The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-03-15

The Fisk Rubber Company and subsi-
si5 oSS OF afteq
OF s2250 600. but before interest and re-
se6yes After deducting int e es5 qS q ~
Trite-do~n IN of raw materials Commit
ments and finished inventories to market
as OF Dec. 81, 1929, total loss amounted
to S7,496,458
DETROIT. March 14.-Record sales
and earnings were achieved in 1929 by
the Mesta Machine Company. Net in
come was S1,79721 after all charges
including depreciation and federal taxes
as against S1,0514s3 in 1928, according
to II. F. Wahr, president of the COMPANY
The 1929 net Is equivalent to S2.S1
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
CHICAGO. March 1.-THE first annual
report Of the. Borg-Warner Corporation
and its subsidiaries, covering the year
equivalent to S6.03 share on the com
mon stock, current position Of better
than to one and cash and liquid securi-
of current liabilities at the end of the
year. Net income for the period amounted
to 1882, 500. which. after providing for
preferred stock dividends and the minority
stockholders interest, equals S6.03 a share
on the 1,230,595 shares Of common stock.
F. & 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 for deposit of the common stock
of the operating companies has been
extended from March l to April /, 1880.
Under the terms of the plan the stocks
of the operating companies are ex-
changeable On 4 share for share basis
for the stock of the operating company.
As of March 1, there had been de-
posted 99,327 shares of the common
stock of Isaac Silver and Brothers Com
pany, Inc. out of total of 100, 600, and
214,135 shares of stock of F. & w
Grand 5-1O-25 Stores, Inc, out Of a
total of $751; $50.
National Family stores for February
reports gross sales of 1925, 760 against
1922, 483 reported for February 1929. an
increase of $10327 or AGA per cent.
CHICAGO. March 14.-Request for ap-
prevail of an amendment to the certif-
cate OF incorporation of Container Cor
poration of America increasing the auth
oriZed capitalization of Glass common
stock from GOO, 900 to 100000 shares is
contained in proxies for the corporation
annual meeting on March 81, mailed to
stockholders.
Directors of the Unit Corporation of
America declared the regular quarterly
dividend of so cents a share on the
preference stock, payable April 1, to
stockholders of record March 90.
More than 100000 passengers were
carried in 1929 by the motor bus system
operating as The Greyhound Lines, it
was reported today by Q. n; Caesar presi-
dent of The Greyhound Corporation,
operator of the lines between New York
and Chicago and important minority
stockowner in five other companies in the
Greyhound group.
Operating revenue of the West Ohio
Gas Company for the year ended Dec.
81, 1929, was S747, 1860, compared with
S742 1885 in 1925 according to the
annual report of the company received
by stockholders today.
Net profits for the Dictaphone Cor.
poration we're $728. 345.69, an increase of
l9 per cent over 1928 net profits After
payment of regular dividends of 8 per
cent per annum on preferred stock, the
nq9 o 81 Gy fep o9 me gs
shares of common stock outstanding
Earnings per share on 1903, $50 shares of
common stock outstanding for the previous
year were s4.87.
With an average per man writing" Of
more than $40. the twenty Presi-
dent o. T. Hogan anniversary celebration
of the United Insurance Company. con-
Quoted from Feb. % to %. set a new
high mark in production. according to
Julius NJ. Crost, Indianapolis manager.
Comparative figures submitted by Crost,
show an Improvement in the local indus
" a WEEKS week 1T t6ta TOT Of $2368o for the 1929
high mark was beaten with the weeks
record of S264.2O. The 1890 average for a
staff of thirteen men was $20.32 as COM
pared with $19.78 per man last year.
New business increase for 1929 was
$l38.50. Increase for anniversary weeks
Figures received from the home office
of the company show total writings OF
81 ,037.83 for anniversary week this year
The increase for the week this year was
So ,519.63 as compared with an increase OF
81 1914 90 for the week year ago.