Indiana daily times. [volume], May 03, 1922, Final Edition, Page 11, Image 11

About Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922

Image provided by: Indiana State Library

                
MAY 3,1922.
RADIO MAKING
CAUSES BOOST
FOR ELECTRICS
Popular Craze Adds to Wealth
of Stockholders in Two
Companies.
HUMAN INTEREST SHOW N
Special to Indiana Dally Time*
and Philadelphia Public Ledger.
By C. B. EVANS.
CHICAGO, May 3.—That ancient ticker,
the human heart, la getting In step more
and more closely with the machine which
reels off on the tape the prices of se
curities, this phenomenon being Quite as
much In evidence In this city, as in New
York. When prices go off a quarter or
a full point there is a syncopated action
which comes from the habit of mind ex
isting during the agonies cf 1921. The
men who "knew all about’ what was
going to happen and loaded up with
stocks are extremely grateful and de
clare that more of the same sort is com
ing. In their views of affairs about
them they make a human remnant cf
1021 look like a hen. Possibly this at
titude moans that the market has gone
far enough but those who have sold are
now repenting.
There are some special reason for this
state of mind In Chicago, not different
perhaps in essence from what Is hap
pening everywhere else, but appealing
because of nearness. Many corporations
hereabouts are picking up rapidly In pro
duction and sales. Perhaps most con
spicuous at the moment are the electrical
companies. The output of head pieces
for radio service Is something enormous,
having increased many fold since the
popular fancy for hearing things that
ordinarily can't be heard first made its
appearance, and the much more impor
tant work of turning out equipment for
staple telephone service stretches out In
an extraordinary vista. This makes for
prosperity of the two leading manufactur
ers In this city, the Western Electric
Company and the Kellogg Switchboard
aid Supply Company. The latter, which
recently Jumped from 41 to 64, and has
now sagged back to bid. Is thought
by speculators to he due for another lift.
The old holders of this stock sit by and
The Service
Rendered
hy
Specialized
Knowledge
2719
Renominated
f _ m
Mgr*w *si
MERRILL. MOORES.
On the face or early returns Merrill
Moores has been renominated as the Re
publican candidate for Congress from
Marlon county. John W. Becker, soldier
candidate, however, Is running a close
second.
care not for any market price, appar
ently. The Western Electric is a part of
the American Telephone and Telegraph
group, and makes little appeal to the
stock market. —Copyright, 1922, by Public
Ledger Company.
LIGHTNING ARTIST.
FLORENCE, May 3.—Professor Wan
nuccl, the famous Florentine painter, has
been known to paint a thoroughly fin
ished portrait in three quarters of an
hour.
HARDING URGES
PREFERENTIAL
FREIGHT RATES
Bland’s Visit to White House
Reveals Plan to End
Coal Strikes.
Sr -dal to Indiana Daily Times
a .and Philadelphia Public Ledger
WASHINGTON, May 3.—Preferential
freight rates on coal shipped to Industries
In certain summer periods was revealed
following a visit to the White House by
Representative Bland of Indiana, as a
cardinal feature in the Harding plan for
permanent stabilisation of the coal In
dustry. yet in its tentative stages.
The administration plan, said to em
body many Ideas of Secretary Hooker, is
designed to halt the walkout and perma
nently prevent recurrence of the inter
mittent strikes. While details have been
kept secret, it was said, the preferential
freight rate feature would be relied on
as one of the most effective points tn a
Government policy which contemplates
stabilization by keeping the mines work
ing evenly and preventing transportation
congestion In the periods when demand
is greatest and the mines producing
feverishly.
160 Applicants for
Every 100 Jobs Now
WASHINGTON, May 3.—A decided and
continued upward trend In employment
throughout the country during tho last
thirty days was reported today by the
President's conference on unemployment.
For every 100 Jobs available there are
now I*3o applicants, as compared with
22C applicants In January, the statement
said.
"In other words." the conference's
statement said, "where there was work
for only 44 per cent of the seekers three
months ago, there are now Jobs for 02
per cent."
RECEPTION FOR L. G. NEWBY.
KNIGHTSTOWN, Ind.. May 3.—L. G.
Newby, newly elected grandmaster of the
Grand Encampment of the United States,
at New Orleans, will be the guest of
honor at the Masonic reception by
Knlghtstown Coiumnndery No. 9,
Knights Templar, Thursday night, May
4th.
CRUDE petroleum, the raw material
employed by the Standard Oil
Company (Indiana), is so varied a
material, that to manufacture products
of standard ouality, requires a profound
knowledge of petroleum chemistry and
the utmost skill in refining. Long ex
perience has proved that the greater
the scientific knowledge employed the
more perfect will be the products
manufactured.
The responsibility for the manufactur
ing of Standard Oil products is placed
upon the shoulders of men trained to
recognize the delicate variance of each
complicated operation. This work also is
checked carefully by highly trained sci
entists employed in the laboratories.
The Standard Oil Company (Indiana)
bases its standards of manufacture upon
the sendee which its products shall ren
der the consumer. The maintenance of
such standards is dependent upon the
technical knowledge of the experts who
formulate them.
There is no factor in the activities of the
Standard Oil Company (Indiana) which
yields greater benefit to the consumer,
and which is followed more insistently,
than that the men who have charge of
each process must have highly spe
cialized knowledge of every step in the
process under their jurisdiction.
This fact is so well established that each
division of the manufacturing depart
ment has come to be a separate enter
prise, and because of this extreme spe
cialization every product coming from
the refinery is in effect a primary product.
For instance, the department which is
responsible for manufacturing Polarine
and other greases is in charge of men
who have made a profound study of
lubricants of this class: men who know
intimately every step and every reaction
which is necessary if these lubricants
are to meet the high standards of quality
which the laboratories have set.
And so it is in every department of the
organization. The men in charge of the
several departments are recognized by
the industry generally as masters of the
intricate problems of manufacturing and
marketing.
It is this fact wh’ch has made this Com
pany a leader in its field.
Standard Oil Company
( Indiana )
910 So. Michigan Ave., Chicago. XU.
INDIANA DAILY TIMES
R. N. Elliott
i 1 ■i ■■ mmmmmm—mmmmmmmmmmmmmmnmmm—mmmr
Republican ( ongreubniaii renominated
in Sixth district.
Floods May Ruin
‘Gamblers” Crop
VISALIA, Cal, May 3—According to
United States Weather Bureau officials
the famous grain belt on tho bed of the
Tulare I.ake, now practically dry, are
threatened with inundation this season
from the snow waters of the Kern River,
In which event fortunes made last sea
son by those "gTain gambler*" who
plant on the very bed of the dry like
and trust to weather conditions 100 per
cent perfect for their own noeds will be
wiped out.
The grain men have been warned that
the K"rn River watershed may be ex
pected to furnish more water this sea
son than can be used for irrigation pur
poses and, therefore, the surplus will
find Its way Into Tulare I.ake for the
first time in a number of years.
BETRAYER AIDS
IN QUEST FOR
GIRL’SSLAYER
John Wyman, Former Fiance
of Gertrude Hanna, Joins
Father in Search.
HOOPESTON, 111., May 3.—W. T.
Hanna formed a vigilance committee to
day to ferret out the slayer of his daugh
ter Gertrude, church worker and teacher.
The father of the girl whose body was
j found in the basement of the United
Presbyterian parsonage four weeks after
she disappeared, appealed for his friends
to aid him in looking for the slayer.
"The crime must not go unpunished,”
he said, "Justice must be done.”
One of the first of Hanna's friends to
Join in the private Investigation was John
Wyman, confessed betrayer of the girl.
Urges Whipping Post
to Order
SAVANNAH, On.. May 3.—EBtabliah
| ment of a whipping post for the punish
' ment of criminal offenders was advo
! rated here by Judge E. T Surley of
Warreuton, temporarily presiding in the
Chatham County Superior Court.
The remarks of the Judge came during
the course of a lecture he was delivering
to a negro woman who hod entered a plea
of guilty. He said it is a great problem
with the Judges to determine what *o do
I with some prisoners, especially women.
He expressed his belief tfcßt 250 lashes
with a buggy trace In Installments of
fifty would be beneficial to the prisoner
! and could be .well applied in many other
cases.
Statement of Condition
OF THE
Employers
Indemnity
Corporation
KANSAS CITY, MO.
Insurance bldg.
ON THE
Ist Day of December, 1921
E. G. TRIMBLE, President.
JOHN WOODHEAD, Secretary.
Amount of capital paid up....f 700,000.00
I NET ASSETS OF COMPANY.
; Cash in banks (on Interest
and not qn Interest) ) 312.553.30
I(eal estate unincumbered.... 7<5
Bonds and stocks owned
(market value i 1,276,260215
Mortgage loans on real es
tate ifree from any prior
lncuuibranco) 911,174 41
Accrued securities (Interest
and rents, etc.) 31,372.11
Premiums sod accounts dus
and In process of collection 475,0K1.4ft
Total net aaeets $3,08*v553
LIABILITIES.
Reserve or amount neces
sary to reinsure outstand
ing risks I 507,447.83
Contingent reserve 152,91*9.14
Lot,*** unadjusted and In
suspense 1,183,676.83
Bills and accounts unpaid... 60,679.27
■Other liabilities of the com
pany 40,074.3 ft
Total liabilities *2,024,877.27
Capital 700 000.00
Surplus . 313,176.41
Total *3,038,053.08
State of Indiana, Office of Commissioner
of Insurance.
I. the undersigned. Commissioner of In
surance of Indiana, hereby certify that
the above ia a correct copy of the state
ment of the condition of tho above men
tioned company on the 31st day of De
cember, 1921, as shown by the original
statement, and that the sail original
otatement Is now on file lu this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL.) official seal, this Ist day of
April, 1822
T. S. MoMURRAY, JR.,
Commissioner.
Statement of Condition
OF Tine
Paciilc
Fire
Insurance
Company
NEW YORIJ, N. r.
09 John st,
ON THE
31st Day of December, 1921
C. V. MESEROLB, Fresident.
H. B. LAiIY, JR., Secretary.
Amount of capital paid up....$ 400,000.00
NET ASSETS OF COMPANY.
Cash in banks (on interest
and not on Intere-rt) $ 257.287.33
Bonds and stocks owned
(market value) 2,100,718.53
Mortgage loans on real es
tate (free from any prior
lncumnrancs) 94,500.00
Accrued securities (Interest
and rents, etc.) 18,205.07
Premiums and account', due
and In process of collection 430,893.63
Accounts otherwise secured.. 24,945.81
•t,
Total net assets $2,941,552.26
LIABTIITIES.
Reserve or amount neces
sary to reinsure outstand
ing risks $1,331,033 82
Losies adjusted and not due. 282,006.40
Losses unadjusted and In sus
pense 95,049.77
Other liabilities of the com
pany 30.000.00
Total liabilities $1,738,790.99
Capital 400,000.00
Surplus 802,752.37
Total $1,941,552.38
Greatest amount In any one
risk $ 100,000.00
Itats of Indiana, OBce of Commisaloner
of Insurance.
I, the undersigned. Commissioner of In
surance of Indiana, hereby certify that
■ the above Is a correct copy of the state
ment of the condition of the above men
tioned company on the 31st day of De
cember, 1921, as shown by the original
statement, and that the said original
statement is now on file in this office.
In testimony whereof, I hereunto sub
scribe my name and affix my
(SEAL.) efflsisl seal, this Ist day of
April. 1828
T o • v v*
HE WTO BLOCK C?
Hart Schaffner & Marx Guaranteed Clothes for Men, Young Men and Boys (8 to 18).
In Our Model Grocery
Quality, Service, Moderate Prices
Exclusive Distributors for Indianapolis and Vicinity of Park
and Tllford’s World's Best Food Products.
Bread on Sale Only From
8:30 A. M. to 12 M.
Sun-lit Bread, hot from our ovens.
All pan breads, including rye, graham
and whole wheat. One-pound j“
loaves, while supply lasts, loaf... DC
Choice Cuts of Fresh Meats
Meats of selected quality—fresh and
tasteful. Qualities such as these can only
bo oltained in the better markets. These
prices aro to your advantage.
BOILING BEEF. 1 9lm
pound * “ '
BEEF RIBS, fine for roasting, 4*7
pound
fork boast, ?2c
pound v
No Phone Order*.
P RUNES, Cali
fornia, large stiver
prune*, oq
pound OjC
EYAPOK A T E I>
A P RICOTS, extra
fancy OQ
pound J v.
PURE EGG
NOODLES, Lud
wig's (dozen pack
ages, $1.30), 1 |
each 1 iL
PEELED APRI
COTS, in heavy
syrup, Park Jt Tli
ford. No. 2Vi • can
(dozen cans, A P
*5.30), can *xJC
BREAKF AST
BACON, ma
chine 8 lice and and
derlned. ‘JC,.
pound JJv.
ROYAL
luncheon
COFFEE, onr
own o 1 e n and of
the finest cof
fees. perfect
aroma and fla
vor (3 pounda,
95c), on
pound OuV.
$lO COAT aid DRESS Sale
Latest Spring Models—Up to $22.50 Qualities
For Women and Misses
j! |j j
A sale such as this can only come \ \ I
through a stroke of unusual iner- In
chandising. An inspection of the n
styles, the fabrics, the qualities
will reveal to you the true worth of Begins
the garments and the large saving Thursday
that is possible. at 8:30
The Coats-
Sports and street models of
velours, polaires, jerseys, burel
las, herringbones and silver
tones. Full, roomy styles with
raglan sleeves. Mannish
pockets, belts and buttons.
Tan, gray, sand, brown,
Pekin, tangerine, SIO.OO.
Domestics
and Bedding
DRESS GINGHAM—27-inch
width; fast colors, beautiful
plaids, checks, also full range of
solid colors; up to 39c or
qualities; special, yard... .muv
BED PILLOWS —Size 18x25;
Blled with chicken feathers; filling
sterilized, curled, dust free; beau
tiful art tick coverings; a QP
good $1.25 quality, each
UNBLEACHED SHEETING —4O
inches wide; heavy, firmly woven
cotton, for sheets, bolsters, bed
spreads, aprons, etc.; reg- | o
ular 25c quality, yard lOC
UNBLEACHED MUSLI N—36
inches wide; good heavy quality,
for sheets, bolsters, aprons, bed
spreads, etc.; extra • *J\/ ,
special, yard Vu/2\-
UNBLEACHED SHEETING—
-2*4 yards wide; close, even
weave; easy to bleach; QC _
extra special, yard JDC
CURTAIN SCRIM—Yard wide,
plain center, with hemstitched bor
der; white, cream and Arabian col
or; extra special, 1 A.
yard IUC
P I N E A PP L E,
sliced, in rich sy
rup, Park & Tiiford,
No. 2V4 can (dozen
cans, *4.60), o/i
can J 9 C
COUNTRY GEN
TLEMAN CORN,
Park & Tiiford
brand (dozen cans,
$265),
can ZJC
TOMATOES, extra
fancy Jersey, Park
& Tiiford, No. 2
can (dozen cans,
can° 3) :.. 18C
SUCCOTASH, ex
tra fancy, Park &
Tiiford, No. 2 can
(dozen cans, QC
*4.2O), can, >OC
PEAS, Early
June's, Park A Tii
ford brand (dozen
cans, $2.65), O'J
ean hJ C
CHEESE, Wiscon
sin full cream
brick, or
pound oDC
SARD INES. in
pure olive oil, Norse
brand, Z\ oz. *)*}
can L JC
C R A B M E A TANARUS,
packed In Japan,
Namco brand—
-14-oz. can..
6 - oz. can... . 400
CRYS T A L
WHITE SOAP
CHIPS, large OO
package t. OC
KIRK’S
FLAKE WHITE
SOAP,
10 bars,.. JxOC
—Fifth Floor.
THE BASEMENT STORE
The Dresses—
Silk dresses of Canton crepe,
eharmeuse, satin, crepe de
- chine, taffeta, trinkletone, crepe
knit and silky weave.
For afternoon, business or
street wear. All the latest
style features; effective trim
mings ; light and dark colors;
SIO.OO.
All-Wool Suits
for Men and Young Men,
sm jpi Qt Two Pairs
I jL Trousers
Included at
Qjp $18.95
Coat, vest and two pairs long trousers, all
for $18.95. Remember, every suit is all wooL
Regulars and stouts.
All-Wool Men’s Trousers
CATE An Extra Pal*
IrtcPf /= With Your
rKlLhj coat and Vest
Good, serviceable, all-wool fabrics. In
cluding all wool blue serges, excellently tai
lored to stand hard wear. Patterns to match
suits as well as good, durable all-wool work
trousers. Sale price, $2.98.
Golf Knickers, $3.95
For Men and Young Men
All-wool fabrics. Left from golf suits by cus
tomers who preferred only long trousers. This
is about wholesale cost.
Men’s Khaki Trousers,
Sale Price— 1
Aluminum
Utensils
Up to $2.40 Qualities
SI.OO
Best quality, 999* pure seam
less ware; with just ordinary
care they will last a lifetime.
The values offered In this sale
are remarkable.
DISHPAXS, 12-quart size.
DOUBLE BOILERS OR CEREAL
COOKERS, 2-quart size.
TEA KETTLES, 5-quart size.
WINDSOR KETTLES.
ROASTERS, 11 inches In diameter,
with air valve.
SAUCEPAN SETS, 1,1%, 2 and 2V£-
quart sizes.
PERCOLATORS, teapot spout, 6-
cup size.
CONVEY KETTLES, 8-quart size.
PRESERVING KETTLES, 5 and 6*
quart sizes.
DAIRY BUCKETS 8 quart fiize.
ALSO INCLUDED IN THIS SALE—
WEAR-EVER ALUMINUM
PIECES IN
PRESERVING KETTLES, 6-quart
size.
SAUCEPANS. 2%-quart size.
STEWPAX SETS, 1 and 1%-quart
PUDDING PAN SETS, 1 and IV6-*
quart sizes.
FRYING PANS, 7-inch.
SINK STRAINERS, triangle shape.
WALDORF TOILET PAPER—
Fine grade tissue; 050 sheets to roll.
fIL. 39c 3£“7Bc
—Fifth Floor.
11