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$2,500,000 DEAL TO END BUS WAR Publication: Automotive Daily News Dateline: Indianapolis, Indiana
Date: 27 August 1925 Subject: Buses Topic: Red Ball |
Indianapolis, Ind., Aug. 26.—What is regarded as a move to end the bus war in Indiana and promote harmony between interests is seen here with the announcement yesterday that control of the Red Ball Bus Terminal Company of Indianapolis and the W. B. Hiner's Red Ball Bus Lines, operating ten motor bus lines throughout the state, had been sold to a syndicate operating the Hoosier Stage Lines, of which Fred Jones is president.
The amount involved in the transaction is placed at $2,500,000, Hiner releasing 80 per cent of his stock and announcing his retirement from the bus field. He retains control, however, of the Red Ball Transit Company, which operates motor trucks throughout Indiana.
There will be no changes in the official personnel, with the exception of the fact that Jones will become president, succeeding Hiner, and the new bus terminal will be known hereafter as the Union Motor Stage Terminal.