Indianapolis Times, Indianapolis, Marion County, 30 October 1946 — Page 16

ilings | Robert R Waor Manufacturer’ s President, To To Address Industrial Conference Here

yw finance id U. 8. Rubber Co, ot Program for Prosperity,” ter Chamblin Jr., vice — in oo of legislative relations for N. A. M, on “Legislative Hori-

sponsoring committee of 26, headed by Mr. Teetor. Members of Commitiee Included on the commitiee are: Elias C. Atkins, Drumaent and william A. Atkins, vice president, E ©. Atkins & Co.; Edmund Ball, Ball Bros. ( Bros. co. Harry Ww. Bockhoft,

DRUBCISTS T0 HONOR LILLY'S

Josiah K. and Sons Will Be Guests at Dinner. Josiah K. Lilly, board chairman

Lilly and J. K. Lilly Jr, will be guests of honor at a dinner given by the Indianapolis Association of Retail Druggists tonight at thé Columbia club,

Speakers at the dinner will include Dovstmor. Sua and Mayor

Tyndall, Dr. P. Fischelis,

Druggists.

Other members of the Lilly firm| }

to attend are E. G. Eberhardt, Dr.

"| Francis E. Bibbins, John 8, Wright, Charles J. Lynn, Edward Zink and

B. R. Mull. Druggists Represented

Kiefer Mayer.

school of pharmacy.

ES TO CHOOSE "STARTING AT

Li 25 oo vr

delivery.

1113 SHELBY — MA-0453 inna Nn

We have several “W Mornihg” Healers for immediate

high points of the history tha

company in the world to the positioh of one of the largest.

son, Larry Heustis George

Roesch Jr, Willlam Rossiter, Ric Teeter, Ralph Walrod, Warrick. Also present will

ceutical association,

FORD CUTS OUTPUT

Motor Co, said today it woul

Priday—-a slash of 400 vehicles day—because of a shortage.

Ira

SAVE REGULARLY! T "COLONIAL"YOUR SAVINGS ARE.... INSURED! AGAINSt LOSS UP TO $5,000 By Avency of Federal Government

of Eli Lilly & Co. and his sons, Eli

secretary of hy oe Pharmaceutical association, and Dr. John W. Dargavel, executive secretary of the National Association of Retail

Indianapolis wholesale druggists -\will be represented by William J.|] Mooney, G. Barrett Moxley, and A. Dean Edward H.|

versity school of pharmacy while Dean Glenn L. Jenkins of Purdue university will represent the Purdue]

Mt. Lilly Sr, who will respond for, the Lilly firm, will give some of the | Medium—

brought the smallest ii gr pon, JB

Members of the Indianapolis As- | sociation of Retail Druggists who! will attend are Keller Brock, Floyd | ed (all weights) Cox, Tom Donalan, Ray Fisher, | | Ba ushge William Ba William HenderChris Iverson, Lanigan, Russell Manring, 120 Merz, Bd. Roesch Sr, Fd. com

and Wayne be

Gordon A. Triplet, Osgood, Ind, president of the Indiana Pharma-

DETROIT, Oct. 30 (U. P.).—Ford

curtall production of passenger cars and trucks by 10 per cent starting

sheet steel

, Walter Chambiin

dent and manager of the NaPron Automotive Tool'to.; C. Harvey Bradley, president W. J. Holliday & Co; C. 8 Beardsley, president Miles Laboratories, Inc:; J. E. Cady, manager U. 8 Rubber Co.; Joseph E. Cain, president P. R. Mallory & Co, Inc; Fred Holmes, president, Duncan HBlectric Manufacturing Co.; H. A. Lightner, president the Deluxe Products Corp.; H. M. Messenger, president Messenger Corp.; C. N. Nau, president and treasurer United Boller Heating & Foundry Co.; E. A. Nicholas, president Farnsworth Television & Radio Corp. Q. G. Noblitt, chairman of the board, Noblitt-Sparks Industries,

At Yards Here:

Hogs were steady to 25 cents lower at the Indianapolis yards|co this morning as receipts dropped to 7400 from yesterday's 8725. Vealers were up $1 to $2, while cattle trade was dull and off in some cases $1 to $1.50. Lambs and yearlings lost 50 cents to $1.50.

GOOD TO CHOICE HOGS (7409) * Batehers

vse Ne 8 0a71.s0 mon Herrin op §% 71's at an annual rate of $4,600,000,000. 003498 N' nd Fut Sars 5% RZ A ) ry ‘. 1 4 . Pub Serv com ,. 17% Sime Toe sf Fai 1 f° PLANS END OF CURBS CERES L rR T 1100-1300 pounds ............ 14.00 18.00 { Ind com ris 2» Ceo pounds 11.509 14.00 hy ser of ing Slax m., ne 5 ON CREDIT {BUYING Heifers ‘ S0'ind © & x in Spa 113% WASHINGTON. Oct. » w. £2). B00- 800 pounds ............ 22.00@ 27.00 | Stokely-Van Camp pla Ll sy, |—The eral reserve boa conCam cere H% 26 306.1000 pounds ............ 2.00827.00 Tears aie RA " TH sidering removal of installment00- 800 Pounds ............ 16.50@ 22.00 BOING COME .....:40400s “buying restrictions. All clothing and B0O- United Tel CO B% «..oovevers 9” pig See aude svuvvesseer nian n Union This OB rarer “2 «os |durable articles, like refrigerators t| B00- 900 pounds ............ 13.00@ 17.00 BONDS and radios, costing less than about oo 900 pounds . ... [email protected]| American Loan 45s 60 ...... n «++ 1850, are affected, an informed Cows (all weights) Ametican Loa 4%8 3M ...... 3 » said toda . Buhner Fertilizer 58 54 ...... 97 ....|source sa v. hor od _ og 1300 | ol Com Ee {ih & 103 ....| Check reins oh charge accounts Sutter and’ commen 1isdiise Columbla Club Lae 88 -aeiiis 8 +++ | also would be removed. s : Consol 8 88 .. .p0eaenre . Balls (all weights) | Ramiton ure Co te 34 1.0. no The board, it was said, probably Hoosier Crown 5s 06 .. ..... += lwill not relax its wartithe curbs oh avian [email protected] | Indp) Brass & Alum 5 56... 97 3a He 8.50) | indpib Ril, Was hy “i 108% 1 installment buying until next Janiia ’ vee ndpis Rallways s cas ha Yom ere, 10.00€014.50| Ind Asso Tel Co 38 75 .......108 3 |uary—after the Christmas shopCutter and common «10.00 Hi Investors Telephone 38 61... % » |ping. CALVES (350) Kuhner Packing Co 4s 54 .. bp - Good and cholce cer... 3300@28 00! N Ind Pub Serv 3's 1%...... 18 107 No decision has been reached yet QoMimog and medium FO it 30 23 00 | Bub Bary of md 3s 78... i 107% on whether furniture would be] Kk | Cu pounds up) 12.00915.50 | Pu a ak ““""lfreed f h lations Willlamson Ine 5s 88 ........ ” .... | freed from the regula Tovim and Stocker Cattle and Calves Trac Term Corp 8s 57 ....... ” ’” Ghai Steers *Ex-dividend. §O0- 800 pounds ............ na LOCAL PRODUCE oor) Pounds SGT. TRUCK WHEAT 800- 800 pounds .....oeiuees 14.00@ 10.50 PRICES FOR PLANT DELIVERY 800-1050 pounds 14.00@ 16.50 Poultry: Hens, 4% Ibs. ahd over,

Medium 500-1000 pounds Common 500- 900 pounds SHERP

(3028)

Lambe Choice ¢ (closely sorted) ns

WASHINGTON, Oct. 30 (U, P.

country’s cotton exchanges

increase November cotton prices,

since the 26-year highs of Oct. The price control law OPA

Under this law

vo [email protected] | 1 new, No.

COTTON PRICE FALLS; (CLOTHES RISE HALTS

—Because of price slumps on the this

month, OPA said today it will nox PARTNERSHIPS i

textile | Cotton prices have fallen $50 a Bale

Co., poi ay wd moi fe Mean a; to readjust cotton textile) H. Walken 50 8 prices to reflect raw cotton costs. sylvania OPA has made Ja monthly increases since July total. fng 225 per cent in cotton fabric

H E Humphreys

Ine: ©. O. Oberly, president and chairman, Tokheim Oil Tank & Pump Co; R: A. O'Connor, president the Magnavox Co.; C. O'Brien,

tric Switch Co.; A. O. Pfaff, president. American "Foundry Equipment Co; James Royse, president Thomson-Symon Co.; W. R. Sinclair, president Kingan & Co., Ltd.; Phil T. Sprague, president the Hays Corp.: W. B. Stephenson, president Delta Electric Co.; George E Stoll, general manager Bendix Aviation Corp.; Guy A. Wainwright, presi- | dent Diamond Chain & Mfg. Co,

Hog Prices Steady to Lower

+ Receipts Drop

Shed Baruk enn gne NR aan a dss -16.509 20.00 diam and Bo Ban eed aA 12.00916.00 4 ah Ewes (Shorn) 1.00 800 Good an OE +. ius snnnin 4 . Common and Medium Aersbene ne 1.00

LOCAL ISSUES

Nominal quotations furnished by Indianapolis securities dealers:

STOCKS

1 Ayrshire Col com ...... BAGH Aa 23.7% ls pid... ....... 23. Jobbs-M 4%% pid i 230 3 Botta anes 23.50@133. 79 Cen Soya cking Sows Circle Theater com doer a Comwlth Loan 4% pid’ pas to Cholce_ Consolidated Industries com.. % 1% pounds .35@ 23.75 | Consolidated Industries pid . 3% 4% pounds 38 28.50 | Cons Fin Corp pfd........... 7 ao: 3 pounds [email protected] | Delta Blectric com. ....-...... 14% 16% j9. pounds 22.006922.50 | Electronic Lab com 2% 33 Ft Wayne & Jackson RR pid’ 93 ” - 38 pounds RnR N Herff-Jones ci A pad iris 14% 18 330 pounds [email protected] | Hook Drug Co com ......... 24 26% my 1 7g Ind Asso Tel Co 2 ios ; 200- 530 pounds ............ [email protected] | Ind & Mich Elec 4% XA pid...108 110 Slaughter Pigs Indpls B & L com .......... 26 28 ugginm to Good— Indpls P & L 4% p a’ j08 a 112 pounds Indianapolis ater pid. ...... ‘ ci + Naan Indpls Water cl A com...... 19% 21 (catTLE (ies Indpls Railways com 15% Jeff Nat Life com 117 Ringan nl Co com ’

Co pid ' thos Loan Co 5%s pid....100 Lincoln Nat Life §'% ¥ eee 11%

mE INDIANAPOLIS TIMES

was president A. D. Cook, Ine. J. T. fatOsler, chairman of the board, Con-|ly there would be no recession. But tinental Foundry & Machinery Co.; [ke was certain it wouldn't help to Albert Penn, president, Penn Ele¢- | go around looking fot ohe.

; taling only 2,070,000.

30 |in great volume, Mr. Small skid, »** ino additional overall production in- ...| creases can be expected without ‘| expanded capacity for basic ma-

. | cotton and woolen cloth. ‘iresult of low slaughter rate.

{rate set in 1925, the all-time record 4 year. Currently home building is

BUSINESS—

WARNS OF TALK OF DEPRESSION

Gossip May Cause Lag, CPA Heads Say.

WASHINGTON, Oct. 30 (U. P), op Darping on the oe vitaINy business recession. You may ey us into one. That was the word today from John D. Small, civilian production administrator, “Even If a recession comes,” Mr, Small added, “I don't think it will amount to much.” Mr. Small yesterday handed oud

they were the same people who at V-J day were predicting widespread unemployment by last Christmas,

Urges Compromise

temptation to price themselves qut of a market, And he called for “as spirit of compromise” in settling wage adjustments. He predicted an early decline in the prices of food and textiles. But these won't be so severe they will damage the farmer's purchasing power, he added. He said civilian employment in September declined by 600,000 to 57.400,000. Income payments, at the rate of $165 billion a year, were off somewhat from an earlier peak but were still 6 per cent above V-J day. Farm income is up 20 per cent, Unemployment remains low, to-

More Building Materials Although goods are being produced

terials, The shortage of steel, he added, permeates the ‘whole economy. Building materials showed good increases in September, he said. So did most consumer goods and

Shoe output dropped another 11 per cent to 41 million pairs, the

Residential building for- the second straight month exceeded the

red wheat (other grades on their merit);

and No, 2 white, $1. testing 34 pounds or better, T9¢ bushel

ure. 3

prices to cover raw cotton in-

4 Indianapolis flour mills and grain [email protected] | Yaloks are paying $2.03 per bushel for No.

3 yellow, $1.26 per bushel, 40 per bushel; oats,

i No. 2 J tlow soy beans, 14 per cent moist.

under, 2l¢; Leghorn Fpeings, friers, broilers A Leghorn springs, 25¢; 10c; geese, 10c; No. 3 than No. 1,

grade B large, 42c; ne grade, 2

creases.

y. tile prices for November,

NEW FIRMS AND

But this month's price drops on! the exchanges, OPA said, makes un-| necessary any recalculation of tex- |

Butterfat: No. 1, 880; No. 3, Be. : Eggs: Current receigits, 54 Ibs. to hy 38c; grade A large, ; mbdium, "le:

(left to right)

were Tetas Co.; M. A. Mise,

Unveiling of a bronsé and walnut plague in henor of James B, bers of the Friendly Indian organisation, who lost their lives in w memorial service held recently fn the Indianapolis offices of the Texas Co. Participants in the ceremony Vernon Rice, Ft. Harrison chaplain; Dixon Guy, division manager for the y Indian organization president; Walter Hochuli, New’ York, general sales manager for the Texas Co, and 8. C. Bartlett, Chicago, assistant territorial

hah WEDNESDAY, 0CT. 30, 1948

off Hundreds Of | Consumer fame

_ Plaque Honors Two Men Who Died in World War 11

Carroll, meme

Fr. the feature of &

manager for the Texas Ce,

BRITISH FROWN

ON FOOD BOARD

Suggest More Sweeping Control of Commodities.

By GRANT DILLMAN United Press Stall Correspondent WASHINGTON, Oct. 30.—Britain suggested today that plans for an independent world food board be scrapped. The British suggested a more sweeping international authority controlling SUNOS such as rubber and metals as we! as food. Combined with United States op-

current meeting of the United Nations food and agriculture organization. Britain handed a 23-page report to the FAQ preparatory commission here. The report expressed Britain’s preference for an international authority with control over many rather than single commodities. Britain said it believed the most suitable agency would be the commodity commission of the proposed international tradé organization now being set up in London. Suggest Temporary Commission Since it will be some time before the ITO can be operating, however, the British said FAO should set up a temporary commission to deal with commodity “problems. They said wheat and other cereals, sugar, tea, coffee, cocoa, certain fats and oils, cotton, wool and rubber would appear to justify study as possible commodities to be brought under international control. The British indorsed the prineiples of stabilizing international farm prices and improving nutritional standards in low-income countries. But they frowned on the idea that a food board alone would be enough. “All primery commodities and all commodity problems must be dealt with by one single international organization,” the report declared,

PROFITS DECLARED U. S. SPARK PLUG

the U. S.chamber of commerce, advanced the statement today that the “real danger”

profits.” In a speech to the national asso-

under Communist control,

production.”

SC ————

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TEER bl

MIAMI, Fla, Oct. 30 (U. P.).— William K. Jackson, president of

to the nation is that the “engine of enterprise may be deprived of the spark plug of} '

ciation of commercial organization secretaries, Mr, Jackson said that the profit motive has been made & “cardinal sin” in parts of the world The Soviets, he said, have indorsed their own profit system by paid differentials, bonuses and piece-work|.

American business conditions in

{the next year ate likely to grow

worse unless many OPA ceilings aré rapidly eliminated and unless Washington stops encouraging

told today. Philip J. Page, vice president and general manager of the Chicago Journal of Commerce, expressed these opinions, speaking at the club luncheon at the Antlers hotel #The rise in labor and general business costs is not encouraging,” Mr. Page said. Capital Structure Squeezed “General Motors (Corp.) at the end of 1944, had a working capital of $003400,000,” He asserted. “At the end of June of this year, it had $852,200,000.” “What is squeezing the capital structure of such industrial giants is operating in the same fashion on all American businéss big and small alike,” Mr. Page declared. The speaker said bankruptcies

strikes, Kiwanis club members were:

Kiwanis Club Told Business Suffers as Labor Costs Rise

since May have doubled. “Retail trade will continue to be good because of the immense spend. ing power in the hands of people willing to buy many things they don’t need,” Mr. Page said, “None theless, basic industrial production will merely lag and limp along.”

TWO LAWYERS OPEN NEW OFFICE HERE

Jack C. Brown and James O,

who have been associated with the law firm of Baker & Danitls the: past two years, have antiouncéd the opening of offices for general practice of law at 621-822 Lémcke building, Mr. Brown 18 & graduate of Indie ana university and thé Columbia law school. Mr,” Courtney is a Butler university graduate and ree ceived his law degree from Indians

university,

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