Indianapolis Times, Indianapolis, Marion County, 22 May 1945 — Page 7
ighball hia... 1-quale .. Yet often!
JTRAL SPIRITS
ae retierb——————
rT I A
assembled as many as 3700 trucks
: arms plant at Liege, Belgium, is to
& China.
RB has sold the allies a number of
] Ine.
. and stops at Pt. Wayne would be
| indication of the rush to get into | goods business is the announoce-
Business
gest moving day in history, th Europe to the Pacific,
. Heavy tanks are being rushed | -from Germany to French auto
plants for a complete overhaul before Being disassembled and created for shipment
the Pacific, re-
Salk: And heavy truck engines are being rebuilt in French {factories ~—gome of them branches of U. 8. companies—at the rate of 700 a day. The Ford plant in Antwerp, which
and jeeps in a month while the war was on, will go into reverse and disassemble them for shipment to the Far East. Bell Telephone in Belgium, using supplies hidden from the Nazis throughout the occupation, has 80 per cent.of its 4000 employees -rebuilding and repairing communications installations for allied military forces, B. PF. Goodrich febuilt its bombed plant in Paris and is turning out 500 tires a day, half for the allies, half for the French, It expects to reach 1000 a day when its skilled workers return from forced labor in Germany, The gontinent’s biggest small-
rehabilitate ‘36,000 machine guns .before they are shipped to the Pacific. The same firm was stripped of half its machines and 25 tons of leather transmission belting by the retreating Germans but was able to luce a major part of the 1% million Ji vugteel tanktrack extensions which help pull armies out of the Rhine mud, and which can do the same thing in
American army officers have reopened the shell-scarred Ford factory at Cologne to assemble trucks for occupgtion forces. Switzerland
new passenger cars for army staff officers. Belgium is preparing to send great quantities of wood and paper for packaging. Thus industries once used by the
axis are being turned quickly against the last of the infamous trio—Japan, :
TWO AIRLINES have dropped | storms will have ‘spent themselves.”
scheduled stops at Ft. Wayne. because of the condition of the airport there, it was learned today. Transcontinental & Western Air, has ordered its Chicago, South Bend, Dayton, O., flights to eliminate the Ft. Wayne stop because of “field conditions.” Chicago & Southern Airlines, which will begin its Houston to De-
TUBSDAY, MAY 22, 1048 ___
to
ports Business Week's foreign
Ss
Europe's Factories Repairing Army arg Equipment for Use | in Pacific War| | By ROGER BUDROW 5 EURQPE'S FACTORIES: ARE HELPING with the big-
SEE RACE FOR STEEL PLANT
Bid for Geneva.
United States Steel Corp. can be expected to “bend every effort to outbid the Kaiser Co. and the Colorado Fuel & Iron Corp. for the government-owned Geneva steel plant at Provo, Utah, the magazine, The Iron Age, predicted today. The trade journal explained that U. 8. Steel years ago had looked over plans for a mill at Provo, but had decided against Jocating a plant there. However, the magusing said in a special review of the Geneva steel plant situation, “now that the plant has been built and because the corporation hopes to hold on to its position on the West coast, it is probably the most earnest prospec« tive purchaser of the Geneva steel plant.” U. 8. Steel Operates It U. 8. Steel currently is operating the Geneva plant, and all three companies are willing to operate: it {after the war. - There are reports that at least two of them are in» terested in acquiring it on a lease basis. It is also reported that at least one has indicated it is interested in a consummation of a deal which will include the furnishing) of facilities for producing p ; other than those now being made. The : unusually high investment in Geneva, however, presents “the | major stumbling block”. fo DPC in | arriving at an acceptable price for the plant, the trade authority said. “Most prospective buyers,” it continued, “claim that Geneva, as it now stands, is not a post-war plant and its price should include writeoff of ‘high-cost construction plus provision or allowance by DPC for additional, more diversified rolling mill facilities, By the time divergent views of DPC and prospective operators of the plants are reconciled much water will. have gone over the dam and as many political
Would Avoid Lay-offs
‘There is a strong argument in favor of keeping the Geneva plant producing, if possible, until purchase or lease negotiations are completed and conversion to peacetime production can begin, the magazine declared, and that is the problem of lay-offs should the plant be forced to close,
troit flights, via Indianapolis, on, June 1; also has decided to postpone its planned stop at Pt. Wajme | because of “inadequate landing facilities.” : Both airlines said they - understood that Baer field, the military airfield at Pt. Wayne, is scheduled to be turned over to the city soon,
resumed, . 8 9, AROUND THE STATE: A good
the radio and other consumers ment by John Meck Industries, Inc, of Plymouth, Ind, that it has all the jobbers it wants and won't sign any more; Meck hopes. to make 2000 radios a day in two months after he gets the green light, , , , South Bend and Ft. Wayne have been reclassified hy the WMC from Group 1 critical labor shortage areas to Group 2; Indianapolis is still in Group 1.
. . . The Magnavox Oo. of Ft | N.Y S k day. PARTNERSHIPS *|the Polar company since 1919, and § Wayne is thinking of opening a * * toc S The rubber, a special synthetic | vice-president since 1927. His father, | | 8 lant in Chicago to e d its devel Moore Equipment Co. 1628 Bates. - Man-| William P. Jungclaus, was ore of | p Xpan Net eveloped by the company, is used {ufacturing, Robert P, Moore, 830 Leslie, th inal stockholders and served | output of expensive (up to $500) High Low Last Change in the form of crimping rings in| Willsing Engineering Co., 614 N. Lin-|/D€ original stoc | radio-phonograph combinations Allis-Chal 48 48 $l hyarauli {Wood ave. Machine and tool design. Harry as president until 1919, William H. «onlAm Can oor. 98% Ye rie | yaraulic presses which seal the !A. Williamson, 2852 N. Pennsylvania; Jack Jungelaus, son of thé new president Stewart-Warner president,: James an Rad & 8 8 Tn Te ia + ul |shells, . |: ‘The. Fire Gj N. Linen 5368 Winthrop is a member of*the board : 8. Knowlson, onee WPB vice chair- Am T ven 187 167% 167% = “Placed between the shell and a ave. Fire equipment sales. J. rer Oth board members are Cla man, will head disposal of army. Am Tob B _...'76% Mk 6% + | Steel die..the rubber ‘flows’ into ir- | poser gape wr hiArop ave; A. Theron = ne: Sam C ’ luses in Europe. m Water 13% 1% 13 . ec I1st_8t.; A. Jean Little,| Kearns, Ft. Wayne; Sam Cox an navy war surp pe Anaconda ..... Ma MR Ma + % regularities, sealing the projectile |R. R. 14, Box 144-8. : hoxtns —————————— Armour & Co . 84 8 8 = simore securely and unif . Lumbermen's Wholesale Supply Co., 2018| Fred O. Edward, Marion; Bernard GET 2D STAR FOR Atchison cereus MY 93% 93% — Y BaD y 2 unl ormly,” the | Maztihgale Whiicsale Specialities. Clif- | Jeup, Frank Seidensticker and LeonBal a ioning 25 208 is + i OF a na nes: rubber Tetums |e boo Trucking oo a w Georgia st.|ard A. Myers, Indianapolis, and ic Bendix Avan ... 51 ) 503, — S | Commercial hauling. Walter P. Malo y huster, Marion, ARMY-NAVY E FLAG = Steel ,... 78% 8% 8% + ial to its original shape.” : 1321 N. Meridian st. : Se Chaties O. Schuster, Maron. The second white star for the Bore Wariner a A ee 2 vy ol Covrding to army and navy of- U. S. STATEMENT COMMUNICATIONS RESUMED Y Yi 7 . . army-navy “E" flag was awarded Che's ‘oni | sii sie le + % Rh he use of the rubber rings, NEW YORK, May 22 (U. P.).— employees of the International Childs ........ 3. 0h tw... (WHICH repiage 8 steel bar fomirly oro May 22 (U. P.)—Goy.| Radio Corp. of America and West-Curtiss-Wr 6 5% 6 + Ys employed in- the sealing operation, " . he Harvester truck engine works in Douglas Aire 81% 81 81% + ernment expenses and receipts for the! ern Union Telegraph Co. today ann int 1 y' today. Pont or. .! 180% 100% 160; .... [has greatly reduced the number «of | current fiscal year through May 20, com. naunced the resumption of internaGen Electric . 43% 43% 43% % | defective shell d pared with a year ago: oe Gen Foods .... 48% 46 a 5% rig Wd ’ ols i improved the This yaar Moy Yea tional communications between the | % LOCAL ISSUES Dodi, yp Bx 5 ually of ammun BARON, Rr roondt JIana Te 011 * 442, lb.aal, on U. 8. and Denmark and Norway. Ind yon .... 48 41 48 + Ye BRITISH PAY ON LOAN Receipts «039.474.723.228 37,200,557,580 STOCK Asked | Int. H . 86! 1 iy — ‘ Net deficit . 47,817,654,314 45,146.386,108 orp com... 7 Int. Harvester 121% 4 hor.) — " * WASHINGTON, May 2 (U.P). Cash balance 3.910.824. 191 10.984.330,81 WAGON WHEAT bb db on" & B % 4 2, 1 Jorkd L' 9,047,683 301,511,328 w " Lor Che $12 $1% 81% 1 is|—The Reconstruction Finance COP. | Public debt 237.765.508.607 181.023.633.378 : 8 Toskha Aircraft J Ni Uh ah (has received interest and principal | Gold reesrve 20330.682.102 21.353.050,328 wl? © the close of the Chicaso market i + RR v, napolis ur 8 3 As (Glenn) BY U% 26% + INDIANAPOLIS CLEARING HOUSE pe oof Pag 61 per hushel for No. ) vs Mont Sard, PE fo 80% oe + trom collateral securing its $425,- Oltarings $ 4.612.000 rd ho Jotner, Grades op hate marital; od -Kelv .. 0 20° PR PRFINES 0 ccvvrnirantinninen W150 0 w or No, 3 r i Nat Biscuit... 28% = 285% % — 1300000 loan to Great Britain, IVOIRE iit sini ass semaine sand 15,694,000 | Ibs, or yo 64c; corn, No. 3 yellow Nat Distillers. . 42% 42% aan .... - shelled, old op, $1.00 per bushel, and ‘IN ¥ Central, 21 26% A + No. 2 white shelled, old crop, $1.13, paid ww 08 Are Fishers Inf ted | ckar + WY RE ——— Pan Am Afr.. 21% 2 NN + | re IS ers n eres e In Penney «119 119 119 - 1% > ’ . pn BR Re 2 8% » -— Ya H d 7? I ill . : / rocter Pe i Pullman ,..... Yo BRAN uason [+ Ss Anyone Ss Guess Can Your Pure Oil 10% 19 1» — \ Repub Stl 2% 2% 12% .... ‘ 4 Xn. Tob B.: 23%. Mh Mw + ls! DETROIT, May 23 (U.P). “We have had no direct dealings ce Rate ee at 2% 230 ne ~...""| Whether the Fisher brothers are with the Fishers,” he said, “but Imsuyance Socony-Vacuum 16% 16%. 16% + seeking a financial interest in the | B. A. Tompkins, vice president. of r red? Bouth Pac .... 45% 45 48% g a INS, . I we Std. Brands 36% 36% 36% +, % Hudson Motor Car Co, apparently | the Bankers Trust Oo. of New Be Lo Bia Of Ind) | 38% sem sam =", | was anybody's guess today, York made an offer on theif be-. : Oil (N.J),. 63 62% 63 . .¢ A. E. Barit, president of Hudson, | half to purchase 400.000 shares of COINSURANCE often Texas Co... ,. 63% 83 83% + | said. yesterday that the brothers unissued treasury stock at book | 20th Cent. Pox. 20% 2% — % ¥ A does lower rates, US Rubber ... 88% 873% 87% -— 1a| had offered through B. A. Tomp- | value, around $21.66 a share, owners 10 cary us : aT Ty Sis + | kins, New York banker, to pur- “There has not been time to permits Ao Westing Bl do, Ph 380 — 400,000 shares of Hudson | study the offer, and it is not be- | ¥] MORE insura ni . ETL Fw fy
The Iron Age said *ihibie ‘than [4000 employees would find their security impajred, if red tape and dilly-dallying compels closing of the | { plant. ”A majority of these workers! were recruited only after hard work, many personnel innovatiofs and frank discussion with and cooperation from Mormon church of-
‘Iron Age’ Expects Three to
NEW YORK, May 22 (U, P.).=|.
This is one of the 8000-gallon to process penicillin after being g -eillin building at Eli Lily & Co.
Mesiings
Ad Club’
“New Horizons Managers” will Harry Simmons, New oe ple ex- | ecutive, when he speaks at the noon meeting of ‘the Indianapolis Advertising c¢l'ub Thursday, in the
™ Joyertione be
letic club.
director of sales education and trade relations for | Calvert Distillers | Corp., and has | written “six books | on selling and
H. Simmons sales management,
Life Underwriters Mrs. Sis Hoffman, Cincinnati, a life ‘member of the “Million Dollar Round Table” of life insurance representatives, will speak on “As a man thinketh in his’ heart—so is he” at the luncheon meeting of the Indianapolis Association of Life Underwritess, Thursday, May M4, in thé Lincoln hotel,
Welders
William J. Conley, consulting en-
Indianapolis Ath- |
ih,
tanks, nearly five stories high, used rown as a mdld, in the new penihere. After several months of ex-
perimenting with methods, the new building at Delaware and Merrill sts. was erected to make the “miracle drug” for military needs and, in increasing quantities, for civilians also. ,
BULK SHIPPERS SAFE IN IN CHANGE
R. R. ‘Glass’ Ra ‘Rate Won't Raise Them, Says. Counsel | | WASHINGTON, May 22 (U. P).
{—Shippers of coal, grain, oil, sugar, | | coffee, rice and other bulk products |
Mr. Simmons is! on a point-to-point basis will ex- |
perience no, early changes in rates! |as a result of the interstate com- | merce commission's far- -reaching | ®
{freight rate equalization order, it was pointed out today. So-called “cothmodity™ rates, ar-
rived at by shippers and railroads were not included in the ICC's order on “class” rates—largely applying ‘to’ manufactured goods. | The commission found that rates! included in its order covered at! present only 4.1 per ‘cent of the {shipments and 6.3 per cent of the |g revenue of the nation’s railroads as | a whole. ‘Reach Medium’
ritorial rate differences, however,
lowered by ICC edict, bulk products
gineer of -the Lincoln, Electric Co. Cleveland, will discuss short cuts |
speaks at the dinner meeting of the | American Welding society, at 6:30 {o'clock Friday jn the Riley room | of the Claypool hotel.
Electrical Engineers “Electrical Systems on Military |
ficials. Because serious regional repercussions are such an important | possibility, the RFC and other in-| terested agencies should be concerned and willing to stretch a point or two in speeding final ne-| gotiations.” Men closely allied with Geneva] the magazine emphasi by any means expect ne Y ot largest part of the West coast steel market.” They and Kaiser officials believe the Kaiser works at Fontana, Cal, and the Geneva plant can supply various products pro-| vided there is no major duplication | of mill facilities by commodities. |
LOCAL PRODUCE
rs breed hens Me. Leghors nena IA Sr3aes And roasters, under hite and ¢ 330; T A Current, Teceipi, 3: Be; Line ph ne,
Fast Butterfat No. 1
a
Beet
o!
tion| nounced that he had been in- | to delay the
Aircraft”. will be the subject of Col. | {T. B,, Holliday, of the equipment | laboratory, Wright field, Dayton, 0.
| when he speaks at the dinner meet- | {1zation order lowered rates in the |ing, of the Central Indiana section |SOuth and raised them in the North
of the American Institute of Electri- | {cal Engineers, Friday at 6:30 o'clock in the Canary Cottage,
SYNTHETIC RUBBER | HELPS AMMUNITION
NEW YORK, May 22 w. Pl) Synthetic rubber is now being used | to make better American ammunition, U, 8. Rubber Co. disclosed to-
now moving on low point-to- ~point | rates would probably have to stand |
in welding procedure when he an Increase to make up for loss | 500 pounds down
of railroad revenue. Shippers of bulk products evidenced uneasiness that a rate] equalization order would mean | they would eventually be more money out of pocket. Counsel for a group of Southern shippers indicated yesterday that this fear might prove groundless. This was because the ICC’s equal-
-also|
{until both reached a medium point,
PLANTING IS IRREGULAR WINNIPEG, Manitoba, May 22 (U. P.) —Wheat seeding in Canada varies from 85 per cent completed {in some parts of south central Al- | berta, to’ less than 10 per cent in lower lying lands of the Red River | valley, the Canadian National 'railways reported today.
NEW FIRMS AND
treasury stock, but Tompkins said later he did not represent the Fishers. He declared his interest in Hudson is that of “friendly adviser * to the family of the late: Roy D. Chapin, late Hudson president,
and that he had only suggested |
the Wisher=Eudsor Heup.
When a rector anked adjournment of thé annual stockholders’ meeting yesterday, Barit an-
ttempt would be made he tng uni bora that was friendly
“fore this meeting.” # = Op Barit said that book value, ‘his opinion, did not dy a . a fair value for the company’s shares, - and that considerable study should be given the offer by directors before it was placed before stockholders for a vote. Carsten Tiedeman, the director ‘who had requested the adjourn- . ment, then declared that he did not know whether the Fishers
ri
THE INDIANAPOLIS TIMES Where Lilly Makes Penicillin
__ HOG MARKET
Com In the long controversy over ter-| 500- 900 pounds
the railmoads have argued that if| 500 pounds down charges on high-grade goods were |Medium—
STEADY HERE
8825 Received; 1650 Cattle, "700 Calves Arrive.
i day received 8825 hogs, the war food | administration said, and price levels | remained unchanged. | Cattle’ trade proved about steady | with Teceipt of 1650 head. The per ‘cent of fed cattle was noticeably
| high. b | The yards received 700 calves, | and vealers coasted along at mostly i
| steady ‘rates. 1 Sheep and lambs totaled 250 and
‘prices showed no quotable differ- 3
! ence,
. GOOD TO CHOICE HOGS (R825) 120- 140 pounds 14:00 140. 1 revsesaaee 160~ 180 pounds 180- 200 pounds 200~ 220 pounds 220- 240 pounds | 240- 270 pounds .. { 270 300 pounds | 300- 330 pounds { 330- 360 pounds Medium— 100- 200 pounds ............. Packing Sows | Good to Choice— 270- 300 pounds 300- 330 pounds 330- 360 pounds 360- 400 pounds Goode 400- 450 pounds 450- 550 pounds Medium-— 250- 500 pounds .............
Slaughter Pigs | Medium to Choice
14.50 14.80 50
. 14.00414.08 . [email protected]
i 12.75@ 13.90
90- 180 pounds . veer '[email protected] CATTLE (1650) Steers Choice— 700- 900 pounds ............. [email protected] 900-1100 pounds .... . [email protected]
| 1100-1300 pounds crea +. [email protected]
un 1300-1500 700- 900 pounds
[email protected] 900-1100 pounds ... « [email protected] {1100-1308 pusnds ve «+ [email protected] 1300-1500. pounds: ; «+ [email protected] Medium” 700-1100 pounds 13,50@15,00 1100-1300 pounds [email protected]
Common—
700-1100 pounds ............. [email protected] |, Heifers 3 los Te 00- 800 pounds ............. 15.50216.25 Huo. 1000 pounds ....euveienai [email protected] oo "800 pounds vessnnnanness [email protected] 1300-1000 pounds ,... « [email protected] eum, A - 0 Mean $00 p pounds ...o: EET . [email protected] Commoh— . 500- 900 pounds ............. 11,[email protected] 2S As | weighin | Good . conan [email protected] Mediutn ............. J. [email protected] . [email protected]
Cutter and common . Canner .e
Bulls (all weights)
Sood (all yesh [email protected]
Sausate Pansasaaiee ane LU [email protected] | Sedum Sk Eves «+ -10.50@11. 5 | | Cutter and common —....... [email protected]
CALVES (70) " Vealers (all weights) Good and choice ............. Common and medium | Cull :
Feeder and Stocker ‘Cattle and Calves
Steers Choice— 500-800 POUBAE .veisrreirs [email protected] [ 800-1000 pounds ...... evens [email protected] | ;
Ta 800 pounds ...veae.eeeee 10.00@11 00-1000 pounds ..... sesssane 10.25@11. 4 | 00.1000 4500-1000 pounds «...eoveenee. [email protected] mmon— “unk sadn anang 7.500 8.75 |: Calves (Steers) Good and choice— viiivannsen [email protected] | ¢ 500 pounds down .......... + 9.00011.25 Calves (Heifers) Good and .choice— pounds down ........... [email protected] Medium— vai rn kk [email protected] SHEEP (250) Ewes (Shorn) {Good and choice . « 1.75@ 9.00 | § Common and medium ....... 6.00@ 7.75 |° LAMBS ; COMMON os iuevicecnsnsseesssns S Medium and good ........... [email protected]
Good and choice .
anapolis securities dealers:
JUNGCLAUS HEADS
Fred W. Jungclaus has been electCo., the company announced today. died May 3.
Henry L. Dithmer Jr. was elected | vice-president and general manager,
The Indianapolis stock yards to- |
oe [email protected] |:
. [email protected] | Nomina) quotations furnished by Indi. |: :
POLAR IGE FIRM %
‘He succeeds Henry L. Dithmer, who!
{and Oscar W. Nester was elected secretary-treasurer. Mr. Jungclaus, president of the local contracting firm of ‘Wm. Jungclaus & Co., has been a director of
AL DEALERS |
Bi ta Er
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1
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