The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-12-28

prove changes in the corporate
structures of the companies which
will unite them in a more COM
pact system and provide favorable
basis for further expansion"
Central Alloy Steel Corporation, Mas
silon. o.. is pushing plans for increased
productive facilities for Endure stainless
s1ssl sne PassdSadi inpsS
bounced by F. j. Grifiths. chairman.
Demand, for the material is growing rap
ton Of demand has resulted chiefly from
bright parts Of new models by number
of leading automobile companies.
Commodity prices, on the average,
after declining to the lowest levels since
August, 1927, have recently shown
steAdier tendency Irving Fishers
weekly price index for the week ending
Dec. Is was s2.6. the same rs month
ago. This compares with the 1929
high of 99.2 at the end OF July. A year
ago the index was 96S. Despite the
recent halt in the downward trend,
no conspicuous recovery Is In immedi-
ate prospect. 1t is probable that fur
ther sagging will be in evidence before
any real strength develops.
Ru Times Special
CHICAGO, Dec. 27.--Chin has placed a
large order for films with De Vry School
films, Inc. subsidiary OF Q. R. SIDE Vry
Corporation. At the same time It was
has H'' ordered s Aims on electrical subjects
from the company. The health depart
ment of the government Of Mexico has
and hygiene films to be used with De Vry
projectors.
The, Ohio. Oil Company has called a
BY the Issuance of a new, per cent
FOR fif that Of ' the Illinois Pipe Line Com
ton of $50. 900 900 Of per cent cumuIa3
offered 70 Illinois Pipe Line stoe;kholdsTSs
Share sH' Of pail illinois Pipe Line cOmpany
stock: The latter has outstanding, AGO.
900 shares of 500 par capital stock:
prSpe4 TT is d t6 eaf SSaT TSe R
holders fHi Of the 500, 900 Shares Of Ohio OH
are noT 9UtSta n sy 10000 vs. shares
Indiana Pipe Line Company has declared
an extra dividend OF rs cents share
and the regular quarterly dividend OF
fRI ea5 Of fiq record Jan a. This Is tie
same rsguIar and extra ps agfee as os-
Autonobi production In November
was radically eu,tailed 70 the lowest
rate of the year. The output In the
United States and Canada Is estimated
at 225, 900 as compared with $4,000 In
October and 66S, 900 In April. the record
month. For the third consecutive
month automobile production was
smaller than In the corresponding
month a year ago. In November last
year the output totaled 100000 cars.
Ru Times SpeciaJ
mand for hardware reached its peak
during the past Teek maTfst s1 nss
Ja oSSber rn in i' many See Of the Principal markets
were forced to work night and day to III
the avalanche of rush orders FOR hoilday
west have reported that their holiday sales
totals have been the largest in history. |
other sections advise, that Christmas trade
was about on n parity with last year.
Lumber prices were reduced during the
past month to the same Level as year
shen last ti year and steadily decreasing.
some further price cutting should make
its softxoGd ,tb LUMBER sscn 5de6
d ss Sef was ss' reduced somewhat. Hard
c mD3a d in November. with orders for
the month totaling 500 per cent less
than in November, 1923. In spite Of tne
production in November was stu far out
Of line with demand. In both hardwood
flIed orders decreased
The sugar market has recently shown
a slightly hrmer tendency on the posi-
bility Of some curtailment Of the Cuban
sugar crop. Estimates Of the Cuban
crop show considerable variation. The
Cuban department Of agriculture re-
Gently estimated the yield at 4,545.0O0
long tons, while private estimates have
rum as high as 1900, 900 tons. The larK-
est estimate, however, Is below the
1928 record production of 5.156.000 tons.
Brooklyn Manhattan Transit's earnings
for the first five months Of its current
fiscal year ended Nov. 80. were equal to
$2.56 per, share and o all indications lar, are
that final net for 1880 will establish
new high record.
Domestic consumption Of cigarettes
continues to run considerably ahead OF
cigars and smoking tobacco have de-
clfned. and the foreign demand for both
of. The main factor responsible for The
decrease in exports Of cigarettes was the
drop Of SIS per cent in the Chinese
ternal and internal strife.
National Transit, Company has started
TOsk rom on s Duke V Ssne 81 staon pipe
Simpson. Pa. which will increase the
Capacity IN the soT0sshneapstsrly. Sm0'yemeqt
Is D say ins GoD T T B Duke
Is d being se S raSst p
s assid fiaS!.- has Teceiyed an order Tor
e sased oraers eEpscted to Keep
Transit plant working full time during |
the winter.
Commercial failures in the United States |
will be somewhat less numerous IN 1929
than they were either in 1928 or the year
o ords Of = r. he e. pnn Some inc
in the number of defaults will appear |
for December. not only in comparison with |
accordance with the usual custom. but |
the number will also be slightly higher |
than for the corresponding month Of the
Liabilities. too. will be heavy, especially |
for December. in which month there have
the the total for 1925 viii be less than for |
both of the preceding years.
With the closing month Of 1929 partly |
estimated. insolvencies in commercial lines
for the year will number 22.s22, with |
liabilities of $473 995 ,082. These fgureS |
Compare with 1882 similar defaults in |
1928, owing $4s9. 559, 624 of Indebtedness.
The increase In the new tobacco crop |
of SO per cent over last year was large |
enough TO Offset decreases in both the |
carryover and imports and to leave !
supply at the end of October IA per cent |
larger than at the same time In 1923.
Local Wagon Wheat