Indianapolis Times, Indianapolis, Marion County, 1 August 1940 — Page 9

THURSDAY, AUG. 1, 1940

ACTIVITY IN OIL SWINGS NORTH

Major Leasing and Drilling Goes On in LaGrange Co. And Areas Nearby.

The oil play in Indiana has swung northward, Major leasing and drilling activity is going on in LaGrange County and in an area including Benton,

Newton, Jasper and Pulaski Counties, Virgil M. Simmons, conserva-| tion commissioner, reported today. | Several thousand acres have been! leased by independent and major! producers in both areas during the past few weeks, and permits for| irilling approximately 15 wells in| hese two areas have been issued | wv the Division of Geology | The oil play is based largely upon eophysic prospecting by both in-| spendent and major producers, Mr. mmons said. Showings of oil have been ob- | ained previously in LaGrange County, but have not been sufficiently large for commercial pro-| duction. There are several com-| paratively small producing wells in the northwestern area. An oil and gas boom has bee

underway in Southwestern Totten, FRENCH T0 SEIZE

for more than a year. Many thousand acres of land in that ao have been leased, and a large number of producing wells have been “brought in” in new fields and the

THE INDIANAPOLIS TIMES

Figures in North Side Realty Deal

vy.

A section of the former Stutz property at N. Capitol Ave. and 10th St.

REFUGEES’ WEALTH

was disclosed unofficially today.

! [at Capitol Ave. and 10th St. has 2» (been purchased for L. S. Ayres &

3 Contracts for the immediate als (teration and improvement of the E |buildings have been awarded to the

"Times Photo.

has ordered the confiscation of the |fus, former deputy and importer, fortunes and estates of two of the [were included in a : five wealthiest men in France, it|in finance, industry, journalism and commerce who will be stripped of

list of leaders

The names of Baron Edouard De their wealth under a decree punish-

VICHY, France, Aug. 1 (U. P.).—

time of her collapse.

Rothschild, a member of the noted (ing them for fleeing France at the extension of former producing fields. Marshal Henri Petain’s Government | panking firm and Louis Louis-Drey-

they

$1.50 to $2.75

Table LAMPS

Your Choice

69:

Beautiful lamps, but out go at this sacrifice price! Many styles, colors.

the price of new ON GOOD USED FURNITURE, FLOOR SAMPLES, Factory Soteadlls | oP”

GOOD USED FURNITURE that is RECONDITIONED AND GUARANTEED

at ENORMOUS REDUCTIONS!

We list only a few examples typical of savings offered!

BIG DAVENPORTS

fishes. Look like new.

$18 Studio Couch

Big, size couches with and back.

24" Bedroom Suites—3 Pieces

$-Piece suites or bedroom ensembles with dresser or vanity and bed. Walnut or maple finFully guaranteed.

Matching CHAIRS $34 Values! 2 Pieces!

| Choose from big 2-piece living room suites or davenport | and upholstered chair ensembles. Every one guaranteed.

fuil-

arms

$24 Gas Range

$16

$3 Dining Chairs

$5 Coil Bed Spring

EASY TERMS

ANYONE CAN AFFORD

Small Carrying Charge on, Deferred Payments

ab 28 OPEN FRIDAY NITE

IN? $15 CHA'R & OTTOMAN $9.75 $8 BREAKFAST SET, 5 Pes. 6

R-e-d-u-c-e-d to & Price!

$9.75 Wood Gliders

$15 4

Suspended on chains. Can’t tip. Sub.

Indiana's

Limited Number—One to a Customer!

Largest

RHODES-BURFORD

335 E. MEE LIL AC] 2 Block E. of Courthouse, MA. 3346

stantial sloping wood slat back and curved seat,

Utility Cabinet

$3.95 | Value! |

® 5 Shelves ® 60 inches high ® |3 inches wide ® {0 inches deep Exactly as Pictured!

WALNUT DINING SUITE

8 Complete Pieces § $79 When New . .. Now

$2.75

$3.95 Values

TAB Es

1 17

Exceptional Walnut finished, hand .ubbed and carefully turned!

LAMP TABLE

While They Last!

. ays

Store Selling Good Used Furniture — Reconditioned and Guaranteed

luxurious passenger cars, but dark

3 STUTZ UNITS SOLD TO AYRES

Dearient Si Store Plans Service Center at Capitol Ave. and 10th St.

A section of the former Stutz Motor Car Co. buildings, once the center of production of racing and

| for years, soon will hum with ac[tivity again—but of a different type. The south half of the property

Co. for use as a service center.

William P. Jungclaus Co. of Indianapolis. The buildings are to be ready for occupancy by early fall. The properties involved in the sale include two four-story buildings comprising four acres of floor space and a one-story building approximately 200 by 185 feet. The second, third and fourth

FADER STORE

= WASHINGTON AND DELAWARE STS. ===

floors of the four-story structures of reinforced concrete with yellow brick exteriors are connected by an | enclosed bridge. They will be used as a center for package delivery, bulk delivery, C. O. D. and returned goods, shipping, warehousing of bulk merchandise | and reserve stock, receiving of bulk | merchandise, mechanical equipment | service and repair shops. | The one-story building, formerly the Stutz machine shop, will provide | {a modern flexible garage and de{livery unit housing Ayres’ fleet of | delivery trucks. ! Acquisition of the property, only! {12 blocks from the store, but out of the congested downtown area, | will facilitate the handling of bulk | merchandise and customer delivery, | Ayres officials said. The property was sold by the Reconstruction Finance Corp. through W. A. Brennan, Inc., realtors and | property managers. The considera- | tion was not revealed.

KILLER GETS 5 LIFE TERMS, 20 YEARS

LOS ANGELES, Aug. 1 (U. P.).—| Verlin H. Spencer, the 37-year- ~old | former high school principal who killed five persons and wounded a| sixth, today was sentenced to serve] five consecutive life sentences plus] a 20-year term. Superior Judge Thomas L. Am-| brose, before whom Spencer pleaded | guilty last week, imposed the sen-| tences. Spencer killed five of his tschool associates because he believed {they were conspiring to ruin his {teaching career, | Those he killed May 6 were Dr. George Bush, South Pasadena school superintendent; Will R. Speer, |city schools business manager: John | |E. Alman, high school principal; | Miss Ruth Sturgeon, art teacher,| land V. V Vanderlip, manual arts | {teacher. He also shot and crippled | (Miss Dorothea Talbert, Dr. Bush's |secretary.

ACCUSES ALLEGHANY CORP. | WASHINGTON, Aug. 1 (U. P.) — | The Senate Interstate Commerce subcommittee investigating holding| companies, charged today that the! | Alleghany Corp, Van Sweringen {holding company, purchased Missouri Pacific railroad stock with the] (road's own funds, ultimately caus-| ing a drop in the securities’ value] from $4,000,000 to $200,000. Alle-| | ghany then controlled the Missouri | | Pacific System.

Special! Infants’ Oxfords. Black and tan. Sizes 2 to 413.

Women’s and Misses’

SUMMER SHOES

Sale Priced for Clearance Broken size range—Odds and ends —Counter soiled shoes, that must be sold. WHITES—BLUES—BLACK~—TAN SANDALS—PUMPS—TIES Several tables piled high with real “shoe bargains.” All sizes in both groups.

Special Infants’ OXFORDS

25¢

WASH SUITS

Rugby and Sailor styles—Short and Jot pants,

Frey pair first qualty, but we cannot

Boys’ $1.00 to $1.98

All washable. Sizes 3

Sanforized Shunk, checks, plaids.

Only the Gas Refrigerator freezes with

NO MOVING PARTS!

People who've used others pick THE GAS REFRIGERATOR for their second because they know only its freezing system with no moving parts can assure them of permanent silence.

You can count on THE GAS REFRIGERATOR'S silence, too . . . see the '40 models at our showrooms now!

* NO MOVING PARTS TO WEAR in its freezing system * PERMANENT SILENCE * CONTINUED LOW OPERATING COST * SAVINGS THAT PAY FOR IT

Prices Start At

$124.50 CITIZENS GAS

AND COKE UTILITY

Save Money in This Clean-Up

CURTAIN

COTTAGE SETS PRISCILLA SETS TAILORED PAIRS 49¢ and 69c Values

Just about 400 pairs repriced to clear them in a hurry. The styles are just what vou want, the materials are good quality, they're well made and the price is low.

Men’s Regular $1.00

WASH SLACKS Ie

well made, in oxford.

ue, green an, Sizes 29 to 42

Stripes, back

Maker’s Close Out!

ENSEMBLE

Waist Sizes 29 to 38 Shantung Weave Hopsacking

Sanforized shrunk and washable, full-cut slacks with pleated front and belt. Saddle Sea

stitched collar, two-pocket shirts. green and tan shades.

$5.00 SPUN RAYON ENSEMBLE SUITS

3,000 SHEERS

Because—The Alpena Garment Co., Alpena, Mich., are quitting business— we made a SENSATIONAL PURCHASE of a large part of their stock

of dresses at a drastic reduction.

“Supporto” Shorts

{Ale 190% Combed Shirts.)

seat.

Men’s Reg. $2.94

SALE

Creams, ders, etc.

lotions, powSmall lots,

assorted brands,

Guaranteed 6 Mo.

6 for $1.10

Elastic taped oh crotch, full balloon Shes 6.

SUITS

and prints. lengths. Ya

Wom.s Pure Silk CHIFFON HOSE Sheer and lovely. Made to sell for 39, 22¢ if not for slight imperfections. PAIR .. Famous Brand 25¢c ANKLETS re the name, 1 0c Ideal for school wear. 5 Prs. 49c. Wool and Lastex BATHING SUITS Dressmaker and regular ey, Sod Salo and | 2.95 retail values. Sale priced at ony— Men’s and Boys’ TANK SUITS HA sold for hay. Ditene yarn < Priming. “While Clearance | TOILET GOODS be Reg. $1 Summer HANDBAGS Plenty of whites for summer, also blacks 59¢ and navy for fall. 36-Inch Summer DRESS FABRICS Sheers, percales, ging pu orgie 23d Re 2 to 10-yard $1. 98, “$2. 98 “Sure Fit” SLIP COVERS for Chairs Only Club and wing styles in 9 cretonnes, jaspe and gay stripes

SUMMER

The savings is passed on to you.

EVERY DRESS A 69¢c to $1.00 VALUE

ALL AT ONE LOW PRICE

® WASHABLE SPUN RAYONS

ON SALE Beginning FRIDAY

47¢

® FLOCK AND PRINTED VOILES ___47¢c

® PIQUES AND DIMITIES

® 80 SQUARE PRINTS

COMPLETE SIZE RANGES 12 to 52

This is one of those rare opportunities te buy really smart summer dresses at Bargain Prices. The styles are all “Summer 1940,” including Redingetes and 2-plece Suits.. Ev. eryone washable and guaran. teed fast colors.

Pastels and Dark Backgrounds

CE or gay,