Indianapolis Times, Indianapolis, Marion County, 9 July 1941 — Page 14
_ WEDNESDAY, JULY 8, 1981 BIGGER MAGNESIN PLANT REQUESTED
WASHINGTON, July 9 (U. PJ) Defense officials have recommended to the War Department thas magnesium producing facilities of the Freeport, Tex, plant of the SE a capacity of 80, » more a year,” it was learned today. Present production rates at Jiges port call for approximately 36, 000 pounds a year—three times the original production rates.
The OPM said that “tremen=dously increased requirements for aircraft and other uses” will require an increase in magnesium production from the present 30,000,~ 000 pounds to 400,000,000 pounds a year. Plans for the construction of plants to increase production to 75,000,000 pounds previously had been drafted by the government.
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FINAL STOCK QUOTATIONS. YESTERDAY
By UNITED PRESS
Hizh Tow Close et, DOW-JONES STOCK AVERAGES : wil oh
ome Bisel... Pro _ Today .....0 neurones LOA +148 -adojing Geist Estate Selling Part of Its|AdaRsaen:: 8" I Bl Week aro ill mas Zam i on id
\ir-Way El .... Month AO ....ceeseee00000s 121.89 1.78) Year Ago .........eeeenne.. 1260 +0.08 fonganic o nt A’
Interest in Indianapolis Water Co. fair fang 718 High, 1941, 133.50; Low, 115.30 Monsaata of ©'1} 1 C5 £830’ ww § High, 1940, 152.80; Low, 111.84, Moro
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By ROGER BUDROW ez Cp 20 RAILROADS Today sev 29.34 Yesterday esses 28.98 Week Ago cessescnnscasscsss 28.28 Month AO .ceoveerscecnssss 28.20 Year Ago . «oe 26.19 High, 1941, 29.75; Yow, 26.54. High, 1940, 32.67; Low, 22.14.
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TODAY THE GENERAL PUBLIC IS BUYING stock ied Cn Shauss. _ of the Indianapolis Water Co. Altogether, 225,000 shares of al ied 3 Mi a i common stock, Class ‘A, are being offered and early this|Allied Stores vt 82 - morning brokers reported the stock was selling well. Aloha PB Cem Control of the local utility, however, will remain in the|An hands of the Clarence H. Geist estate of Philadelphia because these interests are keeping 52.49 per cent of the common A
. stock, which has the voting power. Heretofore the Geist estate has
er Can 86 A 4 held 97.49 per cent of the stock, the A i&C remainder being owned chiefly by om Ale 1" local officers and directors of the a= Crys S 6 bt 94, ! 5 pf 1 f 2%
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sell more stock HOG PRICE BANGE if they had it, Ton Receints said they didn’t|June 26 csvesivec.SI1.OD
Reger Pulrow receive as mmunljus B Soil
as they had been led to believe. ra sessnsararens 0:15 Drexel & Co. of New York headed 3, seresese 10.00 the underwriting syndicate which + ! ceseense 10.90 had stated previously that they|Juiy § :i:ooiiiiiniiinin ide wanted to sell as much of the stock as possible in Indiana. A 15-cent advance in Indianapolis The stock sold for $13.75 a share.|hog prices today boosted the top to ~The water company itself will not|$11.25, the Agricultural Marketing receive this money because it is not|Service reported. A We ine ~ new stock. The money, about $2,800,-] The price increase was made on Zine 6% 000, will go to the Geist estate. weights between 160 pounds and 300 The sale marks the first time that|pounds. The market was not fully the public has had a chance to own |established on other weights. any substantial part of the utility.] The marketing service estimated our The company has paid cash divi-|1000 salable cattle were received, | Armstrong = so3%. dends every year since the common {600 calves, 6000 hogs and 600 sheep. Arnold Const ... “8% ‘stock was issued in 1912 except in 2 : 1825 when a stock dividend was de- Tuesday, July 8 clared. : HOGS A pt" : 30 ; In the current publication of the Ja 140 sursenieesseiy : 25 Atl © Line i “ N. Y. Stock Exchange, John R. SII | | 3 y W I pt Cassleman of the Grand Rapids,| ] .. 11. 10]Atl Refining ... 21% Mich., Chamber of Commerce, has 4 [email protected] | Atlas Corp pt. H i this to say about selling utility . - 1 20 2 Atlas Pdr |p stock: 390 ; its Foe “Tt is my recollection that two of |,337;,3%0 +++ 10.70910.75 | Aviation Corp.. the primary reasons for sales of| 160- 200 pounds ............. [email protected] utility securities to utilities custo- Packing Sows mers were to create goodwill among | S59? and A100 gun 10.15
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patrons and to mobilize customer-| 300- 330 seasseevssans 10.00 voters for the protection of utilities| joy °° semseserssery 399 ‘against oplitical acts . . . The value POUNAS coescscoccese 9.15 10.00 9.65
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This is not an Offering Prospectus. The offer of this Stock is made only by means of the Offering Prospectus, This is published on behalf of only those of the undersigned who are registered dealers in securities in this State. These shares, though registered, are not approved or disapproved by the Securities and Exchange Commission, which does not pass on the merits of any registered securities,
225,000 Shares Indianapolis Water Company
Class ‘‘A’’ Common Stock (Par value 310.50 per share)
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of customer ownership very defi-| {00- 330 Pounds nee ys
2 .nitely has been proven in the|yeaium friendly benefits which have result-| 250- 300 Peusds ed from such diversified and local security distribution.” Medium and Gok 9.00@ 9.60
3s : s 8 = Steel 7 pt. 122% ONE INDIANA BANK really is Decks. 31% booming. It's the First Bank. of ; : 38 Charlestown where the Government | * : . : Br. 39 is spending $100,000,000 on a smoke- [1300 -15 00 «+ 11.0012. rr
Jess gunpowder and bag loading in- 330- $00 Sounds .
dustry. 1300-1800 I Cashier ® D. Dysart. says, in the yed fo [email protected] . Burroughs Clearing House, “I feel as = soveseventans Bb’ . ghee ring oS lot | 5100-1300 pounds .....lilll gan ride.” With about 26,000 workmen CRe0-1156 + pounds -.c.ccciveceee 8.50@ 9.75 ‘in the vicinity, deposits soared from |cnot Steers, Heifers $160,000 to $667,000 in only nine Soo 750 pounds ............. [email protected] | manus, 120 HO crounis Were 500- 750 pounds .........ceeo [email protected] open six mon pay day eiters & triple line forms down an entire| Si%i°%g POURS ...ceeeecee.. [email protected] block, sometimes around the corner. Chor 200 ‘Only checking accounts are car- - os pounds “.cocsscscce.. [email protected] ried’ and the bank gets a service S00- 56% 200 pounds c..cccocsese [email protected] revenue from those, seven cents for| s00- 900 1 PoUNdS .....ccc00000 8.00@ 9.50 every item handled on construction Cows accounts. They've built bullet-proof go nd eres an 8.35 8.15 barriers and . automatic cashiers, | Gutter and common -onreer. 6 g 735 hired two more clerks and haven’t|Canner ... i 5.00@ 6.00| ¢
cashed a forged check yet. Contin duo |, Rn 5 Jf
Beef—~ oe a9 un esesssssnssesassssessss 8.500 9.00}Can *Pacific .. ve us
Good 8 Shy Gannon Mills .. opps AND ENDS: There is no|Sausse kaa 1 9.00| Capit Ad pt A". 370%
alarming in disea. Medium aan Eu .50| Car C & . 92 £ Increase in se among Cutter and common ....... 7.25 8.00 Casey sti... 28%
Indiana’s 100,000 bee colonies, James Vealers gas E. Starkey, of the Division of En-|Good and CROCE. +. ov eiveese Engi 3 Caten
: Common and medium Sesesane tomology reports. . . . A terrific|cull Feeder and Stocker “Cattle Colotex pf pense oe
‘roar went up from the floor of the (Receipts, 600) ry
- ¥Y, Stock Exchange yesterday Steers ent Foundry". 2 ® when the trans-lux tickers flashed (Chotcer ~~ SIRS) Ee yo a) Jews that sales had passed the (800-1050 pounds eieiilailllT10:[email protected] | & million-share mark, first time since | “400% 500 pounds vevee.reeses. [email protected] 6 before Ia Christmas, as 200.1050 pounds .e.ceccececes [email protected] ] mill (500-1000 pounds ....eeeees. [email protected] were made in May, new record for Common d 75 © that month. . . . One leading Brit- a ay + B30 ish insurance company reports that {geod ana Cholce— : onl 8 per cent of its death claims 300 pounds down....co.c..... [email protected] 2 - year were due to the war and| 500 pounds down....... veer. [email protected]|ChiPnTool cv Bf 52 ‘another large firm reported only 33| ~~ Calves (heifers) ta cent of its death claims were|“500",olindas down............. [email protected]
ue to the war. . . . Indiana 1940|Medum— ~~ [email protected]
loans now number 1044, cover 821 bushels and amount to $551,-] SHEEP, LAMBS (Receipts, 800)
912, the Agriculture Department re- Lamis (spring) | Cleve Graph Br. 29 . . . . Canada is asking its| Sodium dnd geod 20100000 "3 00R1ES xi b! gave ns to eat less bacon than they [Common ..................... 8.00@ 8.75 Climax Moly Go 0 40 id last year because Britain wants i a (shorn) an Coca-Cola _ . cae much. When Canadians or the|S00d and choice ............ 3. . wi ote Bri sl use the term * » they Common and medium -s 225@ 3.35 Sl ©. fa Fusi’ =] mean not only side meas but tams| CHICAGO LIVESTOCK [£5 £2 fi well. . . . Several railroad presl-| Fog Receipts, 12,000; opening | Col BSticEs 31 around 15 cents higher than yester- | So! Sa pf A.. day’s average; most’ early bi nie years, costing a billion dollars, |saios good. and choice bigs aad fel Fictures of which they want the Gov-|pounds, [email protected]. Cattle—10,000; | Co
ment to furnish. calves—800. Sheep—2000.
ORGE GUND HEADS | LOCAL ISSUES
Tuesday, July 8
CLEVELAND TRUST Nominal quotations furnished by local
4 unit of National Association of Securities CLEVELAND, July 9 (U. P.).—|Dealers. or , ( "0 ocks Bid. Ask ge Gund, a director” of the Agents Finance Co Inc com... 7% 9 and Trust Co. since 1937, has sents Fiance Co ne pid. . 40 elected president of the insti- 5 succeeding the late Harris g Jive vs sch. I. F. Freiberger, vice presi- X D i : : : 5% t and director of the company, | i Home T&T Pt =; ia pfd. 50 s been elected board chairman, & Mich Elec 1% ped... 108 Sing the death of Mr, Creech in [Ib oo 14, 11g
Mr. Freiberger has beén the | In % % ne ae Cont Mo inistrative head of the bank, is ls PaL, com Cont Spe i
b +104 as so , Copweld Steel . 16 zg as chairman of the board Lincoln Loan 7 Bie oti Sop Ex Bank 15%
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a 25% + 33% 3314 : The following ie merely o brief outline of cortain information. contained in the Offoring Prospectus and ie subject to fhe LR 50 50 statements made in the Offering Prospectus and in the Registration Statement, which include important information not outlined For indioated eh herein and which are incorporated a Cg Do ri ote
THE COMPANY adinapolis Wakes Company was iogrpurated wider the Laws of the State of Jadiass eu Apel 3, 881, is controlled H. S. Schutt, Florence H. Geist, Eloise Geist Chapman (formerly Eloise Geist Sheaffer), Elizabeth Geist. Ely and Mary Golden Geist Zantzinger, Successor Trustees under deed dated October 7, 1985 between Clarence arcuss 3], Geist, Wilafugton Trust. Co. and H. S. Schutt, thisugh ewuetshiy of 202,476 shaves of Class #2" Comer Stock aad 194,984 shares of Class “B” Common Stock, representing 97.49% of the present voting power. The Company owns and operates a wales Works systems dewied jo supplying water ior domestic, ommeteial and industrial uses and for fire hydrant service in the City of Indianapolis and (the grow oF Shel aed having a papulakion sstimated ta be {a excess of 401,000: The y has no preseat tin 4 waver of its business. The Company’s sources of water are. # the White River dr TO The Company owns certain lands wage rights on Fall Creek, whi as an additional source of water supply. Among other properties, the Company owns
CAPITALIZATION as of April 850, 1941 First Mortgage Bonds, 814%, Series due 1966.. $14,425,000 Five Per Cent. Cumulative Preferred Stock, Series “A” ($100 par value) (10,549 shares outstanding) (8)...eeee $1,054,900 Common Stock (par value 816.50 per share) (500,000 shares authorized and outstanding) (b)......cccovescee 5,250,000
3] Thicte ade 34,133 shetres of Ouviulative Preferred Stock authorised. Such authorized Stock may be issued im series, each whichis entitle 1o 1 dividend to no 8 exceed 7 nd to redemption pric not 0 exceed 110% of the pr ven,
be fixed by the Board of Directors upon the designation o» ERT 1941, into 800,000 shares of Class ty ere and 200,000 shares of Class “B" Common
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RR Earnings of the for the calendar years 1933 to 1940 shown in the Prospectus and subject to related notes and other relevant i ormation, ate summarioed'belgw:
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Operating i depreciation Revenues i tenance (Note 1) $2,418,740. : $102,068. $122,557. 2,508,508. 119,829. 122,809. 2,445,321. hy 109,685. 123,408. 2,634,289. 118,878. 124,906. 2,564,294. 118,579. 125,668. 2,576,911. 100,694. "127,598. 2,692,028. 04,244, 120,418. 2,831,270. 648,416. 95,789. 181,428.
Nore k—For the Company's policy regarding provision for retirements or depreciation, see Note 1 te the Statement of Income included in the financial statements in the Prospectus.
Nore 2:—Federal income tax returns for 1937 and subsequent periods ud and the excess profits tax return for 1040 are subject : to review and final determination of tax by the U. S. Treasury Department.
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CLASS *A” Beginning in 1942 (with bstantially similar relative ts for the last half of 1041), the Class “A™ Commen COMMON SIUCE Sok ae to rch i ot FIbis 1% a Matin o 1 he sre ing" or set apart to 80 cents “B" Common Stack share
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certain matters affecting class rights, and is entitled in the event of liquidation Common Stock; after the payment of debls 40d Pref Preferred Stock. iy
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PRICE $13.75 PER SHARE
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The Udo Samad ‘ering Prospectus agreed to purchase H. 8. Schutt, et Uo Companys ts br and dims st orth nh Agreement Sure
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TO FACILITATE THE THE OFFERING, IT IT IS INTENDED TO STABILIZE THE PRICE O THIS STATEMENT IS NOT AN AN CE TA TE RE OR allaDE ST THE STABILIZATION, IF COMMENCED: MAY NOT BE DISCONTINUED PAGE 4 OF OFFERING PROSPECTUS.
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PLincols Nat | Life Ins coos 2B © . . presiding at executive com-[WN'Thd Pub Serv 5% ofd .. 3% Corn Prod .... 49% s meetings. :N Ind Pub gerv 6% pid... ih 104 | Corn Prod pf’ 180 *N Ind Pub Se % 21 Progress 14 Laundr
ADAN NAMED HEAD [BS% & of niir gt PENN RUBBER. CO. Gras» 8
SBURGH, July 8 (U. P).—|" AE, chaman, of Be) pew mre w 3% vo Jeannette, today announced RI Com m Bldg Co Co 4a of 61 9% Howard W. Jordan, who ré- | Citizens In +: 103 2 a Montgomery & Ward rh do avi Ss 43. gt of the company to succeed A. | hore La Bt Wayne edd: 16d 5, who retired recently. LRA P&L la = ade AILY PRICE INDEX giaiirasiipets dhode. [EW YORK, July 9 (U. P).—|N Ind pub Serv 3 Lg. & Bradstreet’s daily weighted s :
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