Indianapolis Times, Indianapolis, Marion County, 31 August 1942 — Page 11
INESS
Writer Optimistic About Vast .. Russian Industry Behind Urals
- By ROGER BUDROW
THE RUSSIAN INDUSTRIAL SITUATION is probably optimistic than the daily war headlines would indicate, g from an analysis made by Andrew Grajdmussy in 3 Novembe:” s “Far Eastern Review.” Based on facts, his survey shows that in recent. years
‘Russians have dispersed
their vital industries behind
‘Ural mountains, developed crop-growing regions apd
from Nazi conquest. this relatively safe area, Mr. janzev says Russia is able to Be enough meat and cereals people. The same ... can be said of oil, provided the Baku area can be defended. If that is lost, Russia's oil production would be reduced to about 10 per cent of last year which would be disastrous, of course. , Iron and steel Budrow ‘duction in the ory behind the Urals now accounts for about 40 per cent of Issia’s total, he states. And nearly je-third of the electric power genin the Soviet Union comes plants east of that range of atains. Recently many heavy itries and chemical industries been concentrated in that re-
fe concludes that loss of terri- . therefore, does not mean. as uch to Russia in this war as ih @ first world war and that its lity to stay in the war as a fight- , factor is greater. ; ; ® = = ODDS AND ENDS: Government
Spokesmen are saying now the prospect of a coal shortage is over.
. » Bureau of mines is surveying ‘areas in west central Georgia con1 bauxite, ore from which sluminum is obtained. . . . Home : financing in Indiana cites mounted ‘ to $10,341,000 in July, against $9,999,000 in June and $12,443,000 a year ago, Federal home ? bank reports. . . . 1,600,000 ons of scrap metal were salvaged iy railroads the first six months this year. . . . Canada’s crops this r, like U. 8, are better than . The trade knew about the “agriculture department’s announcement on peanut prices be- ¥ the public did. . . . Treasury has an anti-inflation program. Restrictions on Midwest oil Ing: are expected to be relaxed at.
JBE IN INDIANA ND CASE DELAYED
DELPHIA, Aug. 31 (U. P). securities exchange commision sald today that hearings on @ National Association of Securi}8 Dealers, Inc, action against | members for alleged violation he fair practice code were postd for “about a month.” pg adjournment, NASD officials was routine. James P. Conpublic relations manager for said that the proceedings will be brought to a close few Says after the reopening r, hearings were cited as a test NASD punishment of 70 8 who are charged with vioselling price agreements, arly in the case of Public te Co. of Indiana bonds in id 1940.
INAPOLIS MAN NASD COMMITTEE
AGO, Aug. 31 (U. P).— of W. 8. Gilbreath Jr. of rst of Michigan Corp. Deas a governor and William ler, president of Gavin L. & Co. Indianapolis, as a of district committee No. 8 in approved by members of llonal Association of Securiplers, Inc., in Illinois, Iowa, Michigan, Nebraska and
ilbreath succeeds Francis F. of Chicago, and Mr, Miller 2 place of G. William Raf-
[8 WATER LOMpaNny EARNSTATEMENT FOR TWELVE
FTHS ENDED JOLY 31, 1942, po Water Company has made available to its security. holders ings statement for the period 1041, to July 31, Bhi Such tatéement ' covers period o calendar months 00 after tive date of the Company's Registéement for 225,000 shares of its “A" Common Stock, which RegisStatement was filled on June 24, jh the Securities and Exchange pn pursuant to the Securities Act became effec-
practices of the Company for “statements, is based in part|® dited figures. Said statement ul
$3,078,940.47 ctions: $37,802.43
1 135,005.41 for Taxes: x Income and Excess 450,500.00 492,200. 49
1 S10.588. 3 1,162
2 368.60 1 166720; tH 504,875.00
50,479.68 2,871.59 uae sins o she se n'y wih . - 10,618.75 Deductions .. 577,845.02 ‘of Premium on
mineral deposits. These are believed safe for some
RUBBER PLANT IDLING: ALONG
Firestone Synthetic Output At 10% of Capacity;
Lacks Butadiene.
AKRON, O.,, Aug. 31 (U. P)— It’s immaterial to the rubber industry’ whether butadiene, critical ingredient of synthetic rubber, comes from grain or oil, just so the product is available to step up production. Harvey S. Firestone Jr., president of the Firestone Tire & Rubber Co.; said today that Firestone’s synthetic rubber plant was not operating at full capacity because of lack of butadiene. - “It makes no difference to the rubber’ industry if the butadiene comes from grain or petroleum,” he said. T. G. Graham, vice president -of the B. F. Goodrich Co. said butadiene could be made from “almost anything containing db or cellulose.” Mr. Graham said parctically all the butadiene now used is a byproduct from the manufacture of high octane gas and that rubber companies would not receive their schedules from butadiene plants constructed by the federal rubber reserve until early 1943,
Little Hope for Civilians The statements of both men to a
national war industries tour held no immediate hope for tires for civilian motorists. Mr. Graham said the public could “maybe” expect tires by July, 1944. Mr. Firestone
demands do not then drain the synthetic supply.
000 tons of synthetic rubber would be produced next year. But he said that no one could thought” to using that supply, or
usage, to civilian products. “We must keep that reserve for possible increased military needs,” he declared.
“Peace Table Problem”
drive had increased the national
The national synthetic rubber] production, when it swings into full scale in 1944, will manufacture 800,000 tons. Meanwhile, Mr. Graham said, only 30,000 tons will be made this . year. Reporters inspected Firestone’s new synthetic rubber plant, now working at only 10 per cent of capacity because of lack of butadiene. Officials estimated that this plant could add 50 per cent to its original production estimate. A similar plant is under construction in the Firestone lot. Whether synthetic, which this country will be able to produce in amounts equal to its normal rubber imports, or natural rubber will be used in America after the war is a “problem for the government to be settled at .the peace table,” Mr. Firestone said.
SLIVON ELECTED TO
Fred C. Slivon has been elected comptroller and secretary of Libby, McNeill '& Libby, canners, to succeed the late Dwight E. Hillyer, it was announced today.
Mr. Slivon, who is 39 years old, joined Libby in 1929 and has served as office manager, assistant sec-
fore assuming his new duties. Earlier in’ his career he was connected for a short time with Price, Waterhouse & Co., certified public accountants, §
Heavy breed hens full-feathered, 19c: Leghorn hens, 16¢c. Broilers, 2 lbs. and over: colored, 19¢; white and harred rock, 20c; cocks, lle. Springers 3 lbs. and Sues; colored, 216; barred and white rock, 3 Ait No. ' peultry, 3 cents. Voss. s—Cugvent ceceipts 54 lbs. and up.
Traded A. large, grade & i: medi, 36 Soa rags 4 io. Ini
no a 3 Bitter No. 1, 45%@d6c; No. 4 butterfat, No. 1, 42c; No. Go. 3%9
44c {Prices on prodiics delivered ‘at Indianapolis quoted by Wadley Co
| ACCOUNTING
Busines, Industry and Government are
alter-work hours study. * Introduction to Accounting, ¢ Intermediate Accounting. * Cost Accounting. * Advanced Accounting Problems.
* Income an Social Seourity
Tax Proced ~Classes Begin Sept. 3—
‘Call or Write for Free Catalog
group of newspaper women on &|am T&T
estimated early 1945, providing war | Bord
L. E. Jackson, Firestone executive ¢ vice president, estimated that 300,-
« D give any gq
his company’s natural rubber. stock- |S pile, sufficient fora year’s military S
Kr Mr. Jackson said the rubber scrap |&
supply by 454,000 tons of which 95|N per cent is usable for reclaiming. x
NEW POST AT LIBBY een,
retary and assistant comptroller be- I
38e;| C
The Baltimore & Ohio railroad’s first\mainline Diesel freight locomotive made its initial run from |
THE INDIANAPOLIS TIMES
B.{ & 0's First Diesel Freight Engine
3 _—_
Chicago to Philadelphia with 100 tank cars of oil today. This is a record movement of-oil in a single long-distance train. The locomotive, first to operate on ny eastern railroad, is 5400-horsepower and was
built by the Electro-Motive Corp.
U. S. Permits Closer Drilling For Oil in Midwestern Area
WASHINGTON, Aug. 31 (U. P.)—The war produtcion board to-
day approved an intérim relaxation of federal oil-well spacing regulations ‘in. Illinois, southwestern Indiana and northwestern Kentucky. The order allows the drilling of wells in sand fields and to sand
reservoirs in mixed fields on a spacing pattern of not more than one well to every 20 surface acres for wells drilled to a depth greater than 2500 feet, or. of not more than one well to every. 10 surface acres in the case of wells drilled to depths less than 2500 feet. Prevously not more than one well could be drilled on every 40 acres,
The order will be in effect only
Illinois pipe line has not been completed by then, ithe OPC will recommend an extension of the order until the line is finished. Deputy Petroleum Co-ordinator Ralph K.'Davies said it was impossible to predict accurately how much additional oil the order would make possible, but that estimates placed the amount at between 20,-
until Jan. 1, 1943. But if the new
000 and. 30,000 barrels daily. o
N. Y. STOCKS
8y UNITED PRESS
High Allied Chem .. Allis Chal .... 23
Rs
Am Water W.. Anaconda Armour Ill .., Atchison Atl Refining .. Bendix Avn .. 32%
Borg . Chet & Ohio ..
dik AE
Foods .. $n. .e
ch
yoodyear . Hecker Prod . Hudson Motor. Int Harvester. Int Nicckel ... Int T&T
Owens Ill Glass Packar Pan Am Airway Paramt Pict .. 16 Penn RR Phillips Pet .. 38% Brosier & G... 4
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS ‘ . 106.41 0.18 cesscssnsscesces 107.25 0.03 Month Ago cessevasesssssces 106.08 1-013 Year Ago ...... LRP Holiday High, 1942, 114.22; Tow, 92.92, High, 194%, 133.59; low, 106.34.
Saturday . Week Ago ..
Month AZO ..ccocceeonccncns Year Ago .....ccc.e000e\.e, High, 1942, 29.01; low, 28.31. High, 1941, 30.88; low, 24.25. 13 UTILITIES Saturday. ..coccecvescccncnns 11.55 40.07 Week AZO ....covoe000s0eses. 1170 —0.05 Month Ago .. 1148 40.05 Year Ago HolMay High, 1942, 14. 94; low, 10.58. High, 1941, 20.65; low, 13.51.
26.18 0.26 Holiday
Complete New York stock quotations are carried daily in the final edition of The Times.
TWO STATE FIRMS ‘GET ARMY-NAVY E’
Two Indiana corporations were among the -26 named in Washington today to receive the joint army-navy production award in
""yy| recognition of outstanding perform-
LOCAL ISSUES
Nominal quotations furnished by local unit of Nanonalt Association of Securit
Stocks Bid Ask
elt RR Stk Yds SOI ceesess 53 ie Belt RR Stk Yds com ...eec. + 98 Bobbs-Merrill com Bobbs-Merrill %i% pf. eases Da Circle Theater “28 Comwlth Loan 8% b 92 oe Hook Dru up Co 2% Home T. I: Wayne 1% id 51 Ind Asso Tel 5% p 95 Ind & Mich 1% oid 106 Ind Hydro Elec 7% pfd...... d Gen Serv 6% pid
United Tel go ES ord. secsnnes Van Camp cessacs 33 Van Camp Mik oe ie Bonds
‘Algers Wins'w W RR 4%% . American loan Sa American Loan 96 Cent Newspa Hy in 42-51 .. 99 Ch of Com: Bl 0 4%s 51.. Citizens Ind Te es 61 ....10 1 Fi 50
Indols Ral
Indpls Water Kokomo Kuhner _— Morris 5&
10 res 68 50. .... 99 i Muncte Water Or 58 65 ..104% 3 N Ind Pub Serv 33%: 107 Ye 100
iio Yas 55 d Water Wks 5s 57..105 “le rm Corp Ss 67 88 -dividend. . Central Im nt Corp. six months ended June 30 net income] $64,234 equal to $1.10 a share $106,347 or $1.82 in the 1941 period. Plough, Inc. six months ended June 30 net income $127,201 equal to 42 cents a share vs. $126,309 or 42 cents in the 1041 period.
_| Inventors countil, upon ‘the
ance on war work. They were the Kingston Products Corp. of Kokomo and the William R. Bootz Manufacturing Co. of Ev-
8 ansville. Each of the firms will fly the|
army-navy production award pennant and all employees will be awarded “B” pins. ~°
HEADS WAR MATERIALS
WASHINGTON, Aug. 31 (U.P). —J. M. Hopwood, president of the
%| Hagan Corp. of Pittsburgh, has been
elected president of War Materials, Inc, the new agent for Metals Reies | Serve Co., in buying and collecting scrap metal, Secretary of Commerce Jesse Jones announced today.
' WAGON WHEAT
0 the close of the Chicago market tool, ‘Indianapolis flour mills ad elevators paid $1.21 rar bushel for No. 2 red wheat (other grades on their merits). No, 1 yellow shelled corn was bushel and No. 2 while shelled corn. Ste: No. 3, white oats, 42¢c, and No.3 red
CHANGE SOUGHT [==
ON STEEL SALES
Kaisier Case Stirs WPB To Seek Elimination of ‘Black Market.’
By THOMAS L. STOKES Times Special Writer WASHINGTON, Aug. 31.—The temporary injunction against Kaiser Co., Inc, in Cleveland to check
alleged operations in a steel “black market” has served to direct attention to the whole problem of steel supply and distribution, now vitally important to war production. As a result, the war production
\|board is expected finally to 90! Goo
something about this problem. Outlet for Small Users
' The issue is dramatized becase; it involves Henry J. Kaiser, the Pacific coast builder, now very much in the public eye, seemingly, in disfavor in certain official circles here for the bold manner in which he is pushing his proposal for a vast fleet of huge cargo planes to meet the submarine menace. Mr, Kaiser needed some steel. His representatives went out and got it—and ran into OPA price ceiling regulations. They could not get it at steel mills because of priorities, so they went to a warehouse,
and sales from ‘warehouses are
under restriction. Ceiling Price Higher
These warehouses can sell in less-than-chrload lots. The ceiling price for such lots is higher than the ceiling price charged at mills—$3.25 a hunderweight, as compared with $2.12%, Only one less-than-carload delivery at a time to an individual buyer is supposed to be made from| . warehouses, undes WPB regulations, and the shipment must be of diversified ‘steel products. The Kaiser company was charged with paying above ceiling prices to the Builders Structural Steel Co. of Cleveland. The latter was charged with selling. steel that did not actually clear through the warehouse, and with other violations of regulations. that subterfuge was practiced, in
that each car was loaded with only o slightly less than its 40,000 pounds be
capacity.
Only 252 tons of steel was in- oi
volved.
COTTON EXCHANGE |X
AT MOBILE CLOSES Bs
MOBILE, Ala., Aug. 31 (U. P.).— The Mobile cotton exchange will suspend operations at the close of business today for the duration of the war, it was annonced today. The decision to close the exchange, now in its 124th year of operation, was- caused by unsettled world conditions and the inability to export cotton. The organization will be kept intact for resumption
of business after the war. The ex-|}
change did not close during the last war.
New Device Will Produce
100-Million-Volt Energies Si
By DAVID DIETZ
Scripps-Howard
Science Editor
The mest ‘powerful electron streams ard X-ray beams in history will be produced soon by a device now under construction in the General Electric research laboratory at Schenectady, N. ¥.
The new instrument, an “induction ’ electron ‘ accelerator,”
will prof.
duce electron Streams and X-rays with energies of 100,000,000 volts.
Scientists believe the device will
. -|be of immense value in exploring {problems ‘connected with atomic
study, and particularly the release of atomic energy. Because ‘of the lethal nature of
oi [the rays developed by the new de- * |vice, it is being installed in a spe-
cial building with three-foot walls of concrete. ‘The machine was inspected recently by members of the National wifas tion of Dr. William D. Coolidge, president and director of. research
vs.|of General Electric.
Dr. Coolidge revealed that the new ‘device willbe used for a number of problems closely allied to the 42| war program. One of them is the ‘| determination of the ‘maximum
et weighing 125 tons.
Since this must operate on alternat- 3 ing current, a solid core could not
be used. The core consists of 100,000 pieces of silicon steel, each .014 inch thick, fastened into a solid slab with a special cement. At the heart of the ‘magnet, between the 78-inch faces of the magnet's poles, is a six-foot hollow glass “doughnut.” . Electrons are whirled around in this doughnut by, the asvice tion of the magnetic field until they attain speeds. apprdaching the speed | of light. Ths serie speed gives the electron’ its great energy. When the Beam is permitted to strike a metallic target, it Jevelops X-rays
usefully applied | for ‘the examina-| Rr en “|tion of armor plate and very thick
{Ho PRICES UP | 10 CENTS HERE|
Is Extreme Top|
‘Cholce—
Also, it ‘was charged|d
ETE
$14.55 Paid; 10,200 Porkers Arrive at Stockyard. Hog prices regained 10 cents at
the Indianapolis stockyards today,|
the agricultural marketing admin-| 8
istration reported.
* The advance was made on}
weights above 160 pounds. The extreme top was $14.55 for good to choice 220 to 240-pounders but the practical top was $14.50. Receipts included 10,200 hogs, 2675 cattle, 650 calves and 2500 sheep.
HOGS (10,200)
$12 FH Hy
[email protected] ve 14. ois a5 [email protected]
ium— 160- 200 POUNAS ...veeonerss [email protected]
Packing Sows
+ [email protected] ssssscsssacs [email protected] [email protected] [email protected]
a
pounds 450- 300 ods
Medium— 250- 550 pounds .. Slaughter Piss Medium and Good— 90- 120 pounds CATTLE (2675)
Slaughter Cattle & Calves Steers
Sscsssnssece ®eescscncses
pounds cecceccense -$14.13013.78 15. .00
I8 sceesesens eet iEgica [email protected]
15.00
18 scccccons 1S
®%cssesnsece
13.75 13.
[email protected] [email protected]
1100-1300 Ds Common— 700-1100 pounds
800-1000 200 pounds seseeccsecsce
600- 600 pounds ssespenseecne
800-1000 pounds erentsscsscss 13.00@14. 00 ‘Medium—
30 pounds ..eesescsse. [email protected]
re 900 > pounds tessrcesensss [email protected] Cows (all weights) Chern averse 0 Ra 33
Heifers
[email protected] [email protected]
Bulls (all weights) (Yearlings Excluded) Be cercesressasaseiee sere 11A0G13.00 Sausage— 3 re Traevseenthannntena, 9.50@ 10.75 Cutter and common CALVES (650) Vealers (all weights) d and choice So and medium Cull (75 lbs. up) . Feeder & Stocker Cattle & Sivan, Steers
UNAS «erececsceces 12.50013.25 800-1030 0 unds 2000000000000 [email protected]
800-1050 pounds ..ceccssessee 11.50012.25 ed!
00 POURS ..evsessesess [email protected] i [email protected]
B50
Gaod and Sholcec. 00 pounds down
a 500 pounds down Calves (heifers)
Good and Choice— 500 pounds dOWR cecsscscese 13.00015.00
edium— ls dOWRl occoceseess [email protected]
SHEEP AND LAMBS (2500)
Ewes (shorn) Good and choice Common and choice Spring Lambs and Shoice a and good Common stestuen crores
CHICAGO LI LIV VESTOCK
Hogs—Receipts, 15,000; generally 25 cents one on all Weights and sows; fotPio 4s
sparing fi: °3 choice 0: $14. = a $14. 50 ys $14.7 The. in
240-270 fhe os. 14.60; 270-330 $14. se 4.40; bs., $13.85 good it S0WS
@14 330-400 Tots Ji: $136 60@13 .85; ~lighier weights,
s., $13.40@13 3 4000; A bidding to
lower on nativ 8
eeee [email protected] [email protected]
5.25@ 5.78 4.00@ 5.25
3 13
ho 31,000. Calves—15, 000; um, Vel to 25 i and
Sighty ig active and choice Montana ine A choice Southwest = calves, heifers steady to weak; best indy with cutters at $6.50 down fat cows to $11.50: ady with weighty sausage offerings, $13; Vealurs, $15@16 steal
OTHER LIVESTOCK
I CI Aug. 31 (U. A Receipts,
4950; Neights over 160 lbs Rts, 6c lower and 30c higher; ‘most
upturn on heavier weights; weights 180 Ibs. and. sows Gieady. This ai omI with Saturday i 1oday's top. 8 $14.50 paid for tae nd an -220-1b. w jghta; 240 1 J 4 " 340-280 1s, "$14. 25; 280-300 ha
and 160-180 Ibs. $14.15; 300-400 Ibs., $14; medium good 150- | Recei . 1.8; 140-150 be, 13.80
; good sows,
Ye
fed Clearings .. seesesans
$808.95; "good cows to cu! $6; common all: good bulls, vealer: teady, top, Dei Te Sls $15@16; out grades,
ey rly tos op. sit: Feisty choles
lambs downward eS Sighe tat” aiaghter ewes, $7 down.
FT. WANE Ind, Aug. 3 U. P.).—Hogs fs “hi er; 300-220 Ibs., 14 Te) 1bs., fie 1418: 340i 260-280 be, $1 4.15; sit "350-400 .90; 150-160 the. Lab: : * Rough, $13 $13; iy “siian: ; calves, : lambs, $14; ‘ewes, - $5.25 0
DAILY PRICE INDEX
NEW YORK, ‘Aug. 31 (U. P)—||
Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Friday Week Ago 989959800500000800% 157.43 Month Ago essecsccsscseses 157.56 Year Ago teesasscssnsacsse Holiday 1942 High (May | 9) e600000000 158.34
1942 Low. (Jan, 2) 8ecescscsse 151.54 efi
s| Incorporations
Commercial Supply Co., Coal Clty; dis 8-
prises 135 acres on eight . farms.
school only last ‘spring, but before
[email protected] | 3%
26314-SP3—Ampules;
secssssssicessessssse ‘158.10 7
041 N. Ala-{]
Harry Horowitz:
HIGHTSTOWN, N. J, Aug. 31
potatoes” as a grower. in Monmouth county, which claims
Seeks Potato Kin
‘No “small potatoes” as a farmer,
Times Special
—Harry Hotowits, 18-year-old’ son
of Russian immigrant. parents, is a boy farmer, but he's no “small! In fact, he's one of the largest potato growers
records for producing spuds.
“No victory garden” is Harry's potato patch. This year hell dip up enough potatoes to feed a city the size of Cincinnati for a week. His “patch” for table potatoes com-
In addition, he had 60 acres planted to certified seed potatoes, tomatoes and. hybrid corn. Harry was graduated from high
he got his diploma, he had already earned a net profit of more than $6000. He is successful as a grower because he remembers that selling is important, too. One year, by smartly storing his crop for a few months, he made $1000 extra. Typical of Harry’s enterprise is the way he relieved his neighbors of their fears about getting their grain threshed this summer. He
solved the problem by - buying - combine for $800 and doing the job, ¥ making $300 profit in one week. This year he is taking a market= ing course -sponsored by the Nae tional Junior Vegetable Growers
association and is competing for a
one of the cash awards from a $5000 scholarship fund provided by the A & P Tea Co. for students in 30 states. : Harry started his career as & he farmer at the age of 14. - He joined J the Future Farmers of America, ab his high school, and, as his “proj S ect,” rented several acres of potate land. His father paid for his seed that first year, but he has been on his own ever since. In fact, his father has now curtailed his own farming and helps Harry.'
- 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 MISCLELLANEOUS Invitation Date Bid Number 3 Item Closes 26313-SP5—Dynamometer, electric, ay " gueuon type, water-cooled absorp-
glass; Pyrex hn "Dine, No. 2; roll roofing; loth ‘tor Veterans en Indianapolis . 43-85—Presh fruit and ve taloupes, apples, Srapstrun, honey jons, cabbage,
dew melons, ta, EY Soatabure, spinach, oniqns, parsley, * radishes, uash, for Veterans Administration, Indianapolis 50! 2m0-RS1—Scrim, curtain, with border (1% inch), cream 203-RE] Soe, cotton, unbleached, Narrow, e B 2404-82—Pens, Re ir, steel, asst
531 1-SpS=Gasline engine “driven air suits x and grease dispenser ts Pas with hose
hose reels — 38315. 805—Paser drilling electro-hydraulic, Style EH, lenge, or equal 43-272—Yellow Pine 43-276—=Steel, structural, carbon me- ‘ dium, round; «cold jinished, flat; cold rolled, round; flat, cold Tolled; channels,
getables, can-
plain,
machine, Chal-
Severs asst asereran
6519—Ratchet braces, | ratchet arin, lam 1] wig dividers,
c TS, chisels and hacksaw bl SNSwater DIpe fo {Cass jon),
ts, shanks TR Teeth) pugle Jo nails
copper) steam a ply=(douglas
B16 ries drills, BR drills, coun tersinks and drills and stone drills: 10
inaware, aes Sh SR —Motor con cabine NAVY DEPAR T
les and 9
1-608 (BP)—Cran| 1-629 (BP)—Bands, rever
U. S. STATEMENT,
WASHING ON: Aug. 31 (U. P.).—Government expenses Ioveints for the current fiscal year a g. 28 compared with a year ago:
Last Year Expenses . $9,888.75 33 $3,057, 064,199.62
sia ied 18 2 '514, -866.36 yor, nd 8 0218+ 908. 02.064°064. i
Pub Debt.. Gold Res. . TINDIANAPOLIS CLEARING HOUSE
Today esseses.$ 8,627,000 DEBS cccaereriisaveniseernas «oo 18,401,000
* Month CIOAFINES «oo.evennrnennens ~....$110,918,000 Debits ... : 315,242,000
FIRM ASKS TO SELL SOUTH BEND ASSETS
PHILADELPHIA, Aug. 31 (U.P), —Utilities Building, Inc, today! sought securities and exchange commission permission to sell al} \ of its real property in South Bend, Ind, and other assets to the Chis< d cago South Shore and South Bend i! Railroad and the Northern Indie ana Public Service Cq., and dise solve.The applications stated that the Chicago railroad had agreed to pay $75,000 cash for one lot and the buildings thereon. The remainder of the real estate and all other ° company assets, except cash, of utilities would be sold to Northern A Indiana. The latter company would nob pay cash, but would reduce $135,000 on a debt owed it by Utilities, When the plan has been consume mated, Utilities stated that it would * apply its cash on certain liabilities and then dissolve. The three come panies are associated in the Mid land Utilities Co. :
Curb Exchange
* Not in 'Distress"
NEW YORK, Aug. 31 (U. PJ), —The New York curb exchange
start of every ‘businessday. One day last week, however, the flag was hoisted up-side down— the national distress signal—an -in no time at all the telephone: switchboard was ‘flooded , with calls from would-be “rescuers.” - We thanked our neighbors and promptly corrected the flag site , uation,” the exchange said today, ! : “We were much comforted to find
whole thing was an accident.” 4 ————————
RICE ELECTS SELF*
After ‘14 years with the Fide Mutual Life Insurance Co. of Phil delphia, Sidney Rice, local gene agent, has elected himself vice p dent of the Leaders Club of wk he has been a member every year.
may hop Iobsicaly and they i
Ayres’ Will Be Open Tonight Until
' ud]
* ‘Store Open Yoday at 12:15 (noon) :
™n Order That War Workers
Sofa for. things