Indianapolis Times, Volume 35, Number 249, Indianapolis, Marion County, 26 February 1923 — Page 9

MONDAY, FEB. 26. 1923

ELECTRIC LIGHT } f AND POWER \ / , j SERVICE j Merchants t Heat & Light Company } C. G’B. Murphy, General Manager | J The Daylight Corner

PLUMBING INSTALLED ON “The Buschmann Payment Plan” BY ANY RESPONSIBLE PLUMBER I'OK INFORMATION SK.K August Buschmann & Sons, Inc. MAin 0973 11th and College Ave.

_— r '—We Specialize on the Very •••/“-. Best Obtainable - : —COAL— Nlnst Modernly Equipped Coal Yard in Indiana CITY ICE AND COAL COMPANY 720 K. WASHINGTON ST. 1225 ROOSEVELT AVE.

Purchasers of WASTE PAPER NATIONAL PAPER STOCK. CO. Cl rcle 4000-4001 S2O-330 W. Mlchgian St.

Jok C. McCloskey Property bnasrU, sold, leased and managed Reliable atiM antlioritative Appraisals nixie Valuation' made for Federal Estate Tax and Indiana Inheritance Tax 407-9 Indiana Trnst Building. Indianapolis Phone, Main 7030

Indiana Billiard Company, Inc. Complete Line of Biiliard. Pool Tables and Supplies. For Home, Club or Public Hall Roy L. Marsh, President 8-10 Pembroke Arcade. Phone—Cl rcle 4738.

The I BRUNSWICK Knapped with the ELTONA allrecord reproducer and all-wood tone AMPLIFIER, is the world s most perfect Phonograph. Brunswicks are Mechanically Perfect Brunswick Shop 124 N. Penn. St. Opposite Keith’s THE MANSFIELD ENGINEERING CO. 1011 Fletcher Trust Building Indianapolis, lad. Contractors and Manufacturers of Pioneer Bark Damp Orerd Backets

A BILLIARD TABLE FOR THE HOME Affords clean amusement for young and old. The Brunswick-Baike Collender Company 111 S. Pennsylvania St.

“The Yellow Wagon” and 100 Teanw POLAR ICE AND FUEL CO.—B PHONES

@A FLOCK Or FORDS and A GANG OF MEN ALWAYS ON THE JOB Hayes Bros. PLUMBING, HEATING AND VENTILATING CONTRACTORS MAIN 2493 M-2492

LUMBER— MILLWORK One board on one million feet Quality Service O. D. Haskett Lumber Cos. Phones —WE bster 0114, Auto. BR ookside 1415

Let us print your Announcement in new type, particularly adapted to your tnessage. Our smart type ejects create the atmosphere and establish the character you desire. Mellett Printing Cos. v 475 Century Building f MA In 4756

Foster and Messick FLETCHER JRUST BUILDING Telephcne, MA in 6100 Surety Bonds and Casualty Insurance

Travelers’Checks LETTERS OF CREDIT FOREIGN EXCHANGE TOURS STEAMSHIP TICKETS Rlchera A. .Kurtz, Manager. Foreign Dept. The Union Trust Cos. 120 East Market Street MA In 1576, 2853

Ask for Browder’s Ice Cream Everybody Says It's Good Wc give special attention *to party orders. Browder Ice Cream Cos. MA in 5595. 918 N. Senate.

F. E. TROSKY MERCHANT PLt’MBRR PLUMBING AND HEATING RAodolph 1817. 2JH9 Central A?enne.

SPINK-ARMS HOTEL 410 North St. A Reality of Comrnience. -IN'DIANAI'f >I,TS NEWEST AND FINEST HOTEL. Unexcelled Transient Service— $3 and up One, two and three-room furnished apartments with kitchenette, SIOO per month and up. Unfurnished apartments In our new addition, SSO and up; unexcelled case service; Table d’hote luncheon, 75 cents; Talde d’hote dinner, $1.25; also service ala carte.

Maud E. Grah Beauty Parlor Furniture and Supplies. Removed to 450 Century Bldg. Phone—Ll ncoln 8015

RISE IN DISCOUNT RATE BN MONEY IS SIGNIFICANT Rapid Expansion in Business Means Increased Demand for Funds, r.Y DR. LEWIS HANEY Director Ilurnio Business Research, New York University, iWritten tor the t'nited Financial) NEW YORK, Feb. 24. —If I were asked to pick out last week’s most significant event In the business world. I would say without hesitation, "the advance In the discount rate.” The Federal reserve banks in New York and Boston have raised their charge for lending on commercial paper from 4 to 4Vi per cent. This is the first advance since rates were reduced during the period of deflation end falling prices in 1920. The circumstances are plain. Busi ness has been rapidly expanding and this has meant an Increased demand for funds. Money Is no longer a drug on the market. In fact, commercical interest rates on the best paper in the East have been at 4V4 per cent for several weeks. Stock Speculation Grave Speculation on the stock market has been on the increase and we have had an extraordinary number of mil-lion-share days. Asa result the interest rates in the "call loans" which are tirade to stock speculators has been marked up to 6 per cent arid even 6 per cent of late. Under such circumstances the hanks have been able to borrow funds from the Federal reserve banks at 4 per cent and lend at 5 per cent, thus clearing at least 1 per cent. This explains the recent increases In 'k)ll!> discounted" in the Federal reserve system's statement. This is “easy money” in every sense of the word. Ineed, It has encouraged inflationary tendenefes. One of the best indicators of the business cycle Is the course of Interest rates. An August last year the rate on commercial paper reached ,a minimum and since then has steadily increased to 40 per cent. This, being interpreted, means that we are now well started In the upward swing of the cycle. Net Farmings Better Business men can now make more money. Net earnings are better. The demand for funds will not bo checked ly the action of the reserve hanks. It Is merely a timely warning that as we move up In the business cycle there .come times of strained credit. Just now the volume of production is so large that we are approaching a time when one of three things must happen: 1. Prices must move up faster than has been the case during the last two months. 2. Wages must come down 3. We will have a decrease In the ret earnings or many businesses and n considerable reaction In stocks. •PROF TELLS STUDENTS THEY BELONG ON PICK BERKELEY, Cal.. Feb. 28.—0f the 10.000 students at University of California there ore 7,000 who should be attached to the handle of a pick or a frying pan. Prof. O. L. Montgomery told his class In English at the unl■verslty. "No less than 70 per cent In this university are attending college because It is the accepted thing to do. They are out for a good time, and the education Is merely incidental," Pro-f'-.ssor Montgomery said.

LUMBER SUPERIOR (fm) MILLWORK BURNET-RINFORD LUMBER CO. w£M- '■

We maintain an EXPERT service and rebuilding plant. Have your Marvel rebuilt into anew carbureter. Marvel Carbureter Sales Cos. 926-28 E. Washington Street Drexel 0172

W. S. FRYE TRANSFER CO. I’hone MAin 8535. Lincoln 4701 We Haul Anything

THE INDIANAPOLIS TIMES

WEEKLY @ - Business °n<L Industrial

Everything Handy for Typist

IgLjKraj

"CONDENSED AND COMPLETE" DESK

The modern Idea for having everything as condensed an possible, together with the desire for having everything at one’s finger tips, has led manufacturers of office supply furniture to design a desk that la "condensed and complete." This week, according to Mr. Hiller of the Hiller Office Supply Company, 28 8. Pennsylvania Bt., Is one of the worth-while evolutions In- the line of office supply merchandise. “The typewriter cabinet desk, put out by the Byron Company, is so built that the stenographer can reach every-

GREAT DIFFERENCE . IN INDIANA COAL Public Should Know Difference in Local Coal Output, js'pver has there been so much Indiana and Illinois coal used In Indianapolis as this year, due to the difficulty In getting coal from outside fields. Henry B- Dithmer, secretary treasurer of the P<%ir Ice and Fuel Coinpan. says: "A person often orders Indiana or Illinois coal, not specifying any particular grade. When the cheaper j rades are delivered he finds them unsatisfactory. “Veins four and six, found in Sullivan and Green Counties, furnish the best grades of Indiana coal. In Illinois, the coal from the Harrisburg and Franklin districts furnishes the best grades. Even these grades vary in quality, but any coal from veins four and rlx. will be superior to coal from the other Indiana regions. "The general public should realize that coal Is retailed at a small margin of profit If there Is ’a difference in coal quotation* of more than a few cents, there la a vast difference tn the product." BUREAU ELECTS BONNER Bettor Ituslnhw Organization Renames Two Officers. Robert O. Bonner of L R Ayres & Cos. is the now vice president of the Indianapolis Better Business Bureau. Officers re elected were: G. F. Oiwln, secretary, and William G. Grauel, treasurer.

Phone, Main 3057 THE WHITAKER PRESS Inc. “Printing Done Right” Fifth Floor Print Craft Building 223-25 North New Jersey Street

Hand-Made Pies There are none like them anywhere. Ward-Baxter Pie Cos. 203 N. Delaware St. Convenient for Market Shoppers.

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tldng needed and still keep all supplies In tholr respective places," he says. "We carry all kinds of office eupplies Including a full line of loose leaf equipment and filing systems, for we find that most office managers find it much more satisfactory to buy all of their supplies at one house and appreciate the fact that it is possible to get all kinds of supplies here. “Another new item in office supplies Is Neo-Leum. This product, used for desk tops and pads, is of soft green restful to the eye and presents a soft smooth writing sm-face. It will not mar and can be cleaned easily."

BETTER QUALITY MASKS BUILDING Gallon Bros, See promise of Good Y#ar, Contractors are getting away from the policy of erecting cheap buildings, according to Harry Callon, Jr., of the Callon Brothers, heating and plumbing contractors. "Our own business reflects this movement,” he says. "A few years ago, particularly in smaller towns, many apartment houses, hotels and buildings were put up of cheap materials. The man who put up the building planned to ‘unload’ within a short tinia to some man ignorant of the true character of the material. "Not only Ls there a big loss connected with all cheap building, but there always is dissatisfaction. “We have just completed the heatin r mo! plumbing In the new T.a Salle Hotel in South Bend. This hotel, built of fireproof materials, is a ninestory structure and quite modern in every respect. Anew hotel being constructed at Bedford also Is to boa fireproof building and we are installing first-clans heating and plumbing fixtures. , “One of our recent plumbing contracts in the Indianapolis commercial district ia the new Meyer Kiser Bank building.” Gas Price Boosted. Bu Vnitfd Prrt> NE WYORK, Feb. 28—Standard Oil of York today advanced the tank wagon price of gasoline and naphtha 1H cents in New York and New England.

For Your New Home! Pictures or Mirrors , Etc. To Suit Any Taste or PocketBook, See Lyman Bros., 223-225 E. Ohio St.

A . f X7 1 From Kentucky, West Virginia, UICS,IJ. lVrf'ildl Illinois and. Indiana Fields Service and Quality ACTIVE COAL CO. FOURTEENTH AND SENATE Phones—Yard, Circle 701*. Office, Lincoln

For Service Cal! the Capitol Transfer Cos., Inc. Heavy II mil Imi Contractors General llo:*tin£ and ItisKinft — Bollerc*. Smoke Stacks, Machinery 126-28 VV. Neiv York St. Main 5319. •I. It. Skinner, Manager.

TRY A WANT AI) IN THE TIMES. THEY WILL BRING RESULTS.

One of the LARGEST—One of the BEST!

ELECTRIC SERVICE IS FURNISHED TO 8,000,000 HOMES Central Indiana Power Cos, Is Building Mammoth Plant in Coal Filds, Electricity still continues to be the greatest Industrial and home revolutionizer of the present age, officials of the Central Indiana Power Company assert. More than 9,000,000 homes in the United States now are supplied with e.ectric light and power service, in addition to the enormous business of this character furnished to industries. These figures are embodied in figures given out by the National Electric Light Association. Plant Must Expand The increase of population centers and the large demands for manufacturing purpose mean that light and power companies must expand their generating and transmitting facilities heavily. Rural sections in even’ State, where fanners are beginning to awaken to the convenient pnd commercial advantages of electrio light and power offer a tremendous field for business. The Central Indiana Power Company is constructing the State's larged super-power plant In the heart c? Indiana's coal fields on the Wabash river, six miles south of Terre Haute where an easily accessible and adequate supply of fuel and water i* afforded at a minimum cost. To Unify System Gangs are erecting thousands of poles ,ui ! l stretching miles of wire for transmission lines which will connect up and unify the company's system* operating in 103 cities and towns in Indiana, with many more requesting service. Anew town Is springing up at the sue of tills super-power plant.

BUILDING IS OF BUSINESS NATURE Fletcher Says 1923 Will Show Commercial Gain, The bulk of this year’s business, according to M. Floteher, secretarytreasurer of the Bedford Stone and (instruction Company, 810-15 Fletcher Savings and Trust Company, will be of n commercial character. “Tills is due,” says Mr. Fletcher, “to the fact that the field of apartment and residence building already is pretty well covered In Indianapolis. There will be relatively little demand for this kind of building here during tills year. There is a need for commercial building “The past year was very good In tiie construction business. Conditions Indicate this year will be equally strong, only generally confined to the line mentioned above. “The Meyer-Kiser Bank building on W. Washington St. is well under way and when completed will he a twelvestory structure with basement and sub basement. The building will be of steeS reinforced concrete, finished In terracotta. "Plans are ready for the Kreage building, which will occupy the southwest corner at Pennsylvania and Washington Bts. This building, of four stories, will be so erected that, other stories may be added. This rian is one that is being followed to a large extent in present day commercial building."

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f B\tterson Engraving Cos. FORM Em'.- INI DIANA ELECTROTYPE CO. 93 Wesf c 3 / larylcmd Sheet Indianapolis. Ind.

There’s a Yard Near You Fourteen strategically located yards of this company cover the city of Indianapolis—aiding the builder or coal consumer in getting materials or coal when he needs them in a hurry. The combined and experienced service of A. L. MEYER & CO. and THE INDIANAPOLIS MORTAR AND FUEL CO. is available for your every need. “EXPERIENCED SERVICE” ALLIED Coal and Material Cos. 407-8 Odd Fellow Building 1 MAin 2440, Lincoln 7581.

LIGHT and POWER CALL LINCOLN 2371 A Representative will call to assist you solve your Electrical problems. Indianapolis Light and Heat Cos. Home Company. 43 Monument Circle. Edison Service.

We Sell EVERYTHING For Your Office HILLER Office Supply Cos. 28 S. Penna. St. Just Phone LI. 2231

Pistons ♦ Pins ♦ Rings Wire, Wood and Disc Wheels For all makes and model* of machines. We have Genuine Quality Goods. Wire and Disc Wheels repaired. Indiana Wheel and Rim Cos. 40 West North Street Cl rcle 7345.

Automobile Glass Replaced While You Walt Building Glass of All Kinds Indianapolis Glass Cos. 1002 Kentucky Ave. Clr. 7727.

INTERSTATE PUBLIC . SERVICE CO. 14 —Limited Trains Daily—l 4 Between INDIANAPOLIS and LOUISVILLE ———————— -| - I, - - - --- - . | .. | - || . |r|lß . mr n ■imrim —r “None Better Mill Work” SPEEDWAY LUMBER CO. LUMBER AND BUILDING MATERIAL Our Truck Service Covers Marion County Herbert E, Hill, President Belmont 2000 Is Your Fire and Casualty Insurance Adequate? Let Us Solve Your Insurance Coverage IT PAYS TO INSURE WITH AN OLD ESTABLISHED OFFICE THEODORE STEIN, JR. GENERAL INSURANCE 240-44 Consolidated Bldg. MAin 3133—8434 ————a———————— r —|— r-irrrTmiiiTTin-i:r_ujui—niu,uuu ' T w-rnTTin-n T --B immuttm mii.i , HIGH BLOOD PRESSURE The treatment by means of electrical currents, especially the high frequency modalities, has now become as firmly established as with drugs, and today these currents are known and appreciated for their value. High Frequency Will Reduce High Blood Pressure The Indianapolis Hydro and Electro Male Attendant. Therapeutic Institute r 7'; Attendant.. Feople. Bank Bldg. £ Indiana),olio, In<L suit*. .17-718-719. 132-36 East Market- Street phone u umin so? 4. Office Hours. 1> A. M. to 6 P. M. I——————— iii— i ——o— - . . - ~ Rent a New Ford—Drive It Yourself Touring Cars SAUNDERS Coupes Roadsters Drive It Yourself Sedans phone cireie 68io. SYSTEM 330 N. Delaware St. WASTE PAPER o**^ Main 6089 American Paper Stock Company Incorporated * —-hi ■ ' Tir ill Bedford Stone & Construction Cos. Contractors—Engineers 810-15 Fletcher Savings and Trust Building Indianapolis, Indiana H. H. WOODSMALL & CO., INC. GENERAL-INSURANCE—SURETY BONDS “We Insure Everything but the Hereafter.” FIDELITY TRUST BUILDING ' \

HELM4.EWIS Quality Blocks Concrete Froducts, etc. Capacity 3,600 a Day. Two Big Plants 14th and Fall Creek. Main 4967.

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