Indianapolis Times, Indianapolis, Marion County, 7 January 1941 — Page 19

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TUESDAY, JAN. 7, 1941

BUSINESS

Agri

culture Department Expects

Higher Farm Prices During 1941

By ROGER BUDROW

FARM PRICES ARE ABOUT THE SAME, on an average, as they were at the beginning of 1940 but prospects are

that they will go higher, believes.

the Agriculture Depfirtment)

Prices now are about 17 per cent below what they were before the World War started. In the months iminediately preceding the outbreak of European war in September, 1939, prices: were about 25 per cent below the pre-World War base.

But part of the increased income farmers will receive from their products will be consumed in higher production costs.. ‘The hog supply ; will be smaller this. year than

last year be-}

cause of jhe low prices rmers received this year, Otherwise the Agriculture Department reports there will be plenty of everything: is Large Junge of wheat potaRoger Budrow toes, citrus fruits, dried fruits, canned foods, truck crops and dairy products are in existence or in prospect. Acreage allotments under Government programs are practically the same as last year. Cotton mills have been spinning at an unprecedented rate but the increase in domestic consumption will not go all the way in offsetting the loss of cotton exports. 8 8 8 THE RAILROADS ordinarily carry their own insurance on commodities they transport because of the huge volume of business handled and relatively few losses. But some of the freight trains nowadays are carrying such valuable loads (ome car with $100,000 worth of machine tools, 35 cars with six million dollars worth of airplane engines) that the railroads are insuring them with outside insurance companies. 2 ” ” ODDS AND ENDS: International Telephone & Telegraph Corp. has sold its entire: interest in the Rumanian Telephone Co: to the National Bank of Rumania for more ®han 131 million dollars. . . . Trade reports say Japan is buying California cotton for use in Tientsin, China, mills. . A new study is being made of steel mills to cdetermine if expansion is needed to build that 300 million dollars worth of 200 “ugly duckling” cargo vessels. . .

tem of grade’ labflling to its full line of fruits and vegetables. . . Bureau of Agricultural Economics thinks 400 million bushels of wheat will still'be on hand in this country when next summer’s harvest begins.

Texas has more service sta- ‘ho

tions than any other state (15,738) against 15,652 for New York, second ranking state, American Petroleum Institute count shows. . . . Wall Street is waiting to see the effect the President’s budget message tomorrow will have on stocks. Last year the average industrial stock went down 37 cents. . Parliament is now considering an insur-

ance scheme providing coverage for |Go d

immovable property (about 30 billion dollars worth) threatened by Nazi bombings. . . . Dow Chemical Co. is introducing a new plastic for woven cane seats on subways, busses, outdoor furniture (and maybe straw hats). ... running at a 100-million-dollar-a-year pace already.

EIRTON STEEL GO. ‘PLANS EXPANSION

STEUBENVILLE, O., Jan. 7 (U. P.) —President Thomas E. Millsop of the Weirton Steel Co. has announced that ‘it will inaugurate a 10,500,000 construction program to nclude installation of a blast furnace and 64 coke ovens to increase "ingot production from 115,000 to between 135,000 and 150,000 per month. Mr. Millsop

{

defense program had interrupted the regular employment schedule at the mill and that all available men wouid be used in the new construction work to keep employment as high a level as possible. :

DAILY PRICE INDEX NEW YORK, Jan. 7 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday aasaens 194.93 Week AZO .....ceer.00v0hee. 12484 Month AZO ......oninvrnv.ss 124.23 , Year Ago 122.67 1940-41 High (Jan. 6, 1941) 124.93. _- -41 Low (Aug. 19) 11242.

{HI TAIT RY MHutual®

FIRE-CASUALTY AUTOMOBILE INLAND MARINE INSURANCE for Careful Property Owners at Substantial Savings

Wa. 2456

sss ssensse

. | 130041500. 13; A & P is extending its A, B, C sys-|G0d—

. The vitamin business is|®

said the need for Bs $ semi-finished steel for the national | 2g

TOP HOG PRICE RISES TO §7.55

10-to-15-Cent Gains Made As 11,000 Porkers Arrive Here,

Prices for hogs advanced 10 to 15 cents at Indianapolis stockyards tcday, boosting the top tp $7.55, the Agricultural Marketing Service reported. . The, active trading lifted prices for hogs weighing 160 pounds or more to 10 cents higher than yesterday. Some weights between 200 and 230-pounds were 15 cents higher. Weights under 160 pounds also were 15 cents higher, The $7.55 top went 10 good and choice porkers between 2:0 and 230pounds. Vealers were sirong at a $13.50 top. The Marketing Servi reported 2687 salable cattle, (183 calves, 11,000 hogs and 2735 sheep.

Top. 33 =

a o

Receipts

Barrows and Gilts |

Good; to Choice {Good 1 140 $ 6.501 270- $66 hol 6.25- §.50 0 00-.330..° 6.20- 6.40 6.10- 6.35

5.90- £8 5.

. 45.70- . 9 6.9 .05| 250- 1600.. 5.75- 5.9 6.90- 7.00] Slaughter Pigs Medium and Goo 160- 200. 6.75- 7.25] 90-(120.. 5.40- ¢

Slaughter Cattle & Vealers fiReoeints; 2687) Steers Yearl! Ry Bi ded)

si 50-14. ph .25-14.76| Gooc.- 7.75- 8.00 17.50- 1.75

i: 25- I 15 Sausife— .15{ Good. 6.75- 1.50

50-14. 6.00- 6.75 rs

Pathing a

Choice— 750- 900 00

900-1100. 1100-1300. Medina... 0|Cutter and.

. 3, 39.22, 50 3.2 colnmon ||| Veale!

: 10: 15-13. 25 1500. 10.75-13.50|

01100, 8.25-10:75 Ss 8.25-10.75

130- 1100. 7.00- 8.25 er Slorne Cattle Steers, Heifers eers oice— (Receipts. 683) -500- 750. 11.25-12.75/Chofce— Goo 9.25-10.00 500- "750. 9.75-11.25 800-1 1050. 9.25-10.00 00(] + apgen Se : i 83) 0! \ )= 750-900. 11.25-12.50 ps os 00d— (= 0 750- 900. 9.75-11.00 edium— 1] 6.50- 17.50 '1.75- 9.75 Chives steers) 6.50- 7.175! 1506 co clown. 9.00-11.00 wi { 500 own , 8.00- 9.00 7.00- 8.00] Calves (heifers) 6.25- 7.00 Goad and choice— 0 down. §.25-10.00 - sided tim— Canner.. 0} 500 | down. %.00- 8.25

SHEEP — LAMBS (Bieceipts, 2735) Lambs

0d 4nd . 12,50-13.50 n ang

500- 900.

Good and choice Medium and

Yearling Wed lhers

Good a ~choice

8.25- 9.00 Mediu

7.50- 8.25

Good and choice cess 3.25- 4.00 Common and medium ., ddbdesses 2.50- 7.50

OTHER LIVE STOCK

CINCINNATI, ® Jan 710 P.).—H Receipts, 3225; active: 3 y 5 igher; sows, 25c¢ Higher; 100-140 1bs., [email protected]; most goad to packing sows, [email protected]. Cattle—Receipts, 500; calves, 250; active, steady. market on all ‘grades; large share of steers and heifers medium grade lightweight offerings from $910; medium and good beef cows, $6.30@%.25; vealers fairly active and generally steady; most good and thoi, [email protected].

S ay 109; active, steady mar-

et; few and Hay | mi %. [email protected]; slaughter ewes,

YNE, Jan. \T (UU. P.).—Hogs—10 ios. - $7. 45: 200-220 3. 30: 16 0-180 Jos 260-280 1bs. ip ibs., $7.

$i 125; cal’ es, lambs,

made that charge in a foreword to a report on depressions released today by the N. A M. He warned that every. effort must be made during the preseiit rearming to avoid policies whicii could cause or accentuate a business recession at conclusion of the einergency period. The N. A. M. report listed 11 of principal fallacies, which they ged have ‘restricted employment, expansion ad industrial reay \ That wealth and income in the oi ted States are hecoming concentrated. 2. That national income’ can be increased without {increasing production. - 3. That wages alone determine a wage earner’s geal income,

DO YOU WANT MORE PEP?

Is Your Liver Inactive Making You Feel “Down?”

Jou, should tty Haag's Liver Pills ee delay. If Jour In liver, he secreting all the bile 1 is because hile flow is not sihisiod suodeintly | |

able at all Ease Quality ' Drug

A Stores in 25¢ Sgn | sizes.

on Everything! “Diamonds, Watches, Autos, Cameras, ~ Clothing, Shotguns, Ete. 6 JEWELRY

UTILITY MARS BIG EXPANSION OF FACILITIES

over 1938. 500

12.00 was off % to %;

choice trucked in}

i tH H i

‘| Power & Light Co. to Spend $5,000,000 During | Year, Pritchard says.

More tian $5,000,000 ‘1s| included in the Indianapolis Power||& Light Co. budget for expansiol of its

H. T. Priichard announc This is in addition to operating budget of mre than $8,000,000 land represents {he heavjest expension budget since 1930 when the Harding St. ; nt was built. i Besides $2,615,660 f installation of a previously anroun fied third turbo-gernerator of 37,500 poundsper hou: capacity and 400,000 pounds-pér-hour boiler t the Harding St. plant and Sections K and W of the C. C. P¢ry plant.

, Additional Substations

Nearly | a ‘million dollays will be spent in iextending, reinfqreing and safeguarc ling the transmijsion' and distribution facilities. This includes additions! substations in | residential areas, where the electr cooking and water heating load [has been increasir:z, and in the bujiness and industriel districts. f Minor construction jobs| each estimated At Jess than $1000 each, will cost the utility something ike $750,000 this year. This incliides running service lines and set ing transformers and meters. Also included in, the Hudget are additional automotive |aquipment and .expansion of steain service lines. 16. Per Cent Incre

President Pritchard | amount (of industrial pow ir required here last year increased 16 per cent over 1939 and almost 4 per cent

se isaid the

The rieeds of residential and commercial customers for | electricity also hive grown substiintially, it was reported. The comjjany’s customers |increased use of electricity 71% per cent in the lasi décade in comparison to a Populstion growth of 6 per cent. :

TRADING IN WHEAT DULL AT CHICAGO

CHICAGO, Jan. 7 (U} P.).—Dullness characterized tradijig in wheat future: on the Board o Trade today. Price changes we¢re of little imporfance. Other gains were fracticnally lower in quiet dealings. At the end of the first hour wheat was olf % to 3 cent, Mily 88. Corn oats ujichanged to off i and rye unchan| ed,

U. S. STATEMENT

WASHINGTON, Jan. 7 (U./P.).—Government cxpenses and recei ts for the current J io) % ah through rj, 4, compared

ith nats ©%5. 5,318.8 819, 696. 38 $ b 884,239,286.09 Receipts 2,978,389,586. i 793, 044,933.64 Gross > 2 2.340, 1430, ’ 1091,204,352.45 et of . 59.93 71, 525, 152.45 , a, ! 8, 456, 972, 053.64 237.423.64 || 3

Custonis. | "186, 950, 736.20

INIJIANAPOLIS CLEAR) Clearix 8 cceoenes saves o Debits | |oensegeeeneecenenines le.

2 CH ICAGO LIVES STOCK

Hog —Receipts, 25, 900; ag live and most5) Ju dady; Ps 3 5 Hie “Food best n | to 00 an 8 bos regio b

choice! 980-250 .35; most 240-270 1bs., butchers, $7.1 @7.30: 270- 310 lbs., averages Renoralt ae 7.15; god packu 1200 Sows own|| mostly $6. lbs." generally :$5.75@6. 9% Catile—Receipts,

@5.75}) 9000; |lcalves, 1200; strictly choice and prime 'stl'ers and yearling st eady: common kinds ylery scarce, unchanged; medium to good] grades, 10 to 15¢ lower; market less acf ve than Monitside account;

e .75; only very: c¢ selling at 3 Jo@s: Jrime Inedium weight held at $15 load}, $14@15, very little Pe Hy and riot 9.757 common and mediu others steady: good to i heifers, $12; some held hig! eral’ steadv: bulls Steady] wi th Monday's declihe: weighty sausage [bulls selling at $7. 50 a. 85 With best at $8 vealers 25c or

{G HOUSE leo. $ 5,288,000 . . - 11,595,000

year ings ) Siro: 0 goad to cleh es Bo packing ear e ) [$10.10 on deck d

$13; ti

bul , fed Western, 0 Bloen 10; top, i] #11 interests. | 2 os

N. A. M. Claims 11 ‘Fallacies ‘Retarded Recovery in|U. S.

NEW YORK, dan. 6 (J. P.)—Re« lovery in the Unit been retarded in recent years hy “certain economic falla in legislation and tli¢ thinking of many important groups, chairman of the National Association of Manufacturers’ the study of depressions, asserted today! : i Mr. Muir, also president and publisher of the maga)

a States Hise lies,” ‘reflected {Malcolm Muir, Committee on

ine Newsweek,

4. That labor gets only a small share of what it helj)s to produce. . That technologij: al -improvemits create unempljjyment. 5. That profits are hot necessary. 1. That economic recovery can be achieved by Governnient spending. 3. That 10 years bf. depression prove that the privjite enterprise system: has failed. i i That eompeyitiof no longer Iso efiective. 10. That the averiige man pays |e little in taxes. 11. That “oversavinzs” in the na~ tion ‘as a whole ce use depressed business conditions. i Stating that it [1s sometimes Suimed that 2 per cell it of America’s fzmilies control 80 ner cent of the national wealth, the {N. A. M. report asserted that not 2 per cent but

|43 per cent control 3 per cent of

a, recent study by ld)r. Willford I. King, presi nt of | £ tatistical “Assoclatio n.”?

RUPTURE,

| THE NEW DOIIBS TRUSS Is BYR ep InAPLEYS

this country’s by “according to.

be put on in on a Does not strut the ruptire. For men, women and chiliiren. Recom=mended by doctes everywhere: Fitted by Factory, Trained Fitter.

| ple

service facilities this year, Lretidein /

standing shipper) M12, P

ithe American |¢

MURRAY SAYS

Can Boost Production 30 Per Cent.

By RICHARD LAMB Times Special Writer

PITTSBURGH, Jan. 7.—The basic steel industry can turn out almost

nage as it is producing under the stimulus of war orders without the construction of a single additional mill, in the judgment of Philip Murray. This view of ‘the C.I.O. president, though it collides head-on with those credited to President Roosevelt and expressed by staff members of the Defense Commission, happens to coincide with those held by a substantial number of steel makers who have been left out in the cold during the Government's buying spree. “Steel production is lagging 30 per cent behind the tonnage possible with the men and furnaces already available,” Mr. Murray said in an interview. “Until this slack|g is taken up, surely talk of expanding productive capacity is premature.” Survey Under Way

steel and more steel, in Pittsburgh, steel centers, says Mr. Murray, open

at the scratch of a pen, according to a plant-by-plant survey the |S C. I. O. chief is conducting. Results of the survey are to be made public in two or three weeks. The Government would break the supposed bottleneck in ingot production to meet the defense emergency by building more mills.

dollars of Federal money last month for this purpose, yet the new equip-

steel before June, 1942. “If this is, indeed, an emergency, and not ‘business as usual,’ why

use of money for plant expansion?” Mr. Murray asks. “There is ample

quirement if contracts are distriputed equitably.” |

Says Bethlehem ‘Favored’

This goes back to a charge hy Mr. Murray two weeks ago that fewer than one-third of the 12,000 companies capable of filling national defense orders are sharing in the program. Only 30 per cent of those companies have received orders from

; the Army or Navy, he said, and

“one of the large favored corpora-

ous volume of defense business that it finds itself unable to complete its present Governmnt contracts with-

ein the next three years.”

The “favored corporation” is Bethlehem Steel, which has 1% billion

. | dollars worth of Government orders gon the books.

Seeks Contract Mr. Murray’s concern over dis-

ly in the interest of the smaller steel companies. As chairman of the Steel Workers’ Organizing Committee, he has been studying fox three years the dislocation of man=power through substitution: of machine power. Each new mill not only aggravates that condition, but it encourages a shift of population from “ghost” towns to the steel centers where the new mills are built. De-

ghost. Also, Mr. Murray has an all-out campaign under way fo organize the Bethlehem mills, which dre not. under S. W. O. C. contract and which have been “found guilty” of violating the labor laws. ‘That could account for much of his dis-|N pleasure with Bethlehem’s success in the War and Navy Departments.

FOOD PRICES

MolcACO: Jan.

Carrots — California, i ttuce—Arizona, crates, Sweet Potatoes—Tennessee, bu. [email protected]. Onions vo es, $5080. a: ay Thc: di ha yer: |B Cc: Hoag BK 36: ans yellows, T5¢: Mi in Colorade sweet ‘Spanish,

LOCAL PRODUCE

Heavy breed hens, 12c; ‘bareback hens,

11c; 5 3 r a te Rock springers, 13c; "other colored Nain breed springers, 13c: Léghorn springers, lic; barebac spring ers, x de A iurge 6c. "gy x di ana Grade arge e ¢; Indiana Grade A mediu rhe, TE

t No. 33 @32c. Butterfat—No. 1. 30c: No. iCountey , Pickup prices Ri "by ‘the Wadley C

FOREIGN EXCHANGE

NEW YORK, Jan. 7 (U. P.).--Following are noon cable rates on major currencies: 0a nle Rates. Net Bnglane 08 anada 86

ft and (ma ar . 3witzerland (franc) Sweden (krona) japan (yen) Mexico (peso) ra

ETT TT

Wi 1/2/, 1% chil 227

AT QUR ME

Ccnns

{OW PRICES

OUTPUT i =

C. I. 0. Chief Claims Mills}

one-third again as much ingot ton- [4%

In Washington, the cry is for|soh

not. put our existing facilities to|Sen work before going into extravagant|G

capacity to meet every known re- G

tions has secured such a tremend-|;

fense contracts could lay many a Nat

Worker is shown taking a reading of the heat in an open hearth, using the highly sen-, -photo-cell instrument, in one of the

sitive several plants of the U. : employing the device.

e Bank Note. 7% Bk Note of 5 Br Shoe 7%

n Ano onda TVs A Del pf 11% Armour Im a pf 9% * 9

Asso Dr i

AIO. Fo At] Refining .. Corn. . 5%

Atlas Aviation

Can Pacific .. Caterpillar T.. Cent Aguirre .. Cerro de Pasco Certn-td 6 pr pf 3% hain ns ee a Climax May oo 29% Colgate pf --101%% Colum Gas 4 Col Pictures. . 6% Com Credit ... 307 Com’ Inv Tr.. 63% Comwith & So..13-18 Gomvith & 5.01 4 ons ern Bdlson.. 2273 Sons Edison. pt. 107 Fim .... %

ons Oil Cleveland, Youngstown and other|Sont Oil Del hearths are prepared to furnish it cat

ory Crane Co cv pf. ns Wht.

eee 18% Crucible St. ..

. 45% —l « 38% 28% 17% : 18 Va © T8Y% —— 33

18 rE

Diam Match . Dis a Douglas fire". .

Elec Auto-L ...

Bethlehem steel got 22% millien Eng PS 5 pf

ment will not be ready to make 5d Bh Phe 0

39%

36 21% 32 35 6% 14%, 15-16 Gt North p 26% Greyhound Cp . 11 11%

Baz Al At Gl .. Horna = Sn .8%

Howe Sou «3 Hudson Moos | 4%; nf

. 24, i. 35% 3

24%, 25% a0Y, 2%, 2% 13 3% Te ‘ee 86 36 37

« 37} & B. 29% (29 wR

Jacleds G pf... 20% Lee Ru £28 Vv foal pf.. 3%

ran

Int T Int T&T For . oe 3% wl

arvis Co..... 13% Jewel Tea ceees 41

Kennecott .. Kimberly Cik.. Kroger G &

20%, 2

3% 2 21Y 5

tribution of contracts is not entire- |1or

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ash-Kelv Cash

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20 387% 129% 8Ys

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N. Y. STOCKS

D ¢RESS

DOW-JONES STOCK AVERAGES . 30 INDUSTRIALS Yesterday ...cocueee “oanenes 132.83 Week Ago ....... essaseseses 131.13 Month Ago ... eees 131.37

“+0.43 +0.09 -—0.09

i, | Year Ago

High, 1940-41, 152.80; low, 111.84. High, 1939, 185.92; low, 121.44. 20 RAILROADS Yesterday Week Ago Month Ago Year Ago High, 1940-41, 32.67; low, 22.14. High, 1939, 35.90; low, 24.14, 15 UTILITIES Yesterday ...cocucfaee eesene Week AZO ....coosvasicccnes Month Ago ... 4 . Year Ago High, 1940-41, 26.45; ow, 18.03. High, 1939, 27.10; low, 20.71.

~ Net Last Change %

0 sees South’ Ry y

Sperr Spiegel Inc

Inc pf.. Brands ot 111% 1 Oil Ind... 26% Oil N J.... 35% 28% . 8% . 2%

{p, JS5

39% 39% .3e” 0

Timk-D A ew . §e Ya

28% . 43

11+:

DAH

Jalworth O |

A Sh 6 Nes 18% 1815 esting 103% 123% Wheel Steel . 1434 A Wilson & Co,.. 4% Wilson pf Woodward Iron. 33 34%

Worthing pr ‘pt 55 i, oo 167%

3% 67% 33 34% 55

& ht

I++ LL + HE 4

Yellow Tr ... Zonite

18% 2%

16% 2%

STOCKS DECLINE IN

«LIGHT N. Y.. TRADING

NEW YORK, Jan. 7 (U. P.). — Stocks declined fractions to more than a point today in light turnover. J} The recession was explained as a purely techf¥ical one following 11 days of rise in 13 sessions. Chrysler lost 13% to 69% and Union Carbide had a similar loss at 69%. Other declines were fractional, U. S. Steel sagged to 68%, off 5%; Bethlehem Steel, 863%, off %.;. Douglas Aircraft, 78, off %; International Harvester, 52, off %; American Airlines, 57, off %; Phillips Petroleum, 40, off 5%; U. S. Smelting, 632, off %, and Goodyear, 19, off 1. Copper shares held ‘around the previous close. Mail order issues were sustained by favorable sales reports. Sears Roebuck’s December sales were 16.3 per cent over a year ago and Montgomery Ward showed a gain of 7.3 per cent. Other favorable business items included record telepliories for the Bell System, higher car loadings reported by individual roads, high rate of steel operations and prospect for a reduction in the price of steel scrap.

TYKLE IS ALLISON PLANT ENGINEER

The .appointment of Fred G. Tykle, Anderson, as plant. ~engjneer

‘lof the Allison Division of General

Motors Corp. here was announced today by W. G. Guthrie, Allison works manager. Mr. Tykle, who began his services

» | here today, has been in the en-

gineering department of the DelcoRemy division of General Motors at Anderson. ‘

To Exporters and their Advertising Agents

What are 19 you dain about PANAMA? The building of d of locks is bringing large numbers of new workers - skil pe unskilled, proational dey e

mwnil new Souces SU SIN

BE ieeaned most important news. paper, has gained and holds its come anding lead by its progressive torials, excellent reporting of loca! news, its complete covergge of world and Editors

| josHua 3. POWERS, INC.

Publishers Represenlalives § 220 East 42nd St. New York City

[RHR [RA VHHONL

[] CF] HIB ITTTRITHTHTR

7% heat in. three was lost, the device 1 has been found so effective that not a single hedt has been lost since use nd

-la considerable time saving and

2 | economy. uniformity in|}

S. Steel Corp., now

PAGE 19

WILSON NAMED

‘NEW PRESIDENT (OF G. M. CORP,

Fills Position Vacated by

Knudsen’s Joining Defense Group.

Charles Erwin Wilson elected presitent of General Motors Corp. succeeding Defense Commis~ sioner William 8. Knudsen, it was announced today. Mr, Wilson has been acting head’, of the automobile company since ' last June when Mr. Knudsen ob tained leave of absence to take charge of production activities =

:|the - Defense -

EFFICIENCY OF MILLS BOOSTED

Two New Devices Measure Temperature, Effect Economies.

By E. K. TITUS Times Special Writer Two new temperature-measuring devices which “see” the degree of heat today are enabling United States Steel Corp. to increase the efficiency of its open-hearth furnaces, effect new economies and speed up its work for the defense program. The first, a tube six or eight feet long, two inches in diameter, has a photo-sensitive cell, or “eye,” which, by measuring brightness of melt in an ‘open-hearth furnace, registers the temperature on 3 chart more accurately than possible with the human eye. A stream of compressed air keeps slag out of the tube. The chance of spoiling a heat of steel is reduced and other economies and advantages result. Through study of the charts produced the ideal temperature schedules for making the best qualities of given steels are being sought. |

Eliminates Entire Loss

In one plant, making a certain kind of steel, where formerly one

of the device. Since a heat consumes 12 to 14 hours, this represents

Creal quality of product is obtained. Formerly, in this plant, there always was plenty of scrap, due to loss of so many heats. Now the scrap pile has been used up, and the plant is turning elsewhere to fill its own needs for it.

tion, and is being put in as fast as the instruments can be obtained and installed. It means a higher percentage of satisfactory material. The temperature of the molten steel formerly was judged within 10 to 20 degrees by its brightness, by the'eye of a skilled worker. The new device is accurate to within a few degrees at temperatures around 2900 Fahrenheit.

Sensitive to Light

A second similar device, sensitive in some instances to light .and sometimes to heat, sees” the degree of brightness or detects the degree of heat inside the silica-brick covering of an open-hearth furnace.

It automatically "reduces the fuel feed through an electric relay controlling the valves, if the hrick becomes so hot as to create danger of burning out the roof. It thus becomes safe' to run the heat up to within 50 degrees Fahrenheit of the softening temperature of the brick. Without this accurate measurement, workmen would fear to let it get so hot. Through safe maintenance of these high temperatures, the time required for a heat is shortened, and the number of heats possible in a given t'me increased. Roofs are burned out less frequently, the life of a roof being increased up to 50 per cent. Valusble time used ’'in repairs is thus saved. Both devices were developed by the staff of United States Steel's Kearny, N. J., research laboratory, under Dr. John Johnston, .in ‘collaboration with the plants.

Epidemic “of Cold Symptoms

666 Liquid or 6668 Tablets with 666

The device now is being used in $ eight or ten plants of the corpora- N

FOR JEWELRY

Commission. Knudsen later resigned his General Motors position in order to avoid any possible conflict of interests. The new General Motors presi dent has been with the organization since April, 1919, when he left the Westinghouse Electric & Manu«

gineer and sales manager of the automobile division of Remy Elecw

derson, "Ind. Mr. Wilson was elected a vice president of General Motors in De-

executive vice president of the corporation on May 1, 1939. He is a member of the board/of directors and of the policy and administra« tion committees. Born at Minerva, O., on July 18, 1890, Mr. Wilson obtained his elec= trical engineering degree at Carne« gie Institute of Technology in 1909,

first automobile starting motors made by Westinghouse in 1912, °

LOCAL ISSUES a = based: on bly tn [bar tasions

Stocks sia Agents Finance Co sete Belt RR & Stk ETOP coal: oth

ind & jd Gen Se. 3 Tod Qas'co Elec 774 bid!’ Hydro ec, ae hel Si gn a [ndpis Water ’ 2 Eerie rv N Ind Pub Serv ’ rogress aun Pub Serv

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com". eee 8

T% pid

Co com... Van Camp Milk pf Van Camp Milk com ...ee00e Bonds American Loan Bs 51... s=Sanaie American Loan 58 4 Citizens Ind Tel es ‘8i.. Home T&T Ft Wayne 5%s. ..103 Crabbs-Re vids. Tavion 5s 43.. 91 Home T h go Si

] Wat Kunner 0 Water W od s 5&10 Store

| Co 4 Richmena water Wks 58 87.. Trac Term Coro bs 87 Ex- dividend.

WAGON WHEAT oll Nahapolis qrain elevators ar e Daring 1 wheat, 85¢; subject No = shange other grades on their merits. No. 4 Sew vellow shelled 4 te shelled corn. 0 2 white oata. ate

‘For MEN who “give a dam” about themselves —

A New Cream Deodorant which safely Stops Perspiration

4. Keeps under-srms dryfor 1 to 3 days AND prevents unde:- - arm : 2. Saves shits from odor, stains and rot caused by petspication. 3. Takes but halfa minutetouse. "4. A pure, white, greaseless stamless cream which vanishes instagftly. 8. Arrid has been awarded the Approval Seal of the American Institute of Laundering for being harmless to fabric. 25 MILLION jars of Arrid bave been sold. Jesajattadayl

At drug stores 10¢ stores

39% ager

Salve or 666 Nose Drops generally relieves cold symptoms the first day.

stores and (also in 10¢ and 59 jars)

129 EAST MA

Indianapolis Bond and Share Corporation

RKEY STREEY

SAXOPHONE Instruction

INDIANA MUSIC CO. 115 E. Ohio St. Li. 4088

Lusson

Men's ‘And Women's . ‘Clothes

ELINED EPAIRED

WHILE THE REST Tae "THE TOWN SLEEPS

HAAG'S ALL-NIGHT DRUG : STORE 224 and Meridian

NEW YORK, Jan. 7 (U. P).—= has been:

facturing Co. to become chief ene

tric Co, a G. M. subsidiary at An« :

cember, 1928, and was appointed ° 3

and is credited with designing the

ee CE TRE = Syrye