Indianapolis Times, Indianapolis, Marion County, 29 October 1950 — Page 46

"Outlook the Nation 3 A tn , gh I “ Top Profits Seen, p jin | After * Barring New Tax; “I0T EIEL | Goren ts tener HEAVY Selling

. U.S. CORPORATIONS have been almost too successful for Most Sections their own good =o far this year, ; { "Enough reports have come to hand, covering the three months During Week of July. August and September, to assure that 1950 earnings will By ELMER C. WALZER United Press Financial

approach, if not pass, the record year of 1948. There's only one catch—the promised excess profits tax. NEW YORK, Oct. If Congress makes the tax declined during the past week retroactive to July 1, that will Pennsylvania Raliroad, a 50-cent with one day of feverish selling wipe out some of the third-quarter, dividend, to bring the 1950 total highlighting the performance. rains, and a new peak in profits to $1, as against, 75 cents last! After uncertain movements in will not be registered. But if Year. the first three days of the week, retroactivity extends no farther, Dividends are mow at = ree- the list broke sharply on heavy back than Oct. 1, there could be ord high. Yet they amount to [volume Thursday when President a new high, only 40 per cent of earmimgs, Truman indicated he may call a Third-quarter earnings of 182| That suggests how much more |Special session of Congress to enindustrial companies in my early-| rapidly earnings have risen [act an excess tax. hird tabulation show a gain of than dividends in this neither- On that day the tape ran late 63 per cent over the corresponding War-nor-peace ecomomy. more than 20 per cent of the time. period of last year. For the nine Co n. directors have (Once it was as much as eight months, the gain is 40 per cent. | been inclined to plow back prof- minutes behind actual flogr transNaturally, such excellent earn-| I$ into the business. They're detions. Prices broke sharply and ings put pressure on directors of playing it conservative. t was estimated that the whole corporations. They have to share! There's a rub in all this. Buch mazket lost $2 billion in valuation with stockholders. . good profits and dividends present” on Jated Issuss, : Result: A succession of extra natural targets to labor leaders; of ) y re was ‘4 recovand increased dividends as, for and Congressmen. Labor leaders _ day Josse . cent of the example — Westinghouse Electric; will insist anew that increased , ny most: sect) prices were 40 cents extra; Youngstown Sheet/wages can come out of higher. o ae erred on the & Tube, 25 cents extra; Inland profits without raising prices. Atl, le 400 as ar pe Steel, $1 extra: Budd, 25 cents the same time, Congressmen willl, ., performers on th ne the extra and an increase in the reg- be under greater pressure to enact ! . ie Tally, ular rate from 35 .-to 40 cents; a stiff corporation tax. Report Earnings Gain The fact that profits shot up so in

rs i » woreda Spurs Profits the third quarter makes corpora.iohs particularly vulnerable to higher taxes. ; Congressmen will argue- and not without validity—that | increase was stimulated by defense business, present or prospective.

Sets ‘Ad’ Class 75 ‘Students’ To Attend Session

How real estate is described is

the sale. | In fact, preparing advettising copy may well be the clincher in The decline came at time When sa | corporations were releasing “ ’ i This “key to transactions” will sharply higher earnings reports, explained more fully. in the the and declaring increased or extralqp, geggion of the Real Estate dividends. The dividend flow Was ipo. rd's educational course. Once fighting started, corporations ‘immediately jumped on the a rest txpents The next-to-the-last seminar his 1 isin BE Of amt) " § “ithe semiannual school wil a pues 1 0 BR hed crease in costs not entirely off4et/ ents would set a record for all held tomorrow at 7 Pp. m. in the x ¥ s materials PY expanding volume or increased e. ih J Antlers Hotel. wage cota, Highe Fa es rates, showed a gain of only three| Before the decline Chrysler had Advertising will be handled on oe lems and all sorts of Per cent in the third quarter and| been a star performer on rumors |e," ..4 by Fred Lahr, local adcontingencies. And they made 12 be cent for the Hine montha the stock woud Je spi thine vertising executive. - The film, money doing it-—as their reports e percentage gana, ‘m y : ubsequen Y “Real Estate Signs,” on loan {from the National Association of

by industry, follow: denied by the company’s presishow. Pet Cain Oser dent and it broke sharply. {Real Estate Boards will be mod-

wn the prize report, shawed. the goje decline—five Pers, year, total profits of all cor- profit Te Tort, Shoaing ot The outstanding gain was gy [Porations--raironds, Public Weill or the first nine months, a total nonferrous metals, nearly 500 per = an oe jus ” rg TN larger than any corporation has cent in the third quarter. Rey-/estimated by the Presicen’s L-0Un*ever reported for a full year. no'ds Metal, with a gain of 764 cil of Economic Advisers at an| Dividend increases or extras

er cent, accounted for a large annual rate of $20 billion. And|were ordered by. such companies

The third-quarter comparison, No.of Tater ASO! Steels were hammered down | Ww W. Whiff : o : : ng. incidentally, is with the period industey =~ Cop Gir MUG Thursday . despite favorable re- Stated Pon will pull re ing i~st year when earnings were On ai, Parts ...13 525 604 |ports by many of the relatively . A the slum p/Bullding Materials ... 8 31.3 748 | v copy hints froth his book of ex the rise—follow ing t ® ihe ear. Soment I 1 smaller companies. On Thursday perience in the two-hour meeting. luring the big na Nt J T- oapuics RB Ni after the close, Bethlehem Steel!” more than 75 “students” will Yet, only 28 out of ndus- Drugs ana Cosmetics . & 33 253 Corp. reported its best nineig¢tend the session. It is comtrial companies reported dep oq 8 193 53 (months in history In earnings. hujsory for junior board memure in earnings. for the third Heating and Plumbing J $05 194 land declared a $2 dividend onipers, ~ The lectures are given wart; in the nine mofiths, only| Nonferrous Metal ..... § 838 164.1 common stock. This helped the | sior ‘to board and state exam0 ; {Paper and Pulp [.... 7 931 453 (issue rally smartly Friday and{jnations for real estate licenses. : {Iran and Steel . 18 73.9 25.1 | 1 And not a single group failed rope “10 1283 esa |S8ve a lift to other steel shares. | Realtors Hugh A. Teeters and to report a third quartis gan IM acco 5 3 ‘a3 | Order Extra Dividends Earl B. Teckemeyer are co-chair-over a year ago. ror € nine Total Indl. Cos. .... 192 629 M01 nf the seminars. Utilities vagria A 31 13.3 General 1aonths, the machinery industry “Upc oo rid tine months of| ral Motors Corp. issued

120 More Men Ready to Serve Real Estate Needs

just as important as clinching,

| A one-time ad in The Times produced purchasers for this | | three-bedroom dwelling at 1230 Weodlawn Ave. on Oct. 18. cluded a house at 510 S. East sonville Road in co-aperation with | Malcolm McCann of Detroit, Mich., sold his residence to Mr. and

| Mrs. Joseph Bova. Mr, Bova is a hammersmith at the Indianapolis |

was purchased by Mr. Mrs. ‘with the hated Co. [rubber n of the F. M. Knight Realty Co. s month.

ol i i $ ! }

Real Estate—

Key Hedge Against Inflatio

Comparison in Debt Obligations Made | By Dean Weimer of IU Business School |

jrecent talks Strip, a Geon polyvinyl plastic bankers,

Paste-Pot Pourri APARTMENT and house rent-

! | { (Continued from Page 45)

put out by Goodrich Chemical Company.

tart of this. But even without they've been rising steadily, quar- as Texas Co. Gulf Oli, Standard] WHEN YOU'RE ready to sell

~eynolds, the gain would have t¢f by quarter, as follows: of California, Socomy-Vacuum,lor purchase property in Indiana, been 270 per cent. Quarter Annual Rate Mohawk Carpet, General Steel you'll have. 120 more realtors (However, had the earnings of First ........ $17 billion {Castings, Norfolk & V’estern, ready to serve. Aluminum Co. Kennecott, Ana- Second ...... $20 billion {Boeing, and Great Northern. That's how many more have »nda and other giants in the in- Third ....... $23 billion Favorable earnings helped sus- hung up the neon sign, sharpened

To match the 1948 level of $20.9 tain the oil group which also was an eye for shelter suitable for billion, profits in the last quarter well up on the extra dividend list. the unhoused in this state. would~ave to run at an annual Liquors enjoyed a good market! These new realtors have joined

justry been reported, the rise would not have been as great.) Other large third-quarter Increases were textiles 125 per cen

8 per cent, building materials 81 certainly conceivable—even withiseason. Coppers held well, Bome mgtate Boards reported last week. par cent, and iron and steel (with higher fourth-quarter taxes. [tobaccos met late in the yjke membership rosters disRethlehem but not U. S. Steel)! But it doesn’t augur well for|week. Selected utilities wereciosed in January, the state again 74 per cent. {next year, when Congress gets to gainers, ' paced the nation in number of The utilities, reflecting an in- work on the Revenue Act of 1951.| . Business news was classified a5 new members in the association. means favorable in most fields and the . = =» ” a S on 4 o ec ine: ;Standard & Poor's Production In-| HOOSIER = additions marked td 4 d C tH : D | 'dex set a new high. {the biggest gain reported on ’ | Retail trade held level with a Oct. 1, far outclassing New Mexi- ~~ {week ago and was up 3 to 7 per/co realtors now increased by 64 o> eep ose eg Y: rong .: compared with a week ago. and Illinois with 63 new members.’ . . {Wholesale trade dipped as retail-| Percentage-wise, Indiana memSteer Yearlings End Week 25 Cents Higher; |ers worked off inventories. bership gain stood at 9 per cent, . ve a | The market feared that reduc- third in the nation. Hoosiers also Bulls Lose Early Advance to Close Firm tion of raw material supplies ranked second with North CaroCHICAGO, Oct. 28 (UP)—Hogs and heavier weights of cattle Might force a 15 per cent cur-|lina and Florida on pumber of declined in price at Chicago's stockyards this week, and sheep tailment in automobile production new real estate boards. Each closed the week steady tp strong. in the not distant future. state added four new associaThe cattle market was thrown a little off balance by the a RE STI tions, two. behind pace-setters, easonally large receipts of fat steers weighing 1200 pounds upward. New Mexico and California. Total cattle receipts were 6000 more than last week, but part of the men Membership in the National increase was for the StOCKer And — i cms ores Association totaled 44,101 realfeeder show. : Most good and choice steers tors and 1108 boards on Oct. 1, Compared to last week's close, [1200 pounds and up sold late at representing net gains of 598 and steer yearlings under 1000 pounds $28.50 to $31.50, with choice to 18, rosters disclosed. closed yesterday steady to 25 Prime 1476-pound weights at] : : cents higher, while 1000 to 1200-/$30.25, and rough but very fat . recorded by Alaska whose 22 new | Hoosier Dealers Tention Tepresented an increase steady to 50 cents lower. = Steers Hog Prices Gain | : in property salesmen of 200 per over 1200 pounds were 50 cents 10! yn the hog market, barrows Approve 8-Point Plan | © 1 lower, : ! Continued from Page 45) i d gilts ended the week 50 to 75, g { . Bulls Close Stead an | Bar s Clos sady pounds Cents lower, and sows, 50 cents told Puilding Products wen ao Grain Futures COWR W , " er. Wholesal K es NOt contain strategic metals own were steady, with heavier lower holesale por pric ‘would be in ample supply early Edge Forward : ows Jaded steady to fully 25}, wek. Most of the hog receipts market. : CHICAGO, Oct. 28 (UP)—Farmpo. \ were made up of 190 to 260-pound ; ” Bulls lost an early advance and 2 tight grip on their soybean har1 butchers with an average arove Lack of Building vest and thereby squeezed .anrong; .stockers and feeders! mp K's t rice was $20.00 3 : other 12 to 16 cents a bushel out ‘round 850 pounds down were 50 a are \ op top of s2000 Limits Scored cents to $1 higher, and heavier was the lowest since early May. Building material trade leaders, Other grain futures also finvy | {ished . the week ending A few loads of choice to prime/the bulk of good and choice 180/be unbalanced unless the govern- With gains ranging from 7% to 6 fed steers weighing 1045 to 13007to 280 pounders going at $19.35 ment specifies how much con- poe rid vs Jose last pounds sold at $33.25 ta $34, while 50. 160 struction there should be in 1851. mpared. 10 ays c Q ito $19.50. A small number of 160 week, wheat yesterday closed 2%

Largest percentage in was pound steers and yearlings closed '1603-pounders at $28.25. icent. eights steady to 50 cents lower. also showed sharp declined fori .. i vear creating a buyers ers continued to keep a relatively ~losed steady. Vealers were weight of around 227 pounds. of the board of trade this week. v-eights were steady. The closing top was $19.50, with | yesterday warned supplies would cents a bushel. the bulk of good and choice fedto 170 pound weights brought, A. Naughton Lane, president of

steers and yearlings under 1200 $18.75 to $19.25. Most sows sold Producers’ Council, flayed absence ’ pounds brought $30 to $33. jer; oats 1 to 2% higher; rye 2%

STILL AVAILABLE

late at $17.00 to $18.75. lof government orders on cona ————————— a = struction limits.

termines market size for mate- Pound higher, .

‘rials, “manufacturers’ production | plans are: geared to decisions; made in Washington,” he said. | “In absence of construction) limits information, there is every ‘likelihood producers of some malterials will overshoot the market land others will adopt a too coniservative policy,” the head of the ibuilding materials trade group) warned. The result will be a surplus of some items, shortage of others, he said. Mr. Lane also rapped confusion stemming from “hints” of further controls and’ decontrol.

relatively light country offerings. And on Wednesday, the market again shot the 10-cent Himit.

8 TER Te ET il i .

— rt {5S

——

. ar a 5 | —— ; THE TIPPECANOE Delivered, $1426. Erected on Your Floor, $1780. One

_of our attractive Cedar Log Cabins make excellent year-around homes or resort cottages.

"came last nual | participating and founders

{ The announcement {week during the annual Institute meeting in Colorado = Springs, IColo. None of the firms was from Indiana. ! 1»

}

{

- SEE OUR NEW MODEL AT I —— a ns —- | 15TH & CAPITOL | PEN and PENCIL REPAIRS || merchandise orders from welt or Call For Free Circulars | Sue Duy or Who tWalt Serves 1] or cot w fc. Wo con sl CITY SUPPLY CO pe ERATE TREE I went stun we your sn Las Hoosier Pen Shop [| ier vitow rewiring you ac- : : , 40 8 Je 18 E Market rmisez fil cas, j

t:/rate of $22.3 billion. On the basis early in the week on anticipation the trade in the last 10 months, ° paper and pulp 93 per cent, coal of third-quarter momentum, that's of good earnings in the Christmas the National Association of Real,

Friday: admits its index does not conitems -

to 2% higher; corn 4% to 6 high-

{to 33% higher; soybeans 12% to 16 Since the government now de- higher, and lard 40 to 12 points a

As was the case last week, the month? isharp increase in soybean prices resulted largely from a heavy de-; mand for the cash article but 52id the company.

Investment in Home Called

lof 114 N. Third St. in Beéch Grove Grant Ave. ito Robert and Kathleen Morris! .

I) from Charles and ‘Hilda Gibbs;igt, lot 250 in Warfleigh addition,

ers in suburb

a 15 to 36 per cent decontrol jolt last week. Rents went un that much five weeks after the freeze melted.

house

Press, Scripps-Howard newspaper.

Out here it's being handled the Lawson Distributors, 139-141] W. 34th St. and Block's is plan-| ning to counter-sell the product. | Easy to apply, the white, flex-| ible sealing strip adheres to porcelain, wood, tile and linoleum} with vinyl adhesive. And it's] guaranteed not to harden, will re-| sist common household cleaning solutions and normal alkali 80! tions, acids and alcohols. ! It works wherever wall join-| ing is required and that should] take care of the Tub-Kove future.

‘Paper Moon"

ANOTHER indication of why housing costs have ji ove the moon came last the American Appraisal The New York the reading showed the

0. ometer| t index

September. “That's nine tober, 1948. 5

irepresenting 1913 costs. And to me that’s not too fair a picture. It doesn’t take into account the technical progress of construcition, |items,

| And the Appraisal company

fixture heating,

sider building | such as plumbing,

by|

up to an all-time high of 513 inj points} above the former peak set in Oc-|

i Their index is based upon “100”}

i {

better produced housing!

lighting. The analysis is based |

on cost of materials and labor required for various types of frame, brick, concrete and steel

buildings. And why the

new peak last

That reflects increases in lum-

The Quote

“I DIFFER with a certain wise

Soybeans also were aided by all-out considerable strength in the crude old man calling for an soybean oil and cottonseed oil

economic mobilization similar to * ki: , our ' war-

i i {

{

before mortgage

exclusive Shaker Heights, of Cleveland, O. received

That's from a house-to-survey hy the Cleveland

Transactions Mark - 30-Day Activity Turning properties might be

the middle name of Real Estate Broker A. K. Carnine,

The South Side realtor reported helping 20 families find and sell

{10 houses. That's within the last!

30 days through Qet. 15. Recently assisting Mr. Carnine in his realty operations is Mrs. Mary A. Ridle, who handled three of the top transactions. The Carnine Realty sales in-

Clara Caito from Mr. and

Mr. and Mrs. Joseph O. Mack. Other transactions included sale

1815 W. Michigan St., James W. and Nettie Michael from Charles and Roxie Oakley; 1460 English Ave,

Neilie Reinking. Belle Calderhead, Edna B. Lambert, Nadine Beem, Larene Ward and Charles B. Bosserman sold property at 48 Eastern Ave. to James and Maryetta Hannon; Mr. and Mrs. Reinking sold 124951 Naomi St, to B. W. Jent; Maggie M. Caplinger, 2142 Webb St. to Willlam and Virginia Taylor, and Grace L. Mack, 1516 W, 21st

St. to Vernon .H. and Edna Alex-|

ander.

kinfon and Secretary O...Scott Padget, included: Willis Adams— Two lots at 75th and Illinois Sts, = Ew T.Srolbeck —~ 38 Wi

Jack ©. Oarr—6028 Park Ave, 6151 Ralston Ave. lot in the 3200 . block N. Capitol Ave, 414 N. Pine

_iSt., 4306 Broadway, 1701 Ruckle

Ave., 322-24 N. Noble St., 2005 N, . Denny St., 963 W. 63d St, 3437 N. Kenwood Ave.,,2733 W. 16th. St., and 819 N. Tacoma Ave. . Thomas F. Carson—Lot 137 in Beverly Heights. Fay C. Cash—Lot in Canterbury addition at corner of Crestview and Castle Row in co-opera-tion with Warren M, Atkinson and lot 23 in Claypool's Crows Nest. Fieber & Reilly—House, ken-

7 Ge

Charles H. and Kathryn/ Alexander from Arthur W. and

nels; 15 acres on W. 96th St. in {Boone County. | Russell Fortune Jr.—4011 N, {Meridian St., 2% acres in Zionsville and 5242 Boulevard Place in co-operation with F. C., Tucker Co. enich Realty Co. — 7023 Coll Ave. in trade on 130 8, Pennsylvania St. Hall-Hottel Co. — Spring Lane. F. M. Knight Realty Co.—Prop= erty at Fisher Road and Road 28, 2029-31 Caroline Ave. and 3046 {Station St. > | Bruce Savage Co.— 7530 Alii

2644 Cold

{St purchased by Joseph P. and the F.C. Tucker Co. | .| The Spann. Co, Inc.-— 5235 . 4 Frank C. Sansone; 1519 Wood- Graceland Ave. in a cross-sale Drop Forging Co. Sale was handled by Realtor-Broker O. L. Starks. |lawn Ave., Paul Reed from Vallie with Willis Adams, 2825 N. New | D. Toohey; 2051 Sharon Ave. Mr. Jersey St. and Mrs, Chester A. Cly from 8. Harlan

3511 E. 10th St., 1523 St. and Jot 1 in Indian {Creek. ; | F. C. Tucker Co.—3415 N, Wait Veon Co.—4929 E. 34th 5025 Caroline Ave. lot 237 in N. Dale, 5730 Wildwood Ave. and 3531 Forest Manor, Robert E. Walker—Lot 7 in Arden addition and 1208 Crawford Dgive. Ford V. Woods Ceo.—Property involving 35 acres at 79th St near Road 29. :

KEEPS GARAGE DUST DOWN Here is a way to keep the dirt floor of a garage free of dust,

Sprinkle calcium chloride over the floor surface. Absorbing moisture from the air, the chemical will keep the dirt damp.

LD 1 IN.

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