The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-08
Business
and
Finance
By Times Special

By Times Special
NEW YORK. July 5.-In the current IS
sue of the Financial and Economic Review.
Clark, Dodge g. Co. OF New York trace
that the 80 per cent increase in the sales
of twenty standard chains in the first
FIVE months of 1929 indicates that the ex-
pansion Of the last decade IS far from
The Review points out that In spite of
saturation already detected in the grocery
the same rapid growth that has character
tied chains since 1920 will continue
through 1881. at least. and much further
in the case Of chains that have been late
rety chains are mentioned as being in
the early stages Of their development.
En- Times Special
mortgage loans totalling LOIS. 7O2 so on
dwellings and apartment houses alone we're
made by the Prudential Insurance Com
pany Of America during the first six
The failure record complied b. r G.
Dun q Co, continues to be relatively
favorable; default, in the United states
ing 1893. The daily average was less than
for the two Immediately preceding weeks,
while total insolyencies showed reduction
Of l9 from the 357 failures year ago.
The improvement occurred in the east and
the south, where decreases more than Off
set increases in the west and on the Pa
clf1c coast The latter section alone re-
a betterment is shown by the Canadian
insolvency record last week. compared
with the previous weeks returns Defaults
numbered 80, against 40 and the present
total is only a little above the 80 defaults
reported to r. G. Dun 81 Co., year ago.
The large haf-yearly settlements svelled
bank clearings somewhat last week. the
total at all leading cities in the United
ns to Co., ua increase Of
per cent over the figure for the CORE
spending week Of last year.
100000 are 2l.O per cent larger than those
p1ri5n,cipal cednteTs outside Of New York Of
cent The week eRoT Included only i've bus
Of the TWENTY-FIVE leading outside cen
last year--Boston. Philadelphia Buffalo.
Detroit. Cleveland. Cincinnati. Kansas
City, Minneapolis, Atlanta and Seattle
Shippers OF the country. through esti-
mates of the shippers regional advisory
boards. anticipate that carload shipments
of the twenty-nine principal commodities
in the third quarter of this year July,
August and September will be approx
mately 9.8l6.948 cars, On increase of 632.-
2S5 cars above the corresponding period of
vision OF the American Railway Associa-
ton reports.
Loadlngs Of revenue freight for the week
ended June % totsled 1,069.o46 cars. the
ca service division of the American Rail
Way Association reports.
This was a decrease Of forty-three cars
below the preceding week this year. with
decreases being reported in the total load
ings of livestock. coal, coke. and mer-
Chandise l. c. l. freight grain and grain
productst, forest products. ore and mis-
cellaneous freight reported increases.
DETROIT. July s-Hudson Motor Car
od roundng out two ' decades
manufacture. when the 1,779,360th car
rolls of the assembly line.
NEW YORK July s.-what may be the
forerunner Of a vast amount of common
stock financing for the farming business
was seen in the announcement today that
W. A. Hartman &; Co. Inc. and Charles
D. Barney & Co., would make public Of
fcrng this week of $500 shares of no
pany. which is engaged in large scale
and vegetables and is the countrys largest
shippers Of canteloupes and lettuce
The GERHARD company originates most of
the tonnage handled in the fertile sec
New. Mexico, many of the lands of which
produce two crops annually.
The company has under contract either
through lease or ownership $4,000 acres of
other producing centers. a portion is under
suitcase to independent growers. In ad-
dition. the company has its own packing
and loading plants at strategic points.