Indianapolis Times, Indianapolis, Marion County, 16 May 1946 — Page 16
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TRIKE WOULD NATION HARD
“OF GI PROGRAM
Group’ Holding 2-Day State
BANKERS HEAR
*Books , =
2
The following new books ‘have been placed in the business branch of the Indianapolis Public library: “Book of Houses,” by J. P. Dean and Simon Breines, “A Cartel Policy for the United
THE INDIANAPOLIS TIMES
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Be
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BAGK LOAN AS BLOCK TO REDS
Vinson Says Plan Is in In-|
Hogs and veal were firm at the top prices.
5850 Hogs Bring Ceiling Top. At Indianapolis Yards
local stockyards today, both bringing
Cattle were termed about steady, though the numbers received were
she
THURSDAY, MAY 16,41946 LOCAL ISSUES
Nominal qudtations anapolis ‘securities dealers:
STOCKS
Agents Fin Cor Amer States yyw Amer States cl A .... Amer States cl B ... L 8 Ayres 42% ptd Ayrshire Col com
Agents Fin Corp Corp com.... T'% pid 1
furnished by Indie
Bid. Asked,
Belt R Stk Yds com......... a . | Nations,” by Corwin D. Edwards. TE too small for a fair test. Sheep and lambs also were limited. ; Belt 'R. Bin Wor Som: +ierraes A Meeting Here. “Sequential Analysis of Statisti-| ~ terest of Capitalism. Receipts were 5850 hogs, 525 cattle, 400 calves and 175 sheep. Bosbu-Aerti” 4h’ vid 1111 ae . “ |cal Data: Applications,” by the GOOD TO CHOICE HOGS (5850) Central Soya com ...... I]! Survey Snows Country NIGH Suffer Severe Food Short. aimart Pinies of strc a “ech "gr o Coma) WASHINGTON, My 19 0. 0. soon vo Spaly fos bom | pve ANY QTRINE [Sidi so : | urier Severe roo Oft~|are enro oF. 3 "| university. » : a] 140- 100 bounds 1 [email protected] Boris TEncoorp BM... 01ers. Sirvey Shows Country Wig ee ing in vocational schools or ac-| "starting and Operating an Hoc. orted the proposed 33150000000 1: 18 ft HE Belt SR . : cepting tri -on-the- job, Radio Business,” .by H..C. 330 160@ 14.85 GIVES 1 S 2 CHOICES rag ne & Jackson RR pf.. age and Worst Industrial Collapse in History. _ | provisions of the G. I. law. teieal br [that it would provide a bulwagk Medium. * Hogus ti Hook Drug Ga som 20:11" 3 11 the threatened railroad strike is called Saturday the nation would| This is the belief of Dr. Frank H.| “uci and Sound System in In- [against a possible spread of com- | 100-220 pounds Cool .. | CLEVELAND, May 16 (U. P.).—|Ind & Mich mise 4% id’: : survey showed today, and the wofst}Spdiks, ‘Wabash ‘college president:- dustry,” by Barbara Ella Benson. munism in Europe, G00 10 Choloe~ « ". . 010 ! dd Indpls P & 1 com palit suffer a severe Nod Shores. a ’ He told members of the Indiana ! : Other representatives, However, | 330- 400 Be 14.10 Brig. Gen. Leonard P. Ayres, vice jpdiana Olls Water’ fone inqusteial collapse In ¥s Risary. ould be felt in almost every home in the Bankers association today that opposed the loan just as vigorously | 400- 450 pounds ............ 14.10 president - of the Cleveland Trust| Ind 18 Raliways _— ita showed, and the blow to the country’s economy might) about 6000 former G. I's are fo1- PRICE OF HOOSIER because they feared it would lead ("555 pounds ....... [email protected]. said today: that because of the Kiigan & Co com ... the proportions of a national disaster. - The big cities would be|lowing this trend. A total of 14,000 to twe competing economic blocs— Medinm. to “aSlaughter Pigs |coal strike the government faced Lincoln oa ch ga reach or ‘oh there eens | QUEL veterans are enrolled in the .{one Russian and the other Anglo- | - 120 pounds wy [email protected] | two alternatives—to nationalize the BR Mat Life com ........ Food ortage . . | com Carer a erase Bardess be felt almost immediately. 34 colleges and universities of the FARM 600DS UP 16% American, . CATTLE (525) industry or enact laws to regulate Marmon- Herrington com. .. Other localities would begin to tel |] S EATING ate, i 4 oaleh rosela Secretary of the Treasury Fred M. |... Sus and restrain threatened strikes that |Nail Homes om’. "''"" the effects in a week to two weeks. WJ ¥ . Bovsite bunkers nie m seasien to Prices of Hoosler farm p Vinson told the house banking com- | 3c0- 900 pounds 18 [email protected] “might be against the public in-|N Ind Pub Sery 5%... 0. | : ay an Omorr e y . Seerarenaiee 0 NE
Farmers and small farming com | ‘munities would be least affected. "Following hard on the heels wl
ALL-TIME HIGH
hotel. “Eudcation and development of young men . . . in a very real sense
April 15 was 76 per cent higher than the average for the period 1035-39. This was shown today by a study
mittee yesterday that the propcsed loap “is in the interest of capitilism and free enterprise.” The secretary,
1100-1300 pounds 1300-1500 pounds f
00d— 700- 907 pounds
. 16.75@ 18.06 [email protected]
terest.” Mr. Ayres, in his monthly business bulletin, pointed out that coal was
SoInd G & E 4.8% pid .. Stokely-Van Camp pfd .,. Stokely-Van Camp com
y S «| 900-1100 pounds .. A Terre Haute Malleabl 8 e rail walkou who Is scheduled to answer commit- |, 00-11 ay s|a necessity for industry, utilities Heable 8 : jie soit cual Silks, the S industrial | |is no more my business than it is|of figures compiled by Purdue i tee questions again today, intimated 1300: 1800 pounds and most oa a Legis- United Ter co BAR Tr shutdowns and mass unemploy- | d C motion Rises: Tous" the college president and versity and various Federal|tng¢ the Joan would prove a check |MSaum= pounds .+v [email protected] | lation to avert “strikes against the|U™o® Title com ............ 35 | t across the country. With! 00 onsumpti s| former industrialist asserted, agencies. lon Britain's movement toward the |}100-1300 pounds . [email protected] Bonds
| |
* Admits Economic Strain
The April 15 general index was
Common
left.
public interest,” the economist said,
American Loan 4%s 55
lifelines of supply cut, fac- ies ; 700-1100 pounds [email protected] would be in the form of amend-|American Loan 41-3 60 did Ste could not stay open long. | Fewer Calories. Alluding to banking and business|'W® pe Sen} Shove os ae the Strong Argument 600- 800 pounds [email protected] | ments to existing law. erties 59 8 ...... | WE Businesses of every description] By GRANT DILLMAN lite, Dr. Sparks opined that “there |S3me da ih from a year ago,| AR influential southern congress- | 890:1000 pounds [email protected]| “They should provide that unions | Citizens Ind Tel 410g 1 _ ed would neither get nor distribute yujed Press Staff Correspondent is nothing wrong with the labor- four pes Se was'G oe per man, who asked that his name be| 600- 800 pounds © . [email protected] | must: bargain in good faith as laws Columbia, Club 14s 5a .. : ‘ finished goods. WASHINGTON, May 16. — The management situation of our coun- Wiifle ves gi ow stood at[Withheld, said -that Mr. Vinson's| 800-1000 pounds [email protected] now insist that managements | Hoosier Crown 8s 56 | 0 ve § Spokesmen for the meat packing iculture department reported to-|try except the men who make up; $60 gs : testimony was a “strong argument” | 500- 900 pounds ............ [email protected] | must,” he said. “They should|Indpls P & L 3l%s 70 ...., ia “ agricu p " 183 and the livestock index at 174 W c rs Indpls Railway Co 5s 57 .... 94 1 § industry said there would be "no Ini {labor and management. . for loan approval. ‘ommon clearly define illegitimate objectives |ina Assoc Tel Co 3s 75 ... 104 meat shortage to worry about,” be-| Gay the United Styles will consume In an earlier talk, Orville R. Max- |", APril 15. Several other congressmen agreed b00- 300 pounds ....... i [email protected]| ke |Indpls Water Co 3%s 68 ....104 108 | Al- a record amount of food this year. | : ’ : | A considerable spread in the Good SO gy ie] | Kuhner Packing Co 45 54 |. . 100 . 7 cause there would“be no meat. | field, state director, U. 8, treasury f hay from April 15, 1945, (With him, stating that their sole food --* reviineenine 130014501 Sr N Ind Pub Serv 3%s 73 ... 106% 10844 || most all of the meat distributed by) The average diet, however, will jopartment's savings bonds divisiop, | 7" Se 2 BY es this year was re. | reason for backing the loan was the| cutter and’ common : sasanas| OUTLAND CITES LOW Pub Serv of Ind 3tas 15 1070 Joa | major packing houses is shipped by| have slightly fewer calories, | admitted a strain on the national . majne 1945 figure was $20.40 |Pelief that it would bolster Britain |Canner .. o.oo. . 700@ 8.23 JQ | Trac Term Corp 8s 61... e8 i rail, and most of the cattle they | The department estimated total economy by an estimated national | **y HC: this ver. it Tu $1550. ~ |against a spread of communism. Beet ura Welginta EX-GI WAGE ; OFFERS HI Wiliams Inc 5s 55 .... 8 .., buy comes in by rail. | American food consumption at 14) dept of 274 billion dollars. I - ing rises from March 15 are| Rep. Fred L. Crawford (R. Mich.) 5,300 (Wl weights) ........ 13.50Q1U.00| WASHINGTON, May 16. (U. P| — d j If the strike continued public per cent above pre-war—an all-| «while our economy may 'corn, cattle, - calves, lambs and asked Secretary Vinson what pro-| Good ...................... [email protected] | —Rep., George Outland (D. Cal.) LOCAL PRODUCE utilities would be forced to cut the, time record. an strained, it is not destroyed,” de-| ,..-o.. Eggs and whole milk fell | tection the United States would Medium... 119061250 reported today that 43 per cent of supply of power to meet only em-| The slight drop in the calory| j have if Britain’s Socialist govern- A”
clared the government official,
slightly, Wheat, oats, soy beans,
CALVES (100)
white collar and manual labor jobs PRICES FOR PLANT DELIVERY i y i : Good and . 16.00@16. ergency needs. Power restrictions, content of meals was attributed to| At a morning session, Robert L.| hay, hogs, wool, butterfat, potatoes ment meets the loan repayments| 300d and choice =~... =. 18.00@1680| 01" veterans through the U. S. Poultry: Hens, 4% Ibs, and over, ej was ved, { u § e on e Su I ut otherwise acts’ against ourjCulls ........... de .. [email protected] 1 og | under, 20c; springs, 4%a lbs. .and over, it believed, would be much| America’s heavy exports of foods shoulty spok “The 8 ccess in| 4 apples remained steady. but otherwise “acts t employment service in 41 states|jnder, 20c; spr g. A lbs and o more drastic than the brownouts to famine Biens The Jot war Making G. I. Loans.” He is cashier,| "7% eereemnmee | OFM. Of gOVErnment.” Feeders and Stocker Cattle and Calves paid less than 65 cents an hour, or| hens, 19¢: 1946 springs. 30c: 1846 broil Y imposed during the recent coal| American meal, the agriculture de-| Stone City National bank, Bedford. “The loan will not accentuate| Choice . ers, 30c; roosters, 16c; ducks, 15c; geese, strike. | partment said, will be more health- Cora More G. I. Loans U.S. STATEMENT the movement of the government 500- 300 pounds ani 10 arm ait Boh ly Week. of 9% Hotes 20c; PR Rg Denil AA rin ‘ ae . .. Ha | “ : - pounds .....ceeeess ; » h ’ ” joa . Aggravating the Situation Yous) ful ian ie more fattening foous Mr. Shoulty urged fellow-bankers| WASHINGTON, May 18 (U. P.).—Gov-|t0 the left,” Secretary Vinson re-|Good- members backing a bill to Increase | yor oraced wags. reetintn Ry a the coal strike itself, which left] eaten formerly. . i+ ernment expenses and receipts for the|nlied. “You can draw your own| 500- 800 pounds ............ [email protected] | | Amy “| 30c; © Lees ge, 4c; m, , rt most! T ; Ameri diet in| to take advantage of an opportunity cient’ asea) year through May 14, com-|Pued. “XO n you 800-1050 POUDGS «rresrrrrnss 14.30@ 16.00 | Minimum wages from 50 to 65 cents We; no gra e. Jie. the nation’s coal reserves almos he average American - diet in to invest idle cash in G. I loans.| pared with a year ago: {conclusions as to what may happen | Medium— - 1500 an hour, said- the figures were from wi vile — depleted. This fact, industrial ex-| 1345 reached a high of 3350. THiS He said hesitation would “allow Expenses... $51 158,800 318 $85 433.426.181 |1f the loan is not consummated.” Chole de sorted 1330@1450 |, USES study not yet made public. TRUCK WHEAT ~ perts believed, would hasten the may drop to about 3000 this spring other lending agencies to stake the War Spend... 44.783.719.078 : 3 a34.922 Meantime, it was reported that SHEEP (175) | “In a state we think of as small tllapse of basic industries, |and summer as a result of scarci- initiative. Net Det, © 30.515.637.668 46,504.722,262 | attempts will be made to amend the| Good and choier hor™ 2.00@ 9.00 but highly industrialized, 84.6 per - Crops Would Rot tle ‘of some high-valory foods. Charles H. Buesching, Ft, Wayne, [Soh Bal 10 08 00 223 236,908,501 619 |l0an proposal to provide for a|Common and medium 7.00@ 8.00 | cent of the available jobs paid less|yaiors ate’ paring $106 pod IAD ele : i: . s : ’ : +. 272,972,407, , 998, 007, amid ambs » : If the striking railroad workers | People Feel Better {association president, told the open- Gold Res ... 20,246,076,669 20,351.921,100 | smaller outright payment to Britain | cnoce and closely A ei 168 than 65 cents an hour,” Rep. Out= No. 1, 1° vent {gies Srades on Sheis G Ittuse to haul perishables, farming| Many health experts believe: peo- |ing session of the two-day meeting| INDIANAPOLIS CLEARING R02 ob6,000 in eschange Jor, permanent Hgts) Sud choice, ety reves 14.00015.00 land saiq in 2 speech prepared Tor | testing shelled: $1.96 per’ ate a) No 2 S U authorities said the effect on agri-| ple feel better and live longer when that Hoosier banks are in the best Cleakings sts atiesstivevadyd ny 19'312,000 | OF bases. | Common ibd [email protected] | house delivery, |3hite shelled ‘corn, $151. culture would be grave. Perishable | they get about 2500 calories a day.! condition of their history. - - Acme. ih
crops would rot in the fields be- | Many peoples in Europe and Asia | cause they could not be shipped are living on from 1200 to 1500. to market or to refrigeration plants.| This is enough to survive, but not | Livestock could be fed grain, but|to do heavy manual labor. feed shipments to livestock raisers] Supplies, of some cereal, potatoes, would be halted. dry beans, fats, oils, sugar, canned The two railroad brotherhoods fruit and canned fish will be smaller : which have threatened the strike |than before the war. But this will ‘announcer, however, that they|be balanced by larger supplies of would continue to handle shipments | fresh vegetables, poultry, eggs, fish, of milk and hospital supplies. They fruit juices and dairy products. also would carry troops and hos- Other food developments: pitalized veterans. ONE: U. N. R. R. A. Director FiThe strike would involve direct-|orello H. LaGuardia urged the govly about 250,000 engineers and | ernment to requisition wheat ditrainmen on all major roads. Rail- [rectly from the nation’s farms to road officials believed they might|make sure it is available for export. be able to operate a few trains by|He also urged Americans to eat
replacing strikers with members of darker bread by raising the wheat |tion of unused sleeping car tickets
other non-striking unions, extraction rate, The two brotherhoods announced | yesterday that they would noly strike the Illinois Central, whicii
already is under government oper-
a radio address (CBS) that if the
TWO: Herbert Morrison, presi-|months and were being submitted dent of the British council, said in |! the nation’s railroads.
The group's annual dinner will be held at 7 p. m. tonight. Speak-| ers will be Dr. Herman B Wells, | Indiana university president, and | Governor Gates, A social period in the Indianap-! olis Athletic club will precede the dinner.
PULLMAN CO. STUDIES TICKET REDEMPTION
CHICAGO, May 16 (U. P.).—The Pullman Co. announced today that new regulations governing redemp-
had been under study for several
| The statement was issued in re-|
fight against famine fails it will not |PlY to advertised charges of the|
ation. The announcement was re-|be because there is too little food. Chesapeake & Ohio. railroad that |
garded in some quarters as an indi- He said it would be because there cation the brotherhoods would can- | cel the walkout if the government Place at the right time, seizes the railroads. | THREE: The Amerjcan Associa- ' The amount of shipping that/tlon of Railroads said grain car- _ could be handled by trucks was | loadings now average 1700 a day rted to be negligible. Trucks { compared with 1100 a week or so help in specific instances, but their| 880. overall tonnage would be slight. Mr. LaGuardia said he approved i ir ap—————— {plans of former President Herbert HIKE PRICE OF WORK GLOVES |Hoover to meet the world food WASHINGTON, May 16 (U. P.). crisis during the next four months.
is not the will to get it to the right |®®F SPace “is a national scandal.”
the black market sale of sleeping
Pullman said -that the existing | system of permitting cancellations {and refunds up to the time of train |departure—which the C. & O. {claimed had built up the black |market—was designed to meet wary time conditions. “An arrangement for earlier cancellations of space on tickets is obviously desirablé to give passengers
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VACUUM:
VACUUM CAN
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ITS IN THE
| IT'S IN THE NEW | ULTRA-VAC JAR
assurance far enough in advance of train departure that they can get é accommodations,” the statement said, I Pullman passed major responsi- | bility back to the railroads them-| selves, pointing out that Pullman tickets ' are sold by igi foa employees and that the servation
~The office of price administration At the same time, he made it clear has approved a 2 to 3 cents in-|that his primary interest was in crease in the retail price of work grain deliveries—not plans. gloves, effective May 20. The in-| The U. N. R. R. A. chief said it crease was caused by higher prices/ would be impossible to meet Mr. ‘granted manufacturers in order to Hoover's goal of 630,000 tons of grain bring their earnings up to 1936-39|for U. N. R. R. A. this month. The levels, the OPA said. June goal of 685,000 tons would be and cancellation of accommodations
difficult to acliieve, Mr. LaGuardia F = grants are in their hands. Ta | It objected to a C. & O. proposal | Listen Jo ‘PLAN T0 MAKE MORE of a 25 per cent forfeiture on re | SY not cancelied in “a reasonable time” “BUSINESS HIGHUGHTs | SYNTHETIC RUBBER
on the ground that there should be by Merrill Lynch, Pierce, Fanner & Beane
WASHINGTON, May 16 (U. P.).|no penalty if some one else buys }i—The United States hopes to main- and uses the space. tain synthetic rubber plants capable, “Clearly, Pullman does not want (of producing 350,000 tons annually |to be paid twice for the same ac-
{Inter-Agency policy committee on {rubber made the recommendation at | | closed hearings recently held by the |
Every night jon a “stand-by” basis, it was dis- commodation,” the statement said. x |closed today. en : Mond | ! ay through Friday Chairman William L. Batt of the |
WYATT ANNOUNCES NEW LUMBER PLAN
WASHINGTON, May 16 (U, P.) |
WFBM—10:30 P. M.
/ ————— —
jeates agriculture appropriations | _ gousing Expediter Wilson W t AIR CORPS TYPE jsubcommitiee, A report on the hear- | wyatt last night announced a ingts w 3 ; 4 ! : ¥ gls was released today. | three-point program to increase
Mr, Batt sai i - { aid the inter-agency || umber supplies for construction of
SUN GOGGLES . wid group also believes that synthetic | veterans homes.
Released for Civilian Use [rubber production should be reduced | 14 hrovides:
Aviation type Sun-Glasses, manu-| rom a war-time peak of 1,000,000 ONE: Sperfiing factured during the war almost ex. | tons annually to areund 250,000 | voads through government clusively for the Armed Services,|!Ors. The state department, he said, | have just been released for civilian favors the drastic reduction in order | h use. These Genuine Air Corps|to aid in reviving the natural rub- | © ~ Type Sun-Glasses, complete with ber trade. : 12-Karat Gold Filled frames and|—
$15,000,000 for, : forests| *# so an extra 60,000,000 board feet of lumber could be cut. TWO: Allowing an “overcut” of |
i
{timber on government lands in the
Pearloil rocking pads, scientific-| © asim | |south’and west to produce another | ANN PAG _ray-absorbent “No-Glare” ground| NEW FIRMS AND 150,000.00 30.900,000,000 board feet | MUS and polished sage green lenses, PARTNERSHIPS {of lumber. dropped before curving, and self- » eee | THREE: Giving preference to NABISCO adjusting comfort cable ear pieces,| superior Mortgage Co. 413-14 Lemcke| Producers of building materials | SC ¢an now be purchased for only $4.95. blog Mortgage N Merigis;, Hlorence 8. when bidders on government timber | 100° Bun-Glasses like these regularly sell| Burns Sales Co. 120 W. 30th. . Kitchen Submit equal bids at ceiling prices, / . much more. Will protect the | cabinets Laws O Burns and Kathryn | FRESH, ( eyes from glare, sun, wind, dust and |" r. Db. Porier co Pimp Ye. rust) Bo 3 IT exposure, Wonderful for auto driv- | bide. Machinery.” ae Brel "D: i RITZ rier, 5 . Drive, W | o | ers, Joeemn, oha, gargeners, Jase Side Purnmiture Whodreft Milian | . | farmers outdoor workers| st. New and used furniture, Fr d* Pri | and sportsmen. Sold on 10-day no| 152 Central, No. 9; Henry Shannon, 2941 FIRE 15 d 1] inn risk trial, money-back guarantee. LaRue's, 1121 N. Pennsylvania st. Res- il For sale this week at our local fac-| oe a tavern, J. Robbins Ensley, | dful 4 4 i . 5 | tory branch National Optical Stores| Belmont Bicycle Hospital, 2120 W. Wash- | Drea : | . y Co., 145 N. Pennsylvania St. Indian- Ington st. Bicycle shop. Ralph E. Owen, | DAN! bolis. Ind. 13716 Northwestern ave., Wm. A. Finney, | . 3 ris Epintn AOR i 1220 Cottage ave. + Thin | - = — - — — { R CL J i ANN PAC or Sp are explosions, ;
tornados, 3nd out-of-control vehicles. But Grain Dealers Extended Coverage protects against them all.
PUR TT
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CHASE & SANBORN
® More people have been using Chase & Sanborn | Coffee in the past year than ever before! The rich abundant flavor of this fine coffee is more enjoyable than ever—now that it comes to you vacuum-packed!
Jewelry. its TaVets a. Zh 5907s | |
Dia ! hp 2 . mont Set insignia. Masings. : of C., Moose, Eagles, el.
Scottish Rite Rings br A Rings il $15 to $50 !
4 Easy Budget Terms! In that little “ps-ss-t,” you can hear the freshness! Lr —T —— 5 : GRAIN DEALERS hen you smell the freshness—and taste the fresh SEY
ness. See how much this heightens your pleasure. Buy Chase & Sanborn today—in your favorite grind.
4 Wo
MUTUAL AGENCY, INC. 1740 N. Meridian St. ‘WA hash 2456
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7 J 4 EWELRY CO. | VEU Pin Shih
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