Indianapolis Times, Indianapolis, Marion County, 4 September 1946 — Page 22

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‘THE INDIANAPOLIS TIMES

{op en : By GEORGE THIEM oy Times Specidl Writer OHICAGO, Sept. &—Hold onto your hats, folks. The signs are gathering that the farm boom has passed its peak. Fok d farm prices today may be comparable to the levels reached before the balloon collapsed with a loud bang. 1920, Chicago cash corn reached an average ceiling of $2.02

could

weakly at that, . A few weeks ago, were gather ellow “hoard at $2.25

out in the corm fields, hustling into town. ofgrain at $1325 a for late fall de-) w They may be smart. They

Since the 131,706 000 hog crop of have come a long way, is the corn farmers’ best

The count this year is estimated at 81424000 head—the smallest pig crop since the 79,840,000 born in 1940. Sees Record Carry-over ‘The government might again be aced with supporting corn and oats prices next year, warns Walter , president of the AmeriManufacturers’ associa-

bureau chief.

haven't pir yet how crashed through the by the food adminisonly two years ago. Mr, Berger predicted a record|} of more than 600,000,000

grain per hog, steer, lamb

Followed; Cites Present Corn Market.

t. By fall it had sunk to 74 cents and

TRARCIAT oor, poifits to the wide~

“J bureau of labor statistics’ reports. "Costs of production and prices are

ada has a bumper grain crop, too, and'may seek an outlet for her surpluses in the United States, °* Herman GG. Seely; Daily News

spread. cashing of series E government‘ bonds, growing need for corporate working capital and -widespread restlessness over living costs ~all forerunners of deflation, The new Chicago hog price ceiling is $16.25 a hundredweight, down almost $9 from the heights scaled during the de-controlled market a week or two ago. Both cattle and hog prices were due for sharp breaks this fall when receipts rormally increase, regardless of the new attempt at price control. Wage rates have been rising without a corresponding increase in productive efficiefity, according to

beginning to outrun the consumers’ ability to buy. Bidding for Land Cools Off From the country comes reports that farmers sense what is happening. Bidding for farm lands at inflated prices is cooling off. European farm crops are still below the needs of the people but they are infinitely better than last year's. It is significant that UNRRA is beginning to liquidate. By 1921, billions of inflated values had been taken from U. 8. farm lands and property. Coming after a “period of wild speculation, many new landowners faced ruin. They went through the wringer with losses. approximating 40 billion dollars on land and buildings alone during the next 12 years. Cash farm income dropped from | the $14,436,000,000 high in 1919 to a $4,682,000,000 low in 1932. Will agriculture go the same road again?

LOCAL PRODUCE

. PRICES FOR PLANT DELIVERY

Hema, 4% Ibs. and over, nei

Poultry: under, Ys orn he

rings, 6c; roosters, 16c; 2 LiEhies geese, 10c No. 2 poultry, 4c less than He ed eggs, A large, 0c A m 0.

Eggs: Current receipts, 54 Ib. to ease, He. Grade A, A, large, 4lc; mediu

is seven to eight per r than a year ago. Can-

OMAP OLSOARATO EOCENE COAT ARLEN OM vi ab

m, 36¢c; small, 20c; grade B, large. 33c no grade, Butterfat: No. 1, 7c No. 2, 640.

Ail HUG SEER AY

i SANA I

Underwriters and Distribut

Circle Tower Telephone:

‘Merrit LYNCH, PIERCE, FENNER & BEANE

Brokers in Securities and Commodities

0. J. HoLpeR, MANAGER

Offices in 88 cities~40,000 miles of leased wires interconnecting all offices. Outstanding securi ties research information available at all times.

ors of Investment Securities

Indianapolis 4 Market $591

funder Maryland st. ‘18. Ayres & Co. with the Darmody * | building, have been announced by

PLAN TO EXPAND

REICH EXPORTS

Gen. Draper Warns Germany Needs Market. WASHINGTON, Sept. 4 (U. P.).—

| U. 8. military government authori-

ties moved today to build up Germany’s export trade and help pay for food being sent there at the expense of American taxpayers, Brig. Gen. William E, Draper announced the war and commerce departments were working on a plan to send more ‘and more American

businessmen to Europe to study the possibility of importing. German

‘gdods,

Gen. Draper is the head of the economics division of U, 8. military goverimeént In Germany, Would Canvass U, 8. Businessten, At present,’ only “95. American businessmen a month are permitted entrance to the British and Amerfcan zones, Under .Gen, Draper's plan, American businessmen would be canvassed to determine which of them wish to trade with Germany. Those interested would be sent over trade groups. Gen, Draper declared that Germany must be permitted to sell her manufactured goods on the world markets or starve and “become a festering sore on .the face of Europe.” He sald German goods that might interest American buyers are china, jewelry, silverware, toys, wood working items, cameras, optical goods, leather goods and radio cabinets. The sale of these in the U. 8, Gen. Draper said, would build up foreign credit to pay for the food the U. 8. is sending to Germany.

No Foreign Exchange Rate

Germany now has no foreign exchange rate. Germans can't travel abroad to sell- goods or even write business letters to foreign buyers. Gen, Draper said the economic rehabilitation of Germany depends on the unification of the four zones, now run as separate units by the U. 8, Britain, France and Russia. The British and Americans are in the process of unifying" their zones and Gen. Draper said he hoped the French would -come in this year. The Russians probably will not join because their primary goal is reparations; not rehabilitation of Germany, he said. Gen. Draper warned that exports were essential to the German economy and the American taxpayer would continue to foot the bill until Germany could pay her own way with her manufacturing. He said the Radio Corp. of America and Philco Corp. were among American firms that were

um, [negotiating for radio cabinets of

German make,

CONNECTING TUNNEL

PLANNED BY AYRES

Plans for a 20-foot-wide tunnel connecting L.

the retail company, Construction will begin at once, the company said.

GALE anime in

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PPAR SO UTNE 0 EON ONT RAR AVN to

BUSINESS DIRECTORY

[RENERVING

oN TWORN SPOTS LEON TAILORING CO. 235 Mass. Ave, 5 5, 2ddie ot

the First Block

| FALL FELTS

$6 * $1.50» S10

Same fine quality Same low prices

maze LEVINSON S89,

NN. Pemn—Oor. Market & Winols

Res

Men's Suits & Overcoats Ig” 19) 4 CASE CLOTHES _ 815 N. Senate Ave. Open § to §

PAPER

AMERICAN PAPER

ack COMPANY 3% W. Mich.

® USE YOUR CREDIT JRL INSTI

The tunnel also will be accessible {to pedestrians, company officials | said. The Darmody building, pur{chased by the company a year |agd, will be occupied by receiving and stock rooms now located on the ninth floor of the main store. The space vacated on the ninth floor will be used for employee facilities including a lunchroom for eee | NCArly 3000, the retail firm said.

LOCAL ISSUES

Nominal quotations furnished by disnapolis securities dealers:

STOCKS

Agénts Pin Corp com .. Agents Fin Corp pid ... American Loan 4 ’e American States pe, . American States cl L 8 Ayres 44% aa Ayrshire Col com.... Belt R Stk Yds oom. Belt R Stk Yds prd. Bobbs-Merrill 4% pfd Bobbs-Merrill com -...

In-

pid Consolidated Industries

com Consolidated Industries a.

Oons Mo Corp pfd-

129 W. WASHINGTON ST, gy 2:

———

Delta Electric oom Electronic Lab ¢ 3a Wayne & Jackson RR pid... Herfl-Jones ei A pid

[we By Biamands

manager, presents ager; J. R. Pfennig, district sales manager, and D. J. Byrne, passenger

service

Office Here Wins Airline Trophy

Chicago and Swuthern Air lines sales promotion a trophy to Miss Mertice Hood, reservations man-

manager of the local office. The local office won the trophy for having the highest load factor in the organization.

Local Cattle,

* The outstanding feature of the, éiilire local” livéstock trade today was the very light receipts. It was reported to be one of the smallest in recent weeks yet prices remained generally unchanged for all classes.

(475)

GOOD TO CHOICE HOGS Bute! 120- 140 pounds’ "60- 180 pounds

wh 400+, 220 pcunds 290. 240 pounds 240-270 pounds 270% 300 pounds 300- 330 pounds Spl 350 pounds Med 160-" 220 pounds Packing ‘Bows

Good to Choice— 270- 300 ‘pounds 300- 330 pounds 330- 360 pounds 360- 400 pounds

Good— 400- 450 pounds 450- 500 pounds Medium— 250- 550 pounds ...........0 [email protected] Slaughter Pigs Madiup Good— 90- 120 Ry Asa RAR 16.6 CATTLE (225) Cholce— sapataans . [email protected] 900-1100 bounds . 18.506020.30 1100-1300 pounds ........ 18. 500 20.3 30

DEDICATE ARMY AIR UNIVERSITY

Fliers Hold Key to Peace, British Visitor Says.

MONTGOMERY, Ala., Sept. 4 (U. P.) —High ranking American and British airmen, dedicating the U. S8.s new A. A. F. air university here, emphasized that “peace depends on aif power.” Both Maj, Gen. Muir S. Fairchild, head of the new training. institute which will train 3000 hand-picked officers annually, and Air Vice Marshal Sigh Hugh Lloyd of the British Royal Air Force, declared yesterday the security of peace, and welfare. of both nations, depended upon education and advanced training for fliers. ; Gen. Fairchild, speaking in the presence of Gen. Carl Spaatz, A. A. F. commander, and other top American officers, bluntly "declared the preservation of peace, “on terms acceptable to us,” is the primary mission of the army air force, ‘Pre-War’ System “This will be a pre-war, not a post-war school system,” he said. “Student officers here will be educated to lead invulnerable air forces in future war. They will not spend their time on the obsolete thinking of the past.’ »K He warned the university would break sharply with traditional military education concepts—which

“ot

Sir Hugh “declared that “for many years to come, peace must be based on = security — and security on strength. The present and future of that strength must rest on air power.”

PITTSBURGH POWER

WALKOUT IS VOTED

PITTSBURGH, Sept. 4 (U, P).—

‘| Employees of the Duquesne Light ‘| Co. voted last night to strike, if '| necessary, to gain their wage and

working condition demands. A strike would eripple industry

. and transportation in an 817-mile

area in which 1,500,000 people live. In a secret ballot, Duquesne Light

Featured by Light Receipts

~rely on rigidity of Thought i and doctrine.

Hog Trade

1306-1500 pounds _ ; 18. 80630. 30 Obodi:: :

oor wl

700- 900 nds 16. 004 18. 3 1100 pounds oie 16.00 1100-1300 Pounds a’ 16.00 18: "30 jaes.150 500 pounds ..avevesenss [email protected] 700-1100 POURS .1icrevssiss [email protected] 1100-1300 pounds ......ivee00 [email protected] OMIM Of 700-1100 pounds .. .....c0000 9.50012.00 Heifers Coo. 500 a 20.30 - NAS vie vnenee pou 1s $0 20.30

800-1000 pounds Good— 600- 800 pounds 800-1000 pounds Medium— . 500 900 pounds Common-— 500- 900 pounds Com (a) | weights)

[email protected] 15.00

[email protected]

Good 13.00@ 19.50 Mediu um ‘ond . [email protected] Cutter and contmon ...... [email protected] Canner 7.00@ 8.50 Bulls (all ‘weights) Beef— Good (all weights) ........ 13.00913.55 Sausage QOOQ. + ovieisinirerinnnsnn [email protected] MOGI. + ais earn nase 10.00@ 11.00 Cutter and common ...... . 10.00 CALVES (250)

Good and choice ......... 18.50 Sotimon and med! gh 1130

Feeder and Stocker Cattle and ga on

Steers choles 800 pounds .....co0v0vee [email protected] 200-1 050 pounds ...eeeee veves [email protected] Good— 500- 800 pounds ....ecoveee oo [email protected] 800-1050 pounds ...cesevvenss [email protected] Medium 500-1000 pOUNAS «eovvsnsscrss 12.50014.00 omhon— 500- 900 pounds ............. [email protected] SHEEP (625) Ewes (shorn) > Good and choice ............ 6.500 1.50 Common and medium ....... 6.00@ 6.50 SPRING LAMBS Choice and closely sorted .... 19.00 Good and choice ........e0.., Nein AL EES we ah th [email protected]

: Mediunr and good

Public Library -

Business Books

"SPEED PRUNING OF U.S, PAYROLL

| White Collar Employees Are

Feeling Ax.

By DOROTHY WILLIAMS United Press Staff Correspondent WASHINGTON, Sept. 4.— The budget bureau is ordering dismissals among the 2,467,000 government erhployees at an even faster rate than demanded by the economy-minded 79th congress, Nw This especially is true in the case of the so-called white-collar workers in executive departments. Congress set a Sept. 30 ceiling of 528,075 such workers when it passed the new federal pay raise act. Budget bureau order's, however, will push: the number even: below that ceiling by the end of this month, “Stenographers, = secretaries and clerks are among those who will be hit by the white-collar cuts. Budget Director James E. Webb has announced the number of all government employees will be . cut more than 104,000, to a 2,363,300 level, by Nov. 16.

Critics Not Silenced

The administration's drive to| slash the federal payroll has not| satisfied all critics of federal spending, some of whom continue to pro- | test bureaucratic overstaffing. Chairman Harry F. Byrd (D. Va.) | of the joint congressional economy | committee, , recently charged that | departments were “manufacturing” | government jobs and shuttling employees between agencies to maintain swollen payrolls. On the-question of alleged “loafing” by government employees, an informal survey of representative! departments and agencies produced | « evidence that could be cited by both critics and ‘defenders of the federal worker. There was some loafing in some | offices observed, but no generalization could be made. In other offices, | workers appeared normally busy.

Leonard Van Vieet, U. 8. bureau of mines safety Instructor, models the latest in protective garb for miners during Southern Appalachian industrial exhibit at Mt. Hope, M. Va. He wears a safety lamp in his crashproof helmet; featherweight dust mask; shatterproof spectacles; coverall tied in at shoe-tops; self -rescuer on belt, safety shoes.

RETAIL CLEANERS TO MEET New methods of cleaning and a discussion of glass fabric are among | subjects to be discussed at the In-

dianapolis Retail Dry: Cleaners 'In- "| stitute tomorrow at Murat temple.

WEDNESDAY, SEPT. 4, 1948 Suifed to Safety

PICKETS PACE

Standstill,

By KEYES BEECH Times Foreign Correspondent HONOLULU, .,T. H, Sept. 4-= Pickets paced the cane fields of 33 plantations on four Hawaiian ise

principal industry-Asugar— was at a complete standstill. The International Longshoremen and Warehousemen'’s union spokes man said that more than 25,000 workers had obeyed ‘the call to strike at midnight Saturday, after last-minute negotiations between the union and the plantation own ers falled to produce a settlement,

Union officials said today that the strike was 100 per cent effective today, and sources close to the I. L. W. U, dominant labor force in’ the islands and representative of agricultural as well as water= front workers, said that the strike ers were prepared to hold out ine definitely, if necessary. - Industry spokesmen said that the strike was costing the workers $121,000 in salary a day. They added that if the strike lasts 10 working days, all of the industry's gain for 1946 .will be wiped out. Of more interest to consumers in the United States is the fact thas Hawail produces 14 per cent of the country’s sugar. The four basic demands of the sugar workers included: ONE: A 65-cents-an-hour minie mum wage. TWO: Reduction in the werk week from 48 to 40 hours, THREE: A union shop: FOUR: Joint adminjstration of the so-called prerequisite fund for workers’ housing, fuel/ and medical care. The industry denies the existence

demand and claims that such new cessities are furnished free by plane tation owners.

The following business books are now available at the business, branch of the public library: “MARKETING IN THE WEST," By Nathanael H. Engle. “ELECTRONICS IN anos. TRY,” By George M. Chute. | - “THE BUSINESS LAW OF AVIATION,” By Lillian G. and! Géorge O. Dykstra. | “GOVERNMENT STATISTICS | FOR BUSINESS USE,” By Philip Hauser and W. R. Leonard. “OCCUPATIONAL INFORMA- | TION,” By Cagroll L. Shartle.

'NEW BLOOMINGTON HIGHWAY STARTED

BLOOMINGTON, Ind., Sept. i—| Governor Gates was scheduled to- | day to turn the first spade of dirt for a new Indiana highway 37 between here and Indianapolis. Completion of the road is expected in 1847. Accompanying the gov- | ernor were John H. Lauer, chairman-| of the state highway commission, and Commissioners Herman Hart-

B. Thompson, The Bloomington reception committee included John R. Pigg, Chamber of Commerc¢ co-chair-man; Herman B Wells, Indiana university president; Donald E., Bowen, judge of the Indiana appellate court; Mayor Loba Bruner; State Rep. George W. Henley, and Judge Q. Austin East, Monroe county cirguit. court.

'man,. Norman- Schaeffer and- Keller!

Where DO ‘they get

FIND WAY TO USE | SUPER-EXPLOSIVE

. By Science Service WASHINGTON, Sept. 4—RDX,| super-explosive that powered blockbuster bombs and bazooka rocket projectiles, has been given a peacetime job. Too violent to be used directly as a blasting explosive, it will be used in the caps that. set off

Hook Drug Co com .. ....| Independent union members gave RE-ROOF NOW| [ike i-th gna somite. power te Gnas charts - Indpla P & Lom, Yigg call a strike or take whatever ac- ne taps are only Sue a4 ore 8 eig .inches long and less than a Ind iis Water pfd .| tion necessary to gain the deImmediate Ap lication Indpla Water cl A com 8 Son) 5s quarter of an inch in diameter. They n ways com Jeff’ Nat Life com 17 In a stormy mass meeting, 20|8re said to be the smallest blasting INDIAN 8 APANPARBGL | Kingan & Co. cor oo 4% |company proposals were all but|C8Ps ever made. SIDING CO ngan 0. ul Lincain Loan Co 5% pid g # a" unanimously rejected, The proposals Inco. at ife com 7} rc HY] [Chap tases which “the union. has | re > STATEMENT Ath HOMES COM .uv.nssrsrsre 11) » ES —— N Ind Pub Serv 5%....... 102'; 108i | demanded. WASHINGTON, Sept. 4 (U. P.) Gov. LOANS P R Mallory com ‘3 24 AN erment expenses and receipts for the cur- | ¢ Progress Laund:y com... 3 2% rent facal year through Aug 30 com- | ub Serv of Ind ¢ . 33% a2 . pared w a year a Pub Serv of Ind 3'a% pid... 100 102 Tor Last TRUST COMPANY a. Tool oo ele 13 Expenses $6 576,034,827 $16.111,029.680 123 EAST MARKET STREEY (So Ind G & EB 4.3% pid le 13 Recei 4,972.717,205 5.692.466,776 j Stokely-Van Comp pfd 207s Ii% Net ei Bencit L803, 33 831 10419 a Van Cam Ai Ti | : ance 1,361,987 MEMBER FEDERAL DEPOSIT INSURANCE CORP Stokely aw Malieable ...... 8.10 | iness Ally Subtle Debt © 261 924.475.268 203 334. on 104 | U8 Machine COM ........... 3 3% isa Busin Gold Reserve 20,280,128.283 20,087,740,897 EL rail com, Rn INDIANAPOLIS CLEARING HOUSE | Union Title com ........e0u0 3 1% bon Jr sows TTTTTTR LITER | oimie™*01r 2m Hote d Crawiord Furs — Craw I'd FUI'S FOUNDED 1913 17-N. Penn. ik “Operated by Ex-Service Men” "ves SERVING THE INVESTOR Yes! We're modernisi ad vi ing - | Investors Telephone 3s 61 .... ‘ees our store! —BUSI AS U ALY Kuhner Packing Co 4s 64 ....100 .as's . Ind Pub Serv 3%s 73 ...e. 08% 106% ee H It Pub Serv of ind 3%s 7 L.. 107% 108% ami on’ S$ || Pub Ter ats 35 . 100 : i Trac Term Corp S 9 101 DIAMONDS ES WATCHES A Williams LA bs 55 , LO ’ APPLIANCES **Ex, Stock dividend. 19 EAST MARKET ST. TRUCK WHEAT “- apolis flour tnils Chey dian ur 1 and pan ele § 0 ww 0 WE EEE 0, are pay $1.89 per bushel for DIAMOND LOANS NS red Ea Fa $80 MI New York Office r 0. ellow she - ) i per Eig aid N 0. 2 white shelled, ols ey yf . Stock Exchange Building in, Ses AR or Datear,

Wes nde nn SLINGERLAND DRUM [OUTFITS

ENJOY EXTRA EXTRA

CONVENIENCE:

SECURITIES

“Bank by Moll or

AMERICAN : A MOIARAPOUS

5 East Market Street

THOMSON & MCKINNON

z1 Wall Street, New York I Braiding in 35 Cities Wiis for our Monthly Bulletin on Current Investment Opportunities

MEMBERS NEW YORK STOCK EXCHANGE AND OTHER PRINCIPAL my SECURITY AND COMMODITY EXCHANGES wo

COMMODITIES . MArket 3501

WHERE DO THEY GET THOSE HATS

TOM BRENEMAN AND HEDDA HOPPER

those hats? That chic numb

TOM BRENEMAN in the picture above belongs to Hedda Hopper. Hedda visited Tom on the famous BREAKFAST IN HOLLYWOOD pregram, she and Tom engaged in a mad hat competition. Hedda’s head was borrowed from a woman in the audience, while Hedda’s own hat sat trimly on Tom’s brow, until it was given to one of the guests.

TOM BRENEMAN’S

REAKFAST IN HOLLYWOOD

Radio audiences from coast to coast enjoy the antics and the entertain-' ment offered by TOM BRENEMAN, his staff and his guests every forenoon at 10:00 (Monday thru Friday) when it’s time for radio’s. most sensational program, BREAKFAST IN HOLLYW 00D. Don’t miss all of Tom's special features. .

Daily . . . Monday thru Friday

10:00 A. M.

er being displayed by When

The hat on. - +

My True ‘Story

ue Glamour Manor

Hymns of All Churches .. The Listening Post Breakfast In Hollywood .. “Home Edition” News Ted Malone (Mon.-Wed.-Fri.) .........coievenivee 10:45

Radio’s FINEST programs . . . all forenoon The Breakfast Club

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HAWAII FIELDS

Sugar Production Is at a.

lands today ‘as work in the terris. |tory's

of the fund mentioned in the las§ -

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Rhythm at Rhythm at Pearson a Gilbert

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WFBM 126 (CBS)

6:30 Early Birds 6:45 Early Bird:

7:00 News—Bin

15 Rhythm an :30 Mrs, Farrel 8:45 Mrs. Farrel

—————————— 9:00 Joe Powers 9:15 Joe Powers 9:30 Evelyn Wir 9:45 Bachelor's

10:00 Art Godfre: 10:15 Art Godfre 10:30 State Fair 10:45 Rosemary

11:00 Kate Smith 11:15 Aunt Jenny 11:30 Helen Trer 11:45 Our Gal Su

12:00 Gilbert For

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A&M, 6:30~Hymntime

8:00—Trailblaze 8:15—News—Chi .8:30—Morning ! B:45~Morning } 9:80] ing 1

9:45—Joyce Jord

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