Indianapolis Times, Indianapolis, Marion County, 29 March 1949 — Page 1
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60th YEAR—NUMBER 17 te
FORECAST: Fair and mild tonight and tomorrow.
Cut | in Prices Seen Ure Mterhuy As End of Inflation
Margin $| Slash Spurs Buying On Wall St.
Broker Expects Broader Market For Risk Capital
"By LEO TURNER United Press Staff Correspondent
NEW YORK, Mar. 29—A tremor of excitement ran through Wall Street today as nation-wide price
cuts and statements by banking, officials indicated that inflation] was on its death bed. The stock market opened with a flurry of buying that sent stocks; from 1 to 3 points higher. The situation at a glance a few] minutes. after the opening: American Telephone & Tele-| graph up a full point. United States Steel up 11 | points. | General Motors up 5%. Standard Oil of New Jersey up|
15. Montgomery Ward up 12. Santa Fe, leading the rails, up 17%. On the curb market, Kaiser-| Frazer, which last night an-
nounced it was cutting the prices, on its various automobile models | from $198 to $333, advanced 3 of a point. Margins Cut ! Even bonds edged upward in| the market flurry, and commodities held firm. Cotton futures were unchanged to two points higher, The increased buyers interest was attributed to the announce-
ment in Washington by the Fed-| that effec-|
eral Reserve Board tive tomorrow only a 50 per cent down payment would be required of investors and speculators in securities. A margin of 75 per cent had been required since Feb. 1, 1947, and a full 100 per cent was re-
quired for the 11 months pre-|
ceding that to guard against inflation. However, Marriner 8. Eccles, senior member of the Reserve Board, told a television audience that deflation and not inflation] was the problem now facing the country. Broadens Market The margin cut was welcomed by Wall Street, but the flurry of buying today met mixed reac-
tion. Harold L. Bache, senior partner of Bache and Co., brokers, said the reduction “should tend
to broaden our market by enlarging buying power. It also
(Continued. on Page 3 —Col. 7)
Prices Edging To Low. Ground
By HAROLD HARTLEY Times Business Editor
Prices were edging toward
lower ground today but with a’
new technique. With the exception of
sene, range oil and diesel oil, and
a few other outright price cuts, |
manufacturers were finding more rational methods to get into a lower price range. “Strip down” models were appearing, lacking in frills and
fancy extras, at lower prices. And| the radio field was getting rid of|
last year's jpaodels at reduced prices. In the East, ice cream was dipping slightly, about three cents a gallon wholesale, but there as yet have been no reductions in Indianapolis. It is well known that last summer was a poor ice cream season here and there has been no pickup. In Automobiles, General Motors announced a price cut Feb. 25 and followed it with lower truck prices a few days later. Willys
cut “Jeep” prices last week, and Kaiser-Frazer announced a sharp price cut.
« Fri ifdaire cut all of its prices h little John. Sma mbBUL the wringer- type washing machine
.per cent last week and
business has slowed considerably.
In the cylinder-type automatics|
competition has set in and straining price levels.
The used car business,
kero-|
i8|(UP)—The $30 million USS Ro-| —
offer- most powerful light cruiser, will]
Possible showers la te tomorrow ér Thrariday
TUESDAY, MARCH 29, 1949
‘He Couldn't Take It’
. |here today.
diana and
|insurance, |Conn.,
:
bingo and
Photo by John Spickiemire, Times Staff Photographer. Mrs, Bonnie Snedey and son, John . . . ite man, Vhs now?
[from
wile 18, Left With Baby, Blames Mounting Debts for Mate’s Action
They were a couple of téen-age youngsters when they got married.
age when most Indianapolis young people are still in high school. | © But they set out to make their way in the world, 18 months ago. And they couldn't quite make it. “Maybe it's because we owe too
ills Jo ldn’ k TV A many bills and Joho couldn't take Lilly Medal Goes | To NU Professor
erated by
ley said today. She held her 3-month-old son, John Jr., in her arms. They were alone in the one-room Massachu- for research in biochemistry, consetts Ave. flat with no money and sidered one of the most import-" little food. John was gone. ant awards in that field, has been Wanted for Embezzlement awarded to a Northwestern UniPolice were looking for him on Versity professor, it was a warrant charging that he em. nounced today.
bezzled $180 from his employer The medal and accompanying while driving a fish route $1000 grant will be awarded to
Dr. 1 g M. Klotz, associ - “I don't know what made him rving M. Klotz, associate pro
io it.” said B ) Her lip t fessor of chemistry and biology er ap he Ne Ann Ss of Northwestern, for his research “But IT wouldn't take him back | into the nature of protein mole-
. Ca ules now even if the police didn't want pu o8 award Wy reported at the (him: .
) American Chemical Society conMrs. Smedley, 18 years old. vention now in progress in San mother and deserted wife, s Francisco It will be presented quietly in her living room filled pri presen
to Dr. Klotz at the autumn meetwith furniture yet to be paid for. , She and John owe for the washing {ing of the society in Atlantic C ity.
county
an- make a
He
patrick. nights to
with long play all
'machine and the refrigerator in | Downstairs, there's the bar and i Dillon labeled as “indefinite” in Sam Jackson of Ft. Wayne. addition to their debt he liv- Oh, Sore, Huh? ? | the slots. A long bank of them. come diluted beyond harm. length, leaves hundreds of Bloom-' Mr, Jackson, otherwise expected answer, yet, he said at least loing room suite and breakfast set. BOSTON, Mar. 29 (UP)--State But just for Moose. 2 Cases at a Time lington men and women unem- to be a serious contender for his cal landlords and renters hadn't | "Sen Joseph Gibney is peeved be-| Sit Upstairs Just eight years ago these chil- ployed. party's senate nomination, might turned on the heat yet. He fully Cites Mounting Debts cause a state printer misspelled] SO you're not a Moose. You dren were doomed. Now the Cen- — cross out the chances of another expeets it if Congress gues There is the rent to pay and th f oO ke Ch SSP can sit upstairs and play bingo ter averages two such cases at all C G t It |Ft. Wayne Democrat, Alex Camp- through with its present plan. $200 to a loan company for jun-| '¢ Pame of Lake argoggag- listen to the drone of the times and recovery almost is ome e bell. Mr. Campbell now heads the Expects Seige for’s delivery. The loan compan (oBgmanchauggagoggohaubunagu- caller. . And listen, too, to the taken for granted. DECATUR, Ill, Mar. 29 |crfminal division of the Depart- } has a mortgage on the baby, but ‘ngamaugg. clank of the levers, whir of the. Chances of parents having al’ (UP)—A Decatur tavern |ment of Justice. \ Mayor Lester E. Holloway of at least it can’t take him away| Mr. Gibney complained on the . ;inqers and tinkle of jackpots— child battling the Rh factor are| served nickel beers today | Principal hitch in the plan to Muncie said he didn't know how for nonpayment. Senate floor that the name ap-|qown in the basement. not everyday occurrences. Some| for the first time in years. put Mr. Jackson on the shelf py he was going to figure out what And then there is the daily mat- Peéared as Chaubunagungamaug| pown in James Whitcomb 85 to 87 per cent of the popula- The owner said it was just appointment is that Illinois wants @ majority of his citizens want, ter of buying food for herself and ©" @ bill to repeal the law re- Riley's hometown on Monday tion have positive blood, the re- a “special price for a few [the appointment for the court va- but was certain he would be “belittle John. stricting fishing at the lake. nights, you don't have to go mainder negative. days.” cancy. sieged” with ideas from organized “I could manage if I could get The Senate ordered the bill to “Out to Old Aunt Mary's.” The danger to a child come landlords and protesting renters a job.” said Bonnie Smedley. “Ir A third reading—without correct-| Just go out to the Moose when the mother has the Rh The Brute Beautiful— very soon. I could get the furniture paid for, Ing the name. "Home. negative factor and the Wn “There does seem to be some .
then I could have a place of my own, “I don't want the welfare.
Bare Identity, can do it myself if . Th ! [mers want any’ never © reyes Sun-Lovers
Cruiser Nearly Ready
PHILADELPHIA, Mar. 29,
|anoke, described as the world’s) NEW YORK. Mar.
ing better values than at any time, be placed in service Apr. 4 in| |1dentities.
since 1941, is virtually at a standstill, dealers reported.
|commissioning ceremonies at the|
“WwW on | Philadelphia Naval Base. hy cover up anything?" seems 10
On the Inside
Indianapolis. He is seeking to| strip the veil of anonymity from| |sters wher nudists, which is all they have a Skinful left on. Joe's letter is in the April issue azine
Amateur Hour spectators will see two and one-half hour show ..............
Foe of Rankin bill urges old of two wars Russia frees Germans to sw
IEEE EE EER]
Around the World ..... Ce ivi terete din . Page 6 them,” he writes, “but it does not.! Mr. Hurley asks all nudists to Co. store. Proceeds from , ; My wife and I, in answering ques- be sure and stop by his shop when ticket sales will be given |the reason for the vest's loss of. RR Red Cross: goes over top in big w Way ......ooeen.. PAB 6 yong are just as frank and hon- they're in Indianapolis. by The Times and WISH | Popularity, but most of them: Fe w . nx 4 a 4 lest as the movement itself.” [ I remémber meeting a newly to St. Margaret's Hospi- ov tat I Was on Ha way out. to or omen—— ; He mentions that a “raid” married couple when I visited a tal Guil e lales ng. in shirts are MW . 4 @ : Other Features on Inside Pages ‘didn’t hurt them one bit. {nudist convention last summer. 8] oid, “complexion colors,” with a rakish ® Your shopping is made Amusements. 8 Fashions ....15 Mrs. Manners 10 Ruark ......11, “Almost everyone in the com- It was a strange courtship—they’d Prices are: Arena Floor (pink among the most popular. shirts with a “deep v-neck, to ex- easier by Louise Fletcher,
Bridge ......15 Food ........15 Marriage ... Business .... 8 Foreign Aff...12 Movies ...... 8 Society ......13/on to say, "Childs ......12 Forum ......12 My Day ....,13 Sports ....16-17 people who are now definitely left on their honeymoon, Classified .18-20 Gardening .’..14 Needlework .14 Teen Probs...13 nudist-minded. Comies ......21 Hollywood .. 8 Obituaries ., 9 Weather Map 6 sell about 15 copies of ‘Sunshine that,” someone suggested. ..10 Inside Indpls. 11 Othman .....11' Earl Wilson. .22' and Health’ ea Editorials ...12 Dr, Jordan../15, Radio cesnves T/Women's 14-15
Crossword
| of “Sunshine and Health” .. Page 2
age credits for ex- ‘GI 8s
Ce .Page 3 Who are in business should In addition, there are other Get them NOW . . Ta. m.. 5 11a m.. 69 Al 1 ks of Red g advertise. clubs being formed at Terre while they're available (In use, resulting somehow from 8 a.m... 57 12 (Noon) 70 ell ranks of Reds ,,. “Some may think it would hurt Haute, Muncie and Richmond. . at the Wm. H. Block [trousers without walstbands, the 9am. 61 1pm.
+10 Side Glances. 12 munity has read about it,”" he goes met and
1 believe I can!
It seems thes are lots of Hoo-!
As Insurance Hub for GI's
Proposal Outlined To Congressmen By State Leaders
Times Washington Bureau WASHINGTON, Mar. {plan to transform Camp Atterbury into a civilian city which would become the etary {for National Service Life insur- # |ance in the 4 unfolded to Hoosier Congressmen
The proposal was outlined by John A. Watkins of In-
tive director of the Indiana Department of Commerce and Public Relations, at a (Hoosier Congressmen called by Rep. Ray Madden of Gary. Camp Atterbury is | Army stand-by service. {posal of the Indiana officials, if adopted, would make Atterbury {the national center of veterans
| is recognized as the hub {of civilian insurance activities. |
| Members of the Indiana con-| \willing laps. . \ Tear ne Tt was | Most of them admitted frankly learned the matter would be they didn’t know dny more than [taken up next with Carl Gray Congress about what to do with controls. Several expressed the
of the veterans Administration.
Sheriff to Probe rete Bingo
| Gambling ‘Unknown’ To Hancock Authorities
By Times Staff Writer GREENFIELD, Mar. 29-—Near-ly everybody in town knows about
full blast at the Moosé Home ex‘cept the Hancock County sheriff and he said today he'd find out. | It could be those heavy pilgrim-| |ages Monday and Friday nights) Indianapolis (towns along U. 8. 40 are bound meant death to newly born babies is no more. Y 'H I d He "Fl |for the shrine of James Whitcomb oung us an ere ees Riley, Hoosier poet laureate, who Iwas born here.
$180 Embezzlement Charge aL ily, feels Of Miu magical curioaty
orial to the man who wrote about!
the ole swimmin' hole and the watermelon patch. they no longer fmee almost aid “Hold Circus Cook
Attracts ‘Piigrims’ There also is the Moose Home with its slot machines and bingo
Bonnie Smith was 16 and John Preston Smedley was 17, an and that’s where you find the pilgrims. The gambling setup, op-
|cently heaved out of Indianapolis, is attracting more pilgrims than relatively common,’ [the poet's shrine ever did. But this was all news—astound- the ing news—today ‘to the Hancock Center sheriff's The Eli Lilly & Co. gold medal rate, Deputy Edwin Heather was born. mighty surprised to hear it. “Slot machines? at the Moose Home? heard that. trip out Heather said. Thanks The Times thanked The telling him all promised he'd mention it time today
Mondays or Fridays Moose. The main floor is jammed the bingo want (three of them cost you 10
cents a game, but you can play 12 cards all night
Ea | Nudist Here flicted. The danger mounts with
| Advertise, Joe Hurley Suggests; | ‘Why Cover Up?’ Seems to Be Motto
Read “It Happened Last Night,” Page 22
| “By "EARL ‘WILSON, The Times’ Broadway Columnist 29 — An ardent Indianapolis initiating a nationwide campaign to have all sun-lovers bare their
Hurley, who runs Hurley's Variety Store at 1052 § 8. S. Belmont Ave, For Amateur Hour!
shine. I noticed that the mag- locations—some of the '| However, they pointed out that ‘over from Congress the ‘responlists nudist groups at best—for Old Gold's |the changes actually are very sibility” of destaing what to do the Granger, Wheatfield and Muncie, Original Amateur Hour |“subtle,” meaning that no one will with them.
'nudist magazine, which has an|/and one Indianapolis bunch called (attractive nude gal on the cover. the Fern Hills Club at 36 E. La |He suggests that those nudists Grande Ave. } {
“and I have several Later they put on their clothes and “There's nothing strange about
month.” just couldn't wait to other with their clothes:
imes
Low Sorigh 90; high tomorrow 74. »
PRICE FIVE CENTS
Entered as Second-Class Matter at Postoffice were !
Indianapolis, Ind Issued Daily
State Mayors Jittery At Home Rent Rule
Science Gives Him Normal Chance It's Suicide |
Says Meadows 0f Richmond
Feeney Refuses Any Comment Until Bill Passes
Bricker moves for recommittal of rent curb bill . , . Page 3
By ROBERT BLOEM | Many Hoosier mayors were resigned to involuntary political suicide today as Congress moved to dump the rent control hot potato into their un-
20 — A
United States was %
Marion Ayres, execu-
meeting of
now in The pro-
much as Hartford,
view that they would gladly have 1 waited a little longer for “home 3 rule” and wished Congress would { | keep its hot problems in Washe- | ington, | Gov. Schricker, like most of the mayors, wasn't prepared yet to say what his view would be on | continuing or ending rent cone trols. No city, however, would be able
to junk the controls under the te ney lugget bill now before Congress without {he governor's approval.
Feeney Comments Negative-Positive Conflict at Birth
Here in IndWanapolis Mayor Feeney commented: Now Considered Fairly Common Ailment i Fy Talks By VICTOR PETERSON With McGrath
“I don't want to say what the ‘ity is going to do about rent conThe dread malady of opposite blood types which so recently By DAN KIDNEY Times Staff Writer
trol until the bill is passed. After WASHINGTON, Mar. 29—Indi-|
all, it may still be amended or it . might not pass at all.” The other extreme was exThe hospital admission of a child battling for its life against 5,4 Democrats today were plugopposing Rh blood factors of parents no longer is a matter of ging Frank McKinney, Indianap-| |olis sportsman-banker, for treas-
pressed by Mayor Lester BK, {Meadows of Richmond who was Afflicted children are at as sick as in years past, they still |uret of the bow Bear the jaundiced color. — Sralie Jyationa
Today's Rh baby . . . born eight years too ord to die.
Rh Blood Fault no Longer wn nove ao Eeybeg] $0 New=Born Babies
slot
and other
{openly resentful of the congrese {sional move to shift rent cone | trol to local governments, | Committee. | It looks to me like Congress | National Committeeman Frank McHale
{has a job to do and J. just scared Ji Ay 4 Mayor Meadows said. made the plug
“They brought centrvls about so {let them finish the job. Speaking aCe [strictly for myself, they will have official in a conference this orning with
tain death.
Such children once were news- On Draft Charge
paper copy for their recovery ' from the death-dealing blood con-| A 22-year-old circus cook was ditien was a miracle. to be brought here today for a hearing before U. 8 Commission-
‘Prepare for Worst’ n a charge of viola- N
to compel me to take on the job a couple of gents re“Today we consider the ailment TF Hughes o ational Chalir--Selective Service Act
‘It's Suicide’ As for the solution, if he gets stuck with it, Mayor Meadows said he knew sor«e landlords who weren't getting enough and some
or I will have nothing to do with said Dr. Don- tion of the man J. Howard
it.” medical director of by failure to tell Se loc al draft McGrath. T h e Indiana University Medical poard he changed his address. party post ha ‘We are prepared for the Melvin Frank Merz, Lawrence yeen ya can {Frank McKinney
. burg, was arrested by the FBI Blythe even before ibe child is and the Dearborn County sheriff Sinde ine Seah of Joseph Bly who were getting too much. “Expect: Friday at Aurora, Ind. i bei art owner of the ‘But it's suicide for a mayor Out co Lo According to ‘he FBI. Merz PI Pirates and the Indi- to monkey with this stuff,” he Why I never find she is an RH (negative, we registered for the peacetime draft ,n,p01i9 Indians, Mr. McKinney concluded. | I'll have to stand by at birth with a supply in Paris, Tenn. and then took a already is treasurer of the Indi Mayor James Maguire of Kothere.” Mr, of positive in the same classifica- job with a fravenns eieus. When ana Democratic State Committee. Komo said he expected to toss 1s tion. 8 registration wis transte He is a powerful part of the problem to a -man c . “Transfusions begin almost at © Lawrenceburg, He Hig ot Post party group which seized control Loe of his ny Sounel] # Congress for birth. If the child survives three his change of addr of the party organization last losses 0 him. e sa and days. chances of living are good. charges. year and paved the way for Gov. Would act on the recommendaIf the child lives a week to 10 Schricker and the rest of the tions of such a committee. ) days. chances of a normal life Shut Down ‘Bloomington party's ticket to sweep into office. Mayor William Betz of Vine are excellent,” he said. F it F tor It also was believed Mr. Mc- cennes called the proposed new “If-a youngster must be sick F'Yrfl ure rac y Hale took up another appoint- rent control bill a “buck-passiug at birth, the ailment of the ON TM: oa __ ment matter with Mr. McGrath|operation.” Rh-factor is a comparatively good or 00MINGTON, ar als which may have an important “There are a lot of things pers one tor the child to have. 8 Ortages 0 “ gi oe: were bearing on the Democratic sena- taining to home rule that we know what to do for it.” */and Sr nN er Robert torial nomination next year. It would rather have” he said, In the process of transfusion, Plamed 0 ay a of seemed likely Mr. McHale was “Why, I have to wear asbestos technically all of the child's blood © "0 ors OF ror Furniture fac trying to get appointment to the gloves most of the time now to is removed with the exception of| tor Swe shutdown. which Mr. |U. 8. Circuit Court of ‘Appeals for handle problems 1 already have.” a small portion which has be-| y. Although he doesn't have the
ald J. Caseley,
office. At any worst
Bingo?
Guess
Times this someto Sheriff Ed Kirk-
about
are the
go, if you're not
tables where you can cards you,
for $1).
| indication that de-control might help to ease the housing shorte age,” Mayor Holloway come mented. - But he added ruefully: ‘They told us when OPA was off everything would settle down to normal and it hasn't happened yet.”
Other mayors expressed simi lar views. They agreed they probe ably would have to make a decision, possibly with some help from their city councils, but didn’t know what it would be. A few clung desperately to the hope that Congress wouldn't “go through with it.” | Several said it wasn't home rule at all when they had to start with controls already on and take
The first born of such
virtually never are af-
positive union
Frills for Big Bruisers Expose That Hair on Chest
Vests Pass Out But Not V-Necks
each succeeding child. The reason is the negative mother develops antibodies in reaction to the positive blood cells {in the embryo. In time enougn
antibodies are developed to affect ) ) , a child adversely. CHICAGO, Mar. 29 (UP) —
| That is when medical science Light gray and medium blue suits steps in and holds death at bay. with fuller shoulders and snugger |hips are the vogue for American ~~ men this spring, a survey of salesGet Tickets Now men, merchants, and manufac|turers showed today. Lighter colors and “functional designs” will be featured, along with patch pockets on suit jackets, {the experts said.
in U. S.
nudist is be the motto of Joe
just can’t wait to get of that Indiana sun-
You still have a choice selection of reserved seat
broadcast and show at the Coliseum Apr. 6.
(laugh if a fellow appears in last {year's suit. The vest seems to be declining
LOCAL TEMPERATURES 6a m..5 10a m.. 68
experts said. None of them knew
Times Woman's Editor, in her tour of local stores,
® You will find valuable
Chairs, $240; Box and Parquet, chairs, $2.40 and $1.80; Side Mezzanine, $1.80 and $1.20; East end
| A press agent for an eastern pose manly chests.” manufacturer described ‘shirts| Another trend is toward more| . aglitter in woven gold metallic| “colorful male unmentionables,” cloth with matching gold buttons including blue or flaming red
married in the camp.
“They Mezzanine, 80 cents. All |worn with capeskin gloves pro- ‘shorts with. matching shirts, a Ea nia in Her 3 ; e each . seats are reserved. Prices [cessed with 24-carat gold leaf.” Also available is a full-le : vi bes n." | include tax, “| The same company festuring vais ‘suit in coal black, \ © @ Turn to page 14, - “et, oy q n 4
| it HE : fe Yo Fn Ww \ i . ik 4 rl on 4 | 4 sx YA Vidhya best co fl st Hk Gi 5.1 hi } . ws aa ir SR