Indianapolis Times, Indianapolis, Marion County, 10 September 1950 — Page 42

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PAGE 42 _- = THE INDIANAPOLIS TIMES ________

Oulook in fhe Nefb— These Homes So Inflation’s Here Lack of Controls Fans ; Fire, Wage Hikes Light

By J. A. LIVINGSTON | & THE CURRENT POST-WAR BINGE just cannot last, Shakespeare would describe the times as “out of joint.” i The rise in wages, prices, profits and dividends while U, 8.1 troops are struggling 5000 miles away to hold a bridgehead in Korea is a political, social and economic paradox, z : | *~ President Truman, himself, goes to the head of the class in| political contradictions. Just when . _- the morale of fighting troops 25

ee niada, 0d, + TE “Comr Ar Bune o thie ed Forces, insults the Marine

ural target as “unearned income.” |

SH - PSR > oP Eg Pies = SC Sl 1 ANREP ha

again.” Wall Street brokers are |

sending out letters to customers This three-bedroom brick home at 5702 Haverford Ave:, was sold last month by Robert W. Sams

dropped during the first World

ests tension in Washington and : Dn lack of perspective. War and again, during and | 8 Walter. P. Reuther, president of after World War IL | the United Auto Workers, gets _ Inference: History's going to | the Phi Beta Kappa key in labor Tepeat. i paradox-psychology. He admon- Conclusion: Invest in com- | . fishes Congress . to .restrict and ™Mon stocks. : keep down prices. But he's John- H you own a piece of General | ny-on-the-spot getting wage Motors or U. 8. Steel or Penn- | boosts which inevitably push up ®¥lvania Railroad, you own a | the price level. share of the brick and mortar | Of the Ford. agreement, he ©f their buildings, the technochortled, it's the “best in the in- logical capacity ‘of their ma- | dustry.” Yet it superseded a con- Chinery and locomotives. tract which took effect only six _ 0 You have a hedge against | months ago. Fast obsolescence. inflation. | Chrysler Corp. must share with It's all so pat and unanimous. General Motors and a host of Yet, you can’t get away from one others honors in anachronistic stark fact: The Army sent out a! . action. After Chrysler granted Selective Service call for 70,000! -. workers a 10-cent-an-hour boost, men in November as against 50, - <24t voted shareholders a $3 special 000 in October and 50,000 this’ A _hhh_—— i; dividend. month. "This war isn't localized in Mr. and Mrs. Clarence C. Worley bought this home at 2915

The company can well argue South Korea.

Mr.

are entitled to participate in in- Main Street, Broadway, = and] sale was handled by Berkley Duck Jr. of Spann-Co., Inc. market. A. K. Carnine “handled the sale.

ld On Fast Moving | Estate

house

and Reilly.

and Mrs. Harold Murphy sold this single bedroom home last week. The home is at 5547 “that the owners of the business It's reaching out into homes on N. Talbot Ave. from Mr. and Mrs, Lawrence C. Duckworth, The S. Randolph St. Mr. and Mrs. Marion Beardslee took the home off the fast moving local real estate

creased production and profits. But Smith's Corners. KEIN)

ia Yp 10. art 25s omnes poopie ure go. Avtomoliies Cattle and Lamb | City, County Builders Set New Records in August

i . e ’ . In August of 1949 city builders | Corporate dividends this year phases of the defense program. At | | are 7 per cent ahead of last year, (This subcommittee {s comparable! i ace- f in ime they (Artal 274 vans worlh made a arta Ji 2 cash ron value of ,123,400, and county builders marked up 157 starts!

» * * Ee nun) 1 meome? on mem anion Jone 0 Price Increases Hinted

| . ation when Congress convenes in ices Preparedness Subcommittee, 1 Advance January. calls the “siesta psychology” in { (Continued From Page 41)

| Hogs Also Gain After 52656476.

and are well above any year onto the former Truman Committee August of 1949 is almost lost

record. In wartime they're a nat-'in World War II.)

Rumors of Minor Model Changes at Higher

Post-Holiday Slump inthe dust of the tremendous!

Toured 24 States

(Continued From Page 41) older; lacking sanitary facilities. And, more to the point, the tum-ble-down town is within spitting distance to the government square (Federal Court House, City Hall, .

| American Legion and other a i TTT STIPE Se > prise

STIS eA 3 PRPS, Th as RT) AA “banks have shown interest in the | clearance .plan, the commissioner { wrote. So have private buflders. The plan would work with the {state kicking in $15 million to clear and replace the slums with {homes renting at $8.95 per -room | monthly. In addition, he said the |state would contribute $525,000 annually for 50 years to keep

Corps : Hl this at 3962 Carrollton Ave. fr Fortunately, the President re. reminding them that the pur- | Schermerhorn, fo Gerald D. Howell. Mr. Howell is associated with Western Electric and Mr. Scher- Mr. and Mrs. John E. Scott. The sale was closed by Noble C. tracted. But the faux pas sug- Chasing power of the dollar | merhorn with the All-State Insurance Co. Jerry Pitman, of the Walt Yeon Co., made the sale. Butler and Howard Fieber of Fiber

{ AH Mr. Stichman ithat the government under slum iclearance authority “allot, say, {$7.5 million to help.” |“ His letter ‘was sent In icause of expedition, to eliminate the usual procedures.” tape, build public houses and grab the Chinese vote, too?

Boom Links

THERE'S ‘A tremendous chaia reaction begun when that first shovelful of turf is dug for a new

rug boys dust off their account books for new clients. New houses are business pumpers. Millions of

But house-building is in itself the end result of a chain which began with the seedling and mining ore and digging for sand. Since 1946, the first post-war contractors have started and ended a gigantie reaction with erection of more

roughout the nation. That's a lot of rugs and bed. sheets. It's also & lot of basis material. Take a look: million beard feet of

sacks of cement 4.3 billion square feet of sheathing of n y ol 44 million windows and frames

52 Hillion linear feet of kitchen cab 460 million linear f£ fr In eet of gutters and billion square feet of floor severing

t of This was the estimated amount |of material used in inflating the boom in building. National Association of Home this generated $28 billion. And if you're in the home-buy-ing market, then you're responsible for a big hunk of American

TRASH-GARBAGE BURNER

! : | KOREAN AFTERMA | Cost will Strengthen Current Demand | CHICAGO, Sept. 9 (UP)— Most tidal wave of buildings which has With cash value of $1,606,550. TH i By the Automobile Editor 'classes of cattle and slaughter SWept the county this year. | Here's the chart: Production. employment, prices whoosh up- AUTO DEATERS are beginning to sniff the turbulent economicilambs went up in price on the 5 = =» "= = = ord Even common stocks rebound. |air. and smell price increases. But they do not expect them to break|cpicago live market and hog val- IN DIAVAPOILS - 17S | > by, t | § #05 | This will be anywhere from the first of December through ues have improved since Wednes-| 1950 12100 s ___% | January. day - following a post-holiday Starts ...... teresestieesaes 611 8 a1 They reason that the wage increases granted by the Big Three slump. . { Value ....... Ceerireaees ..& $ 4895950 $ 1123400 = is setting the patern for higher —— eo , ight- is mt [prices “Fits will be easiest to Used cars were off $100 to $200 ne Week's stockyards receipts . ~~ Eight-month par son F eoof § (take when the new models create at the last auction. And this was Were estimated Friday at 30,500 Starts “0774 130 their annual flurry of interest. bad news indeed to the specula- head of cattle, 1400 calves, 31,600 NIUE oon sasesaseseny R07 4 12.784 129 | For this reason there are a tors who lost that kind of money hogs and 7900 sheep, less than alue sorpvrrrriiiiiinans.. $18,071,080 $12,784,1 120 {number of new car prospects who in cars sitting on their lots. last week's run in all cases ex- MARION COUNTY “WY : 0 Jotnge there will be little change 4-Wheel Drive Jeep cept sheep’ which were 800 head (22 other incorporated towns omitted) LL) SA Lf 3 Vi other than a face-lift in the 1951' yyy § vg OVERLAND has high higher. : August ices a pesto a0 { models, and who want to save the . ations for its ’ Because of Tuesday's drop of 1950 ob rropuCTION $100 to $150 increase in price. A boii 8 new four- as much as a dollar, barrow and Starts .............. reverie 318 FMAM J ASOND J FMAM J ASOND 30 OO oPaAN IJ ASONDI Fass aaa T° (They will take 1950's if they yi Lorrorme wy AoE: atk gilt hog Prides TEIBAIR S1eAdY to, Value ........ ves durkan ve... § 2,887,165 $ 1,608,550 ee a Date S Poors Corp. Fed Bes Board. 000! L— uno jen get them. country, at resorts where it can/week ago. Sows ns steady lo Zignt-month Eotifar Hon Depts of Labor Commerce Prpared for J. A. Livingston | | Nowhere along the line has the 1, griven both on and off the|50 cents higher, largely due to 2950 : . {demand for cars let up. Even the . | 3 ’ Starts 1644 * | A |seasonally short supplies. KB ssesvnescsessesesnnacs | Store Buying Up 89% : Fy thermole, JAterica has| traditionally slow movers, the, mone four-wheel drive Jeep will Upturh Seen Brief Value «iusveanssses seeneess $14,765,748 $ 8,809,650 one an awful lot of antic- usually low production independ- y.4die over beaches with I { » GRAND TOTAL CITY AND COUNTY : Ipating. Immediately after Korea, orders for automobiles jumped. ents, are loaded with orders. This! gravel and negotiate a 00S€| \ost trade observers believe (Including 22 other incorporated towns) I won't go through another war without a new car,” was & ©om- means gravy for dealers who in field with equal The ae, the upturn, which started at mid-| . January-July January-August § ashes A Sxpression. ; lordinary times have to hustle for | pets shaken u a the , will be of short duration. 1950 ; ar UStives. Sourtied shes Jugal, canned goods, and nylons. a living. car can take > , This may be partly because COM-| iarts ......eveeeeseeseness 4566"* 3332 gu ey! ee - “| Ne . ditions in the country are induc-| +; wanes 826* an ware Resmi, otrd 0 ae Sarialy ar was omy six MoNTHS The Long Look ing some farmers to send Unfin- Smrsiminare Tome. $35,985,826", $21,112,509 orders Boomed. to July. True, department store 28° that dog-eat-dog tactics were. WORD COMES THAT Stude- "hed hogs to market. eR mpera Department stores are a good orders usually rise in July. But Betting into the sales field. And pgker is looking far past the ini-| Sickness reported in pigs and Building Owners example. A group of merchants not that much. The previous high here was some customer grab- tia) sale. hogs, although nothing even rereported to the Federal Reserve was 49 per cent in’ 1940. bing. But not today. There is| In the Land Cruiser, the big TOtcly like an epidemic, has en- Tg Spydy Lighting

8 ot a dealer who can fill his |coura, roducers whose neigh-| Soberin As a result, The National Association of Purchas- orders. a TR audtuiar Rs Nylon por Sed p overs Yims 1 po CHICAGO, Sept. 9—North CenTL duis Bas 1G ing Agents feels that the “sharp upswing started) The “backroom” is worrying compartment and Fen Snndh ron [healthy shoats rather than risk tral Building owners and manaSta ree & Po 's C a Yop: “ ; |dealers. It's their repair shops. the seats. jmfection. gers will meet in Cleveland Oct. this 1 y 1 Sore orp. suggests that “there may be a r eaction| They have parts enough but get-| These hold up better, and leave. Other producers have marketed|, for an all-day refresher course fall after much of the recent anticipatory buying has been ting someone to put them in i5/the car in a good Price ana [light hogs rather than buy corn on light for office buildings, digested and before military preparations swing into high gear.” | another problem, quite. distress on the uted Gar Jot P B® to fatten. These growers have t ie Uneat Bogen. The Federal Reserve Board |— | . * 'been unable to put the hogs in ® an: prow 2p am will supcourageously is taking the lead. | envelopes in October. And an-| The younger mechanics are The Eights _ corn fields because of the slow! e spec Progr p

It has served notice on bank- other tax bill is due next year. ticketed for the draft and the] THE GOSSIP IS ROLLING Progress of the crop! LE the Zustomary ivosay) at ay busiavts wen ay fhe So the pace of inflation is dye older men are drifting to higher along Auto Row about what's| Slaughter Steers Steady |Conference. The regular business significance of its action a ine {for a check. And the economic Paying jobs. In most shops this! coming in new models. The week's top was $24 a hun- session will be held Oct. 6 and 7.

has put repair work on an “ap-|. The guesses.are that Chrysler dred pounds; the same as last Nearly 250 delegates from Illinois, creasing the rediscount rate, {mood.of- the nation; etading |i t ment basis.” { Will have a V-8 but not down to week. Most good and choice 200- Indiana Michigan and Ohio are! from 1!; per cent to 13, per | Wall Street, is likely to undergo . the Plymouth Line. u {to 280-pound..bufchers bro: t! t k cent, hasn't sunk in. a change. Used Car Slide | are Bb a reported gn 2 Lovnd butchers brought! expected. oo It means that the Federal | AN inflations, whether eco-. WHEN IT LOOKED as if g0ld- tooled for. a V-8. . kinds stopped ot $23. Sows sear gv «Reserve really intends to-elamp nomic or emotional, have downs ®0 HEhining had struck again’ Jt js undoubtedly the Ford ing 400 pounds or less sold from General Motors Output down on credit. as well as ups. in the car ‘business with thelg,ccess with its own V-8 which $19.75 to $22.25 . . pemieny B. Megabe, Bound Ha i se— | Rgrean War and : feared shut. has touched off the trend. Slaughter steers and yearlings Gains During August MRrman, wou no ave | 0 n car production, a Io o ished ’ | ETROIT, Sept. 9 (UP)—Gen-| risked an open conflict over Brand New Tavern |uew faces appeared in th: used Factories Too? an 5 at es Motors — boost re pro interest rates with Secretary-of Has No Bottle Opener {car trage. DEEP INSIDE THERE is & cows around 50 cents higher. . 4d truck the Treasury John W. Sayder | ooo. corn © | The re-enforcement of regu- rumble that all but one of the Vealers were steady to st tion of passenger cars and trucks if he hadn't meant business. | } NGFIELD, TIL, Sept. 9.jation W a week from tomérrow manufacturers is loading" cars pulls steady, and stockers and 12st month, lifting output for the It means that if the Reserve (UP)—Lou and Dick Moakley will step up sales this week. ‘with accessories at the factory. feeders 25 to mostly 50 cents Year so far to 2575752 units, has anything to say about Worked day and night for a week Some of them got in, stayed. While this displeases dealers, higher. "compared with 1,909,084 a year housing loans, such loans Will tg do the hundred and one things °P1Y 1008 enough to get their they say nothing. The top price, paid for three ago, it was announced today. be harder to get. It means that |, ....4 30000, t fingers. and. bankrolls, burned. They. need cars; and now is nojoads of choice and prime 1255 August production totaled 364,installment and consumer- credit re opening their NeWiand. got out. The price-lift in time to complain. But they find and 1318-pound steers was $33.15, 942 passenger cars and trucks, will_be limited and even cut ‘avern. {used cars was brief, irideed. it difficult at times to tell buyers The bulk of good and chojce compared with July output of back. Finally they opened for busi-| What dealers found was that the delivery price is a couple of steers and yearlings sold at $29.25 326,907 units, ‘with 291,383 cars The Reserve intends to reduce ness. . |it differed from the last boom ' hundred dollars over list because to $32.50 and mest similar ‘grade and ‘trucks produced in August, the money supply, to stop the in-| { crease in purchasing power at a The first customer ordered a/of used cars. But three years hadi tory.” . mand for beef cows was broad at 1941 month. — i bottle of beer, When they tried to elapsed with new cars at capacity A ——— $18 to $21 | ——— time when the supply of goods i ) SILVER i. $21. for civilian consumption is likely Serve him, they discovered they Production, and old cars being ® s. LINING

Tragedy. AN ANTONIO, Tex. Sept. 2 @: 1:6. lal. Be: to ‘be reduced: (UP)—A dog walked up to a san Simplify Clothes Rinsing

[had forgotten one important) NU-WA

ry > . n o. n Ine sams. mp, Te ax blll thing. They didn't have a bottle, IT ADDED UP in this way. Antonio man and bit him in the Galvanized steel twin tub laun- | HOME SUPPLY CO. CEN 10 cul MOre oul of Pay opener. "| Wholesale prices on used cars leg. Two hours after the dog dry sets simplify clothes rinsing. | The One-Stop Bathroom and

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