Indianapolis Times, Indianapolis, Marion County, 3 October 1945 — Page 7
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WEDNESDAY, OCT. 3, BUSINESS—
THE INDIANAPOLIS TIMES
1045
SYNTHETIC TIRES EQUAL TO RUBBER
Rubber Official Says the Two Differ Under Various ConBn But That One. Is ‘Good As Other.
By §. BURTON HEATH NEA Staff Writer
AKRON, Oct. 8.—The rubber industry will not reach capacity production on passenger car tires until mid-1946.
You cannot hope to walk into
a store and be certain of find-
ing the exact size, brand and quality of casing you want,
until the end of 1946. That is the estimate of D. research for the B. F. Goodrich Co. He feels that it will take about two- years to satisty the’ backlog of demand for tires to replace the ones you have been humoring during the war. But he does not think that demand will land on the industry all at once. He believes it will be spaced out. : . =» = WHEN you do get tires for your passenger car or small truck, they will be made from a petroleumbase or alcohol-base plastic. You will think of it as synthetic rubber. They will be somewhat different than the tires you were using when the war began. In some respecis the 1945-46 tire will be better than the 1941 version. In other respects it will not be so good. After the differences had been described in some detail by Dr. Waldo P. Semon, Goodrich’s director of pioneering research, I asked him: “lf you were my close personal friend, and if there were in front of me a natural rubber tire and one made from synthetic rubber, both of a size to fit my car and:at the same price, would you advise me to take the natural rubler casing?” » » »
“NO.” he said. “I would tell you that though they differed in many respects, one was exactly as good as the other.” As of today, if one were able to try out two side by side, he would find these differences: GRS tires resist shrasipn—ordinary road wear and’. fear-better, than natural rubber ti
tendency to ‘cre of the igead; equalities ne the 16
water to | weaken der, This: hy bas been 5
aa a wo THE SYNTHETIC tread is harder than the natural. Theoretically it may ride a bit harder, though you! probably never could tell, But | this hardness does have other effects. Because of it the GRS tire grips the road better on wet pavement or light mud, but has less traction on ice or packed snow. The extra hardness presumably makes the synthetic tire slightly more resistant te puncture, but the difference is not established
i AA Moire
by heat.
cess that they generate exceeds that which they. can endure, This unfavorable factor is being partially compensated for by use of special S18 Jaterialy hat are Tnfated Jgew
» ” . Y AT LOW speeds and s¢ normal temperatures, natural rubber treads last longer than GRS, At high speeds and in high: temperatures the synthetic tread gives more mileage. Tests made by - ‘Goodrich in Texas suggest that the two. would wear about equally well at. 50 miles an hour, while GRS ly better at 60 miles an hour, Fd Si Synthetic will’ ‘not stand a# much much abuse as natural; 3 you let your synthetic got ‘soft or run one flat, the {are liable to separate and a tire to be ruined. Two types of synthetic have been used for inner tubes, Dr. Semon says. The public has been geting GRS, which is not so-good as the old natural rubber, But soon you can buy inner tubes made from butyl synthetic, which heretofore have been confined to military use. These, he says, are much better than natural rubber tubes, holding air so well that one may have to blow them up no more than three or four times a year.
# = =» MR. CARSON is less optimistic
than’ the war production board Jo, Shaler as to how quickly the industry can Deis “Hactrc fom
get going, quite apart from any holdups due to labor troubles. He
E. Carson, director of business
HIKE IN PAYROLL TAXES OPPOSED
C. of C. Says State Can Save $60 Million.
Indiana can save $60,000,000 annually in federal taxes if the automatic increase in old age’ insurance payroll taxes is halted, the Indiana State Chamber of Commerce reported today. Urging quick congressional action to stop the increase, the Chamber pointed out that the peyroll tax rates will rise 150 per cent on Jan. 1 to 2% per cent pald by the employer and 2% per cent by the employee.
Gives Reasons
“The unneeded: $60,000,000," it was brought out by Clarence A, Jackson, executive viée president of the State Chamber, “is 50 per cent greater than the entire state gross income tax collections in ‘Indiana at. the highest level. The savings of $30,000,000. to Indiana employees alone through stopping this increase would Be ‘greater than total gross income tax collections in 1941 ‘In support of its recommendation to hold payroll: taxes "at present rates, the State Chamber gave the follwing reasons: 1. Present rates are prodiicing, all the revenue needed currently and for many years to: come | fingnce the old-age and survivors. insurance program. The balance fund on June 30, 1045, a and the fund has been growing at the rate -of over a billion dollars every year. The balance if 25 times the present rate of expenditure, ‘Cut Buying Power’ = 2. The rise would reduce purchasing power and increase casts of products when the reconversion period calls for the greatest possible
{volume of buying to provide hight AE
but it probably will be late next y
And I: 5 for Civilians
Tires for civilians are rolling off the production lines once more,
kind of casing you want when you want it.
RFC ANNOUNCES | LOAN PROGRAM
‘Municipal Construction to Be Spurred. |
WASHINGTON, Oct. 3 (U, P.)— Municipal construction projects--. bridges, . sewers, airports, etc.—will| be stimulated under a new loan) program announced by the Recon=| struction Fifiance Corp, { The agency will make loans im- | mediately to authorize public agen- | cies and will consider financing’ up to 100 per cent of the cost of | a project, RFC will co-operate | with banks and other private lend- | ers,
i ‘List Projects |
Eligible borrowers may include cities, towns, villages, counties, states, school or park districts, public boards and commissions and other public groups. Projects that may be financed include: 1. Construction or improvement ~-municipal water supply and dis~ | tribution systems, sanitary sewer | disposal plants, municipal airports, bridges, tunnels, highways, municipal hospitals, public buildings, school and college buildings, dormitories, public stadiums, docks and] dock and harbor facilities. «2, Modernization-—municipal street |
ear before you can get exactly the
CORN HERE NEEDS 2 FROST-FREE WEEKS
Times Special
LAFAYETTE, Ind. Oct. 3.—Another two frost-free weeks will “make” much of ahe Indiana feed corn crop, Purdue university agronomists reported today. A good deal of the corn is already far enough along to make satisfactory feed, the agronomists said. They added, however, that even if killing frosts hold off, many late planted fields will make only ensilage or feeding fodder. The group cautioned farmers that; because of late development of corn this year, cribbing should be delayed and special provisions be taken for ventilating cribs where corn high in moisture is stored,
ALASKA AIRLINES NAMES NEW: HEAD!
ANCHORAGE, Alaskg, Oct, 3. (I, P.) —Marshall C. Hoppin, regional administrator of the Alaska division of the civil aeronautics ad-i ministration here, has resigned to become president of Alaskai Air-: lines, to succeed Theodore N, Law, retired, it was announced today, : Alaska Airlines operates:21 passenger planes throughout the itgr+ ritory, from main terminals THY Juneau, Anchorage, Fairbanks ‘and omer ‘ y:
RAILS PAID BIG TAX WASHINGTON, Oct, 2 (U. P).— Federal taxes paid’ by the nation's privately operated " railronds’ averaged $4,000,000 a day during world ‘war II, the Association of American Railroad reported today,
AWRITER!
Contiell, Nana Associa - Underwriters, president,
1 wil) be the main speaker: at life un-
derwriters’ theetings this. week. “Mr. Connell, who is general agent |
gusanee Ob, Will address the Indiana tion of Life. UndernA and the officers and directors
{of its 18 member associations during
ite series of’ meetings Friday and Saturday. at. the Lincoln hotel. “The Fryits' of Life Irisurance” ill ‘be « Connels subject when he spedks at the luncheon given in his honor by the Indianapolis Assocition of Life Underwriters Friday In the Lincoln hotel.
The 6278 hogs received today at the Indianapolis stockyards sold actively at the ceiling, the U, 8. department of agriculture sald, The 1400 cattle moved quickly at prices that were steady to strong. ‘Vealers amounted to 600 and sold steady to 50 cents less.
and slaughter ewes sold about steady.
LOCAL ISSUES
Nominal quotations furnished by Indianapolis securities dealers: S100 Bid Asked ts Pin Corp com ...... IA Jie Agente Fin oe . vol 2» 8 Ayres 4 .
if
..108 es Ayrshire Ool com ve dl 19 Belt R Stk Yas ¢ com «3 3» Belt R Stk Yds pid ......... 53h ‘ Bobbs-Merrill 4%% pid ..... 68 . I eom ... ve. 8)
“ia
iela a Mia
thinks that output this quarter |Home
will be three million tires under the WPB's 13,000,000 estimate. But he expects production to surpass WPB estimates in the: second quarter of 1948 and, thereafter, to settle at 20 million tires a quarter as compared with the WPB's estimate of only 17,500,000. The delay, he says, will be due te the necessity of training men, both to use passenger tire mae chines that were idle during the war and also to fill the gap created
by return of the six-hour day, :
RAIL HEAD NAMED
FOR DIVISION HERE [ore
. WAYNE, Oct. 3 (U., P)~
Ind A Tal wd ia 3
d? Br a 2 F
Laundry ‘som 18 Progress avec dl
rr CALE “eae “enn
ain
sane
ene
, | 1300-1500 pounds oe
Livestock Trading Remains Active and Steady at Yards
GOOD TO ONCE A (9275) 120 140 POUNAS vivvrveervs wild 14.80
140+ 160 pounds ...... 4.509 14.80 100° POURGS “MP soesssravennss lose Medium : 160- 330 pounds .....uivans « 13.356QU.%
270- 400 pounds ..iieeeencsss 1408
Sheep totaled 1200, and fat lambs | Good
400- 500 POUDAR .oveienvivnss 1408
M 350- 580 pounds . casees WTH@A00 Slanghier ‘Pigs Medium to S008 90+ 120 pounds .........000s [email protected] CATTLE (1400) Choice 700- 900 [email protected]
pounds 900-1100 pounds . 1100-1300 pounds .
[email protected] + [email protected] « [email protected] 00d 700+ 900 POUNAS .....ssereeee 147501625 900-1100 pounds .... «« 15,[email protected] 1100-1300 pounds ... «+ [email protected] 1300-1800 pounds . + 15.50018.75
12,75018.25 [email protected]
0 ON 700-1100 pounds .. ......ee « 110001300 >
ahs ye 18. 75@17
800-1000 pou Feivessareand WM [email protected] 1 TU ox. uu 900 ) pounds , aeons nnss ores 12.30@W TSS 500- 900 § pounds PITTI PUR W011,
Cows ‘(sll welehin)
—ce ii wel weights orf PS [email protected] |
ty 11300 Medium ............ 9.78 Cutter and. common . 8.00 "a
CALVES (oo)
Voalers (all welghin) Good and chofece ............ 18.006 18 Common and medium......... 10.006315.50 OMIL acnaniiincrasvasinrnrnns [email protected]
Feeder and Stocker Osttle and Calves
"| chotoe— Steers
600- 800 poun asin Ren 800-1060 poaBaM .. 2s veseasnneess [email protected]
800 POUNAS v.vuinrrnies 12 3a 800-1050 POURAS ..vvsveonnsee 13,
Saisie POUDAS .uvsvinsreyss [email protected] Common 500-1000 pounds .....cvviieee 5.75010.26 CALVES (Steers)
Good choles oe. SA hice savussraieess 34.80016.00 800 pounds dow_.. areas seeses 12,00014.50
» Goda and. ohOREE ns
500 pounds down............ 14.00016.50 Mathie 800 pounds down.......... + 11.78@ 14.00 SHEEP (1300)
: Ewes
(Khorn) edt ie iH Fr hve
An
{pay interest rates only on the por-| 'WPB OPA UNITE F FOR {tion of the loan outstanding.
| oft bw - cost, Clothing.
T0 SPEIK.
of ‘the Provident Mutual Life In- |
i ON FARMS Flurry objected when the Harvard professor commented that chains |
car and bus transportation systems, gas and electric systems,
Foresees Few Sia. . . aves Interes Electric Gifts In most cases, RFC said, loans
will be of the type repayable out of NEW YORK, Oct. 3 (U. P)— |the project's earnings, such as Persons who wish to give electrical bridge tolls and water service appliances as Christmas presents |charges. This type loan is usually! this year have only a fair chance |pnade through the purchase of muof doing so, the magazine The nicipal revenue bonds or bonds payIron Age sald today. lable from general taxes or from The trade journal explained [special receipts like gasoline taxes. that although most manufactur- | RPC said that under its plan of ers got started on production of |gishursing loan funds from time to appliances when the war ended, |time a city can save interest “special problems, coupled with |charges. Instead of purchasing a heavy demand, indicate that dis- city's entire bond issue at once, tribution by mid-December will {RFC will contract to purchase bonds still fall far short of retailers’ de- |oyer a period of months or years, sires.” ¢ perhaps throughout the period of a | project. The city would thereby
Aided War Effort The RFC made such loans ag-|
LOW-COST CLOTHING = mo mace wn vies ve
WASHINGTON Oct. 3 (U. P).— dollars prior to the war and some J. o. Bmat’ chief ‘of staff of the municipal projects were assisted in wag ¢ proghietion board, said today the war effort. The new post-war the thet WEB, and the office of | program is expected to aid recon-
| version by providing employment, be ; © administration are “united” | nq to aid the nation's real wealth
hele effort to force manufac by adding needed improvements, far § tofmalkfe 4 reasonable amount| The self-liquidating division of] |RFC here will process loan applica- | + WPB has” just "put a new priori- tions. The recent lifting of build- | ties regulation into effect which ing restrictions is expected to speed | gives manufacturers preference requests by public agencies for the ratings, to buy cloth for low-cost funds, elothing.
' The OPA has in effect a att mum average price plan which is HARVARD TEACHER designed to - bring clothing prices | pn to the 1943 levels. The agency | TESTIFIES FOR A&P
nounced today that Hause. tflirers must ticket 90 low-cost fon, rayon and woolen a DANVILLE, IL, Oct, 3 (U. Po. items with dollar-and-cents ceiling —The government's anti-trust trial prices beginning Oct, 22, lagainst the Atlantic & Pacific Tea
OPA pricing officials met with (Co. resumed today after a Harvard
Small today to discuss this clothling program. Small told reporters | | university professor testified that
after the meeting that the agencies in his opinion it was “pretty ridicuwould know by the middle of this lous” to think any one company month whether or not the new could gain a monopoly in the food WPB prefererice ratings are ef- field. fective. Malcolm P. McNair, professor of “What we. are shooting for is a marketing at Harvard, appeared as good supply of $2.50 dresses, 50-|a defense witness, He told the cent shorts and 19-cent training |court he believed no company could pants for babies,” Small declared. [exist as a monopoly because it was He said it was high time that impossible to gain a monopoly of clothing prices stopped spiralihg | the supply or a public franchise. upward. The OPA says such prices | “The only way to gain a monopare now 16 per cent higher than |oly would be to drive everyone else | they were when price control went!out of the business,” McNair said. | into effect. They are 45 per cent| He said that anyone who became | Pigher th than they were in 1939. | complacent about his prices was! a {likely to find some one else enter- |
ing the food field—"which is an] SLOWS WORK easy thing to do.” !
Government, Attorney Horace
Rain every day last week slowed had Yeconve complacent: shout ¥hety | [Hoosier farm activity, the Indiana prices sud some “SEE, SHRUPSHAS| vr 2 ent” had the supermarket idea and weather bureau's weekly crop report moved in. Flurry said the governsaid today, Some flooding was re- ment had not charged there was borted at Lafayette and Edwards-|® monoply but rather a conspiracy port.’ to restrain trade sand gain a moCorn is in fair to good condition, | 2OPOLY: but dry weather is ea to mature The testimony was allowed to it. Some silo filling and tomato | Stand: picking was reported, but it was too wet for plowing and some tomatoes are rotting from wetness, Soybeans are in fair to good condition and some are ripe. Tobacco and gardens are fair to good, and meadows and pasting He MOSLLY | Pf oniane springs 230 ae, 2 good. All No. 3 poultry, 40 less. The i of gop ey poor to {ia Toautars, Nie.
TWIG. W. PUNTS HSE INDIANA
grade, 2c; ns. 18¢. 1. 50s NOG: 'WASHINGTON® Oct. 3 (U, P.) —
Butter—No, 40e; No, 2, Two Trichintve war plants are among A7+pidtits listed for sale or lease toflay ‘by the Reconstruction Finance | Corp. The Indiana plants are the Gen- | {eral Motors Corp. units at Bedford {and Anderson. 4 Of the other 15 plants listed, five are in Ohio, four in New York, two
LOCAL PRODUCE
(Prices for plant delivery) Heavy breed hens, 23ec. Leghorn hens, 20c. Broflers, fryers and roosters under §
Butterfat—Ne. 1, |
=a
Railroads
in Pennsylvania and one each in
An analysis of the railroad out- | look just prepared by our Investment Research Department reveals some important factors generally overlooked in evaluating rdilroad equities. Write or phone us for a copy of this analysis today,
THOMSON & M¢KINNON
" $ECURITIES » COMMODITIES
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Members New York Stock Exchange ond other 4 3tineiput exchanges
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INDIANAPOLIS © CLEARING ¥ HOU SE
ClOAFIBEE oosensssoeiiisiiiiines $ 5,015,000 BORA oussnns cov os siiiiiinnsnn 15,806,000
i710
pail
Untrimmed Casuals
* GHESTERFIELDS * REEFER COATS * WRAP COATS - * BOY GOATS * SHORTIE COATS
BLACK i
FOR JUNIORS, MISSY, WOMEN
This low price group represents the ultimate value for their good tailoring, their neat styling and their flattering detail belie their pricing. See them before you buy . . . comparison will prove “LEADER'S HAS THE VALUES.”
OTHER UNTRIMMED COATS
$15.95; 520,96; 29.95
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