Indianapolis Times, Indianapolis, Marion County, 25 August 1943 — Page 15
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CHISELING CANNING
‘Unscrupulous Tomatto Canners and % Farmers Chiseling on Armed Forces
FACTORIES ARE BUYING) - from unscrupulous farmers tomatoes-destined for the armed forces and making tomato juice, catsup, chili sauce and other|.
tomato by-products which they can sell to civilians at a bet-
ter profit.
That charge was made yesterday by an army biter who told the Indiana agriculture war bdard, men responsible for
the war food program in the state, that something should be done about it. Consequently, a wire was sent to Washington|
‘asking if some “crackdown” couldn't be made on the offending canning factories and the farmers who are breaking their
contracts. Here is the way this newest ‘*black market” works. To begin with, the canning factories have contracts with farmers to buy their tomatoes. Prices are $16 a ton for No. 2, $26 for No. 1 or a flat price (with tomatoes unsorted by grades) of $22. Just -as- the tomatoes began to ripen, at least two canning: factories began “raiding” the farms where other canning : factories’ had contracted to buy the i tomatoes. - «They offered as high as a ton (but then they classed a lot of the tomatoes as culls after the farmer had hauled them to the factory). ‘It takes much less work to process tomatoes into such by-products as catsup than to peel them and
can them whole. Thus, labor costs
are lower and profits larger. Another bit of chiseling reported is being done by a Chicago concern that is buying up green or “pink”
. tomatoes to sell for slicing. These
4
y,
kt is
oo.
tomatoes, going to civilians, were contracted for by canning factories who have government contracts. Not only is the army complaining but so are the big packers like
. Louden, Snider, Heinz and Camp-
bell Soup. They can’t compete
against such practices.
#2 8 8 THE MERGER of Best Foods and Hecker Products, which owns the Shinola shoe polish factory here,
,+ boosted profits of the company, now * called Best Fools.
Hecker had already owned Tl per cent of Best Foods stock and this year bought the remdining 29 per cent which was owned by General Foods. Net income was $2,460, 000 against only $660,500 the year before. Its
JRroducts cover a wider range now
~—flour for bakeries, H. O. Cereal, Farina and Force. The old twist is that a company named “Best Foods” should be selilng shoe polish
i
. LIVING COSTS in Indianap- * olis fell 2.1 per cent in July, the national industrial conference " board reports. The U. S. aver- : age was 1.2 per cent. . 2 8 8
~ ODDS AND ENDS: Bridgeport {Brass Co. will pay its regular $1.37% quarterly dividend on its preferred stock and 25 cents on the common Sept. 30. . . Trade reports say | that stores are cautious about buy‘ing rayon stockings, furniture with
‘wooden springs and other “victory”
model goods, fearing they may be stuck with these things by an early end to the war. . . . Indiana now
has an oil tanker named in its
Ad
’
He 215 N. Senate Ave.
‘honor; it was built by Sun Ship‘building for the Texas Co.
Du Pont has a new glue which it it claims will keep a cardboard box
from falling apart although sub-
* .gnerged in water 24 hours.
] RAIL TRAFFIC HEAVY ~ American railroad passenger traffic was 137 per cent greater in 1942 than in 1939, and the volume of Areight carried was: 91 per cent greater, : ak
—
URGES BETTER LABOR POLICY
Crawford of N. A. M. Tells Employers Attitudes
Are Mistaken.
FRENCH LICK, Ind. Aug. 25 (U. P.) —Frederick C. Crawford of Cleveland, president of the National Association of Manufacturers, be-
lieves it essential that employers cultivate better relations with employees through intelligent leader-
1 ship.
- Crawford told a NAM-sponsored institute of employer-worker relationships last night that employees should be convinced. that business should be conducted by management ‘and that only by increased production could higher and more wages be gained. The industrialist said that workers should realize that wages over a period of time total more than the actual value of the business which employs them, but it was the duty of management to see that income was distributed fairly.
“Keeps 12 Per Cent”
“1t is a true fact that in this country, management distributes 88 per cent of its take-in income to workers, with five per cent to owners and the remainder plowed back into business,” Crawford said. “I have never in my life found a worker who did not agree that a 5050 split between the old gold prospector and the grub staker was fair,” he said. “And American industry splits it 88-12.” * Crawford said that labor believed that management received enormous salaries, but that the highest paid manager retained little more than the amount paid to 10 common laborers annually. He asserted that labor held similar views toward stockholder incomes.
‘Kill oft Rumors’
He added that the worker felt that his relationship with manage-
*. |ment was that of a ‘“cat-and-dog
scrap,” whereas “modern industrial management is labor.” “There is but one difference between ‘management and labor,” Crawford *said, “and that is that management has the. responsibility for perpetuating the business and therefore must make decisions which affect the life of the business.”
He recommended that every fac- Am
tory should have a “vice president in charge of human relations” because workers have been confused. He also suggested that manage-
ment keep the employee informed au
of plant activities. “Kill off rumors, show him financial statements and discuss the business with him,” Crawford advised the industrialists.
LITTLE USE TO TREES
Heartwood is usually of little use to, the living tree, as it is composed of dead cells.
BUSINESS DIRECTORY
Merchandise
FUR COAT STORAGE | Phone FRanklin 2681 $
Messenger MARILYN FURS
" 20 E. OHIO ST. UB 38
—
and Service
WASTE PAPER
AMERICAN PAPER STOCK COMPANY RI 6341 320 W. Mich.
You Save Because We Save Men's Suits & Overcoats
16” 18" 217 2 75
CASE CLOTHES Open 9.to 9
WE Buy Diamonds
HIGHEST CASH PRICES ° PAID
STANLEY Jewelry Co.
1183 W. Wash. = Lincoln Hotel Bldg.
USE YOUR CREDIT at SEIN 2 i
COMP
[(( VIED
wed
LOTHING IB
: Yours Sheet of 95
sresier threat at low ceilings also.”
| THE INDIANAPOLIS TIMES. _ Rolls-Royce Engine Improved
_. This improved Rolls-Royce aircraft engine which provides nerensed power and altitude for the army’s sensational P-51 Mustang fighter has been in production for three months at Packard Motor Co. The chief improvement is a two-speed, two-stage supercharger that provides more air for the engine at high altitudes, George T. Christopher, Packard president, said. “In effect, his new engine raises air warfare nearly two miles higher,” Christopher added. - Horsepower is stepped up to better than 1500,” he said, “and the engine not only yields benefits at high altitudes, but its improved performance makes it a
GRAIN FUTURES OLIMB FURTHER
Damage to Corn Sets Off Wave of Buying of
Coarse Grains.
CHICAGO, Aug. 25 (U. P)—A strong tone prevailed in grain futures on the Board of Trade today. Rye led the advance and September’
oats climbed to new seasonal highs. At the end of the first hour rye was up % to 1% cents a bushel; wheat up % to %, and oats up % to %. In the September options rye was up 1% to 1% cents from the previous $1.00% @1.00%; wheat up 5 to % from $1.44% @1.44%, and oats up % from 72% @72c. The less favorable government weekly crop summary revealing considerable damage to the corn crop induced a wave of buying in coarse grains.
N. Y. Stocks
Net High Last Change Allegh Corp ... Allied Chem
++: ++
& T ....155 Am Water W . Anaconda Armour Ill ... Atchison
& Op Beth Steel 7 pt ren Bork-Warner . 33% Boston & Me .. Briggs Mig ... Case J I
Iibbbbkl 4]
Cons Ednson .
Gen Electric '. Gen Motors . Goodrich Goodyear .... Int Harvester . Int Nickel ... Int T&T Johns-Man . Kennecott
DHE +1:
DHE
v
Nat Cash Reg . Nat Dairy .. N Y Central’ Ohio Oil .... Packard
US Cypsm. pt. 177% US Lines pf .. 9 Us Play Card. 40 U 8 Realty . West Air * Bke. . Young Sheet ..
FF +14 HF bb FE HE
FER FEE
1% 21Y, - 13% 94% Zenith Rad «eo 31% 31% 31%
Natomas Co. June quarter profit $8,498 vs. $171,986 year ago.
+h: Fa
San Francisco’ s Free Fruit . Market Proves Big Success
SAN FRANCISCO, Aug. 25.—Free traffic in fruits and vegetables may be the answer to price control of those commodities, judging by the success of the Free Farmer’s Market here. ' Pears, potatoes, peaches, carrots, peas, cabbage, even cantaloupes, were rotting by the hundred tons in California because regular market channels could not handle them.
Shortage of trucks, cannery workers, cold-storage space and packing boxes all contributed to a breakdown in distribution. While this food wasted in orchards and fields, housewives found they could not afford to buy the high priced produce ‘that did make its way to market. Then, indirectly, the gas shortage forced a solution. Pear growers near San Francisco asked the city’s Victory Garden
‘| Committee to help dispose of their
115 tons of fruit, at four cents a pound. Announcements in the press sent a stream of motorists to the orchards 30 miles away, but when growers 20 miles further asked aid the committee pointed out that “A” gas wouldn't stretch that far. On busy Market st., San Francisco’s main artery, John G. Brucato, Victory Garden committee chairman, found a vacant lot. Farmers were invited to drive in with their wares and San Franciscans were told to “come and get it” at farm prices, There were no stalls, no market squares, no plan, no official backing. But the first morning, seven trucks drove up and were mobbed by a clamoring crowd. Farmers couldn’t gather in the money fast enough. They sold 50, 100, even 200 lugs of fruit within a few minutes. Truckloads of apples went as fast. The trucks increased in number each day, until in less than a week 25 trucks were arriving during the early morning, offering in wholesale lots crops that ranged from the surplus ‘pears to potatoes, apples, tomatoes, peaches, cucumbers, watermelons, cantaloupes, celery and cabbage. The San Francisco Chamber of Commerce then set up a “distress crops committee” aimed at urging the marketing of surplus food through retail markets. They began with a plan to dispose of a million
2 pounds of surplus potatoes from the
nearby Stockton area in San Francisco stores.
Result of both moves: Fruit
prices in groceries began to drop|
under the impact of farmers’ com-
4 | petition, and low-grade fruit which
grocers considered uneconomical to handle, although it was good for
% | canning, was brought into the city
in larger quantities than ever before.
SYNTHE¥C RUBBER P UNDER WAY
BEAUMONT, Tex. Aug. 25 (U. P.) —The biggest plant scheduled in the nation’s synthetic rubber program, “Rubber Rancho Grande” with an annual capacity of 120,000 tons, started production today at nearby Port Neches. The plant, built by the B. F.
% Goodrich Co. for the government,
comprises four units of 30,000 tons annual capacity. Goodrich will operate the first two- units.
DAILY PRICE INDEX
NEW YORK, Aug. 25 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Yesterday «.....cei000...171.02 Week ago tesessnees essa 110.00 Month 880 ....cetee000..170.55 Year ago ........ sssenes+19T:39 1943 High (April 2).......17240
1943 Low (Jan. 2)........16661
IN BRITI—E=
The National Liyestock and Meat council said the armed forces and civilians may face a “serious shortage” of beef next winter and spring because Midwestern farmers “lack faith in the government’s meat program” and are not buying Western
cattle for fattening. In July 30 per|Good—
cent fewer feeder cattle and calves were shipped in the eight corn belt states than during July last year, the council said. 2
ECLNE AGAIN
| Top'ls $15.10 as Weights
Over 160 Pounds Fall 10 Cents Here.
Hog prices declined again today at the Indianapolis stockyards, the food distribution administration reported. Weights 160 pounds and up ‘were 10 cents lower than yesterday while lighter weights were unchasiged. The top was $15.10 for good to choice 200 to 210-pounders. : Receipts included 6075 hogs, 1025 cattle, 550 calves and 2400 sheep. HOGS (6075)
120- 140 pounds 338sazseens of) .25 42 140- 160 pounds ..11..eii.. 1 160- ry 15,
sssesencsane, ess essen,
a 14. . i 15014. 33
on 1645014. 6 14. 38@14. 45
[email protected] 14.10
« 13 lte13 8 [email protected]
pounds eecssteccee
400- 450 450. 350 550 De settee
i! 250= 550 pounds ...e.c0cen. Slaughter Pigs Mediu 225 [email protected]
Sessveenscee 15.50 16.50
$00000000 000
[email protected] [email protected] [email protected] [email protected]
epenscsssncsee etc sesscsscas Se0ss0t0ene
00 1100 a 1190-1300 § 1300-1500 pound Medium
700-1100 poutids eeesevinncree 1100-1300 200 younds oe
700-1100 100 pounds cevssscssncase Heifers
[email protected] . [email protected]
Choice— 600- 800 pounds Senet sssnnen 800-1000 pounds eset snstan
14.50 14.50
[email protected] 500- 900 pounds eessseseseses [email protected] Common-—
500~ 900 pounds .....ceeeee0q’ [email protected] Cows (all weights)
15.78 15.78
600- 800 pounds cessessenase 800-1000 pounds ... Medium—
Julius Kayser & Co. bought the Sood
capital stock of Nazareth Waist Co., Nazareth, Pa., makers of infants’ and childrens’ knit underwear for more than 50 years. #8 ® New York Central railroad said 5,581,350 persons passed thorugh Grand Central terminal in New York during July, an all-time high. : un 8
WPB said U. 8. production of magnesium castings has more than trebled since Pearl Harbor.
2 ” " Railroad carloadings so far this year are 3.3% under a year ago but more freight is being hauled, the Association of American Railroads announced. Reason: Cars are being loaded heavier and traveling longer distances. Result: Railroad freight revenues are up 21.2%. - 8 2 ” Living costs declined 2 per cent in July, the National Industrial Conference board reported today. 8 Fr 8 x American Viscose Corp. reported it has developed rayon flying gloves
which aviators can keep on while operating instruments instead of
having to remove mittens and runjaase.
the risk of frost-bitten hands, : 2 8 = Lumber production the first half of this year was just half of the revised goal set by WPB. 8" o ODT will establish livestock advisory committees in each of the nation’s 142 ODT districts to work with: local representatives in a program to step up truck transporta-
Bulls (all weights)
: (Yearlings Siiiudet) Bee Soo
Saus:
“ose . [email protected] Good yall weights) esstnes Medium .
« 11 12.50 yuan 1. 9.00
[email protected] 11.50@16.
CALVES (550)
Vealers (all weights) Good to choice
Common and medium Cull (75 lbs. up) 7.50
Feeder and Stocker Cattle and Calves Steers
Cholce— : 500- 800 pounds ...cocescces
poun [email protected] 800-1050 pounds ...
500- "200 pounds 800-1050 pounds Medium— 500-1000 pounds ..cescsscees [email protected]
Common-— 500-900 pounds .i...... sees [email protected] Calves (steers) Good and Choice
essssescsess [email protected] senses [email protected]
um-— 500 pounds down . [email protected] Calves (heifers)
Good and Choice— eoes [email protected]
500 pounds do Medium— 500 pounds down ............ [email protected] SHEEP AND LAMBS ‘(2400)
Ewes (shorn) Good and choice ...cccoceevss Common and choice Spring Lambs
Good and choice Medium and- good Common
LOCAL PRODUCE Heavy breed hens, 24%c; Leghorn hens, under §
6.00@ 17.00 6.00
Broilers, fryers and rosters,
2 old eter, 16e. Eggs—Current receipts, 54 lbs. and up,
Graded Eggi-grade A large, 43c; grade A Sum, 9c; grade A small, I6¢; no " Butter—o. L 0c. Butterfat—No. 1, 49c; No. 2, 46c
WAGON WHEAT Up to the close of the Chicago market today, Indianapolis flour mills and rain elevators paid $1.61 per bushel for 1 red wheat (other grades on ely eran, No. 2 white oats, 69c, and No. 23 red oats, 3 yellow shelled corn, 97c¢ per
tion of meat. this fall and winter.
500 Pounds dOWD ...eesesasee [email protected]
WASHINGTON,
arrangement between the office of companies. The arrangement was described considered usable had been removed from the scrap piles and placed in distribution channels, to determine whether any remaining worn-out tires were usable. Most recent reports on the program, however, were that from 50,000 to 75,000 tires had been withdrawn by several tire dealers from scrap piles and paid for at the scrap price of 20 cents each.
The tires are those that were turned in by motorists last year,
18.08 under government order, or were
turned in during the scrap rubber drive. In each case, the govern5| zient bought the tires for their scrap value, and is reselling them to the dealers at cost.
Run Little Risk
The dealers run little risk on the deal. If the tires they select are worthless as tires, the 20-cent cost can be recovered by their resale as scrap. The dealers’ only other initial investment is in time taken to sort out the tires. If the tires are beyond recapping, but usable as “emergency” tires, they can be sold to the motorists at the OPA maximum price for that type of tire of $l. If the tires are repairable, they may be marketed without the re-
emergency tires—(with an “O” branded in the side)—and at higher OPA ceiling prices.
Saved Four Million
The OPA ceiling prices on repaired “emergency” tires range from $275 to $655 depending on size, with a $3.50 ceiling for the tires that fit the average pleasure car. OPA regulations also define the standards which a repairable used tire must meet as to condition before it may be repaired and marketéed through the normal channels of the used tire trade. When surplus tires were turned in by motorists, to aid the war effort by spreading available supplies, the usable tires—some four million of them—were set aside for resale. Another group of tires—estimated at from one million to two million— were adjudged to be of little value as tires, but. because of the shortage, they were declared ‘“‘emer-
5 gency” tires and marketed at the
OPA top price of $1. The tires are used mainly as spares by the motorists who buy them. Test Extended There remained only scrap rubber, until the office of rubber director a month ago authorized the test to
remained in the piles. ' The test started in Wichita, Kas., and- later was extended to Nashville and other . points, although only three or four dealers engaged in the work, using their own forces to sort the stockpiles. The “emergency” tires originally marketed were sold by the Defense Supplies Corp. for 50 cents—under an OPA regulation—and were mar-
[u.s. sells Soap Tires To Dealers For 20 Cents
By ROBERT TAYLOR Times Special Writer Aug. 25.—~Twenty-cent tires from governments owned piles of scrap rubber are being placed on the market as * ‘| ency” or repaired tires at OPA ceiling prices of $1 and $3.50 under an
gi i
rubber director and tire as a test, undertaken after all tires
er holding a certificate. The salvage dealers working on the scrap piles, however, only 20 cents for the tires and hey can | be marketed at the OPA maximum of $1—or more. ofthis ; It was explained’ by : the test was un ce they wanted to get every usable’ in the hands of motorists, i The experiment was described ‘as drawing to a close, but reports of sales of scrap tires to dealers are being received daily by the Rubber Reserve Corp., which handles sales - under direction of the office of ub. ber director.
LOCAL ISSUES
- Nominal quotations furnished Ly tadisn. apolis securities dealers. Asked Agents Fin COrp COM ccovevces Agents Fin Corp pfd cevevecees y Belt R Stk Yds COM <ccovpnves Belt R Stk Yds 6% pt evsesns i Bobba-Merrtil 4veps pr. -Merr: Circle Theater Ly on Comwlth Loan an 8% pid . Delta Eleo H% Hook. Drug Co ome xo e 1% td. 51 Ind & Mish les % pid . r ih Ind Asso Tel 5% ped... 100 Ind Hydro Heo 7% Dp Indo B ANZ fd. rele Pp cosas Ds ea i ar: By Indp Always COM ceoeveees 14 Indpls Water bt Ps | .
sen ove
quirement of branding the tires as |, in
Ind b Serv casaes *Pub Serv of Ind 5% % pt veeess101 *Pub Serv of Ind eseeses 1694 Progress Laundr, on FN *Pub Serv of Ind 5% pf.. *Pub Serv of Ind SJ So Ind G & BE Stokely Bros pr ie United Tel Co 5% .... Union Title com ... Van Camp Milk pfd ... Van Camp COM coovvococne +~* Bonds
Algers Wins'w W RR 4%% ... 89 American Loan 5s 51 27 American Loan 5s 46 . 99 Cent Newspaper 4%s 43-51... 29 Ch of Com Bldg Co 4%s 51... 78 4%s 61 ......103
Tel’ Indpls P & L 3 7 Indpls Baars Co = bl oie Indpls Water Co 3%s 6 Kokomo Water Works 5s 38 . Kuhner Packin
4
. 80 Pub Serv of Ind 3%s 73 | ++102% Pub Tel 46s 556 . . 98 Richmond Water. wis 8 57 ..108 Trac Term Corp 5s U. 8. Machine Corp 5 63 . *Ex-dividend.
U. S. STATEMENT
WASHINGTON, Aug. 25 (U. P.).—Gove ernment expenses and receipts for the current fiscal year through Aug. 23 come pared with a year ago: Last Yea
104% 0
determine whether any usable tires|Receipts
Net jr 7 PA Cash balance . 17, 007. 63.764 3.988 ,9817,703 Working balance 6, 034, 78,78 3,226, 533,261 Public debt ..147,538, 868,501 85,700, ,979,183 . '22,202,017,386 22, 745, ,032,035
INDIANAPOLIS CLEARING HOUSE Clearings Debits : Keith-Albee-Orpheum Corp. and subsidiaries 26 weeks ended June 30
Gold . reserve
ago.
Jr
than thirty
60c; No. bushel, and No. 2 white shelled corn, $1.16.
SERVING Ze 1 INVESTOR
Plea information on securities, so essential to intelligent investing, has been supplied by us to. our clients for more years. We believe you too, as an investor, will find this a useful service,
THOMSON & MsKINNON
MEMBERS NEW YORK:STOCK EXCHANGE 5 East Market Street . "Henry Holt, Partner + ‘Telephone: Market 3301
Indianapolis, Indiana
Have a Coca- Cola=Sa-LAM-o00 a-LAY-koom
(PEACE BE UNTO YOU)
I= 0 ]
keted through tire manufacturers and made available to any tire deal-
net profit $963,606 vs. $507,671 year
t ob
[RE - WEAVING er “ut MOTH BOJ NE LEON "TAILORING 60. EE 235 § Mast dvs. Ave. hl SHERWIN = . “WILLIAMS | k) © Hass Paint for for Bvary
\ ‘Because it Lasts Sout, Li0 ' VONNEGUT'S
I¢s natural for popular names to | acquire friendly abbreviations. That's why you hear Coca-Cola called “Coke”.
Sones SLi Cn ved fe i,
Modern stylish rimless 15-DAY. TRIAL! . tig : ; Sopvigice Jmall by Josel i}: Creat
-FILLED” FAR OR NEAR VISION.