The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1930-02-14
Business
and
Finance

The annual report Of the Link-Belt COM
pany, made public BY Charles Piez chair
man Of the board. reveals the company eX-
psrienced It's most profitable year IN 1879
Notwithstanding some recession IN ouSl-
the stock market crash. Net income for
the year ending Dec. 81 after al charGes
was $3.4s4,6s6. against $S,24l,s2S for the
year 1928.
Sales Tor the year we're s26, 51s,SSs. an
increase of S3.2Sl 1870, or l4.ll per ceny
over the 1923 total.
Pamphlet report of Gillette Safety
Razor Company for the year ended Dec
81, 1929. shows net earnings, after ample
reserves for taxes, depreciation and all
proper charges Tor operation. of $751;
5S1 .6sS, equivalent to S6.47 a share on
100000 shares outstanding during eleven
months of the year. On Dec. ?, the
company paid per cent stock diFi-
dend. Subsidiary companies not in
cluded earned SS07,45t In 1929.
Ludwig Bauman & Co. furniture chain
store. reports sales OF s553,96s for January.
1880 against S49l .266 in January, 1929.
For the period from July l., 1929, TO Jan.
S6.84O Ol6 reported for thS corresponding
period last year.
An issue Of $4,000 600 state Of West vir-
kAula per CENT anu ~ pNA NtllN ubtt0c
is being offered today by the First Ma
tional Bank, New York. Halsey. Stuart &
Co.. Bancamerica- Blair Corporation. r.
". PTessprich q Co.. Geo. ,. GibbisQn &
& Eutzler and Northern Trust Company
The issues consist of S4.95o.Ooo Az per
cent bonds maturing Jan. /. 1888. to 1852
inclusive. which are being offered at prices
to yield AS per cent and SlO50 900 4
per cent bonds maturing Jan. l. 1852 TO
1855 inclusive, khich are being offered at
prices to yield 4.20 per cent.
Net earnings Of the Richman Brothers
Company, Cleveland manufacturers and
retailers of mems clothes. in 1929, were
Si,20S.OS5 after all charges, including
federal taxes, and before dividends. as
against S3,571,1 In the preceding year.
This Is equivalent to 1907 share on
the 594.76 shares of common stock
outstanding Dec. 81, 1929. 1t compares
with Sc share earned on the basis of
the same number of shares in 1928.
Greyhound Corporation reported gross
passenger r., revenue Tor the company lines
against 1926, 643 for the same month last
year. an increase Of $Sl.874 or more than
rs per cent. Greyhound Corporation oper-
ateS the largest system of motor transport
tation lines IN the country.
Annual report of the Aldred Investment
Trust for 1929 shows net profit of $685.
761 after provision for federal income
CAKES compared with net profits OF tl45,-
936 for the thirteen months period ended
Dec. 81, 1928.
Report of Commercial Credit Company
and subsidiaries for the year ended Dec.
81. 1929. shows net operating income of
S6.254,142, after provision for bonuses,
federal taxes and reserves. This is
equivalent, after deducting small minor
ity interest and all preferred dividends,
to S4.48 share on 1903, 6S4 average no
par common shares outstanding during
the year, and S4.S3 share on 1887. 052
shares outstanding at the end OF the
year.
DETROIT, Feb. IA selling group.
headed by the Fidelity Trust Company Of
securities OF the Yosemite Holding Corpo-
ration in line with expansion plans OF that
organization.
Wheeler Schebler Carburetor Com
pany reports receipts of orders for trac-
tor carburet0rs tOtaling S150000 in the
last thirty days. Indiana Rolling Mill
Company, at Newcastle, had the largest
months business in its history in Jan
uary and reports an increase of 80 per
cent In its working force.
CHICAGO. Feb. 14.--Container Corpora
ton Of America reports that orders booked
during January. for which actual speci-
of %, 300 tons. This represented an in
crease OF approximately 1000 tons over
bookings and actual specifications for De-
cembeF and at the same time was slightly
excess TONNAGE.