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

The proposed merging Of the Pro-phy-
Tactic Brush Company OF MaSsacnusetts
proved bv a vote Of approximately 90 per
cent Of the outstanding stock, George n.
Burr, chairman of the Prolphy-lac-tic
the purpose OF carrying out the CONSOLE
dation all Of the assets OF the Msssa-
chusetts company have been transferred
Brush Company Of Delaware. WHICH is
100 per cent owned by The Lambert Com-
pany. AS a result Of the action OF stock
holders the Delaware company has now
taken over control Of the property.
For the twelfth consecutive year sub
stantiaI growth is reflected in the an
nuaI report Of the City Ice & Fuel Com
pany, which operates chain of 129
plants in twenty-three states and Cam
ada. Sales in 1929 were 1852, 429, an
increase of 1911 per cent over the pre-
vious year. Net profits after all charges
were S6O56,67S, an increase of 1.e19,-
S79. or 25 per cent over 1928 which
after payment of preferred dividends
leaves net profit available for common
stock of S4.69 per share compared
with SAL In the year previous.
CHICAGO, March s-North American
Car Corporation had the largest February
business in the history of the company,
E. r. Brigham, president, announced
Saturday. The average number OF cars
COMPARED with $50 in February Of 1929,
an increase Of 3,700 cars or over u per
cent The total for February, 1880. in
cludes approximately 600 foreign cars in
addition to those owned by the company
American Commercial Alcohol Corpora
ton and subsidiaries, second largest
producers Of alcohol in the country, re-
mort for the year ended Dec. 81 1929,
after all charges including provision for
federal income tax, consolidated net
earnings of s1,395,71s After dividends
on preferred stock since retired, bal
ance of 81, 252,O8S available for common
dividends was equivalent. on the aver
age of 261, 924 shares outstanding dur
ing the year, to S4.7S per share.
CHICAGO-Director Of Borg-Warner
CORPORATION declared the regular quarterly
divi6ends of ST per share on the common
stock and SITS per share on the pre-
ferred Both dividends are payable Aprll
I. 10 stockholders Of record March 10
Real SILK Hosiery Mills, Inc. today re-
ported that their sales for February are
running approximately 20 per cent ahead
OF those LOT FeDI I'D ASS0t UAlN .AioV NA4S
outlook for the rest of the year is salts
factory.
CHICAGO. March S.-More than SO
per cent Increase in the number of dis
tribution points for the Bendix-Cowd-
rev Brake Tester, Inc, subsidiary of
Beudix Aviation Corporation, are ex-
pected to be effected within the next
fortv-ffye DAYS. This was announced by
F. W. Parks, president of the company.
The plan for launching these new dis
tribntion outlets will be given aid by
other Bendix subsidiaries.
CHICAGO, March 3.-Eighteen planes
we're sold at retail ana seyenty-two sold
to dealers by Stnson Aircraft Corpora
ton. division of Cord Corporation. during
the International Aircraft Exhibition at
St. Louis, it was announced late SATURDAY
CHICAGO, March 3.-During February,
six locations of Scott Stores, Inc, sub
sidiary of Butler Brothers of Chicago,
have been opened. These bring the total
to forty-eight, with thirty additional
leases signed. The new stores are To-
Gated in Chicago. st. Paul, Blue Island,
III: Laurens, s. c.; Spencer, Ia, and
Eagle Grove, Ia.
Increased domestic consumption Of cleo
trical energy during 1929 was attended by
an average decrease in the cost per unit,
according to a statement issued by the
statistical research department Of the
National Electric Light Association.