Indianapolis Times, Indianapolis, Marion County, 13 March 1942 — Page 28

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‘Japan’s New Empire Rich in Raw

Materials Needed: by War Machine

— Ea IN THREE MO

Co. Then, after the

) ernment took over directly. ; vho had plenty of guns, planes and ships, rule this rich ter-

ER BUDROW

¥ S JAPAN HAS HI-JACKED empire that has been under Dutch domination for cenFor two centuries it was run by the Dutch East

Napoleonic. wars, the Dutch Now the men of Nippon,

This empire holds a virtual monopoly on the world’s and tin. When the damages of the scorched earth

policy are repaired, Japan could get enough nietal and oil

She needn’t

pendence upon imports has been reduced immeasurably. Conquest of British Malaya and’ most of the Philippine islands gives her 80 per cent of ‘the iron ore she needs. From the Philip- ; pines” and from Burma she can Eoger Budrow ;..y half of the copper she must have. : The Netherlands Eat Indies, ‘British Malaya and Burma produce around 23 million barrels of gasoline, 10 million barrels of motor oil and 13 million barrels of fuel oil. _ (Also there are supplies of coal, ‘magnesite, nitrates, potash, lumber, copra, sisal, palm kernels, oil seeds, kapok, gums and resins, vegetable olls and rope. ‘Japan grew to be an industrial ‘and war power by importing—paying for—these vital products. Now they are hers; she is ing Self-sufticlency. $ ” ” 8 | TAXES SLICED thie profits of . another Indiana utility last year, the Northern Indiana Public Service Co. Its annual report shows it received $22,300,000 in revenues or about $2,300,000 more ‘than in 1840, But taxes went up $1,000,000 and other expenses increased. The

. result was that its profit of $2,700,000 is $158,000 less than in 1940.

: : 2 o 8 ‘ODDS AND ENDS: J. P. Mor‘gan & Co., now a public instead of ‘a private bank, is seeking membership in the Federal Reserve system, , + + Time, Inc.,, made $8,700,000 last year or about $250,000 above 1940. « - « Newport News Shipbuilding & Dry Doc kCo. had only one customer left at the end of last year— the navy. . . . Eastman Kodak has 14,000, 000 invested in countries now under axis domination. . . . General Foods Corp. is pushing the hunt for ‘substitute food products because of war shortages. . . , General Motors - expects to employ 400,000 workers when it hits peak war production. Previous record was 202,000 in June Jast year. . . . Copra (coconut meat) crushers will crush oil from soybeans and peanuts now that Philippine coconut imports have been cut off. + « Unless Southwestern U. S. states more rain to improve ranges, gshecpmen will have to sell young ‘sheep as meat instead of holding them to increase our wool supply.

LOCAL PRODUCE

age: a Rock. 170; colo i enon

Bo Solored § bona, full feathered.

ct Teh io BAITS ang

All No. 2 C Bos! receipts. Sad Nia and up, - 26c; Grade A large, 38:

SEL reds 3. mein, 2%¢; Grade A sm

hs ia of ose: No. 3. 360

ROE

‘The CHICAGO Store’s © GREAT SPRING

| —Brings You Savings You Can't

ee ns: valiant Sou ur All wand styles, alt wanted} cs. All patterns and colors. All-sizes. Come in and feel E falria +4 + 527 Sheps on . . . Ses Low Well-drossed you Jook

worry about food any longer.

OIL SQUE

EZE ON THE ALLIES

U. S. MAY SEIZE RAILROAD LINE

Tells Toledo, Peoria anh Western President to Arbitrate.

A T5-day-old strike at the Toledo, Peoria and Western railroad ape

“last” appeal by the war labor | 4 board indicating that the govern-| 4

line.

and sympathizers continued to picket the railroad yards awaiting Company President George P. McNear's answer to the board's ultimatum to “accept arbitration.”

Washington, declared that the railroad management had shown “deflance of the government” in its

{repeated refusal to arbitrate the dispute with two railroad brother-|4

hoods over revision of work rules.

“we cannot afford to permit the special or private interest of any labor union or corporation to break down the national agreement between management and labor, that labor disputes shall be settled for the duration of the war by peaceful means.”

Arbitration Refused

The board charged that “five times since Pear] Harbor” the gov-

proposals which the striking unions, the Brotherhood of Locomotive Firemen and Enginemen and the Brotherhood of Railroad Trainmen, had accepted.

company rejected,” it said. “The government of the United States . . . cannot be flaunted by private interests. Mr, McNear, president and principal owner of the small but prosperous railroad, said early Pe that he had not yet received the utimatum.

145 Cars Tied Up

Mr. McNear, who faces trial with two other railroad officials for alleged violation of the Railway Labor act, charged yesterday that the U, 8S. department of .justice had failed to enforce an injunction prohibiting interference with the railroad’s operations. He made the

quartermaster general's office asking for aid in moving 154 freight cars tied up in the railroad yards by the strike. Mr. McNear charged that mass picketing had prevented three rail-

Quincy, the Rock Island, and the Peoria & Pekin Union, from de-} livering freight cars to the T. P. & W. The railroad, operating between Keokuk, Iowa, and Essner, Ind,

the west defense industry production.

Al PEORIA, Ill, March 13 (U. P.).— A proached a showdown today with a|4

ment may seize the 239-mile freight|a One hundred striking workmen y

ol, long thought the Achilles heel of the axis, may become the united nation’s weak point in the Far East as Germany and Japan begin to squeeze the allies in the world-wide oil blockade shown on map.

NEW YORK S17 OCKS

6 \m Home Pr .. Hh Am Ice Jeo pt seiko

Net Last Change

6 seve #8 ia 3h a 120% + 3 13

2 Sen

5 26 46 33% 6Ya 4

83 Bde n3Ca R= WRPMOO NERF

38 0 ps

30 INDUSTRIALS Yesterday esssssasseees. 90.28 Week AO .....ece0000000.0. 102.10 Month AO ....cevveveneesa. 106.78 Year Ago High, 1942, 114.22; dow, 99.21. High, 1941, 133.59; low, 106.34. 20 RAILROADS Yesterday ,.......c.. Week Ago Sestontevcens Month Ago ....... sesssssene 20.30 Year Ago 28.01 High, 1942, 29.01; low, 26.15. High, 1041, 30.88; low, 24.25.

15 UTILITIES

26.23 26.32

sess dan

11.99 12.20

Yesterday ecc.cecvecsccirens Week AO ...c.ocevescancens Month ALO ..ccovcessssacces 13.80 Year AO .....cccceeeccesss 19.65 High, 1042, 14.94; low, 11.99.

Am The WLB statement, released at 1

“In time of war,” the board said, an

ernment had' offered arbitration |B 1t & O pf

” Bl ngdale The unions accepted, but the Boeing Kir A

charges in a letter to the army|cen

roads, the Chicago, Burlington &| coc

provides an important link in mid- |S

~Open Saturday Night °Til 9 O’Clock

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3yers pf Byron Backson

Cal Padkile ; Calumet, H . Campbell Soy . Can Pacific .. Car C & O .... Case. J I pf .. Caterpillar T Celanese ... Celanese no: . a6” Celotex p . Cent Found . In t RR 3a Cent Viol LA . 18% Cerro de Pasc Certain-td « 26 Ches & nt oo 30% Chic E Ill A Ble gv

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bt r pf 93% a ison .. 11 O

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Cont Can cen. 24

Cont Copweld 8tl ‘pt Corn Ex Bnk.. 27% Prod

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Davison Chem..

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Duques L pf hid 111%

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High, 1941, 20.65; low, 13.51.

DOW-J es STOCK AVERAGES

40.02 | Smith

-—2.43

_ Bias

Skelly Oil .. - 33% 0 |

Smith Cor T . Sotunh Vacuum

+0.22| So Am Gold

+0.19

Ham Watch pf. tb Walk ..

Hudson Motor Hupp Motor Cent 4 PENG |] cent, 3 la 24

Jewel Tea .... 21% Johns Man . 60 Jones Lgh. 213%, Jones Lan pf A Ne Jones Lgh pf B17

21', 59 %

Kelsey Hayes Kelsey Hayes B

Leh P Cem.... 2 Leh V Coal... 1% V Coal pt 117% a

Lima Lig Carb 13 Locknd Atreraft oew'

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Un Oil Cal. Un Pacific .... ha

97 "9-32 . 14% 3% . 55 . 4 . 14 30 .. 45% . 28% o.B 24 28 . 14% . 58 oo 42% . 65%

..113 « 17%

—V— Vadsco Sales . 5 fi al 1972 19% “er 33 33

“ese

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112 2 1 :

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Walgree 16% Walk aw bt 18° WO!

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3 ..10 Wheel Steel .. 24 White Mot 14 Willvs Overind. 1 Willys Ovrld pf 5% Wilson pf 64 % Voodwar Iron 20 yorshington :: 18 orthington .. Vrigley 47

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AMERICAN AIRLINES STOCK SLUMPS $3

NEW YORK, March 13 (U. P.).— Leading industrial shares advanced today while other sections of the

list were highly irregular with volume light. Air line issues weakened, American Airlines sold down to a new low at 33, off 3% points, and Eastern lost more than a point to 197%. Meager support developed at these levels. Aircraft issues were | {1 steady to firm. Chrysler featured motors by rising to a new high at 53%, up 1%. Sears Roebuck rose more than a point. Du Pont was up more than 2. Bethlehem Steel gained nearly a point. Utilities were about steady. Westinghouse Electric lost nearly a

I+]: +:

vier 13 Young Sheet .. 34

Weakness in American Airlines was accounted for by a ruling of the civil aeronautics board that the company had been overpaid $2,700,-

delivery. Under the ruling the com-

amount.

WA oen oe oF ower; v0 313;

& 11.68

%|Good and choi 0 an 0ice ... and good

| Common

, | point. Rails registered a small 108s {py in the average.

000° by the government for air mail| pany reportedly is liable for that : 4

Top Slumps ¢ to $1330 H Here As 10,252 Hogs Arrive

At Stockyards.

Hog prices slumped 10 cents. under yesterday’s lowest prices at the

|Indianapolis stockyards today.

agriculture marketing service reported.

calves, 10,252 hogs and 385 sheep.

HOGS (10,252) (Barrows and Gilt)

cessensenaee $11

2.35% sessssscensss 12.25 ERE

sesstsessssee os

esssscenasces 13 12.95

nd Choice— 300 pounds

BY 15 13:9 ihe

ssetbenttanne sestsssecnnee

“essa tontene cesttsssanans cssvcnasnsnas

[email protected] Slaughter Pins

[email protected]

Mediufa and and CATTLE (421) Sisughter Cattle & Calves Steers Teasesatasetes He

ssscstsnsnes ssssscctsncnn ssse®sscsesee

ia iH

183081338

crsssesessces 9.00010.75 & Mixed

unds Sunes pounds

essscsstenane sesstsstons ee stcsntatbenes ceetocestonne

Chol 750~ 900 300-11 113-1 750- 900 |

Bot pounds } 138s B I pounds 9 1100 pounds 0-100 pounds

Seettsstennne sssssscscssen

780-1100 pounds

Steers. Cholce— 500- 750 pounds

sessssassees 12.50013.50 500- 750 pounds ......cee0es [email protected] Heif

ers Choice 750- 900 POUNAS ..ccccccsnce

- 900 pounds . Me fum - 900 pounds aeabtRbsncn mmon— Fm 900 pounds Cows (sll welahtd

estssscnnistincnnnns

12.50013.50 [email protected] [email protected] 8.00@ 9.50

[email protected]

sagan

Canner ........... Bulls (all weights) (Yearlings excluded) Beet

Good Stents cscenssanactsentee

Sausa

Medium Cutter and commion

CALVES (580)

Vealers (all Weighs) Good snd | Shoice Common and me Cull

“stsetcsdsscettietine

dium ccoooeee

cacsnn

Feeder & Stocker Cattle & Calves Steers

Choloe— 800-1050 Dn esssscscetee

8 800 pounds -1050 pounds ..liecececes

1000 000 pounds 088000 ttt 9.25010.80

CORON =20UNdS +....vvsenees $350 930

Fad Clo (Stem) : G00 An Te dowD +e...cee... 11.80013.50 9.00011.50

13.28 12.00

10.50 1.50] > [email protected]

500 pounds GOWN ...ccceecee Calves (heifers) le and Choice—

unds down ........... [email protected]

00 wn dW ......co.... 8.500103 SHEEP AND LAMBS (355)

seessaee $11.78 Rg

$scscenns

Medium Commi

Yearlings Wethers and choline «c.ocoeiveee.

s8ecss ccs snnsss scenes

M Ewes (shorn) Good andi choice ........... and medium

GRAIN FUTURES DIP | ON BOARD OF TRADE

CHICAGO, March 13 (U. P.).—

3. | Grain futures eased fractionally in

early dealings on the board of trade today. Wheat was off %4 to 3% cent a bushel at the end of the first hour's trading; corn off % to % cent; oats unchanged to off % cent; rye off % to 7% cent, and soybeans off’ % to % cent.

LOCAL ISSUES

inal quotations furnished by local on "ot National for Association of Securities

Dealers. Bid Ask

agents | Belt bend Mer 1 ccanvusne

i obbs-Merrill om id sasess Circle Theater com....ccceo00e Somwith Loan 5% En Co COM. .....ee0k

Fora Tat THF &" Mien gi 8....0v0o

jndp a HO aa. Ind Gen Serv *Indpls Pa 5 es & A com . oid ene tasey Pls Water Acom....

in coln 2% rd PE Ra Tog com” : Hu N Ind Pub 6% pid... 1d N ind o

Tv Pub Serv 7% pd ..

ar 5% Did oo

uy iiiit,

. . >.

. pe. 8885 58 8 FSF

pa OO na Fa

cove cannde

4.83% Pd cesssee

ssassstsnce sesssssnsee

ceasssscsansans WI

FEE E es

19:00 3

12.786 ; i 133391370

“Pioneer |

13.05 | [email protected] |

fem ’

One of ‘the first power plants ever built in Indianapolis, the small brick plant in the foreground, is being torn down. Built in 1892 by - the old Indianapolis Brush Eleotric Light Co. predecessor of the . present Indianapolis Power & Light Co., this plant cost $300,000 and

had a capacity of 1100 arc Hghts, 750 " which were ing and 350 for commercial arc lights. A portion

ba street light this building, on

the grounds of L P. & L's Perry K plant on Yo uf Shia’ building, a

used to store scrap materials.

’

Aids to Business

DEFENSE NEEDS

Can you make any of these war materials? Information can be obtained at the. Indianapolis office. Contract Distribution Branch of the War Production Board, 10th floor, Circle Tower Building here. Asterisk indicates plans and specifications are on file.

ARMY QUARTERMASTER Date Bid Item Closes

Sjareh s, dried, cann ole eggs, Class A—

cold c! a nurses, 060-43- NEG 357" docks, ool,

os cks, wool, light and wo ZENE

Insitation Numbe

ue NEG-196— Type Tried W

«42. Mattress. cotion: 1. plain box edge ( (postpo poned)’ cases 38

ARMY MISCELLANEOUS

Dental operating 1 without San, for moun Rd ighea Weber

mi sh Se Bug r, granulated bee 2% Siar ¢ & "for hOSpIt

ahog 3 or cane.. 25 ath arts 8

sectional 26

do tilating uni consisting of an, “motor Sup! motor, suiten cord and adjus

n M-371-8ickle bar mower, power Fan Fat wid h T for ‘use with P. “ad

il; hn

Sh. 953-42-522—Arbo! cutter: 7% ters, arber and oh er pe «2 NAVY DEPARTMENT 583--Rulers, scales and triangles; d-aw-

n ausage, Vienna-style, canned .... 894—Cornstareh ............

Hah e; Ammonia thatene: Sodium,

899+ Boxes, ammunition, sharge “projector impulse 604—Furn , single over y and yd indesfired 903° —Bloeks, space tanks, 5-inch.

6-—Soda, bakin

5 depth cha ber, oll tired,

Wo RL Hor oa

iron or open | 8 611—Biscuit. canned ..... 813—PillOWCASES «cvevacoisssscasnnssass 1

3 Rivets and washers, steel ........ irup. canned “eenbionnss ois

March 6-—8heets, cotton, bleached, Type C, o torn length 108 inches, 63 inches

i “pheekin; coiizn. Hianins CRE wits

ROAD INSURANCE +

w ith Eh d:

13 8 4816—Checks. fd

Tr 5 : 1 4058 —Lunes:

and 72 inches ARs atah, 1»

S13--Tywa

“tsa teannas

624—Towels: bath, Turkish: face, fae . cotton: wiping, machinery; huck; BIA, BIBY ves Mas cx nnssssnnsnssrnss 19

023—Sheeting. tion bleached 29 inches in

RRA , matt; WX b nid 2oovers. matifess, to fit ik

633—Meat; pork. luncheon, x

646—Navy fuel oil {Bensacala, mals iy

1143-—-Guards, Tah steel, Raw Ime ks. Cabigal ii

i Washers blo nimiles a cotton, 8 lashed: “ig

11 _tnsuiators, 1-233 5 Zknes on

IX templei,” 106°" wide,” in 0 1-2248—Cars, special, for ca ac for loa ling with Sha 1-328% ir yTometer Potentiometer, mai- * ng Recorder, Ri-po. t mele umel, Range degrees Fahrenhelt 1442—Valves, gate, L. P. fl 1301-A—Tul Tubing. steel, outside diam, wall thi 0.350’" to 1 flow t

38000A—Vent Bo 000 cfm Se, on Mohes stat. with controllers and a are

Grade CIT 29 Batters” ot i ig mpere o Jand KWH capacity :

“ot

14" th le sentarsa ik, *

u ligh ele a single gonductor, braid, ie GC. M. per

from | a 3-18"

LR conduc 46181 4619—-C

. 4

! ¢ymmercial b

wire e 0. 51”. me es b, 38

Fishing, 001 Re etrigerator. a ection

“twine, Jay an

sracioine: Toso

3 nian, Er 5

ann ielaing lou electric, Lik

Sontbiste spare parts, too ATT Hose Pht

ge, , ire united 14" A ae Ae rf AL tandard—i fe, round, tan

ar sees. 38 733—Screws, chine, brass: and Found. head . > Ceaeis a tui 26

AUTO INSURANCE

Beck Aaghalt ts tress and. ssmony—beth toe Cars nd Highways—Rock Asphalt applied to an old

wie pninet dating wd

San the Ba — dpi « How Fie”.

Ken fucks. 6.

wear a rove i |

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