Indianapolis Times, Indianapolis, Marion County, 18 June 1951 — Page 15

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CHET IT aa a

MONDAY, JUNE 18, 1951

‘Today ~Business

Taxpayer Still Has the Ballot

By Harold Hartley I TRY TO KEEP my hands out of politics. Too sticky. | But when the leather chair boys take a nip at the wage buck, or where it comes from, I rush in and leave the angels’

I am thinking of what Cale Holder, GOP tallhat, calls, governmental “DDT” debts, death for husiness and taxes. |

The power of 4 p purse .re were doing about common stocks, |

mains, fortunately, with Con-|the hedge against inflation. He, gress. And the purse over|told me investors are holding on.! which it has the power is yours. F¢W are unloading. It can dip as deep as it likes. R:8 8 i rr % a THERE.STILL ARE those who THE ONLY RESTRAINT is| Play the breaks." They put In|

that if it dips too deep, the people 20 order for a block of stock will vote the other way. two or three points under the

So we've got to depend on the Market. When the market tilts, : R guys we sent down to Capitol | 47OP8 its wings for a day or two, Bc ay Hill to squeeze the gravy out of theyre in. + RELIGIOUS PILGRIMS-—Emerging from St. Mary's Church are Father Kunkler, Msg. Busald and the multibillion-dollar tax bill] And when stocks move back up| Father Wells who joined 700 members of St. Philip Neri Catholic Church in a two-hour pilgrimage which is aimed at your bread and|2® they have been doing, the .,ciorday of four Indianapolis churches. Other churches visited were SS. Peter and Paul, St. John's butter. buyer shows a neat little profit. | and Sacred Heart. I know the backdrop to Amer- ann md fcan prosperity. And nowhere| MOST investment advisors are, can I find the government ever on the bullish side, betting on did much to help build Fords or the rise. To me that means the make light. bulbs, people who ‘have the money be- 2 Government always has tried lieve in business, and profits, will 3 to take over business. And this/continue up. is the one spot in the world where! But that’s merely a guess, don't

it hasn't succeeded, not quite, |hold me to it. » n » HOW MUCH CAN business Coal’s Normal stand? Or you? THE WORD'S GETTING!

About 50 per cent. And it’s al- around that the coal business is! most there, considering indirect ,¢ taxes. . : But seasonal coal men will tell] So to Congress this warning: you it isn’t. It's normal ! “” . . Boys, beware, you may not 1ong|" 1, years past the miners played

be there.” it off-again-on-again. Strikes

broke out like measles, lasted Chrysler Reports : about as long, only they came LAST SUMMER on vacation I pack dozens of times. {

wrote the boss a note. I said| past year there was a hustle] You get sleepy here.” I meant ,, for coal. Stockpiles were low, |

the sea air. 1t/ Pig users were trying to catch up.|

I got a letter right back. The demand was abnormal. said: “You get sleepy here, too.”| 5 0. a |

Then he enclosed a clipping an-! . BUT. THIS has been a year of nouncing the new Chrysler plant peace. And we're rolling into hot

of which I knew not a murmur. But I've kept an eye on it ever Weather when the last thing any-|

since. And today I will tell how one thinks of is coal. Instead they, far it is along after a hard winter. Nang around the refrigerator, dip x» into ice cream or sip Cokes. HALF OF THE structural steel] The coal industry looked back is up. And Bill Tunis, the oper-|OVer its log, and found miners ating manager, reports that brick Work normaly about half time in work has started on the main this season. manufacturing building, and is in . oa. the advanced stages on the ad-| BUT TOWARD the end of sumministration building which has/mer’ when the leaves turn, and about 90 per cent of its Indiana frost is in the air, the mines will limestone facing installed. {begin to spin again.

COLUMBIA UNIVERSITY ALUMNI ELECT—Harlan Livengood, treasurer; Mrs. Arthur H. Northrup, first vice president; Herman Kremer, second vice president; Louis A. Lukenbill, president. The Work's started on the boiler Oversoat weather does it. And new secretary, not shown, is Jack Brown.

Premier Alcide De Gasperi’'s Christian Democrats and parties allied with it received 56.9 per cent of the popular vote in recent provincial Itdlian elections, according to the latest official but incomplete

‘Ireturns today.

The Communist left wing bloc tallied 37.1 per cent of the 15,0085, 376 votes counted to date, the ministry of interior announced.

Germany POLICE broke up an attempt by approximately 1000 blueshirted Communist youths

French high commission lLeadquarters at Bonn yesterday. Meanwhile, “Four in a Jeep,” a Swiss film dealing with the

and its international patrol, was awarded first prize at Berlin's first film festival. Walt Disney’s “Cinderella” was first in the musical division, as well as the most popular audience film in a poll taken at festival visitors, Mr. Disney's “Beaver Valley” took top honors in the documentary film.

England

ANEURIN BEVAN, who quit

bellious left wing of the Labor Party, accused “leaders of public opinion” in the United States yesterday of being in a "state of mind bordering on hysteria.” Speaking at a demonstration at Cumnock, Scotland, Mr. Bevan also accused his own party of a “lack of guts” in following along behind the U. 8. *

Iran AMERICAN aid has saved 53,000 acres of crops in Iran which were ' threatened by a locust plague, the U. 8. Agriculture Department reported today. An American mission went to Iran in April and took with it eight small planes equipped for spraying. e

Sweden

RUMORS of an

“Imminent

|cease-fire in Korea” are without

house with a big water softener since even a light sport shirt

under way. And & 200 - foot seems hot these days, the miners chimney is nearly complete. |are left twiddling their shovels, Local Woman Is | a men ore ee lie = H » 1 3

THREE-FOURTHS of the spur No Fat, No Bone

‘No. illion to | tracks are in. The utility services! SOUNDS SILLY, but it’s true. No. 25 Million to ‘Warn of Dip On Dinner Tables

arg in their advanced stages and! They're actually making arti- Visi f Monument

an S-inch pressure line will runificia]l steaks, chops and burgers, Times Special 1 0 £0 4 wm. A INBeE urpur

two miles Suineet with fhe leven roasts, out of washed wheat. WASHINGTON, . city’s sewage disposal system. { It's Worthington Foods, Inc. is! By United Press { ol Young. and preity Indianapolis enicace, June i sores OT e This Week tatives of cattle growers apd)

have a 5%;-foot storm sewer run= qt north of Columbus, O., which ning into Pleasant Run Creek. [Just synthesized wheat and soy- matron, Mrs. William C. Seagle, = ror 9 i dai { was the 25 millionth visitor to retailers warned today that gov-

The plant will buy locally. Its pean meal into edible “meats.” gas will come from the Citizens] ogg gg Via Gas & Coke Utility, and its Juice THEY HAVE the right shape from the Indianapolis Light &|,n4 are flayored with mushroom Power Co. 'boullion, To, top it off the comi 3 wil have Hack100. flood“! pany turns out canned gravy. el arking for cars on 8 p 8 And the weiners are so close to her mother for half an bour be-|

its 114-acre site. v x 2. 3 the real thing, it’s hard to tell the fore taking the trip up the 555- & difference.

LOOK FOR A FAST finish. "a =» foot shaft yesterday. because of the rollbacks on beef] Chrysler is using a relatively new go, puERE'LL be no shortage. When she took her turn at the foo Anout 900 employees will method called Cycleweld paneling] . meat if you can get the ersatz front gate, John Bushong, as-1e thrown out of work. for the part above the windows.|.. .. =, 4 ig cheaper too, by far. sistant custodian, announced she These are bolted into place quickly|""y © 0's cans but don’t try was the 25 millionth person to

i {increase in sales of 27,000 head and will give the plant a modern, , fool your husband. It isn't that visit the monument since it was At the same time, Armour & today above the nunber sold Took. may get opened Oct. 9, 1888. Her prize

imitation. He |Co. announced at Chicago that) Monday. Total buflding floor space will|800d an : 8 i be 782,000 square feet, and there'n1|SuSPicious if he finds no fat OE 2 as Bid > — tp. It! rice controls caused the firm to de opened active today at be about 5000 names on the pay-"O"® | It was the first time Mrs. lose $5 million on beef slaughter e Indianapolis Stockyards, with

: barrows and gilts priced mostl roll. . Seagle and the children, Mike, 4,/quring February, March and|5 J That's my Chrysler report for Church Gifts and Rickey, 2. had ever Seen | , iil : 2 ats higher ‘than Fridays

, average, instances today, Washington. The whole family “4,mour president F. W. Specht] : HP ore. . W. St | Reach $835,000

' lew f the monu- | __. | Ash Trays and Doormats SE am said the price freeze that wentluneven, bulk choice 170 to 250 YOU GUYS who flick cigaret; ANDERSON, June 18—Mem- mi . into effect Jan. 25 forced the firm pounds, $23 to $23.50; several lots ashes on the carpet then mumble bers of the Church of God in . to sell beef to wholesalers and choice No. 1 and 2 from 190 to something about it’s being good | their annual camp meeting, nere-Egsed Credits jretailers under ceiling prices while 229 pounds, $23.75: from 250 to {vanced rapidly” until they went ¢,

for the moths, will have to stop it.|are jubilant over a tremendous On Cars Seen under ceilings on J 4 | B June 4. {sows 25¢ to 50c higher, choice 300

The moths won't complain, but|attendance yesterday’ and exceeding all former financial gifts. . your wives will, The boss man of [Ing g DETROIT, June 18 (UP)—Au-| Between January and June, Bolte 230 i nok 500 tomotive News reported todayisaid, the firm faced the choice|chojice lights $20.25 and sparingly

the vacuum cleaner industry says| The 25.0% Tons on He there'll be only about half enough BTouncs yestereay eat $ an that the Federal Reserve Board|of “buyi | 8 | uying and processing cattle . { may relax installment $20.50; over 600 pounds, $18 to

1. inouncement that the Church reWee around this all |ceived $835,000 over the past ay ER RE eat 2 joss or eons out of the gg 25. S0 HIT the ash trays, boys, and|fiscal year for World Services. ou A pe a bee hus ness . He Sida think} Cattle, 1200: calves, 400 steers wipe your feet at the front door. | This amounts to $100,000 more planned any such action. wodle help py Be p and heifers rather slow. bid 25¢ to You may not be able to buy, even|than in any previous year. The industry trade paper said " : {50c lower; scattered early sales if you have the money, a new A fire broke out in the dormi- |, + some observers in Washing-| Sees Cut in Supplies {steady to 25c lower; two loads vacuum cleaner, [tory yesterday morning and Bave , «expected the action might| At Denver, Loren E. Bamert,|10W good 950-pound steers, $32.15;

It's the aluminum which is|the firemen a busy time for about| =. "4 0 ow at the board's "| high commercial to low good, $33: short. The accessories have to be|two hours before they put it out. | Lely meeting.” {president of the American Na-|

{load commercial $31.50; choice to light to make less work. | About one third of the building [tional Livestock Association, also (was destroyed. The 150 residents|, t+ week they did not intend to supplies. He addressed 200 stock-|Pid weak to 50c lower; commercial Short Shortage? {moved into the city for the rest of oxtend auto time payments Som onl operators attending a con-|and good, $26.50 to $30; utility IF MR. TRUMAN added up thejthe meeting which will close'ys {5 18 months, as demanded bY [vention of the National Livestock and commercial( $23 to $26.50; score right, there will be a short-| Thursday. ; dealers, finance companies and|ayction Association. \canners and cutters, $18 to $23.50: age of cars and appliances. | The World Services include the CIO United Auto Workers. But another cattleman dis-|vealers very active, steady; choice But try to find someone who home and foreign missions, the, will believe it. The public shot the| Pacific Bible College, Anderson of the board's traditional disin-| yop W. Metzger of Broomfield, | 1y; commercial and good, $30.50 works last spring, grabbed every-|College, Christian educatioh, frée|clination to act under pressure,’ Colo., who is serving as Denver to $36.50. thing loose, and charged every- literature and ministers’ pensions. the News said. : Regional Enforcement Officer for, Sheep, 800; all classes steady:

the Washington Monument here today. It saved her 10c.

Mrs. Seagle, 28, waited with her | husband, Dr. Seagle, 4209 Millers-|

the production on beef. {dinner tables soon.

Lending weight to their argu-| ville Rd., their two children and|

[shut down operations Saturday! number moved last Monday.

Armour Cites ‘Loas teen major markets showed an

160 pounds, $18.50 to $20.50;

Chances are that there will be ernment price ¢ontrols will curtail More beef available for Hoosier jorbo

{ The Indianapolis Stockyard re- ‘Circle Theater com ..

|ments, Pittsburgh's largest inde- Ported this morning that 1200 EiRiines Ene com .... ‘pendent packing company, Oswald head of beef were sold by farmers. | Sousolidated #in 3 ofd Hess, announced that it will| This is 25 per cent more than the

In the national beef picture im-|pamily Finance 5% pd": {provement was also shown. Thir- | “Hamion’

Hogs, 8000; barrows and gilts

{uncontrolled cattle prices ‘“‘ad-|2gg pounds, $22 to $23: from 120!°

Board members told Congress|gaid the controls will slash beef |Prime held at $34.50 to $36; cows|g

“This was taken as a reflection oreeq He was cattle producer and prime, $37 to $38.50 top free-|

United Nations delegate.

to march on American, British and

four-power’ occupation of Vienna

the British cabinet to lead the re- 1

ifoundation, Sven Grafstrom, member of the United Nations three-man Korean committee pd today. He is Sweden's chief

identified todny as Clarence Buchannan Neal, 57, of 2136 Conrad Ave, ® ' Deputy Coroner Fred Worth sald that death resulted .f natural causes. He had been dead about two days. Police had}

Earl Fingate. ; There are no survivors, Legal Notices

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Local Stocks and Bonds

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armon-Herrington Mastic Aspoalt ' Nat Homes com Nat Homes pia : N Ind Pub Serv com .......,. N Ind Pub Serv 4% pf ... N Ind Pub Serv 4% pf.. *Progress Laundry com R Mallory Co com _..,.. Pub Serv of Ind 3% pid .... Pub Serv of Ind com ........ Ross Gear Tool com Bchwitzer-Cummins ptd ‘So Ind G&E com 80 Ind G&E 4.8% ptd Stokely-Van Camp com Stokely-Van Camp pid ianner & Co 5'%a% pio Terre Haute Malleable U 8 Machine Co Si ange naan United Telephone 5% ofd .. Union Title

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paper Arts Co ve Public Service 3%s 78 .. 5s 40

thing they could get on credit. |= ' ° the Office of Price Stabilization. few small lots utility to average The public “bought itself out, A Lost Ro 4 Best Friend Mr. Metzger gave statistics good native spring lambs $30 to but didn’t buy the market out. Y {which he said showed that cattle|$32.50; choice quotable to $34; two The more it bought, the more the {feeders will receive $40 an animal{and one-half loads choice to factories turned out.

Red out. Is Skippy. Sharp-Nosed Dog ue the forthcoming Oct. 1|prime 95 to 100 pound fed shorn

AN EASE-OFF showed up in rollback, compared with a 10- western lambs No. 1 pelts $31.50;

April. Refrigerator sales dropped pOVER, N. J, June 18—A weak youngster couldn't have traveled retorted, however, that Metzger's' Bulls: commercial and good $29 nearly 23 per cent. And manufac- an4 hungry 31-year-old boy was very far,” Mr. Covert said. statistics were ,based on “the to $30.50; odd head $31; cutter turers began sitting on gOVErN- iio, tired and frightened today to “There's lots of brush country wrong things.” and utility $24.50 to $28. ment doorsteps fishing for Warite) ahout three days. and nights around there, and he surely must| contracts. (he spent lost near an abandoned have got bogged down some-| But the day will come, if the rajiroad track trying to find his where if he hadn't been kid- ay, figures are right, when sheet steel| nother. |naped or killed.” | goods will be sold through a Dingman of Lake Hop-| Mr, Covert, father of four chil-| “friend of a friend” in backroom abahard.: gman f Lake. By By sisi il wil BJ deals. [thicket beside the track last night| Skippy and drove to the scene. | by a railroad conductor .and a ‘My dog has the sharpest nose sharp-nosed foxhound named around these parts and if the boy Skippy. (was anywhere around, I was sura The child disappeared Thurs- he would sniff out a trail.” day night from his family's auto while his mother, Mrs. Andrew | Skippy Whimpers i Dingman, was keeping an ap-| After a half mile, Skippy |

| ointment with her doctor. _|started whimpering. P n her doe | “I had my conductor's torch |

200 Search |along, and I began flashing. I PARTLY CLOUDY AND Bloodhounds, police and 200) caught the, youngster in the full] A «lovey amid: volunteers had searched for Rich-|glare of the light. When the light|

By United Press “The way I figured it, that year average of $22. Mr. Bamert slaughter ewes quotable $17 down.

u » » AT LEAST THAT'S the way it stacks up with the steel men. They see shortages in the last half of this year. But some relief, as the new steel mills are’ completed, early next year. Don’t get buyer-hysteria. If a shortage shows up, sit tight until next winter's snows melt, and you should be able to pick off whatever you want with the greatest

FOTOLAST”

of ease. lard over the week-end without/hit him in the face, his eyes: ' LEGEND 4 That's how the steel makers see finding a trace of him. \bugged out like a coon’s. Hel £) samme [TT |MNCHe it. : William Covert, 44, a Central started to bawl, and as he toddled '7, 3 ; ' TAY - Sin Holding On Railroad of New Jersey conductor, toward me, I started toward him. ht og RE THUNDLS i “Tarn

read about the boy's disappear-| Mr. Covert said the boy grabbed ance at his home a Denville, his neck and wouldn't let go. N. Ji, and recalled he W#d worked] At Dover General Hospital au-| ie : in the section where the boy was thorities said Richard was in fa ~ TODAY AND TOMORROW-—The weatherman threw a wel condition, z

lost. ’ blanket over more than half of the U. S. and Indiana's no exception.

by STomms

MACUSPATOIE COPR 1951 LOW | A WaGMR ALL MGNTL SEAN,

I TALKED WITH Henry Holt Jr., the energetic young broker of Thomson & McKinnon, today. J wanted to know what people

| |

@ : t a

Sprague Devices Trao Term 5s

U. S. Statement

| WASHINGTON, June 18 (UP)—Govern{ment expenses and receipts for the current fiscal year through June 14, com-

pared with a year ago: } This Year Last Year | . Rene IEE » at FiDRAL SO | eceipts ,503,308, .862,212, Surplus 1,715,079.929 {1 3831 E. 10th St. ... BL-24| | Deficit a0 108. 003 | {Cash Bal. 4.557,333,619 4,025,486,623 | Public Debt. 254,625,741,339 256,320,073,221

Gold Res, 21,766,314,737 24.233.242,252 INDIANAPOLIS CLEARING HOUSE

Local Produce

Eggs—Current receipts, 54 lbs, and to case, 42c¢c; Grad large, 46¢c; Grade

rade A B. Large, 42¢, and Grade A medium. 43ci and over, 36c

no grade, 33c Ya

Poultry—~Fowls, 4% Ibs. under 4 je. and Leghorns, 20c; cocks

and stad, oo and No. 2 poultry. 4c less an No. 1. Butterfat—No. 1. 63c; No. 3. Soe.

Local Truck Grain Prices

No. 2 truck wheat, $2,132. No. 2 soybeans, $3.96. No. 2 oats, 9c. No. 2 white corn, $1.68. No. 3 yellow corn, $1.60,

Porch Falls, One Killed

CHICAGO, Jung 18 (UP)—Mrs. Sophie Fohrman, 48, was kliled last night and 10 persons were in-

jured, one critically, when a — ~ WOLF SUSSMAN, INC. ond floor porch collapsed fing) = :

a Jewish confirmation party. \ gE

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