Indianapolis Times, Indianapolis, Marion County, 22 October 1950 — Page 46

Business Outlook, _

New Building

NPA Director Wants to Limit Orders for Amusement Places

By J. A. LIVINGSTON s - CONTROLS ARE BEGINNING to cramp businessmen’s style

The brief postwar period of laissez-faire—following OPA-—is over. |

No longer can the government “let business alone.”

Thus, William H. Harrison, head of the National Production] Authority, is now talking of imposing limitation orders on the np history was re

Curb Foreseen

Hits |

reported yesterday by the Edsel Co, "1136 E,

struction of non-essential commercial buildings—race tracks, theaters, dance halls, night clubs, ‘ and so on.

credit curbs placed by the Federal

and Home Finance Agency on'mated 1.2 million this year.

Pinch and Squaw cannot permit the use of scarce materials and manpower to go on winabared in the construction of amusement places.

A seasonal turndown in home-| : building has already commenced. haw . Jormally Sampisined that An estimated 115,000 new homes | acted “ill-advisedly.” were begun in September, as| evidence of pinch. against 141,000 in August. | More and more manufacturers Controls can be measured are using priorities, D. O. forms, .by squawk. Automobile deal- to speed military production——a ers are complaining that the 'sign of the spread of controls! new Federal Reserve Board in- [Civilian rubber consumption has staliment regulations — one- been fixed at 90,000 tons a month; third down and only 15 months jit had been running about 100.to pay, as against a third down [000 tons. Aluminum and copper and 21 months—are “murder.” 'are on the schedule for "future And some retail merchants restriction.” Pressure to introduce all-out

- Prelude to a Fight price control and rationing, as suggested by Bernard M. Baruch, is certain to mount in Congress. During the next three months, living costs, already at their postwar high, will rise sharply—reflecting recent markups in textiles and foods. Mr. Baruch still feels we're too lax in ‘mobilizing. Re-

cently he wrote me: ‘ — “Having followed your writ- | heavy taxes and other mea-

ings for some time, I was sur: | sures to reduce spending er prised to see you take the po- | 4 Lions with that En. sition that you did. My recom- | ' g » & gener overall ceiling to keep prices in

mendations were not simply for | the control of prices, wages, | balance and to keep people from | |

Mr. Harrison reasons: If we

That's

and all other costy, but along | passing on the higher taxes to with that 1 stressed the need | those groups least able to pay for raising taxes to a pay-as- | for them. By your own admis-you-go basis, { sion, ‘it looks as if inflation will “I want both things done— | just keep rolling along.”

“NOT AN ILL TRADE WIND |

Defense helps world to dollars. U. S.1mports exceed exports for first time in 13 years.

{

1800 1800 | Maritime : i ™ Mariimy Sieg ooo i 5. A 5 750 750 " z ° 4 500 ’ PORTS 250 2%

Knee Line

Data: Department of Commerce “As to your remark that I

* Baruch vs. Symington .n ininking in terms of the last war, the principles of mobilizing a nation remain the same. They were the same in World War I, in World War 1I, when many parroted the phrase, ‘This is another kind of war, and they are

the same today.

“The degree ‘0 which 1688 88 =r we HR gential civilian activity must be ductipn going into military uses

curtailed varies with the need, 18 substantial and will go highbut at all times ail mobilization’ or But it is not high enough. control must go together in a to justify at this stage the combalanced way.” plete system of controls that we That's what makes horse-rac-| had in 1944 when the iia ing-a difference of opinion. De-| ‘take’ was practically half o spite Baruch's persuasive letter, the total economy . . . - I still can't see the ueed for an/ astringent economic program for mean building up -huge supervi‘a 10 per cent to 15 per cent war sory staffs. Beyond ‘hat, howefiort. And, what's far more im- gver, price controls would merely portant, neither can W. Stuart conceal and perhaps promote inSymington, chairman of the Na-flation. Congress, seeing that tional Security Resources Board. prices did not rise, would later In an interview with U. 8. News raise taxes. Then, later, as when and World Report, Mr. Syming- OPA folded, the undercover inton said: z {flation would spill out all over the “The portion of national pro- place,

‘Boon to the Pound nation may occur early next

inflation may occur early next year, The government will run a large surplus in the first quarter as tax receipts rise. That will take money away from corporations and consumers, Further, the Reserve Board's tight August, will begin to take effect. As yet, banks haven't been

squeezed by higher-interest rates or by the Reserve's open-market become plentiful. Imports in

efforts to restrict credit. But/August exceeded exports for the along about - March— just when first time in i3 years. That's the

taxes are coming due—the pres- i sure will be on in earnest. strength in the pound sterling.

Meanwhile, defense buying has| By lightening the financial been a boon internationally. Since burdens of the non-Communist Korea, prices of imported com- world, the defense effort is, inmodities—rubber; tin, burlap, cof- directly as well as directly, a fee, wool-—have gone up on theiblow against the spread of comaverage 33 per cent. munism.

Prepared for J. A. Livingston |

credit policy, initiated in from abroad

Prices in Some Classes Of Cattle and Hogs Gain

All Types of Sheep Hold Steady to Mostly Higher; Weighty Steers Close Lower

CHICAGO, Oct. 21 {UP)—Prices on some classes of cattle and hogs went up this week and others went down at Chicago's stockyards, but prices on all classes of sheep held steady to mostly higher, Compared to last week's close, yearlings and good and choice steers. weighing up to 1150 pounds closed this week steady to 50 cents higher, while heavier and medium grade steers around 1050

to 1150 pounds finished unevenly steady Rg lower. few and finished 50 cents or more Weighty steers closed $1 ‘lower, higher in sympathy with lambs. ; Sheep were fully steady.

but heifers ended $1 higher in an | active trade. Cows a#d bulls, Choice wooled native slaughter

which were scarce, were 50 to 76

cents higher with vealers strong and stockers and feeders 50 cents were sold at $29. Yearlings went to $1 higher. at $25; slaughter ewes $15.50; Three loads of high choice and Pe prime 1087 to 1320-pound fed I atiyes: 32 es shorg _steers brought $34 a hundred ate receipts at 12 large pounds, while late bulk good and Se pegs under a choice steers and yearlings weigh-| and 33 000 under a ing 1150 pounds down cashed in| 1. the hog market, at $30 to $33, ‘and gilts weighing 200 pounds and Comparable grades at heavier pare ended ‘the week 25 to 50 weights largely sold at $28.75 10|cents Jower, while lighter weights $32.50, but numerous loads ofiwere steady to cents higher. choice to prime steers weighingigows 1025 to 1300 pounds went at $33

\new home-building, which is ex-| The South Side real estate firm

Thi= follows hard upon the|pected to reduce the number of disclosed completed transactions new dwellings next year to about /involving 31 houses, four farms

Reserve Board and the Housing|800,000 as compared with an esti-|and rural acreage and four lots

curb the building of homes, we Manager O. L. Guess disclosed.

] {James W. Jones; 410 N. Arsenal 3 stint balou uu UU ULL GULL TRANS JASONDY ° |Ave., Mr. and Mrs. Robert Grant BOM i bir a Lol Le ob {rei to Mr. and Mrs. Harry Taylor;

To adopt the Baruch plan would Schuck to Mr. and Mrs. Georgc

‘have risen. The scarce dollar has -

bulk wooled lambs, predominante- Convention Dates Set

{Troy Ave

during September, The sales totaled $222,750 with nine salesmen participating, Sales

Transactions averaged $5000, slightly below company figures, but still indicative of the heaithful realty market. In reporting the monthly sales, Mr. Guess said demand is still heavy and is continuing despite a slight drop in the first weeks of October following disclosure of tigher credit controls.

Praises Salesmen

trasactions satisfactory to both, Mr. Guess praised salesmen Lee Cooley, W. A. Cobb, John/ Moore,

September 7] 31 Houses, 4 Farms

One of the biggest sales months

For their efforts in bringing | | buyers and. sellefs together in|.

Edward Frazier, Ray Hamner, William Tomlinson, William! Johnston, LeRoy McCammon and | Robert Britton. | Among the September closings,

they helped sell properties at 1550 |

i { {

Lewthanial Pettigrew to Mr. and Mrs. Herschell Davis; 3070 8. State St, Mr. and Mrs. Keith Folck to Mr, and Mrs. Austin Flike; 5607 E. 19th St, Mr. and Mrs. William McKeown to Mr. and Mrs, Paul England. . Properties at 820 8. Randolph St. were sold by Mrs. Mildred R.| West to Mr. and Mrs. Webb Wilson; 1628 Cruft St., Mr, and Mrs.| James Morton to Mr. and Mrs, |

[Frank Brammer; 2557 8. Meridian |

[8t,, Mr. and Mrs. Frank Johnson

Mrs. Onie Howes to Mr. and Mrs. | Norman Chastain; 1025 E. Southern Ave. Mr. and ‘Mrs. Harry Cauble to Mrs. Muril Pruitt. Other Homes Sold Homes at 1923 8. Talbot St. were sold by Mr. and Mrs. John Hitch to Mr. and Mrs. Andrew Taylor; 1629-31 Perry St. Claude Donovan to Mrs. Minnie Carson; 3104 E. Kelly St, Frank Koenig to Mr. and Mrs. John Laymon; |

yong |

| William

720 Markwood Ave. Mr, and Mrs. will proffer current problems i realty activities and possible

Gerald Ellsworth to Mr. and Mrs. Frank Johnson. Dwellings at 1026 S. Senate Ave. were sold by Mr. and Mrs. Stephen Flike to Mr. and Mrs. Francis Graham; 2118 8. State St, Mr. and Mrs. Harold Pease to Miss Beulah Harris: 5779 8. Walcott St., Mr, and Mrs, Shirley Wasson to Mr. and Mrs. Horace Merriman; 452 E. Sumner Ave, Mr. and Mrs. Robert Fish to Mr. and Mrs. Ralph Stephens; 1333 Lexington Ave, Mr. and Mrs. Stephens to Miss Goldie Tice; 13 E. Adler St., Mr. and Mrs, Clifford

Layfield. Mary Sutton addition in Smith's Valley Mr. and Mrs.

8t., to Mrs. Katie Roe; 3735 Kinnear Ave, Mr. and Mrs, Edward Cov-

to Mr. and Mrs. Bert Watson. Property at 410-12 Fulton St. |

{basic cause of the new-found y.q gold by Mrs. Myrtle Hopkins |

to Mrs. Mary S. Marion; 3241 W.|

Hoefgen St, sold by Mr. and Mrs. | ®

Mrs. Howard !

Morris St., Mrs. Marie Duzan to and. real Mr. and Mrs. Herbert Coss, and Holman D. Pettibone, president

| Thi Povey at 2850-52 Winthr and

. Shirley Warren from Mr. Warren is an auto salesman

by the Indianapolis Railways Co.

13m mario ir. sna wOC@ Realtors Prepare

A quick sale of this three-bedroom-a-side double was I. B. Friedman of the F. V. McClanahan Realty Co. last week. Mr, ir. and Mrs, princi : was sold and Mr. Woodruff is employed

Ave. was

To AHtend Convention

18 Real Estate Dealers Sign Up For NAREB Sessions at Miami Beach

“Lookaway, Dixieland,” is becoming more than a stimulan

Confederate flag-wavers.

$00 moons far {5101 Plamiie Ave, Mr. and Mp for the seven-day parley in| e . - Miami Beach, Fla. The real estate John D. Case, Mr, and Mrs. For- breakfast meeting of the Secre- Of Will sell here. The session,

est B. Kellogg, Mr. and Mrs, Leo taries’ Seminar Wednesday in the Starting at 7 p. m., will be held in {the

“workshop” opens Nov. 12.

The convention, besides offer- Holland, Miss Catherine Mans- Columbia Club, ing a winter retreat for Hoosiers, fie}d, Miss Alienn Klaiber, Mrs. : = = = on (Catharine Winchester, Mr. and INFORMATION will rs. W, R. Caine, Mr. and Mrs. from Harold Duling, public rela- mer and James D. Foley will|

handled

t 10 week for secretaries of

It's becoming a byword among realtors here as the 43d annual convention of the National Association of Real Estate Boards nears session time. Already 18 realtors, their families and associates have signed

B. Storms, Republican candidate for county coroner in the coming elections, purchased this four-bedroom .dwelling Sentne

o-story house at 3514 Birchwood Ave. ionist for Pearson's Rd by Joe Goode of

y, rece transaction was ha « Goode real estate organization.

|Realty Secretaries Panel Discussion

Slated to Attend

‘Manners’ School (fi Building Set

| THE | RECEPTION desk will Building, the why, how and

get a thorough scrub-down this wpat's.in-store, will highlight the Indian- fourth session of the Real Estate

apolis realtors. Board's educational course toAnd it won't be the girls doing MOTTOW. : yeomdn duty. | More than 75 realty “students”

They'll hear how to handle re- Will sit in op a two-hour-de-

lutions to recent credit curbs af- Russe Hartman and Mrs.

fecting the industry, Some of the top Senyention, speakers will include Sen. Burnet! R. Maybank (D. 8.C.), chairman of the Senate Banking and Currency Committee; Rep. Dewey Short (R. Mo.);ranking minority me mber of the House Committee on Armed Services. Others will. be i Jess Larson, ad- ! miistrator’ ot MF Falrien ! the General Services Administra-; tion; Franklin R. Richards, commissioner of Federal Housing Ad-| ministration; Ben Fairless, presi- | dent. of the United «States Steel |

_[Corp.; Thomas J. Watson, chair-

man. of the board of International Busi- | ness Machines! Corp. | Capt. Eddie Rickenbacker, president of Eastern Airlines; Mrs. Cor-| inne Griffith, Marshall, for-| mer movie star Rickenbacker and now a California ~ builder estate investor and

2318 Calhoun St. Mr. and Mrs./of the Chicago Title & Trust

Edward Hiatt to Mr. and Mrs. Maurice Hartsock. |

Four farms and rural acreage) included sale of the Duhamell farm in Morgan County by Mr. and Mrs. Clive Dubamell to Mr. and Mrs. Russell Bohannon; Goen

Ralph Smith; property, Israel White to Mr. and Mrs. Eddie Jones and 84th St. and Chapel Road, Mr. and Mrs. Philip Parson to Mr. and Mrs. “Delbert Witte Jr. : Joseph Schwab sold lot 4 in Sommerset addition to Mr. and Mrs. David Miller; lots 60 and 61 in Sunset Park addition were purchased by Mr. and Mrs. Paul Akers from Mr. and Mrs. Frank Gibson and a lot in the 1500block Purdsal Pkwy. was sold #y| Paul B. Caristedt to Mr. and Mrs. Elmer Roth.

Co. will also speak. i « As part of the convention affili- |

Sell Duhamell Farm : |ated organizations of the associ-|

ation will also hold their annual! meetings. ! Election of officers, trips; around the playland and to Ha-| vana will also be part of the! week-long convivial, | Heading the Indianapolis dele-! gation will be Mr. and Mrs. Bruce/ Savage, presidential “family” of! the Real Estate Board. i © List Delegates - ” Mrs. Mary Binford, executive | secretary of the board, listed the following delegates to the con-! vention: ° : i Fred C. Tucker Sr. (on Real tors Washington Committee), Mr. and Mrs. Paul L. McCord! (NAREB board of directors), T. Lorin Driscoll (Governor, National Institute of Real ‘Estate Brokers), Mr. and Mrs. George T.| Whelden (Governor, American; Institute of Real Estate Appraisers), Mr. and Mrs. Albert ¥. Thompson (Chairman, NAREB, convention committee). Mr. and

er : and choice heifersimost of the led in $30 to $32. Choice veal- pork ers brought $27 to $34. [paEk rices worked substan cooled and shorn slaughter) The top , at yesterday's lambs closed the week $1 higher close, was c 0.35, with the bulk of and were active at the advance. good and choice hogs weighing The proportion of fed Western 180 to 280 pounds selling at $19.75 shorn’ lambs, mainly sumber 1g $2025. A few weighing 160 to

wore sparingly. Y

PepaeE

increased ‘as natives ran 170 up

Mrs. Lawrence Sexton, Mr. and] Mrs. George Dirks, Mr. and Mrs. |

ford. Mr. and Mrs. Earl Kiger are20d Paul Starrett, realtor with go driving to the convention and Klein & Kuhn. a Me. Kiger will attend the Educa-| {tional Conference at the Univer- two-hour convivial with some 28ijunior board members, are held sity of Florida in Gainesville on secretaries by Walt Veon, dean/prior to board and state examina-

Nov. 10. .

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Antlers Hotel. { C. R. Krabbenhoft will modedate a panel discussion in which come Everett G. Bickell, Fred L. Pal-

“tions man with Eli Lilly & Co. te. { Two more sessions are schedbefore the semi-annual

course i= concluded. They'll be introduced to the! The meetings, compulsory for

lof the school. tions for real estate licenses.

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‘excepting y|formance of the past two years,

LET US SHOW YOU THE DIFFERENCE

car ably won't for the rest of the year, Ward's Automotive Reports announced.’

The statistical agency said the

instalment - buying regulation “will have the intended results of effective demand

for new * with sales falling off in the weeks ahead, However, the underlying

i strength of the market should

keep sales high by any standard g the all-time record per-

tivity in the nation’s economy. Commercial and industrial failures rose to 188 in the latest reporting week from 154 a week earlier.

Building Managers Name 7 Hoosiers

Seven Hoosiers assumed new committee posts with the National Association of Building Owners and Managers last week. | Appointments were announced by James F. Cook Jr. St, Louis, association president. Paul C. Thole, agent for the Hulman building in Evansville, was renamed as North Central Region representative on the members-at-large committee. ted as vice chairman of this committee was George W. Mitchell, manager of the Gary National Bank building in Gary. Renamed To Post Maynard Hokanson, vice president of the Hume Mansur Co. here, was reappointed chairman of the income production research council. Other Indianapolis skyscraper amen ‘appointed to represent the North Central Region on various committees were: ¥F. H. O'Connell, partner in Klein & Kuhn, taxation; Paul Robertson, president of the Hume Mansur Co., building planning George 1. Voss,

NINGS 9:00 P. M.

. Ee ¥ ¥

©

|come production research council.

(Continued gage terms; ch ments through _planning; rent ment projects; : housing; incre employment, It's only t credit as a pro eral welfare th litical stomping

Oh, Mr. C THE HOU! ward long, lo fornia epic. Just look a The pre-fab Word in tl Gunnison Ho bany will in West” look in time next mol It may come of Mid-Weste the National Reéal Estate | Miami, Fla. But whenes or whatever have, the new a knock-out, |

son. =

Two Lump BUILDERS sugar, then so construction te: In Houston,

, building as big

rectors of the ation of Hom their president, gan, give som they hope will | He sald would relax f curbs to trin they see how order actually The new rej much down pa; time to pay off that'll cut buiid 000 unit target said. Then rel That was sug s BUT, Mr. Co trols will slov such a point would require year to get sta at top speed. lemon. It won't be 8 here as in ot} been pointed o! by builders a Yet they go alc

Mortgag Continue

Like new resi estate activity a little. But it's still market than it this time durin boom building This was sho in the summa issued by the U record of deed shadow new sf following const In September 1461 mortgages $8.2 million w Courthouse. TI August totals « 1703 mortgages Oompared to 1ast month was of activity. In last year, there and 1384 mort million on the | ‘For the year t 16,273 deeds anc valued in exce were filed. Last period, sellers corded 14,228 mortgages wort

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