The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-21
Business
and
Finance

The report OF Park Lexington Corpora
ton for the year ended Dec. 81, 1929
come come OF Of si.4il. So. Compared viii
81. i55, 700 reported for 1923. The corpora
ton reports $e25.357 net operating prom
probation for 1929 compared with s44s.
800 for 1923 and ST.. 52s balance ate
all interest charges but before depIecia
1923. Depreciation charged for 1872!
amounted to Sis2. 807. The Park LeXing,
ton building Is at present 100 per CEN
rented.
CHICAGO. Feb. 2I-Net sales Of Atlas
Stores Corporation for the seven months
5sS.is2. While surplus alter charges. take,
and preferred dividends was se37.77l eaua
to s3i7 a share on 2s5.3 o1 shares Of com
For the fiscal year ended June l, 1929
the corporation had net sales OF 49,
I75.767 and surplus for the common STOCK
on the same number Of common shares.
According TO an advance report Of the
Administrator Principal de Hacienda Of
the Department of Cundinamarea, Colom-
bla. received by J. & w. Seligman Com
pany. fscaI agents for the departments
secured 6lz per cent sinking fund gold
bonds due 1889. revenues pledged as Sc
curity for the bonds, less municipal par
ticipatlons, amounted for the fiscal year
ended June 30. 1929. to 4.sS3,578 pesos,
or A.S50,516 at par Of exchange. as COM
pared with 4,209,6S pesos, S4.097. 2S4 for
the preceding fiscal year. Service
charges Of 5000, 200 on the bonds were
thus covered 500 times in the fiscal year
1929. The pledged revenues include gross
revenues from the distilled liquor mono
poly and from taxes on other liquors,
slaughter houses, and tobacco, after de-
Quoting municipal participations.
THE railroads OF New England. as near
as we can make out, represent an in
operate at an annual expense of 1892, 900, :
600 and earn $685. 900. 90" said the Hon.
J. G. Sargent Of Ludlow. Vermont At
torney- General Of the United States under
former President Calvin Coolidge, and now
a director OF the Central Vermont Rail-
way. Inc. speaking before the members
Of the Traffic Club Of New England here
tonight.
CHICAGO. Feb. 21.-Net income of the
Kalamazoo Stove Company in 1929 was
the largest in the history OF the COM
pany, according to the annual report
made public Thursday. Net income for
the year was S687. 463, equal to SS.76 per
share on the 1926 shares of no-par COM
mon stock outstanding, after all charges
and taxes.
The company has current position Of
nearly to /, with current assets listed
as S278S,S and current liabilities as
S39S 6S3.
Net worth of Corporation Securities
Company of Chicago was in excess OF $50,
600 600 on Feb. Is. according to the state
at the annual meeting. It. was. also an
nounced that net profits for the perlod
from oct. 5. the date of incorporation OF
the company, to Dec. 81, 1917, were
$500 O91.
The railways earned in 1929 an aver
age return of 1870 per cent on their
property Investment, according to the
Railway Age. The figure given in
statement issued this week by the
Bureau OF Railway Economics Is 4.96
per cent. but II Is pointed out that this
is arrived at by including about $751;
600. 900 of compensation for carrying the
mails which was earned between May,
1925, and August. 1928. and which. be-
cause of litigation with the postOfflce
department WAS hot AcSSAfeu W VIM
railways until 1929.
1.-THE year 1926 still ranks as the most
prosperous the railways have had since
the war" says the Railway Age. which
shows that, Including the mail pay that
should have been credited to previous
years, the return earned by the Glass /
roads in 1926 was 519 per cent: in 1927,
4.II per cent. and in 1923, AS per cent.
A new process for making bank notes
which it is claimed cannot be worn out.
torn. or burned has recently been per-
fected bv a Swiss scientists, M. U. Schoop.
Of Zurich The process consists of coat
10 paper pulp with tin.