Indianapolis Times, Indianapolis, Marion County, 9 May 1947 — Page 38

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Business—

Some Builders Idle Despite

‘Lack of Homes!

Survey Shows Boom In Some Cities

By UNITED PRESS In the midst of the housing shortage, carpenters, bricklayers and painters in some cities are idle for] lack of werk, a survey showed today. In other sections, however, construction was being delayed because of a shortage of such workers. It

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was a case of boom in some cities}

land slump in others, the survey showed.

in actual building was reported, contractors said they would curtail operations _when present construction is finished. They cited two main reasons: The high pri¢e of material and the high cost of labor. On the slump side, the survey disclosed these conditions: \NEW YORK-—Between 22,000 and 25,000 skilled craftsmen were unemployed. Construction contracts have {declined and layoffs have increased during the last four weeks. An éstimated $75 million to $100 million

—-{in planned housing has been aban-

doned for the present because of high. costs. WASHINGTON, D. C.—An estimated 25,000 men, most of them laborers, were idle in Washington and surrounding = area. Most skilled labor, however, was employed. But the Home Builders association said that many contractors were holding off on con-

| struction because of material short-

ages and buyer resistance.

PORTLAND, ORE.—Union officials said about one-fifth of Port-

work and blamed the situation on the high cost of materials. Several hundred homes ‘stood unfinished in | what industry spokesmen described as the “building stagnation.” LITTLE ROCK, ARK. — Spokesmen for the carpenters union estimated that 20 per cent of the city’s carpenters, plumbers and other skilled construction workers were idle. Contractors with completed plans on paper were holding off actual construction Because of high costs and uncertainties. On the brighter side, “the survey showed the following:

DETROIT—Contractors said there

In some sections where a boom 5

land's 5000 carpenters were out of »

| pleted today, when ‘the senate votes

With To o

Argues That It Lacks

the one the house passed.

sored by Senator Joseph H. (Ry Minn.) and backed by ons Chairman. Robert A. Taft (R. 0). It is directed against union coercion of mem-| ! tive members. A move to split the|

Truman a choice in use of the Mr. Perkins veto, was beaten | 56 to 35, and a motion to delay the! whole issue for a 10-day study | period was knocked out 60 to 17. But an amendment regulating union “welfare funds” won by only 48 to 40, and restrictions on in-dustry-wide bargaining—for- which Senator Taft made a hard fight— were rejected 44 to 43. This record of votes up to today impresses observers with the apparent impossibility of mustering a two-thirds, senate majority if the fina] product goes much beyond the present senate bill. If all senators vote—a probability on a vital issue such as this—64 would be required to override. Senator Taft shows cognizance of | this situation by his announced opposition to stiffening amendments,

y fo Bargain. n Labor Bill

Enough

Votes to Override Velo of ‘Tough’ Meusure

By FRED W. PERKINS * Scripps-Howard Stall Writer WASHINGTON, May 9.~The senate is getting in yiosition to bargain effectively with the house for a much less stringent labor bill than

The senate's argument will be strengthened by the record showing it lacks the votes to override the veto of a “tough” measures, “One of the strengthening amendments to the senate committee bill was adopted 60 to 28. 3 was span} ‘

Steel Shortage ‘Forces Chrysler To Curtail Output

DETROIT, May 9 (U.P) —Chxysler

senate bill into, Corp. suspended body assedibly and!

four parts, giv- | (final assembly of passenger cars in' Prices dropped for cheese, evaping President

the Detroit area. until May 20 today. The suspension came because of a steel shortage ‘which has forced other manufacturers to curtail production. General Motors Corp. closed {ts Fisher Body plant at Pontiac, Mich., and curtailed production at! its plant in Lansing. It's’ Buick plant at Flint also was forced to! cut its output.

Nash motors division of NashKelvinator Corp. said it was forced to cut production 30 per cent be-| cause of = shortages in sheet steel and other materials. 8 2 8 CHRYSLER officials estimated. that 7500 of 60,000 production employees would be affected by the! shutdown. However, Chrysler, machine departments will operate whenever possible. .

some of them insisted on by Senator Ball. Mr. Taft also has stated he would oppose the Hartley bill Complete Program Today The Taft program will be com-

on an amendment making unions suable. by employers for damages resulting from boycotts and jurisdictional strikes. After that the Ohio senator is' expected to withhold his

the nation to some 90,000 units|

from last week. Truck production this week was the lowest since Jan. 18 when several plants were closed on curtailed production during inventory operations, the trade paper said.

support or actively oppose any further important amendments. " ‘He has indicated there would be | a session tonight to dispose of they additional amendments, with the | hope-that a final vote on the measure will come next Tuesday or Wednesday. Senator Taft's record on this bill seemingly refutes a charge that he |

And} 7

Stockpiles of steel were at a new low for the year, the paper added.

Local Issues

Nominal quotations furnished by Indi ndpolis securities dealers:

* STOCKS

Agents Fin Corp com | American States pfd American States cl A Ayres 413% pwd .

increase of 41 per ceat in he past Ny

Automotive News, industry trade publication, said that steel short-| ages would cut auto production in| 1

this week, a drop of nearly 8000 ]

Wholesale: Prices off for 5th Week |=

Building ‘Materials, Foods Go Up

WASHINGTON, May 9 U.P) ~~ Wholesale food and. bullding material prices rose Ivst week but the overall wholesale price level registered a slight decrease for the fifth consecutive week, the bureau of labor statistics reported today. JBuilding material prices went up five-tenth of 1 per cent for the week ending May 3, making a total

year, Food prices at wholesale rose 1% per cent, due to higher prices of most meats, butter, fruits, vegetables, apples, oranges, onions and tea. {Total increase in wholesale fodd prices for the past year was 47 per cent, Farm ‘Prices Off Most

orated milk, dried fruits, bananas, sweet potaioes, wheat flour, corn, | cereals and coffee. ‘A’ drop of 1.7 per tent in market | prices of farm products such as {grains, animals and cotton contrib‘uted to a decline in the average of {900 commodities of .1 of 1 per cent, | ‘This made a five-week drop of 1.8 {per cent although the index of jcommodity prices still was 33.5 per |cent above a year ago.

Predict Further Drop | Quotations for most grains were {lower during the week ending May {3 and “traders anticipated. future price declines,"‘the buregu said. | - Decreases in the wholesale market | price of corn were “especially large.” Hog prices went down § | per cent and cotton quotations {dropped more than 4 pér cent, the report said, Increased costs of piece goods

suits higher.

Kingan & Co pid -. Lincoln Nat Life ... ane Lincoln Loan Co §'; pld ror Marmon Herrington com .... Mastic Asphalt ... Natl Homes com N Ind Pub Serv 5% N Ind Pub Serv com P R Mallory com wy Pha Laundry com Pub Serv of Ind com .... Pub Serv of Ind In% ‘eee | Ross’ Gear & Tool a Sond CG & BE 43% pla. | Stoasiye Vag Camp vis Stokely<Van Cam { Terre Haute M Leable {U8 Machine com ............ | United Tel Co 5%"... = Union Title com ............

BONDS

| American Loan 4'2s 60 _| American Loan 4)as 58

CC AA Time

Y, MAY 9, 1947

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10: :45—Faraily Fair Frank Merriwell Frank - Merriwell Nd McConnell Bd McConnell an on the Farm

1.30—Sverybody's Farm 3 45 ~Everybody’s Farm 2:00—-Oreh, of the Nation 2:16—~Orzch. of the Nation 2:30~Orrh. of the Natien x 45—COreh. of the Nation 3:00—Dr. 3:13--Dr: Then 3:3—Mamzs of Tomor:ow

a Now & Now

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had joined with other Republicans, Ei Col com ... to. put before the President a labor Belt R Stk com ..... bill so drastic that Mr. Troma) Donte Mil de ptd would be forced to veto it.

| Boome: Merril com nro Circle “ . {higher wages, halting construction! - Takes Two Steps Comwith Loan 4% pd . {of about 15,000 units. | According to the charge, the Re- |Consonauted Tudustrios com | ‘ RALEIGH, N. C.—Building wag |Publicans then would blame the |Consolida {near the boom level, with no signs | President for failure to get a new |of a slump and no appreciable num. |1bor 1aw this year, and the con-

36%, | Bubner Pertilizer 5s 54 idea 35% ' Ch of Com Hig 4'28 61 .... .| Citizens Ind Tel 4's 61 ... ..i| Columbia Club 1%s 5s . 18 "| Consol ‘Pin 5s 66 32% } Delta Coll 5las 56 | Hai rich Bros 4s deb 102% Hamilton Mig Co Ss

was a building boom despite the fact that prices were about 75 per {cent above the pre-war level. How‘ever, 13000 were on strike for

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26 Grandchildren (Scot ) 27 Pheasant brood 28 Distress call 29 Ram 30 Anger 33 Upright 34°Speakir 36 Amphitheaters 37 Take offense

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{ber of workers idle.

| LOS ANGELES—Contractors Te- | ported no indication of -a slump in {Southern California. Los Angeles 12,156 permits issued for {single family residences in the first ‘quarter of this year, compared with 11,067 a year ago.

workers were reported “hard to find.” There were no layoffs and no appreciable shelving of construction plans. However, some buyer resistance was reported. Other cities reporting full em- | ployment or -brisk building activity | were Omaha, Neb.: Birmingham,

Ala; Montgomery, Ala, and Bos-

Cities reporting building slumps! or layoffs included Pittsburgh, Sait Lake City, St. Louis, Oklahoma City, San Pranecisco. and Des | Moineg, Iowa. Philadelphia, Columbus, 0, and Memphis, Tenn. reported that | present construction was being completed, but that plans for future |

delphia contractors anticipated a “terrifie” stump in a few months.

employment except for painters. | About 700 of the 19,000 Chicagoarea painters were out of work. ! Real estate spokesmen said there |

E| Was a “definite” buyers’ strike.

Local Produce

si—————— PRICES FOR PLANT DELIVERY Poultry: Springers, 3 Ibs, and over, 33 Leghorn springers, 28c: cocks and re 108; hens, 4%: Ibs, and over, 30¢; under Y2 and Leghorns, 20¢; soft meated chick-

Butterfat: No, 1, 59c: Eggs: Current receipts, | 37¢; grade A large, 42c; | grade, 33c,

No. 2, “S8c¢. 54 1bs. to case, medium, 38¢; no

38 Years of Square Dealing!

~~ Smart Dres

ATLANTA, GA. — Construction |

building were being shelved. Phila- |

Chicago reperted no unusual un-|

eat, 25¢; No. 2 poultry, 4c less than No.

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troversy would go into next year’s national - election. Mr. Taft has taken two steps in addition to announcing his oppo- | | sition to certain stringent amend- | | ments, that are cited by his supJporiars to show he. wants a law | imore than he wants to invite a | veto. The first action was his decision | {not to seek reconsideration of his | close defeat on the industry-wide | bargaining issue, The record shows] {his side probably would have won | {by one or two votes on a second [try.

’

Compromise for Votes

But he told the senate, “Inas-| {much as the division is so close! land so many senators feel strongly | jon one side of the amendment, | even if it were carried by one or | [two votes it probably would not {advance the bill, and it might lose [oe for it.” The second Taft step Indicating | willingness fo compromise to win {votes for passage of the bill or against a veto, was his substitution | of a much milder proposal for the {Ball amendment against boyeotts {and jurisdictional strikes. The Taft, substitute, the subject | {of today’s scheduled vote, drops out | {2 mechanism for obtaining court | {injunctions against labor -unions | {engaging in boycotts and Jurisdic- | |tional strikes:

Truck Wheat

Indianapolis flour. ‘mills and grain ele. | vators are paying $2.50 per bushel for No. 1 truck wheat; new N& 2 yellow corn, $1.57 ver hushel: No. 3 white corn, $1. | per bushel; oats testing 24 pounds or! better, 89c. yellow soybeans, 14 per cent moisture, $2.90 per bushel.

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