The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-11-25
THE INDIANAPOLIS TIMES
Business
and
Finance

The Reliance Manufacturing Company
OF Masstllon. o.. makers OF spring WASH
ers. declared quarterly dividend OF 81
stock. payable Jan. l, 1880, to stockhold-
ers Of record, Dec. 18th, thus putting the
first quarterly dividend this year was on
a $3.50 annual basis, while the second
and third quarterly payments were on
So annual basis.
Borg Warner Corporation today re-
ported net earnings for I'll the ten months
endsd oct; q, Of $es26,l2i ., after al. all
ferned divid H are ss.Ssi so9. This is
equal to S5;SS per share and shows
earnings of the merged companies, in IN
figures are not entirely available.
Directors of Raybestos- Manhattan. Inc.
which was organized early last summer
as a merger of the RaybestoS Company,
the Manhattan Rubber Manufacturing
Mompany. have declared an initial guar
terly dividend of 65 cents share. making
the regular annual rate OF $3.50 a share.
The. dividend is payable Dec. 10, 10 Stock
holders of record Dec. 2.
DETROIT, Nov. 25-Bus service over
the new Ambassador bridge win be
fo rf'e oar 1FfT pas sens between De-
trOit and Windsor.
AUBURN, Ind, Nov. 25.-Total volume
Of sales OF Au asl Automobile Company
1925 Shows an Hi inerease Ct s6 per cent
over the same period last year, E. l..
Cord. president, announced today; This
is exclusive Of subsidiary companies.
Net income of Walker a Co... De-
troit outdoor advertising firm, for the
SIX months period from april ~ the , date
amounted to $i4s,iSe Before ~ federal
taxes, according to a report made pub
Ii through sh aagate9 GU
same period in 1928, and is equivalent
to s4.S2 per share on the 10000 shares
Of Class stock outstanding as Of Sept.
same period in 1928. Earnings on the
2G9.S9O shares of Class outstanding
were equivalent to S1.57 per share; Sales
during the past six months were S2,026,-
1928, compared with 81, 902,577 a year ago.
WINDSOR, Ontario, Nov. 25.-Manufac-
turing of the Dodge Motor Car in Canada
next month, John S. Mansfield. president
of the Chrysler Corporation OF Canada
announced.
Pines Winterfront Company today an
nounced that a new detachable model Of
automatic radiator shutter for motor
trucks is now in production. The new
model was DEVELOPED in response to a
president, said. Deliveries have been
made to several operators Of large truck
fleets.
Appropriation of $4,000, 900 for CO.
operative advertising during 1880 has
5Hst been ap Pr Co By The beard Of
pOration, makers of Kennedy electric
radios, according to Colin b. Kennedy,
president. Newspapers will receive
$1,000 600, and the balance will be in
outdoor signs.
Net income of approximately $219, 900
airport at Kansas City, a subsidiary OF
Woods Brothers Corporation and one of
the principal air terminals in the United
states, is reported by Guy E. Stanley,
president.
An increase of Is per cent in the
regular dividend rate of the Col
gate Palmolive-Peet company was
announced today by Charles S.
Pearce, president of the company. A
quarterly dividend of 621a cents a
share, or an annual rate of $3.50 a
share on the common stock, will be
paid on January to stockholders
OF record Dec. Is, according to the
company announcement The for
mer rate was So annually.
Loadings of revenue freight for the week
ended Nov. totaled 1,049,475 cars the
car service division of the American Rail
way Association reports
Due to the usual seasonal decline in
freight traffic. this was a reduction of
22,175 cars under the preceding week this
year.
Total for the week ended Nov. was a
reduction of 4.878 cars under the same
week last year, but an increase of 74,34I
cars above the same week in 1927.