Business & Finance: Deals: Sep. 30, 1929

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In Akron, The Portage.

In Rochester, The Seneca.

In Syracuse, The Onondaga.

In Manhattan, The Roosevelt.

In Newark, The Robert Treat.

In Harrisburg, The Penn-Harris.

In Montreal, The Mount Royal.

These and other hotels in Hamilton, Ont., Erie, Toronto and Niagara Falls, which together can supply 10,351 people each with a room to sleep in, were linked financially by Dillon, Read & Co. into United International Hotels, Inc. Last year's combined receipts from sleepers and eaters in these hotels was $28,000,000.

Radios by G.M. The vast preferred stock dividends of General Motors Corp. have, for many a moon, been paid by profits from an iceless refrigerator-Frigidaire. Last week there was talk that radio-making might someday swell the profits of , this world's-biggest-money-making corporation. For, last week, General Motors discussed with Radio Corp. plans for using some of its available manufacturing equipment to turn out sets under R. C. A. patents. Also, last week, General Motors picked up a small ($13,000,000) electrical-equipment concern, Northeast Electrical Co. of Rochester. Already, indeed, General Motors makes radios. All new Cadillacs have aerials in their bodies and, for $150 extra, Cadillac dealers will install a receiving set built by Delco-Remy, which is a G. M. subsidiary.

Brown Derby Bricks. A house built of bricks without mortar would fall down unless all the bricks had grooves grooving into each other. Of a patented grooved brick and a $100,000,000 concern to market it there was much talk in London last week, the talk emanating from William F. Kenny, who made a fortune out of contracting, is director of Chrysler Corp., became famed last year as Brown Derby's Best Friend. Grooved bricks, said Tycoon Kenny, will reduce building costs by 20% besides successfully resisting Wind & Storm.

Marble. Limestone, subjected to terrific natural heat and pressure, becomes marble. Marble, cut and polished, is used for monuments, building ornamentation, interior decorations and furnishing Greatest of the latter uses in the U. S. is soda-fountain construction. Leading consumers of marble for this purpose are I. Fischman & Sons of Philadelphia. Through the Consolidated Marble Corp., new subsidiary, I. Fischman & Sons last week made an exclusive contract with the Societie-de-Merbles-Sprimont of Brussels, largest marble producers in the world. Using marble for other purposes also, I. Fischman & Sons now dominate the U. S. marble field.

Pool. Merger-shouters predicting a combination of Johns-Manville Corp., Insulite Co. and U. S. Gypsum Co. were wrong last week. Instead, both Johns-Manville Corp. and U. S. Gypsum Co. entered into marketing and distributing pools with Insulite Co., remained competitors of each other. The Manville-Insulite agreement is that Johns-Manville Corp. will use and market Insulite's rigid wall board, insulated against heat (used for partitions, kennels, stage props, mirror backs, outhouses) west of the Alleghanies. The Gypsum-Insulite agreement is to merge their distributing resources in all parts of the world since gypsum, like Insulite's products, is used in building. Mined, gypsum is used for moulding plaster, plasterboard, floor tile, sound insulation for talking cinema studios.