Indianapolis Times, Indianapolis, Marion County, 10 February 1941 — Page 17

Page PDF (11.91 MB) Locked

Back to issue view

' MONDAY, FEB. 10, 1041

Bl SINESS

Indiana’s Factories Add 32, 000 To Their Payrolls During 1940

NEARLY 32,000 MORE PERSONS WERE WORKING in Indiana’s factories at the beginning of this year than at|

the start of 1940, according

State Employment Service and the U. S. Bureau of Labor

Statistics. This means employment

during the year. Payrolls, were about $1,594,000 higher|

to estimates compiled by the

in Indiana rose 11 per cent

weekly than a year ago or about 21 per cent.

But during Janyary employment | decreased, although not as much as in pesvious. years. The iron and ‘steel mills, machinery shops and . textile ‘industries continued to add workers during January. These increases, however were more than offset by seasonal

k in lumber]:

and allied products, clay, stone and glass products, food a n d - kindred products, tobacco. manufactures and paper. and ri industries. Therefore. ‘employment in the

ate slipped 4 per cent and pay- |p : olls 1.3 per cent during the Fe

month.

Indianapolis employment in Jan-|

uary fell more than the state average—.8 per cent—but employment here-by Jan. 1 had risen more than twice as much as it had in the state —26.1 per. cent. Payrolls here fell 4 per; ‘tent during January, less i thant “the state average for the mon On Jan. 1 payrolls here were {44.4 per cent higher than on . the previous Jan. 1, more than double the gain made by the state as-a whole. 8 # NEW MACHINES and gadgets: Washers , for faucets are among thé Iafest items to be made from artificial rubber. The odor of fresh paint may be reduced and made less irritating to the eyes by using a new eompound . mixed with the paint before use.

Reduction of over-exposed or over-| '140- 160

developed photographic negatives can be done with a chemical known as sodium guanidine ferricyanide. 2 " ” '® THE CENSUS. Bureau says 5,110,270 Americans had no jobs and were seeking work on April 1 last year. Of this summer, 963,028 were between 14 and 19 years old; 1,035,474 ‘between 20 and 24; 1 800,567 between 25 and 44; 1,157,428 between 45 and 64 and 153,773 over 65. Almost one-fifth of the total were in the ‘14-18 age group which was inexperienced and lacked training. A large majority of them never had held a full-time position last for more than a month, the Bureau said.

ODDS AND ENDS: Westing= house will build a three-milion-dol-lar factory at Fairmont, W. Va., to make only fluorescent lamps. . . . The auto industry will use- substitutes for zinc and other metals needed in arms manufacture, President Paul G. Hoffman of Studebaker promised.the Defense Com-

TRADE IN HOGS 1S UNEVEN HERE

Prices Sag 10 to 20 Cents; $8.35 Top Paid at Stockyards.

HOG PRICE RANGE : Top Receipts

stesteessssensearss $8.30 eee bp

22 Be

Teese. LR FT) MRIWBIWNe | GeahRsse;

oS.

” Indianapolis to-

Hog eradings. 1 especially

day was highly uneven,

on light and medium weight hogs Ari]

below 240 pounds, the Agricultural Marketing Service reported. Prices were 10 to 20 cents lower than Saturday with sharply increased receipts largely responsible. An $8.35 top was established here. Cattle prices, while not definitely higher, showed a stronger trend but caution prevailed. Vealers were steady with a $13.50 top. Quality considered, fat lamb prices were about steady with the close last week.

| HOGS Barrows and Gilts

eseescsssanses 35.8%

QUIONIINOOO

Medium— 160- 200 pounds .«s..e..

Packin Sows Goo d and Choice— . 270¢ 300 pounds . 300- 330 pounds 330- 360 pounds Good— 360- 400 pounds .. 400- 450 pounds . 450- 500 pounds

ecium: 250- 500 pounds . au hter Pigs ly TY Gos etvsuoansh .. 5.15@ 6.75 CATTLE Slaughter Cattle & Vealers (Receipts, 1821) Choites Steers 750- 900 pounds aesene »+ae$18.100 900-1100 Ds © cmos 13.00

1100- 1508 pounds sececcccscss 13 00 1300- 1500 pounds .ceseescesc.. 13.00 Q

Cin CG oce00 UNAS «ooo sivens ew 90( fun py 10. e900 00 000 9.00 75 nr ne 0.75

7.15@ 9.00

P NNNENNNN0-I

Bio Doma ooo

30 s 00 150- 1100 pounds JAo0-45 -1 9, pounds “es 750- 71100, ) pounds caves dagesees

14. 14. 14, 14. 13. 13. 13. 13. 10. 1

mission. .. Possibility that 34-year-old ‘bachelor William McChesney Martin Jr., N. Y. Stock Exchange ‘president, may be drafted has started Exchange members “hunting for his successor but they . haven't found any. . . .U. 8. im‘ported :20 per cent less cattle and . beef . dast year (from Argentina, . Uruguay, Brazil and Paraguay prin[fir than during the year be.The average General

KOKOMO oy FRM PROFITS ARE LOWER

= Times Special I KOKOMO, Ind. Feb. 10.—Continental Steel Corp. today reported its net profit for (1940 was $778,737 compared ~ with $1, 208,199 for the previous year. i The profit, after depreciation, taxes and $200,000 reserve against future inventory price decline, is equivalent, after preferred dividends, to $8.23 a share on the 200,561 shares of common stock outstanding compared with $5.28 last year. President D. A. Williams told stockholders in the annual report that profits had been cut by lower volume, and consequently lower prices, on some. of the. company’s products during the second and third quarters, a situation which had “substantially corrected” itself by the final three months of the year. But as volume increased toward

the end of the year, prices of4 * many. raw materials which the irm|

uys—such as sc iron and. zinc

~—rose rapidly

1 For every $1 of > maining profits

in 1939, the firm paid 65 cents in taxes but paid $1.04 in’ taxes’ last year. The new labor og

will mean a $150,000 increase inj!

payrolls annually, Mr. Williams said. The: company’s payroll for 1940 © was $5,846,169 compared with $5,744,392 for 1939; net sales were $18, 426,390 in 1940 compared with $18,559,264 in 1939, and inventories were $5,612,739 at the end of 1940 compared with $4, 669, 648 at the end of 1939. The firm owns and operates the Kokomo Steel & Wire Co. here, owns aliithe capital stock and operates the Chapman Price Steel Co.

Steers, Heifers Choice— ; 500- 50 pounds .....c.ve.0e0 [email protected]

rood— 500- 750 pounds .....c...ce0e [email protected] Heifers

Choice— : $50; 900 POUNAS ceccscccsece 11.25012.50 750- 900 Pounds ..ceesscscese [email protected]

Medium S00: 900 POUNAS scoecesccees 8.50@ 9.75

‘500- 900 pounds . ceccoqpeesee

Cows €I00d ..coneeerciciornvennnnnes Medium ......:..... Cutter and common Canner

aes 8. 50 5.00 4.35 1.25@ 8.00

1.25@ 1.75 Medium ses $730 Cutter and common . 6.00

Veal rs Good and choice seuep 13.00 Common and medium .. 3%

ets evs ecsseccsecntrans es cee

Feeder and Stocker Cattle a Chol (Receipts, 554)

Ho B00 pounds essscssssess.$10.00 S0:1050 pounds 10.00

tood— 00- 800 pounds 8.75 0( -1050 pounds 8.75

0 -1000 pounds Common 500- 900 pounds ... Calves Good and choice— 500 rDOiids down fe

$00. Pounds down

ulls (Yearlings excluded) Beef. ‘ Go 20000000000 ss0etRebiee

6.75

13.50 12.00 8.00

10.75 10.75 000 eb osnog 10.00 e808 000s00t00 10.00

8.25@ 8.75 7.50@ 8.25

(steers) [email protected] 8.50@ 9.75

secs s cass ee .

Calves Feiters) Good and choice— 500 Dounds down aasaseass [email protected]

eesse T.500 9.00 SHEEP, LAMBS (Receipts, 1891)

Good and cho Medium: and good ...ceccevees

rlin Wethe Goold and chor . . n 8.15

Medium, Ewes (wooled Good and choice : ) Common and medium ..

CHICAGO LIVESTOCK

CHICAGO. Feb. 10 (U. P.).—Hogs—ReTaeneral {rade “rout I Jee C Of 2 oe Din0 540 2170- i

0% 5 aad ehtly ind, $10 4] FHS p te 7) ghoice 5 ade; nothing done early on

Cattle) ints, 10,000; calves, 800; not attle— Sceip 8, alves no life steer . trade: asking pri hig gher; few early 1g] ™m oO buyers strong w ackers PUyiaR o pper count working very How, biadin to. weak; most $11 sales, Hr sprinkling $9.50 @1 prime 1307 3 oady; fed heifers steady to strong; other

classes strong. welgh firm to $15c higher with standing offerings; ow utters, $6 down

at $10. 50@13; choice shippers, lc

OTHER LIVESTOCK

8.15 paid on out 238 ery smal

Adams Exp ... 54 | Alaska Juneau. .

7.00@ 8.50 | Mo

5.00 N

7.25

sows, 400 0-1b. kinds most~

shipper bulls

N8.5G fords

George Ries (left), Kroger meat operator, and A. W. Metzger, branch manager . . . the sterilamps overhead protect the meat.

a THE INDIANAPOLIS TIMES

Keeping Steaks Fresh

Net High Yow Last Change

6 4% Allied Mills .... \llis-Chal

Eppa pe wa

HEHE 14

£ £ 4 4 Am A £ 4 £ 4 4

4 Asso. Inv pf... Atchison p 23

Barker Br pf.. ath Ir WKks.. Beth Steel Blumenthal pt’. en

Budd

Cal Packing.. Canada Dry.... 12 C Pacific _..: s Cater yi T... 46 Conta n- rid én ebro!

PIER be Sr iF

41a 10217 Cream 17%, Crown ork w

wi Ti ‘Curtis Curtiss oe vodls

Coty Crane Co if ph:

14% .130 131 131 3% 3% 5% 19% 35%

14%, 130

R A Dow Chem ..

East Kodak .. Elec Pwr&Lt ..

g Pu Firestone T . 65 Freept Sulphur. 36%

Ge Gen Bronze . 4Y, Gen Foods pf. 113

Gen G& .. 7-16 Gen Mills pf ..132 Gen vy & ol 3 Gen Stl C . B41 Goodrich ot’ - 12% Graham-Paige Greyhound } \ 11% Greyhd 5% pi 113%

13iF HiLi

Holly Sug

«1112

Interchem pf . 0 Ys

Int ‘Harvester .: Int Nickel, e

Int T bo Int T. For ,. Ba or Coal .

Kennecott

ress Kroger G&B ... 271% 27% —— Lehman 21% 21% Loft Inc o. 11% ‘17% Mf Martin (Glenn) 23% 26% thieson .... z8 263%

Mor & ESC «ie

Nat Acme secon plo

at Gypsum

STOCKS AE HIGHER IN QUIET TRADING

NEW YORK, Feb. 10 (U. B.)— Stocks were | irregularly higher in quiet mid-season dealings today after an early rallying attempt had disclosed i of follow-thtough support. Bethlehem Steel and U. S. Steel rose major fractions and then gave up virtually all the gains. News from the industry was favorable. U. S. Steel reported shipments by subsidiaries in January were the second highest for ‘any month on record. The American Iron & Steel Institute announced this -week’s

oo 1%

A Week Ago

N. Y. STOCKS

By UNITED PRESS

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS Saturday ec.cocececee sesesse 124.71 40.41 Week Ago ... rat ees 122.67 0.61 Month AO ...coeesesscssces 133.25 =0.24 YORT ABO :voeseocrasriee . Holiday High (1941), 138.59; Low, 122.63. High (1940), 152.80; Low; 111.84. . 20 RAILROADS Saturday ccceces choneery 28.26 40.05 Week Ago esdeesscsnssgectoe 27.94 —0.16 Month ABO civecsoceccsnnses 29.57 —0.08 Year Ago ...tccccecorcciaee Holiday High (1941), 29.78; Low, 27.94. High (1940), 32.67; Low, 22.14. 15 UTILITIES ve. 20.00 —0.07 19.55 —0.01 -20.65 0.12 Holiday

Saturday

est ance eceh tamer Month Ago .. Year Ago High (1941), 20.65; Low, 19.53. High (1940), 26.45; Low, 18.03.

Net Last Change a3 > 7 1a We Un Ta wm Th

High 45 5

Low Nat gu 6 pf . 45 Tea $ Na acs Ind . New News sh’ . N Y Central . N Y Shi

No Pacific .... 6%

+ %

. 27% 3

. 14 . 11% Im ... 8% 23% . 52

FB ORERERS §

T% . 30% ws Ws

bi ll

we!

++:

Badio

epublic Stl 50 public Sh of. 1003 s

e330

Revere

Reyn Tob B22

+l 4 +

33%

Vs,

a EE ss

t L-S Fran Schenley Bist” Sears Roebuck

10% « 18} . 4% 40 « 11% 87s 26 ew: 3 . o8

HHH

d std O . Be oe Min. «

Tex Gulf Prod

Tide W A Oil.. aT

imk-D AX .. Uriion _ Carb Un Oil Cal.

Un Tank

nited Fru t.. n_ Gas Imp.. 8 Realty Ruber.

J s 1 cose

51% 16%

Jalworth ard Bak pf..

5% 16% wy Auto Sup. ig 25% esting sees 96

Voolworth .... 39% 32% ee Yoe 14 14% 37 37

Yellow Tr . Young Sheet .

_10caL ISSUES

following gJuotations by b A Indiand & 1 price of Eh

based on buyin recent transac ane Stocks Bid

Agents Finance Corp com... _T% Belt RR & fA e 5

Ask 9

ig S 3 ook ne m Home TRF wt Ft Wayne 7% vid [nd Asso Tel Co $6 pf 108 & Mich Elec 7% pid. ve..109 a Sety ig Pid. cceess.109 Ind Hydro, Elec Pid id ave - naples PAL § foal i sie, 38 LN S cesesnes NL Water 8% Bra 102

steelmaking rate at 97.1 per cent, equal to the all-time high on a

0.2 points over last week. Woolworth dropped 1% to a new

2511941 low at 31% following its 1940 |%

report showing net income at a new low since. 1932 despite a record volume of business. Motor shares, rubbers and shipping issues weré firm. Columbian Carbon and Eastman Kodak were up more than a point. Du Pont re-

steadied around Saturday’s final levels. Utilities held well, with exception of Pacific Gas and United

oo |Gas Improvement, which reached

new lows on small losses.

DAILY PRICE INDEX

NEW YORK, Feb. 10 (U. P).— Dun & Bréadstreet’s daily weighted

I 8 | price index of 0 basic commodi-

y | thes, compiled for United Press (1930-32 average equals 100): 4 Saturday IEEE ESR EEE EEE EE NE NN) 123.82 Week ABO !.vcentocsssescsesas 12343 Month ASD ..:ccveceeeess.. 123.98 Year Ago 1941 High (Jan. 9) seeeeeee. 125.21 1941 Low (Feb. 4) ceveeeree. 123.34

tonnage basis set two weeks ago and >

placed an early gain of more than |Home bla point with a small loss. Rails

Bo vials ieesessssss Holiday|}

% pid... 5¢ § Prades 10 6% pid... 9% Union Title Co com 3 Van Camp Milk i van Camp Milk com.

Bon American Loan 8s 51....c000. American Loan 58 46.....c04. Consold Fin bs Citizens Ind Tel As el Hom me Pt W ay ne 5%s.. Crab TRF Were or 5s 4 pls

P dpls FAL 34L TO 5s ndpls. Water co 3

Kokomo Water Wor ‘wi Ruhner Packin ne Co 4%as A 4 Morris 5&10 Stores 8s .1 Muncie Water Works s 65....10% Nat. Bil Hosiery Ind 5 69.

prin 1

Ind age

*Ex-dividen

FOREIGN EEE

YORK, Feb. 10 (U. P.).—Follownoon cable rates on major cure able Chg.

( und) 3408 ates Net eid — 82 18-16—00 i-i

| : i di

Ya ing are rencies Engiand Canada tal

Japan (yen) .eeceecess Mexico ne .

KROGER USING NEW PROCESS

Meat Tenderized Without Spoilage Offered for First Time Today.

‘Meat that has been tenderized in a short time without spoilage through “a special Tenderay process is offered for sale, starting today, at Kroger stores in Indianapolise. The new system was announced by A. W. Metzger, Kroger Grocery

.|& Baking Co. Indianapolis branch

manager. The process, which stimulates the breakdown of connective tissue and tenderizes the meat, is the result of seven years experimenting by the Kroger Foundation and the Mellon Institute. The breakdown of ‘connective tissue is hastened in the process at relatively high temperatures and humidity in an atmosphere kept free from mold spores and bacteria by a new lamp invented by Westinghouse scientists.

Requires Three Days

The process occurs in three rooms and takes about three days. A separate plant has been established here under the supervision of Dr. M. D. Coulter, Kroger fellow who developed the Tenderay. In the first room, beef is held for two or three days at about 60° degrees Fahrenheit and high humidity. Next the meat is transferred for quick chilling to the second room where the temperature is just about 32 degrees. Te emation is then completed and the meat is moved to the third room, where it is stored to await transfer to Kroger stores. The third room temperature is abou 36 degrees. Tested for Year

Under ordinary circumstances, meat will become tender through aging, in which enzymes act chemically upon the connective tissues to break them down. The activity is slowed down when the meat is kept at low temperatures. When the temperature is raised and the meat is kept under sterilamps used in the process, the enzymes work without the meat spoiling. The sterilamps have no tenderizing effect; they merely protect the meat during the process. Before being used for commercial purposes, the process was subjected to exhaustive tests, Mr. Metzger said. ‘A plant' was operated for a year at the Mellon Institute, where more than 172,000 pounds of beef were sterilized.

BUSINESS AT A GLANCE

Canadian carloadings for week ended Feb. 1, totaled 53,461.vs. 52,085 previous week and 50,607 year ago. > American Brake Shoe & Foundry Co. net profit after charges and Federal income taxes and provision of $100,000 for possible excess profits taxes and a reserve of $200,000 for possible future decline in raw material prices amounted to $2,968,497 equal to $3.49 a common

American Chicle Co. 1940 net profit ‘$3,670,000 equal to $8.42 a share vs. $3,834,553 or $8.79 in 1939.

share vs. $2,121,173 or $2.39 in 1939.|¢

No. 13-

A the Pp!

Many phy

be. deducted. A premium pai

Your Federal Hidone Tax

Professional Man May Deduct All Necessary, Expenses From Tax Bill.

professional man may deduct all necessary expenses pursuit of his profession. These include the cost of supplies in his practice, office rent, cost of light, water, fuel and telee in: his office, the hire of office assistants, and expenses paid in eo operation and repair of an automobile, based upon the proportion of time it is used for professional purposes. sicians use their residences both as their offices and their homes. In such instance the physician may deduct as a business expense the rental value of the rooms occupied for office purposes if he actually pays rent, and also the cost of light and heat furnished these rooms. Also, he may deduct a portion of the wages paid domestic servants ‘whose time is partly occupied in caring for these rooms. Membership dues in professional societies are deductible. Physicians and dentists who keep in their waiting rooms current magazines and newspapers for the benefit of their patients may deduct this item as a business expense. sional journals for the taxpayer’s own use is also a deductible item.

The cost of technical books is not a deductible item, being a capital expenditure, but a proportionate amount for each year’s depreciation of the books may be deducted. Depreciation may also be taken on office furniture and equipment. office or other professional equipment and liability insurance may for automobile liability insurance should’ be apportioned and that part of the premium attributed to business may be deducted as a business expense.

s incurred

e cost of profes-

Insurance premiums on

BROKER DENIES HE

NEW YORK, Feb. 10 (U. P.).— Joseph L. Merrill, Wall Street broker who was suspended by the Securities and Exchange Commission last week for alleged stock market

“rigging,” denied here today that he had made any profit on the deal in question or that there had been any fraud connected with it. Mr. Merrill, a former special partner in the brokerage firm of Merrill Lynch, E. A. Pierce & Cassatt, was banned for six months from dealings on all major securities markess in the United States following an SEC ruling that he had violated the Securities Exchange Act by “plain and crude manipulation of |° the market price of Diamond Shoe Corp. common stock.” The broker explained that the charge resulted from three purchases of the stock totaling 125 shares which, he said, had been made on behalf of relatives, all of

whom had been accumulating Dia- |g Ine

mond Shoe stock since he became a director of that company 12 years ago. The SEC filed charges against arrill last Oct. 16, alleging that he had manipulated the old and new Diamond Shoe common stocks in agreement with officers of the firm in order to raise its price for resale to the public. The price of the stock, it was charged, was raised by this means from $20.50 to $30 a are.

U. S. STATEMENT

WASHINGTON, Feb. 10 (U. P.) ernment expenses and receipts for. the current fiscal year through eb. 7, compared with a year ofo! ear Year 457.7 a 1290. 14 470,167.60

Last ht og. 510. 622.67 $5,683,793 3.403.950,354.6 4 +3 199,269,368 ,268.0¢ .813. 488,362. . .269.94 Gold Res. .23, 123.953 53 65.20 117.9 ustoms ... 199,885,

Expenses

minim.

INDIANAPOLIS CLEARING

Cloatings esos venes cetera tyes ar

- fquihment and

~—Gov=- | MM

United Fruit Co. ‘RIGGED’ MARKET |

Loses 8 Vessels

BOSTON, Feb. 10 (U. P.).—United Fruit Co. disclosed in its annual re-

‘port to stockholders today that

eight of its 23 British-flag vessels have been lost anad one ‘damaged in ‘war operations. All of the company’s British-flag ships are operating under charter to the British Government for the duration of the war, and the report stated that war risk insurance on the lost and damaged vessels already has been collected in sterling

Lor is in process of collection.

Incorporations

The Hammond Lumber Co., Aammond: articles accepting provisions of the ofa) Corporation Act of 1929; 1000 shares f $100 par value.

Tools & Supplies, Inc., change of agent to Carl Georgia St., nidianapolis,

Indianapolis; Kragh, 32 W.

8. Walnut St., uncie: Kinney, 2814 S. Jefferson st shares no par value; stores;: Jess McKinney, Nic McKinney.

Southeastern Indiana Generating Co., Bonde : oy, rd St.. Rus shyifie; . organ, ; Raiph common of S100 etc achinery and electrical line 1m in electric supplies: . E. Eastman, Ral Morgan, A. Miller,

Whitley Realty, Inc., Columbia City; dissolution

Hagry ‘Stevens Used Car Co., Inc., Rloomington; amendment changing name to Harry Stephens, Inc.

Thomson's Homes. Inc., of Gary. ana, 461 Broadway. Gary: agent, James Thomson, F. ‘2, Cro int} 175 shares preferred & %100 par value and 1325 shares common without par value: building and real Sate b ustness: James 1 evers.

Thomson, Earl W. Nelson-McGraw. Inc.. 916 Central Ave.. Connersville: agent, Roy E. Nelson, same address: 100 shares no par value; dealing in automobiles and accessories and operate finance and insurance agency business; Roy E. Nelson, Flossie G. Nelson. “Harold

. McGraw. Kleinschmidt Realty rw Gary, dissolved by decree of c . Medley Distilling Co Owen registration of trade mark Tabel, Rose’’—Class 48: whis The Montgomery Savings Association, Crawfordsville, amendment changing number of directors to five. Nixon Newspaper. Inc... Wabash, amendMent changing number of directors

I vale Sylvania Corp., Massachusetts cohporation, amendment of articles of incorporation. Transamerican Freight, Lines, Inc., Delaadmitted to Indiana to engage in Arucking and transportation business.

Rigas, Glady

ing and selling, power plants,

Indi-

POT eli .

to| ter

Industrial Sor

sun

Four units of the nT Industrial Center, East Side land-,

mark, have been sold Yo present, : manufacturer-occupants. Klein & Kuhn, managers: of he’ property, announced. that a ‘sul; stantial portion of the Center Has’ been purchased by the Indiana Gear’ Works, , Emerson "Tank ‘Co, Zimmer Paper Products and de C. Ertel Jr.

The Indiana Gear Works, makers of gears for high-speed military airplane engines, bought a one-story: building at 1458 E. 19th 8t. | Emerson-Scheuring Tank Co., Pro-. id ducers of tanks used in msnufactuce . of chemicals, foodstuffs and i ages, acquired an acre-and-s-unit- extending from Ave. to Sheldon St. § The Zimmer Paper Products e. which makes printed waxed bought’ property at 1450 E. Be es some 40,000 square feet of building. The’ Ertel Machine Co., makers of parts for automotive ‘equipment, purchased a portion of the Martin= dale Ave. frontage. which it od to remodel. The Industrial Center was inally the Atlas Engine Works, later as the Engine In its early days, the Atlas os. was 4 wotld-renowned company, manufacturing steam engines. In 1928 it became the Indianapolis In dustrial Center, providing quarters for small industrial firms.

RAILWAY BUYING BEST SINGE 1930

CHICAGO, Feb. 10 (U. P.).= Railway locomotive. orders in Janus|ary were the greatest for the month - since 1930 and freight car orders rose to the best level since. ibn i magazine Railway Age said today Last month the railroads gy

‘| nation ordered 78 locomotives, 1118

freight cars and 130 PASSEnge CATS. - the periodical said. In December, , there were ordered 80 locomotive s

M.|7637 freight cars and no

cars while in January of last Year orders were placed for 50 'locomos tives, 479 freight cars and 4 Passene: * ger cars. The magazine declared that the

s U, | January boom in equipment buying

“strongly supports” its earlier pree diction that railway buying in 1941: will exceed $1,000,000,000 and might: ° # even reach $1,100,000,000. Highest level of railway orders" reached in the last 11 years ‘Was $874,000,000 in 1930.

LOCAL PRODUCE

Heavy hens, l4c; No. 2 Leghorn 11} horn, hens, SC; No. 3 Joep rotors and ger, 19¢; No. 2 boilers,

Te. Indians Grade “A” large Indiana Grade “A” medium Indiana Small Grads “A” and No.

12¢: ho Bade, a3: 5a 0. 3, Le se tl ‘Neo Noo :

yet

8, 18¢3 ‘egasy y

(Country pickup prices “auoted hy he Wadley Co.)

Debits ......vi0i0ui0in sesoeboniine 6,

"I Get Plenty of

ness From My Little Want Adin THE TIMES"

The Opinion Held By Hundreds Who

Use Business Service Want Ads in The TIMES

Practically every type of business can use TIMES Want Ads successfully . . . many, types are doing so today... glance through clasification number 13 for a few examples. Many of these advertisers have been run“ning for years—try it yourself by ordering your ad in the paper tomorrow.

An Example—

AROS THE PRINTER. 137 & Now York.

Talk to “Richards

say for the results he is getting.

~ Small Cost .

TDATS .ovreceny SLED 12 Words ; hon Soirreiy $720

Results

The Printer” if you want enthusiastic proof—every time he re-orders his ad he has a good word to

at Indianapolis and Superior Sheet Steel Co.. ab Canton, oO.

NEW JERSEY . BELL BUYS TWO FIRMS |:

NEWARK, N.J., Feb.'10 (U. P.) —

CINOINNA Feb. 10 (U, ~Hogs— Salable, NATL, Feb. b as! loses 0 200 is os he .10;" 200-250

1 [email protected]; [email protected]; To 160 Leia $5.75@ le—Salabl

1 » salable’ and tota. ou aeveial lots Stests 1036-ib.

sort, 8 tos ce R15. New Jersey Bell Telephone Co. offi- fag yi cig i it 006.35, meen cials announced today that the Fed- 28° lientwelint ine yr eg 04; ] eral Comuuniauos Gomaplesion, & sags 13.504 13. HL veers Saedinm, has been as! approve p or -50; : the merger of the Keystone Tele- ghoice Saad tog a, red 0 2h Bho ne nt subsidiaries with om ewes, “sa 505.50 50; old thin ols, Under the plans the Keystone franchise, with about 50,000 sub-|1 scribers in the Philadelphia area and about 4500 in South Jersey, would be transferred to the Penn- | 4 sylvania Bell. ‘Telephone Co. The purchase price was not disclosed, but the deal will include the acquisition} of the Eastern Telephone Co. which serves Camden, N and the At-

Every Business Man Can Profifably Use a "Business Service” Ad i in...

TIMES Want Ads Phone For Complete Details.

GOING UP

New homes are going up—and so are home standards. With the FHA plan of convenient monthly payments, the average lamily can afford to build and enjoy home comforts our grandfathers never dreamed of. x SEE US FOR DETAILS

The UNION TRUST COMPANY,

Mexaber Federal Deposit Insurance Corporation

LOANS ==

te ii The CHICAGQ

aoc | a 210- T0230 dbs fe. “sai ib: 19 $7.95; 160-190 lbs. a 75: 230-250 1bs. 805 250-275 1bs., $7.55: 275-300 1bs., $7.35} 00-235 og. oi 20; 3: "Sia Tog $7. $7.08; 350. ie. 85; Shas N= ig %6. 3 tho; | ish-130 Toe, : UgnSs, stags, $5. Calves, $13.50. ‘Lambs, $10.

190:2 310

on on Everything

‘Diamonds, Watches, Autos, Cameras, Clothing, Shotguns, Ete. JEWELRY co, Ino.

WAGON WHEAT

to Indiana KL of dos slevators, ale i

Bis kers in the Siate