Indianapolis Times, Indianapolis, Marion County, 5 May 1941 — Page 13
MONDAY, MAY 5, 1941
\ BUSINESS
Corporation Profits Are Going Up But Tax Bills Are Keeping Pace
By ROGER BUDROW meen
THE STEEL INDUSTRY IS THE BIG EXCEPTION to what is happening throughout industry generally. For the most part higher taxes are taking up most of the
increased profits. Not so in
Profits of 28 steel companies in the first three months of this year are more than double what they were in the first three months of last year.
this rosy picture, however.
The early part of last year was not a very prosperous time for
the steel makers. The rearmament program hadn't begun. Also, some of the steel companies are so uncertain about what taxes they will have to pay this year that they didn’t set any money as id ¢ from the firs Roger Budrow ., oe months’
profits for taxes. Three airplanes concerns boosted
their profits nearly 38 per cent over the first qaurter of last year but this was due chiefly to United Aircraft which more than doubled its Pronts. Douglas’ profits rose only slightly while Glenn L. Martin's | wy declined. Eight of the bigger chemical companies, taken together, made nearly 7 per cent less profit than they did the first quarter of 1940. The only two motor companies that have reported so far showed a 4 per cent decline in net earnings. In comparing this year’s first quarter with last year's first quarter, it should be remembered that taxes last year at this time were comparatively light. The excess profits tax bill wasn’t signed until
October, » ” 5
WORKERS OVER 40 constitute a large portion of the unemployed labor in Indianapolis, according to the Employment Security Division.
As skilled labor in younger age brackets becomes more scarce, the older workers are being hired. The division here says it has made “numerous placements” of men over 60 years old. This week has been designated by President Roosevelt as National Employment Week. The main objective will be to get employers to hire more men and women who have passed the 40-year mark.
# # ®
ODDS AND ENDS: Financial circles think Italian and German nationals are taking their money out of this country because they fear F. D. R. will freeze their assets over here. About $480,000,000 in $1000 bills and $22,000,000 in $10,000 has disappeared from circulation . . Before Germany can set up its “new order” of self-sufficiency in Axisdominated Europe, it must overcome trade deficiencies of food, raw textiles, fuel, leading metals, rubber, tobacco and fertilizers, the Conference Board beliegyes . . . One reason for speculation in cocoa prices js Hitler, If Nazis took over African west coast to Dakar, over to the Gold Coast and Nigeria, he would have half the world’s cocoa production under control. Brazil furnishes only 15% of our needs. U. S. chocolate manufacturers havé an estimated 8-months’ supply on hand .. Leather demand is increasing, tanners’ inventories are running low, which gives packers reason to wait for higher prices. This might encourage shoe manufacturers to import South American hides but they can’t get freight space . . . Both General Motors and Ford are reported planning a low-priced post-
war car to fit post-defense boom!
incomes.
LOCAL CONTRACTORS MEET WEDNESDAY
Building Contractors Association | of Marion County will meet at 6:30 p. m. Wednesday at the Athenaeum to hear Clarence A. Jackson, Indiana Chamber of Commerce executive vice president discuss, “Defense, Then What?” William Jungclaus will discuss apprenticeship classes for fall, Leslie Colvin is to talk on new| phases of wage and working agreements. William E. Mohler, president, will talk on defense housing.
NN 1 ry
PLEASE HAIL ~
ALY
BEFORE CALLING
IT WILL AVOID DELAY AND INCONVENIENCE
TR AR
This week we offer the beautiful lish "DIXIE" with semi-flexible gelf-adjusung “Gold Filled” finish mounting an TORIC lenses at a price so low > to be within reach of everyone's pocketbook. For far or near vision!
Largest Opticians
in America We Sherate branches in al cities of the States and Canada, employ over 300 people, and supply glasses from the largest optical | factory of its kind In America. rincipals pd ah firm have ial +, lion sat-
everywhere. oy
NATIONAL OPT]
i i
.|Ninety per cent of this year’s class
and |
steel.
There are several jokers in
GRADUATES’ JOB CHANGES GOOD
Many Employers Disregard Draft Possibilities, Survey Shows.
Times Special MINNEAPOLIS, May 5.—There will be no graduation “lay-off” for most college and university seniors this June. Industry and business, riding a {defense-generated boom, want gradjuates and want them badly, the Northwestern National Life Insur-| ance Co. reported today in an annual survey. { Instead of the traditional “top third” of the seniors monopolizing the employment offers, this year’s rush for college-trained personnel is reaching clear down to the bottom of the class, the survey reported. Among the 132 colleges and universities co-operating in the survey, practically all schools of engineering, four out of five schools of business and most of the liberal arts and teachers’ colleges expect to |place from 95 to 100 per cent of all {June graduates seeking employment, most of them by commencement | time
-
Engineers in Demand
THE INDIANAPOLIS TIMES
The First Quarter Roundup
PRODUCTION %
TRADE %
PRICES »®
4 STEEL PPev erste +38
CONSTRUCTION. a. +58
fa Residentiol .vveevervece +37
Public works and utilities
A
EN eer. evveveiA0VY BOAT acme POWER ..: 413
£ HARD COAL. ....& +11
SOFT COAL
PETROLEUM ..... ..0. = §
OIL WELLS DRILLED ae .= 8
BA TEXTILE MILL +23
serenade steswre 4 12
arsvesee.
Silk * Wool cerveceovmreres + 5)
y CIGARETTES opposer + 14 CIGARS srsesyeeracs. + §
FACTORY EMPLOYMENT SC +12
FACTORY PAYROLLS “= 4 27
I
== AUTOMOBILES ..vses? 419
NL Non-Residential +..... 4-108
ROyon wevewseoscsene +12
CHECK TRANSACTIONS .,.& +13
N.Y C, rei sedi + 9 140 cities coed “noee™s +15
LIFE INSURANCE
SALES, .... '
—y
tecseee. =
=
2 CEMENT SHIPMENTS 4 54
PAINT, VARNISH,
LACQUER SALES ...." 421
CARLOADINGS +15
cent
Grain .—¥> + 2
Woe Tees
Livestock .— Teiersee = 5 Cool ond coke ...ev@. +10
Seren +25
Forest products . Ore ,.-« t.C.L.. Feennaten an
eeenes +32 + §
Miscellaneous « cevens. +24
RETAIL TRADE
Department store sales « vee ou +10
Variety sales (Sg-$1).. + §
Rural soles . veer +10
HOME REFRIGERATOR SALES . . . +42
WASHING MACHINE SALE
. +17
seven,
OIL BURNER SHIPMENTS ray +34
PASSENGER CA SMES , .
* ENT Sl ge truck saues. ~fv—. +32
WHOLESALE PRICES. + 3
Farm products Roovesy oq 4
Food products cnreesty 4+ 4
Hides and leather cees. «0.4
Textiles coe evastsnsin. w= 1
Building materials
Chemicals + 2
xu Pinste
-
"
Metals , >... 2
+
Row materials
TAT. + 2 Semi-Manufactures «ove 4 2
Finished products ~'= 4 3
CONSTRUCTION COSTS DEPARTMENT STORE PRICES : COST OF LIVING 0s. + 2
Food + 2
resenel we Masee.
Housing . . «
Clothing
verere + 1
Fuel and light
Sundries a +1
STOCK PRICES ry mg=17 BONDPRICES ~~r~—w 4+ 3
FARM INCOME w= wo + 1
Ifi-i% DIVIDENDS 4 5
Business activity in the nation for the first quarter of this year showed a 26 per cent increase over the first quarter of 1940, according to Business Week’s index.
Many engineering schools report three to five job offers per man. Starting wage offers in most instances are higher than last year. A liberal attitude of employers toward probable draftees was noted with some instances of job ofters being made to graduates “upon completion of military service.” Here is what Indiana schools reported in the survey: Indiana University—Number of calls for graduates substantially larger, average starting salary $125 a month for men compared to $116 last year. Women’s salaries also have increased. Fields of greatest demand include retailing, various types of manufacturing, personal finance and credit companies. Heaviest demand for men trained in accounting, auditing and sales.
already either have offers of jobs or will be in the Army. Many of larger employers are not objecting to low draft nuinbers or reserve officers’ commissions. There is some tendency to favor women graduates; also, some small concerns can-
numbers for specific jobs. Butler University—Greater number of calls; starting salaries a little higher. Demand is for office work first, industrial employment second. Married graduates in greater demand than heretofore,
Salary Offers Better
University of Notre Dame, College of Commerce—Employment calls about 50 per cent greater. Start-
—current range $125 to $135 per
counting and sales. Will have posi=| tions for all students asking placement assistance. Hiring being ac-
phasis on students’ draft numbers, although such data requested by {employers as a matter of record. Purdue University — Number of employment calls far beyond demand at same time last year. Starting salaries so far average about $8 | per month better than a year ago. | From present indications expect en[tire June class will be placed by
commencement. | more in demand now than they have | ever been. Rose Polytechnic Institute--Em-
Am Haw SS . Am Pw Am Shi Am T
not consider men with low draft SI
Douglas Aire ... Dun
East Ar) Lines.
Fair, The Firestone on
Gen Bak pf Gen T&R .... Gillette S rR . ing salaries 10 to 15 per cent higher|Sldden
month. Demand greatest in ac-|S
Ham Watch ... Homestake ...
{complished without particular em- Bouston Oil ... %
Sou Kaufmann pf.. Keystone Stl .
Libby McN&L.. Lima Loco ‘e Lion Oil Ref Married graduates) roe
Maracaito Ex..
N. Y. STOCKS
By UNITED PRESS
Net Last Change
%
High Low wlio. « 3h 34% r&Lt 1% Build. 35 150
34% +
tHE
iF
+ Hit
— . FHASEFEE »
19% 18 12% 3
PEEL)
.. 123% 3
20 41 8%
te. 20 . 41 8% nD 66% 66% 4 4 sll 243, 42
ill
lo 27% 27% 15% 15% wionll
. 140% 10, 10
u M & Oh pf. 18% wf.
13% BR
13% 44, 4% udson Motor.. 3 wf 1 Cent.al .... 2 1% %
8 1% % —— I . ah" 13 ap 5% 241; 10%
a
55 24% x 10% Lockhd Aircraft 21% 217% W'S 29%, 29% 17% 17% wi.
1% . 24
J+: +++ Sa
1% 24)
athieson
{ ployment calls approximately three
14% 14%
[times as great (100 per cent placed | for last several years). Starting sal-
cCall C cIntyre pos ident Pet ... fo Pacific . font Ward
5 . 3- i
33% 6
16% 3-16 31%
—-
{aries up 10 to 20 per cent. Engineers {much in demand in all lines, but particularly for production super-s
vision. One hundred per cent will N
# be placed including those who will receive R. O. T. C. commissions and |enter service. Little apparent at- | tention being paid to draft numbers. Valparaiso University, Department of Business and Economics—
er; starting salaries 10 per cent higher. Demafid greatest in industrial field for clerical workers and accountants. Will place 100 per cent of June graduates.
CHICAGO GRAIN
Opening prices today on the Chicago Board of Trade, as reported by
Thomson & McKinnon, were: May July Sept.
Wheat— $.94%
TL 693 @.69% MT sxe. nn nes Rye— 48%
69%
Sie 5734
Owens Ill Glass 39'2
Employment calls 25 per cent high- 5s Penn RR Pore Mat Phillips Pet Pure Oi Purity Bak
sent actual Foe of offe $.933{@.93% [email protected]'2 go
+: ++: +l: ¥ oF #2
5%
+i HE | = HEE
39%
ee JP
Cd ot pr SD waa
-
CORD pips
pA
oo -- obEad Fd FES +1 H+] [4+ rd
J > a
LOCAL ISSUES
Saturday, May 3
The following quotations by the Indian. apolis Bond & y & Share do
Buy glasses direct. You save the di eronse, Thrifty Juyers find it pays. Why pay more
Our Guarantee
Our ironclad guarantee of perfect satisfaction is your . All glasses sold sound expert optical artisans in our modern laboratory on prescription of a licensed registered Osteopath.
Broken 1 : nse 2 duplicated. Frames Topalrea and reRlaced. Oculists’ prescriptions
124 W. Washington St.
\
‘3; | Saturday ..
1 ge Arms . Shell’ U Ua Ol...
: Tex Quit Prod. . x Pac
DOW-JONES STOCK AVERAGES
-0.1% -0.20 ~0.68 -0.22 High, 1941, 133.59; Low, 115.30. High, 1940, 152.80; Low, 111.84.
Seesssssantansnes
Month AZO ..cevivennnens Year Ago High, 1941, 29.75; Low, 26.54, High, 1940, 32.67; Low, 22.14.
29.32
High, 1941, 20.65; Low, 17.80. High, 1940, 26.45; Low, 18.03.
Net High Low Last Change
3% 3% 8% 8% 1% 1%l1 Sp Alle 111% 48
. 13Y% 13%, 95 16% 117%
adio 37% . 834 Rustless I&St . 11% lk 1 95g 16% 11% 13%,
Safeway 5 pf.. Ba! y 5 pi
«4:
Socony-Vacuum. 50 Por
Saat i :
td 3td Oi . Superior Oil ...
+H
1. T.. Tae W A Oil. Twin Coach ...
Un Oil Cal..... 13% United Cp pf... 21% United Drug we 3%
Un
c West Air Bke Willys Overland ait Woolwo rth ..... 26% 263% wn Ye « 32%
Young Sheet . 32%
Incorporations
Winder Cartage Co., Inc., 625 Lincoln Blvd., Marin: ent, Francis A. Winder same address; shares without par value; freight transportation; Francis A. Winder, Svalrn Winde:
G. Faith, James Gilk m Farm,
son,
Shirley; amendment increasin Capital Stock to 250 shares common of $100 par value Davis & Little Coal Co. Inc 310 W. Leslie E.
: agent, shares no par wood, oil and Gustav e Dongus, Leslie E
.
Little, same address; value; dealing in coal, coke, other fuels; Little, Virginia Lit Capitol vern, He. 152 West Washingt., Indianapolis; ent, William 2Zi son, 550 Consolidated B .,. Indianapolis; out par value; operating restaurant; Jordan Jannetides, Ary Jannetides, Steve Fotiades, Agnes Fotiades, Marcus Floyd County Development Co,, Inc., New Albany; dissoluti Joh Bardenheier Wine & Liquor Co., St. Mo.; tion oe trade-mark,
Se ding Corp., 615 Slag. v Tudiana polis: agent ul 1000 shares thous par "value; re estate and building business; Isadore H. McCord; Dana Quinn, Charles M. Boaz. David Cuttler, Inc., Chicago regis-
615 Lemeke
McCord, same | Gross Def
STEEL OUTPUT
STILL LAGGING 3:5:
Production Even More This Month, Magazine Says.
CLEVELAND, May 5 (U. P.).— The steel industry will be unable to attain capacity production as it did
in March until next fall because of pa)
the recent bituminous coal shutdown, the magazine Steel said today. The publication stated that a large producer which operated at 106 per cent in March dropped to 94 per cent in April and may decline further in May. Several blast furnaces which blew out because of fuel shortage will remain closed for several weeks for relining. Steel said that despite Bese pro-
‘1; | duction problems, many trade ob-
servers consider the price situation
«|the major problem of the industry | ed: "y, | because of the freezing of prices
without previous “refrigeration” of wages.
The magazine reported that steel
. | production declined one point last
week to 95 per cent of capacity. Railroad car builders, the publication said, expect to supply 35,000 new cars by the end of the year
: a | provided that opportunities for pro-
curing steel are no worse than at the present. It had been hoped
.,, |that 50,000 new cars could be de~
livered by autumn, Steel added. The periodical reported that some Midwest pig iron producers are now
4 [selling F. O. B. furnace, into out-
side districts, refusing hereafter to
""%|absorb the freight. This means, it «|said, an increased cost to such
consumers of an average of about $1.50 a ton. The magazine’s three composites ag held unchanged last week with scrap at $19.16, iron and steel at $38.15 and finished steel at $56.60.
BABY’S CRY ROUTES BURGLAR OAKLAND, Cal. (U. P.).—Mr. and
s| Mrs. William Pence do not keep a
watch dog. Awakened by a burglar ransacking their room, they were whisperingly debating what to do when 7-months-old Barbara Jeane relieved them of the momentous decision by letting out a long, lusty cry. The burglar dashed from the
E.| room, dived down the stairway and
raced out the back door—without loot.
U. S. STATEMENT
WASHINGTON, May 5 (U. P.).—Government expenses and recipts for the current fiscal year through May 2, compared with
"139; 837 E> 1213,467. 32 34,901,385
Il.; jragon of trademark Tabel “Globe Trot- ; class 38: clothing.
today.
In spite of a five-cent increase situation has been Jittle improved. to get and supplies are still limited in many areas. Demand for refinery products is surpassing all previous spring records. Gasoline is moving out of the Southwestern area in volumes up to 15 per cent greater than last year at this time, refiners report. Refinery prices have kept up with demand. The mid-continent refinery gasoline market has been ad-| —— vancing from an eighth to a quarter of a cent a week. High demand for gasoline has upped the call for natural gasoline, volatile natural fuel used to “tailor” refined motor fuel to meet climate and altitude demands. Few if any manufacturers of natural gasoline
were offering material on the open
<
d Res. 22,519,414,323. 0 \ } Customs.. 316,012,776.73 295,969,264.67
Another Increase in Crude Oil Prices Expected by Trade
TULSA, May 5 (U. P.).—Further pri¢e increases in crude oil can be expected “within a few weeks,” some mid-continent oil men believed
They pointed to the undiminished demand for oil products as the bo chief reason for expecting further increases in postings.
a month ago, the crude oil market Pipeline connections remain hard
also were buying from better-sup-plied manufacturers The search for
both gasoline naturals was hectic. “We can use another five-cent increase in crude oil prices soon because that other nickel hike just ea the surface,” one observer sail
May Decline|Seah
{PRICES ON HOGS
RISE 10 GENTS
Top Boosted to $8.60 Here; 11,000 Porkers Arrive; Vealers Steady.
HOG PRICE RANGE Top Receipts aves $8.50 . 8.35 . 858 . 8.55 «« 8.70 . 8.60
April 26 ..... April 28 April 29 April 30 ..evenneee May 3% ... May 2 May 3 ...
Hog prices rose 10 cents at In-
Agricultural Marketing Service reported. The advance lifted the top to $8.60, paid for good and es 200 to 210-pounders. Vealers were unchanged with an $11.50 top. The marketing service estimated 1600 salable cattle were received, 600 calves, 11,000 hogs and 1000 sheep.
Saturday, May 3
HOGS
and Gilts +120- 140
et bet pt £9 COS C0 bt Oy et 9 000006000 00000000-3 Bee BI CI NON i LOD OOOO UOCULICR
=
990009900000900-3-2
160-2 200 pounds
Packing Sows Good ha Choice—
ul oa on 8
$ 7.90@ 8.10 7.90@ 8.00 8.00
pounds pounds pounds ..... Medium-— 250- 500 pounds ‘ Slaughter Pigs Medium and Good— 90- 120 pounds .
CATTLE Slaughter Cattle & Vealers (Reoeipts, 30) Choice » 750- 900 900-1100 1100-1300 1300-1500 Good— 750- 900
900-1100 1100-1300 1300-1500 Medium— 750-1100 pounds ...ssecessecs 1100-1300 ) pounds tressdacnsane Common 750-1100 1 pounds Steers, Heifers
Cholce— 500- 750 pounds ......... eres
500- 750 pounds .......ce0000 Heifers
6.66@ 7.25
sassnacenes«[email protected] [email protected]
esssncssences 10, [email protected] [email protected]
[email protected] 10.00 11.50
oa 50 [email protected] [email protected] [email protected] 8.00@ 9.00
Sescsscsanane “sete ssennene
Stas ncnnenpee
[email protected] [email protected] Choice 750- 900 pounds ......cee.s.e [email protected] [email protected] [email protected]
1.75@ 8.75 A 75@ 8.50
edium Cutter and common Canner
(Yearlings excluded)
Sausage=— Go RB
Beef Good 8.00@ 8.50
30 8.25 350 3% @"
0G10 50
7.50 Feeder and Stocker Cattle Steers (Receipts, 50) Steers Choice 500- 800 pounds 300-1050 pounds
Goo J "800 pounds .cccecsnncanse +1050 POUNAS sececcocanses
A
« [email protected] esossscsscsss [email protected]
[email protected] [email protected]
8.75@ 9.50 1.75@ 8.75
Goo. and ehoice—
0 pounds down ee. [email protected] um-—
Good and choice— 500 bounds down um 500 pounds down
SHEEP, LAMBS (Receipts, a
Good and choice Comm
10. as, 50 .00
CHICAGO LIVESTOCK
and sales good and choice, 190-230-1b. weights, steady to weak at $8.65 @8.75; choice hogs these weights held at 10 cents higher, up to $8.90. Cattle—13,000. Calves—800. Sheep —11,000.
STOCKS, BONDS OPEN FIRM AT NEW YORK
NEW YORK, May 5 (U. P.).— Stocks and bonds were steady in quiet opening dealings today. Cotton futures spurted 1 to 11 points with new crop options at the highest levels since mid-summer, 1937. Most activity in stocks was in rail and oil shares. Atlantic Coast line moved up 3% point to a new high at 20%, Santa Fe firmed % to a new top at.28% and Southern Pacific equaled its 1941 peak at 11%, up 5. Standard Oil of California and Skelly Oil rose % point each to new
Standard Oil Co. (N. J.) was up % to 36%. Steels were irregularly higher. U. S. Steel opened unchanged at 52%, but Bethlehem moved up % to 70%, and Youngstown Sheet and Republic had gains of 1 point each. Savage Arms firmed 3% to 48. Gains outnumbered losses elsewhere.
® PROFESSOR TO TALK
ON AIR CONDITIONING
Prof. William T. Miler, head of Purdue’s heating and ventilating department, will address the Air Conditioning Council of Indianapolis at its dinner-meeting at the Spencer Hotel Friday night. I. W. Cotton, Council president, said it will be an open meeting. W. P. Whittington is in charge of arrangements and George Joslin is in charge of reservations.
DAILY PRICE INDEX NEW YORK, May 5 (U. P.).~— Dun & Bradstreet’s daily weighted price of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Saturday cssssssesearanev ene JISHOL Week Ago Cet RBRANRRIRINIE RR RNYS 129.41 Month Ago SONS ARIRNINENS 129.44 Year ABO ...ce..:coessessees 119.76 1941 High (May 3) eserves 131.01
1941 Low (Feb. 17) seesreses, 123.08
LOANS
on on Everything!
Diamonds, Watches, Musical Instruments, . Cameras, Clothing, Shotguus | he
dianapolis stockyards today, the] gi
highs at 21% and 27%, respectively, | Se—
Miss Jane Allison, 20 W. 21st
WONDERS BORN IN TEST TUBES
Du Pont Laboratory Show At Blocks Does Magic to Common Substances.
The test tube wizards of the du Pont Co. have taken their laboratory show on the road. Currently, it is playing Block's auditorium, where before your very eyes cold boils, fabrics are dyed vari-colored patterns with a single immersion in dye, and light is taken for a tortous ride through pretzel-like rods. For many years, at a cost of millions of dollars, chemists have been successfully taking such common substances as coal, air, limestone, salt, water and cotton and coming up, after a lot of formula jumbo, with such unusual substances as nylon, synthetic rubber, lucite and other materials. Nearly all of these, including nylon, are synthetic resins, and from them can be made such widely varied things as women’s hose, physicians’ tongue depressors with pilot lights, fabrics that are fire and stain resistant, fishing leaders and even lace. Nature Outdone
In most cases, according to company representatives now at Block's, the chemists who have set out to duplicate materials created by nature, have beat nature at its own game. For instance, no set of silk works could produce, they say, the same controlled quality of silk as
50 machines are able to make nylon,
the substitute. The cellulose sponge, these men say, is of better quality, more durable, and more efficient than the natural sponges, and the man-made rubber is more durable and better suited to industrial use in many respects than the rubber grown on plantations. All because chemists set out, some years ago, to find a material that would resist heat better than cotton so that auto tires would last longer, it will not be long before there will be available on the market fabrics that are fire. resistant, which in addition to other advantages, will be a home safety factor.
Nylon Not Everlasting
The du Pont people spend a good deal of their time denying rumors of exaggerated qualities of their products. The laboratory is a myths0|ical thing to most people and the %| things that come from them accordingly are sometimes little under-
Hogs—Receipts, 12,000; few bids|St00d:
The Du Pont people would like it | Ne thoroughly understood, for instance, that there is no truth to the widely circulated report that nylon hose will not wear out, snag or run and that a pair of them is so everlasting that it can be handed down from generation to generation of a famly. Nylon is woven like silk. Each pair contains more than 900,000 loops, each of which is dependent for support on the one above it and
PAGE 13
Best Nature at Own Game
St., watches as James E. Dalby,
lecturer, does some chemical black magic.
the one below it. Break a thread, and there will be a runner. They would also like it known that, contrary to one report, nylon hose will not evaporate into noth= ingness when exposed to the sun, and that there is no chemical in the auto engine exhaust which will reduce a pair to a liquid that will run off the leg. With an assortment of beakers and chemicals, a company repre= sentative demonstrates at each show some of the steps in the laboratory concoction of these things and his lecture tells of how years of labora= tory toil have created substances that make ,the day-to-day life a little easier. The show is scheduled daily on the hour from 1 a. m. to 5 p. m. through May 10.
EGG MEETING SET AT PURDUE MAY 13
Times Special LAFAYETTE, May 5—A meeting of wholesale egg plant managers and egg graders in Indiana will be held at Purdue May 13 to discuss standardization of egg grading and the Government egg-buying pro= gram. Andrew Lohman, manager of a large Farm Bureau plant at Hamile ton, Mich., which has been packing and shipping eggs under Federal supervision many years, will speak at the meeting. The Government egg-buying proe gram will be discussed by Henry C. Hamann of the U, S. Agriculture Department.
Cargo Insurance To East Raised
NEW YORK, May 5 (U. P.).— Marine underwriters today posted higher war risk rates on shipments to the East and Far East via Panama and trans-Pacific routes. The rates were raised from % to % per cent on shipments by United States flag vessels and from 1% to 2 per cent on shipments by other flag vessels via Panama. The former rate of 13 per cent on other flag ships via the Pacific was advanced to 2 per cent. These rates exclude shipments to ports west of India to Australasia, French Indo-China, Burma and Thailand. The rates on exports to Burma by ships other than U. S. registry was increased from 3 per cent via Panama to 3% per cent and from 27% per cent via trans Pacific to 3% per cent but on ship= ments via the Panama and Pacific to Burma on U. S. flag vessels the rate was unchanged at 2 per cent.
AGON WHEAT Up to the Was of the Chicago market today, Indianapolis flour mills and grain elevators paid 85c per bushel for No. 2 Fed, wheat (other grades on their merit) aid 66c per bushel for shelled new o. 57 bi corn; No. 2 white shelled On: No. 3 white oats. 33c
% Need a LOAN On Your Home?
Consult Us!!!
BLDG. & SAV.ASSN,
116 N. Delaware St.
SAXOPHONE
Instruction 1
INDIANA MUSIC CO.
115 E, Ohio St. — LI-4088
Per Lesson
GY
ELINED len EFITTED | Women's LEO TAILORING CO.
235 Mass. Ave. OUTFITTERS TO MEN, WOMEN and CHILDREN
[ingetond
129 W. Wash. 3°Coposite ve.
Is Opposite Us.
WHILE THE REST OF
THE TOWN SLEEPS HAAG’S ALL-NIGHT DRUG STORE 22d and Meridian IS OPEN
Exacting . . .
WATCH REPAIRING AT LOWEST PRICES
STANLEY JEWELRY CO.
113 W. Wash, Lincoln Hotel Bldg. BARGAINS esessséscnce
15¢ GOODYEAR SERVICE STORE
Delaware at Walnut R1-1436
USED TIRE
KNOERLE TIRE CO. Inc.
2421 N. Meridian St TA oe
FUR COATS Largest Selection in the State
INDIANA FUR CO.
29-31 East OHIO St.
The same high quality. but no increase in
mm HATS $2.95
Harry Levinson STORES
USE YOUR CREDIT at CET AN TIGR IVI{OISH RIN ES CLOTHING COMPANY
131 W. Washington St. Directly Opposite Indiana Theater
LOANS
THE INDIANA TRUST CO. Allied With
The Merchants National Bank
GEO. J. EGENOLF
MACHINIST 181, W. South LI-6212
Make WoodweSELTA Hobby, Use
MOTOR DRIVEN TOOLS Exclusively at VONNEGUT’'S 120 E. Washington St.