Indianapolis Times, Indianapolis, Marion County, 13 July 1944 — Page 25
=By Jutisms
HEY'LL TAKE M AND THEN “IGURE 1 ELL GET
wou ||
CFE
TA RANGE! -
PAcE i ie
.tofore the banks’ territory,
k THURSDAY, JULY 13
BUSINES
small Loan Companies Complain Banks
Are Making
.
small loan companies in this
combatants but it has its funny aspects at times.
The loan companies, whic
money these days than they know what to do with, are trying to get into the business of lending to busifiess firms, here-|
1000 PORKERS
To do so, they must get an O, K from the Indiana department of financial institutions, which holds hearings on the pro and con of the situation. Some shall loan companies are protesting that these hearings are costing them too much money, The cost
By ROGER BUDROW “THE RUNNING FEUD BETWEEN THE BANKS and|
is in a transcript which is made of the entire hearing.
These hearings are held in the
‘decision., Only one from the -de-
‘companies, the bankers talk too
fown where the license to do business is sought. Complete stenographic notes are taken so the matter can be studied over by others in the department of finan¢ial institution who help make the
partmént gttends and conducts these hearings. Where does the cost come in? Well, according to the small loan
E
money. One
recently cost $600.
The rub is that the small loan
council is giving “S” pennants.
companies, being the applicants,
haye to foot the bill. So the longer| 3%-
the bankers protest, the more the small loan companies have to pay. = ® . HENRY KAISER has an answer «from history itself—for those who can't see how this country can ever
“But what will those millions of people use for money?” he is usually asked. “That is an inquiry which is sup-
posed to stop all conversation and| $00
put an end to hope” Mr. Kaiser observes. history. England emerged from the
into the ‘risk business’ on the grand scale. We must venture far and we, must: be unafraid.”
TOO MUCH OF a good thing. First the navy awarded an “E” (for
“It is so easy to forget|M
“
Their Hearings Too Costly
state is plenty serious to the
h (like the banks) have more
ARE HELD OVER
14,500 Hogs Received .on Steady Market With Top at $13.80.
PACKARD TEST |
New Division Company “May Make
Packard Motor Car Co. announced today that a special division has been established in its Toledo, O., plant at the request of the army {air forces material command .to handle advanced aircraft engine development. The announcement was made- by George T. Christopher, president and general manager of the company, who stated that work in the new plant, which includes latest design dynameter cells, propeller test stands and special machinery to simulate highest altitude condi tions, is already under way. “When the plant is completed,” Christopher said, “the mental addition to Packard's To-
There were 7000 hogs held over al the stockyards here today with) new receipts totaling 14,500, the war food administration reported. The market was slow and steady with the top at $13.80 on 180 to, 270-pounders. Other receipts in-| cluded 1350 cattle, 825 calves and! 1250 sheep. GOOD TO CHOICE HOGS (14.500) | 120- 140 pounds ........... [email protected]
114%
+0 12 © 12.3601 ve [email protected]
B.13@13%
8.00@10. 5)
16.50@ 17.00 |
15.25G1878) [email protected]
ssese 11 5081475 esse [email protected]
8.50911.50
000- 800 pounds 15 10.28 $00:1100 pounds .oioiiiee 160016 00 600- 800 pounds 14.00 15.75 1000 PONIES +.0nsoveseoes 16.35G16. ha, 500- 900 pounds . vensnnss 10.750 14.00 Common -— $00- 900 pounds ............ +. 115610.75
excellence) pennant to war plants Sood doing an outstanding job on navy Cull
contracts. Then the army had the same idea, so the two were merged into the army-navy “E.” That was o. k. but now everyone is awarding a pennant for something or other. The maritime commission has its “M” award. The
treasury has its “Minute Man” flags
for plants where war bond sales are ‘good. The agriculture department
is giving “A" flags to cheese fac-| ig
tories, ete. And the National Safety
This must explain the fextile shortage.
ODDS AND ENDS: Arde Bulova,
500- 800 pounds ............. [email protected] 00-1050 pounds ....... eesess [email protected] 500- BOO pounds .......ocenns 10.50@11.%% J00-1080 pounds ....ccve0eve 10.50Q11.75 J00-1000 POUBAS ..uvresscaes D.00810.50 OMIMOG ~~ 500- 900 pounds ............. 190Q 200 Calves Good and Choice $00 pounds dowm ........... [email protected] um 300 pounds dowm ........... [email protected]
. 11.00913.38 Meds: 500 pounds dowa............ [email protected]
SHEEP AND LAMBS (1300)
the watch-maker, expects good post- to Soa vam) 4.50@ 5.25 N Y. S war sales to those Who Put off buy-|Gomman te meth... ..... 300% Ls . Y. dtoc ing during the war; his U. 8. plants LAMBS Net are in war work but dealers have Good Bb Sholty crrenrun verren R 33.30 uo Sh Low Last Change been supplied from the Swiss face |Medium .............o000 oo $50@ 5.15 An’Gan oP Tas 9513 +1 tory. . . . Stewart-Warner’s sub- SPRING LAMBS ass ip ol Had - % sidiary, Bassick Co., has bought the| Good to choice .............. 12.0@13 50 Am Roll a © 17a 16% 16% — old Inverness Mills in Winston |Mediom to good 1030g13.00 TIN 1 WE + Salem, N. C. to make furniture ’ tgs 82 8% .... hardware A deal whereby In- Ansconds .... 37 27% TN... : Cet LOCAL ISSUES Armour & Oo.. 6% 6% 6% ..,. ternational Detrola Corp. (the Néminai quotations furn by di. Atchison .. .. 0% Wl Vs = x former International Machine Fool anspolis securities Genders Ad Refining 30% 2s EW : 8 . here) would merge with Uni- Asked | Ben Ind Losn 18% 18% ks RO) ro Corp., has definitely Aten Pn So Garp oid ota ii > L0 Be Steal 3 18 re Me = " *cooled” for the time being, it ‘is|Beit BR Stk Y ro da wok Borg-Warner .. 41's dlls 41's + la Beit R ds Pid. .coesvens ries illar . 83 53 53a — Ma said, . , . The army is cutting down | Bobbe-as: rill y ot iy items t 8 cen Shea oi Ee 48% aoe + 2 i - Bobbe- Merril apa le Ul % . on its habit of awarding huge CON! Circle Theater > 50 Dougins Ware 56; 56 561 — tracts, clear out of proportion with famwith Loan 5% ptd 17 1Du Pont 158% 1583s ge — : actual requirements; the reasons:|Delta Elec com . eaves 18 [Gen Electric. 39% “3 i — Hook Dr Co com. .... 16 Cen Motors .. 466 63% 65% . To hold down surpluses and reduce | Home T&T Fi. Wayne 1% pid sit | Goodrich 1... Site he Nn Tw the amount of termination claims, Jud A Mp Be 5, vid Goodye : 2 a5" il Hydro 3 4 "eae ay Gen Hise " » 3h 78% ME + % WESTERN UNION INCOME UP india # & er ld. Boos Wm NEW YORK, July 13 (U. P).—|indisnapetis Koha com’ id 14° |Kioger G AB 33 8 Western Union Telegraph Com-|[naBls Water ass A com. 11% id" Cock Atrcratt me Ins IT = » ‘ Jeff Nat Life com . 15 17 0 lp — pany’s domestic revenues currently Lincoln Loan C6 8%% pid.’ 38% 100 Marin (Glenn) 20 20% n 0% - 3 are running slightly behind a year {Ein Nat Rie Ins com ... Tre a Net Biscuit... ind 3s a — i ago, reflecting the Joveting tengéney PR Mallory Com [111 Be an oy Pas Ba ns 0% — 3 of general industrial activity. Pres- N Ind Pub Serv 5a%. ....... 2 105% packard ..... 5% 5% ies N Ind b Serv 6% ptd ..... 04 107 eee. 34% 337 iy — 4 fdent A. N.° Williams disclosed to- to- N Tug Pub Serv 1% pl 12s is Dn A ba 18 me =X day, in. réporting a moderate rise Pub Serv Ind 8%....... senens Pen RR .... 31's 307% -— Pub Serv of Inf COM ....ceeee 18 19% | PI 2% 24 MW = in net earnings for the first five Progr Fy . 1 roc & ge a1 s1 81 ~ months of 1544. Sn Ihe Ihe 1m =n .| Repub st 20% 20% 20% == % Reyn Tob B . 34% 34¢la 34% . jchenley D pf 106%, 106% 106% .... |. Servel inc .... 23% 22% Ble — Jocony- Vacuum 147s 14 14'a = Ya 3 FS jouth Pac .., 384, 312% 3% — % $1.0 athe 0 BBE al... < i Bd 4 Std Ol Ind.... 33% 33% 33% — Oil N J.. 58 51% 8T% = %W 20th Cont-Pox. 26% on dee 2 nt- . . 9." “FIRE U.S Rubber.... 53 52% 53% = ¢ USS ee. 62% Blip 01% — a Warner Broa .. 14% 14% 14% — | (NSURAN {| Kuliner Packing Co 4s 84 100 esting n . 104% 104 he + % E or - Ye : iva: big et -. 103% Zenith: Rad... ds a3 - 3% y N Ind Tel 4Yes 85 LE aah 1 4 A ————————— ———————————————————. EHOLD Pub Serv of Ind 3%a 13 105 108% ON HQuS Ban a Wi Gi = "0 o> STAT > MENT FURNITURE rat Term Corp 88 87. ... 89% $4ij| ernment expenses and receipts for the Us ine chro Be 63 ..... 103 Surrens. | tac Jou Suovsh July 11, com~ m= ipten... » Sito ¢ LT War spend.. 2,383,452.397 1,932,747,688 market Receipts She gp u.els 760,
iL dim Selene was particularly inter-
@12.501 +
Goer 300 pounds [email protected] i rtant design huaneseerren neers in importan e improve330. 200 bounds ............. 118@ilse| ments,” he coptinued. “Further360- 400 pounds vase . [email protected] more, this engineering outgrowth of 400- 450 Pounds .....co0.ee.. 1.15 11.40 | Our war work need not be consid450- 550 pounds ...eceeninnan [email protected] ered 8 temporary operation.”
..e. [email protected] est and largest wer plants. .. 18.735017 3
ji ie 81848 manufacturing source of vital parts
z GRAIN PRICES OFF
% Grain futures displayed an easier
ss0/1ve off 3% to %, and barley un-
merit) Working ba ,300, \ ! | 907408325508 141.908.001.797 sed oats, [ED es a 003.007 27,08. 483.508
ledo operation will be one of the few fully equipped engine test centers in the country.” He added ithat “it is anticipated. that im{proved power plants resulting from {this long-range program will go | well beyond present limits.”
Experiments ‘Not Temporary’
As there has been much’ speculation as to whether the company would remain in the aircraft fin- | dustry after the war, Christopher's
esting since it is the only declaration made by the company in the way of an answer, . “Developmental - -actiivties will not necessarily be confined to the { Rolls-Royce engine on which Packard has extensively collaborated | with the British and army engi-
The Packard company, Christo{pher declared, launched its first {Toledo activity late last summer, {when it took over a war plant formerly occupied by Aviation Corp. and it is now one of Toledo's new-
“The Toledo plant will also conto operate as a separate
for Rolls-Royce aircraft engines,” (he stated. “In jts approximate year's operation, output totaled nearly $5.000,000 ih dollar volume and annual payroll touched the $3,500,000 mark.”
= ON CHICAGO MARKET
CHICAGO, July 13 (U. P).—
tohe on the board of trade today. A dull tone prevailed. At 11 a. m. wheat was off 35 to 7s cent & bushel; oats off i to 1%; changed to off 4. 5 BLL FILED IN CASE AGAINST A. & P. DANVILLE, Ti, July 13 (U. P.. —A 112-page bill of particulars has been filed by the federal government in its case against the Great Atlantic and Pacific Tea Co., of New York, wheh is accused of violating the Sherman anti-trust act by conspiring to monopolize trade. The bill, entered yesterday, consisted mostly of a review of the government’s case as it was presented
in the northern U. S. district court of Texas where it was dismissed.
in an information filed in the district here last February.
Qush bal. 127 58,142,721 8,460,
CENTER OPENED!
“Post-War Planes. | DETROIT, July 13 (U. P.).~The!
develop-}.
= THE INDIANAPOLIS TIMES
¢
PAGE 2%
Firm President
E C. Atkins I
Ellas C. Atkins
Keyes W. Atkins
Keyes Ww. Atkins bromoled
| |
JOBS, PAYROLLS
Downward: Trend May Reverse in July Canning Season.
! Manufacturing employment for ‘June in Indianapolis dropped 3.03% from May and was behind the June 1943 figure by 8.1%, while the June payrolls were down 5.61% from May jand lower by 4.7% from June of
| employment security division direc- | tor, said today.
In the state, war contract cancellations and cut-backs during June
joverbalanced pronounced employv- charge of Atkins’
{ment gains in factories manufac- | turing non-durable goods. { The June loss was the. sixth (straight in as many months but | there were indications that the
DROP IN JUNE
11943, Everett L. Gardner, Indiana
|gon, Washington, ‘Idaho and west- § ‘ern Montana. He
Two Atkins Men Promoted
The appointment of Roland J. Schmitt, as manager of Atkins Pa-| cific northwest division, to succeed H. G. Mackenzie, was announced | today by E C.! Atkins & Co. of | Indianapolis. A. Stanley Caster is being] promoted to office manager of the company’s Portland, Ore. office.’ Headquarters of both men will be at "the company branch factory in Portland. Mr. Schmitt, sive bdtkground of 19 years in manufacturing, » will be in full &
¥
Mr. Schmitt
activities in Ore-~
was born in
POST-WAR JOB
=
RISE FORESEEN
‘Anderson Survey Reveals
Expected Increasé in a
Employment.
ANDERSON, Ind., July 13 (U.P). —An Anderson Chamber of Commerce survey revealed today that 23 of the city's leading industries now engaged in war work expect to employ 1000 more perSons after the {close of the war than at the jpres-
{ent time, who has an exten-!| |
The industries estimated that it { would take & year to reconvert from r to etvilian production, during
3 which time employment would drop
for six months, then rise fo sur. |pass the present number of 24,000
f_. employees.
Post-war goods to be manufactured by the factories included auto
Elias C. Atkins has been elected| Tenn. branch of the company and president of E. C. Atkins & Co.|yjce president and general sales,
succeeding his father, the late, ...c0r of both domestic and for-. Combined
In Saw Company Election cnc wns mshi ve mera
in July as canning factories increase | was employmerst, Mr. Gardner said.
Some Retrenchment Shown employment in all}
parts, wall and floor tile, files, corrugated boxes, glass making machinery, foundry products, stoves and clothing. The survey also Indicated that
Indianapolis and educated in % | city schools prior to altending In{diana university.
ae Mr. Caster
Henry C. Atkins, the company announced today. Another son, Keyes W. Atkins, vice president and general sales manager, was elected to first vice president in charge of
Elias C. Atkins received factory and management training through working in the factory departments when he first entered the company in 1915. He became vice president in 1924 and advanced to superintendent in 1931, then first vice presi-
No. 333.
\CASH DIVIDENDS FOR MAY DROP
WASHINGTON, —Cash dividends May ‘aggregated slightly less than
July 13 «U. distributed
June was estimated at 595,559 wage earners, less than 0.1 per cent be-| low the May figures, and 4.1 per cent below June, 1943. Correspond-| ng weekly payrolls were est imated | to be $26,107,522, or 0.6 per
higher than a year ago:
cent | in lower than May and 64 per cent!
Mr. Caster, a
{wholesale and retail automobile
DRsiness,
AFRICAN COCOA T0 ARRIVE IN U. S. SOON
NEW YORK, July 13 (U. P.).— The tightening supply situation in
! Anderson would have to allow for
eign sales. He is an active member manufacturing and eigfit groups of | native of Toledo. O., moved to In- | extensions for city utilities to keep of the Atkins American Legion Post non-manufacturing industries for dianapolis in 1922 to engage in ‘pace with the city's growth after
the war. Industrial leaders said | they expected the population to inierease with the community's industrial growth after the war. G.E. STOCKHOLDERS INCREASE SCHENECTADY, N. Y. July 13 (U. P.).—General Electric stockholders totalled 232,332 on June 23, the highest number ever to own
board of directors and executive|but the total for the first committee of the Indianapolis Com- months of this year ran 2 per cent their
board of directors of Employers @s- partment reported today.
Retrenchment was marked irr the €0eoa 1s expected to be relieved by! stock in the compan y, and an indent in 1936. He is a member of the [IR the corresponding 1043 month, durable goods industries—where-em= the arrival of some 667.000 bags of | crease of 8137 over a year ago, W. five’ ployers.are continuing to weed out African cocoa scheduled for ship-|W. Trench, secretary, announced least productive employees.! munity Fund; also a member of the ahove a year ago. commerce de- The retail trade groups, contrary 0 usual June trends,
ment to the U. S. during July and day. according tp local trade
registered , August,
The government renewed the case |
sociation,
May
company employment in 1917 and {$115,300.000
payments to
“in the
{gains in both instances.
stockholders gains in the employment and pay-! quarters. Keyes W. Atkins entered “the totaled $114,200,000, compared with rolls. The coal mining industry| Recently manufacturers, because 17 1943 month, showed a gain of 0.3 per cent in! worked his way through the factory | while for the five months of 1944 employment and a 4.3 per cent loss in various jobs. He has served as the total was $1,191200000 against in weekly payrolls, while quarrying to reduce their grinding quotas for| sales manager of the crasscut saw |$1,168,200,000 ii the corresponding and non-metallic mining recorded civilian use to 70 per cent from 80 small, 26. © No rade. 30e. division, manager of the Memphis, |period last year.
of the lack of supplies, were forced
{per cent of the 1941 rate.
| LOCAL PRODUCE re breed hens, 300. Leghorn Qehs,
Broflers, fryers and roosters, under § bs. 28e. ghorn springers, 6c. Old roosters, l4c. Eggs—Current receipts, 30c. Crade A large, 40c; grade um, 38¢; grade A | Butter—No. 1, 0c. Butterfat — Na. L |49e: No. 3, 36¢c.
Travel conditions are different than they were in pre-war days. Let’s look at the facts: Throughout the land, tens of thousands of men and women of our armed forces are now traveling across the country by rail. The families of our fighting troops are taking trips to “sce the boys” before they shove off for overseas. Executives and war workers of essential industries are traveling between various plants on important missions. It all adds up to this: More passengers than ever before are crowding the trains on the Santa Fe. We are required to handle this unprecedented volume of passenger traffic with practically the same equipment we bad in 1941 Building new passenger equipment has not been permitted since Pearl Harbor.
SANTA FE SYSTEM LINES
"ALONG THE ROUTE TO TOKYO"
What ahout travel conditions?
Our government has issued instructions
to the railroads under Interstate Commerce Commission Service Order No. 213, effec-
tive 12:01 am June 27, to displace or remove any passenger in any accommodation upon any train, in order to provide necessary space . for sick or wounded service personnel, and their attendants, transported pursuant to a
medical certificate. We hope there will be
little of this. We of the Santa Fe will do our best to
carry all the passengers we can, as quickly
- and comfortably as we can, but we ask this before you plan a trip this summer:
Unless your trip is essential, can’t you put
it off until we bave alittle better opportunity te carry you in the traditional Santa Fe manner?