Indianapolis Times, Indianapolis, Marion County, 9 June 1943 — Page 21
~ Region Including Indiana Ranks
Third
in National War Production
By ROGER BUDROW
WAR PRODUCTION IN THIS REGION is third largest in the nation, exceeded only by the Detroit and New York regions, according to an office of war information report on
Indiana, Illinois, Towa and Wisconsin,
take in food production.
"And that does not
~The four states have been given 10 billion dollars worth
of’ war contracts, not including sub-contracts.
These four
produce 18 per cent of the war steel, 25 per cent of radio and detection devices, 20 per cent of metal products, 20 per cent of bituminous coal and 20 per cent of all processed
food.
In ammunition, the vegion leads the nation with contracts adding up to $1,618,000,000. Before the war it did: not’ have an aircraft industry an Tn . to speak of but now cargo plane, fighter, bomber, engine and parts contracts total $2,672,000,000. The region ranks third nationally in aircraft production. And aircraft orders form the largest single type of war manufaca turing in the reAlthough it is an inland region, it is producing submarines, cargo vessels, coast guard cutters, and escort vessels—$765,000,000° worth of ships. Illinois 4s first among the four states and Indiana second. This state has $3,079,000,000 in prime war contracts; concentrated in Gary's steel mills, and in the Indianapolis and South Bend aircraft industries. It is believed that South Bend, with its Studebaker aircraft engine works and_Bendix aviation plants, outranks Indianapolis in aircraft production, despite the Allison’ engine and Curtiss-Wright propeller contracts. Down at Evansville tliste are the shipyards, aircraft plants and shell factories. Elwood and Kingsbury are making small arms and cartridge cases. Ft. Wayne is busy with superchargers, electrical equipment, shells and truck parts. Elkhart's pand instrument factories have been converted to making parts of aircraft engines, screw machines and army cots. La Porte rolls off bomb parts in great quantities— $16,000,000 worth was shipped in December alone. Also in Indianapolis can be found . plants. making bomb fuses, aircraft gears, radio detection devices, tanks, military trucks, etc. Wellknowri by now is the conversion of the southern Indiana limestone industry to welding tank turrets, making cranes for shipyards, housings ‘for anti-aircraft guns and machine’ couplings. s 8 » TRUCK CROPS in Indiana have taken a beating from the weather. Purdue says the south- ’ ern: Indiana strawberry crop ripened four to six days earlier than expected and berry-picking in’ northern. counties ought to be under way by Monday. Some onion fields were ruined by wind and flood and many will have to be resown in drownedout spots, if seed is available. Tomatoes are being planted late and many plants are too large for ideal transplanting. Cantaloupes were planted 10 to 15 days late but should do well in ‘this weather, The same with watermelons. Mint fields near northern Indiana lakes were damaged by the winter weather.
MOVES 10 HALT PRICE "SQUEEZE
War Meat Board Urged by Davis to Co-operate With Packers.
CHICAGO, June 8 (U. P.).—The war meat board, at the suggestion of War Food Administrator Chester C. Davis, moved today to help eliminate the price “squeeze” on meat packesr. In a telegram to the newly-formed board, Davis urged. that it cooperate in determining equitable prices for slaughter cattle, Davis acknowledged that some packers have been caught between high livestock prices and the wholesale meat ceilings. Acting on his suggestion, the cattle and beef industry advisory committee, meeting with the meat board, formed a subcommittee to determine the price of slaughter cattle by grades, and to make recommendations to bring these prices into line with the wholesale ceilings. The subcommittee is headed by Paul C. Smith of Swift & Co. At the meat board’s meeting yesterday, Lt. Col. Jay L. Taylor, deputy administrator of the war food administration, said no “drastic cuts” were contemplated in production of animal products.
RAISES DENIED AT FARNSWORTH CORP.
The national war labor board to-|
day denied a general wage increase of 3 cents an hour for the employees of the Farnsworth Television & Radio Corp., of Ft. Wayne.
The denial was justified by the| good—
board on the ground that the increase was “in conflict with the wage policy laid down in the hold-the-line executive order.” However, the board did accept the referee’s recommendation providing that women assemblers’ maximum rates be increased from 60 to 65
cents an hour, with a starting rate c
of 50 cents instead of 47 cents an hour. This increase is retroactive to Nov. 17, 1942.
STEEL OUTPUT UP NEW YORK, June 9 (U. P).—
ood Steel production for May (7,545,379 | Medium
net tons), set a new record for that|c month, but was slightly below the all-time peak established in March (7,670,187), while output of electric furnace steel reached the highest level for any month in history, according to figures released
by the American Iron & Steel in-|
situte today.
9
TAXES \
TUESDAY June 1524
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Principals of this firm own a large optical shop and the largest chain of retail optical yaners in America.
“3000000 SATISFIED CUSTOMERS
MN
8 Sa oo Be a
Washington 3
1100-1300 pounds
the crates are opened.
After a journey by ship te West Africa, plane parts are taken by truck to an assembly point where These U. S. planes will soon be making more flights for freedom,
HOG PRICES OFF 5 T0 25 CENTS
Porkers Weighing 200-225 Lbs. Bring $13.85 Top; 6475 Received.
Trading was light at the Indianapolis stockyards today, with few early sales, the food distribution administration reported. Prices on porkers dropped. The top for 200 to 225 pound hogs was $13.85. Receipts included 6475 hogs, 925 calle, 550 calves and 650 sheep.
HOGS (8475)
120- 140 pounds 140- 160 pounds ... 160- 180 pounds ... 180- 200 pounds ... 200- 220 pounds 220- 240 pounds 240- 270 pounds ... 270- 300 pounds ... 300- 330 pounds 330- 360 pounds ...
[email protected] .. [email protected] «. [email protected] . [email protected] [email protected] [email protected] . [email protected]
[email protected] Packing Sows
Good to choice— 270- 300 pounds 300- 330 pounds ... 330- 360 pounds 360- 440 pounds ....
13. 613. 40
13.15@13. 35 Good-— 400- 450 pounds 450- 550 pounds Medium— 250- 550 pounds
Slau Medi and Goo 90-1
pounds CATTLE (925) Steers
. [email protected] [email protected]
11.75@ 12.90 J gi Pigs
Choice— 700- 900 pounds ...c. 900-1100 pounds 1100-1300 pounds . 1300-1500 pounds
«oo 16.00016.50 . [email protected] [email protected] [email protected]
. [email protected] [email protected] [email protected] . [email protected]
veo [email protected] « [email protected]
esse [email protected]
700- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 pounds Medium — 700-1100 pounds
Common
700-1100 * pounds
Chol S900 POURS «- vues eens [email protected]
« [email protected] [email protected]
. [email protected] [email protected]
pounds pounds ....
pounds ..... pounds ...
(all weights) 12. 30813. 50
Bulls (all weights) (Yearlings Excluded)
Ceressessarine erecesses [email protected] . [email protected]
[email protected] [email protected]
Beef— Good Sausage— Good (all weights) ..ee0e. fum
CALVES (550) Vealers (all weights) good 0 choice 15. S018. 00
15.00 oun "s Ibs. u A 12 00
Feeder and Stocker Cattle and Calves
Chofice— 500- 800 pounds [email protected] 800-1050 pounds ...... tessens [email protected]
od— 500- 800 pounds eens [email protected] 800-1050 pounds [email protected] Medium— 500-1000 pounds ..cosesssvece: [email protected] | In Common— 500- 900 pounds [email protected]
Calves (steers)
Good and Choice— 500 pounds down sees. [email protected] Medium— 500 pounds down [email protected] Calves (heifers) Good and Choice—
Na (Lunds down [email protected]
2800 pounds down
‘ SHEEP AND LAMBS (650)
Ewes (shorn) Good and choice Common and choice Spring Lambs Good and choice [email protected] Medium and good [email protected] COMMON. +ysriaseernosnan esse [email protected]
Good to choice eiseee. [email protected] Medium and good ...... eese. [email protected] Common . [email protected] Lambs (Shorn) Good and choice Medium and good
[email protected] [email protected] [email protected]
WAGON WHEAT
Up to the close of the Chicago market today, Indianapolis flour mills and gr elevators paid $1.54 per bushel for No. 1 red wheat (other glues on their merits), No. 2 nite oats, 60 No. 2 red cats, oe; he 3 yellow shelled corn, 97c per she.
[email protected] | 52
Rise in Costs of Industrial
Production Noted by Board
NEW YORK, June 9 (U. P.).—The national industrial conference board today noted a general rise in costs of industrial production this year and said a majority of corporation executives expect the trend to continue “during the next six months.” Three-quarters of the reporting companies disclosed increased costs in the last four months, with about one-seventh of the companies having
steady cost figures, particularly companies engaged in the food and metal products industries. One executive. in 12 reported lower costs. Chief cost problem for more ‘than half the reporting companies was labor, while about a quarter found raw material costs their biggest worry, the board stated. “Labor productivity and efficiency haved directly affected wage costs in the majority of reporting companies, which state that declining efficiency has been the rule,” the board asserted. Labor factors tending to increase food production costs include manpower shortages, a greater degree of absenteeism, turnover, wages, the 48-hour week, occasional work stoppages and the greater cost of supervision.
Higher Raw Materials Cost
Although 25 per cent of the companies report higher raw material costs, 45 per cent stated that such costs “are holding steady” the authority disclosed. Causes of higher raw material costs, where reported, are shortages and higher prices, difficulties of transportation, increased freight charges, higher cost of subcontracting and rationing. “Most companies have been unable to pass on any increase in costs and their profit margins have narrowed,” the board noted. “About one-tenth report.that they are not being ‘squeezed,’ but most of these companies have been operating under ‘cost-plus’ contracts or their unit costs have been lowered as a result of a larger volume of production.” About three-fifths of the reporting . companies anticipate higher costs with a “very small percentage”
00 looking for steady costs or some-
what of a decline in the June and September quarters of 1943.
LOCAL ISSUES
Nominal quotations furnished by Indi. anapolis securities dealers. Bid Asked Agents Fin Corp com “ee 46 Belt R Stk yas Xi pd . ‘ie Bobbs-Merrill ¢ cessene Bobbs-Merrill 52%. ptd . Circle Theater com Comwlth Loan 5% Hook Drug Co com Home T&T Ft Wayne 1% pfd. i Ind Asso Tel 5% pfd *Ind & Mich 7% pfd Ind Hydro Elec 7%
Ingpis P&L 8a %. . s P&L c “Tndpls mi Riways ns com Indp *Indpls Water Class A com .. Pe Loan Co 5% pfd In Nat Life Ts com. d Pub Serv 3la% 2% pid Pub Serv 8
*Progress Laundry com ...... Pub Serv of Ind 3% Fie Pub Sexy of Ind Ind G & E48 Pra Stokely Bros pr pfc United Tel Co Co §% Pmon Title com Van Camp Milk pfd . Van® Camp Milk com ........ 13 Bonds Algers Wins'w W RR 4%%... American Loan 5s at American Loan 5s Cent Newspaper as 42-51 . Ch of Com Pag Cod Co 413 rb ees Citizens Ind Ti al Consol Pin 5s "fp Ind Asso Tel Co 3%s 70 .. Indpls P & L 3%s 70 ........ Indpls Railways Co 5s 67 .... Indpls Water Co 3's 66 108 Kokomo Water Works 5s 5a. ‘108 Buhler Packing Co 4%s 49 . Morris 5&10 Stores 5s 50 .... Muncie Water Works 5s 66.... N Ind Pub 4
rain| N Ind Tel 4%
Pub Tel 46s 98 Richmond Water Wks 5s 57... as Term Corp 5s 5 1 Machine Corp. 2 52
‘Bx dividend.
Cand No. 2 white shelled corn, AT FUNNY BUSINESS 3 - Jo, // Uh 4 7 0% 7 4 Wh i 74
0 id
c. ai dat Zr
2 a
1
, | worn 2| shoulder, ply or tread separation,”
, | replaced.
Rationing— fate
NEW TRUCK GAS STAMP PLANNED
Purpose of Coupon Will Be To Take Up ‘Slack’
Mileage.
Indianapolis officials of the OPA and the office of defense transportation today were completing plans for the issuance of a new type of gasoline coupon for truck operators for the quarter beginning July 1. The change’ in the coupon is designed as a further means of taking yup “slack” mileage and of removing | potential sources of black market gasoline, At the same time the OPA explained how they will join with the ODT in enforcing the reduction in commercial vehicle use of gasoline to carry out earlier ODT announcements requiring reduction by 40 per cent. A new “TT” coupon, which replaces the present “T” coupon, will be valid July 1, George F. Burnett, Indianapolis district ODT manager, said.. The old type of “T? coupon, now being used by commercial operators, will be invalid on and after July 1, except in the northeastern shortage area where the ban on nonessential driving is now in effect, s 2 »
In order that local war price and rationing boards - may be able to
render a better decision on tire re-|ca
placements, the mileage division of the Indianapolis districc OPA has announced additional information that must be obtained by tire inspectors. Inspectors will have ta include the following information in their report:
all tires on the vehicle; a statement as to whether the tire to be replaced has been recapped or repaired and the approximate tread depth; the approximate mileage left in the tire in its present conditicn; the exact: reason for tire failure, such as “broken bead, 4-6 inch cut, beyond recapping, loose
ete., and the number of tires to be
Farmers needing farm implement or front-wheel tractor tires will be permitted to purchase suitable substitutes when they are unable to find a dealer with tires designed expressly for their purpose, the OPA announced today. The action, effective June 12, was taken because of reports reaching OPA that dealers in some areas are running out of some types and sizes of tires, # # 8
Elimination of some of the inven-
tory reports and records now re-
quired of members of the tire trade and commercial vehicle fleet ovperators has been announced by the OPA. In addition, the frequency of some of the other reports that still are required will be reduced. The changes, effective June 12, are as follows: 1. No person who is required to file an inventory report of tires.and tubes with the war production board will have to report the same tires and tubes to OPA. - Manufacturers still must keep book inventory and stock movement for OPA. 2. Dealers are required to report stocks of tires and tubes to OPA quarterly, as before, but they are relieved of the previous necessity of
making a physical count of tires!
monthly, 3. Records of tire inventories and of rationing certificates applied for and received, which OPA formerly required operators of five or more commercial vehicles to keep, no longer need be maintained,
” Numerous Hsed car buyers throughout the state have found themselves “stuck” with automobiles they can't use because they failed to obtain inspection records |]
:| for the tires as a part of the transaction, the Indiana district OPA dis-
closed today, OPA. officials point out that a current valid tire inspection record
| must be surrendered by the pur-
chaser to the war price and ration. ing board before -gasoline” rations and a new tire inspectio
34 APS SEEK
.|States are seeking to help -the war
Serial numbers and condition of|ge
WORK IN STATE
Rejected From U. S. Army, They Want Employment
On Home Front.
The Indiana office of the war relocation authority has received notice that 94 American-Japanese army rejectees who did not make the grade to fight for the United
effort on the home front. They are seeking employment in Indiana and other Midwest states under the jurisdiction of the Chicago regional WRA office. Their average age is 25. Many of them are professional and skilled workers. ‘Others are farmers, laborers, housemen or gardeners. All but’ four were born in the United States and therefore are American citizens. Those born in Japan would long ago have been citizens but for our naturalization laws which prevent members of the yellow race from obtaining citizen-
ship papers. ‘Exceptionally Good Workers’
According to E. C. Cleary, Indiana WRA officer, these men are exceptionally good workers. He explained that the joint board of the war department which passes on the loyalty of all American-Japanese males of draft age has officially declared that the rejectees should be given priority on job offers. Those rejected by the army now are in the 10 relocation camps in the West waiting to accept jobs =o that they may earn their living like Americans on the outside. Outstanding among the applicants are a civil engineer who worked for i0 years with the California state division of highways; an electrical engineer; a former manager of a large wholesale produce business; a medical student with hospital experience; auto mechanics; machinists; several photographers, and one lawyer, * : ‘Given First Choice’ The war department also has announced that American-Japanese volunteers not accepted for combat duty for physical reasons or over age will be given first choice by ihe joint board to work in war plants as soon as their eligibility has -been passed upon by. the board. If favorably passed by the ooard, the American-Japanese will be allowed to work in the Eastern defense sector, which includes the states along the Atlantic seaboard, Cleary pointed out. The Indiana WRA office is located on the sixth floor of the Circle Tower building.
N. Y. Stocks
Net low La i Change
a zs — 157% 157% 36a 37 853% 8534 15% 15% 11% .11% 1433 14% 156 156% 6072 7% 28 515 5512
High Allegh Corp ... Allied Chem ...15 Allis-Chal 3
[ - FRESE
- =~
ee aE ae
Anaconda Armour Ill Atchison Atl Refining .
to iRtret ile
|»
Borg-Warner . Bdgpt Brass ... se J I
2 Rie |
hi 60% A. 2% 3 . 68
+111
Elec Auto-L .. Gen Electrie .
Pit:
Harvester. Int Nickel .... Int T&T Kennecott Kresge SS .... L-O-F Glass Link Belt Minn Hny .... Nash-Kelv .... Nat Biscuit ... Nat Casi Reg.. Nat Dairy ... N Y Central .. Novi Sparks
ERE
os Lea Sears Roebuck . Servel Inc .
Std Brands ... Std G & E Std
Std Oil (N J) . Studebaker . Swift & Co ... 26 Texas Co Timken R B .. Un Air Lines . U 8 Gypsum . U 8S Leath .... U 8 Rubber .. U 8 Smelt pf . U 8 Steel ..... West Union ... Westing El Woolworth Yellow Tr vi Young Sheet .. Zenith Rad ...
FREE!
1 Send a copy of yo
I forinvestorson t
ur memorandum | Plastics Industry. I
NAME
ADDRESS
THOMSON & MeKINNON
Curb Employees
Get Wage Raises
NEW YORK, June 9 (U. P.).— Weekly wage increases of 10 per cent or more for New York curb exchange floor workers have been approved by the regional war labor board. The increases, requested by the
| curb exchange, were granted to
correct sub-standard living conditions for exchange pages and to make necessary intra-company adjustment in the case of reporters of transactions, and are retroactive to March 6. The base rate for pages has been raised from $18 to $20 weekly, while the wages for reporters were set in a range from $25 to $40, against an old top of $31.
COPPER STOCKS SEIZED BY U. S.
Firm Charged With Refusal To Sell Its Supply to
Government.
WAYNESBORO, Pa., June 9 (U. P.).—U. 8S. marshals, operating under orders of the war production board, today seized a quantity of vitally needed copper from the Frick Co., Inc, Waynesbqro, after the company allegedly refused to sell it to the government. The seizure was made by U. 8. Deputy Marshal William L. Capello for the WPB's copper recovery program, Orders for the seizure came from the board's Cleveland, O,, regional office. The Frick Co.'s large supply of copper, the WPB said, was purchased in 1940 and never has been used, According to WPB redistribution officials, the Frick Co.'s refusal to sell was based on claims that the price was “unsatisfactory” and that it might find use for the cepper in the future. J. J. Tice, senior redistribution specialist from the Cleveland office, and J. M. Burke of the copper recovery program, New York, were present when the requisition was made. WPB said the company spokesman was Daniel Benedict, president and general manager of the Frick Co. According to WPB officials, the copper will be shipped to Federated Metals, Pittsburgh, for remelting,
GRAIN FUTURES FIRM ON BOARD OF TRADE
CHICAGO, June 9 (U. P.).—Grain futures developed a firm trend on the Board of Trade today. At the end of the first hour wheat was unchanged to up 1 cent a bushel; corn unchanged at OPA limits; oats up % to 1%, and rye up 3% to 1a.
142 cent a bushel from the previous $1.443%; corn unchanged from $1.(5; Oss up 12 from 653c, and rye up 1% @3% from 95% @ 3c.
Public Service Co. of Oklahoma
iz | quarter ended March 31 net income Ya| $385,105 vs. $367,336 year ago.
In the July options wheat was up
2 FOUND GUILTY OF WAR FRAUD
Former Company Officials Expected to Ask for New Trial. ; BALTIMORE, Md. June 9 (U, P.).—Motions for new trials were expected to be filed today in behalf of two former officials of the Tris umph Explosives, Inc. Elkton, Md., who were found guilty of violating * the war contract renegotiations act by falsifying and concealing proe . duction costs. The jury deliberated four hours last night and if their verdict is upheld the two men—Gustav H. Kahn and Joseph Ben Decker—face maximum penalties of two years’ imprisonment, fines of $10,000 each or both. ¥ The jury recommended, however, that “justice be tempered with mercy in imposing any penalty.” and Judge W. Calvin Chestnus promised the jurors that he would consider their recommendation, Kann and Decker, president and vice president, respectively, of the munitions. company, were indicied by a grand Jury after the navy took over the company last October and reported that a $1,400,000 war cons tract fraud had been discovered. They were specifically accused of interfering with, government renea gotiation of a war contract by siibe mitting false statements on produce tion costs. Motions for a new trial for the men already are pending in another case in which they were convicted of mail fraud charges accusing them of improperly obtaining $84,000 in company funds by making checks allegedly for commissions payable to a company secretary. :
DAILY PRICE INDEX
NEW YORK, June 98 (U, P.).= Dun & Bradstreet's daily weighted price index of 30 basic commodi= ties, compiled for United Press (1930-32) average equals 100): Yesterday seransedensune 17048 Week Ago sevsrevivavev171:81 Month Ago . siseresss JTS Year ASO «iiiiirvesvacneen154.74 1943 High (April 2) ..........17240 1943 Low (Jan. 2) .
U. S. STATEMENT
WASHINGTON, June 9 (U, P,).—Gove ernment expenses: and receipts for the current fiscal year 5 rough une 7 come pared with a yea ot
hy Expenses ...$71,433, ao 07 328, shies oi ate War spending. 66, 146, 946,307 Receipts 17,965, 209 ingest 10h Net deficit .. 2 2,201, "838 01 1, 529, 417,580 4.527.557,964
Cash balan-e. 22, 715, 990,218
Work. bal. ... Public debt Gold reserve
1140,361,345,321 . 22,4217,012,671
INDIANAPOLIS CLEARING HOUSE Clearings .......cev00000 ether $4,703,000 Debits 12,649,000
LOCAL PRODUCE’
av breed hens, 245e; Leghorn hens, Broilers, Ibs,, 27%c old roosters, 16¢. 2a) Eggs—Current’ ‘receipts, 84 Ibs. and up,
Graded Eggs—Grade A large, 37c¢: grade A medium, 35c; grade A small, 26c; ne
fryers and roasters, under §
grade, 3lc. Ee 80c. Butterfat—No. J
49c; No. 2
didi DIN 0%
|
an important part.
’
(Member |
III
74 50%
LIFELINE of FOOD
From a housewife’s convenience to 4 worldwide necessity —that was the gigantic conversion problem which canners and food processors faced when war came. But the task is being accomplished: Wherever our own men are fighting, sailing, or flying; wherever American prisoners can be reached by the Red Cross; wherever the soldiers of our allies are destroying mutual enemies who will not be on hand to kill our friends and brothers... to all these, in all parts of the globe, goes the kind of food that builds courage . and fortitude and the will to battle.
This and more must be listed to the credit of :
America’s great industry of food processors and canners—an industry in which Indiana takes such
In all such industrial processes, commercial banks like American National play an essential part. Good banking, sound management, efficient produetion, work together to get things done.
Each War Bond You Buy Brings Victory Nearer!
~~ AMERICAN NATIONAL BANK
at Indianapolis
PENNSYLVANIA AND MARKET A Branch Office is maintained at College Avenue and 42nd Street
STREETS
on,