Indianapolis Times, Indianapolis, Marion County, 12 May 1944 — Page 27
© War Plants Built by the oT 5 | 8 Only 1050 Shipped Here;
| THERE IS A GOOD DEAL OF TALK LATELY about| 9000 Are Held Over; | what will be done with the fine new factories built here for war manufacturing. Will they be scrapped? Or kept by the government as part of a permanent arsenal? Or will they be bought by the companies now operating them, on "a fee basis, and converted to peacetime manufacturing? None of us, hoping for a, prosperous Indianapolis in peacetime, wants to see these plants junked. Whether or not the government keeps them will depend chiefly on ‘what Washington decides. As to the third course—purchase by private companies—I would like to report the viewpoint of one manufacturer, in order to show you the problem that
is confronting him. : “5 GREAT BRITAIN
would he buy it? He just could not say yes or no to that question now. Non-Military Capital Goods Not Included i
In the first place, how much in Lend-Lease.
WASHINGTON, May 12 «U. P). —Creat Britain, fully “tooled” for war purposes, is paying cash for virtually all non-military capital goods received from the United States, lend-lease officials said today. The same was said to be true of all goods or supplies sent 10} 1300Britain for export or fabrication for export.
The new policy, not yet formal. ised but already in effect, has been made possible by the fact that British factories, through lend-lease,
Government Senate: Group Will Study
Wheeler-White Measure.
By CHARLES T. LUCEY Seripps-Howard Staff Writer WASHINGTON, May 132.—An attempt will be made before tne senate interstate commerce committee next week to pump new life! into the long-delayed WheelerWhite radio bill” The measure is intended to clarify issues which have frequently embroiled the broadcasting industry. The industry generally favors a|. new basic law which would define clearly the powers of Chairman James L. Fly and his federal communications commission associates with whom it has often jousted. Broadcasters who believe that recent supreme court decisions may give the FCC power to control programming, and who long have protested against censorship in any form, are largely concerned in get-| ting legislation which would provide protection against this. The bill, it 1s believed, will provide that no applicant for a broadcasting license shall be denied a license because of occupation—that | \newspapers, for example, would not be barred as a group from sta- | tion ownership.
Fred W. Giesel, business manager of the Cincinnati Post, a Scripps-Howard newspaper, will discuss “What My Swiss Relatives Think Will Bring Lasting Peace to Europe” at the Indianapolis Advertising club dinner meeting
10.00912.50
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ley R. Gallahue, William C. Grauel, Henry Holt, Omar 8. Hunt, Don B, Jenkins, LeRoy J. Keach, Irving
BOARD OF TRADE TO ELEGT NOMINATORS x: tome rors 2, omen
Members of the Indianapolis Richey, Victor C. Seiter, Obie J. Board of Trade will cast ballots) Smith, Bdward J. Wuensch and
| Wins) Wednesday for seven members of| EF * . | | The FCC for a long time bottled
! ’ action on the bill two weeks the nominating commitee nich ENERAL DIRECTORS up nevapaper ownership sopiicac| © POINTS UNDER 743 os
pier Rep. Eberharter (D, Pa.) tes{tified that the National Bditorial | tions, but has granted some in re-| LAFAYETTE, Ind, May 12 (U,| . nual election June ni on NAME KEMPTON MAN cent weeks since passing the ques- P.).—Purdue university reported to- | A o,. Svugh a advertising Governing comm mem | tion to congress for final solution. |day that the Indiana farm price] : make a commission whose terms expire in June are| Ralph McMullan of Kempton was| 4 chief objective of sponsors of index on April 15 had dropped three OF $1250.00 out of the total 13% George L. Denny, E. Clifford Bar- elected president of the Indiana Fu- he
P > . oto 15 million dollars a year to the bill is to provide equal oppor-| points from March and six points rett, Ernest R. Baltzell Otis M.|neral Directors association yester-| tunity for public figures attacked | from the same date in 1943. spent for war bond advertising. Earl, George H. Evans, William P.| 400 ot the close of the 84th annual
on the radio to speak their piece| Based on Apri] prices during 1935-| INCOME PAYMENTS to individe
1L15@ [email protected] . 1L05@11. 11.05@
sRssRRevestee Freasasesscas
11 11.10 11.00911.10
Bi pees
eo pons... CATTLE (225)
wives, have been invited to attend. The speaker, who is a graduate of the U. of Kansas, is Swiss, and before the war, spent considerable time in Switzerland.
work was on *[email protected]
overtime and Sunday, time and one-half and double-time labor costs. He could build the same plant cheaper after the war, on just straight-time Mbor costs, Yes, it's a fine factory, certainly the most-modern of its kind. But it was built to make just one thing, one specific war product, For peace~ - time , one big section of it, including the machinery there, it is just twice as big as this manufacturer needs.
later for a vote or further hearing.
[email protected] {Lacking a rule from the committees,
[email protected] [email protected] 16.0042 16.50 16. 16.50
15.00@ 16.00
| 218 members.
STATE FARM INDEX | “re mies
+. [email protected] [email protected]
15.009 15.75 15.00@ 15.7%
. Circle
A lot of new machinery will be needed in another department. Much of the present machinery must be taken out, that costs money, And it's owned by the government—where will they put it? Out in the weather? It costs money to store such expensive equipment. Moreover, the ‘plant has cost more than originally contemplated because the government has changed its mind several times, taking some of the original machinery out, putting in other equipment to make a different war product, then switching back to the original product again. All that adds to the Cost. Can the manufacturer be expected to pay for all that? Obviously the answer is no. It will be difficult to arrive at the right price, one that the manufacturer can afford to pay and still one that doesn't start some sections of the [public howling. Just keep in mind, .when the day the sale is announced, that there is a good deal more to the matter than may appear on the surface, NOTE: Two things about Indianapolis have impressed this manufacturer, are reasons why he would like to buy the plant here. “He has had little labor trouble and says frankly the efficiency of his employees here compares favor ably with those in other plants. The other reason is the city's location, smack in the Midwest, close to a great portion of his peacetime customers. . That makes for lower distribution costs. ss =.» A JANITOR clinched a recent business deal here. An was trying to wangle use of a big billboard to display a war message. The owner of the billboard needed a janitor. The organization had one. The war message is on the billboard. . . ! ODDS AND ENDS: About 42 [- per cent of International Harvesters production (all plants taken together) now is non-war, being
farm implements and trucks. . . . Carl LL. Norden, Inc, bomb. sight manufacturer which, through Lukas-Harold Corp. operates: the naval ordnance plant here, has sold its large recreation center in New York: a four-block, 13-story industrial building, with a helicopter airfield on its roof, will be built _ there after the war. -, . . Sylvania Products, finding a 3500-employee factory the most efficient, plans to expand through new small plants, instead of adding to old ones.
LOCAL [SSUES
Nomiral quotations furnished by Indian. apolis sequrities dealers.
Agents Pin Cop com Agents Min Corp pid Belt R Stk Yds Som . pit R Stk Yds pid .... 'obbs-Merrill com .. ... Bobbs-Merrill 43% pid ter com it v 87% pid
1% tain supplies and materials, and
...ifor a long time. The discussions
05 , |certain totally useless to the war effort.
| subject «| tious.
have been sufficiently equipped with
Flynn, Mwray H. Morris, Edward
machine tools and other facilities grevsanrens 1400315.00 for war production. Any such capital goods which Britain obtains now’ will be for post-war purposes—and the lend-lease act prohibits lendleasing anything “except for war
Bulls (all weights)
8.754 11.00
Good edium . M 8.25@ 9.7%
Cutter and common..
purposes. Statistics released in congress during lend-lease hearings recently show that the trend of exports for. cash has been upward whereas Medium Fanny there has been a tapering off of Cun and common lend-lease shipments since the peak last July. For example, in December, 1943, expres i cash Common to medsim were nearly 30 per ce of total Common .. ..... exports which include lend-lease— | Feeder snd. Stocker the largest ratio since 1942. American industrialists have been concerned for a long time about Good post-war competition *of British| Soo” oo To nas ties industries, many of them developed | Medium— and equipped with the help of lend- S510 pounds Area N SE RaR . lease. Therefore, they have been | 500- 900 pounds insisting that when actual British | geod and Choice— war needs are met such capital] 500 pounds dowm ......... “
Med! goods transactions be on a cash | "550 pounds g
basis. Good and Choice— Ever since last Nov. 15, it was! 300 pounds down * "” -“ "” um learned, “machinery” and “other” “go pounds OWS... industrial goods as shown in lend- ‘SHEEP AND LAMBS (30) lease reports been provided | E Britain only nave a =P Nied Good and dolor ii n 1 ot us and medium those items, respectively, were | Good and choice . $1,060,000,000 and $904,000,000. MadiGm ang good
Constantly Reviewed Negotiations for putting nonmilitary capital goods exports to Britain on a cash basis have been under discussion here since last|.s summer. The entire problem is constantly being reviewed, officials said. | War Food Administrator Marvin The negotiations started with a Jones told a group of farm senators request by the British for relaxa- | today that the government's freeze tion of a 1941 agreement under order on corn sales will be lifted which the British promised not to within a few days. use “any material similar to those! Jones said the order will remain supplied under lend-lease in such in effect only until the Commodity & way “as to enable their exporters Credit Corp. can get commitments to enter new markets or to extend and contracts for 65,000,000 to 80,their export trade at the expense 000,000 bushels needed to keep corn of United States exporters.” That processing plants in operation. commitment was made by Foreign! Farmers already have committed Secretary Anthony Eden in a move 45,000,000 bushels, he said, adding to counteract American suspicion that “we ought to be able to get that the British might re-export {the essential supply within the next lend-lease materials, {few days.” a 1941, however, Britain was at bottom of its cash barrel, her foreign exchange balances having N. Y. Stocks Net Last Change 3.
Cows (all weights) ... 117561335 i . [email protected] viene... [email protected] ; . 6.759 835
Cholce— . [email protected] 12.509 14.00
. [email protected] [email protected]
10.009 11.00 [email protected]
down ...... ... , [email protected]
[email protected] cevees o 10.50912.00
6.50- 8.00
[email protected] ceess 11.25 14.75 .... [email protected]
CORN FREEZE TO END IN A FEW DAYS
WASHINGTON, May 12 (U.P) —
been exhausted hy huge purchases of war materials in this country. Since then there has been considerable improvement in that pic~ ture as a result of lend-lease.
Unable to Compete When negotiations started for|Am relaxing the Eden commitment British officials pointed out that if it were done, British industry would not be able to produce any large quantities of goods for export
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thus became primarily concerned with defining possible exceptions | Shrysier when changing war trends made supplies less useful or
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Gen The trend of the discussions | Goodrich headed early in the direction of permitting commercial use of cer-
permitting continued acquisition of |i
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cases where the items were paid for in cash. The policy in effect now is gener~ ally that. There is no rule of thumb, | Ohie Oil however; officials emphasized. Every | pac "sd item requested by the British is considered separately and in the light of the lend-lease act and the established in the last year. The Glakiissions on the entire Officials involved — British and Americans—have tried
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tHE ERLE
Pik Ht] PU pr prrerr ® PESEIEE WF
B. Raub, Roy Sahm and William R. Evans
12.00G14.00 Candidates for the nominating’ was re-elected ‘secretary-treasurer. 10.009 12.00 COmMMittee are Reily G. Adams, C. pangld ©. Ulrich of Moores Hill was
| D. Alexander, J. Martin Antrim, {| Harry J. Berry, George M. Bock-
[email protected] stahler, W. A. Brennan, Volney M. | L. Poindexter of Washington, second [email protected] Brown, Marvin E. Curle, Carlton vice president; and J. Harold Fife of
B. Edwards, Brodehurst Elsey, Dud-
in reply. Coupled with this in the minds of some proponents of new legislation has been the idea that radio commentators should be on
meeting at the Hotel Lincoln. Herbert R. Wald of Indianapolis
elected first vice president; Verlan stations might have greater free-
dom, without influence from advertisers, in providing time for reply in controversial issues.
East Chicago, sergeant-at-arms.
.
sustaining programs only, rather power of farm products declined | compared than hired by advertisers, so that two points to 126, the grain price| with $11,404,000,000 a year earlier.
| 39 as 100, the current index was 166, | uals during March ran 400,000, ithe report said. A year ago it was above rig » 0 | 172. |riod, the department of commerce The state index on purchasing reported today. March payments aggregated $12,804,000,000
index fell six points to 178 and the| ————————————————— | livestock index dropped one point to! Alrway-Eleetrie Appliance Corp. 158 during the month, the report March quarter net loss $37,448 vs. added. ‘nett profit $61,653 year before,
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