Indianapolis Times, Indianapolis, Marion County, 11 June 1950 — Page 46

Trial Balloon Bi

. returning sellers’ market, 1 . well above the 1020 level of 18

Str

far, in the post-war expansion,

hesitant. Speculation was moderate. Forebodings, like an ounce

Oulook I oe Nation— Economists

~ Length of U. S. Boom

‘Country Back Where It Was Before

Industrial Readjustment of Last Year

By J. A. LIVINGSTON THE VIEWERS WITH ALARM--those good but wrong people who have done so much to prevent the post-war boom from explod-| 3

ing into a bust-—are viewing again.

new-blown confidence In a ridinghigh America, The outstanding fact about business is that we're back to where we were before the 1049 industrial readjustment began. . The Federal Reserve Board ne dex of industrial production’ is estimated at 103 for May and, bolstered by high auto, ‘steel, and Tistng | textile Jrodiesion. is Mkelyl be u agdin this month,

; At a-meeting in New York, a group of economists shook their| © heads. Meaning: How long can doubt and fear, stock and commodity markets hilithely reasserted!

“HAWS which ranks ninth among the country’'s stesl makers, has boosted prices §3 to $7 a ton. In view of the jump in the heavy melting scrap price from $20 a ton last summer

i ‘Hogs Reach

Guertin

Sell at $20.65 During Final Market Day; Cattle Trade ‘Lags

this last? Yet, through all the' CHICAGO, June 10 (UP) ~—

The post-war high was 195 in| 10 15 cents to sell Tor a new 1950 October and Nuvember, 1048. high of 320.85 a hundred. pounds

during the final market day this And unemployment has declined

week, ito the lowest level in 13 months.| But while lightweights advance, High school and college grad- medium weight and hsavy Buiteh. : n a Halas How JYug la hea load two-way market affair which find the job market a lot more left joie prieas higher and some Tower for wee asthe than | it was at this Mme... Butchers under--330"" pounds: Hunter finished the period mostly 25 to 30 ents higher while -hamvier weights and sows closed steady! to 50 cents lower. The top of {$20.65 paid Friday was the high-|

is electric. Sharon Bleel

to $48 now, Sharon's action is a “trial balloon,” a test of the market. est of the year and since Sep-|

If the price sticks and if demand for steel continues «to top!

supply, other producers, like United States Steel, Bethlehem and Republic, will follow, There are other outward | signs of bulging demand, of a

cents,

r Is now 2214 cents a pound which during the depression “would never be seen again,” In 1032 and '33, copper sold below 5 cents, The - high target now Is the hriefly |

REDRESS

strued a weakness, Retatlers report

desires at once,

rators, washing machines, vacuum n_ cleaners.

goods—refrige friventories begin to pile up? Will business suddenly discover Amerfea is temporarily bought up? Maybe we'll be lucky again. So

the country has besn protected by its caution. The 1048 stock market break seemed like an “omen” of disastér., - Businessmen were

of prevention, can be a powerful cure of industrial excesses. We've been luel too, he cause post-war ‘Dusinese’ hen occured serially

# No charge for inspection and commitment :

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Llane.

lover into farm prices,

{sult of advances in steer and hog

ngth vs. Weakness

Production booms along as if all American “manufacturers wanted to do noth

“may Increase,

|boom year in 1951. Apparently,

2

-tetirrent- from the -convector- willl water and the

tember. Supplies of light butchers were | but sows came to market {in unseasonably large numbers American Woolen has raised [and this adversely affected the! men’s wear worsted prices and !price structure of both | sows and won't book orders beyond fall. ihe heavier butchers — The general upsurge has spilled Cattle Trade Poor

Beef angy Y Also governed by receipts! pork are rising at retail as the re which were much larger than the|

previous Memorial Day week, |

attained World War 1 peak’ of 86 cents,

|quotations. The housewife is NOW! _ ttle’ met an unsatisfactory be t * " ; ' . i [peatnning 0. “pay” for renewed trade from the seller's point of. ! | view, The very strength off Even the average good and

Jusiness.. can... be...cob- better. grades. .of.. down BO cents to $1.50 for the} week and all lower grade steers and typical yearlings were either | 50 cents lower or only steady. Cows and bulls ruled steady to ==jewelry, furs, radios, comle {25 cents higher but vealers, good | books—one after another. No [and cholce inclusive, lost up to downward plane in unison. {$2 and Sue all to medium sold | Wher’ {steady to $1 lower. textiles ware slumping, A seasonally increasing supply the. automobile Industry ex. brought the value of spring

lambs down $1 and old cfop shorn And housing picked up. And |lafibs sold. 50 cents lower. But | now, what can take up the

slack when motor vehicle proquetion fotlines from its pres- ir ent supero rate of ¥ mi | lion cars and trucks a year? | Brokers’ Institute Or when and if housing slumps, Adds 159 Members as well it may next year? Times Special armament expenditures. xgpNGTON, June. 10-~Thellh

Perfiaps soft goods buyi National Institute of Real Estate hg wil} improve. Par. Brokers yesterday announced the

an oon] Eovernmone ably) state laqdition ‘of 150 members to its)n tinue to rise. Perhaps business roster, bringing its total memberwill spend money to modernize ship to 8832. plant. Sumner Stichter, Harvard |, The new MSIIheH, were Irom economist, who has been consis- 28 states, Cana 3 an . ptently bullish and right since the hine% Put included none from Ine ana. end of the war, predicts another The institute lists among its

chief objectives the raising of ethical standards in the real estate brokerage profession and clearing of the road to home ownership by the American people. It is.an affiliate of the National {Association of Real Estate Boards.

Con “Should Reduce Washing Tol

FI

ing else but gratify all consumer a bit of choking up on durable ‘will

higher with 150-pound ewes up [the most,

he figures there's plenty of fol-low-through to the present advance, Yet the day will certainly come when this trend will run out. And| we may be approaching that time.

Tapas

New 1950 High b

TAght “huteher hogs soared 10

-BAO0LR WALES aren't ~AIpPing: EE

sheep held strong and 50 cents putation, broke down the trans-|

THE INDIANAPOLIS TIMES _ Homes

"A vouont real wiles sale Involved this properly

at

Lyndhurst Dr, The two.bedroom expandable type house,

adjacent lots were included. . Thomas D. Muns, whe bought

the

New. owners ars Mr. a and property from Shaffer, piano teacher. Mr. Muns is associated with LaRosa

ri The nd was | handled by E H. McLain of the W

sre germ

Nort Side Sales

Set 25-Year Mark

$1 Million Total Topped in Two Weeks’

(Continued from Page 45) i [throughout the county” said! iWillis Adams, ANSR vice chalrman. “People are building, realizing that construction costs are not coming down. And people are buying, knowing that existing prop{erty price tags have firmed and Ra Mr. Adams also attributed the) {brisk market to the ingress of {new industry, bringing new resi- | dents. Individual realty firms as well as ANSR brokers, reported

high activity during the past two - -

weeks, Transactions Listed

The ANSR sales ist, submitted {by Secretary C. Scott Padget to the Real Estate Board for com-

| 8t., 330 ¥ ua Ave. 3371 N. Tacoma fag aves 34d & 2° ial Ave., nn ng Lot n wr y hat follows: soo x. as me. | Todt BUR dition, “Ioth Bt. and AWALe Bt » in Dei t. Bl Fri Anfndaitis Bs "fh, blu ne pee Fie snmaore and two mg 0s Sin E ter erat Lo . Wor" ay a is rom 8 Aida "ne TAVES, and Ha Js % B i oN ast Brive an a oath Voodrid 3 Ia Vou gi REE sales wit! erican d i t y ort! Hed on RI

ekinghar

he 3% a : at 4 gekingh nd

red

pled,

Ave. Befmant Ww. eh nineties st 102, 24 Temple Forest Manor, "108 Luett

Ave,

an . St. and Rd. 52, addition, #540 College Ave, with Wills Adams, and 93d 8t, Rd. a Jon sale with Russell | Fortune i Fay Cash—Lot 11 in Em blegrade ad- | dition, Cot 105 in Canterbury. addition in| eo with Warr ren Dns on, anda Rey 2 Hels erdenie ality & cross sale with Robert A. WH Graves, y Ino. 8.

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