Indianapolis Times, Indianapolis, Marion County, 4 December 1944 — Page 6
AGE 6
BUSINES
‘Unpopular’ Are COMPplaininge{okes Aren't Fair!
2
THE SMALLER TOBACCO MANUFACTURERS, a gection of the Grocery Manufacturers of America, Inc., has written us about our coverage of the cigaret shortage. 's a form letter, just one of several thousand. To come to the point, they think the newspapers and
© Apparently it
radio commentators haven't d “Maybe you have been more * thoughtful,” they write, hedging theif complaint, “but many newspapers and radio commentators have indulged in such reporting as —“when people can not get the popular brands of cigarets fr om their dealers, they are forced to take the unpopuiar brands.” - Well, the reporter that pulled that ought to Mr. Budrow ,..v6 to smoke some of the “unpopular” brands! The smaller tobacco manufacturers object to such reporting because although “none of the smaller t8bacco manufacturers can advertise - as extensively as the big companies, they successfully compete with the famous brands when it comes to quality.” “Some .of the cartoons kidding us have been very funny,’ the complaint continues. “Both Henry Ford and the Erie Railroad know that you can thrive on good jokes. The next time you feel like taking a crack at us little fellows, please make it funny—but also make it fair.”
» MOST WAR © PLANTS, built when prices of materials were high and with over-time and even dou-ble-tyme wages, aren't worth to private industry what they cost the government, Realizing this, the government has hired - independent appraisers from engineering companies to squeeze the “war water” out of the plants, evaluate them at what they would be worth in an ordinary peacetime market. ; s = = TERRE HAUTE has hired an engineering firm to survey. nat‘ural resources, factory sites, taxes, labor available, transportation, market areas, municipal finances, etc, thus using the scientific approach to attract mew industries, instead of the usual hullabaloo. When completed, these will be presented as certified findings to prospects. Terre Haute wants complementary | enterprises, not competitive ones.
oN 8. ODDS AND ENDS: Bridgeport
Brass Co. has cut this year's divi-|
dend to 90 cents from the $1 “paid last year and the year before, , . President Q. C. Noblitt of NoblittBparks Industries, Columbus, Ind. received 3750 shares in a stock divident recently, increasing his holdings to 18,750 shares; President Frank H. Sparks of Wabash college, co-founder of the company, received 269 shares, making 1346 he holds. + « » Pullman-Standard Car Manufacturing Co.’s Hammond plant is making its 27th type of shell since the war began. ,.. Liberal dismissal pay (based on length of service and chargeable to the government in termination of war contracts) could go a long way toward stopping men from leaving war jobs for poorer-paid but surer civilian work, says Business Week. . .. Indianapolis department store sales in the week ending Nov, 25 were 21 per cent over a year 80.
RADIO CORPORATION or AMERICA Dividend Notice j :
The following dividends have been declared by the Board of Directors:
First Preferred Stock
[Vard worker, who said that 27,500
{partment entered into an agree-
§
Cigaret Manufacturers
R BUDROW
one so hot.
TURNOVER HIGH AT NAVY YARD
Discharged Bremerton Worker Complains of SY , ‘Poor Conditions. WASHINGTON, Dec. 4 (U. P.).~— The senate war investigating committee today began a preliminary study of reportedly heavy labor turnover at the Bremerton, Wash., navy yard as a prelude to a possible fulldress manpower investigation at all war production centers in the country. The study was started at request
of Senator Homer Ferguson (R. Mich.), a committee member, who
“compel” phases of the manpower question to find out why workers quit waressential jobs. Ferguson turned over to the committee a four-page letter from Ben. M. Blount, discharged Bremerton
employees quit the yard during the
“poor working and tions.”
living condi-
Refused Commissaries
Blount charged that reasons for the turnover were high cost of living in the Bremerton area; costly and poor transportation for yard workers; collusion between the navy and the U. 8. Chamber of Commerce to keep the government out of coms petition with “private enterprise;” and misrepresentation of living conditions by Bremerton yard labor procurement representatives. Blount said an army- navy survey board found Bremerton to be the fourth highest defense area in cost-of-living. Although the navy has had authority for the past two yeaks to establish commissaries for wo ers, he sald, it 'has “steadily resisted” requests for them. “It is my understanding,” Blount ote, “that officials of the navy de-
ment with representatives of the U, 8. Chamber of Commerce whereby the navy department would not enter into any activity in competition with private enterprise.”
Hamburger, 25 Cents
“What the worker here needs is a reduction in the cost of living,” Blount wrote. “I believe that it is|$ within the power of the navy department to reduce «costs in this area any time it is desired to do so.”
The Bremerton yard cafeterias, he said, charge “exorbitant” prices, including 2 cents a slice for bread and 25 cents for “an ordinary hamburger sandwich.” Blount explained that he was discharged for what was called “undue interference with the management of the electric shop, thereby adversely affecting the war effort” as result of his efforts to gather data on what workers were told about Bremerton living conditions when they were being hired. He sald he had undertaken to procure affidavits from fellow workers as to how conditions were described to them. One of these affi-
87% cents per share on the First Preferred Stock for the period | October 1, 1944 to December 31, | 1944 payable January 2, 1945 to | stockholders of record at the close of business December 11, 1944. Common Stock 20 cents per share on the Common Stock payable January 30, 1945 to stockholders of record at the close | of business December 15, 1944. |
OEORGE S. DE SOUSA | Vice President and Treasurer New York. N. Y., December 1, 1944
(of a.shop personnel officer and the | workman who signed it
{seven hours.”
davits, he said, got into the hands
was subJocted “to a grilling lasting about
GLASS FIRM TO EXPAND
PITTSBURGH, Dec. 4 (U.P.)~— A $750,000 expansion program for |the Port Allegany, Pa., plant of the Pittsburgh Corning Corp. designed [to “double manufacturing facilities [for the production of foamglass, an insulating material, was announced today.
BUSINESS DIRECTORY
You Save Because We Save Men's Suits & Overcoats
$ | 8” 2 | a5 24"
CASE CLOTHES
215 N. Senate Ave. Open 9 to 9
Make Woodworking Your Hobby. Use
DELTA MOTOR DRIVEN TOOLS Exclusively at
VONNEGUT’S 120 E. Washington St.
USE YOUR CREDIT at MOS KING
CLOTHING COMPANY
131 W. Ww St Directly Adis indians Theater
Quality and Style Ezxtravagance
LEVINSON -
- Your Hatter
OXYGEN THERAPY
This Equipment Can Be Rented af ~- HAAG'S 402 N. Capitol Ave.
daa “Bie
of MOTH HOLES—BURNS or WORN SPOTS
LEON TAILORING CO.
235 Mass. Ave, 15 he, Middle of
Cueny CL 78 CREDIT 18 ©
SEYMOUR'S
ASKIN & MARINE STORES
EOL Eat OMEN" I
WE Buy Diamonds
HIGHEST Sala PRICES
STANLEY doweiry Go.
from Saturday ‘at the Indianapolis
said the Bremerton inquiry might|stockyards today, the war food adthe group to loek into all|ministration reported.
choice 200 to 270-pounders. Receipts included 12,200 hogs,
year ending last July 1 because of | s¥40
Ross Gear &
{ RE - WEAVING’
Co Ind A me)
The tentative design for a post« war amphibious P-47 Thunderbolt was announced today by the Republic Aviation Corp. The company's engineers have dbsigned a high-wing, all-metal,
land-or-sea monoplane, which will accommodate four passengers. It is powered with a single 175-h. p. engine, and has a cruising speed of 105 miles an hour, The wing span is 36 feet.
THE INDIANAPOLIS TIMES _ Republic Develops Amphibious Thunderbolt
A preview of post-victory aircraft is seen in Republic's sea-or-land P-47, a high-wing, all-metal plane.
On wheels, it stands eight feet seven inches high. The probable price, the company said, will be around $4000. Republic Aviation Corp. oper= ates a plant in Evansville, Ind.
PRICES ON HOGS ARE UNCHANGED
Top Holds at $13.85 Here! 12,200 Porkers Arrive At Stockyards.
Prices on hogs were unchanged
The top held at $13.85 for good to
2500 cattle, 1000 calves and 3000 sheep.
GOOD TO CHOICE HOGS (12,200) 120- 140 pounds .. 11.75@ 13.28 140- 160 pounds [email protected] . [email protected] [email protected] [email protected] vo. [email protected] . [email protected] . [email protected]
. 13.80 13.80
«180 pounds ..... '180- 200 pounds 200- 220 pounds 220- 240 pounds .. 240- 270 pounds .. 270- 300 pounds .. 200- 330 pounds ., 320- 360 pounds Medium 160~ 220 pounds Packing Sows Good to Chotce— 270- 300 pounds 300- 330 pounds 330- 360 pounds 360- 400 pounds ..... Good 400- 450 pounds .... 450- 500 pounds Medium — 350- 550 pounds Slaughter Pigs Medium to choice 90- 120 pounds CATTLE (2500) Steers
[email protected] 13.50@ 13.66 13.506 13.60 eee [email protected]
sess [email protected] + [email protected]
Choice 700- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds Good 700- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds .. Medium 700-1100 pounds 1100-1300 pounds ... Common
700-1100 pounds .........e0
18.50 16.50 wes 16.78 . 18.78
11.78 18.25 18.28
[email protected] . [email protected] . [email protected] ver 14.00
ceess 10.78 « 10.7%
13.50 13.80
Chotce— 600- 800 pounds 800-1000 pounds ..... Good 600- 800 pounds .... 800-1000 pounds Medium 800+ 900 pounds ..... Common 800 900 pounds
18.28 15.50
16.50
+ 13.00915.28 [email protected]
. ’ [email protected] m [email protected] Cutter and common 5.75@ 8.7 Canner ... 4.50
Balle (an ‘weighte)
Beer Good (all weights) seveeeedy Sausage
008 pesrrvensivese anaes Cutts
10.009 11.50,
. [email protected] m IER ALL EX) and common .. .... 6.00@ 1.78 CALVES (1000) Vealers (all weights)
Good to choice 16. s0a18. %
9.50 Culls 6.00 (590
Feeder and Stocker Cattle and Calves
Cholce— 500- 80v pounds 800-1080 rounds ..... Good-
800- 800 pounds .,.... 800-1000 pounds ... Medium 500-1000 pounds Common 500- 900 pounds Calves Good snd Choice 500 pounds down Medium-— 800 pounds down ..° Calves Good and Cholice— 500 pounds down
um 800 pounds down SHEEP AND Ewes
Good and choice . Medium and good
8.759 10.00 1.50@ 8.7%
[email protected] [email protected]
. [email protected]% [email protected] LAMBS (3000) (shorn) 14.00 [email protected]
Good and choice .......... vee [email protected] Medium and good 10.0042 12.78 Common ..... .8.00@ 9.78
LOCAL ISSUES
Nominal quotations furnished by anapolis securities dealers.
Indi Asked Agents Fin Corp com.. ‘eae Agents Fin Corp pfd.... Ayreshire Coll com . Belt R Stk Belt R Stk Yds pra..... Bobbs-Merrill com ... Bobbs-Merrill 4%: pid Central Soya com Circle Theater com .......e00 Comwith Loan 5% pgd.... Delta Elec com .. Electronic Lab com ..,....eus Hook Drug Co com 16% Home T&T Ft Wayne T% pid. 51 Ind Asso Tel 5% pid Ind Gen Serv Ind & Mich BI pa Indpls P & L pid . Indpls P & L co fel Stmengon pl ater pid. ...evvip inna sIndpls Water Class A dom. . Jeff Nat Life Lincoln Loon So 5% % pd. Lin Nat Life com P R Mallory 4%% . ‘PR Mallory com ...« N Ind Pub Serv- 8% . Pub Serv Ind 6% .... Pub Serv of Ind com . Progress Laundry com.
m ..
Allis-Chal Am Can .
= | Atchison
Beech Cr RR . 3 Borden
Caterpilla- T Ches & Ohio Childs . Curtiss-Wr .... cee Dome Jdines “es -|Du
, 11. [email protected] Ohio
P 11.50
1678 | gor
16.50 | iy
7.50@ 9.80 b
8 STATE BANKERS
| will serve as regional vice president
‘| Bend, was named Indiana chair
.+| dean of the graduate school, Purdue . university, who was named to the
! Ford Motor Co.'s Willow Run plant Ya |has stepped up production of Lib- . |erator bombers, and the T000th Lib-
4 |Mexican orchids are now being
WASHINGTON, Dec. 4 (U. P)
lem.” Aside from his reconversion p
N. Y. Stocks
Low 37; 89%, 24's 11% 14% 66
Net Last Change B's + Nn 80's .
High 38'a . vit, Am Loco Am Rad & 8 8 To Am Roll Mill, 14'; Am T & T ... 166% Am Tob 8 ve Am Water W.., Anaconda ...... Armour & Co..
+H+++4+4 0
Atl Refining ... Bald Loco ct 2
Beth Steel "|
Borg-Warner
CAE
Gen Pectio ve Gen Foods Gen Motors Goodrich Goodyedr " Greyhound Cp. 2% Ind Rayon 39 Int Harvester. 8 Johns-Man 96'2 nnecott -..... 35% Lockheed Aire. 197 Loew
+++: +++
Li+: +
Ya Lone Star Cem. 51 Marup ion 22% Nash-K Nat Buaonit »es Nat Distillers ..
5 n % 36%
+++
oo BB a
I cdetieiutindiueiiaiudiindaiiudhe
Reyn Tob My Schenley Dist , 37° vel Inc Bocony- “Vacuum Bouth . ad or” cove T8 d O Cal .. 38 8 PR | std Oil (Ind) , 33Y A were | 8td Oil (N J) . 3th / Texas Co Does 48Y 20th Cent Fox.. 37% U 8 Rubber ... 40% 8 Steel ..... 58 Warner Bros . J3%
HHH FERRE
1 100% 4%
+l ++++] +
INDIANAPOLIS CLEARING HOUSE
$ 6,917,000 18,310,000
ARE ELECTED BY ABA
Three Indianapolis bankers and five Indiana bankers are new members of the American Bankers association, it was announced today. Oscar F. Frenzel, cashier at the Merchants National bank, was reappointed ABA vice president.
A. Wickard today proposed a post-cotton-growing south embodying government subsidies for a limited period while marginal farmers shifted to other lines of production. Wickard outlined four “possible approaches to the cotton prob-
fied level,
Wickard Proposes Marginal Cotton Growers Quit Crop
~Secretary of Agriculture Claude ar reconversion program for the
lan, they were: 1. “Holding the price of all cotton produced in the country at a specisuch as a parity price.” 2. "Maintaining a parity price for the domestically consumed portion of total cotton production, with
. | BTOWers feceiving a world price for
the export portion of the crop.” 3. “A domestic price of cotton
hitched to a world price established a either |petitive forces or hy international 1+ agreement.”
through unrestricted com-
Payments ‘Not Perpetual’
“Two of the approaches—the first and third—undoubtedly would re-
. quire large annual appropriations,”
|hé said. “And the second, calling
“va | for a high domestic price, would
have the same effect if an effort
"were made to maintain domestic
consumption, for ‘large scale sub-
2 | sidies would be required for that
purpose.” As an alternative, he offered his
, {fourth approach which he called
“a reconversion program for the cotton South.” “As in the third approach, the domestic and world market price of American cotton would be the same, and income payments would be made to farmers,” he said, “But these income payments would not be perpetual. They would extend only over a stated period, and one of their main purposes” would be to give direct aid to cotton “farmers who needed to | Change partly or wholly to other
? lines.”
‘Cushion Descent’ Wickard said under such a pro-
+! gram it would be necessary to offer
all cotton growers some kind of income payment, on a descending scale for perhaps five years or more. “This should be sufficient for producers who can take full -advantage of mechanization and all of the other efficient methods that lower production costs,” he said. “It would cushion the descent of cotton prices to a new level and make
~tallowances for the time required to|i
readjust systems, . “For a short time such an approach would require heavy government spending to protect farm income and to aid farmers in adjusting operations. But it offers a real possibility for eventually doing away with large annual subsidies, and the best possibility for a per-
farming practices and
s | Evans Woollen Jr., president of the | Fletcher Trust Co., will serve on 0s subcommittee of the association's | federal deposit insurance study. James 8. Rogan, president of the American National bank, was appointed to the credit policy commission, ’ In the state, Burr S. Swezey, president of the Lafayette National bank, Lafayette, and Charles B. Enlow, president of the National City bank, Evansville, were named to the executive council. Mr. Swezey was also named to the admin-: istrative committee. P. C. Cullom, Farmers bank, Frankfort, was named to a postal savings subcommittee. A. J. Wedeking, of the Dale State bank, Dale,
under the organization commottee. PF. W. Antwerp, president of the First Bank and Trust Co. South man of the state legislatvve council, Also honored was Dr. E. C. Young,
advisory council of the agricultural (n
manent self-sustaining farm popu-
{lation in the South.”
Taking for granted that improved production methods will displace some cotton families in the South, Wickard: said the best answer to that problem appears to be the development of more business and industry in the South. Other fac-
|tors, he said, would be to encour-
age cotton farmers to turn to other products and assistance for low income groups to obtain more cotton products.
CITY FOOD PRICES DROP
Retail food prices in Indianapolis declined 1.2 per cent during the month ending Oct. 17 while the national average was down .4 per cent, according to the U. 8. bureau of labor statistics.
WAGON WHEAT
to the close of the Chicago market today, as flour mills and
Ibs. better, No. sheited, Id erop, es 0%" per white shelled, old crop, $1.34%.
commission.
®
WILLOW RUN'S 7000TH DETROIT, Dec. 4 (U. P.) ~The
erator will come off the line Thursday, it was announced today.
FLY ORCHIDS TO U. 8, , MEXICO CITY - Outdoor-grown
shipped to the United States by
DRUMS
COMPLETE SETS Large Selection
INDIANA MUSIC CO.
PAUL H. RINNE, Pres. 115 E. OHIO FR. 1184
ltpiasies arriving in exCellent con-
DOWN
AM, AND &RM. OR AFTER 7RM.
US W. Wash. lL COATS Mid Selection in iH
INDIANA FUR
| wae woewees who MAKE MUNITIONS ror | | ove siawrNG mew!
SEAWAY FIGHT
Backers of St. Lawrence! Project Threaten to
Filibuster. «
WASHINGTON, Dec. 4 (U. P.).— The senate headed toward a bitter battle today as backers of the proposed St. Lawrence seaway threatened jo filibuster to include the project in the pending $498,784 rivers and harbors bill. Charging that the opposition apparently intended to ignore the merits of the plan and “resort to slick” technicalities, Senator George D. Aiken (R., Vt), author of the $285,000,000 St. Lawrence authorization amendment, indicated his forces were prepared to talk the rivers and harbors bill to death in this session of cdngress if they eould not get a vote on the contro« versial amendment, “We are going to keep on fighting, if it takes one week or 10 years for this plan to benefit 135,000,000 people,” he said.
Wants F.D.R. to Do It
Aiken, whose amendment would authorize the President to proceed
tive agreement with Canada, said it would be called up as soon as the senate disposed of other controversial sections of the bill, possibly late today or tomorrow. Chairman John H. Overton (D., La.) of a commerce subcommittee in charge of the general bill, warned that Aiken's plan to push the St. Lawrence project would endanger 1 the river development benefits included in the measure. “By murdering the rivers harbers bill, he will not put into his St. Lawrence Overton declared, Overton’s subcommittee is now holding hearings to decide whether or not the St. Lawrence project can be handled as an agreement or must be considered as a treaty subject to ratification by two-thirds of the senate. Aiken contends. if can be handled by executive agreement.
Hits Yale Professor
Aiken said he considered it unfortunate . that the committee should have chosen to hold hearings at a time when the then Secretary of State Hull was ill and could not testify, and when Assistant Secretary Adolf A. Berle, who handled many of the negotiations with Canada, was absent at the air conference in Chicago and could not testify.” He said it was a question of whether the senate “wants to string along with Cordell Hull”"— who handled the seaway as an executive agreement in the closing months of his secretaryship—“or with ‘a Yale professor hired by the utilities.”
and life seaway,”
erence to Dr. Edwin Borchard, constitutional law professor at Yale,
project should be handled as a treaty.
Incorporations
Miles Laboratories, Inc, iniendinent increasing capital 500,000 shares common stock LE and other amendments, Oassville-Goodrich Co., Inc., R. D. 3, Kokomo; agent: Charles W, Scott, R. F. D. 3, Kokomo; 1000 shares having a par value of $25 each; to conduct a general mercantile Dusiriess; Charles W. Scott, P. BE. Goodrich, C. C. rnes. Joule. Company, Inc. certificate of merger and certificate of preferences of cumulative preferred stock. Cabinet Ist +550 "200-216 W. Main Howard W. Miller, Yo-cum-Allen’ Attica; 25,000 shares common stoc! 80 par value; to manufacture and on containers, radio cabinets, phonograph. cabinets, etc:: Law rence J. Ryan, Joseph F. Riley, George L. Turnquist,
Elkhart,
T0 BE. BITTER
with the project under an execu-|-
The latter was an apparent ref-|.
who testified last week that thel
“banner month.”
by an investor. York has a new owner. at Meridian and Michigd®~is expected soon. An industrial property at-Ninth and Dorman was sold, A filling station property at North and Alabama has a.new owner. “Two properties in the downtown district were sold and. the deals are now in process of being ‘closed. A light manufacturing . building at Senate and St. Clair was purchased for occupancy by the new owner. A vacant property on Meridian north of St. Clair was bought by a concern with post-war plans. A vacant property on Capitol north of Ohio was bought by an adjoining owner. “A multiple unit storeroom building at Market and Alabama was sold. ' A vacant lot on South, east of Meridian, was purchased for use by a concern in the neighborhood. A retail property on Pennsylvania north of Ohio was transferred. A light manufacturing “building on Eleventh west of Meridian has a new owner. The multiple unit rental property at Twelfth and Capitol has a new owner, An automobile sales room on Capitol near Michigan was sold.”
— MONDAY, DEC, 4, 1944 November 'Banner' Month In Downtown Real Estate
The Indianapolis Real Estate Board's downtown committee today reported the following sales during November, Which Jt described asa
-8 . “A three-storeroom building on Illinois north of Ohio was purchased A light manufacturing building on Senate south of New Announcement of the sale of a valuable corner
Local Meetings
Chemical Society
Dr. Quentin F. Soper, of Eli Lilly and Co. will speak on “New Reagents for the Identification of Organic Compounds” at the luncheon meeting of the American Chemical society's Indiana section, tomorrow at the Warren hotel. $ » s .
Realty Board
The six candidates for the directorate of the Indianapolis Real Estate board will give two-minute political talks at the “Candidates Day” meeting, Thursday noon, at the Washington hotel. Three will be elected at the annual meeting, Dec. 14, at noon in the Columbid club. The candidates are John E. Bauer, Jack C. Carr, Harry D, Dillehay, Claude G. Jacquart, A. G. Moldthan and Bruce C. Savage.
38th Street 21 West 38th St.
He who has a systematic savings habit is happy and thrifty. Build up a reserve of ready cash by regularly depositing a definite part of your savings in a SAVINGS ACCOUNT. Start today with any amount of $1.00 or more and keep at it relentlessly. Each account has up to $5,000 cash insurance.
wi 2.
INDIANA TRUST COMPANY THE OLDEST TRUST COMPANY IN INDIANA 117 East Washington Street
*
MERCHANTS NATIONAL BANK THE OLDEST NATIONAL BANK IN INDIANAPOLIS
MAIN OFFICE Washington and Meridian Streets
BRANCH OFFICES Massachusetts Avenue 813 Mass. Ave.
* FOUNTAIN SQUARE STATE BANK
THE PIONEER NEIGHBORHOOD BANK 1050 Virginia Avenue
MEMBERS FEDERAL DEPOSIT INSURANCE CORIORATION
Brightwood 2353 Station St.
DECIDED TO
PUEBLO, COLORADO, A HUNTER LOOKING FOR DEER HAD JUST ABOUT IT A DAY, AND A BAD ONE AT THAT. HE HAD SPOTTED SEVERAL DEER AND HAD FIRED EVEN THOUGH THEY WERE QUT OF RANGE
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MUGEN "First".
A STAR OCKEY PLAVER + ALWAYS INSISTED ON BEING FIRST ON TIT
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MONDAY,
Big Money. You'll be surpr easily you can 1 colds, when you cipe, mixed in y gives you about cough syrup fo you’'lifind it won