Indianapolis Times, Indianapolis, Marion County, 12 April 1950 — Page 1

Page PDF (7.71 MB)

Back to issue view

FORECAST: Fair and cold through tomorrow. Freezing temperatures and frost tonight. Low tonight, 26; high tomorrow, 45,

61st YEAR—NUMBER 31 : WEDNESDAY, APRIL 12, 1950

Entered as Second-Class Matter at Postoffice Indianapolis, Indians. lssued Daily

~ Find Big Oil Slick But No Signs

PRICE FIVE CENTS

Of Life ).S. Fliers

A ————————.

13 Bodies Recovered After B-29 Crashes At Atom Bomb Base Entire Crew of Air Force Superfort Killed In New Mexico; AEC Imposes Strict Secrecy

| | |

In Baltic Hunt For 10 Missing |

i Push Search for Craft That Vanished Before Russ Reported Air Due

One Float Appears to Have Upset; Navy Privateer Disappeared Saturday

bring out ALBUQUERQUE, N. M,, Apr. 12 (UP)—Thirteen| ieee TE : ’ : ey * f Ludwell De: yr 8; World Report, Page 4. v Seo bodies were recovered today from the wreckage of a B-29| = = ~ 5 - e " ’ : ish hardy Superfort which crashed last night at the Sandia secret COPENHAGEN, Apr. 12 (UP) — American aircraft 000 seeds weapons base where atomic bombs are built. searching for a U. S. Navy Privateer plane, missing since A terse announcement from authorities at Kirtland Air 3 Saturday with 10 men aboard, sighted a huge oil slick, four i i fag} op ; Acme Telephoto. yellow objects and possibly a lift raft off Bornholm_Island deep shad, . Force Base, near the atomic weapons cénter, said the bodies This is the last photo made of the U. S. Navy B-24 Privateer which disappeared Saturday on a round-trip flight from Germany felt le : and fol Ya Hit.ralt x . b—-31.15 |of all 13 crewmen aboard the to Denmark. Officials believe the plane, a single-tailed B-24, may have been the "Superforiress” at which the Russians said one of 'T '1€ Ag > . (4 1 ved i ‘ the oil wool for afl Work Under W plane were found. Six bodies their fighters fired near Soviet Latvia. - : Soon afterwar , a Danish nava Vessel arrive in the o fe required were recovered during the - a. s = o 2 Fy . slick area and picked up sev- . as On An wn. soa ve ones we os Charges Truman Old Hands Are Convinced Washington Takes cise. =: 1. S. in No Haste q #—-$2.50 On Apartments | when a search of the wreckage g S : ! lc and S re onvince | as in on a es low box similar to those used Us Wa in : {resumed after daybreak today. ; , R d D : od N Pl |by fishermen for their tackle. wi Teter Yow ; iS LAT: Were. burned beyond =e: | hels McCarth «| e % owne avy ane Red Att kG ; There was no report of any sur- To Ans er Russ toa i sure 7 os | hal MCCAY Symes nereomons sete Red Attack Calmly 7: =~ To Answer Rus Millwork Needs To Cost $140,000 | Secrety was clamped on the ra . os | | The missing Privateer is be- i : Melo cd S40; : rosects CFASH by the Atomic Energy Com- Taft Sees Move | Shooting Incident Sounds. Familiar | No War Talk After lieved to have been the one fired Delves Into Charge » : ission. . . { ’ y AC : | . upon by . Sovie ighter J . . : were. planned. and. started. Stan ros pre oF ONE typE HHA To. Whitewash Aids. | . Bo rea, He TE Ties U.S. Plane Shooting Soviet. Latvia. .an. hour's. flying, Of Battle in Air my on the East and North sides Of carried the first A-bomb to Japan. . ASHINGTON. Apr. 12 (UP) {a-aTe convinced by the pattern of recent announcements that Soviet By LYLE C. WILSON time from Bornholm on Saturday. WASHINGTON, Apr. 12 (UP) — Indianapolis. was believed to have crashed in Sen; Robert Bar 9 ml fighters shot down the missing United States Navy patrél bomber, United Press Stall Carrespangens A Soviet protest note to theigecretary of State Dean Acheson

probably over the Baltic. They believe the crash occurred at sea, and that the Soviets haven't recovered either parts of the aircraft or any survivors. There were 10 men aboard the missing plane which was last

Workmen were clearing ground the rugged Manzano Mountains on the Northwest corner of Butler east of here. an area where rumAV E. Washi 8 lors say that secret underground ve. and E. Washington St. fori aporatories are hidden and atom 2 Hn Hevelopmelit planted by bombs a¥e stockpiled, | Sen. Taft also accused Demothe Washington Apartments Corp., But Maj. Charles Phillips, pub- cratic members of a Senate ForFootings were tobe poured later lic information officer at nearby eign Relations Subcommittee of this week for the $140,000 two- Kirtland Air Base, refused to making “no real effort” to deter-and-a-half story brick veneer confirm the location. mine the truth of Sen. McCorthy's| apartment building, Ed Hohlt,! “It isin a very touchy spot,” he statement that Communists have’ TU eg OD OT be AE owner and builder, said, said. |infiltrated the State Department. Fe! ech the gi gin Ei ali been there The project, with off-street Directs Investigation |g 22 the contraty. Sep. Taft Paid, Force headquarters at Wiesbaden wasn't the slightest basis for

: ER |“they have tended to try Sen. 3 parking, will contain 10 two bed-| The plane plunged to earth in| McCarthy. |say no B-29's could possibly have their charges. room and 4 one-bedroom units.\one of the most closely guarded | The statement — Sen. Taft's been in that area. Tenants are expected to move inigpots at the Follows Past Pattern

huge atomic base most outspoken public com-! by August, Mr. Hohlt said-Paullabout five minutes after taking ment in LPO an. was contained] It is based, secondly, on the The Soviets also are making Cripe designed the structure. off from Kirtland Field. Yin his weekly column to some near certainty that if the Soviets *™ unofficial charge through their newspapers. His Senate themselves knew what had hap-

~ A petition seeking a variance| Col. Hunter Harris, command- Ohio JSontsolled Dress hase that the on use and area requirements for (ing officer at Walker Air Base GOP Policy C tee was sched- i jmericans are using search for 3 Z5-0nit Nor he spartaient| 8 a alke GOP Policy Committe s [pened to the aircraft—that is, had ipo missing plane 25 “cover” for was filed yesterday for ruling by, intensive reconnaissance in the the City Zoning Board at its May | Baltic area. 8 meeting, Watker Air Base near Roswell, loyalty files available to the sub-| The pattern of Soviet state- Ihe Soviet navy recently estabApply For Approval IN. M., had landed at Kirtland committee, {ments follows slosely that hich eR a rary Haan Ray Hamner, investment prop-| Field near here on a routine train- Budenz Subpenaed occurred after a Sovie ghter &

erty agent for the Edsel Realty| "8 Taiasidn. subeoimitiee Da

Co., and Joseph W. Selvage applied |

{“libeling”” Sen. Joseph R. Mec-| Carthy (R. Wis.) in an effort to {whitewash the latter's charges [against the State Department.

The Soviets at first were shaken

|a routine training flight between diately began accusing the British {Wiesbaden and Copenhagen. * [pilot of violating Soviet. territory This “belief is based first on and of practically chasing the

faulty indentification of the air-|Soviet fighter plane and destroy:

Unofficial Charge

where the plane was based, came uled to meet later today. It mayiit crashed on Soviet-controlled! here to direct an investigation. |decide to take a party stand on territory—there would have been | The plane, which was based at Mr. Truman's refusal to make no announcement.

The As it took off, it faltered and Penaed Editor craft near Gatow Field in Berlin,

1948. Fourteen British the report that flares were seen

i ooo Louis Budenz to testify on Apr. Apr.. 9, : . for approval of a 25-unit stone /Plowed into a hill seven miles ; | : in the vicinity of veneer apartment at 3234-48 Fall|from the field within the re-| 20. Sen. McCarthy has stated that and American personnel and the island.

Mr. Budenz will testify that Owen | Soviet fighter pilot were killed in Lattimore, Far Eastern expert, the crash. was a Communist subject to the

Canin cons Heavy Freeze Inside Due Tonight The Times

stricted area. Flames roared into the night and flared like a torch on the hillside,

“Saw Cloud of Flame

Creek Parkway, North Drive.

The $200,000 two-story structure, designed by Architect Allen Kelley, will contain one and twobedroom units, Mr. Hamner said. Off-street parking and heating by li oil ix also contemplated, he said. C. J. Garber will build the pro-

G. F. Heckman, a civilian who;the Johns Hopkins professor of ves three miles away, said the P¢IN& Russia's top espionage agen

in this country. plane exploded, sending up a - a cloud of flame and smoke that Mr. Lattimore has denied all of

oan uta = miles meld resembléd a miniature blast from Sen. McCarthy's charges under p oy $ peti- ic . ( | age © Hon by the Dependable Building "or op eg window XL Dew week's meeting, Mr. Forecasters See : 8

‘Purdue honors 102 stu-

Corp. to erect a $250,000 apart- Lattimore will be given the oppor-, | dents from Marion

ment. was rejected by the board. l® Said. “It was the oddest explo- (ypity to reply immediately to Mr.' Railroadmen’s Federal Savings 5°0 I ever saw. It was like a big Budenz’ testimony if he so desires.

No Warmer Trend LOCAL TEMPERATURES

© ; 2 and Loan Association was listed Mushroom. Then the fire looked| Ip his column Sen. Taft madeno 6 a. m... 34 10 a. m... 34 County preserves - as owner of the lots. /like it was running down the hill- effort to associate himself or the ~ 7 a. m... 34 11 a. m... 38 Times Spelling Bee opens. 3 i side in streams. |GOP with Mr. McCarthy's charges. 8 a. m... 3 12 (Noom) 33 (1 § unloads arms in Italy You Can Move | “My wife and T watched it for against specific individuals. But 9a:m. 5.32 1p. m... 38 |

. World Report 4

«« « WWOLIQ [NEePOre .....

hours. It lit up the whole coun-|'he said there has been a pro-Com-

itryside.” 'munist influence within the State Plant buds that began to swell | ate

st fashion and wom-

. . . Right mn | One Air Force officer said the Department which merits “a sin- as Indianapolis “pasked in mild] en's news 6-7 ‘This Home {bodies recovered from the wreck cere investigation.” "|weather earlier this week better iy Pitsdas sete * were burned beyond recognition, | “Whether Sen. McCarthy has pull in their heads tonight Public to get chance to see TETTTTIETITRTTT™™ lage ie {legal “evidence, whether he has } oO Co ... talent auditions ....... 14 v 30 N. TREMONT ‘Victims of B-29 {overstated or understated his case] 1ne weatherman said the city Harold Hartlev's. b «VACANT! 6 Runs. strictly mod- | lis of lesser importance, Sen. Taft would share in a statewide heavy {1aro artliey s- business stri = i . SAR ; + + . = Re metry bath up. hot “air Crash Listed (Continued on Page $—Col. o frost and freeze. The mercury was, column eee weenie 17 cation. Near Wash ‘High School | ROSWELL. N. M.. Apr. 12 fs expected to dip to near 22 along/It's “reunion day’ at Vicschool and church. Priced to sell. WELL, : f ‘ |Lake Michigan and near 30 along’ tory Field . . . Pirates

| (UP)—Walker Air. Force Base .jtoday. released. the. following. list... of victims in last night's B-29

On the Button

cme: Times Foreign: Servier SYDNEY, Australia, Apr.

pen MA-3536 FE. H. McLAIN WA-1185 Specialize West:™ '

; {the Ohio River. Wo. -R. Hunter. Cow 0c. 134-8 Del: ~ 4

VL os are here ............. 18

‘ ® Turn now to the classified Amusements

, of wintry weather ahead, ther- J "ETE serecee see “« columns of today’s Times |Crash at the - Sandia atomic/ 12 7 Ronald Wade-Ferrel's |, os ah 0 Re Bridge ...........o.. ee 8 for an outstanding selec- weapons base near Albuquerque. ! $i Liens Aingied J) au 8 a. m. today in Indianapolis. Ootiies d Tree veveese 25 tion.of HOMES FOR |All of the men were killed. | outside her door 8 & Snow showers, another sign of Fabio reetavrseion 19 SALE! . .. homes from | co oi john R. Martin, West Frankfort! It ’ . |winter, swirled through City pea 00S cesteeeececeenee every section of the city Ii the Hot, H Foust. Fates. Mich | 50 Ee Kites Bon: streets in the forenoon. They Were Gardening Teens treeeeres 0 8 S o.. ) X C ‘led ! . ’ © . | aa - _ ArdenIng « cocci veennee . i a rio |FULL Raion £ Parmer: Centralia, | This time, she leaped into |xPected to cease by early after. Ingige Indianapolis ...... 15 ) | First Lt.-Lewis B. Rank, Altoona. Ps. | the air. Boon. Mrs. Manners ..vy.veneeee 8 range. Today and EV- | First Lt’ Thomas J. Stuits, Russell. Kv.| | a A L ve ses 8 ERYDAY The Times : Stars Sgt. Richard Cooper. Denver, But Ronald was not the { Corecasiers sai chilly Zemper- Needlework tresses 7 brings vou more real es- | ota Bat Eugene R. Thompson, Kansas man she thought he was. |8lures go continue int e state Othman ...ee0eee 15 . tate ads than ever before |, Staff Sgt. James B. Karney, New Frank- He had leaned against a {at east, rough tomorrow, No Pattern ESSENSE ‘ 3 in its history! tell | MN Walter C. Boedecker, Danville, faulty light switch but felt |Warmer trend was in sight. Radio ..... Ceeeneees . 9 = B ; “all “your friends that | Ball Set. Gerald 3. Por IL. LeRaysville “no “shock “because he was | Mostiv- overcast “skies” ineIn-" Ruarkcodienaean Foy NOW it's THE TIMES Pa. | Oe TAT wearing rubber-soled shoes. |dianapolis today were expected - Society ........ “ 6 for real estate! a ry Tennyson: Whom Tex" Ny She wasn’t. {to be accompanied by a high of Sports seerssees oe 19 rr mee ee ee Ne Se earner | 40 tRiS afternoon Clearing kan Wilson c..veneins ey 11 ) a © s , | {weather will go along with a omen's ...... creeenen.8, 7 Emsley W. Johnson Sr. Dies Here at 71; orn winapi tnign vour'son 00000000 . ’ and rising to 45 tomorrow, fore-

casters said. TRUMAN IN 6TH YEAR Other cool spots in the state, WASHINGTON, Apr. 12 (UP) ear dawn today as chilly north —President Truman, feeling the

Attorney, Vice President of Butler Board

lll Nearly Year : Of Heart Ailment:

Emsley W. Johnson Sr. vice president of the board of Butler University and well-known Indianapolis attorney, died early today in Methodist Hospital. He

was 71. Mr. Johnson had suffered a heart ailment for nearly a year, He had been in the hospital since

|and northwesterly winds whistled weight and responsibility of his Astronomer, Student linto Indiana were Ft. Wayne and office more than ever before, toOf Lincoln Lore {Lafayette, both with low tempera- day began his sixth year in the ‘ 2 At ; 31; White- House. 1006. She died in 1918. His second | juacre 32. wid anon. 31; perre White House Wile, Elizaborl Thompson John! Swollen southern Indiana k SO dom e Mar n *|streams for the most part were Black Mar et : {falling today. The Wabash River o My. Jounson Was admitted o [crested at Vincennes this morn- In Comic Books the Indiana Bar in 1903 and be- ing at 20.7 feet, four feet above ) e Some of those comic books American children buy on the open market for a dime or 15 cents

gan his practice in that year. He gq 04 c¢o00 bad Practiced: law ¢ Sentiniouly | The and east forks of since. e time of his dea ° Slee. AL the Hine of lia des the White River were falling rapidly.

Johnson, Zechiel & Johnson PL Were expected 10 be below).

{flood _ ¢ Mar, 9. He lived at 3447 Wash- firm, with offices in the Peoples ionuth by nighttan morrow | would bring a high price Ww ington Blvd. tui 4 State Bank building. i —— rl —— | on the French black marMember of a pioneer Indiana A former Republican Party! I V Ket. family, Mr. Johnson was born in worker, Mr. Johnson served as Patrolman’s 5-Day

For the French have outlawed many comics . . . and judges could sentence a dealer to a year in jail or a $1500 fine for selling them.

Ola Augusta. Fe was the son of Joseph M. and Mary Johnson. An amateur astronomer, dirt farmer, student of Lincoln and one of the city’s topflight attorneys, he had lived in Indianapolis

Marion County attorney for four, térms, 1916 to 1921 and was a | member of the Indianapolis Park The Safety Board today apBoard from 1924 to 1926. proved the five-day suspension by Active in banking affairs, he Chief Rouls for Police Patrolman was a vice president of the New Kenneth L. Manifold.

Suspension Approved

most of his life. oo Ernsley-W: Johnson-Sr. + —Augusta—StateBamk—and-of the ——Officer Manifold was suspended *PARADE MAGAZINE — Graduate of Butler ivic leader and Butler official Speedway State Bank. for failure to give prompt and tells you about this black civic ; 4 full obedience to orders, the chief market in comic books

After graduating from Butler died toda «in 1900 with a B. A. degree, Mr. Ye of Public Works from 1928 to ~ Johnson earned a philosophy de- in 1803. He was awarded an gz, ol i of affic duti t gree from the University of Chi- honorary doctor of laws degree at pring World War I, he served Scene © his traffic duties a cago in 1901 and took his law de=| Butler in 1946. t in SCO 3 jjeurat Those. Instead using, d K ~Col. 5) ia police vehiel gree from tH¥ Indiana Law School He married Katherine Griffin in (Continued om Page ) pe C BI8. 23 Onder. o

p mber of the Boar Hie was.3 terme said. Tt was stated Officer Mani-

fold drove his private car to the

next Sunday. PARADE MAGAZINE" Comes With °° ° THE SUNDAY TIMES

ov « : - ; ~ nik

{reported Saturday afternoon -on'by the tragedy but almost imme-;

sub- rammed a British commercial air-| Which the intercept might have references to the attack in the joccurred. This would check with Baltic,

Bornholm regarded the incident as anything

fer

WASHINGTON, Apr. 12—There United States yesterday said a|gajq today that the United States ‘was much talk but little excite- four-engine American military iq making a complete investigae ‘ment in the capital today about plane flew 13 miles inside Latvia tion of Russia's charge that an [the self proclaimed Soviet Russian| Saturday, exchanged machine-gun| American bomber fired on Soviet {attack on a United States military|fire with. intercepting Soviet fighter planes. {airplane in the Baltic area. lighters and disappeared over the ns. Acheson said the Defense

The cold war has not warmed Baltic. {Department is pushing an inquiry up a single degree of temperature. Privateer Unarmed into the Moscow claim that the |The best informed Americans on os . planes exchanged fire over Latvia the. cold war and our Tmmediate| However, U. Si Yor oy last Saturday. miiary fubire took the incident), ed. : at mlerense wis pisiy that fi bi 4 { They believed that gi N ales e They are the top brass—the Wb Moy aL in X Danes time and ascertain all the Tacts four and three star officers—of hyve fajled, causing it to blunder|2® Dest can before it “answers - {the Army, Navy and Air Force. . Russia's protest. : : {Some It was widely believed in de«

Toor after the Soviet Unioni® Soviet territory while on a » : routine round-trip flight {annou > Hp fight between fense circles that if there was any such incident as the Russians

nced its attack on the wiecpaden, Germany, and Copendescribe, it involved an unarmed

American military aircraft, these paoen Navy patrol plane which has been

men ang many of their juniors A pg.i7 were gathered yesterday at Fort pack to search headquarters at Pe ay on tine flight from Weisbaden, Gere

Leslie J. McNair to witness a fare- gastrup airport here late today many, to Copenhagen.

search plane brought,

jwell parade honoring Gordon (ne first definitive clue to the fate .Gray, resigned secretary of Army. of the Privateer. |

; Moge Date A. Crewmen ssid A eg i | Civili ot Teard Van “ofl slick 10 — n radius y Kon » officials, informal ee , oviian guests Beard MANY and four yellow objects off Born- pressed belief that the Navy plane

holm Island. which lies 25 miles might have been shot down by off the southeast tip of Sweden./the Russians.

‘No Sign of Life’ The search produced fresh dip

except a trigger-happy example of. could see no sign of life,” omatic complications when

; Sweden protested to the U. §, Russian ill humor. There Was No sgt. Winthrop Maddoz of Griffin. Embassy In Stockholm that Amere jvar lak, Ga.. told air rescue officers.

: ican planes flew over Sweden's Our brass would like to know. He said the. B:17. circled. the largest naval -base at Karlskrong where the shooting took place. area until it had to return to while searching for the missing They would like both sides of the Copenhagen to refuel. lcraft and its 10 passengers. story. which they. are not likely) The objects also were sighted) Official Washington explored to get unless some survivor of hy a C-54 Skymaster, whose the alleged Latvian incident ses the United States plane turns up. crew thought one of them was riously, but ¢almly. Officials said The official position here is an overturned life raft. This was {t didn't heat up the cold war. that there is no positive informa- not confirmed by the Danish, At the White House, Presiden Yon far that a Navy Priva- naval vessel. however. tial Press Secretary Charles G, (teer patrol airplane had been shot’ The Danish navy information Ross said he did not think Pres {down by Russian fighters. Un- officer reported that another ijent Truman had been given an officially, the military brass was (.54 reportedsthat it had sighted | omcial report. remarking yesterday that the an object believed a life raft in| pefense Secretary Louis Johne “Russians have shot down one an aréa considerably northeast son conferred with President True of our unarmed planes.” of the oil slick. | nan this morning, but a defense Only a multiple repetition of Capt. Banta M. York of Raleigh. spokesman said the plane incident the Soviet Russian fighter attack N. C.. pilot of the B-17 which first was not discussed. 'on American airplanes would sighted the oil slick, said he and —————— much heat up the cold war. The his crew saw a lot of debris in immediate result of the incident the vicinty, but were unable to will be-extra precautions to pre- identify any of it. He said he had vent American aircraft from no way of determining whether it straying over hostile territory. It was plane debris. is not likely that American mili- Night Hunt Planned tary aircraft hereafter will be! However, he pointed out that sent aloft in Europe without arms. |i

but nothing suggesting United States top military men

Canada Leukemia

Patient Improves -

CHICAGO, Apr. 12 (UP)—First reactions indicate that Gregory ! Pepin, 3-year-old leukemia victim fe rafts.carried on all Navy from Windsor, Ontario, Canada,

planes are -painted yellow- so as has improved after ACTH te ; . ]S > arb proved after treate TRUMAN TO MEET PRESS to-He-easily visible in the water. ovo "0 qootor said today.

_ WASHINGTON, Apr. 12 (UP) “There were several pieces of ci .onry wags in good spirits esta {President Truman ht Told™a wood looking “like” plywood,” hel day se Youghed got A apirits 1 NEWS contere ~<a. m. (/n- Pa his bed.at Wesley. Memorial Hose dianapolis time) tomorrow. (Continued on Page 3 —Col. 1) pital, the i oo oo The boy was flown here from After the Stroll Was Over— | Detroit last week in a “last hope”

Wall Street Snaps Into It aici” wi tmacments ar" On Reading Soviet's Charg

Wires Hum With Flood of Selling Orders --But-Market Rallies After Fall

By ELMER C. WALZER, United Press Financial Editor a hospital spokesman said the NEW YORK, Apr. 12--Several floor men of the New York boy's condition definitely was im= Stock Exchange strolled out into Wall Street yesterday an hour proved, before closing and bought afternoon newspapers. SE esiemtesslemenvis isin The market was quiet and the Dow-Jones ticker droned out 3 the averages in routine pulse: 30 industrials, 212.29, unchanged. Cuts Price of Coffee : They tucked the papers under their arms and strolled back. They NEW YORK Apr. 12 (UP)-w got to the. floor and leisurely — ———— meee e————— Tained. The Beech-Nut Packing Co. toe opened the papers. There on page in this market, brokers exp aine - day announced a reduction of ‘3 one of the New York World-Tele- They ‘said the incident showed cents a pound in the price of its {gram and The Sun was the blaz- the working of a regulated mar- vacuum-packed Beech-Nut coffee, ing headline-—120-point wood type: . - ’ . er roasters had made similap RUSSIANS FIRE ON U. ’s. Back in the old days, stocks reductions earlier this week. PLANE.” . |were supported by pools or other| 2)

the dis- 8roups, and when selling develNoneay Jag bo au . is individual stocks met

Medical men at first did not e know if Gregory would respond to ACTH and withheld any states ment that might lead to false

| 1 i hopes. They were still cautious

Ane FINLAND - |patch—United Press out of Lon- (oped the : : [Rote |support. Today these supporting SWEDEN) 8 Everybody jumped to attention, [organizations are taboo and the Xa 2

{market can get a jolt very quickly. | Watch Out, Say Bears Then they flooded in. | - As trading becomes more active, ~ By 2:15 p. m. the tape averaged analysts predict there ay be one minute late and- prices were more scares—selling. on any prefalling. text. Many people have good| { Begin Buying {profits six months or more old| "=" Merrill Lynch, Pierce, Fenner which means long-term capital| {& Beane's statistical experts ran gains and they don't want to off the Dow-Jones Stocks on the lose them, it was explained. ‘adding machine and calculated a This incident didn’t change the] 2:30 p. m. average. It read 2.10.65, ' number of bears or the number off 1.64 points. It sank a few of bulls, market men said. How-| minutes later to 2.10.15. ever, they noted, the bears seem Then somebody read the dis- more bearish just now and the! patch, found it not too warlike, bulls less bullish. and began buying. Many a bull insists that this Others followed. The market market will climb through the rallied and closed with the av- 1946 high on real volume one of erage at 211.47 up 1.32 points these days and probably go on! frem the low and off 0.82 point several points further, No prediclon the day. {tions after that by the bulls, { Such things are apt to happen! But bears say watch out. : - ¥ x

Brokers’ wires hummed. Sell orders flowed in.

Do RALHC

Wo, 5 Map shows approximate le cation of RussianU. S. plane “incident?

| oF becoming overly- optimistic, bug: