Indianapolis Times, Indianapolis, Marion County, 24 January 1941 — Page 14
BUSINESS
Six Indiana Banks Are Among the 300 Largest in the United States By ROGER BUDROW —
SIX OF INDIANA'S BANKS ARE AMONG the 300 largest in the nation, according to comparisons made *by * the American Bankers Association on the basis of deposits
THE INDIANAPOLIS TIMES. Indiana Bank Debits Advance
reported by the banks on Dec. 31, 1940.
Of course. the largest bank in the United States is the| huge Chase National in New York with deposits of more The famous J. P. Morgan & Co.] Altogether the nation’s 14,900 com-
than 315 billion dollars. ranks 15th on the list.
mercial banks have a “war chest” of 77 billion dollars (in
deposits) available to financ The Indiana National Bank is the ~ B8th largest in the country with deposits of $144,777.787. It switched
places with the Bank of California at San Francisco which was 58th last year and now is 57th.
American Na-}
tional Bank is listed as the 155th largest with deposits of $46,797,009. It moved up four places from its 159th notch last
year: oH Next, in 169 Roger Budrow place, is Lhe Fletcher Trust Co. with deposits of $43,130,846. It was 168th last year. Merchants National Bank is in 179th place with deposits of $41,037,861, compared to 183d last year. A Ft. Wayne bank, the Lincoln Nattonal Bank & Trust, is next in 279th place with deposits of $24,538,561. It ranked 266th last year. Union Trust Co. at Indianapolis was 296th with deposits of $22,262, 498. It was in 188th place last year. s ”n ” ‘HOW CAN the big steel companies make more steel (as the Government wants) without building new plants? Jones & Laughlin Steel Corp. pointed at one way today in announcing that three large steel companies have been licensed to use its patented Bessemer flame control method of manufacturing . steel. Photo-electric cells and recording devices are used to determine when the steel has “cooked” long enough instead of depending on the skill of a man’s eyesight. Thus, says J. & L., it isn’t necessary to “recook” many batches of steel that weren't judged properly by human eyes. ” ” ” A SECOND BANK (the Homewood of Pittsburgh) is going to quit paying interest on savings accounts. A Chicago bank was the first. The Pittsburgh bank president urged depositors to withdraw their money to invest it in national
defense loans. Why? ‘Sooner or later all in-
vestors will be asked to help finance | fom
- the defense program and banks would be forced to investments to permit large with-
drawals by deposits, said President ind And by not paying)!
H. G. Nevin. interest, banks can get ready now ‘for the depression that will follow the boom when the U. S. begins to pay for armaments structed now, i added. " ODDS AND ENDS: President Joseph W. Frazer of Willys-Over-land Motors says the motor industry still has a tremendous unused pro-
duction capacity for making some- . thing besides automobiles. . . catur County has been allocated 11,814 acres for growing sugar beets under the Agriculture Department’s payment plan. . . . Bendix Aviation Corp. reports it has more than 200 million dollars worth of orders on its books. . . 1059 listed and unlisted stocks on the N. Y. Curb Exchange were worth (market value) $8,612,037,861. ‘Mexico is expected to buy £00,000 bushelns of U. S. wheat to make up for its smaller crop. . . President Charles E. Wilson of General Electric (using two telephone networks) told members of his company that G. E. has millions of dollars worth of defense orders “but, when translated into normal commercial profits, may mean little or nothing—and that’s all right with
liquidate their |?
being con-|;
. De-|Ho
. On Dec. 31 all the|N
e the defense program.
STOCKS STAGE SMALL RALLY
Some Leading Issues Make Slight Gains After Early Slump.
NEW YORK, Jan. 24 (U. P.).— Stocks fluctuated narrowly in afternoon trading Jtoday with dealings light.
late morning, but prices came back in many leading issues and some registered small gains, Chrysler rallied to 665 up @ 's from | the previous close and up nearly a point from the low. Bethlehem rallied to a % point rise at 84. TU. 8 Steel recovered, part of an loss of 3% point,
can Smelting, | Chesapeake & Ohio, Commonwealth | Edison, Genera! Electric, International Harvester, International | Nickel, Montgomer:’
and Woolworth. Automobile | production dipped slightly from [last week’s total, ac cording to Ward's Automotive Reports. It was high enough, howgve:', to cause Ward's to revise. upward for the second| time its January oui - put estimate. | Several other favorable items were in the news, ir.cluding announcement the nation’s steel companies will spend $282,000,~ 000 for new productive equipment in 1941, and high volume of reteil sales which this week were 8 to .l4 per cent over|a year ago.
LOCAL ISSUES
The following quotations by oy the Ingllanapolis Bond & Share Corp. do not tep:e-
indicate arket !lerel based on buying and selling Quotations of recent transactions Stocks Bid Agents Finance | corp com. TV It RR & Stk| Yd 6
the approximate
=
NNN
= NN
. WN
nd G&L 4.8% Terre Haute Eiec “8% ofd.. Union_Title Co | com Van Camp Milk pi Van Camp Milk com
Bonds
American Loan 5s 5i. erican Loan 55 46 . fHizens Ind Te) 48 Home T&T Ft Wayne Sv Crabb-Reynolds-Taylor 58 *aal. me T&T Fu } aime Assoc Tel Co pls P&L 3Ys pls Railway inc 6s & pls Water Co _3%s Water 13% % ga.
BROAD OHE Tse
os
nd
an hs Sl dh ft fd
Roos tb
CSRS SEEES
- So: - Sw:
+..100 ee. 104% 97 106%2 eee 89 10672 .100 . 104%
100 108%2 60 1082 Pub lel Co 4'as 35 103 Richmond Wafer Wks 5 iy 58
Trac Term Corp *Ex-dividen: gd. |
LOCAL PRODUCE
Heavy breed hens, 12¢; bareback hens, 1lc; Leghorn (hens, ‘8c; bareback Leghorn |W hens, 7c; Baried and ite Rock soiringers, 3c; other colored heavy breed &iringers, 12c; Leghorn springers, 11c; baiebac springers, 8c; | old roosters, 6c. Indiana Grade A large BES. ig ts diana Grade A mediun nm e8g", ; ana Small Grade A and eggs, ¢ grade, e, 5 Butter—No, 33@33'2c; No.. 31'ac; och No. 28¢c; No, 2, (Country pickup prices quoted Wadley Co.) |
8
no 31@ Me. I'y ‘the
TRADE-IN YOUR
Ovely a Few.” BETTER HURRY FOR THIS INNERSPRING
OLD MATTRESS
and Your Old Mattress
A
+
1
o
20 ! 1954
1932 9.33
Nek High Low Last Change —r— Allied Shem . 1158 138
Am& FP 2 A ews
/2 Ld 12 UA A
3814
Am Rad & 8s Am Ship She. . Am Sm
bs ie 38%4 oe Va
5
Am | Atchis
B The list had been depressed in
carly ¢
Small gains were noted in Anieri- &s
Ward, Standard Oil (New Jersey) 0 Con: C 8
sent actual pricg of a but mer ly | Ge en kl
Am 5( XL Ya
ATC tine... 16% "(14
| %
i Ya
Bald Loco £6 ae Balt & Ohio
1 Ya Js Miia i Va
Ys
Boeing Air .... Borde en
Bush Term ...
Carriers & Gen Celanese pr pf. 3 Celotex Cerro Xe Pasco ais Chi Pneu T . Chi Pn T cv pf 3’ Chrysler 664 Col Broadcast A A 2
” [od —-03 BRAN Ba ==-1 CIID DL SES
a B® NT
Cons Aircraft .. Cons Cig pr pf. 109 Cons Connernms Cons Edison ... 29% Cons Edison pf.106% Cons - Oil 5%
lb bl aE 1
Cont Mot Crane Co cv pf. 10504 Crown Zeller .. 14% Crucible St .... 4 Curt is Pub Curtiss-Wr .... Curiiss-Wr A .
Diam Match .. Doehler D Cast. Dome Mines ... Douglas Airc ...
East Air Lines. . El Pw&L $6 pI Evans Prod .
Fajardo Sug ...
Ant Inv... Tr... Electric .e Motors ... 437 Mosops pf. 125% t Adv... 4la
BW Le
FAs 00 UWB
ERR
—_ Aes
awe
—
178 1135 nfl -139%4
G Oh Gu i & Oh pt.
Ham Yaich . E..
3 wal
Bzod, 108 3
Howe Sound .
Ingersoll
. Tr h 3 Lorillard pt ...162
Macy RH ves Ma ine.) Mid . 24 i YL p
Marehat Ma{hieson eien
Mont Ward ...
Naf Nat
Biscult vee
Reg. . oil
ToSpeedUpT
Radio, which gets along very well without wires, soon will become a “good right arm” for the Indiahapolis Power & Light Co. in maintaining service over is thousands of miles of electric wire:. Early next month, the utility will begin operating a modern, ultra short wave radio syitem providing instantanecus two-way communication. between a central station— WIXBQ—and the company’s service and line repair trucks in the field. The new system, available only for an emergency endangering life or property, will be of particular velue in dispatching service crews without delay to repair line breaks tying up work at national defense plants. ‘When it is in operation, it will be possible to contact Ifeld crews, no matter in what part of the county they may be working, and dispatch them immediately to the scene of a power line break. Orice they arrive, they can radio back 7 headquarters the extent of the damage. Speeds Up Service Recently, a break occurred &bout 1 a. m. in a power line supplying an important industrial plant| here. The time required to contact an emergency repair crew cruising in the general vicinity: of the plant
Defense Aid |
Walter D. Binge: of New York {has been appointed head of the ‘new National Teclinological Civil Protection Commitiee, a of
engineers to study 7
*y. {Nat Dairy .... Nat Distillers... Nat Lead
-!"% |Phillips Pet ... 37% G pf
, | Pure
, | Seabd
41 Young 8 & W.
| heavy-duty line repaif trucks ere . | being equipped with two-way radio |sets. Eight other line repair trucks
{tion and receive a license in order
‘| central station at the Morris St.
-|erations, and Birely: W. Whaley of {partment. Mr. Whaley holds a speE stators. license.
1935 1936 1937
DOW-JONES STOCK: AVERAGES
Yesterday Week Ago Month AZO ....coovvennannse 129.51 0.49 Year Ago y 146.61 --0.32 High (1940-41), 152.80; Low, 111.84. High (1939). 155.92; Low, 121.44. 20 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 Week Ago Month Ago Year Ago . High (1940-41). 26.45; Low, 18.03. High (1939), 27.10; Low, 20.71.
Net Last Change 13% — 22% 17
+
High 13% 22% 17
Low 133 : 23% is
1938 1939 1940
Debits in Indiana banks during December, reflecting the seasonal peak in retail trade, rose 9 per cent above.November and 9 per cent above the previoms December, Indiana University’s Business Research Buresu reports. Of 24 cities reporting, only one failed to show a gain over November and only one ¢ falleq to surpass the December, 1939, level.
N. Y. STOCKS
By UNITED PRESS
[PRICES ON HOGS RISE 25 GENTS
Top Boosted to $8.75 as 7664 Porkers Arrive At Stockyards.
A 25-cent advance was made in hogs weighing more than 160 pounds at the Indianapolis stockyards today, the Agricultural Marketing Service reported. : . The top was boosted to $8.76 for good and choice 220 to 230-pound-ers. A reported 392 salable cattle, 391 calves, 7664 hogs and 690 sheep
were received.
HOG PRICE RANGE Too. Bagelgts
Amn Avn... 16 Paciic .... a
n RR Pere. Mat pf.. Phila Read C I 5-3 Philco Corp ... 11%
Proct & Pub Serv
oO 6p
Quaker St Oil.. Reading .. .... Reliable Stores.
Republic Stl Rustless I&Stl..
Savage Arms . Oil . Servel Inc Sharp & D « | Socony- Vacuum. th Pac
& Co..... 23%
Ten 83 Texas CH Prd Tex G Sul. Timk-D Ax . Trans & W A.. 15%
Union Carb.
v Ss Steel of .
Wabash Warner Br pf ..
. Ves Oli & 8 es |W Pa
El 6 W Pa El Tp West Union ... Wilson & Co .. 5Ys Woolworth 32% —y 13% 12
Yellow Tr .... 13%
Fower & Light s 2-Way Radio
rouble Shooters
delayed operations at the plant considerably longer than would have
been available, said. Installation of the radio system here marks the debut of the muchdiscussed new frequency modulation
company officials
iadustry. Several other utilities throughout the country have radio communication with field crews, but the Indianapolis firm is the first to use this new ultra short wave invention which assures static-free communication.
tude modulation” system. The principal advantage of the new system is that it is virtually free of interference, or static, whether of natural or man-made origin. This feature is particularly valuable to electric utilities, which are frequent sufferers from storm dams age. Besides tearing down electric wires, storms usually make ordinary radio reception difficult because pf the static they create.
ris St. administration building, where finishing touches are being as placed on a transmitting tower extending 218 feet above the roof.
Workers Go to ‘School’ Eight “trouble” trucks: and two |
are to have receiving sets only for the present. Similar sets will be installed in two: supervisory cars. Later, other equipment may receive two-way sets. Approximately - 60- of the utility’s| = employees are going to *school” to learn how to operate the sets. Each must pass an examina-
to operate them. Supervising the installation of the equipment in the trucks and in the
plant are William 8. Cronin, Power & Light Co. superintendent of op-
the utility’s meter ‘and relay decial commercial radio-telephone op:
i> 4
x | Good to Choices 20- 140
Beef— Good
been necessary if radio service had |C
radio communication in the utility
It replaces the ordinary “ampli- | Me
WM D000 3 235355
-F on
Barrows and Gilts
9090000050 90 8909-3» S Se DONT INO ID we
® 009990
9 00%0000000000000:3 WW NWI
2 on
Backing Sows to Choice— 300
Slaughter Pigs Medium and Good—
Good— 500- 750 [email protected] Choice— 750- 9 [email protected] [email protected] [email protected]
7.00@ 8.50
1.25@ 8.25 ine 8.50 7.25 6.50 HE 5.25
(Yearlings excluded)
Bod su sushies sss ie sttuanes a 7.50@ 7.75 Medium / y Cutter and common .. Vealers
Good and choice Eommon and medium Feeder and Sto Stocker Cattle
siren 3901)
[email protected] [email protected]
[email protected] [email protected]
Calves (steers) Good and choice— 500 down [email protected]
Good and thoice. Negum and good Comm
Yearling Wethers Good a and. choice
Good and choice Commen and medium ..
bs. dow! in Kinds
CHICAGO ‘LIVESTOCK a Of Receipts, 6000; acti ve and 10c to Cs! her; mostly dnd “eho to 20c up; top, fi { - b. butchers, generall 8.30: most 300-350-110 average, $1500 8.1 at smooth, Te Sows oH iis, 000; sheep, 300; §Snetal srade -very dull; no reliable outt for medium to ade ' steers
ice “180-240 1bs., .25@8. 40: 5 400 sthy -$ 425-500 usually, Vien ttl 00 especially Ay Ring:
Headquarters: for the radio ' op- i eration will be at the utility’s Mor-
ow elanty bulls as much pros foods share today's Steer crop Ww ken — park
Receipts 3000; late Thursday: = amos 10c to 15¢ lower; ori rene al igs, Hiblsat so several °188.10 108Dy avers ages, B todas a fat Jearlings odes © t Ss Bd ete
ig lambs- to 9 to 103 action on
WAGON WHEAT
Indianapolis grain el for No. 1 Whes t,o red subject A ant change; ot sibel rades tes Ga their merits merits, Sah
Sic: LAR, ilo y white ed corn 5c: oats. 33a
7.150 8.28 |p
bs. 7.500 8.50 $6.
NEW BUILDING
HERE PICKS UP
Volume in First 3 Weeks of Month Doubles 1940 Record.
‘The first three weeks of January brought a rush of new building to Indianapolis—twice as much as in the same period of 1940—City Building Commission records. show. New censtruction permits issued this month total nearly $500,000, compared.with $210,000 in new valuation in the first three weeks of last year. Business building permit valua-~ tion totaled $60,050, residential construction was $145,900, alterations and additions added up to $115,924 and fees alone totaled $2264. Reairs and other installations accounted for the remainder. Two major commercial expansions were a $125,000 alteration to the L. S. Ayres & Co. warehouse on Pearl st. and the construction of a $30,000 building by the Universal Film Exchange Co. at 517 N. Illinois St. The Zoning Board will meet Monday to review petitions for new construction totaling about $30,000. Because these building projects do not sonform to existing zoning rules, they must be approved by the Board which has the power to grant a variance to the zoning law. The Standard Grocery Co. broposed to build a retail store with parking facilities at 2170 S. Shelby St. Cost of the proposed structure is estimated at $20,000. Other petitions were filed for a $1500 storeroom building at 833-37 English Ave, the conversion of a residence basement into ‘a beauty shop at a cost of $5000 and the erectioh of a machine shop at 56C N. Elder Ave.
om WHEAT SELL
HIGHER AT CHICAGO
CHICAGO, Jan. 24 (U. P.) —Fullness characterizes trading in grain futures on the Board of Trade today with prices showing gains of a minor fraction of a cent. At the end of the first hour, wheat was unchanged to up Zc, May 86c. Corn was up 13 to lc;
»
Vice Presidents
J. Albert Smith
Francis J. Moore ”
Fidelity Trust Co. Names. Smith, Moore to New Positions.
Two vice presidents were added to the Fidelity Trust Co. yesterday at the annual stockholders and direc-
tors meeting. J. Albert Smith, who has been
” ”
oats unchanged to up lsc; rye up| 14 to 3c and soy beans up 3% to 5c.
BUSINESS AT A GLANCE
By UNITED PRESS Abitibi Power & Paper Co. Ltd, 1940 earnings $7,804, 32 vs. $3,450,-
- {594 in 1939.
Procter & Gamble Co. December {quarter net profit after Federal] income taxes and other charges $5,020,035 equal to 76 cents a common share vs. $7,634,607 or $1.17 year ago. Reading Co. 1940 net operating income $13,460,806 vs. $11,931,004 in 1939.
DAILY PRICE INDEX
NEW YORK, Jan. 24 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100). Yesterday ....ccooveceesencsres Week Ago . 124.67 Montht A20 ..occonseesees or 124.54 Year AO ....ceccse00s ise 120.59 d
"OTHER LIVESTOCK
IN CIN A: Jan, 24 (U. P.).—Ho Be 28 ; trade active on ano S0WS, is cents hi he -180 1bs., $8.55; steady on 100-160 50@7 .85; generally asking
124.17
ess ess essssnnrree
cae REL 475; calves, 200; weather conditions oidmg supply down; few lots COTO and medium heifers and steers, [email protected]; odd head canners down to $6; most canner and cutter cows, $4.75 @6.25; odd - head common and medium beet cows, $6.25@17. a: vealers, fully steady; good and choice. [email protected]; few head selected choice, $14. Sheep—Receipts, 100; market steady with very light a: good and choice lambs, $10.50@11; i and medium slaugh-
ter ewes, FT. W. P. oot 1o
. y 5; ; stags, $5.50; calves,
a %: Roughs "$10.25.
NEW YORK, Jan. 24 (U. P.).—Following are noon cable rates on major currencies: gable Net d Change England (pound) Canada (dollar) Italy ra) inlan arkka Ln 8 franc) $ d arm a) Japan (ven) Mexico (peso)
U.S. STATEMENT
WASHINGTON, Jan. 24 (U. P.).—Government expenses and receipts for the current fiscal vear through Jan. 22, compared with a Jour a
+-35.9 260; “or iis. 33 3 3 « 3 169, 688
Last Year 1,4: 1188.37 ,170,541.86 ,646.51 3,3 os
Gold Res. .22.089.304.671.95 17,842, Customs .. = 181,834.834.31 204,32
0, 2,3 INDIANAPOLIS CLEARING HOUSE
Fine Diamonds
Below Actual Cost OUR PERSONAL GUARANTE AND BEPOTATION 18 SS UR: ANCE THAT YOU CAN BUY . HERE WITH CONFIDENCE! Removal Sale! Specials HUNDREDE® OF OTHER ITEMS IN DIAMONDS AND WELRY NUMEROUS TO MENTION. RANGING IN PRICE FROM $1.00 TO $1,000.00.
306-10 INDIANA ONLY ONE ANS YE
MORTGAGE LOANS To Buy, Build, -
your property on
FHA LOANS
We will be pleased to discuss your financing problems with you.
THE UNION TRUST COMPANY
Capital ‘and Surplus, $3,000 Member—Federal ‘Deposit - Insurance Corporation.
or Improve convenient terms
TICE
2 / 1/2 i 1%? 1774 27 71 I EY il LOW gE
PRICE
e
on Everything!
Diamonds, Watches, Autos, Cameras, Slothing, Shotguns. Ete.
FOREIGN EXCHANGE |.
with the bank six years and is now i trust officer, was named a vice president also. Francis J. Moore, who has "been in banking and credit {work 23 years and for the past seven years has been a Federal bank examiner for the Federal Insurance Corp., also was named a vice president. Other officers were re-elected. Frank E. McKinney is president; Albert E. Lamb, vice president and secretary; John E. Ohleyer, vice president and treasurer; Thomas X. Lanahan, assistant treasurer, and Ewing L. Cox, assistant secretary. Directors also were re-elected. They include William J. Coughlin, J. Walter Hannon, Ralph E. Hueber, Jackiel W. Joseph, Walter R. Kemper, Joseph E. Kernel, Mr. McKinney, John J. Minta and Lowell H. Patterson.
_ FRIDAY, JAN. 24, 1941.
HOOK DRUG CO. OPENS NEW UNIT
Massachusetts Ave. Store == Is 53d in Hoosier Chain.
Hook Drug Co. has opened its 53d store in Indiana in a new brick structure at Massachusetts Ave. and Noble St. The new store occupies one of the
apolis and replaces another Hook drug store that occupied the building at that location, which wag
{torn down to make way for the new
structure,
ture was turned into retail store sites, Massachusetts Ave. and Noble St. was the location of the 2ld mule car terminal. The new Hook store is managed by E. J. Arold who has been with the company for 19 years. He is assisted by Paul A. Sallee and 12
.{other salespersons.
The W. E. Mick Construction Co. were builders and Freeman Showcase Co. installed the fixtures.
WHOLESALE FOOD PRICES RISE AGAIN
NEW YORK, Jan. 24 (U. P.).— Wholesale food prices in the week ended Jan. 21 rose to the highest level since Jan. 11, 1938, Dun & Bradstreet, Inc., reported today. The company’s index of 31 food commodities in general use for the latest week stood at $2.52 compared with $2.51 in the preceding week and $2.35 in the corresponding 1940 week. Increases for the latest week were registered by mess pork, butter, eggs, potatoes, rice, hogs and lambs while flour, wheat, rye, oats, barley, sugar, cocoa and steers declined.
RAYMOND FRANKE HEADS APPRAISERS
Raymond A. Franke of the E. Kirk McKinney Co. last night was elected president of the Society cf Residential Appraisers at the annual meeting in the Athenaeum. He succeeds Ben F. Claypool of the Union Trust Co. Hugh A. Teeters of the Equitable Assurance Co. was chosen as vice president, the office held by Mr. Franke last year. Frank B. Stout of Railroad Men's Savings & Loan Association was re-elected :secre-tary-treasruer. UNTIL NOON (E.S.T.), Feb. 1, 1941, THE LUKAS-HAROED CORPO RATION, at 80 Lafayette St.,, New York City, will receive pplications jor sed contract to con Sct THE AVAL ¢ RDNANCE PLANT, Fe THEN Indiana. Applications for a single contract embracing preparation of site, engineering, erection” of buildings, in. stallation of equipment and delivery of
completed facilities in readiness for opera. tion will be given favorable consideration.
STUDEBAKER TAKES SITE NEAR AIRPORT
CHICAGO, Jan. 24 (U. P.) —Officials of the Studebaker Corp. last night, announced lease of a 50-acre site adjacent to Chicago Municipal ri Airport for construction of an air-
w | plane precision part factory in fulfillment of national defense con-
more than $33,000,000. Another precision part factory will be constructed at Ft. Wayne, Ind, and an assembly plant at South Bend, Ind. in a $49,700,000 expansion program, the officials said. It was also announced that a $318,900 contract was awarded W. E, O'Neil Construetion Co. Chicago,
ol for grading and footings for the
South Bend plant. Bids will be asked in a few days for construction of the plant here, the company said.
TOOL COMPANY AT CLEVELAND EXPANDS
CLEVELAND, Jan. 24 (U. P.).— Louis W. Greve, president of the Cleveland Pneumatic Tool Co., said
‘|today that contracts would be signed
within a week with the Defense Plant Corp. for construction of five new buildings provided for in the company’s $5,000,00 expansion pro-
am. The new plants will be utilized entirely for the manufacture of landing gear for aircraft. The company is now working on landing gear orders. Mr. Gréve said the five new plants 2| would double the company’s present 8 | capacity and would require ‘“several thousand” more employees. The concern now employs 2000 persons.
tracts for airplane engines totalling:
{IAT Dealers Jutual
LIT YT YS A AUTOMOBILE INLAND MARINE INSURANCE for Careful Property Owners at Substantial Savings
Wa. 2456
NEWS 7:45 A. M.
DAILY MARTIN JOHNSON
EE WHEEL CHAIRS Why buy one? Rent one at
HAAG'S ALL-NIGHT 22nd and Meridian
. DRUG STORE ——— Our Famous Lip Quality Number
HOSIERY 69°
Genuine Ringless MILLER-WOHL CO.
Reinforced Heel and Toe 45 E. Wash.
«~ OUTFITTERS TO MEN, WOMEN and CHILDREN
MODERN CREDIT STORE
129 Ww. Wash. indiana Theate:
Is Opposite Us.
N 39¢ = 2 oe
FUR COATS Largest Selection in the State
INDIANA FUR CO.
29-31 East OHIO St.
=
Exacting . . . WATCH REPAIRING AT LOWEST PRICES
STANLEY JEWELRY CO.
113 W. Wash. Lincoln Hotel Bldg.
Hunting
Boots $2.98, $3.98, $4.98 :
KINNEY’S
138 E. WASHINGTON ST.
vi Ll G LES iL
Nii RI Li
oldest retail locations in Indian- **
Years ago, before the old struc- = |