The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-08-02

Industrial activity ana progress IN
Italy are at the highest point In the
,Sst nsfsud d credto Of Milan reveals;
Unemployment is on the decrease ana
export and domestic sales show nealtny
upward trend.
The crigsby-Grunow Company and its
subsidiaries, manufacturers OF Ms!eSt!c
electric radios. reports net earnings s,5 Pc
M 595e 81 5fae last Of $3.50 s4I equal e Al:
most si3 per share on the. $4,000 shares
Of common stock o. olS conmng divJdends
sfter taxes and homecoming charges;
amounted to s4sl5 952 .d 3iy o5o pa6
curing the year totaled S92o, $50. leaving
a surplus for the year OF S3,s8s's52.
Organization Of the Hide 4n 1I tSs
has been completed, and It is n E9,YtoI Teaqy
Ka 5oanoes Roscoe Marley IS inspector
in chief. with headquarters IN New New YoT !
RYAN IS Inspector. in charge OF ceTtl1ca-
tion work IN Chicago, where ne IS as
sisted by Edward Kruger
Although the terrific heat of last
week has left the Canadian crops, al
ready suffering from lack OF molsture'
in a state of rapid deterlorasioni con
ditions in the Peace, River district OF
northern Alberta, and in northern sas-
kstchewan offer hope to western OBJ
servers that these two regions WIZ III of t5e
weekly crop report of the Canadian
National Railways. On the rest OF tne
prairies 1t is not expected that tne ceop
win average higher than 90 per cent
yield
Net income Of General Nils Inc: for
the year ended May 81, 1929: amolh l{eS
10 bss Tue lust bee been mailed to the stockholders.
Earnings for the period, were at the rave
Of s716 per share Of the common mn S{ {SC
nance. income tax and preferred DIVIDENDS.
The schif Company will have in opera
tion between l40 and $50 stores by tne
close Of 1872 foIGW Ing ths of
Evanston program. Sales for 1929 are
e sxPscted to Exceed s8,5Oo,ooo.
The report Of Ainsworth Manufacturing
COMPANY for the six months ended June
30 Shows net income after depreciatio2nI'
federal taxes and all charges OF S698; 49, %
equal to $4.43 a share on tn ai, 49, rb
fnafef The Ut snnua rate Of s886 share and
COMPARES With s480,273 or Sab share
on the 1854 shares outstanding IN tne
year ended o6 RfG 81 81 s 49, inc ahg gu9s
Of the recently acquired joseph N
Smith Company.
General Asphalt and It's subsidiary
companies report net earnings for 81. SIX
months ending June 80. 1929, Of Si6l, l6O,
as against a deficit of 1899, 42l for the
corresponding period last year Ihere
were no earnings until May this year;
the first three months showing dehclt.
In June the company began to receive
s., 900 daily in royalties on oil and TINS
has now been increase to $4,000 daily.
Rtl United Press
SAN FRANCISCO. Aug. REORGANIZATION
of a 500 900, 900 steamship corporation to
be known as the Dollar Lines, Ltd. Inc
will begin here within few days. 49,
Announcement of the creation OF the
concern was made last night by r. STANLEY
Dollar. vice-president of the company.
IN the opinion of stockholders VINO
formed this huge corporation which makes
The Dollar Steamship Lines, Ltd, Inc, by
far the largest American steamship com
pany, the stock will be sufficient TO take
care of future building of ships and ex-
pansion of the company's services Dollar
said.
The Ohio Seamless Tube Company
shelby. O.. has declared quarterly dlyl-
dend Of ST a share on the common no
par common stock Of the company; The
dividend is payable Aug. Is to stockhold-
I,r1-y