Indianapolis Times, Indianapolis, Marion County, 27 June 1941 — Page 27
¥ Ca —a——— yah r———- i oid ST
PAGE 7 |
FINAL NEW YORK STOCKS _
By UNITED PRESS DOW-JONES STOCK AVERAGES 30 INDUSTRIALS Yesterday ..iviiecoseiveeess 128.96 40.44 Week Ago ... coe 12019 —1.29| 0
THE INDIANAPOLIS TIMES
Bread Basket on Wheals
y, JUNE 27, 1941
SINESS
(RAW MATERIAL SHORTAGE SEEN
High Low
. 2% 2% . 99
«lk : reen
Net High Low Tast Change —l— wt Va-Caro_6 Pt. 3 Vulcan Det ..
gr Wal
Race Against Time Is in Plants Where
‘Machines. to Make Machines’ Are Made
By WILLIS THORNTON - Times Special Writer
ok SINCE THE DEFENSE
Bs been tossing around words like “machine tools”- and “tooling up,” with only the vaguest idea~of what they were And the fact that proves it is fhat they éouldn’t see why a fine auto factory full of elaborate machine tools couldn’t switch overnight to turning out airplanes
Ralking about.
+ instead of automobile engines. It is not too muck to say that the future safety of the
country depends on its ability to turn out machine tools. Let’s see why, and what it means. Let's begin 3 at the begin-
A ‘man has a block of metal. He wants to make a gunbreech out of it. If it is roughly the right shape, he can, by patiently filing it,
make it exactly J the right shape|y
and fit it into the gun. He has used a tool a file. ‘But suppose he has 10,000 similar £uns to make, in & hurry. If he could devise a machine into which He could put that rough metal block, s0 that the machine would itself do ‘all the filing (that is, removing the surplus metal) that he had been doing by hand with the file, he'd have Something. Indeed he would. He would have machine tool. ~ A macnine tool, in short, is a complete power-driven metal-work-ing machine not portable by hand, having one or more tool or workholding . devices, and used for progressively removing metal in the form of chips. That's the definition of the National Machine Tool Builders’ Association. They might have added “for removing metal just to the point where the work has ext actly the shape and size required” and “doing the whole thing pretty much automatically, with inhuman accuracy and speed.” . One man filing out those gun-
blocks by hand might turn out two [G2
or three a day if he were highly skilled. No two of them would be exactly alike. But the machine may A taarn out hundreds of the same par a day, and all of them will be exactly alike. On that mass production of exactly-duplicated parts the whole modern mass-production economy is founded. Thus the ma‘chine tool for producing those parts #8 at the bottom of the whole modern industrial pyramid.
Modern machine tools are terribly | & joo.
expensive, They may cost all the way from $50,000 to $250,000 apiece, Jepending on their complexity. erefore you can see that it doesn’t pay to build them or buy them unJess a tremendous quantity of work is to be turned out. Why couldn't an automobile plant, fully equipped with fine machine tools for making autos, be .turned ‘almost instantly to the building of planes? Well, there is almost no rity, for instance, between an motor and a plane or tank mo- _ an auto frame or an airplane oF tank frame. Suppose the auto acturer were using an engine which required 30 holes to be into it for the bolts holding Zhe cylinders to the block. He have a machine tool to do the r many such machines— antic drills which, with uncanny > y and speed, drill the holes gp those blocks as they are fed into Re machine. along comes an order for airne engines. , The airplane en-
is rotary instead of horizontal | C%
~=if requires 280 holes in its basic instead of 30 — different 35 in different material, differfinished. His elaborate :mafor drilling the automobile |g 1 e-block is useless for this. _ *A new machine for drilling the : airplane engine block must be designed and built. That takes time. In the meantime, while it is being designed, produced and installed, is a lag. hat Ty the period we are in to- . The race against time today i£* in. the shops where they are building the machines that will build the machines (planes, tanks, ships, shells, guns) on which Ameria bas staked her future.
Da las)
—
hid ET. AS ar
— vi. at
"| Month Ago .. | Year Ago
Bou Whisxe!
YE o 7 fi]
pP : | cattle dull,
EMERGENCY, a lot of people
SWINE REMAIN AT HIGH LEVEL
Top Price for 200 to 210Pounders Still at $11, Year’s Peak. HOG PRICE RANGE
Fon Receints .60
June June June June
Hog prices at Indianapolis continued to hold to their three-year record level with steady prices prevailing today at the Union Stockyards, according to the Agricultural Marketing Service. The practical top quotation on 200 to 210-pounders was still at $11. Salable receipts were: Hogs, 7500; cattle, 300; calves, 700, and sheep, 200.
j20- 140 pound
240 pounds 270 pounds 270- 300 pounds 300- 330 pounds Jae. 260 pounds
UM 160- 200 pounds Packing Sows
Good and Choice-= 270- 300 . pounds ...ccc00.c0.0 300- 330 pounds 330- 360 pounds
10.25 cesssssacses [email protected] sesssssscssce [email protected]
[email protected] 9.65 330 9.60@ 8.76
“9.50@ 9.65
10.35
od— 360- 400 popnds 400- 450 pounds 450- 500 pounds edium-— 250- 500 pounds Slaughter Pigs
Medium and Good— 90- 120 pounds
[email protected] CATTLE
Slaughter Cattle & Vealers (Receipts, 292)
Steers Choice— 750- S00 pounds 900-1100 pounds 3 Jis- 1300 pounds 00-1500 pounds .... 11. 50@ 1275 [email protected]
[email protected] «+ 310.25@11,00
[email protected] [email protected]
8.50@ 9.75
1100-1300 pound 308. 1500 pound
(780- 1100 ounds ..... 100- 1300 Bound .e
1% 750-1100 1 pounds Steers, Heifers Cholce—
$00 “180 pounds 500- "750 pounds
10.50@1 1.35|© Heifers Choice— F302 900 pounds
750- 300 pounds .... Mediu 00-50 900 pounds ...cc.cesceen
mmon— 500- 900 pounds
. [email protected] 10.50011.35 [email protected] 8.25@ 9.75
Good
Feeder and Stocker Cattle
(Receipts, 594) 500~ 800 pounds [email protected] dr 1050 pounds ...... Seen 3. wail 50 oon "800 pounds ...... [email protected] alae pounds .... [email protected] el sob. ) pounds [email protected]
Com 500- 900 | pounds 7.75@ 9.00 Calves (steers) Good and Choice— 500 pounds down Medium:
500 ‘pounds down
Calves (heifers) Good and Choi 200 pounds own.
Choic
[email protected] [email protected]
10.50@12,50 500 ands down [email protected] SHEEP, LAMBS (Receipts, 301)
Lambs (spring)
Good and choice ....o..c.es.. [email protected] Medium and good ! [email protected] [email protected]
13813
CHICAGO LIVESTOCK
+3008; weights 240 lbs. cents lower; heavier butchers, 10 Yo 15 cents off; sows fully 15 cents lower; top, $11; 180-270 lbs.. $10. Ysa 11; most 270-330 1bs,, $10. [email protected]: smooth 330-400 lbs. packing sows, [email protected]; 400BooeiD, bid. [email protected] largely. Cattle—Receipts, 1000; calves, no reriobon outlet here for meager Supply 15 fed steers and yearlings; crop mostly light and medium weight steers; bulk supply being ‘taken off market in face of sharply lower bids; few scattered loads weak to 25 cents lower. mostly [email protected] on strictly grain fed medium to good grade steers; best, $10.50; few loads common and medium offerings, [email protected]; heifers scarce, but under pressure and along with cows unevenly weak to 25 cents ar 3 quality considered not much changed on weighty sausage bulls at $8.75 down, but all other 10 to 15 cents off: vealers steady up to $18.80; week-end trade on stock
Sheep—Receipts. 500; all classes slow steady; few ‘closely sorted native spring Ione y $132; other small lots, $11@ 11.75 with throwouts mostly $10 down; one deck good to choice shorn old crop lambs, $9.50; medium to good kind, choice Sight weight fat ewes, $4.75; bulk clean-up sale, [email protected].
DAILY PRICE INDEX
NEW YORK, June 27.(U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commadities
Ewes (shorn)
Good and choice Common and
Hogs—Receipts, down, steady to
average equals 100): Yesterday Week Ago fessrecannens Holiday
1941 High (June 26) ........ 139.84 1941 Low (Feb. 17) ......... 123.03
U. S. STATEMENT
WASHIN! aTow, Sidi 27 (U. P.).—Government Expense and receipts for the current fise Year t Tough June 25, compared witn a vear ag
Receipts . 7,528, 3, 439. x 5,835,901, 383. 24 2h, ,376. 8,651.1 3.08 2 S88 a 262. 18108 12
42.913. 10
'modities
small.
day's gains.
Belt t Centra, a Pow 7% pfd
$8.85; few| com
compiled for United Press (1930-32 d
This ih Last Ind. As Expenses nl ,467, 91 716. Sit $9,487, 589, 916. 29
mid Hak ¥
"May Have to Reduce | Civilian Trade. NEW YORK, June 27 (U.P). —
Defense iequirements and raw material shortages are foreing an in-
goods, to curtail regular e¢ivilian business, a survey prepared by the Conference Board showed today. “More than one-fourth of the companies contributing to the survey report that they are experiencing difficulties in satisfying both defense and non-defense demands,” the independent fact-finding organization declared. “They have consequently had to reduce their output of non-defense goods. “Priority rulings and shortages of raw materials are given as the main reasons for the curtailment. Another factor is the need for turning available facilities and labor over to defense work.” Employment has been little affected thus far, the board found, with only 3 per cent of those con-
458 4ributing to the survey having found
it necessary ‘to lay off workers. Among these companies; it was said, are several making consumer comcontaining aluminum, zine or nickel, “Nearly 80 per cent of the executives reporting say that they expect to have to curtail production of civilian goods in the near future. A number of them do not see how they can continue their present production rates beyond another 45 or 60 days.” Large inventories and the use of substitutes were said to have helped many manufacturers in maintaining record-breaking production in spite of raw material shortages, but “a consumer demand of abnormal proportions is causing a rapid depletion
25|0f stocks.”
“Expanding payrolls and rising incomes are given as reasons for the heavy demand for goods. Fear
: that goods will become scarce has a also contributed to the intensity of
the present buying wave, in the opinion of a number of important executives.”
MAY JOBLESS CLAIMS DROP
County Figure Is $49,130, Kixmiller Reports; Below April.
Unemployment insurance benefit claims paid during May to Marion County workers amounted to $49,130 E. F. Kixmiller, acting manager O: the Indiana Employment Security Division office here, said today. Displaying a downward trend, the figure compared to $55,578 awarded
workers in April and $127,118 in May
of 1940, he said. Wilfred Jessup, State Employment Security Division director, said that employment claims throughout Indiana in May reached the lowest point since the program started three years ago. The figure for the month was $293,733, approximately oo|one-fourth the $1,049,949 paid to 3 claimants in May of last year. Previous low for this year was $357,932 in April, Mr. Jessup said.
STOCKS DIP AFTER RALLY AT OPENING
NEW YORK, June 27 (UZ P.).— The stock market turned irregular today after a steady opening. Volume continued light. Net changes in leading issues were Loft and Truax Traer Coal were active, the latter at a new high early in the session. Warner Bros. preferrell was up a point and the amusement list generally held or bettered yesterNew highs were made by Corn Products, Gimbel preferred, Proctor & .Gamble and Pure Oil 6 per cent preferred.
COAL OUTPUT GAINS OVER 1941 PERIOD
WASHINGTON, June 27 (U. PJ). —Bituminous coal production for the week ended June 21 approximated 10,500,000 net tons, an increase .of 329 per cent over the 7,898,000 net tons produced in the corresponding 1940 week, the National Coal Association reported today. Estimate for the latest week compared with: production of 10;050,000 net tons for the previous week as reported by the Bituminous Coal division of the Department of the Interior.
LOCAL ISSUES
The following Juotations by the Indian. polis Bond & + do not represent actual eM pr offer ngs, but merely indicate the approximate market "level on buying and selling quotations of recent transactions Stocks Bid Ask
Agents Pinance Co Inc, com., 1% - § Agents Pinance Co. Inc. pid.. 40 Belt RR & Stk Yds com k Yds pfd
Circle Theater com
L com s Water 5% pfd n Loan Co 5%% pfd ... n Ne' Lite Ins com .. 28 Pub Serv 5%% pid....,. Pub Serv 6% pid N Puy. Sexy 1% ig. Prosress Laun Pub Serv Co of Ind ¢ 6% pfd. . Pub Serv Co ” Ind 7% pfd. L122 So Ind G&L 4.8% 94 Terre Heute Elec 3% pid Union Title Co co soe Van Camp Milk p ds Van Camp Milk com
Algers, wine, w nh Ya 5%. 0 American Loan 6&8
Manufacturers Fear They
creasing number of manufacturers, particularly those making durable ;
%| Hea coloead hens,
the Turner, Kas., grain terminal swing.
In almost endless ptoedsion freight cars. bring a , flood of wheat to
as the 1941 harvest gets nl full
° Times Special
CHICAGO, June 27.--C. S. Young, Federal Reserve Bank of Chicago president, today reported gains in 1941 employment and payrolls in the Seventh Federal District were the greatest since the days of NRA. By the end of May, employment showed a gain of 27 per cent over 1940, he said, and payrolls were’ up 47 per cent. A large part of the increase has stemmed from the increased activity in the steel industry, Mr. Young said. He said the rise was general throughout all industries in the district, but particularly impressive in
-/the payrolls of the vehicle industry,
reflecting increased wage rates and longer operating time schedules. Department store trade was 15 to 25 per cent greater than the year-ago period, with Indianapolis sales. up 24 per cent, he said. If the five-month average of the steel industry continues throughout the year, the district will produce approximately 2,000,000 tons of ingat, he asserted. Agriculture has shared in the expansion through higher prices for Rlok. grain and dairy products, the Federal Reserve Bank president said, He pointed out that during
ISEC MILD ALONGSIDE
ARMY, MARTIN SAYS
NEW YORK, June 27 (U, P).— Private William McChesney Martin Jr., who drew $48,000 annually as president of the New York Stock Exchange until his recent -induection into jhe Army, thinks sergeants are tougher than the. Securities & Exchange Commission. On leave from the Army, Mr. Martin recounted some of his early experiences- as a member of the armed forces. Mr. Martin said that he was encountering considerable difficulty in properly executing certain maneuvers in close-order drill six days after he had been inducted when a sergeant remarked: “I've seen some stupid people, but you are by far the worse. It's a lucky thing you got in the Army, because you would never be able to make a living anywhere else.” On another occasion, Mr. Martin said, a hard-boiled sergeant, in citicizing the ineptness of the selectee at rifle practice, asserted: “The trouble with you, Martin, is that you are too old.” Mr. Martin, 34; pointed out that when he was president ofl the Exchange he met constant criticism from some quarters because he was regarded as “too young” for the job.
SALES EXEGUTIVES TO HEAR WEWAN
Members of the Indianapolis Sales Executives Council will get firsthand information regarding defense contract problems Monday when they are addressed by Capt. Thomas
S. McEwan, Chicago. Capt. McEwan, who is district manager of the defense contract service of the Office of Production Management, will address the Council and members of the Advertising Clue of Indianapolis at a dinner at 6 p. m. at Cifaldi’s. He is expected to outline the various problems confronting executives of plants working on defense contracts, after which he will answer- questions. from the floor. Following Capt. McEwan’s talk, there will be a transcribed speech given recently at the Pacific Coast conference of Sales Executives at Los Angeles, by Arthur H. Motley, | be vice president of the Crowell-Collier Publishing Co. Presiding at the meeting will be Robert G. Spears, vice president of the Standard Margarine Co. and president of the Council,
WHEAT CONTINUES RISE AT CHICAGO
CHICAGO, June 27 (U. P).— Further gains were recorded in wheat on the Chicago Board of Trade today with July and September contracts moving to mew seasonal peaks. At the end of the first hour, wheat was l te 7%~-cent a bushel higher with July at $1.06%. Corn was up 15 to %; oats up %; rye unchanged to up %, and soy beans were 1% to 2% higher. ‘e
LocAL PRODUCE |
breed Solored hens, 17c; No. 2 rn hens de: No..2 Leghorn | iy 9c: Tees. Barred and Rock. bs. and white Je No. ‘2 springers,
“Barred CRE 12¢ . obs die
"8 we RL Ro i
Payroll, Employment Gains” | Reported Best Since NRA
May wheat receipts gained 75 Per Be icent over the 10-year average. Since Bein Steel
‘months.
the first of June prices have moved
sessions. * Advance in hog prices which has been more or less steady throughout the year, rose sharply in May and
all grades of slaughter cattle also increasing. Foreign trade in meat products |B continued to be dominated by pur-|® chases under the Lease-Lend Act, Mr. Young said.
PLAN LONGEST
1800-Mile Project or Links|5: Between Present Lines ‘Being Studied.
By FRANK J. WILLIAMS Times Special Writer
thing to recognize the need of a pipe
Bayonne, N. J, and another to get it laid, according to oil men ‘and pipe-line builders, who say the pub-
magnitude of the task. They are by
or should be done, and so various conflicting plans have been placed before the Government.
The oil trade is task of bringing in 2 of crude oil a day by pipe line, which is the amount of oil cut off from the Eastern market by the loss of tankers commandeered to aid the British. It is estimated that a 20 to 24-
against the
longest pipe line ever attempted in this country. The only other pipe lines anywhere near it in length and Size are in the Iraq and Iran oil elds.
Two Plans Weighed +m
One plan was to run a 24-inch pipe line as straight across the country as possible at a cost of around $70,000,000. Another was to take a’ circular course to hook up
It is figured that the long pipe line would take nine months to build and the one which would hook up with existing lines three or four
would cost around $30,000,000. The long, straight line, it is estimated, would require about 1800 miles of 24-inch pipe, while the hooked-up line would need about 1800 miles. Obtaining the necessary pipe is probably the most serious problem in the project. Only three or four manufacturers in the country are able to produce pipe of that size. it is said.
a tremendous job, but not a complicated one, engineers say. Once the route is Taid out a bull-dozing machine would soon clear the path, and a ditching machine; which can do the work of about 50 men digging with pick and shovel, would dig the trench. There are mountains and. rivers to cross, but engineers are not afraid of them. =
Need Powerful Pumps
tions, especially in the mountains. An oil pipe line is buried only abput four feet in the ground, Lengths are welded together and rolled into place almost as fast as the trench is dug. There are control valves Hong the way so that a flow can
pumping - stations are located at regular intervals, In the mountains
quent.
anyone realize what it means to fill a 24-inch pipe with oil for 1800 miles? The pipe would always be kept filled, One question they ask is, How long will the East Texas field last? It would be too bad, they say, to build the pipe line and then have the field drained in a few years. There are many other felds to be considered.
eters REFRIGERATOR SALES. UP
Manufacturers’ sales of electric refrigerators. in May amounted to 403,339 units, against 358,713 in the| Bu corresponding 1940 month, an in-
trasts with year-to-year gains of
reported today.
WAGON WHEAT
Batu he hh be hb be hh he he be hh hb he be be he bb eh hb hh bh
up sharply and dollar wheat has|! been the rule most of the trading}
June, he pointed out, with prices of|p
DIL PIPE ee
NEW YORK, June 27.—It is onel$ line from the East Texas oil flelds to |g
lic is‘ just beginning to realize the e no means agreed on how it could|g
,000 barrels |g
with short pipe lines in other fields. Deore
pumping stations are more fre-|S! G - Pipeline men want to know, does |g
crease of 12.4 per cent, which con-|-
nearly 50 per cent, the National|; Electric Manufacturers’ Association|!
PE
BEREEEREREREE 2988882 ges
ait | re
to a.
5 g
3
BBEBEBREEE
Bald Loco ct ... 3alt & Ohio.... alt & O pf ... Bangor & Ar
3arber ‘Asphalt. arnsdal
cou FEE
3 Gb gw
Cal ian Zac «1 Callahan Zine... Calumet & H... Campbell Wy . a Canada Dry ... 13% Can Pacifio oi 3% Carriers & Gen. 2% Case J I Celanese
Cent Viol Sug... Checker Cab .
2 CG ye pt 6% Chi Msi} Bok 8% Chi Pneu I 4
. | Chickasha cr Childs
Pp Comw Edison .. Conde Nast ... Conse Aircraft . 313s Cons Cig wor. pf Cons $.Coppermns Cons. Edison ison pf
inch line will be needed, perhaps|Con for about 1800 miles—which is the Gon
27 Oil Del . 23 Copweld Steel: + 15 Corn Tred 19 Cran 167 Crone So cvpf [100 Crown etter.
. 87% : . 5% Curt P r pf 20% Cur 28, P » “h 7
Curtiss-Wr A.. Cutler-Ha= «17%
iO
De 2 Ld bt 3
F FEEFESEE FW
ba SRE282R ABR. 508
a. SaaS "SES
. RDO «Tih oIoT
“ LININ FEFFEES
on aaa
20 12% ° . 38%
he Poni
Deere & Co ....
The. latter, it is estimated |B
u : a uques L pf....114%
East Air Lines. East Kod: Elec Ans I . Elec Boat El Dey $7 pf. 3%
+1303) 41s
Elec
The actual laying of the pipe is|®*"
- 3 Ya 63 H i
Fair Morse .. Fed. Min Sug - ing s..
Fe Peres, Enamel |
ote Food Mch cu cv. 10415 Foster heel... 1534 Fost-Whl 12 i BL “36%
Some powerful engines would be|Gen Am needed to equip the pumping sta- oe
Foods Foods pt . 1116 n G G&E 6écvpf 9 Mills ..... 79} Mills pf ..1273% Mot ...... 38%
. 15%
stopped in case of a leak, and Ge
NEW YORK, June 27 (U. P.).~|Hos
Hud Bay Hudson Motor.
Hupp Motor aes 8
Up the close of the Chic fevators paid” 986 fou h 3a |x ;
116 9
3 Hi 6
15% 67
3% 7-16
a =
DEDEDE FI DH] IR DL
P1411: +
LLL +E HHL:
| I. £ FN
PEE
t+Hi+]
$v LI] I+]
!’ |Norwich Pharm.
/
Bw seers x
: aa FE
esr
TEE EE g ae
a
J
&
seer re ya FR
.. -. a
2 Savage 4 2 Schen
i, | Seag: . re “Roebuck. 7
5 Ship . Norf ka "Wes. a
, Qil . | Oliver Farm Ed 3 | Omnibus pf ‘ /* | Otis Ele
; overs Ya pf.
Holiday é 122,06 41.37 High, 1941, 133.50; ‘Low, 115.30. High, 1940, 152.80; Low, 111.84. 20 RAILROADS Yesterday - ..... ; Week AO .....oecivscrannse Month Ago .......«. Holiday Year AO ....ccocoveninuscis 26.15 +0.42 High, 1941, 20.75; Low, 26.54, High, 1940, 32.67; Low, 22.14. 15 UTILITIES Yesterday ....
28.64 40.14 27.08 —0.14
desdvsussngne
17.05 +0.22 11.77 0.27 Holiday +0.75
“estegarrin
22.85 High, 1041, 20.65; Low, 16.82. High, 1940, 26.45; Low, 18.08.
Net Last Change 38 -— : -'th 2% ~~ 8
= 1%
Johns-Man 324 3 03% Jones & L 7 ‘pf. 104 10418 104%
le aufmann Fe -102%h 103% 103 p a 100%
t+ +] : a
(endall pf ....100%2 100%a
Kennecot {inney 5
ree
36% 4% Ya
28%
Tvoriabl
oe -
TELLER +4 foes
vo onsanto ofA . ont Ward .. onsanto » c & Ess
or otor Prod .... Motor Whi .... Murphy G © .
M M M M M
£ Au
“IRR IO
ade SRFTEFESISN SEE
——
® _ -
Penn 6 i E 5% "ot of
Newt News 8h. 5% NY ral .... 12%
No A No g Ava. No Se nt
No cific Nine si.
bait 6% 82 12 lO 9% 9 2018 20% 84 8 14% 14% 457 44% Pi
3 34 17% 17%
Ohio
Owens Glass.
18% Hir-G&W ih Walk H- * siodd pf 13 i
gg t
n Not Air Bk .. Westing El .... 95 Wh
be
11:: FE SEESREE REE SEE
Eso dBENE SEE
Yellow Tr .
. 14% Young Sheet ..
36%
FOOD PRICES
HICAGO, June 27 (U, P.) — Appl New Illinois, Ma Joc as 0. agh1i oe!
$1.25. Carrots—California crates Lettuce—California, crates, $ ssl 50. Sweet Potatoes—Tennessee, hu,, $1.2 @1.30. Onions (B0-1Y. sacks)—Texas Y ermudas, [email protected]; Texas White $1.85@32; California Yellows, $1.90
HAHN BACKS PRICE
14 36
Waxed, @12.10.
"NEW YORK, June 27 (U. P.).—=
* |Price Administrator Leon Hendere ‘|son’s condemnation of “price pree
vailing” orders and his request to
s furniture and refrigerator manus
facturers to ‘refrain from further price increases without his consent
*| “appears like a fair method of prow
cedure,” Lew Hahn, general mane
lager of the National Retail Dry
Goods Association, declared today. “Price increases in the furniture
s{fleld have been substantial and
while retailers have been willing to
» [recognize that manufacturers’ costs
probably have been increasing, there has 'seemed to be something of a
_ |carefree attitude in the way price
increases have been announced Mr. Hahn stated. He emphasized that the National
1, Retail Dry Goods Association has | “consistently
impressed upon members that it is unreasonable to expect any manufacturer to pay
» | more for his lahor, more for his mas
terials, his supplies and more inh taxes and still turn out a product of undiminished quality at the price he made in previous times. “We. do not expect the impossible and we are sure that Mr. Hendersofy does not. It would seem, however,
2|that- in many cases, where some
modest price increases may be rees ognized as justifiable, many manu facturers have announced increases
. | which may have seemed to be some«
what more than the circumstances justified. »
CONSECRATE CHURCH AS CONGRESS CLOSES
MINNEAPOLIS, Minn., June 27
...*| (U, P.).—Denis Cardinal Dougherty, | Archbishop of Philadelphia and
Papal legate of the Ninth National
.. | Eucharistic Congress, today conse *| crated the Basilica of St. Mary.
The Basilica of St. Mary was the
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Pure O 8 pf .. Pure O 6 pf ..
et
et. o " Met gucvp! df eyn pring 7 ichiel ob 8 I Roa fll Rust R
Safeway St Jos St
Servel Inc Sharon Bt i. 6 Sha & D..
1 | keting Area milk | nounced today.
ne n.. Nuperior on . Symink- ou ming-Gou Xv bi
Fox Corp .
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olis to be consecrated. The consecration followed the close of the Eucharistic Con gress
2| last night, when Cardinal Douro
bestowed a benediction to thousands
. of kneeling Catholics.
The closing benediction wis pre«:
‘s,| ceded by a six-hour procession of: 2 the Blessed Sacrament, which was! 4 | witnessed by thousands who stood!
four deep despite drenching cloud=! bursts. . About 80,000 members of: the Hierarchy and Laity particle;
s| pated in the march.
BRITAIN WILL CALL
WHEAT CONFERENCE!
LONDON, June 27 (U. P.)—The |
| International Wheat Advisory Come |
mittee—shorn of all delegates from, enemy-occupied countries—will be’ called into session by the British government within the next few! days to consider problems created by the huge world wheat surpluses now on hand, it was learned here |
s | today.
World wheat producers already | have extra stocks totaling more | than 1,000,000,000 bushels, plus new: crop surpluses still to be calcue ! lated in Argentina and Australia,
{JUNE MILK PRICE SET
AT $223 BY COLLER:
The price for milk containing 4: per cent butter fat will be $2.23 per;
’ : ,
: | hundredweight, F. O. B. distributor's :
plant, for the first half of June,; Leon C. Coller, Marion County Mar= ; administrator, ane! The figure is for! milk qualified by the City Board of | : Health.
2 DESPERADOES CAUGHT BROADUS, Mont., June 27 (U. P),
{| —Two youthful desperadoes wanted :
in five ‘states for holdups and kid | napings were captured 24 miles: southeast of “here today. The cape | ture ended a search by 60 armed :
‘men in the badlands of the Powder
River country.
Gri Dealers TTR
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RESTRICTION ORDER:
its
first Catholic Church in Minneape
FIRE CASUALTY AUTOMOBILE INLAND MARINE INSURANCE for Careful Property Owners at Substantial Savings
5 ey 4 pak ta CSR —