Indianapolis Times, Indianapolis, Marion County, 27 June 1947 — Page 3

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Holds Steady, Index Reveals

Variation Slight Since January

Times State Service BLOOMINGTON, Ind. June 27. «An indication that Indiana business may have reached a plateau was revealed today in the Indiana Business Review.

At its present level the index of|

Indiana business is about where it stood in January, and the maximum variation between the high and low point since January has been but slightly more than 3 per cent, Indianapolis business in May regained much of the ground lost in April as the index of the I. U. bureau rose about 2 per cent during the month. Shows Little Change “Many of the usual indexes of the trend of business showed no gain or loss in May,” the Review said. “All of the principal price indexes, the cost of living, wholesale prices, and farm prices, which have been advancing since the beginning of the.year, were unchanged from their April levels. Manufacturing employment, which has risen gradually since January, was about 1 per cent lower in May than in April. The usual change in. factory employment between April and May is a rise of aout 1 per cent.” According to the I. U. business publication, the dollar volume of retail trade, as indicated by figures somewhat incomplete, was about the same as in April. “There has been an appreciable rise in the retail prices of many ftems, but at the same time retail inventories are becoming much more complete as shortages of many ftems are disappearing and many of the new items in the average retail inventory are low-priced items not available a year ago,” the Review said. Butlding contract awards in May were the highest since August of last year, the Review explains. Newspaper advertising was fractionally lower than in April, but close to the average for the year thus far. Coal Output Average Coal Production was close to the average month of the first quarter, and much above normal for May. Bank debits were slightly lower than in April, continuing the trend begun in March. In Indianapolis, newspaper advertising lineage decreased almost 4 per cent in May but was 27 per cent higher than May, 1946. Post office receipts showed a 7 per cent. gain for the month and were 9 per cent above a year ago. Bank debits rose 4 per cent during the month and

a May — i x te bi if ike a Ly d X A ¢

attended by numerous princes, other notables.

WEDS COUNT-—Romance culminated when Mary Aline Griffith (above), of Pearl River, N. Y., was married to Count Luis de Figueroa, grandson and heir of Count Romanones, holder of one of the largest fortunes in Spain. The big wedding, held in Spain, was

Acme Telephoto.

princesses, dukes, duchesses and

and escape from the furor caused flashing over southern Washington

He said a preacher called him

Controllers Elect Hodges President

Dale Hodges, treasurer of Diamond Chain Co., has been elected president of Indianapolis unit of Controllers Institute of America. The election was held at the organization’s annual business meeting yesterday. Other officers named are: J. Kurt Mahrdt, Indiana National bank cashier, vice president; H. E.

were 16 per cent greater than thejsecretary, and Robert Lay, Cum-

corresponding month of last year.

Building construction totaled| treasurer.

$1,961.445 and include $1,165,932 for residential purposes to house 186 families. Manufacturing employment was down, being almost 4 per

eent below April. Pay rolls, on the other hand, were up 1 per cent.

STRAUSS SAYS:

A NEW

and Russell Showalter, Kokomo.

JODHPUR BOOT—

from a particularly good

shoe maker

in the East—

J. M. Connell—who knows what it takes to make a

really good

boot. For these—

he uses very fine calfskin—

makes them that insures

with the care perfect fit—

comfort and long lasting gooa . looks. Note the elastic in the sides for snug ankle fit. (There is also a strap model if you prefer.) The price is

2250

STRAUSS hE * L. STRAUSS & CO., INC. . THE SPECIALTY SHOP IS ON THE THIRD FLOOR

1 ok

Bug-Eyed Pilot Now Wishes He Had Kept His Mouth Shut

Story of 1200 MPH Saucer Planes Kicks Up

Furor for Idaho Businessman

PENDLETON; Ore. June 27 (U. P.)—Kenneth Arnold said today he would like to get on one of his 1200-mile-an-hour “flying saucers”

“I haven't had a moment of peace since I first told the story,”-the 32-year-old Boise, Idaho, businessman-pilot sighed.

Lohmann, Ayrshire Collieries Corp.,man who saw the men from Mars.” mings Engineering Co. Columbus, |“sobbing that she would have to do

Directors named include: A. F. Mack, Horace T. Mathews, Richard A. Rice, Bernard C. Schaefer and |fire control equipment firm, startled Herbert H. Winkler, all of Indian-|the country yesterday by reporting apolis; George E. Myers, Muncie, he had seen nine shiny round objects

by his story of mysterious aircraft

from Texas and informed him that the strange objects Mr. Arnold claims to have seen batting through the ozone actually were harbingers of doomsday. Mr. Arnold said he didn’t get the preacher's name during their phone conversation, but. the minister said he was getting his flock “ready for the end of this world.” Meri From Mars , That was unnerving, according to Mr. Arnold, but it wasn't half as disconcerting as the episode in a Pendleton cafe. Mr. Arnold said a woman rushed in, took one look at him and then dashed out shrieking “there’s the

She rushed out of the eating place

something for the children,” Mr. Arnold added with a shudder. Mr. Arnold, a representative of a

skimming through the air in formation between Mt. Rainier, Wash., and Mt. Adams. Mr, Aronld said he was able to clock them with the stop watch on. his own plane's instrument panel. He said they were spinning off a neat 1200 m. p. h. Wonder What Wife Thinks “This whole thing has gotten out of hand,” Arnold went on. “I want to talk to the FBI or someone.” “Half the people I see look at me as a combination Einstein, Flash Gordon and screwball. I ‘wonder what my wife back in-Idaho thinks.” But al} the hoopla and hysterics haven't caused Mr. Arnold to change his mind or back down. He doesn’t care if the experts laugh him off. He said most of his aviator friends tell him that what he saw were probably either one of two things: New planes or guided missiles still in the U. 8. army air forces’ secret category. Some theorized they were experimental equipment; of another nation, probably Russia. +» Facts and Figures “Most people,” he said, “tell me I'm right.” But meanwhile, aeronautical experts in Washington and elsewhere were teeing off. on Mr. Arnold's story with facts and figures straight out of the books. Their principle point seemed to be that if Mr. - Arnold's saucers moved as fast as he claimed, they couldn't have been tracked with anything short of radar, The fastest man ‘has yet flown is 647 miles per hour—a record set recently by Col. Albert Boyd in a P-80, -

Reckless Driving, Drunk Charged

John E. Smithmeyer, 63, of 4707 Park ave, was charged with reckless driving’ and drunkenness last night after an accident on the North side, Police said an automobile which Smithmeyer was driving crashed into a parked car owned by Thurman Gottschalk of 30 E. Ninth st, former state welfare director. The accident took place in front of 4240 Broadway. Mrs. Mary Smithmeyer, 48, a passenger in the

| jured. Earlier = yesterday, 13-year-old Alleen Black of 900 Indiana ave. was struck when she rode her bicycle across Indiana ave. at 10th st. into the path of a car operated by Edmund D. Locke, 26, of' 703 8. State ave. ; : She “was takén to City hospital unconscious and her condition to-

Smithmeyer car, was slightly in-|-

day was reported fair.

ic?

ih STRAUSS SAYS: ot

| IS A GOOD DAY T0 DROP IN FOR

A SUMMER SUIT

And it shouldn't surprise you—if we should say we know of a good place to come for it!

We are, admittedly, prejudiced - in favor of a certain store situated where Illinois Street meets Washington. The bronze lettering on the building reads—'"L. STRAUSS & CO., Inc."

’

But even if it were not a: personal matter—even if we were totally detached from the : mercantile business—we would make the same suggestion!

Prices begin at SEERSUCKERS at 19.50... to a select collection of Gabardine suits, luxurious they are,

TOMORROW

Because—first and foremostly—the Man's * Store is a CLOTHING STORE— clothing isn't a ‘department—or a side issue—it's the business itself.

And into this clothing business is woven a pattern of quality— of taste—of fit—of a surety of

satisfaction that has won it national renown.

Which brings us right down to

cases (crystal clothing cases).

There has been a considerable

influx of summer suits—

augmenting our rather sizeable stocks—Tomorrow we've prepared "for a very active demand— (If you can—try shopping in the ering please—Store Hours are

9:30 till 5).

‘A great range of fabrics, styles, colorings—and a VERY BROAD PRICE

SCALE.

light in weight and soft—from Hickey Freeman—at $112.50

There are special concentrations of TROPICAL WORSTED SUITS

ey | at $45 and 37.50

3 5

L. STRAUSS & COMPANY, ne. T