Indianapolis Times, Indianapolis, Marion County, 15 May 1942 — Page 24
- : |PRICES ON Hoes Foundry Here Defends Stand USIN ESS RISE 10 CENTS After Losing Priority Rating The war production board in Washington has revoked the priority By Latest Order From Washington : 4 EE y : 9000 Porkers Arrive; The WPB action was based on work Ewing Foundry Co. did last fal By ROGER BUDROW Vealers Steady. Since then it has been assigned an “A-1-A urgency 1” rating, he said, : because the bulk of the foundry’s r here in the city yesterday two stove manufacturers got their active “market at the Indianapolis m here. in ’ 3 “walk-the-plank” orders from Washington. After August stockyards today, the agriculture) VE STIR IRE, (FES SOU QF) 1 : : to 9 ptm The top was $14.25. for good to|O- Evans, declined to elaborate on It is called the “concentration of production” principle the Washington sstion. The scion bat 3 : oft i were steady with a’ $15 top. Re-| which means that the big stove manufacturers, doing more ete. heady th = 8s ol 8 the fir: in Tuamenclis directed gether. This leaves stove production in the hands of the ; 4 4 means he must quit work on the| [ron Age Says Orders From ; HOGS (5559) 5 models. : . Now these two Indainapolis stove Co. and the Home Stove Co., are not than $2,000,000 worth of stoves " why did the order Well, it was something over no control. There is so much war here and consequently a big Roger Budrow gple labor supply, that the war production board dearea. And, it said, any stove manu- ~ facturer located in a “labor shortness, even if it is less than $2, 000,000 a year. apolis Stove, hopes his firm can get a waiver from the rule, but is not
By ROGER BUDROW Stove Manufacturers Here Affected Top Advances to $14.25 as| rating of the Ewing Foundry Co. of Indianapolis for making slot machine when it had no priority rating, according to President Ewell F. Ewing, AGAIN WE. FOLLOW ENGLAND'S EXAMPLE. Right Hoe pratssge Iv: conte ti an re, Nk of Ge | first, Washington said, you make no more_ stoves. marketing administration reported. . choice 220 to 240-pounders. Vealers|the Washington action. The action SCHEDULE NOW than two million dollars business in a year, must quit alto- SoDiS ue To Saks, I Toles : —— smaller plants. And they must make only a few simplified Thursday, May 14 navy orders or not, | manufacturers, Indianapolis Stove large outfits. - Neither sold more last year. Then affect them? which they had work going on drain on the availfined this area is a “labor shortage” age” area must quit his stove busiG. M. Brown, president of IndianAl sure about it. As he puts it,
or too specialized ie be able to get a job in a war factory very easily. The order would knock out about 60 per cent of the firm's current
FARMERS WORK 12-HOUR WEEK
Utilizing Women, Children During Spring Planting Season.
WASHINGTON, May 15 (U. P.). —American farmers are doing the biggest food production job in history with a minimum of outside help, the agriculture department reported today in a farm labor survey. The job is being accomplished by an average work-week—during the spring planting season—of 72
creased number of farm women and children.
family labor. A The department said production
production, which is in coal stoves.|reports indicate that farmers are Am Toco
Am
The other 40 per cent of production | producing up to or near the great-
is war work and thus not affected.
Home Stove Co. is in its slack|year to feed. the united nations.
period right now, but ordinarily it|New records will be set for many 4 employs between 80 and 100 men|crops unless hindered by unfavor-|Am Ro
. during the good season. from July|able weather.
to November. This company also is uncertain what to do next.
2 2 ”
Production Gaining
Trucks loaded with supplies from United States and Britain push across a newly-built 1o5d in Iran toward Soyiet Russia, This photo was radioed from London to New York,
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Swine Sows Good and C! [email protected] esses [email protected] . [email protected]
FINAL STOCK QUOTATIONS YESTERDAY i618 Sol “LINII HS
By UNITED PRESS
13.65 13.60
ii 360- 400 pounds ....cee. 13 sodives
There were 10,796,000 persons em- Am m Afiines cee 39% ployed on farms on May 1, the sur-|4% 2° Br Shoe’ ~ 25% vey showed. This was an increase|Am Gatie & B, ot
Am Mch ly increased goals set for them this Am
The upward tend in farm pro- i
duction was shown by a 29 per cent|Am Stor
Abbott Lab .... 37 Abr & Straus... 31 31 Adams Exp .... 5% 5% Addressogoaph ve 10 Air Reduc Alaska Juneau’.
seen 5 30 + ww
po a3 dust .. Allied Chem .. Allied Mills ..
hours and with the aid of an in-|Allied Stores .. Allis.onal ev Amal Leath Amerada, Pet .
48% h Del. 19%
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Smelt 7 pf. 133 17 11%
Net High Low Close Change wi
30 INDUSTRIALS
5] Yesterday .....ceveceerecess 97.18 8|Week ARO ....e..e a Month Ago ...... “es a | Year Ago
High, 1942, 114.22; low, High, 1941, 138.59; low, 106.34. 20 RAILROADS Yesterday «asonccccpc.censss. 24.07 Week AZO ...ceceosescensess 24.68
«, |Month AZO ....cocevvevseees 23.92 a| Year Ago .... ..... ceseassee N04 ’
High, 1942, 20.01; low, 33.72. High, 1941, 30.88; low, 24.25.
, | Yesterday 3 | Week ABO ..Miediaabicabons
High, 1942, 14.94; low, 10.58. High, 1941. 20°65; ‘low, 13.51.
Net High Low Close Change
Comw & So of. Ba 28% Comwith Edison 18 18% 7 Cons Aircraft. 13% 15% 15% Wp 10%s 88% - 88%
4% 4% ia t an 85 85 Te oS 25 ‘ 2 4 8341p
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DOW-JONES STOCK AVERAGES] , Mar Jn (Glenn) 1%
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Slaughter Pigs Medium and Good— 90- 120 pounds
(CATTLE (482)
; Slaughter Cattle & Calves ° a : Steers 8 Cholce— #1 150- 9
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Me ry 750- 1100 pounds ...csceeeeses [email protected]
1100-1300 pounds .cscsceeess.s [email protected] Common 750-1100 pounds [email protected] Steers, Heifers & Mixed Sao ©%50 pounds [email protected] 500- 750 pounds cose [email protected]
Choite— ao. 900 pounds ...eeceseses [email protected] noo 30 900 pounds Sess 12. [email protected] %- 900° pounds esssascssesss [email protected] Goo- 900 ) pounds [email protected] Cows (all weights) 10. 50 Medium .00 Cutter and common Canner Bulls (all weights) (Yearlings excluded) 00d +... srtatsaceane veeee [email protected] fa USARO= COOH .c.eriirserernines « 10.00810.85
Medium Cutter and common
Believed It Was Permissible Mr. Ewing did not deny the work
14.05 | ad been done but declared he had
been led to believe by local navy
3lofficials that it was permissible to
do the work. That was before a 5| WPB priorities office had been established in Indianapolis, he pointed out, and as the unnamed navy official had given him good ‘advice on war work previously, he took the advice about the slot machine parts. Mr. Ewing's side of the action was this:
Last summer and fall he had tried to get war orders for his foundry, which is located at 1260 Kentucky ave. He had gone to several of the army’s quartermaster corps offices but obtained no contracts. This was due, he believes, to the fact that his is a small shop, employing only 12 to 15 workers.
Victimized, He Charges
Then the O. D. Jennings Co. of Chicago, also penalized in today’s WPB action, asked Mr. Ewing if he could use some more work. He replied he could if the company would. furnish the material which it agreed to do. It was then that Mr. Ewing contacted the local navy official who said it would be all right to make slot machine parts of aluminum if the Chicago firm was able to supply the aluminum, % : The Ewing foundry made up sample castings of the part for approval of the Chicago concern. Then a WPB representative from Washington came here and ordered the work stopped. Mr. Ewing sent the remaineder of the aluminum back to Chicago. He declared that “we were vietimized by a large corporation” and
Maritime Commission Are Being Met.
NEW YORK, May 156 (U. P.). == The shipment of steel plates—vital to the shipbuilding program in the nation’s war effort —has now reached a point where maritime commission orders are being fully met, the Iron Age magazine said today. “For many months plate demands, because of sharp increases in shipe building, have outrun production from plate ‘mills and fronmi~other mills pressed into service to roll this product,” the trade magazine stated in its weekly industrial review. “In March and April, however, shipments of plates on maritime commission orders actually met the tonnages asked.” Some shipyards, the periodical ase serted, report no loss of production because of shortages of steel plates and “for weeks have found their needs satisfied during a period when the shortage of this product was bee ing publicized by various speakers on war production.” “The plan to step up national plate output,” the Iron Age added, “is said to include a project to transfer the old Brier Hill plant of Youngstown Sheet & Tube Co. to Texas for reassembly and eventual operation. “Plans for reconditioning National Tube Co.'s McKeesport plate mill have been suspended. An insuffi. ciency of ingot capacity at that point is a factor in considering the transfer of the sheet and tube mill to the Southwest. Meanwhile, cone struction work on the new Lukens plate mill has been delayed by fed-
[+14
WALL STREET is going 10 '|increase during the first week of|Am T throw a big party next Monday, |May over a year ago in carlot ship- [4m Tor5 ... even close down the stock ex- ments of fruits and a 15 per cent|Am Tob of ....12 change for an hour to do it. It's |increase in truck crops. Livestock Am-Viscose ... ve the 150th anniversary of the ex- |slaughter was up 14 per cent and Am Sie pf. Br change, founded in 1792 under a [milk production 4 per cent over a|Anacond 2% buttonwood tree on Wall Street. |year earlier. Egg production quae Wictbid; 20% The occasion is a huge rally |established all-time records. Arion Po ar. ae boosting war bonds. It will take | “It appears from reports received Armstrong C 20s place on the steps of the former |from farmers that if long days of |As at. : pt 087 sub-treasury building, on the spot |work will make it possible to ac- 4 where George Washington took |complish the 1942 production goals, the oath of office for his first [these goals will he reached this
term as president. year,” the department said.
ODDS OND oN 5 ah Cleveland Ahead of Schedule Ried : One Clevelan a ces oe furnishes paper napkins| ‘This is indicated by the reported| Bait & Spt: with war zone maps on them—|len8th of workday in the first part|B . saves scribbling on tablecloths by of May for farm operators in the|s dining “generals.” . . . The waste|United States of 12 hours and for| geld Hem paper drive is going "too good and hired workers of 10.1 hours.” ell Alrcraft '! ’ supplies are piling up on railroad The department said that despite en Ind Loan... 11 sidings, . . . But the rubber salvage|the continued scarcity of experi-| get ant drive could be much better. . . . Dow |énced farm help and the loss of | Blseloy 0an :-- Chemical’s plastic saran is being many hired hands to war industries B used for window screens, in place of |TéPOrts indicate that spring plantcopper (impossible to make now).|in€ is generally up to or slightly . . . Midwestern cities and hotels, {ahead of schedule. expecting a convention rush because| “Although farmers still are worof transfers from vulnerable coast|ried about help for harvest, their cities, are being disappointed be-|TePOrts as of May 1 are more opcause many conventions are being|timistic’ than they have been in|B dropped or drastically shortened as|récent months,” the department 3 they waste valuable time. , , . The said. Bu American Legion convention sched-| Farmers were said to be adopting e!
for Indianapolis, is an example. |Practices which result in better He 2 loc ftp are using up. e. distribution and fuller use of avail-
and glass casings as metal sub-|able labor, such as the pooling of |. stitutes. . . . The threat to requisition | machinery and labor and the em- |G tires and autos is backfiring and ployment of less experienced help. motorists aren’t so anxious to con- ATH TOR Carper serve them now, thinking the gov-| DAILY PRICE INDEX Eatermill ernment will take them Sooner or| oo YORK, May 15 (U, P)— f later anyway. Dun & Bradstreet’s daily weighted price index of 30 basic commodities,
: i os ARD compiled for United Press (1930-32|G Lp average equals 100): % YESterday .....ececececeses. 157.49 Chic PROFITS ARE HIGHER Week ago $990904s000000900y 158.26 ni
Month ago C0000 0R0PROPINOINIRS 156.62
CHICAGO, May 15 (U. P)—|ye.. hrys SA ago esrcecccsccsssssnes 135.08 Cleve El Nim pt 108 Montgomery Wi & Co. today]. Cleve Gph Br pt 96 showed a net Nia of $3,540,651 for 1942 High (May 9)....... .-.158.34 gk rls, Co 3334 "the quarter ending April 30, a gain|1942 Low (Jan. .2)..........151.54 Ooi "in earnings over the same period a| Col year ago despite sharp increases
2% eral restriction governing use of structural steel, thus requiring subse stantial redesigning to complete the
building.”
added it was almost impossible to keep abreast of war production rules ‘emanating from Washington when there was no local office to turn to for clarification of confusing aspects.
CALVES (610)
Vealers (all weights)
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Incorporations
Purdue Aeronautics Corp., gle, Purdue university, Lafayette; no capit tock; to promote education and research in aeros hauljeal engineering, aviation, Sel Edott, David E. Ross, Allison BE,
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500- 800 Fereruey :0+-812.5 18.50 ! 800-1050 Pounds 13.25 oo a 800 pounds. esssnsss. [email protected] ‘LOCAL PRODUCE 800-1050 pounds ....cceceeee. 11.25 12.25 Thursday, May 14
500-1000 POUNAS ..vesvoess... [email protected]| Heavy breed hens, full-feathered, 19e; 1d
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Du Du Pont pf... Duques L pf ..115 i East Air Lines. 20% 20% East R Mill .. East Kodak ... Edison Bros. . Auto-L
Common — Leghorn hens, 15c. . AAI Realty Corp., Indianapolis; 500- 900 pounds [email protected] white and 2 to Sk. 108s. Spe B36: | amendment vroviding capital stock sh Calves (Steers) All No. 2 poultry 3 cents less. consist of 1488 shares preferred Stock ¢ Good and Choice— PY pital receipts. 84 Ibs. and up, Ten Value ail and 1 ) Shates SOommon 10 Boi Ks down 122501415 Grades s—Crade A , large, ue The R. Pierson Printing Co., Indiane 500 pounds down + [email protected] grad um, p35 20: grade small, spokie; ion Calves (heifers) J no ‘grade, ‘284c: rschner Auto Service, Ine, Indiane Good and Chotce— ws fteriio. 1 a Ya 3c; No. 5 40 apalie: dissolution New Yor 2c, buileria o. 1, 37; Coastal Equi! ment Co.. Ine. ew Yo S00 Pounds aovn, + [email protected] (Prices on produce delivered we, Indian- corpora FR amendm dment “articles of [email protected] | apolis. Quoted by Wadley Co.). incorporation. SHEEP AND LAMBS (1277) : Lambs Good and choice BE 00 Medium and good 3.28 25 Com 13:90 3
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Shorn Lambs
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SS ff 0 ff ZH LOCAL ISSUES
ID il orria s S$ Thursday, May 14 Y Nominal quotations furnished by local unit of National Association of Securities Dealers. Stocks Bid Ask
. 0 N y “evs Agents Finance Co Inc com... 7% 9 1&8 eee 14 7» vive gents Finance Co Ing pid... 20 ade intkot 11 ‘ved Poor 3% 3 RR Stk’ Yds
int Su. tove. 16%; rollans Cail svt 33 Foster Wheel .. 9; rancisco Sug.. 6% meme Gar Wood Ind. sa Gen Am Tr.... 3
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i Up to the close of the Chicago Market in deductions made for federal|today. Indisnapolis ‘flour mills hd grain a nd paid $1.10 per bushel for No. 2|C aw a ah taxes. g i fed x oat i {other grates on thelr Jertia), ose 7 17% = A provision of $2,400,000 Or In-|piihel and No. 2 white shelled corn, 88c;| Com Solvents i ventory price declines also was de- |No. 3 white oats, 50c and No. 2 red oats, |Comwlth & So. 7- 3-1
‘ducted from net profits of $5,940,651.
7 phe ee a on State Officials Say bor i Shortage Will Be Solved Lh
Provision for 1942 federal taxes, By UNITED PRESS
" .pased on proposed legislation now Indiana's expanding war industries are faced with shortages of| Howe Bound
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under consideration in congress, amounted to $10,580,000 as comduring fhe qu rie iB 1942 uarter workers in metal trades, the farm-labor situation is “tight,” and the ber Sy tax and Sey state may feel a “general manpower shortage” by the end of the year, “But,” they emphasized, “the problem will be worked out.” ,020,651 as com- . Bo A 2s a in the same| Local draft boards throughout period a year ago. By UNITED PRESS Abbott Laboratories, March quarter net profit $529,208 or 74 cents
with $2,770,000 taxes paid decline deductions were made officials reported today. BUSINESS AT A GLANCE common share vs. $568,419 or 73
the state already have received directives from national headquarters, according to state selective service officials, emphasizing the necessity of recognizing occupational deferments ‘in industries which -are es-
have nation-wide shortages of skilled workers. : This already effects such lines as
sential to the war effort and which!
looking for work will be shifted from peace-time occupations. “A great many people are going to be very surprised . . . but the job will be done,” he asserted. Regarding farm labor, L. M. Vogler, Indiana chairman of the AAA,
reported the situation “tight but not {Int T&T,
imposible,” and asserted that crops “will be harvested.”
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Wabash Pf ae asldorf Bys
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® All whites! White and brown combinations!
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“American Encaustic Tiling CO.|gioiiiding and coal mining, ofi-| “There are shortages in locallJspvis 80 «-:: March quarter net profit $14,462 or cials said, “but,” they added, “whole- areas,” he said, “and our main prob- ones $ Leb; ‘4 cents a share vs. $13,778 or 4. deferments are not being|lem now is ome of transporting p nts year ago. given.” labor that we have. But some mii-|Kalamazoo S&F American Home Products Corp.| Bradley Haight, head of the U. 8.|grant labor will be available this Retsey-Hoyes A i subsidiaries March quarter net/mmployment Service for Indiana,|year for strawberry, sugar beet and|XKeisey-Hayes 5. ofit $1,174,250 or $1.38 a share|said 200,000 workers will be needed |tomato harvesting, although there 1 . $1,233,163 before excess profilsihy the army, for construction and will not be as many workers as in |Krese 5 year ago. in industry by the end of 1942. previous years. , sh Terminal Co. March quar-| “However, we are not worried at| “We don't recognize the problem tated net profit $170,217 or 29 cents(all,” he added. “There is going to|as insurmountable, but farmers and
® Two-tone browns and tans! ® Wing tips! Straight tips! ® Medallion tips! ® Mudguard oxfords! | types: : ® Ventilated styles! ® Leather and rub-
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common share vs. $30,501 or 2 Joa; 25°. ;
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be trouble, there will be. shifts, but we will get the workers. ! “Employers will have to ‘dilute’ their jobs so untrained employees can fill them; we will have to make full use of minority groups such as negroes and the physically han-
workers will have to work harder|lee Rub ...
and they'll have to. work longer to get their crops in.”
Li One possible solution of the labor Lio problem is a co-operative labor|Loew I ale:
riculture borrow and . loan workers. Since this is a commu-
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SETTERS I: Ye ees rs
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problem, ‘it, should be solved | Mier
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White White Sew M ‘pt 18% Willys Overland 12 Ovrld pt
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