Indianapolis Times, Indianapolis, Marion County, 17 November 1943 — Page 8

MONTH, STOCKHOLDERS OF InternaTool Co. of Indianapolis and Elkhart will vote d merger with the Detrola Corp. of Detroit. ¢ will they do remains to be seen but one large brokerage e calls it a “common sense The proposed merger “shows one way out for the moneyod. sales-famined machine tool companies,” according

Merrill Lynch, Pierce, Fenner & Beane,

goes on to point out that “IaMachine Tool has $1.

. On the other hand, Detrola has only $435,000 “working capi ‘tal but a whopping post-war, market for its radio and electronic products. So International puts in cash and Detrola the product, and the new comIPany—International Detrola. Corp. =i ready for the end of all-out war production which now keeps “both companies busy.” The brokers are confident Detrola stockholders will 0. k. the deal because Strong Carlisle & Hammond, third larcest U, S. distributor of Philco radios, owns 95 per cent of Detrola’s common stock and C. Rus~| sell Feldmann owns a controlling

l S HOG poe

Tossed Aside’ by

Directive.

Hassil E. Schenck, Indiana Parm Bureau president, that the government has “tossed aside its price guarantee” for hogs and’ “federal agencies are ignoring their own directives.” “Recently ceiling prices were established on hogs at $14.80 for certain grades and quality which

As LINE SEEKS

For Trans-Atlantic

Service.

v By CHARLES T. LUCY Times Special Writer WASHINGTON, Nov. 17.— The issue—certain to be bitterly conltested—of whether the United !States is to be represented in postwar foreign aviation by one Or several companies was further joined today with the filing of applications for far-flung international opera-

[tions by American Export Airlines.

American Export made its bid as the civil aeronautics board began a “pre-hearing” on- applications. al

interest in Strong Carlisle & “Ham:

- Mr. Feldman is also presiden _ International Machine Tool,

“of his family, board members companies, controls only 25 per cent | of International's stock. The remain-| der is scattered through 39 states and will be hard to track down be- | cause the stock i§ not listed on any exchange. © “wagles plans “call” “for ~making: mostly private branded radios for mall order stores, automobile companies, chain stores and the like” the brokers. report. . “This does. not. mean much sacrifice of Detrola “brand prestige; even in its best year 1941, the company did only $3,325. 000 of business volume. This was a bare 1 per.cent of a market dominated by Philco, RCA, General Electric, Zenith and others. Furthermore, part of the 1941 volume was private branded (that is, sold under “8 trade name other than Detrola). ~=Meanwhile, International Machine Tool will not cease to produce. With only 0.32 per cent of the total _U. 8. machine nol market in 1932, International grew to 1.77 per cent in 1942 ARd IE X17 hold its) share of whatever pdst- ~war- business:

= ss TANA DISTILLERS imported about $3,000,000 worth of ‘Cuban and West Indian gin and “yum this menth, to All in for the Risky shortage. — Most-of this “went to the Lawrenceburg distilleries. Such imports may be halted, — sccording to Washington sources, force Cuba to convert inte war alcohol. = - » INDIANA FARMERS selling sheep and lambs at Indianapolis early . this week took a Deal because farmers around St. Pa Minn, glutted their market up there. There is an embargo now on all nts to south St. Paul stockyards until the glut of hogs, cattle, sheep and calves is cleared out, But the Chicago taking advantage of the ut, didn't buy sheep and lambs in

INDI

in order to its molasses

grams.

tready submitted. by U.S. airlines for!

iinternational aviation by the war, ‘the issue is seen here as one of the most “fmportant “facing the government. It touches post-war aviation] {plans of other countries, including | reg globe. England, The Netherlands and Sweden already are advancing their international airlines. pro:

" Would Go To India

senger, cargo and mail routes over, the North Atlantic to Europe, the Near East and India, and across the|

North and South Africa. One of two U. 8S. airlines now op- | erating transoceanic air service— |

to - certaifr important cities } | Europe. And. LX[ress. service polite beyond.” The North Atlantic trunkiine | sought would parallel Export’s pres- | ent route. between New York and Foynes, and would be extended to Paris, Rome, Athens, Cairo and Basra, Karachie and Bombay. The, route would split at Athens-to pro-| vide service to Istanbul, Bucharest and Sevastopol in Russia. Export officials the South Atlantic trunkline sought would parallel, in part, the company's present operation. Originating at the same four U. 8. cities, one service would reach to Capetown via Puerto Rico, Trinidad, Belem, Natal, Ascension island and Windhoek, South West Africa. Another would branch off at Natal and proceed to Dakar, Casablanca, Algiers and thence to Rome. Officials said the company plans to operate in the immediate postwar period with several types of converted long-range, multi-engined military aircraft until new equip-

104

polis for a day or so and _ prices here toppled as much as $2 per | : undredweight.

OoDDs aD ENDS:

31, . . . The WPB says most

persons will be able to get Christ-

mas trees this year; it didn't say how high’ prices will be. . Point |

values of citrus fruits and cooking to 4000 miles nonstop at 206 miles |,

‘oils are bound to rise, some say! because of the short crop of fruit and decrease in fat production. ,

cut this in half. . Vermont marble workers, like Indiana limestone |

$1.128.348 or $1.50 a share vs, $1,660,= How Sluca

ment, now on the drawing board, {can be built. Use of several new types of {lying boats and land} [planes 1s contemplated — “giant,

Associates mylti-engined aircraft, capable of | Public needs food, and farmers have Investment Co. of South Bend will| accommodating up to 108 passen-|an abundance backing up on them a 37%-cent quarterly dividend gers in luxurious accommodations.” for the Want of well established

Largest of American Export’s new aircraft, powered by giant radial engines “considered impossible before the war, * will be capable’ up|

{an hour.

A Opposes Pan-American American Distilling. by selling its] fiquor to stockholders for $30 a bar-| dent of Export, said his company’s] Circle Theater com.. rel, will get $7.500,000; had it sold interest is not in traffic between |e it the regular way, taxes would have this country and South America,

but in getting across the Atlantic.

riers, oo longer ooh stone: th In reaching to inland cities in this}; cut s ey country, he said, there is no idea| Ind Serv 8 (= parts for Liberty cargo of “muscling in” on domestic air- | Indpis L ndpls

{ lines, but to have routes originating | indbls Railways com.

American Export, taking the po-|

| sition there is room for several U. S.| NT ing’ Pub Berv $% ped | airlines operatnig abroad, Crosses N ind Pub Serr.

ES ABROAD

American Export “Applies

explained that | {

J. E. Slater, executive vice presi- |!

covered the most desirable of the shipments,” Mr. Schenck said. “Though the market had supported {prices considerably above this ceiling, on the day establishing to)

This ediet- within itself wasin direch signed by the president in October,

seding actual law and it still holds fast, “On the other hand, and coming from the same government source, another decree established a floor under the hog market and covered about the same grades and quality 2s .the former, Normal calculation would place the floor at $13.80 net hundredweight on the Indianapolis market. ~-Hogs are selling at 2% cents per hundredweight below the floor established and so far as is known not a move has been made tol correct this violation.

‘Faith on the Wane’ “In the casé of ceilings, a-diree-|-

Charges ‘Price are |

charged today |

the market dropped to the govern-|-ment-established level and at no| time has it moved above this point. violation of the stabilization act}

1942. Thus we have an edict super-|

Giant columns, as tall as a 17-stery building, which were fabricated on the ground and hoisted into place by the world’s largest crane, mark the construction site for the world’s largest plant for the production of butadiene, chief ingredient of synthetic rubber, at Port Neches, Tex. The plant will turn out 100,000 tons of butadiene per year, enough to fill onie-seventh of our total wartime rubbér needs. Participating companies are Socony-Vacuum Ol Co, Ine.; Gulf Oil Corp.; the Texas Co.; the-Atlantic Refining Co.; and the Pure Oil Co. -

111,000 Porkers Arrive At Stockyards.

55% 8

feut3 g553888s3

“38

Cholce~ 700- 900 pounds’ 900-1100 pounds -. . 15.00 « 15.00

tive became more powerful than;

shortages can. be expected. Faith]

lis on the. wane in rural America. |

| “Appealing in the name of patriotism, government officials in-| duced farmers.td increase hog pro-|

iprocal flying Tights. all over the, coo or. som. 75. million ; head to - reported. today.

125 million head with the under- |

stariding that markets would be | provided and prices guaranteed, “The- price -guarantee already has | been tossed aside and there is evi- |

{told when he can deliver to the | market. Packers claim the loss of | manpower to war industries, gov-

| has reduced their ability to care|

for this enormous hog production. |e

Let it not be overlooked that the |

'‘Pan<American -Airways-is -the other, quota placed on the packers by the —American Export would line Chi- | governnient wrecked a multitude of | cific cago, Washington, New York and | small packing plants to which nor- | fresh pork sausage sold to consumBoston with “dawn-fo-dusk -serviee| mally. a- great portion eof these ers’ in sealed cardboard.cartons or of | shipments would. go. They. closed | | ickages .

dotn, lost their working force, and

| remained closed by the action of]

federal agericies, Charges ‘Bungling’

“In literally thousands of small communities where it has been .he custom for the townspeople to get | their meat from neighbors and from HReir own farms; the red tape has | become so snarled that it is easier "to go to the shop and wait, or do without meat, than to try the old system under federal domination. Though packers cannot handle the hog crop and the public needs meat, though hogs cannot be stored on the hoof like apples cn, and feed is scarce, it becomes a “black market” transaction for one neighbor. to sell to another, This is but another method of regimentation by directives, though those who put out the decrees apparently have no notion of following their own plans unless very convenient. “Viewing this situation from every angle, we see it becoming more apparent each day that . where the bottlenecks exist. they can be traced to bungling of bureaucrats who have {the ability to draw nice charts and then throw them away while the

{ practices and sound marketing.”

LOCAL ISSUES

general level since the start of | this year, the Investors’ Syndicate

IN BRIEF—|

ofindividual Americans continued to decline in September, reaching the lowest

September “real |: income” was, $1.16 against $1 a

year ago. Me

“ ss -®

Purchase of stock by an under

writer to raise the market price of American export is seeking, pas-| | dence that soon each farmer will be] security, or create excessive - |S

|ing in it, has been declared illegal

Allegh Corp | Allied Chem

Am Am

Am m

Am Wat Arm mn br pt 692 Atchison 50%,

.- 3.7% “ easaraanene - 1408 15.00 500 pounds Cessense

"N.Y. Stocks

High Low

HB 13.7%

. 146% UIE ‘Can “ 10% 8'2 12% 154% 53% 691 50% 261, Shy 85

Rad & 8S Rell Mm : T & 156 kp

ribtistnani+ng

0.40% 5 3 . 5.00@ 6 Bois. ab weights)

% S00 Mediu Cutter and common

a weights)

|by James A. Treanor Jr., director

of the trading and exchange di- ae South Atlantic via Natal to both | ernment-sponsored at high wages, |vision of the securities and ex-

change commission.

The OPA today established spe- |

Kennecott Kroger [-O-F Glass .. Minn Hny .... 68 Monsanto “8 Nash-Kelv

cents-per-pound . prices for

of moisture resistant | paper, rs

2 7 “The American’ Mea a charged today that the govern-. ment's cattle price stabilization plan would force packers out of business, discoyrage beef production and encourage black markets.

eid -

ler Corp., today reported that profits and sales of the organization were sharply higher than last year in the

profits amounted to $16,997,000, equivalent to $3.91 per share, com-|

share, in the 1942 period. ‘ . . »

week ended Nov. 13 reached a new record high, the Edison Electric institute reported today. Output aggregated 4,482,665000 kilowatt liours, an increase of 18.7 per cent over the 3775878000 kwh. pro-|

period. +» » ” class “A” director, Brown re-elected a class “B” director of the Federal Reserve Bank of New York. } . nn = -Samuel L. Hypes, vice president and director, has-been elected. presi-|. dent of Wieboldt Stores, Ine, Chi-

Notainal quotations furnished by Indian. pois securities dealers. Bid Asked Agents Fin Corp com.. Aen nts Fin « 3

mwith Loan 5% pid © Delta Elec sol.

| oox Hook up Fi Ft Wa

| ind ® Mich Elec 3nd Asso Tel 5% d Hydro Elec

14% qos 1% T% vid. iw «113 Pp 7% pid: % pia.. & L 5% pid . P&L com ...

| Indnis Water pt Indpls Water Class A © . Lincoln Loan Co Stan oy Linton Nat Life Ins com 40 . Mallory com ove 10Va . 98%

Ind Pub Serv <

2lat end of October, 1942, according to reports recéived by the Federal]

: HEAD ON WLB PANEL

cago. He succeeds Elmer F. -Wieboldt, son of the founder and presi-

tired, the announcement added. tl s 8 = 3 "A total of $187,800,000 of spn market . paper was oul Oct. 30, compared with $160,500.00 at end of September, and $271,400,

Reserve Bank of New York from commercial paper dealers.

| SERVEL PERSONNEL

a a a — K.T. Keller, president of Chrys-

shell Un ol... Std Brands

d O Cal .... Std Oil (Ind) . first nine months of 1943. Net Sud

pared with $14,502,500, or $3.33 per 4

- | You Electricity production for - the

BUSINESS “AT A GLANCE

9 months ended Sept. 30 net profit |$197, 158 or 9 cents a share vs. $82,duced in the corresponding 1942 gg7 or 4 cents year ago.

come $531,222 vs. $1,382,721 year ago; 8. Slaon Colt has been elected a 9 months Ra V8. oo Donaldson | year ago. ’

tober sales $1,324,405 vs. $082,051 year ago; 10 months $13, pL vs. $Y: 042,019 year ago.

dent since 1932, who asked to be re-|

CALVES (528)

: Good to choice . .. Common ana medium . Cully (75 Ibs. up) Feeder and Stocker Cattle and Calves RAs

Choice— : 500- 800 pounds .........0e. 800-1050 pounds ....eceesene

G & B

SEE

9.7% ?

Good — 500- 800 pounds .. sesetsenens 600-1050 pounds Medium 500-1000

pmo .

teisasnansan

REET

pounds

& at

Plein]

Cutves -tateersy ~'500- 1000 re | Medium — | 500- 900 pounds { Calves | Good and Choice— 500 pounds down . Medium 500 pounds down . “rs SHEEP Any LAMBS (1350) Good and choke and medium Cannes

SEiEEES

pg gp fol FXEve

3.50

FESTEES

Good. and choice 13.00 ood

DECEMBER WHEAT

HLL

a -

. 1% Rad .. ih ~~ B%

Park Utah Consolidated Mines Co. moved narrowly irregular.

At the end of the first hou (wheat was up * to ‘bushel; oats unchangeg; rye un changed to up %, and barley un changed to up % on a bid. vs In the December options whea

Pullman Co. September net in-

Thermoid Co. and subsidiaries Oc-~

5 ‘from $1.18%.

Top Remains at $13.60 as

[email protected] 15.00@18. 16.25

5 FARM MACHINES

16.2%

2.759 15.00 15.00

[email protected]

13.00 8:50010.50 14.00@ 15.25] [email protected]

[email protected] 125609 12.45

[email protected] 1 hi n

1 [email protected] production caused the largest [email protected]

s0| alloted to those crops. Release of

. IL000i3.00 . [email protected] 11.00 10.18 ‘ siessss 8500 975 FORE Cor Py sori

-1.00@ 8.50

[email protected]% [email protected]

2 5.38 4.25 0

13.00

BEST SINCE 1929

CHICAGO, Nov. 17 (U, PJ)~— December wheat rose to $1.50%, the highest price since 1920 on the Board of Trade today. Other grains

1 cent a

was up % cent a bushel from the previous $1.59%; oats unchanged from 78%, rye unchanged to up |, .4 from $1.12% @%, and barley bid up

What looks like A handlebar moustache” with earmuffs is the army's new lip “mike,” for men in tanks and other plaves where the user must have hands free, /The tiny micropinone and small "earphones fit under the helmets, gasmasks or dust respirators, and | virtually neutralize all outside Moises. : ;

ALOT INDIANA

"44 State Quota Above This Year’s but Some Cuts _Are_Made,

The Indiana agricultural war board announced today that Hoosier

of farm machinery to aid them in

3 over last year.. .. L. M. Vogler, chairman, said inreased emphasis on corn and hay

crease in available equipment to be

items such as potato diggers was cut. To obtain new farm equipment, farmers must have their applica-

«| war boards, Mr. Vogler said. Each "| eounty, he* said, has been alloted an exact number of pieces and can issue certificates for purchase only | for that amount. The allocation, compared with las.

farmers will receive 18,840 pieces; parade to get this group and that

tions passed upon by their county

15° Millon,

By ROBERT TAYLOR Times Special Writer ot

| ers, grocers and anybody else whose

Susiness | has suffered because: of the

The bill started out to Aappropriate 25 to 30 million -dollars yearly to advertise war bonds in newspapers, with half of the fund earmarked for small newspapers.

‘First of Long Line’

By the time it cleared the seriate, by a 40-t0-35 vote, it had -been stripped down to an allocation of $12,500,000 to 15 million dollars for the small newspapers, and it was no longer referred to as a measure to increase war bond sales. “If we bail out this particular group of businessmen who. have.

the beginning,” Senator Ball (R. Minn.) wained. Others have been

ing a hard time.

the war effort in any way, we ought to compensate the grocers for handling ration stamps. This bill will be only the beginning of a long froup ¢ on the federal gravy Sain? “Space ‘Giver Free The bill was transformed into an outright - subsidy for small-- newspapers in response to. the opposition

of ‘most dailies tothe proposal that" government funds be used -to pay

achieving their 1944 food production | 10 ma 25 goals—an increase of 6931 pieces

tarily contributed. The bill would provide between $1000 and $1500 for the smaller papers, with larger paper able to exercise their rights to a share, if they wish. Mr. Ball estimated the small-paper share would be about gross income. .

"FRANCIS HEAD OF

oe 43M, : ee 1361] 116

R36 633

Ensilage utters, Grain Sill Hay . Manure spreaders .

6 Row-iype sprayers HH Stationary. alors Tractors .... "a ain 41)

“These figures are "not final and! some will show some increase, depending upon our most serious needs,” Mr. Vogler said. “The war,

allocate only 80 per cent of its! allotment of farm machinery to] farmers of the nation. This still. leaves 20 percent of all farm ma-

r these figures will be sent out as quickly as they can Be finally | checked and distributed.”

t WAGON WHEAT ihe close of the Chicago market tole, “inaianepols flour milis' and grain elevators paid $1.57 per bushel for No. 1 wheat (other gr! on their merits), No. 3 white oats, 79¢, and No. 3-744 Lots, : No. 3 yellow shelled corn, per bushel, and No. 3 white shelled n5 16.1!

(WHAT'S UP?)

yg AMS... 837

food administration thus far has|

chinery as a pool to be used where it will do the most good. However, we have determined the county! ° goals on the present figures, and

GENERAL. FOODS.

NEW YORK, Nov. Clarence Francis was elected chairman and chief executive officer of

been hard hit by the war, it’s only.

affected, toa: The auto dealers first, ‘déalers in electrical appliances, and ‘rgrocers and butchers who are have

for advertising that is now volun-

WASHINGTON, Nov. " — The

| within five votes of defeating the |

“If “we're going to “compensate 1 _|every individual'who contributes to

7 per cent of the average paper's -

CO...

LALA Py—

‘the General Foods Corp. foday in

(Announcement of the ' personnel 12 changes accompanied a. statement’ é that 1943 sales will reach the record= breaking figure of $280,000,000.

Sherwin+ Williams Co. and subsidiaries fiscal year ended Aug. 31 net profit $3,795,928 or $5.07 a common

share vs. $5,320,256 or $743 year ago.

You breathe most

orl

directed. 5e:3 as much f Get Penetre Nese Drops

foe Dr. "Gard 3 Kiaiber, opt. 8.

Eyes _Examined—Classes asy Terms or

The Fair Optieai Dept.

211-325 W.

Have a “Coke” £¢ Qué Tal?

13018. general reshuffling of the come. | 814 pany’s officials.

] 1

with Pan-American, whose presi- | ;Pub Serv of Ind He pt *Pub Serv-of Ind com

dent, Juan Trippe, recently proposed pr, ress Caupdry com . |a community _of companies, owned | 2 50 S242. {and controlled by all American lines! LOmited Tel “Co tn »: |able to contribute, under a pian Union, Title com approved by the government. PanAmerican long has urgéd a sine gle airline should represent this | country.

i Henry Owen - Roberts, personnel | . 2 | director of Servel, Inc. -Evansville, Ind., has been appointed an. in-i: dustry member of the disputes panel | of the sixth regional war labor board, Chairman Robert K. Burns announced today. : The panels, which.are tri-partite in nature representing labof, industry and public, hold hearings on disputes cases and - present their recommendations to the regional

How Sluggish Folks Happy Relief

Van Camp Milk

pid ie Van Camp Milk com ....

Americed Loan “ ER DAILY PRICE INDEX |Sitizes NEW YORK, Nov. 17 (U. P).— Asso Tel Co Dun & Bradstreet’s daily weighted | oi Rees price index of 30 basic commodities, compiled for United Press (1930-32 ‘makes you feel punk average equals 100):

; on stomach upset, Yesterday ..........e... 169.77 RI take Dr.| week Ago. 7

- tessserasssessnss 160.33 Pup is medicine sad hel hog| Month ABD. voseeriressansss 1T240 y intestines, Year ABO: cisresrsnien casass 160.03 1943 High (Oct. 18). 00eees 17330 ¥ 19 Low (Jan. 2)......... 16661

: INDIANAPOLIS ARARING nOUSE ws ranenss 8 6,005,000 teres 30,142,000

«eo. OF bw 1 to ‘make a 2 pal in , Panama 4Qué sal says the polis ciizen of Pacama when be waats to show iateres: ia

your welfare Fully as cordial is the Have « “Cole” of the American soldier. la Sn spas hn hag wes Pt Se sntiel SEH