Indianapolis Times, Indianapolis, Marion County, 18 October 1949 — Page 15

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ers, star

sale and he basis jure that g ideal is r system slong the

srship of he come hat have » D. Mc-

it if we Stengel, Yankees.

on the man.

when an bomb is will be ysicist. .

ald have take the n Ford's

iculpture. tue with 8 around e in the 1 in it—

ess have rent year ,. Robert of Tech~

it the adte to our Lots of [ builders lelson, of e Boards.

18, ECA's operation

“UZSDAY,

5 RET a

Risk Growing Shutdown on Charge Accounts Could Cause Quick Recession

—

lar

Payment” Charge accounts of signed mortgages washing

a > EE Rr AY ae a TH II IEE DI

OCT. 18, 1949

becoming too easy as the competition for the wage' $4 huis. Fir the S1dowa days returned; followed by the

era. mounted. Finance companies have their safes covering everything from automobiles’ to

g 3 R

th iis

: g

sales and to get more wood back into the trade.

Qil—9%0 Years Old

telling its story to the public. Through the week it will try break down the idea that a few big companies run the show.

THIS week the oil industry is

Indiana oil men are pointing

PARTLY CLOUDY AND

i i

Tous. Mr. Hartley The key is the credit-e ratio. And it is still on the

gs fe side of the 12 per cent which ex-

out that there are 34,000 competing companies in the industry em-, ploying 2 million workers. The industry is holding “open houses” and making speeches before luncheon and service clubs. Ninety years ago, at Titusville, Pa.. the first well was drilled. And drillers wondered what to do with the black stuff which rolled out of the ground and was to change the whole pattern of the nation’s living, by putting nearly every

CLOUDY AREAS

TONIGHT AND TOMORROW-—The cool arrow pointing down from the of the fotocast shows how winds from Canada will lumber down into the Note how temperatures will drop below freezing through freezing line is drawn through points where the Weather Bureau forecasters predict minimum temper-

Za Ex" City,

’ . KAN ww — uy

NSAS ¢

mT Thtuisar

iy Fa 1: FORT WORTH «

Fappenst NE scatriats [ong AACRP SHOWERS Yh SUEY SNOW coupes 770 wi

THE INDIANAPOLIS TIMES

eather Fotoc

AN 1. stiov PENA rf

WERE

FRAG Fad EIT TIN RE YR ry %g

ast

+ Mia

pan

in that the plan was being supported by treasury agents so they could more easily have access to farmers income accounts.

she thought her Sixth District farm constituents were cheating on their income tax now.

in Plan Looms as

Mr. Haymaker said this showed

Deliberate Distortion “phat I should question the

ins ushering in , wintry Dakotas and most of the Rockies. The

weather.

h y of farm folk with whom I have lived all my life was a deliebrate and carefully calculated distortion of my remarks,” Mrs. Harden

of misrepresentation campaign

declared. “It is quite typical of the type

10 Million a {Chickens a Year

heaters) in their houses and may go to radiant Speakers

were Prof. C. W. Carrick, feeding (that’s correct) on broiler houses,

E. Roberts who told about Purdue’s raising tests, and Dr. Don Paarlbert, agricultural economist

Mrs. W. L. Batt Sr.

isted in 1941. Today because of higher earnings, the towering $10billion credit bill still represents

family on wheels.

1200 products which move us only about 9 per cent of the about, heat our homes, keep our

The oil industry produces some

atures are going fo drop fo 32 degrees.

Hog Prices Advan

ce Here

Official Weather

country’s spendable wages.

| factory machinery running and

No Change Seen

WHAT WORRIED the Federal Reserve Board is what might happen if suddenly the country's earning pov.er would take a slide. It would throw the ratio out of line, and shut off credit at a time when business might need it worse than today. Local opinion is that there will be no credit controls, or further easing of credit requirements for at least a year. In the East some of the better used car risks are going for onethird down and three years to pay, but in the Midwest it is still onethird down and 24 months, with no change in sight. The credit picture is the most dangerous potential of an inflation bubble.

Auto Credit Loaded

AUTO FINANCING companies in this region, for instance, have their money pretty well out and all of the financing paper they want. This does not apply to the big ones; CIT, GMAC and Commercial Credit who have no limit, but the others who have to borrow the money are in about as deep as they want to go. There won’t be any credit tightening, in spite of the Federal Reserve Board's worry, unless threatening clouds appear on the business horizon. Then look out. When the credit lid goes on, the blow could so stop buying that unemployment would snowball into depression proportions in 60 days. That’s what the Federal Reserve Board is looking at, and probably what we, as citizens, ought to look at, too. . # -

Sales Vitamins

THE WOODEN DESK business is taking sales vitamins. About half of all of the wooden office desks produced come from Indiana (Jasper, Cannelton and Shelbyville), and 75 per cent of the veneers originate here. Today the wood office furniture dealers and their salesmen are going through the brisk paces of a sales training clinic in the Claypool Hotel. ~ While Indiana turns out most) of the wood desks and chairs for business, the sales clinic is be-

help to keep us well.

in food costs, Rodgers N. Brown, Kroger's branch manager in Indianapolis tells housewives they can look for easier going in two food fields, pork and apples.

per cent increase in the number of hogs going to market and that apple growers have produced the biggest crop in 10 years.

tion. applesauce on your family table.

Chicago area are expecting a big

- - ® Coal and steel strikes have hit the oil industry a glancing blow. Tank cars are moving

tually all lubricating oil, moved by rail, aré hampered.

Pork and Apples

IN SPITE of a three-year low

He said there has been a 13

It couldn’t be a better combinaLook for more pork and

Jobless Spiral

EMPLOYMENT Security offices in Gary and the Hammond-East

load this week, not from steel strikers who are ineligible for un-

Sow Prices High

employment compensation, but from the little businesses who are trimming payrolls as strikers

ready for a swift upward spiral in the next 10 days unless the strike is settled.

td - ” Europe's Threat JAMES F. LINCOLN, new era Cleveland industrialist, just back from Europe, pulls no punches on the effect of the devalued pound. What Europe lacks, Mr. Lincoln reported, is American production genius. “If we were to send 10,000 American production experts to Europe, they could shut down every industry in the United States,” he says. Mr. Lincoln is worried about the ability of Europe#n countries to throw their low-wage prgducts into the American market at the exchange advantage created by the shrinking of the pound. » =

#® Bigness—A Sin? dislike big business competition,

and the public, through years of political indoctrination, has been

ing spotted strategically in 38 centers through the country. The| men who sell have come from as

| according to the Nation's Busiae a i » {ness, believe big business does

their closing arguments.

wi time wh .|40 per cent believe the governone bought wooden office desis/ment should Hmit the size of Hook

and chairs. It was a monopoly of circumstance. No one made

competition.

Steel Competitor

: 19 The A&P anti-trust suit is but nos Brass EA aw a” 94" any other kind. Today is dif- one of many which may. flower ;i5oR “3% I com 1 203 ferent. Steel is in the field. Andin the program of ‘the U. 8. At-\;ndpis £ & p 43 vd 88 ; steel office furniture is roughtorney General's office. The Indpls Water Co com... 16% 17% {trust busters took a crack at the |Idpls Water Co 5% ptd ...100% lo3' interlocking Du Pont, General Jefferson Nasionigl jHfecom .. 1B {Motors, U. 8. (and others) com-|Kigsan & Co com an ibinations and they soon Wwill|Lincoln Loan § fd

STEEL which may not com-|

in appearance with the/crack down on other interlaced mastic Asphalt .... Tis ool of well-finished wood is business empires which they be- (Nat Homes ne : #% ‘handicraft programs will be open cheaper and makers say sturdier|lieve have too much economic N Ind Pub Serv 3% pid 01 to boys and girls between the and ter than wood, although Power. N Ind Pub Serv 44% 304, (ages of 9 and 20 years. The prokh awa sg poms Usually Well Run EESSEESFC, ff im wit be in charg of Seve The change has been in| o 'N a Re ind som i . : ? the a buyers’ frame ok SIGN ES, 3 > Linen Ross Clear” Tog! $a ni youth ind Siro gin 1 [does . 5 com egistration egin tomorof Bind xe i D beauty, [business is more likely to be well | Stokely van EB a row night and first sessions will Hie? unless it is the boss's desk Tul than a little one because it Siokely-Van Camp bia nny 18% pe held Friday afternoon. Boys or a directors’ table the furniture|lS constantly under public (and jfTerre Haute Malieable 10 under 12 will meet on Monday, | governmental) scrutiny. United Telephone-5% pfd ..... ..|Wednesday and Friday from 4 to is likely to be non-reflecting| The Ameri Telephone & Udion Title Co aren -|5:30 Bo functional steel. Offices don't, 00 0 "C0 “ho, not hes 2 BoNDs reel From 630 To 9 bn 2 on . llen & Stew 5s 57 cee 93 ie : . m. 8 BE ey a or. this| MARY political darts in its back|American Loan dias 80 110 & 'I'|will meet on Tuesday, Thursday once well-cornered market has 8S any other, but the records, Butian Morley bs 01 .. 3% .a-'jand Saturday mornings. put the wood office furniture open to the public, always seem Chof Com Bldg 41s " 95 “ TTT makers on their toes. Shey are|t® stand up from foe standposat Colimbia Cun ‘2.8 83 : 8 - Tires Punctured on of good values and honesty. ; : 13 : 2 going out to pep up dwindling|™ "s/t mind business being nd” Reso tel 32 78 iE 10 Dairy Firm's Trucks LEGAL NOTICES big, we mip A being both Ug Investors pre 3 oil gt n or Pee today were Jnvestigativg LEGAL NOTI and bad. A ere’s very e BE savvien .--{the puncturing of tires on five ened Purchasing Avent a the’ Clty of|of that. 154 Tus Bery $s a 184 106i; Bridgman Dairy Co. trucks ih Polls will recelve sealed Bids i'| Bigness develops horizons not bublic Telepions 4% : parked north of the firm's place os, “merchandise and equipment us|visible to smaller operators. FOT|Fiuction Terminal ss 87 1... 93 109% of business last night. | ember % "i949, for the Zolice Depart: instance the food business, of| “Ex-dividend. Wir Bridgman Qwaer, said ; oF od. or, Co which A&P is a part, talks sober- . AL1aL e Tes nad een puncSou” Amount oF any vous pid Mafs|ly about its “social responsibil- Local Truck Grain Prices tured. A sixth truck was not payable to ony of Indiana lity? DT . ——— APH PrVEL ee -—— bothered. During the week-end, 10.000 of § cases 38 Special Ammuni-| ‘In jig bigger aspect, seeing to No: 3 oa truck wheat, 31.90. Mr. Bridgman said, wires were

10,000 or § case 38 Spects) Wadcutter Ata". 0. B. Preight Prepaid Indiice en

ps » : Seid ON NO. 7953 wo ued by ihe ‘Tadiabmgols. Potise ment. Equipped 31 Generator

or its equal-50 Amp. tor and Josiuve e

with auto-lite No.

rent fiscal t pared wit

nomic sin. Five out of six little companies,

{more good than harm, but nearly

businesses.

In Fairly Active Trade |

Hog prices held their own in re- mon to medium grades moved - lation to yesterday's market avere slowly, and shipments of vir- 22s ib alive Ale Ww at th The bulk of good to choice 180-250-pound barrows and gilts sold at $17.75 to $18. A few loads moved at $18.15 with a top of $18.25 paid only sparingly. A few lots weighing 250-290-pounds sold at $17.25 to $17.75. Bidding on odd lots of big weights good to choice head bringing $27 was down to $17 and less. Light weight 100-160-pounders mon to medium head were active sold at $15 to $16.50 with choice at $18.50 to $26.50. Cull prices near 160-pound head commanding up to $17. Sales of 160-180-pound weights brought $17.75 to $18.

Sows sold in spirited trade at] strong to fully 25 cents h prices. Most good to sholes ‘ unders sold at $15.75 to] $17.25, Choice lightweights moved top was $24.50. Medium to good at prices ranging up to $17.50./head "brought $20.50 to $23.50, Only big weights, head weighing| common to medium, $16 to $20, 600 pounds and above, sold for|and culls were down to $10. $15.50 or less. Stags were on hand in the With good to choice light weights Stockyards in limited numbers bringing $7 to $8.50. Heavies and

igher|90 cents higher. 300-80ld largely at $23.50 to $24. A

BUSINESS gets itself hated for|4 getting big. The little companies: 1t

taught that bigness jis an eco-|Som Loa

! {common to medium grades sold tighten purses for the long pull, |only. In Lake County today the un-| Mostly good grade steers [31 35 10 $8.50. employment load stood at 6000, heifers and yearlings so

actively in the session. Steers and heifers sold mostly steady to strong and cow prices were strong in comparison with yesterday’s full advance. Bull Prices Gain Bulls sold strong to 50 cents higher for the second day. The bulk of medium to mostly good grade steers and yearlings moved at $25 to $30. Common to medium grades sold unevenly at $19 to $24.50. A load of only good heifers brought $26. " Scattered loads of medium grade head sold at $22 to $24.50. Common to medium offering brought $16.50 to $22 while good beef cows brought $16 to $17.50. A few head sold at $18. Com-

Local Issues

Oct. 18—

STOCKS Bid Asked American States pfd ......... 2¢ 25 American Blates com ... 4 ne 13% reshire Coal . 4 . L. 8. fd ser 45 104

40%

15 { 16%

Fonsolidat

Delta Elec 10

1, is DI {Marmon-Herrington com

] quitaple Sec! . ays orp erff-Jones a A Ps Vans 9p 10%2 ome Tel & Tel 7% pfd .... 51 Dr Co col ive 18 Asso. Tel 2 pfd ......... 35

i 4s

at $1450 to $16. Canners and cutters sold at $1150 to $14 with some big weights bringing up to $14.50 and few head selling under $12. Good weighty sausage bulls brought up to $18.50. Most medium to good sausage bulls, however, sold at $15.50 to $18. Vealer prices were steady with

|to $30. The top was $30. Com-

being carried on by the Democratic ‘high command.

| UNITED STATES WEATHER BUREAU —Oct. 15

"Suavise.

Precip. 24 hours ending 7:30 a. Total precipitation since Jan. 1 cess since Jan. 1

were down to $12. Heavy calves of medium to good grade sold at $18 to $22.50. Lamb Prices Steady Fat lamb prices were steady to Good to choice

ew lots brought $24.25 and the

{| Slaughter ewes were steady

Delay Test Case

| |

In Affidavits Row

Prosecutor Approval | Of Issuance Key Issue

er the prosecutor’s office must ap-; prove the issuance of all criminal] affidavits was delayed today until} Nov. 1 in Municipal Court 4. Attorney Sam Blum filed the case with Judge Alex Clark with~ out approval by the prosecutor's office. The defendant, Earl Burkhead, 39, R. R. 3, is charged with assault and battery in the beating of his 74-year-old father-in-law, Lewis Bottoms, R. R. 3. Mr. Bottoms was unable to sign| the affidavit so his son, Harvey| L. Bottoms, 1213 Concord st.

...|signed for him. Burkhead was!

released on $100 bond pending! trial. | Patrick Fisher, deputy prosecu-

tor at the police station, said he {will file a brief with Judge Clark, | ,’* stating his office’s position on the; |issuance of criminal affidavits.

|The prosecutor contends that he must approve all criminal affi-

B% davits.

‘Salvation Army

#* To Open Youths Club

The Salvation Army will open {its newly organized Red Shield Club for youths tomorrow night {in the Salvation Army Center,

1234 E. Michigan St.

Supervised recreation a n d

No. 2 yellow _corn,. 93c.

adds up to just that.

it that there is enough food in the right places for all the people

No. 2 oats, 80c No. 2 yellow soybeans, $2.00.

U. S. Statement WASHINGTON. Oct. i8 (GPO BE Seat "thioselr ol te A JOar ago:

i8 curcom-

Last Y hi 10, 243,270, 1 14

05.383 4,777,017, ae EE

start in business, etc.

Loans “." 3% Per Annum on Life Insurance Policies

Loans of $5000 and up Size of Loan Determines Rate

At our low rates it will pay you to borrow to refund higher rate loans; fund miscellaneous debts, pay taxes, buy property,

Loans made to full cash valué of policies. Loans are con-

tinuous, without renewal. Beneficiaries’ interest fully protected. No monthly payments required.

Otto Meyer & Co., Inc.

also cut on the headlights of one truck.

MA.

. A test case to determine wheth-|

an Antonio .. gan Francisco ..

. Louis 7 Washington, D. C. .. RR...

Early Morning Fire Routs 6 in Apartment

Six persons were routed from their second-floor apartments at 2 a. m. today as fire gutted an ice cream parlor and sandwich shop at 1642 Northwestern Ave. The fire, of undetermined origin, virtually destroyed the shop, owned and operated by Lewis Shaker of 1606 E. Minnesota St. A corner service station and a market on each side of the sandwich shop were threatened for a time, firemen said. Police said occupants of up-

stairs apartments were driven out tenant on his own land, with the

5:58 | Suaset. 5:02 [fact that the Internal Revenue we § . __00 Bureau is backing the Brannan s41 Farm Control Plan because fol wing table “shows the tempers- passage would enable them to in-

The ture in other High Low BURRER "+. oc voi rari nrave see 64 57 Boston . 63 I urbank . 88 56 Chicago . 10 3 cinnati . 2 5. Vela . = 51 Evansville a 5 ™. Wayne ......... +1 51 Teh. "Ci “ 2 63 anapo! y . Ahsnangls nn. . it Miami gin Thee . B34 74 1 St. Paul.. . 3 53 New Orleans ....... . 66 New Yor Coma re ad . 83 1 O laloms City . 3 P+ fttsburgh ...... . 61 47 0 46 53 55

lent method of taking the farm-

“1 simply called attention of lthe farmers in my district to the

its

crease their gestapo-like assault on the farmers pocketbook. “Mr. Haymaker's inference that I charged the farmers with dishonesty is completely false. As a life-long resident of a small farming community, I know the average farmer to be an honest individual. So honest, in fact, that the tax collectors have been taking advantage of him.” Mrs. Harden criticized the pres-

er's bank pass book and cancelled checks to figure his income tax for previous years as “unfair.” She said high-handed tactics of treasury agents had caused many to pay more taxes than they owed “in order to escape continual persecution.”

Reports of Threats

She cited Farm Bureau reports of threats made to Hoosier farmers should they appeal their tax cases to district offices at either Terre Haute or Indianapolis.

“more than willing” to make the Brannan plan a campaign issue. “It would make the farmer a

{way train yesterday in Phila-|

Mrs. Harden said that she is

at the conference

specialist, Melvin Flock

at Purdue.

Killed by Train

Falls on Philadelphia Subway Tracks

Mrs, William L. Batt Sr., native of Lafayette and wife of the former War Production Board chairman, was killed by a sub-

delphia. She was 62. { Mrs. Batt was struck by the! fivescar train 30 feet from the platform of the City Hall station. Two cars passed over her body before the train was halted by an automatic device. Her body was identified by her thusband, a native of Salem, Ind. and the vice president of SKF Industries, Inc., ball-bearing manufacturers. Under Care of Doctor Mr. Batt said he thought his wife might have fallen in front of the train in a faint. He said she had been under a physician's care for a minor ailment. Police said she apparently fell to the tracks from a cat walk 30 feet from the south end of the station platform. Her coat, shoes and purse were found on a sand box below the platform level. Mrs. Batt attended Lafayette schools and Purdue University. Both she and her husband were graduated from Purdue in 1907. They were married in 1909. Mrs. Batt, the mother of two sons and three daughters, would have celebrated her 40th wedding anniversary Oct. 28.

TE DEUM FORUM TO MEET Dean Clarence E. Manion of

for final action on legislation appropriating almost $17 billion for the defense of this nation and its

| ment.

of it on the market in Indiana. uv Sar At the annual meeting RBA = | . t Purdue today it was revealed «2 ection I [ that Indiana 1s raising about act 3 10 million broilers a year, double Ca p= 4 : 1942 Agate. TE iE VY MYL aE i Rep. Cecil Harden |. 3"hem bigger and faster witn| Both es Seen Challenges Haymaker less fiber and more of the stuf V, Huge Sum To 1950 Showdown fats. © . For Security i By DAN KIDNEY Broilers are tall WASHINGTON, Oct. 18 (UP) Staff Writer birds. They have furnaces (space| ] 3 the way today 3

The two Western world meas-

ures survived major tests late last night when:

a $15,585,863,498 apservices

propriation for the armed

p ting

ure a, enable the United States up the military defenses of At-

lantic Pact powers and other free

nations. This legislation already

has passed the House. The Armed Services appropria= tion has been one of the major obstacles to Congress’ adjourn= The House voted an extra $741,386,000 to build up the Air Force to 58 groups. The Senate had insisted upon only enough funds for 48 groups. ME President Truman sided with the Senate on this issue. But House conferees insisted that Russia's recent conquest of the atom made a larger Air Force .. advisable. fo + Until last night, efforts to resolve the controversy had been fruitless. Conferees were still divided on whether Mr. Truman would actually spend the addi~ - tional money for the Air Force. Huge Sum Earmarked As it now stands, the bill would _. earmark $4,088,386,000 in cash and $1,992,755,000 in contract authority for the Air Force; $4. - 285,382,200 in cash and $643,546,« 000 in contract authority for the Navy; and $4,380,644,208 in cash . for the Army. - Besides winning on the Air Force issue, House conferees also succeeded in a $275 million Senate cutback in funds for the strategic stockpile ing program. The arms aid bill would finance a major plank in the administra-

the Notre Dame University Law

tion's foreign policy platform, the

by dense smoke. No one was in-| Agriculture Department the ab-|School will address the Te Deum|plan to rebuild the defenses of jured and damage was unesti-|sentee landlord and the tax col-|Forum tomorrow at 8:15 p. m. Injwestern Europe against any pos lectors the overseers,” she said. |the Murat Theater.

mated.

| -.

er 1 wy ll" =n ! |

| |

{

| |

but a few models.

DRIVE A 25 BARGAIN

% Priced with the lowest % Biggest trade-in allowances in town % Immediate delivery on

RQ Jl}

DOWNTOWN FORD SALES CO., inc

720 North Meridian Street :

_ C. T. FOXWORTHY COMPANY

819 East Washington Street

HATFIELD MOTORS, INC.

623 North Capitol Avenue

- BUILT STRONGER

USING LATEST REGISTRATION

LIFE INSURANCE EXPERTS PROVE FORD

sible Soviet aggression.

OVER I50 MODELS

| From half-ton Pickups to 145-horsepower BIG JOBS. Conventional and | Cab-Over-Engine types. Stake, Platform, Panel, Express and Pickup bodies.

TO LAST LONGER

DATA ON 6,106,000 TRUCKS TRUCKS LAST LONGER!

WALTER HISER, INC.

3850 North

GEORGE HOSTER, INC. 829 Broad Ripple Avenue HARRY A. SHARP CO., INC.

443 Virginia Avenue

Illinois Street