Indianapolis Times, Indianapolis, Marion County, 11 December 1946 — Page 16
THE INDIANAPOLIS TIMES
WEDNESDAY, DEC. 11, 1948 WEDNE:
{Highway Repair Bids Awarded
| State Roads to Be Widened, Resurfaced |
Low bids for’ 14 highway repair,
Veal Animals Set $31 50 Record at Stockyards Here
Vealers jumped another $1.50, setting an all time high. of $31.50 a Indianapolis stockyards today. Good and choice steers and heifers sold steady while lower ale {dropped 25 cents. The hog market was active and prices generally | | were steady. Fat lambs sold 50 cents higher.
Lemon) Checks Pain
Proposes Coton | Speculation Top
Anderson Plan Would Lower : Futures
WASHINGTON, Dec. 11 (U. P), |
1 BR) GOOD TO CHOICE HOGS (6615) : — sometim Re ort projects at a total estimated cost of Butchers . Cutter. and common ... 9.50@ 12.00 Th Tis : obtained. ir the b ; |$3 million were announced today by| 120- 140 pounds ........... magne UL }0@ 9.50 oo! e administration was con- Tat ane ; ; the state highway commission. Ji6- 160 pounds ,........... 1330a24. 2 | Beat Bulls (all weights) {fronted again today with the ques- Jug vo uy sa BH 180~ Svar rrarar Good (all weight ; : Analysis Shows The comission su st of the 0: FL pounds i toch i Safinge-" weights) 0016 50 tion of whether to ‘tighten govern- Compound 1a tor projects called for widening and re-| 220 pounds @24,35| Good... + [email protected] ment controls over business, or let pe y 240 270 ds . 375612415 | Medium : ‘Lush’ 1946 Profits surfacing of roads throughout the| 270. 300 pounds | ats | NM aTand common’ 130a13.50 | | busine late ; isi 300- 330 i [email protected] ness regulate itself. state. John H. Lauer, commisison| 33° 350 BOUnG% ao CALVES (450) Th blem th By CHARLES H, HERROLD \chairman, said bids below the state Medium.- | Good and choice ............. 29.00@31 e problem this time involved a | United Press Stall Correspondent lengineer’s estimated costs were re-| 100% 330 Poungs i," [email protected]| | Cults” 7s BR Tein sere 2s ads 0 proposal by Secretary of Agriculture | WASHINGTON, Dec. 11. + The (ceived on all contracts advertised.’ |Ggod olee 21.00G22.00 | Feeder and Stocker Cattle a Catv ClintOD P. Anderson to limit the - Peaane . « C. I. O. threw into its wage drive | The locations and low bids, sub- 300. 330 pounds 20.156 32. 00 | Steers | accounts of cotton speculators to foday an independent analysis {ject to verification, included: ~__ sao. “0 De . : » ol pounds 185001750 130,000 bales on each of the three fu~ . | " a ! Rg fT el Ril0. Joints cress seenss flaming that “lush 1946 corvorate ie toad 13 and, 0, Lake and 48 mus BR Gin ones aaiise) tures exchanges—an. overall Jims | lion stified im- oH = Pounds c.ouiviannnns hood “800 pounds ves 14.00@18. 50 Profits of 3% ‘bi : Win mereases | Construction Co., Chicago at $204,- JMedium He 4 He 20.00 Medio pounds oe 201850 talion of 0% bales, I - OUNAS ...ovivvrann a Dn og price in joss. 4.30 ta Pos : : Pp Bl rts es ig 300-1000 pounds ...eesuveee. 1230874.00 present a et TY the ‘workers— - a a Porte an ar creases, | counties. nearly nine miles, Shares M50: 120 pounds £4 + 18.00023.00 mu oT amoral oR Speculators lgiufes jae. 3 ° ; 2 The report, entitled “A National RILEY 5651 Police Chief Jesse McMurtry calls The ‘Indianapolis. Times while |Road Construction Co., $217,330. CATTLE (1425) SREY (128 [er Adve to 90.000 bales : Ambs after the sharp break i Wage Policy for 1047," was prepared| cruising the streets in The Times mobile telephone car with Heze Clark, sveteran | Roads 2, 20 and 331, South Bend | 700- 900 pounds [email protected] | 504 and choice 29:30933.50 market 1 P break in the cotton a t R Nathan associates at 9 end Mishawaka, 7.8 miles, Rieth- ino. 2 bounds 3400s. 00| Medium and good 16.50 20 50 | a 8) Jasi October. b est of the C. 1 O. Mr, crime reporter. : Riley * Construction Co, Gashen,! 1300-1500 pounds [email protected] | COMMON ves Sheri Gk New Dyjeans cotton exchange . O. bo 1 an Good— ‘wes (Shorn e & counteg’proposal ca. Nathan is a former deputy director| The first actual news story filedjcame on the report of an accident at 34th and Pennsyivania sts, By $223.41, . 700- 900 pounds ion [email protected]| Good and choice cevirsiense 8.00@ 7.50] self Sl Pa! i. ex. y ‘ . " we : ho es ommon and medium. ....... p . of the office of war mobilization and | from a mobile telephone aut omobile factual news gathering which or 3:85 p. hm, Heze Old Times Yb Das nw RRg 100, Steuben) 300.1100 pounds . 18.50a33.2 20| Common and medium, ....... 550G 6.00 changes. § . . t ere BY : ter, Cé ! $ , ! reconversion. was carried vesterday by The Indi- ables the reporter to flash he city ran I he vo DO i Tor | t. Wayne 194,18] | Medic: pounds 19.50@24. w/ TRUCK WHEAT At a hearing before the come i Mr. Nathan's report said the anapolis Times in the Red Streak desk from on-the-spot location. office on the phon stalled . yne, v3. SD POLES &. ov iviroias 14.50319.50 | Imodity exchange authority yesters | wa diti The service went into effect at car. No one was injured in the Road 13, Grant and Wabash 1100- 1300 POUNES ...vuninerss 14.50@ 19.50 | Jndianapolis flour mills and grain ele-| day, the N $3 95 present “imbalance between Wages edition. d T1 first run minor accident. county, 10.7 miles, Hipskind Co., FY. Common tors are paying $2.16 per bushel for ew Orleans exchange . and profits is unsound.” This ushered in a new era in fast, 3 p. m, yesterday. The fir: X Wayne. $200,595. | 700-1100 pounds Litre 11.50@ 14.50 | Ured wheat, (ther grades an thelr merit} ;| asked the government to keep igi A ©. O. source said C. 1 Of |" Roads 22 and 116, Adums snd Juy| 0-300 pounds "77 .... nevgntoniand wos white, 3038 pei bE pi \OF for 60 daye and let the ex Black, Royal 1 80 ounds ....oienenie estin peunds or tte 9 b h unions would use the report as am- | Uni L oder Sa S Hormel Workers Win counties, 17.1 miles, Hipskind Co.,| Good > is | No 2° yellow ids 37 be i per Rent usneks| J into effect the self Light munition in thelr campaign to win| ormer nion e y , Ft Wayne, $401,692. | 600- 800 pounds r+ 1800a2300 | ture, $2.65 g “substantial” 1947 wage iectrions 7 fa Cent Wage Increase Road 37. Madison and Grant Mediume: Boiads eam Fr TR A ve A . dn the steel, automobile, electrica Ab Pp wer o counties, 4.7 miles, John Dehner,! Comme on— we : "S . JSTIN, Minn., Dec. 11. (U, P.). : | and other important in m a or uses oO Al ’ ' Inc., $72,103. 300. POURS... ity SROB10.00 " Be © e | esermont of the George A. Hor- pe: 46, 31, and 150, Floyd, oe Ceres So ol reighte) 14,00@16 |
Green Refuses Comment on Suggestion Few Top Men Fail to Sense Responsibility
By FRED W. PERKINS
Scripps-Howard Staff Writer 1
Industry Could Absorb Hike
Mr. Nathan headed the OWMR staff which in October of 1945 com= piled. a report stating that industry could ‘absorb a 24 per cent wage
increase and still make record | WASHINGTON. Dec, 11.--Other union leaders are giving the cold |g. itz said that negotiations on eo of James S. Watson, president, who profits. * : | shoulder to a public statement by Clinton 8. Golden, former assistant other matters would be resumed LOCAL PRODUCE died yesterday. Employees of the 0 J HoLpER MAN y ; His new report emphasized two to OC. I. O. President Philip Murray. Mr. Golden suggested that the : re board ‘were to be: dismissed 3 noon Je LDER, ANAGER main points: power of organized labor has grown more than the sense of public SOON. PRICES FOR PLANT DELIVERY io attend the funeral to be held at Oss Lamy aie s ONE: Workers have suffered & | responsibility among some of its top men, . The settlement followed the pat-| pou try: Hens, 42 Ibs. and over 27¢; 3 p.m. today in the Flanner & ices in cities interconnected by our substantial loss in take-home pay | Among those who refused comment on that was William Green, tern set by the international pack- es. in go a, 1946 Buchanan mortuary. i private wire system. Outstanding securities eS doa ae ale to A. F. of L. president. The AP of . av. be at ’ han inghouse union and ended any oe geese, 106: No. i unis, Sherlie Deming, Vice president, g Tessuich intention. wailable, : San “01. now includes the United Mine ences may be held later with other (jy eat of a walkout in the packing ‘ben No. 1. a will head the board until] Mr. WatBoers substantial new wage In< oo oo ded uy Jahn L. Lewis. groups, YE mahatachiring Rs wei as plant noted for its. guaranteed an- (FER Clan? récetacs Sb Case: Sueresior is ‘named by ‘Mayor . s ~~ : . r. urray, re- other utilities Including telephonic, yal wage plan. th E ve il , ‘ . yn . Zier HIT ET A NNN ON A SR 3 Mr. Nathan said the weekly take- | . ah on grade B large 36c, no ‘grade, 25c. LT A RN ported to be at and other communications. .
L | ers have agreed on a | ly {
O. United Packinghouse Work- Miles, Louisville, $147,364. T'# cent hour-
Road 62, Posey. county, Breslin Construction Co. Frank W. $160,737.
wage increase. Union President
Louisville,
‘mel Meat Packing Co. and the C./son, and Bartholemew counties, 4.34 Medium. : Bresli Constructi slin nstruction Co., Board Recessed
10 miles, For Watson Rites A regular -meeting of the works board was postponed today respect
12.00@ 14.00
MERRILL LYNCH, PIERCE, FENNER & BEANE | {|
Underwriters and Distributors of Investment Securities Brokers in Securities and Commodities
Cirele Tower Indianapolis 4
Telephone: Market 6591
£ g s 3
home pay of automobile workers de-!
utilities | fclined from $59.42 to $53.12 between |
his home in Pitts- The. union men in the
burgh, could not meeting were described as adamant iJan, 1945 and Oct. 1946, and steel be reached. against new labor laws {o control workers’ earnings were down from Mr. Golden has them, while the management men $55.04 to $50.28. : | a long record in were reported willing to wait for
congress to act. This attitude, existing throughout industry, was bhe-
lieved to lessen the chances for the |
labor organizing and also in public service. He has
Some Increases
The only offsetting development, | 8 he said, was that Jower-paid workers |
| held held vice voluntary or “brothgrnood of man” receiv elatively large wage inRevived r y ? 9 chairmanships of philosophy as espoused by Messrs. | aes, the war man- Schweljentiach and Warren.
* Thus, the weekly take-home pay | : “for general retail merchandise store | Mr. Perkins power commis“workers rose from $22.31 to $28.57 sion and of the manpower require‘between Jan, 1945 and ‘Oct. 1946. ments committee of the war pro-
Lumber workers’ earnings went up | duction board. He also has been a
BM Head Urges >
from $33.72 to $38.79 and canning member of the national defense workers from $31.69 to $4154, | mediation board, an alternate memHe estimated that 1946 corporate | ‘ber of the national war labor! PW qd of LAWS |
{ board, and a regional director of $25 billion. the national labor relations hoard. He said this equals the best war| Mr. Golden made his statement “year. It is more than 2': times the before a conference in Philadelphia 1929 volume of profits and nearly of the Labor Educational associafive times the 1936-39 average profit ‘tion, which seeks to train union volume, leaders in the science of getting After taxes, he said, corporate along with the public and manage- of laws to prohibit jurisdictional profits are approaching $15 billion, ment while improving the position strikes, sympathy walkouts and “utterly without earlier precedent in of the working man. compulsory union membership our "national experience,” | Many men in union power, he| Mr. Wilson, addressing the Illinois Could Grant Increase lsaid, are not using their power | ' Manufacturers association, also
profits before taxes have reached CHICAGO, Dec, (U, P)—C. E Wilson, of General Motors Corp., warned last night that the nation was threatened by
11 president
“industrial anarchy.” He urged passage
*®
Nathan: said that by
“rate of $11,250,000,000.
¢ If they accepted the 1936-39 rate recent
‘of return on net worth, they could
fincreases, he said.
accepting | ithe 1936-39 rate of net return on ment did.” isales, all corporations would be able ito grant wage increases at an annual
fgrant $17 billion in annual- wage
“any more judiciously than manage- | urged legislation to outlaw all forms of boycott and to prohibit industry-
Mr. Golden. sometimes labeled a mvide bargaining by unions. He said “statesman” of the labor movement, | that unions should be made sub|recognized that organized labor in Ject to the same laws governing vears had become pre- other groups, and urged clarificadominant over management in in- tion of collective bargaining produstrial relations. He appeared to cedure. “The. consistent rise since 1936]
be seeking a balance between labor
in the strength of the Republican
. He said manufacturing could sup- and management-—which has been | port a 21 per cent pay boost and described by senate and house Party has paralelled and coincided (corporate business as a whole a 25 members as their aim in ghtting With the growth of union memper cent raise at the end of 1945 new labor laws in the next congress bership and the abuse of power “without any further increase in| Meanwhile, an éffort to head off created thereby,” Mr. Wilson said “productivity, without any further | .ompulsory legislation through Resentment Has Risen «expansion in volume, and without adoption of voluntary methods in “As the public has suffered more | reducing the return after taxes on the public utility fleld has devel- and more from the abuse of this net worth to a rate below that of oped in the U., S. department of power, public resentment has risen. | ;. 1936-39. | labor, If there is one clear mandate in| rw This was in a meeting here Sun- | the election last month, it is that LQCAL ISSUES {day of industrialists and union there must be reform by legisla‘leaders in the transit, gas and elec- | tion -and improved administration]
Nominal quotations furnished by Indi- tric power flelds. to correct this intolerable situation *anapolts securities dealers: +} They issued a joint statement -in.labor relations.” STOCKS that “both management and labor Mr. Wilson charged that the na-
tional labor relations act, “diminish the causes of
in the utility industries have a basic responsibility to the citizens of the
passed o|
Bid Asked : . labor dis-
Agents Fin Corp com Agents Fin Corp pid..... Amerioan States pid .......
American States cl A...l... communities which they serve.” putes burdening or obstructing in-| LB Avres 4 ..+1'This, thev said, “requires every ef- terstate and foreign commerce,” ac- | Ayrshire Col 16 . : 16'3 | fort on their part to maintain in- tually has “multiplied the troubles” | p errill 4° an dustrial peace.” it was intended to eliminate, | . 5 Babs. Merril com 16 Edgar L, Warren, director of the “Workmen's unions can have a D a va com 30 3 ~ 1 ¥ *Circle Theater com 6 *1U. 8. conciliation service, keynoted sound and constructive place in § 4 omeoliatra Indu Riad en Tyrie 104s the meeting with the statement that, American economic life, The ma- | Consolidated Industries pfd ily 4, utility strikes have been “bv no jority of Americans are for them | +ons in C 7 “" 3 ' Tons FIR arb pid. . 9 «means the worst in the country.” and do not want to destroy them i jeciric com 14 i ¥ Heck oni Lab com. 3 34 But, he said Mr. Wilson said On the other 8 96 99 “ 4 . i 13 14 Any stoppage of a utility causes hand, the overwhelming majority i y Fel Co 2 pid Ft widespread inconvenience, and recognizes that they must be gro1 wins . Bee 4'2% pid. 108 )', sometimes suffering In October lected ggainst the predatory abuse 5 pls & com n R 1 rd 1 d 4 Jndole P&L 47 vid 106 i the problem was undescored when of monopolistic power under the 1 3 Indianapolis Wat 10K 116'; all activities of the city of Pitt vise of unionism.” Indpls Water cl / 14 21 4 4 we a ? * : Indie Railways com 134 * burgh were crippled by a utili New labor laws, Mr. Wilson said Je at Life com 151% 1" rik 9m 3 3 : Kingen Ph oa a: ay strike of 27 days involving the must ‘recognize that the right to BARR i 1 £2 Duquesne Light Co. and an inde- work to compete for a job and earn » In Nat Life 5'; 3 8 vA rvk . bY Marmon-Herringlon con a1, Pendent union That ‘strike was a living—#$ superior to the privilege on Youn Co 5'a pid 101 ended with a voluntary agreement of striking.” Lo arbitrate the issues.” “They must. recognize that labor 10 : Mr. Warren is an advocate of vol- moitopolies, just as in any other I throgres 8 Laundry com 2 , untary action and like Secretary form of business are intolerable in b Berv of Ind com 42 a“ Schwellenbach an opponent of com- free society and must be regulated f Bla T | Puision by the government or prohibited Tool com a0 y Be rmmen I pronin | Ind Q & E43 pfd.....100 112 Mr. Warren said similar confer- he said . Btokely-Van Camp pfa 21 kely-Van Camp com 2314 4 1 pre Haute Meieson Bl Ma A —————— = Ee com aa 244 - + Wnlon @Title com o : FOUNDED 1913 i BONDS | we, | . ican Loan 4'is 60 07 1 ! gfmericar Loan 4'2s 58 a1 SERVING THE INVESTOR { ner Fertilizer 5s 54 . {
New York Office A Sd]
oe] THOMSON & MEKINNON
SECURITIES COMMODITIES
5 East Market Street MArket 3501 - 11 Wall Street. New York - Branches in 35 Cities
Write for cur Monthly Bulletin on Current Investment Opportunities
k
oth ts
T= first big moment comes, of course, when you step out of your door, and there's your very own Buick, all ready and waiting.
The simple truth is that it’s not only
The next onc comes when you roll down the street ig this handsome creation — and practically feel the eyes of the passers-by following.
It's not just a matter of size and room and Fireball power and all-coil springing; as any Buick owner will tell you
You get another lift the first time you meet a hill, and the voice of your Fireball straight-eight engine drops from baritone to bass as it meets the challenge — and tramps the grade
down into easy levelness.
You'd like those moments
Then some night you'll find yourself alone on a quiet moonlit country road — and the whisper of your engine,
the soft tread of your coil-sprung
wal in
wheels, your gentle, cradled, easy stride, will fill your soul with a peace you wouldn't trade for worlds.
an automobile you wait for when you wait for a Buick — it’s an endless
series of sweet satisfactions.
.y « \ — it's the wonderful way all these add up to make a constant flow of golden
moments.
to start coming soon. So would the whole, hardhitting crew that’s wag-
ing relentless war against
| XX
Bi
White sidewall tires, as illustrated, will be supplied at extra cost as 300m as avaliable,
Golden Moments
delays and shortages to produce Buicks for you — and fast.
¥ But the most important thing — when
you think it out — is what you get rather than when you get it — and what you really want is found nowhere else but in Buick.
Why not settle your mind on that and be done with it? You can place your order now for future delivery, with or without a car to turn in — though we like to get trade-ins for our usedcar buyers.
Tune in HENRY J, TAYLOR on the air twice weekly
What Other Car Has So Much That Clicks For Forty-Six!
engine,
Accurite cylinder bores, SMARTNESS — that sets the style pattern with cor-length Airfoil
weight pistons.
fenders and bolt-on rear whee! shields,
POWER — from a Buick Fireball
chassis,
valve-in-head straight-eight OIL SAVINGS — from non-scuffing FLASHING ACTION — of Flite
STEADINESS — from full-length torque-tube drive in a sealed
a , 5 . 4 y Shes Lbs, . MEMBERS NEW YORK STOCK EXCHANGE AND OTHER. PRINCIPAL . risnee iy $anene 2 g : ¥ 4 4 2 4
MONARCH MOTORS CO. 1040 N. MERIDIAN ST., AT 11TH - Indianapolis, Indiana
Inc.
HOW WILL YOU HAVE Your weather $ i Summer or winter, Buick's venti-heater | means. springlike comfort inside your : car. Ask your dealer abou! this tems i perature conditioner, ! } i e i GLIDING RIDE— from Ponthergalt ~~ CONVENIENCE—of high-leverage all-coil springing. or $1epOn porking brake, parking brake, \ { COMFORT—of soft Foamtex” cush- PROTECTION —of Buick-originated § ions in roomy Body by Fisher. fender-shislding front and rear { SURE FOOTING — of Broadrim bumpers, f wheels. Pr 1 i h CONTROL — through Permi-firm *Foamiex seat cushions standard on —— it] IT LA] . M—————, Super and Roadmaster models, avail. § stearing. able on Special Series at extra cost. !
=
‘COMMUNITY MOTORS 37-57 WEST 38TH STREET
Indianapolis, Indiana | “ X * i g . 3 Fr x a - 5¥ a. inp ' : ‘