Indianapolis Times, Indianapolis, Marion County, 27 February 1949 — Page 48

hard as I have’ 4 week

and Far West Report e in New Construction

H, HARTLEY, Times Business Edtior

ourve, : the business level notching its way downward, rhe Rg RT b wi ro- | ness

‘ the past year This is clinging need not have a depression or recession if we all do our job Limestone’s radar-eye picked up a flattening out of construction limestone industry lastion the Pacific coast. There heavy other industries| building is virtually at a stand-

North Central states, construction is normal, In the South thei * is a moderate decline, The East is still pushing ahead.

But Engineering News Record, construction weekly, had story to tell. Last week big constructio institutions, etc.) was 42 per cen year. And the cumulative business for this year

y to last year's high

Last week the Sears, Roebuck & Co. stores of Indianapolis won

the signal for| still. skirmish « with

: ‘to al’ sales offices sald, and every one of us must

” Per Cent Behind

1948 national yearly ranking in C. Carpenter, general manager was officially notified at o dinner

On the Farm— Equipment, Seed Still High

As Farmer-Tightens Purse

2d Big Price Dip Trims Income;

Wonder What Happens to Crops Sold By HARRY MARTEN, Times Farm Writer The second round of post-war price dips left the Hoosier farmer with his lowest income since OPA control were dropped. But farmers were still complaining over high prices of farm mac labor, fertilizer and seed. They were “going easy” on their buying, taking a tighter grip on their dwindling money supply. Up at Fortville one farmer decided three months ago to buy a one-row corn-picker. He put his order in and was told he was seventh in line. Sooner than he exthe dealer told him his “gorn-picker had come in.” He asked what happened the six who were “They cancelled,” him. “ He cancelled, too. Farmers are beginning to wonder what happens to their crops after the crops leave their hands.

Two Cents Per Loaf From January to October last| year, wheat dropped 30 per cent. But retail flour fell only 15 per lcent and bread fell only .7 per cent. Today the farmer says he gets only 2 cents of the 14 cents

a Stocks Hit Skids In Light Trade

Analysts See Bright

Factor in Recession

By ELMER C. WALZER United Press Financial Editor

NEW YORK, Feb. 26-—8tocks declined to new lows for nearly a year in the past week on the second lightest volume in more] ~

tail sales manager of the company's building material division, and

and dams. But today, that field also . Last week federal fell 42 per cent, and

#0e¢ in the hole. If business sinks to the big layoff stage, the gov- discouraging. TS rn 1 ot Into) the, comstzuction uw

business itself, putting stood for all practical purposes, | shelter houses, libra-|at a standstill.

There was a time when the hard-knuckled 4 business man said to his son: “I am going $0 see that you get an education so you won't have to work as

medical care, American Medical Association, reasons the problem this way: “Country dwellers go to their local doctor when they have minor aches and pains, but they to/seek a city specialist for ahead of him, delivery an the dealer told|the country doctor is capable of taking care of.”

Livestock Prices Higher for Week

CHICAGO, . Feb. 26 (UP) —

Trading on Monday fell to the smallest total since last Oct. 11 and the averages, except utility, slipped back fractions. Tuesday

the Indiana University School of Business had sohieihing to say about business education, and how much is needed

for exercising judgment and its ability to ad-

minister the affairs of PriVe'S| "o, weqnesday the losses were

extended with rails under pressure. On Thursday, the rail average made a new low since Dec. 6, 1047. On Friday volume ran to 830,000 shares and prices were Ritied with rails losing an early

Overall the market touched a new low since March 18, 1948, Meantime, business held well, commodities were irregular with a gain on average. Await Tax Action

courage. “These,” he said, “are years of dynamic change in the American economy. The foundations democratic, competitive society “lare under critical examination

between the May and the July x contracts to about 17 cents. following table shows:

although . beef cows, bulls and vealers closed to $1 a “hundred pounds

lower. Receipts of salable stock for the week totaled 42,600 hogs, 37,000 cattle, 2300 calves and 8900 sheep and lambs, somewhat

on the basis of a strong demand

are complaining about the “heavIng” of wheat, caused by frequent pushes

! Higher Lightweight butcher hogs were - cents higher and heavyweights and sows mostly 50 Slaughter lambs

much as 2 points. performers along with/ices. But, say the doctors they : have little to offer a young physician for his education. Dr, F. F. Crockett, Lafayette, [> chairman of the committee on

General Motors Heads T6 Explain Research

.|grain for export. It seemed that

Urged to Enter Used Car Field

The nation’s Ford dealers last

was $21.75, also being paid for some choice 200Ib. averages. The bulk of good and choice 170 to 230-Ib. weights \closed the week at $21 to $21.50.

Sunderland Appointed ends paid: 338. million, the Te-| or of GMC Truck and Coach

To Standard Oil Board

'|Rearranges” Factory been reduced from $100 to $150. to the board. He will fill the va-| The Prest-O-Lite factory of the One-half ton truck models were cancy caused by the death of Linde Air Products Co. at Speed-/reduced $100; three-quarter ton Buell F, Jones, vice president and way, has rearranged. its produc-|truck models $105; one-ton trucks counsel, in November 1047, Mr. Sunderland was appointed conditions and efficiency. base and counsel for Standard of Indiana] Cylinder manufacture, the larg-|ton trucks are reduced §105. June of last year, and formerly est part ofthe factory's business, Two-ton conventional models

|converted - 1,144,807 tons power and light for which it re{ceived an over-all average of 2.89

Officials point out that the avlerage price per KWH in Indianapolis is considerably below the average of 3.01 cents,

dustry is going to do about the RCA and Columbia are begin-

.'Y., announced a television player arms for records,

ries. Many have refused to ‘stock ther of the fine groove records,

J. M. Crawford, vice president of General Motors in charge of lengineering, and D. F. Carls, dai-| rector of high compression - pogeareh development

gine GM, will speak in the first postwar Press-Radio dinner of the in the Travertine Room of the Lincoln Hotel Tues-

of the Ford Motor Co.

“Many. Ford. dealers gave up their used car departments during

“Since the end of the war many dealers have been re-es-tablishifg their used car and

truck departments and aer mak- The program will take the

press and radio guests behind the scenes of research, . engineering

‘ The stock market seems to be feeling business out- asking tie

~ shares Move in Narrow Range; ~ 1948 Earnings Seen as Delusion

By J. A. LIVINGSTON

panic-like, mind you, but gradually and persistently. Railroad shares are," =o caught up to demand. es about 15 per cent from|in 1950, even automobiles may be . ithe 1940 high, industrialsin a buyer's about 6 per cent. ME have sent the stock market into a stion; How far will’ this re- collapse. A pertinent instance: , ; a? ; cession go? Department store 1937-38. And in the $28) 5 : 3040, y rr last, when speculators & polis” Athletic Club, at which Ed Schroeder, building [sales are running belo oo] materials manager, and his staff were honored. Paul P. Howard, re- yaot niiiploym EE tarm| Postwar adjustment as in 1920-21 x prices have broken badly. And —the market dropped more than 12 buyers flew in from Chicago in the company's private DC-3. |virtually all major lines of in-|40 points in eight weeks. 1 1 . The dominant characteristic of this market—ever since ans | Inertia the 1046 break—has been Jnuttia. Industrial shares t for' 30 months—undoubtedly record have moved in a 30-point ru 3 JO er less than

in the business tempo--a

¢ : for stability. From low to high, r 20 per cent. In railroad shares, the ‘niovement has been narrower --23 points, and about 60 per cent from low to high. And today, as the tesult of the recent Gane: : . Deman fers. the Dow-Jones averages are n Big d Bolsters {the bottom of the 30-month range: if i Corn Quotations | ai. aw Ser: oe 55: i je | By WILLIAM L. HATHAWAY |1,g0strials .. 198.16 163.12 171 : . United Press Financial Writer pul 00 0 “gyn 4116 46] Contmental Baking ba In a CHICAGO, Feb. 26—-The gov-| { Jomes & Laughlin Steel na a “ ernment seemed to be buying all] The market — speculators and Woolen ,... 13.93 Tou 33 of the wheat it could lay its hands jnvestors—regard 1948 earnings rises ou 2h LH i kar shor on] 4 3 48ers, 4. delusicn, 85d dei am WH on Board of Ee this week, |Porary. For instance, Real Silk Si 84 Xn 34 g : buying by the Com- Hosiery sells for only twice what " 8 an is modity Credit Corp. of wheat ap-|the company earned per share in he Te noi peared centered in the Kansas|jg4s: ditto for Continental veiees BOO nh se City market where he ame" a|ing: Jones & Laughlin Steel, and| Suu shu CH Dam mM b3 premium of 41 cents a bushel for American Woolen. That AA S34 wm 8 No. 1 wheat for February Guif|tht if a persbn bought the Rio 08 HN Be port delivery. foday, and earnings continued Air Brake $e, » ee May wheat closed the week|last year's level for only . ie yo 3 here 5% cents a bushel higheriiyears, the company would have! seOrery Stores ..... ces 32 9 May corn, 3% to 3% cents high-|, . nea his money back. . ia 31% OD a 16 bo. |’ |wouldn't get all the money in Siu i Th futures here did not keep|idends. But what he didn't “ke Wx a pace with the brisk advance in Would be in the enterprise . 8 the cash market for wheat, the|ing for him. Inference: The mAr-| i Keduetion ....... , 238 31k 98 chief effect on futures of CCC|ket 18 sayiug ste pron vend im a1 2. bidding to widen the spread last, Bven 8 earnings "0 i » HY)

Corn Prices Higher Corn prices here were higher

for the cash product where re-

ceipts had dwindled owing to the combination of still-bad roads nd unattractive prices. Oats futures showed a general decline in the deferred months although the May managed to hold a semblance of firmness in line with a steady cash market. A visible evidence of the stepup in the government's wheat buying was the announced purchase of 2,110,431 bushels in Kansas City

Thursday—the largest in weeks. It was said that ocean shipping,

prospects in the Gulf had im-| inden touch corto proved to such an extent that) jr uARiehtonds 1 vessels were awaiting arrival of Data: Department of Commerce ™ with about 45 million more

looked like a reasonable

next year, reported sales of $1.-/as against only a quarter two 137,510,000 for 1948 in its annual

The company paid $437,293,000

From _ the bushels of corn to be bought for Inventory Quandary Xi vate gusstion ‘Bt export, this market soon might! gow big are inventories? Back in 1939, manufacturers carried also see action. as much goods as they sold each month. Today they've cut the pro- . portion down to 1.8-to-1. That would imply that manufacturers are Western Electric [not overstocked. However, if sales were to turn down sharply, what

194 8nd Prepared for J. A. Livingston business stand. twice

Earns $50,848,000 one month would seem top-heavy| years gv 0 (see chart), That has

The Western Electric Co., bulld-| Moreover, manufacturers have, It means wholesalers and re ing a new $30 million-plus plant|peen producing faster than they've|tailers don’t have to stock. so on Shadeland Ave. to get into|péen shipping. Finished goods are| They can rely on giick 1ow- production “with 5000 employees now one-third of thelr laventories, oo ont 5156 carries the

: suggestion that any decline in Sateen (GM Reduces Truckiorer vil reer etion ane

workers—as has been

earnings of $50,848,000 with divi-

. Douglas,

sad. Division of General Motors at Mich, yester

Linde Air. Products Co. rortiae:, list" prices on ai light

es have

tion layout to improve workinglup to $150, Sepending on wheel-one-and-one-half

served as counsel of its subsidi-|is to be consolidated in one areajare $105 lower and two-ton cabAbout 125 are expected to attend ary, the Pan American Petrole- with new equipment and lighting over-engine models are reduced ves from Tela un Transport Co, New'and heating planned, officials an- S118 Panel bodies were cut $25)

In 1948, Ford dealers sold 729, 991 used cars and trucks. This nted a 92.6 per crease over 1947.

| Death Notices

and some have gone out of the and styling of GM's 1949 cars.

record - business entirely,

including GM executi

3 Cord of Thanks 3 Card of Thanks 3 Card of Thanks 4 In Memoriam

to $50.

HALCOMB--With deep » tation | WADE-—~We h we_wish to ur ‘friends and Tu un

and employees, the Rev. and Shirley Bros. hd

and dmother. We are especiall valu) to Rev. Carl C. Bosse, , « ’ 3 ately w of W ally wish to thank LOUIS AND JOHN.

rd | brother “of RB, Yaa Lawharn. nd Bases aval urday morning. i ay. $90 hm - Tov A oped 5404. BNTRAL CHA ha’ Venton Miter; Indiwnepolis 1 oVIng Memo i . “wath © THseTy” tr bwek ower & Light Co,, North Park Ma- ENCE W. WEBB, JR., who passed| ton), 6 onds, Vic. Ayres’. Re- " 3. » RI 3902 an

$46 N, Nlinols St. Burial Crow ing’ Chapel for courteous’ services. Cemetery. Friends call

TRIMBLE BALCOND sonic Lodge, the doctors at Taylor JOHNSON—To our kind friends, relbors and 0 thank them for the

CLAXO! are deeply grateful to to our friends, Jeighhors and rel-

ex the beautiful floral other les ex

= -

Bluffton, Bill Miller | 2W8Y ¥ Herman Puneral Home He hassel IPE AND PAMILY. |, The deepest, the strangest, the Inst, | WE WISH TO HEAR

deeply grate

Bu may call at IRVING HILL CHAPEL after 7 p. m. Monday. |p.

3 Card of Thanks

JOHNSON-Clarence { C., age 01, 1412 vy BEIER-With sincere we wish to thank

= ®

are most apprecistive and wish to tic attention and other courtesies

thank the executives H. Block Co. fo

r kindness; Dr. Himler | or

08 AD K. |neral Home all for tac

GREENE — With heartfelt appreciation we wish to express our than ki nds,

and relatives for their sympsthetie and bea

——————————————————————— any way in our bereave- We wish to thank | 3 J x AND o LA FOLLETEE--We C! \ | attention, BENN s wish Xpress our y recent be services, ends may call at the Pooh hanks lo our TSU ing, MR. & MRS. CHAILE LAYOLLETER

16390 N. Merids "030 [ of . an; LH A Are. Church Josh

Centetery, Min day, Mur. 1. Prieads ay ¢

Prospect Bt. Services Monda 10 am. a8 funeral home, InterBloomington, Ind.

VOLLRATH=In loving remembrance - FOUND us

JOHN CO. VOLLRATH he departed | , who this life Feb, 24, 1944: downtown. Call CO-2884. We cannot, Lord, Thy pu see, But all is well that's done ‘Thee. WIFE, CARRIE;

boxer pup, child's pet, \ months old. Vicinity S147 Ather- , - |ton. (5100 East). Liberal reward.

years ago; Feb 26: stived it, life's wonderful pr

yi way of you, We hope to So young, 50 unworn by the strife, one, Box -304. moth | oie beside. him, brimful of Hope's | Times. ’

nectar, Untouched, stood the Goblet of God 141 i avout 1%, how nobie,] J1_Personals

——— ———— I — Pui H tle he how brave, mw brent hu ‘possible tare, , INFORMATION WANTED God knew all sbout nt hot Who Tove alemring BEL Hr Tol the

him, : How bitter the trial must be; And right through it all, God Is|.pyje 26-~That each member is re-

3 times Ang know? 80 tugh bettor than wa. his with citizens and is re-

An school of thy ANGELS _ |c .. snyone who has had unfor- ,

cua wmmoria 120 Shove ists $100 to $150 |S M. man-

pain between sho

haustion, etc.

Then Cut This Ad Out

tt-t0 my office or go to some chiropractor and get started on the

road to better healt

h. Dr. E. R. Bebouj, Chiropractor

712 KAHN BLDG.

RI-8T1 LI-4048

“LAMP SHADES GLEANED “LAMP-LIGHTER SAYS“ 2-3-day

Avoid the ein service if desired. . for, deliver,

Wetter Lamp Shade Cleaners

1829 N, DELAWARE WA-A138

SEE oT ee Sito]

Soinsthing new in y original styling. Hay d only $1 per Manjcurts 50c . a 20 vears,night i 10» m Rove) a

Roosevelt Bui : Resorts and Cottages for Rent

207 Snfly Tesorvition: for week nds

of] SE, Tomuio. FR. 3008 or PB. Or Box

od PATENT FOR SALE faucet. tke it on the ag, 0g 4 afi ~ WATOR CRYSTALS FIiTED § WHILE YOU WAIT : aE an Hay PR-1500

WEAVING FOR LESS

Bish 158

HAE gt Eh