Indianapolis Times, Indianapolis, Marion County, 3 June 1946 — Page 7
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MONDAY, JUNE 3, BUSINESS~-
[eerme ON BUT NOT IN SHOP
It’s a. Symptom of Post-War Confusion That Disturbs President Willlam K. Jackson of New Mexico's Cattiemen.
By Scripps-Howard Newspapers
ALBUQUERQUE, N. M, June 3.
state housewives often find no meat
elections. Westerners like to believe They went along with wartime con. trols, but there's much talk against them now. Even’ top Democrats here say the trend is away from the administration. They list inaction of congress, strikes and OPA maneuverings as chief causes. President Truman's direct action in meeting the rail strike crisis helped him here where unions are none too popular. But many say such action should have come long | 4§0. ’ Get Fair Prices Now about cattle, Prices paid for young cattle leaving the ranges for fattening in states north and east have been fair enough, about 14 cents a pound curently. Probably more cattlemen have paid off mortgages than ever before. It would seem they ought to be happy, but they're at the base of an industry which is bedevilled by a nation-wide black market. It's an industry kept up by subsidies on one hand and, as they see it, kept down by price ceilings on the other. They argue subsidies are a delu~ sion and eventually come -out of the consumer anyway. Remove price ceilings and they concede prices would go up at first, but would come down again after a leveling-off period. They say ceilings can't be effective when in many cities 75 per cent of available meat goes into black market. The black market operation they. say is giving the whole industry a black eye, Must Plan Ahead The industry must plan five or six ‘years ahead. Cattlemen say it isn't possible under present conditions. | The subsidy paid at the packer level | as a cost “roll-back” to keep retail |
11
prices down has amounted to about $30 on a top-grade 1000-pound steer, High black-market prices| have forced legitimate packers to! pay right up to peak prices to get meat. Cattle feeders, the men who fat-| ten range cattle into prime beef, have been squeezed between pro-| ducer and packer and many have gone out of business. fewer cattle are on finishing lots| than in 10 years. The result is more range cattle are being killed to make so-called utility-grade| beef, Here in Albuquerque, the chain stores would rather deal in federally inspected meat shipped in from the | hig packers than in cattle from the) ranges. And local slaughterers have their woes. One went out of ‘business recently, beéause he said he was losing money on every ani-| mal killed. So meat is scarce in the heart of the cattle country, ‘But No Hamburgers’ A wisecrack goes, “Heifers every-| where, but no hamburgers.” Many New Mexico cattlemen—95 per cent of the state’s 122,000 square | miles is adaptable as rangeland—| agree that financially they've dong; pretty well in recent years. But sometimes they've paid oft mortgages, they say, because they| couldn't get materials and labor for | fencing, windmills, water tanks, and | other year-to-year needed construction. The cattlemen say they can get financial help from Washington for drilling wells, building fences and the like, but they're told they've got to do their building the way Washington says to. Some ‘think they know how to build fences and re- | sent what they call interference.
Powerful Group
Cattlemen are powerful in the state legislature. This apparently
|
1946
HOOF,
+
\
—A million and a. half cattle and |
gheep roam the ranges of New Mexico.” Yet in this largest center of the |
in their shops. ‘
they are of an independent nature.
Advertising News—
NATIONAL GROUP NAMES YOUNG
‘Times Executive Elected to A.F.A. Office. | pered budget balancing for
Louis D. Young, advertising director of The Indianapolis Times, has been elected first vice president of the Advertising Federation of America and chairman of the Council of Advertising Clubs of the AF A His election was announced at the 42d annual convention of the A. FP. A. in Milwaukee last week. In his capacity as chairman, Mr. Young will become the titular head of all advertising clubs affiliated with the A. FP. A. and will be their representative on the board of directors. He is president of the Advertising Club of Indianapolis, which is generally recognized as the oldest advertising club in America. Selection of Mr. Young for this post comes in recognition of his wirk in the development of newspaper color advertising and his wide acquaintanceship among advertising club members through his efforts on behalf of newspaper color. Delegates to the A. F. A. convention from Indianapolis were L. T. Sogard, Keeling & Co., and Harold L. Ross, president-elect and executive secretary respectively of the ocal club.
Plan Outing Thursday
The annual Indianapolis Ad Club | Installation Party and Outing will | be held at Broadmoor Country club! | Thursday, June 6. The program for the event includes a golf tournament in the] afternoon and, following dinner in| the evening, the installation cere-
at the recent election. Dorothy M. Everman, Keeling & Co, and Joe M. Kline, Gates Manufacturing Co,
of arrangements,
Joins Caldwell-Baker Robert MacGill has joined the
|the U., 8.
| fits conferred on a Socialist gov-
Probably | monies for the new officers chosen | One
|
|
LOAN IS TERMED BRAKE ON REDS
Chamber of Commerce Urges British Credit.
WASHINGTON, June 3 (U., P.).~
chamber of commerce said today the probable expansion {of world trade justified the proposed. $3,750,000,000 loan to Great
Britain “whether or not it i fully|’
It is one of the sypmtoms of post-war confusion that, in the opinion | paid. » of many here, may add up to trouble for the Democrats in this fall's |
The trade factor alone outweighs objections involving fiscal policy, terms, increased imports and bene-
ernment, he said in testimony filed
with the house banking committee. “The United Kingdom, holds a key position in world trade and particularly in the trade of the U. 8.” he said. “We need the British market if our export trade is to flourish.” Hearing End Nears |
He said even if the loan hamthe! time being, it should contribute to stable economic conditions in years to come. “If the credit serves to strengthen the British government, by same teken it provides a bulwark against the spread of Communism,” | he said. “Balancing the British form of Socialism against Communism, there is no question as to where our sympathies should lie.” Committee Chairman Brent Spence (D. Ky.) hoped to wind up hearings this week and send the proposal to the house floor for consideration “as soon as possible.” Chances for committee approval of the loan appeared favorable with only three or four committee members declaring against it. Rep. Howard H. Buffett (R. Neb.), who planned amendments, predicted the bill would meet rough going when it reached the floor. He said passage was doubtful. ; Rep. Mike Monroney (D. Okla.) feared amendments might be offered to cripple the measure. One, he contended, might be a stipulation the United States would acquire ownership of bases on British territory in exchange for the loan. This proposal was defeated in the senate. Rep. Fred L. Crawford (R. Mich.) |
i predicted the bill would encounter
“bitter and mean opposition” on| the house floor. He added, however, | the more it is discussed the more Suppor: t would 2 it would eh.
1000 CLAY WORKERS WALK OUT AT BRAZIL
BRAZIL, Ind, June 3 (U. P.).— thousand employees of seven | clay plants did not report for work
today. blaming failure of company for resumption of peadetime pro- |
representatives to sign new ‘wage
are co-chair-|eontracts giving them 90 cents an| {men of the committee in charge | hour minimum wages.
The walkout involved the Braz] | Clay Co.'s two plants, the
| draulic Press Brick Co., the Brazil
copy department of the Caldwell~ |
Baker Co. merly with Spencer W. Curtiss Co.,
Mr. MacGill was for-|
as a copy writer and previously had |
|been a reporter on the Star.
He attended Culver Military academy and Indiana university. He is a veteran of world war II and |
|is presently serving as a captain in|
the Indiana State Guard. Mr. MacGill is a native of Indianapolis and resides at the Marott hotel.
Thompson “Takes New Post
|
John W. Thompson, former In- |
dianapolis Times reporter and more recently director of public relations and-advertisirig for the Ford Motor Co., has been named vice president
the Air Transport association.
and director of public relations iN
Mr. Thompson entered public relations work with Steve Hannegan, leaving that organization to go with Hill & Knowlton as resident director of public relations for Consoli{dated Vultee Aircraft oor;
STRIKE 1 AT BEDFORD FOUNDRY IS ENDED
BEDFORD, Ind. June 3 (U. P.),
growing impatience with controls| —A strike called by truckers of the from Washington by many cattle- pJohnson, Drake and Piper company
men speaks beyond the ranges. It's|at giving the Republicans hope that! ended today.
they may make some political hay in the Southwest this year. The tourist trade is another sizable New Mexican industry and | there are complaints—here that] strikes have held this trade down.) Especially the steel and motors] strikes which have held up new Cars. | Democrats have ruled the roost]
the - Allison-Bedford
foundry |
The men returned to work under |
ther negotiations
The issue in the tiree-day-old| The
| dispute involved back discharged truck driver, to R. N. Millsap, Bloomington business agent for local 144,
|a truce arrangement pending fur-|today resumed the steady
pay for &|were selling at according | price.
Mr. Millsap, whose union is af-|
filiated with the
received back-to-work in-
International | tively here for a long time and ‘say that,| Brotherhood of Teamsters (A. F.| prices. notwithstanding some irritations,|of L.),
they'll continue to do so. But Re- [structions pending: arrival of George| publicans have a gleam in their eye.! Skerce, Terre Haute union official.
$9000400000000 0000000000
NOTICE
To All Employees of
AMERICAN FOUNDRY CORP.
First shift wor work -at 6:30 a. m. Wednesday,
June 5th,
¢ 4 ¢ 4 i Xe ® % ¢ 3 une 5th, 3 b 4 :
All second shift workers report for work at 3 p. m. Wednesday,
AMERICAN FOUNDRY CORP.
s000000000000 0 2999994
Se
® * $ ¢ *
kers report for:
a€
4 i * * * * * “ * + * * * *
"Wing Gets Data
This “flying wing” glider, pictured during test flight in England,
has for three years helped gather
of a huge, jet-propelled flying wing plane that is expected to make the London-to-New York hop in seven or eight hours. Windmills (arrow) below wings drive small motors which reduce air turbulence. Glider has wing span of 54 feet, and weighs 6000 pounds.
THE INDIANAPOLIS TIMES:
for Atlantic Hop -
technical data for the construction
Supercharges and Rubber
Springs Seen
By Science Service
FRENCH LICK, Ind, June 3.
| wondering when they will be able to get their hands on a wheel again, automobile designers and engineers in session here are talking about the car of 1950, and the new features planned. Foreseen are supercharged engines and engines of extremely high with independent wheel suspensions,
compression ratios, and cars (hydraulic steering and rubber tor|sion springs. The occasion is the |summer meeting of the Society of
| Automotive Engineers, Present and prospective motor
fuels, according to Earl PRartholomew of the Ethyl Corp. offer real possibilities for high fuel economy and grea’ power output. Gains potentially are similar, he said, whether suverchargers or higher compression rati’s are employed. Motor fuel octane numbers and anti-knock ratings on the order of 8 premium and 80 regular
[grade fuels are already available. | He stated that short, compact, V-
type or opposed engines of 85 compression ratio operiting on fuels in the 100-octane range appear to be inviting, especially by
way of fuel economy, which fur-| ther could be cuhanced by progress |
in designing automatic transmissions. A light five-passenger car ex-
hibited at the meeting was equipped
for 1950 Autos
While 1946 would-be drivers are
LOCAL TRAFFIC CLUB
T0 BE MEETING HOST
The Indianapolis Trafic club wilF Be host to the quarterly meeting of the Ohio Valley Transportation Advisory board at the Lincoln hotel June 18. George M. Barnard, chairman of the interstate commerce commission, will be the principal speaker at the luncheon meeting. Lieut, Gov. Richard T. James will give the address. of welcome for board members who will come here from Kentucky, Ohio and West Virginia,
of ‘the Indianapolis Traffic club, is general chairman of the Ohio valley board this year and will preside at the sessions.
INSURANCE FIRM NAMES M’CREARY
The Herman C. Wolff Co, insurance firm, today announced the appointment of John McCreary as vice president, Mr. McCreary formerly was Indians fleld representative lor another Insurance company.
TRUCK WHEAT Indianapolis floor m!
and oe: vators are ying el No. whoss (other or. hls
with rubber torsion springs, independent wheel suspension and hy-| draulic steering It was described by representatives of the B. PF, Goodrich Co. . The springs cone sist of rubber cylinders bonded internally to central shafts and externally to outer shells, either lof which is held stationary and the other rotated by a wheel support arm. Front suspension of the car is by single wheel support arms mounted diagonally from the dash on the outer member of cylindrical rubber torsion springs. Rear suspension is of the independent swinging axle type, with a universal Joint at each wheel. Steering is accomplished by two balanced hydraulic circuits, cne being a hydraulic tie rod between | the front wheels, the other a pump { circuit, with both kept under mini- | mum positive pressure by a spring- | loaded reservoir.
{
Return to Normal Production
Seen for Local Industries
Industry in Indianapolis appeared on the verge of returning to normal operating schedule today for the first time since reconversion
| began. Last of the hampering restric
tions resulting from the nationwide
strike of the soft coal miners was lifted when Citizens Gas and Coke
$25 2 been held to 24 hours a and plant departments for the
[her treating of metal or glass have | sumption of expansion plans held in abeyance because of the unstable Although the way now is clear fn ‘outlook were expected to create new jobs as well as to fill all
been closed.
| utility announced plants could resume use of gas on a full scale. Since May 12 industrial use of |
treating and other- operations | blocked by strikes and eventual re-
{ duction, the Indianapolis Chamber | the old ones.
Commerce out
of
{of | | effects
pointed successive
| time.
the $14.85 ceiling |
Other receipts were 1100 Atel 525 calves and 175 sheep. Steers and yearlings moved acs at strong to 25- -cent higher and| oh
Calves were up 50 cents
cleared largely on shipping ac.| | counts, while sheep and. lambs showed little change. GOOD TO CHOICE HOGS (10,000) Butchers 120- 140 pounds ........... $13 pau 2% 140- 160 POUNAS ....covuress 14.26@ 14.88 160+ 300 pounds .....ovvense I 3
300- 330 pounds
330- 380 POURAS ...overvnste i [email protected] Mediu 160- “an pounds ...., « 13.26014.26 Packing Sows Good to Cholce— 270- 300 pounds ......... «1410 330- 400 pounds ....i00iiien 14.10 Goo 400- 480 POUNAS ..uirnnriiae 14.10 Medium 2560- $50 pounds y . [email protected] | Slaughter Pigs Medium to Good 90- 120 pounds . [email protected] CATTLE (1100) Sleers Choice 00- 900 pounds [email protected]
900 1100-1300 pounds Je. 1500 pounds noe #00 pounds 900-1100 pounds '... 1100-1300 pounds ..
Medium— Hom i
_ Cows (all weights)
&
strains Ng crn
13.250 144.50
1300 1900 pounds ... vous [email protected] Medium 700-110 pounds 13.25@ 15.50 11100-1200 pounds ..........0. 13.50@ 15.76 Comm 1 00) pounds [email protected] Heifers €00« B00 ‘pounds . .......000 [email protected] | R00-1000 pounds .....v vues 16.250 17°50 Good . 600- B00 pounds .......u0000 15.25@16 3 800-1000 pounds .....ieeniee [email protected] Common 500 - 900 pounds». ..... ci... 3.00@@15.25 | 500- 800 pounds . [email protected]
8a ausage- —
ood ' Liss asesa bus o 13 3alle i resveses 1508 Cutter and common ........ 9.00 11.00 CALVES (525) Good and choice 17.50@ 18.00 gommon and medium .. 12 3.008 123 50 |
IS i and Stocker Cattle ad Calves
Steers 500~ 800 BOWIE «ds eansrnss [email protected] | Jo 1050 pounds .....cunnnes [email protected] Goo “800 pounds ..oeiiiiiinns [email protected] | B00-1050 pounds ......coev.e [email protected] Mediu 500-1000 unds oan 1200014.50 Choice and closely sorted 185.78 SHEEP (175)
Ewes (Shern) [Good and choice ' ' | Common ‘and medium . Lambs (Shorm) hoice and closely softed ‘eka
7.000 8.0 00@ 1.00 16.00
So and choice . [email protected] Medium and good ............ 13.006014.00 Common ‘ «10. 0a 12 50
the crippling strikes would continue for some
maria): oats, No hi bs
Herschel A. Hollopeter, member?
LOCAL PRODUCE PRICES FOR PLANT DI ¥
Poultry: Hens, 4% Ibs. and over, 24c; under, 20c; 3 | s, 4% Ibs. and over, 22¢; under, ghorns, 18c; Leghorn
No longer is # necessary fo wear ‘glasses that detract from your appearance! I you're a glamour girl or a housewifo~and need glasses ~s00 Dr, Far® fine quality ' glasses made to correct your vision difficulties—yet styled to suit your individual per sonality. Kay's have the lat ost Yypes of up-to-the-minute glasses thet add to your
———
OFFICES AT ® GLASSES on CREDIT No Charge for Credit
4 | ‘bette: yellow - led, $138 Pe push) Pam Na 3 | white shelled corn,
LOCAL ISSUES
Trac Term Corp 5s 67 ye so H J Williams Inc 8s 55 *Ex- -dividend.
Listen to “BUSINESS HIGHLIGHTS" é
Merrill Lynch, Pierce, Fenner & Beane
Every night Monday through Friday
Indi-
Nominal quotations furnished by Hollow Brick and Tile Co., Ayer- Supplies Cut Down anapolis securities dealers: McCare—Regan Clay Co., Kalama- | Nationwide walkouts in the auto- | STOCKS Bid Asked zoo and Advance Industrial Sup- | motive, steel and - coal "industries | Agents pin Sz Tia tw Iply Co. | kept production at a mere trickle | Amer States PIE 2. cssersens Spokesmen for the workers said| for months, and shortages of parts|Amer States ci A ..... - {the walkout came after a new con- | and materials persist. She tan pid . bid | tract, increasing minimum wages to| Supplies of parts and materials | Beit R Stk Yds com ..... 40's |90 cents for 300 employees of the to principal . industries here had | Belt R fu rail pd frrvens sies Arketex Creamic Corp., was signed [their own troubles during the | Bol bs Merril com .. rans si% by company and union prema! strikes, it was pointed out. In |ISHt ove CON | tives. . some instances full production in Qomwith 1gan A 107 National Commander John Stelle|local plants must await resumption | Gans Becta” com : isla i b : of the American Legion is president of normal flow of supplies, Pi Warne a pid’ 103 08 i r e A 12 i of the Arketex firm. He signed a See Unemployment Drop | Beril-dones gl iy wee 1 contract increasing hasic wages 13 Ind Asso Fel Co 2 I, 52 ‘ cents an hour Among the plants hardest hit by Ind & Mich Elec 4fs~ 10% 113 . | the'gas curtailment were the Fair- Mi Ps Lsom 4 Ji Di i id5 U.S. STATEMENT mount Glass works, Link-Belt Co.. Th dls Polls water com | Ml "eet ¢ ho! Diamond Chain, Victor Division of Ingpis Railways com ........18 = .... : | Radio Corporation of America, E.|Kingan & Co com ... a WASHINGTON, June 3 (U. P).—Go | Kingan'& Co pfd ............. 93'z 08% *4 d ernment expenses and receipts for onc, Atkins & Co., and Indiahapolis | Lincoin Loan Co §!3 "ptd rasae 100 one an current fiscal year through May 30, com- | Drop Forge, incor Nat Life com 75 1% pute] with 9 Yhis Fear Last Year Unemployment was expected to ai lory Som. ‘com .r... Bn Hae Expenses $50.314.082.833 we, 3s 333, 33.478 | drop sharply under the prospect of Mastic Asphalt Bfsasrtetipes ta 1% . 457, OMeS COM .......ovae. 4 War ied, A ab aes ogy wy | industrial peace, The number of N"Tng Pub Serv 85%. . iio... 7? ui Net Deficit 21,151,179,377 49,571,364,221 | workers unemployed here as a di-|FProgress Laundry com .....,. 23 aad Cash Balance 18,566,406494 9,411,101,843 di 1t of strikes h *Pub Serv of Ind com ....... His 48 Public Debt 273,050,792,040 239,191,785,344 rect or indirect result of strikes has pub Serv of Ind 3'2 ptd...... ol: 100% ["Gold Res. 20.242)393,941 20,270,189,701 | hovered between 2500 and 5000 for | Se 1nd S$ & 45% 1 pid Yes nm 5" | | many weeks and last January hit a | Stokely-van Camp com ...... 38%, 38% INDIANAPOLIS CLEARING HOUSE ak of 18.000. Terre Haute Malleable ....... 8 9 Clearings ...cvovvivervenerssanens $ 6,186,000 | Lg t r to k | heat ¥ 3 Jachine com Sretniraen a 4 eturn of men work in heal nijted Tel CO 8% ..evvvonns DEBE oo iieisiinivissnrsisrings 19,610,000 | Uorhed TE £0 IR «orien > American Loan 4'2 55........ Lk ? Bonds y Hog S Stead Here at ¢ | 4 85 American Loan 4138 60....... 0 Buhner Fertilizer 5s 54.... 98 Ch of Com Bldg 4'zs 61...... 96 C ih C Citizens Ind hy +. 61.....103 £4 In * att Oo Move Ah er Columbia Club 1'%s bs........ ki Consol Fin 5s 66 99 g. Hoosier Orown 5s 56 aa Indpls P & L 3'as 70. .....,.107 The hog market at Indianapolis | Medium AA n Bel Bn Jodpis Rallvays Co 3s X 33 97 pace fb Einir, sad commen .... $30G 8.38 Indpis Water Co Jus 68 1. 104 108 A | hne ing o 45 § - | has followed the last few weeks.| Bulls (all weights) ag i sd is 73 106s 108% 1 1 7 3 10000 hogs received today ® ood ‘(all WOlEhLA) +eer.ess [email protected] | Sub Setv of 10g 3 75......100% 108%
en P.M.
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RICHMAN SUPER QUALITY CLOTHES
-
Lon: after these turbulent times are
forgotten, Richman Brothers
will be remembered as one clothes
maker who stuck to his job ... mak-
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keeping quality up, and prices down,
RICHMAN STANDARD $m 435 QUALITY CLOTHES 24%
202
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