Indianapolis Times, Indianapolis, Marion County, 30 October 1949 — Page 17

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ritish Optimistic + Push Pork. |About U. S. Strike

ir Paper Says Wall St. Indifference Prices Down. |. popu sors well st. indlernee.

Calls Before Taking Action

By HAROLD H. HARTLEY, Times Business Editor Housewives . By 4. A. LIVINGSTON HOTTER BY THE MINUTE ia the way ustrialists Less Because of LONDON, Oct. 30—When the steel strike started in America 88 wore executives cleared desks, reached for their hats, they By MARION CRANEY Would it check the improvement 1 business which ot. Sen a gros | A left hook by husky receipts way prices to the canvas a a To hysteria long count. : the strike by appointing & ay dh Tired from weeks of sparring! Would that mean a decline {n/204InG BoaPe. FOP Truman had a stubborn pork dropped its price|y, 8. demand for world com-l, 7 cocked toward the guard. The largest supply of imodities? And would that in turn, ot snorting, squealing hogs MAr-|wipe out any export benefits Eng Big Steel still was sitting out its keted in 39 months were rushedijgnd might derive from devalustrike, and John L. Lewis ap- i So the lL + oan |*HO0T. : ! peared to be betting om a sure Cautious housewives helped pull) rye London Financial Times, thing, colder weather, Only that De ore On sug Which speaks for & large’ section and the settling dusk of factory a atests ainglot informed opinion here, now! unemployment ‘will make the less. Their facto hus. [notes the “apparent indifference “crisis” the Presidents needs to eds Might be tid off mo. [of Wall Street” to the “deterioact Pushed Price Down ration” in the labor situation. It goes on to say that U. 8. inves: nm A total of 58,620 hogs marketed Bad ofs tors and speculators must be asment store of steel,” reported 1946, culminated a week-by-week| 1. 5" temporary check to busibad spots, but Holliday was swelling of receipts to push prices| recovery.” . to the bottom of the barrel. on loin three to four cents lower > Tut Diamond Chain, Link-Belt in wholesale houses. Receipts Tasty ; British opti : E. C. Atkins, Chevrolet Body, week totaled only 55,075, but held ortages mism about > D. Adams Co, all were doing livestock prices to $18 top price, America may be explained by : amazingly well in satisfying cus- the three-year low set last Aprilithe British economy, itself. Here| President Truman may discover, - tomers in the stretched-out steel and tied four times since. wants of all kind still in the case of steel, that he has strike. They wers pulling no Retail pork and bacon prices/There are +|already wasted the prestige of his & punches, making and delivering are expected to feel the long-|food clothing short- high office. He threw He snd products as fast as they could awaited drop this weak andiages, automobile shortages. around too soon. By trying tof with what they had. weaken a penny OF two, A short-|ness men complain they can'tistop the strike before It starial, mill, in new hands, had its opera- was predicted to boost beef prices.|or install new machinery. If they started. And now it's a month tion nipped in the bud. It Despite last week's events, In-|have the capital, they complainjold, he is trying to end it prepared to turn out galvanized dianapolis meat tradesmen—fromithey can’t get government Ii-/after having once falled. Perhaps A steel, got caught with the strike|sew farmer to butcher—patiently wait|censes to build. The nation’s|there’s a lesson in that: tw wheels could for next month's business. Then|capacity isn't up to aspirations. |let the U.S. Mediation and Come po turn. the city will feel the brunt of the cllistion Sarvios try to settle dia 't sunk much of their bank-|boards in th largest peacetime hog crop on Britons know, of course, that [putes first and inferviiie Sl = - e public interest. A Tournapull in action . . . If takes 10-ton bites. record. Mr. Farmer and Mr. most American after a strike threatens to But apolls onl in sa ; Butcher agree — anything can| ompanies are mow going out |the economy. : 0 Gray Market ; sition to cash in, retrained from bi s Cc dill to H phen. dithine fiat arden: Shat Bremins on The strike reine jacking wp prices. They put n heir own ravoning sywem ot te 03] s Left oosier a ac 70 ave as Te 30 SPC | peared. Toy oe tow Heroics forced one baste ~ of the strike and wisely conserved stock piles. But that, - ats, for unsteady PriCes mightier retools tor tradition in U. S. labor: John L. they admitted, would not solve the problem forever. " Er D A 0 suddenly be shoved up, i farmers) oF the retooling for 1080 mod- |, ‘Co, Feo" wavs be counted on Nearly everyone felt confident that President Truman would . ; : . . onovan S WRer vert hou out, or down, if the| ®t Be EF HE Or own manu. |for heroics. In calling on the & step in when the time comes and solve their troubles. But business’ or Li Power Ti Ambitio i ; ar held out hog prices| facturers are compelled to American Federation of Labor SB ke ns new way Of 86t- re no longer masters of their Long- ime mbiion dropped as much as 50 cents. Best| Pott 75.per cent of thelr pro- |t0 suppor: the steel workers, thee In Chicago, Thomas J. Morton nn aestiny, but become slaves off Fuel. Supply Realized in Deal tweights dropped only 25| Imlon, DEULE doer eit [William Green, head of the AFL, . Jr., president of the Metal Trades| purine the week’ steel uc- : Next Tuesday there will be a sents, batt showed Signs of setting to Eng tar the jor Murray, Lewis made a grand ~ ‘Ausoclation and the Hoosier Carliion nas dropped to § per cent of Dwindles Steadily new boss at the Hoosier Cadillac A A ao ow In weakened| eychology of the sellers’ mar. |stand play for rank-and-file : - dinal Corp. Evansville, boldlyirateq capacity, retailing was feel-| With the miners still out, there| C0, 2330 N. Meridian St. He wil Best 2. ket here to a buyers’ market plaudits. Geo \ charged that industry-wide bar-inc the effect of too-cautious|Will be light and power in In-|Pe young Cadillac-trained B. F. § |scarce Er - eg 3000 miles away. Such calonlated eftrontery. gaining is creating “slaves of the, urges and warm weather. dianapolis for at least 63 days. (Bert) Donovan who comes up comme a _ ow Mr. Lewis “the AFL to orState” Strangest of all, Dun & Brad] That's the size of the Indian-|TOm Cincinnatl, ro 8 pach maa ae ree ee coaute the stikes 1a Coal andl) ooy.g O10. He quit. the ‘He sald, “Our economy is headedistreet reported housewives: were apolis Power & Light Co’s coal! C. M. Hammond and E. R. as much and canners and|steel are basic, the the Ho quik the toward national bankruptcy un-buying canned goods at a highiplle. Lindestaith, president and vies 1 Somtmons fell of GO cents to $1'fun out inte"every sampare of} Bessidetel ul Fhe : less industry is freed of thellevel despite the mbundsnce of| Yesterday the six-acre “pit” at/President of Hoosier Caditias CO. f Bulls held steady. Cow pricesithe economy. The attendant un-| 9Ppesed President Mesevelts ever-increasing burdens and re-fresh fruits and vegetables. the 8. Harding St. plant was still fr 16 years, told the Cadillac | Yeakened. Vealer prices dropped|employment has pulled down de-! osheotion i Ii, snl WES sirictions being imposed by| ® Pantry-wise coffee was on its [12 feet deep with 162,500 tons. Division of General Motors Corp. | ET cn tate Pies fel re: Bir a Teloiued the AFL. 3 In Doosmn- ' 1 ‘some time ago that they would § : . , Chi 8.4 : Ererment 3d Roiopoeie way odo 8 ton 0 Sur rey Gung th, ol rk 2 0 0 er | i Co Lae to arin vo | 5 101 Thee te 251 “When a workman is no longer| dozen in thres weeks, and pork away, trucked to other plants. The owners announced they had Ls no sufter: Mkawlie: stecl em Bln free to work and management is| was getting more nlentiful and | There is no reason for the pub- nt. hare Shey NS then, of itt: en oi der the Taft-Hartley act, he no longer free to manage, they! cheaper by the day. Ue So SY ria Seal 1t 8 dust Interusts and ‘asked the . . . industries will feel the contrace “etsfilatut Now he wants 4 id Sass Sh 3 home office to find a buyer. It on buying power, in spend- “affiliate” with them furnaces and stoves. IPL mixes| ‘Wh Cotv ona) ton man for Out in Grains ing. :

boilers. the rich Indiana territory which spills over into a few counties in -_|—_ 2500 Tons a Day Illinois. But Cadillac came up. "Ber" Donovan . . . The coal is removed at the rate with Mr. Donovan who joined the Cadillac boss of 2500 tons a day. Half of thiscompany in 1933 and has been is used at the 3600 8. Harding|district manager in Cincinnatijon Indianapolis for some time. St. plant, The other half goes by|since 1940. truck to the Perry-K (for late] A World War II lientenant compresident C. C. Perry, K for Ken-/mander, Naval Supply Corps, he/Was number one. It is my realizatucky Ave.) plant and the Perry-|is married, the father of two chil-|tion of a long-standing ambition | |W plant at 18th and Northwest-|dren and is home hunting here. [to be the Cadillac distributor in § lern Ave. Mr. Donovan had had his eye|the biggest town in Hoosierland.”

ort in lon moist Spey ok List Closes Higher Despite Mild Profit-Taking

the powdered coal which makes Steel and Coal Strikes Ignored by Traders;

them so heavy they can’t move. Industrials Hit 15-Month High

Heavy-duty Caterpillars push them over to the crane where the coal is loaded into trucks. IPL is getting some coal from non-striking Progressive Union By ELMER C. WALZER, United Press Financial Editor NEW YORK, Oct. 20—Stocks advanced steadily in the first|” SMS FORIT rors podamper| De endurance of every one else.ithat 1950 will usher in a major four days of this week and then ran into mild profit-taking. oats sold for 73% cents a bushel. President Truman SnAvu aly slump pan the heavy industries The list closed higher for the week with sales at the highest levelim 0 yong for wheat were-March/had mind when he firstand in the economy as & 1 since election week of last year—just about a year ago. The general $2.16%, May $211% and July|intervened in steel. He postponed'whole. ; pie

miners in Ohio and Kentucky. average made a new high for the same period. And at the high, the $1.96% a bushel. ’

::{it with air, sprays it into fires under 5-story

RL ERX AA

a : This 1s an By EDWIN L. PUNNETT Zinc of the a ae

oral Press Financial AGO, Oct. 29—Some new|penetrates to other industries. seasonal highs were recorded in{The steel galvanizing industry Stain Iuiures rican on the Bousdiancountis for about 40 per omy ¥ of Trade early week but thejof U. 8. zinc consumption. A I always felt the distributorship| 3% TIRC0 SPE TO Week Bo et sign of a steel strike, Ee N the last few days by sharp losses/ments of zinc from the smelters in soybeans. fell, At the same time stocks At the close of trading lastirose. Zinc prices subsequently|contrast, night, Soybeans generally sold five|dropped. ling Iv Pu cents a ower than a week urth- strik sharply, Furthermore 0. Novomber beans sor Thurs- terns Sovth-round ‘atiiks Wavel,orts und by federdl, day at §221% a bushel, the low-'tinited States has not yet/"tate, and local governments are est price in two months while 5ohieved a workable method for|{Stll “he July beans sold down to $2.20, a dealing with labor disputes di-| So, there's a cushion : new seasonal low. rected, really, at the public, the decline in expenditures by in. Other grains declined with 80y- strikes in coal or steel throttle/dustry in general-now that a beans after all deliveries of oatsi,); jpdustry. They are not tests|good part of post-war expansion plus March, May and July wheatiss strength of employer against/has been completed. : had sommaifen the highest prices employee. Rather they're tests of of the season. ,

New

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Thus, it's too soon to conclude

presented a bronze plaque to W. T. Kelly, Greenwood, Ind., Dealer-Planner

LE Craig, Chevrolet zone manager, last week

Even at the new plant 18 miles southwest of town on the White River there's plenty of coal with

committeeman. From the left, are N. K. Akers, zone organization manageF; C. C. Mangus, assistant zone manager; L. E. Craig, zone manager; P. W. Hanna, city manager, W. T. Kelly, Greenwood,

Ind.; Paul Tippett, Crawfordsville, and Miles Houser of Bluffton.

This goes to other plants and it costs a $1 to $3 premium. IPL doesn’t buy much. You Can’t Use It industrial average set a new 15-month high. Reflect Lower Tread only one unit running. Traders ignored the steel and yo "Ta ite dividend. The most recent selling in soyFor 63 days, or more, therecoal strikes. Each day rumors... company increased its divi-|beans reflected a lower trend in will be light and power. But don’t|circulated that President Truman |, ;, the oils and Standard Oiljcrude vegetablé oil and in soy-

o —

This week about 30 florists, members of the |ask IPL to lend you a ton or two. will invoke the Taft-Hartley Act (N. J.) paid a higher cash divi-'bean meal which sold down $1 Bloomtown used Fiorists of Indianapolis, will doll up|It won't burn in your furnace, to bring the steel workers and, .q thats the Bb quarter. [Friday for an aggregate loss this Enjoy an sdlive life windows, compete for National Flower Week prizes. any way. coal miners back to work. Coal output was about one-sixth week of $2.50 a ton. Earlier, sell- Work herd = Play hard Decorators from L. 8. Ayres, L. Strauss, Wm. H. Block's and Late Friday at his press con-|; year ago when the output was ing in the futures followed a oy ASKS Al 1 H. P. Wasson's, will tour the town Wednesday, grading displays 28 H ouses 7 Lots ference, however, the President nearly normal, Electricity output break in the cash bean market, NBELIEV COMFORT ry on color, number of flowers, ingenuity of arrangement. r aw ho gatioual emergency that{was below the previous week and i" Buying nea by a fash ® CAN'T SLIP or money back | As to work this week * Wo! cause such action. a . Crude oil production, ho esda; 3 yd. To EE ar Boris | toot. Extra spss was gained by/S0ld on N. Side or Gout Sears |Eusoline output, and tue oil out-|connection with an _estimated SPORTSMAN] windows. It will be in party|"PECHCIAE C8 MODY iening| Associated North Side Realtors! yreantime, an industry was|BU exceeded the previous Wook 80 sale of 1 milton bushels of hurd ATHLETIC TRUSS] dress at a time when flowers are yesterday announced the sale of Say Spe, demand for oil products increased | winter wheat for November ship-| ! box office appeal with cider, heading into paralysis. Steady ment to Mexico. Your money back If not softsfled.

to offset the loss of coal. Car loadings rose over the previous week, but were below a year ago. Retail trade fell 8 to 12 per cent from a year ago. Wholesale

trade also was under last year. Business failures increased mod-|active commission house buying

erately. over the previous week and some short covering. July

bove a year|oats at the top were about six and were sharply above y a I ou

most colorful.

# ” . SANTA COSTS BUSINESS big money. It is hard to believe but the practice in business of giving presents to best customers is hitting the business bankroll for about $97 million a year. Fancy hams, champagne, boxes of fruit, Vermont smoked turkeys, liquors and custom-made ties, tricky gadgets for the home, office, golf course or riding stable top the list.

doughnuts’ and comic books (at 28 houses and seven lots in central

Indiana. Pendleton Pike) and free . . Crackerjack (at Greenwood) to| American Estates Co. sold

houses at 5002 N. Meridian St. get a load of teen-agers tomorrow when the market was rising. The night (Halloween) and keep gar-|oo+ IE. 36th St, 4025 and 5868

bage cans from being upset. The oT at Dt DS TourdaY me a aging ighhorh oe ie Tore St, 51 E. Kessler Blvd, 5332 Park Pacoms 2 ore than of Fis : oh ‘Ave. and 6124 N, Meridian St. ye

% "points. A few issues showed Door counters at the four Jus sas. Wn 8 cross-sale With At-|; ch wider advances, but they

electrical homes, shown by Indi- Bruce S were the exceptions. avage Co. sold houses snagolls Fowsr 8 Light Coley Goss N. Fopmsyivanin St, 835, More, 42 4 Dundre seas tallied. B0,000 visitors| Whittier Place, 6130 Crows Nest a Ie gd oe in ) Drive and 6131 Olney St. the last| J ¢ J\8 FRR C7 oe Sa PITTSBURGH, Oct. 29 (UP)— na cross-sale with F. C. Tucker ership. Chemicals were wide TP® Allegheny - Ludlum Steel Khar Bales: Were: gainers. Autos, steels and utili-|COTP: announced today that it

erosion was noted as steel and coal became scarcer, Trading broadened sharply

Continued light receipts at leading markets was also a factor. However, the aggregate trade for the week was not heavy. Oats went to its best prices on

NO PERSONAL FITTING—BUY IT OVER THE COUNTER.

Also Finest Elastio Stockings , . . Abdominal and Sacrelline Belts IDRECT FACTORY DISTRIBUTORS ~~ WE SAVE YOU MONEY

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IMM Er ERT WARS

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AAPA WA EAN FG Naa

Allegheny-Ludlum Reports Net Loss

er prices for new crop cash corn. Rye was guided mostly by the

correctly, that most people

the Indiana Bankers Association un themselves through careless-

The railroad points out, and|Cash, two lots in Canterbury addi-

tion; Gerdenich Realty Co., 7056 Central Ave.; A. H. M. Graves,

n ties displayed strength. The lat3 Tore meeting mild selling on Fri-

ter hit a new three-year be-

Rail List Oft

United States Steel, Chrysler! and Du Pont were among the

operated at a net loss of $183,341 during the third quarter of this

year. . Sales for the quarter amounted to $21,861,557 compared with net sales of $31,438,352 in the third quarter, 1948. Net earnings for

action of other grains. December developed independent weakness lcompared with other months on rye here. (Advertisement)

reports of deliveries of Canadian u

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last week, passed along. the small inegs at crossings. But the rail- Inc. 3226 and 3241 N. Tacoma stocks making new tops. Allied amounted to $1A0SST, Opportunity loan pattern from the Indianalrgad gets headline credit. So the AVS: ] Chemical reached 200 for the first wpe company sald the third Association of Installment Credit|B & O. is educating those who Harry L. Robbins, three: lots at|time this year. Some of the rails uarter loss represented a con- Seeks Man Companies, Inc, live mear the tracks, and cross|/400 N. Pennsylvania St. and two held small advances but most of National distri He 81-—-Hatli % lots on 86th St. the tinuing drop from the second buting bok for $3—Killer whale Last year $66,410961 was/them often, to Stop, Look & ot? 70 FCB Fe FORT RennayIvania) Er) Wese Dit on the week, quarter when sales amounted to for a prominent national manu-| cerium $4-Siberian river loaned to 370,682 applicants by |Listen. Track neighbors get killed | tthe SEANR C0. The. & BOUeR) Corpor mt a vor, $24,187,551 for net earnings of facturer seeks man: to build and) ''~Treneh iurel $8 Weight of Indie own B54 Srms 1 1ndiana, Rest, . » St. and Broadway: Walt Veon Con |companies-—U. . Stel and. Bet. | 175% Speratehis olin gales pr gauizgtion a- Soa thee big Eo iimomben » - » oy . - Most loans (39.93 pef cent)| gy gGER REFRIGERATOR(6111 Broadway, 3435 N. Wallace|lehem—reported smaller earnings SALTY REMINDER io India GE ome were between $200-$300. Next was| so, in the first eight months|Ave. and 6154 Crittenden Ave. |in the third quarter than in the| CLEVELAND, O., Oct. 20 (UP) |Carries high indorsement of JB . “1 Sihamohte * he J300-00 loos Hrasigets 20.38 pet showed 10155100 in sales, up p11 the last Ad a cross-sale with At- Jecond snd Sach phaintaine its|-—~When the Union Sait Co. moved fessional authorities and wilh 3 Crist" And 29. cent borrowed per cent over the same period last kinso us end. ects of thelits plant, it left a block of solid homes insti- ’ between $100-$200, nrg hy Robert , Walker, 212 N. Pasa- [steel strike which began Oct. 1/salt eight foot. thick Where M8 |iations as ital beth ond m sesdiement : * Seeger is completing a $1.5 mil-/dena St, and Ford Woods, 7024|will be reflected in the fourthievaporating pans had stood for|fort aid. The man who gualifiies pu ry A : 067 Next wa lon warehouse and_factory InTrostvoy ud 944 East Drive, guister reports 5 years. : for this opportunity is & mature, TTP 967. Next was automo Evansville will house 55,000 Woodruff ho . The auto makers had the sensa- personable, sincere type who J TY i 832 loans for $15,383,138. Unse- household tional gains in thelr earnings re- Expect to. earn $20,000 » yeat or [* [= 7 me : ; S cured notes accounted for 74833) CENTRAL SOYA 00. INC. Omar, inc., Buys . General Motors set a new more. Will be furnished with wy = ° loans totaling $10,740,193. Ft. Wayne, last week reported Bak : record for any corporation when tested operating plans, and 8 7 : i. og ery in Peoria it showed a profit of more than a ported with aggressive advertising $170.16 compared to $172.20 the|sales tumbled from $104,107,600 to| OMAHA, Neb., Oct. 20 (UP)—|Balf billion dollars for the first and sales materials. Will meod year before. And sales finance $95,423,145 but profits Purchase of a Peoria, Iil, bakery 2in¢ months of 1949, capital of $3500 to $5000, ar companies did 84.66 per : , Clirysler and Studebaker had rogrebot pres amipee. sharply higher earnings and No franchise fee involved. Reply OU : i with perience ahd ] personal reference (to bo ghcked cke pater with _perQiscussion. nl Sdress = ; _ | Manager, . Enquirer 4 sshd