Indianapolis Times, Indianapolis, Marion County, 2 March 1944 — Page 12

Real Silk Hosiery Mills’ Profit Last| Year Was 17 Times Larger Than in *42|

2.90013.10 12 850 13.00 [email protected] 12.800 12.90

900-1100 pounds 5 1100-1300 pounds ... 1300-1300 pounds G

700+ "900 pounds 1200 71100 pounds . 1100-1300 pounds . 1300-1500 pounds .. edium— 700-1100 pounds -. .vv.a 1100-1300 pounds Common 700-1100 pounds

. 12.00@1 1 25014.25 [email protected]

Cholce— 600- 800 pounds 800-1000 pounds 00d:

[email protected] [email protected]

600- 800 pounds ...coceavevee 5.00 800-1000 pounds ... oand Bb 8015.25

Medium— 500- 900 pounds ...cieessnepe [email protected] : [email protected]

Common 500- 900 pounds

Bulls (sll weights) Beef Good (all weihgts) 11.00912.00 13 80911. 50 0.50

800 1078

vv 5d common .. Canner CALVES 625)

[email protected] . [email protected]

500-1000 pounds Medium 500- 900 pounds

Calves (heifers) Good and Choice

By ROGER BUDROW REAL SILK HOSIERY MILLS’ PROFIT last year was 17 times greater than in 1942. That spectacular increase has stirred much talk i in finan-’ cial circles, particularly in view of the fact that the company is $60 behind in “dividends on its preferred stock and hasn’t paid a dividend on its common stock in: is years. The local clothing manufacturing | firm set $600,000 aside last year for | taxes and $250,000 more as a re- | serve for the future and still wel ablé to show a net profit of $450,- UNCH I 285. In 1042, onet profit amount- | ed to only $26,208. 4 In that year wTop Remains at $12.05 as p taxes because it; iv at nemo in| 8800 Porkers Arrive previous years; ards. DN ar ans $30 | Stockyards | 0 away mn re-| Hog prices were unchanged at the serve for the fu-|, .. apolis stockyards today, the Jure. {office of distribution reported. In December last year, Real Silk | “myo to, was $1385 for good to paid a $4 dividend on its preferred. .p, ice 200 .to 225-pounders. Reand will pay $8.50 more March 9.|cefpts included 8800 hogs, 1075 catBut the preferred stockholders are jo go5 calves and 1275 sheep. There supposed to get $7 a year and if |... 1000 hogs held over from yesit isn't paid, the unpaid amount ¢. .qoy keeps accumulating. After - the March 9th payment, the preferred GOOD TO CHOICE HOGS (8800) stockholders will still have $60 com- | 130- 140 pounds ing. 180 pounds In the annual report, President G. | J30- 30- 300 Pounds ses A. Efroymson told stockholders that| 220- 240 pounds “our board of directors is con-| 240- 310 pounds tinually studying the preferred stock| 300situation with its accumulated divi-| 330- 360 pounds dends and will use its very best | 160- 220 pounds . Judgment regarding what should be| Packing Sows done in this matter.” { edd BR, holce= He also reported the company | 300- 330 pounds bought 971 shares of its own pre-| 338- 3% Pounds . ferred stock last year at any average | Good— price of §74.6¢ a share. The com- | a Mona: pany has scrapped a great many | Medium — full-fashioned hosiery machines 250- 300 pounds . | Slaughter Pigs that were, or were rapidly becoming, | peaium anda Good— obsolete, he said. “We feel that we| 250- 500 pounds shall want to increase our manu- CATTLE facturing facilities on __ hosiery, lingerie and other items after the war and this will probably call for large amounts of money.” » ” 8 - MOST PREFABRICATED houses will sell in a $2000 to $4000" price range after the war, an Architectural Forum poll of manufacturers shows. Contrary fo some rosy predictions, the prefabricators expect to sell fewer houses than they are turning out now (chiefly for government war-housing projects). Most houses will be of conventional design, but 23 per cent plan to offer modern designs. The plans of prefabricated housing manufacturers “add up not to ood the exaggerated promises and misty | = Me economies which typified the prog-| <°“'* ge Rl nostications of prefabricators in the |G Good [email protected] early 30s; but the hard-headed plans | M ~ Of practical businessmen who have ~ . the means and skill to carry them out. To begin with, they expect yealore all weights) only to nibble at the edges of the [300d te choice... huge 1,000,000-hduse-a-year-market | Cull (70 ibs. up) post-war home-building pie.” Feeder and Stanker C1 Cattle and Calves Provincial Transport Co. and sub- | “soo. 500 pounds + [email protected] sidiaries 1943 net profit $158,911 or | 800-1050 pounds . +++ [email protected] ~~ 83 cen share vs. $188,598 75] s00- 800 dS ..c.eesvesesl [email protected] cents a Te Vi meage or 200 205 -1050 ponds. seessnsecsses 10.50011.50 N800-1000 pounds ....eeeeeeee. [email protected] walt Li; 2 ah LCRA AN “in pounds GLORIOU Calves (steers) AEP DIAMOND RINGS ||cooe ane cuoen SIA9% EASY 143, * TERMS! IAA N NIACIN

500 pounds down [email protected] SHEEP AND LAMBS (1275)

Ewes (shorn) Good and choice Common and medium ........

50@ 8.50 8350 I»

+ 15.25@16 11.25@ 14. ki [email protected]

1 1000 J0BS OPEN IN [LOCAL WAR PLANTS

More than 7000 job openings in local war plants are available through the war manpower com-

LA Good and choles i | Medium and good Cominon

Featured Tonight on AT WAR’ Lyell Ludwig HOOSIER HOST” © Latest Eationing News

: We | far 3 “YOUR

the mons Stars on . Yay Song Parade

MISS RUTH KNAPP staff Consultant Emergency Day Care Service

5:30 P. M.

Sponsored by

| Maury G. Fadell, manager, said to-

day. Of this number 1275 jobs were i | calling for men and women to be , | trained after employment for such work as inspecting, assembling, laboratory and managerial jobs, machine trades and various crafts, for which no specific previous ex- | perience is required. Persons qualifying for the laboratory training, however, must have had complete high school or one year’s college work in chemistry or related science

DANS ===

Oldest Loan § Brokers in the State

Hot. a sh Sg 5 i

on on_Everything!

Diamonds, Watches

Musical Instruments, Cameras Clothing, Shotguns, Ete.

The CHICAG JEWELRY

« Ine. 146 E. E. WASHINGTON ST.

3-YEAR GUARANTEE and 3-YEAR STORAGE

MARILYN FUR CO. 29 E. OHIO ST,

BUSINESS EDUCATION

Strong Accountin , Bookkeeping Stenographic and Becrerarial courses

RE-WEAVING of MOTH OLS SNURNS or WORN §

LEON TAILORING Co. 235 MASS. AVE, 3! in the ie Miadle so

-farea during the last" quarter of

mission's U. 8S. employment service, |

“How the Meat

JO CIVILIANS

Gosssss |

[Lomb 8 mutton a Na oo ERNE"

ST —————

an meats

Pork L

[Coch » symbol stands for ttonds for 10 0 percent)

{war roo0 aominisTRATION

Find Downtown Realty Sales - Made at 28% of Valuation

The combined price of 10 recent downtown Indianapolis real estate sales represented 28 per cent of the assessed value of the properties, the Indianapolis Real Estate board's downtown committee ¥eported today in its second monthly survey. February sales had a greater dollar volume than in January, the committee said, but actual number, of deals was smaller. “Most signs still point to a continuation of the accelerated pace that began in the

but the details will not be announced until about April 1. ; “The receiver of a property on Illinois st. between New York and Vermont sts. negotiated a sale to a buyer who will occupy . the property when the present lease expires. : “Sale of a propérty on W. Washington st. between Missouri and West sts. was announced. 4 “A short-term lease was negotiated on a vacant storeroom on Delaware st. north of Washington st. “A sale was consummated for the property at the northeast corner of McCrea and Louisiana sts, across from the Union Station. “A manufacturing concern near the eastern boundary of our committee area aufuired another property. “Sale of an apartment house on Meridian st. between Michigan and North sts. was announced. “The lessee in a W. Washington st. property between Senate and Missouri aves, acquired the adjoining property.”

LOCAL ISSUES

Nominal quotations furnished by Indian. apolis securities dealers. Bid Asked Net | Agents Pin Corp com .. Last Change! Agents Fin Corp. pid 3; {Belt R Stk Yds com 1,{ Belt R Stk Fo Je pe Ya Bobbs-Merri 1 Bobbs- Merril Cen pd g | Circle Theater com ......... Comwith Loan 5% pfd sees Delta Elec com oe Hook Drug Co com Home T&T Ft Wa . {Ind & Mich Elec 7% pfd 7% | snd Asso Tel 5% Ya ‘ Ind Gen Serv % | Indpls P&L pid +. |Indpls P & L com % Ls Ye Ya Ys|P R Mallory 4%% pid a “PR Mallory com 4 %

1943,” the committee stated. The committee reported: “Real estate row on Delaware st. was expanded further through the acquisition of a vacant building just north of Ohio st. on Delaware st., by a concern in the real estate business. “A trucking company acquired a headquarters site, 200 feet by 200 feet, on West st. below South sk. New improvements will be added as soon as priorities are obtained. “A short-term lease taken on a large E. Washington * st. property with an automobile salesroom. This deal was precipitated by the death of the owner and the lessee will continue the business in the same location. “Owners of a property on Washington st. between Pennsylvania and Meridian sts. in the 100% retail district increased their holdings there by acquiring an adjoining property. “Another large deal with far reaching implications was consummated

"N.Y. Stocks

seeses

Low 38%, 8 ie sees BO . 42 ..101 1%

“hens

+1 ++

% A 1d ct... Bendix Avn van. Beth Steel .... Borden Borg-Warner , 3 Ches & Ohio ..

Chrysler Douglas Aire... Pont

Gen Elec Gen Foods ... Gen Motors ... rich . Goodyear - Greyhound Cp.. Int Harvester.. Kennecott

Lockheed Afrc. 's

LEE bhi:

tHE

Pub Serv of Ind 5%. Pub Serv of Ind com.

++:

Mont Ward Nash-Kelv ..., Nat Biscuit ... Nat Distillers. . NY Central ... Oh

++ 40

*s | Van Camp Milk ptd Van Camp Milk com

Kuhner Packing Co 4s 54 . “| Morris 8 & 10 Stores 5s 50.. Mule Water Works 5s . Ind Pub Serv Ain 73.. a N Ind Tel 4%

+1:

Phelps Dodge. . Procter & G. Pilar

I+: +:

Pure Repubite. 8tl.. Reyn Tob .B... Schenley Dist. 4 Sears Roebuck. . Socony-Vacuum South Pac .... Std Brands .... Std O Cal Std Oil (Ind). id Oil N J... Texas Co. .... 20th Cent- Fox.. Us Rubiier. « U 8 Steel.. Warner Bros | .

100 Richmond Water Wks Ss 87. +108 s| Trac Term Corp 5s 57 US Machine Corp 5s 62 *Ex-dividend.

s 4| NOTICE OF. CALL FEDERAL

FOR R

THD HE

43% 43%

LOCAL PRODUCH

Jy breed. nens, 23c; Leghorn hens, under-..§

FEDERAL FARM MORTGAGE CORPORATION, AND OTHERS CONCERN - Public notice is oy given that the Federal Farm Mortgage Corporation has! called for redemption on March 15, 1944, | all fits outstanding 3% per cent bonds of 1944-64 ey will cease to bear interest on that date. Unless previously sur- | rendered these bonds will be payable at! par upon presentation at any Federal Re-| serve bank or branch, or at the Treasury | Department, J ashingion, D. C, on-and| after March 15, 194

Broilers, fryers and roosters, s., 26c. Leghorn springers, 230. Old roosters, 16¢c.. 0 Bees-Currens receipts, 54 Iba. and up, Graded Eggs—Grade A large, 3lc; grade A medium;~30c; grade A small, 26¢c; no grade, 260, Butter—No. 1, 80s. Butterfat—No. 1, €9¢c; No. 2, 46e. ————————————————— WAGON WHEAT

Up to the close of the Chic market today, Indianapolis flour mills a

Public notice is Ho hereby given that the Pederal Farm Mortgage Corporation has called for redemption on May 15, 1044, all its euislending 3 per cent bonds: of 1944-49. They will cease to bear interest on that date. Unless previously surand grain| rendered these bonds will be payable at elevators paid $1.63 per bushel for No. 1|par upon presentation at any Federal red wheat (other Nr Taam on their merits). | reserve hank or branch, or at the Treas- | No. 2 walls ou d No. 3 red 3 bass, ury Department, Washington, D. C., on| IH Xl corn, $1.06 per|and after May 15, 1944. bushel, Od 3 white shelled corn, ye 2 The presentation surrender of bonds of these two issues will be governed by the provisions of Treasury Department Circular No. 666, dated July 21, 1 An offering of interest bearing obliga- | tions of the United States will. be made| available to holders of bonds of these two issues, concerning which public announcement will be made by the Secretary of the Treasury. March 2, 1944, FEDERAL FARM IORTIGACE ¢ RPORA

CO! By HARRIS EB WILLINGHAM, Executive .Vice President. GEORGE 'H. THOMAS, Secretary. Approved: H. MORGENTHAU JR., Secretary of the Treasury.

yelios Jello ow »

eee eee INDIANAPOLIS CLEARING HOUSE

Clearings $ 4,929,000 Debits 15,261,000

WHEAT PRICES HOLD STEADY AT CHICAGO

CHICAGO, March 2:(U., P).— Wheat futures held steady to firm and other grains turned narrowly

irregular on the Board, of Trade today. At 11 o'clock wheat was un-

| CLOSE-OUTS REDUCED!

A SAFE DEPOSIT

IS LOW-COST BOX INSURANCE 9 Different Sizes.

$3 to $100 a Year Member Federal Deposit Insurance Corp.

Security Trust Co.

E. Washington®

changed to up % cent a ‘bushel; oats off 3 to up %, and rye off s to up 1?

—————————— United Aircraft Products Inc. and subsidiaries fiscal year ended Nov. 30, net income $905,307 or $3.39 a common share vs. $727,917 or $2.70 previous fiscal year.

THIRD CHURCH OF CHRIST, SCIENTIST, INDIANAPOLIS Announces

A FREE LECTURE ON CHRISTIAN SCIENCE

Entitled CHRISTIAN SCIENCE: THE SCIENCE BY WHICH WE COME TO KNOW OUR TRUE SELVES By HERSCHEL P. L2.NUNN, C. S. B.

Member of the Board - eye of 57 Mother Church, The First Church of Christ, Scientist, in Boston, Massachusetts

in THE CHURCH EDIFICE

~ WASHINGTON BOULEVARD AND 34TH STREET

“3

Day and even sessi Line Fred w. Snehing | neipal, ola 833,

FRIDAY EVENING, MARCH 3 1944

Central Business

ARMY LISTS NEED OF STATE TOMATOES

George A. Turmail, field buyer for the army quartermaster corps, estimated today that the armed forces would require 8,000,000 cases of No. 2 tomatoes from Indiana's 1944 pack. Turmail said that requirements might go as high as 70 per cent of the 1944 pack. He estimated the 1944 need at 95,000 acres of -contracted tomatoes and 20,000 open acres. Requirements of 1944 commercial vegetables and methods of obtaining necessary acreage for processing were discussed at a meeting of representatives of the U. 8. department of agriculture war board, vegetable processors and army officials. L. M. Vogler, Indiana AAA chairman, said meetings were planned at Elwood March 9 and Marion March 10 to urge upon farmers the importance ‘of growing contracted tomato -acreage. He said other meetings would be held over the state on requirements for commercial vegetable acreage.

—————— ri Atlas Tack Corp. 1943 net profit $171,346 or $181 a share vs. $121,886 or $1.28 in 1942,

%*x 12 MONTHS TO PAY = ee Small carrying Sharge ¢ . BREAKFAST SETS tro 0 0 FIVE PIECES COMPLETE! wD EFRIGERATORS enamel fini . sin S30 Floor Samples Reduced! re 5 BASE RUGS ¢ ng wearing, fa BLL $4.95 9x12-FQOT SIZES! _ TILT BACK CHAIR nd oTroui $9 Both Comfortable Pieces! BABY CARRIAGES aay evas $Q-85 &iyles. Now enly

¢ NICE THROW RUG

[PUBLIC Service PROFITS HIGHER

State Utility Reports Its Expansion Program Nearly Done.

Publle Service Co. of Indiana today reported its profit last year was $2,883,220 compared with $2,704,546 for 1942. ‘The 1943 net was equivalent to $19.45 per share on the preferred stock and $1.93 on the common.

Electric revenues rose 9 per cent,|

gas revenues 14 per cent and water

revenues 5 per cent last year, President R. A. Gallagher told stockholders. The utility, which serves in 70 of the state's 92 counties, reported its construction program, begun in 1939, is nearing completion. Another 50,000 kilowatt addition to the Dresser generating station was placed in operation: a 317,500 kilowatt addition to the Edardsport generating station is expected to be in operation by June this year; and the expansion of the 132,000volt transmission system Nas completed. Another 50,000 kilowatt generating unit has been authorized for the Dresser generation station to be placed in service in 1945. On completion of this program, 187,500 kilowatts will have been added to the utility's generating capacity and the transmission system will have been expanded by the addition of 329 circuit miles of 132,000-volt lines and 237 circuit miles of 66,000-volt lines. In the past five years, construction expenditures amounted to $32 million while $11 million more will be spent on another construction,

8 NIT FRR IE HUTT

day net profit of $34.77 per preferred share and $2.22 per common

$5,216,226 sompared with $4,992,834 in+1942,

GRADE BALANCE HIGH-A record excess of U, 8, imports over

exports highlighted 1043 trade with |

Latin American countries, the gom merce department said today. Net

import balance was $524,634,000 or/|

42 per cent greater than the 1942 figure and 50 per cent above the average in world war I years.

HEADS BELLANCA-N. F. Vanderlipp, factory manager of the Columbus, O., Curtiss-Wright plant, was elected president of the Bellanca Aircraft Corp. yesterday. He succeeds Col. J.°H. Jouett, who resigned to devote more time to his dutiés as ‘executive vice president of Higgins Aircraft Co,

DAILY PRICE INDEX

NEW YORK, March 2 (U. P)—|t Dun & Bradstreet's daily weighted

price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday Week Ago . Month Ago Year

1944 High (Feb. 24) ........::172.49

1944 Low (Jan. 15)

~T. E. Branift, siseldent of Rana Airways, said today thet the four airlines slated to get priorities on delivery of DC-4 four engined transport planes when they become available lave °s vent}

destructive i mpetiive' over all other airlines.

{ing POS and found teat tay am *

airlines—Eastern, United, American

serve the other lines first, ; He said he was convinced that 3 DC-4 is the only four motored plane proven satisfactory for air, transport that will be available im-~ mediately after the war. It was also brought out that Douglas has

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