Indianapolis Times, Indianapolis, Marion County, 1 March 1943 — Page 8
NES
)
Truckers Trying to Cut Length Of Time Equipment Is in Use
: CONCERNS THAT USE TRUCKS TO HAUL their ‘supplies and products will soon be getting “hurry up” calls. Like the railroads, the truckers are trying to cut down on the time their trucks are tied up with loading and unloading «<and just waiting to be loaded or unloaded. That time is a complete loss to the truckers because, unlike the railroads, they do not charge demurrage, which is go much a day for use of a railroad car after the first two
(free) days. Thus not only
do, the trucking concerns lose
money when their equipment is tied up unnecessarily long
but the trucks are needed els
Some shipments have gone from
ewhere.
[BRITISH LABOR
BETS VACATION
lliness Increasing Due to Long Hours of Work,
Doctors Say.
By HELEN KIRKPATRICK
Copyright, 1943, by The Indianapolis Times and The Chicago Daily News, Inc.
LONDON, March 1.—The govern-
warnings about the health of British workers and has announced three-day breaks at public holidays this year in addition to a week's vacation for all workers. Saturdays preceding and Mondays following Easter, Whitsuntide, the August bank holiday and Christmas are to be official industrial holidays, in contrast to the policy of the past
ment has taken seriously the recent}
| Most Porkers Unchanged
| ministration ‘reported.
‘| Good to choice—
Ts
From Saturday; Top Is $15.70.
Lighter weight hogs sold 10cents higher at the Indianapolis stockyards today while those from 160 pounds up were unchanged from Saturday, the food distribution ad-
The practical top was $15.70 but a few sold at $15.75. Receipts included 7000 hogs, 1775 cattle, 525 calves and 625 sheep. HOGS (7000)
cases [email protected]
John W. Purdy
tendent of the sion of the Baltimore railroad. Mr. Diamond Newark, O., as superinte: the Newark division. Mr. Purdy was assistant intendent of the Akron-C division, That division has divided, with the western & becoming the Chicago with headquarters at Ind., and the eastern end ing the Akron division with quarters remaining at
Citizens Gas &
Coke Utility
here to Detroit and been tied up Tareas ns es [email protected]
five and six days and even longer. Inasmuch as the trucking firm just : charges for the trip, not the time, he loses money when that hap-
pens.
Profit Increases $12, 883 -
Citizens Gas & Coke Utility today reported its profit from 1943 a operations was $825,218 or $12,883 greater than the previous year. Gross operating revenues for the year totaled $8, 892,582 or more than $1,500,000 greater than in 1941. “The purchase of the property of the Indianapolis Gas Co. in May, % 1942, was the final step in providing Indianapolis with a municipally- . ol
three war years when all factories were expected to work on these days. The reason is not necessarily that * [email protected] war requirements demand less pro- 270- 300 3 . [email protected] duction but that the workers’ health ; ; [email protected] snows the need for more rest.
52-Hour Week Minimum
JOHNSTON JOLTS THE ARGENTINES
sis
edium— 160- 200 pounds Packing Sows Good to choice—
The
Mr. Budrow
around of trucks also.
and unloading.
There are roughly one million trucks in. service in the nation. ~ Thus if one hour could be cut from every trip, that would mean a million truck-hours or the equivalent *. of 25,000 more trucks added to the
nation’s rolling stock. ” ”
GASOLINE RATIONING cut filling station sales 42 per cent in Indiana in the first month of ra‘tioning, December. In November 621% million gallons were sold, in December 37% million gallons compared with 64 million gallons in December, 1941. EJ 2 ” INDIANA is still in the “big ten” in regards to getting war contracts but it has fallen from ninth place to 10th in the amount of business
received during October and No-
vember, latest period figured up by
~ the national industrial conference
board. This state’s place was taken by Massachuetts, with. big ordnance contracts. » ” FJ
ODDS AND ENDS —Ken-Rad Tube & Lamp Corp., with factories at Tell City, Ind, and Bowling Green, Ky., earned $2.06 a share last year compared with $2.01 in 1941. . . . The South Bend Lathe Works earned $7.16 a share. . . The Jack & Heintz Co of Cleveland, the firm that pays big wages, . gives free Florida vacations, -etc., has saved $7,500,000 from its profits to provide work for its “associates” (employees) after the war. . . . Fairfield Manufacturing Co. of Lafayette will get an army-navy “E.” ‘es « +» Servel, Ind., of Evansville has put $300,000 aside out of November-December-January profits for reconversion to peacetime work when war ends; profits were higher—20 ~ cents a common share against 11 gents in that quarter of ’41-42,
LOCAL ISSUES
Nominal guotations furnished by local onal Association of Securities Bid Asked
~ unit of Nat poalers Fin © 1% Z mn n COrp COM .eeceee + Agents Fin Corp pfd ...ec... 20 Belt RR Stk Yds com 42 Belt RR Stk Yds 6% pfd.... 53 Bolle om ag -Merr: 9 evens Girls, Theater fom. . Comwlth Loan 5% pid Hook Dru
teases 35 Ind Gen Serv Sp td sscsnas, ..103 [ndpls P & L 5% pid ees 99% Indpls P & L com... « 15 . Indpls Rlwys, Inc, COM .ecovee 14% Indpls Water pf *Indpls Water Class A som. J 15% Lincoln Loan Co 5% pfd .... 88
07 , | dissolution,
a > Camp Milk com .. Bonds Algers Wins'w W RR %%... American Loan 5s 51 Smerisan Loan 5 3s ah 8 Cent Newspaper s 42Ch of er Bldg Co 4%s 51.. Citizen. d Tel “as 61 har <
Ind Asso ndpls P & L 3%s 70 Indpls itailways Co 5s 67...... 18 Indpls Water Co 3%s 68 ....106% Kokomo Water Works Be §8.. Yas 49. 52
Tel 4%s 55 Serv ot Inq 4s 69 .. Pub Tel 4 Enead Water Wis 5s 87.. Trac "erm Corp 58 § ~ *Ex-dividend.
Superior Steel Corp. preliminary 1942 net profit $978,184 or $88.63 vs.
$683,358 or $5.77 in 1941.
Indiana state chamber of commerce has worked on this problem for years with the railroads. Last week it set up, with the Indiana Motor 2, Truck association, a system to speed up the turnoh The state chamber has figures to show that the average truck trip consumes 40 hours, counting loading, the drive
But His Idea of Capitalism Does Not Jibe With
Their Views.
By ALLEN HADEN Copyright, 1943, by The Indianapolis Times and The Chicago Daily News, Inc. BUENOS AIRES, March 1.— Against a background where conservatism and capitalism are synonymous with neutrality, Eric Allen Johnston, president of the United States Chamber of Commerce, furnished Argentina new light on world affairs during his rush transit through Buenos Aires recently. He departed for Chile yesterday. Invited to tea by President Rat mon S. Castillo, Johnston remained over two hours with the busy Argentina chief executive and came away carrying a verbal message for President Roosevelt. Johnston is a capitalist and is not ashamed of it. In various public addresses, while he was being entertained by the Argentine committee of the Inter-American development commission, he plumped roundly for capitalism as the basis of post-war reconstruction. Argentine conservatives gloated. To them the war has only meant two alternatives. Either the status quo, achieved through ostrichlike neutrality and isolation, or dissolution by the vague bogy called communism in a world conquered by the allies. But what Johnston calls capitalism resembles what Argentine conservatives call capitalism as much as a Mississippi showboat resembles the Queen Mary. Calls on Labor Leaders
Profits of 6 or 7 per cent, with workers’ safeguards, social security, labor-management co-operation, etc.—that is what Johnston means.
.|The Argentines mean 40 per cent
per year and complete laissez faire such as was known to us just after the civil war. Johnson proved his point by personally calling on &” dozen labor union leaders and discussing with them labor-management relations while Argentine capitalists watched goggle-eyed and a trifle frightened. Allied . stock has risen with the tonic of Johnston’s visit. He personally proved that United States business is in the war to win. Not to negotiate peace. He proved also that United States business is not afraid of postwar planning but is planning a world of free enterprise —capitalism, Johnson called it. And the president of the U. S. Chamber of Commerce left one conclusion evident: Argentina must modernize its conception of capitalism.
Incorporations—
Gramling Feed Mills, Inc., 300 Old First Bank bldg., ‘Wayne; agent, T Schele, same address; 1000 shares without par value; D. W. McMillen Jr., George Thomas, Edward T. Schele. John Million, Inc.,, Tennessee corporation; change of resident agent to IL. R Hutto, 315 Main, Evansville. McClosky & Shaffer, Inc., Valparaiso; change of principal office and resident agent George O. Cowan, 315 Security Trust bldg., Indianapolis. Evansville Housing Corp. Evansville; Indiana Service Corp., Ft. Wayne; change of agent i Ww. Marshall Dale, 2101 Spy Run ave., Ft. Wayne. Hotel Alderman, Inc., Goshen; change of agent » a P. McCartney, 201 N. Main st., Gosh The Republic Machinery Co., Ohio corporation; withdrawal. The Rock Island Motor Transit Co., Iilinois corporation; amendmen Joseph Kesl Rental Equipment Co., Missouri corporation; amendment changing name to Rental Equipment Co. Rental Equinmen Co., Missouri corporaHionp filing of certified copy of amendment.
WASHINGTON, March 1 (U. P.).—Government expenses and receipts for the current fiscal year through Feb. 26, compared with a year ago:
Yea Last Yea 5a 253, 31, 723 $1. 690, 307 936 '917,009 12,463,005,583 5, 475,090,476 11,141,081,410 3,626,883,504 : 2,866,701,017 : Bal. 1,712,700 2,866,701,017 Pubic Debi; 118, 009,184,915 48,042,966,38 Gold Res.... 22,642, 721, 031 112,703,578,392 INDIANAPOLIS CLEARING HOUSE Sleatings
«Beauty travagance descriptiv Service.
CENTRAL CHAPEL @ IRVING HILL CHAPEL {linois at Tenth St. S577 it Wahingon 3 2002 West Michigan St.
ithout %= ’ 48 80 truly
¢ of Shirley
NERALS ® WEST CHAPEL
U. S. STATEMENT |8°%
TI Nat Dairy ..
British workers have been carrying abnormally heavy loads, during the past two and a half years at least. In addition to long working weeks—the minimum is now 52 hours here—most workers also have fire-watching duties at least one night every fortnight, also, many of them - have home guard drill and most do overtime in the factories. - The results of these long hours are beginning to show in increased illnesses. According to a wellknown doctor writing in the London Times, nine months work has been lost because of illness for every one day lost through strikes. Most illness can be traced to one or a combination of adverse conditions in factory, or home, insufficient sleep, ignorance of personal hygiene, or faulty dietetic habits. Fatigue is playing a large part in the increased illness rate. The ministry of labor doctors see on an average of 2500 cases monthly, of which 50 per cent are unfit, not suffering from any specific disease, but mostly overtired. Hence the ministry this year will urge workers to take much-needed rest over extra holidays.
BYRD GUNNING FOR FARM CREDIT PLAN
WASHINGTON, March 1 (U. P.). —The joint congressional economy committee headed by Senator Harry F. Byd (D. Va. plans to recommend abolition of the agriculture department’s new $225,000,000 farm lending program as unnecessary to the food production drive. Senator Kenneth S. Wherry (R. Neb.), who inspired the committee’s investigation of the program, said that such a move would be followed by introduction of a bill ‘to terminate the regional agriculture credit corporations. This corporation, which functioned in depression days to aid farmers, was ordered back into operation by Secretary of Agriculture Claude R. Wickard to provide production loans which he held were necessary to enable farmers to meet war food production goals. Country bankers and several senate members, however, declared that banks are able to provide more than ample credit to farmers. They contended that revival of this federal farm credit agency would break down the customary close relationship between country banks and farmers. '
N. Y. Stocks
High 1%
Net Last Change + % 3 1a Ye
Low Allegh Corp ... Allied Chem
18 + .. 139, ¥ ves+ 143% 54
iil:
Armour Ill Atchison 5 _| Atl Refininz ..
|
Cons Edison . Cons oCrn Prod .... Ds Curtiss-Wr A.. Dome Mines .. Douglas Airc...
Bay Indpls Pw&Lt.. ‘15% Int Harvester... 637% Int. Nickel .... 33% Int T&T 1 Johns-Man Kennecott Kresgee SS .... 21 Kroger G&B . L-O-F Glass ... Link Belt Nash-Kelv Nat Biscuit ... ! Nat Cash Reg. 227% . 16% N Y Central. . . 140 Ohio Oil 18%
Pan Amer Airw 27% & d.... 60
POEHLER HEL +e
OnE 2 pf.. Reo Mot vic... 8 Sears Roebuck. 65 Servel ‘Inc 12% So Por R sug. 24 South Ry pt. . 40% Sterl Drug .... 63 Studebaker .... 9% Sun Oil Sunshine Min . 5% Swift Intl
14] H+]
sl LH] 1
+110:
w Foums Sheet .. 347% Zenith Rad ... 256%
Complete New York
74 | Bubblfil. + |ing manufactured at the du Ponts’
Expanding air program calls for additional workers. Here are advanced women students working on wing section at Pullman plant, while studying construction in Chicago school board course.
To Be Better
Substitutes promise’ to prove more satisfactory than the originals. For some uses at least, there is every likelihood of their keeping their war-won jobs permanently, even against reviving competition which returning peace may bring. A substitute may or may not resemble closely the material for which it is taking over. The important thing is that it shall do the same job at least as well, and if possible do it better. It happens that one of the new flotation materials does closely resemble the stuff it replaces. This is milkweed .floss, subbing for kapok. Kapok is the downy floss that carries the seeds of the tropical tree of the same name, Some kapok.
‘trees grow in tropical America, but
most of them are in the Japaneseoccupied East Indies. :
Grow Milkweed
But we, have no end of milkweed, growing wild over vast areas in this country. Until recently it has never been cultivated, but it can easily be grown in fields if we want to.. It is a perennial, but grows easily from seed, and then bears its fluffy crop year after year.. Being a perennial, it has distinct value as a soil-hold-er, to combat erosion. : Most active in promoting the use of milkweed floss as a replacement for kapok is a Chicago physician, Dr. Boris Berkman, former director of the Pasteur Station in Moscow. He has been? experimenting with possible products from milkweed for several years, so that when the emergency arose he was ready to do something about it. Farmers were encouraged to grow the plant, and about a million pounds of the floss, worth $200,000, are being produced for the. U. S. navy from pods of this once neglected weed. One reason why milkweed did not cbme into its own any sooner was the high cost of separating the floss from the seed by hand. Dr. Berkman has designed machinery to
7 loosen the seed and winnow the
floss away with a current of air. This cuts the cost very materially.
Useful By-Products Promising by-products from the
+ new milkweed industry are fiber
and cellulose from stalks and leaves,
furfural from the pod shells, and
oil and stock feed from the seed. Bubbles have long captured the fancy of children (of all ages up to 95) by the way they float on top of the water. They would make ideal
: fillers for lifebelts if they could only
be made permanent. That is just what chemists of the great du Pont firm have done.
=| They have spun out continuous
strings of bubbles made of light,
4 | transparent cellulose plastic, which
have been given the trade name of The material is now be-
Tennessee plant. Tests already made show that the cellulose bubbles are fully as buoyant as kapok. The new product has been considered for life jackets
:|of the type used in the navy, for 7 | which kapok Las been used in the » past. Bubblfil has also been used 41in the air compartments of lifeboats |
and life rafts, and it is proposed for bridge pontoons. If these air compartments are punctured by bullets
»| or shell fragments, the tough, shin*%ling bubble masses will ‘keep the
craft afloat.
Plastic Bubbles | 1
Bubblfil is an excellent example of a substitute surpassing the orig-
i inal material in at least some prop-
erties, for tests: show that it loses buoyancy less rapidly than kapok upon prolonged immersion in water. That means that a life belt, on a pontoon that had been punctured,
stock quotations are carried daily in the final edition of The Times.
MILK PRICEIS $349 A price of $349 per hundredweight will be paid producers for
milk sold in the Marion county marj ng area in the 81s: halt O¢ Xe:
LOW-RENT OFFICES,
All outside, light modern rooms,
. $B up THE INDIANA TRUST BLDG.
: MA. 1441 Cor. Virginia Ave. and E. Wash. 8t.
Floating Substitutes Look
Than Originals|;
By DR. FRANK THONE Science Service Staff Writer Keeping afloat, these stormy days, has become a problem. Not just in the figurative sense, but literally afloat. in actual water. servers, rescue floats, life rafts and other kinds of floating gear must be produced in much greater volume now than ever before. At the same time there are war-caused shortages in the long-accepted standard materials, notably cork, kapok fiber and balsa wood.
Life pre-
would stay afloat much longer before it began to become waterlogged and in danger of sinking. The bubbles cannot be broken by squeezing, nor will they rupture at the extremely low pressures of high altitudes. remained intact when air pressure was reduced to that found at an altitude of over 50,000 feet. The transparent cellulose that forms the bubble walls is also quite stable at extreme temperatures. Heating above 200 degrees Fahrenheit for three days and chilling to 28 degrees below zero failed to break the bubbles. Bubbles of another material give high flotation value to a third product, known commercially as Foamglas, which is manufactured by the Pittsburgh Corning Corp.
Glass Bubbles
~ Poamglas is produced by firing ordinary glass which has been mixed with a small quantity of pure carbon. At the proper temperature the glass softens and the carbon turns into a gas, which then -acts upon the molten glass very much as baking powder does in raising biscuits, filling it with a mass of tiny bubbles. The foamy mass is then allowed to cool, and in its final state it becomes a stiff but spongy black substance, exceedingly light, and of course, capable of remaining afloat indefinitely because glass takes in no water at all and hence can never become water-logged. Foamglas can be sawed, shaped| and drilled with ordinary tools. If a block of it is hit with a bullet or other missle, the cells in the immediate path of destruction are, of course, wiped out, but the rest of | the structure is unaffected. Because of the large amounts of finely subdivided air which all three of these materials contain, they are all valuable for heat insulation in|m such things as refrigerator walls, the sides and roofs of houses, and around steam and: water pipes. Because they are very light, they can be used also for packing material in carrying vessels that help keep | 28°° their contents either cold or hot. Moreover, they will cushion the in-|¥ ner container against jars and jolts in transit.
DAILY PRICE INDEX
NEW YORK, March 1 (U. P.)— Pun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled by United Press (1930-32 average equals 100): Saturday . 171.30 Week ago .....evseseeees. Holiday Month 880 ....ccee0esenss.. 169.39 Year ago ........... esssseses 154.63|V 1943 High (Feb. 27) ...ces... 171.30 1943 Low (Jan. 2) ... 166.61
BUILDING OFF 62 PER CENT . WASHINGTON, March 1 (U. P.). —Building permit valuations in January were 62 per cent below the corresponding 1942 month, according to a report by Secretary of Labor Frances Perkins.
Udylite Corp. 1942 net profit $197,210 or 49 cents a common share Vs. $307,059 or 77 cents in 1941.
a little each’ week.
EASY PAYMENTS
No extra charge of any kind for credit Sayments. Price is same as
Luding
PTICA|
SER
In laboratory tests they | Sioa
Good— ' 500- 800 pounds ...
GLASSES on CREDIT
PAY AS YOU Don’t let shortage of ready cash keep you from getting glasses now. Modern 2 engraved “Gold Filled” mounting complete with “Perfect Vision” TORIC scientifically ground lemses, for FAR OR NEAR vision.
15-DAY APPROVAL Convince yourself by 15 days’ actual test, at our own risk. Perfect satisfaction guaranteed, or no cost. All lenses ground on prescription.
270- 300 pounds .. 300- 330 pounds ....s. 360- 4
360- 400 pounds Good 400- 450 pounds ....ee.. 450- 550 pounds ....eeee Medium— 150- 250 pounds [email protected] Slaughter Cattle & Calves Medium to good— 90- 120 pounds
CATTLE (1775) Slaughter Cattle & Calves Steers
Choice— 700- 900 1100-1300 pounds .... 1300-1500 pounds .... Good— 700- 900 900-1100 pounds
1100-1300 pounds .. 1300-1500 pounds ....
Medium—
700-1100 pounds 1100-1300 pounds
Common— 700-1100 pounds ......c.eesee
ssessnsceeny
een
lina 1 [email protected]
[email protected] «o. [email protected] . [email protected] 16.00616.50
RAS. covsves . [email protected]
essen
eee [email protected] . [email protected]
Choice— [email protected] . 3: .00@15. 2
oe. [email protected] ssesssseeee [email protected]
sesesnssncee [email protected]
Cows (all weights) 11. Se 13 50
Bulls (all weights) (Yearlings Excluded)
. [email protected] . [email protected] [email protected] [email protected]
Seeve secon esses osnse
Good all weights) ‘ceeaee Medium
CALVES (525)
Vealers (all weights) Good and choice [email protected] Common and Sim 13006814 30 Cull (75 lbs. [email protected]
Feeder & PD) as Cattle & Calves
Choice— - 13.500 14.50 . [email protected]
[email protected] [email protected]
$e00gsence esses enene
800-1050 pounds ... Medium— 500-1000 pounds Common— 500- 900 pounds Calves (steers) Good and Choice— 500 pounds down
Medium— 500 pounds down
Calves (heifers) Good and Choice— : 500 pounds down Medium 500 nds down [email protected] SHEEP AND LAMBS (625)
Ewes (shorn) Good and choice .....cccceiee Common and choice /...ccce0. Lambs
Good and choice ......... .- 187801038 Medium and good on lies
[email protected] [email protected]
vs essttessene
[email protected] [email protected]
Lambs (Shorn)
Good and choice ............. I BS13. 3 Medium and good [email protected] Common 12 00@14. 00
Yearling Wethers
Good and choles .c.oovu. a ... [email protected] 10. SOR: 2
CHICAGO LIVESTOCK
HOGS—Receipts, 16,000; fairly tive; generally ys top, $15.60; bulk \good and choice 180-330 pounds, $15. nar 2.56:
ost and choice 150-180 lbs., 15.50; lighter weight. usually $14.50 down; good 350-55 She 1bs. sows, [email protected], with a few choice kinds up to $15.40. Cattlo—Receipts, 14,000; calves, 1000; fed steers and yearlings steady to str good and choice grades ire. strictly choice ki very scarce; bulk, $14.50@ 1m top, $17.15; Dad on 1375-1b, avernext highes price, $17; sizable iE Tn $15.25@16. To heifers slow, steady; $13@15; cows ‘in line with late last k; good grade beef cows up to $13.50; $0.75 down; bulls slow, steady: ractical top weighty sausage offerings, 53 75, with Butside $14; vealers steady at 50; stock cattle scarce. Sheep—Receipts, 8000; fat lambs slow, early sales good to near. choice wooled offerings about steady at . $15. 50@16; choice lambs featuring slowness; best held $16.35 and above; double good to choice fed clipped lambs with No. 1 skins and fall howT $15.75; undertone steady on few sheep; yearlings scarce.
LOCAL PRODUCE
Heavy breed hens, 3% Ibs. and over, 26c; hens, 3% lbs. and under, 23c; Leghorn h 23c¢. Broilers, 2% bs. and over, colored, 26c: white and barred rock, 27¢; Leghorns, 22c. Roasters, 4 lbs. and over, colored, le white and barred rock, Stags: sa ome 21c; heavy breed, 22¢. Cocks, 1 Eggs—Current receipts, 54 lbs. and up
Graded Egge—Grade A, large, grade A, medium, 33c; grade A, small, 36: no Stace , 257% te1—No. 1, 48@48%%:c; No. 2, 46@ hhc; buttertat, No. 1, 46¢; 2, 43c. | (Prices on 1roduce er Ot Indianapolis quoted by Wadley Co.) —————————————————
WAGON WHEAT Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.53 per bushel for No. 2 red wheat (other grades on their merits). No..2 white oats, 56c, and No. 2 red oats, 56c; No. 3 yellow corn, aio La bushel, and No. 8 white corn, $1.0:
WEAR THEM
Pay a little down,
MILLIONS SAT ISFIED
The principals o firm- have milli
owned gas property,” the utility reported, “and acquisition costs and organization expense of $311,779 incurred during the seven-year period |1
5.151 prom 1935 to 1942 in acquisition of
the properties of Citizens Gas Co. and the Indianapolis Gas Co. was charged to prefit and loss.”
Gas sales for the year amounted to $3,779,185, nearly half a million dollars greater than the previous year, By product sales of coke amounted to $4,327,395 which is nearly $1,300,000 greater than in 1941. Coal tar and water gas tar, and ammounia sales increased $40,600 and $51,700 respectively. Total operating deductions. rose $1,125,000 to a total of $6,154,623. Fixed operating deductions and deductions from gross income amounted ‘to $792,799 and $501,117 while non-operating come was $12,859. Current assets (as of Dec. 31) were $2,717,956 while current liabilities and accrued liabilities were $282,414 and $204,398 respectively. The utility paid in lieu of taxes $50,000 to the city of Indianapolis and $40,000 to the school city. The utility also paid $109,429 taxes during the year in behalf of The In0 |dianapolis Gas Co. On June 1, $159,000 city of Indianapolis gas plant revenue bonds were retired, bringing the total retirement of such bonds to $594,000
gn
and leaving $7, 406,000 outstanding of the original $8,000,000 issue. On June this year an adidtional $166,000 of plant revenue bonds and $126,000 of gas utility revenue bonds fall due. oe
MOISE QUITS JOB AT WAR MATERIA
PITTSBURGH, March 1 (U, —Another stormy incident in the short strife-torn career of War Ma terials, Inc., was added to its hi tory teday with the resignation 0 B. C. Moise as president of the government's half billion scrap cojlection agency.
the Metals Reserve Co., a 5 i
of the Reconstruction Finance Corp. —thus brought to an end his week- - long dispute with war production.
board officials over scrap collecting bg
policy. (ot The executive, who a week ago threatened to resign unless WPB
gave the agency worthwhile scrap « y
recovery projects, submitted his resignation yesterday in response to a telegraphed request from Charles: B. Henderson, president of Metals Reserve Co.
THIS CURIOUS WORLD
N
NN
A
\ \
DOES NOT Lusky’ 77E Koay, AND LEMON JUICE DOESN'T 7/ANV/77/
By William Ferguson
Picture Framing |
Any Size—Made to Order Large Selection of Moldings
KRESGE'S -..isun Penn. at Wash.
OPEN
MONDAYS AND FRIDAYS UNTIL 9 P. M.
?
128 North Pennsylvania o LI-55613
SAXOPHONE : Instruction INDIANA MUSIC
115 E. Ohio St. — FF
29 E. OHIO S$
"You Save Because We Save § -Men’s Suits & Overcoats
‘167 18” 217 24”
CASE CLOTHES *
215 N. Senate Ave. Open 9 to 9
ree
‘WHILE THE REST OF THE TOWN SLEEPS HAAG’S ALL-NIGHT DRUG STORE
22d and Meridian IS OPEN
a
Same Fine Quality! Sane Prices!
MEN'S HATS $3.05 aid 5
a ,
of TORN SPOTS LEON TAILORING 235 Mass. Ave, “0 hirs
sin . 3 Y 2
USE YOUR CREDIT at SEI WIOSIKINS CLOTHING COMPANY
131 W. Washington St. Directly Opposite | Indiana Theater
ons of satisfied customers all over America. 124 Ww. WASHINGTON ST, 8
| WE Buy Diamonds
Clothing on C
~~ SEYMOUR 141 W. Washingt
HIGHEST CASH PRIGES ; * PAID
QM ¢ 0
| edo: Ig!
| INDIANA
-
1
a
ack
4