Indianapolis Times, Indianapolis, Marion County, 15 November 1946 — Page 28
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FOOD COSTS SOAR SINCE JUNE 28
MINNEAPOLIS, Nov. 15 (U. P). Butchers : : : : : : : : - 140 d 25.50 t Government Economist Predicts General Drop in Prices —Americans are going into debt by| 120: 140 pounds by TO REPORT EARNINGS |™° maritime steiks and ureatenied fis : installment purchases twice as fast 40. ju Dounda . 3. About 5000 Indi . to curtail operations. Soon After the Holidays. as at any other period in history, | 200. 220 pounds ............ [email protected] ndlana veterans have| yy wag the third successive month survey showed today. 320- 340 founds > + 35.0¢228.05 been removed temporarily from rolls| hat millers have been authorized y ov. 13 _P.).—Government officials The rate of credit buying has| 270. 300 pounds . 25.50 of the U. 8. veterans’ administration [to start on quotas f WA y. ¥ reached an all-time record, accord-| 300- 330 pounds 26.50 for failure to report earnings d 9 OF the Sollowing c ~-time , - . . 25 5 £5 dur- month. reported today that food costs have gone up 56 per cent BE i No ocr. National J. 0 pounds 25.50 tig ATEUDt. BRRIOtF act Soto order authored mills 4 Step since June 28 but predicted that most prices would begin Life Insurance Co.'s family eco-| 160- 220 pounds ............ [email protected]) Each has been notified of hisjup domestic production to keep dropping in early January. ’ ; on , nomic bureau. Goud to, Cole" PBR Sew etwe ti report, VA officials an-|them operating at normal capacity, An OPA official said the aver- The “Do-It-Yourself—Or-Stay-Out-in-the-Cold” G. I. home de- | BWTINg a recession, total indebt-) 0- 300 Pounds + #18@2 36 | nounced. Married veterans receive | Millers are permitted to turn out 85 Malin i Mh edness probably will set a new all- Ww $200 monthly, while single ones are|per cent of last year’ duct: I velopers talk things over. Wally Moorman (left) and A. M. Harmon 330- 360 pounds . «eo [email protected] year’s production age rise in all prices since show. a plan to Miss Gertrude V. Brown who helped launch one of the time record early in 1947, the com-| 360- 400 pounds ... . [email protected] | limited to $175. for domestic use. June 28 is 45 per cent, taking In a| npg eci's biggest co-operative home construction projects. pany said. on 430. Pounds vos esvess is 33.35@I0T0 FALLS SLOWLY 88 per cent boost in the price of The bureau found that debts| 450- 500 pounds ............ [email protected] | industrial raw materials, during the 12 months ending Oct.|Medium— \ For the first two business days 1, 1046, increased by $2,693,000,000,| “00 90 POUL Soeseto.e 31.00@3300 following Presidéht Truman's de~ In the preceding 12 months, con- Medium to Good-= o | 2 control order last Saturday, there sumer credit obligations increased| 90 130 poun ha ferns [email protected] Oth Prices . Expected to was an average price increase of $1,352,000,000. Chalce— ca am Follow Same Pattern about 7.5 per cent. Food prices rose |! The debts are being made in re-| 700 900 pounds ... 20.00 PAYMENT OF . one per cent, while industrial raw tail charge accounts, installment A110 ponds . 10.00 C By UNITED PRESS materials were up more than 12 loans and credits for services such|i300-1500 pounds ... 5200 OUPON NO. 19 Government officials and market per cent. as doctor, dentist and hospital bills.| Good— Cc analysts believed today that ris-| One government economist fore- 3 May Exceed $9 Billion 100- 900 pounds ssessesssres 18.00G23.00 ertificates of Interest Issued by Liquidating ing food prices. may oJoliow fe cast a general drop in prices soon AS mire Tolrigatalons abd avic- 1100-1300 pounds 1900624 % Trustees Under Plan of Reorganization of course of meat prices, eat prices after the holidays, i d | Medtgmi~ skyrocketed immediately after de-| He said it would affect virtually Holley ar Shiller Beale wn 700-1100 pounds + [email protected] THE FLETCHER AMERICAN
control but since have fallen half
way back to the old OPA ceilings, mobiles and possibly building ma- ow | 700-1100 pounds ........eeu. [email protected] : a nation-wide survey shows. terials. The economist; who. asked ining Toto growin ot ot oe op Heifers ’ INDIANAPOI IS . 600 OUNAS ...cvvvnnnes A check of butcher shops at 13|that his name be withisely, sald 6 Total consumer credit probably | 800-1000 pounds 22.50G27.00
major cities—one month after decontrol—showed that prices still are falling, as supplies become more plentiful,
troft, Portland, New Orleans, Kansas. City and Chicago—found the
bacon scarcity universal. unkempt filling sta- the National Association of Real|N*% HEues LOW oo 07 110 ; National Bank of Indianapolis under Indenture oy e . . |. serious d t hi Most other meats were easily obs, ported [HGS and relioning yioi-l ions, junkyards and signs of every |Estate Boards, succeeding Boyd T.|N Ind Pub Serv com . «1a 18% $ B08 scute shortage of of Trust Dated August 23, 1933. 1 tions now on file with district of-| P R Mallory com 23% 24% |sugar,” he said. “Those in control N tainable, if the housewife wanted t0 |g 0c | description.” |Bdrnard, Philadelphia. Progress Laundry com “LLL 3 3 lof our government planned it that ovember 15, 1946. pay the price. In a resolution adopted by dele-| Mr, Pitch was nominated without |*Pub Serv of Ind 3'2% pfd .. 87 - 89%) way.” The agriculture department re- gates to the 44th annual A. A. A.lopposition yesterday at the associ- Ross Geir os fd o : ported that choice beef steaks might convention, the organization called ation’s 39th annual convention, |Stokely-Van Camp’ pfd .......21
drop in price after the holidays.
But it predicted they would not be available at reasonable prices
until spring or summer.
U. A. W. HEAD DENIES
LAG IN EFFICIENCY
all items except clothing and auto-
trend would not be merely a leveling | off but “a positive setback.”
New Agency to Rule on Rents
fices will screen out and complete
WOMAN'S INSURANCE HEAD TO TALK HERE,
Mrs. Marion 8. Eberly, women’s | division director, Institute of Life
a three-day speaking engagement. | She will talk to the Indianapolis |
“Industry is pricing itself out of |}
Veterans Group
- x
ht —_ THE INDIAN Ready to Build
terday to rid the nation's roadsides
‘ today will be elected president of da action on one mi case 8 t t ti 2 Mion of re. uw shanties, rickety |
{for action to force adoption of | state highway zoning measures to ‘curb the spread of the highway | blight.” The convention also adopted a resolution demanding immediate
Insurance, will arrive in Indian- | neq) of the. federal gasoline tax |Arthur TF. Bassett, apolis by airplane next Tuesday for '...4 eventual repeal of other fed- |Armel Nutter, Camden, N. J.; Elmer
{eral automotive excise taxes.
Arch I, Madden, Des Moines, Iowa, was nominated treasurer. Unanimous nominees for district vice presidents were Ward C. Gifford, Kansas City, Mo.; David D. Bohannon, San’ Mateo, Cal; Detroit; C.
Keefe, Minneapolis; Paul B. Dodard, Hartford, Conn.; Thomas OH.
APOLIS TIMES
CREDIT BUYING
Barring Recession, a New Record Is Expected.
bureau. said “a further acceleration
will exceed $9,000,000,000 by the end of this year, the bureau said. In 1929, the total was approximately $7,000,000,000.
rmon-Herrington com .... 8% 9 Mastic Asphalt .e Natl Homes com ...
Stokely-Van Camp. com Terie avis Maligabie .
Tel Co y 8% dessranan eis 43 BONDS American Loan 4%s 60
crnesssasans
Unit Union Title com
Ch of Com Bldg Ya Citizens Ind Tel 4'as 6 Columbia Club 1%s 5s . Consol Fin Ss 66 . Hamilton Mfg ce n 5 .. Hoosier Crown Indpls Brass & Bg 0]
MARK REACHED
Hog prices were lifted 50 cents,
GOOD TO CHOICE HOGS (6300)
High 1900 pounds
+s [email protected] Com
pounds .. 800-1100 pounds ... Medium 500- 900 ) pounds Common
[email protected] [email protected]
the same period in 1945. “There is only one reason for the
Active Trade Cleans Cattle Supply; Hogs Sell at $25.50
Active trade at steady prices cleaned the small week-end cattle supply at the Indianapolis stockyards today.
selling at $25.50. Vealers gained 50
cents while sheep and lambs sold steady.
HOOSIER G. 1’S FAIL
FRIDAY, NOV. 15, 1946
DECEMBER QUOTAS OF FLOUR AGREED
WASHINGTON, Nov. 15 (U.-P9, ~The agriculturé department yes terday authorized millers to begin production of their domestic flour quotas to offset flour export delays which resulted from
eee [email protected] |
Government officials predicted {the market,” he said, “The break : “The all-time high of nearly > that most food prices would begin|is bound to come soon.” A. Wayne Murphy (right), Northeast Legion post commander, |$10,000,000,000 reached in 1941,|Good . [email protected] Trust dated August 23rd, 1933, have declared a y Ph) { edium 12.75@ 14.75 distribution b f liquidating d fropping in early January. It appeared definite, meanwhile,| discusses the building of 95 homes with (left to right) Banker 8. P, [seems likely to be topped early in|cutter and common . [email protected] 1bution by way of liquidating dividends upon Food prices rose 1 per cent in|that OPA will have no hand in de-| Hunter, Realtor Henry Timbrook, Contractor W. Richard Moore. 1947, unless a recession should |Canner “Buiter iciics 8.50@ 9.75 the outstanding Certificates of Interest in trusthe first two business days fol-|ciding whether there is to be a 15 ou.» . sharply reduce the rate of consumer | Beet— : teed assets issued by the Liquidating Trustees lowing President Truman's decon-|per cent general rent increase as : : credit purchasing,” the report said.|gGood, (al weights) ........ 15000148 designated under the Plan of Reorganization of a der Jas Saturday, Whey wicmuienion by fe me mee %-'Do H+ Yourself Developers temic, wn Medium torn GMI The Fletcher American National Bank of IndianPrices Range Widel | Informed quarters said that with- precedes a down swing in business mn wy 3neuA apolis, in an amount sufficient to pay and disy in the next week President Truman Will S I St k f S activity, but pointed out that the|Good and choice ............ 27.50@29. charge Coupon No. 19 attached to said CertifiThe city-by-city meat survey |will issue an executive order setting I e oC or ewer S $9,000,000,000 total consumer debt og Us dium et Tw cates. showed a wide range of price ten- up a new agency to absorb OPA, the : atsthe end of this year would be Feeder and Stocker Caifie ‘and Calves In accordance with the provisions of said in- + dencies. civilian production sdupnisiEation The Veterans co-operative hous- [stock shares to finance the sewers. [six and one-half per cent of the Chotee— e— . denture of Trust.and of the Certificates of InterDallas butcher shops were selling {and the office of contract settle-|ing project in northeast Indian-| The group was shown a film, available income. In 1941, the all- 30-,300 Doun 8 cercrrrens «+ 18.50017.50 est heretofore issued th d th d porterhouse steaks at the same ment. OPA, it was sald, plans no|apolis moved into the financing and “The A. B. C's of the G.I. Loan" time high was 11 per cent of spend- Good— po - ” [email protected] Liquidating Trustees h ere er, ted Nudorsigned price as under the OPA—63 cents a [action on the rent bobst request be- house planning stage today. rat: ee able consumer income. 100-1000 Dovnas 1::1::enries [email protected] ave deposi In American pound. fore the new agency is created. The group, which has already de- [PY S. P. Hunter of the Peoples State ; +t Fo, wrvse 245001050 National Bank at Indianapolis, Indiama, an amount . At Oklahoma City, however, pork 17,500 Workers on ‘Way Out [veloped 153 lots between 30th and bak. Sony o£ Se, Jealtor, LOCAL ISSUES Cqmmon—> nessesiney wn sufficient to pay and discharge Coupon No. 19 ati ashi y an . ar oore, ) | S—————————————————————— O00 S00 POUNCS .........e00 50 oa. "on Sonne vi mosh Higher Tents were considered ot = a SShingion ark were present to AS rm, Nominal quotations furnished by In- SHEEP (9) 1ached fo sald Certificates of Interest, According. per cent above the old ceilings and | c+" certain in view of Mr. Tru- met at the e oaninal quotations sure Lainke ly, Coupon No. 19, which should be detached from all meats there were at the highest |, . t that adjust- [center last night to arrange financ- and planning of the multi-home |dlanapolls securities dealers: Choice (closely sorted id Certifi price since decontrol. But these Hans Sislement oa Tent ing of the sewer construction. project, STOCKS Bid Asked | S000 and ahs die ane Re : H eates o Beneficial Interest, ay be i d Asked | Medium and good ............ nted forthwi 0 the American Nationa were the exceptions. with its| This problem arose when Indian Will Build Co-operatively Agents Pin Corp com Le Medium und. good reyeeusas 3 50 @23.00 0 | A composite picture of meat i ave, theyd Wil that [apolis sewer contractors declined 10| me Northeast veterans group ac-| abersan Sooey pd. eons: BY oe ve Ghar 30013.% Bank of Indianapolis for payment. prices in the 12 cities showed that |)7 500 employees will be given 30-|bid on sewers for the eight-block |, i eq the land last winter, cleared Ametioan States el &.vireeere 33... |Good and choice ............ 50@ 8.00 Notice is hereby further given that a deposit pork chops had averaged a peak in- | ou riotices on Nov. 30, and that|Project on the basis of Barrett Law | uon of 3t themselves and have Ayr ire "Cal com i a Dang Wedm ...c... NEG 650 in an amount sufficient to pay said Coupon No. 19 I 1 sens s Pound Suing its 64 district offices will be closed deferred payment: o had four streets cut through. Mem- | pelt Rk Stk Yds ped... i "wc. CHARGES SCARCITY | attached to said Certificates of Interest having , on Dec. 1. To Organize Company bers were able to purchase home|Bobbs-Merrill 4%% pfd...... 78 .... been made with American National Bobbs-Merrill COM... ...«.s wis ional Bank at In. now hey hau | aopped 2k to 22| At the same time the agency an-| Veterans said they had been ad-|sites for $25 a lot with 40-foot|central Soya com ». 3 wx) OF SUGAR PLANNED dianapolis, depository, in accordance with the provets . na ve nounced that it will open 64 new|yised by the contractors that Bar-|frontage under the co-operative Cro, ier (SP oid i's02 108 | WASHINGTON, Nov. 15 (U. P) visions of said Indenture of Trust and of said 3 . erage price eases OVer| gq car branch offices and 25 newirett Law ‘was strictly “depression |plan. Consolidated Industries com ,. 1 Ja ; k ea Certificat f Ih aa oh § . ceilings in She Jus branch enforcement offices on Dec.|pysiness,” The group has tenta-| The group has decided to con- Cons Fin Co Industries pid .. 4} 5 |_Rep. Thomas A. Jenkins (R. 0), ificates of Iterest, the undersigned Liquidatwee: * Amber 4 De es 511 in the same cities and offices tively agreed to organize a company [struct their houses co-operatively pita. Electric on 10% |chairman of the Republican food | he J fustees, or their successors have no further cents, : house | where the district offices have been and raise funds through the sale of also, in order to cut costs. Ft W en RR Bd 98 99 st ittee i 1ability for or on account of payment of said steak, 35-cent peak, 155 cents to- er ayne & Jackson RR P! study committee, said yesterday ym dag: beet IIB ram, SB-coey PORE. paiatained. 13 0 te To of- | Herfl- Jones olcdnt ptd 3%" 26% that the incoming Republican con- Coupon No. 19, and the holders thereof shall look 19 cents today; lamb chops, 30-| Tye new sugar offices will handle A. A. A. SEEKS TO CURB! CHICAGO AN T0 HEAD fod we TOC aiilgress “wil mot tolerate another solely to such deposit and not to the undersigned cent peak, 18 cents today. suger rationing and price problems| fade P& Le me BL 21a year of government-planned sugar Liquidating Trustees or to their successors in reBacon Still Scarce for consumers and commercial] ROADSIDE ‘SHANTIES’ uh AL ESTATE MEN indanepale Wale? Sid: on a Searels. E hat desole iset did spect of the amount so deposited. The survey—which tnchuded re- ae TD Eg 10 ames "'| SAN FRANCISCO, Nov. 15 (U. : a Se” Rac tite com 111 A 0 quction in 1048, American consume OTTO J. FEUCHT, ™3 i > Kingan Co LE 3 ’ ports from Washington, Omaha, |; civiei’ ang institutional users, |The American Austutiviile ATLANTIO OITY, N. J, Nov. 18 |Kinsan & Co pia Si 8 |ers so far have received 500,000 JOHN -P. COLLETT, Minneapolis, St. Louis, Miami, De- The new enforéement branch of. | 2550CiAtion opened a campaign ye |(U. P).—Morgan L. Pitch, Chicago, Lincoln Loam ie oa PN. 8 84i; | tons less sugar than they did during WILLIAM N. FLEMING, JR.
NATIONAL BANK OF
Notice is hereby given that Otto J. Feucht, John P. Collett and William N. Fleming, Jr., as Liquidating Trustees for The Fletcher American National Bank of Indianapolis under Indenture of
Liquidating Trustees for The Fletcher American
316 E. Washington St,
+HARTMANN'S »
December
FRIDAY
®
CHICAGO, Nov. 15 (U. P.).|Junior Chamber of Commgrce next Dupree, Miami Beach, Fla.; John [Fee Tor 51050 oo. 01 Richard T. Leonard, vice president|' ednesday noon. She also, will COUNCIL APPOINTED K. Stirton, Houston, Tex.; William ndpis Railways ‘Co 5 01 90 of the ©. 1. O. United Automobile adress a luncheon sponsored by| aN SURPLUS SALES | Means Charleson, 8, C; A. W. | Invesors. Telephone 38 6i+ri. 98 9% Workers, denied last night thatthe Indiana State Underwriters’ Norrel, Phoenix, Ariz, A. D. New- | | [fopnar Packing co. i 0 =: ww C worker efficiency lias fallen off, and |25soclation Thursday. WASHINGTON, Nov. 15 (U, p,), man, Portland, Ore; Charles E.|pup ery of nd 3) as 75. 0.105% 107% 10-Pl i i sald disputes were developing in| At 6 p. m. next Thursday, she Robert M. Littlejohn, surplus| Hoover, Shamokin, Pa, and Loren Ffub Tel 4s 35... . : the automobile industry over man-|will talk to the Business and "Pro- | property administrator, has po Whitehead, Rockord, 111. | Trac Term Corp 6s 67... agement demands for more produc- | fessional Women's club, with a talk [pointed an advisory council for| PRT? TR > 3
tion. Mr. Leonard told the American Management association that despite charges by industry executives, who assert worker productiv-
LIVING ROOM OUTFIT
the spring - filled “ sofa and chair, cocktail table, »
¥;
the . following noon to general surplus property disposal. agents and managers of life Insur-| penresenting industry are Joseph] ance companies in the state. Givner, president of National Mer-| A conference between Mrs. Eberly |chandising Corp. of New York, : A and members of the Farmers insti- | chairman; Thomas P. Abbott, chairi» has Qecrensed, the Halon ps OP tute will be held the afternoon of man of the board of Stewart & Cd, Poses o appl Go e—physical Nov, 22, | Baltimore, Md.; Benjamin B. Levy, p_oyees. | department store buyer and mer-|
“In general, we are convinced the i r chandiser, and John F. Thomas,| sierage adtomobile worker lias heen TRUCK WHEAT former Sears & Roebuck executive. | [*
giving more than adequate physical . : effort on his job,” Mr, Léonard said. Military members of the council
’ 2150 ja 3% LET'S
Includes
Indianapolis flour mills and grain ele- two end tables, table lamp,
“We are solidly opposed to any attempt by management to increase the physical demands upon the av-
erage worker.”
‘BUSINESS. DIRECTORY
4 Creer « a .
ALITY |
141 W. WASHINGTON ST.
vators are paying $2.04 per bushel for No 1 red wheat (other grades on their merit); | corn, new, No, 2 yellow, $1.37 per bushel, and No. 1 white, $1.37 per bushel; oats| testing 34 pounds or better, 77¢c per bushel; No. 2 nisi #0ybeans, 14 per cent moisture, §
SIDING- ROOFING
"Fe
§ jan ® Guaranteed
Marion 1 Roofing 8 Sy c Co.
TR COATS
1.arqest Ne! (dada)
oT Stete
NDIANA JIE)
> East WASHINGTON St
: on THE REST OF
! THE TOWN SLEEPS ; " HAAG'S 'ALL-NIGHT DRUG STORE
224 and Meridian Sts I8 OPEN *
[Ladies Bowling Shoes Copy of Bowling a 94-98
Given Without Charge
| KINNEY SHOES
138 E. Washington St.
{will be Harold M
Barnes, former special assistant to the WAA .administrator: Fred A. McMahon and, John H, Judd, all army officers. It was announced previously that Robert M. Field, acting associate ad-| ministrator of the surplus agency, would be vice president of the council,
NEW AIRPLANE TIRE IS MADE OF STEEL
LOS ANGELES, Nov. 15 (U. PJ). +~An airplane tire made of steel and
A capable of carrying twice the load
of standard tires has been devel{oped by the United States Rubber Co., Pacific Coast Manager D. w.| Walsh said today. Designed for super-speed sorte] the new tire was made of a fine flexible steel wire cord, making possible smaller and stronger tires,
| (he said,
U.S. STATEMENT
g* 9 2" 5 A ae Sr De
ou Save Because We Save 's Suits & Overcoats
Ave. Open § to 9
RE-ROOF NCW
Immediate Application IN d J A | le
ROOFING AND idl Co k LE a |
LOCAL PRODUCE
[HOOSIER OPTICAL Go,
14 N. ILLINOIS
yf _NC"NT 7}
Y DEPENDABLE
ACCURATE SERVICE d A
PRICES FOR PLANT DELIVERY
Poul tra nn 4'% Ibs. and over, 4c; under, Leghorit hens, 20¢; 1046
A | gprings, airs, broilers and roosters, 30c;
Leghorn pH i. 25c; roosters, 16¢; ducks, | doe i, frost; 3 No. 2 poultry, 4c
"Butteriat: Ne. Ha 80¢,
No. LEH C t rj oipts, to case, | e la 50¢; large, . ~ grade,
3 ten, 43¢; 26¢. TA
less |
WASHINGTON, Nov, 15 (U. P.) -—Government expenses and receipts for the {current fiscal year through Nov, 13 com- LE pared with a year ago | This Year Last Ye Expenses $ 13,389,008, 223 $ 30,156, 21, 120 | Receipts 139020,222,077 14,224,060,760 | Deflcit 300,684,146 15,032 136.369 | Cash Balance 6,359,028 488 12,943,743,015 Public Debt 262,017,017,152 263,150,055,420 Gold Reserve '20,410,749,542 20,033,866,048 INDIANAPOLIS CLEARING HOUSE Clearings .......c.eivovnssenvins $ 9,145,000 Debits .......0c000ivnsnnnns aris 23,806, 000
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