Indianapolis Times, Indianapolis, Marion County, 9 October 1945 — Page 8

: City Foresaw End of Boom : To Prepare for

SAN DIEGO MEETS RECONVERSION

Three Years Ago and Began Post-War Period.

Many war-boomed American cities, like industry, are faced with

the problem of readjustment to a

peacetime basis.—Sandor 8, Klein

of the U. P. Washington staff, who is on a round- the-nation tour ol representative American industries, has selected San Diego, Cal, ‘ typical of such cities, and in this dispatch tells how it is meeting he

test of reconversion.

By SANDOR 8. KLEIN

. United Press Staff Correspondent

SAN DIEGO, Cal., Oct. 9

(U. P.),—The aviation indus-

try was the backbone of San Diego's war-time economy. It provided the most employment and provided the bulk

of the community’s income. velled their aircraft contracts took it an the chin, As one of a party of news| correspondents making an aerial swing around the

country to find out what industry was doing to reconvert itself—a tour arranged by the National Association of Manufacturers—I heard gloomy talk about the immediate situation from San Die- | go's leading businessmen. But there was not one who was worried about the future.

three years ago and began to prepare for the post-war period. » » " IN 1040, the population of San Diego was 203,000. Then came the war-time industrial boom and the city's population swelled to 286,000, according to a spot census taken last year. Employment reached a wartime peak of 65000 in manufacturing alone, Today, many plants are wholly or partly idle and employment now stands at only 16,000 This drop, it was explained, was caused mainly by the cutback in plane contracts. 88 ” MOST OF the businessmen 1 talked with here felt that San Diego's problem is not one so much of reconversion but rather one of conversion. Before the war, most of San Diego's employables were in the so-called service trades—stores, laundries, hotels, garages and other places that catered to a heavy tourist trade and naval personnel. What the city is trying to do now is to keep manufacturing industries here and to attract new ones. Businessmen sald that all indications were that it would he successful in this goal. They felt that the basis for a diversified and expanded industrial economy is here, » » » AN INDUSTRIAL survey made by San Diego business interests showed | that 42 new products could be made ~ more economically here than in the East. Some firms already have been attracted here and now that peace has come, increased employment is expected in such new industries as plastics, toys, aluminum utensils, Venetian blinds and clothing. Efforts to get automobile manufacturers to set up assembly plants here, however, have not been successful largely because of an unfavorable freight rate differential. But that isn't all. San Diego is

trying to find uses for its idle facili« |.

ties. The largest of these is government -owned Consolidated plant No. 2, which cost $22,000,000 to build. Two firms—one making heaters, coolers and stoves, and the other

‘The reason: The city} foresaw the end of the war boom! .

making wall, floor and ornamental tile—~have filed applications with the Reconstruction Finance Corp. for space in the big plant. » » ” THE NATIONAL IRON WORKS, which*produced steel barges government during the war, panding its facilities to build allsteel fishing vessels. Seafood packers, who were forced to work with subnormal labor] forces during the war, now are try-| ing to bring their employment rolls well above the pre-war levels. Some companies are seeking to double the | number of workers The San Diego Gas & Electric Co has set up .a $3,000,000 construction | budget for 1046, the largest in its! history. y

Meetings

{ Bankers Lt. Gov. Richard T. James will discuss “Indiana's Opportunities” at

the dinner meeting of the Indiana Bankers association next Tuesday at the Athenaeum. |

Realtors “The Place of Agricultural Cooperatives in our Business Econ-

omy” will be presented by Marvin J. Briggs, assistant manager of the Indiana Farm Bureau Co-operative association, at the Indianapolis Real Estate board luncheon Thursday at the Washington hotel.

Life Agents

John M. Zuber, American National bank vice president, will speak on “The Use of Life Insurance in Estate Planning” at the luncheon of the Indianapolis chapfer of Chartered Life Underwriters Thursday at the Columbia club.

U.S. STATEMENT

WASHINGTON, Oct. 0 (U. P) —Goyernment expenses and receipts for the current fscal vear through Oct. 5. come

pared with a you! fy Last Year $23 1 a 002. 268 $ 3 743,377,302

Expenses War Sp'nding 20,151,312,342 229,313,656 . Receipts 11,104,808,793 . '020,367,102 Net Deficit . 12,513,190, wi 14,714,000.500 Cash Balance 15,138,003, 13,900,815,672 Public Debt 262.2 247. 276, HH 211,028,049,130 Gold . Reserve 20, 179.106.1 160 ,172,627 |

IXDIANAPOLIN LEA BEARING HOURE rnes 5.45

Ran ATPT haar

TRUCK WHEAT Er ae >

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for the | is ex-|

When the army and navy can-

in wholesale lots, San Diego

KRUG ITEMIZES

WAR SPENDING

Weapons Cost $186 Billion Not Counting A-Bomb.

WASHINGTON, Oct, 8 (U, P.)— The U, 8. smothered her Axis enemies with $186,000,000,000 worth of weapons, equipment and supplies, not counting the atomic bomb, War Production Board Chairman J. A. Krug revealed today. Krug said that while America’s spending for war material was enormous, it represented only twofifths of the industrial output. The balance, he said, provided civilians “more commodities and services” than in “such good prewar years” as 1937 and 1939, Gives Figures Krug revealed not only the total spent on war materiel between July 1, 1940, and July 31, 1945, but how it was spent: Alrcraft-—$44,442,000,000, Naval and merchant ships—$40,694,000,000. Guns and fire control-$10,801,000,

Ammunition—$19,734,000,000. Combat and motor vehicles—$21,529,000,000. | »~ Communication and equipment-—$10,659,000,000, Other equipment and supplies— $38,148,000,000, Also, not included in his report, was the atomic bomb-—$2,000,000,000. 97,000 Bombers

These expenditures threw against the enemy 287,000 military airplanes including 07,000 bombers; 71,060 naval vessels aggregating 8,250,000 tons; 45,000,000 tons of merchant ships; 17,400,000 rifles, carbines and side arms; 2700000 machine guns and more than 315,000 pieces of field artillery and mortars for the army; 165,525 naval gun assemblies; 86,388 tanks, 16438 armored cars, 88,077 scout cars and carriers; 2,434,553 trucks, 901,220 light vehicles of which most were jeeps, and 123,707 tractors,

King to Speak to Ad Club, Printers

electronic

Howard N. King, typographic counselor for the Intertype Corp. Brooklyn,

N. Y, will speak at meetings of two local clubs Thursday. Mr. King will discuss “Advertising Designs of Tomorrow” al the luncheon meeting of the Indianapolis

Advertising club in the Indian. apolis Athletic Mr. King club, and he will address the Indianapolis

club, Printing House Craftsmen, at a dinner meeting that night in the Athenaeum. Mr. King is a member of the American Institute of Graphic Arts, was the organizer and first president of the York club of Printing House Craftsmen, is past president of the Advertising club of York, and is vice president in charge of sales for the Maple

| Electronic Lab com ; 1 {IM Wayne&Jackson RR pfd . 64 07'a

STEEL BREAK-UP

Businessman Says Truman Wants Decentralization.

LOS ANGELES, Oct, 9 (U. P.).— A spokesman for West coast industrialists said today that President Truman has assured him he favors decentralization of industry, And that is very encouraging, said Kenneth T. Norris, who heads a group of Pacific coast manufacturers fighting to make the West independent of Eastern steel sources. These men think this can be done by proper utilization of existing war-built Western steel facilities. Gives Back Ground Just back from Washington, Norris told about his conferences with the President and other top government leaders during an hour's session ‘with 18 news correspondents visiting here on their round-the-country tour of the nation’s reconverting industries, Norris began by giving the background of West coast industry's fight for independence of the East. Steel-makers, he said, have followed a rigid policy of charging West coast Industries the same price for steel, whether it is produced in Pittsburgh or at a plant only 14 miles from Los Angeles. This places Western industries in a difficult competitive position, he said, especially since Eastern steel-users pay lower prices because of shipping differentials, Two Big Plants There are two steel-producing plants in the West which are capable of providing between 60 and 70 per cent of the Pacific coast's steel requirements, he said. They are the government-built Geneva mill at Provo, Utah, which is operated without fee by the Columbia Steel Corp., a U. 8. Steel subsidiary, and the Kalser-owned plant at Fontana, Cal, Geneva eventually will be put up for sale by the government. Henry J. Kaiser is still operating the Fontana plant but he is saddled with high interest payments on money borrowed from the Reconstruction Finance Corp. to build the facilities.

Says Truman Approves

Norris outlined this situation to President Truman, Reconversion Chief John W. Snyder, Surplus Property Administrator W. Stuart Symington and Sam Husbands, RFC director. He told them that the government should sell the Geneva plant to the best bidder, provided the prospective purchaser was willing to sell steel at a price based on local costs plus a fair profit, As for the Fontana plant, Norris suggested that the government make some readjustment on its loan to Kaiser so that he might be able to able to operate on a better competitive basis. “The President's attitude, Norris said, “was very definitely for decentralization of industry. He told me it made sense for us to be in dependent of other parts of the country for raw materials.”

LOCAL ISSUES

Nominal quotations furnished by Indi. napoli securities dealers:

STOCKS Bid Asked Agents Fin Corp com 1 oF Agents Fin orp pid . 20 LS Ayres 4%4% pid... yi Ayshire Col Com 10% Bell Btk Yds Som 3» Belt R Stk Yds pfd ......... Yann Bobbs-Merrill ao ptd aa Bobbs-Merrill com .... ‘ Central Soya com .... 48

Circle Theater com Comwlith Loan 6% pid Cons Fin Corp pid Delta Electric eom ....

Herft-Jones Co a A pt

Press Co., book printing firm.

DR. G. A. GRIES JOINS PURDUE UNIVERSITY

Times Special LAFAYETTE, Ind. Oct. 9.-Dr. George A. Gries has joined the | Purdue university experiment sta- | tion, the school announced. Dr. Gries will be connected with | the departments of botany, botany and plant pathology. »

goa

Could you buy another Fur Coat Tomorrow?

If your furs, of your jewelry, were stolen or destroyed by fire, could you buy more? Insure them with Grain Dealers and be repaid in case of loss.

agricultural | school of agriculture, and|

iv FOUNDED 1913

Hook Drug Co co 19 Home IT Ft Walton % ptd. 51 Ind Asso Tel 5% id 10% Ind & pen E 4% pid ....106'; 180 Indpls P & L pid cove 113% 114 Indianapolis F & L com .... 29 30% Indpia Water ptd .. «108 . is Indpls Water Class A com. 20 n Indpls Railvaze COM sosveens 1M a Jeff Nat Life com .. 1 ' Kingan & Co pfd ki) Kingan & Co com .. ve 4M ba Lincoln Loan Co 8'4 pid. wee 38% xe Lincoln Nat Life com ....... 87% PR Mallory pfd ....... 0040 My 38% PR Mallory com ........ coo MY 38% Marmon-Herrington com ... 11 12 Mastic Asphalt .........ie0. 8 10 N Ind Pub Serv 5% ........ 107! 100 Pub Serv of “Ind 5%... couse 105 107 Pub Serv of Ind com ........ J 6la 36a Progress Laundry com ...... 18 ar Ross Gear & Tool com ...... Ma Sond G & BE 48¢h.......... 110% 113% Stokely-Van Camp pr pf ... 20%; 32% Stokely-Can Camp com Ae 22% Terre Haute Malleadbls ..... % 8% U 8 Machine com ,........s 3% I United Tel Co 8% .....covune. 1] — Union Title com ... ....ss. 30 BONDS American Loan 4a 85 ...... FL] 100 Buhner Fertilizer 5s 3 cies BB American Loan 4s wan BB 100 Ch of Com Bldg 4'is oo Nn “vs Citizens Ind Tel 4's 61. . 103 Sum. Club 1'%s 6s. ...... 1 Consel Fin 6s 56 0 Ind Asso Tel Co 4%s 70 ..108 Indpls P & L 3%s 70 107

Indpls Railways Co 5s 87..... 90 93

Indpls Water Co 3'4s 68. 107% Kuhner Packing Co 4s 84. . 2 N Ind Pub Serv Rh 7.,....104 N Ind Tel 4VYs bi wy 98 Pub Serv of Ind Is "a... 105% | Pub Te' 4's 85 00 Trae

Term Corp 5s 67 . | ” H J Williamson Ine Bs 65... 98 . *Ex-dividend.

Factors that Determine Value

Factors that determine the basic value of a given security are so numerous and so interrelated, that few investors find time to appraise them completely . . . You are invited to make use of the facilities of our Investment Research Department, :

Write for our weekly Stock Survey

THOMSON &

SECURITIES + COMMODITIES

5 East Market Street Phone: MArket 3501

A1Wall St, New York Branches in 35 Cities

| Mambors Mr Yok Sot Exchange ond aber “principal

REPORTS 0.K. ON

vision of the project.

THE INDIANAPOLIS TIMES

Wlocal Man Worked on TVA's New Kantucky Dam

This is the new $110,000,000 TVA dam located at Gilbertsville on the Tennessee river near Paducah, Ky serving for navigation, flood control and power production, that will be dedicated by President Truman in ceremonies tomorrow. A local man, Worth B. Richardson whose parents, Mr. and Mrs. Alonzo Richardson, live at 2452 N. Alabama st., was construction superintendent of the construction and maintenance diMr. Richardson went to the site in 1938, and for two years did foundation and exploratory work preparatory to actual construction. He was also in charge of housing for the workers. Since 1942 he has been relocating highways and railroads that were affected by the dam that can impound 2,000,000-acre feet of flood storage and the 184-mile-long lake channel.

TUESDAY, OCT. 9, 1945

Hog Ceiling In $14.85; Sales

The local

livestock market re-|Common-— 0 700-1100 pounds

creased 5c to Active, Steady

MANAGERS’ GROUP T0 BE ORGANIZED

A group interested in forming an Indianapolis chapter of the So-

Bennett to Speck

At Safety Dinner

Awards to winning fleets at the Annual Fleet Safety Award ban-

U. S. WILL SELL HOUSING UNITS

Government Bodies to Get First Call.

- WASHINGTON, Oct, 9 (U, P).—

The first of approximately 654,000

temporary and permanent dwelling units built by the federal government during the wartime housing shortage will go on sale in about 30 days, it was announced today. Philip M. Klutznick, federal pub lic housing authority commissioner, said the government owned dwel lings cost about $760,000,000 including land, and included 320,000 teme porary units unsuited for long-term housing, Trailers Included The other dwellings include 180,« 0C0 permanent units, about 74,000 demountables, 60,000 permanent family units built under the U. 8,

52 hours.

the

OU have probably read in your newsvaper, with growing concern, of the strike difficulties in the oil industry. Over the years, The Texas Company has always believed in raising wages us rapidly as possible, consistent with fair retail prices, and reducing working hours consistent with increased production. We realize that only in this way can our people receive more money to buy more things and

The strikes are in violation of the nostrike clause of our contract with the union which reads:

"There shall be no strike, stoppage, or slow-down of work . . . except upon written notice . . . The Company within thirty days from the receipt of such notice will meet with the Local Union and endeavor to reach an agreement . . . in the event an agreement is not reached within sixty days after the expiration of such thirtyday period, the Union may immediately exercise its rights to strike.”

The action of the Union is in violation of the War Labor Disputes Act which reads:

“The representative of the employes shall give to the Secretary of Labor notice of any labor dispute... For not less than thirty days after notice is given, the contractor and his employes shall continue production . .. On the thirtieth day after notice is given the National Labor Relations Board shall forthwith take a secret ballot of the employes on the question whether they will permit interruption of war production.”

The Texas Company offered a 15% increase prior to the strike. That increase represents 46 hours of pay for 40 hours of work. The employes have been working 48 hours per week and receiving pay for

“ 3 in Manllisn pe ” HO ay tn

public may know

achieve more leisure to enjoy them.

The Texas Company believes that union leadership also has its responsibility te the American public — that it must help avoid disastrous inflation and thaf it must live up to its contracts with Industry and to the laws of the nation.

With these things in mind, The Texas Company wishes to present to you here:

The salient fac's about the strikes at our refineries

Secretary of Labor Schwellenbach suggested arbitration and The Texas Com-

pany agreed to accept arbitration but asked certain reasonable assurances, such

as:

Aa) that the strikers return to work

(b) that the arbitrator decide first whether or not the company offer of 15% increase is fair and, if not, the percentage that would be fair

(c) that because of frequent differences between the international and local unions, the local unions as well as the international agree to abide by the arbitrator's award.

At Port Arthur, Texas, in January, 1941, the average hourly rate, excluding overtime, was 93 cents. Now, this fi $1.21 —an increase of 30 per cent, but due to overtime premium payments, the average hourly earning now is $1.31 — an increase of 40 per cent.

e is

In January, 1941, the average take-home pay on the basis of a 36-hour week was $33.50 per week. After ap applying the

Company’s offer of a 15 per cent increase,

Wight ii siegt VRE AER

and reducing the workweek from 48 to 40 hours, the average take-home pay would be $55.44 per week — an increase it take-home pay of 65 per cent over January, 1941. This compares with an increase in the cost of living of spprost i 30 pet cent.

IER 11.00@13 00 mained active and steady at thei. .o Heifers clety for the Advancement of Man-| quet of the Indianapolis cham- |POUSIng act, 35000 house trailers and about 56,000 Indianapolis stockyards today asi 600- 300 pounds ........... «+ [email protected] agement will meet at 6:30 p. m. to- ber of commerce about 56,000 war housing units the ceiling on hogs was raised five| S0051100 pounds .....vv.vvrs, 1875017, | morrow at the Athenaeum for din- safety council [converted from original structures, cents by the government to $14.85, 809 300 Pounds Vase “rorvas uma ner and election of officers. will be made Klutznick said the federal, state the U. 8, department of agriculture yeqjum-—.. ~~" vo ARTERY Approval will be obtained for Thursday in the [3nd local governments would be reported. 0-910 POURME revenveinsye 12.25@147 | petitioning the national organiza- Lincoln hotel. (Elven first call on government. Receipts included 5575 hogs, 1975] “500- 900 pounds +............ 10,00012.25 tion for a charter for the local Richard o. [oWned housing. He added that local cattle, 500 calves and 1950 sheep. Cows (all weights) group composed of 28 representa- Bennett, Chica- housing authorities © would have Ban [email protected] tives of industries here who will go, field repre~ [third priority on such purchases 5009. 70. CHOICE NOGS. (3315) © “[email protected] {become charter members and three sentative of the [Since they are considered local pube DE a ey rr a ao 315@ 733 members affliated with other chap- Rational safety lic bodies, Any remaining units will 160 pounds UD ...onprersers 14.85 Beets ‘ Sokrhing Weights) 13.00m12.50| LETS Who are transferring to the council, will [be placed on public sale under com- ; MID pound eo TA mn @135015cal group. ; present the [petitive bidding. . DORAL ous evuressn A5@ 4. Good ER A AER 110001240 The organizing committee of Her- Mr. Bennett awards, F. El- Expect to Reuse Good to Choice— ' Cutter and common ........ 8.00@ 9.75 |Mman Drach, F. L. Mootz, H. G. Sem~ ? bert Glass, Riutsni 270- 400 POUNAS vevvevirrsns 14.10 CALVES (500) ler, Paul Kress and F. K. Brown,| chairman of the fleet division, utznick said he expected most Mediu oun do pad 1.0 Vealers (all weights) were assisted in organizing by| announced today. of the temporary units to be pure Good— a Caod 200 Ee aysiu in aie Ralph Gery and John McConnell of | Arthur C. Horrocks, Akron, O, [chased by contractors who would Medium ta Goad" Ciacasslt 6.009 10.00 [Ell Lilly & Co. public relations counsel of the |reuse the materials for new build« Slaughter Piss os Yorlury and Shinker Saidis and Calves SE Goodyear Tire & Rubber Co. |ing., Other units probably will be Wn i HR - 800 POUNAE ..........0es [email protected] | Good and choice— | will speak on “What It Takes to used, he sald, for schools, farm Cons ars 0-100 POURS «uvvvsarsss ++ 13.50@15,00 S50 pounds QOWR Loviveiiarie [email protected]| Be a Fleet Safety Award Winner.” |puildings, park shelters, tourist ort N — edium— 4 : ’ T00. 900 pounds ........... . [email protected]| 500- 800 pounds [email protected]| 500 pounds down ............ [email protected]| A short minstrel show skit. will be |cabins, garages, roadside markets I EOE. NEBLR mou as oi SASH mar in fen by employees of interna: |and similar building. i300 i300 pounds +. [email protected] 300-1050 pounds «...vsvevee. [email protected] Ewes (Shorn) tional Harvester Co. The first block of temporary units jo MON-~— Good “h Ev a . 700- 800 pounds ...... oreees 141301028 CODT000 pounds ....vrees sin [email protected] | Common ‘ana medium ...... +. 40 5.2 Guests will be Governor Gates, |to be placed on sale will be approx= 000-1100 pounds srenenisrenes 18.28 16.78 CALVES (Steers) Lambs Mayor Tyndall Chief of Police [imately 300 multiple dwelling units 1200.10 POURS 4oetirseneres 15.00916.78/ Good and hoi tarde al o0ise closely sorted. + 142301450 esse McMurtry and Will H. |at Wichita, Kas. Klutznick said the e po = 900 pounds WE. ....0uaes ; . 0 anon + 13 k : BO DONA «eos .es AITO dD jGood aBd 3 ioe i 135g1100 Remy, president of the board of [call for bids would be issued in 1100-1300 POUNAS +1. terranes [email protected] 500 pounds down ..... aieiais [email protected] | COMMON ......ocuevnnrsnensns [email protected]| Safety. about 30 days.

TUESDAY

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