Indianapolis Times, Indianapolis, Marion County, 6 August 1945 — Page 11

| BUSINESS—

AFFECTS

| Agriculture Department Exp

ture said today. Without attempting to predict what will happen, departent experts have looked to he future to determine what pur farmers can expect under arying levels of employment. THE CONCLUSIONS, as presentd in a special report, “What Peace an Mean to American Farmers,” ollow: If 17 million persons become unmployed in 1950—a figure comparble to 1941—the index of prices repelved by farmers will go down to 125—-about the same as 1940. But if full employment is achieved with a national income of approximately 150 billion dollars, the Amer= can farmer can expect prices for is products amounting to 165 per ent of the 1909-1914 level, This would mean the highest brices-ever received in peacetime by merican farmers except for the hoom years of 1919 and 1920 which preceded the collapse of 1921, . =

. IT WOULD MEAN, according to

ould get: $10.25 per hundred for beef cattle; }12 per hundred for veal calves; 1145 per hundred for lambs: 11.25 per hundred for hogs; 29 nts a dozen for eggs: 20 cents pound for chickens; 80 cents a bushel for corn; $1:10 per bushel or wheat; 34 cents a pound for obacco, and $65 for a 500-pound eof cotton... These prices, ofcourse, would be onsiderably lower than present artime prices. Farm prices today stand at 206 ber cent of the 1909-1914 average— higher than the prices of 1918 but below those of the boom years of 919-1920. The all-time peak was reached in fay, 1920, when prices stood at 235 her cent of the 1909-1914 base. But In one year's time they had ropped to 115 per cent of that vel. r » PRICES CAN drop again but not s sharply as in 1921. This is beuse the government is required y law. to maintain support prices f at least 90 per cent of parity for

actically all farm products for|Good and choice ............ [email protected] a . 5.50 wo full calendar years following|Gonmo0 tnd medium... 13.00@ 5.50 he year in which the war ends. Feeder and’ Stocker Cattle and Calves Prices for farm products in 1921{choice— SOHN 500- 800 8 r.esivienars 50014.75 nk to 13 per cent of party. They, jos} Bounds ©1/l.LL1L 13 201s D . | 500- 80u 8 wens vssianey [email protected] But regardless of what the gov-| foo” 00 Bas 100 ti » [email protected] nment does by legislation for the|Medium— armer in the post-war era, the 2 105) + nl PN [email protected] griculture department hopes there| 500-1000 pounds ............. [email protected] be full employment to take CALVES (Steers) * {Goud and chof re of the situation. 500- 900 pounds . [email protected] “What peace can mean to Amer-|Medium-— n farmers depends more on the| 300 pounds down oo ..... [email protected] vel of business activity and non-|Good and choice— arm employment that can be 2 founds down ....o5 [email protected] naintained after the war than upon| 500 pounds down .... oo [email protected] ything else,” the report said. SHEEP (825) .“The net conclusion is that With| Good and chore. th wa s3 ull employment the post-war ad-|Common and medium Bins 3.50@ 5.00 ustments required in aprisuliure Good and choice... pring 13.00g1400 be manageable but that the|Medium and good :.......... 1.50012. ifficulties will - multiply - as the COMMON 5. vn acs svhraveine [email protected] humber “of unemployed is in-

J reased. ”

AGK WINS FIGHT ON ETERANS' SENIORITY

CLEVELAND, Aug. 6 (U. P.).— William 8. Jack, president of Jack Heintz, Inc. today had won his ight -with the International Assojation of Machinists (A. F. of L.) nd outlined his post-war plans. Jack and the union had fought bitterly over the seriority righus of lischarged servicemen who pre-

jahco. A union meeting Saturday pver the question broke up when e associates booed union officials who would not permit Jack to peak. At a second meeting called by the president of the sprawling war plant esterday, Jack's views were warmly | fupportéd by his 3000 associates. An|P nofficial vote showed that the em- |p,

peniority rights in behalf of exicemen and servicemen’'s wives. Jack said that his “plans for tonorrow” included dividing 50 per nt of all profits among associates huarterly; a guaranteed annual ge based on hourly rates “not ess than today” and an insurance rust that will pay 14% per cent pf yearly earnings at 60 or after|€ 10 years with the company.

N REOPENING OF

CHICAGO, Aug. 6 (U. P.).~Col L. Finkenstaedt, head of the air echnical command central district, id today that plans for the repening of the Studebaker aircraft e plant in South Bend, Ind, pre “fairly definite.” x He sald increased production of parts for B-29 Superfortress was “critically needed” for war in the Pacific. he Dodge Chicago plant doesn 't

PTIR

C! production,” he, said. “The b debaker plant in South Bend is

SAY EMPLOYMENT FARMERS |

High National Income and Depression Have on

Prices of Farm Goods.

By EARL RICHERT Scripps-Howard Stal Writer

WASHINGTON, Aug. 6.—Trouble is ahead for the currently prospérous American farmer unless full employment is achieved after reconversion, the department of agricul-

Hepartment estimates, that farmers |

iously had not been employed at 1

bloyees were in favor of waiving

STUDEBAKER PLANT

the capacity to handle in- Debi

erts Report on Results That

HOG MARKET STEADY HERE

Receipts Include 1675 Cat-

a native village as it works on an

fight on Okinawa, roads are constructed and improved.

Roads are important to maintain the movement of supplies and troops.

uncompleted highway,

| Action |

Here an Adams motor grader passes through

on Okinawa :

Lie

As marines and soldiers

tle, 3650 Porkers.

Another active clearance at firm prices took the 3650 hogs received at the Indianapolis stockyards today, the U, 8, department of agriculture said, The 1675 cattle and 650 calves received were fairly active at steady prices, The 825 sheep and lambs dropped sharply in price.

GOOD TO CHOICE HOGS (3650)

120-140 pounds +00. [email protected] 140- 160 pounds . «+ [email protected] 160 pounds up 14.80 MEDICAL SURPLUS Medium— | 160- 220 pounds craeneneas [email protected] esi dm IS SOLD TO UNRRA Good to Choice a: 4 400 pounds «.....0000enn 14.08 oo WASHINGTON, Aug. 6 (U. PJ. 400- 500 8. oosevivisesan 14.08 : ium. pounds ~The army and fiavy today an250- 550 POUNGS .i.iviivrin [email protected] nounced an $800,000 sale of surMedium. to Go vugbiet Py plus medical supplies, wool caps 90- 120 pounds ......... . [email protected] | and mules in the Mediterranean CATTLE (1675) theater to the United Nations reSteers Choloss lief and Yehabilitation, administra300. 4 pounds SPREE J4.35¢ 5 tion. . RAS: «irevanyrers : UNRRA reportedly pli to use 1100-1300 pounds ....ceccuese 16,50@1 1300 -1500 Funds esssnsneeses 10.506 1790 the materials in the Balkans. C00. 900. pounds ...veerser.. M478@182s| Ma). Gen. Donald H. Connolly, 00.1100 pounds saneraan en . J.90 18.50 army-navy liquidation deputy comDOUBLE srurevinnn . missioner, said the surplus property 1300-1500 pounds ..... ceases [email protected] : Medium— boul » board had set this formula for-dis-pounds £013:[email protected]

[email protected]% . 11,00013.50

OMMON-— - 700-1100 pounds ......;..e0

Heifers : Cholce— 600- 800 pounds .......scee 13.2319 90 800-1000 pounds .....i.eces: [email protected] Good ) 600- 800 pounds .......s.00 [email protected] 800-1000 pounds ......eeeies [email protected] Medium— 500- 900 pounds ......o0eees Common : 500- 900 pounds . [email protected] Gowns (all weighte) 0 PE jai Medium 212.50 Cutter and common. @10.50 CBRRBE . vsiverinnarsnooianinns 2 1.50

Beef Bulls ( all weights)

Good (all weights) ........ [email protected] Sausage— GOO. ......ciirvrvnisnisia [email protected] Medium Sd Wear aber [email protected] Cutter and common........ [email protected]

CALVES (650) Vealers (all weights)

LOCAL ISSUES

Nomina! quotations furnished by Indianapolis securities dealers:

STOCKS Bid Asked Agents Fin Corp com........ 1% : Agents Pin Corp pfd 20 L 8 Ayres 4%4% vid... } Ayreshire Col fol. Crsasibaes 10% Belt R Stk Yds com.......... 39% Belt R Stk Yds ptd, svsrany vous Bobbs-Mertill com . e ‘ie Bobbs-Merrill 4'%2% otd . 86 vou Central Soya Sum. . ‘ 31 Circle Theater com ....... . 58 as Comwlith Loan 5% ptd 105 107% Delta. Electric com. ........... 14 15 Electronic Lab cam. w § 5% Ft Wayne & Jackson RR pd . M% 8% Hook Drug Co com ........... 19 rer Home (T Pt. Wayne 7% pid.. 51 rs Ind Asso Tel 5% pid ........ as Ind & Mich E 4%s pid 110 ndpls P & L ptd ....... 118 Indpls P & OM erase 25% Indpls Railways com. 19 Indpls Water pfd . ......... Seve Indpls Water Class A com. 19% .... Jeff Nat Life com............ 18 ik Kingan & Co pfd............. mn 2 Kingan & Co com...... 4% 5Y Lincoln Loan Co 5%% pid. 97 01 Lincoln Nat Life com ......... 53 55 P R Mallory pfd ....icoevune 30% 32 P R Mallory com .....vvoviees 28% 30 Mastfo Asphalt —.....o0enses T% 9 N Ind Pub Serv 5% .108 110% Pub Serv Ind 5%. 104 06 b Serv of Ind com 30% 31% Progen Laundry com ........ 11% .. Ross Gear & Tool com....... 25% Ind G&E 4.8% 111 113 Btokely-Van Camp pr of Vaend 19% 20% Terre Haute Malleable .. 6 TVa 8 Machine com....... 3 3% United Tel Co 5% «+. ivvvvis 90 ee Union Title com ..........c000 30 BONDS American Loan 4%s 85. ....... 98 100 Buhner Fertilizer 6s B4....... 98 i American Loan 4%s 60 ,..... 98 100 Ch of Com Bldg 4's 61...... 9 ba Citizens Ind Tel 4'zs 61 : Ere Columbia Club 1%s 58....... 80 88 Consol Fin 5s 66 ‘ rea Ind Asso Tel ce 38 10..... 1 ‘avs 94 8%

rp Bs Williamson Ine. 5 BS.... *Ex-dividend.

U. S. STATEMENT

WASHINGTON, Aug. 6 (U, P.).—Government expenses and Jekuipis id the

current fiscal year through Aug. come pared with a year ap “This Last Year . Expenses § 9,381,381,403 $ 9,143, 179, 138 War Spend'g 8,025,034,047 152,071,220 Receipts 2,053,791,828 2,414, 1022 Net Deficit * 6,427,580,165 200,116 Bi 21,782,304,876 21,371,754,714 Public De! 262,528,550,900 210,340,021,640 Gold iniold 20,151,180,403 ,996,820,062 INDIANAPOLIS CLEARING HOUSE Clearings. .....vih vias we ah ahh $ 4,474,000 8 vans aaa 15,189,

anti-malarial sprayers, secticide, [email protected] | surgical instruments and bandages.

A.F.L. EMPLOYMENT

American Federation of executive council, opening a 10-day quarterly meeting today, was ex: pected to report on measures necessary for full V-J day.

posal of 6verseas “surplus at its

‘fair’ value”: Procurement costs

in the United States, plus cost of transportation over 4000 miles of water, plus other handling costs.

The medical included DDT in-

sterlizing machines for

supplies

REPORT EXPECTED

CHICAGO, Aug. 6 (U, P.).—The Labor

employment after

The council will prepare a re-

port on national and international

problems facing American workers, A. F. of L. officials. said.

Labor fo First Nationalize

British Mines, 'Steel’ Says| THE WAY--T0 ARMY

CLEVELAND, Aug. 6 (U. P.),—British coal mines probably will be| formed into a public corporation in line with the British Labor party's program, the magazine “Steel” said today. In a cabled article from its European editor, Vincent Delport, it| {mechanical refrigerators by next was pointed out that labor is committed to nationalization of the ¢coal|April, but watned civilians not to mines, transport, electricity distribution, the iron and steel industry, expect any - for themselves in the

and the Bank of England. “Most probably it will begin with | the’ coal mines as a public corpora- | tion,” Delport wrote. “Miners are insistent in their demands for nationalization now. The program probably will mean the closing of the more inefficient mines and integration of the more produetive mines now operated as individual units.” Nationalization of railroads and air transport as public utility companies probably will follow, Delport said, adding that railroad operatives want © it. ~ Electricity distribution may follow later, he said, but predicted that nationalization of iron and steel will be “a tougher and more intricate proposition.”

"Iron Later .. Referring to iron and steel, Del-

‘port asserted that it is doubtful that

labor yet has a detailed plan, pointing out that the industry is strongly organized to resist and meantime will carry out its own five-year plan. Although the stock market re; acted to the election news, there is no indication of panic, Delport declared. It is generally believed that “cheap money” will continue, ‘with wages almost certain to go higher, he said. Working hours will ‘be reduced with the “usual effect” on production costs, Delport concluded

$13 MILLION FOR RESEARCH

NEW YORK, Aug. 6 (U. P)— National Cash Register Co. disclosed today it had spent more than $13,000,000 fof research -and engineering in the last quarter

REFRIGERATORS ON

WASHINGTON, Aug. 6 (U. P.).— The war production board today authorized production of 1,155,000

|near future. WPB said the refrigerator stockpile has dwindléd down to 20,000 from which it must supply hospitals, laboratories, blood banks and military needs. When new production i8 enough to fill this demand, WPB said, restrictions on civilian purchases can be relaxed. “But,” it added, “no time can “be set for such action as the problem is so immediately’ related to the progress of the war.” The outlook on the civilian radio front dppears much better, however. WPB has authorized the industry to produce 2,500,000 radios during the last three months this year, and expects to okay production at pre-war levels during tne first- quarter-of 1946. “John D. ~Small, WPB-* chief of staff, said radios would be on the market soon in increasing numbers and “the public won't have much trouble buying them as Christmas presents.”

ARGENTINE TRADE DOWN

BUENOS AIRES, Aug. 6 (U. P.). —Argentine foreign trade, exclusive of gold, dropped by more than $54,000,000 during the first half of 1945, it was disclosed today.

LOCAL PRODUCE

(Prices for plant delivery) All breed hens 25.9c. Broilers, frvers and roosters under § The, white and barred rocks, 30 3-10e. All No. 2 poultry. 4c less

Lack of Electrical Energy

POWER PINCH PLAGUES SPAIN

Hampers Industry,

Br LEIGH WHITE Times Foreign Correspondent BILBAO, Spain, Aug. 6. — The worst drought in yéars ‘has so intensified Spain’s chronic shortage ot electrical power that the steel mills and other factories of this Basque

age of only two days a week. To avoid hunger-produced labor disturbances, however, the workers of Bilbao—like those of Italy—are being paid a full week's wages regardless of the number of hours they actually are employed. During its honeymoon with the Nazis, the Franco government had hoped to receive large quantities of electrical machinery in return for its shipments to Germany of minerals ‘and other raw materials. Germany however, proved unable or unwilling to provide enough elec trical equipment even to fulfill Spain’s replacement needs. Machinery Wearing Out The construction of hundreds of new factories and the extension of power lines since the civil war, meanwhile, has increased the demand for electrical energy. But power production has been dropping steadily because of the deterioration of existing machinery, and now the water famine produced by droughts has created a critical situation.

industrial city aie working an aver- #

French Captain Will Speak Here

UNDERGROUND activities against the Germans in France will be among the war experiences described by Capt. Lucienne Marchand, one of four French women army captains in the resistance movement, when she speaks here tomorrow night. The first woman Maqui to visit Indiana, Capt.-Marchand Capt. Marchand wi}] address the dinner meeting of the National Association of Manufacturers and the Indiana Manufacturers association when they celebrate the 50th aniversary of the association at the Columbia club. Capt. Marchand led a unit of 180 men in two battles against the Nazis, and wears the croix de guerre and the medaille de Blesse, the latter the equivalent of our purple heart. Since Capt. Marchand speaks no English, she will be accom- |. panied by an interpreter, PierreAndre Weill, general secretary of France Forever, the organization sponsoring her visit to America. A luncheon at the Hotel Severin will be given for Capt. Marchand temorrow by the French Forever, Indianapolis unit of the Fighting French committee in the U. 8, Officers of the organization in charge are Edward Petri and Mme. Marie Henry, co-presidents; C. Alfred Campbell, and Mrs. Charles

-- In Bilbao electricity is so severely rationed that private homes can be

1:00 a. m. The use of elevators has been prohibited. Street cars and in- | terurban trolleys have had to reduce the frequency of their runs. Elsewhere in Spain the shortage of electricity is even more acute. In Madrid, for example, even hotels and public buildings are without light except for three hours each night. The water shortage has not only blighted Spain's housing and shipbuilding boom, but has produced, also, a disastrous crop failure, which threatens to cause widespread hunger during the coming winter.

{The bread ration, already small, may

have. to.be reduced still further,

FARNSWORTH BUYS N. Y. FIRM, PATENTS

Times Special FT.WAYNE, Ind, Aug. 6.—Entering the post-war field of transportation communication and control, Farnsworth Television & Radio Corp. has acquired all the assets of Halstead Traffic Communication Corp., New York, including patents for railway and highway radio com-

munications, Farnsworth officials said today. SEE NO INCREASE

WASHINGTON, Aug. 6 (U. P.).—

Old roosters, 21 9c

Eggs—Current receipts. 5c: evade large, 43c, grade A medium, 37¢c; No grade, 34c,

50c. Butterfat—No. 1,

century.

Butter —No No. 2,

1, 40c; 36¢.

The office of price administration * has said no increase above present {ceiling prices is expected on domesIte or Swedish pulpwood.

Greathouse Sr., co-vice presidents; Miss Marguerite Mouron, secre-

lighted only between 10:00 p. m. and | tary, and John Caldow, treasurer.

(OPA WANTS MEAT

cafeterias and restaurants.

minimum amounts of meat.

operation of the meat industry. MORE WORKERS ALLOTTED

Sept. 1.

STATE FIRM EXPANDS

ing facilities.

FARMERS

ASK PEACE POLICY

Want Serials die Groifls Adopt Employment Program.

WASHINGTON, Aug.-6 (U. Ply» The. National Farmers Union today asked the senate war investigating committee to add a four-point pro gram “to. its recommendations on preparing the nation for peace. James G. Patton, president of the farmers union, wrote Committee

FOR WAR PLANTS

WASHINGTON, Aug. 6 (U.P) .— The office of price administration requested the meat industry today furnish minimum meat requirements to war plants operating

Many in-plant feeding establishments have had difficulty getting Some 7,000,000 workers eat at such estab~|lishments daily. : OPA said that it had authority tol direct meat shipments into these establishments, but it preferred to work the problem out with the co-

LAFAYETTE, Aug. 6 (U. P)., — Supervisor J. B. Kohlmeyer of the Indiana office of emergency farm labor,' announced today that the state had been allocated an additional 375 foreign workers for agricultural jobs between Aug. 5 and

CHICAGO, Aug.- 6 (U. P) ~The Standard Oil Co. of Indiana today announced the formation of an engineering research department and the expansion of present engineer-

{Chairman James M., Mead (D. N, {Y.), that he shared his fears thas | this country’s unpreparedness would {bring ‘wholesale unemployment if the Japariese war ended suddenly, Gives 4 Points He asked the committee to accept these four recommendations as ite own: : 1. A gradual and. stepped up re= lease by the military of materiale and manpower. 2. Every possible attempt should be made to adopt the so-called “full employment bill” now before the senate. 3. Enactment with ‘the “utmost possible speed” of bills proposing such activities as the Missouri val. ley authority, the St. Lawrence waterway, the new Wagner-Ellender housing bill and the hospital cone struction bill Program Outlined 4 A new agricultural program should be prepared “because it is exceedingly important that the profound economic change that will follow V-J day not be allowed to set in motion an agricultural defla« tion of the kind that followed the last war.” Both Republicans and Democrats in the senate now have outlined ambitious programs on reconversion and post-war legislation which they plan to press after Congress ree convenes Oct. 8. The administration program was announced just before the senate recessed last Wednesday.

Only ‘Essential’ Users Get Jeeps

WASHINGTON, Aug. 6 (U. P), —The office of defense transportation reminded civilians today that a jeep is classified as a truck and not as a passenger car. Civilian truck purchases are restricted to essential users. Therefore, ODT said, new jeeps being manufactured for civilian sale will be sold only to persons contributing directly or indirectly to the prosecution of the war, This will include farmers, ODT said. The essential classification is not required of civilians purchase ing surplus military jeeps.

230 FACE JOB LOSS BEDFORD, Aug. 6 (U. P.) —Ape proximately 230 workers at the Delco-Remy plant were expected today to lose their jobs as the result of a cutback order. The cutback was the second received by the plant this year,

Wi OPPORTUNITIES will there be for jobs after the war is won? Jobs for returning soldiers, for salons, | for demobilized war workers?

No one can say, exactly. But this much is known: business is plannidg to meet quickly the demand that will exist for all sorts of things after victory — and out of which jobs will come.

Take the coal industry. Not only will coal continue as one of our basic sources

Millions of pairs of nylon hose will be made from coal. Making them will make jobs.

Before the war, fylon was made from coal. So were the life-saving sulfa drugs. During the war, new medicines, chemicals,

of power, but from coal research have coms & hot of Sew poducty that will even further increase its use.

~The new, fat, coat arming steam turbine clectrie—big source of; postwar jobs.

If you have a war job, stay on it—there'll bo lits of opportunities after Victory!

proof table-tops made from coal. There are even revolutionary locomotives — in-. cluding the C & O-planned steam-turbine electric—that operate on coal and develop undreamed-of smoothness and efficiency.

All this will increase the demand

A cigarette bums harmlessly on a fire-proof table-top made from coal. More jobs in the making!

Power to tum postwar wheels. More jobs from coal

How Many Postwar Jobs-from Coal?

for

plastics and things beyond imagining have coal~-and demand for goods makes jobs. } grown from research in coal. After the war, there will be lots of opPostwar, you will find sheer, wrinkle portunities. So, if you are on a war job, . proof dresses made from coal. Sturdy - stay on it until Uncle Sam says it's finshoes made from coal. Shimmering, fire- ished. Victory must come first.

A Report on ihe Prospaciy for Postwar Employment In The Industries Served by

Chesapeake & Ohio Lines

Cleveland CHESAPEAKE AND OHIO RAILWAY

NICKEL PLATE ROAD PERE MARQUETTE RAILWAY