Indianapolis Times, Indianapolis, Marion County, 21 September 1942 — Page 13
Experts Say New War Plants| Not Likely to Be Abandoned|
By ROGER BUDEOW-
: THE ‘CHRONIC WORRIERS «can be found in conclusions reached by real estate specialists { in the past few weeks. At meetings in Chicago and at Cran~| . brook school, near Detroit, they gave what ‘they believe are| the answers to those who fear the big: new war. factories will :
SOME COMFORT FOR
‘become ghost plants after the © fol
ecause of military reasons, many "the new ‘war plants have been Jocated ‘inland. This state has had ripen share of them. Thus, bei ‘cause of the war, our industrial importance has been increased. It is likely to stay that way. The most important reason is that these huge plants, being new, are more efficient 7 ; to operate. Certainly the Allison Mr. Bultow factory here is a more efficient producer, considering _ the complexity of its product, than 4 * some ' of General Motors’ older plants elsewhere. Bridgeport Brass modeled its plant here after the one it built only a few years ago in Bridgeport, Conn., but even in that short space of time there were improvements embodied in the design ¥ for the local plant. A second and important reason is that people are reluctant to pull up stakes and move somewhere else. The Indianapolis: Speedway and old Stutz and Marmon auto plants, as well as others, years ago hired and trained youngsters in mechanical work. Today many of these youngsters are foremen or even more important cogs in our present factories. In other words, a pool of highly skilled labor was built up here years ago. It was exceedingly valuable for this War effort here. Now another very
large’ group is being trained. This is a post-war asset to manufacturers and’ they know it. They are not likely to turn their backs on it. But the location of these plants does bring up one problem to city planners. As any observant person here has noticed, only a few of the new local war plants have been built in the former factory district in the heart of the city. They have been built far out on the fringes, the naval ordnance t ‘north of Irvingtoh, Allison in peedway City, Bridgeport Brass and the second new Allison factory out southwest. Such a trend may “decentralize the city, That presents all sorts of real estate, tax and other problems to be solved.
3 s 8 =. ¥ X SUBSTITUTE CUSTOMERS have ~ been found by the glass companies “for their flat glass once used by the
auto and ‘home-building industries. All-glass medicine cabinets, shower
4
THOUGHTFUL THING
Their answers came from the past. Did San Francsico 1d ‘up: after the rush of the Forty-niners subsided? Or] weattle after the Klondike boom? Or Miami after the real| 8 ate. bubble collapsed? No, they didn’t. Even Los Angeles, here so many lived on pensions or the tourists business; de-| ‘industries and is now economically self-sufficient.
| “quite a bit more than that.”
land ordnance will be met. .
war is over.
walls, sink ‘units, eurtain rods, ete. make up some of the lost business. Libbey-Owens-Ford makes a Jamis nated bullet-resistant plate glass used in war planes by “bending” or curving it, which helps shed bullets. Also developed is 'a colored plate glass for ' high-altitude bombers
the sun, thus preventing severe sunburn to bomber pilots and crews. » ” » . ODDS AND ENDS: Most of the new civilian and even military raincoats have no rubber in them, use chemically waterproofed cotton instead. . . . William McChesney Martin Jr., ex-head of N. Y. Stock Exchange, one of the early draftees, has been promoted to a captain in
tires for transport planes now. . . . War production board gave Rubber Tsar William Jeffers a press agent even before it gave him office space. . . . Standardization of' light bulbs will cut off 80% of the many present types, especially the extremely high and low watt bulbs. . . . The state of Nebraska, with surplus money on hand, will put $3,000,000 in government bonds.
NELSON VICTOR IN TUG OF WAR
Production Chief Has Won His Way to Top, Capital Now Concedes.:
—Donald M. Nelson, beginning his
duction chief, today was the victor in a bitter, struggle for control of production. It was established definitely that
Mr. Nelson—whose associates think he is “a wiser man, but still a nice guy” after months of conflict with
agencies—is the head man,
a toe-to-toe basis when he felt his authority was threatened by the military interests, but once the de-
dently, inviting: army and navy officials into his own organization instead of endangering the war effort by an outright break.
by naming Ferdinand Eberstadt as
the requirements program. Mr. Eberstadt -Tesigned as ‘chairman of the army-navy munitions board,
for power.
an executive committee headed by Charles E. Wilson, former president of General Electric, with its four
navy, and maritime commission. But equal in importance to those administrative steps are Mr. Nelson’s results to date in turning out the actual machines of war. Although the president has warned that present production is only 50 per cent of ‘maximum possible production, the nation now is producing $5,000,000,000 worth of war materials a month. And 85 per cent of those are front-line weapons. . ly set at $27,000,000,000, has been raised to $45,000,000,000 and now is A major portion of Mr. Roosevelt's goals in terms of ships, planes, tanks
Generally speaking officials close to Mr. Nelson think he is “over the hump.” - Talk which was common here a few weeks ago that “Nelson}| Is ubout ready to crack” has dis-
the army. . . . They are retreading|
Allied Chem
‘WASHINGTON, Sept. 21 (U.P.).|Ans
ninth month in his job as War pro- Bet n Ches = Ohio pf as’ ¥
Chry behind-the-scenes Soar & So. 7-33.
Cons Edison . Cons Oil
Curtiss-Wr ...
the army and navy procurement So
Mr, Nelson has fought it out on | mnecott
cision was his, he has acted pru- NY
ar Pan Am Airway 18% Paramt Pict ... 16% Penn
i Pe He completed the cycle Saturday roct WPB vice chairman in charge of|Rsdl
WPB's chief behind-the-scenes rival|S
: Earlier, Mr. Nelson had concen- 8 |trated control of all production in|S¥ift & Co
members drawn from the army,|%
The 1942 production goal, original. 1.
was to address the Scientech club at its luncheon meeting this noon
which absorbs ultra violet rays from on
to make the buna-S rubber.
Those white sopesiike pieces are synthetic ‘rubber coming out of a tuber in the new synthetic rublier plant which U. S. Rubber Co. recently placed in operation in New England. The machine is similar to a meat grinder that squeezes large chunks into smaller pieces and in so doing removes water from the rubber. It is then dried and milled into sheets. Three parts of butadiene are polymerized with one part of styrene
- | Federal Reserve bank of New York
LAE
N. Y. Stocks
DOW-JONES STOCK AVERAGES
80 INDUSTRIALS Saturday o... oes 107.22 Week Ago Geen e®ectrcbente 106.15 ‘Month AZO ...eccocc0cc0eee 107.25 Year AO ...c..ecc0cs0ee0e. 127.64 High, 1942, 114.22; low, 92.92. High, 1941, 133.59; low, 106.34. © 20 RAILROADS sesesscnssecs 26.81 - 00st Rrne 26.52 « 21.00 assenes 29.01
tees avene
—0.05 -—0.05 +0.10
Saturday ...... Week Ago See Month. Ago .. Year Ago ......e.cq. High, 1942, 29.01; low, 23.31. High, 1941, 30.88; low, 24.25, : 15 UTILITIES Saturday c..eviecieececiess 1177 Week Ago Wetessacssssceass 11.38 Month Ago evssnsavanscence 110 Year Ago ...c..eic0000000.. 18.65 High, 1942, 14.94; low, 10.58, High, 1941, 20.65; low, 13.51.
s0sc0scRrenee
: Net High Low Last Change
::133
aN
ken R B 36% United Alroratt 7% Un Gas Imp . U 8 Rubber ... 1% 46%, 5%
a. 28% « 14%
Ne ves 13% White Mot» .... 18% Joung Sheet Zenith Rad
I+:
te 20% ee 14%
H+
Complete New York ‘stock quotations are car.ried daily in the finai edition of The Times.
SCIENTECH HEARS MONARCH ENGINEER
T. G. Harvey, metallurgical engineer of the Monarch Steel Co.,
in the Board of Trade building. His - subject was “Cold Finished Steels” illustrated . with still life
appeared.
Class 55—Clo : Aprons, er, : bedshirts,” ‘bloomers,
blouses, briefs, coats, drawers, ‘dresses, etc:, for the period Nev. Yu
. with. Toll Hp Ll. 6557--Mobile substations (trailer . mounted) power transformers; line
e #heseees ewan - 38 - vegeth
Hf you ean manufacture any of these materials, contact the was /podustion bused, 10th floor, Circle Tower bullding, Indianapolis. Aster-
1] gga 283, 43411 teel and brass ro
2 BE
fo ms ae
: beget acid, " nitrie_ acid.’ sul-
lantern slides.
thread, buttons, safety pins, Tee: oilcloth, etc. 26375 B57. Telophons supplies: = Tele phone switchboard, cordless, manual, win : magneto and 8 common
ttery 23 Class 34-Belting, Neatter goods; chair - cushions other wf” oor for: the: period Nov. 1,
Pela nbeen ects antes Ssavee
wire," lamp ode. . pull de- IS le ing, pull’ switches
rons, ‘baby buntre ucken
rei)
rs i y and
sata are
vows tie sessResne
i
tie acid, hy-
—0.25)
Seseee Fee
J 550-3800 pounds ecc.coseccese
‘22u lbs, $14.40;
25-Cent Advance Made in Local Porker Quotations
-All hog prices advanced 25 cents over Saturdays prices at the Indianapolis stockyards today, { the agricultural marketing administration
reported.
The practical top was $14.85 for good to choice 240 to 280-pounders but an extreme top of $14.90 was reached. Receipts included 9600 hogs, 1450 cattle, 400 calves and 2000 sheep.
* HOGS (9600) Good to Choice—
300- 330 De 330- 360 pounds se... Medium— 160- 200 pounds Packing Sows Good and’ Choice— 270- 300 pounds |. 300- 330 pounds .... 60 pounds
14.70@14
14.60 14.50 14.
. 1440 . 14. un . 14.40 [email protected]
14. s I 40 . [email protected]
330- 3
360- 400 pounds ....
Good= 400- 450 pounds .. 450- 550 pounds .. Mediumn— 250- 550 pounds
Slaughter Pigs Medium and Good— 90- 120 pounds CATTLE (1450)
Slaughter Cattle & Calves teers
Choice— 700- 900 pounds 900-1100 pounds 1100-1300 pounds ..cccececess 14.75 1300-1500 pounds c.cccsscsces 14.75
700- "900 pounds’ .. 900-1100 pounds 1100-1300 pounds .. 1300-1500 pounds ecscccccconse . 13.50
conn 11.00913.25 14D csssesseese [email protected]
ceeee [email protected]
14. get
Medium 700-1100 pounds ...eecco0 1100-1300 pounds .. Common-— 700-1100 pounds Chol
800+ 800 POUNAS ..occceronces 14.00 800-1000 pounds .cocesseccess 14.00
14.75 15.00
14.00
600 "800 ounds 12. - cssesscenses 14.00
800-1000 Dds. escssessessce 13.50 Medium 500- 900 pounds «..ceeoeees.. [email protected]
Common 500- 900 pounds . [email protected] Cows (all weights) dsestenvedunasne ews neae + 1035811. 3% oe 9.50
um Cutter and common ..,.
Bulls (all weights) . (Yearlings Excluded) Beef Good
Sausage— Sect (all weights) ...ee.. edium
Mod and COMMON vv vvonss CALVES (400)
Vealers (all weights) Good essesss. $15.80 2 C nd medium ‘........ [email protected] cul (18 Ibe. up) 8.00010.50 Feeder & Stocker Cattle & Calves Steers
« 13.08 12.00
13.00 12.75
12.00
Coo pt 00- 800 pounds » 11.75
800-1080 pounds .
Good— 500- 800 pounds Suge kn Jounds
[email protected] eesssssasesss [email protected]
. [email protected] [email protected]
Com: 500- 900 ) pounds Calves (Steers) Good and Choice— 500 pounds down Medium— 500 pounds down d ao (heifers) Good an 0iCe— 500 pounds down 13.000185.00 Mediu :
Me . 500 pounds down ....... ies [email protected] SHEEP AND LAMBS (2000)
[email protected] [email protected]
esssesasnds
‘28 steady
OTHER LIVESTOCK
PT. WAYNE, Sept. 31 (U. P.).—Hogs—15 to 25 cents higher; 320-240 ibs., $14.50; 200ee eae: 180-200 Ibs. $14.35; 160- ; ito:as0 lbs, $14.60; 260-280 * $14.50 350-400 Ibs. $14.40; 1504 :/ 140-150 be. ‘$13.50; "130-140
usb. . Sings, is. Calves, $15.50. Lambe $ 13.50. Ewes, $5.25 down. CINNA' Sept. 21 (U, P.).— SE rh J e00 hy
3 0.300 ; 180-200 he $14. foo: ; Reavy W weights stalin
10! . - 1 a 14; 130-140 —— 160 pe, Ri s, $13.25@13. 15. Receip
EEE vg | Be Binnie bles: Jars, for ‘are. alerm eq ex 30 | $14. eit grade am own” : Oct. | fat siaughiter ewes,
8 —The office of civilian defense will
90| days for manufacture of 2,258,000
so| up by lack of rubber substitute for
ln cesssscnas [email protected]| Ind 13.2 ;
5| Gonsol Fin 6s 50 7.50 Lp lor
EE 11.00 12.00 a I
2,258,000 STIRRUP “PUMPS TO BE MADE
WASHINGTON, Sept. 21 (U. P.). sign contracts within the next few
stirrup pumps for use in combatting incendiary bombs. The OCD announced that the pumps would be sold for $3 or $4 each. Manufacture had been held
the pump’s hose. That has been solved, the OCD said.
LOCAL ISSUES
Nominal quotations furnish local unit a National Association of Seourities
Stocks Pr Ask Belt RR Stk Yds . 53 en Belt RR Stk Yds 6% mia esses B56 Bobbe- Merri 3
3 Water A com.. oln Loan Co 5%% pid .. 88 In Nat Life Ins com .... 26
“18 pl
of Ind Inc com So Ind GaL 1.8% pwd, ecscees 84 Union Title Co cesesssese United Tl Tel Co 5% "ptd esescces 2 Milk pf Van Camp Milk com «cceccese a
Home T&T Ft Wayne S156 55.1103
3 N Ind Tel 4%s 6s 65 Pub Serv of Ind 4s 60 ........107% Tel 4%as
Trac Term Corp 5s 67. ¢Ex-dividend.
CHICAGO LIVESTOCK
Hogs—10,000; very active, 15@25 cents higher than Friday's average; closing at full advance; sows 25 cents and more up; bulk good and choice 200-280 lbs., $14.65@ 14.85; top, $14.85; 160-190 lbs. $13.85@ 14.58 mostly; sows 380 lbs. down, $14.40@ 14.65; 400-550-1b. weights, [email protected]. Sheep--4000; all slaughter classes opening around steady; few lots good to choice native spring lambs, [email protected]; best kind held higher; several soule good and choice slaughter ewes, $5.50@ Cattie—11, I: strictly good and choice fed steers and yearlings 50 cents her; eastern order buyer and shipper took practically: entire supply well finished cattle all weights very slow on medium grades; steady to 25 cents higher; top $16.50 paid for several loads scaling 1208-1290 ibs.; sizable supply, $14 al slower grades, [email protected]; good choice heifers fully 25 cents higher; a steady to strong; cows, 15@25 cents up; bulls ' 10@15 cents higher; at [email protected]; mostly $ about 1000 head Western a
5 down; mainly
steers; best Western grass cattle to killers, $0 $13. 75; these weighing about 1250 lbs.
FIRM OFFICIAL TO SPEAK
William F. Garten, vice president of The Sutton-Garten Co., will address the Kiwanis club Wednesday
He will illustrate his talk with a 30-minute technicolor film showing the electrical arc welding process.
|Ruml Plan Would Assist
‘|—Adoption of the proposed pay-as- . |you-go income tax plan would assist, rather than impede, the gov|ernment in its efforts to curb con{sumer credit and instalment bor-
{Consumer Banking institute,
| er Credit,” official publication of the
‘| has developed and sponsored the most
* | will be pinched and will need credit
ys | apolis-Terre Haute line and the In-
Jealers about |
cows and stockers and medium grade killer |.
on “The Inside.of Arc: Welding.” |. oe.
Consumer Credit; Says
Banking Group. WASHINGTON, Sept. 21 (U. P).
rowing, according to a group of state banking officials polled by the
Findings of the survey were published in “This Month in Consum-
institute. Beadsley Ruml, chairman of the
and treasurer of R. H. Macy & Co.,
prominent pay-as-you-go income tax plan but efforts to get congress to write such a provision into the tax bill have as yet been fruitless.
Two Fear Credit Harm
All but two of the banking authorities, represting 14 states, expressed the opinion that pay-day income tax deductions would encourage people whose salaries have not increased materially to adjust themselves gradually to a lower living standard consistent with their reduced income. * The dissenting officials, however, held that people whose salaries have not been increased materially
to take up the slack.
INDIANA RAILROAD GUTS ON 2 BUS LINES
Two lines of Indiana Railroad will adopt wartime bus schedules Wednesday to eliminate mileage and conserve tires and equipment. They are those from Indianapolis to Ft. Wayne via Kokomo and
Peru, and from Indianapolis to Noblesville and Tipton. : Under the new schedules, all “express” runs will be discontinued, the running time lengthened between practically all points and the service more closely co-ordinated with other bus lines operating in the same territory. In addition, several round trips on the Noblesville-Tipton line will be taken off in accordance with office of defense transportation regulations, as they normally accommodate only a small number of passengers. Recently Indiana Railroad made similar adjustments on the Indian-
dianapolis-Muncie-Ft. Wayne line, resulting in a saving of more than 21,000 miles a month,
LIVING COSTS DIP FOR WAGE EARNERS
Living costs for wage earners and lower-salaried clerical workers de-
clined in Indianapolis from July to August, according to a survey by the National Industrial Conference Board, Inc. Indianapolis was one » of 20 cities among the 70 surveyed in which living costs declined. The city was down 0.3 per cent. The group of 70 as a whole rose 0.3 per cent over July, due chiefly to an 0.8 per cent increase in food prices, the conference board said.
DAILY PRICE INDEX
NEW YORK, Sept. 21 (U., P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Saturday .. ...-.:rs00000004 15074 Week ABO ...oessvssncsessss 159.56 Month ABO ...cocosvecsensss 15743 Year ARO ...0u0.vscvsevsesses 14494 1942 High (Sept. 19) ..e00..0. 159.74 1942 Low (Jan. 2) ....ceo.... 151.54
U. S. STATEMENT"
WASHINGTON, Sept. 21 w. P.) —Government expenses and ong B Bor for the current fiscal year pt. 18, compared with a, yeat seo!
This Yi Last Yea Expen. $1402, 060,01 813. 54 . 327,993, 145. 99 War pi Sena 1 4 6,427,051.62 899. 408, 315.99 "574.20 ,943. 23
Clearings ,....;..ie00000s, guste cane
LOCAL PRODUCE
Heavy breed hens, full-fea 20c; Leghorn hens, 16¢c. Heed:
Ya . 1c; Springers, 15 Is. and yer; colored, 1c;
Ait'No, » hidigiadteon JO y Egge—Curveut ceceipts 54 1bs. snd up,
beens sdessesvscan
EE Bd i 8
Butter—No. 1, 47%c; No. 2, 45@ 45%%c; butterfat, N f1a4 43c; No. 3, 39c.
The luncheon meeting will be at the Columbia club. :
THIS WEEK
'S SPECIAL!
(Prices on produce delivered at Indianapolis quoted by Wadley Co.»
Hell of
WASHINGTON, Sept. 21 ©. P.). —“You are geting us into one hell of a mess,” telegraphed the tank parts producer to a subcontractor who was falling down on the job.
war production board’s tools 'division, made the message publi¢ today with the remark: “That's the way I'd like to have all our contractors talk.” The writer of the telegram was not named, nor was the recipient, but here is the message in full: “You are getting us into one hell of a mess. You and I agreed upon a perfectly fine schedule and I was willing to abide by it but you have not done one damn thing you promised to do. I agree that you have been doing better than you did before June but we certainly cannot win a war on the basis of how you are going now.” “We can contracted for 12 cases per month and I understand that one month you made seven, the next month you made five, and God knows what you are going to make this month. “However, I want it definitely understood that the rate is 12 per month. I am sending my representative back to your city tonight. If necessary I will send a whole army. ”
RYE FUTURES TAKE TUMBLE
Traders Believe It Will Not Get Higher Government Loan Rate.
CHICAGO, Sept. 21 (U. P.).—Rye futures lost more than a cent a bushel on the board of trade today. The depression was attributed to the fact that rye is a non-basic crop probably not subject to a higher government loan level. Other grains and soybeans easetl: At the end of the first hour, wheat was off % to % cent a bushel; corn and oats off % to %; rye off 1% to 1%, and soybeans off %. Price changes in wheat held within narrow limits as traders awaited . the senate debate on the price-control bill today and the outcome of the pending anti-infla-tion session in the house tomorrow. Grain men were reported to believe that the house farm bloc would yield to President Roosevelt's strong recommendation that there be no upward revision of parity prices, but that the outcome of the senate legislation still uncertain. Selling of May wheat by millers contributed to fractional losses. Buying interest lagged. The corn market was dull with December corn in demand at 86% cents a bushel and sellers holding for 86%.
George C. Brainard, chief of the|
RENEGOTIATION
Revising of War Contract Saves Two Billion,
He Declares.
" Times Special WASHINGTON, Sept. 21 ~Point= ing out that the renegotiation of war contracts will save nearly two billion dollars this year, Senator Frederick VanNuys (D. Ind.) today informed. inquirers:that he has no intention to vote to repeal the law which makés such savings possible. Because he had numerous letters and telegrams from Indiana asking that renegotiation be halted and the law repealed on the grounds that it is slowing production by in terfering with profits, the senio
sending in reply. “This law provides that in any war, navy or maritime commission contract in excess of $100,000 a provision should be inserted for renegotiatiion of the contract price at such period or periods when in the judgment of the departments the profits could determined with reasonable certainty,” Senator VanNuys’ letter re in part.
Some Refunds Voluntary
“This legislation has been most wholesome. War department reports show savings of $556,000000 through renogiation up to June 15. An additional $500,000,000 is anticipated as the result of refunds and price reductions on .contracts now under renegotiation. “The navy reports the saving through voluntary refunds from contractors and renegotiations of. $348,786,246. It is ah that
during the balance of the year. “Chairman Land of the maritime commission reports savings of $24,500,000 a estimates the amount of such refunds and savings will aggregate at least $65,000,000 more during the year. “The workings of this law there= fore show that actual and anticipated savings and refunds for the first year will approximate the total sum of $1,998,286,242.”
Cites Patterson View
Declaring that he cannot accept the view that repeal is “imperative to eliminate one of the: very serious handicaps which is interfering with the efficient production of war ma-
Ne
Undersecretary of War Patterson's statement that co-operation in renegotiation has been “excellent.” He pointed out that there is no truth in the statement that this section of the law was “slipped through,” as reported by “a certain radio commentator” and decl that the matter had been thoroug debated for days. Senator VanNuys concluded: “I would therefore courteously but frankly say I shall not support any
attempt at repeal.”
2% SEPTEMBER FUR SALE,
Easy Terms! Free Storage.
LIVINGSTON'S
129 W. Washington St.
‘WE Buy Diamonds
HIGHEST CASH PRICES PAID
STANLEY Jewelry Co.
113 W. Wash. Lincoln Hotel Bldg.
USE YOUR CREDIT at IVIGISHSINNIS
CLOTHING COMPANY
124 W. W. Washington St. : ros. n Prine 5 on
¥
§ KNOERLE TIRE CO. Inc.
N. Meridian 0 S 1
BR j= +L
(ga
SAXOPHONE Instruction
FUR (OATS Largest Selection in the State
INDIANA FUR CO.
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D IN
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WHILE THE REST OF |
THE TOWN SLEEPS HAAG'S ALL -NIGHT DRUG STORE |
22d and Meridian IS OPEN
Annual Sale
senator released a form letter he is aE |
amount will be more'than doubled
terials,” the senator's letter cited