Indianapolis Times, Indianapolis, Marion County, 9 August 1944 — Page 11
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. world to join in a multilateral pact to control production and
’
WEDNESDAY, AUG. 9, 1044 .
t NATIONS ASKED
10 JOIN 9
New Anglo-American Agreement Outlines Objectives as Development of Oil Resoures and Equal Chances For “All Peaceable Countries at Fair Price.
WASHINGTON, Aug. 9 (U. P.).—The new AngloAmerican oil agreement, hailed by officials as a solution to a basic source of world strife, was expected today to serve as a pattern for other international agreements to uproot economic causes of war. The petroleum accord was signed late yesterday by U.S, and British representatives, who invited other nations of the
distribution of oil and its produces. It was considered the forerunner of similar agreements
Us S, RETAIL SALES [Noes or si. ruber ana JUNE SHOW 49% RISE
other resources essential to * WASHINGTON, Aug 9 (U.P) ~
the peacetime economy ‘of nations. ‘Taking the initiative in planning
orderly world disposal of vital re~ sources, the two nations offered oil
supplies, through trade channels, to all “peaceable nations at fair prices” and on a *non-discriminatory basis.” It approved the use of oil sanctions to keep the peace and proposed an- international oil confer-
During June durable goodastores had a sales gain of 3 per cent while the non-durable group rose more
in [wide accord. , Senate 0. a May Be Neshod
The signing of the agreement left in abeyance the question of whether senate ratification must be obtained before this country formally enters into the agreement. The U. 8. is bound to finance half the operations of an eight-member oil commission set up to solve problems “of immediate joint interest” to the U. 8. and Britain. Officials said a decision on the point of ratification would be announced soon. - The commission will serve as an “interim” agency, giving way to the international oil conference of all “interested ~ countries” and, eventuslly, to a permanent international petroleum council. Chairmen of the senate foreign affairs and special petroleum committees, without waiting for a state department decision on the ratification question, ‘announced they would begin studies of the accord this week,
Stettinius Lauds Plan
The agreement represented es. sentially an American plan, modi-| fied in some instances by Lord Beayerbrook and the other British of-| ficials making up the Usiftedt King} dom’s delegation. Acting
GRAIN PRICES FIRM ON CHICAGO: MARKET
CHICAGO, Aug. 9 (U. P.).—Wheat
¥. A stronger undertone prevalled in all pits. At 11 a. m. wheat was off & to up 1% cent a bushel; oats up % 0 %, rye unchanged to up %.
OPA SETS CEILINGS FOR BED LINENS
WASHINGTON, Aug. 9 (U. P). —~New and higher manufacturer price ceilings for bed linens, ranging from 78 cents to $1.18 a dozen,
with a promise by Price Administrator Bowles for Speed in adjusting Shine prices on “major items” in two nati rove Bald bed linens, FeUoOleum Administrator Harold newly priced, effective June 30, Ickes, Vice chairman of the 1944, account for between 80 and AMerican delegation, added that the 90 per cent of the linens. action “augurs well for stability
. And order in the period ahead”) ANDERSON FIRM TO GET ‘F’ |The next objective, Ickes declared see WASHIN s must be “the expansion of this! The SHENCETON: Pegs 9 (U.P.).—| a nelo-American agreement so as of Anderson, t, emnrace Wil countries interested | vo hm to. Am whch Bae 1 he petroleum rate” The
heralded the pact as “a most con-| Goo structive forward step toward Jong! ‘range collaboration” between the
{able future” the world's oil re- | sources will meet the needs of all nations.
Six Objectives Outlined
N. Y. Stocks The Anglo-American delegates
men Low: Last Change | Outlined their primarv objectives in| th: 89, By — 1sisix points which, while applying to 88 ov . | oll resources of this country and the 35% “ i British, stressed the world- “Wide as- : ; | pects of the plan: ,-
. 1. Adequate supplies of oll shall be available in international trade to “all peaceable countries at fair prices and on a non-dis-criminatory basis.” Production and distribution would be subject to considerations of military security and “such arrangements” 4s may be adopted to preserve peace and prevent aggression. { 2. The development of oil resources and the accruing benefits to the producing countries “shall be such as to encourage the sound economic advancement of ‘those countries”—such as Iran, Iraq and Saudi Arabia, whose huge oil deposits are controlled by American and British interests, 3. The development of ofl deposits shall be conducted with an eye to the availability of adequate oil supplies to both countries as well as all other peace-loving | nations. |
| 4. “The principle of equal opportunity” shall be respected by both governments in the acquisition, exploration and development of new oil areas.
5. Neither power shall attempt “unilaterally” to tamper with the present oil rights and contracts of the other, 6. Neither power shall hamper by restrictions the other government’s exploration for and development of oil resources, construction and operation of refineries and other facilities, and distribu-
de
Borg-Warner . Caterpillar T ..
SHEE HE
Nash-Kely
Monsanto pt c "an ¥ a Biscuit ve Ei
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Y Central .. Olver F BE... Packard
Preps "Dodge . Procter & GQ .. Liman
19 we pn 32%... an ow 13% 29 20% 3IT% 32% 55% 24%
48 3% 4 12% 12% 102% 108% eas RB 13% ....
U. 8. STATEMENT
WASHINGTON, Aug. # (U. P.).—Government and for the current fiscal year through Aug. 7 compared with a year ago:
{
Westing E1 ,,
York Corp :.. 14
euce to implement 4. eresjer mesids ($1405
This General Sherman tank is rigged with a pusher blade for cutting through those dense hedgaone in France, Naturally enough, GI's
call it a “tank-dozer.”
PRICES STEADY AT STOCKYARDS
$14.80 Is Top on Porkers
With 8175 Received Here Today. The hog market was generally
steady at the Indianapolis stock yards today, with the top st $14.80
Sow prices ranged from $14.00 to
Cor rT EO
Ancluded 8178 hogs, 1750| The,
Receipts. cattle, 675. calves idhnged uD: “sheep.
00D 70 Goice Hoos mm : pounds
ERIIRET Hii
#
g 5 8s gd
§§d SEES
Hug us
$
Sanresssnnces
sreasrasvisne
Steers [email protected] 1B 1.98 117.78 Teereserrraes Clem 7.98
pou 1100-1300 pouds 1300-1500 pounds
| Medium — 700-1100 pounds 110petuon pounds
ommo 700-1100 pounds
ce of State Edward R. Stettinius Jr., 200-
[4% ede i
800-1000 pounds . Medium 500- 900 pounds ..... | Lk mmon - ¥
Wh. 300 puangs ;
renee
ha try a "
. ou Medium .. di Cutter and common ET . anner :
© Gone (all, weights) sakinnre Sausage—
Medium cord Cutter and comuion . we CALVES on Vealers (ab Good to choice Common to medium. ... ulls
Feeder and Stocker Onttie 80d Calves Steers
14.50 13.50
Choloe— 500- 800 pounds ... B00-1050 pounds .....eseveves IR Good "500 $00 pPOURAS ....ieee0. vee [email protected] 800-1000 pounds ...eseveeeass 10.25QILD Medium ‘ 500-1000 pounds ..e..eeiess « L.75910.00
vou n 123
Good sand Choice— oN pounds down edium— "500 pounds dOWD ....i.i00. Calves Good and Choice— esrnee wanes 050012.
500 pounds down .
1.50Q SHEEP AND LAMBS acs) wes (sh }
{Good to chqlce
Common to medium Good to choice
| Medium to good Common .
LOCAL ISSUES
Nominal quotations furnished by nay.
aAnapolis securities dealers Ma
Agents Fin Corp com .....sse TW Agents Fin Corp pfd . Beit R Stk Yds com . Belt R Stk Yds pid... Bobbs-Merrill com . - Bobbs-Merrill 4'3 pd einne Circle Theater com. .. Comwith Loan 5% oid Rook Drug Co eo 00! rug Co Home T&T Ft. wane 1 T% vid {Ind & Mich Elec Ind Aso Tel 5% pid ...ivaui nd Gen Serv Cessieasen Indpls P&L dd ...... vey. es}18 Ind P & L com Judiaph ndpls Water pfd . “indbl Water Class A com... 17% Jeff Nat Life com Lincoln Loan Co 5%% ‘pt. Lincoln Nat Life Ins com. P R Mallory 4':% P R Mallory com ..., N Ind Pub Serv 5% N Ind Pub Serv 52% N Ind Pub Serv é< ‘pid. ’ “et N Ind Pub Serv 7% .. ...v.a . 24 Pub Serv Ind 5% ' * Pub Serv of Ind com ..
semen
Railways Sm. ,
Progress Jaungry com . So Ind G & 4.8% 'vireves 5 Stoke Bros 5 PI cevnvene Unt Tel Co 8% Union Title com
NDS Algers Wins'w RR Hew neu American {5an 5s 3. ree
Use 'Self-Seal Plastic in B-29
WILMINGTON, ‘Del, Aug. 9 (U. P.).~Three-ply plastic which has & self-sealing tendency against bullet or flak holes in pressurized cabins has been a contributing factor to the superiority of the B-29 Supers fortress, E. I. Du Pont De Nemours & Co, Inc, announced today. * The company stated that the shat ter-resistant plastic 1s a “sandwich” made of laminated “lucite-butacite” produced by a method developed by its plastics department, Bomber noses, gun turrets or-blisters made of the product are not demolished “Phish Pierced b5 bullets or r HART“ Jroduct has made it possible yressu the cabins with superchargers which maintain nearly normal ground-level atmospheric conditions enabling the crew in a pressurized cabin to function with-
I ———————————— 5 Pepsi Cola Co.—Six months ended June 30 estimated -net profit $3,068,000 or $1.60 a share vs. $3,-
THE INDIANAPOLIS TIMES Tank Cuts Own Path i in. France
STATE PEACH EXPORTS START
Growers Expect Shipment Peaks Within Next
Two Weeks.
The Knox county area will start its first shipments of Elberta peaches toward the end of this week with the peak expected the last half of next week, Purdue university's market news service reported today. A total shipment of 100,000 bushels are expected to be shipped from Knox county within the period of two weeks. The main shipping season for Elbertas from Gibson county is expected to be about 10 days. Johnson county has already started shipments of a few truckloads from early orchards and the expected season exports from this county are between 28,000 and 30,000 bushels, with peak supplies available from Aug. 13 to 15. Petersburg is now .harvesting its Elbertas, with an export of 11,500 t0,14,000 expected. The peak should be reached next week, Between 9000 and 11,000 bushels are anticipated from Boonville and 10,000 from Mt. Vernon. Main peach harvests of Sulliavn county growers are set for Aug. 15 with an expected export of 8000 to 10,000 bushels. Peak shipments should be reached around Aug. 23. The following peach crops are expected to be available from lLaPorte county growers for the week of Aug. 13: Rochester, 2000 to 3000 rbushels) Halo - Tera Silo Re South Haven, 3000 bushels; they expect $6 export. 4000 to 10,000 bushels of ‘Elbertas starting about Aug. 27.
ments are at their peak with the watermelon peak - expected about Aug. 21. Truck loads of cantaloups may still be purchased in Daviess county.
Cenirll Alrpors, Tue, year -ended April 30, net loss $808 vs. $57,347
123,000 or $1.64 a share year before.
-
previous year.
Helping wounded soldiers improve their vision
Good soldiers...
-#+(lJAC -
WOMENS ARMY CORPS
Jackson” county cantaloup ship-|
‘Industrial Dollhouses’ Aid .
Post-War Factory Plans|
. By Science Service PITTSBURGH, Aug, 9—Post-war factories will first appear as “ins dustrial dolihouet’ 18 the Worksop of plant. pisuning nd lagu; ev‘These miniature constructions will give the engineers ie ar preview of a plant's efficiency, {Tiny figures of men and machines, carefully carved to specifications
Tom wood, fe aietidy woven around in on aaoihouae” Jastariey #7 the.
WABASH STRIKERS
lanning engineers of the Westingps Electric & Manufacturing Co. Higrs. %. Ae the war a score or more representing each mn of machine will be kept on
G0 BACK TO WORK: ous: 22
WABASH, Ind., Aug. 9 (U. P.).— Figures, Machines Scaled The General Tire and’ Rubber Co.| Because the figures are accurately plant resumed full production today | scaled, engineers can tell in advance following a truce in the strike of how much floor space each machine the local union of the United Rub-|will take in the completed factory, ber Workers (A. PF, of L.) over a how much aisle room there will be. war labor board delay in oertitying| Traveling cranes, roller trucks, in » Comfres: wl | fact, every piece of equipment beTe night as a - longing to a modern plant, will be bowl from three army officers to| {put into the miniature factories. heed a regional WLB directive from | The number and types of machines Chicago. Two other appeals had needed for the required work will gone unheeded. | be in their proper place, Union spokesmen stressed the fact| Engineers and factory planners that there had been no concessions Nave sometimes had difficulty in on their part in the contract dispute ‘ranslaling mechanical drawings which had idled approximately 1200 finto completely efficient factory workers last Thursday, A Units. Now the dollhouse factories, picket line had been thrown about | | constructed from drawings, offer a the’ plant. {more complete preview of how the Col. Donovan McGee of the war factory will work, By moving the department, Maj. Peter T. Elvis and Miniature equipment around, guessLt. James Fagan of the signal corps Work is eliminated and the design appealed to the workers last night. Of the plant may be changed better The officers authorized a radio ‘to meet. the specific needs, broadcast from stations in the are
trueting. the workers “la report STATE FIRM BUYS Vr me mnt US, PLYWOOD STOCK
‘NEW YORX, Aug. ¢ (U.P.).—The
Hammond Engineer Walkout Averted - |U. Plywood Corp. today -an1 nounced that it has received $1,024,-
HAMMOND, Ind. Aug. 9 (U. P),. —The threatened walkout of 53 sta- 1625 in net proceeds from the sale of tionary engineers, employed by the! 10,000 shares of its $100 par 4% per city, was quelled on 3 cent cumulative preferred stock, serecommendation - tram Smith that all city employees is B. to a group of six institutionbe given a $10 monthly pay increase. |al investors at 102 plus accrued divThe engineers previously had idends from July 1. The Lincoln threatened to quit their jobs unless Life Insurance Co. of Ft. Wayne, they wee given a $20 raise. |Ind., was among the purchasers.
been severely damaged
Borer Damage Is Slight; More Deterioration In Dry Areas,
Despite dry weather, considerable corn is still in good condition, the weekly crop bulletin of the Indianapolis weather bureau reported today. Much of the crop is fair an
rule, but heavy in Pastures and young tlovers Have by the drought, the bulletin reported, Soybeans are mostly in fair condition, Some poor, some good; pods are not filling well and the erop will be short unless rain comes soon, Tomatoes are suffering from the hot dry weather; good crops are ine dicated, however, by some farm re. ports. Garden truck generally. is greatly in need of rain, with ; many gardens dried up. Peaches are being harvested and the yield is -mostly fair but better than normal in some localities. A fairly good crop of melons continues to be harvested. Fall plowing made progress where the ground was not too hard, Threshing and baling continued ang is nearing completion.
OHIO’S STANDARD 0iL REPORTS EARNINGS - 4
“CLEVELAND, Ri TUR). ~- The’ Standard Oil Cu of Ohio, in its * consolidated profit and loss
of 1944 today reported net earnings, after estimated net taxes of income and after all other deductiohs of $2,536,333, as compared with $2,338,730 for the same period in 1943, This figure does not include $300,» 000 deducted for wartime and poste war adjustments and other cone
' The women who
sit and wait
»
It 1snT EASY to say “good-by” to the family, and to friends, and to nice long week ends.
It may not be natural for a woman to salute and stand at attention and say “Yes, sir’. . .
But ask any Wac if she'd change places with anyone in the world—and the answer would be “No!”
For deep down inside, every Wac knows the enormous satisfaction of being truly useful at a
time of critical need.
The Wac spirit is a gallant spirit. The spirit of women who would rather be in the war, than sit-
ting and waiting for it to end.
The Wac pride is an honest pride. In a job well done. In being part of the Army of the U. S..
You really have to hand it to the women of the
WAC.... For they symbolize everything A . .
ee) Bw
Recording “hits on antr- aircraft? firing range
Debarking ii mn Hawai on overseas assignments
4
tingencies.
wouldnt
that is America.
Statement Tor the frst’ six moras
Last Yea 100,151 083,515,119 809
» FOR FULL INFORMATION about the Women’s Army Corps, go to your nara U.S. Army Recruiting Sta- » | tion, Or mail the coupon below. -
tion of oil. To Estimate Oil Deniand 2,112,541
aiane HEF The agreement hinted at an early a 30 2 & 333, $04.802 start of British-American efforts to “a Pub, ok x sede ross Hee Hi interest. other nations into an in. ternational council, emphasizing INDIANAPOLIS CLEARING MOUSE (that ifs principles “are of general Clearings strea wiih Canyhods bas r2 3 haan adaptability and merit adherence” weds 1x3 on the part of all countries Involved LOCAL PRODUCE ~|in- warld oll trade. Heavy breed hous, 206. Leghorn hens, 14 AlovAmerienst Somtuilesion; Y Es 5 made up of four metbers from gach Souptry, is charged with the|f of preparing a long term estijes of the world demand for petroleum, paying especial attention to interests of consuming nations org expanding : effective when both r their “readiness:
This Year 848,002 “hes 61
Citizens Ind Tel Consol Fin 5s 50
rocks, 2c; col i 5c; loghors epimers, 45 RA 36¢; orate 4 . Ny oe fh riat — No. 1,
; “, © WAGON WHEA PL close’ ot the "Chie market
ts. are to become indicate
port flout m,