Indianapolis Times, Indianapolis, Marion County, 4 December 1949 — Page 50
fed A SARE ie, Sl Stl Te oe TRE ty Sh
siness Rise Shows |
awis” Power Waning | d to Oil Leaves Mine Chief 1% With Less Influence on Economy
: , By J. A. LIVINGSTON JOHN L. LEWIS still retains a grip on the business outlook. By ordering the miners back to the pits for three days a week, t to.call, he has granted the economy!
2 by-my-leave am; 3 are pot too happy. His strategy So. now steel production, nas cost them almost a third of: which depends on coal and» Jeara Work eg days. a 1 A 1 rr Lewis’ command, . the coke as basic raw materials, iors struck for 10 working and automobile production, which (days against the appointment of depends on steel, will be able to James Boyd as chief of the Bu-| run along on schedule through reau of Mines. They took a five-| Decegnber and perhaps January./day “vacation” in June to reduce After that, a squeeze will develop. cos! stocks. They were on a no-| That, presumably, Is what Mr contract-no-work strike for 37| Lewis is banking on to improve working days. And they gave up his bargaining position. 123 days because of short weeks. Mr. Lewis’ grip on business isn't Result: They face a Christmas quite so firm as it used to be. on credit. Yet the United Mine According to reports from the Workers Union still'hasn’t a con-
‘bituminous coal areas, the miners tract, f Wh ? As usual, Lewis was mysterious and dramatie, He per-| Y mitted the miners to quit work on Thursday, Dec. 1, as scheduled. Then, when the nation was resigned to another strike, he ordered them to work. Outwardly, he had demonstrated his power. The men would obey him. What motivated Lewis is ‘anybody's guess, but two reasonable
ayrmises are possible; | when the mines are operating ONE: Thesmembers were res- | 4 60 per cent of capacity. tive, Christmas Is no time for | The economics of Mr. Lewis’ men With fainilles io be wt " [latest strategem is this: Coal con Jobs. s despi 8 ShOW | sumption, at this time of defiance, had to yield to imption, at this time of the year, household economics. TWO: Mr. Lewis ducked the threat of a Taft-Hartley Act « (Mr. Lewis can't forget $2 million of fines In ‘Judge ¢ Goldsborough’s court.) Obviously, President Truman cannot declare an emergency
"Oil, Gas vs. Coa
Recall of
|day week, will amount to 30 mil-| |llon tons. Bo, he'll exhaust the {nation's stockpile, now estimated at 30 million tons, in three {months, But clearly some indus-
long before March, .
The unseasonably warm weather Lewis gave the
ordering short weeks and walkouts, was doing-—in part—what mine This operators would have had to do anyway, by layoffs, He spread the Thursday after idleness among all the miners instead of permitting some low-cost
mines to keep going while high-| — =~ : . : cost miries closed. in big cities like New York, Phila
delphia, Chie , th t p> However, Mr. Lewis’ stop-and- p ; 840, 118 sys'ema can
take oil when coal runs short. £0 strategy has hurt the coal In=| Ang oil now surpasses coal as a dustry over the short and long gource of energy in the U. B. In] run. It's a common quip thatiye3g coal provided 53 per cent of Lewis is the best salesman the oll
companies ever had. He's so un-
road shares. mated that would rise from
petroleum and natural gas 47 per cent; today the positions are reversed: Coal 41 per cent, petrol. eum B59 per cent, That's a sensational change in one decade. |
Before the war, few electric ages utility systems had plants which _ ould use either coal or oll. Today,
make week's total t Even Railroads coal even more uncompetitive. * He in- distance Mg sists on a cut in the work day from eight to seven hours. Since year, about an hour and 15 minutes of the miner's day is spent in travel, Depressed by actual producing time in the mine would be reduced from six | hours to five ind three-fourths hours, or about 15 1 |
Mr. Lewis
wants the Lewis’ impotence is the state of Selling but it was able es $14.50 to|the economy. “The country had a/lt very ‘well, trade experts said. boost in the welfare readjustment in the early months Trading quieted on reactions ; supposedly from 20 to 35/0f 1949, but managed to weather downward and this encouraged ton. At no time in the!strikes in steel, coal, and at Ford. the bullishly inclined. however, has Mr./And now business is moving up . A sustaining factor early in the presented the coal oper./again. That's the paradox. If week was a horde of dividend informal statement of Mr. Lewis’ policies strangle the creases and extras, These helped) “his economy, he faces a federal their individual stocks. Sa whereas |CTackdown. If they don't, hel, is 1 . hgh |doesn’t exert the leverage“neces- ing some opposition the walkouts short weeks sary to get what he wants, have not hurt the U, 8. as a . . whole, they have impaired the At th H I market. Some of these specials. earning pes os the Kalirvqts, ve. a 20th Century the utility preferred issues were Industrial Realtors. coal; So far in 1949, railroad reaches the half-way mark be > sharmiy t Bet earloadings are down 16 per | at the end of this month, rade Sentiment Better cent. Coal loadings, down 31 Mr, Livingston will pre- Meantime, the financial comper cont, account for about 40 pare a two-way view, 100k- munity swung into a belief tha ‘por cent of the drop. Right ing forward and backward labor peace was here apd that |, now, carloadings are. running in the nation’s economy. ° the last major disturbances was abowt, 18} cont: below : last 2 over. They bought more readily, th about, per e Watch for his review-pre- and shorts covered commitment year. The irony Is that evem | view in the year-end. edl- |io est acs. ment in the raliroads are going to oll— Hon obs 0 establish tax losses, dieselizing. - . Busitess sentimgnt improved 2 : and the weekly operations made Most powerful evidence of Mr. The Sunday Times a good showing, especially steel. t " WL : Steel operations rose to 87.7 per cent of rated capacity and the , 6-Room House Sold for $11,000 steel mills turned out 1,616,000 x 2 Re ¥ LAE RE
Hogs
#h 4 $F
| tons of steel,
with 76,026 units
“(Start Judging Prize Home
[is likely to runigo 40 million tons | 3 1 { per month. Production, on a three- | | S 0C [ices Buying Inspired in Railroad Shares tries and areas will feel the pinch) By ELMER C. WALZER
United Press Financial Editor { NEW YORK, Dec. 3—-John L. cream
this year hurt Mr. Lewis. Coai/lift this week when he recalled
consumption in 1940 is 9 per cent below last year, Mr, Lewis, by his miners to a three-day week. lor pink lead the color parade into
action which came on (he bathroom. Greens and darker
Wall railroad
a short mine week,
he rails reached new highs, 2" since February and carried other! . the U. 8, power (excluding water) sections of the market up with Frozen Pipes them, Industrial and utility aver-| reached their. best levels! since Aug; 26, 1046.
west Inet tons of steel ingots and cast-
In the previous week, the rate - {was 782 per cent and the outiput 1,441,600 net tons. {ago when the mills were at 100.1 | per cent they produced 1,804,300
{ Auto output was estimated by [Ward's Automotive Reports at —471,021-cars-and trucks, compared
week and with 125170 in the cor-|
s competition for the Model Home of 1950.
Miners On Sundays
(Continued from Page 49)
| soms. The
toward highly colored
to smaller scenic designs.
stock market a cream for living rooms.
a general mine plues top the dark shade list.
here on despite fay the interior decorators
ground and exposed pipe troub
Transactions on Friday crossed | this winter. {the 2 million share mark for the {first time this year and lifted the|frezen.pipe” deal on the market.
within touching| The “unit prevents freezing
"THE INDIANAPOLIS Show Designs
Verne K. Reeder, left, chairman of the Home Show Committee, Charles Home Show chairman, and Albert Thompson, committee member, begin the judging of |7 entries in the architect’
Looking at Homes
blossoms, and more cherry blos: trend In wallpaper {s/ scenes| through floral and striped down]
Pastel green and peaches-and-are strictly peaches-and-|
Wood panelings are also popu- sold pork
CHICAGO FIRM has the answer to the homeowners under-
les
The Gro-Quick Co. has a “no
or
of the best level for the bursting this way: Wrap the pipe
{with cable, insulation and water-
Tax Selling
tric outlet in the house. 10 ‘absorb, The cable is linked to t
side dips to 35 below.
Short Takes '
Brokers, , . .
. Jack C. Carr received aw:
Chicago also,
| proofing. Adjacent to the pipe atEarlier in the week t {tach a thermostat automatic conhad been depressed A 3he market trol. This is plugged into an elec-
he | thermostat and this turns on cur- ham prices level.
Mary Binford, secretary of the {TREB, has received a certificate While the main list was meet- denoting completion .of a three-: traders year course in Real Estate Board’ turned their attention to issues Administration from the Univerwhich they believed behind the sity of Illinois extension division. + « George A. Kuhn was elected pest grades of hogs sold Frida registered wide gains. Some of a vice president of the Society of at
civic activities. . . . L. H. Lewis of compared to 36,427 the board's Downtown Commit- shortened previous week. ! tee accepted the honor at the ae ; NAREB convention in Chicago.
rd
of merit for his company's display at the brokers’ exposition at
YOUR CABINETS BUILT
to suit your needs
Jamestown White Steel Kitchen ecabinets built and in stalled exactly a» you want them Phone for estimate
A year
in the previous|§ 4 g arrrLiancEs
VEOS WALL TILE
4 i 317 §. STATE SI. Listed at $11,000, this comparatively new six-room, thre “bedroom frame bungalow Was sold recently. by Jack C. Carr Co.
The home:is {ocated on N. Emerson Ave. :
Now ‘Heating Fixtures Available jn Colors
lare available in colors to harmon{ze with almost any shade scheme n (in the basement recreation room.
ALLO
arcing,
WTR Lv, we we v
—————————————— 2141 N. ILLINOIS
eo : O%en Evenings by Appointment
AUTOMATIC OIL IN-A-FLOOR.
Years in Automatie Heating
{
{responding week of last year. RUBBER FLOORS * - 'p TILE AND FL SIENER LUMBER C0. RAUP Eker co. i : * oo 0 145 N. PENN. MA-2408 PHILCO-—BENDIX—SUNBEAM > . APPLIANCES ARMSTRONG'S
Al 1428
FURNACES
LINOLEUM
+4 You can brighten up that gray RUBBER ASPHALY {heating unit in the basement to- Phone Now For Free Survey ay and hot water boilers : 29¢.. 4c... Tc up oO ’ land warm air furnace enclosures Bob Kanze Co. he nut hy Tie he. TLE
8 N. Delaware H1-7553 R1-0009
ASPHALT TILE
JORDAN BROS.
833 W, Wash, 80 LI-4865
11 sPivey Bros.
ee | SunVERT
. FORD
or AB 0
As
om Ey
Lrg
| { | | |
|
| | |
Wagner, center,
Drop Continues
{tb a boll in Indianapolis
To Lift Rent Controls Here
New Resolution To Give Issue A Public Airing
The rent control pot’ is coming
Pressures are rising to blow the lid off. wartime controls and let rents find their normal levels based on supply and demand. Tomorrow night Councilman | Don Jameson will introduce a resolution which will give rent! controls a public airing to find out whether there is need to keep | the brakes on. {
| No one knows exactly how Psi Phi fraterni | many houses there are for rent| the dwelling in |
or sale in the city, but the Public
Pressure on "em 2
oT
Sold . . . This fwosiory brick residence was purchased ; ty rom the Missionary Bands of the World. Sale of 511 Park Ave. was handled by Studebaker Realty Co. a by lve : a
HBusing Committee appointed by, the Mayor is trying to find out. ea im Its goal, however, is testing the §
line on public housing, not rent controls. Still A Shortage
Mayor. Al Feeney says he has nothing to do with the removal | of controls but in his character-| istic outspoken manner he said | he believes there is plenty of evi- | dence to support the belief that]
Lists
Geo
3 Sales
rge Studebaker
Reports Transactions
Sales of 30 homes in recent|
SUNDAY, DEC. 1, 149° ys Brick Residence = -
*
by Xi
Realtors Report North Side Sales’
Twenty-two transactions were | reported yesterday: by the Asso- | ciated North Side Realtors. The sales covered deals [two week period ending | Monday. Three lots, 17 houses and 29
in a last
there still is a& rental -housing Weeks were reported yesterday bY scres of farmland were sold by
shortage.
If Councilman Jameson's resolution should pass, a public hear-|
the Studebaker Realty Co. 1630] aeq0ciation members with
Shelby 8
t.
the Bruce Savage Co. most active
George 8S. Studebaker, owner of | with five homes sold.
The Savage properties were
. . “ing would be held in the Council the firm, listed the transactions) Nn or [ICES chamber. Then a petition asking as follows: | listed at 6107 Norwaldo Ave. 4438 the Governor to lift housing con-| 1822 Orleans St., Mr.'and Mrs.| Broadway, 5953 Indianola, 744 W.
Retail Cost Down
To Pre-War Levels By MARION CRANEY “Pork prices are down again.
yellows and aqua blue, while white ing in the stockyards two weeks |
sales 10 per cent more, down“to
walkout, inspired buying in rail-|lar as part of wall coverings in| pre-war levels, Street esti- the higher-priced homes, Combed
Tired of complaints of budget-
prices, the forner butcher gladly hops for 59 and 60 ‘cents a pound, a six to seven-cént, drop below prices of a week ago.! | The lowest over -the - counter {pork prices in nearly ten years, was laid to the drop of hog quotations two weeks ago to a 41month low. Wholesalers bought the chewper porkers, then sold them to butchers at'lower prices.
_ Expect Further Dip Butchers believed prices on pork and pork products will drop even lower next week, but stronger! consumer demand would prevetit any serious decline. | Purchases of Christmas hams by industries for employees held A continued
{wholesale and retail prices unchanged. | i The pork drop pulled bacon] |prices slightly lower in packing] houBes and meat counters, Some grocers pointed to competition as another cause,
Hogs Bring $16 Top In the Indianapolis Stockyards,
prices $1 to. $1.25 lower than|
{Whelden was renamed to the was $16 per hundredweight. Sow Chicago {board of directors of the Ameri ps Sow mond, E. 8
can Institute of Real Estate Ap-
prices had dropped.
creased. And since their new fac{tory workers stayed in the viecinity, the housing shortage never Y quite subsided. l Such areas are to be found in 8nd Mrs. «+» George T. the previous week. The top price the Lake County cities of Ham- C- Edward Sexson; 1041 King, | , and Gary, and Mrs. Fredrick Wisher to Rob-|
| Evansville, South ert Borgmann; 825 Prospect, Mr.
necessary.
trols shows that
Mr. and Mrs, Carl
Indianapolis, Fisher to Mr. and Mrs. Leo King;
rated as a congested industriali1g N. Euclid, Mr. and Mrs. James area, can hardly qualify for the Sykes to Mr. and Mrs. Dow Sykes;
Leveling Off Shortage
The steady move-up of rents Park Ave, Missionary Bands of, ago, last week dropped retafl plus the rate of building, now the World to Xi Psi Phi Fra-
) {lifting of controls now. In a year 371) §. Sherman Dr, Mr. and A chain-reaction price decline or so, perhaps yes, but not NOW. Mrs. Francis Gibbs to Mr. and
Bedrooms shine brilliantly with in pork and pork products, starg-|
Mrs. Delmar Vanderhoff; 1511 N.
[trols in Indianapolis would be Walter A. Derringer to Mr. and 43d St. and 3553 Caroline. Mrs. Edward Bunch; 1323 E. MinBut the experience in rent con- nesota St.,
Twenty acres of farmland in Franklin Twp., homes at 3523 Balsam Ave. and 1017 E, Northview Ave. were listed as Spann 'Co., Inc, transactions. The Northview property was sold ig a combination deal with the F, M. Knight- Realty firm. Other sales were 74 acres lo-
about 5000 dwelling units a year, ternity; 1214-16 Beecher, Oliver cated 1%, miles west of Ind. 29 is fast leveling off the housing Polston to Mr. and Mrs. William| bY F. M. Knight; 6124 Winthrop
shortage, although landlords will tell you in fire-sparking words|
earnings plywood is the popular selection, conscious housewives about high that rents are still far too low,
which means they could get much more if they could ‘get free from the controls. Over the state there are se deétontrolled areas and not one
has seen a sudden upward rush Bunnell to Anderson;
and Mrs.
of rents. Among the towns in which rents have been decontrolled are W a b a s h, Marion, Frankfort, Franklin and Martinsville. And pending are Richmond and Bloomington. In only one instance has decontrol been denied by the Governor’s office. That was West Lafayette. The reason the Governor rejected this appeal was that the city of Lafayette had not requested decontrol, wanted to protect some Purdue students who might be-
{rent when the thermometer out- light ‘supply of live beef left come victims of higher rents in
West Lafayette. When Lafayette says it is ready for decontrol,
along.
8 war when factory employment in-
Ft. Wayne,
I. Tapp.
1026 High St. Henry Haller to Claude Dennis; 1629 Comer Ave. Mr, and Mrs. Burns Crabtree to
veral ‘MT. and Mrs. Arlie Raney; 1330
Mr. Mr.
and Mrs. and Mrs.
Ave. Gregory & Appel, Inc.; 6861 Washington Blvd, Charles C. Binkley; lot 601 in the Warfleigh Addition, 6100 block N. Meridian St., Fay C, Cash. Other transactions
Spann Ave. Mr. and Mrs. Fred 3131 Graceland Ave., Gerdenich
Mr, and Mrs. John E.
1226 Hoyt Ave, Mr. Walter Chandler to Realty Co.; 705 8S. Auburn St. and
'Mrs. Maude Griggs; 2157 N. Park/1% acres east of Camby, Ind,
Realty Co.; 3930-32 Central Ave. and 4250 Capitol Ave., John Max
Ave., Mrs. Lulu Madden to Mrs. Ford Woods & Co.; two lots in Emily Thornberry; 45 E. Arizona 8200 block N. Meridian 8t, Harry
St, Mr. and Mrs. Walter Israel L. Robbins
Realty . Co.; 3635
to Mr. and Mrs. Charles Berg- Totem Lane, Golden Hill, Russell doll; 1438 Gimber St, Mr, and Fortune Jr.; 5754 Keystone Ave, Mrs. George Mennel to Mr. and Driscoll Realty Co.; 645-47 W,
Mrs.
George
Kocker; 1049 Cot-
30th 8t., Thomas F. Carson Co,
tage Ave, W. H. Marsh to Mrs. and 1027 N. Tuxedo St. Butter Vida Bilderback; 1314-16 E. Ray-| worth & “Teeters.
mond - 8t., Mr, o And he Watson to Mr. and Mrs. Charles to Mi and Mrs, Seth Neusbaum; 15,000 Dickerson; 856 Fletcher Ave. Mrs.|1510 Gi
and Mrs. Robert
ii 0
mber, Mr. and Mrs. George
Hattie Quack to Mr. and Mrs. Helenburg to Mr. and Mrs. Ross E, Charlie Hedrick. 1511 Windermeyer, Mr. and Mrs. and Mrs. Ross E. Hollingsworth Erwin Ribers to Mr. and Mrs.ito Mr. and Mrs. George HelenWest Lafayette will probably go joseph Lohman; 1445 Charles St. |burg; 3755 Murray St. Mr. and Mr. and Mrs; Michael Derleth to Mrs, Carl Canner.to Mr. and Mrs, Congested manufacturing areas yy and Mrs. John Koebbe; 1721/Otis Smith; 2814 S. Meridian St.,
| Hollingsworth; 2301 Hobart, Mr.
welled. populations during the 1,.xwo0d, Mr. and Mrs. Theodore Mr. and Mrs. Frank Dearmin to |Adolay to Mr. and Mrs. Thomas Mr. and Mrs. Jesse B. Tucker, |Worland; 1414 Olive St, Charles and 2234 S. Pennsylvania St. Mr,
Langer to Mr. and Mrs. Robert and Mrs. Walter Bennett to Mrs, Watson; 53 E. McCarty St, Mr. Dora Long and Russell Ferguson.
Ivan . Williams Mr.
Stronger demand for slaughter Bend, Terre Haute, and Indianap-|and Mrs. Will Rippy to Mr. and
t praisers. . , . T. Lorin Driscoll cattle boosted prices slightly. Cow olis. holds a similar post with the Na- prices rose 25 to 50 cents, but fonal Institute of Real Estate pulls brought steady quotations.|state are still under controls, and Mrs. Clifford Devine.
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. _
H Phone TA-4776 WIEGAND'S “Viriiay
IREB was cited by Vealers sold at prices steady to|although rent officials suspect e national association for merit: §1 higher. Hog receipts for the many of them could be decon-|—— —————— the 1949 national contest for week were estimated at 58.625, (trolled if anyone took the trouble]
NOW 15 TIME| “70 PLANT EVERGREENS
POTTED ROSES Some in Bloom Perennials
the holiday- | 0 demand it. :
Peat Moss and Well-Rotted Cow Manure
26th and Kessler Blvd.
NOW ca the TIM
Wa
AT KOQOLVENT
So No NN
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[oN /
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BR 6521 Factory 6544 Winthrop .
Eves. BR. 1245 BR. 4003
Moves Headquarters |
The. Construction
League of
{Indianapolis has moved Into new |headquarters in 1456 N. Delaware {8t, Marshall Abrams is managing 'director.
On Dec. 14-15
smmautan . 14-1 At Indianapolis, Ind.
Herbert 1. Segal, Robert A. Segal, Auction:
MACHINERY, TOOLS, FURNITURE
wi Reel TATE For proms Tea confirmation, absolutely A removal. by_ order of bE) i Se i Bie . Ai
DESIRABLE TOOL ROOM, ON. RESEARCH & EXPERIMENTAL
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. t (543,000 Ba. ft. buiiding sonce. 2) sagarate bulldfing al Bilan 00x 80x with wings, fully sprinkiered-—2 elevators. L A (enancy—present rent income over $15,000.00 from small.
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y Apply to ASSET REALIZATION COMPANY
se sR FEEL nL
ELECTRIC HEATER 54%
\ 2-LITE PING PONG . STORM SASH TABLES
Special purchase of UL approved Electric Heaters. Regular $11.95
it, Do tt : White Pine, 108" thick. or" say: asaty RE rer eal i ie Hon: Tou or es Ve ¥ od purchased separately. $3.86 With % $229 Top Call Us Tor Your Open Sunday Lumber & Hardware tocuiremenl 8:30 asm to | pom,
74 WH) NE and Pott od (0
\RLINGTON 1:
[P.
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1701 E. 38th
FENCE TO STAY—
ay 3 ¥
; LAMPS. rails, LAMP POSTS NO DOWN PAYMENT
VISIT the FINEST DISPLAY of FENCES-~WIRE
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=~ cami s [i | *CANOPHES ‘> a | “DOORWAY COVERING:
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DOLVENT ALUMINUM AWNING (0.
601 N. Penn. St. TT ——" cr ———————
THE HOOSIER WAY
a “Ly A HOOSIER FENCE for for on can buy 100 ft, of 48" lawn fence, 10 red cedar posts and 10 fir. top
There is ‘every need:
8 Call or Write
Call TA. 2434 Fo ————— J
} | Mrs. Bernie White; 966 Elm St., Most of the ‘vounties of the Mr. and Mrs. Vick Falls to Mr.
1217 Calhoun St., Herb Wilson ROOFING pe siping GUTTERING
320 W.
Heavy gauge. Immediate application. Custom work. Easy Terms.
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WASH.
MA. 2255
to|
| WALL TILE = FLOOR COVERINGS WH KITCHEN CABINETS ® One Contract Covdrs All Free Estimates * FHA Terms Open Mon. and Fri. TIN 9 P. M,
NU-WA HOME SUPPLY CO.
Phone RI-5884 WW 236 E. NEW YORK ST..
ERZSR3nE
{ |
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Also New Roofs & Roof Repairing URNACE & ROOFING CO.
818 E 210i
| (Harry Escol, Owner)
20th St, WA. 1048
ep pep —
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{AS LITTLE AS 55 ,;-v.. WILL INSTALL
——
|
OPEN EVERY NIGHT
UNTIL 3 P. M.
Saturday Till 4 P, M,
SEE OUR DISPLAY
included
RE ————
on
Sma
; Exterior - Of Rou
This weel 24’ wide and narrow city two bedroor
sufficient roc large bedroo smaller roor proven very ca in the la ticlarly beca when compa of square 1 living it em tect has des to be of rou zontal" woo front gable look equally of cinder bi ation of ver tal wood sid You ente through a p and on the tice a coat directly ahes kitchen, the leads to the area. This save a good steps each housewife w front and s«¢ cause the ki door directly to the serv kitchen {tsel: usually con counters on sink which under the wi the side ya: room enough bar accommc where the their breakf: The secon chen leads d! form opening and to the st basement, w
under the ent
