Indianapolis Times, Indianapolis, Marion County, 4 September 1945 — Page 8
ELLENBACH ~ GAINS SUPPORT
achieved.
policies and
welfare, »
HIS views
ar labor is concerned.”
fled labor agency.
thus far.
» »
tional labor-managem nce may
as a chairman,
office for the movie ind pointed out.
Mine Workers,
¢ ~ fons.
Times Special
4%
DETROIT, Sept. 4
hub caps,
labor
” IN A series of public appearances in the last five days, he took # sly dig at Secretary of Commerce Henry A. Wallace's 60,000,000 post~ | war jobs slogan, condemned unemployment compensation practices forcing workers to take jobs paying less than their benefits and urged an integrated federal service for the education, training and placement of the physically handicapped. In a Labor day broadcast (Mutual) last night he warned labor lo assume its responsibility for the ‘sommon good or prepare for the ~ same government regulation he said wusiness brought on itself. ; In an artiéle in the current issue © af American magazine he said the snd of the war would not neceswarily bring industrial strife and| pledged his efforts to preventing a ‘ slash which might endanger public
were supported by Secretary of Interior Harold L. ‘ckes, who told a labor rally in 3altimore last night. that labor as vell as industry should recognize . “he paramount place of the public nterest, and that “it cannot be all five and no take so far as industry
Schwellenbach has begun streamline the department he in1erited from Miss Perkins but still 's waiting for President Truman And congress to give him authority ind funds to develop-a strong, uni-
Labor leaders, who- disliked Miss Perkins from the day she was ap~ pointed chiefly because she was a woman in what had been predominantly & man's field, indicated they liked what Schwellenbach had done Numerous industry rep‘esentatives also were pleased by the smphasis Schwellenbach had lald on labor's responsibilities.
» SOME observers believed Schwellenbach's plans for a joint public ghairmanship of next month's naconfer provide a means for . greater unity in the labor move- ~ ment. Schwellenbach has said that he believes there is one man somewhere in the United States—a representative of the public——on whom all’ the factions of labor can agree Industry will be asked to select a representative of the public as its chairman, two chairmen will serve alternately. Agreement by the big labor organizations on one man could lead 10. a set-up similar to the Hays’
ent
ustry,
MORE EGGS IN STATE
LAFAYETTE, Ind. Sept, diana eggs produced a “July! increased 18 million over the 150 million produced last year, Purdue university reported today.
G. M. TO BUILD PLANT (U, P.).~General Motors Corp, today announced plan for erection-of a manufactur. ing plant near Elyria, O. to produce bumper guards, and similar accessories,
grilles
a strong oar in WLB dispute matters handled by the office of ecenomic stabilization,
to
The
a Organized Labor and Management Have Given. ~ Him More Co-operation in 60 Days Than Frances Perkins Ever Got.
By CHARLES H. HERROLD United Press Staff Correspondent
< WASHINGTON, Sept. 4. Schwellenbach appeared today to have gained in 60 days greater co-operation and support from organized labor and management than “his predecessor, Frances Perkins, ever
»
«Secretary of Labor Levis B.
Beginning his: third month in office, Schwellenbach has enlisted both industry and labor in a voluntary effort to find a peacetime substitute for the war labor hoard,
He has
“INCOME RISES,
Profit Is $3,145,000, Equa To $3.48 a Share.
in its fiscal stockholders were
the previous year,
year,
Consider Dividend
year was discussed by William B. Stokely Jr., president. He said that if the company’s financial improve ment is "maintained for another
AGENCIES FACE 'RECONVERSION
Truman Wants Executive Groups Reorganized.
WASHINGTON, Sept. 4 (U.P) The house committee on executive
version problem. Truman's request to] reconvert .executive agencies to a peacetime basis; Budget Director Harold D. Smith was called before the committee to defend the President's request for a broad grant of authority to reorganize the executive branch,
for authority
Wants Permanent Law:
Mr. Truman's proposal invited a conflict with "congress because he asked for broader. powers than many congressmen were willing to give. If he should decide to make’ a fight, he may face a repetition of the one the late President Roosevelt undeztook in 1938, President Truman asked for a permanent law, modeled after thd reorganization act of 1839, which was enacted for only two years, He proposed. that no ‘executive agency be exempted and that he be permitted to make “any form of organizational adjustment, large or small, for which necessity may arise.” Committees Chairman Carter Manasco (D, Ala), introduced a} bill which would exempt 21 agencies. He expressed doubt that congress would approve the legislation without the exemptions.
Follows 1939 List
year and if underlying conditions or further expanson requirements do not call for continued growth in working capital, the holders of common stock should be rewarded by the establishment of a cash return on their investment.” Mr. Stokely predicted that the company, second largest factor in the frozen foods industry, would enefit from the expected growth in frozen food sales. Bees More Markets
Overseas shipments through lendlease, have advertised Stokely foods
never used the brands before, Mr. | Stokely sald, The company, which already had some European and South American business before the war, thus is in an advantageous position to develop more, he said. Through ifs subsidiary, StokelyVan Camp of Canada, Lid., the company has tariff and other advantages unger trading agreements which will aid materially in increasing post-war trade with Great Britain.
STRIKE CONGILIATOR GOES TO FT. WAYNE
FT, WAYNE, Ind... Sept, 4 (U, P.). —Frank L. Kiloszar, conciliator from the department of labor, will be in Ft. Wayne today to try to bring about a joint meeting between Magnovox Co, officials and representatives of Local 910, United Electrical Radio & Machine Workers of America, in an effort to settle the 11-day old strike at the plant. Charles W. Kern, state labor commissioner, sald last night that he may also come to Ft. Wayne today to seek or take part in a joint meeting of the two groups. Neither the union nor Magnavox
Most of the agencies he would exempt are quasi-judicial, and in| general congress does not regard them as executive agencies, Some, such as the interstate commerce commission and securities exchange commission, are viewed as arms of congress because congress has delegated them some of {ts constitutional power to regulate interstate commerce, The Manasco bill also would exempt some purely executive agencles such as the veterans adminis. tration and the federal loan agency, which eongress removed from the commerce department last winter, Manasto’s proposed ° exemptions closely follow the list contained in the 1039 act. Smith is expected to criticize the
it was
There could be deo veloped a unity of purpose iF & functional merger of the Amer“jean Federation of Labor, Congress. of Industrial Organizations, United : Railroad Brother: * hoods and other independent un-
Ina
proposed exemptions, . He already has notified the committee of his | objections,
VOGLER NAMED T0 AGRICULTURE POST
L. Marshall Vogler of Indianapolis was today named states director of the production and marketing administration of thé U. 8. department of agreiulture, Mr. Vogler has been state chair- | man of the AAA for the last nine Years, - Perry 8. Richey of Hamilton county has ‘been nameéd asssitant director under Mr. Vogler, Mr. Richey has been for the last two
years state director of the food dis-
officials commented upon the pro- | posed meeting today.
a
STOKELY SAYS. [
Profits of Stokley-VanCamp, Inc. large food packing eoncern with headquarters here, rose to $3,145,000 or equal to $3.48 a common share year ended May 31, informed today. “That compares with $2,252,000 or equal to $291 a common share in
Net working capital was $15,244 + 000, up $3,701,000 from the previous Bales amounted to $67,954,000 4 compared with $51,034,000 in 1944.
The possibility of a dividend for common stockholders after another
{partment of agriculture said,
Hritish Empire |
I's
-
oe == » wn
12
14
1920-21 22 -23 24 25 26 -27
"INDIANAPOLIS Employment Ups end
Downs, From War to War
3
conn occelero uropean wor. Pre-war national defense activities leads to boom -of World
+29 1930 31 32 .33 34 35 36
37 -38 -39 1940 4] 42 43 “44 45
This chart shows graphically the Auetuations of the nation’s employment curve, from the drop that followed world war I to the comparable sharp drop after V-J day.
Divisions.
Livestock
apolis stockyards, the U, 8S. deCattle totaled 3000 and sales were mostly steady, although some’ were off 10-15 cents. The 717 calves received sold at
{steady levels.
8heep .and lambs totaled and Sales were down about 25 cents.
GOOD TO CHOICE HOGS (7325) 130« 140 pounds ............. Ai. 00 140- 160 pounds .. 14.50 160 pounds up ... . 14 .80 Medium=— 160- 220 pounds Packing Sows Good to Oholce—
14.80 14.80
13.26014.75
270 400 pounds .escersienes « 14.08 400- 800 pounds ..escesrrcns « 14.08 Medium-— 250- 680 pounds ............. [email protected]
Slaughter Pigs Medium to Good-= 90- 120, pounds ~ CATTLE (3000) Steers
Cholce— T00- 000 pounds .....io.iieee 900-1100 pounds .... 1100-1300 pounds .... 1300-1500 pounds . Good—
16.25017.50 we 16 [email protected] . 16 75@17,75 . [email protected]
700- 900 pounds .....osveeeve [email protected] 900-1100 pounds ......eies eee [email protected] 1100-1300 pounds .e.ovevrvnes + 15.25916.75 1300-1500 pounds ...eeesseeree 15.25016.75 Medium
700-1100 pounds ... 1100-1300 pounds .... Common
« [email protected] [email protected]
LOCAL ISSUES
Nominal quotations’ furnished by Indianapolis securities dealers:
STOOKS Bid Asked Agents Fin Corp com......... ™ .... Agents Fin Corp pfd.. 19 20 LS Ayres 4%4% pid... 105 ‘ Ayrshire Col com. .... 18% 20 371% J
Belt R Btk Yds com. Belt R Stk Yds pfd...... Bobbs-Merrtll 444% pd Central Soya com . Circle Theater com ... Comwith Loan 5% pfd . Delta Electric com ........... Electronid Lab com . Ft. Wayne & Jackson RR pd. Hook Drug Co com. 9 Home IT Ft Wayne 1% pid...
BONDS
Jvommon and medium Cull
700-1100 | pounds ........e0ee 11.00013.50 Choice 600- 800 pounds [email protected] 300-1000 pounds [email protected]% Good ~ 600-'800 pounds ,., oo 10501575 800-1000 pounds . + [email protected] 500- 900 pounds . « [email protected] Common 500- 900 pounds .........e.0s 10.50013.50 Owe ‘an weighing Good . «+ [email protected] Mediu . [email protected]% Cutter oh ‘common. [email protected] Canner .00@ 1.26 Bulls all weights) Beef Good (all weights) ......%.. 12.25@ 13.00 Sausagb— Goof: «......ceiiiinaiinian [email protected] * | Medium . [email protected] “| Cutter and common. [email protected]
CALVES (117) Vealers (all weights) Good and choice
’
15.502 16.00 + 10. Nan 50
Feeder and’ Stocker ‘Cattle Fi Calves
Ind Asso Tel 5% ptd Cais Steers Ind & Mich B 4%% pid 100% | Chote ndpls P & 118 800 800 pounds ....... cevses [email protected] Indpls P & L com 27% | 800-1050 POUNAS .e.cevarseess [email protected] Indpls Water pid +. oo | Goode Indpls Rallways com........., 1 19 500+ 800 pounds .....iseevnes 13.00013.50 *Indpls Water Class A “com... 18% 800-1050 pounds “..covvensenes [email protected] Jeff Nat Life-com..... «18 « {Medium - | Kingan & Co pfd .. 68 1 800-1050 pounds ...sesveieess [email protected] Kingan & Co eom 4% 5% [Common . [Lincoln Lokn Co 8% % prd . 0 101 300-1000 pounds... ivi [email protected] Lincoln at Life com .... My ,e CALVES (Sieers) P R., Mallory ptd Jot 32% . a Good and choice PR. Mallory €om...evuesnss J0': 32% a Mastie Aspbait saat) wy 8% 0) pounds reuisars anne 14.50@ 186.00 n ub Serv 8%.....00000. 107% 119 ) Pub Serv Ind 8% . ...eeoes 104208 | M0 DOLBds Gown L__oeeeser a Pub Sery of Ind tom. ........ Ne N Good and chofoss Progress Laundry com. 17% +0001 °500 pounds OWS .....ieeses 14.00@16,80 Ross Gear & Tool com... 2 I Medium So Ind G.& RK 4.8%. . 500 pounds down .........es [email protected] Stokely-Van Camp pr pl. 2 Terre Haute Malleable SHEEP (1015) U 8 Machine com So. covanes Ewes (Bhorn) United Tel CO 3%. ..oviviinis co lGood and eROICE Li ieiiiins 5.006 8.25 Union ghitle com’... sors [Common and medium........ 3.50@ 5.00
RECEIVED HERE:
| !
Receipts Increase in Most
|
|
trading remained ac- | expenditures tackles another recon- i, Hnusewvies in foreign countries | tive and steady today with the retoday—President and to ‘our own servicemen who ceipt of 7325 hogs at the Indian- |
1925, |
1325 PORKERS [Rid Japan of Industrialists, Advises Expert on Far East,
BALTIMORE, Sept. 4 (U, P.).—Owen Lattimore Far Eastern expert
and former adviser to Generalissimo Chiang Kai-shek, said today that the allies must free Japan of the “zaibatsu’s” grip before democracy can
develop there.
He declared that the zaibatsu—or industrialists—merged. completely with the militarists in controlling’ Japan for aggression and that the
primary control always was civilian. “Together,” he said, “they are like a small octopus with huge tenacles which holds everything in its power. Their tool and ‘front’ was
| the emperor, owner of vast shares i and estates,
and he still is—although now they 'are loudly . disclaiming the militarists.”
‘Interests Are Same’
Lattimore said in an interview at John's Hopkins university, where he is director of the Walter Hines
Page school of international relations, - that preserving the emperor and the zaibatsu means preserving the “entire machinery that made Japan an aggressive country.” The biggest misconception about Japan, he said, is that the interests of the industrialists, the militarists and the emperor differ. “The only difference is that the civilians or industrialists are the go-slow crowd about aggression; the militarists are the go-fast; the emperor belongs to both of them.” The emperor's: holdings alone, he said, amount to thousands of shares in banking, railroad, sugar, utilities, paper and shipping companies, as well as hundreds of thousands of acres of land.
Republic Possible
Lattimore said breaking the stranglehold of the zaibatsu would make possible the development of a “genuine, ‘spontaneous and thoroughly Japanese movement which would substitute for the emperor a real republic.” He declared that if this were permitted, supported and encouraged by American policy it would take the form of middle-of-the-road democracy, gnd there would be no danger of communism. “The only danger of communism would arise if American policy were to choke off the. development of democracy, leaving communism as the only alternative to reactionary Japanese forces supported by the victorious powers.” Lattimore said a democratic potential does xist in Japan, com-
posed of thousands of small. inL Indianapolis flour mills and grain ele~ vators are paying $1.54 per bushel for No: ! red wheat (other grades on their merits). new oats, No. 3 white or No 2 red testing 33 lbs. or better, 568c; corm, No. 3 yellow shelled old crop, $1.14 per bushel, and No. 3 white shelled corn old orop, $1.25.
Lambs (Spring)
CGiood and choice ........... 12.00@ 13.00 Medium and good. ......o0000 [email protected] COMBO crime veittian, 9.50@ 10.00
[tribution office.
REASONABLE COST.
SALARY LOANS
$100, $200 or more—Up to 12 monthsto repay
ANT to get a loan quickly and privately? Phone or visit Household Finance. To apply for $50, $100, $200 or more, you simply tell us how much you want to borrow and the payment plan you prefer. You need no endorsers or guarantors to get a note, auto or furniture loan from Household, If you can make monthly payments, you are invited to ask for whatever amount you need. Notice in the ‘table below the convenient monthly payment plans you have to choose
from. Payments shown include prin. cipal ‘and: charges.’ At our monthly rate of 3%; a $100 loan for one month costs only $3.00. A $50 loan, repaid
in 3 monthly instalments as shown, |
costs only $3.07. On any loan you pay charges only for the time you have the money—no fees or other extras,
Apply by Phone! If you have a money problem, visit Household today. For extra fast serv.
ice, phone first, then call at the office for the money.
FIND HERE THE CASH. LOAN YOU NEED pa , Choose your monthly payment here on the same each succesI hog Lud 6 3 | 12 payments Sues the otal o «y : or smaller payments increase them. 85 Pelt ls on § 5.03 | % the monthly rate of 3% on f 9. $ 643 3 on 75 | 2654] 2020 | 1386 | 9.651 7.55 | Soniihasi oh Ser pinch Bot ex: 19 35381 2693 | 18.48 | 12.87 | 10.07 Be, a balance in excess of 126 uz 33.66 24 16.08 135% Itie on actual 150 07] 40.39 73 | 19.30 10 reduced 200 | 7050] 53.65 | 36.78 | 25.57 | 19.98 | Rr gimacunte or Scher hiaen 300 105.10 | 79.88 |. 54.63 | 37.81 | 29.42 | charges. \ x
TWO INDIANAPOLIS OFFICES a Bank Bldg., Sod Fi Wathingion & Movida Phone: Riley un |-
*Ex-dividend.
U.S. STATEMENT
WASHINGTON, Sept. 4 (U. P.).—Covernment expenses and receipts for the current fiscal year through Sept. 1, come pared with a year ago: y This Year Expenses. 415,020,882 049 War spend'g 13,855 711,608 Receipts... 51830.744 671 Net deficit .. 10.200,136,878 ash balance 18,749,178 830 ublic debt 263.10) 926 738 Gold reserve 20087708, 522
Last Year $16,000,358,613 14.586,980,005 4,686,108 512
211,247,608, 600 20,046,158 653
INDIANAPOLIS CLEARING
American Loan 45 58 ....... oR 100 Buhner Pertilizser 5a B54... ., 1 American Loan 4%s 60 ...... 98 100 Ch of Com Bldg 4'3s 61 21 ‘ Citizens Ind Tel 4'%s 61 103 Columbia Club 1%s 58. ....... 80 LL] Consol Mn 88 88. ....... 501040 9 Ind Asso Tel Co 4a 70.. 108 Indpls P & L 3%s 70 . PY | 4 . Indpls Ratlways Co 8s 57..... 88 n Indpls Water Co 3%s 68... 107% .... Kuhner Packing Co 4s 3. Vesa. 3] Raess N Ind Pub Serv 3%s 73. “ran N Ind Tel 4%4s 85 ve sesh Pub Serv of Ind as 2... cans | Pub Tel 4%s BS ‘ow .e | Tras Term Corp Bs 67. | H J Williamson Ino 8s 53 wove!
11,314,252,101 | 17,784,177,176 |
BOUSE CIORPIRES ou snvivanss sss vrmns SA ASR on | Debits abv ALAL KL) ——————
|
}
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@ Call BE 3330
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Directly Opuonite the St ehouse
New Material Floated Tanks
NEW YORK, 8ept. 4 (U, P). ~—A new buoyant material weigh= three-quarters of a pound per
cubic-—foot; than cork, was developed by United States Rubber Co. and army ordnance to fill the pontaens used in landing heavy armored tanks, it was disclosed today. The material is so light that it even kept pontons and tanks from sinking when punctured by gun fire and enabled tanks to be unloaded from landing barges a mile or more from shore and go in with turrets and main guns above water, ready for action, Insulation for homes, automobiles, trains and airplanes and buoyancy units for life preservers, floats and pleasure craft are among ther many uses the material can be put to in peacetime.
dependent businessmen who were not brought completely under the zaibatsu until the war period and
-inow would like to regain their in-
dependence, laborers who have been shorn of rights and poorly paid and peasants whose co-operatives have been subject to monopoly con-
trol and who have been dominated
by. landlords, the most powerful of whom are related ‘to the zaibatsu and military families.
Prepared for Defeat Lattimore said the zaibatsu were
better prepared for defeat than the | :
U. 8. for victory. “They already have put their collaborationist team on the field to capitalize on the U. 8. belief that the emperor controls them while, in fact, they. control him.” He predicted this would be their line of action: 1. To stimulate disorder and conflict in China. 2. To work up antagonism Vetween Russia and the other allies. 3. To be “awfully good boys” with the Americans and carry out their wishes. If any uprisings occur in the -name of democracy, the Japanese authorities would run to the allies and report it- as ‘“‘sub= versive activity.”
seven-—times—lghter
|
| Seniors Study
T. 4, 1945
J obless Pay
While Awaiting 48 Telegrams !
WASHINGTON, Sept. 4 (U. P.).
—Senators studying the $25-a-week
jobless ‘pay bill waited uneasily. today for 48 telegrams from 48 governors. They have discovered—after a week of hearings before the senate finance committee—that there may be a “kicker” in the plan, Sponsored
by Senator Harley M. Kilgore (D, W.
The telegrams will tell.
Va).
The bill, on which hearings are supposed to end today, provides for federal payments to bring unemployment compensation in the states up to a national maximum level of $25 a week for 26 weeks,
Reduce State Money?
The question. the senators want straightened out is this: Under some state laws would the states have to reduce their own payments by as much as the federal government was giving? ‘ For example, if a state now has a $20 a week maximum unemployment compensation payment the federal government under the Kilgore plan would add $5. ~But because of a quirk in some state laws, a state might.-have to reduce its own payment by that $5. "Thus the person receiving compensation] would not receive $25 at all. He'd get $15 from his state plus $5 from| the federal government-—the same! $20 he'd have gotten from hisstate in the first place.
Asks Governors
The committee has asked every governor to ask his, attorney gen-
barrier fo an arrangement by which the federal government would make supplementary payments merely to extend the duration oir jobless compensation. Senator Asthur H. Vandenberg (R. Mich.) has proposed this in~ formally. George told reporters in answer to a direct question that it might work if the other wouldn't because federal payments in this case would begin after state pays ménts had ended. Vandenberg thinks the duration
than the amount. Under the present. plan he says, an unemployed
person might find himself “without
any cyshion at all” after 26 weeks, ADD §'s TO :| Your_ Paycheck
Through
eral or legal department to prepare arr opinion on this point. | Meanwhile Chairman Walter | George (D. Ala), said he didn’t | think there would be any such legal
NO INSURED BANKS IN RECEIVERSHIP
WASHINGTON, Sept. 4 (U. P). —The Federal Deposit Insurance Corp. reported today that. since May, 1044, no insured bank in the nation has been placed in receivership and no depositer has experienced a loss from the élosing of an insured bank: Leo T. Crowley, chairman of the board of FDIC, reported in a semiannual fiscal statement that the corporation's net income for the six mohths ended June 30 was $59,000,000. Total capital and surplus on June 30 was $868,000,000.
ENEMY DATA AVAILABLE WASHINGTON, Sept. 4 (U, P.). —War Mobilization Director John W. Snyder has designated the com-| merce department to make avail- | able to American industry and sci-| ence scientific and technical data obtained from enemy sources,
4
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