The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-10-18
Business
and
Finance

BIZ United Press
NEW YORK, Oct. 17-Loans on
stocks and bonds to brokers and
dealers by New York federal re-
serve reporting banks increased
$88, 100000 in the week ended Oct.
Is, to 01000,000.
Loans last week totaled $6,713,-
100000 and year ago $4,664, 300, 900.
Wextark Radio Stores. Inc, will open
eight new establishments before the end
OF october as part Of a program Of con
dent. announced today
Three Of these new stores. one in Wau-
kegan, another in Forest Park and the
by oct. 10, while the other five, accord
ing to Wexler, will be open, about Oct 26.
These latter stores are in Gary and Ham
mond, Ind, Portage Park, Chicago and
Detroit.
Natural gas sales of Missouri-Kansas
Pipe Line Company in SEPTEMBER o this
OF 600 cubic feet increase of 315
per cent over the same month in 1928,
today. In september, 1929, Missouri
Kansas sold 290, 900 cubic feet more
gas than it did in the corresponding
month year ago.
The Ken-Rad Tube. and Lamp Corpora
ton reports net earnings of $242,471 after
all charges but before taxes for the first
S123, 1877 for the same period Of 1923, an
increase of So per cent. Earnings for
the period were substantially larger than
liminary estimates prepared several weeks
ago indicated a gain in earnings OF ap-
proximately 80 per cent.
r,,L,io rtoo,, oefar;,c. Mill ha ,,,o5o rho,.+
ly in the financing Of the first lakes-to-
gulf air passenger line, established by
Continental Air Service. Inc. Fifty thou
be offered by syndicate headed by w. G.
Gates 81 Co. at price of 1880 per share.
Common stock of the Clark Equipment
Company was today admitted by the
board of governors to trading on the
NsW o York Stock Ebi 9ss There
The issue, since public offering several
months ago, has been traded on the New
York Curb Exchange.
Gamewell Company reports net income
after depreciation, taxes for the month
nSs s segG 80 scot Of ST nd for T fqdE
in 1928 and $250,s34 for the correspond
has received a large contract for extern
sion and replacement of equipment from
the city of Mt. Vernon, New York. I'm
to nearly $4,000, 900 Tor combined COM
panieS.
Announcement was made today that
rights issued to stockholders of Inter
national Superpower Corporation to
subscribe to additional capital stock at
$75 share in the ratio of one share
of new stock for each four shares held
expire on Oct. 81.
Public Service Corporation of New JerN
sey for September and the twelve months
ended Sept. 30, 1929 shows increases in
both gross earnings and balance avail
able for dividends for September. Gross
earnings were $l1,321, 918 against $10,311,-
while net income from operations totaled
So, 800 708 against $3,010,043, an increase
of 1910 sos.
United Realities, Inc, which operates
eighteen hotels including the Wardman
Park and Carlton hotels in Washington,
d: c., the st. Paul hotel in st. Paul,
Mimi. and the Fort Des Moines hotel in
months ended Aug. 81 1929 net earnings
available for dividends on its preference
with the figure for the same period of
1928 of S72815.76. On this basis the
dividend on the company'S preference
stock IS being earned about 1-3 times,
after depreciation at the rate of $4,000
per annum.
Further expansion of the American
seen in the announcement today of plans
to acquire six additional public utility
properties. Frank r. Hulswit, president,
the preferred and common stockholders
of the corporation. OF the six properties
now under negotiation, the Ramapo Gas
Corporation, operating in Rockland county,
N. Y, will be the first New York property
in the far-flung American Commonwealth
Power System.