Indianapolis Times, Indianapolis, Marion County, 31 May 1946 — Page 14
0. S. Industry usr Wamed to Get in Export Field Now.
Cleveland, Milwaukee, Elgin, Rockford and elsewhere. Mr. Smith is convinced that companies, which are now allocating 10 per cent of their production to Latin American export, will reap rich dividends within the next few years, “They are getting their products here now and are establishing demands,” he avers. “As U. 8. shortages are eased in the next few years, they will be able to increase their exports. Warning te Others “Other companies are refusing to go into Latin America, because they are now able to sell at home everything they can produce. “In a few years, when the market at home becomes glutted, they will start looking around for export outlets. But they will be too late. Those now exporting will be able ' to ship out their surpluses and will reap benefits 100 fold.” Mr. Smith represents firms sellLing machine tools, machinery and “equipment, household appliances |
sumer category. Recently discharged from army intelligence, he is lining up distributors in Brasil, Uruguay, Ar- . gentina, Chile, Peru, Colombia and Panama.
3 *The U. 8.” he says, “is In a * particularly advantageous position. We have a reputation for producing superior products at prices comparable with those of all other countries. Some few concerns which have dumped inferior products here have hurt us, but the record hos been fairly good. Ignore Politics . “South American businessmen are realistic enough not to allow political quarrels between countries
i
i $
and articles in the general con- _
"THOU SHALT USE EXTRA
ul at
Ten Commandments for ie Fodeohis to Follow
OO SHALT CROSS STREETS ONLY AT INTER~ SECTIONS AND STAY UITH- | IN CROSS WAL KS.
THOU THOU SHALT NEVER RUN CAREFULLY BEFORE SUDDENLY INTO THE STREET yf OR USE STREET AS A PLAY="
“IF WALKING ON COUNTRY ROADWAYS CANNOT BE— «+ THOU SHALT USE
Traffic safety is a two-way proposition that needs careful Sketches above illustrate ten “commandments” that will enable you to be a good
¥
ON
cording to the National Safety Council.
| THOU SHALT NOT
THOU SHALT REALIZE TWTITIS DIFFICULT FOR A MOTORIST TO SEE A PERSON
FOOT AT NIGHT UNLESS LESS
SOMETHING LOHIT: OR CARRIED.
CAUTION WHERE PARKED AVOIDED THOU SHALT AL- SAFETY (SLANDS, SUBWAYS, WALK IN FRONT OF BUS CARS OR OTHER VIEW WAYS WALK ONTHE LEFT, ELEVATED CROSSINGS AND OR STREET CAR IMMEDIOBSTRUCTIONS AREPRESENT. ~~ FACING TRAFFIC. OTHER SAFEGUARDS. 7 . + ATELY AFTER ALIGHTING.
ians as well as careful motorists.
ac
If you follow the Ten Commandments illustrated above, you'll be doing your bit to reduce the nation's terrifying annual toll of traffic accident and de ath, says the National Safety Council.
afford a fair test.
120- 140 pounds 140- 160 poun 160- pow 300- 330 pounds 330- 360 pounds
Medium—
160- 229 pounds ....
to interfere with trade. Argentina is ready to buy everything the United States can offer, providing is as good or better than that competitors.” Mr. Smith says that he has found U. 8. manufacturers could improve their Latin American businesses if they offered easier credit, paid more attention to getting better distributors and agents, got less interference from government export license officials.” British firms, he said, are allow-| ing 60 to 90 days credit, while 1100 most U. S. firms are demanding’ cash. “The Latin American market,” £ he says, “is growing. It is com-| parable to what the U. 8. market was between 1860 and 1900.”
ht, ne The Indianapolis Times bi Bo Chines Dally News, Ine.
U. S. STATEMENT
WASHINGTON, May 31 (U. P.).—Government expenses and receipts for the current fiscal year through May 29 com-
pared with a year ago: S ar Last Year
This Yea Expenses ... $58 087,151,323 $89,304 416,653 War spending 2 706,224,271 81,104 ,496,037 Receipts 7,060,800,100 40,146,021, 552 Net deficit... n 026,346,223 49,248,394 601 Cash balance. 18,660,024.452 9,504,938, 14! Public debt. 273008 104,399-238 971,340,360 Gold reserve. 20242801631 20,270,152,116
INDIANAPOLIS CLEARING HOUSE
it of
Today LN DN $ 6,670,000 RUBMINS st srvescrsitongens iva 18,807,000 The Month ,429,000 RASA atB As tains 087,000
LOCAL PRODUCE
PRICES FOR PLANT DELIVERY
under, 20e; rings, 4% 2%¢; under, 2c; Leghorns, 18¢;
+ Reese, and over, 30¢c; under,
; : Current receipts, 54 Ibs. to ease, wer graded Se, A large, 33¢; A medium, ; no grade, 2 a at: Sle. |
ig: 4
Good 270- 300 330- 400
Packing = Choice—
Medium “450 pounds 50- 530 pounds ...
ees
GOOD TO CHOICE HOGS (2500) Butchers
Slaughter Pigs
Medium to Good— 90- 120 pounds
CATTLE (400) Steers
Chile
100-1300 pounds 1300-1500 pounds Gon d— 760- 900 pounds
#00-1100 pounds .... 1300 pounds ....
1100-00-1500 pounds . Medium-—-700-1100 pounds 1100-1300 pounds Common— 700-1100 pounds
H €00- 800 pounds 800-1000 pounds Good— 600- 800 pounds 800-1000 pounds Common 500- 900 pounds 500- 900 pounds Medium
Cows (all Good . Medium . ve Cutter and common .... Canner ...
Bulls (al Beef— Good (all weights) Sausage— Good
Medium
Cutter and common . ..
ounds | 900-1100 pounds ....
13.50@15
ceernens 15.250 16.25
ernie 3.00 eral southern rivers. lay an important part in future {Ind Assoc Tel Co 35™75..... 104 . play eh | A Six-inch rain hit Dallas, Tex.,| Indpls Water Co 32s 68 ..... 104 . 106 | gas turbine development. Its lightweights) (3350 14.5 jon Wednesday, and the Upper Trin- | Kuhner Packing Co 4M... 100 1081; | ness will greatly assist experiments . [email protected] ity is out of its banks, forcing farm. | 5, "8.5 0 tna 3ias 15..... 10714 108% |in that field. Ras: 25 ers to move their stock. Pub Tel 4s 38 ll 10... ¥ . rac Term Corp 5s . : wa weights) The New York state flood has yu j williams Inc 5s 85..... 98 . TRUCK WHEAT BBM moved on down the rivers, and the, *Ex-dividend. pat highest water is now in the neighvoi Capitol Packing Co. Inc., 301 Kentucky Indianapolis floor mills and grain ele1 1a so@1l 3} borhood of Wilkes-Barre, Pa. The! ave P ndianspofis. 2 ent, LSiorse is Jators are’ Ju ying $138 per, ion’ thet . 11.004 ! Stark, 4825 N, Kessler blv ndianapo Ni r eat (other grad es on ® 9.00@1100 Storm that caused this mischief | Stas shares of $100 par vaiue; George W.| merits): oats, No. 3 white
CALVES (200)
Good and choice
{ Common and medium
Culls ......
11.50@) 7.50@1
10 00a 1
7.00 1.50
7.00 7.50
6.00 8.00
4.50
Feeder and Stocker Cattle and Calves 500- 800 pounds . 16.00@1 800-1050 pounds ............ 16.50@1 Good— 500- B00 pounds .....veive... Hs50@t 300.1060 pounds ........ veo. 1430Q1 Mediu 500- 1000 unds 12.50@1 . | Choice and closely sorted 15.75 SHEEP 30) Ewes (Shorn) Good and choice . To0@ Common and medium wore 8.00Q Lambs (Shorn) Choice and closely sorted 18.00 | Good and choice . 1425@1 Medium and good . 13.00@1 Common
12.50
South Delaware Bt. at EI Lilly's
and streets today.”
ROCK
KENTUCKY
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sity
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| ® Speed and Economy in Application ® Durability Under Hard Traffic
Only the best in surfacing material will meet the * heavy demand that is being placed on our highways
Kentucky Rock Asphalt, with record, will more than do the job.
Econoiical-Dura ble
Lott
1330@1320 rains.
[email protected] been reported. 16.25@1 17.50| had five inches in 24 hours in the| American Loan 4'as 60 18. [email protected], middle of the week, and three-inch!
15.25@16:25 | sides the disaster area in New York |
13 noi 25 11.00@1
- 1
{completed and little replanting will
... [email protected] be necessary, but growth lags. In| So ina O 4% 137501875 the South cotton as well as corn
Terre Haute
have been damaged by excessive
Tit] Some very heavy downpours have | Union Title
Little Rock; Ark.
| rains were nothing uncommon. Be- | Citizens Ind
|state, there are flood stages on sev- | De a
Pub Serv of Ind 3% pid .
Stokely-Van Camp com
U 8 Machine com .... *United Tel Co 5% ...
| American Loan 4'a 55.
{ Buhner Fertilizer 5s 54 Ch of Com Bldg 4%'as 61
| Columbia Club i 5s Consol Fin 5s Hoosier Orown
Indpls Railways Co 5s §7...... 94
Steady Prices Are Reported Oca, Bue y Nominal quotations furnished by Indi- * apnapolis securities dealers: For Most Livestock Here rocks ma ke Agents Fin Corp com ....... 1% wan > Agents Fin Corp pid ....... 19 20 Limited receipts after a one-day market recess at the Indianapolis | Amer States ptd ........ wor HY... stockyards today found the market steafly in all classes, with the excep- Ames Sais u 2 cerirsesaaes R . mer a c Cresent nanes “rs tion of sheep and lambs, which were received in too small numbers to | B Ayres 4%% pid eens. 08% Ayrshire Col com .......e0:ss 37% 40% Receipts included 2500 hogs, 400 cattle, 200 calves and 50 sheep. {Beit R Stk Yds com ...... vere 38 “0% Belt R Stk Yds ptd .......... 62 5 Bobbs-Merrill 4% % pid ...... n i: CROP HOPES DIMMED :=5::5% == ! citiia " pa I » Central Soya com ....... 81 ansseans i i lo Theater com ‘oe Run] BY WEEK OF RAINS E5854, Hernan 1 a0aess Delta Electric com .......... 18 18 com - 1325@1435| WASHINGTON, May 31. —Pros- | Fu Way: 6 & a" Jackion, RR pid..103 108 sows pects for a bumper corn crop were Ee Drug Co" em nee Bw qd Asso Tel Co 2 pf vs 83 . oaks u io dampened, in the literal sense of Ind & Mich lec fan Prd 110% 118 cererres the word, by still another week of] Tndpls P & L com wv 33% 34% sensnsrs 14.10 wet, cool weather, reports to U. 8. TRA B com ails 13% 0 Ways com ........ ven [email protected]| weather “bureau headquarters here! apt x fiyays SOB ..-.0oms B ; | indicate. | Kingan & Eo som Sian evar Ti 8! ngan & Co i ve. 93% 2% [email protected]| Only optimistic note comes froin} Kingan & Co pid 3% pid... 100 a |the edge of the great plains, where [1duegin, Nas Mle com i la zone between the dust to the! | ered aliary Som com 16 [email protected] | {west and the mud to the east pro-| Mass Asphalt ........ [email protected] vides just-right condition. | Hot! 058 SUR ye fevdess 1615818. 05 In Towa planting is practically Plbgress laundry 90M «1s
E 48% pid. Camp .pfd .
Malleable ..
com
Tel 4'a28 61.....
L 3%s 70...
lige FLOUR CHANGES
"| The only future fighters and bomb9 ers in which the R. A. F. is now in-
***| he said. ***'|with a jet-propelled flying wing ....|which may be the forerunner of a :**" | revolutionary fighter.
‘’|a nickel alloy which is expected to
Say Wheat Extraction Over 80% Is Harmful.
WASHINGTON, May 31 (U, P). —Some high government officials today doubted the value of increas-
‘ling this country’s wheat extraction
rate above the present 80 per cent. The United Nations food and agriculture - organization recently recommended that all nations boost their extraction rate to at least 85 per cent to provide more wheat for famine areas overseas. Increasing the wheat extraction rate enables millers to obtain more flour from the same amount of wheat. It also results in a darker shade of bread. The 80 per cent rate results in a beige-colored bread.
Objections Listed
Reliable sources outlined these objections to stepping up the extraction rate: : ONE: Flour of maximum nutritional value is produced when the rate is slightly over 80 per cent. After that, there is no increase in nutritional value, The fibrous materials left can be harmful to some people. TWO: The residue from flour production is an important source of dairy feed, now in short supply. If the rate were stepped up it would mean less feed at a time when the government is striving to maintain milk production. THREE: It would give Canadian millers who are making lower-ex-traction flour a competitive advantage in foreign markets. U. 8. millers have special exemption but the amount involved is very small. FOUR: The higher the extraction rate, .the more germ oil remains in the flour, This tends to make the flour spoil more easily and probably would arouse the opposition of the entire milling industry, FIVE: High extraction flour results in a small loaf of bread because the flour does not rise as much. This raises a serious possi-
.| bility that any savings through a
higher extraction rate would be
|offset by a heavier domestic bread : consumption.
Despite these objections, UNRRA
«| Director Fiorello H. LaGuardia has
said he not only would welcome an
:*|85 per cent extraction rate, but "|would be willing to see it go to , 190 per cent. Many European coun- , | tries use a higher rate.
* BRITAIN WILL STICK
WITH GAS ENGINES
LONDON, May 31 (U, P.).—Brit-
:| be developed in “the future only -| with gas turbine engines to take 21 full advantage of recent experi- | mental successes, government id showed today.
Such engines will be installed on
4 | all overseas airliners, Supply Min-
ister John Wilmot said yesterday.
terested are those with jet engines,
The De Havilland Aircraft Co. has experimented for several weeks
British metallurgists have evolved
{veered to the southeast and is now| Stark, Maribel Stark, Prank G. 17.00@ 17.50 | OUt over the Atlantic. Ed
na Stark,
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— tes! Ibs. or bette Gera | yao’ ah shelled, $1.36 per’ posne) < Be
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‘violence,
ain’s civil and military aircraft will
This controversial measure, in last Feb. 7 by 258 votes to 155.
action in the coal and railroad strike situation, forced it out for senate debate three weeks ago. Greatly altered by amendments, it passed the senate, 49 to 29, last Saturday. On Wednesday this week the house approved the senate’s version of the bill, 230 to 106, and sent it to the President. Here are its provisions: ONE: It would create a new, five-; member federal mediation board to take over the mediation and cohciliation, functions of the secretary of labor and the U, 8. conciliation service. The board would establish branch offices in or near communities where serious labor disputes were likely, TWO: As “public policy,” it would place on all parties to a dispute affecting interstate ‘commerce a positive duty to seek agreement by collective bargaining, and to co-oper-ate fully and promptly in efforts to aid a settlement. THREE: The board could volunteer its services, or intervene at the request of any party to a dispute. Having entered a dispute, it would try to bring the parties to agreement by mediation, conciliation and voluntary arbitration, These efforts failing, it would notify the secretary of labor. FOUR: If the board intervened in a dispute, it would be the duty of the parties not to resort to strike, lockout, or any form of or to change wages or working conditions except by mutual agreement, until the board reported failure of its mediation efforts or until 60 days had elapsed sincé a collective bargaining conference had been asked. Employers failing in this duty would be held guilty of an unfair labor practice. Employees {ailing in this duty would lose their status as employees, under the Wagner act, but would regain it if re-em-ployed. Individuals would remain free to quit their jobs at any time. 5. A special fact-finding procedure would be set up for disputes affecting public utilities. If the federal mediation board found a dispute to threaten hardship by substantial interruption of an essential service, it would ask the President of the United States to appoint an emergency commission. The commission's recommendations would be limited to wages, hours and working conditions, though its report could “describe” ther issues. A fact-finding commission would
=
Case Bill in. Truman’ s Hands, Altered From
By Seripps-Howard Newspapers WASHINGTON, May 31.—Before President Truman today is the Case labor bill, awaiting his decision whether to sign it, yew it, or let it become law without his approval.
Original Form
different form, passed the house
A coalition of Democrats and Republicans, determined to take some
unless, by consent of parties to the dispute, the President extended the period to 60 days. While the commission was investigating and preparing its report and for five days thereafter—a maximum of 65 days—it would be the duty of the parties not to resort te strike, lockout or violence, under the same penalties provided for such action in other controversies.
SIX: Contracts between labor unions and , employers would be made enforceable through civil suits in federal district courts. Either party to a contract would be suthorized to sue the other for breach of contract, and to recover damages if proved.
SEVEN: Individual employees participating in unauthorizeds trikes in violation of a union's contract with an employer would lose employee status under the Wagner act, but could regain it if rehired.
EIGHT: Secondary boycotts would be outlawed. Unions would be subject to anti-trust law penalties if they used or threatened strikes or violence to prevent any person or company from using or selling products of another person or company; or to compel any employer to violate an effective contract with other unions; or if they conspired with employers to fix prices or otherwise restrain trade.
NINE: Union officers and members. would be subject to federal arfti-racketeering act penalties if they * obstructed interstate commerce by robbery or extortion carried out through. threats or use of force or violence. TEN: Employers would be forbidden to contribute to union health and welfare funds, and unions to receive such contributions,
by unions.
Employer contributions to such |é funds could be obtained through |: collective bargaining, provided the!::
detailed basis on which payments are to. be made is specified in a written contract; that employers and employees are equally represented in administration of the fund, and that provision is made for annual public audits. ELEVEN: Foremen and other employees could join unions, but the unions could not represent them as collective bargaining agents under the Wagner act. This prohibition would not affect occupations in which it was prevailing custom for unions to represent foremen in bar-
be required to report within 30 days
gaining before July 1, 1935.
if the 8 funds are exclusively administered:
+ ¥ hii
FRIDAY, MAY 31, 1046
ACTION SOUGHT:
ON SCIENCE BILL
|Research Men Split on Method for Aid.
By Science Service
WASHINGTON, May 31. Ane
other science foundation bill te provide federal funds for scientific research is making a bid for cone gressional action, although a coms promise bill, 8. 1850, worked out by months of senate hearings to reconcile viewpoints among scientists ale ready has been reported out of senate committee and awaits a Place on the senate calendar. This new bill, H, R. 6648, introduced by Rep. Wilbur D. Mills (D. Ark), only two weeks ago has had two ‘days of hurriedly called hearings, at which Dr. Vane nevar Bush, director of the OSDR, war research agency, gave it his blessing as “fulfilling the needs of the country better than any other piece of legislation I have seen for the purpose.” A statement from Secretary of Commerce Wallace, presented by Dr. E. U. Condon, bureau of standards director, declared the new bill “will not foster the progress of free scientific inquiry” and “will lead to an increasing monopolization of science by a small clique and op= erate to the detriment of small and Ide pendent business in this coune ry.” The Mills bill puts the control of the proposed national science foundation in the hands of a part time board,
0
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