Indianapolis Times, Indianapolis, Marion County, 13 October 1944 — Page 35
\> 10 Bt OL THINK
DAY, O . 8 Success of Bretton Woods ye Plan to Depend on World
eam v + . Ld -. Trade Policy, Bulletin Says | NEW YORK, Oct. 13 (U. P).—The success of the agreements | reached at the Bretton Woods monetary conference will depend on | the international trade policies adhered to by .the signatory nations, 8 bulletin issued by the Institute of International Finance at New
- York university asserted today. : : “If these policies should be liberal and Tead to sh increased ex-
| change of goods and services among | the countries of the world, the ine | ternational monetary fund andl the international bank of reconstrie~ | tion and development will Have & . chance of achieving their aims” i according to the buyllétin made . public by Dean John T. Madden of the institute. “If, on the other hand, the nathe leading
1 1 succeed, the agreement | De ‘will ‘Rave to be implemented by!
others dealing with tariffs, export | bounties, intergovernmental debts, . blosked accounts, and protection of | foreigh investments. . | 2, Both institutions must be ' considered ofily ‘as a means to i Bn end, They cannot operate with
| fiscal and credit policy resulting in - continuous budgetary deficits and inflationary price movements 8 bound to cause financial chaps, 4. The effective functioning of | both institutions will depend to & . Jarge extent on the type of man- | agement. If the boards of executive directors are made up of men | experienced in international trade and finance and conduct their operations on sound business prin. | ciples, the chances of success will | be much better than if they con"gist of politicians or theoreticians. The institute paid tribute to the | work done by the many delegates | of united and association nations at Bretton Woods and said “it is remarkable indeed that, in view of the conflicting interests and ideas, an agreement has been reached.”
LOCAL ISSUES Te v7 ma Agents Pin soe» T%
Corp Agents Pin Corp pl Sanus Belt R Stk Yds com 1%
“| fixed retail prices and advanced . raw . material costs, the tobacco
| ‘Rose Gear & Tool com Bo'Ind G & E 43% E 4 Bros br
.-iday at Purdue university, State {lumber and veneer producers and
%s 85 . f Ind 3s TW
LOCAL PRODUCE ii breed hens, 33. Leghorn hens and roaster, undep §
Broflers, fryers Ibs, white and barred rocks, 25¢; ored springers, 33c; leghorn springers, Old roosters Je.
:
Wolf Sussman, Inc. |
oe
of a combination of smokers and;
;ibacco and cigaret manufacturers
=~ STATE LUMBERMEN
“{ference of the Indiana Hardware
U. S. PRECLUSIVE
CENT A PACK RISE ON CIGARETS FAVORED
NEW YORK, Oct. 13 (U. P)— More than 80 per cent of cigarette
"Rise Seen in Indiana Farm Real Estate Prices
. os WY Tay Py yr ’ rr nox J Fa | FY PRICE. OF INDIANA
FARM PRODUCTS . (1910142100)
PRICE OF INDIANA FARM REAL ESTATE (1912-14 = 100)
2 4 a. 1 haba 2A 2 4 AA A _ JA aA _4 2a
RECEIVED HERE
Hog Prices Are Unchanged; Top Remains at $14.80.
The hog market was steady at the Indianapolis stockyards today with the top at $1480 on 120-to-240-pound good to choice hogs, according to the war food administration. There were 7000 hogs received, 500 cattle, 500 calves and 1500 sheep, a
GOOD TO CHOICE HOGS (37000)
220- 240 pounds ..... 240- 270 pounds ... 270- 300 pounds .. 300- 330 pounds .. 330- 360 pounds .. A 4 a 4 2 aa a a
1910 98 1920 1928 1930 “1944 ESTIMATED
the first world war,
Indiana farm real estate is selling at the highest since 1923, as the dotted ling shows, and probably will continue its rise for a time after the European war ends, Purdue economists believe. From 60% to 70% “of the buyers are farmers. Buyers should be cautious about going in debt for land purchases, they warn, since 8 drop in farm Income might bring a repetition of the foreclosures that followed the land boom of
Medium 160- 200 pounds ..... essssee
Packing Sows Good to Cholce— 270+ 300 pounds ... 300- 330 pounds ... 330- 360 pounds 360- 400 pounds
13.50014.80
1935 1940 1948
«ss 14.00 . 14.00 14.00 14.009
14.05 14.05 . 14.05 eersssenssnes 14.05 Good 400- 450 pounds 450- 650 pounds Medium
sesessss ventas
sevsansessces [email protected]
12.50Q13.75
Government Monopoly of Airlines Fought in Britain
By EDWARD P, MORGAN Times Foreign Correspondent | LONDON, Occt. 13. —Britain is trying to make up for lost time in the! rapidly unfolding field of civil aviation and will send a delegation to the} international air conference in Chicago on Nov. 1, pledged to meet the formidable challenge of American competition in the post-war sky routes | of the world. ! There is a vigorous battle in a |
8 gévernment monopoly—as ee to paves entervece or ON * CHICAGO MARKET to private en for | exploitation. 3 A . is a huge and complicated CHICAGO, Oct. 13 (U. P)~| controversy which will take months, | Grain futures slumped on the board | not weeks, to settle. This meansiof trade today after a mixed open- | that the British delegation in Chi-|,0 yacy of incentive contributed cago will be without a clear-cut policy except on two points: to the dull post-holiday trend. 1. Insistence that some inter-|! At 11 £ m. wheat was off 1 to 7 national authorify be created to ex-|cent a bushel; corn off % to %; |
. | ercise a certain measure of controlioats off 5 to i; rye off to %,
smokers favor a one cent a package increase in their favorite brands to! help keep the smaller manufacturer in business and to avert a growing | shortage on retailers’ shelves, the Smaller Tobacco Manufacturers!
A poll made by the Psychological | Corp., the report added, revealed | that 56.4 per cent of men and 43.6 per cent of women smokers favored the increase. About 70 per cent!
Interviewers in conducting the poll introduced their questions with
{a brief statement that leaf to- |
bacco prices have more than)
“| doubled while ceiling prices have!
remained at depression levels. The widening spread between!
manufacturers group said, “has forced at least seven smaller to-
out of business thus far."
CONVENE AT PURDUE
Times Special LAFAYETTE, Oct. 13.—A con-
Lumbermen's association opened to-
distributors examined the uni-
HANGERS (c EACH We Buy Usable Wire Garment Hangers at 10c per bundle of
HETYIER Because We Save Suits & Overcoats
217° “24” | OTHES Open 9 to 3
VIS
LADIES’
mouse SLIPPERS $129
KINNEY'S
138 E. WASHINGTON ST.
WHILE THE REST OF THE TOWN SLEEPS . HAAG'S . ALL-NIGHT DRUG STORE
{will reverse the above streets. | Gearing
over air competition between Ra. | ana barley unchanged to up %. tions. | 2. Determination to get the ! British aviation industry going on STATE MILK OUTPUT i the perfection and production of DROPS 3% FROM 43 new transport airplanes which Britain wants to be not “just as|{ LAFAYETTE, Ind, Oct. 13 (U. good” as anything the U. 8. can p) Milk production per cow in turn out, but better. Indiana was 3 per cent lower Aug. Compromise Predicted 1 than on the same date a year As to the London controversy, it!earlier, Extension Dairyman E. A. will probably result in an eventual Gannon of Purdue university said compromise, with the government today, retaining a large degree of control| Gannon blamed the reduction over Britain's civil air routes—both partly on the fact that the lowest
national and international—but With percentage of cows was milked since!’
several—possibly four or five—Dbig! 1926, put he added that poor pasture private airlines being organized 0 conditions were largely responsible. challenge competition in the international field. There was & long debate in the N. Y. S bh House of Lords yesterday on the . . toc Ss whole - question of civil aviation, Net which more than’ once produced], igh 1ow lak Change biting criticism of the government's Am . : + 5% “backwardness,” and Lord London-|4™ : x 3 “1 derry, out-time secretary of state Am 183%; b % for air, remarked angrily that it was|3™ Bh o almost like “committing a crime” to! Anaconds .... suggest that the policy of private, ATnour & Ce. enterprise in aviation. Atl Refining .. He observed that the government Bag Loco et. is advocating elaborate and expen-|Bord pi i ty Borg sive schemes for social security and Caterpiliar T.. added, “I am quite certain that un-|Ches & Ohio.. less we take our place in the air—|STTEsWE oe and the foremost place in the air—{Du Pont ...... we shall find that all these schemes|3¢h Fectric.. are not worth the paper they are | Goodrich » FORT “ui. written on. . Greyhound cp ———— t y Pi Copyright. 1944, by The Indianapolis Times ai Ta and The Chicago Daily News, Inc, Kennecott .... eset Kroger G & B 36 L-O-F Glass .. 58 ® |Lockheed Arcft, 32% MARS HILL BUSSES |=: i a Martin (Glenn). 20% . {| Nash-Kely ..... 183 10 SWITCH ROUTES Nat Biscuit ... 23%; Nat Distillers ., 35's iN Y Central ... ag { Oliver Farm Eq. Officials of Indianapolis Railways Packard .. have announced that effective Sun-| Cah Am Alr ... day, all busses on the Mars Hill and | penn RR ...... Kerr road lines will resume their | Ser & 6 “x regular route over Tibbs ave. and| pullman Minnesota st. [ure A epul Caen Several months ago service Was; Reva Tb 3 “ee
temporarily routed off of Minnesota | Socony-Vacuim = Sue to the Spas bie condition, SG branas 30 yemen! t ive The oe route is as follows: | 3% Sh ana)’ Prom Monument Circle over the 20th Cent Pox. present route to Morris and Tibbs, |u 8 seer. south on Tibbs to Minesota, west Warner Epos .. on Minnesota to Holt road, south !york Corp oer 3 the present destinations of the Zenith Rad ... 41%
to 41% two lines. Returning, all busses! INDIANAPOLIS CLEARING HOUSE
FR ——
EVERYONE Can Enjoy NEW DENTAL PLATES
Immediately! AS YOU ARE PAID
UDA PTY, 7 N
ALY CASH
a A Required
Lane tr avn once vi GRAIN PRICES SLUMP.
.. Mon Wed, Fri, 12:45 to 130
YOUR WORD 1s Goon! NRNSSRSSS AT v) Room 301--3rd Fleer
% s
and Meridian 18 OPEN
Slaughter Pigs | Medium to choice— 90- 120 pounds
CATTLE (500) Steers
Choice—
700- 900 pounds 900-1000 pounds ..
‘HELICOPTER T00 MUCH FOR GRANDMA’ 1300-1500 pounds _....
WASHINGTON, Oct. 13 (U. P.). Good —Helicopters of the future will be 50 designed that they can be driven along the road like a car “when you don't want to fly,” according to Grover Loening, chairman of thé helicopter subcommittee of the national advisory committee for aeronautics, Too many people believe they can float through the air “with the greatest of ease” in a helicopter, he said, whereas present types are actually far more complicated to fly than are airplanes. - M The difficulty of helicopter navi- | Cutter and common gation, he said, “will limit grandma .
[email protected] . [email protected] . [email protected]
1100-1300 pounds 1300-1500 pounds Medium \ 700-1100 pounds 1100-1300 pounds .
Common. 700-1100 pounds ......... teen
Chotce— 600- 800 pounds 800-1000 pounds ......e0cee.. Good—
600- 800
15.25@16. 15.50
Canner
and the tired businessman from |Beet— Bulls cu} velgut) fiying them to anything like the |g Goce, (a! weights) .. extent pictured in so many glowing advertisements.” A jet-driven helicopter, he said, is now being worked on in secret Vealers (all weights) and might have advantages over| ooo. Choice
resent types. Cullis ,....... .. bo present \ Feeder and Stoeker Cattle and Calves teers
Goad ............... . Medittin ......c.x.. 0h Cutter and common . CALVES (500)
. 17
WAGE EARNERS’ COST BE sous... nissan
OF LIVING DROPS 0.1% 5m sous ....
| nna I; NEW YORK, Oct. 13 (U.P.) ~The Medium— national industrial conference board Ca) pounds reported today that living costs of | 00 %00 pounds... wage earners and lower-salaried Good and Choice— clerical workers, for September ee AWD» decreased 0.1 per cent from August,| 500 pounds down ... reflecting a slight decline in food Good and Ch eile) costs. { 800 pounds dovn
Medium— Clothing and sundries advanced 5% pounds down LAMBS (10a 83 per sent in cost, but food dipped | to engre E™® (ahorn) tr vermin momma on | Sn Shai pared with a year ago, living costs: Good and choice
in September were up 18 per cant. coum and good
11.715@
DOESN'T IT ?*
It is—when you know how. But serving patrons aboard a speeding diner and preparing meals in the compact galley are arts not mastered in a day or month. Before the war, our stewards, cooks and waiters were veterans, skilled hands at their highly specialized jobs. Then came the draft, the manpower and equipment shortage, food rationing. And wartime travel quadrupled the demand for meals. But our remaining veterans made no excuses. Instead, they poured their energy and ingenuity into their jobs...trained new
w
7000 PORKERS |
WLB Penalizes 2 Detroit Firms |
DETROIT, Oct. 13 (U: P)~ Penalties totaling $40,000 against two Detroit companies for payment of excess wages in violation of the wage stabilization act were recommended today by the regional war labor board. " The bureau of internal revenue
MICHIGAN
WINING OF
State-Owned Land Leased For Exploration of
[email protected] | Of age will react to the tupercuin{ {(] AD h CENT RADIO 14.50@ 18.75 | test | J
- 11.25@1450/A A Johnson, U. S. department of [email protected] | agriculture, Frank Conway, State
. [email protected] ment, and Harry Ainsworth, state of about 5 cents under a proposal
| : i i sub - 105001400 leader of vocational agriculture Submitted to the federal communi
[email protected] [email protected] 6.259 8.50 4.75@ 6.25 [email protected]
[email protected] 850 years in the automobile business
2.009 14.50 manager and pur6.00@ 8.50
sees 10 117 DeSoto dealers, at
verses [email protected]%]
ceeeens ILISQIII Li 1 po WL
[email protected]% [email protected]
[email protected] [email protected] [email protected]
Minerals.
LANSING, Mich., Oct. 13 (U. Pi The state conservation commission ° has approved the precedent-setting 3 lease of iron ore mining rights on 11,246 acres of upper peninsula state land in a move designed to encourage mineral exploration. Lease of the entire 11,248 acres was bid in at auction Sept. 28 by the Sunday Lake Iron Co. of Cleveland, O. Approval of the state administrative board and attorney general's department is necessary before the lease becomes operative, Decision to try lease of state lands
was alsked to disallow $25,000 in wages as a deductible item of income tax for 1943 for the Van Tuyl Engineering Corp, which was: found guilty of paying $2 per day over the ceiling to engineering loftsmen at Bridgeport, Conn., and" $15,000 penalty was asked against the Ensign Painting Co. The WLB. charged that the Exsign company’s payment of $1.50 to $160 per hour to win-
dow cleaners was unlawful. for mineral exploration follows the
STATE COMMITTEE commission's successful policy of {leasing oil and gas rights in wildON POULTRY NAMED =: areas, leaders explained,
The ‘iron ore lease plan, subject to royalties, provides that the Sunday Lake Iron Co. must expend not
less than $30,000 in exploration
Times Special
LAFAYETTE, Oct. 13—The organization of a state committee to
14.00014.03 | ENcourage the use of all-pullet flocks | prior to Jan. 1, 1946, and $20,000 per 4
as a means of eradicating tubercu-|year for each succeeding year until losis in poultry was annéunced here | Jan. Y, 1950. After that date, the today. {state wil lcollect a $1500 minimum One of the most effective: means royalty from each 40 acre section of eliminating tuberculosis from the | retained by the company. In addipoultry flock, advises J. W, Sicer, | tion, the company will pay the Purdue university extension poul-|state 10 cents per acre rental during tryman and committee chairman, is the exploration period. Length of
+o. [email protected]|the sale of all old hens before the the lease is 50 years.
pullets are housed, as only a small | per cent of chickens under -a year
Other committee members are Dr. SERVICE PROPOSED
| Poultry association, and Dr. H. F.| WASHINGTON, Oct. 13 (U. P.), Emick, state livestock sanitary — Radio programs, uninterrupted
1838 board, all of Indianapolis; Dr. L. P.| by advertising, would be available
Doyle, Purdue veterinary depart-|to the public at a small daily fee
cations commission. “Subscription radio,” according to Joseph L. Weiner, counsel for the Muzak Corp., New York, is an ure
Ross Stevens gently needed new system of broad-
. casting which would make available Joins Jones Co. to listeners continuous programs of their ‘own choice “free of advertising.” Weiner said that subscription board official, told a F. C. C. hearing on allocation of radio frequencies that suitable channels should be set aside for development of this new type of radio service. Wenier said that subscription radio would not supplant the present broadcasting system, but would “add something to radio and we be~ lieve it will create a major new avenue of development of radio service.”
education at Purdue.
Ross Stevens, who has spent 22
here, has been appointed sales
chasing agent for the Meridian st. used car branch of the Jones Auto Co., Plymouth and
1444 N. Meridian st.,, it was announced today. Mr. Jones was
RAIL LOADINGS SLUMP WASHINGTON, Oct. 13 (U. P.) = Loadings of revenue freight on the nation's railroads for the week ended Oct. 7 slumped 35057 cars Dr. M. O. Ross, Butler university | from the lével of the previous week, president, will address the Pur- {which was the highest since Oct. chasing Agents’ meeting to be held 23, 1941, to a total of 877,942 cars, at 6:30 p. m. next Tuesday at the the Association of American Rail~ Columbia club. | roads disclosed today.
meth Co. 20 years and the John Williams Co. for two years.
DR. ROSS TO SPEAK
workers. ... found the answer to the ration. ing riddle. ..and served many more patrons than ever before. In addition, a new kind of platform service has fed millioffsy of passengers who wanted “just a cup of coffee and a sandwich.” So, thanks to the Illinois Central family spirit, we. have made the best of another war- _ time difficulty. After victory, all our workers have learned in the war years will be turned
to account in improving Illinois Central
service. We want to keep on earning your good will, :
rE ii .
wv =)
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