Indianapolis Times, Indianapolis, Marion County, 5 March 1946 — Page 9
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TUESDAY, MARCH 5 1946 Ee
STRIKE OUTCOME 1S SPECULATIVE §
Workers Risk. Savings On Outcome to Win or Lose;
Action Against Whole In
By JOHN W. LOVE
Scripps-Howard
CLEVELAND, March 5.—Some thousands of workmen now employed and owning savings accounts and war
bonds will lose these savings. i
dustry Rated Effective.
Staff Writer
n a kind of speculation.
The speculation will consist of strikes which fail to turn
profit. - Their strikes will be short and successful
ae ENCOURAGE JAP
as the statement that thousands of speculators inn the stock market will lose money in the lively move ments which inflation Induce them. Gains and losses in strikes are old enough to deserve more study, and some recent trends begin to make the effort easier. -
" = ”
"out as leaders and union members hoped.
These employees of Sears-Roebuck & Co. Indianapolis store are shown holding the check they were awarded for winning first prize
Other thousands will take the same risks and make a In a recent company campaign to gain customer goodwill.
now more than 100 days old, has/port to this country so she may Thalberg. cost the strikers more than they procure foreign exchange to. buy
can earn back for months. Un-
right, they are Eva Davidson, George Blaylock, Jean Spencer, Ralph | 30. 140 pounts” 4.25 | Lausch and Harold Dutcher. 140 1% pounds erraesseans 1. in 14.88 4 nn 300- 330 pounds ...... : . : J30- 30 pounds .... . Hain Books x, 100 330 Pounds ............. [email protected] EXP RT TH 10 |, S. Packing Sows The Business branch of the In- ’ hh ky rg 14.10 dianapolis library has announced SEARS BUYERS op 14.10 receipt of the following new books J 4 . 16.10 ian. of interest to business people: i 1215814.00 Foreign Exchange Needed of tot x COLLECTIVE BAR- Sleaghier Pigs wil on and ¢ . d To Buy Food. ber Har. T: Williamson an | ‘Indianapolis Plan’ Starts Msn, mei nen WASHINGTON, March 5 (U. P.).| PLANNING YOUR HOME FOR| With Workers. SATE tam) THE GENERAL -MOTORS strike,| —Japan will be encouraged to ex- BETTER LIVING, by Milton O. Cholce— * Broylovess of the local store of| 500-1100 pounds oo... ..... ii 1 111 food, fertilizer, and other import! by Marshall Edward Dimock. in & recent campaign for ideas to pounds . , 18. the state department| HISTORY OF ECONOMIC DOC- mn 700- 900 pounds .
less G. M. pays more than other essentials, can | said
automobile companies they never earn it back, relatively.
ployees of the meat packers ard
oil refiners. They walked out and | plete operating responsibility for all the | Japanese trade with the U. 8.
the government took over plants. The men got increases which repaid them for their rouble. Is it possible to discern differences which might be used as a guide in other ventures of the same.
nature? The lost strikes were di-ithe U. 8.
rected against individual companies, not whole industries. (Some strikes against companies have been profitable, of course.) The successful ones were against whole industries. They were essential industries. The government took them over, = td » THE STEEL industry supplies us with an in-between example. There
weeks, and President Truman awarded the strikers 18': cents an hour, Without trying to estimate the. capital gains for this investment we might notice the fact that a whole industry was shut | down and government action was impoftant again. Furthermore, the! government guaranteed a price increase, which it did not do in the G. M. strike. If the steel strike was successful, then the price increase must have had something to do with it, as it had in meat packing. A pattern begins to emerge, not clear cut because it has many exceptions. Those strikes have the best chance of success which are brought against whole industries, particularly essential industries, and in which the government can buy peace with a simple or commodity price increase, Strikes have less chance of success against separate companies and in those industries which can't get price increases begause their product is complex,
MONON USES NEW CAR FOR LIMESTONE
Times Special LAFAYETTE, Ind, March 5
today. Production and export of raw
Douglas MacArthur, who has com- |
Ban Private Trade International control of Japanese trade is still being studied. The. directive applies only to the exchange of goods bétween Japan and |
It states that eventually foreign | trade with Japan will be restored to private hands, but for the present direct trade relations between] private industrialists or business-| men ip the two countries is forbidden. At this end, the United States war department will handle most of the procuring of imports needed by Japan. :
tion Finance Corp. will Japanese exports to this country. | No Japanese commercial salesmen | or tradé travelers will be allowed | to leave Japan to seek import or | | export. markets abroad, until the! Allied ‘program for .the repatria-| tion of undesirable. Japanese has been completed and Japan's foreign assets have been mobilized for reparations payment. Raw Silks The major prospect for export 1946 is raw silk. There: are now on hand 40,000 bales and about 10,000 additional bales will become available each month. It is expected the export of raw silk will] begin at an early date. Other export possibilities are cotton “textiles and rubber, tin and antimony from the Japanese stocks created during -hostilities. Many of the Japanese cotton mills were de- | stroved by bombing, but if Japan can be furnished with raw cotton, she may do much to world's critical need of cotton textiles, the department said.
Seen
OIL PRODUCTION uP NEW YORK, March 5 (U, P).— Petroleum ‘production, which nor-| mally should now be at the year’s lowest level, has mounted to more! than 4,700,000 barrels daily after a
The Monon Railroad has completed 10 new-typé flat cars designed espeeially for handling Indiana lime-|
stone, freight car shop officials here | said today.
The cars are equipped with! “snub-up” units, a patented innovation installed on the bolster
gprings which “cushions the shock]
of the up-and-down movement when the car is rolling. Several tests have been made and the shipments moved through to destinations in perfect condition, officials reported. U.S. ORDERS RAISE IN SEIZED PLANTS CHICAGO, March § (U. P.).— Meat packing plants seized by the government have been ofdered to | begin paving immediately a 16-cent | hourly wage increase “approved by | the wage stabilization board. Gayle Armstrong, government rep resentative in charge of 135 meat plants under government ..operation, ordered the increase paid retroactive to Jan. plants were seized. Armstrong also requested that plants not under government operation begin negotiations immediately for establishment of wage scales in line with the pattern set by the stabilization board.
REA C0-OPS WARNED TO EXPAND SERVICE
BUFFALO, N. Y., March 5 (U.P). | —QOlaude R. Wickard, rural electrification administration head, told] REA cooperative leaders from 46 states today that expanded cooperative power distribution to farms was their most effective weapon |
against “the destructive efforts of| increased production,” Mr. Brown- |
26, the day the]
{decline in November to 4.450,000 | barrels from the wartime peak of | 4.944.000, according to Business Week, the magazine of current busi-
ness news.
INDIANAPOLIS CLEARING HOUSE Clearings ahah $ 6.788 Debits 168,544, a
| TRINES, by Eduard Heimann,
meet the {
HOOSIER FOOD | GOALS RAISED )
Corp and Soybean Acreage cluded weekly c {for ideas to improve service to cus-| .n {tomers and to simplify store opera- | tions. {in the firm's house . organ, Sears’
Is Increased.
Indiana crop acreage. goals have been increased for 1946, especially
for corn and soybeans, L. Marshall potter recreation rooms for Vogler, state director of the produc- |ployees; and -an open house for emtion and marketing administration, | 'ployees and their families.
said today. | Hoosiers will be asked to produce
The United States Commercial|1450,000 acres of soybeans and 4.-'the company headquarters where it Co., a subsidiary of the Reconstruc- | 725,000 acres of corn this year. This competed with handle| compares with original goals of 1,- (branches to wi to win first t prize.
300,000 and 4,700,000 respectively. Last year Indiana had 1,432,000! acres in soybeans and 4,52,000 acres in corn. Hold Soybean Price *The change for corn is between six and seven per cent of last year, said Mr. Vogler, For soybeans it is a gain of about one and a half per | cent against nine per cent which had been the previously set figure.
|
in| The re-examination ‘of all BOALS | ct rictions, it was announced today.
came as a result of the shortage of | food throughout the world, Mr.| Vogler explained. This has become! more serious with wheat shortages
{
in the southern hemisphere, especi- |
ally Australia and the Argentine. Mr. Vogler also said the agricul-| ture department has announced that the previous support price of $2.04 per bushel for soybeans would | be continued on the 1946 orop.
|
CONVENTION DATE SET FOR AUGUST
{ Times Special | LAFAYETTE, Ind, March 5—| [Preliminary plans have been made | for the annual meeting of the | American Institute of Co- -operation | to be held at Purdue university, Aug. 26-30. Three officials of the group have recently completed conferences with Dean E. C. Young and other university staff members. Institute officials here for the meetings in=| {cluded William A. Nielander and | Tom Cleary, both of Philadelphia, oq ANd M. G. Gay, farm credit administration, Washington, D.C.
By DANIEL
Asks Tax Cut on Top Incomes To Get Best Production Men
M. KIDNEY
7 Scripps-Howard Staff Writer WASHINGTON, March 5—Reduce the income tax on upper bracket
incomes and bring the top-flight production men back from Miami and |
put them to work.
That verbal atomic bomb, challenging a generation of Washington
tax thinking, was fired by Albert J. Browning, new director of the office |
| of domestic commerce. | who recently retired as a general {in charge of army purchases and | production. Secretary
of Commerce Wallace
| probasly the most surprised man cause they feel that it is useless to|in gervice on March 10 on the Santa
{in America.
Follows Statements Mr. Browning expressed his views | on “incentive tax reductions” atan |unrehearsed press conference. Sec- | retary Wallace and Undersecretary | Alfred E. Shindler wereithe others | taking part. The conference started with each | | of -the three--reading prepared | statements ment act- of 1046,. which recently | passed congress.’ The statements] were worded so as not to over-excite anyone, Then came the question period. | Secretary Wallace invited his new helper to lead off the batting. He| did. | “What we need is incentive tax | reductions to stop inflation through |
the utilities.” ing said. Addressiig the National Rural “You don't get production by Electrification ‘association's fourth | taxes which penalize increases. 3 annual ‘convention, Wickard said|is like telling a man who makes
some 6,000,000 rural electric power, He warned or gAniza-| tion leaders “against
families lack | product that if he holds down iy
| duction he can charge $1.50, but if
“complacent | he steps it up high enough the |
praising: the employ-|
Mr. Browning is a former Chicago businessman, labor are available, Fred G. Gurley,
“Ouf interviews with numerous |
His tax ideas made! manufacturers indicate that they day.
{lose their best production men be-|
| get a salary increase which will be taken away by higher taxes.” Asked what happens. to these | | high-pald persons when they quit, | | Mr. Browning answered they prob-| ably loaf in Florida and their plages | | tion men. A reporter pointed out that to cut upper income brackets would “reverse a 12-year trend.” But Mr. Browning stuck with his idea.
Red-faced, Secretary Wallace, long |
a supporter of the tax principle | of “ability to pay,” suggested to his | {new assistant and all those present 'that “we dont’ intend to take over ithe. functions of the treasury.” | Mr, Browning agreed to that,
Tries to Change Subject
| “I ‘think it can be said that studies in this field have not gone |
far enough to support any con.
clusions as to taxation effects at! this time,” Secretary Wallace said, (rying to change the subject. Mr. Browning agreed that “it is
disregard of the needs and right of | taxes will be such he will only get a long-time job and these are my
the people. w who want REA service.’
'[ 10 cents for it.
own feelings in the matter."
Srarton & Comma
T. P, BURKE, Viee-Prod & Mgr. : ® CIRCLE TOWER Cp
We are pleased to announce FRED C. KUETHE (Major, U. 8. ‘Army) Has Become Affiliated With Our z
INDIANAPOLIS - OFFICE
| They are based on personal in|terviews, Mr. Browning explained, Secretary Wallace made it clear that he had not been among those |interviewed. He again pointed out that any tax plan must be discussed with the treasury. : “I am sure the gereral was not [thinking in terms of right now,” Mr, Wallace concluded. The con|fererice endec. th reporters chor *tling over: a st they never ex-|
. ® MA. 53%
v.
pected to get when they arrived, i Ca ii oa
» = »
|gain customer goodwill that was FEDERAL TAXES ON ESTATES, | lconducted in company stores iis Let us look at the profitable type silk, tea, ceramics, coarse grades of TRUSTS AND GIFTS, 1045-19486, by | \throughout the country.
of strike speculation. Probably the! textiles and handicraft is to “be |Robert H. sin
-neatest turns were made by em- | encouraged under control of Gen.| olis store consisted of Eva Davidson,
George Ralph Lausch and Harold Dutcher.
Indianapolis Plan and is based on the theory htat satisfied employees| will result’ in satisfied customers.
{stored between New. York and
| 3,500,000 yards of cloth illegally.
|are filled by Becond-rate produc-
Left to
The committee at the Indianap- | ¢ Blaylock, Jean Spencer,
The winning idea is termed the
‘Held Contests Various phases of the plan in-|
It also included improvement
a campaign for em-
News and Views;
The committee kept a scrapbook (of its activities. This was sent to
SLEEPERS DUE BACK ON PENNSYLVANIA
: THE INDIANAPOLIS TIMES ‘Top Honor
ontests with prizes | [ Medium . Sutter and ‘common- ee
Good and choice ’ Common . and Hedin . (Culls
Feeders and Stocker Cattle and Calves | |
Good
To Strong.
CATTLE TRADE ACTIVE HERE
Other Classes Are Steady
An active cattle trade ruled. at the Indianapolis stockyards today despite higher asking prices, the U. 8. agriculture department reported. Some gains ranged from! 18 to 25 cents, Other classes were steady to strong Receipts included 5350 hogs, 1850 cattle, 875 calves and 1135 sheep.
GOOD TOUTHOICE HOGS (5350)
Cholce— 600- 800 pounds
Cows (all weights
Butchers ARR s13.%@1
15.50
16.25@ 16.25@
14.78
«15.00
12.50@
~10.00@
) 12.750
Bulls all weights)
Beef
Good Higa weight)
Sausa
a. Medium ... Cutter. and common
CALVES (37%)
Medium-— 500-1000 pounds
SHEEP (1125)
Ewes (Shorn) and choice
| Common and medium ..
PHILADELPHIA, March 5 (U.P). |
Lambs
—Sleeping car seryice on the Penn- | { Choice and closely sorted
sylvania Railroad will be restored |
| Good and choice Medium and good {fully March 15 with the withdrawal | Common
BHe
11.78 10508 8.50@
+ 17.50 11.00
Steers | those of other |choice— | - 800 pounds ...........e [email protected] | 800-1060 pounds Baanane [email protected] | Good | 500- 800 ‘pounds ....e.c0000s [email protected] | 800-1050 pounds ....eveveiin [email protected] |
00 00
. [email protected] . 10 0013. Ts
17.78.
“13.900 15.50 . [email protected]
ae -a®»
17.75 | ns)
16.25 | 16.25 |
18.00] 12.500 |
1430 8.00]
14.00 |
13.00] 11.75 | 10.50!
18.08 | 17.50 | 11.00
of office of defense transportation
LOCAL ISSUES
Sleeping car service will be re-
ities dealers: Washington, Baltimore, and be- Supls Seuur TOCKS i" tween the following cities: Agent ne Si Po Lea Philadelphia and Richmond, {Amer States pfd .......... | Washington, Cape Charles; Piuts- ARSE States & &:::::ivis
{burgh and Columbus, Harrisburg, Cleveland; Chicago and Indianapolis; Indianapolis to St. Louis. The OD Trestriction on sleeping oar operation were instituted last July to free sleepers for military use.
GPA SUSPENDS 67
Ind Ind & Mich Indpls P & L7pf { Indpls P & L com .
L 8 Ayres 4%% Ayishire Col com casas Belt R Stk Yds com Belt R Stk Yds pfd . Bobbs-Merrill 4%% pid .. Bobbs-Merrill com ‘Central Soya com Circle Theater com Comwith Loan 5% Cons Fin Corp pid Delta Electric com Electronic Lab com Pt Wayne & Jackson RR pid 10014 Heriff-Jones Co cl A pid Home T&T Ft Wayne 7% pid Hh Hook Drug 21
Nominal quotations furnished by
pld...... .
pid
Co cont. “hes
Assoc Tel Co 2 pid Bt 4% pid
Indianapolis Water pfdWASHINGTON, March 5 (U. P.).| 1Indpis Water Class—4 com. *Indpls Railways com .....
—The civilian production adminis- | ;
tration today suspended the prior-| Kingan & Co com rs Kingan & Co pid .. | Lincoln Loan co 5% ptd
ities of 67 garment manufactu
Jeff Nat Life com
‘P R Mallory com
| Marmon-Herrington com
as part of ity get tough” pol ¥| Lincoln Nat Life com .. with clothing/ priority violators.
Morris V
ner, OPA compliance| Mastic Asphalt chief, told newsmen that in some | Not!
Homes com
cases the penalties would be 80 se- Progress Laundry com ...
vere that the firms would be out Pub Serv of Ind 5%
of business “for §ix months.” facturers were charged with buying
F
Pub Serv of Ind com
| Ross Gear & Tool com So
Ind G & § 48% pid
Stokely-Van Camp pid . facturersw ére chargéd with buying Stokely-van Camp com
Ini Terre Haute Malleable U
8 Machine som
some instances, they exceeded their United Tel Co 5% . .
OPA quotas by*400 per cent, DESIGN TRAIN RADIO FOR SANTE FE ROAD CHICAGO, March § (U. P.).— Train radio service for Santa Fe passengers, designed to provide programs of ‘popular and semi-classical
music, will be put into operation this year as fast &s equipment and
| president. “of the Atchison, Topeka] | & Santa Fe Railway, announced to-
The first installation will be paced
| Fe dining car 1450 to provide | music during the luncheon and din- | ner hours. Farnsworth Television & Radio {Corp., Ft. Wayne, Ind, designed the integrated system to. be used’ in dining ¢4r 1450. The. Brush De- { veloping Co., Oleveland, designed the wire reproducers, while the musical ‘programs will be recorded by the Muzak Corp.
HAVANA, MIAMI FLIGHTS SET
HAVANA, March 5 (U. P.).~Cuban Expreso Airlines today will inaugurate charter passenger flights| between. Havana and Miami, Fla, Donald W. Stewart, executive vice president, . announced today. He said one flight daily.is planned for | this week and two flights for next | | week and thereafter under an au-| | thorization from the civil aeronautics board pending action on the | line's application for establishment of regular passenger flight schedules between the two cties.
LOCAL PRODUCE
PRICES FOR PLANT DELIVERY Poultry: Hens, 4's lbs. and over, 22c; under, 19¢; Leghorns, 18c; springs, 4% Ibs. and over, 22c;. under, 20c; ‘Leghorns, 18¢c; roosters, 16¢c; ducks, 8 Ibs. and over, 20¢; capons, 6 ibs. and
light, 15c; geese, 20c; over, 30c; under, 22c. ; Current receipts, 54 Ibs. to case, raded eggs, A large, 33c; A medium,
306; no grade, 28¢c. Butterfat: At ceiling, 50c.
TRUCK WHEAT *
Indianapolis flour mills and grain elevators are paying $1.73 per bushel for No. .1 red wheat (other gradis on their MArLS) oats, No 2 white 0 red: [testing 38 hs, tr better. 186: fia. No. 2 yeljow shelled, $1.41 per bushel and No, 2 White shelled sors, $1.26, :
Vaion Title com
| American Loan &%&x 55 | American Loan 4'%s 60 .. Buhner Fertilizer 5s 54 Cn of Com Bldg 4'4s 61 Citizens Ind Tel 4'2s8 61 .... Columbia Consol Fin
Bonds
Ciub lies 5s Ss 58
Indpls P & L 3%s 70
Indpls Railways Co 58 57 .... Ind Assoc Tel Co 38.75 ..... Indpls Water Co 2ips 68 .... Kuhner Packing Co 42 54 ...
N Ind Pub Berv 3% 73
{ Pub Serv of Ind 3las 75 es Pub Tel 4'us 55 ‘vie
Trae Term Corp bs 67
H J Williamson Inc 5s 8 or
*Ex-dividend.
«107% 3
CB An ..113's
Ind Pub Serv 5% .... Ep
SERVICE COMPANY
totaled
-—
HAMMOND, - Ind,
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INCOME INCREASES
Times Special - March §— Operating revenues of the Northern Indiana Public Service Co. last year | $32,111754, an increase of $1,346,732 over 1944, the annual ol port disclosed today, Operating expenses and taxes n-| creased more than $1,000,000 leaving a net fncome of $3,470,518 as compared to $3,350,281 in 1944, |
6
rmit
Indi | Asked
20 2 |
11s! 33% +0
a
11% wiih
108% 110
EE —
Free Parking Just Across the Street
SUTRA
SLC ERA LA LO
SPRING
$1810 4%
You'll wear a suit now under coats + « +» you'll wear it crisply later its own! :- All-wool crepes, twills, shetlands, in new cardigan, dressmaker and classic styles . . . with softly padded shoulders, miniature waist lines,” feminine tucks and deep armholes in checks, stripes and solid colors, Sizes § to 15, 12 to 20, 37 to 43.
on
Star Store, Second Floor
The New In
SUITS o£
OW »Y
*¥.s
New plaid
Girls’ Shiiad J
COATS
9 > Wn ‘ 9 9.
& 9. 98.
Spring arrivals of girls’ costs in crepes, shetlands, flannels and worsteds, in blue, melon, navy, green, rose and gold. Sizes 7-14.
Girls’ Coats
8 0. 98 Chesterfield fitted and gathered waist
styles. Colors of rose, blue, agua, red and plaid combinations. Sizes 3 to 8%.
Boys Spring
wool mixtures. Colors of blue, brown and $6 80 Caps to match, $1.39. . ’ Children’s*
Tweeds and flannels of all wool and beige. Sizes 3 to 6%. 6 " * Tee” Shirts
Favorite
A Splendid assortment of saddle oxford constructed longer wear,
Star Store Street Floor
Just what you're wishing for
Saddle Oxfords
$ 4%
sizes 1214 to 8.
Fine knit “tee shirts” to wear with ae 8) fv oe. Wut 89¢ Star Store, Second Floor For GIRLS Genuine Leather eo 00
HANDBAGS
Styles, qualities and
workmanship that has only been avall- : able in higher priced
bags, Top handles, roomy pouches, zipfavorite per tops and undere ® to give arm styles. Black,
brown and patent. Plus Tax
Star Store Street Floor
Bow sport shirt, Joue
Boys’ Spring SUIT S
of fancy cassimeres in neat 3 terns of blue, brown, gray and ad Single-breasted styles. In sizes
to 18: Other Suits Up’ fo. $10.95
Boys Sport SUITS 11s
Boys’ Sport ate an SRE SHIRTS | SLACKS $2.98
Boys' two-tone suit coat has figured front with plain colored sleeves, also pants to match in assorted colors, & combination boys will like. Sizes 4 to 12,
or fanc
Other Sport Shirin, $149 Ra BT ‘ . Btar Stas, Street Floor:
Sh gi Fifi