Indianapolis Times, Indianapolis, Marion County, 28 November 1948 — Page 55

om tg eT

SUNDAY, NOV. 28, 1948 .

The Week In Business

Gov.-Elect Schricker May Tip Hand On Legislation Before C. of C.

By HAROLD MH. HARTLEY, Times Business Editor INDIANA BUSINESS will lend an attentive ear to the remarks of Gov.-elect Henry F. Schricker tomorrow noon when he addresses the pre-legislative conference of the Indiana’ State Chamber of Commerce in the Athletic Club. Naturally business is apprenhensive. New taxes to finance ‘government-sponsored social reforms are in pros-

pect. These will be paid for by corporations and increases in the income taxes of the higher income groups. At least t is their thinking. Whether Mr. Schricker follow national -

; 4

will

ground. He is a notable . conser- B+ He. Hartley vative, not given to latter-day high tax principles. Business men hope Mr. Schricker will stick to the middle of the

redistribute the cigaret tax on a per capita basis and spread the highway money around not on a county basis but in proportion to the use of roads. The meeting is the annual session of the State C. of C. and there is no thought in the mind of Clarence Jackson, vice president and managey to tell either the ‘Governor-elect or the new legislature what to do. He, quite frankly, will see that all of the state probléms, covering taxes and their relations to local revenues, highways, health and public welfare, are given an airing during the three-day session with administrative and legislative officials in attendance. Panels will pull these problems apart on the open floor, and when the smoke is cleared away the legislative attitudes of Indiana business should be clearly etched in the minds of

in the coming assembly.

jof the road, give more of the state's tax|those who will do the lawmaking|

They Can Bake a Cherry Pie—On an

Sometime after the turn of the yeor the -Made Pie Co.,

Bakery Co. Plans 30,000 Pies a Day

All. New Machinery To Be Used at Plant

Juicy appre and cherry pies will be rolling out of the ovens|: Home-Made Pie Co.'s new plant at 30th St. and Hill-| side at the estimated rate of

THE INDIANAPOLIS TIMES

Assembly Line

920 W. 34th St., will be furning

out pies in this new plant at 30th and Hillside at the rate of some 30,000 a day.

Stores Credit Dip in Buying To Weather

Warm Wave Checks

e slight decline in retail iness in Indianapolis was attributed by department store officlals last week to more selective buying, prolonged warm weather, too much rain and a tightening

Room Textile Sales

of spending.

One store official pointed out that the weather has been unseasonably warm, holding back the sale of heavy textiles, and that rain had discouraged buy-

ers from leaving their homes for

the merchandise markets. . Indianapolis stores expect a big Christmas buying season. and they are ready with the best selection of quality merchandise since the war. ‘ Not Over-Stocked They are not over-stocked but

‘they have carefully measured

their inventories in terms of

quality, As one merchandiser put

it, “We have weeded out the cats and dogs and our buyers have demanded the kind of quality our customers deserve.” Stores are stepping up their sales effort, watching employee

attitude, looking for new blood |

|from the top levels down, “ sonnel adjustments are in sight | Himself as a policy maker or ad-| “They fumbled.”

{as the “dig to survive” era comes!

Per-

PAGE 551

The Outlook Tf In the Nation

Stock Market Timid as Truman

Turns From Politics to Economics

By J. A. LIVINGSTON } ECONOMICS TOOK the place of politics when Presi«

dent Truman returned to Washington. And in New York the stock market promptly’ declined to the lowest since the election. : As soon as Mr. Truman named Edwin G. Nourse to head a top-level committee to prepare anti-inflation legis-

lation, Wall Street assumed the worst. Mr. Nourse, as chairman of the President's Council of Economic Advisers helped formulate the special-ses-sion legislative proposals for materials alloecation, higher

gress. Therefore, his appointment symbolized more of the same—but M+ Livingston

ministrator, He considers himself an adviser—a mobhilizer of ect nomic facts and figures. He will not appear before congressional committees eo explain the President's ideas, objectives, and policies, The role of political ad-.é vocate is reserved for administra tors. 3 The President, Mr. Nourse, and members of the Cabinet intend to avoid a fiasco akin to that of November, 1947, when the President's anti-inflation proposals were laid low, not by Sen. Taft but by the President’s own team, which comprised Secretary of the Treasury Snyder ¥nd two former secretaries—Harriman of Come merce and Anderson of Agricu

with greater chance of success in a Democratic Congress. Mr. Nourse does not look upon

ture. They failed dismally ']

| make out a good case for hastil

improved legislation. A3 newspapermen wrote at the timeg iA

Mr. Nourse hopes to

|into bloom, G

income to money-starved cities, y Along with a pent-up de- 80,000 a day sometime late this

tting Set for Big Test have the President's

‘Wish You Were Here mand for nylon hose, au-

tomatic washing machines, automobiles and five-rib roasts of beef, the war left millions with itchy feet, the irresistible urge to see new people and places. : The public is beginning to get enough nylons, washing machines, and cars and roast beef (if they 1 can afford it), but people stiil/Gausepohl Service on the Ciedle, have a tremendous backlog of No ne Bet yrider way un acho po travel desire in their systems. 5 the thin-air west—Arizona, New Last summer the ocean boats Mexico and California. were packed to the rails with

money-loaded tourists who wanted to see what the war had done to Europe." But last summer, it seems, hardly scratched the surface of travel demand. Next summer looks even heavier with bookings already hard to get on some ships. Reservations are being made in Indianapolis as far ahead as August. Travel agencies report Hoosiers are going everywhere, beaming their itineraries to the Caribbean d ‘South America this winter. uatamala has returned to promfnence as a tourist magnate with| Havana, Jamaica and Trinidad luring thousands, The Florida trade, says Mrs. Lorene Gausepohl Baier of the

Other travel bureaus, the Union Trust Co., L. Strauss & Co., Merchants National Bank, Fletcher Trust Co. and American National Bank, all are feeling the upsurge of travel spending. { The shipping strikes on the coasts have shifted much of the overseas travel to the airlines. It costs about $500 a round trip by plane. Ship rates run a little cheaper or can be more ($165 to $375 one way). Conducted tours, package tours and go-now-pay-later plans all are coming into their own for the volume of the middle class wage group. Factory and store girls save their dollars, hop off to Europe for two weeks these days and think nothing of it.

$80,000 went into this expansion of the Essig Motors Inc., 2444 W. 16th St. E. W, Essig, president, said floor space has been increased 50 per cent with every new repair device known to the

trade installed, Important Again

Business is beginning to worry

about what the customer thinks.

The customer has less waiting time, receives more courtesy. And no longer is he brushed off with such remarks as “Don’t you know

there's a war on?” This refreshing come-hither businesses which grew a little lax during the war years is wrapped up in-the wave of public relationsmindedness which is sweeping like . wildfire through the channels of trade. The National Industrial Conference Board says most executives have evpanded their public| relations programs since the war. Ten per cent find @ greater need for public relations at all levels. And by public relations they mean customer relations, labor relations, community relations and

attitude on the part of some

of the niceties of business association disappeared. Businesses are trying to get them back, and it takes time. They are finding that more cordiality was lost down through the ranks than they suspected. Company attitude as reflected through even its most remote employee is the foundation of a business, its prime asset which totals up to good will. And that’s the why of the scramble toward public relations—which is simply

\guishers, non-slip floor materials, | 4machine guards, gloves, protec-

stockholder relations, quite a

Be the faculty of being nice to people package. :

—since the thunder of guns died The truth is that during the/down on the edge of Berlin and scramble to fill war orders with|{the atomic smoke drifted away but one customer to satisfy, some from Hiroshima and Nagasaki.

BUILDERS GET-TOGETHER—Last week builders of Marion County sat down to dinner. Fellowship was the note, and no speeches. Head table bigwigs shown are Harold D. Bishop (right), president of the local Producers’ Council, Inc., and (from the left) Richard C. Lennox, chairman of the Indianapolis architects: Paul R. Pike, president of the Indianapolis Home Builders, and Louis C. Brandt, president of the Building Contractors Association of Indi-

anapolis. * During the war the textile manuLonger Neckties facturers were in the driver's seat. They told retail outlets that their bulk must go to Uncle Sam. They also cut corners, both clothwise and businesswise. They dropped the cuffs from trousers and encouraged two-piece suits. Another thing they did, Which most men failed to notice, was to

make shorter neckties. |discounts. Manufacturers long They also dropped a feW ag0 yielded to the masculine decustomary discounts. They wereimand for cuffs on trousers. in a seller's market and they), And Dechiies, Are Jorg again, _|too. ough few Hoosiers ever made the ules. The retail tex suspected they had lost an inch tile trade is now in the stage of or go off their neckties for. the

trying to recapture some of its/duration. The Indiana University

. . Pinching the Farmer. business survey showed a 4 per cent decline in October, although the level was still well ahead of the average of the first half of the year. The survey explained this by showing that with the abundant crops the farmer’s income had slipped. . \ It is true that food prices are being lured down by abundance.

And this leaves the farmer in|y, , collapse of prices. But he an unhappy situation. City will have to sell more corn or " wages dre still up so the manu- wheat or soybeans to buy a factured products he buys will] Actually, he is being pinched by cost as much as they ever have, washing machine or a new car. but he will have slightly fewer his own. productivity. But he dollars with which to buy them.|should not worry too much as

The farmer will not be hurt|long as the rest of the world is willing

badly as long as government hungry and Uncle Sam is

supports are in effect. It is im-/to run an international bread

line.

possible for him to be wiped out Sry

.|Marshall Duffey 14, Herbert Law-

The Home-Made Pie Co., one] of the six plants of the Bluebird]: Baking Co., Dayton, O., is buildIng its new home of insulated aluminum, a new quickly-in-stalled, siding material, sold in Indianapolis by the H. H. Robertson Co. The plant will be equipped with| § all new machinery and will] § employ about 30 inside workers] § and will operate about 30 route wagons. ¢ At present, the ovens are turnIng out pumpkin and mince pies on a volume basis and in three sizes: The 4-inch individual, the 8-inch grocery size, and the 9inch restaurant size. The Bluebird company, of which Louis Preonis is president, operates plants in Dayton, Cincinnati, Louisville, Columbus, O., Troy, O., and Indianapolis. The manager here is Verner Maybery.

Safety Equipment Will Be Shown

of which is quickly assembled, Here Emil Kalwat, 6038 Guilford

3 2

The aluminum industry has been busy wit

winter. ' ; { | Some were outspoken in their]

belief that the crest of postwar buying has passed and that the

attitude accurately. Snaps at Quality “The press of poney problems,”

still snaps up quality at the right price which means there is plenty of business to be done if cus-

i [tomers get what they believe is

. |their money's worth.”

h new products, one fibre-glass filled siding and sills. Ave., is putting sill siding on the

new Home-Made Pie Co. building.

Safety uniforms, fire extin-

'On the Farm—

tive aprons and chemicals and other safety equipment will be shown at the Central Indiana] Safety Conference which will open tomorrow for two days in the Claypool Hotel. Harry 8. Hanna and William A. Hanley are conference cochairmen. More than a dozen| safety authorities are on the| program. Safety exhibitors will be the Sept

Co., Fire Extinguisher Division, Averill Equipment Co.; Central Rubber & Supply Co., R. C. Cook Co., Dayton Safety Ladder Co., C. B. Dodge Co., Grace Gray Co., Hild Floor Machine Co., Indiana Visual Aids Co., International/when large numbers of hogs flow Harvester Co, Walter Kidde &|to market in spring and fall, Co., E. A. Kinsey Co. Koppel-|prices sag, other factorg being myer Safety Co., Thom McAn equal. Safety Shoe Co., Medical Supply] Farmers expect this and conCo., Midwest Fire and Safety sider recent prices seasonal. Equipment: Co., Mine Safety Monthly Marketing

Appliances Co.; Gildri Corp., G. H. Packwood Co., Protexall] In Clinton County, Joe Gangwer Apron Co. Standard Safety decided he could make more Equipment Co.; United States money by putting hogs on the Safety Service Co.; Wash-Rite market at various times of the Co.; West Disinfecting Co. and|year. So Joe and his son, Raythe Indiana Equipment Co. mond, worked out a breeding Dr. George D. Heaton of the program that brings hogs to Myers Park Baptist Church, | market nearly every month of Charlotte, N. C., will address the the year. Carefully studying price banquet Tuesday evening on|trends, the Gangwers manage to “Safety and Human Relations in hit the market on a “high” day Industry.” imore often than not. Beyond the

34 Drivers to Be Honored By Truck Lines for Safety

Annual Banquet Feting Employees Is Set For Next Sunday at Antlers by Hancock

Thirty-four drivers for Hancock Truck Lines, Inc., will receive safety awards for their years of accident-free driving at the company’s annual safety banquet next Sunday in the Hotel Antlers. Speakers and guests will include Howard E. Fairweather, district supervisor of the Interstate Commerce Commission; ’ Wayne M. Timmons, co-ordinator fleet safety organization, Purdue University; Emmett J. Williams, officer of Local 135, Teamsters & Chauffeurs Union; Louis J. Miller, safety engineer, Liberty Mutual Insurance, Co., and James Nicholas, secretary of the Indiana Motor Truck Assn. Over-the-road drivers and the accident-free years for which they will be honored are: William LaRoche 17 years, William Duffey 15, Robert Earl 14,

$25.80, and mid-November found {one week. Like other prices, hog values are affected by the economic laws of supply and demand. Often

* * *

SLIPPERY WHEN WET

NATU

son 14, William A. Edwards 13, Nicholas Ciampone 13, Ralph Adams 11, Leslie Underwood 10, James Duffey 10,-Samuel Coleman 9, Lester Baird 7, George Gregory 6, Al Heffernan 5,.Ralph Storm 5, David Schluster 3, Vearl Pittser 2, Joseph Clinton 1, A. Kemp Galbraith 1, Benjamin Gardner 1, Alvin Lawson 1, Ray Parker 1, Vanice Richardson 1, Ronald Sage 1, Jay Thompson 1, and Joseph Thonton 1. Pickup-and-delivery drivers to receive awards are George Carter, 4 years; Harris McCloud 4, Howard Cox 3, and William Wright 1.

® When yo

Thomos, Irma ond Tom Bemis Soy: HT Se HE TORMLTTILT TOUIPPIN (ITCNSION 10 VOOR EATORS PIETERS 4 MALET BAR AVEITISIES

Rock ASPHALT.

Formed and sponsored by

EL CL ETE

Farmers See Current Drop

In Hog Prices as Seasonal

Clinton County Stockmen Work Out Plan

To Market Pigs Nearly Every Month of Year By HARRY MARTIN, Times Farm Writer Hog prices, which averaged $2891 per cwt. in Indianapolis for ember, are drifting downward with sporadic spurts of strength

Ae Oil i as of the middle of last week ($24.25 cwt.). > Son Ansul Cemieal October's average cost of barrows and gilts in Indianapolis was

‘the average as low as $21.26 for

| marketing phase of successful (hog raising, they stress sanitation in the hog houses and Shift to Machinery

A once-familiar tool of agri|culture, the “shuckin’ peg,” has | virtvally disappeared from the Indiana farm. Mechanical picking equipment, harvesting practically all Hoosiergrown corn, has condemned the old shucking peg to oblivion, its final resting-place a drawer in the tool shed, or a nail driven into the back porch wall. Leather thongs once bound the peg to strong hands, protected from the cold by double-thumb gloves. But today the leather is hardening, the pointed steel peg gathering rust. We may look back with sentiment, but today’s farmers look forward, to new and better ways of doing things. Machine-picked corn is hauled from the field in tractor-drawn, rubber-tired wagons. The back-breaking job of scooping the husked corn into yellow mounds in the crib will soon be a thing of the past. Portable corn elevators now make the hard work easier. Purdue figures show the number of corn elevators in use in Indiana increased 36 per cent during the past year.

But Not RAL SILICA

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w're driving in the rain,

there's less danger of skidding when you are riding on a street or highway covered with natural silica ROCK ASPHALT. An outstanding safety feature of natural silica Rock ASPHALT is its “'skid-proof” quality. Actual scientific tests show that natural silica ROCK ASPHALT possesses non-skid qualities comparable to no other road surfacing material. Why? It's because Kentucky ROCK ASPHALT is made up of sharp silica sandstone impregnated with a pure, natural asphalt. Highway efigineers recognize this safety factor, and as the demand grows for better and safer thoroughfares, the demand is for natural silica

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One manager expressed the view that the higher income group has put the brakes on buying because of the election results. He said the prospect of higher corporate and personal income taxes for the upper level incomes has cut into their buying habits. “They are waiting to see what kind of incomes they have in prospect,” said a store executive, “before indulging in other than bread and butter spending.” Little Worried He pointed out that if higher taxes are levied among the higher income groups, the middle class and lower income groups should spend more freely for they expect to be the beneficiaries of government money. Most stores here report their sales holding up to last year's figuring with some showing gains both for October over last October and for the year to date.

property offered:

JIGS

FURNITURE

terial exce of the building.

CREDIT §

SETTLEMENT. All

sale, fl purchs All

| convenes. recent decline charted the public |

{final decisions, a store executive said, “has made | shoppers more careful. The buyer |

team “up” for the big test in January when the 81st Congress He will hold sessions, at which economic problems and legislative proposals will be given a going over. If there are unresolved differences, the President-—in a full-dress meeting and knowing all points of view be«| rm — forehand—will be able to make| imagination and savvy—even bril In this way, even | liance. If it sets precedent, if if a Cabinet member isn't in ful) | future Presidents and future Cabs accord with a policy, he'll know | Inets are to be regularly briefed

it on the economic outlook, then. ioe amd Soha and way St V8 their handling of massive affairs

Naming the chairman of the

Council of Economic Advisers to this job is evidence of politicall

Inflation Lull 0oMhand

premature.

an inflation lull. At last the 10

—such as the budget, taxes, pubs lic works, and recommendations. for legislation—will be more so phisticated.

assumptions that Mr. Nourse's

appointment means a repeat program ard At the moment, crucial economic indicators point to

per cent decline in farm prices

since January Has found its way to the retail counter. The cost-of=

living index dropped from 174.5 { Food was entirely responsible for the drop. Meat, poultry and fish prices were down 3.5 per cent, dairy products 2.7 per cent, This eases the housewife’'s job of making ends meet. It will influence fourth-round wage demands. Yet it is a price readjustment and not neceszarily a signal of a major decline. Things the farmer sells are dropping. Things he buys (which haven't risen so much) are still rising stubbornly. But farm income, because of large crop and livestock marketings, is running only 3 per cent below a year ago. The farmer is still well off.

#3000000

worth of materials and equipment in this sale to be held

DECEMBER 3rd

storting ot 1:00 P. M. (EST).

n September to 173.8 in October:

to what Mr. Truman asks Cons gress to do. If stores do a big business, if consumers spend as freely as last year, then the ad" ministration may not hesitate tg seek controls, 41 Consumers now feel the pinch of post-war improvidence. Installs ment debt, at $7,700,000,000—oF" 20% wigher than the peak in 1041 —has caught up with them. Eacly month an enlarging proportion of disposable income goes toward’ payments on past purchases df automobiles, refrigerators, wash-

Christmas will provide the key

YAIR Aa ddd

in a great

SPOT BID SALE of Govemment Surplus Property in the WRIGHT AERONAUTICAL PLANT at LOCKLAND,

(suburb of

ing machines, furniture, ete.

2 ~ w

I I IN NI ors; 5 oe

dima) OHIO

Here is a partial list of the

WORK TABLES FIXTURES WORK BENCHES

HAND TOOLS WELDING ROD

MISCELLANEOUS SHOP EQUIPMENT & BRASS SCRAP

INSPECTION

between 9:00 A. M. and 4:00 P. M. * (including Sunday, Nov. 28). Enter . Gate 14 for Inspection Only.

The property in this sale is segregated into 15 lots for physical inspection, which is essential. All materials and equipment will be sold “as is.” They cannot be ski commercial carrier, Seller will load all mascrap which is piled outside

DEPOSITS. A depositin CASH, CASHIER'S CHECK or CERTIFIED CHECK urer of the United States) coverin be made by ALL BIDDERS before

ALES will be made only to s WAA CERTIFIED L OF 3 chases will be allowed only to the extent of the credit available on the WAA Certified Letter of Credit on the sale date. The presentation of a Letter of Credit does not cancel the deposit requirement. A DEPOSIT MUST BE MADE BY ALL BUYERS.

ses by cash CASH, CASHIER'S CHECK or CERTIFIED CHE purchasers using the WAA Certifi

ADDITIONAL PROPERTY AT THIS LOCATION NOW BEING SCREENED BY THB ARMED SERVICES WILL BE OFFERED AT A SECOND SPOT BID SALE ON OR

CONVEYORS

Roller

STEEL, COPPER

011A

ROAD MAP TO WRIGHT PLANT

Enter Gate 10 to Area Son day of sale, proceed ' Gate 26 to the rahe

7 I AON ESR AO NEI SO 0 SE 0 0 NB 0 AP ah MA 56,

{anble to The Treas. 10 or more percent of intended purchsses MUST e bidding begins.

chasers who file with the Cashier before the bidding begins CREDIT from any WAA Regional Office. Credit pur

ers MUST BE PAID FOR IN FULL godlie Tam day.of the ed Letter of Credit must sign the certification.

ABOUT DECEMBER 15, 1948. WATCH FOR FURTHER

The priorities and preferences ested. Tished by the Surplus Property Act of 1944 are ne longer in effect and olf buyers perticipate on an equal basis.

The property offered in these sales may be withdrawn vp te the time of

NOTICE OF THIS SALE.

WAR ASSETS ADMINISTRATION §

CINCINNATI REGIONAL OFFICE

I ¥