Indianapolis Times, Indianapolis, Marion County, 20 April 1943 — Page 15
Et = AR BIG aiol S SaGoi
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BUSINESS
Importing Cars From the East Limited by Government Gas Ban
eee By ROGER BUDROW:
IMPORTING CARS FROM THE EAST isn't quite as easy as it once was, a large local used car dealer says, because the government has clamped down on it by allowing gasoline for only 200 miles. Right after the ban on pleasure driving in the East, there was quite a business in buying up cars and driving
ee = PRICES ON HOGS DROP 10 GENTS
by train but that is slow and costly Porkers Weighing 200 to
business. It sometimes takes a month or more to get them out 225 Pounds Bring Top 0f $14.90. |
here.” For that reason the dealers keep frying to buy up used cars locally if possible. Prices on hogs dropped 10 cents at the Indianapolis stockyards today, with 200 to 225 pound porkers bringing a top of $14.90. Receipts included 10,500 hogs, 1750
Their biggest source, naturally, cattle, 525 calves and 75 sheep.
is the draftee. The dealers that formerly dealt in new cars are getting into the used car business also. The demand 1s Mr. Budrow = 14 proplem; there is plenty of that around here from war ‘workers. It’s the supply that is the bugaboo. Some of the demand comes from small towns where workers depend entirely on cars to get them back and forth to work. Prices are reportedly highest on the West coast where not only the transportation cost has to be added in but where demand is so good from the well-paid shipyard and aircraft workers. : 8 2 GENERAL MOTORS has written off as losses some $47 million it had invested in subsidiaries inenemy or enemy-occupied countries. Biggest of these was $34 million in its German subsidiary, Adam Opel A. G. Others were in Japan, France, Belgium, Denmark, Java and elsewhere. 2 ” ”
CURTISS-WRIGHT has received another $4,400,000 grant -from the Defense Plant Corp., government financing agency, for the Indianapolis propeller plant. That makes $28 million in all the U. S. has put into building and machinery at the local plant so far. o ” » ODDS AND ENDS: A Des Moines, Ta, theater has “breakfast matinees” at 6:30 and 8:30 a. m. for night shift workers; 30 cents includes coffee and .doughnuts also. . . Among the 15 most active stocks on the New York exchange yesterday, only three cost more than $15 a share. * eo Stock €xX~ change “seats” (memberships) sold as low as $17,000 last year but in-|Mediu creased business has boosted them! canner to $48,000 now. + . . Since the Carnegie-Illinois scandal, steel plate. production in other mills has reportedly . fallen off considerably; FBI men investigated other mills, made workers and bosses jumpy and over-cautious. . . . London is cutting mail deliveries from four a day to three. . . . The New York merchant, J. Bernard Gimbel, is being talked for a big OPA job. ‘500- 800 pounds
‘GRAINS ARE STEADY | 2 == ON BOARD OF TRADE |% ome
500-1000 pounds 300-7900 pounds CHICAGO, April 20 (U. P). — {Calves trloetss Grain futures ruled steady to firm|.. 4 and Choice— on the Board of Trade today. 500 Pounds down .... At the end of the first hour wheat| 5" sor 00 aon was uhchanged to up % cent a Calves (heifers) bushel; corn unchanged at OPA| Good ond Chole ceilings, and oats and rye unchanged to up % cent each. In the May options wheat was unchanged to up % from the previous $143% @%: corn unchanged from $1.05; oats unchanged from 62%c and rye unchanged from 83%c.
HOGS (10,500)
120- 140 pounds 140- 160 pounds 160- 180 pounds 180- 200 pounds sesese
[email protected] . [email protected] [email protected]
330- 360 . [email protected]
Medium— 160- 200 pounds Packing Sows Good to choice— 270- 300 pounds 300- 330 pounds 330- 360 pounds 360- 400 pounds .
Good— 400- 450 pounds 450- 550 pounds
Medium— 250- 550 pounds
Slaughter Pigs Medium and Good— 90- 120 pounds CATTLE (1750)
Steers
[email protected] . [email protected] cevssesssns [email protected] esssssecsces [email protected]
. [email protected] . [email protected]
Choice— 700- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds ... Good— 700- 900 pounds oe 900-1100 pounds ....ceeeceees 1100-1300 pounds ...ceccees 1300-1500 pounds .ece.. Medium— 600- 800 pounds .. 1100-1300 pounds Common— 700-1100 pounds
Cho 800 B00 pounds Jn! 000 pounds ssecsccssecs
00d— 600- 800 pounds ccceovsocenes 800-1100 pounds ...eocoescsee Medium— 500- 900 pounds .. Common— 500- 900 pounds
Cows (all weights)
®ecscssne
. [email protected] [email protected] . [email protected] [email protected]
[email protected] [email protected]
[email protected] «+ [email protected]
[email protected] [email protected]
[email protected] [email protected]
%0G12.25 Bulls (all weights) (Yearlings Excluded) cressne. [email protected]
Sau Good. Ga weights) «..oees. » Bo) Medi [email protected]
Beef— Sood
Yeates (all weights)
hoice 15.50@186. Common Foo medium 11. 300 15 2 Cull (75 lbs. up) 11.50
Feeder and Stocker Cattle and ‘Calves Steers ’
sesassssscss [email protected] esessssscess [email protected]
sesssceesees [email protected] cseessssses 13. 2B@1433
essesscscses [email protected]
4 Good to
Choice— 500- 800 pounds Sh0-1080 pounds
Medium— 500 pounds down 12.50914.00 SHEEP AND LAMBS (75)
Ewes (shorn) Good and choice Common and choice ........ Lambs Good to choice .........s. esse [email protected] Medium and good [email protected]
[email protected] Lambs (Shorn) Good and choice Medium and good Common
PLANS FOR CEILINGS ON LIVE HOGS READY
WASHINGTON, April 20 (U.P). —The agriculture department and the office of price administration are completing details for placing ceilings on live hogs. The action will be planned at a meeting of representatives of livestock -producers, marketers and meat “packers which opens today. Both agencies said that the actual order establishing the ceilings would be delayed as long as possible, but added that the necessity for live ceilings had become “increasingly necessary.” An OPA spokesman said that the opposition to such ceilings by producers had relaxed considerably since President Roosevelt issued his “hold the line” order.
LOCAL PRODUCE
breed hens 3% ms.’ ver,
12. 00@12. 5
More Lend-Lease In 'Réverse’ Asked
: WELLINGTON, New Zealand, April 20 (U. P). — The United States has ordered from $28, 800,000 to $32,000,000 worth of “reverse” lend-lease aid from New Zealand to be delivered this year, Supply Minister D. G. Sullivan said today. The materials will go chiefly to U. S. forces stationed in the Pacific area. Mr. Sullivan indicated in an address to the Wellington Chamber of Commerce. ‘He said New Zealand's schedule of supplies for United States armed forces this year includes 100,000,000 pounds of fresh meat, 16,000,000 of canned meat and vegetables, 2,000,000 of cheese, 48,000,000 pounds of potatoes, 25,000,000 pounds of apples and 500,000 pairs of shoes.
INSURANCE BUSINESS BETTER PHILADELPHIA, April 19 (U.P.). Total life insurance writeups in March were 13.7 per cent larger than in the year-ago month, the first year-to-year rise of 1943, - according to the Association of Life Insurance Presidents. Fryers 3 Jbs. White
LOCAL OFFICIAL NAMED Charles R. Yoke, president of the pavers. 3 and aver, colored and Fletcher Avenue Savings and Loan oo aE Leghorns, 21c; heavy breed, 22c: Association of Indianapolis, has|™gog. Current receipts, 54 bs. and up. been named vice chairman of the 3% ade satis: Alp 1963 Chamber of Commerce com-| , Graded Eege—Grade 4 large, 360; o
A Bitise ot the United States Sayings grade, 30° 1, 50c. Butterfat—No, I
and
pie
49¢c: No. 2, 46c.
Bonds of the United States Government, Its Territories and Insular Possessions
Municipal and Corporate Securities Real Estate Bonds and Preferred Sods
TOW AND RUBBER _ CHIEF USHGREE
port “has destroyed a lot of con-
12. 33013. 2 Mr. Davis said, the people the truth as aecurately
as I can ascertain it, whether Mr. president, said: “If plates of lower
Davis’ statement, said: : concern is that the American peoCutter and ‘common ........ [email protected] | ple get the exact facts in respect to CALVES (575) trubber or anything else. Elmer Davis has convinced the peo-
sssessessess 11.00©13.50 a
Am ' [email protected]
A .. 14.00015.00 Bef
00| Gen Electric’ .
Procter
3816e: "In Ibs. and under, 23%z¢ Leghorns, : Broilers under 8 1bs.,. colored and Barred White Rock, 27%c. i
Civilian Tires in 15 Months Says Jeffers; 20 Months,
Says Davis.
By FRED W. PERKINS Times Special Writer ' WASHINGTON, April 20.—William Jeffers, the rubber director, is more optimistic than the office of war information on just when the synthetic-rubber program will begin to bear big fruit—for civilians ‘as well as for military purposes. The ordinary motorist, Mr. Jetfers said today, ought to get into a
a
about the middle of 1944, about 15 months from now, while OWI‘in its
was-late in 1944. “By midsummer of 1944,” said Mr. Jeffers, “the rubber crisis should be behind us, as a result of bringing the new synthetic plants into operation.
Tires Must Last Year or More
“That is dependent on our ability under the priorities system, to get the materials to complete the plants. The way it looks now we're ging to come through all right.” His statements, however, gave no basis for hopes of some car owners that they can soon begin to use up their present tires, so far as gasoiine restrictions will allow. The great majority, according to Mr. Jeffers, shguld still plan to make their present tires last more than a year. OWI issued a report Saturday night which said that the ‘rubber situation would “darken before it becomes lighter,” and that synthetic tires would not become available in quantity until the end of 1944. Calls It ‘Gossip’
Mr. Jeffers said that OWI’s report was “a jumble of figures and gossip . . . just one of those stories that confuse the public.” “I am responsible for the rubber program,” he said, “and ought to 21 be the spokesman for it, not some 3| specialist in Mr. Elmer Davis’ office who doesn’t know anything about it.” ‘Mr. Jeffers said that the OWI re-
fidence I have been trying to build up in the public for the rubber program. , . . I don’t need the OWI to advise me on the rubber situation. I can do my own talking.”
Wants People to Know Truth
Mr. Davis, in a formal statement within an hour, accused Mr. Jeffers of trying to suppress OWI’s rubber report. “So long as I am here,” “I propose to tell
Jeffers likes it or not.” Mr. Jeffers, in a rebuttal to Mr, “My one
If Mr.
ple they are getting the facts I am delighted—but I doubt it.”
N., Y. Stocks
High 1%
5 Ya
Net Low Last Change 8 155 31% 175% 3% 1431; Va TV 28%
5 18% 3
Allegh Corp ... Allied ge ..155 Allis-Chal . an
Douglas Airo .. 68% East Kodak
Gen Mills pf . Goodrich
Tndpis pe & Lt 15% Int Harvester . 67% Int Nickel . 34% t T&T 11 oes 81 Kennecott esse 33% Kresge 22% Kroger G & B. 28% L-O-F Glass Ste Monsanto or A. 119 Nash-Kelv . 9 Nat Biscuit .. 20 Nat Cash Reg. 24, Nat Dairy . 18 Y Central . 17% Ohio on .... 17 Pan Amer Airw 2% Pen & Ford Penn
Pullman Pure Oil Real Silk Sears Roebuck. 00%
Co Tyke Un Stk Yd . Ys West Air Brake EA Westing El ... White Rock ... 2 Woolworth . | 35% Yellow Tr .... 16% Young Sheet .. 35%2 Zenith Rad .. 28%
Complete New York stock quotations are carried daily in the final edition of The Times.
KOPPERS COAL HEAD DIES PITTSBURGH, April 20 (U. P.). ~—Perry Critchley Thomas, 55, head o|of the Koppers Coal division of Eastern Gas & Fuel associates and a coal operator in Western Pennsylvania and West Virginia for 30
heart ailment.
Incorporations— js Nickel, Bradford & Clester, Inc., Indianapolis; amendment changing name to
Engineering, + Community 2 ders, Inc., Skokie, TL; admitted to do business in diana. 4, dia: in: uy ana promote groun “instruction “in aviation; no Sapital stock; Esther M. La Siolden Reynolds, Irene Hylton
steadily growing rubber-tire market|
recent review of the situation fig-| ured that the most favorable guess|
E im Cre
years, died late yesterday from a|
DAVIS TO PROBE STEEL OUTPUT
Asks | Inquiry of Reports - That Rigid Tests Curb
Production.
WASHINGTON, April 20 (U. P.). —sSenator James J. Davis (R. Pa.) wants to see for himself if steel production is actually falling off because of the Truman committee’s investigation. Davis, who started as a helper in a steel plant and served 10 years as secretary of labor, said his private investigation might involve a trip to Pittsburgh. - The committee, since its investigation of allegedly faulty steel plate turned out by the Carnegie-Ilinois Steel Co.'s Irvin, Pa., plant, has instructed government contractors to re-examine their inspection practices. : : “False and fake chemcial analyses,” the committee charged in a formal report, “were entered into the records of the Irvin works. . . .
- | In addition there was a practice of
faking the physical tests to which the finished steel plates were subjected.” “Resort to Rumor”
The steel company has admitted the charges, but last night Benjamin F. Fairless, U. S. Steel Corp.
tensile strength than now: specified
‘|are fully suitable for shipbuilding
purposes, then, in the interests of maximum production of a much needed war material, existing specifications should be modified to secure that maximum production.” -Senator James M. Mead (D.N.Y.), who submitted the formal report of the committee to the senate, said steel officials have “resorted to gossip and rumor” to circulate reports that a 35 per cent reduction in steel output would result from rigid inspection rules. The committee instructed all steel plate manufacturers to report any slumps in produc-
is tion during April which might be
attributable to requirements that the product meet government speci-
14 fications.
Chairman Donald M. Nelson of
. the war production board said in a “| telegram to
steel ' producers last week that they were not to allow
*| strict inspection to slow steel pro-
duction ‘to the point that it would injure the war effort.
PITTSBURGH, April 20 (U. P).
A —In an atmosphere clouded by
charges | and counter-charges, a federal grand jury today resumed its probe into allegations that
72 | tests of steel ship plates were faked
at the Irvin works of CarnegieIllinois Steel Corp. The ' grand jurors, who began
«|their inquiry. April 12, recessed last
Wednesday to dispose of personal affairs when" it - became apparent the probe would require several weeks. In Washington yesterday the senate Truman committee, which first uncovered evidence of testing irregularities; issued a blast at the
Ys steel firm, charging the company 35 | With “obstructing” the inquiry and
placing responsibility for the subpar material on “carelessness and
negligence of the management.”
LocAL ISSUES
by Indi. i A Asked
g a 8 8
G5 ers evass 108 Sessacience 15
esecnce 14% 105
EEEEE i Hp §
4
ne Exe, 1]
Milk pfd sevsestane 6%
Van Camp we 12 .
Van Camp Sek COM .censeee Bonds
Indianapolis Bond and Share Corp.
| Sr aa 8
defects under a strong interior light. principle of the “borescope” was borrowed from surgery.
Retail Gross Tax Is Only % of 1% |
If you are a retail merchant, Gilbert K. Hewit, director of the state gross income tax division wants you to know that you are required to pay only % of 1 per cent on your receipts from selling at retail, and that-your éxemption for the quarter: ending March 31, is $750. ‘Mr. Hewit said that many retail merchants in the state have been paying at the rate of 1 per cent. «ui He also emphasized that the legislature this year extended the time for payment until the last day of the month following the quarterly periods for which the tax is due. Taxpayers will not be subject to penalties or interest for failure to file returns for the first quarter until after midnight April 30.
STATE LAND VALUES UP 59 SINCE JAN, 1
CHICAGO, April 20 (U, P.). — Land values in Indiana, Illinois, Iowa, Michigan and Wisconsin have increased 15 per cent in the past year, and have risen 5 per cent since Jan. 1, the Federal Reserve bank of Chicago said yesterday. Present values, as reflected by sales, have been about 17 per cent above “normal” value, based on the long-time earning power per acre, the report from over 600 member banks of the seventh federal reserve district indicated. Farmers of the district. were estimated to be devoting about 45 per cent of their increased net income to the payment of mortgages and other debts. About 15 per cent has gone into war bonds, the survey showed, while 40 per cent was represented by increased bank balances and currency holdings. The demand for short-term agricultural credit was generally reported as much below normal. One or more federal farm credit agencies were reported canvassing farmers for the loans normally handled by the bank.
BUSINESS AT A GLANCE
By UNITED PRESS Canadian Marconi Co., Lid., 1942 net profit $329, 959 or 7 cents a share vs. $272,209 or 6 cents in 1941. Century Electric Co., Lid, 1942 net {income $462,079 vs. $659,738 in 1941. Colonial Airlines, Inc., 1942 net income $108,462 or 42 cents a common share. General Metals Corp. 1942. net profit $607,674 or $2.30 a share vs. $575,474 or $2.18 in 1941. Imperial Oil, Ltd., 1942 net income $14,663,007 or 54 cents a share vs. $16,144,069 or 60 cents a share in 1941. - Leonard Oil Development Co. 1942 loss $5640 vs. loss $7256 in 1941. National Tile Co. 1942 net loss $223,265 vs. loss $65,817 in 1941. New River Co. 1942 net profit $476,353 or $1.70 a commaon share vs. $594,039 or $2.18 in 1941. . O’Connor, ' Moffatt & Co. year ended Jan. 31, net profit $110,520 vs. $122,902 previous fiscal yéar. Penmans, Ltd, 1942 net profit} $376,631 vs. $347,582 in 1942. Supertest Petroleum Corp. Ltd.,
1942 net profit $302,047 vs. $360,393 | Necets Cash
in 1941. United: States Gauge Co. 1942 net | py profit $552,233 vs. $397,883 in 1941. United Biscuit Co. of America and subsidiaries 1942 net profit $1,345,568 or $2.61 a common share vs. $1,006,089 or $1.88:in 1941. Container Corp. of America — Quarter ended March 31 net profits $468,313 or 60 cents a share vs. revised net $705,714, or 90 cents year | No.
The “borescope,” shown above, is used in ane of s hundred fuipections. on the barrel of the 40 mm. field gun manufactured by Pontiac. Every inch of the gun’s barrel is examined for material or machining Such examinations once were attempted by “feeler” gauges until the
Meetings—
SALES COUNCIL
T0 HEAR SPEECH
National Secretary Talks On Responsibility of Leadership.
Clifton D. Jackson of New York, Federation of Sales Executives, will be guest speaker at a dinner meeting of the Indianapolis Sales executive secretary of the National Executive council tonight at the Indianapolis Athletic club. In his speech, “Things Just Don't Happen,” Mr. Jackson will discuss the responsibility of sales executive leadership during and in the period following the war. L. P. Fisher of the Bowes Seal-Fast Corp. is program chairman. a 2 » s Indianapolis candy jobber participation in the nation-wide drive to raise an estimated $25,000,000 in war bond : purchases during the month of April begins tomorrow night with a dinner party in the Lincoln ‘ hotel. : The right to buy large lots of “hard-to-get” candy will be auctioned off to the wholesalers in direct: ratio to the amount of bonds they purchase. : 2 8's
Harold L. Oleson, assistant general sales-manager of the Weston Electrical , Instrumént Corp, will address the:eentral Indiana section of the American Institute of Electrical Engineers at 8 p. m. Friday in the Washington hotel. He will speak on “Electrical Indicating Instruments.” oo» » ” The Indiana State Chamber of Commerce will be represented by four businessmen of the state at the annual meeting of the U. 8S. Chamber of Commerce in New York April 27 to 29. They are Louis Ruthenburg, president of Servel, Inc., Evansville, president of the -state chamber; Harry Reid, president of Indianapolis Railways; Dean H. Mitchell of Hammond, president of Northern Indiana Public Service Co., and Clifford Payne, president of the New Castle Chamber of Commerce. The meeting will be devoted to army and navy needs, production for a nation at war and post-war planning.
DAILY PRICE INDEX NEW YORK, April 20 (U. P.)— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100):
Yesterday 171.41
Ges es cnvncsssnnrss
Week ago sess ssscssettenee 170.96
Month a80 .....cocec0e0ee.. 171.85
\ S880 ten 156.97 1943 High (April 2) ........ 17240 1043 Low (Jan. 2) .......... 166.61
U. S. STATEMENT
WASHINGTON, api 20 P.) .—Government e: and ts for the current fiscal year through April 17 compared ‘with a year ago: _ This Year. Last Year. Expenses .$ 58,927,326,610 485,088,075 War Spend. 54,253, 1300, 870 0 33 300.908 008 . 15,5817, 392, 408 9,476,760,3: . 3 336, 471, 381
1h aL 28 170, Gold Reserve 23,501,531,009
INDIANAPOLIS CLE S CLEARING HOUSE
WAGON WHEAT p to the close of the Chicago market oy Indainapolis. flour mills and g elevators $1.52 per bushel or No. 4 Ly wheat (other des on their merits), and No. 2 ahd mabe,
LR and No. 3 i dialed co shelled an $1.16.
_|OPA RENT
tee.
1. Substitution of FHA down rule.
committees. . 3. Adoption of OPA of a more realistic attitude on the need for fair relationship between rents and other controlled prices. 4. Fair and impartial administration of the law. Notice of the rejection was re-, ceived by Mr. Teckemeyer and other Indianapolis real estate’ men yesterday in copies of a letter sent by Prentiss M. Brown, national price
administrator, to John Galbreath, chairman of the association’s Washington committee. Mr. Brown's letter said that “It is my judgment that the results of the ‘changes you propose would be in conflict’ with the president’ s ‘hold
| the line’ order.
“Acceptance of your proposals would result in widespread rent increases which, to wage earners and salaried workers mean substantial wage cuts. We must hold the line on all fronts and control of the price of shelter is one of the most vital for the increasing number of families whose chief support is now a member of the armed services, Pointing to Mr. Brown's statement that “we must hold the line on all fronts,” Mr. Teckemeyer said, “We quite agree, but the fact is the OPA has not done so. “The front has been held so far as rents are concerned and owners and managers alike find it difficult to understand why one class should be singled out for such drastic punishment.
Cites One-Third Rule
“The entire cost of living has risen on an average of 30 per cent which is proof enough that OPA control has been relaxed time and time again for labor, manufacturer, the farmer and others. Real estate cannot possibly continue to bear this unreasonable load and all that our association was seeking was a reasonable adjustment to bring rents into line with other living costs.” Referring to the one-third down rule, Mr. Brown wrote, “Particular emphasis has been placed by your committee upon a provision of the maximum rent regulations which restrict the sale of rental housing when the eviction of a tenant is involved. “Eviction control is an integral part of rent control. We must allay the fear of eviction of wat workers and servicemen’s families in order that they may be able to keep on the job. The eviction of tenants resulting from sales has become a
ters. Fight to Continue
ment requirements and the threemonths waiting period are imposed only where there are no altergative accommodations for the Seman who is being evicted. Evidence that the national association. intends to carry on the fight against rent control regulations is seen in the fact that real estate leaders from every part of the country will meet in Chicago May 5-7 to “chart real estate’s immediate steps for the war period.” Mr. Teckemeyer will speak at the Chicago . Real Estate board's din ner May 5.
Line’; Claims Brown Singles Out Real Estat gp
Owners for ‘Drastic Punishment.’
By VIRGINIA HATFIELD Earl B. Teckemeyer, regional vice president of th e N tional Association of Real Estate boards, today as OPA’s rejection of recommendations on rent contro ministration made by the association's Washington comma
The four-point vequest made by realtors called Ai
standards for the one-thi 1
2. Establishment of local appeal and advisory | or
specific cause of absenteeism in|: some of our key production cen-|:
“Apparently your committee has: misconstrued both the provisions | and the purposes of the so-called] i ‘sales amendment.’ The down pay-|::
IGE INDUSTRY | HELD ESSENTIA
Local Plants Declared | Be Necessary to the j War Effort. - |
The ice industry in the Ind apolis area has been dec “locally needed” activity in the effort, Dean William ,(H. Spt ; regional director for the war ‘mans power commission ahnounced tow day. rant The order will automatic clude operators and employ ice plants in the ‘Indianapolis lization plan which will act | tain the necessary manpower the industry. Ice plant operators, through: i ’ Indiana Association of Ice In & tries, Inc., petitioned the WM : area labor-management commit it to. approve the declaration © a ice industry as a locally neces industry. | “The majority of these establisi ments which have been de¢ locally needed have agreed to make the tullest use of all the manpoWwes now in the industry, to suspen ! so-called luxury services to consun ers, and to maintain wag working conditions consistent standards comparable with |oth operators in the area,” Dean Sp er said. He pointed out that the dee tion was made in the best ests of the war effort as the pre vation of food as well as indust; use of ice is of primary impo!
populations.
DECLARES FIRST DIVIDEND ol SAN DIEGO, April 20 (U. P.). Directors of Consolidated Vulte®: Aircraft Corp. have taken the drs Fh dividend action since the coms panies merged in March. The bo ard | declared a dividend of 50 cents § share on the common stock and regular quarterly dividend of cents on the $1.25 preferred.
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