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Davis Charts 8-Point
Labor-Management Postwar Policy By the Associated Press. DETROIT, Mar. 13.—Asserting that he favored a minimum of gov ernmental interference in the prob lems of labor relations. Chairman Davis of the War Labor Board said today that he believed management and labor advantageously could be gin now a careful study of the scope of collective bargaining in its non wage aspects. Addressing a meeting of the Eco nomic Club of Detroit, he said: “There is no doubt in my mind that one of the greatest impedi ments to collective bargaining be tween management and workers is fear in the minds and hearts of both sides." Eight Suggestions Made. Mr. Davis offered eight general suggestions to help “speed victory in the war at the same time build up sound industrial relations for the postwar period.” He summarized them as follows: “1. Live up to your contracts and make them work "2. Install arbitration as the final stage in your contract s grievance procedure. “3. If you already have grievance machinery, be sure you utilize it in all disputes. “4. If your contract is about to terminate, extend it until you have negotiated a new one or until the regional board has rendered its de cision. "5. Employers should not cause dissension in their plants by chal lenging the right of a duly certified union to represent their employes in collective bargaining. Leave itaias lo ivavy. “6. The same holds for unions and their raiding tactics, of course. • * * Let's leave the raiding to the Navy’s task forces, which seem to be quite expert at it. "7. When negotiating new con tracts, or revising old contracts, make a sincere effort to negotiate a settlement. "8. Above all, employers should impress upon their foremen, super intendents and other supervisors that you don’t build tanks or guns or anything else by fomenting quarrels with your employes; that the way to get better labor rela tions is to treat the employes like human beings. And, of course, that goes for the employes side. too. • • • Labor leaders must not play politics by manufacturing grievances in the plants.” “With a few noisy exceptions, leaders of industry and labor during the war have settled their differ ences at the conference table or through the WLB. * • * Let us hope they will substitute the conference table for the picket line or lockout after the war,” Mr. Davis con cluded. Gar Wood Industries Earnings Up Sharply By the Associate-! Pres*. NEW YORK. Mar. 13 —Gar Wood Industries, Inc., shows net profit for the quarter ended January 31 of $284,582, or 28 cents on each of 1, 000.000 common shares, against $195,984 in the comparable 1943 period, equal to 22 cents on each of 800.000 common shares then out standing. Chicago Livestock CHICAGO. Mar. 13 i/p, < WFA'.—Salable hogs. 18.0011; total, 2H.O00; opened fairly active, later trade rather slow: S to 15 higher than Friday, sows strong: good and choice 100-350 pounds, 14.00-14.15; ton. 14.20: good and choice 160-100 pounds. 13.25-14.10: good and choice 300-550-pound sows. 13.50-75. complete clearance. Salable cattle. 16.000: salable calves, soo: all yearlings, including yearling heif ers. steady, moderately active, but ma tured steers barely steady to 15 lower; largely steer run; killing quality medium to good. bulk. 14.00-16.25; top 17.00 paid for 1,268-pound averages: next highest price. 16.90; little above 16.50, however: Eastern demand narrower: heifers steadv to weak, mostly weak; bulk, 13.00-15.75; best around 16.00; cows and bulls very scarce, both closses steady to easy; seal ers steady at 15.00 down; practical lop weighty sausage bulls. 11.50; standouts, 11.75: heavy sausage bulls in broadest demand at 11.75-12.50: cutter cows. 8.25 down, strong weights. 8.50. Salable sheep. 7.000. total. 9.500: lambs opening slow, scattered early sales weak to 15 lower: tw-o loads good and choice, mostly good grade, fed wooled Western lambs. 16.10; load good 87-pound weights. 16.00; no uniformly good and choice Western fed lambs sold early, held about steady or up to 16.40: package mediu mnative lambs. 14.50 with cull light weights sorted out, 10.00; deck good and choice fall shorn lambs. 15.50; sheep steady, sort load medium-grade yearling ewes to killers, 12.50. Dividends Announced NEW YORK. Mar. 13 OP).—Dividends de :lared. Regulars. Pe- stock of Pay .. , Rate riod record, able. Art Metal Const 50c 3-23 4-1 Cent Aautrre Assoc.. 37Vic _ . 3-31 4-15 Reynolds Metals o'A'V , cv pf - $1.371-2 . . 3-21 4-1 3 S Foil A_ 30c 3-21 4-1 3 S Foil B _ 30c _ 3-21 4-1 0'S Foil pf SI.75_. 3-21 4-1 Irregular. Cacl-de Steel - 25c 3-20 3-31 Reynolds Metals 50c 3-21 4-1 Carney Hits Removal Resolution as Garrett Plan to Get Judgeship By the Associated Press. NORFOLK. Va.. Mar. 13—Judge A. B. Carney of Norfolk County Circuit Court yesterday stated that the House of Delegates' resolution looking toward his retirement or removal from office was the out growth of an “outrageous political attack instigated and engineered by Mr. James N. Garrett, who is seeking to depose me in order that he may succeed me to the judge ship.” Delegate James N. Garrett was author of the resolution creating a three-man committee to investi gate moral conditions and law en forcement in the county, on whose voluminous report the lower branch of the General Assembly Saturday accepted a recommendation that Judge Carney be retired by the Supreme Court of Appeals or, if thus be impossible, that Gov. Dar den call a special session of the Legislature for his impeachment or removal by resolution. "The committee has not yet struck terror to my heart,” Judge Carney said in a statement in reply to the committee's 11-point summary of what it termed his “derelictions” in office. "My heart is pure and my hands are clean,” he continued. “I have done nothing of which I am ashamed or should be ashamed." Also held responsible by the com mittee for law enforcement, con demned as "ineffective, insufficient and almost completely lacking in a large part of Norfolk County,” were Sheriff A. A. Wendel, his deputies Frank Wilson and Wilbur Fentress, and all of the county police officers except seven. Sheriff Wendel, who last week denied that he was about to re sign, offered no answer to the com mittee. Money Market NEW YORK. Mar. 13 i/P).—Call money, steady. 1 per cent prime commercial pa Dnr'rt.v.p1ri/<ie5tk Tlme, loans, steady: fill ho days. I1/*. 4-5 mos, lVi per cent- bank ers acceptances, unchanged: 60-00 days. k il*nP^,h!ntk 4 .months, per cent; jpontns, 8/*-i\ per cent. Rediscount rate New York Reserve Bank, fa) >/a-l per i cent, (a) Va per cent on Treasury paper of ! one year or shorter; longer maturities, 1 per cent. Steel Quotations N^^r.,.YORK' ,Mar- 13 (/Pi.—Steel prices P" l°r' pounds, f o b. .Pittsburgh: Hot rolled Sheets, base price. :MU: galvanized sheets, 3.50: steel bars, 2.15. Washington Exchange t SALES. Washington Gas $5.00 preferred—20 at 107’, Garflnckel common-—50 at 17. Garflnckel 5V . preferred—s at 26V. AFTER CALL. Garflnckel common—loo at 17: 100 at 17: 20 at 17. Washington Gas common—50 at 22V 6 at 22V. BONDS. PUBLIC UTILITY Bid. Asked Am T A- T tv deb 3s 1956 .117 118 Anacostia A: Pot 5s 1949 _ ldHV 108V Ana A Pot guar 5s 1949 . Ill Ana A Pot mod 3Vs 1951 106Y* _ Capital Traction 1st 5s 1947 106 _ City As Suburban 6s 1948 1061/* _' City As Sub mod 3Vs 1951 106 Georgetown Gas 1st 6s 1961 122 _ Pot Elec Pow 3Vs I960 108V Pot Elec Pow 3Vs 1977 . _ 109 _ Washington Gas 5s 1900 128 Wash Rwy A Elec 4s 1951 ]cmv Ter Rf & W Cp 1st 4Vs 1948 103V _I STOCKS. PUBLIC UTILITY Bid Asked Amer Tel A Tel |9) *157V Capital Transit (2.001_ 30 30V N A W Steamboat (t4)_155 _ _ Pot Elec Pow 0pfd (Hi 115 Pot Elec pw 5V; pf (5.50) 113 115 Wash Gas Lt com (1.50) 22V 23V Was Gs Lt cu cv pf (4.50) 104V Wash Gas Lt cu pfd (500) 107V 108V Wash Ry A FI com i»0.00) 575 _ _ Wash Ry & Elec pf (5)_118 _ BANK AND TRUST COMPANIES Amer Sec A Tr Co (e8>.„_ 225 235 Bank of Berhesda it.75)._ 30 _ Capital (+ 6) 170 _ Com A Savings tylO.OO). 345 _ Liberty 'to) .185 _ Lincoln 0)5) 24(1 Nat Sav A Tr (7400)___ 205 _ Pr Georges Bk A Tr <71.001 23 _ Riggs (10) 340 Washington (6) 108 _ Wash Loan A Trust (e8> 240 _ FIRE AND TITLE INSURANCE. American 't6) ...._ 130 _ Firemen s (1.40) 32 _ National Union (.75)_ 13 ._ Columoia ik.10) . _ 1 1 13 Real Estate (6) 150 _ MISCELLANEOUS. Carpel Corp <2.0o> 25 Garflnrkel com (.80) lli’a 17V Garfinck SVG cu p." <1 375) '10’, 27 Lanston Monotype (2.00) 39 Mergen'hRhr Lino ipS.om *51V 64 Natl Mtge A Inv flfd (.35) 5V _ Peop Drug com new (pi .25) *2.3 _ Real Est MAG pf (7.50) 8 Security Storage (+4i 68 75 Ter Ref A- Wh Corp i3> 50 Wdwd A Loth com (p2.30) 44% 46 Wdwd A Loth pfd (7 > .. 122 _ •Ex dividend. +Plus extras, a Paid so far this vear. e 2V extra, h $5.00 extra klOc extra. p Paid In 1943. y $10.00 extra. Washington Produce From the War Food Administration. Prices paid net f.o.b. Washington. EGGS—Maiket steady. Prices paid for Fcderal-8tate graded eggs received from grading stations (March 13): Whites. U. S. grade A. large, 37-38: average, 37: U S. grade A. medium. 30-32; average. 31 !/i: U. 8. grade B. large 34. Browns, U. S. grade A. large, 37-38: average. 37: U. S. grade A. medium. 30-32; average. 31 Mi; U. S. grade B. large, 33-34; average, 34; U. 8. grade C. 27-31: average, 29. Current receipts, nearby ungraded eggs, whites and mixed colors, 30-31. Receipts. Government graded eggs, 625 cases (two davsi. LIVE POULTRY—Market firm. Re ceipts and sales of insufficient volume to determine prices. Chicago Produce CHICAGO, Mar. 13 OP).—Poultry, live, Arm: no cars, five trucks. Hens, 24; Leg horn hens, 24: colored, broilers, fryers, springs. 27 Mi: Rocks, broilers, fryers, springs, 27t4; roosters. 20; ducks. 25: young turkeys, 32Mi to 35; old turkeys, 30Mi to ,33; geese. 25. Civilian Steel Hopes Reported Fading More Each Week By the Associated Press. CLEVELAND, Mar. 13.—The Mag azine Steel observed today an in creased volume of steel for civilian goods ‘‘seems more remote each week.” "Backlogs of orders are accumu lating in most major steel products," the magazine said, "and while in some cases they are not increasing as rapidly as a short time ago, in others they have taken a spurt. ‘‘Within the past fortnight hot and cold rolled sheet backlogs have increased appreciably and better ac tivity is noted in narrow strip.” Steel said that despite cuts in small arms contracts and in ma chine tool requirements, bar de liveries have increased. "Sheet-makers for the most part,” it continued, "are booked into late third quarter, with little opportunity to obtain August delivery promises. Plates are quoted generally for late August and September, though uni versal plates can be had in June.” Steel production operations gained one point to 98>/2 per cent of theo retical capacity last week, the maga zine said. $1.52 a Share Earned By Savage Arms Corp. By the Associated Press. NEW YORK, Mar. 13.—Savage Arms Corp., reports for 1943 net profit of $1,019,182, equal to $1.52 a capital share, against $1,641,967, after renegotiation settlement, or $2.45 a share, In 1942. “IT’S 30 MILES TO THE AIRCRAFT PLANT “Sure glad I’ve got a FORD!” “WE BUILD FIGHTER PLANES. And my 1931 Ford is do ing a grand job in the car pool that gets me and my friends to work. Each week crowds on the mileage. But the old bus seems to thrive on it. She’s running like a clock. Repairs have been few and far between and have cost me practically nothing.” "STATE GUARD RESERVE TRAINING AND GARDENING also keep our 13-year-old car on the go when I get away from the plant. Mrs. Breed and 1 depend on our Ford to haul vegetables from our acre-and-a-half garden. The savings on gas and tires and upkeep make me mighty glad I picked a Ford!” says F. NELSON BREED, Architect, Aircraft Plant Executive, Ridgefield, Connecticut • The very qualities which made Ford cars the peacetime choice of millions are now serving the vital transportation needs of the nation at war. Millions of owners know how faithfully Ford cars stand up thousands and thou sands of miles, year in and year out, with minimum repairs. And it is characteristic of Ford cars to make the most of every thimbleful of ^as. Right across the country, Ford owners are learning that these fine cars live up to every promise ever made for them. And helping to keep them in tip-top condition is the Ford Protective Service. Your friendly Ford dealer is equipped and trained to make repairs as quickly and reasonably as possible. Visit him regularly once a month for a check-up. FORD MOTOR COMPANY 30,000,000 CARS AMD TRUCICS HATE BEEN BUILT BY FORD New York Bank Stocks NEW YORK. Mur. 13 OJV—National As soc : a! !rr. Securities Dealers, Ir.c. Bid. Asked. Bk ot Am NTS (SF) (2.10) 47', .Art Bank of Man i.Soa) ■>■’', " li; Bank of N Y <14 > _ 395 407 Bankers Tr < 1.40) 49'. Ai'i Bklyn Tr <41 - Jo,* flit? Cen Han Bk A Tr <4>_ 991, 103's Chase Na* <1 40' _ 38'« 4<H, Chrm Bk * Tr < 1 80) _ 49', 513. Commercial (1.00) _ _ 4«i. 443, Cont Bk A Tr (.80) "(1 "Ui Cont 111 Chi (41 *" 9-’ 95 Corn Ex Bk Ac Tr (2.40)4tP« 4»3. Empire Tr '31 _3_ 741, 791? First Nat (Bos) (2) 493. 5(13. Fst n chi (8) 224 ""9 Fst N N Y (80) 1H00 184(1 Guaranty Tr 112)_ .loo 314 Irvin* Tr ( SO) ___ 141. 131. Kings County (80)_ _ 1500 Uwyers Trust (1) _ 3ti>j ' .79', Manufacturers Tr <2> 48 5n'I Manufacturers Tr pf <3>_5153', Natl City (l) 34s >«s, n y Trust ,3'i) «S>5 Public (11,) 3«', 30', Title G A T I!- H * ' «3* United States (00a) 1445 149,, a Also extra or extras. Pet Milk Co. earned $1,246,158 or $2.54 a share in 1943, compared with $1,452,411 or $3.08 in 1942. FIRST TRUST FUNDS AVAILABLE WE INVITE YOUR INQUIRY THOS J. FISHER & CO., INC. 738 15th St. Dl. 6830 MORTGAGE LOANS Favorable Rate FIRST DEED OF TRUST ONLY GEORGE I. BORGER M3 Indiana At«. N.W. Nat’l 0350 1 So Easy to Own—With an I “AMERICAN” Loan —as easy as paying rent . . .* for If one moderate monthly payment ffj covers all costs on American If] Building Association. I - Tieal &fa6sJpmi I Loans made on improved or to f ||l be improved properties in the | jjj District of Columbia and nearby If jli Maryland and Virginia. No lj lj! costly renewals, no commissions. II Prompt, fair appraisals. Current Interest rates. 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