Indianapolis Times, Indianapolis, Marion County, 28 August 1945 — Page 10

FARBEN INDUSTRY FACES EXTINCTION

Allies Plan to Eliminate Great German Chemical Firm; Plants to Be Used as Reparation Payments,

Destroyed or Converted.

By JOHN McDERMOTT United Press Staff Correspondent

HOOCHST: Germany, Aug. 28.—The world's greatest individual war supply machine, the I. G. Farben chemical industry, is being ripped apart and eliminated forever as a

threat to peace. Col. Edwin S.

of the Farben industry.

Certain plants and machin-| ery owned by the firm will be made available for use by the allied nations as part of Germany s|

war eparations.

THOSE PLANTS are

which

considered undesirable for allied use |

will be destroyed and certain pro- | duction units will be decentralized |

facturing. The management will be changed in accordance with a “trust-busting” | plan aimed at eliminating the industrialists who were Germany's biggest war lords.

Most of the 30 Farben plants in|

the American occupation zone were undamaged by bombs or artillery fire, although some other company factories in the French, British and | Russian zones were almost totally] demolished, Pillsbury said. - u EJ

HE WAS UNABLE to say wheth- |

er allied bombers had deliberately spared the sprawling Farben buildings in Frankfurt-on-Main, where U. 8. army headquarters for the European theater are now established. He pointed out, however, « that the Frankfurt plants housed no actual war production machinery and were principally an administrative center, The Farben organization at its world war II peak employed 400,000 men and women workers in its Reich war machine, and the total value of its industries throughout Germany was estimated at close to 2,000,000,000 reichsmarks ($800,000,000 at pre-war values.) - » = . THAT SUM represented only the worth of the industries owned directly by the Farben works, and

did not include the many govern-ment-owned plants operated By the -Farben management. : Most of the industry's high of - | ; Sr a oh os Fm Th Jz against

i ee RAE BP A

« sion. Dr. Herman Schmidt,” ex-presi-dent of the combine, is being held | by American authorities and it is considered likely that he will beg

Pillsbury, the huge organization; revealed that a three-point progr am has been started to dispose]

AOL them ati! sted the . by the allied -war crimes echo Cle Tobias

BRITAIN 29 BILLION

U. S. army supervisor of

Uncle Sam still is “in the red” by somewhat more than 35 billion dollars on his lend-lease operations, as shown by this chart based on the report of Foreign Economic Administrator Leo T. Crowley. money-bags at left show dollar value in goods and services, advanced to individual nations, totaling more than 41 billion dollars. Reverse lend-lease accounts for the 5's billions shown collected.

THE INDIANAPOLIS TIMES Here Is Uncle Sam's Lerd- Lease Ledger

35 BILLION NOT COLLECTED

PEACH CROP ON LOCAL MARKET, S

Pi Good . Weather Prolongs Melon Season.

ry Times Special AYETTE, Ind, Aug. 28—

a ment of an estimated 5000

\ bushels of South Haven peaches

The

OTIS & GO. BIDS FOR PULLMAN

Offers $75 Million for Car Servicing Business.

WASHINGTON, Aug. 28 (U. P) be carrying the U. S. flag on the fi ffoute in aviation history.

PHILADELPHIA, Aug. 28 (U. P.).

central Pacific to Calcutta from San |firm, filed a petition in U. 8. district] The board recently granted Pafi,—— {court yesterday seeking permission|American certificates to fly edstto submit an offer for buying the (ward across the North Atlantic to sleeping car service of Pullman, | Calcutta. If, as expected, the CAB Inc. approves the examinefs’ recom- | The concern, which said it would | mendations in the Pacific case, it | {be associated with the Robert|Will amend Pan American's present | Young-Allen P. Kirby group, said routes to complete “a round-the- | lit was willing to pay the same price world service’ by an American | lon the same terms that Pullman (carrier. : offered to sell its servicing business| “Round-the-world cruises by air| to the nation’s railroads last March. | Will stbstantially reduce the time At that time, Pullman had listed its|that was required for such cruisés sleeping car service for sale at $30.-|P€fore the war and will make pos{000,000 in cash and $51,000,000 ir Sible a maximum of time for the equipment trust certificates. visiting of foreign countries with Later, Pullman reduced its sale ® minimum of transit time,” the price to “under” $75,000,000. examiner said. At a press conference here, Cyrus 5 Flights a Week Eaton, a member of the Otis Co.,| What they meant was that some said Otis was willing to pay $75,000,- (day, not too far off, you may be 000 for the sleeping car service but|{able to buy a ticket from Pan made no disclosure on how the pur-|American at New York and two chase would be financed. weeks later arrive in San Francisco Young, a resident of Cleveland, or Los Angeles, having visited: together with Kirby of Morristown,| Newfoundland, Ireland, Britain, N. J, and other associates have since | Belgium, Germany, Czechoslovakia, 193” managed and directed the|Austria, Hungary, Yugoslavia, RoAlleghany system of railroads, con- mania, Bulgaria, Turkey, Lebanon, sisting of the Chesapeake & Ohio,|Iraq, Iran, Afghanistan; India; the New York, Chicago & St. Louis| Thailand, Hong Kong, China, and the Pere Marquette. Japan, Midway and Honolulu. Young said the new group| If you want to spend a few days planned to confer in New York to-{in any of thése places you just morrow with ‘Daniel C. Crawford,|wait for another clipper. The exPullman president. aminers estimated that there would The petition was filed with the be enough round-the-world travel! {clerk of the district court and there for five schedules a week using air{was no indication when the court craft of the Constellation (55-pas- | {would take action on it. |senger) class, When the circuit court last March | The CAB examiners also proposed | es. the Pullman company to that Northwest Airlines be licensed S88BE0N The ean ET Ree Or av Foe vy Er daluerween News Tore TrRriSimcag new. corporation to be operated by and Manila . via Canada, Alaska, {the various railroads using Pull-!Kurile islands, Japan, China and

{man’s services ona pro-rata basis... Ni 2 TS — a =

iE 0

The government. oo _ tos thei. Ringtone “Pall a a

Civil aeronautics board examiners recommended yesterday that the and converted to peace time manu- Otis & Co. Cleveland. investment pioneer international carrier be licensed to fly westward across the

iby May of next year, the depart-

| than last year.

jazad., Fh A year ago. ee i bop

plan and fis. high Georges

{quently diclosed that Pe of the! | railroads had shown any interest tin the plan.

5 FT. WAYNE PLANS | Pullman then elected to dispense} FOR MILK PLANT with the sleeping car service after

maintaining a monopoly for 40 FT. WAYNE, Aug. 28 (U. P,).— Years. ; Plans are under way for construc- | The anti-trust suit was filed July| tion of an 88 by 156-foot milk re-

tried with other top Nazi war crim- | inals at Nuernberg.

12, 1940, when the government| ceiving plant at the intersection of | charged the Pullman group violated | roads 27 and 427 by the Wayne {the Sherman anti-trust act. On! Co-Operative Milk Producers, Inc. | April 21, 1944, the court, set up to in Pt. Wayne. [expedite the case, found the comApproximately $100000 will be! | pany guilty and ordered it to sep-| spent on the first portion of the 2'a!e the two businesses. building to be constructed, the! The court held that Pullman's management stated. policy of requiring railroads taking {its personal service to lease or pur-|

LINOLEU {chase cars from Pullman Standrey : ka

ard Car Manufacturing Co. resulted in a monopoly. A formal decree was issued May 8. The offer placed a value of $5,000,000 on the Pullman shop and | latmdry, ~$15000,000 for working! capital and-supplies,- $20,000,000 for obsolete cars, $35.000.000 for new {lightweight cars. The latter category included approximately 600 of the 6250 Pullman cars now in service.

Al Types of METAL MOULDINGS and Sink Rims for You Kitchen Cabinets . EE DELIVERY! © | The company said it planned to

Jordan Linoleum Co. {replace the present fleet of Pull#07 W Wash St Opposite Statehouse || Man cars with modern sleeping and . observation = cars at a cost. of| $500,000,000.

WORKERS CONTINUE MAGNAVOX STRIKE

PT. WAYNE, Aug. 28 (U. P)— The "Magnavox "Co. in Pt. Wayne | | said today that no negotiations for | #4 | settling the wage dispute between , | employees and the management § | would be made until the picket | lines were withdrawn and the! : | workers returned to their jobs. | | Picket lines were set: up at the plant Monday following ‘a mass | meeting of employees in the ri6rn{ing at which the workers yoted. to | | withdraw the wage dispute from [the war labor board

EVANSVILLE BRIGGS PLANT SHUTS DOWN

EVANSVILLE, Aug. 28 (U, P.).— Nearly 5500 employees of the Briggs Indiana Corp. were affected today by a shutdown caused by a cancellation of all war work, The plant has been fabricating wings for navy- Corsair planes.

eSBs

Bonds of the United States Government,

Ths Territories and Insular Possessions.

‘Municipal and Corporate Securities Real Estate Bonds and Preferred Stocks

| Vultee aircraft which it said - could

| orders. dropped 308 per

would be extended not ‘only to take in Calcutta but also to Sydney, | Australia, along a South Pacific route from Los Angeles to San Francisco. Pan American had contended no other carrier should be authorized to fly the Pacific but the examiners cited the precedent in the North Atlantic case for instituting {competition in America’s international air operations. Competition would make for lower costs and fares, the examiners held. Pan American “will enjoy dominant position in the Pacific and. in the Central areas.” When it appled for the Pan American announced it would L ugined DC-T aircraft] featuring 12 berths, four staterooms and 59 reclining seats. Later the airline ordered. a fleet of 204passenger, six-engine Consolidated]

South | Pacific

be used in trans-Pacific and transAtlantic operations Typical trans-Pacific tioned at the time were San Francisco cr Los Angeles to Calcutta — $292.50 Manila— $298; to Tokyo—8$277

fares men- |

LUMBER ORDERS DOWN - WASHINGTON, Aug. 27 (U. BP.) —Lumber shipments of 45 mills for the week ended Aug. 18 fell 1.1 per cent below production and new cent, the

| Gold Reserve

They said nevertheless that |’ a pres

routes |

Pan-Am Soon May Fly Firsf Round-the-World Air Route

~—Pan American Airways soon may rst round-the-world commercial air

| Farmers Get Parity Prices

Francisco and Los Angeles.

SEES TRANSPORT EASE IN 8 MONTHS

WASHINGTON, Aug. 28 (U. P.. —The department of commerce said today that eight more months of intensive effort should see the! nation’s transportation system through with its big job of troop movements. That doesn't mean that no more troops will be moved after that. But

ment said, things should be getting pretty much back to normal. In a review of the transportation outlook for the remainder of 1945, James C. Nelson, chief of the transportation unit, said during the year demands of the railroads will total 90,000,000 passenger miles, 6 per cent less than in 1944. He said total air traffic for the year is estimated at 3,300,0000,00 passenger -miles, approximately 1,000,000,000 more than in 1944. New bus equipment should provide from 5 to 10 times more capacity

BUILT 37,000 PLANES

SAN DIEGO, Cal, Aug. 28 (U. —During world war II ConsoliJ Vultee Aircraft Corp. built

| nearly 37.000 combat, training, liai- loan wheat will be bought after

-and |

{son and ‘transport planes | equivalent spares, i.

ST TEMENT

: IR GTON, yu (0. Pr ~Gov. ernmeht expenses and receipts for the [current fiscal year through Aug. 35, com-

This Year LSE ie $14 3 03% AN 5,158,028,388 9,402,035,148 19,484,705,528 263.266,265,626 20,087,365, 641

4,372, hi 134 10,261,904,720 18513.637, 607 210,986,595,412 20, 946, 171, 264

Receipts Net Deficit Cash Balance Public Debt

INDIANAPOLIS CLEARING HOUS Clearings ....ccossvsssnsnusnns $ 4,584,000

LOCAL PRODUCE

(Prices for plant delivery)

All heavy breed hens, 25.9e. All leghorn hens, 23.9¢

{full parity return on their wheat.

payment will be made on farm-

will be Be applicable loan value

PROGRAM FOR WHEAT LISTED

Under U. S. Loans.

WASHINGTON, Aug. 28 (U. P.) — The agriculture department has announced a purchase program offering farmers full parity prices for 1945 wheat placed under govern-

ment loan, Farmers who put wheat under Commodity Credit Corp. loans will

will mark the LaPorte county peak

ket news service predicted today. The county will finish the season for Rochester peaches with a 500 bushel shipment this week and for Hale Havens with a 3000 to 4000bushel shipment, the report said. Elbertas should start the i of next week. Southern Indiana peaches nearly finished, the report said. Melons Continue Good weather is prolonging the melon season at Johnson in Gibson county, and about 3000 crates of cantaloips are expected this week. Jackson county and Vincennes are also shipping them. Prom eight to 10 carloads® of watermelons a day will move from the Johnson area this week, and watermelons are still coming from the Vincennes-Decker area through the peak is past, the report stated. Watermelons in Jackson and Daviess counties are expected to reach their peak about Sept. 8-10. Cool weather is delaying Grimes, Jonathan and King David apples in south Indiana, but there will be light pickings of the two former this week in Knox and Morgan counties.

LOCAL ISSUES

are

have the option of selling the wheat next spring to the department at 15 cents a bushel above the applicable loan value minus carrying charges. Average Is $1.38

The average loan rate for this year's crop is $1.38 a bushel or 90 per cent of parity. The stabilization extension act of 1944 requires the government to guarantee farmers

All farm-stored wheat under loan, which has not been redeemed by next April 1 and which is delivered

Agents Fin Corp com

Nominal quotations furnished by Indi-

Asked

anapolis securities dealers:

OCKS Agents Fin Corp pid 20 L 8 Ayres 42% pid Ayreshire Col com Belt R Stk Yds com...

Belt R Stk Yds pfd Bobbs-Merrill 4'2% Central Soya com Circle Theater com ...

aa Be *Comwlth Loan 5% pfd

Delta Electric com Electronic Lab com. 4% *Ft. Wayne & Jackson RR pid 90 Hook Drug Co com Home IT Ft Wayne 19% pid... Ind Asso Tel 5% re Ind & Mich E dia pid.

19 51 pid 107% Indpis F & L Indpls P

Tndpls Water pfd

to authorized agents by the pro-}indpis Railways com

ducer, will be purchased by the department. The government will pay a price equal to the loan value plus 15 cents a bushel, but not more than the ceiling price. No storage

stored loan wheat that is purchased by the government.

Buy Unredeemed Grain Unredeemed warehouse-stored

April 1 in the Southwest and after May 1 in other, areas, The price

d. by. warehouse receints

than ceilings. The amount the producer will be

unperd 3 plug Boi on through the ate of purchase and “the amount of accrued unpaid warehouse charges through the stor-

*“Indpls Water Class A com — 1

Jeff Nat Life com.

Kingan & Co ptd.. Kingan & Co com Lincoln Loan Co 312% ‘pd

Lincoln Nat Life com

Mallory pfd .. *P R Mallory com . Mastic Asphalt

N Ind Pub Serv 5%

*Pub Serv Ind 5% . *Pub Serv of Ind com........ 30'a Progress Laundry com 1 Ross Gear & Tool com

So Ind G & E 48% ....

Stokely-Van Camp pr pf Tite Haute Malleable U 8 Machine com ....

United Tel Co 5%..

Union Title com..

American Loan 4'2s 55....... Buhner Pertilizer 5s 54 American Loan 4'as 60 . oo ;

ofa Bushiel RE IR (En

{paid will be the difference ‘between |; 27. 2: ah “purctisse-prite-ana “the

a N Ind Tel 4%as 55... renee Pub Serv of Ind 3%s T3. Pub Tel 4'%s 55 00 Trac Term Corp 5s, 67 . H. J. Williamson Inc 58 55

age year.”

Broilers, fryers and roosters under 3 , White and barred rocks, All No. 2 poultry. 4c less. { Old roosters, 21.9¢ Eggs—Current receipts, 37c; large, 45c, grade A medium, grade 26 Bu

grade A 3c; No. © 34c; pullets, 26e. —No 1, 50c. 49¢,

t Butterfat—No, 1, No. 2, 36¢ .

# LOANS

(LITT SRA

LOW INTEREST First mortgage loans on Indianapolis residence and business property, including F.H.A. plan. You might refund an existing loon ot a lower rate. If you are buying on contract you mit borrew, take title, and save on both interest and foxes.

BANKERS TRUST CO.

PENNSYLVANIA R OHIO STREETS

National Lumber Manufacturers association reported today.

L Member Feders! Deposit Insurance Corp.

WET or DRY , .., YOU KNOW YOU'RE SAFE It's KENTUCKY ROCK © ASPHALT

Experience has shown that it p

the base, apply a new face of

? Safe —— Smooth we Ee

: Indianapolis Bong and Share Cory, i, bo 0.8 hid Bonds and Stamps

e INSTI

KENTUCKY ROCK ASPHALT |

Because: of its natural formation of silica sand and asphalt,

roduces one of the most durable -

types of road surfaces when built upon a stable base. Save

KENTUCKY ROCK ASPHALT,

onomical = Durable .

TUTE eo -

*Ex-dividend.

this week, Purdue university's mar-|

. | Medium to

qT % | Cholco— "1100-1300 pounds . + 1 1300-1500 pounds

‘an J3001%00 pounds . + | Med)

§ & Me * : 800-1050 ) pounds sessssecseese [email protected]

TUESDAY, "AUG. 28, 1045

$41, 926,000 in SPB Goods Sold for $13,621,000 in July

A ASHINGTON: Aug: 28 (U.:P.) ~The surplus property board an= nounced today that surplus property originally worth $41,926,000 was sold for $13,621,000 in July, SPB said July sales, considerably below the peak disposals in June, brought in 32 per cent of original costs of the surplus materials. July sales dropped, mainly. because of SPB's recent 30-day freeze of surplus stock sales, SPB said. In June, SPB sald, property originally costing $60,000,000°was sold for $20,886,000, Capital and producers’ goods, including heavy machinery, origineally worth $27,000,000 which was sold by Reconstruction Finance Corp., headed the list of July disposals, This compared with RFC disposal of $40,352,000 of goods last May, July sales also included $11,236,000 in consumer goods compared with $20,651,000 in June; $937,000 of surplus maritime property come pared with $4,776,000 in June, and.$7000 of agriculture commodities— a sharp increase over June. SPB pointed out that surplus property declarations continue te mount. During July, it said, $446,556,000 of government property was declared surplus. Total surplus property inventories at the end of July was $2,517,349,000 of which 68 per cent comprised non-saleable aircraft.

Livestock Trade Is Active, Steady on Heavier Recon

Mediume pounds down

Trading remained steady on the] 5450 hogs and 700 calves received today ‘at the Indianapolis stockyards, the U. 8. department of agriculture said. Good and choice steers and heifers predominated in the run of 2225 cattle, and sales were strong to Lambs Spring) slightly higher, [Sood 3a choice. Sheep totaled 1775, and fat lambs Coa 8 lost 25 to 50 cents.

GOOD TO CHOICE HOGS (3450) 120- 140 pounds ... $14.00 140- 160 pounds ... oe 14.50 160 pounds up .... vee 14.80 Medium 160« 220 pounds Packing Good to Choloe— 270-

400- 500 pounds .... Medium— 250- 560 pounds Slaughter Pigs

= 10 pounds aes CATILE 4 am)

‘ 12.00014.00 Heifer Good and cholce— « [email protected] + ILT5@ 14.00 SHEEP (1775) Ewes (Shorn) Good and choice Common and medium 12.25@ 13.28 [email protected] 9.75@ 11.08

WAGON WHEAT

Indianapolis flour mills and grain ele vators are paying $1.51 per bushel for No. 1 red wheat (other grades om their

merits); new oats, No. 3 white or No. 3 red testing 32 lbs. or better, S4ci corm, No. 3 yellow shelled old crop, $1.14 per bushel, and No. 3 white shelled corn old crop, $1.25,

FOUNDED 1913)

Changes ia - the Making

Changes in the world of business that are now at work may have an important effect on the earning power of companies whose securities you hold. We believe it will pay you to check your present holdings against data and reports available through our Investment Research Department,

Write for owr bookles “Serving the Investor”

THOMSON & 5 KINNON

14.80 14.80

« [email protected]

16.25017.50 [email protected] [email protected]% [email protected]% « 14.78 e. 25 6.50

15.00 15.25 1678

[email protected] Baueux [email protected]

700- 900 pounds . 900-1100 pounds . Good 700- 900 pounds

900-1100 DOUNAS «.ussese 1100-1300 pounds ......

700-1100 pounds ... 1100-1300 pounds Common 700-1100 pounds 11.00013.50 [email protected] « [email protected]

er JAT5015.78 [email protected]

« 12.50014.7 10.50013.80

«os 13, 13.9% 20 2 12.36 10.00 . 6.00 7.25

[email protected]

12.80 "ee 10.00 11.50 . 8.00@10:00

SAE AEN Ea A ...

nt AH]

Droppe Our or The Picrure vias Because br Wasxt Given Proper Cane

V-J DAY HAS PASSED BUT NOT THE NE FOR BUYING VICTORY BOND

g .

INDIANAPOLIS ower

AY dd

wr victory did here; there should be no let down in the

care of your

Electric appliances. The fact that they, have

withstood a lot of hard war-time wear makes it possible for them

to drop out of the picture long before you are able to buy re,

placements. While

manufacture will gét under way soon on all

Electric appliances, it will still take months before they are on

the market in quantity to meet evéryone’ s need. Your Electric dealer will be glad to instruct you in the care of

any appliance from refrigerator to iron. Remember—use your

s Electric appliances

. « » but don’t abuse them. Remember, too,

if any appliance shows any signs of faltering, take it at once to.

your dealer for fixing—Dbefore it gets beyond repair. :

Liclif COMPANY

RTE PEC New York Stock Exchange and othe

t ‘

, TIITITIY Tn ' R 8 Sssssssssasassazssss i INET EINE IINEI