Indianapolis Times, Indianapolis, Marion County, 17 December 1942 — Page 26

_ MACHINERY FOR OUR NEW HEMP MILLS won't consume as much critical material as you might thing. Proci essing hemp isn’t so very complicated but to most people . around here, it’s something new. &_ After the hemp is cut it is left in the field to be “dewvetted” which is just another name for rotting. Then it is taken to the mill where it is dried. The dried stalks are then ~~ forced through “breaks” which are simply fluted rollers which crumble the hard fiber outside away from the inside

am

pulp and wood. : he * “scutches” brush off that — and-.pulp which isn’t wanted and clean up the fiber. The rematning fiber is combed out by the “hackles” which toss it over a row of rugged pins, The fiber is then graded, baled and shipped to a rope plant to be made into cordage. Very likely much of it will go into marine cordage, the most pressing need, at the moment. That is the refining process that will be taught

Mr. Budrow

. #0 workers at the new $300,000 hemp

mills to be built at Nappanee, War-

‘ren, Remington and Frankfort.

About 100 workers will be needed

: _ 8t each mill, 35 of them women.

" Hemp, which will be grown in the north and northwestern corn country of Indiana next summer, is

yyéally one of the nation’s oldest

erops. Before the Revolution it was grown in Kentucky and made fiito homespun garments, twine and

sacks. American hemp furnished

rigging and cables for Perry's fleet on. Lake Erie in the War of 1812. Hangmen liked it because it was 80 strong. But. foreign competition knocked it out for years. Then our supplies of Manila hemp, sisal and jute from the Philippines and Netherlands East Indies were cut off by the Japanese conquest, » However, unless a better product ¢an be produced cheaper than Qriental labor has done, hemp is likely to be only a “war crop” whose Yalue will suffer eclipse, as it did once before, from foreign competia issn. #2. SYNTHETIC DISHES are being made for the navy because so many of the china dishes are broken when guns are fired and ship skids sideways. New plastic saucers are molded to allow a 30-degree roll before the cup overturns. Even soup plates are ‘Sdapted to a high sea.

Processing of Hemp Will Be New Job for Hoosiers to Learn Soon |

SMALL FIRMS GET WAR WORK

Army Cites 14 Per Cent

Gain in November Awards

To Manufacturers.

WASHINGTON, Dec. 17 (U, P.). —Machinery for spreading war contracts among small manufacturers is being rapidly expanded by the army, in co-operation with the navy and war production board, army procurement officials sdid today. The small war plants branch at headquarters of the services of supply is already able to cite increased distribution of army contracts among smaller plants. In November there was a 14 per cent gain in dollar volume of contracts for-small business over October. On Sept. 1, contracts of the seven services of supply procurement services in effect with plants employing over 500 persons amounted to $15,701,617,000, or 79.2 per cent of the total value of the contracts. Contracts with plants employing 500 or under amounted to $4,108,940,000 in value, or only 20.8 per cent, although in the whole country 94 per cent of all establishments employ 500 or fewer workers, and these aggregate 64 per cent of all workers.

Includes Prime Contracts

Prime contracts awarded by these services in November included $1.767,096,000, representing 66.2 of total value of all contracts, which went to plants with more than 500 workers, while contracts totaling $550,228,000, or 23.8 per cent of the total value, were awarded plants employing 500 or fewer, A further breakdown showed that $209,408,000 of the.contracts let in November went to companies employing fewer than 100 workers: 87 per cent of all establishments are in this bracket, and employ 29.9 of industrial workers. ‘These figures concern only prime

. ODDS AND“ ENDS: The com-|contracts. Smaller business firms

department says the labor |do much work as sub-contractors.

situation in Chicago is getcritical. The scrap drive ed up some old moonshine stills in the Blue Ridge mountains, . Thdianapolis Water Co. has pumped

| Mhore water this year thus far than

all of last year. . . New Castle aployees of Chrysler Corp, are 8 $200,000 bonus. istics now replace 200 pounds of um in the Consolidated B-24 berator) bomber. . . Curtissright is building a wind tunnel to fst planes of the future designed » fly 700 miles an hour and faster.

| N. Y. Stocks

High

Net Low Last Change

L141% 140% 141% + 1 sean 26% 26% 26% + % Ceerse 72 3% + 1% 175 175 + 1 6% 8% + Ys 9% 10% + ¥% eta 26 126 — 1a reve 42% 43% + % 3% 3% + ¥% weevs 24% 25% + 27% 3 + Ya 462 41% + % 18% 19% + % 3% 3s .... 32% 33% + 1 b4Ys 85% + % 2 22 + 1 26% 26%2 + % 8% 8% .... 92 92 rons esha tie 66 67% + 1% 7-33 3% 41-32 15% 15% + % csrers 68% 7 + Ya 5% + ¥% 6% 8% + % 14% 14% — ¥% 57% 58% + % Seiees 132 135 + 3% 150 . 150 aay 29% 30% + 7% 20% 20% + % “eres 26% 26% + 7 23% 24% + Ya 8% 82 + Ya 4% 4% + % 10% 1% + % 56% 58% +4 1% 28% 29% + 6% 7 + ¥ ko! a — Y 21% 28Y + 19% 19% + ¥% 26a 26% -... 31 Ys + % via eae 33% 83% + % 112% 112% .... 32% 38% + 5% 6s + 15% 15% + % 18% 19 + Y 142 14% + % 10% 10% + % sants 11% 11% .... 637% 53% + % ee. 2a 3% .... 24% 25 + % nt BE is a 4 49% 49% .... | ine. 20% 26% 4+ % SP 10% 10%: + % 3Ya 43% —1-16 2% 12% + Y% 13% 14% + % 60% 61 + % 2 9% + Y% 9% 9% .... 15% 15% + Y% 2M 27% + 3% 4% 45% + Ya cae Vs Vs + % 43% 4% .... 5% 5% + Y 5% 5% + Y% 22% 22% vias 27% 21% + 25 26% + % 100 100 anne 102 101 el 109 109% + % reves] ’ 19% 19% .... a 8% 4+ % 25% 26% 4+ %» Canee 15% 15% + % 71% + 1% 13% 13% .... 2 30% Tai a 20% 2% + %

d daily in the final ediof The Times.

WAGON WHEAT close of the: Chicago masieb

a

Study Policies Gen. Brehon B. Somervell. com-

. |manding general of the services of

supply, recently directed ' contracting officers in the field to examine prime contracts. Those officers, with fleld representatives of the smaller war plants division of the WPB, are studying policy and procedure preparatory to such a reexamination. A series of five meetings of such officers and WPB representatives was called for this purpose. The first convened at. San Francisco Monday. The second one assembled today at Kansas City, Mo. Other meetings will be held at Chicago Dec. 21, Atlanta Dec. 28 and New York Dec. 30.

MILL BUYING AIDS PRICES FOR WHEAT

CHICAGO, Dec. 17 (U. P).— Grain futures advanced fractionally on the Board of Trade today. . At the end of the first hour wheat was unchanged to up % cent a bushel, corn up % to 3% cent, oats up % to % cent, rye up % to % cent, and soybeans inactive.

Mill buying strengthened . the wheat market. Traders said that the strong undertone prevailing is caused partly by an increasing backlog of unsatisfied flour buying, being built up day by day as inventories are whittled away.

Producers Creamery Co., Spemgaed, Mo.; registration of trade-mar arigraft; ** class 45; foods and ingredients of

“Warring on

has denied statements by Executive

In a letter to Chairman Robert

in his statement that the RFC had. failed to provide the United States with rubber, tungsten, block mica, industrial diamonds, cotton linters and ixtle. Jones’ letter was made public by the committee along with testimony of Jones, Perkins and Vice President Henry A. Wallace. The committee was considering a bill to expand the RFC’s lending and borrowing authority by $5,000,000,000, but the hearings turned into a debate between Jones and Perkins over authority of their respective agencies and the work each had done on the strategic material stockpile. Here is a resume of Perkins’ major charges and Jones’ rebuttal:

Rubber

+ Perkins charged that on April 13, 1942, the Rubber Reserve Co. an RFC subsidiary, “had in South America on development of wild rubber one man” and that today BEW has 86 men in South America and 40 more en route to work on rubber development. Jones said that Rubber Reserve arranged with Brazil after the interAmerican conference .in January, 1942, to purchase its entire exportable surplus of rubber and charged that Perkins “failed” to state that BEW proposed an “Amazon Development Corp.” which was not acceptable to Brazil. Jones said it was necessary to delay start of the work until an agreement between the United States and Brazil was negotiated, and that all of the men now engaged in that work in South America are employees of the Rubber Reserve, selected by it in cooperation with the BEW.

Mica

Perkins told the committee that the old office of production man-

the Potomac

Milo Perkins (right), head of the board of economic warfare, has caused a flareup in Washington with his charges that Jesse Jones (left) of the Reconstruction Finance Corp. was stockpiles of critical war materials for this country.

lax in building up

Jesse Jones and Perkins

‘Feud Over War Stockpiles

WASHINGTON, Dec. 17 (U. P.).—Secretary of Commerce Jesse Jones

Director Milo Perkins of the board

of economic warfare that the reconstruction finance corporation was lax in building up stockpiles of strategic war materials.

F. Wagner (D. N. Y.) of the senate

banking committee, Jones said Perkins was “misinformed and inaccurate”

agement had asked the RFC on Sept. 5, 1941, to purchase 2,000,000 pounds of mica, but that on April 13, 1942 “not one pound of India mica had been put ihto that stockpile” and “only 40,000 pounds from Brazil had been put into it.” Jones said Perkins was “mistaken” of “misinformed”—that 13,850 tons of mica had been ordered.

Industrial Diamonds

Perkins said the old OPM asked the RFC in August, 1941, to buy 5,000,000 carats of industrial diamonds, but that on April 13, 1942 #none had been purchased by RFC for this purpose from South Africa . . , but the RFC had bought

167,000 carats.” Jones replied that Perkins’ allegations were “incorrect”—that OPM had recommended putchase of 5,610,000 carats of industrial diamonds while the treasury’s procurement division asked for 1,000,000 carats. Jones said the Metals Reserve Co., another RFC subsidiary, acquired 600,000 carats and negotiated for 400,000 more. Later shipping difficulties made it necessary to revise contracts, he said, but 3,000,000 carats were obtained.

Wool

tiators had saved the RFC a prospective expenditure of $150,000,000 on wool from Australia and New Zealand. Jones characteried that statement

as “amazing,” asserting that the RFC had had a contract for wool purchases renegotiated, “nor did the BEW save*the RFC the outlay of $150,000,000.”

Milk Prices ot 21-Year Record

CHICAGO, Dec. 17 (U. P.).— The price of milk paid by dealers to producers rose to a 21-year high this month, the department of agriculture reported today. . Retail prices of milk for home delivery appeared relatively stable but were higher than at any time in the past two decades, the department said, In some markets where conditions made it feasible, price increases over November for home delivery were authorized by the OPA. Dealers’ buying prices for this December are 25 cents per hun-dred-weight above those of December last year, ranging from 12 cents higher in the east north central group of states to 43 cents higher in the east south central group.

Incorporations—

Peggie Hale of Richmond, Inc., Delaware corporation; admitted to Indiana to deal in ladies’ wearing apparel. Magic City Ice Cream Co., tcles accepting provisions of General Corporation Act of 1929; 180 shares of $10! par, value. United ‘States Gypsum Co., Illinois cor-

Gary; ar-

U. S. STATEMENT

WASHINGTON, Dec. 17 (U. P.).—Government expenses and receipts for A the current fiscal year through Dec. 15, compared with a Tear Jae. Las

This t Yea Exp. ....$31 709, 300, 06. o $10, Ao, 09s, 313. 00 War Spd 20, +198, ,347, 396, 286.30

cpts 36.9 ih 3,305,002,398.13 Net Def. 25,537,935, 013. 20 6,621,239,763.87 | M Casi Bal 7,197,140,703.20 3,507,237,601.78

Work Bal 6,434,508,555.14 Pub Debt.107,050,598,203.23 63,256

Gold Res. 22,744,348,212.55 22.738,182,671.59

INDIANAPOLIS CLEARING HOUSE

SNE were RSI N00 DAILY PRICE INDEX

NEW YORK, Dec. 17 (U. P.).— Dun & Bradstreet’s daily weighted

ties, compiled for United Press (1930-32 average equals 100): Yesterday . .164.38 Week Ago ves esis nserver es 3109.10 Month Ago sessisnssasesnnes.100.24 Year Ago cessenennns: 140.64 1942 High (Dec. 15) ..ce0e....164.40 1942 Low (Jan. 2) ....eees.. 151.54

BUSINESS AT A GLANCE

By UNITED PRESS, McKinney

Year ended June 30 net income $198,708 or $143 a common share vs. $107,201 or 75 cents previous year. Miller & Hart, Inc. 52 weeks ended Oct. 31 net income $381,714 or $1.20 a common share vs. $321,770

tess evenness ee

Burtis, ¢ SBange of agent to Grant D. ns, Canal st. and Riley rd., East Chi-

or 96 cents previous year.

obsolete machinery polis Pani, yesistday told: fore has not been used in the

These old tire molds are being

and spare metal

U. S. Rubber Here Scraps

Tire Molds

for stockpile purposes from Brazil| $993,

1300-1 eessssennes. [email protected] Sn 700- 900 pounds secssssssenss [email protected] 900-1100 pounds .. 33 [email protected] 1100-1300 Ps . [email protected] 1300-1500 pounds ...eesssccce 14% 15.00 Medium— 700-1100 pounds ..esececseee [email protected] 1100-1300 pounds .....eeees.. [email protected] Common 700-1100 pounds .......ecee. [email protected] Heifers Chotce— 600- 800 pounds ..... secssses [email protected] 800-1000 pounds [email protected] Good600- 800 pounds ..seecececsse 13. gL .00 800-1000 pounds ..... essences. 13.00 ’| Med1im— 500- 900 pounds ...eeeeeeee.. [email protected] Common 500- 900 pounds ......ecce0.. [email protected] Cows - (all weights) Sa svsr sna csrnaneiay .. [email protected] rikiint an eae ra [email protected] Cutters and common .......... 7.50@ 9.75 CRINGE yy ooivsvnssennics avastas 6.00@ 7.50

Perkins said that BEW renego-|Good—

«| CHICAGO LIVESTOCK

price index of 30 basic commodi- Ly

Manufacturing Co. 8.25.

ARE UNCHANGED

Top Paid Here Is $14.30 as 9800 Porkers Arrive At Stockyards.

Hog prices were generally un-

changed from yesterday at the Indianapolis stockyards today, the agricultural marketing administration reported. The top was $14.30 for good to choice 160 to 200-pounders with the! schedule top at $14.25. Receipts included 9800 hogs, 800 cattle, 425 calves and 3225 sheep.

HOGS (9800)

[email protected] .. [email protected] | +. [email protected] .+ [email protected] «« [email protected] ... [email protected] . 14.15 11 20 .. [email protected] . [email protected] [email protected]

[email protected] Packing Sows Good to Choice— 270- 300 ds

POUNAs ..eeeessiese [email protected] 300- 330 pounds ce.eeesecees [email protected] 330- 360 pounds ....ceeeic.. [email protected] 360- 400 essassnesess [email protected] Good— 400- 450 pounds «.eccesese [email protected] | 450- 500 pounds sessessesens Bain Medium— 250- 550 pounds .........00n [email protected] Slaughter Pigs i Medium to Good— 90- 120 pounds ......e...0e [email protected] CATTLE (800) Slaughter Cattle & Calves Steers Choice— 700- 900 pounds ......oeveves [email protected] 900-1100 esse ennns [email protected] 1100-1500 pr esses [email protected]

Bulls (all weights) (Yearlings Excluded) Beef— GOOA civevecceccsscsnnsccnss [email protected]

Sausage— Good (all weights) ......... [email protected] Medium ........... seseses. [email protected] *taeeves [email protected]

CALVES (425)

Vealers (all weights) Good and choice 15 30

Cull (75 Ibs. up) : 8.0010. 0 Feeder & Stocker Cattle & Calves

crevasses

Steers | Choice— 500- 800 pounds ......ecee.. [email protected] 800-1050 pounds esessssssses [email protected]

500- 800 pounds 800-1050 pounds

Medium-—

esssssscsess [email protected] e000 snttsnne [email protected]

500-1000 pounds «.ceee..s.es [email protected] Common— 500- 900 pounds ....cccc0ucee [email protected] Calves (steers) Good and Choice— wd 00 Sounds dOWD. .eecteresns [email protected] 500 dls QOWR. ccuiveverass [email protected] Calves (heifers) Good and Choice— 500 pounds dOWR seeiisveens [email protected] Medium 500 pounds down .......c... [email protected]

SHEEP AND LAMBS (3225)

Ewes (shorn)

Good and choice ..........es. 7.00@ 8.00 Common and choice ..... esses 5.50@ 7.00 Lambs Good and choice’ ....coeeeees 33 15.50 Medium and good . ds onaeensaes [email protected] COMMON .oives:rsseronrennees 10a Yearlinz Wethers Sood a and. choice ......ccvvu.s 14008142 Vivesenienvarasvee sees [email protected]

Hogs—16,000; 10 to 20 cents higher; closing less active than ear rly; good to choice 200-300 1bs., $e 10@ 14. 25; to $14.25; 170190 lbs. $13.9 0@14 .10; sows steady to 10 cents Bigh er; fod 2 and choice 400 Ibs. $13.90@14; 450-550 1bs., $13.75@

ttle—4500; calves, 900; fed steers and yearlings active, steady to sucne; strictl choice steers. absent, ip 3 6.25; bul $13 50 to $15. 5: heifers fully ak bulk top $15.25; cows and bulls

cutter cows to $9; heavy to $12.90 with ao quotable; vealers fully

steady at $13. Sh eep—10,000; late Wednesday — Fat lambs 10 to 25 cents lower, quality considered; numerous loads strictly ood to choice 87-96 lbs. fed westerns, $15.15@ 15.25; deck sorted natives to city butchers, $15.35; medium grades down to $14.25; good to choice natives, [email protected]; a load of choice ewes, $ .75; medium to good, [email protected]. Today's trade—Fat lambs slow, a few early sales good lambs weak at $1465 to $15; good to choice lambs unsold; held upward to $15.50; other slassts about steady; load yearling ewes, $11.7 a few loads common to Evy ewes, Vie

LOCAL ISSUES

Nominal quotations furnished by local unit of Natio nal Association of Securities Dealers. Bid

Agents Fin Corp coOm........» 1% .. A in } Carp p ota. tvsenssss 30 . Belt S COM. .coves oe 42 aoe Beis RE Stk Yds 6% pfd...... 62 ve Bobbs-Merrill com ........ce0 ow 3 . Bobbs-Merrill 4%2% pfd....... 40 es Cirole Theater com. eesse 36 30 *Comwlth Loan 5% pid... rears 95 Hook D 0 COM ....oonsse 12 14% Home Tob Pt Wayne 7% pid. 51 ee Ind Asso Tel 5% pf ave Ind & Mich 7% pfd sa Ind Hydro Elec 7% 38 Ind Gen Serv 6%: pid. cesecas vole *Indpls P & L 5% p 94 *Indpls P&L com ....... 11% Indpls Rlwys, Inc, com 16% Indpls Water pf ........c.c000 . Indpls Water Class A com 16% coln Loan Co 5% 88 incoln Nat Life Ins com 30%, N Ind Pub Serv 5%% a. 8 N Ind Serv 6% 83 . Sha Pup Be 1%. pid.. 5. ogress Laun Pub Serv of Ind 5% pid «coos 941 Pub Serv of Ind co 13% 80 Ind G&E 4.8 ptd 88 United Tel Co 5%.. ae Union Title com 2

Van Camp Milk prd.. Van Camp Milk com..

Bonds Algers Wins'w W RR 4%%.... 80 oe American Loan 3 a essen ama 94 99 American Loan 5s 46.......... 101 Cent "Co Hide Co is. 42-51.... 89 es Ch of Com as 51... 75 79 Citizens In Ss 6 e103 1068 Consol pin 3 MH 5 can satiees 94 97 Crabb-Reynolds-Taylor 45 .... dant Home T&T Ft Wa ayns e 6s 43.. ‘103 106 d Tel Co 3%s 70...... 105 o's Indpls P&L 8 70 cunssnsses 106% 107% Indpls Railway Co 5s 67..... ii 80 Indpls Water 14868. ...... 106% 108% Kokomo Water Works 5s 58...104% ... Kuhner Pa: s 19. 98 101 Morris R10 . 98 101 cie Water Works 5s 66...104% ... X "Ine Pub vosices 01h 109 C 8 BB. .convesnns a Serv of Ind 4s 60 ...... 106% J Pub Tel 468 55..............00 98 01 Richmond Water Wks 5s 57...105 vgs Trac Term C FER 8 81 sEx-dividend.

LOCAL PRODUCE | Heavy breed hens, full-featherd, 320c; hens, 1c. SELES Tr ta tr Site fe Roasters, 4 Js. and over; colored, Be: whl No. 3 poultry. Ta pa es receipts 54 lbs. and up.

Open... from7 A.M. fo 9 P. M. Every Day Until ‘Christmas

SEARS iv SERVICE STATION

SPECIALS FOR FRIDAY, SATURDAY and MONDAY ONLY! Regular *9.95 “Heatmaster”

UNDER-SEAT HEATER

Gelling Price .......... $9.95 Less 0% ans $1.99 Sale 96 Price

Heats the entire car! improved core provides exceptional amount of heat . . . 8inch fan distributes it perfectly to front and rear compartments.

Mounts out of way under front

seat. Real revelation in winter

You Save $1.99!

driving comfort!

Oo eee

a. medium, HE 1 a

#

Tire

Retards

Large,

Deterioration ¢ Due to Exposure and Heat

Make your tires last longer. of this preservative to retard deterioration due to exposure.

In Quart Cans. .

Preservative

PER - TIRE Applied

Apply a coat

.98¢

Regular $12.25 “Cross Country”

DE LUXE FIBER SEAT COVERS

Trade in Your Old Worn-Out

Parts on

“Nu-Bilt” Replacement Parts

Make Your Car Like New , With Sears Auto Parts!

Suing Price, $12.26

= 10-98

Smart, distinctive plaid fiber combined with beautiful maroon sallcloth, Wine-color leatherette reinforced: rich cream-color piping. Custom tailored to assure perfect fit,

lasting beauty.

Rebuilt Fuel Pump Eabauges i. 1.19 Fords, Chev. Nu-Bilt Carburetor Tor roras Exon. 3:98, bp t Nu-Bilt Distributors por Mt... 11980, Gelling 3:39 '» $3.98 : SHOCK ABSORBERS picnanse.... 2960p] oo oorr sturey I GENERATOR Exchange.....ceeoveees . 3.96, plaids. Fringed gn ad bs, 54x74 ETE RR

vy

TRUCK

AND

CAR OWNERS!

IF YOU'RE ELIGIBLE

FOR NEW TIRES OR RETREADS, YOU CAN BUY THEM AT SEARS!

LR SPECIAL

Price Includes This 10-Point Check-Up!

® Wash all glass in the car ® Check radiator

® Vacuum out the interior ~® Air tires ® Check water in battery ® Inspect light bulbs ~ ® Check muffler

® Check water pump and fan belt

® Check oil filter

® Check transmission and differential

’

j-o00

WINDOW DEFROSTER FiLM a Ceiling Price 1 49 Price, “sSta-Clear.”

ih windshield clear. Mounts on steering wheel. Rubber blades.

rotectian. o apply, cally invisi le.

99c

In-

expensive frost Easy racti-

MOTOR TUNE

SPARK PLUGS Ceiling Ceiling Price, 37° Pr 39¢ ep, pow] “Cross Count Adds BOD: cone qualit ly New, im- sumption! Frees proved type for tickingvalves,

quicker starting.

25°

SPINNER TUBE KNOB REPAIR KIT Ceiling Ceiling T RI Price, 1 > 170 Wheel

“Cross Country.” 10 Patches, tube of rubber cement, For emergency.

FLOOR

MAT CUSHION Cellin Ceilin Price, 1 98 Price, Durable black Matches

rubber; felt back. Semi-fitted. Stops drafts.

spinner ma kes steering,

SEAT

43¢

“Cross Country’ seat cove ers. Wedge shaped. 15x14%,x3 Inches.

188-Proof Alcohol

Gallon Bulk

in bulk—save mon in for Uncle Sam! |,

Bonde

Conia on

foi* yourself, gm

poiso! fumes. by Bears with a written guar

antee, Eh 5 1a for Radiator Service on No Chares | r r ;

»

FRIDAY, SATURDAY AND MONDAY ONLY!

3

>