Indianapolis Times, Indianapolis, Marion County, 30 March 1942 — Page 14
PAGE 14
USINESS
Both Sugar and Blended Whiskies Being Converted to War Supplies
By ROGER BUDROW
MOST OF US WERE NOT EXPECTING a sugar shortage a couple of years ago when the government announced it would build a chain of smokeless powder plants, the biggest
at Charlestown, Ind. Few saw any connection
powder and even they weren't worried. Now we are going And the blended whiskey makers are
to ration sugar. beginning to fret, too. How do all these factors tie together? Well, alcohol is the common ingredient to begin with. Great quantities of industrial alcohol are used to make smokeless powder, Now, of course, we had industrial alcohol facilities. They (and here comes the sugar) take blackstrap molasses, a byproduct of sugar manufacture, and convert it into 190-proof alcohol. Roger Budrow pi the demand for ammunition alcohol was so great (went up 300 per cent) that there wasn't enough blackstrap molasses. So high-test molasses, which would ordinarily go into sugar, had to be taken. Even that wasn't enough. The war production board had to order whisky distilleries that could make 190-proof alcohol from grain (chiefly corn) to do so. That's where the big distilleries down at Lawrenceburg, Ind, came into the picture, But even that wasn't enough. The latest move, now before Congress, is to order distilleries that make lower-proof alcohol (120 to 140-proof) to turn over their output to the higher-proof distilleries who in turn will process the alcohol for the munitions plants. One prominent investors service (Fitch) is really worried about this move. It says that the companies making blended whiskies will be in a tough spot should they be ordered to turn their product over to munitions-making. But it readily admits that companies ordinarily have a five to sixyear supply of whisky on hand and so could sell out of their reserves for some time to come. perhaps the war will be over.
= = = THE HIGHLY PUBLICIZED R. A. F. raid on the Renault factories in Paris could well be duplicated on other French factories making war goods for Germany. according to reports. The Hispano Suiza factories (once turned out swank, high-priced automobiles) are now making airplane engines for Nazi warplanes. Both
J eatrice By that time, tity the dividends which were paid|Bell A
between sugar and smokeless
WATER CO. HAS LOWER PROFIT
Operating Expenses Rise More Than Revenues,
Morse Reports.
The Indianapolis Water Co. today reported that its profit from last year’s operations was $626,242, about $81,000 less than its profit in 1940. The company’s gross revenues rose approximately $186,000 from 1940 but operating expenses, including taxes, increased $260,000.
in dividends to common stockholders and $52,745 to preferred stockholders. A balance of $173,497 was transferred to surplus.
April 7 at 113 Monument Circle. Mr. Morse, in reviewing 1941 operations, said that in addition to a “greater than usual” extension of its mains and distribution facilities, the company completed the Fall
Fall creek and Keystone ave. and began the construction of the large dam on Fall creek near Oaklandon. The Fall Creek station, Mr. Morse said, was designed so its filtering
need arises. Mr. Morse, in a letter to stockholders, of the company’s operations last year were “satisfactory” and “jus-
upon its outstanding stock.” But, he warned, company of materials, taxes during 1942 will be substantially increased. Further, the present national emergency, with its attendant need for the protection of all vital utility services, has required the company to make unusual expenditures for the protection of its facilities. The aggregate effect of these matters upon the company’s operations of course cannot now
Citroen and Delahaye (big auto, works) are making tanks and trucks. | Other plants reportedly are making | artillery, Ba ships and E-boats.|
“NICKEL or may be a thing | of the past shortly. Soft drinks may cost 6 cents (they are 7 in
Canada) because profits are growing smaller, taxes loom larger and | production has been cut (less sugar), thus boosting the production cost per drink. 2 & @ ODDS AND ENDS: Army, navy and air corps are recruiting busi- | nessmen for desk jobs. . . . Outdoor advertising may run into snags soon—restriction of metals, conservation of electric power. . . . Latest “rubber” source is a weed growing in Minnesota and the Dakotas which university chemists have made into “rubber.” , . , And experiments are progressing in converting wheat and corn into synthetic rubber... . Be cause of the wool shortage, manufacturers are getting ready to turn out wide variety of cotton rugs. . . . England is using twice as many tractors as it did three years ago. Sulphur firms in Texas and Louisiana are hunting new sources because war needs are so heavy. . .. Washington and the light bulb industry are talking of cutting down on the wide variety of shapes and sizes of light bulbs (from 2500 now to about 1000).
NEW OIL FIELD IN INDIANA IS DRILLED
BERNE, Ind, March 30 (U. BP). |}
—Independent oil operators today were drilling their No. 1 wells on hundreds of acres leased in Blackford, Wells, Jay and Adams counties—the result of a predicted oil boon that will produce 4000 to 5000 barrels of oil per day. The rush is based on pure predictions thus far, but oil geologists have reported rock formations in the counties that conform with the gushing formations in Texas and Oklahoma. And oil men were predicting a boom that will rival the rush of 40 years ago. One well, being drilled in southern Adams county, now is 1100 feet deep and already a supply of oil has gushed forth.
LOCAL PRODUCE
4'> Ibs, Barred and colored. i5c: Leghorns,
pags breed Solored hens, full feathered
Springers, under Kh te Rock. 17c:
ry Barred and i8¢c. All No. 2 rrent receipts, @38c; No. 2 ne Wadley Co
Leghorn h a Tos. and over: White Rock 18c, colored, grades, 3 cents less. ibs. and up, — Grade 1a Be . 24c: 3%A A small, 22 arige fH ge 33c;: No. C; butterial 0 C. untry pickup "orleds quoted by the ) Simmons - Boardman
Publishing | lings.
Seeursiely be foretold.
(GORN FUTURES RISE
UNDER GOOD DEMAND)
CHICAGO, March 39 (U. P).—|Shie £ Grain futures followed an irregular|Sh
pattern in early dealings on the
{ board of trade today.
At the end of the first hour, wheat {was off & to up 4 cent a bushel; corn up !2 to 7%; oats up % to 4; rye unchanged to off 3%, and soy{beans up 3 to 1s. Corn futures advanced around a |cent a bushel on moderate buying.
market and expectations of a sharp
trial alcohol production were credited with bringing out iresh support in the corn pit.
FARMERS TO VOTE
for or against wheat marketing quotas. pected to vote. Last year Indiana farmers voted against marketing quotas by a bare 1000 votes. A two-thirds national vote is necessary for approval and|p
quotas effective in this state, despite the reverse Hoosier vote.
U. S. STATEMENT
WASHINGTON, March 30 s P.) Government expenses and receil the current fiscal year Mnrough . 27, compared with 3 year L280
Expenses rSpend
DAILY PRICE INDEX
NEW YORK, March 30 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Saturday 156.84 WeeR ABO ..civviveeiisaive. 15590 Month Ago ........cciv0iee 15863 Yeat Ago 1942 High (March 2B) vives 156.84 1942 Low (Jan. 2)
OTHER LIVESTOCK
WAYNE. March 30 (U. P.).—Hogs— Steady 220-240 Ibs, $13.55; $13.45; 180-200 lbs., $13.35; $13.25: 240-260 ibs. 3.45: $13.35; 280-300 13.20; 3 12.50 $12:
TrestessrentRte an
pun AW
stags, $11. S150. CINCINN March 30 (U. P.)—H 3000; tota TL Murch | 189 Ibe. up. s¢ 86, higher: 30D. $13. % cauals hig $s seapaid Slee 1 30-0. avers and. Ta oe
fi a ha we re
150-160 Je... #ood So
Calves,
$1 3 $11.7
Hes ged et for
steers; 2@12 50; steers and heifers,
3. 12.98 Ra
Co. 1941 net income $219,337 equal|tive, fir
to 78 cents a common share vs. $210,587 or 67 cents in 1940.
Texon Oil & Land Co. $575,960 an
to 61 cents a share vs. $425,-
575 or 45 celts in 1940,
»
During the year $400,000 was paid |a
H. S. Morse, vice president and A manager of the utility, said the an-[4D nual meeting of stockholders will be Amn
capacity may be increased if the A
said the financial results|Bald
THE INDIANAPOLIS TIMES They Build ‘Em Faster Upside Down
Building boats — down has aseied profiuction to one-a-week at Bay City, Mich, where this Navy :patrol boat is being fitted with a big “rocker” to roll it over when it nears completion.
NEW YORK STOCKS
Adam Alaska
Alpha
Am
Arm Arnold
Balt
BT Butler Byron
Can Pa
City Sto Cleve
Climax
Cote ate Gor &
Col 1 & S
Com
Davison
this was given, making marketing Beere
Ex-celi-o
Pirst Free
p Addresso raph.
Burroughs B
Cal Packing Calumet & H.. Campbell
Bast Air Lines. East R Mill...
U Refract
Net High low Last Change
—A— Ble 1014
s Bx
A Allied Stores .. Allis-Chal
P Cem..
m Airlines
creek station and filter plant at|in Trfac Am Am-Viscose Wat W Anaconda
1 Il pf pr 23%
Const ..
& " Bang & Ar pf. 242 Barnsdall .... 8%
“the cost to the|peis so labor and Blaw-Knox
I et! TO! 5% Jackson. 11
Wy [5
wy.. cific
hi Pn Chi RI&P Chrysler
torss
El lim p
Moly Co 1% re : Pn
Cluett Peab Soca Cola
Cola A! F.r
Aik
Sal Fuel Iron.. & 2,
0 2 pf.
Co! Col Broadcast B
further strength in the live hog Eu nO pt. Credit Com Inv ro increase in the use of corn in indus-|Com Solvénts Comwith & So. Comw Edison. Cong-Nairn Cons Aircraft .
Container Cont Can
MAY 2 ON WHEAT &
Indiana farmers will vote May 2 4
More than 40,000 are ex-;Cuba RR p
Cutler-Ham
Chem. &
u u Pont pf..
19 3
Fair Morse ajardo S "irestone
Al 90 rs
Florence Stove. t-Su es Pruehauf-Tr
A Bs 9-3 . 185% . TY s SE t 4315 Pl lise
8la 10's 134 4
6a 10%,
+
Le i
HEHE LE
-e y N Nw
rHHEELIES
ls 1
v
Ew ah
: dp Lao
. Month ago ..
8 Int Nic : 3% Int Nicks! pf. i . IY 4
Saturday Week Month ago Year ago High, 1942,
Year ago
Saturday
Month ago Year ago
High, 1541, 20.
By UNITED PRESS
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS
BEG ..o.ceiviirrniiinns
High, 1941, 133.59; 20 RAILROADS
sesssectserrrcne
Week ag0 ....ciccnceveennee
65;
100.00 101.20
crest anace
122.72
114.22; low,
low, 106.34.
28.04 27.08 28.67
High, 1942, 29.01; low, 21.95. High, 1941, 30.88; low, 24.25. 13 UTILITIES
Sestecrscccscatesens
11.52 11.95 13.45 19.68
stennren
High, 1942, 14. ot; Tow, 11.49.
low, 13.51.
Unch. +0.38 -1.04 +0.37
Int M Marine Int Min kel in: 2
& mt T&T For A Island Cr Coal. 28%
Johns-Man
Joes & f x Jnes & us 8
Beicey lay es A
Lerner Strs ... L-O-F Glass ... Lib MEN
Loew Tong Beil A Loose-W Bis .. Lorillard Lou G&EA
Maracaibo Marine Mid Martin (Glenn) Mara Parry .
Ss. Melnty re Porc. & Rob...
0 to pf A. t ward. ... 0
Gc.
Nash-Kelv .,.. Nat Acme ... Auto Fibres Biscuit ... Can Corp. Cash Reg.. SAY i Gypsu Gypsum pf
M & Stl C
No Pacific
® Ohio Oil
oF:
Pac G & E Pacific Ltg Packard Pan Par Pic i pf. Parke Davis ... Penn
ney Penn Gl ents Peunn R'\R ..
Foal” Tel pf.. Procter
Radi Republic Stl Reyn Mt cucvpf Reyn Tob B
Safeway 5 pf.. Savage Arms ..
She! i Silver King Simmons ...... Skelly Oil
Swim Su wid Syming-Gould.
Texa Ro of
vA oil A
new Xx
20th Cent-Fox.
io Twin Coach
ion Carb
High Low
EH, 691,
Ch pf sis
691s
is
11% 32
3 2234
11% 32 173% 247% ls 13%
1%
35%, 2812
«1 11214 25% 105
ee LU . 28
59 5814
9834 551
——
5
L183
31 14 3
Va
$i: 13
a 1
2
‘ 13% 43 6212 ea 133s at Lead pf B 12015
35%
h... 213% i 3. p 46% 5
. 8% .. 423 «11%
4
4
5% Oa
108
Outlet ‘uyiss +r 18 Owens Ill GI .. a
22! 4 Eb
167%
2]
27
rl Tn
JL.
.. 60 59 El Mo 4% .101 101 Oil Cal... 11 1 eile ... 12
Net Last Change
+ % 24%
Flt
+++
I+ +14: +b
+EELIR +: :
thlb+l:
+00 HEE Ee
—-
Sex we wes des FE a
-
£5 Brose
sds #8
Low 39%
Last 3934 % 3
Net High Change U 8 Tob pf.... 393, idan Un Stores A . 12 1-16 Un Stores A... + 1s]
Vadsco Sales 7-16 Vadsco ‘eu Victor Chem . Va El & P 8 Vultee Aircraft.
Wabash pf wi.. Walworth
lworth “ia Wright Toro . » Yellow Tr ..... 12 Young Sheet 337% Young Sheet pf 817s Young Stl Dr..
i
Zenith Rad . 12%;
GHEMIGAL SHARES ARE LOWER AT N. Y.
NEW YORK, March 30 (U, P.).— Some high-priced chemical shares and a few preferred stocks registered
117%
«losses of 1 to 3 points on a quiet
stock market today while the main list held steady to firm. Allied Chemical sold down to 122, off 3; du Pont 107%, off 1; General Steel Castings preferred 721, 2%, and General Mills preferred 123'2, off 2%. The last made a new low for the year. A few issues registered wide gains ranging to 3 points in Hamilton Watch preferred. Aircraft shares were steady to firm with Douglas holding nearly all of a point gain. Steels were fractionally higher and many railroad shares had minor advances. General Motors gained 5 and Chrysler !s point. Oils were steady to firm. Sears and Montgomery Ward gained '2 point each. Union Carbide, an exception to the drop in chemicals, was up 13 at 597%.
LOCAL ISSUES
Nominal quotations furnishe ini of of National Association of Seeuritios
Stocks Bia Ask Aftais Fiasncs C8 fn oom EAL Bobbs-Merril ill ¢ m pre Bobbs- Merrit $0 Circle eater com Comwlth Loan 2
nd Gen Serv 89 nfd Indpls P&L Si % pid .
De =
©0000 TW rR Wd
- >
Bro i rob i | A gress Laun Pub S com
— » - o~
=
American Loan 6s 45 dae Ch ot Gor Bras eegui2-8l Rg Co 28 “ee ikizene jo ee 4Yss 61 es Crabb. Reyholds- Naylor 5s 42 Home T&T Ft Way e 5les 3 1 Home T & T I Ft ne os 43. [nd Assoc Tel Co Fie ndpls P&L 3Y4%s ndpls Railway Co Bs 67 ndpls Water Co 3'%s Rokome 3 Water Wor Kuhner Packing 2 4 Morris § & 10 Muncie Water N Ind Pub Serv 33
Ww
253325545555 0=3 000s
on gr aw
8 “ve Richmond Water Works 5s 57 1 free Mata, orp . Jt *Ex-divi den d oD be
OUD
Insergorations
riffin ~ indiana Co., Inc, 318 Empis Life. pide iialanapolis; agent, Frank C. Griffin t st., ER 1000 pA rout ar value; a C. Griffin, Olga K. Griffin, Harrison Walters. Reimann-McCammon Co., Letts, oH
dissolution Madison Title & Mortgage Co., Inc. 314 S. Jefferson st., Madison; agent, Paul F. Dowell, same address; 150 shares no par value; ge estate business: Paul F. Dowell, Anna Dowell, Ellen H. Ba ley, Un nited Music, Ines . Main st, Gilstrap, same adue; to preEdgar D. Ethel B.
Salem: agent, BYigar dress; 10 shares of $100 par va vide service for song writers. Siistrap. Chester PF. Tackett,
“DIXIE”
profits r any good gla sses. These ality. SSolgcomplete with TORIC. lenses for FAR all Sompiste; at our new lew price.
off | Geo
HIGH PRICES ARE UNNECESSARY
We fi No lotiee all grasses Je, Se yh N you several n
d-Ailiea” >
PORKER PRIGES ARE UNCHANGED
Top Remains at $13.70 as 10,686 Hogs Arrive At Stockyards.
Hog prices were unchanged from Saturday at the Indianapolis stockyards today, the argiculture marketing administration reported. The top remained at $13.70 for good to choice 220 to 230-pounders. Receipts included 2000 cattle, 700 calves, 10,000 hogs and 500 sheep.
HOGS (10,686)
Choice— 0 pound pound pound pound pound pound pound pound pound pound
5352738283 SHCHSOSD
18 [email protected] . [email protected]
360 Medium— 160- 200 pounds . Packing Sows Good and holes: 270- 300 pounds 330- 360 pounds 360- 400 pounds Good— 360- 400 pounds . 400- 450 pounds a5; Tu pounds Medi 250- 500 pounds Slaughter Medium and Good— 0- 120 pounds
CATTLE (1832)
Slaughter Cattle & Calves Steers
. [email protected] . [email protected] + 13 [email protected]
[email protected] 13.00@ 13.25 [email protected] [email protected] Pigs
Choice— 750- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds Good — 750- 900 pound 900-1100 pound 1100-1300 pound 1300-1500 pound Medium. 750- 1100 0 pounds L190 500 pounds
CRT 1 pounds ... Steers. Heifers & Mixed
R50 pounds ......e..00 oo [email protected] cesses [email protected] Heifers Cains cesses [email protected] [email protected] [email protected] 8.25@ 9.75
10.50@ 12.50 [email protected]
Sesscesasiense
Good— 500- 750 pounds
0 900 pounds Go
od— 750- 53 pounds Mediu SO 900 pounds Com 500- 900 pounds
Cows (all Weizhts)
cesses
.28 5 15 25 .50 15 Can 25 90 Bulls (all weights) (Yearlings excluded)
[email protected] 9. 30810. n
8.75 8.00 KH:
Beef— Good .. Sausage— Good
Cutter and common ......:. CALVES (740)
Vealers (all weights)
Good and choice $14.50@15. % Common and medium . 9.00 14.00 xn
Feeder & Stocker Cattle & Calves
Steers Choice— 500- 800
pou . [email protected] 800-1050 pounds
ceases [email protected] cesses [email protected]
[email protected] 8.75@ 9.75
od-— 500- 800 pounds ... 800- 1050 pounds .
Mediu So 1000 ) pounds ‘ om 500- °g00 pounds Calves (Steers) Good and Choice— 500 pounds down
ses asesenta
. [email protected] edium— 500 pounds down g [email protected] valves (heifers)
Good and Choice— 500 pounde down Mediu 500 Pounds down
SHEEP AND LAMBS (544) Lambs
Good and choice Medium and good Ewes (shorn)
Good and choice . Common and medium .
CHICAGO LIVESTOCK
Hogs—10,000; market fairl
1% to 25 cents 360-1b. weights, or 1581380 90; $13.25@ 13.75;
$15.95. 160-180 1bs.. 400-550-1b. sows, [email protected]. Shee 1,000; not enough early action on fed wooled lambs to establish’ a market: mor‘ offerings held at firm prices or up t $12.75 and better; some buyers talking zu cents or more lower. Cattle—13,000; calves, 1000; fed and vearlings weak to 25 cents lower; weighty steers off most; supply choice offerings small and $hi per hand narrow; largely $11.25@ 5 steer and yearHe trade; best gi $15.65 paid for 350-1b. averages; hei ers Eh [email protected]; best early, $13.25; cows an bulls stron eo 15 cents higher: cutter cons to $8.50: avy sausage bulls to $10.2 vealers Steady at $15.50 down; stock Cattle scarce, firm at [email protected].
BUSINESS AT A GLANCE
BY UNITED PRESS
Burns Brothers (New York) and subsidiaries 1941 net profit $42,531 vs. net loss $286,759 in 1940.
Community Public Service Co. and subsidiaries 1941 net profit $553,484 equal ta $241 a share vs. $642,987 or $2.81 in 1940. Gisholt Machine Co. 1941 net profit $1,986,994 equal to $744 a share vs. $968,303 cr $3.63 in 1941. Gladden, McBean & Co. 1941 consolidated net income $603,984 equal to $2.88 a share vs. $189,864 or 85 cents in 1940. Midland Oil Corp. 1941 net income $23,585 vs. $19,292 in 1940. New York Water Service Corp. and subsidiaries 1941 net income $359,335 equal to $7.72 a share vs.
Jy & gcijve and choice top gOO
steers
$354,314 or $7.61 in 1940.
Rolland Paper Co. 1941 net income $175,541 equal to $1.43 a common share vs. $161,724 or $1.20 in 1940. Tintic Standard Mining Co. and wholly owned subsidiaries 1941 net income $166,213 or 15 cents a share vs. $194,451 or 17 cents in 1940. United Biscuit Co. of America and subsidiaries 1941 net profit $1,006,089 equal to $1.88 a common share vs. $931,677 or $1.85 in 1940.
Prices for Simiess glass Lig
PRICES
DIRECT.TO-YOU
Deal with out local branch and save many dollars. All lenses
CREDIT If Desired No Extra Charge
MIDDLEMAN'S PROFIT
SAVE
dleman’s profit.
ground on prescription. I5-DAY TRIAL . . ..
6%
Money Back Guarantee 124 W. Washington St. © Open , Thugs. & Sat.
0 272-42-100— Furnishing
steady, Most :
If you can manufacture any of these materials, contact the war | production board, 10th floor, Circle Tower building, Indianapolis. Asterisk indicates plans and specifications are on file there,
BIDS WANTED
\ ARMY QUARTERMASTER Invitation Date Bid Number Closes April
199-42-NEG-225-—Liners, Helmet, M-1.. 8 950-33 NE 15g — Laundry Equipment: Marking Machine, wood washer, Extractor 17°, Dry Tumbler, starch cooker, etc 950-42-NEG-158 — Kitchen Equipment: Pan Rack & Cooks Table, Tray Rack, Tray Stand, Bakers Table, Butchers Table, Work ble, ucks for soiled dishes 1989- 2 NES 217—Bacon, Canned,
salt red. . 431- 42- NEG. 156 Parts for Range, Army No. 5 and Stovepipe, Mantel Back, Ash Pan Body, Angle oven brace, left-hand and right-hand bracket, bridging, ne or door catch, and pin 669- 5a ven 283 Hats, e 155-42-NEG-40—Skis, Laminated, Type L Snowshoes, (Alaska Tye) Bindings, Ski and Snowshoe sists 199-42-NEG-226—Beef Boneless, frozen 850-52-NEG-159 — Kitchen Equipment: Bain Marie, gas, electric and steam, sinks, steam table, Pans 950-42-NEG-163 — Kitchen Equipment: Broiler and Toaster and Griddle; Cereal Cooker, Deep Fat Fryer. Shade Vertical Mixer, Potato PeelVegetable Steamer, Toaster . . 1913- Sea. NEG-162—Soa Laundry, Grit, Chips, Toilet; Soda: Caustic (Lye): Triododium Phosphate (Tech.) Candles: Polish: Metal, Stove, Furniture PC-ND (732-721) —Semi Trailers, Van Shoe Repair; Installation of Shoe Repair Equipment; Semi-Trailers, yan Clothing Repair; Installation of Clothing Repair Equipment, etc. 155-42- Ny u~Eoots Parachute Jumper, sizes to 12 950-42-NEG- 160 2 Kitchen Fish Boxes, Ice Chests, Ice Crean Cabinets, Refrigérators.......
ARMY MISCELLANEOUS
Veterans Adm. (Indpls.) 42-177—Fresh Fruits and Vegetables: Apples, Bananas, Grapefruit, Strawberries, Cabbage, Carrots, Celery, Greens, Onions, Parsley, Peppers, Potatoes, Radishes, Tomatoes, Turnips, Lettuc
Item
dry
Equipment:
42-178-—Asparagus, Corn and Peas: Frosted for delivery April 4 to 7..
(Army Miscellaneous)
all labor and materials and performing all work for the construction of temporary buildings, together with appurtenant facilities at Camp Perry, Ohio; Recreation Building, Officer's Quarters and Mess, E. Barracks, Motor Repair Shop, Motor Storage Sher, ays, Gas Station, com=plete with pump and tank, Grease and Inspection rack, 1-car, wood, Nod Rack, 2-car, zampiee wih
6079 Fabricated Structural Steet... 6080—Latches, Locks, Pulls, Chainconnecting Links, Poalays. cotter pins, escutcheon pine, taper pins, machine screw nuts, pots, oilers, lanterns, liquid measures, dust pans, plumbers’ ladles, Glaziers’ points, megaphones, asbestos mittens and chalk line .. M-395—Potato Digger: for use with an Oliver Row Crop Tractor, TOKD... 6082—Pipe, Fittings, Special Castings, Hangers, Goosenecks, Valves, gaskets, bolts and nuts for additional filters Mr. Hope Filtration Plant. 435—Glasses, cover glasses, Type I, for blood counting chambers, Glass A, lish) 9.4 mm. thickness, 20 mm. by 26 mm. in size
NAVY DEPARTMENT
680—Sets, Motor Generator—Bid canceled. 551—Pumps, Portable, Submersible, and pare oe Specifications Revised, Opes Date 21 663— re, Bathing, ‘Woolen, bid date postponed to 686—Jerseys, bid date postponed to. 687—Caps, Watch, bid date postponed
to 690—Socks, Wool- Dotion Mixture, ase postponed t S, ool- Cotton Mixture, bid postponed io “iu 700 Bian ets, Wool, White, ‘bid date
postponed to 112 Steel” alloy, bar, bolt-stock, round 1186—Oxygen Dryer 1-2315*—Cast sine, Screen, Qil P 1-2317*—Pans, oil, chined, alumimune castin, 1-1497*—Brass, rod; Copper, seamless; Brass pipe; Valves, ipples, Nuts Elbows, Ells, Tees; Pipes: Exh haust and flexible 1-2465—Ties, Railroad, treated, treated
Ties, switch, 1 ot am ° . yp
end,
765 —Plse.mndidators, 769—Ambulances, heel Drive 5081—Pipe Cover thickness, cre Ya” and 3%” 5043—Bolts: Carriage, Machine, Steel, Stud, Lag- peel, oy ashers: Iron or S teel, Lock 5082_Cloth. Wire
dt 5118—Steel, alloy, hot ro treated, sizes 5/16” round to 11/16
nch 5125 Bie: “Steel, seamless or welded, Siandard weight, black and galvan- , 2 inch and 2% inch . 1 5132. Steel’ , round stock, ‘0ilhardening, non-deforming tool steel to indicate min. hardness of 62 on C scale Rog well Shen quenched in oil, size 53’ t diam. size .... 4926—Shackles, a. screw; hot galvanized; Thimbles, 3050 = fest: Corrosion resistin bon, high speed, cold rolled .... 5093 —Pipe! Steel, seamless or welded, black and galvanized, 3%’ to 8" size 5094—Steel: Class and ‘B, medium black, galvanized, spring; wrought iron; terneplate, etc. 5134—Bolts: Carriage (common steel),
Four Magnesia,
Hed.”
7 am 5144—Cloth: " Wire,
en hil Heat, Treated, A\rpory and
Nn ‘ S040 Wire, othore ‘use, "lMightnin and wer, 0-600 volts, rubber Soated, Sin le’ conductor .. 5110—Parts for Arma ‘Gyro Compass equipment and Sper Gyro Com= pass Squipment; rushes, condense 1 oil, bearings, levels, 5120 Hose: sas Oxygen (Greencover), 5135—Steel: Medium, ‘black, bar, grade- 3 hexagon. Seng new 16°-20"; size 214 h 5044—Zinc, wire, inetallizing for mb diam. ¥% inch For storage ‘battery , 5-pound cans 16 SH1g_ Tubing, steel, . (nickel), seamless, ouiside diam, x 1%" inside
commercial bronze . 16
18 Quality,
(brass) type B
VAN SWERINGEN LOSS DESCRIBED
C. & 0. President Reveals $41,000,000 Gone in
Liquidation.
CLEVELAND, March 30 (U.P.).— The Van Sweringen family hopes for a $2,000,000,000 railroad empire collapsed last year when Chesapeake & Ohio Railway Co. liquidated at
lla loss of $40,953995 securities of
what were to have been principal components of the envisioned system, the condensed annual report of the C. & O. revealed today. George D. Brooke, president of the C. & O., reported that in 1941 it sold 769,800 common shares, 151,405 first preferred shares, 60,195 second preferred shares and $300,000 of refunding and improvement mortgage bonds of Erie railroad (before reorganization): 64,300 common share sof Chicago, Great Western Railway; and 68,884 common shares, 12,437 class “A” shares and $497500 income bonds of Chicago & Eastern Illinois rail= road. These sales left the carrier with securities of New York, Chicago & St. Louis railroad, Pere Marquette railway and Wheeling & Lake Erie railway, other roads which were to have been in the system, and small amounts of Erie and Chicago & Eastern Illinois securities, which would be insufficient to provdie control of the contemplated empire, first proposed by the late O. P. and M. J. Van Sweringen. The railroad last year applied for authority to amortize $10,646,624 cost
2 of new equipment and $572,958 road-
way property and so far has received authorization of $4,281,210 of the amount. Mr, Brooke said that funded debt was reduced by $4,300,000 last year and that total long-term debt at the close of the year amounted to $220,345,000, of which $217,664,000 was publicly held. In the past five years the road has reduced its publicly held indebtedness by $21,671,000. As previously reported, net income last year amounted to $44,939,744 or $5.79 a common share against $33,= 591,166 or $4.37 in 1940.
WAGON WHEAT
Up to the close of the Chicago Market today, Indianapolis flour mills and Sag elevators paid $1.15 per bushel for red wheat (other grades on their merits). No. 3 yellow sile led corn was "6c per bushel and No. 3 white shelled corn, 86¢c; No. 3 white oats, 51c; and No. 3 red oats, 1c
H. C. Bohack Co. fiscal year ended
Jan. 31 1941 net profit $373,352 vs. net loss $71,150 in 53 weeks ended
black; machine, brass; machine, steel,” black. size ls, 5/16 and 12
Jan. 31, 1941.
FUR COATS Largest Selection in the State
INDIANA FUR CO.
29-31 East OHIO St.
SPRING HATS
New shapes, and new s ades!
$325 to $5.00 ®
Homg Lvirrongd
YOUR NAT TER
Better Fur Coats For Less Money
MARILYN FURS
2440 N. Meridian
Make Woodworking Your Hobby. Use
DELTA MOTOR DRIVEN TOOLS
Exclusively at
VONNEGUT'’S 120 E. Washington St.
TIRE LIFE EXTENSION GOODYEAR
Service Store Delaware at Walnut RI-1436
10 ¥ PERFECT TO INDIAN
GENERAL DYEING CO. 813 DORMAN ST. CH-6776
The Home of TAILOR-SHOP CLOTHES Ready-for-Wearing Clothes With A Tailored Look and Fit
LEON TAILORING CO. 235 Mass Ave, I» the Middle ot
the First Block
OUTFITTERS to Men, Women and Children
[vingstors
THE MODERN CREDIT 8
129 W. Wash, [odie Phoater
Is Opposite Us
KNOERLE TIRE CO., Inc. 2421 N. Meridian St. Bg: i
SEIN
J TIRES
WE Buy Diamonds
HIGHEST CASH PRI PAID ER
STANLEY Jewelry Co.
113 W. Wash. Lincoln Hotel Bldg.
USE YOUR CREDIT at WOSIRINS
CLOTHING «( OMPANY
131 W. Washington St. Directly Oovosite Indians Theater
WHILE THE REST OF THE TOWN SLEEPS
HAAG'S ALL-NIGHT DRUG STORE 22d and Meridian
IS OPEN SAXOPHONE if... Instruction Lew
INDIANA MUSIC CO. 115 E. Ohio St. — LI-4088
LOANS THE INDIANA TRUST CO.