The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-11-05
Business
Finance

The fifty most active stocks traded
in on the Chicago Stock Exchange
during the week ended Oct. 81, had
a market value Of $1,000, 467 ,820 at
the close of business Thursday, as
compared with 3.816,569 500 at the
close OF the previous week. accord
ing to a compilation by Lage 81
Co. This represents a decrease Of
S516.101, TAG or 1853 per cent.
Net income Of the Chicago Great West
ern railroad for 1929 Will show sHo-
stantial improvement over 1923. V. v.
Bostner. president. forecast today. Earn
ings for october. Boatner said, will be
slightly below the same month last year.
accustomed by delay in the grain move
ment in anticipation Of better prices, and
decrease In the fruit crop on the Pa
cihc coast.
Meadows Manufacturing Company OF
Bloomington. ILL.,. which won a soVJ,VVO
suit against the Maytag Company OF
Iowa on a charge OF SANDER ana libel,
before Master in Chancery Edward r.
Allen of quincy, ILL.,. today had won a
further victory through denial of an
appeal petition by the United states
Net earnings Of the Houdaille- Hershey
Corporation for the nine months ended
Sept. 80, 1929. as reported today by
Claire L. Barnes, president; we're s2.s77. :;
taxes This amount is at the rate OF
eight and one-haN times the so annual
cumulative dividend requirements on the
ing as of Sept. go 1929.
Mssns s.I % for oStqesr .e sgO s
for the. same month last year. an increase
Of $4i0.si6 or AS per cent. For the
year, an increase of 1855. o6s or STA per
cent.
plotting plans to increase the number
OF its stockholders from 1S5,0OO to $780,
900, according to an announcement
inaugurated by A. p. Giannini presi-
dent, in a letter from San Francisco to
stockholders under date of Sept. 81,
The market value of 100 representative
stock issues traded on the. New York Stock
Exchange deprecated s7.57s. o43, 900 or
Frazier, Jeike & Co. The loo stocks Which
were appraised at $40. $50. 4o1, 600 at the
end Of September we're worth but $32.-
ISL ,359. 600 at the closing prices Oct. 81.
The firm points out that the Oct. 81
prices were at least several billion dol
lars higher than those prevailing at the
4ONo VI Wv. 80
Net profit of Trico Products Corpora
ton for the third quarter, as announced
for the first nine months of 1879 to
%i,oi5,y64YZ, more than the net for
the entire twelve months OF 1928. Net
period OF 1878. ArIer Geducnng all
amortization charges and PROVISIONS Tor
federal income taxes, the third quarter
net profit carried TO surplus Is 1884,
537.72, bringing the total earnings for
the nine months to sI,sIS,9S4.yZ. Diu-
present rate, were s6S2,Sl2.5O.
Van Slicken Corporation, a subsidiary
bounced this week the Closing of 500
900 contract with one of the oldest and
best known makes of motor cars in the
Karvart for the de luxe trimming Of the
automobile company's line of closed cars
to be exhibited for the first time at the
Chicago and New York automobile shows
for 1880. Karvart trim viii be standard
equipment on the company's closed cars
for next year.
Net income of the Amerada Corporation
and subsidiaries for the third quarter of
!szS, aitr1 all expenses. taxes, depTecia-
ton; depie don and drilling expenses,
s2.45 a hare on the 922. O75 shares shares Of
stock outstanding. This compares with
net income Of $577. 500 or So cents a share
1923.
Lynch Glass Machine Company has
just received it's third repeat order for
extensive automatic glass equipment
from two French firms, the Paul
Laurent Company of St. ROMAN and
the Claude Boucher organization OF
Cognac, France.
A quarterly dividend of so cents per
common share has been declared by the
board Of directors Of Hydro Electric
Securities Corporation. Montreal PAYABLE
on Dec. IA to holders OF record on Nov. IA
savings made possible by large-scale
operatlonS and modern manufacturing
efficiency IS emphasized in the announce
ment by A. .Atwater Kent. the world s
largest manufacturer of radio receiving
equipment, Of a s27 reduction in the
price OF Atwater Kent screen-grid radio
sets e
Atwsater Kent is the third large radio
manufacturer 20 announce price reduc-
tons during the last week. Others are
tne Grigsby- Grunow Company. manufac-
turers of Majestic. and the Radio Cor
poration of America.