Indianapolis Times, Indianapolis, Marion County, 3 December 1943 — Page 39
AR CONTRACTS or SEVERE RDCAL PINES wet See CONTRACTS The current word for such a mis-| fortune is “cut-back” but they all mean the same thing—less
work temporarily at least, people hunting for new jobs.
These cut-backs
involve ‘mostly ordnance—armor plate,
100
0
FA
gu
13600 Held Over | Over From Run
Yesterday; Prices ~ Unchanged.
0 |
i
40
—_—
4,
2
An estimated 6350 hogs were received at the Indianapolis stock-
| {yards today and 3600 were held
{over from yesterday, the food dis.
~ {until six months after the war,
50 THEY SAY=]
Producers federation appealed to congress today to defeat the Maybank bill, which would remove federal regulations on the manufacture and sale of colored oleomargarine
» » » The war advertising council Feld today -that enactment of either the Bankhead or Cannon bills providing funds for advertising war bonds
The National Co-operative Milk|
Other Steps Sough By N. A. M.
NEW YORK, Dec. 3 (U. P.
post-war policy of internationalism for the Uiiited States was
would be a wastefu) government. 1odny by the National program and would hinder the wariof Manufacturers.
tank parts and the like. Among the firms involved are E. C. . Atkins Fall Creek ordnance plant (armor plate), Holcomb & Hoke (tank parts,) Zenite Metal (land mines) Xniversal Gear and perhaps another or so.
{tribution administration Repaid. Tog | Prices were unchanged with a |effor The N. A. M's {top of $13.80 for good to choice 200 $a. {also proposed cre py amit to 270-pounders. Receipts also in-| President Willlam Green of the | p crea {cluded 400 cattle 350 calves anid] American Federation of Labor today | ternational body to regulate aff
1927 1020 1929 1930 1931 1932 1933 1934 1935 1938 1037 1938 009 1940 1941 We? 194)
Indiana business in October receded from the all-time peak of Seplember and dropped fo the level
sm EY I raN TC
#
2 ip
The reatons may be many. Perhaps the army ordnance
| thai
: i BS. 8 Feisl
; 5 fait SiH
that of being able to hire help they want—is being realized... Again, the best informed persons here shake their heads.
‘That 800 won't. be a drop-in the
number of w i other War plants here need. In all probability they will be able to get jobs with no trouble. Even if there are more contracts canceled, as is certainly probable, and thus more workers released, they can be readily absorbed for some time yet.
eys aren't completed, but it is close. That is a net increase which does not count replacement of workers drafted.
Those who remember when In-
Gianapolis was put fn the No. 1
“REED'S GROGERY
_—
| prograin manpower shortage class Oct. 1 will was too ambitious in the first place. | remember the shortage then was - there Wout, be as much
placed at 8000 workers. Obviously,
facturer can get along with fewer workers or get more production out of his present force, his payroll is smaller proportionately and there-
fore his costs lower and for cutting
costs he may get a bonus. This is. a departure from the‘old system of “government underwriting the , whatever they were, which led “manpower hoard-
had no incentive not to keep all the labor he thought he might need, come draft, new contracts or what not. Well, to get back from this digression, - the manpower situation: 0 is improving. “Many plants are improving the use of their manpower. There is a" faint possibility. that Indianapolis might go back into the No. 2 class by Jan. 1 although it would be more realistic to set Feb. 1 instead, providing those in Washington see the picture as it is seen out here.
months, That seems rather farfetched unless they are counting on rmany and Japan both to crumble in a month or so. Such gloomy predictions may have been made. with the view of- instilling the
¢ not the best
One thing that should be kept mind about our manpower pros-
way to
keep busy for some time yet. x »n ” “ ODDS AND ENDS: American Telephone & Telegraph Co. had nearly 650,000 stockholders as of Oct. 31...1Ind cartoon movies are Walt Disney's latest plans . . Ton-miles of freight hauled in the first nine months this year rose 18% over '42, according to the Association of American Railroads « +» + U, 8, imported 5,000,000 gallons
of alcoholic liquor in October, double a year ago's imports . ; The Indianapolis’ Better Business Bureau tells about a Cincinnati woman who “had a friend” in southern California who offered to buy some nylon hosiery in Mexico for $3.50 a pair; she did but they were only rayon. r
DAILY PRICE INDEX NEW YORK, Dec. 3 (U, PP). Dun & Bradstreet's daily weighted price index of 30 basic commodities, compiled for United Press: (1930-32 average equals 100). Yesterday soccoovecesscses...160.18 Week ago renene esses 160.49 th ago 4980000008000 0000 171.43 WORE B80 +.ov rx ixvv200e04vss:10290 1943 high (Oct. 15) ceenesss173.30 1043 low (Jan. 2) ..........16661
bureat of business
Raich wie mafninined dusing ses of the summer, csonting Yo the Indes propared by Indiana university's
-
ASKS REVIVAL OF STAMP PLAN:
Bankhead Says Subsidies Could Be Scrapped, Poor Helped.
WASHINGTON, Dec. 3 (U. P).— Senator John H. Bankhead - (D. Ala), proposed today that the government scrap its subsidy program and adopt instead a plan to help low-income groups solve their food
problem by giving them food stamps similar to those issued in the depression years. Bankhead, a bitter foe of subsidies, made his proposal as the senate banking committee --continued hearings on a house-ap- |, proved measure to prevent governs ment use of subsidies after Dec. 31. Noting assertions that » ban on subsidies would increase food pricés, Bankhead said a food stamp plan would protect the low-income groups but would place on those earning high wartime wages the Seopa of paying their own He contended it would cost less. “than ‘the. subsidy program,
OPA Ald Objects
The current payment of subsidies tc food producers, Bankhead said, affects rich and poor alike but “with food stamps we can § ize the low income groups and we t have to pay subsidies to Mr. Rocke~ feller and Mr, Ford.” “Jean P. Carroll, head of ‘the office of - price administration food price division, declared it would be unfair to place certain groups in a “special class,” and OPA Chief Chester Bowles, another witness, left the idea entirely up to congress. Bowles and his associates appealed for continuation of subsidies, warning-their abolition. would. bring a”10 percent Increase in’ the cost of |, living by the end of 1944 and thereby stimulate demands for higher wages. This, they said, would spur the inflationary trend that OPA is seeking to check,
DID FLY GET NAVY
|AID FOR OPPOSITION? 1.2
WASHINGTON, Dec. 3 (U.P). ~Charges that a high-ranking naval officer -has been “practically cashiered” because of his opposition to Chairman James L. Fly of the federal communications com-
[tee inquiring into the FCC, it was disclosed today. FCC Commissioner T. :A. M. Craven, who has opposed many of Fly's policies, told the group yes-
and placed on the retired list” because he objected to Fly's “domination” of governmental radio activities, including those of the army and navy. Committee Counsel Eugene L. Gatey testifiéd he had discussed the
~ ABOVE LAST YEAR
IN BRIEF—
“Newspaper — or ¥adio sta-|" tions may soon be prohibited by the federal communications commission, according to Commissioner T. A. M. Craven who opposes such a move but said he believes his colleagues will recommend the ban. . - .
An informed OPA source predicted the plea of Denver dairymen for higher milk prices would be refused.
. » 8 . Bank clearings in 23 leading cities in the holiday week ending Dec. 1 slumped 129 per cent from the previous week but volume of $7,667,517,000 was 0.3 per cent over a year ago, Dun & Bradstreet reported. ~ » . . Civil engineering construction awards in November fell sharply from a year ago although private] building reached a new high since | October, 1941, Engineering NewsRecord reported. rr . ” A 50-hour train trip from New York to Los Angeles or San Fran- i cisco in streamlined, ‘stainless steel sleeper-coaches at a cost of $70 for fare and’ meals was envisioned for} post wy travelers today by Edwsrd Gr. Budd, president of the Edward. G. Budd Manufacturing Co., Philadelphid; “makers of railway equipment. :
=n » The Minneapolis & St. Louis Ralilway Co. was in operation today as a private corporation for the first time in 20 years and holders of $2,015,000 {in new. general mortgage bonds wese assured by President L. C. Sprague that the bonds will be redeemed early in 1944. The road was in recelvership since 1923, ’ . y= t Herbert U. Nelson, executive vice president of the National Association of Real Estate Boards, said today that the governthent “public | Jas: proven: 10° be a mistake” and asked for a con~ gressional investigation into the costs of the subsidized public housing projects. : » » »
A warming that unemployment threatens the aluminum industry unless “some civilian production Io rong, was voiced today by
Zonarich, president of the c Lo Aluminum Workers of
October retail sales of $5,717,000,000| A
eps 5 per cent over the 1042 pe-
the: commerce department|? Hod, today, but wholesale trade Balt & O
ran 6 per cent below a year earlier. # - w
Greyhound Corp. reported a profit Sof & Cons ‘sdieon pt 1031 % Cons V Airc pt 18% Corn Prod 12 Curtiss-Wr
$230 a share in the correspond-| pai
of $8546,14¢ or $3.02 a common share for the first nine months of 1943 compared with $6,811,585 or
fifth consecutive month, the Asso~ ciation of American Railroads reported today. Combined net income ; amounted to $76,600,000 after interest and rentals, compared with $135,538,275 in October last year,
CLAIMS: INSURANCE
PROFITS FALSIFIED £5
EXPECTS MORE
stores,
Allegh Corp .. - Allis-Chal ..... Am C .
Nat Cash Reg :
pen
USE FOR WOOD
“Saved Last Year,
Engineer Says.
NEW YORK, Dec, 8 (U, P).—
Frank J. Hanrahan, structural en-|yedium-— gineer of the National Manufacturers predicted a post-war trend towards | greater use of wood in construction, | but said that there is no danger of | | Chotoe jour forests becoming exhausted.
Lumber
association, today |
{
He also told today's fifth- session
lof the week- long 64th annual meet- | tv {ing of the American Society Mechanical Engineers
of | here that
timber construction saved 800,000,-
000 pounds of structural steel in Hoa 1942.
Much of the war-time building
with wood would not have been pos- | C} sible, according to Hanrahan, were!
t not for two modern developments
—timber connectors and glued laminated construction.
“After the war,” he declared, “this
technical knowledge of modern tim. ‘ber - construction cannot do othierwise than accelerate the trend,-evi-dent before the war, toward more wood construction.
“Fortunately, with the forest con-
servation measures under way, our country need not fear exhaustion of the wood supply--our greatest renewable natural resource,
«‘Some-industrial--fumber- operas
tions are set up on a permanent basis whereby enough forest land is farmed to permit continuous harvesting of the tree crop. That is, by
he time the land has been com- |
pletely cut over ‘once, the tree crop! 300.2080 pounds on the land initially logged is again 800- 800 pounds ready for harvesting.”
Five thousand young women trom|
in timber |
“N.Y. Stocks
Net Low Last Change 2% aN... 34% + 80% 12% 8%
| Belt
"ag bacon Loan Co 6%%
vo |N Ind Pub Serv 6
Y Central . Y Sh
2000 sheep.
GOOD TO CHOICE HOGS (8500)
130+ 140 pounds .. 140« 160 pounds 160+ 180 pounds ... 180- 200 pounds 200- 200 pounds ... 230+ 240 pounds ..; 240~ 270 pounds . 270- 300 pounds ... 300- 330 pounds '... a Nn pounds
13 106213.30
800,000,000 Lbs, Lbs. of Steel 00: To hic
Good to Cholea— 270- 300 pounds 300- 330 pounds
re 13 Joa. 40
called on: President Roosevelt to! see that German workers are given the chance after the war to work out a democratic solution of their problems. ‘He sald reports that Premier | Josef Stalin would demand. German! {conscript labor to rebuild devastatled areas in Russia “bear all the earmarks of axis propaganda,” and 00/ declared the A. FP. of L. would oppose with all its power “any attempt to, enslave the workers of Germany or any other country when victory
and recommended.
transportation,
| restoration of international organs
izations such as the world court, universal postal union, internation al labor office and the international office of public health. “We are not international alfeds
{ists when we say that sustained
prosperity and well-being in the postwar U. 8. will largely depend on the maintenance of world-wide peace and order,” the committee stated, “and the absence of economic stagnation in other important nae
offices and. homes are; n= So. gaged as “lumberjills” . production in England, George R. Good and Cholce— Thompson, war production board | 20,1000 pounds . Jumber specialist, told the engineers,
| Common and mellium
" Medium and good
reve 4 2 | Comwith wis o ba ‘are 1
. ‘com s | Home Drug C nt Wayne pe
‘ Van Camp Milk com.
s | American Loan
330- 360 pounds ,..
360 400 pounds tions.”
Internationa) agreements by this or other nations “would not be a surrender of national sovereignty, but actually an exercise of sove ereignty,” if such agreements are accomplished by constitutional means, the N. A. M. declared,
a ——
PRETZEL FIRM SOLD ELIZABETH, N. J, Dec. 3 (U, P).—~Holtzman's, Ine, of Myers= town, Pa. orie of the nation's largs (st pretzel producers, has been pur« {chased for a eash consideration by Burry Biscuit “Corp, it was ans, i nounced today, Terms were not announced,
is won.” ~ ~ LJ Ralph D. Ward, board chairman {of the American Bakers’ assocla- . [email protected] tion, said today that the new flour | subsidy is in no way a “bread sub10 60@ 11.28 'sidy” and will not give bakers any relief,
Good 400- 450 pounds 450+ 550 pounds
12.3012 80 12380130
250+ 580 pounds . Slaughter Pigs
Medium and Good ~ 250- $50 pounds CATTLE (400) Steers . . nn = 18 954216. 2 America’s largest and most im-| 18 25a 16.25 portant post-war market will be 3 Nal Russia, Harland H. Allen, chairman 3! Of the Chicago Council of Americanr8Saviet Friendship, sajd today.
~1300 pounds © 13 2864015.50- » » » 1300. 1500 pounds Cees veen.. VTSER16 50! : Maun. N
100 Ponnds 30.50013 0 Any Increase in taxes imposed on 1300 pounds 10.759 13 1 corporations and individuals in the | {700-1100 pounds ihiiddie and higher income brackets would be “futile and dangerous” in 13.5081 so! the opinion of American business! C14 [email protected] men who believe the treasury's 12 5a 14 so NCeds for new revenue should be . 13.004 14 » met witha general tax bill, accord10 Bann ing to a & GuaTinty Trg Trust Co, survey.
- 900 pounds o- 1100 pounds 1100-1300 pounds 1300-1500 pounds
1128@16 2
T00- 900 pounds ...o.uiiieann 13200 18.25
350. 1100 pounds
Chon 800 pounds 8%. 1000 pounds Good - 600- 800 pounds 800-1000 pounds ...i.eeee Medium 500- 900 pounds Common — $00- 200 pounds Com Ji sah Good Wy 10.25 Medium [RB Cutter and common 2 Canner
Point Thrifty
GRISCO ? 3h, 60
2.000102
“ AD COUNCIL HITS "| OVER-CONFIDENCE
102501150 NEW YORK, Dec. 3 (U, P).— 10 00@ 11 0|Overconfidence is “insidiously pene. | a trating the public mind” the War, CALVES: (330) ] Advertising council asserted today, | “Wanters nell weigher pnd the-wdvertising tndustey- “mult §- Good to aoe 1s pans 0 take the lead in rounding up home| Cull (78 tbs. up.) 5.50@ 8.00 front slackers who are prolonging! Feeder and Silocker Tattle and Calves [the war.” ors Red Cross blood bank appoint. | [email protected] iments shrank 50 per cent with the! 1023G11.50 news of Italy's surrender, the council sald, in a inessage to the industry. It charged that the black market: is _growing, thousands of {rained- ‘women. are Scrowding do partment stores dnstead of hospitals and factories . because their men folk are “in the money.” and salvage activities have decreased. “Whatever we of the advertising | industry can do is a pretty small thing compared with having your head bashed in or being blind for| the rest of your life. Sure, we have a perfect right to talk about our war products, our essential civilian products and our war contributions, but we don't have to do it in such A way that it almost makes a boy in Bougainville want to throw up" |
a1 Bal 0042 ne
Bulls al weights)
Bau Good tol wegihts) Mediu Cutter | and common
holee— 500- 800 unds
9.50410.35 [email protected]% S350 9.28 + 8759-008
vi080 pounds '
"300: 1000 pounds
300-900 - peunds A. Calves (steers)
500- 900 pounds ‘ . 900Q@11L38 Calves. (heifers) Good and Chalice [email protected]
500 pounds down oo BIOL SHEEP AND LAMBS (2000)
Ewes (shorn) Good and cholce .
LAMBS Good and choice
ommon
LOCAL ISSUES
Nominal quotations furnished be Indian. apolis securities Snith, Agents Fin Corp Agents Fin Corp + RS Belt R Stk Pds pid. .... Bobba-Merril]
National Container Corp, 9 months ended Sept. 30 net profit! after all charges and tax provi- | sions $584,986.36 or $1.77 a share; 2 months $223,300.67 or 67 cents. |
EARL HOPPING'S REGAL
2720 E. Michigan St,
Delta Elec Hook Dru
ENTIRE STORE OPEN UNTIL. 9 O'Clock Saturday Night!
MEN'S ALLWEOL
Ind & Mich Elec bd pt ind Asso Tel 5%
duis Railways com .. Je is Water pid. . wd pis Water Class A com “ptd Lincoln Nat Life Ins com P R Mailory com ou i N Ind Pub ery 5% pd’ . 1
N Ind Pub Serv 1% Pub Serv of Ind 57% Pub Serv of Ind com .. *Progress Laundry dom .
_Nundreds fo Select From! Repke
*, “ Van Camp Milk Bid:
Algers Wins'w W RR ¢%%.. American Loan Bs
Cent WN a. 42-81.. ew. r % - Ch of Com H Was 6
§
trust Iaws 4 to iat tis}
Leni
Up to the today, Indianapolis flour mills
red No. 3 white oats,
| 7190:
repellents and creams to prevent Sunbais Me pars of the Aghiicy Souipment Wed by oops at the
Rad ... 31% 30%
WAGON WHEAT close of the Chicago market and oe Kor elevators pad 31 $1.51 per sushe) § wheat (other and | He. 3 Shee re ou. oats 3 yellow per and No. 2 white shelled o corn, hie
CREAMS FOR SOLDIERS WASHINGTON, Dec. 3.— Insect
~ STORE ®® The CHICAGO STORE ®* ®
LOCAL PRODUCE lla breed hens, 23c; Leghorn hens, ahem, fryers and hd ootem, Indep : ia ae 16¢. Eggs—Current receipts, 5 Ibs. and up.
42¢. A Graded Eggs—Qrade A %, A medium, ¢4c; grade A jose, 58, S00: grade Butter—No. ho Soc, Butterfat—No. a €
® ©.0® The CHI
490: No. 2, 46.
"GLASSES on CREDIT