The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-27
Business
and
Finance

General Printing Ink Corporation and
decessor companies for the period from
Jan. l. 1929 to May IL. and OF General
Printing Ink &c Sorporatieo5no s from May -
after deduction OF the corporations pres
ent annual preferred dividend require
ment Of s2s7.le3. TO 1901 per share on
standing at Dec. 81, 1923. The earnings
compare with 81 .232, 0S9 combined earnings
for 1928 OF predecessors after eliminating
after preferred dividend requirements. to
1921 per share on the same number Of
shares Of common stock.
Public offering OF an issue Of SO, 40o,-
900 Canadian National West Indies
Steamships, Limited e5-year per cent
guaranteed bonds. Is being offered at
100 and interest by banking group
comprising Dillon. Read Company.
The Canadian Bank OF Commerce. The
Royal Bank Of Canada. Dominion Sc
eurities Corporation, Wood, Gundy &
Company, Inc, and A. Z. Ames & Com
pany. Limited. A portion OF the issue
has been Withdrawn for offering in
Canada.
Indiana Hydro Electric Power Com
pany spent sl3l.sl7 to improve its plants
ing to the annual report OF the company
received by stockholders Wednesday; 49,
United Company. completed during 1923
a 5000 volt transmission line from It's
Oakdale plant to Kentland, distance
Of about As miles.
The liquidating value Of international
superpower Corpors alton stock February 8
was I4sss per share as compared With
s4oSs on Pee a. s1e sS aeoo Rct to
plementing annual report recently re-
leased. The major part OF the corpora
tons fund is invested in stocks Of do
nestle utility companies.
American states Public Service Com
pany reports the power load Of Its sub
sIdiary, Grimes Pass Power Company in
Idaho has been increased 40 per cent
as the result Of S new contracts with
industrial companies In that territory.
The Grimes Pass company operates
hydro-eIectric plant.
ST. LOUIS. Feb. FIFTY new. dealer
contracts have been completed BY the
ternational Aircraft Exposition here from
times that many applications and &C
cording to ". A. Mara, vice-president Of
the corporation, commitments OF approx
mateiy 5000 are Indicated in orders
received at the show.
NEW YORK, Feb. 27-Total operating
revenue OF the bus industry In the United
states in 1929 was ss22, o0o, 900. according
to survey. report Just published by Bus
Transportation Almost .rr Its DC 600 200 600
and Travelled 10, 1856 ,o0o. 900 passenger
miles. The operating revenue last year
compares with S29e, 600, 900 IN 1923; &
total Of 1864, 100000 in 1927 and S235,Ooo-
400 in 1925.
Earnings Of the Midland Steel Prod
nets Company for 1879 were S2,555,425
after all charges, including estimated
federal taxes, before dividends, accord
ing to the pamphlet report of the COM
pany mailed to stockholders. This COM
pares with $2,42s,77s after the same
charges In 1928. The increase in net
over the preceding year was In spite
Of a sharp decline in business in the
last quarter.
Loadings OF revenue freight for the
week ended on Feb 8, toteled o86. 58l
cars, the Car Service Division Of the
American Railway Association reports.
This was a decrease of 1898 cars be-
low the preceding week this year and a
reduction Of $1,000 cars under the same
week in 1929 as we'll as a reduction of
1e, s96 cars under the corresponding week
in 1923.
WAYNE Mich. Feb. 27.-Production of
planes by Stinson Aircraft Corporation
has been increased here 2l0 per cent dur
ing the past ten days and a further in
crease is expected, officials said Wednes-