Indianapolis Times, Indianapolis, Marion County, 13 March 1944 — Page 7
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Truman Report Also Criticizes Dow Chemical’s Pre-War Output for Lagging Behind Germany; :
‘Nevada Project ‘Bungling’ Hit.
WASHINGTON, March-13 (U, P.).—The Senate Truman committee, in its long-awaited report on magnesium, said today it was “reasonable” to assume that 1944 production not only will suffice for war and essential civilian needs but also provide a surplus for production of other civilian
items. Climaxing a long inquiry eaded by Senator Mon C. algren (D. Wash.), chairman of a subcommittee on
light metals, the report also: 1. Said the war production board will initiate action to reduce uction of magnesium, which 4s used for such things as incendiary |monopo bombs and aircraft parts. .. 3. Gave Dow Chemical Co. major for the nation’s success in “the bulk of wartime magum requirements, but criticized fhe company for its failure to German output in recent
Sears. 8. Criticized inefficiencies in conof the $133,000,000 Basic Magnesium, Inc, project at Las Vegas, Nev., but nevertheless praised the plant's present 112,000,000-pound output as the “largest in the United States and believed to be the largest in the world.”
Seek Post-War Market
4 4. Recommended an immediate
techniques involved in the use of Salgnestum. This, the committee #ald, would open a larger “future fharket for the light, tough metal and make private operators of gov-#mment-built plants more inclined fo purchase them for post-war operation, 8. Declared that this country lead the world in the light 1 industry and said it was “incumbent” on any firm holding a
- monopoly on any type of production
to make certain the United States #t least equals other countries in output of that material. ; The committee observed that in 033, German magnesium produc was about 33,000,000 pounds, hile American output, entirely by
TO00 PRICES SiGe PEL Wo 0
_PURCINT INCRIAM, DECEMBER 1941 -DECIMBIR 1943
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“The committee was concerned,” Walgren said in a separate statement, “to find that Germany with about half the population of the United States had produced nearly, six times as much‘ magnesium in 1939 as the Dow Chemical Co,
whenever any corporation obtains a
the production of any basic commodity, that company should be called upon to explain why a smaller foreign nation produced several times more than we did and devel-
fabrication faster than we did. “Dow Chemical’s explanation was not very satisfactory, and I do not believe that we should permit any such. monopoly to be established or
Falled to Meet Schedule
The committee said the belowschedule production of magnesium in 1943" indicates the extent to which this country failed in attaining its production objective due to difficulties in completing facilities on schedule and the problems encountered in surmounting the difficulties involved in adapting new techniques of manufactures.” In 1942, the report said, it was estimated that the 1943 supply of megnesium would be 501,000,000 pounds. Estimated requirements were 448,000,000 pounds, but . total production for the year was but
391,000,000 pounds, of which only! 348,000,000 pounds were actually shipped. N
-
FISHER TO SPEAK
Services at Peace beau
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Chopel are ‘ceremonies of
ond refinement, givirig the family the
ya of knowing 3pared In the creation
that no effort has been of a perfect tribute to
e departed. Yet a Peace Chapel service is at the same time a service for the living ‘vo - ceremony to comfort those who remain with a memory picture that will be cherished
through the years,
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monopoly in the United States in
oped new and improved methods of]
continued in the future,” Wallgren Am said.
George Fisher of the Allison di-|% vision will speak at the American Chemical society luncheon tomorrow | 55" at Hotel Warren on the physical and chemical control of aircraft engine material,
Net High Low - Close Changs Allis-Chal ..... 38% 38'p; 38% Am Can ...... 86 853% 86 + ve Am Leco ..... 9 18% 18% + Am Rad&8SS .. 10% 10 “10% + % Am Roll Mill.. 14% 13% 14 + % TST ..... Te 150% 150% .... Tob B 60% 60% 60%a .... Am Water W % T% T% 4% % rane M% WY Wa + Armour & Co.. 5% 5% 5% — Ate ine 38 Si 8% +1 Fa 1 1 RAE Bendix Avan ... 37% 37% ‘31% + % Beth Steel . 60 50% 60 ++ 1 Borden ......: 30 V% 9% + % Borg-Warner . 38% 38% 38% — % Ches & Ohlo... 47% #7 47% + % Ch aa, 8% 84% 85% + 1% Curtiss-Wr . 8% 5% 5 .iu. Do Alre .. MY 54% H's + % Du ieee 148', 14T'z 148% + 1% Gen Blectric .. 36'%a 36%. 36% — 4% Cen 2% a2 42% + % Gen Motors 59% S58 50% + 1% Goodrich ...... 47 6% 48% 4+ Goodyear ..... 423% 42% 42% — % Greyhound Cp . 21% 20%, 20% .... Ind Rayon 0% 0 40 ha Kennecott «3 30% 3 + 4% Kroger OG & B. 34% 34% 34% + L-O-F Glass 45% 45%, 485i <= % Lockhd Alre 18 1% 1% + % loew's ........ 81% 61% 61% .... Marshall Pid .. 14% 14% 14% + 4% Mont Ward . 487 46%, 46% — Nash-Kelv 13% 13% 13% + % Nat Biscuit «2, NN NY + % Nat Distillers . 35 MH% M% + YW Cen 19 18% 19 “+ 1 Off uns 18% 18%a 18% + % a. a 4 4% + % Pan Am Alr ... 33% 23 3 + 1 n RR ...... 200, 28% 9% + 1% helps Dodge . 21% 21% 213, + 3 Procter & G ... 55% 55% 55% — 3% Pu n eer 413, 41% 413 4 Ng e Off ...... 181 18% IR} 1 Republic St. 173%- 17%: 17%" + 1% Reyn Tob ‘BB .. 30% 30 304%, + ig Seenley Dist . Bil 50% - 50% + W| Sears Roebuck 80% 89% 89% + 3 Soc} Yaeuua 12% 12% 12% .... South Pac .... 30% 20% 30% 4+ % Std Brands ... 30% 20% 30 + ly std O vere 38% 36% 36% — Std Oil (Ind). 33% 33 33 .... Std Oil (NJ)... 84% B84% 54% ~~ 34 Texts aa. 48% 481 487) 4 ON 20th Cent-Fox. 22% 22% 22% + “jUS Ru ese ATR AT 47% — 1 US Steel . 53% 83% 83% 4+ & Warner Bros .. 13% 13% - 13% + 1% Westing El ... 99'¢ 98’: 98; + !; Y S&W .. 17 167% 167 — 3 Zenl! Rad 3 AN Ie + 5H
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ARTMENT SOURCE: V. $. DEP.
paIc BY PICKS, 0. ¥.
N. Y. Stocks
Nominal quotations hur furnished by Indian.
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WE Buy Diamonds
HIGHEST Sn PRICES
STANLEY Jowiy gs.
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ANALYSTS NEEDED The Indianapolis WPB office needs Igusizial analysts with four years Qualified persons shoud apply at room 524, federal
building, the civil service commis-|Good
sion said.
ITCHY SORENESS
You Save Because We Save Men's Suits & Overcoats
16" '18" ‘21 24 CASE CLOTHES - 215 N. Senate Ave. Open 9to9
] LEON, FAiLofig 0. 1
Receipts included 9200 hogs, 1975 cattle, 600 calves and 1075 sheep. GOOD TO CHOICE HOGS (9200) 4 120- 140 pounds 11.75 140- 100 pounds . [email protected] 160- 180 pounds . 14.05914.15 180- 200 pounds [email protected] 200- 220 pounds 256 14. 220- 240 pounds ve 14.156214.25 240- 270 pounds .. ver 14.106214.15 270- 300 pounds .. . [email protected] 300- 330 unds [email protected] 330- 360 pounds 50@! Med}
| Rriey 2361
PRICES ON HOGS ADVANCE HERE
Gains Range to 15 Cents Top Rises to $14.35 At Stockyards.
Hog prices were steady to 15 cents higher at the Indianapolis stockyards today, the office of distribution reported. The top advanced to $1435 for good to choice 200 to 210-pounders. Weights from 160 to 225 pounds were 15 cents higher than Saturday; weights from 225 to 330 pounds were 10 cents higher, and weights between 100 and 160 pounds and over 330 pounds were unchanged.
cesseraseran
um— 160- 220 pounds Packing Sows [email protected]
evanretaveas
300- 330 pounds ....pvisiene 13.35@ 13.50 330- 360 pounds . 13.304213.45 360- 2400 pounds ... [email protected]%0 %- "450 pounds . [email protected] 50- 300 pounds [email protected] Medium
250-500 pounds ........... Slaughter Pigs Medium pug Coad ‘ 350- 500 unds
$.25011.50
Chotce— 700- 900
das .... [email protected] $00-1100 pounds .... 15.75@ 18.50 1100-1300 pounds .. [email protected]% 1300-1500 DOUDAS ...eseesssse. 16.00016.75 700- 900 veesenss 14.50015.75 900-1100 pounds ....escceses 14.509 15.78 1100-1300 poun vas esse sane 14.75@186. 3300 2800 POUDGS «iuacenesees 14.75@16.
14.50
M 700-1100 pounds .eiveesenes 12.50 14.78
1500-1310 POUNAS ..casnvensee 12.78 700-1100 pounds
1a sitsasecreaee 3% POURS .ccisescasces
600- 300 pounds .. ees 14.00 $00-1000 pounds ....seecaes. 14.35
800 pounds 15.7% 16.00 15.00 15.25
300- 900 pounds sivesrsece.. 11.75014.00 B00. 900 POUDAS «..iperreres [email protected] Bulls (all weights)
Beef Good (all weights) Sausage Good Ra a
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Sransasrrias aes
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CALVES (600) Vealers (all weights) Good to cholce ......... ren Common to medium Cull (70 lbs. up;
Feeder and Stocker Cattle and Calves Steers
[email protected] mgisoe
Chotcon 500- 800 POUNDS .cccvcavsoess [email protected] 800-1050 pounds .... sees [email protected]
§ NES seevsvecraice 10.0@:1-30 800-1080 pounds ou ssssesesseeees 105001150
Medium 500-1000 pOUDNAS “cevescerseers [email protected]
[email protected]% ceresiaianes 0.508117 Calves (heifers) ? down ...eever... [email protected] 500 pounds AWD. ...eeseese [email protected] Parser raat ast Fare. «« 10.50911.50 SHEEP AND LAMBS (1075) Ewes (shorn)
and Shojes axa n ay ave In LAMBS
Good and choice ..,....... ooo 15.00016.25 Medium and good ........es ® [email protected] COMMOR +4ssvsresrsvecessans oB 11.00
U. S. STATEMENT
NRASHINGTON, ) March 13 Be P. ro ernment and or the current fiscal year through March 10, | 79¢ compared with a year : ad
s Year = Last’ .. $68, 33, 980, "853 $50,121,613, 368 . 50,249,431,544 % 198 al4.148 Fenre 26,100, 998, 273 10,022,659, ,3 . 3.21 971 430 40.005 470 70 balance. 17,277,734,957 4.711.088 344 bal.. 16,514, 957.1 159 3,978,490 ebt ..187,483,855,340 40 119.731.008.133 3, 669,903, 903,669 232,643,700,118
INDIANAPOLIS S CLEARING HOUSE
Net Cuan Work! Public Gold reserve..
y NOEPENDRTS
£ the C. I. O. union, which asked for
: per ton in response to. requests
FACE ELECTION
C.1. 0. Challenges Union at Willy’s Overland in Toledo.
By FRED W. PERKINS Scripps-Howard Staff Writer
WASHINGTON, March 13.—A showdown in the fight of independent unions for representation* on the war labor board, on the same
basis as the A. F. L. and C. I. O,, was brought nearer foday through
5
an order of another government
agency. “The national labor relations board directed that a collective .bargaining “election be held within 30 days in a portion of the Willys-Overland Plant at Toledo where theré is a bitter jurisdictional contest bétween the independent Mechanics’ Educational Society of America and the United Automobile Workers of the C. 1. O. "M. E. 8. A's closed-shop rights over about 800 mechanics were recby NLRB in January of , They are now challenged by
the election. Matthew Smith, M. BE. 8S. A. sparkplug, has asserted that the C. I. O. unit has been cutting into the independent union through telling the members they could not get wage raises without representation on the war labor board. NLRB'’s first hearing on the C. I, O. petition produced a strike lasting several days in early February among key employees in 50 war plants in the Cleveland, Toledo and Detroit industrial areas. The Matthew Smith union, aided by a number of other independent unions he has recruited for the Confederated Unions of America, presented their pleas for WLB membership in Washington. These were rejected last Friday by four public member of WLB, and the rejection brought a threat from the independents of “political as well as economic action.”
SWEET CORN PRICES BOOSTED $2 A TON
The price to be paid Indiana producers of sweet corn for canning this year has been increased $2
from canners and growers, according to word received today by L. M. Vogler, chirman of the state A.A. A. The price on field run corn was boosted from $17 per ton to $19 per ton. On evergreen sweet corn, from $1550 to $17.50 per ton, and on yellow and other white varieties from $17.50 to $19.50 per ton. Approximately 80 per cent of the canning corn grown in this state is of the yellow varieties, most of it being Purdue's golden cross bantam which has become principal variety for the United States.
GRAIN PRICES MOVE IN NARROW RANGE
CHICAGO, March 13 .(U. P).~— Grain. futures moved within a narrow range, but generally reflected an easier tone on the Board of Trade today. At 11 a. m. wheat was unchanged to off 3; cent a bushel; oats off % fo %; rye up % to off %, and barley up &.
By JOHN tire?
Few if any engineers here believe we won't return to natural rubber for tires, but a number of them leave the possibility open for staying with the synthetics, Harvey 8. Firestone Jr. said the industry “has high hopes that eventually synthetic tires of all kinds and sizes will equal the natural rlibber product in every way.” But Mr, Firestone doesn't say we will not switch back to tree rubber for tires, even if the new is just as grog, and “eventually” can be a long
More Easily Damaged “We have some service records which show,” he goes on, “that with proper care and under wartime driving regulations, passenger car tires made of synthetic rubber will give about the same performance as natural rubber tires.” The synthetic tire, though, is more easily damaged, he admits, and the companies have had much less success with the synthetic truck and heavy duty tires. Ray P. , Goodyear development vice president, is another who is bullish on synthetic rubber,
IN BRIEF—
FLOUR CEILING CUT—The ceiling price of enriched flour was reduced 5 cents per hundred pounds today, to 12 cents per hundred above the price of plain flour. The
OPA said the cut resulted from decreased costs of several vitamins used in the enriching process. Mi = »
FUEL OIL UNCHANGED-Fuel oil rations in the East and Far West will remain at 10 gallons per unit for the fifth period, which begins tomorrow, the office of price administration announced today. o ” »
RAIL PROFIT FALLS—Union Pacific Railroad Co.’s preliminary annual] report issued today shows a 1943 net income from all sources of $45,293,205 compared with $62,083,985 in 1942, EJ ” o
USE BIG PROPS—AIll 20 of the new and bigger versions of the Martin Mars will be equipped with the largest three-blade hollow steel propellors ever made, CurtissWright Corp. announced today. The propellors will measure 16 feet 6 inches in diameter.
INDUSTRIAL FORUM TO FEATURE PANEL
Employment problems will be discussed by a panel of speakers at the American Industrial forum Wednesday at the Central Christian church. Speakers will be Maury G. Fadell, manager of the U. S. employment service office here; Melville W. Hankins, veterans’ employment representative of the USES; Galen W. Toole, supervisor of the state unemployment compensation department claims section; and Charles M. Hampton, director -of veteran rehabilitation at the R, C. veteran rehabilitation at the R.CA.Victor division plant here, who will be moderator.
UNION CARBIDE NETS
—Union Carbide & Carbon Corp., today reported a net income for 1943 of $38,342,389, equal to $4.13 per capital share compared with a net of $38,088,723, or $440 a share in 1942, A charge of $2,500,000 was made
*%! against last years income to pro-
vide for unusual adjustments that may arise in connection with wartime operations. The corporation also reported that the 1943 net does
refund of excess profits. The reserve for post-war 'contingencies amounted to $20,000,000 at the end of the last year, against | only $10,000,000 a year before. °
ANDERSON MAN QUITS WPB
NEW YORK, March 13 (U. P).— Alfred G. Birkenmeier, of Maplewood, N. J. regional redistribution
has resigned as of March 15, to reso] turn to management of the Anderson Stove Co., Anderson, Ind. the WPB announced today.
h
WAGON WHEAT
the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.63 per bushel for No. 1 Jd Fhe) (other es on their merits), 3 white oats, 5 nd No. 3 Fig Jae
ii Rp 3. bY corn, es shelled- es oy 2%. bushel, ahd No. 7 white shelled-corn, $1.24.
pecs Soph modern rooms,
$25 up. THE INDIANA TRUST BLDG. Cor Mave. 's £_Wash. St
rest artantAts anata
Peerless Electric Supply Co. Wholesale Electrical Supplies SPECIALIZED SERVICE FOR DEFENSE INDUSTRIES 122 South Meridian St.
$4.13 A SHARE IN "43
NEW YORK, March 13 (U. P).|
not include the $4,990,235 pw
Siler of the war production board,
DAILY PRICE INDEX
NEW YORK, March 13 (U. P.).— Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): Saturday ...... veo 172774 Week Ago Sess t Retr etenta en 172.25 Month AZO s.ecesescresnsnss 17212 Year Ago ssesss 17089
seres
Synthetic Rubber Improves: Tree Variety's Return Seen
~Seripps-Howard Staft Writer
AKRON, March 13.—Synthetic rubber is going to stay with us after the war—it was here before the 'war—but how about the synthetic rubber
The answer hangs on the length of the war and the speed with which the GR-S is improved between now and then. rubber, type 8, and the S stands for styrene, one of its chief components),
W. LOVE
=
(GR-8 is government
‘Given $1,373,000,000 Since
June, 1940, Most in The Midwest,
Indianapolio ranked first among
within Hmits. He said the GR-S rubber was “better than expected” and its improvement was only a
cording to Mr. Dinsmore, that most! of the bugs will be worked out of it before crude rubber comes in again. Give them five years, another engineer told me, and they may have a synthetic tire to please everybody, but plantation rubber may be back before that.
‘Pipeline’ Filling At Seiberling rubber I was told
synthetic can be compared with that of the tree rubber, much less any way of telling how fast the new tires are improving... So well have to make up our minds about the GR-S tires when we get them. They are now going into the hands of civilians at the rate of more than 1,000,000 a month.
these tires, the manufacturers reply!
made not with tires of natural rubber, but with no tires at all. Today’s synthetics, they say, are better
last war. The butadiene is now coming! along from the petrolem- industry | as well as from the alcohol plants. |
on, they say. There are no more
events can affect the flow from here forward. But the “pipeline” which |
takes millions of tires. = There's first the pipeline of ma-
plants, now filling. After them the
turers’ warehouses, for every variety of tire, then the tires in transit, the tires in branches and the tires in| dealers’ hands. All that before the| consumer can be sure of getting al tire to fit his car,
there is no really satisfactory meas-| jure by which the performance “of;
To those few who ‘complain of | that the comparison ought to be
than our tires of tree rubber in the]
bugs in sight, and only military [EW 114s 10 be fillad is enormous, It
the copolymer or synthetic rubber
tire plants, which will be at capacity next summer. Then the manufac-|
the 11 industrial areas in the Chicago war production board region in the dollar value of supply con-
matter of time. {tracts for aircraft form June, 1940, There is a very good chance, ac- | through December, 1943, according
to figures released today by Albert O. Evans, manager of the Indianapolis district WPB office. The category “aircraft” includes contracts for air frames; airplane engines, propellers and other parts; and certain related equipment such as parachuates and aircraft pontoons. Armament, instruments and communication equipment are excluded. Following is the list in the order of dollar value rank:1. Indianapolis, $1,373,574,000. 2. Chicago (and Lake county, Indiana), $1,338,165,000. 3. South Bend-LaPorte, $802,570,« 000. 4. Milwaukee, $585,358,000. 5. Evansville, $141,219,000:
7. Rockford, $32,875,000. 8. Anderson-Muncie ($2,259,000.
N. Y..STOCKS BOOST DIVIDENDS IN 43
NEW YORK, March 13 (U. P.).— | Cash disbursement in 1943 to hold{ers of common and preferred stock listed on the New York Stock ex{change totaled $2,407,988,000 com-
|
i
}
The schedule will be met from here Pred with divident payments of
1 $2,346,566,000 in the previous year, according to the exchange year
| Divident disbursing common and | preferred stocks showed a typical | yield of 6.1 per cent and 5.4 per cent, | respectively, based -on year-end
terials, now well filled. Next come] Prices.
Headaches From | SEE DR. CARL J. KLAIBER
“Eyes Axamined-glases | Fitted™
in The y Fair 0 Optical Dept. I 311-335 W__ Washington
(FOR YOUR CONVENIENCE
CALL oUR SERVICE
SCHEOULE
DEPARTMENT (RILEY 1872)
FOR ROUTE AND
1044 High (March 11) ...... 17274 1944 Low (Jan. 15) 170.69
INFORMA 7/0N :
|
Give to the
WAR FUND
To meet the vital needs of our men and their families “every. where, the Red Cross has opened a drive for the largest fund in its history, a fund of $200,000,000! Support this drive to the ut-
most of your
CROSS
ability! Make your
contribution to.the Red
6. Ft. Wayne, $42,059,000. 2
i