Indianapolis Times, Indianapolis, Marion County, 27 August 1952 — Page 14

PAGE 14

RT Ney oy oT.

. S. Firm May Be Signed T

Cities Service

Chief Talks

With Officials

0" 21

TEHRAN, Iran, Aug. Iran probably will sign an agreement with the Cities Service Co. for the American firm to manage and market this country's oil, local newspapers said today. The company's president, W. Alton Jones, has begun talks with Iranian officials there on production problems and the need for technicians, The semi-offi-cial newspaper Bakhtar Emrouz sald Mr. Jones promised Premier Mohammed Mossadegh he would recruit technietans from such neutral countries asx The Netherlands, Germany and the United States. The newspaper sald Mr. Jones would give Mr. Mossadegh a full report on the cost and the numher of foreign personnel needed to manage the industry after he

Mr. Mossadegh

has finished his inspection. nounced today by D. J. Cummins Of that amount, about $195 ; : smia——————— The breaks this summer were long as the rain. In the best president of engineering. was personal insurance, primar- Local Stocks and Bonds Manual High School building. . enough to turn clowns into sour- tradition of “the show must go Cummins Engine Co., Columbus ily life insurance. The Commerce Aus. =7. 1950 eo OTAlIOT ex Ter " Other bids will be taken on cone » | pusses. on,” Mr. Wilson and Izzy Cetlin Ind Department counts that as sav-| stocks Ble asked FR Mallory =~. n 35'; struction of a new roadway inte ord VOI | Twenty-six straight days of ordered the cleanup to start. C. Miller, manager of re- ing. So does the Federal Reserve 0. Adams Mig, Oo, aa 18% 17% Marmon Herring on com 5.1 the Technical High School parke " rain doused the Cetlin & Wilson ~ As soon as the injured were “0 rinement. has been Board, But even allowing for American Siates Cass A... 2 | Natl Humes com ue 23% ing lot from the Oriental 8t, midway show when it opened its taken to hospitals or patched up Co 0 To eT a dineer in that, BLS would still have Ameri-/ARoican Slates 33% wid 161, N Ind Pub Serv com. 27 entrance. . £1 "LY circuit of fairs. at the scene, the 1000 members of can families dissaving b ore L- 8. Ayres 412% pfd ..... ns 02 NRG Dub Sey 44D 8, — x “ | . ’ nv EB y more N Ind Pub Serv 4!'2 pfd 27% wr : : a 4 b charge of all product engineer- Bell. HR & Stk Yas com .... 3d 16% oN Ind Dub Serv 458 pid 25 27 Then the carnival bumped into the show dove into the rubble. ing and research activities than $200. Belt RR & Stk Yds pfd ..... 68 onto LausdrY EOE ees 31. 3I% Dog Spurns Meat steel “strike depressions a= it “Kverybody became a roust- id : ™ dobbs-Metrili com sees 13 Pub Serv of Ind 3'z pid ..... 81's 85 . » DD. B. Worth, formerly manager . ‘ Bobbs-Merrili 4%% ofd .... 1 *Pub Serv dicom ol j13a 317, BONHAM, Tex. Aug. 27 (UP moved into Pittsburgh and other about (laborer) that morning, : . 8 eaer. cos g 4 Average Family Savings Buhner Fertilizer 5% pfd .,. 95 i “Ross a Nr "= Jack Fawcett re 5 d tod } . . smelting centers said Richard Cox, publicity direc- of product engineering, was pro Central Soya, com i vecivres 3% 38% ariviize.tinming Sie pid. 11's JAY porte ay $ $ 8 che ' } hi ; : on ra Sh : f . ; Driver Jailed, Then came a feverish hassle tor for the carnival which arrived moted to manager of field quality, Dorothy 8. Brady, a consultant Sircle Theater oom i 3e Tha Gee Vs id i... 5 id his Scker Spaniel, night, Another Fined He EANIEEIE here yesterday for the Indianajand will co-ordinate field and fac-'to the BLS and a specialist in Qitizens Ind Tel 8% ofd ~~ 50% g4 Tanner & Co 5!1i% pid ...... 98 ives only on a diet of vege. nother Fine with union organizers. yes : tory studies of quality control Onwea an «4% pid.. 80% , Terre Haute Malleable 1234 13% tables, He said the dog turns up “All we need is a blow-down or State Falr. °N. M. Reiners Tones Aver in Mi fa ir A . convinced Zont, Car-Ra atm... 31 34’® Tokhem-Oil Tk Pump 13% 1804 his nose at steak and roast ; y rite N. M. 'S takes fer MT. the .S study is realistic “The Cummins Eng 4'2" Ha 98! 1011; U 8 Machine com _. yessdes 3 2% 3 : . Two motorists regretted today fire” co-owner John W.” Wilson Half Mast . Le : . J 4 . ; ns Eng 4'2% pfd....... 98'3 ‘a g saga Gnad POMEL they had a: firewater cracked a few weeks ago. When the fair gates opened Millers vacated position. Mr. average family,” says she, “sel- austen ing lel b% ofd ..... 9 Jnjicd Teeonone SH vid ve Be oo] Prod with fire during the $200000 They got it. Early last Thurs. that evening, more than 50 per Reiners previously was manager dem saves anything” The 1950 Saulitabte Securities oie sere Me 13% “EX dividens .0NDS roduce Nr the dav a ual robes” he Cotlin & Wilson show Of the firm's research laboratory. Reserve Board survey showed family Finance com ' I1lll! on ; blaze Monday night at the day as the last “rubes drifted cent o e ; ; o a c———— , . Fardly Finsnce 59% old. Allen & Steen Bs ....... ees! Eggs. POB, Cincinnati—Consumer Grades Brightwood shops. away from the sawdust midway, was in operation. The ‘“carnies that usually when people over-igave Corp nfd I | American Loan $a 0 Usa large white. 63.68'ac: brown mix, . Police testimony in Municipal a tornado ripped through the dropped into their cots Friday Strike Threat Lifted [spend in one year, they nhave|Hamiies Miz Co com .... 33) *| American Loan 41s 55 ARR TEL Court 4 put one man in jail and Missouri State Fair Grounds. morning after 36 hours or, more, saved in other years, that in 1949 Home T & T 5% DIS »..oeees. 800s. . Batesville Tele Co 4's .. pot gg eB ML aL cost another a total of $75.25. The angry attack lasted only without sleep. NEW YORK, Aug. 27 (UP)—|40 per cent of all families had 2) Ing ‘Asso Tels 33 pid _ 35 3 not Com Bia Sas 81 aren 9 9 Jt pies Cases exchanged. 36-40} Patrolman Frank Waters said five minutes. But it left the Cetlin| The Kansas City Star called The Bethlehem Steel Co. and the net worth of $5000. ind Asso Tel 12.50 of 1% columbia Club 4.03 63 5 48 Ceo | "Market steady at unchanged prices; rea 8 8; . ioe . " . ' . inv ‘ : 2 quitable Securities 5s ‘ee ess. | Ceipts increas ‘ he was guarding a traffic parri- & Wilson show with one dead, 20 the recovery masterful 2 n af Clo Shipbuilders Union agreed r The BLS mervawed 12,490 ing Mich BL, ih% Sid & 8 102 indpis Paint & Color 5 6 .. " wilt A Jciessing and supplies ample for ‘ ‘ox sal 7 C - 1s . 8 s. a. » ! . ndnls § ers 98 orev) -35¢; cade at 25tn St. and Keystone injured, and $250,000 in tent Mr, Cox said they couldn't af-liate last night oh a new contract "am # In cilie WAS NO {I Lt tony ea, won he Dp 58 I eo tate af gue and Ave. when Guy Paul Brown, 31, ripping trailer-smashing, steel- ford to miss, even In part, the that will give thousands of ship- dice with one out of each five indols Pwr & Lt vid ceiver ”, %. Ind Limestone 4s 75 ... 72 NORE fel ens, heavy, i hens, of 2520 N. Oxford St, drove twisting damage. Indiana fal, because it's their yard workers a 20-cent per hour families originally approached. mdianapolis Water 4's ptd <0" °* aa 5 Bre MTT upenanted eigen: ; a A oh 8 enn 1alls| Husky men cried in despair. biggest booking of the summer. wage increase. It lifted the threat Some refused to be interviewed, Indianaveiis, Water 5% nid 10848 '" | Maplehurst Er ine Hn 67 «ues 38... quality and not wanted, 30-33¢ ens co TE hin bl and breaking red They looked at the floating debris Orders for new tenting. rides of a strike by 20.000 workers in some gave incomplete informa- Kingan & Co com raat of on Sprague Device 5s 80 ..... sees flor Sten Joie and others discounted ace § oreg J $3 ia ora Y ; ' ’ Kingan & Co pfd ........ : 5 raction Terminal 5s 87 .... 9 B y re, 79¢; lanterns. that once had been glittering side and other material were rushed eight Atlantic coast shipyards. tion. some just couldn't be located. jncoln Nat Lite 142 148 “Fx Dividend Tg mh ag Mh i lf gy Jail and Fines shows, and they were ready to the factories, and most of the % Judge McDonald sentenced Bive up equipment has arrived here [or . 2 ¥ ( 2 % ve . But the despair didn't last as the Hoosier fair, 3 Brown to Wash jad RN i Forty-five railroad flatears car- : 1 y 3 " fined him 1 25 ar A tok 2 on ried 28.000 tong of equipment here a 9 drunken driving and fined him a vesterday and today. Other prop- TE - LA " : ore " . . : total of $51.50 o_ ! Hirges hu Pe erty of the $750,000 show was ar- ;. rkipsr AXIVInG . ) > A drunk, reckless driving and in in 100 trucks, 70 house FS

adequate brakes. Robert Earl Osling, 18, of 3610 E. 26th St, was arrested after the fire at ‘he New York Central System's shops. Police said Osting's car was weaving on Station St The judge sentenced Osting to 110 days in jail on a drunk driv[ing conviction, hut suspended | the =entence. Osting was placed

$75.25.

Dr. Warvel Heads Diabetes Society

Dr. John H. Warvel. 4360 Kessler Blvd, N. Dr., has been elected to a three-year term on the Council of American Diabetes Association and appointed to its committee on detection and educa tion, Dr. Warvel who has offices in the Hum: Mansur Building, will assist “. in planning for Diabetes Week Nov. 16-22 He was elected at the association's recent conven tion In New York. An Ohio State University graduate, he was one of the first to use insulin clinically when he was a pathologist at Methodist Hospital in 1922 Dr. Warvel was presi dent of the Clinical Society of

Fa

Dr. Warvel

second

the Indianapolis Diabetes Association. He is a member of the American College of. Physicians.

Services Arranged For Hoosier, 103

LINCOLN. Neb, Aug. 27 (UP) Services were arranged today for Samuel William Long, 103, a native of Milroy, Ind., who died Tuesday. He was hurt in a fall July 30. Mr. Long 1879, marched with

a resident here since Gen. Sher-

man's Army during the Civil War. ments were: Elton T. Ridley, ChiHe joined when he was 15 but cago. an administrative assistant, pollo a and John R. Gass Jr. Toledo, O., soldier and thus was not consid- and Fugene J. O'Meara, Rockford, Cath Balan I1l., administrative residents.

never actually enlisted as

ered a veteran.

PARTLY CLOUDY AND CLOUDY AREAS

e.

. :

a”

rT * ' » wad]

ge

&

t/ | "a

BACK IN SHAPE—Cetlin & Wilson workers at the Indiana State Fair put up one of the rides damaged by a tornado last week in Missouri,

Lot of Bad Luck Fails

To Stop Midway Show

Cuts Started

Council in Session

Behind Closed

The County

Council

Doors

started

trimming the 18.5-cent increase in, on probation 30 days to enable the proposed 1953 county tax rate! him to pay his fines totaling \ 0 yonind closed doors.

Council President said, "It's certain some cutting.”

Sessions will continue through steady Friday in preparation for Tues- today day's meeting when the new tax yards. and For the last week county $21 have defended porkers sold at $19-20.75.

rate will be set adopted.

office holders

cll,

Scott there will

Ging be

budgets

{budget increases before the coun-

Extra Balance i

An added blow to the proposed trend. today Auditor Roy Combs re- prime vealers had a price range

an extra $120,000

tax boost came County ported year's balance, The amount ig due city for its share of

last

when

in this from the year's

municipal election expenses.

The total county

year. The current cents.

budget for a 77.5-cent property tax rate

calls re xt

is JY

Medical Center

' Aid Appointed

Bernard F. Carr, 2626 N. Ala

was named as- pear 280 pounds up and on slaughter bama St. today th In- calves choice to prime vealers $50.30 | sistant administrator at e In- (ha and choice calves near 300 pounds diana University Medical Center. up 136-30 commercial and good vealers ¥ 26-30 A graduate of Rockland State: sheep 1500. early sales spring lambs : Tiay Ri stead choice to prime $290.10.50: occaHospital School of Nur sing, | a Shah Its £1 slaughter ewes steay at 3850 down

Orangeburg, N. Y.. Mr. Carr has been associated with the Center two years, He holds a BS de gree in nursing from New York ° University and a master's ‘degree. in business administration from the University of Chicago. Other advance-

A a —

KANSAS CITY .

wld. Tok © FORT WORTH ® Sed + "a

COPR.1952 EDW.L.AWAGNER AI BICUTE BECEOVER.

Mr. Carr

bl rt

oT

i

EMMIS a .

FOTOCAST*

oF

riving trailers and 100 autos. There was still plenty of storm repair being done today at the Fair Grounds. ‘Sideshow fronts were being painted, new canvas was being roped for tents, and the gay neons were being relighted. The show is still pot 100 per cent on its feet, but the shortcom-| ings are trivial, Mr. Cox said.

Hog Prices Hold: Barely Steady

Barrows and gilts sold barely with yesterday In trading at the Indianapolis Stock-

Choice 190-240 pounders sold at 25-21.50. Light 160-185 pound Choice 300-375 pound sows sold at $18-19. There were not enough steers and heifers to establish the price Canner and cutter cows had bids of $14-17.50. Choice of

of $30-33. Hoge 6000 limited early sales choice 190-240-pound barrows and gilts steady to 15 cents, spots 25 cents, higher $21 25-21 50; around two lords choice 21.65-31.75, ater less active barely steady. these weights at $£21-21.25: closing around 25 cents lower at $21 down: choice 240-295 pounds $2075-21.28: 275-300 pounds $19 50-20 50; 160-185 pounds 0.75 120-160 pounds around $1 or two days at 318-18 few $1850; and heavy sows steady to strong, others uneven. steady: choice 300-375 pounds $1A19; 500-550 pounds $16-16.50. 400-500 pounds $1650.19 | Cattle 500. calves 300: all early, not enough steers and helfers in establish price trend; canner and cutter cows steady at $14-17.50: early bid lower on other cows. vealers steady. some sales weak to slightly lower on strongweights

uneven;

lower

classes slow

Gets Democratic Post WASHINGTON, Aug. 27 (UP) George M. Harrison, president of the. Brotherhood of Railway Clerks and a vice president of

the AFIL.. has been named diractor of the labor division of the Demo-!

$10- |

light |

Cummins Co.

Promotes Three

Three promotions were an-

THE NDIANATOLIS TIMES tn : : J . * : o Manage Iran’s Oil Business

|

Business Notes—

°

tributions (4 per cent), and for| Satatis- everything else (41 per cent).

The result is overspending by

WEDNESDAY, AUG. 27, 1952

Are We Spendthrifts, Or a Bunch of Savers?

By J. A. LIVINGSTON WASHINGTON, Aug. 27—It's quite a hassle,

When the Reserve Board ine vestigators can't reach families on the interview ligt, the statise

ticians are pushing calculating machines and sliderules over- g per cent. In the case of working- ticians make adjustments to be time at the Bureau of Labor Statistics, Federal Reserve

Board and the Department of Commerce.

reviewing definitions, concepts and methodology. The hassle started Aug. 18, when the Bureau of Labor Statistics upset a very dear post-war notion, Both the Commerce Department and the Federal Reserve had statistics to show that Amerfcan householders are a bunch of savers. | Even in 1950, the year of Korea, when U. 8. consumers rushed out to buy autos, refrigerators, sugar, and so forth, the Commerce Department put personal savings at $11 billion, an increase of 67 per cent over reces-sion-year 1949. The Federal Reserve found that the average family saved $270 in 1950, a rise of 50 per cent over 1949. | But not the BL.S. At a cost of more than a million dollars, it {found that the average city fam-

{ily spent $4700 in 1950 and had

an income! after taxes of only $4300. Americans were spendthrifts to the tune of $400.

Technicians are

These, thinks Mrs. Brady, are the higher - income families. “We miss the families who buy yachts.” BLS interviewers excluded =ingle individuals and farm families from their study. BLS statisticlans think that savings among farmers and single individuals are higher than among

men's families, the chief differences are that 33 per cent goes for food and overspending runs to 9 per cent, BLS interviewers inquired in great detail into outlays on steak, pork, vegetables, linens, laundry, pots and pans, carfare, coal, laundry, electricity, etc. The primary objective was to find a set of weights for the highly important BLS cost-of-living index which determines the ups and downs of wages of mil-

sure each income stratum, includ= ing those who own yachts is correctly represented. The BLS didn't do that. Its accent, its purpose, was the proper distribuition of expenditures among lower= income families. The argument is confusing and unresolved, and will be so for many days. It makes you wonder: How much do we really know about ourselves? One day we're a bunch of savers, the next day a bunch of dissavers. Tomor=

most families. If that were so, it jions of, U. 8. workers. So, savings row: Who knows?

would help account for the lower and income statistics were sup-|

savings in the BLS sample. But the Reserve isn't sure it It's studying.

30% For Food

The BLS wanted to find out what proportion of a family's income went for food (30 per cent); what proportion for housing (uel, light and so forth (15 per cent); what proportion for automobiles, TV sets, refrigerators and other household appliances (11 per cent); for personal insurance (4.5 per cent); for gifts and con-

is. | {

plementary. And interviewers may not have gone into them with quite the same thoroughness as expenditures. : As a result, savings and income may have been understated. There's a tendency for people to be secretive that way anyway.

Who Is Right?

The Reserve Board, on the

other hand, concentrates on savings. Its interviewers make every effort to get at the financial status of person interviewed.

Meet Tomorrow .On School Budget

Avpublic hearing on the School Board's proposed $23 million budget will be held at 3 p.m, toe morrow in ‘the board offices, 150 |N. Meridian St. The board gave tentative ape proval to the 1952-53 budget Aug, 25. At tomorrow's session, the board also will open bids on a $200,000 bond issue passed to buy classroom equipment for the new

cratic Party. { U. S. Statement WASHINGTON. Aug. 27 (UP) — Govern. ment expenses and receip!s for the current fisca! year through Auk. 25, com pared with a Year ago This Year Last Yea: Expenses $10,526,476 979 § R 334.966.4813 A.717 028,587 5.406 835.142 Deficit 1,R00 44R 412 2:838.111.540 alance 7 438.320 848 5.774.686 184 Pr 262.004 904,961 256.170.920.986 G 21 3

{ Reserve 23.343.964.082 T99 854.87)

Zo, emen

Anant?

LEGEND SCALIERED ail ACEECIED SHOWERS AREA am omizzie TS row

"scan TERED THUNDERSTORMS

Mi RAIN

How about

ne

* What about

health measures?

Fan brings a thousand questions that

must be answered.

Will the kids be all right? What about

you can read as

What 7224 happens when the kids go back ?

much as you choose,

That's why nearly everybody reads

new teachers? Traffic conditions

around the school? Lunche portation? School Board Health precautions?

To find the answers you turn to your newspaper — naturally! Because the newspaper has the kind of informa-

tion you're looking for.

Facts about everything! Facts about schools . . . the state... the town...

the world. Facts about feat

and back-to-school bargains in the

stores downtown.

Facts you can carry in your pocket — to read whenever you choose... wherever you choose. All the facts—so that

s? Trans-

rulings? advertised prod

the newspaper nearly every day.

That's why so many people who sel}

ucts insist that they

be advertised in newspapers.

Because in new

people who can fans or quiz fa comedy fans...

That's why al

ures, fun, “national” and

spapers an advertise

ing message has a chance to reach al

buy. Not just sports ns or music fans og but everybody.

1 advertisers — both retail — invest more

money in newspapers than in any

other form of advertising.

The newspaper

is first with the most

news... first with the most people . ., first with most advertisers.

The newspaper is always first with the most’

This message prepared by BUREAU OF ADVERTISING, American Newspaper Publishers Association and published in the interests of fuller. understanding of newspapers by .. THE INDIANAPOLIS TIMES, a Scripps-Howard Newspaper,

}

ils

4 -

WEDN]

Un (real Need New

The class gchool child: of city terri University stabilized f school year. Perry Tow P. Swift ha pupils into F that long. About th dismissed fi school officis ship school t to take city The city tending the a contract v the, nearest bulging at t A delegat versity Heig the Indians last night i of plans for Want Pe Two spok pert, 1545 WV Ray V. Su Ave., asked a. permanen rooms for tl . children. TI ment can be said. Members get as their building. The , - the populati enough to v ing. More te nexed, the b The deleg: ¢ommittee of the building for annexati Another « was brewing pupils of Jol Washington met in a s PTA to seek It is pla tees of Nort! Church, Ral: Blvd., for us new wing of request is g would be ser Even then called on to tion and tra Pay B The city sc approved $1 Supt. Herma iness Manag They will ge & year, resj Other rais Horace E. 1 grounds ma $9000 to $95 McFadden, from $7500 Contracts a school bui about $359,1 the board la: will be to & 234 St. George Ba eral constr Brothers, Ir ing and plu Electric Co. The board ghorten elen room period tion is fror minutes, cre periods in th

Charges Paid by |

NEW YO The Preside Medical Ac American Socialist-mir the governr to free en #everything “Our forn been steadi democracy a bureaucr: Bauer said. In an add livery befor Legion conv government aged the T government that “pater of the day.

Shortwa

By WASHIN( ception of sl casts will Thursday ar progressivel end of the ers at the Standards p Radio sign come throu day, and ev Sunday and

A lovely

chants if the city, moved Ww nothing 1 gation. gifts. Ci Hostess - below.

Waelc

New York @ Pl