Indianapolis Times, Indianapolis, Marion County, 2 July 1936 — Page 7

“BOND PETITION

Local Utility Drafts Issue Based on Improvements ~, to Its Plant.

. The Indiana Public Service Commission today had under advisement a request of the Indianapolis Water Co. to issue $522 in 5 per cent gold bonds and 3810 shares of 5 per cent preferred stock, par value $100 a share. At a hearing yesterday the water company sasseu 10T a decision by Friday. - Capitalization of plant improvements during the last five years is the purpose of the proposed boud - and stock issue, according to the petition. From Dec. 1, 1930, to . March 31, 1936, the water company . has spent $903,095.17 for improve-

_ments, the petition said. The stock would be sold, but the

bonds would not be marketed, the

petition explained. ..Asks Division of Figures

Perry McCart, commission chairman, asked that the water company’s figures be divided to. show the cost. of improvements made before June 1, 1931, because, he pointed out, the law provides that securities may be issued only against capital expenditures that have taken _ place in the five years immediately prior to the date of the filing of the petition for the issue. | The petition was filed June 1, 1936. Water company figures showed

youngest son

Youngest high executive in the steel industry, T. E. Millsop, 37, above, has been named president of the Weirton Steel Co. A steel worker since 1913, Millsop served in §pe Canadian army during the World War, then was a stunt flier for six years. He returned to steel and rose to the post of executive vice president of Weirton a year ago.

IL DUCE’S SON STRICKEN

Youngest Boy of Mussolini Is Ill With Whooping Cough. By United Press ROME, July of Premier Benito Mussolini, was stricken with whooping cough at his father's residence in Rome today. Meanwhile, Anna Maria, 1, daughter of II Duce, was recovering slowly from infantile paralysis at the family’s villa Braschi at Tivoli, ‘near Rome,

exile and Worsied Workers 80 is. 21935 1 an 4 By United Press Fi ‘Although no general PROVIDENCE, R. 1, July 2.—| contemplated this summer, PresiFormal demands for 20 per cent | dent Thomas F. McMahon wage increases and a 35-hour work |U. T. W. of A was week for the nation’s woolen and | Washington to

worsted workers were addressed to] eventual walkouts.

2.—Romano, 9,|

4::SALE!

Tomorrow, 9 to 1 Only 345 Pairs

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Motorola Auto Radios

27.95

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’

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It is

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BLOCK’S—Radios and Tubes—Fifth Floor. Also at 424 N. Ill. St—Open Evenings Until 9

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that $414,753.14 was spent for plant improvements prior to June 41931. Water company officials wif testified at the hearing yesterday were H. 8. Morse, general manager; W. C. Mabee, chief engineer, any E. E. Schwier, auditor.

Pairs of Ladies’ y. Full-Fashioned

Silk Hosiery 1

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138 East Washington Street

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1 Mesh Gloves 79%

SPARKLERS IN OUR ACCESSORIES DEPT. “As You Like It”

KNEE LENGTH

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Cash Price

098

Also May Be Purchased on 1 Pos Block's New Lower Terms of $ J ree

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| No Down Payment—New Lower Terms Sale of 1934-35 Refrigerators

Ata Mere Fraction of Original List Prices! |

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5 CASH PRICE

OUTDOOR FURNITURE | Ye Slightly soiled floor samples of

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with’ chairs and umbrellas.