Indianapolis Times, Volume 35, Number 293, Indianapolis, Marion County, 21 April 1924 — Page 6

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TERMINATION OF BOOM IN BUILDING TRADE SEEN NEAR Economist Urges Less Haste and Reasonable Prices to Stabilize Activity. By LEWIS H. HANEY {Director of Department of Research of New York University) NEW YORK. April 21.—One of the Jnost threatening developments during March was the favorable outlook for building industry. The high level of industry reached in 1922 was largely reached on the demand for building materials and the recent peake of iron apd steel output could hardly be maintained if building were to fall off. The records of floor space in buildings for which contracts are actually awarded is compiled by the F. W. Dodge Company and is our best index. It means much more than mere “per mits” to build which may never re suit in a contract. If we take the average monthly contracts in 1921 as our base for comparison, we find that In February the contracts were 135, or 35 per cent higher, and that in March, the index was 200 or 100 per cent above the 1921 average month. Gain for March This means a gain of 48 per cent Cor March compared with February and many have considered this a strong showing. If we compute the percentage of gain in building contracts which usually occurs in March, we find that it is over 60 per cent. In other words the gain last month was not as good as is usual or normal. We may say that the relative smallness of the increase is virtually a decrease, was less than normal. Nor Is this all. as a usual thing the reports on “contemplated construction” anticipate the contracts actually awarded by several months and give en Indication of how large the build-

LAST CHANCE TO SEE RUPTURE i EXPERTS WEDNESDAY, APRIL 23, IS LAST DAY IN INDIANAPOLIS FREE INFORMATION AND APPLICATION OF FAMOUS RICE METHOD ON YOUR PARTICULAR RUPTURE W. S. Rice, the rupture expert, who lias been meeting the ruptured at his headquarters, at the New Colonial Hotel, Indianapolis. Ind., and demonstrating to them the famous Rice Non Surgical Rupture Method, will remain at the above address until "Wednesday evening, April 23. All of those who ar ruptured and who have not taken advantage of the opportunity w blch tliis expert offers, should lose no time in calling at the office to re# him. He makes no charge whatever for tho demonstration, advice and application of the Rice Method to your particular case. A lady expert is in attendance who will personally care for all women. Come In and see this expert. Find cut about this important matter for yourself. Tour future comfort and freedom from gouging trussee is the most important thing in the whole ■world for you. Follow the lead of those other thousands of ruptured persons who had the Rice Method demonstrated to them, decided to use It. and have since reported themselves relieved It does not cost you a penny to find out all about this Method to have It fully and completely demonstrated right upon your own rupture. This Is what W. S. Rice Is in Indianapolis for. You buy nothing unless you are fully convinced and anxious to buy. Tour time is short now. Do not let this Rupture Expert get away without your seeing him and finding out about this important matter. Remember. there is nothing else so important to you. He will be glad to have you call upon him from 9 to 12 a. m., 2 to 6 p. m., or ? to 9 in the evening, during th" remainder of his stay in this city. The dates are Monday, Tuesday and Wednesday, April 21. 22 and 23. Don't lose this opportunity.—Advertisement.

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Meetings Here Tuesday Women's National Bowling Association. Meeting. Lincoln. Rotary Club Dance. Clay pool. Grand Chapter Order of Eastern Star. Claypool. Baseball Washington Park. 3 p. m. St. Paul vs. Indians. Wabash College Endowment Campaign Assembly. Luncheon. Severin. Ladies' Whist Club. Severin. Paint. Oil and Varnish Club. Luncheon. C. of C. American Chemical Society. Luncheon. C. of C. St. Mihiel Tx>er Post. American Legion. Luncheon. C. of C. Indiana Purchasing Agents. Luncheon. Severin. American Legion, Post 84. Luncheon. Board of Trade. Gyro Club. Luncheon. Lincoln. Mercator Club. Luncheon. Spink-Arms. B. P. O. E. No. 13. Lodge Meeting. Denison. University of Michigan Alumni. Luncheon. Lincoln. Rotary Club. Luncheon. Claypool. Student’s Recital. Indiana College of Music and Fine Arts.

ing activity is going to be. It is therefore significant that this year the March contemplated construction figures not only declined, but was lower than the figure of a year ago. The contemplated construction last month, after allowing for seasonal variation, declined 11 per cent from February. It was 17.5 per cent lower than in March 1923. A similar unfavorable showing was made in February. These facts make it highly probable that we are in for an early termination of the building boom. Certainly the decline contemplated In construction tends to the conclusion that this year will witness no such activity as marked in 1923. When one considers that the manufacturer of automobiles, which is the other great prop for the iron and steel industry, is showing signs of a decline. it is easy to figure why the stocks of the steel producing companies have recently been weak. This is why. in spite of large orders for rails and rolling stock, the unfilled orders on the books of the United States Steel Corporation had declined. Less Building Effect Os course, the effects of a lower building activity are not confined to Iron and steel. The demand for lumber. linseed oil. glass and other mate rials will be diminished. The smaller demand for iron and steel will cause a smaller consumption of zinc for galvanizing and many other reactions could be pointed out. Building activity is not small, especially here in New York, where an undue amount of speculative residence construction is in progress, but it behooves financial interests and inves tors in building projects to use caution. Labor and producers of building material should moderate their demands. A little leas hurry and a little more reasonableness In price right now will help stabilize building activity and prevent Its collapse.

Radio Programs Tuesday TUESDAY New York, N. Y.—WEAK (Eastern, 492) 11:35 A. M.—Motion picture talk. 4 P. M.—Soprano. 4:15 P. M. Lady baritone. 4:45 P. M.—Pianist. 6 P. M.—Children’s hour stories. 7P. M. — Tenor. 7:15 P. M. —Cymbal on. 7:40P. M. —Contralto. 8 P. M. —Orchestra 9 P. M. Baritone. 9:30 P. M.— Coloratura soprano. 9:45 P. M. — Bveready program, 10:80 P. M.—Hospital music committee. Schenectady, N, Y.—YYGY (Eastern. 380) 1:45 P. M. —Address by President! Calvin Coolldge. 6:30 P. M.—Dinner music. 7:45 P. M.—Mountains and mountain scenery. 8 P. M.—Farm program. lowa f£ty, lowa.—WHA A (Central. 484) 8 P. M.—" The law as a Profession:” harp music and garden week program. lAMdsvUle. Ky.—WHAB (Central. 400) 4 to 5 P. M.—Orchestra. 7:30 to 9 P. M.—Musical program. Kansas City, Mo.—\YFTB (Central, 411) 12:36'P. M. to 1 P. M—Popular program. 2 to 3 P. M.—Ladies hour program. 7to 8 P. M.—Varied selections. 8 to 10 P. M. —Popular program. Philadelphia, Pa.—\YlP (Eastern, 396) I P. M. —Organ recital. 3 P. M. — Saxophone serenaders. 6:05 P. M. — Symphony orchestra. 7 P. M.—Children's bedtime stories. 10:15 P. M. — Orchestra. nereland. Ohio—UMAX (Eastern, 390) t:3O P. M.—Concert. Cincinnati, Ohio.—WLW (Central, 809) 4 P. M.—Topics of interest to women. 10 P. M.—Concert by Mu Phi Epsilon Sorority. 11 P. M. — Hawaiian entertainers. 11:30 P. M.— Serenaders. 12 Midnight—Orchestra. Memphis, Tenn,—YVMC (Central. 500)) 8:30 P. M.—Glee Club. 11 P. M.— Midnight frolic. Philadelphia, Penn.—WOO (Eastern. 509) II A. M.—Organ recital. 12:02 P. M.—Orchestra. 4:45 P. M.—Organ recital.

Today’s Best Radio Features (Copyright. ISH, by United Prttt) WOS, Jefferson City (440 M), 9 P. M. CST —The Missouri State Prison Orchestra. KPO, San Francisco (423 M), 7 to 11 P. M PCST—Evening musical program. KDKA, Pittsburgh (326 M). 8:30 P. M. EST—Concert by KDKA Little Symphony Orchestra, assisted by soloists. IVOR. Newark (406 M). S:ls P. M. and 9:30 P. M. EST—personal appearances of Vera Gordon and Lois Wilson, motion picture st*.*a. WSB. Atlanta (429 Ml. 9 P. M. CST Hall and his ukelele.

MERCHANTS LOW BIDDER ON CITY STREETJJGHTING Elliott Computing Actual Costs of Electricity Bill for Next Ten Years. Indianapolis may know this week approximately what its electricity bills will be for the next ten years. Bids for the city lighting contract were filed by the Merchants Heat and Light Company and the Indianapolis Light and Heat Company with the board of works Friday. John L. Elliott, city engineer, was to begin competing costs. The contract may be let later in the week. The Merchants company appeared low bidder. A rough estimate showed its offer 20 per cent lower than that of the Indianapolis company. Because of complete revolution in

“Photos That Talk” Phone LI 1250: Res . IR 0865. flih Floor Century Bids The Times Pink for Late Sport News

Electric Light and Power l SERVICE j i MERCHANTS I Heat and Light Company ij LA The Daylight Corner cA

DURING THE SUMMER the possibility of accidents are increased, traffic trill be heavier and the problems of motorist and pedestrian will multiply. Be protected with one of our Travel Accident Policies. Just open a savings account of $1 or more and pay $1 as a year’s premium on this SI,OOO policy. FIDELITY TRUST COMPANY

“What Is Distance Between Friends” if they have telephones, and one family in three throughout the United States has a telephone. Those who use Bell Long Distance service to maintain family and social ties get many times the real service from the telephone that others do. ® INDIANA BELL TELEPHONE CO. Phil M. Watson, Division Commercial Manager

RIDE THE STREET CARS * t * Indianapolis is forging ahead. Its car system must keep abreast of this growth. Ride the cars—its cheaper—and help keep Indianapolis to the front. “ MARION COUNTY STATE BANK 189 Emit Markrt Street Horn* of the Christmas Saving* Clnb.

I Clean Window* male** the home more I at ti active * • I doc* the work in le*e time. Sold by He- ■ partment. (Iroeer. Drug and Hardware I lloree, OEM rOMSH BfEfh_CO. j

0 < Run down this mck-tnd ? RUN DOWN TO French lick. Springs Hotel THE HOME OF-** DLIITO WATER 8 Thysic ID Justashort ride frtm Indianapolis - Come bduk anew Fbnon (

Removal Sale Prices in All Departments Discontinuing Bicycle Department Bargains in Accessories The Gus Habich Cos. 142 E. Washington St.

H. H. WOODSMALL & CO., INC. GENERAL INSURANCE—SURETY BONDS “We Insure Everything but the Hereafter." FIDELITY TRUST BUILDING

THE INDIANAPOLIS TIMES

the electric industry and electric appliances, no basis of comparison exists for determining whether or not the bids are higher this year than ten years ago. Mayor Orders Smaller Lights Specifications allow the city to order a smaller or larger size lighting unit if preferred and also to ctu off at midnight any number of lights. In the downtown district, specifications call for a luminous lamp, invented by the late Charles Steinmetz, electrical wizard, which is said to give more light for the energy used than any other kind. A large sheet of copper above an iron tube filled with rare minerals composes the elements of the lamp. The electric energy creates a gas which is electrically charged to a pearl-white luminosity. The city now uses 3,200 arc lamps and 1.300 incandescents. Records show the city's light bill was $14,685 last month. Added to this is a surcharge, allowed in 1917 and in 1920 by the public service commission, which amounts to $6,538 for the month, slightly less than half the charge for energy. Bid on Each Type A bid was made on each type of lamp for both 4.000 and 2,000 burning hours a year. Elliott, in specifications, called for circuits that would be

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STORAGE BATTERIES $7.00 UP Don’t hare your old battery repaired; aee me flrat. Sheridan Battery Service Cos., Ullnola at Fifteenth. “Bill Sheridan hlmaelf."

SPINK-ARMS HOTEL 410 North Meridian St. A Reality o t Convenience. INDIANAPOLIS’ NEWEST AND FINEST HOTEL. Unexcelled Transient Service —83 and up. One, two and three-room furnished apartments with kitchenette, 8100 per month and up. Unfurnished apartments In our new addition, (50 and up: unexcelled case service; Table d'hote luncheon. 75 cents; Table d’hote dinner, SI 25; also service ala carte.

operated at half-time. Full time lights burn 4,000 hours a year. Credits are allowed where the city does not use the 15,000 lumen bulbs specified. Cost of maintenance is figured separately. Subway traffic and special lights are to be charged for on meter readings at actual cost, plus 15 per cent for overhead and cost of superintendence at so much per kilowat.

Hoosier Briefs

St. Francis Xavier’s Church of Vincennes is to build a SIOO,OOO high school building. The Shelbyville Furniture Mannfarturers’ Association has donted $1,500 to the Major Memorial Hospital. Eight quarts of “white mule" were found by Muncie workmen tearing down an old Union Traction freight house. Reports fail to* state what happened to the liquor. So many “Weary Willies” wore arrested in Gary during a cleanup campaign police had to hire a truck to haul them to Crown Point to lay out their fines. Classes at Greensburg High School

WEEKLY Business and Industrial NEWS

PDONECOMPANY MUST COPE WITH FUTURE CHANGES Organization Employes 2,500 Citizens to Give Public Service, One of the most, important duties of the telephone company Is to not only keep abreast with the development of the community, but it must be able to reach out and meet the eventualities. The telephone company in this connection must keep alert for any change In the community; It must look ahead far enough to map out a cam palgn to meet changing conditions. There must be in the minds of tele phone officials a keen foresight that will meet these conditions before they have actually materialized. Telephone service Is of such a nature that It be furnished to the public without any great delay after application has been made for it. Provision must be made for cables, conduits, exchange offices and for switch hoards which, although possibly not needed now, will be In demand at some future time. Ceaseless Service Telephone service is a ceaseless service. Through all kinds of weath er. in heat and cold, In rain or sun shine, in times of storm and sleet, at all periods of the day or night, the iudlscriminatlng public must he served. At the present time there are over 2,600 Indianapolis men and women earnestly striving to give and main tain efficient telephone service In this hlty. These employes are housed In fifteen separate buildings located in all parts of Indianapolis, not including the garage, pole yards and other smaller buildings. Seventy-five motor vehicles are used to install, build and maintain the lines and ejuipment of the telephone company in Indianapolis. Part of Community The telephone company, indeed, is a vital part of any community, not only In the service it renders, but in the number of people employed, the large pay roll and taxes paid, and in its general interest in the welfare of the community, for as the city advances, so must naturally the telephone company expand. In addition to the local telephone service provided by the exchanges in this city, the general offices are also located In Indianapolis. From this point the various exchanges through out the State are directed and supervision given traffic, plant, com mercial and auditing departments in many Indiana cities. Indianapolis is quite a toll center. Frequent conversations to ditsant

WMIWIMM] 120i/ 2 - Bffljj-?DfN. Penn. st. Phone ■-it; .1 Main 2641 MAILING OPERATIONS ADBKESSOGRAFH MIMEOGRAPH MII.TIGRAPH

f PATTERSON Engraving Cos. FOWMCPIV INDIANA EUCTBQTVHB OQ, Q 5 West 'Maryland Street Indianapolis, lnd.

“The Yellow Wagon” and 100 Teams COAL ICE POLAR ICE AND FUEL CO 8 PHONES

W. J. HOLLIDAY & CO. Established 1850 IRON—STEEL—SUPPLIES Distributors of Moore Transmission*. DltwUer Steel Dump Bodies for Fords, and the leading Itnee of replacement parte for all cars. Branch Store, 426 N. Capitol Ave.

were suspended a half-day because students slipped into the building during the night and piled text books on the floor of the assembly room. The 18-months-old son of James Mason. Princeton, drank the contents of an oil car. left sitting on a wash stand. The child will recover. The Columbus School board has formally accepted the new Wilson Junior High School building. After serving five days of a thirtyday sentei.ee Joseph Bedford, Vincennes, clianged his mind, appealed to the Circuit Court and was released on bond. Resolutions opposing adoption of the bonus bill in its present form has been adopted by the South Bend chapter of the Disabled Veterans' Association. Hugh Dinwiddie, teacher and track coach, has resigned from faculty of Crawfordsville High School, effective June 1. Dinwiddie is a senior in Wabash College. Mayor Horne of Anderson is making an effort to transfer money from the electric light plant to the general fund to be used to construct a public swimming pool in Shadyside Municipal Park. Building construction calling for the investment of $2,000,000, it is said

points, including Havana, Cuba; Portland, Ore.; Los Angeles, Cal.; Portland, Me.; Montreal, Canada; El Paso, Texas, are handled by the Indianapolis operators each day. BANKERS TRUST USES BEST SAFES Company's Vault System Most Progressive Type, How safe should a safe deposit vault be? Experience has taught bankers that the safe vault where valuables can be kept in security should have sufficient strength to thwart the best efforts of the cunningest thieves; it should he fireproof, protected by time locks, built of invulnerable materials and rendered impregnable by every possible physical attribute. When the Bankers Trust Company installed Its safe deposit vaults, the officials of the company studied construction of the best vaults in the leading financial institutions of the country. The officials of the safe deposit vault of the Bankers Trust Company installed a system that is conceded to be the most progressive of any plan yet devised to safeguard the valu ables of its patrons. The system successfully affords the greatest amount of protection because It makes loss impossible through the cai-elessnes of employes. It compels the absolute identity of customers seeking entrance to the vault, it prevents access to safe deposit boxes by imposters and even protects the customer himself against loss through his own carelessness.

Gone, but Not Forgotten Automobiles reported stolen belong to: J. Adrian Kemper. Bloomington. Ind.. Ford, from 1900 block N. Illinois St. Myer Refkin, 2608 Sutherland Ave., Peerless, from Vermont and Meridian Sta. C. G. Alls, 6202 College Are., Ford, from Delaware St. and Madison Ave. J. M. Pressley, 729 Roanoke St., Cadillac., from residence. James Parish. R. R. 2. Acton, Ind., Ford, from there. Charles Ritter. 126 E. Pratt St.. Chevrolet, from Vermont and Meridian Sts. Ray Fisher. 602 E. Washington St.. Nash, from Davidson and Market. Sts. back home again Automobiles reported found by police belong to: David Honigfeld, 2824 Ruckle St., Ford, found at 324 W. Morris St. Chevrolet, license 486610, found at Pershing Ave. and Morris St.

Safe Deposit Boxes Bankers Trust Company

‘‘The World Moves. So Does Niman” Phones: Drexel 1155 and 1745 Night Calls, Irv. 2114, Wash. 0744 NIMAN TRANSFER & STORAGE CO. Expert Riggers Erectors of Stacks, Boilers and Heavy Machinery. Safe and Machinery Moving. Over'and Hanllng. Motor Trucks 2*4-228 W. M’CARTY ST. M. T. Niman, Mgr. Indianapolis

will be started in jomington this spring. “Swiftie,' 4 11-months-old • boy and pet of doctors and nurses at the Rich-

Children cry for To avoid imitations, always look for the signature of Proven directions on each package. Physicians everywhere recommend U

America’s Finest Electric DeLuxe Buffet-Parlor Car Service —BETWEEN— Indianapolis and Louisville, Ky. Leaves Indianapolis 11 A. M. and 5 P. M. Arrives Louisville 2; 45 P. M. and 8:45 P. M. Seat Reservations, Terminal Station Main 4500 INTERSTATE “The Electric Way” Seven All-Steel Dixie Fliers Daily C. B. MOWERY SupL Dining Car Service.

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

170 ff. N.w York St. M.l- 371,

.Service Transfei eLnd S torsive Go] i ....... . Light and Heavy Hauling L MftlN 4400 ; ,

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

WASTE PAPER Main 6089 American Paper Stock Company Incorporated

If IPs for Your Office, We Have It HILLER Office Supply Cos. 28 S. Penna. St. Just Phone Circle 0611

Smith-Hassler-Sturm Cos. 219-221 Mass. Ave. "A Real Sporting Goods Store”

Quality Printing—Legitimate Prices Hendren Printing Company (Incorporated) 465 Century Bldg. \ Phone, Main 0466

MONDAY, APRIL 21, 1924

mond Hospital, soon Is to be returned to his parents, vaudeville performers "Swiftie" has been In the hospital since birth.

Foster and Messick Telephone, MA in 6100 FLETCHER TRUST BUILDING Surety Bonds and Casualty Insurance The Times Pink for Late Sport News

TOURS STEAMSHIP TICKETS LETTERS OF CREDIT FOREIGN EXCHANGE TOURS TRAVELERS’ CHECKS Richard A. Kurtz, Manager, Foreign DeL The Union Trust Cos. 120 East Market Street MA in 1576, 2853

LEE B. SMITH 704 Fletcher Trust Massachusetts Mutual Life Insurance Cos. Educational and Income Policies

Main 4375 111 Kentucky Ave.

The A. M. Hall Machine Cos. 226 West Maryland St. Builders of Special Machirttry General Machine Shop Work

We will build you a home of 4 or 5 rooms, furnish the money and you can pay like rent. FLOYD PETERMAN 509 Mass. Ave. MA In 7029 WEbster 4327