Indianapolis Times, Indianapolis, Marion County, 7 January 1946 — Page 8
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INCORPORATIONS
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Ch FR Bwift, yan Auio Parts Co Toy
Cor St, Evansville; Po vg
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Known as Higgins, Inc., the
or wood, pleasure boats, auto trail‘ower all of the machinery, plant
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company produced mil. lions of dollars’ worth of P-T boats,
and invasion craft
Net sales reached a peak of $06993961 in 1944. Stock of the old company was closely held, with 24 stockholdérs and 200664 outstanding shares of $1 par common
, Sehust, Edith B.
400 N. wW. fan Rabers J. share of $100 par value and 1500 . without par value; Isabelle Oates, Robert J,
arti Too 3 a ‘Mtg. Corp., Carlisle: | Ayranire Col com C. Owens, Sullivan;
Stumpf,
C. Owens.
selut
es Edward MacIntyre,
Mutual Automobile Insyr.|Bobbs-Merrill com
Ceo., Indi M AR Lincoln Tingotn “Fuki 8; Fan don,
R. Swift.
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preshares
1000 | value: Joseph T, Mar-| Belt R Stk
ew Millon Corporation Wil Build Boals and Auto] ty Trailers; Will Be-Known as Higgins, Ino. NEW YORK, Jan. 7 (U. P.).—Andrew Jackson Higgins i forming a new $12000,00 corporation to bu boats and auto trailers, it was disclosed today. The new company succeeds Higgins Industries, Inc., which was placed “in voluntary liquidation” by directors . two months ago after a strike closed its three New Orleans |
SUGGESTS U. $. BOSS ‘BIG INCH
SPA Reports Private Firms Not Interested.
WASHINGTON, Jan. T (U. P).— The surplus property administration today suggested government operation of the “Big Inch” and
“Little Big Inch” oil pipelines if private interests fall to to buy or lease
IN RETURN, the old company| them.” #
Ina report to congress the SPA New York pipelines but if nobody
sidered.” Holding Patents The SPA also reported:
of be outstanding, of| 1 That the government is hang-
ing on to its war-developed patents and inventions until congress sets a national policy on the government's place in scientific activity, None have been declared surplus.
2. That ‘44 airports and two port »| terminals costing the government some $355,000,000 have been or are likely to be considered surplus, and that railroad companies are par-
The reports were made in con-
Other Uses Suggested 3. Public operation may be necessary if private industry won't take over. So far private interests have not offered to buy or lease the lines. The BPA said “numerous
"|groups and firms” had expressed
interest in using the lines should the government operate thent, 4. If it proves impossible to keep ‘he lines in petroleum service they night be converted to use for ship-
Nov. 3, 1045, Higgins closed ment of natural gas. Conversion to and on Nov, 10 the | ers approved his suggesfirm be liquidated. e, Higgins said he did intend to withdraw from busibyt would continue under new
{gas however, might disrupt eastern coal, railroad and other industries, the report added. The so-called “Big Inch” pipeline, built by the government at a cost of $78,500,000 and extending 1340 miles
York-Philadelphia area, gets its name from the huge diameter of the pipe—24 inches. It has a capacity of 300,000 barrels of crude oil a day. The “Little Big Inch,” costing $67,300,000 and running 1475 miles from the Texas Gulf coast refinery area to the New York area, has only slightly smaller diameter than its big brother——20 inches. Its capacity is 235,000 barrels of gasoline a day.
LOCAL ISSUES
: Nominal quotations furnished by Indi. anapolis securities dealers: STOCKS
Bid Asked Agents Fin Corp com ........
BY ii Agents Fin Corp pid -........ 19 20 Amer States pid ........, Venn 23% 25 Amer States cl Ai-vovsipnn 32
. 8 Ayres 4%7% pid . nv »
| Belt R Stk Yds rs senans n
¥4s pid. .......... 58 Bobbs-Merrill 42% pid ...... 69 RNR 10 usd Central Soya com svsnsnns 4B 82 3353 | Circle Theater com ........:. 61 , lanapolis; agent, | Comwith Loan 5% pia. «oes 108 Cons Pin Corp pfd .. vee 9% Delta Electric com ,.......... 18 17% * | Electr Snie Lab com 5% 8
e & Jackson RR ‘pid 29 oned Co cl A pfd.. Ft. Wayne % ote, 51
108 Herfl-} : Home T:
11 Hook Drug Co com 10%... 18; roosters, 6c; ducks. § ibs, and over, Ind Assoc Tel Co 2 ptd i) | 20c; light, 13¢; geese, 20¢; capons 6 lbs. Ind & Mich ee he ptd...110 112% | and over, 30¢; under, 23c. |3 Indpls P&Lp ...114% 116V,| mggs: current receipts. 54 Ibs. to case, Esme 1600 shares pre. |(NOPIS P & L com CUI 31% 33% | age; graded e large, 420; A medium, stock of $100 par val Indianapolis Water pfd ....... 105 3 : A he ue and 1500 3c; A small, B large, 3c; no grade, . stock no par value: Wil. Indpls Waier Class A com.... 20% 21% | 24¢ : 3 ays com .... 1 : A G. Krafft, Roy| jor Nat Lite so," 182 31 | Butterfat: Ab ceiling, Soc. 36 W. 10th st Kinga &Coptd......... : ‘ i a ely Lincoln Loan Co §% ptd... og % 7. U.S. STATEMENT ral ‘mercantile neoln Nat Life com......... 08% .... Everly, | Lincoln Neg bi com |." 38 36%| WASHINGTON, Jan. 7 (U. P.).—Gov- | Marmo Nat Life com ...,..., 65% .«| ernment expenses and recel ie ™ the tani armen Herrington eom ..... 14% 15 |current fiscal year through 4 com-
‘lin government securities,
.|listed as $308,863,000.
- ++ | under, .{lbs. and over, 22¢; under, 20¢; leghorns,
"| Cash balance 25,662,144, Publie BIAS 76.743. 141.017 237424, Gold ,813 _ 20,618,487,206
for next summer, get you down. Bridgeport, Conn., plant.
THE INDIANAPOLIS TIMES Ark This Next: Sumer. . =.
You ay wot-got much of Sek wat of Sle Vieture now, but you can file the memory of it away 1's pleasant iassurance that you'll be more comfortable when July's sun starts to Post-war electric fans, promised In plenty of quantity by summer, were snapped at G. E.
WALLACE LAUDS U. S. TRANSITION
WASHINGTON, Jan. 7 (U, P.)— The outstanding feature on the home front in 1945, according to Secretary of Commerce Henry A.|8 Wallace, was the “resiliency with which the economy absorbed the ‘shock of the sudden end of the war.” Wallace said in a year-end review that business activity slumped downward in the last quarter of 1945, but that the shift from war to peace generally had been orderly. Production last year, he said, totaled an estimated $196,000,000,000 while national income was $160,000,000,000. Both were slightly below
armed forces could not help but lead to “rising unemployment.”
GATES WILL SPEAK
LAFAYETTE, Ind, Jan. 7—~Governor Gates will be dinner speaker st the agricultural conference scheduled at Purdue university next week. He will replace Dr. W. C. Coffey, president emeritus of the University of Minnesota, announced earlier as speaker. The three-day meeting will begin Tuesday, Jan. 15. The dinner will feature presentation of the Barke} | trophy to the winner of the Hoos fer-Ton Litter club contest, and ggid medals for calf, lamb and colt awards.
MOTIVE DEALERS MEET TOMORROW
Dealers of the Motive Parts Co, Inc, will meet for a conference and
from Longview, Tex, to the New| show tomorrow night in the World operation of blast furnaces, and
War memorial auditorium. Scheduled for 8 o'clock, the meeting is sponsored by Motive Parts Co., Inc, local distributors of automotive supplies, and the R. M. Hol- reach lingshead Corp, Camden, N. J. makers of Whiz Automotive products. Entertainment will feature Professor Whiz, professional hypnotist.
INDIANA NATIONAL ISSUES STATEMENT
Indiana National bank today revealed that the firm has $247,320,000 cash on hand, on deposit and
Capital, surplus and undivided profits were reported as $15,803,000. Liabilities and resources were
LOCAL PRODUCE
PRICES FOR PLANT DELIVERY
Hens, 4'% lbs. and over 3c;
leghorns, 18c; springs, "4a
Poulpry: 19¢;
pared with a year ago:
Yea Last Yea ; $8. 376, 065. 353 Wy 391, 00, 122 33,286,003,275 45 876,354 20 1603, y
+ 20,204, 19,171,784, 4% 28,89
Expenses War spen Reocet
ot Fa a
Limit on Production of Steel Will Settle Germany's Future
y MARSHALL McNEIL Seripps-Howard Staff Writer WASHINGTON, Jan, 7.~The allied control council in Berlin 1s said private concerns would be given | negotiating now to fix’ total German steel production, and thus forge first call on the two giant Texas-to-|the key to the industrial future of that nation. " The decision on steel is regarded not only as the primary means of wants them “public operation on a|reducing Germany's future ability to make war, but it is closely linked full-cost basis may have to be con-| with the settlement of reparations for the allies under the Potsdam
some point between five and eight
AT FARM MEETING]
{a {lion tons per year, including both
The year-end statement of the...
agreement. Before the Big Four council, Russia is recommending the greatest reduction in steel production. The British want the smallest cut, and the U, 8. has thus far taken a position in the middle. The British are reported recommending Germany be permitted to produce 10.5 million tons of steel year. The U, 8S. Is recommending 7.8 million tons; the French, 7 million, and the Russians, 4.6 millions. 5 to 8 Expected But Secretary Byrnes now has available the recently released report of the foreign economic administration, which recommended German steel output be limited to about 5 million tons. And he also has a report from his department's interim research and intelligence report, not yet
“The size of the iron and steel industry of any country,” FEA says, “js generally a good measure of its ability to fight a prolonged war. High steel production in Germany since 1920 has been the result of continuously abnormal condition . (it) has been expanded under far-reaching, long-term plans for war” FEA recommends German “domestic production of steel ingots nd castings be limited to five mil-
carbon and alloy steel.” If also recommends that production in any one year be reduced by the | amounts of any imports. : After other recommendations on limiting -the production of pig iron,
of steel, FEA said: “The controls proposed . . . cons stituté the heart of the entire disarmament plan through their far-
the whole industrial economy of Germany and all of Europe. By the drastic limitation of her iron and steel industry Germany will be denied the basic materials for rebuilding her war machine. She will lose the "excessive capacity through which she dominated the heavy industry of -mostof Europe lacking excess capacity . . . over her minimum peacetime needs, Germany can be restricted to a peaceful way of life.”
INDIANAPOLIS CLEARING HOUSE
Clearings Debits
’ January Shoe Repair Special HEELS ATTACHED IN LEATHER HALF SOLES
Men's 69¢
Ladies’ Children’s Teuthar Top Lifts i Bc
FASTEST SHOE REPAIR °
IN TOWN WHILE YOU 0 RY’
McCRORY'S
766,050,604
reserve. . 20,045,471,81
17 E. RORY
reaching and inescapable effects in|, §
BUNKER HiLL SEEN SURPLUS
SPA Expects to Declare 44 Fields for Sale.
WASHINGTON, Jan. 7 (U. P).~— The navy's airport at Bunker Hill, Indiana, will probably be included in 44 government airports soon to be declared surplus, the surplus property administration has reported to congress. The fields, along with two port terminals also expected to be declared surplus, were built at a cost of &bout' $355,000,000.
Rails ‘Interested
ernment more than $5,000,000 originally. The surplus property act requires the surplus property administrator to report to congress on such war facility disposals where the cost exceeds $5,000,000. SPA boss W. Stuart Symington sald railroads have shown a “wide interest” in the purchase of many
All of the properties cost the gov- | Beet.
. PORKER PRICES
REMAIN AIN LOWER
3400 Cattle.
Hog prices held to Friday's losses of approximately 25 cents in all classes in today's sales at the Ine
" |dianapolis stockyards, the U. 8. ag-
riculture department said. Receipts totaled 10,000. Spotty cattle trade on the 3000 received found prices steady to weak with some sales 25 cents lower, :
The 675 calves and 2550 sheep sold at steady levels.
GOOD TO CHOICE HOGS (10,000)
Tenrenavanres [email protected] seneerannnnne Haun
GOO ©. 0nis rshrrrsssrsirnnis [email protected] MOAI +.uaness bends sssaniinn [email protected] Cutter and common .......... [email protected] CARRE ..x: cnkises anes isn siing 5.75@ 17.50
Bulls (all weights)
Good (all weights) .....cvuuee [email protected] Sausage QOOA ...iviirssrarennnriri [email protected] DESAI ..... 05x ssn 0nses «ee [email protected] Cutter and common .. « [email protected]
CALVES (675)
Vealers (all weights) Good and choice . 17. 4081150 Common and medium . Culls
Yards Get'11,000 Hogs and
Ei es _ MONDAY, JAN. 7, 1948
at 75 mph.
Meetings
$0- 406 pounds ......11.100 Lge *%| Hardware Dealers 400- 500 pounds 13.88 The Indianapolis Retail Hardware — ty ' association will meet B80 pounds .......ovuine [email protected] Wednesday, Jan. 9, at 8 p. m. at the is aa ume Pip Beech Grove hardware store, H. D. 00. 190 naunds .... ...... [email protected] | Rishon. Pittsburgh Plate Glass Co.. CATTLE (3000) will be guest speaker, Steers w—— Chol ; Managérs indir sivas [email protected] 00-1100 Dinas Yerean weenss [email protected]] Charles C. James will discuss 1300-1300 pounds ...-reereree HG 180s| RCENtives, Not a Substitute for jood— : Sp Good Management” at a dinner of = 900° E seewses I ‘a0 | the Society for the Advancement of 8: aves ives [email protected] 1100-1300 Dad Abeapetsnane 1530011 % Management Wednesday, Jan. 16, 13001000 pounds seaniaen [email protected] at the Marott hotel. Mr. James 700-1100 pounds ,.......s.. 13.35@15:50|has been associate counsellor with 1100-1300 pounds ....e..s cress [email protected] Stevenson Jordan & Harrison, Es] . 700-1100 pounds ............. [email protected] | management’ engineers, for 14 years. Heifers ye gst acetate TT TT Revere [email protected] EXPANSION PLANNED 800-1000 POUDAS «.vocnsersss [email protected] 600- 800 pounds cesnvres [email protected] 800-1000 DOURAS ..sssseesss [email protected] BY KRAFT FOODS 00 Medium 1 oXs-. ¥00 pounds srsdassesses [email protected] 500- 900 POUNAS ....ev.irsse [email protected] Kraft Foods Co, are planning to
build. a new sales office and: distribution branch on the southeast
s| corner of Harding -and 29th sts,
according to G. C. Pound, executive vice president of the company. Site of the new structure was purchased from Republic Creosoting Co, through Klein & Kuhn, real estate management agency. : The property has a frontage of 130 feet on 29th st. and a depth of 355 feet on Harding st. Mr. Pound said~the acquisition will enable the company to mod-
+ Self-Rising Glider
GOODRICH BUILDING NEW LABORATORIES
By Science Service A BRECKSVILLE, O, Jan, 7. «= Ground has just been broken near
here for new research laboratories far tha BR ¥ Caoadrich On an a 280.
acre tract of rolling land almost halfway between Akron and Cleve land. Present plans calls for five sepa« rate completely air - conditioned buildings built of gray brick. The ground-breaking was a part of the celebration observing the 75th ane niversary of the founding of the company.
This building site was selected because of its freedom from dust, cross-country electric lines, vibrae tion and noise, It will permit deli cate operations that cannot be care ried on close to industrial or manue facturing operations. The new plant will replace research laborae tories in Akron, where the come pany's first laboratory was estabe lished in 1895.
MINTURN TO HEAD SCIENTECH CLUB
New officers recently named by the Scjentech club include Herbert A. Minturn, president; Cecil EK. Calvert, vice president; E. 8. Hil dreth, secretary; and Arthur. M
hours
A Complete Optical Service
for the entire family. Evening office
Monday and Friday till 8:30 p. m.
Eyes Examined, Glasses Fitted for Those Who Need Them
am
BR, J. C, FAHRBACH
ve Washington by utan by Appointment “Maen
Optometrist ~ 302 Kahn Bldg. * Meridian at
Proofing the aged awhiskey at the distillery,
: 88 years at fine whiskey-making makes this whiskey good
a
Li IPER
There’s nothing secret about the whiskey-wisdom that Hiram Walker puts into every mellow drop of Imperial—it’s simply the knowledge of fine whiskey-making gained through all the years since 1856. But ft does make a difference o you) enjoy.
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Bt Ah At Wt dt pt
Steers ernize completely their sales and|Hood, treasurer. ” Joe Sipura 3 However, he ded . Chole peal oss 13.30@146T8 distribution | facilities in Indian-| New directors are R. J. Kryter, J. Ha ae pr Boye DAVE! £00-1060 pounds ............ [email protected] |8polis, An earlier expansion was|O. Siegesmund, M. P. Crabill, G. B. - choice under a priority estab- Hd es poiiats 2 . [email protected] delayed by wartime restrictions and | Supple, D. E. Chatfield and R. B lished Dy law. 300-1880 pounds ............ [email protected]|1ack of a suitable site. Finley. CHARGES BUTTE! BUTTER Ho-i00 pounds ........... ar@108|[™ Or or § : IS BOOTLEGGED| Ewes (Shorn) ut of eason; : WJHlcAco, Jan. 7 uP 2 ~Owen a 2 $3000. 780 NOT A BIT! Richards, manag Amer- Lambs ean Dairy asociaton, today charge chaps ad sy wid. 13h, AWNINGS ul Was in Chaar antinnny New York and other eastern cities Commas nd good 111111 120031350 Are a Pertinent Subject—NOW! for $1 to $1.25 a pound because of YOU CAN HAVE YOUR AWNINGS Sue Zovernments "<O-Uething yEioe TRUCK WHEAT ERECTED ON THE DATE YOU CHOOSE Richaits urged the 8alry ingustry — = IF YOU ORDER"NOW. - to ask President Truman to name a | yators Saying. S170 per bushel for |§ fact-finding committee to INVeSti-| Morr: sate No. 3 white or No© 3 rod BECK CANVAS PRODUCTS gate the ‘nation-wide butter testing M4 tbe. of B per oudbel and > 3] 3234 W. Wash, St. BEImont 2400 famine. white shelled corn, $1.23. # o . » -
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