Indianapolis Times, Indianapolis, Marion County, 30 October 1944 — Page 6
~ Small Tobacco Companies Profit As Cigaret Shortage Hits Big Five
" THE CIGARET SHORTAGE IS A MYSTERY to any man who can’t find his favorite brand but can find all sorts
of new ones.
20,000 Porkers Swamp Yards; Only Half Can Be Sold Today, WFA Says.
Prices. plummeted when 20,000
The official explanation is fairly simple. More than 20 per hogs rolled ‘into the Indianapolis
cent of U. S. cigarets are going abroad to the armed services. ‘And many more are going to lend-lease.
©. Army is buying at a rate of
billion cigarets a year, enough ior a pack a day for every man and woman overseas. The navy buys another 10 ‘billion. And 40 per cent of our leaf tobacco is going into
lend-lease,
This means the
stockyards today. Only half of
them can be sold today, the war «© food administration reported. gan last Wednesday, prices fell 30 to 50 cents on 160 to 240-pounders, . pounds and 50 cents on his PULLS FAST ONE ier i soma” some i cents lower. ‘ The top was $13.15 for good to
WILMETTE, ILL, fies rier eee IL ' 09 Iss cents on weights over 240 choice 160 to 240-pounders. Re-
Mr. Budrow
cent of last yeai's volume for CamIt also is a break for the small companies which are trying
els.
to muscle in
territory, That they are booming is shown in the sale of 26 billion cigarets last year by these smaller firms, a 500 per cent rise in two years and still going up.
TALK IN BRITAIN is that the. old international tin cartel won't ' be revived after the war. Does that mean we are comnverting the British cartelists to our system of competition? After makng us, the biggest tin buyer, pay through the nose for - years, they now plan to ask us to join the cartel. worried about the tin substitutes. we developed during the war when we were caught tin-less.
ODDS AND ENDS: Russell Dunbar, cashier of the Peoples State Bank & Trust Co. of Sunman, Ind.,
is running ag
bétiker as a Class A director (banks under $200,000 capital) of the Fedefal Reserve Bank of Chicago. . Nicholas H. Noyes, Eli Lilly & Co. treasurer and vice president, is a cibéh to be re-elected a Class B di- Nominal quotations furnished b reetor (representing banks between |gnapolis securities dealers. y $200,000 and $1,000,000 capital) be- Bi cause he has no opposition. . . WPB expert, sent to Europe to learn AYispirs Ry com ... how electric power plants fared in|Belt R Stk Yds pfd.. battles, found they came out better 2 than transport or communications] Says the National As- | Circle Theater pr
systems. . . .
sociation of Manufacturers’ News: Delta Elec com. Reports are current in Washington |gook Drug Co co
Big Five (Lucky, Strikes, Camels, Chesterfields, Old Golds and Philip Morris) have to be rationed to dealers, as severely as 40 per
While Merchants Beam; It's a Gag.
. WILMETTE, Ill, Oct, 30 (U. P). ; —Any self-respecting ghost will put Wilmette on his Halloween itiner- 3 ary if he has any love for his work, because Wilmette definitely is getting out of hand. Good to Cholce— Merchants actually want their |270- 300 pounds ston windows painted. oh Cae In fact, store windows in this!360- 400 pounds Chicago suburb today looked like|S804=, ~~ the morning after Halloween and the’ merchants pointed to them with | e4%R= pride. They not only liked the garish pictures. They furnished the paint for them and offered prizes for the best cnes. It is “The Great Wilmette Hal- S-1io , Joween Experiment” and if it works, |1300.1500 pounds .. Haloween will be revolutionized. Good~ Knowing their ‘windows were 20-| soo-1100 hounds ing to be smeared up anyway, Wil- | 1100-1300 pounds .... mette merchants and the Chamber | Jog iy Pounds «= of Commerce got busy and cooked up a plan in which the storekeepers provide the paint and tell the youngsters to hop to it. Purely incidental, of course, is the fact that the paint will wash Cedar Falls, Ia., off. Soap, the customary material for steaking up windows the night the witches prowl, will not—with.|out excessive effort.
LOCAL ISSUES
edium— ) 160- 220 pounds on the Big Five's
Medium to choice~ 90- 120 pounds
Scarcely.
They must be
Commi »
Choice— 600- 800 pounds
800- 1000 pounds .... Medi
mmo “300: 900 pounds
Mediu tro od common .
Agents Pin Corp com...
Beef -A Agents Fin Corp pfd Goud 4 (all weights)
Yds com, Bobbs-Merrill com. . ... Soya co! | Good to choice Z| Common to medium
2 | Culls Feeder and Stocker
{ Comwlth Loan 5%
Electronic Lab com.
450- 550 pounds .....
700-1100 pounds ...cevss 1100- 1300 pounds «....e
700-1100 pounds .......
800-1000 pounds .....eee Good 600- 800 pounds .....
. . Y that ceipts also included 2200 cattle, 925 Kids Paint Store Windows cep sis te ep
GOOD TO CHOICE HOGS (20,000)
probAbly take a young lady ou an evening in Kunming and spend more than $7000. But if you do she can’t be blamed for putting you down as a tin-horn sport, and cutting you dead the next tim
A very modest dinner for two will cost $6000. Then to keep within the budget you must pick the closest movie theater, for the shortest rickshaw ride costs $200. The movie tickets will be $200 each, and incidentals can easily bring the total to an even $7000. Of course, if you want to try to make a hit by ordering a festive bottle of. champagne with dinner, the waiter will add $35,000 to your § check.
flationary living in wartime China.
1350| And for an American it's not like
Packing Sows
13.23@13. % + [email protected] « 13. BA13, 35
resenssnaes 13.25@1330
. 13.28 coernans 13.25 [email protected]
Slaughter Pigs
. [email protected] rv. [email protected]
[email protected] [email protected] [email protected] [email protected]
«+ [email protected] +s [email protected]
[email protected] 15.26 15.50
esses [email protected] ceesnsens [email protected]
16.78
500 00 pounds ...eeveccees 10.00913.75
[email protected] ey [email protected]
. ag. 5 sd sot 4. 6.50
Cows (all weights)
Bulls (all weights) seseenses DT5@I1L50
[email protected] Tha 8.50 6.00@ 7.50
CALVES (925) Vealers (all weights)
Cattle ‘snd Calves
the inflation in post-war Germany, where dollars would let a person live like a king. For the official exchange rate is 40 to 1, which makes the modest evening described above add up to $175 in American money.
Physical Problem
Money is really a physical problem in China. A businessman must hire a coolie to carry large bags of bills to and from the bank. Shoppers go through the streets with bundles of currency tucked under their arms. Children play with money in the. streets as American children play with jacks. China has more money than it knows what to do with. But its distribution "creates difficulties and hardships. Government employees and minor officials, clerks, teachers and railroad workers are still receiving 1942 wages, though living costs have risen 800 per cent since January, 1943. And their struggle to maintain decent standards is complicated by the fact that the black market, while not out of hand, continues to
16.50| Aourish, even though the govern-
ment has instituted a form of price control.
Black Market Flourishes
The U. S. army is getting the utmost co-operation from Chungking, but even so it has been forced to turn to the black market for much of its supplies. This is particularly true of items that cannot be flown “over the hump.” The {following prices, with their American dollar equivalent, are typical of what the quartermaster department has had to pay for black-market articles: Industrial alcohol, $1400 ($35) a gallon; 200-watt light bulbs, $350
This is a typical example of in- jus
Called Traitors for Asking Less Military Training For Workers. By PAUL GHALI
Times Foreign Correspondent BERNE, Oct. 30.—Five German
| industrialists, arrested Saturday by
Coolie is hired to carry bales of paper money.
($8.75) each; typewriter eraser, $600 ($15); coffins, $9500 ($237.50); com-~-modes, $11,000 ($275) ; 300-pound bag of cement, $7400 ($185); 2-inch nails, $55,000 ($375) a keg; pair of half-soles, $350 ($8.75); galvanized iron wire, $200,000 ($5000) a ton,
Future Settlement
On the other hand, the government exercises a rigid price control over such things as vaccines (all of which are made in China) and sells them to the army for $32 a unit. Incidentally, sno actual payments are being made for army purchases from the Chinese government. They are currently charged against some sort of future settlement, while money advanced to the army finance department in China is being put on the books.
Opium Fight Aided
Perhaps the one redeeming feature of China’s inflation is the fact that it is aiding the government. in its fight against the opium traffic. There has been a high percentage of addicts .in the Kunming sector, but prices have put the drug out of reach of all except the very well-to-do. Commercialized vice also carries a prohibitive price tag. Even drinking is a pastime that few can afford. Champagne is the most expensive. But scotch sells for 30,000 Chinese dollars, and a bottle of bourbon is $20,000. That means $730 and $500 American—and a potent argument for moderation.
the gestapo, will be tried as traitors by the people’s tribunal, it is learned here today. They ére accused of attempted sabotage of Germany’s war
names of several Cigrman factory owners, that the new volkssturm (home army) measures should be modified for the benefit of their
: | workers.
These “plutocrats” also demanded further deliveries of the Swedish
iron ore needed to manufacture :|steel and reserves of which are al-
most exhausted, it is reported. They also described the lack of-imports of Hungarian bauxite, which amounted to 600,000 tons before the Hungarian crisis, as “catastrophic” for production of certain airplane parts.
“Didn't Comprehend”
It is said that during the meeting which followed the reception of this businessmen’s memorandum the discussion grew so heated that the Nazis ordered all five industrialists arrested due to “their incomprehension of the situation.” The following day .the Munchner Neueste Nachrichten wrote: “Everyone opposing the mass levy of the German nation ‘is a traitor and deserves to be hanged.” The argument of the German businessmen was that “popular mobilization cannot be achieved without drastic reduction of working hours.” The, workers must work 60 to 72 hours a week. If they are to receive military training, adding to this strain, their output will be reduced and production diminished.
Co ht, 1944, by The Indianapolis Times pyne d The Chicago Daily News, Inc.
SOVIET TO PURCHASE STEEL MILL IN U. S.
NEW YORK, Oct. 30 (U. P). — Soviet Russia is planning the purchase in the U.. 8. of a complete steel mill with an annual ingot capacity of some 8,000,000 tons, the magazine The Iron Age disclosed today. The Russians, the journal said, have not yet placed orders for the mill, but are securing data and bids for the plant. The Soviet Union, through diplomatic negotiations, recently was
By FREDERICK C. OTHMAN United Press Staff Correspondent WASHINGTON, Oct.. 30.~—~The U. © treasury went ito the wholes sale pigeon business today. The trouble is the army bought a few hundred thousand pigeons for
These birds, plus thousands of other items, already are the market, the stock is ge bigger by the day, and the boys [but he was preoccupied, have opened a sample room. They aout, thess pigeons.
£5 EE tl i an TOM QURDIIG SALE IN STATE SET
If you want the makings of a squab dinner, a medium-sized box of tissue handkerchiefs, a yellow danger sign, a rubber life raft with collapsible ' bucket, a fly swatter or a billiard ball, you'll have to wait a while and do business with your dealer. The treasury is making every effort to sell war-time surpluses through regular channels of trade.
Bull Seling Boles ing conducted by the Defense Plant The federal salesmen ran into one Corp. with the assistance of the tough one, consisting of a carload county AAA committees. : or so of nickel silver alloy spurs, or| A third sale will be held Nov. 17 horse accelerators, but that worked [at Goshen. out’ all right when the Heigh-Ho| On Nov. 8, a sealed bid sale of Siver radio program snapped up{100 farm trucks will be held for 25,000 pairs. Indiana farmers at the naval ame Size of the stock pile are enough|Mmunition depot at Burns City. to make you blink. ple 27 enough Only farmers who are able to get bari. vihou the bolo. Th ceriitler Indiaing ned, fom treasury has 100,000 and thinks they| 0 bidding . . would be fine for electricians to g .
eT ot ther waver. for ws| PHILADELPHIA. BANKS PLAN CREDIT POOL
masks, which sold quicker than you could sneeze, for handkerchiefs. Then there is the matter of the HILADELPHIA white helmets for drum majorettes. N group of oe er: Remember when you were an air{...° the formation of & raid warden and you wanted a WIS $10,000,000 bank credit fund to prohelmet worse than anything? Wi additional source credit sir, the treasury now has 330,000 Jide an of white helmets, which nobody wants. It'S advertising them as being suit- Evan Randolph, presi able. for drum inajors of both sexes, lo Philadelphia National tree as gifts. 1% using mine for an tee organizing the group has ane ash tray. wu | nounced. = - Make It Prettier
Those 12,000,000 zippers ought to] U.S. STATEMENT
sell in a hurry, but I don’t know Oct. 30 (U. P).—Cove
ho ds = t expenses and for the who'd want 800,000 poun of talc, rhment een : : 324,582 reams of yellow telegraph [= with a Ra ago. n
blanks, or 476921 mosquito - bars, This Year Last Year though the advertising department War Spending 28.320,927.711 26,819,960,
a 3 132,197 5 says these latter would be fine fOr Ree" Bnicit' 1600L10C118 16838813:
the baby’s bed in the back yard. | Wasking, Bal. : g 2EST 08758 (Dose278 971
tse, where there sie uo Wlegtaph_wires. 413 You Kuaw plsets ‘They
if of
;
|
oF Njg =
¥ a
official circles that Harry Hopkins Home TRL on 7% pid. will direct—from behind the scenes|mg den Serv. 1s —the disposal of an estimated $40 Indpls P & L pid billion worth of surplus property po P&L oom abroad, just as he has directed, also Indpis Water pid.
from behind the scenes,
granted authority to buy machine] The experts got their clutches on gold Reserve. 30.736.302.00¢ 22'132.433.76% tools in the U. S. at the rate of|500,000 yards of sheer Bemberg yard $10,000,000 monthly for a 12-monthigoods, which was fine for making period. : dresses, except that it was a dirty!pesit
. Steers Cholce— 500- 800 pounds ......
cesses [email protected] 800-1060 pounds
500- 800 po ssssesnss 10. 105 800-1000 pounds ..cccoesesees 10
GRAIN PRICES MOVE IN NARROW RANGE
Gl's Fran(c)kly Favor Inflation
our $30{Jeft Nat Life com
billion (thus far) lend-lease pro- . . . Ex-WPB Boss Donald Nelson is reported slated for some
gram.”
foreign trade post.
Tee 108 . : Indpls Water Class A'com s Medium 5 17 500-1000 POUNAS cesececessees 8.75@10.%
Common 500- 900 pounds ......ccveae 1.50@ 8.78 a Calves (steers) Good and Choice— 500 pounds dowm . Medium—
Lincoln Loan Co 51% pfd’ ‘ee *Lin Nat Life com 4 P R Mallory 42% P R Mallory com
Pub Serv Ind 5%. . . Pub Serv of Ind com ..
CHICAGO, Oct. 30 (U. P). — Grain futures moved within a
narrow range with wheat independently firm on the Board of Trade
Times Foreign Service LONDON, Oct. 30.—A couple of American soldiers started their own personal inflation wave in France several weeks ago, but it
Progress Laundry com. ‘Ross Gear & Tool com. *So Ind G & E 4.8% "Stokely Bros br pf.. sess} United Tel Co 5% ..... 000000. Union Title com ..........40¢
500 pounds down Calves (heifers)
Good and Choice— Rl pounds dovD ......s
today. At 11 a. m. wheat was up % to «ese. [email protected]| 34 cent a bushel; corn off 3 te up %: oats off % to %; rye unchanged to off %, and barley quoted up %.
N. Y. Stocks
Last he wASY Ves EECsel, MiMacy RE CIE hr E 38 red wheat (other grades on their merits); Am Water W.. 8% Ya
Anaconda : oats, No. 2 white or No. 2 red, testin 83 Armour & Co.
is over today, They captured a German army finance unit and somewhere around 1,000,000 Naz - printed francs.
Forgetting restrictions in the presence of such exciting plenty, they stuffed it in their pockets and kits, and began passing out 1000-franc notes to their buddies | as souvenirs. SEE One was wounded and evacuat- | 3 Lore ed to a U. S. army hospital in | Lo tA England. The nurses nearly | i fainted when the happy warrior | pressed bundles of bills on them
WESTINGHOUSE UNIT CONTRACT RENEWED
DETROIT, Oct. 30 (U. P).—The| 0 wingw RR + Westinghouse contract for opera-|American Loan 5s 51
edium— 500 pounds dewn SHEEP AND LAMBS (2400)
Ewes (shorm) Good {o” choice Common to medium LAMBS ‘|Good and choice 84 Medium and good ... . Va COMMON: ai ivarrsvasssnse aya
: American Loan 5s 46 tion of the naval ordnance plant |,“ "com Bldg 4%s 61 at Centerline, Mich., has been re- ; Conso 58 Adm FH Ind Asso rel Co 34s 70.. houncement by + GP. Hus I va Co 5s 61 sey Jr. chief of the bureau of |Indpls Water Co 3%s 68 High Low Kuhner Packing Co 4s 54 be retained in peacetime as a per-| Muncie Water Works 5s 6. manent naval shore establishment. |y 1a Tei alas 55 Pub Serv of Ind 3%s 73.. nance plant a year ago when the | pichmond Water Wks 5s 517.. navy’s contract with Hudson was
or better, 64c: corn No. 2 yellow
Citizens dna Tel 4%s 61 newed for another year. An an- 50 Indpls P&L 3%s ordnance, said that the plant would | Kokomo Water Wks 5s 58 N Ind Pub Serv 3%s 73........ ia Up ¢ n 21 Westinghouse took over the ordPub Tel 4'28 55 discontinued.
Trac Term Corp 58 57 eat 94 | ibs. |U 8 Machine Corp 5s 52.
shelled, old crop. *Ex~dividend.
, $109% per bushel, and | No. wv white shelled oid erop, $i. 24% Ya.
STATEMENT
by RED CARB, Ine.
It is our desire to make this company’s position very clear in the matter of overcharge complaints that have recently been the subject of newspaper publicity.
The policy of this company always has been and will continue to be one of welcoming any complaints of service or charges and to make any adjustments that are in order promptly.
We have been faced with many problems in carrying on during the war period which probably is of no particular interest to our patrons except that we have met these problems successfully and have as a result been able to maintain Red Cab service to thousands of ‘our good friends daily. Wartime limitation of equipment, parts, manpower and gasoline are among the many difficulties we have been faced with.
The so-called “double-up load” program introduced by the Office of Defense Transportation to provide transportation to more people has been a rather troublesome problem to operators. It has resulted in inconvenience to some patrons and has caused us some complaints which we sincerely regret. It has, however, resulted in a much larger number of people being handled than would have been otherwise which has been a distinct asset to the war effort and we can’t quarrel with that.
The Red Cab Company maintains constant supervi=sion over its driver personnel and equipment to see that the public is handled satisfactorily. A supervisory force of 14 men is required as the work is carried on 24 hours a day, 7 days a week. A large number of Red Cab drivers have driven Red Cabs for many years. While we have had some complaints we have also had many words of
commendation of their careful and considerate handling of passengers.
We are looking forward to the post-war period and have in mind a number of improvements. One plan . which undoubtedly will be realized will revolutionize taxicab service in this city.
- Over a period of 15 years Red Cab has continued to grow to the position of leadership it now enjoys. Public confidence alone has been responsible for that growth. It
& h our sincere desire to continue to justify that confidence.
Atchison ...... 3% Bald Loco ct . 3, : | Beth Steel Ya Borden vie 33 " Borg- Warner . 4 4 3% | Caterpillar T. Ya !Ches & Ohio .. Ya hilas as ve 3s | Curtigs-Wr ‘ 6 . | Douglay Airc s Y% {Du Pont . : 54 Ye | Gen Cigar pf. 1% Gen Electric Ys {Gen Mills | Goodrich | Goodyear Prsan | Greyhound cp. Ind Rayon . Int Harvester. Johng-Man ..
I
HELL:
Ye 3 a Ve Ya
as nonchalantly as if he had been dealing a hand of bridge.
other fellow,” showed up in the hospital, and recovered most of the currency, made a mental note to tighten up on restrictions, and bestowéd a hearty reprimand on the generous G. I. But he had already had more than his money's worth of fun.
Th Kennecott . 3
Lockheed Arefs, Martin (Glenn) Nash-Kelv .... Nat Biscuit ... Nat Distillers . N Y Central .. Oliver Farm Eq Packard Pan Am Air .. : Penney wise) Penn RR re Phelps Dodge. .. 2 Procter & G .. §
JALPEIR eri ol) 0),
tet
Servel Inc .... SocWavuum .. South Pac ... Std Brands ... Std O Cal .... Std Oil (Ind). Std Oil (N J). Tenn Corp : 20th Cent Fox. U 8 Rubber ... es 'U 8 Steel ..... Jp. Yh {Warner Bros .. a Va — Westing El ... a /a 1 | Zenith Rad.. 40% Ve 40% ..
LOCAL PRODUCE
wn breed hers, 22c. Leghorn hens,
fryers and roaster,
CT LIELLL 4
1 rollers, under § bs, white and barred rocks, 25c; colred springers, 23c; leghorn springers, 2c. Old roosters, l4c. Eggs—Current receipts, 38c; Grade A large, 49c; grade madiv um, 44c; grade A small, 20¢c; no grade, 3 Butter—No. 1, B0c. t9c; No. 2, 36¢c
BUSINESS AT A GLANCE
Anchor Hocking Glass Corp. 12
8c. Butterfat—No. 1,
months ended Sept. 30 net profit:
1$1,857,766 or $2.35 a share vs. $1,571,265 or $1.95 preceding 12 months. Indianapolis Power & Light Co. 12 months ended Sept. 30 net income $2,151,701 or $197 a share vs. 1 $2,125,404 or $194 preceding 12 months.
DAMAGES COST $355,000 NEW HAVEN, Conn. ‘Oct. 30 (U. P.) —Approximately $355,000 was | spent by New York, New Haven & Hartford railroad in repairing damages caused by the hurricane on Sept. 14, the carrier has revealed.
ALLIS TO SPEAK ‘Frank Allis, personnel director of the Guide Lamp division of General Motors, will speak at the Industrial
'of alsike clover.
Fopyright; 1944, by The Indianapolis Times d The Chicago Daily News, Ine.
{STATE HARVEST OF |
A total of 388,000 acres of re
2 | seed, principally red clover, has been a harvested by Indiana farmers in the v, | past season, in response to the gov-
ernment’s request for a greater seed
4 |harvest to aid the U. 8. and allied « | countries, according to L. M. Vogler,
chairman of the U. S. department
* |of agriculture war board.
The gain over previous years rep-
® resents an approximate 50 per cent
increase, Mr. Vogler stated. In
a | quoting reports from the bureau “lof agricultural economics, he said
that Indiana farmers had harvested 338,000 acres of red clover seed; 14,900 acres of alfalfa; and 3900 acres Others included in the total were harvests of lespedeza, brome grass, orchard gras and hay crops. The seed is now being. recleaned and tested so that the harvesters may qualify for the federal payment of two and one-half or three and one-half cents per pound for
{seed saved.
FORD GETS NEW GLIDER CONTRACT
tion of 2000 additional troop-carry-ing gliders for the army air forces has been awarded to the Ford Motor Co.'s Iron Mountain plant, company officials here revealed.
by December, 1945, Ford, the largest single producer of gliders, will have built “more than 5000 of the ships.
SET UTILITY MEETING
The 1945 Indiana section conference of the American Water Workers association will be March 15-16
ence Adams of New Albany, wsility
: SUD SURLEAN, SR
Shortly, some intelligence offi- | cers who had already located the |
SEED UP 50% IN "
DEARBORN, Mich., Oct. 30—(U. | {P.).—A new contract for construc-
With completion of the contract
at a location yet to be decided, Clar-|
all doors and windows.
There is going to be
of bituminous coal will
alike!
How +o keep a house from catching cold!
NE WAY to keep a house from get- -§ ting cold is by weatherstripping
cracks that let cold in—and heat out.
of coal delivered to homes this winter. Not because less coal is being mined. It is estimated that 29 millions more tons
year than last—with fewer men. Quite a tribute to mine owners and miners
There are adequate rail facilities for hauling the coal to your city. But certain grades of coal are going to be greatly ip demand for war production. And your coal dealer is handicapped bya shortage of manpower, trucks and tires. So be patient with him.
Little, common-sense precautions can
Save. Coal — and Serve America
make your coal pile last 109% longer— and save that much on your fuel bill.
Closing up the Such things as weatherstripping,
cleaning the heating system, closing off unused rooms, firing carefully, and drawing your shades at night can help to keep your family snug and warm.
One of the biggest jobs of the C& O Lines is hauling coal from the ‘mines along its routes, so we're in a position to understand the problem, and to know how essential coal is these days.
some shortage
be mined this
’ . . Chesapeake & Ohio Lines CHESAPEAKE AND OHIO RAILWAY NICKEL PLATE ROAD PERE MARQUETTE RAILWAY