Indianapolis Times, Indianapolis, Marion County, 21 November 1948 — Page 51

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R. 3484 TA. 3321 HU. 1397 BR. 5464 IR. 232 CH. 2321 MA. 8429 3 MA. 177 ID. 1434 ——,

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"SUNDAY, NOV. 21. 1948 SCTE

The Week | In Business

NAM Team Tunes Up Business Minds With Facts of Economics

By HAROLD HARTLEY, Times Business Editor BUSINESS AND INDUSTRY leaders are taking an

intensive briefing in the Green Room of the Athletic Club Science Service Director

on the right answers to business questions. First session was all ‘day Thursday and Friday. Tomorrow and Tuesday another group of 40 will take the fact barrage from the rapid- | fire team sent here by the National Association of Manufacturers. On the NAM team were Russell. C Ross, educator and lecturer and former public relations director of the Plomb Tool Co., Los Angeles, and William K. Reed, economist from the faculty of the School of Businéss, Pennsylvania State College. = They are here to tune up the business H-H- Hartley mind to facts they believe too long unspoken by business and industry. > Mr. Reed fired AWAY ON; it been told well enough. In Thursday on the causes of spite of shortages such as steel inflation. He told his class/2nd food, we have exported that the money, supply is up 255 heavily, maintaining the shortper cent but production is up only 76 per cent. Too many dol-

lars for still too little merchandise.

Rx?

payrolls, bond holdings and bank accounts. He put his finger on the farm {parity system. Said there could He also pointed out that the be no price-lowering surpluses in balance between manufactured farm produce so long as the govgoods and the money supply had/ernment provides a safety floor

been destroyed by the war. Usu- for prices. This puts the farmer,

ally, he pointed out, goods re-in a speculative position. He

places money and continues to nolds his products until the mar-|

circulate for some time. But ket comes back. wealth in war goods was blasted] Mr. Ross discussed the “aveto pieces, has no value, leaving nues of uncertainty” on the psyplenty of money in the hands of chology of dealing with people, Americans with little to buy. went into personnel work and He said the export story has!selling, told how to do it best.

100 Per Cent Pins . . . Charles Hall, International Harvester mechanic, gets an award from Nate Ondrik, service manager. F. R. Kemple, local truck branch manager, looks on.

Ten International Harvester Co. mechanics Trouble-Free are wearing the 100 Per Cent International service pin. The awards were made to mechanics who have served four consecutive months without having a comeback charged against them for any service operation incorrectly performed or neglected on a customer truck. : In addition to Mr, Hall (see; 5 picture above) the pins were J P. Hutton, W. H. Lull, P. A. awarded to E. E. Beaman, S. E./Sanders, R. B. Taylor and R. K. Burk, P. B. Cawley, E. T. Elliott, Watkins.

® 3 : Hoosier bankers, many of Inside Indiana Banks foo bare in jobs

handling bank customers, were told last week that there are better

jobs at the top. C. L. Tewksbury chairman of the Bank Opera-|

tions Committee of the Indiana Bankers Association, reported that the banking business in Michigan already is casting an appraising

eye down the ranks of youngerlis the Jush post-war days would employees looking for men to go on forever. llr top jobs. One banker exclaimed: “They're A recent sur- nuts, spending the way they do. vey in Michigan If a family wants anything these

he sald, revealed that there are only 40 per cent of the necessary

ed over the lack of rainy-day foresight, said he felt sure the spenders would be caught when the break-up comes, Another pin-pointed his talk

available to take over the reins of leadership in the next few years.

He urged Hoosier t ny other way than bankers-tohake 3 SY jnever Jo 20 an y the same . apye aD, Tewksbur i praisal. Mr... Te bury "Others “were “otis 23ken about

Napkined-bankers.at. tie forty- {“hard-going” under the Truman

odd tabigs <ad ‘other problems! Administrations, VP >- tno AIF. Xpress MfpHients in “and PY next Sunday.-the new Corn i

on their 1 ing down. E bonds. are being/tighter yoke around the banker's cashed. People are spending as neck.” =

Auto-School Co-op Board . . . (Standing) O. A. Chillson, George M. Hoster, Sam Abele, James E. Taylor and Paul C. Mason; (seated) Paul A. Kuhn, president; Mort Martin, Clifford J. Hart, Col. Harold D. Johnson and Thomas E. Hanika, manager. : : s nd officers of the Junior Mechanics Ta ED atic Trade Association is working out a co-operative plan of instruction with Arsenal Technical High School. The idea is to produce junior mechaiiics with assurance of good jobs with local dealers.

place to start.”

age status in the presence of big!

{to grow bigger and longer, giving,

days and can rake together & Co. snapshot contest, a part of

enough money to make -the down |, $10,000 National contest. payment, they get it.” He brood- |

on the Truman election. He ob-|Molinelli, Martinsville, and Lester served that millions of voters had | D. Fox, 3035 Elmira St.

Deni. Mie These hs “said, x. Arm fare ater from 25 to 371 AIT. Exon AL olume 55 [another try.at the crown.

nds. Savings are;go- much spending.’ he said, “with a Out" of Indianapolis were up 22' King will have been crowned. :{

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THE INDIANAPOLIS TIMES PAGE 51!

Prepare New Giant - Ready for Northwest Fir-Cutting Job Th e Ou tlook Te

Synthetic Fiber In the Nation To Rival Nylon Henry Ford Il Says Fourth Round

Of Wage Increases ‘Inevitable’ Chemical Firms Set By J. A. LIVINGSTON To Produce Orlon YOU CAN'T CALL Henry Ford II a cagey guy. Asked By WATSON DAVIS by reporters at a press conference if he expected a fourthround of wage increases, he promptly answered: “I think it's inevitable.” John 8. Bugas, Ford vice president in charge of labor relations, added: “It's in the atmosphere.” I couldn't help wondering, as I listened, if an older man—Ford’s 31*—would not have answered the question differently, less positively. Ford's reply borrowed trouble even long before he approached the collective bargaining table. The Ford contract does not expire until July 15. So Ford tipped his hand six months before he was scheduled to get into the poker game. And he put pressure on Chrysler, whose contract is reopenable after June 15—one month before Ford's. But General Motors may be able|;, 1c" 1046 through September 30 to sit this round out. It has|with the 22 per cent increase in a two-year contract running weekly wages in the 24 months

into 1950, with automatic wage from June 1046 through June adjustments based on (a)/1948, That gave a difference of changes in the cost of living and nine points (not 9 per cent). (b) an annual improvement in/Had he used the correct dates, {the standard of living of'the lag in the pay envelope would workers. have worked out to 6 points, or | Secretary of Labor Tobin alse 5 per cent. But the 9 per cent ; cy , . ih . y g contributed to the fourth-round got into the atmosphere. i has some shore : Victor Rae (left), 632 Exeter St., and Harry Carr, Zionsville, sawsmiths in E. C. Atkins & Co., atmosphere. You might say he 8 Walter Reuther, a rrontol ths One disadvantage in the new| display a recently completed saw 108 inches in diameter with removable teeth, which they completed |“smoked it up.” He told news- UAW, took to this atmosphere fiber is that it can not be dyed| several days ago. The saw is one of four to be shipped to Oregon and Washington to cut fir frees, paper men in Cincinnati thatlike a Republican to the polis. |as effectively as nylon. Orlon will = ee —— — since June 1846 average weekly From Portlapd, Ore. he declared:

‘also have use as sheets and in On The Farm— Hog Prices Hit |earnings had lagged 9. per cent “There, is nd question that the

WASHINGTON, Nov. 20—A new synthetic fiber that will rival jand surpass nylon in many uses is about to go into"production. It is named by one company “orlon” and it is made from acrylonitrile, one of the ingredients of the synthetic rubber known as Buna N. Du Pont, also proiucer of Nylon,' is understood to have a plant being designed for production of orlon, which is the mysterious fiber A that has been rumored for some time. Other chemical manufacturers, especially American Cyanamid and Rohm & Haas, produce acrylonitrile and may be expected to offer the new plastic. Superior Resistance

The new fiber is said to possess great strength and to have superior resistance to wear, heat and chemical action. Stocking, underthings and other| clothing will not be made from it, because nylon is superior for such uses, .but orlon will be used for curtains in homes, hotels and elsewhere and for industrial uses for

Mr. Livingston

FO

other solid forms. behind the cost of living. Helworkers are due for another ine

| Sumeies of orion are known to § gubhern Hoosier Fields {was speaking from memory and|crease.” Thus a fourth-round

|was tricked. wage boost seems “in the bag”

. | |testing and evaluation by manu- * ° | - | Mr. Tobin compared the 31 —like the election of Dewey. Pere facturers . and plastics users. {et un C ( E i per cent increase in the cost of haps that's good reason for reQuantity production has not yet, ie t orn ro Xcess living in the 27 months from examining the premise. | begun. | . { . ° Spurs Production Estimate Farmers fo Reap Average Drop Since Aug. 29 Lower Grocery Bills Ever since the end of tne The basic. chémical, acryloni-| Of 60 Bushels Per Planted Acre Has Been Steady ry war, labor unions have used

| trile, i ! y Fm ; | ...rises In the cost of living as arguments for wage boosts. Yet the an Je Drmathy other] By HARRY MARTIN, Ties Farm Writer. Hop Prices dropped Jo a sis cost of living may have stopped rising. The index has now regis similar chemicals. The Sber is The Hoosier corn crop is a record-breaker this year, in two Mon ow In the Indianapolis tareq 174.5 for two successive months—August and September. But |made by polymerizing the chemi- WaYs: : {Stockyards last week. the Bureau of Labor Statistics wholesale commodity price index cal, that is, treating it so that Revised figures reveal that Indians farmers will reap an aver-| Choice grades sold at $21.50 a Which Is more sensitive than the == C= cron © me ociy oo the molecules in it have a chance 38¢ Of 60 bushels of corn for every acre planted. The state's total hundred pounds in “very uneven” cost of living index, is down 4 'aD€ In ‘tOvem ! 8 pose ol production. is estimated at an aH-time high of 280,020,000 bushels. |{rade Tuesday, sliding more as per cent from its high. This is !n July. The Ford tactics, inciNot all fields produce 60-bushel yields. Other fields will make receipts rose to 9225. largely because farm prices have dentally, have changed. In the up the difference by averaging well over 100 bushels. | Hog prices have been dropping dropped, because the wholesale 12st Yound, Ford Wanted lo ap The greatest excess in yield is noted in the southern part of the g4aa4ily since Aug. 19, when they {00d index is down 10 per cent. cuss a wage cut.

[it a sctructure useful in fiber.! {| Improvements in chemical pro-

{cesses have made the acrylonitrile * is: “ 5 tate;—the least change from iG ~YIThe presumpti is that house- only question he leaves open is: Teaver in Droduce. Combined hl 4S he north, © A jcoared to a record $31.25 a hun- The PEEIRREOR I ANE HOPE How much is the raise to be? EE rh Accountant Opens ire: pounds Tis week wey tel i, S000 YUL Ter pki rai ems ror a King 5 . { . , P IB to th nt. a expected production. May 21, when a top price of $21] Even more to the poini, com expected production. ~~ | SUE cuisting eye or Offices in City May 2t when ‘top p peven more to the point, «om: Plan Conference

a diamond expert selecting fine] IL. M. Henderson of 3339 N. Upusually heavy receipts, con-/kets. Stores are resorting in- 1 ‘Named Manager gems, Indiana's top corn growers Meridian St. certified public ac-|sidered Br Bin pad creasingly to sales to shore up On Cost Reduction | . have carried on a selection proc-countant, has |a seasonal occurrence, were dollar volume, In the week ended; “A New Look at Cost ReducBy Kaiser-Frazer ess recently that may well deter-|opened his office blamed for the low price figures.|Nov. 13, department store salesition” will be the subject of a { {mine who will be named Corn|in 524 Merchants Although trade later in the|Were off 9 per cent from a year| conference by the Indianapolis J. E. Lindley has been elected King at the International Grain Bank Bldg. week brought the figures up, they #80; in the week before that|chapter of the Society for Advice president and appointed gen-/ Show next week-end in Chicago. | A resident of still remained 50 cents below fig- 8 PA* cent. This is the first time vancement of Management Dec. 8 eral manager of the Stadium| A small group of specialists in|Indianapolis 25 ures for fhe previous week. |in "48 that two consecutive drops in Lincoln Hotel. {Auto Sales, Inc., new West Side winning corn shows were select-|years, Mr. Hen- term —————————— have occurred. Some retailers| Don F. Copell, chief engineer {dealer for Kai- ing samples of long, yellow ears derson has been blame the unseasonably warm of the Wagner Baking Corp,

ser-Frazer. with straight rows of grains, well engaged in the Price Index Shows weather. All seem to feel prices Newark, N. J., editor of Modern The announce-3¥ dented, all uniform in size and|practice of pub-* el: must come down. Management, will discuss “Cost ment was made sshape. {lic accounting Slight Increase Any noticeable drop in the Reduction or Inflation” in tne

{this week by W. |A. MacDonald, Kaiser - Frazer vice president in charge of sales. | Mr. Lindley: diana affair. The title of Corn tension division here. and clothing .7 per cent. |Reuther why what was ‘“inevi-'‘ng afternoon addresses. came' from King has landed in Indiana 22 of h Louisville in % the 26 years the Chicago show {1941 and has i {has. been held.

{been in the auto business stead- 9 F- Lindley Return to Show

These men think they know the past 12 The consumers’ price index rose cost-of-living index could put evening session of the conference. what it takes to win top honors. years. 5 per cent in Indianapolis from Ford out on a limb. General Mo-| Elroy L. Sandberg, CPA, conPast records prove that they are. He is a mem- {mid-August to mid-September. [tors could, under its formula, get iroller for the Stewart-Warner correct, for the international corn ber of the facul- YF Henderson | 4ynou0h food costs dropped .3|a wage reduction. Then young Corp. division in Indianapolis,

show has become almost an In-/ty of the Indiana University ex- per cent, sundries rose 1.8 per cent Henry would havé to explain to will be among members presents

a

ily since then. MOST OF the old-time competi-| | Stadium Auto Sales, Inc, is tors will be back to exhibit this) at 16th St. and Stadium Dr. {year. Peter J. Lux, whose Shelby

{County family has five times |

‘Wi taken home the honors, bristled| ‘Winners Announced {with confidence when questioned |

In Sn |about this year's contest. “If| S apshot Contest Shelby County doesn’t win,” he|

{| Four more Indiana pho-gajq, “they'll know they've been | tographers are announced as win- some place!” 'ners of the local Sears, Roebuck, Frank Lux mow carries the ball for this family of corn men.| |Other Shelby County growers | | expected to show, include Charles | { Edward G. McCreery, 315 W. Fisher, Gibson Gray, the Cortel-|

{44th St., took top honors with a Yous and Ralph Cogmeyer.

: Last year’s king, Walter J. |picture of a little girl feeding : a duck. Others were Thomas Harpel of Montgomery County,

: is one of the judges this year {Haver, 4314 Norwaldo Ave. C./ =.= 00" 05 or the compe-

|tition. = But the king from. two {years past, Newton Halterman {of Rush County, will be back for

|

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in rein sii w+. Judging begins Friday -in’ the Shows Gaifi' “Here IR reratiaT AMPhIthoAlir- and

per cent in the first nine months HH citar of this year, H. A. Goodrich, local | Familiar Visitor | agent for Railway Express EVERY YEAR since the time! Agency, revealed yesterday. ‘of George Washington, farmers! Shipments totaling 39,955 tons have welcomed a familiar auwere dispatched from January to tumn visitor. The Old Farmer's October over scheduled airliners. Almanac, in its 157th continuous Air express traffic through Indian- Year of publication, is finding apolis gained 25.32 in September its way to -rural mail boxes lover a year ago. again, confidently predicting the |weather for every day of 1949. . | Lumping six months of weather | a Auto Tag Production {into six words, the Almanac) suggests that autumn will be] g vs Shows Steel Shortage | EE a. Fu ery and. Ant dl | The steel shortage will be re- winter “slippy, drippy, nippy.” | : i> flected in auto license tag pro- | ¥ LE {duction next year. . a . | Fifteen states will use only a Indiana C. of C. . oF {single license plate on passenger . “ ors pe American Automobile 10 Hear Schricker ! - ssociation reported vesterday. Sa | d 3 Five at Cn Del- ffov:select Henry ¥. Senticken aware, Maryland, Missouri and| Vill address Hoosier legislators, | > | Wisconsin—will issue permanent ®TCials and members of the In-, A 1S - ; type plates. |diana State Chamber of Com-| Me {merce at a luncheon during the | > PY hi : lannual meeting of the Chamber | ft corts Jess than:you tink to mod-

> 0 Lo > FIN.) Monon’s New Trackage Nov. 29 in the Athletic Club. Ro <r / 0 4 D ernize that shabby lacking kitchen or 1/4

Mr. Schricker will speak before | h A Il will bring To Be Opened Tuesda | Salbisom, A Shove ciLY ” Pp d Y [the group as part of the three-day estimator who will explain Clarke's

! Times State Service pre-legislative conference, open- (700 03 py < Vi OW AS services ond Forwish fres

| CEDAR LAKE, Nov. 20—Four|ing Nov. 28, which will review the {miles of new track on the Monon|problems confronting .the 1949 |

lion dollars, will eliminate grades Directors will be elected during 8 Install Wall Tile

Mr. Kuhn, “that there is no field, y¢ yo mech plan works, it will and curves of the old line. In us-|the business meeting held in conoffering better opportunities for be extended to other schools. The ing the new track, an old 1000- junction with the luncheon pro-

3 Install Arches—Remove Walls ‘S$ Supply Appliances

Paul A. Kuhn, association president, said the automobile trade 7 ine running between here and|General Assembly. { at : Here's What We Do— is facing an alarming shortage of and we believe the shop is the Chicago will go into use Tuesday.| New officers and 19 members of | A i . . young manpower. “We feel,” said ! The cut-off, costing half a mil-{the State Chamber Board of het P) $ Install Kitchen Cabinets °

good pay than the auto industry jqea was pioneered in Philadel- |foot long trestle over a quicksand gram. State legislators will be —— phia where Mr. Kuhn and Thomas bog will be eliminated. | guests.

{ E. Hanika, manager of the as- | sociation, inspected the system. { Conferences were held with | Tech mechanical instructors and L. M. Henderson By i Ji; Anaerson, prineipel. Paul Certified Public Accountant Themes. Irma ond Tom Bemis Say {C. Mason, director o e assoToho TN BR Te SR ciation, heads the special advisory ANNOUNCES { committee composed of service | managers and pose cal dealers. The opening of an office to engage in the general prac- | Other members are Dallas A. tice of public accounting, including federal and state . Croddy, Wendell Baker, L. E. ; tax matters at er Laston aud Vie) 524 MERCHANTS BANK BUILDING | Goodale. ! | | gs he RR Rh Indianapolis 4, Indiana. Ll ncoln 4473 | equipment is needed for training Member American Institute of Accountants | , young mechanics. . :

SNA 3 Ley Flor Coon

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