Indianapolis Times, Indianapolis, Marion County, 2 April 1950 — Page 42

.®

~ BLOTTER,”

; price of $16.65.

ere selling weak to 50. cAD!S kinds. at. $35. Western: Sed. offers;

ile ng | Set Far ty Pace

. Trade Lacks Uniformity, However, Partly Due to Adverse Weather

3.°A. LIVINGSTON 80 LONG ASH the automobile and home-building in--dustries keep booming along, business in- America can’t be} News Developments anything but good. By ELMER C. WALZER Retail sales will be relatively high, employment won't Niniieq. Pros Financial- Eder slurp, and over all industrial profits will hold.up. ‘That just about sums up the state of the union today. .Yet all business isn’t good,

Drop of 1950

New Break Occurs

this week had their

- second largest week of the year. artme u nifo rmly good. This spring Dep. nt stores throughout weath hich bl K the country report sales no better er, whie ows Keats |than last year for-the week ended “ and Shelley one day and Jack! yar. 25. London the next, has been hard; ‘on apparel and department stores. [Sunday, a week earlier than in; As, one prominent merchant|{1949, a gain of 5 per cent to 7 put it, “What woman wants to per cent minimum would be in high ground since 1930. buy a hat with a flower garden order—even conceding that prices; Unlike that break of mid-Jan-on top when she's shivering in arthis year are 5 per cent oriso un-| fur coat? “TTT |der last year,

: . The weather has not been a otal los ‘Weather Help $ The warm, dry fall and A bv per. | 18sues and that group scored “mitted builders and PS Tae to operate steadily. In the five [Sains on the weeks with, pracmonths, October through February, new houses started wers more ‘Cally every member of it setting]

mid-January without any news de

|as technical,

{hurt the small traders. They

than 50 per cent higher in 1049-50 than in 1948-49, [highs Moreover, the completion of new homes sent people to. stores Demand for the televisions| for furniture, drapes, household, - ——=-gtood oiit in all sections. even)

appliances, ete,

pots and pans, rugs,! fill a competitor's breach. |when prices elsewhere were de-| Perhaps the easiest way to clining. House furnishing sales have Sum up the economy is to repeat been good enough to offset the & phrase common in 1949 and ™ Market: Stages Rally apparel slump in department 1948: Hard goods hard; soft goods | ere was no steady selloff. Inrors fsoft: Retail sales were 3 per-centSiead thé. graph of. the. market: higher in February this year than |movements had the appearance

The warmer-than-usual winter lin February 1949, but sales of|* saw-teeth, up one day and

also may have spurred demand utomobites. nondurable-goods—stores— ~ So far this year, in spite of the {down 1.6 per cent whereas sales] Heavy trading came into Radio strike at Chrysler since Jan. 25, |0f durable-goods stores were up| Corp, common stock which had. motor vehicle production has (14.4 per cent. {been the sensation of the hull run 17 per cent ahead of last | Automotive stores’ showed the Market that came to its end in year, [biggest year-to-year . gain,--19.6{131¢. 1929. Radio -hit-a--new--high Sines CHYysTeF represents per cent; next came home fur-|2Nd good gains were noted in about 20..per cent of the in- | nishings stores, 16.7 per cent.! [such issues as Zenith, Inter-| , dustry's sales and productive [Among the big- declines. were National Telephone, Admiral capacity, that's a great achieve- jewelry 11.8 per cent, apparel 7.4 re and American Broatoast: shows r cent,'ind eatin pkin : ba RA ee St dan! Ee : Wien Dulin HR . industrials, including

| Leading For the forecaster, for the man|the steels, chemicals, and motors rying to Forasee trying to figure on what's going to [sold off on. the week. The rails happen to. sales, employment, and profits, the real question is:'held better than other departHow long can automobile and home-building continue their present ments and made the best comepace’ And .if they can't, what then?” back. Utilities drifted down. Since the end of the war, promos manufacturers 1 have! oi shares encountered profit-| ~produced...about- 20. million ars] pur yome:buttding — stir nay taking - and trucks, Nearly half the 43 plenty of zip left. The demand ning to more than 2 points in the million vehicles now on the road from newly married and doubled- active issues. . ; are of post-war vintage, In view up couples is still strong. Also,| Steel operations rose to 96.7 per “of that, ittakes lots of optimism {upgrading is taking place. People cent of capacity and the mills

.to conclude that auto production/are quitting rundown apartments turned out 1.843.400 net tons of soybeans which Monday soared| most the daily permissible limit of 10|

up to corresponding period of 80 no major slack in home-bufld- for any week in more than a cents a bushel and made new Charles K. Hall and Gerald J. 1 ;

in the second half of 1950 will-be and houses for newer dwellings. Steel ingots and castings,

949, ling seems likely in 1950. year.

Without Any Unusual

- NEW. YORK, Apr. 1 Stocks second | sharp . decline of 1950 in the!

And like the other break-in} one came, -

to account fi it, yclopmtnts | nt for assified Since Easter is next and came when the

imarket had got to within 1 per cent of crossing over into new

juary, this one did not appear tol. thad been buying in the television

tenet "Near Top

standing will be voted. They are applied for IREB ‘membership.

Grain Prices Hold Level

| CHICAGO, Apr. 1 (UP)—Grain futures held at or near the top price level of the season this week on the Board of Trade and show-ed-littlevinclinationto-retire. All deliveries of wheat, corn

and soybeans sold at the highest |t

prices since trading in them be-

gan. In addition, three deliveries ..0f oats and all lard. Sontraet. 5

Cra bsheE HER MpRETEY The best prices in wheat and]

soybeans came on _a strong drive’

early in the period while new] highs in both corn and oats were scored as recently as Friday.

Soybeans Active

May corn topped at $1.36% al that—brought losses run-Thughet and May vats at 85% cents’

in the Friday session. Highs in| other deliveries of these grains were recorded Wednesday. The most active commodity was

‘highs in all contracts. 1

i * .. And heavy construction Real Ele New Economic Cushion 1 0 ema sor: ernthental--is still at an unusually high level. 80 far this year, according to Engineering News-Record, heavy construction contract! awards are 39 per cent ahead of the corresponding period of 1949. The chief new development In the business outlook, It seems to me, is the pressure on President Truman and Secre-

{war expansion programs, private

{construction contracts so far this (Continued From Page 41)

ear, according to Engineering last year will be smashed in the tary of National Defense John- [Yeur, Wom Me 55 en oe first half of 1950. son for increased defense ex- lahead of 1049--that, notwith- But building volume will drop,

penditures, especially for. the Air Force. Private citizen Eisenhower's testimony before the Senate Appropriations Committee, calling for a half a billion dollar boost in the military budget, is bound to carry a great weight. It's not an unreasonable bet that rising expenditures on armament will act as a cushion | to a drop In automobile production. :

in the last half of this year com-| Jared to the corresponding period n 1949. The records in the final ne of 1949 will be too tough! to beat, he said. The dip will be enough to trim | any 1950 mark below the record Iset last year, he concluded. Which brand -outlook do you ‘buy?

standing prophecies of big deiclines in business expenditures on {plant and equipment. | Apparently, there's still a big) carryover of repairs and replacement from the war and the depression. Business is well-heeled / {with cash, is not loath to spend jr improvements,

NOTE-In last week's Business {Outlook, the statement was made Tch, Tch, Boys {that U. 8. ofl production was 400| BUT IT takes Washington bu-| There's still another support times Russia's. That was an error, reaus to put out confusing state-| factor at work. Though many The figure should have been seven ments on housing demands. companies have completed post- times. | The Department of Commerce {last week predicted the post-war

Hog Trend Steady Despite i Er aes rs. th {market for replacing older propImpending Support bop co

|erties. Prior to this forecast, CHICAGO, Apr. 1 (UP)—Hog due in part to excessive pre-Easter Missioner Ewan Clague of the prices showed no new sign of [Shipments of fat lambs. Bureau, of Labor Statistics sald wenknes n the lst dy of trad| A review of prices foows: It Mi ake “several year” ato ing here this Week despite the im-} Hogs: Most good and choice 180 | “wipe out backlog, . . . meet depending lapse of t government price 12 250-1b. butchers Friday sold mands.” rom. §15.65..10..$15.90. with.260 to | Housing and Home Finance: Traders said the snd of the hog |290-1b. kinds $15.50 to $15.75 and Administrator REymon M. Fo-| . ‘support program, which expired | 1300 to 360-1b. weights $15 to $15. 50. Joy Jad 3 di last midnight, had already been | Most sows ‘under 450 Ibs. were

discounted at the market. [fas: 25:to $15 with those scaling|

Throughout the week hog prices $14 to 600 Ibs. largely $12.30 to to] had averaged $1 a hundred] Cattle: pounds below the support guide |

Home Builders, convention in| Chicago in Feb-| ruary, Mr. Foley | contended that!

The bulk of high-good| {to choice fed steers and long year-| {lings were $28.50 to $32.50 with a

“At the end of the period, there sport 10ad of 113-1b. mixed steers)

housing and in larger homes with! price “tags under $8000. ’ And last November, Leon H.

Keyserling, acting chairman of

good and choice 180 to 250-pound 4014 from $28 to $28.50 while. most. “butchers. Farmers are expécted to medium to good kinds were $23.50 _keep the market at about this is $97 50 Good cows were $19.50 level by governing hog shipments} to $23 and good sausage bulls $20 “Selections Higher [to $22.50. Medlum to ‘cholce veal: ers sold at $26 to $31.50. Generally, the clo#ing trade this Sheep: The early top on han ween for cattle was unsatisfac- wooled lambs was $28.25 but clos. output for the next fivé years. tory to sellers. Steers over 930 Ing highs were $27.50 on choice pounds had lost an early advance | 105:1b. Wyomings ‘and $26.25 on| Which. brand outlook do you !112-1b. Colorados with the 120-1b. PY’

A a. 3. seth "ower. However, some ‘selections ings dominated the week's wooled| That's M Boy" held higher, lambs and sold from $25.75 to| CITY BUILDING Commis-| Only sheep enjoyed a robust $27.25. Shorn lambs were mostly| sioner Charles Bacon and the) week-ending trade and this was $25 to $26.25. Slaughter ewes Building. Officials. Conference of mainly dua to sharply I6wer prices were steady with the bulk of fleece America should feel like proud compared ‘with last week. Mid- at $12 to $14 and choice handy of-| Papa's” this week. week k prices were $1 to $2 lower! ferings up to $15. : They should extend some very

Couple Buys Suburban ‘Hoosier Ranch- Style’ Home

# .

Economic Advisers, told "a Bosy|ion housing parley an annual output of two million homes is’

: |

Housing Swamis Come Up ‘With Variety of Forecasts |

| estate and basketball.

jand Butler games an eye-doc-

gentle pats on the head to the, two-year-old American Society of |

Building Officials’ Co- -ordinating |

Council.

At its recent Chicago meeting, |

the ASBOCC (whew) approved a code of ethics calling for ‘“adop-

| tion of the building codes of the ‘member organizations . . . with the ultimate objective of securing tiniformity in building code re-| quirements.” | That's the goal the BOCA and|

{one of its mainsprings, Mr. Bacon, | [nave sighted for U. 5 builders, |

THE ORGANIZATION is proofreading a code for hammer and

{saw boys. It'll be issued sometime

this year. Before it comes off the presses, BOCA will meet in Indianapolis this June to smooth burrs in the

plan which urges laboratory in-

spection of all new materials and monthly reports to local commissioners of certified, approved items. BOCA points out building uni- | formity can be attained through a material-performance type code, replacing state and city laws which: ~gpecify certain material An certain construction jobs. It is these laws which have padded prices of construction in

At the Nation- certain counties in Indiana (Times sylvania St. al Association of Real Estate, Jan. 8)1and in major 215 W. 52d St.

cities throughout the Tountry. ” . »

Along Realty Row UNDERCURRENT of the

~ more than a mil- American Institute of Real Estate Central Ave.

though 25 o Sell uptish, Alyn heifers up to $33. Moat me-| llon new dwell-| Appraisers seminar next week- Gerdenich Realty Co.—1701 Monday, the trend of the market dium and good fed steers and ings will be need-|end: AIREA will push for local King Ave. Friday, the last day of supports, Fe a BEI) 0 San0n ed “for many chapter during Friday-Saturday Hall-Hottel Co.—8050. Broad: was termed steidy to strong. [kinds $22 to $23.25. | Mr. Foley Years to come.” sessions. Institute branch will be way. . The closing top price was $16.00 | Four loads of high-good to! This is espec- direct competition to residential] Fred T. Hill Co.—4481 N, Penn-| with $15.65 to $15.90 paid for most | .poice 925 to 980-1b, fed heifers ially true, he said, In rental appraising end of local Society! sylvania St.

of Residential Appraisers, one of| "the meeting's hosts. . RESI- N -DENTIAL. struction are peaking here’ that's

{President Truman's. Council ..offtrye. - But-a-modern sewer sys- Pennsylvania. St..

tem would push growth of our fair city even more. . .. DESPITE potency of real estate profession; | there are only 25 universities and colleges inthe nation offéring four-year courses leading to a

weamajor- degree Inothin state Inst Kppet.™ Ford V. Woods=-36 8. Tremont |.

diana University lists real estate. courses. But no degree. Lain Business College has a school of ‘real estate. Bul no degree. But-| ler is currently studying requests to add realty courses to curriculum. . , HERE'S A little real That haze that makes viewing of Olympian

tor's delight could be eliminated {if the University would install an exhaust fan in the Fieldhouse dome, Seems to me it would

dpi Cougs ve ls moth Carpet Ca.

Pitman of

Mr. and Mrs. James F.

Wilson purchased this "Hoosier ranch-style" Sale of the residence, erected by Erwi ‘the Walt Veon Realty Co. Mr. Wilson is associated with Bigelow-Sanford

n Lynch, was_han-

clear smoke, dilute locker-room! and stale cigaret odor; make games easier to follow for a fan like me who sits in the gallery and needs to smoke to. salve basketball nerves,

Save time .

Sef oe

Postpo €.0.0.s DEALER

[WARE MAKE YOUR ELECTRIC DRILL MARE YOUR ELECTRIC DRILL

A CIRCULAR SAW!

Ri Meangle. drive with oversize guards safe, yal Sajaneaq for Pae-Nomd. vas

UE bock quran... ORLY

SLEAMPrdich owt ‘A-114), Whitestone, L. 1., KY.

These five realtors have their eyes on Apr. 12, when their applications for Real Estate Board (left to right) William S. Ankenbrock, | Hall (seated), Gerald J. Pitman and Maurice R. Davis. Mrs. Grace M. Jones (story inset) has also

Real Estate Board fo Rule

K. Whistler, Charles K.

. On Membership

Six applicants for. the Indianapolis Real Estate Board will he ruled upon by the board of directors Apr. 12. =~-hpplications-approved -by--theIREB- membership: committee . include five for active classification and one for junior standing in|.

William §. Ankenbrock of ‘the F. e. “Tucker Co. was recom-

Bids

“jan over-supply. Ae

{bracket had been met.

The NAREB survey disclosed] supply of used single family homes|

demand In 64 per cent of

tag cough by me ses 8 por cnt EEE the National Association. of Real

look at their 50th annual market

A on plans for Just this category.

Among recent projects aphas| rove, t Sevalepments are i brow

range.

They are are in Beech Grove (by

Doon Same Realty and

Victory Housing, Inc.) and on the ctor ua by Grinslade Construc-

Yet 22 per cent of surveyed

for sale has caught fe

checked, Five per cent reporte

44 per cent

indicated the shortage in this

For new houses priced at $8000 or more, production had trimmed demand in 65 per cent of reporting cities compared to 48 per cent in the same bracket a year ago. Today, 10 per cent feel an over-supply. Despite high material and labor costs, 25 per cent of cities checked

reported homes priced below $8000]

are meeting demand. An over-

“was indicated by 3 per

cent. But this is still the housing gap btillders can fly into with clear weather ahead.

“Revviiig Up Plans

cities reported lower cost rental quarters have been to meet demand. Over-supply for high rental units has hit the mar. ket in 19 per cent of all report. ing cities and in one-third of the largest towns.

And in Indianapolis, builders are “revving up” their construe-

mended for active status by Fred

been a " junior: member for a year: Three junior | :. members ' assoL ciated with the ! Walt Veon Realrecommen d e d for active membership by Mr. Veon, John Max and Robert. M. Butterworth. They are Maurice. R. Davis,

Grace Jones

Pitman. C. K. Whistler with the Veon firm was also cited for junior classification by Mr. Veon and Mr. Max. z Mrs. Grace M. Jones with the Bob Graves Co. was the fifth applicant. to be cited for active status in the organization. Her membership was recommended Bob Graves and . Carl B. Seytter,

Realtors List North Side Sales |

Brokers Report

34 Transactions

Brokers of the Associated North Side Realtors yesterday reported 34 sales for the week ending Mar. 25. The ANSR report, compiled by the secretarial staff of the In'dianapolis Real Estate Board, included the following transactions: Willis Adams—Property at 86th St. and Spring Mill Rd. Butterworth & Teeters—860 Berkley Rd., 2525 E. 38th St. and 5439 Indianola Ave. The latter was a cross-deal with Minton Associates. Joe Berger-—1234 Nicholas Rd. g 2nd 6183 Kingsley Dr,

Alfred Campbell—606 E. “Kess- uation A

ler Bivd Jack Cc. Carr—5506 N. Pennlot 56 in Lakeside, the Hope Crest farm. at W. 96th St. 702 Sherwood Dr. lot 19 at Brouse and 54th Sts, "2422 Pierson, 838 N. West St., 1160 W. 30th St, lot 109 in Keystone Park and 4912]

F. M. Knight Realty Co.—1231 “Holmes Ave.

John Max Realty Co. - 2829 N.

Bruce C. Savage Co. — Property in Williams Creek, 25 E. 54th St, {3733 Denny, 3272 Fall Creek Blvd., 846 N, Butler, Brownsburg estate property, 7910 E, St. Joe and 5255 Woodside Dr. The latter Was a

and Lot 82 in Arden. .The latter was a cross- sale with Fay C. Cash:

® Blue, Shell-Pink ond Rose Hydrangeas

Easter Corsages & Bouquets

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. Save work . . . Save money is Auber up, in seconds. Full 14" Nandos 3° tock) tock by tu turning Svar. Ee Paci for long a. G. Compete with 4 high:

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INQUIRIES TS

‘and 2323 Co-| and. industrial - con*lumbia Ave. x.

vil

ty Co, were also =

le with Gregory &1..

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