Indianapolis Times, Indianapolis, Marion County, 11 October 1944 — Page 21
“OFFERS STOCK
Electronic Laboratories to Sell 150,000 Shares Of Common.
‘Public offering was made today
of 150,000 shares of common stock of Electronic Laboratories, Inc, of Indianapolis, at $6 a share. "Proceeds from the sale of 100,000 shares will add $400,000 to the com-
Proceeds from the sale of the remaining 50,000 shares will go fo Norman R. Kevers, president, and William W. Garstang, vice president. Mr. Kevers will receive $108,000 for the 27,000 shares of the 108,000 he owned, while Mr. Garstang will receive $92,000 for the 23,000 of the 88,000 shares he owned, not including the 4000 owned with his wife, Increases Credit
The offering was made through Brailsford & Co. and Shillinglaw, Crowder & Cao. Inc, of Chicago, and associates. The company, Which owns one plant at 122 W. New York st, and leases two others, manufactures vibrator “power supplies, lighting equipment and radio communications nt. It had $131,186 net profit in 1941 on sales of $1,334,496; $74.190 profit on sales of $2,701,090 in 1942; $181,609 profit on sales of $7.268487 in 1943: and $74,366 net profit on sales of $2460461 in the first five months of this year. The sale will increase the credit available under the company’s “V” loan agreement with the American National Bank & Trust Co, of Chicago and the Indiana National jo of Indianapolis from $1,000,000 to $1,500.000. There will be 100,000 more shares of the $1 gar value common stock authorized but unissued.
GRAIN PRICES FIRM ON CHICAGO MARKET
CHICAGO, Oct. 11 (U. P). Grain futures firmed after’a mixed cpening on the board of trade today. ‘The government crop report issued after the market close yesterday exceeded expectations and indicated an all-time record. At 11 a. m. wheat was up % to %; com up % to %; oats up % to %: rye up % to 1%, and barley quoted off %& to up 4.
pl socuriies Gonlern. gs Indi a
in Son SE ean ss es - voniks «0 Tees
He 18%
106% |
Hook Drug © Home Tat mu Wayne 1% " pts Ind Asso Tel 3% phd, Ind Gen Serv Indpis : 3 L Lid. Ind P&
Indpls Railways Indpls Water Indpls Water Jeff Nat Lah
18% |
“19% | 1
“wn HB
108
P R Mallory 42% P R Mallory com *N-Ind Pub Serv $%.. ees. 1 Pub Serv Ind 5% as : Pub Berv of Ind com .. Progiess Laundry com Rose Gear & Tool com So Ind CG & : “8% 8t Bros bi
Units Union
108%, I™ TIL COM... ..ons 3 BONDS Winr'w RR R dodo American 2oun a3 Ameri Ch of © Citizens Ind Tel Sas el Consol Pin 8s wiih
Ind Asso Ter Co 3%e Indpls P & L 3%s 70 ... .... Indpls Railways Co 58 67 Indpis Water Co 3's 88 Kokomo Water Wks 3 8. Packl
|Amer Can ....
LOCAL PRODUCE
wn? breed hens, 22. Leghorn hens
1 liens, fryers and roaster, Ibs, white and barred : ored springers, 33¢. leghorn springers, 2lc. Old roosters, ide. Eg urrent receipts, 30¢c. Grade A large, 40c; grade A medium, 36c; grade A small, 36¢.. No grade, Butter—No. 1. 50c. Butterfat—No. 1 49c: No. 3. 3%
under § 25¢; col:
A Martin (Glenn) io
NATIONAL BANK
Packard AT INDIANAPOLIS
LOAN
o ON ANYTHING ¢ ‘Autos © Dianionds © Watches Jewelry ® Clothing ¢ Radios, ete. 3 GET CASH IMMEDIATELY
ILLINOIS and OHIO STS, Open to 7 P. M.—Sat. to 10 P. "n
‘lAm Tob B.. ..
By 5. BURTON HEATH ‘NEA Staff Cortespogdent : NEW YORK, Oct. 11.—A thorough face-lifting job is being planned|
Service Society to Hold Organization Meeting
Next Wednesday. Employees of the Indianapolis
Packaged Home Fuel Promised
PITTSBURGH, Oct. 11. (U. P.)— Production of a household fuel, suitable to be picked up trips and
the Blaw-Knox Co. as soon as a plant is built in Philadelphia for its manufacture. The new product will be known as “white glove” fuel, because its main features are cleanliness and adaptability to household use. It will be made of anthracite and bituminous fines, processed with an asphalt binder and mechanically pressed into cubes weighing slightly more than a each. Dimensions of each cube will be 3 by 3 inches. Blaw-Knox's announcement said the fuel can be burned without any change in furnaces or stoves, and will meet existing smoke abatement regulations.
STATE UTILITY FIRM NAMES HORSTMAN
Herman G. Horstman, assistant to G. J. Oglebay, vice president of the Public Service Co. of Indiana, has been appointed personnel director for the company, R. A. Gal-
Mr. imo the Indiana Water Utility asso- | ciation, is an officer of the Indiana {Gas association and is active in the
Succeeding Mr. Horstman in his | last capacity will be Paul McLeod,
{| company division manager at New io:
or all three—than competing transservices. They are just a few which have
8075 PORKERS
Unchanged With Top At $14.80.
: 3
ensssssessves 14.800 sanssessseses 14.90 vessssvssanee 16.50 ve . 1050
Ld s
-
Pr SEIENNEN
j | Tm
§ ¥
i
reassert Cevenestasane
14.08 a 14.08 csressevansan 14.05
sees esas antes 14.00014.08
Ll
l
{Castle. Mr. McLeod will be §uc-|goes—
ceeded by William A. Large, district manager of the company in *| Huntington,
ful, THe saiupdny Yas sopoiicd B13
|'T. Owen, district manager at i Rochester to replace Mr, Large. M.
le. Barr, district manager at
!
44 "| Lebanon, will transfer to Rochester.
He will be succeeded by Herman McRoberts as local manager of the company’s gas and electric business! in Lebanon.
"N. Y. Stocks
Net High Close Last Change Wis . 21% 12 15% 163% 68; 9's
An Loco 22 m Rad & § 8 12% An Roll Mill. , 15 Am T & TX...
“i
Am Water W., Anaconda Armour & Co.. Atchison Atl Refining Bald Loe
C4
Ben T-. Ches & Ohio... Childs rw. Cértiss-Wr . 8 Do Du nt or Sen Electric .v fils «...114
444+ +41 4
Goodyea anil Cp. 02% Int Harvester. 80
aa
FTF
3% Rackha Aircraft 22
Nat Biscuit... Nat Distillers .
N Y Central...
brik dh FLEE HE] LH
TEER gar
: i yee F
+
Servel In Boony. ya um 12% th Pi 0%
TE er HE]
ACQUIRE TWO FIRMS. - NEW YORK, Oct. 11 (U. P.).— {Gold Acquisition by Air Reduction Co.,
18.73 3% a
6
14.50: 16 1300-1500
11.235
Medium 700-1100 «1
1100-1300 Common "700-1100
14.50 14.50 [email protected]
Chelen 600- 800 800-1000
18.50 16.7%
«er 15.25
unds od 15.80
pounds
. 14.00915.25
600- 800 . «oo [email protected]
800-1000 Medium500- 900
pounds pounds .
. 10.50014.00 $.35@ 10.50
pounds ... Common. 500- 900 pounds
Beef Good (all weights)
“anes enn
iaraansnsec il [email protected] Good 500- 800 pounds ...c.cevevse. 10.00 800-1000 pounds ...seeecccecs 10.
Medium
Common
id (heifers)
Medium 500 pounds
SHEEP AND LAMBS (2000)
U. 8S. STATEMENT
. WASHINGTON, Oct. 11 t an
15,117,308,
Cash Ll SE JisE Reserve 20,
804,070,865
Clearings Debits ativan ve naar “as
‘SET EXCHANGE RATE
Seas sr arnt an
16,188,
_ LONDON, Oct. 11 (U. P).—The has announced the sign:
Not even the lowly, harassed commuter is being ignored. Pullman has announced a new “Threedex” commuter coach with 96 open=
cheaper, more comfortable, faster—
RECEIVED HERE
Trading Is Active, Prices
There were 8075 hogs received at
« 11.50018.75 | |
10.50 11.78
500-1000 POUNAS ..eveesereses [email protected]
[email protected] 9.00011.38|
TA. 50 in [email protected] 8.75@ 10.75
(U. P,).—Govd receipts for the through 9, as
erssvenss.$ 5,155,000 000
employees with 15 years or re continuous service with the aly. on Wednesday evening, Oct. 18, in the Riley room of the Claypool hotel. Approximately one-third of all the employees of the Indianapolis plant,
“Charles H. McCrea, president of the company, and vice presidents Walton IL. Woody, James A. Slater and Cleve H. Pomeroy, from the general office at Cleveland, and Stowell C. Wasson, former manager of the Indianapolis plant and now manager of both the Cicero and Meirose, Ill, plants will be guests at the dinner. i2M| The committee making pe ments for the dinner consists of ‘A. Three-tiered Pullmans, tested L. McColloum, chairman, Mrs. Izona by troops, will be used as low- M. Shirley, and Walter F. Wingen-
cost sleepers. roth.
NACO societies are being orprogressed so far that they can
ganized at each of the company’s be expected to appear soon after five plants and at the general office the war ends.
in Cleveland. DPC TO BUILD UNITS
CASS TO ADDRESS FOR PARK & TILFORD ENGINEERS SOCIETY WASHINGTON, Oct. 11 (U. P)—
Park & Tilford, Inc., has contracted
plan at a cost of $335,000, and at Louisville, Ky., for $250,000, the DPC antoday.
for $110,000 shipat West Lynn,
. Holiday By UNITED PRESS . All banks and leading security and commodity exchanges throwghout the nation will be closed tomorrow, Oct. 12, im observance of the Columbus day holiday. Livestock markets, and a few minor commodity markets will operate as usual. All Canadian markeis also will operate Thursday.
BAYNE ADDRESSES PLYMOUTH DEALERS
The obligation of the automobile dealer and his service department
{to the American motoring public
was- discussed by Joseph E. Bayne, Plymouth general sales manager, at a luncheon meeting of Plymouth dealers for the Indianapolis terri tory held today at the Antlers hotel. “In performing the service obligation in accordance with the highest traditional Plymouth standards will lie the fundamental basis for the direct competitive selling effort to follow,” said Mr. Bayne. Dealers also heard W. B. Rice, Plymouth director of service, who discussed the vital role of the dealer in aiding owners in the protection of their cars. Roy Blanchard of the advertising department, told of the way Chrysler Corp. had used newspaper advertising to carry regular messages on car care! to Plymouth owners. R. C. Somerville, staff executive, talked with dealers regarding organizational plans to improve service to owners in their communities.
RED CROSS AIDS G. |. SEND TERRIER HOME
KEENE, N. H. (U. P.).—~The pet Scotch terrier of Cpls Lawrence G. Stanton was sent home to spend the summer with the aid of the Red Cross, which arranged air and rail passage from Panama.
WAGON WHEAT Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.59 per bushel for No. 1 réd wheat (other grades on their mei} oats, No. 2 white or No. 2 red, testing 3 Ibs. or better, 64c; corm No. 2 the shelled, old crop. $1.09% per Wushel, and
NEETIN HERE
. The 31st annual - convention of
* to be held tomorrow and Friday at
State Association to Hold Annual Convention Tomorrow, Friday.
the Indiana Real Estate association,
the Columbia club, will feature an address by James E. Atkinson, Detroit, vice president of the National Association of Real Estate Boards at the annual banquet, tomorrow at 6:30 p. m. Mr. Atkinson's subject will be “What It Means to Be 8 Realtor.”
cludes m
the board of governors’
Post-War Planning” will be discussed by George A. Kuhn, chairman, and Paul IL. McCord, both of Indianapolis, and Albert H. Schaaf, Ft. Wayne, Special Program Set The Society of Residential Appraisers will put on a special program and Herman O. Walther, Chicago, will speak on “Market Values and Present Day Prices.” Participating in an appraisal panel forum will be T. Lorin Driscoll, moderator, and George T. Whelden, both of Indianapolis; Mr. Walther; O. W. Kattman, Evansville, and Milo FP. Vale, Gary. The first meeting on Friday will be held at 9:30 a. m. The subject, “What the Builders Are Planning,” will be discussed by Fred L. Palmer, chairman, and A. H. M. Graves, both of Indianapolis; Fred W. Keller, South Bend, and George A. Poag, Ft. Wayne. H. J. Fitzgerald, Evansville, chairman, will speak on “Interpreting the G. I. Bill”; Jack C. Carr, Indianapolis, will talk on “How to Get Listings,” and Bruce C. Savage: Indianapolis, will discuss “How to Justify Today's Prices.” The luncheon will be followed by the annual business meeting. New
The program for tmorrow in-|
eeting. At 2 p. m., “The Realtors’ Job in|
BUSINESS MEN AND : EDUCATORS CONFER
mittee of the National Assocls of Manufacturers and the N
association, the Ine diana State Chamber of Commerc and the Indiana State Teachers’ sociation. The conference is of of a series of such meetings b held in. cities: throughout the couns try to help develop closer undere standing and co-operation between business and educational groups. The conference will open with 8° luncheon at the Indianapolis I letic club, when speakers will C. O. Wanvig, president of Globe« Ucion, Inc, Milwaukee, Wis, and vice chairman of the N, A. M. edu cation committee, and Herman Wells, president of Indiana unie & versity. Informal round-table diss? cussions are scheduled for the afte” ernoon session.
POULTRY CLASS OFFERED Times Special : LAFAYETTE, Oct. 11. — Purdue university will offer an intensive short course in poultry production, Nov. 6 to 17, Dr. E. E. Schentzlety acting head of the poultry departe
No. 2 white shelled. old crop, $1.24%.
officers then will be elected.
ment, has announced.
sens ssesnseee 13.50014.00
cesssesrenane sii
saqity while you wait.
Back home, the headlines read—60 U.S. Planes Lost. The full news account may mention that 600 airmen were shot down with them. But nowhere will you find mention _about how many of those men landed alive and are now in enemy prison camps. There is no way of knowing. Actually, about 60 per cent of all American airmen shot down over enemy territory survive—as prisoners of war.
“That's why War Prisoners’ Aid was formed. It provides the wherewithal to buy for prisoners of war the things that will help them hold on to their sanity ‘during those empty = ugh ef afin Bovis. ngs, Alsi oxigen Mkoup
Some prison camps are devoted exclusively to airmen. But these camps are little different from the others. In all, the men behind the barbed wire live the same empty life. There Jenoxiag 9 do bs wale wale—atd uy 49 bobd on wo yous
———
Give generously to the
UNITED WA
In just 10 minutes they'll need your help
kits for amateur theatricals. Musical instruments.
It takes money to buy these things. More and more money as more and more of our men wind up in prison camps. The only way War Prisoners’ Aid can get that money is through your contribution to your local community drive. Your gift is also shared by war refugees, the U.S.0., Merchant Seamen, welfare services here at home. Give once for all these.