Indianapolis Times, Indianapolis, Marion County, 23 October 1946 — Page 14

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NEW YORK, Oct. insurance experts warn, is-an » in insurance “protection.” Buy good, forthright insurance issued by reputable comjes, by all means, they ad- .- But check with great care those offers by mail, telephone and doorbell ringers of outstanding bar-

| gains too good to be passed up. ; of thousands of fam-

all over the country, are being victimized by poli ; legal but w fine |“total disability that few read and fewer would causes while actually engaged in anderstand—give the companies alll farming.” It makes it very uns likely that you ever can collect. ‘After 1048 comes in, the federal ent will be in a position to|thumb, oD te the writers of such poli= cies under the fair trade practices

code. The U. 8. can insist that their advertisements and their promises and their ‘labels should, be toned down to the level of their policies’

By 8. BURTON HEATH BS

been wrecked,

‘ that are

Elmer

by a horse.

Fine Print Somewhere in the Clause Might Give . ‘the Company All the Breaks.

Som now to the end of 1947, ideal time to beware of “bar-

train lurched, Within a few min~ utes she died from a heart attack. She, too, had been provident enough to pay for accident insur ance. But her policy provided that her family could not collect for her death unless the train had actually

There is a policy aimed especially at farmers, supposed to pay for resulting

Meyer, a Pennsylvanian, bought such a policy. While splitting wood, he severed his left A neighbor who had’ a similar policy had his foot crushed Neither could collect.

Benefits Are Limited

It developed that the fine type limited benefits to injuries received while the policyholder “had actual contact with and while operating a

Barons Fight

50 AHEAD WITH PLAN TO SPEND FOR EXPANSION

«Industry. By EDWIN A. LAHEY

Times Foreign Correspondent ', LONDON, Oct, 23.—Somebody in Britain is getting played .for a sucker on a grand scale. The labor government says it intends to nationalize the steel in-

dustry, through pre-emptive purchase of majority stock holdings in the basic steel corporations.

But the steel trust is betting

THE INDIANAPOLIS TIMES

gainst Government (

es... WEDNESDAY.OCT.2, 148

Ywnership

Indianapolis railroad fans will $30,000, is a one-fourth inch scale have their heyday from Oct. 28 to|model of a Cross section of the B. Nov. 7 whén the Baltimore & Ohio|& O. road. Its equipment includes will | prototypes of the line's passenger,

iniature operating rallroa

from

$320,000,000 that the government is kidding. oe : Members of the British iron and steel federation, as snug an organization as any exclusive club on St. James st., are spending that amount on modernization of their plants. The objective is to increase ingot capacity from 14,500,000 tons per year to 16500000 tons (about 10 weeks’ production in the United States). : The foreign visitor at Steel House, home of the federation, gets the impression very clearly that the industry would not be going full steam ahead on its expansion. program

From his files come hundreds of |commissioner.

cases illustrating the entirely legal but very costly practices of which insurance-ignorant buyers become |as standard. ‘Consider, for example, the man “Brown” who was returning home to a Pittsburgh suburb from a coal mining village. When the bus stopped at a red | light he got out, slipped on the ice

almost two months, but for 'conso- * lation he had an accident policy. Unfortunately he had not read, or understood, the fine print. It developed that he could collect only if he was actually riding in the bus when he was hurt. Because he was alighting, not riding, he could not collect a penny. Family Couldn’t Collect A West coast girl shipyard worker, standing in a crowded commuters’ train on the way to see her furloughed soldier boy friend, was thrown against & car wall when the

Oak Heaters

lated a city lumber ordinance.

tive.

court.

25-year-old war veteran

administration.

TO CHOOSE

THREE SIZES FROM. STARTING AT thetic.

Most of them will gladly tell you whether the company and the policy are recognized |, unnecessary for the welfare of 700-1100 pounds

Sy er | FREE SULLIVAN MAN OF LUMBER CHARGE ii: Se iimot io set up soins

Russell Skinner of Sullivan yesand broke an ankle. He was lald Up|terday was freed of charges he vio- | industry

It was the third such charge based on a recently enacted ordinance which has been dismissed by the

“We need plenty of lumber here Mr. Van Der Bijl .was a member for veterans’ housing and if such of the. British Iron and Steel Fed- | Common— restrictions as these were removede eration { $00 90 we would be able to get it,” Judge | Niblack said. The defendant is alin London was not to Whitehall, | choice (closely sorted)

MORE REAL RUBBER (chairman of the steel trust. WILL GO INTO TIRES

WASHINGTON, Oct. 23 (U. P.). | Tt don Dre bie Oo made Of club, declined the government in- | rding 10 the civilian ET | vitation to head up the committee g {that would have discussed a plan

A large increase in imports will | make. it possibl , tires of Possible to Hake sllombie rendered after this rejection. ural rubber and the remainder syn-

plant modernization, to the government and the public that their efficiency makes 'nationaliza-

{the nation, Internal Discipline

It was this internal discipline within the industry that frustrated

| committee to plan the moderniza-| [tion and the nationalization of the]

No member of the iron and steel |

Charged with transporting 11,000 federation would agree to sit on] square feet of lumber from Berry, Ala., here and selling it at ceiling price plus transportation costs with- | the agerita. out obtaining a city license, he was praised by Judge John L. Niblack sent for a Mr. in Municipal court 4 for his initia- |of the South African steel industry, “pg

the committee unless the question of nationalization were stricken off

The government in desperation] Van Der Bijl, head

His first cab ride after his arrival |

{but to Steel House. ‘There he saw

1300-15! convince | yo qium —

1100-1300 pounds Common--

be exhibited in the C. H. Wallerich freight Co. showroom, 950 N. Méridian st.| various The portable layoyf, valued at|tives. i

Hogs Down 50 Cents Here:

Cattle Steady;

Hogs were down 50 cents today at

ceipts of hogs were 2000 lower than y

Top price in the hog market was

gilts and barrows..

The general cattle market at the

steady with receipts at 1075, about 800 below. yesterday's receipts. Fat

lambs were up 50 cents to $1 at a $20.

‘Miniature Operating Railroad to Be Displayed Here

* A $30,000 Model Train

and coal trains with. the diesel and. steam - locomo-

Lambs Go Up

the Indianapolis stockyards. Reesterday. about $23.25 for good and choice

Indianapolis stockyards was fully

top.

performance. Inter ae, Cig Hp unless jt were certain that it held Receipts today were 1075 cattle, 8200 hogs, 1200 sheep and 425 calves. decided er, paw, the best cards in its fight against . ; The sup eoyrt hag. dec axe, of a horse, or 8 Wood<saw, en- | ,veriment ownership. i GOOD TO CHOICE HOGS (8200) that insurance is in interstate com- silage cutter, hay loader, pitch-fork, |” d »* . Butchers LOCAL ISSUES " i 8 Years to Expan 120- 140 pounds ............323.00 merce. But the industry was given and not while handling a bull, or . : [30- 148 pounds 3 Hog \ " 1 ta furnished inuntil the end of 1947 to prepare for falling off the roof while shingg,| Another $320,000000 will be ob- i6g- 180 pounds pu ominal _auol ations, furn by p " though all these are normal hazards bli icet | 200- 220 pounds STOCKS the changeover from exclusive state |, lite tained in the public money markel| 9," 949 pounds Asked uf farm life. ‘ - 270 d re ie control to the new joint system. Commissioner Dineen says that for steel expansion. And on top of 340 35 Pous a8 Agents Ea oop com... vee 300- 330 pounds 23.00 8 Insiders say that the fringe com- fone good way of judging whether | this the industry will have about} 350" 355 Dounds «1.000000 © 3% American States pi » panies, who have been getting away an insurance policy is worth buying {$40,000,000 in government guaran- Medium I *L. 8 Ayres vac prd 3% is from th jses th t Ayrshire : with juicy profits, aré out to make ak e prom e ageni|teed loans. toad to Cb Packing Sows Belt R Stk Yds com ‘ Fn as much of a killing as they can makes. The immediate ex Good to Cholce— 8 s ptd .. os sxpansion Pro-| 270- 300 pounds ........... [email protected] | Bobbs-Merrill 4% pfd es before Uncle Sam steps in. I be De SSeS Joo Sine, Took Sk gram will take about six years for| 300° 3% pounce : - Bangnwn Bovbe- Mars) So 2% The criticism centers largely S ood rance 3 baser x wha completion. Jt. 400 pounds 22000320 | Circle, Theater com... a around casualty insurance, There Eas pay for What gives the steel industry its| 400- 450 pounds ...........: 220002280 | Consolidated Industries com’. % 1% are plenty of big, reputable com- : ' calm sense of power, in the face of | 158. 330 Pounds ..c.eeenress @23.25 Consolidated ndustries pd... o Va a panies that sell accident policies. A Bad Risk o Socialist government's expressed| 250- 850 pounds ............ 19.00@3150] Delta Electris com .....:.-: Wn igh They do not like to have much| Any company that got.too gen- determination to take over the in-| == rine Pigs EO Jackson RR pid v3 0 attention \ — jones © A Did.....vv-s 14% iy = te joan i Suis would 8 Mitund and, rT almost military atin en Po ATT 1075) BWR» Hook Drug Co, © Lm : 2a y . { a - n 580 . . business will be given a bad name if it were not hauled up by the In-} _, ye industry is its main re- | Cholce— Ind & Mich Elec 4%% pfd.. 107% 100% f surance department, would still bey y 700- 900 pounds Indpls P & L co deers BYR OT But Robert E. Dineen, New Yorkis pag risk. source. This discpline has been per-| 900-1100 pounds Indpls ao & LA% ea: 108 state commissioner of insurance,| Another good way, he suggests, is fected under the threat of national- | 1109-1300 vo Indpls Water cl A com . disagrees. He wants the public " +|ization Good— Indpls Railways com...... p is insist upon a sample policy if : 700- 900 pounds [email protected]| Jeff Nat Life com cies warned. : there 1s any question in your mind,| Under. it the separate corpora-| cot",766 Dounds ............ 17.50@2200| Kingan & 00 COR -..:: ++ ++ Practices Are Costly Mail it to your state ins ce tions in the steel trust hope, by! 100-10 founds seasesaness 1750@2 %| {incoin 0 id

700-1100 pounds

600- 800 pounds ...

800-1000 pounds ......eecaes [email protected] | Pub Serv of Ind com ........ 36'a 39 300d— ub Serv of Ind 3%% pid .. 99 101%z 600- 800 pounds .......ece0n [email protected] | Ross Gear & Tool com 9 32 800-1000 pounds ...eevcoveee [email protected] 80 Ind G & E 4.3% pid Medium —~ Stokely-Van Camp pid . 500- 900 ‘pounds ....:ceee... [email protected]| Stokely-Van Camp com . Common — e Terre Haute Malleable . 500- 900 pounds ..........:- [email protected]| U 8 Machine com . 1

Cows (all weights)

Good ... 14.00@ 18.00 COMM ..:vssss . Medium . ERE rea [email protected] BONDS Cutter and common .......... [email protected] Canner . 0 6.00@ 8.00 American joan 1% 2 peeans merican an 4%as ie | Beef— Bulla (al] weignts) Buhner, Fertilizer 5s 54 . Good (all welghts)......... [email protected] Ch of Com Big Hi 1 Bes : 14 BIA Columbia Club 1%s 58 ....... Medium a a: 11.506 14.50 gonad] Fin 3 > A aire ’ Cutter and Sammon. « 10.00911.50 | Hamiton Jos Cos "86. ... 97

CALVES (425)

Good and choice . . ... [email protected]| Indpls P&L 3%s 70 ......... Common and medium ...... . [email protected] jndpla Railways co p 57 es: 88 3 Culls (75 pounds up) ........ [email protected]| In S80 ie 0 Js sane P 4 Eo a» Cattl 4 we {nvestors Telephone 3s 61.... 96 9 an cker Cattle and Calves |gyhner Packing Co 4s 54... 99 . Steers N Ind Pub Serv 3s 73..... 105 107 Choice— Pub Serv of Ind 3%s 75...... 105% 07% 500- 800 pounds . [email protected]| Pub Tel 4%s 38 ~~ _ .c.oo.: 100 800-1050 pounds ......eeesee [email protected] | Williamson Inc. 5s 58 NM Good | Trac Term Corp 58 57 ....... 4 98 500- 800 pounds ......ee.... 14 00@16 50 | *Ex-dividend 800-1050 pounds ....sqeecsoe 14.009 16.50 | - aid——————— Medium 500-1000 pounds ........es . [email protected] BLOOMINGTON RADIO pounds : or [email protected] | , SHEEP (1200) STATION LAUNCHED Lambs . . BLOOMINGTON, Ind. Oct. 23

20.50 19.004 20.00 16.00@@ 18.50

Good and choice ........e0:¢ Medium and good .......c.c.000

Sir Andrew Duncan, the crusty Common .. 12.00@ 15.50 Ewes (Shorm) Good and choice ..........e0 7.00@ 8.00

Declines Invitation

After. this interview, Mr. Van Der Biji, as a dutiful member of the

for nationalization. Minister of Supply Wilmot sur-

set up a committee authorized only to discuss modernization.

This committee is now function- |

LOCAL PRODUCE

| 17.25...

ing. And the government is working out the nationalization plan by

We have several “Warm Morning” Heaters for immediate delivery.

HUB FURNITURE CO 414 E. WASH. — FR-0374 nn SHELBY — MA-0453

° PRICES FOR PLANT DELIVERY

under, 2l¢; Leghorn hens 2lc:

: Oc, No, 2 tran No. 1 Sde;

Eggs: 42c; grade A large, medium,

small, 32¢c; grade

25¢. Butterfat: No 1, 82¢ No 3 Meo,

——

We Are Pleased to Announce That : © Mayburn F. Landgraf Will Become Associated With Us as

VICE-PRESIDENT AND, DIRECTOR

vo a

A 2

‘120 E. MARKET STREET

springs, friers, broilers and roosters, 30c; (the final fight Leghorn springs, 26¢; roosters, 16¢c; duck 10c; geese, poultry, ‘4c less [MeNL. s: Current receipts, 54 lbs. to case, | 9c; large, 46c; no grade, [industry

Ia iment and technical staffs went on | { {

| Indianapolis Bond and Share. Corp.

itself. .

| The steel barons, meanwhile, feel | : : { : hy . Teel lplackjacks were stationed at the y , Poultry: Hens, 4'%a lbs. and over, Joe. 'that their weapons will prevail in J | today extended for 30 days the

with the govern-

Ss, |

The steel makers will tightly together, on the assumption that the government could not afIl ford to have“he industry upset, as i} it certainly would be if the governiment took over and the manage-

{}] “strike.”

The Chicago Daily News, In

| |

BOOKS

new books received recently by th business branch of the Indianapoli .| public library. a {rivals are : ®

| Merri Lynch, Pierce, FENNER & BEANE Underwriters and Distributors of Investment Securities "Brokers in Securities and Commodities ; i} Sv Wil - Telephone: Market 6591°

0. J. HoLoer, MANAGER in 88 cities interconnected by ow research information available.

Indianapolis 4

REIN AUT S————" be

LEADERSHIP, by G. E Fosbroke.

MEDICINE IN | Bernhard J. Stern

| NESS, by Joseph Leo Muller,

LE AB AE ESP

® INDIVIDUAL ® COLLATERAL ® FINANCING

REAL ESTATE

LITER

| Common and medium

Times c

ress Ahan:

| “DEMOCRATIC CAPITALISM,” | vain hauer {by D. W. Raudenbush, is among the UNRRA will provide 12 transport

‘COMMON SENSE BUSINESS| TRUCK WHEAT

PRINCIPLES OF BUSINESS OR\GARIZATION. by W. R. Spriegel.

INDUSTRY, by

ESTABLISHING AND OPERATING A SMALL BAWMILL BUSI

8.00@ ad

REBEL FILM UNION | RESISTS AFL QRDER

HOLLYWOOD, Oct. 23 (U. P.).—| | The A. F. of L. International Allilance of Theatrical Stage Employees | today = ordered rebel local 683 |

He stripped of powers and put under rick. account executive; Reed Smith,

hang | orghip and supported the current |

| studio strike called by the rival Conference of Studio Unions

CHENNAULT FIRM TO FLY RELIEF IN CHINA

“| NANKING, Oct: 237 (U.'P:) ~The approved |

executive: Yuan today formation of an alr transport company to carry . Chinese relief ‘and rehabilitation supplies from S8hanghai to the interior-of China A_contract signed with Maj. Gen Claire L. Chennault and Whiting provides that. . the

: planes while Gen, Chennault and S| Mr. Willhauer will put up a cap-

Other new book Ar-|ta] of “$1 million,

1 red wheat (other grades on their merit) corn, new, No. 2 yellow, $1.27 per bushel and No. 2 white, $1.42 per bushel, osts testing 34. pounds or better. 79¢ bushel No, )

ENJOY EXTRA ~ CONVENIENCE. ‘Bank by Mail et AMERICAN NATIONAL BANK

mera “a

Masbar Focharat

Lincoln Nat Life 5'z pid ....

Ma [email protected] Mastic Asphalt Sistanvevers [email protected]| Mastic ASpha’ N Ind Pub Serv 5% n 0014.00) Ind Pub Serv com .... P R Mallory com : [email protected] | Progress Laundry com...

Union Title

Indpls: Brass & Alum 5s 56... 97

{ International : | President Richard F. Walsh to take only in the veterans housing proThese weapons are the skill, the | a. the local was based on findings gram knowledge, and the .control of the |, a trial of local officers after : |

{they broke with international lead- |

~ r

Tpdianapolis flour mills and grain ele: ae vators are paying $2.01 per bushel for No

2 yellow ‘soy beans, 14 per cent molst-| ;

rmon. Herrington com.....

(U. P.) —Radio station WSUA went on the air at 6 a. m. today for the first time. , The new station is the first commercial station in Bloomington. = It operates on a frequency of 1010 KC, Bill Marlowe, program director, said. Other officers of the new firm include Warren G. Davis, president and general manager; Lyle War-

production manager, and Jim Rolfe, chief engineer. WAA EXTENDS ‘FREEZE’

WASHINGTON, Oct. 23 (U. P). The war assets administration

freeze order allowing sales of surplus construction machinery for use

RUSS TO REDUCE ARMY

| MOSCOW, Oct, 23 (U. P.).—The | presidium of the Supreme Soviet has decided to demobilize the next senior age group of soldiers and non-commissioned officers in Soviet army :

Feel Safe. e

and . Be : Be Safe!

Grain Dealers’ financial 1 statement shows Assets ~above 5 fnillion dollars and policyholders’ Surplus above 2 million

dollars.

ven

wpe

"GRAIN DEALERS | MUTUAL AGENCY, INC.

The system is operated from a master control box, with T4 relays

governing train control. *

f M | M

HOOSIER TOURIST - |Landgraf Named As Vice President :

+ BUSINESS DOUBLED| 2 esider yburr F. Landgraf has been

The nationwide tourist boom 18|elected a vice president and director scattering its blessings over Indiana|,¢ the Indianapolis Bond and to the tune of about $250,000,000 this| corn. and will assume “office N year, the state department of com-| 1st; it. was anmerce and public relations reported |nounced ‘today. today. hos A A Butler . uniLt. Governor Richard T. James,|yrrp, STacuste, department director, said- the total|peen active in doubles the previous record set in|financial and in1039. According to executive Di-|dustrial circles as § rector Paul Ross the figure is based|an analyst for on checks of hotel business, state|the past 13 years, park patronage, convention bureau|He is well known statistics and requests for tourist in-|for his study of formation received by various|market cycles and agencies. their relation to Average daily spending for each business and investments. visitor to the state was around $10,| Mr, Landgraf has written for proe Mr. Ross said, as compared with a|fessional journals and lectured as pre-war average of $6, Butler university, where he is a

member .of the Alfred Marshall | U.S. STATEMENT

society of economics. 2% (U. P.).—Gov+

the

Mr. Landgrat

signals, switches and| waAsHINGTON, Oct.

ernment expenses and receipts for current fiscal year through t. 21

NEW FIRMS AND

WEDNE

MRS. T!

LONG

Mrs. Clint Hoosier natiy

. resident for 24

in her home, She had been as 73, / Trs. Talkin the United Columbus, In be conducted B: Miller Pri the G. H. Her Burial will f The Rev. Mr df the Oliv

church, * Survivors of clude her hu Mrs, Phoebe her son, Carl byville; two John Smiley grand-daught grandsons.

the |.

0 i po RO

R: B. White, Baltimore & Ohio president and former Indianapolis

sponsored by the Chamber of Commerce, will open Nov. 7 at Union station.

pared with a year ago

Som PARTNERSHIPS

This Ye Expenses ...$11,213,971,671

INDIANAPOLIS CLEARING HOUSE

Cana satte aes a saa saes 21,224,000 | 1

seemseR RAE RIB NY $ 7,244,000 | in, st.

urst dr, - Central Improvement Co., 607 W. Washe Storm doors, ete. J. W

440 Beecher.

Last Year resident, Tequesied that the model Receipts en 111286 10.768 "id sam dol 3s Wash Realty Co. 607 Ww } elle . . Bed] » y hy * . be shown here to stimulate interest |2eCeh 2 iio0 §092'366,954 13.647,032,087| Washington st estate. James W, in the permanent Indidnapolis in- |Public’ debt 263,747,606,563 262,091.350813 Baker, 3440 Bees chek) dustrial exposition. The exposition, [Gold reserve 30,303.923.070 20,038,503,811 {11a Retailer of I im iy lies. Wm, Castleman, 9 “8. Lyne

. Baker,

Keeps he:

_ 1740-N, Meridian ~~ WA-2456 wr . W 9 2 ' ,

wl i yi pe i Sli mi ¥ 2 : A JE PORTS Dl . . FTE nts AR . “ail lgh Yan Gh ita sah

hE “ » le iy

laundry. $ a Sizes 4-6 : Ch He O.P.A. Priced from $24 to 29.50 Black precision-tailored : coat with back pleat—only one of this marvelous collection of warm, style-right coats! The ma-- 2 ct {i "terials are all-wool fleeces, suedes, shet- Our S lands, tweeds and wool - faced fleeces. . ig They'te for misses, juniors, women and Price : half-sizes. Sr Jl : Wraparounds, Chesterfields, Classic boy coats, Te ‘reefers, shorties! I or : . Black, Brown, Red, Blue, Green, Grey, Navyl — : © “WASSON'S DOWNSTAIRS BUDGET FASHION COATS * Fille