The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-12-23
Business
Q71d-
Finance

Dividend disbursements BY the Gillette
1929 were the largest in the company 5
history. In addition to payments OF
$40, 100000, in cash. which represents : per
holders received on Dec. 2, = stock dividend
Of per cent. which called for the issuance
of 100000 additional shares.
The Curtiss-wright FLYING Service at
the Fairfax Airport in Kansas City has re-
dvced its air taxi rates 70 As cents r., a
former rate was so cents.
The Spartan School of Aeronautics.
operated by the spartan Aircraft Com
pany, of Tulsa Oklahoma. has in
sugurated q special branch for the in
struction in acetylene welding, accord.
ing to N. G. Souther. Nearly score Of
students have already been enrolled.
ner-Denver Company in 1929 was the
greatest IN the history Of The organization.
Germs. the Gardner Governor Company,
and the Denver Rock Drill Manufacturing
Company. have resulted IN surprising our
anticipation. Our three plants, LOCATED at
quincy, Denver and La Grange. Mo, have
been working at full capacity and We are
looking forward to even greater produc-
ton during the coming year.
The directors of S. w. Strauss & Co..
Inc. of Delaware. have declared the reRu-
lar quarterly dividend Of 80 cents per
share, payable Jan. 2, TO stockholders OF
record Dec. 90.
The hides futures market has thor
oughly discounted the general bearish-
ness engendered by the recent unfavor-
able developments in securities markets,
and the outlook for hide prices is ma
teriaIiy improved, declares NJ. r. Kat
zenberg, president of the New York
Hide Exchange.
A bill making equipment Of all motor
vehicles with rubber tires mandatory. be-
lieVed to be the first legislation OF Its kind
eyer to be proposed, mas been fled with
cordng to the Rubber Exchange Of New
York.
The output of electricity during No
yem5er. for the country as whole,
shows substantial gain over the same
period during 1928. as reported by the
statistical research department of the
National Electric Light Association.
However for the first time this year the
increase has fallen below the figure of
normal growth. as determined by past
experience. The figures suggest some
recession in industrial activity.
Business on the books of Foote Brothers
Gear and Machine Company at the pres
ent time is sufficient to insure three
months of fultime operations, w: G..
Davis. president. said today. All plants
Of the company are working on heavy
production schedules. he stated.
Members of the New York Cotton EX-
change have been advised that owing
to the unsettlement in the stock market.
the Inauguration of trading in cotton
mill and other allied securities on the
exchange would be deferred for the time
being,
NEW YORK. Dec. 23.-Placed at $4s,~
84l 900. the money value Of heavy. con-
struction and engineering contracts Jet in
the United States in the past week showed
a gain over the preceding weeks total.
ss5, 48l 900, but was slightly below the
value of contract lettings announced in
the corresponding week last year, engineer,
ing news record reports. Commercial
building awards in the last seven-day pc
Rod led all other classes. revealing a
contracts let in the same classification in