Indianapolis Times, Indianapolis, Marion County, 8 May 1947 — Page 26
i 4 3 i
omy Two Years
‘Surrender
e psigned. Reconstruction Barely Begun; eople Fear New Conflict Over Their Soil
By CLINTON B. CONGER » United Press Stal Correspondent FRANKFURT, Germany, May 8—Germany surrendered two years "igo yesterday. A picture of the country two years afterward is not an encouraging one, either to thinking Germans or to the four occupying powers. . There is not even any early prospect of a.peace treaty which would restore the country to the family of nations and end the paralyzing uncertainty. Here is how things are, approximately, with the average
P Peo
3
Utility's Income
Down for Quarter|
Power & Light Revenue Up for 12 Months
The Indianapolis Power & Light Co. and its subsidiaries today reported $1,161,504 net income for the first three months of 1947, compared with $1,161,766 for the same period in 1946. For 12 months ended March 31 of ; _ this year the company netted $3,"360,958, compared with $2,626,745 for a similar period ending March 31, 1946. Total preferred - stock dividends m he Ars three months this ear were 130088 compared with ‘$184.33 lam year. Dividends for ~ the 12-month period ended March 31, 1947, were $501,809, compared with $738,157 for a similar period ending March 31, 1946. ha Costs Increased These figures were made public’in a comparative consolidated state- * ment of income, approved April 30 by the board of directors. lion statement said the company is experiencing increased operating ‘and maintenance costs which will affect the results of operations in the subsequent months of 1947. On May 10, 1946, said the report,
*..- the company called for redemption
0f-140;591 shares of its 5% per cent cumulative preferred stock ($100 par value) and issued 100,000 shares of 4 per cent cumulative preferred stock ($100 par value). It also sold an additional 142,967 shares of common stock, making a total of 857,802 shares of common stock presently outstanding.
Local Issues
Nominal quotatiops Jursisned by Indisnapolis securities dealers STOCKS
Bid Asked ents Fin Corp com ...... 7 : American States pfd ......... 5 American States cl A ....... 32 [.. L. 8 Ayres 4%% pwd ...... 108 285: 4
Col com
Belt R Stk Yds pfd Bobbs-Merrill Bobbs- Merrill Central Soya com Cirele. Theater com Loan 49 Cont Car-Na-Var crrane 2 Consolidated Tgusiries ‘com. 3 5% Consolidated Industries pfd .. 3% 4 Cons Fin Corp pfd ........... 97 100 Delta’ Electric. som 141 152 Electronle Lab com .......... 3% 3% Pt. Wayne & Jackson RR" pfd 7 91 erff-Jones cl A pfd 3% 00 co . Ind Asso Tel C 2 pfd Ind Gas & t co Ind & Mich E L 4% is P & 27 Indpls P& L % } Indianapolis water pfd es Indpls Water cl A com 20 : Indpls. Railways com ... 12 i Jeff Nat Life com ....... 15a 17 Kingan & Co com ... 3% 4% gan 4 Co pf ............ 6 80 Lincoln Nat Life ............. 54 5612 Lincoln Loan Co 5%; pfd ....100 . Marmon Herrington com .... 6% Tha Mastic Asphalt. .............. 8% 9% tl Homes com ............. 12 13
German — call him Willi Schultz: Schultz has an empty stomach but a bellyful of occupation. He is a profound pessimist, . thinking mostly in terms of food, shelter and cigarets, but very little beyond.
Accepts No War Blame
He agrees that those who dragged him into the war should be punished. but accepts no blame for himself for following their leader-
ship. He tends to feel sorry for himself. The allies have replaced the German government, so Schultz feels it is their responsibility to clothe, feed and house him, repair the war damage and put Germany on her feet again. Schultz is obediently willing to be “democratized” but is not particularly interested. He votes dutifully, as always, but feels that politics entails intricate maneuvers best left to the experts. He cannot comprehend that the best way to remove incompetent officials = is through the polls rather than by protesting to the allies. Schultz is too much interested in food to argue much about whether Germany should be federalized and centralized. He feels that he is entitled to an early peace treaty, without high hopes of getting one. Since the four occupying powers cannot find unanimity on Berlin's municipal ‘affairs, how can they agree on Germany's future, he asks
Fears New War
Above all, his gloomy mind is gnawed by the fear that Russia and the western powers will fight as soon as they catch their breath and he more and more realizes that Germany should be the first battleground if it happens. Even in springtime, affer a bitter winter, Germany presents a rather grim picture to most of the 65 million Willi Schultzes. Two years of effort to restore normalcy have seen the food ration drop even lower than in war-time and the Germans fear another cut before the next harvest. Reconstruction is negligible and few towns are even clearing the rubble, beyond opening the’ streets
‘{with bulldozers and stacking the a|debris up where buildings once ‘stood.
Industry is at a low ebb, marking time until the reparations ques.|tlon has been answered. The
ttrickle of exports has a slight cheer-
ing note. for economists but means
Some Germans Hopeful Thoughtful Germans are hopeful
i for their country, but only on a ‘|long-term basis. They feel that
Russia and the western powers must find a way to get along together
|or Germany will become a pawn and
a bone of contention. They feel also that the four zones of occupation
See Our Large Displa 333. W. Washington St.
BRING IN THE pic
DR. JOS, E, KERNEL
We're a bit “torn-up' during our modernization program, but we're doing business as usual! Pay us a visit!
—<& Hamilton's — DIAMONDS 4 WATCHES APPLIANCES
TRACTION
TERMINAL BLDG, °
DIAMONDS—WATCHES SPORTING G00DS-CAMERAS
C. al i AA LEH ET [TTT
eps North Lyric Theater
| EAST SIDE
1 , | Open Dall, DA. Close 12 Noon
19 EAST MARKET ST.
A—————
11.8216 FURNITURE L. 8216 . 2405-07 E. Michigan St.
9:30 A. M, to B:00 P. M
Furniture - Appliances - Radios
plane, established a new jet-pla 51,000 feet. The craft is powe Britain's most powerful gas turb
By DAN L. THRAPP United Press Staff Correspondent LONDON, May 8.—British government hunters in Africa are shooting thousands of zebra, gnu, and springbok as the first move in a plan to clear 3,210,000 acres of big game country for peanut plantations. Carcasses are left to rot in the African sun. “Once the game knows it is an unhealthy area, it will disperse,” according to Frank Samuel, managing director of the United Africa Co., which is handling the longterm project for the food ministry. He ssid the game slaughter was necessary to assure success of the government’s program to relieve Britain's acute shortage of ‘edible fats. , Plan 107 Ranches Food Minister John Strachey described the project as “a great and many-sided war operation conducted against enemies no less formidable than wartime opponents.”
HIGH FLYER—The Vampire I, British.
army and navy tests in the United States.
Peanut Ranches to Replace African Game Country
Labor—
| |Storm of Labor LeHers |Is Shifted to Senators
— Toor —— To 9P. Wo
~ Mother Loves Tis
jet-propelled fighter ne altitude record by soaring to red with a Rolls-Royce "Nene," ine engine, which recently passed
[107 highly mechanized ranches of some 30,000 acres each. All would
be devoted to the raising of peanuts, or “ground nuts” as they are called in Britain. The land selected for the plantations is mostly of the wveldt, or plains, variety. Now the area is the home of animals considered typically African, such: as the zebra, giraffe, gnu, or wildebeest, and the springbok. When asked what would happen to these animals, Mr. Strachey said, “let me have them for our meat rations.” Mr. Strachey said the enterprise with “neither socialist nor capitalist.” The total cost of the project was estimated at $104 million. Officials estimate that the plantations should produce 600,000 tons of peanuts annually by 1950-51. The eventual yearly production has been estimated at 800,000 tons. Production costs at first would average about $72 a ton, but officials believe the ultimate cost will
The food ministry plan calls for
be about $56 per ton.
little to the average German, who! 2 does not care whether the revenue “iis paid to the occupying powers for 2 his rations or made into a living 2 | credit.
Heavy Water
By Science Service WASHINGTON, May 8—Heavy water being sold by the atomic energy commission for research purposes is really a sale of leftovers from the atomic bomb project. 2 Deuterium oxide (that's what heavy water is chemically) is a material that slows down fast neutrons, the “triggers” of the atomic bomb or the chain reacting uranium pile. In American work on atomic energy, very pure carbon in the form of graphite was used as the “moderator” or slower-downer of the neutrons. But the Germans planned to use heavy water for this purpose and a plan manufacturing it in Norway was the target for one of the most lintensive bombing raids of the war. | Evidently the Manhattan district {hedged by producing heavy water for possible use as a moderator, because the scientists were not quite sure that the graphite would really work and time was more precious than money. Possibly some heavy water was used in some chain reacting piles, but details are still under wraps
Up for Sale
Left From A-Bomb Project
Heavy water which has two atoms of double-weight hydrogen called deuterium in its molecule (the rest being an atom of ordinary oxygen) will be sold to experimenters whose use of the precious stuff is approved by the atomic energy commission An ounce will cost about $15. An ounce of the liquid can be visualized as enough to fill what a barkeeper calls a jigger. The official’ price list reads 50 cents per gram for the first 100 grams. Deuterium as gas can also be purchased at a dollar a liter, which is somewhat more than a quart. - Different From Hydrogen
Heavy watér has a molecular weight of 20 compared with 18 for ordinary water. This difference in weight is sufficient to be detected by a mass spectrometer in which instrument the path of the heavier atom is different in magnetic fields than the ordinary light one. Light! from a discharge tube containing deuterium is different from that containing hydrogen..Just what happens to hydrogen in the human body or other living things will be studied through the use of the deuterium which is tagged
of “secrecy.
becguse of its higher weight.
Hog Prices Fi
Common — 700-1100 pounds 15.00@ 18.50 |
HEIFERS
Chotce— 600- 800 pounds ............
800-1000 pounds 23.25@25. 00 |
Good600- 800 pounds .....cce00nuin 21:[email protected] 800-1100 pounds ..@esseseenn. [email protected] Medium--500- 900 pounds .....e..u0. [email protected] Common 500- 900 pounds ........ .. [email protected] © Cows (all weights) BOO + ouoiiniavins avira 16.006 18.00 Medium... rariniea [email protected] | Cutter and common ee ee [email protected] | Canner .. FI 9.25@1l. 78 Bulls (all welghts) Beef Good (all weights) ........ 1750@18. 00 | 80 CAP e— ? Good “sienserannen veesena ass 11. [email protected]| Mea,unr . 16:00617.50
Cutter and medium ... .. CALVES 180%) ‘ | Good to “choice | Common and medium esha nea Culls 76 pounds up) ...®.... [email protected] Feeder and Stocker Cattle and Calves Calves
. 24.004 26.50 12.00 24,00
IN ON A NEW
FUR COAT
BISHOP FUR CO. 3 nd Floor Kaba ids.
TRADE YOUR CLOTH COAT I)
You Save Because We Save Men's Suits & Overcoats
187 21% 924" CASE CLOTHES
See PEARSON'S wie MUSIC CO.
Trustworthy Since 1873
128 N. Penn. St.
215 N. - Senate Ave. Open 9 to 9
y i ———
cL
rm Here;
Cattle Quotations Steady
N Ind Pub Serv 5% ......... 110 i " i tod hile | Nios Bot Boos oo lo 19 |must be.made economically and ad- Hog prices were firm at the Indianapolis stockyards ay while P R Mallory com .....,. 24%! ministrativel other classes held about the same as yesterday. Progress Laundry com. . 5 TRUVEO PRE: Ste d heifers sold readily at steady prices. Receipts today were Pub Serv of Ind com .... 443% | Conservative politicians see com- ers and heuers § y yp y Tub Serv of Ind 3%% 96'2 |munism as a greater danger than |6525 hogs, 825 cattle, 525 calves and 250 sheep. 088 ar ool com ...... 32 Tr So Ind G&E 43% pid Lo. 100% 111%; after the first world war. They ob- GOOD TO CHOICE HOGS (625) ~ | ten y-van. Camp pid ....... 3» 22% serve the firm entrenchment in the ers lc re « Stokely-Van Camp com ...... 16% 18%... So Butchers 7 Je inte dale 1 vp Soviet shme of a strong organization 13: 18 power open 2 ne 32383 . . . : - unds - United el Co 5% en Rod discipline, which appeals to| jgo- 180 pounds ... eo. 4.00G24.25| Good— nas 38 SBE os jon Title com ............. 180- 200 pounds .. .. [email protected] poun . , 00 | ow 4% ....|Germans as the proper answer in.a| 180- 200 Sounds .. © 3000s 5a] 800-1030 pounds ...... veil 17.0001850 | BO DS crisis. As despair and depression 220- 240 pounds .. [email protected] | Medium— Sintrican Loan 415s 8) i----- 5 ++ |spread over the country, even the| 240- 270 pounds -. . 39°75@33 75} S00-1000 DOVE ,..evsessse [email protected] Buhner Fertilizer 55 34 ©1197 ..i [conservatives lean toward socialism.! 3n0- 390 bounds 3 a 500-900 pounds... 12.00814.00 Citizens Ina Te] 412s a1 ... 103 | The fact that the Germans expect | Veg: 360 pounds [email protected]. cpojce— ’ Columbia Club 1! 3 ped Megdium— Closely Sorted ............... .00 Consol Pin Tb Ha Ss : to be led and hel tends to split | 160- 220 pounds ...........:. [email protected] Gost Y One ne aan 2300 2237 Delta Coll sta 36... 29 he four powers more and more on | Packing Sows : | Medium. and good ... ... [email protected] rich Bros 4s deb ..-|{what methods should be used. Thus Good to Choice— Common iewenreiiezesaes [email protected] amilton Mfg Co 5s 56 “ee 270- 300 dS L..iiiieieienn 19.50% 20.00 Hoosier Crown 5s 356 : ‘|help for Germany becomes more re- 300- 330 en inrbenehere 19 5020.00, Good and EW id hare) .. 8.000 9.00 i. oi maa Alv i 55 56 0.0 107 mote, | 330- 360 pounds ........ee... 18 30015 301 Common and medium 7.009 ia a £01 8 RAD JY ieee “4 i - INAS ...ce0vv0s00. 30@ 50! 4 dis Rajiways Co 5s 67... 84 *| Willi Schultz used to walt when i 00 pounds BNg!ls enon Te or ‘03, 103 |he was not marching. Now he finds| 40. 430 pounds ..:.......... 18.25 19.00 u. S. Statements ‘Bhhner Packing Co 4s 54 . .. 99 life not geared for either. He hopes! 430- 500 pounds ......ee.v... 18.00718.50 | = —— d Pub Serv 3'%s 73 ..... 10612 107% - | b Serv of Ind 3s T5 107 © 109 | for one world but would settle for Metufn= 0 [email protected] WASHINGTON, May 8 (U. P.).—Govern- | {fel 416.55 ... ..@..... 97 {one nation, operated as a going con- | s Pt ment expenses and receipts for the curTrad Torn hy » 88.87 +... 96's 99! a | . laughter Pigs rent fiscal year through May 6 compared Bividen nd. cern. i 90- 120 pounds . [email protected] | with a year ago: — CRO CATTLE (825) This Year Last Year 700- 900 pounds 23.50@ 26.50 | Expenses $33, 920,052,714 $54,839,826,320 J8- 1100 pounds PTY 24 00 26.50 | Receipts “35,402,704 982 36,074,405, 4401 1100-1300 pounds .....,ee000.. [email protected] Surplus 1,473,652,267 IN [1300-1500 pounds .......eee... [email protected] | Deficit, . 18, 785, 415, 880 | | Googe. Cash balance ~ 4,061,048,563 19,381,450,908 {700-800 ds ... 29.00@2 Public debt 257,732,672,505 272,859,014,351 WEAVI N G JORDAN BROS. | $00-1100 pounds |... © 3300034 00| Gold reserve 20810837206 30,249,501,635 CABINET co 1100-1300 pounds . 23:[email protected] | nets OLES — BURNS Sat ow da 1300-1500 pounds 23.00@ 34. 80 INDIANAPOLIS CLEARING HOUSE media very on 0 | Medium — [Clearings .....cc..ovvvuerniens 11,713,000 LEON T NG CO, BUILT-IN CABINETS } 700-1100 pounds ......ceeuen. 18002230 | Debtn — ..oorrereeirseenne ns 331,346,000 I ORI 6 . * ‘B{1100-1300 pounds ............ [email protected] | 7
| GAS HEATER BLOWS UP
| lighted burned William H. Pilkinton, face.
police and taken to Veterans hos- | pital.
BEAUTIFUL
KNEEHOLE DESK 329.95
Furn. Co. Shelby 773 Sheivy
[} in a walnut | veneer finish
Furn, Co. Hub i's wash.
_|subject.
|
| An automatic gas heater “which [email protected] | €xploded this morning when it was |
7, 236 8. Parker ave., on the | He was given first aid by
er LL Insurance
. It pays to call the
MUTUAL AGENT
Grain Dealers Mutual Agency, Inc. 1740 Notth Meridian 5. © WAbash 2456
House Mail Falls Off
petitions that opened up several Until April 17, when the house
Senator Robert A. Taft (R. 0), the committee chairman, is getting about 300 letters a day on the labor Senator Wayne Morse (R. Ore.) and senator Claude Pepper (D. Fla) prominent in the § Taft opposition, \ get about a third as many, accord- © ing to a check with their offices. These senators and others say most of their
Mr. Perkins mail supports them on the union
issue. Apparently the letter-writ-ers pick out senators they think will be sympathetic. There, they tell Senator Pepper what they think of Senator Taft, and vice versa. Ball Gets Most
Senator Joseph H. Ball (R. Minn.) gets more labor letfers than any other senator. That is probably because he has been an active advocate of new labor laws for several years. He has made many speeches around the country on the subject. The Minnesota senator gets much criticism from union sources as well as praise from people who think unions should be controlled.
To his office also come the hu-man-interest stories of “this labor law fight. People from most of the states write to “Joe” Ball. For instance: The woman in Seattle who adopted taxi-driving as a way of making a living and to get plenty of fresh air for a tuberculosis condition. The A. FP. of L. teamsters’ union took away her card. Paid for Phony Trip A small trucking operator who sends in a photostat of a check for $19.43 indorsed by a union member, “in full payment for trip to Newburg, N. Y., and return, which I did not make.” Wives of union members who condemn union control of their husbands apd say “the old man is afraid to. write.” Unionists who inclose postal cards
“what you are up against.” . A war veteran who says he ‘was barred from a job in New York by the A. P. of L. electrical workers, and who asks: “Do our great body of lawmakers
business was heavy on the house side. labor committee and now it goes to the senate at large.
given them at union meetings and|. send them into tell the senator!
After Hartley Bill
Passes; Ball, Taft Chief Targets
: By FRED W. PERKINS Soripps-Howard Staff Writer > WASHINGTON, May 8.—The cloudburst of letters, telegrams and
months ago when labor legisladion
became a hot subject in congress, is now concentrated on senators.
passed the Hartley labor bill, postal Then it shifted to the senate
40 million American citizens can obtain a job on a federal building in sprocess of construction because he cannot get a membership ticket in one of these union private clubs?” Printers on Both Sides
The typesetter who wrote that the International Typographical union had barred him from a job in Chicago; "said it looked to him like a “closed union” as well as a closed shop; that “this is the first time I have heard of a man with a family being refused the right to work.” An I, T. U. member who writes, “I like working in a closed shop. There is no dog-eat-dog competition where one man tries to do more than the man next to him. The foreman sees that we do a day's work for a day's pay.”
Army Asks War Plants Be Built Underground
WASHINGTON, May 8 (U, P.).— The army air forces expressed the view today that complete underground factories would be “the most practical against air attacks. The AAF said Germany had 143 underground factories in production by the end of World War II. It said if they had been adequately planned. they would have been safe from any type of weapon used against Germany during the war.
Local Produce
PRICES FOR PLANT DELIVERY
Poultry: Springers, 3 lbs. and over, 33¢; Leghorn springers, 28¢c; cocks An Rags 10c; hens, 4'z lbs. and over, er 4'2 and Leghorns, 20c; soft ai chickens, 25¢; No. 3 poultry, 4¢ less than No.
Butterfat: No. 1; 50c¢c; No. 2, 56e¢. Eggs: Current receipts, 54 lbs. to case, 37c; grade A large, 43c; medium, 38¢; no grade, 33c,
Truck Wheat
Indianapolis flour mills and grain elevators are paying $2.40 per bushel for No. truck wheat; new No. 3 yellow corn, $1.54 per bushel: No. 2 white corn, $1.54 per bushel, oats testing 24 pounds or better, 89c; moisture, $2.90 per
PRESCRIPT IONS
yellow soybeans, bushel.
14 per cent
2
in congress realize that not one of’
| IKEENE
LCR ]
available protection”]
With Rayon Tatete shade] and Contrasting Trim
Next Sunday Is Mother's Day 22.CARAT GOLD TRIMMED HANDDECORATED CHINA TABLE LAMP
Specially Priced for Mother's Day
For that endearing day when Mothar takes the spotlight t of the hour.. Express Your deep sentiment with 8 gorgeous Deana Lamp, Hand decorated in lovely design; complemented with 22-carst
gold trim.. Height 26% inohes. ~~ USE YOUR CREDIT
AE RAVES
WASHINGTON ST = 417 MAIN ST., BEECH GIOVE
|
|
}
|
2500 Colorful
COTTON
EO
IN OUR BASEMENT
USE OUR LAYAWAY
ON M( D.
GIVE
36 N. PE
o