Indianapolis Times, Indianapolis, Marion County, 4 April 1945 — Page 7
WEDNESDAY, APRIL 4 1045
Cr
Srey yn
Jusiness
Liberty Bonds Furnish Little Clue Where War Bond Pay-Off Money |
By ROGER BUDROW
SOME $181 MILLION IN .BABY BONDS<foreruriner ~ to war bonds—will be paid off betwgen n 10W’ ‘and Christmas.
1000 PORKERS RECEIVED HERE
Top Price Remains at U. S. Ceiling of $14.80.
The war food administration reported that the Indianapolis stock yards today received 7200 hogs.
The treasury, of course; hopes the people who bought, these first small bonds back in March, 19385, will re-
invest the money .in war bonds. What
done when the war, “bonds now befng bought are paid off. You might| think that the history of Liberty
as_*to Go
eight government-owned nitrogen
needs disappear. It agreed also
nitrates industry. ~ » »
THE DEPARTMENT'S
The state department revealed yesterday that it had assured Chile that this government would get out of the synthetic nitrogen business when war
Chile on the way the multi-million dollar nitrogen plants are sold to private industry. The department said the agreement, the recent Mexico City conference, was intended to prevent serious dislocation of Chile's important
authority to conclude such an agreement was immediately challenged by Senators Robert A. Taft (R. O.), and Kenneth McKellar (D, Ténn.) and within the state department, :
Chile, It has. be time government ones, could prod
plants THE STATE
to consult with Chile.
e at : made._al retention of two
purposes,
” CHILEAN OFFICIALS,
state department
_below Chilean ni
THE INDIANAPOLIS TIMES
will U.S. Owned-Nitrate-Planis ~~ “Be Sold to Protect Chilean Trade?
By ROBERT "J. MANNING United Press Staff Correspondent WASHINGTON, April 4~An important test of the good neighbor policy. appeared shaping up today in the manner in which the U. 8. disposes of its
need after the war,
lieve, however, that careful disposition of the gove ernment-owned plants would allow profitable nitro gen production in this country and still leave room for a “substantial amount” of nitrates imports from’
This woud involve the sale of some of the gov-ernment-owned plants to private business and the
change if ‘the government-owned plants were not sold too eheaply, private American manufacturers to cut prices far
«
en estimated that the eight war- | plants, plus nine privately-owned | uce more than the country will |
~ » » and agricultural Aephriments be-
or three for “national security”
" » it was learned, told the they could survive the post-war thus making it impossible for
trate prices,
It, Capital Wonders.
WASHINGTON, April 4 (U. P.) .—
The major question on Capitol Hill | 4
today was what, if anything, would | take the place of the defeated com- | promise manpower bill. . The senate rejected the contro-| versial job-freeze measure by a de-| cisive 46 to 29 vote yesterday, and many senators believed it meant clearly that there was no hope for| any new manpower legislation at! this stage of the war, Some, however, felt that there still was a chance for the senate’s| original manpower bill which would | give legal ‘force to labor ceilings! and other directives of
the ‘war !
‘When Black Markets Sell it As Beef,” Thomas.
WASHINGTON, April 4 (U. P.), war - food administration | “wouldn't know" about it, but | Chairman Elmer Thomas (D, Okla.) the senate food Investigating committee suspects that some of the “beef” civilians buy at black {markets is horse meat. Thomas delved into the question | |
| of
at the committee's hearing today. | He asked Lt. Col. Ralph W, Olm- | stead, WFA director of supply, if | there was “a black market in horse- | meat?” | Olmstead turned the question
bonds would fur- It_was freely admitted that .the agreemént means” State department officials said the sale prices { right over to. Norris E. Dodd, ‘an-
Top price. for hogs remained at
ER —————— iil AER.
Tan
ERY PRE AS ITBAIAL
. experiments will reach their full
= widely again and huge, costly elec
~-Progress Laundry com
‘N Ind Pub Serv 3%s 73 ro
nish a clue but Investor's Reader 2 mays no such luck. The first Liberty
bonds to be redeemed in any significant amounts were in 1922 and
redemptions continued every year!
until 1935°when the last ones were called. (Incidentally $20 million are still in hiding.) Many Liberty bonds were sold in the 1921 depression (and some at sacrifice prices) to provide living essentials. bonds for other government securities Others, having learned a smattering about. investments, began dabbling in all kinds of securities. Others spent their money in new | homes, autos, radios, etc. What will{ happen when the $42 billion (so far) of war bonds are cashed in is anybody's guess. n ” »
THE RISE AND FALL in employ-
ment in Indianapolis is shown by
these labor department figures: 1940 November, 1943 May, 1944 ie 212,000 September, 1044 ,.....206,000
Factory employment was 51,000 in April, 1940, reached’ peak with 118, 000 in November, 1943, and detlined to 111,000 by May, 1944, slid to 106,000 by September last year. Non-factory and non-agricultural employment was 92,000 in April, 1940; 104,000 in November, 1943, 101, 000 in May, September.
April, erees 222,000
~ » 2 MORE THAN 1000 British firms have been permitted to do experi= mental and development work: on post-war models in the last eight months, to speed the switchover to peéace-time production. But after last fall's over-optimism, U. 8. firms have had to keep post-war planning under wraps. n ~ . PATIENCE: ‘The agriculture department is trying to “improve -sugar maples. . If successful, the
effect in 300 years, ” » . ODDS: AND. Be ra nc Re merce department gets hundréds of fox-hole letters from Europé and the Pacific asking. such questions as what is a good town in U, 8. to set up a radio repair shop, or what would be a good business to start in southern California. . . . Some reports say the patent office, undef new Commerce Secretary Henry Wallace, will not grant ‘the 30,000 to 50,000 patents it usually does every year; examiners are so busy they can't search their files properly and so” half those granted couldn't hold water in court, say trust-busters, . . . One -manufacturer has developed a machine which will dispense bottles of milk like . those nickel-in-the-slot Coca-
the government ceiling of $14.80. Also received were 1325 cattle, 475
almost nothing unless congress acts on a basis of protecting U. 8, interests and taking cognizance of
Others exchanged their] 330
was active and
180- 200 nounds 200~ 220 pounds 220- 240 pounds 240- 270 pounds
Medium — 160- 200 pounds
Good to Cholce—
330- 360 pounds 360- 400 pounds Good— 400- 450. pounds 450- 550 pounds Medium—
1944, and 100,000 last c
Cola machines; and another: has a machine to pour you a beer, like| the Automat does coffee, . .. Froze n | foods may be vended like cigarets | (used to be) after the war. Foods with acids don't go so well in very thin tin-coated cans made by the electrolytic process; so the old “hot-tip” process will be used
trolytic facilitie swill be 50 per cent idle. . . , Bome sub-subcontractors arent going to get their money as soon as they think, when contiacts ere suddenly canceled at war's end, office of contract settlements fears; it’ belleves they ought to protect themselves with termination loans.
LIVING COSTS FALL 02%
‘WASHINGTON, April 4, (U, P). -A seasonal drop in egg prices sent the cost of living down two tenths of one per cent in the month ending Feb. 15, Secretary of Labor Frances Perkins reported today.
LOCAL ISSUES
Nominal quotations furnished by Indi &napolis securivies dealers: STOCKS Agents Fin Corp com .. Agents ®in Corp pld Ayreshire Col com . Belt R Btk Yds com ... Belt R Btk Yds pid Bobbs-Merrill com Cenae Bobbs-Merrill 4%5 pfd . Central Boya com ..... Circle Theat om ! Comwlith Loa Delta Elec > . Electronic Lab co Ft. Wayne & a RR pid ? Hook Drug Co com « Fi Home T&T Pt Wayne 1% ‘vid. . Ind Asso Yel 5% pid . "108% and & Mic 3 E pid «110 Indpls P & L .s 113% Indpls P & L” TOM + exoeneess 30% mdpis Railways com ..svsvee 168 Indpls water Gis ‘ih vens 106 Ind Is Water ata A com .... 19 Nat Li 15 Kingan & ae or. [] ingan & Co com o Bingan Loan Co Suen Hide Lincoln Nat Life c renee HN P R Mallory pfd P R Mallory com . N Ind Pub Serv 5% Pub Serv Ind 5% -. . Pub Serv of Ind dom .
Bid Asked
Machine com United Tel Co 5% Union Title com
® BONDS American Loan 6s 61
Le ay seal 90 pl
Sewn
Indpis Railways Co 5s 67 Indpls Water Co 3'ux 68 -. Kuhner Packing Co 4s 54
Alas 55
90+ 180 pounds
GOOD TO CHOICE 120- 140 .pounds ... . 140- 160 pounds . 160- 180 pounds .
calves and 125 sheep. The market
steady.
270« 300 pounds ... 300+ 33% pounds ..... « 360 pounds
Packing Sows
&90- 300 pounds ..... 300+ 330 pounds .,... oe vos 14.05 . 14.05
280- 500 pounds . . Slaughter Pigs | Medium te Ohoice-
CATTLE (1325)
Choice— 00+ 900 pounds 200-1100 pounds 1100-3800 pounds
11300-1500 pounds
Goode 700- 900 pounds 900-1100 pounds 1100-1300 pounds
Steers
HOGS (5200)
Before the war the U. 8:
[email protected] + 14.50@14,80
By FREDERICK C. OTHMAN United Press Staff Correspondent WASHINGTON, April 4-You that out in Atchison, Kansas? The one the government wants to use for an ice box? Well sir, Lt. Col. Ralph W. Olm- . [email protected] Stead claims that if it had been | Forking last year the war food ad« ministration wouldn't have had to sell 20000000 pounds of spoiled lard for soap. Neither, he said, would the government have had to
. 13.25@ 14.60
1 , 14.05 know cave
14 05
14.004 14.05 [email protected] |
[email protected] ! + [email protected] |
“\. [email protected] , © 16.2511 50 {sit on its handkerchief while 180,
1300-1500 pounds ....
Mediim— 700-1100 pounds 1100-1300 pounds Common— 700-1100 pounds
Cholee— 600- 800 pounds 800-1000 ponds Good— 600- 800 pounds 800-1000 pounds Medium
500- 900 pounds
Good ‘iia Medium
Heifers
Cows (all | weigi)
Cutter and iin
Canner ...
Beef —
4 Bulls (a w eights)
Good - (all weights)
Sausage Good : Medium
Cutter and common
CAL
Vealers (all weights)
Good and choice
VES 435)
Common and medium
Cull
Feeder and Stocker Ctile and Calves
Cheoice— 500- 800 pounds 800-1000 pounds Good —
! 500- 800 pounds
800-1000 pounds .,.
+ 500- 900 pounds
Calves
Good and ¢hoice— 500-pounds down
Medinm—
500 pounds down
Calves
Good and choice—
© 500 pounds down ..........
Medium
¢ B00 pounds down
SHEEP AND LAMBS (125)
- Ewes (shorn)
Good and choice
Commen and medium . LAMBS
Good
and choice ..
Medium and good ‘“
Common
Meetings
(steers)
(heifers)
Wisal ve 000 cases of eggs turned too .po1475016 23 | tent for human .use. [email protected] | The cave could have held the [email protected] | {whole works, he ‘told the senate [email protected] | agriculture commi i stigati . 13.5015.00| g mmittee investigating {food shortages.
The Colonel Tried
{ The colonel is a youngish, [email protected] 1535 1630 haired citizen- with an extra chin 1sba1s 4 (30d a forthright manner, He is one . [email protected](0f the big shots in the war food 13.0004. | IA and he said flatly {that he was the man responsible [email protected] for those eggs. He said he tried to _ [email protected] 40 something about ‘em. [email protected]| “Although,” he said, “the safest 8.006 11.00 ta 6 15@ 8.00 tHING for an individual bureaujcrat to do.is nothing, That is, looking at it from his own viewpoint.” { There were so many eggs last [email protected] 10 3011. ol summer that omelets were coming [email protected] | OUt of America’s ears. The govern- | ment set a price of 27 cehts a dozen Lon ‘em, bu 7 50618.00] t few people bought.
10.50 17.00 | "So we went out into the market 550@10 00 | W——
RETAILERS TO MEET 2i2 WITH OPA OFFICIALS.
815@10. 00] Apparel, household furnishings and 1.508 4.75 dry goods retailers will have another {opportunity to familiarize [email protected] !selves with the new OPA regula~ 5. | tions affecting them, at meetings in 1.35 four Igdianapolis high schools to{morrow and Friday nights, Robert |W Fleischer, chairman of the Marlon county war price board; ane nounced today. Thursday night nmieetliigs: will be, at Howe and Manual Training high schools and Friday night meetings 15 [email protected] | at Shortridge and Washington high [email protected] | schools. Retailers will be given opportunity fo ask specific questions. All meetings will start at 8.p. m. Price specialists from the state OPA district office who will conduct
11.50@ 13.50
11 [email protected] [email protected]
10.0011 50
2.00@
10, [email protected] 8 50@10 50 |
7.75@ 9.00
Advertisers
“News of the British Home Front” be brought by IM. Snapper, Milwaukee, at the noon meeting tomer row-of the Indian-
will
bh a polis
Miss Snapper
president, has invited members of | the Indianapolis Sales Executives council to attend the meeting.
TIME REPORTS NET [Boer PROFIT UP IN 44 ci Foi”
NEW YORK, April 4 (U. P).—|
club, Miss Snapf per recently re-
© turned
“ land after her
second
tour as guest of the British ministry of informa-
tion.
and,’
Miss Annette
Ernest H. Nie-
the meetings are Peter J. Ruden, Howe; Edward C. Lahmann, Manjual; Sam Gabriel, Shortridge, and Mr. Ruden, Washington.
N. Y. Stocks
Athletic
from Eng- [4
wartime |4
Water w.. Anaconda rious &
Ad ii . Bald Loeo ct .. Bendix Avn Beth Steel Borden Borg-Warner Caterpillar
14114: 14;
Ad club
TES
{Du Pont
+
Gen Motors .. Goodrich Goodyear .
Chile's reliance on nitrates exports, imported more than 25 per cent of its needed nitrogen fertilizer from
Brofler re oe, white Hf barred rook:
fae, Mi grade No,
. ibs er Steer
fi ld No. igo white h Wd old er
Time, Inc., today r profit of $3,803,210
or $3.87 a share in 1043
and Architectural Forum magazines showed a slight increase in ciroula-
ds | tion last year, the company said.
“FIND CHINCH BUGS
INCREASE CORN CROP
Times Special LAFAYETTE, April 4—A bump-~
‘ler crop of chinch bugs threaten Midwest corn crops in the coming]
season, entomologists meeting at
...|Purdue university warned today.
The county agricultural agent will
...|distribute federal supplies of creo- “| sote to control the bugs.
LOCAL PRODUCE
u 5 r ea | breed hens, 4c. Leghorn hens,
and Jodsern, under § d roosters, Bogs. Current © Be ctibta 3c; Mm and a + 3 " Bui SN ” i on * erfa 0, " 406; No. 3, d6c.
WAGON WHEAT £0, niet Bray
oats. No- 2 white or 69c; hat
Chicago markef mills and grain|’ bushel for No. 1 their merits);
INDIANAPOLIS CLEARING HOUSE
Clearings cibenaasiiiaiiennin 8 87000 Debits - ., serreaiensatin ia 16,702,000
53 ted 1944 net | Greyhnd Cp. 98 a com- | mon share compared with $3,687,626:
Circulation of Time, Life, Fortune, Loew's . 83% | Martin
| Ohio Ol] . 18'2 | Packard
| Procter & G .. §
, 40% Harvester, 76% 100%, « 571% . 31%
PI4LI+1 44
(Glenn) 25% Mont Ward ... 54% Nash-Kelv ..., 163 Nat Biscuit ... 24 Nat _ Distillers., 29 N.Y Central.. 23%
* F420
14:
Pan Am Air ., Penney Pénn RR or 3 Phelps Dodge . 267
H+: +4!
Pullman Pure Oil ......
Servel Inc Socony-Vac South Pac .... Std Brands ... 8td O Cal " Std Oil (nd). 361 8td Oil (N . 58% 8td Oil Ohio. « 86% Texas Co ..... 52% 20th Cent Fox. Jith U 8 Rubber .. Ya U 8 Steel .. on Warner Bros .. 13% Westing El .. Zenith Rad .
ShIIEe HELE 7 SE REEEEE
HOOSIER IS ONE "OF WHEAT KINGS CHICAGO, April 4
Hoosier—Ralph Osburn was adjudged to be one of the five
et | best’ wheat growers in the nation
yesterday. - Osburn was one of the five top 32! prize winners in the annual Philip W. Pillsbury contest to determine the top wheat producer in the | United. States. Winner of the conFT et Powers, Beadersct
“on thé attitude o erty “disposal act. posed sales of
and - bought eggs,” Col. Olmstead testifled. “We sold all we could, We {shipped them on lend-lease. cons] | signment. We dried them. We [canned them. We filled every pos- | |sible cold storage plant. And still {the eggs came in, oF “Can’t Sit on Eggs” “On June 11 I went down to my {office to find 1400 carloads of eggs! on the track and no place to | That's one thing you can't sit on. | Eggs. We started tanking eggs He explained that this meant breaking up the eggs and selling | them for pig feed and fertilizer, | The government took a $6,000000! loss “and we've been trying to ex-| plain ever since,” Olmstead said. The senators mostly were sym- | pathetic. Senator Scott W. Lucas of Illinois said if the government | hadn’t taken the loss, the farmers | would, Senator Allen J. Ellender of Louisiana said the colonels egg operations, under the circumstances, looked like good sense to him. The subject changed then to lard. Pork came to the packers in such quantities last year that there was enough lard to cover the entire nation, lightly, with grease. Col. Olm- | stead said the government stored, all it could in refrigeration, took off red ration points for a while, shipped as much as possible abroad and finally began storing lard in! steel oil drums, with ‘chemicals add-| ed to take the place of ice.
“Lard on Our Hands” “After doing everything we could,
RO
| we found ourselves still with 20.-|
{000,000 pounds of lard on our hands,” ‘he said. “There was noth- | ing to .do but store it in open tanks. | we Fal in a preservative, but we] +. would. spoil if we had te [nen a any length of time.” The tanks were located at Ivorydale, Ohio, he said. Sure enough, the lard soured. The government sold it to soap manufacturers. “And it was a coincidence,” demanded Senator George D. Aiken of Vermont, “that so much lard spoiled SO near a soap factory?” “It wad not,” said the colonel.
there: were enough tanks.” Senator Hugh Butler of Nebraska wondered whether he knew about the cave in Kansas that the government is attempting to turn into a gigantic cold storage vault. “If it had been completed in time,” Col. Olmstead replied, “there | would have been no spoilage of lard,! or eggs, either.” Hurry up, fellers, with that cave, The summer sun is getting hot.
of the government plants will depend completely
$1,000,000 or more be scrutinized by congress.
Olmstead Says Kansas Cave EQUITABLE TAX FOR Would Have Saved Eggs, Lard CONVERSION URGED
| which
“| cisions”
[ who are just
“That was the only place where
f congress, under the surplus propThe act provides that all pro- . government-owned plants costing
WASHINGTON, April 4 (U. P.).— Congress was urged to prepare” for {Industrial reconversion by passing without delay an “equitable tax program.” The recommendation came from the advisory board of the. office of
manpower commission
| Won't Have Forced Labor I |
{other WFA official. wouldn't know."
Dodd said be
On one thing both sides agreed— | that the principle of compulsory or forced labor will not- be adopted by} i this congress. The ill-fated bill squeezed through the house by al close 167 to 160 vote, would have | given the war mobilization director | virtually unlimited power to fix labor ceilings, freeze war workers in their’ jobs and regulate hiring. | It was a compromise between the | senate bill and the work-or-else bill passed by the house The sharp disagreement the two chambers may m possible to re:
which had
between ake It Im- : com-
war mobilization and reconversion, includes
Calling attention to the “bold dethat soon -must- be made {by investors and businessmen recon- | [verting to peacetime production, the {board said that an equitable postwar tax program was needed to pro{vide a firm base for business plan[ning.
| Want to Hold Onto Your Job? |
WASHINGTON, April 4 (U. P)). The labor' department today advised office girls to “retool their thinking” if they want to keep their jobs after the war, Post-war jobs, the department, warned in a pamphlet, will not be as plentiful as now, and competition will be tougher. “getting by” should take inveritory, it said. “The boss may be an eccentric fossil,” the pamphlet said. “The company rules may reek with age, but if they pay you a salary it's your job to adjust. yourself.”
‘WESTINGHOUSE CO. FORMS JET UNIT
PHILADELPHIA, April 4 (U. 'p y ~The Westinghouse Electric & {Manufacturing Cox, division for the manufacture of military. gas turbine ‘aireraft” ens gines, L. E. Osborne, vice president, announced here today. The firm plans to produce the engines, based on principles of a jet engine already developed by Westinghouse for the navy, for commercial planes after the war.
URGES BUSINESS. - TQ AID FARMING
DETROIT, April 4 (U. P.).—Louis Bromfield, Ohio novelist and farmer, today urged that business leaders give more attention to agriculture in post-war planning. Bromfield told members of the] { Economic Club of Detroit restoration of soil,
now
{improvement of farming methods |are essential to prosperity.
Oldest Loan Bevkets in State
146 E. WASH
LOANS===
The CHICAG
On Everything Diamonds, Watches
Musical Instruments, Cameras
JEWELRY « Inc. INGTON ST. 7
representatives of | imanagement, labor, agriculture and!
luntil the house gets | consumers.
promise.
In any case, nothing can be done| back on job from its informal Easter recess soon after ifiey Apn] 10.
'STOKELY-VAN CAMP PROMOTES 3 HERE
Promotions of three men to head the Stokely-Van Camp, Inc. home! plant, Fee tive today. The men promoted are T, E Brick, general manager; William R. | Haslet, plant manager, and G. E.| Winkleman, assistant plant manager.
FIRM BUILDS JETS EAST HARTFORD, Conn: April 4 (U, P.).—United Aircraft Corp, is entering the fields of gas turbine and jet propulsion airplane engines, ! the annual report for 1944 re-
Workers |
has opened al
that | introduction of | {industry into rural communities and |
vealed.
the!
2000 S. East si., became ef-
Ph isl
Through a tiny microphone
| clipped to his upper lip a sergeant
in the army's psychological war-
fare branch broadcasts a warning
to Nazis remaining in Coblenz to surrender. His speech is picked up and amplified by a sound truck traveling through the city streets.
"PIERSON QUITS BANK _ WASHINGTON, April 4 (U. P.).—
Warren Lee Pierson, president of the Export-Import bank since 1936, has
resigned to enter private business the White House announc ced today.
| «» Thomas was worried. “I don’t think the average person could tell," he said. “And I understand that in some of these markets a customer finds a nice little package all wrapped up, marked so much, and just takes it home. “Now,” he continued, “if we're coming to the point where the customer is really getting horsemeat, I« think . the public ought to be advised.. Is there any way they .can tell?” Dodd said there is “a little difference in color,” -and in a regular meat market, horse meat has to be marked horse meat. “But in a black market,” he added “F-wouldn't know.”
OPTOM
OFFICE HOURS
Daily 9:45 a. m. to 5:45 p. m. Monday 12:15 to 9 p. m. vg
Dr. Chas. B: Early
OFFICES—Pirst Floor Mezzanine
GLASSES
ON EASY TERMS
Scientific Eye Examination
ETRIST
NN
{ |
TEC
30]
ASKIN & MARINE STORE
141 W Wachinaton St
‘WE Buy Diamonds
HIGHEST ro PRICES
STANLEY Jewelry Co.
113 W. WASH. Lincoln Hotel Bldg.
SHERWIN WILLIAMS Has a Paint for Every Purpose, C LESS / Because It Lasts Longer. .
=} VONNEGUT'S
[RE-WEAVING
“ MOTH HOLES Ry WORN SPO
LEON TAILORING 0. 235 Mass Ave. '5.p 20
a
BUSINESS DIRECTORY
Confidential @ Economical @ Part-time
BOOKKEEPING
AND TAX REPORT SERVICE
A Practical Solution of a Difficult Problem
A. J. BRUMLEVE
217 Underwriters Bldg. LI-9710
ually an Style Without Kztravagance
LEVINSON Your Hatter es WASTE PAPER
AMERICAN PAPER
STOCK COMPANY R1-6341 W. Mich,
USE YOUR IT af MOS HIND
CLOTHING COMPANY
4
You Save Because We Save Men's Suits & Overcoats
'8” [% 24" CASE CLOTHES 215 N. Senate Ave. Open 9 to 9
PEARSON'S
128 N. Penn. LL 85513
HANGERS fo | EACH Garment
We Buy Usable Wire Hangers a4 Mo por bundle of
Davis GLEAN
OXYGEN THERAPY.
This Equipment Can Be Rented at
HAAG'S
8 ERS
FURNITURE « PIANOS
nar
© 42 N. Capitol Ave. Re MET
READ . THIS MONTH'S
APPEARING IN NATIONAL
MAGAZINES
How many occupations in this picture?
WHERE are no tricks—=no hidden faces. Just 1 see how: many ordinary, ev ervday occupations you can find. Count ‘em before you check the answer in the tiny type below. * Whatever the number, it’s a pretty safe bet that all these occupations—and many ‘more—
are represented among the folks who own your’
Jocal Electric light and power company. "Housewives and farmers lead the stockholder lists of most such companies. But there are plenty of nurses and doctors, teachers and mechanics, secretaries and salesmen, too. There are several million of these direct owners—and you may be among them. . Certainly you are included among the in. direct owners, if you have a savings account or life insurance policy, When you make a deposit
*The artist=icho ought 10 know=says there are 15,
industry
or pay a premium, the money isn’t just stuffed in a strong-box and left there. It’s put to work earning a profit for you—a profit called “interest.” Banks and insurance companies invest your money carefully; They put a large proportion of it into Electfic light and power securities— because the Electric companies have proved
their basic soundness over the years by depend.
able(service and.good business management. Sd the Elec tric industry is probably the most
a stake in it. And what helps the ht yout. 167 ELECTRIC LIGHT AND POWER COMPANIES SELP-SUPPORTING, TAXPAYING -BUSINESSES
ID CCL INE a 4
17 LT Xe IX 1;
Electric 1 A IT:]
: Lp
7A COMPANY
¥ A