The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-04-29

compared with S3,457,903, 600 at the
close of the previous week. accord
ing to compilation by Swift, Lam
gill g. Henke. This represents an
increase of S63,771,694, or 1.84 per
cent.
Consolidated earnings of Standard
Power and Light Corporation ana supSl-
diary and affiliated companies I9r tne
year 1929 showed a balanee eauivalent 10
s424 a share on the 1,760.OQ0 common
shares now outstanding. according TO the
solidated assets Of sl.1lS,942.244 are re-
ported as of Dec. 81. 1929 Both earnings
and balance sheet give effect OF the re-
Power and Light Corporation ana otheI
transactions of that corporation an {
Standard Gas and Electric Company. Whlch
we're accomplished Jan. Z. 1851.
Net profits Of the Hershey Chocolate
COMPANY for the first quarter of 1880
were the largest for any quarter in the
history of the company. Sales for the
March quarter totaled 11,45O,O 59 against
S11,f8S.22 last year, and operating in
come totaled S2,76l, 299 against $685.
525 last year. After crediting other in
come, and allowing for charges and
taxes. net income available for dividends
totaled S2.32O,21S, which after preferred
dividends and the propOrtionate amount
of the extra dividends on the convertible
reference stock. was equal to S2.65 a
share earned on 678,2I3 shares of COM
mon outstanding. In the first quarter
of 1929 net income of S2,65, 14O, after
same reductions equaIed S2.j7 a share
on 100000 shares then outstanding.
WILLIAMSPORT, Pa, April 29.-Total
production of Lycoming Manufacturing
Company for the month of March eX-
ceeded the total output during February
of the average monthly production during
1929, w. H. Beal. vice-president reported
Monday. Lycoming is a subsidiary Of Au-
burn Automobile Company.
CHICAGO, April 29.-Borg-Warner
Corporation reports net income. after
all charges including depreciation and
taxes, for the first quarter of 1880 total
ing S1,O97,S1l. equal, after preferred diyi-
dend requirements, to 81 cents a share
1,23O,6S6 shares of common stock
outstanding.
The balance sheet on March 81 showed
cash of S3.123,SS6 and call loans and
marketable securities of S4,II9,455.
l0lal OF Si,Jl3,44I, substantially III eX-
of current liabilities. Total current
liabilities, including provisions for taxes
and April 1 d. Iidend requirements, were
S5,530.77l nd total current assets
amounted TO S19,9io.468.
L. A. Young president Of the L. A.
Young Spring and Wire Corporation, stated
Monday that there is no foundation for
the rulnor that the L. A. Young Spring
and Wire Corporation is contemplating
purchasing a stock interest in the Reyn-
oldS Spring Company of Jackson, Mich.
Net assets of American SuperpOwer
Corporation. one of the largest public
utility holding companies in the United
states, aggregated 2S6,559,S12 as of
March %, 1880. an increase of $4,000
191 or approximately 40 per cent COM
pared with S2O6,465,o21 reported as of
Dec. 81, 1929, and an increase of SIG
G92919 compared with Sl69S66,S93 re-
ported on Dec. 81, 1928.
Fixed investment trusts have accounted
for an aggregate investment OF about
$500 600, 900. according TO an analysis BY
& Co.. members OF the New
York Stock Exchange. who were pioneers
in this form of security. The number of
fixed trusts in operation is placed at APP
proximately 100. with current invested
capital of 5000, 900 900. This figure is sub
less than the aggregate sales OF
fixed trust securities. of which many have
been liauidated or exchanged into certi-