Indianapolis Times, Indianapolis, Marion County, 4 April 1941 — Page 46

PAGE #4

BIG ANTI-TRUST DRIVE EXPECTED

31 Industries Face Probe if Senate Agrees in House Fund Increase. By CHARLES T. LUCEY

Times Special Writer WASHINGTON, April 4-—The biggest anti-monopoly drive in history will be undertaken if the Senate follows yesterday's House action in granting a $900,000 fund increase to the Justice Department's antitrust division. The Government, according to Thurman W. Arnold, assistant attorney general in charge of antitrust prosecution, is prepared to investigate at least 31 Industries producing war materials—an area in which it already has scored notable successes. : : It contemplates grand-jury Investigations in the fields of agricultural machinery, packing, cottonseed oil, fresh fruits and vegetables, and china-store buying.

Favors Other Probes

Mr. Arnold also favors grandjury investigations in housing, food, household appliances, clothing, drugs and medical supplies. In dealing with possible anti-trust law violations in strategic materials, grand juries probably would be called in New York, Detroit, Los Angeles and Chicago. Much evidence already has been given a New York grand jury. As many as nine grand according to plans, would be summoned to go into alleged restraints

of trade affecting foods. The Justice Department appropriation bill as approved by the House gives the Anti-Trust Division $2.325,000 for the year beginning July 1 — $750,000 over the budget estimate and $909.000 more than it has had this year. ‘The House Appropriations Committee commented: “The committee regards the appropriation for the enforcement of these (anti-trust) laws as being al this time one of our most urgent governmental requirements.’

Arnold Is Praised

juries,

The committee praised Mr. Arnold’s anti-trust drive and pointed out, that, aside from the general benefits to the public resulting from

stopping restraints of trade, last vear's $2,700,000 in anti-trust fines collected was about twice the cost of running the division. Already criminal or civil actions have been started in aluminum, military optical goods, tungsten carbide, airplane fabric, bentonite and magnesium industries. Grand juries also have been investigating drugs, aviation precision equipment and surgical instruments ana equipment While the Government has been suing the Aluminum Corp. of Amerjca. the price of aluminum has dropped from 20 cents to 17. Tungsten carbide prices fell from $205 2 pound to near $50 two days after indictments. New competitors are now entering fields which single concerns have dominated for many years According to Mr. Arnold, there are evidences of price increases, artificial shortages and foreign control in various war materials. He told the Temporary National Economic Committee that “there is imperative need for additional investigation of the production and distribution of these essential materials.” Bread Prices Cut

Prices, he contended hefore the House Appropriations Committee, “immediately react to an anti-trust investigation. Indeed, I have come to the conclusion that all that is necessary to bring down unjustified prices is a grand jury investigation of persons with a guilty conscience.” The objective, according to Mr. Arnold, is to “see that the Government does not pay through the nose for war materials, and, second, to see that prices of necessities of life do not soar.” An indictment of bread dealers in Philadelphia, according to Mr. Arnold, brought a drop of 1 cent in’ the price of a loaf, resulting in a saving of $4.000,000 in nearby Pennsylvania, Delaware, Marvland and New Jersev. He said bread wars were financed to force out independents, “and when they were forced out, up would go the price of bread and down would go the weight of the loaf.”

11,000 EXPECTED FOR CONVENTIONS

Indianapolis, in its role as a convention city, will welcome some 11.000 visitors this month. This total, the Indianapolis Convention Bureau reports, does not include visitors at the Indianapolis Travel Show at the Murat Temple, Monday through Tuesday: the Home Show, April 18-27, or the Y. M.C. A Hobby Fair, April 24-25. Among the conventions to visit this City during the month are the ndiana Federation of Music. 17 and 18; the Indiana Water Works Association, 24-25; the Slovenian Progressive Benefit © Society Bowling Tournament, 25-27, and the Western Division, American Philosophical Association, 24-26. The largest convention to be held here this vear will be the Ancient Arabie Order of the Nobles of the Mystic Shrine convening here June 8-11. The attendance is estimated at 25,000.

PICKET BAN SET ASIDE VINCENNES, Ind. April 4 (U. P.).—On a State Supreme Court order, Knox Circuit Judge William Hoover today revoked a temporary injunction prohibiting picketing at the Sunshine Mine at Bicknell. The

injunction, against 34 former employees, was granted Dec. 16.

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