Indianapolis Times, Indianapolis, Marion County, 9 December 1943 — Page 34

tends, Whe rae

be more democratic and clean house of abuses. Agriculture, he says, must produce more and do it more efficient Iv. rit should revise taxes to stimulate job-creating risk capital, remove as much regulation As is

me wh ok wo Y and magazine articles abeat him.

E aoe wages “We ought tohave him back to give us a shot in the arm.” He has 2 need—a fresh viewpoint, ideas for a d of Just looking longingly at the “good and the ability to convince others

Ea: \GGRESSIE INDUSTRY TOLD =:

" Witherow Says U. S. Must

Not Fear Industrialization of World.

NEW YORK, Dec. 9 (U. P,).—Advocating a leading part by America in "post-war world reconstruction, William P. Witherow, chairman of the National Association of Manufacturers, said today that business

consistent wtih our economy, and private enterprise the chance | » b be more enterprising. . As you probably know, Mr. John-| ‘ston spoke vefy frankly ‘when he | in England and told business] er there that America does ow to do.business the way they, forming cartels or monopo-

ot |

government, thus stifling any com-| petitive spirit left. “Monopoly is a sissy. way of doing business,” he told his audience here. Whether anyone likes it or not, the British idea has some followers 4n this country. Juan Trippe, head | of Pan American Airways, follows the monopoly line in proposing that this country form one international

among all airlines that want to get in, instead of letting a number of fight it out for post-war

It would seem 40h such timidity going after business is not Mr. ’s way of looking at it beremarked that we ought to “stand up on our hind legs and we do not intend to preside the liquidation of the American system” anymore than does’ Win-

empire, Another significant remark was that there ate believers of Karl Marx in business, government and as well as in some of the more radical left-wing labor unions. They may not think they are fol-

‘but. in practice they are because Marx though class conflict was inevitable and many business, government, agricultural and labor Jeaders séem to think that the only way they can achieve their ends is by conflict. . Mr. Johnston is a great believer In “areas of agreement” Why spend 80 much time squabbling over minor disagreements, he asks, when y be so much easier to start finding the many things we. agree upon and then settle the disagree-| ments. He believes the Moscow and Iran conferences between U. S., Britain and Russia proves the point. | Mr. Johnston believes we are on the threshhold of our greatest development and that we are headed

Jowers of Marx, Mr. Johnston said, | be

imen “must not fear the industrialization of othér nations.” Witherow, who also is president of the Blaw-Knox Co, of Pittsburgh, told the "second war congress : of

| American industry.that “the sooner

we can put debtor nations back on a production-trading basis, the | sooner the wheels of world trade { will start turning to the advantage {of all, and the sooner real peace will come to the world.” Many of the distressed people of the world will need America’s help when the war is over, asserted, and America must be prepared to rush assistance immediately to avert acfual starvation and other needs arising from plunder and destruction,

Attacks ‘Handouts’

“Our compassion for a war-torn world, however, should not fail to draw the line. between sa ne benevolence and maudlin senti- | Good mentalism,” he added. “, , + A perpetual policy of free handouts for the world is not benev‘olence. It is weakness—and of a dangerous sort. Sound charity stops at the point ‘where it ceases to

courage indolence.” Joseph B. Eastman, director of the office of defense transportation, told the congress yesterday that the proper. authorities in distributing tires and trucks should remember that the civilian truck industry was a necessary part of the war machine,

Fears ‘Right-Wing Reaction’

He pointed out that the railroads already were taxed to capacity and

tion were allowed to deteriorate. Charles E. Wilson, executive vice chairman of the war production board, warned of a “long, hard, bitter fight". ahead and called for] greater production of planes, muni- | tions, ships and big trucks in 1944. “Im am deeply alarmed today over the. possibility that a rightwing reaction may draw some sections of capital so far away from our traditions as to imperil the en-

we know it.” he said. He urged industrial leaders - to

{compromise and to “withhold en-

couragement from dangerous men who préach disunity.”

‘Japs Well Equipped’

toward even more of a “middle-elass ! society,” where there will be fewer | of the very rich and fewer of the very poor,

es » INCIDENTALLY, the Indiana. State Chamber of Commerce has! grown im four years to be the big- | ‘gest one in the country, having 3685 | members at the first of last month Back in late 1939, it had only 400- | odd members. ‘Clarence A. Jackson, ! executive vice president, got quite a!

U.S STATEMENT ;

‘WASHINGTON, Dec. {U. P).—~GovSnment. expenses and ts for the

yea hits Dec. 7 compared with a Year An 0: is Year Last Year 3 ids $ 30.100.081, 872 36 687,626,153 |

Ses

167.000 {Trade today.

The WPB's long-war belief, Wilson said, ‘was based on German loyalty to naziism, “substantial levels” of German production, Ges{tapo prevention of Tevolution with{in Germany, and knowledge that

“the Japanese are tenacious, well A

equipped, and better fortified than many optimists expected.” The WPB, Wilson said, was prepared to alter its plans “at a moment's notice and - to substitute other plans, should the war take an {imexpectedly favorable turn,” but|

- few pats on the back for thisaccom- he said that he believed “the air war in Europe will tax both our

efupacity for sacrifice and our capacity for industrial {beyond anything we have experplenes so far

is UY: FREE GRAIN

free imports of all feed grains,

was off % to 1% cents a bushel; oats off % to 7, rye off % to 1%.

was off 7 quotation of $1.21%a.

duty-free for a 90-day period,

But

Witherow | Bee

strengthen the recipient and en- "

warned that war prodiction. would | endangered if truck transporta- |

COST OF THIS WAR |

ring A. G, dominant,

tire structure of American life as|'®S

production

BIL HITS PRICES 5.65

CHICAGO, Dec. 9 (U. P) —Grain int Harvesier futures slumped on the Board of! The bearish trend was induced by the possibility of duty-.

At the end of the first hour wheat

In the December options wheat ‘x cent a bushel from the|N previous $1684: oats off % to % from 81% @%; rye off 1 cent from $1.18%, and barley off 1% on a

All markets reacted to the passage 5 | Of a house measure to permit entry 3 of feed grains into the United States

Here; 6200 Held over From Yesterday. rn Trios ere ethvarts fond totaled 12000 hogs and

yesterday. Receipts also included 950 cattle, 500 calves and 3000 sheep.

GOOD TO CHOICE HOGS 200

Medium * 160- 230 POUNdS .....iciiien [email protected] oh Packing Sows Good to 00m - WE es sens ins res [email protected] 2 J a, 1218@1328 . 12.000) [email protected] 400- 450 pounds , [email protected] 50. 550 Dads [email protected] editme 250- 550 pounds [email protected]

Slaughter Pigs edium and Good

" . 250- 550 pounds 10.00Q.1.25

CATTLE (958) Chol 700- 900 pounds ¥ 16.28 1100-1300 pounds 33081050 nds .... h i 1300-1500 Pounds seiesesnsreesr [email protected] Good~ 700- 900 pounds ..... , 25915.25 900-1100 pounds . . 11a 15.25 1100-1300 pounds .. . 15.50 1300-1500 pounds 3 » 18.50 Medium 700-1100 pounds ..evsisesess [email protected] in. 1% pounds .... [email protected] Coo-1100 pounds redrerevs '[email protected] Heifers Cholece— 600- 800 pounds ...........s. [email protected] 800-1000 pounds. ...cccveveees 14.75015.50 Good ~ 800- 800 pounds ...ueveesse. [email protected] 800-1000 pounds ...... nT [email protected] Medium : A, : 500- 900 pounds ...... verres [email protected] Common. } 500- 900 pounds .......0.0L [email protected] Cows (all weights) Good ....iiiiiiiniiiiineess 10.00011.28 Medium . 390410.80 Cutter and common 9. CONNOE ......vsvvineiTonens 6.75 . Bulls (alt weights) Good (all weights) ........ 9.75610.78 Sausage Medium 8.350 92.7% Cutter And COMMON rv r.. 1s 5.975@ 8.25 CALVES (30) Vealers (all weights) Good to chelee .. ........... 23.50 Ja.00 Common and medium ....... Cull (70 lbs. up) -..

Feeder and Stocker ‘Cattle i. ponds

at] the food distribution administration |F

$200 more were carried over from]:

2 HAILS END OF

president of Indianapolis Railways,

DRUG CARTEL

Berge Sees Developments In Synthetic Hormone Industry.

. WASHINGTON, Dec. § (U. P.).— Assistant Attorney General Wendell Berge told congress today that re-| moval - of German strangleholds from the synthetic hormone industry in the U. 8. may lead to significant developments in the treatment of soldiers suffering from stock. _ Testifying before a senate milltary affairs subcommittee studying war - mobilization, Rgrge said that a German-domjnated world cartel, with U. 8. firms participating until American entry in the war, had helped keep from the public the full benefits ‘of ‘scientific discoveries in the field of the vital body fluids. He urged steps to free the field from cartel arrangements. Among the hormones on which high prices and artificial restraints were established by the cartel, he 50 said, were cortin, essential to life, and the male and female sex hormones. Cortin, he said, may be valuable in counteracting shock—

Steers hae 500+ 800 pounds ........ ieee [email protected] 0.1008 pounds .... «es [email protected] canuss 10.25} Co vesesriensee Ht 4 28 | gids 3 POURS ....oonsunine 8.250 9.25 Common $500 900 pounds ............. 6750 8 2 Salve (steers) Good and Choice 500-1000 pounds ............. [email protected] | ediym 500- 900 ov [email protected] Calves (heifers) Good and Chowce— 500 pounds down ............ [email protected] | Medium 500 pounds down... ..: 875Q11.00| SHEEP AND LAMBS (3000)

Yearling Weathers

Good and choice ............. 120091275! 0 [email protected] Ewes (shorn) Good and choice ............ s: 3a

M ES eee 13. B@IETS| hy 10.006213.25

Good and choice Medium and good Common

TO BREAK RECORD

Times Special WASHINGTON, Dec. 9.—-Govern- | ment investment in war plants since | 1941 amounts to $18,000,000,000. This is 30 times the amount similarly in-|

vested in World War I. ‘Hampered Research’ LOCAL PROD : Berge said the department of jusUCE tice prosecuted the four American | Heavy ‘breed hens, 3%; Leghorn hens [firms in 1941 for anti-trust violations, and the concerns pleaded nolo Brofl d ve Logo" Sonne ae oe 4 contendere and paid fines totaling roosters $54,000. On Dec. 17, 1941, the deEg | s » ’ ’ et : receipts. 8 The. and wp. ndants were enjoined from further a A med, de; grade. Jorge, the Ay Wd activities in violation of the antigrade, 33e. trust laws. 1e puiitele, 1. Se. Butterfat-Ne. L| Two of the companies, he said, were taken over by the alien propi erty custodian and one of them reN Y. Stock S sold to an independent American . .., company. He said the seizure of the Net (two companies put an end to Ger-! Allegh Corp .. 5%, TqV, last Change! man control, and that from a point | Allied hm Hi 8% — 1 iof view of research they were now | m C REN Hs % | much better off than when “tied to Am Loco .... 14% 14% .... [the apron strings of their parent ww ’ 8 — Ul » Am Rell Mill 13% 1% + 1 German companies. Am a si — %| The cartel seriously hampered reAnaconda | ¥ Pr ats _''y,|search among own members, Armour MM prot 1 un + 1 iBerge charged, and forced its AmerAu Retaing 2 38%: + 'atlican interests to withhold products a f Tg == rom America. | Beth. Steel 1 pt re 1. FR Ls ? latin Borg-Warner .. 38% 35% —- % . Ha — ha LOCAL ISSUES ne Mh — % tan. NN + soi ies essen furnishes = Indian a srg Agents Fin Corp com om sdsnsanse 2” ts My — lsu Flo Cop pide 0 al oy o st we 36-1 3 hah 2% + % a“ no. ae Ne — Y . — & 91% 41% > ; ame LL 3 " ind Asso Tel 5 + Fas nn sess Lind Gen Serv € In 0% 0 —'% Ha at t T&T Por . 13, 13 + Wig P & L com ceesnees MR ohns-Man .,.. we LL % +1 | Railways .s “1% hi Kennecott ... % 30% .... Water pid. .: Kroger G & B.. n% nF i | 100ple Water pid c..o L-O-F Glass . qu 40% 40% — %|pincoin Loan 2 Link Belt .... 35 35 = % Lincoln Nas - 43 Minn Hny .... 78 3h 2% — Nip na Monsanto ... vee 78% BW Ma -—- 0 RR Malo » Nasri, wens “1% 1% - = Yaln<Ind Pub Serv 6% ........s.102 1% Nat Biscuit S308 "Bh Blind pub Serv Top ...aiill3 LIS nai Gant LL 1 se Eup Serial Ind bs vioanciil I ¥ ship oo. 3 10 En rans tom weer as” 2b AY ni 3% . 413 3 So Ind G & E48 d ahassses 104 Pan Am 32% 1% opt -— Suakely Bros, 5, srsssasese 38 18% oo CE nh Pure Oil ut 18 Hi — n Bonds a. Rem Rand .... 15% ioe 8% Ta.08 Wins W RR (4%. St Jos BR B= Bimeian lem on... =n 88% wh — % 1711 M+ Nn 2 20%, AY, ons r : — % . + a = +B aed gE - M — » CY Ya + pe we wh + hl oS we -— ; 1% 1% 11 ;

. s0/In8 spread German propaganda}

6.25@ 5.7% ment's anti-trust division said the

I ARR

a of the largest sources of battle for war ' workers, by privately- | casualties—and is being used by financed conversion of existing {army surgeons here and abroad, structures. » » .

‘Took Latin Markets’

Berge said the largest American | cartel partner, the Schering Corp. of Bloomfield, N. J., was setablished land dominated by the huge chemical trust of Berlin, Schering A. G! After the outbreak of the war in |1939, the American firm took over Schering ‘A. G.'s markets in South America, enabling the parent firm {to evade the British blockade and {blacklist of enemy firms and help-

| tified. The chief of the justice depart-

cartel was composed of five powerful European companies, with ScheThe others were ‘Chemical Industry of Basle, | Switzerland; N. J. Organon of Oss, { Holland; C. F. Boeringer and Sons of Mannhem, Germany, and Chimio of France—each of the first four having ‘an affiliate in this country.

dollars of construction contracted,

| Merril], assistant vice president of

.| quarterly

rate, ed

treasurer,

IN BRIEF—

The temporary agreement between the navy and Standard Oil of California was extended 90 days to give congress more time to decide whether to condemn Standard's properties or adopt a navy-Standard plan giving navy control of operations.

Philip R. O'Brien was nominated for re-election as president of the Chicago Board of Trade. It would be his fourth straight term. » w . Because the new tax hill may put a levy on stock ‘dividends, Spencer Kellogg & Sons directors have rescinded their 100,000-share dividend to stockholders, “until further action by directors.”

” » . Canada permits U. S. motorists driving their cars in Canada to obtain tires or tubes. Today OPA did the same for .Canadians in U. 8. » . » - Instead of taking dividends in whisky, stockholders of Allied Mills voted to sell their subsidiary, Century Distilling Co., to the National Distillers Products Corp. for $27 million. ” » » The FHA said 75 family dwellings will be added at Connersville, Ind.

i Henry Kaiser claimed his three]

Richmond, Cal, shipyards (Permanente Metals, Kaiser Co., Kaiser Cargo) have had 33% fewer accidents than the U. 8. average for industrial plants, Citing insurance statistics showing that one fatality is to be expected for each million

he said the record shows 61 fatalities in $600 million of heavy building, only 10% of the average. : : t » » . Hercules Powder Co. closed the Belvidere, N. J. plant, built for the British and now owned by Defense Plant Corp., and closed the “B line” at its Parlin, N. J. plant. Both plants were filling British contracts. At Belvidere, 1000 were thrown out of work and U. S. employmen: service said it had new jobs for 400. At Parlin, 400 were affected. . = = : U. 8. chemists can produce synthetic menthol, paving the way for ending U. 8S. dependence on Japan for the natural product, Dr. C. E.

United Drug Co., announced.

. . 8 =»

dered by Jan. 1 In the majority of the 124 areas anticipating shortages within six months, WMC Chief Paul V. McNutt sald today. pr . = =

A federal condemnation jury in

{$1,586,415 for its old auto and re- { frigerator parts plant at Monroe, Mich, seized in 19042 and. assigned to the Aluminum Co. of America. The award was $146,360 above the government's idea what should be paid and $1,770,930 below Reputiie’s claim, » . . Lerner. Stores. Corp. raised its common stock dividend from 50 cents to 62'% cents and said it intends to maintain that

[EE a Dr. John H. G. Pierson of the bureau of labor statistics said 8,000,000 persons would be unemployed during the transition from war to peace tion,

0D INDIANA OlL

The 48-hour week will be or- =

Dean Hi. Mitchell, president of the Northern Indians. Public Service Co. of Hammond, + the ew president of the Indians State Chamber. SDammeres: Louis Ruthenburg, president of Servel, Inc, of Evansville, who served two ferms. ‘Other officers named here yesterare (left to right) George Olive, Indianapolis accountant, first yice president; David G. Wylie, president of the Blosmington Limestone. Ne Jobn W. Crise, executive assistant of the General Electric Co, Fi. Wayne, hirg vies: pessiaent; aud. Hasry Reid,

among the hundreds of attending their fingers crossed about results, The N. A..M., frequently accused of unfairness by organized labor, has started to break the ice with its long-time foes by calling in two of their first-rank leaders—A, F. of L. William Green and C. 1. O. Philip Murray—for public discussions of jobs in peacetime. Labor conciliators have a doctrine that the first step in any labor controversy is to get the disputants talking to each other. Both Green and Murray expressed some views that caused the businessmen to applaud. They found they were together on some questions--par-ticularly their wish to be relieved from government wartime controls as soon as possible. The labor leaders appeared here in the ballroom of the WaldorfAstoria hotel, packed with- 1500 luncheon guests.

Jobs for Al?

Murray and Green were flanked in the discussion by Paul G. Hoflman president of Studebaker Corp. and chairman of the Committee for Economic Development, and Frederick C. Crawford, president of Thompsen Products, Inc, and president of N. A. M. The discussion established common ground on some. big problems, But cynics noted that both sides used their “company manners” and steered away from subjects that might have broken up the party.

everybody agreed was

.One of the subjects on which that the

Business and Labor Chiefs Talk With 'Company Manners'|

By FRED W. PERKINS Times Special Writer NEW YORK, Dec. 9.—A move toward post-war peace between labor and management was apparent here today in the ‘second war congress” of the National Association of Manufacturers, but the general disposition

big-business executives was to keep

| American system of free enterprise and individual initiative must be preserved—that there is no need or room in this country for the collective system. Mr. Green expressed that view, so did Mr. Murray.

Mr. Green said that “jobs for all is America’s No. 1 post-war objective,” but his sweeping definition was challenged by Mr. Hoffman, who said, amid much applause, that “we must be realistic and set realizable goals,” that two or three million persons now employed might have to be discharged when normal conditions return. He said he believed not only in the highest possible increase: im post-war industrial activity, but also in the highest possible degree of employment,

H. K. FERGUSON DIES;

CLEVELAND, Dec.'9 (U. P.).— Harold Kingsley Ferguson, 60, widely known Cleveland industrial

engineer and president of the H. H. Ferguson Co., died early today at Lakeside hospital. | He suffered several heart attacks in his hotel room yesterday, and was taken to the hospital where he failed to rally. Ferguson was known as the man who “packaged” the factory building.

FAMOUS BUILDER!

be the basis of his committee’s item- :

by-item study. The pending revenue bill left the house calling for $2,140,000,000 ' in new taxes, but the senate committee began revising it yesterday by ¢hopping $190,000,000 off the total. Some $74,400000 of the cut was achieved

by nullifying house action doybling

third class postage rates and another $112,000,000 was elminiated by reducing or eliminating other houseproposed boosts. These reductions together With . other minor changes took the yield of the bill down to $1,950,000,000, still further from the treasury’s goal of $10,500,000,000.

WAGE INCREASE AT MUNCIE SET ASIDE

WASHINGTON, Dec. 9.(U. P.).—

The national war labor board today set aside a regional board order.

approving wage increases of from b to 15 cents an hour for various wgrkers at the Borg-Wamer Corp. plant at Mungje, Ind. A WLB investigator was assigned to study the

firm's wage structure pending a - | final board decision.

The wage inéreases were provided in an agreement between the com-

pany and the United Automobile

Workers (C. I. O)). The board upheld the regional board's denial of a union request. to set aside an order establishing an average for piece rate earnings at one of the company’s three plants,

United Artists Theater Circuit,

Inc. year ended Aug. 31 net income

$586,578 or 81 cents a common share vs. $325802 or 36 cents previous

year,

Detroit awarded Republic Steel Col

. ' 'we urge you to start now.

You Help Uncle Se Sam's

F YOU are not already conserving Electricity in n_ T the various ways recommended By ee Sa.

Even’ though there

ple Hc apy 10 mat nim d civilian _needs—any saving "you can” make, by avoiding wastefol nace of Elearicy, will ndicecly release fuel, transportation, material and man. Ch ‘power for other war purposes. Do your part; Co‘porate inthis Btionowid "Hghe wie” ropes

DON'T FORGET -

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