Indianapolis Times, Indianapolis, Marion County, 26 February 1950 — Page 40

a ere . . ! 3 - . : : JS

: LpacE 0 Lie - i — THE INDIANAPOLIS TIMES : : | i i These Homes Sold by Edsel Realty Company . ro a | amhs [Stock Averages Dip Slightly Homes Si dsel Rea any Choice La ~~ Under Election, Coal News LE Wt ak

— Hit All-Time | High Industrial Production Buoys :

Market Despite Unfavorable Factors:

» § ¢ | By ELMER CC. WALZER, United Press Financial Editor. | NEW YORK, Feb. 25- British elections and the domestic coal “ie strike gave Wall Street a hit of excitement this week.

The nel result of the short week's trading was-a small decline

Supply. Drop Sends in the gencyal average Rails were easier an coal shortages. In.

s held their ‘own.

= : dustrials and utilities 2 7 : : PI g 4 : “ wo ; _» 1 beat mmm Top Grade fo $27.25; Amie from those marr attractions —the-nrarke tad prenty ot eomame—tu ran i peta am me ae i Fo Smee ” ” 5 p : ;

.

y Ol byv-Dla \ snefia PWH tems - - - February Record oh a pal City Stoel ket Specials outshone the topCHICAGO, Feb: 25 (UP) whirled up on merger rumnrs.and ranking eaders, Choice wooled lambs sold for dipped when they were ol /icially That did not mean the leaders $27.25 a hundred pounds late this, yoniad “Wheeling Steel spurted on Were neglected. The steels had a week, the highest price ever paid a two-for-onie splitup approval by good mdrket from ‘time to time. here for February offerings. directors. Motte were sustained by high g > ll : : ostlv production o ute "KS. on Ted TE oaniy American 1 ocometive, and Rails came fa i res. . American Bank Note fell on divi- r lambs but included several loads dend reductions. An increased being sold on the coal strike of Colorado weights. : Rodend bv ny. vid Electric has Utilities were active as a group Higher price reflected to some ' : - : . And had many new highs,

vy Deen anticipated and when it was 2 ro oA ; exte the holiday and storm Ns On Friday, the arket ot ; : Extent ¥ whi h held supplies to announced the stock declined on : ma go Among residences sold by “1 ons VII Had S

: some excitement from the British ; wat £5 19a “ “ t dsel Co., so st, a near minimum profit-taking. Dividend resump: election returns. The Street had % ? . ne Ble mg headin The five-day hog count was tion brought a gain for Newport anticipated a slim Labor victory. were homes at 4648 Stratford 8000 head under the previous industries. Television Sharesg,ry returns from the big cities St. (above) and 5528 Speedway ‘week. ‘However, after a mid- Were given another whirl as that gave Labor a big lead and stocks Dr. The Stratford home was week top of $17.50, prices for bar- industry continued to issue faVOr- n,,yeq \rregularly on light vol- purchased by George W. Shafrows and gilts turned downward able reports on sales and: earn-| fer, a Western Electric emto vlose 25 to 50 cents lower than NES. Then the Conservatives pulled ployee, from Wendell Sawyer. the week before. : : Motor Output High up and at one time their seats R. J. Hamner of Edsel hanThe choicest cattle were scarce’ Altogether, it was what Wall plus those of the Liberals equaled b dled the transaction. Roy E. and steers grading high-good and Street described as a market of the Labor Vote, This stimulated. = = *% Erickson, formerly of Chicago, better were steady with salughter stocks rather than a stock mar- buying in all sections of the fer ¥ purchased the Speedway house ’ “Imarket with special demand for F< a di Rig ROY from Robert G. Whitinger. Edhiglier. Heifers were 30 -cents the aircrafts, airlines and tele- « : 1 2 - ward C. Frazier closed the deal. Ligier and: mos, cows werd fisurance ed visions.- In the last hour on Fri 4 % i : 3 : Both sales were ma ‘ . a 1 ;

sade. hut "hulls and vealers day, the trend tarned again when

gteers and yearlings - 50 cents

“Times real estate ac tended lower ie hig Scottieh ites were

. if A review of prices follo . | courted nd Labor won. Stocks Hog The closing top oe Yurned dowh from their iRhs hs 1 J { AL

ty

said,

I.. Stone, company president,

PAN $17.35 with-moest goo ’ and volume | ed : } . 0 2 ounds, $17 . iB ’ Hree t the : i Commarea 35010. Underwriters Value = Wall street that the coal, yo a Ford Leads Field 17.25 Bull I ata cris could not go or much : ny ’ En $ 2% pound bul nn wre He - ); Properties at $1 Billion longer vithout a break that 5 J Sf ’ ar En 8 Te In 1949 Gain with most 280 to TH wounds }

fimes Npecial would end the miners back to 8 i SIN NIP A i I 510 litt . ' HIB III IY, Times Spec'al

$1550-16.50. The bulk of good wpw yoRK, Feb. 25 U. 8. their pits and hence this factor - rs

and choice sows 450 pounds down

. i ast ves resent record output of 99.3 millife insuran 3 : av came less potent as th ‘eek ror rs more than $5.1 million last year, | Te : of were $14 50-1550 with 475-10-800- nsurance companies have be Hn potent . a ie week Rag| Estate— Fords Go By” is more than just giving net earning per share of lion tons of ingots, it would use $13.14 25 hiked their total real estate hold progressed Industry continued . . a company slogan. i ng 1 g $ ar ZC ons of ce pane pound BA ol a d Tots JES more than $398 million in to gamble on an early end of the Feminine Influence Seen Registration figures ‘disclosed $4.07. ‘The top figure Was earned minute of the night and day durCattle: Scattered loads and 1018 pg jac two years, the Institute strike and maintained high pro lthe Ford Motor Co. paced ‘all After deducting all charges. in- mi ft y di of high-good to choice-fed steers ‘

Life Insurance reported here duction that brought new de ahd yearlings were $29.50-34.50 (4.0 - , i Construction Rises said yesterday $33.50. Most medium and good [nn 1ast vear, the firms brought Automobile production rose to

| tk . Continued From Page 39) functional housing, the biggest fed steers and yearlings went fOr their totals to $1.236 billion at the 126.737 units compared with 123 $ :

99 75.9 ‘ : - v ’ sla v ecard t stitute reported, §22.75-28, while the bulk ot Toe year-end, 712 in the "previous week . and hanhby shop or den, she said. ings today, architects and build- A 58.9 per cent increase over 1948 Wednesday to holders of record the Institute reporte ~ and good heifers priced a Swelling real estate portfolios, with 118.815 in the corresponding por plans were the epitome of ers said when 657.038 autos were put on Feb. 21. Most good cows were commercial rental properties ac- week of last vear

50-: : the streets by the firm. $18.50-20 with a few $21. Medium counted for $151 million of 1940's

Heavy construction awards o£ The firm said its cars topped « and good sausage bulls sold at pcquisitions and $513 million of rose sharply to $263.585.000 from of all other makes in sales gains $20-22.50 and medium. to. choice the year-end holdings. The half the $120.047.000 of the previous wo "ia | with a 65.7 per cent increase last vealers at $26-32, billion investment -has almost week and from $75:622,000 in the year oer 1948. The increase was

Sheep: Choice shorn lambs entirely been acquired in the past corresponding week of last vear. topped at $25 with slaughter ewes three years, the institute reported. Steel operations dipped from at $14.75; yearlings and shearing The Institute listed purchases 90.7 per cent of capacity to 88.8 lambs were practically absent. in 1949 and year-end holdings as per cent with output of steel at!

Most of the week's good and follows ] 1.692.800 net tons, still very high. |

choice fed lambs in fleece were REAL ESTATE PURCHASES 'A cut is foreseen soon if coal min-$25.50-26.75 and most shorn ‘kinds (In Millions) ing 18 not resumed. . Pash: were $24-24.75. Common to choice * 1949 1948 Car loadings fell to 560.116 slaughter ewes were mostly $11-14, Yur

| Ford said. ’

week and 697,335 a year ago.

: Fall © Baedrre 3536 test winner . , . “It takes a woman. | Year over 194s. Grain Futures Fal Bo oa eile. 6S 3 Electricity ,output dipped but NAHE CoHET Winn 3 3 yoann me

sae serena

a sharp rise in soybean prices

\ s Rental Commercial .. 151 175 Still was well above a year ago The cold water of government statistics was splashed x Sharply After Rise OEY. vsvvins “oP gp The decline was attributed to Splas right in the face of federal agencies tub-thumping for Vegetarian Has Answer This # ’ mnatte | « of a . CHICAGO. Feb. 24 (UP) sn recto ang) me cities to. save public and co-operative housing. To The H-Bomb Threat - C Mr. Thomp Trading in grain futures featured = Total ..... tesedaen $261 $217 tetail trade held high and was NAHB officials sprinkled representatives of Federal Housing Tits. Foreign. Service } : # } Bob Grave

“How cheap is fall

- ing contract to unions. Detroit, Feb. 25 -“Watch the

. ° car manufacturers in new car T} . ers] AXOR . any sz ese coal requirements would : clined in the coal sockples In New Home Desi nin sales g2in in 1949, the company °T¢ layes, the rompany Said total 109 million tons, enough to with the best in load lots atl y,yeiting more than. $250 mil- ? ’ Portsmouth directors recently tota : 8, ght

Ford sold 1,031.086 passenger declared a quarterly dividend of supply each*coal-heated home in 4 : . ro ia 3714 cents share, This can easily be a playroom, demand by Americans in dwell-| cars last year. This represented o/'z cents per share

12 per cent higher than gains | recorded by any other car make,

| Ford registrations were 806,766 In 1949, almost twice as much as [in 1948. Mercury sales showed | an increase of 35.7 per cent last {year over 1948. Lincoln car sales re $ 1 §. cars from 568,841 in the previous i : {showed 15.5 per cent hike last

only 1 to 5 per cent under a year Administration, Housing and Home Finance Agency and Veterans MELBOURNX, Australia. Feb.

i ¢ t

_ sunpaY, FEB. 2, 1950 The Week in Business— . =.

Plight of Miners Pains Crisis Callouses Again | In W

(Continiied From Page 39) thing” with proper authority from wall of the Ii a five-story underground area for the State Legislature. ' double-glazed 1000 cars are also blue-printed to. The committee's caustic coms. swith awning ease the Pittsburgh traffic prob- ment, penned by Chairman L. H. stretch from lem. Lewis, was, “Indanapolis has had white-antique All in all “the entire face of a slum residential clearance ay: ® =~ The dining downtown . . , Pittsburgh will be thority ... and a parking author. figured wall “Hifted HU -the—tetter-pointed—out—ity both created-by the -Gene— ff ——teft—of the | Mr. Aronson told the committee eral Assembly.” this room i: “Indianapolis . . . can do the same It can’be done here. rcofed stoop. ! For the ti

A Californi in who grew up with radio is now telling Straws radio where it can go. This doesn’t mean what it

sounds like : : Simply, Robert M, Hoey of. San Francisco, manager of the Sales

Order Section of the Capehart-Farnsworth Corp. of Ft. Wayne, has

kitchen is th ing. efforts. hanced with ers, tiled wal

: cabinets. been named traffic manager of the firm. Ss Mr. Hoey has been in radio for . = x ee or Roe oh years. He's been! Last year's earnings. wers The. Sloe with Capehart T&T subsidiary. slightly under the 1948 peak by the panel Bx since 1939. Before that, he worked Approximately $80,000. The dip in Gb a with GE and RCA auto financing made the differ- ou 8 snk REE Wo ence. Small loans _and.insurance BAe Lg Vo SL TR. CORY. has ¢ ‘isions showed increas Sun CHRYSLER CORP. has a little division 2 both s ed increases com’ ‘“telep |chartreuse folder which it hopes over 1948. kitchen . and makes striking employees see red. The company operates . two will save ste | The folder, in big black type, Small loan offices here. R. M. ring. tells the out-of-work -auto-makers Hoffer manages the 1009- N, Off the I [that strike, negotiations are cost- Meridian St. branch, while S. FE. the. L-shape. ling them $1,188,772.77 a day. Duncan runs the 103 8. Meridian entrance . to | That's the amount of wages St. ofce, - Be oC Washer, dry [the corporation pays its people to : linen, _space work one day. And that's the Steel Industry and a half

price Chrysler employees are paying for the strike each day in Heavy User of Coal

lost wages, the folder repeats. Tia Tr

utility-breeze

Times Spe

" YORK, Feb. 25-Ever ———Anothe

wonder how much coal the steel - 3

" » vy PORTSMOUTH STEEL of ~ Cleveland reported a new peak in industry uses

net income last year It out The American Iron and Steel - stripped -competitors because he pote yesterday released this 2% 2 firm Kept its doors open while . 3

LL L—eyebrow:lifter: : : 7% Te other steel companies were talk- “- ) If the steel industry weré oper-

The Ohio corporation earned ating at full capacity with its

cluding $3 million in federal in- IDE an entire year. payable the country with five tons of fuel,

« o a " - GENERAL FINANCE CORP. (auto financing, small loans, and

insurance) also announced vear- ] L i

end net income reports. The lend- « ALUMINUM AWINGY ing institution earned $1,056.744 : or Free {equalling 83 cents on more than GALL LL 31M Estimates |a million common shares of stock. 601 N. PENN. ST.

FENCE TO STAY— THE HOOSIER WAY

. ri thes a gop Sst 25 Suldeny : HOLDING PEC, 31 ago. Wholesale trade was about Administration with Federal Reserve Roard and FHA figures 28--The H-bomb is alfeady provThe action of soybeans oot . {1a Mitions) | on a par with 1949. at the annual convention. Pulling other figures from the , 5: handy weapon—for Aus- i a cided With that of cottonseed ofl fo *@'e=:se” +ee--8 43 8 58 Business loans rose by $14 mil pigures pointed out haif of to- report. NAHB said low and mid-| 5 pa" Vegetarian Society. ) futures which soared 28 points t Company Used ...... 326 299 lion. Money in circulation rose day's houses are being purchased dle income families buying homes Reminding fellow members = hs g_ new seasonal highs oS Rental Housing ..... 300 240 $268 million. The nation’s gold by families (n the $2000 to $4000 show 1 hor int pay approxi. that “meat eaters cause all wars, BS REPT only to fall off sharply after A Rental Commercial .. 518 388 stock was up $2 million. Busi- jpcome group. , mately $6700: 19 per cent $7700 Secretary Mary Foley followed r Fence of All Kinds ] minor advance the next day, DINE souvsrevyneceen SA 74 ness failures rose to 218 from 19° Of flew houses purchased hy 20 per cent. $8500; 12 per cent. © With & Warning. tiniest stery. > ST! NO DOWN PAYMENT The March and December Ans — in. the previous week and 180 a GI's under combination FHA-GI £9200. and 18 pen cent $10,000 {ove ta eating mead Jae ges LAMPS roy SOSTS Oall or Write liveries of wheat sold at new PUM trees $1236 $1034 year ago. ~. terms in 1048, 76.4 per cent were ‘ppp. guivey of consumer fi- Brared. rics § world hogen ne INR! PT AV ENCES—W WORK © highs for the season at the peak ra * we ’ —— by ex-servicemen with incomes of 0 June, 1049. disclosed omb wi ow 2 apart. VISIT the FINEST DISPLAY of FENCES—WIRE 1 . . " : ! : 9 | I PAN Tr MI 1949 i M { L eur vetatans. wit he Median price, fof New hames " and IRON RAILING shown in the United States, this market also failed to hold ome or gage OCQNS rer cent were by veterans with wohhied between $7500 and $8500. KEYSTON RE —— y gains, ° ° inecomes-pt less than $3500. “That's well within the ability |" 1701 E. 38th BAST OF FAIRGOUNDS Call TA-2434 - High prices in wheat and soy- Di Sli hl From 1948 Peak The 15th agnual report from of low and middle income fami- STATE-WIDE SERVICE wel ; beans ‘were vulnerable to profit FHA revealed that of all houses lies,” NAHB said. CR RC Sa TTT E ; " % : eo ON t x » v i : liquidation inthe Maren contract WASHINGTON, _ Feb. 25 ian compared with 1047, statistics findiiced through the agency in The assoclation also reported I | a Si nhract American lenders dished out $11.8, revealed. - by familios with incomes from new non-farm ‘dwelling “units NEW LOW PRICES! Buying was largely traced to ex- billion, thielly on homes, - nut The Rank J from $200 to $500 a month: 62.8 per last month. The U. 8. Labor ’ porters and flour mills and rep- Th , ) i. a cent; $200 to $400, 50.8 per cent, Bureau said this was an increase p i” ’ ie ‘Home Loan Bank Board 1048 resulted from an 8 per cent CP 4 ; : : : wad R S S! Fereniey litmg 01 hedges against here yesterday revealed the 1949 dip in mortgages financed by $200 \ $00. and 30.3 per cent, of 000 aver Pecemtior and 30.000 F EE E TIMATE . XI ages, eal, when our, mark was confined to récorded commercial banks and a 5 per de , 0 Soll). i : e gun in Jan-| . ——¢eorn-and soybeans were included NAHB contended the propor- uary, 1949, the record beginning °

. # 20,- cent decline In recordings by in- , 000. Mie i A a oo i iP 8% BY. IN" tion of middle income families of the record year. , ' ? p oe . cha s i - N er - were for financing the purchase However, last year activity of purchasing new homes is prob NAHB officers tempered opti

: . tecalls ably higher since FHA-financed mism that 1950 will be another big of new and existing houses, the miscellaneous lenders jumped 13 houses are usually the more -ex- construction year with = the

Board said. per cent and life insurance com- , Although the 1949 figure does panies hiked lending action 3 per PENSive ones. ) report that big expenditures innot hit the 1948 all-time peak, cent over, 1948 statistics, the . 1 ne association pointed out the volved in the government housing’ the loans last year continued an Board sald. FHA report does not cover non- program were “dangerously inupward trend begun in summer.| The following table gives the FA homes “which usually run flationary” and might send con-

In the export movement, Larger receipts of corn depressed prices in the cash market but had little effect on the futures, Weakness in rye futures here went hand in hand with the trend at outside markets,

* Enjoy the Beauty and Comfort of Keystone Windows

EASY TERMS!

Modern Fences for Etery Home WHITE PICKET—IRON—CHAIN LINK WIRE PORCH RAILINGS—KIDDIE PENS

The Stewart Iron Works Co., Inc. 310 Test Bldg. © LI-TI93 Night No., BR-8986 _ Erection Service Everywhere

oC I December mortgages were up 17 participation in total financing in 'OWer in price struction costs up 5 per cent. * Self Storing Ventilation as Desired Hardwood Flooring per cent over a comparable the below-$20,000 catégory for . John A. Schumacher, former City * Custom Built to Fit Your Windows Use at All-Time High Period in 1943. the Board said. [1949 by type of lender and the Realty Ramblings Council president, almost didn't | *Xeyslone Gives You Lasting Economy : a 9 This contrasts with a sharp ratio of increase or decrease ;... the convention Plus Convenience of Quick Changs 8 . ‘ : ? S . Co ; . CHICAGO, Feb. 25 Hardwood decline jn the last half*of 1948 (rom 1949 figures The big Marion County GOP “trumpet” decided at the last || ¥ Free Estimales—No Obligation floering for homes -hit-an all-time _ : Lending Total Chag. from 1948. moment to attend. But he didn't have room reservatipns. And Galt R594 high in timber shipments in the SaVIngs and loan assns. ....... $3,646,196.000 Plus 0.5% that tip toes on the tight-rope of impossibility in Chicago convention KEYSTONE ALLOYS OF INDIANA first five weeks this vear. Insurance companies ..... 0.000 L046,068,000 plus 9% times. fe ——— - - — 132 5. SENATE More than 83.7 million board Banks, trust companies ....... 2,445.722,000 minus 8.2% | Rut John blew his “trumpet.” IREB'S miniature mode! - home feet were shipped through the first Mutual savings banks ......... 749.697.000 plus 0.3% He called an old Indiana Uni- Puilding contest. for the” Home week in February, according to Individuals ...... ceanasasaanss 2,038,593,000 minus ‘5.2% versity roommate, fraternity co- Tho, closes Apr. 20. Takes a records of the National Oak Misc. lenders’ .....cviviiiianes 1901725600 plus. 13.2% hort and fellow musician to pull 3f@ to the board to enter. | Flooring Manufacturers’ Associa- —— ere Stevens Hotel strings. :

OIL BURNER SERVICE WINTER

tion. : Total ; =~STHER28,001:000 minus 05% When John arrived “tast- week;

creme ONAG 00. Loom... The. first thing.

* i . he did was call his &tring-puller. Rockville Road Home Sold by Speedway Realtors He was a fetlow who sang and ’ “ . \ played the banjo in an IU orches- : ‘ tra which featured. Mr. Schu“““macher on the trumpet. That was back in 1920-22. f The string - puller: Frankie “Masters, band leader and emcee

» - of the hotel's ice Show, ge re THRIFTY

MARION COUNTY builders

®-Crame Furnaces [QT y WINDS

¢ Super Flame Hedters |: CAUSE

FJ. SIENER LUMBER (0. TTS SERN.

CAL 148 |

Protect Your Home Against RAIN; SNOW and SLEET

sipped’ some rabid Hoosier poli- Ever stop and think how close tics between convention sessions. on alliance" there is between They're pumping for T. E. Grin- SECURITY and THRIET? slade as GOP nominee for. the Chances are that fellow you, see 11th district congressional repre- ! “in the clover” hasn't been any oo Get The . sentative . . , Welmer E. Bush- smarter, or luckier—just THRIFT. A Best — ong, Property Management Divi- § IER! So why not start now with

sion chief; heads for Sanibel : an Atkins insured savings. Weekly Island ‘before the Ides turn or monthly plan at your conveni- = EL — ence. All savings INSURED up te $5,000 by on ogency of the Federal government. You'll say, “It's 4 the smartest thing | ever did"

i '} 159 E. Market Street

ws I Gives All Three! “" FOUR UAY

VENTILATED METAL AWNINGS

beds REE HA |

This three-bedroom; stucco suburban home was sold last week by the Herman Greenwood | Speedway’ Realtors through a Times real estate ad. Mr. and Mrs. Clarence Pruitt, formerly of | | _ 651 Berwick Ave., purchased the dwelling from Mr. and Mrs. Irvin H. Keeler. It is-located on Rock. |. | ville Road, 1/; miles west of Aven. =

AT OUR PLA A

COMPLET

4) 3B

ELT

NIE, Rete

St. Louis Family Purchases Primrose -Ave. Home ~ |&%

i —_—————— ————— > — — — — 1

? - \ | All Aluminum — 36 Months To Poy ures | i ’ — {0 Call or Write for Free Estimate id | 922 ELBERT ST. _ GA. 4040

YOUR CABINETS BUILT : Compare Our Prices to suit your. needs ; a a in LET US BUILD YOUR GARAGE NOW

Jamestown White ) a Papa REV SINGLE OR DOUBLE SIZE Sud Ritch Py : : : * —OVERHEAD DOORS-—SERVICE DOOR alled exactly as. 3 ig —NEW KILN DRIED LUMBER ;

Smell Monthly Payments —ROOFING 10 MATCH Tour HOUSE QUICK SERVICE! FREE ESTIMATES!

GB APPLIANCES + VE 1

/ ws Bong , . abi . ’ ’ { : 4 Protect Your Car From Winter : i Now Fatidanty, Mr ond We, Wiliam Ho Kalter of St, Louis Mo., yrs esed this ve oun ‘RAUP RA i Combination Siorm Windows & Doors, Roofing & Siding—Guftering : frame house a Primrose Ave. from is R. i . ter. Stone, i ; i ? : Gn Ea eC. ey Re: oe i hs ommers in January alter. Stone, associated i 145 N. PENN. = MA-2408 | HOMECRAFT SALES CO. y ! * n or ty . ’ : v id X + ery) 5 » ERTL © Se \

- . : -« : % - { { - 2 -

Ear 5 y g : : wy , wr

4 UNTOLD DAMAGE | .

A pe Your

Conversion-Burner-

, CLEVELAND

JOYS En

LTR: AVE TTS

For Your Furnace

You Can Enjoy the CONVENIENCE and ECONOMY of TORIDHEET in ANY TYPE of HEATING PLANT

OIL HEAT SPECIALISTS FOR 23 YEARS

FoR - FREE HEATING SURVEY AND ESTIMATES, No oslGATion —| - §

I

Rd

Famous Toridheet Wall Flame @il Burner Silent—Clean—Economical

NO DOWN PAYMENT 36 Mos. to Pay

CAPITOL CITY HEATING CORP,

| 1112 E Now York se. er ety ;