Indianapolis Times, Indianapolis, Marion County, 14 June 1946 — Page 29

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- EAN BuSrarisEn,

~By Martin

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FRIDAY, JUNE 14, 1946

BUSINESS—""

TRADE PLAN UPSET BY SOVIET BUYING

Operations of Committee Disrupted by Russ a housing rules to alleviate the cur-

Of South American Leather, Hides.

By NED

BROOKS

.Seripps-Howard Staff Writer WASHINGTON, June 14.—Extensive Russian purchases of leather and hides in South America have disrupted operations of the inter-

national committee created early

this year to allocate supplies and

stabilize prices, official sources disclosed today.

Unable to make purchases in offered by the Russians, within a few weeks, it was pre-

competition with the high prices

the committee may be forced to. disband

dicted, 9 out, will be less seriously affected

Russia, after declining membership on the committee, has embarked on a hide and leather purchasing program in Argentina, Brazil, Uruguay and other Latin American countries.

Pay High Price

In some instances, according to information reaching here, the Russian mission has paid prices as much as 15 per cent above the levels fixed by the international hides, skins and leather committee. As a result, the poal's whole operation is threatened. Fifteen countries, including the United States, Canada, the United Kingdom, France, Belgium and the | Netherlands, are represented on the committee; the successor to the wartime combined raw materials board. Epgland has been placed in a particularly critical position since heavily on South | American sources for her leather.

Forced to Seek New Source Only meager information has] reached official quarters about the] Russian purchases. It is estimated, however, that the mission has closed deals for about 250,000 hides or the equivalent amount of finished leather, Government-owned packing plants in Argentina are said to have sold 100,000 hides for shipment through July. Officials say U. S. lend - lease shipments of leather and hides to Russia contributed importantly to filling her wartime needs. When lend-lease was cut off, Russia was forced to seek other sources. Russia, supplied her own leather needs before the war. Officials believe her present shortage is caused by maintenance a large military establishment and by large live-

stock losses during German occupa- |

tion. Allocation Not Sufficient Although Russia gave no reason for declining to become a member of the international pool, it was believed here that she felt she would | be unable to obtain sufficient supplies under the allocation plan. Quotas for participating countries] are computed on historic trade practices and showings of need. First evidence of Russia's decision

ter for independent action was the ar- |

rival of vessels in Argentina and Bragil. This inspired reports that | the mission was in the market for hides and the price immediately rose from 2 to 3 cents a pound, jeopardizing the international committee’s price of about 15%: The Russian purchases, however, did not begin - immediately.

gotiations then started. Embargo Is Mystery One element of mystery situation is the embargo recently imposed by Argentina on hides and leather exports. Officials here have beén unable to determine whether| this is intended to bar all ship-

cents. |

The t price gradually receded and the ne-|’

in the

than Britain if South’ American hide supplies are cut off. The U.S. import quota under international agreement is 30,000 hides a month as compared with pre-war imports nearly 10 times as large. U. 8.” domestic production of hides has increased to around 20 million as against the pre-war figure of 16 million and allocations for export are fixed at 200,000 a month, In an effort to enforce the international committee's stabilization measures, the civillan production administration recently prohibited | use of American ports for trans{shipment of hides to non-member | countries. Direct shipments are now being made from Argentina to the far east and near east. The international committee, created Jan. 1, is scheduled to decide | by June 30 ‘whether to continue its | existence. President Truman is said to favor continuation but industry | leaders believe England's position {has been made so critical by the Russian purchases that she will be {compelled to compete with Russia’s | price offers. This, they predict, {will mean the end of the agreement. The 20 per cent price boost agreed on when the pool was created, they pointed out, has been insufficient to offset the Russian competition.

STATE DEATHS

Move TO EASE ZONING RULES

‘Fight to Cut.House Short=| age Here Gains Speed.

Revision of “local ‘and federal rent Indianapolis housing shortage gained momentum today after

meetings in the city hall yesterday.

st. and White River pkwy., East dr.,

park between 30th and 34th st., 235th st. and Keystone ave. and on Drover st. between Kentucky ave. and Morris st. Explains Mortgages Meanwhile, R. Earl Peters, fed-! eral housing administrator for In- | diana, explained the mortgage in- | surance liberalization program to Mayor Tyndall's voluntary advisory | housing committee. | “Stabilized .costs,” Mr. Peters ex-! plained, “are enabling F, H. A. to insure mortgages on new residential | building up to 90 per cent of cur-| rent costs.” He predicted an increase in| apartment building construction| with government consideration of] raising apartment rent ceilings. { Albert O. Evans, state eivilian| production administration director, told the committee the government | may spur residential construction by limiting building laborers to a 40- -hopr week. The committee has been seeking| to curb “pirating” of laborers into commercial construction. by extending overtime pay.

AMBOY—Simon Otha Burke, 62. Burvivors: Wife, Olive; daughters, Mrs. Agnes | Harbert, Mrs. Mable Minger, Mrs. Bessie Boht, Mrs, Gladys Cunningham, Mrs. Lucille "Biggs sons, George, William, Oscar: brothers, Oscar, George, William, Lowell; sister, Mrs. Mary Whitzel. BLOOMINGTON — Mrs | Cassidy, 71. Survivors Edward Pitman, Mrs. son, Charles. CHURUBUSCO Mrs. Lesta Alice King, 73, Survivors: Sons, Harry, Prank, Lawrence, Ralph, Charles; daughters, Mrs. Homer Jackson, Mrs. Ollyie Straub. CLINTON—Mrs. Katherine Cheek, 67 Survivors: , Hart- | ss. Mrs, Prances Williams, Mrs Poling; brothers, Ralph and Raymond Stewart. | COAL CITY—Mrs, J. W. Summerlot, COLUMBUS—Mrs. Lucy Snider Clay, 80 Survivors Husband, Harry C.; sen, Al- | bert; brother, J. Arthur Snider. CUTL ER—Mrs Edith M. Alken, 44. Sur- | Vivors Husband, Kenneth; brother, Walilson

Sarah Viola Daughters, Mrs. Homer Sutherlin;

FT. WAYNE-—Mrs. Bmma Johnson, 56. | survivors Husband, Lester; sons, Raymond, Robert, Edward Keane, daughter, Mrs. Charles Foreman, William Adams, 88. ' Survivors: Daugh- | ter, Mrs. Elizabeth Hinklin; son, George W,

GOSHEN —Howard Russell Roll, 50. Sur- | vivors: Wife, Veva; son, Myron; { ters, Mrs. John Nowelsky, Mrs. | Kile; mother, Mrs. Sarah V. Roll; Joe Melvin Dennison, 74. scar, Frank, Chester, Mrs. Marie Crockett; Jess, Joe, George E { Mrs. Clara Walker, 74. | band, E. G HARTFORD CITY—Tom Ciugh, 79

HILLSBORO ~Charles F. Miller, 79. Survivors Wife; son, Dr. Douglas. bd DSON LAKE—Mrs. Annie Hamilton, Survivors: Husband, William daughter, Mrs, Mary Anderson; sister, Mary Fi eeton; brothers, Walter, Arthur, as, obert. KENTLAND — Ernest Ray

brother,

rvivors: Sons, inton; daughbrothers, Fern

Burvivor: Hus-

{ McClatchey

Thom- |

{

METZ—Mrs Survivors: Arthur, MONROEVILLE — Mrs. Giant, 89, Survivors: Sons, Bli A., Joseph A.; daughters, Mrs. Mary Jane O’Shaughnessy, Mrs. Rebecca Lesh, Mrs. Anna Gerber, Mrs, Lenora Jaap, Mrs. Elizabeth Gibson, Mrs. Erma Proegler. MULBERRY—William E. Stringer, T¢ Survivors: Daughter, Mrs. Grace Me-! Donald; sisters, Mrs. Rebecca Ware, Mrs. Oscar Chaney.

MUNCIE—Mrs. Florence Dixon Garringer. Surviver. Husband, Jacob U Ellis R. Moore, 78. Lucy. MUNSTER—Mrs, Augusta Kristel, 62 Burvivors: Daughter, Margaret Johnson; son, Prank; sister, Ann Schwartz. NEWBURG-—Fred Allen, 50. Survivors Wife, Lona; sons, Paul, Ira, Oscar; daughters, Mrs. Bernice Smith, Mrs. Bertha | Poiden; brother, Stephen. NORTH JUDSON—Elgie Little, 60. Survivor: Wife. NORTH MANCHESTER—Mrs. Lillie A Sausaman, 85. Burvivors; Husband, Frank; | daughters, Mrs. Boyd yaner, Miss Carrie Bausaman; son, Ralph. PERU—John P. Pyle, 30. Survivors: Son John W.; brother, James P., sister, Nellie Mason, Mrs. Mary Survivers: Husband, Oharles; Mrs. Evelyn Rosenberger, Pogue; sisters, Mrs. Frank Myers, Irwin Hall, brother, Robert Lewis PETERSBURG—William Hoagland, 91. PLYMOUTH—Mrs. Augusta Kristel, 61 Burvivors: Daughter, Mrs. Margaret Johnston; son, Prank; sister, Anna Schwartz. | PRINCETON—Mrs. Helen Pear! Wright Gien Darwin Pritchett. Survivor: ter, Mrs. Earl Deffendall ROCHESTER—Mrs, Lily Farland, 77. Survivors: Son, ters, Mrs. Daisy Weiss, Mrs. brother, Benjamin F.

Clarinda A. Tingler, 85 Daughter, Mrs. Ora Fee; son,

Mary Louise

Survivor: © W ifs,

Mrs. Joyce

Sis- |

Elizabeth MeRalph sisRose Mill | McCollough |

RUSHVILLE Robert Jarrett, 87. 8ur-!Choice—

vivor Son, Clifton SEYMOUR- -Miss Mary Hill, 16 Syr-

58. Survivors, - Wife; daughters, Mrs. |vivors: Mother, Mrs. Russell Jackson ments or to give the Russians pref- | {57 Lock, Mrs. dodrow Cojey: soos, | 1a her, Charles Hil, brothets. Charles erential treatment. In view of the|brothers, Chester, Harry, Paul, George Rise a or RI recent resumption of Russian-Ar. (Herschel. Logan [vors: Wife, Lelia brother, Herschel sisgentinian relations, they suspect|su:eivare: Wire. do aehicr MosOlp rl | ter, Mrs. Bva Dieus. preferential treatment. jE sons, sister, Mrs. Tiida. Carlson. ES Phat fag liom i ih od ul The Russians, according to in- | 2 PORTE—Mrs. Grace Pavia, 58. Sur- | } Jillian Dwight; brothers, Sous a apd formation here, did not seek credit! y!vors porlusband, Nick; -daughiers, ogee Repl Sy = wee Ne ve but agreed to pay cash. | Lester Stadel, Philip; sisters, Mrs. Clata | SOUTH BEND Mrs. Emma Joossens, 13. | Whether U, 8. packing firms op- | Way. we ue Na, Mee, Justa John- | Burvivors Re e naan:

erating South American branches] have been included in the Russian | deals is unknown here. Officials said they would be under no re-| strictions. This country,

officials _ Pointed

n, {and Spray Choate MARTINSVILLE—William Anson Klocka,

MARTINSVILLE—Mrs. Lillie Mason, 66 |3u rvivors: Husband, : daughters, rs. Ferieda Lopossa, Mrs. Coletta Whitlow. Jus Crystal Preddy, Miss son, Iril brothers, Arthur and Everett Reeves,

Jesse vanoy ifeve 1k

| 48. Survivors

y [ ters, Mrs | Henry R. Catlin sons,

rank, John, Edward; sis Mr ice Mar ins; brother, Edmund ei rents A HAUTE—Howard Warren Zigler /ife, Geneva mother, Mrs

Margaret Zigler Frank Fischer, 83. Survivers: DaughEdna Phip Mrs. John C Mrs. Lewis G Hua dson, Mrs. John Francis, Raymond D

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With public interest centered on the forthcoming Bikini tests, the units, houses will be erected at 10th | government has permitted these photos of the actual work within the closely-guarded atomic bomb plant at Oak Ridge, Tenn. Belmont park, west of Washington | materials from the pile taken to special “hot” laboratories for extraction of the desired pure isotopes. At the start of an operation in a above, working rapidly with very long-handled' tongs, introduces the active material through the roof of a concrete-walled small room or cubicle. The material drops inside the cubicle to chemical processing units which can be operated coms

“hot” laboratory Paul Schallert,

_ THE INDIANAPOLIS TIMES —_ Steps in Creation of Atom-Bomb

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block which has just been pulled from the pile. measures the sample's radioactive strength to check on the safety The carrier block is pulled into a lead shield to protect the workers from radiation of the other samples in the block.

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ly at the ceiling limit.

The cattle and veal supply was almost too light for a fair market test, but ‘prices were called “nominally steady.” Sheep and lambs followed the limited receipt pattern set earlier this 400 cattle, 425 calves and 125 sheep.

| week. Receipts:

GOOD TO CHOICE HOGS (4025) Butchers 120- 140 poumds ............ [email protected] | 140- 160 POUNAS .eevvvvesnes Bagi 160- 300 pounds ......oeseeee 1s 300- 330 pounds ....eveccene ¥ 330- 360 POUNAE vveounsnsssr [email protected] Medium | 160- 227 pounds cee. 13.25014.38 Packing Sows Good to Choice— 270- 300. pounds ........ee00 14.10 | 330- 400 pounds ......eenees 14.10 i Good— 400- 450 POUNAS ..sprnornens 14.10 | Mectum— 250- 550 pounds . [email protected] Slaughter Pigs Medium to Good-— 90- 120 pounds , [email protected] CATTLE (400) Steers Choice 700- 900 poun

R 0-1100 pc 100-1300 p«

5 1300- 1500 pounds

od— 700- 200 pou inds 900-1100 pounds 1100-1300 po nds 1300-1500 pounds ,. Medium— 700-1100 pounds 1100-1300 nounds Common — 700-1100 pounds

rerntrend 3004.90

Heifers Cho 600 500 pounds

16.75@ 117.50

800-1000 pounds ....e.p..0. [email protected] | Good ~ { 600- 800 inds . [email protected] | 800-1000 pounds . 15.75@ 16.76 Medium 500- 900 pounds [email protected] | Comm 500- 900 pounds ‘ [email protected] Cows (all weights) Good [email protected] Medium 11.75@ 13.75 Cutter and common 8:506211.75 Canner 7.00Q 8.50 Bulls (all weights) Beef— Good (all weights) 13.75@ 14.50 Sansage gdod 12.5¢@13.75 ur 11.25 12.50 Cut ter ‘an d common [email protected] CALVES (425) | Good and choice 117 50@18 00 Common and medi 12.00617.50 ( [email protected]

Feeder and Stocker Cattle and Calves cers Choice

300- 800 pounds 16 [email protected] 800-1050 pounds ,,.,...... 16 50@ 17.50 Good 500- 800 POUNAS ,.vvvvuren. 14.50 16,00 « 800-1000 pounds ........e: . 14 30w16,00 Medium | 00-1000 pounds . 12°50¢ 14.50 | Choice and closely sorted 15.75 SHEEP (125) Ewes (Shorn) Good and cholce 7.50% 8.50 common and wedium 6 o0w 750 Lambs (Shorm) hoice and closely sorted 16.00 Good and choice ve. [email protected] Medium and good . 18.5042 14.80 Common 10 [email protected]

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Hog Market Receipts Hold Week's Steady Price Trend

The hog market at the Indianapolis stockyards today showed no change from the week's steady trend. Receipts of 4025 hogs sold active-

LOCAL PRODUCE

Poultry: Hens, 4% Ibs. and over, 24e¢; under, 22¢; under, 20c; Leghorns, hens, 18c; ers, 30c; 20¢; capons, 6 Ibs. and over, 30c¢; under,

Eggs: 20¢; We; Butterfet: Slc.

JEBIANAPOLIS CLEARING HO ee Clearings .e . Debit

PRICES FOR PLANT DELIVERY

20c; springs, 4% lbs. and over, 18c; Leghorn 1946 springs, 30c; 1946 broil roosters, 16c; ducks, 15c; geese,

Current receipts, 54 Ibs. to case, graded eggs, A large, 33c; A medium, no grade, 250.

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"OPEN MON. FRI, SAT. UNTIL 9 P. M.

FOES MAP FIEHT Grain - Ea, Fruit Yields in : ON SILVER HIKE!

on Indiana Senate Showdown Near as increased during May, grein, egg and fruit yield lagged slightly Cd : Supplies Dwindle.

By NED BROOKS Soripps-Howard Staff Writer » WASHINGTON, June 14—Senate pound. Although higher than the rivals prepared today .for a showdown vote next week in the battle 7,000,000 less than last year, over a proposed 58-cent boost in the price of silver, The five months stalemate’ has per 100 layers. reduced commercial silver stocks to a new low, with industrial users|per cent above average, the yield fearing shutdowns in

The fight will reach its climax in| proximately 21 bushels per acre, Ee" a a vote on a rider to the treasury. Hs post office appropriation bill pro- category, being 81 per cent of 1045 Belt posing-that the silver price be raised | figures. Bol to 90.3 cents an ounce for two years Gen Sr rors som. beginning July 1 and to the full according to intended acreage, will|Gomwith % vid monetary coinage price of $1.20 an| fluctuate near last year's figures. ounce thereafter. Blocks Other Bills The house has fixed the price at k TL11 cents, the level at which the|®"d 51 per cent of last year's crop. ind treasury was selling silver to ine firth mt 25 THROUGH EAST-WEST Es: when the authorization for sales of - ndpls Rall surplus stocks expired. t Silver bloc senators have delayed action on the appropriations bill for for weeks, awaiting an opportune time to press for action on wnieh will link Indianapolis with the increase. The measure passed mast coast points and the Bouthand has been west without switching at St. Louis, bottled up ever since in the senate |wil| pe inaugurated July 7 by Pennappropriations committee, With only two weeks remaining |lines and Texas & Pacific railway. of ,the current fiscal year, the bill has now emerged from the com=ithe train also will provide through mittes. Opponents permitted the |sleeping car service from the Bast increase to remain in the bill because of the necessity for action trip wil] take four days. on the $11,600,000,000 in appropri-| ations for the two departments, but |clude reserved their rights to oppose the Washington, Pittsburgh, Dayton, 8t.| rider on the senate floor, Meanwhile, the silver users emergency committee of New York asserted the controversy was not merely one between Western producers and Eastern fabricators but importance to the

the house Feb, 14

one of vital entire country, Supply Dwindling Silver stocks, the committee said, already are running low for motors, motion picture and x-ray film, other photography, food processing, farm machinery and other commercial The group quoted one electrical manufacturer as saying that when silver for contact points is| exhausted, automobile deliveries will | be halted within two to three weeks thereafter, Makers of film and sensitized photography paper have silver nitrate stocks which will last only three to 10 weeks (the committee said, A representative of Eastman Kodak Co. firm, which uses 15 million ounces of silver a year, will be forced to shut down if silver stocks are cut

Senate leaders predicted a lively battle but declined to prophesy the Even if the senate silver bloc wins, it was doubtful that the house would accept the higher price. |

U.S. STATEMENT

outcome,

WASHINGTON, June 14 (U, ) ernment expenses and receipts for the current fiscal year through June 12 compared with a year, 5 0. Expenses 0.580 ot $ 04,137,447,856 War Spend'g. Receipts Net Deficit Cash Balance . ’ are 00¢ Public Debt oh 35 582,719 a 5 468, Gold Reserve

> TEN PIECES IN ALL

FURNITURE [(OMPANV

State Lag Behind Last Year

Times Special LAFAYETTE, June 14~While milk production on

1045 averages. This was revealed today in monthly crop report inund by the 0. 8 agriculture department and the Purdue university experiment A By June 1, milk production per cow was 30.9 pounds, exceeding st

year's record for the period by 0.8 ps LOCAL ISSUES ~~

Thursday, June 14 Nominal quotations furnished by na anapolis securities dealers: STOCKS Although wheat production was 12 Agents Pin Corp com ....... Tih Agents Fin Corp pfd ....eve0 19% Amer States pid ,....eeenses MW Amer ry cl

1034-44 average, egg production was

More than 220,000,000 eggs were layed in May, averaging 1922 eggs

important was 83 per cent of 1945 production. The yield was 20,904,000 bushels, ap-

Satse ana,

Rye yields came within the same]|AY

Tame hay and oats production, |Cen

teany

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Peach and pear production will near | Bee: ohio 1 “ 85 per cent of last year's averages. Bis tye & dnchaon | Rapid Apples show 47 per cent of normal He Dru

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