Indianapolis Times, Indianapolis, Marion County, 5 August 1942 — Page 6
NESS
Herff-Jones’
War Work Cushions ‘Shock
Of Government Ban on Imported Silver
By ROGER BUDROW
VO i
~ THE SILVER BLOC IN CONGRESS has forced the ce of silver to 71 cents an ounce. That is more than silvere or jewelry manufacturers such as the Herff-Jones Co. e can afford to pay and still. keep their prices anywhers
where they are.
So they have taken to buying silver from Mexico and other countries. This has run up prices in those countries to 45 cents an ounce or so. Now the WPB is stopping these manufacturers from using even the imported silver.
The chief reason for the ban on ported silver is that it is such a substitute for other war-scarce
metals. It takes the place of tin,
. copper and nickel in many places.
The bearings of}.
the Allison airplane engine are silver-plated, for example. Harry Herff of the Indianapolis jewelry company finds it keeps him busy trying to keep one jump
- Roger Budrow ahead of the gov-
ernment orders banning this and
banning that. First it was costume
~ Jewelry, now imported silver.
Herff-Jones is currently making
: ‘military insignia for uniforms. But
the effect of this latest government order on Herff-Jones is cushioned by the fact that most of its work ‘1s now war work of the highest
g priority.
‘Mr. Herff has hopes that the OPA wil permit jewelry makers to raise
EB price ceilings so they can
ord to buy American silver at 71
“gents but isn’t sure what OPA will do.
In any event, his company, with
"Its facilities now largely converted
their peace - time usual” in the belief that silver would
»
' Ufuture
1
to war work, is better off than many other jewelry or silverware manufacturers who have continued “business - as =
immune from government rections. 8
A BOAT with 3000 tons of cocoa grrived last week from Africa, first shipment in 10 months. But candy ‘makers are expected to turn out fewer chocolate bars because the
* import situation is critical, cocoa importers can grind only 60 per ecnt of ’41 volume, and a further cut is “anticipated.
” 9 o REAL SILK HOSIERY Mills ‘had a much bigger profit the first half of this year than it did in the first half of 1941. Profit amounted to $99,600 after ‘putting $136,000 aside for depre~giation and $70,000 more for federal income taxes. + A special reserve of $80,000 was ~greated to take care of possible losses, leaving $19,000 transferred to earned surplus. =~ Profit in the first half of 1941 was only $11,585, after depreciation of $146,819. 8 #8 8 SAFETY "EXPERTS figure that about 52,000 factory workers will be killed in industrial accidents this year, a greater toll than Great Britain has had so far from “blitz bombings.” # 8 8
ODDS AND ENDS: Clothing flameproofed by a chemical (am- ; monium sulfamate) is replacing
* leather and asbestos in factory
! gloves, helmets, air raid warden “.and aviator’s outfits. oe OPA has ‘©. k’d an increase in liquor prices. + . . Standard Brands paid Edgar Bergen (and Charlie McCarthy) $282,000 last year, nearly four times _&s much as it paid its president. . One Indiana washing machine dealer, unable to get any more ma"chines, began selling western Rossel. + + « Belden Manufacturing Co. is trying to start a national movement to boost war bond sales by paying its dividents in war bonds or stamps or cash.
WAGON WHEAT Up to the close of the Chicago market foday, Indianapolis flour mills and Haig elevators paid $1.13 per bushel for No. zed wheat (other grades on their ENE No. 1 yellow shelled corn was 82c per pushel and No. 2 white shelled corn, 88c; No. 3 white oats, 42c, and No. 2 red oats, 42c.
RUBBER PUZZLE ‘BAFFLES’ FDR
Situation Accurately, President Says.
WASHINGTON, Aug. 5 (U. P.)— It’s little wonder, President Roosevelt indicates, that there's confusion in the public mind about the rubber situation. There are more rubber experts, he says, than there are varieties of pickles—57 varieties of pickles, compared with the president’s estimate of 557 rubber experts. In addition, there are 5557 rubber experts of the self-appointed kind, according to Mr. Roosevelt. The president told his press conference yesterday he doubted ‘whether there was a human being in the country at the moment who could analyze the rubber situation accurately.
Henderson “Clarifies” Issue
For that reason; he indicated he would not send an exposition of the
he sends along his veto of legislation to create a separate agency to promote production of synthetic rubber from farm products. Mr. Roosevelt’s comment on the
ministrator Leon Henderson wrote a letter to Senator Theodore. F. Green (D. R.I) in which he sought to clarify the issues involved in na-tion-wide, as well as sectional, gasoline rationing. Mr. Henderson told Mr. Green that rationing of gasoline in the East was due to a shortage of gasoline, not rubber, but that gasoline rationing was one method of meeting the rubber shortage.
Eastman Has New Plan Whether gasoline will be rationed
a decision to be made by Mr. Roosevelt. The WPB, meantime, was studying a proposal of Defense Transportation Director Joseph B. Eastman that a limit be placed on automobile driving by means other than gasoline rationing. While details were withheld, it was indicated that automobile owners might be held to a specified mileage by a system of “speetomeier checking.”
DAIDY PRICE INDEX
NEW YORK, Aug. 5 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average Squals 1 100): Yesterday .....eccicc00i0... 15825 Week 880 ....oevee0s00sssss 157.66 Month 880 ..ececsecsscssees 156.92 Year 880 ....ce.cc0s00s00000 143.11 1942 High (May 9) ..ccee... 1568.34 1942 Low (Jan. 2) ....seese.. 151.54
LOCAL PRODUCE
Heavy breed hens, full-feathered., 18c: Leghorn hens, 15¢. Broilers, 3 lbs and over; colored, 18¢; white and barred rock, 19¢; cocks, 1ic. o Spr nEeTS, 8 us and over; colored, 21c; barred and white 22¢. All No, 3 poultry 3 cents less. Eggs—Current receipts 54 lbs. and up,
Vac. Graded Eggs—Grade A, large, 35¢; grade A, Medium 383c; grade A small, 26c; no
rade, 26c. Butter—No, 1, 43@43%ac; ae. 2, 41@ Rt butterfat, No. 1, 39¢ 2, 36c. (Prices on produce ay 3: Indian apolis. quoted by Wadley Co.)
AUGUST FUR SALE * Y TERMS! FREE Storage
LIVINGSTON'S
129 W. Washington St.
Annual Sale
Straw Hats All Straws Reduced!
Hong Lovin YOUR MAT T'R
Nobody Can Analyze the
rubber situation to congress when | S299
rubber situation came as Price Ad-|Sout
nationally, he, said, depends upon | Good
Quality Dry Cleaners
Plain Garments, 49¢
Stores All Over Indianapolis
“USE YOUR CREDIT at VIIGISHSINNIS
LOT TER Rd COMPANY
131 W. Washington St. . Directly Opposite Indiana Theater WHEEL CHAIRS Why buy one? Rent one at ‘ HAAG'S ALL-NIGHT 22nd and Meridian DRUG STORE
WASTE PAPER
AMERICAN PAPER STOCK COMPANY RI-6341 820 W. Mich.
RE-WEAVING
of MOTH HOLES—BURNT or WORN SPOTS
LEON TAILORING CO.
OG PRICE TOP | RISES TO $15.10
Here as 4900 Porkers Are Received: ,
Hog prices went over the $15 mark at the Indianapolis stockyards today when a 15-cent. increase on weights above 160 pounds pushed the top price to $15.10 for good to choice 200 to 220-pounders, the agricultural marketing administration reported Lighter weights were unchanged from yesterday. Receipts included
4900 hogs, 1050 cattle, 475 calves and 1275 sheep.
HOGS (000)
es [email protected] [email protected] 330- 360 14.50 @14.55 Medium— 160- 200 pounds
Packing Sows
Good and 14,00 5: 00 14.00
3 . 360- 400 . [email protected] Good 400- 450° POUNAS ..eeees . 13.5 3.80 450- 500 pounds ..... Shoncens 13. 213: 50
Medium— 250- 550 pounds
Slaughter Pigs Medium and Good90- 120 pounds CATTLE (1050)
Slaughter Cattle & Calves Steers
Choice— 700- 900 900-1100 1100-1300 2390s 1500 Good 700- 900 pounds ...ccoesse00e 900-1100 pounds ....cees esses 1101-1300 nounds ....cocveee oe 1300-1500 pounds .... Medium— 700-1100 pounds 1100- 21300 ‘pounds
[email protected] [email protected] res 14:[email protected] . [email protected]
[email protected] [email protected] [email protected]
[email protected] [email protected]
Com: 700-1 100 pounds ......... ees
Heifers
Chot B00 00 pounds ...eccesceee
13.75@ 14.50 800-1000 DPOUNAS ccaicsosncs
. [email protected] [email protected]
600- 800 pounds ..cecesecee 800-1000 pounds .
Medium-— 500- 900 pounds .. Common— £00- 900 pounds Cows (all weights)
[email protected] . [email protected] . 8.00@ 9.50 6.25@ 8.00
Bulls (all weights) (Yearlings Excluded)
Csteesesesenes sees. [email protected] [email protected]
dium Cutter and common... r
CALVES (475)
Vealers (all weights)
Good and choice Combmon and medium Cull (75 lbs. up) [email protected]
Feeder & Stocker Cattle & Calves
Cho} 500~ S00 poun c0egevoee ‘12. 3031 3.25 800-1050 Pon essssesseces [email protected] 500- 800 pounds . 800-1050 pounds’
Mediume-= $90-10003 3: pounds secs800000080e '[email protected]
100000000000 11. 50012. $0 @12.35
sesssssscess 11.50
B00- 900 1 DPOUNAS ..coceecrocen Calves (Steers)
Good and Choice— 500 pounds down. .......... [email protected] Medium— 500 pounds down [email protected] Calves (heifers) Good and Choice— 220, pot pounds down ..... sssvrie [email protected] Medium-— 500 pounds down
.SHEEP AND LAMBS (1275)
Ewes Hahokn)
Good and choice.....ec.cc....$ 5.000 5.50 Common and choice ..c....... &00@ 6.00 Spring Lambs Good and choice
Medium and good
12.25 Common
361330 10.25
12.00
Hogs—Receipts 10,000; Boi 240 Ibs. and down, around 10 cen § higher; heavier weights slow and a to. strong; good and choice 180-240 1bs., $14.75@1 top, $15; 240-270 1lbs., $14. [email protected]; 270. 330 ., [email protected]; 160-180 Ibs. "$14.35 @14.85; sows, 10 to 15 cents higher; gooe and choice 330 lbs. and down, $13.90@14 and above; 330-400 Is or [email protected]; good 400-550 1bs., $13.25@13 Cattle—Receipts 300. * Calves—Recei is 700; fed steers and yearlings includ yearling heifers, 15 to 25 cents Shon active at advance; cows closed strong to 15 cents higher, bulls steady, vealers strong, active; largely fed steers and heifer run; bulk fat steers, $13.50@15. 50; early top choice to prime steers, $16.25, some held higher; numerous loads, $15@16, with best yearlings, $15.75; heifer yearlings, up to $15; welgniy cutter cows, $9.25; practical top weighty sausage bulls, sii. 50, with outside, $11.75; vealers, $14.50@15 50. Sheep—Receipts 1000; late Tuesday: native lambs steady to 10 cents lower, others little changed; good and choice naHyes, Soy Pp! Jvo loads 88-1b. ngt: [email protected]; fas ewes, trade: native lamb market ook fully established; les good and choice lots fully $14 4.25; best offerings held : yearlin
Supplies negBe le; few good fat ewes,
4.75@6.
OTHER LIVESTOCK
PT. WAYNE, Aug. 5 (U. P.).—Hogs— 10 to 25 cents Higher) 200-220 1lbs., Sis: 220-240 ‘lbs., $14.90; 180-220 1bs., $14.90; 160-180 1bs., $14.85; 240-260 1bs., $14.75; 260-280 1lbs., - $14.60; 280-300 lbs. $14.50; 300-350 :1bs., $14.40; 350-400 lbs., $14.30; 150-160 lbs., $14.40; 140-150 lbs. $14.15; 130-140 lbs, $13.90; 100-130 1lbs., $13.65. Roughs, $13.50; stags, $11.75; calves, $15;
|lambs, $13.50; yearlings, $8@11; ewes, $5.|y
CINCINNATI, Aug. 5 (U. P.).—Hogs— Receipts, 2700; all weights barrows and gilts 15 cents higher; sows steady; top, $15.10 paid for good and choice 180-225 1bs.: 225-250 1bs., $14.95; 250-275 1bs., $14.70; 275-300 1bs., $14. 45; 00-200 lbs., $14.25; 160-180 1bs., $15; med and good 150160 Ybs., 114. 40; 1400180 EE $14.15; 1300 Ibs. $13.65; good , grade sows, £12.25
@13. : Cattle—Receipts, 375. Calves, 300; active, fully steady on strictly dry fed steers and heifers, cows and bulls weak; to weighty sausage bulls, $11; good to choice
lings, [email protected];
medium and good steers and heife
$10.75@13; canners and | 5 cutters, down to mmon and medium beef cows, [email protected]; good cows to $9.50 canners and cutters, [email protected]; common and medium bulls, [email protected]; good light sausage bulls, to 311; vealers strong, practical top, $15; few choice, $15.50; good and choice, stigls; soo mon and medium, [email protected]; eulls, down. She A ee Peon, 25 cents lower; practical top, $14; one extremely top choice lot to city buichers, $15; most good to choice, $13.50@14; common and medium, [email protected]; culls, down to $7; fat slaughter ewes, $5.50.
235 Mass. Ave, oo," Miadle of
WE Buy Diamonds
HIGHEST ring PRICES
STANLEY "Jewelry Co.
113 W. Wash, Lincoln Hote: Bldg.
Straw Hats? No They're Cotton,
NEW YORK, Aug. 5 (U. P).— Cotton has found another outlet. “Straw” hats for men, intended for the 1943 market and now being introduced in the trade, are utilizing cotton yarns processed to simulate straw formerly imported
* from the Far East. According to ~ some local hint dealels, the difference between and actual Tp
15-Cent Advance Is Made]
[email protected] | 2°
13.50| p
CHICAGO LIVESTOCK goo
Wash- | Radio
777-1b. heifers, $13.90; good cows and year- | Net
‘simulated | | vo
Gi rd le"
Protects Tube
In order to use old-or damaged tires longer, Firestone devised this rubber-less cotton cord “girdle’ to protect inner tubes against the cut and broken condition of the inside plies of the tire casings: test a worn and slashed tire was run 4055 miles before it went flat.
_ BERT DINGLEY
N
Momingtor Is Moved Up to ~ Chairman of ‘Board of Local Firm.
A. W. Herrington was elected chairman of the board of directors 1 of Marmon-Herrington, Inc. yestéerday and Bert Dingley, formerly executive vice president, was elected president. } Several other executive hres were made in order to divide responsibility in the Indianapolis tank and truck manufacturing concern which has a large quantity of war orders. ‘Dan I. Glossbrenner, formerly secretary-treasurer, was named executive vice president. R. C. Wallace, formerly director of engineering, was elected vice president in charge of engineering. Seth Klein, formerly assistant to Mr. Dingley, was named vice president in charge of production. C. Alfred Campbell, formerly general sales director, was named vice president in charge of public relations. George E. Reynolds was named vice president in charge of the | eastern district with headquarters in Washington. In addition William P. Nottingham was elected secretary with John Klein as assista H. DeBaun has been named treasurer with L. M. O'Conner as assistant. Mr. Herrington will continue active in the company’s affairs but
In oné
tending interests of the company there.
N. Y. Stocks
Complete New York | stock quotations are carried daily in the final edition of The Times.
DOW-JONES STOCK AVERAGES 30 INDUSTRIALS : Save 105.55 —0.58 veer 105.44 '—1.04 vers 107.94 +218 —0.04
Yesterday Week Ago Month Ago Year Ago High, 1942, 114.22; low, 92.92. High, 1941, 183.59; low, 106.34.
20 RAILROADS
5 Yesterday 00| Week Ago ....
25.18 Month AZO ..c.ceececcesess Year Ago High, 1942, 29.01; low, 28.31. High, 1941, 80.88; low, 24.25. 15 UTILITIES
Senses essecsc cog en
Yesterday
Year Ago High, 1942, 14. 84; low, 10.58. High, 1941, 20.65; low, 18.51. A + Last Be % %
ETA -— % -— 1V
a Anaconda Atchison ...... Atl Refining .. Balt & Ohio.... Bendix Avn ....
Borg-Warner : Bgdpt Brass. . Ches & Ohio.. Chrysler Comwlth & So.. Cons Edison .. Cons Oil
Harvester. 46% Int Nickel Int T&T . Johns-Man .... Kennecott
Nash-Kelv ... Nat Biscuit ... Nat Dairy .... N Y Central .. Norf & West
Pan Am Airw.: Paramt Pict .. Penn RR 21 Phillips Pet
>a
Republic Stl :. Roebuck.
a
IS
FILRLLLEL:
Studebakes Swif Co
.
Texas So mken R B. Onted Aire... Un Gas Imp.. S—|\U 8S Rubber. U 8 Ste Ya Us Stoel of. 1109% Warner Bros... 5% West Union ... 25 West Air Bke.. 143 Westing El .... 67% White Mot .... Woolworth 2 ellow Tr
+13 =F
=
Young Sheet ...
U. S. STATEMENT
WASHINGTON, Aug. 5 (U. P.).—-Govern-ment expenses and receipts for the current fiscal year through Aug. 3, compared with a year ago: This Year Last Year * $ 5,605,228,490.25 $ 1,751,096,774.02 1,074,924,739.03
en. n Wa Spnd. 4,907,603,382.11
-7197,737,151.5¢ ,806,654,588.71 a 298, 848. 430.3 38
84.083, 612.
b. Del ,663,1 Goi Res. 22 Cs i 568. 01 22,676,646, 14. 9
INDIANAPOLIS CLEA CLEARING Juss
Consolidated Retail Stores, Inc., July sales $813,894 vs. $657,292 year ago, up 23.8 per cent. Seven months
All Wool WASHINGTON, Aug. 5 (U. P.).—The army soon will place orders for virtually all American woll now available, thus enabling sheep raisers to plan increased production, the war production board and -the war
*7ljcan Petroleum institute reported
‘la number of advantages over the
° {number of the separated fuel and . lubricant products directly, while
+ | ther treated much like crude oil in
7 |are economically possible, handling iw about 30,000 tons-a day against 150,-
— Tij|ess,” the institute explained.
WAR NEWS PUSHES “+ \GRAIN PRICES DOWN
3 in flour sales depressed grain fu-
+ | Comwith Loan 7% Pf ennenss Bi 1, { Hook 13 1, | Home T&T Gt Wayne 1% bid 3 50
4% % ptd - J Van Camp Mk pt
sales $7,400,985 vs. $5,858,308 year Ing | ago, up 26.3 per cent. In
Marmon-Herrine ton In Post Article 1
Arthur W. Herrington and the career of Marmon-Herrington, Indianapolis war plant, are the sub-. ject of an article in this week’s Saturday Evening Post, entitled “Hell-on-Wheels Herrington.”
~The author, Francis Chase Jr. tells how British-born Mr. Herrington was “shocked” at the way trucks mired down in the mud of France in the first world war and of his coming to Indianapolis to design and manufacture, with financial backing from Walter C. Marmon, powerful all-wheel-drive trucks for use on deserts, in forests amd swamps. Because Mar mon -Herringtox trucks cost from $15,000 to $20,000, selling was a tough job and Mr. Herrington and Bert Dingley, now president, “barnstormed” the country to sell their product.” Then, the article relates, they obtained an order from the Iraq Petroleum Co. which led to more orders from the Shah of Persia who had decided back in 1933 to mechanize his army. Mr. Herrington further built up his business by a deal with Ford whereby Ford trucks were converted by Marmon-Her« rington to all-wheel-drive trucks. Marmon - Herrington equipment was going into battles—in northern Africa, China and elsewhere—before Pearl Harbor. As a result, Mar-mon-Herrington was “the ' only company which was set for a flying start” when conversion of industry ‘to war production was ordered by the government.
PLAN RESEARCH INTO GOAL FUEL
Bureau of Mines to Study Methods Used by |
Germany.
NEW YORK, Aug. 5 (U. P).— Federal authorities are planning new research in the productionjfrom coal of synthetic motor fuels and lubricants, along the same lines as employed in Germany, the Amer-
today. A recent appropriation by congress will enable the bureau of mines to carry on research of the Fischer-Tropsch method, developed and now industrially operating in Germany, the institute said. The Fischer-Tropsch method has
modified © Bergius hydrogenation method which has been investigated by the bureau for a number - .of years, it was said.
Use Smaller Plants
- Both methods start with coal, but the Fischer-Tropsch process gives a
the output of the Bergius process is a single liquified coal which is fur-
a regular refining process. Both produce about one ton—between 250 and 300 gallons of liquid products from four to five tons of coal. “A further advantage of the new
‘method is that much smaller plants|equipment was delivered to Amer-
ican and allied armies last year by Marmon-Herrington, the article states, and this year’s output will approach 60 million dollars worth.
Remington Arms Co. Inc, Six months ended June 30 nef income $1,308,000 or 16 cents a common share vs. $1,152,000 or 14 cents year
000 tons daily for the Bergius proc“This enables a wider and safer distribution of plants.
1S PRESIDENT,
will spend much of his time in|: Washington and New York at-|u
- Nearly 10 million dollars worth of
ago.
CHICAGO, Aug. 5 (U. P.)~—Unfavorable war news: from the Russian front and continued dullness
tures in early dealings on the Board of Trade today. At the end of the first hour wheat was off % to % cent a bushel, corn and oats off % to 3%, rye off %. 8 and soybeans off 3.
LOCAL ISSUES
Nominal quotations furnished by local anit of of National Association of Securities
Stocks
5
A. Ww. Herrington . . . elected chairman of Marmon-Herrington.
Bert Dingley . . . becomes president. !
BOND DEDUCTION
FROM TAX URGED
Taft Favors Exemption of 10% of Income if Invested
In War Issues.
WASHINGTON, Aug. 5 (U. P.).— The senate finance committee today considered a proposal to exempt from income taxes up to 10 per cent of a taxpayer's earnings if an equivalent amount is invested in war bonds.
Chairman. Walter F. George (D. Ga.) said he was studying. the suggestion—advanced yesterday by Senator Robert A. Taft (R. O)— in connection with a comprehensive plan for softening the impaet of high income tax rates on persons with heavy obligations. Taft said that if persons with large mortgage payments or life insurance installments to meet are allowed to make deductions from taxable income, as previously proposed by George, similar tax benefits should be extended to persons who are not in debt.
- Sees Difficulty in Plan
This might be accomplished, he said, by allowing persons who could not claim a full 10 per cent deduction for mortgage or life insurance payments to make up the difference in war bonds. Admitting that such a plan would entail some loss in tax revenue, Taft nevertheless contended that it would bodst war bond sales more than enough to niake good the loss to the treasury. The treasury has consistently opposed any compulsory savings program. Despite. the fact that Taft's plan would permit some taxpayers, in effect, {to pay part of their tax bill by purchasing war bonds, George said he did not anticipate strenuous treasury opposition to the suggestion.
Drug Co Ind Asso Tel %5
i Sa 1 oh, ro Elec eeseens Ind Gen Serv 6% DIA .....<..103
pl &L Indpls Water 5% pa
Indpls Water Sass > Lincoln Loan Co 5%Y% 1 o La Lincoln Nat Life or com .... 3
Then phone
Van Camp Milk com is Bonds
Algers ‘Wins'w Ww RR %e% .® American Loan 58 51 ........ 96
| 99 Com Bldg Co vas 51 ..074 Citizens Ind Tel 4% . ..108 Consol Fin
5s Crabb-Reynolds-Taylo 48 182 Home T&T Ft Wayne 6%s 85 108 Home T&T Ft Wayne ny 303
Indp Yes 68 1108 Kokomo Water Works 6s 58 .. 101% Ruhner, Packing Co Jas 9. Morris 5&10 Stores 55 50 . % e Water Works 88 65 ...106% Serv 3%s 69 ......107% I
4%a8 65 Rothmend Water Wks 88 57 .. "108 Trac Term Corp 6s 67 1 *Ex-Dividend.
_ TANNERS SWITCH MEETING
NEW YORK, Aug. 5 (U. P)— The annual convention meeting of ‘the Tanners’ Council of America
severe
WIL be held here Oot. 14 arf 15 instead ofsin 1
Write a good ad, describe fully the kind of mechani
RI-5551 and we'll find you the
_ WEDNESDAY, AUG. 5, 1942 In | New Posts
ARNOLD BACKS CARGO PLANES
21% of Multi-Engine Craft Now Being Made Are
Transports.
WASHINGTON, Aug. § (U. P).— Lieut. Gen. Henry H. Arnold, chief of the army air forces, told a senate military subcommittee today that 21 per cent of multi-engined
i plane production now is being devoted to transport craft.
Geff. Arnold said the army would weicome more transport planes, but believed that the program already
.developed should not be interfered
th. He testified in connection with legislation ‘ introduced by Senators J Lee (D. Okla.) and Ed. C. ohnson (D. Colo) proposing creation of a board to supervise construction of ‘a fleet of giant cargocarrying planes to supply America’s armed forces abroad and gvold the submarine’s menace to surface shipping. Gen, Arnold said that without disclosing military secrets he could reveal that the present aircraft program calls for the following transport plane production: In the second half of 1942, 21 per cent of the total of all airforce
.| multi-engined bombers.
In the first half of 1943, 21 per cent of all airforce multi-engined bombers. In the second half of 1943, 32 per cent of all airforce multiengined bombers.
Welcomes New Types
“So you see,” he said, “we are getting more transports all the time.” He said he cited the figures “just to show that we are aware of the need for aerial transport capacity.” “The program that has been developed,” he said, “represents an all-out effort by industry, taking into consideration the tools, equipment, and raw materials available. “We believe it is possible to get more tools, equipment and raw materials but they are not in sight right now. “We believe it possible to develop other materials now being used. We would welcome transports made of other materials which can be produced in half the man-hours now. required. We would like transports made without critical materials.”
Testimony Secret ~
Gen. Arnold also revealed that existing air transportation facilities of the nation will soon be carrying 2,500,000 pounds of freight weekly, as compared with a pre-war figure. of 174,000 pounds weekly. Throughout his testimony Gen. Arnold emphasized * that. “nobody realizes more than (he army air forces the need for more cargo planes.” “We are for any program that will giveyus additicnal cargo planes, provided it dvesn’t cut into our pre-sently-planned supply of combat craft,” he said. Immediately on conclusion of Gen. Arnold’s testimony, Senator Lee ordered the committee room cleared of everyone except witnesses and committeemen to hear further “confidential and military” information from Brig. Gen. H. L. George, chief of the army air transport command, and Rear Admiral. John H. Towers, chief of the naval bureau of dgeronautics.
OPA O. K's LOUDON PLEA Times Special : WASHINGTON, Aug. 5.— The OPA has granted the application of the Loudon Packing Co. of Terre Haute, Ind., to charge a maximum délivered price of $1.53 a dozen for 18-ounce cans of “V-8 Cocktail,” a combination. of tomato and vegetable juices. It had
C you want, bes]
been selling 12-ounce cans for $1.06.