Indianapolis Times, Indianapolis, Marion County, 7 March 1951 — Page 20
3 B
y
This is real, no fooling t
I talkéd with the big companies and they told me flatly that where five cars are coming through today, only four
will be delivered after April
And what a time to have it happen, just
HAROLD H. HARTLEY Times Business Editor
THE STEEL CUTBACK hit the auto industry today.
his time.
1
when people
Rev. N. H. Tinker Lenten Speaker Communism often attracts lonely persons who lack both the help and comfort of the Christian religion and human companjonship. ! This statement expresses the “boiled down” meaning of the Rev. Neville H. Tinker's.Lenten sermon on “No Longer Aliens,” glven at noon today in Christ Church. The speaker is rector of Gethsemane Church, Minneapolis. He will speak tonight in the Church of the Advent and again tomorrow and Friday in Christ Episcopal Church on the Circle,
“'You are no longer outsiders + ¢ you belong,” Father Tinker
Experts See Bright Food Price Picture
Plenty Has Happened
To Halt Upward Spiral By EARL RICHERT
. WASHINGTOR, Har. "7-1
-If the food price spiral over -— for a while, at least? It looks that way to a number of farm-food experts. } Like people venturing out of al.
to think their ps were beginning t Hatch, over at Kroger's told me
old jalopy, driven through a ipeyire getting part of it, and hard winter was looking pret- other stores will have it; too. ty shabby in the war spring sun. go WIVES will be kitchen” ..8 8 happy” again, And you can eat
storm cellar, these experts are cautious, But to them the skies seem definitely brighter. Price Administrator Michael DiSalle shares their optimism. He said yesterday he now hopes to
sald, the Christian Gospel and good news indeed to those of us today who aye aware of the pain of loneliness.”
ting St. Paul. “That is
IN THE NEXT SIX weeks there will be a wild scramble for new cars. And the dealers again
will be in the middle, accused of!
all sorts of favoritism by those who have-to wait. And these shenanigans are seldom true.
| | |
the rich stuff if you want to.
| There'll be a box of the old settler back on the pan-
[stomach ‘try shelf,
|
ou Do or Dye I LOOKED IN some Easter
And the used car lots will be windows along Washington St.
beehives again. Those who can't] get ‘em new, will take late used my trusting mind as what color with the - sober-faced/a woman's hair really is. For she promise from the salesman thatcan change the color of her hair “they're a lot better than the/almost as easily as she can irtwaist by dousing it
models
ones they're turning out now.”
That'll be his song. o
drive it a long time. That's th kind of steel what's short, It's sheet,
this year promises to be a boom-
eroo. 8 8 8
IT WILL PUT USED car prices
So the usual spring auto boom
And it raised many a doubt in
change a sh in Rit,
: a The colors made me look twice, AND WATCH YOUR fenders. and wonder if it's coming to that. Smash one and you may have. to; There was a watermelon pink, a eo delicate iris purple and one I price index of 31 foods dropped
would swear was green,
{but then I kept thinking of the the week of Feb. 14. The next, gals who'd dyed their hair, then week, there was a slight break in
decided to Ist it grow out.
» ~ » THE- DYED WIGS all looked nice and would flatter any moon- ment's price indexes which rose meet tomorrow light-and-magnolia evening gown, for 18 consecutive weeks, through Methodist Church to review thé steady;
“Without Christ, tragically wrong attempts to feel that they belong to each other, such as in communism. Christ in His Church banishes the sefise of being’ alien by drawing men ever
halt the rise in food prices well men make
before ‘mid-summer, his original target date. Why this change? A Lot Has Happened Well, a lot of things have happened. ‘ closer to each other in God's Wheat prices have dropped sharply. within the past two weeks. Corn and soybean prices
|love.” ean” ” have gone,down, and hogs are 500 to Review selling below their mid-February Parley.on Youth
prices. Shipments of early let-| : : The. : Ma "A ‘White House Session
tuce, peas and celery from Cali-| fornia have dropped - prices of those products.” .
Dun & BradBtreet's wholesale |
{last week for the first time in 19 weeks, Mr. DiBSalle cited the govern-|
in Broadway
findings of the December Midcentury White House Conference
the spot market index and the | Youth in Wash-
up to their ceilings, and the guy on the tail of the waiting list 1 na padded cell. And maybe a few guys in jail if they start dealing out the back door to get a little extra dough!
for quick delivery. | Sissies
Millions and Buttons BATHTUBS CAN GET pretty THE GROWTH OF POWER 18 oq to the bare skin. Then In a a source of endless surprise. few minutes the water warms Every time I touch a light them yp switch T reflect on how many mil- But there's a new way, much lions of dollars worth of Ma-ifagter : chinery it takes to make that Tn. jatest in bathtubs is al-! switch deliver the light, heat or ways warm td" the touch. It has
And when you've seen that you've looked at something between a mangy zebra and a fright wig . . . the gals fust lve through it and keep their hats on most of the time i
of the National Grange,
“we've apparently played out the |. string of war psychology. House-|
wholesale index held steady. 1 Finally, last week, came the first turn-down in both spot and| wholesale commodity market indexes. | Ceilings Out as Reason The farm-food- experts say government price ceilings couldn't be the reason, since there are no | ceilings on food products as they leave the farm. - ! “Above all,” said Fred Bailey
on Children and
ington, D. C.
meeting will be highlighted by addresses by Gov. Schrickeer and Dr. Leonard W. Mayo, vice chairman of the White House Cénferencee, Dr. Mayo, New York, will Speak at 7:45 p. m, tomor-
L. W. Mayo ,..w in the World
7
Memorial.
power. : {coils built in to warm the metal Indianapolis Power & Light, shell, and the hot water -dret the one in which We are MOSt warms the tub’ then warms
interested, has put $79 Jliion 18 its expansion program since to make life easier, and I think "a little cheaper for most of us. |
nn» AND TODAY, H. T. Pritchard, president of I. P. & L., announced the company would spend another! $9.5 million for a fifth generating) unit at {ts White River plant about 18 miles southwest of the| city. ; : What that means to me is that we are living better in Marion County, saving our energy by us-/ " ing more and ‘more of that natural phenomenon—electricity.
n » » I'M FOR MORE push-buttons.| They give me more time to do a lot of other things before. ’ And, come to think of it, why do I do them, anyway? Don't pin me down. I don know.
15,600 Jobs
HERE'S THE UP-SWEEP of
&
"t
|
researchers of the Indiana Em-(in which Carolyn Drown was killed. He said Minnick choked More hogs co
ployment Security Division, During, spring, there will be jobs for 15600 more Hooslers.
ment plateau which already is 10 per cent above a year ago. |
Ld ” o THE HOT STRETCH in the scrample for employees will be from mid-March to mid-May. And about one-fifth of the new work- | ers will be women. They'll have to be. We are run-| ning out of men, as any woman |
seeing the figures.
No Shut-Off?
QUESTION NO. 1 this spring
is, “Am I going to get a car, or not?” I don't know, But I can tel you what Walker Williams, Ford vice president in charge of sales, said before the Washington Ad-
1
Life can be beautiful,
"Hear Harold Hartley at 5:48 pm. on WISH,
Hoosiers: Held In Girl's Death 2 Others on Trial In Michigan Court
Times State Service
COLUMBIA CITY, Mar,
got underway in Kalamazoo.
Under arrest are Robert Bruand
baker, 24, of Churubusco, Orville L. Minnick, 31, of Etna.
Authorities said Brubaker adthe job curve as plotted by the mitted he was driving the car
her.
Minnick denied everything. His And this is on top of the employ- alibi now is being checked by,
police.
Both men are being held on
homicide charges,
sheriff. Spotted Girl Brubaker sald he
After the girl was killed Brubaker
road.
Defense attorneys for Rae Ol{son and Valorous Mattheis, both |22, who went on trial at Kala-
you. iy
Two new suspects in the rapeslaying of a Kalamazoo, Mich. 1 never 44 ved last December were being held here in jail as the trial of two other men for the slaying COnSumption.
according to| Lee Gross, Whitley County deputy |
and | (Minnick were riding around near | ihe college in Kalamazoo when ; {they spotted the coed. Brubaker could tell you in a jiffy without|was quoted as saying that Min-| |nick jumped out and seized her {forcing her into the car.
said, her body was {dumped out of the car on a lonely
wives and others And . “>
are stocked up. War eoing 0 navel)
’ IRR i oer. A Mr, pdinted out that food | Gov. Schricker. The Governor exports have been. decliningjcalled the meeting to consider sharply while food imports have recommenrations of the conferbeen increasing, a return to the!ence and their application to situation before World War IL !needs of children and youth in Right after the war we exported Indiana's local communities. as much as 15 per cent of our| pres talks will be given by farm a ee, and farm prices prise Marilyn McCormick, Butler . | University student and youth deleMr. Balley said food production oo Sity Studen: and you! a goals this year are well above ng nmaron, executive secretary of 1948-40 output when surplusesiyne rngjana Council for Children dropped farm prices 24 per cent. 4 youth: Dr, Grover L. HartThere are no production controls... "vice chairman of the Coun--|now oh any food, except peanuts. |... Robert Yoho, director of the Wheat Prospects Good {State Board of Health's Division Wheat prospects are good. And ot Health and Physical Educait now appears the new harvest y;,, ,nq Kenneth R. Miller, genwill raise the total wheat Supply |ery) chairman of the planning to about 1}; billion bushels—|., mittee for the meeting jequal to a two years’ domestic! . Western Europe's total food production is above prewar, so there’s no crying there for U, S.-produced food.
<
Ruling on Will On meats, the experts see wo Sets Precedent
chance of declining beef prices,| A new legal precedent for Inbarring a housewives’ boycott. diana — allowing revocation of But-an incre of seven million Part of an established will—was ng on the market handed down by the Indiana Apthis year should put a brake on Pellate Court. 'beef prices, besides making 1t| The ruling, written yesterday hard for pork prices to go up. PY Judge Harold Achor, reversed |And the poultry raisers are turn-/2 decision of Marion Probate ling out 50 million more broilers Court in the will of the late Ches[than last year. {ton Lawrence Heath, former choir“If people would just eat poul-| Master of Christ's Church on the try for a while, it wouldn't take Circle. long to take care of beef prices.” | The estate includes $8599.25 in {Said one food expert. [Rersonal Jroperty and one resi- ] ential lot.
| tr hermes 3 From I Take Part nally: that beneficiaries were a
In Medical Seminar foster-son, Lyle R. Morse of Hou- | Five Indiana University School ton, Tex.; a son, John Allan ‘of Medicine faculty members Heath of Sulphur, La., and anparticipated last night on the Other foster-son, Howard Frank- ' monthly telephone seminar pre- lin Caulfield, 614 E. 33d St. sented by the university and the Judge Achor's decision, in efIndiana State Medical Associa- fect, ruled out Mr. Morse as one tion. of the beneficiaries because ink Participating were Dr, Ber- Scratchings on the will deleted nard D. Rosenak, moderator; Dr. his name. The will was in the James M. McIntyre, Dr. Dennis Possession of the former choir-
The Probate Court ruled origi-|
{mazoo yesterday, said that they yerising Gn He PW ay would prove their innocence. Both most o " * Sino ato 1 o th [Mattheis and Olson confessed last e sa 8 unlikely thal the we. Matthels repudiated his.
production of cars and trucks will be completely halted “even! Brubaker and Matthels are
under the most seriods emergency
conditions.” Th “wa : Commissions Open in BUT 1 LIKED his next line,
’ and understood it, And I think Women’s Medical Unit you will, too. He sald: | Fifth Army Headquarters has
‘““You cannot manage a announced that 572 commissions §
a managed economy in Amer-
in the Women’s Medical Bpagialfica without automobiles.” {ist Corps are open to volunteers.
We use “pleasure cars” for 95 The commissions will be given| o 179 physical —
per cent of our going, to work, to 247 dietitians, to school, to shop. [therapists and 146 oceupational an. therapists by June 30. TAKE AWAY the passenger All applicants must be least cars and we just won't get any-21 and single, and must hold a where. Legs these days are used|pachelor’s degree from an apto get us up off a chair. Andiproved college or university, the
8S. Megenhardt and Dr. John A. master at all times, it was pre-
Robb. U. S. Statement
WASHINGTON, Mar
7 (UP)—Govern ment expenses and receipts for the cur-
rent fiscal year through Mar. 5, compared with a year ago: This Year Last Year Expenses $26.530,685,338 $27,174 an" or Receipts 27,461,370,413 Surplus 930,700,070
Deficit ash Balance 5,111,094,884 Public Debt 265,003,231,976 Gold Reserve 22,010,604,800
INDIANAPOLIS CLEARING HOUSE Clearings ............. $ 9,747,000 Debits _ $26173000
2.959,783,47 4.773, 4 256,121,
»» through Times 34.216.622.445 They're speedy, far reaching and|
sumed,
The Appellate Court decision
[requires the Probate Court to ; {hold a new trial in the near fu-| - ture,
INCREASE YOUR BUSINESS) Classified Ads. |
8 474 economical. They sell real estate, | 476.485 | cars, merchandise and services to] 4.344.784.5800 THOUSANDS of regular TIMES | (readers. For a helpful ad-writer IPHONE RI ley 5551.
FOUNDED 1913
that's about as far as it goes, or announcement pointed out. |
the legs go, either. We'd rather ride. So we do.
‘Soda, a Carload
But it’s true.
Housewives who have were diamond dust will be able to buy it tomorrow.’
A carload came to town. Jim
Fo Nid I
1 Mom | |
PARTLY CLOUDY AND CLOUDY ARIAS
» wWihcusmrerr, COPE 1951 FOWL A WAGRER ALL RIGHTS RESIAVED.
TODAY AND TOMORROW—A western wind will bring |
Gets Fraternity Post An Indianapolis
croft St.
2708 N. Delaware, recording secretary.
AHLCTID
[355] swow Vili RAM;
7 SHOW Swowies Jif AND PLURRIS
r temperatures into Hoosjerland during the next 24 hours. - The forecast also calls for cleading skies, beginning late today.
sophomore HERE'S EARTH - SHAKING student at Wabash College has news. It will be hard to believe, been elected vice president of Alpha Phi Omega, national honbeen orary service fraternity. He is handling baking soda as if it Thomas Woerner, 1221 N. BanJohn G. Pantzer Jr. was elected
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THOMSON & MSKINNON
BROKERS IN SECURITIES AND COMMODITIES 200 Circle Tower Bldg. MArket 3501
MEMBERS NEW YORK STOCK EXCHANGE AND OTHER PRINCIPAL SECURITY AND COMMODITY EXCHANGES -
| | | {
|
3 Hk ¥ ;
Trade Prices Dip
Barrows, Gilts 25 Cents Lower
at the Indianapolis Stockyards
$26.60 .to $30; good and choice ‘mediumweight bulls $28 to $29;
cutters downward to $24. Vealers active, fully steady;
mon and medium $24 to $34. ! Sheep 500; market active, slaughter lambs strong; package good wooled lambs $38; trucklot mostly good summer shorn but including 10 per cent wool skins 87 pounds $37; common to mostly medium wooled natives $38; fed {common to medium $45; slaughter ewes steady, medium to ‘choice $16 to $22.
Civic to Return ‘Mares’ for March Play
ayo will dlscuss “The Role : NE Worlero) Sat, £7 “te meeting called’ by The Civic Theater will® return
to its Alabama St. playhouse for the March production, ‘according to Jack Hatfield, director. :
With long-delayed enlarging and remodeling completed, the amateur players will be able to stage “The Silver Whistle” at Home Mar. 16 through 24, Mr. Hatfield said. Included in the cast of the ‘Robert E. McEnroe comedy will be Percy Weer, Dorothea Bertorelli, Frances Westcott, Nina Brummett, William Watters, Eileen Barber, Peg Lyda, Jerry Vance, Aldo Bertorelli, John Benedix, Edward Gaumer, Joseph O'Mahoney and Norris B. Eckelberry.
“
Hog trade opened rather slow
sage Positions Sc But They Insist Down There Agency Offered Jobs to the Highest Bidder By OLARK PORTEOUS . Soripps-Howard Staff Writer 3 LAUREL, Miss, Mar, 7--National Price Stabilizer Mike Di-
Salle has denied that any jobs in his agency were Bold in {Mississippi : Bl oe
But folks down here say that an effort was made to mer|chandize price control offices to the highest bidder. If no price con-
like DiSalle Denies Pr
we
ns Sold to Missis
[top of the Hst.”
How many job-seekers were) tempted by this pitch is not
preferment to his uncle, James HE.
Federal Conciliation Service dur-
Palmer Sr, who was with the),
known, but I was told by an ap-
The all-day good and choice $36 to $37; com- parently responsible official that a
man in Liberty, Miss., gave a $300 check and then stopped payment after the postal service job scandal broke.
Meanwhile, that scandal Is causing some red faces. I went to see the acting postmaster at Meridian, Miss., C, Herman Sharp. Mr. Sharp is the 44-year-old owner of a filling station and garage which he says grosses $150,000 to $200,000 a year, He obtained the $6000 postmastership last September” after the former
|Party, after the other Democratic
ing the war and now practites law in Meridian, He mentioned that a cousin, James E. Palmer Jr. now lives in Washington and last year was president of the Federal Bar Association, an organization
eral government.
of information about Clarence Hood Jr., the now deposed acting
became the Mississippi contact man for the national Democratic
of lawyers who work for the fed- Stok
I turned up an interesting piece|J,
national committeemati. Mr. Hood Am
fncumbent retired. .. ooo He was widofie nites $6 tive) paid $2300 to the Trumancratcontrolled Democratic Committee for the post. : | But he told me, “I'm glad you icame., I would like to get this matter cleared up. I've been {crucified. Folks are saying I paid [to get the job. Some say as much las $3500. But it’s not true.” Mr. Sharp said up to his apipointment as acting postmaster he had never had but one interview with Clarence E. Hood Jr. removed a few days ago by {Democratic National Headquarters in Washington as the acting {Democratic national committeeman from this state. Mr. Sharp said Mr. Hood drove
Sandard fn Donation for Float -
“A leader in the Trumancrat faction, who since has turned antiTrumancrat and claims to have warned national party bosses a year ago of the sale of postal offices, told me that Mr. Hood became national committeeman after "contributing $1400 for a float in President Truman's 1949 inaugural parade.” : Mr. Hood himself does not seem to have been a registered Democrat at the time. He is not on the books at Quitman, Miss., his family home. And he did not come on the books at Meridian, where he resided while national commit-
| fell from grace f a Ing Te leaders here fel : oo Joh ry by KH 4
iin ntrol
. ign op, sippians
on being Democrat |==they recognize other kind, And it's ¢ ne to. go to the registration place ‘be entered in the books. But Mrs. W, B,
Rivers, chief deputy Circuit Court clerk at Meridian, said Mr. Hood had her bring the books out to his house so he and his wife could register. “She said he sald he was
raday, 1s ae Wade was Father sel jobs were actually sold, they say it was because premature is- Sick. : itis w eak to 25 cents lower Closure of the commerce in Post Mr. Hood is now reported ene | Bl1t8 ‘were wea ° Office jobs caused Democratic/ became postmaster and sald he gaged in the lumber business in than early yesterday. politicians to halt their plans, was going to recommend me. He South Carolina. | Hogs 9000; bulk choice 170 to" Moreover, sources here say that said he didn't know me, but some rm— 250 pounds $21.50 to $21.75, feW ur. pigalle’s “investigation” of |fine people had recommended me. Local Stocks and Bonds loads $21.85 to $21.90, top $22\the situation within the Missis-/He said I was under no obligasparingly; 250 to 280 pounds. area of his operation was|tions to him and he was under —Mar, 7 ana |$20.75 to $21.50; 280 to 340 pounds|o,nqucted in an extremely casual{none to me.” : amertial gate com : $20.25 to $21; 120 to 160 pounds|g,gpinn After the acting postmaster. \merickn Zisies ofe = 18% $15.75 to $28.; sows steady; bulk| I have just been shown signed|ship came through, Mr. Sharp L 5 res vy ed 3, 108 choice 300 to 550 pounds $18 t0\gaements dealing with the ac-(said he saw Mr. Hood again and Bui RR & six ¥rds com... 304 0) $19.50; choice lightwelghts $19.75, iiaq of two men, one of Lin-(that Mr. Hood advised him he sobbs-Merril} FEE 14 i to $20, extremely heavy tyPelooin Miss, and the other of Pike should see his congressman, Rep. Sentral U8 dom Ho 0% $17.75. |County. Arthur Winstead of Philadelphia, circle Theaer com i Cattle 900, calves 400; fleets ‘Czar In Control’ Bats out getting made per- Cummins’ Bae pra 111111! M 8 ‘and yeatlings active, fully steady anen um Sa raya: s 30Y9 ” to — 50 cents higher;| According to the statements, ‘No Objection’ Con vrs. U4 to in several loads good to low choice the two men went to Woodville,| Mr. sharp then showed me a let- Delia le he Theo ofa ithe Jit Bw 1050 pound steers $35, load good Miss., and there announced to all ter from Sen, John C. Stennis (D., Fai 50/8 +141. re $34.50; © bulk commercial and); i. ested parties that a county Miss.) who has demanded a fed-| family, Fir w od L..... 100 good $31 to $33.50; -good to low hai { rice control would eral . investigation of job selling | Ha fon Co dom ii... gE in choice heifers $34, odd head|chairman for pric here, In .the letter from Sen.|HottJpngr S.A pid -..... 1 © 4 choice $34.25 to $35; utility to be appointed Mar. 1. Stennis to a friend of Mr, Sharp's, fi" ur oF ie "18 i. commercial light heifers and| They said the chairman would|the Senator sald he. had no ob- a Sie ob com 1110 ue mixed yeartings $27 to $30; utility be a “czar in control of every-/jection to Mr, Sharp's gethirg-ma. | BL Bh 121d (bey amd ;gommercial cows fairly -ac-|thing” and that anybody wspit-|permanent - status, ‘but that thy, iste ial com aie ee [tive, fully steady; canners and|ing to the post should contribute decision was up to Rep. Winstead. indpls Ath Club only 88 "od . |cutters steady to weak; bulk $300, “payable to the Democratic| Mp, Sharp also had a letter} 3 4 A iu Report Draws Hoosiers utility and commercial $24 to|Committee.” No flat uafuniey from Mr. Winstead saying that|;o it. : $27.50, young kind $28; canner? could be given, but such a con- Mr, Sharp would receive “eon- Ki COM 'vuv.u.s 4 About 500. Indiana citizens | cutters $19.50 to $24. Bulls tribution, it was sald, would as-|gcientious consideration.” fh utility and commercial sure aspirants of a place “at the Mr. Sharp ascribed hig political i . i
Pr PRM . Tv Pub Serv of Ind Com ... {Ross Gear Tool com ... |Sehwitzer-Cummins pfd {80 Ind G&E com ... So Ind GXE pfd ...... | 18tokely-Van Camp
nner & Co 5% % pid... Terre Haute Malleable .... AR one 8% ofd
EE
fie
Local Produce Jais—-Crrent receipts, 54 Ibs. case, grads 2 Ia e’ ey nel B50 wis, 4% lbs. and over, 29c; tal WE dnd der elt than No. 1. : Butterfat—No. 1, 8c: No. 3, 82c.
Local Truck Grain Prices
up to his filling station “before I|teeman, until Jan. 13, 1950.
32 Years of Progress:
Sybeagy 1: Y 3» Re 3
w. 4
~ Arvin Reports to Stockholders on 1950
{
{
|
| |
WIDE RANGE OF ARVIN PRODUCTS for home and motor cars produced in 1950 is shown above. In television, the company produced 23 models in all styles and price ranges. As a manufacturer of radios, Arvin ranked near the top in units produced. The electric housewares line Included electric room heaters, toasters, irons, wafflers, combination grillwaffler, table oven, in-car heater for outdoor theaters. The 1950 metal fur. | the basis
niture line consisted of 12 basic models in 31 colors. Metal ironing boards and outdoor metal furniture supplemented the line. As a supplier of U. S. motor car companies, Arvin manufactures parts and components for 19
Net Sales Hit
Nineteen-Fifty was the bi history it was disclosed by G
cation of the company’s 1950 c last i Eo Industries, Inc., was known as Noblitt-
ving 5 the Tr. n, to Company’s 3400 A 1 said net sales for 1950 reached an alltime high of $53,684,137.72—an increase of more than 44 per cent over 1949,
Earnings Rise vision of
nfakes of cars, eight makes of trucks.
Earnings, after a $3,355,270.04 for F al taxes, amounted to $3,605,126.20 or $4.04
per share on the 890,625 shares outstanding at year’s end. Earnin on a comparable basis in 1049, were $3.47 i share. A per cent stock dividend paid July 6 increased the shares outstanding from 593,750 to
890,625, Cash dividends, computed on of the number
New Arvin Factory
Employee Wages,
Benefits Increased
Arvin employees received higher wages, enjoyed greater benefits and worked under better conditions in 1950 than ever before according to | ranks
Arvin's Annual Report.
_ The Report cites wage increases, ‘Bxtension of the insurance program
(to include employee wives and |products now enjoyin children); and the ‘earning of three ddd ley in} Saseat T¥.radio-phone somblas, National Safety Council Awards. tions. equipped, Employment at year's end was| Arvin Industries, Inc. now owns || the new plant can be adapted nearly 25% above the previous |and uses in its operations more to making electronic devices year-end. ) than 1,000,000 sq. th of floor space. for the Armed Forces.
Company Name
Turns Out TV Sets
Changed in 1950 tions, the company’s 12th facAe in the compitry ory was opened In 1950. The —from Noblitt-Sparks Industries, plant contains 102,000 sq. ft. Inc., to Arvin Industries, Inc.— and is adjoined by s 5-acre high among important Arvin parking lot. events of 1950. Purpose of the From production lines of is to u kably the new plant last year came
name change identify the company with Arvin 23 different TV models and
10-YEAR RECORD ‘OF SALES, EARNINGS, CASH DIVIDENDS PAID Cash Divi- | Shares OutYear Net Sales | Bgrriings Dafore | pederal Tovey | Sermings After dends Poid | standing at 1950 $53,684,137.72 | $6,940,396.24 | $3,335,270.04 - | $3,605,126.20 $1.6635 | 800,625 1949 37,128,668.64 | 4,998,364.85 | 1,904,624.67 | 3,003,840.28 2.20 593,760 1948 35,447,680.80 | 8,973,679.29 | 1,613,445.97 | 2,460,133.32 |° 2.00 593,750 1947 | 34,418,211.31 | 4,281,803.83 | 1,633,278.95 | 2,648,614.88 | 1.15 | 508,760 1946* 20,364,869.40 986,260.56 315,076.91 670,184.64 + 200 ‘ | 296,875 1945** | 20,762,906.60 | 1,840,350.07 +| "1,059,701.51 780,648.56 2.00 296,875 1944** | 28,080,443.73 | 8,100,279.66 | 2,146,362.72 953,916.94 1.70 296,876 1943** | 26,990,068.45 | 2,837,133.83 | 1,856,777.98 | 980,355.85 | 2.00 | 287,600 1942** | 15,666,545.77 | 1,853,006.00 | 1,020,424.23 | 823,671.86 | 200° | 237,500 1941 15,191,638.41 | 2,316,008.52 | 1,220,570.99 | 1,095537.53 | 8.50 | 237,500
ft Based on shares‘outstanding at year-end. . ® Federal Taxes for the year 1046 are shown net after carry-back of $61,398.83, . 3 #% Net Sales, Net Profit before Federal Taxes, Federal after Renego!
*
228 and 1945 are all shown
r
Taxes and Net Profit after Federal Taxes for the years 1942, Me “ + : y -
$53,684,137;
Earnings Total $3,605,126 or W- hompeo, presfint of
Arvin Industries, Inc., Columbus, Indiana, coincident with publi-
annual report. Until its name
of shares, amounted to $1.66 pe share compared with Aon _ Arvin manufactures a diversified line of for homes and motor cars including television and radio receivers, electric housewares, metal dinette and outdoor furniture; iro and car heaters. In addition, the company "manufactures parts for 19 makes of cars and 8 makes of trucks.
| Arvin Plannin
Defense Work
Anticipating increased defense buying and decreased civilian production, Arvin in late 1950 established departments to contact Federal agencies, administer controls
within the company and within th with the Fed md ernment in its defense For several months of year
Arvin built limited quantities of for military vehicles and late in 1950 was working on its first prime contract. Bids were outstanding on a number of prime and sub-contracts at year’s end. While awaiting defense orders, Arvin continues to rake television electric housewares, radio, me furniture, car heaters and com-
ponent parts for automobiles in volume, :
Arvin’s 1950 Annual Report Now Read post
Copies of the 1950 Annual Report of Arvin Industries, Inc., are now being mailed to stockholders, Additional copied cat be obtained 4 writing Arvin Industries, Inc., olumbus, Indfana.
* . ° Arvin Views ’51 With Confidence “Arvin is well qualified to give a good account of itself in the year ahead,” asserts Glenn W. Thomp» son, Arvin president. “Arvin plants, machinery and equipment are for efficient uction. The iod ahead is a chal-
lenge which can and will be met successfully.” ;
(This report and the financial statements contained herein are submitted for the general jnformgtion of the stockholders of Company and are not intended tq any
bt
.
- —
induce any sale or piirchase shares of the compa
company.)
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