Indianapolis Times, Indianapolis, Marion County, 26 June 1941 — Page 23

racrm B. & 0. CORRECTS ORDNANGE FIGURES

Times Special v, WASHINGTON, June 26.—Bal= ii|timore & Ohio Railroad officials pointed out today that only nine of 12 |the new national-defense ordnance i plants are situated on their lines v.|or on those of the affiliated Ohio= %| Alton, in corgection of a story care ried by the Scripps-Howard News= paper Alliance June 18. The story said that 21 of the 28 ordnance plants were located along

THE INDIANAPOLIS TIMES

NEW YORK STOCK QUOTATIONS

By UNITED PRESS —-—

DOW-JONES STOCK AVERAGES 80 INDUSTRIALS Yesterday ......iveeveeeee.. 123.52 Week AZO ....ccoc0000000000 123.48 Month Ago .....co0u0000.0.. 116.28 Year Ago 120.69 High, 1941, 133.59; Low, 115.30, High, 1940, 152.80; Low, 111.84.

20 RAILROADS

tess saresssrsnas

' THURSDAY, JUNE 2, 1941

{HOGS AGAIN SET NEW "41 RECORD

15 4 oon

p pf $3 30 Ww Ya Altegh Lud Stl. 2%

‘The Human Touch’ Is Ed Ruffin’s Allied Chi fa,

Solution for Toledo’s Labor Strife["| Quotations Rise Allied Mills ...

Cents to Boost Top: By BEN WILLIAMSON $11 Ze Allied Stores .. Times Special Writer To . Allis Chal .... 28

56% i: TOLEDO IS ARMY JEEP CARS, “transmissions for HOG PRICE RANGE Am Ag Ch Del. 17% tanks, breech locks for anti-aircraft guns, spark plugs for fon Receipts

Net Last Change 12% Ya 16 25

Low 12% 15% 25 5% 3

Net Net Last Change Last Change High — J

N : White 88 Dent. 12% +0.28 port Ind 67% & + 1 Mot 16 3,02 £.11 % wn Fu

M pr p pt 25 +0.07|N 1 aig ; +0.96 “ee Wilson & Co .

Wilson pf . Woolworth

BUSINESS

D+

3% : Ya

sesessssssscnssenan

All 4 Be S29 29% . 21% 20% 64 4s . 80% . 9714 9712 Yo 14%

teeter eli

28. 28.

+0.24 —0.22 —0.08

: dE pf 112% $051 Nrthwst Aline 8's

Yesterday Week AZO ......cooonaaveres [2 |Month Ago ........eceeeen.. 20.57 Year Ago 25.73 High, 1941, 29.75; Low, 26.54.

3 Young S & W.. Young Sheet .. .| Young Stl Dr ..

Am Bank Note Am Bk Note pt 44

++: +

airplanes and blitz buggies, gears and bushings and scales

- . . » . . Ji . ‘and shells and precision instruments for this mechanical war.

At least 100 of Toledo’s 504 factories are on direct defense production. And most of the other 400, in a wide variety of products, contribute indirectly to the mechanics

‘of defense. Toledo, for several years, had many and frequently violent strikes. Mass pickets

fought in front of plants.

The militia came in. Men were killed. And the city got a black reputation all over the country. Toledo now is virtually without strikes. It still has industrial disputes. The A. F. of L. and the C. I. O. claim about 30,000 members each. And two of the city’s chief employing plants still are non-union.

,. The elements for labor strife are still here, but in the last year of intensified defense production and rising employment, there have been no jurisdictional fiare-ups, no prolonged and bitter bickerings, no mass picketings, no strike in any direct defense industry.

For Toledo, is also, the Industrial Peace Board and its big, curlyhaired, easy-smiling, good natured, tough-fibered, two-fiisted diplomat of a director, Ed Ruffin, ex-laborer and ex-newspaper reporter. The story of the Peace Board and of Ed Ruffin’s success in bringing industrialist and employee and union leader to common sights now is in its sixth year—a continuing story of fewer strikes, fewer disputes and a complete disappearance of radicalism in Toledo’s union ranks. Since mid-1935 through 1940, for instance, Ed and the Peace Board have settled 181 disputes—in 54 of ~ which strikes definitely were threatened—without a strike. Fifty-two - actual strikes were settled, but they were minor, involving a total of only 600 employees. Last year there were only five strikes, involving only 473 men. This year, Ed says, there may be a few more—but none that can't be settled quickly and with no more than a few hundred workers concerned. Ask any industrialist or union leader what Ed has, and the answer is always just about the same—integrity, exact neutrality, tough insistence on facts, guts, and “everybody likes Ed.” But let’s see how its works out around the conference table. Several months ago a near-strike dispute arose in a plant making a bottleneck defense product. It could have backed up into the Army’s whole training program, through a Detroit assembly line. . Ed has three meetings, and the big points were pretty well cleared up. There remained the- point of wage differential for night shifts. The company agreed on a compromise. Most of the union committee were leased. But one unionist held out for” the original ' demand—twice . - above the proposed settlement. That - one demand seriously threatened all the other agreements. 4 Ed knew the dissenter well. Everybody at the table knew his reputation for not liking work too well. So Ed said, “Joe, you ought to be paying the company to let you work at night, so you can spend your days fishing and hunting.” It got a laugh from everybody, a 95% union vote in favor of the compromise— and another quick settlement. Other snarls have been untangled by just such human touches. One

labor leader, having won a union!

ivalu€é;

shop contract, permitted one “conscientious objector” to remain nonunion because, as Ed pointed out to him, she was the sole support of her mother. Table pounding, says Ed, is out now in _Toledo’s meetings. They used to be near-

riots. He finds labor “more willing |i

than ever ‘before to consider all.circumstances and employers more . frank in revealing their problems.” Ed doesn’t have to work so hard at his $5000-a-year job any more, . but you still find him sitting around the conference tables until 2 a. m. quite a few nights every week. He sums up Toledo’s remarkable success in labor relations this way: ‘“The shop committees are better, management is more understanding, |a and everybody concerned is smarter than ever.” After all, what's smarter for any community than industrial peace?

H. E. STORER NAMED : UNDERWRITERS’ HEAD

Horace E. Storer, Indiana manager of Bankers Life Co., has been advanced to the presidency of the Indiana Association of Life Underwriters, a position once held by his father, Elbert Storer. Mr. Storer, whose promotion was anounced by Oren D. Pritchard, Association Board of Directors chairman, succeeds Claude C. Jones Jr., who resigned the post when he was transferred to the Buffalo, N Y. office of the Connecticut Mutual Co. The new president has served as head of the Indianapolis General Agents and Managers Association, the Indianapolis, Chapter of C. L. U., the Indiana Sales Congress and the third annual Midwest Agency Management Conference here last May. .

I. C. 40 EXPENSES IN INDIANA LISTED

The Illinois Central Railroad System spent $6,406,208 in Indiana during 1340, C. H. Masterson, Indianapolis commercial agent, reported today. Mr. Sy aon said the payroll amountéd to $582,054, while purchases of materials and supplies amounted to $5,690,303. State taxes were $116,179; water, $9484; power, $4098 and telephone, $4090, he said.

TIRE SHIPMENTS INCREASE

NEW YORK, June 26 (U. P.).— May tire skipments aggregated 7,732,828 units, largest for any month since June, 1932, and compared with 6,049,517 in April and 5755448 a year ago, the Rubber Manuf -Association_

acturers report- Lp : a ng rom roc om Apt or LR ——————— ii

. labor-employer | 75!

Takes Helm

Emil Schram

Schram Pledges Co-opera-‘tion in Formal Bow to N. Y. Exchange.

NEW YORK, regime based on full co-operation between the New "York Stock Exchange and Government regulatory

permanent place as “the public square in the business community” has been pledged by Emil Schram, former chairman of the Reconstruction Finance Corp., who will assume

July 1. Making his formal bow to Wall Street at a “get-together” dinner here last night, Mr. Schram declared that there is no room for pessimism concerning the future of the exchange. He told the attending financial men that there is %Hho irreconcilable quarrel between them and the Securities & Exchange Commission. “There has been tod: much talk about ‘the Government’ —and not enough talk about ‘our Government,’ ” he said. “Today business and Government have become a team in the defense effort. Co-. operation must be the hour in America.” The 1650 dinner guests included Secretary. of : Commerce Jesse .L. Jones, SEC Commissioner Sumner T. Pike, Wendell L. Willkie and Private William McChesney Martin Jr., former president of the Ex-

change.

Incorporations .

Williams Motor oR 3141 Broadwa Evansville; agent, G uy Winstead, same a dress; 100 sa ares wif) ous pa pat Wiis auto0 an arage Stead, Eileen illiams, Cecil E. Williams. Carter Truck panes, Inc., Indianapolis; change of agent to Eddie Carter, 912 Berwyn St., SE ile {nd. Equipment Provider Corp., 512 Insurance Bldg. PIndianapolis: agent, Jacob Weiss, same address 000 shares without par sautomobile and 4 Jarage,, business: J.. P. McCollum, A. M L. Williamson. Barco Exchange, Inc., 1 N. Pennsylvania St., Indianapolis; agent, Lawrence . Hinds, same address; 1000 shares no par value; real estate business: Lawrence Hinds, ary Sgroi, Cassie Miller. 1156

nsehdaten Oo ed eodore R. shares no ng Doris Federal Construction Corp., Indianapolis: change of address to Room 210, Lincoln Hotel, Indianapolis. and change ‘of agent to Jules T. Gradison, same address. Lyon & Healy, Inc.. Illinois corporation change of agent to Mrs. Betty Bahls, 308 |2 Perrin Ave., Lafayette New Albany Machine Manufacturing Co.; articles of reorganization accepting provisions of Sienetal Corporation. Act of 1929: shar value and 1000 See preferred of %%100" par value. Arno Plaster Corp.. Michigan Jin: amendment changing name to Arno Adhesive Tapes, nd other NeROments. Deepfreeze Distributing Corp.. Dunkirk: ent, Brinley W. . Lewls, Dunkirk: 300 ares no par value; dealing in refrigerating equipment: John E. Butler. Merry. Brinley W. Lewis. Ralph Elliott. ed Petroleum Corp., 1003 Railwav Exchange Bldg. Indianapolis: change of address to 5914 Rawls Ave.. Indianapolis. and change of agent to Martha Justice. same address. Sher] M. Smith Veneers. Oregon £orpo tion: admiy tted to fnainss to onl

produc John hier Wine & Liquor Co.. t. Louis. Mo.; registration of a mark Jabal, “old Fashion ” class 48: Wines and qu

Campbell Cereal Co.. Minneapolis, Minn.: registration of trade-mark, “Malt-O- Meal,” class 35 Foods and ingredients of foods. of Whiting. hiting: ailendment ProCRinn for perpetual existence

DAILY PRICE INDEX

NEW YORK, June 26 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday .. 139.21 Week ASO ....ocvesnesnesss. 137.94

. sess crs esssen es

[Month Ag0 ................. 134.68 ABO ...........000000e0 11598

Year 1941 High (June 23) ........ 139.63 1941 Low (Feb. 17) .......... 123.03

WAGON WHEAT

Up to the close of the Chicago market today Indianapolis flour mills and grain

red wheat (other grades on their merits). and paid 7lc per bushel for shelled No. vellow corn: No. 2 white shelled corn. 76¢c: No. 2 white oats, 33c.

June 26 (U. P)—A|C

bodies to assure the market a|Go

Indianapolis hog prices today continued their record-breaking pace|4! at the Union Stockyards, with the

ings establishing a new High for the

Marketing Service. The new record was the result of a general 15-cent advance. Salable receipts were: Hogs, 6000; cattle, 350; calves, 700, and sheep, 600.

: HOGS 120- 140

sedeessensine

Medium— *160- 200 pounds Packing Sows Good and Choice— 270- 300 pounds 300- 330 pounds 330- 360 pounds 0

360- 400 popnds ... 400- 450 pounds 450- 500 pounds Medium— 250- 500 pounds . . Slaughter Pigs

Medium and Good— 90- 120 pounds

CATTLE

secescsvescas

seseescses

ect eccsssscne

Steers stsvieveseses Sis) 0013.8

Choice— 0

s0ss0csveccne

750- 900 pounds 900-1100 pound 1100-1300 pound 1300-1500 pounds

edium: 750-1100 pounds 1100-1300 ) bounds

750-1100 1 pounds Steers! Heifers

ecevosencoe,

10. 25@11. vo

10.00 [email protected]

8.50@ 9.75

[email protected] [email protected]

hoice— 500- 750 pounds Good

500- 750 pounds

Choice— 750- 900 pounds

od— 50. 0 pounds 907 T00 ) pounds 500- 900 1 pounds

Heifers : [email protected] [email protected] [email protected]

sesvecscessee

Gogd .'...

the presidency of the exchange on |geiam Can

(Yearlings exoluded) Beef~ GOO svcrissarenssssnrrivens Sausage— Good

*s0sessevscnnssssssnee

8.75@ 9.25

Medium csisesees 8.25@ 8.75 Cutter and common ....... 7.50 .2

Vealers

Good and choice ............. 11. Common and medium . 3

Feeder and Stocker Cattle (Receipts, 700)

he keynote of Medium

H. |to

; —

evators paid 9c per bushel for No. 2 new

Steers

Choice— 500- 800 pounds [email protected] 800-1050 pounds ....cee...... [email protected]

Good— 500- 800 pounds ...,p..c0000. 9.75 800-1050 Pas suene [email protected]

[email protected] . 1.75@ 9.00

1 -1000 ) pounds 500- 900 1 pounds .. Calves

Good and Choice— 500 pounds down

( steers)

Medium— .500 pounds down Calves (heifers) Good and Choice— 200 pounds down. evan vey «v.00 [email protected]

Medium— 500 pounds down........ [email protected]

SHEEP, LAMBS (Receipts, 600)

Lambs (spring)

Good and choice ........ , | Medium and good.. Common

Ewes ‘shorn)

Good and choice Common and medium ...

CHICAGO LIVESTOCK

Hogs—Receipts, 9000; market active, 15 cents to mostly ‘25 cents higher; top, $11 freelto bulk ood and choits 180-27 As,

10@10 $10.50; good 400-500-1b. sows,

Cattle—Receipts, 4500; calves, 500; no reliable outlet for we ighty steers; "strictly choice kind absent and all cattle carrying liberal waterfill in addition to od quality than yesterday; killers taki ng a few good to choice yearlings and light steers about steady at [email protected]; enough weighty bullocks sold to make a market, bidding weak to 25 cents lower: best light steers early, $11.35, some held higher: sizable supply 1200 -1350-1b. averes in crop; choice heifers about steady,

1 medium to good 25 3 nts wor cows weak to 25 cents down, cutters off most; 1 ight bulls, 10@15| 2 cents lowers weighty kinds steady up to|En $9; vealers, 25@50 cents higher; bunches and odd lots selling up to $12.50; stock tie steady.

rades off most; fat sheep very Sorted native

50 cents lower, other other classes steady, bu slow: a loge 1S o5ely springers upward to $12: to choice $11.50@11. 75; A oY ie 96-1b. shorn lambs 2 75; few odd lots fat native ewes, $4. [email protected]

LOCAL PRODUCE

Heavy breed golored hens, 17c; No. 2 colored hens, 14c: Leghorn hens, 12c: No. 2 ¥ ee Barred and lbs. and over, springers, Barred and White Rock, 14c; Le horn springers. 2 lbs. and over, 15¢; No. eRhotn springers, 2 lbs. and over, 12c: ARs , «die. : Butter—No. 2 37% @38c; No. 2, S50 36'%2c: butterfat. 1,3 No. * or pickup es ‘quoted by. the Wad-

COUNTRY COUSINS

AMES, Iowa (U. P.).—It used to be that farm boys and girls were considered healthier than those in cities. - But Dr. J. G. Grant, head of the Iowa State College health service, says this is no longer true. He points out that rural youth is at a disadvantage as compared to city youth because of poor distribution of medical care, lack of public health facilities and lack of

health education.

stand

neighborhood.

thousand (including principal,

FHA INSURED 41% LOAN

ing costs on our FHA-insured loans have come down. \The interest rate is now 4%%. are going up—for every month we finance more and more homes here on the FHA Plan. Here’s the reason: Homes built or bought on the FHA Plan are checked for good design,

Monthly payments on an FHA-approved home in an FHA-approved neighborhood may. average as low as $5.81 a

Further details on request.

THE UNION TRUST COMPANY

Member Federal Deposit Insurance Corporation 120 East Market Street:

But neighborhood

good construction, and good

interest and FHA insurance).

$11 peak for 200 to 210-pound offer-|Am year, according to the Agricultural 2

Bald Loco ot. oar 0| Balt . hio -, .

9.15@ 9.65 |

Slaughter Cattle & Vealers (Receipts, 350) B

11.00 a

8.25@ 9.75 9 Ce

8.75@ 9.00| <1

10.75 &

Ci [email protected] [email protected] C

Som. averages, $11.50; several lots, $11@ | El 1.2 grade weak to|El

17¢; No. 2}

LOSE HEALTH TITLE

Am Br Shoe.. 36% Am Cable&R . Va Chné&C. pf. 101%

Am 8,000 | Am Chicle

Am Com Alc .. 5% An Enc Til ... 1% Am & F Pwr. Ya An SED) pt 15% sng: $7 pf 19 m H 31%

Am Am Roll Mill.. Am Ship Build

ou Armonr Ill pr pt 84a Armstrong Ck Asso Dry Ss. .

C Line...... 20% . 24% Foi. 36% 31

6% ; $A

Vv Ri Corp.

15% 3Y2 Pp 6'2 Barber Asphalt. Barnsdall

ughs Bush T B pf ctf 20 Butte Cop & Z., 43%

Callahan Zine. . B 18 Calumet . Canada =H ie ne Can Pacific .... 39, Cannon Mills. . - 36% Capit Adm A. 3s Carriers & Gen 25; Case J I Case J I pf ... Caterpillar T .. elotex pr pf..

Cen Gent Viol Sug.’ Cerro de Pasco 33%

So 1 pf. Col Broadeas B 157% Colum Gas 3 Col Pictures * .. 4% Col Picture pt. 237% Com Credit . 24 ..102 7a

Ivents.. 10%

So pf. 619; Edison 25% . 16% Cong Nairn ... 31% Cons Coppernms Lk Cons Edison Cons Fim pt 97 97%

1 Laundries 2%

Mot . Gont Oil Del’ . Copweld Steel.. 1434 Corn 8% Crane Co

cose

is Pub Curt Pub pr of 29% Curtiss Wr . 2d Curtiss Wr A.

Cutler Ham op . Hn

Davega Strs ...

31s Deere & C 237%

Lani las ser Mfg ... 223% an Silk .... 8%

Pont .......136 13% odak .

Pont pf ves 134% ares 33Ys L ... 31% 15

Dup Du

East Air Lines..

light | gat Sheep—Receipts, 1000; spring lambs, 25@ Eu

. 4 Jn

28 17%

312 23% 28

124%

25 134% 3

fl EE

+4: +: ay +] +4;

High, 1940, 32.67; Low, 22.14. 15 UTILITIES Yesterday Seesseviarsssennes eek AZO ...ccinsiinnennies Month AZO ....ccevevnncin Year Ago ........

High, 1941, 20.65; Low, 16.82, High, 1940, 26.45; Low, 18.03.

PEE REL RI

FCCC

Seesrsssassras

Ohio

Pac Coast 1 0 ac G&El Pacific Lt,

LH: Sb: |

High Low —r vee 168%2

19%

oe.

Fajardo Sug fed Mo

Pid P; ay "lorence Si Foster Wheel. francisco Sug...

162 ol 8 A 10832 101% «2T% 27Y . 18 Ya 3 3

a 101% ‘27Y,

Cir 2Y 9% 4%, 10% 4%

Gabriel A Ind Gaylord .Cont.. en Am Inv .

. Gen Gen

Gen F Gen Gen Gen s |Gen Motors pf 125 Gen Pr irae % | Gen Pr Ink pf.108 Gen Pub Serv Gen Gen hu Gen

3 G Goodrich Graham-Paige Grand Un xcts 10% Gt Nor Ore .. 15% Gt Rorh pf . 26% a | Gree! . 32% ad Cp. 11% Greyhnd 5Y%pf 1] 3s Gruman Air a Gu M & Oh pf 16%

Hat Cor

VE HE HERE Hs

vill Foes

Bay M &S 17% o Hudson Motor...

Ill Central ... "Iu ger P - Lt. Ind Rayo In torso)

Stl Taeairativh Cop. 123% Interlake Ir 82 Int Business M.155 ‘| Int rvester .. 51% Jot | Marine. . NZ +sex }: Int Nickel eis Int P&P .

3 + + 13%

Intst D T 10% ely cr Coal., 31%

10% 38Y2 63%

Jarvis Co ...... 30% Jewel Tea 2 Johns-Man .... “3

aii in Kayser Jul .... T% Ke a es A. 14% Kendall 100%

Kennecolt t

Kresge s

Va 14% 100% 37

Ho EEE

3 36% 247s

. 235 25%

Loft, Cc Lone Star Cem Lorillard

ssvnne J — 30 24%, 4%

: Mack Tr Macy RH

Melville Sh es 29 ami Cop ‘1018 /8

Pet dland Stt of. 115 ssion orp oo 11% onsanto onsanto A 115% ont. Ward ... oi

20 GC .. 61% 5%

UITAY eccvevnne ss Nom

8% 16%

Avigtion .

t Dept oe Distillers .. 20 Smn i of um rpm Bf 8h,

DE] HH +

pf... Bu Si pt 83u t- Sup 2 pf.. 13% Tea 3%

Net Last Change

Dill FLERE

+ Y

n Plymouth oy

Postal Tel pf. . Dress lL car. .

Safeway Safeway 5 pf.. By Lea

Bs Arm . Schenley Dist .e Scott

Seagrave

jun wift Syming-Gld xw

Tenn Corp

sae”

Transamerica . Trans & W A Trans & Tri-Cont Tri-Cont pf Truax Tra ... 20th Cent-Fox

“+= ESE SE rn

Le Se

Und Ell Fish .e

a ~

++ >

SRE wan =

dddadddadad nunnnpnnn®

U United ® priut

Un Mer Dist &

Gypsum . Ind

Leath A

| +441: te

tt 4 EE»

5 Tob Un Stk Yd

—C

0il 9 Oliver Farm Eq 20% Owens Ill Glass 45%

ve 24 . 3

y 45 wo 12 15% 24% 3 17

— BI Ot —

enon

a - =I cob)

JER CON entobd be

WO NORD a

8 stl... 19% Stl of’ 100

OW OBI STE

— —-

» | thorized issuance of $234,000,000 con103 vertible debentures to provide funds ? |for a huge defense construction pro-

d - t ios Fran Pr Lis 153

Pap 35 Scott Pap 4 pf..110

3a 2% 8%

Syming-Gld ww Tv

6%2

. 66%2

5% 20th Cent-F pf 18%

35 11%

13% 81%, 40%

10% 18

. 9-16 f . 22%

dy 37 - fig 3% Gas Imp Un Gas Imp, pf. 108% Mig 10%

as “eB 3

Play Card a a

s | Univ C: %ing “sti 144

Univ Pict

Va-Caro oe aa Va-Caro 6

Walgreen

Pa El 6 pl. W Pa El 7 pf.. West Md West Union .... Westin WwW &

£. sl Wheel Steel

START Your COLLECTION OF WARPLANE PicTURE CARDS...FuLL COLOR-Excrrivé -5 NEW CARDS EVERY WEEK. DRIVE IN WITH DAD OR MOTHER TO YOUR TYpoL DEALERS 7004y/

PORTRESS ~ BOEING 8/7-D HiT HARDER AND FARTHER BEHIND Enemy LINES. THATS THE Jo8 FOR THIS GIANT US.ARMY LONG-DISTANCE BOMBER

NR = \ .

1 pf.160

—l—

1% 26%

West Air. Bke .. El %

. ‘Rn =. 23%

Va EI&P 6 Pi 116

87% Walk Bow pf in

2|up 2% points.

2 |usual convention bustle. It wasithe annual encampment of the Utah XN

4 [the Republic.

5a Viera Bem proudly paid her appli-

2 first .papers two years ago.

Oil Men See 'Atom Sorter’ Which May Aid Industry

i | matter,

Zenith Rad ...

RKO STOCK PAGES LIST IN DULL TRADE

NEW YORK, June 26 (U. P.).— The stock market advanced slightly in dull turnover during the morning dealings today. Activity in the amusements featured. Radio - Keith - Orpheum, the most heavily traded issue, gained 1 to 3%. Warner Bros. sold at 3%, up. %, and Paramount 11%, up i. Warner Bros. preferred at 61 was

Steels made minor Motors were steady and copper firm. Rails were steady to slightly higher.

Huge Telephone Expansion OK'd

NEW YORK, June 26 ‘(U. P.).— Stockholders of the American Telephone & Telegraph Co. has au-

gram by the Bell System and for “other corporate purposes.” The new issue represents the largest single debt flotation in the history of the Bell system and brings to $374,000,000 the total of new financing undertaken by the A. T. & T. in seven months. According to some estimates, 1,500,000 new telephones will be added to the company’s system in 1941, an increase of 50 per cent over any previous single year.

G. A. R. VETERAN HAS ONE-MAN REUNION

SALT LAKE CITY, Utah (U. P.). —Flags flew on Salt Lake streets one day recently, and there was the

department of the Grand Army of

In the convention assembly room at a local hotel, Commander Ira Stormes, 95, called the meeting to order. Mrs. Mary H. Schnell, the commander's secretary, read the minutes. Then Stormes got the 'convention’s approval of bills accrued during the last year. Finally, business out of the way, he made a brief address. Then the commander adjourned the convention.

PAYS WITH 500 PENNIES SUNNYVALE, Cal. (U. P.) —Zilda

cation fee for her second papers with 500 pennies. She told naturalization authorities she had started collecting them upon receipt of her

advances. | £

with Cc

the '‘B. & O.s lines “or subsidiary lines or in the close vicinity.” This was in error. Aside from the nine plants locate ed on the company’s lines, the raile road chart shows five others within a few miles of junction points, though served directly by other 5 railroads.

LOCAL ISSUES

The following quotations by the Indiane apolis Bond & Share Corp. do not represent actual price of offerings. but merel indicate the approximate market leve based on buying and selling quotations ol recent transactions Stocks Bid |

Agents Finance Co Inc, com.. Pi Agents Finance Co. Inc., pfd.. Belt RR & Stk Yds com

Asso Tel Co nd & Mich Elec 7% pid ndpls Gas com .... nd Hydro Elec T pf.. *Indpls P&L 5%% pid. dpls P&L com *Indpls Water 5% pfd.. . sincoln ‘Loan Co 5% % pid ‘os

Pub Serv 3% id. . Progress Laundry . Pub. 3erv Co of Tha 8% pid... Pub Serv Co of ae 1% vid... So Ind G&L 4 Terre Heute Blot °5% pfd 0 C

Van Camp Milk com .... Bonds on ows be w RR 4% 5%. 1%

Loan i 10! %0 Bldg Go Co Ws ot 0 Bw

DEER

oh lor 5 43. ho Way Tr 08 . yne Sas. . Warne 6s 43.. Co 3%s 70

ys N NY U. S. STATEMENT WASHINGTON, June 26 (U. P.).—Gove ernment expenses and receipts for the current fiscal year through June 24, come pared with a Jeor ago:

ear Expenses. 313 2,435. 033 302.

Customs. .. '342,456,488.39 INDIANAPOLIS CLEARING HOUSE Clearings .....

FOOD PRICES

CHICAGO, June 26 Ue P.) .—Apples— New Illinois, Du $ Tomatoes— dugs, $1.75@2. Lmao Hii 5@50c. Caulifiower — Washington, @1.30. Carrots — California, 5. ttuce -— California, Sweet Potatoes—Tennes« a .25. Onions (50-l1b. sacks) —Texas Yellow Berumdas, $1.75@ 1.80; Tex« + oe, Waxed. $1.60; California Yellows,

BUSINESS AT A GLANCE

By UNITED PRESS United Gas Corp. and subsidiaries 12 months ended Feb. 28 net income $4,575,820 equal to $1.61 a share on $7 second preferred vs. $5,701,544 or $2.88 on $7 second preferred pree

PITTSBURGH, June 26 (U. P.) — A portable “atom sorting” machine was unveiled this week at the re-

, | search laboratories of the Westing-

house Electric & Manufacturing Co. with research representatives of leading oil companies sitting in on the premiere. The atom sorter was put through its paces by Dr. E. U. Condon, as sociate airector of Westinghouse research laboratories, and Dr. J. A. Hipple, research physicist who developed the device, known as a portable mass spectrometer. Because of its ability to sort out by weight the molecules and atoms which ‘are the building blocks of all ‘t is believed, that with a little further development by the oil

% companies, it probably could be used

to improve the quality of refinery

'produc:s by keeping a constant check

ceding 12 months.

on the separation and combination of gases, Dr. Condon explained. He said there also are possibilities that the machine can discover new oil deposits. ‘by analyzing soil gases. Dr. Hipple said the new instrue ment has been made compact and placed on wheels so it can easily be rolled from one job to another. He said other uses would include the analyss of gases for the heat treat ing and hardening of steel and the tracing of carbon and other elements in animal bodies. The machine sorts atoms and molecules by “shooting” them around a bend in a glass vacuum tuoe at speeds up to 1,000,000 miles an hour. The lighter the atom or molecule, the more its path is bent, At the other end of the tube the

perc:ntages of different kinds are measured with electric meters.

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