Indianapolis Times, Indianapolis, Marion County, 4 February 1943 — Page 23

ind 2

Sal fits WEE

© Work Balance. 17,005,685,175

A

ig : ~By ROG BOTH MANAGEME

Be agreed, for the most part,

to stop the excessive-labor dustries. As a case. in point. I knoy had five—or maybe it’s six— started. He isn’t afraid to - get a job whenever he wants every time he made a chan

new skills which would enab

the production effort.

In other words, this worker has benefitted himself by drifting from

plant to plant ‘and bidding up h pay but he hasn't helped war pro duction and actu +ally has hinder it. Being draft proof, he will con tinue. this shopping” unles

him,

the. major.

Mr. Budrow

“pirate ”

that, as everyone knows. cern does like Henry Kaiser does,

interviews those workers who are quitting and tries to persuade them||

not to.. It helps. some. ‘Obviously, the blame falls on both

management and labor, but it is a problem. that neither can solve alone

nor can any one company stem the tide by itself.

matter so much. But now that we

“job | some one stops

There is supposed to be an agreement among war “plants that they won't hire or workers from another war plant, but there are many ways of getting around One con-

‘Concerted action is necessary. In peacetime it wouldn’t

sting oats, Hurting Output

BUDROW:

* AND LABOR UNIONS are|

that something must be done urnover: in this rity’ 8 war in-

‘of one skilled worker who has different jobs since the war quit because he knows he can it. He has obtained better pay e. But he hasn’t learned any him to be more valuable in

STEEL OUTPUT 1S BOTTLENECK

{Armed Forces Production ' Board and Mills Held.

Responsible.

WASHINGTON, Feb. 4 (U. P.).— The senate committee investigating the war effort today blamed the armed forces,.the big steel companies and the war production board for the steel shortage from which. stems almost all of the present Sategic materials shortages. The. commiltes headed by Senator Harry S. Truman (D. Mo), in an interim report to congress, said that the “steel shortage came very close to being the stumbling block in the ar production program,” and dded: “The aviation gasoline program, he synthetic ‘rubber program, the

bor Turnover Here Is Rising, |

are dragging the bottom for labor|, supply, this fringe of workers who are the “floaters” ought to be tied

hipping program, the aircraft proam, all have suffered from lack of teel. -

down and kept on the job.

” » ” COTTON MEN say the reason more wool is being released for civilian use is that many of our soldiers are in the tropics where they need only cotton clothing. 2 5 = ODDS AND ENDS: These mil-lion-share days on the stod® mar-

ket are profitable to brokers still

operating with a depression-sized staff,

being offered that Chicago’s Mayor ||

Kelly will be beaten for re-election

early in April.” . . . Canadian finan-}| cial | adopting a ‘pay-as-you-go tax for

the dominion. . ... Restaurant asso-

ciation says it takes 32 times as long to slice a loaf of bread with a

knife as with an automatic slicer bakers use. . . . A new plastic is sold in rope form, is non-harden-

ing, could be .used for plugging, |

sealing and mending like putty,

U. S. STATEMENT

WASHINGTON, Feb. 4 (U. P.).—Gov‘ernment expenses and receipts for the currént fiscal year through Feb. 2; compared with a year ago: This Last Year

J $42,022 050 3 $14,423,458,002 -10,574,1

Expenses di 38,568, 64: ar Den Rece ne 8,632, 176, r+ . 33,385,920,804 7,768,265,085

Cash Balance ‘ 2,974,088,991 2,214,742,698 Public Debt.. 15, 879,106,471

- Gold Reserve. 22,662,690, 953 22 736,795,201 | | INDIANAPOLIS CLEA CLEARIN G HOUSE

“eras rssswisesransisnn

Semasrs iets eens sann

Davison Chemical Corp. 6 months

ended Dec. 31:net profit $588,175 or $1.14 a common share vs. $330,705 or 64 cents year ago.

=idelity

47 TRUST COMPANY i 123 EAST MARKET STREET

MEMBER FEDERAL DEPOSIT INSURANCE CORP.

~

SAFE

.- One statistics house says “We understand even money is

officials are talking about

156; 328 |. 4.827.785, 1969 $:522,499,082

65,819,284,943

$ 4.3:3.000

Steel Is Bottleneck

| “Our fuel oil and gasoline shortges, our farm machinery shortage, ur railroad problems, our housing ifficulties, could be relieved if sufcient steel were available.” Charging that the armed Yorces, ig steel and WPB “delayed steel exansion and are responsible for our current steel shortage,” the report said: | “Pirst, the armed forces seriously underestimated the amount of steel they would need under war condiions. *. 0

Sought to Avoid Overexpansion

a

“The second cause of delay was the desire of the big steel companies to prevent any expansion that might react unfavorably against their control of the steel industry after the war... . “The third contributing factor .. . as the delay of the war production ard in converting industry to a r basis. Untold tons of steel were rmitted to be consumed in nonar production until far into 1942.”

roduction of 86,000,000 tons in 1942 nd an expected output of more] an 90,000,000 tons in 1943 is a Sromendons accomplishment and that present ‘prospects for over-all ingot tonnage “may be viewed without undue alarm, although nét with complacency. x

| . $250,000 FOR GLASS PLANT

The Pittsburgh Plate Glass Co.

mo plant yesterday by a federal court jury here. The plant has been remodeled and turned over by the government to General Electric Co.

BUY CANNING PLANT

| MATTHEWS, Ind., Feb. 4—The H. J.- Heinz Co. has purchased the Marshall Canning Co, plant here, T. R. Hise will remain manager and I'Jasper Dickason superintendent.

2 “CROSSWORD PUZZLE HORIZONTAL “Answer to Previous Puzzle 18 Mantle. * T'Pictu 3 19 Rough lava. "Indian home. 3 ie B 3 Sa 5 A1=1_ 22Small house. : 8 Disease : 7 23 Scandinavian * (med. HIOIMEESIT|A[SIT Lil IEIS region. 9 Hang. AISIPERAIRIM EEL IAP] 26 Helmet 44 Expunge. (ir N NIOEIPIA (Roman), 15 Mother LT TJEEP RIY[ TN] 28 Steighs. (Tag.). A 31 Sailor. 46 Was indis- 1 INID: é T] 33 Indonesian of . posed. H ElAIR OIREIRII Mindanao. 17 Great Lake, [{IMPEEB|UINES SIU E IE] 36 Overlord. 18 Networks OlTILISERM|VISIE PIEIEIR] 37 Experiments. '(anat.). DIVE: R ATT 38 Mountain 20 Honey (comb. =n v 1 ICIAIN (Fr.). i form). : 40 Lament. ' 21Put on. 43 Since, VERTICAL 41 Clothes. | 221t'is a —— 44 Nova Scotia 1 Croon (Scot.)..47 Malayan tent. : (abbr.). 2 Mistakes. canoe. \ 24 Jujube. 45 Registered . | 3 Ache. 49 Became larger 25 Lira. (abbr.). nurse (abbr.), 4 Compass poifit 50 Opera by 26 Sailor (slang). 46 Tilt. $ Ells EnglisA Verdi. 27 . 2 48 Betrothed. (abbr.). $1 Driving 29 Cloth measure 53 Accomplished. 6 Demeanor. commands. 30 Landed: 54 Uncommon. | ‘7 Opposite 52 Editor (abbr, “property. 56 Attempted. (prefix). 63 Clock face.’ 32 Dish. 57 Stead. 8 Secular. | 55 Enlisted’ 34 High in pitch 58 Solitary. 9 Ambary. " (abbr.). : (music). - 60 Dutch city. 10 Edge. 57 Lady Literate 35 Ds 61 Bondman. 11 On the lee. . in Arts 3 Curren 62 Sacred song. 12 Little ball of (abbr.). 9 Ee . 63 Existed. food. 59 Type measure. (@24ren. measure. 644 Tows pallid 13 Esculent. . 61 Spain: (abbr.). ‘rR == FT 3 PPT Er # pe BE Ais EI : “4 S 3 > £ £ : ET ope mk 29

| The committee conceded that steel | Good—

was awarded $250,000 for its Koko-| ie

| Medium and good .... Comm

Iv ‘women.

“Sep metal totaling 300 tons Biscuit Co., 829 Daly st.

is ready to

be shipped to the mills from the warehouse of the National The scrap consists of obsolete machinery which has lain idle for some time and for which the company has no further need. Here H. L. Hasbrook, branch manager (rear), John P. Collett, Indiana director of industrial salvage, WPB (kneeling), and P. D. Dimmitt, field representative for industrial salvage in the state (right), look over some of the scrap.

PRICES ON HOGS RISE 10 CENTS

Only 3200 Porkers Arrive At Stockyards Here; Top Is $15.75.

Hog prices advanced 10 cents over yesterday's best prices at the Indianapolis stockyards today as receipts fell to only 3200 head, the agricultural marketing administration reported. Hogs under 160 pounds and sows were unchanged. The top was $15.75 for good to choice 180 to 200-pounders. Receipts also. included 925 cattle, 275 calves and 1725 sheep.

NAN]

HOGS (3200) Good to choice— 130- 140 pounds ...... [email protected] 140- 160 pounds ...ceccseccee [email protected] 160- 180 pounds .. [email protected] 180- 200 pounds .. ov [email protected] 200- 220 pounds ..cecccesies [email protected] 220- 240 pounds ..... ssssses [email protected] 240- 260 pounds ...ses..00.. [email protected] 270- 300 pounds ..ceccsne. os [email protected] 300- 330 pounds ...... seeense [email protected] 330- 360 pounds ee..ssecis0e [email protected] Medium— ; 180- 220 pounds ......c...s0 [email protected]

Packing Sows Good. to Shale -

SHEEP AND LAMBS (1725)

Ewes (shorn) rip Good and choice ....... veers, 7.000 8.00 Common and choice....c..... 6.000 7.00 Lambs Good and choice ....ccees.. [email protected]

tsseseresessrcranes

sessssas [email protected] [email protected] Lambs (Shorn)

TELL. CITY TO GET

, Keka pacTony

: 1 equipment will be built by defense. 3 plant corporation at Tell City, Ind. |30:

The plant will cover 80000 square |, {i

Good and choles : i ...0..0.. [email protected] | ° Medium and Good .......... [email protected] common ............. San aan [email protected] Yearling Wethers - Good and .choice ............ [email protected] Medium“... 0 Lc [email protected]

| iit Sorin

row is confusing war industries and

RYE PRICES STILL GOING DOWNWARD

CHICAGO, Feb, 4 (U. P.)— Wheat futures maintained independent firmness on the Board of Trade today. Other grains moved irregularly lower inspired by rye weakness. At the end of the first hour wheat was up % to 3%; corn unchanged

off % to %. Soybeans were inactive. : J Grainmen said that the rye market had reacted to disappointmént over lack. of export outlet, and to the complete absence of rye for dis-

tillery purposes. The consumption of some_7,000,000 to 9,000,000 bushels

stock quotations are carried daily in the final edi: tion of The Times.

po

LOCAL PRODUCE. n ene: A. "28 nent, Nader, ane ayer. Joi 3c:

20c. p.Dringers, 1% Ibs. and over; eolored, 22¢c; J and White | Rock,

i ringers, He,

Roasters, 4 lbs. and over: colored, 26s; Barred and Wh te: Rock, le. :

-

apons, under 3 ibs.. 29¢; All No, |

Graded Ng ; grade A, small, 35c; 48048%s; No. 3, Jo as; No. 3, 4k

Via a1

Wilson and Eberstadt Feud Over Speeding War Orders

WASHINGTON, Feb. 4 (U. P.) —Another intra-war production board

to off %; oats off 4 to % and rye

36; Leghorn | |

ECR. w| cade A, large, She. grade

casting a shadow over vital parts of

the production program, it was learned today. WPB Chairman Donald M. Nelson, alarmed by the possible effects of the controversy, is trying to compromise a struggle for power between WPB Vice Presidents Ferdinand Eberstadt and Charles E. Wilson.

The battle has two important phases: 1. An attempt by Wilson, who is in charge of producfion, to compel government war agencies to place their orders for valves, gears, fittings and other components, with industry within 60 days. 2. Resistance by Eberstadt, who is in charge of allocation of raw mawerials, to Wilson’s demands that all industry branches closely allied with production be transferred under his jurisdiction. All branches now are under Eberstadt’s control. Nelson met some of the.participants for several hours yesterday. WPB aids said afterward that Nelson appeared cheerful. But no settlement was announced.

+ Industry Complains Responsible sources said that Wilson’s demand that all orders for componerits for 1943 be placed during February and March, and his

ovo cow #[email protected] 1 pid Joo - 330 pounds tenesseevann unehLu a year had been completely erased| warning that late orders. would be - UNAS ..ce0s ee ses . .00 r : 360-400 POURAS -.ans I [email protected] | When faciifiies were Shefied of 10| given secondary consideration in the 400~ 450 pounds ..... rsa ses [email protected] production of STE J overall program, has brought a delXo. 500 DOUNAS ....eenssses [email protected] ; \ uge of complaints from industry. um-— 150- 250 pounds .....-ceceen [email protected] N. Y. Stock S$ . The order was contained in a Staugiiter Pigs : letter addressed on Jan. 20 to the Medium to Good— Net . : 90- 120 pounds ............. 13.50@14,25 High Low Last Change|14 agencies which have a recogCATTLE (925) "| Allegh Corp ... 1%. 1 3 — % {nized claim on supplies of critical Siaughter Cattle & Calves Allis-Chal |... 3% 8 a i''y, | materials, including the army, navy halite . Steers Am Rad & 8 8 7 6% no and maritime commission. Its ob700- 900 pounds 15.3501000 Am Roll Mill .. 11} 11a din — itjective reportedly was a desire by eae s 4 2 2 * . Ln Bounds . . 13. Naw Am Tob B ..... 52° 51% 81% — | Wilson to facilitate orderly schedul- - . lo B 1 ee J 1300-1800 pounds ...iiic..i: [email protected] Anaconda... 5 28% 28%: — ing of uss vital part of the war re Armour Ill ... 3% % 3% ... ecb ach a "oo ‘8 m or one war usE000 pounds ..oo....oer MUGEN Atchison CTL 4h 4M —"%| "A spokesman § ind 1100- -1300 pounds cvseaveas. o id 0ais. 78 Balt & Ohio.... 3% 3% 3% — %|iry said that the order did not fiiter 1300-1500 POURGS «11s ssvvsssy, 100 Bendix Avn ... 36 35% 36 .... '|down to manufacturers until a Medium— Beth Steel .... 59% 59% — % 700-1100 POUNdS ..ceccsess vs [email protected] | Bordén ......... 35% © 23% 23% .... |week later and its only now reach-1100-1300 pounds ..... cosets [email protected] Bdgpt Brass ... 9% 9% 9% — % ing supplies and sub-suppliers. InCommon -— Chrysler ....... 0% 10% 0% .... dust. entati i t 700-1100 pounds ...... reves [email protected] | Comwith & So..15-32 7-16 7-16 —1-32| dustry representatives insist that Heifers Oona Zain, + 13% a 1% =” it is physically impossible to meet Cholgbes [email protected] | Corn. Prod "LL. 56° 56° ss° T..."| the order on such short notice. 600- 800 pounds ...¢..0se sees a . iss- re 1 — 00-100 Poanads er @15.50| Darnes Tale. 613% Gore Gos — 1% They cited, as an example, the Good— Du Pont pre 142% 14244 142% = 1% case of motors. A motes manufac600- 800 DOUNAS ..cecsesvees [email protected] [ Elec ‘Auto-L ... 32% a s 4| turer cannot accept orders which tresesees. [email protected]| Gen ‘Electric... 34 33% 33% — VY : 0 1169 pounds .. © 1375@1478 Hudson Matos. 8% 5% 5% = i do not have an AA-5 priority rating Soi 360 POURS ..eveeeesees 12.00@1375 | Tn “marvecior. 8814 881a dev .— io) Or higher. Experts said it would be Com : Int Nickel 32% 3%% 32% — % impossible to get such ratings for S00. '900 ) pounds Sasasinenenan [email protected] A TE beasee ot np Ly, = be all motors which will be needed | Cows (all weights) Kennecott 30% 30% 30% -— is| before the so- Wilson “zero GO0R ei ities iin [email protected] | Kresge SS 217% 21% 23% — YY ” Medium. oo esos [email protected]| 1,-O-F Glass . 33% 3316 3318 ‘ia hour” and withodt them the manuGuter and Common .......... uae Link Belt! .... 37 3... facturers could nct accept orders. RINE © ue ies rai itr asasins . 5 Nash-Kelv 1. 6% 8% ea A barrage of telephone anil Bulls (ali weights) Nat Biscuit 17% 17 17% + % (Yearlings Excluded) Nag Cash Rel Nl ow ton: reached the .various industry Good. 13:0091425|N. ¥ Central... 12% 12%, 12% .... [branches of WPB as soon as the Bana een sadvsnas ice ' Onio_Oll 3s aean 14% 1% 14 + %u order reached manufacturers and “rience a — SEEeisl weighta) ce..vx 13MIN Pan am Wirw. atts gi ams. jjauthorities sai the flow of pro. Cutter and common ........ [email protected] Phillipe et 43% 45 oe I on testing mail has been exceedingly CALVES (275) 2elE Si 1% SU + he heavy ‘ | pul man feawes 4 4 Heart of the Eberstadt- Wilson Vealers (all weights) Pure" Oil ..... 12% 12% 12% y, Good and choice ............ 16.50017.80 | servel Ine... 12 11% 13% IT .12| dispute, however, is the future of Co ad upratum ..ooiit: l850@1100 | Socony-Vacuum 11% 1% 1% + leche industry branches. Wilson is ° Peeder & Stocker Osttle & Calves Std Oil Ind 28% 28% — (arguing that those bearing directly Steers Std Oil N J.... 48% 48% 44% .... lon war production should be under Chol Stokely Br . 5% 5% 5% .... 5005 500 POUNAS .....u..ees. [email protected] Studebaker, ... 6% 6% &% -.. his jurisdiction so thal they may “800-1050 DOUNAS ..ceveeeres [email protected] SILL Corp for: Tow 30: 1%itibe assigned cettain new responsi500- 300 POUNAS .cecesersses [email protected]| TIMED AX -.. 23, ° 286 28%"... bilities peculiar to the production 300-1050 POUNAS .iveesssrees [email protected]| LOUIE, srerait 106 106 106 — i ‘|field. Such a move would greatly Mediu oN » i US Steel 'pf...114 114 114 .... |reduce Eberstadt’s sphere - SNa:1000 pounds 000000ce0000 10.20011.5%0 us T b 3 glia =n nh 23% + % ence ta ph of ny % 2 arner ros ’ . 500- 900 pounds ....eecsoesss 0.50010.28 | wot" nion l 30% 30% 30% + 3% Calves (steers) West Air Bke. 18% 18% 18a — 3 Good and Choice— esting El 88% 38% 88% .... WAGON WHEAT 500 pounds down ......... .+ 13,50015.00 Waite Mog Ju 390 i + %| Up to the close of the Chicago market Medium Was worthy wo. S30, 10% 32% + % today. Indianapolis flour mills and erain 500 pounds down ..... veesss [email protected] | Yellow Tr .-... 13% 1% 3 2 .... |elevators paid $1.44 per bushel for 170. 2 ves (heifers) - Young Sheet.. v3 31% — Ya red wheat {other grades on their merits): ‘Good and Choice— Zenith Rad... 22% 22% 22% — %| No. 3 white oats, 56c, and No. 2 red oats, | 500 pounds down .......... « [email protected] 56¢c; No. 3 yellow corn, 90c per bushel, Medium— - + and No. 3 white corn, $1.01, - 500 pounds down ........... [email protected] Complete New York

SR sss

“ALL RISKS INSURANGE:

Personal i Property

Cleveland. Firm Firm still Gives

|Jack and his colleague

Free Meals, Shoes to

‘Associates.’

NEW YORK, Feb. 4 (U. P.).—The fantastic firm of Jack & Heintz, Cleveland aircraft equipment makers’ whose war profits and

| prodigal spending were the object

of a co investigation last spring, is handling more war. work

|than ever and is still providing

swing music, free food, shoes ‘and steam ‘baths for the 5000 ‘associates” who man its production lines. Most observers have been unable to decide ‘whether William 8. (Bill) Ralph Heintz are erratic operators with a

) talent for production or merely

business geniuses, says a featured article in the current issue of Mill & Factory magazine, But they still are making the aircraft engine starters that put them on the high road to big profits and

governmental investigations, plus a "| number. of other airplane instru-

ments which the army and navy apparently believe they can make faster and cheaper than most of their competitors. And, the magazine reveals, they have not abandoned many of the unorthodox practices brought. to light in March, 1942, when the house military affairs committee called Jack to Washington to explain how the company’s war contract’ profits could finance $650,000 in Christmas

| bonuses to the factory personnel, a

salary of almost $40,000 a year to a private secretary, and Florida vacations for veteran employees.

No Time Off

Jack, his son William R.,; and Heintz have cut their salaries to $15,000 annually, but their. employees still are working for wages and under conditions that would make the average industrialist shudder. The factory associates—no one is called a worker in the Jack & Heintz company—operate in two 12hour shifts, seven days a week, with no time off, swing shifts or other schedule adjustments that mean time-off. At their own request the associates, most of them machinists belonging to the A. F. of L. International Association of Machinists, are working about 84 hours a week with time-and-one-half for everything over 40 hours—which accounts for the high wages that created such a stir in congress last year. - That long work-week, the magazine adds, also explains the almost utopian condition in the company’s plants,

No Strikes or Slow-Downs

That. the system is bringing results would seem fo be proved by

ing out military equipment in quantities and qualities that bring it repeat orders. There have been no strikes or slow-downs, absenteeism. has been reduced to a maximum of about 22 man-hours in a 60,000 man-hour day, and several thousand job applicants are waiting for someone to quit or a new place to be made on the production

' parent company;

the record. The company is turn-|

s—

5

Interest incurred in connection dition to interest on personal in-

against income tax. : ~ + Interest on personal indebtedness may include interest on a mortgage on the taxpayer's home, on the purchase price of goods | bought on the instalment plan, well as interest on personal loans. It must be borne in mind that only "interest payments and not’ principal payments are deductible items. On FHA loans, for instance, the monthly payment includes not only inferest and: amortization, but an amount for loan insurance, accrued taxes and insurance. Ordinarily the institution holding the mortgage will supply the mortgagee with a statement of interest paid during the year. Likewise, in the case of personal loans and instalment purchases, a portion of -the payments frequently represents “insurance” and “finance charges.” As only the amounts representing interest are deductible, it is advisable to obtain a statement as to the amount of the payments which represent interest. Where the contract provides only a series of payments with no mention of interest, no interest would be deductible.

WAYNE PUMP GO.'S PROFITS ARE LOWER

FT. WAYNE, Feb. 4 (U. P). — Wayne Pump Co. today reported. a niet profit of $816,555 or $2.82 a capital share for the fiscal year ended Nov. 30, 1942, compared with $1,002,098 or $3.46 in the preceding year. Earnings were after $435,027 provision for federal income taxes. The company stated that it believes it has no liability for excess profits tax. The report did not include earnings of the company’s Brazilian and English subsidiaries. Net profit of these subsidiaries for the fiscal year amounted to $95,800, of which $86,990 was paid ‘in dividends to the This compares with $99,335 and dividend payments of $48,710 to the company in the preceding year. The company stated that earnings give effect to adjustments agreed upon between it and the Chicago ordnance district price adjustment section board .in renegotiation proceedings, but that finai net earnings will depend upon approval by Washington authorities.

U. S. RUBBER PAYS $2

NEW YORK, Feb. 4 (U. P.).—Directors of U, S. Rubber Co. have declared ‘a. dividend. of $2 a share on the -‘monscumitative preferred stock, payable from 1942 earnings on March 26 ‘to stockholders of record March 12, The previous payment on the issue amounted to $4 a share on Dec. 18, the only pay-

line. . Ee

| LOST BY

with a business or profession in ad-| debtedness are proper deductions

Sogn Stanley Awan Issue; Newton May G To Courts.

NEW YORK, Feb. 4 (U, P), — long-standing feud between V Street and out-of-town banking ii terests flared up again today w the Erie railroad, overriding 1 protests of Cleveland and Chica bankers, sold a new $14,000,000 0! issue privately to a banking sy cate headed by Morgan,

as | &.00.

The award was disclosed brief statement by the railroad | public reoffering of the bonds, a per cent. first mortgage issue ing Feb. 1, 1958, is expected to made by the Morgan group Feb. 5. : ; Both the railroad and the ers refused to comment on the a peal sent to the interstate con merce commission earlier today Cyrus S. Eaton of the Clevela firm of Otis & Co., who asked 1 the Erie be forced to invite petitive bids on the issue. | Eaton said his firm, Halsey Sti & Co. of Chicago, and other & 802 ciates were “prepared to make firm, unconditional bid for bonds.” He ‘suggested that an ICC ord to that effect be issued. “before thi conventional excuse is made that private sale has already been cluded and that competition, th fore, is noi practicable.”

ICC Must O. K. Issue

The bond award is subject to a proval by the ICC. oi Protest against the private sa also came from Carl ‘E.’ Ne president of the Chesapeake & OF Railway Co. which holds a & stantial amount of Erie securities, Newton warned in a state issued before announcement of the award that he was prepared to take legal action against individual dis rectors of the Erie if the sale is summated. “As spokesman for a substant stockholder of Erie,” he said, must insist that the Erie Rail buy its financing on the prudent basis as it buys its railros equipment—that is, to benefit i stockholders rather than to be ne any selected seller of financing,” 3 Most of the Erie’s past financinj except for divisional issues, has bet handled through the Morgan ine terests on a negotiation basis, rathe tRan in open competition with othes banking groups. Le Halsey Stuart and Otis & Co. have

been the leaders of an oppositio group demanding that the ICC force competitive bidding on al rai securities.

DAILY PRICE INDEX

Dun & Bradstreet’s daily weightet price index of 30 basic commodities compiled for United Press (1930= average equals:100): Wh Yesterday c.oenssocssccnnsss 168. Week ALO ..ococencvnessesss 160d Month AZ0 cc.cscocossesss o.167.8 Year Ago scssccesssetncsens 154. 1943 High (Feb, 1) .ec0eeeee 169.8

ment last year.

1943 Low (Jan. 2) .......... 16688

JOB AT LEAST EVERY TWO MONTHS A WISE PLAN.

STANDARD

RED CROW

GASOLINE. .. the choice of midwest motor s | tats by @ margin of 210 1° over any other brand.

Help Uncle Sam: Join the salvage drive: turn in to the proper local organizs-

“collect and

tions all y ur old ip mew, subbes, es,

Gas rationing

We A CAR 15 NORMALLY 'ON THE 60" IT EASILY THROWS OFF MOST OF THE WATER THAT HITS LUBRICATON POINTS. WITH MINIMUM DRIVING, WATER STAYS THERE LONGER, CAUSES RUST. A GREASE

*TO BED” IN DEAD STORAGE REQUIRES AN EXPERT JOB OF PREPARATION FOR STORAGE. ELSE IT DETERIORATES FASTER THAN IF DRIVEN CAREFULLY AND SERVICED PROPERLY. PREPARATION FOR STORAGE COSTS ABOUT $30.

A SANDSTORM AN OSTRICH BURIES WIS HEAD. A MOTOR GETS ITS PROTECTION AGAINST DUST- FILLED. AIR FROM ITS AIR CLEANER AND OIL FILTER. Thess NEED FREQUENT-ATTENTIGN 8, :

wo.

Give your car the extra care It needs....and te mike i run well, last long, team up with these 2 great standbys

! o® —sayees e & Coors Svea

WARM UP ENOUGH TO EXPEL ALL WATER i WHICH CONDENSES IN MOTOR. SOME GETS INTO CRANKCASE. [BETTER CANOE On AT

asses?

SHORT DRIVES ENGINES ooNT.

STAN DARD

A N : e

ise-vis

& + Mik 0 rts por, low in