The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-12-05
Business
and
Finance

WASHlNLloN, DtC. o.-ASSlS-
lation which would make available
approximately $4,000, 900 900 through
the federal reserve system for first
mortgage loans on income produc-
ing real estate was urged upon
President Hoover today by Murray
w. Carson, New York real estate
operator
In a telegram to the White House,
Carson suggested that such mea-
sure would result in a wide expan-
sion Of building activities. There
was no comment on the suggestion
at the White House.
Gross sales Of G. C. Murphy Company,
which operates a Chain Of fiye te9- Ger
600. new high annual record j. S.
Mack. president of the company, said
toeay in reYig Tyda .GPersatttons for the
payment Of all expenses, taxes and pre-
be a balance Of approximately s75o, 900
equal to about Sc q share on the l25, 900
shares of common stock outstanding.
Directors of Mock, Judson, voehringer
dividend Of $l.75 on the preferred stock,
payable jan. 1. 1890, to stockholders of
record Dec. IA, 1871.
Electric Household Utilities Corpora
ton enjoyed the largest November gross
and net sales in its history this year.
z. N. Hurley Jr., president, announced
today. Hurley also stated that untitled
orders for December insure an excellent
showing for the final month of the COM
pany'S most prosperous year.
Net earnings OF the City Ice. & Fuel
Company for the ten months ending Oct.
81. after all charges including deEpr g ssa
This compares with s4,675,703 for the
corresponding period OF last year and
represents e gain Of 1873 per PEI, cent. Net
compared with $21. 1o8,6 45 for the. first
ten months Of last year, gain OF 172
per cent.
Directors Of the Vogt Manufacturing
Company declared the regular quarterly
dividends for the 1inal, q416saGrter ,- Of 1929
rent rent dividend Of 50 cents a Share is pay
able Jan. 2, 1880, to stockholders of rec;
ord Dec. IA. 1929. and the second dividend
holders Of record March Is. 1880.
National Department Stores, Inc.
announces the opening of its second
branch store in St. Louis, making four
of these stores now operating as adj
juncts Of major units in the country
wide system. The new st. Louis store,
located in the district known as Well
ston, is a branch of B. Nugent & Sons,
and opening days business was far be-
yond expectations in volume, according
to reports received at the executive
offices in New York of National Depart
ment Stores, Inc.
TIE studebaker Corporation reports an
N fTFeS = to 81 $50, as Compared With Is, III
on Aug 10. and 1925 on Nov. 10 a
year ago.
sales s''o Of 81 5s7 SIS for November against
sos7s43 for N9veme so last year. an In
for T3 the e eleven sD months ended Nov So 1929
totaled $l2,404,349 against s8,199,506 for
the same period last year, an increase OF
$4,2O4.s43 or Sl.2S per cent.
Directors of the Reliance Manufacturing
Company OF Illinois has declared the
regular quarterly dividends OF S7A cents e. Is
a share on the preferred stock. both pay
able Jan. to stockholders of record.
Dec. 10.
NEW YORK, Dec 5.--Increased activ-
ity in many seasonal lines is indicated
In reports from important hardware
market centers. This accelerated move
ment of seasonal goods augments the
excellent prevailing demand for holiday
merchandise, accounting for general
improvement in business.
CHICAGO. Dec. 5.--The sound value
underlying memberships on the Chicago
Board Of Trade was outlined today by
Edward Jerome Dies in statement to
Commodity exchange. Calling attention
to the fact that a seat on the Chicago
on four exchanges. grain, cotton. securities
and provisions Dies describes as 'ridicu-
lousy low" recent membership prices OF
around SOS, 900.