Indianapolis Times, Indianapolis, Marion County, 29 May 1951 — Page 8

Today »Business Is the Market ‘Shot'—Well, No

By Harold Hartley

Skid, Weak To 25¢ Lower

Trade Opens Rather Slow

\ ~ fins I) ” Hog prices cont nued to skid at ARE AMERICANS “oversold,” loaded up? Is the he yards this market shot? morning. Early sales of choice light to medium weight barrows

Don't think so, for a minute. : RE a re: Verne Reeder, president of the Producers Council, jower than yesterday.

{als nded me the dope. Hogsy 10,000; opened rather made up of materials men, ha d } slow; later trade all weights most-

Twenty-seven million have no kitchen sinks. And ly 25 to 5H0 cents lower; early ’ — y- hv fe - “9 : ’ ” 13 ash : © choice 170 to 240 pounds, $21.50 to 17 million hore emt panies, has sent up his own warn- g21 75: around 200 head $22; later clothes inside the house. ing smoke signal about credit trade $21.75 down; 240. to 280 Forty million have neither cohitrols. A founda Sens th $21 choice ‘near uh’ , . or 240 pounds $21.25; numerous § r. And 22 million He can't see where consumer bathtub os ylumbing,” as controls have done muc h to trans- loads medium and heavy weights Dave PY nside | ’ "fer critical raw materials and unsold: 120 to 160 pounds, $17 to ey say it. ? $19; sows around 25 cents lowe i ; manpower from civilian to defense >19, 20 $ r, A million families need new manj some bids off more: choice 300 to

homes right now. And while the manufacture, government's made it next to fm- What has really happened is weights, $16.50 to $16 75. possible to buy them under credit that Regulation W has washed "(11a 1400. calves 300: less acrestrictions, that doesn't ease the out some -of the marginal pus= tive than Monday, early sales picture, . chiasere who used is buy on lean qq mediumweight steers and . =» erms g shoic pe : . good .and choice yearlings about THE BUILDERS WANT to . wo steady; w bulld homes, The materials AND THERE ARE people who J eri¥: Talking lower on good to makers want to do business. And who will tell you this is pretty , = J, pound steers: heifers the public wants to buy homes onisound. It means simply that a y

500 pounds, $17 to $18.50; heavier

; : steady; load 1100-pound the same easy terms toy Dave man must make more of & dOWN goers jy top half choice grade enjoyed for the last couple Of payment, $36.75; small lots choice yearyears. : b nergency lings, $35 to $36.50; good and low] e up. But As with the other emerg yi i | ) Home prices have gone ed laws, the power of control credit choice held $34 to $35; commercial stopping 2 8 a le bid up old Will expire on June 30 and Con- mixed color steers held near $30; inflation. People simp will have to do something, 800d and choice heifers,

he race between the gress ag Tomb ff pay envelope either throw it out, or make it is as hot as ever. easier. My guess Is that credit ¥ 8 controls will be pretty much the HERE'S WHAT Mr. Reeder same after June 30. passed along to me about build. what might be done is to reing. And he ought to Know. gtore controls for a shorter time. He's in it in a big way. There 1 that way we could shake them are four things people must Dave off sooner, If we got the chance. in a building, whether it is a home or a ny So Soon?

active, steady; choice and prime $35 to $37.50; commercial good, $28.50 to $34.50, Sheep 400; slaughter strong; choice to prime native spring lambs $35 to $37; load choice and prime 116 pound fed shorn lambs No. 1 pelts $33; small lot $33.50; good and choic - The price must be what the) qn yg HARD to believe that weight St) or nai igh buyer can handle. with the sale of summer Wear 4 «i550 to $18 Tt must be what he wants and hardly under way, stores are al- : Se

and hours.

lambs

Happy

needs. Must meet his require-,,54y peginning to ponder what Bulls. steady; jcommereial and ments : women will wear at the first good, $30 to $32.50; cutter and ; “ 8 9 utility, $25 to $29.50.

brush of autumn,

THEN IT MUST be good to look at, easy on the eyes. | And finally, but very tant, the buyer must be protected against his own inexperience.

This is a long shot guess, But i " . » . impor- It comes from one of the leading Edwin Aichhorn,

buyers. He tells me women are

going to be feminine again this . : fall Bell Official, Dies «That's where the character of

“ the builder comes in. He knows Dark grey will be the domwhat's right. And that's why inant color’ in early suit lines. y,., Indiana Bell Telephone Co. gome of the older builders do And this should please the men. meia] who died yesterday in

more business. They've stood the! For a long time they have Methodist Hospital, will test of time. thought that women wanted to 1:30 p. m. wun until——even past—the last And with profits frozen, in the be something other than women. Mr. Aichhorn, who lived at’ V grocks y Bld Asked moment of legal aualiticeation minds of a good many Suliders fat 21Ways bothered tem, And 161 N. Sherman Drive, was Soi American States’ Cor rang [on egal 4q z there is no reason to keep" the ones tha alke 0 say, mercial supervisor for Indiana American States p . 28 oi \ brakes on an industry when it," ‘they want them to be women Bell, He was 44. oa Egy com ... 103 108 Fonder Last Man out : can provide so much in better and nothing more.” A lifelong Indianapolis resi- Belt RR & Si¥ YU3 92d mses s 83, 18 He watched apprehensively as Mving for people who actually can| That shouldn't be so difficult, dent, he had been employed with, Bobbs-Merill ‘com... George Fonder, in the Lutes Soe afford it if given enough time toy bi the telephone company since his Central Soya i ans, tial, attempted to rack up a four pay it off, Iwo Habits graduation from Technical HighiChamb of Com com ... a Average faster than Mackey's ‘ rear , a 5 : ¢ 31. »s an hour. no. | THERE IS good news for those School 28 years ago. He started Com Loan ¢vfd =~ 0 73 mile i THE ALTERNATE IS, that people who think that we are Nis career us an appraisal engi- Cuminings Enz pid yo Fonder, last man out, took a with enough pressure on Wath running out of money. neer 5 ’ Gohsolidated an 3 vid 1 ciple oe gratlics BPs Bid hi ington, the government will prob-| : Mr. Aichhorn was a member of Delta Elec cem ‘2 tually s 5 as ably set out and build Yental pp ok J: Li Jay, Jresident of »ion Evangelical and Reformed Eauitable Securities "com : the 1 p. m. deadline--but couldn't projects itself. |Loan League comes i nge a Church, Scottish Rite and Centre| Eauitabie Securities of ..... get enough speed to exceed Mac- - : o > ’ " ce 5% Cima 100 Key's average. And the boondoggle—remem report of a $305,000,000 of a gain Lodge, F&AM. He also belonged Family Finance 5% ld ...... ®) \yerage. ber ?—will be back in all its tax- in savings b "the sociati to the Telephone Pioneers of Hamilton Miz Co com . I didn't think I was going to paid glory. during Rs Pah ge ie America and Aeacia Pin Club, | Hatll-Jones cx A pH ..... 11¢'make it,” said Mackey, who qualiHe is survived by his wife, Hook Drug Co com 19 fied earlier yesterday morning, will Roses Be Red? 1hia year, {Doris L.; his parents, Mr. and tnd Aan Tel ora crises 50% “because so many guys were WHEN the Supreme Court] THIS DOESN'T sound like they Mrs. Christian H. Aichhorn, and [Ind Gas & Wat com on 103 * waiting behind me to run. handed the roses to CBS for its|2F¢ running out of money to me. his sister, Mrs. Alma A. Striebeck, Indianapolis Telephone 4.8 ... 98s. “And that car was it.” he concolor system, the television indus- As long as they are saving ita]l of Indianapolis. polis Water 4'a pfd |. 101's 104 tinued. “If I didn’t get in the race try began seeing double. for a rainy day I shall never Pallbearers will include Edwin Water 50 Did on 1313¢ '30../with the Karl Hall Special I'd Double trouble, that is. [re lack of buying power. |Striebeck, Herbert Swiggett, Rob-| Pow & Light pfd 88 ° 101 "have been out for good. I didn't TV was just getting over a long| What I suspect is that those ert Johnson, Homer Seich, WIl- Indianapolis Railways com 4 sta have any other car lined up if I soft spot. Sets are moving again |Who save are habit savers and liam Hackemeyer, Virgil Goodale, jsaerson National Lize com ¥. Yr2iwas bumped.” Confidence came back after the/!hose that spend are habit Rex Long and R. Ratcliff. Asso-/Kingan & Co pid 637 863 Under even more strain, beFCC socked the trade with a|SPenders. : ‘clates at Indiana Bell will be yich” Corporation oes 15'2 16 cause it lasted so much longer, promise of more than a thousand That is the difference® between honorary pallbearers. Mast Asphalt COM 1: Bn Sjlare drivers Cecil Green and new stations—on a different fre-'People. It seldom changes. : i (Ns Lome] Sop tree 103 alt Brown, who qualified May quency. Yi Miss Odessa Willis IN"Ind Pub Serv com a 21 he 12 and 13 with averages of 131.892 ® = = D | Miss Odessa Willis, 839 W. 29th x i Pub Serv yi 5 tt 21s, 231 and 131.907, respectively. THAT made buyers run to cov- WU@ for Degree St., Set Sunday Ti General Hos- progress Laundry com ....... 21's 43 Brown. especially, provided his er. Some decided to wait untll Dit, Sre da 0 ls. she|Tub, Serv of Jud 3% etd ..... 83, B.friends in the racing fraternity Washington got over its wobbles.!| t West Point native of JDUANAPO IS, Ble car Tom oo with amusement through the two It was just beginning to get its was graduated from Crispus At-|schwitzer Cummins pd 19, weeks between then and yesterhealth back with starch in its Philip Sheridan, son of Col. and tucks High School. 30 100. AE 4.8% old 1c | day. spine. | Mrs. Lawrence V. Sheridan, Bren- Sh¢ Was 4a member . of the! Slokely-yan Camy com 13, Every time another car went Then came the Nine Old Men. donwood, is one of 17 Hoosiers Church of Christ Holiness. Tanner & Co Ala ofe -~ 9 13% out for its run, the friendly. openAnd eight of them nodded pleas- Who will be graduated from the nor yices Yo be at 10 & MirtU'Marhien OF a sioe od aw faced Brown began to fret about antly to Columbia's color wheel, U. 8. Military, THUrsaay in the church. Burial United Toleshons $% ord . 98 , his low average. And every time

will be in New Crown.

Surviving are her parents, Mr. Allen & Steen ” “ 2” and Mrs. Marion Willis; four sis-| American Loan A ates: . ..

| American Security 5s 60. ters, Mrs. Letha Bruce, the Misses| Br at

which made the whole industry, from dealer to manufacturer, Jump as if it had sat on a tack.

Academy next month. This year's class to-

4 ‘ * tals 477 | Bastian . * Betty, Ruth a Gl . | B {lle Tel Yar ives 98 A. T. & T. can deliver color Upon gradua- y rd Gloria, and four Buhner Fertilizer Ss 3 vs

brothers, Robert, Ravmond, Sam-|

tion, he will re- uel and Jerry.

ceive a Bachelor

right now. But WFBM can’t handle it now. And neither can the

120,000 sets which sit at WFBM's of Science degree Eta Matt Hamilton Mfg Co 5s 65 . . 99 ringside daily. But the day may and will be com- Ted Lewis Matinee pio Pubite Fg A Ra CL 19t

Ind Limestone 4s 75 nd Asso Tel 3s 175 Indpls Railways 5s 67

come, And what manufacturer would

§ missioned a sec- Tomorrow Canceled i ond lieutenant

Matinee performance of the Ted | Kunner Packing 4s 59 pick up the tab for a Soler pro | in the Air Force. 1 owis show at the Murat Theater Lsngsencamp 5a 08°, gram here if no one could see it? Appointed, n,rrow has been canceled. |Paper Arts Co 5s 58 ........

o -y < oe o eo w le -3 or

If I remembér correctly, CBS Cadet Sheridanfrom the Army, |.wis and company will ublie E ’ . Lewis ear Bx eolor can’t be picked up on pres-| Cadet Sheridan (or one pan ey Pe nr en

ent sets in black and white. was graduated from East High, pn, Tickets are available in

THE INDIANAPOLIS TIMES

Hogs Continue Sweating It Out—

. much higher average,” he

You'll take the roses red, or not! School, Salt Lake City, Utah, and (ne Claypool Ticket Center and Pint Parade’ on Radio

at all.

|spent one year at the University at the theater box-office. “Pint Parade” an

. 8 = of Utah. At the Academy, he was

EVEN WITH THE hardest 3 member of the Debate Council, | pushing there may be no color in|Forum, Radio, Chess, Photo and Markets to Close Indianapolis for a year, more like|Ski Clubs. By United Fress

two. So if you're TV-minded you : All security and can miss a lot of fun in the INDIANAPOLIS CLEARING HOUSE markets will close Clearings $11,522 meantime,

Debits 39.09%.000 Decoration Day. I've had my set since November, Gl and it’s paid off plenty. And my guess is that it will pay off many more times before a sunset in Colorado will look like the McCoy.

Credit Speaks

BOB HAMILTON, secretary of | the association of credit com-

program, will be

Legal Notices ee ec —————————— - ane nsmepamesns | LEGAL NOTICE OF PUBLIC HEARING Service Commission of Indiana Docket No. 23830. In the matter of the joint petition of Public Service Company of Indiana, Inc. and Indianapolis Power and Light Company for the authorization and approval of (1) the exchange of certain electric utility properties and facilities, all in ccordance with a certain property exehange agreement between the parties and 12) the application of present rate schedes of each petitioner in similarly classified areas to the customers in the areas to be served by the electric properties and’ facilities to be acquired by it as aforesaid. Notice is hereby given that the Public ice Commission of Indiana will” conuct public hearing in this cause in the rooms of the Commission, 401 State House, Indianapolis, Ind.; 9: A.M. Central Standard Time, Wednesday, June 20, 1951. Public_participation is requested PUBLIC SERVICE COMMISSION OF INDIANA Arnold J. Atwood Becretary Indianapolis. Ind.. May 26, 1951

LEGAL NOTICE OF PUBLIC HEARING Public Service Commission of Indiana Docket No. 22829, In the matter of the joint petition of Mooresville Public Service Company, an Indiana Corporation, for authority to sell and transfer, and of Indianapolis Power| and Light Company an Indiana Corporation, for authority to purchase and acquire, |

certain electric utility properties and! facilities. of Mooresville Public Service Company

Notice is hereby given that the Public rvice Commission of Indiana will conwet public hearing in this cause in the ooms of the Commission, 401 State House, | dianapolis. Ind.: 9:00 A M.. Central ndsrd Time. Wednesday. June 20. 1951 : blic_participation i= requested. PUBLIC BERVICE SMM SEION

Arner ANDIANA | Shown with Firestone's racin

Sndianapeits. Ind. May 26. 1 TTY 4 apolis Motor Speedway, and Augie Duesenberg, famed car designer, -

WFBM-TV tonight from 11 p..m. . : commodity|te 12:30 a. m. in observance of before I'd knock some other driver tomorrow, the national Red Cross Blood pro-

MR. CHAMPION—When this picture was taken Johnny Moore (center) didn't have the faintest idea he would be named "Mr. Champion" by the members of the Champion 100-mph club. engineer are T E. "Pop" Myers (left), vice president of the Indian-

TUESDAY, MAY 29, 1951

Sin

HAPPINESS BOYS—Cecil Green, the man with the lowest 33 to qualifying speed, is hoisted on the shoulders of Bill Jones (left), a $35.50; cows steady; utility and crew member, and the next lowest qualified driver, Tony Bettencommercial, $24.50 to $29; vealers hausen, as the qualifications ended at | p. m. yesterday They've all got a right to grin, after sweating out a bump for the final

Six Who Survived 'Bumps’ Not to Miss ‘Grind

‘Don’t Think That Wind Didn't Help The Drivers Who Qualified Earlier’ By CARL HENN Some big smiles appeared at Indianapolis Motor Speedway at 1:01 p. m. yesterday. The smiles belonged to a half-dozen racing drivers, .each already qualified as an entrant in tomorrow's 500-Mile Race, each with a speed low enough to have been afraid he Services for Edwin W. Aich- y,,]q he “bumped” by a faster car.

Bill Mackey, young Indian-

ve at Local Stocks and Bonds ,iis driver, sweated it out

the run failed, his face cleared

*- like sun breaking through clouds.

“I'm tickled to death,” he an-

‘nounced yesterday afternoon.

Given A Fair Chance “Not only am I glad that I'm

./in the race, but I think everybody

had a fair chance to qualify. “Actually, I should have had a said. “I made three laps at better than

133 before I took a bobble (skidded) on the fourth lap. When I went out again, everything went wrong.” Brown said he

hadn't even

American thought about lining up another

Red Cross Blood Bank benefit car should his Federal Engineercarried over Ng Special be eliminated.

“I'd sit and watch the race out of a chance at a fast car,” he said. Buck Strong Wind Other drivers with a slight case of jitters included Tony Bettenhausen (131.950), Duke Dinsmore (131.974), Johnny Parsons, last year’s winner (132.154), and Mike Nazaruk (132.183:. If the weather had been ideal yesterday, grinion held, some or all of the lowest six or seven would have been on the outside looking in. But the cold and wind held speed down. “Don’t think that wind didn't help the drivers that qualified earlier,” said Bill Mackey. “It was pretty bad on the south

turns. Everybody said so. It's a good thing nobody was really hurt.”

Find Ships Guilty Of Parking Violations

DETROIT, May 29 (UP)-—The Detroit & Cleveland Navigation Co. was on 30 days probation today for violating a parking ordinance. Traffic Judge John D. Watts found the firm guilty yesterday of mooring two of its passenger ships at a city-owned dock without the city’s permission.

DORSEY

Funeral Home

IR vingten 1173

0f Cigarets Leads

3925 E. New York g

About People—

Students Prefer Exams To Escorting Actress

Boston University male students “Viva Zapata,” and uses a pair

Drop in Sales

To Arrest of Four

would rather study for exams of brown-colored contact lenses A sudden drop in the sale of than go out with for the switch. His original cigarets at Danville.was the clue screen star Es- lenses were stolen by a teen-age ther Williams — fan.

which is believed today to have smashed an Indiana cigaret theft it says here. ring. Journalism Arrested were Edgar D. Ken- Prof. John Glea- J drick, 46, of 934 Graham Ave., an Son said he tried | Indianapolis cigaret vending ma- but couldn't find chine operator; Floyd R. Gillaspie, & student willing 45, of 116 E. St. Clair St.; John to escort ~Miss Henry Davis, Danville, a former Willlams around Indiana National Guard warrant Boston during a officer, and James Waddell, 32, recent visit, even also of Danville, though the job : 3 Mr. Waddell is the president of Paid $20 a day. ( Jet Ace Arrives

the Danville: Chamber of Com- Calling Buck Rogers Capt. James Jabara, history's merce, police said, and last Jan- » first jet ace, arrived in San F! uarv was defeated in the Hen-| Man may float “satellite earths : ' ed In San krandricks County race for sheriff on 25.000#miles in the sky within 10 cisco from Korea yesterday, emthe Republican ticket, years, according to Dr. D. F. braced his wife and promptly ' Martyn, chief scientist of the Aus- was surrounded by newsmen whn

Valued at $6070 tralian Radio Research Board. demanded he tell how he shot Seventy-one cases of cigarets down six enemy jets,

valued at $6070 were taken from Amon Those Present 9 Small World

the Haag Drug Co. warehouse Jere May 6. The loss aa not yay in Burlington, Colo., for the. In Washington, D. C. Sen. Scovered bn e salesman ., ,.ra] of J. W. Gernhardt, 75, Tobey (R. N. H.), emotional checked with the drug chain to : . | ; currently in perfect health. Mr.| . ver of th s t Cri learn why they were distributing Gernhardt will be there, too. He ® nate Time cigarets in Danville. action ed the whole thing at a Committee, found out Then it was discovered the bur- i $3600 because he didn't (The Camel) Humphreys, alleged glar alarm had been disconnected ,,,, AE ; . y kingpin of Chcago’'s underworld, like services given his sister when had flown {ls Ss she died three years ago. a own ere Sunday on the § : same plane as the Senator.

and the warehouse looted. “If I'd known you were on the

Indianapolis police came into the case when notified of the theft ‘Too Clean’ / plane, I'd have gotten off,” Sen. Actress Denise Darcel is be- money told Humphreys.

by the insurance company's prii London and coming jdignant about movie William F. O'Rourke inventoried Toles sans make- Come and Get It the cigarets in numerous Danville up in ragged Or A ¢ter philadelphia Judge James unrevealing C0S- y jgthier fined Frank Muth Jr. tumes. $7.78 and issued a summons for

'stores and recovered 30 cases of the Haag-labeled cigarets. “wr w an ze Tage him because he failed to appear

Old Soldiers . . .

Two’ old soldiers will meet in | Norfolk, Va., today to answer the {final roll call of the Army of the

Confederacy. W. J. Bush of Fitz|serald, Ga., and W, D. Townsend +. (of Olla, La., are the only ones of 5 111 surviving “boys in gray” to N ! travel for the last reunion. Miss Williams .

A large crowd is expected Sun-

Admits Sales

An additional 17 cases were re- | tice!’ she Sor ii Violation hearing, y ; 2: : e e covered with the arrest of Mr. stormed yester- igs goin a Roses Kendrick, who admited to police day in Holl¥- (about 15 « ; he already had sold six cases of wood. “Zatz all] ‘Zou I: cents).

§ “I wish I could be there to zey let me do. I ay you the fine in American luk like a peas- money” wrote Mr.—now Pvt.—

the 23 purchased from Mr. Waddell. He also told police Waddell had

told him he had received the cig- i“ A ON Lan t Muth. “This is all T can spare.” areis in a "used car swap” and! "Alias Darcel cexv Ww : em —————————————— wanted to get rid of them. Sa Sexy i 8 bare Professor to Talk

Detectives said Waddell had sold the stolen cigarets to Dan- Good Samaritan ville merchants at slightly less than the wholesale price to avoid suspicion.

Prof. Landrum Bolling of Earlham College will speak at Deca~ Harry Harran paid $25 in tur Central High School comNDwosso, Mich., yesterday for try- mencement exercises at 8 p. m. ing to be a Good Samaritan. He Thursday. Forty-two seniors will was driving Mrs. Wyganda Crane, receive diplomas. 30, to a hospital for treatment of ~~ me minor accident injuries when he

Gets Scholarship ruissed the hospital driveway and

naged shrubbery. Times Special damage ubber})

NORTHFIELD, MINN. May Cantor lll 29—John C. Raines, son of Bishop

Carl W King & Son nc. GENERAL INSURANCE

230 MASSACHUSETTS AVE.

PHO N E PL asa-2061

IR vington-6350

John C. Raines

g Comedian Eddie Cantor was reand Mrs. Richard C. Raines, 4014 ported in “good condition” today N. Pennsylvania Ave. has been!in a New York hospital, where he | awarded a $2400!is being treated for a ruptured George F. Baker blood vessel in his vocal chords. scholarship at He will remain 10 days.

% Carleton College j here. Teeter-Totter Record University of California stu-

"LIBERAL TRADE-IN |

Ranking in the upper quarter of gents Albert Arnold; 23, and Jim his class at prew, 10, have set a new teeterShortridge. High totter record of 72 hours—if anySchool, John ,,0 cares. They completed their Raines is one of int yesterday, beating the old

six high school n,,. of 54 hours, 53 minutes, 13 seniors - in the _ .. qc

United States to receive the New Look award from Carleton this year. '

An active athlete, he is consid-

Mr.

Raines

PRICED AT

Actor Marlon Brando took a couple of days off from work on

ering entering medicine or the , . .i0 today in Del Rio, Tex. ministry following completion of’ nije his “eves’ were flown in $29995 undergraduate studies. from New York City *e Blue-eyed Marlon portrays a COMPLETELY

Services Tomorrow For Mrs. Genson

PLAINFIELD. ‘May 29 — Serv- DO You Suffer From

ices for Mrs. Neva Genson, who,

was killed Sunday evening in an Sour Stomach—Heartburn

auto accident on U. S. 40 west of |

brown-eyed Mexican in the film, AUTOMATIC

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He was 75. ays Born in Brookville, Mr. Meyn- | Ann Sheridan cke came to Indianapolis 10 years ago. He was a night ... It pays to call

watchman for the Indianapolis) Stone Co. { Mr. Meyncke was a member of | the Brookville Methodist Church, and the Eagles Lodge and Redmen’s Lodge, Brookville. Services will be at 11:30 a. m. Thursday in the G. H. Herrmann Funeral Home. Burial will be in| Maple Grove Cemetery in Brookville. Surviving are his wife, Linnie, | and a sister, Mrs. Bertha Robinson of Connersville.

U. S. Statement

rm eter rere | WASHINGTON, May 29 -UP)—Govern- | ment expenses and receipts for the current fiscal year through May 25, compared with A year ago.

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