Indianapolis Times, Indianapolis, Marion County, 19 October 1945 — Page 30
the manpower it takes to do can get more when needed. But, their officials explained to a group of 17 correspondents making a reconversion tour of the nation’s industry, the efforts of these companies to expand output has been hamstrung by strikes in the plants of component sup-
pliers. Despite this gloomy undertone, however, the automobile-makers gre confident of the future and going ahead with expansion plans which will enable them to produce "more cars than ever before in their history. y ‘ . o » THE FORD company announced that its new 1946 models will go on public ‘display for the first time on Oct. 26. Officials sald their new price schedules filed with the office of price administration proposed increases of 10 to 15 per cent over the 1942 ranges. The OPA, in turn, has asked for modifications. Packard is withholding information on its 1046 line until Saturday night, Its new price schedule is being submitted to OPA tomorrow and increases over 1042 are indicated. ! This correspondent, who is one of . the group making the round-the-nation tour arranged by the National Association of Manufacturers, saw the new cars coming off the assembly lines in Ford's River " Rouge plant and in the Packard plant here. The 1046 models outwardly look a lot like their 1942 _ glisters but officials of both com-~ say a lot of refinements have put into them, For instance, the new Ford will have a 100 horsepower engine of the kind that went into the Mercury line, except that many hew improvements have been made. R. H. McCaroll, the company’ executive engineer, said that”ill told there are 25 major improvements and at least * 100 minor ones in the 1946 models. y # » MANY NEW mechanical and some design changes have been made in the new Packards, Ford is now producing 400 cars daily and about the same number of trucks. The company expects to build 75,000 cars and 50,000 trucks and commercial units by Christmas. Employment in all Ford operations is now 104,233, of which 83,617 are in the Detroit area. Packard had a tough reconversion Job to lick because virtually all of its facilities were converted to war work. George T™ Christopher, president, said the government had done 8 “damm good job” in clearing its war production machinery out of his company's plants. Christopher said that the transition to automobile manufacture was now pretty well accomplished ekeept for the one big |
obstacle—parts shortage. Strikes at.
greater strides.
FRESH PROBLEMS
Ford and Chrysler Solve Reconversion Headaches, but Are Now Hampered by Strikes in Suppliers’ Plants.
By SANDOR 8S. KLEIN United Press Staff Correspondent
DETROIT, Oct. 19.—Two of the country’s major automobile producers have licked the problems of reconversion _ but they still face tough obstacles to full production. j These firms—the Ford Motor Co., and the Packard Motor Car Co.—are actually turning out cars.
They've got the job and they're sure they
RFG MAY TAKE
Sales Job Reported Ready For Switch.
WASHINGTON, Oct. 19 (U.P) — President Truman was reported ready today to transfer the huge job of selling surplus consumer goods from the commerce department to the Reconstruction Finance Corp. The move will be welcomed by the. commerce department, which didn't want the job in the first place. The RFC is ready to take over but doesn’t particularly want to. The transfer will be made, it was understood, as part of ‘some realign ments in the surplus property setup recommended by Administrator WwW. Stuart Symington. Symington and his staff administer the general disposal program, but the actual selling is in the hands of various agencies, The shift will give the RFC the gigantic task of getting rid of prac~ tically all of the wartime surpluses that people are interested in buying ~—and that cause the greatest disposal headaches, RFC already handles disposals of surplus airplanes and war plants, but these go mostly in large chunks and cause comparatively few diffi. culties, : Irksome Chore
RFC’s reluctance to take on the new job underscores the long-ap-parent fact that surplus property disposal is a baby that nobody in Washington is anxious to have left|% on his doorstep. The transfer doubtless will be interpreted in some quarters as the result of criticism that the commerce department has been handling the job in an indifferent 1 manner. It was given to the commerce department last April 17 after a long campaign to get rid of it by the then Secretary of Treasury Henry Morgenthau Jr. Morgenthau, who didn't want the treasury cluttered up with left-over war goods, finally persuaded the surplus property board to amend its regulations to effect the transfer.
merce Henry Wallace, it was understood. Commerce department spokesmen say it has interfered too much with the. department's regular functions.
G. E. INCOME UP
the plants of three firms producing | nine months of this year increased | major components, he added, has|14 per cent over the Rutrseponding prevented the company from making | 1044 period, - while sales dipped 8.
SCHENECTADY, N. Y,, Oct. 19.— {The Genera] Electric Co. today reported that net income for the first
per cent below last year.
of agriculture said, The 3700 hogs and 875 sheep received sold steady at levels,
erally steady at the week's advance
from yesterday. » » "
800- 900 pounds .... Ws . com «al FH:
active and steady on limited receipts "at the Indianapolis stock- | geod
Livestock Sales Are Steady On Limited Receipts Today:
Livestock sales remained mostly | Common.
yards today, the U, 8. department i)
recent Good and cholce—
The 450 cattle sold quotably gen-|
Calves amounted to 300, and good | 5404 and choice animals sagged 50 cents Common and medium
8
GOOD TO CHOICE HOGS (3100) 120+ 140 pounds ..... $14.00 14.8 140: 160 pounds ............ 14506014 8 H 180 pounds up veveunns seas 1488 Medium 160- 230 pounds ens 13.28Q14.78 Packing Sows Good to Choice— 270+ 400 pounds .......... 14.10 Medium 400- 500 pounds .......o000ns 14.08 Good Pol 250- 850 pounds .......cii00e 12.75@ 14.00 Medium to Good Slaughter Pigs #0. 120 pounds 11.25913.18 CATTLE (450) Choice Steers . 700- 900 pounds ............ 17.00Q17.7% $00-1100 pounds ............ [email protected] 1100-1300 pounds ............ 17.25@ 18.00 1300-1500 pounds ......ipvies [email protected] Good 700- 900 pounds |, oo [email protected] $00-1100 pounds vor [email protected] 1100-1300 pounds ves [email protected]% 1300-1500 pounds 180091726 Medium 700-1100 pounds ...... + [email protected] ' 1100-1300 pounds ............ 13.00@ 18.00 Common 700-1100 POUBAE + a ieissinss 11.00@13 00
+1100 pounds ............ [email protected] | #00- 800 . « POUNAS | ian vuninses [email protected] 800-1000 pounds ............ [email protected] | Medium ? é | 500- 900 pounds +... oii [email protected] Common , 100001228
(all weights) "[email protected]] Good. [email protected] Mearum. [2700 02 ra - au Cutter and common .!. 1000 |
500-1000 pounds’
CALVES (Steers) * and choice Joe. 900 pounds . [email protected] UM
500 pounds down 12.000Q14.50
Heifers
OVER SURPLUS,
L The chore has become increasingly irksome to Secretary of Com-|>2
EMPLOYMENT
Monon, Jilinols Central mmissioner; an Conn Department; Indians Bell Telephon Light Co; Citizens Gas & Coke Utility;
NEW FIRMS AND PARTNERSHIPS
BE To Sra inatan 1 Masuipeis 08 EB. Washi 8 anufactu and Jos of storm doors, etc. Joseph Zissen and Esther Zissen, 330 Hillwood A Akron, O. 8. club, 934 N. Beville. Weekly posi. Lor a W. Smith and Ruth L. Smith, 34 N. Beville. Midwest Appliance Co., 2801 W. 10th st. Electric appl lances. Matt J. Ehrmantrout and Mar antrout, 1233 N. Mount, Worfol Studio, 2918 Roosevelt ave. Carlton To Worlolk, She XN. Dequiney Sterruazi, 8 Sano H. Machine Repair, 1439 W. Court. Machine pach Harry Harding, 319 N. Arlington,
LOCAL ISSUES
Nomina! quotations furnished by Indianapolis securities dealers:
STOCKS ~ Agents Fin Corp com
Bid Asked
Seven
ents Fin Corp pid ....s 1 20 ng Ayres 44% pid . 4 a Ayshire Col com . .... V i elt R Stk 3 com 39 Belt R Stk Yds pfd MP 4 Bobbs-Merrill 44% pid russe 88 “ Bobbs-Merrill com .....cone wow BB. Central Soya com ... 45 41 Circle Theater com . . 59 ade Comwith Loan 3% ptd ‘ «108 eens Cons Fin Corp pfd .......cev 8TH oo Delta Bleotric com .....coeves 18% 16% Electronic Lab com .......... 5% 5% Ft Wa meddackagn, RR pfd ... 04 0 Herft-Jones Co ¢l A pt ....... 0% 10% Hook Drug Co com ... a Fens Home IT Wayne 1% pid .. 51 Eis *Ind Asso Tel 5% pid 105 ; Ind & Mich B a pid .....107 100% Indpls P& Lopfd ........... 112 113% Indpls P& L Fo Fo «39 30% Indpls Water pfd .. «108 : *Indpls Water Class A com... 30 an Indpis Railways com 18 ‘x eff N&t Life com ....oooovvie . 17 *Kingan & Co pid . «1 78 Kingan & Co col 5 5% Lincoln Loan co sl ‘pid. . ET er Lincoln Nat Life com ....... 60% .. P R Mallory pla ........iv00 B% AMA P R Mallory com . 36% 38
Marmon-Herrington com Mastic Asphalt N Ind Pub Serv §%....
800 pounds down ........,.., 14.00@ 18.50 Medium 500 pounds down o [email protected] SHEEP 18) Ewes (horn) and choice 5.50@ 6.80 400@ 850 Lamby | Cholce and closely sorted ... 1500@13 36 od and choice 1433@Q14T | Medium and good . [email protected] Common [email protected]%
CIRCULATION LESS WASHINGTON, Oct, 19 (U, P.),~| Money in circulation in the U. 8.! declined $10,000,000 during the week ended Oct. 17 from the record high| of the previous week and stood at a total of $27,062,000,000, the Fed eral Reserve gystem disclosed today.
TRUCK WHEAT
Indianapolis flour mills and grain elevators are paying $1.70 per bushel for No. 1 red wheat (other grades on their merits). oats, No 2 white or No testing 34 Ibs, or better, 80c; corn; No 3 yellow shelled, $1.12 per bushel, and No, di white shelled corn, $1.21.
$
Maurice L. Fogarty of
ss Gear & Tool com 8 *So Ind O&E 4.8% Atokely-Van Camp pr pf ..... 21 22 Stokely-Van Camp com NWN 0B Terre Haute Malleable .....7 kA 8'% U 8 Machine com ........ 00 3% 3% United Tel Co 8%....c..0ns 09 ‘ | Union Title com .........ovv 30 BONDS American Loan 4% 86 ...... 8 100 Buhner Fertilizer 5s 54...... 98 American Loan 4'%4s 60...... 8 100 Ch’ of Com Bldg 4's 61..... a as Citizens Ind Tel 4%s 61......108 Columbia Club 1%s 8........ 7" Consol Mn 8s 88 ..... ....... 9 Ind Asso Tel Co 4%s T0.....108 Indpls P & L 3V%s 70 107 indpls Railways Co 5s 687 920 93 Indpls Water Co 3%s 88 107% Kuhner Packing Co 4s 54 .. 100 N Ind Pub Serv 3%s 73 104 N Ind Tel 44s 88 vine 38 | Pub Serv of Ind 3s ‘mn 108v, hub Tel 4%s 5 100 Trac Term Corp 5s 67 ne 9 H J Willlamson Ino 5s 55 ... #8 Sais
We are pleased to announce that
MICHAEL J.
has rejoined our.organization aftér three and one- - half years' service in the U. 8. Army Mr. Duffecy will become Co-Manager with
Paal IH. Davis & G0.
Established 1018 | Members Principal Stock Exchingn
*Ex-dividend. LOCAL PRODUCE
(Prices for plant delivery)
Heavy breed hens, 22¢ Leghorn hens, 30¢. , fryers and roasters under § Ibs., white and barred rocks, 23e. Leghorn eringets, le. All No. 2 pou wn 40 less, Old roosters, 16o. ut receipts, 38¢: large, 48¢c; grade A medium, 3 B sgl Ea ae. " pullet,
rade A ra
Butterfat — . gs
0c brim
DUFFECY
our Indianapolis Office
py EEA
September
1945 Employment (Manufacturing) ...........52,051 Payroll (Weekly) ............. vreessees $1,899,807 btained Jobs ............... svesisvesi 3334 ed Unemployment Claims .......... ,.4131 * TRANSPORTATION Inbound Freight (carloads) .............. 16,292 Outbound Freight .............cc...v.0; 10,078 Streetcar, Bus & Trolley Passengers ....8885343 Airplane Passengers (arrive and dep.) ....10,569 BUILDING Houses (pefmit value) ...........coc.uv. $137,350 Apartments ,............ Seserases ears Business ..... Saves nha veunrieaes $325,900 Industrial... covcinrindninisninsessens. $25,000 Publle: .........i 00 ia idan Saou aan aye $15,000 Repairs and Alterations ................. $418,823 FINANCE Bank clearings .........coviivninria..... $126,408,000 Bank debits ............ von sisi ries $371,657,000 MARKETING RECEIPTS Hogs (head) ...........coovvusinniborens 108,489 Cattle ........svs, Sei nse ha enh visere 31,874 CRIVER ii. ssssnvsssinrsnvssisn Sarge nee 11,814 BROOD i. icsvivinevivers raven vsekany ore 29,903 Corn (bushels) ........... NA aa 1,001,600 Wheat ....... Fas vbin seeds Fred aent sea 689,400 Oats: ........ CSA IR vos rans sans 800,000 Rye Ra) Cassia s nee Cesar iia ene 5400 Soybeans ....... disinneeniasnsr invidious «vs 4800 MISCELLAN EOUS Telephones in Use ............o0cooveees 135,502 Postoffice Receipts .. ............c000ve $498,335 Electricity Output (by kwh) ............. 81,803,000 Gas Consumption (by cubic feet). +++ 483,291,500 Water Pumpage (by gallons) ..... ‘a LL .1,506,320,000 Imports ..........ovcocoeiiiss Arias nnn $768,162 Relief “ (persons) ........c... axriessvers S18 Relief (cost) ........ocnvervvace savers 38180 Sourcese of
above information: Indiana Employment Security division, New York Ceniral, Pennsylvania, Baltimore & Ohio, and Nickel Plate Railroads; Indianapolis Rallways; Indiana lis Clearing House Association; War Food Administration: Indianapolis Board of Trade; U lis P sutolfies: ater Co; U.
e Co.; Indiana Indianapolis
U. S. RELEASES WARD PROPERTY
Avery Posts Refusal
Union Demands.
CHICAGO, Oct. 19 (U. P).~— Montgomery Ward & Co. properties in seven cities were back under pri~ vate management today, signalling renewal of a long-standing dispute between the company and the C. I. O. which twice led to government seizure. The army officially relinquished control at midnight last night, and the transfer took place without incident. Even before soldiers had finished moving out their equipment, Sewell L. Avery, militant chairman of the Ward's board of directors, reiterated the company’s refusal to yield to
of
(union demands for maintenance of
membership and checkoff, granted during the army's occupation. A notice posted by the company announced that “the’ requirements of compulsory maintenance of union membership and checkoff of union dues were terminated when properties were returned by the army, which had imposed these illegal requirements.” No immediate statement was forthcoming from the Mail Order, Warehouse and Retail Employees Union (C. I. ©.), whose members had voiced ther intention of striking if the contract demands were not met. The company’s refusal to comply with a war labor hoard directive granting the disputed provisions precipitated seizure of 16 Ward properties Dec. 28, 1944. A similar dispute resulted in the two-week long seizure from April 25, 1944, to May 9, 1944, when the department of commerce took over operation of the mail order business.
Compared with Compared with August, 1945 % September, 1944 % e640 ...... oom 23.0 83,338 .......... - 36.0 $2,300,642 ......~ 180 $3,775,327 eos 500 4951 ..... cove om 34% 38% ieiiisirni -— 56.0 13718 hii - 44.0 BEB innerinsiva +4-1657.9 10,188 ......... - 3.0 M010 .......,..—~ 50 109... - L1 12,628 ...... oes 202 9.487.583 ....... - 63 9,691,488 oo 83 9043: i... 0 + 100 MBO... ka +136.0 $241,120 ....... - 43.0 $171,715 ........— 200 ol 0 $74000 ........+3404 $26,000 ........+11540 $47500 ,....,.+ 414 $70,000 , ........~ 643 e....... veneers $1000 $6000 .........+1500 $530,210 ....... - 21.0 $80,307 ceisaes +4220 $131,103,000 ....— 4.0 $128,310,000 Lo 20 $403,476,000 ....—~ 8.0 $383,664,000 - 311 83.507 ......~.. + 30.0 201,904 ......... ~- 46.3 28819 ..... veo 34 20,208 ..... #r0.4 64 15044 ..... veo 220 15,689 sees 250 26,783 .........+ 120 36,386 .........~ 180 858,800 ..... oot 170 798,600 .........+ 254 3,400,000 can 78.0 1,016,400 .......— 32.2 1,245,000 ..:...— 470 128,500 ...... coo +4140 30,600 ....... om 82.4 12600 ...... soem 571 29200 ......... - 82.4 2000 .....i.0.v +200.0 135087 ........ + 02 12318 ......... + 23} $503,283 ....... - 10 $562,287 ........ - 14 85,070,000 ..... -— 44 89,722,000 -— 94 48314700 ...... + 02 542,553.000 ..... ~ 110 1,585,320,000 ...— 5.0 1,456,900,000 ....4+ 34 $833.830 . ...... - 80 $725597 .......+ 60 567... srs 10 BIZ ....cevieien ct 540 $8474 ......... + 40 $7097. ..........+ U1
polis Weir Cook Airport; City Building . Com-
U. S. STATEMENT
WASHINGTON,
Oct. 19 (U. P.).—Gov-
ernment expenses and receipts for the current. fiscal year through Oct. 17, com-~ pared with a year ago: is Year Last Year Expenses ...$25,028,006949 $28,56566,087,963 War Spending 21,006,146,720 25,853,246,615 Receipts .... 12,332,620,022 11,711,315,167 Net Deficit .. 13,505, 473, id
16,844,772,796 Cash Balance 13.850,900,00 12,100,508, Public Debt 262,146,077, na 211, 305,069, 803 Gold Reserve 20,039,052 370 20,728,343,390
Center Townshi Customs Office;
arent ee; Indianapolis oB, & . Employment Service.
You'll say
(00D - GREAT-
When You Try Your First Tankful of
New PHILLIPS 66!
»
®
Step on the starter... step on the accelerator— and. let the “Fuel of the Future” make you sit
up and take notice! You'll kriow the new Phillips 66 i
the instant you step on the starter and get that instantanegus response. No choking...no sputter-
INDIANAPOLIS CLEARING HOUSE Clearings $ 5,806, PO RA a: 16,128,000
ADVERTISING NEWS—
Staff Changes Announced: New Campaigns Logahed |
CAPT. PERRY C. LEFTWICH
has returned’ from army air corps
service to join the copy department of Keeling & Co. Capt. Leftwich
had the p
n in service since 1941. He married an English girl. ents of 3 son, kom on V-E day,
LAWRENCE TRISSEL has joined the art stat po Kealing & Co. Prior to that he had his own studio in Anderson, taught art at Park school,
Sears-Roebuck
worked vi J Co. in Ander-
Riper, Inc, advertising agency. He is a graduate of the John Herron Art school and has won numerous awards at the Hoosier salon, the Indiana Art institute and in and Ohio exhibits. . » ” 8 MARMON - HERRINGTON, CO. INC, is advertising in many trade papers in the dairy, bakery, laundry, dry cleaning and allied fields on its new home-delivery truck, the “Deli-Vr-all”” Caldwell-Baker ' Co. is the advertising agency.
LJ - » CHARLES D. CAVETT has joined the stalf of Caldwell-Baker Co. as copy director. . . . A new schedule of consumer magazine advertising for 1946 is being placed through the agency for the Celumbus Specialty Co. of Columbus, Ind, manufactur-~ ers of a new all-metal line of kitchen stools.
u # 2
HARRY REID JR. is president of the newly formed Precision Film
Mr, Trissel
California
Co., 216 Traction Terminal bldg.|;
Frank B. Couts is vice president. The company produces personnel training, sales training or direct sales films either in full color or in black and white. Production offices are at 5508 E. Washington st.
TWO FILMS are now in production. One is for the Indianapolis
286 | chapter, American Red Cross, which
shows their peacetime activities. The other is a 16-mm. sound and color movie, “Your Indianpolis,”
for the Indianapolis Railways,
.| paper,
Sidener & Van|
o LT. JAMES R. GREGORY has returned to Rough Notes as asso ciate editor of the company trade after serving three and a half years in} the navy, Previously he had been advertising manager of the firm, He will speak before members of the Indianapolis Advertising club Thursday on his / experiences Mr. Gregory in New Guinea. Mr. Gregory wears the legion of merit, the silver star and the purple heart. LA a A NEW consumer and dealer ade vertising campaign for Gunning, Inc, Prankfort, Ind, has been launched by Sidener & VanRiper, Inc. The company manufactures tractor-mounted, tractor-operated farm leaders ahd stackers. Media used include a selected list of farm publications, 8 ” 8
CURRENT PUBLIC relations and personnel department advertising for RCA is being placed in Indiane apolis by W. 8. Akin,
INCORPORATIONS
Charles B. Dyer, Inc, 234 Massachusetts ave., Indianapolis; agent, Harry E. Yockey, . Wash nylon st., 8086, Indianapolis; 5000 shares without par value; to manue facture and deal in jewelry, oa ionery, ete.: Charles B. Dyer, ane Ralph L. Colby, Harry E. Ballard Rea ty Co., Fey ocker ianapolis} dissolution. Perry County Publishing Co., Inc., 128 Washington st., Cannelton; agent, Thomas L. Farquhar, same address; #5 shares of $100 par value; A. G. Schibuck, Thomas L. Farquhar, Ernest Weather holt, Wm, 8B. Conway, W. J. Gerber, Charles J. Farquhar, James L. Polk. Olds Realty Co. Inc, 506 Old Firs Bank bldg, Pt. Wayne; agent, Edward C. Olds, same address; 250 shares pre ferred of $100 par value and 1000 shar $s
common without par value; Edward ae Ora R. Kuhlman, Creignton 2 am
The Shan Hotel Co Indiana change of agent to Georg Wiillame
L. 210% W. New York st. gL AR
ing—listen for the magic of a fast-firing motor cven on the coldest mornings!
You'll know the new Phillips 66 is great
is good —
when you give that accelerator just the touch of your toe, and zoom—you're away from that stop light like a scared jack-rabbit coming out of a cane-brake!
You'll know the new Phillips 66 is amazing —when those hills flatten out in front of you with never a thought of shifting!
-
Bartlesville, Okla. '
-
Mister it’s good—great—amazing, not because we say so—but because your car tells you so. Try Phillips 66 and see!
PuiLLips PETROLEUM COMPANY
/
They are '
N. Dyer, |
FRIDAY, FIND FATEH IN SLAY
SOUTH BENL Ferdinand J. 8 prison sentence manslaughter i
“NY | UN:
MIS! ¢
Miss Betty M way, India * fered from Before Ta Tells of W ment Brou Medicine.
The amazing ing in—enthusii Vola-Vin user marvelous herb them new heal dom from ill elimination. H ment from M 1731 Breadwa) diana, Miss ©
“Nerves At My Oid E
“1 want to te better I feel si For some time unstrung. I 1! out feeling all