The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-17
Business
and
Finance

I Fsf uIEE HIfci1t
DETROIT. July l7.-Graham-
Paige set ? new quarterly produc-
ton record in the three months
ended June 30, and also completed
the first six months of 1929 with q
total exceeding any previous hall
YEAR. In addition, the overseas and
Canadian shipments for six months
not only set new records, but even
exceeded the totals for all twelve
months OF last year.
The second quarters total produc-
ton was 29,214 cars, surprising the
previous high record Of 26.741. made
in the third quarter Of last year.
For the first half Of 1929. the pro-
duction total is 1893 cars. a gain OF
1879. more than 40 per cent, over
the first six months of last year.
Monthly production thus has aver
aged over 1000 cars. The 5O,GOOth
1929 model was built June 7.
Shipments to export points in sly
months total 1913, exceeding by II
per cent the twelve months record
for 1928. The latest official summary
Of automobile exports, all makes IN
Guided. shows that Graham Paige
has risen from twelfth place to
seventh this year To Canada, ship
ments for six months this year total
3.61l. as against the entire years
total of 3,480 in 1928.
Declaring that oyerproduction in Cali
fornie viii not AFFECT adversely earnings
Of integrated companies. H. J. Struth. a
petroleum economist. in comprehensive
study Of the industry. states in Barron S
Weekly that the industry is entering a
period Of peak gasoline demand at prices
that insure d profit 20 all. and that
marked improvement in earnings IN re-
cent months Will be continued throughout
the summer. He estimates that the
potential gasoline demand for the year
win total 995.000.000 barrels.
Likening the present evolution Of avia-
ton to the initial commercial stages of
radio between 1928 and 1926. and the
automobile industry between 1910 and
that there are signs Of too rapid eXpan-
sion in aviation today. Barron s Weekly
says it took the railroad industry 100
years to reach a period Of stability and
maturity. and the motor industry after
twenty years of commercial evolution has
only recently entered the period of ma
turity.
The aviation industry is not direct
parallel. because it is evolving much
faster than other lines. and at present is
passing through several stages at the
same time. At present. ii undoubtedly is
passing through the stages of oyer-expan-
sion and merger.
BIZ United Press
MOSCOW. July 1.-THE delegation of
American business men who will tour
Russia were en- route here today from
the soviet frontier BY special train fur
nished by the soviet government.
The leading economic newspaper Eco
nOmic Life. devoted its complete issue
today to soviet-American relations in
honor Of the American visitors.
BIZ Times special
REGINA. SaSka tcheTan.. July II Total
sales Of all the larger cooperative agencies
IN SASKATCHEWAN amounted during 1928 to
Tho volume OF business transacted by
producer co1operatives in Saskatchewan
Producers. Ito, $3.50 900 900: Cooperating
Producers. Ltd s4Si8 SS6 coopeTs}Te
Trading ASSocis ton, 50, 1852 900: Municipal
Hail Association. 1886, 900; Poultry Pro-
GroTsrs Ltd Co., csagadsn coop
erative Wool Growers. Ltd, Saskatchewan
BRANCH. $4,000. grand total of $l76.-
$4,000.
Raw furs to the value of s4.S06, 63l .O5
representing 1919 pelts we're exported
from Alberta during the year ended June
we're 2I.7s9 beavers = vaiued at s544, 1873;
508.136 muSkrats worth 1860. $3.50 and
22,793 fox pelts valued at sss4,a7o.