Indianapolis Times, Indianapolis, Marion County, 26 March 1950 — Page 42

~ Strengthens Stocks Wall Street Heeds Axiom: Things At Their Worst Have to Get Better

By J. A. LIVINGSTON he ] YOU COULD easily pass over, as a happenstance, the current boom in Wall Street—the advance of stock prices 'to mew highs. You could argue it's completely ‘iflogical. You could ask: How come stocks should 89 up when . America's’ diplomatic fortunes throughout the world seem to be slipping to a post-war low? You might even say that| |

Just the opposite ought 10! tary of State Acheson and the

en. . ._|State Department by his catchYet, America’s weakness in 5 catch-can charges of Commu-

{he current phase of the cold war nists in high places. In Germany,

Official Join Parade of Hoosier Home Buyers ik

WS PR

‘

er MOBY. De the basis of Wall. Street's. the. -Russians-make—as if they mow : strength. It is a maxim among might try a “putsch” on Berlin stock speculators that: en to oust the British, Americans and things seem at their worst, they French. In Italy, the Commies are sure to take a turn for the have caused social disturbances.! this month. © better, In Indo-China, the Russians are. They purchased homes on Sen, McCarthy (R. Wis.), has fomenting an uprising against!/the North and West Sides from pulled down the prestige of Sec-ithe French, . Er

. ig. : . + . The dossier of failur e { 3 Beginning of Policy OVerWhelnan, fai « seems wo | [0 Hog Values persist. On the West Coast, Secretary Acheson laid down a seven-! : point program for ending the cold war, “Obviously, Russia won't Off 2 A C nt accede to Mr. Acheson's proposals. But at least Mr. Acheson has - p S made a beginning and the policy of drifting is ending. Either Mr. Truman or Mr. | Acheson will chart a program or Congress will try to. The result could well be an

increase in military expenditures and foreign aid. If so,

usin sr EH ints 5350 Rockville-Rd: "An airline ticket agent and an oil company official joined Hoosier home buying parade.

North Bide Realtors.

tion, and might reverse the downtrend in U. 8. exports. : t A major change in front, in. Hits Chicago Market | U. 8. strategy, is probable. Up till . . i ‘now Faro tried to lead the CHICAGO, Mar. 25 (UP) world, yet has remained semi- Keener competition from Eastern jaloof from it. We have hidden markets this week reduced the, Wall Street would be justified yping the atom bomb. We have value of live hogs sold here by| In optimism about the business ,..umeq that the mere threat of 25 to 50 cents a hundred pounds. | outlook. {atomic force would edrb Russia 4 jperal run at Eastern corn| ‘An increase in such outlays land would give backbone to belt markets reduced the take! would offset probable declines ‘Western Europe. We have relied from Chicago pens to about 800 next year in automobile produc- (on our overwhelming economic to 800 hogs on most days, The! tion and new home construc- [strength to deter Russia. p ¢ i

{mid-week . top of $16.60 was cut! : . . This is. America’s opportunity 'to $18.35 which was the outside u. S VS. U. S. S. R. to demonstrate to the world price Friday. that we can maintain a high standard of living at home, yet, at the! However, cattle producers same time, rehabilitate weakened economies abroad, prevent hunger found little to quibble about since! and famine, and supply direct military resources to countries trying even though receipts here ex-|

to guard themselves against aggression. That's our basic strength, panded the trade on steers and| Out of it our foreign policy should! : " ~ heifers was steady to 50 cents! flow, : ‘higher. The top Friday on steers’ Foonomically.. Russias 0 Purdue Arran es | was $33.50 a hundred pounds, . mateh for this country. We y | A better outlet for dressed have three times Russia's alu- . . [beef after a long period of slug-| minum capacity; we turn out |gishness improved the demand! annually 10 times as many cars ing purse ; {for almost everything except bulls| and trucks, four times as much {which closed weak to 25 cents! . Co : lower, : : Experts fo Address | Review of Prices ; APF held Sessions xn riprovea dressed trade w Times . State Servie

i i

Eastern Competition

cement, twice as much coal, four times as much cotton yard io k00ds five times as. much. elecs | tric power, 400 times as much

two brokers of the Associated

~ Ray Herald, associated with TWA operations at Weir Cook Airport, and his wife, Myrna, . purchased a two-bedroom resi-

\ SR ¥ SEL Chg

_ petioleum, three times as much pig iron, three times ‘as much steel, eight times as many trae-

torn heating in the building industry

Our national income is more Will be held at Purdue University, skins

than double Russia's by any stand-|Apr. 11-14, ard of measurement. And it's Heating, ventilating and air quite obvious that America can conditioning experts will particiextend large-scale foreign ald pate in major parleys. Problems much easier than Russia can. of design and installation will be Therefore, in Asia, we should try, discussed in each section.

Whenever and wherever possible, Among lecturers, Charles E.

to trade economic wherewithal Bacon, Indianapolis building com-|

for loyalty, resources and indus-| missioner, will present the state trial know=how for political sup- puiiding code for warm air heatport, : {ing In a class Apr. 12. But we cannot act with goods, TI 4 with material things, alone. We Other Speakers Listed have to be allies, not a sideline Others who will address the encheering section. You can't ex- Tollees include Loren G. Miller, pect the leader of a movement 9°an of engineering, “Michigan to stay in the background and State College: W. T, Miller, prolet his followers get hurt. They fessor of mechanical engineering, won't follow long. Unless we par. Purdue; Fred Morse, Purdue; C. ticipate directly in the program F. Blome, Dallas, Tex.; Prof. to contain communism, we can- Stanley Gilman, University of not lead it. {Illinois; W. D. Redrup,- Hunting- : jton; Willlam Nessell, Chicago, ig Jhplication la That we may jand Ben Speaker, Lafayette, y 3 qu Major discussion will. be on __Kurope and Asia to prevent Rus-| M41 $143 advances. Then Russia in {forced warm air heating system

{design for a six-room house, warm our potential allies. To gain the,;. tne for the small school

confidence of other countries, the : | United States must assume the oy Sonditoning 2 a sman same risks as we ask them to. | The course is sponsored by the We have the resources for SUCh |, niversity, the National -Warm & program. We now need the|,,. 'no,ung'and Air Conditioning Will, the leadership, and the co- Association and: the Sheet Metal! Pe ae am I we do. ana Warm "Air Heating "Con Ene tractors Associatilon of Indiana. -SteengHh of _the-antl-Communists-—py oon is ooen fo heating world, but also’ we will bulld UP contractors, dealers and designDur SWn Tesources at home. Over: |... 4" siudents 1h the warm air. all effect: An expansive business heating field, M. M. McClure. co-| structure. as Wall Street perhaps a... of adult education is betting. |sald A ? J But more than that, by proving ’ cm ———— er NB HAVO ROW HH ter — use our ee —————— Re Te ————— strength, we may convince the Indiana Hlumination men in the --Kremlin that it's | cheaper to make peace than to GONference Scheduled |

vage the ‘cold war, i

: ‘Nomes J to Siaff i” Herence here’ Friday and Satur! Three new sales representatives day. : : . weré announced yesterday by the/ The ‘Indiana gliapters of the Underwood Corp., with headquar- American Institute of Architects ters at 1301 N. Meridian St. and the Electrical Engineers will They are E. F. Cockerham and Joli medical, ~ educational and Gil Norton, adding machines, and SUPervisory groups in the two-day E. P. Speakman, accounting ma- Paricy at the Indiana University:

Indianapolis -architects "and engineers will help light the way

. LAFAYETTE, Mar. 25—An in- sheep market where the top price tensive short course on warm air Was $28.25, up 75 cents from late

also credited * for the. higher

last week. However, the best! demand was confined to wool-

with shorn lambs only [steady Real Estate—

| A review of prices follows: D Y Ww $ | ! Hogs: Most good and choice © ou an 180 to 250 Ib. butchers sold Friday at $16.10

ito . 230 1b. averages. Good and choice 250 to 290 Ib, weights sold! mainly at $15.65 to $16.25 with a! few loads of 300 to 360 1b. heavies | ! (at $1525 ‘to $15.75, Most sows| You'll pay taxes on $9000 next {ranged from $12.50 to $15, accord-! Year, saving $44.90 under the {ing to weight and quality. | $1000 exemption clause. { Cattle: High-good and choice an a8 {fed steers and yearlings sold from) FOR DISABLED veterans, :$29 to $32.50 with a load average there ' are additional savings. choice 1300 Ib. weight at $33.50., The Veterans Administration Most medium and good steers and says a veteran with 10 per cent lyearlings were $23 to $28.50 while; or more disability can save tax medium and good heifers ranged| payments on an additional $23 to $27. Good cows were $20 $2000. This means tax savings up to $21.50 and common to me-! of $3000 on a mortgage above dium beef’ kinds $17 to $19.50. | this amount on his assessed Medium to good sausage bulls real estate. : {were $20 to $22.50 and medium to choice vealers, $26 to $30, | Savings on mortgages below

(Continued from Page 41)

hold a $2000 mortgage oh property assessed at $10,000,

ir eeiliig “panel dealgn, ~ Sheep: High-good and choos] this amount are prorated. the

96 to 108 1b. wooled lambs topped! VA says.

at $28.25 with the bulk good and! choice wooled kinds scaling 1114 ' Ibs. down, $27.50 to $28.25. only] tional $3000 plus the state's

choice handy shorn lambs reached! $1000 from which the veteran $26.25 with the bulk $25.40 to $26.|- an seek tax relief, : Common to good slaughter ewes/ So the next time you make were §11 to $14 with choice kinds| your mortgage payment befora $15. | May 1, don’t look askance at the realtor, broker or banker

Grains at Highest fo ni 7°! 0 22 aeditional Level of Season | mae: sore. "7 © Yo

Easter bonnet, CHICAGO, Mar. 25 (UP) — «pas: ’ Grain futures limped along this Wild Goose Goes en week until the March contracts!

cent disabled, there's an addi-

season on the Board of Trade. "A total of nine delivéries either

Northwest. front.

the ' seasonal highs during the the realtors’ warmest friend, Friday session. One delivery of came a resounding “no” to latest lard also reached the top price housing proposals. hie

; Sad ' .Home Builders for more ‘direct which™ prevailed regarding the Ror. ' 3 expired delivery was . removed, Municipal elections on the issue. , a y In Seattle, Wash., a proposition Before the close Friday, all wheat contracts —and several of corn to_set_up.a_public housing ro. : : salve COT (gram was defeated 57,732 to 33,-

JOVUeans and oats made new sog ies in a direct referendum BR.

: on the issue, Behind the rise in wheat were,

George F. Clayton of Franke-Padget, Inc., apartment ‘building at 1637 Central Ave., two weeks ago, He sold the Peter Pan . dwelling for Mr. and Mrs. Henry N. Sauer, Mr. and Mrs. Ray Miller Jr. and Tom Miller Jr. Pur. chaser was not disclosed by the firm. |

| creased the distance between big- R. P. Koenig to Head For ex-servicemen 100 per |

THE FIGHTERS against pub-| . h 1 were out of the way and then lic housing won another battle Planning to attend the annual “| Shot"up to the best prices of the 1st month, this time on the far Convention of the American In-

From the Washington stomp-| to" May 10-13. Don's with Me-| broke into new ground or equalled ing grounds of Sen. Harry Cain,

RE a STIS >

ATF oF Which brotght's dviiard In the Hroad Ripple" $4

dence at 5350 Rockville Rd. from DeVere and Lucille MecQueen. The transaction, closed Mar. 11, was handled by Mead

Knight of F. M. Knight Realty Co.

Chester Scherer, 'plant supervisor with Shell Oil Co, Ris wife purchased a two-story six-room house at 4912 Central

and - ‘mick. Bob Bussell, associated

4912 Contral Ave, GB bs bagi

Willis Adams—4101 N, Capitol Ave, ue! American . Estates Co. — 861 Berkeley: Road, 6922 Broadway, 25 Hendricks Place, 733 E. 33d - 8t., 2441-43 Arsenal Ave. and 5227

Aye. on Mar. 10. * ‘The residence was sold by . Mr. and Mrs. William McCor-

with the Jack C. Carr Co, handled the transaction.

Pnkesrodgen inc, Complete: Sule of Peter Pan Court pps fir Ail.

" Buyer, Builder

i ’ ¥ “# > . Ls " -

‘completed the sale of this fiver

m, four-unit ourt multiple

: :| 88 spring zephyrs. g 5 | pair were issued by the Universal

= |pair Guide” and “How to Buy a

J ing distributed to builders through | local associations and NAHB in Broadway and 1719 E. 73d Bt. in _

‘Fox Metal Products

[nounced yesterday. receipt of aS $631,440 order | grain storage bins from the Com-|

Washington Blvd. The latter was a cross-deal with Walt Veon Realty Co. 3 Jack C. Carr—3829 N, Capitol Ave, Lot 4 in Keystone Manor, 856-58 N. Oxford St., 818 N. Dearborn, 1726-28 Ludlow, 4421 Maple Lane, 4726 Normal Ave. in LawWith weather spurring realty rence, 3612 N. Bancroft Ave. 8235

& activity, three books designed to gE. Washington St. and ,628 N, ‘| aid the home hunter and builder 1inwood Ave,

Spun presses this week as merrily | Fay C. Cash —.Property on

|Hampton Drive east of Sunset, °.| Gerdenich Realty Co.~1320 W.

27th 8t. Publishing & Distributing Corp., while the land planning committee] Hall-Hottel Co.—815 8, Sher.

Guides to home buying and

lof the National Association of man Drive. °| Home Builders Yeleased a “Home

Fred T. Hill Co.—3040 E. 57th Builders Manual for Land Devel-| st. and 1465 Linwood Ave. .-

opment.” R. E. Peckham—365 8. MeridBooks on “Simplified Home Re- ian St. pi will be sold: at news| Harry L. Robbins Realty Co.—

{Lot at 80th and Illinois Sts, stands. The plannin ide is be-| ; $3 apuIng guide The Spann Co., Ine. — 2243

Home”

| Ravenswood.

| Walt Veon Realty Co, — 4927 {Carvel Ave,, 4626 Kingsley Drive., {property at 85th and Birchwood Gets $631,440 Order Ave, and 116th St. and Mattsville NEW YORK, Mar. 25 (UP)— Pike. Fox Metal Products Corp, at Ford V. Woods—1306 W. 31st :. i

Washington, D. C. :

for aluminum

News! STA LTT LR CTRL TTT

Daily 1590 WXLW (590

News! News! modity Credit -Co The 1atést 6rae he over $300,000 contractual

Tok I metal, work on hand brings the com-!

_| Flooring Prices

to Save $1000 show Big Gain | 1$16.25 the slo to sina win |p Tax Assessments?

Times Special MEMPHIS, Tenn. Mar. 25—| ; Although it was not slowing resi-| tightness, beauty and low main-/dential construction, hardwood! tenance hi Bical. ai imum | T100TIn8 prices in March were 65! 0 . + alum { f surveys will be in the next mail, Pe" cent above the low price last (Summer, according to the Hard-| Rural Route |wood Market Report. HOME BUILDERS are taking! . The price hike was attributed to the hustings. {to sharply increased production Government reports indicate costs by Henry H. -Willins, seere-| twice as much housing taking over tary of the National Oak Floor-. radish patches today as compared ing Manufacturers’ Association. to the mid Twenties... . © { The trade official yesterday Last year throughout the coun-| blamed minimum wage boosts, try, ‘44 per cent of housing starts freight rate hikes and low inven-| were for rural non-farm unips. In tories for the higher lumber prices. | 1925, the number was 20.per cent.| Yet prices quoted in most marWhy? Same reason the front kets are well under post-war | porch changed position and name. peaks, he said.

{The auto. Transportation if-|

{city job and rural living. f Government also pointed to Peru Copper Company | | scarcity of good sites inside city! ponert P. Koenig, resigning {limits and easy development of | president of the $42 milton Ayr-| | outlying territory. : | shire Colleries Corp., largest Hoo- | Shopping areas are following! gsier coal mining company, will the home builder to the country. leave Monday for Peru to inspect!

‘Along Realty Row {copper mining properties in which "WARREN ATKINSON, chair- D® Is a director. : man of Associated North Side] He will head 2 copper mining I Realtors, shifted weather vanes company; yet undisclosed, with |last week. Headed south for two New York headquarters, | weeks of sunning around Ft.| He had previously been in cop- | Lauderdale. . . . Don Compton's PET- Mining before joining Ayr- | whipping up rshire, {

full credentials for It is presumed in business cir-! | | J het s : - Indianapolis architects and wives cles, but yet unverified, that he

3 | Morgan, who recently came with stitute of Architects in Washing-1'y v ohire as executive vice presi- | Guire & Schook. . , , Weather's/ mending sing (holding .up exterior completion DEFERS DIVIDEND VOTE of 15 homes W. L, Bridges & ST. PAUL, Minn., Mar, 25 (UP)

Son, Inc, started last Decem ber — Directors of Northwest Airlines elfen si j St. Inc deferred action yesterday on] ~~ . per : ’ 7. Nev -{the declaration of "a dividend ended Thursday and uncertainty fom the National Association of Vicinity: Nevertheless, home seek-| : a dividend on

ers sloshing down the road to the the company’s 4.6 per cent cumu-| “Thrift Home” birthplace .are! lative preference stock which usu-| chomping on the bit. They're ally is announced at this time.

pushing -for-the- deeds. Bills; Sr: —_—— YOUR CABINETS BUILT

and Jr., are pushing the weather-| to suit your needs

man. Jamestown White Steel Kitchen ecad-

} {

willbe succeeded by James W. |

pany’s total unfilled orders to more than $1 million. SE

PAINT — REPAIR — MODERNIZE

1. List Things Needed. - 2. Get Estimates.

1 D LOAN ASSN.

RORPOL S 1»

inets built and in-

THE HO the ever pe half style, v

“tect has de to be of hor and yet he little featur windows, ri and ledge r all add to tractive ext: The inter Just as tast enter the vestibule wi rectly ahea the long, n "with a natu outside wall window. ext: the other o left is a se and a kitch BAI

Building plan Additoinal se The Portfolic TOTAL ENC Name

seven

Address

CRY soeviees

Fill In Ma

Lumber an On The Hom On

: Medical Center. 1 Neighboring Yakima “thumbed | rr oh, _ Ce The conference will probe the '¢port§ of dry weather in the out a similar proposal by a 7 to Realtors . to Hear | [Problems of ‘school house illumi. Southwest where moisture is 1 voting margin, 7168 to 1098. Purdue Professor nation. It is sponsored by the In. Needed for the winter wheat. These referenda followed rejec-|

diana State Department of Public crop. The new highs were May tions at the ballot box by voters Instruction, IU, Purdue University Wheat, $2.24; a bushel; July, in Grand Rapids,” Mich., and St. and the Indianapolis School Cor- $2.00%; September, $2.00%, and Petersburg, Fla. NAHB also re-\sate Board luncheon Thursday. poration. December, -$2.03 1. ;ported .local objections to public

} Bem " —— soni {housing have been raised in Balti-/ The Purdue professor will speak | Couple Buys Grand Ave. Property I» . A A R hy { i 3 ; Sn J :

versity will address realtors at {the weekly Indianapolis Real Es-

> {on “Economic Trends in Agriimore, Chicago, Detroit, culture,” IREB program commit|p A rejection by voters of. publicitee chairman Fred C. (Bud) Tuck. © housing proposals can't happen! . here. Referendum takes an act oeoinced yesterday. {from State, Assembly.

K nock, Knock

|. WOOD WORK plant says four jout of every five householders have homes with wood windows. | i. “Nation-wide” survey discloses {steel windows are used in 7 per cent of homes, aluminum in 4.9 per cent. : Survey said preférence for.wood § "windows stems . from weather-

a "——

: WELCOME

{ Dr, E. C. Young of Purdue Unis!

|’. LOG CABINS | ~~ Enjoy Your Own Cabin This Sunimer : Place Orders Now For .. Completion This Spring.

SS bien fom 8734 8 a ; This home at 3562 N. Grand Ave. and two adjacent lots were | 4 Tes i Col for ros Cav Circular PHONE TA:2196 «| purchased this month by Mr. and Mrs. Myron E. Armstrong. The | [= J IRCLE CITY "SEPes > PHONE TA210 - | prop os were sold & Russell. 6. and Alice Dariman frough | fue 3 i=l | | ORCL SITY Sury 00,

stalled exactly as

Phone for estimate.

| RAUP over co. | | 148 N. PENN. MA-2608 |

you want them | f

ROS

AC 8 33—Outward appear. 1—To till the soll ance of a thing 5—Theough 33—To perform 8—To essay 34~To wager 13—Menta! image 36—Fear 13—Before 38—Drunkard 14~Toward the 39—Precipitation [LSM] INI 1] sheltered side 41—Part of shoe LIOIS] EERE - 15—Paults 43—Bondman 3d Hes LL 3/8] 17—To require 45—Conducts Ud) [2] 1]V] Ee 19--Worn away 43—West Point YI LINS LSS TION 1312]

CROSSWORD

SOSA 3 [SLLINI3L] EIEEE |SNYVIW SINS] S oR 23 Tv 303]

53—Maca $4—Prophet

Your lot ma for @ compl Home — 5 ¢ ance about $. taxes and | NOW: Catto plete—Plannii ing, Remodel price.

2 Bedroom and offset sink. Util furnace; a ments in

1320 Sc 1328 So

GE 607 Unio

STILL

DOMES

i | oy A Ee e

1001 Unie