Indianapolis Times, Indianapolis, Marion County, 6 December 1941 — Page 9

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SATURDAY, DEC. 6, 1041

BUSINESS

Canada Method

By ROGER BUDROW

CANADA BEGAN ITS tion-control this week.

urally, many in this country plan works.

Canada decreed that retail prices, from Monday of this |i week on could go no higher than those prices at which

Its price control law is far more hard-boiled than any being considered in Washington. Nat- A are watching to see how the Am

Tries Tough Price Control for Preventing Inflation

BIG EXPERIMENT in infla-

High

Abboit Lab br & Straus... 45 Ex

Bp sb r \Reduc bed

vo. 50% Ye

rada 5 Ch Del 0 m Bank Note 7% Am Bk Note » 47% Am Bosch 5%

goods were sold during the four weeks from Sept. 15 to|am ch Am

Oct. 11.

Manufacturers and middlemen are permitted to vary their prices some but not allowed to shift the bulk of the

squeeze to the retail merchant. Canada wen easy on farm prices. Livestock, milk, cream, dairy butter, cheese, honey and maple syrup prices were not frozen in cases where the farmers sell directly to processors, manufacturers or dealers. But since the retail prices are frozen, anything extra received by the farmers necessarily has to come from the middleman’s profits. Cotton, steel, rubber, cocoa, tea and coffee—all imports Canada can’t control in a price way—will be bought by the government and sold at a loss if need be to keep retail prices down. Publicity is to be used in helping enforce the new law. When retailers elaim the manufacturers are squeezing them, the case will be reviewed, If not settled satisfactorily and quickly, the case will be aired in the press. Violating the law means a $5000 fine.

n ” =

U. S. RUBBER has built what it calls the “world’s quietest room” at Northwestern University. It is balanced on specially-built columns of rubber and metal “tuned” to keep out all but the lowest building vibrations, Value: It will be a research laboratory to aid in noisereduction campaigns many cities are waging now. = = 2

ODDS AND ENDS: There are 1526 trains in this country and Canada that have mile-a-minute schedules or faster, 34 of which do better than 75 miles an hour, Railroad Magazine's survey shows. . . Curtiss-Wright is setting aside 20% of its sales income for transition): to peacetime, has $5500,000 saved} thus far, . . . British in the last month returned 17 more oil tankers borrowed from U. S. Indiana Pipe Line Co. declared a 20-cent dividend. . . . Washington is dis-

Roger Budrow

Top Advances to $10.25 as 1500 Porkers Arrive At Stockyards.

Hogs weighing more than 160

Indianapolis Stockyards today than prices paid yesterday, the Agriculture Marketing Service reported. Today's top was $10.25 for good to choice 190 to 200-pounders. Lighter weights were unchanged. Receipts included 400 salable cattle, 25 calves, 1500 hogs and 50 sheep.

HOGS Good and i 1-1 140 pounds ..... sakaiini®

180:

O5Cw

| 220 240 270 300 330 S50

diu 160- 220 pounds

Packing Sows

Good and Choice— pounds pounds pounds

on Nn ARTI!

5S Bw©©5955: 3 BygRe Sy

wo 0 — os

—-an Hoos

Prasanna

pounds pounds Sa pounds 250- "500 pounds Slaughter Pigs Medium to Good— 90- 120 pounds CATTLE

Slaughter Cattle & Vealers (Receipts, 100) Steers

Cesare

BD GO won

Crreantenene

» so SOO © BOD Oo 8 33% 233

2 8 A898 3A

ft pt OF WW rarer ION

oo on 8

Good — ooo. 900 pound 900-1100 pound 100-1300 pound 1300-1300 pound Medium — 750-1100 pounds .. Oe ie pounds 780-2100 | pounds . Steers, Heifers

3 383% 3ung

Son 90 999 £039

Pp ft Po ft “3 tow over geItIne a 53 3V3ZT FRNS

Choi

cussing buying Cuban sugar, at higher than present prices.

STEWART'S RADIO OPENS NEW STORE

Good Stewart’s Radio, Inc, today an-| Mediu

nounced the opening of a new furniture store at 711 E. 38th St.

The firm was founded in 1928 as an electrical appliance store at 654 Fairfield Ave. In 1930 another store was opened at 104 W. Maple Road. Enlarging to the household appliance field, Stewart's Radio moved to 136 N. Pennsylvania St. in 1935, which store is the parent store to four locations in all. They are, the Hoosier Maytag Co, 13th and Meridian Sts, Warehouse Sales Co. at 11 N. New Jersey St, and the new Maple Road Furniture Co, at 711 E. 38th St.

LOCAL ISSUES

Nominal quotations furnished by local Bhi of National Association of Securities

alers, Stocks Bid Ask

Agents Finance Co In “ah : hts, Fihante C0 ine bid... . 20

Bobbs-Merril Bobbs- Merril Ch pid.

Tit Van Camp Milk pfd Van Camp Milk com..... "eta

Newspap - Shoes “42-51. a ot Com NE Sh NH Ni 51.. Citizens Ta, Teo Consol Fin Crabb- on 88 80. Bs 43.. 97 Home T&T Wayne 6s 43..102 Assoc Tel Co 3'as 70 108

ner Packing Morris § & 10 a: uncle Water Works Ss 65.

Te CEx-div idend.

U. S. STATEMENT

WASHINGTON, Dec. 8 (U. P.) —Government expenses and Sr red for the current fiscal year through 4, compared with a year

ses. 3 nd. Rece

i HS

FOOD PRICES

(0, P).—A es- -

uce— NEW TORE." Dx | re Houn ch

00. 50 pounds 500- 750 pounds .............

[email protected] [email protected]

Choice— 750- 900 pounds . 12,[email protected] 750- 900 pounds .....e...... 11.25-12.00

MOOUEb0 pounds ...iiuuiese 9.251028

Common

§500- 900 pounds

Cutter | Cann

7.9% 33 5.7 RH

Vealers

Good and cholce ‘ve Solmen and medium

Feeder and Stocker Cattle (Receipts, 25) Steers

Chofce— 500. 806 p ‘ SE — pounds ...

2000 800 pounds .. noi a pounis .......

00-1000 pounds

[email protected]

. 10.00211.95 9.50@10 50

8.50@ 9.50 7.00@ 8.50

sesssanesene

Calves (steers) Good and choice— Medibe pounds down 500 pounds qewn ...... 000 Calves (heifers) Good and eho} ce— 500 pounds down Medium — 500 pounds down ‘ SHEEP AND LAMBS

(Receipts, 30)

[email protected] [email protected]

[email protected]

Good and Choice Medium and good mmon

Yearling Wethers and choice um

Ewes (shorn) Good and choice ....... medium

sows 10 t

‘Calves—Receipts n week: fed steers and yearlings’ 25 to 8 cents higher, cows, 25 to 40 gents higher, bulls strong to 25 cents Jgher and vealers 25 cents higher, with NT. steers and heifers reaching new for the ¢ : he heifers remained scarce 75 for prime 1b. yearlings, 1 umero loads AW Ly and light Steers $12.75@13 35. Thotoe heifers reached $13; cutter cows

steers; 1023

ceders active, firm to 25

eep—Receipts 2000: for the week: fat jambs and yearlings 25 to 50 cents higher, fat ah Tate tapply largely fed western la n choice natives, k good ol choice natives and ht Songs late, $10, ecks, $9.90; lightweight fat ewes, k medium to choice natives, $4.50@

OTHER LIVESTOLR

FT. WAYNE, Déc. § (U. P).—H dy to 10 cents higher; 180-200 15) 200-220 Ibs. $10: 160-180 Ibs. $10: 20-240 Ibs. 39-80. "280-260 ibs, $9.65 26080 Ibs. $9.60; 280 S00 ibs., $55 300-350 bs, $9.50; 350-400 Ibs. $9.45; 150-160 ibs., 535; 100-130 Ibs oy ns Be he 7.95; calves, $1380; da Thin 12.25.

FA BP) .~R ERD fo 160-206, Ibs. $5.50 30 ibs, $9.70610.10 oI

1bs., $0.25 down. ILL ie aR 51 25,

LOCAL PRODUCE

over BLE hens, 5 Ibs. and r ERS WS Ph an SY Se

sh Nea hg YES essa, ioe. ? |x pate gon A urge, tac; orate 1 [ed ok Se RPE ye FOREIGN EXCHANGE Dec. § (U0. P). ree

PRICES ON OBS RISE 15 CENTS|: =

pounds sold 15 cents higher at the An

7.25@ 9.2% & C

Com Ritalin

8. A 00@ 9.95 &

I Yeathertd, thie: | punckote |

Am B vest ni ‘pf i

Am Rad & Am Roll Mill . yee AmRoll M cv pf 57%

Am ti Am Smelt Am Snu Am Am Am Am T&T Am Am Tob Am Am Am Am

Am Woo Am im 2 m Ana pip . Anch Hock Gl. Armour M .... Arm Ill pr pf.. © Armstron Shas pod st. Artlool Asso Dry ‘Goods

Atl Refining ... Atlas Corp ... Atlas Tac! Aviation Corp .

3ald Loco ct .. 3alt & Ohio ... 3angor & Ar pf 27 3arber Asphalt 3arker Bros ...

Bucyrus-Erie . ut -E 7 pf. 1d, , 4

arlington M Jurroughs 3ush Tr B pf ctf 21% 3utier Bros .... 3% 3utte Con & Z Byers. Byron Jackson.

22 ls Ts

Callahan Zinc Calumet & H .. Campbell Wy .. Canada Dry ... Can Pacific _.. Capit Admn A . Callers & Gen

Caterpilar T Celanese Celanese pr pf 131% Celotex Celotex pf ... ‘e Cent Aguirre .. 18% Cent Viol Sug . 157s Cerro de Pasco. 28% Certain-teed Certn-td 6 pr i 8" Shes Corp 3%

~C . 9-16 8 1076 14% 4% 2% 27% Hy

Com Comw R 8 pf! Comwlth ®dison 22% cong -Rairh « 193% Cons Aircraft... 23% Cons Cigar . 137% Cons Coppermin 6 Cons Edi . 143% Cons Cons Cons Of Cens RR C Cons Coal Consumers

3% Crane Co cv pf. 963% Cream Wht .... 14% Crosley corp ... 1% Cork ... 20% Crown Cc cupfxw 39% Crown Zeller .. 12% Crown Zeller ht 88 Crucible St ... 36% ba RR

s |Curtiss-Wr A ..

Cutler-Ham .... 16

light yearlings and| De extreme | Dev

W340 ve. 30%

East Air Lines Bast Kodak .

11.795, mostly $11.95; | Edi

R— ~a

EEE

Fair The pf .. Fair Morse .. sug ot .,.

Fed St Mintkoe ev pf I ferro Enam .

55%, 00s

REF

- a

Firestone rst N Strs..

2 =

Sti Fols Stl cv ot Foster Wheel

a Nr

Gamewell " Am Rv.

FFEREFEE §F

wr 208% 88wato

penn ERT IRS ay

® a

Sh A

thy Joon

Low

—A—

3 th Ta

Sacm as Fae Fo

25 Seas

sor

85538.,285

et - —- - Fa FREES

FEEEEFEEEE

>» oo

Net Close Change

50% + % 8s +

w EE aa a

5% 5% HR a 1%

o SR FEFES

[4] +++: +; fees Hi:

LaSoen

—-

8 OF INS

5 FEEESE

HEH

- -

A Paramount ..

Ve Comwith Ed

oO ND rw JOD

« FAA AA

Vey _IONSROON be er i 89 1 JCD IED + ib sl pot OY OT

CoC ND ly - aaa

= oe RBS Fi ws

HSE

CHEE EE

=F RrerEreE ¥ 5 2%

LEEE fis

. ’

Today Yesterday

Today Yesterday Week Ago Month Ago Year Ago

Shean

Today Yesterday

Month Age ..... Year

Aviation Cor 151 United Corp 10% Willys Ov ptf 103 Gen Elec .... 8 Comwith & So 8% ki: Pure Oil .... Intl Paper... Cons Edis... United Gas I. Gen Motors. . U 8S Steel .... Cons Oil ....

66 62 62 59 58

51 51 48 48

Anaconda .... Pepsi-Cola ..

ago.

Sasi ansrnane

Lebbibasbiaaaisses 21500 Week ABO ..covvennnsnnnnnen 114.28 Month ARS .....ocovscsecess 118.28 Year Ago ...i...ceenanins 13129 Low, 113.59, Low, 111.84,

20 RAILROADS

Shae snarnanan

133. High, 1940, 152.80;

59;

> 18 5% 21% 7-32 15% 11% 181% 14% 5% 36% 52% 6s Wk 21H 25

Prt aRR atte CesesasasRRaaar ree

Messner

Wess etantannesnee

Week AZO .....ooevnssnsnsns

Setar ranten

4 9-32 5'% 20% 3-16 15 113% 18 14 5 385% 51% 6 Wi 203% 24%

" FINAL NE WwW YORK S1 OCKS

hh evouk AVERAGES % INDUSTRIALS

Pesan

116.60 10.70

—0.10

-0.01 +0.98

2%.18 21.20 26.98 28.27... 27.80

High, 1941, 30.88; Low, 26.54, High, 1940, 32.6%; Lew, 22.14,

15 UBLITIES

16.05 15.97 15.63 18.21 20.14

40.08 -0.13 40.01 —0.01 -001

High, 1941, 20.85; Low, 13.52, High, 1840, 26.45; Low, 18.03.

16 MOST ACTIVE STOCKS ao) Mish Low Close Chet

1% + B 9-32 5s Ea] 7-32 13 1% 161% 14% 5 36834 514 8 225% MWe 2%

CERRY

Stock sales approximated 520,000 shares compared with 450,000 a week Curb stock sales were 101,000|8' | . shares against 130,000 last Saturday.

d Un Syts. Granite C Stl .

Oh . Gu M&Oh pf ..

Hall Print

Howe win H

Hupp Motor .“

11 Central ... 1 Cent L L.. ndian of nd P & L

Interchem _.... nterlake Ir nt M Int Bus M nt

C Sou vf .... ayser Jul ....

Lig Carb .... otiheed Aire. . Loew

3 on . For ba

Dairy .... Distillers . Enamel Gypsum

FHF 4 || +E EE EE

FEEEREE $0

pt pt Be LOD et BD TFT BIBIND

High llette § $5 pf 53 mbel Bros » 6%

A 233%

Net Low Close Change | Serv

we 1034

Lol . Mas 1914 3%

10%

308 19 33 5-1

lo.

™

> ACHES +I LOS PE be WD ray 3

In3 Fw

T's

a ~~

Fara

TC DD BD i BD pe CD UD et CI et BD WRENN a

BI rb JT BIBIND

- »

po yer ed FBSA »

- ~~

% |

BILD LIED

PDD tf ft ft

- pel Cd OY

rq » FIFEREES FORE EEF FF

hr rt ©

ode Red FFEFE

53 \ or Yn

2 2

cHEIEIELD

- wu Sr SOE a OY

[++] +++ +H + TEE

CORI rat ToT BIEILI 5b ©o

pr Ol IY tt

E+:

“$34. —- Se PY - ~~

BIL) we OF NSO he 1 Bet - = Bg FERS

— - ow

BSC CHOP sl vl CO Ovi SB HC Cf wf I fa 6 CY ih (8 CB > Ee ada a

rr Els ed ld

£5

Sud

FERRE FHE++: +1: SE BEEF 5% F

238 HEFEFE FFF

: bt

or -

-¥ I “- » + -— : [3 »

sage +44:

seers

FEEE FFF

» . .

oaBos SFE FE

Soa HFEF

«0.48 Par

% Walworth

Net Agu Low Close Change Ya Ya 15 13% 26's 18

Pac G § Rts.

Paramt Pict ... Y

"Ve kh

. .

. -

CELE

J ~~

Oa a

Ft] +

pil Ze

“vo p-

ft -—

Met .... cu cv pf 8] «263% % v8 17% I&St .. 10% pf . 433%

Safeway Safeway 5 Jos Lea Fran. Schenley Dist Seab’'d Air L Seab'd Oil . 143 Sonny Th . 8

o 16%

53 pr pr CS oo INNA Ct ft ft DG pt DT et bt - -

C3 opt et BY es BS — Crt i UD IY i tC et CIT FD et pt IY et pt TIED Cd

DO IV Be wf rt Cd be CIN DD pt et CIV ft pt

FANT a Pr A A A a

FF ar rar Ne

or ae we OE Pr rr Go 2 2 lr Gb Ne

BB VCD bt WNIT BN PN

ln CODD et bet » » oo»

Sunshine Min , Superhtr Superior Sut

4% 151% . 14% . 173 - 23%

lym Gould xw oe

Talcott J

vee 40% Telautograph . Tenn T

FEF FFF & FF

— ws

Atroraft "hi Air Lines .. DB Bistuit Lesh Carbon

.“ Sov a.

20% 1

un 8 pi Uni v Deat ole 1

0 r Va Virg Ry bt ves 8

Walgreen r. H-G&W Bu

a screenings,

Oa A white, 47% @48%c: No.

A Willys Over

AT. & T. LEADS STOCKS HIGHER

Investment Demand; Others Follow.

NEW YORK, Dec. 6 (U, P)~— Strength in American Telephone & Telegraph capital stock today featured an irregularly higher, mod-

Telephone jumped 2% points to

Investment demand aided this

issue. aided a number of issues to rise a point or more. Some leading issues, General Electric, and R. J. Reynolds Tobacco B, were active.

where tax sales dominant influence. United Corp. led the market in volume, selling

,|at 9-32nds. Large volume came into|j, Commonwealth & Southern and]!

e Lehigh C&N

the stock equaled its low for the year at 3-16ths. Other utilities were easier.

BREAK IN SOYBEANS ; CUTS GRAIN PRICES:

CHICAGO, Dec. 6 (U. P).—

| Grain futures failed to attract any

sustained buying today after an early break in soybeans had car-

:|ried all futures fractionally lower.

Closing prices on the Board of Trade showed small losses for the day. Wheat fluctuated within a range of less than one cent to close & to 7% cent a bushel lower; corn finished off 3% to 3c; oats off 3% to 3c; rye off 1% to 5c, and soybeans off 23% to 3%ec. Favorable harvesting weather over the main soybean producing area inspired selling of bean futures that swept prices down more than 3 cents a bushel.

RANGE fT 1.21% 1.22%

pei Dee... 1.17% May.. 1.22% July... 1.227%

Corn— Dec.. May.. July.. Oats—

Dec . May.. July..

Rye— Dec... .65'% May... .T2 July... .13% Soybeans— Dec.. 1.65% May.. 1.70% July... 1.71%

Lard— Dec. 9.92 Jan. 10.12 Mar. 11.50 May. 11.75

MY. oan, seed aAsk; bBid.

1.225% 1.23 4% 80% 82%

15% 807%

82%

NEE 81

82%

.50 54 52%

1.64% 1.69%

1.70

9.95

y Jeat—No. 2 red, $1.20; No. 2 mixed,

Corn—0Old Crop No. 1 yellow, 76s; No. 2 Seliok 75¢; New OL a No. : mixed 73% 0. 2 yellow, T4'2@75% No. vellow, 791% @ To No. 4 yellow, Saniiic: NS 5 yellow, 65%:.@67%¢c; No. white,

Soybeans—Ne. 2 yellow, $1.60%@1.66%c No. 3 yellow, $1.60; Nn. 4 yellow, Oats—No. 1 white, 53%c: No. 2 white 53@83v4c: No. 3 White, 50% @5ic; No. 4 Shite, 48%¢c; No. red special heavy,

Barley—Maltings 13@92¢ n; feed and 45@5 oh Nou 3 malting, 89@ 920; No. 3 malting! ‘82a Cash Provisions—Lard 0.02n; loose, $10 30n: leaf, $10.37n; Pelion $11. Son. n—Nominal.

LOCAL GRAIN

CASH

—Weak: receipts, 1 red. a 11@1,12; No. 2 RK hard, $1. 08@ 1.09; No. 2 hard,

03 $1.07@ Corn—Weak: receipts, 47 carioads: No. 2 vellow, 87@68c; No. 3 yellow, 643;@ 66l%c; white corn, 8@8c over via mixed, 1@2'5¢ under. ts—Easy; receipts, ? Sa loads: No. 4681, @47Vac pte, a carloads: Sh.5 1.59; No.

3 carloads; No. red, [email protected];

Whea

Sovbeans— Weak: rec

No. 2 yellow Indiana,

a yellow Illinois. [email protected].

RECEIVE YULE GIFTS

"A gift certificate was presented to each of the 39 employees of the Betty Gay women’s ready-to-wear shop, 5 E. Washington 8t., by Manager Harold Mercer, following the annual Christmas dinner party at the Canary Cottage today.

High Low Close Change Net

2 57% 27%

13 5 27%

Y% 7s

3+ 3 + Willys Over pf . 5% + Woolworth ..... 27% RY oY in 17%

Yale & T ..... 17%

Yellow Tr ..

Young Sheet . Young Stl Dr .. Cie ie

Tih

8% 93

® PROGRESS LAUNDRY

MARKET 2481

a NOVEATY SHOES ] 4 00, $ t 41

KINNEY’S

TT ET Sn PHOTO-LITHO and PLANOGRAPH Prints

Indianapolis Blue Print & Lithograph Co.

OUTFITTERS to Men, Women and Ohildren

eater te Us

Let Us Wash

f Bw aes 5 FE BEE

Your Overalls, Too!

Overall Laund 2620 E. 12th CH-0

Issue Advances $2.25 onl

including B General Motors El

But largest volume continued in r penny stocks of the utility group|X continued the|Gt A & P

Cit

Elsewhere, selective buying| on

Aero Bup B ... Alum Ltd ..... 4 um Co

ireeze Cor Jrewster

Carl Synd ... erately active stock market session. Gent “8 & SW vu. Cit 146'; and held most of the rise.|SS} § Comw & So wtsl- 268 Tel & E

Mesa bli Iron

Mont Wa Nat Bellas Hess

Republic

High Low Close Change 6 i

Lt & Tr... Tia IT 3-18

Am yan B ..

¥% 5% 3- 3 3a 6 1h 1%

ies Se ies oy 8 ‘pt FP Sh I wts.

33 -

COTDtre 03 GD

Fa Wa Aeg eee

— - Nee aw

i —_G—

ne Star G ; BX ....

dSPETAYLE er. '3

anesi3 Bipot in

Sherwin w

Abbott Lab Acme 8tl Aetna Ball B.

High wens 64% ‘oa 18% . 1-32 5

i a

rest &

StS oro aR

IY ' rt 3 tn ek

FREE DARREN

i+ ial:

Ch icago Stocks

Net 5th Hr. ohiize 0% k

whe 43 4 + 4 ' 20a + 73 va 32% ,

High Low . 5034 50%%

45 45 11% 11% io 4

Comwlth Edison 22a Sonsum

8 G Lakes Dredge 12% Heileman Brew 9 Ind Pneu Tool 25'a Kellogg Sw Bd. Marshall Field Mid West Corp. Nabco Penn RR Quaker Oats ... Sivyers Steel . Sunstrd Mch T. 217 United Air Lines 13% Walgreen Co ... 19 Wayne Pump ..

7%, 14% 4% 10's

13% 1 13a 13%

WAGON WHEAT Up to the close of the Chicago market

today, Indianapolis flour mills and grain elevators paid $1.08 per bushel for No. 3 red wheat (other grades on their merits),

No. Push and No.

3 Yellow, shelled corn was 66c per 3 white shelled corn, 7de. 2 white oats, 44c, and No. 2 red oats,

138 BE. WASHINGTON ST. SAXOPHONE Per Instruction Lesson

INDIANA MUSIC €0. E. Ohio St LL 4088

MOST ALL RABRICS on CL 8 TO

WASHINGTON PARK

MAUSOLEUM

Washington Park Cemetery = For Information

Phone IR-8383

Personal Loans

May be arran through our nal EE res t

The Peoples State Bank

i } Ma k{ A !

vor. |

—

PUBLIC SERVICE COMPANY OF INDIANA, INC.

Public Invitation for Proposals

for the Purchase of $42,000,000

First Mortgage Bonds, Series D, 3%%, Due December 1, 197L

Angello SERVICE COMPANY OF INDI. INC. (hereinafter called the '‘Company") hereby invites proposals, subject the terms and’ gonditions hereof, for the purchase from it of $42, pringinal amount of its First Mortgage Bonds, Beries D, 3 due December 1, 1871 (hereimafter called the ‘Bonds"). Bonds are to be dated December 1, and are to be issued pursuant to PIcvisions i an IfAdenture of Mortgage Deed of Trust (herein called the “In-

is successor by consolidation) to First National Bank of Chicago, as Trustee, which Indenture has jiretofore been supplemented and amended by Fir Supplemental Indenture dated March 1, 1941 Second Supplemental IndenNovember 1, 1941, and pursuant to a proposed Third Supplemental ndenture to be dated December 1, 1041 further supplementing and amending the J . Brief summaries of some of he terms of the Bonds and of the Indenture and Supplemental Indentures are contained in the Registration Statement ana Prospectus referred to below 1. INFO N RESP PECTING THE COMPANY AND THE BONDS. Prospective bidders may examine, at He ville established by the Company for hat rpose, Room 758 Field Building, 138 South La Salle Street, Chicago, Illinois, at any time during business hours, the following: (a) copies of the Indenture and the First and Becond and the form of proposed Third Supplemental Indentures; (b) the Registration Statement (ineluding financial statements and exhin} its) and amendments thereto filed the Securities and Exchange Combe on Form A-2, with FeAReOt to the Bonds, in the forms in which they have become effective for the purpose of this invitation for proposals, and the related Prospectus: (¢) the form of proposal to be used by bidders in offering to purchase the Bonds (hereinafter called the ‘Form of Proposal’); the form of contract for the purchase of the Bonds (Rerernatier called the Purchase Contract”); Ig the form of questionnaire, to be sed by prospective bidders in furnishhe information the Company for such Registration

1035, and in furnishing to the Trustee under the ‘for use in completing the of Eligibility and Qualificaunder the Trust Indenture and, in the case of a group to designate the Representasuch group, referred to in

2 hereof; ) the findings and orders of the Securities and Exchange Commission under the Public Utility Holding Com1 of the Public Indiana with respect to the issuance of the Bonds; (zg) a memorandum prepared by Messrs. Sidley, McPherson, Austin & Burgess, as counsel for the prospective Purchasers, with respect to the necessity for the qualification of the Bonds for sale under the securities or ‘blue sky” laws of various states. Copies of said documents in reasonable auantities (except exhibits to the Registration Statement) will be supplied on reee so long as avallable, of prospective ders. The Company reserves the right to amend such Registration Statement and spectus and make such form of the Third Supplemental Indenture as may be approved by Messrs, Sidley, McPherson, Austin & Burgess as counsel for the prospective Purchasers. Company will m coples of any such amendment and descriptions of any such changes available for examination at the above address, and will furnish copies of any such amendment and descriptions of any such changes to any prospective bidder or to the Representative of any group of prospective bidders who shall have furnished questionnaires to the Company as provided in Section 2 hereof. 2 INFORMATION RESPECTING THE BIDDERS BE FURNISHED THE ogMrANY, In the case of a proposal by a group of bidders, the several bidders in group, shall act through a duly authorized Fepresentative or representatives (hereinafter called the ‘‘Representative’”), who may be included in such group, and who shall be designated as such in the quesPe rer filed by the members of such

group. No proposal wil 1, sonsidered unless the bidae er (or, a group of bidders, each bidder eh the Representative) shall have furnished to the Ri 788 Piel a Bufiding.

any prospecve bidder or group of prospective bidders may thereafter determine not to bid, or any of the several members of a group may withdraw therefrom, but no additional members may be included in any such group after the time (or the extend time) for filing questionnaires shall ed. 3.

ave expir iM OF PRO-

Bach proposal must be for the Durehass of all \he Bonds and may be made by single bidder or by a eroup gl bigdets. In case the proposal of a of bidders - accep t g obligations or each of the embers of the up all be several ne not ols \heluding the obligation to purchase espective principal amount of Bonds haicated opposite the name of such bidder in the brovosal No bidder may submit or participate in more than

one bid All p must be in writing on the appropriate Form of Proposal furnished by the Company and, in the case of group of bidders, signed by the Representative on behalf of

rd | and sale of the Bonds.

Confidential—Not to opened except accordance Sih Public Soro tation for

1, fo ane pure hase. $4. 000 “est - Fy cit sea sled nd yh pv a be a! enclosed in an envelo! othe S758 ld Buia ay ot

President of ? amie hs ana, 35 South

e bidders,

st | 5,

changes in the [88

The | TRACT

December 6, 1041.

Company reserves the right im time to poste

nois. The fe discretion from time to pone the time for presentation and opens ing of proposals for an aggregate period of not exceeding six days and will give telegraphic notice of any such postpones= ment to any prospective bidder, or the Representative of any group of prospective who shall have filed question= naires as provided in Section 2 hereof. Im the event that any such postponement shall be for a period of more than three days, the time for filing of questionnaires by prospective bidders under Stesion 2 hereof shall be postponed to A. M. Central Standard Time on the third day prior to the postponed date for presentae tion and opening of proposals. DEPOSIT OF CHECKS WITH PROPOSALS. Each proposal must be accompanied by a certified or bank cashier's check oF checks aggregating $2,100,000, represents ing the deposit of am amount equal to 5% of the principal amount of the Bonds by the bidder or by the group of bidders making such proposal, drawn on or by a member of the New York Clearing House Association or Chicago Clearing House Association and payable in New York or Clearing House funds to the order of the Company, to be held and disposed of by the Company as hereine ateer. provided, ING, ACCEPTANCE OR REJECe Sron OF PROPOSALS, All proposals will be opened by the Company at Room 758 Field Building, 135 South La Salle Street, Chicago, Illi= nols, at 12:00 noon Central Standard Time on December 16, 1941 (or on such jater day as may be fixed by the Come pany as provided in Section 4 hereof). Each Representative and each single bide der, may, and is invited to, be ners present. * Each proposal will be accepte or rejected by the Company in its entirety by announcement at sald address prior to 3 P. M, Central Standard Time on the day the proposals are opened, and each proposal not accepted by such time shall be deemed to have been rejected. The Company reserves the right to rejget all! proposals. If any proposal is accepted, the pros posal specifying the highest price. to Pike: Company for the Bonds, which is Sos mitted by any bidder or group of bidde: as to whose financial responsibility the| Company is satisfied, will be accepted, il two or more proposals made by bidders’ whose financial responsibiity is satizface Jory to the Company specify dhe identical! highest price to the Company, the Coms pany (unless it shail reject all proposals will give the makers of such identical proposals an opportunity within a period not to exceed two days to improve thor! proposals. If no improved proposal is made within the time fixed by the Come pany, or if upon such rebidding, two or more identical proposals are again Tres ceived, the Company may accept any such proposal in its discretion. If a proposal is rejected, the Company will return to the bidder or, insthe case of a proposal bY a group of bidders, to) their Representative, the amount of thel deposits made respectively by such bids ders, without interest, Any deposit made| by a bidder or group of bidders whose! proposal is accepted will be retained by! the Company as security for the pers formance of the obligations of such bidder or bidders under such proposal, ins cluding the obligation to execute andl carry out the Purchase Contract, as hore inafter provided, and will be held andi disposed of in accordance with the terms’ ereo The Opa Tesefves the right before accepting any to satisfy - to the tihancia pc IRR of an bidder making or participating in su proposal. 7. EXECUTION OF PURCHASE CONe AND COMPLETION OF REGISe TRATION STATEMENT, Forthwith upon the acceptance of a proposal, the successful bidder, or in the case of a proposal by a group of bidders, the Representative, on behalf of the suce cessful bidders, shall furnish to the Come pany in writing the information require to supply and complete Items 24, 25 and 26 of the Registration Statement and any further information regarding the bidders) and the public offering, if any, requir fo Tombiste the application in respect o Bomds file e Company undes the Publis Utility Holding Company Acs of 1935; and the successful bidder or the Representative on behalf of the succecs= ful group of bidders shall furnish to ther Company any additional information ree aired by the Company in order to pree pare and file a post-effective amends ment to the Registration Statement andl which may be required to amend be respondingly the Prospectus; and th hel successful bidder or the Representative the successful bidders on their behalf, the case may , and the Company will enter into a Purchase Contract dated a® of the date of the acceptance of the pro posal, and substantially in the form here imabove referred to, ith the blanks therein appropriately filled in accordance with the terms of the accepted g roposai if a successful bidder shall >

, | and, single bidder or shall not contemplate @&

public offering, with such appropriate changes therein as may be necessitated! thereby. Thereafter all rights and obli= gations of the Company and of the suce cessful bidder or bidders under the ase cepted proposal shall be merged into and superseded by their respective rights and obligations under, and shall be determined solely in accordance with the terms of, the Purchase Contract. 8. DELIVERY OF BONDS. Delivery of the Bonds in temporary or definitive form, at th Company, will be made to bidder or the Representative of the suce cessful bidders at the time indicated im the Purchase Contract, at the principal ofe fice of The First National Bank of Chie cago. However, no Bonds will be de= livered unless the Company shall have simultaneously received payment of the purchase price Sherelor as provided in the Purchase Contract ‘ INO COUNSEL FOR THE

PURC Rn Be, McPherson, Austin & Burgess of Chicago, Illinois, have been selected by the Company as counsel for the Purchasers to give to the successful bidder or bidders an opimion with res to the Bonds substantially as provides

e be issued and the Registration Statement and have reviewed or will review the cor=

amine the orders, findings and opinions of the Public Service Commission of Ine diana and the Securities and Exchange Commission with respect to the issuance Their compensas tion and disbursements are, under the terms of the Purchase Contract, to be paid by the successful bidder or bidders, poent as otherwise provided in the Pure. chase Contract. Such counsel will, request, advise any prospective bidder oe the Representative of any group of prose . pective bidders. who have furpisned q tionnaires as provided in Section of the amount of their i flsbursements to be paid by the ful bidder or bidders for the Bonds, PUBLIC SERVICE SMPANY or

INDIANA, x By Robert A. Gallagher, President.

PUBLIC — OF INDIANA,

NOTICE TO PROSPECTIVE RIDDERS.

Public Se! Re $45000.000 Ea 3 of phgiane

and representatives RR Arthur And

a of re

series hereby advises prospective bidders

e December 1, the Company,

1971, an Burge,

D, 3% %,

t. Chicado, 1! Central Standard Time, mee hem the \nformation

in the Registration Statement and Prospectus or

Jone, SERVICE OOMPANY OF

h of the Bond ferred Prese at such meeting, y Robert A. Gallagher, JA,