Indianapolis Times, Indianapolis, Marion County, 10 April 1944 — Page 7
has the under
wner, Mass,
ine, who is.a pounds on a admitted that about his en. T'd rather ride in the world, orses, although n one, I almost
other gave me birthday. The on him, I fell sad so badly I ee weeks.” » pony? t the pony, and academy where properly.”
yi slated to -
* horses today ve the bookies "if he wins on like he did at
Soccer ril 10 (D. P)— , left half, who Morgan Strasated the Cleve in the western [ the national at Bridgeville
t the Chicago rn final, probn two weeks,
ts
. y
supervise, but the government agencies ch made the original contracts handle their termination. .
of By ROGER THE BEST NEWS FOR
time is that agreement has been reached on a bill governing the termination of war contracts. It is now awaiting -senate action.
The first move was mad
Baruch-Hancock report but congress objected to giving control over demobilization to the White House. :
The matter dragged on for several months ‘with both the senate
and the house trying to get cred®|planes
for putting through the first bill while war industry, with contracts " being canceled at a rate of 1% billion dollars a month, was the
goat, : The bill, ag now writ t e n, provides for a director, stop-gap financing, removal of machinery and materials from war plants, and appeals from settlements, The director will set policy and
The director may supervise payments by prime contractors to subcontractors if he feels it necessary. The original plan of paying the contractor 90 per cent of his claim immediately was eliminated and now the director may pay as much of it, subject to final termination, as he deems necessary. The mandatory provision requiring 30 days notice for contract cancellations has been eliminated and now the bill says that should be done as soon as possible.” The general accounting office is authorized to make a final audit to determine whether payments were made in accord with settlements and whether fraud is apparent. » . [J
PAUL HOFFMAN, president of Studebaker Corp, sold 5000 shares of his compon stock holdings in February, leaving 28,000, according to SEC's reporting of trading by insiders. . . . Ray Cummings and Edwin Martin, officers of Farnsworth Television & Radio Corp. of Ft. Wayne, bought 2000 and 3000 shares, respectively, early in March. ».8. ODDS AND ENDS: Early Easter buying and a rush to buy luxury items before the higher excise tax went into effect Saturday boosted Indianapolis department store sales 25 per cent in the week ending March 25, the Federal Reserve bank of Chicago reports . .s Mead Batchelor, one of the key men in planning and managing Brass Co.'s plant here, has been elected a vice president of the company. . . . Schenley’s Lawrenceburg distillery has turned owt enough ailcohol to make more than 5,300,000
synthetic tires. , , . Auxiliary gas! Nominal quotations furnished by Indian. apolis secur) ecurities dealers, Ageats Fin Cop com Pe yw <Orp pe. vesssnnns IM eee Belt R Stk Yds com .3¥% Beit R Stk Yds pfd.. Ie Re Bobbs-Merrif! rasan bane o shou Bobbs-Merrill 4%% pd ..... wld Theater eom .. .....c.eu. - + Comwith Loan 5% pid........ 193 108 Delta Elec cOm ......co00invn 11% 1% Toms Ta¢ 7% Wayos 1% bid 31%. ome £ syne 1% pfd 51% ..... Ind & Mich EX wen 133 118 Ind Asan 5% pid ......... 4] 108 Ind Hydro Elec 7% pfd...... ” » Ind Gen Re , 106% : Indpls P & L pfd ............ 108% 111% nr P&Locom ....coone 8% 1" Ind>is Ratiways com..... sevens 13 wh Ind ater pid .108 asave Indp ater . 18 19 Li n Loan Vo 5%% pfd idnwola Nat Lite Ins com Mu
*N Ind Pub Sore 54 Prev eanar
Bo
ted Union Title com ..... Van Camp Milk pt . Van Camp Milk com
Agers Wins's W RR "we was Fon American Loan 5a 5s §1.. = 100 American Lous ew ii. Ww t NSRADErS 3 44-51... 99 ..... Ch of Co 4's 61... 83 85 Citizens Ind Tel 43s 61 ...... “103 bio) Consol a 80 ..... -. 100 Ind Asso Tel Co 3%s 70 -..... 8 out nopls P 4 L J%s 70 aseedd 109 [ndpi: Ratiway Co 5s 87 ..... hi 80 [ndpls Witer Co 3's 68 107% 109 komo Water Works 5s 58 ..108 cil Lubner Packing M....0Nn 1% s 5 & 10 Stores 5s §50...1001 ..... Muncie Water Works 5s 66 ...108 ..... N Inu "ub Serv 35 1 ........ 01% 108% N Ind Tel 4%s 55 JRO. 9 Pua Serr of Ind 3%s 78 ...... 104 105% Pub Tel a%s 55 .. ... ....uvu. 100 108 kichnona Water Wks bs 57 ...108 ot Trac Term Corp fh 87... «87 20 U A. Machine orp Ss wes 99 ] ~afvidend,
Reavy breed hens, 33¢; Leghorn hens,
fryers and roosters, under § 1bs., Leghorn springers, 23e. Old roosters, 16c Eggs—Current receipts, 54 Ibs. and up, Grated s-—Crade A large, 3c; sre A medium, : grade A small, grade,
23¢, Butter—No. - S0c. Butterfat « No. L 9c; No. 2, dé6c.
EEL LIFTS ATTACHED
Solution
‘{ers Really Think.”
: | Pressing Public Relations Problems
‘| the Indiana State Chamber of Com-
‘ichairman of the state-wide spon- A soring committee and will preside
~
Nears for Settlement
‘Government War Contracts BUDROW WAR INDUSTRY in a ong
e several months ago in the
tanks, defigned to give
g i
t is in the tooling-up stage no: It will have an Allison G. M.-built ‘airframe and
N. A. M. PLANS ‘CLINIC’ HERE
Public Relations Subjects Of Meeting Friday at Claypool.
Business and industrial public relations, now and after the war, will be discussed at the Claypool hotel Friday aunder sponsorship of the National Association of Manufacturers and the National Industrial Information committee. The chief speaker will be Frederick C. Crawford, president of Thompson Products, Cleveland, immediate past president of the N. A. M. and now its board chairman, who will speak at the luncheon session of “Public relations as a tool in the post-war programs for industry.” “Fundamentals in Sound Public Relations” will be the general subject -of discussion at the session, which will open at 10 o'clock. Speakers and their topics will be: Claude Robinson, president, Opinion Research Corp., Princeton, N. J., “Let's Study Our Public”; Chester Oberly, president, Tokheim Pump Co, Ft. Wayne, “What Should a Company Expect from its Public Relations Manfl”, and Edward A. O'Neal Jr, plant manager, Monsanto Chemical Co. Trenton, Mich. “How the Plant Manager can Further Good Company Public Relations.” Garrett {0 Speak General subject of the afternoon session will be “Reconversion and the Post-War Period Challenge Public Relations Thinking.” Speakers and their topics will be: Paul Garrett, vice president in charge of public relations, General Motors Corp. “How to Plan a Public Relations Program for Your Company”: George A. Kelly, vice president, the Pullman Co, Chicago, “Lessons From Wartime Public Relations”
and Everett R. Smith, director wy research, MacFadden Publications, | Inc, New York, “What Your Workwhich is a report! of a special study of public opinion in Indiana, recently completed. At the dinner meeting a panel discussion will be held on the subject, “What Are Industry's Mast
Today?" Clarence A. Jackson, executive vice president of the Indiana State Chamber of Commerce,
HA : N : , {will be moderator, and five business prising Ind : inois and |
Wisconsin led the nation in Febru-|
and. industrial leaders will participate in the discussion. The conference is one of a series] of public relations “clinics” being! sponsored by the two national organizations in larger cities throughout the country. Co-operating as local and state sponsors are the Indianapolis Chamber of Commerce,
merce, thee Indiana Manufacturers’ Association and the Associated Employers of Indiana. Teetor Is Chairman
Lothair Teetor, president of the Perfect Circle Co, Hagerstown, is
at the conference. William C. Grif-
Other members from Indianapolis
{are Roy E. Adams, J: D. Adams & | Atchison
Co.; W. A. Atkins, E. C, Atkins & Co; Paul H. Berger Jr, LukasHarold Corp.; M. 8. Block, Wm. H. Block Co.; Potter Bowles, Hoffman Specialty Co.: C. E. Harvey Bradley, W. J. Holliday & Co.: Joseph E. Cain, P. R. Mallory & OCo.: A. H Clarks, Indianapolis Bleaching Co.; ‘H. E. Gottberg, International Har. "lvester Co; T. B, Griffith, L. 8 Ayres & Co. and Wallace O, Lee, Indianapolis Power & Light Co. Others from Indianapolis sre E. B. Newill, Allison division, General Motors Corp; Frank 8. O'Neill, Link-Belt Co.; .C. N. Reifsteck.
of America; E. F. Theis, propeller division, Curtiss-Wright Gor Corp. Nicholas H. Noyes, Eli Lilly & Co,; G. A. Wainwright, Diamond Chain & Manufacturing Co.; Russell I. White, White Baking Co., and Walter Wolf, H. P. Wasson & Co.
FASTEST SHOE REPAIR WHILE YOU WAIT SERVICE
McCRORY'S
|~ 21 RB WASHINGTON ST. © DOWNSTAIRS ?
‘Peerless Electric Supply Co. Wholesale Electrical Supplies SPECIALIZED SERVICE FOR DEFENSE INDUSTRIES
Other members are O. V, Badgley, Delco-Remy division, General Motors Corp. Anderson: William H. Ball, .Ball Brothers Co., Muncie; Benjamin F., Geyer, Wayne Pump Co, Ft. Wayne; Dean Mitchell, Northern Indiana Public Service Co, Hammond; Quentin G. Noblitt, Noblitt-Sparks Co., Columbus; E. K. Quigg, Richmond Baking Co.
Richmond, and Louis Ruthenburg,|¥
Servel, Inc, Evansville, .
fith, Indiana Trust Co. is treasurer.| Am
RCA-Victor division, Radio Corp.| N
LIVESTOCK ON FARMS INCREASING }
418,591,000
To bring livestock into balance with feed supplies, 1944 goals call production of hogs and broilers and increased marketings of beef cattle while holding sheep numbers at present levels.
for decreased
SOURCE: U.S. DEPARTMENT Of AGRICULTURE »)
©
GRAPHIC BY PICKS. 0.
IN BRIEF—
W. U. EARNINGS UP—The Western Union Telegraph Co.'s net earnings for the first two months of 1944 were almost triple the year-ago period, President A. N. Williams reported today. Net income, including business acquired from Postal Telegraph, amounted to $1,075,926 in the two months ended Feb. 29 compared with $375,124 a year earlier, LJ s =
ANACONDA NETS LESS—Net income of Anaconda Copper Mining Co.. in 1943 dropped to $33,760,801 from $36,464030 in the preceding year, the company reported today, or $389 a share on capital stock, compared with $4.20 a share in 1942,
Dwight McCracken, director of the traffic and safety bureau of the Liberty Mutual Insurance Co. Boston, will address members of the fleet safety division of the Indianapolis Chamber of Commerce Safety council at a dinner meeting Thursday night at Hotel Lincoln, His subject will be “Good Driving
speaker in a panel discussion, with L. W. Hully of the Interna. Mr. McCracken tional Harvester Co. as panel chairman. Edward C. Lipp of the special maintenance division of the Indianapolis office of defense trans-
HOG PRICES UP 107020 CENTS
Top Rises to $14.10 in Brisk Trading at Local Yards.
Hog prices advanced 10 to 20 cents in active trading at the Indianapolis stockyards today, the war food administration reported. Weights under 160 pounds were unchanged from Saturday. The top was $14.10 for good to choice 200 to 210-pounders. Receipts included 10,800 hogs, 2350 cattle, 675 calves and 300 sheep.
GOOD TO CHOICE HOGS (10,800)
Linking Him With ‘Loan Racket.
‘WASHINGTON, April 10 (U. P). ~—Former Price Chief Leon Hender= son “declared last night that Rep. Harry Sheppard (D. Cal) had lied” he named Henderson as among those responsible for a na-tion-wide “small loan racket” Asserting that Sheppard would hear “more about this statement,” Henderson said the congressman was “probably stooging for one J. M. Jefferson, who has been a lobbyist for high rate loan companies.” ‘Sheppard charged in the congressional .record that Henderson and Rolf Nugent, former OPA credit policy director, both directors of the remedial loan division of the Russell Sage foundation, were among those “responsible for the racket.” He said the foundation was waging a “sham battle” under the act to correct usurious practices.
“Act Forbids It”
Recalling Sheppard’s question as to why he not, during his tenure as price chief, imposed ceilings on small loan rates, Henderson said: “The price control act specifically forbids such control and as a member of congress Mr. Sheppard should know that.” Henderson denied Sheppard's charges that he was part of an agreement to let a “Mr, King operate a chain of loan shark offices” or that he acted improperly in connection with a securities and exchange commission registration statement of a loan company in 1939 and 1941,
WAGON WHEAT
Up to the close of the Chicago market today, Indianapolis flour mills and $s elevators paid $1.63 per bushel for 1 red wheat (other on their merits). and a No. 3 red oats,
{ARGS DENIED] "BY HENDERSON
Says Sheppard “Lied” in
William H. Mooney, director of ‘Indianapolis Power & Light Co. and American National bank and president of the American Oak Leather Co. of Cincinnati, is chairman of a 32-man committee named by the National Associa‘tion of Manufacturers to examine administration of tax laws.
GRAIN TRADE WAITS U. S. CROP REPORT
CHICAGO, April 10 (U. P).— Grain futures turned narrowly irregular on the Board of Trade today. Oats and barley ruled firm, At 11 a. m. wheat was up Is to off 3% cent a bushed; oats unchanged to up %, and rye up % to off ls. Barley was quoted unchanged to up % cent. The trade showed little interest in wheat as they awaited the official government crop report scheduled for release this afternoon. Grainmen placed more than usual emphasis on today's report as they to learn of improvement in condition and potential yield of winter wheat.
Incorporations
The Columbia Conserve Co., Indianapolis; articles accepting yoyisions of gaseral Sorparaiion “ack ©. 4000
No. 3 white oats, T9¢; No. 3 yellow shelled corm, $1.08 per bushel. and No. 3 white Shelled corn, $1.24.
STATE CORN BORER
P.).~Indiana’s 1043 corn crop was
DAMAGE ‘WORST
LAFAYETTE, Ind. April 10 (U.
ravaged more heavily by the European corn borer than that of any other state in the nation, the U. 8. agricultural research administration told Purdue officials today,
ares of comm d 2000 a preet of “$100 on bi
The bereaved family has Harry W. Moore's complete assurance, backed by 16 years of continuous service in Indianapolis that moderate prices prevail Chapel. in the means of all, regardless of financial circumstances.
AARRYLNO00RE
at Here, services are
CHAPEL
2050 £. MICHIGAN ST. = CHERRY 6020 \
corn crop residues, delayed pla and the use of hybrids which. ue past have given good yields,
Mid-Continent Petroleum Corp. The total loss to Hoosler farmers and subsidiaries, 1943 net income, was estimated at $11,500,0000 by the | $6,566,618 or $353 a share vs. $6,112,~ federal agency, which warned that,|158 or $3.29 a share in 1042,
Ro
Peace with-
120-
eereseeranans $11.25@ 12.00 12.0013.
oe 13 18.05 | ve [email protected]
[email protected] [email protected] «+ [email protected] + [email protected] [email protected] [email protected]
12.00913.00
16.50
14.7% 18.75
portation and Cpl. Harry Bailey of | Good
the Indianapolis police department will take part in the discussion. = =» t J
M SHARES IN LOAN-—Indiana Na-
tional bank is one of 16 banks lending $10,000,000 to Affiliated Funds, Inc. an investment company. Terms are 21% interest, terminating $6,-
[258,000 on Jan. 1, 1949, and $3,741. | Good—
000 on Jan. 1, 1950. The money is to refund 4% debentures on May 1. » = ~
FORM COMMITTEES—Labor-
15.98
ee 14.75@1690
«ee [email protected] « [email protected]
pounds ......eees .. [email protected] cessrsansess [email protected]
management committees have been | Beef—
formed at Keith Radio Products at|g,;
Bedford and George Koch Sons, Inc., at Evansville,
LEAD IN SCRAP—WPB Region 6
ary in shipment of scrap from auto graveyards and 5715 jalopies were bought for salvaging of usablé parts.
800 LOINAS ..sivvsences IR 15.00 800-1000 POURAS .eecvencenen HSI ® Medium S00 pounds ..ciscesescee [email protected] Common 500- 900 Pounds .......cev0ne [email protected] Bulls (all weights) Good (all weights) . [email protected] Kratr revere sere vases 110061200 | Medium .......c.cvcenvnaans [email protected] | Cutter and common ........ $.50€10.00 Cows (all weights) GOOB .ovvsccernadrrrvetsracas 12.00@13. 50! [Medium ....... ..c.ciiveenanen 10 0012.00 | Cutter and ‘common Cernannns [email protected] | Canner ........ . 8.235@ 1.75
CALVES (673) Vealers (all weights)
Good to choice Common to medium Cull (70 lbs. up: 6.00@ 9.00
Feeder and Stocker Cattle and Calves
1
RAISE PAPER GOAL—The gov- Chol Steers 0 ernment today raised the monthly! soo. 800 pounds sreeore - 18 13.00 quota for the national waste paper) 800-1050 pounds L..lillli 33.00 scrap drive to 666,000 tons because| 500 800 Pounds ..ceseesesses [email protected] collections during the first quarter 50-1050 Pounds ..esvevssvves [email protected] fell below estimates, 500-1000 POUDAS seveesecences [email protected] ON == 500- 900 pounds ......... eee 8.00@ 9.35 Good and Choice— A . Y. Stocks |e cee non Net | '300- 900 pound 0.501175 . pounds ............ . { High | Allis-Chal ..... EE Lv. Clemens ne Calves (heifers) Am Can veeenan 8 "89 89 i Good and Choice— ! 0 7 17% 17% = unds and down ....... [email protected] An Rada 88 0 ‘on len Tae aun NIE Am Roli Mill ,. 13%, 131, 131, .... 500 pounds down ............ [email protected] T & 1573 157% 157% .... Am Water WwW .. T% Te TN ~— 3p SHEEP AND LAMBS (300) Armour Co .. 5% Sig - SY w= 1 66%, 082s 66% > Fy Ewes (shorn) Atl Refining 29%, 203, 20%, 4 3 |Good and choice ............ 3.00@ 5.00 Bald 19% 19% 19% .... |Common and medium........ 6.50@ 8.00 Bendix Awvn 362 36, Ey Lo. Beth Steel 58% 58' 38% — 4% i LAMBS Borden ........ 3 30% 31 4 | Medium and choice .......... [email protected] Borg-Warner 36% 36% @ — lp Medium and good........i... [email protected] Celanese ...... 35% 35's 35% — Common .........eiiieninens [email protected] hes & Ohio £% 451, 433%; 4 BF a runnn y 84a Bap ... Puree ae 140 14s =| Us S. STATEMENT Gen Electric... 36% 35% 353% — 13] WASHINGTON, April 10 (U. P.).—GoyGen Foods <2 42 42 — 1,! ernment .e& receipts for the Gen Motors 58% 58'a 58!f -— 15) current fiscal year A April 7, comGoodrich ...., la 48 46 — 1, | pared with a year ago: oGodyear ..... 3 42% 42% — 1, This Year Last Yea Greyhound Cp. 20% 20% 20%, 1, | Expenses ....$70,891,303926 $36. 0%, 34. 569 Ind Rayon 38% 38% 38% — 8g! War spending. 66,002, 434,249 540,289 Int Harvester . 713% 70%, 70% -- 1; Receipts ..... 32,408,766,765 » > 055,905 | Lockheed. Aire . 16's 163, 16%; — i, | Net Deficit .. 38482,615,511 41,561,875, 814 loaw's ........ 61'y 61% 61, .... |Cash balance. 15,190,501,879 3168 172, 387 | Johns-Man 90's 91 1 4+ 1 if Son ‘bal.. 14,427,698,560 2,403,549,905 Kennesott 313 3M 31% — Public debt ..186,896,084,099 120 233° 154,371 Marshall Fid 14% 14% 1435 — | Gold reserve. 21,530445200 22 540,860,477 Mont Nard 45% 44%, 451, + | ~Kelv ..... 12° 12 125% — 1 NAPO REE HR 0 Hh © cel mANAPOLIS CLEARING HOUSE Nat Distillers .. 331% 33's 335 ... |b DEBI trent ron aaa 17,381,000 Y Central 187% 18%, 189% 103 1 PEBUE Lounensusutensnivimhtr ay ay » Ohio Oil ...... 19% © 19% 18% — tof Packard oo 4% 4 aia + 2 BUSINESS AT A GLANCE, n Am Air S11, 30% 30% — Penney ........ 98, 098: 98'z ... By UNITED PRESS Penn RR ..... 293, 20% 20% ... "| Long-Bell Lumber Co. and le Phelps Dodss + 21% 2p 21; — 1 Procter & 543, 543, 54% + 1,|sidiaries, 1943 net profit, $2,028,301 Pullman ..... 14% 14a 14% — 3% vs, $3705.175 in 1942 Pure ofl ... ... Wh 11 —- Narag " Republic Sti .. 16% 16% 16%, — i, Midland Steel Products Co. and in Tol + 30% 30% 30% .... Schenley Dist. 5315 sa 30% u subsidiary, 1943 net profit, $1,670,507 Sears Rosbuek . 88% 2212 227 + %|0r-$3.40 a common share vs. $1,407,-y-Vacuum 12% 12%, 123 eal South Pac .... 20% 29% 295, + 1 584 or $2.28 a share in 1942, Std Brands ... 30% 30% 30% + 1, National Tunnel & Mines Co, : al .... 36% 36% 36% .... 8 BO nd. or ao J : 1943 net loss $366,797 vs. $632,479 in Std Ofl (NJ) . 53% 53% 83% — 3% 1042. Texas Co ...... 4% 41% 47% .... 20th Cent-Fox. 24% 24%p 24%; .... 2 U B Rubber ... 48%; 46% * 46a — Rectal Bitar BBE BR IR er Bros Ye p s+ 4 Westing EI 08 * 86 96 — 3. Get Relief New Easy Way oung S & W . 1 16 16 as b ; Zenith Rad ... 36% 36% 36% — % ~ Sit In Comfort GETS ARMY-NAVY ¥ Atwood Vacuum Machine Co, of Auburn, Ind, has won the armynayy “E” for excellence in the manufacture of war materials, it
eee 13.80€13.95 |
15.006 15.50 [email protected]
| |
|
i}
know,
now is the time to buy it.
is clean and smokeless,
There is no waste heat.
for a load of coke today.
Yes Sir! Coke is again available, and,
It's a cinch,
fuel will not be any more plentiful than it was this winter . . . if the supply will be as good... . so the wise householder heeds a note of warning and will stock up with that good Citizens Coke NOW. Citizens Coke, as you well
and
because it is smokeless it is economical:
If you want to
enjoy the steady heat of a coke fire
this coming winter, call your fuel dealer
HATS OFF TO YOUR FUEL DEALER
him and help yourself.
list, phone him today.
COKE
In spite of transportation and labor shortages, your fuel dealer did a ‘grand job in keeping you . warm this past winter. Now it's your turn fo help
Order coke NOW, so
the dealer can deliver it in an orderly fashion, without a rush . . . that'll help him. And you will be sure of coke for this coming winter . . . that'll help you. Get on your dealer's dobry