Indianapolis Times, Indianapolis, Marion County, 10 August 1942 — Page 6
11 Million Now Belong tol
\
Unions in This Country|’
were forced to give greater attention to the relationship between ‘wages rates in different plants; and, Xcept in such cases as the building trades and cleaning and dyeing, here the market ve Increasingly sought industrye agreements or industry-wide ormity of agreements,
is local, they
DS AND ENDS: es in New York, New Jersey and Pennsylvania are being worked . . There are 2,000,000 homes in the eastern gasoline-rationing area that use kerosene or gasoline lights, American Petroleum institute . . Not mych talk lately about es. . . . A 1000-plane rmany means an invest- . ment of 200 million dollars in planes, © fuel, cost of /training flyers, ground crew, one analyst has figured out. " _.. Chemical companies say farmers will have a hard time getting nitrogen fertilizers next spring because of the war (smokeless powder,
hr
Wa SG
BAILROADMEN'S
-— By ROGER BUDROW oad ‘MORE THAN ONE-FOURTH OF THE WORKERS in ~ this country now belong to a trade union. Membership is "= at an all-time high of around 11 million. Some day unions will bargain for a whole industry instead of just one plant at a time, . This information comes from 4 comprehensive survey made by the 20th Century Fund, directed by William H. . Davis, ‘who is now chairman of the portant war labor board. "The report. tells how trade union ; membership, ‘during the Roosevelt administration, has gone from about CHARLESTOWN three million to the. present 11 1 : million. : Only a few f ¥ unions have lost x : membership since| : 1933. They are : _— 1 fts 4 . v the older cre: Du Pont Powder Firm Wins rvers, metal en- : oravers, sieeping| Army-Navy Award for car conductors, nN {ae rel Jottor care High Production. Tiers: Plastgrers Times Special ° Boyer 1 Budrow 20C He SWOTSCU| CHARLESTOWN, Ind, Aug. 10— - coal mining, clothing, baking and The huge du Pont powder plant other industries have grown by here, which in the summer of 1940 : leaps and bounds was farm land, today was presented However, about three out of every|the army-navy “EB” for ‘high four workers do not belong to|achievement in the production of unions yet. Little headway has|Var equipment.” been made in organizing retail and| In Presenting the award st col-| J wholesale trade = employees, the|Orful ceremonies, Brig. Gen. R. E. financial and services trades, the|Hardy, ordnance department amgovernment employees or agricul-| munition chief, said: tural workers. - “This award is not lightly given, The fund noted that regional or|Ror should it be lightly received. national union contracts are being|It carries a great patriotic chalsiened in such industries as stoves,|lenge and entails a pledge of servhosiery, coal, shipping, paper and [ice from us all. The standards which pulp, clothing, glass containers and earned this award must be continued and even bettered. We can do | “Such agreements usually result{no less... .and fly this award penn the standardization of labor con- [nant with ‘honor. p | : tions over wider areas. In the How Choice Is Made ' ace of large wage differences, the] . standards in any one firm or plant Gen. Hardy explained that in may be subject to severe pressure choosing factories for the award, 5 the union’s position jeopar-|among points consitiered are: Over- , During the last decade such coming of production obstacles, e was intensified; unions avoidanoe of stoppages, maintenance of fair labor standérds, training of additional lahor forces, effective management, record on accidents, health, sanitation and plant protection and utilization of sub-con-tracting facilities. In responding tothe presentation, Walter S. Carpenter Jr. president of E. I. du Pont de Nemours & Co., said: “To appreciate this accomplishment we need but recall that less than two years ago this area was farm land, utilized for the pursuits of a peace-loving nation. “Today stands here a plant now making more military propellants than any other plant in this pation, b Initial Skirmish Won “But we will be the first to recognize too, I think, that we have passed through -but the initial skirmish; We are now engaged in
"ing our very existence. We can emerge victorious from that struggle only if we carry on day by day, and, if necessary, year by year, as you have been doing up to this time.” Among other dignitaries attending were Governor Schricker, Senator Frederick VanNuys, Senator Raymond E. Willis, Senator A. B. Chandler of Kentucky, Rep. Earl Wilson, and Col. Robinson Hitchock, Indiana selective service director.
DAILY PRICE INDEX
NEW YORK, Aug. 10 (U. P).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for United Press (1930-32 average equals 100): ’ Friday ....... ties vessases rane Week AZO .cccevesccccocneess 157.56 Month AZ0 ..ceevierenscrsess 157.23 Year AO .......nn cecesceess 142.06 1942 High (May 9) . qooveseens 158.34 1942 Low (Jan. 2) ....c...... 151.54
LOCAL PRODUCE
Heavy breed hens, full-feathered. 18c; horn hens. 15¢ roilers, 3 Ibs and over; colored, 18c; white 3K barred rock. 19¢; cocks, 1le. Springers, 3 Ibs. and over: colored, ie; hite rock. 33c.
157.39
rrent receipts 54 "ioe and up,
3%e. | * Graded Eggs—Grade A, large, 36c; grade A, cajun, 34c; grade ‘A small, 26c¢; no
grade, 26¢c. Butter—No. 1, d3@asiici No. 3, 41@ 41%c; butterfat, No. 1, 39¢c; No. 2, 36¢.
a life and death struggle threaten-|
(Prices o roduce Ye, ‘at’ Indian. spolis. quet by Wadley Co.)
FUNNY BUSINESS
7
CE. IN
Publicker Corp. ‘Uses Grain Alcohol; ‘Expand. Plant.
By WALTER LECKRONE i Times Special Writer © PHILADELPHIA, Aug..10.—Rubber is being made here out. of corn,
‘| which yields about five Pounds. to] E
the bushel.
It can be made. out of. wheat, of g
potatoes, or sawdust, or m
The process looks simplé. Alcohol,| distilled by ordinary methods from|
grain, is heated until it turns to vapor. The vapor is forced through copper tubes containing catalytic agents derived from salt. It comes out Butadiene. . The Butadiene is mixed with
Styrene, and another catalyst, and :
it turns into rubber.
By the same. process, “aleohiol |
chemists will tell you, -a ton of rubber can be made out of 400 bushels of grain—or a million tons. out of 400 million bushels. ‘And the gov-
ernment owns. 400 million bushels]
of grain and needs a million tons of rubber. ’
But .the output here .is only 100 A | pounds a day—about enough for six
tires. The Publicker Corp; largest manufacturer of commercial
alcohol, which makes the rubber, has|
so far only a.demonstration laboratory. It has under way, and now with ‘A-1-a priority ratings, a pilot plant big enough to turn out 2000 pounds a day. This may be finished in the fall. Case for Alcohol
It is this process, and some others which differ from it only in detail but. not in basic raw materials, which congress thinks can break the rubber bottleneck. The case for alcohol is not a bad tase: There are more than 600 million bushels of surplus grain on hand in this country, carried over from former years. Of this the government itself owns 400 million bushels. Plants to convert this grain info rubber could be in production in eight or nine months, or roughly half the time needed for plants using petroleum as a base. Considerably less critical material is required to build alccholrubbér plants (not including the original distilleries) than petro-leum-rubber plants. Some contend that only one-tenth as much scarce material is required. Unlimited use of alcohol for rubber could provide fully for U. _8. civilian as well as war needs, if added to the existing rubber pro-
gram, Case Against
The case against alcohol rubber is chiefly this: Other methods, using ‘petroleum, got started first and are. under way. WPB officials believe a chars now would only cause delay. WPB officials do not believe any more critical materials than those already allocated. should be devoted to rubber, regardless of civilian wants. : Rubber made from alcohol will cost more than rubber made from petroleum. No dispute exists as to the relative merits of the finished product.} There is no difference in quality between alcohol-rubber and petro-leum-rubber. The cost per pound of the fins ished rubber is not at present an important factor. In a period of peacetime / competition petroleumrubber, which may finally cost no more than 20 cents a pound, would
drive alcohol-rubber, which is ex-|*®
pected to cost 25 to 28 cents at current grain prices, off the market. And natural rubber; which in recent years has been sold for 3% cents a pound, and normally has been 14 or 15 cents, could drive out petroleum synthetic.
$1.75 More a Tire
A difference of even 10 cents a pound would make a tire cost only $1.75 more—a difference almost any motorist today would gladly pay for a new tire. But the cost in critical materials} needed for other war production is pore important. On this point there seems to be no disagreement that alcohol-rubber plants can be|°™ built with less “critical materials than petroleum-rubber plants—although opinions differ as to how much less.
Wa AH 7 HY 97 7 i 7 77 717% Zz Ze. “Zz i727,
2
ET: M REG. U.S PAT. OFF.
In-PRODUCTION J
: Friese :
‘world’s|
Under lights, workers rush construction of new powekhouse, left. at Washington's power ‘to turn the whe cis of war indust:
iy Grand Coulee’ dam, where giant renerators make the’ ne
n the Northwest,
© Vealors Sal Up to r. $1550 Here. 1
Foie top was. $15.15 for 80d to choice 200 to 220- | Jabo' / 160 pounds advanced: 10 cents ) {FE ane ann er a 1 sm. ~Vealots wete steady wii 8 $15.0 top. 12000
HH TO REGENE F
Army-Navy Award Won by “Local Water Heater Company.
' The army-naxy “E” for excel-|A lence award for outstanding produc-
N.Y. STOC
37 UNITED PRESS = *
tion of The Times.
-
Connoleta New Yu & stock quotations are carried daily in the final edi-
High Low
Allis’ Chal .... 23 22% ; Am Can pf ..16412 163% 1684
& dV vy Roll Mill.. 9% 9% Am T&T ..... 117 1162 117
—The securities and exchange com-|Packard .-....
| month totaled $5,162,263,657, almost Net Def... 4 Cash Bal. 3,887,430,014.05 3.57301: 028.08 Ye five times more than the spending|C® Bal, AB Mn ne culls, $10 tic
1 982,602 a day with a total of $4; | tal the war department itself spent}
tion of war materials will be pre- Am Tob B __.. 5% 43% 43 f i m ater .e 3 sented to the Stickles Steam 'Spe- Anaconda... 2% 25% a + ¥%|gaturday ... : 901= rmour vere oe : cialties Co., 2215 Valley st. COM-=|'Atchison® ..... 41° 4014 40% — {Week Ago .
3% Atl Refining .. 3% 13% 16 + Ys {Month Ago . 8
(S JTOCK AVERAGES
DUSTRIALS “oe oo 104.90 —03
eecsssess 106.08 +018)
ear 108.22 —0.48 fava ss ees 126.01 0.39 3; Low, 92.92. I; Low, 106.84. AILROADS ; feu eaverion 25.48 —0.10 Jesaccasnss 26.18 +026] Lesssseenes 25.64 —0.06 $eiawrs dae 29.98 —0.12 is Tow, 23.31. i; Low, ‘24.25, ITILITIES bate snsesse 11.38 0.02 feagreniese 11.48 40.05 lesesassces 12.00 ~—0.00
pany officials were notified today. | Bait & ohio x Si os Bendix Avn ... 31% 31% 31% BO eisiy pesdaveenes " s Formal presentation of the award | pei ol =-* 5570 538 5g3. .... | High 1942 1 ; Low, 10.58, is expected to be made at cere-|Borden ~-...... 20% 20% 20% .... High, 1941, 2 : Low, 13.51. : ! k Borg-Warner . 24% 24% 24% — % { : TReiies Rep WSS BoEpt Bist, Dif wilt alt = | es “eo 8 4 8 Makes Water Heaters Chrysler ...... 61Ys 1% 61% : : Wow: Last ois . Som a > Bo 9% 1 4% Pan Am Airve % : 19% 17% / oe i mpan man - | Cons son ... - a v wesw The Stickle co vy ufac Cons Oil ...... 5% 5% 5 .... -|Paramt Pic:. 15% 16% — ¥ tures: water heaters and purifiers|corn Prod '.... 48% 48 48% + % Penney... Bu Sh 89% + Y% - oe 3 * awe x 4 .s for large boilers and has been mak-|Curtiss-Wr .... €%: ¢% 0%. philips Pet 3 3B — Y% ing them exclusively for the army |mast Kodak ...130 130 130 + 1 |Erocter J%. S% Nuk and ary. to-L ... 26% 26% 326% + 3|paumen 2 A 4% + navy since last Janu Gen Bonito ™., 28%: 26% 26% + %|Badio .. 84. 3% 3h — Un A similar award was to be pre-|Gen Foods Lo: 33th 31% 3% — 1% Bears Roeb ¢ 3% Sh 3 4 T os > sen s ny sented * to the - Whittington Pump| Ger looters -- 35.28 “gof © “gs. “'y, [Socony-Vacy © 8 8 and Engineering Co., 225 8. Me-|Goodyear ..... 17% 16% -16% -— % South Pac 3% 13% 13% hi Hecker Prod .. 4% = 4% 4% .... .|Std Oil Ind 4% 24% 24% ridian st., ‘this “afternoon. Hudson Motor.. 3% 3% 3% + %|StdOiNJ 36% 36% — Int Harvester... 47 467 47 s.ee | Stew-War .. 8% 6% 6% — . 1% : Int Nickel .... 26% 25% - @6% .... [Studebaker . 4Y, 4Y, 4% ‘RAN Int T&T sn... 2% 2% 2% + W|Swift & Co .. 1% 21% 21% Ya | Kennecott ..... 28% 28% 28% + Ya|Texas Co .... 49, 84% 34% -- Kroger G'& B.. 256% 25% ~ 26% — "J |Timken R F . Ys 1 36 36% .... L-O-F Glass; .. 244 24 - 24% + %|DUnited Airc 3 25%: 26 “i... Mont Ward .... 20% 28% 28% — 3% |Un Gas Ing 3% 3% 3% + % Nash-Kelv .... 5% 5% ~ 5% + Y|U 8S Rubber 3% 11% 11% — % Nat Dairy ... 15% 15% 175% — ¥%|U 8 Steel 8% 46% 46% + Ya N ¥ Central .. , 8% 8% 8% + Ya u s Steel 2% 100% 100% + 3% ro veieie rae arner re: PHILADELPHIA, Aug. 10 (U. P.).| 900 Oh ‘Giass 48% ‘48% 48% 3% Woolworth TE Mr 2 kard 2% 2% 2% +* Y% Young Shee 19% 20% 29%
mission approved a proposal yesterday for dissolution of Traction. Light and Power Co., subsidigry of Midland United Co. unit of National Association of §ccurities Hugh M. Morris, Midland trustee,| 2° gi 0s was granted permission to acquire |sBelt R.
LOCAL ISSUES
R Stk Yds COM.coesoes 52 vey . 55
Belt BE Stk Yds Com «eee dee rofit $6. HX all the assets of Traction, including|pelt ®5 Phe *O5 Saciers BB: | see P > \ 17,906.16 shares of common no ‘par Bobbs- Merrill has prd Louie. 40 i £0. id Cirel PF COM srs oe vens Am 3) value stock of Public Service Co. a Comwlth Loan 5% pf ....... 01. 95 | lioq Mo: Indiana, a Midland subsidiary, in|Hook Drug Co com. ......,... 137. 14% en ; considegation of surrender to Trac- |Home ert os Wayne 1% ‘pid 5 or $101 a «0 tion of all its outstanding capital [ind & Mich 1% pfd :.l....l 108 °.. |or 58 cent; stock. 500 shares of common stock|Ind Hydro Elec 7% pfd...... 31 35 Anchor ’ ! Ind .Gen Serv 6% pfd ..... «e108 El ia $100 par value and $288550 in|indpls P&L 5%% pid ....... 92 sidiaries Indpls P&L COM ......o00cuaee 11Y 12% | net profit
promissory notes. 1 Bi A large portion of Traction com-|Indpls Water Class A com .. 15 6% ago.
mon stock and its indebtedness is| Lincoln Loan Co Sw% ord .. 38 2 | Atlas Tz pledged as collateral with Com-|N Ind Pub Serv 54% pid...» 79Y. - 83% | ended Juiz
monwealth = Subsidiary Corp, N Ind Pub Serv 7% pfd.....
Peoples Gas, Light & Coke Co, and |Progress Laundry com ...... 12 14 |cents yea: Public Service Co. of Northern Iili-|5ub Serv of a sy ptt... 8 #1 | gerriok Inois. Assets of Traction receivable go Ind S&L 48% pid ..cous ge = 31 net prc by Midland are to: be pledged in| ynitea Tel Co 8% ptd ii... 82 »... |a share i the same manner as those of Trac- yan Camp Mile pt w seseve % 'i§ the 1941 tion prior to consumation of ‘the p Ll against $: proposal. Algers Wins'w W RE Can . . 99 ud Dome I Bidens a; lL 1,912.61 shares American Loan 5 5 4 a or 100 output $502 of ey y common stock | Cent Newspaper we or == 1 and $660, : Co on 4 to Indiana Industrial Land Co. a Citisens m Side Gah lags 108 output. $c
direct subsidiary : of Midland, for Son es. os a 100 ago.
4s = I Sais will give India na In- Home T&T vt Wane sigs os 108 — ustri ownership of Shirley’s |Home T&T eb ¥1: capitalization, and dissolution of the naps RR -, 5D - [108 ide OTH! realty company will follow. | indpis Water Co 3%s 68 .....108%. 108% Receipts, ‘} Kokomo Water Works 5s 58 ..104%: steady; 18
Kuhner Packing Co 4%s 49 .. 97 100
} ’ . Morris 5&10 Stores 6s 50 .... 99 102 |top, $15.1 1 Os Naa sub Serv 304s 8 ov. lon. 100 $0218 tor ¥ 1 And : rv S seannedl Ht 300 1bs.
: N Ind Tel 4 Sein DURING PAST MONTHS EE = wt [251 11 Richmond Water i 0 8 cof Cattie—g 3 2 Toa Dea” evs in 9 48 40: senive. WASHINGTON, Aug. 10 (U. P).—| ° i strength or « The federal government spent $166,- : a1 | Four-H 3 U.S. STATEMENT |azoud io.
524,634 for each day in July, the
first month of the fiscal year, the ar
+ i | tion’s history. | Expenses... 48.338353 dr do $2,000: 091.98 AS Expenditures for all purposes last War spend. 5,541,044,015.07 ,280,1:2.907.12 1 811: vedler: Receipts. . 899,885,564 beral sort,
Work. 3,074,
total in July, 1941. ‘War costs alone averaged $144. Gold Res.. 22,740,318,493. 493.94 22,682, 1¢ 9,400. 11 era i
INDIANAPOLIS CLEARING El) is% 460536 for the month, OF this 10-|cinstgs +r oovsovsoor Bh Debits :
$2,865,080,146 while the navy de-|[r—————— partment accounted for $1,103,080,- ii ] Ty on ci ge hn
869. The maritime commission spent $184,114970 and ‘the war shipping administration $54,263,781. July saw the public debt climb to a new all-time high of $81,717,627,S00 from $76.990,10446 st. the end of ‘June. A Jyeas ago thie debt 'was $56,451,904,233. - ss
ATLAS CORP. ASSETS SHOW. A DECLINE
N, Del, Aug; No.
BUSINE
Nominal quotations furnished ry local or Aluminii rn ‘Bla |. Mbled June 2)
the|N Ind Pub Serv 6% pid.. “34 31 68 cents
iod; sales $3,958,855 i738.
zar ago; seven months |} 158 ‘vs. $4,692,553 year
Aug. ie ARs P.) —Hogs—
be. and foo180 1bs., io: |
5,950; Sher offerings strapg_t io
mall lot choles tives, Gia scaling |E, .;- choice 1 thy S14 J Po good [87 WASHINGTON, Aug. 10 (U. P.).—Gov- butcher ¢ ¢ 8 3 @14; comm expenses and receipts for the S i . - ? | treasury reported today. This was|current fiscal year through Aug. 7 com- Sutisrs go- » ’
| the highest daily average in the ha- pared with a year aio:
i PH 35
28 42 5,394,107,856. 7 1,466.0 77,396.83 15.50; com: and a
Pub. Debt. 83,103,185,127.59 56,690, ¢,224.82 stronaT to 23 ; iehet; wp, § Te hoe d medium (omer 1
Si
; 000| two Sasns 72,000 $13.50 dows 1. head.
AT A GLANCE
ITED PRESS td. six- months end-
timated consolidated |
0 vs. $8,600,00 year
x Board Co, 24 weeks "net income $158,933 non share vs. $107, 226 ar ago. Fence Co. and “sub= onths ended June 30 403 vs. $112,546 year
.Corp. six months ‘net profit $564,888 or are vs. $90,314 or- 95 Ie = , 9 months to March 798, 741 equal to $1.73 46,519 or 81 cents in
5, Ltd, July bullion ) vs. $522,115 in June
LIVESTOCK
Ibs, down,
News that: James G. Patton, presi=| ‘opposed ‘higher farm price demands
‘and local traders absorbed offerings!
% | ported.
Patton Opposes Higper| JE Price Dervantis of of. Farm Bureaus. - CHICAGO, Aug. 10 (U. 0 —1 dent of the ‘National Farmers union, } by the American Farm Bureau Fed-
eration, lent an easy tone to grain : futures in early dealings on {hell
board of trade today. . At the end of the first hour Wheat |C
corn % to % lower, oats % fo % beans off % ta. %. wheat pit, While overnight shorts at lower prices. ‘A delay in cutting
of spring wheat because of - wet weather has effected ‘subnormal
% | shipments of new crop ‘wheat to to, northwest terminals, the Agricul-|
tural marketing administration re-
. Traders gave attention te- news| Gag that the agriculture department |
% | called a hearing to determine parity | prices for some 30 commodities, including ‘soybeans, based on such] 500
800-1000 pounds
Gool—" 600- 800 pounds 800-1000 pounds: aevdpasssces es 13,15
F- 500+ 900 pounds sensasanrass 1050012. . i
i on
lower, rye %:to % lower, andishy oo eat iamaiin
yo
basic crops as corn, wheat, ootton, Lino
rice, tobacco and peanuts. aa
5 WAGON WHEAT Up to the lose cof ibe Ohtonso
today, In er’ prael ahs or ;
elevators paid - os Ie red Wheat (other No. 1: yellow: ed poi i buinel and No." = white shelled ¢ ¢0 3 white oats, 43¢, snd oats, Yar : =
CLEVELAND, Aug. 10. (U. P).— Directors of Goodyear Tire ber Co. today declared a divi end of 25 cents a share on the:
stock, a cut of 12% cents from the] Bi
rate paid in the two previous quarters this year. The dividend is payable Sept. 15 to stockholders of record June 15.
EASY TERMS!
LIVINGS : ad Ww. Washingien “SL a
= a5¢ good 1803: i S 300 ps. $14 80: good 1 Horio ‘Ths. id 15; gol calves receipts, Lod. bulls steady; som
1050016
eh Tn to i: i
GOODYEAR CUTS | DIVIDEND ; & Rub-| 4
is . . . 15 Bue . 14.65 8 {ssennassesee 14.
|esesvenes eo 142
sesueveas
CATTLE 2000)
oo TSNERISE Cattle & Chives , a
pasexsvannsis « i. sussevennes
Pounds 15.50 ' punds CL1Lo100L LE Vi14 N5@15. 0 nn Be By 147 01 Geanssans 13: fi areas ieerss 1000
APs atbante 12.00 33 p Lr 12.00
“ios 7 sonst Virsurvansen long e 3 Helfers
pounds busesesevive 135 5014 .50 Fosedvssese [email protected]
Sessssevenne 13. 2
Commons F00-/900 POURS cs uveerions 2:50010.60
Cows (all weights)
Aa ssn sesesseee sane 18 ) hee and common. iro ‘Bulls al weet)
sae Saves vassass abs asny
CALVES (800)
‘Vealers a
a he ER
a > Thode 0 Cattle & aie
nas isuasesesees 12.5
; be ses ne
a
Airieseriene 1
En ow spsasreses. seeisnatsen
w Eo 13.50915.00 frees neue u
1250@14. "" -¥ : 10.00013.50 x