Indianapolis Times, Indianapolis, Marion County, 17 July 1952 — Page 21

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ut with Ike jee him win," e different, tic Pact asal will be a pean Allies, Vhite House, abroad feel

rossed: “Ike ried.” the fat and about overvagance .in

* than any ountries are ~ and—more rod by the

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cies of life suffers from he cortex is missing al“thinking” nse pattern, stallation of

knows only p, and a set to get him is virtually * e set speed, twp groups: is approxiast Hoosier, Both groups t any other e limitations and stop ine

started only

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ce a Hoosier ifrcumstance

of the slow

‘ance of ane a convulsive . pushes the tely follow which presure as long

through the ind of every vhenever he vith a rigid ind flashing of maximizress. Sooner 10me, ylved in this bit forming, of transporAS a matter | effort, the automobile. 1e Hoosier’'s e apparently taken as a

Hibben St,

net in state t platforms es the duty e this party

gh the ‘haze itorials sob= , the glitter casional fist rms and the

Party could tional plat'he national ature as the of Indiana. as Bill Jen« nning again

onfused. We lliams were had done, p same way, rings. us to

rty stand?” R. R., City

ads

starved for the outside America. " any factual graph from nite in Rusally proves

he constant Soviet press 3, is a backs with lower han Russia, and swarms asses, p sale of it was no ffort. So the has killed and, in reyanned the . Now our rough to the is by our " radio proe sow usually ng. » . epartment’'s on against agreements tions also reminder to 8 bad faith, when they the idea of

5 agreement

| Germany. .

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THURSDAY, JULY 17, 1952 ’

Total Includes Lost Profits, Wages, Taxes

By United Press

NEW YORK, July 17—The na-

- tionwide steel strike will have cost

the nation more than $1 billion by

Saturday, when the walkout ends its seventh week, a United Press survey showed today. That figure includes the loss in profits and wages to the industry and its workers and to other affected industries, and the loss in taxes to the government.

It does not include the damage in strike - ridden areas, whose losses are estimated too run into the millions in all

to merchants

lines. New Heavy Cost Due

Delayed effects of the strike will run the cost to many more

billions, industry leaders say.

And, they say, these will be recurring to the extent that prices

of steel are increased.

The trade magazine Iron Age estimates a steel price rise of $5.20

a ton will be granted the industry.

On the basis of a yearly production of 110 million tons of steel,!

this ‘would amount to $572 million each year.

It was estimated that by Saturday each striking steel worker will. ‘have lost $600 in wages,

bringing the total for this group! |

to $360 million. U. 8. Also a Loser

Steel companies, estimates showed, will have lost $120 million in profits from an estimated $2.4 billion sales made.

The government also is a loser]

since it isn’t collecting taxes while the steel mills are idle. Its loss from this source alone during the strike to Saturday is estimated at $163 million. Then there is another $360 million loss in wages and profits for automobile, railroad and general manufacturing industries and employees. These figures do not take into consideration the losses involved in repairing steel furnaces. These losses rise each week the mills are down,

Railroads Hard Hit Railroads have been hard: hit

in their profits with freight car] And | —f loadings down to a new low since worked, in effect, has trimmed

1933 as a result of the steel shutdown, An when the strike is finally settled there'll be new adjustments that will add to the cost figures. Here is how steel men calculate: There will be a rise in steel prices. That will mean higher prices for other items, costs will have to be absorbed in part by many companies, thus bringing down earnings and possibly dividends. Thus stockholders will be losers.

Killed in Crash On Mercy Mission

ATKINSON, Neb., July 17 (UP) -- Authorities said yesterday a young sailor—home to attend the funeral of his father—was killed in an auto accident during the last night of his emergency leave. Charles E. Barnes, 22, was fatally injured Tuesday night when his car went out of control, left the road and struck a tree, His companion, Leon Schaaf, was unInjured. The accident occured about four miles southeast of Atkinson on a country road, while the sailor was driving his brother's car. He died shortly after the accident in Atkinson Memorial Hospital. Mr. Barnes would have returned yesterday to San Diego for further duty aboard the USS Dexar. Mr. Barnes arrived home 17 days ago to attend the funeral of

THE INDIANAPOLIS TIMES

ion-

PAGE 21

Mark

that weren't!

For ‘Hidden Payrolls’ ==:

Higher|of the 690 companies surveyed.

HUP, HUP, THRIP—ROTC cadets at the Army Finance summer fraining camp at Ft. Harrison

swing in cadence on a |0-mile forced march. The jaunt is part of th

e regular six-week course required

for all cadets who will become second lieutenants after receiving college degrees.

OH, BROTHER—Cadet Robert Capshew, Bloomin Edward Erpelding, 7035 N. Dover Road, at the end o sity business majors training for commissions in the Army Finance Corps Reserve,

‘Business Notes—

You Fork Over More |

By DON TEVERBAUGH

like a mystery novel, doesn’t it? headed the electronics and enBut it is no mystery to employers gineering departments. land its effect is certainly no, He's a top expert in the avia{mystery to consumers. [tion field and an authority on | It means higher labor costs,/guided missiles, holding several {and in turn, higher prices for!patented inventions in this field.! Mr. Consumer. | . The U. S..Chamber of Com- Sante Fe Switches merce has come up with some interesting facts about “hidden

payrolls.” {at Indianapolis, h _l polis, has been appoint-| LL A Toye st a ted district passenger agent for| received $653 in hidden pay jg toa d a Bosioh =H al 1951, as compared to $480 in! ep acing 1m here is Howan !

1949. And this pay for time not

agent at Boston. v Mr. Huggins succeeds the late the i0hoys x ook to ue an V. Henderson. He has been! roll’ cover? {with the Santa Fe since 1939 and It covers legally required pay- held his Indianapolis post since ments, for unemployment and 1947. workmen's compensation, old age] ’ . and survivors’ insurance, aiso| The 51 Oil Boom off-the-job disability insurance. T.ast year was a tremendous These amounted to 2.9 per centigne for. the oil industry. It was the most successful year it has It also includes private pensions, over had. ; life insurance, separation pay. ' New records were set in sales, hospitalization insurance, dis -lgiyidends, crude production and counts on employee purchases, refining. and below cost meals. These] A gyrvey of the top 30 oil comtotal 5 per cent of the survey pay-\ panies by. the Chase National roll. {Bank of New York shows” the Payments for time not worked net earnings of the firms 20.2 covers paid lunch periods, wash- per cent over 1950 for a total of up time, vacations, bonuses in lieu/$2.09 billion. Total income. was of vacations, holidays and na-|$18.3 billion—about 17.5 per cent tional guard and jury duty. These over ’50. total 6.6 per cent of the payroll. Profit-sharing, Christmas bo- amounted to more than $14.9] nuses, suggestion and service|billion, up about 14.6 per cent. awards amount to 1.5 per cent of Taxes increased 45 per cent, the survey payroll. {totaling $1.66 billion. It's pretty difficult to estimate] The combined foreign and {the total cost of these extras, but/domestic crude oil production it must be in the billions of dol- averaged 4.22 million barrels a lars. |day—--a new high, topping 1950

Whatever the amount, you, the PY about 15 per cent.

consumer, are paying for it. | One of the big reasons why the For Women Only Business and professional

{ “hidden payroll” has been getting]

larger every year is this: {women of Indianapolis may take

[form of fringe benefits, “when tember, says Mrs. O. C. Winters, [straight wage increases are out of [chairman of the Women’s Coun{the question, |cil of the Indianapolis Chamber | 2 8» {of Commerce. rey Dr. C. J. Breitwieser has been, The gals will go by air. Included in the tour will be

named director of engineering of |

{ i

THE HIDDEN payroll—sounds Vultee Aircraft Corp., where he homes.

{in 18 months.

EE" On Choice Hog

|$17.75-18.75, top $19: 400-400 pounds $16.50 | Operating costs and expenses|18; stags scarce; boars steady, $12-13.

| Labor has found it is a good a “For Women Only" tour of] |way to boost workers’ pay in the Western Europe about mid-Sep-|

‘Truman Extends Time On Gl Home Sales

WASHINGTON, July 17 (UP) —| Truman

| Army Officer, Hit Jackpot on

Wife 49 Traffic Tickets Net $1025. Fine, Jail

| . | NEW YORK, July 17 (UP)—It, yesterday Quiz Program {took 49 traffic tickets to get Jose Ralph H. Seleck, 49, St. Paul against the court decision uphold-

Steel Strike’s Cost To Nation Already Near *1 Bill

Future Army Officers Hit The Road At Ft. Harrison

Pilots Strike Held Likely

By United Press : WASHINGTON, ‘July 17 Northwest Airlines pilots, in a move which aviation quarters said might spread throughout the airs line industry, notified the National Mediation Board yesterday that a strike against their company was imminent.

The telegram to the NMB from R. O'Neill, master executive chairman for Northwest pilots, was the latest in fast-moving developments following a decision of the UMS District Court in Chicago reinstating David L. Behncke as

ton, gets boot-removing service from Cadet the 10-mile march. Bot

president of the AFL Air Line Pilots Association. Mr. Behncke was ousted a year ago by the industrywide union and Clarence N. Sayen was installed as president. Mr. Sayen said yesterday tHat Mr. Behncke is backed by only 30 to 40 of the union's 7500 members and “the pilots probably won't fly without representation.” Result of Court Action Announcement of the Northwest Airlines pilots’ action by the Washington office of ALPA said it was a result of the Chicago court decision. ; It said the decision “in effect has deprived them of their representation and cast serious doubts as to the legality of their contract with that carrier.” While the action was “deplored” the statement said, “there {is. a strong possibility that this

are Indiana Univer-

: : ! signed legislation permitting serv- NEW YORK, July. 17 @p)—| vargas into court.

icemen more time to escape capi-|/A young Army officer and his|

Congress last year lifted the capital gains tax on the profit a

an American Broadcasting Co.|

quiz program. ‘fic chiseler.”

2d Lt. Bruce Ackerson, 26, and; $1025 and sentenced him to 58

Magistrate lin June, 1951, coming here from tal gains taxes on sales of their| Wife, from Springfield, Ill, “brokeilooked at the record and dubbed Course here last night, the Ram-| the bank” for $2690 yesterday on vargas “New York's worst traf-|sey County corner's office re- Drag River for Body

He fined Vargas

home owner might make on thehis wife, Helen, 21, Springfield, days in jail.

sale of his home if he begins to|said they'd use the money to add build or buy another within a|furniture to their home. { year, and completes the deal with-|

The new law effec-|

Curtis H. Huggins, traveling time for servicemen to four years he was en route from service at/55¢;

old homes.

Top Bid $22.75

A top bid of $22.75 was made

on choice 180-240 pound hogs -in! trading today at the Indianapolis | Stockyards. Heavier 270-290 .pounders sold at $20-21.25. Sows weighing 300-

(400 pounds sold at $17.75-18.75. {Boars were steady at $12-13.

| Choice. 800-1100 pound steers, sold at $32-33. Commercial and] |good yearlings sold at $26-31. | Utility and commercial cows brought bids of $19.50-22.50.] {Choice and prime vealers had a] price range of $30.50-31.50. {

Hogs 5500; light to medium weights active; fully steady; heavier weights dull: light sows weak: heavier weights strong: {choice 180-240 pounds $22.25-22.75; 240-! 270 pounds $21-22,25: 270-290 pounds $20-| 21.25. 300-330 8 £19-20: 120-160] 300-400 pounds sows:

Cattle 700; calves 300: slaughter classes | active; firm; choice 800-1100-pound steers; $32-33, top $34; commercial and good year- | lings $26-31; canners, cutters and utility lightweights $18-25: utility and commercial | | cows $19.50-22.50; canners and cutters $15-| 19.50; weighty cutters $20 up; commercial! and good bulls “$2450.27: cutters and utility $20.50-24.50; vealers active; steady; choice and prime $30.50-31.50: commercial and good $25.50-30; culls $20 down. i native spring lambs active; | steady; choice and prime $30: good and! choice $26-20: utility $22-24.50: slaughter ewes scarce, steady $5-8;, good and choice native ewes $15.00

Sheep 300:

| eever dizer.” Local Truck Grain Prices | Wheat, $1.91

White corn, $1.79 Yellow corn, $1.65,

| Soybeans, $3.03

Local Stocks and Bonds |

PE a

—dly J Bid Asked American Loan 5% sees N 1 American States Class A ..., 74

} | STOCKS

his father, Fred Barnes, 57, who P. R. Mallory Co., Inc. Until the views of behind-the-scenes busi-|American States 48% ora..ll 24% re}

: . | Ayrshire Colljeries com «15 16 died after a long illness. | promotion he served as executive ness in England, France, Holland, !L. 8. Ayres $4 % tt o> 103% : 5 15 ————————————— assistant to Dr. F. R. Hensel, vice| Germany, Switzerland, Italy, Belt RE & 8k Yds com .... 8, 36% = S I Belt RR & Stk Yds pfd ...... 2 a) Official Weather president in charge of engineer- Spain and Portugal. LL MR | UNITED STATES WEATHER BUREAU |INg. . Mrs. Lillian Kreps, World Trade Buhner Fertilizer 5% pid .... oe " me —dJuly 17, 1952— zl Dr. Breitwieser tDepartment of the C of C, canigpf. “oF % imeres com. 33% "10 Freitas 20 Ae—ST8 130 1-7-8) enarge. of he give you ait the info. Shite 0 cl 8 recipitation rs. end. 7:30 a. m. J { . . ['atizens | 5% ven 8 Total precipitation since Jan. 1 .... 2837 charge of the New Liability Insurance Commonwealth, Loan “% of . i o" Excess since Jan, 1 ................. 547 firm’s central re- : “ummins Eng com rei 38 37 ty The following table shows the tempers- search labor a- Here's a new lability insurance ghmmins Eng ¢'a% ofd .... 89% 102 ~ Station ’ High Low tories, the gen- * {for the investing public and own- Bouitaole Securities com lL... 28 . 93 { . . | fquitable Securities Sve 95 70 eral engineering jers of closely held corporations. Delta Electric com 13% Chicago. 3 7 [staff and the di- | It reimburses shareholders for gimily Kivance com .... Denver ... % 8 visional engi- their equity in a corporation in Hays Lom pia orm Banavitle 84 ¢ neering depart- . the event of bankruptcy or im-| sHerff-Jones Class A ptd FL Worth. 8 15 | ment. |pairment of net worth due to ome. T & F 5% of ....... Kansas City hg HY 9 7 Mallory offi- wt !catastrophe accidents. Ind Amo Te HR 2d : so. Tel $2.5 Los Ange 85 +.aivr vies Xae 9% 85 lcials say .the pp, Breitwieser | They call it stockholders pro- [nd Gas & Wat com lll Minneapolis-St. Paul ........ 81 8 imove is all part tective insurance. Technically, it|{nd Mich El 4%a% pid . ia New Yor. ara vars on. 94 72 of their long-range program of is property insurance against Indpls Ath Club Realty Co... 8 ; 7 : 3 x ne » i IL.t com 37 Qeiahoma Cty, ers yg 7 ‘research and product develop- third party liability perils, plus|indpls Pe & 1& oid a5 a Pittsburgh 11111 + 87 88 ment and engineering in the catastrophe coverage. It is of- Indlanapoils Water com = .. 17% 9 0 re c . . . n ) ater n “2 San francisco ..ns iv 14 hy firm's 10 manufacturing divisions. fered by Employers Mutual Lia-iind anapolis Water § ‘old 105 3 : : 90 " i { ; lefferson Nationa! Life com iy k Ql ous bc er 23 7 Dr. Breitwieser joined the firm bility Insurance of Wisconsin, [Ringan & Co com Jn ington, ll ere pr mm ee mre— —[Kingan & Ca ptd 8 Po incoln Na fe . were 300 y Lynch Corporation vase 13% 13% FP R Mallory Be 377 | Marmon-Herrington com 4... ila 8a {Mastic Asphalt . 23 i's | Nat] Homes com 23 bE INstl Bomea pf - .' .....s. 100 103 {N Ind Pub Serv com « 2478 260% IN Ind Pub Berv 4'4 pfd ... 831; 08%, *N Ind Pub Berv 4'3 pfd ..., 25'3 27% *N Ind Pub Serv 4 56 pid 25% 27% Progress Laundry com +31 222 Pub Serv of Ind 345 pfd a1 84 Pub Serv of Ind com n'a n Ross Gear & Tool com «46 { Schwitzer Cummins fis ofd 17a 3% *So0 Ir } & com IN {80 Ind GAE 48 pfd 103 3 |8tokely-Van Camp com 15% 15', 8tokely-Van Camp pfd .. 18% 17% Tanne & Co 5'2% pid « BB Terre Haute Malleable ...... 12% 13% U 8 Machine com ‘ons 2'a United Telephone 5% pfd ‘ 05 . Union. Title - .. . . ...se0e 63% ....] *Ex’ dividend | BONDS Allen & Bieen 5s sess 98 wn American Loan 4'4s 60 ..... 5 ares) American Becurity 5860 ..... 95 sees American oan 4's 55 ..... 97 rT Bastian Morley 8s 61 .....,. 95 vor) | Batesville Tele Co 4'58 ,..... 25 “ess | Buhner Pertilizer 5s is irbans 27 sess} Ch of Com Bldg 4'%s 61 ..... 08 wees Columbia Club 3-58 62 seus 88 . Fapitable Securities 5s 60... 2 . {ndpls Paint & Color 5s 64 .. 99 “ee Indpls Publie Loan 5s 64 .... 06 oe jhdels Railways 58 » 4 n mestone 4s ‘e 4 Ind Asso Tel 38 75 ....... ‘ . Langsenkamp 58 48 ’ oD Manplehurst Fr ine 5%s 61 ...

Deis] ARERCHD iN AREA : i)

vmenssionss V/A “ny

® -

Paper Arts Co 5s 5R i8prague Device 65s 80 __ ..,,, Traction Terminal 6s 87 .... *Ex Dividena

Legal Notices

1938 OLDSMOBILE Sedan. ‘Serial Number f Loh pe number 8902857 will be

et Aull,

NISTER & B 42 Mass. Ave, pis. Ind.

| qr. Oats, Tle : |

Eugene

{spontaneous movement m a vy : {spread throughout the industry.” St. Paul Golfer Dies | According to ALPA's Washing-

Of Heart Attack {ton office, the entire paid staff {except clerical help of the union

ST. PAUL, Minn, July 17 (UP) | eqizned Tuesday in protest

|suffered a heart attack and died ing Mr. Behncke's claim that he Canudo while playing golf at Keflor Was still the legal president.

ported. Mr. Selleck was at the seven-| Times State ji » teenth hole when he complained NEW ALBANY, July -

of being ill. He died several min- —State police and Coast Guard

» ” s

Produce

utes later, a Keller spokesman units today were dragging the said. Pe {Ohio River for the body of Robmire ert Miles, 24, New Albany, who

LT. ACKERSON, a graduate of| Eges, [tive until Jan. 1, 1954, extends the the U. S. Military Academy, said|fiown

U. 8

{brown mix, 56-62'4c; U,

“One| to

COTTON TWILL

CLOTH HATS

Regular 1.29 and 1.49 cloth hats 9 popular for both sport and work

wear. Tan and grey.

“STRAW HATS UP TO 1/9 OFF!

Panamas smcessscernes 2

Reg. $3.99 1 48

OTHERS AS LOW AS

age costs. Former owner, 3 N., Penn, 8t. 15apis. A ANISTER

REG. 1.29

BED PILLOWS

Regular 1.29 bed pillows, 17x24. inch filled with crushed 9 feathers ond covered with ACA striped ticking,

size,

WOMEN'S SUMMER

NIGHT GOWNS Ultra cool, easy to wash, i188

no ironing crinkle crepe in plain colors, and light prints. Also some lightweight print voiles.

as having come|on fryer demand t

brown mix, 50-55c; commercially graded 40 per cent:

{passenger agent for the Santa Fe beyond the time of sale of their Ft. Benning, Ga., to Trieste. [la His wife, daughter of Mr. and|®*§ (Mrs. Thomas A. Isbister of Jersey sli |City, N. J., brought home the cash|" jon the “Break the Bank” showin hy _correctly—identifying—the son | Speak Low” from the musical * show Touch of Venus.” }

e¢ white, 46-40c; current receipts: cases authorized today to

36c. prices

hens,

gr Fy ersi— “hens; jundertone on fryers unsettled: offerings Heavy and in. excess of fair is morning; over 5 pounds hens prices. | utter—Creamery, 90 score, 7 el —_ um _ butterfat, 62c; regular, 57

JULY CLEARANCE

SIZZLING VALUES ON MID-SUMMER NEEDS!

CHILDREN'S PLAID

DENIM JEANS

Reg. $2 Values

Made by Auto Brand to retail at 1.98. Full cut denim jeans’ in colorful block plaids. Ideal for play and back to school.

Sizes 4 to 16.

————————— Once again our leading supplier of 2.99 and 3.99 BIRDSEYE cotton dresses favored us

Soft, absorbent Birdseye Diapers, 27 inches square, put up in one

dozen packages.

BOYS’ ANKLETS

Selected 3rds of Regular 29¢ Anklets

3 wn 44°

39 . f extro du0 size © : 5 pop- | popular a? 950 cotton eo wor points hese gre | rable 5% ¥ " 3 rayon SV for bright - vi Viankets ton, | struction: w green cedar OF t to n 0 el . " ' weight plaid planke i wat at on % Gr | porder \® ue Ls ad use both 0° blanke! | 25% §7.inch Se wit rose. ul ahi} ol yen 97° assorted light \ 4 x ends. : of sheet. In hemmed ‘ : plaids USE OUR CONVENIENT LAYAWAY

l/ ouh A 00a 73 4 / [

Hh ~N -

708, & arse white. secasizc: Bell Eliminates Tolls 8, medium, 50wholesale grade,

unchanged to|toll charges between Mt. Vernon]

htly higher ‘on. top quality,

heavy, 1

~DIAPERS — |

EARLY BIRD

46x80 PLAID

SHEET BLANKETS |

y 4 rh ( Es

attempted to swim the river on [a dare. Indiana Bell Telephone Co. was]

eliminate yility Asks Boost

The Bremen municipal water

extra

Demand and Oliver and increase Oliver|

Chiekens__Red. 32-33¢: white gross and patrons’ monthly rental charges utility asked the Indiana Public t, 14c; old roosters, ldc

hens,

Service Commission today for

to the Mt. Vernon level. The State Public Service Co sion | 3 gave permission, effective as soon|lost $2757 last year and has the as necessary ‘equipment is in- lowest rate of any Hoosier town be; premi-|g¢atrad. lof comparable size.

Repeating a Sellout! :

Regular $2.99 and $3.99 SUMMER

DRESSES 5195

in broken

summer sellers, $ ky styles ond; sizes, so that | we can offer out customers this perrific value, In-

cluded are ginghams, 80

squares, sheers and sunbocks in all size ranges from 9 to 54.

BLANKETS $9

YOUR BLANKETS ARE PAID FOR BY FALL

STORE HOURS:

Open Daily, 8:30 A. M. fo 6 P. M.

Saturday, 8130 A. M.

ha to 8:30. P. M, . Y. ILLINO 1044 Virginia Ave.

Open Every Nite THI 8 P. M,

50¢ DOWN 50¢ WEEK

BOS =I2Z MASS. AVE.

3 S. MERIDIAN