The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-14
Business
and
Finance

NOTCIl 0GIidtC dfcuIlV AAOAh va
Westinghouse Electric and Manu-
facting Company. The considera-
ton covering nine years will be
$4,000.
The Barbasol Company was
founded eight years ago, its annual
business then being about S2O,OOU'
It is now transacting about $4,000
900 worth of business a year.
Frank B. Shields, vice-presldent
and general manager, said today.
The Studebaker Corporation OF
America announces that 1O,3oo
Studebaker and Erskine cars were
delivered at retail during July. This
figure has been exceeded only once
for July in the past six years. July
deliveries represent an increase OF
SO per cent over June, while the
last ten days of July set a new hlgn
record for that period. Further IN
creaseS in sales are expected as a
result of price reductions on Presl-
dents, Commanders and Dictators,
effective Aug. S.
The latest locomotive deliveries
made by the Baldwin Locomotive
Works to the International Rail-
ways of Central America are de-
signed to burn oil fuel on account
of the relatively high cost of i'm
ported fuel. The two most recent
deliveries were Of MikadO type
engines weighing about seventy
tons each and incorporating all
the most important developments
in locomotive construction. A fea-
thre is the Caproti Poppert valve
gear, recently introduced into the
United States, which are eSpe-
cialIy desirable in regions like
Central America where economics
of water and fuel are so important.
Announcement of the new popu-
lar-priced Hupmobile Six, equipped
with Midland Steeldraulic 4-wheel
brakes has been followed by
speeding-up of plans for large
scale production of the brakes by
the Midland Steel Products Com
pany.
A number of other Well-knoWn
makes of cars are now using the
brakes, and to provide for these as
we'll as for additional orders now in
hand, Midland Steel Products Com
pany has underway 100000 ex-
pansion program at its Detroit
plant.
BH United Press
NEW YORK, Aug. 14.-Directors
of the Sinclair Oil Company today
declared an extra dividend of IS
cents on the common stock in addi-
ton to the quarterly dividend of
so cents, both payable Oct. Is to
stockholders of record Sept. IA.
Gas and Electric Corporation made public
today simultaneously with an announce
gross earnings of the corporation for the
twelve months ending June 80, 1929. of
Sill ,263l7o. compared with s1Ol,776,637
for the preceding IL months, an increase
of So, 486,533, or SO per cent.
Although the natural tapering off of
summer hardware lines has set in trade
in general is unusually steady for this
period in the year, Hardware Age will
say tOmOrr enoI in its weekly market
market centers of the country indicate
that jobbers and retailers alike are ex-
pectant of healthy fall business. and
ing on the books of jobbers.
The schf T. c ceg9 for July reports
July 1928, an increase of $500 or 82.5
per ego cent ertos For the first seven months of
647;647 for. the same period last year, an
increase OF S1.S06, 498 or 68.3 per cent.
been notified that its new Endure Nirosta
ment of the Sis, 100000 eastern Pe nfs5G
nanis prison PTS to be erected near Phladel-
company under Krupp patents Central
alloy vii also supply its rrust-resiSting
light plate metal work at the prison.
National Radiator Corporation reports
for the year ended June 80 profit, before
viding for depreciation, doubtful ac-
counts, adjustment of inventory. mis-
hentures, a net loss of s1,2SO.S47. The
balance sheet as of June 30 showed
total current assets of S6,S91,570, as
compared with current liabilities of
S6I1,261.
The United States will have an income
OF approximately $40, $50, 000, 900 in the
second half of 1929, an increase of per
cent over the corresponding period of
last last, year; says the BrookmiTe Economic
SIX months are strengthened in some de-
is probable during the coming crop year
peak, but from present indications any
recession will be moderate and activity
curing the next six months should average
year. -''''
Within two weeks production schedules
OF the new Sonora radio will start Eu-
gene P. Herman. president Of the Acoustic
frooucts Company. makers Of the receiv-
ing sets, announces.
The New York Coffee and Sugar Ex-
change membership of Carlos De Zaldo
mas mas be been sold to r. Siedenburg & Co.,
Tor $2i.5O0 an increase of $500 over the
last previous sale.
:, sespptembsr, rubber, contracts outstanding
Ties me close Of July y- totaed 4o5lO, as COM
pared with 27;976 September contracts
PgH5SsanaIng July 81 last year, F. r.
in st S@lt Of fl finished copper at reneries
t IN No Or ana d. South America were 97,729
OF June, 70:%12 at end of May. and 54'87i
tons at end of July. 1928 Production in
North and South America 1888 short
tons in July, against 156, 447 tons in june
ana a56 I33, O92 tons in July. 1928 Shipments
158,924 tons July. against 1879 tons in
June, and $4,000 tons in July 1928 ac
eSo2rq ig to American Bureau of Metal
Ine Vortex Manufacturing Companv.
OF Cnlcago has reincorporated under the
IaWS OF Delaware. and ii is reported that
an issue Of Glass A and common stock
shortly will be made by Paul H. Davis
Company, Harris Small g. Company
o. Detroit, and Alfred L. Baker 4
The company is the largest MANN
Iacturer In the world of paper drinking
CUPS cups. In 1928 its output exceeded one
billion cups. 'O"'
sales Of the Automatic Washer Companv
fesac c new six months record in the
urSt naH OF 1929. Net income annmntnd