Indianapolis Times, Indianapolis, Marion County, 6 May 1946 — Page 8

To ay Run as High as $25,000,000 as Reserve

. Stocks Disappear. WASHINGTON, May 6.—The soft coal strike is coke. ~~ A peak will be reached by May 15, if the strike continues and industry, railroads, FREIGHT RATE $400,000,000 in wages through strikes | and shutdowns during the first The nation's railroads today marshalled their most compelling staon present traffic. They have asked the I. C. C. for mission scheduled hearings on the immediacy of the carrier's need. reopened a 1942 rate case in which the railroads were permitted a 3 w not been in effect since. The commission is. going to deter{into the railroads’ financial condi- | tion.

® coal miners alone are losing $4. 000,000 a day, steel workers another $2,000,000 daily. U. 8. Lose Taxes The federal government is losing in individual and corporate income taxes. Those figures will’ come out in the next quarterly returns. The department of commerce has made no estimates on total costs. The department of labor has data only on strike idleness. Reconversion Director Snyder has his experts trying to figure it out. They may need weeks to. reach reliable estimates. The unknown cost quantity in the whole strike picture is what lack of coal and shutdowns in major industries are doing and will do to business and industry. How It's Divided The $15,000,000 definitely being lost daily is divided as follows: verses $5,000,000

ing the United States at least $15, 000,000 a day. The total} ‘might be as high as $25,000,000. That rate will mount sharply as reserve stocks of fuel disappear. utilities and business curtail operations. Much neede al housing is delayed. Meanwhile, labor, which 4 HEARING OPEN E three months of this year, will in-| : Sressngly be the principal suffer- 2504 “Boost st Would Bring Billion Dollars. WASHINGTON, May 6 (U, P).— tistics to show the Interstate Commerce commission their need for large and early freight rate increases—about $1,000,000,000 a year ‘a 25 per cent boost, effective May 15, on one day's notice to tlie public. ‘After receiving a wave of protests against such hasty action, the comThey began today and are expected to last at least a week. 1942 Case Reopened At the same time, the commission 6 per cent boost in freight rates and a 10 per cent rise in passenger fares The higher. freight charges were suspended the next year and have mine by the current hearings whether the 3 to.6 per cent freight increase should be reinstated May 15 pending a more thorough inquiry

sass een

According to the National Coal association, the, mining industry is losing $6,000,000 in receipts daily. This is based upon 2,000,000 tons brought out each working day. Of this, mine workers are said by the association to ‘be losing $4,000,000 a day. " Losses by coal wholesalers and war, The carriers asked the I. C. retailers are not included in this|to jet this remain. They did not ask | $6,000,000. | for a further boost. The Iron and Steel institute says} The railroads have steel production is down 100,000 wage increases granted since the]

OPA Against Raise The 10 per cent passenger in-|®

than they would have been before. the war. They expect another $167,-

tiply every day the shortage continues. The loss through lack of coal in| April was 1000000 tons. This materials and supplies, which al-| later . will affect. industry andiready are one-third higher than tn} housing. pre-war days. Estimating the average price of Spokesmen for the office of Deel

increase. The OPA regards higher |treight Tates as inflationary.

OFFICIAL WEATHER

$50 a ton, the institute arrives at its $5,000,000 daily loss. On this, it is said $2,000,000 is being lost | by steel labor. Railroads Lose Heavily Figuring $2 a ton freight on 2,000,000 tons, the coal association says coal-hauling railroads are losing $4,000,000 a day. | ‘As ODT Director Johnson's order | for reducing railroad traffic 50 per |,

U. 8. Weather Bureau | All Data in Central Daylight Saving Time —~May 6, 1946— Sunrise ... 5:41 | Sunset Precipitation 24 hrs. ending 7:30 a. ‘m Total precipitation since Jan. 1 Deficiency since Jan. 3 The following table shows the temperare in other cities:

cent goes into effect, May 15, reve- | Station High Low nue will fall off further for coal- AUADIE «.ocoooooove::s Mrvueny +B u | Ml se vss ssnsans nurse i burning roads. ORIOAZO ove iriivmrinntainn 67 51 | The buredu of labor statistics Cincinuath .......c.oeeevnpennss 1 51 | Cleveland . 64

of the department of labor says penver 43 strikes and resultant shutdowns Evansville produced 54700000 man days of m orn idleness during the first three Indianapolis months of 1046. This is 437.600,- [ox Angeier 000 man hours. At 90 cents an Miami hour, a conservative average, this MoS Paul amounted to $393,840,000 in wages Nev Yorg ‘ F only. {oklahoma City That is lost purchasing power, | Pitepurgh as the federal reserve board sees) I ie

such things, and lost purchasing san Francisco power means delayed recovery and Washington, D. C

lower employment later on. U.S. STATEMENT

8 51 57 57 61 5

(City)

36 63 52 2 3 54 60

4 52

The Automobile Be larcrs) association says an auto industry! curtailment is expected this week.

LOCAL PRODUCE

PRICES FOR PLANT DELIVERY Poultry: Hens, 4'4 lbs. and over, under, 18¢; Leghorns, 18c; 1946 broilers, Cash balance 3lc; Leghorns, 18c; roosters, 16¢c; ducks, Public debt : Ja. and over, 20c; light, 15¢: geese. 20c, Gold reserve s, 8 .bs. and over, 30c; under, 22c,

WASHINGTON, May 6 ernment expenses and receipts for {current fiscal year through May 2 com- | pared wit: a year ago ;¥ This Year

Last Year

War spending 44.039 865,937 32.926,678,882 . 20,188,212,388 19.371 ,828,006 272.916.736.824 20,250,867 641

74,635 897 668 Receipts 22¢; Net deficit 10,966 841,012

20,373,556,356 gs: Current receipts, 54 lbs. to case INDIANAPOLIS CLEARING

3l¢, graded eggs, A large, 34¢c; A medium, Clearings . 30c; no grade, 27c. Debits

CROSSWORD PUZZLE

HOUSE

- Answer to Previous Puzzle . Explorer RY HORIZONTAL 4 Remain want 00 1 Pictured polar § Had on satel {EID ETMIA] explorer, Lin- RIMOIRIQIN olin — 6 Spoken 3 me AS 10 Rustic melody ? SIOPIng way rxT¥ S 11 Ot the ear 8 Thallium 8 | TIO 13 Aramaic (ab) (symbol) 2 & 14 Impolite 9 Male star 2] 1 Beiac 11 Gem 29 Constellation 43 Dash Fi 12 Duration 32 Eras 44 Ind 20 Unclose 15 Upward J Relian 21 Part of “be” 16 Beloved 33 Genume weights - 22 Advertise- . 17 Finishes 35 Groove 45 Denomination » ent (ab.) 2 Past 36 Residence 46 Lure umps 5 Footlike part 40 Thus 47 One t 27 Asterisk. 26 Observe 41 Rip 52 Cor point t : a right 27 Place 42 Broad fcomb. 53 Tantalum ol 3 Hearing organ 28 Oily liquia form) A (symbol) 3¢ Rubt TTT, : 37 Earth godaess tn Benoit [ 1.] 1-1.1-{ ¥] ~ | \ 7 0 fe] .

of the largest combined air cargo I arrived Thursday at Weir Cook municipal airport from the Willow Run plant of Graham-Paige motors. Inspecting the machine are (left to Clarence Myers, general manager of Stewart Motor Sales, Inc.;

right) and treasurer of them otor firm, and Horace

Rollin Stewart, president

An innovation in farm machinery, the Rototiller shown above preound for planting in a single operation, The machine, part oad ever shipped from a factory,

ares gr

Abbott, Marion county agricultural agent.

the Indianapolis stockyards with early bids 25 cents or more lower, according to the U. 8S. agriculture department.

hogs showed no ) change in price.

JOHNSON RA

Demands Arms Policy Pre-

| ‘careening crazily” | trolled 000,000 to be added fo their bills for! the end of her “great and good ex-

| periment in real democracy.”

000, Mr. steel, from pig irpp to intricately |administration will follow railroad | yp foreign loans be made contin- | Medium fabricated and finished product, at|officials with arguments against any cone on pledges to disarm,

Canner .. PR . Foresees Destruction Beles Bulls (all weights) {Indiana” to the’ Advertising club He maintained that “the jig fs] Coot wil weights) ....... 13 [email protected]| of Indianapolis at its noon meet-| § |up” for British trade predomini- | sag CE dais saa [email protected] ing Thursday in the Lincoln hotel. nance, and recommended a policy Media Seineeiiuraserees [email protected]| Mr. Wallace's films, «depicting and common [email protected] of. planned migrations to 2 policy| 4 . CALVES (575) - historic spots and the flora and Australia and South Africa as a|Good and choice .. 16.50017.00 fauna of Indiana, have all been Comm and medium ........ [email protected] solution for the empire's problems. culls .... n [email protected] Made personally during his 31 years

| His speech came as senate leaders, 10:32 driving

for a quick vote on the proposal.

Tey NEWS—

STUDY TIMES COLOR PRINTING

Seripps - Howard Represen- . tatives Convene Here.

* Approximately 50 Scripps-Howard business, advertising: and mechanical executives are attending a coltor- conference which opened yesterday noon and will continue throughoyt: today. Conference sessions are being held at the Lincoln hotel and The Times plant. Arrangements for the are under the direction of Don D. Patterson, director of national advertising and H. H. MacLean, manager, retail stores division, ScrippsHoward Newspapers, Henry Manz, Times business manager, and Louis D. Young, . Times advertising director, Representatives from ScrippsHoward newspapers in Cincinnati, | Cleveland, Columbus, Evansville, Memphis, Pittsburgh, Washington| and New York are in attendance, Among them are three former business managers of the Times: Frank Morrison, now business manager of the Pittsburgh Press, Earl Baker and Mark Ferree, assistant general

Vealers Active, No Change In Prices at Local Yards

Sheep and lamb volume prevented any accurate price test. Receipts for the day were hogs, 7500; cattle, 1525; sheep, 100.

.. GOOD TO CHOICE HOGS (7500)

Cattle trading was slow today at

Vealers were active and steady as

PS |=: BRITISH LOAN

Medium—

Good—

Medium— 250- 550

‘cede Granting of Credit.

WASHINGTON, May 6 (U. P.).— |chotce— Senator Edwin C. Johnson (D. Col.),| 00-1100 crease is slated ‘to. disappear six leader of the fight against the Brit- 11001900 months after the legal end of the ish loan, today called for a world-| GF, -| 900-1100 ‘wide disarmament conference be Pgeijor {fore the United States grants ad- | 1300- 1500 mm-— estimated. ditional foreign credits. 700-1100 1100-1300

He said in a speech prepared for common-

tons a day because of coal short-|war began would make 1946 Wage|the senate that the $3750,000,000 700-1100 age. This production rate will mul-| payments some $1,355,000,000 higher | British ‘oan

Chotce— toward uncon- 6%. 800 inflation and would mark| Good— | "800- 800 800-1000

would set nen

Britain -alone is spending $4,364,-| 500- 900

Johnson declared in urging! Good

to block crippling loan|Cholce— ater today and give the green light ©

Mr. Johnson declared that-a “ti-| Mediu

iu 500- 1000 tanic program of lavish spending’ | Choice an

54 [on foreign loans may reach $20, 000,- |

140- 160 pounds . 160- 300 pounds 300- 330 pounds . 330- 360° pounds ..

| Cutter and common

! amendments, hoped to end debate 800-1030 pounds

boos 800 800- 1000 pounds .

160- 220 pounds Packing ‘Sows Good to Cholce— 270- 300 pounds 330- 400 pounds «...

400- 450 pounds .evecevecance

pounds

Medium—

{ Common— 000 on rearmament this year, | 500- 900 pounds

Feeders and Stocker C Cattle and Calves

serene

pounds

unds seve.

ounds closely sorted

P (100) Ewes (Shorn)

000,000 and that such a program Ccod and choice

would lead the United States to its own destruction speed.”

vaults of America to do that?” asked

| ditional $4,000,000,000 loans every | five ‘years would be required if |

Common

"at

Medium

“Is there money enough in the Common

“Are we to exert ie

Blames Empire Scheme Mr. Johnson-maintained that ad-

and ‘he warned that a continuation! patrol.

(U. P)—Gov-| Of World war I loan policies would | the make Americans people of the world.”

= [Expenses #56 1114.896.270 382.132 126.421 tive practices will force the disin37 645,202,740 ' tegration of the empire and cannot 44.487,433,181 | he retained eyen if the loan is not | 236.287 558 196 | ranted,

Continuation of British restric-! Austin

he asserted. “If the United States desired to!

new

|a tocked hat before sundown,” he

| necessary to gain a relaxing of | British, trade restrictions. | tended leoAmerican exports cannot be increased permanently except by

i nations

increasing imports or funds 2. Additional bond issues to cover foreign loans will further debase the dollar and reduce it to “printIng press money.” 3. Sterling area block credits | should be cut voluntarily 50 per | cent in fecognition of, America’s | generous lend-lease settlement.

“giving other

There are Good Jobi for You at the Telephone Company

AIM % STEADY EMPLOYMENT x PLEASANT WORKING CONDITIONS

Come in“and talk it over with us

FUR TL

TELEPHONE

yment Office

DIANA BELL Th

rayon

and medium . Lambs

break-neck Choice and closely sorted .... Good and choice .

and good

° INDIANA'S TRAFFIC pressures through the medium of | PLAN T0 BE STUDIE

| bribes?”

Both are students at the North-! “the most hated western University traffic’ institute, | and will be guests of Supt. Col

R. Killian

CEILING PRICES SET ON SURPLUS RAYONS |

WASHINGTON, May 6 (U {do so, and were willing to fight The office of price administration $ 5.310000 fire with fire, it could knock the has put a ceiling price of 95 cents a 14.10%.000 sterling bloc and its dollar pool into, Pair on 162,000 pairs “of women's stockings recently de- | said, arguing that the loan is un-| clared surplus by the armed forces. | The stockings are 45-gauge with | He con- mercerized cotton sole, heel and toe.|

calves, 575, and

Slaughter Pigs Medium to Gord— 90- 120 pounds

business managers. Conference discussions are concerned with the general problems of newspaper color printing and include a study and practical demonstration of Times reproduction methods. The Times has been a pioneer |y in the development of newspaper color and last year carried more run-of-paper color advertising than any newspaper .in the country.

Ad Club Winners Winners of the Indianapolis Ad Club's Ad- of- the-Month contest for March were announced at its meeting last Thursday. Awards were made to H. P. Was-

son & Co, for newspaper color; to Adams, Inc, for newspaper, black and white, larger than half page; to the Wm. H. Block Co. in the same class, smaller than half

[email protected] [email protected] 4.85

. 1485 ° . [email protected] . [email protected] 14.10 veo 14.10 14.10 [email protected]

. [email protected] | page; to Keeling & Co. for their CATTLE (3) clients, The Casite Corp, and Hastings Mfg. Co, in the magaJOUREE. +xxsneesens pin HI zine and trade paper classifications; Pounds o.nreeeeer.. [email protected] to the George Diener Advertising pounds s.eevvseseen [email protected]| agency for its direct mail campaign pounds .. ... [email protected]| for South Wind heaters; to Genpounds . 1530016. eral Outdoor rAdvertising Corp., in er Sy * [email protected] | poster, car card and display for the Indianapolis Milk foundation, and MIAE vu ers rirrais [email protected] pouna Myra aes 13 Fy Hd to radio Station WFBM for both spot and program commercials. vexitiess / 50 oun ih 13.091 Contest judges were a committee Gad [email protected]| from the Advertising club of Grand i SI | gir. S0| Rapids, Mieh., under the chairmanhip of its president, Albert G. dB = ibiivresion [email protected]| 5 Dn srsvessdvnes 15. Rann 25| Schroeder. PORDAS i1isissrvens [email protected] Yin Show Planned nde all eich [email protected]| prank N. Wallace, state entomoleT [haegaaas | OBist, will present his collection of

service to the state,

00 | suse nai le

«+ [email protected] vee [email protected]

nseus INTERNATIONAL FUND

one of his productions.

1.75@ 8.15! 8.750 7.75 Executive directors of the $8,800, 16.00 . 33 2018.50 convened today to face numerou 11.00@13. 25 problems of setting in motion th machinery of world monetary stablization.

Am meeting

83561138 | Kodachrome films entitled “Scenic

It was these {films which interested Walt Disney in using -a Hoosier background for

DIRECTORS MEETING

WASHINGTON, May 6 (U. P,).—

{000,000 international monetary fund |

Headed by Temporary Chairman Dr, Harry D. White of the United Two state police executives from gtates, the director first will choose Connecticut and Colorado will sur- ia managing director and then get vey Indiana's traffic-control program | down to discussions of such probthis week. They are Albert E. Kim- | lems as exchange rates and the acball of the Connecticut force and | ceptance of additional nations to Britain's empire’is to be preserved,| Harry Cable of the Colorado state membership.

TNebraska Farm

he ever sold. He presen Laguardia to t8 help famine relief opportfinity to promote world peace The rugged, 49-year-old fgrmer {from near Bloomfield, Neb. and his ‘plump, good-natured wife flew

. LOCAL ISSUES

, Nominal quotations furnished by Indianapolis securities dealers: STOCKS Bid. Asked Agents Pin Corp com ........ Th ... Agents Fin Corp pid .. 19 20 Amer States pfd ..... ak | 25 Amer States cl A .....coci00e 4 3

er Solls Corn,

Gives $1030 to Aid Starving

WASHINGTON, May 6 (U. P).—Farmer Claude H. Canaday today hands over to UNRRA a $1030 check—the receipts from the only cbrn

-the chick personally to. UNRRA Director Fiorello H.

abroad because “this is the biggest that we ever had.”

into . Washington “last night for nearly a week of ceremonies.: They include a trip to the White House to see President Truman Tuesday. It all started when the govern= ment asked farmers to self corn stored on farms. e Canaday’s ordinarily feed their corn to.live-

*|stock. This year, they got rid of

some of their hogs, and not only

..|sold their grain, but volunteered to give the proceeds to help “prevent.

‘'conference

MONDAY, ‘MAY §, 148

200 ARE EXPECTED AT PURDUE CONFERENCE

Times Special | LATAYET Ind., May 6.—The 14th annual state personnel and “industrial relations conference will be held here at Purdue university, May 13 and 14, PF. Lynn. Cason, chairman, has ane nounced. More .than..200 personnel men, employment managers and representatives of industry will attend. The opening address will be delivered by C. E. Wood, personnel director at E, C. Atkins & Co., In~

Sianapolis.

SEES BIG WAGE JUMP IF GPA IS KILLED

MONDA

.) io

; 2 | ar mre | EASINGTON, J Belt R Stk Yds pfd .......... 63 ari “ ! an ard Wirtz of the Bobbs-Merrill 4%% pfd ...... 70 ....| Washington is “just like a fairy-| wage stabilization board believes Bobbs-Merrill com ..... 12 .... 1 land,” said the couple after their Central Soys com ... . 66% 683 wages might jump 25 to 50 per cent Circle Theater com 6 | first airplane trip, which was made if congress kills OPA. Cumwith loa iow BA ptd ifs 108% at the invitation of Secretary of | ' His fears were relayed to the naDelta. Electric com .......... © 18 19% Agriculture Clinton P. Anderson. |tional industrial conference board. Electronic Lab com oid. 1081 107i | CBnaday never had been east of He feels that OPA restrictions Het Drug © Se'ctArM ..... in .. Siow City, 18, although his wife |passed by the house would in efHook sraeyes «+++ I NA en as far east as Ohio, | feet kill : Ind Asso Tel Co 2 pfd . .. ba save . : wage stabilization because | Ind & Mich Elec 4'2% pfd ....111 113 | Canaday, describing himself as a of the resulting demands of labor Indpie Pole k SUB puree renvne 31 + | Republican who sometimes votes for for further increases to “catch up” Indianapolis Water pf . Democrats, asked farmers every- with rising living costs. Indpls Nal Slam A on where to co-operate with Mr. TruJeff Nat Life com ............ .{man’s grain program. TRUCK Ww EA Rinsan A If he can persuade more farmers : HEAT Lincoln Loas Go 5% pfd ....100 ...+| to help feed starving people, Cana-| Indiana . id polis flour mills and grain eleJiesln Nat Life com ...... 22 13 |day said, then it was worth while| vators are paying $1.73 per Sushi tor Marmon-Herrington com 14% 15% to tear himself away from his 240- | marine oats No. 3 ery Srades on thelr Mastic Asphalt 9 y merits); oats, No. 2 white or No. 2 red a ADE avrrvvarieissd {acre farm just at “corn planting| testing 34 Ibs. or better, 8c; corn, Ne. 3 Natl Homes com ......cocivs 9 yellows shelion S111 Datel N-Ind-Pub Serv 5% ......... 2 | time.” oY No Xo u and No, 3 Progress Laundry com 3 Fub Serv of Ind 5% ......... Pub Serv of Ind com ... Roeg EE Rg Ti 80 8% pfd . ( Stokely=Van Camp pfd i 0 MANAGEMENT Stokely-Van Camp COM 4euse 361, 37% ond LEASING: T Haute Mulleable ....... 8 9 EE Hane Son ois wo 4 Office Space United a Co 5% ..iinvenes » “een ° Retoll Locations Uni: HE10 BOM .s...-eveovs : nion ® co a oo meiol Properties American Loan $j 1. 89: viunns n ee orehovses American an 4%s 60....... . Buhner Per Fertilizer 5s 1 eter ” ass SELLING: Ch 28 a ves Citizens. Tn Ind nf is 6 oa UL Business Properties Columbia ub 1%zs 5s . es Consol Fin. 58 58 .... . 9 ‘ix APPRAISING + Hoosier Crown 5 se 38 101 All types of : Indpls P & s ‘ ap —— on Railway Co 5s 57 95 08 Producing Property Ind Assoc Tel Co 3s 75 ...... ai Indpls Water Co-3%as 68 .,...104% 108 Kuhner Packing Co 4s 54....100 vis iE bon A RS LRAT) I Pub Serv of Ind 32s 75...... 107% 108% Pub Tel has 85 ae ” 100 ow Trac T : 9 Tr Tras Tem Comp bs 61... rl GUARANTY BUILDING « LINCOLN 3513

*Ex-dividend.

gl e

Listen ts

by : Merril Lynch, Pierce, Fenner & Beans

P.).—| |

= Y

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(Paid Political Advertisement)

Hh Juvenile Court Judge

HAROLD N. FIELDS

Republican Ballot No. 40 Endorsed by the

’ Juvenile Court Committee

Republican Ballot No.

Paid Political Adv.

'HEZZIE B. PIKE

a good judge.

In All Fairness

Renominate Hezzie B. Pike for

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One Good Term Deserves Another 30

Primary, May 7th