Indianapolis Times, Indianapolis, Marion County, 6 August 1943 — Page 17
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ow wa ed i ik b 5 ria ‘od ~— f a Ny " 5 »
Sxeasssuntmnms
Solution to Labor Problem at Allis-Chalmers pete By Rider on Agency’s Appropriation Bill; ‘U. M. W, Holds Up Strike, Pending Decision.
By FRED W. PERKINS Times Special Writer
i WASHINGTON, Aug. 6.—The national labor relations
‘board appears to be caught between two laws in its. efforts toy
Hoive a dangerous situation in the Springfield (Ill) plants ‘of the Allis-Chalmers Manufacturing Co. : In a “strike vote” Wednesday, initiated by district 50 tof the United Mine Workers under the new war labor dis+putes act, the result was 1005 ayes to 836 noes on the question, “Do you wish to permit an interruption of war pro-
duction in wartime as a result of this dispute?’ But {Hugh White, regional director
‘of district 50, said no strike \was imminent, and said the real ifr. as well as the intention, was ‘So prove that his union had a majority in the plant over the nite Farm Equipment and Metal orkers (C. I. O.), and should be "recognized as the official bargaining ‘agency for the employees. pr One suggested solution would be or the NLRB to recognize the istrike-vote result as a demonstra‘tion that district 50 has a strong {claim to being the majority union, to authorize a collective-bar- : election which would decide that question and end the fight iwith the C. I. O. union over repre~ {sentation. But the NLRB is hesi‘tant to do this becausé it would ‘upset its policy of trying to stabilize 1labor relations by certifying unions ‘@s bargaining agents for specified {periods—and anyway, it is apparently barred from this method by "another recent enactment of con- : Brest, 4 o 7 Rider Called ‘Deal’
‘“ This was a rider on the NLRB _rappropriation, specifying that this ency cannot use any of its funds A action on a representation disi pute where an agreement has’ been, ‘in effect 90 days without protest {from another union. The rider was ,promoted by the metal trades de‘partment of the American Federa:tion of Labor, to stop the NLRB tfrom further efforts to upset the ‘A. FP. of L. closed-shop contracts in the Kaiser shipyards of the Pacific rthwest. It has had that result, and has tr bitterly denounced by the C. ‘I. O, which charged that John Frey, in F. of L. metal-trades president, promised certain congressmen ! that in return for it they would be forgiven” for their support of the "@onnally-Smith war -labor disputes . act. i The C. I. O. contract at Spring‘field was entered into in June, 1942. istrict 50 apparently began to Question it more than 90 days b ter. ; if . Uniformity in Law Urged
{ NLRB today transmitted to the.
ipresident its official count of the :Springfield balloting. Under the
LIGHTER HOGS
REMAIN STEADY
Porkers Weighing 200-220
“| More Cocoa, ad. SUG: Tea in Prospect as Shipping
Situation Eases.
By JOHN LOVE Times Special Writer CLEVELAND, Aug. 6.—Imports of cocoa, like those of coffee, have been on the increase, and confectionery may be more plentiful one of these times. This__year’s receipts of cocoa promise to be double those of 1942, when imports hit their. low, candy stores went on short hours and chocolate bars were one—or none— to a customer. Users have been on a quota amounting to less than half their possible demand. A considerable improvement in sugar will also help them. The candy bars may be coming back by the time school opens. All these blessings reflect the increasing commerce with Brazil, one of the better neighbors. The larger our wartime exports to a country, the greater our imports from it. West Africa, whence most of our cocoa came, is also back in trade with the United States due to our
| BEGINS S REVIVAL
bution administration
lower. ers jumped to $14.60.
calves and 875 sheep.
"120- 140 pounds 140~ 160 pounds 160~- 180 pounds 180- 200 pounds 200- 220 pounds 220- 240 pounds .. 240- 270 pounds 270- 300 pounds 300- 330 pounds 330- 350 pounds ...... seesaae Mediu 160- 20 0 pounds Packing Hows
Good to choice— 270-300 pounds 300- 330 pounds 330- 360 pounds 360- 400 pounds Good— 400- 450 pounds ..
Medium— 250- 550 pounds Slaughter Pigs
Medun and Good— 90- 120 pound
Choice— 700- 900 pounds 900-1100 pounds 1100-1300 pounds 1300-1500 oo Good— 700- 900 pounds .... 900-1100 pounds 1100-1300 pounds 1300- 1500 0 pounds Mediu 700- 1100 pounds .ceceeee 1100-1300 pounds Common-— 700-1100 pounds Heifers Choice— 600- $00 pounds S310 pounds
600- 800 pounds ... 800-1000 pounds Medium— 500- 9C0 pounds .... ommon— 500- 900 pounds Cows (all weights)
i Connally-Smith law the employees a
{might immediately strike, with no
i penalty —#unless the government|Can
‘should take over .the two affected plants, in which case there would ge possible fines and ‘imprisonment Nor persons encouraging or direct--ing the work stoppage. The dilemma of NLRB was cited today by labor authorities as a! isample of difficulties ‘continually arising from labor laws which have been enacted without being thor‘oughly correlated. It was advocated ;that congress should make a study of all this legislation to avoid {future conflicts, and it was also ‘urged that administration of all
‘labor laws should be under one Medium
i authority, instead’ .of the resent half dozen or more—includg the department of labor and: its wage-hour division, the NLRB,
ose national war labor board, and |Medium—
he agencies dealing with Taiirond ‘labor. The Springfield result was regarded as giving district 50 another claim to recognition when the A. PF. of L. soon faces the question ‘of taking the United Mine Workers back into affiliation. That ques‘tion may be acted on by the A. F. of L. executive council, which starts : summer meeting next Monday Chicago, or it may be deferred iB for final decision by the A. F. of ,L. national corivention in October. . District 50's active organizing has + built up numerous jurisdictional \conflicts . with both A. F. of L. {pnd C. I. ‘O. unions, and its cur‘rent statements. indicate its officers fore in no’ mood to give up without.
5 struggle.
BACKLOG INCREASES
PHILADELPHIA, Aug. 6 (U. P.). be ‘present ‘backlog of unfilled rs of Baldwin Locomotive y | Works is 11 per cent ahead of a ‘year earlier, and is sufficient to allow : higher production schedules : for the company and its subsidiaries {ihrough 1944, President Ralph Kelly
"American Radiator & Standard ‘Sanitary Corp. and subsidiaries 6 ;months ended June 30 net profit $2,389,523 ‘or 22 cents a common : Eo vs. $2.50 o or 20 cents year
, » ’ #
Bulls (all weights) (Yearlings excluded)
Good *all weights) Medium “CALVES . (350) Vealers (all weights) Good io choice Comm and medium Cull 5 1bs. up)
Steers Choice— 500- '800 pounds 800-1050 pounds Good—
- 500- ‘800 pounds 800-1050 Da
500-1000 0 pounds .. Common-500-900 pounds
Calves (steers)
Good and Choice— 500 pounds down
500 pounds down Calves (heifers)
Good and Choice— 500 pounds down Medium— 500 pounds: down
} Ewes (shorn) Good and choice
Spring Lambs
ood and choice Medium and good
By UNITED PRESS
Lbs. Bring, $14.60 Top; 5375 Received.
Prices on hogs under 225 pounds were steady at the Indianapolis stockyards today, the food distrireported. Heavier weights were 5 to 15 cents
The top for 200-220-pound porkReceipts included 5975 hogs, 400 cattle, 350
[email protected] esescessnens [email protected] . [email protected] [email protected] . [email protected] veo [email protected] [email protected]
13. [email protected] [email protected]
[email protected] [email protected] . [email protected] . [email protected]
12.30 12. 15017. 40
2.65
130081800 15.00@ 16.25 [email protected] [email protected]
[email protected] [email protected] [email protected] [email protected]
[email protected] [email protected]
[email protected] . :[email protected]
[email protected] . [email protected]
8.50
Feeder and Stocker Cattle and Calves
. [email protected] [email protected]
12.00 «. 11.76
13:25 13.00
@10.75
[email protected] [email protected]
[email protected] SHEEP AND LAMBS (875)
[email protected] 11.75 9.75
13.00 11.25
BUSINESS AT A GLANCE|Z
American Metal Co., Ltd, and
30 net profit $1,376,086 or 96 cents a common share vs. $1,077,175 or 72 cents year ago. Black & Decker Manufacturing Co. and subsidiaries 9 months ended June 30 net profit $887,837 or $2.28 a share vs. $995,616 or:-$2,55 year ago. Allis-Chalmers Manufacturing
income $3,488,186 or "$1.96 a share vs. $2,087,480 or $1.17 year ago. Hamilton Watch Co. 6. months ended June 30 net income’ $262,121 or 42 cents a common share vs. net loss $38,661 year ago.
iaries 6 months ended June 30 net
$5,426,282 or $2.46 year ago. Newport Industries, Inc. 6 months :nded June 30 net profit $350,087 or 5 cons & stare, vi WIRES & 45 cents year ago.
v
“SERVING 7 INVESTOR
ACTUAL information on securities, sO F i esa to intelligent investing, has ; supplied by us to our clients for more ol piles pi We believe you too; as : an investor, will find this a useful service.
omsoN & MEKINNON |i
MEMBERS NEW YORK STOCK. EXCHANGE
+ < *
subsidiaries’ 6 months ended - June e
Corp. 6 months ended June 30 net
National Steel Corp. and subsid-|
profit $5,218,015 or $2.36 a share vs.|OM
‘| Servel ie Shell Un Oil.;. {Std Brands..... 7% Std G&E 4 18td O onl ves 38Ye
shipment of war supplies in that direction. . Bananas are another tropical commodity in which the supply
‘|would improve if ships were going to Central America. Only essential |
supplies are moving there now, so the receipts are still down to 15 per cent of normal. '
More Time to Load
Coconuts and coconut oil should be available in larger quantity before long. Perhaps also chicle, for chewing gum, and cinnamon and other spices. Improvement in sugar supply is
of ships in the trade with Cuba and Puerto Rico. Cuban planters were talking recently of possibly unrestricted production next year. Not the least evidence of easing in ocean shipping is the time the vessels are now permitted to take to load return cargoes. For a long time they were so badly needed the days could not be spared even for reloading. For such reasons the receipts of tea from Ceylon and India are improving. Tea is not rationed to the consumer, but it has often been hard to find in .the stores. Prospects for tea are said to depend on the quantities of goods shipped to the forces in India. The . recovery on the seas has made the outlook for paint materials a trifle better, according to people in the industry, but the demand for finishes for military apparatus is still. increasing and civilians must wait a long time for any recovery in retail inventories. Imports of flaxseed for linseed oil from the Argentine were stopped for a long time, but shipments are now on their way again. A new and growing demand for. linseed comes from Russia, where it is used for food. Seems they like it—they have always eaten linseed oil. Castor and tung oils, also used heavily by. the paint industry, have shown. no improvement and are strictly on the
28 priority lists. 50
Maybe More Olive Oil
Several commodities of lesser volume but no less importance are also
of cinchona. bark for quinine are increasing, but figures are not given out. Chile is soon to be shipping much greater quantities of copper. Olive oil may be coming in from Sicily before many more weeks go by, the first in over 18 months. Arrangements are soon to be made for the resumption of private trade with North Africa, and we may be getting more. goatskins and birdseed. -World trade -is is unmistakably reviving, though the improvement is small. Some of the post-war recovery is starting now, prepost-war.
N. Y. Stocks
Low 2% 37% 85% 12% 87%
Clod cS ose Change AY — Ee 3s — Ya 8% + Y
12% — % 8% —
Allegh _c ul Or] oe Allis-Chal P
13 — ! Bik -_— =% agit — % 3014 -_— —i% 25%
Edis «ce 22% Cons Vultee A. Corn Prod = 584s Dome ‘Mines. . ‘| Douglas Age .
Nes
es see sree
nd. Rayon. .... Int Harvester.. Int N ; Int T&T Johns-Man . Kennecott .,.. 3 L-O-F Glass .. Minh
n .Hny Nash-Kelv
CT
CEReSE
ese
PEER LLL LIT TE
Sid Oil ) 4.35 sid oll Ri Stud 1
EERE
RUE mE BE SEER ssw x
I
due mainly to the greater number |
coming. in larger quantity. Imports?
XR -
mony for the Standard Margarine Co., Inc, division of Standard Brands, 1102 Roosevelt ave. next Wednesday on the plant’ grounds will make ‘the firm the first margarine manufacturer in the nation to receive recognition for excellence in war production. The pennant will be: given to a company which increased its output from 1,601,000 pounds’ in 1931 to more than: 60,000,000 in 1942. The plant, which ‘was founded in 1920 by Frank W. Abke and George Sonnich, is said to produce more margarine than any other single plant in the United States. : The firm was acquired Wy Standard Brands in ‘December of last
year. ‘The formal ceremony is to begin at 2 p. m. The “E” flag, presented by Brig. Gen..Trelawney E. Marchant, inspector of training at the 5th service command, Ft. Hayes, Columbus, O., will be accepted by Mr. Abke. Lt. Cmdr. R. W. MacGregor, inspector of navy materiel
175 employees of the plant.
An army-navy “E” award cere- #
Lt. Cmdr. MacGregor
Governor Schricker will deliver
the mainiaddress. A band and color guard from Ft. Benjamin Harrison also will be on hand to lend
A] | |
Schedule Includes Margin Clerks, Messengers,
Cageheads. \ NEW YORK, Aug. 6 (U. P).—
The regional war labor: board has
announced a wage scale for brokerage workers - ‘ranging from $18 to] $82 weekly as the approvable rates governing decisions’ on requests for wage . increases for such employees. The rates apply in metropolitan New York and northern New Jer-
commodity and security house and investment banking employees. Rates for commercial banks and insurance firms are not included, but | are being worked out, the ‘regional board explained. Board approval is required ‘to raise employees: to the
approvable rates, it. was emphasized.
Under the schedule, messengers
'E'| STOCK WORKERS fot
sey, and cover 60 occupations of]
_3000 SHIPS
at Indianapolis, will present thela festive touch to the occasion. “E” pins which will be accepted by|James S. Adams, president of StandJosephus Sherman, representing the|ard Brands, will preside as master of ceremonies.
IN BRIEF—
Hyman J. Unger, president of the Leader store, 140 E. Washington st., reports the purchase of the Julius
Clothing store in Delphi. 2 8 = “Indiana’s compulsory egg law, enacted by the general assembly as a means to prohibit the sale of rotten eggs by retailers and wholesalers, is being vigorously enforced,” reports E. R. Menefee, executive secretary of the state egg board and Purdue university poultry specialist. 4. 8s 8 = , Officers of the Amalgamated Clothing Workers of America and the ‘Clothing Manufacturers Association of the United States have filed their notice of intention to form the Amalgamated Life Insurance Co. Inc, as a stock insurance corporation under New York state laws. The corporation will have an initial capital of $300,000. 8 2's Bendix Aviation Corp. had net sales of $643,148412 for the nine months ended June 30, an increase of 116 per cent from $297,684,361 in the corresponding period of the Previous fiscal year. os 8 8 Alreraft propeller blade production of American Propeller Corp. during the first half of 1943 was more than double that of the yearago period, William F. Wise, Sages tive vice president, said today. Th company’s backlog of orders ‘is vo nearly twice that of a year ago. ® ” 8 Monetary circulation crossed the 18-billion-dollar level for the first time in history during the week ended Wednesday, reflecting month-end payrolls and heavy vacation demands, the federal reserve system’s condition statement disclosed. . . ” 8 2 The recent decision of the quartermaster depot to defer deliveries up to 50 per cent of goods slated for the depot in the months from September to December will release larger supplies of = civilian wool goods, with most of .it replacing civilian men’s wear, Wool Associates of the New York Cotton Exchange, Inc., reported today. 2 ” 2 ‘The Netherlands government has announced the creation of machinery to freeze in their present location assets driven from the country to Curacao and Surinam by the Nazi invasion. » ® » Net profit of Radio Corp. of America and domestic subsidiaries amounted to $4,918,794 or 24 cents a common share for the first half of 1943 compared with an adjusted net of $4,996,017 or 24 cents in the com-
¥s | parable 1942 period.
» s 2 The justice department of Pennsylvania ruled today that Ohio casualty insurance companies may not write workmen’s compensatioh insurance in the Keystone state, “Since Pennsylvania companies are
% | prohibited by an Ohio statute from
writing workmen’s compensation insurance in that state.”
LOCAL. ISSUES
Nominal quotations 2 Jurnited by Indian. deal Bid" Asked Agents Fin Corp Genrer csessvese 1% Aven}s Bilt Corb. Pld + cepennas 3d Belt R Stk Yi Belt R Stk 4H 6% 6% pid . ssscans t 8 Bobbs-Merrill com Soikescupeay 3% - . Bobbs-Merrill sar pid Hing,
&8 A Com. Tose Indpls Water Class A 3 Lincoln Loan Cp 5%. ro IR nes 3
d "pub ‘sere Sih Pid Vid... 5.
‘com : So Ind G & E48: prd! aeant Stokely FA pr’ Uni Tel Co
- ip gut
Pllassrcarases
shessnenne,
“ * . +
of he Bd :
pd i
2 sz
id %
B & 8
§ 2 : 2
BEER gees $ife gis oot
i
Wi
Gun i sgid
} isk: BE
'44 GRAIN SHORTAGE SEEN AS POSSIBILITY
LAFAYETTE, Ind. Aug. 6 (U. P.). —An immense grain. shortage in 1944 is a “serious possibility,” Dr. Fred H. Leinbach, University of Maryland animal husbandry department head, said today. Leinbach spoke at Purdue university, on the need of a livestock conservation program. “Indications are that we face a 700,000 bushel shortage of grain supplies in 1944—which would be sufficient to produce, 39,500,000 head of 200-pound hogs,” he said. Leinbach pointed out that in 1942 producers lost $418,000,000 from livestock diseases and parasites.
U. S. STATEMENT
WASHINGTON, Aug. 6 (U. P.).—Gov. ernment expenses and receipts for the ourrent fiscal year through August 4 compared with 3
Expenses ...$ 7, War spending 68,839, Receipts .... Net deficit .. Cash balance Working bal.
Public debt . Gold reserve. 44, 665,
INDIANAPOLIS CLEARING HOUSE Clearings ..... spteesouely esses: $ 5,876,000 Debits 18,471,000
are listed at a single rate of $19.50 a week and have a wage-rate range of $18 to $21; bookkeepers and secretaries at $30 per week, with a range of $27 to $37, and’ margin clerks at.$47, with a range of $40 to $56. Highest wage rate under the schedule is that of head bookkeepers, cashiers and cageheads, abt $72 a week, ‘with a range of $62 to $82.
Sees Flying Auto When War Ends
LOS ANGELES, Aug. 6 (U. P.). —For a flying trip, you back the family auto into the nearest parking lot, hook on the combined wing and outrigger tail assembly and you're off to spend the weekend with Aunt Suzie in Hoboken. “That’s all there will be to it in post-war flying days,” William B. Stout, head of Stout research division of Consolidated Vultee Aircraft Corp., predicted today. Stout envisions flying passenger autos and trucks, planes that will fold their wings on alighting and run along highways on four-wheel landing gear. Heliocopters with improved design to fly straight
ear. 3s3| up, forward, backward and side~-
ways will be landing on rooftops, he said. These new sky vehicles will, be offered for mass production immediately following post-war recohversion of current warplane factories, he predicted.
nr
This is what it took to invade Sicily July 10, President Roosevelt has revealed, More of the same followed up this initial invasion force.
SUSPEND MEMBER ON NEW YORK CURB
NEW YORK, Aug. 6 (U. P.).— Fargo Balliett, New York curb exchange member since Oct, 9, 1929, hsa been suspended ‘for three years because of violation of articles of the exchange’s constitution, the board of governors announced today. Balliett’s suspension was said to be on charges of alleged misstatements ‘made before the committee on business conduct investigating entertainment expenses of the former firm of Mayer & Lann, of which he was a floor member,
DIVIDENDS TO CONTINUE
NEW YORK, Aug. 6 (U. P).— General Motors Corp. common stockholders will continue to receive dividends on a reduced basis for the duration because of increased taxes and the need to accumulate post-war reserves, Chairman Alfred P. Soaln Jr. said yesterday. .
LOCAL PRODUCE
savy breed hens, 24%c; Leghorn hens, a els, fryers and rosters, under § s., c. Old roosters, 16c. Eggs—Current receipts, 54 lbs. and up,
34c. Graded E| ade A large, 43¢; grade A eign, Ser ede A small, S6¢; grade Butter—No. 3, 80c. Butterfat—No. 1,
49c; No. 2, 46c.
other grains.
Wrest. R Rye ies Strong ~ Oats Mixed in Early
Chicago Trade.
CHICAGO, Aug. 6 (U.P). futures developed a steady " tone on the Board of Trade today. At the end of the first hour whe: was up % to % cent a bushel; off % to up %, and rye up %
$144% @%; oats unchanged 1% from T1@T1%, and rye up 1% from $1.02% @ %. Wheat strengthened on the ing under mill buying and the ket showed little evidence of selling, the bulk of pfferings al parently coming from local \
| Rye opened independently eal under commission house se
later firming in sympathy with Trade held to small
volume as scant interest.
this market received
Oats advanced to 71% cents - :
bushel under northwestern but declined to around Pp levels in later dealings.
Incorporations—
Schacht Rubber Co. Inc., Indianapolisy amendment changing "name to Firestone Industrial Products Co., Inc.; changing address to 1607 Division st., Noblesville, and agent to John K. Mason, yb ade dress; also changing number of | diregs
Indianapolis;
tors to five.
Franklyn N. Gates and Byron registration o; “Spiracol,” ‘class 8, - chemicals, \m and pharmaceutical preparations. Hoffman Bros. Co., Ft. Wayne; ment of F. E. Hoffman, 922 W. Ft. Wayne, as resident agent. Pierce Flying Bervice, Inc; ¢ agent to Milton E. Fry, Muni port, Wayne. ‘Alexander Bros., Pennsylvania tion; change of agent to I. 602 Ray. st., Indianapolis Apex Coal Corp., Ind
T} ggart,
trade-mark, 8
Taatieln
DAL a
RE
anapolis; ish
of resident agent to Crutis Crist, | 250
Belle Vieu' pl.,
Indianapolis. Missouri-Tlin ig. Tractor & Equip! polis; change of . D. McCord, 951°
Co., Inc., Indi agent Robett dated bldg., Indianapolis. United States Concrete Pi corporation; admitted to- deal pipes. concrete materials, arine tion; admitted stone, rock, clays, ores, metals, and construction materials, ete. J. A: Rosse & Co, I
oe
shidont :
increta
product Transit Co., Delaware orporas deal in sand, gravel,
building
1linois corporations
admitted to engage in AT and.
building busin Dreibelbiss iy of Title
Wayne; acepting the provisions of FA ; ares
1920 general corporation: act;
having a par value of $100 each. Hammond Chemical. Service, Inc, Hame mond; amendment changing the co Jats name to Solvents Recovery Service,
Bank Building & Equipment Ametica, Delaware corporation; to engage in the manufacture, installa on of bank, store, office
Batures od Oil Terminals, corporation; ' admitted - to
wholesale petroleum Niu
OPEN SATURDA AUGUST 7th your convenience
Plan your downtown shopping trip tomorrow just/as you always do.” You'll have ample opportunity to fill your every need from fresh stocks of seasonable merchandise attractively priced. Here are the downtown stores that will be ready to serve you on i Saturdays as ‘usual. Check them over for your own convenience.
Y
- These Stores Will Be Open Saturdays August 7th, as Usual
(ne,
ASKIN & MARINE . 127 W. WASHINGTON ST.
Open Til 6 P. M.
"The CHICAGO STORE ‘ -146 E. WASHINGTON ST. Open Til 6 P. M.
*EMRICH FURNITURE co. . © 324 W. MORRIS ST. Open Saturday 8:30 A. M. to 9:30 P. M.
yo
\
a a : vB
& a “y
Sel os «
KINNEY FAMILY SHOE" §TORE
138 E. WASHINGTONST, "Open Saturday 9:30 AM. to 9 P. M.
“4 »
LIVINGSTON'S | gh Ww. WASHINGTON ST. "Oyen 7 6. PM
MOSKINS CLOTHING co. 131 W. WASHINGTON ST.
_ Open Til
6 P. M.
*ROSE ‘TIRE COMPANY, Inc. » 930 N. MERIDIAN ST.—RI-8358 Open Til 8 P. M ;
SACKS BROS. ““... CORNER ILLINOIS AND OHIO Air- Cooled for Your Coli fort--Open "Til 10 P. M.
SEY MOURS 141 W. WASHINGTON ST. . Open 'Til 6 P. M.
2 The STAR STORE i
360 W. W.
WASHINGTON 8 a . open Til » P, ree.
Corp. ' of admitt sale a
ahd. bap
isha: "8