Indianapolis Times, Indianapolis, Marion County, 12 March 1947 — Page 9

oT SDNEST

* EP ” Y E ae 3 ; # ; Business— . — | Local Issues Wo Aus. Railroads Shor wo, aE | a anapolis securities dealers: : istry omncil v STOCKS : — : 4 Anked Liv prices wealmed at the ; 0 ; Medium 3 Million Freight a. teen | Designed to Let Sn rs BO L B Ayres 4%% + i Hi tle prices were weak to 50 cents ashing Sows BUR mee yas eom iH Industry Police Self lower with most of the loss a J Shs ns Pre i n in Belt R Sik Yds pid 30- 300: 380 po pounds Bobs. Merrill com 18 NEW YORK, March 13 (U. P.)~—|in cow quotations. Only calf prices Soe: pounds .... : Bi i iter com. 4% A broadcasters advisory council is ruled strong. Pat lambs were down aa PORE «oxeressrnres ' th Lo Loan 4% Pid... 1s 1024 | being set up among. radio stations,|28 cents and hogs declined a like | 40 400+ 480 POUDAS ....rrrseiins Pullman-Standard s Indiana Plant Making Gono aide Tndistrles com’! a advertising agencies and sponsors, amount, Top price for hogs was| ud; ji0 Pounds oversee. G i in Battl f 1 Bait in Corp Pra. .......... c91° ..|industry spokesmen disclosed today.| $27.65, Au Pounds... ' g \ ains in Battle o Transportation ; Theil Heotrio oom. ...:...:.. +18. 142 The purpose of the. council is to ren ~~ e Slaughter Pigs s d Ft Wayne & Jackson KR ptd . 92 - o7= |help the Industry police itself Bago 10 i ns) PONGATILE (1450) Goo By GEORGE THIEM 3 Jaf on es cl A pid .. ’ Ve op |8g8inSE “ugly. plays” and “excessive 120- tao £40 Boom hls Cuter OR Times Special Wi Ind Asse. el C 81% | commercialism.” 900-1100 pounds’ teenies 2 _ 3 CALVES “is Loo SCHIGAN CITY, Ind, March. 12. —~American rallways are short hd has J! Initial plans call for an agency! 180: 300 it 2 bou aa io i 1300 pounds enrprreenass hago fis fie ole... \u cok. 000 freight cars. Indpls P 21% similar to the Motion Pioture Pro-| 390 Ouida =." ll U. 8, industry is being slowed down at loading docks everywhere | Indpls P He a ao 7 Ameo #5 240 Good— fe up) arr ) In | |ducers Associallon © nerica,| 240- 270 po '25| 1700+ 900 po Stocker Cattle an while shippers whistle in vain for rail equipment. . , Indpls Water cl A com. 2’ |tormerly known as “the Hays| 33: i% i "1 3371 001 300-13 : Wheat and corn are wasting Away in weevil and rat-infested country |Indpis Heil <1 lomce” But it was emphasized that| 3%0- I 26.264 26.50 1300-1500 pounds ii. 7" 2250425.00! 500- 600 Pounds ......\.... ~ elevators and farm granaries when it might be moving to terminals and Hogan 'a'o OI «1 44xss loo industry-wide “czar” was cone 1300-1500 pounds .. ....7 ... 2 ships bound for the world’s hungry rn pre e+ | EGAN 44 CO PIG A Fivcoin Nat Lite 3% ped iol 1 sof |lemplated, millions. b capacity estimated at” 40,000 cars & Loan Co bly pfd..\..300 0 Edgar Kobak, president of the > ! : TT - Railroads are handicapped by|year, Marmon, Herrington com ..... Wa 3% Mutual Broadcasting system, has : THE THRIFT CORNER : having in service only 1,740,000 cars,| These figures are in contrast with Natl Homes com wr 13 |peen named chairman of the com- RIVE ! ; 560,000 fewer than they owned in fiast year's-output of only 41,750 cars Ne nd Feb Sav. ‘com HH mittee on organization and finance . OF INDIANAPOLIS ——————————— Ase juts '20's $.-And Seid of his -= little more than 20 per cent of E.R Mallory i IT Ja HMlifor the council WOMEN'S FINE reduced number are over- capacity. y 2 t a oy more years old. “The shortage won't be corrected Pub Serv of Ind d 3a A Hi Wiphiin eo f the ew a= The dismal story of 15 years of | vermight,” commented an industry 80 In aoa aan pla... 16 12% man at Mr, Kobak's office said. neglect in maintaining the nation’s|snokesman, “w tl suff Stokely-Yaa a Gomp pHd........ 0% 22% : e are s suffering | stokely- amp com 2 22 Pass Own Copy \ transportation system is revealed in from the after-effects of the coal Terre Haute BCom awry 8s 9% 7 the car-bullding shops here. and steel strikes. ; \U B Machine eam... :...... 3 2%| “Each station or network still Below Capacity 10 Years “The supply of skilled labor is stii] Union Tite com vinta 100 decides yun palicy and pass its ) esman It has been more than 10 years! definitely tight, By July we hope to Aerican Laan Arh 80° HN 97 (a. RW SOR. Bagi that of! . show a much better trend.” | Ama ly 5 gr “INTL Cluet Dad Jo since the Pullman-Standard Car uc ren eA ertner os 84... "87. | managing director of the council. J Manufacturing Co. has run at its Pullman-Standard turned out 260 Ok Of of Com Bide 4 fas u J | No one-hais been selected for the aml J tr dy |e ho lo Sdn nt yd During the lean '30’s, ra ul n Me oe 1d be a man well ac~ ~ and’ their banks hesitated to invest: total pro Bali coil shh so 5s 56 ” a on us Ne Diblans of. 1a] more capital in what looked like a| It capacity is 150° a month, or | Hooster a i 00 vi |dio, as well as able to see the side : <=-Josing venture, |1800 & year.-At the 1946 rate it vag Tadbls Re alive . Co. Py Ne 107% | 'lot clients and advertising agencies. They let their freight cars run take six’ years to make the 1600; y Tel Go 38 75. ... 101 103° | Elective officers in the group will down while the trucks ran off with tar oe order. The Sompany could investors Teleph Co hi 2 ’ : reflect the tri-partite nature of the thelr Sorte il Juste isi wig n one year at the pre-war Ni Ind Pub Serv, ie n 108% 5 organization. t the beginning e war, the . Pub Tel 412s 55 nas 91 The new organization was carriers big Sho ged Sars, of Copyright, IM, 21 Th, Indiapapoy umes ix alviend fo 9 + 9% A prompted by rising criticism of ra-| the peak number on hand in thé -——-= —— 'dio commercials and “plugs’ and late "20's, T S di d D bt | the feeling of the es oh ame war priorities. Tne| T0Xe8, Spending and Deb/— selves that the industry was at the IN QUR government wanted guns, tanks, : | “critical crossroads.” Y BASEMENT 3] 1d trucks and ships more than it » re oO osed to ( ; ut List: Other Members J ® wanted boxcars. The 98- year-old Y pp | plant here began turning out 27 | ides Mr. Robt), ser eile) : troop sleepers a day instead of] 1 | T for 47 ! . freight carries, n ncome axes or \are Niles Trammell, president of J a8-Ingh TABLE a i rr. fae Jotul, Sronitir, ov) 36-In. PRINTED LINENES OILCLOTH § J — ee mm eee er rm me mt igu n s > After the war came coal and steel Herewith another excerpt, the seventh we have reprinted, from Young & Rubicam; Thomas D'Arcy 3 : Several good Patierns i : strikes. The old car-bullding crews Senator Harry F. Byrd's powerful speech on the budget delivered in !Orophy, president of Kenyon & All New Patterns choice. € were broken up. Skilled men wan- the senate Feb. 19. Eckhardt; Robert PF. Elder, vice A . 5 dered off to other plants, eres memte————— sos ~~ president of Lever Bros.; Donovan! Fast color linenes that will launder like a C Suddenly the country awoke to ¢ By § NATOR HARRY F. BYRD B. Stetler, advertising director of hanki ’ : the fact that wheat in Kansas and The budget's estimate of $38,800,000,000 in revenue is based upon ‘Standard Brands, Inc.; Clair R.| Full 3s, Good choice of colorful patter ns. Yd Heavy Aluminum corn in Iowa are worthless unless an anticipated national income of $167 billion, which-is higher than the | McCollough, president of station 5 : SKILLETS they cah be carried to famished ' income estimate for the current fiscal year. As we know, the national WGAL, Lancaster, Pa. and I. R. ; . peoples, income is the aggregate of the cash income of all the citizens of America. 'Lounsberry, executive vice president 9-inch ‘size with deep s Fortunately, things are getting, Our exciting system of taxation relies heavily on income taxes. It [of WGR, Bufislo. Buffalo. sides. Riveted aluminum -. ng sy better day by day. It seems the our national income goes down, the decline is immediately reflected in or mm— handle. worst is qver. The 18-car-a-day the tax revenue. If the national, ey 5 28 LA «chedule of the last year in the'income should fall to $150 billion— opposed to a tax reduction in ~ = Million New Homes ° LOTHS : Michigan City plant is up to 27 a reduction of approximately 10 per | |calendar year 1947. Sli hi ] f " : , 3.98 Jac uard every nifie hours today. cent—the total revenue would be | Sound Financial Basis - lg mperfects—Fam ’ One production line is back to full $32 billion, instead of $38 billlon| omy ao — ol B C | p Be ous Brands ADS 3 oy . : Gapasits. The oitses Waried uj shine ors lou of 48 Silien jo Yevailie, 4 reductions in expenditures. This 0 p omp ete 60x80, 72x90 Sizes. You'll recognize the $ : Nice patterns and sige. - $ 98 {18 because, from a long-range value when you see these cloths. Ivory and Cedar and rose. heavy- machinery and traveling existing rates, the total receipts o : tr J * | standpoint, I think it is vastly more| Construction will be completed on ecru shad ranes resounds in the big oar sh the federal government at the vari : snades. c u ig Oops. g important to place our government one million homes this year, HR Efficiency of the nearly 1800 ous levels of national income would {on a d fiscal basis by reducing Northup, secretary-ma nager Na- . . : . : Printed. workers s sill below par. Some 700 be as folowe: expenditures and firmly balancing tonal Retall Lumber Dealers sso eiaeaenn LUNCH CLOTH wn It will take them a few weeks to (billions) (billions) | the budget than to reduce taxes SisHon, told Indiana lumber deal-, S ers toda 48x51 si oral Whe JoEha OF TOFS 16 Somire the : go yi al could be more reassuring He oe members of the Indiana! MESH TAILORED PAIR - Ja x "border Fi Po 79° : skills of old-time workers. It will be [to the citizens than to know that Lumber and Builders Supply asso-| : Imperfects $1.20 quality. . _ months belore cars roll Sow the 1 : 9 after 17 years of waste, squander- ciation attending the 63d annual 62.1 - track at the pre-war rate. & _leo t -in. 1 ; = . Pullman-Standard last week had 120 aps |W. and deficit spending, our gov-|senventon End expoRCR the n. Wide to Pair—87-In. Long R L ong wii og Rain 199 25 ernment is once again in the black? | Mu =} A ayon and Linen turned out " , Wi N |We can wait & few months for tax terials and allocation practices” |} sturdy cotton mesh weave, in ecru, OWELING ‘Pacific's 1500-car order. A secon ; | reduction, and then on a depend-|Prevented completion of 330,000 hemmed d head d Pair Li. 180 320 and headed ready to h: ‘Not . . line was working on a 1000 refriger 345 able basis be assured. the reduction [homes in 1946. th y ang. -iNote “Stevens” flora] border, for tea towels, ator ear order for Pacific Fruit Ex- 160 - is permanent. These would be finished this year | e Size and low price. Ad "dresser scarfs, curtains, press. Suppose our national income in addition to 670,000 more, he said. | % etc. 1 to 5 yard pieces. | 30% linen, 70% rayon. yd, .

should go down to $80 billion. That| (Next: Senator Byrd tells how was the highest point before the! {and where to save $6 billion.) war, in 1929. I do not think it will go down to! $80 billion, but I wish to set forth these figures. If our national income should go down to $80 billion, our tax revenue under existing taxes would go down to $14 billion, las compared to $38 billion which we now receive.

Asserting that the industry has | completed only 453,000 honies under {the Wyatt plan, including 37,200

prefabricated homes, he contended A. T. and T. Opens |that* ‘our goal is now to show. the;

‘New Circuit to Russia American people that, once freed of | | 'controls and regulations, we can! NEW YORK, March 12 (U. P).— and will bulld the homes they, The American Telephone and Tele- aod.” : graph Go Sid TasY 3 Jeena ye Other speakers scheduled for the | | COI i hich cl t between the United States and nveniion which. closes tomorrow,

Other plants around the country had similar orders for 4000 more. The Santa Fe just got the last of w 4ts order for 350 cooler cars, The wheels of industry are rolling again on peacetime goods. The plant here hasn't had a strike since V-J day. It's a union shop- of the A. F.of L, Brotherhood of Rallway Carmen of America. Its members are

30-In, BLEACHED

MUSLIN 19%

Good firm weave, suitable "RINSO and |

-for general household use. $1 sien Each * a

WHITE SHEET BLANKETS

Also Plaid Patterns

Full and single bed sizes with soft fleecy nap finish. These will be a sellout. Shop early. Slight imperfgets, 1.49 to 1.69 values.

Americans,

States to Moscow is $12 on week!

mostly of German and Polish de- Obtained From Experts Moscow lare: James C. Downes Jr, real | scent, thrifty people who have These are official figures which I {estate economist, and Upton Close,’ learned the wisdom of putting by have obtained from the tax experts Tie Le* channel Vg arranged |jecturer and radio commentator. SI DREF { something to tide them over in this of the treasury, as well as from the) icatm, of the awn, ee eee a RR While it Josie, c t ine business. § ts of " int tax com-| ‘adminis ’ ms Limi feast or dea doin i of the jo |the company sald. The rate for a: L eo Sowerby’ § Oratorio, X: a 2 Each. box V Nee ak systenn 15 nob on a sound | three-minute call from the United yi; Be Given March 23 1 Nr "go. 79:-89¢ TURKISH TOWELS

At a recent hearing before Sena-

basis. It is volatile and undependa- x . : Leq Sowerby's oratorio, Porsaken| " «Cannon. and Moor Brands Wrisley S

tor Clyde Reed's committee in days and $9 on Sundays. | ble. because it relies so heavily upon Washington, steel companies pro- eg of Man.” will ‘be presented at North en pig A] pod ta mupply malarial for bud. "Come (es, and DRrOUASY WD cle Wheat votmodist hare at 3. m. suc | 2750”; 2x40” Sizes TOILET SOAP ing 10000 cals. mOpLhlY, tad reoeiphs for 1948 are day, Mjich 23. i of hick, heavy 20 thirsty just about describes C perfumed scents. £ If attained, this rate would com- y a : With J. Russel Paxton direct them exc hat ; psoriad 8 perfumed based not only upon continuance of, | Tnsunspos tou ms ane goa, a LT So TH Cr ofit that Qieyre prety Desides- prac. ES

pare with a capacity of 160,000 cars tical. All whites, whites and pastels with colored

ir annually in all commercial shops. bat actually- upon ah a es Ne 1 a a. 2 Tow | Chicago bass-baritone, as soloist, | borders? : Railroad shops have an additional t unp! y prosp $1.55 per bushel; “oats testing “24 poundsithe oratorio will be sung by a-choir, ¢ : 2 for 1.00 . —- __ we now enjoy, 130 better, 88¢ er bushel: Neo, 2 we" of 50 voloes. . | F

The average De , income in March 12 . (Fie the 10 years before the war was arch 10, 368 pillion. I do not expect a resurn to such figures; but, on the

——— -

WASHINGTON y Government expenses and rec ' Al over pattern flocking nh current fiscal year through on fine weave." Eggshell i

compared with -a year Ago:

RAYON DRESS FABRICS |

Bonds of the United States Government, color.

Last, Year

This Year xpen: $26.602,331,381 $47,408,873. 442 ; ik iaie : 3 BERT. EHH REE from 250. Ts 20 or oven 3 | is Tatritmier and Inlag Possossions | 39 to 46-In. Widths. SEW and SAVE Prin Cash Balamce 6,186,394,850. _24.767.734,394 ; ; a ash | per cent decrease in the national vs at 3 rinted lat “in fa B11, 3 income. which would play havoe Municipal and Corporate Securities | Sans, Ruftiflements, French crepes, Cc tinted CRASH sy : ‘ —— Ian Be th Ras hs sac -Roat-Besate Bonds-end Preferred Sacks. — i a nit Tuli ssorte pastels, colors and - : Yd © 36-in, wide. Florals and y “txDIANAPOLIS osama aro crentesanothan Ma fre SR eri a 1 white, “ull bolts ang 1 to5-yd. Tengths, A : we °° stripes. | Also 4

Clearings

Debits 218 a1 000 tial deficit.. And another deficit in

{federal expenditures—coming_ three | |vears after the war, and after con- | Ll | gress had made an attempt to bal"PRICES SOR PLANT DELIVERY lance the budget—would shake the, Fouled: Hens, 4% lbs. and over, 29¢ | confidence of the American people under Leghorn hens, 20e, soft nasi “2 to its very foundations.

chickens, 5c; cocks and stags, 16¢; ponltry. 4c less Yan No It is for this reason that 1 am | 60c; No. 2. 87e. a .

Butterfat: No. LL. Eggs. Current Yee pia, 54 Ibs, LO case, | a6c, grade A large, 38c; medium, 4c; no | grade 25¢

A Dozen Dangers Threaten Your Home Every Day!

Guard against them al _ with a Grain Dealers

# -

Indianapolis Bond and Share Corp. | 129 E. Market Street |

Local. Produce

This advertisement appears as & matter of record only and is under ne circumstances to be consirued as an offering of these Shares for sale, or as an offer to buy, or as a solicitation of an ofr to buy, any of such Shares, The of ering is made only by the Prespecius,

383,434 Shares | Northern Indiana Public Service Company

/ Common Stock Without Par Value

: DRESS SUIT

Wool mixed in solid colors and plaids. Coat is double breasted, fully lined. Matching full slack longies. Blue, brown or gray. Size 4 to 14.

A SPORTS SUIT

All wool. Coat fully lined. Plaid

Price $18.75 per share

“AN Risks" Personal Tate sleeves and back and solid color front. Prope Longies are in plaids, Colors blue and

brown. Sizes 4 to 10.

DRESS SHIRTS _

Fancy patterns, 2 sanforized, back, and one pocke Blue, ° 4

Copies of the Prospecius may be obiained from the undeviigned. -

Bly th & Co, Inc. : i id

GRAIN DEALERS of MUTUAL AGENCY, INC.

March 12, 1947

1740 N. Meridian i WA-2458