Indianapolis Times, Indianapolis, Marion County, 27 June 1941 — Page 29

%.. Studebaker

FULL EXTENT OF HENDERSON ~ POWER VAGUE

Autos Break Loose From ‘Moral Control’; Congress’ Aid May Be Needed.

By JOHN W. LOVE . + _Times Special Writer WASHINGTON, June 27.—Now that automobile prices have broken loose. from Leon Henderson's “moral” control—for what remains of the 1941 model year—the possibility is seen here that prices of

yy many other things consumers buy will rush up to.a new level

The performance in prices might be the same as that which occurred in wages in the defense industries .in the last couple of months, and in certain farm products a little earlier. ' If this should occur, the pressure. on Congress Mz. love to pass pricecontrol legislation is expected to increase. Once equipped with toothful laws, Mr. Henderson's Office of Price Administration and Civilian Supply would start all over, but on firmer ground than before. ar ~ Thus the consumer is given danother chance to speculate: He can bet prices will rise, and rush out and buy, or he can stay away from the market in the belief that prices don’t want to rise or that legislation wiil come in time. Auto Prices ‘Got Away’

Though ‘prices of 1941 automobiles | got away from Mr. Henderson and

<= are fixed by the individual producer,

“the Price Administrator is still holding his ground on other prices. The effort to keep motor car prices from rising was the first Mr. Henderson had made in the field of goods the consumer buys, unless cotton yarn is included. All the other price ceilings had been set in the commodities which manufacturers buy, ‘such as pig iron. Prices of tires came under the Henderson quick-freeze process yesterday. Prices of cotton textiles at the mill, an enormously complex - structure, are expected to be set any moment now. The next couple of weeks may tell whether Mr. Henderson's present powers -over prices are in general sufficient, inadequate though they were to keep Chrysler from upping its quotations. He has about a month in which to erect his ceiling over prices of new automobiles in the 1942 models, but unless .Con-

HINT ENGINE. PLANT FOR SOUTH BEND

Times Special

WASHINGTON, June 27—Another major aircraft motor plant "will get un way soon at South Ben

d. : ‘For the War Department has “made public a “letter of intent” from the Army Air Corps to the Corporation which reads: “Pending negotiation contract, the War agrees to reimburse Studebaker Corporation to the extent of $65,000,000 for the purchase of jigs, dies, tools and fixtures, and ‘such materials and equipment as are necessary for the production of the enines.” : Although the Department refused to say what type motor will be made at the South Bend plant, it is understood here that they will be : Wright air-cooled motors. e International Harvester Co., Ft. Wayne, received a $3,463,640 order for trucks from the Quartermaster Corps and P. R. Mallory & Co., Inc, Indianapolis, a $12,740 order for vibrators from the Signal] Corps.

9 FROM SHORTRIDGE GIVEN SCHOLARSHIPS

_ Two Shortridge High School graduates have been awarded . scholarships to colleges. © Miss ‘Margaret Signer, daughter _of Mr. and Mrs. Russell V. Sig“ler, 6033 Park Ave. was awarded a scholarship to Butler University. Miss Mary Caroline Worsham,

“daughter of Mr. and Mrs. A. Hodge Worsham, 4325 Guilford Ave. received a scholarship to the Col-

of a formal Department

lege of Liberal Arts, Northwestern|

University. Miss Worsham was one of two pupils in her class to make & straight A-plus record.

GOVERNMENT JOBS * OPEN IN MIDWEST

Applications are being received by the U. 8S. Civil Service Commission here for examinations to fill government jobs as clerks, powder. inspectors, production supervisors and shop superintendents. The clerks jobs will pay $1620 a year for places in Ohio, Indiana and . Kentucky. Assistant production _ manager jobs will be open at $2600 | year and powder inspection jobs will be open at $1620 to $2600 a ~ year. . The repair shop superintendent jobs will pay $2600.

ATE V. F. W. OPENS ANNUAL CONVENTION

HIGAN CITY, Ind. June 27 )~The 20th annual state

The Indianapolis Times

FRIDAY, JUNE 27, 1941

gress passes another law, he will be Solves made pe decision to Baise ; : eir prices. e prices were raise Bo Stronger Hn aw: t th by Chrysler, Ford, Studebaker, Hudpicion that the). 214 Nash. Packard was perautomotive “crackdown” and its|mitted to follow. Thus the Henderfailure were somehow timed for the [son brake is taken off the prices of introduction of the Ilegislation,|most models on the market.) though the motor companies them-| Mr. Henderson is definitely ar-

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ranging to design a set of prices for the 1942 models but is less certain as to the prices of used cars. Admittedly, the trade-in values of cars already in the hands of the consumer are a large element in the prices of new cars, imasmuch as

eight or nine out of every 10 pur-

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Fourth Section

Entered as Second-Class Matter at Postoffice, Indianapolis, Ind.

PAGE 29

chases include a trade, but to police {when it collapsed in 1934. The| Furthermore, if the demand for|this, might find himself regulating these prices of uséd cars would be|OPACS is reluctant to consider suchinew and used cars was such thatthe price of every car in the country an enormous job. a venture for the present. It now|the whole market wanted to rise,|—and there are some 30,000,000. To extend the same method tolhas only about 250 employees. something might have to be done| The size of the excise tax the new ' controlling used models of refrig-| If a ceiling were placed on the|to keep the private owner from ad-|revenue act will place on automoe erators and other “consumers’ dur-jprice of the 1942 car, a floor would|vertising his old car for sale and hiles is expected to have an impore . ables” might require an organiza-|/have to be put under the price of|collecting the premium himself. tant bearing on the Henderson tion bigger than the old NRA was|the used job traded in. Mr. Henderson, in trying to do allipolicies of price regulation.

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