Indianapolis Times, Indianapolis, Marion County, 11 September 1950 — Page 8

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_ Today. in

Credit Buying Acheson Bets

Gets

Control Pressure Finds Dealers

With

[World Sr :

Slight Lift 0K on Policy For Big Three

Little Left to Sell

By HAROLD H. HARTLEY, Times Business Editor THE RETURN OF INSTALLMENT credit controls)

next Monday today gave time payment buying a little lift, |

but not much.

The reason was that there wasn'f a whole lot to sell with perhaps the exception of used cars. And some dealers

a "Distributors and dealers

“have been fighting with factories for three months

“for more appliances and NeW, two years since it was first

t'cars. And they weren't able to

“eget much. Factories were running!

iat capacity already. © One of the biggest distributors of appliances told me this morn“*4n that dealers were giving him ~“the rush but he couldn’t deliver. + He was low on merchandise, and ~~Zeouldn’t get any more before next “Monday. = = =» = ‘HE WAS LUCKY. He had “bought 3000 television sets. “And “Tm dowh to 500 of those,” he «paid. “IT wish T had more.” ~, Some of the “No Down Payment” dealers were slipping. out «of the picture even before the “Federal Reserve announced the “Jeturn of Regulation W. Indeed ‘the one who started it in Indi.<‘anapolis dropped the idea a full two weeks ago. ~~ There is a report along used swear row that dealers don't care “ “much wether they sell their stocks “this week or not. They figure a . rise in prices is sure to come - Jater in the year when factories “eut back new car production to 60 per cent. ts s = = _ THE BIG PULL has been on . automatic washing machines and television. In money there has

machines than units, selling for less, television

Even if there should develop ‘a rush to buy at lower down pay‘ments before the week is out, it won't create much of a flurry, because the war buying boom has _ riddled stocks, and in some lines there isn’t a whole lot to sell.

Loans Heavy WORSE THAN HIGHER PRICES and taxes is the current bank credit crackdown.

- {Indianapolis baseball club threw tomorrow in New York.

{column again,

| Joint Committees Of Congress Back" : Stand on Germany

By United Press Secretary of State Dean Ache-

ive a to bring Western .Germany

is booming. In fact it has boomed |/fense effort. Mr. Acheson also rather consistently here for the assured members of the Senate and House Foreign Relations {Committees that the U. 8. will jlearned. that WFBM would g0 On pnt phudge in its opposition to the air with pictures. seating the Chingse Communists, The date for “live” television at the United Nations. programs for Indianapolis is after] Members of the two committees Oct. 1 when WFBM-TV, only out- gave him a vote of confidence let here, will have the choice of which was without precedent in all the networks. |recent years. The vote meant that But TV, I am told, is having a he had their “full support” in his little ‘trouble. For instance, the Big Three conferences starting it out for the play-off. Suspected] Mr. Acheson was to fly later toreason: Gate receipts were down day to New York for his conthis year. It hurt the till. {ference with British Foreign SecWhether this is a permanent retary Ernest Bevin and French policy and the Indians will bar Foreign Minister Robert SchuTV cameras from Victory Field man. Mr. Acheson was said olso igext year, remains to be seen. the U. 8. policy will be “to con-

weather, TV doesn’t

the flesh. But when it's cool, 1t'sefrorts to oust that delegation and more comfortable to see the game repiace it by representatives of in house slippers in the MNving Red China. ; room. : ” France's Position Color TV talk isn’t hurting the At New York, meanwhile, Mr. trade but Bill Kiley of WFBM Shuman ‘said that France will tells me it may still be four oriurge giving more aid to Germany five years before color cuts much for “internal security” but that ice in electronic see-and-hearithe re-arming of the Western entertainment. {Allies must come first.

THE TELEVISION INDUSTRY into the Western European dé-| $

{to_have assured the committees|

BUT PROBABLY NOT. In hot|4inue Support” for the - Clilnenel #

Interfere Nationalist delegation at United| much. Fans like their game iniNations, despite strong Russian|

Corn Queen

And he doubts very much if “Our position is to give Gerthe FCC would dare make a de- many means for internal “secur-| cision which would wipe out the ity to maintain order and to com-| Investments of 10 million fam- pat a fifth column,” he said on ilies in receiving sets. his arrival for the Big Three talks. ; | Fatter Fare Boxes | “As for the external security| INDIANAPOLIS RAILWAYS, of Germany,” he said, “that is a INC., which loaded up with equip- matter for the occupation powers ment during and after the lastito aiscuss. war finally was caught with its| “There is not sufficient means investment high, a drop-off of ito arm Germany and the Westfares and a reluctance of the Pic ern Allies at the present time. Of| to go all the way on rate 10° course, we must give priority tol the Allies.” - |

reases. But IR, along with other urban transportation systems, is watching the headlines carefully. oon West Germany trols on gasoline and cars would] ADDITIONAL United States throw a pay load back onto the trgops will be arriving in Gerbusses, put them in the paying many' “before next spring” to bolster the defenses against any

| | |

And the bus companies are getting ready. Up in Chicago next ‘Monday and Tuesday they'll get

“Itogether to swap problems on how|

Russian aggression, according to Gen. Mark W. Clark, commander of American field forces... i, Gen. Clark was in Germany to

Janet Rainier, 20, of Fowler, Ind., was named "1950 National Sweetheart of Corn" in the seventh annual sweet corn festival in Hoopeston, Ill, the

| “town that corn built." The se-

lection took place Saturday night.

. THE INDIANA]

. [Congress

Tr pd wr TT Ie i adn

[Truman Visits

Korea Wounded In Army Hospital

In Taxes to Hit $7 Billion

New Revenues

WASHINGTON, Sept. 11 (UP) —President Truman visited Walter Reed Hospital here yesterday to get a first-hand report on treatment of soldiers wounded in Korea. The White House, disclosing this today, said Mr. Truman was “gratified” by what he learned

Needed to Balance Budget

. WASHINGTON, Sept. 11 (UP) (D.-Ga.)

would boost taxes at least an other $7 billion next year to-pay for skyrocketing defense costs. Other responsible Congressmen said “we may have to go even higher.” To balance the $60 billion budget for fiscal 1952, an extra $18 billion in new revenues would have to be raised. ; This would be in addition to the $4,508,000,000 in new personal and corporation income levies carried in a Senate-approved bill ‘now before the House, . Mr. George, chairman of the Senate Finance Committee, said the actual figure for next year won't be known until defense spending plans jell. House -Reconvenes “But,” he said, “I believe it will mean $7 billion plus.” The House, meanwhile, returned from its 10-day vacation for the homestretch drive to close up shop. Congressional leaders were still shooting for a recess by next week-end. But with the Communist control bill, tax legislation, a $17 billion appropriation and several minor bills still pending, it looked like the legislators might not get away until next week sometime.

Ithe “excellent condition” in which the wounded are returning to this

and that he was impressed with

country.

With Control Chiefs On Defense Needs

I.T. & T. President Placed in Charge Of Newly-Created Production Board :

WASHINGTON, Sept. 11 (UP)—Steel executives of 21 concerns met here today to help government officials draft plans for channeling steel into expanding defense plants. The move ultimately will cut down the production of automobiles, home appliances and other civilian “

Similar meetings may be held soon on building materials, tin

o Sa Ree EH Sg 3 personally with some 200 Korean veterans but talked Gen. Paul H. Streit, hospital commander.

Hogs Off 2% Cents In Slow Trade

Dealings Largely At $23 to $23.25

Hog prices declined 25 cents in

apolis Stockyards today. Hogs 12,550, later trade dull, indications more lower; early sales good and choice 200 to pounds $23.25 to $23.50; one load $23.65 not a measure of market; later trade largely $23 to $23.25; 160 to 190 pounds $21.75 to $22.75; few $23; sows steady to 25 cents lower; bulk good and choice 330 to 550 pounds $20 to $21.50; few lights $21.75 to $22; big weights

Defense

| Demands were

for

in that | Western Europe will put more {army divisions in the field before U. 8. troops are committed to its defense. : Sen. Harry P. Cain, (R. Wash.), recently returned from a tour of Europe, said it was “extremel foolish and shortsighted” to try to decide how many U. 8. divisions are needed before the Europeans

mounting assurances

Sewage Plant

In Full Operation

Regular Pickups Made |

In Garbage Strike ‘The “Indianapolis City Sewage isposal Plant today swung into

agree on how many thew lill furnish themselves.

down $19.50 and below.

Cattle 2650, calves 600, steers 'and heifers fairly active, fully |steady; two loads choice over 1200 pound steers $31.50; two loads good and choice 1050 pound steers $30.65; several loads good 900 to 1150 pounds $29.50 to $30; load medium to good mixed yearlings $28; two loads good 921pound heifers and two loads 850 pounds $29.50; high good and choice heifers held above $30; common and medium $21 to $27.50; cows steady; good beef cows scarce; quotable $22 and up; com-

‘Chapman 7 | | y } | The Senate Interior Committee! may chart its future course—if, {any—in the ioyalty investigation

mon and medium $19 to $22; canners and cutters $16.50 to $19.50;

little done on bulls; generally part of the story. and that “be-| {fore wage controls are consid‘Vealers active, steady; good ered” a proper basis of parity be-

held steady at $23 to $25.

win Mali

rather slow trade at the Indian-|

=» Labor Clamors

a 8.8

Secretary of Commerce Sawyer and Wiliam Henry Har- | rison, head of the new National Production Authority, immedi. ately after Mr. Harrison is sworn in

‘Among those on hand were Benjamin F. Fairless of U. 8. Steel Corp. and Henry J. Kaiser,

Able to Get Strict

“The NPA, counterpart of the old War Production Board, was created under the new home front mobilization law which President Truman signed Friday. It was set up as a branch of the Commerce Department. NPA's first regulations may be issued by the week's end. The ‘agency probably first will try voluntary allocations of steel. If that should fail, it would resort to stricter controls. ; The Commerce Department, in 'a preliminary step, imposed strict ‘export controls over nearly all iron and steel products, effective | Sept.

| W.H. Harrison

30,° to assure an adequate |U. 8. supply. } Mr. Harrison, 58-year-old presi. 'dent of Imternational Telephone and Telegraph Co. was named head of the new agency yesterday.

For Pay Boosts

By United Press Labor unions clamored for pay {increases today despite President Truman's Plea for no new wage Under the President's directive, | ‘he can. establish priorities or ale AFL President William Green, \,..¢ione: 1imit the size of ine in a letter to Earl Bunting man-|;, q¢ria} inventories and make diaging director of the National oot requisitions of aoarded supe Association of Manufacturers, pies or of plants needed for desaid any attempt to freeze wages fense efforts. His authority does would be unjust to the working not extend to food or farm supman, | plies, however.

The letter was in reply to one| 1, oo nino the appointmen from Mr. Bunting which chal-|y.,. Sawyer a app mment; lenged AFL contentions that|p ginessmen and the public to price increases have outrun | give’ wholehearted co-operation. wages since the outbreak of the pye promised that - the agency Korean War. would use its sweeping powers as F Urge ‘Parity’ | sparingly as possible at first. Mr. Green said that the figures, ,mmarce spokesmen said Mr, cited by Mr. Bunting tell only garrison probably will call om {other industrialists to help him. For the time being h2 is working with officers of the department's

Asks Co-operation

jof Interior” Secretary Oscar L./and choice $31.50 to $33; common tween wages and prices must be Ryreau of Commerce and Ine and medium $25 to $31. jestablished. :

{Chapman 0“

MONDAY, SEPT. 11,1950 -

But whatever the group does, it| Sheep 1575, fairly active; spring will. “not conduct hearings inljampe fully steady; good and

in as. requested. by--Sen.- An-{chojce mostly $28.50 to $29. One|in Chicago, two top officials also|

F. touched

Speaking at a CIO United Steelworkers District convention

rejected the President's plea.

{qustry. [PURDUE SWINE DAY SET Times State Serviee : LAFAYETTE, Sept. 11—More

they'll carry the big pay load this off the inquiry. time Joseph C. O'Mahoney, (D. Wyo.), sald, “my committee will not

underground.” Subversives

Witheas fal NSBEUVEES this voek full operation for the first time e of the - |since the walk-out of the members But as the number of bus riders| Gen, Clark sald the new troops of the Municipal Employees Union, goes up the parking lots get hurt| openly would be put under the| AFL, Aug. 30. = so they are watching headlines, .,m, mang of Lt. Gen. Thomas T. Mayor Feeney said today 39

too, not in anticipation of more ted + : business Wut of ‘steadily thisming| aoroY:, ‘ommander of United|trucks of the Sanitation Depart

receipts.

belt all the way through. But even they have towering loan

Federal Reserve figures out yesterday showed total loans in ‘the five member banks in Indi‘anapolis at $134 million, up $29 million over Sept. 1 a year ago. Here's the break-down: Com

$4 million and other loans, mostly consumer credit was $28 million, up $6 million. [ » » .

ONE OF THESE BANKS told

] The others lend on completed build-

: | pealed repeatedly for more west- rounds. WHEN A BUSINESS begins to ern troops in Germany, said the, “Every boom, more people get Into it.

effort to

After the last war there was a American Army here was “an Mayor said.

“We are taking in| The measure, sponsored by Sen. |

Schoeppel (R. Kas.), Who|jot choice closely sorted $29.50; Chairman y 3

medium and good $25.50 to $28; common down to $21; fed year-

£0!lings steady; good and choice 93-

[pound weights $24.50; good to {choice 86-pound $24.25 and short {load mostly good $24; ‘slaughter

'ment and 45 other vehicles bor-| Sen. Pat McCarran, (D. Nev.), ewes unchanged at $8 to $12. | Chancellor Konrad Adenauer of rowed from other departments are branded the Kilgore anti-subver-| eee

| West Germany, who has ap- making regular garbage pickup!sive bill a “concentration camp”, . i Land-Home Boom | measure whioh woud on wm’ Takes Over Helm

maintain dictatorship of the proletariat in . | promised reinforcement of the regular routes is being made,” the the United States. At Ft. Harrison

rush to open appliance stores. And excellent way to safeguard the employees as fast as they apply Harley M. Kilgore, (D. W. Va.),| new commandant, Col. John H.!

car dealerships were worth their peace.” ° Ro weight in gold. “ - The Western powers have Just now the swing is to realiglightly more than 200,000 men estate. ; in Germany. Spearheading the on the Teported threats made Mr. McCarran’s own Communist Indiana added the largest num-| force are the U. 8. 1st Division against two non-striking

for work.” = Threats Reported .

em- control bill which would force ber of realtors during the last gang the highly mobile constabu-| ployees of the Sanitation Depart- registration of the Communist

six months of any state. lary, which packs the force of an ment. [party and otherwise restrict its aT totaling 110,000 men and includ- striking garbage truck driver, reNorthwestern Graduates ing and threw a brick at then Colorado Crash EVANSTON, TI, Sept. Hungary

The count was 80 with Penn- armored division. Mrs. Mary Posey, 37, of 515 Ww. activities. ing a sKeletonized air force, is ported that several men drove 3 From Indianapolis house. The second complaint Pwo Indianapolis residents Three Indianapolis students were| A PASTORAL LETTER read 873 Edgemont Ave. who told po-tomobile accident near Akron,

sylvania second with 42. |" The bulk of U. 8. strength, 13th St, whose husband is a non-! memeisrisirie Seamer 2 From Here Die stationed in south Germany. by her home early Sunday mornTimes State Service came from Ernest Weaver, 45, of were killed yesterday in an au-

the conclusion of summer ses-|government had ordered the dis-|

Ings. builder makes a construction Joan, Then when the house is up! he switches to a building and loan | company or an insurance com-|

pany. That rubs banking feath-|

ers the Wrong way.

Local Issues

) Sept, 11 STOCKS . States pid |. of Ayrshire Colleries com . 1s . 8. Ayres 444%

so “43%! | “r-

Theater oom Com un 4% pid Cummins Eng com ...

solidated Contin-Car-Na-Var Delta

dpls P & L com ....... dpls P & L 4% pfd ........ = WFC 0 GO — rrr *indpls Water Co 5% pid ....108 Indpis Water 44% _ opto . Jefferson National Lif

— $ >

8Ex...s 53.

= SRBuNS

——

ee ‘¥R IR RE

{same date a year ago: - } Cases | 1950 Asked [1949

lin Allen County,

Zt] § = a L— 9-1 -50

Arts, and Carolyn Ann Wiggers, |the life of laymen. 330 E.:13th 8t; ‘Bachelor of]: Bcience. - | {church officials were

| —————— re

State Polio Totals.

since Jan. 1, compared with the ment had demanded.

No. of | Deaths Contes Y* S. Statement 202 15 56 705 70 68. men New cases-reported today: TWO pared one in DeKalb pyences 4 Receipts

| WASHINGTON, Sept. 11 (UP)—Government expenses and

fiscal year through with a year ago

County. Receln : Deaths reported today: Mary Cash balance _ 4.995.204.475 Arlene Gerdon, 8 Ft. Wayne: (AL lle ory SIEGE len County) and Barbara Tom,| INDIANAPOLIS CLEARING HOUSE ng ‘ fy

14, Butler (DeKalb County). Sleatinse -

075

5. 3,

Today's Weather Fotocast

rg 2

Sashes

POSITION PLOTTED AM EsY

HURRICANE MAP,

$26,370,000

TONIGHT AND TOMORROW—Swirling winds will stir up gales and rain : ast tonight and early tomorrow. Northeast storm warnings were displayed | Hatteras to Cape Ann as the Atlantic hurricane moved northward.

ng th f |{in Budapest churthes yesterday lice two shots were fired in the Col, among those awarded degrees at disclosed that the Communist alley near his home.

Mr. Weaver had previously re-

slons at Northwestern University. solution of all but four of the 67 ported he had been threatened.

Mayor Feeney said he was in-

{clined to discount the reports as More than 10,000 monks and “coincidental.”

Had No Notification

Reports had reached the

The-letter: said that although mayor's office of & proposed meet“deeply af-/ ing between municipal union offi~/ John Jacob January, 29, and Miss |flicted, and nothing is left to us|clals and the mayor®Mr: Feeney but to protest,” the church would #faid he had had no notification ask the blessings of the Lord on!of such a meeting unless they re- | Mr. Peelman and the Januar Today's polio totals in Indiana the agreement which the govern-| ferred to his appointment to jeft Indianapolis early Saturd

The mayor had previously de-

receiwts for the. cur- clined the. invitation to speak; Sept. 7. com-'gtating -he digffiot wisn to emLast Year barrass his ‘friends in the AFL. .845.215.253 However, a letter’ from Clyde F. 822 | McCormack, business manager of 4ij the Central Labor Union, sured : the mayor he would

. asbe ost welcome.

- bankment. oo

and a woman was killed in’ {Indiana traffic. | | Dee L. Peelman, 53, 3024 W.| [Michigan St.,, and Mrs, Pauline (January, 63, 272 N. Elder. Ave! {were killed in a head-on collision| with a car being driven by an Otis, Col, man. = t Injured. in. the. accident. were: {Mrs, January’s son and daughter.

Nell Wilma January, 30, both of! the Elder Ave. address. | ys| ay|

[speak before the 65th Annualifor Las Palomas, N. M. to visit| re nee eee -—|State Convention of the Indiana Mrs, January's brother, Charles!

{State Federation of Labor to-|Hauck. Mrs. January is survived| morrow.

by another daughter, Mrs. Cafo-| lyn Rayborn, Indianapolis. i

In Indiana traffic, a 42-year-old [=

Seattle, Wash.,, woman was killed’ in an accident at Pimento, in Vigo. County. i Mrs. Madelon Holt, driving ialohe-on-U:-8.-41;-lost-control “of |

|her car. when a car furned into!

the path of her vehicle. i Her car traveled about 100 feet {and then plunged over an em-!

Times State Service | LAFAYETTE, Sept. 11 — The Indiana State Soybean Field Day will be held tomorrow on the Ward .Lewis farm near Remington. Two thousand farmers from Indiana and northeastern Illinois

would authorize a mass-round-up hi u of Communists at the first sign of Gibson, took over his new duties

The mayor had no comment an invasion. It is a substitute for

today at Ft. Harrison. 1

Harry A. Welsch as the Indiana | District commander, formerly was in command of the St. Louis Administration Center. Col. Welsch will resume his former {duties as Senior Army Instructor {for the Organized Reserve Corps, | of Indiana. | { The new commandant served {as civilian personnel officer at | Eighth Army Headquarters in

{Japan from May, 1848 to Nov-|

mand of the St. Louis Center in 1949.

| vember of 1948. He took wai

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Local Produce

Carbure

Regs—Curtent receipts 55 lbs. to case. 31¢c: Grade A large, 43c; Grade A medium, Re Grade B large. 30¢. and no grade, Fouts —rowis 4% Ibs. and over, 2lc; under 43 ibs. and Leghorns, 17c; cocks stags, llc. and ‘No. 2 poultry, éc less

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USW International Secretary than 4000 Hoosier hog producers David J. McDonald and General are expected to attend the 30th Counsel Arthur Goldberg insisted annual Swine Day Friday at Pur that the “fabulous” prifits of the due University. steel industry must be shared. |

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