Indianapolis Times, Indianapolis, Marion County, 21 June 1950 — Page 17

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rt, but not 95 ; v

f war com- } a foreign ar of 1812, ty of Penn-~

the present all-out air —Ailr Force

able in the oing harm. ight create « Assistant

In Germany ess futility. U. 8. high

hy ar

taps- and iness-like 18 result-

: . cy? licy. for the nor anyone

as ‘the sii: t ern problem Rh Japanese he big pow~ veto, is no on--most of ve agreed to jemand. h Commone

fter some PAS, Are now

ig with any:

vhich seems nce of suce

definitely -— vhat used to cArthur so-

te Japan the nd" of the United Naed conquest at to south~

ATIONS has A foundation d. Far East

P stove and water heater. And

and he gets it from. a canvass-of

__—More spending means more busi-

Wa oar

Au pr A Pod rs

_ It's found in the growth

HARTLEY, Fo Pe town now, with long pants anc a pocketful of metropolitan-sized cigars. The advance census estimates hint at it, but there's a surer way, down in black and white. = of our hun

sble servant. elec.

industrial motors, street lights and electric furnaces in factories.

It also means the toaster on - your breakfast table, your elec-

Your television set.

Take a look a the month of May, and don’t go back far, just nine quick years. Last month the Indianapolis: Light & Power Co. had 142, 637 customers and they used 21. 436,100 kilowatt hours. In May of 1941, the IPL had 116,027 customers .and sold only 9,756,624 kilowatt hours. That's a lot of city growth, new homes, new power lines out across the countryside, but it's more

It's more “toasters, “more fans,| and automatic washers, more electric ranges and coffee makers, disposals and electric blankets per home. Again the figure man tells the story best. In May of 1841, when we were on the edge of war, the average kilowatt hour ' consumption per home was 84.1. Today it js 150.8. Think that over and you'll see that Hoo- © slers are hiring electrical servants by the dozen, the cheapest household help they can get at. a minimum of 2 cents per kilowatt hour. I point this out to show the fay rise in living standards.

And where we've been spending, $19.50

our money, at the appliance store.

2600 More Jobs

THERE'LL BE ABOUT 2600 more jobs in Indianapolis by the middle of July.: —

That's Sam Springer's estimate,

120 top employers. Sam runs the Indianapolis office of the State Employment Security Division, and keeps his finger on the labor| supply and demand. Employment has hit the highest level since November, 1048. That's when the employment toboggan began’ to slide. Women are holding 5 per cent more jobs than a year ago. Employers attribute this to the high cost of living which makes families reach out for two pay checks instead of one. Actual employment in the Indianapolis area for the middle of May in 120 reporting firms was 272,150, up 2.8 per cent from Phere employers thought it would

That means more money to buy a better standard of living.

ness, more jobs all around. It’s great when the spiral is going round and round—and up.

The Right Place

Burial Vault Association yesterday voted to hold its next year’s convention in Washington, D. C. . Cracked a wag in the back of the hall in the Lincoln Hotel: “That's the best place yet. Maybe we can Sly some of those crackpot ideas.”

‘American's Surplus

AMERICAN NATIONAL BANK increased its surplus $500,000 this week by transferring that amount from its undivided profits. James S. Rogan, president, said the transfer, given the green light by the board, would “increase the bank’s ability to serve the borrowing requirements of the community.” 1 never forget that old saying about a bank not lending you money unless you've got something worth more than the money you want to borrow, then you aren't really broke and don’t need it.

Bad Business : 1 HAD THE distributor ‘points replaced in my car yesterday. I was surprised to find that the dealer who has signs all over his place saying he uses “genuine ” had used a set of nongenuine points. Something like this hurts your confidence im your dealer. It makes you think he-1sn’t genuine either.

Service?

store a few days ago to buy a newspaper. I had a pocketful of change. It was heavy.

were anxious to take care of such little ‘matters as unloading

didn't “need any change.” I walked out of the store, my silver still banging on my leg | like an iron ball.

I'll probably stay out.

enough there may not be any store. Or, more likely, there'll be a new cashier.

At $19.50-520 Level

moderately active trade.

pounders sold at $19.50 to $20. Several loads choice 180 to 225pounders Weights pounds were salable at $18.50 to!

were steady at 25 cents higher,

$17. le A few reached $17.50. Big weights in the 09.40 Claes Were paid $13.74 to $14.50. Odd stags moved at $13. _ |government would pick up some $4.2 billion in revenue over the next five years. |

fully steady in fairly active trade. U. S. Statement

held above $30. i Several part load lots mostly Bey ASHING good light steers brought $29.50 Jnegium mixed lots moved at $23|1

good heifers brought $29. Good Go heifers in small lots were paid for at $30.

and bulls with good beef cows nd mea '$22 to $23.50. Common an at $19 to $22. Canners ters brought $15-to $19.

good bulls reached $21 to $23.50 with good beef bulls bringing to $22.50.

ly active vealer trade. Good and

pn choice vealye 1d at ; THE NATIONAL CONCRETE gog yers sold at $27.50 to

calves were mainly $22 to $27. Culls were quotable at $15.

sold at $27 to mostly $27.50.

I STOPPED at a chain po be

80, thinking that drug stores

; wil change, 1 asked cashier if she rious work on the bill. is Jgures open your | ARE OF my} Democratic: members, at least; 5 hands. believed the bill met the specifi-

She replied bluntly that she So

I not only walked out, but And if that happens often

Choice Loads Reach $20.25 »

Hog prices today were mostly teady with Tuesday's average in

Good and choice 170 to 240-|,

moved at around 240

$20.25. | to 290

gs were scarce. Slaughter hiv 20 to 160-pound-|a ers, brough $15.50 to $17. Sows

sae and choice sows, 550 poungs, moved at $14.50 to

und. f

700-poy “at around

for

Steers, Heifers Steady Steer and heifer prices were

excise levies by $1,010,000,000 and Juoviae means for making up

The committee has spent almost five months of tedious and labo-

cations laid down by President Truman. In his special message

ened to veto any excise reduction bill that did not provide ways to make up the revenue loss

By voting to increase taxes on corporations and to plug some “loopholes” in present lews, the committes figured it had made up all Sut about $10 million. Everybody agreed that in these, F'days of high finance this wasn't enough to worry about. Here's what the bill provides as it now stands: ONE: Reductions totaling $1,010,000,000 furs, luggage, jewelry, cosmetics, movie tickets, night club checks, travel tickets and numerous other items.

tax laws to provide a} million-in-new revenue: million of this would come from

| poréite tax rate to make the maximum corporation tax nearly 41 instead. of 38. per cent. This will yield an estimated $433 million

the committee

Tuesday.

January, the President threat-

$10 “Million Short

in excise levies on

telephone bills,

resent t $465

TWO: Tightening up

new 10 per cent withholding tax

on dividend payments from corporations.

THREE: A revision in the cor-

year.

FOUR: A speed-up payment plan for corporations so-they will “330 fo'be more nearly current in paying their taxes. At present, corporations have 12 months after the end. of a. taxable year. 10..pay. uP. would cut this down to six. In the process, the

rbout §150

Pendleton Pike begin next week.

On Big

A new tho ng corer 1 E308 51 Sadlnd Am md open vast fall. Work on the ten storetaams wil

Work to Start Next Week 10-Unit Structure

nig Pike-Shadeland Ave. Intersection

Site of New Trade Area; Fall Opening Planned

By LARRY STILLERMAN, Times Real Estate Editor : Work will start next week on one of the most diversified shopping centers on the city’s Northeast Side. It will be the third leg of the fast-growing home and industrial L area around Shadeland Ave. and Pendleton Pike. Bel The massive U-shaped storerooms will be a $400,000 addition to the Brendenwood and Lawrence, Ind. residential hubs dnd the

Western Electric development. 10 Storerooms

It’s the 3 planning of the PenRealty Corp.~ snd “has {been in the designing stage for the past year. It is slated for a fall opening and will include 10 atorerooms in gloss, steel and stone. There will also be parking space along E. 38th 8t. Lehind the buildings for 300 cars. The F. C. Tucker Co., developers of the project, said there would be 55 square feet of parking to each square foot of store space. A new Atlas Super-market and the Haag Drug Co. will occupy the largest storerooms on opposite ends of the one-story, flatroofed building. leases are being negotiated among bank, hardware, bakery, dry goods, variety, (cleaner, shoe and barber and

eight storerooms filling in the U.| On Western Tip Already the Gulf Refining Co. is operating a ‘gasoline station| at the western tip of the triangle where E. 38th St. and Pen-| : “Tareton Pike intersect.” There will be nine driving approaches to the asphalt parking area, four atong .the T743-foot

the 690-feet rimmihg E. 38th St.|

Load good medium Weight steers

and two along the 450-feet- abutting Shadeland Ave.

$30. A few common and

nses rent Asch year through with & year ago;

TON, June 21 (UP) ver and receipts for the sur, une 18 compar

to $28.50. A load of medium to mostly

There was little change in cows medium cows were salable

Bulls Reach $22.50 - Medium and sausage

Steady prices prevailed in fair.50. Common and medium

A small supply of native lambs were mostly 50 cents higher. Good and. choice various weights

Scattered common and medium grades brought $21 to $27. Scarce slaughter ewes were quotable steady at largely $6 to $11. Noon estimates of receipts in the Indianapolis Stockyards were hogs, 5150; cattle, 950; calves, 450; and sheep, 250.

Predict Record For Pig Dutput

WASHINGTON, June 21 (UP) —The Agriculture Department to-| day forecast production this year| of a record-smashing peacetime; crop of 99,079,000 pigs. Officials said the report indicates a greater than usual seasonal drop in pork prices next! fall and winter. It showed ONE: Farmers are fattening 60,079,000 spring pigs for the fall and winter market. That's 3 per cent more than the previous) peacetime record-smasher which| Sipensses prices last fall and win-|

Se WO: A fall crop of 39,000,000!

i ih Bishan

HL |

Hol: i

; i

Welcome Wagon

+ MEMAIL 3 108 ANGLES BW YORK +

pigs is in prospect. They will pro-| vide pork for the spring and! summer of 1951. The prospective] crop is 5 per cent larger than last fall's crop which is now pro-| viding consumers with bacoh and pork chops. Both the spring and fall crops would be the largest in history, |

and 1943. The fall crop forecast was] based on a survey showing farm-| ers plan to farrow 5 per cent

“tore sows than last fall, In com-| RR

puting the pig forecast, litters | average size were assumed. Indiana's spring pig crop ‘was estimated at 3,982,000,-up one per-| cent over last year. And the num-| ber of sows Indiana farmers were

. {expected to farrow in the fall was |

except for the war years of 1942}

INDIANAPOLIS S CLEARING HOUSE

BR. eR Ray T. Fatout are expected to! Local Truck Grain Prices

wi HERE Today's Weather Fotocast

PARTLY CLOUDY AND CLOUDY AREAS

“/

T “ GUS PATOFS. COPR 1950 (OW.

weatherman's greeting for the air flow from Canada. And a

at Its Amazingly Low Price, Only

put at 624,000, up seven percent.|

PHONE Th. 21%

rn-| There will also be a canopled

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207 Mass. Ave. i

ir: | pedestrian passageway splitting the shopping structures from the

+ quit ent 0 e31 the ‘38 Tt) 3 ita Pike into the parking lot. Burplus ois aon N90e.1 ths ,500 | Wet Weather, Alterations wl Building has been water ud pit Debt Si SRT 1 by wet weather and slight

structural altsrations. But crews

under the direction of Contractor

Design of the building by Paul!

[stone

“Ea

Hueber, Hueber & Co., Inc, hi with Montgomery 8. Lewis as cal secretary snd William F. Welch, M treasurer, Mr, Lewis, developer of Brendenwood, is president of the State National 8 beauty firms for the remaining Mr. Welch is associated with Mec-|| Hale, Patri¢!;, Myers & Cook, atLHOrneys. 5

frontage on the Pike, three along] .

FOTOLAST

LEGEND

SCATIERID SHOWERS

pilasters and identifying ‘istone pylons on the drug and § grocery stores. “store will forced air oil units and a complete) fo sewage disposal system draining! § unit septic tanks is being com-|| pleted. Fa

d by

Storeroom Space Six storerooms will have 900 He

Pen-8hade

~toompany headed

urities

square feet of space; two, 3000 square feet; the drug store, 3200 square feet, and the super- -market, | § 11,200 square feet. is a stockholding| Ralph EK. HE president of the A. J.|Je oi erson (real estate),

Corp. AOTPy

while.

Enterprise blew up in - Sea Monday. It was

Survivor of Ship Blast

American States com F*Amerioan States pid .....i. Ayreshire Collleries com

or ‘ OA

A gor gem [avsensy . Corp

Britain for India with of explosives, Most of were Indians, '

LEAVES $60 MILLION NEW YORK, June 21 (UP)— Mrs. Mary Stillman Harkness; 76, left $60 million to charitable and public institutions when she died

last June 6, ding to a probate of her will, Mrs, Harkness’ husband, ofl magnate Edward 8. Harkness, gave $225 million to public - institutidns., He 1940.

Killing 72 Brought In SUEZ, Egypt, June 21 (UP) A Norwegian tanker brought to port today the sole known survivor of a dynamite ship explosion in which 73 crew members died. Still dazed, Nour Hussein, a Moslem seaman from Calcutta, lay bandaged on the deck under dni blazing sun. He flailed his arms 4 a8 though still swimming for his 3 '|life. He babbled incoherently. 3 | “Ship no come, 1 die” he re...|peated over and over. The British freighter Indian

Brena

She's a good

‘Den oF Death’

ANADARKO, Okla., June

“RP EUPY When highway patrolmen saw a

Ruble § Jers

itokely-V kal

truck

weave off the highway five times, they decided it was

time to act.

The troopers stopped the

truck three

miles east of

here and discovered the

steering wheel

could be

turned completely around without moving the front

wheels.

Nor did the driver

have'na license. The truck, which was carrying live snakes and carnival curios, carried a sign which read, “Den of

Death.”

omZILE

THUNDER STOAMS

move in Monday Lo fill in the site. | TRUMAN TO MEET PRESS

RAIN

3 fon Asohalt at ey Pub com Pub 4%

5) ; {Sis pe a ess Laundry som Public § Serv ” In

ngton com.

PRODUCER

ote

Americans are eaging more and better food than ever before —as statistics prove. They're buying a lot mose gt other things 100. Even in the recent “slump”, surveys in certain lines showed that sales dropped chiefly because manufacturers and distributors reduced inven. “tories — net because the public stopped Buying: All of which indicates that companies which maintain aggressive selling policies are likely to enjoy cone tinued good business. These are the kinds of companies chat offer investment opportunities. And we will be: Bind to help you make a proper selection. Keep informed of conditions by writing for our Current Stock Survey and other periodic releases. No obligation of course,

"THOMSON & M¢ KINNON

Local

BROKERS IN SECURITIES AND COMMODITIES

Produce

{ er Srade, t recet WASHINGTON, June 21 (UP) 105: Chris hg*lite He dhdein, Beit = Cripe will feature angled glass President Truman will hold a ak

fronts, electric eye entrances 8:30 mn, - ar Snten a Solera a1 £00 8, m. in

official arrival of summer; full two-thirds of the 1 nation can

—————

YOU, TOO, CAN HAVE

13500

TONIGHT "AND TOMORROW—Warm air masses over the East and the Plains will form the |

today. The Lakes region will bask in a cool expect showers and thunderstorms.

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Stores gone . . . bypassed by the caribou migration . + ¢ 300 Padelmuits, the most primitive people on the North American continent, fought a desperate battle against starvation last winter. The first pictures of their plight were taken by “explorer ey photographer Harrington who risked his life many times to a bring back their story from the Arctic.

: canal i