Indianapolis Times, Indianapolis, Marion County, 6 December 1944 — Page 9
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WEDNESDAY, DEC. 6,
BUSINESS
Local PI
From Returning to Peacetime Work
P— By ROGER BUDROW
IF ANY INDIANAPOLIS
going back onto peacetime work within the next three months, they can put such plans in the cooler. The war production board is getting tougher on such
ambitions. The reason is that
the same time the European and Pacific fronts need more
supplies, The 'WPB might relent in a few] “hardship” cases, say, where a plant had. 10 per cent of its space unused and couldn't get war work for that small amount. But there won't be many such instances, The reconversion ban applies to all Group 1 labor areas in the country, and several dozen other war centers like Indianapolis, A few companies here have
Mr. Budrow already received WPB's o. k. to reconvert, The most recent were Na-
tional Mattress, Superior Metal; Works (dairy equipment) and Climax Machinery (food slicers). The new ban does not go so far as to revoke their permits. A few months ago the war was going fine. Industry and war workers alike were getting the jitters to get back in peacetime work. Now the pendulum has swung the other’ way. Gen. Eisenhower says a shortage of hig shells has delayed his offensive. War workers are urged to stay on the job. Thus, war plants are told to stay on the job also, . ” ” 2 » BUSINESS ABROAD— Russia claims it is making great
strides in -three-dimensional mov-
which shells cashew, nuts, so it can compete with low wages in India, leading cashew nut nation. ...In Netherlands East Indies, Japs are offering ‘the populace extra rations of sugar and tobacco for their diamonds; Japs say the diamonds are
» = 8 ODDS AND ENDS: OPA is gathering ‘data to set selling prices on post-war autos; it may find auto makers cagey about giving out trade .secrets. . . . Noblitt-Sparks Industries of Columbus, Ind, which paid a 25 per cent stock dividend in October, will pay a 50-cent dividend Dec. 28, making $2 in all this year. . . . The government inspired hue and cry about the sugar shortage has boomeranged; Cuban growers believe théy can jack up the price easily, ... France wants to buy some wool the British have stored in this country... . Grain traders think the reason farmers aren't selling “their wheat, corn ‘and oats as early as ‘usual is that they don’t want'to boost this year’s income into another surtax bracket. Yes, and it could also be that they don’t need the money right now.
LOCAL ISSUES anon, Sisley Sivtiined oy Sua
Agents. Pia © Bid Asked n n Oro deans Agents Pin Cor d. Jiss Ayreshire Coll com 13% k Yds com Belt R Stk ye. pr... caesne 83 - enn Bobbs-Merrill ¢ srevsssssnse 8 Bobbs-Merrill o a ptd Central Soya com .... «3% 3 Circle Theater com ..... . 51 Comwlith Loan 5% pfd........106 108 Delta Elec com ......covnenuee 13% 14%*Electronic Lab som Chernin SY 5! Hook Drug Co co cen... 18% 18%
Home T&T Ft ne 1% pid. 51 nd Asso Tel 5% td eevesnn. 104 Ind Gen Serv . ‘ew Ind & Mich El pid Indpls P & L pfd ...... Indpls P & L com ..... *ndpis ory hd com ..
Indpls Water ..1 ’e x *Indpls Water 1 ass’ A com. ‘18 19% Jeff Nat Life com ee 18 17 Lincoln Loan Co S%% pid. 95% 99 Lin Nat Life com .. . 44 6 P R Mallory 4%% ... “ 28° *P R Mallory oe 24%
Pub Serv Ind 5% are 110% Pub Serv of Ind com .. 21 *pProgress Laundry com . 173% Ross Gear & oo com. . 24% Bo Ind G & 48% (.oiovnnes 110 Stokely ey A 3 PL aiereninns 18% United T 0%. .vvvivans sere ‘ Union Title o COM ......00 wees 39 » BONDS Al ers Wins'w RR thn. pow | TTT can Loan 5s 98 101 proved Loan bs 4 29 101 Ch of Com Bldg Ais « 86 90 Sitizens Ind Tel 4%s 61.......103 106 Consol Fin 88 50.......... vere 98 101 Yo “Asso Tel Co 34s 10. ' Indpls P&L 3%s Indpls Railways co 58 e..
Indpls Water Co 3%n 68 . Kok
Tree Term Corp 58 87........ 9 3 Maghihe Corp 58 82....... 9% 103
U.S. STATEMENT WASHINGTON, Dec. 8 (U. P.) ~Government expenses and receipts for the current fiseal year through . 4 compared with a year ago: Yoke
This enses .. $40,973, 344.408 4 ar. Spending a0 1% 723 35,955.971,754
Receipts ..... 185, 213 16 408151 41 Net felt ... 25917,615,186 23,903,705, 608 Cash Balance, Ly 3: He 432 14,111,448,122 Working Bal.. 13,348,718, 3
blic Debt... oie. Fh I 8915 170,198, 826. ld Reserve. 20,081,789, 615 22,044,438,
' INDIANAPOLIS’ S CLEARING HOUSE
"THOMSON & 'MSKINNON
SECURITIES » COMMODITIES
§ East Market Street "Phone: MArket 3501
. “ 11 Wall Sereet, New York
+... {ington,
2. GRAIN PRICES MIXED
. der profit-taking but rallied slight-
, |independently firm from the outset.
‘land barley unchanged to quoted
..| et Fat Stock and Carload Show yes- | terday, cu A 230-pound Hampshire, entered
1944
ants Banned for 90 Days
CONGERNS have ideas about
war production is lagging at
LIVING-COST IN
Workers Protest That Newest Salary Raises Are
Insufficient. By HELEN KIRKPATRICK
Times Foreign Correspondent PARIS, Dec. 6.—The cost of living in France has more than tripled since 1939. Salaries have not. quite been doubled. Workers are protesting that the salary raises jinstituted on Sept. 14, by government decree, are insuffi-
cient. They complain because the 5-franc (10-cent) an hour increase has not been extended to all professions and workers. During the last five years, the cost of living index ‘has. gone up from 98 (two points below the 100 norm) to 276. Prices, however, officially have been nearly quadrupled. . Official prices have gone up, in the case of eggs, from 1.30 francs to 4.40 francs; potatoes from 1.35 to 3.10 francs; beef from 12.30 fo 39 and from 17 to 50; butter from 38 to 82. } The franc now is set at 50 to $1. These official prices are well below the black market, where, in Paris, butter costs 800 francs a kilogram ($16 for 220 pounds). meat from 300 to 400, and sugar 170. While the cost’ of living has diminished somewhat in recent weeks, it still continues to be well above’ the average workingman's income. ; What he can buy on the, open market at official prices is so limited that very often he must add to his rations from the black
market. Copyright. 1944, by The Indianapolis Times and The Chicago Daily News, Inc. J
THREE STATE BANKS NAME FARM AGENTS
Three Indiana banks have employed farm and field representatives, to offer the farmers. of their communities additional banking services, the Indiana Bankers ass0ciation reported today. The new representatives include Willard Jones, former manager of the Greensburg office of the Rushville Production Credit association, appointed to the Union Trust Co., Greensburg; David L. Grimes, Putnam county. agricultural agent for the past six years, appointed to the Central National bank, Greencastle; and John V. Williams, formerly assisting the county agent, named by the Peoples Nationa] bank, Wash-
ON CHICAGO MARKET
CHICAGO, Dec. 6 (U, P.).—~Grain futures displayed early easiness un-
ly by mid-session under the leadership of corn. December corn held
At 11 a, m. wheat was off 4 to cent a bushel, corn up 2 to off %, oats up 4 to off 4, rye off 1% to 7
of %.
PURDUE HOGS TAKE HONORS AT CHICAGO
" CHICAGO, Dec. 6 (U. P.).—Purdue university made a clean sweep in the open competition for hogs at the third wartime Chicago Mark-
by the university, was judged grand champion barrow. Chosen reserve champion was Purdue's heavyweight Poland China. University farm exhibit of three Poland Chine hogs took first honors in that division, while its pen of three Chester White hogs |c. was second.
G. M. ELECTS DIRECTOR NEW YORK, Dec. 6 (U, P.).— Lewis W. Douglas, president ‘of the Mutual Lifé Insurance Co. of New York, former congressman from 7| Arizona and director of the-budg-"et, has been. elected a director of General Motors Corp. Alfred P. Sloan Jr, chairman of the board, announced today,
Incorporations—
H. W. Kinney & Sons, Inc., 301 Wash. ington st. 3 Columns; agent, Hally 8 Becord address; 1000 preferred ‘tock kof $100 | par value "ind 000 shares stock of $1 J value; to Taaufacture gt airacll Jooq and er, Earl B, A vo Becord inn ney. Hercules Chemical to diame Dewars Sar.
Rotation: admitted, me itd Tac. a rod |
address; te, same ress? Joo are Sis
Howard L. Sims Co., Ine. , Indiana papoliss Saal, HY
BE par The Ge gins
LL
FRANCE TRIPLES]
third stock show, at the Chicage
pounds.
Raymond Taylor, 17, of Kentland, Ind, is shown with his champion heavyweight barrow, who took top honors In this class at the
entry was overweight on Sunday and the youth walked him for two and one-half hours to bring him within the weight limitation of 300
stockyards, yesterday. Raymond's
Let's Face li— Pork Is Scarce
WASHINGTON, Dec. 6 (U. P.). —You'll just have to face it, war food administration officials said today, pork—particularly bacon— is hard to get and it's going to stay that way. The nation’s overall pork supply during 1945 will be from 15 to 20 per cent below 1944, reflecting a sharp decline from last year’s record production, it was said. A real improvement in the pork situation cannot be expected until the defeat of Germany, officials said. Currently the armed . forces require about. 40 per cent of the total production.
HOG PRICES UP
Weights; 9000 Porkers Are Received.
tration reported.
cattle, 675 calves and 1750 sheep.
GOOD TO CHOICE HOGE (9000)
220-' 240 pounds 240- 270 pouads
Packing Bows
iood to Choice 270- 300 pounds 300- 330 pounds 330- 380 pounds .. 360- 400 pounds
Medium
Slaughter Pigs Madiun to choice-
Good— 700- 900 pounds $00-1100 pounds . 1100-1300 pounds . 1300-1500 pounds .
Vadim
600- 800 po! Soo-1000 pounds ...eveveseees 15.50016.50 oo. 800 pounds
Feeder and Stocker Cattle nt A ~
‘Bangin 32 Gide
|Dec. 15. «= 5 CENT 4 Aiken's amendment would authorize President Roosevelt to spend
Top. Is $14.15 on 200-270 executive agreement with Canada.
The hog market was very active at the Indianapolis stockyards today with prices up five cents on all weights, the war food adminis-
The top was $14.25 for four loads | direct access for the flow of goods of choice 212 to 240-pounders. Re-| between the Great Lakes basin and ceipts included 9000 hogs, 1450 world markets.
120- 140 pounds @1%.50 : 140- 160 pounds 12.506 14.09 | nett C. Clark (D. Mo.) opposed it. 160- 180 pounds .... . 1100a14 05| Southern opposition is based on 180- 200 pounds .. . [email protected] i Io. 320 hounds .e 16 15a 14 ag | Delief that development of a water-
I [email protected]| way from the Atlantic into the
[email protected] 210: 300 Pounds ‘1408 D2" | Great Lakes would jeopardize sea3 300- 330 poun<s joule «...| borne commerce to New Orleans 3004300 Poagds: « + 1408. land outer Mississippi ports. 160- 220° pounds [email protected]
uxao NORTHERN INDIANA S535 GE0 HEARING 1S SET
Good400- 450 pounds ...... PR [email protected] 450- 500 pounds ....escee000r [email protected] PHILADELPHIA, Dec. 6 (U. P.).
250- 500 POUNAS vv .vvvverenns [email protected] | —1:orthern Indiana Public Service
90- 120 pounds . . 8. [email protected] CATTLE (1450) Choice— Steers 700- 900 pounds ...... sernne 16. "gi 000-1100 pounds +...escveess 16. 38 17.7% 1100-1300 pounds ..eeesecseces 16.7
18,28 | change commission announced to-1300-1500 pounds ..csseeseece. [email protected] day.
[email protected] . [email protected] | quarterly-year installments of $250,-
se de 121000. each over a period of not more
[100-1100 pourds oe ve: [email protected]| Of NOt more than 21{ per cent. Lommon Proceeds would be used, with 7900-1100 pounds during 8.35@10.% | her treasury funds, to redeem | Chotes— -" Northern's 1'2 per cent promissory
unds ...ee... sees [email protected] Bite outstanding at $1,200,000; its |
vivenssneess 13.00018.38 800-1000 POURS +2 sevenere oo 1125a1850 0000 and its 2% per cent serial
FLOOR FIGHT ON SEAWAY SEEN
Opposition to St. Lawrence, Project May Delay ~ Adjournment.
WASHINGTON, Dec. 6 (U. P.).— A group of New. England and midwestern senators prepared today to begin an all-out senate fight to include the- controversial St. Lawrence seaway project in the pending rivers and harbors bill. Certain of bitter opposition, the seaway amendment, introduced by Sen. George D. Aiken (R. Vt), threatened to precipitate a floor fight that may upset congressional plans to adjourn for Christmas by
$285,000, on the St. Lawrence waterway, constriitting it under
A congressional committee is now trying to decide whether the project could be authorized under such an agreement or whether it must be in treaty form.
Post-War Job Source?
Backers of the project praised it as a source of post-war employment and as a means of offering
Senators from the Missouri valley and the Mississippi delta, led by John H. Overton (D. La.), and Ben-
Co. will appear for a hearing Dec. 14 to discuss its plan to issue and sell $8,000,000 principal amount of serial notes to use for redemption purposes, the securities and ex-
The serial notes would be due in
than eight years, at"an interest rate
% per cent serial note aggregating
note aggregating $3,800,000
Medium— increasing rates now is a confidenot " pounds ..cessseeeses [email protected] tial study made by OPA economists, 900 DOUDAS ..vveesanee 7.50@ 0.50 Indicating that when the war ends, Cows (all weights) . . tocks the drop in national income from Ca 2 ae Net | Wages Will be 17 billion dollars a Cutter and common .......... smd 5.00 High Low Last Change year, half of it representing the comBRIBE + .ovcerrrenssnensrvares ; .00 | Allis-Chal ..... 38% 38% 38'a + 's|plete disappearance of war jobs Am Can ...... 80% 80% 897 y ’ Beef BoM ll welghm Am rn “8's 2514 247 2814 y th the other half representing the lowcerveeens 10 50/Am Rad & 8 S. 11% 11l2 11% = Monn {a}l weights) 100091180 Am Rad & 8 8. HT Hn 14%... |ering of income from wages due to sage [email protected](Am T & T ... 186's 166 1686's ~— '% |the return of now high-paid war cianeenensiiane [email protected] | iy Tob B .... 67 66% 67 . Medium ...... ...... 800g 9.35 Am Water W .. 8% 8% 8% * | workers to lower-paid jobs in launCutter and common ......., 6.000 8.00 Anaconda poe WM 2% 2 — dries, stores, domestic service or CALVES (675) Armour & Co. ort nis 7313 — '1,| Other former employment. Vealers {all weights) Atl Refining ... 20% 20% 29% + '| As an.offset to.this loss of naGood 10 CHOICE .....uvvvienins 16.00 18.50 Bald Loco ot.. 24% 24% 24% = Ys Common to medium ........., 50 Ben Ind Loan . 20 20 20 , | tional income due to disappearance B8 ...vesriess. waanariarans 3.0 Beth Steel .... 637% 63 63a “sl of war production jobs, it is cal-
Borde: . ...... 3% 34 34
Borg-Warner . 39% 39'a 39% + Stee “Fo0- Bu nounds p 11.50@12 hero 30 uns so +. |wage increase demanded by the 300-1050 rounds ooreerreirins R833 Childs ... ..... 4% 4% 4% + Y'|Steelworkers were given straight Curtiss-Wr 87% 6% 67 pr Good- ares: 8h + across the board to the 13 million dood- pounds [email protected]| DOUEIAs Aire . 7%, 67 61%... 800-1000 Bourg sessaatane 0.35@11 x Du Pont .. .... 155 154% 158 + % people now employed in manufacMedium mt Sn Blegtrip -. I Ha 3 uw y n turing industries, the increase in 500-1000 DOUDAS +osveseeesss 8.T5010.00 Gen Motors I. 6% 0% #3% — | national wages would amount to oS: 300- $00 ¢ pounds 7.50@ 8.18 | Gotham Hob .. 16% 1514 1% ere only five billion dollars. Calves (steers) Greyhound Op BN BA - ve : Si oiiies” down. vert nasa |nnaiien 0 ow 0 wa i CHALLENGE OF AUTO Med § Vigne Ye 38 - by $0 Ends. GOW. .siss vs iis [email protected] Rites S > B..368% 36% 36h 4+ .. 53 81 2 y aw dts Soe By Bw © | LAW IS DISMISSED Dosnds down ........... [email protected]% Martin (Glenn) 22% 21% 22% ee WASHINGTON, Dec, 6 (U, P.).~ 500 pounds down ...... hye [email protected] Noni Ward Je HA i Sh 8 + n The supremé court yesterday disSHEEL AND LAMBS (1780) at Blacilt . use 3% Ha — missed upon the motion of attorneys Ewes (shorn) NY Contra .. 18% 10% 19% o... [for a group of Detroit automobile Good and « Shotos, a n 110% Ohle Of rasan . 16% 16 16% +... {owners a petition challenging the and good ....... e000 - s . i A ae constitutionality of a Michigan law Good and choice [email protected] A 108% 108 ae: » known as the financial responsibility po . 10: a 13% Penn RR ...... 3% Nh 3Y .e Medium and good Phel iw act. Common .................-: §[email protected] brocier & O .., 88% 881s 88% ... 1 Under the law, which has been LOCAL PRODUCE Pure Oil... 18% 18% ite o.."|temporarily restrained from operaRepub Btl .... 19 18% 18% ~~ % [tion due court pr Heavy breéd hems, 3c. Leghorn hens, |Beyn Fob B .. La His BR oo owners of Yo ral, rollers, fryers and roasters, under §|Sérvél Inc .... 19% 19% 19% .... |cidents in which somgone was InIbs, white and barred rocks, be; col-|Socony-Vacuum 13% 13% 13% ~ %|jured kille ust file fi ored springers, ei \eghorn springers, 2i¢.|Bouth Pac .... 31% 37 7 — i, |jured or d m le financi roosters. HE ts, rede Ald Bahia os a 1% Bn - W|security and accident reports wi it, 5 $c; grade A medium, Ie: Serade A|8id Ou tind: 33ve Te 3A x w| he Michigan secretary of state. ave he Ee. e, 38¢c. Std (N J). 54% 64% st + Wn we; No. 3 Buttertat—No. 1 (Suecens wor: 31s mis 3 — wu KIRKPATRICK NAMED Be a — gS Rubber Fa 414 448 . THOMPSON REGISTERS STOCK [J a ht "wu SAFETY CLUB HEAD PHILADELPHIA, Dec. 8 (U.P) ~ JE ie 100% 09's + % L Products, Inc., Cleveland, had... W% WA Wa — %| John Q. Kirkpatrick, safety direc-
THE INDIANAPOLIS TIMES. Hodsier Exhibits Prize Barrow -
1s | culated that if the 17-cents-an-hour
NEW YORK, Dec. 6 (U. P).—|of Commerce Industrial Safety club Fairchild Engine & Airplane Corp. at a dinner meeting
_ (STEEL RULING FAVORS C. I 0.
Wage Case May Increase A. F. of L. Demand for Formula Break.
Times Special WASHINGTON, «Dec. 6. — The effect of the national war labor board's recent decision in the socalled Big Steel wage adjustment case put the C. I. O. unions in a decidedly advantageous-position over | the A. F. of L. While the C. 1. O. steelworkers did not get their demand for a 17 cents an hour wage increase, they at least had some of their demands granted. They got an equivalent of perhaps 8 cents an hour in awards of increased pay for second and third shifts, elimination of certain in-. equalities in pay rates, liberalized vacation and holiday schedules and severance pay: Perhaps half a million workers are directly affected by these grants. But the important thing to the C. I. O. is that in the Big Steel lcase, precedent was set for making similar grants to other C. I. O. unions which have specific demands in cases before the WLB.
Got Vague Assurance
The A. F. of L., however, which had merely made a blanket demand for breaking the Little Steel Formula as a means of getting highér wage rates, got. nothing out of the Big Steel decision except, perhaps, a vague sort of assurance that if the A. F. of L, unions should make specific’ demands in line with Big Steel awards, the cases would be considered and in due time granted. The result of this apparent but certainly unintended favoritism to the C. I. O. is that pressure to break the little Steel Formula is hound to be increased by the A. F. of L. leadership.
Determined to Act
Even the -C:-1.-O. steelworkers, while gratefully accepting everything ‘handed to them in the Big Steél case award, are not going to let the case rest. At a policy meeting in Pittsburgh it was decided to press on for breaking the Little Steel formula. First step takes the form of & demand on the war labor board to complete its report on this issue, for submission to the President. Sentiment among C. I. O. leaders was strongly against trying to force a decision on breaking the Little Steel formula, prior to the election. Realizing that the President was on a spot, to be damned if he did recommend breaking the Little Steel formula and damned if he didn't, the C. I. O. leadership laid off.
No Strike Threatened
Now, however, it is prepared to lay on. There is no implied strike threat if favorable action is not forthcoming, but pressure for increasing wage rates is building up on two principal grounds: first, that the Yeport of the President's cost of living investigating committee, admitting that living costs have risen beyond wage increases; second, that upward adjustment of basic wage rates is necessary to stabilize income at present levels and so provide purchasing power to maintain full employment when the war is over,
Cold to V-E Day Raises
To suggestions that provision be made for increasing wage rates on the day the war ends in Europe, the C. I. O. leadership is decidedly cold. Labor leaders point out that any idea of trying to increase wages lon the day that the bottom starts to fall out of the labor market is silly. : Cited as evidence of the need for
dent of the Indianapolis Chamber at the
tor of R. C. A, was elected presi
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