The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-04-05

WASHINGTON, April 4.-Loans
on stocks and bonds to brokers and
dealers by reporting member federal
reserve banks in New York City on
April 2, showed an increase OF
s148 900 900 over the previous week S
total. the federal reserve board an
nounced Thursday. Total loans now
stand at S3,968O00. A week ago,
loans totaled $500 100000 and on
April 8, 1929, $500, 100000. On April
4, 1928, loans totaled $3,97e, 308, Goo
The record high of 5000, 900, 900 was
established on Oct. 2, 1929.
Heading the list of electrical appliances
sold during the calendar year 1898, ac-
cording to a survey Of large number OF
electrical companies Just completed oy
Stone g. Webster, Inc. were electric irons
pared with Sill in 1928. other increases
were percolators, 1879 against ~; WASH
ing machines. 80 against 20; e .,aara I
tors 1lS against 9.5; electric cookers, VI
against So, and vacuum cleaner sno moor o',r
poishers. 100 against 81. Mls Sc aa
American consumption OF tin during
March reached the highest level in thir-
teen months, totaling 1878 tons. an in
crease of IS per cent over the February
consumption of 1910 tons, according TO
official statistics made public in Lon
don Thursday.
The worlds total consumption for
March exceeded production by 5S1 tons
Supplies of tin for the month amounted
to il .9O2 tons, compared with 13.lO2
tons in February, representing decline
Of per cent. Deliveries on the other
hand totaled 12.4S3 tons, an increase of
SO per cent over February.
The market value OF 100 representative
common stocks increased SO per cent in
the month Of March. according to
Jeike & CO. The 100 issues at the end
S57 ST. 600 lO compared With $4,000, s2S 900
on Nov. 13. 1929. The same stocks at the
end Of August. 1929. were valued at s4S,-
American Machine and Foundry Com
pany. announced the acquisition Of the
Martin Miller Company; manufacturers .t 81
eventually be absorbed by the larger or
ganization. Martin Miller. president Of
the Miller Company has joined the stan
of the American Machine and Foundry
Company.
Philip GOssler Jr., has been admitted
to partnership in the banking firm of
white. Weld & Co.. effective today. Since
purchasing a seat on the New York Stock
Exchange last July, GOssIer has acted
as an independent broker. He was
formerly associated with Domlnick and
Dominlck.
The worlds largest anthracite coal
breaker, the first all-steel. all-electricallv
equipped of its kind. will 90 into opera
ton today at Locust Summit, Pa, where
1t has been constructed for the Philadel-
phia and Reading Coal and Iron Company
BY the Stone and Webster Engineering
Corporation.
ment Stores. Inc. as made public today,
shows a continuation of the consistent
improvement reported for the previous
yel-r. OF especial interest is the fact
that acquisitions Of new units, effected
early this year. were made without the
necessity Of any public financing. The
| Nationals report covers the fiscal wear
! ended Jan. 81. 1880.
CHICAGO, April 4.--March shipments
of the Auburn Automobile Company
were the largest for the month in the
history of the company, increasing "a
per cent over the previous month and
S14 per cent over year ago. it was
announced by f. L. Cord, president.
Not only does this represent the best
March the Auburn company ever had
Cord said. 'but in only three months
In our entire history have we ever done
better and that was in the record
breaking second quarter of last year"
That the stock market for the re-
mainder of 1880 will be blue chip"