
BIZ United Press
AKRON, O., Aug. 16.-A Seiber-
ling Rubber Company contract tt
assist Soviet Russia in building g
tire plant in the Soviet Union was
announced here today.
Soldering will prepare designs anC
all plans and specifications for the
factory to be located at Yaroslave
The plant will have an output OF
$1,000 automobile tires, 5000 bicycle
tires and 480 motorcycle tires daily
on a seven-hour shift, it was said.
BIZ United Press
NEW YORK, Aug. 16.-DirectorS
of Allis-Chalmers Manufacturing
Company today declared a four-for-
one splitup on the common stock
and stated their intention of plac-
ing the new stock on 81 annua