Indianapolis Times, Indianapolis, Marion County, 17 June 1941 — Page 17

ALUMNI 00. DENIES CHARGE

Willing to Produce ‘All the

* Metal It Has Power For, Wilson Says.

WASHINGTON, June 17 (U. PB). —Vice President I. W. Wilson of the Aluminum Co. of America,. defending his organization against charges it has attempted to restrict aluminum. production, said today. that Alcoa is willing to produce any amount of the vital metal for which power can be obtained. Mr. Wilson's testimony followed ~ charges by Interior Secretary Har-

. old L. Ickes that Alcoa would pre-

vent: ‘necessary expansion” of aluminum manufacturing facilities in order to “get them all within its own domination and control.” Mr. Ickes charged that if the war is lost it will be “because of the recalcitrance of the Aluminum Co. of America.” Mr. Wilson said that Alcoa is now producing more than double the

amount of aluminum it produced in|

1938 when the present expansion program .js completed, he said,, 19338 production will be almost tripled.

Senator James M, Mead (D. N. Y.) charged that the Office of Production Management seems to -be the “culprit” in holding up construction of the Fontana power project in North Carolina that would ehable production of an estimated 100,000,000 more pounds of aluminum a year. - -

' Question Agreements

The Committee, it was learned, plans to question Alcoa officials about agreements between the American and 'Canadian firms by which markets were divided and competition allegedly prevented in the United States. “They did their damndest to prevent us from making a power cons tract with the Reynolds Metal Co.,” Mr. Ickes said in testimony yesterday. In advocating new aluminum facilities in the Northwest, Mr. Ickes said that unless such action were instituted, it would be necessary to take “metals and materials on joyrides back and forth across the country He By intend out that at present aluminum produced from bauxite is

- shipped from Mobile and East St.

Louis, Ill, to the Northwest to be

° reduced to pig aluminum. Then the

pig aluminum is shipped to fabricat-

- ing plants in the East, and finally

sent back to the Pacific Coast—and even to the Northwest itself—for airplane manufacture,

Fears ‘Junk Prices’

Mr. Ickes urged that the Government prevent the reduction plants il is building from being “bought by only one big and” wealthy company.” "“In such an event it’ may buy them up at junk prices that will result in heavy losses to the Govérnment,” he said. “It may even do this for the purpose-of closing them down, thus keeping them out of competition. Throughout its existence, the Aluminum Co. of America has bought out or hampered by all means in its power every formidable competitor that ever threadened it.

Inquire About Our Custodian ‘Service for Your Investments

MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION

{ATT THITTR RITTTHIA

FIRE—-CASUALTY AUTOMOBILE ENN NOB Ll Ng INSURANCE

tor Careful Property Owners

“| with a'year ago:

at Substantial Savings

.| holders would receive no equity, but

‘|creased from

‘| Expenses si, 815.333,088.96 $ 8 302} 41,363. 4 Receipts 6,825,603,488.16 407,135,684.61

By ROGER BUDROW Indianapolis factories, busy with defense or regular civilian orders, are paying more than $1, 250,000 a week in wages. More than 37,600 persons have jobs now in these factories, which : is an increase of almost 40 per cent over last year at this

He $1,250,000 weekly: payroll in factories alone, where, of course, the re- . armament effect was shown first, is 70 per cent gremter thay ; was at this e Roger Budtow “oso. The Indianapolis office of the State ' Employment Security Division reports that it has helped more. than 12,500 persons get work in this area since the first of the year. By this time last year only 8500 had found jobs. That is a 47 per cent increase. More persons are hunting jobs, changing for better-paying ones, coming in to the city from elsewhere. Along in March this year, there were actually fewer seeking work than at the same time last “year but this trend has been reversed. By the end of last week the local Employment Security office had received 24,000 applications for jobs compared with 17,700 at the same time last year— a 28 per cent gain. The number of persons without jobs and claiming unemployment benefit insurance is roughly half what it was last year. Somewhat more than 47,000 have ap- . plied for unemployment insurance benefits here (by. June 7)compared with 87,600 at the same time last year—a decrease of 46 per cent. The Center Township relief picture also shows how employment has taker a good many persons off the relief rolls. There were 2237 cases of relief at- the end of last week, Center Township Trustee Henry Mueller reported, involving an expenditure so far this month of $17,098. Last year at

ICKES HALTS OIL SHIPMENT TO JAPAN

WASHINGTON, June 17 (U. P). —Defense Oil Co-ordinator Harold |a

lons of lubricating oil from Philadelphia aboard the Japanese tanker Azuma Maru. An Interior Department spokesman said that Mr. Ickes had learned that the oil was about to be loaded on a ship at Philadelphia and pre-

struct Customs authorities to stop the shipment. The spokesman said Mr. Ickes also would ask Gen. Russell L. Maxwell, Federal Export Control Administrator, to consider promulgation of regulations to ban oil shipments from the East Coast in view of a threatened oil shortage along ‘the entire Atlantic’ Seaboard. A press report that the Azuma Maru had arrived in Philadelphia to load oil prompted the Wilson Martin division of Wilson & Co. |& Inc., to telegraph a protest to Mr. Ickes.

C. & E. I. Railroad Out of U. S. Court E

CHICAGO, June 17 (U. P.).—Federal Judge John P. Barnes yesterday signed a final decree approving reorganization of the Chicago and Eastern Illinois Railroad (formerly railway) eight years of Federal supervision. Under the reorganization ° plan,

trustee for the railroad and C. P. O'Neal became president. The railroad will have $4,900,000 in Reconstruction Finance Corp. funds with which to begin operations. Previously, it had received $7,000,000 from the RFC.. Capital stock of the railroad, during reorganization, was reduced from $88,831,754 to $61,000,000. The|r, plan provided that common stock-

that. preferred stockholders would

L. Ickes today had Customs officials | prevent the shipment of 252,000 gal-| Am: Loco

vailed upon Treasury officials to in-|Br.ses tM

and ending more than 8

Benjamin Wham was dismissed as|C

Indianapolis Business Summary

Bank Clearings ................$21,770,000 $24,742,000 .$65,659,000 $63,256,000

Bank Debits EAs ers aeRO Tee al Postoffice Receipts .cocesescccae. Building Permits ....cccc00c00..8 Houses ....

Apartments cer Sebaredaeveuys -

Business Industrial Public Repairs & Alterations ......$ Applied for Jobs Received Jobs .......

Claimed Unemployment Benefits (June 7)

Freight Carloadings: Inbound : Outbound Electricity Output (kwh) Water Pumpage (gallons) Street Car Passengers (June?).. Telephones In Use (June 12) ... Livestock Receipts (head) ...... Cattle Calves ccceccecstonsasesnsnee + Hogs Sheep Grain Receipts (bushels) ....... Corn Wheat ..coeccecccecanisncaes Oats ...ccesccscecrctntcncens RYE tectcrceccssaoassrcsoscnns

Soy Beans cavers desea eS

cs eeqoecpecesssnsnse ; Fieeensvtecessreesd

Gece cesses ecacsoennee

ectce0ccsec descent

ees iescveceoccenstocece

ecstecese0teccserocene

Illinois Central:

this time there were 4816 cases of relief here involving an expenditure of $38,176. : : The smallest year-to-year gain so far in 1941 was made by the larger department stores in the Midwest during the week ended June 7, the Federal Reserve Bank of Chicago reported.

"Net High Last Change Alldresso raph 12% Al C B30 ww Et

Am Roll Mill . 14% Am Stl Fdies . 23% Am Stores .... 1% Am Tob pf ....148 Anaconda . 26% Atlas Corp ... 6% Pe Balt & Opf .. 6 Boel Ar 3 ie ' 16 oein IF ives : . 20 20 . 87% 69% Budd Wigel! « 06% 6% Can Pacific . Cent IN Li pi. 119% hamp Paper . hes & Ohio . 36% Chi Yel Cab .. 8% Golgate J — » oo 13% Col & £. 2% Col Broadens 8 15

Colu Com MSoivents . 9% 1th &

+comw So.: ey Edison 28% Cons Cig pr pf. 95 Cons Coppernms 17 Cons Oi ¥ i

Curtis Pub ..... curtiss Wr «.. 8% .

: —

an Diam Match ".. 24% 24

ait it

tone T ... 15% 15% Fiitston Stove. 27 . 27

End Roa pf..

Gar Wood Ind..

ood am it Nor Ore ... 16

rd Herc Pdr ...... 1N% ' N% Homestake' .... 46% 46%

{ fe Int P&P a 2% Kennecott 3%

Leh. V Coal of. 8% "ia

Leh Va % RR oft Lortiiara

+++ + +

receive one share of common fcr each share of preferred. During reorganization, which began April 18, 1933, the gross income increased $4,000,000. Net income in$165,000 in 1933 to $1,022,000 in 1940. Long term capi-|N tal indebtedness was reduced from $34,000,000 to $26,000,000. The Chicago and Great Western|N Railroad also emerged from receivership this year.

U. S. STATEMENT WASHINGTON, June 17 (U. P.)

~Gov=ernment expenses-and receipts for the current fiscal year through June 14, compared

This Year Last Year

3 1495, 3,412,381.929.33 1,974

oy Det 4 989,729,600.80 Net De ,942,325,700

49, \521.61 : lg, 3908. Ta | Pu 2,005.79 333, a1. 1658.82

INDIANAPOLIS CLEARING HOUSE

Clearings casevaitsseeiareseans 5,016,000 Debits ... Sessestsscsetesensnes ...$15, ,000

Customs. © - 372,252

traction INDIANA music Bo. y

| Ee PRICES (1 ’ 43s. | . (|

0 Na 4 a RX 3 ay

| —Ask to See the “Clifford” WATCH at - EASIEST TERMS

THE MODERN. ‘CREDIT 129 » Wash. Is Opposite Us

A Ae 1

Na}

Oliver Farm Eq 19%

40s.79.33| & 380,173.00 | EUb Serv

Indiana rr Tn

PR rt FR FEFF 11++1

COCA pO st

+1:

B 164 16% 10 10 13% 29% 24% 36%.

Biscuit ... t Cyl Gas ..

News & St L pf 36%

19% —P

Pac G&El ..... 23%

. 18% «3% So 10% . 10 «eo 26%

a Lu 3%

3 | 81% 87 . 30% 30

+1: 1 : £5 FES sre ESES ES

13% 9

tHE

ig SS Tex P FEE . A Tide WA O Timken R 8 A

Und Ell Fish .. 3% Union B & P .. 11%

“3p ae a3 co 0D Ji mt a £8 FES

On Mer mPute 10% 8 US Hoffman © 8% U 8 Steel +.

S=Sa FS FFF

’ IVaL 5/7 4 J 47 LL |

fae usual”

We Wish to Buy PED. $700KS

REALTY

rasmesvIse cesses

veces. 14,260,000 283,410,000 1,425,790

u Worthing pr pt. 59%

sulting increase in price.

Week Last Week Before Year Ago $22,240,000 .. $53,457,000 © $83274

Last Week

$11,050 141,222 $324,830 $368,625 0 0 o "0 $34,000 $138,500 63,000 0 $110,000 12,1000 $32,000 - 0 8322 - $7,889 $16,525 1,616 1,657 1,074 552 590 425

$86,579

1,160 1,168 3,160

3,180 1,783 11,998,000 284,620,000 '1,335,113 C4139 | 59,621 | 5,630 - 3,750 48,146 2,095 354,000 270,000

3,787 ~ 2,462

3,638 2,242 14,200,000 285,000,000 1,330,722 +213 67,287 6,137 4,186 55,552 1,412 671,000 542,000 29,000 15,000 6,000 110,000 96,000 70,000 2,000 0 0 15,000 18,000 8,000

+111 61,769 5,157 4,215 50,709 1,688 429,000 213,000

The Seventh Federal Reserve District made a 3 per cent gain over the same week of 1940 although the dollar volume was the highest ' this year. Indianapolis

and Milwaukee department store sales were up 6 and 7 per cent, respectively,” while Chicago’s fell

N. Y. STOCKS

By UNITED PRESS

DOW-JONES STOCK AVERAGES 30 INDUSTRIALS :

Yesterday . . 121.95 Week Ago ..... ceesessassaes 121.89 Month Ago ..... Searsrnens 117.65 Year Ago High, 1941, 133.59; low, 113.30. High, 1940, 152.80; low, 111.84.

20 RAILROADS

0.09 +1.%8 +1.50 +0.41

: Yesterday .

Week Ag0 .....c.0n Month Ago .. Year Ago © High, 1941, 20.75; low, 26.54. High, 1940, 32.67; low, 22.14. 15 UTILITIES

Yesterday «c..cc.cvee Week Ago ......... aeterasan

, | Month Ago ..... CHa he

Year Ago’ High, 1941, 20.65; low, 16.82, High, 1940, 26.45; low, 18.08.

A aml] t “Last ER ge H% — %

High ~ Low" 119% 119% re Ye 5-16

U 8 Steel pf ..

Vadsco Sales “ee 5-16

—We—

5-16

a | Walgreen pr ww 99 £9 99 eens

Ward Bak pf... 18 18 18 -—1 ap 1, 13%. Ei 113% ..

W&L 97% Willys REY Te 1%. 1% Ti Wilson & Co 47 4% 48 eo 89% 50% + % a

Yellow Tr ..... 132 13% . 13%

SUGAR PRODUCING

+ %

marketing quotas by the Department of Agriculture. The Department announced a re-

*|vised sugar consumption estimate , [raising the original 1941 estimate

by 273,672 short tons which was distributed on a pro-rata basis among ' producers supplying the American market. The new consumption estimate takes into consideration recently increased purchases of sugar by American housewives, with the reThe expanded consumption estimate will tend to control the .price, sugar economists said.

igan,” Colorado, Utah and other Middle Western and Far Western sugar states will get an additional

17,206 tons. Biggest individual gainer is Cuba, whose quota was increased by 78,283 tons. The new consumption estimate is 7,125,561, the largest in the

"1 | history of the quota system.

GOVERNMENT OWNER

NEW YORK, June 17 (U. P).—|N One out of every 20 trucks now operating on American highways is owned ‘by Federal, state or local government, according to studies conducted by the American Petrole Industries Committee.. < *At the close of 1940, the committee « said, there ‘were 248,000 publicly owned trucks in use, or

country. Of these, 120,513 were owned by the Federal Government |p and 128,165 by state and local governments.

Thus Far $45,559,000 $1,173,982,000

5,216,480,000

Tloeal Factory “Payrolls Over $1, 250, 000 o Week Now: At Least 12,500 Have Obtained Jobs Here This Year

1941 Thus Far $551,511,000 $1,421,283,000 $2,209,854 $5,493,797 $2,707,575 -$391,000 $808,024 $1,161,000" $225,500 $562,552 24,003 12,568

47,210

- 1940

$2110,579 $3,184,645 $1,923,480 $1,800 $513,642 $403,300 $11,126 $337,705 - 18,703 8,551

tet ERE Fry

87,618.

70,260 40,151 277,237,000

81,187 47,256 319,082,000 5,449,430,000 31,596,688 105,251 1,379,466 104,063 69,373 © 1,053,890 116,140 14,344,000 11,087,000 591,000 2,160,000

30,783,505 96,209 1,391,820 145,433 69,547 1,054,974 121,866 9,519,000 7,046,000 370,000 1,622,000

% Chge.’ 16.0

21.1 4.7 2.5 40.8

-21,622.2 873.

181.9 192.4 66.6 28.3 47.0 46.1 “15.6 172 15.1 45 2.6 94 0.9 3. © 03 0.1 4.7 50.7 57.4 59.7 33.2

|for hogs here since July 27, 1938.

- | were unchanged with an $11 top.

| apolis Bond & Share Corp. do not repre-

AREAS INCREASED =:

i|. WASHINGTON, June 17 (U. BP). ‘1, |—Sugar producing areas have been a granted an unexpected boost in

Mainland beet producers of Mich- Som

63471 tons of sugar quota, while Koko: Louisiana and Florida will have]; their cane sugar quota increased |Mu

OF 248,000 TRUCKS|!

one for every 13 families in the PY:

281,000 434

200,000

159,000 347,000

+l ttt LPL +++

» 8t. Louis (Nickel Plate); Indianapolis

2 per cent and Detroit's rose 14 per cent.

For the four weeks ending June 7 the district made an average gain of 13 per cent. Indianapolis stores showed a 16 per cent increase, Milwaukee 18 per cent, Detroit 21 per cent and Chicago -7 per ‘cent.

U.S. ‘MISLEADING, GROGERS CHARGE

CHICAGO, June 17. (U. P.).—The National Association of Retail Grocers accused the U. S. Department of Justice today of “misleading” the public in statements on the Fed-|C

eral investigation of the food -indutsry. At association made the charge within 24 hours after a Federal Grand Jury at Chicago indicted 69 individuals and companies for allegedly conspiring to fix prices and acreages in the pea canning industry.

“It- is apparently recognized by all except the Assistant Attorney

Trust Division (Thurman Arnold) that the growing spread between what the farmer gets and what the farmer pays is primarily attributable to increased labor costs and ages? the association's resolution sa.

LOCAL ISSUES

The following quotations by the Indian.

sent actual price of offerings, but merely indicate the approximate market level based on buying and selling quotations of recent transactions.

Stocks Agents Finance Co Inc., com -

co me T&T Ft Waghe 7% vid. 50 Ind Asso ol Co $5 Fe «108% Ind -& Mich Elec 7 Indpls Pr iy 6 Ind Hydro E PL ieveness 38 *Indpls P&L rach Pd seesnes 102 ndpls P&L com Indpls Water 5% Lincoln Nat Life In Ind Pub

Nay, Laundry Serv Co of Ind Pr pid. . 54 Pub Serv Co or Ind 7% pli. 131% So Ind G&L 4.8% Terre Haute Elec 5% ‘pid.. Union Title Co com Van Camp. Milk pfd : Van Camp Milk com ........

’ Bonds }

Algers, -Wins'w, W RE 4% 5%.100 American joan be

Com. Bl Citizens Ind Te! go nsol Fin §s

10 06 10 1 3 100 +300

Rial fd Wk 8s 9. .104 i ater S Trac Term C deers 20 “Ex-divide nd.

LOCAL PRODUCE

Heavy breed colored hens, colored hens, 14c; Leghorn hn “2c: No. ghorn héns, dc; springers, Barred and White Rock. nd_o Xe: No. 2 SDTIngers. a apd, , White Rock, 14c: ie ghorn EG and over, 15c; an EB 2 lbs. and over, 126: cocks”

a 38¢; Ni sel: toro, 1. No 1030s 0a, 24% me, kup prices quoted by the Wadi ey Co.).

FOOD PRICES

CHICAGO, June 17 o. A Apples— Illinois Jonathan. son; So@sl Apples —Texas, lugs, @4d. “Spinach Hiinois 35@60c. cau iifover Washington, crates. $1.75. Carro s—Callfornia, crates, adh 8. eto J cal Homnla, Srates, [email protected]. nessee,

Sweet Joi $1.25. Onions ( B. ‘gen —Calitornis Toke

Bs 3005. 01%h: a Texas White Waxed,

129

Indianapolis Bond und Share Corporation FREY. NER]

on Everything!

STREEY

Diamonds, Watches,

135 |G 30 Sources of above figures: Indianapolis Clearing House Associaiion; Indianapolis Postoffice; City Building Commissioner; Indianapolis office of State Employment Security Division; Pennsylvania Railroad; New York Central; Baltimore & Ohio; Chicago, Indianapolis and Louisville (Monon); New York, Chicago & Power & Light Co.; Indianapolis Water Co.; Indianapolis Railways; Indiana. Bell Telephone Co.; Agricultural Marketing Serv- - ice; Indianapolis Board of Trade; Center Township Trustee Federal Reserve Bank of Chicago,

a goad its annual convention, the

General in charge of the Anti- cull

HOG PRICES AT ‘RECORD HIGHS

$10.15 Top Here Today Is Highest Paid Since + July 27, 1938. HOG PRICE FANGE

Receipts _ 11,589 10,503 7.308 8,012 200 8.326 8,510

June 10 sisansscccencnernas a June 11 estcateccescstactes 9.70 June 18 o secscsesccsscacy 9.85 {June 18 acisecccccenceseces 9.85 °° June- 14 $5 areaseseiievasdss 9.85 June 16 ocean sccctncennns . 9.90 June 4 Sedgestdadeesadiiaa ‘1018

Hog prices at Indianapolis stockyards rose to new highs today when a 10 to 25-cent advance over yesterday’s prices boosted the top here to $10.15, the ‘Agricultural Marketing’ Service reported. = That is the highest price paid

"Hogs weighing 230 pounds today sold at the full 25-cent advance and the top was paid for good and choice 200 to 210-pounders. Vealers

The marketing service reported 1420 salable cattle were received, 792 calves, 8510 hogs and 624 sheep.

HOGS. 120- 140 cerseetenend.$ 8.75

Saat tcqsnnane 9.25

9.25 9.

60- "400 pounds 400- 450 pounds 450- 500 pounds .. . Medium 250- 500 POUNAS ce acaineiyin Slaughter Pigs Medium and Good— 90- 120 pounds .....

CATTLE Slaughter Cattle & Vealers (Receipts, 1420)

attccenoccece

8.10@ 3.60

pounds...

2 3333 —abobana S Own SAR

ft fd ph pd rh fb es BIW CS

2338 Sax 9999 9999

50-1100 pounds ...ccseceeqse 10.00@11. 90-1300 } pounds . arrita vane SNS@I0VTS

1 Com 150-1100 | pounds « [email protected]

Steers, Heifers Choic 500~ “50 pounds

ood— 500- 750 pounds : Heifers Choice— 750- 900 pounds «........ce0e [email protected] 750- 900 pounds A......cceees [email protected] Medium Cy 900 pounds ...cecicecnes [email protected] Sato 8.25@ 9.75

on— 500- 900 pounds 1158 3 9.00

5.715@ 6.75

[email protected] ieee [email protected]

(Yearlings excluded) Beef—

Good ©0000cc00c00entcctee

Sausage— | . Goo

8.50@ 9.00

8.50@ 9.00 8.50 8.00

11.00 10.00 7.8

Medium ... avn 800 Cutter and samy ceeesees. 4.80 Good and choice . 10.50 7.50 Feeder and Stocker. Cattle (Receipts, 792) Steers : Choice— 500- 800 p 800-1050 pounds ..

500- "800 pounds 800-1050 0 pounds

fedium 60-000 ) pounds

Calves (heiters) Good and choice— ns pounds down...cc 00. 10.25@ 12.00

500 ands down . [email protected] SHEEP; LAMB (Receipts, 624)

N Lambs (spring)

Good and choice . Medium an and good .

UNAS <eviareenees.$10.25 10.25

11.26 11.2%

LAE ERE A ENE EER) 9.50 10.25 LEE EAE EE AEN) 9.50 10.25

« 8.75@ 9.50 7.759@ 8.75

Ssccccncnne

[email protected] [email protected]

11.50 10.25 9.28

11.00 9.50 8.00

sees c canna,

3.75

ood and choice 3.2%

G 3 Common and medium ....... « 3.2%

24 CHICAGO LIVESTOCK

rong: closed ino 13,000; open steady to stron ore petive than ao arly; spots 85 to 20 cents high p $10 bulk 180 m ios, i 75 10, oy little Es $9.85; 60-1b. butch .50

ers 838 el Anished 250-170-lb. uhasrweizhts, §o.351 iss 75. Dente w ights, to $9.35, er: ? s to ca th 7500; 8, 700; best steers and HE a *Vith yesterday's uneven decline: market only modactive, in fact

small; good oi rd; fed heifers go ve, fully s weighty sausage "bulls selling activel { @9; vealers, $11. down: ow 1.80. Stee eceipts, 060 ion game 30% 8b. mativer™ $880@IT Es: hrowours Jeares at 310 down: other classes steady: SE it od hom a B40, pith ve ewes, w heavy kind downward from $3 350.

OTHER LIVESTOCK

FT. WAYNE, June 17 (U. P.), 20 cents hi her; 200-220 7% $10; -200 s. 230.240, Ibs..

7¢; No. 2]|400 lbs 8S.

.50; stags, $7.

ough $10. 50; Sambs, $10. 8; yearlings, ‘$9.

to their

who insists on

“Musical Instruments, Cameras, - ata, Shotguns, Ete. JEWELRY Oy Ine.

Walter D.” Fuller . . . “run the Communists out.”

CALLS FOR FIRM STRIKE POLICY

: gn. ‘A. M. Head Demands That U. S. Run Out Reds,

"..|—Walter D. Fuller, president of the

| to arrive,

i ad oud 1b. stee! 0.50; rs, $ $8.50; part load x at “hy iS, @ | part load good 580- S, fs $1 Sieady: cutter and com

NITY ROACHES?

(ret Rid of Them Use Shur-Deth

ARNOTT EXTERMINATING CO.

—We Deliver—

throwouts |

~— HO, 18. }

Kill Plant Seizure Bill.

PITTSBURGH, June 17 (U. PJ.

National Association of Manufacturers, demanded last night that the Roosevelt Administration “adopt

a firm strike policy,” drive Communists “out of the United States” and kill legislation authorizing seizure of defense plants. Addressing an Association meeting, Mr. Fuller called on President Roosevelt “to declare promptly and clearly that controls over the people’s freedom assumed by the Government during this _ emergency are, in truth, emergency controls” and to make clear that “we do not have to sacrifice democratic institutions to save democracy.” Discussing ‘strikes, seizures and| subversion,” the three S’s which he said “menace our nation right now as much as the fourth ‘S, the swastika,” Mr. Fuller said the Administration was to blame for conditions which resulted in use of the Army to break the North American Aviation Co. strike at Inglewood, Cal. “Inglewood,” he said, “was the extreme result of the acts of a labor government that has outdone itself —so much so that the United States Army had to be called in to correct dramatically the evil of a vacillating, ‘toco-much-rope’ attitude toward labor.”

ay ons flour mills and elevators paid 92c per bushel for red wheat (other grades o ng: Jad ra]

Non. 7dc; No. 2 white oats, 33c.

FACTORY JOBS AT NEW REGORI

| | Chamber of Commerce Here

Reports Further Gains By Business. Factory employment and payrolls

b [in Indianapolis set new highs in

May, with heavy goods industries

‘| leading, the Indianapolis Chamber

of Commerce monthly business re= view said today. : Employment / in Indianapolis manufacturing establishments was up 4.3 per cent over April, and 369 per cent over May a year ago, and payrolls rose 9.6 and 69.6 per cang for the respective periods. ’ On the other hand, Center i ship relief rolls declined m i one third from April, and more than one half from May, 1840. Job insure ance benefit payments declined 61.8 per cent from the corresponding month of last year, the review said, ‘Building permits gained 14.4 per cent over April, and 46.3 per cent

lover May a year ago. Bank clear

ings were almost a quarter more than last year, and almost 30 per cent over last year. Inbound care loadings increased 58.5 per cent over April and 66.4 per cent over last May, and outbound carloadings showed increases of 50.6 and 74T per cent. A gain of almost a third in aie passengers, and a gain of 445 per cent in new car sales, increases in utilities services used, streetcar pase sengers and livestock receipts were reported. :

BUSINESS FAILURES

BELOW 1940 WEEK

NEW YORK, June 17 (U. P.).—

Industrial and commercial failures during the week ended June 12 ine creased from the level of the pree vious week, but held below the total in the ‘Dun & Bradstreet, Inc, reported today.

corresponding 1940 week,

Failures for the latest week nume

bered 230 compared with 218 in the previous week and 245 a year ago, Failures with liabiltiles of $5000 or more totalled 88 against 81 in the previous week and 127 in the come parable week of 1940.

DAILY PRICE INDEX

. NEW YORK, June 17 (U. P) —

Dun & Bradstreet’s daily weighted price index of 30 basic commodities compiled for United Press (1930-32 average equals 100): Yesterday Week ago eeeseessscscsccsens 137.13 Month ago escescscccncccccnne 135.56 Year ago Leseeteccecsnetecace 11592 1941 High (June 13) ....... 13737 1941 Low (Feb. 17) ..iceane

Cesc cccsetacennne 136.98

.e 123.03 :

WAGON WHEAT o the close of the Chicago Jae

Ha 3

n their merits), 0c per bushel shelled new

yellow corn: No. 2 white shelled

Asserting that “the United States Army is not a good substitute for a sound national labor policy” and that the “correct solution is to avoid strikes, not Government strikebusting,” Mr. Fuller proposed three methods for dealing with labor difficulties “without the United States Army and without seizing industry.” They were: “l. Revamp our national labor policy and the National Labor Relations Act to end mass picketing and other forms of intimidation so that it will guarantee both management and labor the right to work. “2. Back up that policy with local and state law enforcement to protect the rights of all citizens. “3. Assure employees the right to

or not they wish to strike.”

OTHER LIVESTOCK

« CINCINNATI, . J 7 (U.: P.).—Hogs— Receipts, 3200; 'm active; : packin sows, steady; .medi nd 140 1bs., $9.25@89. packing

fully stead

50; good cows occasionally, weight canners peually, Jihih Ry [email protected]; sausage bulls, [email protected]; « vealers Shout stea good Tn Shales, 310a1030 selected strictly £lioice 150-180-1b. dividuals occasionally $11. Sheep—Receipts; spring: lambs mostly 25c hi good and choice offerIngs, $11.50@1 TR stricnly choice spring$12.50; comm and medium steady,

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