The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-09-04
Business
Finance

Production of the Grigsby- Cru
now Company, makers of Majestic
electric radio receiving sets, will be
increased from 5000 to $500 sets a
day, beginning Sept. is, according to
B. J. Grigsby, president.
This is the beginning of the sea-
son for radio manufacturers" Mr..
Grigsby said. with this increased
production, our factories will be OPP
Grating at capacity"
Grigsby also added that it may
be possible that the new production
schedule will be reached a few days
sooner than expected.
Hemp. jute and sugar bags. as well as
burlap, will be traded on the New YORK
Burlap and Jute Exchange when the new
floor is opened the latter part OF this
month. w. r. Primer, secretary OF the eX-
change announces Contracts are being
prepared by a committee and will be made
pubIc rs soon as approved by the board.
Initial plans called Tor futures trading
in burlap alone, but members who trade
in all four commodities requested the
addition OF the new posts.
The Investment Trust of New York,
son, author of Investment Trust, and
vice-president and director of the Penn
Colony Trust Company of Philadelphia;
Of directors. DIR. Grayson is one. of the
foremost authorities on investment trusts
and his book is considered the most
comprehensive in its field
Manufacture OF a new line Of modern
istic. popular priced portable monographs
6y the e 81 R Re- Be SqTPoraSen Mi
said today.
DETROIT, Sept. 3. Appointment Of
as vice-president of the Detroit Aircraft
Corporation was announced today by E. s.
officially associated with the Detroit Air
craft Corporation for several weeks and
for a time acted as general manager OF
the Lockheed division which is located at
Burbank, Cal.
With tin deliveries more than 500 tons
above arrivals. during august 1i america
ton record during 1929. Z. A. Brennan.
secretary of the National Metal Ex-
change, announced today.
Prince & Whitley will bring out later
in the week the Prince &, Whitley Trad
ing Corporation which VIII be authorized
to participate in SyndicateS and under
writing and to buy, sell and hold Securl-
ties.
months of 1929 should show an appre-
ciable gain in business volume compared
with the same period in 1928, Frank S.
Cunningham, president stated today.
Cunningham based his assertion on the
reports of the commercial, agricultural
and general conditions made by the
operating heads of the six distributing
houses of the company at a recent preSI-
Dental conference in Chicago.
North American Car Corporation in
August had the biggest volume of business
of any month in its history, Henry H.
Brigham, president, announced today.
Tank and refrigerator cars operated dur,
ing the. month, including those leased
pared with less than 5000 in August a
year ago.
Approval by the stockholders of Bristol
Myers Company of the proposed acquisi-
recommended in letter sent to the stock
holders today by j. w. Seligman g. Co.,
who issued the stock of BriStol-MyerS.
Stockholders will vote Sept on the pro-
posed acquisition, which has already been
approved by the directors.
Another large order has just been
placed with the Pines Waterfront Com
pany for automatic shutters for two
models of welI-knOwn cars above the
$1,000 class. Immediate daily delivery
to meet the car manufacturers pro-
duction demands is being started.
The Chase National Bank of New York,
trustee, under First and Refunding Mort
gage dated Jan. l. 1924, securing fifteen
years 7 per cent sinking fund. gold bonds
of Warner Sugar Corporation, has received
funds with which to pay July l, 1929. cou-
pons from said bonds.