Indianapolis Times, Indianapolis, Marion County, 20 December 1944 — Page 19

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s ® 30¢ Wildcat” H’ Bas YW NIGHT

h Village

goria ian

SIDE and Open Daily ware 1:30 P. M. red Astaire

[ INN”

—Jack Haley ] BIG”

EY |

Tn Ray Milland IE DARK”

Janis Carter IE CASE”

Lynn Bari ' OW-DOWN” inds Darnell STORM” rant amb antsifonnd

30th & Ninos TA-7400

ennis Morgan rvest Moon”

"WEDNESDAY, DEG: 20, 1044 _

NESS

OPA Chief ‘Wants Post:-War Products to

BUSI

Sell at 1942

MANUFACTURERS WHO

By ROGER BUDROW

Levels With Big Volume

SEEK OPA’S PERMISSION

to raise prices on new civilian products, to ‘make up for higher labor and material costs, are being refused in most

cases. Charge the same as you

did.in 1942, says OPA, and

you'll make more money because you'll sell more.

That is good news to.the man in the stréet, if the OPA can make such a policy stick. ; Chester Bowles, the OPA chief, is certainly not “anti - business” but he believes that there are too many, businessmen who want to take the easy way out of the higher labor and material cost problem simply by raising ¥ prices. . : He, thinks, as Mr, Budrow 4, others in the administration, that total wages must be maintained to hold up purchasing power and that ~husiness can make its profits and the country have its higher standard of living, not through high prices which would stifle buying, but through 1942 prices and big vol-

ume. ¥ . GOOD TO CHOICE HOGS an There will be exceptions, natu- | 120. 140 pounds ... Le 12, ; rally. But Mr. Bowles believes 1: 1% Joungs ses ye most companies going back into| 180- 200 pounus ..... Mcgee the civilian market se stick “to | 20° mn pounds ree 14 30a14.55 1942 prices for several reasons. 240- 270 pounds... . 45 First, the war has increased our 3%0- J Pound ee : J3 00 4 productivity because sO many new, 830. 380 pounds 14.40 faster and better machines have |MECWRS a0... [email protected] been bought by industry. Second, Packing Sows it won't cost as much to sell be=|cood to Cho'ce— cause almost everybody and his | 270- 300 pounds ...ce.eeeeean [email protected]% 300- 330 POUNDS «eucerenssens [email protected] brother wants to buy. Third, | 330. 360 pounds ...cc.eee.... [email protected] “dealers’ spread” can be cut. For | 360- 400 pounds ssecssnssee.. [email protected] example, in the old days, the auld. eo. 450 pounds ............. 135081368 makers allowed dealers a big 5, ss POUT su.eiiseenies [email protected] “spread” so. they es pay Jueh 250 800 pounds... oL.. [email protected] prices for used cars a trade- aughter for new ones. It Yont be Decea. M50 To pounds akin” [email protected] tim Brig Po -, 1%o0- 500 pounds s [email protected] a un 900-1101. pounds. .. 16381130 1100-1309 pounds .....eceee... [email protected] SMOKELESS POWDER, which [1300-1500 pounes . [email protected] is the stuff that sends be heli Cooa 0 poubds » 12 3091033 on their way, can be made o e 300-1100 poul.e sve 13.30 16.28 same sulphate pulp ask is used 1300-1500 ound oo i [email protected] to make brown wrapping paper. Medium In fact, it has already been done 1100-1300 Bova 11% B30 - jie : his gover nent powder C300-1100 pounds [email protected] nt a arlestowh, The new process, developed by ‘| CORES ogy | .. 15.00016.%5 Western Cartridge Co. at Alton, | 800-1000 ES aversronssers 180102 IL, is cheaper than making | SG0C750, oounas coroner [email protected] okel wider of cotton linters | 400-1000 pounds ...eieeseesse 13.000 15.98 ping sulphite ulps used to make |M um or on ps ui aly St. Jue POUNAS ...eveeeeses 9.50013.00 fme paper. sub orests. | 500- 900 pounds 8.00@ 9.50 comes from Southern pine f ands s = =» GOA ......oeiverauniethens 11.00013.00 Medium . ....ereiivarrsnaines 9.50@11. INDIANA'S retall stores, not utter and common... 813G 9.50 counting chain or department stores, GRBs stn as BERNER an le sold 10 per cent more in Novem- | Beef— her than they did a year ago. the A weights) ......... [email protected] commerce department reports. Sales ceeneenieaniuanen nana 10.50812.00 in 16 department stores were up 13| Cutter and common ... 1308 0

per cent over November, 1943. In Indianapolis, 109 retail stores reported their November sales were

11 per cent over a year ago and 101"

« per cent over October this year. » . 8 ODDS AND ENDS: Rheumatism is increasing in Britain, possibly because of the damp air-raid shelters, blitzed houses and wartime diet; next to respiratory diseases, rheumatism causes more time loss in industry than any other malady. . . . Bottles of blood plasma can now be parachuted 10,000 feet without breaking, by using special wood boxes. . . . Underwriters say about 45 utilities are planning to. refund present bonds for ones bearing low=

er interest rates. . . . The justice|$2%d

department isn't ready to say whether it will crack down on the National Association of Securities Dealers for disciplining dealers who cut prices when the $38 million bond issue of Public Service Co. of Indiana back in 1939 didn’t sell as well as expected.

Swiss Short On Tobacco, Too

WASHINGTON, Dec. 20 (U. P.). «The shortage of tobacco has forced several small cigaret manufacturing establishments in Swite~ erland to cease operations, the department of commerce has reported. Others have curtailed deliverfes as much as 50 per cent. Tobacco held by Switzerland in

Spain and Portugal is being given |L

first priority in shipment of Swiss import goods by road through France.

INDIANA UTILITY

FEES ARE APPROVED:

PRICES STEADY

ON LOCAL HOGS

Market Is Active Here as

8000 Porkers Reach Stockyards.

14.60. The market was active. Receipts furnished by the WFA were 8000 hogs,” 1425 cattle, 650 calves, and 1300 sheep. ’

Good and choice ............. [email protected] Common to medium A 6.50 Ml ce caeicasewrnsaresrinsine 0.00 ves

esssnnentene jen ves [email protected] esnesessvess [email protected] sessnssnses 15a Medium— 500-1000 Pounds” ...eceeeeess [email protected] Common : Mevasvswnsss . 1.500 8.7%

11.35013.25 9.00011.36

Good and Choice Medium

srs rnanan

LOCAL ISSUES

anapolis securities dealers, STOCKS

Indpls P & L co Indpls Railways Indpls Water Indpls Water Jeff Nat Life co Kingan & C Kingan &

Hog prices here were steady today, the war food administration reported. The peak price for 200 to 240 hogs varied from $14.50 to

o! forts employed by Carl L. Norden,

““Inumber of sources of supply of

00| Goldman, Sachs & Co. today was

50! same site now occupied by the pres-

Ewes Q CHOICE wee ssrrersse 5.00@ 6.38 Good nd Rie 2230 800 ORDERS CAR FERRY oo and choice . B1s@14T CLEVELAND, Dec. 20 (U. P.).— MAGIA DY $004 «sree rereees 030g 1338 The Pere Marquette Railway Co.

Nominal quotations furnished by Indi-

NORDEN DENIES |

JURY'S CHARGE

Claims It Did Try to Help Remington-Rand on Bombsight.

Times Special NEW YORK, Dec. 20—Carl L. Norden; Inc. today asserted that government indictment down here yesterday charging: it with conspiring to slow down pro-

duction of the Norden bombsight|

was “utterly fantastic and untrue.” The indictments, which also named the firm of Corrigan, Osburn & Wells, Inc. industrial engineers, charged that Norden deliberately provided Remington-Rand, Inc, of Elmira, N. Y., sub-contrators for a bombsight unit, with incomplete and inaccurate specifications in an effort to retain complete manufacturing control of the product. It was further charged that engineering firm, through Cmdr. John D. Corrigan, U., 8. N. R, a concealed partner, conspired to obstruct the honest administration of navy supervision of war manufacture for the purpose of obtaining more business for his firm. Help Acknowledged In today’s denial. Carl L. Norden, Inc., charged that not a single bombsight manufactured by Rem-ington-Rand at Elmira was accepted by the navy. “Government records are replete,” it added, “with evidence of the ef-

Inc, in training and developing a

bombsights and critical parts of the bombsight not only before Pearl Harbor but ever since then. Not only did the Remington-Rand Corp. receive the fullest co-operation of Carl L. Norden, Inc. but Reming-ton-Rand has repeatedly acknowledged this fact. Cites Five ‘E's’ “To allege that Carl L. Norden, Inc, and its officials conspired to interfere with war production is to state a vicious lie and is an inspired attempt to cover up the utter failure of Remington-Rand Inc. to produce bombsights acceptable to the navy in the plant formerly operated by Remington-Rand. Inc., at Elmira, N. Y, “The government's recognition of the Norden company’s contribution is best evidence by the five consecutive awards of the army-navy| “E” for efficiency in production.”

GOLDMAN, SACHS CO. MARKS ANNIVERSARY

NEW YORK, Dec. 19° (U. P.).—

celebrating the end of 75 years of industrial and investment banking. Founded by Marcus Goldman in 1869 in a small basement office in an old four-story building on the

ent banking house, the firm's first business was the purchase of bills receivable and commercial paper from merchants in the diamond and leather trades and the resale of these notes to the leading comercial banks of the time. In the 1880’s, when a son, Henry Goldman, and a son-in-law, Samuel Sachs, entered the firm, the business whs broadened to include deal. ings in securities, and in 1804 ‘he company became a member of the New York Stock Exchange, with Harry Sachs, Samuel's brother, being admitted to partnership and becoming the firm's first stock exchange member.

has awarded Manitowoc Shipbuilding Co. a contract for the construction of a new, all-steel car ferry to be used in the transportation of loaded freight cars across

handed |,

_ THE INDIANAPOLIS TIMES, _

pi.

5 Better off

U. S. Civilian |

-e

5 mr

1943

necessity, consumption in the U. 8S.

pre-war 1939, than 20 per cent of what she was the war.

The above chart shows the percentage index of real or living

war we have been able to provide almost 15 per cent more than in In comparison, Britain has, failed to produce more

and Great Britain, During the

supplying for home use before

LIVING COST HIGHEST IN NEARLY 19 YEARS

NEW YORK, Dec. 20 (U. P).— Living costs of ‘average American wage earners and lower-salaried clerical workers for November rose to the highest level in almost 19, years, the national industrial conference board reported today. The board's November index of living costs stood at 105.2 per cent of the 1923 average of 100, a new high since February, 1926, and 223 per cent above the level of January, 1941, the base month of the Little Steel formula. November living costs were up 0.1 per cent from October and 1.4 per cent ‘ from November last year. Month-to-month' gains included 0.3 {per cent, for clothing,. 0.1 per cent for fuel and light and 0.4 per cent for sundries. Food and housing remained unchanged. The purchasing power of the wage earners’ dollar in November in terms of 1923 goods, stood at 85.1 cents against 96.4 cents a year ago.

Welders Hear

Peoria Speaker

Walter J. Brooking will speak to the Indiana chapter of the American Welding society Friday at 8:15 p. m. The meeting will be held at the Riley hotel, and the speaker's sub - ject will be “The Welding Engineers’ Job.” Mr. Brooking is director of testing and research for R. G. Le Tourneau, Inc. of Peoria, A Ill. He will il- " Justrate his talk = MT Brooking with motion pictures taken of improvements made at the Le Tournieau plant.

NEW FIRMS AND PARTNERSHIPS

The Tool Equipment Co., 333 N. Pennsylvania st. Manufacturer's representative, Jabes H. May, 4638 E. Pleasant Run pkwy.; Mildred M. Jones, 410 N, Meridian st. North Side Music Shop, 50 W. 34th st. Sheet music and phonograph records. Dane Ballinger and Nellie Ballinger, 114 E. 27th st. Fred E. Dunmeyer a . C. Dunmeyer, 308 N Gladstone ave. Friendly Tavern, 2641 W. Michigan st. Tavern. Arthur Benn 4240 Carroliton ave.

INCORPORATIONS retin

Weiss and Neuman Shoe Co, Inc, 1511 Merchants bank bldg., Indianapolis; agent, Jacob 8. White, same address; 500 shares of 3100 par value; O. E. Abele, A. L. Pr, Lo Watts, Cammack Implement Co. Inc, Came mack; agent, Albert J. Read, R. R. 1, Yorktown; 200 shares of $10 par value; Albert J. Reed, Robert J. Reed, Kenneth Rowles, Indiana Draft Horse Breeders’ associa-

Bid Asked | the Detroit river, between the comAgents Pin COTP COM ..oevveee 1% sone ’ - Agents Pin Corp pid veveesrs n iW" pany’s American and Canadian Avteshy re € oll on . HH lines, the railway announced today. Bélt R Stk Yds pfd ees en Bobbs-Merril J 8 ore FIRM CHANGES NAME Central Bova com rrr 3044 ow YORK, Dec. 18 (U, P).— cle Theater com fas e name of Aircraft Accessories *Comt § 108 y on, Pt 14% | Corp. has been changed to Afreon *Electronic Lab com .......... * 8% ‘Manufacturing Oorp.,” R. C. Walker,

... | president, announced today.

N. Y. Stocks

A Blended Whiskey. 96.5 Proof. 65% Grain Newirsl Spirite

» on again a ay he

selection

Cas

ater ua. Tins Sa

Cins,

ok wis 6

, Net |amendment of articles of incorporation. “| Allis-Chalm Buh Low Lan Change Crucible Steel Co, of America, New JerAm Loco se 77% 26 26 - sey corporation; certificate of retirement Am Rad&S8 .. 111 od ~ % lof shares of b per cent convertible pre[Am ROAL.: 11s 1dr 1b" — ve|ferred gock. ’ Am TET .....164% 164% 164% - 3 | Stephano Brothers, Philadelphia, Pa; Z Am Tob B 65% 65% 65Vs — ¥ registration of trade-mark “Rams,” class ; “2 Am Water W 8% 8% 8% ~— 417 tobacco products. : yz Anaconda 28% 2% 27% = %| Tubular Alloy Steel Corp, Delaware — ” Armour & Co... 3 2 ot “in corporation; dissolution. senses a % ~~ 1%| Pioneer Equitable Ins. Co. of Indiana, / At! Refining ..s 30% 30% 30% .... |Lebanon; amendment increasing capital > Ifo ct.. 26% 28% 25% ~— % stock to 34,000 shares common of $10 par vz Ben In n . 19% ih i = 3% value and 16,000 shares préferred of $10 al cease — par value. cviaeas Sit 33% 38% — ib] Robin Redbreast lostery Co, Ine. New 18% 48% 1 Bork Sorhorations Range of agent is umley, 108-09 8S. Michigan st, "we oh “ ke South Bend. 5% 5% .... Gausde Caie, Inc, Columbus; dissolution, 61% 07% = 1%] Nvans Pur Co. of Indians, “ Rest aks 156% 100% — % Wayne; dissolution, 3» 3% ~~ %| Sprinkle Machine Co., Inc, Oalveston 40% 4 + % agent, Robert M. Sprinkle, same a 6% 63% —~ Wl} shares without par value; ene 51% 51% ~— 2% |gage in business of welding, fabricatin vo ian Re Be — a aud Jhanulactur} tools; Leonard — nkle, Ton " un ti — Motier. }, Bugle, % = {| United Machine Produ Ine, Iino 28% 3% —- 7" corporation; withdrawal. a, ’ » 19% 10% «= 3% | Becker Roofing Co. Niinols corporation; aiid sp 74% WU% = Y |8mendment, ’ 0% - ’ 50 0 ~~ % owe ue ci owe 2% 36% 6 — % ED 1913 Som Ech A, om 5% hI ews * «Hh OM Mu Ya 107% 107% Yel a wm 5, = 3 THO N & MY ) - y

I -

BETINEREESS

FEFFIEF

tion. Indiana corporation; change of name by deciee of court to Indiana Draft Horse and Mule Breeders’ association.

Bendix Home Appliances, Inc., Delaware corporation; change of agent to Jacob 8. White, 1511 Merchants dianapolis, Hangon-Van Winkle-Munning Co.,

New

of first peeferred stock, retirement and decrease of second preferred stock

Joseph Shapiro, 1429 Sturm ave; |

ank bidg., In-

Jersey corporation; certificate of increase

and

Milk Labels Teach English

NEW YORK, Dec. 20 (U, P.)w= Borden labels are giving some Russian fighters their first knowl« edge of English, the company disclosed today. A letter to the company from a Russian partisan in the Bryansk forests gave the first report of how the labels are being used for English lessons. The- partisan reported hardships, brightenéd only occasionally by supplies dropped by parachute from Soviet planes. Among these gifts were tins of American food, including some bearing the Borden label. The Russian fighter, with a translator and using the labels as a primer, taught his comrades the rudiments of English.

LOCAL PRODUCE

| FACE PRICE CUT

knowledge of English, served as a’

Heavy breed hens, 23¢c. Leghorn hens,

WAR CONCERNS

War Department to Probe “Producers, ‘Making Too Much Money.’

WASHINGTON, Dec. 20 (U; P.) ~~ The war department said today that it'was instituting a new pricing program which would require war goods producers now making too much money to lower prices during the“coming year. War department pricing “teams” will examine price policies of all companies subject to renegotiation of contracts, as well as some other companies, to determine which concerns charge too high a price compared to costs. “By adjusting in advance any prices which are unduly high,” the department said, “the program is designed to eliminate excessive costs, as well as the excessive profits which are now returned to the government in statutory renegotiation.” System Lightens Taxes The war department said the new system not only would increase the efficiency of business but would save taxpayers money. Col. Fred C. Foy of the purchases division explained that when manufacturers’ selling prices are not much higher than their costs there is an incentive to reduce costs, which in turn means saved materials and manpower, Concerns which keep prices to the government close to costs will “receive favorable consideration for a higher rate of profit” if and when their contacts are renegotiated, the war department said. Close prices will also be a factor in determining which concerns will keep their contracts when production is cut back.

U.S. STATEMENT

WASHINGTON, Dec. 20 (U. P.).—Government expenses and receipts for the current fiscal yéar through Dec. 18, compared with a year ago:

This Year Last Year Expenses $44,871,840,070 $41,974,908,01 War Spending 40,980,618,576 39,184,550,643 Receipts .. 17,436,443,307 16,603,315, 54. Net Deficit .. 27,435,405,263 25,281,502,210 Cash Balance 21,504,343,025 12,080,273, Working Bal.. 20,741,448,183 11,326,532 409 Public Debt. . 230,035,671,616 169,951,060,953 Gold Reserve. 20,646,213,805 22,003,947,041

INDIANAPOLIS CLEARING HOUSE

will

classical music, popular music and feature programs—free of ads but at a cost to the listener of 5 cents a day—was originally put before the FCO last October when the commission held hearings on post-war allocations of frequencies. L. Weiner, formerly an attorney for

Battle on for Post-War ~ Radio Programs Minus Ads

having filed an “objection to the granting of radio wavebands “Subscription Radio,” the battle line has- been drawn. before the federal communications commission in Washington on Whether thers radio entertainment without advertising in the post-war World Application for license to operate a three-channel radio. service

tion of Broadca

It is from

Joseph grams. By the office of price administration, appeared before FCC at that time as attorney for a group ‘headed by William Benton, chairman of the board of Encyclopaedia Brittanica, Beardsley Ruml and Robert M: Hutchins, president of the University of Chicago. After the war it is anticipated that Chester Bowles now head of OPA, will be associated with the Troup. An orginal application to build an experimental station to test their idea was made by Muzak, Inc, in 1941, but materials shortages interfered.

FM band a

broadcasts.

Oppose

multiple

chains. gfart in Big Cities

scription Radio has been christenet pig squeal radio, and it is from thi licensed ‘rental A the service would collect its money to finance its broadcasts and p

squeal frequencies at one end of ence would be given to other

The problems of rental collection and preventing home radio mes chanics from making their © filters to eliminate the squeals ha yet to be announced.

Biggest stumbling block for Sube'® scription. Radio to overcome ls thels ownership rule whichi® limits operation of broadcastin

Opposition of the National Asso=

this device that Sub

of the filter

putting the three pig

minimum of intel

‘Marked’ Programs

Today Subscription Radio has plans for beginning service in New

ciation of Broadcasters to Sube scription Radio as presented in the |

York, Chicago "and possibly one other metropolitan center, offering their programs as a complete “fam. ily-package” of entertainment, giving the subscriber a 24-hours-a-

day. Included in

grains, children’s entertainment

other social agencies.

kilocycles. Squeal Prohibits Stealing

non-subscribers who have

all their “marked”

day choice of either of two types of continuous musical programs or a variety of feature programs to be offered at the same time each the , features would be news, educational pro-

cultural lectures, or programs conducted by Boy Scouts, charities or

Technically, the backer8 of Subscription Radio would like to have three frequencies assigned to them at one end of the F'. M. or frequency moulation range of ‘42,000 to 50,000

To keep their programs from being swiped or listened.in on by not kicked in with their nickel a week, broadcasts would be with a distinguishing shrill “pig squeal” which would spoil

NAB brief is that all channels will be too crowded for “marked” broade | casts, licensed to a privileged group for point-to-point fransmission of material which really should be cars = ried by wire as on any other public address system. Such point-to-point transmission = is claimed to make radio a limited .| common carrier, confining servic! to those who can pay the price, Finally, it is claimed that radio = broadcasting as now organized im = the United States has served thi public well, giving listeners what they want free. Countering these claims, backers of Subscription Radio say that the have no desire to limit or supplan present-day radio, but to add to i They point to an increasing towards talk programs on commers clal radio, advertisers seeming to prefer aggressive comedy and quis entertainment, with less good music and feature programs of the type they propose to supply. And they bank heavily for their demand on listeners who say they are fed up

the program for anyone whose FM

C. Brollers, fryers and roasters, under §[CIeATINES ..........ceveerionnes $ 5,679,000 tos... white and barred rocks, 25¢; sol- POURS ores snsenrsrsanvans 19,396,000 ored springers, 23¢c; Jeghorn springers, 3lc. A ————————————— 3 roosters, Mc. wots. “Ie » » Cessna Aircraft Co. fiscal year urrent receipts, ; grade rey He, grade A medium, Sho: ores A ended Sept. 30 net income $1.102,039 small, 20c; no grade, 36c. or $157 a share vs. $2,208,414 or 850c. Butterfat—No. 1,

Butter--No . 49c: No. 2, 36e

$3.15 previous year.

set was not equipped with a patented filter to sliminate the noise.

on what they get out of the loud speakers today. :

MSKINNON

SECURITIES + COMMODITIES

= Hv has thousands St calls fo deliver this Christmas

Many are RUSH, URGENT, IMPORTANT — for there is no holiday for war. So please use Long Distance only for essential calls on December 24, 25 and 26..

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of dssentla

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