Indianapolis Times, Indianapolis, Marion County, 20 November 1944 — Page 8

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BUSINES

Pristine, By ROGER BUDROW THE POST-WAR PLANNING OF G. L.'s, as shown in|

Poll Shows Half of G. I.’s Want to Work 4 j For Themselves After They're Discharged i;

a sample poll, shows that about half of them want to be in| [VS

business or farming on their

The army service forces ques- | tioned 1000 men in nine camps over | the U. 8. Although one-half have vague plans, only about one in 10

are sure what they'll do. that Pamper, per cen to buy ioe per cent to go into business, and 4 per cent intend to return to the farm or business they left, What the remainder will. do naturally depends on what the situation is when they get out of the army. The army has a lot to tell those who yearn to start their own businesses. If you run your own business, you working longer hours, for example. The average of the man who works for himself is 46, showing that at least in the past, it has taken experience and capital to start a successful business. And a lot of new businesses fail in their early years, The army's advice to ambitious G. 1's: Starting you own business is 0. k. but it's no bed of roses.

Mr, Budrow

~ ” ” HERE IS A LETTER to the army newspaper, Stars and

Stripes, regarding the article it carried on the monogrammed waffle iron which Bill Garstang, of Electronic Laborators here, has patented: “Dear Stars and Stripes, You have a swell paper and some good news. But for ch «--- sake keep monogrammed waffles out of it; you surely must have some other mews to print other than that. If we had that inventor here in the ETO (European Theater of Operations) we would keep him busy night and day trying to make some of this work easier. You still have a good paper but keep the waffles in the kitchen~Cpl. Don Hanlon and Four Disgusted G. L's. ” - »

ODDS AND ENDS: The Weatherhed Co's plant at Columbia City, Ind, has won the army-navy “E.” + + + Monon railroad’s profits this year are falling behind last year; they were $967,000 in the first nine months against $1,461,000 in that period last year. . . . American General Corp. sold 3300 common shares of Stokely-Van Camp, Inc, last month, reducing its holdings to 94,318. Proof that some people are hoarding money is seen in the aftermath of that Cleveland fire; claims for $12,000 have been made by 12 fam {lies who had ashes in metal boxes to show the Federal Reserve bank. Other families who had their money stuffed in a mattress or cigar box couldn't make such claims, having no proof as required, and there were 100 families in the burned out area,

WPB MAY RETAIN CONTROL AFTER V-E

WASHINGTON, Nov. 20 (U, P.). ~The war production board may retain some of the controls over civilian manufacture which it had planned to scrap after a German - defeat, because it now fears that a sudden switch might upset the cell- | ing price structure of non-military | goods. Most of the restrictive orders which may have to be continued after V-E day apply to textiles, the WPB said. Wholesale dropping of civilian controls, as planned by WPB, might puncture the maximum price structure at several points and weaken the entire system, some government officials believe, WPB Chairman J. A. Krug is studying the whole set-up with office of price administration. officials and is expected to make a decision soon.

WPB originally planned to revoke |

350 of the 500 restrictive orders on V-E day, but it is expected that many of the 350 orders will remain |g, on the books.

WLB OK’S 50-CENT WAGE INCREASE

WASHINGTON, Nov. 20 (U., P).| ~The war jabor board has raed) that elias may incfease wag rates up to)a minimum of 50 - an hous without obtaining board

it employers could raise Wages only up to 40 cents without ~/ going to the board for permission. Raises between 40 and 50 cents were customarily granted, but em~ ployers had to go through the timeconsuming effort of filing applica

own hook after the war.

"IN SURPLUS ACT

ion in \ Realty Disposal

Law Is Predicted, But Not Soon.

By JOHN W. LOVE Scripps-Howard Staff Writer

WASHINGTON, Nov. 20.—Peoplé

| who feared the government would

throw suddenly on the market bil- { lions of dollars’ worth of real estate

at the end of the war may as well!

quit worrying. Conflicts in the program for mov-|

all be worked out for years, even if the war should end next week,

|including help for veterans and | small business, and they are already | getting in one another's way. Apparently the law will have to be revised, but there is no chance of this occurring in the present congress. In the meantime American industry is shaping its plans to build $450,000,000 worth of new plants in 1945, all privately owned, according to war production board information. Most of these projects are contingent on the collapse of Germany, The size of the private building budget on the industrial side is greater than at any time since the war began. On the other hand the government's own industrial building program for next year —provided the war lasts through 1945—is down fo $100,000,000, the lowest figure since 1940,

Delay Would Cut Market

Government agencies will have about '$7,000,000,000 of industrial properties on their hands at the end of the war, and if the conflicts in the program of disposal could be ironed out in time, some of these could be sold to those industries which have large plans for immedi ate post-war expansion. If serious delays occur, the government would miss a valuable market. Arguments over the purposes of the law appear to be holding up the appointment of the three-man board which is to take over the management of this problem from W. L. Clayton, who is to retire as surplus war property administrator. Its members were expected to be Sam H. Husbands, president of the Defense Plant Corp.; Col. Joseph P. Wodtllock, Mr. Clayton's assistant, and James Shepherd, a Onlitoraia lawyer,

"N.Y. Stocks

Net High Low Last Change Am Loco ..... 2% 21% 22% + % Am Rad & B8. 11% 11% 1Yy — ¥% Am Roll Mill... 14 14 14 -— Ay Am T&T ..... 164% 164 64 + hh Am Tob B® 657% 65% 65% — % Am Water W T% 73% TT + Anaconda MY 27 an -— Armour & Co 8% 55% 8% — Ya Atchison ...... 61% 67's 6T% ... Bald Loco eof,, 33% 23% 28% .... Ben Ind Loan.. 103% 19% 19% 4 Beth Steel 61% 60% 61% .... Borden .. oy 333% MY ~~ Y Borg- -Warner .. MB ATL AT, — Yh [Caterpillar T.. 47% 47% 47% .... Ches & Ohlo... 47% 47% a -— YW Curtiss-Wr ..,, 6% 6'y 6% + YW | Douglas Alrc . 468% 48'; 46'f — Du Pont ver. 158 158 158 + % Gen Electrio . » 38% "oes Goodyear ...... 46', 46% Ya grvhound Cp. 19% 22% 2% i Ya Ind Rayon .... 36 38% I cave Int Harvester , 3% kid M% + % Johns-Man .... 96 08 ere Kennecott .... H% 3» “ese Kroger GC & B.,. 31% 31% 31% + % Lockheed Alreft a 21 NY 4+ WY Loew's ........, TIVe 13 + % Martin {aitna) ai, NY NAW 4 3 Monsanto pf C.110 110 110 + Nash-Kely ,... B 4% W% — % Nat Biscuit ..., 23% 23% 23% ~— 4% Wat Distillers , 38% 35% > 88% + N Y Oentral .. 19 18% 18% — Niiver Farm » Sd 24 24 - YW Packard “ a 5% 8% .... Pan “Am Alr .. an 30% 3% + % NYY oie «198% 108% 108'% .... Penn RR Ww 20% 9% ... Phelps Dodge... C23 23% 1% — 4 Procter & G .. 86% 086%, 866% ~~ Y% Pullman .. ... 41% 46% 48% — 4 Pure Oil ...... 15% 16% 156% — Repub Sti Go1THROIT ITM - ha Reyn Tob B ., 31% 32% 3% — % Servel Inc . 19% 19% 10% .... Socony- Vacuum 13 12% 13% .... uth Pac . Ye 12 3% + % std Brands ,.. 28% - 28% 28% .... Btd O Cal ... 36% "38 36 “ane Std O11 Ind) , 33% ‘3336 33% + W Std Oil (N J).. b¢ 53% 53% =— ¥ Tenn Corp 10% 10% 10% .... 20th Cent Fox. 256% 25% 28% ~— W U 8 Rubber . . 47 47 47 + W g a cee] teres 66's B56 6% + Bro 12% 12% 121% —- % | Westing El ...103% 103 03 -— Ay | York Corp .... 123% 12% 12% 4 & Zenith Rad ... 31% 371% 3% + %

BUSINESS AT A GLANCE

By UNITED PRESS

Distillers Corp.-Seagrams Lid, and ”

subsidiaries fiscal year ended July 31 net profit $11,436,782 or $6.12 a share vs, $10,039,503 or $5.28 previous year, Federal Screw Works nine months ended Sept. 30 net income $209,402

tions and waiting for the board to or $1.30 a share vs. $205,606 or $1.83

act,

year ago.

AUR <

. Blended Whiskey 86.8 Proof

neni Spirax

CONFLICTS SEEN

| | | | | |

‘MONDAY, NOV. 20, 1944

Here Is an artist's conception of sections of the Pe 377, which will be the post-war commercial version of the Jap-blasting B-29, At left is a cross-section showing the two-deck feature—tpper used for

day passenger seats convertible into berths, and lower a dining room and cocktail lounge.

Right drawing

shows how seats are converted into uppers and lowers. The plans will have 36 berths and the cabin will be pressurized for flying over storms,

A 10-cent advance was made here

ing these properties are developing (today in hogs weighing between 160 market was fairly active. Receipts so rapidly it is doubtful if théy can|and 270 pounds, the war food ad-|included 12,500 hogs, 2000 cattle, 750

ministration reported. Prices in

|other weights were unchanged from Too many objectives were written | Saturday. into the surplus properties disposal| act. About 20 were set up as guides, [=

The top was Su. 2 for good to to

PARLEY SKIPS CARTEL ISSUE

But Business Men at Rye Do Agree on Several

Major Points.

By ALLEN HADEN Times Special Writer

WASHINGTON, Nov. 20, — The international business conference, which concluded a nine-day session at Rye, N. Y. Saturday, has provided a concensus of business opinfon which will go far to help determine whether there is to be economic war between the free enterprise system and the govern-ment-controlled system, after the peace, or whether the two will contine their co-existence. That fact must not be lost sight of despite several serious blanks in the conference's achievements, or shrugs and grumbles by certain United States government sources which, with coughs, say plans are still vague. Americans Lead

Big business, talking in terms of imports, in terms of “dedicating it-

tem of economic unity,” was the biggest news at the conference. And it was made by the American delegation, Organized and sponsored by the National Association of Manufacturers, the U, 8, Chamber of Commerce, the International Chamber of Commerce and the Foreign Trade council, the conference included men from 52 nations, representing the most powerful and numerous business associations in the world. The principal points agreed upon are: 1. Free enterprise as distinct from government ownership or government competition with private enterprise. _ Against Quotas

import quotas, embargoes, etc. 3. Formation of an international business office to attend to the needs of international trade, much as the international -labor office

"| solicitously watches over labor:

4. Admitting the need for government controls in a general way to prevent abuses and of basic responsibilities of business in connection with such things as social security, falr practices, ete. 6. Stable currencies, some kind of gold standard—perhaps a modifled, agreement on a single system of weights and measures, preferably the metric system, ete.

Good ‘Rehearsal’

Two glaring failures of the conference were: 1. Pussyfooting disgracefully on

tions men at Rye tried to explain that "controversial subjects would not be insisted upon, which only underscored the part that the businessmen of the world are in favor of the cartels in which “I had company” are interested. Thereby the businessmen lay themselves wide open to broadsides by poliuals. Rye cut corners on cartels, 2. Igorning the matter of consumption and distribution. All conference talk revolved around pro-

except vague “higher standard of living” platitudes concerned themselves ‘with distribution and consumption, Despite these serious blanks, this conference wes an encouraging dress rehearsal for the inter-governmental trade confer

say it will meet next January or February, in New Orleans.

UNITED HITS RECORD HIGH

CHICAGO, Nov. 20 (U.P.).—The United Air Lines, during the first nine months of 1044, set all-time

revenue passenger miles; 13,374,135 mail ton-miles; 29564256 express

“Jton-miles, and 21,162,180 revenue

plane miles, according to President WwW. A. Patterson. x

REALTY MEETING CANCELED WASHINGTON, Nov. 20 (U.P.).— | The National Association of Real Estate Boards announced that it had canceled a- post-war, action conference scheduled for Nov. -Dee. iin Chiouge. A

10-Cent Advance in Hogs Boosts Top to $14.25 Here

self aggressively” to a “world sys- |Beef—

2. Low tarifts and eschewing of |

the cartel topic. The public rela

ticlans, labor leaders and intellect- |g, md

duction and exchanges, but nothing c

coming | N ind

ence. Some well informed sources| ho.

high records by flying $332,121,620| Wor,

today |

choice 200 to 240-pounders and the

calves and 2100 sheep.

GOOD TO CHOICE 120- 140 pounds 140- 160 pounds 160- 180 pounds ... 180- 200 pounds . 200- 220 pounds ... 220- 240 pounds ... 240- 270 pounds

HOGS (12,500) ery LEH [email protected] 12.55@ 14.10 ver 141001415 - 1420 [email protected]

128 ‘ewe [email protected] 1406 ...

270- 300 pounds ... 0 300- 330 pounds 14.05 330- 360 pounds 14.05 Medium 160- 210 pounds [email protected] Packing Sows Cinod to Choice y 270- 300 pOUNAS sevvervrrnnss [email protected] 300- 330 pounds ... veo [email protected] 330- 360 pounds . . 13.70913.85 360- 400 pounds . ees [email protected] Good ~ 400- 450 pounds ..ec.e0ee esses [email protected] 450- 500 pounds ..ecvevecenes [email protected] Medium 250- 550 pounds .....eeivees [email protected] Slaughter Pigs Medium to choice 90- 120 pounds . ......... 0. [email protected]

CATTLE (2000)

Cholice— Steers 700- 900 pounds .. 900-1100 pounds .. 1¥00-1300 pounds ... 1300-1500 pounds «sesceesences

[email protected] «+ [email protected] +» [email protected] [email protected] d 700- 900 pounds .....eeeees «r [email protected]

900-1100 pounds . . [email protected] 1100-1300 pounds . [email protected]

CALVES (750) Vealers (all weights)

Good to choice .....coeevvvees [email protected] Common to medium ......... 9.50@16. CUulls .vivvusiavrinnsnrnsaces 6.00@ 9.50 Feeder and Stocker Cattle and Calves Steers Cholce— 500- 800 pounds +...eenes . [email protected] 800-1060 rounds ...eeveeesess [email protected] 00-800 pound 10.50 500- nds .. oe )] SN 1000 Pounds sensnes sess : 1038 11.78 edlum-—-500-1000 pounds ...eeeeevsese [email protected] Common 500- 900 pounds .......e. « 1.50@ 8.75 Calves (steers) Good and Choice 0S Dounds dOWR cuerriinnn [email protected] \! 500 pounds down ceeioies [email protected] alves (heifers) Good and Chotens 500 pounds down ...e.ieieee [email protected]% fum-— 500 pounds down .....icee0en [email protected]

SHEEP AND LAMBS (2100)

Ewes {shorn) Good to choice -. : . Common to medium PN

LAMBS Good and chofce .........e oo [email protected] Medium and good ...... verses [email protected] COMMOB «-vvvsiecsssnsnssnnns 00@10,

LOCAL ISSUES

Nominal quotations furnished by Indi-

anapolis securities dealers, Bid Asked Agents Fin Corp com......... TH ..... Agents Fin Corp pid.. ‘ee 'irte yrshire Coll com ..... 14 Belt R Stk Yds com.. 40 Belt R Btk Yds pfd....ec0eees 83... Bobbg-Merrill com. .....s000000 8 “er Bobbs-Merrill 4% pfd ... 68 cers Central Boya com ..... « 36 8 Circle Theater com . 50 53 Comwlith Loan 8% pid. +e. 108 108 Delta Elec com ......... 13 13% Electronic Lab com ........00 8% 5% Hook Drug Co com............ 6a 18% Home T&T Ft Wayne 7% pid. 51 rons Ind Asso Tel 8% ve veeeree 104 107 Ind Gen Serv . ve 100% Ind & Mich El 2. .“ «0 1089, 103% Indpls P & L ped oT oo 112% 114% Indpls P & L-com 18% 20 Indpls Railways an eiee 14%. 16 Indpls Water pfd....... +0 106 es Indpls Water Class A com.... 18 19% Jef Nat Life com 18 17 Lincoln Loan Co 8% % ptd. 29 Lin Nat Life com .. 46, P R Mallory 4%%. 28a P R Mallory com 24%, N Ind Puo Serv 5% . 108 *Pub Serv Ind 5% ...... 109 *Pub Serv of Ind com. 21 Progress Laundry com . 1% Ross yy - Tool com. El) & EB 48% .... 8 100 Storey ¥ Bros br PL « sevnnanes 18% © 17% United Tel Co B% ....vvvvnnnns 91 . Union Till com BONDS’ wees 38 8 Algers Winw'w RR 4%. eeeees 1" yee American Loan 3a i eeasnanns 101 American Loan 5 101 h of Com Bldg . ‘81. 90 Citizens Ind Tel 414s 61.. 108 Consol Fin es 101 (hd Asso Tel Co 3%s 0 ous by ndpls P&L Ius Wns 109 ndpls Pallways 86

ndpls Water Kokomo Water

“Ex-dividend

U. S. STATEMENT

WASHINGTON; Nov. 20 (U. P.).—Gov-

ernment expenses and receipts for current fiscal year Shious Nov, 17, Er pared with a ist, 8 Year a Last Year . Exper $3 72 34,557,485, 266 War Spent. 33,376,418,793 32,358,060,013 8:41 ,633, 13,810, 1 Cain Bat, “Rieanam 16.esn3mm08 ‘Work Bal . 7,399,850,253 15,924,507, Pub Debt . 212,600,341,446 169,752 899,620 1d” Res... 093,543,037 22,005,789,476

INDIANAPOLIS s CLEARING HOUSE diss smninre eed GA0S000 17,754,000

oeseaienn

1300-1500 pounds ves [email protected] Medium 700-1100 pounds «.eees o sees [email protected] 1100-1300 pounds «,.evsssesess 10.76@ 13.50 3 700-1100 pounds .,..ecues eves [email protected]) ¥ ors Cholce— 600- 800 pounds ..... seaneaee [email protected] 800-1000 pounds. seseasesessss [email protected] Good 600- 800 pOUNtES ..ovssavecess [email protected] 800-1000 pounds + +0 [email protected] Medium 500+ 900 POUDTE svassssseases [email protected] Common : 500 900 pounds suiseiesions . 1.50@ 9.50 Cows (all weights) GOO osu ssrrnistrracioreese [email protected] Medium . [email protected] Cutter and COMMON. +s vrnenrns sg 9.00 Canner ..... . 4.750 6.00 Bulls an ‘welghts) Good (all weights) ....esee [email protected] Sausage Good feretrasttssrsnterrnee . [email protected] Medium .......cn0c0nenee + 8.00@ 9.50 Cutter and common .. +... 6.00 1%

SEE CONTINUED GAS LACK IN CALIFORNIA

NEW YORK, Nov. 20 (U.P) — California, responding to increasing demands of the Pacific war, will suffer a gasoline shortage “long after ample supplies become available to the rest of the country,” the Ethyl Corp. has predicted. Although the Golden State is the secofld largest producer of oil in the

..Ination, its relative closeness to the ‘Pacific fighting front will put a

severe strain on its productive capacity and already plans are in notion “to augment the supply from other areas,” the company’s publication, Ethyl News, asserted. Furthermore, the northwest generally will feel the pinch of short oil supplies, inasmuch as California used tank cars to supply other west coast states and will find such cars now diverted to movement of gaso=line for the military.

PLENTY OF $3 T0 BUY BONDS

Ready Sale of Securities And Betting on Races . Proof to Wall Street.

NEW YORK, Nov. 20 (U. P)—

| | With the opening today of the $14,

000,000,000 sixth war loan, the in-

g! | vestment fraternity in Wall Street \ |and throughout the nation shelved

all plans for public flotation of municipal and corporate loans to concentrate on meeting the treasury goal of $5,000,000,000 in bond sales to individuals. Anticipating start of the latest treasury drive, investment bankers in a 16-week period that began Aug. 1 placed on the market a record shattering $1,541,386,348 in new securities of corporations and both city and state governments, The ready sale of virtually every issue offered in that period was interpreted in banking circles as an indication that the newest war loan drive will meet with outstanding success, as was the case in each of the first five drives.

All Over-Subscribed

That plenty of money still is around for the bankers to siphon off into treasury coffers is amply demonstrated by the steady rise in

money in circulation to an all-time peak of nearly’ $25,000,000,000 or nearly $14,000,000,000 above the prePearl Harbor levels, and by the fact tht in the first half of New York state’s current fiscal year nearly $300,000,000 was passed through pari-mutuel windows at New York race tracks. National City Bank of New York recently reported the astounding first half-year racing figures and calling for heavy subscriptions to the latest war loan emphasized that Americans are not being asked ot give their money but only to invest it in the best security in the world at a good rate of in-

terest.

New Lockheed For Short-Haul |

CHICAGO, Nov. 20 (U. P).— Lockheed Aircraft Corp. today an~ nounced a post-war airplane specifically designed to provide low-cost, short-Haul air transport for general domestic use, Robert E. Gross, Lockheed president, said the new plane, named the Saturn 75, would bring flying to Main Street -and that two feeder line operators have already placed orders for the plane, subject to civil aeronautic board approval of their route applications. The plane is a high-wing, allmetal, land based vehicle carrying 14 passengers, a crew of two and cargo, powered by two 525-horse-power engines. It has a cruising speed of more than 200 miles an hour and a top speed of 240 miles an hour over a maximum range of 1600 miles with eight passengers and crew. A low landing speed of 73 miles per hour, Gross said, insures ready -use of small airports:

FLEET TRAINING COURSE OFFERED

A fleet supervisors training school, Indianapolis Chamber of Commerce Safety Fleet division, will be held at Purdue university extension center here from Dec. 4 to 8, inclusive, the division has announced. The course will teach the funda-

mentals of selecting, training and supervising drivers in order to exact the greatest possible production from the limited manpower and equipment at hand, the division said.

LOCAL PRODUCE Sy breed hens, 22¢. Leghorn hens, under 6

GEORGIA’ RAIL SUITSETJAN.2

Litigation “May B Be Step in . Deciding Freight Rate Equalization.

By MARSHALL M'NEIL Scripps-Howard Staff Writer WASHINGTON, Nov. 20.—The supreme court will decide early next year whether it will take jurisdiction in a suit of a state against a group of railroads, filled in an effort to bring about freight rate equality,’ The suit is that of Georgia against the Pennsylvania and 19 other railroads, and is another offensive in the.long war of southern and southwestern states against interterritorial freight rates, which, they contend, stunt their industry and damage their economy, Georgia's suit charges the rail roads with conspiracy in'the formu~ lation of the rates against which it complains, It asks damages totaling $5,750,000.

, Cause Must Be Shown

The court has ordered the railroads to show cause why it should not accept the litigation, and has set the issue down for argument Jan. 2. Meanwhile, there is a possibility that the interstate commerce commission may decide the southern freight rate case, long pending before it. Georgia claims it cannot get relief before the I. C. C. or any ether administrative agency, and cannot take action in its state courts. Tt is true that the I. C. C., has no power to end such a conspiracy as the state alleges exists.

Rates ‘Unfair and Harmful”

The state complains that it is “hindered and harassed” in the discharge of its powers and obligations to the public by a conspiracy on the part of the defendant railroads who have established freights that are “unjust, unfair and harmful to the

Broilers, fryers and roaster, Ibs, white and barred rocks, 25c; colored springers, 23c; leghorn springers, 3lc. Old roosters, l4c. Egg rent receipts, 38c; Grade A large, 49c; grade A medium, 44c; grade A 1, 29¢; de, 38¢c. 50c. -Butterfat—No. 1,

state and people of Georgia.”

Buy at Least an Extra $100 War Bond

on the

as ate RL

Ir Of The Sixth War Loan

The boys at the fighting fronts have done a superlative job. They are not letting down for an instant, nor can we at home pause for a second. We must strain every effort to keep supplies flowing in super abundance.

— Putting every last ounce of emergy into our work

= Putting every last dollar we can spare into War Bonds

Buy bonds today. Bridge the gap to Victory and make sure that, when the war is won, we are well

way to winning the peace.

* * *

Mllory workers are putting one-hundred per cent efforts into high quality war production; they will do their part in making the Sixth War Loan successful. They look forward to the day of Victory when Mallory precision electronic and metallurgical products will resume making significant contribu. tions to the forward march of peacetime industry.

w \

- ee

TN Sac

Likewise, little at a tm t reason, Ine, develops "Bn eX ‘roasts the fin ‘a few pound ‘method it is | control the a (ing into the Xutiof, a be very | degree that i {form flavor, What is und of Hil ed on: flavor, since come with « roasting in