Business: Business Notes, Apr. 19, 1926

Gasoline Tax. Last year four states (Illinois, Massachusetts, New Jersey, New York) assessed no taxes on gasoline. The 44 other states collected $146,028,940 (83% more than in 1924, 450% more than in 1923), averaging 2.26¢ a gallon, $9.22 a car, according to a Department of Agriculture report last week.

Ford's Year. By the Ford Motor Co.'s report for 1925, published last week, assets were $742,913,568; surplus, $622,366,893; motorized units produced, 2,103,578 cars. Henry Ford, Mrs. Ford and son Edsel B. own practically all the 172,645 shares. Estimates of their profits range from $547 to $666 a share, $45 to $55 a car.

Gillette v. Rothschilds.

A few weeks ago in Germany King C. Gillette (U. S. safety razors and blades) paid double price for stock of two German blade-makers whose sales have cut enormously into his foreign markets. He thought he had control. Last week up spoke the Rothschilds, bankers. They had financed these manufacturers and still own 53% of the stock. The next stockholders' meeting will decide the conflict.

Quotes of the Day »

Get & Share
MANOJ, a police officer stationed in Mumbai, on why he and other police don't criticize their leaders for failing to meet promises to improve dire working conditions after last fall's deadly attacks on the Taj hotel
For use in rail of Articles page or Section Fronts pages. Duplicate and change name as necesssary to distinguish.

Time.com on Digg

POWERED BY digg

Quotes of the Day »

Get & Share
MANOJ, a police officer stationed in Mumbai, on why he and other police don't criticize their leaders for failing to meet promises to improve dire working conditions after last fall's deadly attacks on the Taj hotel

Stay Connected with TIME.com