Indianapolis Times, Indianapolis, Marion County, 25 February 1943 — Page 27
BRR I ip USE TE,
the government may try to control . Prices.
& cargo transport plane factory at Chicago is world’s largest wooden a
EET ; Ind Asso
INESS
Prices for Indiana Farms Going Up As They Did in the First World War
By ROGER BUDROW
: ANOTHER BOOM 1S ON FOR INDIANA FARMS. It is a repetition of what happened in the first world war. And Purdue. i Is. worried ‘that farmers will again be caught when the war-bubble bursts, leaving them with inflation-level debts
pnd depression-level income.
- Purdue believes farm land prices will keep on going up
In other words—foreclosures.
for several years. For one thing, the insurance companies, barks and estates that had¥ taken over farms during the
depression have sold much o is greatly reduced. =. 3 ‘On: the other hand, the demand is increasing. Farms seem destined to make good money for a few years at least and speculators turn to the safety of land when inflation progresses. Purdue economists believe that the shortages of farm labor and machinery, higher: taxes or even the memory of singedfingers from the last war are not strong enough Mr. Budrow factors to deter the increase in farm land prices. But they do believe that before the boom reaches fantastic: proportions,
Such: control would be only partially effective, they say.
NDE
“oem
WORLD WAR It (1937 39s1000
"9S - 1940 nes
This . index ‘shows how land values rose in world war I, how the same situation is developing
Purdue finds most farm buyers consider what profit the farm has made over the past five or seven years. That is a mistake. They ought to average earnings over a much longer perior, in order to determine the true value of the land. If farmers have any debts, the time to pay them off is now, Purdue warns. Indebtedness should be reduced within two years after the war is over to at least 35 per cent,
020
or better 25 per cent, of the long-|,
time earnings of the land, the university recommends. . 2 i 2
ODDS AND ENDS: "Indiana Steel
their holdings. So the supply
PORKER PRIGES ARE UNCHANGED
Top Remains at $15.50 as 7000 Hogs Arrive; Vealers Steady.
Hog prices at the Indianapolis stockyards were steady with yesterday’s bulk sales, the food distribution administration reported. The .top remained at $15.50 for good to choice 200 to 225-pounders. Vealers were steady with a $17.50 to Dl included 7000 hogs, 1200 cattle, 450 calves and 2300 sheep.
HOGS (7000)
Good to choice—
120- 13 pounds .... [email protected]
0 200~ 240 pounds .... 240- 270 pounds .... 270- 300. pounds .. 300- 330 pounds . 330- 360 pounds ...sesvcese Medium— 160- 200 pounds Packing Sows Good to choice—
15. 0615. 25
e00% sass se808s0see
15.00@15
1400- 450 POUNAS eeesescsons 450-550 pounds Medium— 150- 250 pounds «..ccevee. Slaughter Pigs Medium to Good— 90- 120 pounds : CATTLE (1200) Slaughter Cattle & Calves Steers
Choice— 700- 900 pounds Teascens
[email protected] [email protected]
ees steess ase
. [email protected] [email protected] . [email protected]
1300-1500 DA rs ve [email protected]
Good— 700- 900 pounds ..
900-1100 pounds .... 1100-1300 pounds ...
. 14.50
Products Co. net income was $1.70} 3
a share last year against $1.03 in 1941.°. . . Advertisements in British ‘newspapers stress cost in ration |" points; not pounds, shillings and pence; it foreshadows change in advertising in this country now under the point system. . A liquid
plastic. has been developed to spray|
on bluéprints, making them resistant to water, oil, grease and dirt. « «_o Douglas Aircraft’s new army
factory. . LOCAL ISSUES
{Nominal quotations furnished by log t os National Association of Seculi
Pub Serv 5 ao pta d Pub Serv 6% 92 + I Pub Serv 3% Pid,....0208 R Mallory a
Laun com Serv, of 7H 5% pfd.. san aii oe Serv of Ind com....... 13 Va: So Ind G&E 4.8 pu 2 8tok Bros pr pie eee United Tel Co 5% .. Uni m
can Pe American Loan 5s Cent Newspaper 4 os Shot C of Com B Ke C & S
s i Bu of Ind 4s 69 . Bichmona Water Wis 8s B7.. - rp 58 § *Ex-dividend.
gen LIVESTOCK oy os
30; 250-300 1lbs., 10; 15 50-160 Je. 40; 1
14.25; stags, "$12. 50; male hogs, Jy : calves, $17; lambs, $15. 75; ewes,
2 . on | j= Property 1 single policy thot covers,
| ase house equipment—
Good +» | Common and choice
00-1500 POUNdS ccccvcssses Medium—
700-1100 poUNdS ceeesecccses 1100-1300 pounds ..
Common— 700-1100 pounds
[email protected] [email protected]
Choice— 600- 800 pounds 800-1000 pounds ..cescescscs Good— 600- 800 pounds ... 800-1100 pounds Medium— 1500- 900 poUNAdS eccscessene
14.75 [email protected] [email protected] [email protected]| L
[email protected] Common— 500- 90 pounds Cows (all weights) [email protected]{ 5
Medium Cutter & and Common ... anner
Bulls (all weights) (Yearlings Excluded) Beef GOR ssconssvonss dsseensase 3 Good a ¥ Soot {all weights) ecceesssee 18 [email protected] [email protected] Ey [email protected]
CALVES (450)
Vealers (all weights)
Good and choice ........ verse [email protected] Common and medium «....... [email protected] 4Cull (75 1bs. UP) ...conenns «eo [email protected]
Feeder & Stocker Cattle & Calves Steers | choice—
500- 800 pounds .. 800-1050 pounds .
sesessesses 12.50 esscsssscsss 12.26
13.75 13.50 o0od— -500- 800 pounds ....ess. 12.50 800-1050 pcunds .... Medium— : 500- 1000 pounds e.ecesccesss [email protected]
cesses 11.50 « 11.256
Com 500- 500 ) pounds Calves (steers)
4 Good and Choice
500 pounds dOWN .ceccsescass [email protected]
Medium— 500 pounds down ........ «eo. [email protected]
Calves (heifers)
Good and Choice— 500 pounds dOWR .cs.eseeese. [email protected]
Medium. 500 ads down .. «eee [email protected]
SHEEP AND LAMBS (2300)
Ewes (shorn) 0I08 .civveesress 150 cessssess 6.00 Lambs Good and choice reesss [email protected] Medium and good . seve Q@ Common . 12. 50@14. 35
9.00 1.50
and ch
Lambs (Shorn) 15.75
Good and Shoice AB um and good Nataeenevaene sesesas [email protected] Yearling Wethers
Saud She choice .. [email protected] Mediu; 10.50@13. 25
LOCAL PRODUCE
Heavy breed hens, 3% Ibs. and over, 36c; hens, Pe Ibs. and under, 23c; Leghorn hens, 2 Broilers, ath bs, and over, colored, gee white and barred rock, 27c; Leghorns, 2 Roasters, 4 lbs. and over, colored, 31%: white and barred roc : Leghorns 3 210; heavy breed, 22c. Cocks, 16c. Eggs—Current receipts, 54 lbs. and up
16, Graded FEggs—Grade A, large, 3 grade A, medium, 33c; grade A, small, 25¢
no grade, re Butter— 1 Sash N No a 46@ 46%c; as No. 43c. (Prices on produce ten at nia apolis quoted by Wadley Co.)
DR. BEELER TO SPEAK
Dr. A. D. Beeler, professor of European history at Butler university, will address the Indianapolis Manufacturers’ Representatives club at the monthly luncheon meeting Monday at the Warren hotel. Dr. Beeler will speak on “Prescription
% | for a Lasting Peace.”
15.50 |
15.50 :
N serseneee esse 10:[email protected] N
IP . [email protected]
1225({U
Fr To Keep Valuables: Safe
Rent a Safe Deposit Box at
* THE = Sc INDIANA NATIONAL BANK
IVI 38D
TUAL AGENCY, In
Only Production Line of Its Kind
This is a portion of the only production line of its kind in the world, the one at a Goodyear Aircraft Corp. plant in Akron, O., where streamlined control cars of U. S. navy blimps are made. Construction starts with cars in an inverted position. Halfway through the line the cars are turned up in their flying positions, as here, for attaching motors to the outriggers and for other final touches. Then the car’s exterior is sprayed battle gray and the car is taken for assembly to their big vigar-stiaped bags. The subhunting blimps, exclusive Goodyear product, paul U. S. coasts.
Committee for
Economic
Development Started Here
Plans are under way in Indiana for activities of the Committee for Economic Development, a national organization of business to lay the groundwork for post-war employment’ by private industry.
Louis Ruthenburg, president of Servel, Inc., of Evansville and presi-
N. Y. Stocks
Net, gn Low Last change Alleg Corp .... 1% 1% Ya Allied Chem ..153 152 31%
Allis-Chal s 8l% 175
Am Can Am Can pf .. Am Rad & S 8 7% Am Roll Mu . 2 Amn T&T 43% Am Tob B .. ease Am Water Ww. A
ok |: HEE LE A
B Chrysler Cons Edison :
Kennecott’ ... Kresge S S ... 21 Kroger G & B. L-O-F Glass ... Link Belt Nash-Kelv .... Nat Biscuit .... Re
fbb DH LHR Lb HE HE LEE
ackard Pan Am Airwys Penn R R ... 3 Phillips Pet ... Procter & G . 2
Republic Stl ... Rem Rand Sears Roebuck. . Servel Inc
Std Oil Ind .... 31% Std Ol N J ...e 51 Stew-War ..... 9% Stokely Br ..¢s 6% Studebaker .... 9 Swift & Co .... 24% Tenn Corp ..... 10% United Aircraft. 31% Un Gas Imp pf.106% U S Rub 1 pf...108% U S Steel pf...116 S Tob 26
ERFEEESR
.
Warner Bros ... West Union .... West Air Bke.. Westing El ... White Mot .... Woolworth «... Yellow Tr 1 Young Sheet .. Zenith Rad ....
323%, 19%
SEFFRFEEER
HH: [HEHE HE HEE
XT
Complete New York stock quotations are carried daily in the final edition of The Times.
U. S. STATEMENT
WASHINGTON, Feb. 25 (U. P.).—Covernment expenses and receipts for the current fiscal year through Feb. 23, compared with a For neo
Expenses 513 085, as 16 oon, 549 yar ending wiser : 433 39,383,396
ip 5, 386, 021, 1992 Net deficit .. 850,
+10, 140.4 Cash balance. §, 04 2,375,461,368 Working bal.. 4,863,652,27% ,815,526,838 Prblic d debt ..117,614,255,943 Guld reserve . 22,642,636,704
INDIANAPOLIS CLEARING HOUSE
%|the committee.
,449,107,195 22,713,31%7,429
2 dent of the state chamber of commerce, was named chairman yesterday 15.60 | and Clarence A. Jackson, executive vice president of the state chamber of 5 | commerce, was named assistant chairman.
The appointments were made by Paul G. Hoffman, president of Studebaker Corp. of South Bend and natignal chairman of the committee, and Ralph Budd of Chicago, president of the Burlington railroad and seventh district chairman for Mr. Hoffman and Mr. Budd met with the board of di-
3, |Tectors of the state chamber at the
Indianapolis Athletic club to outline plans.
Although Mr. Ruthenburg and
1 | Mr. Jackson are officials of the 3 state chamber of commerce, the
committee . for economic development in Indiana will operate as a separate organization, using such facilities of the state chamber and other groups as it finds desirable, it was explained. The committee will operate in Indiana through a statewide unit although part of the state is in the seventh federal reserve district and part in the eighth. Objectives of the committee, Mr.
%| Hoffman said, are for commerce and
industry to: : 1. Start now to consider post-war
4 | programs of production and mar-
keting in order to assure the minimum loss of time in transition from
s | war to peacetime activity.
2. Take steps to provide informa-
A tion on which can be based con--16|structive suggestions as to govern:|ment and business policies which
will provide a “climate” in: which
a |free enterprise will be encouraged
to thrive and provide jobs. Cites Role of Business
Mr. Hoffman declared that “business must plan boldly” for the post-
‘| war period. -If business grows timid,
he said, the consequences to private enterprise may be disastrous. Outlining the magnitude of the task of providing full employment for Americans following the war, Mr. Hoffman asserted - the prospects “are full of difficulties but they are also inspiring. Business has done an outstanding war job. It now has the opportunity to protect the postwar world.” For the preservation of a free society, he continued, free enterprise must save itself by providing employment at satisfactory real wages: Citing figures to show that civilian employment in the nation in 1940 was provided for 46 million persons’ with some 9% million unemployed, he declared the goal of industry should be to create 10 million new jobs as soon as possible after the war’s end.
[ Plan Now, Budd Says
Mr. Budd declared that the ergument that “post-war planning can wait until the war is won” is fallacious and that planning not only does not interfere with prosecution of the war but assists it. Americans in the service are thinking about what kind of a country they will return to after the war and it will boost morale if they know plans are being made for their benefit, he
ovo | said.
ene. : - so D WE
MOORE PROMOTED BY FLETCHER TRUST
Roy H. Moore today was named manager of the savings department of Flecther Trust Co. succeeding the late Albert S. Johnson. Mr. Moore joined the trust com-
savings department. Except for 17 months service in the navy, Mr.
Moore has served in the savings department ever since, having been assistant manager for a number of years. Mr. Moore is a member of the Fletcher Trust 20-year club and has served in many positions: in the Fletcher Trust Men's club. He is past commander of the Hayward Barcus American Legion post 55.
PRESENT ‘E’ WEDNESDAY
The Indianapolis plant of Stew-art-Warner Corp. will receive the army-navy %“E” next Wednesday from Rear Admiral W. C. Watts, retired. Col. Walter S. Drysdale, commanding officer of Ft. Harrison,
pany in 1914 as a bookkeeper in the|
[BENDIX PLANS
FLIER PLANE
Engineers Now Working on Automatic Flying
Development.
' SOUTH BEND, Ind, Feb. 25 (U. P.).—A completely automatic airplane that will make flying safe for the general public will be marketed within the next few years, according to E.R. Breech, president of Bendix Aviation Corp.
of the corporation's stockholders here yesterday, Breech said he based his forecast on technical developments perfected by the 2500 engineers now working for Bendix. “It is our. conviction,” he added, “that the average person wants to fly his own small plane if he can fly safely and automatically.” He indicated that the automatic flying development was part of the corporation’s wartime military engineering research, and pointed out that over 30 per cent of the $60,000,000 worth of war equipment produced in Bendix plants each month represents new products which were not on the market before the war. Stockholders re-elected all directors of the corporation at their meeting, and all officers also were re-elected at the board meeting which followed. Directors declared a dividend of 75 cents a share on the common stock, payable March 31 to holders of record March 10. Bendix paid the same amount in the final quarter of 1942 and $1 a share in each of the three preceding quarters.
FOOD MAY BE SOLD TO ORGANIZATIONS
Wholesalers and retailers can sell to restaurants and other institutional users including industrial users during the freeze period this week, Kenneth Kunkel, state OPA rationing officer, said today. - His announcement followed many inquiries received by the state OPA
and industrial users that they had been experiencing difficulty in obtaining supplies. Registration of institutional users is scheduled for the period March 1 to 10 at their local war price and rationing boards.
WAGON WHEAT p to the close of the Chicago market tod, Indianapolis flour mills and grain elevators paid $1.50 per bushel for No. 2 red wheat (other grades on Yael merits).
will present the “E” pins to employees.
duration. Don last minute to inspected.
|
No. 2 white oats, 56c, and No. 2 red oats, 56c; No. 3 yellow corn, oe La. bushel, and No. 8 white corn, $1.0
Keep your car in service for the
’t wait until the have your tires
DOWNTOWN
Speaking at the annual meeting]
office from restaurants, institutions:
No .double dips in ’43. Cut in U. S. ice cream manufacture to 65 per cent of last year’s production to provide butterfat for warfront use will result in 4%-quart decrease in: amount eaten by average person.
U. S. RUBBER GO. NET LOWEST IN 4 YEARS
NEW YORK, Feb. 25 (U. P.).— Net earnings of the United States Rubber Co. for 1942 were the smallest in four years, amounting to $8,381,011, equal after preferred dividents to $1.82 a common share, compared with $13,662,658, or $4.86 a common share in 1941, Chairman F. B. Davis said today in the company’s 51st annual report. e drop in net income reflected the” loss of almost $15,500,000 last year through Japanese seizure of company property in the Far East and other war damage and an 8 per cent decline in sales below the all-time high of 1941. Sales in 1942 amounted to $290,992,037, compared . with $315,345,328 in the previous year. Davis pointed out that sales revenue in 1942 did not include compensation for operation of government-owned munitions plants on a cost-plus-fixed-fee basis, this amount being included in other operating revenue.
NO F CAMELBACK FOR !4-TON TRUCKS
Owners and operators of one-half ton trucks are not affected by the rationing of grade F camelback for recapping, Kenneth M. Kunkel, state OPA rationing officer, said today. “Grade F camelback is used only for recapping of passenger car and light truck tires,” Kunkel said. “All other grades of camelback are ra-
L.tioned and applications for recap-
ping services where this type of camelback is used must follow exactly the same procedure as has
Col. Horner Warns More
Efficient Use Needed to
Meet Crisis.
NEW YORK, Feb. 25. (U. P.), — The army supply services:are urge ing manufacturers to set up transportation. departments to: help solve
transportation problems, Col. Fred-.
erick C. Horner, chief of the highe way division, transportation corps, said today.
employee transportation of the Na-
tional Association of Manufacturers that the country has consumed a considerable portion of its “bank” in transportation during the past year, and that the most provident use of ‘every facility is imperative now to aw void a serious. transporta-. tion situation. : : Economies exercised thus far probably prevented disaster overtaking the country in transportation months ago, he said. Citing the public roads administration’s recently published summary of war plant transportation, Col. Horner said: “Eighty-six per cent of all war workers arrive at their jobs by private automobile and motor bus. The remainder depend on walking, streetcar, train or other means. The investigation showed those dependent on motor vehicles were 73 per cent dependent on private . motor
arsenals ‘and ammunition depots, which by their nature must be: Joe cated some distance from the labor source, dependence on motor ves hicles approach 100 per cent in many cases.” Col Horner said much of the trouble with turnover of labor was traced to transportation problems, As cars and tires wear out workers seek ' employment nearer home, Transportation difficulties; he said, are‘in no small measure responsible
Willow Run bomber plant,
DAILY PRICE INDEX
NEW YORK, Feb. 25 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): WeSterday ..covarecevronvesee 170.20 Week 880 ....ceceeesecsnacs 169.96 Month ago (EERE RRNA RY NE ERE N 169.05
1943 High (Feb. 24) ....c0se0. 170.20
been followed in the past.”
11943 Low (Jan. 2) .......... 166.61
Have Your Tires Inspected Now! |
“DEADLINE MARCH 31 |
For “A” Book Holders (Feb, 28 for “B,” “C,” “T” Holders)
wm NOW!
COMPLY WITH THE
IIA TTT
The government set car if tires do not
price is 25¢ per have to be re-
moved; 50c per tire if removal is
necessary.
VISIT ONE OF THE OFFICIAL TIRE INSPECTION STATIONS BELOW
NORTH |
EAST | |
“We Recap
639 S. East St.
Ben J. De Luca, Marvin Stinson Leonard Frickle,
801 Virginia Ave. Inspector: Clyde Terry
Cor. iinois and Walnut Sts.
873 Mass. Ave. Edward F. Erler, I
TRIMBLE CORNERS
Oren M. Van Buren and Frank C. 3 Inspectors
442 N. West St.
MURAT SERVICE STATION
459 Mass. Ave. at New Jersey Official Inspector: John M. Schooler Tires”
COMMUNITY SERVICE STATION FR-4241
NEAL'S SERVICE STATION RI-0963
New York and Meridian Sts. RI-1594
550 S. Meridian S Charles E. Hurst re
2421 N. Meridian
and Charles
930 N. Meridian
Robert Peterson, Ed Rose and Frank Schwab,
INDIANA TIRE & RUBBER CO. ° 3 'LI-3496
AVENUE TIRE & SUPPLY CORP, :
812 N. Illinois St.
Branch—211 8 Hudson, ane
TRIMBLE CORNER - ° - RI-1594 s Ww. and Did re. Yea SRE
COBURN MOTOR co.’
Inspectors
KNOERLE TIRE CO, Inc.
L. Knoetle, Inspectors
ROSE TIRE CO.
Wholesale Tire & Rubber Co.
Official Inspectors: Joseph Omar D. Bullerdick and Harley Fb ‘Phebus
Guarantee Tire & Rubber Co. Main Store—302 N. Capital Ave... ... Branch—4147 Lolicke Ave. . .. 0is
Branch—1550 Main (Speedway) . Branch—3012 Northwestern Ave.
Bran Branch—116 EB 63d he
LI-6388 Bs H. Thompson, ; 3 Charles
TA-3371
Charles E. Sells, Clarence ‘E. Patfon, Evereté C. Stephenson, Robgrt
L. Davis and
CHASTEEN OIL SUPPLY © eo.
New Bethel, Ind. We Vulcanize and Recap
Chasteen and Jack Sap a Inspectors
SPRADLING AUTO SERVICE | 5498 Brookville Rd.
George C. Spradling
RI-8355
SOUTH
EPLER'S SERVICE STATION
RI-5o3 Brewe
CH. A .RI-7891 WA-0483
gaa
NORTH
EAST
738 N.. Illinois St.
BUTT STANDARD SERVICE 1567 §
D. W. Spaulding, Inspector
5401 College Ave.
BUD’S GULF STATION < William A. Kikendall, op
‘College : Paul M. Butt and Russell Roach, Inspectors
Spang Pur 0 Snes
Bartlett White Rose Service Denson M. Bartlett, ie
MEYERS STANDARD SERVICE : 2503 Martindale
-0433
STA. -0262
1004 Mass Ave.
: Oficial Tnspestar, Emon N. a3
Official Inspector: S. A. Deming
DAVE HOCKETT SERVICE : No. 1 10th and Ar 0078 ‘No. 21000 Pasidleton Pike—CH- 1180
No, 3 3802 “Kenweod—wa-0352
W. C. SMITH & SON 2301 E. 10th St. Inspector: John Flynn
JONES & MALEY, Inc. H-0490
CH-7431
5550 S. Meridian St. Allan Epler and William Hamilton, Inspectors
HEALD'S SERVICE STATION
402: Main St., Beech Grove
GA-0967
GA-0813 Terrell and Jack Heald, Inspectors
HUNTSMAN SHELL SERVICE
1210 S. Meridian St. James E. Huntsman and M. M. rege Inspectors
Kertpeter Sta Standard Service pe Ee retvoin, Ha ge:
GUARANTEE OIL COMPARY > Southepsieris A
Ace en, 13epee 115 N. New ed Kenneth 8. Wold, Inspector
5
o
WEST
Fred Baker, L Eawara Whetsell
PRODUCERS OIL, Inc.
801 E. Wash.
STANDARD, SERVICE STATION
Ravin 1. Govn sad Wien Cie, Tver
ROGERS TIRE Hop ashington
He told a wartime conferees on
cars and‘13 per cent.on bus. These are average figures. In the newer war plants such as aircraft plants,
for labor turnover at the giant
Year ago ....... civasessceses 15498
eC C3, TRAE rs
Se