Indianapolis Times, Indianapolis, Marion County, 20 January 1941 — Page 7

BUSINESS

Three Big Automobile Commoanies

May Bring Out New

_———— By ROGER BUDROW

~~ THREE OF THE BIG AUTOMOBILE may bring out new models soon, according to t ~ Journal. The three are Ford, Buick and Che - = None of the new models would interfere models because they will be introduced shor

y 55 ' said. . - Ford is expected to announce his - Jong-rumored and often-denied sixcylinder car about the middle of ~ next month. The motor would be interchangeable with the company’s eight-{ cylinder motor and the car would be about $25 lower than the present sight- cylinder model. If Ford does this, he would : follow the ex- ; 7 ample of PonRoger Budrow x mobile division of General Motors which also have interchangeable six and eight-cylin-der engines. Chevrolet is expected to introduce a series somewhat higher-priced than its present basic line, stressing puxury appointments and fittings. Buick has kept very quiet about its plans, but it is believed the company is on the verge of announcing

new models designed to reach either 3

' “higher or lower-income groups. Packard may do the same thing in a month or so. o » 2

A. F. OF L. UNIONS filed more cases (175) with the local National Labor Relations Board officials last year than C. I. O. unions (134), according to the report of Robert H: Cowdrill, director. Wi filed by individuals or indedent unions. Fifty elections were conducted by the local office, 22 strike cases set-. tled and six threatened strikes averted, Mr. Cowdrill said. » E- ”

.. ODDS AND ENDS: Price of | Iridium has jumped from $148 an ~ounce to $300 because of speculation, not shortage, Leon Henderson of gk Defense Commission says. . . . Crosey is now making a small motorboat juipped with 10-horsepower inboard motor at a new Miami Fla., plant and is working on a powered tricycle. . . . Walter von Treschow, economist, says U. S. may have 20 million unemployed when the war is over. . . . Price’increases in nylon

stockings aren’t due to the defense Medi

program or the du Pont company that makes nylon material, according to the Defense Commisison, so that leaves the hosiery manufacturers or the retailers to take the blame.. . 10,174 skilled: defense - workers were registered With the l} Public Employment Service™in Indiana on Nov. 23, Federal Security Administration Paul V. McNutt says. . Pierre F. Goodrich owned 2813 shares directly in Ayrshire Patoka Colleries Corp. Indiana coal mining company, in November, SEC reports. Ernest M. Morris held 24,702 shares of common and 470 shares of preferred in Associates Investment Co. of South Bend.

"STEEL PRODUCERS MORE CONFIDENT

CLEVELAND, Jan. 20 (U. P.).— Steel producers and consumers feel more confident regarding the future since both already have weathered several months of apparent stringency without suffering real distress, the magazine Steel said today. The authority stated that the Bteel situation now seems ‘“‘calmer,” ‘even though incoming business is as great ‘or even larger than before,

" because both producers and consum-|

ers are better adjusted to unusual conditions. : “Whereas a month ago orders were in large measure for immediate requirements, with pressure for rush shipments, ordering now is largely in anticipation of probable requirements, some consumers asking to be placed on order books as far ahead as fourth quarter to assure places on rolling schedules,” - Steel said. “In the long run,” the magazine continued, “pienty of steel seers - assured, though temporary scarcity ay continue to be felt in certain _ Items and instances. Producers are now better experienced’ in rationing|® steel to exact requirements. Consumers are more patient and reasonable as to getting places on order books and receiving shipments on current needs. Apparently no condutfier has been compelled to shut or curtail operations because ack of material.” } St Trade Journal reported steel production up 1 point last week to “per cent + of capacity.

“ LOCAL PRODUCE

Heavy breed hens, 12c; bareback hens, 16; Leghorn hens, 8c; bareback a ens, Tc; Barred and White Rock springers, 13c; other colored heavy breed springers, 12c; Leghorn springers, 11c; bareback 8 ingers. 9c: old roosters, . diana Grade large eggs, 15¢; LR

diana Grade a media eggs, Sntall Gr ade d No. gg. eggs, 12c¢; no rade, 13c. : Brute tter—No 33@33%c: No. 2, 31@ 81%ec; stat No. 28c: No. 27c. ountry J oEup oR quoted by the ; - Wadley Co.

GAIN

PERMANENTS Croquignole Steam Oil Permanent complete with hair cut, shampoo, -up wave : ] Fingles

RORERTS BEAUTY

tiac and Olds- fod

Thirty-one cases|

Models Soon

COMPANIES he Wall Street srolet. with the 1942 tly, the report

TOP HOG

-15-Cent Adve

All Divisi

Broad demand received at Indi ay booste pric

cents of the pre the Agricultural reported. The practical

than last Satura,

PRICE

‘RETURNS T0$9 |

Ie Made in ns Here;

* 7750 Received.

for the 7750 hogs apolis stockyards ps 15 cents her y and within 10 yious week’s high, Marketing Service

top advanced to

Barrows Good to Choice— 120- 160

Choice— Geod— 500- 750

Choice—

(¥earlings Beef—

GOOd .eiissrenia. Sansage— ] ,Good i

Goo1l and choice ‘Cull

Common — - b 00

Good and choice 50C down .... Meditm— 500 down .... lve-.

. $00 down .... SHEEP AND |

Good and hob Medium and 8 Common .... Ye

Good a choi Medium

seees

Good and choi Common and n.

CHICAG

~540- aT 270-300 ws. | 40 1. $7 pis, only’ meager si ‘poly steady: several Pr load 1213-1b. lower grades. dealers paying lings, otherw pest steady: Most ferings, $12.7 cows slow a

up to se

cuters, $6.25 downwa

aon

good

on her Res and handy weight f bulk fed ewe p to $6: cull and ward from n $4 50.

DAILY NEW Y Dun & B

price index! of 30 compiled FS

Saturday foveees Week ago i..... Month ago .. Year ago 1940-41 Hi

shee

528 Ansideblisetis Ave.

1940-41 Lov

Cutter and common ‘un {Vealers

Common and medium

-1k. averages, $8. i

nothing done hne very weak; $11 downward; but not mueh above 31i; ut steady with last Friday;

down; PR TRely ted Stes] pts, 7000; generally *

pon An jambs, $10.50@ 10.55; 3, [email protected]; ch

gh (Jan. 9, 1941) .. pr (Aug. 19)

$8.90 for good and choice 220 to 230-pounders, bui one duplicated last week's top of $9.

small lot |

Receipts 8 850

AEE

Auto-Alrcraft Factories Team Up.

wo. | build parts for

N_DAKOTA MINN.

S. DAKOTA ral Motors to

North American’s iowa 8:25 8 ; ord to build parts} for Consolidated’s

‘Santa Monica

San Diego Consolidated lant

N hn Aviation’s plant

= STOCKS SLUMP

IN LIGHT TRADE

£ Steel Mills to Operate This

Week at 99.1 Per Cent Of Capacity.

NEW YORK, Jan. 20 (U. P.).— Stocks made an irregular decline today in light turnover. Steel shares were suppo:fed when

tute announced operations for the industry were scheduled this week at 99.1 per cent of capacity, up 0.6

“| tonnage basis.

13.75 is: 00 [email protected] [email protected] [email protected] [email protected]

9.00@11 00 [email protected]

7.50@ 9.00

11.75@12 | « 10.00@11 5 | [email protected]) | 7.00@ 850

4.50@ 525

excluded) 7.15@ €.25 7.50@ '.€5 7.00 ‘50 %.00

6.25 [email protected] 2,00

ad Stocker Cattle teers

ceipts,

502)

[email protected] 10.00@10

8.50@ 9.25 7.50@ 8.50

[email protected]

[email protected] heifers)

arling Wethers

8.75- 4.25

dvssssene oe

Ewes (wooled)

4.75@ “.50

3.50@ 4.80 |N

O LIVESTOCK;

AEE 15,000; sarly nt 8

trade maostwy ome interests cents

[email protected]; 7.406 65;

fis 906. Calves, 1000; ed steer sold; mostly $12.50@15; one rime 0815.78: sprinkle with fecder 11.25 on fleshy yearon fat fed heifers, choice of-

2 vin

rd: cows, crop (mall;

Kk bulls, Steady; weighty Sausal 2 offerir g: $8; most sly si [email protected]; wi Bgl

Taf s kinds run

steady d chéice gn oice Westarns common grade down-

PRICE INDEX

RK, Jan. 20 (U. P).— treet’s daily weighted

basic commodities,

r United Press (1830- 32 average eqitals 100):

senses sssv ene

sssseveno en

195.21 . 41242

FEDERAL HOUSIN

More and more persons are finding they can afford to own a new home on the FHA Plan. Perhaps we can help you finance a home that your income will carry.

“THE UNION TRUST

yMember Federal Deposit Insurance

G LOANS

COMPANY

Corperation

utos,

on Everything! Diamonds, Watches.

Cameras,

hitg Shot bd |

) most of the leading shares.

A511

9.00@1).00 |X [email protected] | {

mH Ro

Bethlehem Steel cut ¢down an

py early loss of more than @ point to

% point, selling at 84. U, S. Steel replaced a loss with a % point net gain at 66%. support after a loss of more than a point. Small declines were notgd among Rails behaved better than other sections and some of them were steady at

+ | the previous close. Coppets and oils

were narrowly mixed. A few of the

land Commonwealth Edison made minor gains.

Aside from the steel riews there § ans little market information touche

{ was sway the list. The Street found | nothing in thle Presidenfis address

, to affect b the market.

LOCAL ISSU ES

The following quotations by the Indianapolis Bond & are Corp. do not represent actual LL of offerings, but merely indicate the approximate market level based on buying and selling quotations of recent transactions

Stocks {Agents Finance Corp com. & Stk Yd

Life os com ... 39 Pub Serv 5%% p N Ind Pub Serv 6% i N Ind Pub Serv ki pid. . Progress Laundry Pub Sery Co of “ind un

Van Camp Milk pf Van Camp - Milk com

Bonds American Loan 3 51 American Loan gatizens Poa 25 *eVeb e T& Wayne 5'%s Crabb- Reynolds. Taylor 58 42. ome L&T F 8s 43..

n¢

nd Li 1

0 s 66 Water works Ss St hner hacking S41

forri: &:10 Store une

Nat § Ind P N [nd T 8 Pub § if Co o

4 Richmend Crater § Trac Te rl Co SEx-dir idend.

the American Iron & Steel Insti- A chiso

| point from the previous week and|g “lat an all-time record high on a

Chrysler met some g

| uthities, including North American :

i Lockt llard

Net High Low Last oo we

6% +

Adams EXp .... Alaska Juneau.. Aljegh Lud Stl.. Alien Indust .. Allis Cl Ara Car & Am Loco

Amp Am Roll Mil Ara Roll Mil pt 1% Am Sto Arma T 167% Am . 12% Am 123% Am Zinc iE) a 25% Armour s. Aymour IU pf.. 51% 313g 22% Va

Ay mstiong Ck..

HHH) + DHL

Briggs Bklyn-M

Caterpillar T.. elan 2

2 Cluett

Cpl Broatgals A 1 19% ol fA... 8 3%

38% 107% 13-16 28 4 29 Ya

7 22%

PIER EE HR

Aircraft. Coppernms ge Edison....

Curtiss-Wr .

[leere & Co.... D Lac & W....

..136'% 35% 1%

13597

Fast Kodak . Eaton Mig .... frie 1 pf

iH;

fv F Dep St cv pt 95% Tires one T . Tirestone pf A. “104% Wheel.. 17%

95%

104%;

x "oster 11%

Gamewell Coins N% AY

8% 34 3 45 i 6 | 962 612

: wee DY Gen Electric >e 342 Gen G&E A ... (Gen Motor. 45% (yen Motors pt ‘126 en Stl C pf 562 (3imbel Bros ... oi 13%

30 oodrich 13% Sreyhnd 5% pf 11%a 11% a ef

bl fF ye

Hayes Mfg .... 3 Homestake .... 51 Houston Oil ... Howe Sound ... 35% Hupp Motor ... 9-16 ——f

fl Cent pf .... 16% Inland Stl Interchem pf ..112 Interlake Ir ... BB Nickel

3 51 4 35% 9-16

16%,

t+ lle 4

Ir:

Kaufmann pf... jRennecol

116 21% 7

Leh > Sem f..116 | p A

‘Car Fh Pein isi

2 | Mm 103 g

{ 1 i

{ Mathie

{Mc

Ma i Fy ¥'%

Mc.

Midland Stl ot 134 Mo Pacific -pf.. 3-16

3-16

NEW YORK, Jan.

panies and their subsiciaries. The Association, in| a 62-pa change Commission, protested divisibn that bidding cn utility issues be at all times competitive, = | Emmet F. Connely, president of the IBA, in a letter to the Commission which accompanied the protest, sought SEC .support inl seeking to “have the broad questions of public policy involved in the piopesed rule thorougly exploded at public hearings before the House committee on Interstate and Foreign: Commerce’ and urged that no action be taker to place the proposal in effect until some such discussion has beer, held. Mr. Connely’s letter also objected to the short time alidweq by the SEC for opponents of the measure to prepare their statements. The brief declared that corapetitive bid. ding for utility issues would be “diss criminatory and unfair to thousands; of investors, country banks and small dealers throught the coun: try who have had neither time nop opportunity to study the repert.” a cong y summarised the IBA position e followin nine-poty statement: be t 1. Compulsory bidd ng would he damaging to ' inves:ors becaus,

Any increase in price would bring & decrease in the yielc to investors 2. The underwriter making the |skimpiest, cheapest investigation and contemplating the cheapest disirian gould. pay the Ne ot

among other things, of over-pricirg.

8 Investmont Bankers au Competitive Bidding Proposal:

30 (U.P) —The investment Bankers® Association |a of America went on record today as formally opposed 36; petitive bidding for new security issues. of public. utility holding

to compulsory comcom-

brief filed with’ the Securities & e proposal of the SEC’s public utili es

5. Compulsory bidding would force the concentration of distribu-

tion into relatively few hands “to the detriment of small investors and |! dealers.” 6. Compulsory bidding is not the best available means for judging the reasonableness of spreads and prices. 7. Compulsory bidding would not help the SEC meet {ts statutory responsibilities under the Holding Company Act and it would still be necessary to examine the reasonableness of price and spread after the bids had been received. 8. Compulsory bidding would conflict with th etheory of the Securities Act requiring a thorough and searching investigation by a responsible ‘underwriter. 9. The advice -of the vestment banker and .the work he does in setting up an issue could not be provided under compulsory bidding and could not be replaced. :

THR AT JET COL

demand

TONSILINE|

JB 0

pl Lia 8 PAIN IN

motor plants will make parts for 3600 pla:

% Saturday

» | Month Ago . a | Year«Ago

~| Saturday

AT waoil....

# | Young Shoot jo

—1-16]1bs.

Here is the nation-spanning setup under which automobile and aircraft industries will form a production partnership to increase output of United States warplanes. In Detroit, where some Douglas bomber parts are already being manufactured for West Coast assem bly, | these pictured. Aircraft companies will assemble these oh in the Midwest and Southwest. Sites of

and North American assembly plants ! have not yet been announced.

N. Y. STOCKS

8y UNITED: ¢RESY

like rtin

DOW-JONES STOCK AVERAGES $0 INDUSTRIALS 129.75 40.21 ves. 133.25 —0.24

Saturday . .e Week AZO .....es. Month Ago Year Ago 145.13 —0.51 High (1940-41), 152.80; Low, 111.84. High (1939), 155.92; Low, 121.44. 20 RAILROADS . -—0.13 -0.08 -0.07 -0.10

Week Age

High (1940-41), 32.67; Low, 22.14. High (1939), 35.90; Low, 24,14. 15 UTILITIES Week Ago Month Ago Year Ago . High (1940-41), 26.45; Low, 18.03. High 3039), 27.10; Low, 20.71,

Net High Low Last Change

Nash Kelv ./.. Nat Biscuit

gese 17 es | Nat Cash Reg

Nat Distillers «il Nat Lead 1 Newpt News sh 25 N ¥Y Central.... 14% NYNH&H “a 1 NYNH&H of. No Pacific .... Pace G&El P:

Packard Paramt Pict <..

Pe D Cem ... Phillips Pet |... Procter & G .. Radio Republic 8. seyn bees oyn ao [071 Rustless 16841

Snider Pkg |. .. Socony Vacuum

Sid Bran ds pt 111% Std O 19%, Ed S ind ieee Std Fijeese'3 Studebaker : Sun i {

8% 23% nT 37% 317

Swift ps Co

“ye

Texas Corp Si Tex G a Tex PLT

37% 37 4 10 32%

Plt +H le + H+

Tim D Ax >... 32%

Pula Carb |. Pacifi ... 81% eee 41% eee 1Y4 ‘ee ou D eas e 295%

«es 65% 1%

81% 41% 1% 4% 10%, 22, 65% 11

HELL

he 1 bt

A..11-16 11-16 -.3Y 3% 304 10111 hi

2% 2215

pr a

Yellow Saw

i | Young S& bi

it ih

F OTHER LIVESTOCK

CINCINNATI, Jan 20 (U. P.).~Hogs— Rectint, 9250; active, weights ftom %le0 : cents high het jhay Friday;

Zenith Red . 14% +

lighterieignts,

325." 100. 140 os. $7@17. 1s: a es ck Hs! SOWS, 3. 75@7; smooth lightweights to

ttle Receipts, 1300; calves, 300; siaughie:” Tattle: ‘trade moderate ‘active!

canner ; most medium $7@8; common down to : od Then “Choice '[email protected]; common and medium, [email protected]; culls down to $6. Shee p-—Recei ts. 250; active, prices fully steady orn lambs slaventer gwes, steady; around 75 head to g0od to choice, 87 1bs. d -1b. trucked-in 1 naes "$10.25@10, 75; m edium 8G 10: lightweight Culls down to §6; common and medium slaughter ewes, $1.50@ @2.50; good lightwel $3

+ | flation.

a (EEP HER 80LD? ;

U. S. Has 80 Per Cent of World Supply Now, Senators Point Out.

WASHINGTON, Jan. 20 (U. P.).— Senators friendly to President Roosevelt's British-aid program proposed today that Britain and other democracies which would benefit by the lend-lease plan be permitted to keep their gold to facilitate postwar re-establishment of an inter-

national gold standard They, pointed out that an estimated 80 per cent of the world’s

|monetary gold stocks already are

accumulated. in the United States. American economy would be seriously threatened, they argued, if Britain and other countries continue to sell their gold to this country at

| the fixed $35-an-ounce price to ob{tain dollars for their arms pur-

chases. Britain's gold reserves are virtually exhausted, according to Treasury Secretary Henry Morgenthau Jr. He told the House Foreign Relations Committee that Britain had $205,000,000 of gold in the United States or en route here, and $33,000,000 of gold scattered in various parts of the world that cannot be shipped quickly or safely to.this country. These figures, he said, represented virtually Britain’s total gold holdings. Stabilization Fund Gone

Other Treasury officials said that the $2,000,000,000 British monetary stabilization fund was practically non-existant, virtually all its gold being pledged. This. was surprising to many economic experts here who previously thought that Britain had as much as $1,000,000,000 of gold in American vaults. An influential Senator who declined use of his name contended that under the plan to lend or lease arms to Britain and other anti-Axis democracies, it should be unn sary for those countries to send their existing gold reserves or newly mined gold here except for safekeeping. Since there is a demand in some Congressional circles that Britain give some assurance that she will repay arms loans by post-war shipments of armaments or commodities, such as rubber and tin, these Senators proposed that Britain set aside 50 per cent of its annual empire gold output to insure payment of interest and principal on armaments lent by the United States. Aid to Future Such a requirement, they emphasized, would serve a two-fold purpose—first, avoid denuding Britain of gold and give it a stake in joint efforts by the democracies to get the post-war world back on the international gold standard; and, second, prevent further increases in this country’s huge gold reserves which economists say already constitute an inflationary threat. Government economists, discussing the Senators’ proposal, endorsed any program which would prevent

‘| further increases in this country’s gold stocks. 3

They pointed out that the prac= tice of selling gold to this Government to obtain dollars tended to increase - the volume of idle bank funds, potential base for credit inWhen the Government bought gold, fhey explained, it is-

2 |sued new money to pay for it and

these new funds found their way into bank deposits.

Pledge Investments On the other hand, they said, extension of arms loans to Britain would not affect bank deposits be-

i;| cause only existing’ reservoirs of ,| money or credit are tapped and no

new money is created. The economists suggested as an alternative to the gold proposal, provided collateral is required for the arms loans, that the British put up as security their investments here and in Latin America. These investments, including securities and

estimated.

WHEAT PRIGES SLIP

CHICAGO, Jan. 20 (J. P).— Wheat prices on the Board of Trade lost’ a minor fraction of a cent in quiet dealings today. Other grains as well ruled lower. At the end of the first hour wheat was off 4 to 3% cent, May 863%c. Corn was off 3% cent; oats un-

1s changed to off % cent; rye off %

to % cent and soy beans off % to %. cent.

WAGON WHEAT Indianapolis grain leva ng ying for No. heat, 84c: to market Shange, thet erades on th merits, Oa. ow ir merits” Oui

or above.

PT. WAYNE, Jan. penis, higher; Soria’ Be bs, J0.30, 0! 360-180 Ibs

530 = Sain 80; 55-ai0

$8.40; 50 1b. i WR 7:80; 350-400 Ibs. $7.70: 180-180 ihe. $7 36: 10-180 Toa. 81; a a% He ds = go.80: sta ses, 38. 25; calves, $13.50; Reughs{®

INDIANAPOLIS CLEARING HOUSE Clearings aieae

SERRE LAER ARTES

ay AS YOU

§ i cash hy 4 BR,

Convince yourset by EASY | PA [ any kind

SAT Tha +

How to Hold

FALSE TEETH

More Firmly in Place

De false teeth annoy and emby slipping, dropping or wabBIOg. when you eat, laugh or talks Ju st rinkle little PF tes. alkaline ton-acid)” No more firmly

t' sour. 8: denture breath). y at any drug store.

ou from Ao dry at Wo new EAL

RS Tanti

RiAL tistaction guar ay cost,

PAY AS LITTLE AS 50c WEEKL

FRACTION OF CENT|=—

the rate of a carload a sale, contractors’ and ind St.

fense requirements,

About 40 carloads of new merchandise are being unloaded at y at Vonnegut Hardware Co.'s new wholetrial supply building at 400 W. Maryland Ten miles of specially-built shelving are being installed in the basement alone to accommodate supplies. : and control will be moved to the new building from the 120 E. Washington St. location in a few weeks, leaving only retail activities downtown. With Indiana in third place in defense spending among all the states, the Vonnegut firm is stocking up large supplies of de-

The firm’s general offices

SECURITY TRUST ADD DIRECTORS

Arthur ‘Shea, D. M. Campbell Elected at Meeting Of Stockholders.

+ Two directors were added to Security Trust Co. board at the annual stockholders’ meeting today. They are Arthur C. Shea, Indianapolis division sales manager for Indiana Bell Telephone Co. and Donald M. Campbell of the banking firm of Campbell & Getters at Kendallville, Ind. Directors re-elected include E. W. Harris of Hamilton-Harris & Co.; Edward B. Raub, Indianapolis Life Insurance Co. president; Samuel J. Mantel, attorney; Irving W. Lemaux, George W. Snyder, William Soren and H. V. Brady. —’Mr. Lemaux was re-elected president; Mr. Snyder and Mr. Storen, vice presidents; Mr. Brady, treasurer; G. S. Blue, assistant treasurer, and Reily G. Adams, secretary.

Citizens State

All officers and directors of the Citizens State Bank at Beech Grove, owned by farm bureau organizations, have been re-elected. Directors are Frank C. Beall, Marvin J. Briggs, Russell C. Briles, Leroy Eppley, I. H. Hull, C. C. Palmer and Hassil Schenck. Mr. Hull is president; Mr. Briggs, first vice president; Mr. Schenck, second vice president; William Iverson, cashier, and V. R. Iverson, assistant cashier.

MANUAL TO OFFER SALES INSTRUCTION

Instructors for, several new evening division classes to be conducted at Manual High School for the benefit of, present and prospective salespersons were announced today. Enrollment for the courses is to be held at Manusl from 7 to 9 p. m. tonight, tomorrow and Wednesday nights. The classes will meet once a week for six weeks. Miss Gladys Hole, training director for H. P. Wasson & Co., will conduct a course in effective speech for salespeople. Mrs. Alpha Palmer, L. S. Ayres & Co., will direct a course in selling foundation garments; John W. Hoffman and Don P. Campbell, both of the Wm. H. Block Co., will conduct courses, respectively, in shoe salesmanship and in selling men’s wear.

GRIFFITHS RETIRES

PITTSBURGH, Jan. 20 (U. P.).— Frederick J. Griffiths, executive vice president of Copperweld Steel Co. and in charge of the firm's Warren, O., plant, has retired, it was announced today.

72 Degrees in Air Transports

PITTSBURGH, Jan. 20 (U.P.).—~

| Development of an automatic device

to. provide living-room air condie

tions in transport planes at all ale titudes was announced here today by Pennsylvania Central Airlines. Accurate to within one degree, the automatic steam pressure valve is designed to keep airplane passenber cabins heated to a constdnt 72 degrees Fahrenheit though outside temperatures ranging from 20 below to 70 above zero. , The heating system, similar to 8 household steam heat plant, is ace tivated by a small, air-driven motor, controlled automatically by exhaust air passing out of the passenger cabin, according to Luther Harris, engineering vice president of P. C. A. Exhaust air from the cabin is drawn over sealed bulbs containing an expansible liquid, he said. The expansion and contradiction of the liquid -adjusts the motor controller to warmer or cooler operation, Steam for the system is generated by the heat of exhaust gases from the plane’s two engines, while the heat controlling motor:is operated by the vacuum set up in the ex= haust gas manifold, Mr. Harris said,

FOREIGN EXCHANGE

NEW YORK, Jan. 20 (U. P.).—Following are noon cable rates on major currencies:

Cable Rates, Net Chg, England (pound) $4.04% 007, Canada (dollar) Italy (lira) . Finland (markka) ..... Switzerland (franc)... Sweden (krona) Japan (yen) Mexico (peso)

FOOD PRICES

CHICAGO, Jan. 20 (U. Michigan JonatHans, bu., $1. Moan TAPS Cole ery—Michigan Squazes, 40c@$1, Tomatoes — Mexican, Jugs, $ [email protected]. Spinach — Texas, bu., ae; Caulifiower—Califore nis, crates. [email protected]. Carrots—Californ; 2@3. Lettuce — Arizona, ra $2. 503. 40. Sweet Potatoes—Tenness bu. [email protected]. Onions (50-1b. sacks) Tiinols Yellows, 65@90c; Minnesota ‘Yellows, 65c§ Colorado Sweet Spanish, 40c.

Roast Turk oS orkay Me

for Only— Delicious Roast Turkey with complete menu.

Ya COFFEE SHOP

210 W. Maryland St.

“HOME OF THE BRAVE”

1:45 DAILY

WFBM