Indianapolis Times, Indianapolis, Marion County, 24 February 1943 — Page 10
+ tion in operating, repairing and
BUSINESS
Frankness on Management’s Part
Can H
elp Refute ‘Smear Rumors’
—By ROGER BUDROW SMEAR RUMORS HAVE THE MANAGEMENT of
‘some of our local war plants hot under the collar.
The
. ¥Yumors may have been started by disgruntled employees or
by competing firms trying to “pirate” workers away from
their jobs.
The president of one concern complained he was both-
ered with talk that his plant “wasn’t doing its share for the
war.” Another outlying war factory has trouble convincing its employees that its produets are destined for the fronts althqugh they are not so obviously “glamorous” as a finished
Allisot~airplane engine or a p Another, the Link-Belt Co. here, haa an editorial in its employees’ magazine to show" werkers how important their jobs are. | The chains, bearings, gears, wheels, sprockets and other power transmission and conveying equipment are vital to war, the editorial points out, “otherwise materials could not be obtained for their manufacture.” Those Link-Belt employees making : shells, tank plate Srheels, trench mortars, tank treads, .~amphibian tank bearings, and so on, can realize the front-line importance of their work. But it is the workers in the “second-line” jobs who pre urged to stop and figure out their importance in the scheme of things.
Mr. Budrow
® x » MISUNDERSTANDING of the job is due, in some part, to just lack of thought on the workers’ part. But it seems fo me the major blame falls on management, Former censorship rules caused management to be too “hushhush” in some cases. Now that the rules are less strict, management has a chance to come out and fell employees frankly what the score is. 2 8 = THE CUBAN ARMY is the newest customer of Marmon-Herrington, Sndianapolis tank manufacturer. Specialists from the U. 8. island neighbor were here to get instruc-
servicing the tanks. * # % ODDg AND ENDS: The mild English winter has helped rationing on coal stocks over there, . .. . New Guinea rubber plantation managers say tapping of trees can start shortly, if natives return. . . . Pullman’s lost-and-found department returned ‘$80,000 cash and jewelry worth $30,000 to their owners last year.
ropeller or a tank.
TOP PRICE FOR HOGS IS $13.30
5 to 15-Cent Decline Made As 6600 Porkers Arrive At Stockyards.
Hog prices opened 15 cents lower than yesterday’s general or late prices atc the Indianapolis stockyards today, the food distribution administration - reported. Some choice hogs sold 5 to 15 cenis under the early or higher prices paid yesterday. Today’s practical top was $1550 for good to choice 200 to 225- -pounders. Receipts included 6600 hogs, 1200 cattle, 425 calves and 1125 sheep.
HOGS (6600)
Good to choice— 120- 140 pounds
[email protected] Packing Sows Good to choice— 270~ 300 [email protected] 300- 330 [email protected] 360- 450 [email protected] sssessssssss [email protected] Good— 400- 450 Pounds - 450- 550 pounds Medium— 150-250 pounds .....e....n Slaughter Pigs Medium te Good— 90- 130 pounds .......... ie
CATTLE (1200) Slaughter Cattle & Calves Steers
Choice— 700- 3CO 300-1103 1100-1300 1300-1500 Good—
[email protected] [email protected]
c00se00ss een
.. [email protected] « [email protected] « [email protected] [email protected]
700- 800 pounds 900-1100 pounds
+ 14.30015.50 1100-1300 pounds .. :
_..The B. Goodrich Co. is send-
i ing out 5 © r13hber news letter: iY Vs)
patterned after Kiplingel zg Was n- 1 ingfon news, Jette: in caieh. busi. messmen atfention, . . . Natrona) dndusicial Conference goaid 1epoLis cost of living in Indianapolis during December rose 0.9 per cent; in Anderson it rose 0.7 per cent; in Evansville, 0.5 per cent,
LOCAL ISSUES
Nominal quotations furnished by local unit of National Association of Securities Dealers. Bid Aske Agents Fin Corp com .. Agents Fin Corp pid Belt RR Stk Yds com Belt RR Stk Yds 6% pid, see Bobbs-Merrill com | “esse Bobbs-Merrill 4%2% pa Circle Theater com . . Somwlih Loan 5% pra 00. TU, 0. CO. Home T&T Ft Wayne 1% pid. 0s a Ind Asso Tel 5% pid
Lincoln Nat Life Ins com. N Ind Pub Serv 5%2% pid.. N Ind Pub Serv 6% N Ind Pub Serv 7% pid P R Mallory com Progress Laundry “Pub Serv of nd 59% pid *Pub Serv of Ind com So Ind G&E 4.8 pid Btokely Spo or pic United Tel Co 5% ..... vo Union Title COM +. desvsnsesss Van .Camp Milk ptd Van Camp Milk com .... Bonds
Algers Wins'w W RR ¢%4%... 99 American Loan 5s 51 94 American Loan 5s 48 Cent Newspaper 4'28 432-81.. of Com Bldg Co 4'2s 51.. Ind Tel 4%s 61 ... 10g
Railways Co 8s 67. oe Water Co 3%s 68 ; 0 Water Works 58 §8.. 4%2s .49.. . 98
Trac Term Corp 58 87 sEx-dividend.
OTHER LIVESTOCK
) —Hogs—
TT. WAYNE, Feb 15 souls + sii 60-200 5 $15.30; 200-
so: 225-250 1bs., $15. 30; 250-|
$15.10; 150-140-150 1bs., $14.40; 1301% ibs, Sih 15: 100-130 1bs., $13.90.
300-400 lbs.
1300-1500 pounds Mediums 100-1100 ‘sounds 1100-1700 : ponds Common 700-1106 pounds Ses Heiders Cholce— 800-1000 bounds Goo
14. .50 , 14. Tee 15.50
[email protected] [email protected]
[email protected] Cows (all weights) 12001250
od— 00- 800 pounds 500-3100 pounds
Sesesvvqeene
80000000000
Noon 900 pounds Common— 500- 90 pounds
Good
Bulls (all weights) (Yearlings Excluded)
saarseneeeviare seeesss. [email protected] 13. 25913. 5 [email protected] [email protected]
CALVES (425)
Vealers (all weights)
Good and choice [email protected] Common and medium [email protected] Cull (75 lbs. up) [email protected]
Feeder & Stocker Cattle & Calves Steers
2 | Choice—
500- 800 pounds
12. Na 15 800-1050 pounds ...
12.2 3.50
[email protected] [email protected]%
essessssse
Good— 500- 800 pounds ... 800-1050 pounds
Medium— 500-1000 pounds Common— 500- 900 pounds Calves (steers) Good and Choice— 500 pounds down
[email protected] [email protected]
[email protected] [email protected]
{Medium—
500 pounds down Calves (heifers) Good and Choice— 500 Pounds down . Mediu 500 nds down .. . [email protected] SHEEP AND LAMBS (1125)
Ewes (shorn): Good and choice...........c0 Common and choice ..... . Lambs
essen sessee
sees
7.50@ 8.75 6.00@ 7.50
[email protected] 14, 50615. 50
Lambs (Shorn)
Good and choice good [email protected] [email protected]
Yearling Wethers
Good and choice .......... «oo [email protected] Medium [email protected] | 2.
owned subsidiaries 1942 net profit
Roughs, $14. 25; stags, $12.50; male hogs, . 810 ns calves, $17; 1ambs, $15. 50; ~ ewes, 9 down.
FUNNY BUSINESS
$397974 or 28 cents a share vs. $5804 or less than 1 cent in 1941.
LI, or ry 7,
Vs, (s 7) Wa
REG. D. 8. PAY. OFF.
00 plained,
MIR rere me Lofty Candy Corp. and wholly |gadio
k-D | | United Aircraft. Tir
ARMY-FARMER PLAN ATTAGKED
Senators Complain Workers Needed for Planting Crops Also.
WASHINGTON, Feb. 24 (U. P.). —The senate farm bloc today was “unimpressed” by the army's initial move to ease the shortage of farm labor by assigning soldiers to
Ariz., area. Leaders of the farm group, which claims support of more than half of the senate to lower the projected size of the armed forces, said that release of troop units in limited numbers would not help production shortages. Chairman Ellison D. Smith (D. S.. C.) of the senate agricultural committee said the army's plan applies only to harvesting, while planting and cultivating is the key to all food production problems. Senator Harlan J. Bushfield (R. S. D.) said “you can’t harvest: food until after you have put seed into the ground.” Senator Bushfield contended that despite the army’s plan he still believed the drafting of farm workers should be stopped and that skilled workers should be released from the army. Senator John J. Bankhead (D. Ala.) has bills pending to do both. Others who objected to the army's plan as a “solution” of the farm problem were Senators Eugene D. Milliken (R. Colo.) and Burton K. Wheeler (D. Mont.). The plan was revealed .yesterday by Lieut. Gen. Joseph T. McNarney, deputy chief of staff.
Want Skilled Help
The - objectors complained that Gen. McNarney’s plan means the dispatch of entire troop units, re-
5 gardless of their previous occupa-
tions, to areas where production is stalemated. Senator Smith said the use of men who have never worked on farms before merely means that the farmer will receive unskilled labor for simple tasks such as fruit picking.
time and again that the armed forces stand pat on their goal of 11,000,000 men by the end of the year, said he was under the impression that there is a sufficient supply of farm labor except during the harvest seasons. The troop detachment to begin work near Phoenix, like all others to follow, will be bivouacked at government expense, receive regular army pay, eat army food, operate under their regular leadership and be subject to military discipline. This plan, he pointed out, was not followed in world war I. The government will be reimbursed for its expenditures by the farmer helped by the soldiers Gen, McCainev ex.
made hy the sgricultnive department, President Roosevelt lepeaied his firm opposiuonr lo furloughs ior soldiers at his press conference. In an obvious reference to the farm bloc’s insistence upon release of picked, skilled men, he said that if 10 or 20 men were taken out of each company of a division ready for overseas duty, its efficiency would be impaired.
N. Y. Stocks
Net Hien Low Last orange .15- 18 182
Allegh Corp . Allied Chem . Allis-Ohal
sess
Heel;
Balt & Ohio .. Bendix Avn ... Beth § Steel ....
Borg-Warner .. Bdgpt Brass 13% Ches & Ohio pf 3 Chrysler 3% Comw & So ... Cons Edison ... Cons Oil Corn Prod . Curtiss-Wr Dome Mines .. Douglas Airc... East Kodak . Elec Auto-Li ... Gen Electric.... 35% Gen Mills pf..131% Goodrich Ye Goodyear Hudson Motor ., Int Harvester... Int Nickel . Int T&T-... cs Johns-Man ... Kennecott Kresge SS Kroger G & B. L-O-F Glass .. Nash-Kelv
Sub: tp Lob |
+4: +++] HHH
l
a
Rem Rand ..... 13 Republic Stl ... Sears Roebuck.
Seb ok | [EE
+ +-f
Ss Stokely Br .... Studebaker .... wift & Co ...
+
87s 245 10%
“Un Gas Imp pf.108%
US Rub 1 Bi. 107% U S Steel pt U S Tob
«oa 86% . 18% 34 16% . 33% .. 25%
PIR HE]
SEE es me sees es
Rad
Complete New York stock quotations are carried daily in the final edition of The Times.
Harnischfeger Corp. and sub-
‘| sidiary 1942 net profit $1,445,180 or
$4.79 a common share vs. $1,094,869 or $3.56 in 1941.
SAFE DEPOSIT BOXES
~ AMERICAN NATIONAL BANK -
AT INDIANAPOLIS
help pick cotton in the Phoenix,
Gen. McNarney, who reiterated
All arrangements wi he)
{Rumors About
Public Was
By JAMES THRASHER Times Spevial Writer DETROIT, Mich., Feb. 24—In the midst of all the public confusion,
.|one positive statement can be made
about the government-built, Ford-
This great factory, covering nearly 1000 acres, has certainly set a production record for wartime rumors. Some of them have ben malicious, some sound; some of them
tained a few grains of truth. They've multiplied partly because
to refute each rumor as it came along, since in many cases it would have meant revealing secret production records to do so. - But there are prevalent rumors that can be answered. And they
ity who eannot be identified, but who had an active role in the development and manufacture of B-24 bombers, at Willow Run and elsewhere, since they .were first put into production. Rumor: Willow Run is not producing any bombers. Answer: “The first Willow Run bomber was accepted in September, and ‘they have been coming out since then in gradually increasing quantities.” Rumor: The hombers produced will not fly because of faulty construction. : Answer: “They are all flying. By present comparjson the first ones turned out did look a little shabby. But now the workmanship and rigging of Willow Run bombers are equal to and sometimes superior to those of other factories.” Rumor: There are less than 5000 workers at Willow Run, but the management keeps talking about 25,000 to keep the picture looking good. Answer: “There are more than 30,000 workers. . If it weren't for the housing shortage there would be more than our present figure and the production schedule would go up accordingly.” Rumor: No sub-assemblies have been shipped to the assembly plants in Tulsa, Ft. Worth and San Diego. Answer: “Shipment of sub-as-semblies started last fall.”
Two Were ‘Lousy’
Rumor: Sub-assemblies that have been shipped have not been accepted because they cannot be used. Answer: “There were two ‘lousy’ airplanes that could have been flown, but which were sent back here for school use. Our inspectors were green compared with those at the Douglas plant dn Tulsa, but Douglas was in a hurry and said they'd take the parts anyway.” Rumor: The so-called Ford system of mass production at Willow Run has broken down completely !S
1tiliz
vmade
{stations in hesketz msiead of uv ing the moving convevors, Answer: “lhe Willow Run assembly line has no coaveyors, and is not going to have any. The con-
BENDIX AVIATION CO. GETS $150,000,000
NEW YORK, Feb. 24 (U. P)— Bendix Aviation Corp., anticipating a substantial increase in its present production, has arranged a $150,000,000 “V” loan to finance future operations, President E. R. Breech announced today: The company’s current annual
‘1, | output is valued at $700,000,000 and
is 20 times greater than pre-war
i production in 1939. More than one-
third of this increased production is in Idevices “not even on the
® | market in 1938” and developed in 4| Bendix research laboratories «| co-operation with the U. S. army
and navy.” Arranged through the National Bank of Detroit as agent, the loan was placed with: 60 institutions throughout the country and will run for three years. The initial
a|loan will be at least $40,000,000 and 2 | interest will be paid at an annual %| rate of 2% per cent on all amounts
borrowed, in addition to a commitment fee of 4 per cent on the
5 unused portion.
| CORN PRICES HOLD
10 .0PA GEILINGS
CHICAGO, Feb. 24 (U. P.).— Grain futures turned easier on the
‘1 poard of trade today. Corn countered the trend holding to OPA a ceiling limits.
At the end of the first hour wheat was off 24 to 1% cent a bushel; corn unchanged; oats off %& to 4 and
+ | rye off 3; to 5%.
Attention focused on the farm bloc-administration controversy on the parity revision bill, and traders expressed the belief that the bill has a 50-50 chante of passage.
incorporations
Copp Music Shop., Inc., South Bend dissolution. International Milling Co., Wilmington, Del.; registration of trade mark ‘Alcomeal,” class 48: granular yheay meal for use in manufacture of alc Ralph Raymond Vinson, oe) eld, T.; 2 rest baation of trade mark ‘‘Safe-T-Film,” and design, class 48: containers. State Amusement Corp., Gary; change of agent to Tula P. Kalleres, 728 Johnson st., ry. ®
® ON ANYTHING ®
Autos .® Diamonds ® Watches Jewelry © Clothing © Radios, ete.
NEN
ILLINOIS AND OHIO STS.
ana workers are ¢allying parts to]
in|.
GET CASH’ IMMEDIATELY | £
Ford's
~
low | Run E omber Plant Answered
Allowed fo Expect Too Much of It Too Soon
operated Willow Run Bomber plant.
have been wild, some have con-
authoritative sources haven't chosen 3
are answered here by an author-
BE
veyors sigply bring material to cribs adjacent to the stations.” Rumor: Supervision at Willow Run has been so poor that men have not been given enough to do and thousands have quit because of enforced idleness.
Foremen Scarce
Answer: “There is some truth in that rumor. There is no experienced supervision available. Foremen aren’t lying around in piles like cordwood. Willow Run has regular foremen’s schools. But you've got to train them. by the trial-and-error method. You pi¢k a man and tell him, ‘You're foreman.’ If he fails, you have to try another.” Rumor: Ford is 3000 plans behind in production. Answer: “Ford is on schedule right now. Production is a few planes behind the original concept. But that concept was unsound and was abandoned.” The above does not answer the most . persistent rumor—that Ford deliberately deceived the public by promising production at an impossible rate, and by “taking pictures of the bombers that had not been built.” The answer to this is unofficial, but the consensus that contributed to it seems sound. The most logical explanation is that the whole thing was a bad piece of public relations.
Ford company seem to have been guilty of allowing a lot of loose talk about “a bomber an hour” This would have meant 600 planes a month, a figure considerably above the original (and optimistic) concept of production. Didn't Deny It As for the “pictures of bombers that hadn’t been built,” here is the tory told in Detroit: last spring a homber was as cemhied at, Willow Run by band {28 2 practice iop to determine how many assembly stalions would be needed end other mechanical necessities. = One overly enthusiastic
Renegotiation by
WASHINGTON, Feb. 24 (U.P). —The office of war information announced today that four government agencies, in an effort to save time, have agreed to pool their authority for renegotiating war contracts involving two or more of the agencies, The agencies—war, navy, treasury and maritime commission— have delegated their powers to each other under the new arrangement so that one department’s approval of a renegotiated contract is binding on the others. Renegotiations, which consist of an over-all review of the war profits of a contractor or a subcontractor, is handled by the agency having the predominant monetary interest in it.
LOCAL PRODUCE
Heavy breed hens, 3% lbs. and over, 26c; hens, 3 ibs. and under, 23c; Leghorn hens, 23c. Broilers, 2% lbs. and over, colored, 26c; white and barred rock, 27c; Leghorns, 23c. Roasters, 4 lbs. and over, colored, 27c; white and barred rock, 28c. Stags: Leghorns, 21¢; heavy breed, 22c. Cocks, 16c. Fegg=Current receipts, 54 lbs. and up
Graded Eggs—Grade A, large, 35¢c; grade A medium, 33c; grade A, small, 25¢;
no gra C. Butter—No. 1, 48@48'%2c; No. 2, 46@ 46%¢; butterfat, No. 1, 46c; No. 3, 43c.
(Prices on produce delivered at Indianapolis quoted by Wadley Co.)
DAILY PRICE INDEX
NEW YORK, Feb. 24 (U, P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100). Yesterday Tesesssney 110:10 Week ago . sesese 169.83 Month 280 <coeeveeersesssces 168.67 Year ago
1943 Low (Jan. 2)..... 166.61 Sharp & Dohme, Inc. 1942 net
seseecs
of POR0 ¥.385.18% vs. $1,600,146 wm
1941.
Men's
and
Both the war department and the
Services Pooled |
1943 High (Feb. 20)...c00000 170.13 Cash
workman at Willow Run called a friend on one of the Detroit newspapers and fold him that they had just turned out the first B-24 at the factory. The newspaperman asked him to get some pictures. This was done and the pictures were run without any objection or denial of the implications. Ford spokesmen say that no deception was intended. In addition to answering the rumors set down here, the source of this information gave some clarifying reasons as to why production at Willow Run fell below the hopeful level of blueprint days. ;
Need Workers
First of these was manpower. “Given that and enough material,” he says, “and Willow Run could turn out 1000 bombers a month. Housing shortage and transportation difficulties account for this lack as well as for a great deal of absenteeism. The plant, designed jointly by Ford and the war department, is built for great strength and fluidity of operation.” (The housing shortage is another controversial subject. Some quarters blame Ford for stubbornness, or for seeking to avoid foundation ‘of a big “bomber city,” whose politics would be union-controlled. Others say that Ford had laid out a housing plan which, after much governmental suggestion and “interference,” was laid in the govern-
like dwellings are now under construction and ga trailer park project is being developed.)
Lagks Manpower
The second great lack, says this authority, is in inexperienced workers, “Of all the workers at Willow Run, there certainly isn't 1 per cent with previous aircrait experi ence, It may take a man a veal to learn his job.” A, third factor siowing up produce
the miost careful planning aud actual operation.
MORE INDICTED AT ELKTON WAR FIRM
BALTIMORE, Md. Feb. 24 (U. P.)—A federal grand jury here late yesterday returned two more indictments in connection with its investigation of alleged fraud at the Triumph Explosives, Inc., Elkton, Md., which is engaged. solely on army and navy munitions contracts. The new indictments brought to 19 the number returned in the case since Feb. 10 and increased the number under indictment to 20. Gustav H. Kann of Pittsburgh, president, and Joseph B. Decker of Elkton, vice president and general manager of Triumph, were charged in one indictment with conspiracy to defraud the United States by falsely entering personal expenditures as legitimate operating expenses; and by organizing‘two subsidiaties—Sussex Ordnance Co. and Elk Mills Loading Corp.—to divert excessive profits from Triumph to their own pockets. The second indictment charged use of the mails to defraud Triumph and its stockholders of profits earned on army and navy contracts and named: Kann, Decker; S. R. Jackson, Wilmington, Del, Contractor; R. J. Andrews, Elkton, Triumph building superintendent; L. B. Myers, Elkton, former civilian naval inspector; Morton Chatkin, New York City; brother-in-law of Kann; and . Sidney Feldman, Elkton, Triumph purchasing agent.
U. S. STATEMENT
GTON, Feb. 24 (U. P.).—Govxpenses and ecole for es
W. ernment current fiscal year through Feb. pared with a year a
‘This .'§ 46, 313 a1. 730 12, 871,20 1,296,251 Te 555 Ld Tor, 192/780 46
ro ar 008 Expenses 3 19719083 297 Receipts 68,372,045 Net Deficit. . Balanos Worki
ng Dw 49217,801,821 Public Bal. F111, 572, i 004 Gold Reserve 22,8425 ;
y ¥ Hy
3.008, 128
| INDIANAPOLIS CLEARING HOUSB «.§ 5,712,000 17,202,000
SUITS
TOPCOATS
If you 1 foul
n the i lookout
~ Open to 7 P. M.—Sat. to 10 P. M
ment’s lap. At any rate, barrack-
tion has been the difference peiween
Ford-made bombers are all flying, says one rumor-refuting spokesman. Here are some of the big B- 24’s going out for test flights at the airport of the Willow Run factory.
“A drawing of an airplane and the finished product are never the same,” it was explained. “The B-24 was not designed for Ford tooling. Every design has to accommodate the tooling” of the plant in which it is to be made. So the designs all had to be redrawn for Willow Run. “There were other little troubles that all added up to losing time. For one thing, Consolidated figures all measurements in fractions, while Ford uses decimals. So all that had to be changed. And we need a standardized dictionary of aircraft parts. There is one wing brace, for
. |example, that is called by three dif-
ferent names by as many manufacturers. All that means that a lot more time had to be spent on Consolidated drawings than was originally figured. ;
Ford “Stubborn”
“Another thing, material is now being provided in standardized cuts that differ from those produced
when Willow Run was first planned. So dies have had to be designed to meet these standards. “One original concept that has been adhered to was that Ford was not to compete with Consolidated subcontracts. B-24's made elsewhere are to a large extent an assembly job. But Ford is manufacturing at least 90 per cent of the parts that go into their bombers.” A further cause of delay, it was pointed out, was the difficulty of adapting auto production-line thinking to aircraft needs. “Ford has always thought of as-sembly-line production in terms of millions, with one design change 2 year. The army thinks in thousands, but with many necessary changes in design. Ford may have been a little stubborn about taking aircraft advice at first, but things are reall™ going now. : “The great; advantage thst Ford has is {9eling facilities and tooling know-how. With them Ford iz go
i
rate of change.”
WAGON WHEAT Up to the close of the Chicago market oday. Indianapolis flour mills and grain | elevators paid $1.49 per bushel for No. 2 red wheat (other grades on their merits). No. 3 whit oath 6c, and No. 2 red oats,
ug to be able to beat the aucrale
REN Lr Wants ‘Clear Mandate’ ;
Now to Get On With Food
Production Plans.
WASHINGTON, Feb, 2¢ (U, P). ' —Secretary of Agriculture Claude Wickard asked congress today for a “clear mandate” immediately to proceed with the proposed food production program while there still is time for farmers to plan their crops. Wickad outlined his program to the house agiculture committee. He proposes that the government continue crop loans and incentive pay-~ ments, and he reiterated his opposition to a general increase in farm | prices as proposed in bills now before congress and as supported by the farm bloc. z “I take it for granted that almost everyone feels that increased cost | to farmers necessitates increased returns on many agricultural commodities during 1943,” Wickard said. “But in order to make sure on ob- | taining maximum agricultural production in 1943, we should have a clear mandate from congress im- | mediately. | “If we are going to get vital production we must have programs which either through purchase or loan operations, or through incentive payments, will enable farmers to cover the cost of their extra | efforts,” he said.
“Some Adjustments” Needed J
Wickard said that if farmers are achieve the production goals vitally needed in the war effort, | they must have assurance that they | will receive returns sufficient to cover costs. While one way to obtain that return would be by increasing prices, that is not the Jy preferable way, he said. “Substantial increases in farm prices would inevitably lead to increases in prices and costs all along the line, and might result in an inflation which, in the long run, would be even more ruinous to farmers than to others,” Wickard said. “I am not saying that no adjust« ment in prices should be made, but, in -general, other ways should be used to enable farmers to cover the increased costs of the extra production for which we are asking.” He renewed his request for $100,« 000,000 to finance incentive payments for increasing production of nine of the most urgently needed crops. A house appropriations subcommittee recommended by a six to one vote recently that the request be denied.
Renews Wheat Reguest
Wickard also asked the committee to considera request for authority to sell at least 100,000,000 more bushels of government-owned wheat for livestock feed at 85 per fen of parilv, ‘The 125000000 bushei= authorized hy congress ly 53 To be sold already has been dis: posed of, he ssid, ‘The Commodity Ciedil Coip now owls appiozuuately 200,000,000 bushels of wheat and has loans on | another 420,000,000 bushels, he said. Sales of at least 100,000,000 bushels of that before July 1 is urgenfly . needed to encourage livestock pro+ |
| |
ts, | duction, particularly eggs, poultry
56c; aa ow corn, 90c E, bushel, and Nov s ite corn, $1.01.
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