Indianapolis Times, Indianapolis, Marion County, 12 November 1942 — Page 17
CINESS
North Africa Is Not All Desert; It Has Economic Value to Allies By ROGER BUDROW
THE DISPATCHES ABOUT NORTH AFRICA are
chiefly concerned with the military aspects of the American campaign. But there is more to it than a brilliant piece of
‘military strategy.
North Africa is not all sand and scattered oases and
roving desert tribes. Much of it is intensely cultivated. One ‘of the world’s greatest larders is in Tunisia, Morocco and
‘Algeria. Before the war Europe (mostly France) obtained quantities of wheat, barley and other grains, linseed and olive oil, meat and fruit from that area.
The value of these imports ran to"
284 million dollars in 1938, the latest year that statistics were published. After the Nazis overran France most “of this food was
grabbed for Ger-|
many and France was left without. with all but
Tunisia in Amerjcan hands (at
this writing)
Germany will be cut off from these food sources. : : Thus the allied Mr. Budrow plockade of Eugope grows tighter.
2 s
BUT THERE IS another important aspect. Anyone can see at a glance how our supply routes have been reduced greatly (or will be when allied control of the Meditranean is assured.) The convoys that take our men and materials to North Africa can return with products we need badly. " These include olive oil, cork, hides, gine, lead, manganese, flax, iron ore, antimony, mercury ‘and molybodenum. We do not have ¢ griongh of any of these. True; the mineral resources of these countries haven't been exploited as fully as they might but still the available supplies are considerable, 5 2 ” 2 » ODDS AND ENDS: A week ago today Indianapolis set another alltime record for electricity consumption—2,834,000 kilowatt-hours. Tuesdays will be “meatless days” on one U. S. airline (American). Glue factories are prospering from war demand; substituting wood for metal and curtailment of nail manufacturing are the chief reasons. . . . Army had to add honey and a chemical to keep its dried apricots, prunes, figs and dates from getting too hard when shipped to tropical posts. . . . British say colds will increase in this country because of fuel rationing; it happened there. . . . One chemical company claims it has a deodorant that will perfume a skunk. . . . Venezuela can supply nearly a million pounds of silk cocoons a year, but it will go to make powder bags, parachute lines and balloon thread, not stockings.
"FEWER TYPES OF WIRE ARE ALLOWED
- WASHINGTON, Nov. 12 (U. P.).
diu = The war production board has oi
prohibited manufacture of non-es-sential types and styles of barbed wire, wire fencing and poultry netting. The order permits manufacture of only one type of barbed wire compared with eight styles usually obtainable, and reduces from more than 100 to “a very few” the per-
"mitted types of fencing, netting and
‘flooring. . WPB officials said that the order amounts to doubling the tonnage of steel available for essential wire uses since it will enable a greater amount of wire to be made per ton “of metal.
To Keep Valuables Safe Rent a Safe Deposit Box at
* THE % INDIANA NATIONAL BANK
of Indianapolis
PRICES. ON HOGS DECLINE HERE >
Quotations 15 to 30 Cents Or More Lower Than
Yesterday.
Hog prices slumped 15 to 30 cents or more at the Indianapolis stockyards today, the argricultural marketing administration reported. The top was $14.10 for good to choice 160 to 180-pounders. Bulk of the hogs sold from $14 down. Vealers were steady with a $16 top. Receipts included 10,500 hogs, 1400 cattle, 400 calves and 3700 sheep.
HOGS (10,500) [email protected]
20- 140 ] [email protected]
330- 360 Ll [email protected]
Medium— 160- 200 pounds
Packing Sows
Good to Choice— 270- 300 pounds [email protected] 300- 330 pounds ... [email protected] 330- 360 pounds ... 13.75@ 13.85 360- 400 POUNAS .eeevocses.s [email protected]
weesssssssss [email protected] cecen seeeess [email protected]°
Good— 400- 450 pounds 450- 30 pounds
Mediu Meo 350 pounds Slaughter Pigs
. | Medium and Good—
80- 120 pounds [email protected]
CATTLE (1400) Slaughter Cattle & Calves
Choice— 1700- 900 po 900-1100 1100-1300 1300-1500 Good— 700- 900 900-1100 1100-1300 1300-1500 Medium— 700-1100 pounds 1100-1300 pounds
[email protected] 16.00 1 25 16. 25 seseessscsse. 16. 0011. 125 ‘i [email protected] [email protected] [email protected] . [email protected]
pounds .. pounds ...esco0acse pounds ...ceccee eesas pounds ...ecco00e
cecsssssncss [email protected] eee [email protected] Common— 700-1100 pounds [email protected] Heifers Choice— 600- 800 pounds ...... cecons 800-1000 pounds .... Good— 600- 800 pounds .. 800-1000 pounds Medium— 0a 200 pounds ..
[email protected] seseseses [email protected] [email protected] [email protected]
Coos 7900 pounds “ee . Cows (all weights)
[email protected] . 10. ne 10.75 [email protected] 6. 0g 7.75 Bulls (all weights) (Yearlings Excluded) Beef—
Good . ceeens . [email protected]
Sausage— Good (all weights) .cceee.. Medium
[email protected] [email protected] [email protected]
CALVES (400)
Vealers (all weights)
Good and choice 15.50 18 00 Common and medium 10. 061s .50 Cull (75 lbs. up) [email protected]
Feeder & Stocker Cattle & Calves Steers
Choice— 500- 800 pounds’ 800-1050 pounds Good— 500- 800 pounds ..ccocccce.s 800-1050 pounds .... Medium— 500- 900 pounds Common— 500- 900 pounds Good and Choice— 500 pounds dOWR .cees0e00..s [email protected] Medium— 500 pounds down ......c.c.. « 11,[email protected] Calves (heifers) Good and Chojce— 500 pounds down ....
[email protected] eessses. [email protected]
ecsssssccses [email protected] eeeccotetoce 9.5§@10.50
POPULAR
BECAUSE IT'S MADE RIGHT AGED RIGHT.. RINNE
FULL 3202. QUART
GET 5 FULL GLASSES
Pox De Luxe rig Co. of Marion,
FOX DE LUXE
[email protected] SHEEP AND LAMBS (3700)
: Ewes (shorn) Good and choice ......ccc000. $ 5.50 Common and choice .......... 4.00 Lambs Good and choice
Medium and Good -Common
6.00 5.50
. [email protected] 3. gid 50 13.25 Yearling Wethers Good and" choice Medium
00@12. [email protected]
LOCAL PRODUCE
Heavy lead hens, full-feathered, 18c¢; Leghorn hens, 16c. Springers 1, 1bs. and over: colored, 20¢; barred and white rock, 21c; cocks, Roasters, 4 Ibs. and over; Cotored, 30c; white rock, 21c; Sarted d rocks, 2 21¢. All No. 2 poultry, 3 Eggs—Current receipts. 5 "Be. and up,
Graded Eggs—Grade A, large, 39c; grade medium, 37c; grade A, small, d50; no
Eile ao. 1. os : 46%c; nity Ne No. BQ4Bls ns Ny, Toy ? Prices on produce delivered at’ Indian. spolis quoted by Wadley Co. Wood (Alan) Steel Co. 9 months ended Sept. 30 net profit $419,044 equal to 71 cents a common share vs. $791,214 or $2.07 a share a year ago. ;
ens
Se these 8 Suis now!
& OVERCOATS
See these wunredeemed clothing values before you buy! .
SUITS
S™ 95
OTHERS
& 4.95 6.95 ’1.95
at
ol med SE CE with the savings!
[OIL SHORTAGE
MAY BE EASED
Pacific Areas Now Held By Allies Will Be Tapped; ~ Crisis Not Over.
By GEORGE WELLER
Copyright, 1942, by The Indianapolis Times wy ins The Chicago Daily News, Inc
SOMEWHERE IN AUSTRALIA, Nov. 12.—Oil resources within the Pacific areas already held by the allies, when developed, may somewhat allay the progressive depletion of American oil reserves caused by the burden of war supply being borne by the United States fields, it is stated here. Some oil already has been tapped in Kansu province, China, and the establishment of ‘refinery facilities is under consideration by Generalissimo Chiang Kai-shek’s government. Australian resources are also under discussion
-
& fields and reducing tank ship needs as well as checking the drying of American fields. The search for oil within allied regions to supplement America’s production has been given a whiplash by such statements as that of
{the American senate public lands
committee,r warning the United States that an oil crisis is near and that America’s “burning up the oil content of one major oil field every five days.”
Still Face Oil Crisis Another warning statement was
o|issued by Charles Roeser, former
president of the Independent Petroleum Association of America, to a senate subcommittee in which he stated that the drain by the allied war machine was fast consuming resources which “were nowhere being replaced by new discoveries.” Oil borings in northwestern Australia, in the Kimberly region, were suspended by the commonwealth in February, according to newspapers here, “for strategic reasons,” and no work has been done since. The boring had reached an advanced stage but was still somewhat less than the mile depth whieh Australian experts said it was necessary to penetrate. At that time the Japanese forces threatened Darwin and Timor-based |! bombers occasionally raided the northwest coast towns of Australia. The commonwealth, therefore, considered it expedient to close down operations which are under the direction of the Freny Kimberly Oil Co.
Must Halt Depletion
It. is considered that because the Dutch oil fields at Palembang, in Sumatra, and Tarakan in Borneo, and the British oil fields at Meri at Sarawak and in Burma, have been taken by the enemy, everything possible must be done to halt the depletion of the American fields carrying the burden of oil production. ’ America is the only allied power except Russia which now produces refined oil in quantity within its own borders. Russian shipments to outside allies has been virtually nil and cut off by the Caucausus campaign.
Need Double Supply Although eventually the push to
[email protected] | Asia by the American navy in the “doi ” veebes ing many things” until Dec. 2 or 11.15@13.%| Pacific may free Indonesian, Bur- This 2 eriod Visually is the | Des
mese and Borneo oil fields, it is pointed out here that, according to the senate lands committee, the allied war machine will require twice as much oil next year as this, thus heightening the burden among the American fields. Another Australian oil fleld has figured recently here in the press with mention of the “lakes entrance” fields, located in the state of Victoria in well-populated and accessible southeastern Australia. Conversations have been under way between an “Australian oil drilling syndicate” and Minister of Supply John Beasley. Wells which produce about 10 barrels per hour of excellent grade oil, 85 per cent pure emulsion, have been recently unsealed. The government claims the right to acquire| yn the company’s interest at any time for approximately $80,000.
LOCAL EXPORTS RISE DURING SEPTEMBER
Indianapolis exports in September totaled 13,052,751 pounds, Francis Wells, commerce department office, ported today.
re-
pounds and September, 1941, exports were 5,721,462 pounds.
DAILY .PRICE INDEX
NEW YORK, Nov, 12 (U, P.).— price index of 30 basic commodities,
average: equals 100): Tuesday [IRE RENN NNN TY 160.46 Week 880 .ccccocccccccscssss 160.60 Month ago ccceecevecccssces 159.98 Year ago cessesseese 144.14 1942 High (Oct. 1).ccv00eese. 16145 11942 Low (Jan. 2) .....i... 151.54
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Local War Plant Training Ground Crews for Allied Air Forces.
(Continued from Fade One)
working day. Mr. Kroeger said no problems of fatigue were anticipated, on ‘account of the small amount of lifting the employees now have to do. Mr. Kroeger and others in charge of the factory and training-school
army officers and 'newspapermen who have been making a trip through some of the schools G. M. is running for men in the combat services. / The Allison school is one of those under the direction of the air force technical training command. The Indianapolis school, like seversl others of the 16 in G. M.’s educational group, trains the men who service the planes at the air fields here and overseas. It is housed in an old paperproducts plant. The trainees come not only from United States forces but from the air forces of Canada, New Zealand, China and Chile, and men from its instructional staff of over 60 have set up similar schools in England and elsewhere,
Schools Send Students
An additional number ‘of students come from technical schools, airplane factories and the more than 60 civilian schools in this country under contract with the army. The importance of the training program was described to the same visitors in Detroit the other day by Col. H. J. Conway in these words: “When men and machines are exhausted in combat, they withdraw behind the protective screen of fire, and then it’s the army whose maintenance forces get its equipment back in order first which wins the war.” Emphasis on Altitude
, Training of the ground crews now fefiects the same emphasis which manufacturers are feeling, the need for attaining altitude in the fighting planes. As O. T. Kreusser of the Allison staff expressed it, the pilots with the altitude are the men who decide where the fight is going to take place, and altitude, in addition, adds the speed of the descent to the speed of the plane. Thus the need for altitude steps up the intensity of the maintenance work done on the plane and affects in turn the training given the men in the factory schools. The air force decided, according
work here talked with a party of -
paper products factory here.
to Mr. Kreusser, that servicing could best he learned close to the factories which turn out engines and planes. This was because only there could the trainees work on new engines, parts and airframes. Out in the field they could be spared only “hopelessly obsolete” models for instruction. The 1939 Allison engine, it was disclosed, is now numbered among the obsoletes. Learn Trouble Shoofing Schools at the factories give the students material which fail for some reason to pass inspection, and thus they learn how to shoot trouble. Here also they learn what parts are needed in the field and at the fighting fronts. They are taught how important it is not to send supplies where they are not needed, and why, for example, crankshafts must not be shipped to places which lack the facilities to install them. Graduates of the Allison school go to all four of the “echelons” or maintenance sections of the army air forces, two make adjustments and minor repairs and two the heavy repairs and complete overhauls. Some are sent to “fire squads,” those mobile units which go from field to field showing maintenance crews how to handle engines new to them. | When they finish the work here the men. are specialists. One group knows how to repair engines, an-
{other carburetors, a third radios and
so on. The intense specialization is
the same as that which in the big Allison factories has broken down the jobs into all their elements.
‘Use Auto Plant System
Only in that, manner, one borrowed from the automotive industry, could the motors be manufac-
tured in the first place or maintained after they had been accepted by the services. Even the tools are specialized, so closely packed is the machinery in a plane. Most of them would be useless around an automobile. The visitors were also taken on a tour of the largest of the Allison factories. They saw how far air-plane-engine building has appropriated the best automotive practice, but noticed how the Allison plants differ in having larger stocks of finished parts stacked along. the assembly lines, This, it was explained, is due to the far larger number of parts the airplane engine has, some 7000 pieces, plus-the fact that airplane engines are not yet made in the volume that auto manufacturing used to enjoy. “Runs” of a one-week supply of a particular part have to be made. In an addition to the largest plant—not to be confused with the new plant being completed several miles away—the company is installing a conveyor system which will bring the assembly of . the Allison engine still closer to the
Young men from Canada, New Zealand, China and Chile as well as United States are being trained to repair and service Allison airplane engines at the front. The Allison training school is in a converted
old marvel of the Michigan, auto industry. Here, as in other airplane engine plants, the motor is taken apart completely after its first test run, the parts inspected over again, and the job reassembled and run under test again. The intention of the Allison management to extend the working day from eight to 10 hours, and the working week from 48 to 60 hours, results solely from the shortage of supervisory forces, General Manager Kroeger explained. For the present working Wesk, employees now receive overtime pay sufficient to bring it up to what they would be making in 52 hours of straight time. Under the new plan they will receive 70 hours’ pay for the 60 hours’ work. Though this increases the “take-home” by nearly two-fifths, the decision was not made with the intention of attracting new workers, Mr. Kroeger said. The program is solely aimed at making it possible to get along with fewer supervisors in propotrtion to the total number of persons employed, according to Mr. Kroeger. With three shifts of employees it is necessary to have three shifts of supervisors, and after the change is made, two shifts will do, each group of employees having the same number of foremen as before. Production is not expected to decline following the change, he said.
CHRISTMAS CLUB'S GAIN IS SMALL ONE
NEW YORK, Nov. 12 (U. P.).— The Christmas club will distribute $410,000,000 to its more than 8,000,000 members this year, Herbert F.
2 per cent more than paid out last year and the average distribution will amount to $49—slightly more than in 1941. Distribution of Christmas club |G money will be made to members by approximately 5000 banking and
ganizations during the club-spon-sored national prosperity week starting Nov. 30. . ° Rawll said that Pearl Harbor was responsible for the small increase over 1941, explaining that on Dec. 7 millions of Americans stopped
for enrollment and many thousands of 1941 members failed to join for 1942.
LOCAL ISSUES
Nominal quotations furnished by local unit of National Association of Securities Dealers. Bid Asked Agents Fin Corp €OM....... % ... Agents Fin Corp pfd waa ees Belt RR Stk Yds com 41 Belt RR Stk Yds 6% fd Bobbs-Merrill com Bobbs-Merrill 4%% pf Comwlth Loan 5% | pid Hook Drug Co co 12% Home T&T Fi Wayne 7% pfd 3
Ind Gen Serv Indpls P&L 5% % ota. . Indpls P&. com Indpls Rlwys Inc. com. Indpls Water % 3
Lincoln Loan Co 5 . Lincoln Nat Life oe, com. N Ind Pub Serv 5%% pfd.. Ind Pub Serv 6% pid N Ind Pub Serv 7% td Progress Laundry com *Pub Serv of nd. 59% pid.. *Pub Serv of Ind Inc COM. ..ce : in So Ind G&L pid Union Title 2 com United Tel 5% cose Van Camp She pfd ceevenen van Camp Milk com ...eeee 11
Bonds Algers Wins'w W RR %%.. 89
American Loan 58 51 ..... 4 46......... 98
K Morris 5&10 Stores 5s S50.. Muncie Water Works 5s 65.104 N d Pub Serv 3%s 6!.. > 101i N Ind Tel ol 5
¢Ex-dividend.
U.S. STATEMENT
WASHINGTON, Nov. 12. (U. P.).— Government expenses and receipts for the current fiscal year through Nov. 10, compared with a year ago;
Yea Last Yi Expenses. .$24,781,587, 010. % $7,824,885, 455.67 War Spd.. 22,650,690,901.18 5,492,880,917.49 .o 4,647,683,201.73 2,704,893,485.19 Net Def... 20, 131,532,458.27 5,067,483,967.48 Cash Bal.. 4,332,534,746.24 3, 533,717,934.45 Work. Bal, 3,570,021, 72.95 1, TLALL 14 Ly 08 Pub. Debt. 08,24 7,068,980.54 61,23 3.,608,471.99 Gold Res.. 232, 740, 481,306. 306.53 22,789,053,900.42
INDIANAPOLIS S CLEARING HOUSE Clearings ‘¢.... ve. .$ 6,510,000
savings institutions and other or- ¢
N. Y. Stocks
Net Low Last Change 3% 5-16 5-16 —3-32 141%a — Ya 26 — % N0Ya + a 171 3
6 11% 129 44% 3% 28%a 33s
Allegh Cofp . Allied Chem . Allis-Chal Am Can Am Can pf ....171 Am
Rad & 8 S. Am Roll Mill.. ad Am T & . +
A Sotining es Balt & Ohio .. Bendix Avn .. Beth Steel .... Borden LL Ag .
Curtiss-Wr .e Douglas Airc . Do h
Gen Electric .. Gen Foods .... 3 Gen Motor Goodrich Goodyear 2 Hecker Prod .. Indpls Pw & Lt 12% Int Harvester .. 54%a Int Nickel ... Int T& T . Johns-Man .... 66 Kennecott ... Kresge SS Kroger G & B.. L-O-F Glass .. Monsanto 81 Mont Ward ... Nash-Kelv .... Nat Biscuit ... Nat Cash Reg. . Nat Dairy NY Central . Ohio O Owens Tit Glass Packard 2 Pan Am Airs .. Paramt Pict .. Penney Penn RR Phillips Pet ... Procter & G .. 5
cessv cee
Rem ni epublic sti’ Jears Roebuck Servel Inc Socony-Vacum South Fae std O Cal ... Std Oil Ind . td Oil N J ..
: oe jtudebaker ... wift & Co. fexas Co
Timken RB... United Atzeret
Zenith Rad .
Complete New York stock quotations are carried daily in the fina} edition of The Times.
- OTHER LIVESTOCK
T WAYNE, Nov. 12 U. P.) .—Hogs— 0 1bs., 135:
00-400 1bs., 50-160 1bs., 140-150 1lbs., 613. 5: 1 -140 1hs., $13; 100130 lbs., $12.75.
Roughs, $13. 25: stags, $11.50; male Jiog2, $9.50 down; cal lyes, $16; lambs, $14. ewes, $5.25 dow :
‘| tion; withdraw
MOST GRAIN PRICES
ARE LITTLE CHANGED
CHICAGO, Nov. 12 (U. P). — Grain futures held narrowly irregular on the Board of Trade today.
% | corn and rye retained a firm under-
tone and other grains moved within a narrow range of the pre-holiday close. At the end of the first hour wheat was off %4 to up % cent a bushel, corn was up % to 3%, oats unchanged to off %, rye up % to % and soybeans inactive. In the December options wheat was unchanged from the previous $1.25%, corn up % to % from Tues-
| day’s 831% @83%, oats off 4 from
the previous 50% and rye up % to 1 from the previous 623% @62%. After a conference last night between officials of the office of price administration and the commodity
*leredit corp. the CCC acted to re-
lease loan wheat, without waiting
* | for the final OPA flour ceiling, to re- . lieve the squeeze on mills.
The CCC assigned a group of au-
. thorities to work out a formula for
the program, based on substantial subsidy to producers above loans,
thus forcing this grain out of stor-|-
age. The OPA strongly urged that the
«| commodity credit adopt a flat price
on all wheat but soft red.
CHICAGO LIVESTOCK
Hogs—Receipts, 15,000; market, 15 to 25 cents lower than Wednesday's average; weights over 250 lbs. and sows off most; market dependable at decline; supplies, 180 lbs. and down steady; good and choice 190-300 lbs., $13.80@14; top, $14 freely; 160-180 lbs., $13. nas 90; good and choice 300-500 lbs., $13.80@14.
Cattle—Receipts, 5000; calves, 300; fed steers and yearlings strong to 25 cents, mostly 10 to 15 cents higher; all grades showed advance but medium to gr gathered full upturn; largely $14 @16; An with steer supply unusually Small; strictly choice offerings absent: top, $17.15, with several loads at $16 B@1T; Sl all light cattle; heifers firm,
-| best, $16; cows very active ag ain, steady
cows bulls 10 to 15 cents up; new high on crop, heavy isate gReringes $12.90; vealers firm [email protected]; stock cattle, slow, steady, $11.50@14, with choice
fed lambs, fat ewes opening
to strong; weighty cutters to $9; good beef to $13;
— [8] steer calves to $15.50 and better.
Sheep—Receipts, 6000; yearlings and slaughter double decks hoice fed lambs, $14.75; six double choice yearlings with five months wool, $13.25; deck good, $12.75; early bulk slaughter ewes, $5. 75@5. 90. eee eee
%| Incorporations—
Pokheim Oil Tank & mp Co. Ft. Wayne; amendment Aion capital’ ‘stock to 345, 000 shares common no par value. Holland Studois, Inc., New York corporation; auinitted to Indiana to engage in photography business. a Dy Boranberry Co., - Peru; amendment changihg name to Hammo! ondEikenberry Co. at Douglas Shepard, Everett, Mass.; tion of tr ade-mark, design: class 38; clothing vl and Supply "do., Tlinols ¢orpa : ange of agent "to Jacob 8S.
ite, 1511 Merchants Bank bldg. Inanapolis. Ben Hur Life Assn, Crawfordsville; amendment of articles of incorporation. The Barrett i New Jersey corpora-
The Credit Clearing House Adjustment Corp., Delaware cerporation; withdrawal. Carson Petroleum Co., Illinois corporajon admitted to Indiana to deal in petroleum products.
We Own and Offer:
_ A SAFE DEPOSIT
BOX Sy 18 Low cose 9 ey ANCE
$3 to $100 a Year Membr, Bederal Do Deposit
- Security Trust Co.
+ $5,000 Indianapolis Railways, Ines 5%, Bonds $5, 000 Traction Terminal Corp. 5 % Bonds
Prices on Request
If you can manufacture any of these materials, contact the war production board, 10th _ floor, Circle Tower building, Indianapolis. Asterisk indicates plans and specifications are on file there.
BIDS WANTED
ARMY MISCELLANEOUS Invitation Number Item
FO-2-3-42—Fuel oil and kerosene 43-90—Sheet steel for vet. adm. dianapolis, Ind. 40-S—Bleaching material, powder, D-29—Plaster D-35—Excavating burs 2 X-77— High frequency machine accessories, electrodes 27 NAVY
Date Bid Closes
NSD-143—Bearings 3 NSD-185—Packing, oil pans, pins, pistons, pinions 2 NSD- 172—Cylinder sleeves
WAGON WHEAT Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.24 per bushel for No. 2 red wheat (other grades on thelr merits). No. 2 yellow shelled corn was 6c sushel and No. 2 white shelled corn, 8 No. 2 white oats, 46c, and No. 2 oats, 46c. MILK PRICE IS $3.19 The uniform milk price to be paid producers for deliveries in the last half of November is $3.18 per hundredweight, William A. Wilson, Marion county marketing area milk
ANCE GRC
Chosen President of Organization.
olis was elected president of the
nance Companies at an organization meeting in the Claypool hotel today.
Mr. Henderson is vice president of the Commonwealth Loan Co. of Indianapolis; and succeeds Paul A. Hancock of the Model Loan Service, Inc., of Indianapolis. > Other officers elected include W. B. Nichols of the Public Loan Co. Clinton, vice president; Irvin Wesley of the Lincoln Loan Corp, Indianapolis, secretary; Mr. Han- ° cock, treasurer, and Robert GC. Hamilton, Indianapolis, was reelected executive secretary. 3 The Indiana Association of Personal Finance Companies is a trade group of licensees making consumer loans under the provisions of the Indiana small loan act, with a membership of 250 offices throughout the state.
MERGER OF PIPELINE FIRMS IS PROPOSED
NEW YORK, Nov. 12 (U. P.).— Directors of Buckeye Pipe Line Co. Indiana Pipe Line Co., Northern Pipe Line Co. and New York Transit
Co. have approved a plan of unification for the four companies and will present it shortly for stockholders’ ratification, it was disclosed today. A joint announcement by the companies said that special stockholders’ meetings to take necessary action to carry out the plan have been called at various dates inthe near future with a view toward consummating the plan by Jan. 1, 1943. The boards of the respective companies, which are mutually interdependent and have always had a common management, have been considering ‘Unification for some time and are convinced that the companies should be operated as a single enterprise with the stability and protection that it will afford, the announcement said. : The plan provides that Indiana.
and that Buckeye acquire all Hes stock of a new Pennsylvania cor-*
Harbor Plywood Corp. 9 months ended Sept. 30 net income $160,663 equal to 17 cents a common share vs. $332,071 or $1.92 a share a year | ago. i
“ALL RISKS’ INSURANCE
Personal Property
—a single wggage—sports
wearing pa s—in the home, on vaca:
708° tion, at the cleaner’s, in taurants of hotels— from the common hazards of
BURGLARY © THE tf + Il 4, flood, myste pearance: and mony oddisional perils.
The cost is less than you'd imagine
GRAIN DEALERS
MUTUAL ik
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III ry
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The CHIC
146 E. CHI
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JEWELRY Co. Inc.
ICAG
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‘We buy usable Wite {2 armen, hang
48 Stores A All Over Indpls.
Naturally you can buy Home Furnishings Heaer HERE heeasise Sur over= head is less. Bedroom, m, Room and Dinette Furniture
BATES STUDIO
2310 North Meridian
Ste hi d Secretarial opis: raphic an Day. ad evening sessions, Lincoln 8337. Fred W. Case, principal.
- Central Business College
Architects and Builders Buil © Siri % Vermont Sts, isn 34
, Strong Accounting,
Lux Laundry for Beiter Service
Phone on
LEON TAILORING 60
235 Mass Ave. 1a the Middle at
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Tra
hy a 1, 1/2, 710 2a
AT OUR UsvAL bow iii 3
Pipe Line be merged into Buckeye’
poration to which will have been ; transferred the assets of Northern: . and all of the stock of a New Yorke » % corporation to which will have been: ~. Vi ‘| transferred the assets of New York: . !
Ss On )n_Everything! -
s HOLDS ELECTION -
fi
Henderson of \niianapolis’ ivy
Lloyd S. Henderson of Indianap-
Indiana Association of Personal Fi« ( +¥
NEE EE J
i” i SER e Anan wim STR 5 8 NE A REFN 050 SW 60 HR ANS Hl M8, CE HE 0 > - v
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