Indianapolis Times, Indianapolis, Marion County, 18 June 1941 — Page 16
PAGE 16
BUSINESS
a
‘Railroads’
. By ROGER
RAILROAD EXECUTIVES HAVE REASON TO WORRY these days. In Washington sorhe officials want the
Government to take over the railroads and run them as it p: This is advocated because these
did in the first World War.
Freight Business Liable To Be Too Good This Summer or Fall
BUDROW. ~
i officials think the Government could run railroads bettar
than they can run themselves.
This, naturally, is disputed by the railroad men. These
men don’t deny that there is going to be a tight squeeze by late summer or this fall on the freight car problem. they ask. how can the Government do any better?
But,
The railroaders believe the peak of traffic will come about Oct. 1 and sgy they will have about 1,-
Times Special KNOXVILLE, Tenn. June 18.—
many riches that he plunged her into the poverty of surplus, may
nomic brink to which he forced her, From cotton seed hulls, long considered almost worthless, a new plastic of hundreds of uses is emerg-
g. It is a discovery of research workers “who, for 11 years, have been quietly working in a small
sity of Tennessee football stadium here. The plastic hag almost innumerable uses—wall rds, ash trays, steering wheels for automobiles, tea trays, compacts, fountain pens, telephones, electrical appliances, sheaves for textile looms. In fact, these sheaves are already in use on textile looms in ten states.
King Cotton, tyrant of the South who brought his southern bride so’
himself yet save her from the eco-
building just back of the Univer-
THE INDIANAPOLIS TIMES
University of Fonnefies Develops Plastic From Useless Cotton Hulls
{June
HOGS STAY AT
RECORD HIGHS
$10.15 Remains Top Here; 9000 Porkers Arrive; Vealers Steady.
HOG PRICE RANGE Top Receipts 11,589 10.508 7.308 8.012 200 8,326 8,510
.$9.50 . 9.70 TW. sessesarvanesess 985 June 13 esesasesnessasseses 9.85 June 14 ...coceenceccecnese 9.88 June 18 ...ccccovencnncens.s 990 June #1 .....cco0veesence. 1015
Hog |, remained at their record highs at Indianapolis stockyards today the Agricultural Marketing Service reported. . Thé top held at $10.15 for good and choice 200 to 210-pounders, highest here since July 27, 1938. Vealers were unchanged also with an $11 top.
June 10 Seat BANINIRNNRREL June 11 .cciecvcnscscocccs
ihm WEDNESDAY, JUNE 18, 1841 : Target of the RAF.
ALLEY Ol Nl 01
C.& S. MAY SELL MIDWEST FIRMS
Southern Indiana Gas and
500,000 freight cars in working order by then, 65,000 short of what they expect will be needed. This fact is part of the reason for the current pleas of coal mine operators for the public to buy next winter's “ ; coal now. Y r esponsible, Roger Budrow partly for building of more farm grain bins and Government requests that farmers hold off shipping their crops until the bottleneck is passed. To substantiate their argument, railroaders point to several things they are doing to get more freight hauled with tkeir present facilities. “Don’t load cars until you know they can be unloaded,” is the repeated warning of J. J. Pelley, president of the Association of American’ Railroads. It takes 12.4 days to load, ship and unload an average freight car now. Railroads are trying to cut that down. They are stressing heavier loading of cars. Speed of trains have been increased (60% since 1923). They are buying freight cars (350,000 to be delivered in the next 26 months). Since the 1920s the railroads have had more than enough freight cars. Now the Situation is reversed. The steel, aluminum and automobile mhkers aren't the only ones with hard sledding ghead.
WISCONSIN CHEESE was the subject of a two-hour argument in Washington yesterday. Some Congressman from Wisconsin went to _ Agriculture Secretary Claude Wickard and told him that his appeal to Americans to eat less cheese so Britain would have enough was hurting the cheese business. They wanted him to retract his appeal but he 4 wouldn't. at cheese| Company officials, now engaged en a ea a 0 for|in integration discussions with the both Britain and this country. They | Securities & Exihange Commission, countered by saying if the Govern-|are understood to feel that the
re farmers a better |Southern group is so well interronBont woul pt would be pro-{nected and correlated that the SEC duced. would gree to its retention as anie
integrated operating system. MOVIE- GOERS aren't “staying If the contemplated plan is away from the box office in droves,” |effected, Consumers Power Co. would | Chrysler according to the Motion Picture|become key organization in the new Sh Herald, and theater attendance and|Eastern and Midwestern set-up. receipts are better than last year. Largest company in the CommonBut, the trade journal says, the na-| wealth & Southern system, consumtional defense boom and its at-
ers power serves more than 1,600,000 fendant rise in industrial payrolls|consumers in Michigan. ‘has not been reflected fully in movie : house secelpts
ODD AND “ENDS: “1 all UO. S. . drank as many Coca-Colas as" the ' average person in Evansville does, the company’s sales would triple, according : to: an article in the current Shell Progress. . . Armour & Co. had: planned to sell ‘powdered eggs this. summer to the general public (bakers already use them)
For months the cottonseed research workers.ran an experimental oil mill on the campus, with cottonseed rushed nightly to Knoxville from all over the South, A cottonseed cooker was developed which reduced cooking time from two hours to fifteen minutes, got 10 pounds . more oil per ton of cottonseed and Electric Included reduced, power and fuel costs 25 per u tili t B . Kk- cent. In that Bip alone the south was saved $5,000,000 annually, ity wrea-up. {and now the pressure cooker is in
NEW YORK, June 18 (U. P)). Huse in many states. Commonwealth & Southern Corp.] Other research is under way, in-
largest utility system in t iteq cluding work on protein extraction. States. may yo submit he Unliss: Experiments elsewhere have shown
memberment under the Public|that the protein obtained from cotUtility Holding Company Act by dis-1tonseed may be spun into a fabric of posing of all its properties in the almost the same quality and apindustrial East and Middle West, |pearance as wool. It may also be
informed Wall Street quarters said [used as the base of a casein, calcitoday. : nmine-like paint.
Compliance to the so called “death : yy : N. Y. STOCKS
sentence” provisions of the act by Sy UNITED PRESS
Commonwealth & Southern would leave Engineers public Service Co. DOW-JONES STOCK AVERAGES 30 INDUSTRIALS
The marketing service estimated 900 salable cattle were received, 700 | calves, 9000 hogs and 300 sheep.
Tuesday, June 17
Cottonseed hulls, once ‘considered worthless, may become the eco‘nomic salvation of the South. ‘Above, E.:C. Grubbs, assistant projects engineer, University of Tennessee Engineering Experiment Station, examines some of the many new cottonseed Bisatie products in his Knoxville office.
MUNITIONS |OIL STORAGE,| RAILROAD PRODUCTION REFINING | CENTERS
COAL, COKE | IRON AND other sections,” he said. “It is in- MINING STEEL cumbent on.the South to make the best possible readjustment in its agriculture without too greatly upsetting the economic situation in| 337 350 pounds : | Good— oT Te pre | Be Tm onne answer of the problem of surplus|,i30: 300 pounds ... and idle gcres. 260- 500 pounds
STEEL ALLOYS [*™*ums = ARE 'GODDLED'} i
120 poun _—aa . | 750-900 Mixture Cooked With More 110-1500 Care Than In Weighing Cake Ingredients.
By BEN WILLIAMSON Times Special Writer CANTON, O., June 17.—The cooking and care of electric-furnace steels—the alloys for the Army's and Navy's specialized weapons— would make the housewife who's proud of her kitchen artistry gasp High, 1941, 20.65; Low, 16.82. ‘|in admiration. High, 1940, 26.45; Low, 18.03. The electric furnaces boil great|Good : z Nes | patches of steel and alloying metals Mediu Low Last Change|—50 tons and more at a time—into|Canner a fused and molten product. They take carloads of scrap and tons of other metals at a time. Yet in the heavy industries none, except per-|S haps the chemicals, deal in such a | closely computed fractions of materials as the alloy steelmakers. Good a If the housewife were to bake a out cake as the steelmen cook their metals, she'd be weighing her flours and eggs and flavors down to a thousandth of an ounce. There's no |Choice— s| guessed-at pinch of this or dab of 800-1080 Sounds that in turning out the alloy steel Goo that will become the cylinder walls of an airplane motor. Follow an order for aircraft steel through Republic Steel Corp.'s elec- ._ |tric-furnace plants here and you | begin to understand what had to be done before U. S. airplane motors| sop pounds down could get down to one pound of| Calves (heifers)
; Good and choice— weight per horsepower. 500 pounds down 10.25@ 12.00 Cools Slowly
200 ‘pounds down . [email protected] a! That airplane's cylinder walls| SHEEP, LAMB (Receipts, 624) 2| can’t have a weak spot, so this alloy Lambs (spring) steel can’t have an impurity. In its|good and chotce making it must be protected from Medium and good too much heat, comforted from sud‘den chills, fed the precise amounts of formula to bring it up from infancy.
Through these and other developments, Research Director John F. Leahy sees a strong possibility of cottonseed replacing cotton as the south’s chief product. “rf the South should be forced to reduce its cotton crop and begin growing other crops, the South would come into competition with
Mediu 160- 300 pounds
Packing Sows Good and Choice—
270- 300 pounds 300- 330 pounds
Relentless target of R. A. F. bombing riads is Germany's great Ruhr valley, called the world’s most powerful center of industry, as . Britain seeks to destroy this important hive of factories producing Nazi fron and steel, munitions and synthetic oil. Most of Ruhr cities shown on map have been bombed.
JAPAN LAUNCHES NEW TRADE DRIVE
TOKYO, June 18 (U. P.).—A new drive to increase Japan's trade with the United States was disclosed here today with the announcement that the Japanese Gavernment will extend its “foreign exchange concentration system” to the American dollar and currencies of countries
within the “dollar bloc.” The. “concentration system,” under which the Government guarane tees importers and exporters against any losses caused by foreign exchange fluctuations, was applied to the British pound sterling on June 1, and it was understood the U. S: dollar would be brought in. on July 1. Informed quarters here indicated that Japan also is considering extension of the system to currencies of the Philippines, Canada, Argentina, French Indo-China, Brazil, The Netherlands East Indies, France, Italy and Germany as a means of encouraging trade with those countries. The finance ministry explained that the U. 8S. dollar was being in¢luded in this arrangement to protect and expand Japan's foreign trade in view of the present complex international situation and “unpredictable” future developments.
LOCAL ISSUES
.. Tuesday, June 17
The following quotations by the Indian. apolis 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 ransactions, ek s
Agents Finance co oh com. Agents Finance Co. Inc., oid. . Belt RR & Stk Yd Belt RR & Central Ind Pow 7% pid.. Circle Theater com
Reorganize Erie For Fifth Time
CLEVELAND, June 18 (U. P.).— Federal Judge Robert N. Wilkin has signed three orders in U. S. District Court and set into motion reorganization proceedings which were to send the Erie Railroad through the final steps of receivership for the fifth time in th eroad’s turbulent, 109-year history. Judge Wilkin confirmed the Ine terstate Commerce Commission's plan of reorganization, which had won earlier the approval of all classes of security holders. The Court also confirmed the designation of five men, one from Cleves land and four from New York, to act as reorganization managers. It was expected that about two months will be required for the ex< change of securities and other steps entailed in reorganization before the $500,000,000 railway system can be returned to private ownership, Baniifupley action was begun Jan, 18, 1938.
as the only major company = still fighting for its right to retain control of widely separated utility properties. : It was learned that Commonwealth & Southern officials now are working on a plan to reduce the system to a single integrated group operating in Alabama, ' Florida, Georgia, Mississippi and South Caro- = lina, to eliminate the parent company’s remaining funded. debt—$17,- A 000,000 in 10-year bank loans, and to effect a reasonable settlement on|A™ & the dividend arrearages of nearly $30,000,000 on its preferréd stock. Commonwealth & Southern now operates in two major groups. The|am Ship B principal northern units include|Am Sm Consumers Power Co., Ohio Edison |4% § Co., Central Illinois Light, Southern Indiana. Gas & Electric and Pennsylvania Power, all of which would be disposed, of under the plan now |4{5, Dr bee considered. G&WI the southesn gsoup, the major [4H SWI ot. -- units are Alabama Power Co, ny Georgia Power Co., Mississippi Pow- Bald Loco ct. . S Co., and South Carolina Power B
Net Last Change
1% Yesterday % | Week Ago 2 Month Ago iy | Year Ago Ye| High, 1941, 133.59; Low, 115.30. High, 1940, 152.80; Low, 111.84. 20 RAILROADS
High Low dis 485 48% ai 4a 2%
~aboae3 Saco
+117 +0.20 +0.17 +0.65
Abos Lab . 48%
oS ©=3-3-3 Sane
Medium : 750- 1100 pounds .. 3100-1300 pounds ....s
tom 150-1100 ) pounds :s Steers, Heifers Choic
Soo. 56 pounds
300- 150 pounds Heifers
eee [email protected] [email protected] [email protected] 8.25@ 9.75
8h 29% 18% 7
svesstnsace
Nan
10.78 Yesterday [email protected] Week Ago Month Ago Year Ago High, 1941, 29.75; Low, 26.54. High, 1940, 32.67; Low, 22.14. 13 UTILITIES
" =.
SALE EL HEHE Cases
[email protected] » [email protected]
5
Fae
Cholic 780~ I) pounds
750- "900 pounds Medium— 500- 900 pounds Common-— 500- 900 pounds
8| Yesterday : Week Ago s | Month Ago Year Ago
14% m Roll Mit ‘pf 64% uild. . 38
=
Hien Sears Roebuck .
PH HEE TE EL
At At At
ES
5: #
- 143 . th
: hy 16 1h
138% 353% 192%
i 141-YEAR-OLD IRON . ORE MINE IS SOLD
WHARTON, N. J, June 18 (U. P.), —The 141-year-old Richards Mine, one of New Jersey's oldest iron ore workings, has been sold by the Thomas Iron Co. to the E. & G. Brooke Iron Co. of Birdsboro, Pa. The Richards Mine has been in production since 1800, and since 1856 has been operated by the Thomas company, a subsidiary of the Philadelphia & Reading Coal & Iron Co. The mine produces high-grade concentrates for blast furnaces and lump ore for UpEn shear furnaces.
a n nd common utter a artes i op Vorlons’
38 8
i. o al
225 mm 333 333 3 e959 093 © pt Ho Om © 2383 838 8
Bu Budd M Bush Term ..
144 HHH
Feeder and Stocker Cattle (Receipts, 792)
2 = tri HERE
87 Ve 5% Twin Coach ... TV
rtd »
Union B & P... 11% Thnion Carb .... 72% Un Pae pf ..... 82% . 30 on. 40% sve 1-168 Le 33% : 3.
Leu Bese RL
ue
$50810:7
8.75@ 9.50
Ya 72% 5 82%, 30 40%, 11-18 23Y, 3%
1 10% 27% 22% 56%
11.25 11.2 - 800 pounds ..co.esiseceee 13.28 00- -1030 pounds ; 10.2
sevens vienens
sscssnlocece
4 7% 1 3
Com
Cal Good and choice— 500 poun-s down ....... Medium—
. [email protected] [email protected]
FHF FF
pf 60% : mwlth Edison. 26% Cons Aircraft .. 31 Cons Eoppernma- 1 7%
U.S. MANUFACTURED Gi Bl EXPORTS AT RECORD
WASHINGTON, June 18 (U. P). —Exports of manufactured goods from the United States during April were the highest since the World War, the Commerce Department re-
> »
Vanadium Va-Caro 6 pf...
28% 28 Be Ba
YW 4%
CHEE an 32
+ Walworth 4% West Union .... West Air Bke.. Westing El eer Woolworth .... 2 Crucible pf .... Worthington .. C-Am Sug cv pt sais Curtis Pub .. Curtiss-Wr .... o
11.50 @10. Wayne 76 ‘pid. 80 td 10314 '
+: HHH : EEESE Cee
. - LJ
14% 36 16%
Yellow Tr Young Sheet . Young Stl Dr..
Ewes (shorn)
Good and choice Common and medium
3.75]
3,25 Ind
HE iH +
. 36 16% 16% 2.25
Da 2 P&L cu pf. 111% 111% 111% e & Co 23 23 23
Zenith Rad .... 12'3 1213 123 «= Nie wnat ens Deers ! id nh Indpls Water. 5%
— but it loks like either Britain or the Army will get all Armour’s can produce. . . Supermarket operators in the East are afradi if gasoline is rationed their sales will be cut seriously because so many customers come in cars. . Boulder Dam will generate more than three billion kilowatt-hours of electricity this year, more than all of California produced in 1917—first year of World War I. . .. . Radio manufacturers are telling dealers they are rationing radios, will allot them 8 fixed percentage next yaer of what they bought this year. . . . A, E. Stevens, vice president of ‘Birds Eye Froster Foods Sales Corp., says Britain is storing away hundreds of tons of quick-frozen fish from Canada, some of its own food, too, and now has 50 warehouses and is buildnig more, . . . Recent rains in TVA area have helped crops but have not been heavy enough .to relieve the power shortage. . . . China is buying cotton from Australia, Burma and India to avoid the long. haul from’ U. 8.
Month ago Year ago 1941 high (June 13) 1841 low (Feb. 17)..... Vere sh
ported today.
Total April exports were
valued
at $385,000,000 of which $341,000,000 was in "manufactured goods. Aircraft exports were ‘valued atb|gat $66,000,000, three times the 1840 = April figure. El General imports rose to $288,000,- | 000 in April, the highest monthly] value since the first quarter of 1937. Foreign goods coming into the United States consisted principally of raw materials for use in defense industries.
Gen DAILY PRICE INDEX
NEW YORK, June 18 (U. Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday Week 880 ........ce00uensees 131.33 Pe 0ccsvevee 135.83 cdesenss 316:47
G P)~—
. 137.15
WHEEL CHAIRS Why buy one? Rent one'at HAAG’S ALL-NIGHT DRUG STORE ‘22nd and Meridian
SEE . the new
‘EVERSHARP’
PEN & PENCIL SETS
Guaranteed for Life
$8.1
W. Washington ld.
\ i
Lincoin Hotel
STANLEY JEWELRY CO.
—Ask to See the “Clifford” WATCH at EASIEST TERMS
12"
THE MODERN CREDIT STORE. 129 W.. Wash, "5 Spouse Ge
USE YOUR CREDIT at
IVI{OISH INN
NS
CLOTHING COMPANY
131 W. Washington St. Directly Opposite Indians Theater
1s Is Opposite Us ELINED | Mo's EPA jeriTTED | Women's
LEON TAILORING CO.
235 Mass Age.
SHERWIN
FUR COATS
Largest Selection in the State
INDIANA FUR CO.
29-31 East OHIO St.
WILLIAMS.
fas a Paint tor Eve COSTS Leek Because it Lasts Longer,
VONNEGUT'’S
WASTE PAPER
AMERICAN PAPER STOCK COMPANY 320 W, Mich.
TRY A WANT AD IN THE
“THEY WILL BRING
LIVERS Pd
. | Kennecott
Dongias Fi “ra 4 7 Dow Chem . ait 137% 137Y%
Co. & FEES
East R Mill ... %
+ rh
3 an
-
1H IE
Fid Phen 39! Firestone T .... Flintkote 3a
1+ Fa
11h Srrssrs
C118 ll 14% 7-16
Greyhoun
Holly Su
14Y2 Hupp Motor ... 7-16
* rE
Inland Stl t Agric Int
Int Nickel Int P&P pf .
FESS
a>
37%
22 a
843%, i a2 ?
CHEE + HEH "EE
EE
fia 1 artin (Glenn) . cCrory jcGiraw El . 19 or pt. 30%
4% 28 14
Seae
cK & cLe iss
on ull
Dibble
1+
BT
I
Nat Sup 2 pI. NY Central . NY Shi; No Amer No Pacific ceaes pHs
ih =
.
Ohio Oil Oliver Farm a. 3 Owens Ill Gl.. 44%,
: deat Thi: +:
Pac Coast 2 pf. Packard
~- | ai ba o~
Be
$i
Hi, SHH
CEFISEFFY
n RR Phelps Dodg ... Philco Co. Phillips Pet Pitts Stl pf .
FSIS FF
P38t.5t.e, § Shaolin fobs
ay
Richfieid oil";
Savage Arms
13 Scott Pp 42 pf. 113} 113
a | net loss $1,481,862 year ago.
. | year ago.
‘Esrars TR EE Sa a
BUSINESS AT A GLANCE
R. G. le Tourneau, Inc, May net profit $308,766 vs. $290,570 year ago; 5 months net profit $1,341,356 equal to $2.98 a share vs. $876,151 or $1.95 year ago. Union Premier oFod Stores, Inc., 4 weeks ended June 14 sales $2,655,720 vs. $2,264,527 year ago, up 17.2 percent; 24 weeks $15,117,010 vs. $13,654,750 year ago, up 10.7 per cent, Atchison, Topeka & Santa Fe Ry. Co. April net income $1,223,085 vs. nef; loss $285,492 year ago: 4 months net income $3,532,533 vs. net loss $1,840,776 year ago. Baltimore & Ohio R. R. Co. April net, loss $970,782 vs. $576,696 year ago; 4 months net income $2,476,197 vs. net loss $2,681,394 year ago. Chicago & North Western Ry. Co. April net income $21,684 vs. net loss $1,243,911 year ago; 4 months net loss $1,663,53¢ vs. $5,877,800 year
ago. ..Wabash Ry. Co. April net income $6,894 vs. net loss $497,119 year ago; 4 months net income. $482,385 vs.
yfid..nan First National Stores, Inc. 12 months ended March 29 net profit $2,608,719 equal to $3.06 cents a corimon share vs. $2,739,075 or $3.34 preceding 12 months Mission Corp. March quarter net profit after Federal income taxes $174,110 equal to 12 cents a share vs: $290,849 before Federal taxes
DIVIDENDS Indiana Gas & Chemical Corp. regular semi-annual $1.50 a share on $3 preferred payable July 1 record June 20.
Into the furnace for aircraft steel will go virgin scrap—the bloom crop and mill scrap from openhearth carbon steelmaking. No rust laden stuff from the junk pile here. Chromium, manganese, molybdenum are only some of thé metals that are added at the close fractional rates of pounds to a mass of 50 tons. Out of the furnace six hours later will come a stream of metal to be poured into ingot molds that have been pre-heated to an exact temperature. Then, partially cooled, it is moved to pit furnaces, reheated, rolled, cropped and placed in ashfilled pits for 96 hours for more slow
cooling. Many Tests Used
All along the process there'll be tests of this batch of carefully coddled steel. Some of it will go to a smaller furnace for experiments in the search for new alloys for new uses. That's the way the steelmakers found the substitute combination for nickel in automobile gears, to free more scarce nickel for the airplane's stainless-steel parts. . Yes, stainless comes from the electric furnaces. And it is coming out in greater quantities—for ships’ exterior fittings, for warships’ galleys, for bombers’ parts—than ever before. Republic’s now is half They're shaping twice as much of it in a 15-months-old plant as it was originally designed to handle. Republic’s output of alloys is nearly four times its rate when Hitler struck ih 1939. The steel industry estimates that by the end of this month it will have 3,200,000 tons’ Saactiy in electric-furnace alloys.
stainless production
x
CHICAGO GRAIN
Opening prices today on the Chicago Board of Trade, as reported by Thomson & McKinnon, were: . July Sept Dec.
150% 1.00% 1.0214 @1.02% 1.04'[email protected]% 5 @ 3% TT 36% 375% 57% .60 \
WAGON WHEAT
Up to the close of the Chicago market i hia arals per or for pay red, ed, wheat (othe er des on their merits). per
uehel for white shell . corn; 2 elled No. i 4 2 white oats. 33c.
on Everything!
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ing.
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Convince yourself by 15-day test, at our risk, that this is-the biggest bargain you ever had, If not riectl satisfied after 15-day Pal, money re ed. Glasses ground on of licensed Osteopath. Broken lenses duplicated, frames prescriptions filled.
CO, Ine.
oI aul
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again over 1039's. }
PRICES REDUCED THIS WEEK
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CREDIT DES
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CHICAGO LIVESTOCK
Hogs—Receipts, 10,000; very few sales; most bids 10 to 15 cents higher than Tuesday's average; bidding $10 to $10.10 on good and choice 200-250 Ib. averages; best lots held up to $10.25. Cattle, 8500. Calves, 800. Sheep, 2000.
CONSTRUCTION COST ADVANCED IN APRIL
NEW YORK, June 18. (U. P.).— Construction costs in the United States increased slightly between April and May as a result of widely distributed, but small advances in masonry materials, a few lumber items, painting and roofing materials and labor rates, the American Appraisal Co. reported today. The company’s construction index, based upon labor and material prices|Tr in 30 representative cities, stood at 215 per cent of the 1913 average in ay against 213 in April and 202 in May of last year. The, construction labdr cost index rose to 256 per cent of the 1913
May, 1940.
L. S. ROCKEFELLER OIL FIRM DIRECTOR
NEW YORK, June 17 (U.-P.).— Lawrence S. Rockefeller, third son of John D. Rockefeller Jr., has been elected a director of Creole Petroleum Corp. The new director is a member of the New York Stock Exchange and is a brother to Nelson A. Rockefeller, co-ordinator of Cultural and
Americas.
LOWEST PRICES
Largest Opticians in America Principals _¢ of opus) rm ory and t and the a iargest chain Teall of Ft optical parlors - Tepateed and replaced. Oculist’s , Wi
IF
norm fro m25¢ in April and 244 in|"
Commercial Relations between the|-
p Lincoln Nat Life Ins com ... 28 N Ind Pub Serv 512% N Ind Pub Serv 6% N Ind Pub Serv 1%, Sia Prosress Laundry Pub Serv Co of Ind b pid... Pub Serv Co of Ind 7% pid.. 1313 Ya S50 ™md G&L 4. Ferre Haute Elec To ‘pid Union Title Co com Van Camp Milk pfd Van Camp Milk
Bonds Algers, Wins'w, J BR 4% 5%. 1% American Loan 52 hg Tican Loan Ch of C Citizens na, Bre Consol Fin ao RD Reynolds. Taylor 5s 432.. Home T&T Ft Wayne gore: Home T&T Ft wayne: 6s nd. Assoc Tel Co 3Y%s 10 ndpis P&L 3%s 70 ndpls Railway Inc 5 6% .... dpls Water Co 3 66 Kokomo Water Wo iy 55 58. . uhner Packing Co Abas 49 .. 100 Morris 5&10 Stores 5s 50 00 uncie Water Works 5s 65.... N Ind Pub Serv ne 69 N. Inc las eek Pub 8 Tel
Pub Co 4's Richmond Water Wis 5s 57.. S
¢ Term Corp Tr Ex divide aa’
Safe, long-lasting streets of concrete mean more than better driving conditions. Concrete costs less than any other pavement of comparable du-rability-and carrying capacity. It cuts upkeep : s 5 increases property values s 5 : and reduces driving cost by saving on gas, tires and car repairs.
MIL THAT
IS THE REAL
GIRLS AVEMENT
\
STREETS OF CONCRETE
ARE BEST oes safety, beauty, long life, low cost!
Concrete clean, spi
avements give 8 and span appease
‘ance to the community.
crete's pleasing gray color reflects light, po 1. cosin to see—reduces accidents, in every kind of weather.
Insist on concrete—the ideal material for building uty new streetsor resurfacing old ones
PORTLAND. CEMENT ASSOCIATION 610 Merchants’ Bank Bldg. Indianapolis, 1nd.
ST Sh i
gd siiend the wuts 0...