The Indianapolis times., 1930-01-10

BIZ United Press
WASHINGTON, Jan. 10. - The
Chesapeake and Ohio railroad OBJ
tained authority from the interstate
commerce commission today to issue
$35 ,088,000 of Az per cent mortgage
bonds. Proceeds will be used to re-
tire maturing bonds and reimburse
the roads treasury for past expen-
ditureS.
The SchiR Company reports total sales
Tor December OF 81 ,297,456 compared with
S 7qF d 3 Der ss9 een an saes o
the s,' Year totaied s5ss % against 1 S. .s64.
922 in 1928, gain of So, ,832; ;664 or IT'S
had mo in operation MS i5s stores ' against eighty
six in 1928.
NJ. H, F1shman Company; Inc, re
sfii'2Os, Sc compaFed IN, with ss$2, ss1 IL
December. 1928, an increase of $I91,-
47s or 1886 per cent. Sales for the
O7s compared with s913,O05 q year ago,
gain of $l,14S,073 or 1858 per cent.
National sh1irt Shirt Shops. Inc. reports grnoasSs
against s76s. 108 for December last year,
an increase OF Ill per cent; For the full
year. 1929. sales totaled s4.469.4 .4ss against
s3.7s6.So3 in 1928. an increase OF Az
per cent.
Directors Of johnson Motor Company
have authorized the offering at $25
SndEs anssued d Common snSsto stock x to
of record on Jan. IA. 1890 in the ratio
Of one new share for each five outstand-
and and payment in full viii be required on
or before that date
PITTSBURGH, Pa, Jan. 1O..ErectioD
and $5O,O0O.OOO and the purchase of a
1,0OO-acre tract of land on Lake Michi-.
gan gan. east Of G9Ty Ind by the NsdonaI S1
Ernest T. Weir, chairman of the board
Of directors,
The market appraisal Of 10 lei Leading
sa 70 s2s 4 AZ sS4 900 on Dec. 81 80 says
gazSr 5aq7aS resssed 9fss To-Day S in an s@60
drop in the seven motors included in the
group contributed 96 per cent of the total
SELF Selling at s2o74, 1874 ooo less than at the
end of last August. were $5l7; l45,O00
higher at the end Of the year than Tcea at
teen groups was higher at the end OF
1929 than at the end Of 1927.
CHICAGO, Jan. 1O.-.Auburn Auto
mobile Company established new
production record of nearly 25,oOO cars cars
an an increase mere SEQ Of almost loo per cent, E. L.
Cord, president, announced yesterday.
Plans are being laid for even greater
production in 1880. Cord said.
CHICAGO Jan. 1o;MNatqral gas sales
Of Missouri.Kansas Pipe Line Company
32G00ooSd TPc WR the 6eet dnb in DEF Of
November, it was announced today by
Frank P. Parish, president, Demg4ember
deliveries TO clients 3bose IN TO be 4 mel
vious month were 405 900, 900 cubic feet.
The gain in December gas sales was nearly
6 per cent.
The twentieth semi-annual div
idend on the preferred stock of the
West Baking Company has been de-
clared by the directors Of the COM
pany, payable to all stockholders
of record as of the close of buSi-
ness, Dec. 81, 1929.
The directors also declared a
cash dividend of Is per cent on the
common stock, payable to all stock
holders of record as of the close OF
business, Dec. 81, 1929.
It Is to be expected that indus
trial production for a not incon-
siderable period will be reduced
while purchasing power is strength
ened by the savings that come with
more prudent methods Of living.
This statement summarized the
outlook for American business, ac-
cording to the current business re-
view of Evans Woollen, president OF
the Fletcher Savings and Trust
Company, issued here today as part
of the regular statement Of condi-
tions of the Fletcher Trust banks.
Aviation parts purveyors are receiving
inquiries from the Stinson Aircraft Corpo-
ration, recently purchased by Cord. on
equipment and accessories for a new
model airplane to be built on quantity
production basis. Details of the inquiries
are not obtainable but it is learned that
proposed contracts for motors. starters,
carburetors and similar equipment indicate
the largest individual productioa ever at
tempted by an American airplane manu-
facturer.
Produce Markets