Indianapolis Times, Indianapolis, Marion County, 4 June 1950 — Page 40

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Outlook in the Nation—

Present Trade Frenzy _ Might Presage Lull

“Whole Host of Commodities Has Advanced Anew buf Pace Seems Geared Too High

Be By J. A. LI FUN’ 8 FUN. You can almost hear the _ scrap at Pittsburgh is.up $3

But too much is too much.

VINGSTON

Ar eR Hr

crackle of rising prices. Steel a ton to the highest level in|

LYeAr. and. A. half--$42... ZING. pushed. above. 14..cents- i tc] pound. Copper's above 20 cents. And International Nickel %=

Co. has marked up nickel to 48 cents a pound from 40

- cents. A whole host of commodies has advanced anew.

The Bureau of Labor Statistics’ sensitive index of 28 , 0 ties Is at a peak since "March 1949. There's a dis-

—quteting —ireney: Better t- | | ‘The sheer hugeness of ‘America’s great productive capacity is a warning. Who'd have thought, in|

Optimist

, now, “tomorrow “prices will be |

ty wheat, cotton, print cloth, with America.

higher, The unanimity of the upswing| Seems to Buggest that all's OK Rubber, wheat, |

{demand is univgrsal, unleas the! foundation underlying the economy is firm. At least that's a {tenable argument, Yet I'm beginning . to wonder: Is this t Tat §AIVO Berofe "retreat?

Bo Braves Lists |

or that in June, 1950, we'd be producing passenger cars and trucks at the rate of 9.5 million a year? That's 50 per cent higher

Among to eoperies void fr theloet 30 doy by the Bob Graves Co. TICS ir was and Mrs. Edward R:Pacak William C. Reed. Mr. Pacak came here from Duluth, Minn. te Joga, steers, hides, sugar, shiefiand nickel don’t advance uniess| Electric Co. Mr, Reed is ‘local es for Danner Brothers S and 10-Cent Stores.

Delaware §t. Home Changes Hands

“dwilling at EB

Roll Includes Two

than 1949's output; 75 per cent higher than 1920's, ‘| The bravest optimist: would hesitate to suggest that Americans, |

even with the record-high income,

vehicles every year, Particularly gince today there are 45 million vehicles crowding the highways and city streets, as against. 37 million in 1947- 34 million in 1041, and 27 million In 1029,

-Burely, we're approaching a tem-|

porary saturation level. A similar analysis can be made] for ‘housing. So far this year, housing starts have run at a rate of more than

Space Pressure

ture, and so on. If a slump occurs in autos or the gap? 2 X To be sure, we're in the process of expanding military production, of shipping arms to Europe, Businessmen are installing new equipment to increase productivity. The result is a rise In machinery demand. Even industrial plans to expand capacity are being revised upward. g had thir ey havng their porary fill of chases © Shoe

Eo alt 50 for instance, is about 4.5 per cent ahead of last year. Thus, the bottom is hardly likely to fall out of the economy.

At the same time, it's well to

Too Fast?

men anticipated a heavy on cash.

mild in that it

But to me, a 38 million ears, 1s

the economic drop in output to a lev

Cattle attle Prices On Short-Week Supply ium avd wicioe od

CHICAGO, June 3 (UP)~—Cattle prices climbed as much as $150 a hundred pounds here as a short holiday-week supply and good demand for dressed beef pressed buyers. Hog prices “fuctuated wildly during the four-day Memorial Day week but butchers managed a small net gain compared with last week and established eight

BEAUTY L-9% Satin Finish. % Handsome Streamlined Sections

could _absorh. that many. MOLOr. cent -higher-tham fr-1946-38-perrand-that's-OK with- Bob

Surely the pressure for dwelling space! is likely to subside, at least temporarily. In that case, a lull in bullding may occur. And with it would come | the 12. a drop In sales of ranges, refrigerators, plumbing equipment, turni-|' “0 transaction among

, and therefore went easy on Inventories, ier ¥. Portzline from rp od is now that inflation and expansion nrg Paul J. Kitsko; 1818 E. Ohio Ing applicants: be taken TIE don that speculation is becoming ascendant. gy Mr and Mrs. Wilfrid Kelley! ACTIVE—John P. Main, 2301 & Seonomy. paced by an automobile output of (from Mr. and Mrs, C. J. Lindsay; | Elizabeth Road, recommended by

‘Chain’ Transactions The sun's been rising earlier] Graves.

cent higher than the 1925 peak! It gives him a longer day. It during the housing boom of the puts his properties right in the! ‘twenties, and 150 per cent above spotlight . , longer. 1929. : | Bob Graves specializes where Conceivably, we could pile an- the sun rises. That's East. And Lother million or so homes in 1951 that's beaming Bob--Mr, “1 Bpe-| on top of the 3 million-plus homes clalize East.” {built during 1948 to 1850. | In the last 30 days the sun’ A | There's still overcrowding in been up on 12 of his listings. And

1,250,000 per-year, That's 22 por!

|eities, There are still a lot ofibefore the sun's set, the proper-| obsolete “dwellings. But it's no ties were sold. | certainty. His sales report for May in-|

[cluded two “chain” deals—sales and purchases by the same clients ~iwo cross sales and one farm

One of the chain sales involved Mr. and Mrs. Howard R. Hert: in housing, or both, what's to All wee They sold 1082 N. Basil bear In mind that hard-goods [Ave to Mr. and Mrs. Richard E. booms have a way of fading |McCailley. And then the Hertfast. Remember 1987. The fact j'wecks purchased a home in Windthat steel production, since the |sor Village at 6237 Raleigh Drive! war, has run close to 100 per: {from Mr, and Mrs, George R.| cent of capacity, aside from {Jungkind, who moved to Cincin-!

strikes, Is a cause for caution. nati. Steel feasts don't usually Inst | Buys on E. Washington so ‘long. | Mr. and Mrs. Fred W. Koke-

Nor can the present hectic rush | miijer purchased a dwelling at of steel orders be regarded as 8 1453 £. Washington St. from the sign of continuin m.. Stell ogiate of Henry G. Dammeyer orders vanish as fast aa they ap. after they sold 2.5 acres on the pear, They. depend on Sales. of qq other ‘goods—of autos, of refrig-i,\... Arthur C. Hall. erators, plumbing, ete. If id Other salés included the pur: and housing production drop, so be Chase of a residence at 2114 N. will steel production—you can be... in Ave by Mr..and Mrs.

sire of that, | George W. Matson from Mr. and

reason that the 1949 readjustment was 80 Mrs, Lawrence M. Steele; 4345

and Mrs. Wal-|

was so well-advertised: Business- gngiish Ave, Mr, Mr. and

Such 5025 E. Minnesota St, Mr. and Mrs: Carl T; Schiller from Paul| BE. Carr and N. E. Miller, and|

100! gtx million cars and trucks. a readjustment would not be as ‘easy as the readjustment of 1949. | a aioaiany if accompanied by a

of letdown in housing.

Edge Ahead

{Edward R. Pacak from Mr, and] we | Mrs, William C. Reed. One cross-sale included & property at 354 8. Arlington Ave, owned by the heirs of Grace]

months’ high of $20.50. Last was- completed with the Frankeweek’s high was $20.35. {Padget Co. Salesmen were able to recoup a| The other deal was with John one or two session decline in Main and included a property at butcher prices when ouflet broad-| 830 N. DeQuincy St., sold by Mrs. ened in the week's final market Nelle Durack to Mr. and Mrs, day. Sows, however, depressed by Pauli E. Just,

more new crop offerings, closed Se CoS S—————— Officers Hecred

25 cents lower. Receipts of lambs both heres and By Sharon Steel SHARON, Pa, June 3 (UP)—

at other markets were & good deal short of last week's run and re-| sulted in a steady to strong price 1, A. Roemer Jr, has been trend. But sheep sold $1 to $1.50) elected president, director and lower and closed $2 to $4 lower! member of the executive commitfor the past two weeks. [tee of Sharon Steel Corp, Most of the advance in cattle] announced today. was on slaughter steers and year-| He succeeds Henry Roemer lings which sold unevenly 50 to|who has been chairman and pres$1. 315g nigher - --{ident of Sharon for the past 18 years. Henry Roemer will con- | tinue as chairman, it was pointed { out. At their meeting yesterday, directors of the company also elected A. M. Tredwell Jr, to vice president of the corporation. He has been assistant to the {president and director of personinel since February, 1949,

Shelbyville Pike to Mr. and’

L717 F th St Mrs and Mrs: tr, Walt-Veon and Fay €.- Cash:

it was/

“purchased by Mr. and

Among ma three-bedroom Eich F. M. Ford. Purchasers

resid

Epstein Brothers here.

On 11 New A hcalions

Directors of the Indianapolis Real Estate Board will rule on 11 applications for membership at their June 14 meeting. “The board's. membership -com-i-mittee approved five applicants for active classification, four for junior and two for association standing in the organization last week. The list, as submitted by Membership Committee Secretary C. Scott Padget, includes the follow-

Jack C. Carr and Guy F. Boyd Jr.

Edwin ¥, Martin with Gl Carter Co., recommended by Gil Car-

Robert M. Murnan with Fred T. Hill Co., recommended by Fred Hill and Fred C. Tucker Jr. | James A. Pennington with Jack C., Carr, recommended by Mr. Carr and Mr. Boyd. B. E. SBagalowsky, 1105 Prospect 8t., recommended by Howard Fieber, John W. Roberts and Howard W. Wills.

times” in Indiana.

‘ties

Seeks Com Complete _ "| Continued from Page 50

Public Works Picture [28i0%, P- C: (public butitings

agency). The federal government is fluft- Mr. Follin spoke - here last ® ing br cushion against “hard month DE tae lefl’ and will before the Building Officials Conference of

Through the Community FaclllAmetiea, Inc., meeting here this

Service, the Housing and Home Finance Agency wants to wee

"Modern, Architects Say

know “what's going on” in non-

3 ek. Follin

said, and will un-

to that, Sure, the directors and

tivities, but before hand they'll picnic around the cabin and maybe build a bonfire afterward and just make a reatul Hoosier Gay} of their Juné. a

right on the ridge le into the ; hills o Ni The mont! won't be an ulinels. Bill Keller's seeing

officers will pour over board ae.

to be associated with the Western

or realty sales during the last half of May, this

the home at 5715 N. Delaware St. were Mr. and Mrs, Maurice I. Epstein. Bob’ Dinn of the American Estates Co. handled the transaction for Mr. Ford, associated with the National Cash Register Co. and Mr, Epstein, associated

was this eye-filling i from Mr, and Mrs.

ence was sold by Mr. and Mrs,

with

JUNIOR—Dorothy D. Guyot with —Butterworth & Teeters, recommended by Robert Butterworth and Hugh A. Teeters, “Robert H. McKinzie with Driscoll Realty Co., recommended by Lorin Driscoll, Carl G. Seytter and Willlam H. Keller Jr. "Clyde 1. Seaton with Haynes Realty Service, recommended by Lewis A. Haynes, J. Arthur Rentsch and Joe Rentach. Harold W. Vénners with Minton Associates, recommended by

ederal publi The Service

BAL, SAA. She BAUGH AV RRR

can't afford

shelf of a up, going up and

planned, They want that library

insurance against any burst of the construction bubble. That's the explanation of the +Service survey going out this week to all Hoosier communities above 2500.

nts 1947 Check Questionnaires will be mailed by the Service under the direction of Raymond L. Pike, district engineer for Indiana. Besides Serving us WTENETVOTT of information against hard times, the survey will supplement a publie works check made in 1947”

of plans as a measure of work The owner and the financing in-

bulk of our housing and erect new structures in its place. . . .

stitution certainly are not going

to write off thelr equities. . . .

present values. This . . . is in. tensified by the td doubling of housing construction costs ‘in the past 105 years. » “A STRUCTURE +» +18 too valuable to be torn down if it is

minimum expense . . . and end up with an investment which is less than brand new construc-

5 tobe found to |ar

{John D. Case, J

sound; or THN be made Bound at]

“Tpreparation of

~— By Tax Institute

tion,” he said here last month. “I do ‘mot propose this deyelopment as a cure-all for all

Mr. Pike said. ~The Service is administering the 81st Congress’ second advance planning program designed to en-| the bad housing . . . but there, d local public! should. be _&_Drogram. Jor. ims... omplete the plan provement of a whole neighspecific public, borhood which should fit in with

earth; Bill ae wg The invitation’s out to Bric

Robert E. Walker, George H, Dirks, A. C. Moldthan and Mary H. Binford, exécutive secretary. It’s one meeting where 100 per cent attendance is peastieally assured. i

Warning ‘Number 1 WATCH FOR more moves against’ “designer-builders” prace

county, That injunction suit filed by the

Indianapolis contractor last week

! the broad plan for develop- | ment and redevelopment of the entire community.”

works.” From this information and re-| quests by Jocal agencies, the Serv-| jee lends funds to enable comple-| tion of plans for public works| thing the Associated North Side projects. Money is refunded with. Realtors are following in their out interest when projects hit the search for a dwelling to reno-stick-and-stone stage, Mr. Pike vate into higher property. valuasaid; Several sewer projects in In- tion here. dianapolis are receiving this kind vey forms have bee Back fo Earth v n| mailed to communities with more! lu RECT DRS 23 ofnéent i than 25000 residents, to state getting thelr feet back on Hoosier departments and major special o5i1' June 14. districts to expedite the collection - That's not of data needed in the final reports, saving the boys

Mr. Pike said. work “up in the

‘Conference Planned board's

jup in steel and NEW YORK, June 3 (UP)—The' ‘concrete, the InTax Institute, Inc, today an-land Building. nounced a two-day conference on|And that's sevtaxation and business concentra- eral blocks away tion to be held here June 15 and'from turf, the 186. Istuff they sell The conference will be ad- and build on. dressed by 30 outstanding author-| It's the idea of ities from the fields of business, Bill Keller Sr. to get “down to ‘economies, law, . accounting and earth! government. All will consider; The board chieftains and their the question: “Does the presentitribe will be his guests at the tax system foster concentration Keller cabin in the Mt. Nebo area of business enterprise?” {in Morgan County. The Tax Institute is a national] ® = =» tax research and educational or-! THAT'S where Mother Nature's | ganization with a widely diversi- architectural gem—Brown County fied membership in all sections of hills—start building up. The the United States and in several Keller cabin, foreign countries, —-

Mr. Keller

ters.

Louie Moller,

|associate the Carter-Lee Lumber Co.

Fades Rugs and od But You Need Not Worry If Your Home Is Protected

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Shows You THE DIFFERENCE jm HIGH so LOW PRESSURE

BURNERS AND INSTALLATIONS

WHY. WINKLER LP

James W. Minton and Mr. Tee-|

ASSOCIATE—Lou Feeney, American Transit Advertising, Inc., recommended by Fred C. Tucker. and IL. H, Lewis, . 1} Anderson Lumber & Supply Co. currently an member representing

SUMMER ll HEAT oh

Built To Provide Constant Circulation

SIX

p—

a ———— RAMA

Will Save You Money

And that's sound advice. Some-!

| a mile off State 'Rd. 252 east of Martinsville, is]

JOHN FARROWS

MAUREEN O'SULLIVAN AND THEIR

THEIR CONVERTIBLE ALSCO STORM WINDOWS

With-Alsco-Lfefime Aluminum Screens —|

was just fair warning that more

are on the way.

The architects are out to pro{tect their pocketbook, the public. They're fighting against shoddy architecture and construction. Too many contractors and designers are masquarading as architects, toying with lawful building standards désigned for public safety. “There's no guesswork In structural plans when an architect. computes bullding requirements,” said Donald E. Compton, president of the local American Institute of Architects branch. “Buildings designed by architects are in conformance

§ | with lawful standards for pub:

lie safety.” In adopting a militant stand against “unlawful practitioners,” the Society rapped lack of enforcement officials to investigate “this situation.” And because of this, the Soclety is investigating, exposing and enjoining unlicensed “archi. tects,” hoping to discourage other {violators of state laws that establish the difference between an

Policalarm ~ Radios F. J. SIENER LUMBER CO.

317 £. Stale SE. CAL 1428

LITTLE FARROWS

ticing as architects here In the .

architect and a designer-builder, °

(rn

John is pleased os Punch with the installing WEATHER-LOCK that gllows the: FARROWS to enjoy more comfort with less fuel. Maureen thinks GEON is ‘wonderful because it Seals Out street noises so the babies’ naps aren't dis-

turbed.

HAS THESE EXCLUSIVE FEATURES

Demonstra-

Typical Ideal for Cast or fiteel Furnace

CAPITOL CITY HEATING

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Refi inishing — Cleaning

" Cornices and Traverse Rod

tion at

| 364s hin ATI6H

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VENETIAN BLINDS

CIRCULATION SELECTOR QUICK-AS-A-CLICK SELF-STORAGE

GEON WEATHERLOCK ALSCO EXPANDER

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\ Gentismen: Without eblization, Gentlemen: ¥ o a ion. ese see that Convertible Windows and Beree:

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SOUTH EAST ST. ‘

MESA RSNA sates ass rr aRN ERA RaRRAR. tam

Ehalkrdddipeians 1

R.F.D.

On So TAKE SC - and plant 8¢ in it.

1: “Then ad transportat

ter hath the Southes This Hvis offered by local dealer Indiana bc

THEY'RE neat, colorf homes-to-be in-the-maki in The Tim They'll sl

These dwell of four com and 20 mc shovel with The “nei; a 16.5 acre mond wii pra north of th And bes transportat developmen 4in ‘price ra sonality,

THE GU be two and current Che sell betweer from $275 | “And th cludes the tablishes a for the ] Riley K. VN ager of the The first Paul St. a be rese: “Straight will be avs ings, Mr. N The rem borhood’™ © GI or Feds tration Ins

THE “N front on t improve thres bloc! developmer Excavati St. Paul an way. They and sidews

801 |

oO es i

CEE

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