Indianapolis Times, Indianapolis, Marion County, 3 July 1942 — Page 9
_ “which was invented by James 8S.
By ROGER BUDROW
Transportation . System [a Faces a Busy Week- end
¥
NE w YORK S TOCKS
High Low —rt— ddres Exp ne Addresso| = . r Reduc ®
a Alpha P Cem bal Leath pf. 5 w
THIS WEEK-END WILL CONVINCE many persons|a A cb
that our transportation system is being overtaxed. Many, hoping to get in at least one, good traveling spree before : the government orders gasoline rationing, will take to their
automobiles.
Thousands of others will erowd trains and busses to the limit, Regular vacationists and jaunts to summer camps
will swell the holiday traffic. The action of the Indiana public service commission in preparing to end duplicating bus and railroad services will create many difficulties as each company tries to keep its most profitable lines, but generally it will be welcomed. Railroads in the past few years have done their best to abandon service on lines that were unprofitable, The small towns along these Roger Budrow lines put up a storm of protest. Now, under the pressure of the war emergency, the railroads will have a bigger argument in their favor. This helps railroad revenues and consequently profits. In the past few days railroad stocks have been the leaders on the securities markets, and one, Santa Fe, even raised its dividend, although many companies are now cutting dividends. One factor that may put uncertainty in the public service commission’s decisions to abandon this or ~ that line will be gasoline rationing prospects for this area. If rationing is ordered for Indiana and other midwestern states, then more lines « will have to be kept in service than |, otherwise.
s 8 = INDIANAPOLIS EXPORTS rose|, sharply during May. The total of |? 12,789,326 pounds was three million pounds more than April, 5% million pounds more than May last year. Local U. S. commerce department office estimates Indianapolis firms
have exported nearly $16,000,000 2
worth of merchandise in the first five months this year. ” ” ” y SINCE TRAINING began back in July 1940, Indiana defense vocational training schools have * turned out 97,000 workers useful to war plants. Of this number
z 176- 8s 1b. net si 46,000 had had no training previ- [gs Bench vises, sledge ha
ously for war work, > There are some areas in the state where there are more of these frainees than there are jobs. They may be shifted to other areas where shortages exist. 2 8 8
ODDS AND ENDS: Highest salaried executive last year was President W. S. Gifford of American Telephone & Telegraph who was paid $210,350, SEC reports. . . . $30 advance Guantanamo Sugar’s ‘preferred stock this year is at-
ftributed to gossip that improved|Electric Bond & Share Co. failed by $573,395 to earn its preferred dividend requirements in the first quarter of 1942, a report by the util-|Dev & R A ity system disclosed today.
cane business will enable it to pay * back banks, then get at that $108 ' a share arrearage in dividends. . . . "The Vanderbilt family’s income would get a good boost if New York Central Railroad pays a dividend this year. It hasn't paid one since 1931. . . . Narragansett is the only horse-racing track whose stock is listed on a securities exchange. . , . New uses for cotton include special synthetic gasoline hose, in chutes to to convey ejected machine gun shells to the rear of fighting planes and in air hose for heating bomber -cabins and collapsible rubber boats.
TWO QUESTIONED IN BOND INVESTIGATION
NEW YORK, July’3 (U. P.).— The attorney general's office plans to question several investors in the Wisconsin Central Railroad, Superior & Duluth division gnd termi-
nal 4 per cent bonds which last Tuesday broke 13% points on the +New York Stock Exchange, it was learned today. Yesterday Arnold Hanson, partner, and John W. Hession, specialist, in the firm of Hanson & Hanson were questioned by members of the attorney general’s staff and a special hearing has been set for July 8. The attorney general seeks to learn the sources for information on which Hanson & Hanson allegedly urged investors, in a circular, to buy those particular bonds on rumors that the Canadian Pacific planned to buy up the defaulted obligations in question. The Canadian Pacific denied such intentions Tuesday and the ‘issue cracked 13% points. Yesterday the issue rose 3 points to 19 and closed at 18.
STANLEY PLAN FOR TOOLS DESCRIBED
The Stanley plan for registering machine tools will be explained to Indiana chamber of commerce secretaries and WPB branch managers at the War Memorial auditorium Tuesday. Ralph Pritchard of Peoria, Ii, who has specialized in this system
Stanley, formerly of Indianapolis and now at Richmond, Va., will de-
J (preserves) ; fruit 2181.81--Brushes
2188-8 -S1-Shitting:
10 bolts 2109- Yi Teonsesacioths wiping; ea
2188 i LR
( 6404—Diesel Fuel 6405—S
2 640T— Relief v valves, water gauges gauge
ter amounted to $1,390,438, while preferred dividend requirements aggregated $1,963,833. year earlier was $2,710,013.
were equivalent to 88 cents a share on the $5 preferred stock and $1 V6 | gn a share on the $6 preferred, compared with 11 cents a common share a year earlier.
was attributed to decreased income
from dividends of subsidiaries. The total received was $535,782 against
until July 1 total 33,952,166 gross
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 MISCELLANEOUS Invitation Date Bid Number Item Closes
July 2194-87-17.C-Caps, attachment plug ug with following specifications: wire c Tout non-polarized, parallel lawn; hand; anbreak-
bl 3-32" size cord 2196- ] ab 21975¢ garden, width of blade Ya Ys pr7T 1020 Type 2171-S3—Plaster, adhesive; a oxide; on spoois; 2 inches by 10 yards. . 2172-S6—Cans, corrugated; ash and garbage, with cover 2173- RSL ESquil gees; yindow-cleaning:. pe II, ferrule and fra paper fastener, 2% between prongs, 1
round;
2177-81 — Brushes: artists’, or t Lommel] camel's a
water colors; hair (squirrel 2178-01Wr ngers, mop; squeeze type; .
+ type II (Pimento Manzanillas); first in
varnish; fat, chinese brist tle; size No. 2, 32-inch ;, brushes,
at; size No. Width ‘28 blue
hickory; nches; with siripe: grade A; minimum weight be 6 ounces ver square i . 183-S3—Soap, chip, laundry, ght
Jean; Bleached oo ; approx. 50 Jds. to th yieok to bale, case, carton
n yd. im, blue; (white back); first grade (9.10 oun unce s per sadate. yd.); e
inches lumber; Douglas No. imension; S48; green; $Hxeate (nominal size) 1000 pieces -SP6—Northern hard . 1 Cc
moisture content 25%.
or gauze; type 1 (unbleached); first grade; class B . ches wed) plain weave
(grit, laundry, toilet and chip), soap powder, cleaning powT, fPonges, and toilet acks
ampers, die shovels, rivet Te drill hs Towgls, respirators’ and crosscut ay (2-man) 04—Brooms, serupbbing brushes, brush handles (scrubbing & sweeping) mop handles, squilgees, mops and
stocks hand
lasses, screw jack 5 cocks (air and rainage), grease’ cups, extin-
UTILITY FAILS TO
NEW YORK, July 3 (U. P.)—
Net income for the March quar-
Net income a
Earnings for the latest period
The decline in net income largely
$1,521,080 a year earlier. Main factor in the decline in dividend in-
first quarter last year paid the parent company $381,068 in dividends, failed to pay anything this year. Gross revenues of system companies for the March quarter increased 11 per cent over a year
operating expenses and taxes cut net earnings 13 per cent to $3,260,117.
port, Chairman C. E. Groesbeck and President S. W. Murphy again told stockholders to prepare for important basic changes in -the company and its system because of the
act, and disclosed that since the end of the first quarter, the company has purchased sufficient of its preferred stock to reduce its preferred dividend requirements by |; $121,302. In all, the company has retired 92,400 shares of $6 preferred and 29,100 shares of $5 preferred for a saving of $099,000 in annual dividends.
LAKE ORE. SHIPMENTS WELL OVER JUNE 41
CLEVELAND, July 3 (U. P.)— Iron ore shipments on the Great Lakes during June totaled 12,625,105 gross tons—a gain of almost two million tons over the same month last year—Alexander T. Wood, director of the Great Lakes carrier
transportation, announced today. The June total was 52,251 tons
shipments on the lakes this year
scribe the plan. The Stanley plan describes by | letter various. machines used inj machining metals for war work. | ers of machines use these codes re contracts as advertised by prime contractors. :
Houston Lighting & Power Co. 12}
months ended May 31 net income|
tons.
Holiday By UNITED PRESS
All commodity and security markets in the United Stztes will be closed tomorrow ir ob-
fire guishing liquid, od steam Whistles. 20 S ———————————————
COVER PREFERRED ii:
Dougiag Sire i.
Duplan Silk ’er Du Pont veo} Du Pont pf’ oes
East Air Lines. Eaton Mfg Elec 'AutoeL
come was the fact that National Tu Power & Light Co. which in the
earlier to $13,309,777, but increased |Sf™
In a letter accompanying the re- G
Public Utility Holding Company i
division of the office of defense Kre
short of the May, 1942, figure. Ore|1 e am Lee
oan Aire
Locsn-V/ Lorill»~4 ] Len & Mash .' 6
elt Am St Fdies. . - 1% Sugar pt 5% T&T
Tobacco .. “an ‘Tob B -.
13808 4% A Videse 6 Am Water W . Am Woolen ... Am Woolen pf. Am Zinc pr pf. Anaconda Anac Wcable' 3
9 .. 645 . 22%
Atlas Pdr % 114% Aviation Corp . 27%
Bad Loco ct .. 10% & Ohio 3
& Me . ay eh Brass . 1 riggs BRIyRM % . Bucyrus k Erie *
Bu Budd A Mig pf .. 8 BnAaior M.. 16% Burroughs c..ee 1%
f... Butte Cop E Z. 2Y% Byron Jackson. 12%
Cal Packing Callahan inc. Canada Dry ... 1 Gan h paging “ee
& Caterpillar Carriers & Celanese
W R 1% Chi GW Ry 5 bi 11% Chic Mail order 4% Childs 1}
Crosley Corp’ ’ a Crucible ot Cuba
Cutler-Ham
cca Rec Inc. 1 & Hud
Elec
"irestone T ... restone pf A "rst
. 4% . 1-16 . 57% 4%
CY, 6
Greyhoun Guant Sug. Guant Sug pf. . Gu M & Oh pf 24
Hanna 5 bpof..
Houston Oil ... Hud & Man .. Hud Bay M&S 19% wo J Central .... 6% 1 Cent pf 1s
mn Cent ri 34%, Indpls Pw & Lt 11% Ind Rayon . . 23% Inger Rand pf.153 Inland Stl 63 Inspiration cp. 10% Int Business 135 T . 46%
nt Harvester. t Hyd El A . V2 5% 44 261s ... 9% . 41% 41 29%
Ya 19%
6% 15
Int Int Min & Ch Int Int Ni Int Int
Int Int t
8% Ww 54% 18% 8
A Kan C Sou .... 3% Kennecott . 29% esge S 17% Kroger G & B 25%
Intertype ....
Johns-Man ....
Jones & ho. 18% Joy Mfg 1 8
3% 29% 17% 25%
Laclede G
pak NS
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By UNITED PRESS
DOW-JONES STOCK AVERAGES
30 INDUSTRIALS Yesterday Sasshresesaseneses Week Ago. “ese 0resntggennge 102.54 -0.17 Month Ag0......e0000000....104.41 40.80 Year: Ago............ rasan ries Holiday High, 1842, 114.22; Tow, 92.92. High, 1941, 133.59; Low, 106.34.
20 RAILROADS senveee essessaacs. 24.66 sessensecssses 23.78 . 28.54
Yesterday +0.34 +0.28 savensuate seis +0.19 Year High, 1942,
High, 1941,
23.31. 24.25.
29.01; Low, 30.88; Low, 15 UTILITIES veeseasneesess 11.68 ‘Week Ago.... seeectssessesccs 11.67 Month Ago...
High, High,
1942, 1941,
DEEL
Ca Ras me
. CH HEL
. -
JRC
a 73 Newmt ‘Mining 25
a Ya 15 3 Vs Ya 1a Va 3
w HHL EH Ere HE 4
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No:
Ohio Oil ...... [as pen "vo Owens Ill Glass 48%, —P Pac Coast 1 pf 18%a Pac El 18% Pac West Oil. Packard
T% 3%
» FS
4 48 18% 18% i 16% 7 143s 19%, 68 19% 21% 5Ys 20%, 38%, 4 34 59 8
16%
141 23% ee 19% . 69%
Pan Am Paramt Pict" oe Parke Davis ... Patino Mines ne
FE RRR
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to pte >
"
3 6% 17} 3Y2
bo 13a 10474 t's 80
sh HHL RHE RE FE FH --
Pitts Stl Pitts & Wa So T% dostal Tel pf.. t 14% 14% Press Stl ar. 6Ys 6 . 6% 6% . 48Y; 48
Pure Oil 3%
- 30% Repub sf 137% Repub Stl pf A 10% 04 Revere Con 5 Revere pf. ..118 ugh Reyn Me t #7 Reyn Met cu cv 77 795% To xv Bo: i
oh i Ha Safeway 5 Lead '38 .104 1]
8t Rr fii IH Schetiey Dist . 5 Pap
Scott Sears
csessves
252
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Ru Rustless I&Stl.
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Transamerica Trans : Wms. 11 Truax Tra 20th Cent Fox. Twin Coach ... 5% le Und El Nn 38% Un B&P so
23 ME £108 n pf nS 2 i i United Kireratt. 2812 Un Airc . 95
.
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SEFRR
I+ 4: +++ foto per
Vanadium . Van Raalie . 3 Vo-Caro Ch 7s Virginian Ry on 28 1 Vultee Airc pf 17%
—We—
22% 21%
| +:
Wabash pf ....
LOCAL ISSUES
Nominal quotations furnished by local sit = iJational Association of Securities
Stocks t RR Stk: Yds com t RR Stk Yas pid. . fo hens ill co Bobbs-Merrill a Circle Theater com mwlth
pe
com. Van Camp Pld a; a Ve Van Camp Milk om, Geiss vee
Algers Wins'w W RR 4's.. American Loan 5s 51
HHH + +H + . -
Morris Muncie WwW. In
.108.7 +104 Wi 03.38 +104 W
x | UP % and then
2 |Clearings ............ eedfraoee D
:| A, medium, 8 | grade, 26c.
| that floats on water |
odorless,
High
A
jes
White Mot 2 Willys and 1% Wiis Overt pt bts Wilson & Co 4%, Woolworth shes
Yellow Tr .... 11% Young Sheet « 30%
—1 ee 13%
RAILROAD SOCKS AGAIN LEAL UPTURN
"3 (U. P)— rday’s-gains in “irnover today. 12d a new high the industrial
Zenith Rad
American Telephor 2 was bid up 1% points to 114 and Sears Roebuck was up a point at 55. American Tobaco issues were strong with the preferred up more han 4 points. Numerous special ise ues had gains of a point and more: including International Business #7achines, Lehn & Fink and Procter: 3z Gamble. Santa Fe equaled ts high at 39 tased slightly. Chrysler touched 60%. up 3% and then dipped a bit. (:2neral Motors had a small net gai i. vances were noted in most coppers, amusements, oil ang rubbers, and some mercantiles, faim shares and aircrafts. Douglas fe; tured the last, rising a point from ¢ is low of 54%
holiday week-end. Traders took |, profits in some stocks that had been given a whirl in recint dealings,
GRAIN PRICES TURN HIGHER AT (CHICAGO
CHICAGO, July 3 0. P.) —Grain
early dealings on the board of trade today. Soybeans wert about steady.
wheat was 3% to %. ‘ent a bushel
unchanged to up %: rye up % to 12; and soybeans "i ‘higher to % lower, Reports that large | castern chain bakers had bought : ‘about 400,000 barrels of flour this week approximating 2,000,000 bush els of wheat stimulated a good ¢:mand in the wheat pit. A numb: r of commission houses bought irheat believed | & to be for milling ace ant,
U. S. STATMENT
ne SING TON, July 3 UJ. P.).—GoverneEpenses and rece. a for the first aay bd 1943 fiscal yea, «compared with the corresponding da oi year ago: is Last Ye Expenses. $ 08,232,105 § 136-417 ar Be. 180,675,429 ~ 26,006,3
Clearings ............ Debits
cesses oe
«so 25,649,000 70,785,000
LOCAL PRODUCE
Sieayy breed hens, ful} feathered, 17%c; Legh orn hens, 2 4%2c. teers Ibs. and of: °r; colored, 19c; white and EX rock, 0c; cocks, 1c. Springers, 3 Ibs. and Wer; colored, 22c; barred and white rock, 23c. No. 2 poultry 3 Eggs—Current tints
Graded Eggs—Grade A, 30c; grade &
Ibs. and up,
“large, 32c; grade small, d6c; no Butter—No. Se 23% 4 38g: butterfat, Je Qu: No. Sus. 2@
36a. C Prices on Ly deli’cred at IndianTa quoted by Wadle ; 3 Coo
DAILY PRICE INDEX
NEW YORK, July. : Dun & Bradstreet’s price index of 30 basis compiled for United average equals 100): Yesterday ............ Week Ago ......., Eo 154.53 Month Ago cesvessncibeses.. 154.83 Year Ago . resne sas uelfh tees Holiday 1942 High (May 9) .. 1942 Low (Jan. 2) .
commodities, i'ress (1930-32
eeeeee 156.42
. 151.54
re t—
OTHER =} STOCK
10000
1bs., 1bs., calves, $9@12;
14.3 1; 100-130 alse $13.50; ton STR
14.50; lam! be, ea 05 ian lings,
@ Cork in By Science Stivies PITTSBURGH, Jul; 3.—Breaking
a bottle-neck caused vy the shortage of cork, a new !:nd of glass
material that does n' like ordinary glass. 10 pounds per cubic fc as it has been named. is being produced in a large factoly in western Pennsylvania by thi Pittsburgh Corning Corp. The new floating class has a cellular structure but tach tiny cell is airtight. For tha: reason the material is permanent sy buoyant in water and has high ins lating value. It is rigid rather thé&n ‘esilient, and can be sawed or dring with ordinary tools. A It is expected to sot ‘ve in place of such scarce pori:d materials as balsa wood, cellulas: rubber and
has the added advani::es of being fireproof =
Minor ad- |€
futures scored irreg}; lar gains in|Good—
At the end of the first hour,| WE
Good higher; corn % to 1 higher; oats Heil ium
Com: 91.
9 | Good and Chotce—
HEAVIER HOGS RISE 20 CENTS
Top Is $14.80 Locally as
6066 Porkers Arrive; Vealers Steady.
Heavier hogs were in better de-
‘| mand at the Indianapolis stockyards |
today and prices on weights between 220 and 400 pounds advanced 20 cents, the agricultural marketing administration reported. Weights between 180 and, 220
day’s prices while lighter weights and sows were unchanged. Today’s top price was $14.80 for good to choice 220 to 240-pounders. Sows sold mostly from $13.40 to $13.85 with a few at $13.90. - Vealers were steady with a $15 top. Receipts today included 6066 hogs, 592 cattle, 366 calves and 279 sheep.
HOGS (6066)
Good to Choice~ setsesereees $13.28
14.7 i :[email protected]
14.10 14.65
sce0ecconscne esec00e00ss0e escecevcsoces
e000000000000
160- 200 pounds Packing Sows Goa and Shoitese
13. . 13. [email protected] [email protected]
400- 450 pOUNdS eccoecescscce 134013.8 I £50 pounds ......cee00.. [email protected] 250- 560 PoOUNdS seeeciecennns [email protected] Slaughter Pigs Medium and Good— 80- 120 pounds CATTLE (592)
Slaughter Cattle & Calves. Steers
[email protected] Hagin
sone,
oy 400 POUNAS ececescecosces
[email protected] [email protected]
[email protected] [email protected]
1300-1200 Good— 700- 900 900-1100 1100-1300 15501500
. 133081330 [email protected] [email protected] [email protected] [email protected]
Med: 760-1100 pounds 130.3508 pounds
700-1100 © pounds
Heifers Choice— 0- 800 p 14.00 800-1000 i
14.00
13.00 13.00
13.00 13.00
12.25 12.25
®ec0csce esessssccccce
gon. 800 pounds 00-1000 pounds Rosi 500- - 500° pounds
5000 500 © pounds 11.00 10.25 25 Bulls (ali weights) (Yearlings excluded) [email protected] 1 75 75 5 ia 08 CALVES (366)
Vealers (all weights)
Sood and choice mon and medium cull (715 lbs
Feeder & Stocker Cattle & Calves Steers Chot 500-
oice— 800 pounds ....ceccesee 12.50 00-1050 pounds ..ececceces. 12.00 00!
500- 800 pounds . [email protected] 0.1050 po UNAS ..cceceeeess 11.50 12.50
00-200 pounds ..esece0ce0s [email protected]
13.50 13.50
500" 900 pounds Calves (Steers)
[email protected] [email protected]
nls bounds down ....
500 pounds down .... Calves (heifers)
Good and Choice— age, JLounds down . « [email protected]
500 pounds down [email protected] SHEEP AND LAMBS (279)
Ewes (shorn) Good and choice
Spring Lambs Closely sorted ........... cree Good and choice Motu Janda good ceene Comm
BUICK 400 PER GENT AHEAD ON MOTORS
CHICAGO, July 3 (U. P,).—Harlow H. Curtice, president of the Buick. division of General Motors Corp., said today that tne manufacture of Pratt and Whitney engines at the Melrose, Ill, plant during the month of June exceeded original schedules by more than 400 per cent.
Even this productive rate, Mr. Curtice predicted, will triple after completion of additional facilities and machinery.
weekly visit to the Chicago area plant, Mr. Curtice said that aircraft engine output in this region is augmenting plane production substantially and permitting flexibility in aircraft manufacture that would have been impossible six months
bs | ago.
Carolina Power & Light Co. 12 months ended May 31 net income
$2,751,290 vs. $3,855,164 previous 12 months.
*Foamglay May Replace
Life rate
mixed with a small quantity of pure carbon. When the glass is heated to a certain point it softens and the earbon combinés to form a+*gas that puffs up the molten mass to 1/15th the “weight of ordinary glass. Exact time and temperature
control is necessary to obtain rigid vitreous slabs with cells uniform-
; ly small and sealed one from an-
other. Since 1938 this new product has been under development in the research laboratories of Pittsburgh Corning Corp., jointly owned by Pittsburgh Plate Glass Corp. and Corning Glass Works. In addition to going to sea as the buoyant element in life-saving apparatus, the new glass is to be marketed as insulation in the cold rooms of meat-packing plants, breweries, dairies and ice cream plants. It will also be used in floats that support pontoon bridges. = mre emma
FURNITURE
ON SALE!
pounds were 10 cents above yester-| 3
Above: 45 days. Below:
in the production schedule.
One job of war plant construction that didn’t let itself be stymied by the steel shortage is buzzing along. Instead of waiting weeks for construction steel to come through, the contractor went back to “the good old days” and used wood throughout the new Wright
.| Aeronautical Corp.’s new plant for
warplane engines, “somewhere in New Jersey.” Result: At least two months is gained in production time. The huge, specially-designed building was ready for machinery installation 45 working days after
The new Wright warplane engine building, finished in Carpenters, not steel workers, swarm over the wooden framework, use of which instead of structural steel saved two months
construction started. Girders, columns and planking,
the only substantial use of struce tural steel being to hold up masonry above doors and windows, The fire hazard has been minimized
and treating vulnerable parts of the building with fire-resisting chemicals. of skilled steel workers for work
products. -
[email protected] [email protected]°
In an interview on his regular|
STATE STEEL MILLS SET FIVE RECORDS
CHICAGO, July 3 (U. P.)~— Establishment ‘of five new weekly
East Chicago, Ind. plants of Car-negie-Illinois Steel Corp. was announced today. The records were: Rolling a tonnage-of steel plates sufficient to provide armor plate for more than 7000 light medium tanks. . Blast furnace output topped previous records by approximately 1100 tons. At Gary, \the blast furnaces established a new record with a total production of 83,837 tons. The total plate production for Chicago district plants increases by almost 7000 tons over best previous output of the week of june 20. The 80-inch hot strip mill at the Gary sheet and tin mills reached a new high, as did the 160-inch continuous plate mill at Gary works.
DANVILLE TOOL FIRM SOLD TO CAPEHART
Purchase of the Duralo Tool Co. of Danville, Ind., by Homer Capehaft, Indianapolis industrialist, and
operation of the plant in conjunction with the Packard Manufacturing Co. of Indianapolis, was announced last night. The Danville plant produces tools and cutters and hgles several war contracts. Mr. Capehart also heads the Packard plant.
WOOD SUCCEEDS CARNEY
CHICAGO, July 3 (U. P.).—Gen. Robert E. Wood, chairman of the board of Sears, Roebuck & Co., aiso will act as president of the company, 'it was announced today. Thomas J. Carney, who had been president since 1939, died Monday night.
production records by the Gary and:
161 in State Pay Corn Loans
LAFAYETTE, July 3 (U. P.).— One hundred and sixty-one of a total 1593 Indiana farmers who borrowed money on last year’s crop of corn, repaid their loans
before June 21, Commodity Credit Corp officials said today. Loans of 73 cents a bushel still are in effect on 1,547,878 busheis of Indiana corn.
OTTO FEUGHT JOINS KLEIN & KUHN STAFF
Otto J. Feucht, Indianapolis busie nessman, has joined Klein & Kuhn, real estate management firm, it was
-|announced today. Mr. Feucht will
be in charge of the company’s brokerage department, specializing in industrial real estate and real estate financing.
the Fletcher American National
ing trustees. Since 1937 he -has been a trustee in charge of liqui=
Car Co. He is a member of the Marion county war price and rae tioning board. Klein &. Kuhn, successor to. the George W. Klein Co., was formed in 1925 when George A. Kuhn became associated with the firm. WAGON WHEAT Up to.the close ot the Chicago market per. bushel for No. 2 corn was 82¢
3. white oats, 42c, and No. 2
yp RRL NR Fidel ity or TRUST ICOMPANY
123 EAST MARKET STREET
MEMBER FEDERAL DEPOSIT INSURANCE CORP
PL SH
x OUR USUAL
3 re PRICES n=
43 S. USE YOUR CREDIT at
tLe; MOSIKINS CLOTHING COMPANY
131 W. Washington St. Directly Opposite Indiana Theater
WE Buy Diamonds
HIGHEST CASH PRICES PAID
STANLEY Jewelry Co.
113 W. Wash. Lincoln Hotel Bldg.
FUR COATS Largest Selection in the State
LUT TT HR
29-31 East OHIO St.
RE-WEAVING
of MOTH HOLES—BURNT or WORN SPOTS
LEON TAILORING CO. 235 Mass. Ave, I» the Middle of
the First Block
SAVE 25% in Our Sensational Clearance of Summer Apparel! on Easy Credit
LIVINGSTON'S
129 W. Washington St.
45 CONVENIENT LOCATIONS
FOS
Make Woodworking Your Hobby.
DELTA
VONNEGUT’S Exclusively at
Use
FRACTURE BEDS Can Be Rented at the New
HAAG'S ALL-NIGHT DRUG STORE
22nd and Meridian
120 E. Washington St. LADIES’
SPECIAL ....% 5a.
KINA EY’
138 E. WASHINGTON ST.
: Has the STRAW
Levi, 0 ; 4 For You in *42
Sots Straws, Satter: $1.95 and Sailors
$2.95, $3.85, $5
including the roof, are of wood,
by using tough, slow-burning wood Employment of - care penters on the job, released scores
on shipping and other vital wap
Frades cn their merits).
Mr. Feucht was vice president of :
bushel and No. 2 white shelled corn, 88¢; No. red cats,
bank and is now one of the liquidate
dating assets of the Marmon Motor