The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-01-21
Business
and
Finance

A0ElNI OINy jail. Sls-A ANN-
ord for expenditures for construc-
ton and maintenance of public
works, and for public utility extern
sion programs, will be established
during 1890, it is predicted by Secre-
tary of Commerce Robert P. La
mont. who estimates proposed ex-
penditures at $1,000, 900 600.
The estimate does not take into
account residences, industrial Struc-
lures and private operations, which
last year totaled more than $3,OO0,-
600 900.
BIZ United Press
BERLIN, Jan. 2l.-EXportS ex-
ceeded imports in the 1929 trade
balance, due to steep decline in
December imports. statistics re-
leased Monday disclosed.
The exports, including repara-
tons deliveries in kind, totaled
13.482,00O,000 marks. Imports
totaled 13,435, 600, 900 marks.
The fifty most active stocks trad
ed on the Chicago Stock Exchange
during the week ended Jan. 10, had
a market value of $1,6l6713.185 at
the close of business Saturday as
compared with $2,O68 ,938, 493 at the
close of the previous week. accord
ing to compilation by Lage g. Co.
This represents a decrease of $452,-
DDS BOB or 27 Q7 Der cent
Construction of a 70 0oO-yolt transmits
sion line 1876 miles long will be started
soon I1cs to make M the vast water power re-
Company available to the Swedish Wood
Pulp Companies. recently ACQUIRED by
cable advices from Stockholm received by
Lee. HigginSon 81 Co.
Auburn Automobile Company. with per
share earnings double those of the pre-
vlOus year, established a new high
profit record in 1929. The annual re-
port issued last night reveals that net
income for the year ended Nov. 30, 1929.
tOtaled $36O3, 200. which, after all de-
auctions and charRe-ons, eQualed S21.2S
share OF the 1853, $3.50 shares of capital
stock outstanding. This compares with
29O or S10.77 q share on 141, $50
shares of stock In the preceding year.
The system OF companies controlled by
the Beneficial Industrial Loan Corporation
made loans for the year, 1929. OF $50, SIS
297 against SAC. 735. 1875 for 1928. an in
crease of $11.778,ll2 or more than rs
by Clarence Hodson e. Co. This figure
established new high record for all time.
For December, 1929. loans were 81 ,049
1898 s''' ''''-'''0+ - WIG SAINT '''''''' -
Directors of American and Continental
Corporation. have declared a special
common and Class A shares, payable
March /. TO stockholders of record Feb. 10.
The board of directors of the Inter
state Public Service Company has de-
cIared the regular quarterly dividend of
n per cent on the outstanding preferred
stock of the company. payable Feb. Is,
1880. to stockholders of record Jan. 81,
$780,
The ninety-eighth annual report OF The
Bank of Nova Scotia made public Monday
shows net profits Of $2,76l.ll7 for the year
ended Dec 81 lS2s; record g sg 5.s a 2
earned during 1928. After dividends Of
81. 100000. war tax on circulation of
100000, contIdi6utton g TO- officer 6 pension
bank premises account. there remained a
surplus of s55l1 for the year. Including
the $914725 carried forward from 1923
profit and loss account amounted to
81. ACE. s42 as of Dec. 81, 1929.
Directors Of Ludwig Baumann e. Co.
have declared the regular quarterly div
idend Of ia per cent on the convertible
per cent cumulative first preferred
stock, payable Feb. Is. 1893. to stock
holders Of record Feb. 1, 1880.
Net earnings of Consolidated Aircraft
Corporation for the year 1929 should ap-
proximate $3.50 per share. after charges
against operating costs of the entire de-
velopment expense of four new products
The Fleet, F1eetster. Thomas-MorSe and
the Commodore-according TO prelimi-
nary statement of the corporation activl-
ties during the past year by r. H. Fleet.
president. ..
of the Central Indiana Power Company
held Monday afternoon, Samuel insult Jr.
was elected vice-cbairman of the company
and Robert NJ. FeuSte was elected preSl-
dent, Mr. insult Jr. has been president,
and Mr.. Feustel vice-president.
BIZ Times Special
FIT. MADISON. Ia, Jan. z.-Regular 81
quarterly preferred dividend was paid 70
dav TO stockholders of record last Dec. 81.
This is at the rate of per cent per an
mum.
Nd III nc