The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-03-14

The Fisk Rubber Company and subsi-
diaries report for 1929 consolidated oper-
ating 'oss Of s2.5i5.21s. after depreciation
OF 2.25o 900. but before interest ana re-
serves. After deducting interest. Of ST.
write-down Of raw materials, commit
ments, and finished inventories to market
as Of Dec 81, 1929. total loss amounted
TO S7,496 455.
DETROIT. March 14.-Record sales
and earnings were achieved in 1929 by
the Mesta Machine Company. Net in
come was S1,797.2t1 after all charges
including depreciation and federal taxes
as against 81 .051,473 in 1928, according
to Fl. F. Wahr, president of the company.
The 1929 net is equivalent to S2.S1 a
share on 100000 shares of common
stock outstanding after deducting pre-
ferred dividends paid and compares
With S1.56 share earned on the pres
ent capitalization in the preceding year.
report of the Borg Warner Corporation
ended Dec. 81. 1929, SHOWS net income
equivalent TO $500 a share on the COM
mon stock. current position of better
than to one and cash and liquid securi-
ties amounting to almost twice the total
y
year. Net income for the period amounted
to 1852, $50, which, after providing for
preferred stock dividends and the minority
stockholders interest, equals 5000 share
on the 1880 sos shares of common stock.
r. b W. Grand-Silver Stores, Inc,
which was organized for the purpose
of merging the Grand and Silver chain
store systems, announced that the time
limit fNF nf he
of the operating companies has been
extended from March ! to April I, 1890.
Under the terms of the plan the stocks
of the operating companies are ex-
changeabIe on a share for share basis
for the stock of the operating company.
AS of March I, there had been de-
posted 99.S27 shares of the common
stock Of Isaac Silver and Brothers Com
pany, Inc. out of total Of 100000, and
274,135 shares of stock of F. g. W
Grand 5-1O-25 Stores, Inc, ont of a
total of 2S1 $3.50.
National Family Stores for February
$500, 1873 reported for February 1929, an
increase of $l03,277 or 46.4 per cent.
CHICAGO. March 14.--Request for sp-
prevail OF an amendment 10 Ile CerCln-
cate of incorporation of Contsiner Cor
poration of America increasing the auth
orized capitalization OF Glass common
stock from 500, 900 to 100000 shares is
contained in proxies for the corporations
annual meeting on March u, mailed to
stockholders.
Directors Of the Unit Corporation of
America declared the regular quarterly
dividend Of 50 cents a share on the
stockholders of record March 20.
More than 100000 passengers were
carried in 1929 by the motor bus system
operating as The Greyhound Lines 1t
dent of The Greyhound Corporation,
operator of the lines between New York
and Chicago and important minority
Greyhound group.
Operating revenue of the West Ohio
Gas Company for the year ended Dec.
81, 1929, was $747, 796 60, compared with
S732 ,O53.35 in 1928, according to the
annual report of the company received
by stockholders today.
Net profits for the Dictaphone Cor
poration were $728 1860. an increase Of
10 per cent over 1928 net profits After
payment of regular dividends of 8 per
balance of 1921, 055.69 represented earn
ings of $5.46 per share on the 114,86l
shares of common stock outstanding.
Earnings per share on 1O37a0 shares of
common stock outstanding for the previous
year were s487.
With an average per man writing of
more than $50, the twenty seventh Presi-
dent O. T. Hogan anniversary celebration
Of the United Insurance COMPANY. con
high mark in production, according to
Comparative figures submitted by Crost,
show an Improvement in the local indus
weeks total Of s236.s0 for the 1929
high mark was beaten With the weeks
staff of thirteen men was S2032 as COM
pared with Sl9.78 per man last year.
New business increase for 1929 was
s133.50. Increase for anniversary weeks
FIJI Fieures received from the home office
Of the company show total tall, wT tti9 OF
rs compared with 2,85785 year ago.
The increase for the week this year was