Indianapolis Times, Indianapolis, Marion County, 18 September 1945 — Page 6
PAGE 6
DEMAND OT BE
"RFC Pian to Shut Down Big Inch and Little Big Inch by Oct. 1 Called Aid to Monopoly.
‘By ROGER
Scripps-Howard Staff Writer WASHINGTON, Sept. 18.—Demands congress today that the Reconstruction Finance Corp. hold
up its plans.to close the Big lines. operate by Oct. 1.
The pipelines, which operated at a-profit of $135,000,000 during the ‘war, according to] Tr SRO
Senator O'Mahoney (D. Wyo.), should continue to car-
ry oil “unitl congress has a
chance to explore the situa-
tion.” Senator O'Mahoney added that a senate committee soon will hold
hearings on post-war possibilities for continuing the lines in operation. Meanwhile, he sald, he will talk with W. Stuart Symington, chairman of the surplus property board, concerning the RFC’s plans for early disposol of the lines. Mr, Symington. returned yesterday from
Europe. In the house, Rep. Voorhis (D Cal), demanded that the RFCs
scheme to empty the pipelines, and geal them be halted until it can be learned if it is feasible to operate them as a common -carrier for the
benefit of independent oil companies. Experts say, according to Mr.
Voorhis, that it would cost at least $14,000,000 to refill the lines after emptying them and filling them with water. (An RFC spokesman explained that a preservative would be put into the lines so that the water would not injure them.)
Questions Haste
Mr. Voorhis questioned why the agency is so determined to hasten the closing and disposal of the lines. “It seems to me” he declared, #that this haste in abandoning these pipelines and putting them up for sale is a questionable policy, particularly when we know that this is precisely the kind of action which those interests which most bitterly oppose any kind of true common parrier for would like to see taken.”
Students of the oil industry, ac-|the manufacture of materials for cording to Mr. Voorhis, are agreed the navy. that “the key to the monopolistic’ come up late this fall.
CLOSED YET
The RFC has announced that both lines will cease to
petroleum products grand jury last spring on charges
PIPELINES
W. STUART
were made in
Inch and Little Big Inch pipe-
power of the major companies lies in their control of pipelines. Therefore the one thing they fear most is the existence of true common carrier pipelines.” The ‘California legislator also called attention to the fact that the surplus property act provides that no pipelines or facilities used for transporting oil, which cost the government more than $5,000,000, shall be disposed of “unless and until a report concerning such facilities has been submitted to congress for ex-
these two appliances,
amination.” “And yet,” he continued, “the | RFC has decided that the Little Big | {Inch “and the Big Inch pipelines | {which cost respectively $67 million and $78 million are going to be {drained and sealed, and that bids {upon them will be asked almost immediately.”
INDICTED FAGTORY
THE INDIANAPOLIS TIMES Those Post-War Dreams Are Really Coming True
BRIGHTENERS FOR BLUE MONDAY-—Among the post-war era’s new labor-savers for mom are Electric ironer, left, folds up to occupy only 134 square feet of floor space. and the combination washer right, suitable for either dishes or laundry, were recently demonstrated for the first time by the Electric Household Utilities Corp. in Chicago.
This
Hoosier employers were told
problems brought about by the The Indiana State Chamber
MANAGER IS KILLED
FT. WAYNE, Ind, Sept. 18 (U]] P.) ~Dewitt Clinton Brown, former plant superintendent of] Durham Manufacturing Corp. here, was killed instantly in an auto(mobile crash on U. 8. highway 41, about one mile south of Morocco last night. Brown failed to make a left turn on the highway, ra§ off the road] and crashed into a telephone pole. He suffered a broken neck and died instantly. ¢ The former superintendent of) {the plant was indicted, along with {11 other employees, by a federal
of defrauding the government in
His trial was to have
largely responsible for
Urges Hoosier Employers To List Jobs With USES
today that listing job openings with
the U. 8. employment service was the best way to solve unemployment
end of the war. of Commerce issued a bulletin, en-
dorsed by 11 other state organizations, which explained that the fact that unemployment benefit payments and job placement functions were not unified under state control was existing | tion of job openings
are being regis-
“weaknesses” in the method of get-|tered with USES,” the bulletin said.
46, ting workers and reconversion jobs|
together, “Despite this adverse condition
the bulletin said, “much more could |
As a result, the more persons seek- | ing work at USES, the more there will be getting unemployment compensation benefits, through the lack
”
be accomplished in offering employ~|of job openings.
ment instead of benefits to unemployed workers if more job openings of all kinds were listed with the em-
U.S. STATEMENT
ployment service.”
The chamber pointed out that employers previously classed as non-|rent fiscal year through Sept. 14 compared | essential to the war effort, had bgcome accustomed to hunting workers | Bxbenses without the service of the USES. The | war Spending 16,256,280,262 bulletin added that firms previously | ott RS oth classified as essential were not re-| Cash Balance 16,802,335,127 lying on the USES as their sole source of labor supply, now that they |
were “free and unhampered” their procurement of personnel,
“The net result is that only a frac- | Debits
WASHINGTON, Sept. 18 (U, P.).~Government expenses and receipts for the cut-
| with a year ago:
This Year “Last Year $ 18.818,685,213 § 19,571,176,840 17,015,756,474
1,206,817,033 . 11,611,864,779
Receipts . 6,051,005,610
13,520,171,228
6350 PORKERS AT STOCKYARDS
‘Market Is Active; Prices Are Unchanged.
There were 6350 hogs received at the Indianapolis stockyards today, the U. 8. agriculture department reported.
The market was active; prices remained at the $14.80 ceiling. Re-
calves and 2350 sheep. Fed steers, heifers and fat lambs were strong to’25 cents higher.
GOOD TO CHOICE HOGS (6350)
120- 140 pounds .......ccoes- [email protected] 140- 160 pounds .......einess [email protected] “160 pounds UP ...esienvssnves 14.80 Medium ~
160~ 220 pounds Packing Sows Good to Choice
ceipts also included 2125 cattle, 850
7
A&P HAD 7% OF FOOD SALES
’43 Business Used to Deny Monopoly Charge.
DANVILLE, Ill, Sept. 18 (U. P.). Witnesses for the Atlantic & Pacific Tea Co. testify today in an attempt to refute government claims that the chain store organization conspired to control the nation's grocery business. John J. Reilly, head of the A, & P.'s statistical department, appeared yesterday before Federal Judge Walter C. Lindley as the first witness for the defendant grocery chain, its subsidiaries and officers. Reilly introduced a chart, prepared from a department of commerce survey, sales in the U. 8. in 1943 at $17,450,000,000. He tried to answer government charges of monopoly by showing that A. & P.'s share of the total business that year amounted to approximately seven per cent, compared to 11.6 per cent in 1933. Proportion Declines The A. &. P. executive cited other figures from the chart showing that the share of the total retail food business enjoyed by independents had increased from 61.7 per cent in 1933 to 70.4 in 1944. In answer to a department of justice charge that the alleged conspiracy was carried out through the operation 'of certain stores at a loss to injure competitors, A. G. Hoadley, Chicago, testified that new stores were opened only after it had been decided that a community could support them. Hoadley, president of the A. & P.'s midwestern division, told the court that. if it were ascertained that a store could not be put on a paying basis, it was closed. Hoadley denied ever deliberately operating a store at a loss in his 20 years with the grocery concern. Defense Attorney W. M. Acton asked Hoadley if he ever had been asked to fix a price in any locality to injure competition, “Definitely, no,” he replied.
Say Roosevelt
Stock Increased
WASHINGTON, Sept. 18 (U. PJ). —Some house ways and means committee members believe that
[email protected]| John Hartford, Atlantic and Pacific T
ea Co. president, would have been wise to retain the Texas radio stock
placing total food
: TU | , . . More Immigration
‘Urged for Canada |
OTTAWA, Sept. 18 (U. P).— Increased immigration was suggested today to man Canada's . war-born industries as the house of commons was told there were two jobs for every applicant. L. A. Mutch, Winnipeg liberal, said the Canadians had much to gain from such a program and no need to fear a lower standard of living. Munitions Minister C. D. Howe, in his first speech since being elected to parliament, said that advance knowledge of the atomic bomb and confidence that it - would end the war enabled him to have much of Canada's industry reconverted to peacetime production when the war ended.
ONLY 2900 LOSE JOBS IN STATE
‘Worst Layoffs Over, USES Survey Shows.
The heaviest portion of the reconversion layoff is over in Indiana, the U. S. employment service reported today. Less than 2900 workers in the state’s seven major industrial areas were laid off last week, the USES reported. In the week ending Aug. 24 there were 38,000 laid off in four areas only. The following week the seven areas had a total lay-off of 7600 and the week ending Sept. 7 it had tapered down to 6200. There were no layoffs of size in Indianapolis last week, the USES reported. An estimated 900 were hired, leaving 8217 jobs, registered with USES, open. For the seven areas, there were 22,700 jobs open at the end of last week, although 4800 hires were recorded in that period.
ESDAY, SEPT. 18, 1945
STUDEBAKER'S PLANT CLEARED
Army Material Out in Less Than a Month.
SOUTH BEND, Ind., Sept. 18 (U. P.) —H. 8. Vance, chairman of the Studebaker Corp. board, today announced that all military stocks have been appraised and removed from the productive department of the firm's automotive plant. Vance said he believes Studebaker to be the first large war contractor to reach an advanced stage in negotiations for contract settlement, less than 30 days after war production ceased. Vance said the plant was able to reconvert quickly because of a contratt pretermination plan, orignated by his assistant, Courtney Johnson. The military stocks were separated into three classifications: -1, Items to be scrapped. 2. Items to be retained by Studebaker at a predetermined price, 3. Items to be shipped to government warehouses. 7 The result, Vance said, is that all productive departments have been cleared ‘and some 50 carloads of freight and 45 truck loads of material already have left the plant.
BRIDGEPORT BRASS PLANS EXPANSION
BRIDGEPORT, Conn. Sept. 18 (U. P.).~The Bridgeport Brass Co. plans a $5,000000 to $6,000,000 expansion program for the purpose of speeding up reconversion to peacetime production, it was announced today.
Herman W. Steinkraus, president, said the program will include new
NEW FIRMS AND - PARTNERSHIPS
Beal Emert Associates, 216 Transportation bldg. Industrial engineering. Kenneth Earl Beal, Gene C, Emert, (791 E Washington ’st. Engineering Products, 235 N. Rural st. Sale and distribution of electrical produets. R. O. Whitesell, 236 N. Rural st. United Art Studio, 4425 E. New York st. Photography. Robert E. Goss, 2167 Ransdell st. 5 Eagle Fire Set Co.. 1221 N. Bancroft, Thomas E. Woerner,
Building fire sets.
15,507,906,448 | 270-400 pounds .... «....... 14.05 : ingley | Public Debt 263.146.580.789 211.236.403.023 | Goode he surrendered in settling a loan{;221 N, Bancroft; Roland K. Swingley, | Gold Reserve 26,005,986,657 20,884,837,256 | 400- 500 DOUNAS ....cesvssers 14.05 made to Elliott Roosevelt. 4917 E. 13th. Medium Th understood that th tock Fan Ren Used Furnijure Co., 5 E. lth 5 ni i sed niture. Frances L. in| INDIANAPOLIS CLEARING HOUSE | 250- 550, pounds . ...... oe TBQUOD| ov gr : n : . ri DE Ta are, IF | Clearings v $ 6,602,000 | Slaoghter Pigs cre in value since Frank's Purniture Co. 146 F. Washinga 15.385 009 | Medium to Good— when Hartford accepted $4000 for|ton st. and 1502 Man Wn. Speedway City. ARIAT Serna niga nA ran uy 90- 120 pounds ........ . [email protected] George E. Frank, ‘E. th; Sophie asp se vediung : : P @ writing off a $200,000 loan he made | 5ivil sia N. Meridian st; Rachel CATTLE (2125) to Elliott in 1939. Dayan, 15 Colonial rd. White Plains,
————
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it
OPEN NIGHTS UNTIL 9
oh,
3 5
Prices are Plus 20% Fed. Tax
Mediu: ~ 700-1100 pounds 1100-1300 pounds
800-1000 povnds Medium—
507-900 pounds | Cows (all weights)
ML Gy Lavy Cara ss Ree LAE on Te ore a, 950@r12s|0f them said that in response to a Cutt nd co an 6.75@ 9.50 ; Gutter and. common... he 350 direct . question Elliott had said Bulls (all weights) Y 2
Lambs (Spring)
Good and choice .... . 12.50@13. Medium and good .... . 11.00@13. Oommen: .......icoiiinriiavses 9.50@10.
Chole os te 98g By the accounts of various T00- pounds ......ee0000 3 ; 900-1100 pounds a jo asgnt members, Hartford accepted 2000 1100-1300 pounds .. .... [email protected] | shares or more of stock in Elliott's 1300. 1500 i fi sev 1650@11. | mayas radio chain venture as se-|N 300. 900 pounds nay Ehene Jinan curity. He returned the stock, it - h UDAS vas eprnsnnr 100-1900 nay [email protected] | Was sald, when the loan was set-1300-1500 nOUNAS ..v.veevves.. [email protected] | tled through the mediation of then
. 12.15018.00 | Secretary of Commerce Jesse Jones. [email protected]
Committee members said
cn AR [email protected] | 1ate President Roosevelt had sent Chote. . Teifers is 208 the . stock to Mrs, Ruth Goggins )- Canard aia B0@17. ) BN I000 De ena 1535017 3¢| Roosevelt, Elliott's former wife Good— < according to a letter submitted to 80G~ B00 pounds .....eeeveans [email protected]
the committee yesterday.
O00: 900 pounds ..cuies..ne. 1200@U301 4014 treasury investigators that 400 Frvseine ara 10.00@12,00 shares of the stock had been used
the
Two members said Elliott had
to settle a $40,000 note in 1944. One
N. Y.: Martin Dayan, 2119 Lanaerdale ra, Louisville, Ky.; Jesse Dayan, 2119 Lauderdale dr., Louisville, Ky., -Mozelle Dayan, 1653 Ocean pkwy., Brooklyn, N. Y.; Abraham Kassab, 1653 Ocean Pkwy., Brooklyn,
Ya Hoosler Hobby Service, 130 Monument Circle, Model builders and hobby supplies. George J. Clingmann, 332 N. 23d st, Lafayette, Ind. . No-Way Mattress Co., 817-19 Pt. Wayne ave, Manufacturers of mattresses, etc. Edward E. Elliott, 1337 Udell st. facturer’'s agent, -automotive. J. C. Jr, 6225 Washington Blvd.;
per Richard C.
Sunbeam Cleaners, 1710 E. Minnesota st. '| Dry cleaning, Mabel Clements, 1409 Brookside ave,
the stock was then worth $100 a share. other testimony bearing on the recent value of the stock but they believed it had increased in value since 1942.
"company’s tire stem departments.
Church Roper, Indianapolis, Ind. Manu- |
Roper and Richard G. Maggs, Indianapolis. |.
They said ‘there was no
buildings, new equipment, and the modernization of many depart ments. .Among the plans, he added, will be the tripling of the capacity ‘of the tire stem and plumbing de!partments and the erection of a
Inew building here to house the
BUILD ASPIRIN PLANT
TRENTON, N. J. Sept. 18 (U. P.).—Sterling Drug, Inc. today announced that construction of a new $1,600,000 aspirin manufacturing plant will be started here within two weeks, with the completed structure ready for operation in 10 months.
LOCAL PRODUCE
(Prices for plant delivery) Heavy breed hens, 22c. Leghorn hens, 20c. Broilers, fryers and roosters | 1b., white and barred rocks, 26c Leghorns springs, 24c, All No. 2 poultry, 4c less. Old roosters, 17c Eggs—Current receipts; 35c; grade A large, 43c; grade edium, 35c; under grade, 25¢; pullets, 18c. Butter—No. 1, 50c. Butterfat—No. 1, 40c; No. 2, 36c.
WAGON WHEAT
under §
Indianapolis flour mills and vators are paying $1.58 per No. 1 red wheat (other grades on their merits); new oats, No. 2 white or No. 3 red testing 30 ibs. or better, 57¢c; corn, {No. 3 yellow shelled old crop. $1.14 per ! bushel, and No. 3 white shelled corn old crop, $1.25.
grain eleb for
“TOCAL ISSUES
. Pt Waynd & Jackson RR pid.. 83 Hook Drug Co com Home IT Ft Wayne 7% pfd Ind Asso I'el 5% pid... ... *Ind & Mich E 42% pid. Indpls P & L pd. ......un0, Indpls P & L ecom.....conius 26 Indpls Water pfd...coivvevns.
1 oo 8 +103
P R Mallory ptd Mallory com ..
Pub Serv of Ind com... Gear & Tool col
a & com United Tel Co 5% Union Tie com...
any
"8a eas JOT
aie .. |
Nominal quotations furnished by indi
anapolis securities dealers: STOCKS Bid Asked Agents Pin Corp com. ........ TH Jie Agents Fin Corp pfid.... . 19 20 L 8 Ayres 4%% pid.. 106 ve Ayrshire Col com . 18% BD Belt R Stk Yds com,. 31% 0B Belt R Stk Yds pid. .......0. 8%... Bobbs-Merrill 432% pfd...... 68 Bobbs-Merrill com ...... 8% 10 Central Soya com ...... «0 41 Circle Theater com .... . 80 ve *Comwlith Loan 5% pid. +. 108 . Cons Fin Corp ptd...... «0 "1 *Delta Electric com..... «14% 18 Electronic Lab com 47
*Indpls Water Class A com... 10% 20 *Indpls Railways com. ........ 17%. Jeff Nat Life com....voenivns 15 Kingan & Co pfd.....ovcvues 70 Kingan & Co com ........ ve 4% 5 *Lincoln Loan Co 8% pid... 86'% Lincoln Nat Life om .. 864
AMERICA
PENNSYLVANIA AND MARKET STREETS
2”
(all weights) .......v.. ‘ 7 Benge. Tog. 12.00 912.50 ll FOand viii iiivinernanss [email protected] . Mediim .........co.0ie0ee... 9.75@11,00 Fr Cutter and common ......... 8.000 9.75 . CALVES (850) : Vealers (all weights) Good and choice ............ [email protected] Common and medium ........ 9.50 14.50 i Cull : PEAR 8.00@ 9.50 Feeder and Stocker Cattle and Calves £ Choice Steers : 600- 800 pounds .......ii.ee [email protected] 800-1050 pounds ....sseeacec. [email protected] Good ~ - 800- B00 pounds .i.eveeesens 12.009 13.50 800-1080 pounds ,..eeveeeses 12.00913.50 & . Medium— 800-1050 pounds s...eeswees. [email protected] . Common 500-1000 pounds ......eees0 [email protected] CALVES (Steers) Good and choice 500- 800 pounds ..........e0 [email protected] Medium-— 500 pounds down ............ [email protected] Heifers Good and choice 500 pounds down ............ [email protected] 3 Medium ' 300 pounds down ............ 11:75@ 14.00 SHEEP (2350) Ewes (Shorn) Good and choice .......... 5.00@ 6.00 Common and mediam ....... 3.50@ 5.00
* The man who owns a small business and expects to require funds for conversion to peacetime activities is very much a part of our planning today. In common with many other barks, we are shaping bank credit to the needs of smaller seasoned businesses, managed by individuals of integrity and ability.
at Indianapolis.
i
Z Zz
This is a good time to discuss your own borrowing requirements. Let us know what you have in view—what amounts you expect to borrow and how you anticipate repaying them. Perhaps wé can assist you with some of the planning as well as with credit. Indianapolis needs and will always need its smaller businesses. Many of them should find it easier to swing over into peacetime production than if they were large and complex. We wish to cooperate in the undertaking.
N NATIONAL BANK
-”
1 1
SUTRA SNE (i
i 3
3 ee
TUESD.
Rites
Of J Services fi Smith, the
, Smith, forme . Appellate co
a, m. tomorr chanan mort be tomorrow Lake cemeter Mrs. Smith night in her sylvania st. Judge Smi had been 3? politics and } La Porte cou native of Elk La Porte mo formerly pre Women's Der A member of ist church, t club, Boston | Indiana Trav Order of Eas Survivors a Bmith, forme in La Porte | Harley A. Mc
JOSEPH KE Services 1 Lowell ave, City hospital p. m. tomorr Irving Hill ch Burial will 't
Memorial P cemetery. Mr. Keys,
was 73, was | tired fireman was a memb: the Logan sonic lodge, the Indiana lice and Fir association. He is sur by a brother dianapolis,
COURTLANI
Rites and | Greencastle former Indis died yesterds Mr. Hougt representativ dak Co. He © studio in Ind in Greencast of England, lis about 40 Greencastle | Surviving Chittenden, his home, an Hough Depu
MISS HAND Services Ww eago for Mis: died yesterda pital while E. R. Baldw! A resident son was 64 3 Survivors C. PF. Johnsc bert Johnsor
MRS, M. M. Services ft Barkhimer, ! wife of Jam be at 2 p. | mortuaries will be in M Mrs. Bark! yesterday in &he was bo
+ AKRON--Chn ALBANY —8il Vivors: Wife, | Kenneth Nibar Mrs. Archie Mi arion. BLUFFTON CHALMERS Survivors: Par .. Miller; siste ford Boyd, Do CLINTON--G Yivors: Wife, Nellie Pierson, Millard; broths Mrs. Rose Cra Joseph Chris DELPHI—Mr Yivors: ugh! sister, Mrs. A Ray and King DUNKIRK] vivors: Wife, Sisters, Mrs. Saffer, Mrs. St ELWOOD—R. Wife, Anne; Hiatt; brother sisters, Mrs. H son, Miss Ann Y ENGLEFIELE »n sur
brothers, Haseman. HARTFORD Campbell, 43. Mr. and Mrs, Mrs. William Mrs. Walter V brother, Alvin
HUNTINGTO vivors: Wife, Ray, Mrs, Ger rison, Mrs, Bimer. KOKOMO-V Mrs. Alice 1 ! Mrs. Josep! Husband, Aust © William E. Sister, Mrs, M LA PORTE Yivors: Wife, | LINTON—~W] Yivors: Wife, rdon C. Mil t L.
|| MONTPELIE Graves, 40.
Marjorie Moor " MONTICELL ct