Indianapolis Times, Indianapolis, Marion County, 27 August 1950 — Page 42

Hit War Effort Rail Walkout Threat Part Of Wage-Price Squeeze By J. A, LIVINGSTON | 2 3 & i THE JOB OF GETTING on with the Koréan War, of | | organizing a long-time defense program against Communist Russia, isn't helped by: > = = ONE: The threat of the Brotherhood of Railroad and the Order of Railway Condudors to tie up nation’s railroads; now ps off at -Toagt Fos - thet NeRate 10 _cents-an-hour wage Once again the brunt of the na- $ tion's strivings—political, eco-:! social—falls en the Presi-|. dent. He has so much to do, dl’

after seeing the list move up| {sharply following the start of the|

Brightening the future on the business front was the latest Fed- ' |eral Reserve industrial production index which revealed that industrial activity this month will reach the highest level since 1944. The federal’s index was placed

*_ Incidentally, this will raise the

Korean War, {

_fefense bill—the tax bill. It will “hike -the prices we pay ourselves|

at 204 per cent of the 1935-30 average, compared with 192 in

with Driscoll Realty Co. Butterworth & Teeters—5647-49 Winthrop Ave. Alfred Campbell—2233-34 Alabama St. in a cross-sale with the! Jack C. Carr Co. | Fay C. Oash—Lot 24 in Crow’s| Nest Dr. and property at the) southeast corner of Castle Row and Carvel Ave. in the Canter-| bury addition. | Driscoll: Realty Co.—3620 N.|

dollars ea Take a 21st and and Pen and 38th; on Madis

Realt Trek

A Wo fe would preter

than a direct government lending pro= | gram. :

Better Than Sale-a-Day

Mark Set by Darlington

Realty Firm Completes 22 Transactions

During First 20 Days

Another real estate touchdown was scored this month with the |

of August

Darlington Realty Co..carrying the sales ball into the énd zones.

1948. In June, the month t0/n11inots St, 1141 Rochester Ave. 20 dave this month, fast spinning

The N. Delaware St. firm notched 22 property sales in the first}

prior the Korean shooting the Index| stood at 199 per cent. ! Other production figures re-| leased by private agencies also! revealed near-record output by various basic industries.

rh rt

After the bumper profits reports in the first half, corporation executives might well take the lead in exercising self-re-Etraint. « : In this, Charles E. Wilson, president of GM set a worthy :Pxample. He declared GM would

speculation and over-expansion, Meanwhile, we're still in the

Jouling-up stage of the war ef- Trend Irregular ort, : y

and 535 KE, 58th St. in a cross-| sale with Jack C. Carr Co. Gerdenich Realty Co.—5650 N. Illinois St. Hall-Hottell Co.—5190 Atherton, |

Nine Sales Listed

Iry to avoid a price rise in spite tthe Se nt-an-Nour Wage Boost : ; But, as the Chrysler action shows, workers in other comPanies and industries will want Bg boosts fo match those of

i as : The government has yet 10 (IN Grain Prices | establish the machinery of con- | CHICAGO, Aug. 26 (UP)—The trols. The Treasury and the (grain futures market was’ quiet Reserve Board have not ree- [to moderately active, this week at .onclled differences over mion- {the Board of Trade. with prices! | wiliry nna credit policy. > displaying a mild irregularity at| « ; . |. AS usual, we're going to fight yesterday's close over last week's ii Within the government, check-|this war dmong pn EE y ing the rise in prices isn't made as with 6ur enemies—on a hit-or-| :#asier by the Snyder-McCabe.rift. miss + The Reserve Board has been anx-

months to make money the hard way. We'll learn the/corn % to 1% higher; oats i tol

more expensive. It has wanted blessings of restraint b 3 highe¥; rye % to 1 lower; | ~dfatcurp credit expansion, to make ercising it. y sot 4x- Heted: 1%e goy

basis, We're going to knock close, wheat yesterday ended % |

ogs Reach High Level: ag prices ‘declined ‘slightly

*. CHICAGO, Aug. 26 (UP)—A and choice slaught 50. sional selling. iperies of steady to higher mar-'32 00, aut eT ase Wednesday prices. strengthened kets this week advanced prices ages included at latter price: bulk OD F®Ports of subnormal temperaNE -aii-hogs-to-the- TBO0d and choice fed heifers tevels since October, 1948, while) §28.50-30.50; few ones are imost classes of cattle and sheep $30.75-31.00; medium to choice! ‘were steady to higher. | vealers $27.00-33.00; choice 900-Ib.| ae ® Of U. 8. wheat. i At the Chicago Livestockipartly fattened feeder steers D°¢ following day there was ‘Yards, values per 100 pounds at. $29.50. yesterday's close were 50 to 75 Slaughter lambs were strong | : ' ] A to) ‘cents higher than last week's 50 cents higher; yearlings NS ero| Ttures. -selose ‘on-barrows and gilts, 40d;25 cents ower: i (curred ‘90 cents to $1 higher on sows, steady, and the exireme

the northwest, in addition

|spreading. with -the Kansas City

Were weather

| forecast and top ofitrom the

Compared to last Saturday's. common sense into one another cent a bushel lower to 5 higher:

a slow flour demand and profes-|

RRR. 5 KK attie Sheer y SF RT Ee Ta IRE aT RON ar aL — e Pp — eady to Up aions. progress in harvesting,

rtures—and—stem—rust—infection—in:

Further declines oc- 1115 Wright. St. yesterday with a favorable goupie, I he ng :

By 0'Comar Co.

. O'Connor Realty Co, flexed sales activity in the last 30 days with nine property transactions worth $140,000. ; A report from the North Side realty company listed three crosssales and two transactions involving apartment buildings. The sales

Chief signal caller, John A. Darlington, reported yesterday “hig”| {team was sparked by William Fields and W. W. Nunnally, top

salesmen in three-week power-packed push. : They paced cohorts J. H. Fisk, . H, Berry, M. E. Joachim, A. J. Maloof,» Charles Stewart, 8. E. Harper,’ H. W. Lewis and Phil Maloof. Lists Seven Sales

Sales by Mr. Fieids included

property at 2619 Stafion St. sold for George and Emma Wade to Raymond and Nellie Pane; 5303 Reeder St, Mutual Properties, Ine., to Dalton and Idella Pierce; 132 N. 3d St. in Beech Grove, Del-O-Realty Corp., to Dorothy and Ottie Phimley; Clermont, Mr.

Fields to William and Bessie Barlist, reported by nett; 128 N. 3d St. in Beech Grove, |

play on the realty gridiron.

|Ave. for Mary Mosner to Clinton {and Marion Williams. | | Phil Maloof and Mr. {teamed up on the sale of real es-| jtate at 1305 E. Market St. for| Cora Capehart to Bert Edwards, | while Mr. Maloof sold 1701 N!!

{Russell Kennedy ! Mr, Barry also sold property at! 1032 Congress Ave. for Hazel and | Stanton Montague to Cora Cape-| hart. A. J. Maloof helped Mar-

220 E. 11th 8t. to James and Georgia Ball. = And the sales and listings were still ‘mounting for the Darlington firm as the days swept into

lenn L. O'Connor Jr. showed Del-O-Realty to Raymond and school-time, heavy hunting season’

{room. house at 2134 N. Delaware {St., also with Mr. Schraeder as {the company cross-sales. { { Properties sold by the firm in-

‘to . tions {ture at 1914-16 Park Ave; a {Mexico buying about one million arora home at 5112 N. Haugh St. sold for Oakley and

two-bedroom [Christine Parks to Joe E. Ral-

| Pennsylvania = St.; ‘house, 1115 8. Bradley Ave.;

{Delaware 8t.;

‘beans 3% to 4% higher, and lard|_,\, of property at 4510 Wash-/Laveta Burns; 2507 Boyd Ave.,| unchanged to 8 points a pound ,,.ion Blvd. completed with Ethel Charles H. and Iva C. Whitney to| |Bromert of Evans-Bromert Co.; Maude E. Stamm, and 2737 Foltz fye-aper ent buliding at 2441/8t, Arthur and Alberta Towns to ~Tllinois St. handled with Wil-| ; lam —Schraeder —and a six-bed- yyy Mr. Nunnally, Mr. Fields §

bert and Olga Boudwell.” also sold 3112 English Ave. for Harry and Agnes Land to Willard and Victor Hoff.

Gded an eight-apartment struc-| MI hvunnally’s other transac §

included property at 452

iston; 4032 8. State St., Philip and

some pressure on wheat due 10|.ight-bedroom’ dwelling, 2055 N. Norma Ennis to William Beville, eight-room house, Pearly Jones and Orvetta Beville. | .and a six-room| He also sold property with Mr.! —i¥oahchim at 810-8, Melvenia St.

{for Gilbert L. Julia Bland to Paul

for shelter seekers.

Spencer St. for George Glegg to§ R ™ nn Pe J 0 SEE ET

garet Weaver sell her property.af |.

;; Factors influencing the higheri$28.00 was paid early and at the City. Hortawest and” Kansas Council to Meet and Virginia Grenderman; with!

prices were seasonally smalliclose for slaughter lambs, Nothi NEW YORK, Aug. 26—The an- Mr. Fisk, 2333 N. Talbot Ave., Mr. | Jeasipts and Jurines sdvahtes In) Top yearlings brought $24.75; oth naar happened), three-day ting of the and Mrs. Earl Howard and Mr. | pork p . crop light and pest slaughter ewes $13.00; re- were given a gentle boost in the Producers’ Council will be held and Mrs. Cliff Jenkins to Luzanne, ceipts locally and In aggregate/middle of the week when frost Sept. 27-29 at the Hotel Roosevelt Traybar; with Mr. Joachim, 1018 |were measurably larger than a/was reported to. have damaged in New York, Charles M. Morten-|S. Taft St, Harold Beak to Mr.| |Week earlier, but. about 33,000 some of the crop. in .parts of sen, managing director, said to- and Mrs. Parks.

‘

GREENWOOD LUMBER CO., INC.

they would buy a home if the down payment were within their |financial reach, Mr. Dosker said.

f of This

amg

2435 SHELBY ST.

i i

FOR 38 Gl.I. HOMES FEATURED ON FRONT PAGE ~ OF THIS SECTION ~~ FURNISHED BY

The 38 GI Homes Featured on Front Page

Sold By UNDERWOOD-SIMPSON, INC. * " Realtors & Builders WE SPECIALIZE SOUTH AND SUBURBAN FOR PROMPT AND EFFICIENT REAL ESTATE SALES, LIST WITH US

UNDERWOOD-SIMPSON, INC.

Of those questioned, 1051 said |pectéd to attend the regional

ti f the Building Owners jan Managers in Clevelabe, Oc.

Section

* 17125 6A, 1128

1 i]

McCabe on gov- elbow i: ; Plans fc nt interest rates. The raflroad trainmen and con | Indiana has been allocated ap- ! Fitate B : : The upward Gance of ductors insist they are entitled to! proximately - $2.7 million of the already af y And cerporation dividends. 4s hours pay for 40 hours government $150 million appro- resitors a uy nt | Motors even though a presidential Nok priation for direct loans. The we Corp nickel-an-hour in-[gency board recommended a“ Interest at 4 Per Cent held in M 3 eo haul of the ADi-ihuuts pay for 40 hours work. : : : - ; : : ks ee ; VA is authorized to grant di. ing Nov. — he Teton of ltving/Brotherhood lenders argue that Anna M. Rogers purchased this stone-faced frame home at 3730 St. Walter Stone of the Jack C. Carr Co. sold this 3-bedroom house at 535 E. rect loans up to $10,000 at * per The I p: oN Chrysler nonoperating unions got 48-| Aug. 5. Mr. and Mrs.’ Leslie M. Hesler were the sellers of the fwoibedroom house. = 58th St. in a cross-sale with Driscoll Realty Co. Mrs. Ida Sherwood was the buyer tent to* Gla who tanft yoy : i he ‘dee to grant employees oo iis A yspr ago from another! Oral L. Price of Price Realty Co. handled the transaction. Mr. Hesler is associated and the sale was completed Aug. 8. Mr. and Mrs. Arthur Kraeger sold the dwelling. Interest Jute Sham iveis Jndies. live Secre ay Co Ve Tealn gevey board, with the truck and coach division of the General Motors Corp. : Mr. Kraeger is employed as a manufacturer's agent in this ares. . | there is little or no private capital ther veal Better Seized men and conductors who work In — . u . » . ol > ¢ ss 9 for financing. ning to Jc the yards and terminals don't want less . 4 ez (Thirty Builders vailable train to t pay when the cost of living Is shooting u S mn irty bul a I The direct loan is a or rain to t gw iae eairTors ain 1 ’ 3 one year, unless later amended by Mr. and What wit they have to spend in their extra leisure? . Sign to ‘March’ Terms of the loan are (National . . P. Kennedy, president of the Trainmen, successor * ° : : ” for 30 years ul ET Half-Million Dollar M 57 ni A Prot on BeDh Dent arihe Spot. Me faces his first convention w (Fair=-Minion vonar mail R_ |In Homes Parade | Or is | Don E. Warrick, executive | Whelden Beach, and truck tires, worsteds, mag- § . ad Ml manager of the Bankers Associ« Institute ¢ “He wants to go in a winner| Mesium Ingots, sheets and pillow | ~~ | Lots and Tracts Make Up Nearly 30 Per Cent | “TiinTy COUNTY home build: oar oto ation; -asked-gpeinber -organiza- —ers), Fred and shut off any opposition that Shae, cigaretn sugar, Aetet- List Drops for First Of Sales for Week Ending Aug. 19 ers Jave signed up for their an-| Public Housing Head fons to Po — ion cans Washingts might develop. If he didn’t t ’ts, and so on in- i : ” . nual report to Hoosiers. 1) risco ign! geveiop he wanted to Toe finfttum. : Time in 6 Weeks - Another $500,000 sales list was reported yesterday by North! That's contained in the Pa- Compiles Statistics es haere direct loans are au- Brokers" I able to say that the President! Once again, the race between By JOSEPH W; MICHALSKI |Side realtors. : rade of Homes, the local ob-| Public housing is the best train- the inh t uld Albert E. seized the raflroads, that he,|the cost of living and wages is el SR Matneial, Weitst And high on the report was the sale of 13 parcels of unimproved gervance of National Home Week, |ing ground for home ownership, Be 2d f : ora oy . Conventior Kennedy, bowed to the supreme under way, NEW YORK. Aug. Rocks real estate, almost 30 per cent of all transactions reported completed gent 10 to 17. an advocate of government-subsi-| 1 io ah Co YEleral oD 2 Others authority, even as Whitney In| That's why Walter Reuther. i thie weak susiersd Snaie Quring the weal es nding Aug. 19. More are expected to show dized construction emp joans. Mr. Warrick stressed, hows Mr. and } 1946. {his frank, picturesque tashion, Tuly Sectiné a a 2 sales by means of the Associated North Side Realtors their wares in the Parade And |last week. 3 ever, intentions of banks to “ope , Mr, and } “Rall labor's unrest 1s declar at GM ef r ore- 47 Vv SHAN Ary Sm————— mses pr all stages of Writing in the August Journallerate” in “direct Joan counties” Mr. and 3 tomatic, You ant Er being paid in i ema ra ry paints. * |erage for the association during South Drive. and 2226 E. 73th St. ie houses will ben ul ata io i of ag N. H. ood I Sid mot a a to er and Mrs. . news these days witho | " 8i8, All sections of the list took|the- year. Fred T. Hill Co~0042 N. Ca ' g un out that B54. . countie Mrs. W. R paper y ut of inflation.” He wants an all t what their h 1 2 per cent of 764|GI home loans in those S, announcements of price | pri all-outipart in the sell-off with the sharp-| The report was indicative of the/itol Ave. and 3701-3 N. Rural St.|ts 10 sce what their homes look, blic housing t Good credit risk is still the basis ver, D. A increases. Prins teem. Willam G est decline Friday. Prior to the continued high rate of realty ac-| Norman L. Hammer — 4918 !lke Defore the curtains are hung. Loulavilie lb EE for a he said. rine Coult Hundreds of items haye gone ibead of the Tian ails ation Tidy break, the market moved tivity throughout the county de-|Caroline ‘Ave., and 8028 Morning-| INDIANAPOLIS ‘builders who leaving the government-endowed In 61 Counties Al Herrma up sihce Korea: Shoes, stain- | of Labor, asked for a 13 i. tin an ifregular fashion. spite Initial “confusion” among side Dr, } have already listed their products|project. n ig H. Hartma less steel, print cloth, gasoline, | general wage rise it Seni nt cracked wide open Fridayibuyers and bullders in June. The| p pq, t Realty Co.~1522|in the Parade of Homes are ABC! Mr. Dosker, administrator of Counties in which Va 14 suthior. Mr. and carpets, pig iron , are 7 © Wages when the Chinese Communists uncertainty resulted from the Uni- Montcalm St, and lot in the 9500- ’ ‘lized to make direct loans, but M 'g won, passenger cat |are frozen, [government made new threats to/ted Nations police action in Korea/plock Washington Bivd., College] a nr orion Co. Wm. L. Bridges|the Louviile mousing Commisiprefer to have private lenders pr : Mu oy - . A . ell, athe For the Other Fell Nearly everyone argues re- peace in the Far East. with American troops handling|Crest addition. a BE CD a i a3 Statistics wert operate inclue; Kilaiber, e @UHOW iraint—tor the other fel-| Losses for the week amounted|the “beats” and the nation’s econ- {son Realty Corp. Joe F. Gold-tabulated on families required to| Adams, Benton, Boone, Brown, , low. But the worker wants to beat any wage freeze with a wage to around $750 million in marketjomy swinging into a garrison Harry L. Robbins Realty Co. smith, Good Homes, Inc, A. H. M./move from public housing after Cass, Carroll, Clay, Clinton, ter and WM increase. (valua stage. Lot ond outing or of Park Graves, Inc., Grinslade Construc- hae ube incomes exceeded |Crawford, Daviess, Dearborn, DeThe corporation and businessman want to beat a price freeze] Of the 1378 issues traded this| However, the push was still onli"; : 8300-block tion Co. rental limits, catur, b, Elkhart, Fountain, with a price increase and a dividend freeze with a dividend boost week, 674 stocks declined, 520/for shelter before school bells x Jingle at, on I 3300 Block The local list also includes| _ Counters NAREB Charge - (Franklin, Fulton, Gibson, Grant, BACK TO THE were higher and 184 held un-{toll, realtors reported. Daan at. ie) tov Home Bullding Corp Indisvabo.', Te atid these: facts show thatGretue, Heniiion, Hancock, Ha: : CHASE - changed. New highs were regis-| Ths Cenc vo nd by ANSR Dock N. Pennsylvania St. and Martin A. Blunk, Robert S. Kirk.[Ing ground for home ownership|ington, Jasper, Jay, Jefferson, Wages and the cost of living are in another tered by. 154 atochs and seven — ng Warren M wi n Wo lots in 9100-block Kerwood patrick, Meridian Construction and capitalism.” It was the com-|Jennings, Johnson, Kosciusko, inflation made new lows. : (Chairman BM Akinson Co., Edwin J. mission’s answer t .{Knox, Lawrence, Martin, Miami, race-spurred by the Korean War land Secretary C. Scott Padget: | n J. Murphy & Son, F. L.|mission’s answer to the conten . Undertone Bullish | | B Sa Co.~Lo f ‘Montgomery, Morgan, Noble, 80 00 ? Willis Adams—11 acres between | ruce vage 0. t 30 in Palmer & Son, F. C. Tucker Co., tion of the National Association Orange Owen, Parke, Pike Despite the sharp sell-off Fri-loo, "ge ong spring Mill Road. |C.AYPools Crow's Nest addition, Raymond F. Sayles, C. A. Wack-(of Real Estate Boards that “home pce Pulaski, Randolph, Rush, day, the undertone in the igh Joe Berger—1157 Ivy Lane, 6404/3840 Oak oy jin 2 enter, Wirsching Realty Construc-|ownership is best roadblock gtarke, Steuben, Switzerland, Tipappeared bullish. The Rumber ofip,,) Ave, 5243 Guiltord Ave, * fllonis St. [tion Co, Maurice Thornton, Home against public housing and pecanoe, Tipton, Vermillion, Vigo, highly favorable earnings reports, ss50 grvel Ave, 5657 Indianola The Spana Ce., Ime—Vacant Place Realty Co. socialism, Wabash, Warren, Warrick, Washcoupled with extra bonuses t0,., ‘6709 Evanston Ave. 4419(l0t adjoining property at 3203 N.| Others are A. E. Thompson Co,| Results of a postcard question- ington, Wells and Whitley. shareholders engendered a pleas rv... ton Ave. and 1057 W. 36th Sherman Drive, 2915 N. Talbot Wides Construction Co., Thomas naire sent to present tenants of : ant atmosphere in Wall Street. |g {Ave. and 8402 Park Ave. in a F. Carson, Barrett & Willis Real- low-cost projects also showed Building Owners Plan Traders also did not seem to be| yw 4 & Sons, Ine.—Cross-sale with the Bruce SBavage/ty Co. Dawson Brothers Realty{that 1029 of 1177 families mow ~~~ '¥ a alarmed over the lNquidating sais Central Ave. 1812, 1808 and Co : (Co., John A. Belcher, Atkinson Wanted to purchase a home after Meeting in Cleveland movement as they more or lessiigns ® g4th St. and 3553 Salem| Ford V. Woods Co, — 6024 & : Co. and R. T. Fisher of Green-| living in “a decent, safe and sani-| More than 250 delegates from expected some correction in- St. The latter was & Cross- : yo wood — [tary home," the author said. {four North Central states are ex-

Termites n secretly ent cracks in | ment tact with gm nels throug! ermites re ing on_thei presence is J til serious ¢ j Terminix i Phone us f will: reveal a termite pr Terminix 'S termite dam throughout

| OF |

518 Arch

zk »

‘There were & few old crop heaviey | "mall than a year ago. [North Dakota and Montana. | day. | Mr. Joachim’s scores for the, : Outgoing shipments al e » ow . . {Darlington firm included property a he "East Side Double Among Week's Transactions sold ut Indian Lake for ugene| The weei’s top price, highest| fl WE, Dorothy Ross and 1750 8 Meri-| es ‘paid October, 1948, " ne dian St., Andre d Elsie Mesa: gi, oder 0 day BL. Kode nd Fis Mer COMPLETE BUILDING SERVICE loads choice pound butch- t The Lewis - 8S 3 Harper i ; ; i at E ation ian 1 jfrs. Most 200-260-pound weights team sold A hs Cali. ~ | ‘brought $25.00 to $25.25; 260.290 fornia St. for Karl W. Kistner to, CALL c] * 4449 : rio ot spon vig a Ga ra] - 28 lok a2 3200; eu 170190 Henry Lewis to Justin A. Urbanic. [J ; - Es BE San ES i Tove and 3 seri sol FOR INFORMATION CONCERNING YOUR ; 360-400 pounds, $20.75 to Ts * BI 2 im om un The New Method of "BUILDING PROBLEM - o R000 hier ates Roach Control! ie 2 : ’ aT were $100 to $1.5 higher: meters Wo Shr wih ms powder whom £0: 20 ‘MINUTES SOUTH OF MONUMENT CIRCLE * K 50 to 75 cents higher; bulls 25 to | needed, kills roaches, ants, walerbugs and | ; 50 cents higher; cows steady to 25 ober crawling msechs and ls ofective for |! Al cents higher; sfockers and feed-! {| many weeks. Invisible, odorless and stain- . Sealers rg 5 coms Wighery te, 49.2 Kills roaches he ary quick |! : i : : : A load of choice to prime 1276-| 0 a1 S32 1s meni : bul ¥ ay ¥ La steers went at $32.90; I : SL ; - around 20 loads choice d 9c qui $1.50, gatlen $5.00. Mail |} WIE a : | io prime ted steers and yeartings| Ts sturdy brick double a 3701.03 N, Rural St. was sold last week by Mr, and Mr. Joe Johnson. | wt Sk 15 db. | GREENWOOD, IND. = GA. 4469 HO apa including ~ 1400-1b.| The buyer was Mrs. Norme Milburn, partner in the Martin-Milburn Dress Shop, 4913 N. Pennsylvania Argott Exterminating Co. Br Tea : ( = 530 : ” date bulk gdp St. The house has four rooms on each side. Transaction was handled by the Fred T. Hill Co. ~~ IL2* AVE.’ 4 . * : : ee Nes