Indianapolis Times, Indianapolis, Marion County, 5 March 1950 — Page 42

Al phie adr Jr

.r

Outlook in the Nafion—

Tis

~ How to Make More Profits on Less Sales

“Westinghouse Electric, Others Show It Can Be Done—Without Mirrors

, Ca

On Goal Pact

Rail Shares Lead Gainers; Utilities at By ELMER C. WALZER

'nited Press Finsncigl Editor . - s NEW YORK, Mar. -4—Stocks

on By J. A. LIVINGSTON / WESTINGHOUSE ELECTRIC shows that make more money on-less business. it isn’t done with mirrors, ar 5 ; Westinghouse's sales were down from $970,700,000 in poy Ih 8 a Wall a 1948 to $945,700,000 last year. But, net income rose from Street foresaw an early end of. ; 1 i 5 the coal walkout. |. $55,700,000, or $4.11 a COmInon share, to $67,300,000, Coal news and hopes dominat-| i or $4.95 a share. y | a common share in 1943, to $99,- Jed every session. Traders stub-| Gwilym Price, president, 300,000, or $9.68 a share. wind be Damped; : t afari ‘a. Bethlehem’ rt called at- nto. explajued the satisfying re-| hE aroven oy of [cautious About buying. Hence volBU us: plants during the year... ume contracted... | ONE: The company’s had new. American Tobaceo Co. -was-| Al. times, the leading issues. resl-estate—ad the and more efficient, facilities in! another whose earnings rose in (Were sidetracked for the special 5854 Primrose on operation in 1949, TWO: Operating economies

spite of lower sales, !stocks and special groups. But Not all gompanies, of course, nally as the nancial Sommunity were introduced during the year, have fared that well. Consonant =~ Soa, 114 Ion cou . /with the drop in demand for rail- 70! 80 on much longer, the blue THREE: Supplies flowed bet-/ ? chips received attention. i road equipment, Westinghouse Air| ler, 80 that work Interruptions, net fell from $15,875,000 Railroad shares led the gain-| were cut to a minimum and pro-io, $9,968,000. The decline in'men’s|®'® because the rails will be the ~ duction could be more evenly i othing ‘sales sent Hart Schaff-|/first beneficiaries on resumption scheduled. ‘ner & Marx's earnings down from °f €0al mining. Then’ came the FOUR: There was improved 3805000 to $1,568,000. The office Steels. also to benefit. teamwork among employees. equipment business was off and! Rail Issues Up Yoll" can just imagine « what so was Underwood's net—from Rails reached their best price happlied, Orders didn’t come in $60.013.000 to $3.379.000. A nd Nn the averagessince Nov. 8, 1948. easily The company had to Western _ Union reported a big Utilities were at their best since scrateh for business. Customers increase in its net loss. June 13, 1946, and the general omfiel pressure for lower prices. - Aq a group, stockholders can't average was at its best: since Aug. Competition forced the Manage- complain. Dividends—as a whole = 1946. The industrial average mente squeeze inefficiencies out are as high as last year. But “2% Within a ‘raction of its best f Pfrations. Result: A 3 per here and there the axe falls, thus: '¢Vel In more than three years. a cent®f@rop in sales was trans- Packard Chesapeake & Ohio, and Early In the week, the aircrafts, z for into a 21 per cent increase American ‘Woolen omitted divi-|irlines, store issues, and ‘many In nek nom. dends. Pittsburgh Consolidation Selected stocks from such groups lehem Steel's showing (Coal reduced from 75 cents to 50 28 Sugar, food, electrical equip-| was® inuch the same. Billings n

you can But it isn’t easy, and!

cents a share quarterly; Commer- ment, machine tool. rail equipdrofified from $1;313,000,000 to

cial Solvents from 3714 cents to Ment and building peceived atten: 3 $1.267,000,000, but net income | 8 .

25 cents; American Locombtive tion. Ra 3 rose from $90,300,000, or $9.36 ‘from 35 cents to 25 cents. | Business news held better than pe HD

most traders had anticipated and § RELIEF FOR HOUSEWIVES the market also was helped’ by The cost of living is off 4% from peak, despite creased earnings, “continuing climb in rents. |dends, and so on.

228 22s Chrysler produced the feature < industrial report of the week. Its § {1949 sales and net profits broke 2200 2008 | all records. Earnings were equal 3 - {to $15.19 a sharé on the capital, 78 | stock, against $10.25 a share in!

189:

{1948. The company. currently.

strike-bound is not producing a jcar. » I { GM Output Gains

Sto Pas Tz

Mr. and Mrs. Harley M. Reel

Built by Clarence Hamant, th

risk Real Estate Week

2

increased divi- by Joe Berger, North Side realter. .

day after Washington's birthday. The Reels ‘bought this two-bedroom heme at: Feb. 23 from William J. Carroll of the Alexander Smith Rug Co. James W. Carr Jr. of Carr Brothers handled the transaction. Mr. Reel is employed .by International Harvester.

ea

is pitched-roof, brick bungalow at 5835 Ralston Ave, was purmany special items such as in-| chased by Glen Michener of the Riverside Petroleum Co. last month. The transaction was handled

Blackout’ at Meat Plants

» * “ Depresses Prices for Wee -. Coal Shortage Puts Curb on Buying; Cattle - Shipments Hold Steady; Hog Changes Narrow | (Continued From Page 41)

CHICAGO, Mar. 4 (UP)—A “blackout”. at some meat packing developers of Windsor = Village General Motors reported rec-! plants Saturday due to the coal shortage had a depressing effect on and Barrington Heights, was

{ord output of cars and trucks for the livestock market late this week.

COST OF LIVING INDEX 5 COST OF LIVING INDEX 19:

; February. Westinghouse Electric ‘also had a record year.in 1049. | itustion-and-most buyers MMJSNJMMJS MMJSNJMM American Tobacco, American Cy-| SItUatio ; 1947 L948 L—i349— 1950 anamid and’ Natiorial Tea were Friday's needs. :

MN Prepared ford. A. Livingston |among the companies reporting!

higher earnings. {

MMJ SN paged Data: Department of Labor

The reasons vary. In the | Packard, for Instance | salidation, the coal strike was the central cause. In the case of such companies as General Prices. Prices showed American Woolen, earnings have slumped along with sales. In the Bronze, Allied Chemical and Fos-/change Friday compared to t tase of American Locomotive and Commercial Solvents, directors ter Wheeler [week before. : ; décided on a more conservative policy in line with earnings prospects hes ar! Day-to-day changes Hugh J. Ferry, president, Sale A — - 3 a A usual dividend by L. 8. Star-| 5 Packards’ first quarter earnings cal & Dye raised its quarterly] Cap NG would not justify. a dividend... PAYMeGL from $1.50 16-82. a tock up substantially after.

| This resulted In a bearish mar- $16.25-§20 kind. i ket but most sellers preferred to bulls topped at $22.25 while vealHigher divideneds or extras hold offerings until Monday rath-| 's changed hands at $30 and beC&0 and Pittsburgh Con- were declared by directors of/®’ than let them go at lowes e

he

. The plants were dark Saturday because’ of the critical power quarters. se were on orders not to purchase beyond; Construction of a . 200-seat

Odd

| Sheep: Most good to choice 96110 1b, fed lambs in fleece closed {at $26.50-$28 with shorn offerings with pushcarts, flourescent lights $25-$25.50. The demand

i . In ho for all native lambs was broader rett was sufficient to send the Prices were small and the price

ead in butchers was the nar

{

‘around

{than the supply at $24-$27.75. A[27 hamper by Frank Zener, 1449

—— A bag. AASV AT TER 0 ANE THAN TOWest r f the eason. The ‘The action of General Motors share; McGraw-Hill Publishing drop on fears of a dividend cut.[TOWest 0 b

ity cost-of-living contract with 60 cents, : the United Auto Workers) empha- Plainly, the economy is mixed, duced their dividends, . Heifer Prices Steady siges the rise In competitive pres- uneven. Some companies, like! . | Cattle shipments were abo syre in general and in the auto some people, are able to core Wheat So beans {the same as trade needs industry in. particular. The real with the problems of a buyers'| . ’ Y /slaughter steer and heifer pric fight for markets, for postwar market better than others. And 1 sypremacy, is on. The Packard for the most part, companies Hit Peak Prices dividend omission is a direct con- which have strongly established CHICAGO, Mar. 4 (UP) Some Spots.

sequence, {positions seem to be doing better deliveries of wheat and soybeans|t0 $1 lower. dictions the rule. Allied Chemi-/than others. : {sold at the peak prices. of the

Curtailed Demand Causes Pork Prices to Fall Here

By MARION CRANEY

Trade.

{new high for the current move. woolskins was 75 cents higher iment of $2.15% in the Friday $28. { : |session. . } | A review of prices follows: Sinking wholesale pork prices were expected to flood Indtan-| Soybeans Friday reached the Hogs: apolis meat counters with cheaper pork this week. {highest levél since last August 190-260-pounsd butchers y Appetites: dulled by- coal strike fears and Lenten’ abstinence and the July delivery recorded a'sold for $17-$17.35 with chol last 10 per cent. (bushel. ~The market Local meat packers said the sharp dip would reach neighbor-|Was 1 to 4 cents higher hood | butcher shops during the ———— (week before, week. spurring advertised “bar-|!agged at only 38!; cents a pound’ . Wheat prices for the most part 425-500-pound gE A CT _[¥riday. Other cuts, quoted at 49showed only small changes from §14.25-$15. Despite the slide in wholesale cents a week ago, fell to 42 cents last week's high level. However, pounds were $13-§14.25. and retail businesses, hogs anda pound. - brief spurts-reflected the lack of Cows Reach $21, most cattle moved along the same| Receipts in the stockyards slid needed moisture over the winter| Cattle: High-good to

SOwWS

prices 75 cénts to $1/ing the last week. Farmers higher! but best available steers hauled . only 6175 and heifers held their steady pace./cattie to market during the week, in rye Meat tradesmen said fear of compared to 6265 the previous upward trend in this grain on the|low-medium kinds $21-822.50. fewer work days and thinner pay week. ' ¥ Winnipeg - and Minneapolis ex-] envelopes from the current coal| Bétting around the stockyards changes. - tieup; especially in the East, has was that hogs would reach 20 qm

joined with Lenten restrictions, [cents a pound before last fall's} OPEN HOUSE!

particularly last week's three hog crop is. marketed to plush * ¥ 2 4 * The Indianapolis Home Builders Assn.

meatiess Ember days, cut de-/them down again: i mandy-sending prices tumbling. | Wholesalers said prices might,

Whalesale loins that brought have dropped even lower, had not

43 cents a pound a week ago were old. weather pepped up appetites. ond ’ ! YOUR CABINETS BUILT Schools Ready ~ * Marion County Residential Builders, Ine. to suit your needs - | , = Present - -

Jamestown White Steel Kitchen ively Sullt and

ETE For Home Show THE MODEL HOME

Fou want them { © Fal 3 i : a

abe tne

ra et SATIDG Re Re, Tg 25:50-326. Choice handy s | / ’ itop on choice butchers was " in reducing car prices at the same {rom 45 cents to 50 cents; Gen- There were some dividend casual-| °F 2 Pounds while the Iow OB comer tr ip rC si bir time that it reduced wages (under eral- Electric from 50 cents to lles, too. International Shoe, andi, ag0.nound grades $18. | 8 : | Pittsburgh Consolidation Coal re-{-00:360-po Br was

ut

and

es

at

Most good and choice!

ce

week curtailed demand so much that wholesale prices tumbled new seasonal’ peak of $2.37% 2/160-190-pound weights $16-$17.50 generally and 260-360-pound kinds $16-$17. than the Good and choice sows under 400 {pounds ranged $15.25-§15.75, with, targetyiy Most sows over 500 pected to reduce the CCC:

| {

low-/eial backi price’ path in the Indianapolis/from 47.325 hogs a week ago to|wheat belt and a fair export trade. choice 1050-1350 Ib. steers were |g ng should be k

through the week to change the ib. weights at $34. Most medtum (estimated) picture for corn or oats. Strength!and good. fed steers and yearling was due primarily to the were $22.75-$28.50 and common to!

0dd heads of good cows reached | [$21 but most beef cows were the! A Os Can se aE =]

Urged to Speed Farm Support

held steady although cows and WASHINGTON, Mar. 4 (UP) — bracket /bulls were 50 cents higher in The Farm Bureau Federation and Pracket. Vealers were rated steady the National Grange urged ‘Con- 1 "gress this week to hurry up with 2PProva Sheep supplies were far from a0 extra $2 billion for the Comseason this week on the:Board of burdensome and buyers paid 50/madity Credit Corp. to continue “lcents to $1 more for slaughter [8m price supports. March wheat Monday sold at!lambs with wooled kinds up the |a new seasonal high of $2.22!; a most and at a new high on the tive counsel, told the House Bank-| other tbushel-and May wheat sold at a[winter-fed crop. The top for ing Committee that only a fizm {week seek approval of: support program can prevent “oca-;

J. T. Sanders, Grange legisla-

sausage

lambs. were Collegs Ave: laugh-|

File Petitions ~~

“For Projects

| listed as Mr. Abraham's head-

{tabernacle at 918 E. 66th St. was sought by petitioner William Totman, 6562 Carrollton Ava. The |project will cost $12,000, the petition for Mar. 27 disclosed. Another East Side grocery,

and modern super-market trimmifgs, was also filed in the Mar,

Mr. Zener seeks permission to erect a $20,000 concrete block and stone veneer building two stories high at 2500 E. 38th St. An addition to the First Church

-|zine counters in any corner drug-

«Times [It Was done at this cost in Dayton. through--a-- Times FYAs banal

-

~ From One Town fo EF Times Real

«

lag little“as twenty-five cents. They're hot off the architect's drawing board and onto maga-

ratore.

the completed house and its blueprint embryo jell home hungry readers erected for only $5000 or $8000.” or. Sheboygan. That's what the magazine says.

Hits at Statistics

“T can always tell when a potential home builder has just put down a ‘home’ magazine,” said A. H. M. Graves, builder of Tacoma Village. : . “He’s got those ridiculous statistics tucked right under his hat-

And réproductions—in color—of |

“this house can bel

_ SUNDAY, MAR. 5, 1080

[Calls Magazine Data on Cost

Another, Says Builder £

ONCE A MONTH at least, - Indianapolis builders and contractors have to jump a mounting slick-paper hurdle. ; ’ « It’s a beautiful hurdle—iuil of house blueprints, new products for ithe home and garden and interiors: colorful as a counterful of basem : Any American home-seeker can have these home innovations for

exteriors of dwellings as

ent” ain items, Ae

But what will those new home-: buyers do when the periodicals pictorially portray and ‘the ads astutely announce: :

range. Buy a beautiful home.in upper, upper New York.” Noblesville, here I come.

Realty Row : ~~ Indianapolis realty tuncheons are taking on a sun-tan hue. Sev-

feral of the Florida “alumni” are

returning to the weekly beef-and--bean conclaves. William Bridges, George’ Studebaker, Alan Appel, C. B. Kindred look rested and ready for the spring offensive. ... Returnees hope sun they absorbed

band,” he said. ‘Those magazines are fine, Mr. |

Graves said. They encourage bet[ter ‘home construction ideas. . “People like to read 'em and dream,” he said. But those cgnstruction figures are dream-shattering. Authors of those articles don’i| consider the diversity of con-| {struction costs from one neigh-

boring town to another, -Mr.! Graves said. | Maybe the lovely three-bed:|

room brick horhe can be constructed in Louisville for $5000,! ibut “we've got different costs up| {here.” { Tough to Explain “When those homes are studied! in’ magazines, consider .the aif-| ference in labor, material and! land expenses,” he warned. “There | is a difference . >, a big one.” | “Man, it's tough to #xplain why we can't reproduce that home here| at construction costs mentioned by the magazine,” he said. Other builders in town echoed his observations.

‘will heat them during the coal crisis. . . . Guy Boyd must have anticipated the situation. He's just left to join Boss Jack Carr. Mr. and Mrs. Robert Mason are making Hollywood, Fla., their va-cation-spot this year, Duff Vilm, recuperating from winter sniffles, will remain in Ft. Lauderdale another week... . F. C. Tucker office help haven't time to talk about the weather. They're handling the biggest number of deals in eight years, Other offices are also reporting big market activity despite “usual” slack season. . + « Bruce Savage and family retourned from Washington, D. C., today. While IREB chief smoked through meeting of the committee to limit federal taxing powers, Mrs. Savage and the kiddies saw whdt makes Uncle Sam run. . . . Purdue Professor George E. Lommel told building inspectors last week what makes for good zoning policy. New trends included abatement of non-conforming uses which destroy property values, parking provisions around

“Get out of the hydrogen-bomb

‘Winking, Blinking’

bomb, exploded .right middle of the advertising layout.

THAT OLE debbil, the atom in- the

| “Atomic power in your gas tank.”

It's sparking the “winkin’ and blinkin’ " of the neon sign spelling out in big, red flashes “BUSINESS.”

“Atomic pre-inventory sales.”| “Get the atomic hair cut.”

In New York, realtors and brokers have advertised “Get out of tne atom range. Buy a beautiful home in Nassau or Port Jefferson or Bergen Coun-

”

The resuits have been , . . ah... atomic. i The ads blossomed like a forsy-/ thia bush after a national maga-| zine exploded the atom over Manhattan. |

of Christ Scientist, 3620 E. 38th: 8t,, will be the major petition be-! ‘| fore the I2-member Board Mar. | 113. The project hits the $75,000

The Sinclair Refining Co. seeks for a $30,000 service station at 501-25 E. Maple Road and a competitor, the Sun Oil Co., proposes a new station valued at $27,000 at 3105-19 W. 16th St. major - petitions next!

“ONE: A"$15,000 drug store at.

{lamity to agriculture and danger tne southwest corner of English to our economy as a whole.”

The CCC now has authority to George R. Eisenhut, 5436 Hibben spend-$4,750,000,000, in supporting Ave, |

* prices with loans or purchases: Secretary of Agriculture Charles in |F..Brannan has asked an expan- 59

{and - Irvington Aves. Petitioner:

“TWO: A $30,000 skating rink, the Douglas Park area, 2539Schofield Ave. Petitioner:|

sion of = $6,750,000,000 to carry David Krieger, 508 Inland build-|

through the 1950 Crop year.

Don Parel, associate director of! T the Farm Bureau's Washington sales {office, said crop controls are ex-'803-5 Merrill St. 'anfd Bernard) 8 need McGinty, 2901-33 Prospect St. Mr.!

"ing. {

lots by Tom O’Brien at

for funds, but he insisted its finan-| McGinty proposes: a $10,000 ex-!

level

AVE SNe

of The

Phone for estimate More than S00 Indiana high hres sia TSChooIR And colleges have been . Invited to the 1950 Home Show, Apr. 21-30, in the Manufacturers’

0 8 APPLIANCES VEOS WALL TILR RUBBER FLOORS

: building at the State FairRAUP JE AND 1 grounds | CABINET OO. | Last year groups from T0|

{schools attended ‘the show, H.| -| Williamson Stewart, chairman {of the Home Show's Public Ed-| ucation Committee, reported. { ‘Student classes are admitted! at reduced rates on week days| between 11 a. m. and 5 p. m. The {classes are conducted through the show by a trained hostess. Members of the public education committee with Mr. Stewart |

‘} 145 N. PENN. - MA-2408

Ever stop and think how close on ollionce there is between SECURITY and THRIFT? Chances are that fellow you see “ik the clover” hasn't been any smarter, or Juckier—just THRIFTIER! So why not start now with

7936 WINDCOMBE BOULEVARD

(One Block East at College Avenue) Indianapolis, Indiana

| | Open for Public Inspection . ... Matara sre ® 1 Bona 8 6.1 = Daily and Sunday thru March 26

ii ion] a 81. Weekls {| Peabody and E. D. Pierre, 6pm tod 2. m. 2p.mt9 2 m. ence. All savings INSURED up te Monday thru Friday Saturday ond Sunday $5,000 by en ogency of the Fed-

HOME BUILDERS SERVING AS HOSTS : SUNDAY, MARCH 5 :

AFTERNOON EVENING FOREST 8. KELLOG DAN W. LeGORE FOREST M. KNIGHT - CARL W. LINDEMANN -

This Advertisement. Sponsored by Linoleums Furnished by -

~~ SIMPSON-MILLER, Inc. ~ Floor Coverings and Home Furnishings Gre eo TANS

a : E. Marke! Street

eral go it. You'll say, “It's the ro thing | ever did!"

2b deeb

Modern, Late

4,6 & 8 Spind Ne. 2 Brown & Sharpe; 114” 21 TURRET LATHES, i. o. & Lomson, Bardens & 45 GEAR HOBBERS, Shapers,

64 GRINDERS, including 14 Leppers; Rotary Surfece;

Lo-Swing, etc. ADD'L MACHINERY: Universal

Twe (2)

Sq. Ft. Sprinklered

ept at

AUCTION SALE

$1,750,000 MODERN SCREW MACHINE PRODUCTS PLANTS

Production & Tool Room Machinery, Steel Inventory, Furnifure & Fixtures 2 INDUSTRIAL MANUFACTURING PLANTS

FOSTORIA SCREW COMPANY, INC.

Fostoria, Ohio (33 Mi. s. E. of Toledo) Tues., Wed., Thurs., Mar. 14, 15.& 16

Type Machinery & Equipment: 50 AUTOMATIC SCREW MACHINES, i. o, 2%", fe. ics; 19", 1%" ond 9/16" Conomatic Vertical.

. Werner & Ofiver, Osters, A Rounders and Testers, i. eo, 31 F Gear Shapers, 14 Barber Coleman Gear Hobbers, hip - “iy No. 2 Cincinnati Centerless & Model ED Plein & Thread; Internal & Disc Grinders. 10 ENGINE & PRODUCTION LATHES, including Foys, Imps, Model U

A001 MACHINE bnivarah Millers; 14 Production 3. Hand Mills; 13 u Spindle Drills; Presses; 4 Vertical Breaches; 14 T : Bolt Threaders, otc. i, pn

ndustrial Plants of " . RR. Sidings. “Brick & Stes! Construction. Large Lond Ares. Ides! Labor Market and Location. EVERYTHING SOLD PIECE BY PIECE—NO.-C - FREE — Detailed. Miustrated Circular Sent on Request — FREE “ = WRITE—WIRE—PHONE z

Modern One-Stery Industrial i Throughout

!penditure. Mr. O’Brien will spend $5000. - .

AT 10 AM EACH DAY INSPECTION: MARCH TO SALE DATE

1H", 13" and HH" RAG Acme Gridleys; Swaseys; 4D Potter & Johnsons, Jones Hardings & Moreys. :

Universal Cylindrical, Tool & Cutter;

53,000 end 40,000

IRMATION NECESSARY

a

WEEETUGEE

+ i8

HREE:.-Two—open-air—auto—

Activity mushroomed in suburban New York when the] “boom” destroyed the Island. | That was the A-bomb reaction.!

~ INDEPEN

public buildings, uniform regulations governing pursuit of home occupations. City Zoning Secretary Noble Hollister nodded agreement. The local policy is already one jump ahead of recom-

mendations.

ARMSTRONG ASPHALT TILE

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DENCE...

A MAN bows his head aid gives thanks. Thanks for the things that are his, earned by his head and his hands . . _ A MAN goes into a booth— and with him goes a principle. .He.draws a curtain, and he votes . . .

A MAN has a dream and a purpose—and an immigrants

“son becomes a doctor

——For-this-is- America; where such lives as he will, not as he must.

+. . a lawyer, an engineer ..,

things ¢an happen. Where a man

You will not find these things everywhere -—but you will find them here, One of the most deeply cherished privileges we Americans have is the right of personal independence — the right of each man to live

is family. - N

» A

With each passing yead, we ft the Provident Mutual “grow more conscious of this deep-rooted desire of Americans for personal inde pendence . . . for security achieved by individual effort. Life insurance itself is a symbol of this desire. In a sense, every life insurance policy

. represents a very personal declaratio planned and organized quest for fin

a of independence . . . & anecial peace of mind.

That is why we take pride in a year that saw our insurance in fore

increase from $1,312.476,000 to $1,348,188.000 . . .

written by the Provident in excess of increase to $621,006,000.

For these are more than figures . .

Provident Mutual paid last year in benefits is more tham a It evidences a fundamental and heartening truth, that

$95,500,000 . . .

« just as the $32,989,000 which the mere figure. people com and

deo realize, through their own initiative and endeavors, she personal

goals of independence and

security vital a part. .

in" which life insurance plays so

Te our policy owners, to our representatives in the field, and te our.

employees, we express our wirnt tha progress.

Philadelphia, Pennsylvania

A sopy of the Company's Annu bon

nks for another vear of Provident M. ALBERT LINTON, Presiden &

al Ri , including a Net of

ds and stocks, will gladly be sent on reguest

5th Aunual Statement .

As of Decomber 31, 1949

LiABILITINS .

ASSETS 0.5 Government Bonds $179,092,107.00 Reserve lor policies and Owhor bonds. . . . 277,970,202.00 - sopplomentery contracts $545,342, 104.99 Merigages ou real estote 95,000,111.48 Shebdeuts ieltwih emasy vam mn Socks . . . oo. BMI Wibotion fa 950. . 5,307,000.00 _ lemms on policies . . 21,420,25555 Premims pod in sdvence 7,987,404.3 Real ostote . . . . 91453252 Policyclolms . . . . 170647005 Cashin bonks and office. 3,946, 44275 oWmated taxes screed, ne payshle is B50 . . . 1,564,957. - Acerond interest «+ LW Miscollomoous Nobilities . 4,052,41309 Overdss intefest .. . 42.80.12 Total liabilities i ou, ————— Deferred snd meallocted Special reserve « + + 273000 of promioms, ofc. . 6,229.520.98 Contingency reserve + + BAND Totul wdmivied scons $621006,270.04 the anend

WENDELL BARRETT, L.

epg

|

LU, & ASSOCIATES

GUARANTY BUILDING, INDIARAPOLIS 4 '*

as

2

| Of Homes 'Shatfering’

Authors Fail to Consider Diversity of Expense.

i

with his head up . . free ..... building his own {uturs-snd-the-future-of-——- i]

Bigge In His Recore (Contin ‘vided up te Housing Ad surance on ing. Builders tion plans. economy ho resulted in valued at year. It w the homes

“more than :

$7500, MCR The reco: in construct ‘ In Janua sites and tions in th valued at § included 67 doubles and in Broad R Outside c¢ worth $424 January. 1 were not su The recor week disclos houses, two ments with Heights on In the co 2 residence Last yea worth $375, January in | ruary, 69 w were begun. In the eo worth $204 January, 19: 49 homes va started.

No Down Payment

LAMP IRO

VISIT th

Call Us fe Lumber and Requires

Ope: 8:30 a.

SSAA A

PAYM ssn lp PROM DELIV