Indianapolis Times, Indianapolis, Marion County, 30 April 1950 — Page 48

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Outlook in the Nation— New Forecasting Fad

TH mw amm tw "Little Home Show' Draws | Data Request From Mexico

building normally

THE INDIANAPOLIS TIMES _

are Three More T

Report

Sn A ; : a .." \ : » i “(Continued from Page 45) Spring Seeks E Good Business : : : Show 50-cent ducat, the doesn't work ups top steam head 2 os . girls said. until May, NA said. Optimism Follows Too Many Trade Re orts Doors to the house remaindd| put: the mild winter. big de- Yranse ’ i . ee) sya and. SYShVRY of Jroduets. ute Week : 5 be h away ficient on-site construction meth. = Cries of Wolf on Recession. Some Leading Issues | fon show clothes. ods produced these results, said Sale of 2 ’ | 2 | on By J. A. LIVINGSTON : Reach New Highs Bridge Builder the Association. ported by 4 THERE'S A NEW fad in forecasting. You don t keep | D i w k THOMAS COOGAN, president And if current financing aids Realtors ye your eyes peeled for the oncoming depression or recession. Vring vee of the National Assodlation ofiare continued (see Page 48), the The trax 3 . i | By ELMER C. WALZER |Home Builders, erects bridges, too. building industry SAA the week ¢ You're satisfied that we're in for a -long hitch of United Press Finanelsl Writer His plea for a common level year's record of 1,025,000 new , business. The population is expanding, which means; NEW YORK, Apr. 20-—8tocks between builders and architects is homes and apartments started, man Warre) Sines: pop xp wl glee more mouths to feed, homes to build, school teachers to hire, started the past week on . weak taking hold. Toaty 2 ans predicted NAHB, The list, : } : : ' note with labor troubles key- land” over Ww | . Real Estate Automobiles are overcrowding the roads, which means note and finished on a firmer note , ‘You-all’ Plus ; Ad, n ; bl going. tal tion, include more highways, parking fa- {helped by Saniy favorable busi- The NAHB Shief, i a tates THERE'LL BE A new maga- Butterwor RT d und d What if the automobile indus- ness reports. iment published in m 8 zine on the builders’ newsstands Carrollton cilities and under- an over r ‘reaches a saturation point? Market experts were skeptical, Architectural Forum, urged lead- this week. with the F ground traffic arteries in y Poy. Bowever, over the market's ac- ers of both professions to strike! It's called “Design +.” : it And the cold’ war boosts 1 will be only temporary. The|tjon They held it did not per- a new note on the fee scale. | And it's just that, with a south= Jack C.<{ ES 8 strong, upward tow will prevail. form sufficiently well in view of He asked architects to bring ern accent, The magazine's a Ave, 7011 slense Sxpenditores. jant tide, This is another period akin to predictions of 100 per cent steel their - home designing services! quarterly, pumping for use of mas Sutherland e affairs of America that|1922-20, when expansion ruled OPerations through the third within the financial reach Of terials and equipment in building Ave, 2021 — a a ee tne ways of Main Street and Juarter; record automobile pro- , builders and developers. He also for warm climates. Broadway, ! tism before it, (Wall Street. Suton; Acard me Jolding This snug dwelling at 1510 N. Grant Ave. brought new home-owners to the Indianapolis scene (suggested bullders consider the, The first issue is devoted to in Keystone tound-onlidence isn't sudden trae HS any fav Grable earnings and, ovis month, Mr, and Mrs. John E. Leach purchased the home from Mr. and Mrs. Forest Pardue three (architects who merchandise skilliFlorida architects, full of ads and Ince Ave. 21 The new-found confidence isn’t su : i nd reports, R , . { 1 "in es that| 4 ‘Wolf’ Calls i. Smuative result of too many “wolf”| With so much of this good news| weeks ago. The sale was handled by Mrs. Grace M. Jones of the Bob Graves Co. Mr. Pardue vd Une adie. Hntangit iy ticles ‘as sudern 88 4 Petre 5528 Carroll calls. Ever since the stock market break of September, 1946, the now behind the market, some of operates a cleaning establishment in Lawrence. Mr. Leach is associated with the Lesh Paper Co. and cement.” The periodical has “Flair” (new sale with / cries of “recession” have been more vigorous than correct, the analysts wondered what could Ars : : : . The result, Mr. Coogan prom- woman's” magazine) and flash. 5466 N. Pe Demand for goods and services has shows, Wnexpeeted Vitality, javelop Deas 18 had Wp pride. HAT Ih HE be i 3 ! jued, should biing ihe ben ou tVertical pagetull art, Rall pages Sto8ssale w in the faces of strikes, declining exports o . 8, products, an empo! "Pro- and an onion-skin opener into hs intermittent slumps in various in- . . hoe . on Ee oa: | 1avorable news break, some urged, Sues, 22 ueaoat homes. a pelt erent sections. ria bi Fieber-& ‘ ; ave ome ger | . er, pr | ’ i Tr! es Oe tina] Whole ' i Reach New Highs American nstitute of Architects, anry Wright, Lee Childress and | moss 1 shoes. railroad equipment, drugs’ Earnings reports in the first, Good industry news helped the starting on the other end of the mara Stoller and has an editorial Place and cosmetics, air transport, rail- quarter support the point, The leading issues from time to time bridge, agreed to appoint a com- aqvisory board with American Ine hii roading : total for all corporations is up/and some of them, including Gen- mittee to meet with NAHB rep- stitute of Architects tags after \ _Gerdenich As a consequence, business slightly, eral Motors, made new highs for, resentatives to work out a “satis- each member, Washington analysts — forecasters — are | The President's council of eco-| the year and longer. factory” fee scale. | It’s bright and new and would Keller Re: forced to cast about for a mew namic advisers has made a pre-| Speculative buying came and| Well, Mr. and Mrs. Jones, how even make good “picture-reading” 8t. and 170¢ excuse for earning their Mving. 'liminary estimate of an annual | Went in the television group with would you like Joye 31500 home in a doctor's reception room, Harry L. They've disposed of the basic rate of $18.3 billion after taxes valine Sintening as Hie ek Cape Cod, ranch, French pro-| Ee Shr er Two lots at —rt’ . p 1 rations as against|®nded. Numerous special issues vincial? AD CLUB N or i A "the $17.9 bition last er. That rec. responded jo individual news| ‘It's Big, Boys’ The - Indianapolis Advertising Pini trend. They're trying to pick lord was achieved in spite of a ''¢Ms on their companies, such as WITHOUT THE slightest fan-{Club will hear William D. Tyler, Washington those Industries which will do [coal strike which throttled down 2 100 per cent stock dividen for ¢| copy expert, at its meeting Thurs- ware St. 38 fter t thers. That game the steel and auto industries and Scott Paper, an extra for Deere fare, the National Association 0 {day noon in the Athletic Club, 34 N. C better than o . Kame ine ! 0 & Co., talk of atomic propelled Home Builders yesterday thumped: 5034 N. Cap ‘1s played hardest in Wall ruined the operating: resulta of 0. "00 mectrie Boat, and “The greatest home building " The Span | conl- ! , Street. The details, the parts, |coal-carrying eastern railroads. 20 OR. | wave the world has ever seen 18 roliton Ave. . P fi But within the totals, wide variations oc-| Wall Street was disappointed | underway.” Ford V. V Utility ro ts ecurred—as might be expected, My tabula-over failure of U, 8, Bteel Corp.| NAHB pointed to Labor Bu- Street. tion of earnings of companies which have reported so far shows to raise its dividend. It guessed n ! reau Statistics, jumped up and that the public utilities made outstanding gains. |accurately a 15-cent rise in the This Beech Grove home at 70 S. 5th St. was sold last month by Mr. and Mrs. Harry Boyer to Mr. |qown, Profits are up 17.6 per cent over the first quarter of last year =| Bethlehem dividend but this had and Mrs. Howard Hunter. The transaction was among major sales in March by the O. L. Starks | More than 110,000 new homes ( : the consequence of continued expansion in sales and, in many cases, 2° Passing I pI Jepce om he Realty Ceo. : and apartments were started last LUMBER reduced costs derived from the," ~~ = ..—98 3 B5Nickel Plate managed to eater : {month, highest number on record. installation of new equipment. Paper & Pulp .e4134 9 2igood gains A "| 4 . It exceeds the peak month of the i M The railroads, on the otherip ~~ viree 04 6 10 Auto Equipment Up all time high year. That was Ochand, suffered an 188 per cent eel ...ccoo0vev— 85 14 IT The Jyre of uranium attracted tober, 1049, when 104,300 units drop in net income, while the In- rextiles inert 94 ° 2 buyers to- CHmaX Molybdenum /had foundations dug. «dustrial companies showed a... ,. ......4+114 3 5 when the company announced it Percentage wise, starts last In the Pe mominal gain of 0.9 per sen Miscel. .........+ 1.5 25 28iwould mine np process that ele- month were 38 per cent above Incidentally, A ‘ih Tot. Indus. Cos. + 0.9 143 119 ment. Auto equipments were up February and 59. per cent more Block N. a year age a in the tirst| Railroads (est.) as ue £2 with the motors late in the week. than March, 1949. : on His pu sen ’ Hifes ......:. +17: ! ; "] quarter, business was in a down- VLE ous paint is that wide Wha 5 oe Vaiss gy a : Marsh w tal Jatisney ts . turn. This year the quarter ended, ,¢ions occur within individual opposition to make a decisive ad- the first three month 1 months totaled! : in a rising trend. The table shows ons Thus, two out of eight vance into the 1930 territory 270,000. This was 59 per cent| : Yeab 10-year changes in Sarnings| coal woes, Leigh Yalry where it is now hovering. Trading| higher than the first auarier: 5201 bh; ustries, also jand est Kentucky, bucke e . n companies in each group showing qowntrend. Among the oil onl oanued AVS cast April since| 1949. : increases and decreases over the panies five reported decreases, 1933 and the April sales total| LHappuy, NAHB said March : first quarter of 1949: t {three increases. {was the best for any month since JaTIe vere Sapecially significant, k Cos. Reporting | Fortune can veer suddenly. The january, 1946. | i: n “off sea- 5 Industry Change Up Dn. nonferrous metal companies re- Steel production set an all-time son” month. b EE RINET Alrcraft Mfg. ...-++ 08% 3 2 corded a 41.8 per cent drop, yet weekly record at 1,912,000 net! ; Fu Afrlines .....,..deficit 1 2 that showing is now ancient his-itons Automobile production fell! NEW LOW PRICES! CONY Autos, parts ....+156 14 5 tory. On Apr. 18, the price of cop- hy ahout 5000 units largely be-| Free Estimates! Easy Terms! Building Mat. ..+253 7 3 per rose a cent a pound to 19% /.5,56 of celebration of confed-| M F Every H ni Cement «.iveve. +166 2 1 cents, the next day zinc was up| ; . odern Fences for Every Home 2 : ; 1 Sook erate Memorial Day in Georgia.| WHITE PICKET—IRON—CHAIN LINK | CLEAN Chemical +..esse+17.3 18 3 1; cent to 11 cents, and lead 100K | cp otryction rose 18 per cent over| at WIRE—PORCH RAILINGS— CORl +vsssieneer—460 2 6two %-cent Jumps to 11 seams. the previous week and was 50 per Bo hE a er Li KIDDIE PENS FRE! Drugs, Cosmet. 411.9 5 2 Demand for all nonferrous metals; = oy 00 “4a (orrespondin ’ Way y boi t Elect. Equip. ...+303 - 3 1 has been particularly strong... of jast year. Ji 5 This attractive three-bedroom home at 3120 Winfield Ave. was sold last month to Mr. and Mrs. | THE STEWART IRON Food gins 40 ; F Many faunieaiarg ate Daye sara! The ofl industry perked up Donald E. Hunter by Mr. and Mrs. Reber} §. Lembeke. Te frovaction wis handled by Nak hoske } WORKS €0., ING. - eat, Plum +17. S : ’ with higher output of crude oil,| bill, realtor and builder. Mr. Hunter is used car manager for Monarch Buick Co., while Mr. Lembcke ” Maghinety 110319 i i SEaiiat 4 Josmible increase in the casoline, and fuel oil. Gasoline! is a civil engineer. , : Bredtion_S3rvies Bveiivhsre v onfer. oh: . ye supplies declined, Indicating heav-| Tm mn ~ - " a . . The automobile industry is a striking example of jer use of the fuel. | * d ® J” 9 | ey / b Still Big how trends work within trends, often unexpectedly. Railroads reported a small a e rices us eda B&O Plans 3 Day A KY BY (ur 2 Wine i With Chrysier shut down, you'd suspect that the independent com- gain in carloadings, but the total . - . Coal Exhibit Here ) a oe NCES 1d reap big benefits. But lo, the big beneficiary is General was below that of last year. Re- D { % R i 4 Bib ; Se Then Ford. tail trade was about even with espl e oaring ecelp S The B, & O. Railroad is bring ! The statistics re-emphasize the dominance of the Big Three. a year ago and slightly above the| o . a {ing its bituminous coal exhibit to Last year they did 86 per cent : previous week. Wholesale trade; CHICAGO, Apr. 29 (UP) have heen selling unusually €108¢| town Tuesday for a three-day of the total passenger car busi- Which moved up from less than held above last year. |Cattle prices kept going up this to butchers and a downward ad-| go ness—G. M. 43 per cent, Ford 21/1 per cent to 1 per cent. Hudson ——————— |week even though supplies here jstment was in order. The top| cl ate M. Groninger. 1 traffic per cent, Chrysler 22 per cent. and Packard are still down from b L d |were the second largest of the, oo... oq $17.50 lal roninger, coal tr J Rest oe dawn 6. M1 last year's percentages. Soy eqns eq 'year to date. | p y . : “ A) anager for the road, will tee selling B54 per cent of the pas- a G ’ Ad : The ‘closing trade Friday was| AS in the case of cattle an {off the heating exposition with : ‘senger cars, Ford 30 per cent. Producers’ Council rain vance the highest in the past five days hogs, the dressed outlet for lambs! pe juncheon In the Claypool : “The Big Two is doing almost as To Meet May 8-10 CHICAGO, Apr. 29 (UP)—8oy-/and the highest in many months was higher but at the same time 1ote1 Tuesday. much as the Big Three—84 per Thats Special \bean futures were out in front on common to low-good grades there was 50,000 head more sheep mpg railroad wants to help the , ‘cent. ‘ad nth oh WASHINGTON, Apr. 20-Two of a general advance in grain Which sold upwards to $1.50 bet-|., 4 1ambs at twelve market cen-|retail coal dealers compete with Among the nCapen Studenaker| Architect officials and a govern-|prices on the Board of Trade this ter than last week. ters this week. The count here oil and gas, Mr. Groninger said. have been sco y \ment housing executive will head- week with the May delivery sell-| Chicago packers and eastern 12.100 S—up from 4.4 per cent of ale line speakers at the Producers’ ing for nearly $3 a bushel at the buyers, spurred by a good spring Was 12,100. I zi in 1949 to 5.1 per cent; Nash Council semi-annual meeting. here highest price for this commodity demand for meats, concentrated, Steady prices, the practical top YOUR CABINETS BUILT from 2.8 per cent to 4.1 per cent;i\,.. g ,o in nearly two years, on the good class due to a short- for wooled lambs at $27.25, i and Kalser-Fraser from 1.1 Peri p,)., waker, president of the The only grain not in the up- age of choice kinds. The Week's ijoared the whole lot. The ex- to suit your needs LO! cent to 1.8 per cent; and WIIIys,| , oi an Institute of Architects: ward movement was rye, Every receipts totaled 36,900 head t t Iv in th : od | Jamestown White | FENCING H— ‘Raymond J. Ashton, past AIA other commodity sold at new against 29,739 last week. Teme op early in the period was| [oi Kitchen code . Material On en SE | | president, and Richard U. Rat- highs for the season, the peak of| Hogs also faréd well this week $28.25 but the advance was soon [insets built and in- | ORNAR cliff, director of housing research, an almost unbroken week-to-week jn line with steadily higher 05h | “alld - Smaty ” | rE | Housing and Home Finance advance in grain prices which be- wholesale pork prices. Barrows - { State- Wi

" . | | Phone tor estimate. (Agency, will address the three. §an more than a month ago. ang giits weighless than 250 sold Notes Cement Profits (day meeting. | Soybeans continued to pace the mostly 50 cents higher. while | NEW YORK | Delegates will- study methods climb and twice this week jumped heavier kinds were steady to 25g i Y d , Apr. 29 (UP)—| ito speed introduction of new and 10 cents a bushel, the maximum cents higher, Sows, however, | qe es gr profits of Lone Star improved building products, hear dally limit, in-a single session. |were 25 to 50 cents lower. Cement ay Snirved in the| 'of new developments in mort-| Fresh in the minds of traders! Ap influx of sows from other| quarter of 1950,-R. A.-Hum-gage finance, promotion of home Wa$ the fact that last year's crop markets undermined the trade Ine » president of Lone Star, in-| \ownership and progress in build- failed to cover demand and a nere but then too sows recently [0TMer stockholders today. ¥ ceo SCAPCILY- developed ~before-—July: 5 er TCA

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“ CB Bah corp mos fing research. Thi ’ bout th FEN | ; | errr - a 8 season's crop was ahou e GARAGES |] [same as last year or 222 million ARMSTRONG'S * CE ET WAY Bi a : BUILT CONVENTIONALLY bushels, AS PHALT TI LE : ON YOUR OWN LOT Corn and oats sold at new, . : ; ] SFT-QUR FRICES {highs for the season as late as Tp (Friday and at times earlier in the, AVAILABLE week,

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