Indianapolis Times, Indianapolis, Marion County, 17 August 1945 — Page 14
IN MPL )YMENT.. American and Pan American-Grace Airways will have a major | contender for Latin American airline business.
Firm. Expects to Increase Workers by 50% Over PreWar Number: Also Intends to Have Jobs for
« All Former By CHARLE
So ipps-Howard Staff Writer T.~The Wilson scared. The president of the General Electric Co. and former | war production hoard boss looked over
WASHINGTON, hasn't got Charles E.
Aug. 1
industrial operations and haul
G. E. is headed fora 150,000-man payrol lin nine months
~ half again as many Wwork-
ers-as it had before the war. It believes it can give peacetime jobs to all its people who want It already is in production | some civilian goods, will be turning | but additional civilian products within a matter of days, and prob- | ably will be producing the most! difficult items—in point of reconverting—in about two months. » ” s THERE WILL be no very long lay | off in General Electric, Except for vacations long-deferred by war, the vast majority of workers will be retained right through the war-to-peace changeover. With wide diversification of the; products in which G. E's 100 plants| have been producing 99 per cent for| ‘war, Mr. Wilson said, shifting over {in some lines will be simple, in some] more difficult. He said G. E. need to enlarge facilities necessary for some of its lines, and has ten-| tative arrangements to acquire two | or three government plants in Erie, Pa., and Trenton, N. J. been operated by G. E. on war work. | . » s G. E. TOOK into war work man) person from its dealer and distrib utor organizations, expects them to return to their old| jobs” Many women workers will give: up industry jobs, These departures from industry, Mr. Wilson believes, possible fot G. E. to give jobs to! its men returning from the armed |
forces and to all other G. E. war] Jase. 1300 pounds
workers who wish to continue with | the company n peace. ”
ILLUSTRATING how speed in
getting back to, civilian production | Good=
varies, Mr. Wilson said output of | electric ranges and refrigerators |} could be managed with little delay, but that radios would take longer.
The first electric ranges came off Good the lines about a week ago—it was Meda on a small scale, he said—but if Fil
materials are forthcoming quickly enough G. E. could be back to full production. in six weeks, The first few refrigerators have been produced, and if materials are available G. E. could be at reasonable normal output in 30 days. The company's radio manufacturing - facilities have been devoted entirely to army and pavy work, | and the changeover here is a tough ! ne. But Mr. Wilson estimated | that “by the first of the year we'll have as many workers as ever on home radios.” oy " n G.E.'s PLANTS making fractional horsepower electric -motors have been producing direct current motors for- the military services, and must swing to alternating current motors for civilian use. The! technique .and equipment are entirely different, he said, and this will be an extremely difficult reconversion problem. In big turbines and generators, on the other hand, G-E in a week will be swinging duction using all those making this equipment for the way, he said. . Net,” the comments added this: Reconversion will have its] difficulties but G-E has planned | well and expects no serious unEmployment in the months S ahead
WORLD BANK BONDS
SEEN IN 18 MONTHS
NEW YORK, Aug. 17 (U Investors the bond
Ret quotations in the
looking at morning papers about 18 months from now will see the first Issues of the world bank, according to officials steered the Bretton Wood ment through congress, the cation Business Week said t “A typical issue, they vield something cent,” the artic be a U. 8
in the sense of being exempt from
state taxes or from securities and M
FXchange commission. registration On the contrary, it will be sold like ahv foreign only. Before any bonds are sold, the purrencies of potential ill have to be revalued, but offi als think cheerfully that this can be done 26 Jl ulckly,” the magazine said
NEXCANS T0 HELP
188ue, hy roOspeCt Ls
porrowe;
"ON INDIANA FARMS .:
LAFAYETTE, Ind, Aug. 17 (U P)) —Indiana. had 1200 Workers on hand today, #hortly, to help ease the farm labor shortage. J. B. Kohimeyer, state supervisor ‘of emergency farm labor. anJhiounced that a new consignment, of 300 Mexican nationals were on their way to Indiana to work in harvesting canning crops. _ . .
* Konlmeyer said “the Iatest con-
oc — would work around Terre Haute, Rushville, Clay City, Delphi, Kirklin, Lafayette, Greencastle; Ro-| ¢hester, La Porte, Middletown, Sey: | = our and Warren,
ay “WARD PD SALES UP C.CHICAQO, Aug. 17 (UV. Si i je Si 20 Tag? Tout,
would | Med
that have, Ms
and Mr. Wiison| Cholce. -
ad
will make it i;
| 800-1050 pounds
into civilian pro- (
up to
mar- Comwit
who ;
foreign or expected Pp
P)—~! Om Ward & Oo. announced | Xo. ht gd sales totaled $47. Tae ro h a7 'r gent increase over
Panama Airline Prepares Competition for U. S. Firms|
By ERNIE HILL Times Foreign Correspondent PANAMA® CITY, Panama, Aug. 17-If present plans materialize,
For Taca Airways of Panama, with affiliates and subsidiaries in 10 Latin American countries, plus financial interests in British West Indian Airways, Ltd. (operating in the Caribbean islands) believes that it has
Employees. 8S T. LUCEY:
job of reconversion
his company’s ed off with these comments:
their extensive network of operating companies feeding passengers to one another,. they can develop a svstem which can compete on an equal footing with their other great rivals in the tremendous commercial air traffic of the hemisProspects Good for Most headed by Eduardo Lopez—brother Indiana Crops. of Alfonso Lopez, who resigned Times Special Gl yearly this Ring is wSclomble's LAFAYETTE, Ind. Aug. 17.—InTT iYesiden he olombian om- . . as pany, through the government, has| 18a 1945 corn crop, which was MTS PORKERS informed the U. S. state depart- Planted late, has hit its stride, the ment that it wishes to run an air-| Purdue university agricultural exRECEIVED HERE the 1929 “agreement which provides | that the planes of each country Se —— may Jand in the other country. Mates of 47 bushels to the acre. Colombia points out that U. S. This average, may be increased if planes have been operating under | 8 sizable acreage of extremely late that agreement for 16 vears. |pla anted corn can mature, the sta(Editor's Note: - Pan - America’s | ton said. Estimated corn production was active and steady today at the In- {put at 215,824,000. dianapolis stockyards, the U:. S, de- . partment of agriculture said. The state department has balked, Receipts included 4475 hogs, 625 suggesting that the old agreement’ 725 calves and 1000 sheep. should be redrafted and brought $0 bute estimated a4 40. up 10 date to conform yuh the | 648.000 bushels at an average of 42 Chicago agreements,” drafted last bushels per acre, is the largest since
discovered the formula, phere and of the world. The first step has -been taken line from Bogota to Miami and| periment station reported today. Favorable moisture and temperaAll Divisions Remain Active, Steady. subsidiary, Avianca, in Bogota, has Kew: 1 8 t LiKewiee Apa LO Winter wheat proved better than expected, with a yield estimated at vear at the Interhational Civil Avi- 1831, said the report. ation confererice,
Taca officials believe that with | vast |by Taca's affiliate in Colombia, Bogota- -Panama- New Orleans under ture in July have resulted in estiThe livestock market remained fiv those same routes to the C. A. B.) 23 bushels per acre with a total of Not at U.
cattle,
GOOD TO CHOICE HOGS (M5) 120- 140 pounds $14.00G 14.80 | 140. 160 pounds 14.50% 14.80 160 pounds up 80
Soybeans Good
In spite of some late planting. However, Taca of Colombia has soybeans promise 24,030,000 bushels announced that It 1s prepared wn Rye is unchanged from earlier inbuild a modern airport at Bogota | dications of 1,330.000 bushels, Poand demands permission to fly to tatoes, because of smaller acreage, Miam{ and to New Orleans. Fur- are expected to produce. 3.795.000
) {ther international negotiations Will, cele although the yield is indi90- 120 pounds .... .. [email protected] | be handled before the two .coun-!.steq at 115 bushels per acre. The n CATTLE (a8) | tries reach a final decision. crop is about 68 per cent of the Steers | P { Edward W. Scott, vice president | average. 162891150 of Taca Airways, has left here for | Tobacco is expected to produce '' 1673@1800 Bogota in an effort to push plans 13170000 pounds, approximately Hay crops
+ [email protected] for the Bogota-Miami and Bogota< |1098 pounds per acre. are better than expected and the
. [email protected]| New Orleans routes. 1100-1300 pounds . + 1390@1253| Taca's organization’ setup is the yielq of all tame hay at 1.40 tons 1300- 50 pounds .ucerreenn ++. [email protected]| dream of a Philadelphia lawyer, Its | per acre is 10 per cent above aver0 T [email protected]| founder and largest single stock-|age with the total crop estimated [email protected]| holder is & British subject, Lowell gt 2639000 tons. Pasture, above . [email protected]| Yerex, a New Zealander. Starting | average, is the best since 1938. Milk with 88 per cent, Yerex, however, production continued at record 15.25@16 90! After having sold 100,000 shares re- levels though increases in number 18.50@17 00} cently, controls only 28 per cent, but | of cows seems to have about 14.50@15 2| | still holding the biggest individual] |stopped. Production in July of . [email protected]| bloc (T. W. A. controls 20 per cent). | 386,000,000 pounds of milk is 16 per [email protected]| Of the stock of ‘the parent com-|cent greater than last year, accord- | pany in Panama, some 70 per cent ing to the report. is U. S.-owned at present. Fruit Crops Off
All National Companies Th vez of lavi n Show : e number of laying hens sho OO aloes of hel pout the usual seasopal, decline ; Daren company Simul the laying rate is at a record
. 13.00@ 14 2! A waar, oo peel {nigh level. Egg production in July ne panes. in wich ji has In. 1.f 168 million eggs iv 12 per cent
[email protected]| vestments are national companies. “ . [email protected]| Tapas operating or ave above last year and production of Cutter and common .. [email protected] a poy Ble" foll The (hatchery chicks, likewise continues Po Ss 3 S$: i CALVES (123) + assifiable * as lollow 10s€ In|o¢ record high levels for this time Vealers (all weights) Brazil, _Colombia and Venezuela of vear Good and choice : .. 1550@1600 are affiliates: Honduras, Nicaragua, : : Common and medium ........ 10.00@1880| ooo pica Salvador, Me Pus The peach crop, estimated now Cull .... "s.00@ 9.50| r, Mexico, sub-|.; 799000 bushels, is considerably Feeder and Stocker Cattle and Calves |Sidiaries; Paraguay and Argentina pi per than was anticipated earlier Steers | 03 Hie paper stage). and seven per cent larger than last 13 [email protected] en Yerex was the main stock-lyear the station reported. [email protected] | holder in Taca, it was considered of | Other fruit crops, however, are j3%08 13 50 Brier onigs, Tacs, however, has iar pelow average in the state. Com- . 13.5 t r - : 3 na oe008 no emp ik 9 get British desig- mercial apple prospects declined in 00-1050 pounds 10 [email protected], Nation as a South American carrier.
| With 10 sibsidia and asliar July by 69.000 bushels to 1104000 Loon s . 2 | 1 10 stbsidianes and afiliates hshels or 72 per cent of average. 500-1000 pounds 875@1035| ip Latin America, Taca will be im a Jer :
CALVES (Steer Pears are reported slightly better Good and tholce ZN position to demand to fly to COUN- than prospects showed a month 320 90 909 pounds ... 1450®16.00| tries in every place in the world. | ago, but still are only 63 per cent 2 Copyright, 1945 bv The Indianapoli and The Chicago Da Hore 8 Times | of average. Grapes are showing a
500 pou nds down . 1200 14.30 eb sharp improvement but remain a «= STOKELY-VAN CAMP
DECLARES OVIDEND OLDSMOBILE PLANS
500 pounds down 13.80 14.25 COMMON stock at the rate of one PRODUCTION HIKE
Mediume— 500 pounds down .. wears 11.75@ 14.00 SHEEP (1000) Ewes (Shorn) Good and choice . Common and medium . LAMBS (Spring) osely sorted .... nd choiee 16 Sain share of common stock for each NEW YORK, Aug. 17 (U. 10 shares outstanding, has been de- Oldsmobile division, General Motors | clared by Stokely-Van Camp. Inc - ; . > hide 40 ore Corp., at Lansing, M + Wil y LOCAL ISSUES The dividend is payable on Sept. rp ansing, Mich ill have iidosto poets i" 20 to holders of record on Aug. 30 a peak output of 450,000 vehicles The regular quarterly dividend of compared with 272, in 1941, -S: E 25 cents on a prior preference stock Skipner, vice president, declared towill be payabl jer. pa) nh oe 1 to holders q,y and disclosed that the plant Tel. nual stockholders’ has reconverted about 85 per cent 19; 1s set for Sept of its pre-war ‘facilities Offices at D4] The volume of production is dependent the rate at which materials are received, he said. “For the immediate present,” he added, “we are continuing to manu- ~ |facture some war materials. These {are specified items which I am not {at liberty to mention. Although |we are only 5 per cent away from pre-war normal facilities for manu- . \ ; facturin civilian ve s t David A. Crawford, president of small rice se a! the parent compar said the. nro- rR 3 g P severa * osal: had b mitted to 4) months to attain I natlon's “ralirom | ) that | © While there are now about 7500 101 AlITOAQS, | na ) miny carried or | employees at the Oldsmobile plant, ted parties ; (the schedule called for more than ' . 10,000. he "said. : It is expected directive entered hy moving os U. 8. district court on March 2, 194 lowing the company vealY 1! which to comply with a cecree ¥ntered May 8. the Pullman anti-trust case. !
160- 0 pounds ‘ 13.25@ 14.75 . Hearing Packing Sows | Good te Cholce— 270- 400 pounds . 0nd Oe 300 pounds sieeve verse 14.05
um — 280- 580 pounds .......o000i0n 12 75@ 14.00 |
Slaughter Pigs edium to Good—
200 pounds . 200- 1100 pounds ...... 1100- 1300 pounds ...... 300-1500 pounds
7060- 000 pounds. . 800-1100° pounds .
700- 1100 pounds
ommon — Coo. 1100 pounds
| Chotce— 800- 800 pounds ........ee.00 800-1000 pounds . 600- 800 pounds . 800- 1000 pounds ....suees Mediu 500 900 POUNAS ..evirrnnrene Common-— 800- 900 pounds . . [email protected] | Cows (all weighto | 12.50414.00 | . 10.25@12 50 7.50@10 50 | 5 25@ 7.50)
ro Pd common aavhan Bulls al weights)
Bee elo tall weights) . Sausage— Good Medium
Cholce— 500. 800 pounds
Good—
5Q0- 800 pounds 400-1050 pounds
14 0016.50
6 00@ 7 50! 450@ 8.00 |
1 quatations furnis securities dealers
STOCKS
hed by Indi-
Bid Asked 2 of record on The ar meeting 19 in the business
N. Meridian st
PULLMAN PROPOSES SLEEPING CAR SALE
CHICAGO, Aug. 17 (U. P) . Pullman, Inc, announced a posal todav in its 2» report to sell entire stock in the “| Pullman Co. the sleeping car operating subsidiary.
upon
t Wayne & Jackson RR pfd.. i 1
prosecond quarter
negoswith
lations were ¢ }
al was designed to con-
that cars will be the assembly lines at an accelerated rate by the middle of October. Prices for the. 1046 models are expected to be between 15 and 20 per cent higher than those for the 1942 models, but no prices will be announced until de-
NEW FIRMS AND Csions have been made by the ofPARTNERSHIPS
fice of price administration
- HIGGINS LAUNCHES yp Se Te CIVILIAN PROGRAM
Washington Harold ¥. Schosttle. 1008} NEW ORLEANB, Aug. 17 (U. P) J Dudley ave. John M. Hoter. 158. Downey | —Higgins Industries, Inc, makers 8. Lawrence J. Moran, 137 8 Spence: ave, |0 of the famed Higgins landing boat, a | will launch a $25,000,000 civilian INCORPORATIONS iouaittarion program next week, the firm announced today following the [cancellation of a $20,000,000 war on SIG Leo, 1. Kriner contract, Thus 5500 employees who . KC. France, Glenna France, Kath- have been, doing war work will reWag tain their *jobs.
Chevrolet, ’ U. S. STATEMENT
WABHINGTON, Aug. 17 (U, P.). Gove ernment expenses and “receipts for the “current fiscal year through Aug. 31 eompared with Au 12 a. year 0: ix Year ast Year $11.696.405.702 $11,352.026,278 10.023. a mn 21 £90 871 Tureo Products. Ine. California ecorpora-| Receipts 1.070 3,283,714.011 ton: wdmitted for the manufacture and | Net Defeit 1.741,824,123 Yatoty at y sale of chemical tompounds and related | Cath Balance. 21.000 541.825 20.313, 528 883 2 My paying $1.56 per bushel {or mechanical # | Public Debt 263.034.2307 117 310,707,512 988 red heat (other grades on a “lndir, on oBuppiy. Ine, 183 [00ld Reserve 20,130,060 R71 20 0A 282 976 No
Bw oats. No. 3 white or ' TRAE 2a 5 a ids INDIANAPOLIS CLE CLEARING HOUKE
E ah a 3. im To a on ne: corn eo t par aus # | Clearings sess A Rags Anas 4 5,705,000
one
separation 11044, in
Enterprises © 11 0ods and neo | harles Mitchell Ne
Mitehell's Industrial Emer n<Ave art ties manufac! 5S. Emerson ave Poplar rd
* Willian IP I | Ex-dividend, ~ | LOCAL PRODUCE |, Socrates Setvice, toe, address
Bankers Trust|
tame i value (Prices for mant delivery) {r All breed hens, 25.9¢c Broilers, fryers and roor®%rs bs. white an® barred rocks 303 All No. 2 poultry 40 lest Old roosters, 21.9 Eggs~-Current large, ddc 1 grade, 3de
Inc, Plymouth; dis-
Ander 8 Ki ngsport Supply Co. Alpine ave. hyville, "agent, ussell Roadway. Shelbyville. 5000. - | par value: lumber supply and manufectur- | Ing Clade Po Gross, Enola D, Gross | Do nald Gor 1 | Nukraft Mig ©». Ine. "Alpine ave , hyville: agent, Russell BR. Gross, 339 Broadway, 8helhyville; 2500 shares without par “value; manufacture of rubber prog-
WAGON WHEAT : ucts; ‘Russell R. Gross, Purdell J. Gross, |
Kathleen Cotlston,
8helGross, 330 W w
receipts 3650: grade A} grade A medium, 3%; No utter«No,. 1, 80¢ Butterfat—No, , No. 2, 36¢ '
Expenses War Spending
Indianapolls four mills and ‘grain ele-|
ERE
oo ane No, . "nl + hele" corn | va Bihar
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