Indianapolis Times, Indianapolis, Marion County, 1 April 1952 — Page 9

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TUESDAY, "APR. 1; 1952 x

Senate OK's

Today Business

Spri

By 1 WISH mT WERE true.

I've been looking at spring ciothes. Pork-pie’hats, tweeds and flannels. Zippy.

ng Clothes

Have Snap

Harold Hartley

But it isn't, They've got snap.

Then I look at:the faces of these flat- tummied bays

in the ads; and I see that they're! young and willowy, one notch above a drugstore whistle. If I climbed into those umphy togs, 1 could almost hear my neighborhood gossip, “Why! doesn't the guy dress his age?” 2 » ” 3 I THINK THAT is true of] women’s clothes, too. They're pictured on the young and supple, on either side of the wedding ring, by only two or three years.

It's true that clothes can take off age, if you stand 50 feet away. But for the close-up, you get caught every time, trying to look like the up-and-coming junior executive, when actually, you may have been up the mountain and are coming down the other side,

slowly. » ” td

CHECKERBOARD sports coats, and pajamas so loud they won't let you sleep, may be all right. And those beach coats and shorts which look like .they, came out of King Tut's tomb may be hunky-dory, if you're a Youhg and muscle-bulging Atlas, but a lot of guys aren't. And they feel a little. on the| panty-waist side In Bikini prints, with a tummy like a tub of jelly and legs that are white and bony.

Spindly, too. s

WILL ROGERS had it right. He said, “Every time a woman leaves something off, she looks better. But every time a man leaves oft something, he looks worse.” And I think Christopher Morely®thust have doodled out some! of the men’s fashions. For he sald man ought to Took like he’s put together by accident, not adged up on Purpose; s "AND A LOT oF A YE I know, including the one I -see in my bathroom mirror, look exactly like that, put together by accident, to catch the 8:10 bus, with the last swallow of toast still in his

throat.

Tripe IT SURPRISED ME. Some companies pasted a label of “tripe and tomfoolishness” on

. employee publications.

too | Companies said they cost | much, "and are a needless exense.” ir There are companies which need employee publications, and some | which do not. Here is thé dif-|

ference: ” o

WHEN A COMPANY has few enough employees that the boss can walk through the shop, call] everybody bY their first name, stop and talk about the company’s affairs, like a partner, then he becomes the medium of em-| ployee communication, and a good | one. This is the best way. But when companies get larger, and. the bosses have tg scramble

{kitchen table language; gets a sympathetic hearing, A lot of employee publications miss the mark. But a lot ee are right on the target. {don’t talk down, they talk 2 88 {the employee. And they make li make sense to the wage earner. The employer who has over 100 on his payroll, ought to think it over, carefully.

Break for RCA

JOHN; HADDOCK the big juke box man is swinging over to 45 r.p.m. records. And he's a big buyer. Last year he bought about 200 million. And this is why he’s changing {to the 45 r.p.m. slow- -player. They are lighter, take less storage space, and they're tougher than elephant hide. » ” » HIS OBJECTION to 33% rp.m.'s was that they're long on long-haired music, and the big long-players have too many selections to the side for his business. With the 45’s he says he has built a juke box with 80 selections. And that’s a lot of Cokes, or whatever you sip with your ears { wide open.

True, How True -

COMPANIES are struggl tell their story. ing 1s You and I wonder what has become of our money. Companies do, too, One -figured it out, plainly. George S. Olive, head of the {big accounting firm under ‘his name in the Chamber of Commerce building, -gets about 400 annual reports each year. One struck his eye. He read

*lit closely. For it Li the story.

= IT WAS AGOLAL Brake Shoe. The chairman, William B. Given Jr. and Maurice N. Trainer, the president, ‘estimated what has happened to their company in terms of the 1937 dollar. It is an eye-opener, Sales have gone up 150 per cent, earnings more than doubled. But American and Canadian taxes have gone up 10 times.

And. with sales more than doubled, the company is earning a little less, in terms of the 1037 | dollar, than in that year. -Net earnings are half, dividends |less than half, and the market

|value of the stock is off 60 per

cent. ” 2 5 THE ‘COMPANY, dollarwise, {did all right this year. It is as prosperous, if not more so, than! {other companies. But when you turn the dollar tvalue-back to 1937, you see that {the company’s expansién, production genius, and sales effort has| been slowly drained off by the, (government, ” » ”

HOW LONG can business carry Prought

[this tax load? If American Brake Shoe figures are a guide, I'd say it won’t be!

Measure Up to Joint

Conferees

WASHINGTON, Apr. 1 (UP)— The Senate approved an average 5 per cent increase in pay and living allowances for members of the Armed Forces yesterday after tacking on a $45 monthly bonus for, servicemen on combat duty in Korea.

The measure was approved by voice vote. It now goes to a joint Senate-House conference committee to thresh out differences with a House-approved bill which would provide an across-the-board 10° per cent increase in military

{to all officers and enlisted. men | who hays served under fire sinee| June 30, regardless of hey | Whether he are still in uniform. The bonus would be retroactive to the start of the Korean fighting. \ "Rejects Amendments Before approving the bill, the| Senate rejected a series of amend-| ments by Sen. Paul H. Douglas (D. Ill.), including one which would have equalized “hazard” pay for airmen and submariners at $30 a month. The scale now ranges from $30 to6 $75 a month for enlisted men and from $100 to $210 & month for officers. Sen. Douglas, who said his scheme would save $142 million, explained that life is just as dear to an enlisted man us an officer. Normally the final pay increase recommended by the joint conference committee could be expected to range somewhere between the 5 per cent voted by the Senate and the 10 per cent approved by the House. But the combat bonus adds a new complication. The House bill contains no such provisien although it was discussed during hearings by the House Armed Services Committee.

Votes Maritime Pay Hike

the pay increase to about 480 officers and men of the U. 8. Mari: time Service. ; There was no immediate estimate of the cost bf the combat bonus. Based on an armed strength of 3,540,000, however, the other features of the Senate bill would add about $474,634,800 a year to the military payroll— some $375 million less than the), House bill. Under the Senate bill, the increase would be: effective the first day..of the month in which the measure is finally signed into law instead of the” first day of the following month. If the bill should {reach the White House by Apr. 30, {the raise could be effective Apr. 1.

Hog Prices Dip In Later Sales

No. 1 and 2 225-pound hogs opened mostly 50 cents. higher than yesterday in trading -at the Indianapolis Stockyards, but much of this agvance was lost in later biddin { Early choice’ 170-240 pounders |sold at $16.75-17.25. Larger 240-1270-pound porkers were selling at |$16-16.75. Choice sows were} |steady to’ strong selling at $13. 75-

Numerous lots of choice steers

pe ging a top price of $34.50. eifers, good to low choice, $29-32.50. Choice and

|prime sold freely at $35-37.50.

Hogs 8500; light to medium - weight| barrows and gilts opentd active, 25 cents to mostly 50 cents gher than Monday'al Laverage; most gain on choice No. on

for business, new machinery, per-| long until business is working and No. two 225 pounds down: later slow.

sonnel, and fight the ‘tax sheet, they've got little time for saun‘tering through the shop.

= = #®

THAT'S WHERE the company |

magazine fits in. It is another way of doing the same job. The Indiana Manufacturers As-| sociation got these queer answers when it shot out the question to

its members, “Does your company |

have- an employee publication?” Then when these same com-

panies sit down with their em-~

ployees they find, much to their surprise, that the employees have! no grasp of the company prob-

Ww iffer mix 35-37a, current receipts, cases ex- NE CTI YN pce lems. They talk two d ent nged 30-32c. Top quality eggs firm. Sd|~ WASHINGTON, Apr. (UP) —CGovernlanguages. ia 8 grades firm and 1 to 2c higher: | ment expenses and A for the cur- . 8 2B {balance steady With best demand for top rept fiscal year through Mar. 28, comNEE > {quality whites. | pated with a year Ben: | THE. “PREACHY" TYPE Of], Chiskehs Commercially %8c, Nght 19-20¢: BE 547.023.248.832 $30,401 265.828 . 9c ens eavy Cc gh IC xpenses » publication fills . wastebaskets. old roosters 17.19c. Pryers' barely steady | Receipts 43997.398,720 | 34120743.470 with offerings liberal, in deman pr over | Surplus 5,229,378,35 Amd it should. But the sincere 3-pound average; . fancy hens firm for | Deficit 3,024 840, 932 pte exécutive who acually Jays it on Hebrew holiday and ordinary quality Cash Balance ~8.974.981.464 6

the ling to his workers in good,

for nothing. Then, I suspect, it will be like] {you and me, when it no longer] earns anything for its efforts, it] just won't work.

Local Truck Grain Prices

Truck wheat, $2.35, Oats, 90c New No. 2 white cotn, $1.78. New No. 2 yellow corn, $1.68, Soybeans, $2.74.

Produce

Egxs—FOB Cincinnati, cages included on ig eggs: consumer -grade, U. 8 A rge white 40-40%c, brown mix 37- piace. | U 8. medium white 35-41'ac, brown 35-39c, wholesale grade, com’l graded wi per cent: extra large white 36-38c, brown |

Ibarely steady, with large dresser paying

lower price of range.

of advance lost except on choice one: early choice 170-240 pounds $61 17.25; few lots $17.35 to packers: {later trade mainly $17 down; 240-270 pounds $16-16.75; scattering 270-325 pounds $14-15; choice mostly $13.95-15 Cattle 1600; calves 200: | classes fairly active; steers and heifers | irm; cows steady; numerous lots choice | steers scaling 1150. pounds gdawn $33-34.50; Food to choice native steers mostly 1100 ounds. down $30-33; commercial’ mixed pou dairy _breds $37-28.5 0; good ‘to low cholee heifers $20-32.50; utility and commercial cows $20-24; good young Tows to $25 and above; canners and cutters $16; bulls steady; utility and commercial $23.5027.50; odd head $28; vealers,K very active, fully steady; choice. and prime freely at | $35- -31.50; commercial and good $37-35; ent and utility $20-26. Sheep 200; not enough in early to make {narkes: slaughter classes quotable steady: choice and prime Wooled lambs eligible to jn, utility and good ewes salable $8-12,

U. S. Statement

Such

all slaughter]

8,300,660,404 | Public Debt - 258.016,114,758 254,909,346,347 21,855,310, 428)

Gold Reserve 23,200,389.274

'PARSIFAL’ GROUP—Ernst Hoffman (left), music director, and Hans Busch (center), age. direc~ 7 for, give rehearsal instruction to student members of the cast of "Parsifal,”” annual Indiana University

gpérafic event to be epesfed in IU Auditorium, Bloomington, ‘next Sunday. The singers (left to

vight) are James Cock sn : Tot: Ralph Appleman, D _ Parsifal. Wagner's ~ to 9:30 p.m,

2

U.S. Air Force captain on duty with the university ROTC nton, Tex., as*Gurnemanz, and Guy N. Piche, Three Rivers, Canada, as | masiargiovs wil be periomed i in vie. sessions: 4 to 5:15 ps m. . and I 15

staff, as Am.

pay scales, | The combat bopus plan, passed {by =-standing vote, would apply

The Senate also voted to extend}

g 1150 pounds down werep

THE INDIAN APOLIS TIMES.

2

a

ORGANIST — Porter Heaps, | organ virtuoso, will conduct a seminar on Hammond - organ playing at 8 p. m. next Tuesday in the auditorium of Wilking

Music Co., St.

Kokomo Ends Rent Control

Landlords Win Year-Long Fight - State Service KOKOMO, Apr. 1—After a yearlong fight, landlords in this city succeeded last night in throwing off what they termed “the unfair and uncalled for shackles of rent control.” . Their year-long campaign became a victory when the Kokomo City Council overrode a veto of a decontrol rent resolution . by Mayor Raymon Gilbert. The vote vas 6 to 3. The session again saw a split along party lines; with five Republicans and one Democrat voting for decontrol. Democratic Mayor Gilbert had the support ofa three members of his party in|} voting to keep controls. Suggested Primary Vote Mayor Gilbert vetoed the de-

120 N. Pennsylvania

suggested the people decide it by referendum in the May 6 primary. Republican Councilman Herbert

cent/in accordance with thé mayor,” and declared that such mat-

sired.” : “In that way,” Mr, Williams declared, “we would never get|in an done.”

ything In vetoing the measure, Mayor Gilbert said his investigation showed there still was a shortage of rental housing in Kokomo, and that he believed rent controls should remain in effect. The public hearing a week ago was one of the most bitter ever

[Kerr Boom

: bid in the presidential race,

“TAve,,

control measure Saturday and|§

Asked American ans 8 iS 18% t 104 Bel 3g Beit R Fit Ae Sardi pHa, be- Hi som.” pid es Bh i » i

ters as streef repairs, food prices and others could be put to an elec ‘tion referendum, “if it was so de-

5% Military Boost, Korea Combat B

Dinner Here To Set Off

e Democrats’ annual Jefrerackson $25-a-plate dinner here Apr. 19 will form the background of a presidential hoom for U., 8. Ben. Robert Kerr of

Itke it or not. State Democratic headquarters yesterday received a request from Carl Rice, national Democratic] committeeman from Kansas, for & reservation at the banquet.

Kerr Principal Speaker

Mr, Rice is presidential campaign manager for Sen, Kerr who is to be the principal speaker at the Jefferson-Jackson Day dinner here.’ The campaign manager didn't wire for a reservation to acs company Sen. Kerr to Indlanapolis until after President Truman

candidate for re-election. The campaign manager's reser-

that Sen. Kerr will make use of his Indiana speaking tour to try to pick up some support for his

Purchasing Agency Plan

For County Proposed A central purchasing agency plan for Marion County government was proposed today by Walter V, Andrews, 1237 Keith candidate for the GOP nomination for county commissioner. He also advocated a broader program for cleaning and opening of the county's drainage ditches and installation of traffic. signal lights at some rural cross-roads to.reduce the traffic death toll, Mr.“Andrews said if elected he will. push plans for construction of a county -city government building.

ixnianaroLs CLEARINGS vase

Th, 1

fr

fg Sie Indianapolis Water 0 pf.. 108

erson National Lif 11% 13 Kinga 5 Co so com He com .. 112% % Linsoin “wet Tate ii Me. ua Lynch fiornoration . ih P R Mallo veres 38 383g Marmon- Herringion’ “eon on 3% 5%

Mastic Asphalt Natl Homes com at! Homes ofa

percentage of labor unions, veterans tended the meeting,

passed a resolution that this city observe daylight saving time beginning Apr. 27.

Insurance Agents To Attend Conference

Six members of the Claude C.| Jones - Agency, representatives of|

SOWS steady to strong: the Connecticut Mutual Life In-|Ch of Com Bldg 4%s 6

surance Co., will attend a special educational conference for firm leaders next week at Hollywood, Fla. They are: Paul Dye Jr, George W. Jackson,

James Michael Phelps; Vincent I. Fan s 88 __| Traction Terminal 6s ‘87’

Ryde and J. Erwin Walsh. =

held in city hall. While a good|y

groups and renters at-|N ind Sa 9 Kokomo |p, ‘llandlords packed the meeting in Pub Serv of Ing 3 a demand that controls be lifted. |senwitrer. Cummins he ota. . The council last night also go Ind G&

James A. Back Jr. a

Ind Pub Serv com N Ind Pub Rerv 4Y pd’

Oklahoma whether. party officials

announced he wouldn't be al}

vation was interpreted to mean|

[The Prince had on a long gray/convention. i (winter coat.

'I'Thursday, was not present at the Hi 4 y : ¢ t'Tom’s No Joy 4 ol Ham Hanna never has been both‘|wéek ago. He said it spends its

.|sages of the basement,

| threw in the towel and started ican Legion national commander;

PANTS OR GRASS?—In his spare time last winter, Lt. Albert C. Aldrich of Fire Station 8 _at 3130 W. Washington St.«made a power roller to press out the lawn around the station. Then one rainy day, when Al couldn't use his contraption on the lawn, Pvt, Richard J. Poinsette got an inspiration. With Al at the controls, Dick spread his pants in the path of the roller. Fsamining the _nattily-creased britches after the treatment, Dick exclaimed, "It works fine."

Queen Juliana [Candidates Will Get On Way to Ul. S. Preview Voting Test

Bt oh. United Press Neth By NOBLE REED ne RS Wayne; Stats AMSTERDAM, The Nether-| gome of the smoke and fog Joh oss, Valparaiso; | lands, Apr. 1—Queen Juliana and ; uel Harrell, Indianapolis Prince Bernhard left here at 5{ nat has clouded the Republican| 'o. man’ State Sen. a. m. (Indianapolis Time) today/campaign picture in Indiana isiHandley, La Porte, and Francis aboard the DC-8 Princess Beatrix for their first official visit to the United States. Large crowds at Amsterdam's Schiphol Alrport bade them farewell” The weather was clear and sunny. The Queen wore a long brown fur coat and a small white hat,

biggest political show of the season here Saturday, More than 1200 State Repub-| U. 8, Sen. William E. Jenner lican leaders will converge for Will be the keynote speaker at

a one-day sounding-board preview|the banquet In the

; Hotel Saturday night. . of the party's July 3 nominating|’™" " _i," tine the

tic programs but is not Sha. dames to show favoritism for one cans

It will be the T4th annual convention of the Indiana Republican Editorial Association ‘with President Ed Ww. Schergens, “Tell City, presiding.

Littlé State Convention Party leaders attending ‘ pow=wow will comprise the bal- speaker at the luncheon in .|ance of power from every con-iClaypool Hotel. aks gressional district—the men andi women who can swing enough ; 16 rt votes to win the nomination fori, the 3d the sCial tor

Governor conGovernor, U. 8: Senator, Lieu- leaders will at to gred with Sockronches, Such_asie enant Governor, Secretary of Jest, pasty support rs il tarp te plague the police station, hes gi,ie giate Auditor and State|convention delegates for currently cutting capers trying to | Treasurer at the State conven- | hower for the presidential

Princess Wilhelmina, the Queen's 71-year-old mother, who during World War II spoke from the same rostrum of Congress where the Queen will appear

didate or another, Te be broadcast over 8:30 to 9:30 p. m.

airport. Congress, will be the

Hall

Hall custodian Wil-

| At City

While C

catch a cat, o ov. iia tion. According t r. nna, the ‘ biggest, blackest tomeat he’s ever Hence, party leaders are calling ation, seen invaded City Hall about a|it the “little state convention.” | The ) Straw vote polls will be taken|Indiana’s d days lurking in the musty pas- among the GOP big-wigs Satur-ishow in C then day afternoon by delegations yp prowls the building at night, resenting hn candidates for ? searching for bits of food. Governor, the regular After trying for a week to nab |. These will include backers of supporting the tor. the tomcat, Mr. Hanna today George N. Cralg, former Amer- 7 A Livi ts the

looking for a mechanical cat trap,

Progress Laundry co hb. Serv of Ind com.

ar &

nd G & E wen ped". Stokely-Van Camp com .. Stokely-Van Camp, pid . Tanner & Co A alli . {Terre Jaute Mallon

ine Co United Telephone. 5% pid Union Title CrerrTERNS. “Extra dividend lo BOUNDS Allen & Steen 0s sseses 9B jmerican Loan 4% 08 cu. erican Security bs 60 . & | Amettoan Loan oe 60 | Bastian Moley bs 61. Batesyille Tele Co 4 uhner Sa 5

Rs

eons

Columbia Club 3-5s 62 isoenee 98 Equitable Securities 5s 60 ..... 26 . Hamilton Mfg Co 5s 65 ve 33 save Indplse Paint & Color 58 64 [ndpls Public Lo 64 ieee %

Limestone 4.75 : Kuhner Pac 4s 50.

say

What Every Investor Should Know

about His In

For instance . . . e Can you list the stocks y

tive, or a mixture of both

haps we can help.

like to us. CIRCLE TOWER =F *

(No Toll Charge) .

| .

This: isn’t all you should know by any means. But we \ find that any number of people have trouble even with | these fundamental questions about their investments.

shares. . . the prices you paid? And how about honds?

.e Do: you knqw what your investments are worth today «++ what dividends they pay . .. whether they return, you 3%, 5%, 1%, or what?

e Would you say Jouhprozya is speculative, conserva-

e Is your’ investment objective capital appreciation, liberal dividends, or protection of capital?

eo Are you sure the securities you own really suit that objective . .. are the best that are currently available?

e Have you checked during the past six months on the performance of these compunies—their recent financial record, their JF aepoct for the future? »

If you're not sure of the answers—and want to be—per-

Our Research Department will be glad to review your present investments, mail you an orderly, objective, and easy-to-read analysis of just what your program looks

There's no charge for this service, no obligation, If you think it might help, simply write to—

| Merrit Lyne, PIERCE, FENNER & BEANE | |

© Telephdne: Market 6591

Residents of Muncie call Operator and ask for 2-4242 and- residents of Terre Haute and Richmond call, Enterprise 1000,

Secretary of State Leland Smith,/ nation's business trendy in The

or a professional cat-catcher. ‘Speaker of the House Ww. O. Sunday Times,

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