Indianapolis Times, Indianapolis, Marion County, 28 June 1944 — Page 8

-Uwen: -Ford Co: - Counting on Thermopane In Post-War Home Sales

By EDWARD A. EVANS Scripps-Howard Staff Writer TOLEDO, O.,, June 28.—They haven't yet developed glass panes that flex like rubber or that can't be broken, but they're making a lot of

progress here toward such goals. , The Libby-Owens-Ford Co. has a process for tempering plate glass by reheating and then suddenly cooling it, which works a startling change. Tempered glass remains as clear as before, but will bear three

to five times as heavy a weight or}

strain and withstand five to seven times as hard an impact. | angle of 20 degrees or more without | 8 PRINCIPLES

It can be twisted through an breaking. And when, t demon- | Outlines Program for An|

strate what the engineers cal] its “resistance to thermal shock,” & ‘Open Road to a Free America.’

sheet of tempered glass is placed on a cake of ice and then doused with molten lead—it doesn’t even crack. } If the automobile industry swings into a series of 6,000,000-car years after the war, as many observers predict, Libbey-Owens-Ford will. Eight principles to maintain an have an unprecedented market for “open road to a free America” were | its familiar automotive safety glass, adopted at the Indianapolis Rotary made by sandwiching a layer of club luncheon meeting at the Claytransparent plastic between sheets pool hotel yesterday. of plate glass. | Members of the committee aie {drafted the resolution were Ralp Metal Is Bonded to Glass S. Norwood, chairman; Horace E.| But the big post-war enthusiasm Apbott, Charlton N. Carter, William | at company centers around D. Hamerstadt, Roscoe C. Johnston, | «Thermopane.” a product which the Wg King and Edward Fi building industry used in INCTEAS™ mp. theme was based on a state-| ing volume before Pear] Harbor and ment by the late DeWitt S. Morgan, | for which tremendously expanded city schools superintendent and| demand is expected when peace reé- original chairman of the committee, | turns. who said “that there should be] hermopane consists of sheets of maintained in the United States a glass separated by insulating layers condition of society whereby there | of dry air. The idea is just that shail be an open road for merit of simple, but more than 14 years of whatever kind it may be.” research has gone into perfecting it. | ‘Venture Capital Needed’ The problem was to find a way of | 4, eight points outlined were: sealing the multiple panes around | .; mne hhocical means of protheir edges with something that 4. tion chould be left in the ownerwould never rust or decay and let ship and control of individuals. This moisture enter the air spaces be- | orriec with it individual respontween them. The solution is a Pal- gihility for losses and the right to ented method of bonding metal 0 retain for reinvestment or other use glass. such profits as may remain after Homes in nearly every stale NOW reasonable taxes, equitably imposed. have Thermopane windows, helping «2 A constant flow of new indito keep them warmer in winter and vidual enterprisers into business and cooler in summer. the professions is “essential and They block the passage of more should be encouraged. . than half the heat that enters or «3 A continuing accumulation of escapes through ordinary single- savings in the form of venture pane windows, capital must be assured to the exThey don't get frosted on the 'tent that competent management outside or fogged on the inside. deserves further confidence. They do away with the necessity. even in coldest climates, for putting up storm sash in the fall and taking it down in the spring.

this

Seeks Labor Responsibility | “4, Since the impact of sudden jand sametimes violent economic change cannot be wholly avoided, plans should be made to meet such { periods. With the greatest possible flexibility of prices and price structures, such adjustments can be| ica laboratory of his Antarctic ex- made as will avoid or minimize great! pedition, and reported that they fluctuations in production and emmaintained “almost perfect visibil- ployment. Courses open here are ity” even when the temperature in-| 1} Suppression by appropriate accide was 75 degrees above zero and tion of monopoly in business, labor

thermometers outside stood at 75 OF government. (2) Encouragement

Saves on Fuel

Rear Admiral Byrd used Thermopane windows for the Little Amer-

T0 BE IMPROVED

in Minnesota and ©f the early and wide use of newly

below. Homes . | other far-northern states have com- Patented commodities. (3) Main-| fortable, beautiful rooms whose tenance of competition, as the funwhole outer walls are picture damental control of the individual windows of double, dry-air-separated €PUerprise system, by rigid enforceglass. { ment of anti-trust laws. 4 CareNaturally, Thermopane costs | ful pre-planning for building and

financing public works, long in advance of the expenditure. “5. As a part of labor's right to organize and to bargain collectively, labor's share in the responsibility for maintaining a flexible price system must be recognized. Organized iabor, like organized business, should be made subject to anti-trust and public responsibility legislation,

more than ordinary window glass, but Libbey-Owens-Ford executives say it can save enough fuel bills in three or four years to pay for its installation in an average house. They believe it will be widely used in factories, stores, schools and public buildings. cold-storage plants and display cases for frozen foods. It can be made with three, four or even more air-separated panes, for Government a ‘Referee’ super-efficiency, as in the technical “6. Reserving to congress its conlaboratory cold chambers where it Stitutional right to fix the value of now helps in the testing of aviation money, the money supply should instruments, clothing, fuels. oils move freely and unhampered with and other war materials. * also the flow of commerce. serves many other military purposes, “7. Agricultural production should —in airplane traffic towers in Arc- not be subjected to limitations othtic. and tropical climates. as tank er than the natural regulation imobservation windows, to enclose the Posed by a flexible price economy. bridges of certain ships, and so on. The problem of farm surpluses should be met by government, agriculture and business with the obIt jectives of discovering, maintainpanes of tempered glass, where ex- IN8& and financing markets and ( methods of distribution at home and

Plexiglas Used in Bombers

will be available with outer

tra strength is wanted; or ) : ) abroad for the maximum of agriculopaque figured glass, where the tyra] abundance idea is to hide an unattractive “8. Government should be, and view: or of glass that blocks either should remain, an impartial and fair

ultra-violet or infra-red light rays. referee, rather than a partisan, in One variety will let sun heat into any activity affecting the national a house and prevent it from escap- economy.” ing at night. me : The company makes many other EVANSVILLE ON NEW AIRLINE products. Vitrolite panels of colored NEW YORK. June 28 (U, Pi — structural glass: frameless doors of Capt. Eddie Rickenbacker, presitempered glass {or buildings, stores dent of Eastern Air Lines, antheaters: plate glass in delicate col- nounced today that beginning July ors: fine mirror glass; curved glass.'1, the line will operate a daily The L-O-F Plaskon division works flight to St. Louis from New York.

with plastics of . numerous Kinds, carrying mail, cargo and passenone of its important present jobs gers. being the fabrication of plexiglas There will be stops at Baltimore,

nto bomber-plane

turrets

noses and gun Washington, Louisville and Evans-

ville, Ind.

— | FOUNDED 1913

The extra gun, the extra tank will save precious lives. Let's all back the attack with extra

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“freighter” when every inch of available space aboard was loaded with trucks, jeeps, troop carriers and land planes for delivery to a

Pacific naval air station. Photo above shows the jammed-up flight

deck. So crowded was ship that personnel had a tough time finding space to live in. Lower photo shows how sailors managed to sling their hammocks on the crowded deck.

A big U. S. aircraft carrier was recently transformed into a |

Trust Fund Indianapolis Banker Is Distributed.

A frust fund of $4,500,000 created by the will of Volney T. Malott, Indianapolis banker who died 23 years ago, has been distributed to heirs by Judge Dan V. White of probate The bulk of the trust fund was distributed to five daughters, Mrs. Mary Florence Morris, Mrs. Caroline Forey, Mrs. Katherine Brown, Mrs. Ella Evans and Mrs. Margaret White. Two of the trustees who administered the trust fund, Louis B. Ewbank and Thomas H. Kaylor, was allowed fees of $20,000 each for their services, Arthur V. Brown, the third trustee, declined to accept a fee. The trust fund included $1,254,195 in stocks; $1,268,713 in real estate; $1,765.66 in bonds; and $60,557 in cash. Among the stock holdings listed was 5424 shares of the Indiana National bank; 6601 shares of Indianapolis Gas Co.; 250 preferred shares of Indianapolis Power & Light Co., and 333 shares of Union Trust Co.

WHEAT PRICES FIRM

CHICAGO, June 28

the Board of Trade today. cent a bushel]; oats off 4 to up !s,

up 1% to up %. Flour demand continued as the trade expected the subsidy to be lowered on July 1. Some hedge selling checked the initial advance slightly.

LOCAL PRODUCE

Heavy breed hens, 20c. Leghorn hens, 17c

Broilers, fryers and roosters, Ibs., 29c. Leghorn springers, 26c Ol4 roosters, l4c. Eggs—Current receipts, 28c Grade small, 26c. No grade, 30c Butter— No. 1, 49¢; No. 2, 36c.

FACTORY DESIGN

China Indorses

WASHINGTON, June 28 P.).—Dr. H. Kung, delegate the

Industrial Plants Seen as Source of Pride to Community.

By JOHN W. LOVE Scripps-Howard Staff Writer

CLEVELAND, O. June 28.—The|

Secretary of State Hull.

In a statement to the Chinaof Commerce and Industry, Dr. Kung said that China earnestly desires the full | co-operation of the rest of the

America Council

factory of the future is going to be | world, especially of the United a source of community pride, not| States, in the development of just “the mill.” It's to have park-| trade and natural resources,

way approaches. Its automobile

Yet Dodge estimates the expendi-

U.S. Trade Idea

“based on terms that are mutu-

WASHINGTON, June 28 (U, P.),

(U. ‘ Chinese international monetary conference, today endorsed the principle of reciprocal | and multilateral trade as championed by President Roosevelt and

Created by Late wi

IN MIXED MARKET

(U.P. —| Wheat ruled firm, and other grains Mr PORES 4 er rretan moved irregularly by mid-session on Common—

under 5

ture in the same field in the first| .. pulpwood supply picture con= decade to follow the war will be tinyes grave in the northeast, $210,000,000 a year, actually a third [James L. Madden, deputy director

depression. No doubt a great part division, said today.

more than the average in the long of the war production board's paper |

| ally advantageous.” - space will be closer to the work- — 4 42 men's entrances. Its roof will be HH 4 a horizontal signboard, for the bene- N. Y Stocks ; fit of air travelers. Its designers ® . Hock will give thought to “night archi- Net Shkan tecture.” > High Low Last Change t1hbgrs | Am Can ...... 88% 88% 88% + a vB So say the H. K. Ferguson people. am Loco .... .. 18% 177s 18 _-ig p< strial eng p i s of Am Rad & S8 12% 117 11% — } industr 1] engineers and builders o Am Rel Sa: 13 11% 11% - % 2 , Cleveland. In a survey of future Am T & T ....1617, 161% 1617 # ’ 1 industrial design they also look for Am Bw Nia 1s na cer thzpas more attention to be given to the anaconda 27 26% 26% — i 34 personal facilities for the employees. Armour & Co. Su oa Sh os 2a8eca They expect the interiors will be atu Refining .. 30% 30's 30's — 3 chs “hospital clean.” with more atten- Bald Loco ct .. 20% 20 20% — 2 . hospital ci ! Aten Ind Loan 19's 19% 19% + tion to dust collection and air con-|Beth Su 7 pf 12112 121 121 —_ J14+ ditioning. Scrap will be hauled | Borden ETRE 33% Lit 33% eel Kise; away underground. They don't 100K Caterpillar T . 52 = 52 59 + a Pl | Er for many windowless plants to be Ches & Ohio .. 46'c 46 ~~ 46% — ‘a 2 a ) cork Childs 3's 3's 3a + Ys ’ built—they say these give Wwork- curtiss-wr ... Se 5a 5% .... « e shut-in fe . Douglas Airc . 51%2 51% 51% — !2 men a shut-in feeling Du Rant re - a 1 aE Toa : . iv i en Cigar pf 146'2 146'2 146%3 .... Extensive Remodeling Planned | Gen Electric 38 Ie 33 — % 52s Y 3 Vibration will be damped by rub- | Gen sree 13 the 18w © al % “ie " : : _ Greyhound Cp 22' 22 22's — Ya ¢ ber “isolators.” Even the machinery | goo, "a =P 1051 105% 108% -.... ql ir i Ind Rayon .42'z 41'3 41g —~— 13 will be painted. The heating plant iy Horvonter. . To 3 wn: —1 will consu its own smoke. Johns-Man .... 98!'3 98 23 errs / 1ll consume its ov n Sn } | Kennecott ... . 327% 32% 32% — ve ¢ Th mn Most of these industrial glories Kroger G & B 534 38% 333 ..... : i [ | AO ass . Ode — n dq A A can be achieved, no doubt, bv re-|Lockhd Aircr . 15% 153% 15% + Ye frit 3 { modeling the new and some of the | Martin (Glenn) 33a 15% 13% Ly » my old factories we shall have on our | Nat Biscuit ... 22% 22% 33% + Ya F oye | stillers . 35% 5 — hands after the war. i Nt Disulers . 35% 35a Be i We shall come out of the war oliver Farm Eq 57% 56'a 563% — [« y , | Packard ... 6 57% 57s — a! A with a vast amount of factory space pail gd, aif ah 0 be ie ‘Ith som . = | Penney ...... 02 02 1 ; 3 | ” ures as high as 25 billion dollars | Bhan RE ace Sia 3% 3% wh . have been given as the govern-|procter & G-.. 57% 57'a 51% ey i - 'e inv i - | Pullman 48°s 41s 41a — Ta ment’'s investment in them, but Sec are. oil ll 7 es WY TT ; retary of Commerce Jones recently |Repub Stl ..... 19% 19 19% — 4% a said 8 billion dollars would be |Reyn Tor Pat 3 its, 33% — 2 ¢ close to the value of plants which |gervel Inc ..... 21% 21% 21% — Ya y could be converted for peace time {Soc-Vacuum 4 4 4 chee 12 || { Pac ....31%z 31% 31% — % ’ |employment. Std Brands. 30%. 30% 30% + ve | Now $8,000,000,000 worth is a lot Std O Cal . 37% E, 33% -— Ya <] of factories. According to figures-Std Ot Indi 33 Od Ae =v . recently made public by the F. W./iexas Co .... 48 $75 i 3 «2 Dodge Corp. the average annual in- 2/8 C-Fox ..- 28 = 334 ie = 3 < vestment in construction for manu- U 8 Steel 37 37 31% , h “3 facturing in 37 eastern states was warner Bros -- foie (g's G0 Ta $0 : $279.000,000,000 over the last 20 York Corp ... 11% % 1% + > < i OR TE ’ Zenith Raaio .. 42 . by — ’ peacetime years. We would seem > eel Sow 258¢ to be fitted out with new factories for maybe 20 years to come. PULPWOOD SUPPLY Small Concerns Will Be Tenants PICTURE IS GRAVE 3 ] ;

of it will be in remodeling. Country-wide domestic pulp wood Some of these big plants will be receipts for May were 31 per cent tenanted by numbers of concerns greater than a year ago, but fell smaller than the original occupants, short of needs for the period, he according to industrial develop- reported. ment engineers. Many concerns Including Canadian imports of have found it more economical to 68,000 cords, overall receipts for. the house themselves in sections of month totaled 1,284,000 cords, a 27

own buildings. la low production period. Who is finally to own these $8,-

000,000,000 worth of new factories? | If private capital cannot be raised easily, then the investment will remain mostly public capital. If the

INDIANAPOLIS CLEARING HOUSE Clearings | Debits

‘be used to buy the plants and to $3.90 a share on class A stock cancel an equivalent amount of $3,979,535 or $2.06 4 common 8 public debt. lin 1042. - 5

large plants than to put up their per cent gain over May last year,

5,020, isin TI Sms

Hearst Consolidated Publications, capital can be raised, then it will Inc. 1943 net income $7,532714 or| ° vs.

At 11 a. m. wheat was up '% to *: Good

¢ 7

7 (J

ji: %

Wo! ve} ALIA] oo 4]

rye unchanged to off 3%, and barley canner ....

large, 34c; grade A medium, 32c; grade 41300 1080 pounds

50c. Butterfat — No. 1 300- 300 pounds -1050 pounds

Public Service Company,

11.50@ 12.75 {preferred stock of $100 par

[email protected] | dianapolis, merged into Northern Indiana | red wheat (other 500,000 shares | No. 3 white oats, value and |[79¢. No. 3 yellow shelied er irsene hin [email protected] {2,500,000 shares common no par value

BL | MoCi000 Pounds +uvesreeresss 10.00@1150 500- 900 Pounds ............. [email protected] 3a Calves (steers) ' ministration 3% pounds OWRD euveennsee. [email protected] Outlook for Oats Is - were 500 pounds down .......... . [email protected] : also 1200 cattle, 600 calves| =~ * © Caives ‘(heifers ; Varied. and 425 sheep. pounds down vere 12T5@ILTS : a yr ® Sgii Favo! weather in the past LS Cie week helped Indi farm work and 160 1235 ern) 430@ g30|the growth of crops, the Indians dso. is secseennes 3.008 450 gpolis weather bureau reported toe 220. tevereeeerees 13.80 G0Od £0 CHOME® ..veveresenses 13 s0| 487. : 240 csssdssessses ha {ood to mediim ..ooereneess 10.90 1313 “The ground in the southern 300- « 10.98 Medi assis sian ensinnssnrsane SOQ counties is in the 330- [email protected] SPRING ; - genefally dry, ™ Good to choice .. [email protected] | central counties dry to moist, and 00 [email protected]| Comm ea 9 Sys in the northern counties dry to Medium good .e . . —————————————————— wet,” “the bureau's weekly crop . [email protected] bulletin said ital LOCAL ISSUES |"“Gonations were favorable for [email protected]| Nominal quotations furnished by Indian. | farmwork and excellent progress polis sesuitties desiars, a was made. Considerable amounts . [email protected] Asked 10.40@ 10.55 | Agents Fin weserses 1% .....|0f clover, alfalfa and other hay Agents Fin pid n ..... Medium. [email protected] | “Belt R Stk Yds com *% 36% 40 | Crops were cut and saved. Wheat po thr . R Stk Yds pid 5 «.... cutting advanced rapidly in southe Medium and Good— np . ervifi 4%% pid. 60 ...‘|ern and central counties and some 90- 120 pounds .. [email protected] Circle (Theater com. 46 | combining was done in the southomw. . CholeeZ CATE 0) Delta Elec 2 3% va Maw hw ga portion; Some Ryu. indivate ook Drug Co com : vss 16 18 eads only y well filled, but for 00- 900 POUNAS .....-econuns [email protected] | some T&T Pt Wayne 7% pid 51% ..... i 1100-1300 pounds .. le15@1728 Ind & Mich Bice 1% pra HO the most | part the crop is in very . . . § n $80 Te shawn e 0 ood 1300-1500 pounds . 16.75@1735 | 1g Hydro Elec 71% pid ...... 98 98 |° on on. 50 300 potas 1475016. | naple pa 1 pid LL 11110 ow did Potatoes Need Rain 1100-1300 DoURdS +sssnsesss.. [email protected] ok a jon 1%! «Oats are mostly headed; the crop 300-1600 POUNAS «.vveeveseees [email protected] orndnis Water pid ...... “108 .. ’..| varies decidedly in condition, range Medium— Indpis Water Class A eom.... 17% 19 700-1100 pounds ...... ceneees [email protected] | 5o ing from poor to very good. Corn 2 Jeff Nat Lite com soni. on 33 17 1100-1300 pounds .....ccspeses 12.50@15. % | *Lincoln Loan Co $'%% pfd.. 95'% 100 made good progress and some of the Common— Lincoln Nat Life Ins com.... 39 43 » 700-1100 pounds Gist sitar cee [email protected] PR Mallory 4%% ........... 28% 30 |earliest is two feet high; the crop Heifers 4 allory com tarnvarans O98 2h | Cholce— . N Ind Pub Berv 5%% ....... 102 ' I. is. wel) cultivated, only. a few flelds 600- 800 POUNAS ...e.ceeeees. 18 B18 N Ind Pub Serv 8 pd. ..... 105% being reported weedy. One of the 800-1100 POUNAS ..eveeaesss.. 16.00@18. n Tv T% inane 113'z 115 |western counties reported chinch Good Pub Serv Ind 5% ...... 1051; 108% 600- 800 POUNAS ..vevenes e+e [email protected] | Pub Serv of Ind com 9 19% '19" bug infestation. As a whole, the - veresessensse 14.250016.00 | Progress undry com . 15 17 800-1000 pounds ny So tna 0 aE A oS crop is in very good to excellent . [email protected] | *Stokely Bros pr pf.. . 18 17% condition. 500- 900 pounds ............. RIL Pe es % 8 “The sowing of soybeans cone Cows (a weights? BONDS tinues, This crop is doing well, Good o.oo 11.8612.13 Algers Wine'w RR Ga cese-100 io” Field knsintoss are fair = good; Medium .. ........ all. merican Loan 5s 51 ....... “9 00 some collar rot is reported. Po{Cutter and common ... 6.75@ 9.50 | Ameri 8 oi... ci Lg Sommn Ll 8308 678) Ch ¢ “Com” x Co 4 “5 '% |tatoes also are reported fair to good Bulls (all weigh ens e s6l...... 106 and needing rain in many locali- ! Consol Pin pris senenes 9% 100 | 2 Good (all weights) ........ [email protected] {Ind Asso Tel Co 3%s 70 .....108 .... | ties. : Sausage— Indpls P & L 3%s 70 ......108% 108% “Garden truck, meadows and pase GOO .onoerrrrnnnanns [email protected] Indpls Railway Co 5s 67 ..... bh £1 80 Madam ttt sod 9.18 | Indpls Water Co 3%s 68 ..... 107% 109 |tures are suffering somewhat in the | Cutter and common ........ 6.28@ 8.50 Kokomo Fly iy Pa 19% 100 |dry areas, good to excellent elseCALVES (660) Muncie Water Works 5s 06 ...105 where. Sweet potatoes and melons lund 10 coma a0 wer, a1550 N Ind Tel due 88 3 91 are doing well. A few southern | Common to medium............ 8.504214.50 | Pub Serv of Ind 3%s 73 ......105 _ 106% counties report a big peach crop.” Culls REA 6.0062 8.00! Pub Tel 4'3s 85 . . .100 103 Feeder and Stocker Cattle and Calves | Tichmond Water Wis Ss 87...108 WAGON WHEAT Steers U 8 Machine Corp 5s 53 9 102 Up to the close of the Chicago marked | Cholce— ———————————— today, Indianapolis flour mills and grains A| 500- 800 pounds ........ s+++. [email protected] | Indiana Hydro-Electric Power Co. In-! elevators paid $1.51 per bushel for No. 1

ied on thelr merits), 9c, and No. J red oats, corn, $ bushel and No. 3 white shelled

. $1.08 pes corn, $1.34.

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