Indianapolis Times, Indianapolis, Marion County, 23 October 1949 — Page 28

THE INDIANAPOLIS TIMES

| Big Business Wonders If U.S. . Is Heading Down England’s Path i‘ PUBS t y yd © felt a headache coming on as it turned the week-end. It had been eating inventories of steel and coal and the thought of raw materials hunger upset its produc‘tion stomach. Truman will have to step in and

| “Through the last few years break the steel and coal strike

business had been swift stalemate. What bothered them and C2, who would win, who would

lose. ; They could see unemployment! beginning to pile up this week as

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“All spring long Industry had ) ‘trying to get rid of inven-

tories. Today they are pretty well Linder's on og and those that are not gone first pay days were missed. And | z = afe shot through with empty they pondered what would hap-| His K itchen Magic bins, spotty for assured pro- pen if the Truman administra Draws Thousands duction. tion takes over and makes the = Businessmen were watching bargain with the steel and coall ENJOY a good meal cooked by ‘Washington and wondering. They unions for the owners and opera- a man who cares?

were convinced that President tors, | Then John Linder is your man.

They knew what had happened be- He's been at it 30 years. : Down-the-Line? fore, and they knew the down-the-| Epicures are drawn to his drivefine

attitude of the administration toward labor. They feit reason- 4 t ‘His "ably sure management was going to take a licking on the company- in like ping to a HA ge : Paid pension demands. menu is a tour o tems, Would it mean “socialistn”? The word has run freely through counting sandwiches. their conversations since the last] ; residential Section. #8 ¥ A giol ne Hien Whe Tun factaries 0d ie drive-in, three miles south of me es over and makes produce coal. : generous & deal With the| The best all-around guess is/Anderson on TU. 8. 67 where it Jasons. will the owners and Oper-'that Mr. Truman will take over formsa Y with Ind’9.

“gtors take them back? | + These were the questions which fails to settle its difference, he were spinning through the minds will take over the steel mills.

England's Way? When the control of private wealth

leaves private hands and goes to the what of “socialism” do we have? Are we head 3 . By or have wé learned 4 lésson from the Labor Govern- just so, by the experienced hand _gment’s mismanagement of England's economic affairs? of the 350-pound chef-capped "If the Government settles in either or both major strikes, the owner. A : " { Kitikers wil) gut the sgt, Prob next, until phivate enterprise proigh to satisfy them. It will at duces very little profit. ne be a bitter pill for private Industrialists were openly critl E {eal of Congress for packing up jo 2 the unions win their first and leaving Washington with the Jo, if In only, whole business structure strikethat it will beitied. Baid one executive, “They {ought to the job until we

get out of this mess.”

as red swordfish and finnan haddie, oysters on the half-shell, and sweetbreads—the whole array of Amerfcan: taste-tempters turned out,

. = .

drop in without suspecting that their host has cooked in every state in the Union and 39 foreign countries, John Linder has been cooking and baking since he worked in his father’s Anderson bakery at 14 years of age. At 15 he joined the Navy, landed in the kitchen, then “steamshipped” over the Pacific, always in the galley. He then worked for the biggest bakery west of Chicago, in Los

in cooking and baking occured when for 18 years he worked as a demonstrator for Swift & Co. and Wilson and Co., packers. This took him into the best

the world’s great chefs. ” ® » : DURING THE WAR he ran Ford set the shutdown dats for Nov. 15 but four restaurants and a box lunch produnction line Nov. 11 (Peace Day), |com in Anderson, made his

pany ‘buying from 500 industries in Indiana, will §0 fortune, and decided to build his own drive-in, literally.

man is getting’ worried. The

‘Anderson's John Linder Has Been Cooking 30

| People who love food swarm to!

the mines first, then if steel still] They order such rare delights| snapper and pompano,

TOURISTS who sweep by on} these busy north-south roads;

Angeles. But his big experience 1

Rotelr in every state and 39 for.|P shooting at $125,000. He figures, His menu is an amaszer. It In.

sign Soumtries hers Je rubbed), commended 13 per cent of the/of Chinese dishes, 10 cheeses and trade. Doctors send patients -to|

» " . He bought the land three miles|up his help in a station wagon! HE GRINDS his own coffee time.” south of Anderson on U. 8. 67./to bring them to work. He takes every few hours from the whole With his two boys, Bill, 16 and Tom, 18, he laid the blocks and works “on the floor” but she does and time do their work.” did the plastering, did most of mot hover over the cash register.| His tips to cooks: don't hurry it, man.

SUNDAY, OCT. 23,

Years

the Point . . . a blaze of neon, an acre of parking, and a mecca for gourmets.

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John Linder, 350 pounds of cooking genius, and his sons, Tom and Bill, both apprentices in the magic | of cooking range.

the work himself. It still cost him “All our girls handle money and use a siow fire to break down the| $75,000. That was in August of we have never had & loss,” he inside tissues, and weigh every-| 946. {said confidently. . thing possible. He even weighs the, In 1947, the first full year, he| He is getting ready to put up a sait he uses, and he’s been at it} put about $100,000 through his/two-story banquet hall with a 30 years. cash register. The following year heavy-duty kitchen and added re-| About garlic, his theory is if he did $115,000 and this year he frigeration. [Jon } San taste it, you're using 100} uch, 8 per cent profit compared to the cludes in its 300 items a full array| He gets, of course, the best American Restaurant Associa- foods usually found only on him to have their cooking done tion. {swank hotel menus, |in olive oil. And he once prepared “That's enough for me” he ex-| He sells 350 filet mignons a & mixed grill of 20 kinds of meat plains, “I've got too much in-|week by the pound. He weighs the for A. & P. food buyers. A packvested to put profits ahead of customer's meat, charges $1.65 a Ing house owner brings his own quality.” pound (it costs him $1.08) delly- Meat to have Mr. Linder cook it. {ered to the table. |

* » a | He is an eater himself, a big HE EMPLOYS 20 and picks one. “I like food, eat it all the

| One look at his 350 pounds tells {them home, too. His wife, Isabel, bean. “It gets rancid when heat you he is a man of his word, with a reverent respect for the inner

t will be the last to|Week-end temperature drop scared Prin hm auner 3 Tu SO LM through or & or two, an 8 alt AC © Stockyards Set

‘ This week should see the pattern form for the settlement of the two big strikes, ly as unions hope he

or

REPS saci,

For Big Hog Crop

Believe Prices

the deadlocks, but that when Bel when the big high-powered back Will Stay High L “£) he will of Big Steel and NEY BL SF eToh Ah 27 Jason cua

Already trampled by the high-

Rich Man, Poor Man

“through old age. the career executive,

stuff his ears with cotton blue.

ssing for/three years, the Indianapolis ills Volo i Perry thom Stockyards braced itself for the trying to live on current deluge of oy nation’s Jurgest 4 how to t bY. peacetime Of Crop on record. AASuibe, 16 WARIS "5 i ry wage worker to understand| Farmers lined entrances to the how his boss making from $15,000 to $30,000 & year could possibly yards with 18.350 porkers Hil be having & hard time making poss. In the higher brackets, he {8 to Re in are were ends meet. But ‘he sometimes g.jqom goes to his hoss for glo Cite hE early July "1946. does, raise. And sometimes he wonders Indianapolis butchers and _' Furthermore, he is not organ- now he can pay all of his Bills! oh olesalers speculated that more sed. He is dependent on the com. and maintain the standard of MHv-! .. «45 will be set next month, market for managerialing forced upon him by economic yy, would not venture to guess genius, or the good will of hisicircumstance, the effects on price.

i : . Despite the unusually heav A Meadache Takt ne man e town whoo earns Above run ree week, i - ,000 a year. He has children away at| # , maintains & home in which he can comfortably entertain io is Sam dyman A wi hod oh boss and board of directors. He goes south or west in the} oher. winter for a few weeks with friends. His bankbook gives him a, 8-Year Low Tied

| Pdrk prices that had fallen 10 : It. is mot poor L. 1t| not agree, but these are the days Pp

Inahajunen | » cents in the last month this week « is simply not being able to afford When the “rich man” is often a show signs of strengthening in . the things which go with that poor man, and the hourly worker aa: counters as hog quotations kind of an income. The catch is whose taxes and hospital Insur- ppiaay dropped to tie a three- | taxes. His take-home pay isn't'ance, Community Fund and year low of $18 (top price per . $25,000. It is closer to $15000, union dues are deducted before p.»ared pounds). ‘

he has to try to live on a he gets his check, probably has, Government livestock authori-

{always means stronger appetites {for meat, Hog prices dropped generally

bo NM |top-grade steers and yearlings ; 3 IR AT " ' |sent prices up on lower-grade This Crown Imperial Limousine has been added to the Chrys. |beeves and beef products. i lor line-for the eartiags trade." It comes with or without chauffeur | 3 £ compartment, on 148//.inch wheel base, and is powered by the [Profits Gain Shown

* will be amplified and be passed on to the next tower.

tions will be poured before

vrei dustrial and Labor Relations Re-| Net for the quarter ended Sept. Po

REL

metal “lenses” in horn-|

concentrate the energy Of "vicrop mMANUEL president responding 1048 quarter. microwaves Into NAXTOW|,¢ tne A VCO Manufacturing

The tower relay system will be resignation of R. €. Cosgrove, his riod, against $15,151,446 in next year and Bell executive vice president. The staff third quarter of 1948. the reporting to Mr. Cosgrove willl The AVCO general office in on & QO. Schmidt Joins cinat! will be absorbed by the Klein & Kuhn Firm corporation's Cro Division, the management of | vise operations of the company in nounced

3 \ x " partme & Two. National Homes Active selling (prefabs) dealers wil at- dustrial re “* conference In the Chicago,

est weekly hog run in more than

{ohey will: pass television images from one tower to the next | Co. increased sharply in the third crease as many oil sources be-. . on & beam, like a searchlight. At each tower the electronic image quarter of this year but net sales lieve that consumers will turn to| {fell more than $4 million from & oll because of the uncertainties Test borings already have been made for the towers. Gunerete Yet 4% the company reported in

: . {view have been reprinted. They 30 amounted to $614,808, equal toa year ago. The antennas will be 10-foot oo ke an excellent manual for stu- 54 cents a share before special tribute this mild decline to the ex{dents of unemployment compensa- adjustments, compared with ceptionally warm weather for this mounts which draw in, or 23 cents, in the cor- time of the year. [on an Warwick Rd,

The company reported sales at!ch 3 Corp., yesterday announced the $11,105,126 in the reporting pe- with the exception of a few piv- Boyd was recently appointed Inthe otal issues. Douglas Aircraft was diana chairman of the nation-

Klein & Kulin, real estate man-| h will super- agement firm, yesterday an-! Association of Lorenz O. erally. Santa Fe was an excep< towns, Connersvile Schmidt, with its brokerage de- tion, jumping more than a point

leasing in- than a point each were registered! real estate here and in by Great Northern, Mr. Schmidt recently was Western and New » and Tues. associated with Monon Railroad & St. Louis (Nickel Plate). © ins industrial agent.

Stocks Ease Off Slightly Com Prices Gain

| i k n.: In-Active Trade for Week 5; yong

Steel, Coal Strikes; Earning Reports Good Support Outlook By JOSEPH W. MICHALSKI, United Press Financial Writer Boosts Sales NEW YORK, Oct. 22—Prices declined slightly on the New | {York Stock Exchange this week in the third most active trading By EDWIN L. PUNNETT | | week of the year. ; ited Press Fins Writer f The market started the week with one of the widest breaks in! CHICAGO, Oct. oe Grain fu- | more than a month, However, it quickly righted itself Tuesday and tures traded at Chicago closed the continued to recover with the industrial average moving to a new ek thes graggily of The oul high for the year. Toward end {jon hout the week, finishing '¢ ug! ause o e outof the week, prices eased from ng gain of more than Jock for husn farm price supports this level. ints. Steel shares moved in an year; Trading sentiment was mixed ar tashion. Bethlehem had At the close of the Board of considerably this week. Market yo) joes and U. 8. Steel racked 1Tod¢ last night the December | experts are divided on the dura- up a slight gain. contracts compared with a week [tion of the steel and coal strikes. ~, iomotive stocks, after moy- 280 were as follows: * Wheat,

The Outlook in Europe Expecting U. S. |Struggl

land, and negotiated reduchigh as 50 per cent, it became : \

istration meant business when it/they operate squeal asserted that world tariff barriers uniéns in their plants must be lowered.

America’s Destiny

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France—

e Over Tariffs Politico-Economic Fight Clearly Indicated in Annecy Parley

and more U. S. manufacturers

squeal. {mands for tariffs which will That forecasts a showdown tect domestic employment will in-

fight in Congress. As American crease. That's history, Congress tariffs are reduced, as customsiwill react.

reductions ia

* * Americans accept Dandy in Principle import duties under the recip rocal trade agreements as .dandy in principle. Isn't free trade taught in the economics classes in all high schools and colleges? Yet, once tariff reductions get low enough so that they're effective, so that goods come in, then the manufacturers, agricultural and

I ton t any. Lon, we can maintain our exports dure

tion of duties on specific articles. |!n§ the postwar period of adjust

ment. But ultimately, Western {Europe and the rest of the world must economically selfe supporting so that they will be {(a) politically stable, (b) mill {tarily strong, and (¢) therefor® able to fend off Communism. That's what postwar adjust-

At every opportunity over

tradiction of America’s practice and status. We sell more goods than we buy which puts other nations into our debt. And we collect dividends and ment means, both for Europe and interest on existing debt which itor America. Only if Western puts the world still further |purope 1s able to pay its own into debt to us. way in international trade will The Marshall Plan recognizes if be able to buy the cotton, to-

the contradiction—by supplying bacco, and industrial machinery dollars so that foreign countries America has customarily can buy American goods, so that! ported.

What may well happen—and probably next year—is that enough groups will be sufficiently injured by the administration's tariff program to force an all-out fight in Congress. Many Democratic Senators and Representatives will be torn on the one side by the program developed by the President, the State Department, and

the Rcoomie Co-operation Ad-| oy erican industry: If a tariff n and on the other... .o...q it had to be author side by their political fortunes in ized by an act of Coit or re-election. What will their con-| . mendment was narrowly de-

2 stituencies say? feated. But it will certainly arise The issue was foreshadowed In again. Congress this year. The Republi-| Yet Truman must risk it. No cans tried to insert a “peril point” President, if he 18 to desl with clause into the reciprocal trade America’s destiny as a dominant act, calling for congressional economic and political force in review of any tariff - reductions the world, can afford to stop with which threatened the business ‘of the Annecy agreements.

In time, America will even have

Many-Billion Gap to make a decision on military

versus economic compulsions. We're exporting goods at the rate of $13 billion a year and importing at the rate of only $7 billion (see chart). The difference, the dollar gap, cannot be made up through expenditures of tourists or through purchases of services,

such as shipping. | We of-co Bend Some and some sections of the coun-

capital abroad under President Truman's Point Four program. But the maximum conceivable export of capital, even giving imagination full range, would be $2 billion a year. , So, as part of any solution, America must either buy more or sell less, or both. To sell less means depreasion for some industries

try. Consequently, America must {make a psychological adjustment, (We cannot raise tariffs every {time a foreign producer finds a |point of sale in the United States; we must encourage rather than discourage imports. But good eco= nomics isn’t necessarily re-eleo-tion politics. Which is why the tariff is due to become a fighting issue in Congress and at the polls in 1950 and 1952.

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{At one time, the majority agreed 4 mid-week, 32-13% a bushel, up % cents; corn, that it would be of a short dur- 8 > > HAIN avund min and $116%, up 134; oats, Tle, up 2%, | jation, but this feeling has ,... generally mixed. {and rye, $1.47 (bid) ,off 14. changed and opinion in the street) (; ities, oil and motion pic-| November soybeans Closed at {now is about evenly divided. ture shares were moderately $228%. Off 13 cents a bushel, { Boosts Dividend higher. {and October lard at $11.70 per| | Bisewhere on the economic ————————— Pee oashaigee,. eh ifront, corporation reports ap- ; a [ron ie favorable. and, in- 18 House, 8 Lot [Fitutay. on buying Shia {dustrial production continued on i i 'an even Ps Douglas Alreraft Sales Announced /the new farm bill. May and July | reported higher earnings and a Agsociated North Side Realtors Wheat sold at new seasonal highs, | boost in its dividend. American yesterday announced the sale of And December oats at its best) Telephone also had higher earn-iig noyses and eight lots in central price since mid-January, only 1 7 | ings. Barnsdall reported better re- rnajana. [cents short of the seasonal high. sults. | Edgar FE. Brodbeck sold houses) Soybeans Lead Upturns | | President Truman's remarks at 5450 Haverford Ave. 114 Bey-| Soybeans, however, led the up-| that he would request a boost inijjle Ave. 3116 N. Colorado Ave.'turn and ultimately three deliv-| taxes in January depressed the and 1440 W. 28th St. eries sold above the computed

000 level. fewer money worries than his yoo cautioned not to speculate bullish feeling in the street, but! A H. M. Graves sold a lot at!loan level, Chicago basis. But There may be some who will boss. about their business, said farm. Jome quarters were of the belief 594 St. and Primrose Ave. a lot this market reacted sharply on| For wr N - ers could be expected to bring LNat this move will die in the in Sylvan Estate at Chester and fears Friday that tenders on No-| oor SYSTEM g unsheltered hogs from fields to NOPPer. Congressional approval of g5th Sts. and a house at 5720 N.'vember beans may begin early Mea CEs ¥ _ market before weather turns JS BroUp Alr Force bolstered the Oxford St. in a cross-sale with next month, t cold market considerably Wednesday. IF. C. Tucker Co. Buying began in all grains with | and JOHNSON PRODUCTS | : 4 Industrial production held just! oth 1 vere: the a t by Senat d » INC, Eastern and local demand will ef Sas Were: STetmen te Me Wn omen RI 9 i ldepend on the weather, too 00Ut around the same level as willis Adams, seven acres on House conferees Tuesday on the, Ww . 3695 135 E. Ohio St. iwholesalers sald. COI . weather 18 Vall Standard & Poor's in Ww. 44th St.. Butterworth '& compromise farm bill. Until that Indianapolis 4 { us

production week was estimated at 140.9 per gay Cash, a lot in Meridian-Kess- mostly lower. Routine developcent of the 1935-30 average, lowest jor Terrace division, and a lot in ments attracted very little attensince June 1, 1948, and this com- Williams Creek in a cross-sale tion. pared with 141.7 last week. ‘with Kellogg Realty Co. | Sentiment recently was affected Fuel Oil Stocks Up | Driscoll Realty Co., 623 W. 40th by the decline in soybeans, but Civil Engineering Awardsgt and a lot at 7305 N. Meridian Oats continued firm. Lard folshowed a sharp decline from the gt: Fieber & Reilly, 5941 Crest- lowed the trend in beans. previous week. Engineering News view Ave; Russell Fortune Jr..|

Record stated that awards thisiy020 N. Meridian St.; Fred Hill ine i week amounted to $121,542.000(co, and KE. C. Tucker, 5867 i Sherwin Williams Net

: .p. Spitfire engine. di Roe i The t 2 {sion relay t ill step off the ag Amn 1. Martin 22 aqui: $143607T000 a weekiNew Jersey Si. in a crosssale; Dips fo $7,645,411 4 8 lelavision Yeiay lower WiL'S : " hs as {F. M, Knight Realty Co., 6500 W. SITCIWS 1. tour jumps between Indianapolis and Dayton.| (UP)—profits of Glenn L. Martin| Fuel oil stocks showed %n I ie Caio W-| CLEVELAND, 0, Oct. 22 (UP) |.

~-Net profit of Sherwin-Williams Co. in the fiscal year ended Aug. John Max, 2640 E. 40th St. and |31 declined to $7,645,411, —— 6112 Estate Ave.; Bruce Savage $5.75 a share, from $0,283 797, the coal situation. Co. 2857 N. Delaware St. and|$7 a share in the Rn or Retail trade in the week ended . yearn, {3715 Euclid Ave.; The Spann Co. it was announced today. Oct. 18 fell 8 to 12 per cent from 3 Trade so t two lots in 2000 Hovey St, and| A. W. Steudel, president, told urces al" gord Woods & Co., 1332 Burdsall (stockholders that Sherwin Wil|Pkwy.,. and a lot in Arden divi-/liams sales volume for the year was down 7.8 per cent from the previous year partly because of price reductions effected July 1.

{Georgia St.

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Changes on the New York Ex- NAMED CHAIRMAN were about evenly divided! Indianapolis lawyer Alan W.

{the feature on its favorable news, wide drive of the University of {jumping 9 points te 71. Other'Michigan Alumni Association to |alrcraft manufacturing stocks raise $6.5 million for the estab{weer also in demand and gains lishment of an atomic research ran to around a point. : center at the University. Rail Equities Drop 2 oma Railroad equities declined gen

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index this Teeters, 2030 E. Kessler Bivd.; time trading was slow and prices N=

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