Indianapolis Times, Indianapolis, Marion County, 26 November 1950 — Page 46

= Outlook in the Nation— = Inflation Losing Some of lts Zing

Nation to Learn Soon of 1951, | 1952 Future Under Controls

By J. A. LIVINGSTON ’ THE ECONOMIC DICE have been cast .stopped rolling. : : ; We're going to find out prefty soon what kind of an America we'll be living in during 1951 and 1951, what kind of lives we'll be able to lead—free or restricted. We'll learn whether we tan escape rigid, all-out price controls, wage stabilization, Perhaps a- “yo h.nge on is better than tioning. or whether we have t0 80. money in the bank.

through the same tight regula- That explains the continued tions in the present 10 per cent to rise in business loans, which A " brought forth another warn-

But they haven't

“whoa.” Most commodities, like

ergies, rubber, metals, textiles, are in

The main battle at home still

pushing upward. Wall Streeters argue with ‘increasing vehemence the virtues of common stocks as hedges against jnflation, Nevertheless, a business setback, which would simultaneously “roll back” inflation and stave off pressures for price-and-wage! controls, may be in the making. The boom has lost its two main

To be sure, commodity prices are still powerfully strong. Cotton, for instance, pushed above 44 cents a pound, before selling off. That was the highest price since the Civil War, when it sold at $1.90 a pound in New York because of the Union blockade of southern ports. People still argue that goods are going to get still scarcer,

therefore anything you can lay props—automobiles and housing “11: Tightening installment po 800,000 VS. 1 3 Million credit. terms Regulation

A letdown was entirely possible anyway. this year and last went far toward catching up with pent-up demand.

s 7 eds. A oe ————— gos —— : met the most urgent needs nd evitably, reductions in steel, cop- : Regulation X has made credit per are also “bearish.”

harder to get. Contractors are They mean dislocations in pro-

. . : adam radios, televisions, vacuum clean- : with cold weather, has reduced ers, and so on, They suggest 1ay- : new housing undertakings from- eg or some workers, possible rean all-time monthly high of 149,- dquctions in the work week until : 000 in May to 103,000 in October. defense orders increase. Next year's new housing starts At the same time, the pressure : are estimated at 800,000 as of the Federal Reserve Board on| ; against 1.3 million this year. banks to cut down lending may

The controls introduced by the become effective. In which case, . National Production Authority business-men will find they can't a nul district had Forms New Firm # i toons | ’ y ‘i . f . : : cutting back civilian uses of raise money readily to buy in \ Number of Transactions Ties Sixth Highest aluminum and cobalt and, in-!ventories Auto Issues Active " s > 115 ON XA EA FR Automobile issues, sold heavily Bob Johnson Named Of Year, But Value Figure Is Up $ ,000 REGULATI ND W TH in the first two sessions on out- | Mc North Side realtors shrugged off winter winds last week, moved saad : look for curtailment of auto pro- Sales anager fast to shelter their neighbors. New home building falls below 1949 unde duction, came back later when (Continued From Page 45) In so doing, the 37 allied brokers tied their sixth highest sales impact of credit curbs and cold. : shorts covered some of their with his wife and two children record of the year. 150 : 150 commitments, at 3833 KE. 56th St. Last week Associated North Side Realtors, bulwarked by reB a Steel issues developed a better His sales staff will include turn of Miami Beach realty convention delegates g 2 ot | tone although their gains gener- , . —. 0 also Shortridge and Pleted property transactions. It en x —|130% ally held to small amounts. Oil YU alumna. Jk rang a merry $563,400 on prop- Aye 5 w issues were up sharply on the ‘ sna. wd t tterworth erty values. Sof : no § week. Johns-Manville and Good- & She as op the Bu es at This report knotted the 194 9 rich featured their respective di- ...., N “Delaware st record for the week ending June 3 Keystone Ave. = Jremmesay - visions. The liquors rose as ch : McKenzie wii formerly 24. but the dollar worth last week Ave. 2001-3 Keystone Ave. 20099 90} ism 90 ° Christmas buying started. a Caixa ~ Cn wma tar, WEE Up $115,000. ~~ 11 Keystone = w : with Driscoll Realty Co. and But- " tions, the affili- nse 4 g © epee 8 Television shares had a shock terworth & ‘Teeters following Among transactions, the athli- stone Ave. 2017-19 Keystone Ave. . Se s | early in the week on predictions v discharge after three ears: ated realtors sold rine pieces ol 3n4 4131 Hartman Dr. 70] vg 703 that industry will have to curtail army Swenarpe & Europe hi is undeveloped real estate. Four of Fp. be & | production sharply next year. a raduate of Towa University the sales were handled in 0 : oy %0 | They came back from their lows 2 lives with his wife and twin operation with companies "other yon. Max APR MAY JUN JUL AUG SEP OCT NOV DEC rand were especially strong on daughters at R R. 1. Carmel. He than associated SHS. the Real" at : 1 {Friday on the MacArthur state- . oa aT : The list, repo 0 5 Begs Megs, of Coaasey Pupand fr J. A. Liviogmon ary : is 26. : Estate Board by Chairman WarNewest member of the new

. 2 It all adds up to some abatement in demand-—not| Which? only from consumers, who bought freely, and. may messmen who, in the months following Korea, but also from business men who. in a defense economy, don't know where they're going. |

“a new tax law, which would siphon off excess purchasing power from consumers and corpora- mn rer nn tions before another round of price rises gets under way. It's a possibility. However, if fear of scarcity

avoid reinstituting price and | wage regulations similar to those of World War 11 ’

The economic consequence

ward pull of readjustment I 3 a to see how President from whom, for the “duration”

Hog Prices Up 25 Cents On Post-Holiday Demand

Sheep Close Week Mostly $1.50 Higher; Choice Steers, Yearlings Bring $36 Top

J ter the turkeyCHICAGO, Nov. 25 (UP)—A demand for hogs af filled holiday helped pull prices to about 25 cents higher on some ses at Chicago's stockyards. : - Sas The sheep market ended the week mostly $1.50 higher. Four thousand show cattle featured the receipts this week in the cattle market. Slaughter steers and yearlings were fully 50 cents higher compared with last week's, i Most of the supply lar market steers

Choice fed wooled western u- topped the late trading at $31. of The bulk, however, went at £30.50 cattle carried from pre- to $30.50 and there were odd ots * Thanksgiving market. : $31. The natives Closed at. $3( The cows and bulls closed. the which brought $31. Choice 90 week steady. Vealers steady 10 $30.50 and there were odd lots $1 lower and stockers and feed- pound No. 1 skin fed shorn lambs ers steady to strong. Numerous g§t as. high as $29.50" with 110 loads of ‘high choige and prime pound summer shorn offerings 040 to 1240 pound fed steers and bringing $29. There were not vearlings including some rejects snough yearlings offered to make changed hands at $35 to $36. a market. : RR Most common to choice ewes; $36.35 Top 050 to 501d at $14 to $16.50, with heavies Three loads of prime 105 : trading $15. ta $14 and Dudk 1225 pound steers weeded from DE re. show - stock sold at $38.50 toi® +a j vo a $36.75. Buik good and choice . - . = yearlings and light «teers traded | jayidation Hits> at $31 to $34.75. Bulk ‘good and choice mature steers went at $30 Grain Market to $3350. Choice and prime 1408 pound weights brought 334.| CHICAGO, Nov. 25 (UP) Medium to choice vealers brought mo qine in the grain market

- ro ads of $27 to $32 and three loads ranged inactive to rather

from chqice stock steer calves weigh- ; ; ing 75 ta. 500 pounds traded spirited this past week at the

$37 50 to $39. Medium and good Board of Trade. feeding steers $26 to $29 while) The “home by Christmas” of-

choice 625 at $33

of the reg consisted the

was taken to be the most stinii- , a lating development of the week In the hog market barrows ané ,,4 caused a great deal of liqui3 5 ‘hic ices } ed the week steady to 15 dation which brought all pri gifts end . He 50 down from .the close of the prehigher, sows were up co to : ssddelonin ' gents. The wholesale pork market s : Hvidav's tose last ST a = Compared to Friday's $ also weakened early in the Week oo wheat. yesterday eosed but held steady on later sessions. 214 to 35% cehts a bushel lower; At the close of the week's sbesion corn. 3% to 4% lower; oats 3% good and choice 180 to 230 pound to 53% lower; rye 6% to-T'% lower; weights brought $19.40 and 240 to soybeans 5% to 77% lower, and

pounds mos > lard 43 to 60 points lower. 280 ds mostly $17.55 to $18.15. All deliveries of soybeans tum-|

A few heavier kinds down 10 yg the permissable limit on around $17.75. Friday, 10 cents a bushel. : _ Sows under 400 pounds closed at $17.25 to $17.75. The 400 to 500 drop in bean prices was the re-|

Sow Prices Up

Germany to seek additional . \U. 8. feed grains in place en ‘sheep : bean for which . the A a on hier granted an allocation last May. | ‘| _ Trade in the wheat market was y light. There was some

‘main’ factor. the week, Mexico but

, A heavier weights traded pect

therefore going slow. That, along duction of durable goods—autos, ay

dominates all economic activity, would be clear. Wed be in for Soe if ‘prices rise in spite of the down- regimentation of what we buy, then how much, and in many cases

pound yearlings sold tensive now underway in Korea . PY

Another factor in the heavy. pound weights brought $16.50 to port that government officials ex-:

Stock List fits Four 20-Year Highs |= exes In ‘Comeback

Issues Gain During Latter Part of Week On War News

By ELMER C. WALZER United Press Financial

NEW YORK. Nov. 25—S8tocks — rose to new 20-vear highs during

the past volume,

The list sagged early in the week on realizing. and tax selling, but came back smartly the day the holiday. It raa up again on Fri-| ‘and Mrs. Frances Bongen day when Gen. Douglas MacArthur predicted an end of the Kon ar by Christmas. % Industrial shares featured in

20 per cent war as in the war ing from Federal Reserve against Germany and Japan, Board Chairman Thomas B. before which required nearly 50 per cent MeCabe. of our national resources and en- He advised bankers to

rean

tered only small gains. Utilities, | = which are hampered by high, in’ wartime, moderately. | The net gain in the market for! the Wednesday and Friday ses-| {sions was estimated at $1,250,{000,000 for all listed issues.

taxes

The railroad average confirmed - the rise in industrial shares and market men said this was bullish, althdugh some of them continued

i ap iv i ¢ 'S t i . © a omptille output sigged Des Leived Bis Dachelo Se ing. propelties sou: Haverford [oliton Ave. 3068 Washington fore real estate salesmen at the al push on industrial and apartPE or, of Doee a ns from. TU flit year. : Ford oods 108 Blvd, 4143 N. Kitley St., 5929 semi annual Real Estate Board ment expansions, the weekly cone and trucks totaled 119,863 units graduate of Shortridge, ‘Mr. Tar- AY% : 6824 Wil- Haverford Ave. 6055 Crestview educational school last month. struction magazine reported. : ! Ss B60 S, s s Charles C. Binkley “ Ave., 635 E. 57th St. (represent- mrtmesr epee ..New_ financial capital scared, |

week

Rail Averages Rise

Construction Gains

and

cording Reports.

Construction enjoyed. one of its Shortridge High School and Butgood weeks and was well previous

is L. Wood of # n is against inflation. ‘And at the great demand—for inventory oS ; i Harris L. S he Spa mn moment, the good news is that in-| purposes. the Friday session and rails, con-| ys SY WL de _flation has lost some of its zing And the stock market keeps sidered No. 1 war stocks, regis- bt 5 1A z

W-—has put a crimp ih automobile demand, especially for used cars. 0 caution traders over full in-Record-breaking sales vestment of their funds. 1 significant feature of this Similarly, in home-building, record construction has all but week's market as the experts saw t, was a new increase in specuative demand. Investment stocks sof high grade continued popular {but those of sothewhat more spece tinge made the best gains.

another long list of highly favorable. dividend creased earnings reports. helped individual stocks in most instances although in a few the stocks declined, when the actual dividends ordered were smaller

. The Tespite from-inflation may give Congress time to work-an. or yy fre PFeVIOUS SHES Hest —3617-College Aveo wie ©

“

THE INDIANAPOLIS TIMES :

Homes Get New Own

8 { ¢ yi" Hy

Editor

week on increasing

The E. & I. Realty Corp. sold this three-bedroom home to Mr. this month. Mr. Bongen will now have rapid access to his job with Allison's. The home is located at 2021 . Fisher Ave. in Speedway. Sale, completed Nov. 17, was handled by

Co., Inc.

Thanksgiving Day

came back !

Edward Dillehay of the J. S. Cruse Realty Co. helped Mr. Also helping the market was: and Mrs. Ewell Chatman purchase this house two weeks ago. The

dwelling at 3425 Graceland Ave. was sold by Mrs. Lucy M. Saxton. Mr. Chatman is employed by the Clay Products Co.

Butterworth

actions and in-

These

company is Mr. Tarshes, Who re- ot paqget, included the follow-

76.026 In the corre-. A broker and member of the y. Bridges & Son—Lot

Side

Realtors, Mr. gun gt, 1811 E. 64th St. graduate of g464 N Oakland Ave. Butterworth & Teeters Rosslyn Ave. (representing pur-

Automotive ated North Butterworth

Ward's a

yve ler University.

week and a year

ers in Realty Salés Here

erty of Mr.

dwelling from Mr. and Mrs. Glen Pomeroy after moving from Beech

This 10-room house at 1214 N. Dearborn St. is now the prop-

‘Home Builders

Into Future

16,000 Expected . To Attend January Powwow in Chicago

| | - Right on the doorstep of a new production year in controlled {economy, American home build~

reading of their industry. | It'll come at their seventh annual convention and exposition set for Jan. 21-25 in Chicago. Already foundations are being dug for this get-together of the National Association of Home Builders. It's the biggest. realtybuilding parley of the year next

and Mrs. William M. Norris. They purchased the

Grove. Mr. Pomeroy operates an auto upholstery business. Trans- [to the annual realtors’ meetings.

action was handled by the R. C. Smith Co.

Mrs. Charles A. Barth purchased this two-bedroom house in |

Top government and private ‘housing leaders will go into what financing an building material 1 tproblems home builders and buyers will face in 1951.

Study Design, Selling

House design and merchandise ing will get top play during the

‘have their role in the builders’ talks, too, with discussions on housewves needs in new dwellings and demand for minore ity housing. Winners of at least four nae tional contests, including home design, sales. campaigns, neighe borhood development and Nations al Home Week newspaper sece tions will be’ cited during the _ meeting. . | New building products will be | Introduced for the first time in expositions and shows in the |Stevens and Congress hotels. Exhibit Space Sold Out

Exposition space is reported

the Butler Section late last month. The property at 136 W. 43d 'sold out and officials of the AssoSt. was from the estate of Mrs. Grace Hobson Hudgins with Eugene ciation predict more than 16,000

Barth of Barth Realty Co. handling the transaction.

Week's North Side Sales [Realty Man Here Total 51 for $563,000

Fred T. Hill — 5042 N. Capitol

: Keller Realty Co., Inc.—1341-3 51 sales prigge St.; 5925 Julian Ave. 2021-

"Lot in the 9100 block Kerwood ren M. Atkinson and Secretary C. py b

Bruce Savage Co.—-5757 Car-

“TIN RENE 522 N. Delaware St Real Estate Bonds 5 ! } LON (representing purchaser), 5422 N. Real Estate nds sponding week of last year, ac- Real Estate Board and Associ- 71. gf east of Dean Rd., 1807 E. Keystone Ave,

to and 3n4.3663 Creston Dr.

The Spann

8001 30th St. and 2021 Fisher Ave.

: M. Knight Realty Co. CO~ Calhoun St. and 340 W. 38th St.

T800 Allisonville Rd. Harry IL. Robbins Realty Co.—

builders, architects, materials imahufacturers will attend. Thomas P. Coogan of Miami, Association president, will open the meetings with outlooks for 1951 and review of 1950's produc{tion record. Among major speakers already soheduied are Raymond Foley, . . ousing. and Home Finance F. C. Sims Outlines Agency Administrator; Franklin Selling Practices D. Richards, FHA administrator, Listing and selling practices as 8nd T. B. King, director of loan outlined by an Indianapolis real- Buaranty services, Veterans Ad. tor were cited in the current issue ministration. of the National Real Estate and oT 4

des the wie of “are we se. HEAVY Jobs Climb Up Again

ing Honest With Owners?”, FirTimes Special

man CC. Sims, long-established East Side broker, discussed problems of correct valuation and de- NEW YORK, Nov. 25 Heavy termination of selling prices on construction awards tipped thse today’s market. building scales last week at $235 Mr. Sims flayed the growing million, far above weekly averpractice of many brokers to over- ages. estimate market value of proper- It brought the 47-week total to ty, knowingly, in order to obtain $10 billion nationally an all-time house listings. This he called “de- record and 46 per cent.more than ceiving the owners.” last year's comparable volume, He suggested guides for “ethi- the Engineering News-Record recal and conscientious” brokers in ported yesterday. his article. Mr. Sims’ article is a All construction classifications digest of the speech he made: be- reported boosts with late season-

Writes in Journal

reported 51 com-

2005-7 Keystone

Ave. 2013-15 Key-.

20567

Realty Co. Three!

too, with state and municipal bonds and corporate securities ise sues and sales up 2 to 7 per cent,

Gain 1.9 Per Cent

Times Special NEW YORK, Nov. 25—For the third consecutive month, the real

5039 W. 13th St.,

Rents Average $24.44

Co., Inc. — 4024 E.

SUNDAY, NOV. 26, 1950

Planning Peek

{ers will receive a major pulses

> five-day meeting and women will -

F.C.

- Tucker Co. During World War II, he Was .p.qer), 4343 Ralston Ave. 1929 ley Dr, 5817 Kingsley .Dr. (rep-

827" Kings-

ago. Electricity output set an all- employed by naval ordnance’ on gp Riverside Dr., property on the resenting pupchaser). 3511 a Col-

time

Crude

record high. rose but was under a.year.ago.associations. the. president. .ol.genwoed-Ave——— x

oil

Coal output the East Side. With his realty , +p’ sige of 96th St. and 3517

rr p————"

output declined but Butterworth & Co. is also secre- phromas F. Carson — Lot on

was well above a year ago. Gaso- tary of the Broad Ripple Business Berkley Rd. near Capitol Ave.

line output rose on the week and Men's

the year,

Money in circulation had the director of the Habb Realty Co., holiday ¢ reserves continued to dwindle as foreigners took gold to build their his wife and two childfen at 3675 gjyq.

usual

reserves.

-Business. failures SH 170 from 135 in the previous IRONING week and compared with 183 in the corresponding week of last pressed as little as possible.

year

fell about rl itu jarge) els ell : gener tle acs last week luvity stirred the foreign demand.|

”

Association, member of priseoll Realty Co.—Lot at 76th the North Side Lions Club and 3,4 Meridian Sts. _Fieber & Reilly—3718 Dearborn (301d developers of Westfield Heights. gt lives with M. G.

week rise,

He is married and Gerdenich—5301 Kessler E. 65th St. A. H. M. Graves, Inc, — 6180 TT : : Kingsley Dr., three lots on 54th METAL CLOTH St. between Illinois and Meridian should be Sts. and 563 E. 37th St. Do . Hall-Hottel Co.—5150 Atherton not let the iron become very hot. N. Dr. and 214 N, Davidson St.

i TT

YY Hinshaw SRL (TTR)

2129 PROSPECT ST.

increased

Metallic fabrics

De prer

Given with the si

2 WO ag)

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50 Pc. SILVERWARE SET

» THOR AUTOMAGIC"! WASHER

flow Rinse!

SAVE $50.00 BOMN Silverware Set : : ONLY

Eo “

Thee Spinner Washer AV UJ Nl ty iy ly S00

$209.50 Value TOTAL VALUE $239.50

and Your Old Washer : :

> A ; : -

orado Ave.

and

SOM Ave

Robert E. Walker -

rollton Ave.

62 N. Edmond-

- 0868 Car-

estate bond market here vanced in value. . ; During October bond prices

ad- ‘SAVAI YAH, Ga.—The average monthly . rental for all tenant-

occupied dwellings here is $24.44,

moved up 1.9 per cent on 40 is- according to the Bureau of Labor EUes reflecting property worth, ac-'Statistics. “The aver 3e rental in

cording to the Amott-Baker real- one of the ty bond price average sheets.

“low-re-t” governs ment hoysing projects is $28.59.

“4

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1200 W. 16TH, Y2 BLOCK SOUTH

oo 1 3 A! ” >. v

A . N « NE E \:

RA he

HON

ool

SUNDA} Agen In Sta

Continued studies p hot interiors if i eling job on arranges for title and ve! sends the “« application ¢ for, final OK. After that And VA pa) the housing of construct tion. Then ~ on the rest o anv othér arp

But VA mu “mwhile facil shelter. The terior doors wide in new feet, eight-i houses. No houses ate { wide.

The disable have ramps difference in level, autom: water units @ halls and bat chair maneu ~ IN ED 1 awarded the $23,100" hous $1100 down with income . and disabil from £01 makes the on

the

his GI toan: His home tectural gem brick interior

Public | Block t

Builders Break L

Efforts tion of public shift

will

regul

the

iation of “It would be housing: | d to prog ite enter) drastic iid F Association e dent, Mr. Cortrig three publi voters in tl

nder

01s," si

li Ie n u t1

of ba * rejecting 0 grams Ousting low-cost hous Madison, Wis. California bro

" ber of localit

down on this

Seven Are

--ForzREB,

seven mor Neal Estate were approved Pending anminations granted Vo K il Carter C nutt, A. H. M.

HT REelity

-ence R, Harri Inc. funior” stan Reese Berry a with Hawkin associate stan

" G. Rhomann,

" Shuttleworth-’

display Room 8 peciali

FACTORY FENC

TRON RAILING Frea Est} State-Wi

"Public chants, goodwill, w

sp! as

this lovely you have’ ju are a New moved to ¢ the city. Th No obligati come Wor phone is | range to r

Welco

“New York @ |

PHO! }