Indianapolis Times, Indianapolis, Marion County, 26 May 1943 — Page 21

WEDNESDAY, MAY 26, 1043

BUSINESS

Allison Tells Employees Its Side Of the Ruckus Over Plane Engines

THE ALLISON ENGIN the “experts” for several year

By ROGER BUDROW

E TOOK A BEATING from s. One British airplane maga-

zine editor in particular derided it as inferior to British

engineg, presumably the Rolls-

Royce.

“Experts” in this country too joined in on the chorus, particularly those in the East where the air-cooled motors

(as opposed to the Allison liq

Last night at the Allison factory]

NUTT ASKS

gates, a booklet was given out to the workers. It was General Motors answer to the criticism. The answer adds up to this: There is no perfect all-round engine or plane. Special types are

ticular

ers must serve many purposes. The adaptability of the Allison engine is shown in one example. With refinements (such as turbo-superchargers) it is used in one of the fastest, highest altitude fighters ever produced (prefniably the Lightning or P-38) as well as in low altitude fighters and ground attack planes that operate at 10,000 feet and lower. The booklet goes in for making technical details understandable. For instance, just as it is easier to swim in water than in molasses, so it is easier for an engine to propel a plane through the “thin” air in the higher altitudes. There is less back pressure on the engine exhaust gases and the colder air tends to boost the power output. But the power of a gas engine declines as higher altitudes are reached so the aircraft designer is forced to design an engine that does well all the way from sea level to the stratosphere. = = = ODDS AND ENDS: Purdue has developed a new sorghum for cattle feed; it's supposed to yield twice as much per acre as corn. Americans found North African sheep infected, rush medicine to cure them. . . Canada recently shipped a freight carload of pickled pigtails to African natives; curl-to-curl that would be 12 miles of pigtails. Bridgeport Brass will pay its regular $1.27 on the preferred and 25 cents on the common stock June 30. . . And Perfect Circle Co. of Hagerstown, Ind., will pay a dividend of 50 cents a share July 1. . . . Rye futures have been going up lately on talk of a corn shortage. . . Reports say 70,000 tons of bananas a month are destroyed in the Caribbean area because of lack of shipping space.

Mr. Budrow

Hayes Industries, Inc., quarter ended April 30 net profit $353,320 or

needed for par-| assign-| ments while oth-|

uid-cooled) are made.

BIGGER OUTPUT

Advises Employers to Make ‘Better Use’ of Workers

in Production.

WASHINGTON, May 26 (U. P). —The sole key to solution of the manpower problem is greater output on the part of every worker

now that the supply of manpower is approaching exhaustion, according to War Manpower Chief Paul V. McNutt. He told the Society for Advancement of Management last night that the problem of poor manpower utilization must be solved by management as “no one in Washington has any magic formula which will enable employers to make better use of their men.” In solving these problems, MecNutt said that management must use the advice and assistance of labor itself, and added:

“Labor Unions Help”

“I emphasize labor because I hope you are not going to overlook the immense contribution that your workers, through their unions, can make to the solution of our common problem. They have a big stake in this war. This job should not be tackled without their help.” He emphasized that the nation

‘{cannot afford to waste its man-|M

power because it is reaching the bottom of its manpower pool, and continued: “Somewhere ahead of us is a point where nearly all the women, who can, will be in the labor force. We will have contracted civilian services to the barest essentials. We will have exhausted the pools of manpower among the aged, the handicapped, the minority groups, the loyal aliens. “We are not there yet—but somewhere a year ahead perhaps—that day is coming.”

Incorporations— Economy Shoe Store, Inc., Muneie, dissolution Inc.

Modern Systems, 430 8S. Carroll

$1.06 a common share vs. $318,991 or 86 cents year ago.

GLLR

29g cine DAY OR NIGHT

ILE

A out of 5 MORRIS PLAN Loans Made Without Endorsers

® Borrow on Character, Auto or Furniture

— from $75 to $500 to $1,000. 1 |

® Toke 6 weeks to make the first payment. ® Many loans completed while you wait. ® No credit inquiries of friends or relatives

* FREE PARKING across the street in Arcade Garage for auto appraisal.

Phone MA 4455—Ask for Mr.Coots

Morris Plan

DR WASHINGION

| Life bldg., | M. Quinn, same address; 500 shares com-

st.,, South Bend; agent, William Hesselgrave, same address; 1000 shares common without par value; trucking business; William Hesselgrave, Murrel Trout, Lena Sneathen. Michiana Park Corp., Michiana Shores, Michigan City; lett, 422 Ridgeland ave. 100 shares common of $100 real estate business; William Marjorie K. Bartlett,

cott. Monroe Milk Producers Bloomington; no capital operative dairy | Martin, Michael E. | Holmes and others. | The Spring-Air Co, Holland, Mich., | registration of trademark, “Spring-Air”’ | —class 31: furniture and upholstery. St. Clair Theatre Corp. Indianapolis; change of resident agent and principal office to George T. Landis, 326 N. Illinois st., Indianapolis. Oriental Theatre Corp. Ingianspells: amendment providing the number directors shall be five | & O. Theatre Corp., Indianapolis; | amendment providing the humber of directors shall be five. Lincoln Laboratories, Ine., 622 State Indianapolis; agent, Thomas

Michigan City; par value; R. Bartlett,

Association, stock; cobusiness; Wylie H. Chitwood, Clyde

mon having a par value of $100 each and | 506 shares preferred without par value; dealing in pharmaceutical and biological | products and drug sundries; Wallace A. uck, A. F. Williams, Harry R. Alexander.

GLASSES on CREDIT!

COMPLETE GLASSES—Call quick for this unusual offering. Modern stylish rimless glasses, complete with “Gold-Filled”

finish mounting and TORIC lenses for FAR OR NEAR VISION, L: 15-DAY TRIAL! Credit ARE Or TLCTINS IN AMERICA Convince yourself by 15-day If Desired : test at our risk. not NO EXTRA Principals of this firm own i a Sr rial, Sey ani, a large opitcal shop and the A ground y preserip. CHARGE largest chain of retail option tical parlors in America.

agent, William R. Bart-

Robert E. Glass-

An army R-4 helicopter, piloted by Col. H. F. Gregory, landed on the deck of a small moving tanker in Long Island sound in a demonstration of the feasibility of an operation that would give freighters an air arm for protection against submarines, as well as rapid transportation between ships in convoys, and ship and shore in coastwise traffic.

TE Pm TS Helicopters Protect Freighters

PAGE 21

PORKER PRICES ARE UNGHANGED

200-225 Pound Hogs Bring Top of $14.30 Here; 10,600 Received.

The hog market remained Steady at the Indianapolis stockyards today, the food distribution administration reported. The top for 200225 pound porkers was $14.30. Receipts included 10,600 hogs, 1150 cattle, 700 calves and 500 sheep.

te mn,

Hogs (10,600) 120- 140 pounds ..........n [email protected] 140- 160 pounds [email protected] 160- 180 pounds [email protected] 180- 200 poun [email protected] 200- 220 pounds [email protected] 220- 240 pounds oo [email protected] 240- 270 pounds vee [email protected] 270- 300 pounds . [email protected] 300- 330 pounds [email protected]

330- 360 pounds [email protected]

edium— 160- 220 pounds

Lesseensnune [email protected] Packing Sows Good to choice— 270- 300 pounds ..ei.ieevens [email protected] 300- 330 pounds . [email protected] 330- 360 pounds . [email protected] 360- 440 pounds « [email protected] Good— . 400- 450 pounds ....cveveee.. [email protected] 450- 550 pounds ...eeevevecs [email protected] Medium— 260- 550 pounds ...........0n [email protected] Slaughter Pigs Medium and Good— 90- 120 pounds ............ [email protected] CATTLE (1150) Steers Cholce— 700- 800 pounds [email protected] 900-1100 pounds . . [email protected]

1100-1300 pounds

. . Het HE 1300-1500 pounds ..... « [email protected]

Good— T00- 900 pounds ....eveeee.. [email protected] 900-1100 POUNAS sevvevesones 3 $RENN 1100-1300 pounds ......eeeavee 25 1 o00 PoUNdS .cceievcnens B [email protected] Medium — 700-1100 pounds ..... tories [email protected] 1100- — pounds ..ciceeecene [email protected] Com 700-1100 pounds ............ [email protected] Heifers Chas ce— 600- 800 a 8 ...e0 vessess 15.00@15. 800-1000 d8 ..eveeaienes [email protected] Good— 600- 800 POUNGS ..ceeeeeees. [email protected] are. joe pounds .eiiescnces « [email protected] Noam. 900 pounds ...eeeceess. [email protected] Common— 800- 900 pounds ......evennn [email protected]

MONEY BAR GUARANTEE .

ATIONAL OPTIC

ORES CO

FUNNY BUSINESS

AL

a ar Iii . Worn .

epee St

3,000,000 Satisfied Customers

124 W. Washington St. Open Mon. Pars. and Sat. Eves

P, STORES wn PRINCIPAL CITIES

Cows (all weights)

5| solid 10-foot belt around the earth

50 make an ear of corn (perfectly

Will Have to

production goals translated by the standable terms:

Hogs—100,000,000 hogs lined up side by side at feed troughs would reach 1% times around the earth at the equator. Lard—3,400,000,000 pounds would fill 170 ships each carrying 10,000 tons cargo. ‘Enough to Circle Globe’

Cattle and Calves—30,400,000 head of cattle standing head to tail would reach 11-16 times around the earth at the equator. Beef and Veal — 10,910,000,000 pounds of beef and veal would fill all the space from floors to ceilings of five buildings as large as the Empire State building. Sheep and Lamb—24,100,000 animals would take a man 6694 hours to count if he counted one a second.

‘As High as Monument’

Chickens—4,000,000,000 pounds of

dressed chicken would wei~h much as about one-fourth of the entire population of the States. Eggs —4,780,000,000 dozen eggs (57,360,000,000 individual eggs) would be enough to provide a

| nc

Uilictu

at the equator. . Milk—122,000,000,000 pounds, or 57,000,000,000 quarts, of milk would be enough to build a wall of milk in quart bottles as high as the Washington monument along the entire coast line of the United States. Corn—2,834,000,000 bushels would

proportioned) which would reach from Cleveland to Denver.

N. Y. Stocks

Hi . .« 3s €“ G06E c.c.ccGacG [email protected]| Allegh Corp... 5% To La Change | “Otherwise,” he said, “we risk the Medium OR 150012 90 Alia Chem .. 180 1 mn rh danger of a lag or a breakdown in GABREE +e» voonarotesoiee i. 800@ 9.50|Am Can .Il 83% 8sia asia ... |the prosecution of the war and its Bulls (all welghts) Am Can pf ....175% 178% 178% — %|consequent cost in precious lives and Am Rad & SS. 10% 10 10% — 3% " (Yearlings Excluded) Am Roll Mill... 14% 14% 14% + %|time. Beef— [email protected] Am L3 w 134 153% 5 .... ——————————— 00d Mrsstsescnnentnnese eevee ater . 8 Sausag Anaconda ...... 29% 28% 28% h % LOCAL ISSUES Good “al Weighe) cesses. [email protected]| Armour Ill .... 5% 5% 37s .... Nomi at Medium (eid [email protected]( Atchison pf... 82% 83 82% + 1% |, NOomiDl quotations furnished by Indl. Cutter and COMMON ....ee.s [email protected] Atl Refining... 27% 26% 37 1 3 | Anapolis securities dealers. ~~ Big Asked Balt & Ohio. 9% 9 Agents Fin Corp cise IH... CALVES (700) Ben Ind Loat.. 18% 185 184 © 1f|Agents Fin Corp av i Lo Vealers (all weights) Beth Steel 88% 64% oth I ie|Belt R Stk Yds com |... 4% Bu Good to ChoOICe............... [email protected] | Borden 0... Ie Sk se ou Beh A Rin ys Im vi ..... 80... Cominon and medium ....... Gis 50 Borg-Warner... 33 ~~ 32%, 33 1 i | Ropps Merri of’ ee 3 we Cull (78 1bS. UP) ....eevvnnnn 18.50 1200 Bde, Brass ‘ iv UY 1% + % om-Man] a3 pid ..... fg Feeder and Stocker Cattle and Calves with & Bo. 1% Th 1" x n Comwith ox pfd ..... 87 100 Ehes eers Cons Edison pf 97% 97% 07% .... Hook 2 Le naateane 13 15 500-800 as 1" sp| Cons Sultee Lb 18 18% 18Y + y, |Home T Ft ? Wayne 7% pid. Hs ; pounds ............ [email protected]| Corn Prog... 80% 60% 60%: 1 it|Ind Asso Tel 5% pfd .......... 102% 300-1050 pounds ...ieseesees [email protected] Surtiss We A. 33" 22% 323 I g|Ind & Mich 1% pid. “onies ay ‘ij 500- 800 pounds ....eececees 18.50014.50 Douglas is 13 13 19 L' x 10% . S50.1050 pounds ..cescencess [email protected] Bast Kodak +} Sh 100 oa I ¥.. d - n ectrie 37% 3 Y Indpl & L com ...ocoecee 18% 17 500-1000 pounds :.....u..s.. [email protected]| Gen Foo 38% 38% sai t 3 napis lwys Ine com... 15% 17 Common— Gen Motors « 53 53% 52% — 1% d! PPE iia 109 §00- 200 veesassasess [email protected]| Goodrich ..... 40% 390% 39% 4 1;| ‘Indpls Water Class A com 15% 117 . ps Cnalves (steers) fics ear i.uie 3k 38 + Y% Lincoln an = 5% pfd ..... 2 Good Ce 0! 1 ncoin e 800 pounds down «.......... [email protected]| Int Harvest A 95 Medium Int Nickel 3B 2% 33 + yu 98 500 pounds @OWR .......... 13.00914.50 | Int T&T ...... 15% 1 15% vy 109 d calves (heifers) Johns Mad “er = 85% 86 1 3% 1% Good an oice— ennecot oo WY 33 14 800 pounds down ........... 14.00015.00| K oh Bw Ba LT 101% Medium— Kroger G & B30% 30% 30% — % 11% 500 pounds down ........... [email protected]| L-O-F Glass . 39% 38% + % 91 SHEEP AND LAMBS (500) Ng 0h Wh a3 + 4 n ‘ Ewes (shorn) Nat Biscuit ... 31 ad ‘28 NA CHOICE ....ciciileiee 6.50@ 8.00| Nat Cash 27 20% 37 +1 {Van Camp Milk | pid ...cee vis Common and choice .......... 5.00@ 6.50 Nat Dairy «20% 20% 20% 4+ 3% Van Camp Milk com - " N Y Cent —-— GEBIE yess. <1: cuits [email protected] Ohio OIL |... 10% 11% 18° T lamers winew W RR 4%%... 00... Medium and good ........... [email protected] | Packard ..... . 4% 4% 4% 4 1, |American Loan S851 ......... 26 8 Common .........ecionnanan +» [email protected] Pan Am Air .. 32% 32 32 + 35 [American Loan 58 48 ......... 1 does ! 14.00215.00| Penn RR ll 8% 8 Su + 3 Ct ConPBiae Go thes Bi... ‘83 Shavareiane . S Penn Rb Medium ‘and Folie, 0a1e00| bene® gr 3, WM WX + %|Glitens ind Tel gWe 8 o...03 108 Siassasssasansntanine [email protected] Pure Oil ..... 18% 11% 18 ¥ 5% shag] he 3%s 90. $e 100 : Reliance M Go. 108 13l 19% yi 'ey/Indpls BP & L 3s 0 lIU08% 108 U.S. STATEMENT [Bois © B58 Bh ‘hit 1 %|ma abe coe er i mis ol Sears Roebutk. 743% 73%: 74s; © 45 Indpis Water Co. Siss 6 107% 100% WASHINGTON, May 28 (U. P.).—GOV-| serve] Inc 15% 15 157% Kokomo Water Works 5: 108... ernment expenses and receipts for the Por R Sug.. 26% 28% 5% 4+ 'y, | Kuhner Packing Co 4%s 4 8 101 current fiscal year through May 2¢, com-|goyuth Foo 41 41° 470 pI is 5&10 Stores 5s 98 10 pared with a year ago: Last ¥ td Steel Sob. 8% 8% 8% + % Munele a as 5s 66 1 106% This Y as Sto wo 10 93% 9% 4 H%iY NG UD SCIV IVES OF.....ee Expen $67,805,715, 300 soe, 207. 169 Studebaker .... 19% 13% 19% © I8[N Ind Ter sian 86 Su 1 war spending $3.58. 428,689 21,373,394,282| Texas Co ..... 03 49 50 T % Fu Serv of Ind 45 69......... 105% 107% Receipts seivi 415,283,670 10,179,743,506 Timken R 473% 47 4% — W BY ipiiivisiipess 5 101 Net deficit sme, 18 16104851212 Un Air Lines. 27% Nu Mh + Richmond Water Wis 84 #11108 Cash balance. 13, 355,305,726 3,222,887.485|U 8 Smelt pf.. 69 69% Gy — | Irat | A 0% 82% Working 2,502,656,106 _2,460,980,453 | Westing El 98% 98% 98% + 1y| U.S. Machine 5s 52... 100 ube ast “gE merase Poa : af Sy Ty © | Thar old reserve . 22,4 t > % 7% + % i Sy —— COLWOL WL seus Y INDIANAPOLIS CLEARING HOUSE fo “or ise is i i RYE FUTURES LEAD Ghesitssuaiasacetnints ,490,! + DE ie cs yieisrieieit riot 11/660,000 | Zenith Ra n° % + «ON BOARD OF TRADE

This Is How Much Food U. S.

WASHINGTON, May 26 (U. P.).—Below are some of the 1943 food

Total meat—25,700,000,000 pounds of beef, veal, lamb, mutton and pork would provide enough meat to pave seven four-lane highways from New York to San Francisco one inch thick.

Army Uses More Than 2500 Special Trains Every Month

CLEVELAND, May 26 (U.P.).—The nation’s armed forces and their

equipment are being transported by

trains every month, according to M. J. Gormley, executive assistant of the Association of American Railroads. From the time of his induction until he leaves the country, the average soldier makes between six and eight trips compared with three

in the last war, Gormley told the Cleveland Traffic club yesterday. The average distance each travels now is approximately 800 miles, he said. Operation of these special trains requires hundreds of locomotives, about 10,000 tourist cars, 5600 coaches, 300 standard sleepers, 3200 baggage cars, 6200 flat cars, 500 box cars and 850 other cars, including express refrigerators, gondolas, hospital and stock cars.

railroads in more than 2500 special

are carrying more than half again as much freight and more than onefourth more passengers than in 1918. Traffic will continue to increase as the war progresses and railroads will have to carry the heavier load without getting much in the way of additional equipment, Gormley said, adding, however, that “with the cooperation of those who use the railroads and with the addition of the cars and locomotives they must have,

Pointing out ihe vast differences

our railroads will be able to take

Produce in '43

agriculture department into under-

‘RUBBER SUPPLY IS AT MINIMUM

Firestone Warns Car Owners Not to Expect New

Tires for Long Time.

CHICAGO, May 26 (U. P.) —Harvey S. Firestone Jr, president of the Firestone Tire & Rubber Co. said today that the nation’s rubber supply will be reduced by the end of 1943 to a point approaching the “dangerous minimum” fixed by the Baruch committee, He told a Midwest conference on employee transportation that 750,000 tons of natural and synthetic rubber will be available for use in 1943. However, requirements for the year will amount to 609,000 tons, he said. “It will be seen,” he said, “that by the end of the year we will have a balance which is very close to the 120,000 tons set by the Baruch committee as a dangerous minimum.”

Urges Limited Driving At least 5,000,000 synthetic rubber tires will be produced during 1043 and 30,000,000 are scheduled for 1944, Firestone said. He cautioned, however, that due to war require ments car owners cannot expect new tires for non-essential driving “for a long time.” He urged that until synthetic rubber is available in volume drivers “limit driving to absolutely essential transportation, not abuse their tires, keep them inflated to proper pressures and drive at speeds of less than 35 miles an hour.”

CHICAGO, May 26 (U. P.).—Rye futures climbed to new highs for the season on the Board of Trade today. Profit taking checked the upturn in later trade. Wheat eased fractionally and oats firmed. In early dealings wheat was off 1% to % cent a bushel; corn unchanged at OPA levels; oats up 1% to %, and rye up % to %.

WAGON WHRAY

Faring SE She igw shelled corn, Wo, bet CRAPS RRR RRR RRS

Each War Bond You Buy Brings Victory Nearer!

BROADCASTERS ASSAIL DEGISION

Charge Court Ruling Gives FCC Dictatorial Power

Over Radio.

WASHINGTON, May 26 ((U. PJ). —The National Association of Broadcasters charged today that the May 10 supreme court decision defining the powers of the federal communications commission over radio deprived radio of “all the characteristics of freedom.” The association calied upon con-

gress to deny the FCC the legislative authority to exercise the controls. ‘The question of the authority of FCC is now before congress in both the senate and the house, through bills introduced by Senator Wallace H. White Jr. (R. Me.), Senator Burton K. Wheeler (D. Mont.) and Rep. Pehr G. Holmes (R. Mass.). Reviewing the history of the FCC, the broadcasters said that a five year effort on the part of the commission had culminated in the decision of the court which granted FOC the power to “encroach into the fields of program content or business operations of the broadcasters” Previously the commission had confined itself to regulatory power over the technical aspects and physical allocations of radio frequencies, the broadcasters said. ‘Like Foreign Regulation’

The association said the decision conferred on the FCC powers over radio broadcasting as complete as those existing in many foreign countries. It said there were no limits placed on the commission's power to control programs and business operations. The association said the decision indirectly or directly indicates that FCC can tell broadcasters what must be broadcast and what may not be broadcast, and can regulate the business arrangements by which broadcasters operate and direct the management of each individual radio station. It can, they said, issue or deny licenses based upon business affiliations.

FEDERAL RESERVE DIRECTORS TO MEET

Professor Henry Clay of the British Merchant Shipping Mission will address the directors of the Federal Reserve Bank of Chicago at their regular monthly meeting at 10:30 a. m. tomorrow in the Columbia club. Directors of the Chicago bank who will be present include N. H. Noyes, vice president and treasurer of Eli Lilly & Co.; C. 8. Young, president of the bank; Simeon E. Leland, chairman of the board and professor of economics at the University of Chicago; W. W. Waymack, editor of the Register and Tribune of Des Moines, Iowa, and W. C. Heath, president of the A, O. Smith Corp. of Milwaukee, Wis. Directors of the Detroit branch of the Chicago bank who will attend include W. 8, McLucas, chairman of the National Bank of Detroit; Rudolph E. Rei¢hert, president of the Ann Arbor bank; H. Lynn Pierson, president of the Detroit Harvester Co., and L. Whitney Watkins of the Watkins Farms of Manchester, Mich. Others present from the Chicago bank will be H. P. Preston, J. H. Dillard, John K. Langum and A. J. Mulroney; from the Continental Illinois Bank of Chicago, James R. Leavell, president, and Abner Stilwell, vice president, and E. C. Harris, vice president of the Detroit branch.

LOCAL PRODUCE

avy breed hens, 24%e¢; Leghorn hens, a

Broilers, fryers and roasters, under § lbs., 27%e. Old roosters, 16e. Bges-=Ouirens receipts, 54 Ibs. and up,

Gr aded rade A large, 360; grade A medivm, : grade A small, ase; no

hut Bh se 50c. Butterfat—No. 1,

'Foremen Can Help

To Build Morale’

CHICAGO, May 26 (U. P.).— T. O. Armstrong, manager of industrial relations of the Westinghouse Electric & Manufacturing Co., said today that the morale of a large industrial plant improves with the ability of its foremen to translate company policy into action. In an address before the 45th annual convention of the National Metal Trades association, Armstrong said that the training of company foremen to handle authority should be one of the prime functions of munagement. Management can never promote good relations by the mere issuance of labor policies, he said.

URGES OPA FOOD POLICY CHANGE

Grocery Assn. Head Claims

Retail Level Controls Have Failed.

NEW YORK, May 26 (U.P).— Asserting that the office of price administration's attempts to control food prices at the retail level are “like trying to dam the Mississippi river at New Orleans,” Paul S. Willis, president of the Grocery Manufacturers of America, today urged placing of controls at the source. Willis charged that the OPA has chosen to ignore important trade practices developed by the food industry in favor of “endless, untried regulations,” and recommended an immediate study of the practicability of checking rising prices at the processor level. “There are increasing reports from Washington that the OPA may collapse,” he said. “From all parts of the country we receive reports of food distributors being forced out of business. We also hear reports of the increased scale

HURLEY CLAIM IS DENIED HERE

Ex-Governor’s Connection With Marmon-Herrington

Contract Disavowed.

Testimony by former Governor Hurley of Connecticut yesterday before the house military affairs subcommittee investigating war cone tracts that he had negotiated a sub-contract for the Narragansett Machine Co. of Pawtuckett, R. I, with Marmon-Herrington, Inc., was denied by A. W. Herrington, chair man of the company. Mr. Herrington, head of the local company which produces light tanks and armored and gun carrying vee hicles, termed false the ex-gover-nor's statement that the latter's efforts in negotiating the contract had stepped up the Pawtuckett plant's output 500 per cent on products used by Marmon-Herrington. “Only Sub-Contractor Behind’ He said that the Narrangansett Machine Co. was the “only subcontractor we have which is behind its schedule, Perhaps the figures can best be explained by showing

the falsity of this percentage.

“If the company shipped us one

part before Mr. Hurley entered the scene and after that, shipped us five, that would be a 500 per cent increase, wouldn't it?”

Mr, Herrington went on to ex-

plain that the sub-contract had been negotiated almost a year be« fore Mr. Hurley became vice presi dent of the Rhode Island machine company. He emphasized that the former governor has never had any connection with Marmon-Herring-ton, and has never contributed anything toward the furthering of the sub-contract,

GEORGE J. MAROTT BUYS ATHLETIC CLUB

of the black markets in food. We are now confronted by these alarming conditions because the fundamental approach of the OPA to the whole problem of food price control

is unsound. Retail Level Controls Fail

“The cost of a finished food product is made up of the raw material

price, plus labor, plus the cost of manufacturing and distributing the product. With no ceiling on the cost of raw material and labor, it is impossible to long hold back the price of the finished product at the retail level.” Willis said price controls at the retail level have failed in every country in the world where they

The property of the former Hoosier Athletic club, now operated un~ der receivership as the American Athletic club, has been purchased at a sheriff's sale by George J. Marott for $77,000. The sale was made on a suit of the State Life Insurance Co. holders of the first mortgage. Mr. Marott holds the second and third mortgages and will receive the deed

a year from now, the sheriff's office said,

DAILY PRICE INDEX

NEW YORK, May 26 (U, P.), —

Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-33 average equals 100):

have been tried because “they are|Yesterday .......... remy vs TH 83 too complex and difficult to enforce. | Week ago ...... vessreessees 111.23 “The first step toward holding|Month ago ........ reevreenes FHI

down the price of food must be control over the cost elements which make up the price,” he said. “With

Year ago 1943 High (April 2) .. 1943 Low (Jan. 2)

cesses 17240 .. 166.61

the basic cost elements restrained,

price controls should then be

fixed on the finished product at| the processor level wherever pos-|; These ceilings should be|§

sible. flexible enough to encourage maximum production and allow for the natural competitive positions of all the nation’s producers.”

FAIRLESS SALARY WAS $154,800 IN ’42

PHILADELPHIA, May 26 (U. P.). —President Benjamin F. Fairless of the United States Steel Corp, world’s largest iron and steel producer, was paid $154,800 in 1942, the company’s annual report to the securities and exchange commission disclosed. Other U. S. Steel payments included: Enders M. Voorhees, controiler, $106,200; Irving S. Olds, board chairman, $104,910, and $60,000 to the New York law firm of 1040 Republican Presidential Candidate Wendell L. Willkie,

Interstate Bakeries Corp. 12 weeks ended March 27 net income $159,668 or 26 cents a share.

S East Market Street

Some of the more important facts covering the Farm Machinery

Industry are discussed in a cur rent memorandum which is available on request at this office.

THOMSON a McKINNON

Members of New York Stock Exchange and Other Principal uhm Indianapolis, Ind,

elephone Market 3501

FRED A. BECK CO.

AMERICAN NATIONAL BANK ®t Indienepote FRANSES

Your store Is being supplied continuously with Bond & Lillard, but more sparingly because of wartime conditions.* Sometimes one allotment may be sold before the next arrives. If this happens, keep asking for Bond & Lillard. You're sure to get some hefore long!

90.4 PROOF. ALSO AVAILABLE IN BOTTLED-IN-BOND, 100 PROOF. DISTRIBUTORS,

INDIANAPOLIS, INDIANA.

EE ———— A ——————

re

ET ——