Indianapolis Times, Indianapolis, Marion County, 5 August 1943 — Page 12

. approved Mueller’s offer, which is ‘made to the government without

‘Egloft,

‘Wyo.) authorizing government con-

"GAS P TENT TOU. S.

| German- Born Sa Tenders, vet Ferders, ‘Rovalty Free, Process Used by ‘Nazis; Ersatz Methods Urged as Dwindling Oil Reserves Are Cited.

WASHINGTON, Aug. 5

(U. P.).—Dr. Frank Mueller,

» German-born and trained chemical engineeer, yesterday offered to the United States the process which he said the Nazis use to produce synthetic fuels. { Mueller, a naturalized American citizen for 15 years, is president of the American Lurgi Corp., Dickinson, N. D, The corporation was seized by the alien property custodian last year because of its German interests But its patents

have not been put into. the “patent pool” for American industry at large. -Appearing- before the . sérfatehouse joint subcommittee on liquid fuels, Mueller said that Germany's synthetic oils and gasolines are made from tar which is a low grade coal derivative and that his company has been producing this tar commercially since 1936. : The alien property custodian has

charges or royalties. Earlier in the day, Dr. Gustav research director of the Universal Oil Products Corp. of Illinois, had testified that American technological superiority and natural resources would give the United States ‘a decided advantage over Germany. in synthetic fuel production. Disagrees With Ickes

He said he did not agree with Secretary of Interior Harold L. Ickes, who claimed’ Tuesday that the United States now has 14 or 15 years supply of natural petroleum, Egloff did not offer a new estimate however. He urged governmental development of all synthetic oil methods as a means of guaranteeing a continued supply of liquid motor fuels. He indorsed the bil introduced by Senator Joseph C. O'Mahoney (D,

struction of development plants for produetion of synthetic oil products. _ Egloft estimated that 8,000,000

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men would be required to manufacture a year's supply of gasoline from coal.” Assistant Deputy Administrator Bruce K. Brown of the petroleum administration for war, testified that gasoline could be produced from natural gas at prices competing with present crude oil gasoline. However, he said, such competitive pricing would ‘depend upon research and development of improved processes of hydrogenation. ‘With improvement resulting from research, development and operating experience this process may be competitive with erude oil at $2 a barrel or even less,” he said. The cost of making gasoline by coal hydrogenation, he added,ihas been estimated at from 10 to 25 cents a gallon.

FIRM 25 YEARS OLD

NEW YORK, Aug. 5—The H. K. Ferguson Co., industrial engineers and building firm of Cleveland and New York, today celebrated itg 25th anniversary. The organization which is one of the largest of its kind in the country, received the army-navy “E” award for its part in designing and building the Rocky Mountain Arsenal at. Denver.

U. S. STATEMENT

WASHINGTON, Aug. $3 (U. P.).—Government expenses and receipts for the current fiscal year through Aug. 3 compared with a year ago: Last Year

This Year Expens .$ 17,760.484,531 ,605,228,490° (War Spending 1, 1048, 659,842 4,908,299,742 Receipts 2,222,255,785 797,737,151 Net Deficit .. 5,538,228,145 4,805,654,588 Cash Balance. 9,188,794,983 3, 205, 846, 430 Working Bal.. 8, 1426, 114, 4906 2,533, 400, 881 Public Debt. -146, 369,499,143 82,084,083,612 Gold Reserve. 22,334,774,537 22,744,059,568

INDIANAPOLIS CEEARING HOUSE

Clearings Debits

‘ McCrory Stores Corp. 12 months ended June 30 net profit $2,498,621 or $2.22 a common share vs. $2,486,~

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Security Trust Washington

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9 oN MONUMENT CiRciE

SPRINGFIELD, 111, AUR, 5 (WU. P.)—The nation’s first strike to be voted under the new Smith-Con-nally act was held in abeyance today as leaders of district 50, United

to use it to force recognition of their organization as a bargaining agent. The strike was. voted, 1005 to 836, at two Allis-Chalmers war plants here yesterday. Effect of the vote was to favor the U. M. W. A's “catch-all” union as against C. I. 0.'s Farm Equipment and Metal Workers union, opposed to striking. Nine ballots were ruled out. No immediate strike is planned. Hugh White, regional director for “ldistrict 50, said he plans a petition to. the national labor relations board for an eléction to determine the workers’ bargaining agency. At presént the company has a contract with the C. I. O. union. ‘Vote Repudiates NLRB’ “There will be no strike as long as a sincere effort is being made to settle this dispute,” said White, referring - to his efforts to gain recognition of district 50 as a bargaining agent at the two plants. “The vote repudiates the NLRB decision denying us the right to have a collective bargaining election, and proves conclusively that district 50 has a majority of the workers as members ‘of its union in spite of the confusing wording of the ballot.” The ballot read, “Do you wish to permit an interruption of war production in wartime as a result of this dispute?” After the election, John E. Shaffer, international vice president of the Farm Equipment Workers said, “The issues were not made- clear to all the workers. The only thing gained is that now it is legal for the plants to be stru Shaffer said, “We still have bargaining rights, and 836 still don’t believe the workers want to strike in wartime.” His comment ‘was in contrast to that of Ray Downey, district 50 local president, who said, “We've had a hard time keeping our men

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at work. They want to come out,” and indicated that they would stop work unless the U. M. W. A, affiliate is given the collective bargaining privelege. The strike vote was sought by district 50 to force a “count .of noses” at the two plants. Should it fail to gain an NLRB election either by petition it expects to file today or by pending federal court action, it still could strike the plant. NLRB officials who supervised the election, said the C. I. O. union was still the bargaining agent at the plant, that the only. thing left for them to do now was to forward the result of yesterday’s. election to President Roosevelt as required by the:act. , White said. district 50 will hold up the strike “just long enough to give the NLRB opportunity to correct its mistake. or giving collective bargaining rights in the C. I. 0.” Louis Silverberg,- Washington, spokesman for the NLRB, said that a bargaining election could be held only at the expiration of a contract, poining out that the C. I. O. ufion’s agreement with the Allis-Chalmers

LAs NLRB representatives supervise first balloting atifler. the new Smith-Connally anti-strike bill permitting the U. and operate war plants, Allis-Chalmers workers at Springfield, Ill, are shown here voting on the guestion of a strike,

S. to take over

does not run out until Apr 15, next year. “If we granted a aaliostive. bargaining agency: contract . election every. time some one-asked for one, we would “never - accomplish anything,” he said. The company maintained a “neutral” attitude, claiming that it is}iaxe not involved . in the dispute. A statement by Lee H. Hill, Milwaukee, Wis., vice president in. charge of industrial relations, said: - “It must be borne in mind that this is not a dispute -between the company and its . employees. ‘Instead, it is, a dispute between the C.-I. O. union and district 50 over a decision of the NLRB. “After the national labor relations board - had conducted ‘an election which was won by the C. I. O. union, we negotiated a contract with that union in accordance with the terms of the law. The company today still stands ready to bargain collectively with any agency designated by the government. Our only desire is to continue’ productidh 1n vital war thaterial without! interruption. _

Wheat, Rye. Prices. Decline] | In Early Trading on Board. of Trade.

CHICAGO, Aug. 5 «U. P.).—Onats| maintained independent firmness. on the ‘Board. of Trade today.’ “At the end ‘of the first’ hour wheat was off % to 3% cents a bushel; oats up % to. %, and:rye unchanged to oft %.

was off % to % cent a bushel from the previous! $144%@%, oats up % from 70¢, and rye: unchanged to: off % from $1.01 @%. “Wheat traders found no incentive

“lin overnight news and a dull easy

tone prevailed at the opening. After: a little early buying in‘ the rye pit prices sagged and the general - trade showed little inferest.in this market. Commission houses sold oats. and local traders absorbed offerings.

CORPORATION TAX OF 14 BILLION FORESEEN

"WASHINGTON, Aug. 5 (U, P.)i— American corporatio probably will ‘have a federal tax bill of some $14,000,000,000 in 1944, Secretary of the Treasury Henry Morgenthau Jr. estimated today, in reporting that. corporations paid the United States . Sgserninent $7,165,575,126 ‘in

ae 1944 total of : $14,000,000,000 would compare with the world war peak of $3,158,764,000 reached in 1918. - Taxes paid for 1942 included $2,947,571,201 normal taxes $796,999,565 surtaxy” $6,452,662 of declared value .excess profits tax, and $3, 356,550,698 . excess ‘profits tax, and represented a gain of 181 per. cent over 1941 and were 25 times greater than the $285,576,000 paid in the depression year of 1932.

MORE MEAT FOR CIVILIANS? WASHINGTON, Aug. 5 (U. P.).— The war focd ‘administration announced today that local and commercial . slaughterers may sell a larger percentage of their August pork output for civilian consumption. :

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Traveling Bank | HIE Absenteeism at Arsenal.

WASHINGTON, Aug. 5 (U.P). —Employees of the Ogden Arsenal, 12 miles from Ogden, Utah, now get their pay checks cashed right. at’ the plant through a traveling banking service which sharply reduces absenteeism, Arsenal records reveal. The wartime itinerant bank consists of a specially equipped motor truck and trailer which ofJoi much the same check cashand financial services as a a ro bank. It is operated by ‘the First Security Bank of Ogden, under treasury authority as an agency for special wartime service similar to army post banks. Brig. Gen. Julian S. Hatcher, chief of ordnance, field service division. of the army, Washington, and Col. Lewis S. Nickerson, com"manding the Ogden Arsenal, credit the movable bank with cutting ' absenteeism because of check cashing difficulties beyond expectations.

UTILITY DISSOLUTION PLAN FILED WITH SEC

PHILADELPHIA, Aug, 5 (U. P.). —The North American Co. the nation’s ‘second largest utility holding company, today had on file before the. securities and exchange commission a plan for its dissolution in compliance with - the so-called “death sentence” provisions of. the public utility” holding company act. The plan contemplates securing of a 2. per cent bank loan of $34,881,500 which will be used to retire outstanding ° debentures and the splitting up of the organization into four operating units, with a fifth unit charged with liquidating miscellaneous investments,

CBS NET INCREASES

NEW YORK, Aug. 5 (U. P.).— Net income’ of Columbia Broadcasting System, Inc., and subsidiaries for the six months ended July 3 has been reported at $2,204,499 or $1.20 .a share compared with $2,005,910 or $1.17 a share. in the corresponding 1942 period.

Sia Devers Between ‘Over-the-Counter’ -and Registered Dealers. PHILADELPHIA, Aug. 5 (U. PJ. —A congressional - investigation of ' the dispute between registered stock exchanges ‘and over-the-counter dealers as to their respective merits appeared probable today. The National Association. . of Securities Dealers has dispatched to all senators and representatives a letter denying charges by Ho R. Taylor, president of the more Stock Excharige, “against the character and responsibility of the business” of NASD members. Recently Taylor, in a letter to congressmen of !both houses, dee manded ‘abolition of the over-the-counter market in securities, charge ing that certain issues traded there were barred from “supervised exe changes . . . so regulated that the public cannot be deceived,” to which NASD has replied that no issuer is barred who is willing meet the requirements of the seo ties: and ' exchange commission. The NASD asserted that Taylor's letter contained “misleading statements and inferences intended tq discredit over-the-counter dealers in securities who constitute the b of the membership of this woot tion” and emphasized that ope of the exchanges to “hundreds if not thousands of additional securi= ties” would mean that just «that many more issues could be eo on exchanges but still would“ find their best market off the exchanges,

SEC ORDERS UTILITY TO LOWER GAS RATES

WASHINGTON, Aug. 5 (U. P.).—= Cities Service Gas Co. has been ore dered by the federal power: come mission to reduce its wholesale rates for natural gas at least $4,« 500,000 below the level of 1941 ope erating revenues, it was dislosed, By Sept. ‘1 the utility must new rate schedules covering t: portation ‘and sale of gas sub to the commission's ‘jurisdiction reflecting a cut of at least $4,445871 below 1941 operating revenues of

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EXT wintet’s fuel supply is as much in the public mind as this season’s Victory garden—so coal is tumbling merrily down. chutes into many thousands of home bins

People know what's going on. The immense number of furnaces and heating plants being converted to coal can have but one result— heavier demand for coal. War is taking away.

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be slowed, if all want coal at one time. So. the farsighted-home owner is laying in next winter's warmth and comfort mow. |.

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