Indianapolis Times, Indianapolis, Marion County, 21 February 1945 — Page 7
21, 1945
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WEDNESDAY, FEB. 21, 1945
S.
po
_ Probe to Break Down Restrictive Practices in Industry Is Planned
By ROGER BUDROW
MORE BUSINESS PROBES LOOM after the war.
The federal trade commission has extensive plans to inves-' tigate all kinds, but especially big business.
The announced purposes differ greatly, however, with the punitive investigations made early in the depression when the New Deal was trying to pin the blame for the depression on some one. The motives this time are
tion plans for 60 million jobs, based on mass production such as we've never seen in peacetime, with low-profit mar - gins and restrictive practices banished. Among the industries listed for investigating are the auto, bread,
+ ‘farm machinery, lumber, furniture
fhd oleomargarine Businesses. Here is what the FTC has in mind: It wants to break up “incipient” monopolies which may be in the making as result of industrial concentration during the war. It wants to ferret out and get rid of costly and uneconomic practices industries indulge in, looking into
i. distribution costs especially.
It wants to determine if big business practices restrict the growth of small business. And it wants to hold down the price of consumers goods when inflation threatens after the war. There would be no use ‘in such a probe now because almost everything business does is controlled by the government. But when the war ends and controls are removed, there should be a general looking into of business practices, the FTC believes, because some businesses
| may not want fo give up the pro-
tection that wartime government controls have afforded them, » » ~
EX-SERVICEMEN are anxious to] the | Northwestern National Life Insur-| ance Co.'s family economics bureau
get back in civilian clothes,
found, They usually buy their whole outfit at one store, buy a good quality
suit averaging around $45, and pay| ments might not be met.
cash. And they want the suit altered immediately so they can take
. It with them.
hey shy from any brown ap- | roaching the army olive drab shade, like lively patterns usually, Most,
vets either have gotten too big’ for | ¥
their old suits or gave them away, | $0 they have to start all over. o ”- x
RUSSIA GREW cotton in dark] 107 the refineries are scarce. green, rose and lemon last year, in | duction cannot be measurably in-
addition to its original experiment in brown and green. Only 350 tons! were picked, but the project is believed beyond the experimental stage | and so 700 tons are being planted The Soviet embassy in! Washington, which is publicinzing, the development, says the color won't fade. | ” » »
ODDS AND ENDS: Noblitt-|
issue purchase certificates for an ks Industries stockholders wil | . Spar 3 Sloe pee Fan mh per person. The | Just Fight we did. it over
be asked to o, k. 300,000 more shares. . + « Wheat, oats, rye and clovers are reported looking unusually well after the melting of the snow cover, reports the Indianapolis weather bureau's crop bulletin, . . Fruit buds are reported in good condition. + « « Distillers are having trouble using corn because it contains so much moisture this year. Chicken, duck and turkey are as scarce in some parts of the East as a good steak. . . . Canada plans to increase its tobacco crop 22 per cent.
In Brief
By UNITED PRESS Greif Bros. Cooperage Corp. Year: ended Oct. 31 net incorthe $577,152 or $4.56 a “B” share vs. $477,877 or $3.53 previous year.
Jantzen Knitting Mills year ended Aug. 31 net income $168,156 or 65 cents a common share vs. $173,270 or 68 cents previous year,
Johnson, Stephens & Shinkle Shoe Co. year ended Nov. 30 net income $167,232 or $1.41 a common
year.
Lachde-Christy Clay Products Co. Year ended Nov, 30 net income $221,270 or $1.44 a common share vs. $160,154 or $1.14 previous year.
Mickelberry’s Food Products, 52 weeks ended Dec. 30 net income $231,507 or 80 cents a common share vs. $158,874 or 56 cents previous 53 weeks ended Jan. 1, 1044,
Chicago Dally News, Inc., 1944 net income $720,397 or $1.26 a common share vs. $1,010,004 or $1.97 in 1943,
Owens-Illinois Glass Co. 1944 net profit $8,135,355 or $3.06 a share vs, $0,478,207 or $3.56 in 1943, American Central Mfg. Co, year ended Nov. 30 net profit $609,616 or $1.97 a common share vs. $351,841 or 98 cents preyious year. ©
Ely & Walker Dry Goods Co, year ended Nov, 30, net income, $1,636,986 or $3.16 a common share vs. $1,066, 479 or $4.05 previous year. 3 ~
Ross Gear & Tool Co., year ended Nov. 30, net income, $320,172 or $2.22 a share vs. $276,840 or $1.92 previous
\ ITTRUCK
Immediate ute Delivery Tired Wheels
93 hE
Sy!
ft
along administra-|.
{ from. last year while military needs
| hauling supplies to the battlefronts,”
ELECTRONIC LAB'S |} “E’ IS RENEWED
CANNING SUGAR ALLOWANCE CUT
Curtailed Rationing Plan Allows Only 20 Pounds
Per Person in 45.
WASHINGTON, Feb. 21 (U, P). —Rations of sugar for home canning this year will be smaller and will be harder to get, the office of price administration revealed today. * Under a ' drastically curtailed rationing program, 20 pounds will be the limit of the canning allowance for one person, Any one family will be held ‘to 160 pounds of canning sugar. No ration stamps will ve validated for canning sugar. All allotments will be made directly by local ration boards. Rations will be determined aecording to an OPA scale of estimates, with a limit of one pound of sugar for each four quarts of fruit or fruit juices,
Sugar Stocks Lew
Major reason for curtailing this year's program, Price Administrator Chester Bowles said, is that sugar stocks are the lowest they
the war began. ing system which prevailed last year resulted in an over-usage of 300,000 tons, OPA said. This helped to bring about the stricter program for this year. The total 1945 home-canning ration will be 700,000 tons, the same amount allocated in 1944. Stamps and certificates for 1,080,000 “tons actually were jssued last year, Bowles said. The 1044 system “made it too {easy"” for people to get sugar, Bowles |said, so “we simply had to tighten up.” Otherwise, he said, all require-
Cuban Production Down
He noted that sugar production in Cuba, chief U. 8. source, is down
continue high. “Ships that might otherwise be | bringing sugar into the U, 8. are {he said. “Manpower and machinery Pro-
creased.” Even so, the, total amount to be rationed this year will allow for as much home canning as was actually | done during the peak year of 1043] and 1944 “if only those who need it get the sugar,” Bowles said. Last year all ration book holders were entitled to an initial allotment of five pounds each. regard{less of need. Ration boards could
family limit was 250 pounds.
WPB Sings Tin “Can Alley Blues
WASHINGTON, Feb. 21 (U. P.). Americans are throwing away two out of every three used tin cans. The war production board said today this is robbing w a r machines of a vast quantity of vitally needed metal, Collections of used tin cans last year dropped approximately 50,000,000 from 1943, and the salvage is so low that de-tinning plants now are operating at less than 0 per cent of capacity. W. Thomas Hoyt, director of WPB's salvage division, appealed to householders -and commercial establishments to save and prepare all used tin cans.
800 VETERANS ASK UNEMPLOYMENT PAY
Over 800 veterans, dismissed from service since Jan. 1, have made applications for readjustment allowances under the G. I. bill of rights in Indiana, the local employment security division director reported today. These men have returned to Indiana and have been unable to find immediate employment. Warrants totailng $9119 were paid last week to 466 discharged servicemen. Self-employed veterans, who are establishing themselves in their own businesses and who are eligible for allowances providing they have earned less than $100 in the month while so employed, received $1158.
Employees of the Electronic Laboratories were notified today that they have won the Army-navy productjon award for excellence in war production. This is the fourth honor bestowed on the company, and a third star will be added to army-navy “E" flag which has been flying over .the company plants for two years. . Electronic Laboratories is supply- [R ing the armed services with vibra-|c,
tor type power supplies for radio|Wesk. Bal.
communications and other elec tronic equipment.
have been for any February since The loose ration- 38
Newest Nip Warplanes
Army medium bomber
Navy torpedo bomber
of which are said to be better thoroughly formidable foes. artist they are: Helen (top left),
ment than earlier types.
side fuselage and under wings. guns. . Frances (lower left) is “h high performance craft showing Ginka, which means Milky Way.
Navy dive bomber -
Fighter and ground attack
These are sketches of newly-developed Jap combat planes, some
than comparable Nazi types, and
As visualized by Aviation magazine staff
newest Nip army medium bomber,
which has range of 1400 miles; ceiling of 30,000 feet and heavier armaJudy (top right); is new navy dive bomber, powered by 1150-horsepower Aichi Atsuta liquid-cooled engine giving 325-mile per hour top speed and having bomb load of 750 pounds in-
Armed only with 7.7-mm. machine ottest” of navy torpedo bombers, a originality of design. Japs call it Irving 11 (lower right), is used both
as night fighter and ground attack plane, with range up to 1900 miles. It's one of heaviest armed Jap planes, having large number of high velocity 20-mm. cannon in addition to machine guns.
NEW YORK, Feb. 21 (U, P.).~*
Dougherty’s right arm was in
he waited for the long overdue wage check from Unsle Sam, Between March 8 and Sept. 20, 1878, he painted tarpaulins in the Brooklyn navy yafd. The youngest man on the job, he was paid 43 cents an hour and supported a wife and four children. He was secretary of the Brooklyn Painters’
month. Piled Up Overtime
During the navy yard job, Dougherty piled up $135.62 worth of overtimé& on his regular wage scale of 43 cents. Time and a half and double time didn't exist then. Eight years ago the navy passed a bill reimbursing navy yard employees who had worked more than the legally required eight hours in previous years. The navy had no record of Dougherty, but when the old man read of the bill, he totted up his claim. Yesterday the house passed and sent to the senate a bill to pay Dougherty $135.62.
Hung Up Overalls
60 some years ago and joined the |New York fire department, serving for 34 years. He has been retired for 27 years. “I remember the days when a painter went into a hotel and painted a room for permanent guests,” he said. “If his or her {majesty didn’t think the job was Those were the days, eh?” The 5 feet 11-inch Dougherty, slim at 135 pounds, has gray hair and clear eyes. He seems to be in
+ no hurry for his overtime check. A
lot of it, he said will pay for doctor's bills.
N. Y. Stocks
Net Last Chan e
WASHINGTON, Feb. 11 (U, P.) .—Govern= ment expenses and receipts for the cur: rent flscal year through with a year ago:
T Cash Balance iar 19,087, 90,887
,621,034,283 Public_Debt B17 108 Gold Reserve 834 21,790,509,620
INDIANAPOLIS OLEARING HOUSE
Linco b. 19 compared 3
This Last Year Pp nses § 1375,594.090 § 51 3,571 36,120.081.08 087 34014 400.108 Pub
Receipts 26,637 397 24.493.212.508 . Net Deficit 34 Tab 100 3, he 90,830 | Progr
i B Pe INSURANCE GROUP MEETS" |gh of Com . The Indianapolis Association of | gon
Painter, 91, Gets $135 From U. S., Overdue 67 Years!
It's about time”
That's what 91-year-old Charles H. Dougherty 8r. said today when he learned that congress had decided to pay him for overtime he worked 67 years ago as a painter in Brooklyn navy yard.
a sling—he broke it in a stairway
fall on his way out “for a little sportin’ ”—but his memory was clear
U.S. DISAPPROVES
PHILADELPHIA, Feb. 21 (U. P)). —The federal government has filed |Be
union, paying dues of 50 cents at¥hjections to the Pullman Co. plan
to separate its sleeping car manufacturing and operational businesses as directed in an anti-trust decision nine months ago. Wendell Berge, special assistant to the attorney general, filed the objections in U. 8. district court yesterday, alleging that Pullman's proposed plan did not conform with the federal court decree to dissolve its 40-year monopoly on manufacturing and servicing Pullman railroad cars. * Berge termed the Pullman plan “unclear and ambiguous.” Pullman’s plan provided for disposal of its sleeping car business and properties for an estimated $81,000,000. The plan proposed the formation of the Railway Pullman Sleeping Car Co,, a new corporation to be operated by various railroads on a pro-rata
Dougherty hung up his overalls basis,
The company plan suggesting an operating pool by railroads would not give anyone else the opportunity to acquire the business, Berge said. In asking the court to disapprove the Pullman plan, Berge said the company should be directed to deal “with any prospeetive purchaser who may be interested in acquiring any of the company's assets.”
Ad Club to Hear Capt. A. A. Engel
The Indianapolis Advertising club will hear Capt. Arthur A. Engel, of Chicago, speak on “Telling the World About the Marines” at a meeting tomorrow noon in the Indi-
THE INDIANAPOLIS TIMES
' |500 calves, and 1000 Sheep were an-
PULLMAN ‘DIVORCE’ =:
i : i ind :
_ PAGE
PORKER PRICES REMAIN SAME
5500 Hogs Are Received: Market Active at Local Yards.
The war food administration reported ‘an active market with steady prices at the local yards today. Choice hogs of 160 to 140-pounds brought a ceiling price of $14.80. Receipts of 5500 hogs, 1200 cattle,
I me
ticipated.
GOOD TO CHOICE HOGS (5500)
veeseessraana [email protected] +o 14.50@ 14.80 14.80
3
330 po 330- 360 pounds Medium 160- 220 pounds Packing Sows
Good to Choice—
270- 300 pounds .........0.00 14.08 300- 330 pounds ........e000s 14.08 330- 360 pounds ....eevveiine 14.06 360- 400 pounds .....eoivinne 14.05 Good— : 400- 450 pounds ....eviverins 14.00@ 14.05 450- 350 pounds ..civtranians 14.00@ 14.05 Mediu 250- 300. pounds .....e enue [email protected] : Slaughter Pigs i Medion to Choice— 90- 180 pounds . . [email protected]
CATTLE ( 1200) Steers
ves [email protected] «+ 16.00217.00 . [email protected] [email protected]
po! 1100-1300 pounds 1300-1500 pounds
700- 900 pounds .... 900-1100 pounds ene
[email protected] [email protected] |
700-1100 pounds 1100- e130 0 pounds
srssnssat Ran.
sasesssatenns
Com 700-1100 Pounds .....ivviinrs [email protected] Me % Heifers - Choice— 800- 800 pounds ........ e000 15.00@ 16.00 800-1000 pounds ........» Sees [email protected] . [email protected]
800-1000 pounds rs 1378 15.35 Medium— 500- 900 pounds [email protected] Common-— 500- 900. pounds ............. [email protected] | Cows (all weights) | iirc 10 SOEYE IS Medium ....ovvaiivrsisnienes 11.50 Cutter and common ... 10.50 | CBRDBE “o.oo vis vsiirnsnsss 7.15 | Bulls (all weig Beef — Good (all weights) ......... [email protected] Sausage— GOO... iinet aes [email protected] | Medin ......crv ciiiiaien [email protected] Cutter and common ..... ase [email protected]
CALVES (500) Vealers (all weights) Good and choice “is - Common and medium ..
Feeder and Stoety © Oattle ‘and Calves
Choice— 500- 800 pounds 800-1000 pounds Good— 500- 800 pounds . 800-1000 pounds Medium— 500- 2000 pounds ...ee eben Comm
SHEEP AND LAMBS (1000)
900 ponds c........... 7.50@ 8.78! Calves (steers) Good and choice— | 500 pounds down .......... [email protected] Medium { 500 pounds down ........... [email protected] Calves (heifers) { Good and cholce— | up pounds Own ..viinuiens 10.50@12. | ed { 800 nds own... ia 8.50@ 10.50 | Ewes (shorn) Good and chofce .............. T1.75@ 9.00! Common and medium ......... 8.000 7.75 LAMBS Good and choice ............. "18 Ba1s. 50. Medium and good ............ [email protected] | OMMAOD «.ocnsrnsrsruisnssnrans 11.25 13 3%
Strawberry Ceiling Raised
WASHINGTON, Feb.21 (U.P). —The office of price administration today raised producer ceiling prices for fresh strawberries. OPA said the move would boost retail prices by about 4 cents a pint. The new ceilings will apply from Feb. 21 to March 15 and will affect only producing areas known as zone 1, which includes North and South Dakota, Nebraska, Kansas, Oklahoma, Texas and all states east of these.
IDLE INDIANA PLANT SOLD TO SANGAMON
CHICAGO, Feb. 21 (U. P).—A| Ball Bros. plant at Eaton, Ind. near Muncie, which had been idle for two and a half years, has been bought for more than $100,000 by the Sangamon Paper Mills of Chi-
80. It will be in operation within 60 | days, turning out imitation Kraft | papers, corrugated mediums and liners, the paper company said. The purchase included more than 50 acres of land on the Mississinewa |
river and buildings with machinery | and equipment covering about 15 acres.
High Low apolis ; Athletic Allis-Chal ..... why 4415 4b sh ape 32 Am Can ...... 0% 93% §3% > » club. i Am Loco ..... a i — .} Capt. Engel is Am Rad & 8B B 14% 14% 14% — b Am Rodin Nw o |publlc relations eens 7 8 + . Am Tob B wh mh Th 1 officer - for the Am Water W . 10% 9%" n pees central division, Anaconda ..... 33% 32% a == a Armour & Co’ 814 8% 8% — 1,/embracing 16 Atchison cree Bh sia 814 — 3 Midwest states, Atl Refining .. 4% 34% Bald Loco ct .. 30 29% 29% — sand formerly Bendix Am ‘re 4% ny 3% - a served at marine pe et! eel .... * 4 - 1 rden ....... 38% 35% 38% — v |headquarters in Capt. Engel Borg-Warner . oi io jos —- be Washington. He is Ghee Ohio | 8312 83% Biv — %|8 former staff member of the ghilds we ih 4] a po” % Washingtoh Post. He will be intro- - hy Y ‘. - 7 Douglash Aire se ia 4 — 1 duced by Louis D. Young, adver- ca -Du Pont ..... 164% 163% 7 - 3 oon ‘Blectric’ . s% 40M 40% .... [Using manager of The Jogianapolis Gen Foods “er Al% sii ia Times and Ad club ‘program n otors ... » 7a S—— Goodrich ..... ou wo — 4 chairmas. 00 ear ..... — . ES Greyhound ' Op 8% ats 28% = PERU FIRM WINS ‘E Int Harvester — Johns-Man oan 110% 110% = 3%| WASHINGTON, Feb. 21 (U.P). — Kennecott a" 38 34" 38° = {Award of the army-navy production ; a8 ly . “ ul Lockheed Aire . a 20% 20% i E” to the Dewey-Sheppard Boiler tira as bh ) Va Ve Xosws Glens). Tah Wh ME — We Co., Peru, Ind, was announced Mont Ward .... 54 53% 53% - 3% |today. Naat Helv ‘rnin 13 3% Bh —. by Nat Biscuit Ya a =~ I Nat Distillers .. 39 38% 3848 ~ VY N Y Central ... U4 3h 144 — a LOCAL ISSUES Ohio Oil ...... a a = Ya Pan Ap Afr .. M% 34% 34% ~ l4| Nominal quotations furnished by IndiPenney ....... 110 10 110 = 1Y4 | anapolis securities dealers, Penn RR ..... 36% 36% 36% — % STOCKS Phelps Dodge.. 21% 21% 21% + Procter & «0 80% 60%. 60% 4 Yu Bid Asked Pullman 80Vs 80% «= Y¥ |Agents Fin Corp com ......... TB. RO MEE Le [ARR Co i Reyn Ti 33% ti 4 VY, |Belt R oir Yas om srnsanens 0h Schenley Dist.. 45 48% 48% — 9 |Belt R Btk Yds 2 cvsnnnres B4 ae Servel Ine 20% 20% ~~ %|Bo errill co! svsienves 8% Socony-Vac ,.. 16% 16% 16% .... obbs- Merrill Oh pid’ . 68 ' Bouth Pac .... 43% 42% 42% « 7% |Central Soys com . 5 Std Brands .. 31% 31% 31% « J |Circle Theater com .. a td O Cal ... 41% 41% 41% .~— & (Comwith Loan 5% pid 23; Bi ORY hn wt RTL i Electrons ta a ly i t (NJ) . -— ectronic Om es Va Yi Texas Co Cc MY% OM 54 -— IF Wa Ci & Jackson RR pfd.. 90 . 20th Cent PF .. 28 28% 28% ~— 3% Hook PE Te 19% 8 Rud ..... 50% 58 5 - 3% |Home TH Pt Wayne 7% Md, 3 "ae uss... W03% 61% 62% ‘— 7% (Ind Asso Tel § 6 vii0iens Warner Bros 15% 14% 15 — 3% |Ind & Mich EB pfd ..a..ovv.us. Westing EI ...123% 128 123 -1 pls P Zenith Rad 40% 40 - 1 U.S. STATEMENT
Kingan & Go pid. Btn 8 “
Kingan’ & Co co 2 n Co sian ptd . | v Life 48
19, ¢ 30 In 186, ¢1. 170.108 1
“ane
Lloyd, of Cincinnati, vice president of Union Central Life Insurance Co.,
J
at a meeting tomorrow noon in the Lincoln hotel. will be surance
hotel. Subject of the talk pe of In-
Life Underwriters will hear John A. ina "Asso T
Fah ae
*|areas brought under OPA residen-
+|Mt. Vernon; Jan. 1, 1944, for Prince‘|ton, and July 1, 1943, for Valparaiso.
... | Reichsmarks have been embargoed | **|by the Argentine cabinet until] .|Germany makes reparations
. ne okies
RENT LID PUT ON 3 MORE STATE AREAS
Mt. Vernon, Princeton and Val-| paraiso will be three of 17 new
tial rent control March 1. Maximum rent dates are Oct. 1, 1943, .for
Counties in which the cities are located will also be subject to the | rent control.
"
SINKINGS BRING EMBARGO BUENOS AIRES, Feb. 21 (U. P.).| ~All future Argentine payments in |
for | three Argentine ships sunk or dam- |
.|aged by Reich submarines in this = war, it was officially announced to- |S
day,
LOCAL PRODUCE
Heavy breed bens, 24c. Leghorn hens,
me oes Ye; grade A medium,
nail, ne to 3505. Chuttertatey ‘lave: No. 3 Boa.” T° o
- WAGON WHEAT
to the close of the anapolis
TIRE
Ton
3 a
Vika Sheed toasters, under 5
BagaOurrens a Ne Sade A E
bold . plaids. Long
360 W. WASHINGTON $T.
OOO AOA
A Store You
> ARSTORE
Can Trust
FREE PARKING |
Just Across the Street Select Your Easter ~~ Outfit Today— Use Our Layaway -
Women's Spring
Coats $2Q"%
Select your Easter outfit now— new spring version of the popular Chesterfield and boy styles. All wool suedes and shetiands-in— all the brilliant new spring colors. Sizes 9 to 15—12 to 20.
i
USE OUR LAYAWAY
&
DRESSES $895
Pick up your wardrobe with one of these colorful new spring prints. Many brand new arrivals. Dresses for juniors, misses and women. :
Star Store, Second Floor.
Little Tots’
. COATS
35
Fine quality of shetland material in rose and blue. Doublebreasted coat with nice tailored bonnet to match. Sizes 1 to 4.
‘COATS $898
Girls’ coats for the miss 3 to 8%. Rich quality shetland and plaids in Chesterfield doublebreasted style, velvet collar combination - of blue and brown,
. - A AB AS
USE OUR LAYAWAY
Little Boys’
COATS
36%
Fine quality navy blue flannel, double breasted coat pleat and belt in back, trimmed with smoked pear]! buttons. Cap to match, Sizes 1 to 4.
3 5
re a LI
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Boys’
COATS $898
Boys’ Eton
SUITS $68
Boys' coats of fine quality tweeds, double-breasted or Boys’ Eton suits ‘of wool single fly front. Boxy or flannel navy with white belted styles, colors of blue,
blouse. Sizes 3 to 6. beige, brown. Sizes 3 to 6."
Star Store, Second Floor
Layaway | A
SPORT SWEATER,
Boy sweaters, coat style in fancy combi nations. Sizes 8 to 16.
$329
SPORT SHIRTS Boys' sport shirts in ' sleeves. Sizes 8 to 18.
Nin Werk Bat Yor
“ ‘cashmere, in the last word In style and neat patterns of
2%.
Now’s the Time to Select That
Boy’s Easter Suit
$1295
New spring suit from this splendid showing of fancy
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Other Boys’ Spring Suits, $12.95 to $19.95
Boys’ Sport Coats
Boys’ sport coats in neat plaids and checks. Single-breasted. Sizes 6 $ 95 Jo 18.
Boyd Sport
SLACKS $3%
Boys’ slacks in fancy cash. mere and