Indianapolis Times, Indianapolis, Marion County, 11 April 1945 — Page 8

PAGE. 8

AN ET TR RIF TORS

a a . a on Wp tw THE INDIANAPOLIS TIME!

Business

South America Raising Restrictions Against Importing Goods From U.S. By ROGER BUDROW

PAN-AMERICAN DAY

there will be all kinds of speeches about international trade, Good Neighbor policy, reciprocal trade treaties and such.

We don't mean to be a kill-joy | but at the very time we are talking of lowering tariffs to promote more ‘international trade after the war, the Latins are raising their tariff barriers. Why are they going “protectionist?” Some say it's merely temporary to prevent a rush of post‘war goods from exporting nations such as U, 8. Others say they are raising tariffs to be In a better bargaining position when they talk tariff-cutting with U. 8. Still others are trying to keep their war-accumulated dollars at ~--home. to. hiy industrial, equipment t6 make themselves more independ= “EREOE tite ME ustrial “eoloses of tier north.” —— 5 Chile has boosted anport duties enough to bring in 60 per cent more revenue than last year. Venezuela doesn't want to relax its import control system and. Peru ‘has put one in to prevent excessive imports of dispensable luxuries. & Both Colombia and Ecuador have | prohibited luxury imports to a degree. Argentina is working on something to protect. new industries from foreign competition. | - Even our good friend Brazil wor-

- ries about the prospect of an ava- only four.

lanche of American goods after the | war, Mexico has raised tariffs on products it is now making. : The trend in South America has! not, _gone very far yet, but the trou-| ble is that the trend is in the wrong | direction.

r EJ o

| they

imore than three

5" eal IS COMING. UP shortly and

PAN AM, BRAZIL FIGHT LOOMS

Company Wants Air Passage Across Country.

By ERNIE HILL Times Foreign Correspondent RIO DE JANEIRO, April 11.— U. 8. aviation interests are putting the heat on the state department to demand a showdown with the government of Getulio Vargas over air routes in Brazil. The outcome of -the controversy is expected to have an important bearing on the future of BrazilianT Becommernsial relations and also. on aviation policies.

ASTBH X Berle hast Ro od ree. hg wan an EBA SHAT KASD ast-maintained- Jondeg ALO. 12. 155" BEgIRTIRE 15 permrt a Trmer=

been ‘enlisted -to- take a hand and attempt to convince Vargas that Pan American planes flying to Rio | should be permittéd to shoot across | the Brazilian interior instead of} flying around the bulge. By going across Brazil's middle; | would save 1200 miles and a full day of flying time. Gaso- f line, manpower and equipment | would also be conserved. The trip! {around the bulge through Natal | and Recife takes five days from | New York. Through the middle,

Three Planes May Cross

Maj. Gen. Eduarde: Gomes,.di- | rector of Civil Aeronauticy; is re- | sponsible for refusing to permit | Pan American | 10 cross gorisant rest must of Pan i

| airliners weekly | interior. All the around the seacoast.

PACIFIC ISLANDERS weren't | pan officials have been burned up!

too sold at first on the idea of over this attitude. They have felt

growing vegetables for our armed |that Sule Serermem i What id th | failed to take a firm hand and see Rab use Gq Wey that their interests are protected | lin Brazil,

Pan American built an airport at | received 4750 hogs, the war food

forces there. have for our money? So the foreign economic Mimi tration started a string of trading

the state department has!

| which was

4750 PORKERS RECEIVED HERE sc:

[Am Rad & 5 Bla + | Am . 184 + +

Top price Still

* Solar House Cool i in Sun, Warm in Snow

By S$. BURTON HEATH NEA Staff Writer

CHICAGO, April«11.—People who

{ive in glass houkes don't have

‘to werky about the fuel shoftage as much as the rest of us do. That is one reason why many architects believe that after the war a great many of us are going to want glass houses. ‘Even when there is plenty of coal, oil and gas, it will continue to cost money. To demonstrate, let's take the case of Mr. and Mrs. Hugh Duncan who have a six-room ¢house in Homewood, Ill, a Chicago suburb. \ One thermometer

night the

| outside dropped, as it does some=-

times in the lake region, to 17 degrees below zero. The next day, try as it would, the mercury never could get above 5 degrees below zero. But inside the Duncans’ house everything was cozy. At 8:30 that below-zero morning the house was Warmed up to 70 degreés and the thermostat shut off their gas furnace. All day the inside temperature stayed at or above 70. It was necessary to open windows at times to cool off. At 8:30 that evening the heat was turned on again. It is doubtful whether many . homes. in the United States that day” the

hours . without, burning any fuel except the gas pilot light’s consumption. That the Duncans did is attested by records of the Illinois Institute of Technology keeping minute-by-minute records in a study of home heating by sunlight. The Duncans’ residence is not, strictly speaking, a glass house. It is what architects speak of as a “solar house.” Such buildings can be of brick, stone, or woodshingled, clapboarded, or barkcovered logs. They can be of con-

“sub-rers TetRtdes Ed Sasntional, IT

Scientifigally-designed windows and eaves control sun's rays to gain

maximum heat in winter and

ventional design—Cape Cod, Vice torian, Dutch colonial—or, like the Duncans’, they can be modern

rye wat A solar house Is ig from

mum of sunlight to-enter as-many - rooms. as possible in winter-time through several times the traditional amount of glass window area. This requires careful reference to compass ints and sci--entific orientation of windows to” sun locations, * Naturally, a house with super=windows to admit the sun's heat will also be a bright, light house. And the windows are made of a new ‘type of pane designed by Libby-Owens-Ford in which two

N. Y. Stocks i

Still $14.80, A. S. Ceiling.

The Indianapolis stockyards today 3

Am PPR |X] \ 162% 3

SPAM Water W. 1 1134 Anaconda .... J3% Armour & .Co.. 7 T's Atchison ..... 89% _ 89%

Beth Steel .... Va 5 B 1

Last Cs “Hy + 95's 327s

High Allis-Chal

—

lg Sassmae

Am . 4,70 70%

+: E

32%

34 28% 507s

dehydrated air which lets the

| Standard Oil Co. | today that merger of the two com- | pghies had “‘naturally-been consid-

shut out warmth in summer.

sheets of glass are mounted in metal so that they are separated by a hermetically-sealed layer of

sun's rays in but Kéeps Turtface” “Heut irom getting out wad which neither frosts nor mists, whatever the differences in temperature may be outside and inside. The Duncans’ house is one of 30 erected in Chicago just before the building ban. It was selected as a test house and careful records were kept. Using gas for fuel, engineers expected that the six ample, high-ceiled rooms would cost $180 a year to heat in the Chicago winter. The year's bills, from Oct. 23 to Oct. 23, were $120.55.

INDIANA STANDARD ‘CONSIDERS’ MERGER

NEW YORK, April 11 (U. P).— | Robert E. Wilson, director of the | |Pan American Petroleum & Trans{port Co. and chairman of the! (Indiana), said

ered” but that.no plans in that direction have been reached.

‘| money rates dictated a refunding

3 SP RR

ve EUR 4 rT = abe AEA 2 Ne (RELL

AYRES PLANS NEW FINANCING

Future Expansion Seen in Recapitalization,

Future expansion and improvements at. L.' 8. Ayres & Co. are

foreseen in today's announcement that the Indianapolis department store is planning to recapitalize. The store's plan is to refund its 6 per cent preferred capital stock for 4% per cent cumulative preferred stock.

Exchange Shares Theodore B. Griffith, Ayres president, stated that “for some time it has been obvious that prevailing

at a reduced dividend rate.” Present holders of the 6 per cent will be given the opportunity to exchange their shares for the new 4% per cent stock. The plan is to redeem the 6 per cent stocks that are not exchanged. That portion of the 35,000 shares of new 4% per cent stock not exchanged will be purchased by a group of local underwriters for sale to the public at $103.50 per share, - Both the e exchange and sale of “tire Tiew issue will “be “availabe ORIF $0 ENANS NOIRE wr semen iver Added to Capital. Underwriters are Collett & Co. Inc.; Indianapolis Bond & Share Corp.; City Securities Corp.; Thomas D. Sheerin & Co.: Kiser, Cohn & Shumaker, Inc.: & Co, Inc; N. Leonard Cohen & Co., and Newton Todd. The prospectus covering the new issue of stock states that the additional cash proceeds to be realized by: the company will be added to working capital and may be used at some future time for improvement or expansion of plant and equipment.

> (electronic engineering for the West. | |inghousé Electric & Manufactur-

Gavin L. Payne u

Acceptance of offers ih exchange and the sale of stock to the local | underwriters is conditioned upon the final consummation of the plan of recapitalization, which is expected to be May 1. |

PURDUE TO OFFER INSURANCE COURSE

Times Special

LAFAYETTE, Ind, April 11.—A|

program of short courses in acei-!

posts which stocked 5 and 10-cent | Barreiras, in Brazil's interior, for! dminisiration said.

store trinkets, harmonicas, jew’s- Clipper traffic. But now they can] harps, brass rings, calico, etc. That|Use it only three times a week. |

A Be Nal ENe@

orden 38 3 38'a Caterpillar T.. § Ches & Ohio.. 80 Childs ....... Curtiss-Wr ....

r++

Top price for hogs remained at

|a question from a stockholder at

The statement was in answer | dent and health insurance will be |

{offered at Purdue university during

{the Pan American annual meeting. the first two weeks of June, Sep- |

TREY pe

on MILL ist

Ahsenizelor’ Badgers Senate

WASHINGTON, April 11 (U. P.).—The senat€, which last week overwhelmingly voted down a “job freeze” bill, was considering a new manpower problem today— its own absenteeism, Members were under an implied warning that if more of them don't stay at their desks during sessions, they may have a slice taken out of their $10,000-a- -year salaries, Such a statute, Senator Robert M. La Follette (Prog. Wis.) re=minded them, is on the books, It provides that the secretary of the senate and the clerk of the house may deduct the pay for any day on which a member is absent without permission, unless it is due to his own illness or that of a member of his family.

NEW TASKS SEEN FOR RADIO WAVES

PITTSBURGH, April 11 (U. P.) — Radio waves, once merely program carriers, will take over new and unusuals post-war tasks, according to T. P, Kinn, supervisor of industrial

GARY, Ind, April 11 (U. P).— Production was halted for.the third day at the Gary sheet and tin mill of the Carnegie-Illinois Steel Corp. today in what company officials termed a strike and union leaders said was a lockout, y The dispute, which left 930 workers idle, was certified to the war labor board yesterday by the U. 8. conciliation service after it had failed to end the work stoppage. A new production plan set up by the company a month ago was blamed for the dispute. The come pany said the plan was a new incentive pay system approved by the WLB, while the workers contended that it was a speedup.

AMERICAN NATIONAL BANK

AT{INDIANAPOLIS, Member Federal Deposit Insurance Corparation

ee)

HER OO, rrr. ous mn: Addressing members of the Pitts-. burgh section of the Institute of Radio Engineers, Kinn said: “These waves provide the instantaneous, internal heat of high frequency heating, Such waves enable s...to harden automotive and aircraft parts in a fraction of the time required, heretofore, and to increase penicillin production by stimulating growth of the mould from which it comes.” Kinn pointed "out that the development ‘of the internal heating capacity of radio waves makes high frequency heating “one of our most promising post-war tools.”

INSTALL

(A FIRESTONE PRODUCT)

HOME INSULATION

4 Reasons Why Smart Home Owners Use Partemp

% Every personal or household money plan should include a bank account. Accounts can be opened and deposits made by mail.” ~

PENNSYLVANIA AND OHIO STREETS

Member Federal Deposit Insurance Corporation Deposits up to $5,000 insured

i ECONOMICAL—Under the F. H. A. *

STRIKE IN 3D DAY

changed natives’ minds. !

Now natives on Bougainville, New | that Barreiras ‘traffic was held tothe market was active and steady.

Caledonia, Guadalcanal, Saipan] and Tinian grow corn on the cob, |* watermelons, cucumbers, canta-| loupes and radishes for our G. I.s.| Some grow three or four crops a © year.

2 8 » AUTO MOTORS won't stall in floods or rainstorms if treated with a new chemical, PiB, according to the manufacturer, U. 8S. Industrial Chemicals. Trucks, jeep and marine motors going to the Southi\ Pacific are waterproofed with PiB, which is used by Chrysler, General Motors and Packard. It's brushed or sprayed on and lists six months. It hasn't been on public sale yet. a 2 a ; ODDS AND ENDS: By building | stalls crosswise in converted Liberty | ¢ ships, it was found that fewer army mules got gsea-sick .-. . RFC has earmarked $1 million to advertise, chiefly in trade papers, surplus war goods up for sale . StewartWarner's sales last year (over $100 million) were more than four times | normal prewar volume, but man- | power was down 15 per cent: profits | were about $2 million , . . Servel | Inc.; of Evansville plans to go into |

in addition to pushing its regular | gas refrigerator, the new gas year- | round air-conditioner and electrical refrigeration units for makers of | frozen food lockers, ‘milk coolers, | vending machines for refrigerated | products, meat display cases. ete. | . The U. 8. Chamber of Com- | merce is offering copies of the Indiana slum clearance bill which the legisl®ure passed, as models for! other states.

To date Gomes has contended | the government ceiling of $14.80, and

Douglas Aire. .

| Standard of Indiana owns the ma-|

{three planes for war security rea- | sons. It is generally believed, how- | ever, that he is anxious to keep | {U., 8. planes out of the interior to give. Brazilian companies chance to get started in compe-! tition. It is generally believed that | Vargas has no opposition to the] Pan American request but that | Gomes has held. up approval | nevertheless, The argument here resolves itself |

into. the question of whether the]

FRUIT LOOKS 600D |

ag ta Choice—

Choice—

IN SPITE OF FROST] 2:2 sss

Fruit prospects still are appar- | Good

ently good over most of the state following Friday's heavy frost, Indianapolis weather bureaus! weekly crop report stated today. The damage done to early fruits,

| light. that many trees were in the ad- |

| vanced blooming stage, with fruit {300-1000 pounds

setting in some southern counties, | | the report said.

INCORPORATIONS

Indiana Bridge Co., Inc.. Muncie: send. ment increasing capital stock to 350 shares common of $100 par value Sa changing number of directors to eight The Emrich Purniture Co. of Indianapolis, Ind.; articles accepting provisions of General Corporation Act of 1929; 1000 | shares of $100 par valy value,

BUSINESS DIRECTORY

HANGERS Ic EACH

We Buy Usable Wire Garment= Hangers at 100 per bundle of 10:

You Save Because We Save Men's Suits & Overédoats 18" 917 24" CASE CLOTHES +

215 N. Senate Ave. Open 9 9to9

PAPER

AMERICAN PAPER STOCK COMPANY

RI-6341 320 W. Mich. OXYGEN THERAPY

This Equipment Can Be Rented at HAAG'S 402 N. Capitol Ave. Day. Phone, + Night Phone LL 5367 RL 7956 ‘Quality ( se Styles Without

PEARSON'S

128 N. Penn. LL 5513

FURNITURE eo PIANOS B AND INSTRUMENTS RECORDS e SHEET MUSIC

RE-WEAVING

of MOTH HOL se - TURNS or WORN

LEON TAILORING co. 235 Mass Ave, 'n the Middle of

the First Block

SHERWIN WILLIAMS

Has a» Paint for Ever Purpose, COBTS LESS Because It Lasts Longer, VONNEGUT'S

———————

USE YOUR CREDIT at

MIDS KING

CLOTHING COMPANY

- 1nw. ‘Washington St. Directly Opposite Indiana Theater et ————— ee

DIAMOND LOANS |

* WE BUY DIAMONDS 4

i resance If

LEVINSON

AI Reel) [ a.

Confidential o Economical ® Part-time

BOOKKEEPING

“AND TAX REPORT SERVICE

{calves and 400 sheep.

Mediu

interior on ac- |Good—

| Med fum 250- 500 pounds

the | 1100-1300 pounds .. | 1300-1500 pounds .. Medium

1100-1300 pounds Common including strawberries, was reported | 700-1100 pounds

volume production Of 3 gas waler] as moderate in some low pockets, | Cholcs heater it has had ready since 1941, | 0% OP oe Wile w Be beligred to Re} 600-800 pounds Good —

| Cull

| Cholce—

Also received were T75 cattle, 428

GOOD TO CHOICE HOGS (4730)

120- 140 pounds pro 160 pounds 160- 18) pounds 180- 200 nounds ... 200. 220 pounds 220- 240 pounds 240- 270 pounds 270- 300 pounds ,.. 300- 330 pounds

160- 200 pounds

Packing Sows ood to Choice— i $00 pounds Jog. 330 pounds 0- 360 pounds .. 360. 400 pounds .. 400- 450 pounds 14.00@ 14.05 350. 550 pounds

Slaughter Pigs i: - 180 pounds co. 11.235013.75 | CATTLE (15)

Steers

[email protected] . [email protected] . [email protected] [email protected]

700- 900° pounds

§00-1100 pounds

500 psunds

Du Pont Gen Electric. . Gen Foods .... 42 G

Goodrich Goodyear ind Rayon ..... Int Harvester..

Johns-Man [email protected] Kennecott

L-O-F Giass .. 58% Lockheed Airc 20% Loew's .. 78 Martin (Glenn) 247% Mont Nash-Kelv ... 17% Nat Biscuit .. 24% 330- 30 pounds . [Nat

N.Y Central .. 237s Ol

Packard PPL Pan Am Air .. 17% Penn RR ..... }J8% Phelps Procter & G Pullman Pure Oil ban Repub StI .... [email protected] | Reyn Tob B... » Schenley Dist. 46% [email protected] | Servel Inc '.... 18% Socony-Vacuum™ 16% ‘| South Pac... 43% {Std ~ Brands . 30% Std G& E 7 pf 81% Std -O Cal. ... 413 Std Oil (Ind).. 38%, Std Oil (N J).. 58 Texas Co. .... 54 20th Cent Fox 28 U 8S Rubber..

en Motors ..

- ub an a de i A I A sein aNINSa

C4 A444 4444

Ward ... 56

Distillers . 387% |

hio Oil . 18's i 1g!

Dodge. 27% |

tl 4+ 444444] 4

i 4

pA LE PA

+ 1 8 Steel.. Warner Bros Westing El

13% ...; 120% + 1%

1300 pounds 16:25 16.25 16.35

14.75 15.00

900 pounds ate 5

: 15.00

13.50 13.50

700-1100 pounds

Heifers

15 [email protected]% [email protected]

[email protected] [email protected]

13.00014.7% on—

500- 900 pounds . . 11.25@1%.00 Cows (all ‘weights) : 12.506 14.50

Medium 11.00 12.50 Cutter and common . [email protected] | Canner .. . . .1.00@ 8.00 Bulls (all weights)

. [email protected]

Good tasene [email protected] Medium ' [email protected] Cutter and common [email protected]%

CALVES (425) Vealers (all weights) Good and choice vireens 16.50@ 17.00 Common and medium [email protected] ‘ Ckra va 5.50@ 9.00 Feeder and Stocker Catile and Calves Steers

300-1000 pounds d 600- 800 pounds

fedium— 500- 900 pounds Comr

Good

Beef— Good (all weights) ........ | Bausage—

500- 800 pounds 800-1000 pounds Good— 500- 800 pounds 800-1000 pounds Medium — 500-1000 pounds Common 500- 900 pounds Calves (steers) Good and choice— 500 pounds down ..,..

11.50 11.75

[email protected] [email protected]%

[email protected] 7.50@ 8.75

13.75 13.00

. 11,28013.35 | [email protected]

| Medium—

800 pounds down ... ‘ Calves (heifers) Good and choice— 500 pounds down Medium — 500 pounds down ..........

SHEEP

Ewes (shorn) Good and choice ' . ol 5 1

[email protected] |

8.50@10 50 400) «o

Common and medium

LA Good and choice Medium and good .

or 18.006018.50 | . 13.15G15.75 | [email protected]

LOCAL PRODUCE

| Heavy breed hens, 24e.

Leghorn hens, |

ec. Broilers, Ibs, ‘white and barred rocks, 28c. { Old roosters, 15c 1 Eggs~Current

receipts, 3le, grade Al large, 34c;

grade A medium .and.B large, |

| 31¢; grade A small, 26¢; ufider grade, 270. |

De a §0c. 40c; No. 2,

WAGON WHEAT.

p to the close of the Chicago re wal. Indianapolis flour mills and grain elevators paid $1.67.per bushel for ‘No. 1 red wheat (other grades on their merits); oats, No white or No. 2 red, testing 32 Ibs. .or beiter, 60c; corn, No. 2 vellow shelled, old stop. $1.00% per bushel and | No. 2 white shelled, old crop, $1.24%.

Butterfat—No. 1,

A Practical Bolution “of a Difficult Problem

0 A.J. BRUMLEVE

-idelity

~ TRUST COMPANY 123 EAST MARKET STREET

LOCAL ISSUES

STOCKS

Agents Fin Corp com [email protected] Agents ¥in Corp pia

Ayrshire Col com .... Beit R 8tk Yds com . Belt Ii Stk Yds pid .. Bobbs-Merrill com ... Bobbs-Merrill 4%as ptd Central Soya com Circle Theater com Comwith oan 8% pid Delta Elec com Electronic Lab com Ft. Wayne - Jacky RR pid “ Hook Dryg C Home T&T ” Wayne ”% pid.. *Ind Asso Tel 6% pid .. ‘ht Ind & Mich EB 4% pie. “rie Indpls P & L Indpls P & L ‘com .. Indpls Ravens com .. Indpls Water Indpls Water’ i, A com . Jefl Nas Lite com Kingan & Co pid Kingan & Co com *Lincoln Loan Co 52% -pf Lincoln Nat Life com .. |P R Mallory ptd PR Mallory com N Ind Pub Serv §%..... Pub Serv Ind 5% Pull Serv of “Ind com Progress Laundry com 88 Gear & Tool com

8 “19%

80 Ind G & BE 48% . Btokely-Van Camp pr pf .... 8 Machine com 13 United Tel Co 5% Union Title com

American Loan §s 61 American Loan bs 46 Buhner Fertilizer 58 54 ch of Com Bldg 4'2s 61 Citizens Ind Tei 4'2s 61 Columbia Club 2.58 .... Consol Fin 5s 56 | Ind Asso Tel Co 3%s 70 .... Indpls P & L 3%s 70 {Indpls Railways Co 5s 67 , | Lndpia Water Co 3'as 68" | Kuhner Packing ¢o 4s 54 ,... 9 N Ind Pub Serv 3'as 73 .... nd 4'as bb : Pub Serv of lng 3} ¥a8 13 .... Pub‘ Tel 4'28 § “aus I'rac Term Ay 55 67 H J Williamson Inc 5s 85 .... *Ex-dividena

COAL STRIKES HIT STEEL

NEW YORK, April 11 (U.P.).—

| The nation-wide steel operating rate | will slump 2 per cent of capacity because of the wildcat coal mine strikes that have | hampered mill operations, particu- |

fryers and roasters, under os 18rly in Pittsburgh, the magazine

| The Iron Age said today.

TLE

GET CASH IMMEDIATELY

pared with a year ago: 3 { Nas

32 Cash Bal ....

2 points this week to 94

| jority of Pan American's stock.

7500 OUT AT DETROIT | DETROIT, April 11 (U. P).—| Strikes affecting 7500 workers had | closed five Detroit war plants and,

y | hindered production at four others of Health Underwriters. Certificates | | today. 4

U.S. STATEMENT |

WASHINGTON, April. 11 (U. P).—

1 Government expenses ad receipts for the

current fiscal year through April 9 com-

This Year ..$75,685,820,796 68,866,827,208 5,440,521,692

Last Year 71,246,733,114 | 66,341,178,199 3 32,546,907,243 40,245,298,604 38,699,724,221 14,116,357,207 14,970,111 602 | Work. Bal. ..'13,353,432,228 14,207,306,895 | Pub. Debt....235223364,043 186,914.522.910 | Gold Res..... 20,417,003,611 21,539,128,767

INDIANAPOLIS CLEARING nou PE

Expenses ro: .

Net ‘Betteit ‘

- NEW ISSUE

Thomas D

April 11, 1945

the Indiana insurance department |

|state license.

{tember and December, Dr. | Knight,

P B

Completion of these courses receive recognitions from the university and the National Association

{issued by Purdue are accepted by |

in lieu of an examination for a

WILL CONNECT BARRACKS

WASHINGTON, April 10 (U.P). |=—The war department today an-| ‘nounced the awarding of a $785,323 contract to Dunlap & Co. and! Shelby Construction Co., both of | Columbus, Ind, for a reconversion| of barracks into convalescént wards at Wakeman General

director of the summer | | session, announced today.

financing plan you can have 3 years to pay. Since it saves you up to 30% in fuel costs, Partemp pays for itself,

WATER REPELLENT—AIll the natural oils and waxes are left in Partemp, thus making it highly resistant to moisture absorption,

FIRE RESISTANT—Partemp is subjected to a special treatment so that even a blowtoreh will not ignite it. It will char under intense heat but will not earry fire,

GOVERNMENT APPROVED — There is a U. §. Government inspector in every Partemp plant. Every carton must have his Ulficial stamp of approval,

PAY AS LOW AS 5.00 MONTHLY

FREE INSPECTION A Williamson Furnace Div. of MONARCH SALES CO.

hospited, |

36 W. Joh st. Ll. 4438

This advertisement appears as a matter of record only and is under no circumstances to be construed as an offering of these securities for sale, or as a solicitation of an offer to buy any of such Securities,

The offering is made only by the Prospectus.

32,000

4%% Cumulative

Shares”

L. N. Ayres and Company

Preferred Stock

($100 PAR VALUE)

% Of the 28,142 outstanding shares of (6%) Preferred Capital Steck, 3,501 diem have been called for redemption, holders of 6,574 shares have consented ix to exchange their shares for the 414% Cumulative Preferred Stock and holders of 18,067 shares will be given the opportunity to offer such stock in exchange for the 414% Cumulative Preferred Stock until 12:00 noon April 28, 1945, such exchanges to be on a share-for-share basis plus a cash adjustment, all as provided in the Prospectus. Shares unexchanged will be called for redemption.

o ~J 2 - The offering of the unexchanged 44% Cumulative Preferred Stock, made only by the Prospectus, is made exclusively to bona fide residents of the State of Indiana. None of such shares will be initially sold by the Underwriters otherwise than to bona fide residents of Indiana who are not

dealers. and who purchase such shares for investment and not for the purpose of resale and who so certify to the Underwritérs. .

Price $103.50 per Share

(plus accrued dividends from May 1, 1945, to date of delivery) When, as and if issued.

Copies of the Prospeciggnay be obtained from any of the undersigned.

Collett & Company, Ine. :

“Indianapolis Bond. and Share Corporation D. Sheerin & Company Gavin L. Payne & Company; Inc. N. Leonard Cohen & Co. Newton Todd

City Securities Corporation Kiser, Cohn & Shumaker, Inc.

Long or She + «+ Shinin « » Gay m tour. Soft a to manage,

Special

No heat—N¢ Natighal

HELENE Machi or Machi

"Reg. $8

9 ODD Fri COR, PENN. &