Indianapolis Times, Indianapolis, Marion County, 13 June 1951 — Page 23
NCE
i
ET i ET Pe a . : EH .
® ¢ - x
WEDNESDAY, JUNE 13, 1951 :
‘Wage Decision Will Affect
oday »Business 13% Boost
Rollb
ROLLBACK THUNDER leaded skies.
But the storm hasn’t broken. And when it does, it may be more noise than price- millions will be affected by
quenching downpour.
Look at it this way. Trade rides a restless sea with an (starting today among the
automatic compass which ad-|
justs its price needle between ,. gneve it went, but it did go.
supply and demand. The government has business off the automatic com-| pass. So the tiller needs constan
adjustment. And a wise captain. = s »
THERE NEVER HAS been
anyone smart enough to outguess ... hare
the buyer and the seller at the same time. They tighten up, loogen up. They are ruled by anxieties, real or imaginary, or over-confidence. | Talk of a clothing rollback will, probably be mostly talk. | Men's clothing may even go higher. Some suitmakers have, been operating on old wool stocks. Today they'd pay more, charge more. { 8 an | DEPARTMENT STORES keep| the pumps running with sales and, promotions to make buying an ex-| citing adventure. They pricetease. Some wring their hands publicly in anguish over inventory cleanouts. But they roll right along. |
told me today that the historic markup rules the business. It covers selling cost, fixed costs,| taxes and a small profit. But they have volume. That's their secret. 8 = ” I DON'T THINK the merchan-| dising world is going to be upset, or even turned back too much. In Washington the talk is always) louder than the do. Since the automatic compass has been disconnected from trade, look for shifting rules. But there'll] never be enough rules to govern| a woman’s wishes and wants at, say, a cosmetics counter, or a
dress rack. ” . »
THIS TALK ABOUT a stretch-| out of the payment period for| automobiles and appliances under Regulation W has sense to it. Behind it lies the sinister fact] that some warehouses are full of] appliances. Used car lots sre choked with recent models. TV| sets are piled up in hack rooms) under the shadow of the shifting]
{
|
Getting Louder
By Harold Hartley
| And that ties in with the short ymited to 10 per cent above the taken age of butter.
{fruit flavoring, it can’t go intol, ! butter. [rage
recommend that you shower i§ (with salted peanuts.
cows $27.50 to $29.50, odd good
.. THE INDIANAPOLIS TIMES
Being Favored By Johnston
Won't Quibble
Over Fractions
By FRED W. PERKINS Scripps-Howard Staff Writer
WASHINGTON, June 13— Wages and salaries of many
ack Noise
is growing in the inflation-
several days of discussions
~—118 members of the Wage
knew for sure why it went away, stabilization Board. Wages raises generally now are
It the cream is|page pay level of Jan. 15, 1950 frozen with sugar, vanilla, OF The six labor members of the board want that limit a |raised to at least 15 per cent. SO YOU CAN take your butter| INC, SiX management members with chocolate sauce and still get want it kept at 10 per cent. And the six public members apparently favor 13 per cent, which And if you want it yummy, lis the preference of Stabilization x | Administrator Etic’ Johnston, who . ” must approve the board's action A ‘tin roof” we called it Inf this instance. The “Johnston formula” fis ‘based on the latest cost-of-living
knee pants days.
Hog Prices Off 2-40c; Trade
Living Costs Rise Mr. Johnston said he would favor |
{boosts recently approved for a Trade opened fairly active to-!
day at the Indianapolis Stock. Million Workers yards, with prices on barrows and manufacturing.
Fairly Active jan additional 2 per cent, in har-| L C : |mony with the posuciey [08 aw ases son. | ;
in automobile!
|
to 40 cents from yesterday. Mr. Johnston said he wouldn't| quarantine.
Hogs, 8000; moderately active. giubble about fractions. Hence—| Bulk choice 170 to 250 pounds $22/13 per cent. | to $22.75; mostly $22.25 up, top| The 10 per cent formula
to $22.25; 270 to 325 pounds $20.50 of organized labor, was doubled ...... owners must pay up cartoons occasiona
to $22; 317 pounds $21.50; few|in size and given additional
near 400 pounds downward to powers. a
|igures from the U. S. Bureau of ge = » Labor Statistics. Fairchild Seeks They show a 10% per cent rise . i. . since Jan. 15, 1950. In addition, ti Fines in
‘he wil! seek stiff fines for violaOne of the biggest merchants gilts of 250 pounds down 25 cents| That makes 12% per cent—and tion of the county's new dog ,.uenapers and - allied publica-|
has Sunday, authorizes police to im-
$22.85; heavier weights aboutibeen broken several times since pound dogs for running at large years old.” said Bil. {steady; 250 to 270 pounds $21.50 the wage board, on the insistance for three days. To obtain their; :
draw "Sandy Hill."
He's in Times Now
All About His
Bil Dwyer, creator of The Indi-| anapolis Times’
Prosecutor Fairchild said today ready can look back on 37 years
| tions. The quarantine, effective last|
!ledo (0.) Times, and at 14 I got
0g ‘taxes'and have the animals’, job there at $3 a week, which
PEN PALS—Hugh O'Donnell (left) and Gene Feingold, Times cartoonists, watch Bil Dwyer May 15 why federal government s enn eral J. Emmett McManamon and Sandy Hill' Creator Knows: wer once” pies
newest comic/ Louise Fahle, daughter of Mr. strip, “Sandy Hill," is 44 this sea-land Mrs. Frank A. Fahle, 1412 IN. Bosart Ave. But the affable cartoonist al- ithe Dwyer family would stop off sat in on the hearing himself. It |here during its trek from Des was the first time in his adminislof part-time and full-time experi- Moines to a new home in Ashe-itration that he had taken an acence in one branch or another of ville, N, C.
{terial on Canadian customs, fa- pyle against the state, the Attor“I was standing on a box to mous persons |operate an old, flat-bed press in dates in order to provide au-agk for a judicial review. { Perrysburg, O., when I was 7 thenticity for “Aunt Rake's Alimanac,” a Sunday feature which’, Co that it will 1 me \
“At 12, 1 was petidilng sports he hopes to make popular with lly to the To-|our neighbors to the north. for the Governor to call a special
By IRVING LEIBOWITZ Indiana's final plea to save an $18 million federal welfare grant will be made tomorrow, accordling to officials in the state's attorney general's office.
A 65-page brief, re-emphasizing the state’s position on the con-
eral Oscar Crawford. & In the brief, Mr. Crawford states that the Federal Security {Administration has no official rules governing such a situation, He d they have “merely interpretations.” Warned State
The state's welfare funds were threatened when FSA Administrator Oscar Ewing warned state officials that opening the state's welfare files to the public is contrary to federal law. The 1951 state legislature, in| defiance of the warning, removed
the secrecy provisions of the state law.
As a result, Mr. Ewing ordered state officials to- show cavse
gshonld not halt the annual wel. fare grant. At the hearing Attorney Gen-
that the state law was not cone trary to federal law, They also said that FSA has no law to sup-
Character nt port their plan to withhold the
For one, his wife is the former grant. Sat In on Hearing
She made sure! Mr. Ewing, a native of Indiana,
tive part in a hearing.
For another, Bil needed ma-| ‘In the event federal authorities
and important ney General's office intends to
Statehouse observers also be
session of the Legislature to find additional money to pay the “I started my research in the state's aged, blind and dependent
Couldn't Find Data
$19.50; 120 to 160 pounds $17.50, The new board's record in wage, vaccinated.
[to $20: sows steady but some in-/cases is pleasing to the labor|
550 pounds $17.50 to $19.50. Cattle, 600; calves, 300; active, cent formula. all ‘slaughter classes strong; few| Exceed 10 Per Cent
lots good and choice light steers and mixed yearlings $34 to $35.50;] The latest instance came yescommercial and good $31 to $34;/terday when the board unanichoice to prime 775 to 825 pound mously okayed wage raises won
heifers $35.50; commercial to choice $30 to $34.50; commercial Tecently by about 135000 mem-
$30 to $32; utility $23.50 to $26.50; road Trainmen. | vealers very active, mostly $1 Some of the trainmen increases)
higher; choice and prime $37 to went far beyond the 10 per cent]
$38.50; commercial and good $30 but the board said the average) to $36.50.
was 5.3 per cent above the for-| Sheep, 100; rather slow; early mula, when cost-of-living escala-|
lor. | | High aves oo (sales and most bids fully $1 oritors are included. Omitting the
1f the government stretches the payment period for cars to 18| months, as it was rumored—and I don’t care much about rumors —it would step up sales. n s »
AND I LOOK FOR lower TV| prices. And that means only one] thing—supply is getting ahead of demand. So the Federal Reserve, subbing for the automatic com-| pass, could easily change the| course to longer payments to move the goods, prevent dumping, and keep factories running.
” » #” DON'T FORGET WAGES. While the government runs on the oil of politics, which means wooing votes, it has to try to get prices down, and wages up. And that’s trying to be blue and green at the same time. And who would be silly enough to try
more lower; one lot mostly prime 84-pound spring lambs $36; small lot good and choice shorn yearlings No. 2 pelts $26; slaughter ewes scarce, nominally steady. Bulls steady; commercial and| good $29 to $31; cutter and utility $25 to $28.
escalation, they averaged 12 per| cent above the frozen level. | Board Chairman George W.|
Taylor said that since escalator!
by Administrator Johnston they!
Mr. Fairchild
offense.
Situation‘ Critical’ “The situation here
bers of the Brotherhood of Rail-|critical than the average person
realizes,” the prosecutor
{ {included emptying the Wastepaper ;rarjes in Des Moines,” said children. said violators baskets.” terests bidding 25 cents lower; members, because in every im- wii be prosecuted in Beech Grove early bulk good and choice 330 to/portant case it has approved ang Speedway magistrates’ courts |wage raises above the 10 Per gpg in both municipal courts. He) pointed out the penalty for the Southern Ohio, through attendance} {first offense is a maximum $5002 h { fine and $1000 for the second University, from care Just what I wanted in Central Ligraduated, and through the yearsii, ,., an the service was won-! I ho th le here! who fell in love early and per-| appreciate Re Pad 1! {s more manently with printer's ink and yy rary they have,” he concluded.
Bil, “but I couldn't find what I Still a. Farm Boy ~ |needed. I looked in several other! ibig cities as we came eastward, All through high school Ini, ., gon couign’t find it. | “But the ‘delay en route’ really!
t Ohio State University and Yale 'paid off in Indianapolis. I found
since, he has remained a farm boy derful.
{the drawing pen. | His fast-growing popularity Gegrae C, Hayes
fir. Crawford said he would airmail the brief to Washington tomorrow to beat the June 15 deadline set by Mr. Ewing. At the same time he said he intends tod send a telegram notifying the federal authorities that the brief is on its way.
oe
: J4 INDIANAPOLIS TIMES : ¥ ; PR
214 W. MARYLAND WE
2 Hc Bo A, 2p
x & =
& OR vo
-
AN NOUNCEMENTS ;
og EN Rn SI No Th
Truck Driver Has
“We intend to prosecute offenders world of experience in his field,
{plus the ability to portray acvigorously and ask the COuRE urately the quiet farm backor severe penalties. \ground of the Middle West, The seriousness of the rabid-| “I thought the strip would ap-
cities and towns,” said Bil
t » i } |peal primarily to folks in smaller by Kirby Mortuary, Ese Term dog menace is shown by the fact Peal p y Mr. Hayes, who was 65, died
that 96 cases have been reported) in the county this year, Mr. Fair-| country snapped it up.
child said. |didn’t go well Some 2200 dogs have been killed places. Right now I'm sold to!
iby vehicles (on city streets this85 news apers.” clauses had been aprpoved for year, indicatihg the large num- y non-operating railroad employees, per running unleashed,
He is visiting Indianapolis this | week on a two-fold mission. |
z must’ be applied favorably to op-| Margaret Is on List erating employees, such as the
‘ . y trainmen. | Of ‘Best Tailored Women | He said no consideration had
NEW YORK, June 13 (UP)— been given to possible impact of| Singer Margaret Truman and this decision on negotiations still newly nominated Federal Judge 80ing on between the nation’s Frieda Hennock were listed by railroads and three other unions the Custom Tailors Guild of —the Engineers, Firemen and America today among the 10 Conductors Brotherhoods.
“best tailored women in ~~ a . America.” Local Truck Grain Prices Ww. ’ - - inners in the guild’s third an Yo. 3 Cor wheat a.
nual poll were Miss Truman, con-| No. 2 soybeans, No. 2 oats, 80c
i
that except a chameleon or a certs; Miss Hennock, public life;| No: 3 Se “ooin. $1.68.
politician. But the knows how.
politician Lilli Palmer, stage; Margaret| No- 2 yellow corn, $1.60. { Phelan, supper clubs; Mrs. Harri-|
|
son Williams, society; Lauren Local Produce
» ” » HE DOES IT WITH words. And| Bacall radio: Col. Ger { , > . aldine P.| Eggs—C t ipt " | that's the thunder you hear ih May women's air force head, mil. |% reg bar By ng WR Reg Wo By
B. Large, 42c. and Grade A medium: 43c:|
the inflation sky. |itary; Arlene Dahl, screen; Abbe 29,5rade. 33c
My guess is there won't be much rain.
Foods Fall
THE THINGS we eat cost less this week. The figures are not mine. They belong to Dun & Bradstreet, which keeps a finger on basic foods. D&B reported -that. wholesale food prices have fallen to the lowest in six months. But it still costs you 18.6 per cent more than before the Korean War,
We Won't Starve YOU'LL BE DOWN to 10 pounds of butter in the next year. That's what the Department of Agriculture says. But who cares? There's always jam and oleo.
Poultry—Fowls, 4% Ibs. over, 26c| Lane, television, and Mrs. Harry under 41, lbs. Bo iL nad oc: Te E. Gould, hostess. and stags, 15¢c, and No. 2 poultry. 4c less
an No. 1. Butterfat—No. 1, 62¢; No. 3. 89.
Local Stocks and Bonds
Mrs. Lovie Green
Services Arranged
STOCK Mrs. ‘Lydia B. Green died yes- American Loan 8% pid ....... 96 terday in her home, 926 N. Mis- American Bisies fa 11Ill0 souri St. She was 38. A resident|L’ phys nn Sot
of Indianapolis 20 years, she had|Belf BE & Stk Yds ntd
Asked
oo
been employed as a maid. Bobbs-Mertill Ko Som =n » Services will be in the family|Central sony P10 44%
birthplace, Henry, Tenn. where Shamb of Com com .......00 she was a member of the Baptist fom Loan s pid po . Church. Surviving are her husband, [Eoue; go Sanghter, Miss Lamar- matita Klee com a garet Gordon; a sister, Mrs. Dor- te ies som ren Tharp, and a brother, Amos, Eau table Securities oi ..
amily all of Henry, Tenn. Family Finance 8% pd’. ww .
The other slight shortage—and | nays 120 pid senses the men will love this—is in fresh ||) §. Statement erfl-Jones cv A Did. . vegetables, off about 8 per cent. | Hook Drug Co com . And they can have mine to make, WASHINGTON, June 13(UP)—Govern. 10d Asso fers pd the shortage ment expenses and reall] for the cur-|jng Asso Tel 3% vfd. up the shortage. rent fiscal vear through June 11, com- jog Shic, am at com. . I'm a beet and ham boy from Pared with a year ago: 157 Mish 510% pid... : rel ® ter ‘way back. And while beef 8| Expenses $ 40.365.310.431 s 36.110.08, Indsnnapolis™ tater un i he Be scarce, there's plenty of pork. I'll|giroine Inia 3Sas634101 *Indianapolis Water 3 Bid 1.108% 1084 settle for that. Defloit —einise Jaspal anapolis Pow & tii BM 3% ow ash Bal 4.005.101643 3064.878:074 Pa w & Lishtprd. 99 © 10 » Public Debt 234.863.366.013 238.310.210.808 | {NRIs Duh, Club, Realty Co... 81 84 Double-dip . ,755,001, 24,231,820,110 jefferson National Am 1% THE ICE CREAM business is oS PIAvafoLls CLEARING HOUSE Kingan % to pid vite’: a 3" i aaah ] n = coming back. In fact, no onel FEuEnes - s:xer 0 S1L00S Lynch Corporation. . ... iy HH . Arion Herrington com % 5% Nat Homes com ...... * 98 id Nat Homes pid s +100 103 "Nha Bub Serv 40s pt 98 00 N Ind Pub Bery 41a pF. oii. 31% 33 *Progress Laundry com ....... a1 3 Bub’ gery of PC 350M 0d senns u i Pub Serv of Ind som "1a «ot 3 Ya ti 88 Gear Tool com ........ } . . - hwitzer-Cummins ptd 3! 1» pr ; *So Ind G&E com ...... . 21Y | 25 Sh gar ain al al a Qf st N - “N > - uy 7 | ote awa iy \ Xe Tanner & Co 8% A lily ~—.]. ’ hw ) : Terre, Haute Maileable Yo 3% > - Ll Le. 8 Machine Co ree seve kre Ce Dh i nited Telephone §% oid’. vere ar x: 5 oy WE niod TING ..uicoicuuviae PR A anne ny [FFE wn BONUS wren h Allen & 8 BE, en Puen ORT. WORTH American n 1059 8° .- “ener Fin American Loan 43s 60........ er BAILY CLOUDY AND 5, ns American urity 5s 60.. anes
CLOUDY ARIAS
mir
forecast fof
% 00 ME US PATORS CORN 1951 (OW LB WAGNER ALL BINT RESINS,
TODAYSAND TOMORROW-—Continued damp weather in |§ Bei Mn" " i oosierland with little change in te ture. Scat. |Eaper Arts Co 31 tered showers are due in this ane a Jemperaiie : orague Devic Wo 102%
y sees Si gy IE
FOTOLAST' 4 vane [77)me Gem? OWES low
a y STORMS
Ea RAIN
— Egypt's royal honeymooners, |
..|men, the crowd or even Italian were standing and carrying lug- **{ police.”
‘ithe Egyptian ** |Italy, announced the king's desire passengers were rushed ashore to _|for privacy, strict security and po- make way for Farouk’s arrival,
‘Peace . . . It's Wonderful'—
Honeymooning Farouk Pulls Royal Guff on Hoi Polloi
By United Press lice measures were taken to pro- Million Dollar Title
ISLE OF CAPRI, Italy, June 13 tect the royal couple. The king was dressed in a
1
King Farouk and his 17-year-old Powder-blue yachting suit with a commoner queen, arrived here to-| huge olden ig emblem on his, day aboard their yacht, with two left breast. The uae wore 3 destroyer escorts and a retinue USht summer frock. They went
of more than 60 persons. by limousine from the yacht to|
The party included 20 blond andthe hotel. They were expected to
red-haired attendants for the Stay for about a week. Queen Narriman. Before docking inside the small]
Farouk took over the ‘entire Pay of the Marina Grande, the 150-room Caesar Augustus Hotel Yacht Marussia circled the island. |
k8 and made it clear he wants “to Harbor police stopped all other was a British baronet. lpeen taken.
be left in peace.” {traffic and the Naples-Capri He informed authorities on this steamer Italia was forced to stand romantic island that he will “not by for more than 30 minutes while tolerate being bothered and will Farouk finished his leisurely tour. leave the island immediately, if| Hundreds of perspiring passenhis privacy is broken by press- gers on the steamer most of whom
igage, raised such a howl of proMohammed ‘Abdel Azis Badr,|test at the delay that police finalambassador to!ly allowed the boat to dock. The
FOUNDED 1913
Getting the right type of
Brokerage Service
In seeking good brokerage service, you will be wise in selecting an organization that has extensive facilities for keeping abreast of developments in industry and finance. Thomson & McKinnon operates 38 well-staffed offices in the United States and Canada. Each office is so organized that you can obtain the personal attention of a capable and experienced executive. when desired. He has been selected for his judgment and experience—and is reinforced by data and reports prepared by the staff of our Investment Research Depart. ment. If this type of better brokerage service appeals to you, why not call or phone us for further information?
Write for our booklet "Serving the Investor”
THOMSON & M¢KINNON
BROKERS IN SECURITIES AND COMMODITIES 200 Circle Tower Bldg. ~~ MArket 3501
Offices in 38 cities in the United States and Canada
MEMBERS NEW YORK STOCK EXCHANGE AND OTHER PRINCIPAL " SECURITY AND COMMODITY EXCHANGES - on
said. with “Sandy Hill” stems from a
“But every metropolis in the yesterday while attending a sales And it meeting of the Yale & Towne in the smaller! Manufacturing Co. in Chicago.
{a son, George J.; and two daugh-/{ruck.
Services Arranged
i
24 Wallace Lane, will be Friday.| Arrangements are being handled]
= Services for George C. awe LITER Hope of
Times State Service CROWN POINT, June 13—Faecing a 912-day sojourn in Lake A native of Hartford, Conn. County Jail here unless someone Mr. Hayes was a graduate of ican forward $911 to cover his Fordham College. He was eM-/fine, an Indianapolis truck driver ployed by the firm as a salesman today saw little hope of outside for 16 years. : {help. A member of Our Lady of Lourdes Catholic Church, he hag? Sh Wesley Lewis. 37. uf Ls lived in Indianapolis 11 years. [sentence in default of the fine Surviving are his wifes Anne;jeve] on him for overloading a The truck, owned Mr, ters, Mrs. Fritz Bernardi andignq Mrs. L. W. ned InMiss Eileen Hayes. dianapolis, has been impounded. It was leased to Sims Motor Transport Co. of Chicago. Neither the owners nor the Inas and 10¢c Stere leasees have offered to pay the WELLINGTON, New Zealand, fine. June 13—A new air of distinction| Lewis, whose wife is expecting, has been added to a Woolworth's is the father of six children. He store in Auckland. {said the Sims Co. offered him a It came when sales clerk Rob- bonus to drive the over-loaded ert Burton-Chadwick was notified truck. . at work the other day that his, Under the new 1851 overweight father in England had died. truck law, the truck might be That made Clerk Burton-Chad- sold at auction to pay the fine. wick “Sir Robert.” His father No action along this line has
Qf enuine Sour Mash is your Key to True Bourbon Satisfaction
You'll accept no substitute once you experience the deep satisfying flavor of genuine Kentucky SCUR MASH bourbon, made in the self-same way which brought fame to our State asthe home of fine whiskey. Since 1870 Old Fitzgerald has been made in no other way . . . today is made like no other. Make it your key to true bourbon satisfaction.
al HIZGERALD
Genvine SOUR MASH Bourbon
OLD FASHIONED oo AL SOL in Sl
A MOT BR B53, ll
A
Burial
on ND ]
Stitzok- Weller Distillery, Eh Louisville, Kentucky, 1849
100% BONDED KENTUCKF STRAIGHT BOURBON WHISKEY ~ |
-