Indianapolis Times, Indianapolis, Marion County, 25 October 1944 — Page 23
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More Cost-of-Living Data ‘To Be Obtained From City
By ROGER BUDROW MORE COST-OF-LIVING FIGURES will be gathered
in Indianapolis by the National Industrial Conference board than it has been getting in the past.
The research organization has a representative in town, |. lining up more stores to send in prices on their merchandise: each month, to broaden the ¢overage and ‘make the figure|
=INDIA SEEN AS
more ageurate,
supported by members, and the government's Bureau of Labor Statistics. Their figures weren't very - far The C. 1. O's figures were laughed at by most experts as being obviously
Mr. Budrow clear out of
is 509% over Janu-
since January, 1839; clothing 26.3%; f fuel and light, 12% and sundries 17.3%. The 26.8% overall increase in living costs here, the board finds, is more than the U. 8 average of 241% and the 29% increase in the past year here is more than the U. 8. average of 2.2%. ” = .
INDIANA'S BIGGEST coal mining company—Ayrshire Patoka Collieries Corp.—sent out a report today that stockholders will like. Profits (in its year ended June 30) zoomed from $3.87 last year to $5.44 this year. In addition, a sales company was bought, working capital raised $425000, the bank loan refinanced and 6% bonds paid off :
Ayrshire, which has strip (surface) inines at Arthur, Clinton, Staunton and Winslow, Ind, and at Fairview, Il, beught 4: million tons of coal reserve last year, making more than 70 million tons of coal it has yet to mine, It is also buying in a downstate area Sonfaining deep coal veins, F J ” - ODDS AND ENDS: Florida citrus fruit and vegetable growers, whose crops were damaged by the hurricane, are trying to get OPA to take Off price ceilings. . . . Apparently it didn't do much damage to Cuba's sugar cane. . . . Brazil is shipping U, 8 one million bags of coffee beans a month from Septem- | ber to December, as per Bretton Woods agreement, staving off re- _ rationing. « + + Becrétary Ickes says “he fears the dencit In our soft coal production can't be made up this winter, . . . Becduse so many Russian troops are outside the Soviet, Moscow has had to fix local exchange rates for the ruble, perhaps marking entrance of the ruble into world exchange markets, observes Business Week. Heretofore, all of Russia's foreign trade has been done in the currency of its customers.
LOCAL ISSUES
BIG U. S. MARKET
But Goods Must Be Cheap Or of Highest Quality, Col. Boulton Says.
NEW YORK, Oct. 25 (U. P)—,
India offers a huge post-war market for American and British manufactured goods, but the articles will have to be cheap in price and able to compete with continental and
hi
to compete with India’s manufacturers, or articles, that by their supeior quality, will sell at the highest prices,
India has a 20-year road building program, Boulton said, to cost $1,-
$1,000,000,000 in the first seven years.
GRAIN PRICES MIXED
Nominal quotations furnished by Indl anapolis securities dealers, Bid Asked
Agents Fina Corp com Agents Fin ih Quip pid . Ru Ayrshire - . 14% Bai R Stk Yds com .. “© | Belt R Stk Yds pfd ... . i Bobbs-Merrill com . Bobba- Maerih 5 pid . x vers | Central Soys seat ants » | Circle ‘Theater 1 com ssennswann Comwith Losn 5% pid ' Delta Eleg com /... ... Electronic Lab on + Drug Co. Home TV ™ Waone *Ind ® A880 Tel 3% pid Gen
16% % pd 3 is
Indpis ein Fone #88 A com ....
JU 8. STATEMENT
. P.).—~Gov-
Oct. 35 (U . ent ses and receipts for the
current fiscal year through Oct. 33, com- P ckard
Last Yi
s Year . $29,880,063, 275 $27 810,003,086 | Penn
Expenses War Spendiry 21 038.004: 935 25,807,264,002 Recel Joes 12,114,069,520 11,823,319,363 Net Deficit .. 17,774,903,605 15086,683,693 Cash Balance. 11, 1215,860,757 20,606,072,679 Working Bal.. 10)452,990,811 843,366,206 Public Debt . 211,411,489,378 168.804,778,051 Gold Reserve. 30,727,267, 30 2.13%, sms
INDIANAPOLIS Ealing HOUSE
Tia
sanee Beers aRsRER ae
CaMcRsasTIALe NITE.
o ON ANYTHING »
Autos © Diamonds © Watches Jewelry o Clothing ¢ Radlos, ete.
GET BASH IMMEDIATELY
ON CHICAGO MARKET
CHICAGO, Oct. 325 taking following strong gains stem-
...;ming from reports concerning the
proposed advance in the wheat ceil-
{ing price to parity, on the board of \ | trade today, v a
At 11 a. m. wheat was up % to
...11%; corn unchanged to off %: oats ..{Ooff 3% to up %; rye off % to %, and i barley up % to %.
N. Y. Stocks
High Low ™ — % bE) asin 13 14%
YW is 1a 1
Wo. Pr—|% {Grain futures slumped under profit-
Net Last Change ..
ST. LOUIS, Oct. 33—The Curtiss Commando, the CW-20E, a low midwing 36 passenger plane, will go into post-war airline service, the Curtiss-Wright Corp. announced today. The Commando, which was
PRICES DROP ON PORKERS HERE
30 to 55 Cents; Others
Remain Steady.
The war food administration today reported the first change in hog
cents to 55 cents. The drop was a;
said. All other weights were steady with the top at $14.80 on 160 to 240pound good to choice hogs. Receipts included 10,700 hogs, 1175 cattle, 575 calves and 2300 sheep,
HOGS. (10,500) J is 2314 2%
GOOD .
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)[email protected] 4.000 14.05
14.00014.05 [email protected]
| 550 pounds .. 12.00013.78
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CATTLE (1175)
« 18,78
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18.25 [email protected] 13.75916.50 [email protected] « [email protected]
seve [email protected] » [email protected]
8.00911.00 esos [email protected] « 15.50016.7
«or [email protected] . [email protected]
[email protected] 7.35@ 3.75
10. 39115
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Sylvania Electric Products Inc. 9 months consolidated | net income $1,379,431 or $1.37 a share vs, $1,005,607 or $1.13 year ago.
> Medium— y 500 pounds dawn i tasiayaneve
: | Medium— 1g
¥ {Common to medium
Balls (all weights)
Beef Good (all weights)
[email protected] Sausage— a
Cutter and common CALVES (575) Vealers (all weights)
Good to choice : Cotbmon | to medium u Feeder and Stocker Cattle and Calves Steers
Chotce—
500- 800 dS ..iveesnseens [email protected] 800-1050 Pounds
sesssneecens 10. 10.80 svancescece 30. 11.7%
sessesssee 8.75@10.%
sesntrsse
Good and Cholce— 500 pounds dOWD ........ee.
| Good ‘and Chotce— | 800 pounds down
500 pounds dewn SHEEP AND
[email protected] LAMBS. (2300) Ewes (shorn) Good to choice ....... +h venae + 450Q@ 5.50 « 3.75@ 450
LAMBS ‘ { | Good and choice ........ wens [email protected] + [email protected]
| Medium and 1.95@ 8.75
LOCAL PRODUCE
15 007 breed Dena, 300, Leghorn hems,
B and roaster, A pg $ ou de ed springers, 23¢; leghorn springers, 3le. Eggs—Current ne receipts, 38¢; Grade A laxge, 49c; grade A medium, &4c; grade A sm.
120 to 160-Pounders Down
prices since Aug. 17, as prices on |
result of increased receipts here and | at other U. 8. markets, the WPA
16.50811.78|
[email protected] | 9.00011.38 |
THE INDIANAPOLIS TIMES
3
Curtiss’ New CW-20E to Go Into Airline Service
This forward view of the Commando fuselage shows (left to right) the food galley and seating arrangement.
“drafted” into military service three years ago just asit was about to make its debut as a luxury airliner, will include all the newest innovations in airliner construction, the company said. The CW-20E has a wing span of 108 feet, is 76.31 feet long and
CIVILIANS WILL GET MORE APPLES IN 44
“WASHINGTON, Oct. 25 (U. P.). «~The war food administration has announced that the
will be powered with two Wright Cyclone C-18-B2 engines and equipped with three-bladed Curtiss electric’ quick-feathering, con-stant-speed propellers. It is designed to take off and land on the average airport and has a maximum range of 1520 miles.
WILL BE DISCUSSE
be 38 pounds of processed and)
tresh fruit per person, an increase |
tion, | night at the Columbia club.
be amply stored with other processed the righting of the Normandy. foods, WPA said. Civilians will get|
per cent of apple butter, 99 per| during the salvaging. cent of frozen apples, 79 per cent
cider, $829,087 or $2.36 year ago.
Friends everywhere will tell y you: ' MORE PEOPLE GO TO CHEVROLET DEALERS FOR SERVICE THAN TO ANY OTHER DEALER ORGANIZATION... .That's another proof
thet Chevrolet dealers are—
SEE YO!
NORMANDY SALVAGE
civilian ang Scott Corp. will discuss engi-| share of the 1944 apple harvest Will] neering problems resulting from the | salvaging of the Normandy, before a meeting of the Indiana chapter of 13 pounds over last year but still| of the American Heating and Ven- | 10 pounds below pre-war consump- | tilating Enginers, to be held Friday
of apple jellies, 95 per cent of cider| Life Savers Corp. 9 months net vinegar, and 100 per cent of apple profit $857,007 or $2.44 a share vs.|Will be a blanket turning over of | these funds to the De Gaulle re-|
40S, BANKS IN PARIS TO REOPEN
Guaranty, Chase, Morgan And National City to
Resume Operations.
NEW YORK, Oct. 25 (U, P).— Paris operations. will be resumed soon by four New York City banks at the request of the U. 8S. army and navy authorities in Europe, it was learned today. The military authorities, it was explained, view the reopening of American financial establishments in the French capital as a step toward lightening the burden of army and navy finance devisions. The Guaranty Trust Co. Chase National bank, National City bank and J. P. Morgan & Co., Inc, have disclosed that they have applied for passports to allow their officials to travel to Paris and re-establish business there. Their action followed the state department an-
nouncement Monday that the: U. S. has formally recognized the De Gaulle administration as the provisional government of France. Morgan & Cie The Morgan French affiliate, Morgan & Cie, is believed to be the only Paris representative of a New York bank in a position to resume immediate operations. The staff of this bank is thought to be very much intact, and while it was allowed by the Nazi authorities to keep its doors open, no new accounts were received and the bank just marked time awaiting the city’s liberation. The Guaranty Trust believes it has some of its French staff available and is awaiting word from Washington to send over some of its officials, a spokesman said. The exact condition of the bank’s Paris property is unknown here. The Guaranty’s Paris office was closed {prior to the Nazi occupation and {what French operations were car-
(ried on were moved to Vichy. The Chase National revealed that N hag been getting ready for some | weeks in anticipation -of sending
A. C. W. Seicke, Merritt-Chapman lover a “Bicked crew” and a spokes-
funn said “it is now up to Washing-
French Funds Estimated Estimates of French funds held | {at the present time in the U. S., [ie gold and cufrency, amount to slightly less than $2,000,000,000.
All dried apples will be used by| Mr. Seicke served as representa- Of this amount, some $1,500,000,000 the army but grocery shelves should tive engineer for his company in is held for the account of the Bank
|of France and for other French
At the meeting, Mr. Seicke will banking institutions, while the re120 to 160-pouriders dropped 30 65 per cent of canned apples, 46! ‘also show pictures of the progress, maining $500,000,000 is the property | held by the Bank of France here
of verious French nationals and corporations, Bankers here do not believe there
Your
CHEVROLET
dealer offers you this vital, car-saving
RYE (1) Service Special”
FOR CAR CONSERVATION —FOR
5
FIRST
SERVI
Greek Inflation Makes -
Drachmas
'Pile of Pa
By GEORGE WELLER Times Foreign Correspondent ATHENS, Oct. 25.—A Greek beggar, his clothes composed of superimposed on patches, his head and legs bare to the wet, id rail of the coming winter, stands before & sidewalk merchant selling | a
by the bunch.
# a
From dozens of niches in the rags he wears, he : none being worth less than 1,000,000 drachmias, Finally, he Nu
hands full and offers the wad to the grape merchant. The latter counts the bills, then turns them back. They are not enough. ; The vagabond wanders on, his pockets full of paper money, his stomach still empty, In the first night club to open in Athens, La Argentina a Greek of means is buying a bottle of champagne for two British captains whom he is entertaining, to express Greece's exuberance that the last Nazis are gone and members of their firing squads themselves being hunted in the wild country between Parnassus and Olympos.
Banknotes Almost Worthless
The Greek host, when the bill comes, begins taking whole packages of fresh banknotes, still bound with paper from all his pockets. Soon he has a pile of money, fresh and new, six inches high. Tearing off the band from the top package, he begins counting out the money, chanting aloud like a tobacco auctioneer, With eyes dazed from watching flying fingers, the waiter watches as the host works his way down through the pile, unbinding and counting packet after packet. The waiter then brings a tray and takes away the sheaves of banknotes with much less eclat than he brought the champagne. The manager dumps the notes into a pile which, at face value in the pre-Nazi epoch, would have retired the national debt. He must begin counting early in the morning in order to determine how many trillions: of drachmas had been taken in,
Stabilization Plans Pending
Such scenes will soon disappear from the sorry panorama of Greece if stabilization plans now pending are carried out. The government's intention—not yet definitely taken but receiving favorable consideration—is to issue new stabilized drachmas at the vallue of 550 per gold pound, which {works out to about 20 drachmas to the dollar. The basis for the new issue would be the approximately 40,000,000 gold
gime, but it is probable the funds will be made available to that coun-
Up to Indi try as soon as various technical or-| sieves
[ders ean he issued by the French
government and by this countrys:
state and treasury departments.
’
LONGER CAR LIFE
A CE
ALL MAKES OF CARS AND TRUCKS
ORIGINATOR CAR AND TRUCK CONSERVATION
pounds nest egg which. the ment is said to possess in
Though this amount cover the new issue of drachmes would make a solid core.
Fluctuation ‘Wild
The Greeks count on expenditures by allied troops, plus the eventual renewal of immigrant remittances —which from America in good years used to total 8,000,000 drachmiss annually — to fortity the new drachmas. 1 Collaborationist drachmas are now fluctuating day by day in the wildest and most unpredictable manner, In the open bourse en Aristides st., the dollar was worth using gold pounds as the yardstick —150,000,000 drachmas, on Friday, Yesterday, it was worth a mere 40,000,000. we Nobody is’ making any forguna
prices, like that of food. in the hotels, are high. ;
Newell Named To Pennsy Post
James P. Newell Jr. has beent appointed general superintendén$ of Pennsylvania 1 ilroad’s southe western divisic: with headquare ters in Indianapolis, succeeding Walter O. Teufel, who has been advanced to general superintendent of t he railroad’s northern division,, with headquarters in Buffalo, N. Y. Mr. Newell w a 8 formerly freight erly cation. superins tendent of the western region with headquarters in Chicago. He was succeeded by Mortdn S. Smith, superintendent at Logansport;
WAGON WHEAT close of the
No. 2 white sh
a
Km,