Indianapolis Times, Indianapolis, Marion County, 4 May 1945 — Page 14
jusiness
Long Stalemate in Italy Actually] A Good Thing for All Economically By ROGER BUDROW THE ITALIAN: FRONT, last-| ing from last fall until the German armies surrendered un-|
¥
+. THE STALEMATE ON-
conditionally the other day, was a deliberate policy of the allies followed largely for economic reasons.
.This is revealed by Lt. Col. John D. Ames, Chi¢ago Journal of Commerce editor and publisher, who was senior civil affairs officer of . the 6th corps in Italy. When the allies . failed. to
break through’
into the Po valley last fall before winter weather set in, the allies intentionally did not advance into the heavily industralized and populous section -of rthern Italy, Col. Ames said. us, the Germans had to feed the million nationals in that area, If the total civilian population. The stalemate also saved the in« strial plants of Turin and Milan le destruction. These ‘plants weren't helping other German fronts anyway because the Brenner pass was effectively blocked and the allies controlled the water routes of northern Italy. Industrial resources thus saved | will enable Italy to get back on her feet - more quickly. and mean less help will be needed from the allies. ¥ » ». PERSONAL MENTION: Judge Samuel Rosenman, FDR handy-man, is supposed to be named $25,000-a-year labor arbitrator of New York's cloak and suit industry, succeeding ex~-mayor Jimmy Walker who goes to Decca Records. . . . Lynn A. William Jr., vice president incharge of Stewart-Warner’s heater division now centered: in Indianapolis, has taken over management of the local plant from R. E. Bryan, spending every Thursday and’ Friday here
until he moves here from Chi‘cago this summer. ...In a. list.
of 38 executives’ salaries published by the securities and exchange commission, the $50,000 paid last year to A, W. Herrington, chairman of Marmon-Herrington, was the lowest of all with the exception of the fellow who drew $49,999.96! ® = = . ODDS AND ENDS: Argentina's trafic will switch to the right side of the road this June, leaving only Uruguay (on the American continent) still driving the way the British do. , . . Noblitt-Sparks Industries of Columbus, Ind., earned $452,000 profit the first three months this year, vs. $324,000 last year, . , . California is having a big orange crop and when yields are heavy, the oranges are smaller. » « « Goodrich built a $1 million tire repair materials plant in Havana in 1841, U. S. Rubber is building a $1 million tennis shoe factory there now. And. Goodyear is wondering if Cuba could stand another rubber factory. ... Indianapolis department store sales last week were T per cent over a year ag0. , . . After suing International “Harvester for 14 years on charges of infringing on 23 tractor patents, Caterpillar Tractor has settled for $6 million.
COST OF LIVING ‘DECLINES HERE
Dip in Food Tod Costs Offsets
clined 0.4 per cent during the three | months ending March 15, bureau of labor statistics reported | today. . Lower food prices, due mainly to] - a large seasonal decrease .in egg |S prices, more than offset increases | reported for clothing and housefurnishings, the BLS said. The Indianapolis cost of living index for March stood at 127.5 per cent of the 1935-39 average and was 2.5 per cent above a year ago. Compared with August, 1939, when the war was starting, the index was | up 30.1 per cent. Eggs Help The BLS index indicates average changes in retail prices of selected goods, rents and services bought by families of wage earners and lower-salaried workers in large cities. The items covered represent 70 per cent of the expenditures of families with incomes ranging from $1250 to $2000 in 1934-36. The average family food bill in Indianapolis was ‘reduced 1.3 per cent in the three months, chiefly due to the 25 per cent slump in| egg prices, the BLS said. Clothing prices advanced 0.5 per cent while house furnishings cost 0.4 per cent more. Rents were not surveyed in March in Indianapolis, Fuel, electricity and ice and miscellaneous goods and services did not ' change in- the three-month
"A&P PURCHASE
poLIcY GY UPHELD
Firms Testify A Advertising _ Traded for Discounts.
DANVILLE, Ill, May 4 (U, P).— [trust trial against the Greaf Atlantic & Pacific Tea Co. today after hearing testimony that business practices of the retail grocery or-
Other Rises, BLS Finds. |
(Md., vice president and sales manLiving costs in Indianapolis de- [ager of the Crosse & Blackwell
{ganization mutually benefitted the lA. & P. and wholesale firms with | which it dealt. Four executives of food producs ing firms said under questioning yesterday that they had granted the A. & P, discounts. on largescale purchases in return for adivertising of their products. Sidney H. Thornton, Baltimore,
Canning Co., said his firm not only
the |agresd to sell to the chain organiza-
[tion at reduced prices but had, in fact, urged A, & P. to handle more of its products. - Before 1941, he said, his firm had sold to A. & P. at listed prices, but in May of that year agreed to a special discount for warehouse de{livery. Thornton said such delivery enabled his company to reduce salesmen’s expenses. Pays For Advertising
Still later, Thornton said, he had igiven the A. & P. a check for $7500 in return for a promise to advertise the canning firm’s products. Thornton's contention that both parties benefitted by the discount system was seconded by Wade E. Utley, Cincinnati, former president of the Capital City Products Co: Columbus, O., and Fred H. Hearn, Columbus; now president of that firm. Previously, E. P. Chambless, Chicago, testified ‘that A, & P. received no .discounts from the Consolidated Biscuit Co., not available to all quantity purchasers.
LOANS, INVESTMENTS DROP WASHINGTON, May 4 (U. P.).— Combined loans and investments of federal ' reserve system member banks in 101 leading cities dropped $233,000,000 during the week ended April 25 to a total of $57,058,000,000; the weekly condition statement dis-
period.
. Market Is
The 7200 hogs received today by the Indianapolis stock yards continued to ‘sell predominately at ceiling levels, the war food administration said. Cattle prices remained quotable
number offered. Vealers eked out! steady prices as sheep and lambs continued too scarce for an accurate price test, but were quoted | steady.
calves and 75 sheep.
GOOD TO CHOICE HOGS (7200)
120- 140 pounds jet 160 pounds .. 60- 180 pounds .. 180 j30- B00 pounds ..
320 240 pounds .... 240- 270 pounds .... 270- 300 pounds ..
++ 130G1480 .. 14.80
on a steady basis: on the limited|
Receipts included 425 cattle, 600 |
closed today.
7200 Hogs Received Here:
Active, Steady|
CATTLE ($25) Steers Choice— 700- 900 pounds 900-1100 pounds .. ¥100-1300" pounds .. 1300-1500 pounds .. Good . 700~ 900 pounds’ .... 900-1100 pounds .. 1100-1300. pounds .. 1300-1500 pounds Medium—
700-1100 pounds 1100-1300 pounds
| Common~ - 700-1100 pounds
.. [email protected] .. 13.00@16 . [email protected] [email protected] |,
« [email protected] [email protected]
Chotce— 800 pounds
pounds. .... + [email protected]
[email protected] | Go
pounds [email protected]
tsesvscstens esses sesese
rrereyeveee 13.0001475 [email protected]
{The government resumed fits anti-|
°
allied war effort.
SEEK WAGE HIKE FOR SHORTER WEEK
DETROIT, May 4 (U. fight for increased wage levels .to| offset work-weeks and production cutbacks in U. 8. industry was launched today by United Automobile Workers (C. I, O) in a challenge to_the war labor board. to “act now.” R. J. Thomas, U. A. W. president, asked “WLB Chairman George W. Taylor to call an “immediate special session” to provide wage remedies in the case of 140.000« Ford’ Motor Co. workers whose work-week | has been reduced from 48 to 40 hours by approval of the war manpower commission. Charging that “take-home” pay | was inadequate to meet tmereaed living costs even under overti "provision, Thomas said the 40- “hour | week will make ‘wages * “unbearable.” | Thomas’ message to Taylor predict-{ ed these immediate consequences-if’ tages are not advanced: 1. . Privation . on national scgle and quick dissipation of war bond |
33 | savings.
2. Loss: of puishasing power to “gear post-w ar industry ho full production.” Authorization of the work- week | cutback at Ford plants was granted | by Michigan WMC Director Edward | Cushman to avert threatened dis- | missal of 16,000 employees. The] action was interpreted as establ ing a national pattern in meeting| production curtailments with minimum job displacement.
~THE INDIANAPOLIS TIMES Axis FirmssProduce for Allies
Ya ~~ P).—Al
Gleaming rows of plex glass bubbles to be used as plane cockpit canopies await finishing at the Rohm & Haas Co. plant taken over by the alien preperty custodian. The custodian's office has taken over control or substantial interest in 259 are being liquidated, and in 128 businesses that are Sperating for the
enemy-dominated concerns that
Shoemen Study Ups and Downs
NEW YORK, May 4 (U. P).— M. Kay, president - Popular Price Shoe Retailers association, today announced the appointmefit of . a committee to investigate means to reduce the: seasonal nature of its business and to pre=vent wide month-to-month fluctu= tions in sales volume: Pointing out that retail shoe sales in 1944 swung on a monthly basis between $28,000,000 and $64,000,000, Kay said the committee's object would be- to achieve a steady year-round production.
PLAN STATE ACTION ON LABOR CHARTER
Development of a program of 2 bor-management co-operation smooth transition of Hoosier Wi ness from war to peace, will be discussed by Indiana labor and man-
agement leaders-at a meeting here,
Monday, May 186. Invitations to the session have been mailed by Dean H. Mitchell, of
| Hammond, president of the Indiana to | Ine., Michigan City, Ind., wished to
State ‘Chamber of Commerce, leading labor executives. Mr. Mitchell and Charles W. Kern, state labor commissioner, will be cochairmen of the meeting. Representatives of
{the meeting.
Mr. Mitchell said the state conference follows formulation of a pro-labor-management code on
DAVIS FAVORS
: conversion wage-price policy.
state-wide ishe | business groups in addition to the {state chamber have been invited to
HIGHER WAGES
‘But Keep "Preseit Jtless, Cost of Living 1
By CHARLES H. HERROLD United Press Staff Correspondent WASHINGTON, May 4.—StabiliLzation Director Willlam H. Davis believes the nation can achieve full employment and post-war prosperity by booms in food, clothing and lum-
living.” . He told a two-hour seminar with a dozen reporters last night that a standard minimum budget for these items should be drafted and multiplied by 133,000,000 Americans. The result, he said, would be annual production goals for the three industries providing enough jobs to maintain the present $150,000,000,000 annual economy. Davis said this would be the way to raise the standard of living 30 to 40 per cent, enough to consume the * $60,000,000,000 worth of peacetime goods “which are now being thrown at the Germans and Japs,” Davis plaihs several specific steps toward achieving that end. He will attempt to hold prices and the cost of living at present levels after the end of the European war while gradually raising wages. He said the war. labor board and office of: price administration are working jointly on the development of a re-
Favors “Litile Steel” Breaks " He favors breaks-in the “Little Steel” wage ceiling to permit general boosts for industrial workers whose wages have not kept pace with the cost of living, such as in meat packing. The largest wage increases will . be allowed the lower-paid groups, he said, This was recommended by ‘James F. Byrnes, former war mobilization director. Tavis sald the success of. reconverting our economy to peacetime production depends on timing the removal of price and wage controls. “Till we gef through the squall, everyone is going to have a tough time .to shake anything loose as far as I'm concerned,” he said. He urged prompt cancellation of munitions contracts the day the need disappears. “It will be a jar jon the economy,” he said, “but it much better to punch the ey on the nose than to go on producing these things when the
ber industries—the “basic things ot #8
Charles
need ends.”
° MICHIGAN CITY. FIRM TO VOTE ON UNIONS
WASHINGTON, May 4 (U. P.).— | The national labor relations board | today ordered an election within 30 | days to determine whether employees of the Hoosier Factories,
be ‘represented for collective bargaining purposes by either of two | unions, or neither. The workers will vote on whether they desire representation by the Amalgamated Clothing Workers. of America (C. O. 1), the United Garment Workers of America (A. F. of L.), or by no .union.
U. S. STATEMENT
Martin Heads
J. G. MARTIN, credit manager of| E. 'C. Atkins-- & Co. has been elected president of the Indianapolis Association of Credit Men, Merritt Fields, association executive ‘manager, an: nounced yesterday. He succeeds L..C. Sparks, credit manager of the Standard Oil Co. of Ine diana. Other officials : elected are Wal- . Martin ter J. ‘Hubbard Jr, American National bank, first vice president; J. Hamerin, Lilly Varnish Co; ip vice president; and Maurice D. Fields, Central Rubber & Supe ply Co., treasurer. Directors elected are C. I. Carey, Peerless Foundry Co.; William PF. Flynn, Indiana National bank; Mr, Hubbard; L. M. Hussman, Central Supply Co.; G. C. Klippel, Van Camp Hardware & Iron Co.; James R. McCoy, Century Paper Co.: A, W. Macy, Indianapolis Glove Co.; J. C. Moore, Stokely-Van Camp, Inc.;" Roy Salm, Bessire & Co. and Wagner, Burnet-Binford Lumber Co., Inc. 8 Holdover directors are C, D. Alexander, Bemis Bros. Bag Co.: Robert O. Bonner, L. S. Ayres & Co.; L. B. Davis, Perfect Circle Co.; Mr, Fields; William C. Grauel, Merchants National bank; Mr. Hamerin, Mr, Martin, Mr. Sparks and
-J, E. Stilz, Kiefer-Stewart Co.
M'GRORY'S AMONG
WAR LOAN WINNERS
An Indianapolis firm, McCrory’s Corp.;: is among six winners in the $115,000, national display competition among the country's retailers, conducted last December in sup-
port of -the sixth war loan.
The. - winners, announced today
~tby the: War “Advertising Council,
Inc, also included Mandel Brothers, Chicago; Square Deal Miller, Detroit; Nebraska Clothing Co, Omaha; Heffern-Neuhoft, St. Louis, and W. & J. Sloane, New York.
AMMUNITION RELEASED WASHINGTON, May 4 (U, P).— The war production board today released center fire ammunition for ranchers, farmers and law enforce- | Sal ment agencies throughout the country. The amount of ammunition
TARIFFS URGED BY COCOA EN
‘Ban Countries That Plan Monopolies.’ :
NEW YORK, May 4 (U. P= Tariff concessions to countries cree ating monopolies on commodities ‘needed in-the U. 8. would he withe . held under a propesal advanced | today by the Cocoa Merchants’ Ase sociation of America. : The move, recommended in a dete ter to Rep. Robert L., Doughton, | irman, house ways and means ommittee,” which is holding hears ings on the trade extension bill, was aimed particularly, it was said, at ‘British plans to control the West African cocoa corporations. The association, working through a committee headed by T. J. Ma §i honey, approved proposals to pers. mit further tariff reductions up to § 50 per cent, except to countriés exs § ercising’ price control or restrictions’ exports needed by U. 8. consumers, Fear Britain, Brazil “The British government ‘controls more than 55 per cent of the cocoa beans we import,” Witkin declared, “and is making it clear that it is planning to perpetuate its wartime 3 control of cocoa grown in We British colonies.” “The state of Bahia in Brazil, source of 18 per cent of the world's production of cocoa beans,” he added, “has established a state moe nopoly and - has served formal noe tice of its intention to project cone trols into the peace era.” American - consumers and busie | nessmen have a tremendous stake | in the existence of free post-war markets, Witkin declared, in rece ommending that “positive action ne taken promptly by the U. 8. governe ment to meet these threath to our chocolate e- Industry. vo
TRUCK
‘Immediate Delivery Rubber Tired Wheels NOW! ““Handee Andy” al pues tube steel 95 him tg quality, not a wartime makeshiff Lots y mics A 12 | ¢ 0 le. 44° 14" wide at nose, Curved cross fou, fn H Pleces. The only truck we sell. LSpe- Sag, permits a better tr and more int, mail only at present time. Fully gu ie an
.0.B.1% 10 Save. Unrated firms cash with order. AAS will assis t immediate delivery, Clip this.
Soa GRE RL
-
co
He Lal vel
oid
released was not announced,
The HANDEES C0. Dept. 18F7 Bloomington, ill.
ob
OFFICE HOURS
Daily 9:45 a. m. to 5:45 p. m, Monday: 12:15 to 9 p. m.
}
Dr. Chas.
OPTOMETRIST
OFFICES—~First Floor Mezzanine
GLASSES
ON EASY: TERMS
Scientific Eye Examination §}
B. Early
QIN
WAS TON P0410
posed the national level under the lead‘ership of Eric Johnston, president {of the U. 8S. Chamber of Commerce,
CANADIAN BROKER Wiliam Green & F.o L. president jand Philip Murray, C. L-O. presi-| War Spend.
LANSING, Mich., May 4“ U.P). dent. Receipts
—The Michigan corporation and | PURDUE AID APPROVED RC ci securities commission today halted| ‘ LAFAYETTE, May 3.—Dr. 'Nor- | Cash Bal.
300» 330 pounds .. Cows (all weights) 0- . ¢
[email protected] . [email protected] [email protected] 1.00@ 8.00
pommee THE CHICAGO STORE—146 E. Wash St. OPEN SATURDAY 'til 6 P. M. and MON. NIGHT 'til 9 o'CLOCK
Medium ....
WASHINGTON, May 4 (U. P.).—GovCutter and common T
ernment expenses and receipts for the current fiscal year through May com- ' pared with a year ago: This Yea Last Year $ 82, 132,726,421 $, 0.540, 100,338 74,635,897,668 2,274,061,186 | 37,645,292,740 3. 263,864,301 44 487,433,181 - 42,280,230,372 | 10,966,841,012 J1,844 504.208 | Working Bal. 10,203,003,006 11,083,994, 10 security sales in Michigan by seven han J. Volk, head of the depart- pyc Debt 238.287.558.196 187.087.145 812 a more Canadian securities and ,min- ment of agronomy as new associate {Cujd Reserve 20,373.556,356 21,428,696,532
NY. Stocks
Net Low k + change 48% hE
Bulls (all weights)
Beef. Good (all weights) Sausage . GOO Lei inani “seensnes [email protected] Medium [email protected] Cutter [email protected]
Expenses sesvies. [email protected]] Allls-Chal
Am
ees 14.00014.05 [email protected]
Am Am Bo ©» Am Am Am Anaconda. ..... Armour & Co . Atchison 5 Atl Refining ... ! Bald Loco ct .. Bendix Aw... 92
snd common CALVES (600) Vealers (all weights) o - Good and choice . [email protected]| ling companies, bringing to 24 the director of the agricultural experi INDIANAPOLIS CLEARING HOUSE Common and medium 9.50 16.0 number of such companies cited in ment station’ at Purdue has been Clearings _
3.00@ 9.00," tates campaign, to -break 2 approved. Debits | Feeder and Jose 2 Cattle and Calves | wha has -been described as a 2mm nt
Slaughter Pigs Medium te Choice— 90- 180 pounds
11.25913.75
LOCAL ISSUES
Nominal quotations furnished by Indi-
A anapolis securities dealers:
Choice 500- 800 pounds
can ees 11.50 Bid Asked | 800-1000 pounds ....
« 1.75
12 | Borg-Warner .. Be Caterpillar T . Ches & Ohio ..
sion” charges the companies with failure to observe Michigan's bluesky law requiring. licensing of all stock brokers. and salesmen and commission approval of all secur-| ities sold within state borders. (Less than a week .-ago Better | Business . bureau’ representatives | from the U.S. and Canada met in New York and issued a warning to American investors .against | purchases of “wildcat” mining] shares offered by Canadian pro- | moters. Yi CH oa Kenper. of the New York Better - Business bureau said, that the promoters “operate mainly from Toronto and it is known that a number of notoridus American swindlers. are in on the racket. : Here (in the United States) they have been forced to quit. But in Canada bither the law or its administration has allowed them leeway on the reputation of some | legitimate mining stocks which have been rising in value for sound reasons.” )
tebeelverer ni
X oe : 500- 800 pounds ...\. 800-1000 pounds .. | Medium 500-1000 pounds ** |Comnion— "7" | 500- 900 pounds 35 Calves ..| Good and eholice— 108 500 pounds down 157 | Medium— 5%2| 500 pounds down . 19% | Calves Good and choice: .| 500 pounds down 112° | Medium— 11435 | 500 pounds down Hu SHEEP (75) ' - Ewes (Shornm) | Godd and choice aries Common and medium
LAMBS
Ta
17% 41
Agents Fin Corp pfd .. L 8 Ayres 4%% pid Ayrshire Col com ..., a Belt BR Stk Yds com ........0. 38 {Belt R Stk Yds pid . | Bobbs- Merrill com -74| Bobbs-Merrill 42% pid a Central Soya com .... Circle Theater com . Comwith Loan §he pid Delta Elec com | Eiectronic Lab com ,e Pt Wayne & Jackson RR pid ve 88 Hook Drug Co com ‘a Home T&T. Ft Wayne. 19% pid... 51 “Ind Asso Tel 5% pid Ind & Mich -E ha pid {Indpls. P & L pfd Indpls P & L com .. Indpls Railways com . Indpls Water pfd . | Indpls Water Class A com ..,.1 "a {Jeff Nat Life com .... *Kingan & Co pie s | Kingan & Co co cara Ys | sLincoln Loan Co. 5% % pid... 7 | Linfoln Nat Life com
» [email protected] [email protected]
“on Va sessesvsece
TR
In- its latest order the commisOUTSIDE or INSIDE - WALLS -FLOORS -WOODWORK
Douglas Aire Gen Electrio . Gen Foods .... Jen Motors ... Gioodrich ...... Goodyear Ind Rayon ... Int Harvester . Kennecott
A sessssesscecs [email protected] 1.502 8.75 (Steers) ” 2 | [email protected] 3%
N
(Heifers)
Br dae
Lah Ae
Maker's $1.95 Qual.
sla rai ie
&
Loew 78% Vis (Qlenn) 24 Mont Ward ... 61% Nash-Kelv .... 22 Nat Biscuit ... 25% 42%
1 %
value in a heavy “%i
bodied oil finish, machine ¢ mixed § paint for every purpose, inside and out. Protect and beautify at a real saving.
wo 17
Ripe
Penn “s. , Phelps A ge . Procter & G ..
+i +4 +1
~ | Progress Laundry com Venn Ya | Ross Gear & Tool com *So..Ind G & BE 4.8% Stokely-Van Camp’ pr of. U Machine com 3% | United" Tel Co 5° . {Union Title com .... Va
Black Screen Enamel
Flows Easily and Lasts
49. 4-HOUR VARNISH
a _FLAT and SEMI-GLOSS gu WALL PAINT
Reg. $2.95 Gal Special
$949
Gal.
td Oil Cal ... td Oil Ind ... 1d Ol NJ... ‘exas Co 5 Jth Cent-Fox .
3 BS Steel Varner Bros .. ) Vesting Bl ,,..134% jenith Rad ... 403
a
WAGON WHEAT
p to {he close of
American Loan 425 86 “| American Loan 4';5 60
‘4 | Buhner Fertilizer bs
Note: Some of
I OH
om handling : ii Club 1s | Consol Fin 5s 56 . {Ind Asso Tel Co 3's T0 Indpls P&L 3. Indpls Railway
+14;
ZL IR
3A
ASKIN & MARINE STORE
141 W Washington St
Ruhner Packing Co 4s 54 ... N Ind Rub Serv SL 73 N Ind Tel 4:8 55 Pub Serv of Ind 34s 3 Pub Tel 43s 58 Trac Term Corp 5s 67 5 H J Williamson Inc 5s 58 *Ex-dividend. .
Good and choice 1 * {Medium and | yood4 Common .. vessanacans Seavy breed hens, 24c. Leghorn hens, Bron, fryers and -Soanters under Ibs., white and barred roc 280. . old roosters, vou Eggs—Current gt ne 2a Se A A . |iarge, 34c; grade A medium 31c; grade A small, J6o; a grade, Butter—No 1, S0c. -Butterfat—No, 49¢c: No. 2. Hinman We Buy Ussble Wire Garment: WE HAVE THE NEW “ech Hangers at 100 per bundle of 103 e icago market ; ay, Indianapolis flour mills and grain 64 Stores All Over Pevators paid $1.67 per bushel for No. 1 ted wheat (other grades on their merits): 4 | N | A A N 3 } S bats. No. 3 white or No. 3 red, testing 33 Ibs. or better, 68¢c; corn, No. 2 yellow * shelled, old crop, $1.08 per bushel and No. 3 white shel od, old crop, $1.12. Quality and
INCORPORATIONS
Banner » Whitehill, Inc, Indianapolis; amendment changing the number: of ‘rectors to five. aloo Farm Supply, Inc., Bluffton; dis-
MIRACLE WALL FINISH
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A durable enamel for Furniture, Woodwork and Walls. Leaves a beautiful f mirrore- like luster. All col ors and white.
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V EE »
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