Indianapolis Times, Indianapolis, Marion County, 29 September 1949 — Page 16

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* PAGE 16 ein THE INDIANAPOLIS TIMES errs Today in Business— — ) H i 0 Price I. U. Students Honored at Reception and Tea

Hoosier Oil Fases Late Production Up |; Session

Indiana 4-H, FAA ~ Teams Place First

Central Soya Tenn. Sept. 201 Theater $0M.serrses 80 o

HE ns poe Spinbiiints REY

MEMPHIS, : Black Gold Flows From Steers and Heifers Sha Future Farmers of Americe| oo erat oo a By Fields at Rate of 3800 Barrels Sell Fully Steady By HAROLD H. HARTLEY, Times Business Editor With Short Supply

OIL, black but beautiful to the drilling operators, is i Hogs sold only moderately so. “ ndiana s -| pereolating out of Indiana pools at the rate of 3800 barrels WC nthe hdl apa ie a day. > up to 25 cents in late session

August was the most active month in Hoosier oil his- ads Me Selling at steady

tory. Drillers brought in the Paxton pool and the York™ "sew early sales of good to! i i choice 180- to 250-pound hogs Ferry pool in Sullivan County: ber of television stations, es- (pr uoht $19.75 to $20. The early! There has been a “black Pachainy in igs Somaniien. top was $20. In later trade these rush ili .| Te on a weights sold mostly at $19.50 to gold” for drilling per | time getting into the black. Bome ght A few A of heavier | mits. Drillers took: out 10Oetmtn ee henwtrul it mex elEhis were stil unsold late in rmits to tap known pools and ) the session. Odd head of light Prim these A “wildcat” oper- guar will let them put the red ink weight 120- to 160-pounders sold ations, shots in the dark, in areas i at 315 to $17. th is no known oil de-| WHAT HAS happened Is simply| Sow prices were about steady, where there posits. (this: TV transmitting equipment at $16 to $18.50. we il drilling costs big money ($300,000-plus for butcher types so a 15. 1 ioe. aos (average station) and so do the Stags were scarce. ville, Ind, and his team mate,|So Maman Spencer, Vigo and Po- sets, best from $199.50 up—and Steers Top at $5 a1 {Bob Krueckeberg. ! are) . ; Steers and heifers, on hand in . ay t th indhod ~ | rvmp—— cman. sey. But the search Is not limited UP, These Indiana University students from Indianapolis, newcomers fo the Bloomington campus, to these counties. Drillers gamble] People are used to paying » nie Leming Numbers only Soi pd were among the scholarship winners honored a+ a reception and tea sponsored by freshman scholastic VU. S. Statement big money on the chance (hat is a blood brother to radiocasting dium to average good near 1050-| honorary societies. Left to right, seated, are Jane LaRue, 3552 N. Pennsylvania St.; JoAnne Dun- | “WASHINGTON. Sept. 30 (UP Govern they will discover a new pool. and still think sets are high pound steers sold at $27.50. A| ham 5822 Washington” Blvd., and Ruth Lindenberg, 3837 Kenwood Ave. Standing, Marianne Adams, |ment expenses and receipts for the curren

N n and Marjory Schnepf, Flora,|,

Ind. : Other individual ¥FA honors included Jack Frederick, Kendall-

3 for . fiscal year through Sept. 27, compared hee Wy OE a priced, whith thy are or Te short dad of 2 hm 0 Sood 5737 Lowell Ave.: Leon Kaseff, 3006 Ruckle St.; Janet Shaffer, 102 N. Linwood Ave.; JoAnne Wood, [with a year er Last Ver. Daan x x . iy average set contains 2! 50 : 292.800, 7.823,808,176 | : than he wins. and it costs aboutiuin,,pnys tubes” and big pieture/$27. Small lots of good yearlings 830 N. Bradley Ave., and Magdalene Bosiak, 3556 W. 12th St. | Expenses ....$1.202.800.310 47 til Aor : $10,000 to put a well down 2000 ¢,1,0 These cost money, run up brought up to $28. No choice head GR — : (pany-union board of trustees who bere’ 0 1.402.876.887 160.606.4031 Sitinens tng yy nh x feet in Indiana. ’oe the price. =~ ’ {were offered. Ford Pension Plan Allows will pass on qualifications of em- Cash balance 5dr 08.237.631 253 21808377) Ramiitan on Core nn... " CONSIDERING the “dry holes” Programa pave been Foot on A Sew Sleramn giade warmed. {ployees. (Company retains right Gold reserve . 24,602.806.089 Hiei Bs & had =" ; a ¢ ’ the ringe-of-the-networ - up yearlings sold a 3 to $25. .. ; N m— is a ae... ; . 4 the cost per producing well 18 oo "gi WFBM-TV will give common to medium light naive Maximum of $100 a Month Jo Sppolnt Bank or trust COMPADY| vpianaroLts CLEARING mover |i2dols FEES. 1 0. 1 o tos’ ; considerably more than $10,000, .10uision a big boost in this ter- grassers moved at $17 to $22. | ; . Debits ras _. 23,536,000 |Indpls Ratlways 5s 61 Ti 59 the Oil and Gas Division of the! iiory when its new fall Msting] Cows moved actively at strong | DETROIT, Mich. Sept. 29|115,000 hourly-rated workers oF) Walter P. Reuther, UAW presi- dui aes fivantare Cag 3000 a4..4 ' OPEN Indiana Department of COnserva- goes on the air. |to 50 cents higher prices. Odd| yA P ‘“ about $20 million to $25 million d€nt. hailed the agreement as a Local Produce Prentamd fe 8 .cooee D0 0d \ Hed Jon filling © rations, THE BIG TIME oh 8 includ head of good beet cows sold at (UP). -.. Thé VAW-Ford peasion annually. : “historical step forward in labor's) Poultry—Fowls. 4% Ibs. and over. 220: | pobih ArleC00d® sida’ oot itt 100 EVER 63 wale came in dry. Which TAI Phiico. Playhouse, Mion, Beri, brought wp to $10. while common |” pan es ng| Cost to employees — Nothing drive to destroy the double eco-/s {13 1, iad Losforty, J hoary Punic acrdoutta'sl Covi gad up the cost of the producing wells, | Life of Riley, Silver Theater, |to medium grades commanded wah ltivunteay gly gD ads more than one per cent of their nomic and moral standards In[§rs, 0c; cocks 146 and Ne 3 itp, “Ex-dividend. UNT if you are quick with a pencil, to Dunninger (remember him?), In-ig14 to $16. oe of ge social security plus Va8® they already pay for soclali American industry.” or TTECrrent, Teotipls: ST bt, 10 Che, $21,071. gide U. Suny Disa aq Johnson, Canners and cutters sold at « Pralle sum necessary from Security. | “It is an important milestone In|{mall. 30c and no &rade ac oe A Kroge And that is not the final Bg. [Layne : gs ow, oh vd Dealers 311-50 to $14.50 with weighty cut- Ford to total $100. Starting date—Apr. 1, 1950, al- welfare and security in the indus-|-_Butterfat—No. 1, 54; No. 3. Sle. i g ure. After the $10,000 has DE Dr ters going quite freely at the ™ wo... All Ford hourly-rated though eligible workers may re-|try,” he said, that will “not only| | Truck Grain' Prices’ 2947 SI invested, and Rh Shown hat And the big set makers already, MEher price. | wolkers at age 65 who have 30(tire now and start drawing pen-|serve for stability of the auto ocal Iruc rain rices 3,029 Wholesalers in the 818 W there is oil on the ph. $10,000/CAR see their best months just Bulls Fully Active |years’ seniority, Retirement man- (sion on that date. workers but should point the WAY! “fio Tred wheat BH ni Co 5 eration then adds another $10,000, . 3 Bulls in limited supply, also, " _ in the steel industry. | No.2 white corn,.$1.35 United States a anada 118 E to $15,000 to put a well in pro- (ahead, between now and Christ 1d datory at 68. Workers retiring] Immediately Eligible 5000 Lg ie, Son, Nei Th, § . 0 . wm ! |mas. sold actively at fully steady pric- {between 60 and 65, or with fewer workers, who are to be retired] John Bugas, Ford industrial re-| No, 2 outa, Se Thang, $0.05 | have used our service. duction. : | Television’s headache has been °* Medium to good sausage bulls | rs’ service, get pro-'between one and 2'; years from lations vice president, said the Dr: “uns, By | i But it does pay off, even in brought $15 to $17 and odd head than 30 yea Re. J % i 1605 Indiana, a low-producer, otherwise that people are still pretty satis- ugt n ea portionately less. No pension now. contract was “a fresh and sig- Twins Close Together |

held at $17.50. Occasionally, good fied with radio. The sets costi) avy beef bulls sold at ys to Paid worker under 60 unless dis-| Future Adjustments—Negotia- Nificaht approach to increasingly

would not be the scramble thers would $15.50. ‘Light weight beef bulls;APled. in Which case he may re- tions may not be reopened before better industrial relations in Ford

for permits to punch holes in the them little, the programs nothing. ST. PAUL (UP)—Out of a pos-

|sible 169 points in mental exami-

| Geonce S.May Company

Then by the end of the year 55 with 30 years’ serv- Mar. 1, 1955. although if Social Motor Co. plants. J wanes this double or 5 tire after ) . 1, , g nations written by St. Thomas mapa diana in there will be about 100 TV sta- ld Tice bo $1600. high fce at total pension of $50 Security benefits are increased! ‘‘Most of all, we believe it opens College air ROTC NN at James Established 1925 (tions on the air and around 1 mil-| od to choice head commanded monthly. {Ford automatically will pay less the door on a long period of sus-|Crook scored 160; Thomas Crook Tractors Kick, Too Hon seis in use. au he radia to $2 higher than yesterday's | Cost to Ford — Predicted 8% [to make up the total pension. (tained labor peace and produc-scored 159. The Crooks, from| WHEN THE TRACTOR began ii “V0, of DVL C0 0 0: 809 averagés. “Other classes . sold|cents hourly for each of Ford's| Administration—By joint com- tivity.” he said. _________[Pipeston. Minn. are twins. | to replace the horse in Indiana strong to $1 higher. The bulk of — fields, farm organizations dis- Fried Chicken 00d to choice head moved at $28 £7 v

covered that the peril of the s S {to $31 and common to medium horse's kick has been replaced by| BIITIEH HOTHEALITY hatigrades sold $20 to $27. Culls sold an even greater to cocktails. (largely at $12 to $18.

They found machinery could be| Indianapolis foreign trade Lambs Advance ; / dangerous. Combine, SDeIng pur. teamed beceetn panes, AT Her, PORE trong a i equipment, in fact, most POWer, gi .1.nq were treated to mar-| - 8 Pp rad- —

devices can clip off a finger io... ~ anhattans and sherry |'"S: Good to choice head sold break &n arm, or even kill -the " ;largely at $23 to $23.50, with a ; g ht an aT then ushered Into a luncheon ofigey’ ots bringing as much as $24. PAINT GOES ON EASIER * DOES NOT DRIP OR LEAK! Sherwin-Wi care fried chicken, not “Southern rwin-Willicms With that in mind the Indiana ie » but tasty. Late Wee sold im Juier \ading. Farm Safety Committee today| ‘Frank Bodwell, Indianapolis| MO¥ever, above the $23.50 mark. | : - ~ gathered together top-level safely ampassador at large and Ameri. Sy 13, Sood heat 2 at| NEW K EM G men from oil companies, farm can Alrlines representative here,’ Ades of } 1 $ os : implement companies and others|fiew home this week, tired, feasted §100¢% moved largely at $17 to Here's a new finish that looks and washes like baked enamel. Scuff it! Soil it! Wash it! You'll be amazed at how it comes back for more and more abuse. Only $2.39 quart, $7.98 gallon.

close to the industry in the Bev- and much-traveled. He had been *'* erin Hotel. (with the Hoosier party. A single deck of good to just

so» He said the Hoosiers had their Choice 103-pound yearlings were RICHARD WILLSEY, Purdue .. . pads with them. And Rich-|DaTely steady at the selling price /

farm specialist, took charge, and, 4 gommers, of the Atlas Man-|of $18.50. pointed out that the farmer, IN uraeoiuring Co, has sent beeen Slaughter ewe prices were addition to the hazards of Ma-i,.qers home. Others, too, are 5tady. The bulk of all sales chinery was subject to all of the pugtiing business to make work Drought $5 to $7. Odd light & hazards which beset the cityigand wages back home. |wegtits brought $8 to $8.50. \

dweller. | In Copenhagen, Mr. Bodwell Late estimates of receipts were He falls off ladders, gets pote-paded hotel rates and meals. 08S, 9750; cattle, 625; calves, 300, burned by exploding gasoline, Rooms with stall shower were 80d sheep, 1175. and gets singed or worse by elec-\ahout $2.50 a day and he reports Sm tric wiring. hag YOU can eat a whopping breakfast 3 Tech Graduates r. Willsey says no one for cents. | s . ever paid much attention to the . .w [Receive Scholarships safety of the farm. No statis-| OVER THE ROLLING Atlantic.| Three June, 1949, graduates of tics have been gathered, hence luncheon club rivalry broke out|Arsenal Technical High School there is no_history. So today between the Rotarians and the have heen awarded scholarships. for the first time, statisticians Kiwanians. In the party there| wy am Sullivan was awarded are chalking up the safety ex- ers Wi. Raph FHempest the Indianapolis Federation of perience of the farmer. seymour; Ximer Kreuger and Ed.|p,,),),. "school Teachers Scholar

Dowling Rotary v. p., represent-| Inive It is pointed out that the farm- 0", » go led Wheel, and Ho. "PIP to DePauw University.

The ever-popular Sherwin-Williams

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Wash this satin-smooth wall finish again, and again. Dirt rolls right off so easily you will be

er never had mechanical training, =", "0 + wr tuth Ellen Fark has received ) ” ghton, G. Walter Bork- ! J : . and he has i be Nis oN me land and Frank Bodwell drum- he N 8 lesley Wlazship prom Smead at how long Your walls will stay new chanic in ma ! “" ming up Kiwanis spirit, ie Indianapolis /ellesley Club *: . : of his distance from repair shops.| nf. Bodwell said he thodght and Milton Bierman has been ooking. Choice of beautiful decorator colors.

And because of his lack of me-iyy, Kiwanians were holding there Awarded a scholarship to Carlechanical knowledge he faces eX:awn until they met the reception ton College, Northfield, Minn. tra hazards. not risked by those |ine as they got off the plane in mre who know machinery better, {England. Every man in the line Official Weather

{wore a Rotary button. No Color, Please |

TELEVISION set makers are worried. They are afraid the! WHEN GM'S BILL POWERS kid pt Federal Communications Com- touches off the fuse on the open- Toa! meceimiiaiion sanding 730. m. 00 mission in their hearing will give ing gun of the Community Fund Excess. since Jan 1 570

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color TV. thé go-signal which drive Oct. 8 he will be making, The following table shows the tempera- . z 3 would obsolete most of the near- something over his 10,000th speech Station ’ High. Low - . . : million sets now in use. ° right in his boyhood backyard. A on 2.3 : A rich velvety wall finish of the Raymohd - C. Cosgrove, presi-| Mr. Powers is a Boys Club ; u a2 a ot : dent of the Radio Manufacturers/graduate, believes in giving boys ¢ eland € 3 M Gl T finest quality for interior walls. a Association, (they also make TV), |a lift, setting their feet- in. the sg "Wi et, Is . loi the FOC that-the set makers 7ight direction, their faces to-|B, Xoih, con — Eight colors. Washes easily. $3.65 ‘gallon want two things: ward the sun Kansas City vie. 84 38 . ONE. No decision which | Community Fund team workers Miami olie-5t Paul. RH : ‘ , $1.25 a quart would obsolete present TV sets, will find him a man with a glow New Qrieans co 8 8 A and [In his heart, and a lift in his Pillay ran Deka " TWO. The opening up of |voteg, To do that, ohne has to gt" francieco kx 8 channels to Increase the num- [believe in what he is doing Washington, D © . 8 1 58

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i | J why N or =e jm =a) SRI - . . LS] | 1TULsA® 2. LOW) Puan, ¢ | | | a ONCE - a .. xX | ~F AS { \ \ } J ok 4 SP 1 SORT WORTH + > ) \ XL santiy CLOUDY AND £10 BR | RETAIL GI tons a (LoupY A } ashington St. . 3484. A gp A: Vo 7 fod Brgy SERVICE © ® 38th and llinois TA. 332) RL YS : CENTERS ®.42d and College : HU. 1397 VIGLns T ® Broad Ripple, 802 E. 63d ., BR.54b4 mY towing : ® |rvington, 5609 E. Washington - IR. 2321 -_ ee SLELT (Aa SNOW i : ® E. |0th of LaSalle wan : : 22 SNOW SHowIRg [7 RAIN % Neighborhood Stores Open Fridays Until 8:30 P. M. . Ss 16 Prospect MA. 8429 S : Y;iF AND nuRntS ZZ : - Other Days to 6 P. M. : 4 ‘® 2125 W. Washinaten Street. MA. 1771 TM RG USPATOFF. COPR ISAO TOW. L.A. WAGNER, ALL RIGHTS RESERVED. rma iad . AY asng Alike : or , ».. % Downtown Store Open Daily, 9 A. M. to 5 P, M. ® 2730 Madison Avenue ts ID. 1434 ~~ TONIGHT AND TOMORROW: That cooler arrow painting down from the top right of your foto. | . ; . . fal” IRE cast tolls the eastern weather Gs Sais fomoraw warning the mercury will drop into the 40's 1 ie o al : : ? = from upstate New York into the Ohio Valley and over inte M and Kansas. Very litle sformy ! . : mor i ks weather is expected over the nation in the coming 24 hours. = - : 5 . ——— ji” : v \ ; he? ! e > in 4 x "i ™ . J bo oo Byrd ay chal i Fagan : 2 5 a |: a : Ls ; 0 x » v fe : : » > re : ¥ : by : : » ” rs Ra o » 2