Indianapolis Times, Indianapolis, Marion County, 9 August 1946 — Page 10

a 2 y =

INATOG WEEKS

Continued Shortage Would Repeat Strike Story Of Last Winter.

By JAMES THRASHER NEA Stat Writer NEW YORK, Aug. 8-—Another crisis is looming on the industrial horizon, just when everything seemed to be going nicely at last. This time it isn’t strikes, although strikes are an important indirect factor. It's a shortage of steel scrap. Only about 3 per cent of the steel industry's open hearth furnaces are shut down now, But if the flow of scrap continues at the present poor rate mill inventories will be virtually gone in four to six weeks, American Iron and Steel institute officials predict. Strike Story Would Repeat Such an eventuality would naturally affect all manufacturing dependent on steel from locomotives to common pins. A continued shortage would repeat the steel strike story of last winter—unemployment,

. i “a

ortage Threate

"THE INDIANAPOLIS TIMES

ns Steel Ind

ustry With $

Cog . ha Jeet Tu

By JOHN SHEA NEA Staft Writer

' ‘CHICAGO, Aug. 9.—Preston Tucker says the contraption he hopes to build at the rate’ of 1500 a day by sometime next year will cruise at 100 miles an hour, given highways that can take that sort of speed, Boyish, bow-tied Tucker says his projected new car, the Tucker Tor pedo, will go a lot faster than t. “You've got to have speed to sell cars to red-blooded Americans,” says he. And while he's aiming at 1500 red-blooded American customers per day, he says he can break even if he can make and sell 167 Tucker Torpedoes a day. Leases Plant To do it, he has leased the former Chicago-Dodge plant on Chicago's West side—a 475-acre, $170,-

buy for more than $50,000,000. Back in Detroit, the eyebrows of old-line automotive bigwigs are raised to a skeptical altitude at Mr. Tucker's ideas, probably because of the troubles that have beset another new starter in the business who had revolutionary ideas about | automobile manufacture and, like| Mr. Tucker, went to work on them in an ex-airplane factory. But he

has been mixed up with the in-

retarded industrial recovery, further | qustry since he was 13 and while

swelling of unsatisfied consumer de- | mand, and another serious infla-|

tionary threat, To understand the shortage it is necessary to understand, first of all, that the steel industry must feed upon itself in order to exist. By the open hearth method, which produces about 90 per cent of our steel, scrap and pig iron are used in approximately 50-50 propor- | tions. Electric furnaces use almost all scrap. ¢ Principal Causes The principal causes of the shortage are these: . 1. THE STEEL STRIKE. During last winter's two-month shutdown little scrap was used, of course. But there was also little production of scrap. Steel-making ls somewhat like cookie-making. The dough left over after the cookies are cut can be gathered up, rolled out, and made into more cookies. Virtually the same process goes on in the country’s steel mills, which provide about two-thirds of all the

“Thour.

“mission, drive shaft, and conventional rear axle — and

scrap used in making new steel. 2. THE COAL STRIKE. Shortage of coal resulted in a drastic curtail-

ment of pig iron production. Con-|thirds as much as other cars of business and industry was back in

he’s not surrounded with the big names of automobile row, he does have associates who know their way around in that field.

To further skepticism at his

| plans for mass-produced highway | | meteors, Mr. Tucker answers that

he will build more safety into his cars than he builds speed, He has

designed some revolutionary brakes

he says will stop his new car in less than 100 feet at 90 miles an Fenders will turn with the front wheels, headlights will follow the direction of a turn.

Power Goes Direct to Engine

Power goes direct from engine to wheels via hydraulic torque converters that eliminate clutch, transdifferential

800 pounds weight. The six-cylind-er, 150-hoursepower epgine will be set between the rear wheels. The car will have a 126 -inch wheelbase, will carry six passengers. Doors open out and. up to clear curbs and will extend into the roof so passengers can egt in and out without stooping.

Automotive Engineer Designs Car to Cruise At 100 M. P. H.; Hopes to Build 1500 a Day

Tucker Torpedo, drawing board version: Fenders will turn with the front wheels, so will the headlights, says this car's creator.

000,000 factory that turned out B-29% i501 types, but Mr, Tucker figengines during the war—from the|,..s by the time he makes a few war assets administration for the|.s the new cars the public won't next five years with an option tol

be frightened by it, at least not at speeds less than 100 miles an hour,

Experiment In Field

Like his car, Preston Tucker is a bit on the spectacular side. But essentially he is a solid combina[tion of engineer, executive and | salesman. His experience in autos began at [13 when he learned something of | engine and chassis design as an office boy for the vice president in charge of engineering for Cadillac, He moved to Ford in 1921 and | had a look at foundry, production |line, shipping and receiving, in- | spection, electrical installation and | wiring, shop, railroad traffic and lumber grading. He shifted to sales with Stude|Dakes, Chrysler, Pierce Arrow and (Packard. During his stretch with {Packard in Indianapolis he worked closely with the late Harry Miller, who developed racing cars which won 14 out of 16 events they entered at the Indianapolis speedway.

Designed Gun Turret

In 1938 and ’30 Tucker designed and patented power-operated gun turrets used in planes and tanks, a gun control stabilizer, a fire control interrupter for planes and high speed combat cars. : His wartime royalties on the gun turret alone weuld probably” have run more than $100 million—if the government hadn't confiscated the patents. Mr, Tucker got around $200,000. He now has a plant at Ypsilanti, Mich., making production jigs and fixtures for the auto industry. Mr. Tucker is a neat, personable

The car will weigh about two-

sequently larger charges of scrap | comparable size and power and will

were used in making steel. 3. STRIKES IN THE

TRIES. Factories which use steet are a source of much trimmed and leftover material. This source is obviously shut off during work stoppages, 4. LACK OF NEW STEEL PRODUCTS. Steel, coal, automobile and other strikes have added up to

Hence the country is full of motor little change from yesterday's market.

vehicles, railroad eguipment, farm machinery, household utensils and appliances, which normally would

have been in the hands of scrap 130- 140

dealers or steelmakers long ago.

SCRAP. This potentially large source is only a trickle because of prohibitive shipping costs and delays.

5. LACK OF tial are

6. HOARDING. This is a minor

and problematical factor. It is felt| 330- 360

that some scrap dealers may have held back shipments when the fate of OPA was in doubt in the nope of higher prices. ceilings on scrap have been reinstated and confirmed. Supply Precarious C. M. White, president of Republic Steel, sa¥s, “It now appears certain that the scrap supply situation at steel mills is even more precarious than in 1942, when it was necessary to inaugurate a national campaign to procure steel scrap.” But another such drive is unlikely. The steelmakers’ best hope is to awaken other industrialists to the urgency of the situation in the hope that they will release all available scrap, :

However, OPA |

sell in the medium . price field

(fellow. - His one departure from

| the early twenties when he went off

on an aerial barnstorming act. AUTO- | The model is a sort of outlandish{ At Monroe, Mich, the parachute MOBILE AND OTHER INDUS- | looking thing, compared to conven. man refused to jump. Mr. Tucker

Preston Tucker: The part he

holds is for the car that ‘isn't built yet.

lost a flip of a coin and baled out himself. They picked the pieces off the top of a freight car, and Tucker spent some time in a hospital meditating on the virtues of a strictly business career. Mr, Tucker is 43, and a native of Michigan, where he has his home at. Ypsilanti. He has two daughters and three sons but, like many fathers, he isn't sure about their exact ages. Wife Vera, however, sup plies these statistics: and 19, sons 20, 17 and 14 He is a dog fancier, charity is providing seeing-eye dogs for blind veterans of world war II. He owns three cars, a '42 Packard, a '42 Nash, and a ’36 Pierce Arrow convertible which is his favorite. He saw this on the street in New York and promptly bought

Daughters 22| nq

His favorite | nan!

REVEAL CORNER ON ALUMINUM

Paper Says Veterans Have Tied Up Sheet, Tubing.

, Aug. 9 (U. P).—

"| CLEVELAND The Cleveland Press said yesterday

that a nationwide corner on the surplus aluminum sheét, plate and tubing supply has been “virtually” accomplished by a small group of veterans and distributors and that the federal bureau of investigation now is ‘obtaining evidence on the transactions.

The war assets administration here and in the other 32 regions in the nation has scanned all veteran priorities for the purchase of such material and has specifically banned sales or delivery to four firms and three individuals, according to The Press. The firms and persons involved were sald to be located in Dallas, Tex., Wichita, Kas., St. Louis, Mo., and Wallace Idaho. Made Ineligible The WAA said in a memorandum that “until further notice veterans certified as brokers in sheet aluminum will be considered ineligible buyers and no orders for veterans certified as brokers are to be filled.” The memorandum added that certifications from veterans “felt to be legitimate warehouse operators or distributors may continue in force.” All regions were ordered by the WAA at Washington to report the “full situation in your region in respect to sheet aluminum sales to all buyers.” The Press said it had been informed by John Carroll, WAA enforcement chief at Washington, that his office had a considerable file on the activities of such a group of veterans but did not know what the department of justice might be doing in the matter.

By Science Bervice WASHINGTON, Aug. 8.—Meochanization has hit the drive-in tav-

ern business. A design for such an establish ment, in which the patron would not necessarily see an attendant at all, is the subject of U.’S. patent 2,405,294, just issued here to Anthony W. Delucchi of Stockton, Cal. The plan calls for ‘a two-story gircular © building, with parking spaces centering spokewise upon it. In between each pair of parking spaces is a sort of little kiosk, connected to the second story of the building by a sloping shaft,

In the upper’part of the kiosk

Drive-in Tavern Mechanized By Buzzer-Button Service

loudspeaker, and posted on its outside is the menu,

The patron drives his car alongside, presses a buzzer button to get the attention of the waiter up on the second floor, and phones up his order.

As soon as this is ready, the waiter places the tray on a little car in the sloping shaft and lets it down to the waiting patron, who takes it out through a door in th side of the kiosk. i When the latter has finished his meal he replaces the tray (with, presumably, a tip for the unseen waiter) on its little car, which is hauled back up the shaft and trans ferred to the dishwashing depart-

are an intercom microphone and

Call Human M

By WATSON DAVIS Director, Science Service WASHINGTON, Aug. 9.—The reactions in human minds all over the world are more important just at the moment than what happens within the atomic bomb. Psychologists have just offered the expert opinion that the idea of national sovereignty does not have such a strong hold on the American people that it would stand in the way of international control of atomic energy. It is true. A committee of the society for the psychological study of social issues reports, that “national sovereignty” is a cliche, a pat phrase or a stereotype. But it can be changed when, as In the case of atomic energy and its possibilities for destruction, it no longer gives assurance of

strength and security. The psychologists argue that in-

Indiana Stocks and Bonds

STOCKS

Agents Fin Corp com ........ Agents Fin Corp pid ... American Loan 42 55... American States pfd .... American States cl A American States cl B . L 8 Ayres 4%% pid... Ayrshire col com ...., Belt R 8tk Yds com..... Belt R Stk Yds pfd... Bobbs-Merrill 4% pfd Bobbs-Merrill com .... Central Soya com Circle Theater com .......... Comwlth Loan 4% pfd Consolidated Industries com .

Consolidated Industries pfd . 43% 5% Oons Fin Corp pfd .......... Sp... Delta Electric com .......... 17 19 Electronic Lab com ........ . 4% 5% Ft Wayne & Jackson RR pfd.103 107 Herft-Jones ¢l A pfd ........ Ha... Hook Drug Co com ......... 25 - Asso Tel Co 2 pfd ....... 52 sae Ind & Mich Elec 4%% pid..110 112 com :

Indpis Railways com .

it—from a departing Englishman who sold it without reluctance.

Progress Laundry com

Mominal quotations furnished by Indianapolis securities dealers.

"| Hoosier Crown 5s 56

* | Investors Telephone 3s 61 .... **| Kuhner Packing Co 4s 54 .. ‘IN Ind

Jeff Nat Life com . 13a ... Kingan & Co com .... 6% 7% Kingan & Co pid .. . 94 7% Lincoln Loan Co 5% pid ....100 ite Lincoln Nat Life com ........ Ta 82% Marmon Herrington com. 12% 13% Mastic Asphalt .............. 9 10% Natl Homes com ............. 9% N Ind Pub Serv 5% .. sk 111 P R Mallory com ......e000.. 32%

Pub Serv of Ind Pub Serv of Ind 3 Ross Gear & Tool

Union Title com BONDS

American Loan 4%s 60 Buhner Fertilizer 5s 54 ...... Ch of Com Bldg 4's 61 .....

Citizens Ind Tel 4s 61 Columbia Club 13s 6s Consol Fin 5s 66

Indpls P&L 3%s 70......... Indpls Railways Co 5s 57 .... Ind Asso Tel Co 3s 75

.X sss red 106% 106% russ 107% 108%

b T= We H J Williams Inc 5s 55

TRUCK WHEAT

Indianapolis flour mills and grain elevators are paying $1.86 per bushel for No. 1 red wheat (other grades on their : corn, No. 1 yellow shelled, $1.70 per bushel, and No. 2 white shelled, $1:75;

More Important Than A-Bomb

4 | ment expenses and receipts for the current ith

ment.

ind Reactions

ternational friendship and understanding can. be cultivated, that neither war or peacefulness is inborn in man, that liking and trusting of other peoples as well as hatred can be learned.

STATE COAL OUTPUT BEHIND 1945 FIGURE

TERRE HAUTE, Ind. Aug. 9 (U. P.) ~The Coal Trade association of Indiana sald today that July coal production in the state slightly exceeded the June total. However, C. C. Lydick, managing director of the Coal Trade association, said total coal production for 1946 was lagging due to work stoppages in April and May.

LOCAL PRODUCE

PRICES FOR PLANT DELIVERY Poultry: Hens, 4% Ibs. and over, 25¢; under, 22c; 1946 springs, friers, broilers and roasters, 4}; Ibs. and over, 30c; Leghorn springs, 27c; roosters, 16c; ducks, 10s; Jonas, 10¢; No. 2 poultry, éc less than o. 1. Eggs: Current receipts, 54 Ibs. to case, 30c; graded, eggs, A large, 37c; A medium, 3lc; no grade, 25c. Butterfat: No. 1, 67c; No. 2, 64c.

U. S. STATEMENT

WASHINGTON, Aug. 9 (U. P.).—Govern-

fiscal year through Aug. 7 compared A year ago: s Year st Year ,315,533 $ 10,737,009,345 3,047,998, 761 3,384,189,702 771 3 785,372 883 39,673

on re

267,494,246, 20,265

$ 7,815,000 19,861,000

A Complete Optical Service

for the entire family. Evening office hours Monday and Priday till 8:30 p. m.

1 SATURDAY AFTERNOON | TILL 5 P. M. f

OK RECORDING OF PHONE CALLS

FCC Rules Practice Must Be Done Openly.

WASHINGTON, Aug. 9 (U, P.).— The federal communications come mission ruled yesterday that the recording of telephone conversa tions is 4 right—if it is done openly. The commission added, however, that notice should be given to al parties to a conversation that a recording device is being used. An

WH {

FRIDAY, AUG. 9, 1948.

A ———————————————

automatic tone warning repeated ag |

regular intervals, should be used, the FCC said, This notice should be supplemented by placing stars in the telephone directory against the names of subscribers with recorde ing attachments, it added.

The FCC also directed telephone companies and recorder manuface turers to put on a publicity came paign to educate the public to the meaning of the warning signal, In hearings on the problem, tele phone companies opposed use of records. They said that there are still people who don’t recognize the dial tone and couldn't be expected to understand a recording signal,

The FFC ruling was in the form

hutdown

A ER

of a proposed decision. Objections ’

may be held up to Sept. 20. Prohibits Use Telephone company rules ION hibit use of recorders—but some 20,000 have been sold ‘to business houses and government agencies. The phone companies said they ignored the situation during the war for patriotic reasons. The navy department last year joined manue facturers of recorders in proteste ing the ban. Principal manufacturers are Soundscriber ' Corp., New Haven, Conn.; Dictaphone Corp., New York and Thomas A. Edison, Ine, Wes Orange, N. J. The Bell system held that pose sible use of a telephone conversa tion by unauthorized third parties

is an “invitation to sharp business |

practices, the malicious spreading

of gossip, the perpetration of cruel |

practical jokes and even blackmail” Manufacturers pointed out thas

the phone companies have no ob- i

Jections to “party lines” and are

glad to supply earphones for secre taries to take down their bosses’ conversations. They termed ree corders “modern companions of telephone service.”

oats, testing 34 pounds or better, 68¢c per bushel

DR.

Evenings by Appointment

H. C. FAHRBACH Optometrist 302 Kahn Bldg. Meridian at ‘Washington MA-0662

FRI

7 A

ta YS ( N ADDS WOMEN

radford Als For Attack For Pro

By NOBL Judge Judson L nominee for | oing to join force p of the regula ine in his fall « He made this c efore the Rept uncheon club at esterday. Judge Stark was bitter primary cs denounced tt ounty Chairman nd James L. I] ounty chairman v holesale liquor b “I am intereste e entire Republ annot see that |

OWER BY . ENERG

p n on

ic energy power our times as mu oal-burning plan rate power at a ost, two scientis ay. Dr. J. A. Hutch ector of the West laboratories, and anager of the V ral station engine aid that the app! nergy to the pro wer is “much ok ost people think They estimated tomic-powered lant to provide s t $12 million. St uld supply the ity of 300,000 pop! efined natural ur team at a sligh coal. “Technical prob problem hich must be tomic power plar actical,” the sci

SOUTHSIDE FURN

FEATURING

Hog Prices Climb $1 H og Prices Clim ere, Cattle R in About Stead Hogs were a dollar higher at the Indianapolis stockyards as cattle our shortage of new durable goods. | remined about steady in a week-end cleanup. Vealers and sheep showed GOOD TO CHOICE HOGS (5025) Medium-— Butchers 50-900 pounds ees resenen [email protected] pounds ........s.s. [email protected]| 500- 900 pounds ............. [email protected] 140- 160 pounds “ 3 Bund) Cows (all weightey ? 160- 180 pounds . 23.75 a ows 180- 220 pounds [email protected] | O00 Eran eh [email protected] 220- 240 pounds . 23.75 23.90 | Medium Cen ve rene ea ay aa [email protected] 240- 270 pounds . 2318023 88 | Cutter and common .......... [email protected] 270- 300 pounds ver BIQA3B5 CANNBP ......convcisiivininnn 7.00@ 8.25 300- 360 pounds + [email protected] Bulls (all weights) her | Medtum - | Beef— ,Other | 160- 220 pounds ............ [email protected]| Good (all weights) ........ [email protected] | Packing Sows Sausage— Good 10 Clholce— CHOU. civiiierierineiions, [email protected] | 270- 330 pounds ..... 21.00G21.75| Medium Cee liiiisiineas [email protected] pounds .. 21.00@ 21.50 | Cutter and common coe. 8.50@1095 BS pounds .. [email protected] CALVES (230) | ood Good and choice . . [email protected] | 400- 450 pounds [email protected] Common and medium ........ 12.506 1850 | I 350 850 pounds ...:...... 20.00420.95 | Culls : sate : [email protected] edium-- 1 k 3 3 | FS aa) POURS. orien 17.50919.75 | eeder and Sigeker Catile and Calves { Slaughter Pigs Cholce— Medium to Good 500- 800 POUNAS .....eeeneens [email protected] 90- 120 pounds . .- 19,006 20.50 0. Laie pounds ...seseeevens [email protected] ao ¥00d— Chale CATTLE (600) 500- 800 POUNAS ....oeeenesss [email protected] 700- 900 pounds 19 sa 00 220-1080 Pounds .oeeeseeseses [email protected] -11 pounds + 10.50@ 28.00 > | 1100-1300 pounds 20.006025.00 S8-1008 pounds ....evevvvene [email protected] | 1300-1500 pounds ............ 20.006 25.00 | = Goo p $25.00 “500- 900 pounds ..... . 11.50@13,00 700 900 pounds ......eee... 17.006 19.50 SHEEP (1175) 900-1000 pounds .. .« 17.006219.50 Ewes (shorn) 1100-1300 pounds .. ves [email protected] | Good and choice .......... 5.00@ 6.00 1300-1500 pounds .,.. « [email protected] | Common and medium . 4.50@ 5.00 Medium ~ | SPRING LAMBS 700-1100 pounds «...eeviecss [email protected] | Choice (closely sorted) ....... 22.50 1100-1300 POURME s0useiveisas 11.75 Goad ARG CROCE ..svvoevisies [email protected] “ommon — edium and goxd ............ 15.00@ 19.50 700-1100 pounds ............ [email protected] | Common .; 8! SEPT Ie ERS are 12.000 1470 Heifers | | Cholce— { 600- 800 pounds ............ [email protected] MALLORY PAYS DIVIDEND 800-1000 pounds ............ 185002250! The board of directors of P. R.! Googe Sigh nk 18.50] Mallory & Co, Inc. has declared a - KB svesnsnnnnes 506 3 iv ies Dounds 16.506 18.80 | dividend of 20 cents per share upon |

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