Indianapolis Times, Indianapolis, Marion County, 12 February 1947 — Page 9
in help you nancial afSous Sod incing your or contrdct. helpful ad-
SAVING © LOAN SSOCTATION
nch Office: Trust Bldg. Market 2497
ce Summer erature
to Move in
ric refrigerater heater;
3 Styles and immediate
actory-Bilt” M. Sunday.
11
POLIS
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Relieve saughing | Eastern AirEe \JICKS ci
1CKS % \merly was station
pei Rg
Named Aifline Station Manager
| William J. Wilhelm, a native of been
Indianapolis,” has
station manager
in the Chipens area. He for-
. manager for the
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NOTICE— $C0TT FURNITURE
WAREHOUSE SALES
OPEN THIS WEEK
Frid ay Onli Juaaax
412 5, HARMON ST.
1 Block East of Delaware off South St.
iafrline in St. Louis, A graduate of Tech high school, Mr. Wilnelm started to work for Eastern Airlines in the In- yas tianapolis office in Villlam Wilhelm
1941. He also served in Greenville,
co.
COOKS WITH T GAS TURNED
SOLD EXCLUSIVELY IN MARION CO. AT
208 N. Delaware
INCREASE YOUR INCOME MeCammon Course
FOR MEN AND WOMEN IN EFFECTIVE SPEAKING, SALESMANSHIP
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You Are Welcome to Attend the First Three Weeks Without Cost.
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Former Class
BERT
1001 E. 58th St.
chase
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8. C.
Local Produce
PRICES FOR PLANT DELIVERY Fours: Be Reus, 1 Nj ibs, and over, 3c;
hens, 18e; soft mies ted
under, 1 chickens, jor, coca and stags. 16c; No poultry, 4c less than No. ha
Butterfat: No, an 60¢; No. 3. e
Eggs: Current receipts, 54 Ibs. to case, Me grade A large, ~38¢c; medium, 4c; no grade, 35¢.
: [Business—
- Labor Relations oe Council to Meet
Ruthenburg, Book Among Speakers
A two-day meeting of the Labor Relations Council of Chambers of Commerce will be held Friday and Saturday in the Hotel Lincoln. Louis Ruthenburg, president, Servel, Inc, Evansville, will speak at an opening day dinner, Clarence ‘A. Jackson, executive vice president, Indiana State Chamber of Commerce, will preside.
ber of Commerce, will discuss ment.” Dr. Phillip Bradley, director, Institute of Labor and Ine dustrial Relations,” University of Illinois, will discuss” Universities and Labor-Management Relations Today.” | Other speakers during the sessions will include E. L. Wingert, counsel, Wisconsin State Chamber of Commerce; Ray M. Suter, Ohio Chamber of Commerce; Wilfred Bradshaw, director, personnel re-
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39-35
latiohs department, Indiana State Chamber of Commerce; Julian Hall,
| lations department, Illinois State Chamber of Commerce; Rudolf F. Vogeler, manager, industrial counetl Philadelphia Chamber of Com- | merce and Board of . Trade; Scott {| R. DeKins, assistant to the presidént, St. Louis Chamber of Comi merce, and F. R. Henrekin, Kan- | kakee Chamber of Commerce.
Earlier, William H. Book, executive| § vice president, Indianapolis Cham-|
“Communism in the Labor Moves |:
‘manager, personnel and labor re-
ky THE INDIANAPOLIS TIMES
Labor— Cost of Living
By FRED W. _, WASHINGTON, Peb, 12.—Soon
agreements. The “consumers’ price index for moderate-income families in large cities” was increased arbitrarily by five points as a result of findings of a committee of non - governmental economists : The economists ¢{ had been appointted to settle a quarrel between the U. 8. bureau of labor statistics and spokesmen for the A. F. of L. and C. I. O. The bureau publishes the consumers’ price index monthly. The five points were supposed to offset wartime quality deterioration and disappearance of low-priced goods normally bought by families of low and moderate incomes. This was the first official attempt to measure the price effects of such factors. Quality on Way Back
Better quality is on the way back, and so are lower-priced
Whether they have returned far enough to justify dropping of the five-point allowance is a question troubling Ewan Clague, commissioner of labor statistics. He sald
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today a statement soon would be
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ates y goes
A
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non-organic and non-s om |
made by the bureau. He would not
May Be Bargaining Point
Soripps-Howard Staff Writer
stew of wage bargaining between labor unions and employers, It is called “the vanishing five points.” Some 26 months ago the five points were added to the. official statistical factors that the war labor board could consider in action on wage
4
‘Allowdnée
PERKINS there will be a new bone for the
———
tail prices of commodities—probably down-—increase the statistical hesitancy. Both management and the labor unions are watching closely for the bureau's statement. The five points mean a tangible number of dollars to a low-paid workman. A bureau critic has charged that union spokesmen’ have been pressing the bureau to say nothing on the subject. — Mr. Clague says if
confined to “representations” from spokesmen for both sides. He said his bureau's aim would be to give as true an estimate as possible whether all or part or none of the five-point allowance should now be figured as entering into consumer retail prices. The bureau stated last August, “merchandise of prewar quality is appearing again in retail stores, and quantities of these goods are becoming large enough td" be priced regularly, so that direct comparisons of prewar prices for such merchandise are made. . . . If prices of prewar merchandise for most articles have been available for use in the index by the end of 1946, as now seems likely, most of this five-point adjustment no longer will be applicable at that time.” Whatever happens, the subject eventually will go into collective
{ predict its scope. The rent situa-
bargaining.
WorkTooOffen Veal Hits All-Time High | of $32.50 at Yards Here
Veal prices rose to the all-time high of $32.50 per cwt. at the Indian.
| | i
apolis stockyards today.
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1
An advance of 50 vents to $1 was registered. Other classes of livestock held steady with yesterday's prices.
Common — 500-900 pounds SHEEP
(1900)
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common stockholders today were informed they will receive stock in
So up—and general re-|
there has been pressure it has been)
P. S. C. I. Distributes. Gas. Company Shares
Public Service Co. of Indiana
the subsidiary - Indiana Gas & Water Co. in lieu of a dividend. At the same time, Indiana Gas which services 29 counties in central and southern Indiana with water and natural gas published its first annual report showing a net income of $684,713.96. Indiana Gas began operations in September, 1945, upon acquisition of gas and water -utllity systems then being operated by Public Service Co.
Equal to 50 Cents
Public Service Co., which owns all the stock of the other utility, will issue 1/20th shares of Indiana Gas to stockholders of Public Service Co. in fractional scripts or single share units. The Indiana Gas stock is evaluated at $10 and the distribution will| thus ‘amount to a 50-cent dividend to Public Service Co. stockhplders. The distribution will be March 1 to shareholders as of record yesterday. In a letter accompanying the announcement, Robert A. Gallagher, Public Service Co. president, pointed out that the distribution plan would benefit shareholders. The company will save “a substantial amount which would otherwise have to be paid out as a capital gains tax” if it had sold the Indiana Gas stock and “will be able to conserve cash needed for new construction,” he said.
Expansion Half Complete
Louis B. Schiesz, president of Indiana Gas, pointed out in the company’s first statement that a three- | year $2,950,000 expansion program | was nearly half complete. He cited shortages in natural gas furnished by Panhandle Easte Pipe Line Co. as “a temporary con-
See
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321 ILLINOIS BLDG. Entrance 17 West Market ALSO DEPARTMENT FOR WOMEN <x § Hours: 11 A. M. to 5:39 P. M—Saturdays, 10 A. M. fo 7 P. M. #7 4
SERVICE THE PUBLIC
IN 1946
ACHIEVEMENTS
Central family. Unite
YESTERDAY AND TOMORROW
Nineteen forty-six was a year of test and opportunity. From it we have gained increased faith in the strength and character of the Illinois
our railroad forward through the present year.
ON ITS BUSI
PASSENGER—
Fifty-four million passengers—equal fo the population of 19 mid-Americon states—were carried on through and suburban trains at an ayerage fare of 1.9¢ a mile.
| Lo
A
FREIGHT—
Two million carloads— or 17 trains reaching from Chicago to New Orleans. Cost to shippers—Iless than a penny a mile for each fon.
FINER SERVICE
FIRST IN SAFETY
lilinois Central workers lead with a record of only 2.1 injuries per million man-hours worked.
d, we shall continue to carry
W. A. JOHNSTON, Provident