Indianapolis Times, Indianapolis, Marion County, 7 May 1943 — Page 31
PRICES ON HOGS REMAIN STEADY
Top of $14.75 for Porkers Holds at Stockyards; 9350 Received.
The hog market was active and generally fully steady at the Indianapolis stockyards today, the food distribution administration reported. The top held at $14.75. Receipts included 9350 porkers, 325 cattle, 325 calves and 25 sheep.
| BIG BOTTLENECK STEEL WIPED OUT)
v Strip Mills Make Production ‘Miracle’ Possible; Maritime Commission Alone Now Gets More Than Total Output in October, 1941.
By DALE McFEATTERS Times Special Writer
WASHINGTON, May 7.—For the first time since the war began, there is an adequate suppiy of vital steel plates for ships, tanks and other weapons, the WPB has disclosed. The most persistent, worrisome bottleneck of all has been licked—and the victory is a production miracle. If it hadn't been for the auto industry, the conquest wouldn't have been possible. The auto makers weren't directly responsible, but mastery of the bottleneck was] made possible by the fact that
they were the steel industry’s FACTORIES NEED No. 1 peacetime customer. 20 000 WOMEN
Hoosier Boys Make Army Plane Parts in Basement
FT. WAYNE, Ind, May 7 (U. P) —There's one war plant in this city whose praises are as yet relatively unsung. Most people don't know about it, but it is producing a vital bomber plane part for the | army air forces. So far, is hasn't been awarded an army-navy “E” . award, although it has maintained a record of 100 per cent production. :° The plant—a basement atfair—is owned and operated by Willlam | J. Morrill, 15, and his brother, Giles, 12, sons of Mr. and Mrs, Wayne : J. Morrill of Ft. Wayne. They have handled sub-contracts for bomber : parts for more than a year unbe- . known to their neighborhood playmates. The boys were handling the AA-1 priority job all by themselves but the work became so “heavy” that additional employees were needed. So Mother Morrill was added to the payroll as purchasing agent. Sister Carolyn, 5-year-old kindergarten student, wanted a hand in the production program, too, so she was given the job of wiping off the parts when they came out of the “pigeon-milk,” a lubricating compound.
“Full-Fledged Plant”
Jerry and Giles are mighty proud of their production record —in an unassuming and serious way. How do they work? Just like a million-dollar plant, and they are rated as a full-fledged U. S.
LL.
the part. But for the boys, it + was a big enough start—and those © checks are big enough for any youngster. The boys got into war produc- - tion through their father, an elec- . trical engineer, who financed their * first set-up. Then he left them : alone, Jerry and Giles said they ; purchased some machinery from @ “dad” but that after their third + production delivery they “were in | the clear.” ‘
Boys Buy Bonds
“We paid off dad,” Jerry said, “and since then we have been on our own.” What's more the youths have purchased war bonds which will « « finance part of their college edu« x cations. Excess profits are, placed in a kind of sinking fund and also in new equipment,
HOGS (9350) 120- 140 pounds [email protected] [email protected] « [email protected]
I. NH at
po 220- 240 pounds 240- 270 pounds ... 270- 300 pounds . 300- 330 pounds .. 330- 360 pounds Medium 160. 220 pounds Packing Sows Good to cholce—
. 14.85@ 14.70 [email protected] [email protected] [email protected]
[email protected] 14.40@ 14.50 oo [email protected] [email protected]
300- 330 pounds 330- 360 pounds ... 360- 400 pounds ... Good— 400- 450 pounds 450- 550 pounds ...... Sesiaen Medium-—
With water cascading from its tracks this U. S.army M-7 tank smasher emerges from a shallow stream while on maneuvers at Ft. Sill, Okla. A 105 mm tis a Or eal Gao Chane, Thi aor ly juggernaut dwarfs the jeep shown beside it. The M-7 can travel with the speed of a medium tank and already has dealt the enemy some mighty blows.
;, If it hadn't been for the auto market, steel producers wouldn't have developed and installed their famous high-speed, continuous-strip
[email protected] [email protected]
steel mills, tinuous-strip mills, the Sta
about half as many steel plates.
Conversion of strip mills from rolling thin, light strips and sheets
If there were no conUnited tes today would be producing
Training Workers Is Task Of Local Agencies, Belman Says. Emphasizing the need for co-or-
to thick, strong plates is one Of) gation in the training of potential
the great industrial achievements of the war, in the opinion of men| of
within WPB's steel division.
As a result, WPB is able to allo-! onthly to the maritime com-| mission alone as much plate ton- | nage as was turned out altogether | i) eq by local agencies.
cate mo
in October, over began. Output Practically
1941, when the change-|
| region VI, yesterday told a meet-
the training problems must | He estimated that SS aie) 120,000 additional women would have [to be trained for war jobs in the,
Figures are dull, but they tell this {Indianapolis area by the end of} story more graphically than words. | 11843. Mr. Belman said that 65 per | In October, 1941, total steel-plate|cent of the total employment in| deliveries amounted to 593152 tons. |the aircraft industry will consist of
Of this, 440,711 tons was produced; Women. by regular plate mills and 152,440 He pointed out that the scope of
tons by strip mills, In February, 1942, plate shipments totaled 1.072001 tons—542,686 tons from p tons from strip mills,
Production was even higher in!
when 1,135413 tons were| Universal and sheared) sufficient number of trained persons
Janusry, shipped. plate mills contributed 575,941 tons, and strip mills 565,893 tons.
The | strip mills that once pro-| he thin skins of passenger | autos now are running neck and! ‘against a quarterly rate of $22,500,{director o ga q peck with the heavier plate mills] director of vocational education, was|
duced
in the race to build victory ships
tan ks and light armor plate, and
probably soon will be in the lead.
Yet it wasn't so many years ago continuous-strip mills were maligned by labor and political They were called a “techthreat to They were to have displaced human labor in created vast unemployment. But, WPB officials point out, the nation today would be in a bad way without them. The merchantfoe program, for one thing, would therwise be months behind schedule, and probably never would have been projected to its present size.
that Jsaders. nological monstrosity,” a the national economy.
in mils,
ithe war training program goes be- | yond the metal trades, extending {to agriculture, which “is suffering
late mills, 520.315 ian apparent shortage of manpower.”
Mr. Belman cautioned that the “objective of all training agencies is the same; that is, providing a
{so that war production can be ex{pedited and the needs of the armed] |forces met as quickly as they de-|
velop.” Harvey G. McComb, Indiana state]
in charge of the meeting.
ACCOUNTANTS HOLD CONFERENCE HERE
George P. Ellis of Chicago, a vice president of the American Institute of Accountants, discussing problems encountered by certified public accountants in wartime, was the first speaker in the afternoon session of the institute's wartime accounting conference being held today at the Indianapolis Athletic club. He was to be followed by Troy G. Thurston, Indianapolis accountant,
PHONE for a LOAN
Pe 4 reo a DAY OR NIGHT
& out of 5S MORRIS PLAN Loans Made Without Endorsers
* Borrow on Character, Auto or Furniture — from $735 to $3500 to $1,000. - * Toke 8 weeks to make the first payment, * Many loans completed while you wait. ® No credit inquiries of friends orrelatives * FREE PARKING ocross the street in Arcade Gorage for auto appreisal.
Phone MA $455—Ask for Mr.Coots
SEER NEY
in a reading of a paper on “War Contracts, Costs and Profits” orig|inally prepared for delivery by Vic- | tor H. Stempf of New York. {| C. Oliver Wellington of New | York, past president, was to close the afternoon session with his talk on “Financial Statements in Wartime.” George S. Oliver of Indianapolis, president of the institute, will deliver the main address at 8:15 tonight on “The Fifth Freedom.” The 1943 annual meeting of the Indiana = Association Public Accountants was held this morning.
Coca-Cola Co. quarter March 31 surplus available for common stock $4,125622 or $1.03 a com-
year ago.
CROSSWORD PUZZLE
HORIZONTAL _ 1 Pictured U. Ss military nurse, LIAIKIE MH Florence - 10 Garment 11 Boat paddle 12 Close by i114 Nautical hai! :15 Perform $16 From {18 Loyal 120 Rodent 21 Cloth measure Jf 22 Angry 24 Before 25 Military Police (abbr.) 25 Part of “be” 270 Cereal grain 29 Morindin dye 30 Shouts 32 Decorations 34 And (Latin) 35 Within 36 She is an = of mercy 29 Philippine peninsula 43 Proceed 4 International language 43 Donkey
48 Behold! 49 Vapor
53 Wager 54 Beloved
57 That one 58 Weight allowance 89 Pack 81 Disfigure 83 Harbor 64 Instruction VERTICAL 1 Shoe
Answer to Previous Pussle
47 Abstract being 3 Near 52 Part of mouth 5 Laughter
56 Compass point 7 Half an em
15 Deciliter (abbr) 17 Cultivate 19 Lampreys 21 Type measures 23 Stain i} 26 Change J} 28 Prepares for publication 31 Limb 383 Collection of
~ 38 Old 37 Roman data 38 Piece of wood 38 Lure 40 Serpent 41 On the watch 42 Short letter 48 Satisfy 50 Any 51 Half (prefix) 52 Turkish coin
TRL] [ERLE BIE] _INIOJSIE EIEE RIS! TIRIA P S
Ell
I] oy LJ
Zoo all FARE
HE OJAI VIE A
|” PMID (De4(=ibs)
ad
Feil
(| >} ~1T =4i =r] [| =I
4 Not warm
sound 8 Out of
8 Permit 9 Attempt 10 Tip of a fox's brush 13 Pertaining to farms 14 She is an American — purse
55 Wand 58 Also 60 West Indies (abbr) 62 Symbol for
acetyl 63 Jumbled type
| war workers, Harry S. Belman, chief war production training for
Many Former Axis-Owned
Plants Now Produce for U. S.
WASHINGTON, May 7 (U. P).—The alien property custodian announced today that weapons of great value now are being forged in the | same American factories and with the same patents secured by the axis [ing of the state training directors! | through guile to make weapons to destroy America. lin the Claypool hotel that most of
“German finance after world war I began building within the United
WAR CONTRACTS DIP 14 BILLION
Only Aircraft Orders Stay At the Levels of Last
Year.
NEW YORK, May 7 (U. P)— Government contracts for war sup-
plies and facilities declined to a little over $14,000,000,000 in the three imonths ending in February as
{000,000 in 1942, the division of industrial economics of the national industrial conference board announced teday. Only aircraft contracts continued to be placed at about the same volume as in 1942 the board said, while ship contracts totaled $1,200,000,000 compared with $3,000,000,000 quarterly last year and awards for new plants were valued at only $238,000,000 as against a quarterly rate of nearly $2.000,000,000. Contracts for aircraft, parts and equipment placed during the quarter were valued by the board at $4,900,600,000 bringing the cumulative total of such awards to $31600,000,000. California, New York and Michigan hold about two-fifths of all aircraft awards, the board said, naming other important contract areas as Connecticut, New Jersey, Ohio and Kansas.
N. Y. Stocks
; Allegh Corp .
of Certified (jin Ca Q n
Am ended
mon share vs. $4199197 or $1053:
Pullman 53 Farm building | Radio
High 3 L159 1k 3
Net Last Change 2% 0
s Allied Chem .. 158 — 1%
Allis-Chal
op -
FE 7
n pf 15830 Am Rad i SS 10% Am Roll Mill . 852
+14 hs
PEE 0 4]
REE rREEEey
AEANAES
FEET batts
[EERE 4 41)
FLEE A
ello aie 169 enith Rad we 29
stock quotations are carried daily in the final edition of The Times,
U. S. STATEMENT
WASHINGTON, May 7 (U. P.).—Government expenses and recel for the cur. rent fiscal year through y 5 compared], with a year bd
Expenses Ah “soe oy So 008 1 war Sols Sons. 627.655 5 303. i)
B Hn
Be
be | States a powerful organization centered in the chemical field but extend-
ing also to the electrical and heavy goods industries,” Custodian Leo T. Crowley said. “These enterprises,
not content to prosper by honest
trade, were used as bases of operations to carry out German political plans.” Right now 2000 business firms seized by the custodian and in operation, many producing weapons and supplies for our armed forces. A total of 41077 patents and pending patent applications owned by enemy nationals and nationals of enemy-occupied countries have been vested and are under the custodian’'s control. These patents cover some of the latest achievements in the production of dyestuffs, plastics and textiles. They include many patents covering processes which have enabled the enemy to carry on mechanized warfare while cut off from petroleum, rubber and other basic raw materials.
Boats for the Navy
They include 1282 in the fields of ordnance and aeronautics, 25423 relating to manufacture, transportation, power and machinery, 5647 chemical and 6889 electrical. Already many of these patents are being used to make collapsible boats for the navy, fire-fighting materials, machining crank shafts, aluminum for airplanes. Military security forbade listing most of the items manufactured. “It is impossible even to guess at the value of the patents and patent applications vested by the alien property custodian,” it was stated. “Wars are not won by bookkeeping credits or cash. Enemy assets must be used as instruments of production.”
STOCKS IRREGULAR IN ACTIVE SESSION
NEW YORK, May 7 (U.P)— Stocks moved irregularly during the morning dealings today with a firmer tone developing around noon. Trading was running at a rate above 2,000,000 shares for a full session.
Railroad issues and motors receded in the first hour while industrial and utility issues held
u steady to firm. The carriers came
back from their lows, notably Nor-
it{folk & Western which made up
nearly all of a loss of 11¢ points. Motors leveled off with the leaders fractionally lower. Liow-priced
4 (shares of the section were active with prices steady to firm and some
of the motor equipments moved ahead.
UTILITY PAYS TAXES
Checks totaling $552,026.82 for the spring tax payments of the North-
13 | ern Indiana Public Service Co. have s/been sent to the county treasurers
of the communities served by the company, it was announced by Dean
{ | H. Mitchell, president of the com1; | Pany.
CEILINGS SET FOR MACHINES
WASHINGTON, May 7 (U. P)— The OPA has established dollar-and-cents ceilings for SDENORIraR be |
machines used in the manufacture of clothing and equipment for the
x| armed forces.
While Pears,
said yesterday.
Great Britain was the sole purchasing agency in Argentina, Sander said, adding that the British had not taken advantage of their virtual monopoly and that “thousands of tons of meats” were available for others. In addition, he said, the war 3 Shipping administration had told Pp that space was reserved Bo “vital materials necessary to the war effort”
HIGHS FlsatiNG 4
AREAL
ly 4000 models of industrial sewing ssc.
JURY INDICTS ALUMINUM GO.
Cleveland Firm Charged With Selling Faulty Parts to U. S.
CLEVELAND, May 7 (U. P) <A federal grand jury, invoking the wartime sabotage act for the first time against a munitions maker, today indicted seven top officials of the National Bronze and Aluminum Co. of Cleveland on charges of conspiring to manufacture and sell defective aircraft parts to the government.
The indictments were returned Moan against the company itself, John L. &
Schmeller, president; Frank I. Schmeller, general plant manager; Edward Schmeller, assistant plant manager and chief metallurgist;; James C. Helm, plant superintendent; Otto M. St. John, service engineer; Robert W. Chrysler, chief of the final inspection department, and Benjamin Prudenza, foreman and chief inspector. The Schmellers are brothers.
Castings Manufacturer
The company, one of the world’s largest manufacturers of aluminum| Go castings which has been producing war materials since Pearl Harbor, had been under investigation by the federal grand jury for several weeks following an extensive and secret inquiry by federal bureau of investigation agents. The grand jury also mentioned, but did not indict, 21 other company employees as co-conspirators in an alleged plot against the government in which the defendants are charged not only with making defective alumnium castings for airplane engines but also with attempting to conceal the defects.
BUSINESS AT A GLANCE
By UNITED PRESS
Commercial Solvents Corp.— March quarter consolidated net profit $651,629 or 25 cents a share vs. $547,181 or 21 cents year ago. Inland Steel Co. and subsidiaries —Quarter ended March 31, net profit $2,796,321 or $1.71 a share vs. revised net $2,689,090 or $1.65 year ago. Revere Copper & Brass, Inc.— Quarter ended March 31, net profit $884,152 or 56 cents a common share vs. $995,658 or 64 cents year ago. Youngstown Sheet & Tube Co. and subsidiaries — Quarter ended March 81, net profit $2,147,023 or $1.15 a common share vs. $2576,579 or $1.41 year ago. Duval Texas Sulphur Co, quarter ended March 31 net profit $164,325 or 33 cents a share vs. $226,953 or 45 cents year ago. Hudson & Manhattan R. R. Co, three months ended March 31 net loss $65,019 vs. $116,743 year ago. Joy Mfg. Co. and subsidiary, six months ended March 31 subject renegotiation net profit $39,338 or $102 a share vs. $449,491 or $1.17 year ago. Mengel Co, quarter ended March 81 net profit $109,486 or 168 cents a common share vs. $180,440 or 33 cents year ago. Minneapolis-Honeywell Regular |, Co, quarter ended March 31 net
income $681,621 or $1 a common |}
share vs. $669,931 or $1.01 year ago.
LOCAL PRODUCE
Heavy breed hens, 24l5c; Leghorn hens,
Broilers, fryers and roasters, under § 27%e,
rrent receipts, 54 lbs.
rade A large, 38c; grade dc; grade A small, 25¢c; no
and up,
Graded A medium,
Meat Import Permits Denied
NEW ORLEANS, May 7 (U. P.).—Seventy-two carloads of South American pears and grapes arrived in the United States on one ship while permits to import vitally-nesded meats were denied, Bite! Sander of New York, representative of the Argentina Corp. of Meat Producers,
grade, Lo Butter—e. _ S0c. Butterfat—No. i,
49¢; No. 2,
Grapes Arrive
uncooked meats but that permits had been refused for pickled, cured or cooked boneless meats. He sald Governor Sam Jones of Louisiana and others had interceded vainly
permit for 500 tons of meat. Granting of permits also would aid in “pacifying the somewhat ruffied sentiments of our ‘Southern
Pub in one attempt to get an import B
250- £50 pounds Slaughter Pigs Medium and Good— 90- 120 pounds : CATTLE (3235) Steers
Cholce— 700- 500 pounds 800-1100 pounds 1100-1300 pounds 1300-1500 pounds Good 700- 900 900-1100 1100-1300 1300-1500 Medium — 700-1100 pounds 1100-1300 pounds Common - 700-1100 pounds Heifers
15.008 14
[email protected] [email protected]
Cholee—
600- 800 pounds 800-1000 pounds
Good— 600- 800 pounds 800-1000 pounds Medium-— 500- 900 pounds Common 500- 900
14.50@ 15.50 Chrsesieanes [email protected]
SLIT [email protected]
pounds [email protected] Cows (all weights)
12. RE 13.50
Bulls (all weights) (Yearlings Excluded) Beef Good Sausage— Good an weight) . m
[email protected] [email protected]]| [email protected] CALVES (325) Vealers (all weights) Good to choice [email protected] Common and medium ....... [email protected] Cull (75 Ibs. up) 8.50@12 00 Feeder and Stocker Cattle and Calves
Steers $00: 800 pounds 14.500 - pounds ...... eran 4. 15.50 ae -1050 pounds [email protected]
600- 800 pounds ....eeeeeee. [email protected] 800- 1050 pounds ...eeceeenes [email protected]
Mediu 500- 1000 pounds ..ieeceecees [email protected] + [email protected]
Common 500- #00 pounds “a Calves (Steers)
Good and Choice— 500 pounds down Medium-— 500 pounds down Calves (heifers) Good and Cholce—
500 pounds down [email protected] NN
00 pounds down [email protected] SHEEP AND LAMBS (25) Ewes (shorn) Good and cholce
Crabb annne
serbian [email protected] 13.00@ 14.50
[email protected] [email protected] [email protected]
Lambs (Shorn)
Good and choice [email protected] d good
[email protected] [email protected]
GRAINS ARE STEADY
CHICAGO, May 7 (U. P.) —Grain futures maintained a steady to easier tone on the Board of Trade today. At the end of the first hour, wheat was off 3% to 4 cent a bushel; corn unchanged at OPA levels; oats off 4 from 63%, and rye off % from 88. Exchange officers reminded grainmen today that the last day for trading in contracts providing for delivery of grains and lard in May will be Friday, May 21. The wheat market declined fractionally under light selling by Southwestern houses. Traders in the oats pit gave attention to the probability that lake vessels will not be available for grain shipments in any sizable amount. A dull tone prevailed in this market and in corn futures.
LOCAL ISSUES
Nominal! quotations furnished by Indl anapolis securities dealers, Bid Asked Agents Fin Co! T
Merrill co Bobbs-Merrill en pid Circle Theater com Comwlith Joan 3% pid Hook be Home T&T Ft Wane 7% pid. og Ind Asso Tel 5¢% pfd Ind & Mich a ptd Ind Hydro Elec 7%. Ind Gen Serv “ie Indpls P & un Sa Indpls P& L Ihdpis Re, fae, com i.e Indpls Water pt Indpls Water Class A com.... Lincoln Loan Co 5% pfd Lincoln Nat Life Ins com. N Ind Pub Serv 5'%%% pfd..... N Ind Pub Serv 6% ........c os 93% 3 Ind Pub Serv 7% pid R Mallory com Brogtess Laundry com Pub Serv of Ind 5% pfd Pub Serv of Te com So Ind G&E 48 pfd.......... Borel Bros orp ps United Tel Co Co Union Title com Van Camp Milk pfd Van Camp Milk com Bonds Algers Wins'w . RR 4%%... 98 American Loan § 28 American
The war production board refused import permits on grounds that | Ind Asso Tel x)
army air force sub-constractor. Little can be said about the actual product for fear of giving away military secrets. However, it can be revealed that one part is necegsary for each army bomber. The finished product is made up of eight varied parts, all machined by the boys and their mother and then assembled. The job calls for tolerances of two to four-thousandths of an inch— which is pretty close. Several hundred are turned out each month.
“Doing Remarkable Job”
Government officials say the boys are doing a “remarkable” job and this is borne out by the fact that not since receiving their first contract in February, 1942, nor since it was renewed recently, has a part been rejected by the war department. In nearly all large plants a certain percentage of rejection is common. The bomber part produced in the home-made factory formerly was made by a large company by whom it was termed a “nuisance” job because of the small size of
Jerry and Giles have grown up with tools, which somewhat ac- * counts for their success in the manufacturing business. They , have used their father's wood and : metal lathes and other workshop: « equipment ever since they were. .. big enough to hold a piece of wood. bys Still Go to School CIE
The neighbor kids knew the Morrill boys were up to something at home, but they didn't’ *' know why they had to stop: «i playing and “get back to work." Despite the rigors of holding a | war contract, the boys spend considerable time in outdoor recrea=' . tion. On school days they work in’: their basement shop about two : hours a day and on holidays and’ during vacations, from six to | eight hours a day. They have + missed only one day of school be«' °, cause of their work. And that ¥ was a rush order. 4 Jerry, who to business associ’ ates, is Willlam J, is nearly 6 feet tall and a sophomore at South Side high school. Giles is 5 feet 7) + and in the seventh grade of. ! grade school. } 3
00T OUTLINES PARTS PROCESS
Owners of ‘Laid Up’ Trucks Will Be Able to Get Replacements.
Procedure to be followed by essential truck operators in obtaining replacement parts for vehicles that are “laid up” for lack of parts was outlined today by George F. Burnett, Indianapolis district manager of the office of defense transportation, Burnett said the following steps should be taken in the order listed: 1. Re-inspect old part to determine if it can be reconditioned or repaired with local or nearby facilities.
2. Contact all local and nearby parts distributors, jobbers and deal-
lers for the required parts.
ON BOARD OF TRADE
3. Make sure that “certificate for emergency order” has been forwarded by the parts distributor, jobber or dealer with order to the parts manufacturer, 4. Check used parts dealers, salvage yards and dealers for a used part. 5. Have parts distributor, jobber or dealer contact manufacturer for shipment of part direct from .factory. If these steps fail to produce the required part within a reasonable time, Burnett said, the truck oper= ator should advise the automotive division of the nearest war produce tion board office.
FAILURE TO BOOST OIL PRIGE ASSAILED
ST. LOUIS, May 7 (U. P.) —Prentiss M. Brown's failure to approve an average 35 cents a barrel increase for crude oil has brought the nation face to face with a shortage of petroleum, believes Frank Buttram, Oklahoma City, president of the Independent Petroleum Association of America. Denouncing OPA Administrator Brown, and his associates as “theorists,” Buttram yesterday told association members in a convention session, “the day of shortage is not far distant. It will arrive in the
ity. The one controlling stimulus is price.”
tion of Harold L. Ickes, petroleum administrator, for the increase.
STUDY WORK FOR JAPS IN MIDWEST
CHICAGO, May 7 (U. P.) —Mid« western officials of the war relocas tion authority met today to discuss placing American<Japanese workers in areas suffering from labor shortages. WRA officials from Illinois, Indiana, Wisconsin, Minnesota and the eastern half of North Dakota met with Elmer L. Shirrell, WRA di
matter of a few months unless there]... be immediate stimulation of active|
Brown refused the recommenda-
Ration Checks Like Bank Forms
Ration checks may be indorsed" 8 and transferred by non-depositors, * for the first time since ration . banking started, the OPA an- . nounced today. Such checks may » be forwarded by a merchant who.’ does not himself maintain a ra«’ : tion bank account to his supplier’ to pay in ration points or pounds for foodstuffs he buys. Ration checks are similar in design, size and purpose to ordinary commercial checks and now may+-"*% be exchanged in rationing trange: i's actions in the same way as money +» checks are now used in money «. transactions. The new provision. «, is effective evtive Nay 10 Wo «
OPA DENIES YARN, TEXTILE PRICE NE
WASHINGTON, May 7 (U, P).— ot The office of price administration, ,
said today that no upward 20} ugisas » ment of yarn and textile prices is .; contemplated. od Manufacturers of yarn and tex. s tiles have asked OPA to readjust prices of their products, OPA said, and the impression is reported to have developed in trade circles that upward revisions of prices for cer tain types of goods is to be expected. “Regardless of any earlier de« velopments, the president's execu« tive order to hold the line clearly means that no price increases in yarns and textiles can be sance tioned,” OPA said.
OPA REVISES MAPLE SYRUP REGULATIONS
Two technical changes, effective May 14, were made today by the OPA in its regulation controlling the prices of maple syrup. The first rewords the regulation so that prices now are F.O. B. loading point, which is the trade's production points. Literally, the terminology, rather than FF, O.B. latter would be the producer's maple sugar trees, The other change deletes the word grocery in a provision de= seribing wholesalers, since hotel supply houses and confectionery establishments are not engaged in the grocery distributing business.
Lester Aronberg, Chicago, nl regis« tration of trade mark, ‘‘Markal,” class 36; prints and publications.
Inv estment Study Pay s
EI