Indianapolis Times, Indianapolis, Marion County, 1 April 1947 — Page 9
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TUESDAY, APRIL 1 1, 1047 _
Business— o a
American Position In Latin America
Se, kn
Is Reported Good
‘Good Neighbor’ Policy Failed to Click Due to Different Conception of Term
—
Thé author has just returned from a four-month trip around South America, Cuba and Mexico, during which he traveled 14,000
Dilles,
By FREDERICK OECHSNER Scripps-Howagd Staff Writer WASHINGTON, April 1.-~The American position in Latin America is good, politically and economically, but it can be improved. “We spent millions of dollars thefe during the war and in pursuing
the “good neighbor’ policy. What questionable,
it got us in terms of good wil] is
Generally, we are respected, and a little feared, but
those reactions differ with each country.
The mere fact that we are neigh. bors, In itself doesn't create or maintain cordiality, In Argentina, & man explained i ibid that the concep tion “of “neigh- § bor” is not the | same for most @ Latins as for us, | A neighbor might #
whom one didn't meet or greet for years. The social unit is the family. However, in addition to what we already have done and spent, and in addition to the stake of several billion dollars which we have ine vested giving employment to many people, we are working in other ways to bolster our prestige and our influence, : U.S. Program Praised Our efforts in public health, food supply, and education in co-opera-tion with the various local govern ments, are costing $22 million, They look worth it from a political as well as a humanitarian point of view. The program is praised gratefully everywhere. There was less agreement on the program of “information and cal-
Mr, Oechsner
ture” run by the office of inter-|. &
national information and cultural affairs of our state department, but that, too, is unquestionably effective in helping combat illiteracy.
there “would pretty soon all be Russian.” \
Britain Also Competes
Britain is a strong competitor in trade, also, and has been implant. ing herself for generations in the life of the various countries, invest ing hundreds of millians of pounds. The total British stake in Latin America is not larger than the American, but in Latin America you don't win friends and influence people by money alone any more than you do anywhere else. It has been estimated that there are 50,000 American residents in the entire Latin American and Caribe bean area. There are that many Britons in Argentina alone. The country’s history (as is Chile's) is studded with Irish, Scotch and English names. The British intermarried with the local families and in time became part of the country’s bloodstream. The ‘same thing was true of the Germans, of whom thers are great colonies in different coumtries. - All. Latin American countries, however proud, however rich, want miore U.S. capital, more U: 8. te¢hnical experience, and" more U.S. supplies, both military and commercial. There are wealthy governments like Venezuela, Argentina and Cuba which have millions in to spend on American equipment. At present we have prior commitments to help rebuild devastated
We are, of ‘course, being vigor-| ously attacked everywhere by the! Communists, as “imperialists” and | “expansionists.” Nothing is overlooked to weaken our position. and contrast us unfavorably to Russia. Russia is" conducting a strong campaign in support of political and trade aims, thus far without particular success, In some places there are large and active Soviet. embassy staffs (larger than ours), making an intense effort to win sympathy and commerce. In Argentina, a Russian official predicted that the 200,000 to 300,000
Call or Write for Complete Descriptive Cireular
PRINT pnp 7 E£. WASH. « LI 6371
"Indianapolis Kay-Tite Dealers
THE WM. H. BLOCK CO, Paint Center-—5th Floor Phone: RIley 8421
BROAD RIPPLE PAINT & WALLPAPER CO. 6328 Cantor Phone: BRoadway 5556
IRVINGTON PAINT & WALLPAPER STORE E. Washington Phone; IRvington 6654
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Hungarian and Yugoslav minority
Europe, and that is understood, but
South Americans feel that they are | |an important area, too, in our)
i planning,
Local Livestock
a —— Monday, March 31, 1947 GOOD TO CHOICE HOGS (1080) hers
BRE EEE
CORRERS
So
00 po 1100-1300 pounds 1300-1500 pounds Medium-— | 700-1100 pounds ............ [110-1300 A, conn :
17.50 vo 15 5@lT. 25 . [email protected] [email protected] Bulls (all weights) :
(all weights) —
a [email protected] 14.50816.50 [email protected] 11.00
CALVES (700) Good and choice . . HEPA ANP - Peeder and Stocker Cattle -and- Calves Choice.
. 800 pou 19.006 21.00 300. 1050 DO 19.00@21. 00 Good-—
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Good to choice Medium and. good
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Ewes (Shorn)
Common and medium
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14.00
New Homes Stress Plastics
Walls, Floors Furnishings Shown
By PAUL F. ELLIS "United Press Slat Correspondent
in the plastics and plywood indus tries are working at top speed these
unprecedented demand of the American homebuilder,
few homes are going up all over the, country and more and more are being built with walls of plywood, | Plastic materials also are being used for the floorings, doors, cabinets and In some cases, the ceilings. The expense of installing plywood is currently greater than wall paper or painted plaster, but in comparison ‘with ordinary wooden panels, the plywood is cheaper. Washable Walls In Plywood walls, bonded with synthetio resins, or plastics, the home owners will have walls that can be cleaned easily with a damp cloth, Even junior's crayon marks can be quickly wiped away. He can have those walls in any veneer finishnig he = desires— mahogany, oak, knotty pine, walnut or birch. The makers say they will last foreyer, ' Ploorings, too, are being made of plastic material, with any such design that a home builder wants. The Bakelite Corp. is making a type of plastic window curtains or draperies that you can touch a cigarette to and they won't burn, You clean them merely by using that damp cloth. £ They are somewhat expensive now, buf the company says the price will come down. Scratchless Tables
Table tops, living room chairs are being made of plastics—treated against fire and scratch. The ‘history of plastics goes back many years when the discovery was made that a mixture of carbolic avid and formaldehyde—in the proper proportions — and - then heated, left a synthetic resin. Since then it has been developed until thousands of items, such as your telephone, are made of plastic material. : It is only since the war ended, however, that the concentration on plastics for the home has been so great.
Local Issues
Nominal quotations furnished by Indianapolis securities dealers:
STOCKS
Agents Fin Corp com American States pfd ican States cl A...
Ls % “Ayrshire col COM ...e0 Belt R Stk Yds com .. Belt R
*Bobbs-Merr' Central ae com Circle Theater com Comwith Loan 4% pf Consolidated Industries com.. Consolidated Industries pfd .. Cons Min Corp pfa 9
Hertf-Jones cl A pfd
Hoe > aso aio ed
ind Gas & W Ind & Mich E oT Inpis P & © 4 Indlanap
Jeff NE Lats 8 a cesenmnetnne
Lincoln Loan Co 5% pid. . Marmon Hertington com Mastic Asphalt Nat] Homes com . N Ind Pub Serv 5% . N Ind Pub Serv com PR Mallory om
Ross Gear & . 80 Ind G & BE 4.3% 110'% Stokely-Van Camp pla enone 20% Stokely-Van Camp co Hayte Malieable
United Tel Co 5% Union Title com
17.00@22. 17.50@ 22.00 | American Loan 4lis 60
American Loan 4's 58
[email protected]| Buhner Fertilizer 55 54.
Ch of Com Bldg ¢'as 61 Citizens Ind Tel 4'qs
Consol
3 Investors Telephone 3s a.. Kuhner ‘Packing Co el N Ind Pub Serv 3 Pub Serv of Ind 3% Pub Tel 4's 55 Trac Term Corp 5s oi *Ex-dividend
Local Produce
~ PRICES FOR PLANT DELIVERY
Poul! H 4 Be, an under, 06; Pdi "oft men
ceooe 36,00620.00 | onickens, asc; cocks EEE SED
s: Current x ies rads A ye, 382; 5c.
Po Rg Sie: no grade.
DETROIT, April 1 (U., P.).—Ford Motor Co. today announced reinstatement of the de luxe six-cylin= der Ford business coupe with a $20 price cut on the model. J. R. Davis, vice president in
|
‘Truck Wheat
$2.61 per bushel for
yators are paying new No. 2
No. 1 truck wheat;
corn, $1.98 per bushel;
pounds or better, 86c per bushel;
Indianapolis four mills and grain eles
charge of sales, also announced that new Ford spring models in other lines, including both interior
Ford
early last year so the company
RITE’S
(WRIGHT'S) °*
GUARANTEED WATCH REPAIRING
AT OUR USUAL
"LOW PRICES
DAY . SERVICE
|| RITES
RA WA
HARDWARE Phone: i
© 43 8. ILLINOIS ST. Doors South of |
.|lines.
could concentrate output on cther
Ford this year. prices $15 to $50 Jan. 15.
WRICO PENS AND PART _ « DRAWING ‘PAPER
*5-IN. & 10-IN. PLASTIC SLIDIN ® HIGGEN'S INK, ALL COLORS BOARDS AND STRAIGHT EDGES
; [for = 1947 {featured new The price cut was the second by |changes, including 10 new cclors. The company cut|Other changes included relocation
|Distillers Get
Petroleum Product Under Bonding Laws
~ HOUSTON, Tex, April 1 (NEA), --0jl company chemists have dis
NEW YORK, April 1.—Scientists covered a petroleum product that's -
bottled-in-bond, but the revenooers are going to make sure nobody gets
days: They are trying to meet an|oiled.
The product is alcohol, to be distilled from crude petroleum by Shell Oil Co. chemists hére. Although it will be rendered unfit for human consumption as quickly as possible, company officials admit the discovery is giving them head. aches not usually associated with the oil besiness. Must Be Bonded For one thing, the new plant where the ethyl alcohol will be made will have to become a bonded warehouse. Then the pipe lines leading from the plant to storage tanks and to tanker loading docks will be bonded. And finally the storage tanks and the alcohol cargo holds
the rate of $17.15 a gallon. Once the alcohol becomes denatured, it is free of this bond and the government loses interest in it as a potential source of tax money. Government revenue agents and alcohol specialists will keep track of
the company expects to make each year until it reaches Sawaren, N. J. ‘There it will be converted for industrial “All of it will go into products like paints and varnish, cement, antifreezes and the like,” says G. R. Monkhouse, an executive of Shell's chemical division, “In fact, most of what we expect to produce during the next few years already has been contracted for.” Search Complicated Right after the war ended, Shell chemists began looking for a new way to synthesize ethyle alcohol. The industrial alcohol shortage was being complicated by shortages of sugar and grains, usual source of such alcohol.
_ THE INDIANAPOLIS TIMES
|From Crude Oil Alcohol
on the tankers will be bonded, all at '
every drop of the 18,000,000 gallons:
They knew that ethyl alcohol
Labor—
WASHINGTON, April 1.—Ever
....lground for hidden wealth a fight ‘| from fatal accidents. John L., Lewis has led this battle for coal miners since he became % president of their union in 1920. His announced object for the “memorial week” of idleness, which ‘began today, is to dramatize the
need. for prevention of future catastrophes such as last Tuesday's
;|Centralia (Il)
mine explosion,
i. in which 111 men | i {were killed.
A main part of
*|a strict form of
federal safety regulation, com=bined with fed-
1, | eral power to en-
force it. Both the
2 | regulation and the power now exist, ;|but will end when the coal mines
are returned to private owners. Then enforcement powers : will
federal hands. Long Consultations The regulation is embodied in a
ee “federal mine safety code” which :'jwas a part of Mr, Lewis’ ::*{when the government took posses-
; |sion of the bituminous mines to end . |last spring's. coal strike.
bargain |
It was drawn up in long consulta-
i; (tions among U. 8. bureau of mines -|officials, tives (from the Island Creek Coal
two operator representa-
Co., of southern West Virginia, and a mining subsidiary of U. S. Steel Corp.) and two representatives of the miners’ union. The miner spokesmen were A. Dennie Levis, a brother of John L., and Harrison Combs, former member WAG Doc “fg fia in Lorine union, - Dennie Lewis who Jobored in coal
Ford Resumes Production Of 3-Passenger Coupe
gave Ford “the lowest priced coupe and two-door sedan in its fleld.” He said this followed “Ford's traditional policy of providing more and better cars at the lowest possible cost to the buyer.” He said present production was about 4000 cars and trucks daily and that current orders exceeded
and exterior changes, would appear |1,500/000, up 62 per cent from a yellow [goon in dealer showrooms. corn, $1.70 -per bushel, and No. 2 white oats testing 24
0 2 -passe Jelicw soybeans, 14 per cent moisture, the three P nger business coupe
year ago. He revealed that the
suspended production of {company sold more cars and trucks | in 1946 than any year since it in- |
troduced the model A Mr. Davis said new spring models styling
of parking lights, a new hood orna-
Mr. Davis said the two reductions | ment and heavier bumper guards.
WRICO LETTERING GUIDES
IN SETS AND, SEPARATE STRIPS
§ — A COMPLETE STOCK
“e TEE . SQUARES RULES ® HAMILTON DRAWING . DRAFTING STOOLS.
Coal Miners’ Mourning Dramatizes Safety Need
“Lewis Leads Fight for U. S. to Enforce Regulations to Prevent Fatal Accidents
By FRED W. PERKINS Scripps-Howaed Staff Writer
return to the states unless congress | t...lacts to keép some or all of it in|
+ |code provisions are unnecessary and
i Agi ,
Headaches
hd’
MOONSHINE PIPES—Chemists found that the cracking process that takes place here to make gasoline from crude oil also yields the basis for pure alcohol. They will denature it.
consisted of ethylene gas and water and they already had plenty of ethylene gas left over after they “cracked” crude petroleum to make gasoline. What they had to discover was a way to combine the gas and water chemically and cheaply enough to sell in a competitive market. The process that they finally evolved is an industrial secret. Mr. Monkhouse doesn’t think the company’s production will supplant the manufacture of alcohol from grains or. sugar.’ : ' “Industrial consumption of alco-~ hol is increasing all the time. The amount of alcohol #8 whiskey, gin, ete., is small in comparison. With an expanding market there will’ be a continuing demand for a new supply of alcohol.”
since’ men began to dig underhas been waged to protect them
argos, boc, Big _ Wartime Waster
eral Lindsay C. Warren that the
More Than $2 Million Spen} Without Gain
By NED BROOKS Scripps-Howard Staff Writer WASHINGTON, April 1. — How
taxpayers’ money went down the drain in ill-fated wartime experiments is {llustrated by the ventures of an obscure government corporation called Cargoes, Inc. The story of its once-secret oper-
ations has been laid before congress with a finding by Comptroller Gen-
agency had “ho advantages” in developing implements of war, Cargoes, Inc. spent $2,036,929 trying to develop new designs of freight-carrying and anti-submarine craft. Two of its four experiments were abondoned after more than $420,000 had been spent on them. . History of the operations is marked with padded expenses, faulty cost estimates, delays and controversy, according to reports to congress. : Entered Wrong Field Cargoes, Inc, was organized five weeks before Pearl Harbor by the lend-lease ‘administration, Of the agency’s -excursion into scientific | fields, the comptroller general told congress:
“It is questionable whether the lend-legse administration, with no experience in such matters, should have sponsored these projects when other established agencies were authorized and equipped to develop them.” The corporation's four projects and their total cost were: ONE—The “seamobile,” a lightdraft cargo vessel originally intended to be powered with automobile engines, turned over to the war shipping ' administration, $1,233,834. TWO~A helicopter for protecting cargo ships from submarine attack,
parts of other machines to Princeton*university, $328,826. THREE — A submarine-spotting craft (catamaran type), abandoned after four months as “not likely to succeed,” $41,522. FOUR—An auxiliary tug, intended for combatting submarines, also abandoned after four months because it “lacked elements of surprise and speed,” $383,079. On top of the total cost of $1,987,261 in the four ventures, Cargoes, Inc. spent $40,668 for administrative expenses. ¢
Each Project Costly { |
To build the “seamoble,” the corporation signed a construction contract with U.8. Shipbuilding Corp. | and an engineering contract with |
mines of Iowa and Illinois for 15 years says, “the federal code is not what we started out to get, but it is & vast improvement over any state mining law—or rather it would be if thoroughly enforced.” : Laws Antiquated All state mining laws, he declared, “are antiquated and inadequate because they take no account the great mine mechanization in the past 20 years. Mechanization means that men work in smaller areas, more explosive coal dust is produced by giant coal loaders and conveyors—and all of that means that the miners must have more pure air.” 3 Three major improvements in! ithe code, from the mine worker standpoint:
volume of air, and that it be carried td the “face” of operations, {rather than being measured at the bottom of mine shafts, which may {be miles from working places. TWO: Standard requirements for “rock dusting” to keep down the dangerous coal dust, THREE: Standard procedures for examination of mines before permitting entry of workmen.
Expect Disasters The mine worker argument is
riodically unless state laws are made uniform and strictly enforced. Bituminous coal operators have resisted for years any substitution of federal authority for state police POWETS Tee SBI ESF po son
impossible of execution.
U. S. Statement
WASHINGTON, April 1 (U. P.).—Government expenses and recite for the current fiscal year through rch 28 compared with a year Mo: ear
This Expenses ....
8, 307, 208,530 3,266, 900,388
Cash balance 6 64, 981,150 Public debt. 250,208,758, 763 Gold reserve 20,462,122,023
Last Year $50,172,121,620 | 32,053,488,604 |
17,218,627,035 24,274,882,389 276,439,905, 726 + 30,257,062,251
| ONE: Specific requirements for!
"{wheih he said will last the life of |
that disasters can be expected pe-|sludged by ordinary oils.
Weaves Associates Corp. The helicopter project was as-|
Bristol, Pa. After 19 months the! finished craft and . unassembled parts were given to Princeton. | The submarine - spotting craft, later discarded, was assigned to the | Ridgefield (N.J) Manufacturing: Co., which was paid $34326 after Cargoes, Inc, had disallowed cost claims totaling $11,276. The anti-submarine tug project, also abandoned, went to the Massachusetts Shipbuilding Co. of Boston, which received $373,904. One bright,spot in the operations was the return of $7,214,071 to the Reconstruction Finance Corp., which had alloted $9,251,000 to the, experiments,
New Permanent Auto Oil Revealed
Times State Service SOUTH BEND, Ind, April 1-— |A Notre Dame university professor today told the South Bend Association of Commerce of a new synthetic, non-petroleum motor oil
an engine without change.
later donated with’ unassembled |.
FLANN ER
signed to Kaiser Cargo, Inc, at.
Time is valuable when you need money! at AMERICAN LOAN CORPORATION we
“repayments arranged to meet your convenience, You'll like to do business with us! Pirie oe slaps in our office today! 3
AMERICAN 10
MA-7555 ‘347 BANKERS TRUST BLDG. PENNSYLVANIA AT ‘OHIO STREET
of chemistry at the university, said
Dr. Henry D. Hinton, professor |=
the lubricant is made from natural gas and carbon and hydrogen compounds. The new oil is wax-free, Dr. Hinton sald, and will clean motors that have been gummed and He said it will flow freely at 30 degrees below zero and does not thin at high temperatures. Commercial production of the oil will begin soon, the professor said. TNE ProGuet oR IeCred To os more than ordinary niotor ofl. Dr. Hinton also described new types of oils and resins made from sand and organic materials, “silicones,” which are suitable for use as hydraulic fluids in aircraft systems and in fine Instruments, watches and clocks.
Nationally Advertised * Watches * Silverware % Diamonds
Expert Watch and Jewelry Repair
INDIANAPOLIS CLEARING HOUSE Cleatings | Deb
NELSON'S Jewelry, Inc.
36 N. Penn. Opposite Loew’s
| We Own and Offer
; Price $25
AMERICAN STATES INSURANCE CO.
Cumulative Preferred Stock Next Dividend July 1, 1947
And Accrued Dividends From April 1, 1947 To Yield 4.8%,
Prospietus Furnished me Request
per Share
2
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