Indianapolis Times, Indianapolis, Marion County, 10 September 1945 — Page 6
tries, that made possible the be controlled by the united
islands lack the raw materials | for making them and must rely on imports. Japan cannot rely on agriculture alone because there is
not enough farm land in the islands to raise all the food required. The rehabilitation of her former great fishing industry will help feed the population and also bring in a cash income again from foreign sales. The production of raw silk, the sales of which in prewar days was 14 per cent of the value of her total exports, can be increased, and silk manufacturing can become a8 more important home industry.
Forests Could Be Used
Wood products, not particularly important in the past, might well become one of the principal means of support. of the Japanese people. The four main islands have some 40 million ‘acres of forests, some good and some poor, but containing vast quantities of timber suitable for almost every use and for the production of vast quantities of some of the newer wood products, including chemicals. Much of the timber is virgin, being in hard-to-reach niountainous places. Approximately one-half the forest area of Japan is under government or othér public ownership, and has been carefully preserved as a soil and water . conservation project. These areas, however, can be safely fogged under modern sustained1d methods. without inferference 2 ir tS ancl VRE. Japanese forests contain a great variety of trees because of climatic conditions. The north is kept cold ‘by icy ocean currents from Bering gea, and the south is warmed by ‘the so-called Japanese current that washes the shores of the Philip. pines, the Ryukyu islands, Kyushu, Bhikoku and southern Honshu.
More Land Available The gross land area of Californiasize Japan proper is about 97 mil.
lon acres are under cultivation, Another five million acres, if cleared, drained, terraced or otherwise developed, could be brought under cultivation. About one-half the present cultivated land is used for rice growing. Barley, rye, wheat, millet, beans and potatoes are the principal food crops grown on the other half. Tea for home use and exports is also important. Japanese farms are necessarily small. In 1038 there were more than five million farm households. ~ Agriculture is of the intensive type, practiced, however, almost wholly with hand tools. Yields are fairly high, but could be increased with the use of fertilizers. As relatively few cattle are raised, barnyard manure is scarce, and imported chemieal fertilizers are too costly for most farmers. Fish fertilizers, from the great Japanese fishing Industry, are used. In spite of intensive farm. ing, Japan has had to import food.
LOCAL PRODUCE
Saturday, Sept. 8 SPHomt or, Jans delivery)
tlers, fryers and Tooutens Jd ’ bs, whith od barred Jocks, Leghora spHugers All No. 2 poultry, e Be. Old roosters, 20¢ Eggs—Current receipts, 35c; grade A nes 43¢c; grade A medium, 38¢; under grade, 33c; pullets, 0c. Bu teria h 80s. Butterfat-No, 1 €0c;: No. 2, X
LEVINSON
$245 $760
"Nations because the Japanese
{ion acres, of which about 15 mil}
-
HOW WILL JAP - SUPPORT PEOPLE?
To Feed, Clothe and House 70 Million Decently, It Must Increase Manufacturing Industries.
“By Selence Service WASHINGTON, Sept. 10.—Deflated ‘Japan will necessarily have to increase her manufacturing industries in the next few years if her 70 million people are to be decently fed, clothed and housed. The tountry’s heavy metal indus-
building of war var machines, can
OPEN TALKS ON AID TO BRITAIN
Problem Is How to Provide $4 Billion in Credit.
WASHINGTON, Sept. 10 (U, PJ). ~-High American and British officlals begin a series of economic and financial conferences this week in search of a formula for helping Britain back onto her economic feet. The problem is how available to Britain up to $4,000,000 000 in credit over the next -three years. A direct American grant is out. Congress is not in a political frame of mind for that irrespective of possible long-range benefits to the U. 8. and the world, _A_hard-driven bankers loan is
/
"THE IN DIANAPOLIS TIMES : andard oil Starts New. Laboratories at Hammond
This architect's sketch shows how the new laboratories being built by Standard Oil Co. of Indiana at
Hammond will look when completed. They will cover two city blocks adjacent to Standard’s Whiting refinery, the largest complete refinery in the world. Excavation is under way for the main administration
and chemical engineering building, general laboratories and three pilot-plant buildings.
Construction of
an engine laboratory, additional pilot-plant buildings and other research facilities will follow. The com-
ceiling in an active market.
recovery noted on most classes, day's best prices.
LOCAL ISSUES
pany now has 200 technologists and 260 other research workers in old somewhat cramped quarters scattered throughout the Whiting ‘plant,
120- 140 pounds 140- 160 pounds ..
equally impossible. The British contend that they are not financially able to add to their already vast debt at “normal” rates of interest. American economists agree. The broad field between those two extremes will be the ground which the Americans and British will be~ gin exploring this week. Lord Keynes, famous British economist, and Lord Halifax, ambassador to the U. 8, will head the special Brit ish mission. Assistant Secretary of State Willlam L. Clayton will sit across the table for the U, 8,
Discussions Significant
The American-British agenda will HL AO A AR GN ancial arrangements, but also lendlease settlements, commodity arrangements, long-range commercial policies and disposal of surplus properties. American stencils are oonvinced that these discussions may well be the most important of the immediate post-war period. The U, 8. and Great Britain are the two greatest world traders. The results of their discussions may determine whether & full United Nations conference on world trade can succeed in creating a trend toward a system
barriers. Failure to find a way of getting Britain back onto her feet may drive her to maintenance of what the economists call bilateralism. Broadly speaking that is the system the ‘Nazis developed in the 1930's and in many respects the one now in practice in Britain, It involves agreements whereby the sterling received for sales to Britain can be used only for direct purchases of British goods.
Would Lose Big Buyer
Such a system-if Britain were forced to resort to it on extreme terms—would foree her to make bilateral . arrangements with the western European countries and possibly a deal with Russia. The repercussions in this country would be serious if that came to pass, The U. 8, opposed to bilateral agreements and firmly committed to multilateralism, would lose one of her best customers, Some economists fear that such a policy on Britain's part would make it impossible for the U, 8. to conduct its foreign trade on the principles of private enterprise and nondiscrimination, The actual outlook, however, is better than that, If the U. 8. and Britain can reach an agreement on an interim financial arrangement it
Business Director
seems certain that Britain will be
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JR A WE Buy Diamonds
HIGHEST Shih PRICES
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PICTURE -STORY
i THE JEWEL LIN SAINT L
H OF LAST YRAR SHOWN ABOVE WAS FEATURED IN THIS SPACE. THE STORY | fOF DESCRIBED AN IMITATION COVERED | WELL THAT HAD BEEN INSTALLED IN A FLORAL SHOW PLACE
THE
4900 Hogs Received Here; Prices at $14.80 Ceiling
About 4900 hogs were received at the Indianapolis stockyards today, to make the war food administration reported, Prices remained "at the $14.80
The $14.80 level prevailed not only for good to choice butchers from 160 pounds up but also for the bulk of the 140 to 160-pounders, Receipts also included 1775 cattle, 775 calves and 1425 sheep. Cattle sales were more active than last week's, with some price
Vealers advanced 50 cents
to Fri-
GOOD TO CHOICE HOGS (4000)
w8l4/ "Liseditie 80
ONTARIO BILL CURBS BROKERS
May Stop U. S. Criticism Over Sale of Mining Stock.
By ELMER C. WALZER Jnited Press Financial Editor TORONTO, Sept. 10,—~The province of Ontario government is to t fraud in the
STATE UNIONS
SEEK SUPPORT
Ft. Wayne Locals Enlist Aid Of Other C. 1.0. Units.
ica, announced yesterday that the local unions involved in the Mag-
west, Local unions of the U, E. R. M. A. in the Ft. Wayne area are scheduled to hold joint meetings.of their executive boards and communit action committee membérs Friday at district headquarters to make plans for the active suppert and financial assistance. Gojack said that the Friday meeting will include representatives of Radio Workers’ unions throughout the Midwest and officers of the Indiana State Industrial’ Union Council, including James McEwan, president, and Walter Frisbie, secretarytreasurer. He said that these officers of the C. I. O. unions are being. called to Ft. Wayne for the purpose of “mobilizing the strength of the C. I. O. and of the community to see to it that workers have jobs and adequate wages in Ft. Wayne and elsewhere.”
600 Still on At New Castle
NEW CASTLE, Ind. Sept. 10 (U.
—Tanxious—io
prev sale of securities and to maintain the good will bf the United States, George A. Drew, premier of the province, said today in discussing a new securities act for Ontario. The new act already has been passed and awaits only proclamation to become law, It strengthens the policing power of a securities commission and it is believed here will eliminate recent criticisms of some brokerage- practices in the sale of mining stocks in the U, 8. Drew pointed out that the new act differs in approach from the U. 8. securities acts. He did not believe that “it is within the power of-any government agkroy. to take investors by the hand and’ guide them past every pitfall they may encounter,” and “that any implied assurance that the government has in some way approved of securities which are offered to the public is in itself a possible encouragement for fraud. We believe that the best way to stop fraud is to prosecute for fraud with the expectation that our courts will impose sentences,
Never Had Complaint “We will insist upon essential in-
s formation being given to the pur-
chaser at the time of sale. He told the said recent complaints on sale of securities in Ontario were not made directly to officials of the province, Statements on methods of selling Ontario gold mining stocks had been made by the states of Michigan, Pennsylvania and New York, and by the U. 8. securities and exchange commission. “Neither the attorney-general of Ontario, nor I, have at any time received representations in regard to the sale of securities from the head, or any member of the cabinet, of any government in the U, 8.” Drew said. #We have received many copies of cease and desist orders issued as the result of alleged breaches of laws or regulations governing the
orders in themselves, however, con= stitute no basis for legal action.
rer pounds up... 1480 Nominal quotations furnished by Indi.|™edium= snapolis securities - dealers: 160- 220 pounds 13. BOI Bid Asked Packing. Sows Agents Pin Corp com. .,....es KE «| Good to Oholes Agents Pin Corp pld...vivuves 1 0 270- 400 pounds .....evveiive 14.08 LB Ayres 4% pd... .eeovvise oe ATT Col Ton 4% 10%] 400- B00 POUAS .1euncneeee 14.08 Belt R 8tk Yds i edium— Beit R Stk Yds p “ve : 250~ 060 MBAS ii vinuinies [email protected] Bobbs-Merrill ry pia. crv Slaughter Pigs Central Boya com .... . 40% | Medium to Good *Circle Theater com .....cses |! rs 90- 120 pounds . [email protected] Comwith Loan 8% Pig. sass. In 108% CATTLE ans Cons Fin Corp p ana *Delt# Electric com 15% | Choos... Steers own Electronic..Lab com 5% Fi of pounds 13.200 11.80 Ft Wayne & Jackson RR pid. 9 98 | 100-1300 po ks sone ns Hook Drug Oo som .,... ‘19 20% 5 pouncs ... +o 18, ‘0 Home IT Ft Wayne J pid... 51 _.:. | 1300-1500 pounds « [email protected] Ind Asso Tel 5% iw rae 08 .s 00 24.35 “Ind & Mich E 4'a% pid... 108 108% pound kg un I jo 16:50 Indpls P & L pfd ..... 112% 115% |,900-1000 pounds Indpls P & L com hea 28% 1100-1300 pounds [email protected] INARI. WALOr DIG... nae: 105 cd 1300-1300 pounds + [email protected] *Indpls Rafiways com ........ 17% 18% Hum Indpls Water Glass A com vr] 00-1100. pounds ..vuciensee. 1213018.00 Nat Life com a So - POUDAS civonessonnnn # iy ee % Due! TAMAR ar: Sie x 3 NAY Ras 2 5 = Coin “vg Ea A PORREE Tis Fits i RINE IN Lincoln Loan Co 5% % pid... 97 101 {Choices Heifers Lihcoln Nat Life com ......, § ...] 800- 800 pounds .......cvees- [email protected] P R Mallory ptd .... 32% | 800-1000 POUNAS +ovvvvrrnnees [email protected] *P R Mallory com ... 32% | Good & Mastic” Asphalt 8% | 600- 800 pounds ...... Eanines [email protected] N Ind Pub Serv 5% 118 800-1000 pounds ...ceeiese eos [email protected] Pub Serv Ind 5% .:..iecianes 1 Medium > Pub Serv of Ind com iivvvs 34's g- $00 pounds ..evsrevserrs 120001450 *Progress Laundry com . , + {Common Rot heat & Tool com . a 28% | 500- 900 pounds ........ . 10.009 12.00 80 Ind GO & B 48% .. A 113 Cows (all weights) : Stokely-Van Camp pr pf oc. 30 31 Good L.ivivrienn.. ceveies [email protected] Terre Haute Malleable ....... 1 Th Madi... visa [email protected] U 8 Machine com k 3% | Cutter and common ......... 7.000 9.78 United Tel Co 8% ties Snsnes 5.50@ 1.00 Union Title com soos" Bulls a weights) American Loan 4% 85.....:.. 98 100 200d (all weights; [email protected] Buhner Fertilizer 5s 54....... 98 ort Sausag Ro 11.00012.00 jean Loan 4%s 60....... 88: 00 DONC [erasserseaiiiases . [email protected] Oh of Com Bldg 4's 61....... 91 RR fron m Bd. Sommen. ‘8.000 9.7 Citizens Ind Tel 4las 61..... 103 sans eUMIAE. 8 mm Columbia Club 1s 8s. ,...... 80 8 CALVES (178%) ongol Min 88 B6...... . ...c.0. 9 aria Vealors (al weights) ind Asso Tel Co 414s 70..... 108 | Good and choice ............ 16.00@ 16.50 Indpls P & L 3%8 70......... uw +| Joramon end medium ........ 10.00818.80 Tndphs Rillwags Co 2 J1 0. 8 GUID Tr yus wus snsivaniann ns reas 5.003 9.50 Indpls Water Vas . . Kunner ¢ Packing Co dg 84.0... 9 : J and Stocker Cattle and Oalves N In ery 3%s 73. . vous N Ind Tel 4%» b 03 veer] B00- 800 pounds ....... cesene Bugis Pub Bery of Ind 3%s 13 108% ... 800-1050 POUNAS seceevsvonss 18. 15.00 Ee Haar re ¥en: os oT) er 200 pounds 12.00013.50 as Ter! 0! 8.87. yan \ - cessaesnsnnne 13 RJ alae Bs 65..... 0s vees | BO0-1080 POUNAS ..eessesveses 43.00013.50 *Ex-dividend. Medium - * 800-1050 POUNAS ..vvesenvesss [email protected] OTe willing to turn from bilateralism to] 300-1000 pounds .........e... [email protected] multilateralism, In fact Britain CALVES (Steers) already is limited in her cholce|990d and ehoite—~ ~~ 100001600 between the two by virtue of com-|Medium mitments she has made in the At-| 500 povnds down sires [email protected] lantic Charter and in article VII oflgsoa and shotes— ; the master lend-lease agreements, ny Sunda dOWD ...iveseesee 14.00016.50 In the lend-lease agreements both| §00 pounds down ........... [email protected] the U, 8. and Britain agreed to seek SHEEP (1425) joint action directed “to the elimina- dei Ewes (Shorn) S500 440 Good wan SROIOE ..... verre h tion of all forms of discriminatory | Ene nd medinm 3.50G 5.00 treatment in International com- Lambs (pring) merce, and to reduction of tarifts | Good and pShotos. .. Hi 1300 12.18 " * » y . and other trade barriers. oom, and good. [email protected]
& STORY BECOME A *WISHING WELT IN IN THE MINDS
THOUSANDS OF VISITORS, MONEY INTO THE WELL AND MADGA Ln, THE: WAR CHEST,
THAD WHO DROPPED |
18™ 21" 24 CASE CLOTHES 215 N. Senate Ave. Open 9 te 9
RS LS ———
OXYGEN THERAPY
This Equipment Can Be Rented of
HAAG" Ss
QY
SISK on wooo
sale of securities in the U. 8; These]
P.) —8ix hundred employees of the Perfect Circle Piston Ring Co. foun-
dry plant remained on strike today as state labor conciliators attempted to settle issues blamed for a walkout two weeks ago. Plant Manager Richard Bancroft said that the strike appeared no nearer an end than it. did the day it began. Efforts to negotiate a settlement were made by Vacil Harrington, representing Indiana Labor Commissioner Charles W. Kern. The walkout followed consolidation of several Jobs suggested by a time study specialist for the union, according to Bancroft. Union officials said the consolida-
that a pay scale difference remained unsettled.
WLB Gets Two
Terre Haute Cases
TERRE HAUTE, Ind., Sept. 10 ({. P.) ~The war labor board today
corisidered two southwestern Indi-|crop, ana labor disputes at the request of Louis Austin, president of district 11 of the United Mine Workers. Austin said that in one case involving the Northwest Coal Co. of Blanford and the Chesser Coal Corp. of Washington, Ind., employees already had voted to strike because they were not paid overtime for the sixth day worked during the 1944 Christmas week. The other dispute, he said, was caused by the refusal of the LintonSummitt Coal Co. and the Knox Coal Corp. to bargain collectively with their supervisory employees.
navox and the Phelps-Dodge work! stoppages had started ‘a movement! to gain the full support of organ- _ {ized labor in Indiana and the Mid-
don was met qoptesad Phe seta
New Mortgage Offices Opened
Mrs. Florence 8. Kirkwood, president of Superior Mortgage Co., announced today the opening ot offices in the Lemcke build-
FT. WAYNE, Ind, Sept. 10 (U.| P.).—John T. Gojack, district pres-| ident of the United Electrical, Ra-| dio and Machine Workers of Amer-|
ing. Mrs. Kirkwood, in the mortgage loan field more han 20 years in Indiana,
Texas and ; : West Virginia, = will talize Mrs. Kirkwood in FHA loans. The company
also will handle fire and- other casualty insurance, real estate
| sales, rentals and property man-
agement.
LOCAL FIRM MAKES PORTABLE BEACON
A light-weight, portable flashing beacon for identification signalling at military airports that produces high intensity, short duration, intermittent light flashes was announced today by the Electronic Laboratories. The beacon operates from 110 volts direct current, or alternating current and utilizes a vibrator power supply, for converting to 2000 volt direct current to produce the flashing light. Electronic Laboratories have also designed the equipment to operate from 6, 12 or 24 volt storage battery, All connections are made with water proof plugs, and the carrying case itself is completely water proofed. The beacon lamp may. be mounted separately on a pole if desired. The unit weighs far less and requires much less power than a stationary rotating beacon. The
tlight-is-visible, under normal operat-|
ing conditions, for at least 20 miles at night. It produces 30 million candle power and is easily visible in daylight for a considerable distance. The local firm believes that beacon .lighting equipment of this type will be in demand by airports in smaller communities which cannot afford the stationary rotating type beacon, and also as emergency stand-by beacons for larger airports. The lamp has already been put to one novel use, It has been directed toward cloud banks overhead and produces a definite reading on a reflection caught by a light meter. Gaging the time between the release atthe light flicker and thé refected reading on the meter gives an accurate check on cloud bank heights.
WAGON WHEAT
India
napolis flour mills and grain
ele vators Ei paying $1.54 per bushel for] their
No. 1 red wheat (other grades on merits); new oats, No. or better, 55¢c; corm,
red test 30 lbs, s No. 3 yellow shelied old crop, $1.14 per bushel, h 824 No. 3 white shelled corn old
2 white or No. 2
hours:
MONDAY, SEPT: 10, 1945
TOMATO CROP
same;
A Complete Optical Service
for the entire family. Evening office
HIT BY BLIGHT
‘Purdue Says Four Indiana
Counties Hurt Most.
LAFAYETTE, Ind, Sept. 10 (U.
'P.).—Plant Pathologist R. W. Sam(son of Purdue university said today that peculiar summer Weather in
Indiana had damaged badly the | Hoosier . tomato crop in many sections. Samson said that abundant rain and below. normal temperatures, combined with heavy vegetative gréwth in many tomato fields, caused a spread of the potato late blight to tomatoes. In some cases, the crop was lost totally, he said. . The pathologist said it was the first time the disease was known to have caused serious damage to Hoosier tomatoes. Samson said damage appeared greatest in parts of Grant, Howard, Miami and Madison counties. Other counties with less damage were scattered over northern Indiana, as far south as Marion and Clay counties. "He added that cool, moist weather late this month might
more widespread. -
REPORT ON CRUDE OIL
NEW YORK, Sept. (U, P.) = Crude oil production in the U. 8. during the week ended Aug. 25, averaged 4,891,550 barrels daily com pared with 4,933,850 barrels a week earlier and 4,667,450 in the cor= responding 1944 week, the American Petroleum institute estimated today. :
U. S. STATEMENT
HT — WASHINGTON, Sept. 10 (U. P.).—Government expenses and receipts for the current fiscal year through Sept, 6, com=~ pared with a year ago:
This Year Expenses .. $16,992,312,541 War Spending 14,651,357,647 Receipts .... 979,113,737 Net Deficit... 11,013,196,304 Cash Balance 17,501,707.429 Public Debt. 263,210,631,300 Gold Reserve 20,086 359,537
Last Year $17,621,216, 420 16,070,091,506 5.017,751,087
211,188,581, 363 20,905,682,927
INDIANAPOLIS CLEARING HOUSE
Monday and Friday till 8:30 p. m.
[ Examined, Glasses Fitted
For Those Who Need Them
DR. H. C. FAHRBACH
Evenings by Appointment
Optometrist 302 Kahn Bldg. Meridian at Washington
cause the blight to become even
MA-0662
@® Time is short! The telephone book is going to press. Call us at once if you wish to make any change in your present listing. The new directory will close in a few days. Please check your listing in the present telephone book. , Do you need additional listings for someone in your home or at your place of business? If any changes, additions or corrections are in order, let Jus keuow, , today; Just call the Business Office.
‘ -
Retirec
Di I tes will be’ l tomorrow at Shi
‘ving Hill chape
Powell, Indiana died yesterday ° foster daughter Bell, in Terre Hi Mr. Powell, wi at 3738 N. Butle of Indianapolis a retired chief ¢ timore- & Ohio ber of the Uni veterans, he was dent of the Ass Railway Employ Surviving are } his foster dau; Reed, of Peru, ar Ina Richards, | and Mrs. Ella B Cal.
OTIS U. BURK
Services for O Sherman dr, Ww after an illness be at 10 a. m. ti Brothers funeral U. 8. Clutton, pa Park Baptist ch Burial will be @ A retired gro
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