Indianapolis Times, Indianapolis, Marion County, 6 September 1944 — Page 9
M CHICAGO”
lentral Ave. } Fall Creek.
in Davis ESS” rd Greene RY"
ose AMA PASSAGE" CRET SERVICE"
From 1115 ; 1 Henreid WORLDS” n Carney ;
ASHORE”
News‘
Paulette Goddard te Colbert
Claudette
¥5 IN IRELAND ,
ne ¢ Dunne WIFE”
defeated.
AY, SEPT.
INESS
6, 04
__° THE INDIANAPOLIS TIMES
Fomine on £
“Rocket Power Aids Take-Off of B25 Bomber
P
Stores, Stock Exchanse Plovals for V-Day But the Situation Isn't the Same as in 1918 0
APPARENTLY MANY BUSINESS CONCERNS are| American emotions as in 1918. N ants, remembering that day when clerks joyfully: emptied cash registers and when truck drivers |. bandoned their trucks full of merchandise, are Wrying to
afraid V-day will just explode orgot the
prevent recurrences this time.
The New York Stock Exchange’ s been thrdugh similar situations: liveries of securities can't be de in thickly growded streets. On that tumultous day in 1927 when Col. Charles A. ‘Lindbergh was
welcomed home|. ; . ; Suggests Aid to Families | delivery was im-|-
the streets were so congested that
possible and the exchange had to be closed. In 1918, the exchange closed at 2:30 p, m. on Nov, A, the first armistice report. When the armistice was signed Nov. 11, it closed for the full day. ; Although no formal plans have been made, it is expected that if the war in Europe ends before the stock market and banks open, all will stay close that day. Personally, this-department doesn t expect the public to run so wild as—hany business men - expect. After all Japan still remains to be
RE. “There are today in Tadianspolis more families looking for the newer type of large house which can be purchased for from $20,000 to $35,000. than might be expected,” comments Fred L. Palmer in the Indiana Real Estate Journal. “Rest assured whenever these highier- priced buyers disappear, it will be because the system of free enterprise shall have also disappeared in America and a communistic or socialistic state will have taken its place.” Yes, or else it might be because we have another lulu of a depression. . » . NEWEST GADGET is a powerdriven oyster opener. It is a small hand tool with a chisel-like blade whose vibrations pries the shells apart. » r n ANOTHER new device is a bomb filled with fire-e chem-~ jcal which is dropped from airplanes to fight forest fires. ‘It ha a winged tail so the bomb will hit on its detonating pin. . . . ODDS AND ENDS: They're experimenting on making high- Erde
ings and for wrapping from bamboo. . , . To smooth the edges of aluminum sheets in ane aircraft factory, workers use those kitchen knife sharpeners with roller |
paper suitable for bags, bookbifid- |
WICKARD LISTS. FARM PROGRAM
With Incomes Below $1500 a Year.
Secretary of Agriculture Claudz R.
congress 12 legislative steps . for maintaining farm income, redirecting production to peacetime levels and improving health and educational standards in rural areas, In a statement to a house subcommittee on post-war planning
tended to all families with incomes below $1500 so. that they can obtain adequate diets and clothing, and recommended extension of social se-
_jeurity benefits. to. farm workers...
© He asked. congress to authorize
jective and for use in expanding the school lunch program.
Favors Insurance
Wickard said that farm income should be supported through a { “comprehensive program” of price{support measures. However, he tasked that loan rates and support prices be left flexible enough so that thelr administrators can discourage overproduction and encourage fuller output of needed commodities. He also asked congress to: Authorize development of international agreements on export quotas; strengthening markeéting agreements leading to more equitable distribution of farm products; direct the making of payments or furnishing of materials to accomplish necessary shifts in production; renew and expand federal crop insurance; expand research into new uses for farm and forestry products, and expand the “ever-normal
yo " ed granar)
U.S. INCOME, OUTPUT RISE _T0 NEW HIGHS
|Nétional income rose to $158,000. 000,000, and national production reached $196,000,000,000 in the first half of 1944, new high annual rates,
*
WASHINGTON, Sept. 6 (U. P).—
Wickard today recommended to |
Wickard suggested that aid be ex-
government purchase of perishable | commodities to carry out this ob- |
WASHINGTON, Sept. 8 (U. P.).— |
command.
The flames and smoke issufng.from this B-25 medium bomber are caused by the fixed assisted takeoff, unit, rocket power which helps heavily Jaden planes into the air. never be. used tactically, tests continué to bé made at Wright Field, O., headquarters of AAF material
‘Although the units will probably
Called on
PHILADELPHIA, Sept. 8 (U. P.). —The Axton-Fisher Tobacco Co. ! Louisville, Ky., has been ordered by {the sixth* U. 8. circuit court of appeals to appear before an officer of the securities and exchange commission and produce certain documentary evidence required by the
OPA PRICE BOARD REGISTERS DEALERS.
Registration papers have been filed with the local price and rationing board by approximately 1500 used car dealers in the Indiana OPA district, the district office announced today. Fear that a good many dealefs| have not yet registered was expressed by Glenn B. Thai of the price division. “Some of them may not know that registration is required, and that they. are violating price regulations if they are selling cars at-“warranty” prices Which are higher than “as is” prices.” « To come within the regulations.
{ the dealer must be registered, Mr. |
Tharp said.
D.C. McMurtrie To Speak Here
| Douglas C. McMurtrie,’ Chicago, will address a meeting of the Indijanapolis Advertising club tomorrow! noon at the Indianapolis Athletic] club. His subject
disks, fitted with a plastic handle. {but the production increase of 3 Per | will be “Typogra- . « Cherbourg bankers buried their cent over the final half of 1943 was ‘phy That Sells immediate resources, about 100 mil- only one-quarter of the average | Merchandise.”
lion francs in all" just outside of semi-annual increase since 1941, the |
Mr. McMurtrie §
town, when the Germans overran department of commerce reported 'is in charge of {
the country, After the city was
libefated, they went out to dig up!
today. Production reached a peak for the!
‘advertising and director of typog-
the money and found a mound of war period, but if the European raphy at the Lud-
dead Germans over it. They don't
know if the Germans were ign
|phase of the war ends, a down-turn
rant, in economic activity will result, the
low Typograph R e s ponsibie
* of the treasure and were just killed, | department added, “its extent de-| { for the design of there by allied shellingsor if the!
1
Germans knew and were trying to dig it up at the last minute, |
| pending largely on how economic ! demobilization problems are handled.”
+ Oldest Loan Bivens ig
LOANS ===
The CHICAG
146 E. WASHINGTON ST.
on Everything! .
Diamonds, Watches instruments Cameras
JEWELRY - Ine.
"BUSINESS DIRECTORY
You Save Because We Save || Men's Suits & Overcoats
$ 4 6” $ | 8" 2 | 24" CASE CLOTHES
215 N. Senate Ave, Open 9to 9
SAXOPHONE - INSTRUCTION 1:2
INDIANA MUSIC CO,
115 E. Ohio St, — FR. 1184
We Buy Usable Wire Garment Hangers at 100 per bundle of 103 62 Stores All Over 1 H
Davis CLEANERS
aR nen | =
IY & MARINE JEL
OXYGEN THERAPY
This Equipment Can Se Rented at
HAAG'S 402 N. Capitol Ave.
Day Phone ‘Night Phene L1-5367 : Nr 7e5e SHE
Tl 2% d CRED! RS
SEYMOURS
SHERWIN WILLIAMS Has a Paint for Every
Purpose. _ COSTS LESS Because It Lasts Longer.
VONNEGUT'S
‘AMERICAN PAPER STOCK: “On w
USE YOUR CREDIT at
MOS RINGS
CLOTHING COMPANY
131 W. Washington St. Directly Opposite indiana Theater
LI RW IN
ra alil;]
ry IE
112 East WASHINGTON St.
nds
HIGHEST CASH PRICES PAID
STANLEY Jewelry Co.
113 W Wash. Lincoln Hotel Bldg.
New Lightweight Felts for.Early FALL . ..
HARRY LEVINSON
Sensational
SHOP Values! AND = sb.nmer, SAVE
IAT [Pears Oy 'S
U8 Steel
a number of type | faces, he has con- Mr. McMurtrie
itributed largely to the literature of, EE printing, having - wirtten several books” on typography. Among his best-known books are “The Book: the Story of Printing and Bookmak- « ing”; “A History of Printing in the U. 8.” and “Modern Typog raphy and Layout.”
N. Y. Stocks
Net Last tn ange 80's
5, Am Rata 8 812% iy Am Roll Mili... 15% i) 1.183% 31 1, - 72% A 21. 2 LL a,
's a » Ya Ye b. Caterpillar T.. $ “ 12 Ches & Ohio... 47'% ky Bly — la Childs . 3 3 ‘ BW 5 ov B8% BS 55 — p y ase § 5 “e 114 334 38. hi 1 Ya an . 223% ‘ 1
38% A 38 - 1 Int Harvester.. 80% ! Johns-Man .... 97 - Kennecoit 32 3 Ya Kroger G & B 3 3s 353 vor {L-O-F Glass 5 8 52 a jrock Aircraft } }
Goodyear .. . Greyhound Cp Ind Rayon
3a | Loew 6 wot 1 [Martin (Glenn) 3 a
{Nash-Kelv ... 1 57 § a
| Nat Biscuit . {Nat Distillers. {IN Y Central : {Oliver Farm Eq | Packard | Pan Am Aijr..,.
hres
Penn R R -.., Phelps Dodge. . Pullman’ ..... Pure Oil Repub Stl Reyn Tob B.. Servel Inc x Socony-Vacuum South Pac .... Std Brands ... ‘ Std O Cal... Ta Std Oil (Ind) .. 3 — 8td Oil (N J)... -—
. 4 " 1 4 "
PEEP EERE RTE
bb bee
pad “ae
Warner Bros..
5
SL ARV
ANOTHER WBP AID QUITS _ |
WASHINGTON, Sept. 6 (UG. P.).— Acting Chairman J. A. Krug of the war production board today accepted the resignation of Lemuel R. Boulware as operations. vice chairman and appointed steel executive Hiland G. Batcheller to succeed! him. 4
Zenith Rad -.
al = a
Axton-Fisher Tobacco Co.
Carpet by SEC
/commission in line with a commis- | sion investigation of TransAmerica | Corp. of San Francisco, which controls the tobacco company. The commission applied to the court for action after the tobacco company had refused to appear and
i
produce books and. papers and
Aug. 29 as required by a subpena issued by the commission. The. subpena was served during a com- |
which is the controlling stockholder of Axton-Fisher, ‘had engaged in fraudulent acts” and practices prohibited by-the securities and exchange act of 1934. .
27 Charges Outlined
+ According - to the commission's order of investigation, the SEC stated it had information which showed that the Axton-Fisher Tobacco Co, on Aug. 14, 1942 had outstanding 13,598 shares of pre-
{other documents at Louisville on |
CORN CROP IMPROVING
Condition Is Fai “Fairly Good To Good, Well Along + In Denting.
The ~eern crop is improving and
iis fiow averaging fairly good to 'good, according to the weekly crop mission investigation to degefmine | {bulletin of the Indianapolis weather | 500- 901 900 pounds {whether the TransAmerica Corp., | bureau. § The crop is reported well] 500- 900 pounds
|
along in the denting stage. Sweet corn is being harvested. Rains have Melped the soybean crop’ and prospects are said to be fairly good to good. Cutting of hay has begun in many localities. Tomatoes for canning are being harvested with the erops reported as generally good. Pastures are greening as a resuit of recent rains although they are
RECEIVED HERE
Market Steady With Top! $14.80.0n 120-240 Lb. Weights.
There were 11,250 hogs received at the Indianapolis stockyards toe
reported. The market was steady with prices unchanged. The top remained at $14.80 on 120 to 240. pound weights. | Other receipts included 1150 cattle,i
750 calves and 2050 sheep.
GOOD TO CHOICE HOGS (11,250) 120- 140 pounds 160 pounds ....... - 180. pounds 200 220 240 270 po 270- 300 poun . 300- 330 pounds 330- 360 Mediu 160~- 200 Pounds... ue 13.50914.80 Packing Sows |
500d to Cholce— 270- 300 pounds [email protected] .300- 330 pounds .....esss sess 14.00014.08 330- 360 pounds ..eoeeess.. 360 400 pOUNAS ..ocesnsecees 34.00 Good— 400-.450 pounds .. senses 14000 14.08 450- 550 pounds ..esceesscees 13.90
Medium. 250- 550. pounds [email protected] Slaughter Pigs Medium to choice x 90- 120 poun irene [email protected] CATTLE (1150) Zholce— Steers 700- 900 pounds 900-1100 pounds
11, Fisher stockholders that the value
1 {the investigation was ordered to de- company said.
short and reported poor in many areas. Good progress was made in saving clover seed and in cutting {hay. Fall plowing is progressing rapidly, with the ground generally in good condition.
LOCAL ISSUES
Nominal quotations furnished by anapolis securities dealers.
[ferred stock, 35465 shares of class | “A” common stock, and © 112,012 {shares ef class “B”- common stock | of which ‘TransAmerica owned! 5332 shares of Class “A” and 82,610 shares of class “B.” The information also showed that during the period Aug. 14, 1942-and March 31, 1943, TransAmerica acquired 71 shares of preferred stock, 24,536 shares of Class “A” common and 8158 shares of class “B” common: of AX ton - Fisher thereby becomirg! by owner of 120906 of the 171,075] Merrill dram ptd
Agents Fin Corp com Agents Pin Corp pid
shares outstanding and assuming | 200s Theater com .. control of Axton-Fisher, Comwith Loan 5% pfd. Delta Fa com 5 Disc Hook Drug Co com 6 . Merger ussed Home T&T PL Wayne 1% pid S14 | Negotiations were pending be- | 12d Enis 1%” ta ; i tween Aug. 14, 1942 and March 31,|*Ind Gen Serv {1943, the commission added, for the|jndPl F & L pd . [sale of assets of Axton-Fisher to Jdidnaneis Ra Railways om. I ter os | Philip Morris & Co., Ltd, and thLe| I i Re haem subsequent liquidation of Axton-|Jef Nat Life com . a Fisher or the merger of the two | EiaNae Tie Co Stam pd... | companies. PR Mallory 4% %. *P R } According to the order of investi- 3° Ind. Pub Serv com... igation, in the event of such sale, |N Ind Pub Serv 8% . Ind Pub Serv 6% pid {liquidation or merger, the value of | N¥ Ind Pub Serv J lass “A” Axton-Fish | Pb Serv Bae 5% je A stock of = er { Pub Serv of Ind com... {would have been substantially en- progress Laundry com. hanced in relation to the class “B” 0 and Gx 2 2% stock and on March 29, 1943, Trans- 'Onited Tel Co 5% America converted its holdings of Union Title com ........... 30,068 shares of class “A” into class ate Bown “B” common and thereafter caused aoc on Tonn oo. s10 7 Axton-Fisher to call all outstanding’ Snetiean Loss By i vs 0 m <4 preferred and class “A” common ci zens Tug Te 4 te 61. stock. Consol! Fin 5s eS hoc {Ind Asso Tel Co 3%as 70. 108 | indpis P&L 3%s 70 :
Indpls Railways Co 5s 67 The commission "further revealed |Indpls Water Co 3%s 68...... {that TransAmerica -in purchasing Eoxome Water Wks Ss. 8. des !shares from stockholders, made no|Muncie Water Works 5s 66... . disclosure to such stockholders of | nd Fub Serv 34s 73 the pendency of negotiations with | Pub Serv of Ind Sls 73 Philip-Morris which finally resulted [Tun T8! 438 55 eo boi in the sale of Axton-Fisher's assets Trac Term Corp 5s 57 : to that company on June 31, 1943,|U 8 Machine Corp 8s 52
*Ex-dividend. and made no disclosure to Axton- | . -
LAFAYETTE FIRM NAMES RESEARCHER
Times Special LAFAYETTE, Sept.
Violations Alleged
of the stock purchased greatly exceeded the purchase price because | the value of the tobacco inventory | of Axton-Fisher had increased to] $19,000.000 from approximately| 186,000,000, a fact known to Trdns- «| America. : research .and technical director of N The commission charged that if the Brown Rubber Co. it was ans the allegations were _true they tend- | | nounced today. ied to show that TransAmerica vio- | Dr. Yoran will be responsible for {lated section 10-B of the act and post-war product developments, the
termine whether such a violation |
occurred. WAGON WHEAT | Section 10-B gives the SEC power | Up to the close of the Chicago market to regulate the use of “deceptive today, Indianapolis flour mills and grain
elevators paid $1.46 per bushel for No. 1 and manipulating devices used in red wheat (other gradeson their merits); jth sdle of securities.”
oats, No. 2 white or No. 2 red, testing 32 Ibs. or better, 73¢. No. 5 yellow shelled U. S. STATEMENT The Buchanan Station Cemetery Assn, - WASHINGTON, Sept. 8 (U.'P.) —Gor- (Inc, R. F. D. 4, Madison: no capi tal
corn, $1.08 per bushel, and No. 3 white ee ————— | ernment expenses and receipts for the! stock; George T. Buchanan, Alta Bupared fiscal year through Sept. Jb gom- (chanan, John 8. ~ Herin/ and others.
{pared with a vear ago hana wi This Your if Lag t Year ..$17,058,788 315 554.006,321
{ War spend... ‘ 13 3%. 525.858 4,457,286, 156
i Receipts 90,395,606 Ha ON HOU SEHOLD
| Expenses
| Net deficit .. 12 re 392,594 10.708,916,440 | Cash balance 16.931,856.336 5,754,354,978 Working Bal. 16,168,990 441 4.991 667.627 Public” debt 211,157,006.863 148,146,415.137 | Gold reserve 20,905.674,571 22,243,203,264 | |
INDIANAPOLIS CLEARING HOUSE | | Clearings Debits | EE ————————— S PAYS DIVIDEND
The J.°D. Adams Manufacturing | ° Co. has detlared a quarterly dividend of twenty cents per share on the
common stock, payable Sept. 30 stockholdefs of record Sept. 15.
Ee HES
"BED BUGS Use SHUR - DETR for Quick Results
fuel, foad and personal effects
moy be’ +ad for as little as
3x A YEAR
Rl
* | Common
: hog Heavy breed hens, 22.
1100-1300 pounds 1300-1500 pounds ..... esseesee IT. 009 18.00 | Good— | 200. 900 pounds .sssecssssns 13 0311.0 | 900-1100 pounds il pounds 1368 1500 pounds 15. 5017.00 [email protected] [email protected]
| “700. 1100 pounds J140. 00 pounds
700- 1100 pounds
Chulearn . £00~ 800 pounds [email protected] Joo. 1100 pounds [email protected]%
or 800 pounds .. 6.00 800-1000 POUNAS ..oeus Die oa
| Medium— ves 11.00014.50 8.25911.00 Cows (all weights > [email protected]
. 19.00211.75 6.50@ 10.00
Good | cutter and common . Canner ‘Bulls (al weights) Beef—
Good (all weights) [email protected]
9 50910.50" 8.00@ 9.50 6.00@ 8.00
CALVES (750)
Vealers (all weights)
Good to choice {Common to medium ,. Culls
14.507 15.00
6.009 9.00 Feeder and Stocker Cattle and Calves
200-1050 pounds ....evsessven Go
senne ssvesses [email protected] [email protected]
[email protected] 1.50@ 8.75
500-1000 pounds ...... sesneve Common 500- 900 pounds Calves (steers) | Good and Choice—
500 pounds down [email protected]
Medium— . 500 pounds down ............ [email protected]% Calves (heifers)
Good and Choice— 500 pounds down Medium— 500 pounds down SHEEP AND LAMBS Ewes (shorn) Good to choice
(2050)
2 {Common to m
SPRING LAMBS
Good to choice Medium to goed
13.00—14.00 10.00@ 13.00 [email protected]
LOCAL PRODUCE
Leghorn hens,
Broflers, fryers and roaster, under 5] Ibs.,, white and barred rocks, 5c; eol-! ored springers, 23¢; leghorn springers, 2lc. Old roosters, l4c. Eggs—Current receipts, 30c. Grade
small, 26c. No grade, 30c. Ber 50c. Butterfat—No.
73, | 49¢; No. 2
9.506214.00 {
, A . 4 | 1arge, 40c; grade A medium, 36c; grade A Bethlehem-Sparrows Point
11.250 PORKERS Soret ioe Vine From Mit
=
day, the war food administration §
THIS NEAT package packs a powerful wallop.” It is a nonmetallic land mine, one of America’s secret weapons used in Europe and in the Pacific. Made at the Owens-Illinois, Glass Ca. plant in Muncie, Ind. the mines, being made of glass, and other non-metallic materials, cannot be
1% OF N. I. P. 8. CO. STOCK EXCHANGED
Times Special HAMMOND, Ind., Sept. §.—Northern Indiana Public Service Co. announced today that 185,386 shares of the company's outstanding 7%, 6% and 52% preferred stock has been deposited for exchange, on a share-per-share hasis for 5% cumulative preferred stock. This represents - 84.2% of the 220,078 shares outstanding. The offer expired Aug. 31, leaving 34,692 unexchanged shares of the new 5% cumulative preferred stock which is being offered for sale under c¢ompetitive bidding. Proposals will be received by the company .until Sept. 11 for these unexchanged shares which will be offered to the public at not less than $102 plus accrued dividends.
wuaun BUTLER OFFERS NEW, , GREEN co-vors set
ADVERTISING COURSE
A new lecture course in the theory and practice of advertising entitled “Advertising Practice” is being offered in Butler university's evening division this fall through the journalism department, Mrs. Rosamond Risser Jones, acting head {of the department, has announced. | Classes will meet at 7 p. m. ThursHunter, relations director.
WISH public
George Madden, advertising manager of the Wm. H. Block Co., and | George Saass, advertising manager lof the Citizens’ Gas and Coke utility.
POST-WAR SHIP KEEL LAID BALTIMORE, Sept. 6 (U. P.).— The keel of the first of three cargo ships designed especially for postwar commerce has been laid at the ship- , yards here for the American Export “| Lines, it has been announced. |
6.—Dr | Calvin 8. Yoran has been appointed |
GRAIN DEALERS
! 4 L : | v & V/ g
Moderators of the series will be!
One of our secret weapons—a glass land mine made at Muneie.
located by magnetic detectors or electric detonators. The lethal
weapon, effective against tanks
trucks, and other vehicular weapons of the enemy, was de¥eloped by Owens-Illinois engineers and the Cincinnati ordnance district. It is built on machines . developed originally to manufacture glass building blocks.
'E' Flag Lost Af South Bend
SOUTH BEND, Ind, Sept. 6 (U. P.).—Indiana’s first four-star army-navy “E” flag for excellence
in production was hauled down -
today from the staff at the Bantam Bearings division of the Tor--rington Co. on orders of Secretary of Navy James V, Forrestal. Forrestal wrote that flying of the honor penant “is not consistent with your failure to continue to produce and thus sup~ port the men at the front.”. The company said that a work stoppage involving 90 employees was the reason for ‘Forrestal's order. The idle workers, members of the United Automobile Workers of America (C. I. 0.) were involved in a dispute over the layoff of 17 employees.
national labor relations board has ordered that an election be held within 30 days at Thomas L. Green & Co. of Indianapolis to determine if emplovees want to be represented by the United Steelworkers of America (C. 1. 0).
MARION IN. GROUP ONE
WASHINGTON, Sept. 6 (U. P), The war manpower commission has
ays under direction of Lyman placed four areas — Freeport and
Joliet, Ill, Marion, Ind., and Pontiac, Mich.—into the group one labor classification because of criti cal manpower shortages.
Niriom BANK
/AY IDIANAIOLIS
- BY FIGHTING WATER LEAKS
T'S SO EASY to let dripping faucets and leaking toilets 80 without repair, but do you realize that these leaks cost you mioney—and in addition to wasting water, waste materials and power used in the water purification and pumping processes? A dripping faucet alone can more than double your water bill—a leaking toilet, much more. So, whether you ‘own property or rent— whether you are the one who pays the water bill or not—see that water leaks are repaired at once, It is estimated that ‘water leakage in Indianapolis is more than a half-million gallons a day. 2s Do your share in helping eliminate this waste by turning off faucets
DON'T HAVE ANY “WATER DRIPS" IN YOUR HOME
tightly and repairing leaks as
soon as they are found.
Most
|. leaks. are easy to fix, but if you & repairs your-
Rit cal a plumber.
Toilet leaks usually occur when the rubber
flushbgl is worn or not aligned;
when the
Ball float is not properly adjusted: or whew the refill valves are not shutting off. If you can't getect leaks, place ink or bluidg in the tank. If theie’s a leak, the water in
FRR ee pu EER 6 SR SC A Ea pe
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