Indianapolis Times, Indianapolis, Marion County, 3 May 1943 — Page 12

BUSINE

————Ry ROGER BUDROW

“PEP RALLIES” TO GET FARMERS TO PLANT tomatoes are being staged by Indiana farm officials. One was held last week at New Castle and another will be held tonight

in Clinton county. They are in areas that are lagging.

Farmers want assurance that there will be no repetition of last year's fiasco when go many tomatoes rotted in the field because they ripened practically at once and because there

weren't enough pickers obtainable right then. In addition to the school children]

and other inexperienced help, farmers will get Mexicans and Kentuckians to help them. The Indiana sugar beet industry is expecting 900 Mexicans to be imported this year to help with thirning, weeding, ete.| But there won't be much work for them after the middle of July] until along in September. Therefors, plan Mr. Budrew are being to shift the Mexicans from sugar

beet work to harvesting of tomatoes ...... the country with Undersec-| these deviations were “of too minor

during that slow part of the sugar beet season. The canning factories say manpower problems may be wor than the farmers. They point out that wage ceilings handicap them] fn attracting more workers, One official says the farm labor problen has been getting better for the past two months. The situation in canning peas has turned out better than was expected. In a last-minute drive, the! eanners went out and convinced | farmers to grow more peas. But the weather may prove another obgtacle late this month. ft was so cold in Maich that peas] which should have been planted then weren't put in until April Canners didn't get a chance to gtagger the planting season among their growers and so they expect the crop to mature within a twoweek period instead of being spread out over a four-week period as it usually is. That may mean the canning factories will have to double up on their canning of this erop when it is ready late this month. One official says he can’t undergtand the farmers’ reluctance to; plant tomatoes again this year, even though some took a beating on them Jast year. He says they may lose a whole winter wheat crop or a litter of pigs or other crops and still try again the next year. Why should they be so fearful of tomatoes, he wonders. \

2 =

CORPORATION going up. National City bank of New York added up net income of 260 corporation for the first quarter. | It showed an increase of 7.1 per! gent over the same period of last

Tr. Auto and auto equipment panies did best (up 41 per cent) while service and construction com-| panies were next (up 37 per cent) and textile and apparel firms increased profits 33 per cent. = = = WILLOW RUN, Fords muchtouted and much-maligned bomber plant 30 miles from Detroit, will | become an assembly plant with | manufacturing farmed out to other factories, where more manpower is available. ” = 2

AT LEAST TWO bidders are expected to try to buy the $38 milsion bond issue of Public Service| Co. of Indiana. Bids are due May 10. Halsey, Stuart of Chicago heads one group of bidders while Kuhn, Loeb & Co. and Harriman, Ripley & Co. of New York head up another group. = 2 =

Last-Minute ‘Pep Meetings’ Held To Boost Indiana Tomato Planting

| | {

ODDS AND ENDS: Link-Belt earned 80 cents a common share in, the first quarter this year against] YT eents last year. . . . F. D. R| mentioned last night in his radio talk that meat prices would be rolled back: others add that vegetables and coffee will follow. .

any climate. . . . Studebaker earned | 42 cents a share in the first quarter of 43, compared with 9 cents a share in "42. . . . The South Bend concern retired $1 miilion worth of 8 per cent debentures last week, leaving about $4 million yet to pay off. . . . P. R. Mallory & Co. has declared a 20-cent dividend, paya-| ble June 10 to stockholders of rec-| ord May 25. . . . Goodyear is going to train 120 girls as engineers be-

cause the draft and other war plants;

have tiken so many men engineers.

Sharon Steel Corp, March quarter net profit $445564 or 94 cents & common share vs. $250,302 or 45 cents year ago.

“Investment Study Pays

| New army uniform is not khaki; it's not want to crowd Jeffers out of reversible green and white to suit)

designed to boost production

PILOT TRAINING IS HAMPERED

Shortage of Aviation Gas Responsible, Says Patterson.

OLDS DEFENDS

FAKED" STEEL

Denies Ship Plates Peril Lives of Sailors or

Soldiers.

HOBOKEN, N. J, May 3 (U. P). —Irving 8. Olds, board chairman of U. 8. Steel Corp. today denied the existence of any “proper basis” for questioning the safety or* suitability for shipbuilding purposes of steel plates produced by the Car-negie-Tllinois Steel Corp, a U. 8 Steel subsidiary. Addressing the annual stockholdérs’ meeting here, Olds asserted that the prominence given in March “to certain inadequate reports of the testimony before the Truman committee in Washington regarding irregularities in the testing of ship plates” gave the impression “that the plates in question were defective and unsafe and that the lives of our sailors and soldiers might consequently be imperiled.” “The deviations from specifications, brought out by the testimony before the Truman committee, primarily concerned slight variations

WASHINGTON, May 3 (U. P)—

i 1

s Undersecretary of War Robert Pyne plate production at the Irving made Patterson told the senate Truman works.” he stated.

committee today he plans a swing

retary of Navy James V. Forrestal

their and Rubber Director William M.iijeylar plates for shipbuilding, Olds | <e Jeffers “to break bottlenecks wher-| geclared.

or we see them.” He testified in the committee's investigation of the dispute between

and escort ships. The forthcoming trip, Patterson | said, will be made in a determined | effort to find a satisfactory solution of the priorities competition between | the three agencies. i Patterson earlier had told the) committee that the shortage of 100-| octane aviation gasoline is very real, and that petroleum administration! figures show there will be a short-| age of 44000 barrels a day of the plane fuel during May. That will necessitate a eut in training of com- | bat air erews in this country, he said. Patterson revealed that since his] public protest two weeks ago that) overriding priorities granted the

Jeffers have met and “we believe that working together we can solve, this thing.” He protested heatedly that War Production Board Chairman Don-! ald M. Nelson “told this committee there is no shortage.” On the, contrary, Patterson insisted, avia-| tion gasoline production is far short]

(of the requirements estimates whith civ contradictory” to usual testPROFITS are N® submitted to the war production ing procedures, Olds declared it did

board last October. Jeffers to Testify |

Jeffers had been scheduled to) testify today but a last-minute;

change in plans brought Patterson gatisfactory.” com- to the witness stand this morning.| There was no sinister motive for

Jeffers will testify tomorrow. “Because of the shortage in March |

gasoline supplies, transitional andj

operational training in this coun-iby a desire “to produce as great a

fry had to be cut,” Patterson said. | “Some of our combat planes in this} country had to be grounded. In| consequence we were not able to train pilots and erews at the scheduled rate. ‘The shortage in April was larger and the losses in training were larger.” He said that 91-octane gasoline is used in earlier stages of training, In the transitional and operational traiming with combat planes, 100octane is necessary, he said, adding that the shortage left two alternatives—reduction in the number of crews trained or lowering of training standards. “We do not intend to adopt the latter alternative,” he said.

Offers “Olive Brauch"

Patterson definitely offered the olive branch of peace to Jeffers, with whom he has engaged in a heated battle of statements. Come mittee Chairman Harry 8S. Truman (D. Mo.), said the change in scheduled appearances had been made at the request of Patterson, who “did

last place in the hearing,” and Patterson told the committee. “I would like to say at the outset I have no personal quarrel with Mr. Jeffers. I hold him personally in high esteem and respect his character and patriotism. I deeply regret that my recent remarks should have been interpreted as reflecting on either. I had no such intention. “He has performed his duty in pressing the synthetic rubber program vigorously and I don't resent it. On the other hand it is my duty to make every effort to see that our supplies of 100-octane gasoline are ample and Mr. Jeffers should not resent my efforts along these lines either.”

Rubber Not Se Important

| tion been reported to the maritime

| small number of heats of steel be-

| tice,” he asserted.

from the prescribed minimum tensile strength as to a small part of

As officially attested recently,

a character” to affect either the safety or suitability of these par-

Cites Vickery Statement

kkk

Arithmeti

WHO GOES IN THE AR

The Armed Services mort have 3,800,000 more men during 1948

=] =

¢ of War

MED FORCES be #

the Armed

2 oul of pr emi

LTH EL ET LES RE Ra a

LAR LIS AAU LIA Ea) LT LL)

NOT IN THE ARMED SERVICES IAN et

MUST BF IN UNIFORM RY THF END OF 1042

He reminded stockholders that on

while the tests of some plates at the Irvin works were below specifications, so far as tensile strength was concerned, “this material would have been accepted had such devia-

commission at the time.” Since the Truman committee hearings, Olds stated, navy department specifications have been changed “to meet the situation.” He explained that in the rolling operations at Irvin, which are subsequent to such tests for chemistry, “the heat numbers of a relatively

If the goal of 10,800,000 men for year, this pictograph shows why it men with dependent children,

MANPOWER ARITHMETIC

There are only 22,000,000 men in the 18:37 (inel) age group

MMMM gsss644

military service ... leaving 14,000,000 physically Fit

none HM ccc

1,500,000 able-bodied farm werkers Sirgeeeq

deferred during this yeer ... leaving 5,500,000

Only 1,700,000 can be deferred «key wie trial workers, family hardship cases, everything {J wileaving 3,800,000 to be inducted

AARAAAA

Forces ... leaving 7,000,000

LLL

the armed forces is to be met this will be necessary to draft married

The figures have been given by War

Manpower Commissioner Paul V. McNutt and are released today by

the office of war information.

Emil Schram Warns Against Stocks as Inflation Hedge

1.OS ANGELES, May 3 (U. P).—Recoghizing a “very real” danger of mild inflation in the United States, Emil Schram, president of the

New York stock exchange. sounded

a warning today against the ‘pur

chase of stocks “as an inflation hedge.”

Investment in common stocks, here, “is sound only to the extent tha

came lost” and in each instance an “imaginary heat number was given to such a lot of steel and a chem-

| rubber program have created the jcal analysis was made up for such aviation gasoline shortage, he and a lot of steel, based upon the actual

chemistry of steel of that particu-| lar grade.”

Explains “Fake”

These “invented” heat numbers had as a prefix the letter “F” which witnesses testified meant “faked.” Asterting that whiie this method of recording heats and analyes was “irregular and improper” and “en-

not “coricern or effect the quality of the steel, which so far as the reeord discloses had been tested for chemistry in accordance with the specifications and had been found

such irregularities and improper recordings as occurred, such action apparently being prompted solely

quantity as possible of a muechneeded war material.” “Neither these employees nor Carnegie-Illinois benefited financially from such an irregular prac-

Hoosier Molder's Suggestion Cited

Geronio Leoro, a lead molder at the International Smelting & Refining Co, East Chicago, was the sole Indiana war worker cited today by the war production drive headquarters in Washington for improving production. Leoro, one of 116 war workers cited in the nation, was awarded a letter of honorable mention. He proposed air cooling of anti monial lead bars on the mechanfecal molding machine. The air produces a skin of solid metal on top of freshly poured bars so that water may be used to cool the bars further without pitting. The use of compressed air decreases the time required for the skin to form, thus ultimately increasing the rate of molding to the extent of 20 to 30 per cent.

He recommended a four-point) program for successfully fighting inflation now and after the war, “Nothing that is bad for ti | economy of this nation is good for common stocks,” he said, “and anything that is good for America is good for the shares of American industry.” Putting dollars into stocks to avoid inflation is hopeless, since inflation will hit American industry | along with the rest of the American | people, he emphasized.

Best antidotes for inflation,

vestment in war bonds, free postwar absorption of risk securities in American and foreign enterprise, immediate steps toward reconver-| gion of U. 8. industry to peace time | production and the “emphatic encouragement of high production in the early post-war period.” He said that while no responsible person expects an inflation

after world war I, “the danger of] a much milder type of inflation in| America is very real and it arises) from a few simple facts.” Excess Money Is Problem The primary factor in wartime in-| flation is the diversion of industry into war production with conse-| quent curtailment or stoppage of production of civilian consumer goods, creating shortages in the) things which earners naturally want to buy, he said. “The problem, obviously, is to mop up the excess buying power, to find something for idle dollars to.do.” | “If all the available surplus funds were saved and invested in government bonds, there could be no inflation, for there would be no! pressure of idle funds. The people)

would pay for the war to a large were 11 per cent higher for the year |

extent, by reinvesting their savings! in the war effort. That would be| the ideal solution. To the extent that our war loans are subscribed by potential spenders, we ward off the danger of inflation.” Production Best Antidote To combat post-war inflation,

which he said, will be greatest in|ues still were 65 per cent below the|y md pub Serv 5% pid... 0

the early months after the war ends, | Schram proposed his second point— | to make risk investments at home, and abroad attractive since ‘a! strong post-war market for good

i |

600 GARY WORKERS | RECEIVE PAY RAISE

The regional war labor board in| Chicago has approved wage in-| creases of 51% cents an hour for 600 employees of the Gary Screw & Belt Co. of Gary, with an additional differential of 2'% cents an hour for employees on the second and third shifts. Robert K. Burns, regional WLB chairman, said the increase equalizes the company’s wage rates with those in other steel plants in Gary. It bring the minimum wage scale

Declaring he did not think the synthetic rubber program was as)

EL urgent today as the 100-octane

. [gasoline program, Patterson said)

“there is every indication that the]

«| rubber situation is in much Letter |

condition than the 100-octane gasoline.” “Take it that the recent relaxa-

Some of the numerous appli cations of the electronic prinared in a current memorandum which is avail _able at this office on request.

THOMSON a MeKINNON

tion of restrictions placed on the use of rubber would not have come about if the rubber outlook had not improved to the point that any erisis in the supply of rubber has been passed,” he said. “From present indications there will be rubber but not enough 100-octane gasoline.” He denied the opinion expressed before the committee previously by War Production Board Chairman Donald M. Nelson that faulty distribution of 100-octane gasoline created the pinch rather than an overall shortage. “We have been unable to maintain any reserves in this country,” he said. “Nelson's remarks on maldistribution were undoubtedly directed at our working supplies or operational reserves at overseas bases.”

[tive Wednesday, will give dealers

for the plant to 78 cents an hour. The board’s order made the increase retroactive to Feb. 15, 1042, the effective date of increases granted previously in other plants. Final action in this case was taken by the WLB prior to the issurance of the ‘“hold-the-line” executive order of April 8 and followed consideration of a petition field jointly by the company and the steel workers organizing committee, ©. I. O.

FOOD DEALERS HAVE OWN RECORD CHOICE

The OPA announced today that persons who sell rationed meats and fats by mail may keep sales records required by rationing regulations in terms of either points or dollars, Thus today's amendment, effec-

selling or transferring rationed meats and fats by mail an option in complying with a provision in the rationing regulations that a record of these sales or transfers shall be yep: for purposes of rationing con-

securities is sound enterprise— whether the enterprise is located at home or abroad.” However, this strong market for securities depends on maintenance of the American free- | enterprise system in a healthful atmosphere, Schram warned. On the “reasonable assumption” that Germany eventually will weaken and go down to defeat, followed by the conquest of Japan, he said it seemed to him “that reconversion of American industry from war to peace can be a gradual and orderly process” and that “we ought to be fairly well converted” six months after the final peace. “The most effective antidote for inflation is abundant production,! enough goods to make homes for orphaned dollars,” Schram concluded, with the emphasis on the “many new products . . . scores of new industries , , . startling economies . . . and . . . miraculous technological progress” that had come out of the war.

ALLEGHANY CORP. GETS $19,600,000

WILMINGTON, Del, May 3 (U. P) —Allegheny Corp. today announced consummation of an agreement with a banking group for a loan approximating $19,600,000 to be used to pay off by July 6 the outstanding $22,647,000 5 per cent collateral trust bonds of the company due Feb, 1, 1944 At the same time, the company announced a call for redemption of the bonds. They are callable on 60 days’ notice at 102% and accrued,

post-war |

| sout hwest, adopted a sideline attitude await-

he told a meeting of the Town Hall

t inflation is controlled or avoided.”

GRAIN PRICES HOLD FIRM AT CHICAGO

CHICAGO, May 3 (U. P) Grain futures held about steady to firm

jon the Board of Trade today.

At the end of the first hour, wheat was up 1% to cent a bushel, corn unchanged at OPA

(levels; oats off '& to 3, and rye up Schram said, include: Generous in-| ; |

3s to © The wheat market firmed under

less favorable crop news from the| oo

but traders mostly ing a new incentive. Grain circles heard that 250,000 bushels of Canadian wheat and

65,000 bushels of rye bound for Chi-

also left last week but layed by ice conditions in lower Lake Superior, Rye strengthened under commis sion house buying. Muy showed a slight gain on July, spreading difference narrowing to 25% cents at

ceiling prices. Country offerings

increased slightly but aggregate]

booking remained small. Shipping sales continued relatively light,

STATE FARM PRIGES RISE 11% IN YEAR

LAFAYETTE, Ind, May 3 (U. P.). —Hoosler farm real estate values

ended March 1 than for the pre-|

ceeding vear, Purdue university and the U. 8. department of agriculture reported today. The upsweep in farm values exceeded the total of two years ago by 27 per cent, but the 1042-43 val-

point reached in 1920. Only Ken-

| tucky, with a two-year hike of 20] p R Mallory com

cent, exceeded Indiana farm values. National farm land values in« creased 0 per cent during the past vear, making a rise of 17 per cent since 1040, They were 36 per cent above the low point of 1933. ‘The report said preliminary figures indicate that the volume of

| voluntary transfers last year would [American Loan 5s 46 .

be somewhat below the high level

for the year ended March 1, 1042, |

but still above any other year since 1919-1920.

JUNKED AUTOS GO TO DEALER, NOT WPB

Calling upon Indian residents to turn in greater quantities of scrap metal to junk dealers, P. D. Dimmitt, chief, Industrial salvage section, Indianapolis WPB district, today pointed out that junked automobiles at auto graveyards “are in the flow of commerce” and that all yards are operating on a 60-day maximum turnover. Dimmitt's statement followed numerous calls to WPB headquarters concerning the many junked automobiles in vacant lots and automobile junk yards. He pointed out that it is the assignment of the WPB to see that all scrap metal is collected, sorted, processed and returned to the steel furnaces to make war materials. The WPB, he explained, does not buy, sell or transport serap metal,

A. F. OF L. UNION CERTIFIED

WASHINGTON, May 3 (U. P).— The national labor relations board today certified the Bricklayers, Masons and Plasterers’ union (A. PF. of L.) as the bargaining agent for 42 bricklayers at the plants of Youngstown Sheet & Tube Co. at Indiana

Harbor, Ind.

| Medium —

HOG PRICES SAG 5 70 15 CENTS

Top Slumps to $14.75 as 10,425 Porkers Arrive At Stockyards.

Hog prices deelined 5 to 16 cents at the Indianapolis stockyards to-

for good to choice 200 te 226pounders, the food distribution administration reported. Weights from 160 to 400 pounds | were 5 to 10 cents lower than Satur | day while lighter weights were off 15 cents, Receipts included 10425 hogs, 2000 cattle, 600 calves and 600 sheep.

HOGS (10,425) 120- 140 pounds .. 140- 160 pounds 180« 180 pounds 180« 200 pounds 200 220 pounds 220- 240 pounds 240- 270 pounds 270- 300 pounds 300« 330 pounds 330- 360 pounds Medium 160« 220 pounds Packing § Good to cholce— 270- 300 pounds 100- 330 pounds 330- 360 pounds 360- 400 pounds Good —

400- 450 450« 550

14.6011 14.70 or [email protected] 14.85m 14.75 [email protected] . 14:50

80@ 14.70 ng erreies [email protected] ows 14.40 14.50 14. 40@ 14.50 14 4077 14 50 14.366 14.45

14.30@ 14 40

pounds 14.25@ 14.35

pounds

{ 250< BAO pounds «....ioviie 13.006 14.15 Slaughter Pigs Medium and Good 20« 120 pounds Cease CATTLE (2000)

Steers

« [email protected]

Choice 700 BOO 200-1100 1100-1300 1300-1500 Good 700- 000 900-1100 1100-1390 1300-1500 Medium-= 700-1100 pounds 1100-1300 pounds Common 700-1100

pounds pounds pounds Js pounds

« [email protected] 15.00% 16.25 [email protected] + [email protected]

pounds es pounds pounds pounds Jee.

[email protected] [email protected]

pounds « [email protected]

Heifers

Choleew

600- 800 800-1000

| Good 600 BOO 800-1000 Medium 500 200 pounds Common 800« BOD pounds ...eeiiviunis Cows (all weights)

Good . ‘ | Medium ‘ TIT { Cutter and common | Canner beia

18.00

ounds 5 15.50

18.50 pounds 18.28

oo [email protected] « [email protected]

pounds iin pounds «es.

12.75@ 14.50

Arras eee

[email protected]

Bulls (all weights) (Yearlings Excluded) Beef Good | Sausa | Good (all weights) Medium

CALVES (600) Vealers (all weights) Good to choice Common and medium Cull (75 lbs. up) ... Feeder and Stocker Cattle and Calves Steers

Chaeee cones 1450018. ceernrannes’s 1425153

Cetenananene 13.50@ 14. Veressresses 18.26@1040

sesessenanss [email protected]

corse [email protected] cers)

Chotee | 500- 800 800-1050 od

pounds pounds

| 500« BOO 800-1050 | Medium 500-1000 cCammon.« 500« P00 pounds .. Calves (st Good and Choice | 500 pounds down Medium 600 pounds

pounds pounds

pounds

[email protected]

down 13.00@ 14.50

Calves (heifers)

Good and Choice 500 pounds dOWn ..iecianin. 14.00918.00 [email protected]

Medium. 500 pounds down SHEEP AND LAMBS (600) Ewes (shorn)

Good and choice Common and choice

9.00

15 nai 5 1250@13

[email protected] 2. 80

Good to choice Medium and good Common Lambs (Shorn)

Rood and choice 13.756@ 14.76 Medium and good ...... ees [email protected] COMMON ...ciiovsnniiisvines [email protected]

LOCAL ISSUES

Nominal quotations furnished by Indie anapolis securities dealers. Bid Asked Agents Fin Corp com ....«s .“ WW Agents Fin Corp pfd Belt R Stk Yds com Belt R Stk Yds 6% pfd Bobbs-Merrill com Robbs-Merrill 4% pfd Circle Theater com Comwlith Loan 5% pid Hook Drug Co com ......... | Home T&T Ft Wayne 7% pid. & *Ind Asse Tel 5% pfd 9 | Ind & Mich 7% pie | Ind Hydro Elec 7% Ind Gen Serv 6% Indpis P & L 5%%% Indpls P & L, com Indpls Rlwys, Ine, com Indpls Water pf .........co00 Indpls Water Class A com.... Lincoln Loan Co 6% pfd Lincoln Nat Life Ins com

0% Bla

5 15% 31%

N Ind Pub Serv 67% . N Ind Pub Serv 7% { Progress Laundry com 1 Pub Serv of Ind 5". pfd Pub Serv of Ind eom S80 Ind G&E 48 pfd | Stokely Bros pr pfe ...oiee . | United Tel Co Co 6% { Unjon Title com | Van Camp Milk pfd van Camp Milk com ...eeeee Bonde Algers Wing'w W RR 4%%... American Loan 5s 61 06

apiece § 4'%s 42-51 ..

3 Co 4%s 51.... Citizens Ind Te 10 | Consol ¥in 58 60 Ind Asto Tel Co 3%s 70 Indpls P & L 3'%s 70 106% Indpls Railways Co 58 67 .... 17 Indpls Water Co 3'%s 68 ....108% Kokomo Water Works 6s 58..104% Kuhner Packing Co 4%s 49 ... 98 Morris 5&10 Stores 68 50 4 Muncie Water Works 58 104% N Ind Pub Serv 3%s 60 107 N Ind Tel 44s 55.. 1% Pub Serv of Ind 4s 60 105% Pub Tel 46s 65 sansee 98 Richmond Water Wks 68 57...108 Trae Term Corp bs 57 U. 8. Machine Corp. 58 52 .... *Ex-dividend

LOCAL PRODUCE

Heavy breed hens, 2436; Leghorn hens, he

Cent Newspaper Ch of Com Bld

108% 101 0 109 80 J07% 01

82% 100

Broilers, fryers and roasters, under 5 lbs, 27'ae. Old roosters, 16e. Eggs—Current receipts, 54 lbs. and up,

3c. Graded Bggs—Grade A large, 36¢c; grade 4c; grade A small, 25¢; no

. 1, B50c. Butterfat—No. 1, ec.

, 30e, 40¢c; No. 2, 46

WAGON WHEAT

Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.52 per bushel for No. 1 red wheat (other grades on their merits), No. 2 white oats, 60c, and No. 2 red cats, 60e; No. 3 vellow shelled corn, 987¢ per bushel, and No. 2 white shelled corn, $1.16.

INDIANAPOLIS CLEARING HOUSE

Clearings

LUMBER MAN TO SPEAK

W. C. Slagle, executive secretary of the Indiana Retail Lumber and Supply Dealers association, will speak at a dinner meeting of the Building Contrators association at

day with the top falling to $14.75 S

sana L 14.00 14.68

Allegh Corp .. Allied Chem Allis-Chal Am Can Am Can pf . 178 Am Rad & 8 8 0'p Am Roll Mill. Am T & T... Am Tob B .. | Am Water W.. Anaconda ive Armour Ill Atchison pf . Atl Refining .. Balt & Ohio .. Loan. 1

Cons Edison ... Cons Oil darn Prod .... urties-Wr A... Dome Mines .. BElee Auto<L ... Gen Cigar pt i Gen Blectrie ,,. 3 Gen Motors ... Goodrich ...... Goodyear ... .. Hid BM & 8 Indpls P & Lt Int Harvester int Nickel Int T&T .... Johns<Man ...

Nash-Kelv ... Nat Biseuit .. Nat Cash Reg 2 Nat Dairy .. N Y Central... Noblitt-8parks Ohio OIL .... Packard ..... Pan<A Airways ! Pehh RR .... 8 Phoenix Hoe. . Procter & Q.. Pullman ...... Pure Oil ‘e Reo Mot vie. . Sears Roebuek. Servel Ine | So Por R Bug South Ry pt co 68

HHH AEE

+444:

Starrett I, Sterl Drug ... Studebaker : Sunshine Min Texas Co Un Aire nf... Un Stk Yd .. West Air pe:

thc #h E44 :: le :

359 6

1 38Y, 20%

y +n

Complete New York stock quotations are car ried daily in the final edition of The Times.

CLAIMS M'NUTT WAS PRESSURED

Steel Committee Says C..0. Wanted 48-Hour Week;

Cites Inflation.

WASHINGTON, May 3 (U.P) — The iron and steel industry's advisory committee charged today that the congress of industtrial organizations “pressured” War Manpower Chief Paul V. MeNutt into ordering a 48-hour work week for all steel mills to obtain “concealed wage increases” counter to the anti-infla-tion program. The committee said McNutt's order, which is effective June 1, will add $100,000,000 to the industry's annual payroll “at a time when the government is making every effort to hold back the forces of inflation.” “This increase,” it said, “would come on top of an actual increase in weekly income of steel workers which has far outrun the rise in living costs. Over the past year, earnings of steel workers have risen 17 per cent to an average of $44.50 per week. In the same period, the cost of living, as measured by recognized authoritative indexes, has increased only 7 per cent.” Pointing out that steel mills now are producing at over 99 per cent of capacity on an average week of 41.6 hours—with thousands of workers on a 48-hour or longer work week-it said “arbitrary extension” of the work-week for all employees “cannot possibly add any perceptible tonnage to the current rate of output.”

TRUCK CONVERSION MUST BE REAL--0DT

The office of defense transportation has warned farmers and others who are converting passenger automobiles into trucks that the ODT requires definite structural changes of a permanent nature before a cer-

Yellow Tr .... Young Sheet. . Zenith Rad .. 20%

, | tificate of war necessity will be is-

sued for such vehicles, George F. Burnett, manager of the Indianapolis district ODT, said that proper precautions must be taken by owners to allow for the increased load to be carried on the converted vehicles, The conversion definitely must have been made for the bona fide purpose of transporting property essential to the conduct of the applicant's business and in no case will such conversion be recognized as bona fide if the vehicle has been, could or would be used for the same purpose without having made the conversion, Mr. Burnett said. The attachment of a towing device, painting windows, removing rear seat cushions (seat and back), or doors, Installing overload springs or a rack or temporary rod off which to hang clothing, are not considered sufficient structural change to amount to conversion. However, in the event a structural change is necessary and is bona fide, the following changes would be considered adequate: 1. Removal of rear seat cushions (seat and back, plus installation of shelves or cabinets in such a manner that they cannot be readily removed. 2. Installation of a hoist on the rear deck of a coupe or roadster, 3. Installation of a truck type axle assembly to the chassis of a passenger vehicle, plus addition of a box to carry property, or a truck body. Mr. Bugnett urged that any person contemplating conversion of a passenger automobile to the status of a commercial vehicle cont@ws his nearest ODT district office and ascertain that such conversion will make the vehicle eligible for a certificate of war necessity before actually beginning such changes, which would entail needless nse and trouble if the vehicle

6:30 Wednesday at the Athenaeum,'

Qualify for a

SALES EXECUT WILL HEAR KRA

W. R. Kraift of the M: Motor Co. will speak at dinner meeting of the Indianapolis

i FFT

+ Bales Executives council at the Ins

dianapolis Athletic club, A. OC. Crandall of Indianapolis

*| power & Light Co., chairman of the

recently appointed post-war saless " men's advisory council, will report » on that group's first meeting. re.

GARY MAN 18S WOUNDED WASHINGTON, May 3, = Pfe. Robert D. Miller, husband of Mrs. Blanche Miller, Gary, was one of 312 U, 8. soldiers wounded in recent North African fighting, the war de-

{s| partment announced today.

ES ———— Deaths—Funerals indianapolis Times, Monday, May AKE--Francis J, beloved husband o W. Ake, father of Mrs. Warren L, Bers gen and Mrs, Howard R. Bland, passed away Saturday evening. Funeral Wednesday, 1:30 p. m, at the home, 1040 N. Garfield Park drive. Burial Washingtoh Park. Friends may call after 4 p. mW. Monday, GG, H, Herrmann Services

BUCKLEY-—Esther, widow of Lester J, Buckley, mother of John W, sister of Mrs, B Jordan, Mrs. Russel Hinesley and Charles BE Wagner. Friends may oall at the Kirby Mortus ary, Meridian and 10th sts, Funeral Tuesday, 0:30, at the mortuary; 10 a. m., Holy Angels church, Interment Holy Cross cemetery. Friends invited,

CAPITO--Maude Elizabeth, age 76, belov wife of William Capito, grandmother © Mrs, Bertha McQuade and Samuel Hop kins, sister of Abe and James Faroeisiiy yassed away Sunday p. m. Funersiie ednesday, 1:30 p m Shirley Bro \ Central Chapel, 946 N. Illinois st. Buria Oak Hill cemetery, Lebanon, Ind, Friends may call any time after 8 p. m. Monday.

! DOWNEY-<Oral, 011 Elm st, passed away

of 8ylvia, Columbus, brother of

Sunday morning; husband father of Charles Downey, O., and Rosemary Downey, Mrs. Edna Mogingo, Indianapolis, an Amos Downey, Greensburg, Service AY the J. €. Wilson “Chapel of thes Chimes.” 1234 Prospect st, Wednesday 10 a. m. Friends invited, Burial, Crown Mill, Friends may call ta the "Chapel of the Chimes." (Greensburg, Ind,

papers please copy.) EWING-—Martha Virginia, age 80, beloved mother of Sara ©. Ewing and James Ch Ewing of Indianapolis and William T Ewing of Blue Island, Ill, and sister o

Elizabeth and Mary Goddard and grands mother of James (0. Ewing Jr. Services will be held at Shirley Brothers’ Irving Hill Chapel, 5377 B. Washington, Mons day, 8 p. m., with final services and burial in Freeport, Ill, Wednesday, Friends may call at Irving Hill after 1 p. m. Monday. FIGG--Blla, Elizabeth, beloved wife of Lona Figg, mother of Thelma Britten of Columbus, Ind, Vernell, Earl and Pvt, Lester Dale Pigg, passed away Sunday. Time and place of service later, Beans blossom Service GALE William, beloved husband of Mary Wessling Gale and father of Mrs, Freda Gale, Denny, Otto and Hugo Gale brother of Charles, Gale, passed away Saturday. Wodnesday, 2 p. m,, from the Cumberland Baptist church. Burial Memorial Park. Friends may call at the residence, Cumberland, Ind. from 6 p. m. Monday to ‘13 noon Wednesday, and at the church after 12:30 p. m., Wednesday. Shirley service, GEORGE-~Gladys age 48 years, beloved wife of John Creorge, daughter of Rd ward Symmonds, mother of Mrs, Mare garet Duncan and Ruth George, Mrs. Glennys Luckenbill of Marion, Ind.; Pvt, John George Jr, Seaman Second Class Charles George and Seaman Second Class Donald George, sister of Charles Symmonds of Reloit, Wis; Mrs, Laura James of Beloit, Wis, passed away Saturday. Funeral Tuesday, 3 p, m, from Shirley Brothers West Chapel, Michigan. Burial Floral Park. may call at Shirley Brothers’ * Central Chapel, Illinois at 10th st, from 2 p. m, Sunday until 5 p. m, Monday and at West Chapel after 8 p. m, Monday, HOFMEISTER-Pauline, 136 8. Hawthorne lane, widow of Henry, mother of BEarl, Fred and Joe Hofmeister, Mrs. Marga« ret Whiteman, city, and Maurice Hofe meister, Lawton, Mich.; sister of Frank Shirley, 8t. Louis, Mo., and Mrs. Anna Brandon, city, departed this life sun: day, age 77. Funeral Wednesday, May 5, at the Moore & Kirk Irvington Mortuary, 5342 E. Washington st, 2 m. Burial Crown Hill, Friends nvited, HUGO-Willlam €., passed away Sunday morning in Mount Carmel, Ill, brother of Bertha, Clara and Harry Hugo, Mrs. Hattie Dickerson, all of Indianapolis, and Mrs. Lillian Selby, Mount Carmel, Serve joe at the J. C. Wilson ‘Chapel of the Chimes," 1234 Prospect st., Tuesday, 3:30 = p. m. Friends invited, Burial Crown Hill. Friends may call at the “Chapel of the Chimes,'' Tuesday,

JACKSON--Marion M., husband of Ethel Jackson, father of Mrs. Estelle Badgley, Mrs. Emly Harrod, Earl and Andrew Jackson, brother of Mrs. Lida Feeley Mrs. Nannie Vermillion, Arthur an Willis Jackson passed away Monday morning at residence, 321 N. Delaware, Service Thursday, 1:30 W m,, Conkle Funeral Home, 1034 . Michigan, Friends invited. Burial Floral Park, Friends may call at the funeral home after 1 p. m. Tuesday. KERNEL-—Anna, age 71, 1021 8. New Jer« sey st, mother of the Rev. Father Theodoric Kernel, O. I. M, of China; Mrs. Clarence Michaelis and Mrs. Joseph Hang and three grandchildren, passed away Sunday afternogn. Funeral Wednesday, 8:30 a. m,, at G, H., Herr~ mann Funeral Home, 1505 8. East st. and 9 a. m. at Sacred Heart Catholic churgh, Friends invited. Burial B8t. Joseph cemetery. Friends may call at funeral home after 7 p. m. Monday. Deceased was a member of Christian Mothers, Altar Society and Third Order of St. Francis, MeALLISTOR-Anna, 530 Vinton, passed away Monday morning. Funeral notice later. J. C. Wilson Service.

MeNORTON--Frank Andrew, husband of Mary Elizabeth, father of Mrs, Richard Bay, of Charleston, 8, C, passed away Saturday morning, Service at the Flanner & Buchanan Mortuary, Monday evening at 8 p. m, Friends invited, Crema« tion following. PORTEN--Nicholas B., age 75 years, husband of Frances, father of Mrs. Ruth Denk, Margarete and Edward Porten, passed away Sunday, Funeral Wednes« day, May 5, 8:30 a. m., at the Usher Mortuary, 2313 W. Washington; § a, m. Assumption church, Friends invited. Burial 8t. Joseph's cemetery, Friends may call at mortuary after 7 p. m, Monday,

ROSS-—Clarabelle, age 35, beloved wife of Francis 8. Ross, mother of John D. Ross, sister of Mrs. Roy Draper, Ernest, Ralph and Clarence Arbuckle, passed away > Saturday morning. Funeral Tue 3 May 4th, at 1:30 Br m, from BShirle Brothers Irving Hill Chapel, 5377 E. Washington st. Friends invited. Burial Washington Park. Friends may call at the chapel, SCARBROUGH--Mae, 37, wife of Mack Bearbrough, mother of James Robert daughter of Mr. and Mrs, James C, Me~ Cauley of Madison, Ind., passed a i Sunday p. m. Funeral Wednesday, 10: a.m, at G. H. Herrmann Funeral Home 1506 8. East st. Friends invited. Bu Crown Hill cemetery. Friends may cal at funeral home after 7 p. m. Monday. Please omit flowers,

SPEICHER--Earl, 1520 Epler ave., husband of Opal, father of Robert, Reginald and Mrs. Christine Asher, brother of Rueben Speicher passed away Sunday evening. Service Wednesday, 3 p. m., at the J. ©. Wilson ‘Chapel of the Chimes,” 1234 Jrospeet #*, Mi vied, Burial emoria ark. riends ma, the “Chapel of the Chimes." 7 calles STITES—Harry 8, 1120 Linden st., passed away Sunday morning; husband of Daisy, father of Miss Estel Stites and brother of Mrs. Howard Welker, Anderson: George and Frank Stites, Indianapolis; Walter Stites, Jeffersonville, and C. E. Stites, Algood, Tenn, Service at the J. C. Wilson’ Chapel of the Chimes," 1234 Prospect st.,, Tuesday, 2 p. m. Friends Jnvited, Butial Vashingtan ark. riends may call at the ‘Chapel of the Chimes.” S THAMANN--Charles W,, husband Raymond Thamann, father of 8 aon nr brother of Mrs. John D. Gallagher, at his home, 936 N. Chester, Fri

i Friends may call at the Kirby Mortuary, Meridian at 19th st. Funeral Tuesday 8:30, at the mortuary; 9 a. m., t » at}

of the Little Flower, Interm Cross cemetery, 3 TILESTON—Gertrude Trudie, mother of. Wesley and Robert Tileston, passed : 8 Sunday a. m. Friends may call : Tolin Funeral Home, 1308 Pro jime, JZlvices poder, 2p m uneral home. urial Washington Friends invited. WALKER-—George, age 41, R. / Brother of Ben, Harry and Paul w, Mrs. Judith Watnseols and Ruth passed away Sunday. Fune ) 10:30 a. m. at the Gra. Ta Te Shiireh, Jennings SOURLY: call at the Farley neral Home, W. Morris st, from 7 p. m, Monday. p we

Funeral Directors i Walter T. Blaseng)

3128 Ne ilnols CONKLE

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