Indianapolis Times, Indianapolis, Marion County, 10 August 1945 — Page 16

PAGE 16

~ BUSINESS—

‘DETROIT SKEPTICAL OF KAISER PLANS

Industry Says $5 Million Capital Is Hardly Enough to! Build One Car; Also Points Out That Location Is Not Definite. DETROIT, Aug. 10 (U. P.).—This capital of the automobile industry views the car-building’ plans of the newly announced Kaiser-Frazer Corp.,, “tongue in and] holds some doubt whether actual production ever will be| started, the authoritative trade paper, “American Ma-| chinist” -said today. : “One of the reasons behing

awful 1895 PORKERS | RECEIVED HERE

new company. The § 3 85,00 ) 000 which will start the firm off; Divisions. Have Active And Steady Trade.

cheek”

it was stat ed

on ‘its venture is hardly enough to build one automobile. Another tor is that the coast section of the Kaiser-Frazer Corp. has not yet All decided where it will build the low-| priced Kaiser car. ]

fac-

PURDUE WORK

| which cannot be divulged.

THE INDIANAPOLIS TIMES. _ What a Job for a Recap!

HELPED BOMB

Atomic esonrch There Is Three Years Old.

Times Special LAFAYETTE, Ind., Aug. 10.—Purjdue wyniversity's chemistry depart{ment has been working on the atomic bomb project for three years, it was revealed today. This information was released by Director G. Stanley Meikle of the sghool’s s research foundation following war department approval of {limited information. Provided Money The war department provided a {large sum of money for work by 985 persons, including intensively trained graduate ‘students, Director Meikle { said. The research was directed by Prof. Earl T., McBee, who was relieved of teaching duties in 1943 to spend full time on this work. Dr. Henry B. Hass, chemistry department head, reported that 36 scientists still are at work on the research ‘project, ‘the nature of

Largest and heaviest airplane tire ever produced, is this giant now undergoing tests at Wright field. Pictured at the Akron, 0: Goodrich plant, it measures 110 inches in diameter and 36 inches from sidewall to sidewall. It weighs “2600 pounds with tube and rim and required 144 man-hours to build.

Work Was Secret

.imade by

GENEVA PLANT PLAN DROPPED

u. S. Steel to Modernize Own Western Sudsidiary.

NEW YORK, Aug. 10 (U. P.) ~The United States Steel Corp. has dropped all plans for acquisition of the government-owned Geneva, Utah, steel mill and instead will proceed with “long-contemplated” modernization of the faci}ities_of its

subsidiary, Columbia Steel Co., at Pittsburg, Cal.

Announcement -of these plans was Benjamin F. Pairless, president of U, S. Steel, in a letter

to Sam H. Husbands, president of the Defense Plant Corp. Fairless| made no mention of the cost of modernization of the = Columbia properties, but it was learged on reliable authority that the cost would approximate $25,000,000. Hopes to Aid Coast

Improvements at the Pittsburg, Cal, plant. will assure Pacific coast customers of Columbia “even better service” after th® war than in the

# In a demonstration here Satur-

New Parachute

Times Special “CHICAGO, Aug. 10.—A Piper

plane will be floated by parachute down onto Lake Michigan

day, Aug. 18. The “baseball” parachute to be used in the test was designed by General Textile Mills, Inc, New York. The firm’ says its construction as a perfect hemisphere in which all stresses are equally distributed eliminates the oscillation that has formerly made the method impracticable. The plane will be lowered from an altitude of about 2000 feet, and pilot and passenger will remain in the plane, the firm said.

CUTS IN GONTRACTS EXCEED $15 BILLION

The WPB emphasized, however, that this figure was not adjusted to

To Lower Plane |

TRIDAY, AUG. 10, 1045

JUNE COST OF LIVING UP 0.5%

Food Advanced 1.3% and Clothes 0.1%. !

Indianapolis living costs rose 0. per cent from May to June, the National Industrial Conference board reported today. Food costs advanced 1.3 per cent clothing 0.1 per cent and houses furnishings 0.4 per cent, Housing, fuel and light and sundries ree mained the same as in May, the port said. . Up From 1944 Living costs were 0.8 per cen higher than -a year ago. In that time, clothing rose 1.9 per cent, fuell and light 1.3 per cent, sundries 3.9 per cent and housefurnishing 1.1 per cent. Food costs dropped 1.4 per cent, and housing remained une changed, The board's cost of living index (January, 1939-100) was 130.7 June, 1945.

Farm Price Index Up From 1944

Times Special

= on n “IF THE company has prog to the “stage: whete -a- dual .nouncement was made on the West coast and here, observers ask, why haven't the plans reached the stage

ressed an-

affect! So secretive has been the work, of- that members of the- university staff not engaged on the project knew nothing of what was underway. Those engaged in the research knew only the phase on

Victory rumors failed to’ the small numbers of livest fered-toddy-- at the Indianapolis stockyards, the U. S. department agriculture reported

Receipts consisted of 1825 hogs,

OCK

NEW YORK, Aug. 10 (U

Airborne Radio Programs + |Columbia, asserted. Are Planned for Post-War| me compas. be saaea

P.) .—Airborne radio entertainment with

LAFAYETTE, Ind, Aug. 10.—Tn«| diana’s farm price index, with 1935-39 prices as 100, rose 14 poin {in 12 months to reach 178 in July, [Purdue statisticians said today. The livestock index rose 14 poin

past, William A. Ross, president of [reflect new confracts that have been or will be let for war work or of any “recog- | increases in production due to renized the industrial importance of geheduling, the Far West and its"markets for| The board said that its produce

steel, and contemplates taking the|tion readjustment committee had

where promoters of the idea know the location for the new automotive center of the Pacific coast

tle. 425 calves and 575 sheep,

I prices held steady

which they were working.

than $2,000,000 and another cost-

“stratovision” broadcasts ‘is the post-war plan of the Westinghouse Electric Corp, and the Glenn L, Martin Co., it was disclosed today.

A co i 0st re : ' A commercial piant cosung mx The companies plan inaugural tests in.the fall of what they an-

necessary action at appropriate times in the future to meet the

processed cutbacks totaling $8,500, - 000,000 in war contracts. affecting

to 162, and the grain index rose points to 183.

1945 schedules and a total of $6,

Most farm commodities fluctuated

American Machinist emphasized however, the high public int in the new company, which the publication said reflected Henry Kaiser's record of achievement in the building field and struction, and the known wizardry of Joseph W. Frazer as a salesman. | - = 2 - FRAZER, it was pointed out, has| ngaged in the automobile business | since 1912, was formerly associated | with the late Walter P, Chrysler | and recently demonstrated his! financial ability by $500 investment in the Warren City | Manufacturing Co. to $1,000,000. |

terest

ballooning a| 7

GOOD TO- CHOICE HOGS

5 1

Good to C 1 Mo 270- 400 pound o 00d— 00 pounds ..... anerane 1

edi $50 pounds . : Slaughter Pigs Medium to Good— 90- 120 pounds CATTLE (31%) Steers

“hoice— 00- GOO Cie. Nas a. i 50 11.78 1100-1300 300-1500 Good~ *

poun ds pounds

ing operation on the campus about one

iwork of the Oak Ridge, Tenn. plant. |

{foundation also received funds for if |physics department. S@1%75 | physicists were recruited to work | {under a federal government physic{1st @11.50! ferred to a new location to continue = 168081173! work on developing the [email protected]| bomb.

there, Director Meikle said.

Anal

$4,000,000 were built and in

the research had begun | Their the

vear after

product is" essential to

In 1942 the Purdue resedrch|

me year’s research work in the

Five of them later were trans-

atomic!

nounced casting.” They

puts in an airplane flying in lazy circles 30,000 feet

will be “a new will use spect cruise six miles above the e

Walter Evans. Westinghou

arth

3¢ VICE

{ president in charge of radio act | ties, explained that an | tion ia 422-mile { approximately ri Nine Purdue | television from the highest practic ol ground tower,

1rbor would Provide area, compared to

50-mile radius

reception ove

Elevates Antenna “The the

stratovision antenna

system simply and transmitter

above the earth, out of]

system of ly -bliilt

Some of the general public inter-| 700- 900 est in the new company stems, too,| 00-1100 from the recorded fact that Wal- | 0-1500 ter P. Chrysler's invasion of the? NE “automobile field after world war I| | L100- 1300 was an acknowledged success. Chrysler, it was pointed out by i publication, produced his first car € in 1924, paid $10,000,000 in" divi-

omy }- 00-1100 pounds

14.75@18,45 Kept Staff {sight of human eyes,” Evans said 2.0 i

Because of the highly technical { The-short waves sent out from this! *!Inature of the atomic bomb project airborne antenna would blanket the . [email protected]| and its tremendous importance to| earth's surface like a great inverted 13 5081535 | the nation, Purdue was able to re-| ice-cream cone; covering an area tain its staff of chemists and trained | 422 miles across or about equal to graduate students, and today has | the combined area of New York one of the largest chemistry depart- | Pennsylvania and New Jersey.

pounds pounds

pounds

cievasses [email protected] Heifers 15.256 16.90 [email protected]

pounds ments in the

as st March.

* cars and refrigerators and washing made looking to the modernization ‘machines and farm machinery,” the of Columbia's facilities at Torrance,

sion and FM radio broad- post-war needs of these markets.

;_Stratosp here Planes Which will

PREDICT UPSURGE ~ IN CIVILIAN GOODS

WASHINGTON, Aug. 10 (U, P.).— | he war production "board today|war on a sound paying basis. predicted a big upsurge of civilian| Modernization’ of the Pittsburg, 3

telev

725,000,000 affecting 1945 schedules, | in price last month, the report said} About three-fourths of the 1945 | but corn, soybeans, calves and buts cutbacks take effect in the last five| ler fat remained steady, months of the year, when they will] Chickens, eggs, lambs and wholej average close to $1,300,000,000 a|Mmilk marked up gains, while wheat, month, cattle, hogs, wool, apples and hay!

er ——————————— all lost in price. MASTER PLAN FOR COUNTY- GIVEN OKAY|__NCORPORATIONS

3 “Grantham & Co., Inc, A master plan for the county to ton st. Gary: agent, be prepared under supervision of

Consider Factors

In his statement Fairless plained that the board of directors reached a decision to abandon plans to acquire the Geneva plant after full consideration of all factors, including the problems involved in setting up the property after the

ex-

733-751 Washinge James F. Graptham Gary; 500 shares $100 dealing in motor vehicles and and operate general garag James PF. Grantham, Lillian C, Grantham, John H. Poole, John A. Banker, Myrie E. Douglass, Joseph P. Granthar, | Robert H. Grantham. Prank C. Grantham. Central Steel Co., Illinois corporationy admitted to Indiana to deal in iron, steel, alumninum and other metals and alloys Svot Cash Finance Corp., $03 Old Nae tioral bank bldg, Evansville: agent, Pred C. Richardt, same address; 1000 shares without par value; Fred C. Richardt, Wile liam P. Richardt, Lowse C. Richardt ” y The Joynor Corp, Illinois corporation expected the survey .will {admitted to Indiana to manufacture He provide information that will as-!chinery, etc.

sist the plan commission in deter- | Mason Motors. Capital Stock amends mining future uses of all

rod uction at the end of 1945. Cal, plant will begin as soon as 570 Roosevelt st. | The WPB based its prediction on equipment becomes available and in-| Purdue university has been ap- par halve; hr fact that by year-end the out-| volves - installing of modern cold|proved by the. county council. | business; pus of munitions will have droppéd {reduction facilities with an annual]Work will begin immediately at a about two-thirds of what it was capacity of more than 325000 tons|cost of $5000. of cold reduced steel and tin plate.| Horace Abbott, president of the ” county plan commission, sald the Will Create Jobs survey will require about a’ year to When completed, Fairless said, the complete, including topographical labor to fabricate them—can be di-|new facilities will create jobs for|maps. verted from shells and guns and|a considerable number of people,| It is planes to such things as railroad {and, he added, a study now is being

. It means that large quantities of steel, copper, aluminum and other materials—and the plants and

dends in 1927 and in 1928 took over the Dodge concern and introduced his low-priced Plymouth and DeSoto lines. | ® = = | BUT WHAT will become of the

Good— 600- 800 800-1000 Medium— 500- 800 Common-—— 500- 800 pounds Cows (all weights)

[email protected] 14 [email protected]

pounds

[email protected]

Good 12.50@

Meikle said,

country, Director | In 1944 this depart- |.

ment graduated about 13 per cent

12.50@14. | of all chemistry Ph. D: candidates |

lin the U. S. The Purdue scientists have made

114.9) numerous contributions in different |

Evans said that a coast-to-coast “stratovision” © network of eig! it | planes . would reduce in substantial Ashion the estimated cost of | $100,000,000 for “comparable service | by ground installation.”

ew York and Rural Rehlty 0.

board said. anapolis;

areas shares no par value in the county. N Indie

Cal, near Los Angeles. » final dissolution,

. 10.25¢ 12.50 3 30: @10.50 | 6.25@ 1.50

Medium . PEE Cutter and "common se naurnans Canner Beef— Good (all weights)

new Graham-Paige car which Fra- ~ zer “so enthusiastically, announced not so long ago?” the American Machinist asked. Restating the LSE claims made at that time that “it| Good —................. SOHSC) was to have been the first entirely! cutter and common 8.00@ 10.50 new automobile in the field. It 2 CALVES (425) was to have incorporated all the! Yealers (all weights) 3 i i Good and choice .. - [email protected] new ideas which the ‘art and|common snd medium ~ 10 a1 | Cull chromium’ boys have been feeding | Feeder and Stocker Cattle ne "wah the gullible public during the war,” |cnoice— the publication said. “It is pre-| 500- 800 pounds | 800-1050 pounds sumed that now it will be the Frazer! with some- changes. .. .”

"Balls (all weights) .. [email protected]

32 Shas. >

{ 500- 800 pounds ..... . ..... | Guod— | 500- 80v pounds | 800-1050 pounds } Medi 105

. 12.00@13. 20) 12 00@13 50

Firm Incorporates

In Nevada CARSON CITY, Nev. Aug. 10 (U. [God aud choico— P.).—Articles of incorporation have Medium— . been filed with Secretary of State 0 pounds down - - .. Malcolm McEachin establishing the | Good and choice— Kaiser-Frazer Corp. which

cosets rannnns 10.25@12 00 | . 8.73@10 25 | CALVES (Steers) 14.50@16 00 . 12.0 G14.50}

own .. ‘e [email protected] will Me y y al |

make and sell automobiles, trucks | nd 11.75@ 14.00} and ‘parts for all types of vehicles LP (375) . | Members of the Nevada cOrpora-|., ,..., . E78 ‘Shorm tion's board of directors will be J.|Common end medmm . Kaiser of Oakland, Joseph W. LAMBS (Spring) Frazer of Detroit, E. E. Trefether ely sorted .. Jr. of Oakland, IL. Boyd Hatch of New York City, G. G. Sherwood of Oakland, Oswald Johnson of New York City, Robert L. Bridges San Francisco and Walter Veinerke of New York City. The firm was incorporated for 5,000,000 shares—ef no par value. The Reno law firm of Thatcher! and Woodburn deposited the $500 incorporation fee required in the state on behalf of the ‘directors. McEachin said the to carry on an autc { branches

MISHAWAKA STRIKE CONTINUES TODAY

MISHAWAKA, Ind, Aug —More than 2700 en Hi of 3all Band plant of the U corporation Co. remained away f yiobile

Nomina) 1 Anapoiis securities dealers STOCKS Agents Fin ,Corp com Agents Fin Corp pfd L 8 Ayres 4% % pid Avreshire ( Belt R Stk Yds cor Belt R Stk Yds

STUDEBAKER CORP. PLAN T

Kingan & Co pid Kingan-& Co con Lincoln Loan Co 5! Lincoln Nat Life cor R Mallory: pid P R Mallor

Progress Lau ndry com Ross Gear & I' Bo Ind G & E 4¢ Stokely.Van Can Ter 'e Haute Mal U 8 Machine I United Tel Co 57 Union Title com “ve ’ BONDS American Loan 4'gs 5 Buhner Pertilizer 5s bH4 American Loan 4%s 60 aa sn — €h of Com Bldg 4'as 61 Citizens Ind Tel 4%s 61... U: S. STATEMENT Columbia Club 1's bs | erent ’ . a Consol Fin 5s 66 ii 3 WASHINGTO Ind Asso Tel Co 3%s 10 108 8. a Cae orl re Indpls P & L 3%s 70... .10’ ; 1 year (throug Indpls Railways Co bs 57 . .. BR YELF Cho et Indpls Water Co 3%s 68... Kuhner Packing Co 4s 54.... Ind Pub Berv 3%s 73

210,444,406,4 6 20,995,535,800 | KAM Anh hn nah san $1 255,000 | i 14,200,000

p Pp ‘ A Williamson Inc 5s 55... *Ex-dividend.

LOCAL PRODUCE

{Gold Reserve. 20) 1.088 503

INDIANAPOLIS CLEARING HOUSE tS 18 Brings

WAGON WHEAT

Indianapolis flour mills” and rain eleblors are paying. $1.56 per bushe) for No, red wheat (other grades ondtheir merits); fw oats No 2 white or No 2. i ee

nit No 3 2 grrent 36,0, grade A i: oe A medium, 3%, No.

{ final production of the materials for | the atomic bomb, Dr. McBee stated Saysate {and

{scheme was in operation today to! {reduce the number of war-worker |

tracts

50 produced. The transfers are gen-| by a

| WPB said that this not only helps | beamed plane-to-plane connections 'I prevent

* REPORT B BIG DEMAND

IS’ FOR fue

Plan 14 Planes

It is planned to have a 14-plane

*1 network which would service 51 per sever ! al will have tremendous cent of the national area -and pro-

post-war importance. However, he : vide television f ent added, the contribution to the levision for 73 ber ent of the population, he said. making of atomic energy is greater, As presently planned, the original than any y other at the present tim a yy : 2 ON AET 54 Whe press) v e.| unit yould comprise eight planes

fields ,of chemistry which led to

{flying over New York, Pittsburgh, NEW METHOD CUTS | Chicago, Kansas City, Curtis, Neb., { Leadville, Colo., Salt Lake &ity and {Los Angeles, “linking logical talent DOWN ON LAY- OFFS centers in New York- and Holly- z wood,” Evans added WASHINGTON, Aug. 10 (U. P.) -l, Toe other six planes, when added A new war production board] 0 the network, would operate over Durham N. C Dallhs,

Atlanta, Memphis acramento and Portland layoffs which frequently result from | the termination or reduction of} Planes to Be Slow | contracts. C: E. Nqble Under the plan, unfinished por- ator of thé “ tions of certain cancelled war con- “programs would” be originated are transferred to other in the conventional ground studios agencies that need the item being connected with plane transmitters special beamed-tvpe ultrawave radio link, much like used in radar. Similarly

s, 27-year-old origin-

stratovision’ idea, said that

erally effected in time to avoid in-|short terrupting factory operations. The

want to do is

nose

employed to ation-wide high-altit work.” The planes will be built by the procedure, according to the! Martin.Co. The plane would be a WPB, already has saved millions of | slow mode] about as large as the In several cases “transfers|B-29 were arranged which involved about | 30,000,000 in 0 In racks,

the

net-

form ude relay

layoffs of workers * but| would be avoids the scrapping of materials! ind parts that have been partly | processed. 1 The

oll: AIS. The system

S00nNn as

will be permits be obtained,

inaugurated and equipment can

NEW FIRMS AND calls as brief

FOR | FOR LAB EQUIPMENT] - oTntreirs. | :

\SHINGTON, Aug. 10 (U. P.) — | e war has increased the demand anoratory equipment far beyond | guard P qanitar ot s and roduetion capacity of manu- nesses, Marshall C, Harv rers, the WPB said today. vIeaTe: ¢ WPB said it is impossible to Bow oars 58 y : t demands for the equipment | fact gf grave oa Shitley Berry the month. -It is not un-{"'p = 21%: UL ndianels aye. to have the military or an in- | Gro uid meats, Franklin E plant put in an order 1417 to several months, nor- A Lv BY ap Tone bum) hs tput.

Grave Markers, Inc lianola ave) urer

hing st Dav dianola i nufacturers of funeral cosmetics nal on pn shirley Berry and R. Berry, 5833 . - . ee { Ind a ave | | GOODY Maplehur Food county, In-| AR SETS UP diana Processing distribution

and sale ) retail and whdlesale, ete PLANT IN S. AFRICA : Sumr r A s, Newlin Mills, Howard| .. Mill . A. Matthews, all ofl AKRON, O, Aug. 10 (U;P,) —T he | 3ianspolls, Tod. Mark C. MiGs Bloom. | vear Tire & Rubber Co., .0of| Kitchen Craft ron, today announced the estab- | 8c Grime fe } ent of a new rubber manu-| ‘Lawyers Secr: "no . | Trust bic Spec alized ring lant 1 pl an in the Union of | and les I h. Geraldine Turk, 112 1 Africa. IN ; Ma ary M. Miller, 922 8 New | Star on C4 : Jersey rancis C. Dale, 6127 Ralston drive. | Hew ¥ plan will be gid In The Owen Co, 1421 Fairfield ave. Manu-| , Cape Colony. 3 odyest | (aevit a's § t for printed forms. Goodloe A. Ow l Fairfield ave.; Helen N aid the plant would have Gye 1 3 field ave " itial daily capacity of about| Re- 8h I 407 B | hade cleaning, Chester Pr | 81 Olive Pryor, 407 E. 16th

ME Loan

Each month your home loan at ‘AfkinsT grows smaller—~each month you pay less ay and s500n you achieve debt-free home ownership. to buy, refinance or repair a home.

BUY WAR BONDS HERE

YZ, FRY

ASSOCIATION

Marion storage

(300 A

Mid-West Co, 1801 N Co oking utensil distributor 5141 Maple lane tarial Service, 304 Jaciais ecretarial serv

16t} Window | wr, 407 E. 16th |

——

1og Be Bustertat—o. . hal po S114 pts bu shel, ra N a : 3 hie ‘shi od crc, $1.38, 5

to call home.

as possible.

Help their Calls | get through

About the first thing thousands of returning service men

These calls are causing a great upsurge in Long Distance.

Here are two ways you can help. (1) Please avoid using

Long Distance unless the need is urgent. (2) Keep your

FRIDA

The tro ‘kitchen,

% FRECKLES

NEW Y( Ben, Brier asked Pre: have the s