Indianapolis Times, Indianapolis, Marion County, 27 December 1945 — Page 1

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MEN TRAPPED IN MINE BLAST

Rescue Crews Hampered by |

Smoke and Fumes in Kentucky Shaft.

By CLAY W. BAILEY United Press Stafl-

Correspondent PINEVILLE, Ky., Dec. 27. ~Fresh crews of federallytrained rescye workers tum-

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22) VOLUME 56%-NUMBER 250

Ice Thawing Off Streets; ~ Roads Better

SEVEN KILLED IN SHIP BLAST

11 Hurt as Tanker Explodes In Texas Port.

' TEXAS CITY, Tex. Dec. 27 (U. P.).—Gasoline was being pumped from the Swedish tanker “Sveaborg” today after an explosion

leaving 11 injured and “seven or eight” dead in the engine room. the in

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TLEGIY PLONGING ITO MARKET AGAN

Blind. Speculation Trend Causes - Officials to Issue. Warnings.

By CHARLES T. LUCEY United Press. Stat

Correspondent NEW YORK, Dec. 27.—A “happy. ~days.- are - here - again” psychology is bringing the “little guy” back into the stock market again for the

first time since the lush '20’s. Word of Wall Street's bull market has spread across the hinterland and war-hoarded funds are moving out of savings accounts and into speculation’ in increasing volume. Government and New York Stock Exchange officials, watching the movement, are beginning to send up warning signals. The biggest backlog of cash and liquid assets in history—four times that of 1920—is exerting tremend-

markets . When banks, rather than indiviuals, made huge war bond pur-

{chases these last few years, a result was to create new supplies of | Shak federal reserve officials call { “fountain pen” money. Now these new billions are seeking an outlet. { Seek Easy Profits High wartime earnings have gone to pay off mortgages and. many people find themselves with a cash surplus for the first time. So they try for a quick killing and easy profits. The threat of inflation is sending others into the market to buy stock shares they see as rep-

isolid—a business or industry. Low interest rates on bonds and savings accounts act as still another factor to funnel money into stocks in the hope of a higher rate

Strikers Are ‘Charged With - Breach of Peace.

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ous pressure -against the security |

its hull like a paper bag, | TESe0tIng an equity in something :

' Pacific Veterans Get. Home

15] Into New York today, five days after

) | Was © because

THURSDAY, DECEMBER 27, 1945

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Bulired as Second-Class Matter st Postoffice Indianapolis 9, Ind. Issued daily except Sinday

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ACROSS NATION

For New Year's.

NEW YORK, Dec. 21 (U, P).— A transcontinental taxicab rolled

it left San Die go, and deposited three tired marines at home in time for Néw Years. ~~ iy There were six marines in the cab when it left the West coast. One left the junket at Pittsburgh. Two others entrained for New Hampshire and Niagara Falls, N.Y. “It took .us, 9 hours—including a 28-hour _stepover in Tucson, Ariz, when the transmission fell out-of the car,” T. Sgt. 8am Steinman of Hollis, .N. Y. said. “Maybe that we were going so

| fast.” : Sgt. Steinman said that he, the {five other marfhes and the cab) | driver, Harry Arisohn of ‘Los An_geles, took turns driving and then split the costs, “My share was $40." Sgt. Steinman said. “Seeing that the rail-

, After Deadlock.

Garbage Accumulates During 17-

‘days, will improve - with better,

streets

ceived no collections since Dee. 1.

CHUNGKING, Dec. 27 (U, P)~|}

{BRITISH TO DRIVE

{mated today that ap all-out offen~

“to get rid of it as soon |

tually at. a standstill the last few

weather * conditions, dition: Dr, Walter E, Hemphill of the works board promised today. y : A labor shortage, as well as the weather, is held responsible for a breakdowh in collections and fall ure 6 ¢idan “1oé-cixed sowntown

For almost 10 days, residents in every section of the city have voiced their displeasure .to. various city hall . officials over the collection situation. + “Our labor problem is ro able,” the works board official de“Jobs on the collection dnd we have trouble keeping men. 7 ~“We've raised wages three. times

10-85_cents an hour, while street

cleaning personnel generally recel 75 cents. ‘

Dr. Hemphill, former West side

Holmes and Warman aves, and Washington + and Vermont sts. This vicinity, it was said, has re-

The collection department has a nucleus of well-trained,

—

FOR QRDER IN JAVA

BATAVIA, Dec. 21.(U. P). British military authorities inti

Day Collection

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L [matic questions before the joint

tomorrow with occasional light rain or snow tonight and tomorrow forenoon. Warmer tonight. ne

E | A-B0MB TEST

Plan Disclosed by Byrnes as Meeting Closes; Four-Power Control of Japan Provide

9 \s

By HENRY SHAPIRO Ai United Press Saft Correspondent 2

MOSCOW, Dec. 27.—Secretary of State James F, Byrnes announced at the end of the foreign ministers’ cons

ference today that Russia had agreed with the United States ; and Great Britain on a plan to set up an allied commission

on atomic energy. . 3 A detailed communique on the three-power conference will be ‘released at 9 o'clock (Indianapolis time) tonighb, The Big Three decision on the atomic commission repdepos resented an agreement on the only phase of the “{lem discussed at the Anglo=

Soviet-American meeting here, Byrnes disclosed.

DANGERS SEEN “vis...

a . ‘create a four-power control council Where Will Spectators Sit To Watch It?

By ROBERT C. RUARK Serinpy-Moward Stall Writer

WASHINGTON, Dec. 27.—~But join. ' where are they going to sit to MacArthur watch the show? (Russia and

That 1s one of the more dra- ® token share cupation of J , MacArthur would preme commander

. America,

army-navy board today as it ‘works!

out detalis of the atomic BOMbING of byt his role was mot clear,:

of naval vessels. | The bombing is planned to find out what happens when an atom splits its sides against a ship.

(The {the United and China

Plans Concerted Action With France, Britain. By WALLACE R. DEVEL Times Special Writer WASHINGTON, Dec. 37 —AmetJoa Is getting ready to wish Gen.

Francisco 1 happy New Year, The administration hopes, in fact, that this will be the last Jan. 1 the Spanish dictator will celebrate ‘in’ power—if he celebrates’ this one. | Moreover, Washington is not go ing to just hold its thumbs and try to “wish” Franco out of office. The government plans to. do something about it. T, The United States, France and Great Britain are going to. get together in the near future to talk things over and decide what to do. France has proposed that all

—————— a A ——— A ————

STATE POLICE SEEK MISSING ARPLANE

Ship Unreported in Flight From Danville, Ill.

State police today were searching for:a missing plane and. pilot who

tween Danville, Iii, and the North airport, Wabash county y afternoon. . } Harvey Kleinlein and Paul Dameron purchased two surplus navy. planes Harris field, Mo, and were to Detroit to & passenger and training

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" POLICEMAN IN COURT

submarine to that’ Brita)

It'll take a brave n lurk around under water at’ the m

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SHAW GIVES—BUT - i» NOT IN YULE SPIRIT LONDON, Deé, 21 (U7 Poi George Bernard. Shaw disclosed today that he bad decided to give his early manuscripts to the Irish National library for the Irish nation, but he emphasized that he was not motivated by a Christmas t. ; “What do you mean ‘Christ-|-mas? the 80-year-old playwright growled when asked if he was turning over the manuscripts as a Christmas gift. “I don’t have any-| thing to do with Christmas. I am a civilized human being.” ' He said the library had writien 2 request to send his early manuIscripts and “ss an Irishman J re-| garded that request in the nature of a command.” ho

ST. PAUL REACHES VICTORY LOAN GOAL!

WASHINGTON, Dec. 27 (U. P.). ~8t, Paul, Minn, was saluted by| the treasury today for becoming the first large city to reach its Ebond goal. in the $11,000,000,000 vietory loan. 2 z Ted R. Geimble, national director { war finance, sald the féat was

city's excelleht

He termed it a “very construgtive conference” at which éordial refs

PLANES GROUNDED

_ This Morning.

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ON CHARGE OF RAPE,

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atomic probs Mr. (In Washington it was learned agreed to

«or Japan. The representatives of Russia, China and the

(Continued on Page 9—Column 1)

BY IY RUAWAYS

Schedules Hers Canceled