Indianapolis Times, Indianapolis, Marion County, 20 November 1945 — Page 8

Fraser Will Be Displayed at Same Time.

“ WILLOW RUN, Mich., Nov. 20 (U. PJ) ~The Kaiser-Prazer Corp. plans . to publicly exhibit its low-priced Kaiser sutomobile and medium=~ pticed Frazer car in the major cities of the United States in January, Henry J. Kaiser, Kaiser-Frazer chairman, and Joseph W, Frazer, president of Kaiser-Frazer and Grahain-Paige Motors, jointly an-

that GrahamPaige also will introduce its new line of farm equipment about the same time. The equipment will include a new general purpose tractor and two models of the Rototiller. First in 10 Years

The Kaiser and the Frazer, both

six passenger cars will be the first]

new cars to be introduced by a new company to the American public in more than a decade. They will be

especially designed by Continental Motors in co-operation with KaiserFrazer and Graham-Paige engineers, Frazer said.

nation-wide network of approximately 210 distributors and 3800 dealers, Frazer stated.

STUDEBAKER PRICES ADVANGE WITH FORD

er IN JANUARY

or pan

The

price advances to cover certain in-|Good—

creases in labor and material costs which have occurred since Jan. 1,

“1941; as well as added costs result-| yoaium

apolis Railways bus lines were revealed yesterday by Harry Reid, transit firm president. According to Mr. Reid, Indianapolis Railways ‘for authority to

il a

of the first steps in ~war program for continual improvement of the service,” Mr. Reed said, “and will augment our previously announced plans to spend approximafely three and a half mil‘lon dollars for new vehfcles and . other facilities.” Operating only during the. rush

: ~ shin Sve nt hon AIRS pliave.

there on they will employ a ggered stop system to eliminate

every other stop. Stops that are,

eliminated on the outbound trip will be made on the return trip. The system, designed to save time,

mental basis.

Wateh Repairing

JPA SERVICED 4

18 19)’

EVEN E

eypress service will be xs

ts.

Stockyards.

=F SAL ee rT ree 3 Newest Aluminum - Use — Clothespins HOLLYWOOD, Cal, Nov. 20—~ Clothespins are the newest use | for aluminum. Produced in permanently col ored red, blue, green and silver under Aluminum Co. of America’s process called alumilite, the" new pins are expected to be on the market within a month. An estimate -of-2520,000 pounds annually, equal to the production of 140 flying forts, has been set as the amount needled to pro‘duce 50,000,000 pins. In the form of a corrugated clip, the Del E. Webb Products Co., manufacturer, says they may also be used as clips for baby blankets, papers or money, clamps for photographer's negatives, or as fasteners to be slipped over coat hanger rungs to hold dresses

The 12.000 hogs received today at Both cars will be sold through a|the Indianapolis stockyards sold des pendably steady, the U. 8. agriculture department reported. cattle and 650 calves also brought steady - Prices in an active trade. The fat lambs among the 1200 sheep gained up to 25 cents. ‘ A . :

GOOD TO CHOICE HOGS (12,000)

12,000 PORKERS : RECEIVED HERE

U.S. SURPLUS MOUNTING FAST

Only $1 Being Sold Out of Each $3000.

WASHINGTON, Nov. 20.—Surplus property continues to mount with only about one dollar's worth being sold for every $3000 declared surplus at present rates. Declarations last month by the army, navy, maritime commission and other agencies totaled $3,029,464,000. - Yet' only items costing originally $89,198,000 were sold at $33,054,000, or approximately onethird of cost, Total $7 Billion Inventories of unsold surpluses in this country, exclusive of items on lease, now total §7 billion. The surplus property administrajon says more than half of the surpluses now on hand—aircraft valued

at -$3,723,443,000—are unsaleable. Plants and industrial real prop-

erty inventories amount to $1,441,

808,000. Foresee $30 Billion Disposals of surplus goods in foreign countries, which were handled by the foreign liquidation commission, amounted last month to $7,632,000. SPA estimates that approximately $32 billion worth of surpluses will have been declared by July, 1946. At the present rate of disposal, nearly $30 billion worth will still remain unsold at that time,

MORE CAR PRICES DUE IN FEW WEEKS

WASHINGTON, Nov. 20 (U, P). —The office of price administration is expected to announce within two

or three weeks the retail prices for new cars built by General

However, there will be greater de-

ard, Crosley, Willys-Overland and Praser-Kaiser. Packard, it is understood, does not want its new prices announced until it is ready to Sell cars.

SOUTH BEND, Ind, Nov. 30 (U.| I 10 DOURGS ooo tie se@iess P.) Studebaker Corp. today said 160 poun UD Caneienienin 14.88 the OPA has permitted it to ad-| 160- 200 pounds ............. [email protected] vance its prices over Jan. 1," 1041, : 0 chat Hing Sows ' by approximately the same percent J LH 4 POUDASE.ererreenn.. 1.10 age as Fare Motor OS, ian oi 400- 500 pounds ‘..... arveres 14.08 real | i Title 250- 580 PNB [email protected] clear in the OPA announcement! Medium to Good— because OPA used 1942 model prices 90- 120. pounds crgsegeninies 11.35013.78 “rather than 1941 model prices as a - . CATTLE (2030) + Tevet ou hat the OPA [Tullo ovngs 58 us Jan, 1, 1041, as a base and permits | }io0- 1560 BOUND © voc 1 2iGiges | TUE

: 700-1100 d 25@18. ing from changes in design and 1ioe-1308 bo poutids 133 1878 Any comparison of new Btude- | 700-1100 pounds .........cees 11.00013.35 baker ceiling prices with 1942 mod- |. nt el prices “obviously” would be af-| 600- 800 pounds . srkugare . [email protected] fected by the fact that during the 800-1100 pounds .. i eevee « 18.50 Ho % five months that 1942 models were| 600- 800 pounds ............. [email protected] in production, Studebaker did not (355.1100 pounds . covesnnsaseee 10.256016.50 choose to advance its, prices over S50: 90 pounds seresnsranses 12.50018.35 " 1041 models nearly as much as did | 500. 900 pounds ............. [email protected] other automobile manufacturers, Cows (ali weights LOOGIADD Hoffman said. Meatum 1 fe odaee Se and common ......... nyu Ee 5.500 1.28 CITY BUS LINES TO |, ooo moe Good (all weights) .., . [email protected] Medium vvesss. [email protected] : Cutter and ‘common wa 8 10. Plans to speed up bus service - CALVES (88) hme % Vealers (all weights) with the establishment of an “ex-1,,,, ,04 caoics ............ [email protected] press” system on several Indian- Sotumon and medium ....... ig mgis

Agents Pin

| Eleetrol

Linco Lincoln %

Cons Fin Corp Delta Electric’ un nic .s a 4% 8% Mt Wayne a Et RR pid 97% 102% 1

in oan Co 3% Pid.. Life com

Ross Gear & Tool com Es Fas "a 1 -Van f tokely-Van Camp Ho Haute M hine cont

Tesbenen

Agents Pin n Corp pid sabsseni Amer Sta

Cras eatananan

LET

Loan 5% pid . pid

eitenrnnnae

ETE

re heen

Bobbs-Merrill van | pid Il es Bobbs-Merrill com will be tried first on an experi- ¢ C

Steers 600- 800 pounds 13 14.75 800-1060 POUDAS. i +vvsusressen [email protected] oo: 800 pounds 1200013.80 -1080 po saslasenia ar [email protected] 800-1050 48 cesvirinmiss 1025013 30 poyn 012.00 500-1000 Bias avian wee [email protected] SHEEP (1209) Ewes (Shorn) Good and cholee ............» 5.750 6.50 Common and medium .... © 4.200 5.1 Lambs Chotee and closely sorted... 5 15.00 Good and cholee ..........& 14.25 u i) Medi and good saab Aance see 12.509 14.00 Col eras 10 38@1d 3s ,

Herfl es Co cl A pid. 3 1 Home T & T Pt Wayne 1% pid 5 ny look 8 .e “ee Ind & Mich Elec ¢'%4% pid .. 108% dpis P & L pla ...... A14 116% Indpls P & L com ........... 04 31 Indpls Water pfd 108 ree *Indpls Water Class A com... 20 .; Indpls Railways com ,....... 18 04% Jeff Nat Life com ..,,.v..... 18% Kingan & Co pfd .........u0. ”' . Kingan & Co com .. ..... ]

pared is yo J od

Public Debt.

signing or protion. Bert St. Clair, spokesman for the

he ‘stages of due

700- 500 pounds, ..,.... I [email protected] | Retail Automobile Dealers associ-000-1100 POUNAS + revranenans 1100-130 pounds oo ese... 16.33@17 33 ation, said in Cincinnati yesterday 1300-1500 pounds ...i:s Sreens [email protected] | that Bowles had over-stepped his

authority in cutting down dealers’ margins of gross profit. He said the dealers would protest to con-

gress Senator Kenneth Wherry (R. Neb.) author of a resolution to force OPAgto abandon its. cost absorption , said the new prices announced by OPA “slapped congress in the face” because they were announced while cost-absorp-tion hearings were still in progress.

BOOKS -

The Business branch of the In-

if dianapolis public library announced ‘| the following new books of interest

to business men and women: MODERN REAL ESTATE, by

‘| Harry Grant Atkinson.

SALES MANAGER'S HANDBOOK, by J. C. Aspley. (New edi-

tion.) TRUST BUSINESS: Y- 1 TRUSTS, by American Institute of Banking. (New edition.)

FULL PRODUCTION REQUIRES SCIENTIFIC DISTRIBUTION, by James Alford Thorson.

BUSINESS EXECUTIVE'S GUIDE, by J. C. Lasser.

firm today for more than 50 years

the oldest food firm honored at the

advertising leaders.

Wh C. Culp, vice president of Stokely-Van Camp, here (right) as he accepted a diamond certificate awarded the local

name Van Camp. Sponsored by Brand Names Research Foundations, Ine., the certificate is being presented by George L. Russell Jr. foundation chairman. The local firm, whose brand name is 84 years old, was

House, Chicago, for 150 executives of branded product companies and

of public service

luncheon held today at the Palmer

Motors, Chrysler, Hudson and Nash. | §

lay in pricing cars made by Pack-|.

others are inj

Bank Announces Promotions Here

Promotion of two long-time employees to official positions was announced today by the Federal Home Loan bank here. Mrs, Sylvia F. Brown has been elected assistant secretary, She has been with the bank for more than 12 years and has served in stenographic, bookkeeping and

assistant to Miss White “Fred T. Greene, president of the. organization. Miss Caroline F. White has been named assistant treasurer, She has been with the firm for the past 10 years as bookkeeper, and has also been in charge of the bank's accounting records during that time. Other bank officials are Fermor 8. Cannon, vice president, and G. E. Ohmart, vice president and treasurer.

REALTORS TO NAME ~3 NEW DIRECTORS]

' Three new directors will be elected by the Indianapolis Real Estate board at the group's annual meeting Thursday noon, Dec. 13; in the Columbia club. 7 Candidates are Glen E. Burtt,

Crawford Mott, Willlam E. Niven

SEES NEW AUTOS . IN BLACK MARKET jor

BRIDGEPORT, Conn. Nov. 20 (U. P.).—~The OPA pricing of automobiles “will throw new cars into the black market,” John M. Rehn, president of the Connecticut Auto motive Trades association and Pon-

u. 'S, STATEMENT ON Fi Ew

4 [ WARRGTOR, “Wot 5

Last Yea 8 20001 214 Te s 36. 160,861. 544 26,527,501,166 13,036,290,726 480,083 ’ pel 387,915 22,318,373, ,389,666, 212,624,043 411 20,693,901,380

Expefises. . War

263,787,285, 143 Gold Reserve 20, 032.514; 82.514.073,

INDIANAPOLIS CLEA CLEARING HOUSE

{of America, N. T. & 8. A, world’s

last gt, : dealer could] ov. get wong. y d'Bea PA prices, ng . De GHNSTON NAMED,

SAN FRANCISCO, Nov. an .

the U. 8. Chambér of and president of the Motion Picture Producers and Distributors of America, Inc, has been elected to the board of directors of the Bank

largest commercial bank.

~1000,000 at “official exchange rates—

Edgar E. Brodbeck, John H. Max,| C0

|dent E. Kirk McKinney, was won

tiac distributor for Bridgeport; said}

P.).—~Eric A. Johnston, president of | Commerce |

JAP REPARATION ASSETS STUDIED

Hirohito’s Fortune Subject to -Allied Demand.

TOKYO, Nov. 20 (U. P).~Machinery and equipment from Japan’s war industries may become part of Nipponese reparations to the United" Nations, Edwin Pauley, U. S. representative on the allied repartions commission, said here. Pauley also indicated that Emperor Hirohito's personal fortune may be used to pay reparations. Part of his mission, Pauley said, is to determine whether the emperor's assets should be seized. Pointing out that the imperial collection of curios alone is valued at 2,500,000,000 - yen—about ~ $160,«

Pauley said: “That -is a Japanese asset that must be dealt with accordingly. If there is something we think should go to cover the cost of occupation or reparations, we'll take it." Pauley, President Truman's per= sonal representative on the commission, emphasized, however, that it “would not be United States policy to take objects which have a cultural value to the Japanese.” “I don't believe Japan can ever pay for the cost of occupation let alone big reparations,” Pauley said. He declared that he had “never been optimistic about the Japanese ability to pay a large sum and “after seeing the ruins of Tokyo— and Fokahama, 1m even less optiFmistic.” T

LOCAL MAN WINS INSURANCE - CONTEST

Jefferson National Life Insurance Indianapolis, today reported production of $1,008,000 of business during October, which was designated President's month. The contest, which honors Presi-

by C. A. Harris, Indianapolis. Mr. Harris, special representative for thefirm, had 32 cases for a total of $1575 FM n, Terre Haute general agent, wis second with 24 cases

_|the well site, and work on the ex-

Mou seabees, fighting weather that sometimes hits 50 degrees below zero, have sunk an exploratory well at Umiat, about 180 miles

5000 feet.

sources into solid masses of ice at

ploratory shaft has been temporarily halted. Meanwhile, the seabees, most of them expert workers from the oil fields of Oklahoma and Texas, are being depleted through discharges, and are expected to be gone by the end of December, The navy is obviously concerned about the future of its exploration work, especially about the completion of the well that is now half dug. The correspondents were taken up here at the same time that the navy was preparing in Washington to ask congress to provide for continuation of this work. The navy is recommending that the work at Umiat and in the east- | ern third of the petroleum reserve be turned over to a private contractor, geological survey continue investigations for evidence of «il in the other two-thirds of the vast area. “May Open Vast Field A navy spokesman, with the correspondents emphasized during our visit here that the work under way was purely exploratory, not development. Tests have indicated that the oil still below the tips of the navy drills is of low viscosity, and will flow freely through a pipe line in the arctic temperatures. A pipe line survey has already been completed from Umiat 500 miles to Fairbanks, across the barren Arctic slope, the Endicott mountains, and the Yukon valley. The highest point in the surveyed route was 2200 feet. Experts assert that this is no barrier to an oil pipe line.

WASHINGTON, Nov. 20 (U. P). ~—Belgian assets in the U, 8,

and that the United States!’

blocked since the Gefman invasion

WASHINGTON, Noy, 20 (U. P)—~ Clefmany MAY hive Bien hoping to

i ®

if £ fled! iil

CONTRACTORS SET CONVENTION DATE {maces race “sicior, and vn

The convention of the Sheet Metal and Warm ‘Air Heating Contractors’ association of Indiana will be held Feb. 4 and 5 in the Antlers hotel, the group said today. The educational program will bring” the latest developments in the heating and sheet metal industry, and shop improvements with time-saving equipment and modern methods of welding, the association stated. Officers are James R. Walker, president, South Bend; H. W. Meggs; first vice president, New Castle; Carl G. Butz, second vice president, Lafayette; Thomas Ewing, treasurer, Huntington, and Homer 8Selch, | ary, Indian. dpolis.

REPORT MANY JOBS - UNFILLED IN STEEL

CLEVELAND, Nov. 20 (U, P.).—

FOUNDED 1913

Ini justice to those who have made VICTORY possible

BUY VICTORY BONDS

Let's make this — the last of the war loans —a striking success . . . A Victory Bond is a sound investment — also a most appropriate Christmas gift. The money raised by the Victory Loas is ceded to bring our men home, to care for the wounded, and for the rehabilitation of the veterans who did their part for Victory. We owe it to them to do our part saw.

Wa offer our facilities for your purchases,

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