Indianapolis Times, Indianapolis, Marion County, 12 September 1944 — Page 6
Sm
USINES
To
XV
For Coming Business Boom
~~ AUTOMOBILE ROW HERE-IS GETTING'READY for what it thinks will be a prolonged boom in the auto business. Dealers who have been up to the factories come back
‘enthusiastic, saying that it
doesn’t look as if it will take
1 very long to get new cars, once Washington gives the green
jent. Hgnt dealer reports that his company has a big store of spare parts on hand, which it could use to get © a head start. mau >" ‘There haven't : been as many war casualties in the local auto * trade as were expected at the -beginning of the “duration.” Seyeral dealers went into war manufacturing of one
~
sort or another.|
Several did close up shop completely. But the remainder managed to get by, bringing their used cars in from the lot and putting them in the showroom instead. Only a few dealerships have changed hands. One fellow here was inquiring" around, saying he had heard a dealership was open. The auto dealers association office knew nothing about it but added, “For every dealership you find open, well find you 100 buyers for it." - WR ALASKAN INDIANS are trying to get back exclusive fishing rights in large areas where canneries have been operating for many years. Secretary Ickes has already set aside one reservation for them and cannery ‘owners and unions are worried about their $60 million salmon catch and their 12,000 jobs, #8 = DOG SHOW enthusiasts who went up to Portland, Ind. over the week-end had a hard time finding a place to stay because the hotels were full of oil seek-
ers. The state geology division isn’t
|
NAZI CARTELS IN ARGENTINA?
Sims Carter Claims German Economists Plan for Another War.
WASHINGTON, Sept. 12 (U. PJ). —A justice department official declared today that big German industrial combines, “in preparation for another war despite their military defeat in this one,” were ready to resume activity from bases in Argentina as soon as this war ends. Testifying before the senate’s Kilgore - war mobilization subcommittee, Sims. Carter, assistant chief of the department's economic warfare section, predicted that the halt -of military warfare in world war II would be the start of a period of intense international economic warfare.’ Ty
WASHINGTON, Sept. 12 (U. P.).—Senator Harley M. Kilgore (D. W. Va.) today called for trial of Germany’s “cartel masters” as war criminals and destruction of the cartel system “to disarm Germany and avert another terrible war.” Kilgore charged American industry with having given up large portions of the world market in order to monopolize the domestic market : through access to German patents. . :
And the Germans, he said, have assured themselves a “strategically
excited about any boom up there yet, however. Three wells were drilled in Wells county but they were dry and a few were drilled in Jay county, one of them a gas and oil well. % s *
ODDS AND ENDS: Frank Hoke, who headed the local OPM office in the early days of the war and was promoted to chief deputy for the war production board’s regional office at Chicago, has returned to his job at Holcomb & Hoke Manufacturing Co. here, , . , Standard & Poor's reports that contract renegotiation hasn't hurt corporation profits nearly as much as predicted, nor as much as publicity given a few exceptional cases would indicate; a review of 366 companies shows 118 had their 1942 contracts renegotiated with an average cut in net income of only 1.4 per cent, , ,. Allan 8S. Lehman, a director of Studebaker Corp., has bought 5000 more ‘common shares in the South Bend auto concern. . . , With restrictions relaxed on the manufac“ture of rubber bands and household gloves, Goodrich has started making rubber bands again, but, at the present rate, will take 27 months to fill its present orders. >
LOCAL ISSUES
Nominal quotations furnished by anapolis securities dealers.
Agents Fin Corp com Agents Pin Corp pfd Belt R Stk Yds com Belt R Stk Yds pfd Bobbs-Merrill com
Circle Theater com ... Comwith Loan 5% pfd ee *Delta Elec com J Hook Drug Co com Home T&T Ft. Wayne 7% p *Ind & Mich Elec 7% pid... Ind Asso Tel 5% pid... *Ind Gen Serv Indpls P & L ptd *Ind P& L ccm *Indpls Railways com *Indpls Water pfd reeivuree Indpis Water Class A com ... Jefl Nat Life com. ..... .... 1 Lincoin Loan Co §%% pifd.... Lin Nat Life com P R Mallory 42% P R Mallory com ..... N Ind Pub Serv 59, ... N Ind Pub Serv 512%... N Ind Pub Serv 6% N Ind Pub Serv T%.....0.0.. 11 Pub Serv Ind 5%
114% 19 15%
106% 19 11 108% 17%
Algers Wins'w RR 412% American Loan 5s 51......... American Loan 6s 46... Ch of Com Bid ' Citizens Ind Tel ¢'2s 61 Consol Fin 5s 60.............. Ind Asso Tel Co 3's %0..... Indpls P & L 3%s 70 . ..... Indpls Railways Co 5s 67 Indpls Water Co 3%s 68 108 Kokomo Water Wks 5s 58... . Kuhner Packing Co 4s 54..,. 0 Muncie Water Works 5s 66... N Ind Pub Serv 32s 13 N Ind Tel 4%s 55.. Pub Serv of Ind IVs 73 Pub Tel 4's 55.. 100 Richmond Water Wks 5s 57.. Trac Term Corp 5s 57. : U 8 Machine Corp 58 52 *Ex-dividend
109%
105%, 91 106% 103 92 102
EO Ee
INSURANCE
on Jewelry oid Furs con be. protected against "All Risks” of loss or damage. A Gaia Dealers Mucual’ “All Risks", policy covers boldep, theft, burglary, loss of most from mousing. bresksge sad mysterious dissppearsnce.
Assvel Premium As Low As
| bs., white’
| Qe roosters, 14c.
5! Argentina.
advantageous position” by controlling steel production throughout Europe through cartels and by maintaining heavy industry in Argentina even during the present war. lenced in Europe, the principal renewed activity from bases in the Argentine,” Carter said. “Profits from sales at wartime prices made ample means available. All the machinery is ready for safeguarding German supremacy in the steadily expanding South American market.” U. S. Affiliate of Nazi Firms Immediately after world war I he said, sons and brothers of “very powerful German industrialists” came to the U. S., became citizens and built up American affiliates of German firms. Thus, when world war II broke out, Carter continued, most leading German industrial, banking and commercial firms had American connections.
he said, | steel from Europe, and to safeguard | their dominant position "in the South American market, European steel firms—Nazi dominated or later taken over by the Nazis—
.! produced steel in the U. S. through M
their New York agents for shipment to their South American
--« | distributors.
With these huge steel stocks in South America, Carter asserted, German firms “have continued bidding. successfully on construction
buying American steel. Thysen in Argentina
Carter said that Fritz Thysen, prominent industrialist who left Germany after breaking with the Nazis, had moved his family into
James J. Martin, chief of the economic warfare section of the jus-
‘| tice department, told the committee Nazi-linked ‘con-|
later how three cerns in this country aided the Hitler government in supplying Germany with raw materials, overcoming measures of this government
"|designed to prevent dumping of
German goods on the U. S. market {and securing - much-needed foreign (exchange for Germany. | Firms Named { The firms, Transmares Corp., | Chemnyco, Inc., and Krupp-Nirosta | Corp.,, were organized under U. S.
: laws, administered by naturalized ..| Germans and aided the German in
| government and German industry |in every way possible, including {supplying valuable information on | the state of U, 8. economy, Martin | said. ; | “Before the war,” he said, “these firms were able to serve the Reich under cover of what appeared to be normal business operations. During the war . . . they are directed at preserving American markets for German industry. Unless they are
| disrupted after the war, there is 1 |
every indication that they will be
{used once more to prepare Germany
for the next war and to weaken us.”
Sera sea—————————— ‘U. S. STATEMENT WASHINGTON, Sept. 12 (U1, Py) Government expenses and receipts for the pared with a = shroust S97 ? om
This Year Last Year Expenses $18.482,684,595 $16,935,146,513
Receipts 5,300,236,430 5,246,667,563
13,173,448;164 11,688.478 950 5.358,686.401 . 4,595,994,560 lic | 45,095 148,625,897,503 Reserve. 20,885,120,563 22.223 396.588
INDIANAPOLIS CLEARD 1 Clearings RING Ex E00 Debits 14,778,000
Heavy 2 18. y breed hens, 22. Broilers,
Leghorn “hens;
and
ored springers, 23c; Ee leks
leghorn springers, 21s. urrent receipts, 30c, Grade A. i nA edn es ice 4
&
Auto Row Is Getting Ready!
RD WW emm————————
“When the German guns are si-|"
German industrial combines plan |
~The outbreak of the war in 1839, interrupted the flow of |G
jobs in competition with other firms Cull
War Spending 16,894,121.275 ~15.765.135. 678 |N
LOCAL PRODUCE [Sc fry¥rs and roaster,- under 5 a 25¢; col.
alu
with Eastern Airlines.
This is a desigh drawing of the new Douglas superliner, sister model of the army C-54 four-engined" combat transport, which is being purchased by leading airlines of the mation. It will be built as a . peacetime passenger and cargo plane. Contracts have been signed by American Airlines, Pan AmericanGrace and United Air Lines. Under discussion, but not ready for signature, are additional contracts
TASK 50 NATIONS "70 AR PARLEY
Conference to Post-War Aviation Plans. WASHINGTON, Sept. 12 (U. P), ference beginning in this country ‘INov. 1 will be asked to consider an American plan whose broad
outlines already have been ac» cepted by some of the major air
‘| powers; it was learned today. "| In announcing last night that it] =
had invited more than 50 countries to the conference, the state department said the “approaching defeat of Germany” made it urgent that ground work be laid immediately for prompt restoration of air transportation and communication on a world-wide basis. The talks will be held at an as yet undesig‘Inated point in this country. | This government's pattern for post-war routes, as outlined recently by the civil aeronautics board, would traverse the air space of virtually every one of the prospectivé conference participants as
PORKER PRICES ARE UNCHANGED
10,700 Hogs Received Here; Top Remains at $14.80.
Hog prices were steady at the Indianapolis stockyards today, the war food administration reported. The top remained at $14.80 on 120 to 240-pound weights, There were 10,700 hogs received. Other receipts included 1775 cattle, 750 calves and 1550 sheep.
GOOD TO CHOICE HOGS (10,700) d ; 14.80
160- 200 pounds . Packing Bows Good to Cholce— 270- 300 pounds 300- 330 pounds 330- 360 pounds 360- 400 pounds Good— 400- 450 pounds 450- 560 pounds Medium— 250- 550 pounds ...... Slaughter Medium to ehoice 90- 120 pounds CATTLE (1775) Cholce— steers
700- 900 pounds ....... PPR 900-1100 pounds ....... sesine 1100-1300 pounds ....... 1300-1500 pounds Good—
700- 900 pounds ... 900-1100 pounds .. 1100-1300 pounds . 1300-1500 pounds Medium— 700-1100 pounds 1100-1300 pounds Common 700-1100 pounds
14.004 14.004 14.006 [email protected]
cesscsscsnces 14.00014.08 « 13.90014.08
12.50Q13.78
esssssensst ee
Pigs [email protected] [email protected] 17.00018.00 «+ [email protected] + 17.00@18 00
[email protected] « [email protected]
. [email protected] Choice £00- 800 pounds » [email protected] "800-1000 pOUNAS .....eeeveees [email protected]
00d — a 600- 800 pounds . [email protected] [email protected]
George Hughes, Inventor
Of Electric Stove, Dies
« CHICAGO, Scpt. 12 (U. P.).—Funeral services were held yesterday for George Alexander Hughes, 71, chairman of the Edison General
Electric Appliance Co. and inventor of the electric stove. : Hughes was born at Monticello, Towa, but spent his boyhood at Bis
marck, N. D., where he eventually became a reporter with the Bismarck Tribune. As city ‘editor of that paper, he was instrumental in getting
his father, the state’s first attorney general, to ask the city council for a franchise to serve electricity to all homes. ? . Hughes and his brother, Edmund, then organized a company operating plants in North Dakota, Mon-
‘well as that of Argentina and Italy—who were not invited—and the enemy nations. Aviation quarters said the American plan originally. was formulated on the condition it would be modified unless it won general acceptance .of Britain, China and Russia. ‘They thus adjudged it significant that the state department announcement said substantial agreement had been reached on proposals known to have been made by this government.
tana and Minnesota.
In February, 1909, Hughes converted an oil cook stove.to an electric stove, which he called a “wire cooker,” and organized a company for its manufacture.
The American delegation to the conference, it was understood, may use provisions of lend-lease agreements’ and this country’s position as a supplier of aircraft as bare gaining points to obtain their objectives. X
Consider]
—The international aviation con}
the station ticket
AD CLUB- MEETING
Arthur N. Curtiss, chief designer of the RCA Victor division, will dis-
ner” at the luncheon meeting of Indianapolis Advertising club Thursday in the Indianapolis Athletic club. . Mr. Curtiss is past chairman of the Indianapolis section of the Institute of Radio Engineers and is now in charge of government product design in the sound field at the local plant. Ad-of-the-Month contest winners for August” will be announced at the luncheon.
hicago market r mills and grain elevators paid $1.48 per bushel for No. 1 red wheat (other grades on their merits); oats, No. 2 or No, 3 red,
lbs. or better, 6lc. No. 3 yellow shelled ©0| $1.08 per bushel, and No. 2 white corn, $1.20. 3
CURTISS TO ADDRESS =.
cuss “Television, Around the Cor-|ti
Restrictions ‘As Soon As Possible.
TORONTO, Sept. 12 (U. P.).— The Canadian government plans to
labor for production of the articles
now being released from restrice tions, :
800-1000 pounds Medium— 500- 900 pounds [email protected] Common— | 500- 900 pounds [email protected] | ) | +... [email protected] oo [email protected]
Cutter and common ... Canner ..
Beef— Good (all weights) [email protected] Sausage—- ; [email protected] [email protected] Cutter and common ........ 6.00@ 8.00 CALVES (750) | Vealers (all weights)
Good to choice
1 [email protected] [email protected] 6.00@ 9.00 and Stocker Cattle and Calves Steers
|
pounds . [email protected] | pounds ....ee0. eee [email protected]
POUNAS ..evverrenss. 10.00010.50 pounds ..eeeee. eesss [email protected]
800-1050 Good— 500- 800 800-1000 Medium— i | 500-1000 pounds ...,.... esses. B8.75@10 00
1.50@ 8.75
~ | Common—
| '500- 900 pounds ! Calves (steers) | Good and Choice— | 500 pounds down [email protected] Mediu.
9.00011.25 ' |
500 pounds down | Calves | Good and Choice— 500 pounds down i Medium — | 500 pounds down SHEEP AND Ewes | Good to choice Common to medium
| “10.50013.75
{ [email protected] | LAMBS (1530)
Good to choice | Medium to good ... { Common
[email protected] | +. [email protected] . 8.00010.00|
N.Y. Stocks it Net Low Close Change 88 88 + 3 1812
{ a | 1 1 ! + 8 -_
‘Am |Am &-T ...) + Ya {Am Water W .. 98% 9 Yai |Anaconda ...., Ye | {Armour & Co . Atchison ...... | Atl Refining .. {Ben Ind Loan.. | Beth Steel | Borden araniy | Borg-Warner . | Caterpillar T . +Ches & Ohio. Curtiss-Wr .... Douglas Arg, .. Du Pont Gen Cigar pf .153 Gen Electric .. Goodrich Goodyear Greyhound Cp. 2 Int Harvester.. Johns-Man . Kennecott Kroger G&B . L-O-F Glass . Lockheed Aire . Loew's ....
P44
IE HEEL]
++: +: +:
x »
Martin (Glenn) ard .v. 507
| +4+++: Sree
Nat Distillers _. Y Central . 1 Oliv Farm Eqip Packard” Pan Am Air .. 33 Penn Cen Airl. Penn R R . 28 Phelps Dodge .
PrrrsrsEs
Repub Stl Reyn Tob B .. Servel Inc 2
LE: +l Ld +4:
+114:
’
Jobs for Men and Jobs for Money
Go Hand
Wire VER money is busy, men are busy . : ; and there is progress, secnrity
and profit Tor the entire community.
» The “Indiana National” keeps millions of dollars of its funds ‘busy — by
ment of business.
» Jobs for men and jobs for money go hand in hand. Employment means active
money as well as active men.
» A dollar that’s hard at work helps make business good by putting men to work. ..it paves the way, and helps main-
tain, jobs for men. *
policy to see that every worthy business shall find in our bank the help it is seek-
ing. You’ll be welcome here:
> With this policy in the matter of
loans, we accomplish two important ob-
making loans for the needs and develop-
in Hand
jectives. We assure the sound and continued growth of the “Indiana National.” And this strength and soundness, steadily increasing, permits the bank to be helpful to those who need its services.
» For nearly 80 years it has been our
THE INDIANA NATIONAL SEEN HL le OF INDIANAPOLIS.
In Business to Help Business. . Since 1865 :
©
® . *
» Services offered by this bank include Checking Accounts, Savings Accounts, Commercial Loans, Collateral Loans, Real Estate Loans, ‘“V,” “VT” and “T”’ Loans] Commodity Loans, Term Loans, Discounting of Trade Acceptances, Trade Notes and Drafts, Collections, Commercial Letters of Credit, Travelers Letters of Credit, Travelers Checks, Foreign Ex- | change—Draft or Cable, Bank Money ‘Orders, Safe Deposit Boxes, Custody of Securities, United States Government Bonds. We'd be happy to discuss any of
these services with you.
AT
J LP pow | Y §] JIE
But, Will Remove Outpuf
: 3
io
os
- po Ein
p
ail