Heinl radio business letter (July-Dec 1930)

Record Details:

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The Radio Commission filed in the Court of Appeals of the District of Columbia a statement of facts in the appeal of WRAW , Reading, Pa. , which was denied permission to change its frequency from 1310 to 620 kilocycles, to increase its power from 100 to 500 watts, and to operate full time instead of dividing time with WGAL, of Lancaster, Pa. , as at present. The RCA Radiotron Company, Inc. , has just released a sound motion picture, "The Earth’s Four Corners", which will be shown throughout the country to portray the distant and various sources of material used in the manufacture of RCA radiotrons. John S. Young, NBC announcer, explains the foreign scenes in the picture. Marconi’s Wireless Telegraph Company, Ltd., of London, England, have declared the following dividends: On the Ordinary shares 15$, less tax; On the Preference shares 5$, less tax; These dividends are for the year 1929 and are payable on July 14th to stockholders of record July 14th and to holders of share warrants to bearer. A net income of $81,671,847 is reported by the American Telephone and Telegraph Company for the first six months of 1930, after all taxes and charges equal to $5.71 a share earned on 14,309,035 average number of shares outstanding during the period, compared with $80,102,038, or $6.15 a share, earned on 13,028,807 average number of shares outstanding during the first half of 1929, While there was a gain of $1,569,809 in net income, there was a 44 cent decline in earnings a share, due to an increase of 1,280,228 in the number of shares outstanding, largely through the conversion of bonds into stock this year. Dr. C. B. Jolliffe, Chief Engineer of the Radio Commis¬ sion, and Gerald C. Gross, short wave expert, will attend sessions of the International Technical Radio Advisory Committee in New York Monday and Tuesday. Production of the General Motors Radio Corporation has been running steadily at 750 sets a day, R. J. Ernmert, President, has announced. He said that the present rate of production would be continued during July and August, with a stej>-up probable in September or the last two weeks in August.