Indianapolis Times, Indianapolis, Marion County, 9 March 1943 — Page 17

=

Moreover, ‘hemp is something new HE who plefer to make : growing érops that are mote familiar. Mr. Vogler sid that net’ profit from growing an aéfe of hémp beats that from an acre ~of eorn yielding 80 bushels - and that the appeal to farmérs was made mostly on patriotia grounds;

me nt needed _—_—_rl ™ cordage and rope R05 an because imports © Mz, Budrow gio the Philips és and the Dutch. East Indies béen cut oft. - have be werd some éomiplaints from pirodnd Néppaneé abot hemp bes) ‘hothing but marthuana but “than the objections from res “MBlous séots in: that locality not . many farifers bothered with the drug angle,” The two plants which will be ““puilt in this state will be at Rem= ington and Warren, costing ‘about $335,000 each. They will be built #.by the government which will also "Turns harvesting machinery. : # 8 = A $SILVER LINING ¢an be found ‘by stockholders of Public Service !Co. of Indiana if they will 106k at ‘the fine type at the bottom of page 17 in the annual report. 3 The report shows the utility’s net * income fell $456,000 last year, Bub ‘that takes into account $2,331,000 _which it would have had to pay .in ‘excess: profits taxes. It did not have ‘to pay that huge tax sum beycause of goverfimeént credit given in return for buying up from Will Jrwin the long-term leasé on the Indianapolis-Columbius traction line and for refinancing some of its securities at lower interest rates, Public Service deducted that $2,321,000 in taxes it didn’t pay anyway and applied it to the cost of that traction settlement and te “unamortized debt Hiscount and ‘expense.

i. 3

:

» o 2 » | STUDEBAKER also" did better an 4 quick glance at its report dd ht indieafe. Net profit went ' down. about $400,000 but thé com- ; pany put $500,000 Aside for con-,

tingencie sbott #000000; and paid off Isso a do bts. § tudebaker is stil paying of

$458,000 ‘was: paid off and another 51,000, 000 will be paid in April. 4 8&8 = . ODDS AND ENDS: Whitley Products at Columbia City, Ind, has been given Defense Plant Corp. approval for & $215,000 expansion. « . » Milk prices in Lake county, Ind. can go up half a cent & quart, OPA has decided. ... . Stocks oi baking companies are going up as gome investors expect bread, biscuits and cereals to substitute for _ratifhed foods. . . . Union Tank. Car Co’s gross income more than doubled last year from the big shipment _of oil to the east in tank cars. . .. WPB wants 95 million tons of iron ore moved on the. Great Lakes this season. .

DAILY PRICE INDEX|* NEW YORK, March 9 (U, P)— Dun & Bradstreet’s daily weighted index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday ..ic..onnreccarsns 172.05 eek ago s6e8asb0ssecsbrciis 171.83 nth ago: Sehcbednsibieavini 168.73 ea B80 so iiiiviiinibied 156.31 high (March 8) ceicraes 472.05 19 low (Jan. 2) taivecaaess 186.61

us DE

ra

; A

pres

: ap Be hed abe balance.

al. - debt: mo; SE aa Id reserve . 22, 643, wd erie

cioINDianaroLIs LEAR |

Slearings Pe rr

; WAGON WBEAT “ana

s four 23 he Sad q grat

8, | A

ode, 3

Bes No.

fand_ No. 3 te corn, $1.04.

“here ate several feasons. for this fizzle, according to L. Mi Vogler, chairman of the Indians AAA, Oné is that there Han’t as much seed as was expected to be saved. ; :

that the govern-|

.|dividends in Maréh;

J Indiana Nom 1 rbiram Fires ; o To 8255 Acres and Two Mills a

Lo ROGER BUDR OW 4

INDIANA S HEMP-GROWING: PROJECT has dwindled | an original 82,000 acres and eight mills to only 8255 acres and two mills. At first Indiana, Kentucky, Wisconsin; ‘Tlinois, Iowa and Minnesota were to plant more than 800,000 acres in hemp. but farmers have signéd up for only 185,000

REAL SILK LosT

Is Expected in 43, Efroymson Says.

‘Real Silk Hosiery Mills of Ihdianpolis reported to stocknoidens today that the company lost money on its government war contracts last yeéar. “ Bit President G. A. Efroymson sald that with initial éxpenses out ilat the way, he expected “an improvement” this year. The Gompany Spent “a cofisider= gble sum of mohey” for new machinery to manufacture war ‘goods and on training employees in the new type of work, he said. He added that conversion costs will bé materially reduced this year and with increased production, an improvement should follow, AS previously reported, Real Silk had a consolidated profit of $76,208 last year after deducting all charges, including depreciation. From that amount $50,000 was set aside as/a reserve for possible future losses and contingencies. = Consolidated profit .in .1941 . was $501,438 from which $150,000 was apptopriated as & reserve, Buys Own Stock Mr. Efroymson told stockholders that manufadturing operations on hosiery had: been “greatly curtailed” because of restricted yarn allotmefits but the company has con tinded to manufacture hosiery for mén and ‘women of rayon, cotton and wool and iu addition is manufacturing women’s lingerie, men’s underwear; women’s dresses and sportswear for civilian use. Mr. Effoymson also reported that the coinpany bought 1276 shares cf its own preferred stock last year at an average price of $52.85 a share. The company, as of Dec. 31, 1942, had 5634 -shates of its preferred stock in its treasuty, leaving 10,866 shares issued and otitstanding. On Dec. 31, 1942 there were aclated back -dtvitends on -this Sar stock amounting to $63.75

Ia share, although the compahy, paid

d $¢ Hividénd on accumulated “back Mr, Efroyms-|. son said no dividends had been paid

. |since then: because of the “large

amount of money required to finance the business, particularly en the war contracts” He added the company intends to continue buying in its preferred stock “if the affairs of the company warrant such purchases.” . 85

GRADE. THREE TIRES AVAILABLE SOON

Office of price administration officials today asked Hoosier motorists to be patient if they have been tryirrg unsuccessfully to purchase grade IIT tires with rationing ofrtificates. * The OPA said the tires would be released from warehouses by the end of the month and then placed in the hands of tire dealers. / OPA also reminded typewriter dealers that tomorrow is the last day for filing inventory réports showing existing stocks as of Feb. 28. Subsequent inventory reports aré scheduled to be filed May 10 and Aug. 10. 8hoe ration bank accounts for shoe

{retallers, wholesalers and manufac.

|burers will be opened after April13, officials said, buf they also resiminded that s separate account must be opened for each store in nl’ chain, .- The war production board sald lo me decentralization of WPB machinery occurred yesterday when Indiana’s four. district offices bes gan“ handling PD-200 applications {lor priorities assistance on .con= 30,000) stfuiction projects.

LOCAL ISSUES :

gine Juss 2 ation, ocia ‘Dealers.

ised by Jou Securities Bid Asked

EI as pd LIA alg , 18 1

sees

ON WAR WORK]

But Some “Improvement’|

DETROIT, March 9 (U P)—~ The jeép, trademark of Amarican troops on every fighting front, has taken to the water to carry. amphibious warfare to énemy=occu= pied shores and beaches. The Ford Motor Co. annouficed

Wiis sedioty’ . takes 16 ‘whler’ Sst Hike & duck.

today with permission 6f the war department that it has started volume production of a quarter. ton four wheel drive truck with a boat body—a seasgoing jeep. ‘The sea-jeep, already in use “in the war zones) carries five mén

SCHRICKER GETS | ECONOMIC BILL,

Provides. Council to Study Post-War Needs of The State.

By DAN GORDON An economic council to prepare Indiana for the post-war shock today headed the list of new boards and éouneils set up by the legislature. The bill, passed by the senate during yesterday’s hectic drive for final adjolirnment, sets up a 32-member commission to study the state’s natural and economic resources during the next two years preparatory to setting up -legislation for the 1945 general assembly; It went to Goverflor Schricker’s desk just a few hours before the session’s constitutional deadline, Establishment of the economic council was one of ten proposals for fiew boards and commissions to survive the legislative grind. Al told, thé general assembly either ighored or summarily Killed a Score of other similar measures, :

$50,000 Authorized

The economic bill also was the most expensive board set up since it will conduet its research, subject to -thé governor's approval of the bill, to the tune of $50,000 for the two-year period. Other study com: missions and boards réceived apipros priations ranging from nothing but the moral support of the legislature 40 several thousand dollars. Heading the list of proposed investigations was a resolution setting up a commission to delve into the workings of the state welfare *department for two years. The resolution was the outgrowth of a shortterm investigation made by legislators during the session.

New Pollution Board

Also gmong the néw boards approved by the Republican controlled assembly wis the stream pollution control board which will have the authority to supervise the dumping of waste materials into Hdosier streams and to take steps to prevent}. pollution. Election laws and transportation | laws of the state were schéduled for

-

scrutiny by study committees which [4

are scheduled to report back in 1945 with codification proposals. THe townships likewise are in for some

checking by a legislative study com- Anscond mittee.

Two other commissions will comb

the brush for possible improvements Beth

m the state intangibles tax laws and for information pertinent to a vague plan for revamping the syss tem of paying out fees and salaries.

Plan: Hospital Study A sort of compromise. commission

Was set up to study the feasibility of establishing a hospital for erip-|: pled children, particularly fof chil-| Bes

dren suffering from infantile paralySis. The ‘legislature turned the study comthittée loose to hunt up & site for the proposed northern Ins

t diana hospital after refusing to ap< jo

propriate $250,000 for the immedis

ate construction of stich an institus I

tion.

“Indianapolis got a new board of |R&

its own, a separate setup of five directors to run City hospital. The boards and commissions pro-

posals which fell by ‘the .wayside| : included practically everything from | EXCH

a study of pensions for school janitors to investigation of Justices of

N PRICES TUN

Grain Board

pending, legislation caused the re-|

LOWER AT CHICAGO tei a: . CHICAGO, March 9 Ww. P)— Xe utures weakened on the | Wt Toate today afte: a stacy | Iu _|to firm opening, Uncertainties over

x

and can ford a river, mavigats a lake or apérate in suff that a boat of comparable ‘sige can hegotiate: * There's ho delay when the seajeep takes to the ‘water. The same. steering controls and the same propulsion carry it from land . water snd back again.

U. S. to Lease Out More State Land|’ LOUISVILLE, Ky. March 8 (U. P.).—Federal attorfidys said today that goverrihent-6wned land at Charlestown, Ind., ordnance plant and Madison, Ind. proving ground, now is being offered for lease for farm productich. J. M. Walker, a government attorney, said that land would be leased through the United States army engineers’ €orps at Jeffersonville and that preference

would be given foriner owners of . the land.

APPLY FOR PRIORITY HERE, WPB URGES

Managers of Indiana war pro= duction board: district offices today advised Hoosier industrialists and others requiring priority assistance ‘to file form PD-1A with

| the local offices of WPB instead of

sending them to Washington. While many of the application forms aré being received by the district offices—located in Indianapolis, Ft. Wayhe, Evansville and South Bend = the indications are that a large number of applications are still being sent to Washington, WPB officials said. J. H. Frohlich, manager of the Indianapolis wPB office, said that

the filing of PD-1A forms locally, |

HOG PRICES. OFF 25 CENTS HERE

Top Recedes to des 10 $1. 75 as 7126 Porkers Arrive

At Stockyards. Hog prices turned 26 cents lower

|than yesterday, thé food distribu|tion administration reported. ‘The top was $15.15 for good to choice 300 io 325-poundérs. Receipts included 2125 cattle, 500 calves, 7135 Ross and 525 sheep.

HOGS (7125)

Goed to choice— 120- 140 pounds

hehe wldadne [email protected]

140- 160 pounds leeiiiieiiies [email protected] 160- in PoOUNdS ccseees sese. [email protected] 180- 200 pounds ..isiieiie.. 15:[email protected] 200- 220 poufids ..i.isssies: [email protected] 220- 240 pounds ....... essses 15 Jo@is. 80 2440- 270 pounds ...... ssiess 15:[email protected] 470= 300 poURdE i.ii. ise. [email protected] 300-330 pound$ .i.iscess..s [email protected] 330- 360 POUNAS ....evsccncs [email protected] Medium— | 160- 220 pouné@s .i. crefisens \[email protected] Packing Sows ay ae oe 30 Sounds. 1 300- 330 gov gesrenssenas 18 ai 360- 400 pounds ..ii.idieies 4 Maus 400- 450 pounds eeedossesane 18. [email protected] 400- 430 pound - 450 pounds ...ciieseve. [email protected] 450- 550 pounds ceesdiiieses [email protected]

at the Indianapolis stockyards to-|: day and sows sold 15 cents lower |S

| 1942 were’ after reduction of the con-

igrath, will a, lam, with “the explanatory title, ha *# 2 » . FIBBER auspices of the office of war information, “Fibbet” and “Molly” have 4 new radio program. It

TELL "EM. Under|=—eu=

-| Southland Bud Waples Far Crédis Stir PaAfadé

JE :

TRTR

Roy Shield

| Ozzie’ Nelson #nd his orchestra will

riet and Ozzi¢ Chum, pa Nelo #8 = gh i ‘onoLe SAMs. OWN SHO “This Is Our Enemy," whieh A —

LE 0. REFUNDS 53 MILLION

PITTSBURGH, March. 9 (uv. P). —A refund of nore than $50,000,000 will be made fo the U. 8. government by West inghouse Electric & Mantifacturing Co. as a result’ of retiegotiation oft the company’s 1942 federal. contracts; the: company's §7th annual repoft revealed: today. " Signed by Ohiirnian A. W. Robettson and’ Présidunt ©. H. Bucher, the report said that ‘Westinghouse ‘had agreed to accept a finding by the navy price adjustment board to make the $53,000,000 refund to the government in juarterly instalments: during 1943. This amount was in addition to the “several” millions of dollars of volutitary réductions preto dollars made. As pre for Agi rye to $17,366,841 or $5.41 a sHate on the combined 7 per

|cent participating referred and 50|common stocks, the smallest since

1939, whe nel was $13,854,364 or

$5.18 & share, and compared with

Income and surplus figures for

s0| be. the supporting Deormers, Har-|

i

#11 Be nies mew amderegular 4pot ol it goés on WIBC af 8:30.

reported, net: income|

$33,117,510 or $1.21 a share in 1941)

* Its broadcast will be a radio adaptation of the currént Broadway hit, “Counter Attack,” which was written originally in Russian and gives an authentic account of Soviet résisténce to German aggression, Walter Graebner, a correspondent recently returned from covering the 000 | Russian winter campaign, will appear as guest speaker. ; 2 #0» THE CONTROVERSIAL qués-

be will be discussed by War Sec= fétary Henry.IL. Stimson on WIRE at § p. m. tonight. : . # # style will be heard on the Al. son-Monty Woolley show on WFBM at 7:30 o'clock. Judy, who also can

standing pictures, including Hopkins,” “Sleepytime’ Gal” and “Joan of Ozark.”

tion of how big our army should

‘ MOUNTAIN music in Judy Canova |

yodel, hag appeared in many out-]t “Sis |.

Incorporations Tn

eae ho busig omas

0 distolution.

consists of a series of reco Bhs gs titled “Headlires from Home” in B 5 Tian rerkine Musical Glock ° which Marian and Jim Jordan (F. News Gn a veh Trailers | Musical Clock and Mm Je ound reading items 12 ¥s Roun Jiusteal acee. | TOM in newspapers. ‘The recordings will be sent to U. 8. Aght-| 5: EH Movieland Binawase Go Shoes School ing § men the Worlds over, i? 09 Vallant Lady el Steele Metry Melodies ¢ on WIRE at 8:30 o'clock |i ! | tonight, “Fibber” will attempt to 8 Ere dh, iendly House thes Er gase the Easoline SHorag e by jelling 10:00 N Jone Musteal Interlude Road dof Lite ow. lo_stret8h ene “A”. cotipon faons | Charlie qeok liage a al A van — . . 111s Biante an i Blane T 8 “SPARE AT PIANO” will be im ne thought yapermest 3 Beotee 114s Belen, Ti Bday fi a fort Etat, urtis’ mind t ilbert Forbes = Gracie Allen WrBM ali if ik EE gd Fertas : BR Th 49d, Home S 8 o'clock. ik riér's Di John Morrow : Gracie has threatened to assault | Birds ; the Keyboard [BE Soh ha. Bi ir pu y 8 wee ’ : oneer Sons : Benes. and| TH Duk Sindee Sec | am arn : George ha 3 : been able’ hs Jia Tratlers Right to He Happiness dissuade her. To- 41p0 -& Tiny age Wife night he has in- y e Jaime & Tiny Bio vited Deems Tay-| 3:4 HK ,|dilmy Dickens '| Widder Brows I lof, Who undef-| 4:00 Madeleing Carrell | Music Interlude Married stands’ musie i . § nshine Si Bs ‘bebter. than : & d | Tur? Bar : Ch Gracie and can, TRELe Rm. even talk better, : Déems Taylor 40 'lefid a. hand. ; H Also, Jose Ttuibl, who" understands } E 8 piano ss well ‘as Doems and. is 43=-Fh : ! a fairly effective persuader also. / | 8:18-vie 10 : “State Executioner” latdst in the} §i fii=Battie HEN Archi Oboler Series of ‘eetie ‘dramas, | 6: i Fibber 13 a) mE . Erav a e, his lonor and évehtua A ; AE his niind.- The Thea detadls will] cs a WED DAY. PRO S. be nartated on WIFBM at 7 o'clock. | & MN. 19, Ruy aa [1 ad of te After “vacationing”. in Arizona,| 8:48 ; 3 afte whete he gavi his 500th perform- 1 my Brirer Jin ers . Daughter | Lo ance for ‘men. in uniform .since| I: it ee i Garmony | 3 Eo Pedr] Hat! Red: Skeltori Will re-| ig i Sister ; ve turn to Hollywood. for tonight's } ‘ § tot's Npmat 13 b broadcast. It will be on WIRE at 1 bg: une 3 2 9:30 o'clock. Eiarriet Hilliard, Tru-| § [ak i rm. ok man Bradley, Shirley Mitchell and 8 TL Sh as :

Food Service; Or ea, withdrawal, Superior Saw Co., Inc. i. cam 8k Sogn withdrawal,

Unies) ca at Xe nd in ns value.

PRONE FOR x N—ANYTIME 4 Day. Right or an y—MA He | ; » Borréw on Character, Ave of | Sorin Sharks Kole gr fora Take 8 witha whe Thain 4 ny lodns completed while yi : n ting Aviator indi rd hive po PARKING across the otf “Arde Sarge: wo aude

“

tract refunds; he report . said,

No Soybeans,’ So

gDaEWATIR, N. Ja Match 9

edit which started March 1, was thé] 1s0- ‘350 POUNAS i.i.iiiienis [email protected] first and one Of the most important C ATTLE 2128) steps in the WPB decentralization | choles ; programs. PD-1A is the most fre:| 0 "a5 Rhian sid used instrumentality in the 300-1100 tis eter } i391c5 16.15 priorities system - 1300-1500 _ pounds Cekaasssans 16.235817.00 Under thé new ‘arfangement it i is the assignment of the district! 100 900 pounds iivieiieins fi WPB offices to serve the publié|, ifoe- 1300 Bounds 2... sedies 3 quickly and Roly ‘he said: | 13001 Bundi i The public should take agvaniags Medium of this service.” 700-1100 POUNAS ..iissiiivis 33 15.00 1100-1300 pounds, vsssssnesess [email protected] ‘N. Y. 700-1100 pounds dishes as ess BHSNTS Stocks Choice Heiters : 600- 800 unds sddidoncis 800-1000 De secs sheen : RESHR n Complete New York 000- $00 ‘pounds web sbbsinnsi 1is0gs 3.2 stock quotations are car- Sun pounds .ieisiinedss [email protected] ried daily in the final edi- | | 400-900 pousids .iviiieii. i 15.00014.50 . . le ry : tion of The Times. | amo POURUS. js s ase sss ate 10.500913.00 iy . -Qows. (all welghis) : Good tb edocscdbdncinidain 11.5 @ Net ‘IMediulh = .......cccivivivies Ia Change Quiter and COMMON. , ive ieie® os k “fod whee . | Carne ails in eanusien i . 7.75@ 9.25 EEA 30% 7 30% — weigh ans WT mgt Bast (Yearlings Bxeluded) np x a = —-'% Mooi i, Cebriasiennges [email protected] s, ~'i% Qood (an weights) iaieiiis 1 14.00 We 2 3, Z| cutter and common LI! ad 1% Alshibon 1001 a8 ai — 4 CALVES (500) Bai & Ohio ¢ i = Vealors (all weights) Ben Ind Loan pi 14% — Good to chojcé ......... aves “i a 63% 62% 63% — 1. |comnon and i edium i... Lgl Be ies 2h 244% 204 + 3 (15 Ibs. Fo tase sonsiaels img 1 oh 10% = | Feeder & Sea Sui 4 ne g ob fo" ; 1.48 ." =e Choloes ons son ... L : a dssblanite. if. Cons an. Sh 8 oy a Soh ponds salto sagt 23%; BW + Ya i x —— % . oes i . 4, 4 om 088 Pounds ii eens ies ¢ a : i =a “oniteo POURdS Suusitsiianes seins 5 SiwAe ommont— 1 f ti Yi 800+ 900 pounds . Yoh 16.0001: 50 “*< ¥ 80% a . =a abe ae Sade del eR an i HER TR n RAR oR “3 3% =a 500 pounds down sesisessas va 1. $0015.00 TEAM Ns rd 3 fedum= pounds down ....ee.... + 1, 00 @14.50 HH ps i ih =n by RY deos00 acess [email protected] = Mediu 3 = fa S00 pounds down ci. .-11.80012.00 ih - 4 SHEEP AND LAMBS (525) smbeese i — 4 Rwes shor Ar — at Good 44 and holed ..i.viiivice 1.80 3: 58% — 115, | Comnion and choles. pedbevrens 6.50 Bi , : ice ed) ’ 31% — = ll fa gat 2 Bevps gt Bs b 2B eval y 8 ih Ta SER 12% — ¥% Se sz 80 : ase ! 534 a i a =

Two Mills Close:

Solent soybeans ‘despite 4 naffonal |; ‘surplus was Blane today. for {he | closing of

“CRossWORD PUZZLE HORIZONTAL Answer to Previous Pande

1 Pictured early | American ol patriot, Bes» ander ww, Cr SE Na 14 Us. 11S oA 15 Constellation. i 16 The . (Frt.). : ~ 17 Spain (abbr.). Ol. 18 Facility. THIGIL |A[C 20 Clear. 1 Within, N 22 Symbol for Rhode Island 37 Bronze, 66 Yes Sp). . 3 abbr), 1 38 Therefore, $7 Gratuity. #4 Giant king 94 Augments. 40 Volume. 58 Slertder bristle of Ba 26 Yo 37 Young girl oe ein (boty 3 Mion. « } | 27 Diligent. 44 Sicilian a : volcano. 60 Not as much, 45 ong = Npnout hee. 45 Odorous. VERTICAL 46 Networks -- element. . 46 Exclamation, 1 Hurry. nat.). . Li |33Car und 50 Eyes (Scot), 2Puts touse. 47 Hindu en nil se . 51 Emmets. 3 Parent. 1 Bead No 3 Symbol for 32 Rough lava, 4 Fron Frozen dessert 54 Astern, - talum. aii $ Study. ~ b5 Reverential {38 Surgeon Gon Hel 's name SBe indebted, rn nts}