Indianapolis Times, Indianapolis, Marion County, 24 August 1942 — Page 7
Same Job,
SIN BSS
Planning. Board Report Points Out | - Post-War Problems Facing This Area| By ROGER BUDROW oem BUSINESS AND GOVERNMENT are chiefly concerned|
with war problems now. But, fortunately, some are also keeping in mind several major problems we will have to
1S UNCHANGED] Extreme Top Is $15.25 as 9250 Hogs Arrive At Stockyards.
Hog prices were unchanged at the Indianapolis stockyards today, the
face after the war is qver.
The latest national resources planning board “report points out some of these. For example, there are the coal] mines of southern Indiana and Illinois and the copper}
mines of northern Michigan.
~The Michigan copper mines are more expensive to operate than western mines, but because of the copper shortage are now being worked again. Should these mines be allowed to shut down again after the war? If so, what should be done for that area and its people? The long de-
pression in south-|
: ern Indiana’s Roger drow limestone indusBu try is attributed to the fact that processing has been shifted from the limestone counties ‘to the building job sites in the cities, leaving much labor unneeded. ould railroad freight rates and r costs be changed to alleviate the situation. © _ Likewise the ciay industry. Could the clay industry be developed to a point where it would substitute for lumber in nearby areas? Strip mining and more efficient methods in shaft coal mining have cused unemployment in many Indiana and Illinois coal fields. Perhaps employment will never regain the peaks once achieved in these areas, but again transportation might revive the industry, either through lower rates or greater development of water transportation. 2 8 = THESE ARE BUT a few of the problems brought out _in the planning beard’s report.’ 2 It includes not only a discussion of the mineral resources and problems of this area, but also covers water, forestry, agriculture, industry and recreation. “The report provides a rude shock for those who believe the war will end our biggest problems. It won’t; it merely delays them.
» 2 2 ODDS AND ENDS: War expenditures took 31 per cent of the national income in the April-May-June quarter, commerce department reports. . . . Railroads expect their first real wartime passenger jam Labor day. ... A “crack-proof” concrete is being marketed. . . . Laboratories have devised a chemical which makes wool “indigestible” to moths, and resistant: to soap. alkalis. « » « Hartford, Conn, chamber of commerce appealed to OPA to change the rent-freeze date, but the appeal was thrown out because the c. of c. is neither a landlord mor tenant, as required under rent regulations. . . . FHA made 5061 property improvement loans in Marion county last year ($1,510,411) and 2669 small home mortgages for $12,078,200 were insured through FHA in the county.
BUSINESS AT A GLANCE
Abitibi Powder & Paper Co., Ltd, July earnings $507,745 vs. $775,152 in July, 1942; seven months $4,953,238 vs. $4,624,284 in like period year ago. Exchange Buffet Corp. quarter ended July 31 net loss $17,578 vs. $40,549 in the 1941 period. General Finance Corp., six months ended May 31 net income $340,351 or 32 cents a common share vs. $155,604 or 14 cents in the 1941 pe- _ ried. Mahoning Coal Raliroad quarter ended June 30 net income $241,201 equal to $7.76 a common share vs. $359,387 or $11.70 in the 1941 period; six months ended June 30 net income $420,915 equal to $13.48 a common .share vs. $569,243 or $18.42 in the 1941 period. National Tool Co. six months ended June 30 net income $111,387 equal tg'50 cents a share vs. $227,068 last year; net sales $1,725153 vs. $1,185,966. . North Central Texas Co. June quarter profit $29,060 vs. $34,395 in preceding quarter and $29,777 in the 1941 period. : ( Sterchi Brothers Stores, Inc, six nionths ended June 30 net income $279,749 vs. $462,629 last year; net sales $2,744,992 vs. $3,733,818. L. S. Sarrett Co. fiscal year ended Jurte 30 net profit $1,024,335 equal to $6.98 a common share vs. $847,996 or $5.78 in the preceding year. Union Tank Car Co. six months ended June 30 net profit $925,374 equal to 85 cents a share vs. $790,193 or T1 cents in the 1941 period.
NELSON'S STAND TO BE CLARIFIED
WPB Chief to Explain His Agency’s Control Over Vital Materials.
"WASHINGTON, Aug. 2¢ (U. PJ. —War Production Board Chairman Donald M. Nelson will issue clarifying orders this week to strengthen civilian control over materials and the nation’s war economy, his associates said today. ' With the announced goal of providing -American- fighters with “the stuff - that they need to ‘beat the axis and send them down to the defeat. they deserve,” Mr. Nelson was said to be preparing a statement clearly establishing the WPB's control over materials. | Some of Mr. Nelson’s critics have contended that he was allowing the armed services to take over. increasing control of the war effort; including the restrictions on civilfan life and non-military use of scarce materials.
Wants no Interference Mr. Nelson, his associates explained, was not yet certain whether his statement would be letters to the army, navy and maritime commission, & general directive supplementing previous priorities regulations, memorandums to interested groups or some other form. They insisted that he proposes to make it unmistakably clear that he will brook no intereference by the armed services with his ideas for granting priorities on materials needed to build war goods and vital non-military items for civilians.
Decides on Demands
Officials said the non-military requirements for railroads, telephone companies, power plants and other vital services must be met if war plants are to operate efficiently. Mr. Nelson is umpire to see that vital non-military demands are met —even if revisions and contractions have to be made in certain less urgent military items,
He pledged at a press conference}
Satiirday that nothing at. all would be allowed to stand in the way of producing combat airplanes, which he described as “our best offensive weapon.” Other military items are on this same preferred category. Officials of American Federation of Labor and Congress of Industrial organizations in the metal-fabricat-ing industry meet with WPB representatives today to discuss the raw materials shortage.
THREE STUDY NEED FOR FUEL OIL RATION
WASHINGTON, Aug. 24 (U. P.).— Three ‘top government officials today were charged with determining whether rationing of fuel oil will be necessary to -assure equitable dis tribution for oil burners in east coast homes this winter. - War Production Director Donald M. Nelson assigned the task last night to Undersecretary of War Robert H. Patterson,' Secretary of Interior and Peroleum Co-ordinator Harold L. Ickes, and Price Administrator Leon Henderson. He instructed them to determine what form of rationing should be instituted if that step is found necessary. Officials here believed the three first will decide whether railroads can bring in 300,000 additional barrels of petroleum supplies daily, the amount estimated to be needed to avert a threatened shortage. They felt that unless railroads can do the job without operating at a *“breakneck” pace, & rationing decision is inevitable.
LOCAL PRODUCE
Heavy. breed as full-feathered, .19¢c:
Leghorn . Broilers, lbs. and as colored, 19¢;
rge, ossse a aren 26¢;
e, Butter—! 46@46%ec; No. 2 #4 44 Yc; gNo 1 No. h Se: No. ?
, 38c. (Prices on produce delivered ‘a Indianapolis’ a any by Wadley Co.)
Ait
GLASSES
, PAY AS YOU WEAR THEM i TNT gn Bi Sctentincally:
BE oti of To .& litila down, a. Miss. cach. week; .
Js.DAY
re 7 SEL —-
local ¥ branch. Poy
Perfect
ROVAL | 0 Sa JTILLIONS SATISFIED
a Ww. soon a. ' Open Sat, ‘Eves
1s the or
38¢}
|agricultural marketing administra-
- [tion reported.
The only woman labor innagianent war proaustive drive committee in the nation, Jake Sparling, 60 (right), head of the two-man shop of the Sparling Pulley Co., at Bay City, Mich, and his helper Percy Fogelsenger, 79, made 18,000 flanges in 18 months.’ Donald Nelson named -them at the head of a
list of 1300 plants in the drive.
WASHINGTON, Aug. 24 (U.P). —The only two-man labor-man-agement . production drive com-
: mittee—consisting of “the old gent
and myself”’—has been awarded the production flag it sought through President Roosevelt, Jake’ Sparling, 60-year-old head man of this tiny unit of America’s war effort, wrote the White House to. report what “the old gent and myself” were doing to win the war, and suggested they would like a pennant. ™ The “old gent” is Percy Fogelsenger, 79 years old,
and Sparling’s only assistant and -
employee at his Bay City, Mich, plant, The President referred the matter to WPB Chairman Donald M. Nelson who sent them a large American flag poster. He also authorized the two-man plant to be. fully recognized as a labor-
management war production drive committee to- head the list of 1300 other war production plants enrolled in the drive. “Sparling wrote the President that he and Fogelsenger average 15 hours per day seven days per week ‘making metal flanges for a war factory, having turned’ out 18,000 flanges in 18 months. “I am enclosing two snapshots’ of the old gent and myself, and a truckload of the finished product that we got from Friday night until Monday morning,” Sparling wrote the president. “Some of the castings weigh 265 pounds. We are very'glad that we are able to help in this defense work. And it gives us money to buy bonds and stamps.” In his letter to Sparling, Nelson said: “Your report on your war work
is an example of what two free American workmen with initiative can do. Please accept my congratulations and transmit them to Mr. Fogelsenger. I fear working the schedule you follow of 15 hours a day, seven days a week is - a little too strenuous for some even younger workmen to maintain, even though you two gentlemen seem to thrive on it.” Labor - management relations have been ideal in his factory, Sparling reported. “When you need money, I go over to the pipe company and get what we have coming. We take out what we need for grub and living expenses and buy bonds with what's left. What good would money do for men like us anyway if we don’t win? Now get out of the why—we've got work to do.”
OLD IRON WORKS
BUILDS FOR WAR,
Plant Founded in Days of 2
Gold Rush Does Its Part Plus.
By RUTH FINNEY Times Special Writer SAN FRANCISCO, Aug. 2¢—A|C
staid old-timer from the days of Bok +
"49 is fighting the Axis out here on
the Pacific coast in a way to put oe ‘the younger generation fo shame. The' Joshua Henby Iron Works, Du P
down in the quiet Santa Clara vale ley, sniffed the smoke of battle 18 months ago, leaped out of the lassi=tude of old age, and went to war.
Today its marine engines are tak- Int
ing united nations vessels to every corner of the globe and its other products are helping guard them.
The Joshua Henby is building N
those engines with machines that date back almost to the gold rush, machines that came through the earthquake and fire of .1906, ma-|Eac chines pieced together from discards picked out of the scrap biles of government arsenals, machines improvised from a bit of this and
that, and also with some of the|pure slickest new machines science can| Radio
turn out. " ‘Began in Gold Rush
The old iron works was founded|Soa':
by a canny New Englander who decided he could make more money selling mining machinery than he could prospecting for gold with pick and shovel. He made and sold crushers, stamping mills and other machinery for half a century.
est In the last war his plant con-|. verted to marine engines, and when the war ended Joshua Henby Iron|¥: Works seemed to be through. . It Joun
had been moved to the Santa Clara valley after the San Francisco fire. Eighteen months ago - Joshua Henby had 60 employees. Today the original old red factory is surrounded by row after row of new buildings and a neighboring apricot orchard is going down to make room for more.
300 Per Cent More
In 1942 alone the old company will manufacture 300 per cent more material than it did in all its previous 68 years. In 11 days now it :| produces. as many engines as it formerly did in 753 days. Its materials are flowing from every industrial area in the nation, including New England. . Its products are going farther than that. The Henby plant has been able to hire all the men it needs, so far. As small machine shops and auto repair shops went out of business because of the war their men drifted naturally to the fast-grow=-ing neighbor. : But today the end of this labor supply is in sight and Henby, like other war plants, is preparing to
and a half the plant expects to have a few of them working on light bench work, Polishing and burring. Soe x “ 4 : : NAMED REAR ADMIEAL WASHINGTON, Aug. 24 (U. P) — President. Roosevelt today nominated Capt. William K. Harrill to be a rear
-
gdmiral. Two lieutenant colonels, |p
Clarence C. ‘Benson of the. cayalry|f and Brentley I.. Newsom of the ental corps, were: promoted to be|
High ..133% eo 24%
Ll +++ HHH F Fess
FI+1+11:
Mont Ward ... 30% ash-Kelv «.. 6% Nat Biscuit ... 15 Nat Cash Reg. Nat Dairy ..... 0%. 18% NY Central. . 9% Packard 2%
FE IE RT PC i i
i
Paramt Pict...
16% Penney ........ 72 Penn
HE
. . oo»
: a:
PI
Na
. >»
St EEES
pe
sii HEli ERE HL 2
GUIDE we PLANT GETS ARMY-NAVY
General Motors Guide Lamp division at Anderson, Ind., will receive the army-navy “E” for outstanding production of war equipment, it was ‘announced today. Guide Lamp was one of the first General Motors divisions to start in defense working, with production getting underway in January, 1940. Since then facilities have been expanded to meet increased contracts from the ordnance department.
3 INDIANA POWER ‘PROJECTS HALTED
| take on women. Within s month/|Rich
n Saturday ......cs. cesatasees
ye Month Ago
N. Y. STOCKS
By UNITED PRESS DOW-JONES STOCK AVERAGES Sond
$0 INDUSTRIALS ecssess 107.30 A cescscacsscssesss 106.68 Month AZO ..cccossssssecee. 106.66
+0.28 +0.30 +0.13 —0.05 High, 1942, 114.22; Low: 92.92. High, 1941, 133.59; Low, 106.34. 20 RAILROADS 21.00 Week Ago .. 26.18 cescsscarssnssces 26.10
High, 1942, 29.01; Low, 238.31. High, 1941, 30.88; Low, 24.25.
Saturday wereare HUE Week Ago . sesseeissscdnase 11.47 Month Ago .. ers sidssraines. YES 18.50 High, 1942, 14.94; Low, 10.58. High, 1941, 20.65; Low, 13.51
Complete New York stock quotations are carried daily in the final edition of The Times.
G. I. 0. DEFENDS AID |:
—The Congress of Industrial Organizations today defended Frederick I. Libbey, discharged $5600-a-year engineering consultant who
duction Board Chairman Donald M. Nelson’s “get tough” program.
son’s own labor policy committe,
bey’s reinstatement to his WPB job and demanding the discharge of “the men in the iron and steel industry branch who are responsible for the present steel shortage.” Libbey’s discharge followed a statement by Nelson that he was
got in the -way of the war effort and Libbey’s admission that he had talked to a reporter about a “confidential” report he was writing on the WPB iron and steel branch. Efforts to expand steel produc-
ested interests in the steel industry ch have been given aid and comfort by certain ‘dollar-a-year
C.:iIL. O. members of the labor policy committee are Clinton S.
Unien of Marine ‘and EE ion [5¢ Martne “and Camden, N. J, ;and. Walter. .P,
'{ Choice | 500- 800
FIRED BY NELSON:
WASHINGTON, Aug. 24 (U. P).|,
a Three C. I. O. members of Nel-|3ié.
going to “get tough” with those who Ste
The extreme top was $15.35 for choice 200 to 220-pounders while
- jthe practical top held at $15.20. Re-
ceipts included 9250 hogs, 2350 cattle,
~ 1700 calves and 2400 sheep.
. HOGS (9250)
[email protected] oes esse 413 15.18
oe 60 esssssccsces 14.58 vessesessees 14.8001465
160- "200 pounds | «. [email protected]
veessesssene [email protected] esssssscsees [email protected] cescesssccss [email protected] sesescsssses [email protected]
Good= 400- 450 pounds esssssesesss [email protected] 450- 500 pounds ..cesccesces [email protected]
. 12.60913.85
Good and 270- 300 300- 330 = 360 3 400
Medium 250- 550 pounds
CATTLE (2350)
Slaughter Cattle & Calves Steers
IS cccecoe esooee. $15.00
1535 1528a16. 25
B $1013.00 .00
16.25 15.25
[email protected] [email protected]
18.78 16.25
Seccccnvssse
1300-1500
900-1100 1100-1300 1300-1500
sceecesesace
esesccctcnce sssesssesroe
ie 0
Medium-— 700-1100 pounds 200-1300 pounds .
ecsecccncscs séeccssvcccos
Comm 700-1200 pounds X Heifers
[email protected] [email protected]
13.25014.15 [email protected]
[email protected] [email protected]
Cholce=600- 800 pounds 800-1000 pounds Good— 600- 800 pounds 800-1300 pounds Medium— 500- 900 pounds Common— 500- 900 pounds .....
Cows (all weights)
cssessence eescesacevane. 10.235 essse 9.50010.25 9.50
5150 7.75
eescecssccccs Seceestcsccne
ee cecetencses
Seco otlstocne
11.38
Beef— od 8002000000000 0000000000 10.50011.75 Usage aves cesscsassssessscce. [email protected] edium . «es [email protected] Cutter and COMMON ........ 8.26@ 9.25
CALVES (700)
Vealers (all weights) Good and choi [email protected]
$e. 030815.00 Cull / (75 Ibs. up) Feeder & Stocker Cattle & Calves Steers
pounds .... 800-1050 DOUDAS +sessseseses
500- 800 seesess 11.50012.50 | 00-2080 Pounds Tiesaseesssss 115001335 500-1000 POUDAS ...ecssesces- [email protected] Common—
Calves (Steers) Good and Choice— 500 Pounds down .... . 14.00©14.50
11.00014.00
Good and Oh 500 An down .... Medium— 500 pounds dewn ..... [email protected] SHEEP AND LAMBS (2400) Ewes (shorn)
Good + and na chee eresscesccase B ’ and choice
Hogs—Receipts, 13,000; steady to s ail welghis: 00d bs. $14.85 top, $15.10;
1bs., 10 I high T
‘barely steady; best native lambs, unevenly high wards to $15.50; other classes steady; good to cheice yearl $12@12°25; to’ good kind, [email protected]; Ee OWote mostly,
Wh. 1 cs Recelnis AL ,000; calves—receipts, steers al yearlings steady 25 cents lower, mostly 10 to 15 cents off, edium to ad
was the first casualty of War Pro-|vith
16; 1 released a resolution urging Lib- (3.3: are
fess active than last =e Heifers weak to 25 is lower, best $15.25, cows low to weak; bulls and vealers active and steady, "weig hty ' sausage ers. $16; ro choice light
bulls to $12, and choice ve stock cattle scarce, $13.50; comparable calves,
tes” © OTHER HIVESTOCK FT. WAYNE, Aug. M . PB.) 220 $15. 220-240 fo-200 1bs. "sik. 2/8 “166-180 1bs., $15; 260-280 1bs., $14.75;
bs.,” $14.90 . $14.60: 300-350 1bs., Se 30-140 Ibs, '
40-260 280-300 ibe. 50-400 1lbs., $ 140-150 nd Ey 4.25;
a $13 tags, $11.75; cal 50; s Ves, $16; lambs, s15.25; ewes. $5.75 down.
MEAD JOHNSON HAS DECLINE IN PROFITS
14.30; B10 Ibs.,
Circl rt Hor Hook [email protected] F
G00-~ 900 Pounds ...cccescece. . [email protected]} Ir
«J choice 150248 Ind 240-217
The same man, the same ob at the same different wars. George Tucker worked for, Visket Dou 1n in 1917, milling propeller fittings. Today he is again ~ milling machine on aircraft manufacture in a Fisher plant.
wo. Detroit operating &
55: DEDICATE HUGE
BLAST FURNACE
WPA Chief, Army and Navy _Men Attend Exercises At Kentucky Mill.
ASHLAND, Ky., Aug. 24 (U. P)— Lieut.-Gen. William S. Knudsén, war production board chief, army and navy representatives and company
16.35 officials were principal notables
present today for dedication ceremonies of the world’s largest steel blast furnace.
American Rolling Mill Company officials, who constructed the huge furnace in less than 300 days at a cost exceeding $6,000,000, said it is as tall as a 19-story building.
Elevators All Used
Elevators are used fo transport workers to various levels to do their
sumed 11,000 gallons of water every minute and 4500 tons of air daily.
-Speakers at the ceremonies included Lieut.-Gen. Knudsen, Governor Keen Johnson, Calvin M. Verity, Armco vice president, and R. C. Allen, deputy chief of the WPB's| De iron and steel division.
LOCAL ISSUES Nominal quotations furnished by local
Dealers. Stocks Bia Ask
Belt RR ° Stk Yds cOM..cesees 83 t . 86
Ci . Ind Hydro Elec 7% Di ooo e Ind Gen 6% pfd ssénnees 08
com oe ndpls Water 5% pfd Er s Water Class A com -B n Loan Co 5%% pfd .. In Nat Life Ins Som dase 2 d Bo Serv 5% Pub Serv 6 Fa. 3 Laundry co!
Prog 3 *Pub Se Serv of Ind 8% pid... oe + 304s Pup Serv of Ind Inc coi 10% So Ind G&L 4.3% dee Union Title Co com United Tel Co % p Van Camp Milk pf sos Van Camp Mk com .ceceeee 11
sseqece
2 of CHICAGO LI LIVESTOCK Crab Heyno
5.05; lbs., $14. 0G 15; 270-360 1bs., [email protected]; dpls $14 [email protected]; SOWS iy to Tadp
%s 60 ......107%
sects
Trac Term. Corp Ss ..ccovn. 8 *Ex-Dividend.
unit of National Association. of Securities
Corn Futures : Hit New Lows
CHICAGO, Aug. #4 (U. P)~
day's $1.17% @ 7%; from 49% @%; rye or “, 62%. October soybeans gained Ww cent from the previous $1.70%
U. S. STATEMENT
WASHINGTON, Aug. 4 (U. ha )==Cave ernment eXpenses an 4 receipts 5 Cure rent fiscal year through Aug. 21, compared with a year ago:
work. They said the furnace con-| or
Work. Bal. Pub. Dcbt. 85, 680,479,726. 62 57,208,151,573.20
Gold Res.. 23, 44, 879,074. 7 23,710,706,902.09 Re
INDIANAPOLIS S CLEARING HOUSE Clear} veeresc$ 4,000,000 ir ol 10,584,000 Legals
AL NOTICE OF PUBLIC : able Service Commission Docket No.
1593D. Forwarding, ds rmit
ssfienssssosenee
B, 2. Application of O. L. Indianapolis, Indiana, Rh a pe operate motor vehicles "as a ml carrier of property, interstate, over highe ways in the ae ot Indisha, as more specifically set ou e application. Notice is hereby given that the Publie ° Service Commission will Bat ihe publie hearing in this cause in Rooms of sion, 401 State House, Indianapolis, Ind. a 9 A. M., Thursday, September 10, 1042. Public participation is reques! ted. PUBLIC SERVICE C
By Lavisncs W. Cannon, Director otor Vehicle Deparsment Indianapolis, nd Aug. 23, LEGAL NOTICE OF PUBLIC HEART Publis, Service Commission Docket Noy 1613-B,
carrier of prope, intrastate, over ways in the Si of Indiana, as more specifically set Shak ® the application. Nouiee 1s hereby ‘given that the Publis Se! will conduct publis Soaring in his cause in Rooms of Commise sion, 401 State House, Indianapolis, 9 A. M., Thursday, September 10, 1042. Public participation is requested.
Indianapolis, Ind., Aug. 22, 1943.
LEGAL NOTICE OF PUBLIC HEARING we Service Commission Docket No. 6-A, 9 Application of Hayes Freight Lines, Ine. of Indiana, Indianapolis, Indians, for a teriffisate ‘of. public convenience Pr necessity to operate motor vehiclesias & common carrier of Jropexty, intfastaies . over highways in the State of Indiana, as Hote specifically set out in the applica
fon. Notice is hereby given that the Publie Service Commission conduct publie’ Commisesion, 401 State House, Indianapolis, Ind." 10 A. M., Tuesday, September 8, 1942. Public Jariicipation is requested. PUBLIC VICE CO! By Lawrence W. Cannon, Motor Vehicle to Deparimen Indianapolis, Ind, Aug. 22, 1942.
Directop
EASY TERMS! FREE Storage
LIVINGSTON'S 129 W. Washington St } ped =.
INDIANA MUSIC CO. 115 E Ohie St. — LI-4088 |
EVANSVILLE, Ind, Aug. 24 QT. P.)~-Mead Johnson & Co. and its s| subsidiaries had net profit of $630,~ 892 or $3.46 a common share for the first half of 1942 against $844,496 or $4.75 a share in the correspond-
Golden, assistant to the president,|taxes S| United Steel Workers of America,| the Phisiugh; ‘John Green, president,|™“"
DAILY PRICE INDEX
NEW YORK, Aug. 24 @. Py)—
"| average equals 100): Friday
dude esses si aand 157.00 Week Ago «te sens snesntnseay; » 157.31
of MOTWORN SPORE ~ LEON TAILORING CO.
235 Mass. Ave. the First loa
RE-WEAVING||
VONNEGUT'S 120 E. Washingten St
WHILE THE REST oF i THE TOWN SLEEPS
KNOERLE 1114 TR LI
A Me r
BE]
Ta