Indianapolis Times, Volume 38, Number 170, Indianapolis, Marion County, 22 October 1926 — Page 3

OCT. 22, 1926

$45,000 000 FOR UTILITIES DEAL MUCH DISCUSSED Need for So Large Amount in Heat and Light Merger Not Clear. Just why it would be necessary to float a $46,000,000 securities issue to consummate the proposed consolidation of the Merchants Heat and Light Company and the Indianapolis Light and Heat company was a source of inuch conjecture today In local util-' ities circles. Study of the taxation assessments ' of the two companies, as recorded With the State tax board, showed that their present total valuation is considerably less than half •of the securities issue which, it is authoritatively reported, will be asked of the public sendee commission. Present valuation of the Merchants Heat and Light Company, now controlled by Insull interests, is $8,200,000, records at the tax board snbw. The $10,319,9G5 assessment ofL the Indianapolis Light and Heat Company, fixed early this year by the board, would bring the combined valuation of the two to $18,520,885. • Tax Figures Supported ii These figures are supported to an extent by statements of the two companies filed early this year with the public service commission. The Merchants Heat and Light Company, in the latter report, claims assets and liabilities of $15,747,814.21 and a plant account of $12,770,690.85. The /Indianapolis company, a locally controlled cencern, declared assets and liabilities of $11,883,226.96 and a plant account of $10,898,400.60. The difference in each case between total assets and the respective plant account comprises accounts receivable, prepaid accounts, deferred debit items and similar assets. The larger figure in each case, however, does not include going value and good will. The true sale value of the Merchants company, which la due to be sold to the independent concern,might run as high as $20,000,000 when these , other elements were considered, it was stated today by persons versed in utility matters. Reported $30,000,000 Value Nearly a year ago, when Insull interests were negotiating to purchase the Indianapolis Light and Heat Company, it was rumored on good authority that the Chicago utility magnate had appraised the company at $30,000,000. This deal w r as blocked with transfer of the majority of the Indianapolis company stock to a holding company, thereby defeating a piecemeal purchase of the scattered stock. Intimation that the deal, being negotiated in New York, is nearing consummation were in the air today. John K. Ruckelshaus, attorney for officials of the Indianapolis Light and Heat Company, conferred again with the public commission Wednesday afternoon, disclosing further details. The commission, it was announced, will conduct a thorough inventory of both properties before passing on a securities issue. From the inventory an appraisal will be formulated. Just how soon the merger petition will be filed with the commission could not be learned. ( life" convict paroled Governor Permits Mancie Slayer to Attend Sister’s Funeral. A three-day parole has been extended Harvey Sheets of Muncie by Governor Jackson to allow the man, a “lifer” at the Indiana State prison, to attend his sister’s funeral. Sheets was sent to the prison in 1917, follow' conviction of murder. 'Jackson has allowed Herman Glover of Indianapolis, a prisoner at the reformatory, a ten day extension to the three-week leave allowed him recently. Glover is convalescing following an operation at the I/ong Hospital. Glover received a one-to-fourteen-.vear sentence for receiving stolen goods.

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Men’s and Boys’ Clothing Department and Shoe Department Open Until 9 P. M. Saturday. Other Departments Close at 6 P. M.

Women’s Hand-Made Nightgowns Specially Priced for Saturday! $1.19 Beautifully made of fine soft batiste, daintily hand-embroidered. An exceptional value.... Umbrellas That Women Like Ten ribs for durability. Satin bound, amber tips. A beautiful assortment of handles. New $ shades of green, purple, red, also navy and black..... —Street Floor.

Saturday at The Fair An Extraordinary Sale of 300 Smart New A Special Purhcase and Regrouping of Higher Priced Garments All at One Price The most of these Coats would be values at —Bloused Models —New Straightlines Beautifully tailored of high-grade fabrics in the newest and most want—Lovely Reds Special —Golden Browns Women’s —Attractive Blues All-Wool —Stylish Blacks Sports Luxurious Fur Collars Coats One of the most attractive features. $5.00 Sizes for women and misses. Plenty of Large Sizes if Misses’ Smart Women’s and Misses’SKIRTS Saturday only Fine Bay Seal Fur Coats Women's Avery special Better price for Saturday. Rich fur Raincoats coats carefully selected. Latest $3.98 styles and exceptional quality. Sizes 36 to 46. Smart styles; attractive colors good looking and durable. —Second Floor. —Second floor.

Great Five-Dollar Sale for Boys Long Pants SUITS Boy's Store, Street Floor. Sheep-Lined Coats and Mackinaws and Mackinaws $5.00 Sale Price The Suits and overcoats arc well tailored of high-grade, durable fabrics good looking and serviceable. The sheep-lined Coats have large beaverized collars—belted models with four pockets. Warm, heavy Mackinaws in wanted colors. All sizes in alt for all boys— large and small.

Boys’ Up to $3 SWEATERS Slipover. V neck, button front and coat style; In all wanted colors and sizes.... Boys’ Blue Corduroy ‘Longies’ Smart, warm, durable pants $1.65 every day. Sizes 6 to 17.. 500 Boys’ $1 and $1.50 HATS New fall hats in all popular Shades for all boys—large and small. Large assortment

Boys’ Wool Lumberjacks Large Plaids, Warm, Long Wearing All Sizes Boys’ $5 Worsted JERSEY SUITS Close to half price; handsome, new middy, Oliver Twist. flapper, lumberjack $2.95 styles. years....

The Store of Greater Values 311-325 West Washington Street

Boys’ School KNICKERS Neat patterns and lasting colors. Corduroys Included. Extra well 79c years ..... Boys’ New SHIRTS New patterns, new Colors, long wearing fabrics. Neat patterns. Sizes 12 1/2 to 14 ..... Boys’ New Caps Hundreds to choose from; light and dark colors. For school and dress wear. All sizes

THE INDIANAPOLIS TIMES

Smart! New! Charming! Satin Velvet Felt Hats A large assortment of smart new Hats in all the latest shades. Large and small headsizes. Large and small hats. Lovely shades of red, tans, brown, blues, combinations and black Children’s New Hats $1.69 Hundreds of them to choose from. Smart little hats of felt and velvets in all the new colors and shapes. Wonderful values at the special price —Second floor.

Pure Silk Chiffon Hose —Special Pure thread silk with lisle garter tops and reinforced feet for longer service. Best shades of gray, nude, silver, biscuit tan, brown and beige. Sizes 8 1/2 to 10 ...... A Better Quality Special Saturday $1.27 Rayon Lingerie Silk and Wool Mixed Dainty lace trim- Union Suits med and tailored $1.69 Women's dainty knit envelope chemise, undies; sleeveless and $1.88 princess slips, short sleeves; in knee gowns, stepins and bloomers, in and ankle length. Exceptionally fine garlovely pastel shades. ments at a very low cost. —Street Floor.

Guaranteed 100% Wool Blankets Big, warm, fluffy and blankets in handsome plaids. Gold, $7.95 Save rose, blue, tan, and orchid. Silk bound. The The finest blankets we have seen at less Pair than ten dollars, the regular price—Saturday, the pair, $7.95. Cotton Blankets $3.00 Comforters $1.00 Quality Saturday only. New arrivals, Double 300 New ones just bed sizes. Covered in. Size 60x70 with pretty creinches. Dark gray with colored tonnes —filled with white cotton. borders. Well fleeced. —Third Floor.

Women’s New Wash Dresses Smartly styled of pretty ginghams and prints. All are daintily trimmed with embroidery and piping. Long sleeves. Regular and stout sizes—36 —Second Floor

Men's Work Shirts An Extraordinary Sale for Men and Young Men! Blue Chambray. Well made. Sizes 14 1/2 to 17... 59c Two Garments for the Usual Price of One! Suits and Overcoats Two Suits or Suit and Overcoat for One Price! Fine Fabrics—-High-Grade Coloring—Wonderful Values! White or Handsomely tailored of fine cassimeres, Plain tans, blue and white. sizes 14 to 17. The Suits Worsteds, Cheviots and Serges. Single and Men's Hats Blue double breasted styles for men and young Overalls men. Sizes 30 to 50. for regulars, stouts and slims 95c Also Topcoats—of warm plaids, overOvercoats plaids and heavy plain overcoatings. for carpenters, plasterers, painters: Breezy styles for young men and correct New shapes; all popular shades; plain well made; a real bargain. models for the more conservative men. All sizes in both overcoats and fancy bands. All sizes.

New Lovely Crepe de Chine Scarves New arrivals and decidedly underpriced. Beautiful quality crepe de chine in the prettiest pas- $1.78 tel shadings with dainty floral borders. Special for Saturday...... Women’s Novelty Chamoisette Gloves Smartest of the new glove styles. Flare and turn-back cuffs. Best shades of beaver, mode $ and beige, daintily embroidered in contrasting colors. Sizes 6 to 9....... —Street Floor.

Extra Special! 276 Smart New Winter Smart New Jersey Dresses $3.98 Dresses In a Remarkable Sale Saturday, Your Choice —Street, Business and Travel Frocks Beautifully made of novelty silks, silk crepes, georgette, smart flanShown in all the new shades and plenty of smart black dresses. Plenty Larger Sizes! —Second Floor. Large Women’s Silk Dresses Fashioned of high grade silks. Slenderizing models. Lovely colors, also gray and black.

Saturday! Coat Day! For Girls —Large and Small A Wonderful Group of New Coats $7.77 Fur Collared! Every coat in the lot worth a higher price. Beautifully tailored of high grade coatings. Youthful styles. All the new and most wanted colors. Sizes 7to 14 years.

Little Tots’ Coats Warm Comfy Coats with snuggly fur col- $4.77 lars. Pretty shades of blue, tan, rust, red and other wanted colors. Extra well made. Sizes 2 to 6 years. 4-Piece Brushed Wool Sweater Sets A new low price! Sweater, leggins, cap $3.88 and mittens to match. Sweaters are high neck, belted models with pockets. Powdre blue, buff and cocoa.

Girls’ Wool Dresses Smart frocks of wool plaids and Jersey cloth. $1.98 Well made, long sleeves and in attractive shades red, blue, buff and green. Sizes 7 to 14 years. Little Tots’ Sweaters Warm woolen sweaters, belted style, some trim- $1.88 med with brushed wool. Pretty shades of peacock, huff, brown and rod. Sizes 2 to 6 years. —Second Floor.

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