Indianapolis Times, Indianapolis, Marion County, 18 September 1949 — Page 19

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SUNDAY, SEPT. 18, 1040 ____ ____ _ THE INDIANAPOLIS TIMES Si

ThaWesk in Buiinen Shalion Wagons Bigger, This Industry in Good © | 9 Shape as Fall Nears

Bankers Warn Businessmen Not to Expect '48 Standards

. By HAROLD H. HARTLEY, Times Business Edjtor LAST WEEK most of the dew of doubt had risen from business pastures. : Companies, larded with. cash, had been sleeping like war-fattened ‘possums during the hot months. Once-wor-ried Sutiylives began to stir, watching phones and mail eagerly for orders, beginning x ‘to trickle in. pa We hgh A Sk Industrial bank accounts were Warned: “Don't expect an

tn good shape, full of cash from/ like 1948 very soon again.” inventory = liquidation, Reserves| That made one of the biggest

One Carries Nine Outlook in the Nafion— Farmer's Prosperity Not ds High as It Was | | With Another Drop in Offing, It's Plain Something Is’ Wrong

. By J. A.LIVINGSTON = *. THE FARMER is still a highly prosperous citizen. But | not as prosperous as he was. : In 1047 the farm operator made more money than in |any year in history. His gross income from farm market

ings and government payY (At the same time, his operating ments approached $35,000, oypanses, such as labor costs and 000,000. After expenses, his the price of automobiles, fencing net income was $17,800,000,- wire, baling cord, oil, fertiliser

000. That was 8.8 per cent of the things he buys—moved up. The farmer was beginning to Tose

YN werd built high during the’ rich|bankers ask, "hat will the new da BA oe : alk ny bo ; T.. the national income. his wartime advantage over in 3 Years Sgune the leas Fears Suse » armgl by Hh * aye ty ot This Chrysler Royal station wagon, first post-war model, carries nine B r and has 10 feet of loading space with center and rear | In 1048 the.postwar tide turned. dustrial workers, whose wage in EEK Last week purchasing agents| war years. There must be, he said seats removed and the tail gate down. Seats are leather-like plastic in alligator finish, cleaned with soap and water. , |True, gross farm income was 4 steel and automobile plants and G ‘were beginning to dip into com- ® new concen* of “normal” oT og - Tl TT Te 8.6 : aN Ee 4) Era higher theuks to bumper Sua} Hines Yept on rising. Net le any tills to replenish inventories. | higher hall pre-war years, but Pl El 4 L Sh . But prices the farmer re- income of farm operators in ’ pany wil hi in the re Llower than the money-gushing 0C S im an ec ric ving OW e lires {ceived for his wheat, cotton, hogs, at $17,400,000,000, dropped to 7.7 the sign of a sunny day ahead. |war period. | opi | ‘and other products started down. per cent of the national total. 8 ‘ ren a Jeee No Push B They. tg et ‘otter uimsasmen . As Sequel fo Homes Parade jj; 1: More of Same Am! drop is in the offing. Crore No Pus UHONS would like to know. Their "head i avy I ng : | : r are slightly smaller than in '48. For throbs always He in the unpredictable. Power and Light Co. Schedules Event | instance. the wheat hagvest will be off noticeably from last year. ———— If they knew exactly what is ahead, they could run their busi-| bo : 2 : : t nd sensitive, farm commodity prices are just about at their RS nesses with push buttons, But they would lose the excitement of the! Rising Prices Lift For First Threw Waeks i” Desber 3 « Corn Irregular; Jovy out 2 Sunt from the peak. Here's the price story for five business adventure, the matching of wits and genius, the blood- : ’ . The Electric Living ow, a sequel to the Parade of Homes In y ucts. warming thrills of success. . . v List Near Year's High which more than 100,000 Hoosiers visited new dwelling units last Rye Advances Post % ask Bankers believe the shift in the TPHBrise team, some bankers) gn. gj MER C. WALZER week, was announced today by the Indianapolis Power & Light Co., CHICAGO, Sept. 17 (UP)—| Product Recent War De- [10 Pe - rm expenses, Bers Yo thes n t€ frankly point to government United Press Finanelal Editor The Electric Living Show will be staged the first three weeks wheat «futures climbed more than! Price High cline on SOmmen with industria ex: business wind was nothing more| spending (defense, farm supports, | NEW YORK, Sept. 17—8tocks in October in co-operation with the Better Living Division, research res clim m n Coth ThoY oS T5 § 2 81-52% Janaes, have hot Some awn 84 than a shift in public thinking| Europe), as the oxygen tank advanced this week on the heavi- y,equ, of the Westinghouse Corporation. . ol ; 4 cents to sell at new seasonal Cotton (Ib.) +s. ..30 30 23 Jax 38 resets 5 i Income. Jor

from negative to positive, from which will keep prosperity alive. |est trading of 1949. Four houses equipped by de- ren highs on the Board of Trade this i recession to a mild upgrading of | When sales slipped last spring, Rising prices Monday lifted the grees with electrical equipment to Government to Sell 8 week. Corn via regulali oath Hoge (100 ou.) 2 pi Toy 2 300,000,000.—1f it gets that high, prosperitya'Get the fear germs businessmen got busy, Towered jist to within touching distance of demonstrate the growing ease of Alli Pla ildi : WE a ang 513 31 That would be a drop of 13 per out of people's minds, and we| break-even points, reset -Opera- the year's high in the industhial 1949 living will be on display. son nt Bui ings mostly steady and rye higher, | lene : cent from last year, and would - move along & norm} course. No| tional rigging for a blow that did yyerage. Then.on Tuesday, the 4 Homes Displayed | Right government-owned build-| December, March and May! So far this year, receipts from amount to 6.9 per cent of the nabig boom,” they warn, “but plenty not come. Result: Today experi-| jist had its best rise in several First will be the Thrift Home? ings at the General Motors-Corp. wheat all sold at thi season's top farm marketings are off about tional income. k of Salty ead” = the rat eg uainess is In better-than-| months and the industrial aver- st 6404 Evanston Ave. built by Allison Plant No. 5 in Maywood Prices with September at its best M St bl Agriculture is getting just about the same 8 p ge shape. ; {age hit a new high since last Nov. W. L. Bridges & Son. It will be will be purchased through sealed Price since last January. It elif ore OTADI@ hare of the national income as in the Y | R h P : While most of us may not be 4 and the industrial average since furnished with appropriate equip- bids Sept. 28 from the District Maxed a two-week rise for De- 1y,ntjes, and considerably more than during the depression Tt vile Kus! FeVIeW hinking of Christmas gifts for| Aug. 30, 1946. 'ment for its price class and will Engineer, Louisville district, Corps ceMmber, which was nearly 8 cents The farmer, by any standard, can hardly be said to be doing badly. uncles and aunts, nieces and nephews, etc. the department stores) That rise and the Monday ad- be furnished by the Rainier Fur- of Engineers. {a bushel higher than the opening What's more, he's a mtich more stable citizen than in either the Tens, are. They have to. They figure carefully what demand will be vance reflected what then seemed niture Co. | Storage, tool and field construc-| 21°F labor Day. 'the Twenties, or the Thirties. He's not subject to the violent up and “and already are blueprinting the size and variety of Christmas to be.evidence there will be no Second - will ‘be the Budget =~ o 0 buildings are up for, Compared with Saturday of last downs in Prices Ant ID INCOME. | ———— stocks. : ner | 7100 Strike. Also aiding werelHame. shorted at on Sogn. sale by sealed bids, which will be "*¢K. the delivery closed last The main reason is government leaders that by Shuang wi eld At the moment most stores are playing safe. The cool weather concessions made to the British Zt. , bY od accepted by the Louisville firm night at $2.09; a bushel, up 41 support of agricultural prices. In 316 Luves $100 million of

. { . It will be furnish % puff in sales hasn't been convincing enough to go all out in buying. in the three-power conference and Thomson Co (cents. September corn at $1.25% February, 1048, and again in Feb-| An indications there will be no pound PY the Rainier Furniture Co. until Sept. 28. was Off a cent; September oats, ruary of this year, serious price in its stockpile, with mo market

They will stock probably a greater Et - A ly bad risks, people who t | Rr frinop th smater Quanfter son a Sterling devaluation. Idea Home 68%¢, off % and September rye, breaks took place In the grain| o¢ m sigh asked Con- . "hat me St to come eye Tans Sak Tor money) Induptrial Average Up cand Th Bt but by the P. E. Cochran Appointed $1.46, up 2 cents, ” {markets. But 3738, a Ihe de-| ren era ts Tag eggs That means first to come w y. . ’ Pre Bt, DY. the. ne n—Ceth ; creda cori = Ipressions of 1937-38, or 1929-33, Boxfresh not thE BEL OL BES, S00 people} 0 do nit GEL 1, a, J t eta Ey ~ I ing Meridian Construction Co., and Texas Co. Sales Head i Soybennw Higher ("1090.91 no panic started, At levels which induce overpro... SE eT TAL Ti do whiop early. Due of ithe biggoestel This...monsh...amall. ORNS, } ote A and) gal 3 furnished by L. 8. Ayres & Co. P. E. ‘Cochran has been ap- November sbybeans closed The government stepped in,| duction. - nt Enns cei Betee a. Ore ark Ho rant & POE. te and the Tall Fourth will. be: the Dr Tax e/ pointed tq ssucosed Pixon: QupDIENer.. at $2304, up. 1X -cents: stemmed the decline. laissez, ously, the Department of : apolis reports a yearly Christmas credit picked up. One manager MOT® Hal . Home, complels with &, Very-efet- "3s division sales manager for the for the:week and September. lard faire. wis not: pérmitted tb go soulture.- and Cong 3 loan furpy as early as late Oc- put it “When work is ragged and For the week, the market was tric living idea, built by Robert Texss Co.'s Indianapolis Division, At. $12.07 was up’12 cents per berserk. a "re-examine the entire farm sup ‘tohber. doubtful, good credit risks won't the broadest since Aug. 12 with L. Mason at 480 W. Hampton jt was announced today. *° * hundred pounds. ; RN vitu=y etme 1 mine the

The small loan business has horrow. That's why their credit 1345 issues appearing. The all- Drive in the Butler district. If Mr Guy goes to’ Chicago as, Cash and -export houses w ; | solv been stuck in the thick molasses jg good. But they are coming in: time record set a month ago will be furnished by L. 8. Ayres jqqistant a of A oa actos buyers apy wheat, Ey | Sen are Tens S39 hur syle Repre ——— aight rol - of" éustomer. caution in the last now. They can measure their brought out 1357 issues. & Co. fs pany’'s central territory. \against cash sales to the Com-| is hardly healthy. It means mounting surpluses. Some way, : two months. ability to pay better than we can.; This week 1000 issues advanced; The Electric Living Show will Other appointments in cud e modity Credit Corp. The agency, that the market, ex-Uncle Sam, (therefore, will have to be found Applications for loans were 90 Today they're getting jobs, and 217 declined and 128 held un- Siress planning for better elec- oC, Dunn who succeeds Mr. buying mostly on a basis of 153; | would go down. It means, as [to cut down U. 8. production to per cent of normal but they were borrowing again.” : changed. Sales totaled 6,812,370 trieai living through wiring plans, cochran as assistant division cents over Chicago September _government officials realize, probable consumption or to ine In automobile financing. it was shares, largest since the week * equate outlets and lighting. manager and Frank J. Novak FOB Philadelphia, took’ more| that all is mot hunky-dory. Sec [crease exports. Only that will and

Car Loans Tighter about the same story; . ended Dec. 31, 1948. Last week’ a who is transfered to Indian- th : : ¥:-told in dif : sh: ; ns o Indian- than 4 million bushels for| retary of Agriculture Brannan ‘ma ces real ferent language. sales were only 3,201,150. shares. Building Trades Job |apolis from the Cincinnati office.! Atlantic clestance this week. | recently told Democratic farm apport pri inti

The pre-war “clunkers” have sagged badly in price, same of! Steel shares were given a whirl . | them dropping 50 per cent in the last year. {when the labor news was favor- Outlook Held Bright One ‘top auto finance manager said, “Pre-war cars are definitely able early in the week. The group WASHINGTON, Sept. 17 (UP) pot wanted. You make a loan on one value this month and next petted gains on the week. Oils —The Labor Department said.tomonth you don't know what your, ~— A also made a good showing. Lead- day employment prospects are paper (note) is worth. a month ago, down $150 to $200. ing rails ol wide gains. Pre- bright in most of the building “Most of the quickies in the That is ail there will be for, 4 joeueq in the utility divi- trades. om used car business, the cream- awhile, although the steel strike, sion were bid up several points. In a pamphlet prepared for the gatherers of 1946-48 are being if it comes, will stiffen the market. Numerous _special stocks regis- Veterans Administration the deEe ia aby TEE Hil ie 4 Het presacral wie Ae a : tt ins of fractions to more ‘earning the trades. sa e will stay. But some of them are NE Of new models This Bnd ee aint. Tobaccos, coppers, danger that building skills will complaining to high heaven. They their way onto used car lots the amusements and ‘chemicals ad. Decome obsolete is “so ‘slight it simply don't know the champagne first day they are out. Last week : : _ |€an be ignored.”

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Toul save Plenty ot HOME

: } } 8 party is over.” , 'a 1950. Studebaker ‘Champion Yanced. § i |. The department conceded that A oy LIANCES 1 ." Used car prices were clipped brought $2135, well over the price < Production Gains [4). 1o5ng range prospects for a » ia ! (on the Big Three, 1946-48) about to dealers, : Production” rose for the week few of the trades—notably paint- ay Franti ‘ . iw after the reduction during the ing, paper-hanging and boiler- . AR W Labor Day holiday. . making——are slightly gloomy. o (}

* 3 S—_— | Auto output totaled 154.330 ears - ‘and trucks, according to Ward's. Hoosier PMA Official

| This figure was near a record and, . | compared with 123,806 in the pre- Moved to Washington

vious week and 94.410 in the cor- ., F. Troyer, LaFontaine, Ind. responding week of last year. formerly in ‘charge of commodity Steel production schedules were |... for the Indiana office of the held down by a threat of-a strike Production and Marketing Adminjou Je U Bie Sinies Stew Cos istration, U. 8. Agriculture Depart- | tertalize and hence it was believed ment,’ has been named assistant { : director, “shipping- and- storage }-

{output for the week had risen ; | : * 87 barnch, PMA, in Washington. about 3 per cent to around 87 per, He will be In charge of grain

{cent . of ‘capacity. The actual figure will be announced on Mon-| Storage facilities recently ar- . ‘quired by the department.

day. | Construction rose about 7 per He had been associated with |cent over the .previous week but the Agricultural Adjustment Ad|was below a year ago. Lumber ministration, and the Credit Com|output fell for the week but was modity Credit Corp. {even with last year. Crude ofl} &

‘5 ; ‘ # | A: fun . .o h . output rose on the week. ' So did! New diners make food fun 88. the Penny gasoline production which also Ayres Research Men

E . Wh | The Pennsylvania Railroad is was above a year ago. Coal out- To Address Marketers ! ating on N@€IS ,riming its passenger business put slipped back a bit as some, , © Kuerst and W. F. Shafer

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by adding to the pleasure of eating en route. . miners walked out of their pits in i . v. . y The E ennsy recently added 18 new twin-unit master dining cars. what may become a nationwide o¢ a 3 Tock Riseash Depar, » — Last week eight more new $135,000 diners were delivered. Designers coal strike. . ing of the Marketing Research missed nothing, a gay fiesta atmosphere (helps digestion), no-draft — ny 1 di CH 8 th - : = /STEEL AND PALM OIL Club; Indiana Chapter of the

al ' air-conditioning, indirect fluores- = & cent lighting, venetian blinds and pasture. ‘The powerful, Mallet! pout’ 25000 tons of palm oil an upgrading of waiters’ disposi-/ locomotives: which huff-and-puff 1g ysed annually in the American tions. heavy freight over the Alle- gteel industry; it is a lubricant in They will describe the functions The part you dop’t see (the Bhenies are giving way to long. che cold reduction. process of roll- of research and how it is applied kitchen) is in stainless steel with sleek, diesels of even greater ing steel sheet to a thinner type. to Ayres ‘methods.

; . , : range, combination electric and POWer. Ime ester charcoal-fired . broiler to cook, Seven new diesels will replace) Jfo D d B 4 M ¥ . : meats on all sides at once. They: several times that many moun-| irm eman 00S S ea * carry a deep freezer stocked -with' tain work horses which help pull * v . . ° fish, fowl, meat and vegetables.'the three stiff grades between Pp 4 9 S pply R : Refrigerators -are air-sweetened Newburg and Terra Alta, W. Va. rices. as a 0 th Ises ] -

American Marketing Association Wednesday In the Warren Hotel.

by ultra-violet rays. | On the locomotive retirement. Retail Advance of 10 fo 12 Cents a Pound Drinking water {is filtered, jist is “Old Maud,” designed, built| . } . . a . sterilized and chilled to that Tll-/ and operated by the B. & O. in| Brings Swine Marketings to 3-Year High . : have - gnother - sip temperature. 1904, The Mallets had one boiler By MARION CRANEY »

They have ry radio and public ynit for two engines but were Spurred by stronger demand, meat prices continued climbing oe Aor address system. |designed so: they could turn in Indianapolis last week. ] os TS The B. & O. is turning some of separately on turntables and With faces red from past predictions that didn't come true ida I the, lowest price ec for Eye Witness its steam work horses out toigharp curves. wholesalers and butchers speéiilaféd that prices would level off this 3 Ts fpecial Ofcasich, 3 special low price It N WwW No tore waiting 10 days for plaster to dry before week co - or A Dis quality! And Took at the features ; % e painting. Infrared heat is now applied by a bank a RuoLAlA on pork Rrodghis in packing-houses dropped slightly you get: new, wider 61 -square-inch screen; the of 25 bulbs, 200 watts-each, which permits plastering one day, paint- gurine hie bing? it Tetal Da erages bulk sold at steady prices. RCA pletor Eve Witness Picture Synchronizer; a “ ng Ie ve packing Industry, reports Business Week, has con- higher over a two-week period. (Rife any Jensiings Snishey wirwivA A tof a Sin. » 45 jock for cary a " quered its mold bugaboo. cause of waste. Ultraviolet lamps keep the| Cooler weather and heartier ap-/cents higher. Bull prices split, Ir £ the "G . hy 3 Jo rpm nger; > air grem-free, preventing mold treat t1 eet ; petites, especially in the East gausage bulls selling at prices 50 t 8 Golden Throat tone system and many more. on walls and ceilings. atment lasts a week, improves were blamed for the swelling de- cents higher and beef bulls drop- AC operation.

nd steamy windows Visibility of window displays in/mand.” Although wholesalers ex- ping the same t. Cow a . Fogged t PIAYR In| rienced diMcully several weeks |b ag remained Tons Never a better picture! Never a lower price!

. are a thing of the past. Clearsite bad weather. Hotels ought to use . i Laboratories, Inc., Pittsburgh, has/it on bathroom ia which| “8° in refilling shelves of swiftly] Vealer prices rose $2 to $2.50 . “The RCA Victor Television Owner Contract, covering complete : a solution to be applied to win- usually steam from wash bow] MOVIng meats, they reported by Thursday, nut lost $1 Friday. installation and guaranteed performance for a full year, is avail dow glass with a squeegee. One vapors. (heavier stockyard's receipts were Native spring lamb prices re- able for a reasonable fee. ; {pushing supply up to demand. |mained barely steady. : vi : on Y ; 5 i —

Straws A new non-refillable fountain pen is being peddied in| Swine receipts reached 56,100] Comparative estimates of supIndianapolis at 25 cents. You use it until it runs dry, for the week, the highest in nearly Ply last week and exact receipts § -— .f, then throw it away. Most refills cost more than the entire new pen . .. three years, sending prices plung-|'he week before were: Hogs, 56.- E A S Y I E R MS A Vv A | LA B L E Rudolph Block loves baseball. He sat in a ‘barber shop recently ing $1 to $2.50 for several days 100 and 32,659; cattle, 7800 and : with a portable radio in his lap listening to a game . .', General has carly in the week, but they soon 5932; calves, 2650 and 2095, and a new all-rib tire designed especially for truck front wheels and trail- recovered. sheep, 6325 and 5217,

ers. It won't cup or wear irreg-; iy tabled canto; Prices on preferred choice rhe- , " <: 8 | uy New York Central Rat. Tiinois et "and 2. ne rw SIM vuignty Sronved Xi A & : " ; j i Whe e AYR BJ FURNITURE (0. LULL) appuance co. | 1] 3360 N. Winois St. . ~~ TA-1880 53:55 W. 34th St. Co. WA0938: | ~~ ~~ OPEN EVERY EVENING UNTIL 9

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road has issued a timetable for) OWEN oe week, while other weights also A. 4521 : “its fast freight covering 11,000 > ats all prosperous hrought lower prices. A high of arest 1 . miles. It is pocketsize and redds farmer near Noblesville, who runs $23 a hundred pounds was - . like.a .passenger schedule, . . .a ranch in Texas, raisés cattle, '*ached. but prices dropped back

Revere Ware (copper bottom), drills for oil (and finds it) taught '© $21.50 In closing trade. descendant from Paul Revere's his son John Jr. the ins and outs Beat. steers brought $32 hs av: silversmith shop, is bringing out of the Texas social code recently.)

A eopper-bottomed drip coffee Mr. Owen heard his son ask a maker at $10.50. _ {man if he was from Chicago. Of the ' ‘break-even

“You never do that, son,” sald the - father, “If a man's. from Texas he'll tell you without askAnd if he's from anywhere