Indianapolis Times, Indianapolis, Marion County, 24 August 1945 — Page 16
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FRIDAY, AUG. 24, 1045
THE INDIANAPOLIS TIMES
BUSINESS —
GERMAN PLANTS
See
Even ‘Badly Bombed Factories Are Building Various
Types of Trucks for Civilian Use to Help Ease Transport Shortage. Times Foreign Rerviee FRANKFURT, Germany, Aug. 24.—At least three German automobile plants, two with American connections, are operating today under military government control. Their main output is limited to a number of trucks for
~ PRODUCE TRUCKS
civilian use. Production ig only a trickle of normal and no passen-| ger cars are being turned out for the civilian market, but 3725 PORKERS much bomb wreckage has been | cleared out and the small number | of trucks rolling off the assembling RECEIVED HERE lines should help ease the at Co shortage. The Ford plant at Co-| | logne, in the British zone of occupa-| tion, has been producing in the Most Divisions Are Active] neighborhood of 10 trucks a day for | ;a period of many weeks, according | And Steady. ‘to muthoritative sources here. The | factory had suffered relatively little! Trading was active and steady air raid damage. on the 3750 hogs and 375 calves re-
= # » ceived today at the Indianapolis THE LARGE Opel plant at Rus- (ockvards, the U. S. department gelsheim, General Motors property .¢ agriculture said. when the war began, hopes to start. one 400 cattle received were iin October on an order to make 5000 . tv cows which sold steady to 11!:-ton trucks which will be placed ea’
*{n civilian motor pools in the Amer- | fcan zone. The factory, all but ‘knocked out by American and Brit‘ish bomber raids in July and August 1944, is now rebuilding 100 Opel sedans for the American Tth army. The Daimler-Benz plant at Mann- . 220 POUNAS ...eiuitannss 13.35@ 14.75 heim, also in the American zone Packing. Sows and also badly erippled by bombing.| goed to Ohoice— ras produced 300 'three-ton trucks | 70. 400. DOURAR cvesinnoisess 14.08 on a contract calling for 500 and] %00- 500 pounds ..... avisvary JOB has another order for 500 coming up. | Medium —
Sheep totaled 500 and prices were mostly steady.
GOOD TO CHOICE HOGS (372%)
120- 140 pounds $14.00@ 14.80 | 140- 160 pounds . se 245014. 80 | 160 pounds UP .ecevesscveses 14
Medium — 160
250 980 pounds ....... . [email protected] ”» ” ” Slaughter Pigs | °L! . Medium to Good— OPEL'S operation depends largely Medium to Good . [email protected]
pn how quickly quantities of machine tools can be returned from the French zone, where the Ger-|Choice— i 700- 900 pounds ... man management hid them for] JX- 500 pounds .
§ i ri he war while it [1100-1300 pounds , safekeeping during the war le 3{00.1300 Pounds
CATTLE (400) Steers
16.25®17.50 [email protected] | 16.75@ 17.90 | [email protected] |
was making airplane component |. . parts, truck parts, submarine pro-| 700- 900 pounds ..... Seisvans [email protected] 900-1100 pounds . [email protected]
| property
The atom bomb was far from being the only new weapon Uncle Sam had up his sleeve at war's end, according to Gen. Henry H. Arn-
old, U.
whose range makes B-29 Superforts seem like bomber, the Pacific and Atlantic With range two-and-a-half to three times the range of the B-29 shown in picto-map above, it could fly from Hawaii to the China coast, complete a bombing mission and return to its base. the super-super bomber could circle the earth at the equator—24,902
whistle-stop run, of Asia,
miles—in three h
Uncle'Sam Had Plenty Up His Sleeve
S, air forces chief, who revealed a new super-dooper bomber
The new
ops.
SUPER SUPERFORTRES
Pacific Ocean
REND IV-N NI
EE EV rN
Maximum range of B-29-—1800 mi | Shown by broken line Estimated range of new super-bomber, 2'2 to 3 A 3 hid 4500 to 5400 mi
Shown by so
something for a local unnamed, could cover all held by the U. S.
so far
from bases now
As shown at right,
Sam's tank plants good mouse trap f ment. And if you eal make mouse traps getting t still.
regulations under
ernment will
pellers and other war materials. 15071300 pounds The movement of this machinery is|1300-1500 pounds ... a big job, not only because trans-|Medium—
’ 50-1100 POUNAS ..eovnvevenes 1325@15 3 port and red tape are involved, but 1100-1300 pounds ........... .. [email protected] simply because the French hate to|common— 3 | 700-1100 pounds ........c.ses 11.00@13. 50 | seit fo. Heifers The Opel plant is also manufac-|cpsicer hs ipo) j.| 600- 800 pounds ....e.ieverne al i turing some carburetors and radi 800-3000 pounds ....ecesvence [email protected]% ators for Daimler-Benz trucks. Good— | » ” = 600- 800 pounds ....ee. Shas ne [email protected] | 800-1000 pounds ..... seeseane [email protected]}
A" DETROIT motor magnate could | Medium— be excused if he collapsed with shock 50. 90 900 pounds . «if he were asked to. produce any-| 500- 900 | pounds ........:.. thing more complicated than a Cows tal equa) wheelbarrow in the Opel plant in its | yedium ps present state. ' It is’ an ungodly Cutter and common...... mess and a jumble of broken. build- Sameer
[email protected] | 10 00@12 3 7.235@10
Bulls a weights)
ings, piles, of scrap. metal and Beet— s 1250 13.50 brick, scorched airplane engines! suo weights) ......... 12.00 aluminum bars and rusty and! Good ..............i.le . 11.50412.50 Fr Ces 5 10.00
twisted steel girders. Yet the factory employs 5000 men | CALVES (373) today, has cleared a couple of] Vealers (all weights) wings where army sedans are being Good and choice .
Cutter and common
Common and medium ssessass AB 903.3% reconditioned and is working on a cun ...... Cine 5.00@ 9.5 truck assembly line. All work is| Feeder and ’ Stocker Cattle and Calves t being done by German employees, | cy .ico ery most of them old Opel hands,| 500- 800 pounds .......c..... 13 $0014.75 +1050 8 evenesernsess 13.50015.00 under American supervision, which | oeg” pounds »e at the moment consis three! 500- 800 pounds. .....ceeees.. 12.00013.50 1 en x nsists of . 800-1050 POUNAS ...eeceseeses [email protected]] hard-working soldiers. Medium ~ - | 2». 0» | 800-1050 Pounds ....e.esees.. [email protected] {Common WHAT WILL happen to American! 5g. 1000 pounds — [email protected] Interests in such enterprises as the | CALVES (Steers) Opel and Ford plants is still unde- Good and choice cided and nobody wants to gal] o0e= 30 pouzas 4.508180 about it now t Bd Me except. the Germans.) y,, ,, 14, down ............ 12.00 214.80 German businessmen want to get| Heilers i bark to “normal” and that would |Good and shoice— seem to include foreign capital par. 370 pounds is di 14000183 ticipation—provided it is not Rus-| 500 pounds down . «vv [email protected] sion (not that the Germans are} SHEEP (500) Ewes (Shern) Yoing to have the right to say for a | Good and ehoice : S00. §.50 long time what type of foreign par- Common and medium. 4.00 5.00
ticipation they have). | Good ‘and choice". (pring)
Copyright, 1945, by The Indianapolis Times | Medium and good.. and | The Chicago Daily News, Inc. | Common
[email protected] [email protected]
DO OO 5 a Diamonds, Watches, Cameras, = : Musical Instruments LOANS ON EVERYTHING! Oldest Loan £ Brokers in JEWELRY E wns The CHICAG co, ING. 3 limi 1 46 E. WASHINGTON ST mamma Make Woodworking Your Hobby—Use : DELTA WE. Buy Diamonds MOTOR DRIVEN TOOLS HIGHEST CASA PRICES Exclusively at PAID VONNEGUT’S STANLEY Jewelry Co. 120 Eg, Washington St, 113 W. WASH. Lincoln Hotel Bldg.
yd CELDT 1S OK
|
LEVINSON has the
STRAWS 26. $750
cultyha
3 {DRS
BASKIN & MARINE STORE
ER ERTL aI
| industry througho
WASHINGTON,
SPB Will Aid Competition In Disposal of War Plants —
Aug. 24 (U.
to make better mou and not
actory
1 guarantee than any ot
he factory would be better
A spokesman- for the surplus board said today that
ut the
*l and discourage’ monopolies,
Based on Four Rules 11975, and 150,000 shares of $100 par The riew fares went into effect for value cumulative preferred stock the country’s major airlines this SPB disposal regulations will be | with the securities and exchange week when the civil aeronautics based on four principles: commission. board gave tacit approval to the 1. The disposal value of a war The registration was the first reduced rate.
| gov ernment.
2, The. potential , buyer guar -an- |
S90 . teeing the highest number of jobs from $13,000,000 of promissory notes,
{ will get the plant—all other things being equal. 3. Local, independent capital will
ests buy a factory.
i plant will. be fixed on its worth
11.50! get preference in’ purchasing a war [email protected] plant and the government will ex- | tend credit up to 90 per cent of the! [email protected] | property's cost to help local inter-
that
the erally wh tu REGISTERS BONDS dispose of its vast| chain of war plants are being de- | | signed to make more jobs, count
spread |
P.) —If you want to buy one of Uncle se traps, you'll pay the price of a the cost of a tank-making establish-
would employ her interested bidder,
more people to your chances of
PUBLIC SERVICE CO.
you WASHINGTON,
—Fares of 19
Aug. 24 domestic been reduced
“which have
proximately 45 cents
fares with berth prices added, was disclosed today. Of 37 sample trips airlines, 26 fell below sleeper fares and 11 than the rai
PHILADELPHIA, Aug. 24 (U. P.) | —Public Service Co. of Indiana. Ty, {Inc., today registered $48,000,000 of
first mortgage bonds, series F, due higher lroad fare,
Airline spokesmen
in step in the company’s two-fold pro-
serreesnsees 1250@1T81 410 neacetime role rather than on|gram calling for its refinancing and that sieeper berths are not needed 10.50012.50 its war use or even its cost to the ithe sale of its water and gas proper- OD. the airiine rips because of the | tes. I - | briefer journey. In addition, they
Proceeds, topper with proceeds
out 6n the plarie trips.
OIL COMPANY PLANS
will be’ applied tq the refund of the company's $59314500 of first mortgage bonds and $14,818,590 of preferred stock, and the pre-pay- | ment of $7,750,000 of serial notes. The other part of the program— the sale of Public Service's gas and water properties and ice properties Ind., to the newly-or-
(N. J), plans for the
| The Standard Oil Co. {announced
{U. PY, airlines, to apa milg, gen-
listed by the railroad -pluswere slightly
pointed out
said meals-a3a@tips could be counted
RESEARCH CENTERS NEW YORK, Aug. 24 (U. P.).— today construction of two new petroleum re-
{ plants and keeping jobs going. the
tethrsraraniansnrans 10.00@ 11.25]
4. In fixing prices of war plants
potentials, : } To Aid Employment
at Sheridan, ganized {a money value will be put on job! nc,
Indiana Gas-Water Co. would be carried out prior to!of expansion o issue and sale of the securities’
he
new $3.000,000.
search centers as part of its program
f its research facili-
ties that ultimately will cost about
The new plants are to be con“We want to encourage competi-| . structed at Baton Rouge, La. and tion,” the SPB spokesman said, “We M t Linden, N. J. where Standard feel that the more people we can ee Ings already operates large research get in industry, operating these laboratories,
healthier the whole national econ-! omy will be.”
He sa nid the SPB wanted particu-' Highways" {larly to keep
industries going in Areas fore the war.
“Plants were built out in the farming regions for strategic reasons—safety from air raids and
that sort of thing,” he said, “Homes}mushroomed around them, stores came in to serve the: people, and | theaters came to entertain them In short we had quickly built communities U. S. Has Power
We want to keep those communities from becoming ghost | towns. If we can, we'll be distribut-
ing wealth, jobs, industry and opFportunities. Well be making our national economy healthier.” #
He pointed ou the government, now holding 20 to 25 per cent of all the prod\ction facilities in the country, coul he whole economic picture in di sing of its holdings. The government now has | some 920 complete plants valued at | | $6,055,000 000 and about $740,000,000 | worth of “part-plants” in the form | of additions of existing faciilties,
PETROLEUM GROUP | ~~ SETS CONVENTION
The Indiana Independent Petro- | {leum association has set Wednes- | {day and Thursday, Oct. 10-11, for|
-
LADIES".
HOUSE SLIPPERS se
KINNEY’'S
138 E. WASHINGTON ST.
[PEARS ON’S
128 N. Penn. Ll, 5513
FURNITURE eo PIANOS B A ND INSTRUMENTS | RECORDS ¢ SHEET MUSIC
|the group's convention at the Hotel Severin, the board reported today. Warren C. Platt, National Petro(leum News editor, will be the principal spe aker,
|
eee ——————J CANADA ORGANIZES HANGERS ERS. fc EACH 2|| You aE RS HUNT FOR URANIUM Be Buy Usable Wire Garment | Men’s Suits & Overcoats || MONTREAL, Aug: 4 (U. P.).Hangers at 10¢ per bundle of 105 The Canadian government is ar-|
52 Stores All Over Indianapolis
18" "3 24”
CASE CLOTHES
ranging organization of 20 pros- | {pecting parties to search in the] {Great Bear lake area for fresh de-
215 N. Senate Ave. Open 9 te 9 d
posits, of uranium, the original
WHILE THE REST OF THE TOWN SLEEPS HAAG’S ALL-NIGHT DRUG STORE 2% and Meridian Sts, ~~ 18 OPEN ! TE
— —y FANN EA taht _“ x
_* WE BUY DIAMONDS
DIAMOND LOANS’
LLURITEL ELS:
-|source of the element used™ he 2|atomic bomb, the Bank of real, said today,
U. S. STATEMENT
WASHINGTON, Aug 24. (U1. PP.) Gov arnment expenses and reesipis for the | current fiscal year through Aug, 22 compared with a year ago: This Year Last Year i $17.669.123.071 13,344.88) 434 » war Spending 1, 55.44.02 12,611,518,628 Rec R,254,108 334,821. 433 Net eticit .
3 vio, R6B,462 ,060,052 Cash 3,041,815 837
Balance 20,016,534 456 1 Debt 363,234,000,162 210.9 088.426 ALY" 20,046, 499,433
Scientech
will be
Samuel C. Hadden at the
day at the Claypool hotel.
MANU FACTURING UP
{ International]
discussed by
and
| most tripled the
WASHINGTON, Aug. 24 (U. P. | —The bureau of census disclosed | Railroads today reported that the | the ATSC, noon | today that 1944 manufacturing dolwhich were agricultural be- meeting of the Scientech club Mon- | lar volume of $150.000,000,000 al-133,000 new freight cars on order | work week would save approximately | $130,000,000 - a year in salaries.
1939 total.
BUSINESS OFF | 3% IN INDIANA
July Figures Down to Level
Of January.
Indiana business declined 3 per cent in July to the level of January,
{Indiana university's bureau of busi-
ness research reported today, Although V-J day came m August, war plant cut-backs were already underway at the rate of $33 billion a year as part of the reduction pro- | gram begun in March, the report | said. However, the bureau emphasized, | not, all industries will be adversely | affected by war contract cuts. Some | will turn immediately. to civilian! production; others, such as coal mining, will be able to increase output as more workers become available, With the exception of retail sales and coal production, nearly all parts | of the bureau's index lost ground in July. Newspaper advertising was fractionally less than in June, but still much above other months in| the second quarter. Live Stock Sales Low Bank debits were seasonally the
{lowest for the year, mostly due to|
lack of income tax payment and! war bond drives, the report stated Coal production was seasonally higher than in any other month this vear, and at a 25-year peak for July Retail trade, especially department store sales, was the best since
{the Easter sales of March.
| 1
|
|
©) | eight years, |
fall below first class railroad
Electricity and steel output was [close to the peak levels of the past | few months, according to the re-
i port. 1 » Livestock sales, especially hog| sales, were the lowest in nearly:
The cost of living, the bureau sald,
LOCAL ISSUES
Nominal quotations furnished by ndi-
anapolis secur ea dealer OCKS Bid Asked Agents Fin oor COM... .oupeee Tha . Agents Fin Corp pfd.......... 19 20 LS Ayres 4'2% pid. .....004. 108 { Ayfeshire Col com ............ 18% 17 iBelt R Stk Yds com........... 37 39: {Belt R Stk Yds pfd verse 33% | Bobbs-Merrill 4'a% ptd....... 60 Central Soya com a8 38 Circle Theater com .. ‘39 “‘Comwith Loan §% pfd 106 107 Delta Electric com . M ? 15%; Electronic Lab com 3 5% ‘Ft. Wayne & Jackson RR pfd a0 92
Hook Drug Co com Home IT Ft Wawne 77%, pfd . d
U.S. Coast-to-Coast Railway Is One Step Nearer Reality.
NEW YORK, Aug. i" (U. P.) —The United States todayis one step nearer the “will-o’-the-wisp” goal of many years—a real transcontis nental railroad on which a passenger can ride from coast to coast without even changing seats, much less trains, Directors of the Chesapeake & Ohio railway have voted to present a plan of merger to three other roads in the Alleghany system-—the, New York, Chicago & St. Louis (Nickel Plate) railroad, Pere Mar4 quette railway and Wheeling & Lake Erie. 4 % Carl O. Newton, president of the C. & ©, told reporters in Cleve-: land that he expected completion of the merger within six months or a year and officials of all the roads, present at the press confer« ente, indicated their belief that the plan would be carried out without difficulty, Merger of these lines into a single system, coupled with the Alleghany-controlled Missouri Pacific, would make up a line from the east coast to the Pacific and down te New Orleans, Principal. cities on the system would be New York, Cleveland? Chicago, St. Louis, Norfolk, Va., and Louisville, Ky., as well as New Orleans.
———— nent
Trina Invokes War Power:
R. R. Seized to Prevent Strike
CHICAGO, Aug. 24. (U. P.).—In the first seizure of a private industry
. . : .
| since the end of the war, the office of defense transportation early today
assumed control of the Illinois Central railroad to forestall a strike df { locomotive enginemen and firemen, . The ODT was named the federal agency to take over operation of the company's facilities in an sxecylive order: 1ssued last night by President Truman, ———————————— The presidential directive came after a daylong conference failed! to effect a settlement in the case, involving a jurisdictional dispute between two railrogd brotherhoods The seizure was ordered by the chief executive because page in the railroad industry at oe time is unthinkable.”
PLANES MAKE . MOST SURPLUS
Combat TYPES Facto
David B. Robertson, For Commerce.
the Brotherhood of Locomotive Fire-| WASHINGTON, Aug. 24 (U, PJ. men and Enginemen, ‘which hag} —Two-thirds of all. war property scheduled a walkout for 12:01 a. m, to date are air-
Strike Postponed president of |
| declared surplus
said that the strike had been post- ts but less than a Tas Sigher than at any time since poned for an indefinite” period. plahes ane pars ii
SOME PLANE FARES od LOWER THAN TRAIN
third of these are saleable, the sur-
| Robertson said that the union would plus property board disclosed today. inot “strike against the government,
Programs now being studied in-
| The styike, if carried out, would s,de efforts to create new markets
have affected approximately 1800 hy practically giving away supplies locomotive firemen, hostlers and i, nigneer users The theory is that hostler helpers on the I. C. and il8 (1, material would have subsidiary, the Yazoo and Missis- |. 1ained and eventually replaced, sippi Valley railroad. thus stimulating new production. W. F. Kirk, western railway director of the office of defense SPB Nas leay transportation and a former official of the Missouri Pacific railroad, was named by ODT Director J Monroe Johnson as federal ager of the I. C. system.
The reason for the unsaleability of so many jaireraft, SPB spokes-
man- them are combat planes for which | no commercial use exists.
Ind As Tel a pf 0% /0i 'y to Jha Ase 7 ar mi los 3p Officials Kept Determined to avoid injur: Indpls P & L ptd . rN Ne, the markets by flooding present Indpls P & L com ............ 22% 241, Kirk said that the ODT would - Ww urplus War " Indpls Water pid 05 consumers with surplus g ' 1 t C . 105 rv Tol Relenss yom 1%, 1a, be In téchnical control of the I. C.| the SPB is turning over many ideas *Indpls Water Class A com .. 19'y system, although company officials r mark Jeff Nat Life cot 15 to create new markets, « 3 £om — - i ir Q far 1 3 3 Kingau & Co id... 48 Ti would eontinue to-direct its facili-| ona of these involves the imKingan & Co com 3 57, ties. I. C. President Wayne A. mense stocks of radio equipment Lincoln Loan Co 5':°. pfd ... 97 101 ead oad Foo sl 2 ey x A Lincoln Nat Life com ....... 53 ss | Johnston said ize railroad would | 5 hand. The office of education: is P R Mallory pfd .e 30 317, co-operate “to the fullest extent” ; chi in o *P R Mallory com. . 8% 299, considering establishing a chain of
Mastic Asphalt N Ind Pub ‘8erv 57%.. “Pub. Serv Ind 5 ’ *Pub Serv of Ind com.. Progress Laundry com
Ross Gear & Tool com’ ...,.; 25% | So Ind G & E 487, vs: 11003 113 Stokeiy-Van Camp pr pl..... 19% 20; I'erre Haute Malleabie ....... 6% Ta L
J] 8 Machine com . seer Pa 3% nited Tel Co 5% .........c... 99 a
Union Title com iinuesiee 30 BONDS American Loan. 4'28 55....... 8 100 Buhner Fertilizer 58 54 ...... 98 American Loan 4's 60 ...... 98 100 Ch of Com Bidg 4'ss 61 ..... 91 Citizens Ind Tel 4!2s 61......103 Columbia Club 1'28 58 .,..... 80 85 Consol Fin 5s 56 “ooo. 98 Ind Asso Tel Co 4':8 70 ..... 108 {Indpls P & L 3l«s 70 -se 107 | Indpls Railways Co 5s 57..... 87 90 Indpls Water Co 3'2s 68 .... 1074 Kuhner Packing Co 4s 54.....°99 N Ind Pub Serv 1'2s 73 .....104 N Ind Tel 4%a8 55............. 2 Pub Sery of Ind 3'4s 73...... 1052 Pub Tel 4'2s 55 ooo JOA Tyee Term Corp 5s 67 eo NM 27 J. Williamson Inc 3s 55... 0 Roi: dividend
ORDER FREIGHT CARS
WASHINGTON, Aug. 24 (U. P).iginhing Monday,
The Association of American!
nation's class one +tailroads had |
on Aug. 1.
3:1 with the ODT.
; labor act, voke his wartime powers.
TO A 40-HOUR WEEK
{turn to the 40-hourwork week be-
radio stations at selected schools
Office of war mobilization and re- and colleges to broadcast complete
who haa re-
conversion officials,
educational courses on all school +quested the special meeting . at! ve1c If this is dene, the govern Washington; D. C., pointed out that ment would practically give the
the President had no peacetime! seizure powers under the railway but still was able to in-
necessary equipment to the project, May Set Up Hospitals
Similarly, SPB is considering -aidThe dispute arosé over whether jo. smaller communities establish the laws of the Locomotive Engine- hospitals which they now lack. Unmen and Firemen or the Brother- | 4... this program, an outlet would hood of Locomotive Engineers pe round for the vast stores of should govern seniorily of firemen ,.adical and hospital supplies, .inpromoted to locomotive engineers, |creased business would be created ~ tarir . for laundries and food markets, and ATSC WILL RETURN the public health would be advanced. In the same field, the board : is thinking about helping young DAYTON, O, Aug. 24 (U. P.)._physicians, surgeons and dentists All civilian employees of the air| who come out of the armed services technical service command will re- by providing them with instruments and equipment at very low cost. Maj. Gen. Hugh! Another SPB idea is expansion of commanding officer of the school lunch program to beneannounced today. fit an additional 12,000,000 children. Knerr said the reduction of the, The government .could help by providing surplus kitchen equipment at | nominal cost.
J. Knerr,
WILY EANE SINGE 1S8D"
"NOT MUCH OF A WRESTLING MATCH, . STEVE! LET'S 60 AND HAVE SOME. BOND & LILLARD.”
EE a6
“THAT'S A THOUGHT — AND THAT'S A GREAT KENTUCKY WHISKEY! LET'S GOI”
to be.
men said. is the fact that most of °