The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-04-15
Business and Finance

Despite the fact that automobile pro.
duction is currently showing a 80 per
ago. increased sales are exported by the
Thermoid Company. manufacturers OF
asbestos products. including brake lining,
according to, Robert F. Stokes, president
A heavier demand from the automotive
replacement market is the most impor-
tant factor in the company's improved
1890. showed an increase of 81 per cent
as compared with the preceding month,
and an increase of s per cent as COM
pared with March. 1929.
American States Public Service Com
pany reports net earnings available for
interest. reserves and surplus OF $50, 53S
for the twelve months ended Feb. 2s.
1890, against s747,S6O for the same pc
riOd last year. an increase of S93,373.
CLEVELAND. April IS. - Directors OF
Winton Engine COMPANY declared the
regular quarterly dividend of rs cents
a share on the common stock payable
June /, to stockholders Of record May 80
NEW YORK. April l5.-The Allegheny
Steel Company OF Pittsburgh. Pa, has
been awarded a contract to supply Allie
gheny metal, a recently developed stain
less and non-corrosive chrome nickel alloy
for use as plaster and mullion facing on
the Empire State building being erected
by former Governor Alfred E. Smith anC
Waldorf-Astoria hotel. Fabricated and
erected. the cost Of the facade metal on
the building will amount to about $500, 600.
DETROIT, April 15.-DecIaratiOn OF
an extra dividend of 1 per cent in stock
payable July 81. to stockholders Of
record, June 80, was declared by direc-
tors Of Michigan Steel Corporation to-
day. While IL was announced that
board Of directors had not definitely
committed themselves. it is expected
that quarterly stock dividends will be
paid at this rate IL business conditions
warrant.
Sales Of the Nehi Corporation, manu-
facturers Of c~arbonated beverages, for the
first quarter of 1880, amounted to $685.
104 as compared with $466,948 for the
Of 1873 per cent. according to a. report
Just issued by c. A. Hatcher, president.
CHICAGO, April 15.--Walter F. Tant,
president of the Silent Automatic Cor
p%oration Of Detroit, was elected preSi-
dent of the American Oil Burner Asso-
citation Thursday at the seventh annual
convention of the organization at the
Hotel Stevens
Trust certificates of Public Service Trust
Shares. series A, will be offered during
the coming week by C.. M. Cryan g. Co,
Inc, wholesale distributors, priced at the
market, about $13 per share.
Plans for WIDENING the scope and
intensifying the activities of the tin
Industrial applications committee were
decided upon at a recent meeting held
in London.
Under the new scheme, the committee
proposes TO undertake a certain amount
of experimental research abroad, aid
In the development of new processes and
industries consuming tin, and stimulate
possible markets. Expert advice will be
given free of charge to any firms or
persons desiring it. 1t has also been
decided to change the committees name
to the tin research and industrial appli-
cations committee.
The directors of the Power City bank
and of the Bank of LaSalle, both in
Niagara Falls, New York, have approved
q merger to become effective upon ap-
prevail by stockholders of the two banks
at meetings on April 81. Both inStitu-
tions are members of the Marine Mid