Indianapolis Times, Indianapolis, Marion County, 3 September 1950 — Page 35

Sustom Built pring Construcion; < Juran Covered * eautiful Colors

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Designs

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MA-1449

J0Sers

TOWN ASTE

down the turn.._on , flip the art the Dismatter of ste is pul-.

flows down

Features

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se and to r washing, ’ -drying opmpleted in © nd fully au. You don't there,

[ sunDAY, SEPT. 3, 1950

~ Outlook in the Nation—

a4

.

THE: INDIAN APOLIS TIMES .

Inflation Gets. Jump On Truman, Congress

Place to Draw Line May Be in ng After 5th Round of Wage Increases

By J. A. LIVINGSTON

WASHINGTON. Sept. 2 a favoring wind, has a ro ‘and-the-Federal-Reserve Boar

not pass.

reveals the Korea.

swift pace

ONE: Consumer credit in July reached an all-time peak of $20,In-| stallment credit accounted for. and $500 million of the increase. People just had to get their autos,

340 million, up $660 million,

$12.6 billion of the total,

refrigerators, washing machines,

television sets and so on—items!

bought on credit—quickly.

TWO: Industrial orders mount- | ed sharply too, as business men decided they'd better lay in in-!

ventories or make firm commit-

A seven-year high.

of activity shows up in the jump

serve reporting member

manufacturers, w holesalers

banks— $153 million in the week ended in the fall for his United SteelAUG 23-1t0-$14:512 mitten. wrue, WOrkers-and-John- Li Lew and tart and gratuitous memorandum tract, retailers are preparing for fall. to William Green, served notice short supply will add to the cost

Inflation, like a forest fire fanned ™ start on President Truman, CORBIESS,. $0 much so that the problem how | is not how to put the fire out, but where and how to prepare a line! . beyond which the onrush of rising wages, prices, and hoarding shall

since ny Fel property.”

VE: Fears of shortages | Ty pushed up prices of cot- | ton, wheat, soybeans, meat and so on. As a result, farm marketings this year will top $27 billion and may compare well | with 1949. Yet earlier, the De- | {partment of Agriculture antici- | pated a 10 per cent drop. Each day provides mew price boosts. Platinum’s up $18 an ounce to $90 for small purchases, $87 in bulk. barrel in Detroit.

SIX: But one man’s price is an-/north of the proposed building is’ Vv And the cost tied up by question of who owns loan. O. K.'s ‘ments for machinery. “Most spec- of living is rising. Packard work- what. That's up to the court. Bas a tacular was the upswing in ma- | |ers struck for more money. Ford] And by settling time the $1.5 chine tool orders which jumped to! |workers want wage boosts to/million estimated cost may be match those of GM, Chrysler and beyond $1,750,000. That's a 12-13 THREE: This new-born rush Packard, and a fifth postwar per cent hike in cost. round of wage increases is now material In business loans of Federal Re- Just about settled. Philip Murray local builder their prices are up 8 has announced he expects more to 10 per cent.

other fellow’s cost.

And beer is up $1 a |

te—in-a-envelopes are-regulated by-con-.

Le aa

New For "Nort 3-Bedroom H Home Sold

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| | | t < ay { |

| nas {3 y

| WS " .

I Sale of this three-bedroom dwelling at 601 W. 77h St. was A casual glance at the news creasingly people talk of - ‘getting to be closed late yesterday ‘by Gil Carter, Broad Ripple realtor, |

| Melvin L. Wilhoite is the builder of ‘this attractive house. The |

buyer is George Kohee, Mr. Carter said. Mr. Kohee is associated | with Eli Lilly & Co.

Real Estate—

Delay and Climbing Costs. ‘Wreck Manual High Plans

(Continued From Page 33) |quistion of 50 feet of real estate Ju iv,

lin the country hit a new peak in

n:the month ending July 25,

1946. Already Old New Story

told the FIGURES, paper as human, always tell'a big story. It's like the. doctor with his thermometer. After all,

dealers have

And labor's another thing. Pay

but the overtime and the

.'made a good

time

Fs received 59,000 requests for

well as

'‘Pork-on- Hoof

In Sharp Decline

$3 a Hundred |

During Week ‘CHICAGO, Sept. 2 price of pork-sold dropped one to nearly

(UP) — The “on-the-hoof” $3 a hun-

“dred poands- tiie week at Chicago!

Stockyards. the most severe! {week's dow nturn here in many months. .

isome a dollar or more, ceipts the largest of ‘any week so far this year. Only choice steers showing, fully 25 cents higher. Sheep did better than anything, Largély in response to a |quickéned dressed trade in the| {East as well as the Midwest, fat {lamb prices moved up-25 to 50 cents with a load-lot top of $28 and numerous choice small lots! at $28.25.

advanced most hogs to the high(est levels since October, 1948. The peak price was $25.50, paid a week ‘ago yesterday. Since then,

trading has been

the dullest of the season. Friday's,

closing prices on barrows and

gilts scaling 200 pounds and._over... “he's just were roughly $1.

25 lower than a

Cattle prices generally declined, | with re- =

Selling!

This is a typically American dwelling = which has “Homa Sweet Home” written all over the exterior as well as the interior. % > For instance, the front porch, which has been forgotten on the ultra-modern houses of today, is present. You could have trellises or vines on each side to insure a little privacy. A porch swing could be suspended

| i The abrupt dip in: hog prices. from ceiling of porch, or glider

came on the heels of a series of] This exceeded by 2000 the pre- higher markets last week which vious high reported in" November,

type used for further comfort. One of ‘the nicest features about the kitchen-dinette is the abundance of windows, The

% J -r NS 4 J RL

three windows insure good ven-

tilation, plus lots of sunshine. This is a good point, since the average family spends so much time In the kitchen-dinette. . » ~

THE BEDROOMS are completely isolated from the rest of the house by a small hall, which features a large linen closet to the right of the bathroom door, plus annather closet which could easily ‘be used for a coat closet or for general storage. If one employed the sliding or folding type of door on the bedroom closets, he would eliminate the wasted space used by the swing of a hinged door, and thus would be able to make several changes in arranging the bedroom furniture at dif-

ferent intervals. Cross venta —

tion in both bedrooms will in-

ee ——

Nevertheless, the rapidity of the advance suggests some forehand- when the United Mine Workers’ “ed buying. contract is reopenable in "April.

. Said Lewis to Green: FOUR: Real estate loans rose “pp $33 million to $4510 million. A he press chronicles you as

plodding around the country year, ago they amounted to less! geekin someone to wh than ‘$4200 million. Not all of]. x SY Np

can give a no-strike pledge. Re- | the rise. can be attributed to GI| strict your pledges t home- -buliding loans. There's al y pee ® Your ow

outfit. We do ou . - suggestion® of speculation. - In-| our “WR no.

striking.” Fires Have Lulls

Businessmen, in“turn, are going to try to raise prices possible. And if they do that, the cost of living will go a labor will demand more, and so on and on. Fortunately, forest fires have their lulls, now hitting the nation hardest,|]————o— will subside onte the fifth round of wages is out of the way, once the rush to buy by business and consumers eases, as it must. \Jt's then that the fire-fighters can| When the withholding increase get in their licks. .| 8oes Into effect. And higher ~The Federal Reserve has at={levies—witt apply likewise to ready taken positive action. It| eorporations. has made the cost of money t the same time, the bill dearer, it has served notice on!-aut orizing controls over homebanks and would-be borrowers| fin ng and installment credit that credit isn’t going to be plen-| will take some of the pressure tiful. off demand. That has the psychological effect of making banks less willing to extend ‘credit and businessmen less willing to borrow. : After all, if you raise the price! of pianos or eggs, it curtails demand. So it is with credit. What's more, the Reserve may jump the of life. rediscount rate again. So banks and borrowers cannot be sure| Purchasing power \ \Will exwhat money will ultimately co. cost. Pand anew, you can be\sure of

hat. And we'll be carrying out NU-WA

Shea post-Korean prepa HOME SUPPLY CO.

program just as we ve “fought all our other WaArS-—0A The One-Stop Bathroom and Kitchen Remodeling Store

deficits and inflation... Free Estimate. RI1-5894 | Corn and Oats 236 E. New York St.

Hit New Highs

Congress is taking positive action too—in passing a new tax bill.

will hesitate, ‘when the blow o

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The laggards

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[(—————; CONVERT T0 On

RIAL

Toridheel {

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But for a momentary reversa

| patill-bet better gains.

| PAINTING

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[| Jrree mmaiee CALL RI, 5911 EQUITABLE $ KEYSTONE ALLOYS To : OF INDIANA 152, N. Delaware St.

on the world that he wants his of the building.

- - The inflationary wae TOD $1.1 Million te ee—————— ee &

It will begin to bite Oct. 1 |

So, the days will come, in the;St. next six months, when markets

new purchasing power onto the Road. fire will cease. But then, if we don't act with a strong tax bill, the fire will get a send breath ram Ave. 4212 E. 34th St., 3021

CHICAGO, Sept. 2 (UP)—Corn {and oats futures spiraled to new Tremont, Stand 935 E. 51st St. |

‘piled up gains of as much as 5 {cents a bushel this week on the|’

A tally for the week as of the (close of dealings Friday night, [showed ‘Wheéat up “1 to 5 cents, jcorn and oats up 1 to 3 cents and rye up fractions to 2 cents] were soybeans ‘and lard. During the period, beans {fell 2 to 3 cents a bushel and, |although November lard gained [5° ‘cents, other lard deliveries lost 5 to 15 cents a hundred pounds. |

|when buying thinned out Thurs{day, grains might have put away |

L C. CASSIDY and SON

“Fiberglass Insulation | 3104 w WAHT | ST.

TEK CONSTRUCTION C0. INC.

AY. 7735 33 {Evatings. AT. 7946) We Congratulate

On Their Building Project.

VILLAGE '

F.H.A.and V. A. Loans

"In Business Since 1915

[This ‘Home Sweet Home T Typically American

PAGE 33

which is reached by the Batche way in the hall ceiling. .One could install a set of fold-away-stairs to reach it more easily. ’y ss" 3 STAIRS leading down from the kitchen to a grade door and future side drive and garage could be planned for if the lot is wide enough. These stairs also lead directly into the basement, which is under the whole house. Besides ample room for all washing and ironing necessities. and heating roonr.. one finds an area large enough for - récreation. This huge basement also. _has room for coal-bin, fruit closet, hobby shop, or sewing room. The living room has huge bay

window in-front- with large preemie

ture window on the side. With

om

reading figures. And they tell week earlier while‘lighter weights 5 vite the summer oreezéd to this unoroken wall space, one what's bubbling inside were. pounded down $1.75 to [a come in from each direction. could nave many different and I $32.75. ~ Additional storage space could lovely oom arrangements, with Just ‘scale that down on the s thi oes with numbers 3 home-building front. You'll have Same Ms Tit] epr The week's closing high was be found in the low attic, no trouble at all 'the hike in construction right at {put out by Union Title Co. repre- go4 1t wag the product of a sharp — sentatives throughout Indiana. geci i \ the tip of your pencil. 1k bout rt ecline in wholesale prices of | Wonder what the price of mid- They're talking about mortgages some pork cuts and the long

{night ofl-is- now? {

VA VIP

HOME LOAN applications at| Vetérans Administration offices!

|atate, (the story they tell is “best-of-the-

| builders applied for 9833 mort-!

{lion that month. That's a lot of! {building and a lot of buying.

tered their bread and may (Continued From Page 33) {Ave. and 3501 Lesley Ave. in a ness these figures indicate? lcross-sale with F. C. Tucker Co.| Marion and Lake lead the counFred T. Hill—123 E. 33d St. {ty home and farm and school

This fifth round of price advances is| - ap mONtH” Three sets for...... Bocavens going to push up industrial costs. | North Side | dies B In the state, home buyers and The Portfolio of Sixty Small Homes

{Wonder how many people but-| Address be |

filed. That's the story of shelter, week-end which includes the [the biggest daily story in the hor Day holiday, curtailing orders on shipping accounts. ‘ The figures I'm reporting area —— little old; they're from July. But) Building plans and specifications, first set:

|gages worth more than $44.6 mil- TOTAL ENCLOSED (Small Home No. 10A). CC Biiinienn. ..

added a little jam from the busi- City.............. rats gravee Fil in This Form, Inclose Check or Money Order and |

resister easnans 10.00

Pests t tras arenas tfsserasesan

How many?

. $5.00

seer sasae

| building parade. But all the coun-| FM Ruight Ro on ties marched along in crisp, soldS. Randolph St. an Test jer-like gait. A good step, | view Drive in a cross-sale with

the Walt Veon Co. Tom’ $ 39 John H. Max—6262 N. Delaware | THE YOUNGSTERS at the, = American Estates Co. gave

—1 E. 58th . R-Br-Poekham-1003 Thomas J. Owens quite a party; on his birthday yesterday. Fact] is the whole thing was a surprise. Tom {is keeping his age a secret. He's really “39,” like Jack] Benny. But the boys who know him aren't fooled. They know he's one of the founders of the company ‘and has been around there for 33 years. He got a handsome gold wrist! watch and a lot of “toys.” ; Congratulations. |

Bruce Savage Co.—1132-34 W. f|36th St., 3636 N. Rural St., 6235

F. C. Tucker Co.—5252 Boulevard Pl, 212 E. 324 St. 5322 By-

Sharon Ave, 5872 Ralston Dr; t370 W. 52d St, 6268 Windsor Dr. and 4306 Guilford Ave. in a cross-sale with Jack C. Carr Co. Walt Veon Realty Co.—2440 E. 624 St. in a cross-sale‘with the Jack C. Carr Co. 3905 Carroll-| ton Ave., 1908 W. Northgate) \/Ave. and 5849 Indianola Ave. | R. E. Walker—5443 Graceland | Ave. “Ford V. Woods & Co.—522 x] 37th. S8t., 5.4 acres off U. 8. 40 in Plainfield, Ind., 4122 Graceland Ave., 4156 Carrollton Ave., 20 S.

t in a cross-sale with Warren M.|

Atkinson. \

ADEQUATE WIRING

ye wid as ai the ‘eatured House

ihe it

| |

= [250

J. & E. ELECTRIC. SERVICE CO.

uLsetriedl © Contractor

EE Estimates \ 1134 "W. 3 30TH LST. TA. 8038 H. 8. Edward _W. C. Johnson

1

|

OF POLLMAN DESIGNED

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Mail to ‘The Indianapolis ‘Times, Indianapolis 9

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