Indianapolis Times, Indianapolis, Marion County, 25 June 1950 — Page 42

depression,

Coun

in the Nation—

ymp Follow Boom?

Sie

Answer Hinges on Ability to Prevent Deep Decline in Production, Employment By 4.A LIVINGSTON © YOU HAVE TO GO back, farther back in American

‘history than reliable statistical records go, to discover any-

thing like the industrial boom we're now having. : “Not even during and after the Civil War did the United States expand so persistently, What's more; the current! se boom sweeps on as if unstoppable,

will never be broken.

Since the start of the war in Europe, when U, S. PTO" started up in 1861, two months

duction first responded to thei...

spur of munitions demand, business has been in a rising phase

as if to set records which

Beside that, the Civil War M8JOF boom is pallid, Industrial volume!

ictled on serateh | professional white-on-blue are ad{ding to the brisk realty market, | lots—lots of = 8

at Gong Fast

North Siders Sell

13 in 41 Transactions

Hoosiers with home plans penpaper and the

They're buying

ilots. That's _shere the built” dwelling will go. | The spurt in purchase of raw reage was reflected last week in the sales report issued by the!

sustom |

Associated North Side Realtors,

realty organization,

on Fort Bumter, dnd lasted, With June 17, t This sales report was also

about 80 per ceiit of the time, ititerruptions, into 1873. The war! We've had 102 months of indus- and post-war expansion embraced

trial uptrend as against only 24 98 months, offset by 50 months ‘of contraction,

months downtrend.

After World War

Second Highest Week — il Associatidn brokers reported 13 lot transactions among 41 realty T General Beauregard Tred yuies made for the week ending]

among the highest of the year, only one under the weekly top of |

involved

The World War 1 expansion, another near weekly top.

which lasted into 1020, com-!

prised 121 months. But there were several interruptions, notably 1920-21 and 1923-24, and 1028, covering in all 53 months, During the Civil War and World War I up-cycles, there were, F2dget, included the following

roughly, two months of expansion to one This time, the proportion i8 four — The question, implicit in the AVe. Butterworth & Teeters -- Lots 25 and 20 in Westfield Heights] {6349 Cetnral Ave. in a cross-sale|

to one. But fhe increase in in-

dustrial production from the start foregoing, is: Will this boom in-| of the war to the peak of the evitably lead to. another major depression? Or, can the country,

expansion was greatest from 1914 into 1929, 190 per cent, as against! about 50 per cent in the Civil War| period, and 70 per cent to date] during this boom. The Civil and World War 1 booms disintegrated into soulgearing depressions. Civil War collapse

The ANBR tabulation, submitted by Chairman Warren M. Atkinson and Becretary C. Scott

month of traction. transactions: month of contraction. “wills Adams — 3238 Central

142 made in March, Dollar-wise the! transactions

as Secretary of Labor Tobin de- With A. H. M. Graves, Inc, and

|clared to a meeting of the Inter- 3010 Englewpod Dr. In national Labor Organization in Sale with W

a Cross-;

neva, Switzerland, escape? | Jack arr—3554 W. 16th Declared Becy. Tobin: “I do n. : vay dg Ty not believe we will ever x. | JeAley 2 ta sver again oxy 'N do Ave. 1305-07 N.

The ~post-|Perience a major depression such lasted 65 M8. We had during the ‘thirties.’

months, from October 1873 to ANY persons or nations who make

Magch 1879.

(their plans on the basis of an oo . {expected collapse in the United the F. C. Tucker Co.

Production skidded about 20 giates are d ; . per cent. But since the American ment.” Homes to isappoing

economy then was largely agra-| Mr. Tobin a dt in rian, the drop in wholesale pera M economic Arfueq Hat: social

amounting to 40 per cent, more! since 1933 would prevent econom-

truly- measures the nation's eco-| nomic distress. =~

symbolized by

stock market crash of 1029, lasted of 1946, under which Washington 45 months and. production de- can be expected to act when and

clined,

dealing with-a slump has

_\if an economic slump occurs...

Power of the Boon

LaSalle st.

emity Ave,

Thomas F. Carson-—264 Ridge Rd. and 6524 Cornell

cross-sales

gisiation enacted Estates Co.

R18 E. 14th St. and 1116 Hawks Lane and 5532 in cross-sales

Uniwith |

Blue Ave,

with American

Fay CO. Cash ~~ Property on

75th 8t.

Gerdenich Realty Co.

: [lot one, Arden Annex. Yet, no real test of the gov | A. H. M. Graves, Inc.—3309 N, ernment’s skill and agility in Tacoma Ave. and 5649 N. Oxford yet -occurred-to- justify -ati-out assurancs: St. in a cross-sale with W. 'L.

The readjustment of 1949 stopped almost as soon as it gof started. Bridges & Son, The government never had a chance, never needed, to intervene. That was primarily a soft-gods recession.

What, however, will happen, if | ‘a serious hard-goeods recession -occurs, if the up on housing, automobiles, refrigerators, washing machines, and such? Will the government manage to prevent any deep de-| cline in production and employ-

~Mennwhiley the power, the

etal the current hosm' is re-emphasized -by the Intest reports from the capital goods Industries. . Machine tool orders have risen to a four-year high and. shipments are at a year-and-a-half peak, 2 : This Is In keeping with the reneyved uptrend in capital ex- _ penditures by business. Affirming this, May sales of copper were also at a fouryear high, and the demand for steel, continues unabated. Consumer expenditures, notably on new homes and automobiles, make the wheels turn, New

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(tains, carpets, and so on,

Homes require all

{able equipment--plumbing§ refrigcountry ia bought eration, stoves,

® Fuel Savings More Than Pay |

Knight Realty Co.--5236

Illinois 8t. north of Westfield d. and Pennsylvania St. north The latter was a with Harry L. Robbins

-Part of]

try Wonders: Will Custom Trade

ic_disintegration. He, referred to; Rennavivan 81. south _ot.86th. ‘unemploy ment compensation, 2 The post-World War I great farm price supports, old-age pen- BY

the sions, and the Employment Act °f cross-sale

Realty Co,

E. 16th

8t., 19068 Tallman Ave, 1502 W.

eh stems (318t ' St, and 1205-07 8, Concord kinds of dur-'8t.- ins Sirs has Harry L. Robbins Realty Co.—|

Two lots in the 7600 block N.| Besides that, new home-owners Meridian 8t, one in the 7500 block!

are apt to buy washing machines, N. Meridian 8t. and two in the {vacuum cleaners, furniture, cur- 7700 block Washington Blvd. «i Bruce Savage Co.—3404 Fall

“To meet this demand, manu Creek Bivd., 601 E. 58th St. 5428)

goods industries are doing better, but not doing well. Apparel sales’ are off about .30 per cent from|¥n Ave. last - year, ‘Nor can the farmer say 1950 is a good year. His prices are down more sharply ™ than the prices of the goods be! buys, though recent advances. in meat and grains have helped.

Farm income from marketings

in the first six montha of 1950 is estimated at $10,600,000,000, or P per cerit less than in "40.

And last year's receipts were

off about 10 per cent from 1948.

First Vitrolite ae | The first shest of Vitrolite gay {structural glass was made at! | Parkersburg, -W. Va; In 1968.

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Demonstration at

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facturers, wholesalers, and retall- Guilford Ave, 4165 Sherman Dr} Lers have heen impelled to improve!lot 24 in Spring Mill Heights and facilities. >

{lot 4 in the Highlands Addition. |

Robert E. Peckham.

Berkley Rd. :

Pennsy Has Biggest

{

{any other time since December!

(1 la

BOLLS FURNACE (0. |=

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& a pe

BEDBUGS

FLEAS, ANTS, MOTHS, ETC.

Use Shur-Deth—Guaranteed ALSO RAT AND MICE KILLERS

‘ARNOTT EXTERMINATING CO.

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SUNDAY, § A. M. to 3PM. ~14x22 Garage $625 Complete SEE OUR DISPLAY TODAY / CALL WI. 2233

346 WEST 16th STREET

L1-7458

48,

= Yet, »H 4% not rosy. The softs! Walt Veon Oo===3528 N. Colo: irado Ave, 4842-44 Hillside Ave. |

Ford V. Woods & Co. — 501

Freight Week Since '48 Pennsylvania Railroad moved) | more- freight last week than at!

4366 N. Olney St. and 5015 Ross-|

-E. Walker == 4806 N.| Capitol 8t. in a cross-sale with

“and Martha -Eagen;

Mr. and Mrs. Robert Asher are are new owners of this near Bargersville. The transaction was strictly a "family affair,” since they

from Mr. Asher's brother, Charles. The sale was handled by the

Asher owns and operates a gasoline station at Bergersville, while his brother is a

radio repairman.

. nN Fong Studebaker Reports 15 Transactions Scores of properties changed hands last month: as warm weather gave an already booming real estate business an additional seasonal hypo. The enterprising Studebaker Realty Co. completed transactions, Among the properties recently

reported sold was the dwelling i at Roads 144 and 135, Bargers- |

ville, pictured above.

Leland and Bonnie Lester, A home, at 2308 N, Talbot Ave, was bought by Andrew and Anna Hoover from Morse 1610-12 Hoefgen 8t., Monte Coppage from James and Elma Richardson; 1250 Calhoun St. Vida Biiderback from William and Elsie Large; 315 8. Lynhurst Dr., Laurel and Helen Perkins from Frank E. and Frances Hornaday. : ; 3 A dwelling at 17563 Olive St. was purchased by James and Leveda Ward from Chester and Mary Smith; 5214 W, 15th’ St, Speedway, "Hugh and Lena Willams; 1325 Lexington -Ave, Harry. W. and

Lillian Wells from |

|Add Push fo Carr Realty Sales

alone reported 15 :

Record-Breaking Company Hires Five New Salesmen

Company sales banners are flying higher than ever for the jacks-of-all-trades.

stiractiva home of Roads 144 and 135

purchased the

Robert

{Jack C. Carr Co.

Mary Sublett from Edward and |

Marie Damrell Jr; 1810 Edgecomb Ave, Charles and Ida Brown from Luther and Anna Collins,

A residence at 1723-25 Pros- |

pect Bt. was bought by L. A. Gaylor from Robert and Martha Fischer; third house east of Sandhurst on south side of Burkett Rd., Harold and Norma

| Staley from Charles and Irene

Hurt.

Another transaction handled by Studebaker was the sale of | i {hikes the Carr crew to 33. It|

a 18% =prre. tract on Southport Rd. to Larry and Lorna Barker. The former. - owners were Adolph and Sophia Jaeger,

Walter 8. Franklin, line presi- Sign Trade Pact

nt, reported vesterda

0,000 loaded cars daily.

This topped freight movement |

[three weeks, he sald, +—PRR-is-alap.anticipating higher at $48.78 a long ton, besides other! {shipments following the annual Argentine products, for a total of was employed by t ‘ordnance plant of the E. C. At-

NEW YORK NEW JERSE OHIO. MICHIGAN

15ST QUALITY HEAVY" WEIGHT

Once in a lifetime! Terrific! Colossal! Unequaled!

[coal holiday in early July, he said. $165 million.

S. A. WILLIAMS —

ment, it was announced today

i 's 1 st realty firm, . : a [of Indiana arse 3 - kins Co. and the Thomas and

Skinner Steel Products Co. 1 He lives northwest of Zionsville! (lenaghan,

falso said yesterday that five {more salesmen have

Checking in . . . Five new salesmen with the Jack C. Carr Co.” of their names on the real estate roster of Larry Stillerman, Times Real Estate Editor (seated). They are (left to right) C. C. Schmuck, | Joe L. Blakeslee, L. E. Bloom, R. D. Beckett and » » LJ LJ

K. C.

poured later, Buildings today are constructed with walls and then string fioor and then walls on top of floor and so on.

ishima.

the terrific pressure.”

preme commander staff.

90 pounds per square foot, the | Army officer sald. : | He talked about lateral house, trusses and floors roofs de-

white

deal,

They're eyeing that bare kitchen, hoping to have the gleaming

new housewife dons an apron. 1 So the manufac ing for the package

monthly payment. - And General Electric's pushing hardest, nationally, for the pack{age set-up, inducing builders to

| WALTER I. HESS, president of “These don’t stand up under Electric Appliances, Inc., top GE the atom blast. In fact, steel re- distributor here, summed up inforcéed concrete held up at Hiro- package advantages, One mortIt ‘provided additional gage, he sald, takes care of all vertical strength to withstand home financing; payments are {uniform; expensive installment fi. Mr. Abrams, former judge and nancing is avoided; budgeting is now managing editor of the Con- | easier, and the buyer can get all struction League, was a major the equipment he needs in the on Gen. MacArthur's military home, government staff. He was In| However, most builders here charge of public safety, legal and aren't too excited about the packeducation work on the allied 8u- age set-up, Neither are the banks {and major mortage brokers.

as soon as the acturers are push‘mortgage | one major mortgage, one

along. :

J »” ss

Mr. Abrams, writing In his | With appliances tossed in, they

Mop, Mop {has drifted

League magazine, also rumorad decentralization plans calling

"for vast underground parking

lots to double as bomb shelters, scattered industrial sites, edge-of-town hospitals and suburban fire and atom rescue departments, “But we're walting for Wash-

| |ington to make the final plans,” the sald. . (done now, today, not tomorrow,” |

“And they should be

THE AGE

repair. Tenants like it, so do the janitors. The job is done more ef-| ficiently, a dusted desk is really dusted not stirred. :

Janitors are specialists,

More properties worth more have been sold in the first five jonely or as easy to goof off.

“Trecords reveal.

en em-|

{ployed to keep the banners flying. | The salesmen, all due to take on a farm with his wife, {their broker's examination next month, have been on the job for

months this year.

21 Men Downtown

‘Has Advanced Training

Indiana Uni!

Addition of the shelter salesmen ton school last February.

{raises to 21 the men at the main

{Side office, Mr. Carr said.

Kemper Military School following, . : undergraduate work at short- Package Kitchen

{

{downtown office, five at the North riqge High School. He served| {Side branch and six at-the East three years in the parachute infantry in Europe before entering

{ months this year than in any post-war year since 1045, company This picture of specialization Res : eRe © was painted for delegates to the | In announcing top transaction figures, Jack C. Carr, operator 434 convention of the Nationalll ee Association of Building Owners, and Managers. .. ibs The painter was Kenneth Mc-

assistant

The job is done the same way| d his degree here in bigger Indianapolis buildhe Blooming- ings. But the janitors are rot teamed up, they're assigned to Mr. Blakeslee is a graduate of *pecific duties. It's specialization.

in a one-man team league,

| OF 'specialization into the mop-and-bucket brigade, “night managers” of big office buildings. . Skyscraper housekeeping is now divided up among special crews Hastings. : {detailed cleaning ashtrays| : {only, sweeping, mopping, fixture

not. Besides they! work in teams and it's not so

ers,

superintendent of office buildings for the (Standard Oil Company of CaliJoe Li: Blakeslee has joined the fornia. He told how the job was {the past three weeks, boosting the... a.m at the downtown office done in the 22-story 80C building {237 properties worth more than ,.... sdvanced training in the in San Franeisco. {$1.9 million sold in the first five oi ase school. at ‘{versity, He obtaine in marketing from t

HOME APPLIANCES are runining Fight along with the heavy

jfear too much down for deeds {and high monthly payments may {frighten home prospects. And {that's what they're selling: homes,

not freezers.

But if you can afford it, the package iz a fine: way to buy all those kitchen and laundry aids

{right off the bat, no waiting.

1000 Foreign Firms ‘To Exhibit at Chicago

Times Svecial NEW YORK, June

‘never

{held in Chicago Aug. 7 to 20.

{

{the Trade Fair will show a panlorama of products which dollar short countries hope to sell here

{and to other countries.

WE HAVE ROOFING

And Can Apply Immediately Hey, Eost Sider— Do You Hove Our Price?

F. J. SIENER LUMBER (0.

317 §S. State St.

24-—-8oms 1000 foreign firms that have exported a product to this {country have exhibitions coming {for the first annual United States International Trade Fair to be

Backed by the government and | promoted by ECA officers abroad,

AT, 1428

| Of the potential brokers, R. D. 1y. that| BUENOS, AIRES, June 24 (UP) Beckett has had previous exper-|

Brazil undertook to buy 800,000 and the Anchor Finance Co. He

MISSOURI OREGON ILLINOIS MISSISSIPPI GEORGIA ARKANSAS OKLAHOMA FLORIDA MINNESOTA NEW MEXICO N. CAROLINA COLORADO CALIFORNIA S. CAROLINA :

Rapidly appearing throughout the nation is a list of states where Stitch-In-Time Stores are now oper. cting and about to open:

MASSACHUSETTS

INTERVIEWS BY APPOINTMENT ONLY HOTEL CLAYPOOL

LINOLEU

ARMSTRONG'S QUAKER LINOLEUM

{In the pick-up noted in the pasti!tons of Argentine wheat at $28.93 will work out of the downtown | a long ton and 15,000 tons flour office. i

During the war, Mr. Beckett

AMERICA'S MOST SENSATIONAL BUSINESS OPPORTUNITY

STITCH-IN-TIME SYSTEMS sewing centers consisting of ecin-operated sewing machines (similar to loundromat) metered at twenty-five cents per hour. Distributorships also consist of PACIFIC MILLS specially packaged fabrics, TALON ZIPPERS, AMERICAN THREAD CO., and SIMPLICITY PATTERNS. ‘ All products of triple A-1 rated componies which will be sold in the sewing centers. Sewing center . owners will be given an exclusive territory, Stitch-In-Time Systems is essential and depression proof. Distributors potential earnings is over $25,000 first year with continued annual increase. No franchise fees or payments invoived.. A modest investment ‘is required. _ :

He is married and lives at 5758

ly movement during the week| Ap 1 les. H m- | {~~Argentina and Brazil’ have fence in realty sales, He was e Wildw Ave. of June 18 averaged more thanigigned $323 million trade agree- ployed here for five years before 004 ithe war by Albert E. Thompson

Indianapolis native XK. C. Hast-

ings will also list operation head-| quarters at the downtown office.

a T

{Ave,

STATE DISTRIBUTOR WANTED FOR INDIANA

An Air Force veteran, Mr. astings is a graduate of Tech-

he Fall Creek nical High School and operates

self-service laundry in Tyndall owne, He lives at 1049 Villa

Ex-Railroader Joins After ‘15 years with two truck nes here, ex-railroader C. C.

Schmuck became the newest ad-| dition to the Carr East Side of-

{fice this month. “fp > | A Kentucky native, Mr} | iSchmuck has lived in Indianap-|

lolis_since 1895. He'is married and

{ruff Place.

ves at 504 West Drive, Wood-|

Fifth addition is L. E. Bloom,|

former salesman with Ford Moitor Co. in Chicago and the Grol-

ter Society (books) of Kansas City, Mo. : Mr. Bloom, who -will work!

from the downtown office, is a

graduate of the Central Radio and Television School of Kansas) City and served Shree years in ‘the Signal Corps.

He is married and lives at 1223

{N. Concord St.

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