Indianapolis Times, Indianapolis, Marion County, 24 November 1944 — Page 31
V. 24, 194
ded |
ruce Robison courage amas he Times re-lothe-A-Child
all bouts are o the round, U. judges and jystem. L as draw de meets. One ust be examn time once’ minations are
The young- . A number ivate gymnae tourney time
amps 2ason
45 high school hits its crescende ight when Evanse ding state chame the hardwood for
, featuring Bryan diminutive mite tossed Bosse to gle with Mt. Vere in what should or the all-veteran
rected tonight by erstwhile Evanse , who will handle luring the {illness Keller, sidelined Iment. rep quintets shoot ictory within the er 10 teams ate back from mide
nd Lafayette Jeff mid-week victors and Bloomington ere the mild-week jainst each other, hen, Auburn, Ele Bedford, Delphi, >, Bicknell and
ther fives eyeing.
“ hat trick.” Ft. Jatholic, Alexane .banon, Muncie lle, Plymouth and to salve the ig ats.
Football
and Marshall 0 |
0. | rd 14, Catawba ¥, | rry 6. , h 18. 4. h Carolina 13. 41, Abelene , Sewanee 7. : ite 6. , State 13, Valley 6 (tle). _ Southern Idaho 34 "HOOLS 8 13, GCerstmeyer
emy 7, St, Mel's of 24, Evansville Moe 3, Webster Groves
tting
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hing in the sn't fit you and women because few
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n de pA fi fonds s that have
‘U. 8. by the British commonwealth
EEE
ND LEND-
ie
President Quashes Reports of Post-War Extension; Opens Door for U. S. Credits and Loans Program; [British Total Reverse Aid at Over $3 Billion.
b
WASHINGTON, velt fold congress today that
lease “should end with the war,” but that the united nations
“partnership” must continue an enduring peace. The President said in his ations that the allied system replaced after the war by united nations” capable of quelling aggression, building economic foundations” for prosperity and furthering civilized progress. While quashing reports that the administration hoped to extend leand-lease operations beyond the fall of Germany and Japan, the President's message left the door open for a program of post-war American loans and trade credits to help foreign countries restore their war-strained economies,
The report, devoted solely to reverse lend-lease provided to the
of nations, said Britain and her dominions had furnished $3,348,127,000 in services dnd supplies to this country in the two years ended June 30. Mr. Roosevelt's report was made publie a few hours after the British government issued a white paper reporting that the United Kingdom had provided American forces with $2,437,062,000 in reverse lend lease. The President noted that an additional $911,065,000 had been provided by Australia, New Zealand and India, + 2
U. 8. Shipments Announced
VU. 8. lend-lease shipments and transfers to the British empire during the same period totalled more than $10,500,000,000 while another $18,500,000,000 was chanelled to other united nations, according to lend-lease records. British and American officials reportedly are discussing a plan to provide Britain with $5,000,000,000 fn American credits to regain her economic balance and re-enter world trade and there has been talk of a $2,000,000,000 credit deal between this country and France.
. British Cut Delay
Mr. Roosevelt said that without Britain's contribution to U, 8. forces the invasion would have been delayed “many months.” “It would have required a thousand ships to send across the Atlaptiq what wes received for our men through reverse lend-lease from the United Kingdom,” Mr. Roosevelt reported. “We were able to use these thousand ships instead for carrying supplies and equipment that had to come from the U. 8.”
Brought Victory Closer
Reverse lend-lease from Australia, New Zealand and India, he added, provided increased quantities of supplies including 9500 landing craft, to Americans ifi the Pacific during the six months in which they prepared for the invasion of the Philippines. The vost lend-lease program, Mr. Roosevelt said, “has brought and will bring” final victory months closer, but lend-lease and reverse lend-lease “are a system of combined war supply . . . they should end with the war.” The British inventory ‘covered-a vast range of goods apd services provided for American forces based on the isles—133 airfields complete with headquarters and depots, spe-clally-built hospitals housing 100,000 beds, 200 Red Cross clubs, more than 1,000,000 high-grade airplane spark plugs, 2104 British aircraft, 870 aircraft engines.
“Mulberries” Provided
More than $100,000,000 in materials and labor went into construction of “Mulberries’—the prefabricated harbors floated to Normandy to provide allied forces with two invasion supply. ports. 1 The services: included use of British trans-Atlantic liners, such as the Queen Mary and Queen Elizabeth which carried 865,000 Americans in uniform to the British isles,
Materials Transferred to U. 8.
Another $54,000,000 was expended by the British for food and raw materials for U. 8. forces and $100,« 000,000 ‘went for other supplies, including munitions and aeronautical equipment that have been transferred or ‘exported to this country, “This report,” the British sald, “may serve as an indication of the magnitudb of the resources the
United Kingdom, notwithstanding its own pressing needs, has made
avaliable for the needs of the alHes.”
A i Indianapolis Water
Company
DIVIDEND NOTICE
_ | which they think unions should Preferred Stock ‘| work, factory t-eatners Msted Ry ana 1, On Ont! the following fn order of tmpor-| : rd of | tance Protection of present wage| BEES rates, guaranteed yearly wages, : company - paid pensions, higher tock, lass hy rat |
‘Nov. 24 (U.
FRIDAY, NOV. 24, 1 04: 2
LEASE | WITH WAR--FDR
P.) ~—~President Roose-lend-lease and reverse lend-
and grow stronger to assure
17th report on lénd-lease operof combined supply must be “sg permanent and stronger
50% RELY ON U. S. FOR JOBS
SFactory’ Reveals Labor Expects Considerable
Unemployment.
By E. A. EVANS By Scripps-Howard Newspapers WASHINGTON, Nov. 24. ~Nearly half of the 17 million wage~-earners in American manufacturing industries look primarily‘to the government to solve the post-war job problem. Less than one-fourth of them ‘believe that industrial managements will do as much as the government, while only 14 per cent of them expect labor-union leaders to play a foremost part. And more than half of them look for a considerable amount of unemployment in the first year after the European war ends. These are among the findings of a survey conducted by the Opinion Research Corp. of Princeton, N. J. for Factory magazine, published by the McGraw-Hill Co. of New York. The survey, according to Factory, undertaken “in the interest of tter understanding between management and worker, and hence of greater industrial efficiency and national prosperity.” Private Trade Favored
A recent Gallup poll, the magazine points out, revealed that Americans in all walks of life are overwhelmingly in favor of “taking the government out of business after the war.” Therefore, it asserts, it may be reasoned that the public, including factory workers, does not necessarily desire immediate and complete socialization of industry: However, it continues, the survey of industrial wage-earners' opinion
to turn to the government for the solution of any problem.”
Reasons Given
Workers who expect the govern. iment to do most to solve the postwar job problem gave such reasons
ernment’s responsibility; it ‘always comes to the rescue. Government will have most of the power. It has helped labor, and will do much for labor. Those who have more confidence in industrial management said that heads of companies have more at stake in preventing unemployment and are “more competent.” Those who place their faith in union leaders think that such leaders have more interest in workers’ problems and that “unions are strong and can bring pressure to bear.”
Other Findings Listed
Other findings of the factoryopinion research survey: Of the seven in every 10 factory workers who belong to unions, 40 per cent rate their local union
rate their leaders “average.” Seventy-two per cent of all industrial wage-earners believe that the workingman’s best chance of making a good living lies in join. ing & union. Two-thirds of the
that unions have helped them most by obtaining higher wages, better working conditions and job protection. Would Change Unions
Three-fourths of the wage-earn-ers would make changes in the way ‘unions run things, “if they had their say.” Slightly more than that
out of 10 favor the open shop; a slightly smaller number, the union
8 3
5 f
¢
does “emphasize today's tendency”
as these: Unemployment is the gov-| M
leaders “good,” and 42 per cent Cholce—
union members questioned think
which Curtiss planes have served
Buffalo, N. Y., plant,
Emblazoned with insignia of all the 28 VU. S. air force units with
fighter—a P-40 Warhawk—is shown above on trial flight near the
in this war, the 15,000th Curtiss
Air Agreement
Is Announced
CHICAGO, Nov. 24 (U, P.).~ The U. S. and Britain today made public their -individual proposals for settling the issues which have deadlocked the civil aviation conference and revealed they had agreed in principle on a definition for freedom of the air. The British document said the following “modifications” had been made in the original stand taken in the basic “position of the British delegations. 1. Acceptance of the fifth freedom of the air—‘“the right to pick up and set down traffic to and from destinations not in the country of origin of the air craft.” 2. Limitation of the functions of the international authority to those of advice and recommendation, 3. Inclusion of a provision to insure that the efficient operator is able to expand his activities in proportion to the trafic which he attracts.
HOG PRIGES UP 10 CENTS HERE
a = aan J Other Weights fre Steady; 9200 Porkers Are Received.
Prices on 160 to 400 pound hogs were steady to mostly 10 cents higher than Wednesday's best prices, at the Indianapolis stock yards, according to the war food administration. - Prices on hogs under 160 pounds were steady. The top was $14.25 on 200 to 240-pounders. Receipts included 9200 hogs, 575 cattle, 550 calves and 1800 sheep.
GOOD Yo CHOICE HOGS (9200) 120- 140 pounds 140- 160 pounds ... 160- 180 pouncs ...
240- 270 pounds ... o i Bai 2 » 14.05
360- 400 pounds ... [email protected]
400- 50 pounds ...evsseere.e [email protected] Sho. 300 pounds sersrssrieen [email protected] 80. "850 pounds .. eens [email protected] Slaughter ns Mediem to choice 90 120 pounds ............. [email protected]
CATTLE (37) Chiled Steers 900- 900 pounds ..... ol pounds .. 1100-1300 pounds .. 1300-1500 pounds Good
- 18. it 0817.18 5 : 8.28 3" he bit. 25
STATE BUSINESS CONTINUES DROP
Consumer Buying Is Not Affected by Decrease, Review Says.
Times Special
THE INDIANAPOLIS TIMES 15 000th P40 Makes Trial Flight
LESS INFLATION
Dodge Says Gradual Price
Wartime limitations have built up “enormous potential demands” for higher price level is anticipated, inflation will reach the proportions Corp. sald today.
prices?” the corporation stated in a study of price behavior that at
a brake on inflationary trends.
effective. this time,” according to
BLOOMINGTON, Nov. 24.—If the downward trend of Indiana business which began in-September ahd carried through into October con-| tinues, the last quarter level of | business in the state will .drop below that of the first quarter, Indiana university's Business Review discloséd today. Unless the war continues much longer than is generally believed, it is quite probable that the peak of production and employment has been passed, the Review said.
Generally, both employment and pay rolls have been declining for nearly a year, although neither is significantly below a year ago, the Review continued, but since both are exceedingly high in comparison with any normal peacetime period, the drop has had no effect on consumer buying.
City Jobs, Pay Lower
In Indianapolis, both manufacturing employment and pay rolls in October were two per cent less than in September. Non-manufacturing employment and corresponding pay rolls wege up two per cent and four per cent, respectively, in October, according to the Review. October bank debits increased nearly seven per cent over the previous month, but were fractionally lower than October of 1943. Post office receipts rose 15 per cent as compared to September, and were 35 per cent above the corresponding month last year, Newspaper advertising was up 10 per cent over September and one per cent’ above October of 1043. Building permits valued at $488,301 were issued during October, and in-
“Jo cluded $25,500 for nine-family resi-
dential construction, the Review
= stated,
Live stock receipts showed a gain
270- 300 pounds .. . ‘ of 13 per cent over September and 300- 330 POUNdS ......cenenns 1408 ...|were 11 per cent higher than last 330- 360 8 ayo rive voor IH ate A ha, Po 8 14.05 y figure. 160- 210 pounds ............. [email protected] Packing Sows State Trend Down 2170 eS 13.75@1385| For th tate facturing - PACER 1 : e sta manufactu 270- 300 pounds ... I : : : 330- 360 pounds... I. 13.10@13 08 | employment and pay rolls dropped
about two per cent in October, The decrease in employment was about the same as in September but the payroll drop was slightly more than a month ago. Indiana coal production in Qetober was approximately 2,300,000 or just below the monthly average of the year thus far. Seasonally, steel production was the smallest since May, although the actual tonnage was still very large, Electricity production did net
Joo- soo pounds .. .. [email protected] -1100. pounds + [email protected] 1100-1300 pounds Tr [email protected]
1300-1500 pounds .. Medium « 700-1100 pounds .
essere seses [email protected] 1100-1300 pounds siiecceescess 10,[email protected] Common. 700-1100 pounds ......... wees [email protected] . Hellors 0! 600- 800 pounds ........e0.s. [email protected] wsensssecaces 15.50016.78 600- 800 48 suservenninen Baia [email protected]
make its usual expansion in Oetober, but nevertheless above that of any month of the past two quarters. Newspaper advertising was seasonally smaller than in September, Bank debits were seasonally the lowest since July.
N. Y. Stocks
[email protected] vr | Agente in Corp com........ Pa Ake = ¢ gents Pin Corp pfd......ee.e 20 es 1.50@ 9.50 High Low “Last Change Ayreshira CGll com Tere 14 [Am Can ....... v - s com 40 od De Me 2 ve = ul|Belt R Stk Yds pid Medium ....... +... Rad & 88 11% 11% 114 — Babba-Merrill com or Cutter ‘and common Roll Mill .. 14 14 in errs I bbs-Merrill 4'2 pfd .....00 ‘0 COMBE vavseoninsrrisssnsrisns Am TS xr. whi lea 103% 1 + Santisl Soya com nes 33 4A Bulls (all weights) Am Water W “a A cer |Comwlth Loan 5% pfd......./106 108 Bee: An , a 3 Wy (Delta Elee com ...........000 13% Good (a11 WeIGhtA) 1vsee.s. 100001150 ANSCONAS : : am Wn fae + %!Rlectronte Lab com .....ll! 5% 8 “dont [email protected] roo i sh 88% — yo) BOUL ETAR Sr Wayne 7% pid. ay, 0 Cera saerasasrtes sennns Atl Refining 28% 28%, 28% .. ome ayne 7% pl ‘ Caner R a seasenns 1d 0 ct 241 r—— Asso Tel 5% pid Cutter and common “ive e008 17 7.8 Ben Ind he : 2% + +9 as Ind Se ry. Cerresenens Beth Steel ..... 61% 61 Va — yp|In ch El p Ve ALVES (530) . Borden .......: 16 115% 118% ... |Indpls P & L pd .... ealers (all weights) rg-Warner ,, 38% 38 a8 — 'yy|Indpls P & L com .... Good to choles ..... vevesaiees [email protected] Caterpillar Than 9 84 = Ya Indbls Rallways on. Gotin Uy malin]... 3 yam Cle x. M_ 47h M+ indls Water Gi J Curt 6 ) e at Life vese 18 17 Foodor and Stocker Cattle and Calves Douglas Aire .. oar, oar sere T 1*|Lincoln Loan Co Si Bid... 98% han Steers Du Pont ...,.. 154% 154 © 154 +4 % Lin-ay you 2 08 Gen FBiectrio « 30% 30% AV — allory 4%:% 800 48 craseenie 0 1. ’ 800-1080 a 8 8813.08 | Goodrich seaty “ no Xi tin B Mulory com"... 500 800 Ts “ .00@ 10. Gooshoar Cp..23% 23% 23% + | *Pub Serv Ind 5% sad Pounds sein: 10398100 hy Harvester 1 1 ams ty up Sery of ind com a a . ‘ -1000 ssssereninese 8.75010.00 Kenn, necott 36% 35% 35 Ross Gear & Tool com =1000 pounds oy Sean qannae Q Kroger a & B Mh 37 37 ‘ ¥ n BoInd G & E 4.8% 500+ 900 48 ..iivienin.ee 1.500 0.75 L-O-F O 523% 82's 52% we V| Stokely Bros br 0 Calves (steers) | ocknesd “ret. Ih 19% 519% — 1h Unjieq Tae rol Good and rroiliatinah R ERER | | TTI Tl = 8a poner” do serassenns [email protected] MaIHD (GQ (Glenn) Te a ah —1 BONDS TN yy. 78 bounds down .......... . soominas|Nat Bust’ BB BLT American Tous fs 81.0... 38 foi’ Calves (heifers) a 8 .. 38% 35%. 38s — Yl American Loan 5s 46....... Rn NY Cetral _. 18% 18% IN — 44|Ch of Com Bidg 41s. di... 86. 90 a wo iid seeneasiers 100Q1AB{DUGRE, IT. BA 20. 3A 24 .... a, ell "1 300 pounds dOWB ............ 8.001050 PAR AT Alr ... 30%. Wis i; %| ind Asso Tel Co dias 10". 0] aM SHEEP AND LAMBS (1500) Penn RR iss 20% wy $V, ¥ indbis Palivays Co Co 8s 67... ik "5 Ewes (shorn) Procter & .. 88% 867 88% + | Kokome Water Wks 58 86... 1081 Wate 58 58...,.108% ..... Good to on sabe vise ; $000 6 .00 | Pullman ....... 47% 46% 46% + Yi |Kuhner Packin 9 Common to medium :..%..... . 3.000 5.00 Pure Ofl Ceneige 16% 16% 18% + ¥% | Muncie Water EER iby he Hoi |§ESRED GON Good and sasvsniianses [email protected]| Servi Ing. 0. 10% 1918 lon |: of Ind 3% 4 Sheice eee a 19% .... |Pub Berv of Ind 3%s 1 .108 Commi, BOO Liisiinninnn 20 nal 3a Bocony-Vacuum 13% 13 13% Pub Tel 4%s 5 y 100 1 ereenenn peseeseanens 00 South Pag .... 33% 3% = Richmond Water wis 8s 67... spads Std Brands . 28% 28% 28% ¢ Term Corp 58 57...... foe DV 0414 od nN Oil (N. J). 84a Biig : Tenn nn 10 Ron SOD 10 LOCAL PRODUCE
Ho Te SS = i wit E >= mm ggaqa Ei HE Sesser Perl UE HE 5 saws SEs
(Fn al igh in U.S. STATEMENT
1 WASHINGTO
[some “striking” similarities as well |as important differences, Holden
sudden, removal of wartime con-
anticipate price deflation, he stated.
. SEE
he, Mu owe, hi tor z
THAN 20 SEEN
Control Removal will Curb Rise.
- NEW YORK, Nov, 24 (U. P.)~—
new housing but although rising construction costs and a generally
it “seems unlikely” that post-war
of 1919-1920, the ‘F. W.- Dodge
Asking “What about post-war
least three factors have acted as “Price controls have been more
Thomas 8. Holden, president. “Business executives and people generally are more keenly aware of the dangers of rapidly rising prices than they were 25 years ago.”
Government Action Predicted
Furthermore, Holden anticipated governmental action to avoid “drastic deflation and widespread unemployment likely to result.” ’ Between the present situation and the world war I situation there are
said. First, he pointed out, wartime- spending by government has spread purchasing power widely, increased savings and the volume of money in circulation, and widened the potentialities of credit; second, government debt has increased, and is enormously greater amount this time; and third, wartime limitations on civilian construction and on production of civilian goods gengrally have built up ‘enormous poses. tial demands.
Adaptability Now Greater
“Price controls have been much more effective this time,” he said. There will be a partial reconversion to a peacetime economy in the period between “V-E day and V-J day” and gradual, rather than
trols. He said government must procure adequate materials to finish the fight against Japan, to support the armies of occupation and, possibly to aid in some measure the reconstruction of devastated countries. He declared too that productivity of American industry and its adaptability to quick shifts in production schedules are much greater now than in world war I.
Public to Determine Trend .
“These differences are on the side of curbing inflationary tendencies in the post-war period,” he said. “Actual price behavior will depend in large part upon the behavior of the spending public.” Economists are not in full agreement as to what actual post-war price trends will be as some even
He sald it should be pointed eut that, while raw materials actually or potentially are available in ample volume, organized labor is currently pressing for wage increases and the railroads are pressing for increased freight rates to cover. their increased labor costs, “These varying tendencies,” he sald, “would appear to indicate the probabilities of declines in prices of farm products and some other raw materials, and further rises in prices of semi-manufactured and manufactured goods. Post-war inflation on the scale that obtained in 1919 and 1020 seems quite unlikely.”
" MILLER RITES SET NEW YORK, Nov. 24 (U. P). — Funeral services for Charles Addison Miller, 76, former president of the Reconstruction Finance Corp, who died at his home here Wednesday, will be held from St, George's Episcopal church, Utica, N. Y., tomorrow, it was announced today.
LOCAL ISSUES .
Nominal quotations furnished by Indianapolis securities dealers.
18¢. an roaster, under § Ibs., white II hy rocks, 26e; a springers,
oro Oia rooters 14e, ume eerie 4 A» .
’
‘| Jackets of glove-soft capeskin that's sturdy .|and durable . . . yet pliably comfortable. Many models to choose from in tan, black "lor brown,
41, | Styled by fine makers of sportswear, jackets 24 +|in tough, long-wearing goatskin. Brown, black | Rich, velvely suedes bound to win his praise
[most comfort, Smart cocoa and “brown
Heavy breed hens, 330. Leghorn hens,
JACKETS
Nothing is quite as appreciated as a gift that will = add to his comfort, protect his health and keep 4 him warm. A leather jacket will do all these things 3 and serve him for seasons to come. X
Sketched at Top, THE SPORTSMAN: Soft capeskin hip-length zipper jacket. Made with hand pockets under regular pockets, Belted back. Black or tan. + 20.75 .
BLOCK'S ISLE OF GIFTS (SECOND FLOOR) MAKES CHRISTMAS SHOPPING EASIER
12.95 to 22.95
and tan shades.
22.95 and 25.00
»
and approval. Tailored for action and ut-
shades.
15.75 to 18.95
% ALBERT RICHARD" s ADMIRAL BYRD - % FOSTER
(Above) FOSTER JACKET of genuine goatskin. Aviator model with 2 two-way ! - pockets; 1 zipper breast pocket. Quilted. 3 Jody lined. 25 il
America's Three Groat Naines
in fe a