Indianapolis Times, Indianapolis, Marion County, 7 April 1947 — Page 13

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MONDAY, APRIL 7, 1947 ___

Business—

| Huge Synthetic Oil Research May Rank ~ Along With A-Bomb

New ‘Oil From Coal’ Processes Seen Furnishing Competition for Petroleum

By ROBERT TAYLOR . Scripps-Howard Staff Writer WASHINGTON, April 7.—"0il from coal” is an old dream of industridlists and the final development of a workable process could be comparable to development of the atom bomb. \ The atom bomb is still a military weapon. All the reports on using it for peace-time purposes begin by saying “until science succeeds . . Only recently British sources said they saw no possibility of industrial use of atomic ehergy for a long time. There's an immediate-use for oil from coal, however. It pays off in military security, in insurance against a shortage of fuel for peacetime machines. It fuels the same machines that use petroleum products and supports the vast and complex economy bullt on the sup- ! ply of natural oil, petroleum, the two processes are Prices Not Too High SompeLiee Serincanss ot 44 3 : . 8 8 cance o e reAnd it will have a ready market. | ont announcement that Pittsburgh With the new process announced | Consolidation and Jersey Standard by Pittsburgh Consolidation Coal were going into synthetic producCo., and Standard Oil of New Jer-|tion to the tune of $120 million. It| sey, it can compete with the petrg- Means that the world's largest coal leum product at prices that will company and the world’s largest oil | support a huge synthetic industry, [company have finally cracked the | Men have known for nearly a Problem of how to. make money | century How to get oil out of rocks. Making oil. The Scots have been “squeezing” | -

A ——————_

reports and are still analyzing them. Costs of synthetic fuels were 12 to 25 cents a gallon when the program started. Now they're down to T'2 lo 9%: cents a gallon. As Dr. W. C. Schroeder, chief of the government's synthetic program, expresses it, when the" falling cost of synthetic meets the rising cost of

shale oil for more than 70 en N Y .Y. Budget The biggest impetus came from Germany. Lacking «il reserves and | planning war, she went head-first | into synthetic oil production, regetting a billion gallons. As the|Taxpayers opened fire at a public war progressed, she built up to 40 hearing today on Mayor William | million barrels—more than 1's bil- O'Dwyer's proposed 1947-48 billion | lion gallons—of synthetic fuel. dollar budget, the biggest in .the| of fuel from petroleum—which gives|the budget first was announced an idea how highly the alma v at hearings today, tomorrow y ; Wednesday their charges that valued their synthetic industry. The [2nd 8 : Mayor O'Dwy - synthetic plants were a prime tar-| y er has chosen to im ] ] '|t0 real estate and a threat wasn't idle during this period. AS yy giness and that it is proof that a far back as 1930, Jersey Standard; copy subway fare is necessary. ‘had hydrogenation patents and] It was the first time New York 3 ¢ Even in peace time the demand nhighest in the city's history. for motor fuels had grown from 56.3 million barrels in 1917 to 589.5 million barrels in 1940. Oil reserves

“| tion, and force the operators to

UMW Chief Gould Cripple Coal Output

Can Force Operators To Come to Terms

By EDWIX A LAHEY Times Special Writer | WASHINGTON, April 7.— The “Peace pact” that Secretary of the Interior Krug walked into last May now has him over a barrel—and at the tender mercies of John L. Lewis.

The combined majesty of the three branches of government cannot change the simple terms of a : in “safety code” subscribed to by Secretary Krug and his coal mines administrator, Navy Capt. Norman H. Collison. This code and the contract of which it is a part now give Mr! Lewis the power

make life literal- |

Hundr&ds of Thousands of Net Tons

Mr. Lahey {ly unbearable . for Mr. Krug" and |

Mr. Collisson. , There is a genuine apprehension in Washington that Mr. Lewis, in the name. of the 111 miners who died in the Centrdlia disaster, will push his strategic advantage to the limit. This could cripple coal produc-

come to ferms in a new contract that would end government opera- | tion of the mines. Under the terms of his agreement with the government, Mr. Lewis can force Mr. Krug and Mr. Collisson to shoulder direct responsiBility for every miner killed or injured in a government-controlled pit. Gets Up Committee It works out this way: The safety code which is part of the Lewis-Krug agreement of May 29, 1946, says that a union

each coal mine. If this local committee determines that the miners]? should not descend into a pit because it is unsafe, their opinion shall prevail unless the coal mines administrator rules that the local committee is abusing its authority. Thus, if there is a widespread refusal of local safety committees to. permit miners to work this week, , the responsibility for determining that these committees are abusing their authority rests directly with Coal Mines Adminis-

Secretary Krug. They must order the men down into the pits. # Here Is Record ” The heart of the Krug-Collisson dilemma is reached at this point.

le’ Has

convinced of a lack of safety

safety committee shall be set up at >

C. C. concern over reports that Mr. Lewis trator Collisson and his superior, twas willing to have his men stay away from work indefinitely.

TIMES __

PY}

_ THE INDIANAPOLIS

Krug

Ps - . t

Mercy Of Jo

_ ®

ee - i

—-

et pd Bed pet i Bh

-3

of Steel Produced Per Week

_ STEEL PRODUCTION — Chart above, prepared from American Iron and Steel institute data, shows how weekly production of steel is climbing back, in 1947; from the lows it hit in 1944, when strikes and other disputes held it to only 72.5 per cent of

annual capactiy. During wartime months of 1945, operat

ions averaged 83.5 per cent

of capacity. Today's potential finished steel for peacetime uses is almost 16 per cent

larger than in 1941.

Labor—

Centralia Investigators Probably Will Back Lewis

"U.M. W. Leader Could Lose Support By Keeping Mines Closed Indefiintely

By FRED W. PERKINS Times Staff Writer

WASHINGTON, April 7.—The three senators who last week in-

vestigated the Centralia disaSter are back in Washington as probable] allies of John L. Lewis in his fight for greater safety for coal miners.

But Mr. Lewis could lose this powerffu] and sympathetic support if

he overplayed his hand in keeping thousands of mines closed until they are certified 100 per cent safe.| —m/™/————m

The investigating senators were precautions in the No. 5 mine of the

aster for his own purposes rather than the interests of half a million coal miners. “Great as is the tragedy of CenCentralia Co a lltralia” said Mr. Thurmond, “it is t Co., where an ex-/not s0 great a tragedy as that of a plosion of coal! ynion leader using the pity and disdust on March 23 tress of that catastrophe to advance : killed 111 men. his own ambitions and excoriate . Their chairman,|those whom he conceives to be his 1 Senator Guy Gor- enemies.” don (R. Ore.),| 1f ast week's general “memorial” said: “If one sioppage continues into this week, thing has been carification of the muddle may Shown in these ot come before Wednesday of hearings it is|Thyrsday. By then, Senator Corin - handling of| 4; expects to have -testimony before his subcommittee by Mr. Lewis ‘and Secretary of Interior J. A. Krug.

Mr. Perkins gross negligence safety matters in this mine.” But he and the other subcommittee” members — Senators Joseph

O'Mahoney -(D. Wyo.) and Henry

: Press Safety Question Dworshak’ (R. Idaho)—showed = yQ :

Senator Cordon intends to press the safety question to an early congressional conclusion. The ‘senators apparently impressed at Centralia with the

So far as coal production is’ con-

vention of coal mine explosions. Advocates of this method are led

Economists Have Income Jitters

Worried About Prices, Employment

By PAUL R. LEACH Times Special Writer WASHINGTON, ‘April 7. — Government economists can't see calamity coming, but they are worrying about price-employment-income jitters by this year's end. That was what Mr. Truman had in mind when he sdid he hoped business would see the handwriting on the wall and reduce prices. The sages who say profits have been too fe want prices down instead of

wages up. They want adjustments before another price-wage whiffenpoof starts up that endless infla= tion spiral staircase to real trouble. Food prices are coming down. Agricultural experts say they'll decline more. Prices can go down further without hurting farmers much. Value From Labor Employers say they wouldn't object even to higher wages if they could get full value from labor.

tions on. a five-year plateau. "It sounds = marvelous. silly expression

so many high-

were | Rressure lobbyists use before con- | igressional committees—" time is of | cerned this stoppage has almost virtues of “rock-dusting” in pre- the essence”—it doesn’t mean anythe same effect as the nation-wide | coal strike now forbidden by court order. : !

thing. 've

| |

pf American States cl A. . 3.8 Ayres Va% pid, Vikey reshire Col com ... 71; Belt R Stk Yds com |: i Belt R Stk Yds pfd ... HL Bobbs-Merrill pfd .... wan | *“Bobbs<Merrill pid.... Yoo Central SOYA cOM .......e00.s "nN : Eels Theater og fe aaa #4 ‘Comw an 4% pid ......100 103%; Consolidated Industries com.. % ” Consolidated Industries nfd .. 3% 3 Cons Pin Corp pfa ..:........ ” $4 vs Delta Electric. com........... Ms 15% Electronic Lab com .. .... ... 3% dm 4 Ft Wayne & Jackson RR pfd.. 85 20 _{!Herff-Jones cl A pfd ...... 13% 14% 4 | Hook Drug Co com 25%, 27% +] Ind Asso Tel C 2 pid g S1% Ind Gas & Wat co 1 6 Ind & Mich E L 4; pfd 110 Indpls P & 26 28%: Indpls P & L 47 110 |! Indianapolis Water pte : : 'Indpls Water ¢l A com... 20 22 Indpls Railways com 12 . Jeff Nat Life com .... 18 nM Kingan & Co com 4% 5% | Kingan & So [ta CE AER 18 82 {Lincoln Nat Life 3! pfd .... §7% 60% {Lincoln Loan Co 5% pid. ...100 NL Marmon-Herrington com .. Tis 8% Mastic Asphalt .............. 8%; Natl Homes com . 1 13 N Ind Pub Serv 57 110% N Ind Pub Serv com. 1 18% P R Mallory com ... 26% Progress Laundry com 23 25 Pub Serv of Ind com 41'a 43% Pub Serv of Ind 3%% “.v.... 95 972 Rogs Gear & Tool com .... 32 So Ind G & E 4.3% pid...... 110% 112% StokelysVan Camp gid Se 20% 223% om 19% 21%

There are some calling them-| selves economists who talk grand-! ly of maintaining present condi- |

But like that!

been talking with house!

Indian } —r | Nominal quotations turn 'anapolis securities dealers: | STOCKS

Agents Pin Corp com '........ American States qd 2.

a Stocks and Bonds ds a

“| honeymoohing today following

| Stokely-Van Camp | { |

YOU cr

Sianiaey ape an 45

‘ ’ +} ak mi Mother's pride and joy That's why your portrait is the only gift for ; Mother on her day. She's always wanted a good

picture of you that really expresses your per- . sonality... and that’s just the kind of portrait

HOLLYWOOD, April 7 (U.

marriage Saturday at Santa bara, Cal. : 3 It was the second marria Miss" Field. = She divorced Producer-Announcer Paul De in September, 146. .

— a ae

i A

Mother's Day is May 11th

and at least six nations have been | producing oil commercially, but in| small amounts, Over Billion gardless of cost. Taxpayers Open Fight In 1930, Germany was getting 30 . million gallons a year from syn- Against Record Outlay thetic processes. By 1939 she was! NEW YORK, April 7 (U. P.).— German Process Costly country except for the federal gov- | ; t The cost of this production, at ® ment. ' i. ~| Business and civic organizations the least, was several times the cost |... protested a week ago when fe B-29’ pose new taxes rather than reduce Be ne a then comfort | municipal government costs; that ove "lth ,120, able margin of safety in -petroleum,! e, $1.029,120314 budget is a blow : to new Inporatory technique. Most of the ciiys pudget exceeded a billion oil compny ¥as devted (dollars, and it brought with it an then, to getting better products 107 |inqicated basic tax rate of $2.88 on crude oil. leach $100 of assessed valuation— in the U. §. were about 20 billion barrels. There were official warnings that the day would come when we'd need a synthetic industry.

BOOKS

Congress approved a “pilot-plant” | branch of the Indianapolis public program designed to interest private library, is a study in how to utilize industry, and authorized $30 million the human being.

for it. Thus far, the government has provided about $17,250,000,

Five Plants Located

Other books received recently at | the branch are: READINGS IN THE THEORY

[this country between two and three

YOU—TRIUMPHANT, by Eugene | Benge, a new book at the business

Every day that coal is mined in

miners are killed and gbout 145 injured. This is the record after steady improvement of safety con- | ditions over a period of years. . No one knows what the firreducible minimum of coal mining nazards is, but it is not zero. The] present fatality rate is about 163 for every billion tons of coal mined. |

| Southern Coal Producers associa-

Mr. Lewis is accused by John D. Battle, executive secretary of the National Coal association, and Walter R. Thurmond, secretary of the

tion, with using the Centralia dis-

Hogs Up 2c;

by John E. Jones, safety engineer | builders, for instance. They comof the old Ben Coal Co, in Illinois, |P}8in that materials are too high, and a safety consultant of the fed- [and that as long as they have to eral coal mines administration. Rock Dust is heavier than coal|3nd get only half as many bricks dust. A layer of rock dust inside !2id a day as before the war, it's the mines is claimed to be efficient © Use to talk to them about G. I. in preventing the explosive coal|l0uses for $10,000. Or apartments dust from being suspended in air.|enting for $50 a month. But coal dust continues to settle on| If increasingly more persons hold the rock dust, and applications | Off buying clothes and houses and

OF INCOME AND DISTRIBUTION, compiled by the American Economic association.

Plants now are operating or build=ing at Bruceton, near Pittsburgh;

On a yearly basis there are some 800 miners killed and 44,000 injured.

at Morgantown, W. Va, and at MATHEMATIC : E AL METHODS Louisiana, Mo., to work on coal, and | , vp STATISTICS, by Harold Cra-|

By simply invoking the terms of his contract with the government, Mr. Lewis can force Mr. Krug and

Top Price $21.23

must be repeated. This is an expensive practice but fully justified, according to the experts.

washing machines until the price

is right that plateau is going to!

tip. Copyright, 1947, by The Indianapolis Times’ and The Chicago Daily News, Inc.

‘at Laramie, Wyo., and Rifle, Colo.,| or - i to work on oil shle. Part of the| v work is research in methods, part to get engineering information, part to determine costs. The end of the war spurred both

| FUELS AND FUEL BURNERS, by Kalman Steiner. THE SUCCESSFUL SECRE-| TARY, by Margaret Pratt.

government and industry on synthetic processes. U. S. technicians |

Local Produce

studied German plants—what was left of them—and dug into hitherto gecret German record$ and formulae. They .-microfilmed and brought back 250.000 pages of German records. They've issued 325

Poultry:

Eggs:

36¢c; grade ' grade, -25c.

PRICES FOR PLANT DELIVERY ens, { under, 20¢; Leghorn hens, 20c, soft meated | y chickens, 23c; cocks and stags, i6c; No. 2, be unsafe will poultry, 4c less than Butterfat:

4'2 Ibs. uhd over, 29c

No. 1

No. 1, 60c; No. 2. tc. Current receipts, 54.lbs. to case, A large, 38:2; medium, 34c;

In In

ALUMNA

(Aluminum)

Venetian

PUREE BEARRUAAR |

Special Sizes Made-to-Order

Q y per sq. ft. Delivered Promptly

——

| Gold Reserve ~20,486,236,039 20,255,355,710 | Choice : xOefleit, ia? 500- 800 pounds ............ 19,00 320.50 YOU i v! 00.1050 POURED .ivvrprssns 19.004220.50 av ? — . a ‘ INDIANAPOLIS CLEARING HOUSE . ,500- 800 pounds ..e..oeiiienn 17.004. 19.00 s % A Rd He 00-1050 DORdaws sans 17.00% 19.00 . ” TR 410, 00.1030 p = 5 | { 300-1000 pounds ........ soo + [email protected] : | ommon.-- 3 " : “? oon : i Truck Wheat 500- 900 pounds .. [email protected] sof? po cr ES —— LLL sumer (380) PS FURNITURE GO, /| Jofumeicios te of fn chr, = : fis va are pay ; : , ® f 4 § } pik ‘N. i, tre wheat; new, No. '2 yellow Good t6 choice ..... 21.006 22.7% / 231 W. Washir Span fd 84 per bushel, and No. 3 white | Medium and good ... 8 ii pr Te : or" hel: No. 2 rE VER wos 0G Ewes ( bo sl

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Bizes .24x64—26x64-—26x64 27x64—28x64 . , .

Sizes 29x64—30x64—31x64 32%64—33x64-—34x64 35x64—36x64 . . .

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Convenient Terms Arranged!

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|Mr. Collisson to order men into pits, {on the ground that they are abusling their authority under the safety code. And as sure as night follows day, men are killed and injured when they mine coal. Dramatized by Lewis A miner “forced” into a pit de{clared by his “local committee to become a cause celebre if he tears a finger nail {reaching for his pick. An accidental death, which is a certainty on’ any working day in the coal industry, would be dramatized by Mr. Lewis as bitterly as he has dramatized the Centralia

tragedy to push his vendetta against | {

Secretary Krug.

Mr. Lewis was apparently laying ;

the. groundwork for local safety committees to condemn mines when | he asked the cgal mines administra. tor on Saturday to shut down all | but two of 2531 soft coal mines under federal control. : | And Mr. Krug and Mr, Collisson | were reading themselves up for {more trouble when they turned | down his request a few hours later.

Cattle Trade Is Mostly Steady

Hog prices were unevenly 25 cents higher in a slow trade at the Indianapolis stockyards today. Top price was $27.25. Cattle trade was mostly steacy with a 25 to 50 cent increase. Vealers were mostly steady while fat lambs remained unchanged.

GOOD TO CHOICE HOGS (6500)

| Any of the alternatives before the | government, officials spell chaos, - Copyright, 1047, by The indianapolis Times and The icago Daily News, Inc.

Terra Temp Heater

To Be Exhibited -

| ‘Terra Temp will be shown in op‘eration for the first time in the | Indianapolis Home Show's model house at the fair grounds April 19. The homé heater, which takes its heat from the earth, also will be | shown in the company’s exhibit. | Norman Kevers, Terra Temp Co. | president, said the company’s plans lcall for 50,000 units the first year lof production.

U. S. Statements

WASHINGTON, April 7 (U. P.).—Government expenses and receipts for the current fiscal year through April 3 com- | pared with a year ago: ; ! is Year Last Year $20,706,500,841 32,584,185,167 2,814,684,325 5,071,383,387 257,872,474,482

| Expenses | Receipts lus | Cash Balance | Public Debt.

Butchers 120- 140 pounds [email protected] 140- 160 pounds .. [email protected] 160- 180 pounds .. [email protected] 180- 200 pounds .. [email protected] 200- 220. pounds +. [email protected] 220- 240 pounds ... 26,[email protected] 240- 270 pounds .. [email protected] 270- 300 pounds .. 25.65126.256 300- 330 peunds ver. [email protected] 330- 360 pounds _.... eves 24.50@ 24.75 Medium— » 160- 220 pounds ....... sieve [email protected] Packing Sows i Good to. Cholce— 4 40a 270- 300. pounds i... iiee.s 22.50@ 23.00 300- 330 “pounds .. Jy. [email protected] 330- 360 pounds .. veo 22.506 23.00 360- 400 pounds .. [email protected] Good 400~ 450 pounds ...eiveseens [email protected] 450- 500 pounds .....e00000. 22.009 22.50 Medium 250- 3350 pounds ............ 15.50621.50 : © Slaughter Pigs 90- 120 pounds : . 17.00@ 22.75 CATTLE (2300) holce— ’ | 700- 900 pounds ............ 24 [email protected]

900-1100 pounds ... | 1100-1300 pounds

. [email protected] 24.75@ 27.00

11300-1500 pounds ...eeevnsves [email protected] Good | T00- 800 pounds .....ve..ee 22.00@ 24.00 | 900-1100 pounds .. . 32.25@ 24.50 11100-1300 pounds 22.25@ 24.75 1300-1500 pounds 22.25@ 24.75 Medium v 700-1100 pounds ...eeveevees 18.00 22.25 1100-1300 pounds ....evvvuses 18.00@ 22.25 Common— ' 700-1100 pounds .........000 [email protected] HEIFERS Cholce— 600- 800 pounds ........e... 23.25@ 26.00 800-1000 pounds ....ocoavies [email protected] Good— 600- B00 pounds ....e.ee.eie [email protected] [~ 800-1100 pounds ....eeseve., [email protected] edium-— 500- 900 pounds ...... “eras, [email protected] OMMmMon 500. 900 pounds ............ 13.50@17 00

Cows (all weighys) 15.50@ 17.50

QIOOA .. ihe eae dey A Mbdium womens bos 24

a [email protected] | Cutter and common ......... 11,50@ 14.00 | KOBIDOE iss ianvasnwsnsies . 11.50 ; Bulls (all weights) Beef — Good (all weights) ........ [email protected] Sausage— OBOM viivnsiiaiiatsrintorne 16.50@ 17.00 Medium ...... Ceska nsanes 14.506216.50 Cutter and medium ....... 11.50@ 14.50 CALVES (523) Good and choice ............ 20026 00 Common and medium ....... 12.00% 24.00 | Culls (756 pounds up) :...... 00@ 12.00

Feeder and Stocker Cattle and Calves , Steers

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4 Photographs *595 liing vo ine ouety

No appointment is néeded Proofs are shown Portrait Studio Third Floor

. ~ =