Indianapolis Times, Indianapolis, Marion County, 21 September 1943 — Page 30
= small loans went out of busi-
|
3)
Xs
f the department of financial in- : per cent or $226,702,000 in the
e loan and “increased
their
that 18 firms licensed to make
the year and con-
000. The biggest decline in consumer credit was in installment
which dropped 70.8 per cent or due to the government t and" increased
buyers, SO loan companies
933 to $17,802,025]
cent in the year end- , 1942. Iridustrial loan and t companies’ investments fell from $5856623 to $3085788 or $19 per cent, while their non-in-vestments fell from $11248173 to $4,788,608 or 57.4 per cent. Pawn- * loans fell from $387,257 to 022 or 9.6 per cent, Although the total amount of loans made by pawnbrokers decreased, the
“The report also noted that com-’ bined assets of the 178 state chartered building and loan associations were $06,632,836 at the end of 4042, increase of $4,537,625 during the
tion division reported banks were operating compared with 801
LH
i
g 3
2 : # 7
i’ is 5
gd
|
RS
discount business fell $30,783,000.
sartment is pressuring both defunct banks and and loan associations to wind up their affairs and dissolve while economic conditions are favorable.
PLANE OUTPUT | STILL LAGEING
banks that closed |
[creased 4,500,000 pounds, the largest
Indiana's 876 state banks was
holdings of government secur-
WPB Reports Production of All Munitions Up 4% In August.
WASHINGTON, Sept. 22 (U, P), ~The “war - production board, suggesting tht production was getting its “second wind” after a sharp summer slump, repexted today that munitions output in August climbed 4 per cent.above that for July and included 7612 planes. Aircraft production, the current No. 1 program, rose 3 per cent in numbers last month and 7 per cent in weight but still lagged behind schedule, the report said. The August figure of 7612 compared with 7373 in July. Officials explained that the increased weight emphasized the trend toward heavier models, particularly bombers. The report showed heavy bombers ran 11 per cent above July while fighters increased 5 per cent.
Quality Better
WPB said recent output also had been marked by improved quality and that production of combat models which have been accorded top preference ratings based on experience had simost doubled in the past five months, During August, the report said, top preference models in-
monthly inctease yet made. - . Approved by War Production
I
5 g
30, 1934 the department | the liquidation of | ted four of
“Tartillery, up 33%; anti-aircraft guns
Board Chairman Donald M. Nelson before he departed on a London mis-
sion, the production announcement
was held up for many days by the
m war department, reportedly because)
it was regarded as too optimistic,
the output of various types of weapons in August as compared with July: Airplanes, up 7%; army amment, up 30%; naval vessels, up 4%: merchant vessels, up- 1%; combat vehicles, off 6%; self-propelled
and equipment, up 4%; small arms
i and infantry weapons, up 5%, and| ge. motor vehicles, up 10%.
The report said deliveries of naval vessels alone reached a new peak of 284,000 displacement tons, while merchant ship construction held comparatively level with the two preceding months. Liberty ship
than July; and the upward trend in tanker deliveries continued, WPB said that plane production in August would have climbed even higher “except for design changes.
duction in order to
first eight months of this year.
Technical
Graduates Who Wish Responsible
3
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| NOW AVAILABLE IN INDIANAPOLIS
To Men and Women, Industrial Employes, High School
® INDUSTRIAL DESIGN AND LAYOUT ® TECHNICAL CHEMISTRY ~ MECHANICAL PRACTICES * ® TECHNICAL ELECTRICITY ® INDUSTRIAL METALLURGY ® PRODUCTION TECHNIQUES
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get. a more effective model.
Training
to Fit Themselves for Positions in
m T&T The report noted these changes in A
| munition, down. 1%:. signal equip-| ores, ‘oi
completions totalled 110—one more |
But, it was added, American plane|p, production now has reached a point Pen ey where we now can afford to take slight temporary losses in pro-|Pu
constructed with facts and fancy” that the of the business
“The fancies,
quiring employment -of so large a number of human beings that nearly everyone who wishes work may find it at fairly satisfactory wages,” Voorhees continued. Hits “Perfect Bureaucrats’
“This has brought about the widespread illusion that the whirring of the machinery causes the prosperity and the employment. From this illusion is deduced the theory that it is the social obligation of the owners of the machinery to keep it whirring and to preserve a high level of employment,” he said. “It follows, so it is said, that if private ownership cannot justify itself by maintaining these high
to the fundamental fllusion that
in hand when we only have orders and therefore find no culty in averring that business has the responsibility of learning how to go forward while operating in reverse—or else, - “The ‘or else’ connotes that the perfect state lies ready and willing to take over,” he continued. “If that were the case and if only the cupidity of private owners stood between us and perfect material happiness, I am sure we should all
method of their assessment does|qgq0q
not change this fact. “Costs must be paid by the public
in prices,” he said, “and corporate i
taxes are thus, in effect, concealed sales taxes.
OATS PRICES CLIMB. T0 23-YEAR HIGH
CHICAGO, Sept. 22 (U, P.)~— Oats futures ruled independently strong on the Board of Trade today with September deliveries reaching the highest level since 1920, At the end of the first hour wheat was unchanged to off % cent a bushel; oats up % to %, and rye off 14 to up %. AIS Wth trading in September contracts scheduled to cease today, evening up operations lifted the current oats contracts to a new 23year high. Scarcity of offerings reflecting the feed shortage firmed prices under light buying.
N. Y. Stocks
Net Change
, High Low “Last Allegh Corp ... 2% i
Allfed Chem ...1!
LEE
Seg Cons Edison .. 23'% Cons V Airc pf 21% Con Prod "... 60% Cortiss-Wr A. 10%
a i»
111:
Int Harvester . Int Nickel .... 1 Int T&T Johns-Man Kennecott Kresge 88 .... . - 0 & B.31Y% n- Hay 71 Monsanto Nash-Kelv ,... ¥ Nat Biscuit ... 22% Nat Cash Reg.. 29 Nat. Dairy .... 20 Y Central... hio Ofl ....
\:
4
LHL++1: +1
11:
a >»
Std Oil (Ind).. 35% Sud Oil (NJ). 8%
EEFFEIESF FETTF
PEELE LILLE
lw
PEELE
he F OFEER FT
048 Sht ptf. #5 Zenith Rad .. M%
LORILEARD
Register Now at
538 N. MERIDIAN ST. Fall Term Opens Sept. 21
Years Technical Training
Opportunity to Secure " ing While Employed
IVERSIT)
w work.
i
stampede to the arms of the perfect
WASHINGTON, Sept. 22 (U. PJ. ~The United States and the United Kingdom today warned firms in all neutral countries against purchasing enemy-owned shares in Italian companies or other enemy assets
in Italy. : ] : The wa was Issued here by the state department. A. similar announcement was {issued In
London.
- a
two governments acknowledge that “certain concerns in neutral countries, in anticipation of the- early occupation of Italy by allied forces, contemplate acquiring or purporting to acquire enemy-owned shares in Italian companies, and other enemy assets in Italy.” From other sources it was learned
a that at least one large German in- * | dustrial firm is trying to get rid of
The statement revealed that the
Warns Neutrals Not to Buy Italian Stock From Nazis
its share holdings in an Italian affiliate by sale to a neutral concern in a neutral country.
similarly try to bail out of their Italian investments as they fall into united nations hands.
tina as well as the European neutrals of Spain, Portugal, Sweden, Switzerland and Turkey. “The two governments,” the note “reserve the right to treat as invalid. any transfer to neutral ownership. of any enemy-owned rights or interests in property in Italy. Nationals or firms in neutral- countries acquiring or purport. ing to acquire such rights or in-
all sanctions at the disposal of the governments of the United States of America and the United Kingdom.”
GARY STEEL: STRIKES
{ MAY CLOSE BIG MILL
GARY, Ind, Sept. 28 (U. P)~ “Ati unauthorized strike which closed:
| Carnegie-Tilinois Steel: Corp's tin-
ning mill threatened today to spread
17110 the giant 80-inch plate mil at}
the nearby Gary works, largest steel
+i plant in the world, a company “ spokesman said today.
Company sources said 20 workers, comprising the loading dock crew between the producing and finishing
, | departments of the plate mill walked
off the job late yesterday, If the strike continues, a spokes-man-said, the entire plate mill will close, bringing to more than 4000 the - number. of employees out of
» | work.
Production at the tinning mill reached a standstill yesterday after 1900 employees failed to report for The mill makes tin for emergency field ration containers and oil and gasoline containers for the army and navy. : The strike began Synday night when 40 tin mill employees walked
ju br ey
$5 um HS 552 3 pF
tid
~ seesssessee wean neeny 4 . .
WPB Streamlines Own Operations
WASHINGTON, Sept. 22 (U.
fight against production bottlenecks embraced the WPB itself The board's operations council announced it had adopted a broad decentralization program intended to reduce businessmen’s travel to Washington by 33 per cent, slash their paper work and gear the WPB organization to greater speed. that it was in ef-
fect creating 13 “little WPBs” the board sald it was shifting pros duction control and greater responsibility to 13 regional and 92 district offices,
ASKS MORE USE OF ‘FOREIGN OI FIELDS
RE 500-opunds vive
Other German concerns might §
terests render themselves liable to]
The top held at $15.15 for good to
choice 210 to 225-pounders. Re-|
EEE gogusEEes:
| pin
13.50014.50
.
# #
- v
ee [email protected] «rs 14.25014.60 ¥ 14.50
TH $888
. . Sesatesetnaes
;
S serssviensers 13.90014.35 BBP
: § l
Medium 250- 550 pounds p Slaughter Pigs
[email protected] ere 15.50916.50 vers 15.50916.75 [email protected]
14.00 1) .50 [email protected]
[email protected] [email protected]
sesessessaans
srstssesissse shesvssensene srasnensetnns sesesntenese
sfesnnnnnses Caseratacnses
[email protected] 14.50915.75
Bags [email protected] [email protected] [email protected] 11.00012.78 « [email protected]
ve. 7.500 9.50 5.750 1.50
CTTRENESI INES
800-800 pounds 800-1000 Pounds .csseeescones Good—
600= 800 pounds .....ese00000 800-1000 pOUNAS .osevseesvses
(Yearlings excluded)
The note has been sent to Argen-| Goo,
weights) Cutter and common Cutter and common
CALVES (500)
Vealers (all weights) Good to choice Mi Common and medium.. Cull ' (78 Ibs,
Feeder and Stocker Cattle and Steers
Cholco— 500- 800 pOUNAS ....ovsevee. 12.75Q 14.00 800-1050 pounds ....eeeesess 33. 13.7%
500~ 800 pounds .e.sveeesess IL 12.7% 800-1050 pounds ...eeseeeess [email protected]
edium-— 500-1000 POURS .iosesescces 10.235@1L70
at itll
DAILY PRICE INDEX
NEW YORK, Sept. 22 (U. P).— Dunn & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equdis 100): Yesterday .....ocoeeevess.s 17242 Week ABO ...ivieveviseses 171.99 Month AGO ...:vveenereess 17123
Year Ago . 1043 High (Sept. 21) ....... 17242 1043 Low (Jan. 2) ......... 166,61
LOCAL PRODUCE Fa breed hens, 23c; Leghorn hems, Broflers, fryers rosters, under © ia. Joe: tn : paS=Currem fucsipm, 0 a. and Wp Graded large, dic; grade rg eh avs Mo] Sess . L808 Butterfat—Ne. 1 9c: No. 2, dc. :
50 - A serious breakdown of the na-
{in the post-war world if they are
| “It it isto be the public policy|: 1500 {sums of ‘money to subsidize car-
The company yesterday was
and 2,330,172 as part of a group of patents covering the Skiatron system, a new television projection apparatus expanding Scophony’s basic television methods, ’ . » »
The Steel Recovery Corp. organized under government supervision to operate steel salvage projects, will be dissolved in the “near future, Oct. 31, pro
Rear Adm. William B. Young, chief of the navy’s bureau of supplies and accounts, believes that failure to observe packing requirements has resulted in the loss of war goods which “have seriously affected operations.” Adm. Young said a recent tour of inspection of American supply lines and advanced bases in the south and southwest Pacific showed shippers have failed to check packing requirements. a
tion's rubber-borne transportation still threatens, although the rubber problem is no longer one of raw materials, John L. Collyer, president of the B. F; Goodrich Co. warned today. Adequate manpower, additional production capacity, and
volving use of the government's increasing quantities of ' synthetic rubber must be furnished, if hundreds of vital war needs are to be served, Collyer declared;
Roy B. White, president of the Baltimore & Ohio
will not be able to fulfill their role
forced to compete with subsidized
riers by highway and air, there can d reason why the railit the
FRAZER RESIGNS POST AT WLLYS
TOLEDO, Sept. 22 (U, P.).—Jos-
Sept. 30. : 's resignation came at the termination of a five-year contract. War orders held by the company under Frazer's direction have eached the total of $250,000,000,
granted basic U. 8. patents 3,330,171}
answers to technical problems in-|g
the announcement said. / ;
the national labor relations Also he would like to f quirements that labor unions be federally registered and make public accountings to
warned | “= today that the nation's railroads”