Indianapolis Times, Indianapolis, Marion County, 21 November 1944 — Page 8
USINESS
tired of being in an office all day, a farm is a hobby.
Prominent Business Men Buying Large Farms Throughout State
——— By ROGER BUDRQW r—m—
WHEN A FARM BOY MAKES GOOD IN THE CITY, he usually wants a big farm, with fancy cattle and spiffy buildings, to prove it, Sometimes such a place makes money. A lot of people have regarded “land” as a good infla-{ Employment (Manufacturing) ...........81,253 tion hedge, and sometimes it has been. To others, who get
EMPLOYMENT October, BIE... eres: Payroll (Weekly) .......v.seconconsesses: $3,670,444
Obtained Jobs .......... sieesseeneseeses 8,083 Filed Unemployment Claims ..ccceov00.0.245
For what reasons we wouldn't
know, but there are quite a few big . Businessmen who own large farms i around the state. Without trying to
get a complete list, “ here are a few of the more prominent. Thomas J, Wat-
president of In- - ternational Business Machines Corp., probably is the biggest businessman - landowner, 8000 aclres scat-
Cents With Top at $14.15.
' Mr. Budrow tered around the state, which surely. 25 cents on 160 to 400-pound| Bank debits .
buying for the last seven Years, tha war food administration. motsly in the northern part of the
state, pound porkers.
landowner, is James W. Gerard, the| an4 1800 sheep. . former. ambassador to Germany,
which he puts back in shape. Emil] 300- 330 pounds ...eevineiess Schram, president of the New York| yim reuseres Stock Exchange, has 400 or so acres near his native Peru. Powell Crosley, the radio manufacturer of Cin-
Packing Sow» Good to Cholca-— 270- 300 pounds
which has been good for several Mediu years now, hasn't tapered off yet. si " They know it will and wonder Just! yi qium to aan Pies when. o0- . ows CATTLE (2000) G. I. POKER GAMES bring in- | Oholce— Steers ternational finance down to earth, for sure. There are so nmny different currencies in Europé that
16. 1100-1300 pounds .. 1300-1500 pounds
Medium 700-1100 pounds 1100-1300 pounds
“You've got to be an international banker,” a soldier wrote, “to figure how you stand at the end of one of those sessions.” : Yesterday this writer dipped into international
Choice
Warhawk fighter planes are now CALVES (800)
Philippines is pending with the War | Mediu Vy pounds 1v.esueees
Damage Corp. government war in| | Ge
A A SIS Fo Po EBA Fe MAB. imi on
Sept. 30 net income $3,399,080 or
LA $1.98 a share vs. $3,245,625 or $1.89 Good and choice .... year ago. | Common iy Sood .
The CHICAGO JEWELRY CO.
Offers Unusual Savings in Unredeemed
~ DIAMONDS
WATCHES and Specially Purchased JEWELRY Mdse.
«012 14 +s 10, 13 8 10
3 BQ 00a ~
NOTE: REPATRINGE 10 Days (0 3 Weeks Sorvicel
See T hese Values
Before You Buy! been thoroughly reconditioned and in most instances cannot be told Ladies’ Diamond Rings Ladies’ & Gents? | Eiveiisy Fold fli Sg Nationally Known | fom ooo. NR EDEEMED Lovely, diamonds aft tn Mbt. Jai ial Suuaally Low Priess Men's DIAMONDS *® Masonic Rings, $10-822,50 Handsome, mas= ® Toilet Sets, $2.98-512.98 . All Merchandise Subject to. Federal Tax Established Nearly 50 Years = |
All unredeemed merchandise has from ngw! kt. yellow gold American & Swiss | Ladies’ Diamond Rings $]450 $2250 $T500 of Unusually Low Prices sive mountings , ~® Costume Jewelry, $1-$10 | Others at $37.50 and $50.00 hy > CHICAGO J © ewelr 0.
Streetcar, Bus & Trolley Passengers......10,077,157 Airplane Passengers (arriv, & departing) . 3,322
son of New York, Prices Drop From 20 to 25 Houses (permit value) rprerbirervisiiars, BBY
The hog market was slow to all He has interests at the Indianapolis stockyards today, with prices steady t0| Bank clearings ...ceceoeoeceessivesessss $128,335,000
, must represent an investment Of|p, 5 ang mostly 25 cents lower on around $1500000. He has been|ins t, 160-pounders, according to
The top was $14.15 on 200 to 240- Cattle Receipts included Another prominent, but not large{js 000 hogs, 2000 cattle, 800 calves
It was expected that approximate- Wheat
who bought the 880-acre -Cather-{jy 2000 hogs would be heid over for wood place near Ambia. And of tomorrow's market, the WFA said.
[email protected]| Gas Consumption (by cuble feet) ........ 559,740,000 + M00D1408| water Pumpage (by gallons) .. 160+ 210 POUNAS + vevrveersnn [email protected] | Imports ....... veeessachacansnssnssessee $1,040,012
[email protected] | Relief (cost)
250- 550 POUNAS + ueviiirarst [email protected] |
120 POUNAS ssenerveresss allseful Career Is Seen for : 700+ 900 pounds ssrnencess 10001100 Army's Huge Tank Salvager
[email protected] [email protected]
the fellow who puts up 300 francs | 700- 900 pounds [email protected] Seripps-Howard Staff Writer might get raised by three pounds, | 900-1100 pounds ... see 13 Bis or 10 gulden or possibly 15 dollars, 1300-1800 pounds ".. tee [email protected] WASHINGTON, Nov. 21.—A big brother of the wrecking cars that
. jLnal% a job in this war, and its makers predict for it an equally useful peace-
ammo! 700-1100 pounds ....c..0s wees [email protected]
800- 800 Pounds ........scsss [email protected]/and agile enough to negotiate the
.. 8¥@010.00/ the enemy.
25 3.00 .00
a age
" TRANSPORTATION
Inbound Freight (carloads) .......eve000.18,514 Outbound Freight .......... dienes vere. 12,370
4,480 BUILDING
Apartments ....c.eeconvoernnrse Business ...cecea:fecosionssensssanepess. $10,200 Industrial ,.....avescssresiseieesserees $58,000
Publi ....coconvnnrverancasiossessassess. 3173,000 Repairs and Alterations ........... e000. $78,351 $80,307 .... FINANCE | $128,310,000 ress ansancs eraeeners $405,777,000 $383,664,000
MARKETING RECEIPTS
OAS ovrvnvisnroncaninsrsncansoorcanesss 47,500
Rye Cesensessansssassregsassssissssssncesd 12,600 ourse the late Wendell Willkie had o than 1600 acres near Rush- GOOD TO CHOICE HOGS (16,000) SOYDEANS ,..eec0nrnereairrseressoioeress. 1,837,400 1,600 114,737 2.50 ville. Lia: 166 bounds -..0ii10u:. 10.800 1400 Quentin G. Noblitt of the Nobe| 160: im bounds ©....o...... 134081400 MISCELLANEOUS | litt-Sparks Industries of Columbus,| 100 39 BOURgs --- e+e 140001419 Telephones in Use .......ocooeecnanees. 132,505 132,315 .uvoee.. 4+ OL owns nearly 5000 acres in southern| 220- 240 pounds ... ‘ee 14.000 14.18 Postoffice Receipts ..... veressensassnsss. $646,794 $562,287 ...0.e.+ 150 Indiana, much of it poor land| J40- 270 pounds ............. 2CICIL08| Electricity Output (by kwh.) ............92,701,000 89,722,000 ......+ 33
542,553,000 cesenss ss. 1,440,730,000
Relief (Persons) .o.ce.esroecoccasessecss. 591 5321.. vessanensrensasssarsascascess $8,917
Compared With September, 1944
$3,751,507 Cenan 2.2 71337 weersniee~= 111 235 saresensrent 43
17,010 ....0000.4 188 12,626. .cvavveei= 2.0 0,691,488 ,.....+ 4.0 cress eine. = 25.8
3, 775 esse 85.9%
22500 sasacne™ 60.8 $70,000 crspraes™™ 171 $6,000 essnrseest 2783 vei 24
veeet 58
Hogs (head) sovecveiearnscoeiossirsoaces 228,048 201,904 ...0000.4 129 veressavesnsanisssesiansasnsseress 30,430 26208 ....0000.+ 169 CRIVES ....o.evvessonconsnsiancaaresseses 16,442 “15608 L.ie00ee.+ 4.8 SHEEP .......coveernesaseassansessansees. 42,919 36,386 .........4+ 18.0 Corn (bushels) ....eceecenrnssancseeseres], 148200 798600 ........+ 438 eesencesssesasennsasssssasssesess. 620,000 1,016,400 .......~ 39.0
128,500 stennee™ 63.0
vesesd 1,456,900,000 .,.— 11 "$725,597 .......+ 433 ceessesssst+ 111 $1.0m ssseasset 26.0
“Compared With October, 1943 % 04,365 ..........~ 14.0
$4,222,095 eta - 131
+6,258 pestis en 28
131 .iieaeenqest 810
18,165 i. ee.et 19 12157 ... eevee 3.0 10,463,965 ......~ 3.7 3784 L.....0i00= 122
ing vesianss == 60.0 CARA 0,0 PEN vessneses= 21.0 318450 cereserest2144 cerseresssses.+100.0 RH venssesee= 103
$128,542,000 .,,.~ 0.2 $410,712,000 ....— 12
205405 ......0.+ 110 27436 .eerieee. 10.9 11,481 .ovuvvoee t+ 43.2 40,462 ...e.u0ieet 61 959,000 ..00veee.t 19.7 912,000 ...0vve0.~= 32.0 582,000 ....0....~— 91.8 5400 .....00000. 100.0 2,121,600 esses ™ 13.4
131,681 ..evveer.+ 0.6 SA18847 .ieeieot 35.1 93,309,000 ......— 0.7 611,308,000 .....—~ 8.4 1,453,560,000 ,..— 0.9
$3,797,872 (viee.= 12.6
861 ....... 00000 314 $10,617 ...ovuee.
cinna 300. 330 pounds ... vor [email protected] re tl, has considerable Acreage| 55," 3 pounds .. eee [email protected] Sources of above information: Indians Employment Security division; New York Central, Pennsylvania, Baltimore & ii Southeastern Indiana, used for| 360- 400 pounds [email protected]| (nie, Monon, Illinois Central and Nickel Plate Railroads; Indl
rt; City Build-
ing Commissioner; Indianapolis Clearing House Association; Dun & Bradstreet; "Agriculture Marketing A radia
. Customs Office; Indianapolis
sheep Good A grazing. 400- 450 pounds .e.eninnanens [email protected]| Board of Trade; U, 8, Commerce Department; Indiana Bell Te lephone Co.; Indianapolis Postoffice; Center Hind Trustee; Farm brokers say their business,| 450. 80p pounds teense artr seh [email protected] | Indianapolis Power & Light Co.; Citizens Gas & Coke Utility; ‘Indianapolis Water Co. m Chamber of Commerce,
- 16.0
By EDWARD A, EVANS
haul in automobiles after highway accidents has been doing a whale of
time career, It's the 16-ton M-1 heavy wrecker, developed to meet the army's need for a truck powerful enough to salyage tanks disabled in battle
CUIrency ex- | g00.1000 pounds ....vessseees [email protected] changing for the first time and |Gooa most rugged terrain. Equipped with LOCAL ISSUES decided it sh he’ 600- 800 pounds oi. veesse 13.00018.25| winches at front and rear, and with ould be the last, un- | 500.1000 pounds .....eeeee oo [email protected] a power crane that can lift 10 tons,| Nominal quotations furnished by less we go into the business. Medium yo anapolis securities dealers. Dy Spent A Canadian $10 bill is worth _Boo- 900 pounds vessseviasess [email protected]{it has proved valuable for many Bid Asked about $9 in our money, and it’s 800 900 pounds sissnsnssenns 150@ 9.830 other military tasks, from knocking Agent Fin or an pid. Tr arrae 2" ps ie bad enough to take » 10% dis- | Otwe ‘ali weight) over trees and pulling stumps to re-|2yrshire Coll com L13% uC count. But the bank took out [Good . ............ews eres 107801380 bing wrecked aircraft from land- | Belt 2 SV vie lam another 10%, or $1, for its “post | Eurier and common reser: tag og feids. Bobbe- Merrill 4%. prd '» age and expenses” in sending the [Canner ..............coieeie 4.75 600 The Ward LaFrance truck divi-|central Soya com ... money back to Canada. And we | Bulls’ (all weighte) sion of Great American Industries] Gomwith Loan 5% Bid. so: ended up with $8 for $10. NK (all weights) “ree «+» [email protected] Ine. sole manufacturer of M-1s, has Dit Bice 20 Losuesvasinss ,“. Good _........0.coocsens 380@1040| delivered thousands of them, with Hook Drug CO SOM. 1h oid ig ODDS AND ENDS: The last P-40| Medium . ooooseeeeeee $008 178 supplies of spare parts, to American |ind Asso Tel
and allied military forces. They| a a son i pid
being built at Curtiss-Wright's Bul- . Indpls P & L falo plant; this .Allison-powered Vealers (all weights) have seen duty on numerous battle- h dpi Per dom *s ’ Good to cholee .........eciees 16.00616.50 | fields, climbing steep, slippery Indpla Railways com. model will be discontinued by the Common to medium .:........ 0 Ngy% grades, laboring through sand and|Indpis PI. ecxri...nn | end .of the year, except for replace-| “Feeder and Stocker Cattle and Calves |mud, and traveling over crude trails Indvls Water com A's. . 15 i ment parts, , . . Monsanto Chem- Steers and across roadless country Lincoln Loan Co Oo Blan pd... 8% - ical Co. of St. Louis is to make thé : Lin Nat Life 00H .coxsveree on hi . " t Yor Amery ? Chater, sotnis ET Army ordnance crews, using M-1s,| P R Mallory Cav. rae 3 inuteh 5s a er van 300-1008 pounds weenie ts 1181300 have gone under fire to tow away|y fia 'Pus Bers 5% 1. 10 ; " Cla00-000 PONS +evvnsers German tanks, some of which were “Pub Serv Ind 5% 106 lion in claims for losses in the| $00,300 Bounds o:ooovoerrt (ORG N repaired and later turned against spun Sery ot thd tom...
They have rescued|Ross Gear & Tool com...
many of our own heavy-duty mili- Blokety Bros be. BF tees
500- 900 pound Cereerense os 1.50@ 8.7% ) ceases surance agency. . . . The army is | ho yl tary vehicles—supply trucks and the| United Tel Co 8%.......-c.c.. sending civilian experts to Europe alves (steers) like—from almost impossible situa-| "28 Title com pra ve. 28 : Good and Choice , Ds I to see if bombing is worth the bit-| G09, W5 CREE »[email protected]| tions, even pulling them up sheer! i ory wine'w RR $4%.......108 terness it causes among civilians. | Medium = dow [email protected] | CHATS. | American LOBR 58 Bl.vesreoe.. 98 101 . RFC has sold 17 per cent of you OWE 5 evunsesvs American Lob ha “ws od HIS corre es oi To Calves (heifers) . | The Ward LaFrance plant at|ch of Com Bldg 4%s 6 "86 90 8 given it to sell, | Good avd Chiles | Elmira, N. Y., has manufactured Clissens nd Tel ss 1...0.003 104 : but has $500 million yet to get | 300 pounds down .......... 1800127 heavy commercial trucks-and motor- | ind Asso Tel Co aa LL rise 3 rid of. | "500 pounds down .....* aso@wso|ized fire apparatus for more than napla PaL3da le. i 0 EL SS ————————————— | {25 years, The company has made|Indpls Water Co 3'as 68 “108 109% CE Columbia Broadcasting System, | SHEEP AND 1 LAMBS (1800) Kol Da as 55 58..... ! Ine, and. subsidiaries 9 months to Good to choice me (TL swe extensive plans for production of| Kiker Packin “Cor Sores ee 103” | Common to medium .. ....... 3.000 5.00 civilian models of the M-1 wrecker
after the war, and expects demand Nb for them to provide jobs for many Serv of skilled workers, Re They'll be available, according to the company’s sales manager, A, A. v Frank, in either four-wheel-drive or six-wheel-drive models, with diversified equipment for special purposes. For instance, Mr. Frank|,.= says, an M-1 can easily be converted| Broilers, fryers and roaster, under § from a crane-truck into a tractor,|[bs white and barred roo agers. 316. |a dump-truck or a snow plow, and | ean do the work of several expensive | Esss—Ourrent receipts, S8er GUNR, 4 | vehicles each with limited uses. small, 39¢; no grade, 380. The company anticipates a speedy | yo. No. 3, 380 : | post-war reconversion of its plant, {since peacetime operations will be similar ‘to those now under way.
U. S. STATEMENT
| : WASHINGTON, Nov. 31 (U. P.)—Gov-|in October handled approximately
*Ex-dividend.
LOCAL PRODUCE
Heavy breed hens, 23¢. Leghorn bana,
RAIL LOADS UNDER 43 - WASHINGTON, Nov. 21 (U. P.).
pared with a year ago: ured revenues ton-miles, This Year Last Year meas In-
§ 30810.050.043 ¢ 34.70.87 123| compared with 61,000,000,000 in the
| Expenses
Am Water W , 8 ™ 8
~The nation's class one railroads
ernment expenses and receipts for the freight,|” current fiscal year through Nov, 18, com- 63,500,000,000 ton-miles of t
War Spend’ 33.631627.140 ° 32.481430.881 previous month and 65,225,870,000
INDIANAPOLIS CLEARING RO ClOAPIMER .o0vviinnssniotassnnes Debits
TNR Eee ee 1 {ation
WAGON WHEAT Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.63 per bushel for No. 1 red wheat (other grades on their merits); Oats, No. 3 white or No. 3 red, testin Ibs. or better, 64c; corn, No. 2 shelled, old crop, $1.00% per bush . 3 white shelled, old erop, $1.4.
Eastern Afr Lines, Inc. 9 months to Sept. 30 net profit $721,684 or $1.22 a share vs. $578,461 or $1.29 year ago.
LINOLEUM
$1000
FIRE | wsurANCE |
ON HOUSEHOLD FURNITURE
a8
|
onrnta rou 3 vans
Se “id : Large Selection of Inlald Immediate Installation!
Receipts TL08T T6813 13.618. br 878 LTR LR Be Wa fe ih JAN a , hy hy RS, Work Bal THIT10.864 18.715.863 148 . Y. | Pub Debt . 212,728.155.586 160,780.670.608 Gold Res . 20,603. 487.075 22,005,786,500 |
N. Y. Stocks
Net Last Change ww TMV Ma NY% w= Ya seeds 22% N% 22% Am Rad & 8 8 11% 11% 11%
High Low
Winters & Crampton Corp., year to Aug. 31 net income $391,013 or| $1.83 a share vs. $281,817 or $1.31) preceding fiscal year. Woodward & Lothrop, year to :| July 31 net profit $1,159,884 or.$4.08| a share vs. $1,080,236 or $3.76 preceding year.
EUROPE. SHIFTS
Farm Output Maintained Higher Than Many Expected.
By Science Service WASHINGTON, Noy. 21. — Millions of people in Europe have been on short food rations during the
war, with an average caloric infake
less than 75 per cent of the normal pre-war level, although the farm output in terms of calories has been maintained higher than expected by many earlier in the war. The shortage has been particularly in France, Belgium, Norway, Italy, Spain, Yugoslavia, Greece and Poland. The farm population for the most part has been fed at our near pre-war levels. Farm production has shifted definitely from livestock products to food crops. These are the conclusions of Eric Englund of the office of foreign agricultural relations, U. 8. depart ment of agriculture, based on findings made by his office on food production in Europe and the probable European food situation immediately after the war. “In western Europe and north Africa,” he says, “farm production of cereals for food, in terms of calories, in 1942-43 was near pre-war levels. Fruit and vegetable production increased about 8 per cent, edible oil crops about 17 per cent, sugar crop changed little. Total food crops registered a slight advance in caloric equivalent, indications are that production of food crops in 1944 will be about as in 1043." Livestock Output Cut
“On the other hand, Europe's production of livestock products. in 1042-43 was about 25 per cent below pre-war level; milk production about 15 per cent, and the production of poultry and eggs about 34 per cent below the pre-war average.” At present levels of production and with the curtailment of imports, he continues, per capita consumption of food in continental Europe now averages not more than from 85 per cent to 90 per cent of pre-war, with a drastic reduction in the qualitative composition of food
T0 FOOD CROPS)
| cial landing rights. La
have been flooded with sea water| plies available on the continent, ... and a stil] greater shortage of foods| It has been estimated that this
By CHARLES
Partial Draft of Al Plan’ Is Submitted at Chicago
CORDDRY
United Press Staff Correspondent 4 CHICAGO, Nov. 21.—The civil aviation conference. today examined °
an American-British-Canadian draft proposal to establish an inter=
national air administration with consultative and advisory powers and continue the practice of negotiations between countries for commers
Submitted late last night as a
tional air routes. Assistant Secretary of State’ Adolf
civil aviation minister and C. D. Howe, Canadian reconstruction minister, who worked out the proposal in nine days of closed meetings, continued their conferences today on the points not covered. The plan, comprising a “section of an international air convention,” is scheduled to be debated at a conference plenary session tomorrow morning.
Local Meetings
Metropolitan Club E. J. Pricke, chairman of the building supply and steel committes of National Co-operatives, will speak on “Co-operative vs. Communism, Nazlism and Fasciism,” at a meeting of the Metropolitan club tomorrow noon at the Columbia club.
Mr. Fricke is also general manager of the International Lumbering Association, Ltd, and manager of the building supply department of the Indiana Farm Bureau Co-Operative association,
Ventilating Engineers “Altitude Testing Aircraft Engines in the Laboratory” will be the subject discussed by C. L. Bouchard, of the Allison division of the General Motors Corp, when he addresses a meeting of the Indiana chapter of the American Society of
Heating and Ventilating Engineers, Friday at the Columbia club,
RAISE IN COFFEE CEILINGS SOUGHT
WASHINGTON, Nov. 21 (U.P) — Coffees growing countries, contending they cannot economically produce and ship the beverage bean to U. S. markets, will make a new attempt to persuade the OPA to raise the ceiling price of coffee, when the Inter-American coffee board meets here on Friday, it was learned today. Delegates of producing countries are expected fo approve a request for higher prices at the meeting,
to await the OPA reply. Unless OPA reconsiders its present price policy, Latin-American producers declare coffee rationing will be necessary again about midJanuary,
would be needed in addition to sup-
would require an annual rate of im-
tn supplies. Among individual coun"Hn 1% MY + Bh tries and population groups, condi....160% 163% 163% = %|tions vary widely. L08% 85% 68% — % “The decline in average per cap- + %|ita consumption has been especially cae IM ATH i + ¥% marked in Norway and Belgium . 3% ah hi T'% he states, “which were only about eR n oe. 3 .~ + v.|90 per cent self-sufficient before the ‘82 81% 63 + %|War in Greece and in France where 38% 38% 38% — 9% |supplies were diminished not only he 47 Ns + y4|by a sharp cut in imports but also 3 TAR A. : by a drop in food production and Ri o 8 oh by shipments to Germany.” Pu Sen ew I % Dutch Hard Hit cee 4 8G 1 4| The Netherlands, which normally 22% + ” depends on imports for 30 per cent y + % of its food, was forced to.plow up i a; |for crops over 20 per cent of its — u pastures, which in ordinary times + 1i|covered one-half of its farm lands. i = % At least 25 per cent of its cattle es + vsjand 75 per cent of its pigs were ¥, 12 | slaughtered because of a shortage + i) of feed. Now thousands of acres . + %lis faced. n 3% i x “In order to improve considereens 48% an a + % ably the diet of the allied Furoir 14 18 3% » pean countries soon after the war,” N% 32% 2% — 19% 19% 19% + % 3 12% 1 + % ee 34 33% 33% + 20% . 29% % + % 36s 35% 38... 33%: 38% 38% + % 5¢ 55 © +1 28% 28% + “Ya 47% 48% +1 | eaee 86% 51 + la 12% 12% — JY 1032 103% + Y% e 12% 13 + %| "3 3B 38% +
department for office
Office Boys and Girls Wanted
We have two positions open in the editorial 40-hour week. See Mr, Free.
Indianapolis Times
214 W. Maryland :
after which the board will adjourn
ports into continental Europe of from 5 to 10 million tons of wheat and perhaps one million tons of Mr. Englund declares, “large quan-| fat.” Meat, dairy and poultry prodtities mainly of cereals and fats|ucts will also be needed.
It was clear, however; that the
“partial draft,” the plan failed 10| international authority would have disclose what decisions have beenino discretionary ecorfomic powers reached on freedom of the air and |and would not be empowered to regulation of schedules on interna- allocate air routes to the carriers of various countries.
Canada’s plan for fixing fares and
Berle; Jr, Viscount Swinton, British |rates for passengers and freight was
adopted almost without change. It
ferences initially would set rates, but they would be subject to review by the international body. The question of schedule regula tion has been settled in principle, as previously reported, on the basis of an escalator arrangement proposed by Canada. It is agreed that when a carrier reaches 65 per cent pay load on existing services he may add new ones.
Licensing Not Mentioned
The draft plan proposed national and most-favored nation treatment at commercial airports, but it made no mention of licensing inter national airlines, which was pro posed in the original British and Canadian plans, “Equality of opportunity” was proe vided so that “every member state has a fair chance to operate international airlines,” but the specifies means of accomplishing this was left to further discusison,
Carrier Pools OK'd
The draft took no exception te organization of pools among air carriers, providing their agreements are filed with the international body. “Air matters directly affecting world security” would be referred to the “general organization set up by the nations of the world to preserve peace” on two-thirds majority vote of the international adminis tration’s assembly. * The international air administra tion would comprise an assembly on which all countries except enemies in world war II would have one vote, a 15-member board of directors and “such other bodies as may be neces sary.” Annual Meeting Planned
The assembly would meet at leash annually. It would designate the seven leading air powers who in turn would appoint one member each to the board of directors. The assembly also would name seven other nations from “all major areas of the world” who would appoint mem bers of the board. The board presie dent wolld be elected by the ase sembly. It was provided that “any member state may participate, without s vote, in the consideration by the board of any question which especially affects its interests.” The Board would act as a clear. ing house for information on opers-
aspects of civil aviation, but its powers would not extend beyond those of recommendation,
THOMSON & MSKINNON
girls or boys. Fvwsoy,
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. > 14 Wall Street, Dow Yosh _. Branches in 38 Giies »
Write for our waely Sock Barve
was provided that air carriers’ con- .
tions costs, subsidies and other
—
Brushe
Gift robes of lux easy to relax in ¢ sleeves! Wraparc rich wine shades!
Glamorous gift 1 in lusious shade
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'MOTH “FIR
_ [SPONGE RUBSER ,