Hammond Times, Volume 15, Number 320, Hammond, Lake County, 2 June 1922 — Page 8

THE TIMES Jlridar. June 2, 1922; pehdeht FFECTEB So Ton Suffer rtoa Any of These r 1 EYE, EAR, HOSE, THROAT

GREATER

f EXPANSION. I PREDICTED

Llidvale Ordinance, Republic f and Inland Involved in

Transaction

'HOW IT AFFECTS : E AST CHICAGO ; Where three companies -were .Considered, two ot East Chicago's largest ateel concerns are Announced to be officially infltrded in the merger plans now .being concluded In New York. The Inland Steel, of which Wm. A. Maxwell, Jr.. is general superintendent, has an assessed valuation of 110.091.065. The Ini diana Harbor plant employes ;,000 men when working at capacity. It manufactures iron. Pteel and coke with an annual ((capacity of 640.000 tens of coke, ,600.000 gross tons of pig Iron, 1,080,000 frross tons of open-

hearth steel ingots, 480.000 gross tons of structural steel, 180,000 gross tons of plates, 172,000 tons of sheets. 12,600 tons of bolts and rivals, and 66,000 tons of galvanized sheets. The Republic Iron & , Steel Company, the other East Chicago member of the steel combine. Js headed by George M. Davis, has a tot.a.1 assessed valuation of 1295.375. This concern employes 700 men when working at capacity and, manufactures bar iron with an annual capacity of 85.000 tons. The marks plant of th steel & Tube Company of America, 'considered for tho merger, is 'still in doubt. ,'

BTJXI.ETXN i INTERNATIONAL NEWS SERVICE1 TTXW TOM, Jobs OJnif Elbert Jt. Gary, s&slrman of the board of t&e V. 8. Steel Corporation, was '( nee-Homed -fey Samuel 'TJntermyer, counsel for tho Xockwood committee, reffardlnsT the proposed La-oka-"wanaa-Bethlehem and the three comSany merger announced by Thoma X Cbadborae. When he took tho witsee a stand today la tho resumed rteel merrex hoarlags bofore tho committee.

NEW YORK. June 2. The long awaited merger of Independent steel companies was effected yesterday, with official announcement by Thomas Chadbourne, that a plan had been Adopted by which the properties of the Inland Steel Company. Midvale Steel & Ordnance Campany and Republic Iron & Steel Company will be unified. There is a possibility tnat it will be greatly expanded by taking other companies over later. Actual merger will take the form of an absorption of the other two properties by Midvale, whose name will be changed probably to the North American Steel Company, or something similarly appropriate. This means a complete steel company with more than 5,000,000 tons ingot capacity annually, or about 10 per cent of tho country's output, and one-sixth of the Independent producers production, the United States Steel Corporation having a capacity of 22.500,000 tons annually. Finished steel capacity is about 76 per cent of Ingot. . !VO WOIID OX CAPITALIZATION' No announcement was made as to the capitalization of the now company, but on the basis of what is known tl is around 1400.000,000 in stock and at leajt J70.000,0rs in bonds. This, however, is not official, The entire transaction is to be effected through the exchange of securities although Inland teel stockholders have a chance'of getting cash for a large part of their holdings. The unified company will assume all existing obligations of the three concerns. New preterreo. and common stock will be issued in exchange for the stocks now outstanding, and all assets of the three companies ore to be owned by the unified company except the Nicetown plant (the armor making ordnance and forging plant) of the Midvale Steel Company, which is. to be transferred to a separate company with a capital of 500,000 shares without par value. The big companies pieferred stock is to he 1100 par value, 7 per cent cumulative, redeemable at $115 and convertible for twelve years into new common at the rate of five shares common for f'our shares of preferred. The ommon stock is to be without par valne. BENEFITS TO STOCKHOLDERS How the stockholders will fare in the merger Is best presented in the following outjine of the basis on which they.wiU'particlpate: Under the plan Midvale Company stockholders are to receive 75 per cent in new common stock and 25 per cent in the stock of the company formed to take over the Nicetown plant. Republic Iron & Steel preferred stockholders are to receive dividends in 6ash up to the date when the new preferred dividend begins to accrue, and 100 per cent in new preferred stock. Republic Iron & Steel common stockholders are to receive 170 per cent In new common stock. Inland Company stockholder are

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DR. CARROLL

Specialist

155 State St,

Hammond Indiana

Opposite Orpheum Theater.

1 " Independent Market Co. 181 East State St. Hammond, Ind. i ;' ' Specials for Saturday June 3 f PORK ROAST . ! y) SPOT ROAST . , XiC7 ! SALT PORK... -$2 Pork Butts " " - -1 A js VEAL ROASTS , A V P Lamb Shoulder . . . -IL ; Pork Steak ... r7 ; VEAL CHOPS .. . (P LAMB CHOPS . . . - " 'VEAL BREAST ffLAMB STEW . . . (ft)(C Kidneys or Hearts ... SVS? GROUND BEEF . . . I SPARE RIBS . . . . . . . SHORT RIBS Vvs p. 'J Y"

to receive 25 per cent in new preferred stock which 1e to 1 be purchased from them at 95c a share, and 70 per cent In new common stock. It is intended to provide 120.000,000 additional cash working capital by the sale of common stock. The fact that these three companies are to be consolidated does not mean that Brier Hill Steel and Steel & Tube Company of America, who have been negotiating, are to be left out. The official statement contains only this reference to them: "Negotiations are pending- for the acquisition of other properties, but irrespective of the outcome of these negotiations Midvale, Republic Iron & Steel and Inland propose to proceed with the plan.'

PEASANT INFLUENCE IS MARKED IN NEW SUMMER BLOUSES

repay for the demoralizing and bad effects left to a city by their visit," says mayor.

Did You Hear That

EAST CHICAGO THE second installment of income tax will be due June 15th.

NO man Is a hero to Judge Twyman. They all look alike.

THE stage is all set for the home talent carnival of the Indiana Harbor Woman's Club.

CHIEF OF POLICE Christ. C. Struss will leave Monday June 12th, to attend the Chief's convention to be held at Los Angeles.

COUNCILMAN A. Rundq-ulst Is a free man again. The quarantine on his home, account of Mrs. Rundquist having the measles, has been lifted

THE Jones Invincibles and Stephens Non-Pareils, veterans of the diamond, will stage a rehearsa. next Sunday morning at the G. A. T. X. field.

: x I ( 1 1 Y aV W ti il tWv 4i w v- mhf C; v?iy tfl MdyiAMt

3e - -J J gajui t"C- M Vfus

The ancient Egyptians made coffins out of cork. beads ever since the fourteenth centauryAbout, a thousand Venetian artisans devote their time to this industry.

Since January, 1920, the allied commission of aeronautical control has destroyed 14.800 airplanes, and the work of disarming Germany in the air is ended. Of the 23,600 motors handled, some have been turned over to the allies, but the greater number have been broken up.

DISEASES I Modern, scientific treatment for Ca-,

tar act, QTaanla-

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Glands, Waaal Oh- : atrnetlona, Catar-

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I a ma irraduated, registered

physician, specializing on diseases of the Eye, Ear, Nose and Throat; 23 years on State street caoss mnss st&axgktx insa bv special methods easily, Squlckly. surely. Over ,000 cures. Write for free booklet. rsLASKXxs o. cjlstxb. at s. 120 S. STATE ST., Honrs t to S. Sunday 10 to IS

V 14 IS

The peasant influence is making itself felt in frocks and wraps but nowhere has it burst forth in all its glory as in some of the newest blouses shown by ex

clusive makers.

samples. Either of them could

boast of being imported from the other side. The truth is that both are products of American work-

two Imanship. The one at the left

wmte unen eiaoorateiy emoroiciered in bright red and colored lace to match is generously used ai trimming.

pected to arrive home this evening from Fairhope, Alabama, where he has been spending the . winter months with his family.

DR. J. A. TEEGARDEN was ex-

CITY SEALER Bert Peterson and City Employment 'Manager Wilson Jordan have moved to new office quarters recently remodeled in the basement of the city hall.

SP9RTSNAPSHOT5

til?

Ritchie Mitchell, one c.T the lead- Two stories on one littla hunch.

Ing contenders for the lightweight Clever, eh ?

"You'vt got to build your -self up! Try Yeast roam Tablets for a whileandsee if you don 't get back your strength and vitality."

Build

yourself up with Yeast Foam Tablets

the pure whole yeast in easy-tO'take tablet form They supply a vital element that your body needs in order to change food into healthy tissue and physical energy

The serious defect of many diets is that they are deprived, through modern cooking, of B vitamin. This vitamin, which appears in abundance in yeast, is absolutely essential to assimilation and conversion of food into healthy tissue and bodily vigor. . ' Now you can get yeast the way you like it. Pure yeast, easy to take, easy to carry around with you yeast that keeps, that doesn't cause gas in other words, Yeast Foam Tablets. Take them as directed and see how, they build you up, increase your strength and energy and make you feel better than you may have felt in months. They are good for men, women and children. Northwestern Yeast Co., Chicago, HL t Makers of the fmmou baking Teat, Yeaat Foam and Magic Yeaat

What Yeast Foam Tablets are for loss of appetite indigestion lack of energy under weight malnutrition pimples boils run-down conditions

title un to h few monthj ago. has

gone all to pieces. Recently he i was handed a terrible beating by the third rate Ever Hammer, who : knocked him down for several long ! counts. Mitchell's spirit wns brokI en when he lost to Benny Leonard ' in the Garden last year. In his i next bout he was flattened in the 'first round by Rocky Kansas, a boxer who rarely scores a knockI out. Even Ernie Rice, the Eng- ' lishman, made him stop in four ; rounda. Mitchell is only 27 and : alway s has taken excellent care of i himself. j Judging from the way Jack i Dempsey explains how he and his

manager and Jack jiearas, ana secretary Teddy Hayes, played -a good joke the other day by announcing Jack's fake engagement to a pretty western girl tne public gets treated about as .'jIIows by the champ and his crew. Kearns and Hayes whisp-r together for 10 minutes.. They decide news is scarce and frame one. 'Let's buy the Hope diamond", says. Kearns. - Jack is called in and the whispering is resumed. Jack meets the newspaper men and anpears chatty. - :.- Jack gets the boys all set and then says: "I've just bought the Hone diamond." Then he goes back to Kearns and Hayes and says "Well, I sprung it". Kearns and Hayes wait 20 minutes and then emerge from their room. They gather the newspapermen around again. One of the reporters says "Whatya going to do with the Hope diamond Dempsey's got?" Then Kearns springs hij bit. "Dempsey ain't got no Hope diamond."

Sold by all druggists

Another heavyweight from a distant country has arrived in the U. S. The newcomer is Leo Hyaatt, an Armenian. Leo scales 200 pounds and is slightly over six feet in height. He had some experience in Europe. In England he stopped two men, and after that could not induce any of the others to give him a tumble, so he set sail for America. He has a match on with Luis Firpo at Atlantic City on June 6. If he gets by Firpo safely he will find plenty of work. ... When George Murray pitched at Bogalusa against Mike Kelly's St. Paul team he hit the ball far over the center field fence. The toys cheered the rap heartily, and George felt pretty good over it. The smash established him as a fluffier. Every time he has faced the pitcher since that day the boys on the bench call: "Give it the old Bogalusa, George!" The other day against Cleveland he turned as he went to the bat and said: "Here goes a regular Bogalusa!" and sure enough he came through. The word comes along that the St. Louis Browns had the fi st chance to get Whitey Witt, the exMackman, who is burning up the league now with the Yankees. Fohl decided he didn't want to bother with the discontented outfielder, it is said. One other club had a whack at Witt's services before the bidding became general, it is further stated. Which means that the owners of two clubs can kick themselves and Whitey Witt can guffaw. i Jake Ruppert and Tillie Huston are much obliged to Commissioner Landis for letting Babe back in the game. Babe makes the turnstiles

Better Values in Straw Hats $2 to $5

'JpHERE are Straws and Straws, but there's only one kind that will stand the test of long service. Be sure you get the quality kind the sort that will give you the utmost satisfaction. Here you'll find such Hats light as a feather and as cooling as a breeze. Bronzetone and Tan.

J. F. BLUM & SON STATE ST. HAMMOND

THE Grasselli Chemical Company is planning on Importing- colored labor for the summer season. Temporary bunk houses have been constructed near the plant to house this outside help.

THE East Chicago high school alumni will meet at the McKinley rchool building Monday evening. June 5. to. arrange for the Alumni Banquet that is to be held at the Congregational church, June 15.

"JOHNNIE" K1LUGREW. the republican nominee for County Clerk, is reported to be negotiating the pur hase of another Ford Coupe through

! an East Chicago dealer. His oiu one was stolen some time ago.

MAJOR J. M. Wallace. 2nd Battalion of the 113th Engineer Regiment, has returned home after attending a two day reunion of the Polar Bear Regiment at Detroit. The Polar Bear was the Michigan Division of the A. E. F. stationed in Russia.

MAYOR Frank Callahan has positively refused to issue permits to outside carnival companies. "The small amount of amusement furnished by these nomadic bands will not

Hammond Market Co. 184 State St. Phone Hammond 4068 Breast of Veal, . . . . . . 5c Veal Chops and Steak .... 18c Small Lean Pork Loins . . . . . 25c POT ROAST . . I . v . . . 12c Lean Boiling Beef . . ..... . . 9c-

New Potatoes, 6 lbs. for New Cabbage, pound . String Beans, pound

CUCUMBERS, each . . BLUEBERRIES qt . . .

... .

. 25c . 10c

. 5c . 35c

CAN BY Saturday Special PECAN ROLL

THIRTY contagious disease cams were reported by the East Chicago Board of Health for the month of May. Health officials say that this is the least number of contagious cases reported within the city in any month for over two years.

35c.

PER POUND . Our Regular 60c Seller TRY OUR ICE CREAM Large Butter Fat Content , Most Nutritious THE FINEST SODA FOUNTAIN SPECIALS IN TOWN You're Invited , Hammond Candy Co. Soulias & Rogers, Props. 575 Hohman St. 166 State St.

HOME SECRETARY'S DAUGHTER READY FOR SOCIAL DEBUT

f Y '' f-

Miss Norah ShortU Miss Norah Shortt, the daughter af Edward Shortt. English home secretary slr.ee 191 a, will make her debut in London society soon. She ia one of the most popular members of the younger social set in London and an active leader in the girl scout movement.

The Greatest Shoe Values in Many Years Every Style for Men Who Care

Others at '7.00, $8.00, '9.00, f 10.00

Watch Our Windows

569 Hohman Street

MB'

Boot-Shop HAMMOND

Watch Our Windows

Right in Hammond's Loop

if; 'if