Indianapolis Times, Indianapolis, Marion County, 2 February 1950 — Page 14

a ——— Today in Businessme. EIT _ Labor Could Be" ty Aviation _ Big Stock Buyer

* There's Enough Cash in Unions

# To Give Market Terrific Jolt : Capital Jaunt

in By H. HAROLD H. HARTLEY, Times Business Editor. Seeks to Adjust ; - WHAT WOULD happeh if organized labor decided to CAA Payment for

take its plump piggy bank down to the Stock Exc change and * Use of Facilities

Ale

Labor has enough money to give the stock market a Alrport expaniion and improve

terrifying jolt either way, up| ‘Legal Latin. eral red tape is blowing up or down. But this premise "Ev yirninG wii have to be stall. has to do with the possibility done about the mysteries of legal, They have been seeking

and $4 billion. their lawyers’ offices to have ex- way at Weir Cook.

THIS QUESTION really belogs to Dr. Alexander S. Lipsett, labor editor and economist. {difficult. They have a’ steel-edged ‘out_quorum yesterday, thre

to do. been stymied.

eral Motors, or Du Pont, or the out for the business of the South. oo = oat

gravh.-Co..or the movie industry, together to- work-out -a-merger —

‘{plained to them what they are For more than a year, they'v

With that much money, labor exactness. Example: meinbers present - “revved —up”] - could, theoretically, wrap up Gen-| Two railroads were {IGhUDg If 41) about a trip 10 Vasningo deliver hear in Northwest Indianapolis American Telephone - & Tele- They decided to get their lawyers strong enoiligh protests to snap| bear a Corydon. Co, Inc, label.

Board Plans

buy info American industry. - The —Indianipolis — Board — of

its hard collar and map the cold sweat pebbles off its brow. Members plan for, Wefr Cook

irene ENE, Ut the prop wash of fed-|

buvin language. But don’t expect it too “rightful” equaliZation of rent the oar i are padded! Joon. 8 Civil -Aeromautics Administration with the rich green stuff we use|’ Clients, after agreements are pays for use of city-owned build-| to pay the’ grocer, between $3. made, still have to ge back tongs and a new G500-foot run-

And lawyers can make things Although the board met with-

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Those hammer: echoes you

The “Corydon firm and its real estate brother, the Acorn’ Realty Co. are oogming home construction along Exeter, Somerset and Rochester Aves, and 11th, i2th and 14th Sts “The companies, headed by

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THE, INDIANAPOLIS TIMES LTE

Seek to Build $70 Monthly Rental Project _

Somerset Court apartments . . . a $96,000 proposed addition. for Indianapolis home-seekers.

120 economy-pricsd homes in The petition will be ruled upon that area. Feb. 27.

Yesterday, they decided to Designed #s the Somerset

supplement . “their individual Court Apartments, units in the dwelling development by erect- projéct will rent for. $70 a ing a streamlined; brick veneer month. The —construction—is 16-unit rental project from i418 FHA financed Jonn Otto said. to 1146 Somerset Ave, Eaeh apartment will contain The. Corydon. Co. filed a two bedrooms, a. 159 by 13.2petition seeking a variance to foot living room with dinette

future.

thie Science Clubs of |Scripps-Howard activity, - ea He will go to Washington,

ning Mar. 2. All expenses will concluding competition for $1

and ‘the remaining $3000 to distributed at the discretion

the judges.

Included in the rental will be mica-topped cabinets, auto- trom Indiana. His and the

matic oil heat, electric hot water other Hoosier entries automat.

4 Joel Dean Finegan of Gary has . {the makings to become one of the |nation’s_great scientists. of the ;

® | Today ‘the i8.yearald Horace - | {Mann High School senior was named one of 0 Shale > the ininth annual jerice Talent |Searen sponsored by ing: house Electric Corporati Fang

C., for a five-day institute begin- -

paid. There the finalists will enter

000 in scholarships. Top spot carries. & four-year $2800 scholar. ship, second $2000, eight-for $400

be of _

Mr. Finegan was chosen from § ‘among 2245 entrants in the country, some 75 af whom competed

“heaters. washing machine, stove |ically are included in the third

| Times, The Indiana Academy

{Indiana Science Talent Search {sponsored by ‘The Indianapolis

{Science and The Indiana Junior

Labor wouldn't be labor any| They are gun-shy of Govern: The s dittefence approved” more. It would be capital. And ment antitrust prosecution. B

vice president. and engineering {of -the street. ‘Sommer sald,

to the Indianapolis press and, of is that they will. begin to use radio corps about cars, past and [their tremendous power against * future, the public. interest. That's why He told how much attention the Government goes right on GM had paid te our left foot. The! imaking little ones out of big/,

control tower at city request. Questions Fairness

in the Oakland days, Ae dimmer Freezer Weather ‘conditions, We want our due.”

éral Motors sar. |pliance man at 2740 Madison Weir Cook, (Ave. In January of 1949 he sold . Navy Rejects Plan

in the last 40 years the engine|that was good.

Actually the engine has crept| This young, go-getting .com-

which hide the.road, he said: first year. Mr. Webber builds his proposition. “Tt isn't tHe fenders which Keep OWN deep ‘freezers, operates 11 L the driver from seeing the high-| ‘Tucks. way; it's the hood. And the hood's| And: not many years ago he being lowered every year as en-! gines are redesigned and made a

"THERE'S an empty seat in the {drop last year to $354,463 from jatest pl for the stri Orchard School kindergarten to- $994,065 in 1048, the preliminary! nen: worll k ’

y. , Lipstick did it, today. { Last. night a S-yearold girl Mr. Somer said.

|estimate of the company revealed hefore we go. to Washington, | The compAny took a deprecia-|

Sioux warrior. : 4 “Neither soap and water “or|" This May give vou an | ea 0, Id cream would take it all off. how much a company can x oF Hoster er Sales Room

esult: the §-year-old is still g|left when it gets through with ~- Sioux warrier today. axa and fixed charges. " Robbed Second Time

i A 31

“BUSINESSES ought ts keep up ported Vestardayv. (hat 1648 had today.” With the tools of communication. seen 11 per cent fewer new busi- They entered through

car. {South Carolina. desks.

call, he tells what happened as he cent from 1947. So when you hear Hoster’'s in recent weeks, Tw

At the end of the day he. ropa capital, you'll understand, [falled .to open the safe.

“" d 1 The doctor is not in" and asks! eh b gugeiser dnd receints fo i 2 coms case today against 72-year-o if you will leave a message. The| pared with a ye o,

Cash bal. .. 04 8.918, 3 659,251, 40: can reverse the wire over a tele- bib debi | 4 uh 292.405. 300 233.658 167.306 Was the prosecution's chief wi 3

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: | g3e ; —— i 1 HT ———— Lot ON “wo Ld Jue? , oF Se % - EM AGO* vias 170d G on crf eee a re ~ i »

PARTLY CLOUDY AND fiouny AREAS

FOTOCAST XN ag didi AFFECTED . : : NC ATAto a ARTA nr We osteer [TFT snow

5 fh © ke : $ e a SA Sea, ip 0 HS ULL RAIN TM REGUS PAT.OFF, COM 19SO10W.L A WAGNER ALL MATS RESERVED. \L

“I# iv along this line where the nation's most active weather will occur during the coming 24 hours. A band of stormy weather is forecast from Texas to Maine. (See affected area). Rain from Texas to

"that's he. officul orecast,

TODAY AND TOMORROW—See that looping air front from New York to the: Gulf States. .

_ Boston and-along the northwest eoiif'y snow in 4 Hatfhgen=New England, Washington and’ Oregen=

& 4 "the delay, the board agreed. and take any one of them home’ “But,” sald one railroad presi- CAA Chief Has Power - without going broke. dent, "put it In words we can’ Firat of. il. the board wants 10 I think what the good doctor is understand.” - on Delos Wo Rentzell, top CAA pointing out is that labor could “That's not easy,” explained the nin iatrs itor... Thay want him 40 become a part of the risk capital lawyer. “Take a simple sentence p NE oyster a new lease of industry. And that would form from. the Bible, ‘He. danced be- SF CAA Duilamgs here. ah incentive partnership unlike {ore the ark’ Hes-the-onepirsomwho cortid anything the country has ever “Now.” asked the lawver.' doe: end-all this squabble and give the known, that mean he Saneed hefare. the ity its rightful rent on our build. p was WHIT, Or ne danced n & za at the airport,” explainec HUT PON T expect too much of’ front of the ark, or he danced Walter E Hemphill, newly reapthe idea, Labor is labor, and vel th K danced?” ‘ ‘capita oefore the ark danc pointed member of the board. “capital is capital. And never the See what I mean” - iy ; ia) Stwsinrshall meet except ‘across! The new lease calls for renta the bargaining fable. ‘Gre at Divide ‘payments—of-§17.014-and-annual "al _5 se of And if labor bought big chunks! WATCH FOR an increase in ee% of $8500 for maintenance o

ground and. buildings housing

. of industrial stock it would change the numper. of =~ big companies 8 i ; - color like the circus hawker's splitting off their wholly owned: AA kre: At Jr Soent. CAA pays chameleons. subsidiaries. only $968 annua

is the amount

“We want to see if 0s Army | “ " lis still interested in’ the $750,000, . Put” continues Mr. Hulman,

Sommer. “The {worked for a hard-to-stretch pay Strip” said Mr, {check for the’ “Power and d Light HY can’t afford Jo do it all

" First, however, "the board will Kiss roof Real Silk meet with AMison officials at P : | REAL SILK earnings took a weir Cook: gin Feb. 15 to map

“Then- we'll know what's what

And wire recording is moving nesses started {han ‘1848. ventHating duct and dropped to like lightning. One mpany in| Yet there were 85.491 which set the floor of the salesroom. Police] Indianapolis has wire recorders up in trade, hoping for the best. said they failed to break into the ~which- can - be plugged into the The states showing increases office safe but got about -$50-from: cigaret lighter on the dash of a were Eforida, Mississippi and ‘a cash box and from ransacked |

After the ‘salesman makes his’ The year was down 24.1 pert. It wxss the second break-in at

wirerecorded report” “tht Hig" ‘real ~ {tig “staying Th BARRE ne mailbox in a special contain. 304 bonds. Woman, 72, on Trial =—-The-0fite-liasit-Sha-nANE- wo Te — a9 0 5 STalotnart In Death of Grandson ANOTHER. DEVICE dnswers| rm a ! BEDFORD, Feb. 2 (UP)-—The

the phone for a doctor! It says WASHINGTON, Feb. 3 (UPI —Govern- State expected to complete its lapsed while pr cur

Minneapoirs-8t Paul ..

e Enea burgh

{road train at a crossing here.

John H., OG 30d Wis fon, Jark, are developers of more than

Warns of Buiing H In Flood Areas

Urges Halt to Use Of Low-Water Banks

= co , an help. amortize bonds the city * Indi NR Fload Control Commis-' wouldn't that spoil the party? Lo 2ome ot oem are getting, 2 Roated to constrict: the neW.alor today fssued an appeal to Inch by Inch A they won't talk ay one other. $260,000 office building CAA uses atop construction on, or along

LAST NIGHT J. M: Crawford, let alone walk on the same sids "0%: Board President Fred W.jow-water river banks.

Reviewing the damage dons by

The CAA refused to speed ap-/pecent high water, the commission: chief for General Motors, talked What the Government 18 afraid] proval of the new lease, contend- reed ' contractors, builders and

ing they operated the Weir Cook rap) estate dealers to refrain from

building on lowland property. Neither the d/nited States gov-

“It's not fair,” Mr. Sommer said. ornment nor the State of Indiana. ones. ‘They operate towers elsewhere in jp. enough money available to clutch wasn't enough, so back [the country, but don’t attach these pyijq enough levees to make

canals or ditches out of all the

button for headlamps was put on| WOULD YOU be thinking of The proposed Washington trek gi eanms which are being too nar-

the floor. ; {a deep freezer in the winter Would also enable the Aviation rowly hemmed in with huoses and! Now GM is giving our left Teet time? : Board to check Army status in| commercia / structures,” declared a rest, It has removed the eluten’ A lot of people do. aiding construction of the jet- Anten Hulman Jr. chairman of

pedal (optional) -on every -Gen-! Take Boh Webber; hustling ap: bomber test strip visualized ~at the commission.

"“We/are deluged with requests for Help from ' property owners

HE TALKED Tear engines. But seven deep freezers and thought! Plans for the Army, Navy and who have built where they should

jencroachment on the flood plains {of Indiana streams.”

we do not have and coyld not [employ enough police to spy out all of the locations threatened or damaged —by high waters Arter” construction is finished.”

Christian Reinhardt Rites Saturday

| Services .for Christian Rein- 6 * { —got into Wer mother's coNmetic tion in 1040 of $105,771 and paid! ptoe_Femarsposition?._Ra Hardt, 357 8

strongly backs his board's stand. {held at 1: 20 drawer, painted herself like 83235.000 for Federal income in the ¢ AA feud. He always has.| | Shirley p. m. Saturday in|

. Parker Ave., will be

Brothers Irving Hil!

Chapel. Wurial will be in Wash-| Fa

ington Park Cemetery. Mr. Reinhardt, who was 81, died!

[yesterday in his home..

tok Te oe ———— Tt —~ Would-be safecrackers donned xr Weinh 2 native y Re Cate mars at Tirivid Deo ars oF 3 Tinton s “climbers” to scale a as Dative of really stay on: RISK CAPITAL continues to utility pole to the roof of George 4nd had been a resident of, In- . Wor ds on Wire : be timid. “. Haster, J Tie Tor i dianapolis since he was 18. He Dun & Bradstroét. Inc, re. at Broa pple Ave. early was one of nine children... Em-|

ployed 43 years as a machinist by! 2. the Pennsylvania Railroad, Mr. Reinhardt retired in 1931. He was a member of St. John's Evangelical Church and Capital City "Masonic Lodge.

his widow, Agnes; five nephews and one niece

“drives along to the next customer. the plaintive yowl about fnvest:; Weeks ago Intruders broke in but « Howard F. Lamson 3

Services were being: arranged: “Today for Howied Frank Lamson, | 3934 Guilford Ave., who died last|U might in” & parking garage at 43 E. Market St. He was 61. Police said Ms. Lamson éol-| esenting his auto! claim check to an aftendant. He

This yaar Last year Mrs. Ida Sturrock, accused of was a General Motors Corp. sais

Mr. Reinhardt is survived by

Construct "this $96,000 project ~~ attached, bathroom, utility with the City Zoning . Board. room and electric kitchen.

Heavier Grade of Hogs Up 25c in Active Trade

trade was active today with bar- and $24; common and low medi row: and, gilt ‘prices in weight um, $17 to $21.50. No high good brackets of 240 pounds and less or choice cattle stock was offered steady with yésterday's best sell-| today. ing rates, : | Cow trade was fairly activg and: strong. A; few good beef cows sold at $17:50'to $19; common and! médium, §15.25 to $17; canners and. cutters, mostly $13.50 to

Heavier grades ‘were steady and strong and in some instances showed 25-cent price increases, pounders sold at $17.25 to $18, to $11 and $12. with majority sales at $17.50 and| up. Stock in the 235 to 270-pound| range sold from $16.50 to $17.50. !

_ Sausage Bulls Gain Prices for sausage bulls {climbed 50 cents to $1, but other

near 235 pounds, sold as high as good sausage bulls brought $18 $17.75; 270 to 340 pounds, $15.50 1, $20; cutter and common, $15.50 | to $16:50; a few at $16.75. 100/to $17.50; good heavy beef bulls, to 160 pounds, $13.50 to $15.50. tup to $17.50; odd medium weights,

Sow trade was steady dnd up to $18, Vealers were active [chee

strong, with 330 to’ ‘550-pound| and steady, good and choice grades selling at| Good and. choice grades. $12 to $14; choice lightweights, brought between $32 and $36; $14.25 to $14.50; over 600 pounds, common and medium, $20 to $31, $11.50 to $12. mostly for weights starting upCattle activity also appeared ward from 2300 pounds; and odd

the Allison Division of General have never built in the first place. strong'with some sales indicating culls, $12 to $20. has moved. forward inch-by-<inch.| Last month he sold 54. {Motors Corp. to build the run-} “This commission is charged,

a 50-cent price jump. Truck-lot; Demand ‘for fat lambs was

way after the city purchased land under Section 17 of the Flood good, near 1150-poiind steers, good in trade which was active. 17'5 inched over the front axle. Pany now does more business in yaee temporarily stalled witen C ontrol. Act, with the responsi“About fenders and high hoods | & month than it did the whole, navy turned down , ‘the bility of seeing that there is no good, $22 to $25.50; common and choice native classes, in weights

sold at $26.35: medium and low and steady. Bulk good and}

medium native yearlings, $20 to starting downward from 105 | $22, pounds, brought $24.50 to $25.50. . Small lots and odd head, ‘just! {A few heavier weights, common jana medium, sold from $17-to $24; * load good and choice 91-pound fed Local Issues | Western lambs, $25.50; two loads,"

FW = 1103 pounds, $24.75; medium and |

STOCKS: Bie Asked, 00d slaughter ewes, $8.50 to $11; A ef sisi ne BL Sh 3 choice lightweights, quotable to! rshire r com : Aries oh 5% ofa ser 4610113 104 © $12; common grades, downward fete rR & Stk Yds ptd : 60 { 3 % Bobs: RR & 8 Eva oom ae HW | Estimated receipts were hogs. |e Merrill ptd tas oo... Tala 18000; cattle, 800; calves, 400, and ent vi 40% ircle neater com .... we sheep, 1500. i 3 | om oan: 4% pd... a 8 Woon% ———————— ia {Cummins Eng pf . 38 100 INITIATION PLANNED °

consolidated Pinan 5 td vi 98 ta com a 1%] Degree of Honor No. 38 will

“initiate néw menibers in its 100 |monthly meeting at 8 p. m. today] 11 |in the Brotherhood of Locomotive

Hays Corp pid ww Herff-Jones el A pid | Hook eT & T §% pid

800. ago Bil Life com 30 12 1734 State st.

{ingan § 8 nga 0 5 =e Ancoln 4.6 ire vvin 88 : armon- -Herringion com .... 3% | Mastic Asphalt > fity omes Inc Sar vk en eee 12'% Nat. Homes pid. ws 0 NUInd "PUb Serv Jom 20% [N Ind Pub Serv 43% 21% Pp R Mallory com 1

Bee 09 13 %

Progress Laundry com Pub" Serv of Ind com

] ‘ 6% ub Sary of Ing 3 oid 86 Roos Gear Tool ¢ — 34 | *8chwitzer- Cummins oid. 18 $ Ing as -& FE oe TY | So BLE & 2 pid . 13 owed 4, ny Camg vig os { Tanner & Co pfd 91 ekxe Haute M sralitable Ss 8. Machi . wr 1% “Telennons $5. — by Union Tile Ci . wees B1

*Ex-div dena

Alen & Stew erican an dh 60 Aerie can ns 4198 Rasta Morley 5s esvi

| Biimer Pe J ruliiner Li B49

message {8 wire-recorded. Expenses. § 24.206,858,875 5 20,641.41 1, 3 murdering’ her grandson’ "an. Sn Sedipts ro 2LMOAT140 r 7 EE a where he: Sool: Ee Ten 7131. Stanley Owings, Mrs. Sturrocks is, through a supersonic whistle, Deficit - ... 258,145,936 son and father of the slain man,

Official Weather

| Indianapolis ansas City oy

Ne aw Qiieans Ne YORK: oii sins Oklahoma: City .. Omaha

Louis Washington. D. enn

KILLED BY TRAIN Times State Service NEW RICHMOND, Feb. 2— Albert- B. Conn; 65, New Richmond, was instantly killed today! when the car he was driving was struck by a Nickel Plate Rail-

25 YEARS cE THE WORLD'S FINEST Business Eaginaring

George S Wea Coma |

Central Division

phone, -and have his patients Soid Res GIESTERI IATN06100 ogy yesterday. He broke: down UNITED STATES WEATHER: BUREAU {74 Kone ” _.troubles played back. to him... .| INDIANAPOLIS. -OLBARING- pouss-.. ANA OPied- WHEN NO WAS SHOWIN. “mmm ii ssp dAAplaBalinars dy. 47 [4 152 109 onderful w al world, isn't earings o R Sunrise $.32 #8 | Kuhner”Backing 4s 39 -...... 99 vonderful . wor isnt it. ah 233.000 picture of his son, Roscoe. mami bo ma— ii BI aan 192 et : SSI Ths. We——— - (Precipitation 24 hours ending 7. 08 ™ 0 N Ind Pub Serv tas 7 LA08% 10T% | Total precipitation since Jan. 1 17 41 Paper A;t Co us 3 ~T d WwW ith I. i { Excess: since January 1 028 Public Béryics ke 8 108 108 | —————— ihe nl xr o ay’ S ea er otocas . # following. table shows the temper- Traction Terminal 5 LIB Cer Complete: i n High Low : LE a : : ; i Local Truck Grain Prices; With LL ~~ : 30 4 a garni mn, py fr 82 4 : : 3 i N d k wheat. $1.80, h <r wi orn : ] NG 3 fod ruck wheat ~ Attac ments 0a lie Mgt Fal I ' / No 3 yellow corn, 4 13 ya {le is \ ey No. 1 oats, 67c AL. Sar) : ’ ‘ v [Brae No 3 yellow “Soybeans, $2.08, re pe 3 A {=D As Orth. resis ; = { {q Al ROVY - 7 = . A

i 3

IT'S powible that CoINSURANCE can lower insuraneeé rate

areligl for eer lt this Agency fot details of rate reduction and other advantages of

~ GRAIN’ DEALERS

e a

| Indianapolis Stockyard hog medium heifers, held between $22

00k Drifg Co com - 1 11 Firemen and Engineers’ | Hall, 734 | ind las hr com ih a iil ndpls P & L ¢ Sea 3 2 DEGREE OF HONOR t MEETIN. nals B FI BY ite The Degree of Honor No. 38 Rdbla whe Se am an Hi 18% will hold their monthly meeting n DIY Water ¥00% a we J “joy Tat 8 po mat the Bo of LF. Hall.

THIS SALE SAVES You

1314 E. Washington st

If You Can’ t Coms In—Write or. Phone /

don crews will construct the | As a national winner, Mr. Fine.

newest apartment project here. gan will be one of some -' selected in the state to attend t Boy, 14, Who Shot Girl, {Junior Scientists’ Assembly to held at the Claypool Hotel

> Get Mental Test |Mar. 25. An array of scholar.

20 he be on

WINNETKA, Ill:, Feb. 2 (UP) ships to Indiana colleges and uni-

~ “A psychiatrist ‘will be asked to|versities are available

{successful participants.

examine Copthorn MacDonald, 14,! Mr. Finegan is an aspiri

who admitted he shot Nancy Pen) ppaneieg a has indicated a de-

field, 13, because she “made me sire to attend Purdue University, lose my best girl.” {For his scientific project he built Assistant State's Attorney 2 six-inch reflecting telescope

James Cherry said-he would call; in a psychiatrist, probably today and stars.

|complete with a photographic attachment to record the planets

or tomorrow, First, he said! He hopes his: work will lead Good and choice, 170 to - 235 x15 95 with occasional shells up authorities . Hope to gain the him “to a clearer Concept youth's confidence in . leisurly space, of man’s place in the uni-

{questioning at the Juvenile Home. (verse and of man 's relations Copthorn told police he shot! his fellows.” Nancy in" a schoolroom corridors

Odd’ loads of choice animals. grades were steady, Medium and |Pecause she told his girl friends Local Produce

“bad . things” about him.

of to

aan ee —

added that the “bad things worl GEEpTant, Teeioll 88 Toe, to, cass

true.’ ro Grade é ony iarge. Gite andi

Me T w! y |e “Bou itry—Fowls. 4's lbs. and over, he girl was recovering from a! a ™ and "leshorhs Prin

[han

bullet wound in the neck and and ran ie snd No. 3 poultry. 46 Kk. ! { tertat—No. 1. S6c; No. 3, $e

“5-Pc. Chrome Sets

First Quality Tables are 30x60. Heat re-

— Strained

Unc

Converte

Showroame=-318 ™ Washington St, OPEN DAILY, 9 to 6 * Monday & Friday, 9 to 9 * MA. 6905 CHICAGO—MILWAUKEE—PITTSBURGH—ST. LOUIS—INDIANAPOLIS

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