The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-11

/ pei NCAASs
The Chase National bank has con-
Guided negotiations with the government
OF the Republic Of Cuba for the purchase
of 900 Of its Public Works 512 per
cent gold bonds. maturing June 30. la45.
public issue viii be made shortly by
a group headed by Chase Securities Cor
porstion, Bancamerica- Blair Corporation,
the Equitable Corporation Of New York
and Continental Illinois Company, In
ccrporated.
Canada imports 4.OO0,00O tons of an
thraclte coal yearly, about 100000 tons
OF which are purchased from the Scran-
ton wilkes Barre HazeIton district of
Pennsylvania, according to the state
nent Of Cyril 7. Young. superintendent
OF development, Canadian National Rail-
ways, = recent visitor here.
Jantzen Knitting Mills has purchased a
tract Of six and one-hah acres Of land
in London. England. upon which it will
establish a new factory for the purpose
of supplying the European markets with
assistant secretary Of the company. an
nounced Monday. John r.. Dodson, vice
president. will SAIL Tor England IN March
to supervise construction OF the new fac
tory, which will have an area of ~ 500
square feet of floor space. Production is
expected to be under way by the close of
Hyeries of its products for the 1881 sea-
son.
Railway and Light Securities Company,
reports a record year for the twelve
month"; ending Dec. 81, 1929, with gross
income OF S2,i6s,7I6, of which amount
gs,392.O-9 represents profit from sale
Of securities after Federal Tax. This
compares with gross income for the
twelve months ending Dec. 81, 1928, of
s773,9Os Of which s25S,4S2 represents
profit from sale of securities after Fed
eral tax.
Dominion Stores, Ltd. the largest grocery
ended Dec. 81, 1929. sales Of $24, 64l, 1913,
an increase of SOS per cent over the 1923
sales Of s2s.257.507 although the number
Of stores in operation was reduced during
the year from Sal to SIT.
Public offering OF i2,9Oo,O0o the Euro
pean Electric Corporation. Ltd, thirty-fye-
year 6la per cent gold debentures. series
due 1865. with common stock option war
rants. are offered at 100 and accrued in
group group e. comprising Bonbright l. Co, Inc,
Field Glore Sc Co. and Bancs Commercials
Italisna Trust Company.
DETROIT. Feb. Introduction OF Stin-
preaching capacity with schedule of
500 airDlaneS during the first four months
Of 1880, William A. Mara. vice-preSident,
announced here Monday. Ten, planes a
week are being produced at the Wayne
tAfichiRanl plant where $50 workmen now
are employed.
4ReiiabIe Stores Corporation and Gubsi-
diaries report net sales for the year
ended Dec. 81, 1929, of sI4,217.2SS as
compared with S11,187,970 for 1928. an
increase of over ~ per cent. Net in
como for interest and taxes for 1929
amounted TO 81 .646,SS6 against Si,21S,66S
In the preceding year, an increase of
over IS Der cent.
Household Finance Corporation for the
twelve months ended Dec. 81. 1929, showed
net Income after all charges OF IS, so, 4lS
against S2309. 405 for 1923. according to
| the annual report made public by L. @.
f'i Em ni9Ry Of more capital in the bus-
ness and acquisition by purchase of forty
small loan offices during the year &C
count for the increase. HARRISON said.
CHICAGO, Feb. 1I.--Zenith Radio Cor
poration today reported that net profits
for the three months ended Jan. 81, 1885,
after all charges except federal taxes
we're s52,662 For the nine months ended
the same day, profits we're $130,256.
Directors Of the American Maize
Products Company declared regular
quarterly dividend Of SO cents share on
the common stock and ia per cent on
the preferred stock. payable March 81. to