Indianapolis Times, Indianapolis, Marion County, 27 March 1944 — Page 11

ring so hungrily

he exploits of

1eory, no doubt, 1don was good

pages of The ino B. Reed's nalists of later wed to spoil a item: about a isn't) who had Vho,” asks The Who, indeed? ard of in those with the three rs. Baren—and statistics may

murders,

rue

been authentle, le present day, ry utilities, for h capital stock few to lighting with electricity. to this?" i imagine, and ve been mumece, need, however, r it observes: ht, the electrie to do this” nulepower mocourse, which ireetcar driver, ntially informs tockholder for

rafting certain \gon-siayers as a moral, too,

dsville Review ar horse, has nd forty-horse r on him, and ongress in the s—under such yield.” nidable list of New York Sun ly grows more

t, a collateral , observes: it exactly, It *r cent higher ut 6 per cent, nm.” n the last 61

leet

arch 27.—One es of the ine On naval ware le general ace . that the aire is the backd that instead ting the care er which does

xs had a hard ep in this war. been able to vintage, + the the Bismarck hed from the of other war-siser-launched

ships couldn't could be exe t battleships. no insist that ishing off the ve induced to

f our battles ised to soften aptured from | against this, guns are not ig up a landdrum barrage iat particular

1itment, while And then, too, ers, can only ore the wear d accuracy. ships against yattleship sit is sufficient

a

n of unedus the post-war ident Mount

adversaries, defeat. They with nothing ain by trying » execution.—

Much of Its

portion of yesterday’s speech

“he talked only about internal ‘policies, ledving unsaid the government's views on ‘other, and to this country, more

important, questions. "Some say that although

not become the king’s first minister in order to preside over empire, the fact is that much | of “it—econoemically, not territorially speaking—has already

the liquidation of the British

been liquidated. . Before the war, Britain derived much income from investments abroad, from shipping, financing

7 Joretgn trade and from earnings of

insurance com-=-panies. Many of her investments have been sold to pay costs of war The U. 8, with its great warbuilt merchant marine, has ideas about using it in peacetime commerce instead of allowing it to rot away again, Some of the nations which were once good customers of Britain, such as Australia, New Zealand, India and in Latin-America, have speeded up their own’ industrialization and may not buy as much after the war. The U, 8. has developed a synthetic rubber industry; it remains to be seen what effect this will have on the natural rubber imports from Malaya and the Dutch East Indies. At any rate, there is another threat to Britain's export trade. A U. 8. commerce department official, Louis Domeratzky, says that other countries are in a bad way too, in regard to foreign trade after the war. The Swiss watch business is booming now and Switzerland will still have many products to sell but her tourist business, particularly from Europeans, will not do so well. France, says Mr, Domeratzky, has Jost some of her foreign investments like Britain Holland's foreign holdings, like rubber plantations and tin mines, have been damaged by the scorch-earth policy and there's no telling what the Japs will do to them. It does seem fairly clear that the U. S. will have to help rebuild devastated European cities. Lumbermen say we are shipping tremendous quantities of lumber to Europe now, and some to Asia, and that this probably will continue several years after the war ends. ‘. ” » . THE GOVERNMENT has made quite a bit of profit out of its War Damage Corp. Formed to insure those fearing bomb damage, something executives were not too sure about early in the war, the company has collected $243 million (as of Dec. 31, 1943) and paid out only $4572.

RED TAPE is keeping many war plants from getting paid promptly on cancelled contracts. The senate war contracts subcommittee says no more than 10 per cent of the money estimated to be owed has been paid. Many claims are still unpaid after a year. Moreover, materials released through contract termination have often lain in the same plant for months and months before removal. - . »

AROUND INDIANA: Indianapolis symphony orchestra is warning season ticket subscribers to buy before April 1, when the tax goes from 10 per cent to 20 per cent. . . Hoosier farmers spend 60 million "hours a year milking cows, Purdue estimates. . . « Indianapolis department store sales in the week ending March 18 were 23 per cent over a year ago, the Federal Reserve bank of Chicago says. . . . General Motors’ payroll in Indianapolis (Allison and Chevrolet Commercial Body, chiefly) was $67 million last year or nearly $22 million over 1942. For all of Indiana, G. M. had a $138 million payroll or $39 million over '42. » . " ODDS AND ENDS: WPB is setting up orders controlling manufacture and distribution of work gloves, production of which is half estimated needs. , . . One British aircraft factory employs only women. . . . Stocks on the Paris Bourse are down considerably from last year’s high, partly due to restrictions, higher taxes and the prospect that France again will be a battlefield. . « « Wayne university at Detroit plans a course in jet propulsion. . . . Penn Electric Switch Co. of Goshen made $244,000 last year; fit put $550,000 aside for taxes, $2,350,000 for refund under contract renegotiation. . . . Republic Aviation of Farmingdale, L. I, and Evansville made $3.08 a share against $1.02 last year,

Timken-Detroit Axle Co, six months ended Dec. 31 net profit $2,520,522 or $2.55 a share Vs. $2,~ 769,955 or $2.70 year ago.

A THOROUGH

ONDAY, MARCH 2, 1944

USINESS

= War Has Forced Britain to Liquidate| Econgmie Empire Already!

sm ————— By ROGER BUDROW WHILE WINSTON CHURCHILL DEVOTED a good

to post-war plans for Britain,

Churchill has declared he did

COMMUNICATION MERGER ON TAP

Navy Has Plan Ready for Senate Committee,

Redman Reveals.

WASHINGTON, March 27 (U.P.). —It ‘was learned today that the navy department, when requested by congress, is ready to present a plan calling for the merger of all American international communication services into a single privatelyowned system. Chairman James L. Fly of the federal communications commission also has expressed himself in favor of a unified system. Rear Admiral Joseph R. Redman, director of naval communications, confirmed the existence of the study. He told the United Press the navy is ready for its presentation whenever the senate interstate commerce committee, which is preparing to consider the matter, asks for: it. He emphasized that the navy is not seeking to ‘effectuate any proposed merger at this time to avoid upsetting the facilities now being used for war purposes. As a part of its military operations, the navy already is operating one of the most extensive international- communication systems of all time. Features Outlined

Ma jor features of its plan: 1. -Mandatory legislative unification of the various privately-owned U. 8. international communications firms into one newly created company. 2. A congressional charter, rath-

BOWLING: $20 per alley (now $10).

COSMETICS: 20 per cent (now 10).

Hl

aN THEATER TICKETS. 20 per cent (now 10).

+ FURS: Bess cantiave 0g

War's a serious business, so having fun or enjoying non-essential luxuries is going to cost you plenty more when the new tax bill,

passed over the President's veto, becomes operative,

Sketched above

are just a few of the things on which the tax has . been raised

double or more.

Job Informatio

For Vets Planned by Hines

n Centers

WASHINGTON, March 27 (U. P.).—Brig. Gen. Frank T. Hines dis-

closed today that his retraining and employment administration soon will take the first step in the human demobilization program-—creation of a nation-wide system of information centers to advise returning

servicemen of their rights and how

er than a state charter, for the new corporation, so that congress could retain some measure of control over operations and policies. 3. War, navy and state department representation on the company's board of directors,

Originally Opposed

When international merger provisions were considered in conhnection with the domestic telegraph telegraph merger act in 1942, both the army and navy opposed them. This opposition was based on the belief that action of this sort could not be consummated during the war without adversely affecting essential military communications, But, with the benéfit of the ex-| perience gained and in view of the] progress of the war, the navy is un-

derstood to believe that discussion

and consideration of merger pro-| posals should proceed now so that] necessary arrangements can be con- | cluded swiftly with the end of the] War, Cites Monopolies This feeling is based on the be-

lief that foreign-owned or con-

trolled monopolies. have been able in the past to play elements in the divided American communications group against each other to the disadvantage of all American interests. To enter the post-war era under such conditions, it was felt, would place the United States under handicaps which could relegate it to a secondary position from a com-

{munications standpoint and sub-

stantially affect its international commerce. Adm. Redman said the navy “would prefer for the purpose of administration and control, to deal with a single communications system in time of war. Since other powers have unified communications agencies, which are either gov-ernment-owned or controlled, and which therefore give them definite advantages during peacetime as well as In war, there is a definite, urgent need for a single American communications organization devoted to American interests and with no foreign entanglements.”

DAILY PRICE INDEX

NEW YORK, March 27 (U.P.).— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100). Saturday seovicsersssesreses 173.08 Week 880 eovesvensesssnssss 173.12 Month 880 .e.eessvccssanees 17227 Year ago Sess sssssssssrsenen 171.74 1944 high (March 20) ..eees0. 173.12 1944 low (Jan, 5)...cecveuses 170.69

EXAMINATION

Store Hours: - Monday 12:15 to 8:45

i gS

OPTICAL DEPARTMENT _

Established 29 Years

DR. R. J.

WELDON

In Charge

Use Your Charge Account oy .

"d

Establishment of these centers was one of the main recommendations | 500- 800 pounds ............. [email protected] in the Baruch report on the han- 800-1050 Pounds .....scess... [email protected] dling of war and post-war problems. 500- 800 pounds .... vers [email protected] Barnard M. Baruch, sdviser to Wat N. Y. Stocks 300-1050 pounds... sll 105091150 Mobilization Director James FP. wet 2X Ted0 pounds ......evennsn [email protected] IN LIVING COSTS Byrnes and co-author of the report, Chat High Low Last Change | 500- 900 pounds raran sr Terg nt 8.00@ 9.25 is~Chal .... 1 ne C tee contended that everything must be ATsiCRAL -- Jon Rd J Cal Gosd and chales NEW YORK, March 27 (U..P).— | done to keep the veterans from get-|Am Rad & 8 8. 3 3 Ba .... 500-1000 POUNGS ~.uviuurnnes [email protected] i ting a “run-around.” An BLM a uN I ite DE ar x is 7a 7 —— ‘ - 900 pounds .......... . % ” ’ y Hines, who has administered the Am Tob B .. 62% 2% 2% + % PO heis theiicy” Pan] con as 1 affairs of the Veterans bureau for AD, water W.. Ho ae see Good and Choices. compared With. Feurunly Jag. year Anaconda .... 26% 26% 26% + | 500 pounds and down ....... [email protected] | stands 1.5 per cent higher and is the past 21 years, made the infor-|Atchison 672 67 67% + a3 |Medium— mation centers one of the first AU Refining. 28's 29%. 28a .... | 500 pounds down ........... [email protected]( 20.2 per cent above January, 1941, Sh Toe tack oil UDOT. Sastre Paid loco ot. Uy Nn. 4h + % SHEEP AND LAMBS (675) the National Industrial Conference tasks po Beth Steel 60 30% 89% + % Ewes (shorn) board reported today. ing the additional task of directing Borden ...... 30% "30% 30'3 - 35|Good and choice ............ 7.50@ 8.50 : human demobilization Celanese 36%, 36'; 36; — 3; Common and medium ....... a Living costs in February for wage * Ches & Ohio.. 46% 46% 346% ... LAMB: earners and lower-salaried clerical He said in an “interview today Chrysler 87, 842 B4'z .... |medium and choice 15.009 16.25 that the federal, state and local|Surtiss-Wr .... Sh 8% Si + 1a |Medium and good ............ 11.38@1450 workers declined in 51 of 63 indusgovernments, he Amervan Legion) Be nt > tm Af J* 1 Bjtemmen ooo l.o.. PiGiiie) tial cities fiom January to Fevruand civic organizations will be en-| Gen Electric .. 34 36 36 + | ary, Wille costs Were higher in 10 listed in the initial projects. Field | Gen Motors’ 57% 58% 5712 FAV GRAIN PRICES FIRM Huss and unchanged in two of facilities of the U. 8. employment | Goodyear FE Ri ig | service, the war manpower commis- | Greyhound Cp. 20% 20% 20% .... The largest month-to-month in-|, sion and other government agencies| Int Havester. The, 31° TC + Srease was reporied ffom Clevaland, will be util but H empha- | Jobns-Man 20's * 90% 90% — 14 where the rise was given as 0.7 per ized, ines ennecott ...... 3% NW AN... CHICAGO, March 27 (U.P)— sized that whenever possible he|L-O-F Glass .. 45 45 $8 .... Grain fut firmed th wanted to make the operation a |Lockha Aircraft 1% 11% I +h rain futures on the Board { community affair because “I think en vid Sh ON) — Bot Trade loday after a slightly irwa K bette t Mont Ward ... 45% 453 45% — % regular opening. The tight grain {they always work out r that ui h Keiv 123 123 3 + 3 : way.” Nat Biscuit |. 21% 21% 213 1|Situation continued to give a strong s Tough Probl Nat Distillers . 34ls 33% 33% + 3/tone to the market. . ue tony ee NY Central 30% 13%. 18% — | At 11 a.m. wheat was unchanged The 60-year-old administrator Packard ''0 4 4: an .. (to up % cent a bushel; oats unemphasized that he had no illusions | pen, Am Ar -- 30s 200 300+ © lt|changed to up %; rye up % to %, over the complex nature of his Procter Dodge . Ss fi: Bh — % ma barley unchanged to quoted up ” man ...... 42%, 42 42% — 3 rr new Foon. Nevertheless, he ru re Oil si 1m 7s 1nd ce Early trading in wheat displayed was equally confident that with in- Reyn Tob B... 30% 30% 3014 — 1,|80 uneven tone and was confined dustry, labor and the government Schenley Dist . 81% 51 = 51 ~~ — % to narrow volume. Orders to buy working as a team that the post-|Socony vacuum 137s 12% 123 — i3/Were in the market for May at war employment problem can be Seuth Pac .... 30% 30% 30% - % $1.74'¢ and May quickly rose Is solved successfully. Sid 0 Onl... 36% 36% 36% oo cent to ceiling level. Other delivHines pointed to a few of the sid ou and .. un an 3% + 4 eries scored fractional gains. problems facing him and his aides: | Texas Co... 48% 483% 48% - 1, eG ————— Will there be enough executive jobs rg ent -Fox. 23% PE 23% + 1 LOCAL PRODUCE to fill the demand expected tO|US Steel... . 32% 52% 535 1 ta|gnte"? breed bens, 33; Leghorn hens, come from men who held small jobs| Warner Bros . 3% 3 13... | Breilers, fryers and roosters, under § during peacetime and will come |yesas ssw . 18% 16% 18% — 1c] DSc, Leghorn springers, 3c.

back as army, navy or marine corps officers; what is to be done about the soldier who wants to follow a new craft for which he was trained by the army; to what extent will old skills be isolated by new techniques stimulated by war production; will returning soldiers be sufficiently skilled to handle the jobs to which they will be entitled under union contract’ seniority rights? Urges ‘Furlough’ “Those are just a few of the knotty ones,” Hines said. “But I want to stress that nothing must be done to destroy the initiative of the returning veterans — nothing must be put in his way of seeking and getting a better job than he had, if he wants it.” An important factor in the entire problem, Hines said, will be the speed with which demobilization is undertaken when hostilities end. He reiterated that he favored at least a six months furlough rather than outright discharge: for retw. ing veterans on the premise that it will take industry at least half a year to reconvert to civilian production. “I see no sense in dumping thousands of veterans on a community where industry is going through the transition period,” he said. “What

well fed, well clothed and . paid. There should be at least a six months furlough period when the veterans won't have to worry about Jobs.”

U. S. STATEMENT

WASHINGTON, March 27 (U. P.). = Government expenses and receipts for the current fiscal year through March 24,] compared with a» Joel ago: This Year Y 808... .. $67,283,500,458 $53,394,458,454 4. War ,684,208,080 49,103,574,788 ears 30,361,404,668 13,626,359,546 Net awa 003,140 39,764,636,197 Bal... 16,710,855,1 4,676,000,095 Work Bal... 15,948,056,170 3,013,382,502 Pub. Debt...186,831,572,170 119,018,484,042 Gold Res.... 21 599,899,631 2,504,723,087

INDIANAPOLIS CLEARING HOUSE

3 eriansieenreans, seren$

to get them.

LIS TIMES _

UP TO 15,00

Prices Generally Steady| First Class Mail Increased from 2 cents to 3 cents per : Local Delivery ounce ar fraction thereof. No changes in In Market Here; Top ; rate on post or postal cards. ; First Class . Is $1 4.35. Out -of-City Mail. No change in rates, Hog receipts swelled to 15,000 at : the Indianapolis stockyards today,| First Class Increased from 6 to 8 cents per ounce. the office of distribution reported. Air Mail Alr mail rates to and from armed forces outside A holdover of 3000 hogs was ex- continental United States still 6 cents per Ya ounce. Prices were generally unchanged No change in rates. in a moderately active market. The Second Class Mail {Comprises magazines and newspapers mailed by top was $14.35 for good to choice 200 to 210-pounders. : No change in rates. Receipts also includ . ’ 650 pe and 675 ie 2050 cule, Third Class Mail Campsie 3 printed €irculars, folders, catalogs, . . etc.) GOOD TO CHOICE HOGS (15,000) : 3 vi ormer rates 120- 140 pounds ..sus0@iz00| Fourth Class Mail Increase of 3 per Son over ! Tr 140- 160 pounds ..... [email protected] Parcel Post wv m 0 pe 10. in pounds sires : neu = package. i Above the minimum increase, pounds ... .. 14,[email protected] ractio cents of the 3 per cent in200. 290 Pounds wes it 186143 crease undef % cent are disregarded; 240. #0 pounds See . 1 a4. 30 fractions over 1; cent are computed as a = pounds ... . . 300- 330 pounds . 14.15 full cent. Thus: 330- 300 DOUBBE .evvicrvsenre 14.10 Postage at Former Rates Added by New Rates 160- 220 POUNAS ............ 11.50013.50 Up to and including 480 1 cent Packing Sows Prom 50c to 83c Inclusive 2 cents Good to Choice— From 84c to $1.16 inclusive 3 cents 270- 300 POUNdS .v..uvvannnn. [email protected] From $1.17 to $1.47 inclusive 4 cénts 330: 300 bounds 1.1.10. [email protected] « | From 150 to 18 inclusive 5 cents 360- 400 POUNAS ..eeeeoeess.. [email protected] From 1.84 to 2.16 Inclusive 6 cents 300 Pd pubs . [email protected] Increases on larger amounts on a similar basis, 450. 500 DOUNAS sr vvvevessnrr.” [email protected] um 250- 500 POUNAS ............. [email protected] Book R Same increases as on parcel post above. Slaughter Pigs ook Rate (Comprises permanently bound books containing Medium and Good— Ro advertising) 90- 120 pounds . . [email protected] CATTLE (2050) Amount Old Rate New Rate Chater asd Steers ga Money Orders $001t08 2.50 $0.06 $0.10 900-1100 POURAS .....0.e0e... [email protected] 251 to 5.00 08 14 1100-1300 POUNAS ...ovsvssenes [email protected] 5.01 to 10.00 a1 19 13001500 pounds ....ee.s sess. [email protected] 10.01 to 20.00 13 22 700- 900 Pounds ...e..see.es. [email protected] 20.01 to 40.00 - 15 25 500-1100 pounds eanerarretes itpens 40.01 to 60.00 18 30 pounds ...ce..e00000 1300-1500 POUNAS +rvveessensr. [email protected] ww 60.01 to 80:00 20 4 Medium — 80.01 to 100.00 22 37 700-1100 pounds ........ esse. [email protected] $100.30 pounds .....s.00 ves [email protected] ORMROR wn io 1 1 Indemnity Old New Indemnity Old New 700-1100 pounds feeseeeaseias 11.00913.00 Registered Mail 3 Limitation Fee Fee Limitation Fee Fee Choice— Heifers $ 500 $0.15 $0.20 $500.00 $0.70 $0.95 600- 800 POUNAS ........o0uus [email protected] 50.00 -20 .35 600.00 80 1.05 300-1600 POUNdS +...eoeenenns [email protected] 75.00 25 35 700.00 85 115 600- 800 POURAS ..evves veer. [email protected] 10000 30 40 30000 90 120 2300-1000 pounds ..eessssecs.. [email protected] 200.00 40 58 900.00 95 1.35 edium— 300.00 50 65 1000.000 100 1.35 500- 900 pounds .....eee veees [email protected]] © Co a 400.00 60 .80

500- 900 pounds Bulls (all weights)

Beef— Good (all weights)

Canner CATTLE (650) Vealers (all weights) Good to choice Common to medium Cull (70 ibs u

Steers Cholce—

J RECEIPTS |

p) 5.00@ Feeder and Stocker ‘Cattle and Calves

[email protected]

[email protected] 00a

{cup THIS—

Here Are New Postal Rates : “Which Now Are in Effect |

Insured and

All former rates doubled.

rrtoerin 11.50912.25 : | Wiis C.0O.D. Mail GOOd ..eiieiiiiiiririiaeaes [email protected] Medium > . Cutier asd commpn Insurance & Registry | 1 eased from 3 to 4 cents. Receipt Fees

Pees for effecting delivery of C. O. D. mail upon terms different from those ine stipulated at a time of mailing is increased from 10 to 20 cents. Demurrage on domestic C. O. D. mail, formerly 5 cents a day, doubled to 10 ceits per day.

No change is made in C. O. D. fees

on sealed domestic mall of any class bearing first class postage. On restricted delivery mail, fee for effecting delivery of domestic registered, insured and delivery of which is restricted to the addressee only, or to the addressee or order, is increased from 10 cents to

20 cents.

C. 0. D. mall,

decline,

WAGON WHEAT the close of the Clilcago Joares

is to be gained? The soldiers are|

FILM STAR

HORIZONTAL 58 Dine 1,6 Pictured fim 60 Nickel

%a| Old roosters, 16c. Central Ohio Steel Products year ended ‘Nov, 30 net income $155,196 or $1.18 a share vs. $228,705 or $1. 73 previous year.

rrent receipts, 54 Ibs. and up,

MW iradea Eggs—Grade A large, 23c: grade A medium, 2lc; grade A small, 18c; n grade, 18c. Butter—No. 1, 50c. Butterfat—No. 1, 49¢c: No. 2, 46c.

~ CROSSWORD PUZZLE 2 Ansiver to Previous ous Pussle

ER CORE SAR Sel A [CIAIPLS

E101} i INDIO

INE EAR] (WIOIOBRA | | [CIA] = IRIE EVES [OIC ILD) ee | OIE IRS TPT AT REE IN| |

12 Road (abbr.) 61 Symi) Rg abbr. ear ANIEE SES IRE 13 English money 62 Before NIQIRI En SE iS) ind ul K TH RoE LEA [PIT WL 1 p< . Boheme Hiner [SUENDEREIST] Swe 16 pava (comb. 63 She She is a movie 21 Biblical ‘39 Perform ronoun 41 Near RR UI, 18 Golf device nterna abbr. 19Permit - VERTICAL "jo, cuage 47 20 Twisted 1 Boat'sstaff 26 Perceive sound 48 Evergreens 22 At no time 2 Smell .27 Color ~ 49 Individuals 28 Us SAtpresent 28 Network - 50 Tidy 24 Erbium . 4 Persia (anat) _/51Rush | (symbol) - 5 Simplicity 20 Articles of 53 Against Exclamation Fruit _ furniture + 54 27 Transpose 7 Above 30 God of war 55 Age | (abbr.)» 8 Tiny 32 Cognomen 56 Twitching "29 Bachelor of 9 Island 34 Rhode Island 57 Honey Medicine 10 Bom - abbr.) . { (abbr.) \ 11 Obtain 36 Musical note 59 Article 131 Upon " '33 Weird . 15 Auricle 13 I 1 1 '37 Interest . | (abbr. . J : i 38 Image « 5 , : 4 | during Eo : . Se N 40 Egyptian sun ol . | god 42 Tellurium Lt = | (symbol) a: 43 (abbr.) Ly no 44 Cerium - i © (symbol) < ! 45 Tantalum | | (symbol) > > 7 Right (abbr.) P° P*. 1: » 48 Discovered 1

elevators red wheat (other

Up to today, Indianapolis flour d grain paid $1.63 per bushel y No, 1

grades No. I aa Sand Ko. 3 red 19¢ yellow shelled corn, $1.06 per hae a Fo. 3 white Shelled & corn, $1.24.

cent. Newark reported the largest) Soft 23 per cent. Memphis, Philadelphia and Wilmington, Del. Yan reported a drop of 1.0 per cent, but nowhere else was the decline as great as 1.0 per cent. Compared with February last year, | Ch on living costs increased in 57 cities. Denver recorded the largest increase in the 12-month period with an advance of 4.1 per cent. Buffalo reported the smallest increase, 0.2 per | Su cent. Detroit, Philadelphia, Portland, Ore, and Rockford showed|N declines, while two others showed no change.

mills al on their merits).

oats,

Denounces Cost-Plus- Fixed Fee Type as ‘Most Extravagant.’

Warren, often called .the watchdog of the treasury, believes that the cost-plus-fixed-fee contract is “the most extravagant, the most vicious, most. damnable form of business imaginable.” “We should expect big figures for. war—but every dollar should show a dollar's worth in return and it doesn’t,” he said. Pointing to three framed documents on the wall of his office, he said: “When I signed this warrant here for $7,000,000,000 I thought that was something. Then along came this one for $47,000,000,000. Whew! I though surely that would be tops, then not long ago, after one week when I was away, I came back to find that my assistant had signed one fer $52,000,000,0000. “Millions here are like dimes down in North Carolina.” Warren said that the war profiteer is on the loose and he fears that there is going to be multiplicity of scandals growing out of war contracts. He sald war department contracting officers were showing no improvement in administration of contracts. “Of course, war_at best is waste,” he said. “But like the generals in the army who try to spare their men, so should the contracting officers make an effort to spare the public’s money.”

LOCAL ISSUES

Nominal guotation 1s furnished by Indian. Be %

apolis securities dea Asked Agents Fin Cop com wears nl corp pid.

*Comwlt Delta Elec com Hook Drug Co com 15 Home T&T Ft Wayne 7° pid 51% ‘Inc & Mich Elec % pid. EP 113 Ind Asso Te' 5% pfd ......... 102 Int Hyd.o bi 7% pid *Ind Gen Serv ......... *Indpls P Lat L pid .... Indpls P & %. com sina Indols Railways Son cassensens

Pu Pub Serv ot Ind com Progress Laundry com d & E 43 pid . *Stokely Bros pr pf . United Tel Co 5% ..

Algers Wins'w W RE ye . American Loan Fd American Loan 5s 46 ......... Cent Newspapers i 42-51 .. Co 4%s 61... 80

m Bl Citizens nd Tel

4%s 61 ...... Consol Fin 58 60 ............. Ind Asso Tel Co 3158 70 .....108 napis PAL Ws .......... ndpis ilway Co 5s 67

ndpls Water Co 3%s 68

ner

Morris 5 & 10 Bor

Muncie Water Works Inu I‘ub Serv x 13 N Ind Tel 4%s 55 .....

Pus Serv of na ia 3

1942.

WASHINGTON, March 21 (U.P). — Comptroller General Lindsay

TIT Corp. 1943 net income $147,705 or 92 cents a share vs. $282,586 or $1.77 in

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