Indianapolis Times, Indianapolis, Marion County, 1 March 1946 — Page 31
, 196 ph Lé&re a
SE mn ——— Johnson
chree! |
a —— ———
ll
y Turner
~ yp * *
FRIDAY, MARCH 1, 1048
BUSINESS—
INDIANA BELL ( ~ REVENUES FALL
Earns Less Despite a Record Income of $25, 150, 1,000 In 1945; Plans to Spend $25 "Million i nb Years,
EARNINGS OF Indiana Rell Telephone Co. have declined to the lowest level since 1938, the annual report re-
vealed today. ‘And this was in spite of
through the war, J. F. Carroll, president, pointed out. For 1945 the firm earned only 4 per cent on plant and
other assets, even though crowded lines and heavily loaded equipment produced
the largest revenues in history, the
report stated. Earnings. for the four war years averaged 4.28 per cent. far below normal, said Mr. Carroll. In 1945 revenues reached a high of $25,150,000, a gain of 8 per cent over 1944. Operating expenses rose 13 pér cent to reach $16,900,000 plus a-record tax bill of over $5,200,000. Wages amounted to more than $11,000,000. Net earnings on! the $67,000,000 investment were $2,-
| 650,000.
" » 5 AT THE END of 1945 there were
346,700 Indiana Bell telephones in!
use—a net increase of about 20,000 during the year. Application for] telephones amounted to 34,000 at] the beginning of 1945 and rose to & peak of 45,000 in September, During the last three months of the year, 17,000 phones were installed, the report said. The local company expects to spend ' more than $20,000,000 for plant construction and extension in the next five years, ‘the report re-| vealed. Specifie projects include extension
of dial service, expansion and im-|
provement in rural service, a method by which operators can dial certain out-of-town calls straight
through to the called telephone and
experimental work in the field of radiotelephone service for motor vehicles,
Columnist Slated By Kiwanis Club
Wilbur J, Brons, Chicago Jour- |
nal of Commerce cokimnist and chief editorial writer, will address the In- i y dianapolis Ki-
This was
(resented as being “for the benefit
¥
record volumes of business all
CHAMBER HITS U. S. CONTROL
Says Employment Policies . Threaten Freedom.
Worker freedom is threatened if, the federal government retains con[trol of the employment servcies,| ihe Indiana State Chamber of | [Commerce charged” today. | Government effort to keep control of thé service was termed “part of | Of a four-way master plan,” in a spe-| Fiat pamphlet released by {Chamber to: members and state and federal government officials.
While directing its fire at the op-'
ponents of the Dirksen bill for return of the employment services [to state operation,
senate action, the Chamber points! lout that continued federal control | {ls only a part of a “jig-saw blue[print of federal government control over the destiny of “everyone who works for wages.”
Pictures Destruction
The pamphlet pictures the destruction of worker - freedom by showing it being trampled under{foot by four horses labeled, “government guarantee of full employment,” “government control of all |wages,” “federal employment sery{ice;” and “federalized unemployment compensation.” A single individual representing federal bu-| reaucracy holds the reins, , In attacking the principles underlying extension of federal control, the chamber says that all are rep-
of the worker.” Yet, the pamphlet alleges, they
which has # passed the house and now awaits |
Lays House i in a Day
A throng at Longview, Tex., views a “house-laying” “demonstration
| of the “Tournalayer,” designed by R. G. LeTourneau of Peoria, Ill
The machine, backed over a building site, prepares to lower its huge form so that concrete may be poured into it. The machine will then be allowed to set for 24 hours when it will be moved on 12-foot pneu-
matic tires to a new site,
the jo
ay
THE INDIANAPOLIS. TIMES ’
ASKS CHANGE IN BUILDING CODES
Abolish Prefab Curbs, Says Commerce Official.-
By Scripps-Howard Newspapers ' WASHINGTON, March dersecretary of Commerce Alfred ‘Schindler today: called for “immediate changes in municipal and state buildhg codes to allow for widest ‘possible use of new tech. niques of construction and fabri cated materials, " At the same time Clarence. Ww. Fatrier, technical director of the national housiiig agency warned that “unless .a large numBer of codes are modernized, they will hamper the veterans’ housing program.” Other officials privately expressed fears that “code restrictions would hamstring the goals for prefabricated homes in the Wyatt housing | program.
4 + One official went so far as.to ay) 100-1100 pounds " 2 he doubted if a single code as 10W/| choice -
| drawn would permit the use of pre~ fabs as envisaged im the program,
i Must Use ‘Every Material’ | Housing Expediter Wilson Wyatt
1set as a 1046 goal 250,000 permanent
of |
prefabricated houses and houses assembled on the site from pre- { fabricated parts and materials, and 250,000 temporaries; for his 1947 goal, 600,000 permanent prefabs and houses built of prefabricated parts. “During the housing crisis we
® shall have to use every available
{material and method to meet the|
% program goals and meet them on|
| time,”
said Mr. Schindler. “Local and state officials should be working
“on code or other restrictive meas-
lures that would under-cut the Wyatt program. We must use the best we have and all we .have to
; ¥ : 7 | speed it up.” Backed. over the building site, the “Tournalayer Yorlas its concrete. functions. In this photo the ceiling is being poured over re-enforcement reds: Floors are poured in the same manner.
Mr, Schlinder emphasized that in making: code changes the phases
{that should be attacked are those
that unnecessarily add to costs or rule out use of new materials and methods. He warned health and | safety precautions should not be overlooked.
Model Code Being Drafted
Mr. Schindler already has announced a mass attack by the commerce department on out-of-date codes and other obstacles to the veterans’ housing program, including “feather bedding’ by labor. Meanwhile, the national housing agency is working ‘on a“ model dwelling code, based on tests hy the bureau of standards. This model code will soon be available to any state or city that wants to measure its present code against up-to-date
1~Un-[
f > I
4
Steady Trade Soon Clears. Light Runs at Yards Today,
The -4060 hogs received today at the Indlandpolis stockyards sold
unchanged in steady trading, the U.
@ Light runs of 450 cattle, 425 calves and 200 sheep also found a
steady market,
GOOD TO cHOTOR HOGS (4000). Butchers
120- 140. pounds [email protected] 140- 180 poun nds 514.88 160- 300 . 300- 330 Pounds 330- pounds Mediume160- 220 poun
» 14.98 + 1490Q14.88 nds C108 @ 14.28 Packing ‘Bows Gopd to Cholee.-, 270- 300 pounds 330- 400 pounds , Good 400- 450 pounds Medium 250+ 580 pounds Slaughter ‘Pes ¥ Medium “to Good— 90- 120 pounds : ‘ CATTLE (4M)
14.10 14.10
tri vars 14.10 12.162 14.00
Chaojce—Jug 900 pounds -1100 pounds tio. 1300 pounds 1300-1500 pounds ...... Good 700- 900 pounds .... 900-1100 pounds ..,, 1100-1300 pounds .... 1300-1500 ' pounds Medium-— 700-1100 pounds 1100-1300 pounds Common
16.75@ 117.75 » 16.75¢17.75 veo 1°, Josh 13. a ATo@is
18.75 . 17.00 . 18, AY 00 | 15.50 @17.7%
13 Nairn 13.259'15.75 |
10.75@ 13.00
600- 800 pounds 18.2502117.75
800-1000 pounds ,'. [email protected]
Good 600- 800 pounds .,..., eee 800- 1000 pounds ,, Medium-~ 500- 900 pounds Common - 500- 900 pounds : Cows (all weights)
+ 1478 @ 16.25 sefteeanns 10.006 16.25 |
12 [email protected] [email protected]
Good 12.750 14 50 |
Medium ‘swe Cutter and common s Canner Bulls (all weights) Beef . Good’ (all weight) Sausage Good Medium Cutter a
[email protected] [email protected] | 10.50411.75 [email protected]
. 17.50
common as #7 CALVES tn) Good and choice 18 08 | common and medium 3 50 Culls 1.00
Feeders and Biteker Cattle at ah
Choice 800- 800 800-1060 Good — 0- pounds .,
pounds
[email protected] pounds
13 waism
‘Hn ne +) [email protected]
Medium. 500-1000 pounds sxe sen SHEEP (2000) Ewes (8horn) Good and choice : Common and medium |
Lambs Cholce and closely sorted’, Good .and choice Medium and good Common = Vee ae ah ea
U. S. STATEMENT
| WASHINGTON, March 1 (U, P.).~Gov- | ernment expenses and receipts for the current fiscal year through Peb. 27, compared with. a year ago: This Year Last Year | Expenses .. $46,781 419,23) $63, 41,480, 293 | War Spending 38.688.605,872 58, 408 037, T24 | Receipts <27,221,349,715 27,564,258, 0931 | Net Deficit... 19,560,085017 36.177, 221,700 | Cash Balance 25 885,799 040 17,325 487.084 Public Debt = 279,655 230,222 234 628,220 98), Gold Reserve 20 212 685740 20,505,963, 92
INDIANAPOLIS Clearings obits
CLEARING “House.
TRUCK WHEAT
Indianapolis flour mills and grain ele-
- ‘hotel yesterday,
S. agriculture department reported.
EVANS | Is GUEST F OFFICE MANAGERS
W, H, Evans, national secretary of the National Office Management association, Philadelphia, was guest at a luncheon of the directors of the local chapter at the Lincoln
“Others. attending. were Li: ‘Grisso, chapter president; Vaughn Fry, national research director; W. M. Bennett, Inland Container Corp:; {John M. Clarke, Eli Lilly & Co; *| Ethel Enders and Paul McCune, American States Insurance Co.; M. IF, Latz, Jefferson National Lite In- | surance Co.; R. J Layton, Rough Notes Co.; W, E. Oakes, Texas Qo, and Jack J. Rosebrough, Indiana Farm bureau,
charge of sales
CONVENTION D
The Indiana Independent
leum association will hold its sp convention March 14. and 1, in Severin hotel.
Speakers will include Alex Dr news commentator; A, W.
Standard Oil. Co, president; RF
McConnell, vice President | fon, Standard Co; M. F, O'Neil, “Firestone & Rubber Co. manager of di relations; Hugh K, Duffield, ager of Sears-Roebuck & Oo, dianapolis store, and T\. O. farm equipment service for the Indianapolis branch’ ot International Haryester Co. Also on the program are Dr, Wil llam Dern, humorist, and Profesof Whiz, hypnotist,
mys TRAILERS
MARION, Ind, March 1 Trucking, Inc, Marion, has rec added seven new 10-ton h ‘trallers to its fleet. The 30-10 units were purchased through Indianapolis branch ef the Frusha Trailer Co.
TOPCOATS “and OVERCOAT
$15.
A good choice of peiterns hae ©0! garment has aned sterilized.. Real Hh
SUITS
50
Xe’, 7 2IKG G77
a” thoroughip
RA wrod ae stats bio Ri A
> EXTRA SPECIAL! De Luxe Line MEN'S
Others at $19.75 te $22.
SUITS and TOPCOATS 1 bs
50
The CHICAGO Store
wanis club next §¥ ; ¥ |
vators are paying $1.70 per bushel far week.
No. 1 red wheat (other grades on their | merits); oats, No, 2 white or No. 2 red! testing 34 Ibs. or better, 78¢; corn, No. 2 yellow shelled, $1.00 per bushel and No, 2 white shelled corn; $1.23,
form stepping stones in the proe- ” Te aT ical expert estiMr. Brons will ; less of destroying worker {freedom 2 ; ; mates that on a home priced as discuss “What § : bY telling the wage earner, (1) low as $6000 to $8000, a saving of Can Be Done AY quiere io work, (2) .whal Job he from $800 to $1000 can be made if About Federal tpust take, - (3). how much he is to
" [most codes are changed. in line Debt and Tax- recelve in wages, (4) how he is 10’ The “Tournalayer” moves slowly away from the newly poured concrete 'yith the model code that is shaping es?” at the J be paid for idleness. | house which has been “laid” in one day. up. i luneheon ; ? . :
1 Denounces Policy | Wedpesday in
the Columbia - elub.
SE E. WASHINGTON ST. oo ivanie mad Daaware Sisssts
—
r—— Chicago Store «++ 146 E. er St.
SotoZono
AT THE Low PRICE
Se
| i —
lle “Full employment” legislation W..J. Brons is denounced ‘by the Chamber
A newspaperman for 30 vears | 0 the basis of the original bill which had the doctrine that it is|
Mr. Brons has written his column, “The Round Table” for the | Ne duty of the federal government
LOCAL ISSUES
Nominal quotations furnished by IndiADnapolis- securities dealers:
STOCKS
Just
Bid. Asked
Bushmiller
Journal for 15 years. He is also a frequent participant on the Northwestern university Review- | ing Stand radio program.
LOCAL PRODUCE
PRICES FOR PLANT DELIVERY
Poultry: Hens, 4!2 lbs, and over, 22: under, 19¢; Leghorns, 18c; springs, 4% Ibs. | and over, 22c; under, 20c; Leghorns, 18e: roosters, 16c; "ducks; 5 lbs. and over; 20c light, 15¢c; geese, 20c; capons, 6 lbs. and over, 30c; under, 22¢ Eggs: Current receipts, 54 lbs. to case, 30c; graded eggs, A large, 33c; A medium, | 30c; no grade, 28c. 1 ? Butterfat: At ceiling, 50c.
|
VOKAR SLIDE PROJ,
AT Charlie Sacks
218 KE. WASH, ST.
erm
Autos ® Diamonds © Watches || Jewelry e Clothing e Radios, etc.
GET CASH IMMEDIATELY
SAE LY
i X a RLY
ILLINOIS a OHIO STS.
Open to 7 P. M.—Sat. to 9 P. M.
“ito assure, and, if necessary, | vide jobs for everyone.
{law of higher
(well as while working.”
The new wage-hour bills are challenged as going far beyond the an-| nounced purpose of increasing pres- | ent wage rate “floors” in order to set up mgchineryefor the fixing by
all levels of skill above-the lowest.
to pro-!
minimum rates for
The pamphlet describes the four-|
way federal { headings". of “What Job” “What Pay” control, | Work” control and “Out-of-Work”
program under _ the
control,
{ control,
It concludes its indictment of the federalization trend by saying, “The cycle of control would be complete,
shall conduct himself while idle as
'STEPANEK IS NAMED | BY REMINGTON RAND
W. R. Stepanek has been appointed branch manager of the In-
typewriter division of Remington
| Rand, Ine.
Mr. Stepanek has had nearly. 35
| years’ experience in variou$ Xen
| tive: positions throughout the | with the company. He Hoc oy > C. Harris who has been Hand erred “to the Los Angeles branch.
BUSINESS DIRECTORY
Have Your Old Fur COAT Restyled
Reasonable Prices Call MA-ST1T ©
BISHOP. FUR CO.
2nd Floor, Kahn Bldg,
You Save Because We Save Men's Suits & Overcoats
$ | 8» 2 { a5 24"
CASE CLOTHES 215 N. Senate Ave, Open 9 to 9
\|SHERWIN.WILLIAMS Has a Paint for Kvery Purpose
COSTS LESS!
Lasts Longer
GUARANTEED
| Wi NLL AT OUR USUAL
LOW PRICES
ITE
[AMI EIAY ES Largest Selection TA TN 1112
LIL TH
112 East WASHINGTON Si
WHILE THE REST OF THE TOWN SLEEPS .
HAAG'S ALL-NIGHT DRUG STORE
22d and Meridian Sts. IS OPEN
WE Buy Diamonds
. . HIGHEST OASB PRICES PAID
STANLEY Jewelry Co,
W. Wash, Lincoln Hotel Bldg.
RP sine
(~—ELECTRIOAL APPLIANCES % INSULATION
JsEvMOoURS)]
PSUR A: fel]
MATERIAL & SUPPLY 00, 46 Ww. Vash. , __ L1-8608
A NEW hil |
HARRY
ey Leviton
dipped
“Where-to-}
f
{for federal agencies would then be| . {armed with power to say how a man’
house, House was “poured” and before plumbing, fixtures and inte
Meeting
Exaculives
New York sales Retin Wl o will discuss | “What Can We. Learn From Army |!
{dianapolis office of the commercial Training Techniques?” at the dinner
of the Indianapolis Sales’ Executive Council Monday in the Lincoln hotel.
TESTIFIES HOOSIERS OPPOSE SEAWAY
Times Washington Bureau WASHINGTON, D._C., March 1.! —Hoosiers do not want the St, | Lawrence seaway, Senator Raymond E. Willis (R. Ind.) has told the senate foreign affairs committee, Senator Willis said that although Indiana was on record as favoring the project at one time, the state ' does not want it now. His testimony followed that of ‘Toby Yoder, ice commission chairman, who testi{fled Monday, This stand is also supported by Gov. Gates, Benator | Willis. said,
| He also presented a brief against
{the proposal prepared, by Hershel A. Hollopeter on behalf of the Indiana State Chamber of Commerce,
GAS PRODUCTION LESS NEW YORK, March 1 (U, P).Stocks of gasoline in 524,000 barrels during the! week ended Feb. 23, the first week- |
} | to-week decline of 1046, according streets ——————————— I —— 1 {ean Petroleum institute, As of last | | Saturday the country's gasoline re- | [serves compared with | ago. creased 827,000 barrels to 13, 175,000. {oon _-
to a report released by the Ameri- |
totaled 104,700,000 barrels, 96,448000 a year Production of gasoline de-|
™ Easiest Possible Credit - Terms — Just Received! , Large Selection 7 | 50 ‘THROW RUGS a
* HUB FURNITURE co. | | 414 E. WASH. ST. |
|
And here, all ready for occupancy, is the “Tournalaid” concrete
Indiana public serve.
the nation | roms
New York as the largest center of illegal profiteering in textiles. The forces of the intérnal revenue
{Agent Fin Corp com | Agents Fin Corp pid . a | 20 | Amer States pfd se ha 28 {Amer Btates cl A ‘ vee 31 {Amer Stales el B i 8S Ayres 4': {Ayrshire Col com | Belt R Stk Yds com Bélt R Stk Yds pfd Bobbs-Merrill 453% pid Bobbs-Merrill com Central Soya com Circle Theater com Comwith Loan 5% Cons Delta Eleciric com . Electronic Lab com . % {FL Wayne & Jackson RR pid. 10018 Heriff-Jones Co ¢l A pfd 11 Home T&T Ft Wayne 1% m 51 21
111% 33
{Hook Drug Co com
Ind Assoe Tel Co 2 pid 31'3 Ind & Mich Elec 4'3% pfd 11054 Indpls P & L pid 113% Indpls P'& L com .,. 27% Indianapolis Water pid . tindpls Water Class A com... J Indpls Rallways com .. “es | Jeff Nat Life com ...
I Kingsn & Co com
| Kingan & Co pid then allowed to set for 24 hours
rior Jainting were added,
RE
ATTACK PLANNED ON CLOTH BLACK MARKET
WASHINGTON, March 1 (U, |=Secretary of Treasury Fred e Vinson today announced a ‘twopronged plan of attack on the black market in textiles, and singled out
Lincoln Loun Co 3'4 pid .. { Lineoln Nat Life cons *P R Mallory com Marmon-Herrington com Mastic Asphalt . Natl Homes com N Ind Pub Serv 57% "a Progress Laundry com ....v.. *Pub Serv of Ind 5% ....... ‘Pub Serv of Ind com Ro Genr & Tool com sans So Ind a & 8B 48%, pid okelv-Van Campy “pid .| Bpkely-Yan Camp com Terre Haute Malleable ,. U 8 Machine “om United Tel Co 5% Union Title com
American Loan A'y American Loan “¢4):8 60 Buhner Pertilizer 5s 54 Cn of Com Bldg 4'3s 61 Citizens Ind Tel 4'3s 61 . Columbia Club 1'4s 5s .. Consol Fin bs 66
(Indpis P & L 8's 70° i
bureau, department of justice and office of price administration will be Joined in a “concrete step in checks | ing inflation resulting from over» ceiling plained. One prong .of -the drive will be almed at sellers of textiles who have | received more than legal prices for | their goods, The other will be di-| rected against. buyers of illegally |
transactions,” Vinson exes
Indpls Railways Co 6s 57 ... Ind Assex Tel Co 3s 75% Indpls Water Co 2s 68 .%, Kubner Packing Co 4s 54 .... | N Ind Pub Serv 3'%s 13 ...,. [Pub Serv of Ind 3':s 18 .... | Pub Tel 4'%s 55 Irae Term Corp Ss 07
H J Williamson Ine ps 88 |...
*Bx-dividend
price goods who attempt to deduct
“business the price they paid for! market —goods;-
from taxable income as expenses’ black
Profiteers who attempt to cover up operations by falsification of books and records will be prosecuted for both price violations and for failure to pay taxes on. profits amassed through price violations, Use of fictitious invoices by black market
{Jobbers dnd- thelr customers has be. [come a popular device in" an atte mpt |
to cover their traces, Vinson stated. | MONLY LUAMNKD WUICKLY CONFIDENTIALLY
“ON DIAMONDS JEWELRY, RADIOS MUSICAL INSTRUMENTS CAMERAS Anything!
LINGOL JEWELRY CO. Inc WE BUY DIAMQNDS, WATCHES, JEWELRY °
On W. Washing ton Sell
“Vinson des 'clared, t
MEANS BRTITER CLEANING
LAN DRESS SUIT or COAT
IRE.
: For Location of Nearest Store Phone Wabash 4521
OT [LERNERS
Across From the State!
5. 0-0.
“HARD-
Men's
“Banner-Wrap"”
RAYON SOCKS
Elastic Top Assorted patterns and colors, Thirds— All Sizes.
5 PAIRS *1 00
“Wittenton” BATH ROBES
SR5
to $9.95 Spun Rayons, ‘wools and wool« mix. ~ Small, medium and large,
Boys’ BRIEFS
Full elastic knitted shorts. Sizes 6 to 12.
39:
Big Buys
From Our Luggage Dept.
Pullman and Overnight cases, Gladstones, Men's 2+S8uiters and} Locker - type Trunks. >
$2
No Sweater Sh
Men's Light and Medium Weight
SWEATERS
Boys’ SUITS
“Brand New All-Wool-and Fine Woolmix
$795
All Sizes 8 to
‘Boys’ Pants $298.59
- Good aly: Long Wearing.
Boys’ Hats, $1.25
Smart styles and “colors; Choice,
mF THESE
$12.95
T0- GET ITEMS
ortage at the Chicago!
FBT enol wave w]e
New spring shades, ullovers, button fronts, ig values!
3 3 98 to $5.95
Men's
SHORTS
98:1" to Also ribbed athletic undershirts,
JACKETS SR95
to $9.95
. All-woo! plaid. Including all-wool meltons and all - wool cords. Zipper styles,
BOYS’ SPORT COATS and Loafer JACKETS
ss to $1296 |
mush tes wood tof mist
fo
18 .