Indianapolis Times, Indianapolis, Marion County, 26 March 1947 — Page 15

oman

that she would :

ignity. Which, d the doctor all hat he repeated eant business, ) was with one it, who was in him what was vealed his good t anyone—even ea -woman- to that. Hearing shed the doctor He landed on

women weren't ard was placed ly morning the ght figured out

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goach with it's stop. Soon as r, she went to ; north. While A moment later straight for her,

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a concentration there ought to princess .except

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Business 3g

Plant at Pittsbur

_ WEDNESDAY, MARCH 26, 1947, _

Opens New Field Of Chemical Wonders

Lumps of Coal Are Turned Info Gas And Gasoline by New Process

By Scripps-Howard Newspapers

PITTSBURGH, March 26.—A n brought to the coal industry by th and gasoline, The process, be carried out in a plant which will

ew era of chemical wonders will be e turning of lumps of fuel into gas

to be used by Pittsburgh Consolidation Coal Co. will

look like an oil refinery,

3h is s an application 4 to 3he coal industry of the fluid technique of

Federal Income

Hits Peace Peak

Total Near Wartime Record Set in 1945

§ WASHINGTON, March 26 (U.P). WGovernment. income is running at the highest levél in: peacetime hisjory and nearly at the record high stablighed in the wartime fiscal . year of 1945. Here are some significant points

" In the Sovernmeny's present fiscal

ONE: ‘The current year, fiscal

1947 ending this June 30, will prob-

ably be the first since 1830 in which the government winds up with a surplus of cash over expenditures. _ TWO: The present surplus of $2,367,000,000 is the highest in the history of the country. THREE: Despite the elimination of excess profits taxes at the out- - set of calendar year 1946, and a small cut in personal income taxes, net income of the treasury in the fiscal year to date is almost equal’ to that of the Smiparable period last year, FOUR: There now 1s no deficit; olin the corresponding period last * year there was a deficit of $18 billion. FIVE: Spending by the government in the fiscal year since last July. 1 totals about $28 billion. In the like period of the previous year, spending aggregated some $50 billion. SIX: In little more than a year the government has cut the public debt from more than $279 billion to $259 billion. More ~ employment than was dreamed of at this period, risking production and the constant demand for consumer durable goods are some of the reasons why federal income is breaking all peacetime records.

Fair Board Hikes Home Show's Rent

Like most other prices, the ml

dianapolis Home Show's rent of the

Manufacturers building at the fair- |

grounds went up this year. The state fair board upped the price for 40-days’ use of the building from $1500 charged last year to $5000. The board said the increase was | in line with current price trends |

‘and suggested that the show sell in November, 1945, when the Pitts- | telephone building at Marion apmore concessions space to pay the Burgh Coal and the Consolidation | ‘proved for the Indiana Bell Tele-

difference. Home Show officials balked at the increase at first,

but later decided to accept the price The Sportsman's show recently paid the fair board $4430 for a 13day program in the building.

IC bss

U. S. Plans to Foster New Coal Wage Pacts

WASHINGTON, March 26 (U. P.).—The government today planned | an early attempt to promote new | wage negotiations between the soft | coal operators and ‘the United Mine Workers (A. F. of L.). Informed quarters said an invitation to both sides probably would | be issued by next week-end. The government was not expected to act, however, . until . completion | of a court order refunding $2,800,000 of the original $3,500,000 contempt of eeurt fine assessed against the

"strike. Mp .The union petitioned for the re-.

‘fund yesterday, in accordance with

the supreme court decision to re-|,

duce ‘the fine if the union would ‘withdraw its March 31 strike deadline. V

Truck Wheat

Indianapolis flour mills and grain elevators are paying $2.74 per bushel for new No. 2 yellow

and No. 2 white, oats testing 24 pounds

No. 1 truck wheat;

corn, $1.70 per bushel, $1.76 per bushel,

“or better, 86c per bushel; No. 2° yellow soybeans, 14 per cent moisture, re, $3. 90.

. GRAIN DEALERS MUTUAL AGENCY, I ING

“| Jersey includes four major steps:

catalytic cracking of oil. : Pirst, the coal must be gasified, thus made into carbon monoxide and hydrogen. This produces “synthesis gas.” The ‘synthesis gas” goes into a hydrocarbon’ plant that can put the two gases together, forming a certain. .proportion of liquid fuels and also gas of high heat value. Four Steps Getting coal into the new form is a matter of juggling hydrogen and carbon atoms around. Coal is a complex substance containing mostly carbon and hydrogen. Natural gas is another combination of carbon and hydrogen, and so are liquid fuels, such as gasoline, diesel oil and fuel oil. Alcohols are combinations of carbon, hydrogen and oxygen. The new process to be used by Pittsburgh Consolidation in conjunction with Standard Oil of New

ONE-—-Run-of-mine coal of any size is crushed to fine particles and conveyed to a tank for drying and | blendings. TWO—Coal; steam and oxygen then are brought to a temperature

Rests With Court |

Transit Fare Fate |

Jurist Waits Ruling By Higher Authority

The ‘fate of your yellow trolley fare stubs“will hinge upon a de= cision of the Indiana supreme court. The hearing in- circuit court. here on the petition of the Indiana Railways, Inc, for an injunction to prevent. the public service commission from interfering with the recent ' increased. fares, was completed late yesterday. However, Special Judge Burns said he would not hand |

_|order was valid,

down a decision on the permanent {injunction until the supreme court | issued in circuit court last August. The temporary injunction permitted the transit firm to increase fares from four tokens for 25 cents to three for a quarter,

Money Held in Escrow More than a million dollars collected by the transit firm on ihe increase is- being held in escrow pending final adjudication. “My ruling on the permanent injunction will be based upon ‘the findings of ‘the supreme court on the temporary order,” Judge Burns said. ‘He pointed out that virtually the same type of facts were presented in the hearing -for a permanent injunction as was presenfed in obtaining the temporary order last August. Bookkeeping Challenged In other words if the supreme court rules that circuit court had jurisdiction ‘in the temporary injunction last August and that the it will mean that throw away your yellow They would “be

you can token coupons.

of 2000 degrees. ina generator, thus forming carbon monoxide and hy- | drogen, plus a considerable amount of carbon dioxide. THREE -- Carbon monoxide and | hydrogen are combined catylitically under pressure and temperature to form liquid hydrocarbons and gaseous hydrocarbons. FOUR—The liquid and gaseous hydrocarbons are separated, the dioxide removed from gaseous hydrocarbons, and the resultant highheat gas is stored in a gas holder ready for consumption. The liquid hydrocarbons are - separated in a fractionating tower, producing gas= oline, alcohol, diesel oil and a small amount of heavy oils. Starting Material Natural Gas The conversion of carbon monoxide and hydrogen into gas of heat! value already has been done by Standard at Baton Rouge, La. that plant the starting material is natural gas, which is broken down into carbon monoxide and hydrogen. The next problem to be solved is! the gasification of coal into carbon | monoxide and hydrogen.

be erected here. Pittsburgh Consolidation Coal Co. s the world’s largest ¢oal company. It is less than two years old.

| Earnings Top $5% Million It produces 30 million tons a year, more than 5 per cent of the nation’s coal output. The company's earnings topped $57: millions in 1946—Iits first full | |year of operation—despite two long | |coal strikes. Pittsburgh Consolidated was born |

Coal Co. merged Today the $128-million firm op-

according to J. erates 43 mines in four states— The Sealed Power Corp., RochesFrank Cantwell, managing director, pennsylvania, West Virginia, Ohio ter, gained approval for a $587,000

and Kentucky. Its unmined coal |

addition to its foundry. | resources are estimated at 1% bil-| More than $1 million worth of lion itons. {construction applications were

|amortized over 15 years, the losses | would be reduced.

t “MARKETING FARM PROD-

This is] by Roy D. Bundy. the task of the new pilot plant to] y y

worthless. If the supreme court dissolves the injunction, you can cash in the coupons for six and a fraction cents or use them for rides. Transit firm = officials testified that the company’s deficit for 1946 would be $473,000 if it were not allowed to keep money from the increased fares. Public service commission attorneys challenged the {firm's bookkeeping system to operating costs, contending that if depreciation was

The following business books are now available at business” branch, |

| Indianapolis public library, 150 N.| Meridian st.:

UCTS,” by Geoffrey S. Shepherd. “HOW TO ORGANIZE AND MANAGE A SMALL BUSINESS,” iby Nelms Henry Black. “WHAT PRICE SUPERVISION,”

“SPOTLIGHT ON LABOR |UNIONS." by William J. Smith. | “KEY TO A FASHION CAREER,” by Bernice G. Chambers.

CPA OK’s $2 2 Million For New Construction The civilian production adminis=tration approved more than $22 million worth of non-residential construction in Indiana during the week ended March 20. Top project on the list was a new

phone ‘Co. The building will cost

$975,000.

Floyd | §

‘rules on the temporary injunction|

MECHANICAL NEWSBOY —You just drop a nickel in the slot and pull your favorite newspaper -out of this new vending

machine; It is the invention of Arthur” Sawitke, above, Cleveland tool and .die maker, who made this model by hand in the. basement of his home.

OPA Closes Books On Most Violators

‘Promises to Fight General Amnesty

WASHINGTON, March 26 (U. P.). OPA is ready to scuttle most of its remaining “legal actions against price violators, it was disclosed today. ,Over-ceiling charges of up to $3000 probahly will be forgiven. OPA will fight to the end, however, against any move to grant a general amnesty, ’ Under present plans the agency would abandon charges against “minor” . offenders, dropping up to 60 per cent of the- 13,000 pending cases involving commodities now decontrolled. Big offenders, however, would get even closer attention. Enforcement of rent, sugar and rice regulations, still in force, is in no way affected.

* Dwindling Staff, Funds

William E. Remy, OPA enforcement chief, said .the plan was dictated by dwindling staff and funds. He hopes congress will give its nod, at least informally. A bill to kill all OPA prosecutions on decontrolled items has been introduced in the house by Rep. Oren | Harris (D. Okla.), Mr. Remy denied, | however, that his plan represented an attempted compromise.

actions with our curtailed staff and budget,” he told reporters. He said it might take two years to handle the major cases alone. =

Prove Lucrative Job

Prosecution. of the big offenders should prove a lucrative job for the government. Approximately 150,000 previous OPA actions have put $64 million into the treasury through treble damages and, in criminal cases, fines, Pending cases--including some of the war's biggest—will net more millions. This and the fact that big-time offenders included some of the worst war profiteers were cited {by Mr. Remy as arguments against a general amnesty.

Local Produce

PRICES FOR PLANT DELIVERY Poultry: Hens, 4), Ibs. und over, 29c under, 20c; Leghorn hens, 20c, soft meated chickens, 25c: cocks and stags. i6¢c: No. 2 poultrv. 4c less than No Butterfat: No. 1, 60c; No. 3. 57c. Eggs: Current rece.pts. 54 lbs. to case,

Pittsburgh Consolidation has 18,- denied. 300; 137348 -4-atae,- 385; -ediuin,- 346; 00 412 employees with an annual pay- | ~ roll of more than $36 million. Sales| ° ne omer vem vougre in 015 Cattle Prices Strong Here million last year. ’ George H. Love, president of the ° s i company, was one of the guiding olice Oo S ring ® (hands behind the merger. He : {started in the coal industry in 1926 Cattle prices were strong at the Indianapolis stockyards today, {with the Union Colleries Co. In|with the top for choice lots at $27.50. Vealers were up about 50 cents 1933, he became head of the fi P ame head 0 e firm while _hogs lost a quarter. Receipts were 6975 hogs, 1675- cattle, 400 [and 10 years later joined Consoli- | calves and 625 sheep. ; - ation. . simmer Medium ang good ........... [email protected] Chairman of the board is George GOOD TO CHOICE HOGS (6975) Comm LLY [email protected] IM. Humphrey, president. of the| 15. 149 VE unm [email protected] | Good and ncn (Storm) 8.50 M.- A. Hanna Co., Cleveland, which 140. 160 pounds cen orie res 2318621 30 | Common and medium ..... 6.50@ 7 nn - f o0@ a (4) J "ewe—————— [has acquired by the Pittsburgh firm | {80- 200° hounds a1 21.78 | fix months after the merger... -o | i: fi founds ...::::::- 445 Local Issues earch program, 240- 270 pounds ‘ 27.00 27. 35 | : . nd its. pilot plant is in the hands 270- 300 pounds 2878 el : JP , 300- 330 nds’ .....e0 3 0826 g0 — = NER Yor dar Movers COBY GI TOs ep Bi TEE a nm kb A oT iota wig ion go ntl - i io¥ 5-ploRser-taat-tmiiin: Morgan ut a ho AApOLis. secur re. ; . 0” Pounds ames 15@2% 25] STOCKS Bb town, ‘W. Va. “.. Packing Sows ln . > Asked to Choice— - 270- 300 POUNAS. Su .rerrers "[email protected] | AFORE Fin Gorp com 2%" 300- 330 pounds ........... 23.75 24.35 | : ! 3 J po American States cl A.. Tees es auran 2 en 330- 360 pounds . solos. 3 30224.00 L 8 Ayres 42% pfd.. o : oa 400 pounds ...seeeeee., 2 | “Ayrshire Col com’ 18 . pe = *Belt R Stk Yds com ., 35% bef Ww 400-480 pounds .....ees.... 232862375 IBERR FE YE 2 pid : ear arning 150: 150 pount's rus 33.00@3375 | gophg.Merrill com... 1s CHICAGO, March 28° (0. PY) 70+ 550 pounds isons, 10062 | central Sova com... 387% Restaurant operators were told yes-|' Sisughter Pigs dl ae Rp LE [99% 108 terday that .they must utilize ail] ‘> P°Un9% [email protected]| rl lidatde Industries com . va % CATTLE (1675) Consolidawed Industries pu, 3% 4 their resources and skill to compete |chotee— ° Cons Pin Corp pfad 97 or 700- ounds [email protected] Delta Electric Om 14} 15% bor Soar eons Sustorors 900-1100 pounds 343003750 Electronic - Lab com hi i 2% In a e aays o 8 -1300 pounds : Ft Wayne & Jackson RR n y e spending 1300-1500 Donnas [email protected] Hert{-Jones cl A pid ' ® Va binge are over. jood- d . “2.00 24 w 1Hook Drug: Co com ‘ 51 - pounds, “i.eaeaveines A nd Asso Tel C 2 p viearyey 49 Walter F. Clark of Seattle, Wash, | 200" 700 DD eausassaverss 32.00 50|1nd Gar A Wat “iri a president of the National Restau-|1100-1300 pounds aed 33.50 35 00|+Ind & Mich E L 4% pid “rg rant association, told the organizad|iteqiam . 0 nos freer =i {1ndple PF & 1 com pri tion's convention here that “we are| 700-1100 pounds ........... 10d 2% 30 | Indianapolis Water pfd... definitely in a buyer's market.” Co On IDES revivenunn : 9%! rndpls Water cl A com........ 4 vy > "ioe 700-1100 pounds [email protected] Indpls Railways com ........ The high ratio ‘of labor costs to p nerens . 1 Jefl Nat Life 00M ......xeer sales, he said, is the most .con- Choice a po So Bingan & Copia rd 3 - Pounds i.iivhviiies . \ / founding problem that the industry| 60-1000 pounds -..,.:.. runs 3380g0e 00] Lincoln Nat Lite 34 > 00 0a has ever faced. Good-- Marmon Herrington com TY 8% i 600- 800 pounds ......ee.... [email protected]( prociic Asphalt y b en | 800-1100 pounds ......eeine [email protected] | not) Homes com 13 : TE Medium. N Ind Pub, Serv. 5% .. # 43. 900 pounds ......eecs0. 17.00@ 21.50 N ‘Ind Pub Serv com mmon-- rr A 3 . PAJA 500- 900 pounds ............ [email protected] BR Mallory com n * Progress Laundry com ....... 25 ; Cows (all weights) Pub Serv of Ind com “....:.. 442 pS mabe Ibe RY CIO vk aes, 15:3018.00 Pub Serv of Ind 32% 97Y Medium by 14. 90 15.50 Ross Gear & Tool 2 om ? For Michigan, Indiana, ‘IIi- || Cutter: and common cies 101 31 400185 tnd G & E.4.3% pfd 112 ’ Canner : 10. 000 11.7 Stokely-Van Camp pfd 229, nois : to handle national" wo: Bulls (all weights)’ 5 Stokely-Van Camp com ..i.. 21% f - Beef— Terre Haute Jsleable Phares 93 branded well known pajama Good (all weights) ........ [email protected] ga Machine eon... 2% 2 “ . @) 0 “en and short line exclusively. BaYsage— 14300 16.50 Union Title com ...,... oy * MOAIUM gpa 50@14. Cutter and mbdium . [email protected] BONDS Substantial drawing and com= CALVES (100) American ‘Loan 4%s.- 60....... 97 mission with t Good oa Sholoe at pC 3 oa 00 BN aes Td, an n 0 +» }iCommon and medium ....... [email protected]| Buhner Fertilizer 5s 54...... , Pportunity to Culls (75 pounds up) ........ [email protected] [Ch of Com Bld as 61..... earn at least $10,000 a year is Feeder and Stocker Cattle and Calves’ Citisens tnd (A es fas 61.. Steers - offered for the man thorough« _}| chotce— bi : 500-800 POUNAS =: vuuininsini 18. 50020.00 21 ly e rienced and with prov- 200.1080 pounds ......seev.s [email protected] Hoo fer Crown 5s 56 . 3 - 9 a ‘en ability, who can develop - 800 pounds ............ [email protected] Jap an A Alum s 3 106% 101% » f ~ -1050 pounds careaianaie [email protected] pis Ruilvays Co Jog... th al 0" - this area. Prefer man with |i 560; AS .eeeeiiiol [email protected] Ba gee ww ¢ AAS : ne ackin 0 45 ans ' car. Reply to box No. 480, The || 500- 900 pounds .. .... tal [email protected] Rr hry 3) Tae tonal / Abia pl Fos 98....100 109

THE INDIANAPOLIS TIMES

[tion totaling $775,000 a year last

Souney to ask the power and light

to him yesterday for perusal by

“We just can't dispose of all these Coe

Tyndall OK's Power Rate cut

Approves Proposal * Of City Councilmen

Mayor Tyndall today indorsed the proposal of city councilmen to ask a further reduction in electric power rates here from the Indianapolis Power & Light Co.’ The councilmen proposed the rate cut on the basis of federal excess profits tax relief which the company had in 1946. This shot its|. profits up more than $1 million over 1945 net revenue. The company made a rate reduc-

June at the request.of Governor Gates on the same basis. Seek Rate Reduction Councilmen, however, contend (that this amount does not reflect {the full tax saving by the utility. | More of the saving, they said, should |be passed on to the consumer. Mayor Tyndall expressed the view that the city should seek the rate reduction on the ground that the » ty did not realize last June the [full extent of its federal tax saving. “I think it proper for ‘the

any to make other reductions,” }- So an “But I do not believe the city should say: what the reduction should be. ; . ‘Studiés Formal Draft “That is the function of the public service commission.” A The mayor was studying a formal draft. of the proposed rate-cut. request from the council. It was given

Council President John Schumacher and Herman E. Bowers, council's finance chairman. To be decided before presentation of the request was the method of seeking the cut. The councilmen as well as the mayor felt that the city may petition. the public service commission, in which case hearings would follow. : '46 Shows Profit

Another possibility which has been considered is the presentation of the request directly to the company first. The request was drawn after the utility's financial report for 1946 showed a 1946 profit of $3,361,221. This was $1,139,877 more than its 1945 profit. gq

U. 8S. Statement

WASHINGTON, March 26 (U. P.).— Government expenses and receipts for the current fiscal year through March 24, compared with a year age;

Ye Last Year Expenses + 358, 378,649, 112 $49,610,306,287 Receipts . 31,160,608,305 31.689,881,653 Surplus ...... 2,781,9569,19% eH a. 17,920, 419, 633 Cash Bal. .... 8, 211, 146, 421 23,642,364,066 Pub. Debt ....259,171,605,58 276,573,400,631 Gold Res. .... 20,427,317,527 20,233,414,423 INDIANAPOLIS CLEARING HOUSE Clearings ....ic..oveee pessivaens $ 7,508,000 DebItE. .. rice stsrririnnarnes 18,450,000

KEEP HEAT INSIDE IN WINTER... OUTSIDE IN SUMMER ‘WITH COLUMBIA METALITE

Custom made with off-white enameled metal slats that are so easy to keep

clean . . . the enclosed headbox that hides all working parts. Automatic stop,

quiet operation. These sizes now in stock:

23 by 6! size, 5.90

25 by+6! size, 6.49

- a

You may order any other size at 59¢ sq. ft. (3 to 4 weeks' delivery).

27 by 6&1 size, 6.49 29 by 61 size, 7.08

39 by 6! size, 10.03

BLOCK'S Draperies, Fifth Floor

31 by 6! size, 7.67 -

33 by 6! size, 8.26

* *

THE CAPITOL CITY SUPP

* 0 - ...Indiana’s Nationally Accepted BEER! ¢ : This is Battle Creek, Michigan! Here and everywhere—from coast to coast—Berghoff is a favorite choice of discriminating beer drinkers. There's a reason . . . Berghoff’s better taste gives added pleasure.

Berghoff’s “better” taste... a distinctive, full bodied, “all beer’ flavor . .. is the result

of an old and proved method of brewing better beer! The formula hasn't changed since 1887 . . . only choice, carefully selected ingredients are used . . . and, naturally, only the most modern and sanitary brewing practices are good enough for the beer millions prefer. * You'll find Berghoff in bottles or on tap at your tavern, package stove,

- favorite club or restaurant. Ask for.st first chance you get . experience the pleasure so many of your neighbors know and enjoy;

‘BERGHOFF. BREWING CORPORATION, FORT WAYNE, INDIANA D : '

. and

GE Rie SOR gi