Indianapolis Times, Indianapolis, Marion County, 16 March 1944 — Page 12
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Bill Jack May Be No Orator But He Gets His Ideas Over
TWO BUSINESSMEN HAVE “PACKED THE HOUSE” here this winter. The first was the young, smooth president of the U. S. Chamber of Commerce, Eric Johnston. The other, last night, was Bill Jack of Jack & Heintz fate, who, in many ways, is just the opposite of Eric Johnston. Bill Jack peeled off his coat and tie, and, in his opencollar brown sport shirt, proceeded to tell about 600 guests of the Purchasing Agents association at the Columbia club what he thought of war contract renegotiators, the govern-
ment and the future in general. Bill Jack is-no orator and hej knows it. He pays no more atten-|industry” in a trip to Germany in tion to rules of grammar than he| 1938 when he visited the Junkers does to the accepted ideas of how plant. There he saw workers given to treat’ em-~- hot noon meals, coffee during work plogees. But, al- and sun lamp treatments. though he has| His plan to sell stock to “assonone of the tricks ciates” to raise his invested capital] of oratory he does and thus permit a higher profit to give the impres- be kept by the company will work sion of complete this way, according to present sincerity which, plans. There would be two classes possibly, is theof stock, the “A” being that sold greatest elo-/to employees. It would get first quence of all. [call on dividends. The “B” would A former A. F. be that already held by Jack, his| “of L. business partner Ralph M. Heintz and Jack's “agent himself,|sons. It would get dividends, if Bill Jack almost talks like one yet any profit is left over after paying when he defends the $5600 a vear the “A” dividends and would retain he pays his “associates,” in addition |the voting rights for 10 years. After
How Gas R
_ THE INDIANAPOLIS
TIMES
LITTLE STEEL
A" coupon drops from3 to 2 - gallons per week.
“B" mileage cut from 460 to 400 miles per month.
Certain “B” card holders may make up gas lost on “A” ration cut in _ this ares.
// Rationing unchanged; “A” . value 2 gallons per week.
—— —
Eo»
Map shows how various areas nationally at two gallons per week.
ww
of the country are affected by
ation ‘Equalizer’ Works
Ed
TEST AWAITED
WLB to Rule Today on CIO Request for Hearing; A. F. L. Loses.
_ WASHINGTON, March 16 (U.P.). —The C. I. O, campaign to break
“the Little Steel formula faces a
,OPA’s order equalizing gas rationing
major test today at the hands of the war labor board, which has checked, at least temporarily, a parallel campaign by the A. F, of L. The WLB steel panel has been hearing arguments for the past week on whether it should receive evidence on the United Steel Workers (C. I. O) 17-cent wage raise demand, which the board can not grant under its existing authority because it would be contrary to
PORKER PRICES RISE 25 CENTS
Tap Advances to $14.45;
Highest Here Since Nov. 1, 1943.
to free insurance, etc. He said he 10 years, holders of the “A" stock remembered the days when he was! could vote, too, and if, by then, they | a machinist and as soon as he got wanted to change the management, to making $10 or $12 a day, by in-/they could. Jack says his “assocreasing production, his rate of pay|ciates” are willing to invest $34 would be cut so he would have to million in the stock. work twice as hard to make the]
» ” same amount, Those bitter mem- o 5 LC wreds ories, he said, are what determined | DDS AND ENDS: National Mal-
hmi not to do the same when he | leable & Steel Castings Co., which was an employer. { has a plant here, earned $165 a There is no doubt, he came up Share last year against $2.39 in 1942, a hard road. He told how he sold the drop due chiefly to losses at its papers in Cleveland when he was| Melrose Park (Chicago) factory 8, carried washings for his mother Where a tank parts contract was who did them for §1 a basket, car- canceled just after thé plant was ried lunches to factory workers, | tooled up for the work. . . . A twohow he left school when he was million-dollar central freight termi14 to learn to be a machinist. He nal alongside the Chicago drainage was bitter also when he lashed out'canal, which would serve trucks, at “companies who would spend a barges and planes, is in the talk million dollars to break a strike] stage. Hercules Powder Co. rather than give in to their workers has a new material, ealled stabinol, who wanted a 5 or 10 per cent a resin compound, which it claims
i
hog prices at the Indianapolis stockvards today, lifting the top to $14.45, the highest here since Nov. 1 last year, the office of distribution reported. ' Receipts included 8600 hogs, 850 cattle, 550 calves and 950 sheep.
GOOD TO CHOICE HOGS (8600) 120- 140 pounds [email protected] 140- 160 pounds [email protected] 160- 180 pounds [email protected]
. i, A 25-cént-advance was mate in g
"N. Y. Stocks
Allis-Chal ,... , Am Can Am Loco m Rad Am Roll Am T&T Am
A Armour & Co.. Atchison Atl Bald Loco ct.. Bendix Avan“... Beth Steel .... d
Douglas Aire .. § Du Pont Gen Electric... 36%
Goodrich Goodyear 3%a” Greyhound Cp. 21 Ind Rayon .... 40 Int Harvester.. 7234 Johns-Man .,. 95 Kennecott .... 32% Kroger G&B... 30%
i ” TRONS SrA HEEL TALL EL A EF
|WPB PLANS FOR AUTO MAKING
‘Nelson Forms Committee
Of Industry Heads; Kaiser Out.
WASHINGTON, March 16 (U, P.). * | —War Production Board Chairman » {Donald M. Nelson, who gave the order two years ago that halted -imanufacturer of passenger cars, is «i now” preparing for the eventual reconversion of the automobile in- , | dustry. He is forming an advisory committee, composed of the top official
the Little Steel wage formula. The panel expects to report to the board today for instructions before opening hearings on the merits of the steel industry dispute next Wednesday. A. F. of L. officials made it clear that they felt the board would be inconsistent if it allowed the panel to hear the U. S. W. demand after its rejection of the A. F. of L. petition yesterday.
Explains Refusal
Steel industry spokesmen have argued that the WLB should dismiss the U. S. W.'s 17-cent demand without a hearing because it could not be granted under the stabilization law and President Roosevelt's hold-the-line order. Philip Murray, C. I O. and U.S. W. president, replied that the stabilization law had been misapplied and said there was no restriction on the board investigating the effects of its wage sta-
WASHINGTON, March 16 (U.
post-war problems which led to the establishment of his office. Particularly, Clayton said, did he endorse the Baruch proposal that all sales of surplus war goods be transacted “in a goldfish bowl” “Why not?” he asked. “The public—the taxpayers — should know everything that goes on in this office. It probably would not be wise to give full- publicity to nego-
But once the negotiations are completed, the public is entitled to every scrap of information—and I'm always going to be in a position to give it to them.”
° ‘No General Policy’
Clayton said that there probably would be no general policy to govern the sales of surpluses. He explained that sales must be conditioned to circumstances existing when and where the sales are made. But he emphasized. that, within reason, a stable price policy will be pursued for all sections of the nation. It has been reported, for example, that Clayton had approved a policy of decentralized sales administration—a policy under which there
levels. “That’s not true,” Clayton said. “A man in New York won't be able
shoes while a buyer in the Midwest pays $3 for the same shoes—not if I have anything to do about it.”
Explains Shipyard Sale As far as possible, he said, his
tiations for the sale of war supluses.|
would be no co-ordinated price J
to pay $1 a pair for surplus army ]
L-O-F Glass... 46%, Lockheed Aircft Loew’s
*|{in each company that made passen- ® ger cars before the war, to consult
Il
18 6134
180- 200 pounds 14.20@ 14.35 200- 220 pounds .... 220240-
ves 14.30@ 14.45 .. 14.20014.40 .. [email protected] .. [email protected] . 14.15@ 14.15 | [email protected] |
240 pounds .. 270 pounds .. 270- 300 pounds .. 300- 330 pounds .... 330- 360 pounds Medium— 160- 220 pounds . RT, Packing Sows Good to Choice— ! 270- 300 pounds .....ociiinnn 13.50213.85 | 300- 330 pounds .....eieennen 13.504213.65 | 330- 360 pounds ....ieenrenns 13.45@ 13.60 360- 400 pounds ....ieenvenns [email protected]
|
[email protected] | [email protected] |
Good— « 400- 450 pounds 450-500 pounds Medium-—
| Penney
Marshall Fld... 15 Mont Ward ... 477% Nash‘Kelv .... 13% Nat Biscuit ... 21% Nat Distillers... 34's N Y Central... 19% Ohin Oil 19 Packard cee. 4 Pan Am Air... 33% Lo. 0972
, |with WPB officials on the problems the change-over to peacetime production will bring - with it. The first meeting will be next month. : In announcing plans for the committee yesterday, Nelson cautioned : that his move should not be interpreted as an indication that the government is planning to allow re- _ |sumption of passenger car produc-
Penn R Phelps
+14 1 ++ 1 +40 4 | I:
epublic. Stl...
office will attempt to see that the sales work to country’s best advantage. In this connection, he explained his recent approval of the sale by the U, S. maritime commission of the San Jacinto shipyard at Houston, Tex. to the du Pont company. The government put about $2,300,000 into this project and disposed of it for some $200,000. Clayton
bilization policy and recommending changes. However, in rejecting the A. F. of L. petition the board also refused request for a hearing to collect testimony with a view to advising congress on the operation of wage stabilization policy. . WLB public members said they rejected the petition because they believed it was inappropriate for
tt
Rep Schenley Dist . Sears Roebuck Socony-Vacuum
tion at any specified time, Denies Report
the board to explore the wage sta- “| bilization question while congress was just beginning hearing on re-
said it was important to bear in mind that surplus property transactions can not be measured by
; THURSDAY, MARCH 16, 044 |Clayton Outlines Plans for Selling Surplus War Good
P.). ~The government will sell the
billions of dollars worth of surplus war. goods with a view to aiding small business, whenever possible, and discouraging growth of monopoe lies, Surplus War Property Administrator Will Clayton said today. He declared in an interview that he was in complete accord with the recommendations of the Baruch report on the handling of war and
too, for every other kind of a sure plus that we have to sell. “Little business is the foundation of this country’s industrial system, We don’t want monoplies—and wa, in this office, will do nothing to ene courage them.” :
PUBLIC RELATIONS
Lothair Teetor, a director of the Natoinal Association of Manuface
tional industrial information come mittee, said today that an Indians conference on public relations will be held here April 14. Leaders of Hoosier business, ine dustry and public relations were expected to attend to discuss problems in industrial public relations.
LOCAL ISSUES
Nominal quotations furnished by Indlame apolis securities dealers, ne
Agents Pin Cop com .... Agents Fin Corp pfd.. Belt R 8tk Yds com.. Belt R Stk Yds pid Bobbs-Merrill com
Circle Theater com ... *Comwlth Loan 5% pid . ita Elec com Hook Drug Co com Home T&T Ft Wayne 7% pid. 51% *Ind & Mich Elec 7% pid Ind Asso Tel 5% pid
*Indpls P & L pfd.. Indpls P & L com.... Indpls Railways com . *Indpls Water pid .... y Indpis Water Class A com.... Lincoln Loan Co 5%% pfd.... Lincoln Nat Life Ins com P R Mallory 4'4% pid . *P R Mallory com N Ind Pub Serv 54% N Ind Pub Serv 6% N Ind Pub Serv 7%..... Pub Serv of Ind 5% .... Pub Serv of Ind com.... Progress Laundry com.. Soe Ind G & E 43 pid ... Stokely Bros pr pf-..... United Tel Co 5% .... Union Title com .... Van Camp Milk pid .. BONDS : Algers Wins'w W RR 414%... American Loan 8s 51 American Loan 59 48 Cent Newspapers 4'%s 42-51... 95 Ch of Com Bldg Co 4'as 61... Citizens Ind Tel 433s 61 .. Consol Fin 5s 60 Ind Asso Tel Co 3%s 70. 1 Indpls P & L 3%s 70 ........107
hi - iw =
MEETING PLANNED
turers and chairman of the nas
250- 500 pounds ............0 Slaughter Pigs Medium and ‘Good— 250- 500 pounds ........ec000
CATTLE (850)
olce— Steers 700- 900 pounds . 900-1100 pounds . 1100-1300 pounds . 1300-1500 pounds Good— 700- 900 pounds .. 900-1100 pounds .. 1100-1300 pounds .: 1300-1500 pounds Medium-— 700-1100 pounds 1100-1300 pounds Common— 700-1100 pounds
raise.” will waterproof airflelds and roads outh Pac
Incidentally, Bill Jack picked up against mud. A 20-year-old some of his ideas of “humanism in! tax dispute betwen the government
{and the city of Philadelphia, over A SAFE DEPOSIT
| some 400 war houses left over from {the last war, has been settled at BOX IS LOW-COST last. INSURANCE | 9 Different Sizes
$3 to $100 a Year
Member Federal Deposit Insurance Corp.
Security Trust Co.
Indpls Railway Co 5s 67 Indpls Water Co 3'as 68 Kokomo Water Works 5s §8..1 Kubner Packing Co 49 54 ..... Morris 5 & 10 Stores 5s §0.... Muncie Water Works Ss 66....108
what the government spent and what it obtained in return from
enactment of price control and stabilization laws. *
Meanwhile, a WPB spokesman denied reports that production of a limited number of automobiles RE te ne | sales. would begin in the next six months. Everything will be done to protect The automobile industry, he said, SETS DEADLINE FOR lis taxpayer and the public interwill probably be among the last to i est, he said, but the liquidation surfeel the effects of cutbacks in mu- INCOME RETURNS pluses cannot be gauged in terms nitions. He pointed out that most! WASHINGTON, March 16 (U, P.).|of what was spent by the governSiipamaomsm—————————————— of the industry is producing air-|—The internal revenue bureau to-{ment in the hastily planned [email protected] LEG AL AD SOCIETY craft units, and that aircraft pro-|day set May 15 for the deadline by paign to transform the nation into 12.508 14.50] |duction would undoubtedly continue} which labor unions, farm co-opera-|the arsenal of democracy. [email protected] ELECTS C C BAKER |2t its present peak long after the tives and hundreds of other tax ex-| “The Baruch report realized that ee. [email protected] 35 {collapse of Germany. {empt organizations must file their there would be losses,” he sald. “We Heifers | Charles C. Baker has been elected | Nelson made no provision in his first information returns in ac-|will try to keep them at a minimum. [email protected]| president of the Indianapolis Legal new committee for firms that in-| cordance with the new revenue act.|But our main consideration is to . [email protected]| Aid Society, Inc., for a one-year |tend® to “manufacture automobiles Commissioner Joseph D. Nunan|dispose of these surpluses in a way | end. 150,085, [email protected]| term. Other officers are Joseph M. after the war for the first time— Jr. said organizations which operate which benefits our national econ- | Receipts... 26,975, 313.234 [email protected]| Bloch, vice president; Arthur C.{such a§ Henry J. Kaiser—in com-|on an accounting period other than|omy. ’ Set Oly FLAT as [email protected]| Shea, treasurer, and George W. petition with established companies. the calendar year must file the in-| “We must give every considera- Work. Bal.. 30.8080 RE [email protected]| ESBleston, secretary and general| Nelson believes that established formation on their finances by thejtion to little business. If we have Gold Res... 13.660 631 873 | counsel. Mr. Bloch, Mr. Shea and firms should get first call ‘at the|15th day of the fifth month after|surplus machine tools—and we doj - 11.253 12.00| Robert F. Nelson were elected direc- limited amount of materials to he the close of their annual account- have—they should get the first SAN ArOUs CLEARING 1050411 50 tors for two-year terms. available immediately after the war. | ing perods. crack at them. This holds good, | ebits 2.75@ 10.50
8.50@ 9.75
..!Std O Cal Ny: 9.508 11.75 [Std Oil (Ind).. : [std Oil (N J). 5 | Texas Co Lo. ; {20th Cent-Fox 23% W ng enius Rubber ... 48's T.. [email protected]| US Steel ...... 55} . [email protected] Warner Bros .. A | Westing El ... .. [email protected]| Young S&W... © [email protected] | Zenith Rad ... [email protected]
H+
tA
WAGON
Up to the close of the Chicago market today, Indianapolis flour mills and grain elevators paid $1.63 per bushel for No. 1 red wheat (other grades on their merits). No. 2 white oats, 79¢, and No. 3 red oats, {79¢; No. 3 yellow shelled corn, $1.08 per ! bushel. and No. 2 white shelled corn, $1.24,
WHEAT
*Ex-dividend.
U. S. STATEMENT
WASHINGTON, March 16 (U, P.). ernment expenses and receipts for the current fiscal year compared with a yeap
ago: This Year LastY $64.260.236.411 $5
130 E. Washington
Choice 600- 800 pounds 800-1000 pounds ...
Good— 600- 800 pounds 800-1000 pounds Medium— 500- 900 pounds Common
500- 900 pounds . Bulls (all weights)
The qvailable vacancies
in our properties
offer o full range in
price, size and type
of office space [email protected] 9.50@ 11.50 7.50@ 9.50
6.00@ 17.50
| Medium Ce ee ees | Cutter and common ... | Canner ........ . ces CALVES (530) Vealers (all weights) Good to choice Common to medium [email protected] {Cull (70 lbs. up) Cie .e... 5.00@ 9.00 | Feeder and Stocker Cattle and Calves
ERE N]
IW BE Bon BRR
CLEIN
IEE ANAS NE TY
| Cholce— | B00- 800 pounds | 800-1050 pounds | Good— 500- 800 pounds seesrene W 800-1050 pounds ...eoececccce
| Medium— | 500-1000 pounds
. [email protected] cesssesresess [email protected]
[email protected] [email protected]
[email protected] 8.00@ 9.35
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sessecestanee
LOANS FOR TAXES
AND OTHER OBLIGATIONS Available
At THE UNION TRYST COMPANY
with promptness and on liberal terms
| Common-— | 500- 900 pounds | Calves (steers) Good and Choice— 500-1000 pounds Medium— 500- 900 pounds i Calves (heifers) | 300d and Choice— ! 500 pounds down Medium— 500 pounds \ 1 t \ . Whether you are a depositor or not you | Good” have a cordial invitation to sconsult any
Union Trust Officer about your credit needs.
[email protected] [email protected]
ALL THE VITAMINS GOVERNMENT EXPERTS AND DOCTORS RECOGNIZE AS ESSENTIAL —AND VITALLY NEEDED MINERALS
[email protected] [email protected] . 10.50211.50 SHEEP AND LAMBS (950) Ewes (shorn)
Good and choice Common and medium
THE UNION TRUST COMPANY || rocaL PRODUCE
of Indianapolis
down
7.50@ 8.50 6.25@ 17.50
i Heavy breed hens, 23c; Leghorn hens, 20c.
120 E. Market St. Phone MA rket 4341
{ Broilers, fryers and roosters, under 5 { Ibs, 26c. Leghorn springers, 23c. Old roosters, 16c. . Eggs—Current receipts, 54 lbs. and up, 1 28'5c. Graded Eges—Grade A large, 3lc; grade A medium, 30c;®grade A small, 26c; no | grade, 26c Butter—No, 1, Butterfat—No. 1, | doc. No. 2. 46c.
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