Indianapolis Times, Indianapolis, Marion County, 28 January 1946 — Page 6

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J, §. CLARK JOINS INVESTMENT FR

“The pay Is good and raises are regular, » There are annual cations with pay. « Working and surroundings comfortable,

to Labor Disput utes, Shortages,

NGTON, Ind, Jan. 28,—The index of Indiana 16 points during December, Indiana university

decline was largely due to labor disputes

and manpower, the report

| The index stood at 180.0

for December compared to 196.2 in November and 180.5

in December, 1044. Industrial activity, however, was

| reported relatively high. Factory

employment increased nearly 2 per cent during the months, and pay rolls showed a slight advance. This upturn resulted from the entrance of hundreds of veterans into the industrial field which slightly more than offset the loss of about 18,000 wage earners idled by strikes, the report stated. » » ” BECAUSE of a shortage of stand-

'|ard merchandise, retail employment « | did

show the usual seasonal ex- , the report continued, Estimates of total employment in both manufacturing and non-manu-facturing industries was about 18 per cent smaller than last year, Bank debits showed a seasonal decline from November, although they were nearly the same as a yea: earlier, the I. U. publication reported. ” ” ”

WHILE actual coal ‘production was slightly higher than in No-

* | verhber, seasonally it was smaller

than in either the preceding month or in December, 1944. Steel output was higher than in November but lower than the year before. ; Department store sales were less than the previous month, and elec tricity production dropped slightly from the same period. : Newspaper advertising was up from a year ago, but did not con= tinue the trend of seasonal increase which had prevailed for a number of months. Farm prices advanced somewhat, as of both hogs and cattle declined from November and also December, 1944. ’

REPORT EQUIPMENT LACK SLOWS HOMES

WASHINGTON, Jan, 28 (U. P.,). ~The U. 8. chamber of commerce reported today that a survey of more than 1100 cities disclosed that lack of equipment and materials primarily was responsible for the critical housing shortage. The survey also revealed that 506 cities said the housing problem was | acute, 401 reported it serious and only 75 sald they had no housing problem. About 880 of the cities said the shortage was due to lack of material, A lack of skilled labor

{was reported by 168.

The local Chambers of Commerce suggested four ways in which the supply of building material might be stepped up: 1. Compel OPA to make needed price adjustments. 2. Speed up the release of army barracks, prisoner-of-war camps and similar structures for conver-

down for lumber, * 3. Release lumber, plumbing, heating and other equipment now in army hands. 4. Stop lumber exports.

Coryell Named By Oil Company

C. Norman Coryell has been named distributor for Marion and 14 surrounding counties by the MacMillan Petroleum

Georgia st. Mr. Coryell, a veteran of both

CN. Coryell with the auto-

| motive industry for 21 years. His

most recent assignment was automotive technician / with the army air forces at Freeman fleld, Seymour, Ind.

“BALLOT ON CLOSING NEW YORK, Jan. 28 (U. P.).— Members of the New York Stock Exchange are being polled by the Association of Stock Exchange Firms on the question of yeararound Saturday closing of the Exchange, it was learned today.

FOREIGNERS UNCHALLENGED CARACAS, Jan. 28 (U. P.).—Concessions held by American and British ofl companies -in Venezuela will not be challenged by the new revolutionary government, according to President Romulo Betancourt,

LOCAL PRODUCE

sion to civilian use or to be torn |

Midget Batteries Power

Hearings Aids.

The tiny Mallory-made dry cell battery ' that powered the army handie-talkie has now oeen put to commercial use, P. R. Mallory & Co. said today.

the Acoustican division of Dictograph Products, Inc, New York City. _ 14 Average Size

Although it is less than one-third as large as the battery it replaces, officials said the new cell has sub-

one inch in diameter and flve« eighths of an inch high.

duction will be through a new Mal-

York. The new plant was recently purchased from the Westchester Lighting Co., and was occupied during the war years by the Eastern aircraft division of General Motors. Has Specialized Uses

The new battery is not expected to deplace the common flashlight battery, officials said. - Most likely flelds for its use are hearing aids, pocket radios and specialized elec-

Orders for the new battery have also been placed by the Maico Co. of Minneapolis and the C. L. Hommann Corp. of Pittsburgh, both hearing aid manufacturers.

Big Searchlights For Sale by U. S.

WASHINGTON, Jan. 28 (U. P.) —~War Assets Corp. today had on sale 100 large searchlights built for spotting enemy aircraft. Original costs of the 60-inch lights was $15,000 each. Their strength ranges between 650,000, 000 and 800,000,000 candlepower, Suggested peacetime uses were for open pit mining operations, carnivals and motion picture premieres. Apparatus Includes a fourwheel chassis, power plant, con~ trol station and cables. Sealed bids will be accepted at WAC offices until Feb. 15.

LOCAL ISSUES

Nominal quotations furnished by Indi. Bid

anapolis securities dealers: : STOCKS

Agent Fin Corp Agents Fin ald Amer States pf Amer States cl A

Asked COM wvvevese i PIG 2enazees.

or Sates SB ..io0 L 8 Ayres 4%% pid . Ayrshire Col com Stk Yds com .... Belt Boa Fo ud % Bobbs-Merrill com ....

Central Soya com ..... 60% Comwith Loan §% pfd ens Cons Fin Corp pid ... ap Delta Electric com ........... 16 17% Electronic Lab com .......... 4% 5% Ft. Wayne & Jackson RR pf..102% 105% erfl-Jones Co cl A pfd ...... 11 sens Home T&T Ft Wayne 7% pfd 51 wos Hook Drug Co com .......... 20 "er Ind Assoc'Tel Co 2 pfd ...... 51 oe Ind & Mich Elec 4% pid Ho... Indpls P & L ptd..........,.. 113%; 118% Indpls P & L Comh............ 30% 2 Indian is Water pfd .108 ‘es Indpls Wa ass A 20% Indpls Railways com.......... Jeff yas Si nieke vers ngan com .... Kingan & Co 2 Cangas Lincoln Loan Co §% pf Lincoln Nat Life com ....

Mallory com ............ Marmon-Herrington com Mastic Asphalt. ............... Natl Homes com ............ N Ind Pub Serv 5% .... Progress Laundry com ...... 4 Pub Serv of Ind 5%.......... 107 Pub Serv of Ind com ......... Ross Gear & Tool com S80 Ind G & E 48% pid Stokely-Ven Camp ptd Stokely-Van Camp com Terre Haute. Malleable ...... U"S Machine com ..... Seveane United Tel Co 5% Union Title com

ee ssa nnn

American Loan $s 58 American Loan 4's 60 Bubner Fertilizer 5s 54 Ch of Com Jldg 4'as 61 Citizens Ind Tol 4%s 61 Columbia Club 1l%s Bs Consol Fin bs Ind Assoc Tel 3

“eves

108°

108% 110

"0%

rrr s ses sase nn

Trac Term Corp bs H J Williamson - *Ex-dividend.

67 . Inc 6s 88....

FoR low price.

'15-DAY TRIAL!

Convince yourself by 15-day test that this is the biggest

bargain you ever had, Sat. A eke prec: tion.

(4 [1] ;

(of

NOW BEING USED COMMERCIALLY

The first commercial model is a [Goode hearing aid “A” battery made for| 700

stantially longer service life. It is|Good—

M Initial orders are being produced| 500at the local plant, but future pro-| 800

lory plant in North Tarrytown, New Soca

tronic instruments, they explained.| cy qice—

. | ers, ‘president;

n ger, secretary-treasurer.

* | Public Debt A , ‘| Gold Reserve. 20,156,707,688 20,571,144,644

: Shoe Repair Special

Yards Get 7400 in Record Receipts Today. A record run of 7400 sheep was

reported at the Indianapolis stock-

yards today. Other receipts also ifcreased, the U. 8. agriculture de-

¢ |partment ‘said.

The 5125 hogs, 2325 cattle and 525

|calves sold mostly on an active and

steady basis. . The sheep, many on a called-in basis as packinghouse strikers returned to work, were reported firm.

< GOOD TO CHOICE HOGS, (5125)

140 utghary 3.80 14.38 1 13. , 16 160 [email protected] 160- 300 + 14.88 300~ 3. 4.85 300- [email protected] ume 160- 220 pounds '......ii00en 13.26 @14.28 Packing Sows B00 300 pounds 14.10 330- 400 pounds ............ 16.10 400- 450 POURS. +. verisiiirs 14.10 Mediu 250- 550 pounds .........ves 12.750 14.00 Medium t al renm um to a. 90- 120 pounds .. ...... .. [email protected] CATTLE (2825 Steers Coos 900 BS sii eens 17.000 18.08 1100 pounds 17.00@ 18.06 1100-1300 .. [email protected] 1 1500" NAS ..iesveennan [email protected] - 900 pounds whrnarene jin - poun vessersys [email protected] 300-1300 oh [email protected] cesses 16.00017.50 [email protected] . [email protected] Of) we 700-1100 pounds .......eeies [email protected] ! Heifers Choice— - URAS oLieniereen [email protected] 800-1000 pounds ...ee cenien 1e.30018.00 " POUAAS ....iosrrses [email protected] 800-1000 pounds eins. [email protected] "000 POURS ...er.s veers [email protected] MON ~~ oo. 900 pounds .......iee0s [email protected] his) os Cow Ul wenn) vaaS0 UIE sa susswansssnssrrarans 'tiagiia Cutter and common .......... x ; CRORBE sion icavrrtnsssrarens 7.000 8.50 Bulls (all weights) Beef — Good (all weight) .......... ;. 13.00013.50 Salsage--Sassen sass ans sry [email protected] BUI: os ihe s enn nennrres uNG1 Cutter and common ....... [email protected] CALVES (525) Vealers (all weights) Good and Shoise Caan Hanae 115 Je08 omm medium ........ d X CRO A A [email protected] Feeders and Stocker Cattle and Calves Steers - 800 UNAS o:..ovniinrs [email protected] 200. os AS .eeieierrieen [email protected] Good— 500- 800 UNAS osisiessianes 13. 13.50 RS 1050 Dotnds sebtuensenes [email protected] Ume— 300-1000 pounds .........ses [email protected] SHEEP (7400) Ewes (8horn) Good and choice ............ 6.00@ 17.00 Common and medium ........ 5.00@ 6.00 Lambs Choice and closely sorted .... [email protected] Good and choice M 14.00 Medium and good « NJ 12. CTE A Ay yaa [email protected]

ENVELOPE COMPANY EXPANSION PLANNED

Expansion plans of Bowers Envelope & Lithograph Co. include plans for a new building at the rear of the firm’s present quarters, officials had announced today. The company has bought lots behind its plant at 957 W. Michigan st. Here the firm will build a re-inforced concrete structure having a basement and ground floor. The new building will add 24,000 square feet of floor space, and will house six new envelope machines now on order. Additional personnel will man the new structure, officials

- | said.

Firm officials are Clyde A. BowClyde T. Bowers, vice president; and W. Myron Yor-

The Carl M. Geupel Construction

+w:+| Co. is contractor for the building.

U. S. STATEMENT

WASHINGTON, Jan. 28 (U., P.).—Government expenses and receipts for the current fiscal year through Jan. 24, compared with a year ago:

This Year Last Year * | Expenses ....$42,470,728.440 $54,192,088,900 * | War Spending. 35,501,020,573 49,350,572,349 eceipts .. .. 22,424.983,460 23,453,516,598 ot eit .. 20,045,740,489 31,738,566,810 Cash Balance. 24,057,210,266 10,036,060,64 .

. .278,606,439,642 233,329,976,872

INDIANAPOLIS CLEARING HOUSE MARAE ARAN NARS $ 4,356,000

HEELS ATTACHED IN

LEATHER HALF SOLES

Men’s 2 Chilarens 896 Ladi

Leather Top Lifts 15¢

Please Call for Shoes When Promised

FASTEST SHOE REPAIR IN TOWN WHILE YOU WAIT SERVICE

McCRORY'S

17 E. WASHINGTON ST. Downstairs

MODERN STYLISH GLASSES

COMPLETE GLASSES . :

Call quick for this unusual offering. Modern, stylish rimless complete with “Gold-Filled” finish mount lenses for FAR OR NEAR VISION, ony ay

SIRED

NO BITRA

nehes in 3,000,000 SATISFIED CUSTOMERS

LOWEST PRICES

Largest Opticians

in America : Cires ‘splea h od "the . 8 ot a teal r El cay

DIT

RGE

145 N. Pennsylvania. st.

cember, 1042. After \ commissioned lieutenant (j.g.) in 1944 he served aboard ship in the Pacific as supply, disbursing and commissary of- ; ficer

Mr. Bettis joined the insurance agency in 1937 after several years with the advertising department of the Indianapolis Times. He is a graduate of Technical high school and of Butler university, and is a member of Sigma Chi and Phi Kappa Phi fraternities. His office is located on the 13th floor of the Circle Tower. -

BUILDING PLANNED BY HOSIERY FIRM

A new $40,000 office building will be built at the southeast corner of Davidson and North sts. by the American Hosiery Mills, officials have announced. The building, of brick and glass blocks on a structural steel framework, will be directly across the street from the company factory that occupies a block. Office personnel will be moved as soon as the building is completed. Contractor for the T0x80 foot building is the Carl M. Guepel Construction Co. Philip Adler heads the hosiery firm.

rs 1

Army, Navy 0. K. .* Conference. *

WASHINGTON, Jan. 28 (U. P.).— The army and navy have approved the Bermuda Air Conferencé agreement to open the 99-year leasé mili- ¢ [tary bases in this hemisphere to commergial aviation, it was learned today. i! . At the same time it was reported that civil aeronautics board mem- ¢ oi jbers of the U. 8. delegation return |¥ from the Anglo-American conferJ. E. Bettis ence. they will ask congress for authorit; to control rates charged by our international airlines. i The CAB, with the assured support of the state department, believes this authority is essential to prevent international rate conflicts like that which. recently broke out| Fe between Pan American Airways and| £3 the British government.’ 2B . » . WAR and navy department approval of the agreement on the U. 8. developed" faction that adequate safeguards are established against any interference with the nation’s defense requirements, The bases concerned guard the eastern approaches to the Panama canal and are an important part of the nation’s overall system of outlying military airports. They were obtained from Britain for 99 years in return for 50 over-age destroyers. Those to be open to commercial use are at Bermuda, St. Lucia, Antigua and British Guiana, it was said. Alternates, available in case uf necessity, are at Trinidad and Jamaica.

» 5 =» : THE agreement as it now stands é

delegates at Bermuda were agreed that the Internatiofal Air Transport association, comprising the, world’s airlines, should set interna-|] tional fares... In the case of U. 8.British routes, they would be subject to approval of the two governments. f

But the CAB at present has little it any power to act on international

Plans of

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‘NSORPORATED

MVESTMENT SECURITIES T. P. BURKE, Vice-Pres. and Mgr.

312 Circle Tower MA rket 5379 Offices In Principal Cities

“BUSINESS HIGHLIGHTS" by odd Every Night

Monday through Friday WFBM 10:45 P. M.

tective stre atnew k

Texas cities.

Santa Fe, a Texas partner and booster since 1880, and serving Texas with 3,693 miles of rail, with automatic block signal protection all the way from Galveston to Chicago, presents the above Texas Tribute as a mark of our appreciation for the great | Job Texas is doing in almost every phase of industrial activity.

“An open letter

from Texas

When eastern folks come down to visit Texas their eyes bug out like a horned toad’s. Why? *Tisn’t cattle nor ten-gallon hats. They expect them. *Tisn’t our football teams—they’ve seen their eastern teams . larruped by ‘em too often. 'Tisn't those wide open spaces—their grade school geographies taught ‘em Texas is tremendous. ; "Tisn’t oil wells and cotton fields—they've beard about them too. ‘Well, what is-it that causes tremors of surprise to run through those visiting easterners? They don’t look for skyscrapers, and they find them in clusters in a dozen

They don’t expect Texas seaports, and they learn that in ocean commerce four of our Texas ports are among the first dozen in America. They have never counted Texas as an industrial state, and they see steel mills, refineries, synthetic rubber plants, chemical, paper and food processing plants and all kinds of other industrial units from Texas to breakfast. "They don’t anticipate “seats of higher learning” and they can count more’ than two-score of the most modern colleges and universities, to say nothing of our art museums, libraries and other cultural institutions. - And their eyes tell "em pretty fast why our city girls are setting a lot of fashion styles these days. Everybody should visit us and see modern Texas for himself. So, in order to spread the light, we're printing this Texas message. i

x x * *

Santa Fe

" SANTA FE SYSTEM LINES Serving Texas and the Southwest

311 Merohaate Bak Bldg. INDIAN APOLIB 4, ED Pune: rks 0816.9837

Be attract glasses det

facial cont checked.

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IRVING HII $377 East Wi

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115 E. Ohie Time to Se “Your Hatte

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87 N. PENN.

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HA. 402 N.C

Day Phone L1-5367

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