Indianapolis Times, Indianapolis, Marion County, 1 October 1950 — Page 42
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riven Going [FY ork on Hoof ‘Things Going ES Hite Downturn Just Too Well JES py oe dm In Slow Trade
Rise in Production, Wages, > er aon I Cattle Prices Drop
Prices Accompanies Korean War By@. A. LIVINGSTON | : ; : - . IN CONTRAST TO THE GRIM doings below the 38th| On Heavy: Supplies =, Parallel, the Korean War at home has been gay—too gay. uring Week ET Prdduction has just climbed to the highest level since CHICAGO, Sept. 30 (UP) ——f /- ’ -of loyment. has vanished.| ces of Pork sold "on the hoof”| before V-J Day. Fear -of unemploy as «/dropped $1 to $1.25 at Chicago! Wages, -prices, and dividends are up. ’ |stockyards this week and are now| 3 The hardships of war have not yet caught up to the lowest since the Korean war
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: {began pushing up prices jast June.' |} workers, farmers, business same for Bis WOFRGER In steel, The top price paid for hogs meén and corporation stock- plants. {marketed Friday was $20.75 a holders. You can see it all To Alchitan, Topeka 4 San llars less than en i avers) 7 I —_— : plainly in such recent develop- 2 anaes re oa a Trading was slow and prices| This two-way doublé was taken off the real estate market in mid-September by Realtor Kenneth | Moving fo Chicago, Mr. and Mrs. Robert Rabiner sold their ments as these: on llerly rate from $1.50 to $2.|538Eed in almost every session of Fry. He sold this property at 5129 University Ave.-5125 Atherton Dr. for Ralph Reynolds. Mr. | four-bedroom house at 6036 Carrollton Ave. to Mr. and Mrs. B, ONE: Aluminum Co. of Ameri-|yheeling Steel votes a 25 r|the week. Fry also helped Mr. Reynolds find a new residence at 318 Campbell St. This double is in the old | Landis Pressler. Mr. Pressler is associated with the Eli Lilly Co. The ca grants Philip Murray's United cent stock dividend and. Philco/ All cattle prices also went down| Campus Terrace addition. Mr. Reynolds is chief engineer for Holcomb & Hoke. transaction was handled by Bob Butterworth. Steelworkers a 10 per cent wage'a two-for-one stock split up, ut not unduly so considering that| _ . i g ; . : . increase. in contrast to the ear- THREE: Phelps-Dodge advances T¢ceiPts were exceptionally large. i dbs ; ’ py lier 8- to 10-cent-an-hour wage the price of copper, Republic Steel Slaughter lambs and yearlings| _hioost by Chrysler, Packard and|/and other companies pig iron,| ropped- 25 to 50 cents, but] Ford tr the auto industries. This/and the Aluminum Co. of Amer ®/aughter ewes held strong to 50) = amounts to about 15 cents an|ica aluminum ingots. {cents higher at $12.50 fo $14. ~~
hour. Now Murray wants the ,The Trailer Coach Manufac-| Cattle supplies during the first x |three days were nearly heavy!
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’ {enough to take care of the buying CONTRAST IN COMMODITIES | side for the whole week, and that, Industrial prices push to postwar high as farm | together with lower dressed beef| p prices lag 9% below 1948 peak. (Prices. worked a Hardship on the! 200 00% || ' i | Cow Prices Drop 180 180 = Even so, the market for slaugh-|
% | ter steers and heifers went no Z| more than 50 cents lower or, in! |instances, 75 cents lower. Cows, | { however, were a drug on the mar-| TH @||%et and sold 50 cents to $1.25 & § | [lower for the week. | Zw : 3
sects eee. NDUSTRIAL COMMODITIES o" “eo, \ ’
Prd Copan aennnd
| Lamb prices closed weak at the ” : |25-to-50-cents decline but, in ac-| : pha oa ; [tuality, the market looked about Mrs. Nellie A. Jacobs and Mr. and Mrs. John M. Jacobs of | Gil Carter reported the late September sale of this three-bedroom residence at 702 E. 73d St. ile as good as any time during the Chicago have signed a proposition to purchase this dwelling at | to Ira Weaver. The dwelling was constructed by Rolla Willey. Mr. Weaver is associated with the In. SPMARLS J AGOND] FIA 7A SOND FAAAMY J A SOND] FMANI JAS ONDS FRARIIAS past: few weeks, with the price/ 4547 Payton Ave. Price D. Garland, salesman for the Bob Graves | diana Wood Products Co. The modern ranch-type home is one-story with stone veneer apd an et 946 md 19 47d he 1948) Lee 1949 rd bere 1980-1 continuing to stay at 328 to 328.50) C4 is handling the transaction for Mr. and Mrs. Paul W. Webb. | enclosed front entrance. -
- for native offerings. Duress of Labor Prepared vingston | Doss Suseas af Statistics Jed ALi In Friday's market, virtually
| 2 : hi . . . : 4 : LN |all available weights of butch 0 h C i d A t S th t L b D d turers’ Association cancels It) attct a married couple with [30 MONG Reet wea san ;1OME Ownership Calle C r Symineric Lumar Leman income reaches $52. That week-’ [With good and choice 200 to 280 |
7 1 ; ® * | | a ® Jand ow, 34. Mamitacurers are ly deduction remains unchanged |Pound averages bulking at $20.2! Foundation to Patriotism On Fast Side Up as Supplies Dwindle | | i : ?
haying a sales exhibit? at 20 cents. to $20.75. The weeks top price!
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WHOLESALE PRICE INDEX (JAN 19462100) » > oO [= | !
100!
FOUR; Farm marketings (n Sep-| On a $60 weekly income, (was $21.75, paid Monday. ' National REB President Urges Door | Cheaper Prices Forecast by Housing Expert; y totaled approximately $3 married couple with two chil- | Hit Top at $33.50 1 | . : , ’ billion, or ‘Slightly above a year dren must pay $1.70 instead of ’ Be Kep t Open for Purchasers H. A. Swafford Lists | Cites Advantages Over Natural Product
8 . | ago. In the forepart of 50 re-| $1.50; on an $80 income, $5.30 CONS TEEPE. SOL IAL U0) Although new home production will be curtailed in the months] Five More Sales NEW YORK, Sept. 30 (UP)—Synthetic lumber is coming to
* ceipts were running below 1949.! instead of $4.40; on $100, $9.20 with a few at $20. Most 400 to ead, home ownership must be kept available, realtors and builders {the front again as the nation’s lumber reserves continue to dwindle, FIVE: in the last four months,| instead of $7.70. 500-pound kinds sold at $18 to $19, Were cautioned last week. | Long a stronghold of heavy And people who live in sawdust houses will pay less for them, business loans of reporting ed, The impact will not be great.|with those from 500 to 600 poun ds| es, = talks before reany geoups In Pea Moines, Iowa, Robert P.inusiness’ activity, the East Side Joording So Robes A. Caughney, reskarch director of Souhegan ;‘ber banks have increase {But it will cut down spending to at $17 to $18. rholz, president of the National Association of Real Estate), . y..n perking with the influx| 8, n, N. H. ;
{ than two billion doliaes 3 $15 some degree, especially in the] The top steer price was $33.50, Beas Warned Sh I A eo of war plants and workers. | i 2 Yepo gt the American Society of Mechanical Engineers, . billion. ' They're nearly ot PET | lower brackets where income re- which went for numerous loads 28 usual hast : .-y And East Side realty sales aval Sughty id high a third the amount of timber now cent higher than a year ago. : ceived almost invariably and (grading average choice and bet-| TWO: “Doe dol S : been right at the to [ST alle d wood Favs i required for producing an equivaBusinessmen are borrow ug necessarily is spent for living ex-|ter, with most good and choice tht Ti 5 Mean ang we 3 ; P- {3awaus Eo thetic en £5 ent amount of ordinary lumber. : partly because this is the time of | 0.00 {fed steers and yearlings at $29.50 ng possible and consisten This was reflected again last bonded synthe Rn MAY |. wo: It wil be possible to
but also because they want to constimer credit should begin to Steers ran 326 to $29.25. amilies that are reddy for by Broker H. A. Swafford of the'which the lumber operator now igh quality specifically designed
. | 3 { the year to increase inventories At: the same time. curbs onifo $32.50. . Medium to low-good | pers yor the defénse program or Si Pr ie t month in the sales report issued be produced from logs or wood produce material of uniformly be protected against shortages {home ownership to become owners East ide 0) C Swafford Realty Co. This East|considers inferior or unusable. |
The bulk of good and choice) | for an intended purpose, with the
‘and rising prices. And real restrain instalment purchases. . {of the home that are available.” | 3 Side real estate dealer reported; He said houses in which syn-| ” 2 are up 19 per cent And expected limitations on hous. "TI"? Were $28.75 to 830.75, with! “yi Gernolz said that “the| 34 He Sell five property transactions com-|thetic lumber’ is used will be i lSTINSOC SEWING of waste and estate loans are up ; [good cows $21.50 to $24.25, late ai { mes | {loss through degrading. from a year ago. ing credit will put a damper on... = <iq x0 gown. Medium ana Sivilizing benefits. and superior) fo Fi ish pleted in the rushing weeks. of cheaper, since thé synthetic boards. pyppg: Labor requirements People are buying urban and the hot, nothing-down- n-MANY-| 004 sausage bulls sold from. $24 117€ fostered by home ownership Before Fin September. require less labor to produce. [for the production of 1000 feet of
rural property, preity much as years-to-pay demand for homes. 10 $26.75. and medium to choice, 2T® fundamental among the things | Two doubles were listed among Mr. Caughey listed five advan- synthetic board are less than re-
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they are buying common stocks Indirect influences also will be| 3 {we fight for. We must not only . the properties sold. One at 730-32 tages of synthetic lumber over|..,..q for r. ee hedge against infiation. at work. The National Associa. | Vehlers ns 10-319 a | keep the door’ to more home own- |tinuity of operations,”. said Proj-\N Bradley Ave. was sold by Cova conventional lumber. They in-| 1 Lowe é unhes ‘ iership as widely open as possible, [¢¢t Manager C, R. Krabbenhoft. |MeMakin fo Mr. and Mrs. Huey cluded: r Quality of Timber
But. now, in the next few tion’ of Purchasing Agents re- y bs re ‘ x Rg . he ‘the inflationary Whirl ports that the “rate of increase Father's Bike Promise but we must redouble our efforts] This new development as CON-|\mavior and the other at 321-23 N.] ONE: A thousand board feet FOUR: Since a much lower
¥ . : e {templated by the Grinslade firm, |of synthetic lumber will require JUality of timber can be used for All get a test. {in mew orders for September was : to show more American families Keystone Ave, was purchased by Counter - inflationary forces substantially less than in Aug- Fulfilled in Death [that home ownership is the right "a8 first disclosed in The Times Opal Reynolds from Clara Zix. |the cutting of not more than one- [Raking ahetie Sop bet than “will be at work. The increase |ust.” It's possible that advance] BIRMINGHAM, Ala. Sept. 30 step for them.” oak fast Maren, Tow A residente at $43 Parkway was| ’ As lumber, and since the log requirein the payroll withholding tax buying has left some companies|(UP)—Five-year-old Leor Worth-| The Association leader also, Gone Before Up jpurchased by Mr. and Mrs. Joho ‘Flaifop’ Homes Are ment per foot of finished board
oes into effect this week. overstocked. And it's quite clear|ington Jr. had ‘his Christmas pointed out the “aspiration for ; : ; |Guthrie from Mrs. Maude Hayries; EE will be much - ” single person earning $40 (that at some point inventoryjearly. He received only one pres-'home ownership is in itself pro- Naw u's Jone De ey: 717 Martin, Hoy D. Scott trom Popular in California less for the syn
thetic type, the timber resource a week will be taxed $5 weekly building must cease, especially in|ent, & gift from the father whose) quctive.” (built dwellings will be similar toler, "nd Mrs. Franklin Day, and =BERKLEY, Cal-—ihe 403-Par lot the country will be automat: instead of $4.10; a married view of the order of the National Para . 3 en f . Incentive to Work /the earlier developments, Mr. SOIT oh Pt Ie. / "| Shuster Hage an article in the cally increased several fold. : couple with the same income, Froduction Authority to keep|® Little Leon—F they call “It gives. extra incentive to Krabbenhoft said yesterday. : y ZL f sub, Wags of “Correlator’” FIVE: Use of synthetic lum$2.30 1nstead of $2.2. stocks down to a “minimum prac-|, = Might not have understood, Work and save” he said. “As a However, floor plans ‘and var-|g’ . 5 August h the Na- DST; hecaute of ita. iherent. Jow The withholding tax does mot 'ticable working” quantity. m--migut not have uncers fo : a : lied : Fraternity Group +. magazine, published by 8-icost, ease of handling, ete., will : |his mother sald. But . wanted family goal in savings programs, [led roof lies will erase possible tional Association of HOME tend to reduce the cost of : Furthermore, ~corisumers them: him to hive the bic cle now. (home ownership has no equal in construction monotony, Mr. Krab- Elects Fred Tucker Builders. <on-
. heaping; benhoft ; \struction, and therefore, make for Autos and Houses selves may be “bought up.” De-| Leon 8+. had bought it for bolstering the success of savings | said ARother BOBOF to Realtor Built by Earl W. Smith, four joer cost building than is at
for automobiles and houses may drop from ‘natural causes.’ Buster to have next CHristmas. It bond drives.” {| AN homes will center on lots Fred homes r day are being com-| possi gan persons put in orders for autos immediately after Korea, was being kept at the home of | He further stated that the averaging 50 by 140 feet. They'll C, (Bud) Tucker TE ast ior large, sraets. Two. | Proront he, reasoning: “IT don’t want to go through another war on an old car.” neighbor. | “home ownership drive right now be serviced by all public utilities =, ° _ 0... o ecutive of the F, bedroom homes sell at $6795 . The same goes for housing. But once they perceive that cars, Then the elder Worthington will make concrete to the Amer-0n a street already in top condi- "ru Wo 0 ana viee president While three-bedroom units cost re and houses will still be built, ~——— took his two so-s on a picnic.ican people the fact that they areltion. The larger lot sizes 8180 i 1. Rea] Lstate Board was only $7795. The article described } i anxieties may subside. then this much seems certain./They went boat riding The boatifighting for something besides an Will enable construction of side "_. president of the Delta Tau the sales tags as “sensationally ou The main point is this. Since President Truman will have to/overturned and Worthington Was abstraction; that home ownership drives for all the dwellings, the , ,.. \jumni in Indianapolis. low.” : . - Korea, buying has been largely introduce much more étringent di- drowned while saving the Hves|iq the thing for which people are Manager said. : Buran od i tr lo ! The homes are of flat roof,
a {of Buster and a 9-year-oM wing to fight; that patriotism : ls . Mr, Emmi sesesvas aniston. Toe Thao ek at rect control than he ow con rg ing lo Seb: 0a paren bowie rior |Homes Averages $7800 [miners deter dr smn | ERERSS iii iitn, ‘templates. : Mrs. Worthington said her hus-/ownership.” | Featuring double hardwood) whe average unit construction public acceptance several years NEW WINTER N However, as yet production of ~The time for doing so will be band had bought the older boy a . ny; country itself is an re plastered, painted and cost based on adjusted building ago before he could obtain FHA | OURS tanks, guns, planes, and ammu- late in November or early De- bicycle and he ha” promised BUS-/;ro5qion of the desire for home Bobercy Walls and picture Wih|permit valuations of all privately jor VA approvals of his “flattops.” | 7:30 A, M. te 5:30 P. M. nition has nat begun to eat up cember. That won't be because/ter one this sear... blevele to OWnership.” Mr. - Gerholz sala] 300, stylish bungalows Were! financed new homes started dur-|Since then, thousands of homes - large quantities of steel, alumi-'he's waiting till after the efec-| She ig she save Tr Cy 0 “The millions of persons who: 35 straight ‘eterans Amin-ing the first four months of 1950 have been built throughout Cali-| Except Moun. and Fri. num, copper, ete. That won't take tion. : Fes har ae i ee ype for CMe here from other countries| Stra loans. «+ |was $7800, reports the National fornia from Mr. Smith's original Open Till 8 P. M. place until well into 1950. It will be because by then he ri A a 4 miomised, came for one predominant rea-| Approximately $52 a month ggsociation of Home Builders. |designs. i : Meanwhile, many companies, and his advisers will be able to Dim. just as Pe * |son—in order that they might/Will amortize the 4 per cent, 20having stocked up, will cut their judge whether higher taxation own their homes and farms. |year notes on principal-interest, commodity buying. and the price and the possible end of inven- Southern Town ‘Holds | “That was the powerful motiva- taxes-insurance basis. APPLI LY rise, which has been so rapid tory building will grant the Monthl Barter Da ; tion-that ereated this country and: Additional features of the new (3 lately (seé chart), will ease. country a resting spell from in- y y this is being lost sight of” he'houses will include cabinet walls’ If this price spiral doesn’t stop, @ation. SCOTTSBORO, Ala. Sept-—30-said. “Tt must be restored if we between kitchen and dinette, full ETih FURNITURE n epee - % — - > ~ (UP)—The first Monday of edch are to have trué patriotism. We basement with hot-air heating : UV. 3 * month is quite a day in Scotts- see in other countries how patriot- units, aluminum storm doors and Southern Firm Sells A. W. Clowes Joins [ou It's Barter Day. ‘ism dies when home ownership bedrooms large enough for twin! 186 ‘Economy’ Homes Ch 3 Vv | Some 6000 to 7000 pérsons come dies.” ‘or double beds. % : i 2 1 2 y P *4 (®) N [4 o C y i NS T ; nes olunteers into town, bringing pigs, chickens, * mittee i Near Sehool *
LAKE CHARLES, La.—Homes Allen W. Clowes, an associate handmade articles, dogs. farm| Marion Firm Buys © : built here by Southern Construc- o¢ pS Moseley & Co. invest. equipment and truck produce, to j The project, like the other Grin-| tion Co. have been written up in + bbak Lif, ; trade or sell for cash. Patent’ Fred W. Wappat, Inc. 'siade developments, is near a pubd-’ i . A wi P10 ment brokers, Joined the ranks of medicine men and sock salesmen’ Paul Tones. president of Ameri- le school at 2Tst St. and Riley! the August issue of CoeTgIater. the Indianapolis Community go up their loud speakers oni can Security, ASC Corp., Marion. Ave., shopping and ‘entertainment published by the National Asse- Chest volunteer j trucks and bark their wares oni gang president of Cummins Port- center at 16th St. and Emerson ciation of Home Builders. workers today. the lawn of the county courthouse, able Tool Division, ab, Se alAve. Yrahsportation skirts the| Twy' “economy” Models were - Mr. Clowss, 3 | where the famous Scottsboro rape announced the purchase of the development along 16th and 21st’ pictured, at prices from $6650 and graduate of Har- [trials were held. iS of VoWocat Inc. Sts. and Ave i up. AN 136 homes in the project vard University, Fred . ppat, oy OVS, Emerso . ;
have been sold and reservations is treasurer of | The construction firm, headed
| Down the street a wandering Mayville. : |preacher knows he will get a The newly acquired property py’. E. and C. O. Grinsiade, has
crowd to “listen to the Word of gin be operated as the Fred constructed 33 larger dwellings on {the Lord.” Hill-billy bands play. |Wappat Division. All personnelBancroft Ave., at the rear of the
- new tract where 274 homes'are tal Hygiene Soto start soon. i ciety and headed
ety hd headed | ag shore Eas ees polag fel wil be retained, the management ciyrent project; 111 houses : drive for funds. years. It’s growing here instead of . : 3 Linwood and Euclid Aves. and 48 CHOOSE WISELY — CHOOSE He was a na 5 {fading out as Barter Day Das: jon Calorado Ave. All are in the : v3] , SS | done in most other towns. (Homes Sell for $7500 {1700 to ~2100-blocks on these K Tt during World wm Clowes | meer | KANSAS CITY, Mo. — More thoroughfares. I CYS one War II and is a. .. DAIRY EMPLOYEES than 38 per cent of the houses ad-! While the new project will cost
member. of the University Club,| Estimated workers employed in vertised for sale in Kansas City well over $263,000, it's, the Dramatic Club and the Har- processing and delivering dairy with the price indicated during chip away the 'vard Business School Club of products in the United States the past six months were offered $7500 range by the Indianapolis. | total 250,000. (at $7500 or less. ,Grinslade outfit.
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Tre Union Trust Company
4] THE INDIANA NATIONAL BANK
vr ; J '. “AMERICA'S FINEST” |} | - OF INDIANAPOLIS (8 | oF InbiaxaveLIs clearer. pictures than ordisary TV Aluminum Sform-Screen Windows Notice of Shareholders’ Meeting | - Notice of Shareholders’ Meeting * ~~ NailP in antenna. * Selt-Storing Ventilating Notice is hereby given that pursuant to cull of its Directs, a special | | | Notice i hereby given that pursuant to call of its Directors, a special Hend-rubbed mahoga- © Extruded Aluminum i meeting bf the shareholders of The Indiana National Bak of Indi- 1 * mesting of the sharshalders-of The Unidn Toust Company of adi ny cabinet. ® Won't Crack, Warp or Sag || anapolis will be heid at its banking house at 3 Virginia Avenue in the | | | 3na50 dll he hed at its banking house at 120 East Market Street, © Fuel Savings More Than Pay | | City of Indianapolis, State of Indiana, on Thursday, October 19,1950 | | the Sur 8 Incisnapslis, Stxie of Yodiauay on Thana], Octuiber for Installation .at 11:00 o'clock A. M. (CS.T.) for the purpose of considering and | | br at 1:30 o'clock P. M. (C.8.T.), for the purpose of considering SIORMSCREEN FOR CASEMENT | | Cctrminiog by vote whether an agreement to merge and consolidate | | determining by vote whether an agreement to merge and conBR the said Bank and The Union Trust Company of Indianapolis, 1 National
solidate the said Bank and Trust Company and The Indiana of
located 1 : 2 STORMSCREEN DOORS. he Said ak ' 4 nder the provisions of | | | Penk of Indianapolis, located in the City of Indianapolis, State of | oF aa I iy Tuctanapcls, Sch, Sis Ot Enda Wider i Prinssion of | | Indiana, under the provisions of the laws of the United States shail be om : ST. : z the purpose of voting upon any other matters incidental to the proposed L adopted, ratified and confirmed snd for the purpose of voting upon : Batic A i \ Defers Buying Any Window merger and consolidation of the two banks. A copy of the aforesaid | | | any other matters incidental to the proposed merger and consolidation | |B re BL Insist on~Seeing Keysione Agreement executed by a majority of the Directors of The Indiana | | of the two banks. A copy of the aforesaid Agreement approved by the 1 | if gation tobuy. + | if lems wnallbh SMALL MONTHLY PAYMENTS National Bank of Indianapolis and approved by the Board of Directors | | Board of Directors of The Union Trust Company of Indianapolis and Fy WR i RATE pre tmnt CALL BL 6911] | To non Tris Company of Inchaupol, peviding fo ho come, | || Snecma of the eecos of Th Fina Nation Bonk REE DAILY TV SCHEDULES Prompt Delivery i solidation, is on file.at the Bank and may be inspected during business’. of Indianapolis, providing for the consolidation, is on file at the Bank rev ih T0 YOUR HOME KEYSTONE ALLOYS || "= Eh ay bs peed d | [| and may be inspected during business hours, ~~ 7 IL q Tien Yo FO jh ot OF INDIANA . . w.Gaoen or $OARD oF smecrons: ce : £ §Y CIDER OF THE SOARD OF piRICTORS. ©. - = Wi Willy ly he JW Wi iL SALES © Fastord Fes 2. J. KURT MAHRDT, Cashier. | | CIARENCE R, KUSS, Secrs Spr /E . TILL 9PM College, Ave. tm Srekie 1 ell am Sup» btu 2 - Cir Len ™ tory a OPEN EVER : NIGHT TILL 9 P. M.
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€rew will be touches to a way Home Ave, The Pease duct from Ci ton, O., will serviced lot, by 170 feet d rear, one blo Ave, The demon ferday wher began worki: the foundati gether the ps frame dwellir May | By today, + flush: birch ps onstration v close-up peel white fir on the pondero among other the house, By late t will be able 32 by 24-foot fn the shin kitchen, It gether fast, workmanship, home living, By next Su to show the furnished anc The house, $10,500, will planned on t! Arrow firm. New |
E. F. Hol apartment pr and East 8S Peaseway fr World War houses have est Manor on - Mr, Hohlt incorporated service. . The and sell real Lawrence W on their sale “We're pa in correcting about pretion,” said M this demonsti *bad’ talk.” The coffee That'll be ¢ at the demon be pulled up site,
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