The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-09-23
Business
Finance


and Whitley, New York stockbrok-
ers, were opened today at 208
Consolidated building, by K. L. Ogle,
1880 North New Jersey street, resi-
dent manager.
The firm was organized IN 1873,
and holds memberships in the New
York Stock Exchange, Chicago
Stock Exchange, Cleveland Stock
Exchange, New York Curb Exchange,
and the Chicago Board of Trade.
Ogle has been in the brokerage
business for five years. He is a
graduate of Princeton university,
and a veteran of the World war, in
which he served with the Rainbow
division.
Following a special meeting of the
board of directors of the Indiana
Consumers Gas and By-Products
Company held today at IA Wall
street. New York city, President Al
fred M. Ogle announced that the
company had recently closed two
additional twenty-year. contracts TO
supply gas at wholesale from the
companys plant at Terre Haute,
Ind, through long distance high
pressure transmission lines to the
Central Illinois Public Service Com
panv and the Interstate Public Serv-
ice Company, both of which are
controlled by the insult interests OF
Chicago.
Net profits Of the 500 industrial, utility
and railroad corporations so far report
ing. were. 1856, 706, 900 for the nTst e SIX
to the Standard Statistics COMPANY o.
New York. Gains in the INDUSTRIAL G 6lvl-
sion led with an increase OF Az per for ce III
companies Of. $1.180 100000 against SS4 AZ
COS. 600 in the 1928 six months. Inc
Utilities ggSnsd l2a P psalG Gsp rs
Forty -nine railroads reported net pFoiiss %
SI84, 272 900 in the 1929 period, 90 gain OF
in the 1928 half year.
Despite the fact that most. cotton
a large volume of output so far this
wear, they have recently succeeded IN
more nearly adjusting their production
Standard Statistics Company of New
York.
NEW YORK, Sept. 23.-The Consolidated
Instrument Company of America, Inc,
announces the development OF q new EARN
Inductor Compass. which embod1es many
improvements upon the original type OF
Earth Inductor Compass developed by
DR.. Paul r. Heyl and DR.. Lyman j. Briggs
Service Ice United United States army.
Formation Of a new national chain chain
store system, the Standard Home UulI-
ties, Inc, selling only nationally ad-
vertised merchandise for gas ana eiec.
sHal MsT s3eFn CScaFo
L. Innes, president of Spiegel May Stern.
Consolidated net operating income of
the Commercial Credit companies for I
July 1922 7s vas $e541go9 1913 So MeP fn
come on the average common stock out
standing for July, 1929, was at the annual
rate of 5000 per share as compared Win
$468 for July. 1928.
Net sales for August of Lane Drug stores,
Inc, company which operates a chaIn
al amo cunt to $685., $40. Net profit for the
same month amounted to $3025S, the hg-
ures for both sales and earnings being
higher than for any month IN tne current
year.
John Burnham & Co. are expected to
offer within few days 10000 units OF
the Burnham Trading Corporation, un-
der Burnham management. The units
probably will consist of one share OF
stock and one share of common stock a.
an approximate price of $50 unit.
Application will be made to list both
issues on the Chicago Stock Exchange.
DETROIT, Sept. 23.-sales of the Kirsch
were $391.7S6 as compared with $338,537
Of approximately is per, cent, according
H I5sd PFesdent 2s s3 HeTe fSg 90 y
Increase Of $2so.869 over 1928.
Nachman- SpringfiIIed Corporation has
recently established a new plant at Nor
a total of six plants, others being located
at BROOKLYN, Norfolk. Chelsea, Grand
Rapids, Chicago and Los Angeles.
Directors Of the Hartman Corporation
today approved the offer. from Montgom-
cry Ward & Co. to acquire the Hartman
meeting Of Hartman stockholders has
been called for Oct. Is to vote on the
proposal.
During the first seven months of 1929
the electric light and power industry
added 1.150,000 kilowatts to the capacity
of its generating plants, according to
statement issued by the statistical re-
search department of the National Elec-
trio Light Association.
Independent Oil Company. the Hackle-
burg Oil Company and the Home Oil Com
pany. all operating in Mississippi and Ala
bama. by the Lion Oil Refining Company
of Ell DoraGo, Ark. is announced today
by Colonel T. H. Barton, president Of the
company.