Indianapolis Times, Indianapolis, Marion County, 10 February 1941 — Page 18

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ODA, FEB. 10, 1041

USINESS

Indiana’s Factories Add 32,000

NEARLY 32,000 MORE

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.

decreased, although not as much as in previous 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 slack in lumber and allied products, clay, stone and glass products, food a-n d kindred products, tobacRoger Budrow co. manufactures and paper and printing industries. Therefore ‘employment th ate slipped 4 per cen and pay7: ols 1.3 per. cent during the / month. ; Indianapolis lemplo uary fell morg than the state average—.8 per cent—bu employment here-by Jan. 1 had risen more than twice as much as it had in the state —26.1 per cent. PayroNs here fell 4 per. © ‘cent during J i thant “the state average mon On Jan. 1 payrolls were ¢ i the previous Jan. 1, more than ble the gain made by the state 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 t the eyes by. using a new eompoun mixed with the paint before use. Reduction of over-exposed or over developed photographic negatives can be done with a chemical known ‘as sodium guanidine ferricyanide, 2 2 . * THE CENSUS. Bureau says 5,-

110,270 Americans had no jobs and iA

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.

. : Choice— | ODDS AND ‘ENDS: Westing- . house will build a three-milion-dol-|1 lar factory at Fairmont, W. Va, to| 300,15

make only fluorescent lamps. The auto industry will use. substi-

tutes for—zinc. and other metals 1300-

needed in arms manufacture, President Paul G. Hoffman of Studebaker promised the Defense Commission. ‘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 Goo

haven't found any. . . .U. 8. imported :20 ‘per cent less cattle and beef last year (from Argentina, Uruguay, Brazil and Paraguay principally) than during the year before, . . .The average General Motigrs’ ‘employee (paid by the hour) | $1804 last year compared to ©1938 and the corporation’s

re’ ‘payroll reached $492,246,017.

’ KOKOMO STEEL FIRM PROFITS ARE LOWER

Times Special KOKOMO, Ind., Feb. 10.—Con-

. tinental Steel Corp. today reported

its net profit for 1940 was $778,737 compared with $1,208,199 for the previous year. 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 $5.28 last year. President (D. A. Williams told stockholders |in the annual report that profits had been cut by lcwer volume, and consequently lower prices, on. of .the company’s g the second and third qual situation which had “substantially corrected” itself by the final three months of the year. But as volume increased toward ii end of the year, prices. of many. raw materials which the firm uys—sucht as scrap iron and zinc —rose rapidly also.’ For every|$l of remaining profits in 1939, the firm paid 65 cents in|}& taxes but paid $1.04 in’ takes. last year. The| new labor agreement | will mean |a $150,000 ‘increase in payrolls annually, Mr. Williams said. y The co

pany’s payroll for 1940 was $5,846,169 compared with $5,744,392 for 1939; net sales were $18, 436, - - 390 in 1940 ‘compared with $18,559,264 in 1939, and inventories were

$5,612,739 t the end of 1940 com-|%

pared with| $4, 669, 648 at the end of|s

ates ait hapman Price Steel Co. at Indian: polis and Shpertor Sheet

NEW JERSEY BELL

BUYS “TWO: FIRMS

NEW. , NuJ., Peb.'10 (U. P.) —|1 New Jerse ‘Bell Telephone Co. offi~ | clals annolineed today that the Federal Communications Commission has been the merger of the Keystone Telephone Co| and its subsidiaries with the Bell company.’ Under [the plans the Keystone franchise, with about 50,000 sub-|i scribers in the Philadelphia area and about 4500 in South Jersey, would be ransferred to the Pennsylvania Bell. Telephone Co. The purchase e was not. disclosed, but |#® the deal will:include the avadisition of the Eastern Telephone ,-Which den, N. J, ne the AtCo, Cape

Bell

Payrolls, were about: $1,594,000 higher

weekly than a year ago or about 21 per cent. But during January employment |;

a to approve plans for|%

Their Payrolls During 1940

PERSONS WERE WORKING

to estimates compiled by the

in Indiana’ rose 11 per cent

TRADE IN HOGS |S UNEVEN HERE

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

HOG PRICE RANGE Top = Receipts eee svessizessrseesia $5250

sessssscssssesscs NAD

Jail. 2 .

RN RNIM NX J. Gaabazase:

Hog - tradin day was high

below 240 pounds, the Agricultural Marketing Service reported. Prices were 10 to 20 cents lower than Saturday with sharply in-

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

eek. HOGS

ry Barrows and Gilts Good ta to Choice—

'140~ 130 unds 60- 180 - 200 200- 220 poun 20- 240

ounds .

40- 270 pound 70- 300 pound 2 - 330 pound

- 340 pound

50-5 200 pounds . Packing Sobs Good and Choice— . 270- 300 pounds 300- 330 pounds seecce. 330 50-360 Pounds s.ccececcesces 1. 360 4 400 p s 400- 450 unds 450- 500 pounds

se00cs0eccscns ss0e00ee

50 - 500 pounds ... Bosphter Pigs

Medium and G 90- 180 po

a = =]

D. WW ini

2 SOD o = 3388 333

Phd Ald pd bod fd fd

ey Ress - : 5.008 0.75

50-1 i pounds 7.15@ 9.00

ounds ... Com

750- 1100 } pounds reves se aunnse Steers, Heifers

500 “750 pounds .....cceeeeee [email protected]

500- 750 pounds ....cc..c.e0e [email protected] Heifers

Choice— J50. 900 DOUNdS cscecccccsce [email protected] [email protected] 8.50@ 9.75 7.00@ 8.50 52

7. jae 5. 6.25 4.35

Cholc

750- 900 POUNAS <ccecsscsccse Medium — 500- 900 DOUNAS sceececcoves Common-— 500- 900 pounds .

Soot. Med

esc cseveeen

esssescnsnsee 800 cece oe

ulls (Yearlings excluded)

sesces0cenent onto

8.00 1.15 6.75

3 30 3.00 .00 18.00

Feeder and Stocker Cattle Steers { (Receipts, 554) 500- 800 10.75

pounds Ceeeceuiiers +. .$10.00 1-159 poun [email protected]

500 "800 pounds ePaswreacse Sa 210:00 aou-105 pounds e008 000000tee 8.17 10.00 500-1000 pounds .ccccecscccee OMMON == 500- 900 pounds cane Calves (steers) Good and choice— Mos oinds dOWNl seescccccrce 500 pounds down

es0serisctneienite

Medium Cutter and common

Good and choice Common and meditim . Cull

Cholce—

7.50@ 8.25

[email protected] 8.50@ 9.75

s0css esse .

Cal ves” - (heifers) Good and choice— : 300 Yor pounds down . [email protected]

Doands down essssscsssss T1500 9.00 SHEEP, LAMBS (Receipts, 1891)

. +38 [email protected] oe [email protected]

gms, Good and choice Medium: and good Common Xiatling Wether Good and choice

Medium, Ewes ooled Good and choice tv ) Common and medium ..

9.25 5.50

% 5.50 3.50@ 4.50

CHICAGO LIVESTOCK

IC. O., Feb. ‘10 (U. P.).—Hogs—Receipts, general trade round 15¢ lower F180 he, 38 fa si 25c off;

$8.15 Sparing ee ls Compares holes” P120-340

2340-270-1b. butchers, 3. T6sg0 270-320-1b. averos. ad

ns acking sows, 30 Iv ec

[email protected]; 400-5 Delb, kinds most~ > sop=-Race] i Joo; tts lambs rather d 100

catier aroun: higher.” qualit, or A two loads good chofce, fed Western lamb 5, $10.60; fe ade just good kind. $10.50 asking up 310, 75 i) ‘lightly a above on strictly » 23 choice’ Stade; ing done early limited su Sheep: Cattle—! Ect, life - to

calves 200; iol uc! trade! asking ‘higher; few ay a % Eastern buyers strong to 8 packers buying on loca count working very slow, biddin 1 Nering #50018" 0 jo arin rim fed hei 3 steady killing cla classes sd 0 $15¢ hi for Sith standing offerings; gow ¥ oe very small; cutters, $6 down; vealers scarce and stead at $10.50@13; Yehoice shippers, $13.50@1 women

OTHER LIVESTOCK

A % ~H Salab, CINNATL Feb. 10 i A lower: 160-300 1bs., [email protected]; 200-250 Ins. '1s8G .25; 250a. .. [email protected]; 100-160 1bs., $5.75@

e—Salab 50; t: ’ es, pi tort on Fra 2 10; good 1 p sib rod

10; soo i b. det dt choice 11

ood ah S 5.28; ligntweignt al SahRerS, sausage bulls, $7 Shoied. $iis0n 1

to strong: lenty shipper other paid on out-

ile ah

esp Sainte’ a tota and , $10.50011; com oh Gaoed medium $8010: culls, $6; eon and good sisughter ewes, [email protected]; old thin culls,

WAYNE, Feb. pT P.).— 15@30c lower: 210.330" $8.10; 1905310 ibs. $7.95; 160-190 lbs. i AH 0330-250 Ibs. 7.80; 250-275 1bs. s. 55: 2 5 $1.3 00-3325 $7. 20; i850 ay 9% 400 eb $6.05. 150-160 1 $10: lio-tso is S01 To gh abso . TOUughs 5, $5. Calves, $13.50, Lambs, $10.

WAGON WHEAT

2 a Indianapolis to-|Am Woolen i: y uneven, especially |4m Zin on light and medium weight hogs |Artloom

Bath Wks. . creased receipts largely responsible. {Blumenthal of.

ere about steady with. the close last. ¢

East Podak ,

1% Greyhd 5% Be Hae

Holly Sug ..... #%

HeRRas

5.00 w

8.25@ 8.75 | SUpPOrt

00|0-2 points over last week.

aa| DAILY PRICE INDEX|zu

i¥ | price index of 30 basic commodities, $7 (1930-32 average equals 100): hi

High Low

6 15% Be 1% 14 163%

55 6

m Am Water W

Asso Ay feo AtDison

CEE LE

Barker Ph pf..

Beth ee ay

» oe

Borden

Bdgpt Brass ... Brows Shoe .. Bucyrus-Erie .. Budd Wheel .

Cal Packing...

1: 1+ HHL]

a Caterpillar T.. Certain-td 6px! Chi RI %

iii

412 102%, 17 41% 1%; 8%

Coty 41a Crane Co cv pf.102 {a Cream Wht 191 Crown Sofx wit 4h ‘Curtis Pub 1Y Curtiss Wr .... 865

a [un 14% 14% «v0 130) 130 oa fe «+134 131 Elec Pwr&! 2a 3% g Pu 5 Firestone T . 12 16% Freept Sulphut. 3% 35% are Groen 4% Gen Foods pt 11d en G&E

Ge 7-16 Gen Mills pf . aa, Rt;

- 8 Ue 54%,

Dev & R A Dow Chem

Gen Bronze ...

1... Greyhound 11% 1134

tae terchem pf .. 11102 si 80Ys

t Harvester: ickel wie P&P

tT & T . 0. : T&T For |. sland Cr Coal.

27% rm] — oils 21% 17% 11% we

"43 26Y 3) 4

ress Kroger G&B | .

Lehman Loft Inc

Makin (Glenn) Mathie:

Mor & Ese oh

Net Last Change

papper’ pe gn

ra SE senses

Keeping Steaks Fresh

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

NYS TOCKS

By UNITED PRESS

DOW-JONES STOCK AVERAGES

80 INDUSTRIALS SAUrdRY oc couvessenressrrse . 124.71 40.41 Week Ago ... wa 122.67 «0.61 Month Ago . . 133.25 —0.24 Year Ago ... . Holiday High (1941), 133.59; Low, 122.68. High (1940), 152.80; Low; 111.84. 20 RAILROADS: Saturday ...... vescssaoneesy 28.26 +4-0.05 Week AZO cocccccsscsssectsa 27.94 —0.16 Month AZO .cicecevscssocsee 20.57 —0.08 Year Ago ...%cccecces shan Holiday High (1941), 29.78; Low, 27.94. High (1940), 32.67; Low, 22.14. 15 UTILITIES Saturday ecevscnssase 20.00 —0.07 Week ARO ...coceesscesecess 19.55 —0.01 Month Ago .. . 20.65 0.12 Year Ago Holiday High (1941), 20.65; Yow, 19.53. High (1940), 26.45; Low, 18.03.

ssestsnsssen

Net High Low Last Change 45 45 + ¥ 5 5 +

TVs nese 24% + % Tn

Fat id 6 pf .

No Bo Ind ... New News Sh . 24% N I Cen vee 13% NY vices 28 No pack C «ese 6%

+ %

Parramnt Pict . Pathe Film ... Penn Pee Gas ... Pfeiffer Brew . 7% Phelps Dodge .

Jhila RCI... % Phillips Pet ... 37 Pitts & W Va .

I+ 14+++40 |

FB ORFREEES ®

+113

Radio Radio-K-Or pf . Reo Mot vtc ... 1% Republic Stl 29

Ea Stl pf 100% Revere . Reyn Tob B .

62% oa + St L-S Fran ot. 5-16

Servel Inc Sharon si vf pt.

Std O Be ve Min.

tit

19% 100% 33% lie

e Cop .

PSS

.. 33%

re. V/s Ty an

114 : 107% a 0° . 11%

87% 26 ven: 9 . 33 587 19 . 347

Pll

£ = te i so

+: +I:

. . . .

Tex Gulf Prod Tide W A Oil.. Timk-D AX ..

Union Carb ..

Un Tank ....e Un Aircraft... nited Drug...

nited Fruit..

26% 24 Nat Acme ceevo 18% 13%s

at Gypsum '.. 7%

STOCKS ARE HIGHER IN QUIET TRADING

NEW YOR¥, Feb. 10 (U. B.)— Stocks were irregularly higher in quiet mid-seiison dealings today after an early rallying attempt had disclosed Jacl of follow-through

Bethlehem Steel and U. S. Steel rose major fractions and then gave up virtually all the gains. News

U. S. Steel reported shipments by subsidiaries ‘in| January were the

record. The American Iron & Steel Institute announced this week's steelmaking rate at 97.1 per cent, equal to the all-time high on a tonnage basis set two weeks ago and

Woolworth dropped 1% to a new report showirg net income at a new volume of business. Motor shares, rubbers and shipping issues were firm. Columbian Carbon and Eastman Kodak were up more than a point. Du Pont replaced an eerly gain of more than steadied

ception of Iacific Gas and United

Yellow Tr 14 Young Sheet .. 37

apolis Bond & send actual price of offer:

recent transac ons,

Home T

1941 low af 31% following its 19405,

low since 1232 despite a record v

Lp BL a point with a small loss. Rails|ing A around Saturday’s final [Indp. levels. Utilities held well, with ex- [goy

U U U U

Steel.cees

yalworsh Bak pf.. or ar Sup. Westing El .... Noolworth ee..

32% re ne 14% 37

LOCAL ISSUES

following Saotations * the Indian0 not repres, but merely ate the Approximate market level buyin d selling Quotations of

tocks Bid

The

Agents Finance Corp Som. oe Ba Belt RR & Stk Yds com..... Belt RR & Getta) md. POV: 1% from the industry was favorable. |Sook j an 5%

& Stk Yds pid ..... 2

fd....100 00! Dru Inc fon Ft Wa

second highest for gny month on S80 Sel Ser

com ares ind A Elec S 1% fd tree

1s P&L 594% pid carreeeedil pls Water 5% pfd ..... ig 4ncoln Nat Life yy com ... Ind Pub Serv >/a%, fd. otis Ind Pub Serv 6% p ses “10 Ind Pub Serv 7% Be id"... 118 rogress Laundry com. . Serv Co of Ind 6% pfd... 5¢ » pid...111%2

d id

i aereesee 1

Mil n Camp Milk ¢

American Loan eB 81. American Loan n

Consold F'

Gitizens Ihe Toa Jo wg

fi TE bag: 3.

Co 3iks RE

Crabt-sevn

new lows on small losses.

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

compiled for United Préss

Saturday | «.ieecoececcccesss. 123.82 Week ABO Kscecsescecscsssss 123.43 Month Ag 0000000000000 123.98 [Year Ago &i.....cs00....« Holiday

Gas Improvement, which reached N

Jonge ( ound) Canada (dollar) ....

Ital

1941 High (Jan. 9) ..ceeee.. 125.21 Sv de 1

0 4 mL Woter' Trac Term

*Ex-divide -

FOREIGN EXCHANGE

YORK, Feb. 10 (U. P.).—Followng are noon cable Tals Ra ns, or Te Che

aT 00 1-18

gi wii

a ra) mer] aa “ee ES Is (fr ka) .

seeven

Ree

1941 Low (feb. 4) .......... 123.34

(yen) Eoin Ypeso

snsencces escccnn, ssi

‘New homes are going up—and so

age family can afford to build grandfathers never dreamed of.

Member Federal Deposit

GOING UP

With the FHA plan of convenient monthly payments, the aver-

SEE US FOR DETAILS

‘The UNION TRUST COMPANY,

are home standards. and enjoy home comforts our

Insurance Corporation

‘ Oldest hoan

grain elevators

or io Th 8 Cy Soc:

EE the ot State

: ANS

The CHICAG

on on Everything

Diamonds, Watches, Autos, Cameras, Clothing, Shotguns, Ete. JEWELRY

Ssavenva |

THE INDIANAPOLIS TIMES —_

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 emperimenting 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 Yoom, 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. Tenderization 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 about 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

i |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 Net

material prices amounted to $2,-

968,497 equal to $349 a common |p

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

American Chicle Co. 1940 net profit $3,670,000 equal to $842 a

{share vs. $3,834,553 or $8.79 in 1939.

“No. 18

in his phone’

Many physicians use their

Your F ederal Income TYE

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

A professional man may deduct all necessary expenses in the pyeult of his profession. These include the cost of supplies practice, office rent, cost of light, water, fuel and telein his office, the hire of office assistants, and expenses paid in the operation and repair of an automobile, based upon the proportion ‘of time it is used for professional purposes. 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 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. Insurance premiums on office or other professional equipment and .liability insurance may be deducted. A premium paiq for automobile liability insurance should’ be apportioned and that part of ‘the premium attributed to business may be deducted as a business expense.

incurred

rooms

e cost of profes-

BROKER DENIES HE

‘RIGGED’ MARKET|

NEW YORK, Feb. 10 (U. P.).—

Joseph L. Merrill, Wall Street brok- | po

er 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- [I mond Shoe stock since he became a director of that company 12 years ago. The SEC filed charges against Merrill 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

poate,

United Fruit Co. Loses 8 Vessels

BOSTON, Feb. 10 (U. P.).~—United Fruit Co. disclosed in its annual rert 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., Hammond; articles accepting provisions of e General Corporation Act of 1929; 1000 ® hares of $100 par value.

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

Jess McKinney’s Men's, Store, Inc., 505 alnut St., M agent, Jess McKinney, 2814 S. Jefferson St., Muncie: 1000 shares no par value; operate clothin, ng Sores: ae Jess McKinney, Nie Rigas, Gladys Cc:

Southeastern Indiana Generating Co., 306 FE. Third St.. Rushville; agent, Ral) ph L. Morgan, : d 3 Shares common of $100 ing and selling, etc., power plants, achinery and -|equipment and saline mn in electric supplies: bo Eastman, Ral Morgan, A. er.

Whitley Realty, Inc. , Columbia City: dissolutio

Fes Stevens Used Car Co., Inc., Bloomington; amendment changing name to Harry Stephens, Inc

Thomson’s Homes. Inc., of Gary, Indi ana, am Broadway, Gary. 3ESNE, James U s Thomso R.F.D, 133 es preferred x %100 $e value on 1325 shares common witheut par value: building and real Wee. pe ustness; James U. Thomson, Earl Seevers. Nelson-McGraw. Inc.. 916 Central Ave.. Connersville: agent, Roy E. Nelson, same address: 100 shares no par value; dealing

Indianapolis;

i|the periodical said.

in automobiles and accessories and ope rate finance and insurance ney business Roy E_Nelson. Flossie GO. Nelson. Harold c Kleinschmidt Realty eo" Sam, dissolved by decree of ¢

U. S. STATEMENT

WASHINGTON, Feb. 10 (U. P.).—Government expenses and receipts for. the current fiscal year through eb. 7, comMedley Distilling Con

pared with a year a 0; Last ¥ Owen ast Year 48.608.216. 821. 67 $5,883.703,457 74 | Foes ciinss “48: rademiri Te 3, 90.3 54.61 3249.3: 3, e Montgomery Savings Association, 319 .368.06 2,434 Crawfordsville. amendment changing number of directors to five. Nixon Newspaper. Inc., Wabash, amendMent changing number of directors

i Je Sylvania Corp., Massachusetts cohporation. amendment of articles of inRenin 1 amer “ware corporation, admitted to Indian , 000 engage IB trucking and transporta os usiness.

Customs ... 199,885,360. 385,560.83 a9,

INDIANAPOLIS 5. CLEARING Gleanings . we

"Mell ye ;

to| ters,

an Freight Lines. Inc.. Dela- ;

+ LOCAL FIRMS!

BUY PROPERTY

Industrial . Center Spdoe Is Purchased by =’ ‘Manufacturers. IE

Four units of the ) Industrial Center, East Side pian mark, have been sold to Present; manufacturer-occupants.

Klein & Kuhn, managers. of he: property, announced. that a J stantial portion of the Centar Has" been purchased by the Indiana Clear’

Works, , Emerson uring - “Tank ‘Co, Zimmer Paper Products ont Je C. Ertel Jr.

The Indiana Gear Works, makers of gears for high-speed military airplane engines, bought a one-story building at 1458 BE. 19th 8t. =. Emerson-Scheuring Tank Co, Producers of tanks used in TARUASE of chemicals, foodstuffs and ages, acquired an acre-and-g«] unit- extending from Ave. to Sheldon St. The Zimmer Paper Products co. which makes printed waxed paper bought’ peonerey at 1450 E. 20th Bt cont, some 40,000 square feet’. of building. The Erte] Machine Co., makers of parts for automotive ‘equipment, purchased a portion of the Martins. dale Ave. frontage. which it intends” to remodel, The Industrial Center was | inally the Atlas Engine Works, later as the Midwest Engine Works In its early days, the Atlas Works’ was: & world-renowned company, : manufacturing steam engines. In 1928 it became the Indianapolis Industrial Center, providing quarters for small industrial firms.

RAILWAY BUYING BEST SINCE 1930

CHICAGO, Feb. 10 (U. P).—

W.| Railway locomotive orders in Janu-

ary were the greatest for the month since 1030 and freight car orders rose to the best level since. ada magazine Railway Age said Jday, Last month the r nation ordered 78 locomotives, He freight cars and 130 Pasteffep Sars. ia December. ¢ there were ordered 80

M.|7637 freight cars and no

cars while in January of last x orders were placed for 50 'locomos tives, 479 freight cars and 4 passene: ger cars. The magazine declared that the January boom in equipment buying “strongly supports” ite earlier pree diction that railway buying in 1941 will exceed $1,000,000,000 and night: # even reach $1,100,000,000. : Highest level. of railway orders ' reached in the last 11 years was $874,000,000 in 1930.

v ?

LOCAL PRODUCE Ts

Heavy hens, 14c; No. 2 hens, 11e;" Le port Fork 1 akin, ep 3: arre nt and over, 19¢; No. 2 bollers, 168;

Te. Indiana Grade “A” large Indiana ® Grade SAY mn um | Indiana Small Grade “A” and No.

2¢: ade, 12c¢: no gr io. 3, a

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athe. oh oo, 2 ‘Noo @33c: « No 2. 2 c; (Country pickup prices duoted” by! he Wadley Co.)

"| Get Plenty of Business From My Little Want Adin THE TIMES"

The Opinion Held

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—

RO ETRIES WLR 73 do Roo NS:

say for the results he is getting. Small Cost Big : 7D venrseuenss 31.80 12 Words ; Doo $120

Every Business Man Can Profitably Use a "Business Service" Ad; in...

TIMES Want Ads Phone For Complete Details.

OF TI LW TA Tea . - rp

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

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