Indianapolis Times, Indianapolis, Marion County, 2 October 1945 — Page 6
Important in By ROBERT
‘United Press Staff Correspondent
WASHINGTON, Oct. 2.—Japan’s No. 1 export business; |
SILK OUTMODED BY NYLON, RAYON
Expert Says It Is Doubtful if Japan Will Ever Again Be
World Trade.
8. ALDRICH
the silk industry, has been “outmoded” by nylon and rayon,
making it doubtful if Japan will ever again figure largely
in world trade. That picture was painted
department of commerce economist and an expert on silk.
today by Hyram T. Nones, a
Even if the Japanese can rebuild their war-battered silk
industry, Nones said, most of their U. S. market will be gone.
Most silk authorities estimate that Japan cannot regain more than 20 per cent of her pre-war U, S. market. Nones’
own estimate is 10 per cent. » u » “WHETHER the Japs rebuild their industry for their own con-| sumption is; of course, up to them,” he said, “They always have had a large domestic use for silk, We may import some highly specialized silk goods, but the bulk of Japan's world market will be gone.” Before the war, Japan produced seven-eighths of the world's commercial silk. Ten per cent came from China and the remainder from Italy and other nations. The U, 8. consumed seven-eighths of .Japan’s silk export. Most of it went into hostery, “And nylon,” said Nones, “has replaced silk in the minds of Amerfcan women, It is better in every way.” ” » nn BEFORE the war, the Japanese produced silk at a loss, Nones said. They figuratively “pinned a $3 bill to every pound they sent us.” The purpose was to obtain American dollars with which to buy scrap metal and other war materials, The result was depression of the world silk market. . Biggest years for U, 8. silk imports from Japan were 1920 and 1931, We took 70,000,000 pounds in each of those years. The figure fell to 43,000,000 pounds by 1839 and in 1941 Japan sent us only 20,000,000 pounds. The probable effect on Japan's economy? “Obviously,” concluded Nones, “with her No, 1 export item and market knocked out, Japan will cease to figure largely in world trade unless she can develop another industry.”
SEPTEMBER MEAT PRODUCTION UP 29%
CHICAGO, Oct. 2 (U. P.).—Federally inspected beef, veal, lamb and pork production during September totaled 1,200,000,000 pounds, a 2 per cent increase over. the previous month, the American Meat Institute reported today. Meat production during Sept. 1045 showed a 6 per cent decrease from the Sept. 1044 total, according to the institute re-
FIGHTS ENEMY ERSATZ FIBER
Texan Wants U. S. Surplus Cotton Used.
By MARSHALL McNEIL Seripps-Howard Staff Writer WASHINGTON, Oct. 2. — We should not permit Germany and Japan to revive tneir synthetic fiber industry, but we should encourage their use of our cotton as one means of disposing of our vast surplus, Rep. George Mahon (D., Tex.) said today, Mr, Mahon, just returned from a world tour as a member of the sub-~ committee on army appropriations, discussed this problem with our occupation high command in Germany. Yesterday he laid the issue before President Truman who said he was taking personal interest in the matter. ' Names Benefits Besides giving us a market for surplus cotton, elimination of the synthetic fiber industry in Germany
effects, Mr, Mahon said. It would cut down the consumption of coal, scarce in Europe now, because it takes less coal to spin cotton than to make synthetic fibers and spin them. It would put another curb on German scientific research, which we don't want resumed.
Have 6 Million Bales “We have In the U. 8. about 6,000,000 bales of surplus cotton,” sald Mr, Mahon in a letter to the foreign economic administration which he showed to President Truman. “The free countries of the world should be encouraged to buy
areas where we are extending direct ald, the use of this surplus cotton should be fully explored. “Japan and Germany will meet large needs by the manufacture of cotton textiles, or rayon and synthetic fibers, We have won the war and we will have a powerful voice in the world rehabilitation program. It would bé a great shame if we should fail to take advantage of the opportunity which we now have for the disposition of our large
port.
Istocks of surplus cotton.”
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THE INDIANAPOLIS TIMES You' I Air-Cruise i in Streamlined Luxury
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This is the passenger compartment of Boeing’s new double-decked Statocruiser, the last word in airIn this section, 59 passengers lounge in upholstered, widely spaced seats. more passengers can ride in another compartment and an additional 14 can be accommodated in a lower~ For night travel, the seats are made up into full-sized upper and lower
Eight
The "7376 hogs received at the Indianapolis stockyards today sold active at fully steady prices, the U. 8. department of agriculture sald,
GOOD TO CHOICE HOGS (i375) 120+ 140 pounds [email protected]
140- 160 pounds Lee 14.500 14.80 160 pounds up ... 14.80 Medium 160- 220 pounds [email protected] Packing Sows Good to Choice 270- 400 pounds ...ivveveniag 14.08
400- 500 pOUNdS .eevsonnersnn 14.08 Medium. 250- 850 DOUDAS nisi. iis 12.75Q14.00 Slaughter Pigs Medium to Good > 90« 120 pounds ............. [email protected] | CATTLE (1625) Choice Steers 700+ 900 pounds .........ce00s [email protected] 900-1100 pounds ....i.cvveiues [email protected] 1100-1300 pounds ....ecvovcene 16.756: 18.00 1300-1500 pounds .sevescrnsns 16. 7518.00 Good 700- 900 pounds . 14750162 $00-1100 pounds . 16.25@18, 1100-1300 pounds 16.506016.75 1300-1500 pounds 15.50@ 18.75 Medium 700-1100 pounds ...veucninges [email protected] 1100-1300 pounds +. .vovrvanses 13/00@16 25
Good (all weights) ........ 12,00912.50 Sausage Good Bhi eANRL abana 11.002132.00 Modi ou.ivoiiyrrsinirins 0.75411.00 Cutter and common ........ 8.00Q 9.76
(CALVES (575) Vealers (all weights)
Good and cholce . [email protected] Common and medium......... 10.00@ 15.50 OUI cinticrininrsrisnrrrsaing 6.00@ 10.00 Feeder and Stocker Cattle and Calves Choice Steers 600~ 800 pounds 11.50@ 14.78 0.1000 pounds [email protected] 500 800 Pounds +v.usvvensses [email protected] 800-1050 pounds ....e sasusss 12.00@ 13.50 Medium 800-1050 } pounds seesnserrnens [email protected] Common 500- 1000 | pounds ........... [email protected] CALVES (Steers) Good and cholce— 500- 900 pounds .......ovne.. 14.50016.00 Medium 500 pounds down..........e0. 12.00@ 14.50 5 Heifers . | Good and cholce— 500- pounds dowD........ives 14.009 18.50 Medium--500 - pounds down, [email protected] SHEEP (875) Ewes (Shorn) Good and choles .. 525@ 6.50 Common and medium ...... 4.00@ 6.25 Lambs
Qhidite closely sorted d and choice 74 ey and good Common
crrueas [email protected] srrvansesten 13,754214.50 12.354213.50 10.509 12.00
LOCAL ISSUES
Nominal quotations fumnished by. Inds anapolis securities dealers:
STOCKS Bid Asked Agents Fin Corp com ....... 1s ‘ Agents Fin Corp pfd o...vuu. 19 20
LS Ayres 42% pid Ayrshire Col com Belt R Stk Yds com Belt R Stk Yds ptd “en Bobbs-Merrill 4% % pid Bobbs<Merrill com Central Soya com . Circle Theater com Comwith Loan 8% Cons Pin Corp pid ..ovuivvnnes 8
RS 10%, 3
errre ten “i
Union Title com
American Loan 4% B55 ...... 08 100 Buhner Fertilizer 5s Nu “hae 08 a American Loan 4%s 60 ..... 08 100 h of Bldg 44s he 54 a 9 “a Citizens Ind Te 4s 61...103 . Columbia Club 1%s B8s....... i]
Consel Ind Asso Yo) Indpls P & 1 Jodpis ative Me Co Bs ob ndpls Water Co 3%as 68...
Trusses
ABDOM| on
Common T00-1100 pounds .. «....sseva Cholce—~ Helfers 600- 800 pounds ............. 15,[email protected] 800-1100 pounds ....eiieeeers [email protected] 00d 600- 800 pounds ...... heheh [email protected] 800-1000 POUNAS ss vvrruranes 14.7516 7 Medium 500~ 900 pounds si.eveveinvss [email protected] Common «= 800~ 900 pounds ............ 10.00012.25 | Cows (all weights) COO « auvivirivnroiirie sens [email protected] MEIN oii isin 10.004g11.50 Cutter and common ......... [email protected] Canner v 8.60@ 7.00 Beef Bulls "all welghts)
Local Livestock Trade Active
And Steady at Yards Today
The 1625 cattle received were also active and sold steady to strong. Calves amounted to 575 and gained from 50 cents to a dollar, Sheep totaled 875 and fat lambs sold firm,
-
Meetings
Administrators
Disposal of surplus property among state and local units of government will be dicsussed by O. PF. Heslar, {vision of procurement and supply, land IL. FP. Brozo, state assistant {supervisor of surplus war material, at the meeting of the Indiana Society for Public Administration Friday at 7:30 p. m. in the world war memorial, g
} Realtors Sales Ideas that Click” will be presented by Arthur 8. Kirk, National Institute of Real Estate Brokers president, at the luncheon
state director of the di-|
PYTHIAN DIRECTORS NAME MILLER HEAD
Frank K. Miller, Indianapolis attorney, was elected president of the Indiana Pythian Corp. board at a meeting Saturday, The board of the corporation, which owns. the. Indiana Pythian building, also named the following: Otto Shuman, Waterloo, vice president; Dr. Colin V. Dunbar, Indianapolis physician, secretary; and Henry Kammerer, Logansport banker, treasurer, Milburn Holmes, Richmond chemist, was elected to the board.
LOCAL PRODUCE
(Prices for plant delivery) Heavy breed hens, 22, Leghorn hens, 20c. Broilers, fryers and roosters under § Ib, white and barred rocks, 25e. Leghorns springs, 23c.
i0c: No, 2, 36¢c.
TRUCK WHEAT
Indianapolis flour mills and grain elevators are paying $1.67 per bushel for
1.008130 meeting of the Indianapolis Real| mers):
E ington hotel, “Rent Control” will be the topic of the meeting of the property {managers of the Indianapolis Real {Estate board tomorrow at 12:45 p. m. in the ‘board office.
Reveal Phones
Without Wires
NEW YORK, Oct. 2 (U, P).— International Telephone & Tele graph Corp. introduced today what it termed “a revolutionary development” in radio-telephony which makes possible a nationwide long-distance telephone syse tem without wires. Known as “pulse timed modulation,” the system enables 24 or more conversations to be carried on over the same frequency si multaneously, It was explained that telephone systems which apply PTM are thereafter operated automatically, thus reducing operating costs and bringing cheaper service to users,
WASH MACHINE PRICES SET WASHINGTON, Oct. 2 (U, P.).— The office of price administration {has fixed dollars and cents céiling [prices for new washing machines {and ironers. They range from $29.95 to $109.95, depending on quality and also partly on where in the United States they are sold.
MALLORY ELECTS FAGG Charles C, Fagg, Bank of the
Manhattan Co, vice president, has been elected a director of the P. R. Mallory & €o, Inc, here, the firm said today, U. S. STATEMENT WASHINGTON, Oct. 3 (U. P.).~Gov-
ernment expenses and receipts for the
Delta Electric: com .....vvens 1644 | currents fiscal year through Sept. 28, Electronic Lab com .. 83% | compared with a year ago. Ft Wayne & Jackson RR ‘pid’ 0% M% This Year Last Year Hook Drug Co com +. 38 coos | BXpenses $22.522,508,680 $24,158,673,339 Home IT Ft Wayne 7% pid... 51 oo | War Spend'g 10,087,244 822 21.769,529.041 Ind Asso Tel 6% pfd 106 + | Receipts 10,481, 867.861 10,656,784,003 Ind & Mich B 4%% pid 106'% 108 Net Defleit 11,640,638.319 13,601,979,278 INPIS P&L PIE. coinananis 111% 114% | Cash Balance 16,134,289.063 15,117,470,720 Indpls P & L 00M. ..civvvass 39 80% | Public Debt 262.565,312,191 211,063,508 633 Indpls Water pfd «108 Gold Reserve 20,073,375,232 20,824,907,893 *Indpls Water Class A com... 19% 20% Indpls Railways com ........ 1 ‘ INDIANAPOLIS CLEARING HOUSE Jeff Nat Life com .... : | crenrd Kingan & Co a 94 JOlenrings ..oioiiiiiiiiiiniinne Kingan & Co A 8% | Debits TEER EE Lincoln Loan Co ry pra. . S'la a rh wm Lincoln Nat Life com Tha 0000 | i ———- P R Mallory pfd ... Whe 3M) P R Mallory com ... 351% 37% Mastic Asphalt oh RL IE (| N Ind Pub Serv 5% ..vivines 1% i | Pub Berv of Ind 8% ...v.us 1044 106% Never Pub Berv of Ind com ...,... 33% 4% Progress Laundry com .,.... 18 ns - Ross Gear & Tool comr...... 27 th So Ind G & B A8% .. ......110% 113 ewl Stokely-Van Camp pr pf...., 20} n . Stokely-Van' Camp com MY, Terre Haute Malleable 84 U 8 Machine com ... I SAFE United Tel Co 5%. “oh
Let Grain Dealers » Tnsure your furs and jewelry. They'ti be protected WHEREVER THEY ARE.
GRAIN DEALERS
red wheat (other grades on their oats, No. te or No, 2 red
state ‘board Thursday inthe Wash- | testing 34 lbs, or better, 6l¢; corn, No. 2
vellow shelled, $1.12 per bushel, white shelled corn, $1.37.
SET CONVENTION DATE Times Special CHICAGO, Oct. 2—~The Machinery Dealers National association will hold its 1945 annual convention in Chicago Oct, 24 and 25 at the Congress hotel, the group Sid today.
and No. 2
All No. 2 poultry, 40 less. Old roosters, 17c. Egg rrent receipts; 35¢; grade A Iarge, 43c; grade A medium, 35¢; under grade, 25¢c; pullets, 18¢. - Butter—No. I, 50c. Butterfat—No. 1,
[FWA ASKS 0, K.
‘FOR PROJECTS
| Wants U. S. to Prepare Now
To Fight Recession.
WASHINGTON, Oct. 2 (U, P.).— The federal works agency today asked congress for authority to build at once certain “highest priority”
.|projects and to lay the groundwork
for. others that might have to be built “to combat a recession.”
tration, jointly with the postoffice department, submitted proposed legislation which would grant authorization for $193,000,000 for federal buildings outside the District of Columbia. Includes Capital
These would include postoffices, courthouses, federal office buildings and public health service hospitals in the 48 states and the territories. The bill also proposed authorization of $169,245,000:for new public buildings in or near the nation’s capital. These would include a state department annex, a new federal office building, new war and navy department structurés, and an aquarium, a lion house, an antelope house and a monkey house for the National zoo. The public buildings administration said passage of the bill would enable it to “purchase sites, prepare working drawings and specifications, and construct those building projects most “essential to efficient operation of the federal establishment.” 4020 Listed
Of the $1937000,000, a total of $95,000,000 would be authorized for projects previously approved by congress and the remaining $98,000,000 would be authorized for new projects. The PBA submitted a list of 2040 eligible projects outside Washington totaling $774,795,000 from which the $193,000,000 worth of projects would be selected “on a basis of urgency of need and of equitable distribution throughout the United States.” Commissioner W. Englebert Reynolds warned that inclusion of a building in this eligibles list “is no indication that a recommendation for its construction is to be expected in the near future” and that “many may not be constructed for years.” Reynolds said that “when the last depression came, it was not possible to place public construction in the market in sufficient volume to be effective.”
Takes Time
“It takes time fo acquire sites, clear titles, prepare drawings and specifications and advance a project to the point where you are ready to let a contract and put workmen on the job,” he said. “If the congress enacts this legislation, the public buildings administration can go forward at once with certain buildings having the highest priority and do all preliminary work on others so that in case it is judged in the public interest to undertake a large-scale building program to combat a recession, the government will be in a position to do so.”
TS
industrial relations executive for
A&P DALLAS HEAD DENIES PRIGE GUTS
DANVILLE, Ill, Oct. 2 (U. P.).— 0. 1. Black, general superintendent of - the Dallas, Tex. unit of the Atlantic & Pacific Tea Co0., was recalled for cross-examination today concerning A. & P's pricing policies. ‘The grocery chain and 28 of its officials and subsidiaries are on trial on charges of violating the Sherman anti-trust act by selling below cost .in order to eliminate competition. Black was questioned in yesterday’s session about a department of justice claim that A. & P. prices were so low that they injured competition. Asked about testimony of Robert C. Bundy, Birmingham, Ala. a government witness, Black denied that A. & P, prices were substantially different from Bundy’s. Says Some Prices Lower Black told the court that the A. & P. had “three or four” stores in the vicinity when Bundy opened business and that Bundy’s prices were lower on some things and the A. & P.s lower on others, In connection with ‘testimony of W. L. Clark and L. C. Culwell, Dallas retail grocers who appeared as prosecution witnesses against the food chain, Black said A. & P. stores. in their areas had been closed ‘because they were-not successful. Clark, he said, now operates the Clover Farm stores in Dallas and Culwell and another competitor in the ‘same neighborhood remain open, Black also testified to changes in operations in Greenville, Tex. where the government alleged that a small store losing money, was replaced by a new large store. Black denied that merchandise ever had been sold below cost in either store.
EASE RESTRICTIONS ON COTTON FABRICS
WASHINGTON, Oct. 2 (U. P.)— With a more plentiful supply of cotton fabrics available for civilian use as a result of the end of the war, the war production board today announced sweeping relaxations in distribution controls ,over broad woven cotton fabrics. Under amendments to order M-317 and M-317-A, all reference rating schedules have Leen eliminated. Hereafter all fabrics must be obtained without priority assistance, except those needed by clothing manufacturers taking part in the M-328-B order, the government's low-priced textile program. The new distribution schedules become effective Immediately for the
fourth quarter.
TUESDAY, OCT. 2, 1948 Symington Names Republican Brother-in-Law SPB Deputy
' By ROGER W, STUART, Scripps-Howard Staff Writer
WASHINGTON, Oct. 2—Surplus Property Administrator W. Stuart Symington has appointed his brother-in-law, James J. (Jerry) Wadsworth, deputy administrator. The job pays $9000 a year. Mr, Wadsworth is a Republican, His appointment brings him back into public affairs after a lapse of four years, during which he was an
an aircraft company in Buffalo. ‘He had previously served in the New York state legislature for 10 years. He is the son of Rep. James W. Wadsworth (R. N, Y.). His sister
Evelyn is Mr. Symington’s wife, .
Handles Priorities
The new deputy administrator will have charge of co-ordination of surplus property programs for all governmental agencies entitled to priorities. He will also be in'charge of disposal policies relating to vet erans and to health and educational institutions. Prior to his resignation from the. New York legislature, in 1941, Mr, Wadsworth was prominently mens tioned as a candidate for the Ree publican nomination for lieutenant governor, Announcement for his appointe ment was made after Mr, Syminge
ton took the oath as surplus prope
erty administrator yesterday, A
young St. Louis business executive a and close friend of President True
man, Mr, Symington served as chairman. of the three-man surplus property board from July 16 until congress abolished the board and confirmed him as sole administrator on the “recommendation of the President.
Supported Willkie 1
A Republican, the new surplus property chief supported Thomag E. Dewey for president in 1940, When Wendell Willkie defeated Mr, Dewey for the nomination, he threw his support to Mr. Willkie, In last ‘year's campaign he supe ported President Roosevelt and served on a committee for his ree election, Along with the. Wadsworth ape pointment, Mr. Symington named five assistant administrators—each at $10,000 a year—to “speed up™ the solution of pressing problems of surplus disposal, They are: David H. O'Brien, in charge of capital and producers goods, for merly director of distribution fom the army signal corps.and a vice
“ {president of Graybar Electric Coy
New York. Names Former Marine
Merritt C. Penticoff, consumers goods. A former WPB vice chaire man, Mr. Penticoff has been asso ciated with Sears: Roebuck & Co, of Chicago and Gordon Bates Co, of Minneapolis. : Col. G. E. Monson, assistant ade ministrator for operations. He is 8 former marine officer. -Dr. Raymond T. Bowman, eco nomic research. Dr. Bowman is ane other former WPB official and pre« viously was assistant professor of economics at ‘he University of Pennsylvania. Lt. Col. John M. Redding, publie information and policies. He was chief of public relations for Gen. Omar N. Bradley's 12th army group, He is from Chicago.
Many modern,
It is obvious that
GOVERNMENT-OWNED PLANTS AVAILABLE TO PRIVATE INDUSTRY
FOR SALE OR LEASE THROUGH RFC
private ownership or management as soon
fully-equipped industrial
plants have already been declared Surplus Property by the Army, Navy and other war agencies. More and more plants will be declared surplus from now on. All of these properties are scheduled to be turned over to
as possible.
They are to be sold or leased through Reconstruction Finance Corporation which has the responsibility of seeing to it that was plants become job-providers without delay,
CREDIT TERMS CAN BE ARRANGED
the first step is to help private
industry secure the plants which will turm out the nation’s postwar production.
You do not have to wait until a government-owned property has been labelled “surplus”. If you start negotiations immediately, the plant that you want to buy or lease may be made available to you as soon
»
EVERY PLANT IN THIS CATEGORY IS OPEN FOR NEGOTIATIONS NOW
as it contpletes ite wartime worki Pending the completion of negotiations, RFC stands
ready to provide interim leases when possible ou a
month-to-month basis pending formal lease or owt-
right purchase.
The most important consideration is : ; : Aeep Amerie
working!
This CURRENT CATALOGUE will help you locate the plart you need from the 1300 government-owned plants You can have this handy; ready-reference booklet with a complete de=- ihe scription of every plant scheduled to be turned back te private industry. Write today te your local RFC Disposing Agency for your free copy.
HERE IS THE SIMPLY, THREE-STEIP PROCEDURE FOR GETTING COMPLITS INFORMATION ON ALL AVAILABLE WAR SURPLUS PLANTS.
SSH iow Wilk Jour sesven low] RI Dipaig Agency, led bow Whe; write, phone or coll in person.
® Talk to the competent, specialized personnel assigned to that office’ ® Carry on negoliations directly with the same local RFC Disposing Agenéy!
&
%
TUESDAY, YOUR G. I. R
Many C To §,
WASHINGTON, are some general veterans and their Q. My husband when he went ir 1941, Now he is
two more years he can get his d make him 30 or 3 he can start looki
} there any provisio
his education or. course for him? A. It is possible training he had w would give him toward graduatior now are consider set of courses for Q. Would it be go to school for a ing my reinstaten job I had before I A. No. You h
reinstatement wi