Indianapolis Times, Indianapolis, Marion County, 19 November 1950 — Page 50

2: {

By J.

look:

parts shortages. TWO: Home-building contracdors are gloomy. They're hit by Regulation X, which controls new credit. But large-scale construction companies that build factories, roads, jublic buildings are busy. A survey just compiled by Business Week indicates that business expenditures on new plant and equipment next year are likely to be 10 per cent higher than this year, The defense program has . spurred expansion by firms which

make basic raw materials. Steel is a case in point. / THREE: Users of aluminum for civilian products, ® such as ash

trays, pots and pans, and window

frames, are in the dumps, won dering if they can stay in business,

The cutback of 35 per cent in civilian allotments means the difference between profit and “loss, survival and extinction. for many manufacture=s. Yet. airplane manufacturers, ‘who for so long after VJ-Day starved for business, now see chances of volume production again.

FOUR: In Chicago the Amerfean Finance Conference, trade association of consumer credit

companies, at its annual convention, violently attacked the ¥Federal Reserve Board for Regulation W, which has gut 4 down loans

Del nse is Begins to Pinch

Top Steel Output Contradicts Car Curbs From Shortages A. LIVINGSTON YOU CAN FIND these contradictions in today’s business out-

ONE: Steel production is just about at an all-time high, and steel companies are expanding capacity, vet users of steel say there's not enough. Some auto companies have curtailed output because of

on au omobiles.

washing machines, etc.

Yet business loans of commercontinue 40 expand! despite efforts of the Federal Re-

cial’ banks

serve Board to curb lending.

Obviously, the defense program is beginning to pinch. And the business men who are hurt sometimes talk dourly of an oncoming depression. The argument is that th controls are cutting into production too’, fast—before defense orders take hold.

Result: Unemployment will develop. It's the same line of attack Walter Reuther, president of the United Auto Workers, launched against Regulation W, Merchants are beginning to feel good again. They suffered an attack of the blues last month

when sales fell off following the

scare-buying boom immediatel

refrigerators,

Flow of Deeds For Near Highest In Ten Years

{

| October Recordings Jump 14 Per Cent,

Over September

The home-owning instinct—al-/ ways i intensified when chill Wiids| sent Marion County real! estate transactions zooming last | month. As the county's: residents| sought shelter for the winter, | 2067 deeds were recorded for the | second © highest October in 10] years, Thi#¥ was 14 per cent above the!

start

per cent over October, 1949, the e Union Title Co. reported last week. The highest October in recent | years was in 1947, when 2109! deeds were placed on record.

All-Time High In '46

The highest month of all time in Marion County, real estate men! agree, was April, 1946, wnen 2425 deeds were filed. Regulation X may have had a stimulating effect on the October sales boom as huyers rushed to! beat the deadline, realty men say. YBut it was small.

after Korea. They attributed the increase The drop was expectable: But mostly to “seasonal” factors, the no merca nt considers logic desire to get settled down for the when his sales drop. However, cold months. in the week ended Nov. 11, de- October filings represented a partment store volume breasted near 19 per cent increase over Octhe corresponding week of 1949 tober, 1949, when 1739 deeds were by eight per cent. Two holidays, recorded.

on which stores remained open Armistice and Flection Days were a factor.

tions, ‘if any, were local.)

STEEL VS. "CRITICS

Demand for more capacity resurrects fear of

smokeless chimneys when defense ends. or 3

CAPACITY

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ow

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Prepared for J. A Livingston

Christmas lest Ahea

Many stores had been liberal in their buying after Korea—fearing At the end of September, department store inventories were 19 per cent above a year ago. Merchants are still not out of trouble.

shortages.

ahead—in the 26 shopping days

clear away inventories.

The test lies immediately

between Thanksgiving and Christ- * ‘back o output, and if other civilian

mas, If goods don’t move,

nee sales in Januaty. merchants are taking Armistice, Week as a favorable sign.

rémote.

manufacturers are squeezed by shoppers allocations of critical materials, look ahead to spectacular such as aluminum, steel, But rubber, and so on.

copper,

Defense orders never mesh per-

fectly with the drop in civilian! The prospect of a depression is output. To be sure, some unem- ders

Nevertheless, defense orare beginning to

bile companies are forced to cut’duction and employment.

{L.ast year, elec-

‘about $2.5 million

The rise in sales helped to $66,989 110.

The deeds business for the first 10 months of 1950 was up 15 per cent over the same period last year. The 1950 total was 18.340, | In 1949 it Was 15.967. Mortgages Brisk, Too Mortgage business booming last month. Mortgage filings were 1447 little below the 1461 of Senn ber. But value of the mortgages was $9,216,196, roughly $1 ils lion above ‘the preceding mon $8,277,788, The mortgage volume was approximately 10 per cent than a year ago, and the value over October,

also

1949, The first 10 months also showed a substantial increase. Between Jan. 1 and Oct. 31 this year, 13,394 mortgages rep-! resenting $78,701,504 were filed. The same 10 months of last year showed 11,960 mortgages totaling

t

Railroad Shares

Traders Cautious { On New Tax News (Continued From Page 49)

news was on the favorable side.

tail trade,

the rise in construction figures.

=

higher

gadgets, living in and around the house as reported by Science Service last week.

stove or kitchen table, to hold a square of wood with rubber suc-

which with a dull knife. =

bulb socket in a partment in its forward end.

= ” 5 St GAS MIXER, for use with bottiled butane or propane liquefied B come It included high steel output, gas in rural homes, is a tank ployment may be created, if home- through and will act as a cushion 8ains in production of electricity, with two sections. building -slumps-badly;-if automo=ragainst any ‘major drop in pro- And crude oil, a Small gain in Te: and a resumption of larger through a pipe leading out of the

One of the city's finest homes darged hands with the Cardhose by Dr. and Mrs. Victor A Teix|1811 of September, and nearly 19| ler of this property at 320 W. 62d St. Seller was Mrs. Jeanette Bixler. The house has five bedrooms, three baths, library and recreation room, and a three-car garage, and stands on a 125x300-foot lot. The transaction was handled by osoph H. Argus of American Estates Co., Inc.

oo

B

Mr. and Mrs. Richard A. Foxworthy have purchased this home at 1606 Northwood Dr. in Northern Hills from Mr. and Mrs. J: Fred Hipple. Walt Veon- Ce: handled the sale.

Gadgets—

" Projecting Edge * Holds Kitchen Tool

Hand-Drill Patented With Headlight

Here are some new items, novel things for modern

PROJECTING EDGE for

ion cups on its lower side.

£540,365,

Sales

Property sales totaling $223

the ASsoriated North Side Realtors. he covering the week ended Nov...

report,

a iD The figures represented a decline from the 48 sales, reported for the preceding week. Warren M. Atkinson, chairman of .the association, said the compaktison did not reflect a decline in real estate activity. 8

Several members of the organi-

the Zation had gone to" Miami Beach for the National Association of]

meat grinder or other clamp- type Real Estate Boards convention, kitchen tool, is provided by aand Jad failed to make reports; e sa

Sales, reported by Mr. Atkinson

Separation from the surface to and the association’s secretary,

attached is

Evanston

easily made C. Scott Padgett, included: Ww & Son—6408 parts of lots 5

L. Bridges

Ave.

Mr. and Mrs. M. L. Gray were Ralston Ave,

room home at 615]

ge of this two-bed- |

lers were Mr. and Mrs.

W. G. Oitker. Mr. Oitker is affiliated with the Peerless Pup Co. Howland A. Johssom, Jack C. Carr Realty Co., handled the

sale.

: This 1 new foiredivon Yona at 7816 Windcombe Blvd. has “Soon sold by the builder, docih.

Heun, to Mr. and Mrs. Gene L. Williams. John Wallace of the F. C. Tucker Co. was agent for the

Cattle Prices Drop

transaction.

North Side Firms Report Week's

of $223,700

3.700 were reported last week 13, showed tallied

Gregory vy & Appel, Ine: 2033

‘Riley Ave.; 2101 Moore Ave. Hall-Hottel- Co. and Jack C. Carr Co.—2950 N. Emerson Ave. Hall-Hottel Co.-— 4641 Brook-! ville Rd. Fred T. Hill — 2663 Riverside Dr.; 1530 Roache St. F. M. Knight Realty lot in

by 20

at

seasonal low this week. N.!

College Crast, Washington Blvd.

south of 95th St.; isylvania St. south of 96th St.

John Max Realty—371;

HAND - DRILL HEADLIGHT and 6 in Sylvan Estates; Lot og|3t Michigan Kd. and 66th st.

Hold Spotlight to illuminate the work area was 58th St. west of Brouse St. r 4 +

ecently granted a patent by the

government.

Butterworth & Teeters and W.|

L. Bridges & Son—5235 Central

An electrically- -operated drill of Ave

he portable type Has an electric

Fay C. Cash—Lot 27.

Fieber & Reilly—3685-7 E. 36th

Russell Fortune Jr. — oone St.

200 E.|

permit several fields of ~-vistom:

When gas is drawn from the Trifocals aid sight in. close, me-

section, vapor is forced

dium and distant zones.

For librarians, the distance

. Er . The primary problem facing the The automobile news headed smaller section, producing a mixInflation Has Edge country today is still inflation, the adverse items. ing agitation. : Segment Jay ve Doe ne not depression. Ward's Automotive Reports 8 =» - : The demand for workers in most communities is still greater estimated production of cars and IBON REMOVER to clear pipe- 3 enable seeing’ books on upper] than supply. That's indicated by the willingness of workers to quit trucks this week at 122.498 units; {flowing liquids of tiny particles shelves a. uu a 'that might damage such process-| obs. The talk of a business slumpl Co * Jor the year. This com- : 2 Pp EAR PROTECTOR, able to

In September, 35 out of every, thousand workers quit, as against 20 per thousandiin August, and 21 per thousand in September 1949. Workers don’t tell the boss off unless they know jobs are to be had down the street or unless they already have other jobs. Furthermore, the upward trend continues iii prices. The Bureau of Labor Statistics index of 28 sensitive commodities is at a post-Korean high. And a rise in steel prices— forecast by Benjamin Fairless of United Nations Steel — is a bound to push the level of costs

to be lower.

slump

and the letdown-in retail sales—in' October have been a.salutary respite from the psychology of inflation.

and early. November

certain in '5§

As a result, profits are likely] That, in itself, puts! ceiling on gorporate optimism

That's salutary too.

up some more. Washington of- | = You can't check inflation if ficlals have been pressing steel everything goes up—prices, companies to absorb the pros- wages, and profits. You have to

pective wage boost.

Now their hopes seem dashed. .

Urged for Presidency Of Loan Leagle

: CHICAGO, Nov UP )~Wal “Standard - Feders! “Loan ‘Association of Detroit, » Mich. has been nominated for the ( 1951 presidency of the United

‘Benjamin . Frank! tefipeenn REY eae OT tHe Todt

And Kisoe a “io SUL ‘eed Mr, Ray’®

The two men's names will be

States Savings And Loan League, presented to the 58th annual con

the present president Bubb, announced today. o Ben Hazen, president

Henry A.

of

CROSSWORD PUZZLE

vention of the league td be held in. Washington, D.C the 27 to Dee. 1.

, fram Noy

ACROSS IS Macaw J jumps 3 —Haivi dS ‘§~=Canonized breastt : rson Hor : Est GEE 1 Leave solids E (WiS| (iS LT] Lv $3 Dries — Region vl dV] Eng uthern Pe x “orrelative + blackbird §2—=Tongue of [TB130 3) S13 113] 35) vehicle 3101] IRN | 12 T~Sunburn 43—Roman gods 1 “non egative 44~Talking with x JOIN] $= Ape spéech defect no 47 Therefore NI |] Snide 48—Man's name Nv » a }é—Througs $0—Climbing plant iE Sa us of 3} wGresk jetter * mapies S%3~~Remember Aoi mtu) 54—Smaller ost pain 56 Feeling Indonesian 57—Winter Lae ON trihesman vehicles *— Slender finial . 3—Cooled inva T 2 5 TIP ]e $-Songal sauce = Derat, ) n 3 $—Hindu fultary T=Diillseed §—~Neuter pronoun Seine 10—Barters 11=Europeans {3~Laugh loudly 16—Consumed "> | 19—First 20—Ornament 23—Angry . 26—Stop = 28~Dine 30—Paddle 3-Warning ~ device Gets up 35:=Store in a silo 36—~Photographie 37—Pulverizes 41=-Government (nit) 4- ro . > SR hk fastener High md - o 3~Indefinite article i point

‘tion meeting.

pared with 161,009 units

previous week and 115,152 in the 8nd grinders, corresponding week of last year, Magnets.

Part of changeovers

the to

decline reflected new

to, material shortages.

{mainder of the year. -

Cut Steel Operations

Necessary shutdowns. for repairs reduced steel .operations by! about three-tenths of 1 per cent during the week, but the total roduction of 1,981,000 tons was

start to chec K the spiral some” more than 37 per cent higher than . where.

n the corresponding week of last year Electricity output now is 21 per cent higher than last year. Crude

“ott-output-rose fore (Han 1 per

- ERT thE CES AR WAR nearly BEVINRY ERA OFE iis — fiomirated TOF The 14 per..cent

national vice presidency

higher than a year

clined

Three Are Nominated For REB Division

Three candidates have been nominated as officers of the Property Management Division of the. Indianapoli# Real Estate Board. Officers of the division will be elected at a luncheon meeting in December. Date and place of the meeting will be announced later. Recommended candidates are William Keller Jr. -as chairman; Charles R. Fant as vice chairman and Marie Hunter as secretary. Additional nominations may be made from the floor at the elec-

in. the INE equipment’ as refiners, putBpe Fide

reaching the ear drum yet ad- | ‘mitting conversational tones, fits |

models” by rupting unit which makes 30-de- comfortably into the ear canal

President Truman.s request to some companies and part was at--8ree angles with the pipeline. Congress for action on an excess!tributed | profits tax has also induced busi-! The latter is expected to become!

which produces “a curved shape

uses permanen

These are ‘set in a flow inter-

loud sudden noises from!

It is a sonic ear valve, without]

wires or battery, for soldiers, in-

POL YETHYL ENE R I N G 8S, dustrial workers and others near

ness caution more severe. Wi - Ev it © : alks at sg 3. th more change-| ...i¢ers “to insulate the metal iven if Congress balks at an overs coming, Ward's looks for a iclore b lectrical) excess profits tax, a hefty in- see-saw pattern in the weekly PF ctare tube electrically, are crease in the corporate burden is! {production = figure for the re-

{now used in some large television explosions.

= » "

REVERSIBLE FAN, for indus-

trial applications, has a speciallydesigned propeller which will give an equal air flow in" either di-| rection as desired.

One use is to circulate air in|

{lumber drying kilns where one- | way circulation may provide nonuniform drying.

If you want more information. on the new scribed here, send a 3-cent stamp to Science Service, 1719 N. St., N. 'W., Washington 6,

D. C., and ask for * Guage: |} Bul- |

letin. 5435.

Kessler separate com- Crest Addition, W. 58th St.

things de- |

Lot on Penn-

acres

R. E. Peckham — Southwest {corner N. Illinois and 20th Sts. The Spann Co., Inc.—706 Con-

gress Ave. R. E. Walker and Joseph Berger—6157 Evanston Ave.

R.

i Ford V. Woods —2511 Ralston

(Ave.

fo yA Wey TIANKY say

a whale of

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Capitol is get ting ready for inventory . early and it's your epportunity to make important “javings om lam-

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CHICAGO, Nov. 18 (UP)-— Cattle receipts were 10 per cent higher in a steer market predominated by fed steers this week at the Chicago stock yards with most! prices dropping from 50 cents to a $1 lower. Hog prices shot down to a new

A consumer switch to holiday

poultry and increased receipts continued to push .sheep prices down. The larger percentage of fed

steers scalded over 1300 pounds. High choice to prime steers’ were down strong to 50 cents higher in a two-way market affair. Choice heifers climbed to 350 cents higher, while all others were weak to 50 cents lower. Cows were weak and 50 cents lower, while bulls declined from 50 cents to a $1 lower, Vealers were seteady to $1 lower, feeding steers weighing 850 pounds were down steady to, strong with heavier weights drop-| ping 50 cents to $1 lower, and

[stock calves were strong to $1]

and more higher. Five ve loads of of prime f fed steers

On Heavy Receipts

I weighing 1092 to 1220 pounds sold

at $35. Bulk good and choice fed steers and yearlings sold at $30 to $33.75, whole choice weighing 1562 pounds received $31.

The week's top choice vealers

br ought $35.

In the hog market barrows and gilts were steady to 25 cents lower with a decline on weights over 23 pounds. Sows wers steady to 25 cents lower.

Waddy & Springer Changes Location

New and larger offices were opened at 714 Peoples Bank Build-

ing last week by Waddy & Springer, realtors and insurance brokers.

The firm, founded in 1913 by H. 0. Waddy and ‘E. W. Springer, formerly was in the Union Title Building. The company is headed by Ed-

{ward W. Springer Jr., son of ong

of the founders.

'f

FIX UP YOUR HOME Hany: Atems 20% to 50% Off

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“AGRE joadings-dipped-ofrthe i TER week but were 32 per cent higher free of distortion. The . shoto Olt HEA § “up than the 1949 week. - shows a circular ring, but they | ges. $34.95 SUPERFAN GIVEN with According to Dun & Bradstreet can be made elliptical, or in other any heater selling for more than $39.93. wholesale prices are 24 per cent curved shapes 5 da 3 higher than a y ? . ay 317 8S. State St. AT-1428 | £ an a year ago. Business| .ocCUPATIONAL” lenses foro. | loans gained further.” Money in eyeglasses have segments which SN 1 . cirenlation and gold reserves de- ane » . | el | ARMSTRONG'S

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The nominating committee included D. T. Nicoson, chairman: Glenn E. Burtt and A. C. Moldthan.

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(Continu

of New causeways That was | right after Prest-O-Lif he was to | But the ls 20's made N Montauk Be to $75 millio the height « pression da and Mr. Fis There's “a him here, b gaud about N ‘st monume terprising in Said the er's the m Beach aws tors and siers.” Now the read 0, Yorkers.”

ANOTHE] sieri helped 1 He was Jo San: Francis He came to founded a “'s Hollywood-b fore he kney a city value ‘then. Most of ti are named came down | in the boom Binders wi chase of res: cent down. ' changed, lik needed read) For exar Schreiber b acres near tt hassee, for it a week lal never saw tl

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