Western news and the Libby times. [volume] (Libby, Mont.) 1920-1933, 1929-05-30

] AOoAitiHhNQ lIOll axe L
board cars at Libby. The newly organ
lzed kobald company, which includes
one. OF the largest wallpaper COM
| panles doing business on the coast, in
formed the Zonolite company that
with the signing of the contract they
have orders for the remodeling of the
interiors of the string of theaters
owned and controlled by the West
Coast lheater company, which is the
largest concern of its kind in the
united States, owning more than 100
theaterseln the citiSs on the coast and
throughout the northwest 1t is esti-
mated that each theater will call for
several carloads of Zonolite. The inso-
! latlng qualities have been tested by
every known method and is declared
to have more fire-resisting qualities
than any other known material Added
to this qualification, Zonolite, under
every known test, has shown even
greater virtue for use in moving
picture studios and theaters. Acoustics
are second in Importance to fire pro-
lection, and rigid tests have shown
that the acoustical advantages of Zon-
ollte cannot be approached by any
other material now in existence. 1t
was this feature that caused the Cal
ltornia theatrical concern to decide to
have all their theaters finished inside
with Zonolite. All of the talking
movie studios are now using Zonolite
for interior finish. 1t deadens the
sound as well and will undoubtedly
be used exclusively in theaters, audi
forums, radio stations and churches
throughout the United States.
Other New Uses.
The Zonolite company is now about
to sign another contract that will
prove heavy outlet for the product.
One of the largest battery manufac-
turers in the United States, located at
Madison, Wis, has by considerable ex-
pertinent found that besides using
Zonolite in batteries, it excels any
other material in the insulating of ex-
haust mufflers on automobiles, and the
product is to be used for this purpose.
This concern is now manufacturing
over 100000 insulating jackets for this
purpose under contract with the Stu
debaker and other large automobile
concerns. The mininftAm contract
asked for by this concern 81 100000
pounds per annum. Under these two
contracts the local company is guar
anteed at least II carloads of Zonolite
week, which would insure net
profit of better than 100000 per an
mum on this basis of production, fig
ured at the lowest price named in the
contracts for the treated product or an
earning of over 60 per cent per an
mum on the companys capitalization
of S350,000.
Turn Down Big Offer.
The Zonolite company early in the
year had to reorganize to accept an
offer which meant the investment of
81 100000 or more, but also included
the relinquishing of control of the
company. The plan was to turn over
control to an established eastern
manufacturing concern on a basis
of the~ stockholders receiving par for
their stock and certain stock in the
new company. Recent developments,
however, caused the present officials
to conclude that it is best for them
selves and the stockholders to leave
the capital stock where. it is rather
than placing it at $l,250,000 or 3d.
100000. A great majority of this
stock is held in this section of Mon
tana, and practically all Of it is held
within the state. The contracts entered
into with these two firms alone carry
sufficient amount of business to as
sure the officials that from now on
Zonolite will be in position to pay
handsome annual dividends. The COM
pany has, however, been turning out
sufficient Ionolite to carr the cost
Of operations and betterments recent
ly made in the plant for months
prior to the closing of these big con-
tracts. With fixed minimum demand
for more than two carloads per day,
the decision to retain the old capital
ization and keep control in the hands
of those who have shaped the policy
If the company during it's trying times
appears to be one Of wisdom and one
that will result favorably to the pres.
emit stockholders.
Build an Aerial Tram
Immediate steps Will be taken for
the building of an aerial tramway
from the mine to point on the Great
Northern railroad where it runs on
the east side Of the Kootenai river, ac-
cording to President 8. l.. Emmons Of
this city. The product from the mine
will be transported from the mine to
the railroad by this tram and there.
dumped into cars and carried to the
plant, distance Of about two miles,
for treatment. The tram will have
defamation Of about 1900 feet and
carrying capacity of 500 tons every
"a hours. The cost of the tram is
placed at approximately $4,000. Mr..
Emmons said that the plan for the
building of this tram has been worked
out where the major portion offthe
cost will be taken OH tonnage Basis
as the Zonolite is moved over the
tram, Thurs spreading the cost over
period that will enable small por-
ton Of the tonnage to pay for large
part Of. the building expense. In the