Indianapolis Times, Indianapolis, Marion County, 6 July 1943 — Page 6
PAGE 8
BUSINESS
Purdue Expeots Food Prices to Go Higher, Reaching Peak After War
—— By ROGER BUDROW PURDUE'S FARM ECONOMISTS BELIEVE the only
way food prices can go is up,
food prices continue to rise, wages must go beyond the Little
Steel formula.
Purdue blames the game old thing that Leon Henderson harped about when he had the “hot seat” in the OPA. And
that ig the “inflationary gap” has and the goods it can buy.
Ag long as this gap exists, higher|=
and higher prices are inevitable Purdue says. It makes no differ. ence what name you give it, whether it be price subgidies to produce ers or distributors or just out-and-out higher retail prices. The public foots the bill the long run. But the worst is vet to come, Purdue believes, at
in|
least the greatest test of price control is yet to come. | Mr. Budrow That will be after| the war. “The demand for food is] likely to be greater within two years after the war than the present time. Feeding our allies and possibly our enemies will tax our available food supplies. Our war-weary civilian population may be less willing to abide by rationing and other hard- | ships necessitated by the war. An attempt to buy goods which do not exist except in limited quantities may cause further increases in prices.” It was after you may remember, inflation took place. “The most likely thing appears to be that prices will follow a pattern similar to world war I,” Purdue gloomily concludes,
the last war ended, that the worst
o on ”
SINCE WAR BONDS (E, F and G) were first issued two years ago last month, 700 million dollars worth of them have been cashed in or 4 per cent of what has been sold. Much of this cashing-in was done at tax payment time and with pay-as-you-go starting shortly, there should be fewer excuses for not holding the bonds until maturity. 8 5 » A FEED MILL at Hammond has been leased by Farm Bureaus in Indiana, Illinois, Wisconsin and Michigan. Farm Bureau has sold feeds under its own label for years but they were milled by privatelyowned companies following Farm Bureau formulas. Other ventures include an oil compounding plant, fertilizer factories, refinery and this year the Farm Bureau took over two lumber mills in the south.
2 o o
ODDS AND ENDS: Philip D. Block, founder and chairman of Inland Steel's executive committee, left an estate worth nearly $2,000,000. . . Persistent reports say civilian food allotments are due for a slash. . . . The British Woolworth branch has halved its dividend] (means $1,000,000 less for F. W.| Woolworth Co. over here), Delaware Machinery & Tool Co. of Muncie has received Defense Plant Corp. authority for a $350,000 plant
Stock of Continental Steel] go oq
Corp. of Kokomo, selling around $27, is at a new high for the year. . «+ . Sherwin-Williams will build paint plants in Mexico City and San Paulo, Brazil, costing $1,000,000 each.
Incorporations
General Inventions Corp.,, Rochester, Minn ; registration of trade-mark ‘Cradle Heel,” class 38; clothing. Mortgage Investment Co, dissolution. Harry Pedler & Sons, Inc, solution. Gottschalk Supply Co., Berne; articies accepting Pr on of general corporation act of 18929; 200 shares of $100 par
value, The Burk Corp. of Indiana, 1511 Mer. chants Bank bldg, Indianapolis; agent, Jacob 8. White, same address; 1400 shares of $100 par value; to operate chemical, medicinal, industrial and other laboratories; Edward J. Boleman, George C. Forrey III, Eileen M. Scanlon. The Kelling Nut Co., Illinois corporation; admitted to Indiana to manufacture candy, bakery goods and food products of all kinds. Construction Equipment Co. of Indiana, Ine, Indianapolis; change of address to ¢,0 Ready Mixed Concrete Co, Albany, and change of agent to Will Sosthein, same address, Southern Indiana Sweet Potato Cooperative, Inc, Poseyville; 5000 shares common stock nf $10 par value and 1000 shares preferred of $25 par value; Horace Price, Geo, J. Hix, James K. Grigsby and others. Ambrose & Co., Denver, Colo. ; registration of trade mark “Richlieu,’”’ class 48: vinous, spirituous and alcoholic liquors. American Rock Wool Corp.,, Wabash; change of address to suite i511, Merchants Bank bldg, Indianapolis, and change of agent to Jacob S. White, same
Co, Illinois articles of
Indianapolis;
Elkhart; dis-
New R.
L. Fish Furniture corporation; amendment of incorporation. Land O'Lakes nesota corporation; of incorporation.
Creameries, Inc, Minamendment of articles
Campbell Box and Tag Co, South Bend; articles accepting provisions of 1929 corporation act; 750 shares common and 1000 shares preferred stock of $100 par value. Goshen Veneer Co.,, Goshen; articles accepting provisions of 1929 corporation act; 600 shares preferred and 1500 shares common stock of $100 par value, , Suite 1511 , Indianapolis; agent, Jacob 8. , same address; 10 shares of $100 par value: to manufacture all kinds of electric wire; Kenneth R. Gregory, H. G. Yost, Pyle. Paranite Wire and Cable Corp., Suite 1511, Merchants Bank bldg., Indianapolis; agent, Jacob 8S. White, same address; 10 shares of $100 par value; manufacture all kinds of electric wire; Kenneth R. Gregory, BH. G. Yost, T. W. Pyle. N R. B. M. Mfg. Co.,, Logansport; fon.
Merchants
dissolu-
SA \ YOUR SAVINGS INSURED
By Agency of U. S. Govt.
UP TO $5,000
® ASSETS OVER $4,500,000.00
BUY WAR BONDS AND STAMPS
UNION FEDERAL SAVINGS AND LOAN ASSN.
Member Federal Home Loan
| Good to choice
despite labor's position that if
between the money the public
HOG PRICES SAG 10 T0 25 GENTS
Porkers Weighing 200-210 Lbs. Bring $14.15 Top; 13,800 Received.
Prices on hogs dropped 10 to 25 {cents at the Indianapolis stock{yards today, the food distribution [administration reported. The top for 200-210-pound porkers sagged to $14.15. Receipts included 13800 hogs, 1500 cattle, 725 calves and 950 sheep.
HOGS (13,800)
120- 140 pounds ....co0nnnn 140- 180 pounds 160- 170 pounds 170- 200 pounds 200- 220 pounds 220- 240 pounds 240- 270 vounds 270- 300 pounds 300- 330 pounds 330- 380 pounds Medium-—-160 200 pounds Packing Sows
Good to cholce— 270- 300 pounds 300- 330 pounds 330- 380 pounds 360. 400 pounds
$12.25613.28 13.00@ 13.90 13.906 14.05 13.056 14.10 14.0041 14.15 13.0562 14.10 13.0041 14.08 13.833 14.00 13.80% 13.90 13.806 13.90
12.35@ 13.35
13.18@ 13.25 [email protected] [email protected] 13.006213.10
[email protected] [email protected]
“400- “480 pounds 450- 500 pounds Medium 250- 550 pounds Slaughter Pigs Medium and Good 90- 120 pounds CATTLE (1350)
Cholce— 700- 900 pounds 000-1100 pounds 1100-1300 pounds 1300-1500 pounds Good 700- 900 pounds 800-1100 pounds 1100-1300 pounds 1300-1500 pounds Medium-— 700-1100 pounds 1100-1300 pounds Common— 700-1100 pounds
13.50@ 14.50 [email protected]
Cholee— 600- 800 pounds 800-1000 pounds Good 600- 800 pounds 800-1000 pounds Medium— 500- 900 pounds [email protected] Cammon 800- 000 pounds . [email protected]
Cows (all weights)
[email protected] [email protected] [email protected] 14 23315. 25
Medium haan Cutter and COMMON .ovvovnes Canner trbiies Bulls all welghts) (Yearlings Excluded)
13.25@ 14.00 13.006@ 13.75
[email protected] [email protected]
sage Good (all weights) Medium Cutter and common
CALVES (125) Vealers (all weights)
[email protected] Common and medium [email protected] cull (15 lbs. up) [email protected] Feeder and Stocker Cattle and Calves Steers Cholce—
500- 800 pounds .....ciinniens 14.75@ 15.78 800-1050 pounds shana 14.50@ 15.50
14.78
500- 800 pounds ....... cerns 14.006 14.59
800-1050 pounds ...eevvnevees 13.75
Medium-— 500-1000 pounds . Common 500- 800 pounds Calves (steers)
Good and Choice— 500 pounds down Medium — 500 pounds down
Calves (heifers)
Good and Cholce— nS Sounds down [email protected] Medium— 500 pounds down 12.75@ 14.50
SHEEP AND LAMBS (930)
Ewes (shorn) Good and choice . Common and choice . .00
Spring An Good and choice ...... . 1 Medium and good 11, oo@l
LOCAL ISSUES
Nominal quotations furnished by Indl. anapolis securities dealers. Bid SREY Agents Fin Corp com ........ T% Agents Fin Corp pfd Belt R Stk Yds com Belt R Stk Yds 6% pfd Bobbs-Merrill com .. . 8 Bobbs-Merrill 4%% pfd ...... 0 Circle Theater com Comwlith Loan 57% pra Hou: Drug Co con 1 Home T&T Ft Wayne T% pid 51'% Ind & Mich Elec 7% pfd ....111 Ind Asso Tel 5% pid Ind Hydro Elec 7% Ind Gen Serv 67% Indpls P & L 5% %% *Indpls P & L com *Indpls P & L Indpls Water pf 10 Indpls Water Class A com ... Lincoln Loan Co 5% pfd Lincoln Nat Life Ins com 3 *N Ind Pub Serv 5'2% pl ae *N Ind Pub Serv 8%. ‘ae ! *N Ind Pub Serv 7% pid. P R Mallory com Progress Laundry com........ Pub Serv of Ind 57% pid Pub Serv of Ind com So Ind G & E 48 Stokely Bros pr pic United Tel Co 5% Union Title com Van Camp Milk pfd “et Van Camp Milk com ...... Bonds Algers Wins'w W RR 4%%... American Loan = o 97 American Loan Cent Newspaper pie 43-51 . Ch of Com B as $< Co Seo ss Citizens Ind Consol
[email protected] [email protected]
ELL EE
15.00@ 18.50 [email protected]
50 5
4 3.50 2.25
I Indpls P Indpls Railways Co. 5s 67 .... 7 Indpls Water Co 3'.s 668 Kokomo Water Works 5s wr Kuhner Packing Co 4s 49 | Morris 5&10 Stores 5s 50 Muncie Water Works 5s 66... N Ind Pub Serv 3%s 69 ....108
Richmond Water Wks 5s 57.. Trac Term Corp 5s 57 U. S. Machine Corp. 5s 52
*Ex-dividend.
LOCAL PRODUCE
Heavy breed hens, 24i3c; Leghorn hens, C.
wRrolers, fryers and roasters. under 8 Old roosters, 18e¢. Eggs—Current receipts, 54 Ibs. and up, G. Graded rade A large, 38c; grade A medium, 36¢; grade A small, 26¢c; no grade, 32c.
Butter—No. 1, 50c. Butterfat—No. 1 : No. 2, 46e.
te nA
lenses, binoculars, else in the world. work. Upper left, for thickness, from the molten mass,
American Le
The ancient myth that only Germans can make fine optical intsruments has been exploded by American men and women turning out gunsights, prisms, telescopes and other delicate instruments that surpass anything made anywhere Here are graphic pictures of the optical pressings are inspected Pressings often take 10 days to cool Upper right, rough lenses
SR Sa 5 a
are cut down to
well plant,
THE INDIANAPOLIS TIMES
ns Makers World's Best
with rough abrasives. are used in this battery of 15 polishing machines. Lower right, finished lenses are tested. haustive tests with old sheets and broadcloth shirts, it was found that eld diapers carefully washed and dried in hot filtered air made best cleaning rags. The scenes were taken in the Minneapolis-Honey-
approximate size in first grinding, Lower left, finer abrasives
After ex-
. OTIS & GO, JOINS
.+(16C RAIL HEARING
Expect Agency to Sidestep Issue of Competitive Bidding.
WASHINGTON, July 6 (U. P.) — The interstate commerce commission has authorized the investment firm of Otis & Co. to intervene in the application of the Pennsylvania, Ohio & Detroit railroad to issue $28,483,000 in first and refunding mortgage 3% per cent bonds but has indicated it will again sidestep the question of competitive bidding. A hearing on the road's application is to be held Thursday in Washington. Authorization to intervene was granted Otis & Co. on the grounds that it was a stockholder in the Pennsylvania railroad, parent company of the P. O. & D. Similar sanction was denied Halsey, Stuart & Co. Inc, Chicago, because that road was not a Pennsylvania stockholder. Loan Oversubscribed Both firms had protested award of the bonds late in June to the New York banking house of Kuhn, Loeb & Co. on a private bid, alleging that the Pennsylvania had made no attempt to secure competitive bids. Shortly after the bonds were awarded to Kuhn, Loeb & Co. the firm offered the issue publicly subject to ICC approval. The loan, largest rail offering since February, 1941, was quickly oversubscribed. The latest ICC order allows Otis & Co. to intervene “without the right, however, to broaden the issues inherent in the application of the applicants herein.”
Sierra Pacific Power Co. 12 months ended May 31, net income $1,192,264 vs. $1,154,213 previous 12 months.
NEW YORK, July 6 (U.
firms. In a statement to stockholders, ern Union, stronger and more progressive telegraph system.” He said he believed “the acquisition offers advantages to all groups concerned, including ultimate improvement of the stockholders’ investment, better service to the public and protection to the employees.”
Benefits Cited
The merger will eliminate “the present uneconomic duplication of services and unnecessary waste . . and not the least important, after the integration of the two properties has been completed and certain economies effected, Western Union expects to be able to make something worth while out of the
Postal annual revenues.” In 1942, Williams pointed out, Postal revenues were $22,000,000 and Western Union's $123,000,000. At their meeting stockholders of Postal are to be asked to vote also
solution of their company. “Competition Too Stiff”
William J. Deegan, president of Postal, told stockholders in his letter that “it has been evident for some years that Postal could not compete effectively with the long distance telephone, the telegraph services and telephone companies and the air mail , , , and at the same time compete effectively with Western Union. “We believe that when consolidation has been effected, substantial benefits will accrue to the merged business, to the employees and, by virtue of their equity in the merged enterprise, to the existing Postal shareholders.”
WASHINGTON, July
pipeline from a Canadian field, and it has plans for increasing refining capacity in South America and in the Persian gulf and Mediterranean areas. Harold L. Ickes, petroleum administrator for war, said recently that the United States was about to become an oil importing nation. Mr. Ickes, with considerable congressional support, and the backing of the entire oil industry, has been trying to convince the OPA that crude oil prices must be increased so as to stimulate drilling for new sources of oil. Thus far the OPA has refused a general increase. It has boosted prices in some fields, and has suggested the federal subsidization of wildcat drilling.
‘California Weakest Spot’ Senator Elmer Thomas (D. Okla.), chairman of the senate subcommittee on war department appropriations, spoke of the threatened oil shortage when Lt. Gen. Brehan Somervell, chief of the
Bank System J 160 E Market LI-1471 %
llland must be supplemented by oil|million Lp by o
services of supply, was before the subcommittee, Gen. Somervell told Thomas that “California is the weakest oil producing spot in the United States,
U. S. May Be Oil Importer: Crude Shortage Predicted
By MARSHALL M’'NEIL Times Special Writer 6.—The war department believes a shortage of crude oil is impending in this country and therefore is planning to rely more heavily on the petroleum reserves of other united nations, 3 estimated at 31 billion barrels (approximately 11 billion barrels more than the proven reserves of the United States). The department is already supplying troops in Alaska through a
the nearest fields which can supplement this production are in Colombia and Venezuela. “Production in excess of refining facilities in Colombia and Venezuela is available, and this production can be maintained over a period of at least two years, with a very small expenditure of steel. Pipelines and port facilities ave available in both countries. “Large quantities of crude oil are available in the Iran-Irag-Kuwait-Saudi-Arabia areas. Production from these fields, over and above present refining facilities, is available and justifies an increase of at least 200,000 barrels in refining facilities in the general Persian Guilf-Medi-terranean area. It would require a comparatively small amount of additional drilling to maintain this production. . » Gen. Somervell gave the following estimates of crude-oil reserves to the allies: Continental United States, 20 billion ‘barrels; Persian Gulf, 16 billion; Russia, 81% billion; Venezuela, 5'% billion; Mexico, 675 million; Colombia, 500 million; Trinidad, 240 million; Peru, 160 million; Canada, 135 million; Burma, 100
urged approval of the merger Which he said
upon a charter amendment for dis- ||
Stockholders to Vote On Telegraph Merger Aug. 10
P.) —Stockholders of Western Union Telegraph Co. and the Postal TelegraphAug. 10 to vote upon the proposed merger of the two communication
Cable Co. will hold special meetings
A. N. Williams, president of West-
“Will mesn & mean a
RAIL JAM PERILS WHEAT LOADING
Shortage of Cars, Heavy Movement of Last Year's
Grain Blamed.
CHICAGO, July 6 (U. P.) —Railroad officials said yesterday that shortage of railroad cars to move wheat from grain producing states will become serious this week unless loading efforts at terminals prove successful during the three-day holiday. “The present crisis is due largely to heavy shipments of last year’s grain from country elevators to major terminals,” said one official. ‘So far only a relatively small amount of the new crop has been shipped.” Atchison, Topeka and Sante Fe railway officials said wheat loadings are only about 60 per cent of normal, with only 1300 cars loaded by the line so far this year. The normal load at this time, they said, is about 2000 cars. Lighter loadings were attributed to shortage of A-1 boxcars.
Shortage of Manpower
The Rock Island road reported loading 7506 cars of grain from June 1 to July 1 compared with 5377 in the same period a year ago. The bulk of loadings this year, officials said, was last year's crop coming from country elevators. At Kansas City some congestion of grain cars was reported, due to the shortage of manpower to handle unloading. In addition to the shortage of workers, railroads report that heavy shipments of war materials have necessitated additional sidetracking. Both war shipments and increased passenger traffic have imposed a heavy drain on motive power, many roads reported.
Kroger Grocery & Baking Co. 24 weeks ended June 19 sales $194,838.044 vs. $167,081,031 year ago, up 16.6 per cent.
the present|U
COOKER OUTPUT WILL BE LATE
Production May Be Delayed Until Canning Season
Is Virtually Over.
WASHINGTON, July 6 (U, P).— Inability of the war production board to divert the necessary oritical materials to manufacturers will delay production of pressure cook-
ers until the canning season is virtually over, it was learned yesterday. This was in contrast to optimistic earlier reports that sufficient pressure cookers would be available for victory gardeners. Now, it appears, only 86 per cent of the 275,000-cook-er goal will be ready by Sept. 1. The agriculture department now plans to give preference in rationing the cookers to groups rather than to individuals.
Southern Canners First
WPB estimated that only 47,000 cookers would be in distribution by July 1. Delivery of 86,000 had been
hoped for. Southern canners received the first of the new war-designed cookers, according to the agriculture department. Distribution will progress northward as crops mature. Rationing in rural districts is in the hands of county farm transportation committees of the agriculture department, They have been urged to issue purchase certificates first to group canners or to individual canners whose output would be large. Except for that stiuplation, rationing of cookers is a matter of local determination,
No State Quotas
City canners will receive purchase certificate from subcommittees of the county farm distribution committee established for this purpose No state quotas have been set by the agriculture department, manufacturers’ normal distribution lists having proved to be approximately what the government agency would have stipulated. A small supply is being held in reserve, Most of the cookers being manufactured from allocated materiais are seven-quart jar capacity. A much smaller percentage are 14quart jar capacity.
N. Y. Stocks
Net low Close Changs Allegh Corp .... 2% Allied Chem ... Allis-Chal ‘ Am Can ....... § 80 Am Loco ..... 15% Am Rad & 8 B 1 vee Am Roll Mill .. 16Ya La Am T&T ....18 155% 8a Am Tob B .... 63 12 Am Water W .. 8% Anaconda . 27% Ya Armour Ill .... 5% « 1a Atchison 587s 3a Atl Refining . 26% Va Balt & Ohio .. 82 Va Beth Steel Borden Borg-Warner .. Bdgprt Brass ..
Tn 4+ Ya
16114 42Y
Chrysler Cmwlith & So . Cons Edison ... 4 Cons Vult Aire 18 Corn Prod 583 Dome Mines Douglas Aire
East Elec Johns-Man .... Kennecott Kroger G & B L-O-F Glass ... 4 Minn Hny Monsanto Nash-Kelv Nat Biscuit ....
« 87'2 Le. 140% +. 165% . 39 86'2
Nat Cash Reg .. Nat Dairy .... N Y Central .. 1 Noblitt-Sparks . §
Phelps Dodge . Procter & G .. Pub Serv Pullman Pure Oil Radio ‘i ‘a Sears Roebuck. Servel Inc ‘e Shell Un Oil . Std Brands Std G Std O
Std Oil N J ... Studebaker Texas Co Timken R B .. Un Air Lines .. ?
Westing El ... Woolworth .... Wrigley Yellow Tr .... Young Sheet .. Xenith Radio . 35'%
167% 39's 35%
30% 35'%
Complete New York stock quotations are carried daily in the final edition of The Times.
DAILY PRICE INDEX
NEW YORK, July 6 (U. P).— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100):
Saturday «17047 WEEK ABO civiicissininesses170.00 MOnth ABO ....civissnsvives: 19045 Year Ago 1943 High (April 2) .....
Sas se sterner a
ceee 17240
1943 Low (Jan. 2) ..........16661
—
prudent driver.
1740 N. Meridian St.
YOU-
are hearing a lot of talk these days about the new Indiana Financial Responsibility Law.
The Law is aimed at the reckless and irresponsible driver — for the protection of the careful,
For full particulars—how to meet the requirements of the Law—and without obligation
Phone WA-2456 Grain Dealers Mutual Agency
INCORPORATED
Indianapolis
, | Receipts
‘a. | Public debt
Farm Repair
Still Big Job
CHICAGO, July 6 (U. P.) ~The Federal Reserve Bank of Chicago reported today that Midwestern farmers still face a heavy task of repairing or replacing farm machinery, buildings and fences devastated by spring floods. The bank, reporting on farm conditions during May, said the floods also had dislocated 1043 planning schedules, “With rains twice the normal volume coming just at corn planting time, farmers in the affected areas were set back weeks,” the report said. “The delay was serious not only because it postponed soy bean planting and other farm operaations, but also because of the increased danger of frost before the crop can mature in the fall,” the bank said. The report said the most severe damage from the floods had been suffered in southern Illinois, Indiana and Missouri,
NEW UNEMPLOYMENT BENEFITS IN EFFECT
Additional amendments to the Indiana employment security act become effective July 3, 1943, Col. Everett L. Gardner, division director, said today. The unemployment compensation program affects more than 11,225 Indiana employers and approximately 1,600,000 individuals. The amendments increase the maximum weekly benefit amount from $16 to $18 and the maximum duration of benefits to 18 weeks. the amendments also simplify the basic benefit structure, thereby reducing to a minimum employer reporting under the act and speeding the payment of benefits to eligible unemployed workers. Col. Gardner pointed out that only 3003 individuals received unemployment insurance checks in the week ending June 26, 1943, and compared that number with the 49,000 individuals receiving job insurance in the spring of 1942 during the “war conversion” period.
RYE LEADS FUTURES UPWARD AT CHICAGO
CHICAGO, July 6 (U, P).—Rye led an advance in grain futures on the Board of Trade today scoring gains of as much as 2'%% cents a bushel. At the end of the first hour rye was up 17% to 2'4 cents, wheat up 2 to 3%, and oats up 5% to % Action by the senate agricultural committee to advance corn prices as much as 33 cents a bushel gave a bulliish tone to markets today. In the wheat pit some hedge selling and liquidation by cash interests took place on the rise.
MURRAY ADVOCATES CORN CEILING RAISE
WASHINGTON, July 6 (U. P.).— Senator James E. Murray (D. Mont.), chairman of the senate committee on small business, advocates withdrawal of the government support price on hogs and raising the celiing price on corn as a means of thawing a virtual “freeze” of corn trading. “Since present prices are considerably higher than the $13.75 government support price, there is no longer any need for a floor price,” Murray contended in a formal statement. He urged raising the price on corn “to curb its excessive consumption by hog producers.”
U. S. STATEMENT
WASHINGTON.,. July 6 (U., P.).—Government expenses and receipts for the current fiscal year through July 3 compared with a year ago: Last Year
This Year $ 744,416,920 $ 606,643,950 542,931,168 461,061,789 125,199,984 102,993,438 619,216,936 503,582,661 9,050,000,538 2,053,683,108 2,191,251,526
8,287,330,001 ..140,985,737,969 77,490,107 214 22,738,804,143
. 22,387,565,420 INDIANAPOLIS CLEARING HOUSE
Expenses ... War spending
Net deficit .. Cash balance . Working bal, .
Gold reserve
. Clearings
Debits 16,200,000 WAGON WHEAT Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.46 per bushel for No. red wheat (other glaats on thelr merits), Nu. 2 white oats, 60c, and No. 2 red oats, 60c; No. 3 yellow shelled corn, 97¢ per bushel, and No. 3 white shelled corn, $i. he
Merchandise
a =n Lux Laundry
for Better Service
Phone BR. 5461
TUESDAY, JULY 6, 1943
ALUMINUM SEEN , AS NO. 1 METAL
Experts Predict New Uses In Post-War Will Create k Many Jobs.
By JOHN LOVE Times Special Writer CLEVELAND, July 6.—For thoue sands of end-of-the-war jobs, look to aluminum. Look for it to pass copper and take its place as this country’s sece ond metal, next after iron and its alloys, Dr. Zay Jeffries of General Elegs tric, Qleveland, the internationally prominent metallurgist, make what he called the “reasonably certain” forecast that the light metals will move into second place both In tonnage and value, He is less sure when this will occur, because it dee pends on many unknowns, including the nature of the peace.
Catching Up With Copper
Roy Fellom Jr. of San Francisco and Chicago, editor and publisher, of the new magazine, Light Metal Age, says he not only has no doubt aluminum will move into second position, but believes it will ultie mately be the first metal, Aluminum, as a matter of fact, won't have far to go in production capacity to catch up with copper.» By the end of 1943 this country will be able to turn out 1,050,000 tons of aluminum a year, and Canadian capacity will bring the amount available for the United States war program to 1,250,000 tons. In normal years the American copper industry has produced around 1,000,000 tons of new copper, but it has been adding to its capacity. Copper will still be ahead of alumninum's ca=pacity next year. Zinc and lead trail behind.
Chief Use in Transportation
How much employment aluminum and its companion, magnesium, will provide after the war depends on how they are utilized. To the exe tent they take the place of other metals, their addition to America’s
industrial activity will not be net, «
but the history of every new and useful material has been that it enriched American life and expanded the total employment. Dr. Jeffries and Mr. Fellom, like executives of the aluminum induse try, expect its chief use to be in transportation—aircraft, railway and automobile. The air, Dr, Jefe fries tells me, will be the industry's biggest field for a long time. He also thinks aluminum and magnesium will be used in the upper parts of buildings and ships. Among other new outlets he mentions wine dow sash, window screens, pipe, packages, and many uses in the electrical industry. The nonrusting aluminum window screen was brought out just before the war but never had time to go far.
Forecast Lower Prices
Mr. Fellom expects the railroads will turn to the use of aluminum in a bigger way after the war, pars ticularly for passenger equipment and cars to haul coal, sulphur and the like. He alluded to Henry Kaiser's current effort to interest three railroads in the future use of magnesium in cars. The current issue of The Index, published by the New York Trust Co., says the light metals will have a market “wherever there is mass in motion.”
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The scarcity of “this and that” has produced a big de mand for those no-longer-wanted articles about your home—you can sell them for big cash prices.
RI-555]
BUSINESS DIRECTORY
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SAXOPHONE sf 25 Per
Instruction PA INDIANA MUSIC CO.
115 E. Ohio St.—FR-1184
of MOTH ROLES BURNT WORN SP
LEON ‘TAILORING CO.
235 Mass Ave, 5 1h Middle of
SAFE DEPOSIT BOXES)
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{as (NTL AT OUR USUAL LY
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IVT] LE
You Save Because We Save Men's Suits & Overcoats
16” *18” *21™ *24™ CASE CLOTHES
215 N. Senate Ave, Open 9to §
FUR COAT STORAGE | Phone FRanklin 2581 $
For Bonded Messenger
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