Indianapolis Times, Indianapolis, Marion County, 31 August 1950 — Page 18

Consumer Debt Up $1.5 Billion

Big Money Men Say ‘Income

Slippage Could Be Serious

_of innocent looking paragraphs to the press boys down in! Washington today. What the board s=id was that since the Korean War, | the rush to buy hard goods has jumped consumer debt to $20,340,000,000. A few months ago the gov- ml ernment was worried. Credit!” Fb stood at $18.6 bition. But pie.

Allied Zone

U. S. Officials Think Pact “BEEP’S” having trou-| : Could Be Near

billion held its tongue. In Indiana no one seems wor- corded. E ried, either the borrowers or the It’s a rule of the FCC. Logical lenders. They still believe the reason that the tongue rattles) old dept-earnings ratio of 12 per along at a lively clip and often “cent is safe. {says things which may be 4 And the $20 billion-plus figure t€rpreted in other than the is still’ well under 10 per cent, |lended meaning. fo So no one is batting an eye. _ Recorded voice is playing” aline treaty, Ps x nn bigger role in business than ever, | The draft treaty-is said to call BUT THE BIG MONEY men It records not only words buti . Ciharawal of Soviet occuwho scan the distant horizons emphasis and. inflections, They pation troops from the Soviet zone point out that even a small siip- ““70V meaning, tao, _| within six months of its conclu

had of a peace treaty. The ministry said Chancellor

t= The . “beep” sounds every 1! ‘ could! 3 y lo - page in national income could seconds, and is annoying, But sion, and the creation of a 250, be quite serious, the FCC says there's something 000-man armed force in East It works in this way. A jman's ATi ss Fh

Germany. The treaty was said to assert

y in it income shrinks much faster than, is

his debts, A little dip in income] 2 no that its provisions were valid for which might: evolve from the] WHAT OWNS of recording "all of Germany. This would sudden stoppage of the Korean devices do not know is that there imply control by East Germany Ww

akin to wire-tapping and strictly out.

might even shorten the week. boundaries. The wage earner with less In-| For Instance a salesman can Changes Possible come would have to pay off his|plione In and record his entire! Tt also implied éventual Comdebts dollar for dollar on less in-/day's report. It can be typed the munist determination to rule i come, He would have to cut hisinext day in duplicate and copy Western Berlin, as it called for ordinary buying, food, clothing mailed to him for his own file. outlawing .of the Western Allied entertainment to be able to meet| And who is fighting the “beep” mark in the western sectors of the payments on his home, car, signal so hard anyway? the city within three months of TV set or home appliances. { Can't you guess? {the treaty's ratification, the rean 8 | Dictaphone. port said,

THIS COULD THROW more oe a . Sut of ‘work, and send the defla- IGW Refunder The treaty was reported to say

work of when used within a state's and the West

Republic area.

SR RbILAT shooting downward WHEN INDIANA GAS t-hat—“foreigners”— presumably tion spiral shooting downward, Ww n INDIANA GAS AND the Western allfed occupation endangering long loans and all, WATER CO, refunded its first

come under

of the other collateral held on mortgage bonds, it saved a Hyejbersonnel would 1 margins by the consumer, In Interest, from 3 to 3'4 per cent “®* hy : ran 1 > not lke to seefdown to 2% per cent, but that, Ruch provisions a os such a heavy consumer debt, It is wasn't the real reason, 1 forded only by a Zolaun)s oe one of the principal ingredients in| There were two clauses in the Soviet oc Supation of West Berlin any depression. : |mortgage which didn't fit current 20d Western Germany. The higher the consumer debt company needs, | A ministry spokesman emthe sharper the drop. Put this] One was the sinking fund|Phasized that the treaty is in its in your memory book. {clause which required the com- draft stage and many alterations 2 pany to put 2 per cent of its|are possible before it reaches Hotel Weepends cash in the sinking fund at a final form. HOTELS USUALLY are not/time when it had to go out and (At Washington the State Dehappy about week-ends. That's borrow money for expansion. {partment had received no. official when traveling men head for] So the new mortgage bonds Confirmation of the Donn report home, leave rooms idle and cash read 1%; per cent. * -/but officials did not discredit its registers lean. | The new maintenance renewal! possibility, - This week-end the hotels are clause calls for a 12%; per cent of/ (U. 8. officials thought it is blessed with the State Fair. That gross for maintenance instead of | possible that John J. will fill them up. And next week |15 per cent. : (U. 8. High Commissioner from 10,000 to 15000 Shriners) The 15 per cent applies mostly | Western Germany, may will be in town. And that willito electric untilities which have| some information” on the report more than fill them up. {their assets on top the ground, upon his arrival today.) But the usual story for hotels where they demand more main-| . : . is that when there are no week- tenance than gas lines ane Vatican City end conventions they lose their ground. -

— “well-starched shirts. sl bad bel hotel bust. FIFst Freeze

The big weep in the eRe Ca ne ness in Indianapolis is room rates. THE FIRST COMPANY to put

{the price clamps on Neither tHe commercial nor the|’ p convention business tolerates the Chas. Ptizer & Co, rate card of the casual transient, | ducer 2 Sitti acid. ) Hotel rates are what t trafic e Pfizer company has guaran-|gee would make no will bear, and in this town, sol eed its customers that the price

‘ {until the full text was explored. hotel men tell me, the average. is|t2day Will stick through Aug. 31" The negotiations leading up tol around $4.25 single and $6 and", the up for doubles. {use mOeh cir id don't|y ce | > ’ C acid, And if a hotel tan stay full at I'd like to see it on meat, potathose rates it has a chance of 0 500 g i and eggs. staying in the black ink bottle. ; But they don’t stay full, Four-Pound Organ yesterday by the Hungarian for-/ * = » [ AH, THE UNENDING miracles eign ministry, which said LAST WEEK, for instance, the of electronics. Catholic clergy of Hungary profh-| national average for hotels was, Pipe organs used to be as. tall ised to “acknowledge and sup81 per cent occupancy. And back as the church itself, port” the government. in the depressed Thirties this| Then came the much smaller , would have meant rich going. Not (Hammond organ which produced Holy See would wait until it had|

a product is g140 Church with “extreme largest pro- (orest” today.

That sounds good, but I

sentenced to life imprisonment in February, 1949.

_ By HAROLD WH. HARTLEY, Times Business Editor | 1 ~AHEFEDERAL RESERVE BOARD slipped a couple | dl 0 Id

2 By Uni Press this time, with it more than $1.5] That's the signal used during’ The West German Ministry for the government a telephone conversation to let All.German- Affairs sald today ithe speaker know it's being re- that Russia and the Soviet-con-trolled East German government ed upon thé secret draft

‘D- Konrad Adenauer and the West| In“ German government .have known | fer 10 days of the. existence of

E. A. Hall, plant manager of local Chevrolet bod . War could kill off overtime, andiis no law against it that I know over the Western Allied zones. explains_operation of one-of the

What? No Caviar—

‘Malik Tosses a 'Dud’ Party

big presses fo German Federal visiting plant during Business-Industry.Education Day yesterday, Ao einai mee (CUlture Department call, a ‘‘wean-

‘For UN Council Members

Ignores Nationalist China in Invitations; ‘Very Ordinary’ Meal Served to Guests

NEW YORK, Aug. 31 (U

Russia's Jacob Malik ga last night, Those who went said it was a dud.

There was plenty of vodka, but no caviar,

As outgoing president of the United Nations Security C Malik followed custom and gave a dinner party for his

Mr. members, He threw his shindig at filled only with rich capitalis

convention,

the Waldorf-Astoria Hotel, ordinarily

ts.

strictly private and |off-the-record. The delegates get |

(together, have a drink or two,

jedt. and become convivial, | Ignores China

THE Vatican studied first re- night. ‘ports of an agreement between] : the Communist government of {for Ecuador's Antonio Quevedo, Hungary and the Roman Cath-{who told Mr. Malik bluntly in the | in- Security Council some time ago [that he wasn't accustomed to the A Vatican official sald the Holy kind of insults Russia was handcomment [ing out. Cuba’s Alberty Inocente|

Alvarez was out of town and

party without an invitation.

ternate,

the Gross, were there.

Mr. Malik sent out invitations | {to all 11 Security Council coun- Wards. — .. McCloy, [tries except Nationalist China. to|It seems that Nationalist Delegate have mingfu F. Tslang did not invite Mr, Malis when he gave his presi-

dential dinner last January so the {Russian returned the favor last)

Mr.

A Vatican spokesman said the Local Issues

today. The break-even point {s|the sound in a different way, but|{the Hungarian bishops’ side of around 80 per cent, too close for it had a little different sound to|the story before it would confirm | comfort {the practiced ear. or refute the agreement.

Indianapolis hotels do not get And now comes the midget of Great Britain | = 5 |

the money-tossing week end them all, a miniature electric reed

MILWAUKEE. Ha.

“NL | } Jaco" O77 vn sv comtly vi on “Raa C = Y 7 eo : | AN "ny ST osTiouls on on : — i; i AN / :

& tomy WORTH »

PARTLY CLOUDY AND TL OUDY ARIAS...

No”

~~ TODAY AND TOMORROW-—The low the hurricane along the Gulf Coast this morning. Rain with winds of diminishing force are expected L

as the storm moves Jnland. Rain is forecast from the Middle Atlantic coast westward through the | Virginias, western Pennsylvania, Ohio, Indiana, Kentucky and Tennessee, 2 We i : ag :

100 Ass el S842 Indpls Railways 5s. 67s

~Aug, Sl

STOCKS

American States com American States ofa pe Ayrshire Colleries com ...,

L 8. Ayres telt RR &

*Ex-dividend

INDIANAPOLIS CLEARING H ay

“2 % rg

dinary,’

Fey

mats sat down to a dinner of

hors d'oeuvres, soup,

The famous Russian

caviar was not in evidence. Nor was there a single toast pounds of dried eggs, involving

|drunk. And nobody made a speech. jan outlay of more than $76 mil-| “Dull,” one delegate said after-

Hog Prices F In Slo

Indianapolis Stockyards.

[to around 21.50; Malik had neglected to invite the;

pact started shortly after Cuban alternate, Carlos Blanco. weak to 25 lower at 19. ph Cardinal Mindszenty was One doesn’t go to this sort,of a choice lights eligible to more; eee Anbassador Ernest-R.—Austin. [1850 and less —— The agreement was announced chief U. 8. delegate, and his al-

123.50; odd head good beef ¢

st aei16 In ‘Family

Hogs 9000; slow; barrows and choice $31.50@33; common a A {gilts 200-lbs and above barely medium $25@31. : Re [steady at 24.00 to sparingly 24.25; Sheep 1500; market active: jover 260-1bs_ scarce; 160-190 lbs/spring lambs fully 50c higher: Th ek {again under pressure, bid around good and choice [email protected]; me- : 25 or more lower at 23.50 down dium and good 160 1bs. dewn mon down te opening !'to mostly choice 00-2150; yearlings No. 1 and fallshorn| 21.75 or| pelts steady at $24; slaughter ewes down to unchanged; few medium and good — 140 1bs, $8@ 10; all weights eligible to $12. Ambassador - Ernest A. slaughter classes moderately ac- S——————————— |tive, steady; small lots good fed Cocktails were passed. Some yearlings {were made of vodka. The diplo-

established; sows

extreme heavies

Cattle 400;

1000, calves

$28.50 30;

Find Economy

sKunner racking 4s 69 9 NtJegIsamp 58 Ind Pub v 3%s ...... 104%. 107 PADer Art 0 58 or 95 Public Service 3%s 15 ....... 104 107 Traction Terminat 5s 57 . 19's 82

Clearings for the d $ 1.911.000 Debits for the day $26,996,000 (leatings or the month $265.577,000 Debits for the month ST48,081,. 000

AAR: 61 Insurance personal Property [1-12 RL call the MUTUAL AGENT

Grain Dealers

1740 North Meridian St. WAbash 2456

pressure center over Tennessee marks the remnant of | Mutual Agency, Inc.

ty '

gr ‘hie rel x , , |Belt RR & Si 36% | party business that usually goes organ oe h weighs only about AIMING to boost Great Bri-| th 585i com . LOLLY] Ts “bg : ofc tag = . Bde 4 v Bobbe-Merril: pld—43%% «ivi Wemyss scree peda ad- Fouts vite crore LO UL-ROURAS a hd-is-no-bigger than tain s-armed-forees by-77000-menr Contral atl aba to the gambling centers. Then the." TDIe_ radio in_aix_ months, Prime Minister are; thonis, cop + se ¥ ¥ t 5 n - » + ° midnight bar closing doesn’t ap. t's a product of Magnus Ha- Clement Attlee says he will ask| Ey mine Eng com " eal to the playboys who want monica Corp., Newark, N. J., and| Parliament to lengthen the term Cumming Rng» 3-58 6 bh 302 > weel-énd pay» = sells under $20 of draftees’ service from ,18 Consolidated Vinaace 5 vtd | 9, - 2 . x y ’ C ~Car- - » » » er. ; P.S | haven't heard it. I just months to twe years. | Delta Elec com . Le ‘ 25, 13% now they make it, «| slortiu Ald Awie 9 DIC ‘ *e THE HOTEL MEN don’t mind ’ n Mr. Attlee said in a Jadlo ad LGulbADIe Securities com Af they go elsewhere. They often . dress last night that. Great Bri- camily Finance cum on spell trouble Woman trouble (Official Weather {tain had to build up her armed | S800 on a wr” . p : (UNITED STATES WEATHER BUReay forces as “a*deterrent against|Hamilton Mfg Co com . 28 whisky trouble, fights, and some Auk. 21. 1930 aggression.” | Hert-sones gy A oid we 1 / y mping fr te — a y SE . | pom { » iN Window ju Ping vin the jit ry Sunrise 6:12 | Sunset Tis He also announced service pay | Hook Drug Co fol ple _8uy with a two-day beard and ——— oe : 3 - raises that with add $19,180 Kingan —& Co a depressing hangover Precipitation 24 hrs. ending 7:30 a.m. 03] gh EE ye "lind Mich. lec 4Va ptd 107 otal preginpitation since Jan, 1 17 971000,000 to Britain's armed forces|indpls P & L com . ..... oo. 287, Hotel men generally seem to Exc site Fu 10.34 . i Indpis P % L 4% pld 102 b tisfied th ti sth y budget. The pay of a buck private i528 " Fg" 1° 4 they ae, except fOr tates tr or A hale lias the tempera: will be raised, effective Sept. 1,!ithd ls Waier Co com 1 for rates Hoth 8 $3.95 " . ! . bis ie . oe in mn Low! from the equivalént of $392 al... in WALLA yb whim pee nd > mm teld; - Bosto : ‘week to $6.86 and other. ranks j(herson Nations! Life com .. 11 MN keeps crowding the cost sheet, Burbani 51 will get correspondingly larger [Kingan & Co pfd 1 : ’ av at | Chica 64 Br : LLinee RL LA ms esis i. 21 they re going to ‘have to. boost [Chicavo. ; NY MTicTeases Lynch Corp hilum ; 140s . «the ante. Cleveland BO bY - aiarmon. errington com 54 6 , re enver . 86 24 Astle Asphalt . 5 bu But it won't be much. The Evansville 81 11 Local Produce Nat Homes tom Ce 18 2 re “@ i apr layne 7 # Se —- 8 — 1 oes ot convention and eommercial busi d of Worth. HA hd Forge CuTTent Tecetpts 55 Ibs to cave; "No Ind- Pub Serv com 20 214 Tess Tun® the SHow, “1IKes 1oW Indianapolis” (City, ce TR 6R 3b Orede A-aTEe. 420; Grade A medium, N Ind Bub Serv 4c. : 1 1 0 3 " co; GF ind P ‘eo 1d ov] rates, . Kihaas City H ad 33c. Grade B. large, 30c. and ro grade N pnd Dub i ry San Pi 26 3 yg. - $ ¥ : ( 20¢ ‘e ‘ tel ad- - Minneapolis-St Paul ™m : “Pow! 1 v ;| Progress Lsunosy com cies S02 These are a hotel's bread-and Jinneanolis- au 3 ] yrouitey Pow sla bs and er J *Pub Serv of Ind com ....... 351: 25° der 4’; and Leghorn ¢ G Eo butter customers, and they drive New p York i 71 70 and stags. 1lc. and Noy 3 poultry, 4c less Fup Serv of Ind 3a . 87.4 89 a hard bargain. Skial Oma City ’ 8 3 haa NO o 1. 83¢c; No. 2. 5 SoD wItaer Cumming ‘otd tar 18% wel hin vn nahia 7 3 Butterfat -N 1. 83 No. 2 Oe —~ 80, IndG Ae com 20% 20 on So Ind ( & EB pide. 10 112 Rie A a . y op : - < LBtokety=Van Campy 13 4 rodays eather rFotocast RS v . ' ovw 0 » Terre Haute, Malleable ...... 9 10} ‘ - U 8 Machine Cu “or 2 2 . 3 . tien enone 5% oid ... i . : : nipn itie vesnnn ‘ " » BONDS Allen & Steen 08-5. . American Loan .e Bastian Morley 3s 61 . atesy e -

‘my

® Someone once said: “Two, than

can live cheaper one.” ‘

® A Hoosier farmer now

says: “Sixteen in. the family are more economical.” ’

® How does: this Hoosier family of 16 tive more economically than small families? You might agree when vou read the Hoosier farmer's formula in THE SUNDAY TIMES . . . how he is supporting “a family of 14 children, from 2 to 17 years of age, plus himself and wife, sen -

ANOTHER HIT FEATURE IN THE SUNDAY TIMES

plant (left), Treacher

ve a party

ounell, |U. S. egg consumers have been - fellow buying eggs for prices running!

a meal more than consumption and the The affairs are stag, and. by course and ice cream -‘‘yery or- government

one of them said later. black

"much. more heavily than

airly Steady w Opening Trade

Hog prices today held barely $22.50; common and medium $19 steady with yesterday's closing @22; canners and cutters $16.50@ Phe guests showed up, except quotations in slow trade in the 19.50; odd weighty cutters $20:

medium shortfeds and grassers $24@28; few cutter and common §$19@ Charles Wilson a conciliator in ows the three-month-old wage dispute - between the International Broth-

“Doctor Gets Bonus" 2

of pocket-picking in reverse. He

«Times Foreign Serviee

A tralia’s gnashing their The

dp teeth over

Support Jan. 1

DARWIN, Australia, Aug. 31— the witch boriginal witch doctors in Ausnorthern territory are

TL [GGA men would love

: 1

A Dentists Outsmart Witch Doctors

ocutsmarting ‘however, by each

The dentists are h doctors; immediately destroying tooth extracted. They're also issuing only cheap “plates ages Ve tives from using them as gam-

And Vast Surplus By EARL RICHER T WASHINGTON, Aug. 51—In| the good news ment: The government likely will drop its egg price support program on Jap. 1. This will bring an end to a "costly venture that has caused {the government in recent years to fill caves and warehouses with mountains of dried eggs which no one, including foreign countries, seems to want, It will come, too, at a time when the costly potato price support program goes off the statute books—by order of Congress. A formal decision to drop egg | price supports at the end of this year has not yet been made. But| informed sources in the Agriculture Department says it's coming. 7] “have =

Egg producers a: —

Color - Striped

ing period.”

| Off Mandatory List Pitcher is only {| Congress last year dropped eggs 45¢ and 3 cou{from the mandatory list of com{modities which the Agriculture pons from tumDepartment must support, but : gave Agriculture Secretary blers of KO {Charles Brannan permissive au- WE-BA Iced thority to support them. : Tea: :

Mr. Brannan decided to continue price supports for 1950, but at a much lower level. He dropped egg’ price floors 10 cents a dozen and all this year

{about 10 cents a dozen under last year. : But production went up much

has been buying last year, | So far this Year the government

{has purchased! nearly 80 million!

lion—enough to buy 330 light!

(tanks.

Ice

vealers active, steady; good and

Tumbler, with Plastic Spoon and cial coupon—all for only 39¢c.

Then exchange 3 cou

your grocer's for tcher to match your glasses and come plete your set.

Supply Liited—This I the Las Call

ment dental team is yanking = ——————— Smet a tribesmen. Possessing Somebody Local Truck Grain Prices : . 3 's 8 oa ua _ Adon Will End [5a belie, gives a mative tte or| 3a 7 bet sient gia Vi death powers over its original] No 3 yellow cors, $1.40. (i ie ower: Eigen .

Complete Your Set of Iced Tea Glasses and Pitcher Now

_ ® Get KO-WE-BA Extra-Rich Blend for

d Tea in this tall, gaily colored a spe-

s and 45c at eo large Fiesta

B50@ 27.50; com0; 1 load top good! 98-1b. fed western | :

So Delicious Hot or Iced!

choice “Tighter, —Travor—into each cup or frosty glass —

hot or iced. Reg

Conciliator Named or Fine Grind,

Gov. Schricker today appointed |

® KO-WE-BA's richer, tresher coffee puts extra deliciou

farther, too. Enjoy it often, ular, Drip

oes

|erhood of Electrical Workers (AFL) and the Northern Indiana Public Service Co., South Bend. More than 500 workers are af|fected.

| FT. WORTH, Tex. (UP) — | Dr. U. G. Holt reported a case

{found an extra wallet in his

pocket with $12 cash and no identification. : |

SKY x «

HIGH |

* flavory pork. So tasty and thrifty!

PORK & BEANS

“ In Rich Tomato Sauce

Beans, cooked so tender and mealy ina richer fomato sauce, with

”

Also, KO-WE-BA Fancy Pickles,

Whipped Dressing, Tartar Sauce,

Olives, Potato Salad and Sticks.

KOTHE,

If Your Grocer Doesn't Have Them Call MA. 4367 and We Will See That You Are Supplied. Or Write ELLS & BAUER CO., Indianapolis, Kokomo, Wabash

jl CROSSWORD PUZZLE

Echinoderm

Answer to Previous Puzzle D1 IAIMIOINIDY __IBIAICIRKE

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