Indianapolis Times, Indianapolis, Marion County, 15 May 1946 — Page 10

By NED

| WASHINGTON, ooh unfold today.

t premium payments for

: Legislation embodying the producer subsidies is awaiting President Truman's signature following its rocky ride through congress. The fund, described by Mr. Truman as “the heart” of theveterans’ housing program, was cut $200 million belaw the figure asked by the White House and Housing Expediter Wilson W. Wyatt. y Mr. Wyatt, although “disappoint ed,” says he will make the fund go| as far as it ¢an. . Congressional

plan gets results. In general, the $400 million will

ers of scarce materials to increase production beyond their normally profitable limits.

Absorb Overtime Pay

For example, the payments will absorb the cost of overtime pay or extra shifts which manufacturers could not pay and still stay within] OPA ceilings. S It also can be applied to finance] plant expansions, reopen closed plants and start production of new substitute materials. “Studies now under way indicate the fund will be used to stimulate production of lumber, brick and

iron. Shortage of the last item 3 holding back such products as furnaces, bathtubs, radiators, boilers and soil pipe. ~Qivilian production administration indicate lumber. production year will be 18 per cent below 22 per cent, structural cent, plywood 30 per tent, hoard 32 per cent, roofing 12 per cent, furnaces 24 per cent, bathtubs 20 per cent, radiators 44 cent. Output Governs Payment The premium payments are intended to overcome some of these deficiencies, The size of payments to an individual manufacturer will be gov-

production in excess of this level, CPA and Mr, Wyatt's national housing agency will share leading roles in the program. It will operate like this: Pirst, the agencies will determine the industries in which premium payments would stimulate production more effectively than other forms of price incentives, such as OPA ceiling adjustments, Next, they will fix industry-wide rates for all production the normal profitable level. These schedules will be based on fhe increased unit cost above the nermal production rate, “Lastly, they will determine normal production quotas for individual plants within the selected industry, * paying the premium rate for each unit produced above the quota. Sees Efficiency Gaining

~-One aim is to return to production -a--large number of marginal plants which cannot operate’ profitably under existing OPA ceilings. These would be assigned low normal quotas so that most—or perhaps all

eligible for premium paymerits.

benefits will work out evenly for all members of an industry, but says his system is the speediest way to eliminate red tape. The average premium on above-

about 20 per cent per unit to the manufacturer's normal return. OPA Changes Undisclosed Since benefits apply only to excess production, Mr. Wyatt esti-

ally will pare about $2 billion from the cost of veterans’ homes. $2 billion represents the

The

tire production of partially sub- + Sidized items, ‘Based on Mr. Wyatt's goal of 2.450,000 conventional and prefabri- | cated houses by the end of’ 1047, the subsidies would amount to $163 | per home if spread evenly.

MR. ROBERT

$100 MILLION ISON MATERIAL

| g Officials Hope ‘Hypodermic’ Will Prove Spur to Sluggish Home Building Industry.

Seripps-Howard Staff Writer May 15—Administration plans for injecting a $400 hypodermic into the sluggish home-building industry began’ to

Surveys already are well advanced, officials disclosed, for starting

oie “Industry advisory boards are being summoned here to work

ithe first three leaders say he will get more if his|

be used to encourage manufactur-|

erned by his normal output and his

mates that the $400 million actu-|

costs | which would be added by corre-| sponding OPA increases on the en- |

WE ARE PLEASED TO ANNOUNCE THAT

HAS BECOME ASSOCIATED WITH US

BROOKS

extra production of building ma-

POINT TO SUIT GOAL FAILURE

Blame Lack of Success on Indecision.

By JIM G. LUCAS Seripps-Howard Staff Writer WASHINGTON, May 15—While| the government fumbles for a so-| lution, the nation learned today it failed by two million men’s suits to] reach minimum production goals in| months of 1846. 4 The civilian pro-| ! duction adminis- | tration estimated the men’s cloth- ¢ ing industry turned out five million suits Jan. | uary through] March, If that rate is main4 tained, 1946 prot duction will be 20 million CPAs Mr. Lucas announced goal is 28 million suits. To reach that, seven million now should be on the| market. CPA claims to have noted “some improvement” recently. Inter-de-partment predictions say the nation can expect 22 million suits in 1946. Industry assistance, if it can be agreed upon in time, may increase it to 25 million. However, sources close to CPA Administrator John Small say he expects to reach only a 28 million “rate,” in the last few months of the year. No. solution is in sight. CPA consistently has balked at regulations channeling material from women's to men’s suits. Several times in the past few months it has been about to take such a step. But the orders invariably have been called back. CPA still promises “some sort of channeling” will be approved.

Officials Disagree

The government's

Chart above shows present status and near-future outlook of criti-cally-short consumer goods as described in recent report by C. P. | Maynard of the civilian production administration.

Hog Prices Firm in Steady Market at Stockyards

The hog market at the local stockyards was steady again today at firm rates. Calves also were steady. ¢ Cattle trade made a comeback from yesterday's weak trend, a steady market clearing the cattle supply before noon, Slaughter lambs and ewes were still too on the market. Receipts: 6600 hogs, 725 cattle, 300. calves and 300

sheep.

HOME ‘SHOW CHIEF’ T0 ADDRESS GROUP

J. Frank Cantwell, managing di-

rector of the Indianapolis Home Show, will be the principal speaker tomorrow noon at the Realtors’ [Day luncheon in the manufacturers

building at the state fairgrounds. Meanwhile, Mr. Cantwell has an-

nounced that home show patrons are establishing new attendance records and that there is a constant

line of persons waiting to view the

five-room model home.

E. R. Dunning, vice president of

the N. W. Ayer & Son, Inc., national

advertising agency, was official

speaker today before members of the Indianapolis Electric League, Producers’

Council of Indiana

Architects’ Association and Land-

scape Architects, Dan C. Hess,

president of the league, presided. Mrs. R. R. Scott of 938 E. 58th st, a member of Forest Hills Garden club, won a blue ribbon yesterday for her shadow box arrangement of flowers, Second place winner was Mrs. Robert F. Mann-

indecision | feld of 908 N. Arlington ave, a

stems from a basic disagreement|member of the Neophyte Garden

between Mr. Small and Chester club. Third place Bowles, director of economic stabi-|shared by Mrs. Robert Zaiser and Mr. Bowles favors CPA's| Mrs. Frank Welcher, both of Oakpresent low-cost clothing policy,|jandon and members of the Arbutus

lization,

honors were

regulations which divert 50 per cent|cjub,

of available cotton, rayon and wool to cheaper garments. Mr. Small insists the time has come to eliminate them. He argues

enforcement is impossible. Mr. Bowles contends Mr. Small is | “four months ahead of the facts,”|

sufficiently to eliminate the lowcost clothing program until late summer or early fall. No Decision Made Industry did not miss the sig-|

nouncement he had ordered “re-| examination” of Schedule K, Order| M-328B with a view of eliminating it. This is the cornerstone of the low-cost clothing policy. Mr. Bowles | is exerting pressure to retain it.

He fears its elimination now would

| fields. No decision has been made. | Mr. Small has promised industry |to eliminate controls as rapidly | possible. Because of that promise,

—of their production would be|he is reluctant to impose new con-iN Ind Pub Serv 57

Poultry: Hens, 4% Ins, and over, under, 20c; springs, 42 Ibs. 22¢; under, 20c; a hras, hens, 18c; 1946 springs, 30c; 1946 broilers, 30c; roosters, 16c; ducks, 15c; geese, 20: capons, 6 lbs. ‘and over, 30c; under, ie,

4c; and over, 18¢c; Leghorn

Eggs: Current receipts, 54 Ibs. to case, 30¢; graded eggs, A large, 34c; A medium, 30c; no grade, 27c. . Butterfat: dlc.

H. SPRINGER

that production ‘will not increase| ame

nificance of Mr. Smalls recent an-|

divert all. material ..to_-high-price i;

as|

LOCAL ISSUES

production has increased so sharply! Nominal quotations furnished by Indi- | anapolis securities dealers:

STOCKS Bid. Asked Agents Fin Corp Corp co Ta . Agents Fin Corp pid ........ 19 20 r States pfd ..... 24 25 Amer States cl A ..... 33 . | Amer States cl B .... 33 | Ayres 4'27% pfd... 10813 Ayrshire Col com ....... 36 37 Belt R Stk Yds com.... 38 40 Belt R Stk Yds pfd . 62 os Bobbs-Merrill 4'2% pid. «MN as Bobbs-Merrill com ...... 12 Central Soya com .... « 4 id Circle eater com ... . 69 a» Comwlith Loan 4% pid. .103% 105% ons Fin Corp pfd.... . 9% Delta Electric com ...... 18 19% Electronic Lab com .......... 6% Pt. Wayne & Jackson RR pf..103'2 106% Herfl-Jones Co cl A pfd....... 12 see Hook Drug Co com . ........ 23% ved Ind Asso Tel Co 2 pfd «oi, 52%; . Ind & Mich Elec 412% pfd....111 113 Indpls P & L com Foie. 330 33'2 Indianapolis Water pf «oe 11 113'% Indpls Water Class A com 31'2 32'% Indpls Railways com 19, Jeff Nat Life com ......... 15'2 Kingan -& Co com". Ta Kingan & Co pfd 04': 98% Lincoln Loan Co 5'% pfd......100 .e Lincoln Nat Life com . ...... 4 ' Mailory com erase 33% 35 Marmon-Herrington com . 143, 15% Mastic Asphalt p 12; atl] Homes com .......... 9 eT 110

Progress Laundry com

900-1100 unds 17.75 1100-1300 pounds .... 16.756@ 18.05 1300-1500 pounds [email protected] 700- 907 pounds .... [email protected] 900-1100 pounds .... [email protected] 1100-1300 pounds ... 1GieT 1300-1500 pounds [email protected] Medium-— 700-1100 pounds ..ecececsnse [email protected] 1100-1300 pounds ..ecovneeeee [email protected] Common— 700-1100 pounds ..........ee [email protected] Heifers 600- 800 pounds ............ [email protected] 800-1000 pounds se....iiasee [email protected] Good— 600- 800 POUNAS ..eeussrenns [email protected] 800-1000 POUNAS «eevvrvannns [email protected] Medium-— 500- 900 pounds ......eevess [email protected] Common-— 500- 900 pounds ............ [email protected] Cows (all weights) ORB auini ir innnndnidesnsniias [email protected] Medium .....0ciinisniinnnvis [email protected] Cutter and common ........ [email protected] Canner .... ,e “* coo T.00@ 8.25 Bulls (all weights) Beef— Good (all weights) ........ [email protected] Sausage— d [email protected] . [email protected] « [email protected] [email protected] [email protected] CUE aovicnin.e von ninanins. TO0GR0.50 Feeders and Stocker Cattle and Calves Steers Choice— 500- 800 poutids .......ss... 16.00@ 17.00 800-1060 pounds ......e000.. [email protected] Good i 500- 800 pounds .......oc000 14.50@ 16.00 800-1050 pounds ........e04s 14.30@ 16.00 Medium -- 500-1000 AE essen vsnnns [email protected] Choice and closely sorted SHEEP (300) a Ewes (Shorn) { Good and choice ............ 8.00@ 9.00 { Common and medium ........ 7.00@ 8.00 Lambs -| Choice and closely sorted .... 16.00 Good and choice ........... [email protected] *| Medium and good .......... 14.00@ 15.00 COMO ~ vosvanerssihsransnrs [email protected] ‘ ’ SURPLUS LIST ‘PEEK’ .| WASHINGTON, May 15 (U, P.). —The senate war investigating committee today tries to find out

limited for a fair test

GOOD TO CHOICE HOGS (6600)

ch — THE INDIANAPOLIS TIMES ° Shortages Hold—But There's Hope

1 N. WHLL CALL TRADE MEETING

Hopes Conference Will Lift

World Living Conditions.

NEW YORK, May 15 (U. P.).— The Unitéd Nations will call an international conference on trade and employment shortly after it meets here next month as the initial step in a program to improve living conditions all over the world. The forthcoming conference, which“ will be conducted by the United Nations’ economic and social council, was announced last night by Secretary-General Trygve Lie in an address before the United States associates of the International Chamber of Commerce. The conference agenda, as outlined by Mr. Lie, will include: The achievement and maintenance of high and stable levels of employment and economic activity. Restrictions and discriminations against international trade. Restrictive business practices. International commodity agreements, ’ The establishment of an inter national trade organization as a specialized agency of the United Nations. Asks U. S. Businessmen to Aid Mr. Lie asked American business men to co-operate in raising the living standards of the peoples of the world and thus eliminate poverty as a cause of war, “I believe that co-operation, through machinery set up by the United Nations, can bring us a degree of economic prosperity which we have never known,” Mr. Lie said. “Failure to co-operate will give us nothing but chaos.”

» -

By R. H. SHACKFORD Upited Press Staff Correspondent WASHINGTON, May 15.—Poland must make public the details of its trade agreements with eastérm Bue ropean countries, especially the recent one with Soviet Russia, before the United States will lift the ban on its $90,080,000 loan to Poland, it was disclosed today. The United States wants to be certain that the Polish trade agreements do not violate the “most favored nation clause” in the commercial treaty of the 1930's between America and Poland. American officials pointed out that it would be impossible for this country to know whether it was getting “most favored nation treatment” from Poland if the trade agreements negotiated with the Polish government remain secret.

Agreement With Russia

If the Polish agreement with Russia, for example, grants the Soviet union special preferences, the United States would demand the same or there will be no loan to Poland. Acting Secretary of State Dean Acheson revealed at a news conference that Poland’s publication of its international economic relations was the last remaining condition not yet fulfilled by Poland under the recent loan agreement. And until it is, the loan will not be implemented. On April 24; .Poland and the United States revealed an agreement for $40,000,000 of export-im-port bank credits to Poland, plus additional credits of $50,000,000 for the purchase by Poland of surplus U. S. materials abroad. But there were three principal conditions to that arrangement: ONE. The notes, which included a reference to the Polish promise

us. Loan to Poland’ Awaits Trade Agreement Details

to hold’ free elections this year, were to be published i Poland, TWO. American correspondents were fo be free from censorship in reporting the election campaign. THREE, Poland, like the United States, was to make public “comprehensive information” concerning its international economic relations. Mr. Acheson revealed last week that further deliveries of surplus American materials to Poland under the agreement had been suspended because of Poland's failure to fulfill any of the three conditions.

STATE WILL SEE NEW PIPELINE TRIAL

Attorney General James A, Emmert said today the state would seek a new trial as a result of a Randolph circuit court order denying the Public Service Commission authority to regulate Panhandle Eastern Pipe Line Co. In a ruling handed down at Winchester Saturday, Judge John W, Macy set aside the P. 8. C. order placing the pipeline company under its jurisdiction. The tommis~ sion had ruled the company subject to its regulations because ‘it sold gas directly to Certain ‘industries rather than on a strictly wholesale basis through another utility. x The court held Panhandle Eastern was in interstate commerce and therefore out of reach of the state commission. The attorney general indicated the case, which will settle an ,important question of regulatory authority over utilities, probably will eventually be taken to the state su-

preme court. :

“WEDNESDAY, MAY 15,1946

HOOSIER CROP

3 a

CONDITION GOOD

Winter Wheat Reported Heading in South -of State.

Hoosier crops today were reported to be generally in good condition

following a week of sub-normal

temperatures which included at least one light frost and a modere ately heavy rainfall. The weekly weather and crop bulletin of the U. S. weather bue reau issued today said most winter wheat was in good condition and was reported heading in the south= ern part of the state. Barley and rye also were doing well, the sum= mary said. : Some torn and soy beans have been planted and tomatoes were be= ing set in some areas, the bureau said. Oats, meadows and pastures were in a fair to good condition, The report was for the week ending Tuesday. - Growth in most home gardens has been slow. Cannery peas wers indicated to be in poor condition in some aréas. The strawberry crop was said to range from poor to good. W. J. Rice, temporarily in charge of the weather bureau, said a 2.30 inch rainfall in central Indiana in the 24-hour period beginning last Saturday morning and varying amounts throughout the state had hampered field work. Some farme ers managed to plow fields, he said. A frost was reported Sunday morning in northern Indiana and on Monday in central and north ern sections. Vincennes recorded the highest weekly temperature, 76. Today's forecast indicated more showers were expected in southern Indiana tonight with cooler teme peratures throughout the state.

di Butuners [email protected] 120- 140 pounds ............ 50@14. 140- 160 pounds ......ccnnne [email protected] 160- 300 pounds ...........e 4.85 300- unas ...ie0ilien 14.85 330- 360 pounds ............ [email protected] Medium— 160- 220 pounds ....... .. [email protected] -: Packing Sows . Good to Choice— 270- 300 pounds .......... . 14.10 a 400 pounds ............ 14.10 400- 450 pounds .iieceereins 14.10 | Medium-— 250- 550 pounds ............ [email protected] Slaughter Pigs Medium to Good— 90- 120 pounds ............ [email protected] CATTLE (725) Steers Chofce— ’

700- 900 pounds

whether the war assets administra-|

49,1 tion is letting favored. dealers get,

| an advance peek at inventory lists {of fast-selling surpluses. i | Chairman James M. Mead (D. N.| Y.) told a reporter the committee! | intends to go into the matter thor- |

|trols. His aides say this explains|Diofress Laundry com 107+ | 0ushly during a hearing on a recent, _Mr. Wyatt does not contend the|his refusal to order wool diverted| *Pub Serv of Ind com . 4314 | sale of 600 surplus army trucks by { ' , 3 18 n $d % . i | from women's to men's clothing. | Sea Ea A 230 Gimbels, a New York department | Production Lags | Stakely.Van Camp com 20% SANS ancicl cts” ch 2 } eaves e “secre ! | | While the argument continues;|U. 8. Machine com feria 4 ised d s Cnarpe oi i , to | United Tel Co 8% .......... 8 ..| raised yesterday by Rep. James G. production lags and stopgap meas-| Union Title com =. ....... | Pulton (R. Pa.) who said WAA in | ures are employed. Maj. Gen, G.| Bonds : : ; quota production is expected to add | g prekine, re-employment and re-| American Loan 4%s 55 ...... 97 vis hs Pittsburgh ares was withliold- | trainin director, has set up an! American Loan 4'2s 60 . 21 aes ng inventory reports from the gen- : g ’ ud od { Buhner Fertilizer 5s 54 ...... 98 ....| eral public but letting “the dealers | inter - department committee to{ Ch of Com Bldg 4'2s 61 ...... 96 «<1 th t t ” [study the problem | Citizens Ind Tel 4'2s 61 ... 103 . ey want see them. | y the p ml, | Columbia Club 1'as 8s ...... 79 ...| “We will request full information | Its aim is to “track down small] Consol Fin 5s 56 ‘ . 99 ‘| on secret lists and advance tips or | | Hoosier Crown 5s 56 ...... 99 101 ‘ lots of fabric (In amounts under|y 4." p & 1, 34s 10°... 107 inside information. given to favored 100,000 yards) in government wadre- | Indpls Railway Co 5s 57 .... 94 97 | dealers,” Senator Mead said houses.” Such material would be| ltd Assoc Tel Co 3s 75 ....104 2 : turned over to 1 { | Indpls Water Co 3'as 68 104 106 ¥ er sma manuiac-| Kuhner Packing Co 4s 54 100 turers {N Ind Pub Serv 3'2s 173 ....106% 108'4 U. 5 STATEMENT . bab py : | Pub Serv of Ind 3's 75 107% 108% CPA claims this committee dupli- Pub Tel 428 85 100 ‘| WASHINGTON. May 18 (U. P.).—Gov-| cates its work. It has two men| frac Term Corp Ss 67 +91 100 | nment expenses and. receipts for the H Williams Inc 5s 55 98 assigned to the task of ferreting| *Ex-dividend : : Surient Jaca) year through May 13 com- | ared w A YEeAr ago: ” out forgotten fabric, It also claims] & Pp > \ ™ mis Year wii Year | the , i Expenses ... $57,168,875, 5,166,008, the amount uncovered Ry ‘such a| TRUCK WHEAT War spending. 44.589,179,047 77,254,431,857 search will be so small it will have | Receipts ' 38.081, 803 141 B gad 861.300 - a ot efleit . ., 20,486,078, 481,146, {no effect on the overall picture, | dia netols _| Cash balance. 19,004,397,056 9,038,285,953 - { Indianapolis floor mills and grain ele [vators: are paying $1.88 ‘per bushel for| Public debt. ..272.070,851,198 236,888,760,807 LOCAL PRODUCE No. | red wheat (other grades on their| Gold reserve. . 20,246,288,589 20,351,018,270 | merits); oats, No. 2 white or No, 2 red 2 Crea | testing 34 ibs. or better, 83¢c; corn, No. 2 oa INDIANAPOLIS CLEARING HOUSE 00 | y€llow shelled, 81.36 b No. 3|Clearings .............¢o00i0e0s JA12, PRICES FOR PLANT DELIVERY white shelled corn, 81.81. usb! an DUBE. sions sess ms ions nana, 6,052,000

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NEVER H I anxiously “for | | Baxter, daught daily at-her he Baxter was ele college a few 1 which she was visit and becar i. one of the big | she hopes she’

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Feeding Tc

MOST DOC they've reared James Beckhar parental affect stituted the f kennel. The m arrived by Cae! ham rushed ot and nipples to was suitable. I and found it t could get milk. schedule. The for their first Beckhams’ slee time took more other problems until the pups themselvs to Beckhams bro} one of the pup enough to keej « . . Speaking schipperke own ave, won some dog show in ¥ of winners” ir first in a field

G.1

NEW YORK spirit that conq Pacific, G. I. J campus. But hands. Educators ss ing to colleges students except wiser perhaps, | veterans in the; But ask the - veterans, and y For one thir #0 popular th: was rejected b then called up it with glee. chance -around "Right now, is getting all th just released fr his program a afternoon and

Take Sides DEBATE oy the collegiate the non-veteral Most vetera: hurt anyone.” finishing their why men who strongly to serv war itself is ov

“1

search and dev eral #AfT orgs Betretary of W ‘nate army res and educations Gen. Eisenh for the Pacific, the yew divisio ligence, trainin the general sta A director 1} division but a consideration,

New Divis ‘IN HIS AN Gen. Eisenhow: “ONE. The military planni weapons. “TWO. Scie the greatest p« search. “THREE. TI industrial and f of our military be carefully ex: “FOUR. Wit sponsibility for functions of pr tribution. “FIVE. Of become fully ay can derive fron with military yr

NEW YORE} you of an art ¢ which I had ti Dows, had sent be the only tin together, Of ¢ They are wi but because of Europe. The s0 are the aler little while th Mr, Dows | murals in both the postoffice i some years age Yesterday a sion on human of its current consideration ¢ the status of the final going port as put tog iat and the rap

Informatio

BEARING i were asked to of the full con think we have The real wo ‘next series of * an internation: taken; and whe of women, and “be set up and We have fel without freedo recommended