Indianapolis Times, Indianapolis, Marion County, 4 August 1944 — Page 11
quarely snd es twentieth tabloid -edi-
World War 1. she
Ludwig of the cruel eople’s minds
all these good Ay and in the uence on the the power to | one class, a rested in the Germans are at have never
ET
kay
we
Byrd Committee Acres Alarming; Charges Purchases Are Excessive And Buying Plans Should Be Curtailed. By Seripps-Howard Newspaper Alliance : WASHINGTON, Aug. 4.—The federal government now | owns one-fifth of all the land in the continental U. S. Its-holdings of about 384 million acres exceed in size the combined
Vermont, Rhode Island, Massachusetts, Connecticut, Penn
Terms Federal Holding of 384° Million
of 21 entire states—Maine, New Hampshire, |
AN-6 Gun Camera Aids U. S. Pilots
sylvania, New York, New Jersey, Delaware, Maryland, West
Virginia, Virginia, North and South Carolina, Georgia,
{land regional price economist, U. S. | tional average went up 1.3 per cent
{of the 1935-39 average and stood at
+ federal control, this acquisition
Florida, Alabama, Kentucky, Ohio and Indiana. Its land acquisitions in the last four years—about 15 million acres—almost equal the
area of West Virginia. “This is the situation Thomas E.
they decl: day that: . : “If, under the guise of conservation as advocated by the exponents of ~ bureaucracy and
and encroachment program continues, we shall soon find ownership of our lands lodged in the federal government sufficiently to threaten seriously the very exist-
- oa 7 ro
free American cit-
War Cawsed Mach Buying
~|radd and 28 per cent.in Montana. +except in the District of Columbia—
ship, are tax exempt, the Byrd grour
cited “growing concern in many states” over the loss of large amounts of taxable property to the central government, resulting in heavier burdens on local taxpayers, and worry aver the effect that postwar “dumping” of large tracts might have on loca] realty values, The major part of the govern-ment-owned land—335 million acres ~—is in the public domain, and most of that is in use for forest conservation, grazing, national parks and the like. Uncle Sam has acquired
|the rest from private owners, at a| ‘cost, including buildings and other
improvements, of 6184 million dollars, according to the Byrd committee, ‘ i Solution Suggested , More than one-fourth of
the land erally owned, the figures ranging from'78 per cent in Nevada, 68 per cent in Utah and 61 per cent in Idaho, down to 34 per cent in Colo-
Eastern holdings are much smallery
25.15 pyr cent—although there is no state In which the government does not own land. The 1944 Republican platform, which the governors at St. Louis cited as pointing the way to a solution of the government land problem, promises: “Consistent ‘with military needs, the prompt return to private ownership of lands acquired for war
months ended June 30, net profit $135314 or 39c a share vs. $147,451 or 46c year ago.
vd Lg HURT
rsd er an 1 tO
SCIENCE WARNS WOMEN
ABOUT CAKE MAKE-UP!=
WHY RISK WIG. POREIOPDUNGSY LITRE Uns?
Standard equipment on all A. A. F, fighter planes is this AN-6 gun camera, installed in the nose of P-38 Lightning fighter. This 3% pound 16-mm. movie camera can, under almost impossible photographic conditions, record the firing and tracking -of a combat pilot and obtain invaluable information about performance and design changes on enemy aircraft. The gun cameras are constantly under going exhaustive tests at the armament laboratory at Wright Field, O.
PORKER PRICES STEADY HERE
Top Remairis at $14.80 -With 7275. Hogs Received
Siege Pre es Tv iy card sak
| Corporation Earnings Drop”
NEW YORK, Aug. 8 (U. P)— Net earnings of all corporations in the U. 8. this year may fall $2,000,000,000 below late 1943 expectations of the treasury, the National City Bank of New York predicted today. porate net ‘income $1,000,000,000 above the level of 1943, the bank sajd in its monthly news letter ‘that a “reappraisal of prospects” clearly indicates that instead of rising a billion dollars above last vear net income will be $1,000,- " 000,000 lower. “The basic reason for scaling down estimates of 1944 net income ha thin ing wag Poi JR, and taxes is the fact that the ex140- 160 pounds. . .. [email protected]| pansion in gross revenues of busi150- 1% ness is now slowing down, while at the same time operating costs in general continue to advance, with an inevitable cut in profit margins.”
A steady market prevailed at the Indianapolis stockyards today ‘with the top at $14.80, the war food administration reported. Prices on S0OWs were up 10 cents. There were 7275 hogs received. Other receipts included 525 cattle, 450 calves and 700 sheep.
f 3
4s
§ gusssy
12.5009 14.50
cna ODT OKAYS LOCAL HESS TRUCKING FIRM PLAN
Li. [email protected] 14.004214.05 WASHINGTON, Aug. 4—The office of defense transportation has approved the joint action plan between the American Transport Co. Inc, of Marion, Ind., and the Ellis Trucking Co. of Indianapolis for operation of routes from Indianapolis ta Huntington, Ind., over Indiana 37 and U. 8. 24 to Ft. Wayne, Ind, the ODT announced today. The common carrier parties to the joint action plan proposed operate daily schedules over the routes involved, serving Marion, Ind. and Huntington, Ind., both points being intermediate between Indianapolis and Ft. Wayne, The Ellis Trucking Co. estimates a savings of 6000 miles per month or 72.000. miles annually by the effectuation of this plan, This will effect a savings of 2200 man-hours per year on driver and mechanical manpower and 1500 hours per year in office personnel. There is also an estimated savings of $1200 per year in terminal rents, $300 in telephone charges, and ap-
H gags
14.009 14.05 13.906 14.05
ssf spual siumy
i
;
16. 11.00 see 18. 11.25
engi 15.00¢ 16.
1 15.25@ 15.50¢
of
Bhi
i
12.00 12.00
15.00 15.00
15.750 16.50 . [email protected] [email protected] 14. 18.00 [email protected] [email protected]
svessenrane a
11.25913.00 [email protected] L256 9.
WHY ENDANGER YOUR DELICATE SKIN when my Baby-Texture Powder gives that smooth “flawless look”
up may dry out the delicate outer layer of your skin . . . make you years older! Even worse, the microscope has revealed corkedup pore openings . , , corked with
gosibroediap deposits of cake make-up which washing and
Ee Wh a
ger. 1 wish youd try Lady Esther
and whatever other make-up ~~ you are now using... wet or dry. -
What ls your exparience with sake makewp? Writs me. 7178 W. 63th St, Chicago, I.
proximately $2500 per year savings in other terminal expenses. It is also estimated that this plan will expedite the movement of traffic on Ellis Truck Lines’ operations by about five or six hours per day. The order becomes effective Aug. 4, 1944. }
CALVES (450)
Ezantine your face in strong sunlight. See how much younger, smoother, clearer it looks with Lady Esther Powder , . . even after 4 long hours!
That's all because Lady Esther Face Powder is made differently + «+ by my exclusive Twin Hurricane Process that makes the tiny powder so amazingl soft and On face, itis hardly like at all, but rather like a delicate film of beauty that hides little lines and blemishes like magic. So if you want a young, smoot Bawls skin ) Io er, . When you see how
much more looks, condi
skin y more Esther
[email protected] . 9.00014.00 «+ 5.50@ 8.50 Fooder and Stocker Cattle and Calves . Steers k
Choles- i 8500+ 800 pounds ..........cs. [email protected] 800-1050 POURS ...ceescesese [email protected] C173 +
500- 800 POUDAS .....evseress [email protected]| Am Rad&SS .. 11% — 800-1000 POUDES .ovicescnesss [email protected] A — . . 3a — 500-1000 pOUNdS ..ccueeesssee 8.75010.00 Common— Am attereniae we 150@ 8.75 Calves (steers) ’ A 6 + Good and Cholce— - 8 x 800 pounds down ...ceeveee. LIS@IISin01a Toco .
N.Y. Stocks
High
500 pounds dOWRE ...cesevee. 30.50Q12.75 Ld
500 pounds down £.50910.50 SHEEP AND LAMBS (790)
Brera gennne
Goodyear .. .. 46 50 {Greyhound Cp. 22 Int Harvester... 773% « MG [email protected] [email protected] 92.35 L d Aire. 17% Martin (Glenn) 18% Nash-Kelv .... 16% Nat Biscuit ..., 223%, Nat Distillers. 34% NY Central ... 19%
LOCAL PRODUCE
(pes? Sresd dana 2e. Leghorn hens,
Eggo—Ourrent receipts, 30s, Orade A. re large, 40c; grade A medium, 36¢; grade A [Penn RR
Butiaro. 1, S00 Bush
Butterfat = No, 1, 90; No. & Ie. : —————————————— WAGON WHEAT. to the close uf the Chicago market Up 2 ag!
today, apolis flour mills and grain elevators paid $1.45 per bushel for No. 1 s +
CHEE
FEF
+ AF FE $2 pREEeeE
> »
7
sawed
Fre perry
Pittsburgh Plate Glass Co. and subsidiaries six months ended June |S 30 net profit $6.970,000 or $3.16 vs. $5,776,000 or $261 year ago. 3
+I+l;
New Laboratory Methods
The all-civilian student program at Butler University for the 1944-45 school year has been
2 | Circle
es
COST OF LIVING UP 1.4% HERE
Quarterly Index Reports. Rise in National,
Local Prices.
CLEVELAND, Aug. 4 (U. P).— Consumers’ living costs in Indianapolis advanced 14 per cent during the three-month period ending June 15, according to figures released today by William L. Phillips, Cleve-
bureau of labor statistics. The na-
during the ‘same quarter. The Indianapolis cost of living index for June was 126.2 per cent
the same level as June, 1943, Index Explained
The BLS index indicates average changes in retail prices of selected goods, rents and services bought by families of wage earners and lowersalaried workers in large cities. The items covered represented 70 ‘per cent of the expenditures of families who had incomes ranging from $1250 to $2000 in 1934-36. "The index does not show the full war-time effect on the cost of living of such factors as lowered quality, disappearance of low - priced goods, and forced changes in housing and eating away from home." It .does not measure changes in| total “living costs”—that is, in the; total amount families spend for living. Income taxes and bond subscriptions are not included. . _ House Furnishings Up
pT Gy ee and MRA Tr ind
of the 1haex WHICH did Hot cori fo Eee =
ute to the 1.4 increase for the quarter, the report said. The greatest increases was in house furnishings with a rise of 11.1 per cent.
Clothing Costs Advance
Clothing costs went.up .5 per cent during the June quarter as a result of price increases in many goods. . The fuel, electricity and fice groups advanced .1 per cent, accounted for by a slight rise in soft coal prices. An advance of 12 per cent was shown in food prices as most fruit, vegetable and egg prices rose. " Contrary to the general rise in the fresh fruits and vegetables group, onipns and green beans dropped about 21 per cent each and lettuce declined 3.1 per cent. Canned peaches went down .8 per cent and the price of butter decreased .4 per cent. Prices for other important foods showed little or no change.
Named Head of
Shell American
Times Special 3 KOKOMO, Aug. 4—The election of Earl Barnes, Indianapolis attorney, to the presidency of the Shell American ‘Petroleum Co, petroleum distributor in northwestern Indiana, was announced today. Mr. Barnes is to succeed Alex~ ander Fraser of New York, who resigned because of the pressure of work brougnt on by increased Mr. Barnes duties and responsibilities as president of Shell Oil, Inc, in New York. First becoming associated with the company as a director in 1923 when it was known as the Great American Gasoline Co. Mr. Barnes remained on the board when the firm became associated with the Shell Petroleum Corp. ~ Heads of the law firm of Barnes, Hickam, Pantzer & Boyd, he was born at Kokomo was educated in the public schools’of Richmond, graduated from Earlham college in 1901 and took his law degree at Harvard university. He is a member of the Indianapolis, the Indiana and the American Bar associations.
LOCAL ISSUES
Nominal quotations furnished by Indi anapolis securities dealers
Yo pid ..... Theater com .... Comwith Loan §% pid Delta Elec com .......
Ind Asso Tel 5% pid . rv
Ind Gen Se A Indpls P & L pfd Ind P & L com Indianapolis Railways ua... 14 *Indpls Water yan SERRE . > & A com.... 17% 3?
*Indpls Water Class Jeff Nat Lifecom ..... ...e0 Lincoln Loan Co 5%% pfd. ... 96% Lincoln Nat Life Ins com... 41 P R Mallory 42% cane P R Mallory com "ee . N Ind Pub Serv 5% ......eu0N Ind Pub Serv 52% .....400. N Ind Pub Serv hx pfd
Algers Wins'w RR 414% .e000s100 ooo American Loan 58 51 ....eeve. 97 American Loan 55 46 ......... Ch of Com Bldg Co 4's 51... 85 Citizens Ind Tel éls 61 .,... Consol Fin 58 50....... -.ceneee
108% | 103
keyed to meet the anticipated needs of the post-war world. :
New laboratory methods of proved practical value have been added to courses which emphasize specialized as well as cultural training,
Registration For the Fall Semester i, i, Begins September 11 Lg
J. S. STATEMENT ( Aug. 4 (U. P.)—008
ay expenses and receipts "for current fiscal year through Aug. 3 com-|tOrs Corp. today announced pro-
pared with a Expenses .. § 8. War a 871
Joa: ago: s Year L771 8 7,760,
Last Year 484,531
hidden structure of power is de-
*| Shortly after occupation of Szecho-
..|Sue of shares. The Pr y, | Was then ordered to
+1in turn amalgamated with Fleischer
26% | single process Deutsche bank took
nk slovakia and Romania.
| Tange in dull dealings on the Board of Trade today. At mid-session _| prices eased fractionally,
103%/% off %: oats unchanged to off 81 1%; rye unchanged to off %, and [| - barley off %.
CHEVROLET ENTERS
4 Fisher Brothers Promise They'll Do ‘Something Big'
DETROIT, Aug. 4 (U. P) ~The Fisher brothers, automobile body builders retired Wednesday by the General Motors Corp, announced yesterday. they would enter business independently and promised “whatever we do will be big.” “We are going into active business. We are not retiring,” Lawrence P. Fisher, spokesman, told newsmen at | the first joint press conference of | the brothers: William A. Edward, F. and Alfred J. Fisher attended the session. Pisher said they did not know what business they would enter but that whatever was started would be located in Detroit. He discount. ed rumors that the bypthers might affiliate with the Briggs Manufac-
taring Co. or another independent to afford competition to General Motors Corp., the Ford Motor Co. and Chrysler Corp. the “big three” of the automotive industry.
the cars,” he declared. want to finish together.” Hy
{the amount or percentage of their velopment will meet at 10:30 a. m.
PAGE OED WILL HOL ECONOMIC ME
In War Industries to Be Planned.
Community chairmen of the InThe brothers would not reveal diana committee for economic de-
“No one company can build all “We brothers started out together and we
£
houdings in the General Motors Monday at Purdue university to Corp., but said “It is one of the [lay plans for the purpose of keeplargest,” ranking next to du Pont's.{ing Indiana war industries at peak Edward Fisher predicted auto- production until the armed forces mobile design would progress “bY say “that’s enough.” evolution as vefore” and discounted | 1.ouis Ruthenburg, state chairman
rumors that the brothers would lf: the eroun and president ig sponsor a revolutionary automobile. Srony Presid of Set
“It isn't in the cards that changes| can come overnight,” he declared.
By Scripps-Howard
vel, Inc, of Evansville, who called the meeting said, “Behind all post war plans of CED lies the thought
Nazi-Looted Banks Termed Big U. S. Post-War Problem
WASHINGTON, Aug. 4—Not the least difficult problem that will face the united nations when Germany is defeated will be the disentangling of the Nazi banking system, which has been systematically used as a means of plundering conquered countries. This system, according to a report by the office of war information,
that nothing must prevent the full production of war goods. Meanwhil® it is the job of CED as an organization of businessmen, to help in planning toward high levels of post-war production and employment as soon as possible after war
Newspaper Alliance needs are met.”
Reconversion Discussed
He added, “Even with the very 3 best planning of all employers and with the highest degree of co-op-
is geared to withstand any changes if political leadership in Germany. eration from government agencies,
“Even though Hitler were dis-| posed,” said OWI, “this same group of German bankers could retain its grip on the economy of Europe. In
the conditions which brought about naziism before. Victory over nazi-| ism cannot be complete until this
«All Banks Nazi-Controlled The report said that virtually the entire financial resources of Europe are now funneled. into the Reichbank, the central national bank of issue in Germany, and a half dozen private banks in Berlin. There is hardly a bank left in Nazi-controlled Europe which is not a subsidiary of the German banking system. The report continued: “The banking maneuvers of the German financiers are a major part of the Nazi technique of plunder. (It has been) recently estimated Nazi spoils from conquered countries , . . reached 36 billion dollars by the end of 1941. “These maneuvers follow established legal procedures but are carried out as ruthlessly as the terror itself. These legal methods include: Acquiring of share holdings, creating companies of mixed German and native ownership, manipulating credit and clearing arrangements, cartelizations and ‘working agreements.’ > Many Quisling Controlled “Chiefly the Nazis have obtained control over the resources of Europe by reaching over and above all business to get a monopolistic grasp on the purse-strings of industry. With the banks of conquered nations in their hands, Nazi plutocrats hold power of life and death over Europe’s business. They direct the flow of money to Nazi-controlled or Quisling enterprises; or they freeze off capita] and credit from business houses that refuse- to ‘co-operate.’ “The looting of the banks reaches down to every small depositor, every small shareholder. Nazi authorities have followed up each conquest of a nation by ordering all inhabitants to report their holdings in foreign currencies, securities, bills, checks and participation in foreign countries, including banks. These are ordered transferred into the national bank of the country. This bank invariably is placed under the German Reichbank.
Hitler's Friends Profit
“The men who own this vast financial empire represent an alliance of Nazi party bosses, German industrialists and a few Quisling collaborationists,. Many are names almost totally unknown to the gen? eral public outside Germany. The Same names appear repeatedly on the directorates of leading banks! and industrial concerns; in some] cases these same men held high office in the Nazi party. Most of} the bankers are the men who fi-| nanced Hitler in the early days of| the Nazi party. Hitler is now pay-| ing them off with the spoils of Europe.” The OWI cited the case of the Boehmiche bank in Prague as typical of Nazi banking methods.
slovakia, Nazi authorities ordered this bank to reduce its capita] from 100 to 15 million crowns. Then it was ordered to raise its capital back to 100 million crowns. The Deutsche bank took over the entire “new” ise bank control over Prager creditbank which
und Zelcher bank and obtained a majority of the shares of Tschechische Discomptbank. Thus, by a
over a major bank of Prague with all its affiliates in Slovakia, Yugo-
GRAIN PRICES OFF ON CHICAGO MARKET
CHICAGO, Aug. 4 (U. P.) —Grain futures moved within a narrow
At 11 a. m. wheat was unchanged
BIG ENGINE’ FIELD Fanaa ress DETROIT, Aug. 4—General Moof
time this mondpoly would reproduce |
SUE
poor — it still will be impossible to close a ] |plant on war production one day NORTHERN INDIANA land open on peacetime production the next. There is bound to be a = time lag. CED hopes to help make # OFFERS NEW STOCK every effort to shorten this time £8 Jag in moving from war to peaceNorthern Indiana Public Service time operations.” . F, Co. is offering an issue of 220,078] The Tine was organized in « * : oT ; 1943-a%-the behest of Pau £3. Hoff - shards af pew 5 per cent cumula | Pro tive preferred stock, $100 par value. dent, of the Studebaker Corp, of inn exchange for the company’s out- | South Bend. La in standing 7 per cent, 6 pef cent and Speakers Named 5% per gent preferred stock, it was) Speakers at Monday's session will announced today. "The offer Will|jnclude in addition to Mr. Ruthenexpire Aug. 31. | burg, Dr. Edward C. Elliott, Purdue The exchange will be made on a |President; Herman B Wells, presi-share-for-share basis, plus the fol- dent of Indiana university; A. A. lowing cash payments: On the 7 Potter, dean of Purdue's engineering per cent stock, $13.533 per share; on [Schools; Clarence A. Jackson, executhe 6 per cent stock, $5766 per tive vice president of the Indiana share, and on the 5% per cent|Chamber of commerce and Indiana stock, $3.133 per share. Holders of Vice chairman of CED; Walter G. the outstanding preferred stock who Koch, vice president of the Inaccept the offer must deposit their | ternational Steel Co. and chairman stock either with the Continental|©f Evansville’s CED action comIllinois National Bank and Trust |Mittee; R. H. McMurtrie, president Co. of Chicago or the Chase Na- Of the Huntingburg Furniture Co.; tional Bank of the City of New | David G. Wylie, president of the York. Bloomington Limestone Corp., and H. Don Forse, president of the Forse Corp. of Anderson, GAB TO GONSIDER ocr copia pear NEW AIRLINE ROUTE, mises To sis1c Times Special " WASHINGTON, Aug. 4 (U. P).— {| The per capita debt on July 31 was | $1510, compared to $412 per capita
en (Seattle-Chicago) for extension of! service to New York via Detroit and | Heth Slowed lousy. Sh paioaniia
Cleveland, a fourth transcontinental | airline will be added to the country’s| Durie ich og TS ae air services, according to Business! at $208,573,594.426, com 1 ‘with
Week. The other lines are United, TWA and American. | $141,524,455,110 a year ago, and with
An application made by Northwest Airlines in the spring of 1941 for extension of service to New York via Chicago was rejected by CAB on the grounds that additional] service was unnecessary and would cost the government $400,000 a year in subsidies. The CAB's examiner has advised and approved the present application.
| $55,039,819.926 on Nov. 30, 1941. { The highest world war I debt was | ing the per capita debt $250. $26,506,701,648 on Aug. 31, 1919, mak-
"BRIGGS TRIAL SET
WASHINGTON, Aug. 4 (U. P.).— { The justice department has indicated that the trial of George N. | Briggs, former aid of Secretary of the Interior Harold L. Ickes accused of forging the celebrated “Hopkins
ODT, POULTRY MEN TO MEET | ietter” will take place when district
A meeting for all persons operat- | court reconvenes. in September, ing motor trucks used in the trans-| portation of poultry or poultry JULY MEAT OUTPUT IS BIG products has been scheduled in the] CIHCAGO, Aug. 4 (U. P.).—Proeast room of the Indiana world duction of beef, veal, pork and lamb war memorial building for Aug. 15!in federally inspected meat packing’ at 10 a. m., at which time the | plans during July totaléd approxioffice of defense transportation | mately 1,353,000,000 pounds; the secplans to elect a district poultry | ond largest July production on rec- i and poultry products industry ord, the American meat institute transportation advisory committee. | reported today.
= lock: $
CLOSES
ARTA