November 3, 1928
P R E S T 0-T I M E S
14
Zenith distributors of Syracuse, N. Y., here in Chi-
cago for the Automotive Equipment Association Con-
vention at the Hotel Stevens, was one of several Zen-
ith distributors who spent several days at the Zenith
Capital Stock of Zenith Radio Corporation factory. Other distributors who visited the plant J. E. Gill Elected President of Oregon Radio
Corporation Raised from 150,000 to 500,000
were P. H. Lyon, vice-president Chanslor & Lyon
Trades Association and Other Officers
Company of San Francisco, Los Angeles, Seattle,
Shares of Common Stock.
Chosen by This Old Organization
Portland and Oakland; Dave Goldman, president
E. F. McDonald, J.r, president of the Zenith Radio North American Radio Corporation, New York; T. O.
in Northwest.
Corporation, announces that at a special meeting of
Quanrud of Quanrud, Brink & Reibold, Inc., Bis-
H. P. Harrison, manager of the radio and phono-
the stockholders of the corporation held on Monday, marck, X. D.; C. A. Clark of Repass Automobile
October 19, it was unanimously voted to increase the Company, Waterloo, Iowa; M. J. Murphy of W. M. graph department of the J. K. Gill Company of Port-
capital stock of the corporation from 150,000 to 500,- Dutton & Sons Co., Inc., Hastings, Neb.; C. M. Wie- land, Ore., was elected president of the Oregon Radio
Trades association at the annual meeting of the asso-
000 shares common stock of no par value.
dermer of Joseph Strauss Company, Buffalo.
ciation October 12, succeeding J. W. Condon, Jr., of
Paul B. Klugh, vice-president and general manager,
the Condon Company.
presented a report of the present condition of the
H. A. Killam, of Killam, Inc., and M. E. Harris of
corporation, stating that it had earned $1,100,000 net
Radio Headquarters, were re-elected treasurer and
during the first six months of the present fiscal year
after charge-offs, depreciation and reserves, but before
Denver, Colo., was selected for holding the fourth secretary, respectively. H. W. Brown of Electric
federal taxes, which is at the rate of $11 per share national school band contest on May 23,-25, 1929, it Corporatipn was elected vice-president.
on the present outstanding stock for the first six was announced last week by C. M. Tremaine, secre-
The Oregon Radio Trades Association was organ-
months and comparing with $727,000 for the last en- tary of the committee on instrumental affairs of the ized in early radio days. The membership embraces
tire fiscal year or $7.27 per share. He added that Music Supervisors' National Conference, after a meet- all of the various branches of the industry, jobbers,
the next six months should show equal or better net ing of the committee in the offices of the National manufacturers and retailers. They have taken an
profits because the plant is working to capacity and Bureau for the Advancement of Music. The selection active part in movements to better radio reception
that the non-cancellable unfilled orders on hand are was in response to urgent invitations from many civic conditions in the Portland district.
sufficient to carry the corporation's program through organizations in Denver. Other cities in many dif-
The association aided in the drafting of an ordi-
to the end of the radio year.
ferent sections of the country made spirited efforts to nance to eliminate the use of electrical machinery dur-
Although the corporation has gone through the obtain the meeting. It is estimated that about 25,000 ing radio reception hours which interfered with broad-
largest year in its history, it has been unnecessary youthful musicians took part in the preliminary state cast programs. When "wild oat" and "gyp" dealers
to borrow any money from banks or other sources contests this year. The school band movement is made an attempt to get a foothold in Portland the
and the accumulation of cash in excess of the require- having uninterrupted growth and it is confidently ex- local organization is credited with coming to the front
ments of the corporation seem to make advisable the pected that the Denver meeting will be the largest in exposing them. As a result Portland radio fans
have been saved many sad experiences reported from
proposed recapitalization, which he strongly recom- so far held.
Eastern cities. Portland is said to be one of the
mended.
few large cities in the United States where the "gyp"
A meeting of the directors of the corporation was
The W. W. Kimball Co., 306 South Wabash ave- radio dealer was forced to move on. The association
held Wednesday, October 31, for the purpose of tak-
nue, Chicago, announces the Atwater Kent radio, expects a year of renewed activity under the guidance
ing action on this increased capitalization.
At a former meeting of the directors held on Octo- RCA radiola and Majestic radio, in artistic cabinets of Harrison, according to Secretary Harris.
ber 17, it was voted that no action should be taken with built-in speaker.
upon the pending applications for licenses by other
FIDDLER OF PIONEER DAYS DIES.
radio manufacturers for use of the Zenith Automatic
Henry Matthews, old-time fiddler and winner of
Tuning device until after January 1, 1929.
three state fiddlers' contests last August, died at Ben-
Jay E. Shaw, secretary of the Olmsted Company,
ton Harbor, Mich., and he was buried on Sunday of
this week at Wayne, Mich., his former home. Mr.
Matthews had attracted the attention of Henry Ford,
is avoided by the manufac-
who had a fondness for the music produced by pio-
turer who uses the
neer fiddlers.
RADIO IN PORTLAND, ORE.
ZENITH STOCK INCREASE
DENVER FOR BAND CONTEST
Worry Over Player Details
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