Indianapolis Times, Indianapolis, Marion County, 10 May 1940 — Page 23
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PAGE 23
legal $45,000,000,000 public debt lime it, and one Democratic leader suge
gested that the House action was in effect the first step toward repeal of that limit. After the parity action the House put the $1,000,000,000 farm bill aside until next Tuesday.
THE INDIANAPOLIS TIMES
MORTGAGE SURITY sistant of the Federal Housing Au-|were received compared with 204 CONGRESS BOOSTS VOLUME STILL HIGH "Xx erence of 20 per cent in both the same week of 1030. | BUDGET $212,000,000 WASHINGTON, May 10 (U., P).
The record-breaking volume of the number and dollar volume of( Of the 247 applications, 163 inapplications for insurance of mort-|applications was recorded for the|volving $781,000 were for insurance |—Congress dumped economy over=gages on new and existing homes | week ending May 3 over the same|on new homes while 84 applications {hoard today with House acceptance is continuing in the Indianapolis week last year. For the week, 247) involving $2117700 were for insur-|of a Senate proposal to go $212,000,-
FRIDAY, MAY 10, 1940
EXPERTS DISAGREE
budget to make parity payments to farmers.
The fund, written into the farm bill by the Senate, more than wiped out savings of $109,803,244 on five appropriation bills already enacted into law, Mr. Roosevelt's budget $1,092,700' ance on existing homes. was only $61,000,000 within the
involving 000 beyond President Roosevelt's
ON BUSINESS TREND
{ | | { |
Some Government Econsmists Believe It Is Better but!
Others Think There Has Been No Change: War Regarded as Main Factor.
By SANDOR S. KLEIN United Press Staff Correspondent
WASHINGTON, May 10.—Government economists took | the pulse of the nation’s business today but disagreed over | One school thought it was a “little better”) and another believed that it was “just holding its own.” Both groups agreed that the war was the strongest element in the business picture, but agin they disagreed
BIDS RECEIVED
its condition.
over its long range effects. The experts who detected
signs of improvement took a
pessimistic view of the distant future. Those who believed that business was doing no better than elinging to last month's levels looked
ahead with a moderate degree of|
optimism The economists, who are considered among the most able in the Government, declined to permit use
of their names. They explained that | upset |
anything might happen to their predictions and they did not want to be out on a public limb.
U. S. May Make Loans Again
These are the views of one group: Business has turned upwards, primarily because of war orders. A continued, steady gain, stimulated by war demands is in prospect. But when the hostilities are over, the sudden cessation of war orders will dislocate the American economy. Because, its economic reliance on war orders, this Government then probably would have to take a major part in world rehabilitation and
may have to make loans to foreign
powers. Loans would be cheaper to the United States in the long run because it would enable the foreign countries to continue trade with this country and keep American workers emploved. At any rate, it ‘would be less expensive to make loans than to expend huge sums of money for unemployment relief here. At present, unemployment ranges between nine and nine and one-half millions and there seems little chance of re-employing more than two millions if the steady pickup continues all year. An unusual factor in the first quarter's business was the comparatively high rate of profits despite declining industrial «prodyction and employment
Exports Bolster Trade
And this is group sees it The business have halted for there are still no tum. The indu
the way the other decline the present but signs of an uptrial production index in April probably was about 101 as compared with 103 in March, and 92 in April, 1939 The decline might have been more severe had it not been for maintenance of export trade at the highest levels since 1929. The increased exports largely retlect indirect influence of the war, the diversion to the United States of neutral markets War orders from belligerents have not vet reached sufficient volume to substantially effect the national economy. After the war is over, the United States will continue to sell goods to neutral countries who had
appears to
ON 5 PROJECTS
6th to Be Readvertised; Totals Are Below Estimates.
Low bids totaling $769,670.50 have | received by the State Highway Department on five projects | which engineers had estimated would cost $855,875.68. | On a sixth project—paving and grading of a feeder road 1.8 miles long east from Griffin in Posey | County, part of the State-Federal feeder road program—no bid was! received below engineers’ estimate | and the project will be readvertised. | The low bids, opened yesterday, follow: { LA PORTE COUNTY — Paving, | tgrading and structures on 3.404 miles | on Roads 20 and 2, from 21; miles | west to 1 mile east of Rolling | Prairie, as a part of the dual-lane | highway being developed between | Michigan City and South Bend—J. C. O'Connor & Son, Ft. Wayne, Ind. —$277.412.37 GIBSON AND PIKE COUNTIES —Paving, grading and tructures on | 1.222 miles on Road 57. from 114 | miles north of Oakland City to Glezon—Gast Construction Co.. Warsaw, Ind. —$116,098.61. | PIKE COUNTY—Paving, grading | and structures on 5.721 miles of Road | 37, from Glezon to Petersburg— | Gast Construction Co, Warsaw, | Ind.—%149 570.30. GIBSON COUNTY—Paving, gradilig and structures on 2.340 miles of toad 57. from one-half mile west! to one and one-half miles north of! Oakland City—J. C. O'Connor & Son, Ft. Wayne, Ind.—$90 894 07. MADISON AND GRANT COUNI'ES—Paving, grading and strueres on 4678 miles of Road 13. from Rigdon to one-half mile north of Road 26—Fairmount Construection Co, Fairmount, Ind —$126.894.18. {
been
SEEK TO SPEED NAVY BILL WASHINGTON, May 10 (U. P) | Spurred by the new war develop- | ments big Navy supporters sought | today to arrange for fast Senate action next week on a $655.000.000 naval expansion authorization bill. | The bill, which provides an 11 per! cent increase in the Navy's authorized tonnage, was approved unani-| mously by the Senate Naval Affairs Committee vesterdav. It passed the House early this session
area, F. F.C. Pielsticker, executive as- | applications
2 MORE BIG EXTRA
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‘Mother's Day’ Sunday, May [2th
Just one day in the whole year dedicated to her memory . . . but you can let your tender memory linger on if you choose a gift which contributes to her comfort. FURNITURE IS THAT GIFT. Remember Mother's life time of giving. We can help you in your selection of an appropriate gift.
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Victor
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to divert their purchases here following outbreak of hostilities. At present, export trade is running at the rate of four billion dollars anhually, highest since boom year 19WR when it reached $5,147.000000. On a volume basis, current exports are almost as high as in 1929 The big question in the business picture is the status of inventories Inventory accumulation stopped in March and there apparently was some liquidation in March. Production now appears a little below consumption, apparently awaiting further reduction in inventories which increased $1.500.000000 during the final quarter of 1939.
Don’t Let Dull, Unattractive Skin Mar Your Beauty
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Mereolized Wax Cream
is sold at al cosmetie counters, Ja
WITH A FAMOUS PERMANENT WAVE
1.4% 0183 2.4% 3.45 1.00
Finger Wave, 25¢ Extra on $1 Wave
IR ¥
;
$3 MAXINE WAVE
$4.45 KOOLOX
$5.00 LUSTRA
$8.00 ROYALE
CLAUDETTE
Special Off er
HAIRCUT, SHAM. POO, FINGER WAVE,
Service Starts at 8 A. M. All for 95:
GIVEN AWAY Colored Snoods Given Away With Each Permanent Wave of $2 or more, Saturday Only, Ask for Yours
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when you can quickly remove this un-
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Pepperell Pa
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We have them . . . the new Shelby Cycles for boys, girls, men and ladies Deluxe Streamlined models
$1.00 per week!
29%
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Pair of draperies . made te vour order
~Chenille bed" spread “Chenille Threw up 18 Pieces of Victor guaranteed furniture,
$11.00
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«Pair of Pepperell sheets Pair of Pepperell pillowcases
3 Lam 2 for Vanity
mps + +» + 1 readin lamp for the bed k
1 Summer blanket
231-237 WEST WASHINGTON STREET
4A Small Carrying Charge om All Accounts That Ran Over 90 Days
Innerspring Mattress
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