Indianapolis Times, Indianapolis, Marion County, 23 October 1945 — Page 6

git

‘Since Aug. 14, the day of

supe cision ain RECEIVED HERE

"from the U. 8, larder is moving

rather than shortages, loom as the biggest fronting Secretary of Agriculture Clinton P. day as he celebrates his 50th birthday.

NDERSON FACES FOOD SURPLUSES

He Expected and Prepared for Shortages, but Early End F508 Rael C8 0f Jap War Brought Different Problems.

WASHINGTON, Oct. 23 (U, P.).—Food surpluses,

When Anderson left congress to tackle the job of agriculture secretary less than four months ago, " the nation that shortages would continue for some time. It would be nice, he said, if the problem could be licked “by

CORN CROP IS BEST ONE YET

Yield Estimated 41% Over State Average.

'Field Hand’

LAFAYETTE, Ind, Oct. 23-—In-preparing to harvest the largest corn crop in state history, Purdue university and the U. 8. agriculture department reported today. The yield of an estimated 243,376,000 bushels is 41 per cent larger than average, the bulletin said, and at least 80 per cent of the crop was safe from frost damage on Oct, 1.

problem conAnderson to-

Soybeans Same

he warned Soybean prospects were unchanged during September, the re< port said, with an estimated crop

waving a magic wand.” The war's end placed the magic wand in his hand.

ng has ended on many foods and point values ‘reduced on most others, A liberal flow of foodstufls

erseas to devastated countries. n . »

MORE CUTS in ration values are

8500 PORKERS

Trading at Yards Remains pushes Active, Steady.

All classes of livestock sold de-

of 28,640,000 bushels which is 141 per cent more than average, Harvesting was expected to be difficult because of heavy September rains. Much dry weather will be needed before combiliing can begin because of weed growth. Potato prospects have improved so that a yield of 140 bushels per acre and a total crop of 4,620,000 is indicated. This is 48 per cent more than last year's crop, but 17 per cent less than average. The hay crop forecast of 2,639,000 tons remained unchanged, and is 8

THE INDIANAPOLIS TIMES _ Picks Cotton.

LONER PORKER "PRICE SUPPORT)

expected at home when the OPA y akes public on Thursday the .ration charts for November. Butter, now 12 points a pound, is expected to be reduced to eight. Slashes also are in prospect in meat points, parproposals worked too well. Anderson was assigned the unique ‘role of putting into action a pro-

ing food shortages, he outlined elaborate recommendations for solving the food problem. The war's end gancelled the need for many before he had time to try them out.

‘seems likely to make Anderson re-

Anderson also recommended that military requirements be considered “firm commitments,” with the army required to take all food it asked for. This suggestion was not carried out. Recently, the army cancelled plans to buy 70,000,000 pounds of turkey and 15,000,000 pounds of

had produced the birds and they now are ready for market, adding to the industry's price distress. The agriculture department is also struggling with a potato surplus. . Overabundance of citrus promises to overwhelm the market before the . winter is over. The department is

~The reversal of the food situation |@o0d=

chickens, However, farmers already! q,,

pendably steady today at the Indianapolis stockyards, the department of agriculture sald. Action was fast enough to practically assure an early clearance. Receipts included 9400 hogs, 2500 cattle, 650 calves and 1275 sheep,

GOOD TO CHOICE ROG (hi)

160- 220 pounds © Packing Sows

Good to Cholce—

270- 400 POUNAS ,.iviunirin 14.10 Medium 400- 500 pounds ...eseseseees 14.08

Aastra intaann

ommon — 700-1100 pounds 11.00@13,

Cholee~ Heifers

500~ 900 pounds 13.250 15. Common. « 900 pounds ..........c00 10.0009113

Medium vi Bk x Cutter and commen Canner ve Beef Bulls (all weights)

CALVES (850) Vealers (all weights)

1. 8.

[email protected] 01 58 per cent

per cent over average. This seems that barn feeding or roughage can be delayed longer than usual.

Fruits Are Fewer Fruit production prospects declined, with commercial apple pro-

duction at 920,000 bushels, or 60 per cent of average; peaches at 589,-

X 120- 140 pounds .....cecures. [email protected] gram he constructed. As chairman | 5° 160 Bounag Till - [email protected] | 000 bushels which is twice an averof the house committee investigat- 180 pounds MPs resnrens vasess 14.88 age crop: pears at 146,000 bushels

of average, and grapes at 1500 tons which is only 45 per cent of average. Egg production during September was estimated at 124,000,000

13.15014.00 | eggs compared with 117,000,000 last

reat from his original program of Slanghter Pigs year. Milk production was set at m : abundant production, Some of his| %- 120 poyads re a 11.35012.78 SA0Nn Sounad or 4 per cent proopsals ked well, TTLE (2800 : > oo $00 hy [email protected] POR INSTANCE, Anderson as a soo-1i00 DO nds rersarssrres fiigus BOOKS Sonifesu, Uieq SXpunsioh of | 1300-150 Pounds iiiiiiiil 1138g1s.0 poultry produ as a quick means | Good— of e 900 POUNAS .seoersrerss [email protected] of piecing out meat supplies, Chicks) tuiif bongs 1: [email protected]| The Business branch of the Inhatched at the government's urg-|1100-1300 pounds .... . [email protected] di is Ho 1 ing now are coming to market—in 130.180 pounds 16.00917.28 dianapo Public library has resurplus proportions 700-1100 pounds [email protected]|0¢ived the following books of in- : : PE 1100-1300 pounds [email protected] | terest to businessmen and women:

®| HOW TO ORGANIZE AND OPERATE A SMALL BUSINESS,

o 800 pounds ,....... vers [email protected] 200-1100 Jouads i raeaare i 11.50 |by Business Education Bureau of M0400 pounds ...uivssiv 100QI4a8] 18, California State Board of Edu-800-1000 POUNAS ........s0s [email protected] Cation. :

INVESTMENT COMPANIES, by Arthur Wiesenberger,

POLITICS AND POLITICAL ORGANIZATION IN AMERICA, by ‘2 Theodore W. Cousens.

Good (all weights) ........« 12.50@13%.50 Sausage— ; e Thomas H. Creighton. ood A iin en snneis co 11-00013.80 Medfim i. .onicvuns ereies 10.00@11 Cutter and common ........ S00@L0W0 100s 1 Gardiner

The tedious job of picking cotton by hand may be revolutionized through the new mechanical cotton picker shown here. Photo at top was made during International Harvester's recent field exhibition of

post-war farm machines, Diagram

A&P SAYS SALES VOLUME IS DOWN

PLANNING TO BUILD, by

8! HOW YOU CAN GET A JOB, by | that figures arrived at after the

DANVILLE, Til, Oct. 23 (U. P.)— {More defense witnesses in the gov{ernment's -anti-trust suit against |the Atlantic & Pacific Tea Co. were [called today to testify that the | grocery chain's business volume had {decreased rather than increased, in | recent years. A chart was introduced by A & {P. counsel during yesterday's sessions designed to show that the] {company had not realized a net, | {overall stock gain in more than 16, jyears. : {| Defense attorneys sought to show

subtracting of factors which in-| fluenced stock gains indicated that! since 1920 A. & P. had not had an

below show how it works. (1)

and (2) are barbed spindles which pick cotton from each side of the plant. Rubber “doffers” (3) remove bolls from spindles and they drop into air conveyor (4) which sends them up to grates (5) where a blast of air removes dirt and trash. Cotton goes from grates to rotor (6), then into air blast conveyor (7) where it is blown against grates (8) [ing October, November and Decemfor final cleaning before dropping into basket.

FOUNDERS’ SOCIETY

MEETS IN CHICAGO

Gray iron foundries from the In-

dianapolis area will be represented at the 17th annual convention of the Gray Iron Founders’ society in Chicago today and tomorrow, ac-|g $e: a" oe cording to Washington offices of the|20e. national trade group.

zy | |

Farmers Now Assured of $12 Average.

WASHINGTON, Oct. 23 (U, P). —The government today lowered the hog price support program for the year. beginning Oct. 1, 1946, from the present $13 a hundred pounds flat price guaranty assured

farmers toj/a yearly average of $12. A system of weekly price variations

-|also was introduced.

The new support program will vary from $10.75 in. December, 1946, to $13.25 in September, 1947. These are Chicago base prices. The variations will follow changes in the seasonal pattern of marketings. They are designed to encourage production and marketing of hogs during periods when marketings usually are small and prices higher. Wants 52 Million Pigs

At the same time, Secretary of Agriculture Clinton P. Anderson called for a 1948 spring pig crop of 52,000,000 pigs. This would about equal the production of pigs in the

spring of 1945—the crop which will

begin to move to market next month

in the midst of one of the nation’s

worst pork shortages. The agriculture department said

the average support price of $12 at Chicago “is adequate” to reflect at least the government's legal commitment of 90 per cent of parity to

farmers for the country as a whole Prices To Vary

{Chicago weekly- average support,

With a 52,000,000 pig crop next spring, the department estimated | that civilian supplies of all kinds of {meat will amount to about 150 {pounds for the year beginning Oct. {1, 1946. This would be about the \same as the supply available dur-

ber this year.

|was geared to produce as many as The minimum prices will apply to hogs bought by federally inspected slaughterers based on geographical differentials above and below the

ble for the development of the conveyor and assembly plan at Willow Run which enabled Ford to turn out one four-engined bomber every hour, Dodged Discussion Questioned by a group of 18 cor respondents who are making a reconversion’ tour of the nation’s in-

Henry Kaiser's plan to build a lowpriced, light-weight automobile in the Willow Run plant.

pressed.

I wouldn't do it myself.”

doubt

ly in a plant as large as Willow Run

low-cost, light-weight automobiles. Willy's Set For 1000 The Willy plant, which began, turning out civilian-type jeeps within 10 days after V-J-day, has been closed down for four weeks because of strikes at the plants of parts suppliers. ‘| Sorensen said. that his company

1000 jeeps, small passenger cars and trucks daily. He would not give the number of each type because it depended on demand. He added that he wasn’t worried about the future of industry. “You see,” Sorensen said, “I'm optimistic that labor and industry will get together again. Alwavs after a war there's confusion. We've got to wait until the cobwebs are swept away.”

Want Wage Policy The newsmen, whose round-the-

LOCAL PRODUCE

nation tour of industry was arranged by the National Association

(Prices for plant delivery)

Heavy breed hens, 2c. Leghorn hens, 20c. Broilers, fryers and roasters under { lbs, white and barred ro 23e. Leghorn springers, 2lc. All No. 2 poultry, 4c less. St, rah urrent receipts, Hes 40c; grade A medium, 43c;

40c; No. 3,

38c; grade A grade ; under grade, 25¢; pullets,

Butter — a. 1, 80e. Butterfat ~~ No. 1,

of Manufacturers, also heard two industrialists—one is now holding an important government post and 6'the other formerly held one—call for an immediate statement of policy by President Truman on wages and prices. Harold Boeschenstein, president of the Owens-Corning FPiberglas

— TUESDAY, OCT. %, 1045 Sorensen Doubtful of Using Willow Run Plant for Autos

TOLEDO, O, Oct. 23 (U, P.).—Charles E. Sorensen, father of the modern assembly line production technique, said today that it might be possible to produce automobiles in the huge Willow Run bomber

plant but that he wouldn't want to try it himself, ; "Sorensen who is a former executive vice president of the Ford

Motor Co. and is now president of Willys Overland Motors, was responsi-

dustry, Sorensen declined to discuss

“Is it possible to build automobiles in that plant?” the reporters

“I guess you can,” he replied. “But

Several other automotive industry men last week privately expressed that automobiles could be produced efficiently and economical-

Nevertheless, all of them said their companies were experimenting with

of the war production board, de~ clared that if reconversion is to be freed of “frightful confusion” now existing, Mr. Tfuman should: 1. State his policy with respect to low wage industries and high wage industries on matters of wage scales. : 2. Outline price policies, particu larly concerning price advances affecting consumers. 3. Make known his attitude as to what industries can probably do in terms of wages as against pfices and recognize that no single for. mula can be applied to all industries. 4. Tell the American people it is time to go back to work if “they want dollars to count in terms of good living.” John D. Biggers, Libby-Owens-Ford Glass Co., whose plants were shut down by strikes yesterday, said it was “important that a national policy on wages and prices be defined as rapidly as possible.” ©

president of

Corp. and operations vice chairman

FOUNDED 1913

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THOMSON & M¢KINNON

SECURITIBS « COMMODITIES

5 East Market Street Phone: MArket 3501

11 Wall S¢., NewYork Branchesin 33 Cides Members New York Stock Exchange and other

. preparing to speed as much as $400,000,000 for Shee support Te a im os adi 28 FRANCE ARGENTINA |oversl stock gain. Instead, defense spring. That will be a byproduct of [CU ooo ieenen inne. [email protected] | {counsel said, A. & P. had suffered . the poultry expansion. Feeders and Stocker Cattle snd Calves - | stock losses since that time. : oN» oholea cats 13.000 14.1 SIGN MONEY PACT The factors influencing stock ANDERSON believes, however! 800-1080 ; ha Noi 0 gains were listed as profit received that most foods will be readily con- Go 0 pounds 12.00013.50 BUENOS AIRES, Oct, 23 (U. P.).|on fractions, such as that realized "sumed at near-ceiling levels during] 800-1050 pounds | 12.00013.00| —Argentina and France today had|from selling three nine-cent items the next 12 months. No surpluses Medium... Jeunds [email protected] in operation a financial agreem®nt, for 25 cents, and on reduced retail ; of meat, butter and sugar are in Common which marked the first direct eco-| prices. : sight, rT Ae a a! [email protected]| nomic relations between the two| The government has charged the The secretary already has indi- Good. AR thalese (Hor “# [nations since the war. iA. & P. purposely secured stock cated that acreage allotments or| 500- 900 pounds ........... 1s0@1600| Under the pact,. Argentina will gains through overcharging and some other means of production Sn down oo. ir 000A extend France credit for 150,000,000 short weights in order to make up controls may be imposed during the Heifers : pesos-—some $40,000,000—to cover | losses incurred in price wars. De1046 or 1947 crop season on soy-| Good nd choice Argentine exports to France. When | fense witnesses, in turn, have testibeans, peanuts, cotton, rice and a Medtume 14.0016.) tig credit is exhausted, the French | fled the A. & P. tried to keep both few other fleld crops. The public 800 pounds down vee [email protected] | will pay directly in France, elimi. [Stock gains and losses at a mini also 1s unlikely to consume milk at SHEEP (1275 nating the need for dollar disburse- | mum. al the present record production rate. [qo . 0 a {Shara} s30@ 60 MEOLS. 2 TT Anderson recently proposed that|Common and medium ....... <oo@ ss! The agreement also sets up a . food production goals represent only Lambs “franc gone,” including metropoli- SOCIAL SECURITY : the “consumptive demand” for such| Good and choles, rrr ri. : iigud tan France, the French empire, ; products. This was his first hing| Medium and good ..... Ll [email protected]/ Syria, Lebanon and Monaco. OFFICE IS OPENED at the need for a cut in farm out- COMMON ....oooo.vrissrannqes 10.00013.35 Although the agreement does not put. - specify the products to be exThe public apparently did not LOCAL ISSUES changed, it was understood France| 1n¢ Indianapolis social security

board field office will open an itin-

agree with his views, An average of 200 letters a day, mostly in protest,

anapolis securities dealers: 1 have since deluged the secretary's STOOKS Sia Asked |Argentina will receive mainly per-|to handle the increased work desk. Many were mimeographed ap- | Agents Fin Corp com .. % ....|fumes, wines, champagnes and cer- | brought about as the result of repeals from consumer groups. Few | {fSthts Fin Corp pid ... 19 3 lain essential ofls for industrial|conversion, the local office sald Ayres 4%% pid today.

were from farmers, Ayshire Col com

Bobbs-Merril) Bobbs-Merril!

BROKERAGE OFFICE CHANGES QUARTERS

‘The Jocal office of Merrill, Lynch, Plerce, Fenner & Bean, New York Stock Exchange brokerage firm, has begun operation in new and expanded quarters at 317 Circle Tower

Indpls Water pid building. "| ¥Indpls Water

Delta Electronic Lab com

Ind & Mich B 4%4% Indpls P & L pid

manager, said the office moved from | J¢T Nat Lite com the smaller location in the Fletcher Rosen C0 Die Trust building in order to furnish better service and additional facilities for its customers. The newly redecorated quarters Include offices for manager, cashier, reference and library room and a

P R Mallory ptd..

Mastic Asphalt N Ind Pub Serv 3%

“ " Progress Laundry com 0 large “board” room. They occupy Ross Gear & 'TOOI COD. . ..s.. 2 INDIANAPOLIS CLEARING HOUSE more than 2500 square feet of floor | So lund CG & B 48% voor JIG UR TRUCK WHEAT Olearings ..... ishsannennnnves § 5,350,000 | Stokely-Van Camp pr pf..... 202 na | space | Stokely. van camp os y 2 ‘ Hi Deb i ioueisraninnin Tinian 14,906 000 Besides Mr. Holder, the local ature Haul Malleable an . Indianapoils flour mills and grain ole | achine com ..... ALOrS Are paying « per vushe or branch includes Joseph A. Shea! ynied Tel Co 8%. ...... +... No. 1 red wheat (other grades on their Neil C. Estabrook, Raymond Neal Union Title com «vv. | Merits); oats, No. 3 white or No, 3 red testing 34 lbs. or better, 60¢

and Mrs, Ethel M. Dunham, account executives, Merrill, Lynch, Pierce, Fenner & Bean holds memberships in all of the. nation's leading stock, grain and commodity exchanges. The largest brokerage firm in the country, it has 88 branch offices.

INCORPORATIONS

8. E Props Co, Inc, 5041 N. Kenwood

American Loan 4!» Buhner Fertilizer 5&

Columbia Club 1s Consol Fin bs

Kuhner Packing Co

N Ind Tel 4%s 58 .. Pub Serv of Pub Tel 4%s 65. Trae Term Corp Bs

H J Williamson Ino

same address; 1 without par *Ex-dividend.

; to deal in new and used trucks,

Nominal quotations furnished by Indi.

Belt R 3k Yds OOM iin Belt R Stk Yds pfd ... 442% pid com .... Central Soys com ...

Circle Theater com .. .. Comwlth Loan §% pid..

cares JOAIS oun Cons Fin Corp pid ........oo 9% .... Electrio oom. ........... 15% 18% 5% 8%

ectrie com. ..

Ft Wayne & Jackson Herft-Jones Co cl A pf ...

Hook Drug 0% GON soasvisven Home IT Wayne 7% pid .. 51 *Ind Asso Tel 5% pid cor 108

Indpls P & L com...... ire ) : ; Class A - a O. J. Holder, Indianapolis branch |iIndpls Ratlways sa wm " ] ‘

Lincoln Loan Co 8% oi..n Lincoln Nat Life com .

P R Mallory com ,.. . Marmon-Herrington com ....

Pub Serv of Ind 8% . Pub Serv of Ind oom ..

BONDS

American Loan 4's 60 Ch of Com Bldg 4)as 61, Citizens Ind Tel 4'as 61

Ind Asso Tel Co 4%s 10..... 108 Indpls P & L 3%s 10 1 Indpls Railways Co 5s Indpls Water Co 3%

N Ind Pub Serv 3%s 73...... 104

Tod $%s 7... 100% x Let Grain Dealers ole 0% Sof these stocks are of good investment quality. A 6s 85.... 98 ....| dare good “business men's risks” selected for insure your furs capital appreciation,

WPB COUNSEL RESIGNS

will get wool, grains, meat and que-

bracho extract for tanning, while erant station in Lebanon in order

a | purposes, gx Fred E. Nicodemus, acting mane

ager of the Indianapolis office, said the Lebanon office will serve the residents of Boone county. The office will be located in the Lebanon post office, and a representative of the Indianapolis office wlll be there on the fourth Wednesdays of each month beginning Nov. 28.

U.S. STATEMENT

- E

i COMMUNICATIONS

RR pra. 08. Ww! NEW YORK, Oct. 28 (U. P)~— «+++| ROA Communications, . Inc., today resumes radiotelegraph service to «147 Shanghai with a substantial reducae 30 | tion In message rates. Under the revised tariff, the prewar rate of 74 cents a word between

pid...

saenas WASHINGTON, Oct. 23 (U, P).-Cove

Mba nany 13h n New York and Shanghai has been |ernment expenses and receipts for the ya i 0 reduced to 24 cents, and the San vie gly eat Shiough Oct, 19, com Se «++ | Francisco-Shanghal rate to 20 cents. ) This Year Last Year os % a’ The Shanghai circuit was opened Bapanes ...$26,300,447,200 § 20,075,128. 488 / Sp'nding 23,251,035.620 26,338, 584,944 J MH by RCA in December, 1930, and Receipts. . 12,820,801 32 11,823,936,319 | Net ett. 13,771.552.974 17.251.192, 168 9% 101,| continued in operation until De-| tty SCI 13a 003087 11881 888.090 ‘oe cember, 1941, when war interrupted | Public Debt. 262,001,350.813 311,420,800,473 Gold Reserve 20,038,503 811 20,737,067,307

.| communication service,

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Acme Motors, Inc, 186 8. Union st, ‘Kokomo: agent, F. E. 01

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. WASHINGTON, Oct, 23 (U, P). ~The war board has announced the resignation of Sidney Friedberg of New "York as counsel of its printing and publishing division. He had held the "post fot two and a half years.

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