Indianapolis Times, Indianapolis, Marion County, 24 February 1947 — Page 6
\s War Cash Dr i Threatened Loss of Luxury Business ; Is Only Drop in Bucket of Troubles
yy fo Planes:
First of
¢
7
a Series
By 8. BURTON HEATH NEA Staff Writer
management recognizes the danger it faces. It has accepted the challenge. Already it has started swinging at its enemies. You have seen and heard about the railroads’ frank attacks
Loss of the luxury business might break the raliroads. But its expan-
théy have to meet and beat is the old challenge that faces every profit ‘enterprise:
If you don't earn'at least your expenses, you'll go bust. Not Too Bad Now Syperficially, right this minute, the corner into which the railroads are backed does not look uncomfortable. They made big profits They cut their
estimates, 1947 passenger revenue will almost double that for 1941. Yet as a group—remembering that no generality applies to every road they are “hurrying and scur-
iil RRERER i
EEE if
pE7E, EE 2p ent
09 out of the either
or trusteeship. When!
91 still were in receivership. The next five years were good ones financially. The railroads performed valiantly in the war effort. They halued almost twice as much freight as in world war I with half a million less cars. They handled 80 per cent of war freight and 70 per cent of all They transported persons more shan twice as many passengermiles, with 30 per cent less cars, carrying 97 per cent of uniformed movements plus millions of civilfans. Roads Were Well Paid
For this they were paid well. During the four war years they took in almost $35 billions—more than twice their revenue in the four pre-war years. In spite of wage boosts and higher costs, the
sitaxes. They won't get that $190.-
Wiss ons.
and some of those probably are in condition to get out when legal technicalities permit. Built Up Surpluses Most roads built up their current surpluses greatly. The high was an increase of 6389 per cent. In terms of dollars, the Union boosted its current surplus by $141,000,000 (300 per cent); the New York Central by $80,000,000 (161 per cent); the Southern Pacific by $65,000,000 (230 per cent); the
Delivery Within 24
president of Mathews Supply Co.
cent); the Santa Fe by $49,000,000 Mr. Mathews said. (63 per cent); and so -on down the At slightly extra cost bathroom line. | s In the light of such apparent *"° hen in de egiippey with prosperity, why do the railroads e an 0s. Basenow face what may be a life-or- ments, porches and utility rooms death crisis? lare optional.
Because this was .a war-bred,| g,me of the models are equipped war-financed, completely abnor- oi Borg.Warner-Ingersoll utility
mal situation. It's all over NOW.| ic The units come in 16 styles. Business is beginning to slump. mpeg contain furnace, water heater,
Rivals, who were too busy during umbin | g, venting, electrical, hi the war to give trouble, are getting | 0 and water elements. On one
COMPACT KITCHEN—This snug kitchen unit is a feature of new "factory-built" houses offered for sale by Mathews Supply-Co. A model is on display at 517 E. Washington st,
Prefab Houses Shown; 38 Models Available
Distributing Company Asserts
Five-room prefabricated houses manufactured by the Strathmoor Co. of Detroit are now available here in 38 styles, R. H G. Mathews,
The houses can be delivered within 24 hours after orders are placed Rock Island by $58,000,000 (328 per! and can be ready for occupany in three weeks after start of construction,
Agreements Cited 3 pg
WASHINGTON, Feb. 24 (U: P). Peaceful settlement of more than & score of labor disputes during the past eight weeks was cited by the labor department-today as further evidence of a new era of labor. g “responsibility and
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The recent settlement or truces involve more than 2,600,000 workers.
Three major trouble spots still loom—in the rubber, soft coal and telephone industries. - Rubber workers. in three of the | big four companies have voted overwhelmingly in favor of a strike if their demands for a 26 cents an hour wage boost are not met. John L. Lewis’ coal strike truce ends March 31. And a nationwide elephone strike is threatened April 7 unless agreement is reached on wage increase demands ranging up to $12 a week. ; , Oil Dispute Settled About one million workers are involved in these three industries. On the bright side, Edgar L.|Can Warren, chief of the department's
Hours Possible,
700-1100 pounds 1100-1300 pounds
Common 700-1100 pounds . HEI
announced today.
| side is a complete kitchen and on n Hoste Bulls (all weights) the other a modern bathroom. conciliation service, hailed as “com- Good | ‘The units have all metal kitchen |Mendable” last week's wage agree- | Sau (cabinets, seven-foot Norge refrig-|ment between the International Oil lerator, electric or gas range, elec-| Workers (C. I. O) and a, group of trical or gas hot water heater and Southwestern oil companies. oil or gas furnace. Price of the| The oil dispute, which would have house and unit is $7250. .It comes tied up production in five states, {in 16 styles. was settled only a few hours before 5 A “factory-built” house is on the strike deadline. The tentative
splay at 517 E. Washington st. agreement calls for a 10-cent hour-
(all weights) 5.509 16.00 m .50 Cutter and medium CALVES (500)
Good and choice ‘ rerhey Common and medium ....... 13, Culls (78 pounds up) ... 8
Feeder and Stocker Cattle and Calves Steers Choo nd S 800-1080 Dn Good—
Freight Gains Forecast
The railroads believe that this year they will take in $790,000,000 more for freight than last year They expect to lose $300,000,000 of passeriger income, to pay $200,000,000 more for materials and supplies and $40,000,000 more in wages and - $90,000,000 more in payroll
= Ready-Built H
Living Open
€
000,000 tax carryback again. By NED Overall, they expect to see 1947 net income drop, then, to around $189,000,000. That is almost exactly what they got in 1940—less than in any year in modern times except during the great depression. Equipment is old and worn out. The roads need 140,000 new freight cars. They have ordered more than
CHICAGO, Feb. 24.—The idea
| ready-built houses to gadgets for of sweeping the dirt under the rug.
of the convention of the National
Chutes Feature Home Show
Idea Men Who Specialize in Easier Post-War Sample Kits
Seripps-Howard Staff Writer opened their sample kits today. They are displaying everything from the C.IL Before 6000 home builders ldoking ahead to their biggest year, the
manufacturers exhibited postwar devices now coming on to the market.) pact between the American Federa- |S The display marked the opening]
500- 800 pounds 800-1050 pounds Medium— 500-
monthly provisional cost of living allowance. Mr. Warren said the oil agreement was “only one of a score of peaceful settlements made during the first eight weeks of the year.” He listed among others: The voluntary arbitration agreement between the Associated Gen-| Common and medium . eral Contractors of America and the A. PF. of L. building and con- J, S. Statement struction trades department. l= 4 The recent 75-day extension of | w.sHINGTON. Feb. 24 (U. P.)
teel Wi ' ernment expenses and receipts for O. United Steel orkers | current fiscal year through Feb. 20, pared with a year ago.
This Year Last Year ++..$23,663,486,525 $45,495,711,668 | ,715,736,468 26,439,566, 563 2,052,249,952
ly, wage increase and a $17.50 ouses, Dust
Good and choice Medium ood Common
Good and choice
BROOKS
men who specialize in easier living oy e com-
discouraging the ancient short-cut contract with U.S. Steel Corp. Other Contracts Signed — Last month's industry-wide wage | Rec eipts
| Surplus Deficit xe . tion of Radio Artists (A. F. of L) [Cash Balance’, 5893.170,¢73 : { Cc
19,036 Debt. 259,479.797,683 275594, 764.363 l your garage doors by touching a {and four major networks. 173, 237 324,
$600,000,000 worth of locomotives, mostly Diesel-electrics; and $200,000,000 worth of passenger cars,
|Gold Reserve. 20,775,172.491 20,233,324,119 Association of Home Builders. | button on your automobile dash| Company-wide wage pacts be-| : For the next four days the home poard. Another model operating {tween two major textile companies
builders will be mobilizing for &/ the same way turns on your garage |and the Textile Workers of America |
INDIANAPOLIS CLEARING HOUSE Clearings Debits
lightweight and streamlined; and are reconditioning the better o}d| ones in their own shops.
Road Beds Need Work.
Road beds and rails need much |costly attention. The beds must be jsmoother, the curves betfer banked | and the rails heavier to carry new trains that can hit well over 100 miles an hour. The railroads’ trouble is not just a disconcerting decrease in revenue last year and another drop, ... this year in net income. That could -Corning Co., Toledo, be borne. They have used much red eC = use of its ink many times in the past, and fibérglass for insulation. re: on Hos 10’ the fant that 200 Wit to 08 4 lo Boise. e ow es ine ac e |building, it's good for making expenses have moun so hig » | frozen-food shopping bags, lampand can be trimmed yey oe: | shades or lining winter clothes. Revenue, even hese relatively If youre addicted to bumping
boom times, is slumping off. into protruding doors, the New CasTime to Take Heed tle Products Co., New Castle, Ind.
If the nation were résting now | has your problem solved with a door in an economic trough, about to made of heavy fabric. It folds into start rising economically, the roads’ |the wall like an accordion. position could be regarded as fa- Delayefi-Action Switch vorable. Since we are well up on a| or if you fall over the furniture wave, and many top economists y.iween the light button and your expect that we must go down at ed, another company can give you least part way, the railroads feel it|, gejgved-action switch. The switch
necessary to bolster their position. | u up to three minutes to Where can they find the reve- allows Ju Ww
shortage now retarding home construction. For seekers of low-cost dwellings, the National Steel Corp. is showing an arch-ribbed, quonset-type house designed. to sell for $4000 to $6000 The builders say the small model can be financed for less than $35 a month.”
|
| reflecting clapboard siding of alum-
net income of all Class L roads for nues needed to make both ends {make the trip.
the war years was close to $3 billions, which was four times that for the pre-war four years. Even last year, with the war
device will {illuminate meet? Maybe they can encourage | Anvtier de
| your switches or floor plugs for two ar me on putnam ola worth of electricity » yea.
i lugs cost $1 who used ta be considered -as a The switches and plugs $
8
fight to remove the industry from gang driveway lights. .|(C.L 0). They grant 10 to 15-cent-| —— —— its remaining government controls For $14.95 —and to find remedies for the labor
Reynolds Metals Co. has a heat-
It you
over, and strikes and a general nuisance but now look like life-| > |
letdown, it is estimated that they | savers. took in more than $7,500,000,000 . There's lots of room on the tracks and wound up with a net income for more passengers. The roads are
h. The Bell telephone system—al{though it's short on instruments— |has an exhibit promoting the idea
of $219,000,000 (including income tax carrybacks). By the end of 1946 only 67 companies remained in receivership,
|of installing phone outlets throughnut the house. The dust-under-the-rug habit is |cured by the installation of edh-
going after them—hard.
Tomorrow—The trains of tomor- | row,
»®
ROOFING INSULATION SIDING VACOL COMBINATION WINDOWS Buy everything on one- bill at one place—VYery easy terms if desired
——
9 Howard K. Lewis ROOFING C INC. | 8539 : AVE.
CHe! 2256
. |venient dust chutes. The same firm b shows laundry chutes: that won't clog or remove collars from your shirts. 3 Radio-Control Gadget The Hill system, Memphis, billed as termite control engineers, dem-
‘Chicago's Indiana Clu
Chooses New Officers New officers of the Indiana Society of Chicago are Barton R.
Gebhart, president; John T. Me- onstrates how the inséct pests will |Cutcheon, historian; Chester W. pore through a champaigne bottle 'Cleveland, secretary, and the Rev cork and remove the contents.
John J. Cavanaugh, chaplain. For $165 you can buy a radioResident vice presidents are Illi- con
ou can have an elec- hourly wage increases to 200000 Truck Wheat tric clock with built-in door chimes |employees. (Which give a fair reproduction of| The new wage contracts signed {the Westminster notes. A better |by the Pittsburgh Plate and Libbey- | vators are paying model costs $60. Owens-Ford Glass companies and | tor, *g1'53" ber bushel, and No, 3 white, | Another company will install and |the Glass, Ceramic and Silica Sand | $1.23 per bushel. oats testing 36 pound
e better, 9c per : 4 service a water-softener for $2.50 isture’ $3.18.
Coal Pay Tops |All Industries *
WASHINGTON, Feb. 24 (U. P). -The labor department reported today that December wages in the coal industry hit a new all-time high and topped average wages in all other industries for the month, A report by the department's bureal of labor statistics said soft coal miners earned $70 a week and hard .coal miners averaged $66 a
Workers (C.I1.0.). The agreements, | soybeans. 14 per cent mo a month. reached after three weeks of almost | Sere set— Plastic Insect Screen
continuous negotiating sessions, Chyrchill’'s Brother Dies | provide hourly increases of 3 cents LONDON, Feb. 24 (U. P.).—Mal}.|
A plastic insect screen which 15,000 glass workers. costs no more than metal screens| , one-year agreement between John Spencer Churchill, 67, youngis guaranteed against bulging orithe U, S. Potters association and [er brother of former Prime Minisrusting. And it requires no paint.|tne A PF. of L. Brotherhood of [ter Winston Churchill, died yesYou can pierce it with a pencil and | operative Potters. It calls for an|terday. He was a senior partner it returns to its original shape. |gi,_cent hourly wage increase for [in the stock broking firm of VickA burn-proof hardwood material's ooo workers in the china anders Da Costa and a life long asso-
is being shown for cocktail tables ware divisions. ciate of his famous brother. and bar tops. general - . — —
The December mine :
repre. sented an increase of a RUE
dustries, The bureau sald preliminary es timates for January show that ave weekly
$47, a near record level, It said recent wage Increases -— boosting hourly earnings to a record $1.16 have almost: made up for workers’
industries.
Flanner § Buchanan. We. glad to answer them. No
tions, of course.
LANNER
AND
BUCHANAN
G/T 2
. FALLCREEK AT MERIDIAN ST.
Heating systems which operate with pipes embedded in floors and walls, “kitchen units, preassembled |bathfooms and single - operation {laundries are on display in abund- | ance. The Ingersoll division of BorgWarner Corp. pioneer maker of the utility unit which includes kitchen, bathroom, heating and laundry, is showing a de luxe model, for larger homes than those permitted under old government ceiling prices. It is not yet in production. The new model of the central utility core will sell for around $2000 as against $1600 for the standard type.
Local Produce PRICES FOR PLAN T DELIVERY
tg Hens, 4% Ibs. and over, 3c; under, 18¢c; Leghorn hens. 18c: soft meated chickens, 25¢; cocks and stags 16c; No 3 ponitrv. 4c less than No 1 Butterfat. No. 1, 60c; No. 2. 87e. Eggs Current rece.pts, 54 lbs. to case, ne Sthde A large, 38c; medium, 34¢; no rrade,
o INCREASES THE LIFE CLOTHES
7c Perm-Ase
SAM
e LOW EXCLUSIVE AT PRICES O
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The Perm-Aseptic Procéss, developed during
by killing all bacteria. Bacteria JUST CAN'T treated garment.
nois Governor Dwight H. Green, -
108 W. WASH. ST. Claypool Hotel Bldg.
Herb Graffis, Walter L. Gregory, {Philip Maxwell,” Philip C. Leffel, Lawrence H. Whiting, Gaylord 8. Morse and William G. Edens. § Non-resident vice presidents are|} |U. 8. Senator Homer E. Capehart,
Will H. Hays, Mark C. Honeywell, Governor Gates, Paul V. McNutt, Ernest M. Morris and John 8. Olsen.
TIENTS WEAVING COMPANY
WHERE QUALITY
OPENS NEW BUSINESS
The Tom Collins Jr. Co. of Indianapolis began operations this week under the ownership and management of David M. Pert, an army veteran and native of Indianapolis. It is said to be the third such plant || in the country to be opened under a steran’s—aid--expansion program.
clean all your clothes.
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A SENSATIONAL NEW PROCESS
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PLAIN DRESS,
SUIT or COAT
erage in all manufaeturing industries continued close to .
age work week was 46% hours,
week over November apd $31 more than the average- weekly wage for .. workers {n all manufacturing ine .
loss of wartime overtime in most
69:
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WORKMANSHIP GIN
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