Indianapolis Times, Indianapolis, Marion County, 20 November 1949 — Page 35
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“blow it up or let the aiz out. Z" Good or bad times are
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The Predicters
In this they will not be ‘alone. |
Everybody has a prediction and
now and the day we hang up a new calendar on the kitchen wall, Something they pro will have forgotten are John W. Snyder's words last ‘week. The Secretary of the Treasury, a banker himself, virtually tossed govern-
Debt and Taxes business and wage
. Since taxes represent unproductive spending, the chunk they
Rake out of the national income UP With rising living costs, but Thakes no jobs, except for those this country always likes the ride Xho go-on the goverame nt pay-ZP that wha
Taxes sdaampen incentive, milk
Business men will see through that n & minute, And they will see tha * it has more holes fn it than a Swiss cheese. > : . Government deficits mean only one thing; a bigger debt. And a geet means only one thing, higher taxes. The debt has to be and earners have to pay it.
wound ‘the economy, We move on our emotions. profits, When the ball gets rolling we go
his words: “A stable and expanding econSl icing n determining for any given period whether the fedetal budget should be should show a surplus, or show a deficit.”
fon payrolls as workers try to keep
usually 1
Cle.
up has to come down. .
sand sap the worker's pay check. (to town, talk it up, buy like mad. *That's why the forecasters had Then someone drops a touch of better listen carefully to John doubt into the picture, and we
two-story buildings renting from $82.50 to $97.50 with service.
Hogs Plmge [Stocks Reach
To 41-Month Low
Heaviest Receipts
In Six Years Smothered by heaviest weekly receivts in six years, hog prices last week plunged to a 41-month low. 3 An estimated 60,650 porkers! poured into the Indianapolis Stockyards to shrink quotations 50 cents a hundred pounds below the fis OPA ceiling lifted Oct. 15, 1048,
By ELMER CO. WALZER United Press Financisl Editor NEW YORK, Nov. 19-—S8tocks rose to new highs in the general average since Nov. 1, 1948 during the past week, and the industrial and utility averages were lifted to three-year highs. Trading increased to the third largest week of the year as the list moved ahead under highest grade leadership. On Monday and Tuesday the list rounded out a technical correction that had been
hte
New Highs:
Business Outlook Brighter
mated U. 8, production at more than six million units, Steel mill operations spurted to 54 per cent of capacity, a rise of 157 per cent over the previous week. Iron Age predicted an early return to full capacity operations for the industry. fe p Coal production showed a rise of 165 per cent on the week. Carloadings rose as coal mining was resumed. Electricity output held around the previous week's total and was 2 per cent under a year ago.
W. Snyder before they put their button up, run the other way.
«own mental yardstick on 1950,
Most forecasters will see 1050 or not he is his own best business
sWwritten in rose-colored neon. There ‘may be a little inflation,
higher prices and & stronger tug'little man who runs the show.
You may be walking around with a x fortune under your feet without know--ing it. And it won't be gold, or ofl. But it might be uranium. There's a nation-wide uranium hunt on. Most of the stuff for Canada which lsn’t so far, or the Belgian of the globe.
“Thar’s Uranium
~#tomic energy Congo around "= But there’s probably uranium Jrere in the United States. In fact there seems to be & little of the
from n the other side
walks: “You can hear it sputter excitedly When (and if) you cross & uranium vein.
Wasson’s not only will have the
# Prospector” on sale ($45) but it will have blocks of uranium ore 2nd chunks of pure uranium so
you can hear the SPyospector”)
purr, instruct uranium hunters, SAL HS supe It isn’t often that the rub in the coal contracts Willing comes to light. It isn't
number, of holidays, or the hourly rate: . It is wrapped up in three simple words, “willing and ready.” It is these three words which give John L. Lewis a strangle “hold on most of the country’s industry, Sure there is a no-strike
a dent, 50 why give It to one union’ boss? 2
wx -
clause mean so long as the “ready and willing” idea stays in. A miner may be anything but “willing.” And his will is determined by Mr, Lewis, The mine Maestro may be willing to work * days a week, or five days, or res days, or no days, w=It is easy to see where that Puts the nation’s coal supply. It puts John L.'s experienced hand on the production spigot. He can turn it on or off, as he pleases. And that-is too much power for Ahy one man to have, We don’t
Whether old John Q. knows ft
prophet. He can make prosperity or break it, as he feels. He's the
This is not a toy, but it is not,
The United States government if aterm $10,000 tor certain disCoVeries of uranium deposits, so the little two-pound “Prospector” might pay off, who knows? The Kelley-Koett Manufacturing. Co. of Covington, Ky. will have Harry Bryant, well-known
Btve that much rope to a PresiStraws
plant. “Monument Engineering deals with management . problems on ‘engineering, development and «model .building. A group of young ~specialists, the firm staff designs .products, tests models, designs .production tools and ‘machinery.
w
Ind. farmer has been elected for
factory in Ft. Wayne. The new plant will be under the supervilory eye of Robert Reich, former group leader in the Indianapolis plant. Ernie Stalling will head sales out of the Ft. Wayne
you. ; The Monument Engineering Co. is opening 8 second |
physicist on the job for two days. And Edward Cohn, assistant general manager, will help him
pensions especially, or the #
Behind these three words lies the solid unity of the mine operators. They are out to knock this provision right out of the mine contract. And our hunch is that since it has been abused, and since it circumvents the TaftHartley Act, that sooner or later the operators are going to win their point, get it out of the contract. :
That's what the fuss Is about. That's the key to the deadlock. Don't let the other things fool
tional dangerous. And who knows, you! record. Simay turn up 8 uranium bed right {under your feet.
Wholesale ‘and retail prices showed some weakness, but full pressure of last week's stockyard action.is not to be felt until the middle of this week. The $1.50 to $2.50 drop over the previous week sét the top at $15.75, lowest since the $14.85 OPA ceiling was lifted June 30, 1946. Receipts were lowest since 63,860 were brought to market during the week ending Nov. 18, 1043.
The pri
stockyards, since these were the best available,
1949 Construction
Breaks Records WASHINGTON, Nov, 19 <The;
‘lauto shares,
going on for more than a week. It turned up on Wednesday and rose in the remaining full sessions. On Friday it negotiated a formidable hurdle set three years ago and the industrial average crossed; over into new high ground since! Aug. 26. Trade Outlook Brighter Business furnished the reasons for the upturn. Investors saw! good business ahead, sustaining dividends, and bought stoc.s on their high yield basis. Some shorts covered, but others put new short lines out in selected stocks so that the total short position on Nov. 15 was little changed from the 17-year high set on Oct. 14. Strikers were back to work in the major industries and production was being stepped up.
Crude ofl production rose 1 per cent but was 8 per cent under year. Heavy construction almost doubled the previous week and was far above the level of a yearsago. This type of building shows a rise of 17 per cent for the year to date compared with last year. : . 3 N. Side Realtors
Report 53 Sales
) Side announced the of '43 houses, five lots, four ment buildings and a farm, {in Central Indiana.
1
ed
The Federal Reserve Board Bruce estimated a potential auto mar-| 5515 NP canola hogs ket for 20 million news cars andy, on’ Blvd. 6933 and
this sent auto issues up sharply, Ok several to new highs. Clarendon Rd. 339 Popl Machine tool Issues rose On igagy N Chester St. 7760 College outlook for a rise in ‘that busi-{ sve 519 E. 59th St and 5245 ness. Chemicals made new highs A
ve. on sharp gains on anticipation Fleber & Rell! : i y handled the of ae earnings and liberal). le of four buildings totaling 55 dividends. . t d auto partments at southwest Auto equipment, wg corner of North and New Jersey finadcing issues rose with theige, whe four include the ArlingOil issues rolled... ~,\ ington Annex, Marian [and ‘Marian Annex,
Lane, 911 E. 44th
? 2gik
smartly when colder wegther
week. ; 8t., 537-543 Patterson Bt,
Over the nation 100,000 new houses were started in October as
” 11306" E. 11th St, and a group of Steel Issues Up | . ; issues gained smallllots oni the northeast corner of
Steel E. Washington St. at Burbank
builders and home buyers put on/amounts and made their best their final push to beat the first showing late in the week. Amerifreeze, and get under roof before/can powers issues sparked the
{Rd. The company also participat-
|ed in a cross-sale with Gerdenich {Realty Co. at 3131 Graceland
winter sets in and cement won't set.
In the first 10 months, 843,000 new houses were started over the nation, 28,300 above the same period for last year. There was a substantial rise in rental-type two-family and mul-tiple-family dwellings. By the end of July there was a total of 128,900 rental dwellings started, 20,
86 “In utility shares. Building issues moved up on prospects for a big year in building in 1950.
|Ave, } American Esiates Co, anRails were bid up but their ad- [Pounced sales at 4445 N. Pennvance was small compared with Sylvania St, 6199 Spring Mill Rd., the industrial and the group held | 870-872 Middle Drive, Woodruff Tell Don The Ars ah Place and 2010 E. St. Clair St.
Industrial production swiftly! John Max Realty Co. sold returned to normal after coal aid houses at 2640 E. 40th St, 4352 steel strikes had cut it down for Winthrop Ave. 6000 Estate Ave. more than a month. and 4823 Broadway. Automobile production rose a Other sales were:
100 above last year, or a 19 per cent increase, the U. 8. Depart- small amount ofl ‘the week, and
ment of Labor reported. Ward's Automotive Reports esti-
special] J PHARES L. WHITE, Oxford, #4
‘his second three-year term to the| ©
‘board of the Farm Credit Admin-| &&
istration in Louisville, : ZT VICTOR EMANUEL, AVOD
Bger of the New Idea divisions ‘which makes farm machinery. . “INDIANAPOLIS HOTELS just Wound up Hotel Week with the Jevelation that they are
teetering 2n the break-even point of 81 per|
t occupancy, on the bottom of A list of 10 major cities,
:Set March Meeting The Caravan Sales Congress of “the Indiana State Association of
Life Underwriters here Mar. 31.
Hastings Smith, head of the Indianapolis office of New Eng-
,and congress committee man, sald attendance is -to exceed 1000. The “held last April in «Club, 2 ho
ta ai
will. appear| |
land Mutual Life Insurance Co.fchair-
a
new down" feature, stresses
Hudson Pacemaker tomorrow. It will
Bong
Hudson Invades Lower-Priced
acemaker will invade the lower-p
Field With Pacemaker
i Bi
he
“a
{' Gregory & Appel, 4727 N. Cap|itol Ave, 625 Middle Drive, Woodruff Place, a lot in the 800 block of N. New Jersey Bt; Edgar E. Brodbeck, 5436 Carrollton Ave. and 2221 Park Aves; A. H, M. Graves, Inc, a lot in Virginia addition on College Ave. near N 68th St, and a house at 5844 Brouse St. W. L. Bridges & Bon, a lot on the Sylvan estate on E. 65th St, near Dover Rd., and a house at 6404 Evanston Ave.; Alfred Campbell, 3134-3136 Park Ave.
3 land 3162 Central Ave.
eye-appeal and performance and body and frame are Integrated. The Pi ker will boast about
\ of 201% “in deslers’ sho
Russell Fortune Jr. 40 E. 45th St. and 5616 Central Ave.; Thomas Carson, a lot in the Blue Ridge addition on Buckingham Rd.; Gerdenich Realty Co., a
house at 5360 Kenwood Ave.; Kel-
ler Realty Co, a farm at U, 8. 31 and Ind. 431. R. E. Peckham, houses at 13091311 E, Vermont 8St., 225-227 Ful-
® ton St. 226 Davidson St. and a
house in the Charla Mac Village Woods Realty Co. 4028 N, Tem-
L" Iple Ave.
Driscoll Realty Co., 4651 Rockwood Ave; Fred T. Hill, 5844
Brouse St; F. M. Knight Realty Co., 1718 brandt St, and Ford Woods Co. 1332 Burdsall Pkwy.
oh Ind. 29 near Acton Rd.; Ford
; Windsor Village, 21st St. and Ave. (6000 sas), 10 milkon) house nd lof pr in the City In @ City. Jide Wed siacted Jui 1047, wi be. Rrshad sors tone To Bult by Loe arotae and lot pt B. Lippmann, brothers, it contains 425 individual houses, 180 doubles [ranch rented at $77.50 and 180 apartments in five
70 cent s pn Ruan oF & shoring conter oF 30 ils with 300-cor parking is underway. Hook's Drugs will have the corner at 2ist and Adlington, shila Ada ‘pie 2 Viens 5. Wallon
Corn Leads Gain In Grain Futures
United Press Financial Writer CHICAGO, Nov. 19 — Grain futures took a turn for the better on the Board of Trade late this week as exports of U, 8. grains to mount. orn futures led the upturn with December corn selling at a peak yesterday of $122% a pe I, the highest price since
ee ats, Yau buying i sales to Norway and France and there was some interest in wheat on talk that export sales were being negoti-
It ‘was reported Friday that France bought 2 million bushels of A B. corn for December ship-
Norway was sald to be in the market for 360,000 bushels of
corn on top of purchases this week of 480,000 bushels. : No Orders Received The Commodity Credit Corp.
rather other grains.
down presaged eduction in. thé vast - V-{Storage “of fuel off. — They had. The. Spann lol} been depressed earlier in the|hOuSes at 2265-2257 N. New Jeri
was inactive here as a buyer of
SWEATER
In an interview in New
>»
starts this month and next will put 1949 ahead of "25. Undoubtedly, favorable weather has been an influence in the show. ing: this year. Far more fundatmental: Contractors have no doubt about their ability to sell or rent new structures. They're not disturbed by recurrent reports that the new-home market is saturated, dwellings are begging for buyers, and a speculative collapse is due any day. Finally, heavy construction continues at a high level. Engineer
construction contracts , through Nov. 17 are 17 per cent ahead of last year. Not only that, ‘but after a lull during October, awards shot up again. True, many corporations are completing pro-
per cent ahead of last year. Waterworks, sewerage, irrigation, Streets and roads, and public buildings are still far from “washed up.” Not all the forecasters will be
Housing, Public Works ”
1925, when | dwelling units were started, New homes started in October totaled total to 843,100 units, or 28,300 ahead of.1948. An a
ing News-Record reports that)
grams of plant expansion. But, state. and municipal contractsiplants, machinery, awarded so far this year are 25.
as hopeful as Mr. Fraser. Mr.
1950 vs. 1
business, not the government's business. You quickly discover that by glancing through the state-of-the-
Hoover.
- SHIRTS
Beautifully - laundered and finished,
15%
es on ws “p SUIT \J DRESS saity drvdoand ond red Nothin, ov te ry w - e Got mr ht | suits? Frashes "w j : 0 styl 1g — :
! 9909 0 nowt
g
o
AFT
8»
Rory and Kiva
In housing, no demand is
of
Frazer's a salesman, first, last, and nearly always, and man can't afford to be
ih
It, ’
depression conscious. Indeed, the on the President to report to the nation on the outlook for
union messages of Presidents Wil-| business: Can the
ment and to propose remedies to maintain stability. In the "20s, such a notion would have been alien. Economic stability was private
must reckon with a new factor in determining the direction of
A)
son, Harding, Coolidge, and] stave off a depression? Or will
a
Come 10 Davis” penny-cleaning arcadel For one week only you con clean up oll your skirts, slacks, ond | sweaters—for just one red cent! For examplewyou con have
ol
mans on wovs |
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