Indianapolis Times, Indianapolis, Marion County, 24 December 1950 — Page 34

Michael V. DiSalle, former mayor| soon be in the accounting busi-

Economy Faces’ Tightening Up

NDA

Builde

To Dis Home

_ To Mean Much Less for Home At Pons # ©. Byd A LIVINGSTON Month i .i CHRISTMAS 1951 is going to be different from Christ- “ Hn 8 1950. Not so many automobiles, refrigerators, washing a WASHING And not so much economic freedom either. tects ‘and bul

| Washington is beginning to pull the economic strings, directing ‘the actions of all of us, channeling the nation’s

resentatives w next month t outlook in hor

energy and resources into increased armament. i events The United States -is fast 100 much. Mr. Difialle can. sep ciation of Ho

becoming a garrison state. in later with a rollback and perYou can see tighter con- | haps a recapture of profits.

trols coming in the policies of Mr. DiSalle, incidentally, will om Rn

Realty Co. Wiz lage

held Jan. 21 Stevens and ( Home builde will be there t in housing du

of Toledo and now Price Stabili-| ness. His “voluntary” freeze on | 15.room double at 3330-32 Central Ave. Seller was Emma \ 3h hou zation Director. | prices puts him there. Under it, | Bowman, retired restaurant owner. Dr. Adolph Schmidt, optometrist, ng was Problems in He is adopting the technique prices may not be raised above | chased the property. a be Paul L. McCord Co. saleswoman for Mrs. Maude Westover, negotiated the sale. rean War and

.used by Leon Henderson in the

early days of World War II—jaw-

Dec. 1 levels unless profits before taxes are below the 1946-

economy will panels and cli

bone, Mr. DiSalle has no en-| 1949 level. That means that . ; Some of the forcement staff. His power is the| most companies’ profits are or S . ‘be emphasizec threat. If a company boosts prices! suddenly going to “shrink.” . : i tures will be : 4 i tion Problem:

T'ain’t Fair Auditors’ will argue that the base years are IF unfair, or that they're entitled to unusual de-| epo es preciation charges, or that inventory write-offs of an extraordinary nature are justified, etc. That happened under the excess profit tax!

Transaction Total

Cost Rental . ply and Distr Materials in sign for Toc

er. Difialié. knows that 3 “Building r. DiSalle knows that. y y i His formula indicates how he moron Among Year's Highest $20,000 and U and Alan Valentine, director of protects farmers rather than | , 4 North Side Realtors | gh is

the Economic Stabilization consumers. Agency, are thinking. The hope Price ceilings on farm products

js that businessmen won't invite must be high enough to guaran- sales volume last week.

The affiliated brokers reported

pushed through another “high” in|

agenda inclu Senator-elect (R. IIL), pres

. .. But where doll tee the farmer the highest price : : 3 Sachdonn 400 rd ae which prevailed between May 24 45 transactions WORE $452.040. in the NAHB a fif’s profits are at stake, can and June 24, or a price which The per unit average al um $100,000 ¥ pale olde ue fam, rine ons purity hie constituted, ote of he 0) OR a 2 CON Bee Pe ae wm Tone At t, the “voluntary” freeze, ndu : es. 8 . : » housing offici is ad Pe ne youn oe DiSalle, That takes most farm com-, Among transactions was the Mrs. Dorothy Guyot of Butterworth & Co. and Ed Eaton of the Hugh Teeters This buff brick rambler at 560 E. 81st St. was purchased by C. A. Jordan, sales ya BE 1 to time Jo build up an enforcement modities out from under Mr. purchase of 23 lots on the North-| Co. represented the buyer and seller in the sale of this two-bedroom frame bun- manager of the Shell Oil Co. Sellers and builders of the two-bedroom dwelli featurs talks staff, {DiSalle’s control. Yet farm prices east Side by Fred L. Palmer &| galow af 1505 E. 81st St. Mr. and Mrs. C, O. Bucksot purchased the home from were Forest B. Kellogg and Ben T. Carter. Sale of the bungalow was completed brough, autho ~~ M1 DiSalle can’t do his main |—foods—are the dominant ele- Sons for a new housing project] Np and Mrs, Walter H. Edwards Jr. last week. ! Mrs. Willie 8 Job= keep down the cost of liv- ‘ment in the “cost of ving. a next spring. - 2 > . Ta morist and at ing. Congress saw to that im labor leaders pointed out to Presi- This topped sales of five other . : / the Defense Production Act. It ident Truman on Wednesday. pieces of undeveloped Teal estate [ gus Six New Houses Real Estate— : : ome ui g yuoneof The 3 = ek ending Dec. 16. ; OD. Ease the Squeeze i" hi Murrey of the c10 “hot MLE Using Find Buyers Black Market’ Payments | entation of as QUI and William Green of the AFL, p54 new homes in the $10,000 Eo

want to retain the cost-of-living clauses in wage contracts. $12,000 bracket on his new Further, they insist that if prices go up, so must wages. Workers , 4 io now completing pro must not be squeezed during the defense effort. ; ‘on Brouse St. and Tibbs ojtets, To stop the wage-price spiral, Congress will either have to amend the Defense Production ; ree

{tiations in the new land pur-

[Realtor Fay Cash handled nego-|.

Is ‘On His Way within an Hour

i Boar | SIX “OPEN houses of the week” New rd President were sold almost before they were

Bring Warning On-the-Side Deals Prohibited Under Government Insurance Program

From VA

0ff in November

Down 18,000 Units From October

the announce: four national home design and communi

Act so that Ieassusbie sellings Vo Bia int re eo Shane. Yellows Dui gs Path {sown (Continued: f: P 33) security, right now ii Hom . can be put on foods, or Con- duties, List Submitted on rom Page 33) Products of the Huber Con- ontinued: from Page means y ow, Times ; : gress will have to go In for & | General Lucius Clay is on leave| mu. jit submitted io the Real| Board next year? “Like any- |tracting Co. and Gregory & Ap-| There comes, too, & satisfac- | when it's most needed. WASHINGTON, Dec. 23 — 9 the show. food subsidy similar to that of .. (airman of the ContinentallEstate Board for computation by one going into such a position |pel, Inc., the units wera described, tion from deep within. It comes For this there is gratitude for |Home building dropped sharply yg. . Great Britain. |Can Co. to assist Mr. Wilson. Gen.|Chairman Warren M. Atkinson| YOU feel you're not equipped to |in The Times last week. They| to all in their homes, around | job well done by the men and (in November, when builders Predict Such a subsidy would support|Clay's forte is mililtary procure-|and Secretary C. Scott Padget, take on the task, but things | were ‘opened” at 2 . m. in the| the dinner table, before the tree | women who buy and sell and started 5,00 new permanent . farmers’ income and hold the line ment. He served under Generallis as follows usually work out all right. 1300-block 8. Biltmore Ave. aglow. We're at h Tat build homes, Non-farm 4 ul ng nna. 15.000 Brick, T on workers’ living costs. Having Brehon Somervell and later James| The Spann Co.—531 N. East Mr, Argus is married to an Within an hour, the tyo- It's this: We're at home. year they've sitabilshed oy 50 oa) ™ —okayed the cost-of-living clause F, Byrnes during World War Ills, 2533.35 B. 16th St. 1315 N.| \ndianapolis girl, the former bedroom frame houses had “occu- re . a greater beachhead of security. Ey WASHING’ in the rail wage agreement, the before becoming American Mili Pershing Ave, 7135 Park Ave. Betty Reed. They were married pants.” Signed to contracts by : They've housed more in better A aye. put of brick White House, represented by John!tary Governor in Germany. 2631-33 Gracelan d Ave. 1523 8 | in the Log Chapel at Notre Salesman Fred G. Buskirk, C. R.| an 5 ces shelter. } " Ty I D, pre Do to continue hi R. Steelman, can’t very well annul! Sidney Weinberg, of the in- Harlan St. and 5001 E 82d st | Dame in 1941. {Harris and Alan C. Appel were: 4 And when the tree glimmers [nary a a , . ing year,” acc it. ie the Administration must | vestment banking frm of Gold-|in co-operation with American ; The Argus ive = S218 Waste - 8 8» i . Momarrow; ang al jhe Somer. pastm ER tatiation Burea u ol i Puside stabilize the cost of ving 0/man, Sachs & Co. who was a Estates. . | JOBIN Sup eir three | jvAN W. and Charlene ~ Durin Week TOWS.30 Coma, We, yulte : . ay Product: control prices. —~————itop-War Production Board Of-| Hugh Teeters Co.—1305 E. 81st| Shildsen: Juss, 8, Susan, 4, and | Barker, who purchased the house ars Fis 1 be a small par g Zhe housing elu 3 in he Demands Mr. DiSalle’s orders are sub- cial under Donald M. Nelson, is/St. in co-operation with Butter-| oseph David, 2. {at 300 S. Biltmore Ave.; James R. hind * is iafyiifcent : Pe amounted to 26,500 units in 1950, stitutionaj ir ject to change. {also joining Mr. Wilson's staff. worth & Co. ’2 #2: Golay, No.306; James G.and Mar-/ T,adars Cautious . compared with 35,000 in 1949, the . “p, on oth Charles E. Wilson, who re- Mr. Weinberg is a great person-| yp (, Tucker Co.—110th St | BESIDES a number of other {garet Roller, No. 312; William T. . ‘Hail to the Chief(s) bureay said. - r Suction signed as president of General nel man. He got company presi-\1na’ 51 (repre od b -And| organizations Mr. Argus is a {and Ruby E. Byers r., No. 324; -On Price Controls Is During the first 11 months al. van ma whee Electric to become director of dents to go-to WPB. Presumably, N Gla ast Pp en g liar): 3501 member of the Notre Dame Club |P. J. and Frieda Seyfried, No. 330, CHICAGO. Dec. 23 (UP)—All POLITICAL parties have noth- most. 1.3 million mew: dwellin g eposits are the Office of Defense Mobiliza- he'll do the same for ODM. Ave re Tan y; Drexel) of Indianapolis, the Optimist [and Kenneth F. and Betty Jane| rices moved. steadily past 1ast ing to do with it. * “lunits were’ under . construction. manufdetusin : Ft 3 ? re Tand “5547 Carrollto A orl a Club, andthe Immaculate : +-No.-336, week's close on the grain market] -But there'll be two PF “This “Was -37 per cent above last f FE = I dna WwW N K Thus men with knowhow are taking hold of p fd Ave. Nn 00-|.Heart of Mary Catholic Church. | Mr. Barker is in the painting’. t ‘week living in the House of Keller next! year's volume in the same period. . ’ e NOW the rearmament effort. We're speeding up. °Peration with the Wait Veon Co.| Hobbies? He likes golf, business; Mr. Golay and Mr, Rol-| Conarte. Friday. weekj¥ear: olume IR he same 3 This year Cutbacks of civilian production are likely to become more pro-| Walt Veon Co.—4330 Carroliton| though he says he’s a “hacker.” [ler with Allison's; Mr. Byers with ¥ One's Tom, who was named Although a seasonal decline is A A Dt

nounced by spring. A controlled materials plan is merely a matter Ave. of time—to “flow” steel, copper, and aluminum to defense and vital

| And music is tops on his avoca- Pierson Electric Co, Ford Woods Co.—1312 Silver)

ago, wheat closed yesterday 2% to 35; cents a bushel higher; corn [3% to 334 higher; oats unchanged

and Mr.

tion list, too. {Shuler with Adding Machine Serv-

1951 leader of the Society of Residential Appraisers. The other's

normal at. this time, house building was practically at a stand-

eight billion & cording to go

civilian industries. | Ave. | Some of his friends and as- {ice and Sales Corp. The Seyfrieds 4% higher: sovbe 7% to 8 Bill Jr., who follows his brotherigtiil in some sections of the 4 = . ] By- this time next Year, polls comer | piggy Bpodbock—1502 Udell gt, 30c1ates call him “Little Jor." moved here from Detroit, Mich. Inigher and lard 32 to 55 higher. and father into the chairmanship country during November ~be- \ Constructi oi loa ow price control; priorities; jaazings. bonds. as... rapidly 8 192.94 Langley Ave, T20 N. Ala: ot that's - just a. nickname. -.-.- ne 1 rraders noted thé INAbINtY of ofthe property management-di-loayuse of “severe storms; the bus gins -On ; Negre and taxes should be. set. Pre. Dey Ve Deen doing, : bama Bt., 2260 Gimber St. } He 3 really quite a big guy. 3 {the United Nations to secure a Vision of the Real Estate Board.reay reported. : WASHING’ sumably we'll know where we're | That's one of the curiosities of "0 L/L oll tent we “fh = | 0C S im p {favorable ruling on its ‘cease! Above both boys In the Keller] During a similar period last of what may going. the garrison state. People save... "oi "0 od'w 334 St. Building Material Ifire proposal” and felt that this real estate-management firm and|year, when abnormally mild gest luxur And if the defense program cuts when they can't spend. Their fi- oi | 3 . |contributed jo the general ad- offices, too, there's a director. He's weather prevailed in most parts

deeply into the production of con- nancial prosperity increases when| Fay Cash—23 lots on Keystone sumer durable goods like auto-|their standard of Mving declines. Ave. north of 25th St. mobiles, refrigerators, etc., as I/That will be a principal difference, Gerdenich Co.-— 1617 Warman expect, people won't he cashing between Christmas 1951 and 1950. Ave,

{vance in the market. The rise was not a rapid one {and all days found slight increas{es with the end of the week show-

Decline Predicted In Record Move | WASHINGTON, Dee. 23—Pro-| |

{duction of building materials and | {Continuey . fram Page 33)

Bill Keller Sr., starting his second

Estate Board. But there's only one man living

year as an executive on the Real November drop

the Octoberin non-farm starts was 8 per cent, compared 'with 18 per cent this year.

of the country,

= A. M. H. Graves, Inc.—4506| 'ing the biggest increases. in a White House, Keller style, House building was most se- $3,594,000 mb The Week in Busi | Brouse St. (represented seller.) [Spent ch exceeded all on the week. Bethlehem rose & ‘rnere was a continued feeling |That's Brother Tom. The other Fiously affected in northern and "The build e Week In business— : I Caratitl: Alllsonen during 1950, will fall be- point in a firmer steel department. "certainty over the Damo- family BMOC's are apartment ®AStern states during November, stories. "with {. Sall-Hettel Cate low the new peak next year. - Coppers ruled steady to frm.i,e gword of price controls and gwellers {Permit volume was down from lobby and air oy aritment fore er S {ville Rd., 6500 Dover Rd. {This statement was made by [Televisions closed higher. 'as soybean prices edged closer Politi cal parties’ have nothing October by almost 25 per cent, oT ar . { Norman L. Hammer — 3248 A. Naughton Lane, president of Railroad issues had gains rang-/tq the parity limit, there was|{q do with it. ws the report showed. 1.1951 veter k ath Si by, f R {i § | Graceland Ave. {the Producer's Council, a national |ing to 4 .points in Nickel Plate considerable profit taking and preference nT pre e Jigns OT Kelle | Forest B. Kellogg—360 E. $1at/organization of building products despite a dip in the Friday ses-icommission house buying, regard- This Is News? Brick Veneers Popular ments will co (Continued from Page 38) | It figured this way: Almost any-| F. M. Knight Realty~R. R. 2! “It now appears certain that more than 2 points. Goodyear increases in the bean price, WEPRE-behind You-is the. war- Teun GH on sifigles DEgrO0m, $6 100ds, hams, canned and smoked, body able to work had a job. And Box 43, (represented buyer). the limited supply of materials Soared nearly 6 points in the tire Fear Wheat Outlook statements are coming out now, aol adhe 0 furnished. hickory or tenderized, nuts and anybody with a job could afford ' kablll — 3018. 3032 containing steel, copper and alu- department. Chemicals averaged) A great amount of apprhension 2% fast as the ; mimeograph Se ve rooms is the fem—————————— jes, all De Raul igs to draw’ fiat's why lat ight diag] aan Luvksh 3046, 3080, 3054 minum will be the prime factor higher. Lions rose in big was expressed concerning winter §3dgets Sa prt vi buyers — Re ra oo home SUPERFLA Eads Lo8 tin the h a ung ae Ang Ata he J last aight | here Stuart St. Tot In the T300 Block ]limiting._construction -volume.-.in. Christmas sa = serine wheat in the. sest.and southwest, One._of the DIEgest he Ment-survey.—This-type-was—the——}———}- OIL _HEATI eat ) . N. Sdinn St | , even in the case of housing! Construction iset-a new all-time No relief is in propect and trad-|firms in typical dwelling erected by Pittsthis r customers added -a line, in the cash registers than eating N. ) yo 5: x where credit controls have been record this week because the new ers felt that this presented a dire grade here, however. Not be- burgh 1} crs the Res. $3458 8 “s=while we can. (lettuce on (the produce stands.| Harry L. Robbins Co.—Lot In put in effect,” he stated. $500 million atomic energy plant outlook despite a government esti- cause it to makel our months-of- 1049, —¥ FJ ae + Tudustry relaxed toward week-end. ne 7500 block Washington Bivd.| He said industrial, utility, farm at Paducah, Ky. was included in mate of 899,000,000 bushels or|funds avaliable for needed in- pers : Keds Steam U y Idlin on Re, arties sprouted and ® co-operation with Atkinson &/and school construction will be the awards, which totaled $692 about 150,000,000 more than last/dustrial and. commercial con- on $178. State § Batted Np Choer oro PE arier were loaded with C% the “brightest spot” in the pri- million. The year's total to date year. : struction and housing within YOUR CABINETS BUILT EE ————— Shays tad from humble hot dogs 10 caviar, - —————— Bruce -Savage Co.—Residence vate construction picture for —51 weeks—for heavy construc-| Oats and rye went along in the existing government credit regu- to suit your needs a Pm “It ne industry's time to say, some with cash and some with- in River Edge Estates, 1647 1951. ; tion is 51 per cent above a year overall advance and rye showed |lations.” Nope. i ; | alk ‘fYou’ve been a good Joe all year. We appreciate it.” Broad - Ripple Ave, and Lot 10| Along with this he predicted a ago and at a record high. the largest gain with the excep-| Investors Diversified Services|: Femestown White NO There won't be much done this|—— === |n Highwoods - Addition. Houses high level of repair and modern- Eiectricity output set a new tion of bean futures. lof Minneapolis hit the linetypes|| 4 Kitshes cab. week except in the very few war. And you can expect a lot moreig,q in co-operation with Willis|ization work. record. Gains were noted in out-| The last day for trading in because the company provided] smd mse = 1] ~ : ppessed factories. There are only Whoopee this Welk yn ula); Adams include 3743 Spring Hol-! NEE A iput “of coal, gasoline, kerosene, December futures in all grains $190 million in original building: res wants Bem 5 for days, and the nights will be People are upae ’ ACen hewn) 10% Rd. 4450 Park Ave. and a Realty Management land fuel oil. Steel production and lard saw the deadline pass/funds during 1950. That's about|} Fhess fer wtimete. JENNY 4% round of parties from Uno. Know ee of pe hi ast weak. Tesidence at Forest Blvd, and L D S slipped a tiny bit, but was near without too much activity. 131,000 new housing unitsid o 5 ppriances [3 sumed kitchens with beer to or-lA ke in er hitting th e High Drive in Williams Creek. ecture Date Set its record high. Trading in the export field was financed, an all-time for'f veos waws tna LJ F) ) nate stone Sreplaces_ overtungitel line J CE Times Special Business loans ran up $203 brisk this week and local inter, the firm. : - BUBBER FLOORS with ancestors am- y ™ N H | WASHINGTON, Dec. 23—The million to a new $3,582,000,000 ests felt that this interest woul The company, according’ to the cocktails on the coffee! ‘The timid Ease Shemseives aw Type Insulations [first 1051 lecture course on “The abyve the level of a year ago. continue into next year. A tre- company, financed approximately RA TILE AND Maia doesn't help production bY saving. Ye RO Gain Wide Favor Principles of Real Estate Manage- Gold reserves sank by $130 mil- mendously large wheat crop was two out of every 100 new|{ CTU or ABINET 00. MEA er i Win tr on Erows? ue Dex Jun Times Special ment” will be held Feb, 5-9 in the lion to $22.706,000,000, a total|predicted in Australia but this dwelling units in the nation this NEW LOCATION pe There'll ie Dienty OF 6ele-1’ Thon theyll order another TOLEDO, Dec. 23—Fiberglas|Statier Hotel, Detroit. $1,631,000,000 under a year ago. was not expected to hurt U. 8. year. That's worth printing. . brating. And some won't draw| Bosses and workers alike face. ations for concrete floor Open to anyone seeking training Te export trade perceptibly, |

The lard market was the most

spasmodic of all markets this! CROSSWORD PUZZLE ; week. Futures fluctuated wildly, CROSSWORD PUZZLE : - :

Hot-and cold and off and on|moving as much as % to % of a,

slabs are gaining wide accept-lin real estate management, the ance in basementiess homes, ac- course is jointly sponsored by the New Faucet Has cording to officials of the Flour- Michigan Chapter of the Institute Four-Way Action noy and Gibb ( Co. of Real Estate Management, an|

a sober breath from Christmas their troubles; Civilian eutbacks Bye to New Year's Day. Theyand layoffs are on the way, and ake it solid. there are few war orders to take ; is makes for absenteeism. 'up the slack.

; ; The product. formerly identified afliate organization of the Na-|can be one operation row on one|cent a pound a day. '¢ HA And Finglly Christmas shopping dragged money out of|as floor slab edge insulation: tional Association of Real Estate faucet, Pe | Higher vegetable ofl markets ACROSS Bi -Xmerican as Y hiding, stepped up the flow of cash into mer- helps cut down on fuel bills and Boards, and the Detroit Real! The new revolutionary gadget and the increase in hog receipts 1-Nething a ventor ”

chandise, It was reflected in money in circulation, {keeps floors warmer, the company Estate Board. san The Federal Reserve System reported a seven-day increase at seid. a aie '0 million, bringing the total to nearly $30 billion floating trom eating coils or perimeter heatbank fo bank, pocket to pocket. ing in the slab increased the need F. J. Shelby Elected I THE catch lines men

{is operated up and down for on were the main factors in the acjand off. “Up” position is “on.” |tivity, Wednesday and Thursday | Turn the handle to the left and lard prices the 18 cent | the water gets hotter.

years,

think mp for advertising. H. A. Ward who machine-cl venetian blinds, calls them Drapes of Lath. Not bad. FOOD PRICES chose the right week to hit the top. Last week,

410,428, {slab, firm officials said. THE CHRISTMAS TREE market folded yesterday. There

Christmas Savings . ‘Reported Higher

{for perimeter insulation. The in- F os a GENERAL MOTORS has a sulation also serves as an en To Head Forty-Niners: [and it gets colder.

new high count for stockholders, [sion joint to protect the concrete |, °F Co (EV

Fred J. Shelby, 3770 Forest as presi{dent of the Forty-Niners Tuesda {in the Washington Hotel. 3 {| Other new officers are Harold iE. Bean, first vice president; M. {E. Noblet, second vice president;

Indiana banks paid out §16.642.- A 1. Masten, secretary; L. E.

Turn right mark for the first time In two

we Er

tree 5A tive S6—Entrances §7=The sun

693 in Christmas savings to 225.- pottenger, treasurer, and G. E. 3 — 367 depositors this year, L. I.! ri % ied i $s lo 1 oh ren Ot, HT dt Be eins | GON OR " TTT to merchants than the heat it Sans Bunkers rotation, “an- ARMSTRONG'S Ahh E. 3 : : make in an alley bonfire. | This compares, Mr. Matthews | : : |i Fy : And, by the way, remember said, with 251,400 to 200.438 ASPHALT TILE e not to stuff your eld tres in depositors last year. ; g i sk Ihe fireplace this oars Thats IE & Ny around in bathrobes, fresh trom The New Mothed of | ee age nan SRE Saw. 1 DILL Implement Co. or Ld HARDWARE lc. or pl ea Ul Ararat es, 1831 STADIUM DRIVE IN. Keystone ot 524... ” 54