Indianapolis Times, Indianapolis, Marion County, 25 September 1949 — Page 32

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PAGE 32 _ ; LAR : : : . THE INDIANAPOLIS TIMES a SUNDAY, SEPT. 25, 1049 rs

The Week in Business— = Ci IB The World's Week— - ~ |Can We Span the Labor-Business Divide? | |] Eh, - Big Industry Boasts | mur wie Philip Willie Says Ves’ sf mas London Cynics See ~~ | Hi

tative, Rush-Henry County Dist, {listen to Labor, Labor ought to

‘Huge Coal Stocks | A cuerom ao Kan sr eit nee, and ml nnn, Sens Avery The ng 0 nn men | UJ, 9, RECOVEIY SS mp

| wrote a book, “Das Kapital” | Are we unwittingly playing Joe ed to the legislature this year As things now stand, business-

; i |“ That book has had more in-| Btalin’s game? Are we uncor- was that of the CIO. That pro- men keep talking to businessmen n luati n ’ fi bavess Strike Order Fails to Cause Bites on maxing ten: stp sciously fulfilling Karl Marx’ s\gram met bitter opposition from about the glories of “free enter -| Wes M Pour d Dove ia tion i book t the Bible. It has sub-| dream? hess community, prise” apd labor leaders keep w ar vaiva olume Users Much Anxiety sequently become the” gospel of| More and more in America, I have an idea which I think, talking to labor people about the| as Merely A By HAROLD H. HARTLEY, Times Business Editor the Russian Rev. | business lives on one side of towh might alleviate this problem. It horrors of “Tarl-Hartey" By J. A. LIVINGSTON i olution and of and labor lives on the other side.is no panacea but it might ease| * LONDON, Sept. 24—The cynics of the city, old sanis

the world - wide They meet only in conflict: During the tension. Businessmen's serv-| NOBODY ivinte anybody of

SQUARE-JAWED, word-snapping John L. Lewis last | Communist ® strike around a bargaining ta- ice clubs, Rotary, Kiwanis, Ex- ything

at finance, are smiling. They're suggesting that maybe Sec- : *

clicked his strike padlocks on the nation’s mines. With, A movement. ble or in a fight for control of|change, Lions, Civitan and Opti-| Businkas: 1 dcvendient on de retary of the U. 8, Treasury Snyder has got a bit more than the biggest supply of hard fuel surfaced in recent years, hel One ‘of the ® Political or legislative body. |mists Clubs have proved to be pe he bargained for used onl ri 7 tenets of the. This struggle is going on right! very useful social organizations. mass consumption of retail con- . Say only a ripple of anxiety. book is class here in Indiana. This Indiana They are an excellent meeting sumer goods. It is dependent on| The cynics are not saying that the 30 per cent devaluaower companies, . warfare inmid- Which is more in the classical place, & Toru. dequat h wer Db tion too much, but the ooha A pa oth.| The Citizens Gas & Coke vi, dle class society, American tradition than any oth-| a jade . pure asing po ¥| was a. y| wa Nvajued. Juans thet Sane » ) ity was likewise in a healthy con- Unquestionably, er state in the Union. This state’ WHY COULD we ‘not borrow are saying erica, bi q y Labor is dependent on capital, currencies. Norway, Denmark, er big users, gazed happily at dition with two 80-day eoal moun- one of the prin where most ‘men have enough that form of getting people to- plus business management, ex- Which was so insistent on de- | Sweden and Finland went Cripps . their 60-to-100 days’ supplies, tains piled up in its plant yards) - Sigal Dopes off nd ew mea pave og much. rey an Meas - [petietica snd KEOW ROW. The two valuation, may suffer most 14 percentage points better; taew ais lkie -business clubs could e mutually dependen > sat back patiently and waited. ” Prospect . St. and tangaani ". Russia is that! NEITHER the Democrats mor organized. An equal number of If they ult alr read to-{ from. it, i is oa A ndianapolis Power and Light Ave. : America shall be engulfed In a Republicans had either leader-| each could be invited to join. La~ gether maybe they would have a They'be thinking that devalua-|1reland, Egypt. Israel and several Co.. biggest local user, was not] The city's 65,000 school pupils great struggle De Tr di-'ship or a program in the 86th’ bor could have the program one greater realization of that fact. (tion will check the industrial Te- other countries went along with worried. IPL had 6000 carloads, who depend on coal heat in 123 Tg on Baltimore. Ave. north of 255 covery that only recently started Cripps at 30 per cent. Canada cut

g0 90 days without’ missing an ported they were “pretty welll {4143 Boulevard Place, 4608 Ber-

one thousand 60-car trains (worth buildings (public ahd parochial) in the U, 8. t ; $1.5 million) - piled up, enough to| were safe. School authorities re- eaitors st. word wots wid nous of N@ QF PI ices Weakening The argument runs Mike this: cent. Most of the world cut axe { It's an illusion to say that the cept the United States. Therefore, ; ampere - either to industry or stocked up” with enough to last tut Bi aud B18 X. Orieliia) 8, A St k R $ M t | homes. to the first of the year. , House Lot Sales | Willis Adams sold a bt a S oC eceip % oun pound was devalued. The eco- the dollar depreciated in terms of ¢ 4

Orchard Acres at 82d St. nomic reality is that the dollar other currencies. fy Mr. Lewis was giving another business a shot in [Washington Blvd. and two andl By MARION CRANEY , Qil Boom the arm without knowing it. He was sélling ofl 28 Ti : in a cross-sale with Fay Cash in Trampled by heavy receipts week after week, strong Indianap- Two Forces Devalugtion ®alrutuces Iva Sctisionazy At Wil furnaces like hotcakes. ransactions {Williams Creek nearby. olis meat prices weakened last week—and may wedge open into the ONE. American exports will tend to drop Obviously countries One big dealer explained that the “people are fed up with John! Are Reported x Other sales were: Gerdenich long -awalteq price break. which devalue their currencies are going to have to dig up more Every For the second straight week more than 5000 porkers were - L. Lewis and his tinkering with the coal supply.” Home coal users alty Co. 5785 Washington | pounds, or francs, or kroner, to get the dollars necessary to pay for By J are most easily scared. They pick up the news ther| Associated North Side Realtors Riva. A. H. M. Graves, Inc., 3238 Packed, squealing and snorting, into the Indianapolis Stockyards, yp Pp paper, see another ' | wheat, cotton, tobaeéo, machinery, and so on. U. 8. prices have United P Lewis strike in the headlines and, — — yesterday announced the sale of N Tacoma Ave.; John Max, 624|2nd sold for prices still lower than the previous week's quotations. {automatically been advanced by — e——————— SOUTH BF call their coal dealer for an extra The result is that every oll fur- Is houses and 10 lots in Central ang Allisonville Rd; wnd Harry L.| Pork loins and smoked hams sent prices sliding 50 cents to “to $2|devaluation ~—44 per cent for] Whether devaluation Is quite the Dame put it ton or so. If he doesn't have it, Dace installer in town is working| Indiana. Robbins, a lot at Washington sold at prices five to ten cents per hundredweight. | Britain, 66 per cent for the Scan-| long term boon it semed before j touchdown they think about converting to ‘overtime to keep up with the de-| American Estates Co. sold Blyd, at 824 St. 'a pound lower over meat cotinters,| Despite. heavy receipts late in| tinavian countries, 11: per cent | it happened. It doesn't actually ; today and r oil. ited, [nousts at 783 Woodruff Place, AST \while beef and rices re- the week, prices held steady after|for Canada, and so on. | Kive the British, or Danes, of NEX At first, coal strikes did not| Worse for coal, the shift to ofl Middle Drive, 611 E. 50th St. J. H. Pearcy A inted | 8 and sausage price d Ner- Good y TWO. The U. 8. price level will French more dollars, On the Jndiang at O bother them. But Mr. Lewis has|is almost 100 per cent in new] 5142 Kenwood Ave., 5527 and 7610 cy ApPpo |malned steady. | aepping poi its 120 pounds be under pressure. RF British man-, contrary, it makes dollars 1 a closed the mines so often, they homes, and there will be S000 ve W. 324 meat Hihiand Meter Representative : Hog Prices Slipping down and 220 to 300 pounds sold|ufacturer will be able to reduce harder for them to acquire. 1 diana in th are getting the coal’ strike jit- built (and most of them #014) piace, 3538 Win or Fry and J. Hardin Pearcy has been| Choice hogs in the stockyards at prices $1 to $1.50 lower, Prices| his dollar price by as much as 30 First, they're going to have without a los ters. : /in Marfon County this year. |5258 Boulevard RP a cross-'named Indiana manager for the that sold at prices $1 to $1.50 $1.50 to $1.75 lower were paid for/Per cent and still get the same to pay more pounds or francs Notre Dan "he oli companies are busy. (oo. Onersdle With Atkinson Co. N lower two weeks ago slid even 170- to 220-pounders. The late top|number of pounds as before.| to buy American raw materials, playing “un Up 60 Per Cent a Sui co a» re a y You ne | eptune Meter Co., John Carroll, [turther last week, falling off an- price was $20.25. {Thus prices of foreign goods en-| such as cotton or tobacco. almost at wil pod pon : at a Yor Tepor ed that his sales| . Bruce Bavage sold houses at district manager, announced yes- other $1 to $1.75. | Most sow prices dropped $1 to tering American commerce willl Second, because their prices game Hoosie p U3 par con over 1ast.y Teture. usiness 719 Nottingham Court, 3542 Wat- (0,4, | Hog receipts stretched to 53,550, $1.25, although weights 325 to automatically go down. That will ‘jn the dollar markets will be fantly in th With ofl in the tank, the householder feels reasonably assured son Rd. 5222 E. Ninth St., and an| lonly slightly lower than the pre- 400 pounds sold late at prices only| Increase competition. American Jower, they're going to have te } their lone sc Kk | estat | Mr. Pearcy had heen with the, | ’ y going a of keeping warm. And he doesn’t get the headline jitters every time estate near Greencastle. Indianapolis Water: Co. for 19| ious week's 56,127, a three-year |50 to 75 cents lower. Steer prices businessmen, to maintain do-| sell more, yet may earn less. i ? Coach Fra Mr. Lewis crooks his official Hager at his miners, calling them out, W. L. Bridges & Son sold three po high. A noticeable decline in cat-| dropped 50 cents to $1, while bull|mestic markets, will have to cut; Their exports must rise sharp- qd ~~ son declarat of the its, i about 3 conta] ID creased Incomes let thousands !0t8 in the Kuhn & Johnson Ad- years, the last 10 yedrs as chiefitje receipts from 8802 to 6550, prices broke $2 per hundred- Prices. | Iy it they're to stay in the same A weakness in an PAM tiller change over to oil. Sutin. at Blaine Ave. and a lot meter, reader. especially in choice-grade steers, weight, |. Noregves, Moreover, It’s questionable place vis a vis the dollar. 1 ne, in hid — a = S———— A —— ense, bu cents), and home owners like Even the coal stove users are RXR 2R RRR 53033 FIT PIT ITI IIIT IT Too basking in pus button heating. {switching to ofl. They feel more, Irish appear During the war, says a top ofl | secure. And, of course, there are! these. man, heating standards went up.| [no coal and ashes to carry. =F % , < fl 0 With squa! p ; : he way in sme ome ore te, Easiest of ALL BUYING PLANS Pl ltt Pound Pressure irc who got the best of the Européan ; asiest o A AL ; aces an astic star f

currency deal. The United States was about the only nation of any consequence which did not adjust money values. The rest of the nations rated their money downward to put them in a good exporting position. Americans could not figure probabilities easily. It left many foggy. Gradually the mist is lifting. Some think we lost another diplomatic war. | TTT The effect will be to lower the . The trigger-quick British lost prices of foreign goods in this no time in swinging their designs country. Add to that the fact in woolens and other merchandise that, when we buy foreign goods| to fit the American demand. They we do not buy our own: That will come pell-mell to our shores means fewer wage dollars fry! with goods by the boatload underAmerican. pockets, hurts the selling . wage -braced American American market, | prices. i

Soft drink makers are near boiling over Sweet Heat government sugar control, They Th the protective cost assessed U. 8. sugar users amounts to about §1.98 a hundred pounds. Last week the American Bottlers of Carbonated Beverages told their story in 10,000 copies (why s 80 0 many? ). 4 of a pamphlet distributed t6 members of government officials, editors, Sugar costs almost 8 cents a columnists, radio commentators pound at the refineries compared “and other public mouthpieces. | to 414 cents in 1939. f a awh over sugar prices a in) They figure that the nation's) ~ from the simple industry sine t they sugar bill is running close to! ‘are stuck with their retail price, $1,400,000,000 a year. And that, | a nickel. Since they cannot get they say, too much. And where their price up, they want to et would you find a housewife to discosts down, They point out that agree?

One thi vacationing autolsts/ End of the Ride overlook a cost of ni their) car back in shape after the ride. Auto service agencies and filling stations count on this. Cars| need oil changes, motor checks, spark plugs, new wax coats, and dozens of other minor adjustments. after a ‘hard grind over the

SURLY. - Collectively, it's big seven days a week, three shifts a

"Wise drivers do two jobs at 94 and stil behifid in deliveries.

Housewives reason that a cookonce, When they take their cars in for the ii the - vacation PE Pan gets a Jot of use and it checkup, they also winterize, all PAYS to get a good one. Other but antifreeze. That can go in copper-bottomed lines are on the later. Alcohol evaporates too fast market, notably Sears Roebuck’s in the hot September-October sun. Maid of Honor label which is But the “permanents” do fot. moving fast, Some Sears stores The Ford Co. is having a tres Are dropping the Revere line for their own, checkup campaign to get cars (all makes) into service departments| Farking meters, swallowing with the added lure of a $100,000, JuArters, are being used on rental

tennis courts , . . An ex-Air Force, essay cont (n hy ize | ¥ contest (new car, top prize). | engineer has invented a “night|

Bill Flynn s

Leahy’s “lad plunges, lon notched a sa _ Built Sitko, five high and bul accounted fc

3 Ey

: ; out after nin game had gc : . = the third pe and again | ; | from the ’ blocked an 1 ; The thrill Quarterback : pass to Hi which he ca i. 20 on his fi over in the : ; v In the se -~ . Larry Cout . a Ne score from ; i second strir Johnny ‘Maz Wightkin fr

the first on bling all the ® in your home! 3 made anothe other.

Tie Is Indiana rc in the secon (Continued

NO MONEY DOWN

on Only he a Day

Leahy ‘Is Goi

Praises

Team

BY FRA Times SOUTH B Clyde Smith places befor " You can | Smith's wor Frank Lea

WITH OUR METER PLAN

You take your car in to get entr blanks. y ® y nurse” which rocks baby's crib on bowing New car sales are going well. and sings lullabies in mother’s rugged squa Fisher Body Division of General voice (recordings, of course). a case of I. Motors reported the biggest month: The U. 8. divorce rate dropped ning out of in its 41-year history in August, off one-seventh in 1948 which propelled op turning out 249,378 units, means that the spoiling fruits of After a fo Last week the. second line of the war stampede to the altar are v is green and 1950 models made its bow to &bout over. Business likes lower Here S How actly as it the public. ‘Nash brought out divorce rates. It means better i dressing roc Its early bid for the rapidly credit, more reliable workers, a a “I'm prouc tightening new car market. It firmer economy C "we. . ” | had a higher compression ratio; A night elub in Anchorage COLONIAL S tame pid, and twin bids’ to lure the still- Alaska, i% named “The Tropics” . 80 so far. ¢ buying car public with bamboo and sultry moon if : Revere ware, copper - bottomed decor. Over: the bar in rough- METER PLAN orig Wye cooking utensils, supposed to ab- hewn sourdough humor, is a sign:. and Mishav sorb heat faster and prevent bot- “Prices are born here, raised else- of the dres tom-charring, is going full blast, where." Y 3 OPERATES their familie y : ! : . v Commer Straws TM 1AM of the 108 E. Washington St. buding wil There's a Caloric Model to Suit Your Needs Overm th : be changed Oct. 1 to the Morris Plan building the boys w he appliance-minded Gas & Coke Utility Is rounding up old EAs ’ . ’ ranges in a combine with 400 other gas utilities and 62 range, Priced fo Fit Your Budget No one makers . . . the idea is to get the old ones out and new ones in : } . ' . Come in, choose the model you want from these and other 6. ’ tory No. 29 The United States Savings & Loan League has gained $1. billion E ; : new 1949 Calorie: ranges. : . Leahy, the n resources in the last year, a fact which ‘will not please banks, very day is a holiday whan yoy cook on a CALORIC Gas Range. Dual burners ' 2. W WN - th ¢ ~ALWRIC Gas Kang Jal bu \ eo deliver it immediately . N to know the Eg In aan Ante Jor he ance” and R. W. Osler, ‘Rough T8ssure speedier cooking . . . save gas . . . protect vitamins and flavor, Sparkling required. Y +.+ 4 NO_DOWN, PAYMENT 4 ay Two former Indianapolis men Notes editor, co-outhored “Guide _ porcelain top, trent. and sides {a acid-resisting) plus seamiess construction are only 3. For your convenience in making payments, we install a a handy board. I | co-authored two books just out. to Life Insurance.’ two ot the many teatures that make Caloric America's easiest range to clean and Meter, out of sight, if you wish, iongat Dr. R. I. Mehr, head of the insur- tubber consumption went up keep clean. Tha hold-heat oven keeps the heat inside th n and out of the kitchen He “BR ; . . Ps ned 810 8 ove 1 out o e Kit en. 4, . NEw Sivinion of the Uivessiey Le itios oer coiunpuon ent vp Coie HA ~ You merely drop as little as 25¢ a day into the Meter. has , Yol Hlinots, formerly in charge of in- the usual seasonal gain. . . . Buick 5. Once a month, our representative calls, counts the coins in

surance instruction at Butler U,, rolled the 300,000th car off its pro-

. } ; “Those y : ; your presence and gives you a receipt. Thus the daily small - : to surprise authored “Modern Life Insur- duction line for 1949. and a few w patentad hi-lo broiler rack and pan % rigid one-piece porcelain front ) : change you save will actually buy your new Caloric. You pay for season is vi w— - ~/hours later clicked off No. 1 mil- ams FE CS it while you use it. "MY. Joys Walker Named (lion in post-war production. % non-jarring oven door with patented a . a : an, Sprove {to Europe made pocket money x Insurance Agent: .|from the devaluation of the Brit- Ha

| The C. of C. foreign trade tour spring out of heat zone : Co one-piece porcelain burier box half. They Frank D. Walker has been ish pound. Each in the 31-mem-

pass defens named general agent in the North | Per party Rained s about out $300 (1 (U. 8. )

ered us witl Sophon Side for the Franklin Life Insur-

JI asked ! rett, the so “Billy ha

If you live beyond city gos mains you may have eny Coloric model, factory-equipped for use with LP-Gas (“bottled” _or “tank” ges). “CP” features (optional on all models) give you automatic cooking. ; :

FINE

“ Vain

FURNITURE

NOTICE! c.... vier J FREE STATEWIDE {| 0 onal

ger Ralph L. Col-! by announced "yesterday. An Indianapo- Bo . lis native, Mr. /K - Walker waa for

Plan -is restricted to -Marion County.

Y ; . Howevar, an equally attractive Pay... 3 DELIVERY and 3 | i : FURNITURE

As-You-Use Plan has been arranged

; NA i aes pa : for our friends in neighboring . | STA %e - ot ‘47 SOUTH Ea but Hoven a — a. i el Ean Rs : ; counties, ny ; = N LLATION * i ; : bo, S2ND AND COLLEGE. ; in Worf ge SE — —-— —— ’ . : : | ever we é 4 ro sk a Ge : : i. : fo . J 18 of i

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