Indianapolis Times, Indianapolis, Marion County, 28 December 1945 — Page 18
a
TIPS, RUMORS
"SEC Reports. Small Buyer
Information on Stocks He Purchases.
By CHARLES T. LUCEY g Seripps-Howard Staff Writer
. Dec. 28.—Re-entry of the “Yittle guy” ‘into the stock market for the first time since the '20’s,
“securities exchange commiss
based on tip, rumor, hunch or impulse and not on knowledge
of the stock being bought.
The SEC cites recent examples to show how people hop-
ing for quick, easy profits ‘ ‘have gone into the specula-
+ ‘tive market with their eyes
closed. . Blind buying in some cases has pushed stocks to prices which ‘couldn't possibly be justified by earning prospects. Before the war the Interstate Home Equipment Co. Inc, sold household goods, ‘but it decided in 1043 to liquidate and distribute its ‘assets to shareholders.
Information Available
~ Por a time, prices of the stock, listed on the New York curb exchange and the Chicago Board of
‘ ‘Trade, remained in line with what
could expect to receive
stockholders in lquidation—about $1.25 a share.
BUSINESS DIRECTORY
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arms
Nine northern -and eastern states
[struction division said today that
|are in short supply.
Too Often Lacks Adequate
ion officials say, too often is
FREIGHT, RATE HEARING NEARS
Final Action Expected Early, Next Year. "UTICA, N. Y., Dec. 28 (U. P)—
were a step nearer today to final hearing in’ their suit to prevent an estimated $18,000,000 a year increase in class freight rates ordered by the interstate commerce commission. Nathaniel L. Goldstein, attorney general of New York state, filed in federal court at Utica, a stipulation of costs, not exceeding $5000 which may be assessed in the pending litigation.’ The filing of the stipulation was required by the federal court last week in granting a temporary injunction, sought by the attorney general, restraining the operation of ICC's 10 per cent increase order during pendency of the litigation, Others Support It Joining New York state in applying for the stay, are New Jersey, Pennsylvania, Delaware, Maryland,
application. - “Withoiit this’ temporary injunction pnd stay granted by the court,” Goldstein said, “the decision of the interstate commerce commission would have required a 10 per cent increase to be charged on all shipments by railroads in the north. Although no date has been set statutory court, consisting of United States Circuit Judge Harris B. Chase |"
STATE INCOME TAX COLLECTION STARTS
Indiana will start collection of the 1945 income tax on Wednesday. State Treasurer Frank T. Millis said that tax forms are
BUILDING MATERIAL SHORTAGE TO HOLD
WASHINGTON, Dec. 38 (U, P.)—The commerce department's cone
there ‘is little hope of relief -from critical shortages of certain building materials in early 10468. Although” : ne
creased materially in the lasé quarter of 1945, - brick, cast fron soil pipe, gypsum lath and lumber still
LOANS
LOANS ON-EVERYTHING!
The CH
# E. WASH
Oldest Loan Brokers in the State
Diamonds, Watches, Cameras,
ICAGO ‘ai TON ST. "
"Musical Instruments
JEWELRY OL
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ER COATS CT RAIL)
ART 1 RYN
Agency Facing its Biggest Peacetime Job.
WASHINGTON, Dec. 38 (U. P). ~The U. 8. employment service prepared today for the most com-
prehensive attempted in peacetime. Its offices from coast to coast are girding for a new flood of job ap-
reach a peak of several million by Feb. 1, and continue for some months thereafter... i Fully aware that full employment and full production depend to a great degree on the success of their efforts, USES officials say they are set to help all types of applicants. Plan for Vets ' - These include the thousands of workers now headed eastward in the reversal of the nation-wide shift into war production centers. In addition, USES will step up efforts to place hundreds of thousands of returned veterans in civilfan jobs best suited to their talents and tastes. Only about one-half of the servjcemen already discharged have applied through USES for work.
The others are taking it easy for
a while but are expected to be looking for jobs around February. Thousands of these men are lo-
housing shortage prevents them from finding living quarters in the cities. Pew of the smaller centers have USES offices and the service must devise some way to help them. The situation is said to be particularly difficult west of the Mississippi
river. Got New Lease
Other classes of persons also will seek help in finding jobs as the nation moves ahead ‘in industrial reconversion. A week ago, USES was getting ready to go out of business by April in keeping with legislation to return its offices to state control. But it got a sudden lease on life when President Truman vetoed the bill USES Director Robert C. Goodwin and his associates are counting on congress to permit them to carry through on the task at least through 1946 and perhaps, as President Truman desires, until June 30, 1047. Will Need Money Labor department officials hope that congress handle return of USES in pattern in another pending This transfer the offices back to states on June 30, 1947, provid transfers of personnel and property, and establish by law the standards which the states would be to maintain to qualify for federal grants-in-aid. In ‘the meantime, USES will try to recoup what ground it lost during the past few months of uncertainty over its future. It will require a supplemental appropriation to do the national job, Mr. Truman intends it should do, it was said.
TRUCK PRODUCTION AIMS AT ’46 RECORD
i Times Spetial DETROIT, Dec. 28.—The automotive industry plans to produce 1,000,000 trucks next year, the Automobile Manufacturers associa said today. fry That number will be 40 per
will the bill.
cent
__|{ more than the average production
for the. five-year period from 1935 to 1939, the group said. The association believes that a production of at least 1,000,000 trucks annuale¥ for four years will be necessary to meet the usual domestic and export requirements and to replace the “over-age” trucks now in uge. .
AWARD IS WON BY
LOCAL LAW Sholp SE
Bi
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| Time to See “Your Hatter” HARRY EVINSON
7, hg
RATT
| You Save Because We Save Men's Suits & Overcoats 18" 21" 0" CASE CLOTHES N. Senate Ave. Open § to 9
as pons a —
THE : an
138 E. WASHINGTON ST.
“FUR STORAGE
_ CLEANING & RESTYLING © Phone MA. S717 BISHOP FURS, Inc.
plications - which * are expected "to
cating in small towns because the]
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Jenny Named By Peoples Bank
Paul C. Denny, of the Indianapolis Paper Container Co. has been elected to the board of direc tors of the Peoples State bank of Indianapolis, Felix M. McWhirter, president, announced today. Mr. Denny, partner in the Indianapolis Paper Container Co., 217 W. 10th st., was born in Chicago, June 17, 1895. He attended the University of Chicago until 1917 when he joined the army, serving as an ‘officer until the end of the war. After his marriage to Alice Dunn in June, 1820, he came to Indianapolis as superintendent of a paper box company. Becoming a partner in the Indianapolis Paper Can & Tube Co. in 1923, he was’ instrumental in expanding it, with his present partner, into the present nationally known Indianapolis Paper Container. Mr. Denny #was active in furthering the naval reserve in Indiana and was one of the first officers who helped form this organization. He is a member of the Service club, the American Legion, the Indianapolis council of the Navy league, and Mystic Tie lodge. His wife, and two sons, Paul R., and Allison, reside with him on their farm home near Traders Point.
tainer Co. manufactures and does an extensive business in paper boxes, paper cans, mailing tubes and paper specialties. In addition to Mr. Denny and Mr. McWhirter, the board of ‘directors of the Peoples State. bank is composed of Neal Grider, A.'J. Hueber, H. E. Ostrom, Wilter J. Pray, FP. 6° Tucker, C. R. Weaver and L. R. Zapf. :
LOCAL ISSUES
anapolis securities dealers: STOCKS ts Fin Corp com
Agents Fin Corp pid Ads d ...
Co el A pf % T&T Ft Wayne 7% pid i Kin wan va Ya
+. This will Be Ayres Addition
USES PREPARES |
1381; feet on Meridian st. will be
The Indianapolis Paper Con-
Nominal quotations furnished by Indi -
..-| the “‘west;-and in 1920 _ {panded into a new ll-story -|tion in 8. Meridian st.
... | rights over Pearl st. so ..|dition and the original :|could be connected on all
—n wh Bind in Indiana.
Corp. building a8 1 ‘land Capitol ave. where it {lished 8 service center which houses {| workrooms, warehouses and .delivlo, § wiPLE % :-1946 SEEN FOR U.S.
STORE T0 BUILD 11-FLOOR ANNEX
Structure Will Be Erected On Meridian St.
L. 8. Ayres & Co. will soon begin work on an lléstory addition to be erected on 8. Meridian st.
store will also be installed up to the sixth floor and into the basement officials said today.
ceed $500,000, they stated.
on the site of the old William B. Burford retail store, 38-40 S. Meridian st. which has been leased for a long term.
Adds 50,000 Feet The building, with a frontage of
joined on all floors with the present building. It will add 50,000 square feet of space. Architects both for the addition and escalator installation are Skidmore, Owings & Merrill of Chicago
the personal supervision of Nathaniel Owings, a former Indianapolis resident, officials stated.
affiliate of Arthur Bohn, Indianapolis. The general contractor is ‘the Williams P. Jungclaus Co., Inc, of Indianapolis. of the basement under the parking lot between Maryland and Pearl sts. west of the present store is near completion, officials said. This space will be used for stock rooms. Established in 1848 L. 8. Ayres & Co. was established here in 1848 when it was known as The Trade Palace, and located east of the present Indianapolis News building. In 1860 the Palace moved to Ray's Stone Block at 26-28 W. Washington st. ; Lyman 8S. Ayres entered the firm in 1872 and two years later acquired the entire business. .The next year, 1875, the store moved to 33-39 W. Washington st, where L. Strauss & Co, is now located. L. 8. Ayres & Co. was incorpo-
In 1015 the building was in size by a nine-story addi
purchased from - the . city the
This was the first structure of i
In “1941 the ‘Bur
Escalator service in the present \
Total cost of the project will ex-|good— The new building will be located | Medium—
and New York. The work is under |cuis
The architect for- the basement | 600alterations is Jorn G. C. Sohn, good
14.00014.20 [email protected]
®
18.08 03 18.05
| Mean Meat Shortage fo
, Strike
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Would
AS
“ By JAMES M. HASWE 5 Special Writer
shops and local unin- |@ neat plants. This might make meat more plentiful on farms in small towns, but would not cith
’
joe Rik rr ieeia. 1738
18.08 veveneneres [email protected] nr BE et Hi
[email protected] | 13.38 |
16.00 [email protected] |
[email protected] [email protected]
fee Good (all weights) Sausage Good
aga Medium cee 10 > Cutter and common v 10.00
CALVES (500)
cattle now about ready for
A regular living room sofa by day—almost instantly “becomes a comfortable bed by night. Tapestry up-
SHEEP (1850) Ewes (Shera) Gdod and choice ‘
Choice and closely sorted. ... [email protected] ice 42 14.75
13. 14.00
LAW OFFIGES HERE
Miss Lucille Pryor, recently re-
and probate law. i She was the only woman tax &ttorney on the staff of the judge advocate general of the navy, and was the to
first woman in the armed forces be admitted to practice before! the U. 8. supreme court.
A graduate of the Indiana uni-
12.38 |
holstered. $59.95. 20% Down — A Year to Pay
~ AtlLast . . . You Can Get Em Again (at Southside)
Roll-away :
All-steel construction—86 inches wide. Just about - ‘the cleverest solution to your “extra guest problem”
under, 1c; leghorns, 18c; springs, 4% ibs, and over 23¢: under, 0c; leghorns, tBe; roosters, 16; ducks, § Ibs. and over 200; light, 15c; geese, 200; capons § Ibs and over 30¢; under. 3c. : Eggs: Curtent receipts, 84 Ibs. to eave, 40c; graded eggs, A large, 45c; A medium, oe A small, 26c; 8 large, 3c; no grade, Butterfat: AS ceiling, 80s.
NTY OF SHOES IN
By DOUGLAS LARSEN
TURKEYS DUCKS 1 emese
| Roasting: Choice
WASHINGTON, Dec. 28. — of -shoes in all sizes and should be available early
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aaaaadl Be is » : ,
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.
- CHICKENS emi
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—yet you don't need to worry about the space it occupies. Just “roll-it away” into any closet or corner. , Note the price—all for $24.95. ~~
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