The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-09-19
Business
and
Finance

Time-O-Stat Controls Company
has opened new sales Office in Kan
sas City, Mo, according to announce
ment today by julius K. Luthe,
president. The Office is equipped to
render engineering as well as sales
service. ]. C. Henry has been placed
in charge. Time-O-Stat manu-
facturers automatic heat controls
for domestic and industrial uses in
its plant at Elkhart. Ind. Shares
of the company are listed on the
Chicago Stock Exchange.
United States Radio and Television
Corporation has stepped its production up
to 1900 sets per day. according to Don
NJ. Compton, vice-preSident and general
company had increased its employees to
| l 900 and that they are working nights
| to catch up with their production
schedule.
/ NEW YORK, Sept. 19.-Not only
American manufacturers and exporters
| but American retail business is going
into Europe on large scale. The F. Wy.
current Sales Management magazine, rs
planning to open 40 new retail stores in
! the British Isles and % in Germany IN
the near future. The company. within
| the past few years has established APP
| prOxfmately 400 stores in these two
! countries.
| The board of managers of the New
| York Cotton Exchange has fixed 100000
bales as the limit of interest in futures
contracts which may be held for delivery
or corporation. This is unchanged from
! the limit which has been in effect.
| Earnings of the Pettibone- Mulliken
| Company for the nine months ended
July 81. were $751;, 1923, after all charges
! including taxes. C. H. Eib, president, an
| nounced today. after allowance for
| dividends on preferred stock. this rs
equal to 90 cents per share on 1000
| shares of common stock outstanding.
| The present company was organized less
| than a year ago so no figures for COM
| parable operating periods are available. /
Unhlled orders on the books OF the Pines
Winterfront Company msn"t lac o.
bileS, now exceed the total 1913 output,
James F. Raleigh, president. announced
today, but declared that this situation N
| the new plant next month.
! New York has assumed 8 commanding
lead as the worlds raw silk center through
| the rapidly broadening activities OF the
National Raw SIX Exchange TT PGan SssJ
ended Sept. IA. broke all previous records
| with sales totaling $500 bales. with a
value of $500, 600, which is $50 $50, 9a se6
in excess Of the weeks turnover on the
yokohama exchange. formerly the worlds
leading raw silk market.
| Production Of the RichfieId Oil Com
! pany of California has been Increased
| 5000 barrels daily as the result OF the
| opening mp Of eleven wells on the Kern
| heretofore produced but which were
| shut-in Immediately upon completion,
| C. NJ. Fuller, president. announces.
| E. N. Campo, president Of The Campo ge
CORPORATION, submitted to stockholders the
first earnings statement issued since the
corporation was organized on Nov. II,
1928, The. report shows that from that
4 tons amounted to $691,649.
Out of fOrty-three states reporting
new car registrations by chassis models,
the purchase of Fights above $1,000 for
the first seven months of 1929 as COM
! pared with 1928, according TO cOmpIla-
ton Just made BY Stude baker CORPORA a.
| high as 500 per cent in one state and
! is 81 per cent for all.
| A new record has been established on
| the New York Hide Exchange with the
! first two weeks of September showing
| total transactions of 4,640,000 pounds, as
compared with 3,720,000 for the first two
weeks of August. According to Milton R.
Katzenberg, president, reports from leading
| tanners indicate a marked increase in
utilization of the exchange.
Directors of the Lion Oil Refining
| Company, of Ell Dorado, Ark. have de-
cIared the regular quarterly dividend of
| fifty cents share on the common stock.
payable Oct. 20 to stockholders of record
| Sept %.
Export sales of the @. r. S. Derry
Corporation in August were the largest
of any month in the company's history,
T. M. Fletcher. president, stated today.
Among the larger orders was one from
their agent in Zurich, Switzerland, for
amateur motion picture cameras and pro-
| jectorS totaling $4,000, and one from the
educational commissioner of Peru for il
reels Of educational film to be used in
the public school system. Shipments to
other countries included three reels of
educational film for Finland and two reels
II r. II