The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-22
Business
and
Finance

DETROIT, July 22-Tremendous
activities of the Ford Motor Com
pany in recent months will result
in the production of the two mill
lionth model A car here Wednesday,
Ford officials said today.
The first model A was completed
Dec. 8 1927, and the first million
mark reached early last February.
Ford officials predict that the third
million cars of the new model will
be manufactured in even less
time than it took to product the sec
ond million,
B1J Times SDCcidE
TOLEDO, O.. July 22.-There will
be no change in the personnel or
policies of the Willyc-Overland Or
ganization, it was indicated here to-
day in q statement by LinWood A
Miller, who succeeds John North
WHY'S as president of the company.
By United Press
WASHINGTON. July 22.-The depart
ment of commerce announced TO-DAY that
the use Of American wheat -four IS IN
countries. Last year Wheat-four ship
ments amounted to 10000 barrels. an in
crease of 101, 900 barrels over 1927, and
227, 900 barrels over the average movement
More than 95 per cent of all wheat -four
imported into Central American countries
is is exported from the United States. &C
cording to the commerce department.
forthcoming 1880 line of the Buick
Motor Company IRE due to be an5wered
by actual facts in the near future, &C
cording to Buick officials. who now let
it he known that the lines and specih-
cations on the 1880 Buick were approved
some time ago. and have been placed in
the hands of the production department.
Sugar prices during the balance of the
year will be strengthened by several rae
tors. the most important of which is the
prospect of a smaller Cuban harvest next
winter in the opinion of the Brookmire
economic service. which points out that
Done this spring that when bulllsh ele-
ments gained control prices responded
with sharp rise.
Predictions OF expanding consumption
and rcplcnishing Of depleted invisible sup
plies are being fulfilled. Distribution IN
the United States III the trst nan OF 1879
exceeded the same period OF 1923 by nearly
10 per cent.
BU Times Special
WASHINGTON. July 22-The depart
mcnt Of commerce announces that, accord
ing to preliminary census figures, 35.12l,-
636 cotton spinning SpindleS we're in place
in the United States on June 80. 1929. Of
which 0,628l22 we're operated at some
time during the month. compared. With
3O.9l0.28 for Nav, &c, 1924. 134 for April. 81.
1903 999 for March. 81 .007 936 for Februar ~,
30757,552 for January and 26,627.556 for
June, 1928
The Illinois Central Railroad Company
have ordered five 600-H. P.-oil- electric
locomotives from IngersoH Rand Com
pany and General Electric Company.
En- Times NDCciHt
CHICAGO Ill. July 22.-Bankers who
deal in figures for other folks are taking
time to do some computing on their own
account that may reVolutionize the mort
gage loan business, according TO E. T. Muir
rev. president of the Mortgage Bankers
Association of America.
For men who can split pennies in making
accurate appraisals of properties up for
loan, often cheat themselves in the way
they figure their profits. says Murrey. vice
president of the American Trust Company
OF Nashville, Tenn.
Five hundred members of the bankers
assoCia ton. located in all parts of the
country, have set to work making ,elab;,
orat surveys of what it costs to handle all
types of loans and the results of this sur
yey will be made public as feature of the
coming convention of the association in