Indianapolis Times, Indianapolis, Marion County, 13 December 1948 — Page 7
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MONDAY, DEC. 1 13,1948
Buying Power Today’ s Weather Fotocast
ips To Below 0% *
this country -produces - than in
boi MERE, WAS
“mittee, headed by Sen. R
—The- share going to profits op
- Economist Cites oe Before Congress Group |
By EARL RICHERT Scripps-Howard Staff Writer WASHINGTON, Dec. 13~De-| spite all the autos, radios and homes being bought, the U. 8. consuming public today is buying a smaller percentage of what
boom: 1929 or ‘prewar 1039. #4 This fact, ;
backed with fig-
by an American Federation of Labor economist before a Son= jt - gressional. mittee. Hé sad the figures revealed the Amer- 7 ican economy .as f shaky because of Mr. Richert the drop in purchasing power of the weekly pay check. i “In 1949.” said the economist. Nelson H. Cruikshank, “consumer, buying must increase 'substantially if we are to maintain our economy at levels of maximum employment and production, The, postwar price rise in living costs must be stopped.” Buying Power Drops Mr. Cruikshank said that 1929 and 1939 the U. 8. public) bought 76.4 and 74.8 per cent of the country's products, but that | with high postwar prices its pur-
low 70 -per- cent. Mr. Cruikshank said industry's
PARTLY CLOUDY AND CLOUDY AREAS
TW REG US PAT.OFF. COPR 1948 £OW. L. A. WAGNER. ALL RIGHTS RESERVED,
vv. ty
SNOW SHOWERS AND FLURRIES
7
4 THE INDIANAPOLIS TIMES
ie | SLEET [223] ow pi
Indiana while biting cold winds sweep down from Canada across the northern tier of the middle |
border
states. Dotted and striped areas on the Fotocast denote rain and snows forecast in the next |
24 hours. To the cast the rains and snows will be light. Air flow and labeled arrow indicate winds.
Pants Stripped, Not Striped, At Annual Gridiron Banquet ::
Semi-Full Dress Satirizes Election Wrong Guesses ot Newsmen's Frolic
WASHINGTON,
annual dinner show.
The, newspapermen’s satirical
Dec. 13 (UP) chasing power has been dropping, roasted the big'and small for years turned the heat.on most of their Ghose . this year dipping: to slightly be- oon members Saturday night in the newspapermen’s
“The Gridiron Club which has
purchases for plant and equip- Hotel Statler and witnessed by President Truman and two of his
ment, high in 1948, were expected defeated presidential rivals, Govs. “To ASP Tn 1949 and “that private Tiny,
foreign funds were exhausted. “The result is,” the whole economy turns to the
government to support the mar- newspapermen reserved some o
All were lampooned, but
ket for its products. This is & their sharpest barbs for them-
dangerous situation. The cause of the maladjustment is| high firices which cut oft consumer buying power.” | Mr. Cruikshank appeared be-| _fore the congressional subcom-|
Flanders (R. Vt.), which is Investigating corporation profits.
Profits Reach New Peek “Prices have been raised more.
thar’ enough to .cover any added; When we must break the news ®'We who predicted
costs due to wage Increases.” sald, “and the result has been
{Gov. Dewey with this chorus:
root selves.
They Got the Bird
B New Yori \... Communism, land mE SO ot Probe American Activities: “Commijtes. he said, “that Carolina.
: TODAY: AND TOMORROW-<Temperatures in the 30's are forecast for the southern half of { i | | { 39 2 The following Sable shows the tempera- ; i
the House Un-
Attorney General Tom Clark, for-
the eign affairs, Mr. Truman himself, ioe ouy ¢ and Mr. Dewey also came under | Omah
the good-humored ridicule. Hammer at Sickle About 500 guests were present, including the top level of Wash-
In token of their wrong-guess- ington ‘officialdom.
ing on the Presidential election, {the entire. membership of the club sian radio station in Berlin. The [appeared on the stage in the ynnouncer sald ¥NKVD is on the ‘opening chorus in white ties, 10D air in the air, and in your hair, {hats and tails—and no pants.
They greeted the President
“Now 1s the hour
Dewey could not lose.
that business profits have reached yw, cow the crowds,
new peaks.”
He said wage and ‘salaried pon voters everywhere gave us
workers in 1939 received 65 per)
cent of the income created by in- —
dustry but that the share paid to!
Heard Harry's every word;
The | bird.
"Communism hits the spot
One skit was staged in a Rus-
25 hours a day.”
and! Then its theme song. sung by
la quartet to the tune of a well-| Hknown singing —commeretal;- followed:
(Uncle Joe likes it a lot {Customers have always said It's a whole lot better than a hole in the head. i Sickle, Sickle, Sickle, Sickle.”
oer n os ae Austrian Sunkeepers. Ready
half of this year to 60.8 per ¢
both corporated and unincorporated businesses was 29 per| “cent In 1939 and 37 per cent in 1948, Stanley: H:. Ruttenberg, CIO director of education and research;
recommended that the new: Con- Mrs James P. Wason, 4038 N, Iliinois St.
For Tourists, Hoosier Writes
Mountain Air, Warm Hospitality Are Features Of Spectacular Vacation Features in the Tyrol
“Writing from western Austria, John W. Wason, son of Mr. and
reports Christmas in the
gress enact a tax both on excess storied and picturesque Austrian Alps will be on a nearly pre-war profits and undistributed profits pasis for tourists.
Mr. Wason “said in an article in the New York Herald Tribune Ment commitments for buliding |
“in order that the present high
be taxed away.”
again
luring
American industry, he said, 18 trade.
now paying out only 35 per cent pared to 70 per cent in 1929,
He said the National City Bank AoE
of New York reported earnings of | 400 leading corporations in July, August and September to be 38 4
per cent above the same. period Yotels were. found in. estellent during carnival season, challeng- November, 1947, i
in 1947. DINNER-DANCE SLATED
He reports hotels,
known as “tourist action among the trade.
On a recent junket through the scenic part 6f Austria (the Brit-
sh, American and French zones)
shape. They have been given, “largely-through government help,
a complete post-war renovation-
The annual dinner-dance of the repaired,
Indianapolis Medical
Indianapolis Athletic Club.
t
- HARRY. LEVINSON
te
‘have just .
1 Zellam See.
lin the Tyrol,
repainted,
Food Is Earmarked
ion” hotels:
ersatz. Te
ri
Ski fstraetors, many of , whom been released from ~jipriaon. are. waxing: skis and beat-. ing out trails for the coming Hendricks Cleaning Shop, 2431 E.} season. Roland. Dfusia, form, Washington St.
of:-Sun Valley,
"There are,
especially * of its profits in dividends as €OM- gogiznated for foreign visitors
refurnished Society Will 34 cleaned. Prices are reasonbe held tomorrow night at the pie in a wide range from $2.80 to $7.10, including three meals a Claycombe day. Food, he reported, in spite of a tarians at 12:15 p. m. tomorrow | — Q®umored famine a year ago, js in the Claypool Hotel. “good ‘enough to make lunch and! dinner .big occasions. | schnitzel” “I matoes are king. and German “tries and” ples And theft “way ori] Stanley T* Dyer is ‘head of the the dessert-end of the menu more service, than once in a two-week sojourn. Frank H. Langsenkamp, Frank O. Wilking, | , Food is purchased abroad and treasurer; Dr. G. Thaddeus Greg- | earmarked for the “tourist-ae- Or¥: Harry-D. Hooley andJohnC./= “The only weak-spot:: uesing. Jis-coffee: It's aul ‘pretty ~much-
is at carted away a-small-safe......iQ They worked 80 “ulstly” Rey {boast spectacular lifts or runs but!did not disturb a night watch “ihe Timer Otzal remains unrivaled man -dozing-10-Teet-away. The: {for unforgettable skiing scenery sdfe, which contained no money, and the Lech-Zura was found battered open in a Valley by far surpasses the oth- ditch at Thompson Rd. and Arars for all-around attractions. Mr, Wason writes,
a of the ski ema
(Wright's) GUARANTEED
WATCH REPAIRING.
at Our Usual LOW PRICES Day Service
43 8. Illinois 8k
2. aioe Savare Dos ah WAVY"
SHOE REPAIR SPECIAL
LADIES’ LEATHER
HALF SOLES
18 S. Hlinois St.
Winols and Washington St.
a thousand excursions on skis be- | yond the surrounding peaks, all .varied and. dependent on. indi-|
w vidual taste and ability.
The Tyrol is open and — again, whether one goes for! Christmas, in January during the Madloch championships, or later
ing the most enthusiastic explorer. |
Claycombe to Talk
To Rotarians Tomorrow
Circuit Court. Judge Lloyd D. will speak at the meeting. of the Indianapolis Ro-
|
The -cluly's Cheer Service will |
"Wiener report on the needy “groups se: and hashed- brown to-ilected as recipients of Christmas |
{presents from: the membership.
Other members. include vice! chairman;
Burglars Steal or From Cleaning Shop
Burglars broke into the Paul
overnight and
llington Ave.
Speech About Smoke
The National Association of Power Engineers will hear a speech on “Smoke Abatement’ {by Joseph Harrington, Chicago, {combustion engineer, during a meeting Thursday night in the
club's semi-;
revue was presented at ‘the io
{San Jranciseo
tor. Division of Tubérculosis Con-
Official Weather
UNITED STATES J EATHER BUREAU ec. 13, 1048
|
"Sunrise. . To 88T | Sunset. . Precipitation 24 bre. hrs ending 7
a 5 730 &. m, 0 1 precipitation since Jan. 1. Paes since January
{ture in _other | citie I Siation
Bosto he
Cleveland
1 Eva nsville
Indianapolis (city) . Kansas City Los Angeles
Minneapolis-St “aiil es 1 New Orleans .
ma. 1 Pittsburgh San. Antonio
Washington D. ¢ cin
Find 800 8 Cases in State
More than 800 “active tuber- | culosis cases have been discov-| ered by the use of miniature screening x-ray units in Indiana iin" the -past three years; -accord--ing to Dr. Merle Bundy, diree-
[trol “ndiana State Board of i «Health, . 3 “The Wnits have covered 14 per {cent of Indiana's population but {it will take at least seven years i ito reach -every adult in the state. with our present number of X- ray i ~ units,” he said. The State Board of Health has i three units operating, with a new ¥ unit to start in February. Three other county-owned units. are a in this work, :
Note Decline in State Building Investments
A seasonal decline in invest-
~ levels of speculative profits can the warm hospitality, mountain air and breath-taking slopes are and engineering projects in Inthe hard money
(diana was reported today by Richard Ray, regional vice presi-| dent of F. W. Dodge Corp... ; Chicago. “November: commitments fell-off 24 per cent in a region including] Indjana and four other midwest states. The total $76.863.000 was, 28 per cent below the figure of |
Plans Yule Party
The annual Christmas party sponsored by the Emmaus PTA will be held at the school Friday. A Christmas program arranged by the parents, will follow a noon ¥ luncheon. \
|
PERMANENT ROSE OIL $2.50 50
fn Aw ATR 7 arn Seno id Set
ALUMINUM AWNINGS CALL LI 337171 tonite
ESTIMATE
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801 N. PENN. ST
Manufacturer's Representative Switches to Calvert Reserve BEVERLY HILLS, Calif.— Irving S Heineman, Jr., manufacturer's repre gunitative, o of 308 South Canon Drive
knows quality. “One sip of that smooth Calvert,” he says, “and you | know it's beiler made. hat's why |
switched to Calvert."
CALVERT RESERVE Bended Wh
Rider T
turdy metal.
STAKE ~ WAGON
$1 5%
17x36-Inch hardwood stake bed, 1'g-in. rubber tires,
+ 81.00 Down Will Hold Your Selection
TOY DOLL CART
“Dail Ca : 7% inches long — 28 inches high, collapsible,
sine, valve inflated
$4.05 Deluxe Rider Truck. seat for child to ride on.
Inches long.
TRUCK & STEAM
TE ts
$2.98 FOOTBALL HELMET or "SHOULDER PADS .....ssic0f.
$4.95 18-KEY PIANO, BABY GRAND $1.98 ROLLER SKATES, ‘ball bearing with -steel- frame; ~~ _ adjustable iy
Fook $
Sturdy metal;
In Person
35
EL a Ay cel ae re fd
OPEN
EVERY NIGHT
UNTIL 97. u.
Fall Ramblers.
For a Pleasing, Lasting Gift, Choose
_ For Personal Use and Gifts
‘Black or Brown
| Héndsome top grain cowhide leather handbags for use in town or traveling, Shopping or dating. Everything's new In the new New grade in styling, new Space for your can't do withouts, new safe zip-fastener compartments, new beauty fn’ E their rich leathers.
and $1.95 Plus Tax
Quil
Attractive and
wrap skirt with aqua and rose.
Sizes 1 to 3, 3 to 6x.
$4.25 Fire Truck with three ladders. 26
5.95. Two-piece truck and steam shovel. 21 Inches long.
$19.95
ans
220 | “$15.95 | $3.98
51.29 a 5 kh
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The Kind That Make Perfect Gifts Pretty trimmed styles. ‘els and foulard print pure silk blousettes.
White and pastel colors, Some styles in sizes up to 44,
A Gift She'll Appreciate]
FOR FASIER SEWING, REMEMOIR , .
Women's Gift Cotton
$8.98 VALUES
$
printed cotton quilted robes.
Fine chenille with colored. borders and design in skirt, wrap skirt with tie belt. Colors blile, rose and white.
STAR STORE—SECOND FLOOR
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599
serviceable, these pretty Full flowing tie side belt. Colors blue,
Sizes 12 to 20.
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$998
V-neck tailored mod-
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Open a Charge” |. Account ‘PRETTY NEW
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and multifila-
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IF IT'S A »”
For gifts
J mercerized “fine point-
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SLIPS
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13.98
Scranton Lace
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Factory Mended Irregulars “of Regulare338 Quality Er
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Snow white, first quality rubber boots with instep strap.
~86.8 Proof 5% Grain Neutral Sit: Size 4 toh. : Calvert Distiflers Lorp.. New York Oit: 7 ; Ww i
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or coat style, Siz*s A to D.
EE a me
Men's
PAJAMAS
2.98
Men's pajamas made of fancy broadcloth In striped patterns, sip over full cut. :
Men's Utica
SWEAT SHIRTS
Men's Utica. sweat shirts, Heavy weight, back, full cut. Colors grey, bite, red and gold. Sizes 36 to 46.
fleeced
‘sweater with double elbows “Colors
Men’s “UTICA”
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$5.95 & $6.95 Value
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Men's Utica Sweaters, heavy rib of 100% wool every
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