Indianapolis Times, Indianapolis, Marion County, 29 March 1944 — Page 6

“ EVEN THOUGH IT"IS

are beginning to hear ideas about what shauld be done with the new war plants the government built—and still owns. Vice President Wallace and sonie union leaders say the government shouldn't sell them but lease them or operate them itself in competition with private industry, on the “yardstic * idea. On the other hand, Bethlehem Steel has _ already bought the mills the government built for it to operate, paying the full wartime cost of them, to keep the - gov vermnent out of its business.

What government policy will be is > the to a but an idea of what business thinks about these plants is shown in a Wall Street Journal survey of top auto manage- | ment. The auto auto parts ? tives say three things: The| _ plants are “too deluxe” for competitive operation: they cost so| much to build. in wartime that prices for them are likely to be too high; and there are too many for peacetime industry to absorb. Thus, the article concluded, the more than $8 billion invested "in 1800 factories owned by the Defense Plant Corp. are likely to end up being “white elephants.” Many of these were hurriedly erected under the pressure of war with the result that much of the work was done at overtime rates, adding much to the cost. Moreover, prices for materials were far beyond peacetime prices. Many are fireproof, air-condi-tioned and have 12-inch thick concrete floors which could support almost: any machine an auto manufacturer would use and some even are over-laid with wooden floors for precision manufacture but which would not be needed in many ordinary types of manufacturing. One manufacturer said he would rather buy from a private source, unless the government price would be too low to disregard, in order to avoid the risk of being hauled be-

Survey Shows Corporations Think U, S. Wants Too Much for Its Defense Plants A

By ROGER BUDROW

EARLY ‘IN THE GAME, we

3000 PORKERS ARE HELD OVER

‘Prices Fall 10 Cents Here | As 7500 More Hogs

| Arrive Today. Approximately 3000 hogs were held over at the Indianapolis stockyards today. from yesterday and 7500 more arrived this morning, the office of distribution reported. Sales were slow getting underway and prices were 10 cents below yesterday's with a top of $14 for good to choice 200 to 210-pounders. Receipts also included 1200 cattle, 600 calves and 800 sheep.

GOOD TO CHOICE HOGS (7500) 120- 140 pounds’ $1 30818 44

fore investigating committees “for 15 to 20 years” after the war, Despite prices or deluxe quality, a manufacturer wouldn't be likely to buy a factory unless he saw it could | be used profitably. And, until he can get a good idea of what the post-war demand for his product will be, he will be in no mood to buy. Thus, although some may be sold as soon as the war ends, most of the sales won't take place for several years later. - t J 8

ODDS AND ENDS: Living costs

declined 0.8 per cent in Indianapolis | “50. goo

in February and 02 per cent in Evansville, says the National Industrial Conference board. . .. Douglas

DC-4 transports will be manufac-}-

tured in Canada by Canadian-Vick- . Liquid savings reached $37.7) - billion in U. S. last year, SEC re-

140- 160 pounds .. 2.00@13 60- 180 pounds .. 13.85@ 13. % 180- 200 pounds .. [email protected] 200- 220 pounds .. [email protected] 220- 240 pounds .. 13.90@14 05 240- 270 pounds .. 13.85@ 13.95 270- 300 pounds .. 13.80@ 13.90 300- 330 pounds . 13.80 3%. 30 pounds .iceeeceee «eo 13.75 Medi 160- “220 pounds ............. 11.509 13.50 Packing Sows Good to Choice— - 300 unds [email protected] 300- 330 pounds ......e “ieee [email protected] 330- 360 pounds [email protected] 360- 400 pounds ... 13.30@ 13.45 Good— 400- 450 pounds .. esses [email protected] 450- 500 pounds ieieerenies [email protected] Medium-— 250- 500 pounds ...........00 12.50013.26 Slaughter Pigs Medium and Good— . 90- 120 pounds ........ co... [email protected] (CATTLE (1200) | Choice— Steers 700- 200 pounds . 900-1100 pounds . 11100-1300 pounds . 1300-1500 pounds . a - 800 pounds . oly pounds . 3 A 1100-1300 pounds . . To@18 8.00 1300-1500 pounds i 75@ 16.00

Medium—

700-1100 pounds ....eeee sone Na 1100-1300 pounds ....ceceeeees a 00@14. Common — 700-1100 pounds ....... cesses [email protected] Heifers Choice— 600- 800 pounds ......c.ceuse [email protected] 800-1000 pounds ....ecevecee [email protected] Good— 600- 800 pounds ....eeaveens [email protected] 800-1000 pounds ..... serene [email protected] 500- 600 pounds ....eeeeveee [email protected] Common— * 500- 900 pounds ............. [email protected] Bulls (all weights) Beef.

Cesanins [email protected]

weights)

ports. . . . McQuay-Norris Manufac- |G turing Co. netted $813,700 in "43 or

$7.12 a share against $534 in '42. |

. Business Week says WPB has | decided to let one company make several hundred thousand new autos, possibly Hudson, before the

a ™

Westing cv. 98 95% 853 = Young B&W... .. 15% 15% 157,

LOCAL PRODUCE wa breed hens, 23¢; Leghorn hens,

Bre liers, fryers and” roosters, ibs., 26¢. born springers, 23¢ Old roosters. 16c. - rrent receipts, 5 ibs, and up. |

Graded rade A wy 23¢c; A medium, 2c; gale A small, 18¢; grade, 18c.

Butiar—Ko, be. No,

Incorporations

Brookville Electric Co. : oe ect 8 Publish a or! ul ing Co, Inc; Bed- © ford, disscluti ne

Pg s0c.’ Butterfat—No, 1,

“Mon Spero _ Assn, Ine, increasing

under 5 i

grade WASHINGTON, March 29 (U. P,).—Gov-

Brookville, dis- | | Working bal. .

Rey 4 County Farm , Bureau G- | Crawfordsville, | capital stock | Slearings re da ae as aaa ans

ent Co 1308 W. is: agent,” hn E.

n RD 11.75 ces 10.75 Cutter and common .e 1550 10.00 Cows (all weights) 00d o.oo. Peiiaiieia in. : 33 S093 50 | Medium . cee [email protected] .Cutter and common ...... 1% [email protected] Canner . . . 8.00@ 7.75

{ CATTLE (600) Vealers (all weights)

Good to choice .. ........... [email protected] | Common to medium ......... 9.503 15.00 | Cull (70 Ibs. up) ......c.ounn 6.00@ 9.50

Feeder and Stocker Cattle and Calves

European war ends “if that is long| Steers ". « | Cholce— in coming”; other auto manufac- “0% [oinas LL... [email protected] turers are expected to fight the plan. 20.1050 pounds 11.50913.00 . The war department reportedly | “5oq- 800 pounds ... + [email protected] has recently refused to allow costs j 20-100 pounds 10.50G 11.50 of publishing a company magazine | 50-1000 pounds ..... perenne [email protected] in two cost-plus fixed-fee contract |Common— ; , 500- 900 pounds ............. 8.00@ 9.25 cases; most are o. k'd, however, | Calves (steers) being considered “morale builders.” | Good and Choice— 500- 1000 pounds ........... .. [email protected] [ Med diu 500- 00 pounds |. [email protected] Calves (heifers) i N. Y. Stocks | Good and Choice 500 pounds and down ... . [email protected] | High L Li Chan | Meg d : ig ow ast Change | pounds down [email protected] | Allis-Chal ..... 3615 36% 36'3 + 3] Am Can... 8512 ss ss | SHEEP AND LAMBS (800) | Am Loco .. ... 17% 17% 17% — 1a Ewes (shorn) | Am Rad&SS .. 9s 9a 9% — 1a Good and choice .. 7.50@ 8.50 | Am Roll Mill. 13} 13% 13% + ‘a ommon and medium ....... 6.00@ 7.50 | Am Ter . 137% 1870 1571 — la LAMBS | m To . 62 61's 61'a ~— !4| Medium and choice .......... Am Water W.. 73g Ta Tle 0 Medium and good ‘eee I Baie Anaconda . .. 257s 25% 25% -— !4|Common cee. [email protected] | Armour & Co. Bla Si Sl — ls : Atchison .. 85 64% 64'; — | Atl Refining .. 28% 28 284 + la Bald Loco ct... 19% 19% 19% — lg LOCAL ISSUES Bendix Avn ... 3614 36's 36's — 35 Nominal quotations furnished by Indian. | Beth Steel .... 581; 58's 58'; -— 1, 8polis securities dealers, Borden .. 301s 30% 30% + ‘a Bid Asked | Borg- ~Warner 35% 35% 15% — 3g Agents Pin cop com” ......... Ta LLL Celanese .. 36a 35% 36... |agents Fin corp pfd......... 2 : Ches & Ohio .. 45% 45's 43% -- 54 Btit R Stk Yds com... !.[. 36% 40 | Chresier bt 82's 82a — 3u Belt R Stk Yds pfd ......... coven | Curtiss-Wr .... 5% 5% 5% ... Bobbs- Merrill com Ls 4s | Dougan Ai to . 2 obbs-Merrill 412% pid . ~ | g re. 50's 49'. 49% 138 | Circle Theater com Du Pont 14374 153% 143'¢ — 38 | sComwith L 1 U0 reel oo ie | m oan 5% Prd. FR 1013 104'% Gen Electric... 36'y 36 36 . .... Delta Elec com 1% 12% Gen Foods .... 42'¢ 41% 42'a — Va | Hook Drug Co com 17 Gen Motors ... 57 56'z 56's — 1, Home T&L Pt Wayne Tc Lh Shs Goodrich ..... 46', . 45% 4574 — Bg ¢Ino & Mich Elec 7% pid 1164 | Goodyear 425, 42', 42% — ls Ind Assn Te 5% pfd Cor ds Greyhound Cp. 204 20 20 — 34 Ind Hydro Elec io ptd. ce... 92 95 * Int Harvester . 71 70 70 — le|*lud Gen Serv . . cae. 105% Kennecott 31's 307% 31 + a|’Indpls P & L pfd...... 1071, 110", Kroger G & B. 34's 34g 34'4 + ‘'4|Indpls P & L com ........ . 16's 18 44 43% 433 -— 3g |Indrls Railways com.......... 13 14%; 8 16g 1683 *Indpls Water pfd co... 108 6074 597s 60%, 1, Indpis Water Class A com 18 19 142 14, 14) Lincoln Loan Vo 5'2% pfd 93 7 4475 44'; 447, + Lineoln Nat Life Ins com 34 38 | 127 12 12 s PR Mallory 44% pid . . 26 27% 2112 21's 21's — 3 P R Mallory com 21; 23 331, 32% 327s *N Ind Pub Serv 5'37 pid 10112 10415 187s 18'; 18% | *N Ind Pub Serv 6, 10312 10614 197% 18% 187s *N Ind Pub Serv 7c, .... 11212 1151, 41g 4 4 — a Pub Serv of Ind 57%. ........102 105 30% 300, 20 Pub Serv of Ind com 1515 17 Ine; 9675 96% 967s io | Progress Laundry com ....... 14 16 Penn RR Jo281p 20% 290, a S90 Ind G & E 43 pfd 102 105 Phelps Dodge . 21'a 21% 214 14 Stokely Bros pr pf ........., 16% 17% Procter & G 5414 BH4lsy 5d'g 1, | United Tel Co 5% ........... 7 . Pullman . 411, 403 41 Ye Union Title con .. 23 27 Pure Ol 167g 16'; 16° ~ . Van Camp Mill pfd .. ...... 69 ‘ee Te biic st Jeo 19 16% 1674 ® BONDS Reyn Tob B 30'¢ 207 30 . Seheniey Dist . 513¢ 501g 503 Alg.rs Wi A yw. 42% .. 09. 100° ars Roebuck. BT's 86); 86 i : iY Socony~Vac . 12% 123, 1299 -— la Cent em oan SB - 51. ps 101 South Pac .... 29% 28% 28% = “Ch on Com Bldg Co 4'ss 61 . 89 83 Std Brands 30's 29% 29% = i Citizens Ind Tel 412s 61 103 108 Std O Cal . 36% 363 36% -— ls Consol Fin 5s Len 100 Std Oil (Ind).. 32% 32% 329, Ind Asso Tel Co 3155 70 .....108 Std Of \N J) 553% 55% 55. i Inapis P & L 2%s 70 . : .. 107 100° Texas Co .. 48 47% 47% — 1 Indpir Railway Co 5s 67 ..... 11 20th Cent-Fox. 23% 22% 23's — 14 Indpls Water Co 3's 68 .. .. 107% 109 U.8 Rubber 453, 45'y 45'3 4 1, Kokomo Water Works 5s 58 ..105 U'S Steel . S1'%2 51% Bl% . Fubner Packing Co 4s 54 .... 97 100 Warner: Bros.. 1213 12's 13% 1, Morris 5 & 10 8 ores 5s 50 . 100 103

Muncie Water Works 5s 66 .. 105+

N Inu ‘ub Serv 3s 78 .. .... Y i" (N Ind Tel di; 55 ees oatuss a" lou | Pup Ser. of Ind 3! vi | Pub Tel alzs 55 78 . 100 1037

| Richmond Water Wks 3 57 ...105 roc fem Corp achine Lor 58 52 *Ex-gividend P ;

U.S. STATEMENT

froment . expenses and receipts for the Lcurrent -fiscal year through Ma - [are with a eu age. » oh 71 oom

Expenses 467 834, 548. 024 RY $36, Eo us

War spend. .. 83,190,519.380 49.515.573 71 Receipts ..... 30,016.682 485 14.034,708.17 7 Net deficit ... 36,917,853.888 39,708. 605.42

Cash balance 16 694. 912,456 4513, 74 ,292 amimtin une 11,650 119,704,337, 7. 21,599,730,979 22 +304 3 4

Public debt | Gold reserve

INDIANAPOLIS CLEARING HOUSE

Treks aren ane ae nail,

“Butyl Tubes Made Here

Lloyd Wray, mold operator at the U. S. Rubber Co, here, removes the new butyl tube from the curing mold.

The U, 8. Rubber Co.'s Indianapolis plant is now engaged in the mass production of inner tubes of butyl type synthetic rubber “which hold air three times better than natural rubber” but they're all for military tires, the company reported. today. Dr. Sidney M. Cadwell, director of tire development, said that butyl has several properties su-

| | |

perior to either natural rubber or |

GR-S thetic) rubber for the manufacture of tubes.

(government rubber-syn- |

Among these are high tear resistance, no tendency to stiffen after aging which prevents splitting or cracking, high tolerance

| for foreign matter whereby sand

particles or grit or other foreign substances found in rubber materials will not impair periontte ance efficiency. “These superior characteristics and the possibility of low cost provide a reasonable prospect for this synthetic in post-war tubes,” he said.

THE INDIANAPOLIS

peak this year or in 1945,

ternational Mining Corp. hopes to find mining holding a promise operation,” Douglas has disclosed.

ON STEEL BOARD—Election of

Ga., as a director of the U, 8. Steel Corp. to fill the vacancy created by the, death of James A. Farrell last year, was announced today. .

WOOLEN CO. MAY PAY-—Plans for elimination of arrearages on preferred shares of the American Woolen Co. are under consideration, according to President Moses Pendleton. Arrears a mounted to $72.50 a share on March 15 this year.

GRAIN PRICES MOVE IN NARROW RANGE

CHICAGO, March 29 (U. P.).~— Grain futures moved within a narrow range on the Board of Trade today. By mid-session oats and barley and rye firmed. At 11 a. m. wheat was up % to off 1% cent a bushel, oats unchanged

to up %, rye unchanged to up % and barley up %.

PLANS EXPLORATION—An sctive exploration program, particu{larly in Canada, is planned by In-

i rs Hamiten aN

WLB Says Some Employers Guilty of Provoking Strikes

WASHINGTON, March 29 (U:

provocative of strikes.”

With industry members dissenting, the board rejected arguments of the Chieago. Transformer Co. le the United Electrical Workers

‘|(C. I. 0) no longer represented a

majority of its employees. The board upheld a regional

the old contract and ordered the regional board to name a panel to hear the dispute unless the ¢ompany and union agreed on a tontract within 30 days... Je union won a national labor relations board election in 1942, but after the initial contract expired

la right to refuse recognition to the

charge it with unfair labor practices. In an opinion with which three other public members and four labor members concurred, W. L. B. Public Member Lewis M. Gill said the board would continue to recognize a certified union unless there was evidence of a compelling change of circumstances. He said most collective bargaining contracts were renewed without’ challenging a union’s status but that there were exceptions.

“Just as there have been some in-

its obligation not to strike, there

to the company contended that it had 10a)

union and invite a test before the Ne 3 white oats, N. L. R, B. if the union wished to he any ivy shelled Sor, $14

stances in which labor has violated

P.).—The war labor board asserted

today that some employers, by refusing to continue recognizing unions as soon as collective bargaining contracts expire, are guilty of “conduct

The board's complaint was ‘directed at what it described as & growing tendency of employers, particularly in the Chicago area, to challenge the majority status of unions whenever contracts expired.

have also been some instances in

which management has violated its{;

equally grave responsibility not to

strikes,” he said. “One of these is

order extending provisions of [8 rowing tendency which has de-

veloped in recent months, in the Chicago area in particular, for employers: to question the majority status of .a union each time a contract comes up for renewal”

’

WAGON sion the close of s Chisago jo IAIks

red wheat (other es on their merits)

Tie and No. 3 rede $100

Scientific CREM

For information and

WASHINGTON P

EAST NATIONAL ROAD

engage in conduct provocative of}:

WASHINGTON PARK CREMATORIUM Distinguished for Its Most Thoughiful, Reverent and

the Puneral Director of your preference. § SANCTUARY OF MEMORIES—Memorial Niches

cent of voting shares of the core poration, remains a which position he said, “I believe I can best serve the interest of the business.

An added cause for resignation

“The last 12 years have not been easy and I find myself going into

111944 pretty well worn down physie

«ally and with a consequent lack of enthusiasm and vigor.”

Method of ATION

arrangements congult

ARK CEMETERY

‘Wrigley, said to control 31.83 peg director, in

was indicated in his statement tha

nM TAM

Cadet Mauric - Soon to R Win : stationed in th school at Pampa

tion Cadet Mauri son of Mrs. Mary

“Shelby st, will 1

wings and officer's

I Pvt. Thomas S

Fhomas 8. Elliott

is at Keesler field mine his qualific aviation cadet. Promoted { Alfred W. Good of Mrs. Mary L. Gray st., has been upon gradua ion ordnance c kla., : Walter R. Whit Mrs. George A. | Arlington ave, is for the petty offic than 3-c, upon co ihg at the Univer Madison, Wis. . * — ! Machinist at s service command land, where the , Flying Fortresses |

ert J. Schafer, sor John H. Schafer,

Keeping Pace with War

In this great war of manpower and materials; distances are vast and time is always pressing: Wh ever a war job must be done; there is need for ae telephone. To keep up production in plants and on farms; to train and equip troops; to carry on essential civilian activities and the many wartime functions of Government—all add up to an urgent need for more telephone service than ever before: :

Lines and equipment to serve more customers have become increasingly scarce. The manufacture of new telephone facilities of all kinds for civilian use was brought to a halt early in the war: The basic materials that go into telephone plant—and the factories for making it—are being used for war production.’

We have been doing everything we can to make the most of what we have. Short lengths of usable ‘wire are painstakingly salvaged; older equipment is re-conditioned and made to do:

& We're Doing the War Jobs First

We have met all requirements for telephone service essential to the war— and met them on time. This, we will continue to do.

We are also installing service for others as fast as facilities are released by customers who discontinue service, but we now have on file about 25,000 applications throughout the state for service that cannot be provided immediately. The waiting interval var. ies considerably in different localities—a long wait being necessary wherever the shortage of cable plant and central office equipment is particularly acute.

We Appreciate the Public’s . Co-operation ’

Telephone installations have been subject to var. ious necessary governmental restrictions for some time; and delays on Long Distance calls are unavoidable when the lines are congested. The patience and understanding of telephone users; their splendid spirit of co-operation, despite considerable inconvenience in some, cases; have been of great assistance to us: We sincerely appreciate it: We are

making our plans now to meet all requirements for service just as soon as we have the materials and facilities to do it:

+«

What About Telephone Company Earnings?

With our local and Long Distance facilities so fully utilized all through the year, our revenues were up 15%. However, the costs of doing business increased in slightly greater proportion and net earnings were again below the average of the three years preceding the war: The Telephone Company's “cost-of-living,” 80% of which now goes for payrolls and taxes, has risen very rapidly in the last five years. Telephone service must be provided 24 hours a day every day, and it now takes about 5,000 men and women to do the job in this Company. Telephone work requires many special skills; and our people must be capable and competent. In five years, our force has been increased by 50% and payrolls are up 70%: .

Heavy taxes we must all pay—and pay cheerfully

—if this war is to be won. Ours are up 150% in five

years. Our S-million-dollar tax bill for 1943 was equivalent to $1.25 per month for each telephone in service. (This does not include an additional 24 million dollars in direct federal taxes paid by our customers for the use of telephone service.) There is now more than 61 million dollars invested in our telephone plant; other assets needed to carry on a going business bring the total to nearly

63 million dollars. Our earnings for 1943 amounted -

to 4.66% on that investment

« Service Improvements Postponed by War

The telephone industry is one of the most dy namic in American life: Its birth, its rapid expansion and its great technical progress have all taken place

INDIANA BELL

. | ~ % At the Telephone Company, we firmly believe that it's up to us to do all , We can to , provide the kind of telephone service. the public wants —when and where it is wanted. This

review from our Annual Report for 1943 is to let you know how we are getting along with that job.

within the span of one lifetime. War has interrupted this continuous development, but we are planning

to resume after the war our long range program of

improvement in facilities and in service. There was no new telephone construction last year, except for a few, small additions essential to wat, and there is no way to predict now when mas terials for our use will be available again;

Cog Increased Rates May be Needed

At the present time, however, there is a very cons siderable need for additional facilities: Practically all of our facilities are now in use, and if the demand for telephone service does continue well above prewar levels, it is certain that very extensive additions will be needed just to restore our normal margins

of spare facilities. We can’t provide a customer with °

the kind of service he wants, when and where he wants it, unless we have spare facilities ready for service in every neighborhood. To restore our normal reserve of spare plant will require a large additiofial investment for facilities that do not produce a corresponding increase in revenue. The costs of furnishing service, such as payrolls and taxes, are likely to continue to be high after the war. If so, the present telephone rates may not produce sufficient earnings to induce people to invest with us the additional funds we will need:

+ - Kor the Future

With your continued understanding; we shall again move forward after the. war striving always to furnish more and better telephone service at the lowest cost to the user that is consistent with the

fair treatment of our employees and the financial

safety of this business. ie

PRESIDENT

COMPANY

has been promote has been in Eng

WAC Prt. Mai College ave., is v Camp Shanks, N.

FREDERIC PERMANENT WAVES

$5-$6.50 _$1.50-S10 Tiariag $2 and SET—

MITCHELL |

$43 Mass, Ave.

Rll

| * SQUAR CLOTHING & J

3S Years in the L

438458 Alay: 3 Suen

Sus