Indianapolis Times, Indianapolis, Marion County, 11 May 1944 — Page 22

——By ROGER BUDROW THE BUSINESS PAGES OF GERMAN NEWSPAPERS aren’t what they used to be; they are changing

their tune. In the days when the Wehrmacht was overrunning Europe with little opposition, the business press was filled with long and exultant articles telling how Germany planned to dominate Europe economically by making satellites out of

German Business Writers Aren't Saying Much About Their New Economic Order Now

9 , = starnic ot Met.2, 0.7.4

RINEHART HEADS ~~ |Housing Sought

CHICAGO, May 11 (U. P.).—An

BANKING CHAPTER) cocico ut x)

Lloyd Rinehart of the Merchants tional housing authority to residents

of New York and London. When | the Ukraine was | in their Au with its rich de-| posits of iron o coal and . Stockyards. to their age-old lack of foodstuffs | A virtual embargo was placed on and raw mate- | hogs at the Indianapolis stockyards rials and conse-| [today by the hog committee. of the quent dependence joint marketing improvement comon imports, {mittee which warned farmers that 12500 hogs unsold ase they woul ese stores last night. Sane rr Gorman sol-| It was estimated that packers’ ders. The Austrian railroads ac- and shippers would buy 8500 of] tually have been incorporated in Se bug ov tothe German n system and there were | {morrow, in addition to the 7000 the “New Order,” but inasmuch as {as yesterday's. Receipts also includthey have gone by ne board, with led "800 cattle, 600 calves and 100 the turn in the tides of war, they sheep. } are not worth going into detail Actually, the financial press in Germany scarcely mentions the “New

GOOD TO CHOICE HOGS (7000)

120- 140 pounds [email protected] 40- 160 pounds ......e.eve00

la meeting at the Lincoln hotel last |

ood leaving | ana

National bank was elected president | ¢ 14 porte, Ind., to help accomma-

of the Indianapolis chapter of the date an expected influx of war work-

American Institute of Banking at jers hg the Kingsbury ordnance plan Dormitories at night. {will be reopened for unmarried Miss Justine Simms of the Indi-|women workers as temporary housTrust .Co. was elected vice ling, William K. Divers, regional president, George A. Miller of the NHA representative, said. He asked, American National bank, secretary, however, that residents take in and Paul L. Boardman of Fletcher workers as boarders. Trust Co., treasurer. Divers estimated that 1000 housDr. M. O. Ross, president of But- ing units had been moved from the ler university, addressed the group Kingsford Heights community and on “The Value of Education In| that an additional 1400 would be Times Such.as These.” This ad- transferred in the near future to dress climaxed a series of eight other war centers. He added that monthly meetings led by Dr. Ross|325 of the 550 remaining homes for the Indianapolis chapter forum ‘were occupied.

Walkerton, Ind.

Near Kingsbury

To Other Crops Slowed By Weather.

WASHINGTON, May 11’ (U. PJ. —The 1044 winter wheat harvest will be one of the biggest in recent years but the agriculture department anticipates that for most

other important crops, the battle during the next few weeks will be the “toughest the farmers if this country have ever fought.” The report noted that it was still hard to determine just what crops would be planted by farmers in most interior sections of the country since “in the heart of the corn belt wild ducks are still paddling round in many fields where corn planters should be running.” Although rains have seriously delayed spring fleld work, they have boosted the winter wheat outlook 135,000,000 bushels over last fall's prospects. ‘The department now forecasts production of more than 662,000,000 bushels. A crop of this size, although smaller than in 1941 and 1942, would be one-fourth larger than in 1943 and would surpass the 1933-42 average by 16 per cent.

Switch From Oafs

The department reported that on May 1 principal spring wheat states had made “excellent progress” in seeding operations intended to expand spring acreage by 15 per cent. Instead of an eight per cent increase in oat acreage planned by farmers, prospects now are for a

smaller crop than in 1943 with the likelihood of reduced yields. The report said that some farmers who expected to grow oats plan to switch

the occupied nations They planned to use the reichsmark instead of gold, make Berlin, the world financial center instead | AN "Holdover Supply to Be Sold ganese, water- . power, grain and| Before New Arrivals at other foodstuffs, | they saw an end It was planned to take over the 'hogs brought to market today may wholesale ‘houses of Poland, leaving not be placed on sale until some only retail business for the Poles, time next.week. unless they were Jews, in which| There were plans afoot to. channel shipping noe | hogs which arrived at the stockGeren, ng at ie 8Xpense yards this morning, despite the OSers warning they cannot be sold today. There were many other plans for Prices were generally the same Order” anymore. Now, the economic writers have given up such dreams and are concerned with post-war problems.

They even mention, despite rigid| 300- 330 pounds .....

censorship, the stubborn Balkan

Medium nations which have refused to ex-| jg. 20 pounds

change their goods for German credit or promises to deliver after; the war. They are talking about preventing post-war inflation, goaded by the memory of the!

debacle that followed their defeat |

in the last war. One prominent German economist even came out with the cheerful prediction that, assuming the “enemy” could not possibly destroy more than one-third of their national wealth (this was before the big air raids) it shouldn't take more than three to five years for the reconstruction. It will be something to see how they squirm in telling their public, some day in the future, about how Germany has been forced to relinquish the booty it has stolen, the hundreds of companies in occupied nations which have, by phony “legal” means, been taken over for the glory of Greater Germany. And what a story it will be, if Marshal Stalin demands it, when the German writers report that many Germans have “accepted employment” in the rebuilding of devastated Russia. 2 s o A RETURN of meat rationing is forecast by the war food administration.

Cattle and hogs which normally ol

would be marketed later are coming in now, chiefly because of the feed shortage, That means less meat] this fall and winter.

It can't be stored because warehouses are jammed; can't be

shipped to our allies because ships, 1S i 0 pounds tied up in invasion convoys, aren't soo- 1050 pounds

available. The only solution is to] ease rationing and eat it now. Note: The Indianapolis stockyards, swamped with hogs, put te first-come, first-sold order in effect | today. It is a semi-embargo, but | % most other Midwest stockyards have |; had to enforce full embargoes, | something the local yards have avoided successfully thus far. Hogs arriving today can't be sol til those held over from yester-| day, Tuesday and Monday are Cleared out. z zg =n ODDS AND ENDS: Two con-| cerns in this area (not Indianapo lis) are seeking part of WPB's | quota for manufacturing electric irons . . . Spinach is being deh; drated now . . . What is probably the nation's smallest airport, 200x!|

J 180 pounds ... 180- 200 pounds ... 200- 220 pounds 220- 240 pounds 240- 270 pounds 270- 300 pounds

. 13.80 . 13.80 «es 13.80 rae 12.00

“oe

rey

300- 360 pounds .....

Packing Sows

Good to Cholce— 270- 300 pounds 300- 330 pounds 330- 360 pounds ... 360- 400 pounds

Good— 400- 450 pounds ...ieeeeneees [email protected] 450- 500 pounds ..eciececocns [email protected] Medium

Nao 450 pounds Slaughter Rigs Medium and Good— 80- 120 pounds ca. “ CATTLE (800)

Steers

%[email protected]

Cholce—

Good— 700- 900 pounds .. 900-1100 pounds .. 1100-1300 pounds .. . 1300-1500 pounds s.eececee Medium— 700-1100 pounds 1100-1300 pounds Common-— 700-1110 pounds

[email protected]

crsesesaanans

Cutter and common. . Cows (all weights)

. . 675@ 8.25 CALY ES (600) Vealers (all welghts)

300 feet, has been built by a De-|

troit helicopter designer .. . Brazil's project to

nearing completion . . . James F.

Carroll, president of Indiana Bell

Telephone Co. this week's Saturday Evening Post,

in an advertisement showing how Bell's top executives have come up| from the ranks; Mr. Carroll's first

Job was in Syracuse, N. Y., in 1906 es a $12-a- -Week traffic student .

— mi

—

Property vv @ single Insurance policy

thet protects you from three common hazords:

BURGLARY » THEFT FIRE

irrigate 260,000 square miles of drought area is

has his picture in|

# | bushels.

[email protected] ..o 12.85@ 13.25 | BTOUD. . [email protected]

11.75 [email protected] [email protected] [email protected] [email protected]

« [email protected] [email protected]

[email protected] IT. Rasmussen Jr. of the Indiana

700- 900 pounds ...........00 [email protected]} 800-1100 OURGS «+ snes reenes 16.00 16.25 | nors elected at the meeting were 1100-1300 pounds ..eeeesesccee 16.00@16 50 | American Na-1300-1500 pounds ..eceeseecces 16.00016.50 | H. M. Templeton,

«ee 15.00@16 0 {National bank; Ewing Cox, Fidelity es 15.00@16 00 | Trust Co.; «es [email protected] tate bank; C. A. Hollingsworth, [email protected] | Bankers Trust Co.; J. Kurt Mahrdt, [email protected] | rndiana National bank; Urban J. [email protected]| Renner,

Chie Heifers W. Polen, Peoples State bank, now 800-1100 POUNAS .....cvenrers 15001575 | With U.S. army, and Thomas M. Soe) 800 pounds .....ecc00... 15.00@15 75 Hendricks, Security Trust Co. OQ 600- 800 POUNAS «ev rversens 140021500] Other members of the board are 200 3000 pounds ...ecesecenee [email protected] | Paul E. Jones, Indiana Trust Co.; edium-—— 500- 900 POUNAS +.evverernnn [email protected]; Willlam C. Grauel, Merchants NaCommon— tional bank; Leland Crawford 500- 800 pounds ............. 10.009 12.00 ’ ’ P Bulls (all welghts) Fletcher Trust Co.; Frank E.

Beef— ) Cramer, American National bank; eights) ......e. 15@12. 3 A ; sae weights) 1.788125 Hugh V. Brady, Security Trust Co., [7 Te 11 [email protected] fang Roy T. Dilley, Fletcher Trust Medium cieve [email protected]

8.25@ 9.75

13.25 11.75 [email protected]

Divers also announced that the} Thomas M. Hendricks of the Security Trust Co., retiring presi- |

Indianapolis bank employees were ployee transportation problems.

to soybeans, corn or sorgums which

NHA would move 15 dormitories to| can be planted in May or June. In the reservation from Knox and|the South there may be some shift- | | pany dent, announced that about 250 | Walkerton, Ind, to eliminate em- | ing from cotton, corn and tobacco monopoly by nearly all domestic

| to peanuts, the department said.

Next Few Weeks Hold Key

international aviation is beginning top

draft either a arrived at, the major issues to be decided are 1. How far the 8. should go in agreements .with other nations lon granting rights to fly across

this country and make technical stops, and whether such agreements should be multilateral or bilateral. - 2. Whether the U. 8. is to be represented by a “community” company, in which many airlines would participate (the Juan Trippe idea) or whether numerous U. 8. airlines’ would be given franchises to operate independently on different routes to all parts of the world. Hold Trumps

On the first point, some members said the senate committee may be inclined to yield less to other nations than might be favored by Assistant Secretary of State Berle, who recently was if on for exploratory talks with the British on post-war aviation. In Hawall and Alaska, some committee members feel, the U. 8. holds trump cards in the swapping game ahead among the major world powers. The British are understood to favor strongly a general international agreement granting rights to fly over the territory of other nations and make technical stops, but some senate committee members are insistent that there be strict safeguards imposed and that this country make separate pédcts with countries with which it chooses to deal, rather than to open {ts territories to the whole ' world.

{for Mr. Trippe's community comidea, which is opposed as

U. S. airlines. But the committee |

serving in the armed forces. He also announced that Justine M. Simms had been appointed to the national women's committee of the institute. A standard certificate was awarded to Roy T. Dilley of Fletcher Trust Co., and pre-standard cer|tificates were awarded to William

{Trust Co., Reed Thompson and | Harold Morgan of the Fletcher Trust Co. Members of the board of gover-

| tional bank; John Fletcher, Indiana

Edgar Mock, Oaklandon

Union Trust Co.; Francis

| Co. &

N. Y. Stocks

High Low Last Core

Am Loco ....... 187% 16a 167% a Good to choice .......evueunn [email protected] ) ? {Common to medium........ .. 10 oo@1s00| am Rad £86 a Gh gh — Le (COMMON... ie cnn 9.00011.25 20 pO 10 (ae 18750 Ton ooo dd Ye Feeder and Stocker Cattle and Calves Am Tob B.... 63 62 63 + Steers Am Water W.. 17 7 17 + 4% — | Anaconda . 25% 251% 26% — % cretaspesairen 12 [email protected] Armour & Co.. 51g 54% 5% — WY [email protected] | Atchison ..... 647a 64lp 64la — Vi n 1 1 14 Good 500 POUDAS .vvveeeeeness [email protected] | Bald toni Sst Taat Jou ane © 0. 164 pounds ..ees. esesane [email protected] | Bendix Avn .. 383, 35% 35%, + 1a m— Beth Steel .... 58'2 58% 58% + Yi Soo -1000 ) pounds ........ eeees 10.00011.00 | Borden 30% 307 30% + '% 00-7360 pounds [email protected] | BOTE-Warner .. 371s 37% 37% + eee . . elanse AN ood and Chor (steers) Ches & Ohio’. 44% Un dn — 4 Chrysler ...... 85's 85% 85% + Y% 2 pounds dOWD siesiienaans [email protected] | <r iiss-wr 8% 5% 5Y a , Douglas Aire . 48!'2 48% 48'2 — 300 pounds down. iheitersy 0091300 ny pone 144 143% 143%; — 1 Good and Choice— {Gen Electric .. 357s 35% 357 + W% 500 poun WO vevnnrnnnnes |Gen oFods .... 41'2 41'a 41'2 .... ia Mediimands down [email protected] Gen Motors ... 587s 58% 583% 500 pounds down .......... [email protected] | Goodyear... 447s 443 MTa + Yh d| Greyhound Cp. 20'2 20% - 20% .... SHEEP AND LAMBS (100) Ind Rayon . 38 38 38 ees Good and choo (shorn) 00@ 8 ol Int Harvester. 72'3 71% "72% see Teens 7 | Kennecott .... 31 30! 30's — Y ; Common and mado TERE 6.009 700 |L-O-F Glass .. 50 49% 50 + 1 hole | Lockheed Alrc. 157 15% 15% .... Mod um and. good cern 5 FEN 79 | Loew 8 C613, 61% 61% + Y COMMON vverernnens iin loto@itoo| Marshall Feld 14 © 13% 14... S4fecronnnses Mont Ward ... 43'3 43 43% — % Nash. Kelv .... 12% 12% 12% .... Nat Biscuit ... 20%: 20% 20% — 3; [Nat Distillers . 323% 32% 32% — & 5 Y Central ... 17% 17% 17% <+ |onto oil 18, 18% 18% + Yi ol { Packard coe 4 3% 4 Cees |Pan Am Alr... 30% 30% 30% + % | Penney cee 091 99Vy 99Y — 3 Penn Soo... 20% 20% 20% 4+ Y% Phelps © R ode L 21% 21% 21%... . CHICAGO, May 11 (U. P.).—! Procter & G.. 53% 53% 83% — % Wheat futures ruled steady to easy [Bullman ee Bn rh Bn + u {and other grains firm on the Board | Repusie si” 16 16la 18Y 4 1 eyn ob .. 20° 29! 29° of Trade today. The sharp upturngepentey Dist .. 5135 5114 Bs |in the official winter wheat estimate | Seats Roepucie + 90's 83% 90 | Socony- 2! ; | published late yesterday gave &|soutn Pac... 2s. 28° 8° Lk bearish tone on the opening. 5g Brands ..- 3% WA 24 cee J ‘a de At 11 a. m. wheat was anenansed Std ol ind, . 337, 33% 337 + td Oil N J .. 563, 56% 56% — {to off 3% cent a bushel, oats Up sma co ol 481s 48%, den and rye up % to 7 20th Cent-Fox.. 23 22% 23° 4 i T 1 p 3 Wheat prices dropped following [yi § preel \... sip oa 84 + ’| the marked production estimate in-|Warner Bros .. 12V 12%, 12% .... . crease from 60,000,000 to 662,000,000 | Youns saw | jen det Gos = ha Tease A , 0 x s Young B&W .. 167% 16%. 167% — 13

Talks Tonight

U. S. STATEMENT

WASHINGTON, May 11 (U. P.).—Government expenses and receipts for the current fiscal year through May 9, compared with a year a bY ear Xast S Yonr ..879 526,619, 539 $64,669,749,588 74,147.506,534 - 59 081 inves 36,010,216,879 16,809,177,819 Net deficit . 43 516,366,010 47,767,107 8 Cash balance. 4

057, 76 Work. balance, Io. 295,136,117 14, 164,223,1 ; Public debt .187,312,318.504 138, 966,716 Gold reserve. on 374,361,033 22,453,767,470

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THE FRESHER...

r of U. S. Policy in - World Aviation Emerging

BY CHARLES ¥. LUCEY Seripps-Howard Stall

Writer

WASHINGTON, May 11.—A pattern of U. 8. policy in post-war

to emerge from months of private

hearings by a senate commerce subcommittee in which the country’s airline men have been battling for position, According to members of the subcommittee, which is expected to 3 Tepor of its findings or legislatiop embodying decisions two , U. with

still is to hear the big guns of the opposition—Capt. Eddie Rickenbacker, president of Eastern Airlines, who- will testify tomorrow; ‘Jack Frye, presitient of Transcontinental & Western Alf and others. Senator Brewster (R. Me.), who reportedly differed sharply with Mr. Berle at several points in his

testimony, said today that most}

committee witnesses agree that 75 per cent of post-war air traffic probably will originate ing this country, and that it is considered only equitable that American airlines’ place in international aviaSion be commensurate with this act. The question of cabotage—the practice of allowing planes of one nation to do commercial business in foreign nations—within the British empire is one of considerable interest to the senators studying the aviation picture. Are U. S planes, for example, to be allowed

to take on and discharge business!

between such points as Cairo and Bombay? Another question being raised persistently by Senator Brewster and others concerns the possibility of the now-enemy nations, even though barred from post-war international aviation, acting through satellite countries. . The threat of

Japan flying commercially into the

Hawaiian islands, either on its own or through a puppet nation, is being cited. The behind-the-scenes battle for

| position among airlines hasn't been

‘confined to the senate subcommit-|

Roof to Be Hecoptar Airfield.

NEW YORK, May 11 (U. P)—A leading realty and construction

erect 2a mammoth 12-story induse blocks in the lower Manhattan come

the recent appeal of the Port of

quarters to attact a large volume of new industry and commerce to this area. The project, which will be started as soon as the war ends and will cost about $10,000,000, will contain approximately 2,500,000 square feet and will be located on a plot of 180,« 000 square feet, recently from the New York Central railroad by the Tishman Realty & Construce tion Co., Inc. An outstanding feature will be the utilization of the huge flat-topped | roof space as a helicopter airfield to | be linked . with the municipal aire { ports, The structure will contain its own power generating plant and will be

in the city.

MASTER PLUMBERS TO HOLD CONVENTION

Problems of the plumbing indus try will be discussed at a two-day | convention of the Indiana Associae

{tion of Master Plumbers at the ° |tee. Probably most of the 96 sen. Lincoln hotel May 16 and 17. On the second point, there is! |ators have been sounded out on! considerable committee sentiment | their position, and some opponents [tion include A. C. Sandberg, Lafae

Officers of the Indiana associae

of the single company idea say that vette, president; Harry Hattersley, even if the committee favored such Ft. Wayne, vice president, and C.O, a course, they believe the senate as Mertz, Lafayette, secretary-treas.

a whole would not accept it.

| urer.

company today announced plans to - trial building covering four square mercial district with a roof designed airfield. !

New York authority for suitdble

at 8:30. . . . Monday, May 22,

Seven “Manage

one of the largest individual units’

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the current sw May 16, they 18-game home St. Paul will £ series.

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order: St. Paul, Double-headers a and with Milwaul

There will be

on Saturday after « + « The Saturds

* Sunday twin Th

BARNEY (M

over the reins o

. Only the 1

season, remains

Harry Leibol

‘Best Players

A BOY at 1

n't. . . . So say

*Pitcher Bob

“BY the tir gant. He can | basic signs of | well forget abot “I know of didn't play the Bob, in the st He was a spec ever known. Ex " WID MAT yn scout, Is ¢ Matty used to

Vince Di

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