Indianapolis Times, Indianapolis, Marion County, 30 July 1950 — Page 41

nclusion on the owed into the ddesses before in existence, rst oracles, and rer Asia Minor pm. ypology credits ng society tog industry and vhen the mysLion of life been become ime hat time, men nd playboys. RR ———————

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anapolis

‘The Week in Business—

Jobs Are Now Hunting Men

Overtime, 7-Day Week Boost Pay Checks, Up Spending Power

By HAROLD H. HARTLEY, Times Business Editor

‘THE ARMORED FINGERS OF WAR closed in on our

way of living last week. They were beginning to choke at four distinet points: manpower, prices, hoarding and war orders. The balance has tipped in the labor market in the last 60 days. The worker is in a sellers’ market. Sixty days ago the man hunted the job. To- "corn "ev Tost at the end day it's in the reverse; the of the last war. Some factories

job hunts the man. were on ¥ nine hous Riri and others had one the whole route The first labor shortages ap- ~~ a e he ole ote peared in skilled labor, machin- 24 Hours a day , , ists, tool and die makers, screw This ave ay Blue 't machine operators, and everyone _ 58 uyers something to else who turn metals into usable “Pend. They were buying with

abandon, not only “shortage goods. : items” but everything else. One Factory jobs, with their over- narchant said his store was

time, were getting more attractive to office help. Girls who have to dress in nice clothes all day were listening attentively to reports of pay checks for factory girls runing $50 a ph more wage money, war week or better. orders and sub-contracts in the And men in factories were work- business stream, and loading the ing longer hours, again collecting pockets of the consumer. Clerks in the stores were getting

‘A Dozen Sheets’ “hot” at the hoarders. The buying

push made them hustle, and they had a growing disrespect for the selfishness of the goods grabber. : There were instances of women buying “a dozen sheets,” and far more pillowcases than one home could use, but these fortunately were the exception. Fe a At the hosiery counters the the afternoon and order six or scramble was rough. Stores were & dozen pairs more. not advertising nylons, and most| This happened until one clerk of the stores had plenty. began to recognize ‘the voice. One manager of a big depart- And when the customer started ment store said frankly, as I to give her name, the clerk walked along the Circle with chilled her with, “Never mind, I him, “The hosiéry business is up already have your name.” 400 per cent.” | The clerks could spot a real The clerks were getting edgy, hoarder in a minute by her “exif not snippy, at hoarders. { planation” that she was “going Women had begun a system-| on a trip” and “wouldn’t hoard atic “phone” run on hosiery. Some| for the world.” would call in -the morning and Said one store executive, “This order six or a dozen pair. {was like an elephant trying to Then they would call back injhide behind a bamboo pole.”

“solid” from top to bottom with customers, “like Christmas.” And on one mid-week day people lined up for the escalators. Behind it all were the factories,

A yummy noontime view of the hot meat counter of the new cafeteria at Plant 2 of the P. R. Mallory & Co., Inc. It will feed 1600 a day, and ranks with best hotels and restau-

rants in quality. It's staffed by 16. 4 . The supermarkets which had been fightTired of It All? ing an uphill battle with the hoarders were beginning to note that “filled up” look on customer's faces. The grocers had taken a merry beating. But few of them had flinched.

refilled their shelves hundreds of| —~ : 3 times, rushed fresh supplies from down a little on sugar, They can’t

{make it fast enough. But one warehouses Setershined to stay iore, Kroger's, told me it has

The “shortage rumors” were] nine cars of sugar” cenfirmed

As sugar shelves emptied, and coffee “runs” developed, they|} ig

lity’s Low-Cost

Stocks Close Hoosier

Higher After Irregularities

Week's Trade Reflects Early Worries on

Tax Action, Controls

| NEW YORK, July 29 (UP)— {Stocks closed higher this week {after a series of irregular move-

| a { Railroad shares made a new {high in their average since Nov. {1, 1948, Utilities made a new

llow for the year. The composite

{average of rails, utilities, and in-| {dustrials, gained 30 cents on the! |week. Utilities lost 66 cents. In-| dustrials gained 56 cents, Rails, | the best performers, were up| $1.25, The small net changes reflect] a drop in prices early in the week| {when the market was iInfluenced| by uncertainties of taxes, the! |war, and government controls. Worries Dissipated These worries were dissipated] later when the administration’s| tax proposals proved less than | {had been feared and when Presi-| {dent Truman said he would not | | seek price controls and rationing at this time. | Railroad issues met some prof-| it-taking late in the week, but this was easily absorbed. Leading industrials turned strong on { Friday. The utilities came back {slightly from their lows. { Volume in the market was just {about the same a week ago. The daily average of 2,375,141 shares compared with an average of 2,348,842 shares last week, a week of sharply rising prices. Highly favorable earnings reports by big corporations helped sentiment late in the week. General Motors had an all-time record high first half, U. 8. Steel had a record too. Bethlehem had record production for the second quarter. Chrysler made a good showing despite its 100-day strike. These. reports helped the industrials make a good comeback. Allied Chemical rose 4 points on Friday and wiped out all the losses suffered earlier in the week. Bethlehem gained a point on the week and U. S, Steel nearly a point. Department store shares met demand as sales for these stores soared on buying in anticipation of war controls. Televisions rallied. Oils met good demand and closed higher on the week. Railroads netted gains ranging to more than 5 points in Union Pacific. Building stocks improved.

Oil Firm Honors Two Employees

doing most damage in the super-| °F delivery to arrive late this] markets. One woman would tlt |" another that frying fats were “go-| Other big stores, well supplied, | ing to be rationed.” She told four Dave also refused to put on a other women, and so on. That limit. That's their only hope. did it. | The jump in Camel -cigaret| More than one husband wag | Prices caused some independents| reported demanding what his wife t0 try to load up on other brands was doing with all the family Pefore they went up. The wholemoney. And when she showed him %31¢ houses cratked down.

Mr. Gwynn

Mr. Cowan

Two Shell Oil Co. employees| were honored recently at the Indianapolis Country Club in recog-

of service with the company.

Cowan, operations manager, In-|

dianapolis division, and Bert A, oclation status, almost twice as/at Ohio and Delaware Sts. with fired floor furnace, and the floors

"Walter Andrews, i bailiff usty hamme » Indiana Sets Pace Local Realty Firm For New Realtors

the vast home-building and buying market, added more realtors

to keep its sales wheel spinning. | Darlington organization will spot-|

number of realtors during the/from the firm and watch the ex-|50 tons—of gravel to build up a

nition of their 25th anniversaries|first half of the year, thé Na{tional Association of Real Estate The two men are Robert H./poards reported last week.

SUNDAY, JULY 30,1050 =

ntals

Family ‘Crew’ Builds House

The house that "Andy" built . .. 1237 N. Keith Road.

Bailiff Plans to Add

Four Rooms Later

By BOB BOURNE Times Courthouses Reporter “Andy's” mother-in-law found a hammer. It was just a plain, old rusty hammer, but when put with a borrowed saw, a borrowed shovel, a chisel and square, it became all that Andy and his father-in-law needed to build a house. “Andy” was a Seabee, and his father-in-law is a painter and paperhanger by trade. Between them they built a snug, sturdy house at 1237 Keith Road. And so Walter Andrews, who still draws a pension for wounds received in the Pacific in World War II, now has a home. It was inexpensive, as far as actual cash is concerned, but the cost in sweat and toll was great. Money Barred Building “We were-living at 725 Brad-

says, “the four of us, my wife and I, and my wife's folks, Mr. and Mrs. Victor Church, were renting a place there. We had always

could raise the money. “That evening in August last year, Mrs. Church was coming

of the alley. She saw this old hammer

struction was underway.”

days later they had poured the foundation for the 25-by-30-foot house. From then until Dec. 13, 1949, {it was lots of hard work. . pounding, sawing measuring and painting. Moved During Winter Just as the winter blew in, the

~~ |Set to Bust Qut ‘On TV Tuesday family of four moved into a per--{fectly insulated house. Since then

30 Gain: Association a THE DARLIN STON Realty Co.|the inside walls have been papered 1 olng to break champagne and painted, and finishing touches Stat . Six M th lover your television set Tuesday. ans added. . alus In JIX MONINS| Theyre going telecasting, first] The four-room-and-bath struc-

Indiana, among pacemakers in| Teal estate firm in Indianapolis to/ture cost $4125 to build. And {the 121-by-328-ft. lot was pur-

[edge into the newest medium. | For one minute between 8:30|chased fot $1100. Total invest-

ws, courthouse bailiff . . . it took a rusty hammer.

{and 9 p. m. every Tuesday, the ment: $5225. “Included in this,” Wait says,

largest cast invitations to list and buy|“is nearly $300 for 50 tons—yes,

The state added the i

clusive advertisements

in The driveway. A dug well, with soft | Times,

{water cost us almost $400, and we Ae. {did a lot of things thet were not THE TELECAST will show the absolutely necessary.” Eighty as-{corner site of the Darlington Co.| The house is heated by an oil-

realtors gained

ley Ave, at the time,” “Andy”|f

wanted to build, but we never|f

home from the grocery, by way

in the weeds, and brought it home. We got to talking about building again, and soon we bought the lot, and con-

“Andy” and his “crew” started building in August, 1949. Four

Real Estate pease 4 Business nse ste dine Automobiles .. Radio ........

Jammed Tig

Vacancies May Come

As Draft Ca

lls Start

Waiting Lists, Migrating War Workers

Those Available

By LARRY STILLERMAN, Times Real Estate Editor

There will be more than 1

000 rental units coming on the

shelter market here in the next few months. But they'll be in the higher rental range, around $90, and chances for lower priced units are negligible.

Expected to Snap Up |

Yet most of the new uni

ts will have the “no vacancy”

sign nailed up before the doors swing open.

| They're being gobbled up|

expanding plants in Marion

i {too

Fear of over{building apart-

iments seems unfounded . at this

conditions. “The commun- Fe m ity can absorb yn, stillerman {those new units inow going up without greatly affecting the existing rentals” said William P, Snethen, manager {of the Apartment Owners Asso- | ciation. i 1079 Marked for Rent | Builders seemed to have felt

{this way, too. Of 3203 new resi-|

{dential units started in the first {six months this year, 1079 were blueprinted for rent only, 97% in apartments, 100 in doubles. That's 33.2 per cent of all residential starts. Higher rents in these units reflect the increased cost of construction. They'll be taken because existing rentals at lower cost are jammed tight. There was a let-up among more than 95000 rentals when o » on

Mrs. Helen Gibson of the Sun Realty Co. and prospective tenant . . . the "no vacancy" sign was bigger than ever.

Florida Tourist Building Booming

Florida's going right ahead with the tinsel-for-tourist tokens. The State Hotel Commission reported yesterday 524 permits

for hotel, motel and restaurant

[lagers report some turnover

worth $18.9 million were issued|P?

| controls seemed to be on the way

by workers brought here by| ut But not now.

The area rent control agency

{County. Families, still undoubling,| 'éports more than 85,000 units are taking over these newer units, are registered here. Their rents

aren't frozen, they're controlled. No “Free” Market in Flats Apartment owners and man-

{among tenants in the lower-priced junits, but they don't expect any {“free"” market among the flats. Main turnover comes { “natural” summer exodus from {rentals into home ownership. Vacancies may come when the {draft breezes through singles, (doubles, flats and apartments. { But they'll be snapped up by | waiting lists and migrating war workers, the agencies point out. {are a convenient way for sheiter seekers to keep their feet in sev{eral apartment doors town. Lists Are Obsolete The lists are obsolete, for the most part. Many on lists have found housing, failed to notify rental agencies to scratch their applications. Strangely enough, rental hunters are becoming more selective in choice of units, some managers report. This, they say, may indicate that shelter, as slim as it may appear, is available. Here's the run-down around town: ‘ Arthur Wolfe Apartments, Inc. —Units, 50. All under control. Rents, $34.50 to $45 per month. No vacancies. Approximately 500

lon waiting Ist. Slight turnover. |More selectivity noted among

helter hunters. (“Like woman

:{looking for high-quality dress with low budget.”)

| John R. Moynahan Properties— Approximately 275 units. Most

plications on file with 50-75 new requests monthly. Average vacancy, one per month. Tenants selected on quality basis—longe~ vity in unit, morals and financial

& tivity among older family appli= | cants noted.

Linwood - Colonial Apartments, Inc.—Units, 40. All under control, Rents, $54.50 to $79. No vacancles. Waiting list, other comments similar to Arthur Wolfe units.

Rents, $54 to $78. No vacancies, Same as above. Michigan ~ Delaware Realty

Real Estate—

Builders Seeking Housing Variety

By Timés Real Estate Editor Builders and architects are churning up the housing design

t. They're sifting out the peas-in~

trom -

| Waiting lists, managers say,

around °

(Continued on Page 42, Col. 6) :

1Gwynn, distMct manager, Indian-|

{home seekers in the office, besides

are inlaid linoleum blocks. The

a-pod development,

the groceries, quite proudly, most] Price changes In canned meats apolis. The company awarded Many as the runnerup state. | of them said, “Cut it out, let's got so dizzy, I was told, that both employees gold watches. Harold J. Grove, chairman of eat the stuff, and save our|/Swift’s took Prem off the market| Mr. Gwynn began his Shell the national membership commit-| money.” until it settled down. {career in 1925 and since that tee, Soap powders are being “al-| Some wholesalers of canned|time has € lotted” by producers. That's vol-|fruits were putting out the story|sales and operations posts with necticut, 41; Oklahoma, 38, and untary rationing, simply seeing/that the “Army” was placing/the company in Indiana. Mr. Colorado, 29. i that it is spread around. Red sal- heavy orders. |Cowan started in 1925. He has mon has gone off the market in| But grocers winked and smiled. been operations manager of local boards was reported by directors. many stores, only pink salmon|They tabbed that as a prelude to|Shell's Indianapolis division since North Carolina with four. Indi-| J. Dwight Peand tuna are left. a price increase on the new pack, 1935. ana and California tied for sec- terson, president,

And the refiners are cracking due soon. es tog ond in this race with three each. yesterday an- . {Washington and Kansas had a nounced the ap-7 WwW Cl This week the insurance commissioners of 3 Real Estate Salesmen { ar ause five states will get their heads together to Get Realtor Status

net increase of two each. jpointmentof try to draft a uniform “war clause” on life insurance policies. Three more real estate sales-

What the companies want to do is to limit the amount of insur- . y ance on service men. And they don't want to get loaded with term 0 TecelVed Yemltor status last gain in mew Fealtofs wits 136 per 1a a Lh e , Ha. PEK. cent, Mr. Grove said. Mead-Balc oninsurance, that's the pure risk stuff, ho cash pile-up, Having passed the Real Estate" Tne N Jaave al Assosiatidbiicad Ba he

That seemed a little wrong. The, - B nat} Joh P ! soldiers risk their lives to keep The truth is that on the oard examination, John P.iscored a net gain of 120 mew Mr, Mead is a

tWO rain, Edwin F. Martin and James J fies oce t + . * realtors and 10 additional local|graduate of Pures put the compaliies pecasiong nw Bish ; he SOM, Bennington were granted yes-|boards during the first six months| or e University i > : iterday top association standing.|this year. | ; Pr nat it explained to me, The ie Aging =| Mr. Main operates from 2301 On NAREB rosters July 1 were, ness, ipeurance companies rely on hard- great numbers. | Elizabeth Rd., Mr. Martin is with|43623 realtors and 1102 locdl| He has been a resident fact men, called actuaries. They

can tell you when you ought to, i o die, according to their figures.| surance might endanger the hold. year, is with the Jack C. Carr Co. lists.

Alaska’s Gain Biggest | Mead, vice presi- |

Alaska reported the largest net/dent and secre-

‘active in Purdue affairs.

The Times’ real estate reminder, Kitchen

reported Pennsylvania wel- Firm Names Mead held administrative, [Comed 42 new members; Cony, Board of Directors |

City Securities Corp. will have! i | houses Largest increase in number of(& new member on its board of stands now, but the two-man-| houses with motor courts, room-

Mr. Mead land the Harvard School of Busi- LIONS CLUB TO HEAR ACTOR [the new Indiana member.

. Gil Carter Co. and Mr. Penning- boards compared to 43,503 real-|anapolis since 1914, is a graduate day noon in the Claypool Hotel. son of San Francisco, The thought that war risk in-\ton a junior member for the last/tors and 1092 boards on Jan. 1lof Shortridge High School and is|He recently appeared with Alan [total international membership in|

construction. with built-ins is 12-by- National organizations of the with lots ‘of window These permits were issued ,

fter vaduring May and June and it was|tWO professions are a the highest dollar total for any|Flety 18 housing. That's spelled two months during 1949 and 1950. °" Fre. Hotels 1-° in valuation, but| They want to eliminate the

{most parmits were for apartment|monotonous, row - upon - row

{1415-ft, {space, { Modern Touch The ceiling of the kitchen is in {accoustical tile, a “modern” touch. The house is complete as it

| | But to do this, builders and ar{team is planning an addition al-| Ing houses and restaurants BINNg! nitects will have to rip down the

{ready.’ They eye two more rooms, - A fee barrier separating use of profon the north side of the house, 40st of th Jethits Were lasucd fessional design with professional {a bedroom and a library. Dade and Monroe Counties. the building.

{| “Andy,” who is a bailiff in| ) Es | Criminal Court 1, wants time and Mart of Miami Beach. AND THAT'S what the ,national groups are trying to do.

{place to be with his books. 2 Aaa |" “We would have had a heck of, HOOSier . Joins National | They've had several meetings on the brass level. They've also

a time paying for it all at once, Dae] Estate Brokers ee em wi

{he says, “but stringing it out this 0 i : , 60 {way, we had almost no trouble at ne Hoosier was among 69 new 14 yoy cities to work out small

| members joining the National Injall i ts home design plans with the best | “The thing we like about this| ftitute eal Estate BroKers ,nchitectural services available. house, is that it's all ours.” : Then they'll go over plans again { * . 18 a 8 ure, | Alfred Rothschild of Gagy was with the Tig wheels Try 3 . | : {That comes in October when the Pat Lane, Hollywood actor, will] The report, issued last. week by National ~ Association of Home of Indi- speak to the Lions Club Wednes- | Broker President Willard L. John- guilders holds its annual fall

showed noard of directors’ meeting in

————

Ladd in “Branded.” ‘the Institute of 8790 members. | (Continued on Page 43, Col. 1) ~~ °

experience with the new nuclear

burned necks with bandannas and voted, to the man, against fedletps from the girl at the switch-| =

i f other beneficiaries, That's how the mortality tables| git well, er beneficiaries, doesn’t are set up and rates established. | I am told the actuaries are If those GIs who are having ,. limits put on their life insurance afraid of war risk insurance be- rivat od dont ha cause they have no backlog of PY Private companies don’t the Russians, there probably won’t be any private insurance weapons. And so long as they don’t know companies anyway, what gthe atom or hydrogen| It leaves a bad taste with the bombs can do over a number of public, if the insurance companies) experiences, they are not willing let the GIs do the fighting while to set up figures. They say “Let's they sit tight at home on their wait and see.” \money bags.

Hoosier farmers do not string along with the Down Straws East potato growers of Aroostook County, Maine, Indiana potato growers last week said they want no part of government acre snipping in the marketing of spuds. : About 250 potato growers wiped the sweat from their sun-

eral regulation. : DUPONT HAS MOVED into, = tom hi him the sneeze business, pushing weed, 0 te. To missed. eradicators to keep down the pol 1 in air. The best On the last day of the week,

5718 Brouse St. _ associated with Nu-Wa ‘Pro- Mrs. Peter C.- Stoolstra, The ducts Co, (soap). dual

Two Bedrooms Important Factor In Selling Homes On Local Real Estate Market

with American United Life