Indianapolis Times, Indianapolis, Marion County, 3 October 1947 — Page 26

THE INDIANAPOLIS TIMES FRIDAY, OCT. 3, 1047 | |

Likens Grain Trading to Grid Tilt With Fans Battling - 5 - A yt

FRID/

Mus:

year was awarded by the arbitrators. Ww

& . - .

‘contends such of stocks has | | No One Gets Hurt—It's Just.an Old Custom |, Oita sich Spoor Region Juiay of vue 8 Witl Ta Among Board of Trade Operators * wants speulation raged byl, "CE ining 1. \ N1 " & | By CHARLES T. LUCEY, Seripps-Howard Siaff Writer Zina 1 EE reer | Some traders agree that specula- D EARSON'S pr —- CHICAGO, Oct. 3.~One of the world’s mest turbulent places these wake iat will UOP ~- Board of Trad g the market pay a larger “down tion drive a market up at a TY G = days is the wheat and corn pits of the Chicago e. [08 ae than at present. time like the present. But they - 4 ; GRAND OPEN It is like & big football game with several fights going on In the "ou Cry 4'or ede ty reluctant to that it cannot really change the , Z standss-or a bargain sale a minute after the doors open. do thin. 14 decraad a0 at in ‘ at work i ' po — It combines some more strident elements of a subway rush, a movie mew basic economic forces —and | —_— ow yj 3 fa h. hurt — it" t the WA (creased margins this week, but less these forces today are huge world] Twa E v = eertf A , B= on mob scene and a Vishinsky speee Xe one gets hurt — it's Jus yi |than Washington proposed. {demands gobbling up all the grain : Lo — = ed gr Sig the PIE at 9:30 a.m. today ward. The board contends that A sight. & presiden fp . HE \ r "2&1 began another session's furious No one kigws Jor mire Where the ‘Speculators Called Vital Need planning 4 x -— EA i Si iW : i trading. More Shan any marie in i? ott, men who! The board says there must be of overseas grain buying has accen- The i -—— g Cr SE Amer ny food om ‘have studied the market under speculators in the market or the ‘tuated the rise season v A — a ao. %. oY svi “ every kind of economic condition | They say that only a week ago auditorit 3 : your table. for 40 3, can't be certain. ‘big grain and milling accounts | the agriculture depart t was ; Grains are basic or eals, ¢ | would have nowhere to go when! honor gue ; . = They watch every world pulse- (talking of exporting 360,000,000 to duo-pianis «| -they fatten the 1 lue—the bossibllity of they do their “hedging” or insur- 400,000,000 bushels of wheat. Then LY In the . 4 apimals that pro- beat for a clue-ine pp Y ce buying to protect themselves | suddenly this last week-end the so- . Ce § y ~ |duce the meat [Communist revolution in Frafice of|, oo, o,oiont market changes once called Harriman board set the figure Jordan 3 Sia, and poultry you Italy, the subsoil moisture in Texas), ov have made long-range com-|at 500,000,000 bushels, liam G. I am " buy, .they make or Kansas, the newest whisper from | mitments. | That is a big enough aifference Womens "=_ [flour for your Washington. Drive out speculators, says the to mean greater grain scarcity, and “ Neu, Mu f . bread, cereals and All these things bear on tomor-|,,a.q and you lose the “liquidity” | hence higher prices, the traders say. Beta mus 4 ' other products row's price of corn, wheat and. marge must have. | So, down in the grain pits, little a Their price influ- #4 |oats—and the cost of feeding YOUr| ne grain traders say the gov- amphitheaters set in a huge floor, mee : ence extends to « [family ment’s own “botched” handling the h many flelds. Week ~~ Mr. Lucey | There's still bullish tient E> a Ee Ng ot | Info : ’ after week, now, with leveling-off the happy feeling that prices will] " th ket has moved up-,go higher, ’ -r ! pauses, the market has mo CENTRAL . 3 1 F Disagree on Spiral Price Trend - | . The big issue of the moment in ality of the agriculture department | y SPE( JIALS : . 3 1 T 11 ? \ dispute between Washington and reported recently that speculators | : e | the board of trade Is the extent to 5 : Lo which prices are being driven up pere esta pes Se of the trad 0 I L F E R M A K E k T : res by ig An SOrR Jur | measure son cone Choose from Fall's smartest platform modes in ha gh ONE: Heavy government buying| “Futures” is the term used when | Raat 0 Notas % 95 ’ : of grain for overseas ald, on the corn is traded in for future delivery | Compe With Raivrewt . So Mrs Nn one hand, ... as distinct from the “spot” or cur-| Shampes and Sut Res. 38 all colors. Priced low to save you several “president TWO: By wild speculation by rent market. Futures are desig-| Nationally Advertised i of Clubs, people trying to make a quick, easy nated by the four chief months of | Machineless WELENE SURYIS dollars a pair. The platform sandal sketched in Seventh ; killing, on the other. delivery—December, May, July and PERMANENT or Machineless ; black suede the Clayp The commodity exchange author- September, PERMANENT . 0 “Wome er —— rere hampoo, Set, T8¢ 1d aff! NCAGU Opens 1947 Classes Rig $8 BES |e pO — en P | ' ROUX TMNT RETOUCH a wider, The Normal College of the Ameri- Leffler, Wima Theil all of Indian- | $ 95 $ 95 95 world,” M can Gymnastic Union of Indiana apolis; Mary Lou Phipps, Kokomo; | Wk Bot wal ™ $3 With Bet “The a . : Lois Ann Scott, Jefefrsonville; Vir- | today's pi |Undyersity opened this week for the J "Nye “pighland, and Gertrude! | [amromaes AIOTLAR S173 RIL the. abil 1047 course. It is part of the uni- Woblge smuth, East Chicago, ADVERTISED COLD WAVE New Only $60 a — 35 E. Washington St. ant dress versity's new school of health, phy- wm a pattern sical education and recreation. Dr. PLAN BABY DE DIC ATION in cultur 'W. W. Patty is dean of the school Prospect Chapter, OES, will meet | [0 E M 11 54 1 L 5 3 , U T \ suits a8 i {and Mrs. Clara L. Hester is director at 7:45 p. m. Monday for a baby! . “In ord lof the college. dedication, Daisy M. Crist, past COLLEGE . members | Indiana students who received worthy grand matron, will offici-| . on scholarships to the school were Joan ate, She will’! be assisted by Otto 209 Odd Fellow Building Phone Lincoln 9 Add 13¢ on maf! orders. No C.O.D's. hi © ' Crawford, Mary Lou Irwin, Patricia W. Cox, past: worthy grand patron. Entrance 11 North Pennsylvania Street forces ar . — ” " " # - help to 1 mp— _— construct Gg against tl : : J » p cluded. _ reel Nomine i ; Te loting op : Mrs. C. : 2 : president P . . . tng secre ’ = . ; ingham, ; - y 5 Gray, dir E . , in i, . i 4 "s ? ‘ “The d IN PRIZES J : f 3: : to Save f : every we ” ye ; 4 tribute ; SE ) = approved : correctiol . tion picty tive mea ] States of ” and urgi ¥ - kinderga Other included chester, | State Fe ’ > Humphre FOR CLOSEST ESTIMATES ( 1 / ¢ 9 . the “Yo Piano — Magnavox — Frigidaire — e ( To Gas Range — or any one of 60 valu- «Why able prizes given away : Ne BL be lan at t. NOTHING TO BUY! Indianapolis Railways, in agreeing to the active to May 1st. Then, book records show, had the pay vg No §i c tone ho Wri 5 f J d 3 ol increase been in effect during the first eight months of Capay © Slogans or Lompositions to Y¥rite arbitration of wage demands, agreed, also, to . yp | g y Sgreea, ? 1947, the Company would now be short $98,000.00 of . ou Ag Just Hi ~ntect . : . d b d 0 Thi be introc ust an easy interesting contes ! accept the final findings of the Wage Arbi- paying operating expenses and bond interest. This sets Miss ] } Ae least and ratit 16 e 00 ducted to add ple i's ana pi | the pattern for the future unless relief is provided by Committ those who visit the NEW PEAR ON > frali B d tions of during the GRAND OPENING DAY | i Falion Board , + » the proper authorities. . made fo 4 —TODAY, SATURDAY. and MON: | Rigere DAY from 9 a. m. to 10 p. m. Before | Indianapolis banks, aware of the public's need for fomorror ntering the store take special note of bh . . . . . : — : ® 3 ne | ® lad | ; ut, in presenting its case to the adequate transit service, have arranged to help finance the height ot the ZZ toot helium-tilec diriaible floating in the air . . . then . arbitrators, Indianapolis Railways asked that any in- through conditional sales contracts the purchase of new write your estimate on a contest card } crease in wages be made contingent upon the ability of vehicles, scheduled for delivery this fall. But neither they and drop it in the box located near the [| J ‘ : . J : J front ‘door. That's all thare ic ta if | the Railways to obtain from the Public Service Commis- nor any other agency can make up the deficit under | . < d < | € t » | . : you'll be notified by mail if sion a rate structure that would make possible the pay- which the Railways must continue to operate with the or if Vou win one of tha la er prize : ) . . . Pe ment of that increase. present rate strucfure. . we will aeliver it to your home FREE : . | * . . . . . . . . . . In its ruling the arbitration board stated, “ When Indianapolis Railways is fortunate in that its opervivir oo iy | the arbitration board has fixed the wage rates, the appro- ators and other employees are loyal and conscientious. | priate fare-making body should then set fares, in accord- Through the support of Indianapolis banks, it will soon Vo ance with proper standards, including the wage rates set have the equipment needed to improve further its service. | by this arbitration board as costs. No other procedure It is unfortunate, however, in its inability to charge rates | ' ' ; ' . ‘ ; | in the fixing of wages and fares, which are necessarily sufficient to pay for these two essential elements of service . : ‘ ‘ : ‘ interdependent, by different bodies can be workable.” and to meet constantly increasing costs of bperation: | os A wage increase amounting to $378,000.00 per | | | | | | |

TODAY Since the arbitration board refused to make the . : . | . TORBAY ! wage inlrease contingent upon ability to pay, the'Rail- I Nf [) i JA\ Nf JAN 1D ©) ih I S SA | ways now face a financial dilemma. First, the sum of poe, AND | approximately $130,000.00 must be at once diverted 'G MONDAY 1} from other essential purposes to pay the increase, retro« RA AN I IL AY Se I WN C, FROM HW : : | UNTIL { 1 0 P. M.