Indianapolis Times, Indianapolis, Marion County, 20 February 1947 — Page 25
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inner
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Profit or Loss
« ‘often represents the difference be-
May Determine
Hoosier Completes
., By PETER EDSON NEA Saft Writer
Eric Johnston Makes | AS OO, re home.
Pled to Government By NED BROOKS
L Seripps-Howard Staff Writer to Purdue of
WASHINGTON, Feb. 20. Short rations are ahead for the nation's
millions of movie fans unless for- years.
eign countries adopt a more generous view toward American-made films. When Bing Crosby croons, or Marlene Dietrich displays what made her famous, or Mitkey Mouse performs his antics on your neighborhood screen, it's because moviegoers in London or Paris or Timbuktu are helping to pay the bill But the foreign market for American movies is being threatened by increasing number of new trade barriers, Eric Johnston, president of the Motion Picture association, said today.
And if your favorite star can’t{of the archives building ,or they've perform abroad with a dubbed-in crawled into the
French, Spanish or Portuguese voice, there's a danger .you won't hear him in English, either. “No leading motion picture producing country,” sald Mr. Johnston, “can operate profitably if its output is confined within*a domestic market. The industry of any country depends on mass markets of the world.”
Talk With 18 Nations
Foreign markets in past years have provided from 35 to 40 per cent of the American industry's production costs. For many indus-% tries a 10 per cent export business
tween profit and loss. Mr. Johnston, former president of the U. 8. Chamber of Commerce, has appealed to government authorities, now preparing to deal with 18 other nations on the removal of trade barriers, to do something for the film industry.
one can determine, he is the last to leave. This week President Truman asked congress to dbolish the authorization for, hiring dollar-a-year men. WOC's Gone Too If there are others besides Mr. Batt, they're either lost in the files crac of the marble halls. All the others have long since folded’ up and gone back where they came from. Af one time there were supposed to be 536 dollar-a-year boys around the place<and one dollar-a-year woman—Alice Marble, the tennis champ. She had some kind of an advisory job around the Office of Defense, Health and Welfare Committee—whatever that was. In addition, there were more than a thousand W, O. C. Yes, W. O. C. A WOC. is no relation to a WAC unless the WOC happens to be married to or has a daughter who is a WAC. A WOC is a government adviser who isn't worth a dollar a year and therefore works With-Out Compensation.
His Last War Job *|
Last Dollar-a-Year Man Going Home; Foreign Market Bill Bats Federal Earnings Top $6.50
ington | {
with-out-compensation boys got so thick around Washington that they were considered a column. Sixth Column Activity The old Truman committee finally investigated them and War Production Board Chairman Don Nelson had to put out a traffic regulation, telling them what they could and could not do, so they wouldn't get in everybody's way. That sent a lot of thém home mad. Others got fired because they were no good. Some got sent on missions to the dog house—which was London. Still others went home disgusted with government. They came down here full of patriotism, and nobody appreciated them. But not Bill Batt. He stayed on to see her through. He moved his family to Washinglton and they moved in on Wash-
——————————————————————
sort of sixth fils Washington
Bill Get Around There is no space to record all
He ended the War as vice chalrman of WPB, But he didn't go home. Instead he became vice chairman of civilian production board. That agency likewise folded under him, but he had another job as chairman of the inter-agency policy committee on rubber. It was only when he recently completed a big report on that subject that he decided that he really must go home. Mr. Batt was decorated by the British government on one of his junkets abroad, and his own grateful American government hung a medal of merit on him a while ago. It hardly seems enough. After all, as a dollar-a-year man he has earned only a little over $6.50.
quota increased; who have found draw the biggest cut.
Russian Films Lack Popularity
the exhibitors, American films crowds, want it
Next Tuesday he will file with the committee for reeiprocity information a detailed account of how the! 18 countries are treating American movies. result through mutual tariff -cutting | agreements when the trade officials meet in Geneva in April.
British Have Quota Plan
Unfortunately for this country’s film industry, no direct horsetrading on movie markets is possible. United States restrictions on film imports are almost negligible, which accounts for the $15 to $20 million a year now gging to British producers as against their former “take” of about $3 million. If the American movie ‘industry wins more favorable treatment
abroad, it probably will mean that|covery—is trying to unblock the! | Good to Cholee—
our negotiators will have to make some concession oh an unrelated) item. The United Kingdom has been the best outlet for American films. It now imposes quotas on distributors and exhibitors. These require that at least one-fifth of the films shown must be British-made. British producers want their
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Czechoslovokia, whose theaters
Cattle Prices
jare under government monopoly, {recently agreed to admit 80 Amer-
years. The government's rules require 60 per cent playing time for Russianmade films. But American preducers say. the Russians haven't been able to supply them and the fans stay away in Groves even with free tickets. Several Latin-American countries have imposed higher duties and new forms of taxes on U. S.-made films. In Europe, the riatibmaliza- | tion trend has spread. “Thus, at a time when the United | States—in the interest of world re- |
| channels of mutually advantageous | international trade, we find an opposite tendency aboard.” Oppeses Counter-Restrictions
Apart from its economic importance, he said, the film industry contributes “two great by- -products 13 it helps create a market for other American goods and | American ideas and ideals.”
{by this country {restrictions with similar tactics.
“New restrictions against inter-
jorigin,’ he said, [tern others inevitably will follow,
others.”
Industrial Club Here To Present Six Forums
Indianapolis starting at 7:30 p. m. Monday at the Y. M. C. A,
William N. Thompson,
common problems in industry.
it conveys Choice—~
Mr. Johnston opposes any action :j3ge"is0, to meet the foreign goa
(change of films regardless of their “will set a pat-
to the ultimate detriment of our motion picture industry and all
“The Foreman and His Job” will Good be the theme of six forums to be |Medium presented by the Industrial club of Susur and COMmMOn ..........
The meetings will be conducted by |g... industrial counsellor. Their purpose is to instruct: foremen on how to overcome
active trade at the Indianapolis stockyards today. Top price was
He hopes concessions will, ican films within the next two gon 5
| There was little change in steer and heifer prices in a less active trade. Vealers again lost a full 50| So cents while sheep and’ lambs were steady on limited supplies.
. GOOD TO CHOICE nos (3875) Butchers !
| 240- 2% 290- 300 300- 330
330- 360 Medium— 160- 320 pounds Packing Sews
270- 300 pounds 300- 330 pounds 330- 360 pounds .. 360- 400 pounds ....
Good— 400- 450 pounds ...... weuers 23.00 50 450- 300 pOUNAS ..veevvevene 22.50 23.25 Med
tom — 250- 350 pounds Slaughter Pigs 90- 120 pounds ............ [email protected] CATTLE (1273)
700- 900 POUNGS ....iveonn... [email protected] 900-1100 pounds .....se.0v0. 23.00@ 1100-1300 ~ POURS. «ccnn sere 2 e031 00i0f the various crafts on residential!
POUNGS. . cvs rensans
| 700- 906 pounds 200-1100 pounds ..... 1100-1300 pounds 1300-1500 pounds
| Medjum—
HEIFERS :
‘Bulls (all weights) Beef— Good (all weights)
Hogs Rise to $27.50;
Common and medium ........ 13.006 26.50 Hog prices gained 50 cents in an] Comey and Hedin 3208128 20
| Feeder and Stocker Cattle and Calves Steers
erate vials 3014.00
700-1100 pounds......eoeeee. [email protected]
Wiratath 15.25@ 15.75 | PAred With a year Your
creas avin vas We vai 15.00@ 16.00 | Receipts
Steady
1825 18.25
17.00 17.00¢
Plan Construction Labor Survey Here
group of contractors,
else ‘wanted—Mr. Batt| CHICAGO, Feb. 20 (U. P). —
|for development of atomic energy EE ay its military uses, it was disclosed
18 in Holy Land
JERUSALEM, Feb, 20 (OU. P).— The Iraq Petroleum Co. pipeline— which carries oil from the rich flelds the Euphrates valley to the Mediterranean at Jafla—was ruptured at two places in north PalesThe U. S. Labor Department's |tine today in a new outburst of un7s |bureau of labor statistics will de-|derground violence. termine amounts and kind of construction labor month by month in the Indianapoils area, it was aneens anne [email protected] | nounced today. The survey is being carried out with the cooperation of a selected|jump throughout the Holy Land, reinforcing their security measures
Huge wn
Construction will begin this spring on a mammoth: midwestern center
for industrial purposes and research
today. Mulii-miilion dollar Iahoratories, comprising one of the major U, 8. atomic centers, will be built on a 3645-acre site 26 miles southwest of Chicago. The disclosure was made by Farrington Daniels, chairman of the board of governors of Argonne Na-
operated by the University of Chicago in conjunction with 24 other
spring on 12 major buildings and will continue for three years, The laboratory will engage in research and development in all phases of atomic energy.
Families to Move Dr. Walter H. Zinn, laboratory director, said acquisition of the site
center would insure the atomic energy commission and the people of the United States “a strong cenment of atomic energy.” run “into the millions” and that 1300 persons, including 100 from ihe army, would be employed at the project. Mr. Daniels said 450 acres in the over immediately. The rest of the
where possible, he said.
pation of the land, Mr. Zinn said. Oil Pipeline Cut
Aviv and Haifa, ’ .
[email protected] byilding will be combined with simi- Curb Alien Dollars
lar statistics from other cities. Busi-
from month to month,
Information on the employment ang searching for troublemakers,
estimate the changes in labor supply
NANKING, Feb. 20
1100-1300 POURGS ....cevenenss [email protected] | $108.1%04 | : Local Produce 700-1100 POURAS. .....icernres [email protected] 800-1100 pounds - [email protected] PRICES FoR PLANT DELIVERY
aed aul, Hens, 4% hs 1d over, 23c; a er, soft mea 600- 300 pounds ............. [email protected] 300-1100 pounds .......l.l 2.50833 50 | hic kins, 3oc: cocks and stag. 30; No.2 o as 900-900 pounds ............ [email protected] Butterfat: No. x nis, oh 3s case, 300- 900 pounds ............. 13.00016.00 | SC; $73de A large, 3c: medium, 34c; 80
cago, where its facilities now are Bohta-Merrilh 44a 4h% pid.
located. ' Argonne is one of a series Central Sova com bom o of atomic laboratories which Will be |Comwith Loan 4% pid... ...
established in the U. 8. It will be|Conselidated hairs a Je a
and construction of a permanent 3
ter in the Midwest for the develop- 4
Ul He said construction costs would
cénter of the site would be taken 1 site willebe acquired by negotiation }
Condemnation proceedings will In be taken only as a last resort. Four|n or five families will be required to|Pub move this summer to permit occu-
Underground forces armed with mortars and small arms attacked a royal air force camp between Tel
British army units were on the
| (U. P.y—] China may ask the Uhited States | and other foreign governments to pay their embassy and consulate staffs with Chinese dollars, it was reported today. The move would tend to limit the circulation of foreign currencies, which have become
tr Net Income 4 Utility Plans to Expa
a share for common stock. Operating revenues were “$27,318 for 1945, “Growth of the company's business since the war indicates a need for further expansion of plant facilities,” the report stated. "New Construction Planned “In December, 1046, thé peak demand on the system reached 332,500 kilowatts, compared to the high-
Local’ Issues
: fo He a the pa Phe ei bad been the md vie Nominal quotations furnished by Indie PITTSBURGH - BOUND — [ghost writer and the first thing any- |atomic energy hi a] wolls securities deniers Washington society will miss . body knew, Bill Batt, the industrial- would be purchased with federal William L. Batb—and his fam. [ist. emerged as a flaming lberal.|funds. a Agate Pin Corp ee il When the ghost writer got pro- Move From University Amer}, ve ily, too. American States cl A.iceeerne ; moted, Mr. Baty's speeches changed| Argonne will move to the new La 8 Ayres 44% Did-....o... 200 208 Anyway, the dolr-a-year and (in nature, but not in number, «ite. from ‘the. University of Chis ih Ba ae Cou assesses
Bobbs-Me!
Cons Delta Electric com .....ovs-- 15 16% Bl fc Lab com %
ectron 3 Ft Wayne & on RR pid.. . 9
31% Indpls Billvan com «» ants Jeff Nat Life com ....ccvessve 15% 17
Kingan & Co COM ....ovveesvy 4% Kingan & Co PI ...eo...v0ee . n 8“ Lincoln Nat Life 5% pfd .... 50% 62 Lincoln Loan Co §% pid.. ell
Mastic Natl Homes N Ind Pub Serv 5%
Public Servic 2
Announces New Stock Distribution
A net. tncome of 5,181,621 Was reported todey in the annual state:
To Occupy 3645 Acres ment of the Public Service Co. of Indiana. The net is equivalent to $34.54 a share for preferred stock and
+++. | $7,800,000.
$% (shareholders of record on Feb, 11,
Caheatie Hsute Malleable ...... 8% 9% . »
«100% & oe 5
Asso Tel C 75. ,.000: Investors Telephone 3s 81. k ubner . 99 N Ind Pub Serv 3%s 105% 1634 Ind 3 Terss 107 Pub 4 BB vv iaeeshes 97 ME rac Term Corp 58 57 ...... 91 100
od Facies, Ta
8 1m 1946, compared. to $37,001708
for, wardsport generating station additional 40,000 kilowatt : electric generating unit and two
ity of 400,000 pounds per hour. At the Dresser
installed. This
"'|scheduled for completion ‘by he | INDIA *:+* latter part of 1948 and will require|lesrines
the expenditure of Spprosimawly Stock Distribution .
program for the distribution to the holders of its common stock of the shares of common stock of its sub-
midwestern universities. 91 Ine. Under the program, this stock It replaces the wartime metal- |Herfiones of AD ooo. 3% 132% |will be distributed in Neu of cash lurgical laboratory at the Univer-|ind Asso Tel 503 Pid. .eins... 40% $1% dividends on the common stock. A os els re ind "hin "ee Tin” wa. Lam iii a ipa) aie pik ol » | P com ....N.... of ca 1 gr usin will begin this|jadpis F& L 4% Tia 110% Gag & Water Co. on each share
is to be made March 1, 1947, to
1047.
steam boilers each having a capac-|~
generating station |1 a steam boiler, having a capacity of 300,000 pounds per hour, wil bel construction
“The company has commenced |
sidiary, Indiana Gas & Water Co.,|§
of common stock of Public Service Co.|#%
....| A contribution of this qidrierly ; Merton Semen eon 5 $2 Sialrate will result in distributing over} 92 per cent of the Indiana gas stock|§ 20% (by June 1, 1949, if the outstanding
Asaueuiiesranans aie Woks ng stan an
EE a.
N ind Pup Betv com ..een D, 2 OFY COMA ....cuveves Ja ia Laundry Com sivas 2315 2514 | RUMber of shares of common stock spub Serv of Ind com ...... 4% 4é%jof Public Service Co. remains un *Pub Serv of Ind 32% .... 96 96a od. Ross Sear & Tool com ...e,. 31% .... chang jo Ind CG 43 dyueesddll 112% - Stokely. yan Camp ye 22 A Stokely Va: Van aadivs + 31% 23% ~ v
°°
PROPERTY MANAGEMENT
» Dwellings » Apartments # Store Rooms #® Office Buildings
We secure tenants, negotiate leases and collect rents. Repairs and maine tenance supervised, if desired. We remit income monthly.
Fletcher Trust Company
N. W. Corner Pennsylvania and Nak Sts.) INDIANAPOLIS, IND
a serious black-market problem.
MEMBER FEDERAL RESERVE SYSTEM MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION
NO. 2 SIZE GALVANIZED TUBS
Made of heavy gauge steel.
CHER SERRE ary Sy aE 14.00@15 frogs. ime U.S. Statement Ee U0 I een 2.008 3.75, WASHINGTON, Feb. 20 (U. ¥.)
current fiscal year through Feb,
La Yoh +433, 300,99
Medium . .... .eeeeiies [email protected] |Surplus ...... 391.4 Cutter and medium . [email protected] | Deficit ...... 18, 954.072.8317 CALVES (523) Sash Bal. .... 5802,073,061 25.793,500,5 Debt lash 439,142,814 278.306.276.988 Good and choice ............. [email protected] Gord Res. .... 20,744,897,922 20.234,164,190
~Gavernment expenses and receipts for the P 18, com-
726 $44,979,408, . 25, wed 881 26, WAL, "362
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