Indianapolis Times, Indianapolis, Marion County, 24 April 1949 — Page 52

? re t

- “and a lot of people ought to be)

- more convenient, and annoying being placed for cutting tools. The! 1. to those who have to pull the “phantom orders” are war orders

ona ue glue-backed label which nothing to (get excited about,

Wekiin Botner Long, Slow Price Drop | pn Offsets Lower Incomes |

. Wage Earner Not Much Worse Off * Than Last Year; Cash Buys More | rn

By HA H. HARTLEY, Times Business Editor | During the John Doe began to spell his name John! Dough. Early this year it looked as if he would have to go back to the old pre-war spelling, but reports in Indiana!

indicate that he actually isn't much worse off than last year. i _ ~~ happy in January and February ‘He is earning less money, because the figures did not look i well along side last year's figures. on the average, but declining ‘But soon business men became prices offset this factor. An- ware that last year's figures Shes eS on on faves 1s pe were far above normal. The de- ; 3 cline, ever, e o nomenal capacity for production, Sine However: Ol ye them Bo broad is the price adjust-,.4 to find ways of getting costs ment downward that even the gq... without cutting wages. gloomy-faced politicians in Wash-| qq jeft one main alternative ington have stopped beating their, wich most manufacturers re-Inflation-control drums, Their sorted. They looked aboiit their new tune, with'still gloomy faces. 1. ts for ways in which to cut is price support. costs, Many installed additional The business decline has been jahor-saving machinery which inJeal enough and steady but it yolved substantial outlays but sunk very few,

2. saved them money in the long ‘Some business men Were un- i

run. 3 ¥ Almost any merchant or industrialist will | ‘Off a Little’ oi’

tell you quickly that business is off “a Hit-| tie”. But the average businessman is adjusting his perspective to a point where he no longer thinks things are so bad.

Building in Indianapolis is moving along at a satisfactory pace. One project in the Hoosier Airport area calls for the erection of some 400 low-cost housing. | — | . come out of the war a much big Banks Show inst Savings have ger town, a better money-making! interpret as a storage of money | restive ' heiirg with a more against stil lower prices in. the a iB. Heures i in tn wang marke] If, ¥¢ EO Pan nothin 4 hitping 1a Pocketbook buttoned , "vr community bank which nol : | recession can harm. i But the hysteria which hit pub-| gyginess is sound. Prices are lic thinking last January and gi) falling, and will continue to] February has subsided. There gy); But there still is work for still are those who talk of a busi- neariy all those who know how, ness soliapae, be, She longer Hey to do something and are willing, an e collapse {to do it. { Rappen, Ihe Jens people listen 10 And that is prosperity, no mat-| m, fortunately, As a whole, Indianapolis has it in. - |

Announcement that the 500 Mile Race will be teleTv Rus vised put the television distribution industry in high ar, Waiting prospects rushed to sales rooms. to get their orders early, They were taking no chances in being caught in the installation log-jam in the last half of May. : 1 Television dealers felt a refreshing puff in business which may! develop into a hurries before tube for which RCA is building Jie yen ng proession. of them 'a $10 million plant at Marion, Ind.| are vay dealers and radio was, The TV distributors and deal-| one of the first products to come ers have been far-sighted in their | into over-supply. Some already approach to their problem. They | had to allew larger trade-| knew all along when Indianapolis ins. rs out prices openly. |got a station (WFBM-TV) there

On the Farm—

Indiana farmers are far from

Television percentage wise is would be a stampede to sales- pyyp For them it means trouble and a summer filled with uncer-| - {longer at local meat counters this expansion program of the com-

said; 41 don't see any week as choice porkers in the Pany.

{rooms. So Radio Equipment Fo. tainties. ; " sets cost more, averaging Inc. (Philco) installed a free; iii $300 to $700, so the aging tallation school in the base-| .nq0 to it, profit is larger. TV is exactly ment offering courses to all radio pn, what the radio business needed in service men free, as a contribu- | -

this area. {tion to the industry. i] eo Distributors are making In<| Crosley and Admiral, as well! g er C 00 : creased demands on manufact- as Westinghouse, General Flect-! ; Facilities Urged

| 1200 Attend State

urers who are stepping up pro- ric and the other big makers, PTA Conference

better than the radio business.

leave time where it is,

duction ‘all along the line. The are prepared {o deliver and install 10-inch set is popular because of sets, but they warn that television price although the major makers buyers should not wait too late] report a heavy demand for the in May when installers probably larger screens. At the RCA plant will be working nights to bring | here approximately one-half of the race via video into homes, all #he sets rolling off the as- within a 70-mile radius of Indi-| “sembly Titie” have the new 16-inch anapolis. A

day by speakers at the 27th an-

[that 60 per cent of the state's]

{He said 112 schools have class-|

One of TWA's 5).passenger, five-mile-a-minute Constellations | will begin service from Indianapolis to Pittsburgh and New York at joa Study Commission, _ 4 p. m. (daylight time) today. N. W. Waldron, district TWA man- tary of the Indiana State Teachager, said the ship will reach New York in 3 hours, 35 minutes: lers Association,

_ The National Industrial Conference Board ter distribution of funds More Clothes has figured out that the clothing for the to the schools. He said improve"average family costs only one-half the number of work hours in ments were needed’ especially in 1948 as in 1914. Y school bus transportation in the In 1948 the working man spent fewer than five hours a week rural areas, to pay for the family's clothing. But in 1914 he worked pore than] Cites Teacher Shortage

purpose, {than in 1914, Boiled down, this means that| ‘an of which * points to the dean of girls at Shortridge High on the feed-hog ratio. the purchasing value of the {rong in American manufacture School in Indianapolis, Mrs, Hay- x

worker's clothing dollar has more than doubled in 34 years, The board reported that cotton clothing has shown greater increases in. price range than wool, and that families buy more

which, under free enterprise and den said there would be no shortcompetition, struggles to produce age of teachers “if teachers were better goods at lower prices. And allowed to be considered as it always will be pretty hard for people.” She said active PTA those long-whiskered bovs ‘from groups have helped the problem the USSR to argue about that. in many communities.

.A man who knows coal has invented a

New Furnace furnace, He is Charles H. Wilcken, 1201 tended the two-day Stadium Dr. In his basement his furnace has been. burning more ended this afternoon. than a year, steadily with no mishaps. ea ~ 1. Recreation, school lunches,

iana Farmers U Over 'Fast' Time Mix-Up One Complains That New System Curbs

Work of Urban Harvest Employees By HARRY MARTIN,

Harry Iliges, farmer near Atlanta, Ind, If town people want to start to work earlier, let them, Indianapolis Stockyards dropped. We'll have to quit work in the middle of ~"|the afternoon to get to town be 10 within §2 a hundred pounds of fore the stores close.”

ling with the clocks.” : comes to Indianapolis he willl Was lifted. \have to start an hour earlier. \

- FT. WAYNE, Apr. 23 (Up). Point, complained, “We'll have to IA need for better facilities’ Inj... {140k of each town's time. # [Indiana schools was stressed t0- 1¢ 1 worked in town I'd prefer to Er

{start work early during the sum- Chojce grades of cattle, when nual convention of the Indiana... pyt the company where I available, now sell for $26 and ricultural loans declined another hem, and the only way it can orders.

Congress of Parents and Teachers. gored could change working $27 a hundred pounds. Dr. Harold H. Church, super- hours without tampering with lintendent of Elkhart schools, sald [the clocks.”

IFooms without artificial Hight, and must begin In late morning after

last

{soybeans Hog prices

Driver, 72, Killed

Charles W, Beeson,

More than 1200 delegates at. (he

__ THE, INDIANAPOLIS TIMES

nd Hold

aa, -

4 fr | 8

The, Glidden company's new $3 million soy bean processing development on W. I8th 5t., is movter how many tears you 50aK ing ahead on schedule to be in readiness for this year's bumper Indiana crop. The elevators are ca- | able of holding one and a half million bushels at one time. The plant will process 250 tons of soy | Pr in a 24-hour period. This is the largest soy bean operation in Indiana.

Hog Prices Near

nhappy

Best Grades Bring’ $18.25 Top Here

By MARION CRANEY Housewives

Times Farm Writer happy. over the fast-or-slow-time!

When he since Oct. 135,

The current drop began Dislikes Changing

Richard E. Huffman, Center

Expect Further Sags

. Harland Waymire,

“Haymaking and ‘combining the present price sag.

Ther bids ‘as mich as $1.50

week with plowing and week. Pork

keeping dropped, but

2d Car of Frigidaires

fimes State Service GREENSBURG: Apr. 23 - 72-year-old dealer who does big business. Greensburg resident, wsa killed fide of a westbound New erators for 1949. “And train, State police sald the cross- new credit regulations. ing was unguardedgy

: = Glidden's 17 New Elevators Change W. 18th St. Sk fie rie 5 romaine

.|many traders anticipate further

. | Transactions

OPA-Imposed Low

lingered a ’little miilion to round out a $3 billion Strategy.

"| OPA-imposed figures of 213 years

1946, when OPA below the previous week and be-|

last August, after an all-time record '0 rise in terms of prices. Re-| of $31.25 per hundredweight was set. Since then, and Oct. 9: when

tying! Wholesalers with a “don’t quote, : . { me” hesitation said they expected {schools nted larger playgrounds,itarmer from Elwood, “We farm- a further drop, but over a pee 2

{and at least one-third still have erg are up at daylight. We work of time. One blamed an afteronly outdoor sanitary facililes. hy the sun, and so do the crops Easter disinterest in meats for

od the corresponding week last year. of a Supreme

“Veéaler Prices also “joined the ===

|15 are lighted by kerosene 1amps. the sun has dried off the dew. dive by dipping $3.50 to a top : . 2 ‘ U

He spoke during a panel discus- City help hired for harvest wants price of $25.50, the lowest figures {sion conducted by the Indianaito work on fast time. This means gince August, | they 'sit- around

1947, Steers and! two or three heifers that sold easily at steady obert Wyatt, executive secre- hours on the job, waiting for the prices early in the week received ] jerop to get dry enough. callede for bet- they quit by fast time with four Thursday and Friday. allotted or five hours of -haymaking still] ahead before dark.”

lower!

Wholesalers reported a general price reduction in their products, Farmers had other problems of two or three cents for the! loins dropped 2';| {preparing ground for corn and cents a pound during the week,! them busy. one sai” But price fluctuations; ; iol . . they are so constant that they could 1 i i | >. » » nine hours a week for the same | | thing and a greater variety ~The teacher shortage problem have Accepted the idea of smaller be higher next week. !was cited by Mrs, Eugene Hayden, profits, and can still make money +s Ta, ‘Little Dealer’ Receives

| D. R. Smith, 803 Virginia Ave, lis being pointed out across the| country as a “little Frigidaire” |

This week he unloaded his sec-| toddy when he drove his car inte ond carload of Frigidaire refrig-| they'll] meeling York Central Railroad passenger move fast,” he said, “under the|

He started in business in 1933,

Volume Gain

Outlook in the Nation— ‘Tentative Disquiet’

“ha i

Te S

1 1 i

Industry and Labor Re-examine’

Plans as Steel Production Slips By J. A. LIVINGSTON ’

- More Than 2 Points; PITTSBURGH, Apr. 23—You can feel, see, and hear Key Issues Hit Hard the suspense, the tentative disquiet, of this city. At the By ELMER C. WALZER richly appointed Duquesne Club where the big shots of United Pres Finaneisl Edler [ping and business foregather, the question at luncheon

NEW YORK. Apr. 23-—Stocks; . . in tables and private meetings .r,...ve become personal. The

suffered one of their widest defelines. of 1949 during the pasts. Wel] is this it? Isteel rate is Still high, at 98.4 per cent of capacity. The industry

week With increasing volume. A : The break came as the Chinese And in the factory areas n make plenty of money and Communists blasted ships of the surrounding what Pittsburghers jon at that speed. But produeBritish navy and business Tafled proudly call thelr Golden Tri- tion is down from 992 per cent 0 e } OO e week before, an 1 I anticipated. |angle—the compact section which the OE Ee dl atte] pro= On the whole, however, busi. embraces the corporate strong- duction has a way, once it starts, {ness for the past week held: very holds of wealth—union officials o¢ slipping fast. In 1937 for exe {well, according to the experts..and workers are wondering? ample, operations averaged 90 per The indexes of production showed How far will the layoffs go? cent of capacity im April, 25 per |increases. Retail and wholesale How fast will production sag? cent in December, That's a cold “The questions are not academic. plunge. “

itrade held well, Transportation! - . And so the big shots of big Westinghouse vs. G

{was high but below a year ago. Stocks showed losses ranging . {to more than 2 points on the industry have begun fa examining their plans. What can they expect in the way of profits? Will theif own bonuses be cut? Will dividends have to come down? And workers are more cautious in expenditures.

During Week

Losses Range fo |

{week with the better-grade issues The first quarter

report of Westinghouse Corp. wasn't too appetizing. Sales were off

{suffering the most. The short interest increased, indicating that

decline. ; from $236 million last year to Hits Low Level $227 million, profits from 97 contsiiBe Fray marker power. of the The industrial average on a Share to 79 cents. Its giant com-\ 0 isn't what jit used to be. A

petitor., General Electric, reported sales up to $412 million from $366

million, and profits to 93 Cents & plant, said to me: “It’s getting

a \ . “harder now. The pressure’'s on” Bametetin enterprises didn’t doy; 400)ving that statement was Ie L understanding. The company was Perhaps the toughest problem not getting new orders from cus

of all faces Philip Murray. During y . the first week in May, the policy tomers; prices have been cut. So

local leader at West Leechburg,

Thursday touched-its lowest level where Allegheny Ludlum has a

since Feb. 28. They rallied slightly in the subsequent trading. The trail average declined to a new {low since Mar. 22 and the utili{ties went back to Apr. 4, the general list lost about $1.5 billion in the value of listed securities and

oy hac atthe leval- af early committee of the United Steel- (ere Jose arg Jor _ |” Trading increased as prices de- Workers of America gathers here "cocktails, Hiland G,

to draft a wage policy for 1949. . That ‘means outlining a set of de- Batcheller, {mands to present to United States Steel Corp. and the rest of the industry. The U. 8, Steel contract ‘expires July 15. Notice of reopening must be given May 15— 160 days before. Unlike 1947 and 1048, orders are headline of the chance comment, not piling up and the price of Other steel men felt that Mr, {the week as compared with other steel scrap has dropped 42 per Batcheller was only saying the sections of the list. Their losses cent from the post-war high of obvious. George H. Love, presi- |

president of Alle. gheny Ludlum, remarked to a group of newspaper men, “I hardly see how a wage rise is possible in the light of what's happening.” One newspaper man

clined. Sales crossed the mark for the first time Mar, 20.

In the Thursday session, million share since

for the week {reached their best level for about |a month. : Steels Hard Hit Steel issues were hard hit on

extended to more than 2 points. $42.75 a ton in December (assum- dent of Pittsburgh Consolidation The motors ‘also were driven ing you could get it) to $24.75. In Coal, braved the unpredictable down. So were chemicals, some Chicago, scrap dealers are adver- wiles of John L. Lewis by telling lof the non-ferrous metal issues tising offerings for sale. Yet not stockholders that present coal land aircrafts. . {so long ago, No. 1 melting scrap prices and demand leave no |. Rails were lower all around. brought as much as $60 a ton in room for further wage increases,

Utilities lost ground with some | : The buyers’ market is closing in on od ns fghte Iria i daown FOB Headache both steel companies: and the union. | American Telephone stockhold-| Once again, the sales managers of the large corporations are busy lors met in New York and author- —Mapping out campaigns to grab off more than their share of |ized a debenture offering of $395 available business. and f.o.b. pricing of steel calls for new Formerly, all steel went to; large consuming centers like | Though Pittsburgh is enveloped New York, Philadelphia, or Cin- by doubt, it isn’t gloomy, Gwilym cinnati at a set price. - The com- Price, president, told Westingpany that didn’t meet the price house shareholders: “The market 'was automatically out of the for autos, household appliances market. But now, those pro- and other consumer goods has re.

Industrial production held at a ‘high level and the leading indexes showed gains. Steel Operations Dip

Frank Lantz. R. R. 5. Bloom- 280. | Steel operations fell slightly. i ington, said, “We got along for Best grades of hogs plunged. a Coal production rose. Building ducers nearest consuming Ceplers|ITEG 10 8 seasonal pam: |years without fast time, and we full §1 per hundredweight to declined. So. diq_electricity out. Dave & Miceasvaniage that oa ers on the part of some who lean still get along without mess- $18.25 (top price), the lowest Put.' Crude oil production fell nope y. have. forgotten this condition is

Tonnage from other producers low a year ago. can enter only when the local or The American dollar continued nearby concerns are exhausted. How long’ this.system can last ductions were noted in a long list ~—in a buyer's market—is a moot of items, including clothing, cot- question, U. 8. Steel claims it ton cloth, legally boufid by the f.o.b, avidly.

normal.” Nevertheless, the heads of the big companies have asked sales managers for the slightest sign that orders are picking up, And trade reports are scanned What happened in lead

to - Bethle- cents a pound brought in a few Largely for immediate $54 million. Gold reserves rose compete it to absorb freight, con- delivery. This suggested that to a record high. Money in eircu- ceivably the sales staff may be consumers had run low on inven. lation fell by $99 million. lable to convince the legal staff tories. Retail trade showed a gain of that there's flexibility in alll But so long as steel scrap is. on to 6 per cent over the level of things, includi interpretation the skids, steel men won't be ‘ourt decision. At happy. Too often scrap prices However, this item was a disap- the moment, U,.8, Steel says, have forecast steel production | pointing one for the financial dis- ‘No, . hot ‘with triple damages and employment. So this town trict. staring at us if we do.” waits—and watches scrap.

Commercial, industrial, and ag- Philadelphia market,

i Bias

gy U0 0 0 J-0 0 0 0 0 0 0 0 0O¢

tion Please!|

} {

OLONIAL

| IS Open

Where it differs, Mr Wilcken says, is that if is automatic (fed juvenile protection and the part from a hopper) but can be hand-fed just as effectively if the motor that visual aids, radio and music fails, power goes off or its feed. ~~ Stn “eee oan play in the classroom were ing mechanifm breaks down, [uniform heat distribution through- brought out in other discussion Some automatic furnace own- OUl the- soleplate, will ‘be intro:igpqyng ers are stuck, says Mr. Wilcken, | 1H0¢ 10 sellers by Silex Co. Har- Mrs. Basil Fischer. Indianapolis, | when their motor stops, And un-| — incinnati O., Silex dis-\ oo lected state PTA treasurer.! less they dig up other types of = manager Semanstirated he Mrs. C. H. Boyer, Lafayette, was Beatdes, Sy fen. this with on Friday in the Warren Hotel. lected vice. president of Region C { « R. Horral, Washington, vice |

. ) { Mr. Dillon said the iron steams ’ my furnace,” he says. “I've shut president Region 5; and Mrs ACE oh © ote three times as long as any other, ‘eR ' :

A! (1% hours), holds twice as much David Ashton, New Castle, vice breakdown and my furnace ROS y..ior and can he used both as a Président Region 7. Other state Just as.well with a hand 8c00P." | gry and steam irons. The irons Officers will hold office for anMr. Wilcken plans to manu- ... paing manuféctured in Hart- Other year.

facture the furnace as soon as ! his tet is complete. iford, Conn, Peerless Electric Sup-!

ply Co. 120 8. Meridian St. ar- Vi oy “It's foolproof,” he contends, ranged the luncheon. . Village Office Stays

«nu In Family 40 Years

BUICK is now selling “lids” for. SCHOHARIE. N..Y | . | b 7 ' =X. Apr. 23 And I'm the one who-can: give it the portholes in the Roadmaster, (UP)—With the Sbpolntinnt of {(four-holer) and Super (three-| Miss Elizabeth D. Wright as clerk

to them.” : # =» = : “wnt lhOlr mw {of this village, officials figured If You Wonder how you got/holer) at cents each. Aside: hat members of, her family

on someone's mailing list it is/from the. Chic Salesian kidding have filled the office for m Janly easy to explain. A. firm in| dealers report that ping tute 40 years. ; re w. York, named List-Masters sticks and stones through the| Miss Wright also is village) of America; is in the business of|, ~~" : _ {treasurer and colector. Her preparing classified mailing lists > » = {father and her brother had served for all types of business. | No matter ‘what you think of in the same capacity. You are sure to be on one or peace chances, the word has —, more of its lists. And to make it/leaked-that “phantom orders” are!

®t

interested in assured heating. |

. stuff out of their mailboxes, the held back until the government. even prints your name flashes the go-ahead signal.

pasted on mimeographed probably is no more than a “fire | §

mail at the rate of 1000 an hour drill.” i ‘byan oes boy. | — = . ughter won wit § ®* GARAGES ® FRESE a ) One and two oar delivered in sections Pent a.

Indianapolis he hor or we will erect on your lot. ‘Also

THOROUGH EYE CARE

Eyestrain Makes Wrinkles . .. . Protect Your Eyes and Your Looks

Consult. DR. R.'J. WELDON In His Optical Department, North Mezzanine

‘The WM. H. BLOCK CO. . Use Your Charge Account—0r

Heathis Purina ao «8 SCHAEFFER'S ff 3208.10. E. New York CA

” Our Convenient Payment Plan

12:30 Noon TO 9:00 P. M. on MONDAYS For Your | SHOPPING CONVENIENCE |

A —

Beginning MONDAY, APRIL 25th MONDAY 12:30 T0 9:00 P, M. Daylight Saving Time —. TUESDAY through SATURDAY

9:30 fo 5:00

oii a soins : a - L1 |

41 S. Meridian te api

‘Grows in Pittsburgh

unexpectedly made a streamer

cattle prices reached .a record rayon cloth, glass, is high J $41, livestock figures NOES, poultry, diesel locomotives, method. If it loses too much bus- Was looked on pleasurab The gradually dropped off. and a long list of otheps. iness, say, in the New York or cut in price from 2113 cents

Rn RS 7554

Too laf close

A dirty, was closed t Two hes voked the 1 of meat as the kitchen. An old-f: loaded with chickens, po spareribs—e ice. Mr. Donn government the majorit spoiled. He of the meat: Abashed ered, the ini will remain