Indianapolis Times, Indianapolis, Marion County, 29 June 1943 — Page 19
SINESS
Eight Indiana War- Plants Praised For Helping Make M-7 Tank-Killer
out of Africa.
: It is a hybrid weapon, part dank and part heavy artillery. It was kept super-secret during its manufacture in this country and rushed to North Africa on a fast convoy. The headlines testify that it worked out as well as was hoped.
Instead of taking all the glory for the success.of the M-7, American Locomotive is sharing it with quite a few firms that made parts for the tank-killer and which, actually,
deserve much of|
the credit. Most of the tank-killer was built in Indiana and Massa~chusetts with concerns in Illinois, Michigan, Iowa, Kentucky, Louisiana a n d Maryland fur - , ® nishing parts also. Mr. Budrow American Locomotive depended upon the follow=ing Hoosier war plants: Prest-O-Lite Storage Battery of Indianapolis; Delco-Remy and Pierce Gov- * ernor of Anderson; Pullman-Stan-dard of Hammond; Metal Door & Trim Co. of La Porte; R. B. Mfg. Co. of Logansport; Bendix Aviation of South Bend and Highland Iron & Steel of Terre Haute.
American Locomotive, unlike some
large manufacturers, does not scorn the efforts of smaller sub-contrac-tors. department has run into a midnight problem and called a subcontractor out of his bed. Many a time that subcontractor or supplier has called his whole organization out at 1 o'clock in the morning and kept on the job through Sunday in order that production lines might keep moving here in Schnectady” where the main assembly plant is. “This widespread co-operation during wartime may have important: post-war results,
—small shops and manufacturers— are getting a technical education. They are learning how to handle new metals, learning new techniques, new production methods, how tp handle new machines, read blueprints and a hundred ‘of other manufacturing arts.” And Amerjean Locomotive has learned a few gtricks from these . suppliers, too. vwankee ingenuity is a grand thing to watch.” : g 2.8 WAR PUBLICITY about the skill, daring and specialized knowledge needed to fly a modern
bomber. or fighter plane may |. hamper the “flivver plane,” Cessna Aircraft Co. believes. If the public believes it takes a “superman” to handle a “hot” ship like the P-38, it may take quite a while to convince the pub- _ lic that ordinary persons can pilot flivver planes. Reason Cessna is worried about it: Cessna intends to manufacture family planes
after the war. ”
ODDS AND ENDS: OPA announced some time ago that it is illegal for an ice cream store to make a customer buy sherbet in order to get an equal amount of jce cream but just try to buy: only jee cream at some local places. . The WPB order that wood furniture styles be cut to about onethird of the lines now being made will hit the “luxury” lines most, manufacturers say. . This country is trying to borrow 150 grain-| vu harvesting combines and their crews from Canada. . . . A 40-by-40-foot “flight deck” will be added to
a liberty cargo ship to see if heli- | Medium—
copters can be used as sub-fighters on convoys; helicopters have been flown already from tankers. ... A national drive to get women to take essential jobs (clerking in stores, etc.) will be started in late
gue
BUSINESS DIRECTORY
Merchandise and Service
By ROGER BUDROW
4 “THANK-YOU NOTES” ARE BEING SENT OUT by American Locomotive Co. to the sub-contractors who furnished it parts for the famous and very effective M-7 “tank killer.” The tank killer, you may remember, was the secret weapon used by Gen. Montgomery in defeating Rommel at El Alamein and starting the retreat that knocked the axis
“Many a time our production}
Hundreds | of thousands of little businessmen |"
HOG PRICES SAG 15 T0-25 GENTS
Porkers Weighing 200-210 Lbs. Bring $13.60 Top; 13,500 Received.
Prices on hogs were 15 to 25 cents lower than yesterday's bulk sales at the Indianapolis stockyards today, the food distribution administration reported. The top for 200-210-pound porkers dropped to $13.60. Receipts included 13,500 hogs, 1025 cattle, 675 calves and 800 sheep.
HOGS (13,500) [email protected] 12.506 13.40 [email protected] [email protected]
oes 13. 3B5@13. 40 Medium— 160- 220 pounds Packing Sows Good to choice—
32 33213 00 ie [email protected] .330~ 360 pounds. ... Ty [email protected] 60- 400 pounds ... «oo [email protected] i : ;
400- 450 POUNAS .......v..... [email protected] 450- 500 pounds ...... asus [email protected] Medium— 250- 550 pounds
Slaughter Pigs
Medium and Gpod— 90- 120 Pounds
' CATTLE (1025)
Chel Steers ofc ! 700- 0 pounds §00-1100 pounds 1100-1300 pounds 1300-1500 pounds Good— : 700- 200 pounds 900-1100: pounds 1100-1300 pounds 1300-1500 pounds Medium— 700-1100 pounds .. 1100-1300 pounds Common— 700-1100 pounds”
[email protected] [email protected] 15.50 @ 16.50 [email protected]
. [email protected] 13. B0@14. 50
Cholee— 600- 800 pounds 800-1000 pounds Good— 600- 800 pounds
800-1000 pounds Medium—
[email protected] [email protected]
14. [email protected] [email protected] |
500- 900 pounds [email protected]
Common. 800- 900 pounds . [email protected] Cows (all weights) [email protected] . [email protected] [email protected] 1.75@ 9.00
essed
Cutter and common
Bulls (all weights) (Yearlings Excluded)
[email protected] 13. 00013. 50 11.00@13
Beef— Good i d 1 ights) ood (all weights Meditim [email protected] CALVES (675)
Vealers (all weights)
Good to choice [email protected] Common and medium [email protected] Cull (75 lbs. up) [email protected]
Feeder and Stocker Cattle and Calves
Choice! 500- 8.. pounds 800-1050 pounds ... Good—
500- 800 pounds ....... 800-1050 pounds ...
Medium— 500-1000 pounds .
Common— §00- 900 pounds
Calves (steers)
Good and Choice— 500 pounds down
14, R218 6 . [email protected]
sees
sesene 14.00 . 13.7%
14.76 14.50
4000000000000 12. [email protected] [email protected]
Medium— 600 pounds down ..... Saweane [email protected] Calves (heifers)
Good and Choice—
500 pounds down . oes [email protected]
500 pounds down SHEEP AND LAMBS (800) Ewes (shorm)
Good and choice Common and choice
Spring Lambs
Good and choice Medium and ‘good Common
Lux Laundry
for Better Service
Phone BR. 5461
5-Stores-In-1 ® PIANOS, ORGANS ® BAND INSTRUMENTS ® ELECTRICAL APPLIANCES ® FURNITURE, 3 FLOORS » RECORDS, RADIOS
Pardons
120 N. Pennsylvania ¢@ LI-5518
You Save Because We Save Men's Suits & Overcoats
$ 16® 518” 91% 594"
CASE CLOTHES
215 N. Senate Ave. Open 9 to 9
| nemmaneume
of sory OLE OE URNT
~ LEON "TAILORING CO.
235 Mass Ave. i. riot aloes! ———— |
Johns-Man .... 86
3.00 | Proctor & G ..
13.00 { Ind & Mich Elec 7% pfd
‘| Indpls Water dass A fom ee
'SWINDLED ALLY
Allegedly Sent Defective Cartridges to Soviets,
‘Doctored’ Tests.
NEW YORK, June 29 (U. P.).— Four operators of a Hicksville, N. Y., ammunition reloading plant, who allegedly defrauded the govern-
ments of Russia, China and France were indicted yesterday by a federal grand jury. "It was alleged that the defendants contracted to deliver 2,000,000 rounds of 45-caliber re-load cartridges to Russia at the time of the German invasion. They allegedly used primers manufactured in 1898 to 1903, bullet cases that were. split and corroded, and “doctored” a firing demonstration so the Soviet inspector would approve the sale.
Previously, they allegedly contracted to manufacture and deliver 3,720,000 rounds of the same caliber bullets to the Chinese and French governments. This consignment never was delivered. Instead it went to Russia where one-third of the lot was “defective and dangerous to fire.”
Liable to 15-Year Term
The indi¢tment provides a maximum punishment for each defendant of 15 years prison term and a fine of $3000. The defendants are: Nathan Silverman, 45, of Cedarhurst, N. Y. president, who, in 1938, was acquitted of conspiracy to obstruct an. investigation conducted by the house military affairs committee; Mor Saraga, 41, the Bronx, manager, who received a suspended sentence in 1937 for concealing assets in a bankruptcy claim; Gerard Mosiello, 36, New York City, a financial backer, who had been convicted in 1924 for burglarly, and Anthony Mosiello, 37, his brother, who helped manage the plant. All the defendants except Silverman were arraigned yesterday. No date was set for trial.
N. Y. Stocks Net a u
Ya
3,
Ya
Am co Am R; Am Am Am
Anaconda Armour Ill .... Atchison Atl Refining .. Balt &. Ohio ... Beth Steel .... Borden Borg-Warner .. Bdgpt Brass .. Ches & Ohio .. Chrysler . Comw & So a Cons Ediso 21% Cons valt Paire 174 Corn Prod .... 7% Curtiss-Wr A. .Dome Mines .. Elec Auto=L~‘ ..
FHI EEL Es:
Lie
lid:
Kennecott
Monsanto Nash-Kelv : Nat Biscuit .. ig Dairy Y Central ..
Lida:
Pan Am Air . Penney . Penn R R Phelps Dodge ..
Ra Re S ve Sears Roebuck .
LELTRLIE +0:
St Std Oil N J Studebaker Swift & Co Texas Co
e saa Timken R B .. 49 Un Hoi Lines .
US 8 1d Alo oe 31 U 8 Rubber ... 4 U 8 Steel West Union ... Westing El . Yoolwarth ius Yellow Tr ..... 1 ‘Youn, Sheet . Zenith Rad .
I+:
FIEHI+0:
33%
LOCAL ISSUES
Nominal quotations rurnished by anapolis securities dealers. Bid
Agen Co “Belt R St com *Belt R Stk Yds 6% pid Bobbs-Merrill com . Rohe Merril 14% pid .
13 *Home T&T Ft Wayne 7% pra, 51% serail Ind Asso Tel 5% pfd
Indpls Rlwys Inc com *Indpls Water pf
Lincoln Loan Co 5% Lincoln Nat Life Ins Pom ae *N Ind
8% *N Ind Pub Sérv 7% pd. . P R Mallory com Progress Laundry Pub Serv of Ind 3% Pld Pub Serv of d ec .e & BE 4.8 ord resesins .
So Ind G & *Stokely Bros pr pfc .eeceeee United Tel Co Co % “es Unjon Title com . . Van Camp Milk pid’ ve Van Camp Milk com ........ Bonds
Algers Wins'w W RB 4 4%%... 3 American Loan 85s § American Loan bs o.
fan 108 Wwe 109% 80 “110 101 101 108 84 | 104
Kuhner Packing Co 4%s 49 ... Morris 5&10 Stores 5s 50 . Mupeie Water Works 5s 66. . Ind Pub Serv 3%s 69 . N Ind Tel 4%s 55
1.5. OURS S|
4 the war. s| power and ability to come back shave been its best qualities. ® | limitation is altitude—it does best 3: at lower altitudes.
ready to put on a job.
If a worker is absent from his job too often in the D. W. Onan plant at Minneapolis, Minn., fellow workers rig up this dummy, with appropriate signs, to sit in at his bench. Here they are getting it
..||S NEW FIGHTER PLANE COMING?
Arnold Hints Secret Ship In Addition to 5 Now ‘Being Produced.
WASHINGTON, June 29 (U. P). —Testimony by Gen. Henry H. Arnold before the senate appropriations committee on the war depart-
ment appropriation bill suggested today the possibjlity that the United States is producing a fighter plane as yet not publicly announced. This suggestion came when the commanding general of the army air forces said the army was cutting its pursuit types from six to four. . Army fighters known in production number five—the Lockheed P-38 Lightning, the Bell P-39 Aira-
"4 !cobra, the Curtiss P-40 Warhawk, /s| the ‘Republic P-47 Thunderbolt and
the North American P-51 Mustang.
s| All have been in action,
Army Won't Talk But the army would not say what
'% [the sixth fighter was that Arnold
referred to, which indicated there may have been a secret fighter.
*| Moreover it would not say which -.. lof the four fighter types would sur-
vive. ' All of the planes have their own
: particular valuable qualities. The
P-40 was the first on the scene with
'»| quantity production and won laurels
in virtually every war theater—even from the British in the Middle East before the United States entered Its stamina and hitting
Its
Russians Praise Airacobra The Airacobra is likewise consid-
al ered a low-altitude fighter with spe-
cial heavy-hitting qualities. Its
4/37.mm. cannon in the nose, along
with machine guns, rendered it a highly dangerous adversary. It has been used on both sides of the Atlantic and the Pacific, and won praise from the Russians. The Lockheed Lightning was the first high-altitude fighter the Amer-
z|icans put into action. Its twin mo-
tors give it added stamina and
e range, rendering it capable of e¢s-
corting bombers on most missions. It has not performed in Britain yet, where there has been a demand for its presence to escort American daylight bombers.
Mustang Made for British
The Mustang was developed for British requirements as an army c0operation plane. With its present motor, it is considered a medium altitude performer, and its aerodynamical qualities have been considered exceptional. The Thunderbolt is supercharged for altitudes up to 40,000 feet and is an exceptionally heavy hitter. It is the only one of the five powered by air-cooled engines. It has given an excellent account of itself in
Nu performances to date.
Don't Expect Any Wage. Increases
Smaller paychecks and thinner pay envelopes resulting from the pay-as-you-go income tax, which becomes effective Thursday with employers withholding 20 per cent of workers’ earnings above a fixed level of exémptions, will not be
recognized as a basis for granting a wage or salary increase. This was the effect of a resolu-
IN BRIEF—
Go-operation of businessmen to eliminate unauthorized federal agencies’ questionnaires was asked yesterday by the budget bureau’s advisory committee on government questionnaires. to “exercise more caution about those forms they suspect.” ” ” 2
Victory at the earliest possible date is the only product that the American people have to merohandise, President Roosevelt said yesterday in a message to the 39th annual meeting of the Advertising Federation of America held in New York. 8 #
Howard Jones, vice president in charge of production for the White Motor Co. died at his home in Cleveland Sunday. He was 47, and one of the nation’s top automotive production executives. #2 = 2
The treasury department has issued a call upon government depositories holding balances of $300,000 or more, for a total of $628,600,000. Deposits are to be made to the government's credit in the federal reserve banks in equal installments on July 1, 2 and 3. ’ ¥ #, 8
The machine tool industry, having “tooled up” the nation’s war plants to top capacity, anticipates a marked decline in production by the énd of the year, a survey by the Federal Reserve bank of Chicago showed today. 2 ” ”
Payrolls and earnings of manufacturing industries rose in April to new peak levels, primarily reflecting the extension of the work week which was the longest for any month since May, 1930, the National Industrial Conference board said today.
” ” ”
Directors of Republic Aviation Corp. have voted to retire 25 per cent of the company’s second pre= ferred stock on July 1, leaving 150,000 shares of the stock outstanding. ” ” n
Prime contracts valued at $750,000,000 have been received by 4100 firms through the efforts of the Smaller War Plants Corp., according to a report by the agency to War Production Chairman Donald M: Nelson. Subcontracts with an aggregate value of $251,000,000 have been awarded to 4200 other small firms.
Half-day vacations granted each week to employees of retail stores, wholesale and service establishments without any reduction in pay were approved yesterday by the regional war labor board in Chicago. Such vacations were brought within the wage stabilization program by a resolution adopted by the board.
U. S. STATEMENT
WASHINGTON, June 29 (U. P.).—Government expenses and receipts for the current fiscal year through June 26 compared with a year age:
oy Last Year Expenses ....$76,867, aed. 110 2 303, 348, ju War spending ml, 014,7 161, Receipts 21,625,1 try Fr Net deficit . 55,239,292,400 Cash balance. 9,507,430,206 Working bal... 8.74 4.761.837 Public debt ..140,028,181,766 Gold resérve . 22,387,361,885
9 2,375,888,750 78,560,508,338 22,735,221,339
INDIANAPOLIS CLEARING HOUSE
They were urged
0. K. VACATION POLICY|
FORD SURPLUS UP 10 MILLION
$623,573,391 Is Highest in 11 Years, 1942 Balance Sheet Shows.
BOSTON, June 29 (U. P.).—The Ford Motor Co., reporting its highest surplus in 11 years, increased its surplus $10,894,860 during 1942— the first year of full-scale war production—according .to its balance sheet filed yesterday with the Massachusetts state tax commissioner. Total surplus at the end of 1942 was $623,573,391 as compared with $612,678,531 in 1941, $607,628,389 in 1940 and $601,239,506 in 1939. Filed only in Massachusetts, the annual certificates of condition is the first indication of the company’s operating results for the year. Ford publishes no income account and no information is available concerning dividend payments since the corporation's stock is owned wholly by the family.
Reserves Rise 4 Million For the first time in many years,
Henry Ford's name appeared on|
the certificate as president of the corporation. It replaced that of his son Edsel who died recently and whom he succeeded as president. Assets— Real estate $130,378,907 against
.| $143,924,799 in 1941.
Machinery and equipment, $180,552,813 against $200,609,862. Merchandise and supplies, $110,959,161 against $142,748,017. Prepaid insurance, taxes, $542,934 against $796,761, Notes and accounts receivable, cash stocks, bonds, securities and patent rights, $380,646,061 against $230,580,918. : Total assets, $813,079,878 against $718,660,356. Liabilities— Capital stock, $17,264,500 against $17,264,500 in 1941. Accounts payable, $148263,890 against $68,890,405. Reserves, $23,978,096 agaiust $19,736.919, Surplus, $623,573,391 against $612,678,531. Total liabilities, against $718,660,356.
STATE UTILITY ASKS BOND ISSUE PERMIT
PHILADELPHIA, June 29 (U. P.). —A Northern Indiana Public Service, Co. application for exemption from certain provisions of the public utility holding company act was on file here today with the securities and exchange commission. Northern Indiana is a subsidiary of Huge M. Morris, trustee of the estate of Midland United Co. Its application also asked for permission to issue and sell $45,000,000 principal amount, Aug. 1, 1943, series D, first mortgage bonds, due in 1973. Proceeds of the sale would be diverted to redemption of its series A 33% per cent first mortgage bonds, due Aug. 1, 1969.
ete.,
$813,079,878
PREFERRED STOCK RETIRED CHICAGO, June 29 (U. P.).—The Rudolph Wurlitzer Co. announced that all preferred stock in the com-
ooo | pany would be retired October 1.
YOU -
|
CHEMICAL 1 HINT CARTEL DRIVE
Clark Determined to Smash
WASHINGTON, June 29 Tom C. Clark, director of the
The latest attack upon yesterday when a New York C
subsidiary of National Lead, charges of conspiring with the major chemical companies of the world to monopolize the manufacture of titanium compounds, maintain high competitive prices, and divide world markets. :
a new cartel section in his division and named as its chief, Herbert A. Berman, former head of the division office at Newark. vital Substance Involved
“Because they,view war as an interlude,” Clark said, “cartels take advantage of the exigencies of war to entrench firmly their domination of world industry. Unless they are prevented from strengthening their grip on technology and industry, it will be ‘too little and too late’ to
* |nullify their activities when victory
is won. Failure to eliminate cartel control of the world economy may well lose the peace, for if they will help create world-wide unemployment and foster post-war depression.” Involved in the case covered by yesterday's indictment was a vital substance in the manufacture of paints, glass and rubber. The chemical inertness of titanium when used in battleship paint protects the coating against the elements,
Industry 2 Years Old
Although the industry is only two decades old, over 100,000 tons of pure titanium dioxide, having - a value exceeding $40,000,000, are manufactured annually in this country alone. National produces 50 per cent ahd du Pont 45 per cent of the total American output. The world markets were divided with such firms as I. G. Farbenindustrie, powerful German dye trust; Imperial Chemical industries of Great Britain, Montecatini of Italy and Kokusan Kogyo Kaibushki Kaisha of Japan.
Threaten Patent Suits
The American Zirconium Co, Baltimore, Md., and the Virginia Chemical Co., South River, Va, sought to break into the domestic market for the compounds, but were threatened with patent infringements suits and forced, the indictment said, to agree to manufacture the compounds under licenses which restricted them to 9000 tons each a year. In the division of world markets, the defendants were assigned domestic United States exclusively and participation with a Farben subsidiary in the South American market, each company being assigned certain customers. When Europe became embroiled in war in 1939 and the German member of the agreement was unable to serve its South American customers, National Lead took over this business under an agreement to pay the German firm the profits received. This agreement was cancelled immediately after Pearl Harbor.
FURNITURE DEALERS SEE REDUCED STOCK
CHICAGO, June 29 (U, P.). — market are convinced that they face an indefinite period of inadequate stocks. Market analysts, citing purchases of available offerings, believe retail dealers will have a 1943 dollar volume of between 50 and 60 per cent of last year’s boom trade. Most of the purchases at the market last week were, from the standpoint of inventory value, unbalanced, because of bedding and upholstered furniture shortages.
Free Enterprise in Post-War World’; 4 Firms ‘Indicted for ‘World Conspiracy.’
division, is determined to smash every business cartel im order to provide free enterprise in the post-war world.
National Lead Co., E. I. du Pont de Nemours & Co., Inc., &
Simultaneously, Clark established
Furniture dealers at the summer |34c.
CHARGES
System in Order to Provide.
(U. P.) .—Assistant Atty. Geny justice department anti-trust
the cartel system was made ity federal grand jury indicted:
and four of their officers on:
LEAD. FIRM HEAD DEFENDS POLICY:
Says Company Always Filled U. S. Orders; Points -
To Research.
NEW YORK, June 29 (U. P.).—= - American business may be driven, by the constant badgering of governe ment agencies to adopt a “come - pletely anti-international and firme tly isolationist” policy in sheer self protection, F, W. Rockwell, presie dent of National Lead Co., said yes.’ terday following indictment of the: company by the federal government, “This is not the tine or the place: to reply to these charges,” Rocke well declared. “We will be heard . before an impartial court. Buk’ the public is entitled to know somes thing about the industry which is. affected.”
Made New Products Available
The company’s pre-war research: and development, he. asserted, hag made available new titanium prods ucts that otherwise would not be available. The company has at all - times filled all government orders, and under a directive from the: OPM made available to all pros. ducers of titanium pigments the’ right. to participate in national: lead developments in that fleld. Rockwell declared that if Amerie can business is to play any par§ in the post-war world reconstruce. tion, it must have now from the.® public and the government “a: directive ... . on how they wan international trade conducted.”
“Must Exchange Ideas” :
If the American businessman ig. forced to go anti-international and isolationist we all lose, he warned,’ Post-war prosperity, he added, des - pends on a world-wide exchange of business ideas, inventions and hue man ingenuity. ; Rockwell eniphasized that the, company now has been indicted for: aggions uncer business contracts‘ - entered into as far back as 1020 and that these contracts had héld * a great wartime advantage for the United States.
GRAIN FUTURES OFF - ON BOARD OF TRADE:
CHICAGO, June 29 (U, P.).—='+ Grain futures developed an easiep’*® trend on the Board of Trade taste day. At the end of the first hour wheat. was off % to % cent a bushel, oats: off 1% to %, and rye off 3% to 1 cent, © All markets declined sharply ag* the opening following overnight Ale : nouncements of the resignation of Chester C. Davis as food adminige : wi trator.
LOCAL PRODUCE
id breed hens. 24lac; Leghorn heng, oilers. lbs., 27%ec. Old roosters, 16c. HE Eggs—Current receipts, 54 lbs. and up,
Graded FegcmCrane A large, 38¢c; jodie A medium, 36¢; grade A small, 2 grade, 32c. gl 50c. 49¢c; No. 2, 4
I RO RISES : a Ra i 3 & #
fryers and roasters, under §
oy Butterfat—No. i 1%
WAGON WHEAT Up to the close of the Chicago mark £35 today, 1ndisnapolia flour mills and Bb elevators paid $1.45 per bushel for fs red wheat (other grades ¢ on their Bo SE] No. 2 hte oats, and No. 2 12g ot outs, s0c ellow shelled corn per: iy or oc 2 white shelled Ban ie
Peerless Cement Corp. — March. ee quarter, net loss $10,200 vs. "2c, year ago. 5
Small, speedy, tough and rugged, . . the JEEP. . .geferred to as the
war theaters . ice in the Aleutians . . . and skipping the desert sands of Africa.
The PT BOAT is a small plywood
its blow and speed off to safety.
Travel Fackions 1943
. that's ‘“‘motorized mustang of the Army.” It’s a versatile vehicle, capable of crashing through jungles in Pacific . plowing through snow and
TANKS are lumbering, heavily-armored and terrifying engines of destruction. Equipped with cannon and ma. chine guns, they also have the ability to crash thr seemingly insurmountable obstacles. Can take a lot of punishment. Tank tracks are most vulnerable spot.
powered by three Packard Marine motors. Roars over the water as fast as a car on the highway. Armed with four torpedo tubes and four machine guns, it's designed to streak into battle . .
across (3 -
speedboat
. strike
Pub Serv of Ind 3%s 73 Pub Tel 46s 55 Richmond Water Wks 8s ‘81.. oes Term Corp CU. 8. Machine Corp. 5s 53.... 9 Ex-divid end.
De Vilbiss Co.—1942 ‘net income, $442,622 or $4.13 a common share.
are hearing a lot of talk these days about the
GUARANTEED new Indiana Financial Responsibility Law.
/V 1/2 T
Vy ae TR TEP A
Rite
- SHOP
AND SAVE
AT (m
P-38 is a twin-engined pursuit plane, nicknamed “Lightning’'’ by U. S. Army Air Corps and Royal Air Force fliers. Hurtles through space at top speed of 400 m.p.h. Normal cruising speed is 350 m.p.h. Armament includes four 50-calibre machine guns and one 37-mm. cannon.
101 | tion adopted unanimously today by. the regional war labor board in Chicago, which has jurisdiction in Illinois, Indiana, Wisconsin, Minnesota, North Dakota and South Dakota.
‘SAXOPHONE $l 25 Instruction per
Lesson
INDIANA MUSIC CO.
115 E. Ohio St.—FR-1184 Be
SJ
SUBMARINE service is a popular branch of the Navy. Sub duty requires high type of personnel with specialized training. Sub’s chief armament is the torpedo. Big subs can carry 20 of the, socalled “fish.” Torpedoes, with delicate mech. anism, cost about $8,000 each. Few are wasted!
. ‘The Law is aimed at the reckless and irresponsible driver—for the protection of the careful, prudent driver.
wie id Ay
CRI) ILL.
Sensational
Values! Fresh, Timely. Merchandise for Car, Home and Outdoors. EASY TERMS
For full particulars—how to meet the requirements of the Law — and without obligation —
' Phone WA-2456 Grain Dealers Mutual Agency
INCORPORATED 1740 N. Meridian St.
We Bay: Usable Wire Garment
i Hangers at 10c per bundle of 10, ] “6 All Over Indianapolis | Hi
BEE [= |
Bonds of the United States Government, Its Territories and Insular Possessions
BUSES — Constructed for peacetime travel are doing a wartime job. Many of the state's essential war industries are located in Indiana towns and cities sbrved by our buses. Many military people, war workers and civilians depend daily upon our buses for Safe, Frequent, Dependable, and Economical transportation service.
Municipal and Corporate Securities
1G VION Real Estate Bonds and Preferred Stocks
Indianapolis Bond and Share Corp.
BUY U. 8. WAR BONDS AND STAMPS
es STORAGE Rankin. 2681, $ 0
tor Bondbd Messenger
TRY A WANT AD IN THE TIMES. IT WILL GET QUICK RESULTS.’
Indianapolis
Indiana Railroad Indiana Motor Bus (eo