Indianapolis Times, Indianapolis, Marion County, 8 January 1950 — Page 38

{Continued From Page 37)

tional Institute of Real Estate secretary, will also skip the na-| Brokers, may miss the meetingstional meeting for future parleys because of ‘goning hearings here/in Chicago and Miami Beach, Fla.,|

Tuesday.

Fall In

selling and building offensive.

National

Builders in Chicago, Feb, 19 to 23. he » 14 Met me Cyt procbburs| S74 he Average may roaed tual construction of house parts'and equipment exhibits will highlight one of the many Stevens and Congress Ho

demonstrations at the parley.

Carl Boester, reséarch expert of) In a special display, national] gi reet saw it was the entry into Purdue University, will head awinners and top entries in theiyy, orice of small traders—the hegting clinic discussing hot air NAHB's National Neighborhood | ¢yne of little fellows who made and water systems, direct and Development Contest will be -ex-|,; big markets of the 1920's. indirect heating by convection,

radiation and radiant heating.

Eight other clinics and round-, table discussions will emphasize delegation is expected’ to join tivity rental more than 10,000 architects, bulld-| construction, ers, relators, mortgage brokersip iy market for the week with a accounting procedure and appraisers from all sections, ,.,ver of 2,550,000 shares, most .'of the country,

public housing Impact, management and taxation,

and problems of smaller builders

Modular Economy

shout, “T have modular co-ordination”?

Stand back-—and listen,

The federal government, through its Housing Agency, is interested in economy.

: ol Tae

usin

| More mid-winter strategy sessions will give local real! stats businessmen basic training for the spring home:

Arm EAT

\ .

4 \ i! re, 5 ¥ ¥ \ oo \ & Ns \ Sey \ \ ; i 5) AL A A i Aantal

| Mary Binford, IREB executive Entry Into Market Of Small Traders

Features Activity

By ELMER C, WALZER Euited Press Finaneind NEW YORK, Jan.

Hater this year. Eg,

since Nov. 6, 1948, - mer.

|| House design, aclling and | Raliroad shares led the upturn

VA and Fanny-May Jroceduntely)e 1949 high. Indus 1 :

tels win utility stocks registered small advances.

be featured also, * The feature of the week as Wall

hibited. None from Marion County have entered this contest. However, a big Marion County

Brokerage offices reported new | accounts increasing, and the mar ket analysts looked for more ac-

The Thursday session set the

Pub fs Sar Ready to Start Anew Ta New Hiohs ~~ Real Po Board Leaders ew To New High S, Attack on Government Measures

Trading Heavy

{ 7—8tocks One of the bigger meetings of the year will outline latest con-ireached new highs since 1948 in struction techniques, improved management and selling methods. the first week of 1950 with volume! “This is thé sixth annual convention and expoitioh of the the largest for a holiday week! Association of Home; ; "

for any day since Nov, 3, 1948, Did you ever see a house flex |the day after the presidential]

its timbers, thump its sidings and |®lection which Wall Street] guessed wrong.

Sales Reach New High

In the first hour of that ses “ sion sales totaled more than 800,-

ind Home Finance

It has a booklet for homebujld-| 2 000 shares, a new high for the ers stressing elimination of waste ‘ [period since May of 1948, in building construction. It's | Ralls were aided by predictions

simple. Both the

plan. -

“Better housing at loweér cost {ean be accomplished) standardization of bullding materials on a uniform basis of measurement, used also by the

through

architect in plan preparation.”

That's the introduction by Ray-|

mond M. Foley, housing administrator, In this

of a series booklet “to be devel-

to width, depth and height. ~—— It was chosen; the book relates; manufacturers to reduce satisfy consumer demand; “TWO: It is small

design and for flexibility in equipment layout;

THREE: It coincides with the lem.”

book and the

straight-lined, | green-fringed, modern-design first

is aldimensions four-inch module, a unit applied building materials already stand-| their own.

the ment with which architects, build- | number of stock sizes and stilliers, masons and carpenters are

ugh for| ample freedom in architectural|centimeters (3.9 inches), the basis{2ction was followed by rising

{of higher income for them in the | new year. { Ralls had been behind the mar-| - thet, said the experts. As they! / irose, the leading Industrials restI ed. Traders turned to other groups which they feit were under-priced | averages. { Among the groups which re{ceived attention went the dugars, dwiiquors, coppers, mercantiles, tex.

a # IN ECL AR eh ri 5 Noteviy, Wotals and.

| section did

a a. great

man

of little more than hold,

Numerous special 1s-|

|ardized and is applicable to pres-' sues were bid up and some of the and draperies above the heating heating provides ent construction practices; — because “it is large enough for!

“FOUR: It is a unit measure- huying.

Bome companies raised divi-

Dividends Pald 10 |dends or declared extras and their

|already familiar; “FIVE: It, approximates

[proposed by metric system coun-| Prices for the stocks involved. [tries working on the same prob-| The market had in its favor {myriad favorable statements on] {1950 outlook by businessmen;

‘Old’ Idea The modular plan does not “necessarily result | favorable predictions on. employ-|

in standardized homes.” “The four-inch module is a unit small enough to permit entire President Truman, and freedom as to layout and type of any building,” the booklet con-| available for investment

in the plan has

Everything - didn't originate In Washington ~~

“cabinets.”

modular co-ordination in 1928.) The idea crystalized with the modular concept by Al-/

four-inch bert ¥., Bemis in his third volume of “Rational Design,” published in 1936. Project A-82 of the American Standards Association in July, 1939, spurred the development. -

Some builders and manufactur-

ers were convinced of the func-| The other items: Your dollars.

“Howard S. Morse Retires As Water Co. Official

~ Began Connection - Here in 1925

Retirement of Howard 8. Morse as executive vice president of the ..Andianapolis Water Company aft-

er nearly a quarter of d century"

of management of the local utility was announced today. Mr. Morse began his tenure as manager on May 20, 1925. Hé was “named vice president and general manager on July 15, 1938, and executive vice president on March 4, 1049, On April 18, 1049, Alfred O. Norris, formerly of Birmingham, Ala, was elected vice president and genersl manager. Mr. Morse will maintain his association with the water company as a member of its board of directors, with offices in 622 Insurance building.

Facilities Expanded “Under his guidance from. 1925

foie 00-1048, the MALY. made great

strides in expanding its facilities to provide the city and environs with a safe and adequate water supply. ! Foremost among the additions were the Geist (Oaklandon) Reservoir on Fall Creek northeast of the city, filled to its T-billion capacity In 1943; building of the Fall Creek purification plant in 1941 and its enlargement in 1948 49; erection of elevated water tanks in” Irvington in 1831 and in Blue Ridge in 1939; completion of the White River rapid filter plant In 1926, and a general increase In pumping capacity, in cluding the West booster pumping station In 1848 and the South booster station In 1949. The utility met the needs of the growiyg community in the more than two decades of his

management with the installation Associated Employers of Indiana,

of 317 miles of water mains, {The distribution system expanded from 549 miles of mains 1925 to 866 miles in 1949, with miles of mains being laid

in recent years outside of the city to ments. Fire hydrants increased

4835 In 1925 to 8350 In 1049. increased from 347.600 in

Customers numbered around

1 -extendi Bnd. 1002 which ® praced

| Co. He |eircles and was presidént ‘of the

| Before coming to Indianapolis, supply housing develop-| Mr, Morse had a long career In| public service, [from Massachu population served by the {gineer with the U. to more than 470000 in| (Irrigation) Service in Montana.| ! { | in 1025 with 20,078 méterithe Commission of tions. Both exceeded the mark in 1949. A meteriza- engineer in charge of sewerage in

every serv.|nicipal

{ment and national income by |

vast sums

| dividend and interest payments] its goal. The idea at the year-end. : —- Sh Th Against the list at this time] {tional value and converted to curb wag the height to which the mar-|

lower cost as

{ Thje HFA, the American Insti- ed to turn up last June,

tute of Architects and the Pro|ducers’ Council, Inc., sponsors of IABA project A-62, out to diiminish your biliding eosts. | Non-standard bi ng material |sizes means piles of broken bricks,

entitied to a technical reaction! at this time but added that if the| small traders came into the buy-| ing the market would net follow orthodox riiles. Business statistics showed gains:

Industry returned to work on|

per cent of capacity, best since last May. Automobile production | rose more than 5000 units. Construction set a new high since December of 1048, 4. Other. industries. improved with, these leaders, except coal mining

ing passenger service sharply.

der the previous week. sale trade also dipped slig {and was slightly under the cor-| responding week of last year.

Howard S. Morse Water usage increased from 'y nearly ‘12 billlon gallons in 1925] to more than 19 billion gallons| Hr 1949 Phis -ioerease wag “gto Be ps tributable both to population! growth and increased «indystrial

activity during and since the War. i In addition to his work with the water company, Mr, Morse as sisted in many community pro jects. He served as a member of the Indiana Flood Control and Water Resources Commission and! of the Indianapolis Post-War {Planning Committee He ‘has

been both national and state officer in the American Water Works | Association and in the American {Soclety ‘of Civil Engineers, | - Among local organizations of which he has been or is a member of the Board of Directors are [Indianapolis Chamber of Com- | merce, Better Business Bureau,

| Indianapolis Convention Bureau,

| Indianapolis’ Community ,Eund, Rotary Club and Fletcher Trust is also active In church

board of trustees of the First

| Has Largest Brakes, Presbyterian Church.

After graduation | 1atio

Technology, he was reésident en-|

| Cincinnati. He served as directorio the body molding. {of the Cincinnati Bureau of Mu-| 1

Bureau of Governmental

combined in one . : ornament, always

BT A EI Ys OE

n JATRe Scale after the holiday.

Money in circulation shrank in certificates increased more than line with custom. Business loans ox per cent in 1949, Resources rose as production was stepped climbed more than $1 million, he u|

: sald Steel production reached 96.1)

ated by door for the buyer, is & [panel switch.

clean during the winter.

"See how white they are” . . . says a housewife. Compact, modern heating systems are decorative, aid in keeping curtains |

ceipts Thursday to wipe out the advance. One of the largest runs

Sheep. Reecipts Larger Receipts of sheep were larger than fast week but sharply higher dressed market inspired broad competition in the live trade. A top of $24.75 a hundred pounds was paid for good to

Streamlined Radiators

Eliminate Grime and Soot

Latest Models Are Slender, Graceful Tubes Cutting Required Space by 60 Per Cent

Streamlined, compact radiators—minus grime and sooty film— $17, paid in a small way Wednes- | Said Sen. George (D. Ga.) chair|day, while the closing high was| man of the Senate Finance |services. Latest modely offer slender, graceful tubes. Required space In'down to $16.50. |

various are adding beauty to today's homes.

in relation to the rooms is cut 60 per cent, but heat output remains the same.

Convectdr-type heating units also are replacing old-fashioned

bulky radiators,

Tucked snugly under windows, ~ reflect

tiles. building shares, airlines and trend toward styling of tiles. hullding share ®

convector-radiators

418 ALPE

hou ry

the

equip-

aro The nh OR BRIER Fo (BEE LE a Le. Conventional Exdixiar,

The design permits curtains

& as —————————

lining abolishes nooks and cran-

nies which conceal dirt and lint. TRAN ADEA AF DAR GS NREROT IK IR

Se >

UH KID

| Heat distributjon is even.from ‘floor to ceiling.

~|preferred shares met Investment units to remain cleaner longer. at a low. level, assuring maximum ing, prices all

Air is drawn into the unit at comfort with fuel economy.

floor level, heated as {it rises

Experienced heating contractors

through the unit and discharged will advise if radiator replacethrough a grille near the top. aids in/type of unit Is best suited to

Modern design also

{ments are practical and which

eeping the units clean, Stream- individual requirements.

Morris Plan Executives

Promoted to New Offices

Vice President

trom. E, R. Lee Elected

Four ‘Morris Plan executives Frederick T. Heath suggested construction confusion and waste.| ket has been carried since it start-| Were promoted at the annual

president,

yesterday.

Some meeting of the board, William L. experts argued that the list was| Schloss,

announced §

Ernest R., Lee was elected ex- | ]

$5 Million Total

The company has more than. 15,000 personal loans and finance contracts outstanding, averaging $324 each. These totaled $5 million. { ¥r. Tee, also president of ‘the which continues on a three-day | Terminal Transport Co., Inc, and “|week. The coal pinch is forcing|the Economy Finance Corp., has

railroads to cut their coal-burn-| been {Plan since January, 1948. He has’

Retail trade held around the Deen a director since his return levels of a year ago but was un- from Army service in 1946 when To Meet Thursday Whole- he was military .aide to Gen. ntly Dwight D. Eisenhower.

vice president of

ecutive vice president. R. Marvin |Williams was made secretary and a member of the board, O. Paul

tie, lumber . scraps, wallboard, (in leading industries, particularly Hiatt was appointed assistant glass and other items. .. . in building, automobile and- steel, |YIc® President, and Lawrence , (Fulmer was named assistant seca! Business Loans Up | retary.

Mr. Schloss reported that Mors Plan Savings and Investment

Morris)

Mr, Williams, Morris Plan per-

Tip-Toe Shift,

And 33 Pct. More Glass In Rear

The DeSoto for 1950 will be. introduced Tuesday with character Chrysler-styled roominess, the largest brakes used today and setts Institute of yp. toe hydraulic shift with gyrol fluld drive. DeSoto follows the thinking of the Ch 8. Reclamation |gye appeal with plenty of head and leg room. The ear has a wider, longer look, and the rear styling is com He was resident engineer with|pigtely new with 33 per cent more) ~~ 7 =e Sewerage In glass in the réar window giving sculptured bust Louleville and principal assistant wide-angle visibility. The bottom DeSoto with an illum ledge of the window reaches down tic face optional. | . | Rear wheel tread has bee | Rear fenders have been length- ‘widened nearly three inches to Research, engineer of the ened and retain full height for give the car roadibility and curve nearly the full length of the car. hugging qualities. The dome light

Tall Hight, stop and turn lights are has been moved forward giving the driver more

light, It switches

rysier line in providing

of Hernando inated plas-

sonnel director and office manaCrude oil output had a small ger, was assistant secretary and rise but was under a year ago. previously cashier. In the Army!

for the

{Gasoline = production increased ‘he served in India with ArmyFuel ofl output rose over the pre- Navy intelligence. , [vious week but was under a year| Mr. Hiatt, loan officer

Tosinty. kat

choice 95 to 104-pound wooled

Through Long-

sage to Congress.

and peace, for instance. Expenditures on national] defense, ERP, and other costs arising out’ of past wars. approximate - 70 per cent of the budgét. But, as Mr. Truman sees the future, America is going places. By 2000 A. D. the people of the U, 8. will be three times as well off as today. A heady promise that. Yet possible. . And it was nicely in keeping with the financial reviews and forecasts which greeted newspaper readers this New Year's, The

Paradise Regained

IN Term Planning

J. A. LIVINGSTON PS WASHINGTON, Jan. 7—“Truman's in the White House, all's well with the world.” roughly—sums up the President's state-of-the-union mes

That, roughly—very,

alluded to some difficulties: Russie

mism to a lot of other For a moment, after New’

President merely added his opti optimism,

disappointed, that therefore stocks would be in supply.

But by Wednesday, eudemonis reigned anew — with the Presi.

dent's reassurances added. The stock market pushed through to new high levels, and railroad shares, which had for so long lagged behind industrials and public utilities, were in the lead. A request for

a 95 per cent increase in mall ra $100 million a year, was a helpful]

mbs. Compared with last week, closing cattle prices were as much as {$1.50 higher for slaughter steers land yearlings and $1 to $2 higher \for heifers although choice kinds | were absent. } ! op cattle prices were paid for {two loads of choice and prime] js and 1218-pound fed steers which sold for $41 and $41.50) per hundred pounds. The week's top for hogs was|

Grain Futures Edge Forward

IRR ; ARC REAL ITg BAR

of American grains for export.

down the list |closed the week at tance from those before the turn of the year.

Lately,

here, but wheat was supported

for the purchase of the grain,

lowed sales of U, 8. grains Tues-

tion of export business. France received some

Marketing Administration while Holland bought oats from private exporters and Ireland made a small purchase of corn. Early buying interest in corn {was also influenced by light re-| iceipts and cold weather over the {belt. Cash and processing interest {were good buyers of soybeans {which were further aided by a better market for cottonseed ofl.!

were generally limited to varying

t lamounts of wheat which were

bought

Mr. Fulmer

Mr. Hiatt After joining Morris Plan In 1940, he became adjustment department manager. . ,

Mr. Fulmer is manager of the

credit department and is a leader

of Explorer Scout Troop 48. Credit Union Chapter

Central Indiana Chapter of Federal and State Chartered

Credit Unions will meet at 7:30'2!¢ Optimism for 1950 spread in-

p. m. Thursday at the P. R. Mallory & Co., Ipc, assembly room, 3029 E. Washington St,

Ninety credit unions from

{Marion and surrounding central

Indiana counties, representing

ago. - Kerosene output was below | last three years, was advanced 33,000 members, will be repre-| [the previous week and last year. to assistant secretary in 1948. 'sented. |

50 DeSoto Restyled for Roominess, Better Vision

» §

The DeSoto for 1950, restyled for roominess, color charm and better vision,

New Car Features ‘Wider, Longer Look This Year

Servicing has been made easier! for the transmission and a tricky circuit keeps the stop light from! operating when a turn light is on. | The motor is 112 h. p. with 7 to! 1 ratio. i The line is offered in 11 body styles from club coupes to the harti-top convertible and 9-pas-| Senger suburban station wagon.

{Portland office. Lard futures were active and thigher, {that the government was in the {market for lard supplies for Ausitria. ’ Closing prices last night for |the nearby deliveries compared

with last weék were: Wheat! $2.185% a bushel, up 1%; corn $1.31%, up '4; oats T43% cents,

HPS TYE STAN, ups 2 Soyer

beans $2.33%, up 4 and lard {$10.95 per hundredweight, up 33 jcents, Good Year Foreseen -| For Realty Stocks

Times Special | | NEW YORK, Jan. 7T—Real es-! {to the security market. | | Realty stocks and bonds, which gained in value last year, will re-. {tain their strength in the next 12] months, predicted H.R. Amott,| president of the Amott-Baker &| Co., Inc., Investment security firm. | He attributed his forecast to de-|

{velopment of more institutional

refinancing, continuation of good)

|earnings and substantial buying] to satisfy sinking fund require-

month , . , NOW is the

democracy.

at ak Sten Bx plant,

a safe dis- jp

feed grains were in-| clined to slip because of a slight! increase in spot grain receipts |

by fairly large foreign aid grains | cash |

The best advance in prices fol- | day which represented a resump- |

wheat | flour through the Production and

influence. The ICC has already granted a 25 per cent boost—on account—as temporary relief. If anything, President Truman’s message accentuated the business outlook. He forecast | “only minor reductions in budg- | etary expenditures. i He said he wanted a moderate | increase in taxes. But the Im- | mediate response from Con- | gressmen implied “No soap.”

Different

of the ‘twenties and thirties.

tes, which would net the carriers

Committee: “I want a moderate amount of expenditure reduc tion. Maybe we (the President and I) can get together.” Again, the federal government will spend about $40 billion. Add to that the $18 billion to $20 bil lion-which will be spent by state and local governments, and total government expenditures ' will amount to $60 billions a year, op nearly 24 per cent of the coun« try’s total output of goods and

That shows how big an Influence government all government—is today in economic affairs, {constitutes an Important differentiation of this period from that

Government has become a stabilizing influence on business—

CHICAGO, Jan. 7 (UP) —Grain-on production and. employment, G | IGOR INA BI IPSN Yd SHLNSS OX Dru pp te SW EERE EE SR i Tn

x Se But government budgets,

" exeept And baseboard| Although their position was &/quring and immediately after outlays—for veterans, debt, de= clean-even heat|little less ‘certain in recent trad-|wars are slow to change.

vernment outlays don’t cone

Ate an TORRE SON:

the federal government has fixed

|fense, foreign aid, and so on,

STRIKE TOLL RISES Coal, steel walkouts boost man-days lost to highest total since 1946.

Boosts Purchasing

Government outlays constitute, as is well known, a redistribution of

income. By and large, taxes are derived from the middle and upper-

income groups and from corpora

Purchases of grains by the on roads, schools, bridges, munitions, farm subsidies, etc., Commodity Credit Corporation workers in the form of wages or farmers in the form

Insofar as the proportion of income going to the lower-income

chasing power increases. These

are the people who spend a major| particularly after word portion of their pay for current)

requirements.

The following table traces

briefly the trend 1 vernment rely the trenc In governmeh’ traction will be averted.

| Indeed, as defense outlays drop,

outlays as a proportioh of the

gross production of ‘goods and services: - |

Total Goods, Gov. % of Services Exp.* {1 ons)" 1929 .... 103.8 10.2 9.8 1932 .... 583 10.6 18.1 1989 .... 904 17.3 19.1 1850** .. 233.0 60.0 23.5 *Federal, state and loeal. ** Estimated. That rise in the proportion

militates against any sharp pusiness decline such as we had after

the first World War—when gov-|

ernment outlays dropped so precipitately, and when business had to take up the slack,” - © The government will continue as a stabilizing “influence until (a) Stalin changes his strategy, | tactics, and attitude, and (b) | state and local governments are much farther along in their postwar projects than they are today.

Message to January High School GraduatisBUTLER UNIVERSITY

For those of you who are completing your high school education this

time to consider college.

During the past 95 years Butler University has served Indianapolis and” the surrounding area performing three vital functions . ..

® Training young people to become more useful’ citizens in a » $ y young people to enjoy a richer and fuller life through Sraining p Joy ug

® Equipping young people to be able to make a better living.

At Butler University you may select a course of study in liberal arts and sciences, pre-professions, education, business administration, pharmacy, or religion. You and your parents are invited to visit enrolling for the Second Semester,

Freshman Registration , , , . . .. Jan. 30-Feb.3

the

tions. The proceeds, when wpent go to

of cash,

This factor of ‘go stabilization is only to

the agency's groups is increased, effective pur-|

d Pres Truman's re {iteration o longer-term plans |—for er social security,

low t housing, etc.—provides

ance that any sharp cone

the prospect for higher welfare operations 11 increase,

Follansbes. Steel pi

J . . Sells Plant in Ohio PITTSBURGH, Jan. 7 (UP) Follansbee Steel Corp. today ane pounced the sale of -its Toronto,

/0., plant to Kovalchick Indus-

tries, Inc., Indiana, Pa., for an undisclosed price. H. A. Follansbee, president of the steel firm, said his company now will concentrate all activities at its Follansbhee, W. Va., plants. He said ‘the company will be best able to serve its customers from

‘these plants.

WHAT'S NEW? BLUE GNU NORTHAMPTON, Mass, Jan. T (UP)—What's new at Smith Cols lege? The blue gnu, Girlg of the class of 1953 selected it as, thein official mascot. Lo

’ }

eh» POEUI t

performs an 1 for home-owne! The Board o a creation of th hears appeals provisions of ti such provision unnecessary ha difficulties pres owner from u his land accord lations surroun _.Court decisio nized regulatic owner from ri profit if his pro differently ths permits, It must be goning board the judicial se The board is a

. authority to «

peals at pub notice of appes

:.r votes. The zoning b

appeals and to of the zoning

Zoning On The division are enactment district regulaf trative detail latter two are District regu kinds of distri height. Use district permitted use property in an the city. Area district congestion of sity of populat a minimum nu of lot area fo may occupy ar Height dist maximum helg mitted at any ordinance pern

velocity Testing |

PHONE