Indianapolis Times, Indianapolis, Marion County, 27 March 1949 — Page 52

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| Pack 2 ar THE INDIANAPOLIS TIMES ___ Sa : ; SOSPAY, MAR. 27, 1849 | sgh yleel.in Busines;— Industri Fadely-Anderson Opens New Agency [Outlook in the Nation— - Adjustment Sill Gentle; Sas ae i |Atlantic Pact Seen

Depression Talk Gone |". As Real Peace Move : ® Banks in Good Condition; industry's DUIFING Week Hailed as Offering Opportunity - First Quarter Looks Promising All Other Stocks To Cut National Debt

HAROLD HARTLEY, Times Business Editor . By J. A. LIVINGSTON ) THE DIRECTION of the Indiana business rve has Score Small Gains The North Atlantic Pact may be an important economie

not changed. It is still drifting downward. The high-flying. In Mixed Trade | signal: The gradual reduction of U."S. arms expenditures,

postwar . : : , By ELMER C. WALSER (the gradual reduction of taxes, and the gradual reduction of be a pop balloon 5 bosing Yas ao er tere wo plied Sree picintu are ™ the national debt. It may mark the start of a fiscal era like someone sticks a pin in it. There is .| NEW , Mar. - e ee cra—

| : — pn meni — i gtock market this Week . sands that which followed the first] o It is settling gradually, nor-| 4, = 2 POE CUR rod a rl of cute on /the money for industrial expan |

mally and with healthy grace. |liquid. {Wednesday and Thursday - be-| (World War, when AnreW ioe hu foe uvestrent in oghen The depression spook born in| Furthermore they had 8.5 per|tween. losses early and late in| ‘Mellon was Secretary of the Secu at jr ne a the election campaign last fallicent of their assets in other top the week. | "Treasury and the proud re-® ops, Stare wud J governs isn’t talked about any more. Talk securities and only 19.4 per cent] The net result was a small loss| | ducer of the federal debt {ments ; Y swag alone scared business and froze in loans. in the industrial group and small| { + |systems, schools, etc, 4 8 i risk money. But today there is! Any banker will tell you that Sains in the others. Trading de-| #8 Mr. Mellon was able to cut both federal government cease sends not one of the five group interests|is an exceptionally healthy con- creased when prices were falling) the debt and taxes. And without ing, local governments expande: | and increased when they were deflation. As Mr. Mellon paid off expenditures. It was an era of

= industry, banking, farming, dition for our monetary resources. | Jabor and government — which! Bankers, traditionally consery- T®NE. government bonds, holders usedipeace and prosperity. The Wednesday rise was]

feels someone will. jerk—the eco- ative, sald last week that there. : nomi¢ rug from under our feet was ne-Teil cause for the Gov- sparked by an unexpected in-| in 1949. ernment’s credit controls (Regu- crease in the Pennsylvania Ralil-|

lat Ww). & critic [road dividend. The Thursday imBanks are in good condition, lation ). This criticism brought was a carryover from

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I So far, commentary on the Peace Looks Better pact has emphasized the dane {gers of war, the intensification of international discord. Yet the {pact could have a quieting effect. As the London Economist

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Hen Mn “| provement : | “ shat is the en sign. They are|icud applause from the Site tae the previous day and was a vb A “Ri furewdly Sheerves, Hitler had in 1939 the Seriaiiiyeis the black mot ovestended tn cat ey. The auto sae ue now (5, FECL rl ET grain he tu ahy asl fon Aeros wuss wh ntstose . the Seventh District in a report for some buyers, with only 21! In the other sessions, the mar. | The new Fadely-Anderson Job.Rated Truck Sales and Setvice Agency was opened for formal ‘has the certainty of the exact! The pact hasn't worsened U. 8, last week showed member banks months to pay. The industry 3% Uppatenly we SwEIUng public inspection -yesterday .at 302 S. New Jersey St. It has 25,000 square feet of floor space, picture ,noqite.” Hitler's certainty led to'relations with Russia. It merely had an average of 49.6 per cent wants 24 months. tion: “Is this a depression or windows, - fluorescent lighting, and eventually will employ about 40. jthe rape of Czechoslovakia, the accepts them as they are. Nor has of thelr assets in Government Industry Is doing ester than merely a seasonal setback in H. Ellison Fadely, who also operates Fadely-Anderson, Dodge and Plymouth Sales at 3547 E. invasion of Poland. Stalin's cer- jt increased the prospective cost bonds and 21.6 per cent in cash. Was expected in the first quarter. 0, Washington St., said it was one of the most modern sales and service headquarters in the Middle tainty may lead to peace. of the U. S. military commitment.

| A little-noticed paragraph in ee eee the recently issued State Depart-|/If the Kremlin decides to cone _— ment White Paper takes this tinue the cold war, then we'll ba On the Farm {optimistic view. It states that the exactly where we were. In his

The farmer, although plainly un-| Optimistic Reports | West.

Good Farm Year happy about shrinking prices in| Government agencies made op-| . To . . : Ne EE . the face of still high equipment and supply prices, is looking for-|timistic statements. The Bureau Pp Ad L b ward to a good year. And labor likes settling prices and, with a of Labor Statistics, predicting rice vance in Lambs 1 \pact “defines the security of the budget message Jan. 10, Presi | - I. y - few exceptions (John L, Lewis is one), is easing tension for higher | Oe ad the present | S 4 All Ti R o 41 hn Tillers Stu y YH INorth Atlantic area and the con- dent Truman indicated he would hE. ountry happivy ‘hag Come} —_ _|rate of unemployment increase | ers - ime ecor 1g |sequences of infringement” and ask Congress for funds to provide

hie was slackening and announced a | . ld | ‘should thereby enhance the like- military supplies to aid western into a period of abundance in al- eB rer oa living, reduction in the cost of living for | Slaughter Steers, Yearlings Steady to Of Gas Fertilizer lihood of reaching peaceful solu-| European nations. The Atlantia moet every Bed, exeept steel, is running a normal post-war the fifth consecutive month. Strong; Hogs Bring Top of $22 tons. Pact activates that statement, without wrecking the boat. s th «t sensible| Business generally held at a ’ i } . } i } Government officials have never course in ® Imo *nsibie|, ich rate. Retail trade showed CHICAGO, Mar. 26 (UP)—The upward price trend in lambs, By HARRY MARTIN P | d R Now that a defensive alliance has ceased to talk stability pouring manner. | improvement “over the previous| Which set new all-time record levels for the winter crop, was the Times Farm Writer | ooie esources yc. signed, the military farces of out repeated evidences a sound| It is getting prices down with-1 ooo "00 a1) under a year ago Chief feature of livestock trade this week. | Indiana farmers are studying western Europe will be unified, instead of divided, independent and + Escape adjustment. out hurting anyone. And where which was the final pre-Easter| The United States Department of Agricultufe estimated that{With interest a new method Of gispersed—as when Hitled attacked the low countries, Belgium won't spects the “The fear-storm is blowing over. else could that happen in this week, and a large one for the 32,100 cattle, 2300 calves, 38,000 hogs and 7000 sheep comprised the putting nitrogen into the soil. It|pe holding out, refusing consultation to the last minute. Which ‘aht i ; Even the stock market showed|volatile world other than in the stores salable receipts in the week ending yesterday. All week, sheep and|is Be nt the sof implies efficient use of American dollars and military assets. Not eight juveni signs of renewed confidence last|U, 8. A.? SY mon . _|lamb receipts were in very low Ce — |monia s only Will we have OUr OWRD Ie-| —— remem ; gn: | Several corporations issued fa supply. weights less tham 270 pounds. from pressure tanks rigged up on On a to resist a Russian viola- Russians have to maintain a Polic. Fl hb One phase of the automobile business has| vorable reports and several, in Compared ~With last week | Sows held steady to 25 cents low- tractors. tion of the Truman Doctrine. but! ar8¢ military establishment at as ac turned ‘a complete cycle. |addition to the Pennsylvania slaughter steers and yearlings €- The weak undertone in the, Hoosier farmers have Seen, ou we can rely on the help of the expense of civilian consumpWhen the sale of new cars started many years ago, dealers Railroad, declared higher divi- 5laug § yeartngs cow hog trade this week reflected demonstrations and are inter- y p of} vw " ere steady to strong, heifers| others, of pooled resources. Thus, tion. And they are barred from 0 i i car b ss dends, There were poor reports : narrow outside demand and a dull ested. The cost is low, and the would have nothing to do with the used car business. and poor dividends, too. strong; hogs steady to 25 cents a| 0 (UF PEST CUE method is used extensively in the the ultimate U. 8. burden is importing from the United States : Today again they are shying at trade-ins. This doesn’t mean Auto Output Off {hundredweight lower, and slaugh-| * , * or top. Re "$22. with! South ® sively diminished. | much-needed machinery. As a Ringl you cannot use your old car for a down payment. Indeed you can.) 0 ore coveral adverse, lambs 50 to 75 cents higher. |. 0 tical top Friday at $21.65. The fertilizer study comes at a All the foregoing is based on| counter move, they're reducing Seize But many an auto dealer when | | Late in the week, a few loads of Most sows under 450 unds/time when farmers are keeping DP assumption that even for the exports of manganese to the U, 8. elize with trade-in, phones a their money to the community in factors such as curtailment of steers weighing 950 pounds up-|j b $10 " vy pounce 5 : PNB pussians the cold war is too ex-| and are even threatening to ree Five run faced a tra » P . roduction of mechanical refrig- w . op ope Drought $17-§18.25. an eye on the spring skies, eager : ; used lot and gets the whole- Which they made it. p ward sold at prices which were : : pensive to be perpetuated. The'duce shipments of furs still at large 2. sale Sl ee then sells] Take George Raynes of Terre érators, some electrical equip- weak to 50 cents lower. A load, With Jedr-starvation receipts, to fal plow blades into the soft : And tWO LCI ! » i : ower. ; . "earth. d It to the used car dealer imme. Haute, for instance, he headed ment, and a slight falling off in of mostly prime 1250-pound fed oP Wooled lambs set another ni Labor-Saving Machinery |[FArMEr’'s POSTON fo’ unig on Sone crorld may Tre &igh diately. [the Red Cross drive and con- auto output because of labor dif- steers set a week's top of $30. ir ¢ ro Io nter crop ani-| Famor S . EV y { be taking an optimistic view of out of the Ce The reason. is the fluctuating| tributed his showroom for an of- ficulties. The next highest price was $28 | © ® 0.43; most good and that it is 1 2 8 oA 2 eo” unison world conditions. The decline in lead prices followed by zine quo- screen and cl used car market. There is too|fice. And he didn’t do it to sell] On average the market ended and the bulk of good and choice| © ro Closey at $29-$30.35. lon th = yas na ie v hays tations indicates that the acute shortage In nonferrous metals ia Two boys. much uncertainty for a dealer Oldsmobiles. -Hg did it as citizen the week just about exactly steers brought $24-$27. High good eep, which were very scarce, 0d 1 e Irn any ors. b €y Nave at an end, that increased war needs are discounted. Copper pro- ef and a 16 whose only sure profit comes Participation in community re- where it was a year ago. There and choice heifers sold at $25.25. Vere strong to 50 cents higher, ooking at labor.saving| ducers foresee a drop in price before the year is out. The price of were arreste | ! ———————————————————— ,

from new car sales to take the sponsibility. |was a contrast with the 1948/5250, the latter paid for a load With medium to choige slaughter equipment. 'scrap steel has slipped anew, and - car in the 22

s -$14.25. Som i risk. He unloads quickly for| Most customers do not know it Sales volume, however, since that of 972-pound Nebraskas. ee us, hy Si soas. on to eRe Mog tee waht Allegheny Ludlum Steel Corp. al ALY 1948, the, products farmers St. shortly a cash and gets out of a risk po- but the “back shop” usually loses averaged more than a million| Vealers were steady to $1 high- wis Jowered . “|while, they needed bigger f | leadi facturer of all (sell have been declining (see other boys g sition. 'money for a car dealer, and that shares daily. {er with most good and choice $27- owered and most Fuled 39.25 7 make the invest ger farms Gading many aclure a70Y sell have been declining, partly Seize Old line new car dealers no includes the parts business. The| Because of the declines and ad- $29 and a few odd head going for, 5 {while. e Investment worth steels, has shut down one sletric/hocanse of increased production Another ru longer have a bed of roses. Dur- reason is service. When a dealer| vances, the net changes for the $30. Only lightweight stockers PYTHIANS PLAN PARTY | Louis Meyer, and his blond furnace and two open hearths at ¢ Brains in Europe. When in- to. thé 16-ye ing and just after the war the sells a car he also sells his obli-| Week as a whole generally held/and feeders grading good and Myrtle Temple 7, Pythian Sis- British bride, up in Tipton County| Brackenridge, Pa. just outside , i Prices continued to rise, ously recaptt business was hurt by the quickie |gation to keep it running. to fractions. American Woolen choice were above $25.50, with the |ters, and Capital City Lodge 97, last week said he felt sure the Pittsburgh. Obviously, steel is In| son ares lost much of his post. police at 2 used car dealer who came in to! Mr. Raynes believes the day is Was down more than most issues price range eon animals 1050 Knights of Pythias, will sponsor days. of making good money on| easier supply. {way vantage in buying power. St. and Roa reap a harvest, promising any-'not far away when “packaged | because of 3 falling off in “or- pounds down at $23-526.25. {a card party at 8 p. m. tomorrow the farm were over. This, in spite; Farm prices had reflected the! OW, as prices of metals, durable The eight thing to make a sale. He hurt|repairs” will be the custom. In- ders for the company. Atlantic/ The most decline in hogs com-|in the Indianapolis Pythian Cen-lof Government predictions of a shift in the world supply-demand Soncuvses goods, ete., decline, the the largest the reliable dealer. Today the stead of Yepairing a carburetor| Gulf & West Indies made one of pared with lasf week was onjter. {good profit year in 1949. | position much earlier. Since Jan- bit bigger. may begin getting a made from 1

leadership o

ENTIRE STORE OPEN EVERY MONDAY AND FRIDAY NIGHT UNTIL 9 O'CLOGK | ot or

there Mar.

—OPENS MONDAY AT 12 NOON Peoria, TI.

Center Frida

old line new and used car dealers|or a generator, the service de- the larger advances on readjust-| are coming into their own. They partment will quickly substitute|™ent in the company’s holdings. | ' are solid citizens who give to a factory-rebuilt part at small Utilities Advance thelr Community Funds, take cost. It will éut repair bills, put| Utilities, the best performers, part In Red Cross drives, dead parts repair at the factory on a had gains on the ‘week ranging Boy Scout troops and contribute mass production basis, and give to more than a point. Some of something of themselves and faster service. the railroads held advances, too.

| Motors eased a trifle. So did He confe: : Still more companies are dangling dol-| the oils. Steels were about steady | ’ thorities tha Think -It Pays lars before the eyes of employees for|and the coppers also moved in a| cape, feignin cost-saving suggestions. Some plants split. the saving with the partow ayaa. Atrcrang Armed an bedche: on favorable reports. ectrica e other employee, and in the aggregate this often runs into tall money. lequipments firmed despite some been plannec Indianapolis plants do it and find it pays. It makes the em-| curtailment in their operations. a rope of ployee a part of management, makes him responsible for keeping| In the industrial production fig- dropped fron costs down. Nationwide, it is a, improving the finishing proc- | Ure small declines were sufi- ROEBUCK AND (de) gow, common practice. General Elec- ess {cient to bring a net loas in the Scree ) Tye . | indexes. J : They had trie Corp. reports that it paid pope, sensible fo belleve| loadings declined because , : the rusted. t $277,218 to 17,629 employees last quicker, better oth n 0d) of the coal shutdown which ends | which is th year with the largest award of ju; work than anvone ioe Re Stomo rrow. Steel operations vision on t $2285 going to an employee in the when he gets paid for it. "¢ yielded a trifle ground, also be-| Center. (Ju

that ahd the Cc

have repeate tions to rey screening bt down by the Charles F tion officer « last approj County Cou

AMERICA'S NEWEST WRINGER DESIGNED io i ¥

ter sum pro

cause of the coal situation which : affected a jew small plants. Bargains Life Magazine turned the nation's eves toward the Auto output was sustained wry New York Stock Exchange in a recent issue, point- sHghtly under the previous week ing out bargains on the big board. ' and indications were that the secSome stocks were selling for less than the operating capital in ©nd quarter of the year will set the companies’ bank accounts. And many were selling for less than ® NeW 12-Vear high. the company’s physical assets would bring on the auction block. Construction had one of Its Even this did not perk up the ‘I periodic spurts and was up 42 market. Risk money, still afraid Was carrying a weeping towel on Per cent compared with the preof Congress, nodded that it knew Wall Street. It changed the out. vious week. Gains were noted in No need to set levers or

refrigerator division in Erfe, Pa.,'makes it worthwhile.

about this all the time. And what 100k, picked up appreciation of crude oil and gasoline production. |90dgets for the giant 3 in r cient only t of it? What investment cash is Other stocks and probably wil and gasoline supplies reached a wringer rolls pressure. Rolls INTO AMERICA'S NEWEST WASHER flooring and interested in, for the most part for a time at least, put a damper record high adjust automatically. ing. is the capital gains at on unwarrante sic k - — a ; —- No | stock” trading. Buy a i The Pearertvame io do i Pair Arrested va thes sing tt that you have an open view of “We still . \ 8 8 ¢ neide , . . ° sell it not less than six months is not asleep at the im or ally . Clothes going through rolls—prevents tangling, crease secu later and you can keep 75 per| mprovement In Shooting feed-back of laundry in rolls. said, point] cent of. the profit. [ switch. Last week the railroad Th Sid th . have been n What di » . 2 ordered f Nar a ao “ A 19-year-o Soifth Side vou vi 2 . A . : . . d give the stock market our electric freight loco 1 J L¥FAE OE BO leg In the si MATIC means that the new giant size 3-in. since acquf: An eye-opening lift last week was motives with more power, ef : : aft . rolls rovid . , Indianapolis the Pennsylvania's healthy divi- ficiency and flexibility from West. nemo Both wer Yr an win Sp Ide constant automatic pressure. Ne In other : : . oon, ( R © : dend at a time when everyone inghouse and General Electric. vagrancy by police. heed tor lever-settings on roll pressure, the week-en

from Maryd two inmate

Girls Schoo 49 KENM o The two (

were - recap

WwW diately but were still a # A 5 Fi £ H 3 Cash

Till Is Le

Three me I. selves to $2! ® ter of Geo: , Illinois St.,

Re ul d The victim, Raymond Jefferson,’ ewly developed Von. N -S h d | d 933 8, Hosbrook St., said he quar patie wringer ts all . E] ar an on Cc € u e reled with Leslie Coyle, 39, of 936 view of loundry om 8. Hosbrook 8t. He said Coyle gene

® . ; . i Airlines in Business War pulled out a revolver, saying “I through wringer rolls

‘ don't want no trouble with you.” i i When he made a’ grab for the ompanies Operating on Schedules Demand | "Jl police, he was siugged ~ Stricter CAB Regulations of Small Rivals on the head. In anqther attempt 8% MO By RADFORD MOBLEY, Times Special Writer to disarm Coyle the gun was dis-

I (charged, he related. WASHINGTON, Mar. 26—There are 27 regularly scheduled air! Jefferson was taken to General

0 operating domestic U. 8. routes, divided into 16 trunk lines and Hospital. Officials said he was er lines. lonly slightly injured.

There are 108 non-scheduled airlines, more than half of which are operating.

And they are having a gorgeous battle for the passenger and

Butler Professor to Speak Sweeping design of new

freight business on the pstic] — | wringer rear of the airways, ‘ domestic safety rules. The scheduled lines At YMCA Tuesday more actual oh oo . Mr. Jags The scheduled make a great point of this latter! Dr. 8. Marion Smith, professor wringer area—fagter! $21 Down, $10 Month regist i uled airlines want toe, + Th . of New Testament in the Butler orl S egister rin keep their position of control Ch e non-skeds say their, ersity school of religion. will on Sears Easy Terms the men fl They are certified for point-to- Operations Bre a3 sate ax an) speak at a dinner meeting of the . (Usual Carrying Charge) gave chase point operation by the Civil Aero-| Ot Charge Rate-Cutting Church School Administrators If vou have n . . alley. Rautics Board, and must comply | The scheduled lines say tt .| Association at 6:30 p. m. Tuesday you ave not seen this new Kenmore semi-auto- The thiev with all operating: and safety, “ edo tin the C 1 YMC : . matic h h a streetcar regulations. 3 |Skeds an complete Jreedon to RE ra we A « ‘e N hen er—hurry now to your Sears store! car and d The “non-¢ o i 4. /0Perate when and where they 8 topic w ve e Superin- : ot i I 1 ‘ oh tier ion, operate please.” They say that as a mat- tendent—the Key Man.” The as- . or’ e the massive new design that gives you 25% Jaggers wi subject to the same strict Tegula ter of fact many of them are sociation is sponsored by the ®ennngen” more actual wringer area. See how the giant him as on¢ f “|operating on scheduled runs with- Church Federation of Indianap- - “1 i i 1 —. Yon. 1 ial Di {out CAB approval. lolis, Lester McKinley, president 3 inch rolls automatically adjust to wring the BREAK UI is nancial Difficulty | The cut - rate ‘operators are and superintendent of New YOrkK § position wringer ond maximum Smount of moisture from laundry items : BRISBA! sc u nes, w pC y $ y 8 tvargelic 1 . 1 . Cl to er he nich lay careying passengers at a cheaper Street Evargelt al United Breth power leg construction of any size! Note the new safety features of the Soixe 3500 national defense, want protection stopped. These are the charter Swan Sather buiance, more great hew Kenmore—the semi-automatic washer fruit, brok Ey ha ase A ae Uodry te, ey” ar vith the 20-minute signal timer and the revlu- pes ! : : 1y ya north o ficulty. CAB recently had to put semblance of scheduled runs. oe tionary double-wall tub that keeps water warmer the Comm up a Te lon in haai- Bul cheduled ilnés say they | 4 V longer. See Kenmore—now! — ee em are, C i 1 Bnd ame De Arges pen Presse trom fg | NENMORE|_ {4 Times | The non-skeds ask for open Want the non-skeds curbed. The [Fi=aWll na fa in Washes [oy MONT WAY a. Amusement campetition, and have urged At- non-skeds want more freedom. [ie KL if . Yo sav I. Ww ‘ Bridge ... torney General Clark to look into Congress, divided on the issue, | , Ya}. : * Business . * possible violation of the monopoly Wants to know what CAB I$ go- WASHING - : Comics ... ws. The anti-trust division of ing, Jo ; I | MACHINES Editorials _ the Justice Department has inter- 8 only so much cake for | | . : i ,. Fashjons . wvened in the case, Fa airlines 10 eat at present. ‘%c Foreign Al The has a stake In the Somebody will have to divide it in Forum .:. ‘fight, non-sk CArTY pas- » passenger and Hollywood - \ “Inside Indp

sengers freight at lower cost, taxpayers, Po : afin Jak subject to sis iy Gin ans Tati jnuanavatis Thus)

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