The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-09
Business
Finance

'WASHINGTON, Oct. s.-The
Atchison, Topeka and Santa Fe
railway was authorized today by the
interstate commerce commission to
acquire direct control OF the Kan
sas City. Mexico and Orient Rail
way Company of Texas.
The commissions final order in
this case permits a merger OF the
two lines which are already closely
related. The Orient simultaneously
was authorized to issue $2,500,000
of first mortgage bonds and $780,
900 in stock to be delivered to the
Santa Fe in reimbursement for ad-
vanceS made.
DEVELOPMENT of an iceless refrigerator
car, in which mechanical refrigeration
IS obtained by power drawn from the
president of North American Car Cor
poration.
Noblitt-sparks Industries, Inc, today re-
ported shipments for September Of S708,%
500 Compared with shipments of SeptemN
Der a year ago of 1896 900. For the. nine
months so far Shipments were ss,sl1 900
the same period in 1925. Ofhcials of the
company say that earnings will exceed
50 per share in September alone.
Keith Bon 4 C; Inc, New YPEb;
liverpool England; Robert N; Little
john & Co. New York; and William E.
Co., Inc. have been elected to mem
bership in the Rubber Exchange of New
York.
Marvin Radio Tube Corporation, leading
independent tube manufacturers, has or
gonized an export sales division to handle
foreign business: Thomas F. James, presi-
dent, announced tuesday.
DETROIT, Oct. "a 5000. 900 issue
Of Evans Auto Loading Co; Inc cGnj
Aug. is, 1928 and maturing Aug. Is,
1888 is being offered today by a syndi-
cate headed by the Detroit company and
The offering is being made at par and
accrued interest.
Metropolitan Chain stores, Inc, report
sales for September ~totaling $l47I,1os
against 81, 108,935 for September 1923, an
increase of 1852, 248 or 1915 per cent. Sales
totaled sIlssos,ioS against sa,2S4,252, a
gain Of So, 1923. $50 or 1852 per cent.
The board of directors of Tri-Con-
tinental Allied Company Incorporated
declared the initial regular quarterly
dividend Of IS cents a Share on the s
per cent cumulative preferred stock of
the corporation. payable November 10
to holders of unit certificates Of record
Oct. 25.
Pacific Gas & Electric Company is now
taking natural gas from Mexican Sea-
boards Elliott No. l well at Kettleman
Hills, Cal, at the rate of 80. 900, 900 cubic
feet per day. The gas Is being used in a
steam plant to generate electricity for
for domestic and commercial uses. Kettle
man Hills gas has not yet been turned
into the mains of San Francisco and
Oakland.
Super Diesel Aircraft Engines and the
newly designed motor bus and motor truck
Diesel engine will shortly be built by one
of Americas largest automotiye concerns,
according to an announcement MADE to-
day by the General Super Diesel Motors
Corporation.
John T.. Lowe, chairman, American
Department Stores Corporation, an
L. Jay as president. and J. W. Jay as
secretary of the corporation and all
subsidiary companies. The designations
are effective as of Oct. 3, 1929. L. l..
Jay will continue as a member of the
board of directors.
Paul Perutz. Vienna. Austria. and S:
members of the New York Coffee & Sugar
Exchange. Maison Jules Destombe, S. A.
Paris, France, and the Commercial &
Industrial Bank, formerly the Landerbank
of Prague, Czechoslovakia. have applied
for corporation privileges on the exchange.