Indianapolis Times, Indianapolis, Marion County, 18 April 1941 — Page 28

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PAGE 28

BUSINESS

The Steel Industry Has Another Worry on Its Hands—Plastics

—BY ROGER BUDROW

THE STEEL INDUSTRY HAS ANOTHER WORRY, in addition to the present freezing of prices by the Govern-

ment. The new worry is the plastics industry.

Plastics have Siresdy made some inroads on the steel |

of the Defense Commission which is trying to conserve steel | |

= PLAN VOTE ON :

The American Iron and Steel in stitute believes these losses small ones — ay least for

present — observes t iy Y the growth the plastics — dustry thus far has actually] helped steel mills inasmuch as steel is need-| ed for new fae-| tories and equipment. | But still there! is a worry about

Final Step y 16 Be Be Taken at! Stockholders” Meeting Here April 30.

Stockholders of five Indiana util-

the future. “The plastics industry, » ity companies will meet in Indithe institutes reports, “is basically anapolis Wednesday, April 30, to en industrial chemical development, vote their approval or disapproval

Roger Budrow

UTILITY MERGER

These are the first machine guns turned out by General Motors on its $61,000,000 Government contract—and they're months ahead of schedule, according to General Motors President Charles E. Wilson, In the new new glass-walled, five-acre plant of the Saginaw Steering Gear Division at Saginaw, Mich., the guns are prepared for firing tests. Guns are being turned out at this plant and at the converted AC Spark Plug Division at Flint, Mich. Two other General Motors plants, a new Frigidaire Division plant at Dayton, O., and a converted Brown-Lipe-Chapin plant of the Guide Lamp Division at Syracuse, N. Y,,

will make machine guns. Two sizes are being produced, 30-caliber and .50-caliber, air-cooled Brownings.

THE DIASTOLE TIMES

New Machine Guns—Ahead of Schedule

FRIDAY, APRIL 18 1941

PRICES ON HOGS ARE UNCHANGED

Top Holds at $8.50 Here as 7150 Porkers Arrive at Stockyards. HOG PRICE RANG

Tor $8.95

Receipts 5,466 11,530 4,255 2.28% 10,290 3,000 11,161 10,032 7,539 12,204 7,150

April 7 April 8°... April 9 April 10 April 11 April 12 April 14 April 15

Passes AAt RRR

sesntasnasssassasess 83.98 ‘vesssee 895 sessssssassassasss 3.80 April 168 .....ciiviiinnnnne. 8.80 April 17 ...iivvtinninnnnes 8.50 April 18 ....

At Stockholders’ Meetings

Douglas Wants More Cost Plus Fixed Fee Contracts

Douglas Aircraft, said Donald W. Douglas at the annual s holders’ meeting, is being asked to take on about $800,000,000 worth fof orders. It will be able to turn out $100,000,000 worth this year. But, with prices on materials going up, he doesn’t want to contract for planes 3 flat price—would rather make planes for cost plus a certain fixed Half the unfilled orders are on that type contract now and Mr, Douglas would like even more on that basis.

o » ¥

Directors of New York, New Haven & Hartford Railroad aren't sympathetic with the plight of stockholders in the road’s reorganization proceedings, two disgruntled stockholders claimed. They (Harry W. Har. rison and Robert E. Smith, New Yorkers) tried to oust all 15 directgrs, failed because they lacked enough proxies.

2 u #

“

” ” 8 ” » 2° Will H. Hays, tsar of movies, owns $25,000 worth of Chicago & Easte

ern Illinois Railroad income bonds, 625 shares of its Class A stock and 200 shares of its common. He is a director of the railroad. In annoufice

HOGS and Gilts

Barrows pounds pounds pounds | 00 pounds | pounds | {

pounds pound

Soo gou

operated by well-established and progressive manufacturers, Known for their intensive research. Their activity will undoubtedly cause radjcal changes, which through new materials. new processes and lowered costs, may result in entirely different competitive relationships; between plastics and steel, other

of the merger of these companies into a single new corporation—Public Service Co. of Indiana, Inc. If the plan is approved by a majority, the consolidation of Public Service Co. of Indiana, Central Indiana Power Co., Terre Haute Electric Co, Inc., and their subsidiaries, Northern Indiana Power Co. and |

N. Y. STOCKS

Air-Way

High Low ln si

14872

|Dresser Power Corp., will become | | effective June 1.

Approved by SEC

than those ‘existing today. » = = REVERSE ENGLISH: Steel ex-|

perts figure that because the GOV- cesterday by the Securities and EX- |

ernment froze steel prices in the change Commission at Washington. Am face of advancing wage rates, the | Sanction of the Public Service Com- | Am

re | mission of Indiana was given sev-| eral weeks ago. Under the amended consolidation plan submitted to the SEC Feb. 20, the new company will issue 5 per | cent cumulative preferred stock, $100 par value, and no par common stock with a stated value of $25 | per share. It will exchange these | securities for the present publicly-

Federal Treasury will lose mo than $120,000,000 in excess profits taxes this year. With steel prices the same as they have been this year, producers will take wage raises out of profits

instead of passing them on to the consumer. This wil] lower the margin of excess profits for the indus-

{Am Can |Am Crys 8. s ‘pf 83 . {Am & F P | Am& The merger plan was approved | {ims

. 12 148 267% 833%

El . Allied Chem .. Allis-Chal . 2634 8334 sk

13 16 332 4% 1% 6

1334

3 FPwr $6 ‘pf 137 a FPwr $7 pt 16 aw SS 33% Mach&Met Pwr&Lt ...

Ra Roll ail. R

{Am T& Am Ty Am

ype F “i Water W .. Am Wodien pf.

| Anacon Anac WikCable. 2612 | Atchison 25% | Atl ohh | Atl Refining “ein Atlas Corp .e sits Corp .

Line

{Bald Loco ct ... Bath Ir Wks ..

Net Last Change | 1 .en 1482 1 a

1a } 1% |

15 3% 1

Gh «

By UNITED PRESS

2 Month Ago .....oene

“nee Ne

IDOW-JONES STOCK AVERAGES 30 INDUSTRIALS | Yesterday Week Ago vess+ Holiday { vere 12247 1.13] | Year Ago | Migh, 1941, 133.59; Low, 117. 66. | High, 1940, 152.80; Low, 111.84, | 20 RAILROADS Yesterday 28.2% Holiday 27.91

High, 1941, 29.75; Low, 26.34. | High, 1940, 32.6%; Low, 22.14, 15 UTILITIES 18.45 —0.04 Holiday 19.81 —0.13 24.50 -—0.10

Yesterday {Week Ago ....... Sesbatbanat {Month Ago . | Year Ago High, 1941, 20.65; Low, High, 1940, 26.45; Low, 18.03,

pound

{ G. A. Van Der Woude reported, but the remainder of the year looks more

ing this and that stockholders will meet May 15, the company said three men were up for election as directors, per agreement with Reconstruction Finance Corp., John W. Barriger, Roger C. Hyatt and Frank C. Watts.’

” » # #” #

Unless there is a drought this summer, said Thomas H. McInnerney of National Dairy Products Corp. there will be plenty of milk for this country, even though the public is buying more. But whether prices: {80 higher depends on how much milk products Britain has to have,

LJ ” "

Shell Union Oil profits this quarter weren't as good as last year, R

” ”

favorable. He cautioned against over-optimism because of “conditions, prices, taxation, ete.”

Ld » ” » #” ”

Despite rising labor costs and taxes, industrial companies probably

will earn and pay “reasonably satisfactory” dividends “for the duration,” Francis F. ‘Randolph . of Tri-Continental Investment ‘Trusts believes.

118.16 —0.44'

+005

WHEAT PRICES LOSE

Medium —

0 pounds pound

s s pounds s s

160- 200 pounds

CENT AT CHICAGO

Packing Sows

Good and Choice— | 250- 3% pounds

330 pounds

CHICAGO, April 18 (U. p)—| 80:3 390 potmds

Wheat futures on the Board of | 3 {| Trade dipped about 1 cent a bushel | today. | losses. undertone, trended lower with wheat. At the end of the first hour, | wheat was off —0.06 90%e. 30.3% +0.07/1

gC, oats off 1% to 1: %¢ and sov beans off 3 to 13%ec. | Wheat started about lower, lower under selling through houses | with Eastern connections. was also some professional selling | induced by beans and lard.

Soy beans suffered sharp |Meadi Corn displayed a steady while other

Corn was unchanged to up to 13%c¢; rye off 11%

12 cent | steadied and then turned

Ther

the weakness

360- 400 pounds 00- 450 450 S50

grains | Medium and | 90- 120 pounds

cers enataanae ounds ounds

Setsatsanenan

Sr areas

250" 500 pounds

Slaughter Pigs Good—

CATTLE

| Cho 750~ 80 900 pounds 900-1000 pounds 1100-1300 pounds 1300-1500 pounds Good— 750- 900 pounds 900-1100 pounds 11100-1300 pounds | 1300-1500 pounds .. | Me pound in 750-1 pounds SOY | 1100-1300 pounds Common-—

ssesssetrrene

750-1100 pounds

PE ]

nooo

fo OF NEW LIFE Steel Men Form | INSURANCE GAINS ,, Defense Group

NEW YORK, April 18 (U. P.).«NEW YORK, April 18 (U. P.).— | Formation of a new “iron and steel New life insurance written during industry defense committee” to co=

oo wo

9 993 ane 8 S58 838

2 to 1 cent, May |siaughter Cattle & Vealers (Receipts, 304)

RRONN WWW Jnana nooo

Pe TE dd edd » oO 1 oN oc wo oon 38388

® O99 e830 S339

March showed an increase of 5.1 per cent over the corresponding 1940

quarter this year was off 1.1 per cent from a year ago, the association of Life Insurance Presidents reported today. Total .new business of 39 companies, representing 82 per cent of total life insurance outstanding in all United States legal reserve companies amounted to $646,925,000 for March compared with $615,607,000 2 year earlier. New ordinary insurance accounted for $455,226,000 of the total, against $439,506,000 last year, an increase of

month, but volume for the first]

operate with the Office of Produc= tion Management in speeding dee livery of steel for the defense pro= gram was announced here today, The new committee, formed at the request of the OPM, will be headed by B. F. Fairless, president of U. S. Steel Corp, and will in= clude 30 top-ranking officials ef companies producing rolled and finished steel products. The exact procedure by which the committee's work will be car= ried out has not yet been de= veloped, a spokesman for the group

held shares of Public Service Co. |; Indiana, Central Indiana Power Co. | and Terre Haute Electric Co. in-|Blaw-Knox {cluding accumulated dividends. In | Boeing Air iaddition, holders of the prior pre- Bren Brass ferred stock will receive cash pay- | Bulova W ments. The basis of the exchange is as follows: Public Service Co. of Indi-| jana $7 cumulative prior preferred | stock will receive one share of new | preferred, one share of new common, | Ghrysier. ....... and $28.54 in cash; $6 cumulative |Colgate-P-P_... ministrative costs if it could take a prior preferred will receive one [Son Solvents .. . written promise to pay instead of share of new common, and $21.75 in | Comm Edison. taking actual possession of wheat cash; and $6 cumulative preferred {cons Patton 6 in payment of crop insurance | |stock will receive six shares of new Fons premiums, Agriculture Secretary|common. Cont Claude Wickard said in asking Con-| Terre Haute Electric Co. Inc. &S gress to approve such a move. . preferred stock will receive 1.20 Several underwriting syndicates are shares of new preferred and $1.50 being formed to bid for new utility in cash. | stock issues Soning Sut soon. re $108,493,133 Capitalization has ruled there mus COmMpeUllve| @antral Indiana Power Co. 7% tbidding and the New York State|....1ative stock and 67% cumulative | Bee & &iElectric & Gas Co. issue (45 mil-| pororred stock will receive one |Dow Chem. lion) and Philadelphia Co. bonds] share of new preferred, two shares (60 million) will be first test of thes new common, and $11.25 in cash. | [Elec Boat plan. . . . Interior Secretary Harold| “my, five utilities serve 221 000| L. Ickes wants Tacoma, Wash, 0/gectric customers, 49.000 gas Feir Morse ... 38 wait until “emergency” is over be- | customers and 26.000 water custom- | First Strs.. 37 fore it builds an $11,000,000 power . . 5 nore than 600 central and |, plant on Nisqually River, He added southern Indiana communities. | |Gen Electric es that Bonneville power project Will|s4 many points their gas and elec- |Gimbel Bros ... provide plenty of “cheap Federalli; "¢r\nsmission lines are already |Gmpel Pf in power” for them. : Treasury's |; erconnected. Total capitalization [Goodyear pt ... new tax program ($3,444,000,000) | ¢ te new company will be $108,- Grant WT omeans an average increase of $26.49) 493 133

Greyhound Op.. Gulf Mo & hO.. in Federal] taxes for every man | woman and chiid in the country, | NATURAL GAS RATE

bringing average up to $71.02 but Times Special

said, but an executive sub-commit= tee already has been appointed consisting of Mr. Fairless, T. M. Girdler, chairman of Republic Steel, Eugene G. Grace, president of Bethlehem Steel; E. L. Ryerson, chairman of Inland Steel, and Erg‘est T. Weir, chairman of National

try to the point where about twothirds of the wage boost will be deductible from 1941 tax bills.

Steers, Heifers

3.6 per cent; industrial $148,978,000 against $138,545,000, a gain of 7.5 per cent, and group $42,721,000 against $37,556,000, up 13.8 per cent. For the first three months this year aggregate new business was $1,809,419,000 compared with $1,829,185,000 last year.

Last Chane CHICAGO LIVESTOCK | Choice

| pullogs—Receipts. 6000; paket slow, but | Good 0 Pounds y on all weights and sows 0 and hoice 180-240 1b. weights, “4850 a 500s 750, pounds 8.80; few lots, $8.85 with x 90 naid s ingly; 240-270 Ibs. [email protected]; 270-330 Ibs. | $8.25@8. 50; 160-180 Ibs., [email protected]; good, 400-500-1b. [email protected]; few "lighter |

weights, 1000; 400;

High ese. SYA Va .. 3012 2 X 3 . 205% s io 513% —— 245g

Bigalow San ... [email protected]

[email protected]

» = ODDS AND ENDS: Just as in the steel situation, coal mining companies are expected to ask for| higher minimum prices for their |

coal] because of wage increases. . . It would save Federal Crop Insur-| ance Corp. 10 to 15 per cent of ad-

1 . Chote | so S00 pounds

Gooe 200 pounds Mediu 500- 360 ) pounds Comm 500- 900 | pounds

[email protected] [email protected] [email protected] 7.50@ 8.50

3 EERE 8

Callahan Zinc Carpenter Sti .. | Celanese | Celotex {Celotex pf .... 2 Ches & Ohio .. 3

Cattle—Receipts, calves, slow, : steady peddling market on medium to good | grade light steers and vearlings: weighty | steers very dull, but very few offered: “de- | mand having become especially narrow on prime scaling 1200 1bs., upward unless such cattle strictly choice; most light steers and | G00 {yearlings today. [email protected]: short load | choice 1050-1b. yearlings, $12. 25; pringling heifers, [email protected]: best, $11; beef cows, | Can weak and canner and cutter cows 10 to 15 cents lower; cuters selling at $6.75 down: most canenrs, [email protected], with very light kind to $4.50 and below; bulls steady: weighty sausage offerings to $8.25: vealers weak with Thursday's decline: light offerings, [email protected]; choice, 150-175-1b. offeri ngs, L130: week-end trade cn stockers feeders very slow, but assortment: a comprising only medium to

1s Warner Bros ... 14 {West Md 12 {West Air Bke. 7s {| Wheel Steel .... Den

33%

5 1812 23 121% 4's

3 © 18% 121% 4% —Y— « 313; 14;

*2 | White SS 3s {Wale Sew M. ls

10 2613 187g

254 3

16 | Yong Sheet . ve [ns Rad ....

’ * 1

USE YOUR CREDIT at

WHOSE INS CLOTHING COMPANY

131 W. Washington St. .! Directly Opposite Indiana Theater,

FURNITURE IL}:

324 W. MORRIS

EASY TERMS

Buy vour Spring Hat' where vou really see Hats.

$2.95 ® $85 LEVINSON

Your Hatter

ter] 2a LR

ALL-WOOL HAND TAILORED TL hl TLR FACTORY GREATEST BRANCH CL [email protected] OR MIN AND YOUNG MEN

[email protected] | ERT ERT Le) ST.

e399 9 0m 335 3

Cutter and common ieee Vealers

Good and choice “vey Common and choice.... Cull .

| ase i 883 oQ

| Cutler-Ham

Feeder and Stocker Cattle’ Steers

1% Bs (Receipts, 504)

12604

| Deere & Co.

Choice— 500- 800 pounds ... 800-1050 pounas Good -

500- 800 pounds 800-1050 pounds Medium 500- 1000 pounds Common500- 900 pounds cibitiene .“ Calves (steers) Goo. and ehoice— 500 Sounds down ... Medium 500 pounds down

Calves (heifers)

Good and choice— 500 pounds down

12614 seseesnes [email protected] tesssansanees [email protected]

[email protected] [email protected]

8.75@ 9.50 7.75@ 8.75

set asssnannns

asst

tessa ttranane

OPEN EVENINGS - FREE TAXI «

. -

oD [email protected] 500 Nhs down [email protected] SHEEP, LAMBS (Receipts, 501)

Lambs

Good and choice Medium and good

Colonial Thrifty Savings Acd counts are Insured by Govern ment Agency up to $5,000. A

Kemi-Coated 69¢ HOSIERY Colonia BE an 4

MILLER-WOHL Co. Member Federal Savings & Lean wl

45 E. Wash. R1-2230 5 South ners. St.

Something New and Different

Hupp Motor ...

the actual total for the “average taxpayer” will be much higher because everyone knows, as does the Treasury, that children and many others do not actually pay taxes. . « « Several Georgia cotton mills

Inspiration Cop 10 Intercon Rub ... 3% Int Harvester .. 443; Int.M Marine .. 7la Int Nickel Int P&P Int R © Am pf.

y Work. Bali with $20 Debt. Utili-| Gold Res. 22/421 433,872.70 18.611.000 863.94 Coppers [Customs .. 288,095,500.68

282,098,360.82 INDIANAPOLIS

141% 2 yy | i | “ SINGE FRANCE FELL £55 grade for most part: good clearing Shoits Sockers and calves early in week ‘Sheep — IR eipts. 9000; late Thursday | NEW YORK, April 18 (U. P)—| fed lambs closed moderately active and |Stocks made an irregular decline firm: fully steady with spots AMAL er accou é | loday with the industrial average | ghoice 33-100 Ibs. fed wooled EWestorn, | > 1 @ wei ier kinds, $10.75 down; ens a new low since France summer shorn Ee in $10. 35, most ell last June. Trading was light. clipped, $8.65@9; light native ewss, $7.50 Losses extended to more than a| down; odd head spring lambs, $11.50@15 t ti Wid 1 on specialty account. Today's trade; fed “ { poin in ve TE I er losses lambs, opening slow, particularly because s were in Alli emical 14815, off |{ er asking prices an ower bids; i {load or two medium to od V |1%; Bethlehem Steel 70's, off 11%; |ern lambs early. steady 200.80 ar vet: : | Chrysler 577%, off 1%; du Pont, best offering scaling less 100 lbs. (14015, off 1%, and Eastman Kodak "| off 1. U. S. STATEMENT % | Elsewhere, declines were frac-| WASHINGTON, April 18 (U. P.).—Gov|tional. A few issues rose against ftament expenses and ereceipts for the % the trend, including Dow Chemical, | pared with a year RG: 0 ApH Uy, com: which gained more than a point, | (Ts. year Last Expenses . $3. 319 648,251.22 60! {and Curtiss-Wright, Phillips Petrol- | Receipts ... 5.571,206,583.0 So it 96 89 eum. Union Carbide, Woolworth | SIoss, 2 353041 088 3 3,013,623,213.57 hl: and North American. : 210454380041 2 - | : 1,359,380,365.71 al Railroads turned down 47180 832 800.92 .. | Santa Fe off nearly a point. ties were slightly lower, had fractional losses.

Ewes (wooled)

Good and choice Common and medium

CLEARING HOUSE Clearings $ 4,135 Debits

131% 343%

5,000 10; 838, 000

Kan

are working Sundays to keep up with orders.

SIMONDS RAISE PAY

LOCKPORT, N. Y. April 18 (U. P.).—Approximately 799 employees of the Simonds Saw & Steel Co. today were given a 10-cent an hour increase in salary. The action conformed to the rising wage level in the steel industry.

WASHINGTON, April 18. — The | Federal Power Commission has postponed until June 23 the public hearing scheduled to begin next Monday concerning rates charged for natural gas sold by Public Service |L Co. of Indiana to Northern Indiana |L° Power Co. Public Service Co. of Indiana, in an application for continuance filed with the Commission, stated that the proposed consolidation of the

C Sou Keith-AlL oO pt.. Kennecott

Leh V Coal pf.. lemel Si “ Ligg hes & & My P

Martin (Glenn) asonite Corp. Rob & R pt Minn-Moline ... Mon

1 T. 843% t. 1185

27% 2 8434 17834 163 16% oki 0) 2534 25% 202 20% 3 27 2%

3 7a

two companies was expected to be consummated as of June 1. The Commission on Nov. 26, 1940, suspended for five months the schedule providing for increased rates for natural gas sold to Northern Indiana Power Co. and directed that a public hearing be held.

OTHER LIVESTOCK

CINCINNATI, April 18 (U. P.) .—Hogs— Recelpis, op market active generally teady. $8.60 for good and choice | 180 20-1b5.. Ps. 30; 300-350 Ibs. $7.90@8: | 160-180 lbs $8.50; medium and good 140160 1bs,, $7. 60@8; most good grade packing sows, [email protected]. Cattle—Receipts, 400. Calves—300. Slow cows steady to weak with bulls easier. Medium and good steers and heifers, $9.50 @10.25; short load 755-1b. mixed cutter and common down to $8.50; cutter and common cows, [email protected]; canners, [email protected]; sausage bulls, $7@8; vealers weak to 50¢ lower. Good and choice, [email protected]; cull and common, [email protected]. ep—Receipts, 300, Steady, ge Wh weights considered. Truck loa 500d to choice 69-1b. spring lambs, choice 50-80-1b, as high al $14; Small lot clipped 82-1b. lambs, $9.50 and double good 95-1b. shorn around 60 days, $9.75; sheep steady.

FT, AYNE, April 18 (U. Steady we 30 cents higher; 80-2 bs. $330:

{IAI Dealers ITTITHIE

FIRE-CASUALTY AUTOMOBILE INLAND MARINE INSURANCE

for Careful Property Owners

at Substantial Savings

Wa. 2456

Annual Spring Sale Out sof *Pawn MEN'S SUITS garments have

been dry cleaned

and sterilized and are in perfect condition, Many carry the label of the country’s leading elothiers, and are featured at prices yom can’t afford to miss. $1 Holds Any Garment In Layaway

P.).—H 200-220 160-180 0- 20

bs. ibs.,

J 1 $7.45; 5.

oughs $5.75; Hi $11; fed ern aa

"$10.50@

We are featuring 3 mammoth selection of men’s Jatest style suits in every size and description. These

Sat. Night

Nash-Kelv Nat Cyl Gas ... Nat Dairy

ality | B

nsgnto Br 80 Monsanto pf B. 117 116% Mont Ward ... 33% x Mueller Br .... 19'2

192

WO em a»

Nat Gypsum ..

a] a

fo ph (3 It 0g pl pt a

DLLINLI

Fle 147% Owens SH Glass 42

Pac GRE 26 : C138 18%

358 113 27° 187 31 263, 10:2 3%

Radio gbirees 3% | Republic Stl .. 173% Republic Stl of 100% —— 6955

- Oa Orin on a

Sears Roebuck . hell Oi

pont

aaa

hd ed 03 oe 00 3B

a p-

w < -

Tenn Corp Tex Gulf Prod .

Transamerica .. Tri-Cont

Union » =. P. . . 10% 76%

Va |

LOCAL ISSUES

The ‘following quotations y the Indianapolis Bond & Share Corp. do not represent actual price of offerings, but merely indicate the approximate market level based on buying and selling quotations of recent transactions. Stocks Agents Finance Co. Inc. Agents Finance Co., Inc.,

Bid Ask |

Belt RR & Stk Yds

Belt RR Central Ind Pow T7¢ Comwlith Loan 5% pid .

Mich Elec Br pfd.. Ind Gen Serv 6% pid

Ind Pub Serv 52% pfd N Ind Pub Serv 8% N Ind Pub Serv 7% pid pfd..

Fie Laundry com | Pub Serv Co of Ind eo pid.’ ..100

{ Pub Serv Co of Ind 6%

| Terre Haute Elec’

- NONGT Pt DD —- wpa 1209.00 m3rs 136355 0 LC

DELI LIND Rr Nr OIA EIN

Jnion Title Co com Van Camp Milk pfd Van Camp Milk com Bond

| American Loan 5 51 ...... | American Loan 5s 46 . Consol Fin 5s 50 aes Citizens Ind Tel 4%s 61 .....103 Home T&T Ft Wayne 5%s .. Crabb-Reynolds-Taylor 5s 42. Home T&T Ft Wayne 6s 43.

Indpls Railway Inc 5s Indpls Water Co 3'as os. Kokomo Water Works 5 Kuhner Packing Co is 4

1 3p | Morris 5 & 10 Stores 5s 50

Muncie Water Works 5s 65 |Nat Silk Hosiery 5s 42 ... 100 Ind Pub Serv 33s 69 109% 5 63 108% s 55 103 Richmond Water Wks 5s 57. 107% Trac Term Corp 5s 57 a3 *Ex-dividend.

FOREIGN EXCHANGE

NEW YORK, April 18 (U. P.).—Following are noon cable rates on major currencies:

England (pound) Canada (dollar) . xFrance (franc) ...

seen

4 Italy (lira) ......

15 Ya

Cuba (peso) Finland (markka) Switzerland (franc) Sweden (krona) Japan (yen) Mexico (peso) \ XTrans erable only Sher 5 8. cen:

CHICAGO, April Michi an, Jonathans, bu, [email protected]. toes— fexican, | Texas, nia, nia, crates, nessee, . sacks) —Michigan Teliows, consin Yellows, $1.10@2.

FOOD PRICES

18 (U. P,).—Apples— omaSpinach—|2 bu., Caulifiower—Califorcrates, . 1.85. crates, $1. 852. 40. [email protected]. bu., $1.30@

lugs, [email protected]. Carrots—CaliforLettuce—Arizona, Peet Potatoes—TenOnions (50-1b. [email protected]; Wis-

34c.

Heavy breed colored hens, colored hens, 2 Leghorn hens, over, colored breeds, Eggs, 18c. Butter—No. 1, 35%

19¢;

LOCAL PRODUCE

15¢; hens, 3

12¢; Leghorn 9c; broilers, White 18¢c;

cocks, Te.

No.

No. 12¢; No. Ibs. and Barred Rocks,

@36c; No. 2, 33%@ Butterfat—No, r dlc;

2, {Tam jekup prices quoted by the Wad-

FRACTURE BEDS Can Be Rented at the New HAAG'S ALL-NIGHT DRUG STORE 22nd and Meridian

GEO. J. EGENOLF

MACHINIST 18'/, W. South LI-6212

and 19¢;

29¢.

Guaranteed

WATCH REPAIRING

HIGH P| PRICES fof GL GLASSES unwcEssaRY

WE MANUFACTURE ALL GLASSES We SLL, SAVES YOU SEVERAL PROFITS No Wn ger any need to pay high prices for good glasses,

uality *‘Gold-filled” glasses complete with TORIC jonses for FAR or NEAR VISION, all ete at lowest

Deal with our local branch and

NEW LOW PRICES

Volume purchasing and single own save many dollars. All lenses ground ership of largest chain of optical on prescription of Licensed Osteopath. stores in America.

CASH OR CREDIT 15-DAY TRIAL—MONEY BACK GUARANTEE

\ ATIONAL OPTICAL 124 W. WASHINGTON ST.

“LOANS =

wi¥ The CHICAGO

Brokers in 146 E. WASHINGTON ST.

Open Fuss, Yo Thuis,

on on Everything?

Diamonds, Watches Watches, Musical Instruments, Cameras, Clothing, Shotguns, Ete. JEWELRY co, Ine.

the State

DONE BY EXPERTS H. H. Mayer, Inc.

42 W. Washington

For the Small Home to the Large Power Plant

Muesing-Merrick Coal Co.

PHONE; IR-1191, DR-3350, WA-2481 4,

Legals 44

tained “from “the “Architect, and/or Ene gineers upon deposit of $15.00 for each set, Should more than one set of such docus= ments be required by any bidder, he shall pay for the reproduction cost pf sam 0 addition to furnishing a deposit of $15.0 for each additional set. Said deposit. or deposits, will be res funded providea the aforesaid A

Legals

“The “annual meeting of the “shareholders of the Indiana Insurance Company will be held in the office of the Company, third floor Consolidated Building Indianapolis, Indiana, Beginning at 7:30 p. m. on the 0 Sh wid RKE A. COOLING, President. NOTICE TO BIDDERS Pike School Township of Marion County, Indiana, by and through ‘ts Trustee and Advisory Board, will receive sealed proposals for the construction of certain Additions to and Alterations in and for the Fageht, High and Graded School Building in said Pike Township, Marjon County, Indiana, i in accord with the terms and conditions heteinafter enumerated: Said proposals shall be Prepared separately for each branch of the project and Combination and Alternate Proposals may, also, be submitted for the certain work as hereinafter Boted and as set out in the specifications (1) General Construction, (2) Heating and yeiitilating, (3) Plumbing and Sewera (Items (2) and (3)

ned (4) Electric Installations. iH Certain Alternate Proposals for each division of the project as ret out in

the specifications Proposals will be received in ihe Agrih and

be returned to the offices of the Arch tects and/or Engineers in good conditi within five (5) days after the opening proposals. The Trustee of Pike Township, aay fon County, Indiana, reserves the reject any or all pronosals; to na buck combinations thereof as may dee pedient and to waive any ® informalities. Fry

and come Forms, ine ts, outlined in ace

resale shall be proper pletely executed on Proposa cluded with Oontract Documen by the Architects and Engineers cordance with Indiana Form No. and shall be accompanied by Questionnaire Form No. 96-A for any oroposal of $5,000.00 cr more Non-collusion affidavits required by statute shall be fully executed on proposals. A certified check or bank draft paye able to Arland Coolman, Trustee, or a satisfactory Bid Bond executed by the Bidder and an acceptable surety solipany and payable as set out abdve, in amount equal to Five Per Cent (5%) “ot each total proposal shall , be submitte with each such proposal. Proposals shal be enclosed in sealed envelopes, bearing the title of the project and 0" designating the construction branch to which the proe posal pertains and the name and address of the bidder. Wage rates on this work shall not be less than the prescribed scale of wages as determined pursuant to the provisions of Chapter 319 of the Bote 3 the General

Bay be com-

cultural Room of Pike Township Hi Graded School! until the hour o : & _ (Central Standard Time) on the 134 Gay of May, 1941 and, in that office, or in a place designated by the Trustee will be ® publicly opened and read, Proposals received after that A will be returned unopene Contractors who are awarded contracts shall furnish acceptable surety bonds in aiouns of 100% of the respective contract

price ngs and 8 Sifigations, are oR file Assembly of Indiana of 1 IR offices "th Guir 2 proposal shall be: "ulthdrawn after Architect 's, 1400 SFleteher Truss opening thereof without the consent of Badin oR, “tndianspol is, Indiana; Beving?) ie Trustee for a period of Ten (10) days ton- Williams Inc. Engineers, 740 t P.|after the scheduled time for receiving proe Build and piste, in and the State

Indian Indiana, sals, 3A ARLAND COOLMAN, Board of ofr the documents may be ob-| Pike Township, Marion County, an

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By V. T. Hamlin