Indianapolis Times, Indianapolis, Marion County, 12 December 1944 — Page 25

12, 1944

-~By Williams

RWILLIAMS

0. U. 8 PAY. OFY, 12 2 F BY NEA SERVICE. WNC.

-By Al Capp

--By Turner

) DOES HAVE TALENTS, COLO T SURPRISE ME ) HE LIFTED IT ' HROHTO Al SE

for world supremacy in the rayon

— By BOGER BUDROW - - | THE NATIONAL ASSOCIATION OF MANUFACTUR-

ERS is attempting, through a

first of which appeared yesterday, to plead the cause of |}

free enterprise. In that connection we reprint some comments by Ralph Hendershot, financial editor of ‘the New York World-Telegram, “Speaking for American industry at a time of world political unrest,” Mr. Hendershot says, “and pleading the cause of free enterprise, the N. A. M. is attempting to establish a common level beee 5. - ness an e Mz. Budrow averagecitizen But it has a tremendous gap to Our big-business leaders and e man in the street might be said to speak two.different lafiguages entirely. “Though fine fellows and well meaning, the brasshats in business have lost the camman touch. They haven't been rubbing elbows with the people who live on the otherside of the tracks for these many years.

tempted to do this shmost-impossi-ble job, but, despite their sincere efforts, we fear they have fallen short in some respects.

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. ® 8 THE SAAR BASIN, where Patton's men are now fighting, © western Germany's second mest important industrial ares, nest te the Ruhr valley itself. One-tenth of the Reich's steel and 6 per cent of its coal comes from the Saar. About 1 million people live in the 1250 square miles. Until the 1935 plebiscite, the Saar was run by French administrators. It sends 7 million tons of coal into other parts of Germany every year, making its loss a blow te Nazi war industry. . ” . . THE BRITISH intend to fight

market by building the world’s | biggest textile plant in the linen country of northern Ireland. Planned for seven years, the rayon plant will use some methods and ery developed during the war, boosting production four times the present rate, backers

Panama. . . . plant at Toledo is making - American version of the Nazi Vel Lime-

TUESDAY, DEC. 12, 1044

{BUSINESS

Big Business Tries to Sell Free Enterprise But Forgets What Average Man Wants Most

series of advertisements, the

WHO'S VILLAIN IN WAR CRISIS?

Looks Like Everybody Is to - Blame for Shortages in Munitions.

By NEA Service WASHINGTON, Dec. 12. — Any way you look at the current shortages of munitions they are difficult to undérstand and in many respects they don't make sense. You may read all the handouts on critical items, listen to all the speeches ahout them, memorize all the statistics of demand, supply and consumption, rationalize all the alibis offered by military or civilian production experts, develop blind staggers reading their graphs, curves and pie charts. In the end you are digzier than a blond who has heen through the works in the tunnel of love, and you still don't know the answers. This is where you came in. All the columns of news tches you now read from the fronts and from ‘aghington, all the editorials trying to interpret the shortages of ammunition, tires, trucks, guns and even manpower are of the same tenor as 1040 and 41.

£

the supply problem to the Siegfried or Gothic lines? Were civilian production chiefs

Was the senate committee investigating the war éffort a bit off when it criticized the army for ordering too many trucks and tires—in view of the present short ages?

f

Whe Was Wrong? Was congress wrong in refusing

labor regulations?

Dec. 12 for

ihren Boe.

fe

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conversion C

THE INDIANAPOLIS TIMFS — omes to California

Park.

With cancellation of some war contracts, many small plants in California have started : version to manufacture of post-war civilian products. At left, above, fruit juice pressers, one of the first “aluminum items okayed by WPB, are shown being made at the Monterey Park Products Co, Monterey At right, metal golf bag esaris are shown being made at the Boardman Precision Mfg. Co. at

cellation of war contracts last spring.

__ PAGE 23

TEER

SET SEC PROBE INTO NUT FIRM

Wants to Know if There

Were Misleading Statements,

Trial Examiner presiding,

day.

after the president,

Summit, N. J,, home,

PHILADELPHIA, Dec. 12 (U. P). —Investigation of Elastic Stop Nut 3 Corp. of America, Union, N. J, |@hnds oo whose president committed suicide Nov. 20, will open here Friday with Allen MaeCullen the securities and exchange commission announced to-

Trading in the company's com- |! mon stock on the New York exchange was suspended a few hours William T. Hedlund, committed suicide at his

. The suspension was renewed one

day before its expiration, and is] scheduled to terminate next Tuesday. The no trading ordered also requested brokers and dealers to refrain «from trading in the compapy’s preferred .stock and deben- | tures.

partial recon-

Alhambra, Cal. These and other peacetime implements have been made as “fill-in" items since can-

HOG PRICES DIP

MAGMA MAY BUY ARIZONA ORE TRACT

(U. P.) Gov.

Good te cheice Culls

Ibs, white and ba ored s 2c;

490; No. 2,

Common ta ‘medium ..

10 CENTS HERE

Local Decline Is Confined To 160-270 Pounders;

Were Good, But— | Market Active, The cumulative impact of the cur-| The Indianapolis livestock market rent production crisis reports is that | was active today with 160 te 270this is A Hyer nubionl disgrace | pound logs down 10 cents from than Pear! thor three years 8§0.| yesterday, the war food adminisfrying to fix the blame for What-|i{ration reported. Others remained ever it is that has happened.on the |gieady with the top price $14.50 for home front may be about as frull-| pags of 200 to 240 pounds. less as trying to fix the blame for| Recenits included 11500 hogs, what happened at Honolulu on Dec. (3000 ‘cattle, 625 calves and 2000 9, 1041. tem, By BG: me that sheep, the WFA announced today. everybody - — lectively, start getting mad? GOOR TO CHOICE HOGS (11,500) w0- 1 WAR cesrispnsoyss [email protected] biliane, Production "BY and cA | | 168 bouts rr IAB and “M's” and probably Ah's end| 180- 300 hounds Hie 30 Oh's have been awarded by the con-| 33. % poun . [email protected] voy load to management for the| 30-210 pounds : Riel swell it has done, Labor with| 3oc- Tithe 1... 5 capital L has alternately bosn| si. i bounds I 10 kicked on the backside and patted ue 230 POURAS .....e0.onen [email protected] itself on the back for the t has Packing Sows done. The army and avy are | Cod oo pounds [email protected] bigger and better than any army or ug 33) pounds .. [email protected] navy have ever been before. The) 3 {of BOREL ©: EIGHT the kiddie car with ome hand while| 168° $30 pounds «vrei JE0G1AS heading up a rivet with the ather. fum- ; We're good=-there’s no denying it. | 39 80 pounds [email protected] a a and to Mo 120 orale” a 9.00912.00 wer ur - pounds ............. A : Somervell, we haven't begun to CATTLE (3000) Te eh it jingu Passes no’ on.y "1100-1300 poun i [email protected] tion but a couple of production 1300-1500 pounds . [email protected] miracles as well, ad-200 pounds ... . [email protected] Why? Why? Why? 1200-1300 pounds ..saesiaeiss 13T0GIES What happened? It isn't enough |L30%;1500 pounds + 14.0016 ¥ itt this of %s mere wiatortune wio0-130 bovnas 111111000 TE SOGHRT . INMOonN—Why should there be billions of | 700-1100 pounds ............. [email protected] dallars worth of surpluses to dispose Chote Heifers dems ul when Siete 85% billions of Solas 800-1000 ‘pounds -.oennerrres 19.80010.00 Why millions of surplues, over-age 600- 800 pounds t...ee esses [email protected] dry cell 1 when the dry 0.1000 pounds .isceeeecess [email protected] Twat, or. Toi rms Bb oa PCy il" wiht) "g 12 should supply ships have fo Medium AERTS EYER IE EEhY vs i a 0 ride at anchor unloaded? 8|can . people is Sars. Soouer 2) plan in Goats Bulls (all weights i advance loading Good (all weights) ......... [email protected] docks and build portable railroad Sausage. LR bridges in England to replace thosé| Medium =~ 00 0 0000000 [email protected] bombed in France, why hasn't the| Cutter and Soaned Gy" 6.50@ 8.76 same people enough genius to lick C )

Vealers (all weights)

Fesdor and Bgeker Cattle and Calves

Cholce— 500- 800 pounds ........ eess [email protected] 800-1050 pounds s.eceveeses. [email protected] 500- 800 pounds ...vesi.eee. [email protected] 800-1000 pounds ...seeeeeess [email protected]

Medium 500-1000 pounds ...eeeeeee.. [email protected] Common— 900 pounds ...ii..ons we 1.00 0. Calves (steers) Good and Choice 500 pounds dows ......0.0.. 11.35013. Medium— 500 pounds down ............ 2.009011.25 Calves (heifers) Good and Choice— 500 pounds down ........... [email protected] Medium 500 pounds down............ [email protected]

SHEEP AND LAMBES (2000) (shorn)

Cees rannr enn

LOCAL PRODUCE oid breed hens, 22¢. Leghorn hens, Broflers, fryers and roasters, under § or an tras, Som.

EEE

WAGON WHEAT a, “eat ose? SHES ts Sievaiors $1. put ne joo Ro Rats, 2 0. 3 be or No. 3 Fr shins, o0 Slog, 080 pr viol 452

[email protected] | .. [email protected] 6.00@ 9.50

338 1% gus at 2.008 10.

ceases

Magma Copper Co. has taken

closed today.

purchase option op a large mineralized tract in Arizona, about 45 miles northwest of Tueson, where its mines are located, it was dis.

month to determine whether or net the ore body is commercial. All the drilling to date has been |dqne by the bureau ef mines for

NEW YORK, Dee. 12 (U, P)=the present owners, the company

sald, and added that apparently

the area contains a large body of low grade copper ore.

Nu-Enamel Corp. nine months ended Sept. 30 net income $08,069

Company officials revealed plans or 30 cents a share vs. $73,887 or 23 to initiate a drilling campaign this cents a year ago.

a Centers About Debentures,

The SEC sald the hearings, which = are t6 be public, will seek to de4 |termine “whether any person “has|g violated or is ahout to violate any provisions of the securities exchange

act.

The commission said it will focus

particular attention on the “ade. quacy and accuracy" of the. registration of the company’s $3,500,000 issue of 5 per cent sinking fund debentures which had warrants for the purchase of commen stock attached. This registration of debentures became effective last Jan, 14

tive Sept. 29.

commission said,

state any material”

and the registration of this $1 par value commen stock became effec

“It is in the public interest,” the “to determine whether the registration or the application for registration contains any untrue statements or omits to

39 3 pl 0: 15% 1 ih - J. d m oo, 106% 166% 106% .... : im hs Al in Anacondn ...... 38% 98% 38Ve .... National Campaign in Swing Altman >." We 181 we Za Al Remning \ 30 ams sew — 'w| 10 Encourage Greater Ben Th Lean.. 3003 IO a0 =n es : -— . Beth Steel ..... 64% 6 8 — ir Br fe Bu C8 wa frudliction ” mer .. } -— Caterpillar © 80% 40% #% — | WASHINGTON, Dec. 13 (U. P). oe . S + ~ rer 5 5 §7 —~ 13|—War production officials are f v 34 5 4 Ae en Dougie Aire. #5" og" oo + 'va|launching a concerted drive to perDu Tt aT oe 41% cr |suade commercial institutions— Gen Motors +. i, ul Sie - 3 stores, banks and other similar of Goodyear ....,, 0 7 How Greyhound Gp’. 3 ail #4 = ii|vilian establishments — to “loan” ester y u y Johns-Man old 109 i ne I 4 manpower to vital war industries Kennesett a 36% 3% 3% -— ba for 90 days, it was learned today. OCF Glass 53% 83% . 52% + | The campaign is part of the overLockheed Alrctt 204 #4 lh + all drive to find an estimated 300,~ Loe .s eae A Y —— Martin (Glenn) 1% 2154 217% + Yh 000 additional workers for critical Mont’ Ward hey 0 8a S2% - Ja | war industries such as ammunition Nat Bigeust oo) 8434 9412 #3 1 i Producing plants. Other steps being Nat Col Cas th 1% i (taken to meet this need include 0 36! } . NY Centra! aid 0% aiid - v | tightening of selective service de= tackand air Bi 3 J ol Tatmett feguintions 1a evel: es ‘an Am r by) 5% ~ YW " Pp A fesre 7 7 penn Ra [700 Thy '3 r+ %|sential industries, Phepa Oodge ' 2% 4% 38% + The “loan” idea, it was said, has Bumsh TG 4% 1 core manpower-siar paces ana ure Oil ....... 16% = | certain Te Repub 8ti 104s 18% 187 — na in pi a ue Reyn Tob B 32% 32% 32% te prov su . nder it, Schenley Dist. 3h 3 3% +s |commercial establishments will be Sacony-Vacuum 13% 1315 1350 7." {asked to loan a certain proportion outh ac FR } 38! 398! -— Bd hands 1g WMA TC et war industries for . dT% dT 374 — %| ho od ol rc he fir Bs — %i00 days, with the workers to return Texas Ca “e 4 Ky 64 .... [to their commercial employment at t ent . 1 7! 7% — § » ne Sha: ta nh 1k, — 3 the end of that time, U8 Bleel i 8 84 Sl -— %| It was said that the 90-day period Wasting Bi... 116% 1161s 1161s — 1 |Was selected because officials beZenith Rad ... 39 18% 38% — ly|lieve that within three months the ee most critical needs of the armed ENTERS TELEVISION FIELD |r 0. oii be Mover the hump” and NEW YORK, Dec. 12 (U, P.).—|that the critical manpower situation Plans of Western Electric Co, to|will have been solved, to some demanufacture television transmitting gree at least. equipment after the war were announced today by F. R. Lack, vice] MACHINERY COMPANY SOLD president in charge of operations, PHILADELFHIA, Dec, 13 (U, P.), GOT YOUR $180? —Purchase of the Textile FinishWASHINGTON, Dec. 13 (U. P.).!ing Machinery Co. Pravidence, R. —Money in circulation per capital, by the H, W, Butterwerth & on Nov, 30 amounted to $180.5f, a|3cus Co. Philadelphia, was anrise of $4.12, since Oct, 31, the | nounced today by the Butterworth treasury disclosed today. eompany.

PRODUCTION FALLS . ON FARM MACHINES

WASHINGTON, Dee. 13. (U, P) ~The war production : - today that

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