Indianapolis Times, Indianapolis, Marion County, 15 November 1944 — Page 11

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WERNESDAY, 1 NOV. 1 1944 — -

1! WORLD CREDIT

CODE LAID DOWN

- U. S. Group Favors Private Enterprise Handling: .

Loans.

RYE, N. Y.,, Nov. 15 .(U. P)e= Atiterican delegates to the international business conference, fearing} _ a rush of requests from foreign busi= |’ nessmen for loans and credits, today laid down a code for extension of

investmehts in world enterprise. The trend of events at this conference has convinced some of the Americans that the foreign delegations want loans for all sorts of ventures. > Their views on the situation were crystalized by Wilbert Ward, vice president of the Nationdl City bank of New York and exécutive secretary of the Amegied delegation, Who said: "1 gither the impression, from what I hear at dinner and from the

quarters, the U. 8. delegates have gathered that to suit foreign tastes the dish that is in preparation at Rye will have to be heavily seasoned with U. 8. dollars.” About the same time, two mem bers of the American delegation— Edward Riley and Curtis E. Calder —laid down an American plan for investments outside the country,

7 Payment In Goods Sought

They held that credits were necessary in many nations but emphasized that these credits tia b he

Eli Tt Lily Names 8 Officers

R. M. Reahard , « «+ production. W. A, Hanley . . . engineering.

ba Eight officer elections and personnel changes in the production and merchandising divisions were announced today by Eli Lilly and Co. . Pictured above are Earl Beck, elected vice president in charge of industrial relations; E. S. Retter, vice president in charge of marketing; R. M. Reahard, vice president in charge of production, and W. A. Hanley, vice president in charge of engineering. Also appointed were C. F. Eveleigh as terasurer; W. M, Wheeler as secCretary; C. R. Miller, executive director of production, and R. H. Rhode

hamel as manager of package design and control. Other officers are

J. K. Lilly, board chairman; Eli Lilly, president; J. K. Lilly Jr., ex« ecutive vice president; C. J. Lynn, vice president, and N. H, Noyes, vice president,

THE INDIANAPOLIS TIMES

SEES DIFFICULT |G. E. Frowns on Synthetics i RECONVERSION! - Offspring, ‘Bouncing Putty’

. NEW YORK, Nov. #5 (U, P).—Forgive the United Press, chemists . of General Electric, for beginning this dispatch about the scientific Ayres Terms. Brief, Easy| miracles emerging from your laboratory with the full, unexpurgated ¢ : : story of sbouncing putty. Changeover Planning The excuse is that the public is going to want time to prepare itself . La for a trying post-war world where every kid in the land will be bounc‘Wishful Thinking.’ CLEVELAND, Nov. 16 (U, P).~— Americans who have accepted the {llusory idea that the purpose of

ing putty against sidewalk, fence and wall and bubble ‘gum will appear, in retrospective contrast,’ as having been no nuisance at all, Bouncing putty isn't putty. But post-war-planning is to preserve war-| it looks like putty and feels like time economic conditions after Vday are sheer wishful thinkers, Brig. Gen. Leonard P. Ayres, vice president of the Cleveland Trust Co., asserted today.

putty. You can mall it™4n your hands, pull it apart like taffy, But when you roll it into a ball and throw it at any bard surface it bounces back at you with the In his monthly Yusines: bulletin, Gen. Ayres stated that it was natural that we should want to retain or even increase wartime wage rates but at the same time we must

speedy elasticity of “a golf ball, Worst of all, it is practically inhold prices down to wartime levels or decrease them.

destructible—no matter how often you pull it apart, you can roll it again into a ball that will bounce— and in the dread post-war world it’s going to sell for 10 cents or so However, he defined as wishful thinking post-war planning which produces ideas like “flow of funds must originate with private enter|prise not federal treasury,” and

for the golf ball size, Silicone “Indestructible” Dr. A. L. Marshall, head of the|Vould be made “to equal that of “transition from full wartime production to full civilian output must be brief and uncomplicated.” «| the synthetic rubber, Silicone, per-

almost to its original size and shape, It can be moulded and extruded.. Used as a resin, it imparts to enamels a resistance to heat and cold heretofore condids ered impossible, As the chief in. gredient of lubricating greases and oils it emerges from long service at high temperatures only slightly impaired. The “bugs” are these, It has a low tensile and tear strength which makes it presently impractical for use in tires. And it is costly to manufacture. But E, L. Feininger, manager of Gi, E.'s resin and insulating materials division, predicted that the tensile and tear strength

at 300 degrees, it will bounce back |”

AIR CONFERENCE AT STANDSTILL

U. S., Britain, ‘Canada

> Continue Talks.

" CHICAGO, “Nov. 15 (U, P)— America, Britain and Canada have made “material progress” toward cempromising their widely diver gent proposals for regulation of post-war air commerce, a civil aviation conference spokesman said to~ day, Conference work was at a standstill pending outcome of the talks among Assistant Secretary of State Adolf Berle Jr; Viscount Swinton, British civil aviation minister, and OC, D, Howe, Canadian reconstruction minister. No progress could be made in laying out world air routes or in constituting an interim organization until the three countries’ proposals on regulation of airline fares, number of round-trips to be allowed between nations and traffic quotas

chemical section of G. E.'s research|Patural rubber in further research laboratories, won't like this intro-|ROW under way and that the cost duction to the first revelation of|°f Production would be reduced to that of other synthetics with mass fected under his direction. To him, Full Liberty Desired bouncing putty is a childish, irre Furthermore, he said, Americans|sponsible member of the family, want the wartime kind of employ-|G. E. wants you to know about the ment with good jobs for all de-

production, adult silicone. mobilized munitions makers and re-| From it a garden hose has been turned servicemen, but “with full| produced so close to indestfuctible liberty for everyone to choose the|it will give service for generations— job he would like to have.”

likewise tubing for automobile moAccording to Ayres, the decrease

tors and hot water bottles. And it in the flow of funds from the public| promises such a post-war miracle treasury, which will promptly result,

as automobile tires that will serve from terminations and cutbacks of | their owners a lifetime, but a few

THE THRIFT CORNER | OF INDIANAPOLIS

can be harmonized, it was said,

- PRE ar Chicago Grain

Prices Mixed 3

CHICAGO, Nov. 18 (U. PY

| Grain futures displayed’ a mixed Some Progress Reported as!

trend in brisk dealings on the board of trade today. Sentiment continued to be influenced by the rentoval of restrictions on the use of rye in distilling and an order today that corn in danger of spoilage might be.used. At 11 a. m wheat was up % to % cents a bllshel: corn off 34 to up %; oats off % to up %; rye off % to %, and barley unchanged to up %.

BUILD NEW AIR LAB AT CONSOLIDATED

SAN DIEGQ, Cal, Nov, 15 (U.P). —Consolidated Vultee Aircraft Corp. has started construction on a $500,000 aeronautical laboratory located on Lindbergh field here, the firm has announced. The new laboratory will consist of a wind tunnel capable of testing models with wing spans up to 10 feet at a maximum airspeed of 350 m. p. h, an air flow laboratory, a complete model shop and engineer ing office space.

munitions contracts following the|“bugs” will have to be removed 4 di ' Wade bik PUY Duce pb 4 ; defeat of Germany, will be about| first, 2 i dings Sone Way sk HOG M ARKET Kraft Names the tame 84 fhe Shrinkego 10 D&-| Jppung to Heat or Cold UE Payment could be made in goods, D | S . the peak of the prosperity in 1920 to| It's chief characteristic is- its n it was pointed out. In fact, this @/mQar JPICEer |ine bottom of the depression in 1082. [Practical immunity to extremes of WASHINGTON gr GA ria method was recommended on the LOWER HERE ! heat and cold which weaken natsos Wu theory that capital loans and in- Delmar W. Spicer, formerly | Predicts Complicated Transition . |.) ng other synthetic rubbers, It AND DELAWARE nu 1 vestments “are actually deferred im- supervisor of Kraft Cheese Co’s | He charged that the transition|retains its elasticity at tempera- . i : ports” with the “burden lying be Indiana production division, has |will be difficult and complicated, not | tures’ as low as 60 degrees below ; heavily upon the creditor to assure ( heen appointed general manager |brief, because the changes which| zero and 575 above Zero. ; Gr cA ria that any foreign loans and invest Prices Drop 5 to 25 Cents of the division, succeeding William |will be made in our economy will be oll My of hours 4 na ments made bring real economic ad-| on 160 to 400 Pound | A Xlepper, who was vevently of “huge proportions.” : vantage not only to the recipient elected presi- pees If government planners should ; GET country, but also to the country Porkers dent of Clover- maintain price ceilings or establish ; which exports the pial + Wad . leaf Cream-= new ones for articles not now in : af The Americans noted tha 2 : _| eries, Inc. the production or continue controls over : must be a two-way affair with this| Healy BOF Tels BL TOC company “an - installment,_buying, the transaction Buffalo country ready to receive goods from| oo "0 "150 to 400-pound porkers| nounced today. will be twice as hard, he said. . foreign nations, notably from its down 5 to 25 cents the war food ad-| . Mr. Spicer } | “Reconversion will be a slow and nix 3 ‘debtors so that:they can pay off ministration repo ried. Weights be-| has been with "sorry process if these ideas prevail,” 4 11S their loans. low 160 pounds were steady, Kraft since Gen, Ayres pointed out, “No one A : active with the top at $14.05 on 200| transferred knowing that his enterprise may eup The American group insisted upon to 270-pound hogs, early in 1943 to § any day be wrecked by a new direc- Potatoes Increase, a long of e Indiana di- tive from Washington.” te huis foreign loans. It held that private| RecelDts ircuded 14300 hogs, “powarg Mr Seleer |p irmore, Gen. Ayres said, Purdue Reports. “ enterprise must dominate and make sheep. ’ Floyd and P. Johnson will suc- |post-war demobilization from the - 4 senibar until * the loans, that foreign nations pro- ceed Mr. Spicer in supervision of [armed forces and from munitions Times Special 7 k Say- tect Susie Supits} and - property, GOOD TO CHOICE HOGS (14,500) the division's bulk cheese plants. manufacturing will total 14,200,000) LAFAYETTE, Nov. 15.~The ex- F sby, third- that there be a relationship beeen 120. 10 pounds iis vive $1230G1213 Among a number of new ex- men and ‘women, three-quarters of|pected corn yield in Indiana has in- 4 foreign investments, managemen oe Downe sersvseanane 1600 14% ecutive positions created by the |which will be concentrated in 18|creased to 176,244,000 bushels, a rise 5 fill answer and know-how, and that there be| js. 200 pounds 14.00 company is the appointment of [states and nearly half in seven from 37 to 38 bushels per acre over : and John local participation in equity capital| 200- 220 pounds 108 “William Corney, formerly with |states. the previously announced figure, the . ag Sellnack, of foreign investments. 240- 270 pounds 14.06 the Freeport, Ill, plant, as milk Purdue market news service re- 4 port to. te On the Subject of taxation, the} ui 3 Pounds iif | quality co-ordinator of the divi- | ported today. , Bik erousiaid down two carding} prin- ith 360 pounds .., ves 14.00 sion} Ted Boniface, ' acting as | Lo al M {i Favorable weather conditions dur- - —— 1 | the season “ The host country should not 1 0 210 pounds .....eieens 12.35@13. Suparvis an ( (7 In $ in jhe past vig 870 dala 0 have ec AN T E 8 Knees. to impose” ‘unduly burdensome 1AXeS| 5. 4 so choter HIRE Sows at Salem, Sullivan ‘and Summit- expected yield which is 84 per cent 3 the rest of on foreign capital or on its re- 370-300 Doupdh 1s1ovvsviris hang ville, Irid., and Ernest Leyh, for- : of the 1043 crop and 107 per cent of S I S T : turns, since os Jpn - : 138s 18.75 merly southwest divisional engi- Hancock Life Insurance the 1933-42 annual average, i imported ca aperate . v 3 - dis ’ J 3 tariff and tend to increase the [email protected] at ited tae uieisions = Indiana representatives of the aa Yitla Josptels Te ugues | <4 5 {fh price of all capital to its nationals, - 1350G13.65| Good progress in the enlarge- |JON" Hancock Mutual Life Insur-|o o4uction at g§ per cent of the 1943 TALKING ABOUT Ve i and may thus readily become a ‘[email protected]| ment of production facilities at | 27 CO: will open their 52d annual Sweet potato production is Go 1 deterrent to natural development : Marshall and Decatur, Ind. was | meeting tomorrow morning at Hotel SOT oc at 125 per cent of last : : A snd expansion. 90-130 Sholea [email protected] also announced. Es pas, 2 ps Lp Ligh |Y#X's crop. which 1s 35 per cent , | Levy No Toned Paris Gn : ye uke (yer than the estimate 3 month ! “3. The country in a position to pitt rs 1600Q1T.50 HOOSIER CANNERS Henry 8, Stout, general agent for | "6% ‘ : export capital should not levy ad- 200-1100 pounds iy i308 3, a3 the office at Dayton, Q, and presi~ Apple Prospects Improve { f ditional taxes upon interest, divi-|}300:1300 bounds se 16700103 dent of the John Hancock Semrel and pear production prosdads and earnings received {rom poe unds [email protected] 10 CONVENE HERE Agente’ Association, wilt iva She ects are slightly better than rei abroad. Such additional taxes re- 00 POUNDS +. vnvseessses [email protected] principal address at tomorrow's ses- ported for lpst month, while the duce or eliminate the incentive to|1100-1300 pounds ............. 13801678 | groogier canners will come to In- sions, expected production of grapes de- | foreign investment. The obvious 1300-1800 POUNAS ..veeeresesss [email protected] dianapolis tomorrow and Friday 10 Other speakers scheduled on to- artased, No change was reported and simple approach to this is the 1100-1306 pounds adsabaseneses jai map out plans for improving war- morrow’s program are John R. during the month in the peach | ; outright exemption of business in- | commons. tte 1 *ltime food production at the annual Jones, Indianapolis; far] ®, Hill. arop. , } come derived from foreign sources.” 700-1100 pounds ........ sees 85001100 | oo) meeting of the Indiana Canners man, Muncie, Sid Mahalowitz, In. Production of oats, barley, rye : . The conference nearing oonclu- Hettors association in the Olaypool hotel, | G2nePolis; Stanley B. Watkins, | ona" ssvheans is indicated at 9, 96, * TOYS have always been the symbol of Christmas to American sion of its deliberations was work-| 6oo- 800 pounds ........ce... IBGIM| por ooniatives of 150 Indiana Boston, home office group repre-|gg ang 91 per cent of last year's “childhood , , , they're traditional. LEADER'S TOY DEPARTing on eight items on its agefda, 800-1000 POUNGS «vsssearences 15.50016.78 orl os oll sentative, and Floyd E, Leeper, n, respectively Winter i : of i . : ] Conflicts developed hourly, but the| 600- 800 pounds ,............ [email protected]| Sonneries Ww annually produce | Plymouth. prude A rr sea MENT has for 27 years been proud of its task, of supplying ! general tendency Was one of ami. | 800-1000 pOBRAS ....ceecress [email protected] | approximately 15,000,000 cases of uction s a SANTA with the things kiddi t 8 able debate with delegates eager| 500- 500 pound [email protected] canned: foods will discuss how to LOCAL ISSUES 1% Iu Sy of I Yury op. ’ bi : 8 Jes yank : 1 . DAS cavsoseansece BO. » th - = - [JF to lay down thelr views for the aR PUD sioroions 1308 08 grease hie utgut of | SA amiominal quotations furnished by Indl ported. last re x * This is our third Christmas at war and we have less toys than we : 1” A eonruRY oN decord, Cows (all weights) lend-lease aid program. ne Bid Asked| = Pasture Condition Unchanged have ever had , , . yet you will find at LEADER'S, what IS to be 4 re —— tl 4 The conference will adjourn Sat- Sood 4 Kasssarasasa i sss uals Agents Fin CoTp 00M. .evsinse TH sires The yield of all tame hay is re- | fs : New York for Medium ili... Speakers for tomorrow afternoon |Agents Fin in Corp pid...iiivil, 90 110 had, at money-saving prices. E — urday and move to New for Cutter an snd common ... . a208 $a include Dr. John J, Haramy of In-|Arsbire Col seessases 18% '14'' | ported at 1.25 tons per acre, com- : Sha Savewsl] stssicn-an Manday. all vinbtes Who Will talk on “Which | Belt ® ste Yas i " » pared Wikis 16 Jon Jaeb year. Pas. | gal : + ; : fone " bs-Me: , ose e condition same as & CITY FUEL SAVING ood (al weghtn) cero 1000@1ao0 op oF SFOS Me J. Brenner of one bare $0vid 001 LL month. ag . BUY THEM EA % LY : GOOG. ypeprssssessss eersnnns [email protected] us Foods Distribution” and|cohosariher com. , 83 | Reports indicate that 800,000 cows : e 4 ; Medium 7000 iii 80g 350 Prim Rp i" ution, pd Comwith Loan 8% pid 19% | were milked during October, pro STUFFED PLUSH h COMMITTEE NAMED aw “Recent Court Decisions Affecting | Hook Drug Go som... ducing 370 pounds per cow, or a gi 3 Foods.” Home Té on ED) id total of 206,000000 pounds. The|k ' P o d 4 i Sess of & sana tt of. To cores anne dnc wif SEES 72 asia of tng ino ite anda and Money * if 2 eld ‘a m. tomorrow a » ol ficiency advisory committee in the | 7p ll, il oll od Cle "the Riley room. of the Ola | bis b&b oid ‘ity | mated at 800 eggs per 100 layers, i 1 area were named to- Steers with - elects YPOO Inaba Railways som or a total of 113,000,000 eggs proi day by Max A. Tuttle, recently-ap- UNS © hansesys 00 11.50@1275 morning, 0. teers Filing Tnadls Water Oisss A com... 18 isi duced in October. $ 98 1 | Pointed Soeoidinates, here. Robert 30 RG terinrasheens [email protected] Jeff Nat Life som Si a i in" RR ———. Soft and cuddly toys % They Robert IS +15 ines vod see - : . ‘Af Bidiack, J. 8 Bond, M. G. Butler, 4300-1000 1000 DOUDAS oerrrne sress 109881008 N, Y. S Lin a le Gm ras 3 i a $83,000,000 ORDER Toa = hildren love So ; 4 John T, Davis; Ray Howard, Ralph’ 00-1000 00 POURS y:iesnensers ST6010.00 tocks IB MalioH b%. FOR SUBS DROPPED ’ 7 Nessler, W. 'P, Bnethen, | CO CUndS 1.500 8.75 “Pub Serving 5% 108 Other Stuffed Toys 1.49 to 5.98 | y PP as aay rT . High Low Last Change Pub Serv of Ind com....... i a BAYONNE. J. Nov, 15 (U.P). wa . yo OB m Can... 87 81%: 81% BOM s soneany -— . has announced 3 The group will devote its efforts oh hy [email protected]| AT i a+ A Bo Ind O & 27 Som: vanes 20 108% | that the U. 8. navy has canceled BLACKBOARD and ERASER 7 saving fuel energy in the| 800 pounds down .......... [email protected] TF . 1 ="% SIOKeL) Divs MEAS crserrninne 5% 17% $85,000,000 of its contracts but that . a Yard 16d by Boone, Hamilton, Calves (heifers) + re ~ | Union Title 60m .......ysrees 3 28 rosa unfinished business is suf- Wall type with crayon for the $ 49 ‘ Mar- ands PRI | ] +) BONDS nt for about 18 months’ work. | n an ri : po snqin % tigers wince BR 04d | Approximately $83,000,000 of the young school age children. 2 Mr. Tuttle seid thet engineers| = SHEEP AND LAMBS (3000) + i8|Americtn Loan be 48: .110%0) 4 canceled Sonus was for sub- : 4 oto ¥ ; D "ours marines @ remainder for ow : po. / vallable ghost {40g 1 TR a a i 41. seers 01 |chemicals, i MAPLE FINISH LARGE SIZE ENAMEL FINISH K | ar = ait | @, E BUYS ELEOTRIO FIRM ROCKING CHAIR JL. 820 DOLL CRADLES i 1 i Jatin ad, ; 158 in 0 A311) W 0h PLAINVILLE, Conn., Nov, 15 (0. Give the little tot ish with nursery $ 49 Large size with solid end 4 j a dedicat |p) ~The General Electric 06. has a” cn SNYBL Saree on de rockers, ‘Pink or blue] , Sine Ss 8 Fann 10814 purchased whole stock interest in r own roc ' and end panels, finish, All wood construc- bi 1 WASTE UTILIZATION = 3c 80 the Trumbull Electsie Manufactur- Sturdily bullt, re f a. ¥ HR A ton Taw. 1 hs smnounce ’ 4 s 58 ane vieas . - Se 11 Ra “CONFERENCE IS SET : HE 19 # + en Ee. ¢ 2 | E CETTE 8-KEY BABY GRAND PIANOS _.. $149 a. ; 2 ASHINGTON, Nov. 4 _(U. P.)—Oov- p i JEL arate vn a ow +8 LOCAL PRODUCE ET 7% FERRIS WHEEL PULL TOY ow $198 Oo - y : Solifirunty 8 ‘waste an I es “ons, 930. taps sun | EF ith & Je : En ee i i market letter contains Hw ‘be. at Purdue ) + Brotlers, fryers ~E sy ; 3 100% + 3% " i : timely information on se- || university in co-operation with the | Nutkcfele J... EE na LITTLE TOTS wooD HORSE RIDER epee 3] 58 3 "a : ; | ; £omment on the general ton and other groups, on Wednes- ow 8 .. | quest ion ciate. 1 this type to be held in Indiana Bode: in XB CHECKERS — MICHIGAN POOL ] ‘|{among the speakers to address the rans Md ‘BACKGAMMON — CHINESE CHECKERS ; i] ol y ‘are James Emmert, Hoses. Pu go My y : pi: ne TM bend J ; — 9%