Indianapolis Times, Indianapolis, Marion County, 18 February 1938 — Page 8

THE INDIANAPOLIS

MEE Pledged to Sigma Delta Chi

SATURDAY BARGAINS SATURDAY BARGAINS @ SATURDAY BARGAINS NOTIONS [JN 5c Double Thread 0c TO 196 CANNON TOWELS | 3 GURTAIN GOODS cHoicE gE os hoe

De Bolen: SPgot cleaners 1 + : Die ; Avie

Remnan ngths . . . needle i ; : Le or | oPhy Bins. +. A chance to buy good Juality an marquisettes and fish nets.

r : i irrors . . . Rayon and cotton colonial d ED x bias tape at a low price. 20x spreads. Siagle and double am TE ks *.'. . pocket 18x36 sizes. Colored borders, BI st ona i0 are Bed size, For drapes, couches, ; . wave set combs slight’ imperfects. \ Yaar

Basement, Basement.

TONE: TN

r Clearance! BATES BEDSPREADS

NNT

5¢ & 10c Embossed CHINAWARE

De ~

¥ # CHILI BOWLS— DISHES-—PIE PLATES ERY

Factory Imperfects

SATURDAY BARGAINS

HOT SALTED

PEANUTS

wd Ve

Hot Spanish salted peanuts delivered every hour right from the kettles, °

First Floor.

LEADER'S

LEADER'S LEADER'S NTE

. etc

* Basement.

Seven recently. were pledged to the Butler University Chapter of Sigma Delta Chi, national honorary journalism fraternity. Left to right, front row, they are Robert Fattig, Angelo Angelopolous and David Thompson. Second row, James Mullane, Henry Davis, Harold Howen-

stine and Edward Cotton.

F.D.R. Price Policy

WASHINGTON, Feb. 18 (U. P.).—Following .is the text of a statement prepared at the President’s request by his price-study committee: “This Administration has from the beginning pursued a policy designed to promote full employment of our human and material resources. That continues to be our policy. our workers and our resources, if fully utilized, and provide and main-tain-national income far above any levels we have yet reached.

“An important factor that determines whether we shall succeed or be blocked in our endeavor to attain full employment and a high level of income is the behaviour of prices. In this connection careful attention must be given to: (1) The relations of the prices of various groups of commodities to each other; (2) the relations between + commodity price levels and the level 3 of debt burdens and cost; (3) the direction and rate of movement of the general price level. To further its broad objectives the Administration has, therefore, in its agricultural, industrial and monetary programs necessarily been concerned both with the relation of the prices of groups of specific commodities to each other and with the movement of the general price level. “The measures employed at any time to further -this policy must fit the needs of that time. A year ago there was ground for concern that a too rapid rise in the prices. of some commodities was encouraging a speculative boom. During the past six months, on the other hand, the general price level and industrial activity have been deglining. Government policy must be directed to reversing this deflationary trend, :

BALANCE IS SOUGHT

“This does not mean that all prices should advance, nor that the rise should be rapid. Prices of different groups of products must be brought into balanced relations to one another. Some prices and some costs "are still too high to promote that balanced relationship between prices that is necessary for sustained: recovery. Continued high prices of many of the commodities not subject to highly competitive market forces intensifies the downward pressure of all other prices. Those industries that have maintained prices and curtailed output should seek the restoration of profits through. increased rather than through restricted output. “The prices of some items are still at the highest levels reached in 1937; some are even higher than in 1929. When high prices sharply curtail sales there. is real danger. This is shown by our recent experience with housing. A year ago there was a serious shortage. We had unused productive resources ample to overcome the shortage. Yet all the major elements in housing costs advanced so sharply by the spring of 1937 as to kill a promising expansion of activity in an whose restoration is vital to continued recovery. “For industries, such as agriculture, that operate at a high level of capacity even when business activity is at low levels, the restoration of profits must come primarily through higher prices. Higher prices in such industries and increased output in other industries will, by increasing profits, encourage new investment in replacement and expansion 6f equipment. This is necessary to full recovery.

BUSINESS RECOVERY SEEN

“The average family will benefit from the business recovery which a balanced price structure will foster. Increased employment and more continuous income should much more than offset any increase in the cost of living. Recently wholesale prices have declined markedly, yet that decline has been reflected in the cost of living only to a very slight degree. A moderate rise in wholesale prices at this time should only slightly affect living costs. In-

The productive power of"

industry |;

comes of most families will increase while the cost of what the housewife buys should show little change. The average family will enjoy a higher standard of living. “It is clear that in the present situation a moderate rise in the general price level is desirable, and that this rise needa not and should not extend to all prices. The rise should take place in and must be mainly

confined to classes of commodities |.

whose prices are too low. These include most of those raw materials and finished products which are produced and sold under highly competitive conditions. Such rise must not be so sharp or continue so long as to lead to a repetition of the unhealthy speculative conditions of a year ago. That sharp rise in prices encouraged speculative .inventory buying which, combined with the decline in housing construction, laid much of the ground for the present recession. We must do everything we can to prevent this from happening again.

“Our program seeks a balanced system of prices such as will promote a balanced expansion in production. Our goal is a constantly increasing national income through increasing production and employment. This is the way to increase the real income of consumers. “This is not a policy of restriction; it is a policy of abundance. “Our agricultural, industrial, housing and monetary programs have been and will be directed toward this end.”

HUSBAND IS ACCUSED OF THROWING ACID

EVANSVILLE, Feb. 18 (U. P.).— William C. Bullock, 43, was held here today on charges of throwing acid on his wife, Lorraine, 26, severely burning her face and shoul-

der. Bullock told detectives he and his wife were estranged a year ago.

/ Nr 2 Permanent 5 Sar

Be W lete ut, Shampoo, Wave. All for only

Hair Tinting, $1.25 Up. We Specialize in—Nor- H mal Hair, White Hair, Bleached Hair, Oily 2 for $1.75 Hair, Dry Hair, Children’s Hair. NO APPOINTMENT NECESSARY Mae Murray. Shirley

$2 $3 Permanentis| Permanents' _ Temple Permanents

2 for $3.01| 2 for $5.01 'g; Complete

Bring the Children. Spiral or Croquignole BEAUTY

OY A L%.

401 Roosevelt Bldg.

Cor. Ill. and Wash.

Feather Your Nest ~ Witha Little Down

* $5.00 Down Delivers3 $100.00 worth of furniture from Our Store.

PPP PPP PSI PIPPI

South Side Furniture Co. 932 S. Meridian St.

SS SSSSSSSSSS

PRA RARE EE CATA YR GIG AG SSCP GO PGR GR

Announcement

\J \ = JEWELERS SINCE 1

: r

JUST UNPACKED FOR SATURDAY'S SELLING

Knee-Hj, Thigh-pg; Chiffon ear ang’liks that i it 2. The eRulars j i All “sizes and" Caped. First Floor, :

Women's Fabric GLOVES

learance Price

Fast Color Broadclotp,

3 9 vat dyed ang guar-

anteed in sti color

el est . 1 ncluding violet

Contrasti®®

Colors glue ipper cny (ced

2 @ Rose nan! Ww oe S ne eon A gOrEeC exciUnel pring °° ghat BUY w

Basement.

STORE OPEN * TIL 9 P. M. SATURDAY

240 FASHION PLATE DRESSES

them. :

[.L |]. MISSES’ SIZES, 12 TO 20 REGULAR SIZES, 38 TO 44

LARGE SIZES, 46 TO 52 HALF SIZES, 181 TO 241,

‘MEN'S DRESS

OXFORDS

$1.98 to $2.98 Values

Sizes 6 to 11 Black and Brown Leathers . . . Cuban and Low Heels . . . Narrow or Wide Toe Styles. Leather and Composition Soles in the group.

‘BOYS’ & GIRLS’

81; to 2

Footwear Patent and Gun Melal Oxfords Patent Straps

Save! OnShoesfor theEn tire Family! Women's NOVELTY

FOOTWEAR

All Sizes in the Lot

KID LEATHERS & PATENTS Black, Brown, Blue ° Many Samples Included

De="d Je

A regular $1 seller and a shoe with plenty of service built into it.

Child's HIGH SHOES

ers, smoke, tang and black. $1 value. Qs

SHOES FOR THE FAMILY—FIRST FLOOR

Men! What a Chance to Save! High Quality Wool

MEN'S DRESS PANTS

New Spring Patterns :

SUITS

Reduced for Clearance

MER

Single, Double ‘Breasted Sports and Plain Backs

Year ‘round suits in a good selection of medium and dark patterns, also a few new spring suits included in the lot. Nifty styles for the young man and conservative styles for the older man will be found at this low price. Remember: ‘First Pick, Best Pick. Sizes 34 to 46. First Floor. ‘ ;

Special Cash Purchase

“GLOVER'S” 4%

‘SWEATERS § sg29 |

Zipper & Button Styles It isn’t often we: have an op-

+ Youths Slzes 22, 23

Seconq Floor,

When. T. hey’re New

PRIEES

SPRING COATS

Toppers vio s.'Th Quarters , a Fall Length Coats . Man Tailoreq :

ressy,.. Trimmed Suits a .

Be your choi oice Spring, a Coat or a Gil you will find our show.’ ing representative of on’s dictates as to

... COLOR... .

everybody a

Priced to fj get.

Second Floor

Separate Waistbang Z

Adjustable Sides) Wide Bottoms) Sizes 12 10 15

portunity to pass a saving ‘Hl such as this along to you. i These sweaters sold regularly at $2 and $3. Pastels . . . medium and dark colors in plain and plaids. Sizes 34 to 46.

Ta i C

! 132 Monument CIRCLE...2 Doors fram English Theatre, East

NouwUNDER NEW MANAGEMENT

) / 3 / .._ We Carry All Nationally { { Advertised Watches \

i Elgin, Hamilton, Bulova, Gruen A ~ and a Complete Selection of Fine ll Diamonds and Platinum Jewelry! ALL SOLD ON EASY CREDIT TERMS ~ — No Interest — No Carrying Charges!

An array of choice patterns in hard finish worsted fabrics, in plain % ] 98 colors, herringbones, blue, brown and green plaids and pin stripes. Some pleated styles. Sizes 29 to 50.

Other New Arrivals in Wodl Mixtures. . .$2.98

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