Indianapolis Times, Indianapolis, Marion County, 10 February 1949 — Page 22

rT ip Ae RAE Ty ( Em imbo 3 AT ros

hia

war plans for “nine

and hoodwinked high ‘as well as Japanese

Some of its survivors, the Army are “secretly

Ey b "+ ‘busy with their trade at this

yery moment in the capitals of the world.” : . The Army also reported a preCommunist ring which . it spied for Russia in China, bers-of the group, , wis an American]

But for a malicious accident” —which cost its top leaders their lives—~the anti-Japanese ring would have “succeeded in com-

ibly” successful Spcrations

books | pa -*“and " on

that has caused to be circulated a despicable lle "against me. I am not and. have Deep 8 “or agent

Octbber,. 1941," the Army reTwo Leaders

Sorge, the ring’s “brilliant” leader, and his chief lleutenant,

convincing’ that he became a trusted intimate of the Gérman Ambassador, Col. Eugene Ott, and his staff, Ozaki had a “similar close relationship” with Prince Konoys, io “tines Jopaness

Pearl Harbor Not Mentioned

Sorge tipped off the Red Army that the.Germans would attack

Russia In June, 1941. He and]

Ozaki also reported that the

“Japanese would attack to the

south against Great Britain and the United States late in 1041 but would not wage war against Russia, “Phe report did Hot say whether Borge had any inkling of Japanése plans for the sneak attack

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Le S. Army Report Tells Story of Efficient Espionage Machine Headed by German Red

WASHINGTON, Feb. 10 (UP)—A Communist spy ring, perhaps| successful of all times, kept Russta informed of J ese

today. Ting operated out of Tokyo. Its 20 members were headed communist—Richard Sorge—who posed as a Nazi

years before Pearl Ha , the

on Pearl Harbor. Nor did it say whether Russia ever passed any of his information on to this country.

report said, “the Red Army always knew the status of current Japanese war plans, and could} make thelr own plans and dispositions accordingly.” + After. exposure of the ring by a {malicious communist informer, 17" men. and women, mostly Japanese, were convicted of-spying for "the Russians. Those not hanged ‘were imprisoned. And four years later, In October, 1945, a victori-

Sotge thought that a. might later work against the

(foreign assistant.

«hrough Sorge's ring, the

ous U. 8. army liberated as politi.

cdl prisoners all those who were still : living. ; For this act of mercy the re-|

port offered this explanation: “American -8oviet relations were quite friendly. The unhappy oviet. spy who! had worked against the Japanese

United States had not occurred to many Americans.” The Army sald the “oddest post-war item of the Sorge case” was that the man who squealed

a powerful leader in the Japanese

the ring himself.

Max Kiausen, German Communist and radio operator; Branko

nist and .Havas (French) news agency representative, and Mi yagi Yotoko, Japanese artist who lived for a time in Los Angties. Klausen last’ was. aa raporiad having gone to Russia in Febru:

In ary, 1946. DeVoukelitch and Mi- Geren

mn. report said" Stein left

Local Tr Truck Grain Prices

to the police, Ito Ritsu, became Soni

Communist Party after the sur-|ceie »| render. He was not a mee of

Principals Is Eisted - he Besides Sorge, Ozaki and Stein, g fhe Army listed as ring princi-

de Voukelitech, Yugoslav Commu- | jiogk Dr

Charting the

National N Ind Pi N Ind .“ PR Mai aes Pub Serv of Ind wees 23 Pull Serv of Ind 1% pid... 84 ” Ross Gear & Tool cam: .. 34 30 jud ' an 107 30 ke mp 1 Yh

Som. B 4%s

2 oa 64c. _ New No. No." 3 Seow sopbins $1.01,

: The Tide Has Turned— racios Prices Fall Off, Jobs Grow Scarce, But u. S. Rolls On.

Experis Foresee Good Year in "49, Barring ‘Some Extreme Incident’

: . 95 Ind Tel Ves gi dl. ees Club 3-8s 63.. =

“ hee 98 Le. 63

second of four dispatches.

Langsenkamp se 108% | "Ind Pub Ber

20%

114 pared with a year ae;

“Smoke Violation

11% tried. ing of guilty and a fine of $25 pas >and costs was levied. The railroad */was found not guilty. in the other.

By 8. BURTON HEATH,

and. relief clajms are rising.

Yet it is hard to find a reputable expert who does not predict that 1949 will be a

good year. Some feel that the first-half may--be better than

1948. In the consumer field only the less expensive cars, refrigerators, some types of furniture, and floor coverings still remain short, Edwin _B, George, economist for Dun & Bradstreet, points out. Mill work for building should be added. Textiles lag, so do men’s clothing and radios and small electrical appliances and luxury goods and entertainment. Farm income is down, business failures are up. The boom is leveling off, But. Mr. George expects first half sales to run 5 per cent above,

| |economics at New York Univer|8ity, considers the likelihood of (any serious slump in 1949 “pretty

{during 1949. Views Shared

These views might seem illogi|cal or paradoxical, if they weren't

‘shared by so many topnotch econ- |savings down,

|omists, industrialists and the like. Solomon Fabricant, professor of

'slight” because, if one started, he

[thinks government would step in.

Donald ‘H, Davenport, director of the division of Economic De- | velopment for the ‘State of New

| quickly absorbed, but that its ex-| OXFORDS and STRAPS

Istence will restrain further rises in wages and prices. Barring “some extreme inci

avi

Watches® Clothing ® Radios, eto. | “uncautious policies” in Washing-

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ton, he ‘believes “we can sustain astm Rinsho i unt dliutuiniin

_SLIPCOVERS and DI DRAPERIES

MILL'END SHO SHOP

NEA Staft Correspondent

NEW YORK, Feb. 10—Prices are falling all along the line. Workers are being laid off or being put on part time. ‘New jobs are harder to get.

Unemployment Compensation Store shelves are filled with

wif longeseares goods; “Merchants are cutting: stocks and manu facturers are cutting production. °

the needed adjustments without

fear of a depression.” O. Glenn Saxon, professor of

peak year of wholesale commodity prices and cost of living. We are going to see a decline from

some small over-all decreage in industry production.”

Sees New Buying He expects the national income to fall not more than five per

cent-—which is only half what he expects the wholesale commodity

| York, thinks 1949 should be a

index to drop before Christmas. He 1s confident that price de-|

economics at Yale, thinks that

now on. There is likely to be!

“

i wrkof's blood pressure . . . Wheat, corn and soyBean the board" Yesterday. Windfor A. Harris chalks up quotations in the Board yo Trade here.

web, 10 Indpls Brass & Alum 5s 86... 97 i " ne Askod|Indple P&L 3s 10... i 106 ol Tend [Agents Hin Corp oo oii: Ww 35 |indpis Railways bs 61 ole [A Bae 4 al YO 3 | Investors Telephone > o.. . 95 | Amttiean Siatis 14% Kubner Packing 4s 80........ 07

u. S.. Statement

WASHINGTON, Feb. 10 (UP)~—Govern{ment expenses and ‘receipts for the current fiscal year through Feb. 8, com-

is Last Year | Expenses $ 21,464, ot, “88 § 30,607,884,241 Receipts 22/682.479.129 24,046,842,265

: {Surplus . '1,217,852,351 3,439,008,023

Hit New Low

[Haran CARE ove evel Tn” the

Regain’ Footing In Active Trade At Stockyards

prices jumped ll over

~Call-on Truman “ [To ‘Polish Apple’

Madden, 6 Cohorts - Play Up Aid of State

By. DAN KI KIDNEY WASHINGTON. Feb, 10—In-

and Rep. Ray Madden, fourthterm Densocrat from Gary, called on President Truman today. Mr. Madden explained that he had made the White House date

8 H Cash Bal, 4,845,376,475 3,207.643.447 ¥

“{Pub. Debt -262,512,686,180 284,710,281,733 **|Gold Res. 4,278,760. 06,440 32,933,718,500

on INDIANAPOLIS CLEA CLEARING HOUSE

CIOATINGS .......icoverrrssnnses $s Ba ut Debits

Fines Suspended

Fines were suspended when the Neg York Central . 'Rallroad pleaded guilty in Municipal Court 3 today to 25 smoke violation

20% /charges. The railroad paid $125

in eosts, or $5 for each case. Several days ago two cases

os charging the railroad with viola

tion of the smoke ordinance were In one there was a find-

When the 25 remaining cases

‘lwere called this morning, Judge

Howard was told that Karl

:|Stipher, attorney for the railroad, .\had agreed with City Attorney ‘|Milton Craig to enter a plea of .jguilty provided the fines would be ** |suspended. Juige Howard agreed.

adds that we do not face the probability of a long depression. The answer to this strange bedfellowship of pessimism and op-

The econorle tide has turned Tn the U. 8. Does it mean re- |'imism probably lies in two facadjustment, recession, depression, or bust? Here's the answer | from S. Burten Heath, NEA's recognized authority on economies, based on a painstaking study of the nation’s new economic tide and what the nation’s foremost experts think eof it. This is the

(tors, mentioned by most experts. One is the selective character of =The ~i5-the-coun= try's basic soundness, stressed by one after another in different ways. . For the first time, an economic readjustment runs up against unemployment insurance. Families do not become penniless, and have to go on crédit or relief while Father gets: a new job— they have a small but steady income to tide them over. S80 each job-loser. does. not contribute dois the loss of other jobs, =~ Store Sales Up There is' a huge backlog of pubHe works that are really needed, but have been held up by scarcities of workers and materials.

and city improvements of this nature, exclusive of federal. Uncle Bam has been waiting to buy stockpile supplies for defense, to give civilians ‘a chance. Now

, bo. haa. desided. to £0 £0 ahead any-|

way. Already small’ orders are trickling around, taking up a bit of slack here and there. The National City Bank's January letter; pointing -out that re adjustment has to come some time, and there Is evidence now

\clines will stimulate new buying] {that inflationary forces are weak-

lin many lines.

Bradford B. Smith, economist 1948, arf unit sales—if not dol- [for U. 8. Steel, expects 1949 to be (lar sale8~~t6 B& up in the second|® ood year because he does not (half. He sees continued reaction, believe Washington will abandon consumer and wholesale prices the “artificial easy money policy” falling, but no economic setback (hat he thinks causes the infla-

tionary boom.

vanishing,

lation,” she remarks. Job Insurance

year, she believes.

[good year for business. He thinks unemployment will be spotty and|

dent”-—such as panic arising from, er-stress of markdown sales! and employment cutbacks ~- or|

| Saddles, Ghillies, Mocea {f sin Oxtords in Win 51° Brown and Red, Sizes 8 Je I WE

SPECIAL-Infant's . HIGH SHOES 1 8

Brown and White Patents

Most pessimistic of the experts canvassed was Miss Helen Slade! of the New York Chapter, Amer-| ican Statistical Association, With! order backlogs consumer price re-| sistance spreading to non-luxury lines, taxes going up, “1949 does not promise to be a year of jubi-

There will be a setback that may last from six months to a But even she

|ened, goes on to note that order {backlogs still are heavy, govern{ment stockpiling orders are wait-

The U, 5. news compiled a figure|the “1048. .will .turn. out -to be -theiof $100 billions of -state,. county

[to show how well Indiana had {done in the 1948 campaign, despite the fact that Mr, Truman [lost the state by a narrow nfar000. gin. _ Mr. Madden and the new ma-

i jority men are backing the ad-

ministration program on Capitol Hill; All - voted to restore the President's powers in making TO Yer the Truman Trade Treaty bill {passed the House late yesterday, 319 to 69.

from Indiana’ also went on Tecord for it. Mrs. Cecil Harden, Sixth District Republican freshman, voted “aye” on passage and Republican Rep. Ralph Harvey, | who is serving a second from the tenth, was Oo for

sage. . Rep. Earl Wilson, Bedford Republican, voted against the measure and the Republican majority leader of the 80th Congress, Rep. Charles A. Halleck, was absent and not recorded. Ts All Indianians, except Mr. Madden, voted to give the House Un-American Activities Commits ‘tee $200,000 for 1049 expenses.

\popular-priced automobiles —al-

than they can make. And while everybody talks about recession, the Federal Re“Board ~that-

weeks in January were 5 per cent

1048. Every reserve bank district showed an increase, ranging from 2 per cent for Boston and San Francisco up to 8 per cent for Cleveland and 9 per cent for Dallas, THe big decline in farm prices worries some. But' Mr, George ts that that may even be

farmers’ actual receipts will stay up because of federal support programs, and that the money saved to urban families—by lower food prices—will be spent more than if

farmers-\more-—got hold of it. Next: What about your Job?

“1948 Sales—$4,200,000.00 p An Increase of 28%+ Georce S. May Company 8 y g . . . OFFICES IN PRINCIPAL citing

ing, the government will take less

‘weight native steers and heifers

diana’s six freshmen Democrats good

ciprocal trade agreements when | lower

Two of the four Republicans

and spend more this year, and |.

ways a big stimulus to business—| . will be able to sell more this year

departs ment store sales for the first three above the corresponding period in]

stimulating. ‘He reasons that|

who tend to save peaks of advertising success T

NOIC

Sow. prices remained steady at $14..to0. $15.50, .as stags dropped to $12.50 and less. Cattle prices remained steady, as native ~yearlings. and heifers weighing 900 pounds and less/ led the market. | Bulk of medium, good and, choice 600-900 pound average

sold at’ $17.50 to $20, as com: mons dropped to as low as. $15. Small lots of high medium and 1050-1300 pound steers held at $18.50 to $19.50. Beef cow prices remained steady, &s cahners rose 50 cents or more. Bulk of beefs in all grades sold at $15 to $16. Canners and cutters sold at $12 to iy 75, a. few cutters reaching 1 Bull prices remained steady, as good heavy sausage bulls sold at $20 to $21. Medium sausage bulls and scattered sales of good beef bulls ranged from $17 to $20. Vealer prices dropped 50 cents, in late trade, after selling at even “prices earlier jn the day. Good ‘and choice slipped to prices from $30 ‘to 32, common and mediums to $20.50 and $29 range, a few reaching $29.50, as culls sold at $14.50 to $20, a few down to $12, Lambs Hold Well l Elaugat J Jag b prices jemained steady, as

to $22. Commons dropped to. $17. | +A ‘truck load of near 70-pound na-| Sven sold at $20. A large truck of good and] choiée 98-pound fed yearlings sold | ‘at-$21. A part deck of common; near 80-pound averages dropped to $16.50. Althaugh scarce, slaughter ewes were quoted salable at $8 to nl for .good and choice,” $6 common and mediuns. | tes of receipts were| bog 7175; cattle, 575; calves, 1350, and aneep, 450. {

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THE MEMBER BANKS OF THE INDIANAPOLIS CLEARING HOUSE ||

ASSOCIATION WILL NOT BE OPEN

LINCOLN'S BIRTHDAY

"FEBRUARY 12

% A LEGAL HOLIDAY % * #

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Indiana Trust Company Live Stock Exchange Bank * Merchants National Bank ‘Peoples State Bank

| Important Reminder

"OF CHANGE IN STORE HOURS

A RIAN WEY

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term Dative ied EY 208 at $20| TT am

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mail, in newspapers, -.in perl- |}

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EVERY SATURDAY. AT 5:30 P. M.

WE WILL “CONTINUE TO REMAIN OPEN -~ EVERY MONDAY. NIGHT UNTIL

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NEW STORE HOURS

* MONDAY-=12 Noon Until 9 P. M.—TUES, WED,, THURS., AND SAT.—9:30 A. M. Until 5:30 P. M. FRIDAY--9:30 A. M. Until 9 P. M. +

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