Indianapolis Times, Indianapolis, Marion County, 8 August 1945 — Page 10
- PAGE 10. BUSINESS— oF
WPB PLANS BIG
«AUTO EXPANSION
Official Says Group Will Approve Plans to Construct $150,000,000 Plants and Additions to Build Six Million Cars a Year.
3 -.
By SANDIR S. KLEIN United Press Staff Correspondent”
WASHINGTON, Aug. 8.—The war production board
shortly will approve plans by the automobile industry to construct $150,000,000 in new plants and additions necessary |
for maximum production of
today A "high WPB official said that notification of the approval probably will go out | to the industry some time next week.
” » ” HE EXPLAINED that the construction applications would be okayed on grounds the expansion yrogram would provide for “additional insurance against unemployment next year.” Requests for construction authority have flowed in a steady stream to the WPB since it met with.the automobile, industry July 11 and asked for prompt notification of fequirements for eventual full production. It was estimated that the proposed additional facilities might in-| crease the productive capacity of the industry up to 6,000,000 cars a year compared with an estimated prewar peak of 4,000,000 cars.
» » = ” IN APPROVING the application, the WPB will make it clear that it cannot at this time give the automobile companies priorities in obtaining construction materials. That .means the industry will haye. to compete for _the comparatively limited quantities of construction materials not now under governmental controls.
: Cc Some companies are now rela-
tively free of war work, but lack of materials and manpower would prevent them from attaining the peak even if all their plants were released for civilian ‘output. the other hand, there: are others whose facilities are now tied up almost 100 per cent on war work and appear likely to continue at or near those levels indefinitely. These firms want to build new plants to make automobiles for civilians so that they will not be left behind when all Feskrictions as lifted.
| MEANWHILE, officials of the office of price administration were reported to have made decisions on the prices to be charged for new passenger cars to be built under expanded civilian production schedgles. The new price schedules may be ready by next week, too. The WPB’s production quotas for passenger cars are 241916 for the last six months of this year -and 440,102 for the first three months of next year. © Officials expressed confidence that there will be sufficient . materials avaliable to meet these quotas. -
S, AMERICA-EUROPE AIR SERVIGE SEEN
* BUENOS AIRES, Aug. 8 (U. P). &Re-establishment of air services between Europe and South America fs expected in the near future, it was said today.
* Three European . airlines have
Brought their plans to capture this | profitable market to an advanced)
stage, it was disclosed. They are the British Blair (British-Latin American Airlines); the French Air Prance and the Swedish Sila. Air France, a pioneer in opening air routes to this continent and in crossing the Andes, operated between Europe and South America before the war, while Blair and Sila are newcomers to the field. . For the present, the three lines plan to operate only as far as Argentina by way of Brazil. Eventually, they may extend their routes to Santiago, Chile.
On|}
vil cars, it. was learned
106 RECEIPTS
ARE 2625 HERE. Experts Agree 'Atomic Age ||, . IN BATTLE Most Livestock: Trading Is Still a Long Distance Away ON CHEMICALS;
Stays Steady.
The 2625 hogs received today at the Indianapolis stockyards sold at| steady prices, the U. S. department of agriculture said.
moved fairly briskly at strong prices, | and the 450 calves stayed steady. The 1300 sheep and lambs showed |
‘no changes from prices set early!
this week, the department reported.
GOOD TO CHOICE HOGS (2625) 120-140 pounds *[email protected] 140- 160 pounds [email protected] 160 pounds up 14.80 Medium 160- 220 pounds Packing Sows Good to Choice 270- 400 pounds
edium-— 250- 550 pounds .......oovn . [email protected]
Slaughter Pigs Medium to Good— 90- 120 pounds
CATTLE (1025) Steers
[email protected] [email protected] «ve [email protected] . [email protected]
[email protected] 916.50 316.50 216.50
eee [email protected] 13,[email protected]
«rr 110001350
pounds 2 : :
pounds . pounds . pounds ....
700-1100 pounds 1100-1300 pounds Common-— 700-1100 pounds .... . Heifers
serene
Cholce— 600- 800 pounds 800-1000 pounds
[email protected] [email protected]
Good— 600- 800 POUNAS uses voneses [email protected] 800-1000 pounds ....eeeveses [email protected]
Medium— 500- 900 pounds .yesessscene [email protected] [email protected]
Common-— 500- 900 pounds Cows (all weights) GOOB ..conian-svinss studies \ ’ vernaneae [email protected] ym and “common. seen Taras x CRARNBE. siserscrssnrrrransnns Beef— * Bulls (all weights Good (all weights)
[email protected] [email protected] [email protected]
csesaree
_ Cutter and common CALVES (450) Vealers (all weights)
Good and choice Conmon and medium ........
Feeder and Stocker Cattle and Calves Choice— 500- 800
A p 13.500914.75 800-1050 pounds Guod—
[email protected] [email protected]
[email protected] [email protected]
sete Sascesne
800-1059 pounds Medium 800 1053 pounds Common 500-1000 pounds CALVES (Steers)
Good and choice— 5G0- 900 pounds Medium— 500 pounds down ........... (Heifers) Good and choice— 500 pounds down
wrasnnres oe [email protected] Medium 500 pounds down . SHEEP (1300) Exes (Shorn) Good and choice “vie Common and medium .. LAMBS (Spring) Good and choice ... Medium and goo Common
550@ 17.00 4.00@ 5.50,
13.00@14 [email protected] |
INCORPORATIONS
Irvington Insurance Agency, 5511 3 Washington : st. Insurance. Eugene Grannan, ‘1036 Nelson st.; Frank E. Kin. ney, 3618 Kenwood ave. General Cleaner Sales & Service Shop. 1314 W, Washington st, Vacuum cleaning and repairing. Norman Vogel, 6000 Rockville rd.; Kennard Vogel, 3740 Kenwood. Cass County Farm Bureau, gansport: no capital stock: Geo. E. Ferguson, Elbert L.
id
-|areas.
5 poses other than relief.
Inc, LoDodt, Lee O. Seward and
Greatest hoax of the war was Britain's camouflage of merchant ships and outmoded warships to This is the 33-year-old battleship Centurion disguised with paint and plywood It sailed in'a Malta convoy in 1942 to confuse enemy reconThe phantom fleet lured German bombers away from the big British naval bases at Scapa
| make a formidable fleet. | to look like the : naissance planes. | Flow and the Firth of Forth,
35,000-ton battleship Anson.
_ THE INDIANAPOLIS TIMES Flagship of British Dummy
WEDNESDAY, AUG. 8, 1945
Fleet DFRISOD IS SEEN “| WORLD cAPITAL
Treasury ‘Spokesman Tells| of Plan.
By ALBRO B. GREGORY United Press Staff Correspondent WASHINGTON, Aug. 8 —A virtual “capital of the world” probably ‘will be established within 100 miles of San Francisco, birthplace of the United Nations Charter, to house the mechanics of the international organizations planned for post-war operations, the United Press has been informed. Official Gives Plan A treasury - spokesman disclosed the plan today and said that inasmuch as it has been pretty well agreed that such organizations as the international monetary fund and ___|the international bank for recon-
on ou
|
By T. W. KIENLEN
United Press Staff Correspondent
NEW YORK, Aug. 8.—It will be a long time before atomic power
{comes into every-day use. most unanimously.
Our leading industrialists agree on that al-
“In time—a long time—it will be developed for peaceful pursuits,” Cattle trade on the 1025 received saiq pr. M. Lelyn Branin, technical consultant of the Bitnigous Coal
| institute.
LIST PRIORITIES FOR OVERSEAS SURPLUS
WASHINGTON, Aug. 8 (U, P).— The army-navy liquidation commission today announced a priority list giving top rights for the purchase of overseas surplus to U. S. government agencies for use in foreign
The “A” priority goes to the foreign economic administration, not only for its own use abroad, but also when acquiring goods under lendlease appropriations or for UNRRA. The next call is given to American non-profit institutions, including scientific, edueational, public health or charitable organizations. American manufacturers and distributors are given the number three priority. They may buy surpluses with their own trademarks so they will be in a position to protect their foreign markets for post-war use. Foreign governments are next “on priority order, regardless of the location of the surplus property, when making purchases for relief, rehabilitation and reconstruction purposes. Next to last priority goes to the country where the surplus is located | if it is desired for purposes other than relief, The bottom priority is assigned to other purchasers, including foreign countries other than where the surplus is located, who want it for pur-
“It will undoubtedly be generations before the atom ———13]1 the nation’s
and can do, but we haven't learfied
It was pointed out that in wartime only ean a $2,000,000,000 experimental cost such as that on the atomic
INTERNAL REVENUE COLLECTIONS RISE!
Internal revenue collections in| | Indiana from all sources for the
| month of July showed an increase
| collector, announced today.
A total of $76,429.508.59 was col{lected last month, compared with $70,907,310.86 in July, 1944, Smith said. Revenue collected on gasoline sales | showed the greatest .increase, with
894.811, 18 listed in -the current re-| : : . 10 [email protected] | | port, and $86,366.84 collected in the most important event
| corresponding month last year.
LOCAL ISSUES
Nominal quotations furnished by Indianapolis securities dealers: STOCKS Agents Fin Corp com. Agents Fin Corp pfd.. 20 ‘LL 8 Ayres 42% pid.... Ayreshire Col com 19% Belt R Stk Yds comM.....eaeis 3% 9% Belt R Stk Yds pfd........o w 83%a Bobbs-Merrill com
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| Bobbs- -Merrill 42% | Central Soya com. ) {Circle Theater com .... | Comwlth Loan 5% pid. Delta Electric com | Fovurente Lab com Pt Wayne & Jackson RR pid. {Hook Drug Co €Om ..........s Home IT Pt Wayne 7% pid.. Ind Asso Tel 5% pid Ind & Mich E Jas pid |Indpls P & L pid Indpls P & L com Pr Indpls Railways com. edna nuus Indpls Water pfd 10: Indpls Water Class A com.... Jeff Nat Life com 1 Kingan & Co pfd
107% | 15a
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Kingan & Co com es ! Lincoln Laan Co 547% pfd.... {Lincoln Nat Life com 552 IP R Mallory pid. 8a P R Mallory com......oeeeesse 28'2 0 | Mastic Asphalt . Cans . ° N Ind Pub Serv 6%....
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Pub Serv Ind 57% ‘ou i Pub Serv of Ind com... Progress Laundry com ... Ross Gear & Tool com 80 Ind G&E 48% Stokely-Van Camp pr pf . Terre Haute Malleable . U 8 Machine com.. United Tel Co 5% Union Title com
American Loan 4%s 58 <u... 08 Buhner Fertilizer bs 54....... 98 | American Loan 4'%s 60 Ch of Com Bldg 4'2s 61...... Citizens Ind Tel 4'2s 61..... Columbia Club 1'%s 6s....... Consol Pin bs 56 A Ind Asso Tel Co 3s 00 rie Indpls P & L 3%s 70 “oi Indpls Railways Co 5s 57 «... Indpls - Water. Co .3%2s 68 .... Kuhner Packing Co 4s He N Ind Pub Serv 3%s 73. N Ind Tel 4's 55 Pub Serv of Ind 3 Vas 3. Pub Tel 4%s 55 Trae Term Corp H. J. Williamson Ine 56 85. *Ex-dividend.
WAGON WHEAT
Indianapolis flour mills and grain ‘elevators are paying $1.55 per bushel for No.
new oats, No. 2 white or No. 2 red testing | 32 Ibs. or better, 50c; corn, No, 3 yellow {shelled old crop, $1.14 per bushel, and No. | 3 white shelled corn old crop, $1.26.
; r++100ard of the National
' | Receipts ‘he [Net Deficit...
** [Public Debt Gold Res,
+++ | Debits
1 red wheat (other grades on their merits); |
nation’s. steel, locomotives,
let alone heat the|
Akin to Lightning
“We all know what lightning is,
yet how to control it,” he said. .One stumbling block is the cost.
bomb be borne. Fully to realize the vast potentials of atomic energy, the cost will have to be such as to make it profitable to substitute the new for the old.
Cost Is Guess
“What the cost will be for atom energy is only a guess,” Dr. Branin stated, adding that “Certainly it will be tremendous for many years, judging from the $2,000,000,000 now invested in its only. The weekly bulletin of the An-| thracite institute, whose members| control $400,000,000 worth of mines, | commented: “There are three unanswered) questions which lead to the prediction that it will be many years before the breakers are torn down to make room for atomic factories.
Three Questions
“The first is, can atomic energy be controlled and directed. The second is that uranium ande the other materials now reportedly zbeing used all have the heaviest, mosh complex atoms which are relatively { unstable and comparatively easy to {split.” ‘Carbon, on the other hand, has one of the lightest, least complex atoms, which would indicate much greater stability. The third | all-important question is how much it would cost to process a piece of
|
Hopes to
jill make |—The department of commerce topower thei! day acted to generate the| American idea that German chem- ga] over the world. \electricity or furnish the billions of |icals hours of industrial horsepower that | product. coal does now, nation's homes.” Portuguese, equivalents
Charles W. Kellogg, president of | formerly the Edison Electric institute, said atmoic power in its present stage of development was akin to lightning.
firms. distributed pharmacists and other drug users
| built up the myth in Latin Amer-
initial development u
|ica remain unfamiliar with U. 8.
|coal, or, in fact, any other mate-|#
| dustry, however, to belittle the ulti-| mate effects of atomic power. was recalled that Brig. Gen. David | Sarnoff, president of Corp. of America, said in a speech to the Association of Commerce in| Chicago, Jan. 30, 1941, that “the > of 1940 was “the isolation of the atomic com-
|ponent- of the element uranium,
known as U-235." ‘Solve Oldest Needs’
of $5,622,197.73 over collections made | ria] into a form that made it ca- a sopiancer 120081450 in July of last year, Will H. Smith, pable of heating a house.” | Col There was little tendency in ies
It| { land.
ave the Radio|ap2z Boyd ave.
He predicted then that “When |
{the latent energy of the atom finally becomes universally available, it
dP light, heat and
{wil run factories; refrigerate homes; for everything from ocean
Sarnoff in that address also pre|dicted that atomic power would aid lin solving “many the oldest needs of mankind” as well as rl peobiens of deprivation, causes of economic unrest, |the ‘have-not’ nations.” | Robert Gaylord chairman of the
of
.-{of Manufacturers, said today that ‘Iboth the atomic bomb and the Charter of the United Nations re{quired the immediate building of jan official United States economic | policy that must be followed “alertlly and continuously instead of only
4 occasionally.”
U. S. STATEMENT
WASHINGTON, Aug. 8 (U. P) Govern
«+. |ment expenses and receipts for the current ves+ | fiseal year through Aug. 6 compared with
A VEeAr ARO. This Year Last Year ..§ 0,805,806.854 § 9 627,900,000 £.485,738,862 8,507,420,888 3.177.665,435 2,622,806,244 6.718,140,019 -7,005,183,855 21,627,050,043 21,093,007,427 262,631,055,251 210,334,204,860 . 20,151,203, 246 20,095,520,111
Expenses ' War Spend, ..
Cash Bal
INDIANAPOLIS "CLEARING HOUSE
Clearings $12, 495, 1000
Your dollars are needed MORE THAN EVER! MERU UND WAR BONDS
AMERICAN NATIONAL BAM |
AT INDIANAPOLIS
uJ. S.
OO 0 OO
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i "Watches, EC
Musical Instruments
LOANS ON- -EVERYTHING!
HE The CHICAG
J O EVERY Co, INC.
furnish power | liners | "ito pocket radio transmitters and | . | receivers.”
and shortages in |
Association |
struction and development are to be located in the United States, it was almost certain that they would be {situated in the same area. It was suggested furthermore that a world university for the study {of finance and economics, peace, [labor and the international aspects lof aviation—already mentioned in
Chane Idea Ours numerous quarters—be set up within (the borders of the “capital,” which Are Inferior to German.
would be a district 10 miles square | patterned after the District of CoWASHINGTON, Aug. 8 (U. P.). lumbia. The school would be a graduate inchange the Latin|gtitution and draw its students from
are superior to the U, S.
Oppose New York
A manual, Jristed in Spanish and og Support SOF Mis stgtemens Hw isted the U. S.-made| = of medical products ably will be located in the West, the bought - from German | Spokesman cited the current oppoThe manual will be widely | sition to locating the two organizato doctors, dentists, [lot site in New York City or Location of the two in New York |is opposed on the ground that they would become too closely associated . Started in First War with Wall Street; to locate in Wash(ington, opponents have declared,
The myth of German chemical|yq,1d4 expose them to entanglements superiority had its start when|y, olitics,
world war I deprived U. S. citizens Treasury officials feel that the of German dyes and chemicals. lonly way in which both possibiliCapitalizing on the idea, CRTIANY | jes can be avoided is to locate the
bank and fund within a special zone | ica and dominated the trade there] removed from both cities.
long after production here ex
throughout Latin America, T. Delehanty, chief of the drugs unit, | said,
ceeded Germany's in volume and) variety. When world war II started and German drug supplies were cut off, the nations south of the border STATE EXCELLENT were hard hit. Despite the fact that during the past two years the| More than two inches of rain S. has filled import require- and a high wind early this week ments of all United Nations, many | damaged unharvested oats in the professional men In Latin Amer- northern part of the state the Indianapolis weather bureau's weekly { products and brand names, Dele-|crop report said today. | hanty, pointed out, Moderate temperatures and conDoctors and others using the new siderable sunshine contributed to
manual, entitled “medicinal products, | the general report of good to ex- |
U. S. equivalents and alternatives,” | cellent crops. can look up familiar chemicals| Corn is mostly good to excellent and find “similar products which | with early varieties tasseling and they can use, little borer damage reported. Hay
crops are fine and considerable was NEW FIRMS. AND saved last week. Pastures and PARTNERSHIPS
lawns are green and flourishing. Field tomatoes” are ripening and {their condition, along with soy
Latex Co. James E. Lindsey, 904 E | is reported excellent. 208 8. Illinois t.| Tobacco topping and melon harE. Lindsey, 904 E.| | vesting is reportedly makin d Michigan st. y g 800 Central States Distributing Co. 1220 N.| {progress in the south.
Illinois st. Distributing chemicals of yal. fous kinds. Mrs. Kathryn Walls, PF. Walls, 1220 N. Dlinois_st. LOCAL PRODUCE Realty Service Co., 507 Odd Fellow bldg Real estate. BE. R. Farley, 1313 Winton (Prices for plant delivery) All breed hens 25.9¢. Broilers, Ibs.. white and barred rocks, 303-1
Speedway. All No. 2 poultry. 4c less.
Indianapolis st. Wholesale. Michigan st. Lindsey Notion Co. Wholesale. James
College arcy lane. Central Garage, 25th and Central Auto-| mobile sales and service. Harry E. Moore, | 1216 Leland; Blanche G. Moore, 1218 Le- |
Sales, 2023 H. Btarkman, |
& H. Appliance Co., 5363 College ave. Old roosters, 21.9¢
Albert. Cooper, 3140 John J. Hurwitz, 4525 Eggs—~Current ‘receipts, 35¢; large, 43c., grade A medium,
Bovd | grade, 34c Buiter—Ng. 1, B50e. 9c; No. 2, 36c
Tr
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Eyes Examined, Glasses Fitted For Those Who Need Them
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Meridian at Washington
- agriculture netted a national total
208 8. Niinois| beans, potatoes ‘and garden truck, |
fryers and roosters under § Oc.
No Longer Need SEES PEAK OF Milk Weed Floss PEACHES SOON
LAPAYETTE, ptt Aug. 8.— Purdue Says Big Harvest Due to Start Next Week.
Milk weed floss will not be collected this year, Purdue university’ Times Special LAFAYETTE, Ind, Aug. 8.~—El-
reports, Last year's collecting campaign by the U, S. department of berta peaches, Indiana's chief vas ciety, will reach’ their picking peak between Aug. 15 and 20, although
some will start to market this week, the Purdue market news service said today. Posey growers expect to harvest up to 7500 bushels starting at the end of this week, and Warrick county expects 10,000 to 12,000 bushels for export starting around Friday. The Knox county area will start moving Elbertas a few days later.
of 1,650,000 pounds of, floss for life presérvers, according to Oliver C. Lee, Purdue weed specialist. Indiatia’s contribution was 146,000 bags of pods to fhe total 2150,000 bags, he said. The floss collected last year is still in" the process of manufacturing, but no more is necessary since kapok again is available,
ARGENTINA'S FOOD FOR EXPORT LESS
BUENOS AIRES, Aug. 8 (U. P.). —Argentina’s contribution toward solving the United Nations problem of feeding war-devastated areas will be considerably smaller than|W“eek. the heaviest of the. season originally anticipated, it appeared there. Johnson expects to Ship today. about 10,000 crates and Terre Haute Latest official estimates of the | about 5000. - 1944-45 grain crops show heavy| The first watermelons are scheddrops compared with the previous | uled to be shipped from Gibson year, with the sole exception of | county tomorrow and Friday, acoats. Jc ording to the news service. They Drought during December, Janu-| are expected to reach 10 or 12 {ary and part-of February was chief- | carloads a day by Monday. ly responsible for the decrease, but this was due also in/ part 3, smaller Short of Baskets areas. having been seeded in both Marion Greenhouse Growers, Inc., wheat and linseed, the most impor- | report that tomatoes, red cabbage tent crops rom the point of view|,,4 topped beets will be exported of foreign demand. this week from Indianapolis. Cab3 bage;: summer squash and green CREATES NEW DIVISION peppers are also plentiful. NEW YORK, Aug. 8 (U. P.).—| Terre Haute estimates that 30,000 Bendix Aviation Corp. has created | 20-pound baskets of tomatoes will a new division, Bendix Interna- | be available for export this week tional, to handle its foreign trade|if baskets are obtainable. They program, the company announced | | report plums, green peppers and today. | apples sufficient for outside sale. Tw
YOU CAN'T MISS WITH
Cantaloupes Coming Cantaloupes from the VincennesDecker area are expected to reach from 10,000 to 12,000 crates this
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BUSINESS DIRECTORY
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