Indianapolis Times, Indianapolis, Marion County, 4 April 1946 — Page 16
a ainsi a
OANA ARN 3 LA
vie ” or RE NS I A AN re YE
ors
#
the Arctic to the tropics, has been
with hot water heater, refrigerator, $4000. Besides the 12x20-foot livin
The famous Quonset hut, which snugly housed allied fighters from a prime solution to the housing shortage. This unit was recently displayed at Mansfield, O., by the Stran-Steel division of the Great Lakes Steel Corp. It is a modern, insulated home of six rooms and a bath,
washing machine and full plumbing.
converted to civilian use and offers
radiant floor heater, electric range, Complete cost is less than g room, the unit includes two bed-
‘|Jan. 1.
FIGHT 3 PRICE CONTROL POINTS
House Committee Discusses Subsidies.
WASHINGTON, April 4 (U. P). —Battles on three major issues were in progress today as the house banking committee resumed consideration of .amendments to the price control act. Rep. Jesse O. Wolcott (R. Mich.) sought to win committee approval of an amendment requiring a 25 per cent cut in the .federal subsidy program by Aug. 15, and succéssive 25 per cent cuts on Oct. 1'and Nov. 15. It would call for complete liquidation of the subsidy program by
Other major issues in spate were: Others Disputed 1. Wolcott's proposal to end the price control act April 1, 1947. The administration wants controls continued until June 30, 1947.
"THE INDIANAPOLIS TIMES
up in dealings with thus raising prices in
that the company used cogroion to secure preferential buying
§
“The charge was made by Special Assistant Attorney General Richard ODonnell as oral arguments began in the government's antitrust suit against the food com- , The case was heard in the oburt of Federal Judge Walter C.
Lindley. : O'Donnell said the company “accepted a brokerage with the left hand while refusing it with the
’ O'Donnell’s assistant, Horace L. Flurry, opened the oral arguments by tracing alleged buying practices firm since its reorganizaB 18% and charged the comth a “peculiar notion” that
A&P . The government further contended that the company continued to allow manufacturers to subtract brokerage fees from purchases after
rooms, dinette, nursery and kitchen.
2. The proposal of Rep. Fred L.
By MAX Seripps-Howard
and probably will not be in general
public has gained the idea that all t
War-Born Radar Is Not Yet Perfected for Airline Use
NEW YORK, April 4.—Radar has not been perfected for airline use
Because of the great job accomplished by radar during the war and widespread publicity on its innumerable uses in future flying, the general
B. COOK gC Aviation Editor
use for two or three years. |
he airlines have to do is to install it
YARD REGEIPTS CLEARED EARLY
Active Trade Reported | All Classes.
An active and steady trade completed an early clearing of all receipts at the Indianapolis stockyards this morning, the U. 8, agriculture department said. Some grades of the 625 cattle lost 25 cents, but the 4550 hogs, 300 calves and 100 sheep were unchanged.
GOOD TO CHOICE HOGS (4550)
a court order was issued ordering Butchers velopment for aviation still is prithe practice ceased. They said the| Lao: bag mouar 100101. "i280 14.08 | marily a military function. It has firm claimed not to understand the | 15- 399 pounds keenaviary + 1183 been geared to the military. It has provisions of the Robinson-Patman | 330- 380 pounds ............. 1080@1488 [not been perfected for commercial act. ie use. The practice was stopped in 1040,] 1% 2° "8 is ‘sews P79?! "But CAA, CAB, ATA and some O'Donnell said, when the A. & P. Good es : Lae of the airlines have been making announced it would no longer pur=| 330- 400 pounds ............ 14.10 radar tests for some time and makchase from manufacturers selling Goud 0 pounds ... : 110 -~ |ing progress. A C-47 (the airline through brokers. Mediume~" = DC-3) fitted with APS-10 radar +ODonnell accused the company | 380- 880 pousds ooo ol [email protected]| aq yipment weighing only 170 pounds of setting up a “blacklist” of manu- | Medium to Good— is being used by American Airlines facturers who refused to allow A.| 90- 130 pounds .. - [email protected] | pr experimental flights. It has
& P. their desired discount. He contended that this amounted to coercion of the sellers.
TRUCK WHEAT Indianapolis flour mills and grain eleare paying $1.73 per bushel for 1 ted wheat (other grades on their merits); oa 2 white or No. 2 red Sess, 78¢; corn; No. 2 per bushel and No, 2 — $1.36.
z= 23s
b=
CATTLE (625) Steers .
4 hog . 18 75811.75
700- 900 pounds .......
900-1100 pounds .. re. 18.75@ 17.75 1100-1300 pounds .. . [email protected] [email protected]
1300-1500 pounds Good—
700- 900 pounds .....esseees 15.50@ 16.75 900-1100 pounds .. .. 15:50@ 18.75 1100-1300 pounds ... . [email protected] 1300-1500 pounds .. . 15,[email protected]%
Medium— 700-1100 pounds ..... aesenaes [email protected] 1100-1300 pounds 14.00@ 15.75
Common— 700-1100 pounds [email protected]
rss sananens
Heifers [email protected]
=] q
41k:
GREYHOUND
EXPRESS ST. LOUIS
§ Expresses Daily
Making only two stops. Plus frequent regular departures daily,
MILWAUKEE
§ Expresses Daily
Via Chicago. Also te frequent regular
© DETROIT
3 Expresses Daily
With rest stops at Ft. Wayne and Toledo. Also 8 regular trips daily.
+ 3 Expresses Daily
PITTSBURGH
seanstannaen
‘Stocker Cattle a Calves Steers
13.50 11.00
NORDHOLM JOINS
Ohio st.
Newspaper Union, ing,
Chicago.
1dérstorms, and its range is about
. 16.00 : [email protected] 14.95 13.50
ELEGTROTYPE CO.
Elmer A. Nordholm, recently returned from Chicago, has joined the Electrotype Service Co, 222 E.
Mr. Nordholm was manager of the Indianapolis branch of Western leaving Decem« ber, 1942, to engage in electrotypstereotyping and syndicated publicity cut and mat services in
in planes and airports. This belief, says the Air Transport - association, is not according to the facts. It adds that the public has been oversold and that this is hurting aviation and the airlines in particular. Air passengers who have been grounded because of bad weather or those who have had plane trips delayed because of foggy conditions, continually remark: “I though radar was going to solve all these problems. Why don't the airlines spend some money and install radar equipment. We were told how radar enabled blind landings during the war, how it detected thunderstorms and how approaching aircraft could be positively identified through its use. The war is over and still the airlines and airport officials seem to be doing nothing about it.” The facts are these: Radar de-
proved efficient in detecting thun-
100 miles under ideal conditions, about half of that under normal conditions.
Simplification Needed Airline officials and experts do
combination of many features, it is pointed out.
ligent interpretation of ‘returns’ and
| modities
of any commodity.
not feel that the equipment has mum‘ average price amendment been developed to the point where{would do “major” injury to the general intallation as a safety de- price control program. & vice would be practical. Aircraft accidents usually result from a
Crawford (R. Mich.), to guarantee manufacturers price ceilings reflecting a profit 6n all items. This would include items on which they formerly took losses voluntarily in order to use them for “leads” in the sale of other other products. The committee already has approved amendments to: 1. Require the president to certify at least once a month what comwere being - produced in sufficient quantity to mee} demand. The price chief would have to lift controls on such items within 10 days even if he believed prices would rise as a result. 2. Require the president to report by April 1, 1947, to the congress what items, if any, should continue under price controls after June 30, 1947. He also would recommend which government agency should be charged with exercising these controls, This automatically provides for liquidation of the OPA by June 30, 1947. 3. Abolish the OPA’s maximum average price clothing program which is designed to force manufacturers to produce low-cost goods.
Expect Battle
4. Force OPA to consider actual cost of cotton and wool and to provide reasonable profit in establishing manufacturer's price on such fabrics. OPA presently considers only parity prices even though cotton is now selling above parity. 5. Exempt from price controls any item which was not generally available to commercial or industrial fields prior to Jan. 30, 1942, and which would be used in increasing the life, or reducing the cost of production, manufacture or processing
Wolcott's decision to fight for an April 1, 1847, terminstion of the price control act came several hours after the committee, by vote of 20-3, in effect agreed to extend the act to June 30, 1947. A greater battle, however, was expected pver Crawford's proposals for an item-by-item profit to manufac turers. Rep. A. S. Mike Monroney (D. Okla.) said that this and the committee's decision on the maxi-
LOCAL ISSUES
Nominal quotations furnished by JIndi-
a
ee THURSDAY, APRIL 1, 1948
Marks 30 Years - With Phone Co.
H. W. Eves, district plant engineer . for the. Indiana Bell Telephone Co, today marks his 30th anniversary with the company. Mr, Eves, who will receive a gold emblem for his long-time service, began his telephone career here in 1916. He has been engaged principally in construction and engineering activities, and has held his present post since 1944. He is a member of the Tele~ phone Pioneers of America.
VA EXPECTS MORE VETS’ HOME LOANS
Veterans’ home loans are expected to increase following issuance of new instructions to appraisers and lenders, the veterans administration said today. Printed regulations are now available defining “reasonable value” as “that figure which represents the amount a designated appraiser, unaffected by personal interest or prejudice, would recommend as a proper price or cost to a prospective purchaser whom the appraiser represents in a relationship of trust as being a fair price or cost in the light of prevailing conditions.” Previously, appraisers were required by law to base their estimates on the “reasonable normal value.”
REDUCTION IN PHONE RATES OK'D BY FCC
WASHINGTON, April: 4 (U. P). —The federal communications commission approved telephone and telegraph rate Tteductions during 1945 that will save users more than $50,000,000 a year. The commission said in its annual repor} to congress that biggest reductions were in long distance telephone rates. It said these would result in savings of approximately $40,000,000 a year. Other reductions included establishment - of a flat 20-cents-per-word rate for telegraph service to) Europe, Cenfral America, the West | Indies, Latin America and the Philippines. This compared with prewar rates that ranged as high as 36 cents per word to Europe and 48 cents to Latin America.
H.W. Eves
VOTE NEARS ON MINIMUM WAGE
60c, Base Believed Assured In Senate.
WASHINGTON, April 4 (U. PJ). ~The senate pressed toward a vote today on the compromise plan to raise the national minimum wage from 40 to 60 cents an hour, The compromise was virtually assured senate approval, It had the backing of administration groups who originally sponsored a graduated scale starting at 65 cents and going to 75 cents at the end of four years, as ‘well as others who favored 55 cents for 18 months and 60 cents thereafter,
Still Faces Fights
The senate still faced two and possibly three major fights, however, before a final vote which would send the measure to the house. They involved:
1. The proposal to broaden coverage of the present minimum wage law to cover an additional 3,500,000 workers, principally chain store employees. 2. A farm bloc attempt to attach a rider which would increase the parity price on farm products.
3. A declaration by Chairman Elmer Thomas (D, Okla.) of the senate agriculture committee, that he would push an amendment to prohibit “any interference” by government agencies with margin requirements for trading on cotton exchanges. Thomas and other cotton state senators were aroused by yesterday's government order boosting the margin requirements.. The parity increase rider was tenatively approved last week when Senator Richard B. Russell (D. Ga.) ‘offered it to an amendment carrying the 65-75-cent wage scale. President Truman served notice he would veto the minimum wage bill if it came to him with such a rider. The compromise was worked out by opposing groups as a result
—r
Meetings
Automotive Engineers E. Waldo Stein, military field engineer for the Firestone Tire & Rubber Co, will discuss “Future Use of Rubber by the Automotive Industry” at the dinner of the Society of Automotive Engineers
hotel.
UTILITY OPENS NEW
Utility.
plant at 12:30 p. m. tomorrow will mark the completion of construc- | tion and the placing in operation of the 47 ovens, which replace a battery of 40. The project has been under way since last March. Pro-
duction of both coke and gas will| be increased 17 per cent.
Williams Co.
MALAYAN RUBBER
continue paying 20%
department announced today.
The Netherlands,
31, 1946.
rubber committee. The department agreements were
of that warning.
France and The Netherlands.
April he 7:15 p. m. in the Antlers |
COKE OVEN BATTERY
A new $1,600,000 coke oven battery will start full production tomorrow at the Citizens Gas & Coke
A luncheon at the Prospect st.
RADIO STATION CEILINGS ASKED |
FCC: Reports Many Prices _ Far Beyond Worth.
WASHINGTON, April 4 (U. P), ~The federal communications com= mission revealed today that it is seeking authority frora congress to put ceilings on the prices for which broadcasting licensees can sell their radio stations. “Prom an examination of appli cations for the sale of radio stae tions,” the FCC said in its report on the 1945 fiscal year, “it is apparent that broadcasting licensees are sell«
MONARCH
ing their stations for amounts far in excess of the value of the physe ical assets to be transferred.”
congress for policy” it should follow in consider ing requests from broadcasters seek
The commission said it had asked ‘direction as to the
Guests at the luncheon will be officials of the Wilputte Coke Oven Co. of New York, the Hickmanand directors and trustees of the Gas & Coke Utilify.
PRICE IS SETTLED
WASHINGTON, April 4 (U. P). ~The United States has agreed to cents per pound of natural top grade Malaya *| rubber until June 30, 1946, the state
The agreement, negotiated by the Reconstruction Finance Corp. and
the combined rubber committee, which represents Great Britain and extends a previous agreement which covered the period between VJ-day and March It applies to all Malaya standard top grade rubber allocated to this country by the combined
said similar in forces with
ling authority to sell their stations, . Power Not Clear “Under present law,” the FCO pointed out, “it is not clear whether the commission has either the duty or power to disapprove of a transfer merely because the price is inordie nately high.” High prices paid for radio stae tions, the commission said, might explain attempts of ‘‘brokers and promoters” seeing to “traffic” in broadcasting licenses. The commission's annual report also revealed that the sale of radio time by the major networks and 875 broadcasting stations during the 1944 calendar ‘year amounted to
26 per cent over the previous year, “In addition,” the report said, “these nefworks and stations received $28,959,079 in 1944 from the sale of talent and other incidental broadcasts, an ‘increase. of 47 per cent over the previous year.” In general, the report said, radio stations reported a substantial ime provement in the results of opera tions during 1944. The average ine come of the large super-power, 50,« 000 watt stations during 1944 was $496,247, an increase of 24 per cent over 1943.
TELEGRAPH SERVICE.
American Cable & Radio Corp. to-
high-speed customer - to - customer telegraph service on a contracted | timed basis will be established; sub- | ject to approval of the federal communications commission. Known as “contract timed service,” the new set-up will permit a customer in New York or Washington to communicate with his correspondent in London through a direct teleprinter connection. The minimum charge will be $10.80 for
Ind & Mich Elec “2% pid “
LEADING FIRMS OFF
NEW YORK, April 4 (U. P) —~A| drop of 3.7 per cent in the 1945 net!
corporations to $4,968, 808,000, from | $5,159,734,000 was reported yesterday by the Natiohal City Bank of New York.
out in {its monthly news-letter, “1945 was a year of smaller volume | than 1944, both in output and in| dollar sales, reflecting the cut-back |
it's quite possible
COINSURANCE can : lower your rate, permit ‘| you to carry MORE insurance at no greater cost. Ask us for complete details.
|| against $62,963,857,000 on Jan, 1,
on the Jan. 1, 1945, net worth was 7.6 per cent, compared with 82 per
CLEARINGS UP IN YEAR NEW YORK, April 4 (U. P) — Bank clearings in 24 leading cities for the week ended April 3 rose 27.8 per cent over the corresponding 1945 period in the widest year-to-year gain this year, Dun & Bradstreet, Inc. reported today. Tran-
$10,174970,000 a year earlier. In.
amounted to $11,800, 680, 000.
m1
“1s a Business Ally
income of 2806 leading American J
“As a whole,” the bank pointed 5
1944. The average return last year
Zjjcent in 1944 and the recent peak || —— : id of 9.2 per cent registered in 1941,
sactions for the latest week aggre-| | gated $13,004,140,000 compared with |
the previous 1946 week clearances |
Choice— Indpls P& Lcom"........5.. 1 S00- 300 pounds 33.50. Li is still unable to give a clear cut jadpis P&L pid .. Rm -, nas . A i Cy» picture that can easily and quickly | Indpls Water Class A com 50. 21 22 300-1050 bounds j2%03:32% be identified,” says Gen. Milton 1Eapis Reilaasa tom rH Medium. Arnold, executive vice president of | Kingan & Co com ............ ° ” -1 unds HERS 3.75010. 25 K t Choice an LY ‘sorted .... 15.7 the Air Transport association, Lin fo &'sis pid ..... % SHEEP (100) Te Lincoln Ja Life com ......... 69 Eres (Shorn) BHOrY COME vo vc aususne 35 A m: Herrington com ..... Good and choice ........... 1475815 0 REPORT INCOME 1]3 Ne AlgriieWn wm .,..- 132 13 Common and medium ..,.... 6.000 7.00 [Nay ome Sum Pe SD i . v 5% 13
Ny Be com . Pub Serv of Ind 5% Pub Surv Mt Ind com ool com So “Ina G. => 8 48% pid. .... Stokely-Van- Camp Bt : 21% 2 Stokely- -Van Camp com ....
Terre Haute Malleable ...... 8's This Year Last Year 8 Machine com ......u... 3% 4 |BExpenses $ 52,018,927. 945 § 74,270,952,271 United Tel Co 8% .......... 99 «vv. {War Sp’'nd'g. 41.650.815,505 67,595,643,708 Union Title com ........ees. 33% . | Receipts 33,337,103,755 34,858,383,319 Bonds Net Deficit... 18,681,720,180 39,412 568.451 American Loan 4'%s 55 ......97 . | Cash Bal 22,117,035,496 14,802,792,134 American Loar 4s 60 ..... 97 Li '|Public Debt 274,506,182,338 235,016,436,951 | Buhner Fertilizer 5s 54. ..... 98 " {Gold Reserve 20,255,319,385 20,418,565,160 of Com Bldg 4'2s 61.. 93), | Citizens Ind Tel 4%s 61......103 “es INDIANAPOL 18 cu CLEARING ors | Columbla Club 1'%s 58........ 79 via. |Clearings o $ 6,086,000 onsol Pin 58 56... ........ 29 J Debits eee
Hage P&L 3's 70 | Indpls Rallway Co 58 57 ..... 94 97
16.25 {three minutes and $3.60 for -each ) sent-day rad 1 ies dealers: Be 1650| In landings, no present-day radar|anapolis securities Somers: o ,. 4lodditional minute when the speed scope gives the three essentials of | sgent Fin Corp com .......... 0% ] ti f the circuit is 30 | 5 13.25015.00 altitude, range * and bearin (or! Agents Fin Corp pid ......... 19 20 of operation o e circut 1 i Common — Ar 2 8 Amer States fd : 24 25 ord inute. Proportional rates 500- 900 pounds .. 11.00013.25 ro-di pid ...... “ words a minute. po a p D azimuth). Only a two-dimensional| Amer States cl A 33 ee harged § : t 60. 45 Cows (all weights) ict { ible. Also it is im-|Amer States cl B:; 53 . {will be charg or service a h i saxeenes 1L0GM0] PIC pe 2 posti'e. ASO I ISM 'S Avies 4%% pid 10744 and 25-word rates. The press rate Custer” and RE 85001100 | Possible to pick out one mountain BE Bi dom ee . 3 33% {1 be one-fourth the regular Oana yo gi: 2 | 139{DeAK of a range, experts say. Belt R Stk ¥ .®@ ...|charge and the rate to the United “Bulls (all weights Bombers ‘and fighters followed a |Bobbs-Merrill Th 5 td wees) Beef— Bohbs-Merrill oon States and British governments one- | a al weights) ....... 4 [email protected] | set pattern during the war and| central Soya com ....... ® |half regular. 00d Seueriiiieiseinioniis i Bei radar could be applied efficiently. Gisele, Thester com : ti aire a UI eee 1 In commercial use added simpli-| Cons Pin Corp pfd : £8) ’ Cutter and SOON ox 110.75 fi i i Delta Electric Pn, "es 18% CHEMISTS T0 CHECK 300 cation is necessary if it is to prove " CALVES ( ) , Electronic Lab com ... 87 T% Good and choice . [email protected] | practical. Ft Wayne & Jackson RR pid 102% 106%: GERMAN PROCESSES Common and medium ....... 11. [email protected]| «Radar is still in the stage of the|erff- Jones Co cl A ptd ...,.. 1 : lls 11.00 tist iri i i Hook Drug Co com ........ 2% : WASHINGTON, April 4 (U. P.).— Feeders and artist, requiring trained and intel-|Ind Asso Tel Co 2 pfd oe: 53 sis’ | The Uiited States government ‘has
32% assigned 11 chemical experts from U4 | American industry to investigate | developments made by the Germans! it was se |
{in the chemical field,
8% closed today. 10 Information gathered by the in-| 1% vestigators will be released to the 151, | public after screening by military |
authorities for security purposes.
ANNOUNCE DIRECT |
NEW YORK, April 4 (U. P).—|
day announced a new overseas com-| munications service whereby direct, |
|
| FOR
CLUB CHAIR
U.S. STATEMENT
WASHINGTON, April 4
20c; and over, 30c; under, 22c.
28¢; no grade, 25¢ =
| A
18¢; roosters, 16¢; ducks, 5 Ibs. and over, light, 15¢;, geese, 20c; capons, § lbs.
© Current receipts, 54 Ibs. to case, 20c; graded eggs, A large, llc; A medium, |
t duct The decl | nd Asson Tel &o 38 18...44 4 of war production, e decline in|Indpls Water Co 3'as 68:...104% 108 volume, together with increased Kner Facking Co 45 801100, LL Listen ts wage rates, rising material prices | Pub Betv of Ind 3 3s 75.... 1084 110 and othér cost-increasing factors, | Tub Tel 4%a8 88 o.oo... wre depressed pre-tax earnings. Part HY Williamson Ino $8 86 ... 98 ae ‘BUSINESS HIGHLIGHTS” of the drop, however, was absorbed | _Ex-dividend oy by the resulting decrease in federal . Te LOCAL PRODUCE Weer Lynch, Piarce, Fanner & Beans The net worth of these 2806 lead- : : FOR PLANT DELIVERY ing corporations, it added, was $65,- podiry. Rama, 4 io, saa over, ae; Every night inni der, 19; Le, 1 ings, 581,462,000 at the beginning of 1045, | under. 1%; Leghorns 18c, Apringl to Monday through Friday
| |
We are pleased to announce
Have Rejoined
‘ "Frank L.
(Formerly Lt,
end Robert F. Yenne Wormerly Capt, AUS)
and Arthur M. Ramer {Formerly Lt., AAF)
Has become associated with us
Indianapolis Bond and Share Cory.
3% E. MARKET ST.
Reissner AUS)
Our Organization
(U, P.).—Gov{ernment expenses and receipts for the 2'2 | current fiscal year through® Agyil 2, com32 pared with a year ago: +
WFBM—10:45 P. t
that |
For 53 Years a Furniture Store “In Present Location
RUMPUS ROOM SUN ROOM - LAWNS & GARDENS | PORGHES & PATIOS
Whether it's a picnic in the soft glow of sundown,
or a lazy afternoon
find a wonderfully
to fit the mood at Hartmann's.
Relax! Enjoy California Redwood Furniture
$924
Other Pieces Available, but Not Shown CHAISE LONGUE .. $29.95 GIN RUMMY SET .. $45.00 3-SEAT SETTEES..$49.95 BAR & 2 STOOLS .. $89.95 ia UMBRELLA TABLE. ..$14.95
ah g
Stewarts Radio, Inc.
spent in the garden . . . you'll complete selection of furniture
$246,339,532, an increase of almost ;
BARBECUE SET 3-Pe.
CKTAIL TABLE
58-50
See Us for » Complete Radio Repair