Indianapolis Times, Indianapolis, Marion County, 4 June 1947 — Page 9

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Monopoly Test

War Department Favors Competition

Soripps-How WA HINGTON en hr on gress is stirring today to s mew struggle over whether the wings of overseas U, 8. air commerce are to be hitghed to a world-roving AboplY, Or will competing U. 8. carriers sontinue to fight one another—and

all fore comers? Bebind the turn of this battle lies the paramount question of U. 8.

security, And the government is swinging its shinny stick on the side of competition, Says the war department to congress: “One of-the basic essentials of alr power is the existence of a strong and progressive civil alr transport system both domestic and foreign.” The war department sees no fac-

fors that would indicate “a present |

necessity for changing the existing

policy of regulated, limited compe-|

tition/between U. 8. civil air carriers in the international field.”

Race in Engineering If you have only one big overseas airline, say some of the generals, you have a tendency to standardize equipment and go to a single manufacturer for airplanes. Competition, they contend, means pressure among airlines for aircraft out-performing those of a competitor. And so comes a progressive race in design and engineering. The current fight rests on legis ation pouring all of America’s sayvy in air into one pot. This would wash out Pan American Airways, American Overseas, TransWorld, Braniff, Northwest Panagra and other airlines authorized to fly

The company would as a public utility by nautics board and generous “governmen In favor of the “chosen instrument” monopoly is Juan T. Trippe, Pan American head and central figure in the controversy. ‘He parlayed vision and a few alrplanes into a world aviation enterprise. He probably knows more about international air transport

other big U. 8. airline men Yjibse Ms. Trippe and his monopidea, say Mr. Trippe is t with mirrors—that lly he and Pan American's friends would be able to run the menopoly company. Three. out of four international air

5

passengers in the years ahead will |Hook Dru

be Americans. Mr. Trippe sees too many of them flying foreign airlines if U. S. lines aren't unified. He says U. 8. airlines will cut each other's throat. And he cites a deal

; already made between United Alr~|.S ” lines and the French monopoly |! company, Air France, for an ex-|pLin change of business. This would cut Jar into the traffic of U. 8. stem -Aving “airlines, of course. N bn

Dies With $58,000 Under His Bed

CHEROKEE, Iowa, June 4 (U.P). Old Emanuel Hurd's fortune was in the bank for the first time today. The 83-year-old farmer died in an Alta hospital Saturday. - He had more than $58,000 in a battered ‘black bag under his bed. Wheni Mr, Hurd and his wife, Eva,

wheel of a Nash "600," checks Ricker, AAA representative, at

is Harry Bennett, AAA observer,

New -laurels had been added to “800” which was the race day pace

Automobile association with Chester 8. ‘Ricker in charge. Riding the 538-mile route with Baker was Harry Bennett, AAA representative. Other AAA representatives who aided. the supervision were Ted Nowiak and Raymond House. The test started at 5:52 a. m. yesterday and lasted 14 hours, 56 minutes and 2.95 seconds. The AAA reported 20.4375 gallons of gasoline consumed.

Local Issues

Nominal quotations furnished by Indianapolis securities dealers:

STOCKS

Agents Fin Corp com American States pid ........ American States cl A .... L 8 Ayres ¢%% pwd Ayrshire Col com ...

Asked

» 3

36 2

elt R Stk com ..... 30%, Jelt R Stk Yds ptd . Soa bs Merrill pfd ......0c0000 % ais Merrill com ......00. « 18 18 *Central S COM equi «WY NY Circle ha » Ea aave ee = Ww Cont Car-Na-vVar ........... 3% 3 £Om . Ye 1 ‘pid .. 3 8s Cons Corp pid Cone sons JT ims os Delta fic com. ..\\...... 4% 15% ”n Wayne pe At ackson RR pid. 5" > 89 Herfl-Jones cl A pid .. pe . oe ne 27% Ind Asso Tel C 2 hd. a 49 50%; Ind Gas & Wat 14% 6 Ind & Mich s L = + vid anwi 108 110 Indpls 2 $1 24% 26% Ind 108 110% jogs anapo A Kvater pfd a 106 oh In dpls Wa ater cl A com ...... 20 21 Indpls. Railways com ........ 12 - Jeff Nat Life com ............ 15% 1 ngan & Cooom ............ 3% 4% Kingsn & Co pid ............ 74 3 Lincoln Nat Life ........... 49 52 coln 14a Co 5% pfd 108, " rmon Herrington com . 8% Ve tic Asphalt .............. 8 9 Natl Homes com ............. 12 13 d Pub Serv §%......... 107% 109% N Ind Pub Serv com ......., 17% 18% ogress Laundry com ...... 3 28 p Mallory GOI. evns 19% 21% Pub Ind coo SOY 42% 2b Serv of Ind sian ° pid... 9 9% Gear & Tool com 33 . So y Ind C&R Fh pe vane 111% 113 Stekely- Van Camp pid ...... 19 2 Stokely-Van Camp com ...... 15 17 [Sede Haute Malleabls ....... TV 8% 8 Machine com .......... 1% en United Tet Co 3%. ............ 100 Union Title com .........«0.. 51 BONDS American Léan 4%s 0 ....... 1 sens American Loan 4s 88 ...... 9 .

Buhner Fertiliser " ”

84, went to the hospital about 2|Consol Fin be 86

weeks ago, the farmer ¥nsisted on taking his:money with him, Mr. Hurd died of old age. Cherokee County Sheriff Carl Schleff accompanied the body here as protection for the money. The sheriff said the )plack bag

contained $28,000 in $5, $10 and $20|%

bills, cashier's checks for $30,000

and other securities.

ARVIN Ali-Metal

73 107% 87 cra 108 uy Ind Pub Serv 3%s 13 ..... 108% 107% Pub Serv of ‘Ind Fen 78700 0° 100 Pub Tel 4%s 85 .. ... . 91 ah Trae Term Corp 5s 57 ....... 2% 8

5h. 75

SHOWS NASH ECONOMY-—"Cannonball”

economy run at the Indianapolis Spenivay. In the car with Baker

Non-Stop Speedway Test Shows Nash ‘600° Economy

ing a post-500 non-stop economy run on.the Indianapolis Speedway. A car driven by Erwin G. (Cannonball) Baker, a twin of the Nash

of non-premium gasoliné at a speed of 36.02 miles per hour, The run was supervised by the contest board of the American

.1 steady.

*{ A meager supply of fat lambs

isold at about the same prices as on . {the previous day. GOOD TO CHOICE HoGs/ li) 120- 140 pounds 122.75 140- 160 pounds .... ' i 24.00 160- 180 pounds «+ [email protected] 180+ 200 . 23. 234.00 200- 220 pounds +. 33.71524.00 220- 340 pounds . [email protected] 240- 270 poun: « [email protected] 270- 3 pounds . [email protected] 300- 380 pounds [email protected] 330- 360 un: [email protected] Medium--160- pounds . [email protected] Packing tows , {Good to Choice— 270- 300 pounds .......... [email protected] 300- 330 pounds ............ 18.50@ 19.25 330- 360 pounds ........c... [email protected] See, 400 pounds .....eveunee [email protected] Of — & 400- 450 POURS. (.yeseeacsss ines 50- 500 pounds ....eeveecee [email protected] Medium 50- 350 pounds ........es.0 14.509117.50 Sisugiiter Hp 90- 100 pounds . [email protected] CATTLE (19%) Choice— v 700- 900 pounds ............ @26.50 900-1100 pounds ............ 25 20837.00 1100-1300 pounds .......ee0ve [email protected] 700- 900 pounds ....evvec0e. 4.50 00-1100 pounds .....eev0.n- 2 Tigi 3s 25 1100-1300 pounds .....qee0.c. edium-— 700-1100 pounds ......epic.. 20.009323.75 1100-1300 pounds ....veieee.s [email protected] Common-— 700-1100 pounds ............ [email protected] oe HEIFERS Chuice— »600- 800 pounds ..........00 25.50 800-1000 pounds ....cocavies 1 35.50 Good— 600- 800 pounds ......eceese Neu 50 ee] 800-1000 POUNAS ..covsvveces 25Q3¢ .. | Medium— .| 500- 900 pounds ....eaeevees [email protected] 1{Co Nee 500- 900 pounds ............ 16.00019.50 Cows (all weights) AR TAY ahs SW a AA ahr [email protected] Wes dane any [email protected] Gutter and common ....... .. ja 18.35 [email protected] ‘Bulls al weights) Beef " Good (all weights) ......... [email protected] Bausa or GOO Le arens on seasn 17.3801 00 | Media ..u. vi ni ri creanne 10.50@17. 8 Cutter and medium ........ 13.00@18. 0. CALVES (850) Good to choice .............. nM 26.00 Common and medium ....... 2.00933. Culls (75 pounds up) ....... 8.00013.00

Baker, at the his running time with Chester S. the finish last night of a gasoline

the Nash “600” sedan today followJ

car, averaged 26.32 miles to a gallon

Livestock Prices Are Steady Here

Cattle Trade Active; Heavy Hogs Higher

Cattle trade was active today at the Indianapolis stockyards. Prices were tmehanged from yesterday. Vealers also sold at the same prices as yesterday. Hogs of 270 pounds and less sold Heavier weights were 25 lto 50 cents higher. The top re- | mained at $24.

-m o. |. > a ee RON d ¢ 4 hv i ’ -

Kidnapped" Factory

Ford. plant in Niehl. It is located on the southern outskirts of burned and blasted Cologne—in the British zone of occupation. For several years before the war the Germans operated the plant as virtually “ ” concern.

When . war Came it was seized

It suffered its share of war damage. G. 1's shelled it as they stormed up the approaches to the

“ But for all its eRperiences, the Ford plant, now held technically by the property control section of the British military government, ' isn’t doing too poorly, as a visit here dis closes, Despite the steel shortage, which is the big block in the war of full production, it is operating in the black. Some 2700 persons are on the plant's payrolls ahd 13 three-ton trucks roll off its assembly lines each work day. Additionally, the factory completely reconditions from 1200 to 1500 vehicles each month for the British forces and the two Belgian divisions that occupy the ares. Under the Germans, Interestingly enough, “The plant wasn't really engaged in war production,” according to one Ford official, “It was only making trucks.”

Gopyright, 1047, by Ths Tndishapaiis Times _the Chicago Daily News, ] Daily News, Inc.

Credit Association Names Committee

Executive committee members of the newly formed Hoosier Association of Installment Credit Companies were announced today by Richard E. Meier, Evansville, president. Named to the committee are L. 8. Henderson, F. L. Mahaffey and Irvin Wesley, all of Indianapolis: W. T. Christian, Chicago; V. Hungate, South Bend; V. H. Payne, New Castle; J. R. Latchaw, Marion, and H. E. Arnett, Marion. The organization is a statewide trade association of installment credit agencies. Membership will be open to Indiana persons, firms and corporations whose principal business is consumer installment financing. Officers named at yesterday's organization meeting were: Mr. Meier, president; Burr O. Welch, Lebanon, V, H. Payne, New Castle, and Irvin Wesley, Indianapolis, vice presidents; Paul A. Hancock, Indianapolis, treasurer, and A. J. Sieleff, Indianapolis, secretary. The association will represent Indiana financial institutions with a¢counts receivable on Dec. 31, 1948, of $65,321,926.03, and a total volume of business last year of $156,107058.88.© Executive offices will be at 609 Union Title building.

Truck Grain

Indianapolis flour mills and grain el Yators are paying $243 per bushel § 1 truck wheat; new No. 2 yellow corn, $1. 9 per bushel; No. 2 white corn, $1.19

One of the best prospects is the|

lines.

Labor

i

with a take-it-or-leave-it attitude, Silence under such conditions is unusual for Mr, Lewis. And.the apparent collapse of a ‘coal-wage conference a month ahead of the deadline for agreement is “equally puzzling. Hotel Bills Pile Up Meanwhile the 200-man union policy committee is running up hotel bills here, being held on for what purpose the members profess not to know. They surmise they may be called on to ratify what Mr, Lewis decides to do with the southern operators, with whom he has a date today. Government officials in elose touch with the coal situation denied they were working for resumption of the collapsed conference. One official said the situation would be allowed to clarify itself before such steps were taken. Here are some of the lines of

B.| speculation from men in close touch

with the industry’s affairs. ONE: That Mr, Lewis is taking time off from negotiations to investigate reports that many of the 400,000 bituminous coal miners are unwilling to follow him in another big strike. Some recent stoppages have not gone too ‘well with the rank and file, If he finds dissatisfaction widespread their leader might modify his program. Officials Are Impressed

hurt Mr. Truman’s political future. The government official who advanced this guess thought Mr, Lewis’ motive would be to get revenge for the court licking he took from the President last winter.

power of his big union over the country’s industrial production.

per el; oats, testing 34 pounds or better, 94c; yellow soybeans, 14 per cent moisture, $2 80 per bushel.

Feeder and Stocker Cattle and Calves

Steers Cholce— 500- 800 pounds ..........us 21.00022.00 500- 800 pOMNAS «..vevseaees 19. 21.00 Medium— "a 500-1000 pounds ......ev..s 16.00@ 19.00 Common 500- 900 pounds ............ 14.00016.00 SHEEP 475) | Choice | Closely Sorted... 00. ies 23. Good to choice . ...... [email protected] | Medium and 900d Ln [email protected] | Common . [email protected] Ewes (Shorn) air of Good and choice \ 6.00 1.0. | Common and medium 8.00: 001 4 i

FRENCH RECALL ENVOY PARIS, June 4 (U. P.).—The French foreign office announced to-| day that Ambassador Gilbert J. Ar- | vengas had been recalled from Cairo |

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F H A IMPROVEMENT LOANS Angnic NATIONAL BANK

El Krim, Arab leader, in Egypt, apparently will will be dispussed.

| REALTOR 1 TO SPEAK Calvin K. Snyder, Washington, D. C. will speak at a meeting of the Indianapolis real estate board tomorrow noon in the Hotel Washington. He is secretary of the Washington committee, National Association of Real Estate Boards.

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FILL 'ER UP—What is said to be the world's first international "service station" for maintenance and overhaul of ‘mulfi-engined aircraft is pictured, at MacArthur Field, Sayville, N. Y. Lockheed Aircraft Services, Inc., has contracted to service more than 160 transports for the U. S. military services and many domestic and foreign air-

Northern Coal Operators, Others Puzzled b

Silence Under Present Condifions Unusual,

Wage Parley Collapse Equally. Confusing By FRED W. PERKINS, Scripps-Howard Staff Writer WASHINGTON, June 4—Cuesses are a dime a dozen on what John L. Lewis is up to now. He has sald nothing since his wage conference with the northern mine operators broke up unexpectedly Saturday. That left the operators free to give their side of the story, which portrayed the union boss as making unreasonable wage demands

Lewis

mefits made by Charles O'Neill, chief spokesman for the northern operators, were impressed by the apparent fact that outside of —the operators offered a 15-cent-an-hour boost, and Mr, Lewis

ently were not far apart on such important issues as the union’s wel fare fund, unionization of mine foremen, and greater efforts for mine safety. “What happens on July 1?” Mr O'Neill was asked. That is the date when under present law goveriiment possession of the mines must end, and with it the court injunction against a nation-wide mine strike. “As I see it, we step into a vacuum,” Mr. O'Neill replied,

Manual Gear Shift Seen on Way Out

FRENCH LICK, June 4 (U. P.).— Elimination of the automobile’s manual gear shift and its replacement by automatic transmission and Ffeontrol is approaching. That's the word at the summer meeting here of the Society of Automotive Engineers, . The change, a symposium devel-

tion, since engineers are not unani-

transmission can be developed, some engineers prefer fluid couplings, others lean to transmissions with hydraulic control and governor, while still others are seeking different methods and mechanisms - to accommodate varying torque rets.

At the symposium, A. Elliott Kime

berly of the Chrysler Corp. championed the fluid coupling, while O. K. Kelley and M. 8. Rosenberger of Genera] Motors presented the case for automatic transmission.

wanted 35 cents—the parties appar-|

oped, is likely to be a stage opera-|.

FHA Approves Housing For Gary Veterans:

Two eight-family reéfital housing projects in Gary, for world war II veterans and families, have been approved by Indianapolis office of federal housing administration. The projects will be constructed at 2521-2543 and 2520-2542 W. Sth ave, Each will consist of two fourfamily’ two-story apartments, providing 16 units of four and one-half rooms each, They will be built by L. I. Combs & Sons will be known as

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