Indianapolis Times, Indianapolis, Marion County, 23 August 1946 — Page 10

Resolution to Be Carried To Washington Following

Heated Session Here.

# By LARRY STILLERMAN Efforts to stamp out what lumbermen and building contractors termed “lumber prohibition” will be contained in a resolution being drafted today for submission to the national office of price administration. Lack of enforcement at the sawy mill level is forcing lumber dealers to resort to the “speakeasy” method of obtaining material ¥or housing construction, they charged. Lumbermen, members of the local office of OPA, civilian production administration and contractors blamed ineffective OPA control as the crux of the housing shortage situation. “The situation today in the lum-| ber industry is either violate or liquidate,” R. 8. Foster of the Foster Lumber Co. stated yesterday in a “knock-down, drag-out” session of Mayor Tyndall's advisory housing committee. Lax Enforcement Blamed Mr. Foster charged fhat OPA control is “ruining” the lumber in-| dustry throughout the country. He specifically referred to lack of en-

day he 1s entering into his 45th

Forty-four red roses rémind William Grauel of 44 happy years, Mr. Grauel is vice president bf the Merchant's National bank. To-

year of service with that institution, As he turned into his office yesterday morning Mr. Grauel found the roses on his desk to remind him

forcement at lumber mills throughout the South and Northwest as forcing lumbermen into black market operations or “closing up.” Other’ lumber dealers and sup«plies, speaking. in. the “glosed’ ses-

sion yesterday, estimated that from |

“black market.” The speakers condemned lax OPA enforcement as encouraging sawmill operators to: ONE: 'Grade.inferior lumber on & higher scale, TWO: “Short” count lumber that

ceilings.

for obtaining lumber, although the| lumber is available at OPA ceilings. . Cause High Prices ' “These violations are causing high prices and more violations all along the line,” E. W. Hunter of the retail lumbermen’s service declared. He said that lumber sawmill oper ators are failing tq keep records of lumber sales, making investigation of black market sales “impossible.” Committee members also surmised

completion of 1622 veterans’ houses in various Sages. of sanstrucHon

CPA director, Commit tee Chairman Orville W. Wise appointed Earl A. Kightlinger, at-

McCormick and Mr, Foster, lumbermen, and Mr. Hunter to draft a resolution demanding stricter OPA enforcement in the lumber industry. ‘ To See Expediter The resolution, to be drafted at 2:30 p. m. today in Mr. Kightlinger's office, will be taken to Washington by Mr. Evans next Tuesday Mr. Evans will present the resolution to National Housing Expeditor Wilson W. Wyatt along with his report to national CPA on the building situation in India At the meeting $esterday, Evans reported that his office approved only 22 applications valued at $315,000 for critical housing construction last week. More than 30 applications worth $1,003,000 were denied, he said. Mr. Wise reported that the committee's request for a 30-day mora-

except veterans’ housing is being studied by NHA in Washington, Paper Drive Planned The housing committee suggested | the 30-day “holiday” on industrial construction more than a month | ago. To obtain more paper for the manufacture of gypsum board, * Mayor Tyndall requested Fred V. Phillips, 401 8. Harding st., to revive the Marion county committee to initiate a salvage drive this September, Mr. Phillips is eXpected to report to the housing group by Sept.

during the war for salvage.

TRADING IN WHEAT

Trade announced last trading in January, March and May |

Monday.

price decontrol board to grains free of price ceilings

There has been no trading in|

trading because,

market could not be maintained.

HEADS WELFARE BOARD Times Special

Isaac H.

60 to 100 per cent of all lumber be- | ing shipped into Indianapolis oO Mother “pleasant surprise when a

Hog Prices Reverse Trend From $2 to $4 |

is being purchased under OPA price |

THREE: Demand “agent's fees"

that lack of lumber is blocking the

torney representing veterans; 8. L.|

Mr. |

torium on all building construction Be

salvage |

L 5 on his plans for organizing a| Ayrshire Col com drive similar to campaigns held Belt R Stk Yds com.

FUTURES TO RESUME

CHICAGO, Aug. 23 (U. P) —The| Der Electric com directors of the Chicago Board of | night that|

wheat futures will be resumed next

The directors, at a special meet- | ing, voted to permit resumption of | Indpls Railways com [ Jer trading in the futures apparently | as a result of the decision of thé

wheat futures on the Chicago board Sines June 13 when the ‘directors |

“a free, open and orderly”

GREENFIELD, Ind, Aug. 23.— Pope, Center township | has been elected president

Hancock county welfare

of his 44th anniversary. A card attached to the roses said: From everyone in the bank.” ,All through the day Mr, Grauel's | telephone Jingled with congratulatory calls from friends and fellow "members of the ‘banking fraternity. Late yesterday afternoon he had

4 William Grauel

| Marks 44th

messenger entered his office carrying a huge boquet of mixed flowers with a note which read, “Congratulations from the officers of the Indiana State bank.”

Mr. Grauel started in the banking | business with Merchants back in 1902 as a messenger boy. As vice president he is in charge of all personnel in the bank and its branches. One son, Wiliam, works at the 38th Street branch of Merchants and another sos, Norman, is with the Indiana Trust Co. ' Mr. Grauel ant-his wife-live at 4050 Ruckle st., where his anniversary was marked with a family dinner. |.

With Losses

Hog prices reversed their trend today ‘with losses ranging from: $2 to $4 while cattle had an active session posting gains from 25 cents to $150 in an uneven session at Indianapolis stockyards today. Vealers and lambs advanced mostly $1

GOOD TO CHOICE HOGS (10,575) Butchers 120+ 140 pounds -4]3 3 50801 15 140- 160 pounds ‘a 21.95 160- 180 pounds an 15a 22.25

180- 200 5 22.50 200- 220 pounds .,

0-, ,240 pounds ..

vee ITS

{ level,

300.1000 pounds ...ec.ie0ni0n [email protected] | 0od-— 500- 800 pounds ......ccoieen [email protected] 800-1050 pounds ....... Shrnay [email protected] | Medium— 300-1000 ) pounds Saran arrennie 12.50@14,00 | mmo 500- 900 | pounds . [email protected] |

SHEER (1150) | Ewes (shorn) |

Good and choice 6.00@ 7.00 | Common and mediu 5.50@ 6.00 SPRING LAM Choice closely sorted ........ 22.00 { Good and®cheice ............ [email protected] Medium and good cvraasness 15.0062 19.50 common...» . ‘ veresine 1130 50'

HAULING OF FROZEN | = FOODS 1S INPROVED

By Science Servic WASHINGTON, Aug. 23 —Frozen ewan wd To ie customers in outlying suburbs - and rural areas without losing any of their quality-preserving chill, in a

L. Morrison of Lake Forest, Ill. The body of the truck is divided into two parts by an aisle down the middle, which is the attendants working space. On either side is a series of lidded cylindrical containers, within whose hollow walls the refrigerating fluid circulates. Each series is contained in a common housing, the intervening spaces be|ing packed with glass wool or other insulating material. : Two independent ‘refrigerating units are mounted forward at floor The position ia the {ront end of the truck body is preforated

to permit air currents caused by the | vehicle's motion to cool the small] gasoline engines that run the com-|

pressors. It-also permits easy access

+0 the machinery for servicing and

repairs,

HOOSIER IS NAMED TO FEDERAL POST

Times Washington Bureau

WASHINGTON, Aug. 23—Secretary of Commerce Henry A. Wallace has named a Hoosier director of the

330- 360 pounds .:.. Medium-—= ~ 160- 220 poundk. ............ [email protected] Packin : - PRES A x i y Ve MEIN pls 4 OE 21.50@ 23.50 300- od pounds, . 31.508p73.50 330- 3 pounds .. ' 1.00 360- 100 pounds ...... . . 1s 3030.80 400- 450 pounds ............. [email protected] in. 550 pounds ............ [email protected] 260 550 pounds .. [email protected] Slaughter Pigs Medium to Good— : 90- 120 pounds ... . 17.006 19.00 CATTLE (2578) Cholce— 700- 900 pounds .........s.. 22.00924.00 900-1100 pounds ............ 3% 204%. ge 1100-1300 pounds ............ 20G2.% 3300.1500 pounds .....0i00nee Ey 00% 26.00 T700- 900 pounds ...ee..0c00e [email protected] 000-1100 pounds ............ 5 2.00 1400-1300 pounds ............ [email protected] 1300-1500 pounds .......ee000 18.50 @21.00 Medium— 700-1100 pounds ............ 14.50@ 19.50 1100- 1300 BORDER ...00:00000s 15.009 19.50 Commo! 700- 1100 pounds reese (13.00815.00 Heifers | Choice 600- B00 pounds . 20.50% 23.00 2% 1000 pounds ........... 21.00@ 23.00 Oo 800 pounds ............ 18.50%20.50 | BO0-1000 pounds ....e..00v00 18.50@ 21.00 Medium 500 900 ~ pounds Ahr eannnsns v 14.50@ 18.50 Commo! 500% 900 "pounds . [email protected] Cows an weights) Good 14.50 17.00 Medium 12.00% 14.50 Cutter and common 9.506 12.00 Canner 8.00@ 9.50 Bulls (all weights) Good (all-weights) ......... 14.00%15.00 Sausage py . 13.006714.50 Medium .. I\[email protected] Cutter and conunon . . [email protected] CALVES (273) Good and <¢hoice . [email protected] Common and medium 50 21.50 Cullis 1.006 14.50 Feeder and Stocker Cattle ad Calves | Choice 500~ _S00- 800 Pounds . [email protected] Nominal quotations - furnished by In-| dianapolis ‘securities dealers: STOCKS Bid asl |

Agents Fin Corp com ........ Ye Agents Fin Corp pfd .. . American Loan 4'z 85.. American States pid .. American States cl A... 8 Ayres 42% pid ..

U 8 Machine com United Tel Co 5% ....... Union Title com .%.....

BONDS American Loan 4's 6 Runner Fertilizer 6s b4 ‘ Com Bldg 4's 61 ..... ditisens Ind Tel 4's 61 '....

Qn =

eas

+...| own passage, sailed gn the’ Marine

office of domestic commerce in his | department. He is Horace B. McCoy, who was born at Richland, Ind. and attendled Purdue university, . McCoy has heen in the gover Mo service since 1920. He was

33 ¢ rus named acting director of the office |

3 “lof domestic commerce last May Beit R Stk Yds pfd ... p wi - FM Pn A IL Hi when Gen, Albert J. Browning re Babhs-Merril) com signed to become director of pur-| Central Soya com Ti 8 . . " - Circle Theater com ws * chases for the Ford Motor Co. | Comwith Loam 47 pfd 104 He has served in the census buConsolidated Industries com 14 pl. " am " t Cons solidated Industries pfd A 515 reau and the treasury department. Fin Corp pid . 3 He “has been in the department of | Electronic Lab com 4's 47, | ommeérce since 1928. ‘Ft Wayne & Jackson RR pid 103 HW ee p———— Herfl-Jones cl A pla 4! Hook Drug Co com 25 Ind Asso Tel Co 2 pid 2 S. Gi Is PI. {Ind & Mich Elec 4'2% pfd....109'% a, 25 U. Ir S an Indpls P & L com 10's | indpis 4 L 4% pid 12 113: 2 | li WwW ddi ndianapolis ater pia 10 t *Indpls Water ¢l A com ...... 22 23 a an e Ings 173 19 " at Life com LIM 1 NEW YORK, Aug. 23 (U. P,).— | Kinin & Co tm, . or 6 81 Twenty-five American girls were on x Lincoln Loan Co 5% pfd 100 ‘| the high seas today bound for Italy ee incoln Nat Life com . 8% 80’ P| Lincoia, Herrington com 11 120 | to marry former Italian prisoners | Mastic Asphalt . 8% 9% | of war they met in this country. atl Homes com reas 8" 9a - HN Ind Pub Serv si, 108% 110°] “If G. 1 guys can marry Ger | P fallory com . 281 30! s i ere | Pro ress Lalindry com i *| man girls and bring them th b b Serv of Ind com 41 421;| CAN MAITY an Italian and bring ey | *Pub Serv of Ind 3'%.% pid... 100% 102% | " : Ross Gear & Tool com ..... 33 = 34 |him here, said Madeline Forlino, 8 bn a4 G & BE €3% pid "....111 113 |24, of Detroit. Her attitude was tokely-Van Camp ptd 21% 22 Stokely-Van Camp com...... 3194 34 typical. Terre Haute Malleable ...... 10%| “Some of the girls are ashamed

34lto sgy they're going to marry for- | But I'm not

mer war prisoners, ashamed,” Miss Forlino said. The 25 women, who paid , thei

d for the 12th year. - Mrs. Wal- Columbia Club 1s 8s .... 0 84 ~ =| Shark fo for Naples. . - 0nso! mn bo os 9 es Ys Yas re-slected Hoosier Crown ts 48 ......... WM | SYMPATHY STRIKE TO END - todvls Railways Co 42 57 .... M4 97%] TERRE HAUTE, Ind, Ayg. 23 (U. | arcors Telephone 3s 61 .... 99 P.).—~Prodyction at 17 coal mines, TRINPE SUPPLY co. Rabner Backiig Oo 4s 3 ....100 | closed all this week in an unauPub 108% | thorized work stoppage, is to be reKk 0 |'sumed Monday. Representatives of § | the United Mine Workers (A. F. of ——— L.) unions involved in the sympathy Indianapolis 4 Cle XDIANAPOLIS CLEARING housE strikes voted yesterday to return to AHS vieccesiasiaraierrnerns ‘ 16,335,000 work as soon as possible, * »

a 7 IOELRRL A EN { Yr Eb

ta. travel pee

new kind of refrigerator truck, on| which U. 8. patent 2,406,241 has|just been granted here to Willard

wT DHE INDIANAPOLIS TIMES

Housing Group To Ask Lumber Black Market End |

{William Graue Year With Merchant's Bank

EX- ors BET NEW Wall Street Decides Recent Stock Breaks

SURPLUS RIGHTS

Scarce Items Set Aside; Few Will Get Them.

WASHINGTON, Aug. 23 (U. P..|in the valuation of all stocks listed on the New York St And the market as a whole today is about $1,000,000, 00 under the

~The government has set aside its

| stores of surplus cameras, binoculars, ¥

tool kits, wrist watches antl. dozens

clusively to veterans, it was learned today. War Assets Administrator Robert M. Littlejohn has distributed to war

assets field offices a new and ex-| panded list of set-aside items which |gecsion yesterday and the market joc pecause of a rise in wages not any ex-serviceman may buy, either|ecame back from the lows after suf- gy

for business or personal use.

No announcement has been made This was reported to, | be partly because most of the items

of the order.

on the list are so scarcé many G. 1's | are certain to be disappointed. Also, further changes are pending. Most of the items on an earlier set-aside list remain on the revised | schedule, These include trucks, cars, | jeeps, farm madhinery, medical and dental equipment, Share of Trucks Reduced However, because démand of G.| I's for certain types of trucks and trailers was less than anticipated, set-asides on these types have been

reduced from 100 per cent to from $12

10 to 25 per cent. Additional items to he set aside | include: All filing cabinets, telephone, typewriter and conference tables, | half of all metal or wood desks

Carpenters’ and machinists’ tool | 2 kits. * Commercial refrigerators, Cash registers.. | Photographis equipment, including |

still eameras, motion and still xo- | jectars,...dryers,..printers..apd . en- =o for the break as follows:

largers.

~ loost OF LIVING

'Overdone,' Faith in Boom Is 'Reaffirmed'’ UP 9 PER CENT

By ELMER C. WALZER United Press Financial Editor NEW YORK, Aug. 23.—Wall street today reaffirmed its faith in a coming industrial boom never beforg witnesséd. in peacetime history land concluded recent wide breaks in stocks have been overdone. | © Those breaks—yesterday and the day before—wiped out $1,500,000,000

ear's highs made on May 26.

the stock list had behaved versi

of other scarce items for sale €X-|we]] recently in.the face of many They noted thaty TWO: The international news pic=

adverse items. pad news piled up, was touched | {off by a break in American Telephone, | was overdone. Such situation developed at mid-!

fering one of the most breaks in the past six years. Leading Stocks Low , Leading stocks at yesterday were far below their highs of the year.

Market experts pointed out that | pected.

and that as usual selling{headlines

SeVere | freight rates.

's lows | Co. which broke 5 points when di-

k exchange.

" These undigested issues still are said to be a big factor in market movements,

ture portrayed hy big Rewspaper | and comment onj§ the| radio. .

THREE: Reduced railroad earncompensated by increased

FOUR: Dividend. omissions by some companies, including Bullard

investment favorite down sharply.

showed a.two-day décline of $16.37 That represented more than $320,000,000 in market value of all A. T. & T. shares listed on the exchange.

Those who argued that the end fo things has not come poifted to the telephone offering which is a start on a $2,000,000,000 expansion program. This corporation—largest in the world, if Bell system is included—would not venture into extension of its vast properties if the future looked bad, they asserted. Numerous other favorable items are listed which the experts believe will sustain the market at least, and probably bring a resumption of the rise. These include prospect of shagply

rectors deferred action.

FIVE: The labor «+ situation. |

For example, Allied Chemi- girikes are still going op in auto-

eal at $187, was dawn $25.25 from mobile parts companies and some {its 1946 top: American Telephone unions have voted to reopen wage | $180.50, off $19.75; Bethlehem Steel clauses of their contracts.

($109, off $5.75; Chrysler,

| $33; General Motors,

$108, off | $63.37'%, off |corporation it plans to halt assem- |program. [$17; Du Pont, $206.50, off $20.50; bly of cars and trucks during the |

SIX: Anncupcement by Chrysler |

increased industrial production and |earnings for the second half of this year, sustained high purchasing | power of the people, 60,000,000 em|ploved if military personnel is considered, the fact this is a cash mar{ket strongly held, and hopes the {OPA will not overstep its control

Currently steel operations are the

| Atchison, Topeka &'Santa Fe, $109, | week beginning Aug. 26 because of | highest ever attained in peacetime.

off $12: Schenley, $89, off $11; |Southern Pacific, $50.50, off $11.50, and United States Steel, $85, 237%

Most of the foregoing rose from lan adverse factor, but coming along | output. The high-priced issues | with many widest movers and often brokerage firms are listing it. light | This situation is described | Telegraph directors’ move to issue |are coming back to the shelves. pp market—one which lacks $351,000,000 *in

| their lows. | were the Shanged jo olum

several points on

off [trols on many. items.

{a shortage of supplies and parts. SEVEN: Resumption of OPA conMarket men still are not sure if this has been

others some of the

EIGHT: American TRelephone &

FE atiate support and breaks or [tures and increase authorized capiadvances sharply on a few tarns. tal stock by 10,000,000 shares.

(actions. List Reasons for Break

Market men summed’ up the rea- day afternoon.

new piling “up.

Bad News Piles Up The last item came on WednesIt caught the mar- | (ket at a time when bad news was | Some traders jumped |.

Barbed wire 6iimit’ of 10 85-rod ! | stock and bond issues which did | [te the ‘conclusion. the new financ- |

‘spools per veteran).

inot move as well as had ‘been ex- ling impaired dividend prospects for {2

convertible deben- |

{ Automobile production is low, but | General Motors stated in its weekly announcement two days ago that prospects were better for increased A building boom is re- | portedly shaping up. Prdouctfon (of electrical equipment is increas{ing and many recently scarce items

LOCAL PRODUCE

PRICES FOR PLANT DELIVERY

| Poultry: Hens, 42 ibs and over, 25¢: {under, 22c; horn _ hens, 20c; 1946 springs, friers broilers and roastegs, 28c; | Leghorn springs, ne Zoosters. 16¢c; ducks, 10c: geese ? nftry .c less than age: Trae eces. Satrpe avevE medi

Current receipts, 54 Ibs. to case, rade, 25c. ‘No. 1. 8%c:

ys: c, no

Butter at No. 2, 64e.

Yesterday at its low, Telephone |

the ‘company and sold this prime

‘More Than Half of Year's Rise Occurs in Month.

WASHINGTON, Aug. 23 (U. P.. ~The over-all cost of living, paced by higher food prices, increased nine per cent in the year ending July 15, a government survey showed today. 3

The labor department's’ bureau of labor statistics said that 5.8 per cent of the general rise occurred between Wune 15 and July 15. The jump brought to 43 per cent the total increase in living costs since August, 1939, the month before the war began,

BLS previously had reported a 5.5 per cent ‘increase for the June 15July 15 period in a preliminary survey. Complete figures now available pushed . the first figure up .3 per cent. BLS said food led the upward trend of prices, with most of the rise occurring during the lapse of price controls. Food prices rose 13.8 per cent between mid-June and mid-July — the largest monthly change ever recorded. The largest previous monthly increase was nine per cent from March to April, 1917. The report aid that by mid-July, food prices were more than 8Q per cent higher than in August, 1939, in 17 of cities included in the BLS survey. They were up more than 70 per cent 4n 20 cities and more than 60 per cent in 11 others. Indéanapolis was in the middle group, with an increase of more than 70 per cent and less than 80 per cent,

TRUCK WHEAT

» Indianapolis flour mills and grain elevators are DaJing $1.87 per bushel for NO“) “red WNeRL Ther ‘grades on Her merits) ; EE No. 1 yellow shelled, $1.75 per bushel, and No. 2 white shelled, $1. 80; oats, i nd 34 pounds or better, 2c per bushel.

THRILL ; CDK. STORIES.

(FROM REALLIFE) No. 19.LUCKY WRESTLER WINS!

7 DURING THE RUSSIAN REVOLUTION OF 1017, APOLISH WRESTLER WAS UNJUSTLY CONDEMNED TO DEATHASASPY. JUST BEFORE HIS EXECUTION ,HE WAS MATCHED WITH THE CHAMPION WRESTLER OF RUSSIA , A PURSE OF . GOLD TO GOTO THE WINNER AND THE POLE , IF VICTOR, ANOTHER NIGHT TO LIVE .

# 7 LADY LUCK WAS WITH HIM-HE WON | BUT HIS LUCK SEEMED SHORT-LIVED » » * HIS TRIUMPH BACKFIRED. THE CROWD, INCENGED AT THEIR FAVORITES DEFEAT WAS ABOUT TO TEAR THE POLE TO PIECES. SUDDENLY A £OCKY THOUGHT PROMPTED HIMTORIP OPEN HIS BAG OF GOLD - - - -

CHAMPION OF THE WORLD |

AND FLING THE COINS TO THE MOB / IN THE RESULTING CONFUSION HE ESCAPED «+ + «+ AND FLED TO AMERICA /

ANDWITH LADY LUCK STILL AT HIS SIDE HE BECAME THE HEAVYWEIGHT

117

CAR ARI

A SIGN OF GOOD LUCK

Many believe that horseshoes must : be hung open end up, to bring the fullest measure of good luck.

Lb gi

i - RT che cc i id

THE SIGN OF GOOD BEER

When you think of good luck, think of good taste. And when you think of good taste, you just naturally think of FALLS CITY because it's just naturally good.

FALLS CITY BREWING CO,, INC, : LOUISVILLE Wn, KY,

Le oo g

FRIDA

1 Bl:

MANY U.S. § BE I

_Sympathie

Report mun

By PARI Scripps-H WASHING" is abundant and lack of mand among in China thi from that co Living und China is ru business at And the ns of some of kicks from ranks suggest, sponsible ¢ manders h been lax in | Ing to the ¢ fort of the tr But airing gitimate ¢ plaints conc ing , conditio should be cc It is someth when profess to influence policy. Bre

American r officers as we not believe th

“End moreover

of the marine Communists tional govern: try recognize And accor Times’ corre:

MARION PLAN P}

union in Broz at 2 p. m. John Hugl U. 8. 8. Miss the surrende dress the set Prizes will prettiest gir months and 1 Prizes also ° prettiest girl

- and between.

We are op

It's Guarant HELEN OF

A VINR VA Nation COLD |

heat, no lete wit] push-up |

MANI

SHAMPOO an FINGERWAVE.

No Appoin

401 ROC Oor. TL and