The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-05

level as year ago.
Gotham Silk Hosiery Company. Inc. ano
subsidiary companies report net income OF
1888, 800 after all operating charges t ea-
DEPRECIATION interest on funded debt anq
estimated Federal Income Tax net pront
AMOUNTED to Gs24S1s Attee d1vi neT cent nj
2STStt tive on preferred STOCK. the balance ap
spIjcable to the common stock was s66o,o2z
EQUIVALENT before sinking fund accrued
the average numebr, 44S,355 shares OF
common stock outstanding for the SIX
months.
feet of more than 500 new Checker
cabs soon will be added to those ALREADY
in use in Philadelphia, according to an
Sresident Of Mitten Management The first
of these cabs which the Philadelphia Raplo
Transit Company has contracted WIN Ine
Checker Cab Manufacturing Company Ioi
viii be on the streets by Sept. Is and al
will be in operation before Nov. l. 1879.
Gross revenues of the Fairfax Airports,
Inc, at Kansas City from Oct. l. 1923
to ,Juiv i, 1929. were s122, 200. Within
a short time. due to new leases, increased
planes landing and taking off each day
the monthly revenue is expected TO be
5000 900. The. airport was Opened eFnta TIN In
building and handspring programs are
Completed. A total Of 300 acres of land are
owned by the corporation and when com.
In the United states
National Screen Service Corporation re-
ports for the first six months OF 1929 net
Share. as compared with $3.50, 34s, or 81; 1875
share in the first half last year. Net
for the FIRST six months 6 5ns gsar tmes
dividend requirements. Earnings lor
June. normally one Of the poorest months
OF the year. were almost three times
Of $3.50 per share. AS of June 80. the
company had surplus of $142,613
ps skey Wells NO 15p ny IS o the so6a
ranch. Texas Panhandle. with No: IS
bringing in 500 barrels day and the
Sales Of neon tubing by the Q. r. s;
De yry Corporation in. July, sversged
per cent compared to July year ago,
T. NJ. Fletcher. president: stated today
Orders on hand and under negotiation.
five neon tube plants operating at capac-
ity during the remainder of the current
year Gross bushes for 60 The fSo d tTsf te
$4,000, 900. -,-
Gardner-Denver Company showed net
earnings of Sl34 900 in July this year as
compared with 100000 in the same month
Of 1928. according to statement today
by r. G.. Gardner, vice-president This IS
after depreciation. federal taxes and all
charges. and is equal to so cents share
on the 1857 shares OF common stock
outstanding. after allowing for preferred
earnings in July last year we're equal to
40 cents a share.
International Hvdro-Electric System
rril1 hove 0rOdUctioO in excess of 4. $780,
COO kilowstt hours this year. placing it in
the front rank of the worlds greatest
nounced by Frank D. Comerford. vice
president and treasurer. The actual pro-
duction for the first six months OF 1923
was 1913. 5000 kilowatt hours, which is
for the year.
Loadings Of revenue freight for the week
ended July 20 totsled 1,o7s.6 95 cars. the
car service division of the American Rail
way Association reports: Compared with
the correspondng week last year TINS MS vas IS
Of 66,l1o over the corresponding week IN
1927. ,.,-
an increase Of 1909 cars. with increase
being reported in the loadngs of all COM
modities except livestock and coal.
Producers Of manufactured ice are exz-
periencing a very favorable year. with
sales greatly exceeding PreySSus rsGo .,dy
of profits Mechanical refrigeration con-
Germs also are in the most fortunate po-
sition witnessed for several years; f tin, :,
substantial improvement over last year
earnings. according to the current survey
Of the Standard Statistics Company OF
New York.
On Friday, Aug. Q. at 8 p. M. eastern
time, the Department of Agriculture Will
.A- u ~
details will not be released until a. m.
Saturday. Aug. 10.
nf Agriculture will be released on Thurs
day, Aug. 8, at II a. m, eastern time
New efficiency records since 1920 were
Nav. 1929. in all ten selected items of
freight service operating averages. &C
cordine to a report Just issued by the
merce commission.
The following new records were reported.
Net ton-riles per mile OF road per gay
io con- s1oSi isos tons: net tranosd si7
tons: gross ton miles per train hour lex
Der car dav 55i: average carload. 2e.7
tons: car-miles per car-dav. 1919 per cent
Of loaded cars to total; 62.S; cars per train
cn tngiu ner 200 9Toss ton.miles 2inciuding
locomotiyes). li9.
The floor coverings manufacturing IN
dustry. after several Years Of depression
and despite excessive production capacity.
presents unmistekable signs q being on
the way to recover This G Is most v6 eEi
is witnessing fair profits through the plan
of limiting outnut to forward orders and
furnishing popular goods In nexly estao-
age according TO the current survey Of
the Standard Statistics Company of New
York.
Glass railroads on July IS had 211.1s5
surplus freight cars in good repair and
immediately available for service. the car
service division Of the American Railway
This was an Increase Of a57 cars
COMPARED With Jul, Iulv 8. at which time
Surplus coal csrs m .Trlv IS totaled
50 $40. an increaee NJ 10 SOP cars within
approxine tely week. while surnlus box
3.ns7 for the same period.
Reports also showed % oi5 surnlus stock
cars. reduction Of 1897 cars under the
refrioerator ears totaled 13 $40, an increase
Of AL for the sane period.
Federal Motor Truck Company -eports
for six months ended June 3d. 1929. net
Income Of s3t5 ~ after charges. de-
nrecie tio' and tsxes This is equivalent
4as. 543 shares Of no par value stock.
Effective Aug. I. tire Du Port cellophane
reduction on celinrhsne both regular and
moisture Droof. This was the seventh re-
duction since domestic manufs cture was
startAd by the Du Pont company in 1924.
and the price nov Is less than 40 per cent
OF v'hat IL was at that time.
This period has. seen the development
and nerfection Of moisture-oroof cello
nhane which has won an important place
in the candy baking. meat fish. cigar
and other industries.
ALTHOUGH fire Hesdv Msnufs rturing Com
5bauv Of Indiana polls one Of the lsrgss.
makers Of drums in the country and tire
Conn and Bueecher bond Instrument COM
rznies OF E1khsrt are IN process If merger.
the rsAdv corranv wiz retain IT'S feetorv
AT 1893 East Palmer street. q. G. Leedy.
PRESIDENT announced today.
although this company has accented
the terms OF the consolidation the pro-