Indianapolis Times, Indianapolis, Marion County, 16 April 1950 — Page 50

3 Outlook in the Nation— . Idea of Good Business ~ Fast Becoming a Habit

~ Forecast of Remainder of 1950 Isn't : Bad—Excep? for Unemployment Picture By J.°A. LIVINGSTON PRETTY SOON, maybe, we'll begin talking about postwar business without awe and disbelie?,” We'll get used to the idea of good business—of some 57 raillion to 59 million persons employed, of a national income of $220 billion, of a Federal Reserve Board index of industrial production at, 183 more or less. [2% — In the first quarter industrial activity increased, a natural result of the end of the

coal strike and the upturn in rapid enough to absorb the unsteel production. And the Presi- employed. Good business is be-| dent’s Council of Economic Ad-'coming a habit. : i

i 0 | Wall Streer Benediction 2 the benedie

|visers has decided that the out{look for the rest of 1950 fen’t bad!

at all—with this reservatton: In-|

dustrial expansion has not been |

nouncing the benedichigher stock prices: —To be surer=not all shares are advancing, The blue chips—du Pont, General Motors, Eastman Kodak, most of the Standard Oils, and so on-—lead the climb. They're the stocks bought primarily by investment trusts, mutual funds, and banks, for investment —_— accounts, Also in favor are!

thing going up at once—is |

“|Home Planni OSS | ro

x} x

5 2

41 Properties Change Hands During Week:

the utilities, because they're good earners during slumps, and the ofl. natural gas. and chemical stocks, because they have “unlimfted” growth possibilities. These last three are Wall Street's latest fads. Wall Street's enthusiasm is selective, Railroad shares are still In the doghouse. Ditto the more: speculative issues. Moreover, ~it's—a—safe-and-sane market, with lttle of the Fourth-of-July, get-rich-quick-on-margin’ fever of 1929. Wall Street's choosiness reflects business, itself. Prospects vary. The dominant characteristic, of a boom, unanimity—every-

‘Little Change’ List

per cent either way.” They are: biles, banking, biscuit and bread pets and rugs, cigarets, cigars,

corn products, dairy products, distilling, drugs and cosmeties, eleccom- -

trical panies,

products, zfinapce hard floor coverings,

~-Casualty insurance, fire insurance. .

manufactured: gas. ol Also, metal fabricating, nonferrous metals; flour miling-meo-tion pictures, office equipment, packaged foods, personal loan companies, printing and publishing, retail trade, shipbuilding shoes, snuff, soaps, soft drinks,

Farms Feel It

continue

biles, spiced by the up-and-doing television industry. ] & : s rs Bp SRO aaie-Bods sales are slipping back toward their by 1'3 points to,a new high since Acequntants to Hear pre-war level, durable goods sales are still increasing.

The Federal Reserve Board thdfcates ‘that people still are in, the market to buy homes, autos and electrical appliances throughout 1950 at a rate comparable with 1049-a good augury for the rest of '50. An upsidownsy pattern also prevails in agriculture. In_the | first four months of this year, farm cash receipts from | . _marketings were down about 5 per cent from last year. But |

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BURNERS AND INSTALLATIONS

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Demonstra-

The sustaining factor

| and egg income is estimated On Friday, this group dominated

| ing Cost of Labor Distribution—/ A Case Study.” He has been a | member of the national executive staff of NACA since April, 1948. |

a bulge in sales offset lower! ad HOME SUPPLY CO. prices. And because of higher J The One-Stop Bathroom and | prices and larger marketings,

4.ings..this year. including. govern: ..

“ SUnver tion at 7} . BOLLS FURNACE (0. NETS TTR. 3648 W, 16th St. AT-1541 | [ERE

missing.

steel, sugar refining, telephone, textiles.

Standard & Poor's Corp. fore- home-planning service. They are “cast of corporate earnings for Earl Feltman and Victor Kingdo 1950 bears this out. Out of 62g se" 2 ar 2 industries analyzed, Standard & Industrial List show gains of 10 per cent or more this year over 1949. These are . : . Brewing, chemicals, coal, tin con- Its | ar tainers, electric power, gold mining, meat packing, natural gas; roads, rayon yarn, beet sugar, and Tied Press: FINaneia Sdiqar tires and rubber goods. (But a' NEW YORK, Apr. 15 Indus10 per cent gain doesn't always trial stocks this week crossed over mean prosperity. Some gains will Into new high ground since 1930 he merely a rebound from a poor and then ran into difficulties. oal. volume for the week was the ng, and ¢ second largest of the year. Fri-Thirty-eight ifidustries are fig- day furnished the ‘largest session ured-to show little change—"10 since Jan. 13. Aireraft manufacturing, automo- A series of ups and downs left confectionery, glass containers, the raliroad and utility averages lower by small amounts. Most of the gain in the industrial component was provided by one issue —Allled Chemical—which spurted Tshow declines of 10 per Cent oi for-one split in the stock. more: Air transport, auto parts, Hit by Profit Taking - canned foods, agricultural machinery, industrial machinery; Di On Monday proSt-gaiing. apallway ment, shipping, cane Peared e e--Incustrial. ‘aver. Tallway equipment. shipping age had set a new high for nearly ings increases in 1949 in air trans- : ry, port and machinery are regarded On Tuesday, there was a fairly as too good to continue.) sharp break when the headlines told of the Russians shooting in. the economy down an American plane, s . s to be home-building and auto- On Wednesday the list snapped

Foor’s figures that only 14 wil paper, radio and television, rail- By ELMER C. WALZER 1949, as in railroading, meat pack- Trading picked up and the total makers, building materials, car- the Industrial average higher and _Ten industries are expected 10 when directors approved a fourSugar, And vegetable oils. (Ett 20 years, but losses were small. Thus, back and penetrated the 1946 high

1930. On Thursday the major intentions groups coasted and on- Friday ps — they slipped back. receipts from. meat animals Various special were down only 2 per cent, pri- Eiven-a whirl by traders seeking . issues behind the market. The marily because of Increased liquors enjoyed a good market. sales. For a time the aircrafts were bid Dairy receipts were likewise up, off only slightly. But poultry Finally the televisions took over.

survey. of consumer

groups were

{

off 20 per cent, because of price drops. ‘ In crops, lower prices and reduced marketings cut income from wheat, cotton, and oil-bear-/ ing crops 15 per cent. In corn, 1 x i

sharp the market. i

IREB Speaker

tobacco farmers are about 15 per cent better off than a year ago. Fruit growers’ receipts are up still higher—about 25 per cent. Thus, over-all farm readjustment continues. Farm market-

ment payments, will probably be around $25 billion, which would compare with $27.5 billion in 1949 and the post-war peak of $30.8 billion in 1948.

| Miss Sally Butler

A social and civic leader, | Miss Sally Butler will highlight the annual Lady's Day at the Indianapolis Real Estate Board luncheon Thursday. The president of the International . Federation of Business and Professional Women will speak on “My Observations in Finland.” Feminine realtors of IREB, spearheaded by Catharine Win- | chester, will present Miss But- | ler, candidate in the Republican race for congressfonal repre-

"Here's a honey of a house” . . . Wright-Bachman employees clear

sentative from Marion County. !

: the deck for the firm's (left: to right) Dudley Winn, J. B. Malcom, Andy Beasley, Joe King, n. Ellis Abbott will also join the planning staff. | -

‘Package’ for House-Hungry Indianapolis

ONE OF THE BIGGEST lumber and farm equipment dealers in central Indiana yesterday added a home-planning package to their stock. ; Wright-Bachman, Inc, “papas” of the two - hammer -andlumber trade mark, cleared plans for a one-stop planning deal at their Stockyards store and warehouse, : The top-notch lumber firm eyed the current home buying and building market and came up with a plan obviating the many stops and starts a prospective builder makes before digging the foundation for his dwelling. s n - . » ” THEIR PLAN, announced by Company President John Weldon, puts every step from planning to financing to shovel-and-saw stage under one roof. a The service helps home-hungry Hoosiers choose basic plans from a library of home planning books, set up loan provisions, select lots and suggest qualified contractors to start actual construction. The only service charge comes in fees for architect's plans for the house. “That's to get final FHA approval,” Mr. Weldon explained.

' All-plans and-specifications under the-service will-be designed

to meet FHA loan requirements, he said.

o - » . ” : SEVEN. WRIGHT-BACHMAN. employees will help the pro-. . spective. builder with plans selected from the National Plan Service, They'll do everything but build the house. The “planners” include Joe King, lumber department chief; J. B. Malcom, store operations head; Ellis Abbott, Andy Beasley and Earl Feltman, lumber department salesmen; Dudley Winn,

drafting department, and Vic Kingdon, advertising and pro- |

motion.

BULLET RESISTING GLASS Bullet resisting plate glass is

National Official

John I. Doran; assistant secretary of the National Association of Cost Accountants, will address] the local chapter at a dinner-| meeting -in the Marott Hotel at| 6:30 p. m. Wednesday. Mr. Doran will discuss “Reduc-|

of hi-test plastic.

Charles R. Israel, national vice president of NACA, is chairman.

Convector-Radiators Modern convector-radiators are, § equally adaptable to basementless one-story dwellings or multi-story buildings.

NEW LOW PRICES! Free Estimates! Easy Terms! ioc Madern-Fences for-Every Home - WHITE PICKET—IRON-—CHAIN LINK

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There IS a Difference Ack the man - who ‘has a‘ - RAILROADMEN'S Home Loan. ~

OFFERED

Other Days B

interests now require bringing together

HOME OWNERS! - There is at long last one fine organization to which every home owner in America con-gad—should belong. It's just for you. Your long ®neglected Home Owner Locol Association from Coast to Coast. Home owners do need

to: be well organized. Phone, write, or coll at office for literature and further information. Act at once. Be one of the first million members.

~ NATIONAL FEDERATION OF ~~ HOME OWNERS, INC.

213-14 MARION BUILDING, 10 W. ONIO ST.

RI-7096

into one strong national body every

. 223 Hume Mansor Bldg.

Evenings

4, INDIANA Ly

THE MODEL HOME OPEN TODAY, 2to 5. |.

7936 WINDCOMBE BOULEVARD

(Just East of College Avenue)

Indianapolis, Indiana

The center piece of the 1949 Home Complete. Exposition, proclaimed - by thousands os the latest in “living” has been constructed in Atkinson's highly restricted Windcombe Addition. This home with 3 bedrooms and 1'2 baths is complete. G.E. electrically equipped.

NORRIS P. SHELBY, REALTOR

money.

FOR SALE

y Appointment

LI. 3538 GL. 2634

‘| to house those families “who ren

Mr. Price, : : founder and president of National

u —— A — rrr is foi

manufactured dwellings this ye

t or live with in-laws or camp out in makeshift dwellings.” : “The Department of Commerce

ALFRED CAMPBELL — 5528 Carroliton Ave, in a cross-sale with the Jack C. Carr Co. JACK ©. CARR—3648 N. Olney! 8t.,-6556 Cornell Ave.,-631 -Con-~| gress Ave., 3148 Graceland Ave., T “Hampton Drive, 3902 N.| | Kercheval Drive, 4403 Kingsley | Drive, 420 N. Jefferson Ave. and {2248 N. Jefferson Ave. : { FAY ©. CASH-—Lot on Broad-

Ralston Ave., 831-37% Lord St. and Lots 65, 66, 67, 68 in Furgason Home Place addition. F, 0. TUCKER (€0.—3302 N, Colorado Ave., 2516 E. 38th St,

last month estimated the present way north of 56th St.; lot 25 in boom in residential building| Claypool Crows Nest and Lot 2 in

North Drive and 253 W. West-

|composed of a minimum of four: layers of glass and three layers facturers of nationally advertised crop, provided most of the in-/ing the interim he was in the life

own but not planning because of high prices? Then let Wright-Bachman—your reliable lumber dealer—come to your aid now!

Your lot may be a down payment

DON'T EXPERIMENT

Your home is your biggest investment. Seek competent adviee and Nelp from Wright? - ‘Bachman to get the most home for your

would continue another 12 to 24 imonths,” Mr. Price said. The prefab job should be to

do “a quality job and make our output available. to the maximum number of families at minimum cost.” ‘Assure Future’

“This will assure our future,”

he said. During the record residential building year in 1949, the prefab {industry accounted for 7 per cent of all home production, he pointed out, | The demand for prefabs climbed in the last quarter of 1949 and {shipments during the first three {months this year show an increase of more than 200 per cert over those for the corresponding period last year, he said. | . Acceptance Wider | Mr. Price emphasized the increasing demand for prefabs is {based on; ONE: Wider acceptance by the publie, particularly families in middle and lower income groups,

jof this type dwelling as “the log-|

{ical answer to their problem of obtaining a quality home at a price within their means.” | TWO: Steady improvements in the appearance of prefab homes. | THREE: Upgrading in the caliber of local dealer-builders. i FOUR: Willingness of private capital to accept mortgages on such security as a sound investment. FIVE: Increased use by manu-

materials and equipment.

eg. | ‘Wright-Bachman Firm Announces One-Stop [spur the boom by continuing to| FIEBER & REILLY-211 E.

|Willlams Creek. The latter was |a crosssale with Harry L. Rob- | bins.

field Blvd. The latter was a crosse sale with American Estates Co. WALT VEON CO. — 3939 E, 56th 8t., 6015 Evanston Ave., 5280 37th St. {Primrose Ave. and 5957 Norwaldo KNIGHT REALTY CO. — 1346| Ave. The latter was a cross-sale W. 26th St. { with the F. C. Tucker Co. | JOHN B. LOOKABILL—66 E., FORD V. WOODS & CO0.—22 70th St. and .3120 Winfield Ave.'S, Holmes Ave.

Most Grain Prices Drop After Reaching New Highs

CHICAGO, Apr. 15 (UP)—Most|casional relapses when showers grain futures were devalued after| were reported.’ reaching new seasonal highs early] Corn and oats, however, lost this week but old crop soybeans the support of adverse weather {regained strength and closed when skies over midwest produce seven to nine cents higher than a ing areas cleared up at midweek, week ago on the Board of Trade. (improving the outlook for new | In closing trading last night, corn and giving farmers a chance {May and July beans moved into|to Seed oats. new high grounds with gains of | Outside of short covering there four to five cents respectively. appeared to be little to warrant May topped at $2.74%, seven cents exceptional strength in soybeans, higher, and July ‘at $2:7173; “tiie although-initial-rises were credi!cents higher than closing prices ted to government allotment of last Saturday. funds to Germany for the purWheat futures showed net in- chase of cash beans and higher creases of one to three cents for markets for fatd and oils. the week but failed to get back up . .. |to seasonal highs established in a Named Director - thumping trade Tuesday, the Of Insurance, Institute Weel's best day. Oats and Te; ‘Mal. L. Nutt has . succeeded closed on the short side of the Daniel P. Cahill as director of {ledger and new crop corn was off Purdue University's Life Insur|about a cent, ‘ance Marketing Institute. Corn, Oats Lag __ | Mr. Nutt formerly was associate | Dry weather in the southwest, director of the institute at the detrimental to the present winter time of its founding in 1945. Dur-

spiration for wheat with only oc- insurance business.

YOU CAN BUILD

PLANS GALORE HERE

can fit your

Wright-Bachman will arrange t build from your own plans on eas: pay-like-rent terms.

RELIABLE AND SKILLED - WORKMEN

skilled workmen whom you can de pend upon to build you the fines

end immediate service.

ras

LUMBER © © ©

Indianapolis

financing . . . numerous designs in standard construction . . . quality materials and dependable contractors to help you build.

BUILD THE ABOVE FOR

$7800

MATERIALS AND LABOR

_ LET WRIGHT-BACHMAN HELP YOU BUILD!

See how Wright-Bachman plans family and your budget. Hundreds of plans avail. able for you to choose from. Or

Wright-Bachmon can recommend for you reliable contrgctors with

home for your money. Thay are’

ready to give you friendly help

PLENTY OF FREE PARKING SPACE

Se MA. 9304

] LIVING ROOM for as S / or D RH I-84" this home built ice as 4 sir JAJRE v Mo. Joeor] . (taxes ond insurance extra) ‘ Have you been dreaming of a new home of your Wright-Bachman has set up the last word in Brice includes unfinished

rooms and lavatory that can be finished at a later date.

SIX DIFFERENT EXTERIORS

The featured house can be built in one of six differant exteriors with only minor changes in the floor plan. Other “designs. « available. :

FIRST STOP FOR FINANCING Use FHA or Gl for lower financing charges . . . long-term loans . . . up to 95% .'. . equal monthly payments . . . inclusion of toxes, interest and insurance in the monthly payments . . . no second mortgages, and improved housing standards.

QUALITY LUMBER AND MILLWORK Wright-Bachman is on established lumber desler serving Indianapolis and vicinity. You can be sure of only the right meterials from Wright-Bachmen, dry framing lumcabinets . . . perfect fitting windows end doors.

0 Y

Stockyards

—

ATI Tn

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TI, I AA

———

In fact, Da Instead, y: “sold” in the sc The buildi his $25,500 hou. It had been Times’ real e Sunday. Worl rolled paper ca the spacious house. = AMONG TH the red brick v week; thre cot

The Ul DECO

WALL

in the FC FEATUI

7055 Wai

BERRY BI 28 . 5633 E. WA! 28 E. MA]

OIL FIRED Fi FOR FORD. Inst RYBOLT | 631 N. East St.

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Furn JAMES 1530

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: A Kit tom-built ki tomized Toy with single ¢ or shape. Y¢ ator finish, ¢ of other del on easy Cre

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