Indianapolis Times, Indianapolis, Marion County, 18 December 1945 — Page 10
©
, ust before it was transferred from
: 500,000 short coats, or peajackets.
do ¥ WE Fn J: S. SURPLUS
Slow, Inaccurate.
By SANDOR 8. KLEIN ¥ United Press Stal Correspondent
ius property disposal program.
nger.
rouble,
wnstruction Finance Corp. Blame Army
They were unanimous in blaming
he armed forces, particularly the itmy. They contended the army vas slow in declaring surpluses and hat it caused confusion by withirawing goods after declaring it surdus and providing inadequate, inwccurate data on quantity and type Jf materials it does release. William 8. Bradley, who resigned 48 head of the consumers division
he commerce department to the RFC early last month, told the Jnited Press that 40 out of 60 sales orograms scheduled for September were held up because of inaccurate iata supplied by the army. Here are some examples of the difficulties cited by Bradley ana sther officials in connection with the disposal program: On Aug. 18, the army declared as surplus 3,150,000 yards of parachute silk. Garment manufacturers descended in a pack on the consumers goods division, each hopeful in getting some of the silk, to insure orderly distribution, the division met with an industry advisory committee to work out allocations. This was done. Then the office of price stministration was called on to set ceiling prices. With everything set for distribution, the army stepped in on. Nov. 8 and withdrew the cloth. It said it needed the silk for gunpowder bags. x Peacoats Slowed The navy declared surplus about
As preparations were being made to sell them, the navy advised it could not deliver them until it had removed the buttons from the jackets.
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~ DISPOSAL HIT
ila Say Services Are|
: ‘WASHINGTON, Dec. 18.—Veter- . . 35, small businessmen and other gments of the public are heaving rickbats at the government's sur-
They're writing in by the hunreds to complain they can't lay ieir hands on any of the stuff that ae armed forces don't need any The surplus property adinistration still has a backlog of panswered letters from better than 000 veterans asking whats the
This correspondent sought to find he answer from officials now or| - armerly connected with the chief onsumer goods disposal agency, the onsumer goods division of the Re-
timed to produce 20 planes a day.
. THE INDIANAPOLIS TIMES Civilian Planes Roll Off Assembly Line 4 gt
(TIRE COMPANY
Personal planes for civilians, turned out by hand before the war, are now rolling off the first mechanized conveyer assembly system to be used in the light plane industry. The conveyer; shown here, is at the Aeronca plant, Middletown, O.
It is 1275 feet long, can carry 45 fuselages in a continuous line and is
st. between Washington blvd. and
feet deep. In announcing the project, Russell L. White, president of the Indiana National bank, 3 Virginia ave, declared: “Having received the approval of the comptroller of currency at Washington, we proposed to erect as soon as possible a beautiful
and carefully planned to house a complete range of commercial banking operations, savings deposits and safety vaults , . , subject, of course, to the permission and building regulations of the city of Indianapolis. “The need for a more complete range of facilities extended to and made more accessible to its customers, business organizations and individuals, on the North side of Indianapolis, had been apparent to the directors and executives of the
time. . “Now following the end of the
"| war, they feel that it is time to put
into operation the bank's post-war plan to fill more ‘adequately the banking needs of this community.” A petition for a zoning variance was filed with the zoning board Monday. D. A. Bohlen and Son are the architects.
PARAMOUNT NAMED
An anti-trust suit charging Paramount Picturds, Inc., and four other corporations with a worldwide
by the government in U. 8, district court here today. ‘The suit said that the defendants’ acts “delayed the opening of a new
1fleld of public entertainment and
education.” Named with Paramount were Tel-
= |evision Productions, Inc, a Calii a corporation and wholly-| E jowned subsidiary of Paramount;
General Precision Equipment Corp. one of the largest manufacturers of motion picture equipment; Scophony Corp. of America, a holder of rights to British television patents, and Scophony, Ltd, of Lon-
i | don, which manufactures and sells £ | television ‘apparatus.
The government charged that
Scophony of America and Scophony,
Ltd, entered a contract dividing the entire world into fields for the
Western hemisphere and the Brit-
ish firm the Eastern. .
“U.S. STATEMENT
WASHINGTON, Dec. 18 (U. P.).—-Covs ernment expenses and receipts Yor Oe current flseal year through Dec. 14, come pared with a year ago: bast
ear 10048, 4586 343, “ 3s
Ts an Xx }48 06,
- deficit 8. Cash balance. ihe at ih 20.175,126,630 Public dee
Bharata AEA
tn the Middle of
226 Mess. Av. the First Blok
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You Save Because We Save Men's Suits & “a |
tg 21 ue” ‘CASE th
CLOTH BAN, Senste drs Open $ 1a 4 |
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47 gy R USUAL YW PR/
hi SHEETS Waldh Shop
722 State Life Bldg. WATCH & JEWELRY "REPAIRING 10-DAY SERVICE
dd
branch bank building, fully staffed)
Indiana National bank for a long
IN TELEVISION SUIT|
NEW YORK, Dec. 18 (U, P).—|
Indiana National Bank Plans For Branch on 38th St. Site
Permission te construct a branch hank on the south side of 38th
Delaware st. was sought from the
zoning board yesterday by the Indiana National bank. Including lawns .and parking space, the proposed $100,000 development would occupy all frontage on 38th st. in the Washington bivd.Delaware st. block. Blueprints call for a one-story structure of Indiana limestone, 75 feet across and 8
SALES STEADY ON LIVESTOCK
Local Yards Get 8500 Hogs And 2000 Cattle. |
The 8500 hogs received today at
the Indianapolis stockyards sold. ac-
KAISER WILL MAKE OWN AUTO BODIES| »-
WILLOW RUN, Mich, Dec, 18 (U. P.).—Joseph W. Frazer, president of Kaiser-Frazer Corp. today | announced the corporation will manufacture its own bodies for the new Kaiser and Frazer automobiles. In making the announcement Frazer said the step was being taken in order to insure the highest quality and increased economies in the
production of the two cars, “Both Mr, Kaiser and I have made this important manufacturing decision in order to be able to pass on to the consumer the highest quality materials in these automobiles at the lowest price,” Frazer said. The first of a series of huge 900-
‘ton presses now are being made ]
for the corporation for installation within the next 60 days. Volume production of the Frazer is expected to begin about March with the Kaiser following approximately six weeks later,
Big Candy Total Still Falls Short
WASHINGTON, Dec. 18 (U. PJ, ~ American candy-makers turned out more candy in 1944 than ever before in the nation’s history but it didn't satisfy the national The commerce department, reporting an all-time high candy production of -2,500,000,000 pounds last year, said the people would have bought another 700,000,000 pounds if they could have gotten them,
One of the chief reasons for the big demand, of course, was’ that more than 25 per cent of 1944 production went to the government, largely, for the armed forces. Last year’s production averaged out to 203 pounds per person. This year, with the sugar shortage more acute, production is high enough for an average of 186 pounds.
SYNTHETIC RUBBER TANKS ARE OFFERED
DAYTON, Dec. 17 (U. P).~In-| vitations had been sent to 1000 dealers and manufacturers today to bid on scrap airplane oil and fuel. cells valued dt more than $14,000,000 in an unprecedented move designed to speed up distribution of surplus government property, Officials at Wright field said that bids on the synthetic rubber tanks must be in the hands of Fairfield air technical service command head quarters here by 9 a. m. Thursday, when the sale closes. The tanks
338 | have been used as boats, watering troughs, water carriers, feed tanks 38! and for grain storage, Wright field
officials said.
| tively at the $14.85 ceiling, the U. 8. | agriculture department reported. An active trade at fully steady {prices cleared the 2000 cattle, and
{the 575 calves, although active, lost mostly 50 cents. Sheep totaled 1800, and fat lambs | gained up to 25 cents,
GOOD TO Se — HOGS (3500)
«$18. 14.90 . 14 14.85 cessssiasenans "es Sererarsinani ua tenessareaane Hw vs 10.007 14.30 Sete maser as [email protected] Slaughter Pige Medium to Gooo~ > 120 pounds . [email protected]
t
1100-1360 pounds . sone 00-1800 pounds ear
700-1100 POURAS .ieecairines 1. 1100-1300 DOUNGS +.uuoeevenene Ra
1. euse .50
shes sErnespen
Sess annsnsary Srbenavasensr
rss eMasee
TAs ssrensttins vensanne
1 11.78 ap 10.00
CALVES (75) Yeakuny (all weights) hdmi ugnon ss 17.00@17. Comman and Medium vas vn 10: a 17.00 Fh ar RAR Awa saa he [email protected] bien and Stocker Cattle and Calves Steers CE POUDAS ..os.unves.se [email protected] 800-1060 pounds ’ 0915.00 500- 800 pounds ..... veins 13.50 Soa-1080 pounds sevenne 13.50 500-1000 ‘pounds ...... « 595010.28 : SHEEP (1999) Ewes (Shorm) 5 Good and choles ........... . 6 7.28 and medium N.... J a5 Lambe )
u. S. READIES 700 AIRPORTS FOR SALE
WASHINGTON, Dec. 18 (U, P).
said.
4 CHEMICAL FIRMS
18.08| charged conspiracy to fix prices,
16.00 agi) t=
bX (all weights) seese nies [email protected]
GOR vu ansivves Pt Wa & Jackson RR ptd 9 Brig Hettl-Jones Co ©) A phd 10% 1 Home T & T Ps Wayne 19% pid 51 wie 4 Hook Drug Co com ... ....... 19% Ind Assoc Tel Co 3 pid ...... 51 ‘is Ind & Mich Elec 4%% pid ..100% .... Indpls P& Lpfd ........... 113% 116%! 1 PL eon 3 n% er ny Indpls : Kingan nr Kingan . "n *Lincoln Loan Co 8% pid 1] u Lincoln 8 7% PRM PRM 3s Marmon oy N Ind Pub Pub Serv of Pub Serv of Ross r & Tool Sind Ss anh
New Location Bought.
A $175000 expansion and remodeling program is planned by the
st. Double frontage on the northeast corner of Meridian and South sts
be built on the site at a cost of $150,000, including the price of the land. The firm's present headquarters will be completely remodeled at a cost of $25,000, he
EXPANDS HERE
{C. L. Knoerle Announces,
Knoerle Tire Co. 2421 N. Meridian
has been purchased, Charles L.!
‘Springer Heads Realtors’ Group » Edward W. Springer was elected board president of the Indianapolis Real Estate Board yesterday, Mr. Springer - -is secretary of. retary of the Atkins Serings Loan Co. For = ; -the ‘past three : years he has
been a member of the real
i
tor of the Federal Home Loan bank, past presi
To Service Trucks
The new building will tontain a complete auto service department and will specialize in servicing trucks, Mr. Knoerle said. The company’s retreading plant will also be located in the new station. The firm hag the U. 8. Rubber Co. franchise on the Uscap method of tire rebuilding. Other officers ‘of the organiza tion are Robert L. Davis, first vice president in charge of commercial C. E. Patton, second vice president in charge of wholesale sales, and A. J. Pasmas, secretary. Wilbur Shook of McGuire & Shook, architects, designed the new station.
FINED IN TRUST SUIT
TRENTON, N. J, Dec. 17 (U. P.). —Four of the country’s largest laboratory chemical manufacturers and four officials of the firms have been fined a total of $52500 after pleading no defense in federal court on charges of anti-trust act violations. The fines were imposed Saturday when all of the defendants changed earlier pleag of innocence to nolo
dent of the Savings & Loan League of Indiana and secretary of the Marion County League of Building & Loan associations, °
ard W. Pieber, Fieber Realty Co. president and recently returned - from four years overseas with the | army, vice president; William N.
Co., secretary, Hueber of the-A. J. Hueber Co, treasurer. Ae Retiring o
“ter, vice president; Bruce C. Save
age, secretary, and C. O. Grinslade, treasurer.
Meetings
Life Underwriters
Paul Speicher, president and managing editor of the Insurance Research & Review service, Indi-
anapolis, will speak on “The Christmas Spirit in the Life Uriderwriter” at the luncheon meeting of the Indianapolis = Association of Life Underwriters in the Lincoln hotel! Thursday. Mr. Speicher is a gradu- | ate of Indiana university and the University of Wisconsin, and was an mstructor at Arsenal Technical high school before joining the insurance
contendre. The indictment Agalia Sensk. &
4{Co., Rahway, N.
Chemical - Co., ey Mallinckrodt Chemical oy a Louis; General Chemical Co. York, and the four officials Now handed up by a federal grand jury in November, 1943. The case was postponed until} after the war because all firms were engaged in vital war work. | Each of the corporations was fined $5000 on two counts which
suppress competition and to meochemicals.
LOCAL ISSUES
Nominal quotations furnished by Indisscurities dealers:
{the Worker,” {of Factory Management and Main-
service organization 25
{years ago.
LILLY EMPLOYEES
HEAR L. C. MORROW
Speaking on “The Supervisor and L. C. Morrow, editor
| tenance, addressed 450 Eli Lilly Co. supervisors and executives yesterday at a company dinner. This was the second of a series of education-
al programs being sponsored by the nopolize the sale of laboratory frm
Mr. Morrow, who was introduced
at the dinner by E. N. Beesley, Lilly personnel director, was formerly ed-
Factors that ; Determine Value
Factors that determine the basic value of a given security are so numerous and so interrelated, that few investors find time to appraise them completely . . . You are invited to make use of the facilities of out Investment Research Dapartment, : ritefor our wiehly Stock Survey
THOMSON & MSKINNON
SECURITIES « COMMODITIES 5 East Market Street Phone: MArker 3501 11Wali Se. New York Beaschesin 33 Cities
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IVs MU RPHY’S for GIFTS
We’ re Open Till 9 P.M. Every Day This Week!
ON SALE AT 7:00 0’0LOCK TONIGHT
Tree lcicles, admdedoneesins ans Tree Leides, by ork Sasansusecaes
y Bib ADIOMiB. assesses ense , Stardust. a
Mulls opis aevesee
tesessstaeevenennnn
‘Towel-and-Washcloth Sela. ceirsinacn Washcloth Sets...............
vans valle 21c saesessis 396
Seven
"essen.
Other officers elected are How- | Waltermire of the A. C. Moldthan | | and Ralph E. |
rs are Wendell M. | Hicks, presidést; Carl G. Weyte |
{ACCOUNTANTS - MEET IN. LINGOLN HOTEL
The Yadianapolls chapter of the National Association of Cost Ac- 1, countants will hold an annual quiz
Program. ang dinner at 6:30 p. m.| tomorrow in the Lincoln hotel.
accounting Richard Halloran, plant accountant at R. C. A, and Troy G. of Geo. 8. Olive & Co. “be questioned by the assembly.
gil
L. Carmichael, associate professor pound Ww
The meeting will be directed by i ———————— cs rtm aa
TUESDAY, DEC. 18, 1965 CEILING SEEN CAUSE *
OF BUTTER FAMINE}
CHICAGO, Dec. 17 (WU, Owen M. Richards, manager of the
today the nation faces a butter famine within the next few weeks,
falling off with renting. speed because of a price disadvantage for buttermaking. “Buttermaking can’t continue
under an economic blueprint that
restricts butter to a 46-cents-a-ceiling while the
holesale at Indiana universi- cream from which 3th Hue ranges {from 75 to 90 cents a pound of
butterfat,” he said.
P)—
Joseph P. Baerncopf, & partner in |
the firm of Geo. 8. Olive & Co.
:
23
f
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