Indianapolis Times, Indianapolis, Marion County, 16 May 1941 — Page 43

Page PDF (14.75 MB)

Back to issue view

- . ‘business:

NET

BUSINE

“battled democragies.

- more coal this summer than last

‘Chamber of Commerce believes,

promptly, not order them from the

.or through Indiana and that prac-

' bank finds that purchasing power

"cent higher than 1920, and. only

Bordeaux have call their anJel trade fairs t year because

the war. .

_ troleum, soap, natural gas and air.

. Amerjcan Airways told stockholders

Incorporations

; Ta dissolution. * ate hospital;

_ at wholesale.

FRIDAY, MAY 16" 1941 Ez —

Taking these ships away from regular routes is causing a pinch, particularly among oil companies _that brought oil from Gulf of Mexico and South American ports to East Coast refineries.- Standard Oil of New Jersey is using an old pipe-line, empty for years, to bring oil from the Gulf to New Jersey and is substituting: coal for oil as a fuel in a nuinber of power - generatRoger Budrow 0 units at its big Bayway, N. J. refinery. Yesterday the National Coal Association complained that the railroads should be buying their coal ‘now (but aren’t) so some other industry can use the coal cars when they're needed later. Chicago & Eastern Illinois Railroad predicted it will handle even

summer. New York Central joined the long list of railroads making heavy purchases of new freight cars, ordering 3000 of them. H. A. Hollopeter of the Indiana

however, that there will be no repetition in this war of the collapse of transportation as in World War I, when Hog Island was jammed with thousands of freight cars that couldn’t be unloaded. Machinery ‘set up in 1920 is still func‘tioning, expediting freight transportation by urging shippers to load and unload their freight cars

railroads il they're needed. Mr. - Hollopeter also pointed out that for several years there has been a surplus of frucks which will come-in handy now. F. M, Jackson of ;the Indiana Motor Truck Association reports. that there are probably 145,000 trucks now operating in

tically all the major lines are buying equipment to be soady for the big push. . : » » #2 PURCHASING POWER of factory workers is higher than in any of the “booms” of the last 21 years, in the opinion of the Cleve= land Trust Co. Adjusting factory earnings to the cost of living, the

now is 12 pei’ cent above 1937, 17 per cent higher than 1929 and 30 per

5 "per -cent below the World War peak when prices were SxoepHionally high. # 2. »

ODDS AND ENDS: Paris and

German {rogps are using the fair buildings, French industries have nething to display and no foreign buyers could attend, anyway. . . .

Tobacco Controller A. H. Maxwellldiana and Michigan,” Mr. Greer=

in London said U. S. has agreed to include tobacco in lease-lend shipments to Britain which is smoking about 35 to 40 million pounds of tobacco a year more than before . . B. FP. Goodrich is expanding its Akron synthetic rubber factory to step up output from 6 to 18 tons a day. Its synthetic rubber is made of ingredients found in pe-

« « « Aeronautical Chamber of Commerce reports Pacific Coast dir-

craft plants increased their pay-| rolls almost a million dollars a week]

the first three months this year. . President Juan Trippe of Pan

that Latin-American flights make the most money for the company, Pacific flights show only a slight profit so far and the trans-Atlantic business 18 still in the red.

Inc.;

Andrews Clinic, Ine., Clermont; to operDr. Lee Andrews, Ke ith L. Andrews, Elwood F. Andrews. Title Corp., 327. E. Maple Road, Indianapolis; agent, Marion Crousé, same adBless! 50 shares of $20 par value; to ac11, etc., title to real and property; Howard 3 Tue, arian Crouse, Adrxian E. Wilhoi Rising. Sun Creamery, Inc., Cincinnati, O.; registration of trademark, ‘Indiana's Ideal Ice Creém’”—Class 45: ice cream. + Wabash Abs.ract & Loan Co., Wabash: dissolution. The Kokomo Chapter of the erica First Committee, Inc., 108%2 N. in “St., Kokomo; no capital stock; Kari Map on er. Darrel C. Lucas, Robert J. Hamp. Nunn-Bush Co., Wisconsin corporation; change of agent to Robert Kiger, ¢-o Pat-terson-Fletcher Co., Ft. Lloyds Builders, "Inc., Tilinois corporation; change agent to Owen Pickens, 1300" Fletcher Fr tee Indisnspelis, so qare Realty nc., E. 52d Tena out. Everett Y. Holloey same address; 500 shares without par value; real estate and insurance agency Everett J. Holloway, Walter. A. Knuth, June Bon Favorite Beer & Beve erage, Inc., East Chicago: change of address to 886 Chase t.. Gary. and change of agent to L. io same address. Harrison Realty - Corp. amendment of articles of incorporation. Picker-Linz Importers, Iac.., New York corporation; itted to Indiana to deal in wines. liauo and alcoholic beverages

Dubois County Oil & Gas Co,

Vincennes;

{HTT alers

Railroads and Truck Lines Working to

Prevent Repetition of World War Snarl. By ROGER BUDROW -

'THE NEWS IS FULL OF SCATTE ED ITEMS lately that all point toward one thing—a coming ortation business, probably this fall. = The Maritime Commission has lined up about 1,500,000 tons of merchant shipping or three:fourths of the 2,000,000ton pool requested by President Roosevelt fo aid the em-| Some of these already are carrying British cargoes, others sail for the Red Sea i in a few weeks.

- lemphasized by the Government its policy with respect to the|Na* 8

W.|the nation will receive paid vaca-

in the trans

FURTHER WAR STEPS ARE SEEN

Indiana Savings and Loan| League Told’ Business Is Prepared.

Further involvement of the United States in the war is “inevitable” but business is on a ‘sound foundation to “weather the storm,” A. D. Theobald of Chicago: told Indiana Savings and Loan League members today. Mr. Theobald is assistant vice president of the United States Savings and Loan League and is a membér of the Northwestern University faculty. Indiana Savings and Loan League members hold their 51st annual meeting Wednesday through today lat the Indianapolis Athletic Club. The conference was held in conjunction with the eighth annual stockholders meeting of the Federal Home Loan Bank of Indianapolis. “Midwest isolationism,” Mr, Theobald said, “should not obscure the facts that this country is going to be more and more involved in the war which started in Europe 17 months ago. -

Controls Ready

“When our national economy is brought under the rules and authority of ‘a. national emergency, whether with or without a.declaration of war, we will: be .operating on a war basis, fro mthe industrialist down to the smallest financial serving the smallest. crossroads village. “In so far as it works, I think the economy will function normally, but the minute normal functioning of any cog in the wheel ceases to make its contribution to winning the war, abnormal controls can be slapped on.” : - He said. that the Indiana savings | and loan institutions: loaned the equivolent of $10.91 for every man, woman and child in the state. He said that these institutions are getting per cent more money. than this time last year, a “sure sign”

finance a large-part of the defense program out ef its savings. Supports Privaté Financing At the meeting "of the Federal Home Loan Bank of . Indianapolis stockholders. yesterday, Fred T. Greene, president, said that private enterprise is prepared to finance new homes for defense ‘workers and thus “relieve the Government ‘of the necessity of having to ake on|g the : extra burden of financing homes.” - “Many. of the ¢ communities of In-

said, “are experiencing a temporary housing shortage due to the influx of workers in defense industries in those industrial areas where de‘fense contracts. are concentrated. “Fortunately, practically all of the defense areas, -with the exception of Charlestown and Kingsbury, are well supplied with long-term home, financing * funds in sufficient . vol=

the communities for permanent-use housing. Sessions Close Today A similar theme was stressed by

Federal‘ Government is depending

finance a major share of housing

- May 10, 00000000080 0s00 00s 8.35.

| May 16 sssseseseececcsnnnns 9.15

Scrap metal for defense jobs. Over goes this old water tank at a Muskegon, Mich., factory," to be wrecked and salvage for national defense use.

NN: $ TOCKS

By UNITED PRESS,

that the public is in a position to 8

Elec End Johns pf . Erie

ume ‘to take care of the needs of {I : Jarvis Co ..ecee 10%

Atlas Pdr ...

Crucible “st .

Del & H Hud Du Pont

Prva

Boat

pL .... ss ete 2%

Kennecott ...

«+|Frank ‘W. Hancock, Home Loan|[h Val R Bank Board member, who said the|Loft Inc

ees 61

Balt & O pf... Bath Ir Wks Barnsdall Beech-N

se JI Cerro de aso. Ches & Ohio Chi Pneu T ....

. 36% — 97% 9% ..139% 139% Em 13% 29%,

1 MH},

64% 64% 2%

10%

—— 3% BY le

acy R_H ... ident Pet ...

ission Corp 3 «

necessary under the national defense program. “From the’ very heginning of the national emergency, it has been

provision of defense housing would

job whenever and wherever practicable and justified economically.”

afternoon with a talk by H. Merle Sim of Kansas City, Mo., secretary of the Missouri Savings and Loan League. Be ee.

525 WILL RECEIVE

on savings and- loan ‘associations to|}Mac M v

the Kroger Company in the Indianapolis area will receive vacations with pay this year, A. W. Metzger, Indianapolis branch man-

ont Ward

The sessions were to. close this|No

hio Oil ....s. Otis Elev ...... 18

Nat Auto Fibres 5% Nat C C 7}

Pp be to let private industry do the|Ny aH

Pac, EBA ss

Packard

(ROGER VACATIONS = a ;

Approximately 525 employees of |p

Radio cecoccese Radio Rl. Raybesto

' | Year Ago

y, | Revere C

i, | St=Jos

17° | Yellow

30 INDUSTRIALS oo 115.78 116.46 116.28

—1.28 +0.12 —188 —6.23

Yesterday Week Ago. .. Month Ago

scecscelons

High, 1941, 133.59; Low, 115.30. High, 1940, 152.80; Low, 111.84. 20 RAILROADS

4 | Yesterday Week Ago .cccc.. Month AO ....cccoocecanees 20.76 Year Ago L High, 1941, High, 1950,

Jo.02| L 0.52

29.75; Low, 26.34. 32.67; Low, 22.14. - 15 UTILITIES Yesterday «ccc... Vesense sees 11.32 Week Ago esesssssevise 11.31 Month AO cccoscccccosccss 1812 19.87 High, 1941, 20.65; Low, 17.31. High, 1940, 26.45; Low, 18.03.

Ln Ret Low Last Change 8% + % (iM 17% .... [ud%s see "Y 52 . seca 28Y, % 16%

Rem Rand Republic Stl ... 17 Republic Stl pf.. i i

n Tob “oe Reberoid weaves

Safeway c..cccc. Savage Arms . Seagra Sears Roebiick. Skell Un i

So Cal Scuth Ry pt. eos 28 South Pac 11

4: E+ LL) #8 wares wee

Sunshine Min ..

Tex PC & O ... BY Transamerica .. 4% 4% Trans, & Wms. 7% 7

rt pee it 2

Union Carb vr 8% “66% 6 tee sip 52 Un oe A 2

oboe —We— Varner Bros + wes 3% White Mot . 13% yhite Rock ... “4 Wilson & Co.... 4% Voolworth 7 rigley ees 64Va

—Ye

BR 3

3% 3% 13% 13% 4 4 4, 27% 64Ya

1 27% 64%

32% Bi

Young

WHOLESALE FOOD

PRICES STILL RISING

-NEW YORK, May 16 (U. P.).— Wholesale food ‘prices for the week

. |ended May ‘18 rose to the highest

» | general ~level since April 6, 1937, 1 Pun & Bradstreet. Inc, reported toay

The company’s index of 31 basic $2.93 compared with $2.85 in the pre-

% responding 1940 week.

_ | potatoes, raisins ‘and. hdgs.

corn, barley, ham, lard, butter, cottonseed oil, coffee, tea, beans, eggs, Wheat, rye, oats, sugar and cocoa were lower. :

RETAIL ADVERTISING SHOWS 7TH GAIN

CHICAGO, May 16 (U. P.).—Re-|1

a | Week ‘ended May 3 showed a year-

ager, announced today. Nearly 16,-} 000 Kroger employees throughout |

tions.

pay for its employees. Two years ago the length of service required |,

as much as one year of service was Inclnded on the vacation list,” said.

Cincinnati. ployees and their families visited: the mers and plants there last | Lin

FIRE-CASUALTY AUTOMOBILE INLAND MARINE INSURANCE for Careful Property Owners at Substantial Savings

Aad: MAKE

0 8 Dna ¢ G&L Terre Haute Elec

“Kroger’s policy for many years! in

based on buying and ta t}-: has been to provide vacations with yas oot ante af an selling quotations’ o

was reduced so every employee with Agen ry employ Beit 2 in

¥ N

LOCA

ay jotlowing Bon 8!

d & re Co

Stotks

1SSUES

otations by the Indiane , are 0 not reprely actual price of offe ag but merely dicate the approximate market

gents Finance os. Me. Som 1% ts Pinance 20

Stk Téa co

t RR s Stk Yds ofd.. ceees

he De Ind Pow 7% Loan 8% ve

mwith

Albert H. Morrill, president of the Hox T eT grocery concern, has again extended [10d Asso Tel an invitation to employees for them | ma Gen. to visit Kroger’s general offices in |Indpls G: Approximately 600 em- [123 Hvar

tH] Ene] Baas Es

Ine com

sesessetas

uE=Eeusse Fu ;

Sa pid lec 6% pid

So a Ly 8 Soa

ven Samp MIE’ Som

ON ANYTHING

SAH RC) A

NI ION Te Ao )~

I FLASH

i 1} | |

erican

om Indpls P indpls Railway a

Kokomo. Water Works 8 $8: & 8 Soke Hg 8

Loan

Murra 0: 10

baiais ea

1 a

108%

-to-year increase for the seventh|i

2 | successive week, advertising placed

by retailers in newspapers of 83% major | eities in ,the latest week amounted to 24,181,805 lines compared with 22 515,560, a year earlier, a gain of 7.4 per: cent. ! For the year to date volume ag-|? gregated 363,163,978 lines against |§ 349,070,194 in the corresponding 1940 period, an increase of 4 per cent.

OLD STEEL PLANT

Knox Steel Co., Pittsburgh, of the old Laughlin plant of the Carnegie-

today. a year ago, will be renovated and

fense orders. It will. ‘employ Souk 700 men. 5

PRICE HEAD! Ss LORAIN MILL Price, 40, superintendent today of the Tube

general local plant ofthe National

Good and : 30

,| POW-JONES STOCK AVERAGES A

i: Good and choice

food commodities in general use was y

Price gains were made by flour,|ss 0@10. 5;

TO BE RENOVATED |= MARTINS FERRY, O, May 16|D (U. P).—Acquisition- by the Blaw/|she

Illinois Steel Corp., was announced|, The plant, which was abandoned | {ho put in operation for handling de-|§;

Lorain, O., May 16 (U. P.) —E. G.}

BACK AT $9.15

Values to, Highest _ This Week.

H0G PRICE RANGE. Top Receipts May 9 ®vce0000000000000000: $8.55 > 7,939 1,500 © 9.200 9,177 10,251

May 12 ssscessscsssssccnacs 8.85 May 18 cico0sccsvncssencece 9.00 May 14 9548390000828 0%000e 9.15 May 15 . sveecs0sssnnentissae 9.05 8,245 Today’s M-cent increase in hog prices at the India lis -stock-

'|yards returned prices to Wednes-| day’s levels, highest of the week and

the best since September, 1939, the Agricultural . Marketing Service reported. Prices today are 40 cents higher]: than at the end of last week on

‘| weights above 160 pounds and pack-

ing sows are around 50 cents high-|-

lated this week by Government purchases of heavy pork cuts. Today there was an especially heavy demand from out-of-town packers for lightweight hogs. The top was $9.15 for some of. the best 200 to 210-pounders.

top. Cattle prices were strong.

—Thursday, May i5— HOGS

Barrows and Gilts .

332233392 DDD

0 HoBWBDOBN

0 ~NEW

[—3 aS83355563

CW PNNNNNN®= os < Q

160- 180. FOUNAS ....cevese pL

5¢ = iso pounds ....e.. svn as laughter Pigs. Medium and Googe

90- 120 pounds 100@ 7.85

1 r, Cattle & Vealers (Receipts, 300) 5 wee k

it: 12.75

S ssrssaseaseniLil 13. mw 8 13.00 . 11.00 12.75

Sounds ".. *

UNAS coccsssscoace

750-1100 ee ®csscettscace 11002500 | pi $eesscsscrss

750-1100 pounds cdevaess coche Steers, Heifers Choice

500- 50 pounds Jecvccocceces 0- 750 pounds ... 5 POINT deters

1 -00 9.75¢ 11.00

[email protected] 8.75@ 9.75

8.00@ 8.75

11.%0013.00 [email protected]

satssesavess

T5000 pounds '[email protected] al 900 POUNAS eeccecsccsc. 10:[email protected] 300-580 DOURAS +.secaceseese [email protected] 500-7500 1 pounds c..ce.coecens a.000 9.00

‘GOO “irises sseccnscvacsooces 3 ium cescee : A 3 90

5.50@ 6.50

CanNer ede.voriersaceiss sssasse (Yearlings excluded) Beef-— s8ve6400084vadsesdncey tha s 8.75 Sausage— Gol & @cssssecssesttond

esssases sgseéoves’

Mediu Cutter and ‘common.

Good and choice.. Common and medium Cull

Feeder and Stocker Cattle Steers (Receipts, 694) Boo 300 pounds 300-2050 pounds

G |. 500- 800 p eho-1050 poun

Me ; 800-1000 pounds Common—— 500- 900 pounds ves Good Si choice— 500 unds down

oe sessesocree 10.

11.25 scsescessencs 10.35 13.26 10.25 0.508102 8.75@ 9.50 1.750 8.75

200c000000ces ®ccetcccctece

ee e000 0c0eece

. [email protected] [email protected]

00 pounds GOWD........es.s [email protected]

Med pounds daown........ ooo [email protected] SHEEP; LAMBS (Receipts; 81)

* Lambs (Shapn) Good and choice Medium and ood Common

Good and Common

CHICAGO LIVESTOCK

Receipts, enerally Sow; Nr market on all el ite and and choice, 180-330-1b. weights, 558.95 Gos; extreme ‘top, $9.20; 160-180 .10; . good 400- 500-1b, SOWS, 03s 8.65; siaughics weights, $8.75. Cattle— 000; calves, 300; with

7.50

4.50

wes (wgeled) : 4.00

uy aeensss d medium. .

« 4.00 2.00

sesso

TOP HOB PRICES |

10- Cent Advance Returns|

11,975 |

er. Heavier hog prices were_stifhu-|

Vealers slumped 50 cents. to a $12]

1S. Ayres, &

63 |of the Peo) le’s Out {retary; Alb:rt L.

RALPH S, NORWOOD

Ralph Ss. Norwood, ‘president of L. Strauss ¢ Co., was elected ‘president of the Merchants’ Association of Indianapclis at the annual meeting of the association’s board of directors ye:terday. Mr. Norv od: succeeds Albert K. Scheidenhe! > treasurer of BannerWhitehill, James A ein, assistant manager and =:sistant treasurer of L. Co., was elected vice Jlarc J. Frank, manager tfitting Co., secoller of Charles Mayer & (3. re-elected “treasurer, and Murre © H. Morris, re-elected manager. New me: bers of the board of directors el cted at a dinner Monday night are Lester Greengard, manager oi’ Morrison’s, Inc.; Stanley W. Shines, manager of Sears, Roebuck & Jo., and Louis Strashun, president « G the Rost Jeweiy Co.

23| DAILY PRICE INDEX

NEW YORK, May 16 (U.P.)— Dun & Br. istreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100). Yesterday Week ago'

president;

esscccsnse esses 135 2000000080000 08080a0 13. .00 Month age sessssssssssssses 130.25 Year ago . ..cccccccccecsces 117.50 1941 hight May 14).cceceess 13543 1941 low © (cb. IM eeecannnens 123.03

U. S. STATEMENT

WASHING GON, May 16 (U. P.) -—Government exp:nses and receipts Yo the current fisce year through May . compared a Jee ago: h

Repehse . §10.688 Ronit 1 os | Neb I et

|All Will Have Jobs—Hillman

Chicago area within six months,

ment, said yesterday.

CHICAGO, May 16 (U. P.).—Unemployment .will disappear in the

Sidney Hillman, associate director of the Office of Production Manage-

Mr. Hillman said he was “looking

‘ing that no discrimination be made

|The New York Central Railroad and

83| Wabash 21 per cent of the voting 4 8| and the Wabash owns 99 per cent of

forward to full employment” in the 15th OPM district, which includes all of Illinois except the East St. Louis area, the Cglumet region in Indiana, and part of Wisconsin. . Calling this a “war of equipment, not of manpower,” Mr. Hillman said the OPM is prepared to outmatch the facilities of Germany by. sub-letting more contracts to smaller manufacturers. “We have decided to make a condition in defense contracts, if nec-. essary, to force the prime manufacturer to farm out part of his work,” he said. To further distribute defense expenditures, he explained the OPM has sent requests to employers ask-

as to race or sex in hiring workers.

WABASH RAILROAD. “SALE IS PROTESTED

WASHINGTON, May 16 (U. P.).

the Pittsburgh & Lake Erie Railroad told the Interstate Commerce Commission today that acquisition of the Wabash by the Pennsylvania Railroad would create an unbalanced system - of overwhelming size.

The Commission had granted the New York Central and Lake Erie jon to intervene in the acquisition proceedings. | They pointed out that the Pennsylvania owns 30 per cent and the

stock of the Lehigh Valley Railroad the voting stock of the Ann Arbor

sition, they argued, would be to place the Pennsylvania in control of

Debits ....

wes ¥ ONAL 09, Ce

both of those lines.

light cattle Sredeminating -in 1 SroD; steers and Yealling® | Slow steady: weighty bullock

reliably want specially s and

ceding week and $2.27 in the cor-|pes

a higher for week eighty d stead heif ers, sieady; Tony. = at

to $11;

ian 3 tight heifers around $8

$9.2 25 down: cows A than 2 ets : -4ays; b steady with practical top Leavy sau offerings, $8.50, but $8.60 o; 35 more quotable; Vealers strongiat $11 A » H late esterda 3 lambs closed’ slow, weak ‘to PA 5 cents Joper: erings,

bulk- ‘fed:. Nutied off $1 9.661] atchers: me top. J X di to ot y ten most cli 8, .50; Spring lambs, "$11. Es 1 fi oyna y butch shorn ewes $5.

tail. newspaper advertising. in the od

shom TE OTHER | LIVESTOCK

) ~Hogs— generally 1c

sp Jobin bs be

bs., $8.65 300, iba. 1 1-140 be git

133 nedium gr

P. ft Sots: mar rit a aatlye ce. 180.320.10" Buichess: 11bs., $8.75; 10; me

ie steers, A and. common ens Br ie

“on Es erything!

Diamonds, Watches, Musical Instruments; Cameras, Slothing, Shotguns, Ete. JEWELRY

Railroad. The effect of the acqui-|®

PAGE 43 i

BUSINESS HERE ' GAINED IN APRIL

C. of C. Reports ‘Building, Utilities, Employment Set New Records.

Business during April moved another notch up the prosperity. ‘ladder during April, the Indianapolis Chamber of Commerce monthly business review revealed today. Bank clearings climbed to’ the highest figure since January, 1930,. and bank debits were only’ Se oy under ‘the 10-year high of: January. ~ Building permits ‘numbered 1685, an -increase of 30 per cent over March -and almost 22- per cent aver -

: i “{april'a ear ago. The permits were THES .inm. ronshs. mortar a ‘telievell 16’ Ve the fest: weapons | Yor ag

completed inthe Chicago ordnance district. It was made at the Hammond, Ind, ‘plant. of the Pullman-Standard Car, ‘Manufacturing Co. Preset tation is. made by President C. A. Liddle (center) of Pull-man-Stand vd to Brig. Gen. A. G. Gillespie~(left) commanding general of Watervli-i Arsenal, Troy, N. Y., and Col. Donald Armstrong (right), executive ¢ ee; Scag ordnance district.

MERCH/NTS ELECT

for a total value of $1,472,000, of which residential construction accounted for half. ; The public utilities continued to set new records, while employment and payrolls made Substantial gains.

Payrolls Rise

In the durable goods mahuiacture ing group, employment was up 3.5 per cent and payrolls 7.1 per cent over March and 96.4 and 1203 per cent over a year ago. In the none durable goods manufacturing group, employment was up 2.1 and 6.6: per cent and payrolls were up 1.7 and 9.8 per cent. Retail trade gained 5.8 and 13.7 per cent in employment and 5.5 and 122 per cent in payrolls. Whole= sale trade showed a loss 6 and a gaih of 1.5 per cent in employment and a loss of 5 and a gain of 36 in: payrolls; The average payrolls in the

manufacturing groups was $32.16. In the non-manufacturing group it was $24.21, !

* Inbound Carloadings Lower Inbound éarloadings dropped 20.4

per cent below March and gained

11.1 ‘per cent over a year ago, while outbound 'carloadings were up 2.8

and 16.2 per cent, respectively.

Among the other business indices listed by the Chamber review weres Industrial, gas consumption, up 1.9 over March and 25.9 per.cen§ over a year ago; electric power cone sumption, up 5.8 and 26.6 per cent§ telephones ™h use, up 8 and 9.1 per cent; water accounts, up .7.and

3.3 per cent; “streetcar passengers, down .6 and up 7.1 per cent; gas mes

ters in service, up 1 and 55 per cent; postal receipts, up. .8 and 37 per cent; livestock receipts, up 12.2 and 4.2 per cent; new cars sold, up 9.1 and 379 per cent; air passenw gers, inbound, up 32.2 and 21.8; out bound, up 233 and 10.6 per cent,

JOINS FEDERAL RESERVE

/Times Special

CHICA , May 16.—The Hope

State Bank, Hope, Ind, has been

admitted to membership in the Fede eral Reserve System, C. S. Young, president of the Federal Reserve Bank of. Chicago, announced today. George Harker is president of: the Hope bank; Albert Essex. is vice president, and Willard Winseiiy cashier. :

WAGON WEA 3 Up to the close of the Ch pie ; oday, de nats Sows fl mia" elevators paid 89¢ per for a | 3 red wheat (other Ea 22d pd 70c per. bushel for ep ns llow corn ite shelled

a. 700: No. 2 white oats. 2c.

AROUND ! THAT BREATH-TAKING FIRST TURN AND ANOTHER BIG RACE IS ONI

"Plan to attend . . . but if you " can’t, you still can get EVERY THRILL of The - Indianapolis 500-Mile Motor - SPEEDWAY RACE Accurately Recorded by

WORD AND

tn git Iwo SPECIAL EDITIONS

‘THE : INDIANAPOLIS TIMES

The Souvenir

The Final . .

Full advance detalls of the

WINNERS—A Siipiate reof the world’s great-

est race mailed as soon as pos-

. gible after the SWespetakes are finished.

10e—MAILED ANYWHERE

THE INDIANAPOLIS TIMES Indianapolis, Indiana

| (Do not send stamps)

Pos the 10s included legs mall me the Souvents ad 24a) Indianapolis Times vertised.

Editions of The (Print)

as ad

. NAME one BRN LBL iL suikiientgien

ADDRESS seesssecsnsstersassbessnssnistniqertaacenannrieences

CITY AND STATE ssssseenscesniesessssceevisessntcnyseeseten

If any of your friends desife these two editions mafled to inciude heir fames and. addresses with remittance

them just