Indianapolis Times, Indianapolis, Marion County, 14 March 1944 — Page 5
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Seripps-Howard Stat Writer WASHINGTON, March’ 14—THe first sale of great property ‘approved by Will Clayton, surplus war property administrator, ylelds . some facts of life on the waste of war about which. taxpayers will have
to learn a lot before long. Mr. Clayton approved the sale
by the maritime commission of the
San Jacinto shipyard at Houston to the du Pont company. The come mission accepted $200,000 for about 40 acres of land, some buildings
and other facilities.
The price, the commission said, ‘was “substantially in excess” of
the value of the property as fixed
bysan independent appraiser. But
it is only a fraction of what the government put into this venture.
Lo. c.. THE SAN JACINTO yard had career.
. # a short, troubled and very expensive
When the commission was trying to put together almost anything
that would float to bring oil around to the East coast, and to take materials to our fighting forces around the world, it embarked on a program of building concrete barges. H. ©. Cockburn, Houston ofl man, offered to build some of these barges, He got a $600,000 advance from the Defense Plant Corp.
_- headed by Secretary of Commerce
Jesse Jones of Houston, and started
to construct his yard, In Novembér, 1941, he contracted to build
five barges.
BUSINES
\
Indiana Limestone Executives Believe
Post-War
By ROGER BUDROW
Building Will Aid Industry
INDIANA'S LIMESTONE INDUSTRY, which is céntered around Bloomington and Bedford, has had a mighty
long stretch of lean business.
But leaders in the industry
now feel that when the war is ended their business will take
_a decided turn for the better,
This hope is based upon a revival of the building in-
* dustry, not homes particularly, but larger projects in which
limestone has always played a major role.
During the depression, there was very little private building and most
of the work was financed either di-
rectly or indirectly by the government. This was not of sufficent volume to Bfare the producti facilities of — Indiana limestone industry. “The depression started for us in 1831," ene limestone executive said, “and we experienced one of the worst productive vears in the history of the business in 1935. It improved gradually through 1939 and from then on, due to the war and the necessary restrictions in building, our business
was drastically reduced. During! the war period, there has been |
practically no building of the kind in which limestone is used and many of the companies have gone
The companies which have converted their plants to production of war materials will be able to re-
convert to the production of lime-
stone within a reasonably short time, it is believed. It is generally felt throughout the limestone industry that there will be a substantial post-war volume of
building, both public and private, of | $209
the kind in which limestone is used. Representatives of the limestone
companies report that there is quite! Good
a volume of work on the boards of architect's throughout the country, many of which should be ready to| present for general contractoringi figures soon after the war is ended. It has also been reported that schools and colleges in various parts of the country are planning additions to their physical plants when the present building restrictions are ended. - - .
LYNCH CORP. of Anderson already is switching from war work to ts regular job of making machinery for the glass industry. These orders carry a high priority and so many have piled up that capacity operations seem likely for some time, President T. C. Werbe told stockholders. The company had a profitable
year in 1043, earning $3.03 a share
against $290 in 1042.
WALLACE TO SPEAK Frank N. Wallace, state entomol-
ogist, will speak at the Indianapolis $ ood
Retail Hardware Dealers association meeiing at 8 p. m. tomorrow at Emrich’s Hardware, 2526 W. Michigan st.
LOCAL ISSUES
Nominal quotations furnished by Indian. apolis securities dealers Bid %
Ind n “re *Indpls P & L pd. sean
Rawat
a Water pla. on. dpla Water Class A coi Loan Co 5%
97 Lineoln Nat Life Ins com..... 33 37 P R Mallory 4%% pe vray ven 26% 28 *P R Mallory com . 22 23% N Ind Pub "Serv 514% ‘pia’. 10215 106 N ine Pub Berv 6% ........... 10612 109 14% 117 Bayi «2.101 104 v 18% 18° MH 18 +102 105 «18% 17% «9 an ones «3 Nn ans 69 A BONDS Igers Wips'w W RR 4%%...100 © ..... | inerican Joan 6s Be 100 n 59 46 101 83 82 108 gave vay 100 109 80 109 100 103
ERE]
PRICES ON HOGS DECLINE HERE
Top Falls to $14.15 as | 11,000 Porkers Arrive At Stockyards.
Hog prices declined in a slow mar{ket at the Indianapolis stockyards today, the office of distribution reported. The top was $14.15 for good to choice 200 to 210-pounders. Prices were 10 to 20 cents lower than yes- | terday on weights between 160 and! the Other weights
1330 pounds. Later, widened to 25 cents. were unchanged. Receipts included 11000 hogs, 2400 cattle, 625 calves and 400 sheep.
Gok — GOOD TO CHOICE HOGS (11,000)
: BRE 10 13.856213.95
370- 300 pounds « 11.85413.90 300- 330 veo 13.85€13.90 330- 380 . [email protected] Medium 160- 220 pounds 11.00§13.35
13.235013.38
« 1310913.20 [email protected]
keer asann ene
{ 250- 500 pounds [email protected] Slaughter Pigs M agra m and Good— i 250+ 500 pounds i... $009 11.25) CATTLE (2400) Chotee— Steers 00~ P00 pounds ............ [email protected] 900-1100 pounds 15.759 16.50 1100-1300 poun 16.00@ 16.75 1300-1500 pounds . 18 16.98 700- 900 pounds ........ eens [email protected] 900-1100 pounds ... + M50915.75 1100-1300 pounds ... oo [email protected] 130g 1300 pounds 14.75@ 16.00 edium— ots 00 pounds ae BRS 1100-1300 pounds .... oo [email protected] Common— 700-1100 pounds ............ [email protected] Cholee— 600- 800 pounds [email protected]% 800-1000 pounds « 15.25@16 00 Good~ 600- 800 pounds +...eeveess. [email protected] 800-1000 POUNGS ....ceuave.. 14.235Q15.25 Medi 500- 500 pounds ..eeeeeees.. 11.75914.00 Common — 500- 900 pounds ............ [email protected] Bulls (all weights) Beef Good (all weights) ........ 11.25012.00! Sausage Wane epnvsonrs anavnies 11. nein MOGI ....vi.ihvareennen 10.00 11.00 Cutter and common ........ ws (all weights rare he aK EAA Shh 11.50) 13.00 Medi: ee¥ “[email protected] | Suteer and common .... 7.50] 9.75! FCOBIBE ....uviai inns verbniorry 6.00@ 750 CALVES (625) Vealers (all weights) Good to choice .............. 1.30 16.00 Common to . as [email protected]
medium Cull (70 Ibs. up) d 8.00 Feeder and Stocker Cattle and Calves
Steers Coo- #0 pounds ..i..eeeeees. [email protected] 800-1050 pounds ..ovesesseess [email protected]
cess [email protected]
800-1050 pounds ..... esevnees 10.50911.50 Medium 300-1000 pounds Teeserens wees [email protected] 500- 900 pounds ............ 8.00@ 9.38 TR alves (st ) Good and Choice 500-1000 pounds [email protected] Medium — 500- 900° pounds Lovees [email protected] Calves (heifers) 3Jood and Choice ar pounds down ........... [email protected] 2 ids dowB - ...ieieiee [email protected] rao Eh Eee aes aaa 10.50911.50 PEERY AN AND LAMBS (400) (shorn) Good ane, reich. ol LL LAMBS SRA tages Xana enn % [email protected] ELECTRONIC WINS SECOND STAR FOR ‘E’
The second white star, for continued excellence in war production, has been received by Electronic Laboratories for its army-navy “E” pennant.
the “E” flag in February last year and has won a star each succeed-
: ing six months.
ay WHEAT Indlananais 15a “il at oes an ‘white - he,
ws cago 8% Jazket oe Yn ) ‘and } wo. :
decline |
The local company’ first received |
hown As Shipyard i.
. His operations bogged down, and Anally tis commission tadtioed
McCloskey & Co, of Philadelphia, then engaged In building ‘other concrete barges, to take over the contract and buy out Mr. Cockburn.
McCLOSKEY GOT a contract for more barges, and some more
money for additional facilities.
Altogether, the government put
* $2,300,000 into the yard for facilities. Ways had to be constructed,
roads built, equipment purchased,
yard faced had to be dredged at a The senate’s
and the channel on which the cost of about $100,000.
Truman committee, on the basis of inquiries into
San Jacinto and the MacEvoy Shipbuilding Corp. of Savannah, Ga., also building concrete barges, suid: “From an examination thereof, the committee believes that both cases show rapacity, greed, fraud, and negligence, and both have
been referred to the department Officers of the MacEvoy firm
case by a government attorney, ® = =
of justice for appropriate action.” were indicted, and a federal grand
jury at Houston has been presented with the facts on the San Jacinto
AT THE OUTSET, the barges to be built at San Jacinto Were
to have cost about $568,000 each,
according to the Truman report.
But only four were built there, instead of 20, and these cost about
$1,500,000 each.
Thus, with the barges costing $6,000,000, and the government
* having put shout $2,300,000 into
BIG TELEVISION INDUSTRY SEEN
Should Be $1 Billion Service Within 10 Years, Official of R. C. A. Says.
NEW YORK, March 14 (U. P).~ A billion-dollar television service will be available to 80 per cent of the wired homes of the nation 10 years after the war, T. PF. Joyce,
manager of the radio, phonograph and television department of RCA Victor, predicted today.
the green light and no obstacles are placed in the path of its commercial development,” Joyce said, “then this is what we may expect: “1. Development of a satisfactory | home radio and television set to re-
tail for approximately $200. Our]
anaylsis of the market has shown
that 61.3 per cent of the people are|
prepared to buy a set at this price.
receiver sales in the first television market—New York, Philadelphia, Albany-Schenectady, Los Angeles, containing 25907600 people, 7,410,000 wired homes and 28.46 per cent of the U, 8. buying power. Six Per Receiver |
“Within 18 months after television receivers are available at a $200 retail price, 741,000 homes will be equipped. Assuming the average viewing audience per receiver, on the basis of 741,000 equipped homes, is six people (the present average is 10) the total audience youl be 4,446,000 people, “3. Within three or four years after ithe commercial resumption of teleso | vision, a network will connect the
od AR {main cities on the eastern coast
{between Washington, D. C., and Boston, Mass., and by the end of the fourth year, & 1500-mile network circuit will connect the Middle West with the Atlantic seaboard. This trunk "line television network with the secondary networks that would be offshoots from it, will serve the 19-state area bounded by Illinois and Wisconsin on the west and Virginia and Kentucky on the south. There are approximately 70,000,000 {people in this area. It represents ‘approximately 62 per cent of the purchasing power of the country. .
Cover 157 Cities
“4. Within five years, television | transmitting stations will provide coverage for, the 157 key cities of the U. 8. “5. It would be reasonable to expect that by the end of the fifth year, after full commercialization of television, the engineers of the industry should be able to develop a low cost automatic rebroadcasting transmitter to provide coverage. of the smaller markets. , . “It would not be unreasonable to assume that within 10 years after full commercialization of television, such service would be available to 23,700,000 wired homes or 80 per | cent of the wired homes of the U. 8. | This would represent en audience oo of about 112,000,000 or 82 per cent of the total U. 8. buying power. “Television industry sales at this’ point would be approximately 2,500,000 units per year for a total retail billing of between $600,000,000 and $700,000000. This billing, together wtih replacement tubes for
ter sales, television advertising revenue, etc, will make television the billion-dollar industry that many have prophesied it will be.”
KELLEY TO SPEAK
A. J. Kelley, chairman of the ex-
National Industrial Traffic league, will be the speaker at the second meeting of the foreign trade clinic being conducted by the foreign | } trade department of the Indianapolis Chamber of Commerce tomorrow night in Cropsey hall, Indianapolis public library. Mr. Kelley, who is associated with D. C. Andrews & Co., Chicago, will discuss ocean, rail and truck transportation, air express and parcel
will follow his address. The Indianapolis Traffic club and the Indiana State Chamber of Commerce. are co-operating in - sponsor ing the elinie, 3
LOCAL PRODUCE
> ay breed hens, 23c; Leghorn hens,
Brollers, fryers and’ rooster under § 1bs., 26c. digas springers, 2c. aera
A
Assuming that television is given ‘
“2. Rapid expansion of television]
Chicago and
Am existing receivers, service, transmit- ~
ON" FOREIGN TRADE
on port and import committee of the Sm
post. A question and answer period | pan
Ti s—Current receipts, 5¢ Ibs. and up, 28a t ressipt wg
facilities, the San Jacinto project
shipyards, © The navy is returning the plant
Quits Brewster
|
| Henry J. Kaiser Kalser . , . in caricature,
Serve ‘Both Navy and Stockholders.
NEW YORK, March 14 (U. P)~— Henry J. Kaiser, west coast shipbuilder, planned today to retire as president of the Brewster Aeronautical Corp. because, he said, he cannot act to his satisfaction as a navyappointed manager of the firm while representing the interests of stockholders. Kaiser, named chairman of the board of diréctors in’ March, 1943, after a seige of labor unrest and elected president last October, notifled stockholders yesterday that neither he nor his associates would serve as officials of the corporation after the annual- meeting May 17. Among the difficulties reported arising from his dual position were the cancellation of navy dive- ., bomber contracts, seizure of the, | Newark, N. J, plant by the army on! {Peb. 1 and many claims and coun-|
In his letter, Kaiser said that “the fighter program is well in hand,” and that labor relations have improved.
COST ACCOUNTANTS WILL HEAR JONES
Charles W. Jones, general superintendent of the William ‘H. Block Co., will speak at the 8:30 p. m. dinner meeting of the National Association of Cost Accountants at the Lincoln hotel tomorrow. His subject will be personnel problems. Guy L. Dixon of Mar-mon-Herrington Co. will be discussion leader.
N. Y. Stocks
Allis-Chal Am Can
Am Water W. Anaconda. .... 27 Armour & Atchison ..... Atl Refining . Bald Loco ct . Bendix Awvn ..
Fil
Pie: LEih pet +0100 00
Johns-, Reonoont . 31% L-O-F Glass .. 48% Lockheed Atrett 17% Loew's . 81% Marshall Fd . . Mont: Ward .. Nash-Kely
Hire:
Nat Biscuit .. -— Nat Distillers. 33% — 3 N Y Central .. 19 WEE Gnuy 18% — crane 5 BEE 32% — % at ran ay 99 ie avi Bi '% 55 “ean RAE Q2% — % Reyn Tob B =k -— la Scheney Dist” s -—hy Socohy Vacuum 1s
Shipbuilder Says He .Can’t
THE COMMISSION, having liquidated the concrete barge pro= gram, had the choice of keeping San Jacinto for some possible further use, making it a ship scrapping yard, or selling it to private ~ A f
industry,
It chose the latter course, du Pont’s offer being accepted. At the same time, du Pont agreed to buy from Mr. Cockburn 782 acres of
land adjoining the shipyard site.
On its 822-acre tract, the chemical company will at first manu-
facture phenothiazine, a preparation used to eradicate internal parasites from livestock, , Eventually, it intends to enlarge its operations
/ to make other chemicals.
The government, out of the.San Jacinto program as it stands up to this point (with considerable equipment and materials stilh .gets rid of a wartime adventure that wasn't successful, possesses four concrete barges, gets a check gor $200,000, and recalls that it invested about $8,300,000 in an effort to provide
to be disposed of),
shipping space.
Dual System Flops, Navy Plant Guards Civilians Again
By FRED W. PERKINS Seripps-Howard Staff Writer WASHINGTON, March 14.—The navy department today confirms the old adage, “no man can serve two masters,” by abolishing a system of dual control, over civilian guards in war-production factories and
protection forces to complete civilian
control, and removing them from authority of the coast guard reserve
(temporary). The war department is considering similar action in hundreds of war plants where it has sworn the former civilian guards into the auxiliary military police, under compromise plans of plant protec tion that were adopted by both the army and the navy soon after Pearl Harbor. The first military «pa i to station armed soldiers grid rs in every war plant, this was vetoed by officials, wHo feared the workers might object to the con- | stant presence of “bayonets. The compromise, in the case of | the navy, placed the plant guards “half in and half out of the coast! guard” They were responsible! under oath to wartime laws of the navy, but they still wore company uniforms and badges, and got their pay from the company. Also, they continued to be members of labor unions, with the result that in some cases they got into conflicts from the orders of three as well as two masters—the navy, the company, and the union, 2400 Strike The anomaly was first called to public attention last August through a four-day strike in a plant near Philadelphia of Brewster Aeronautical Corp, making fighter planes for the navy. The plant protection force of more than a hundred men had been made members of the coast guard reserve, but continued for a year to choose their posts of duty under union seniority rights. This privilege suddenly was withdrawn, four guards who insisted on their union rights above their navy oath were jailed and courtmartialed, and 4000 union members went on strike. A few months earlier, in the Newark, N. J, plant of the same company, a guard—former civilian, then a coast guard reservist — was threatened with violence when he attempted to discipline members of
the same union to which he belonged, local 365 of the United Au{tomobile Workers (C. I. O.). He was attacked the succeeding night,
ter-claims under the navy program. |and later was suspended from the
union, The navy instructed the company to keep this guard on duty, but because he had been suspended from the union there were two strikes last May and June by more than 2400 employees in the Newark plant,
Navy Gives Up
In a shipyard near Philadelphia several men were shot in a riot that resulted from refusal to several hundred workers to obey instructions from former civilian guards who stood on their authority as members of the coast guard reserve, The house naval investigating committee, of which Rep. Carl Vinson (D. Ga.) is chairman, cited these and other instances in reaching a conclusion that the | dual-control system was imprac-| tical.” ‘The committee's report recommended that the navy take full
i charge of plant guards, but the
navy has chosen the alternative of turning full control back to the private companies—with the unions in the picture in the Brewster and other plants. The four court-mar-tialed Brewster guards were discharged, then hired back in better jobs through union influence,
GRAIN PRICES. TURN MIXED AT CHICAGO
CHICAGO, March 14 (U.P.).—An irregular trend prevailed in grain futures on the Board of Trade today with rye and oats rallying by mid-session. “Reports of Midwest blizzard conditions expected to further hamper cash grain from moving to- terminals failed to cause much reaction. At 11 a. m. wheat was up % to off % cent a bushel; oats unchanged to up %; rye unchanged to up’, and barley up %.
U. S. STATEMENT
WASHINGTON, March “14 Government expenses and LL current fiscal year through compared with a year ago: This Year .$63,585,179.511
Lay oe
,. Last Year $50,504,063,420 46,570,904,203 10,120,660,427 40,379,910,202 boas, Jo3.501 66,202 113.080. 178.022 22,643,798,805
ne
Buy Now for Next Winter
ol 1 0. UNION WINS
Is For $200,000
represented an outlay of federal fundg running wp to about $8,300,000. The $200,000 from du Pont does not represent the entire monetary return, however. Of the $2,300,000. in facilities, about 30 per cent is comprised of cranes, trucks, welding machines and other equipment which will be sold or transferred to other commission yards. Moreover, there is a considerable amount of surplus material remain ing there that will be sold or transferred.
AT MICHIGAN. CITY
WASHINGTON, March 14 (U. PJ.| : ~The national labor relations board ployees cast 247 votes for the C. L today certified the United Automo-|O. union and 103 votes for the Peds: bile Workers union (C. I. O. as|eral Labor union 22165" ard), collective bargaining agent for 516 the NLRB said.
E Tune In WFBM 4:15 Monday Thru Friday — Free Parking
=
WOMEN'S WINTER
COAT
Price and
collars and all are late winter styles.
Were $29.95—Just 13 COATS . . Were $35.00—Just 5 COATS . . Were $39.95—Just 12 COATS . . Were $49.95—Just 9 COATS .. Were $59.95—Just 7 COATS .. Were $69.95—Just 7 COATS . . Were $79.95—Just 4 COATS . . Were $89.95—Just | COAT .. Were $55.00—Just 2 COATS .. Were $65.00—Just 1 COAT .. Were $55.00—Just {| COAT ..
Less Than Half . Price Many are one-of-a-kind—mostly blacks, fitted and box styles in the group. Not every size at every price but sizes from 12 to 48 in the group. Many luxurious fur
Here 1s a chance to own next winter's coat at a saving of many dollars,
Star Store, Second Floor
’
$14.94 $11.50 $19.94 $24.94 $29.94 $34.94 $39.94 $39.94 $21.50 $32.50 $29.00
FINAL CLEARANCE OF GIRLS WINTER COATS At iy off Regular Price
BROKEN SIZES AND MANY ONE-OF-A-KIND, BUT. EVERY COAT A BARGAIN. BUY NOW FOR NEXT WINTER:
18 Girls’ CHUBBIE coats in tweeds and plaids. Sizes 14% and 16% only. Coats that originally sold
at $14.98 and §16.98—Now—
18 TEEN-AGE TWEED COATS
18 Tweed coats and plaid reversibles. Sizes 12 to 16
only. Were $14.98, $16.98. Npw—
1 Double Duty Goat and Legging Sets
7 Double duty coat and legging sets. Sizes 7, 9 and 10 only. Were $14.98 and $1698. Now—
3 HEAVY BROWN ALPACA COATS
3 Heavy brown alpaca bunny coats. Were £10.98.
Size 7 only. Nowg—
7 CORDUROY REVERSIBLE COATS
7 Corduroy reversibles in red or green. Sizes 10
to 18. Were $10.98. Now—
Lot No. 1—Just 73 Women’s
WINTER DRESSES
Clearance of late winter dresses in prints and solids. styles. Dresses that sold at $16.95,
$14.75, $10.75, $8.75 In sizes 12 to 44. Mostly small sizes in the Eroup; Choice at
Lot No. 2—Clearance
LATE WINTER
Clearance of women's late winter dresses of spun rayon, prints, rayon - crepes and wool, solids. Broken sizes 9 to 13-12 to 16—a few larger. For‘merly $14.75, $12.75, $10.75, $8.75. Now
“Lot No. 3—Just 76—Clearance of
Star Star, Second Flos |
E9599 of a Group of
$7 99
Gress cesses e arses ertr ans
on in all colors. Originally
WOMEN'S DRESSES Clearance of women's dresses % 0 0 selling at $3.00 and $398. Sizes 12, 14, 16 only. Now—
of fine cottons and spun rayStar Store, Second Floor
[
49
& $8.49
$*y49
& $8.49 | TY
LE E
wa
$749
& $8.49 SQ
£
350 4