Indianapolis Times, Indianapolis, Marion County, 18 February 1951 — Page 41
. far west always is fairly expen-|duce and fruit is to look for what
" on WISH at 3 p. m. today.
i Real Estate
~The: Indiaftapolis Times
§
=
Real Estate ......... 43-45 Business ........... 43-44 Small House Plan ..... 45
‘Section Four
SUNDAY, FEBRUARY 18, 1051
The Week in Business— Tug-of-War for Labor Sharpens
Workers Shopping for Best Jobs; Absenteeism Grows
v
| Fair Recovery
Stocks Stage During Week
By HAROLD H. HARTLEY, Times Business Editor LABOR'S TIGHTER than a drum. And some of the
little plants are beginning to growl, “Stop stealing our men.” All sorts of charges are flying around in the hiring offices. . And absenteeism is up. It's both the weather and overtime. Workers get tired, and money-happy. qt has all made for confu-| td workers over into salary sion. Said one personnel man|prackets well above their old pay
in an air-bluing burst, ‘“We're/checks.
| “There's little labor hoarding,” Yul Bell, but, getting nothing aia one hiring boss. “But there's
(plenty of labor stealing going on.
The little machine shops dccuse| ’ vt war plants of luring men away, We (Lick that 8 a njcerjword than
promising 10 hours a day, six Turnover is on the spin.
|shoppesa are trudging Jrom Ue rying ou $1.75 an hour can jump from g70/Slock to time Sloe — a week to well over $100. So he i) ree to. six months then move hops to the fatter pay. lon, and keep mo ving. The boss of one little metal pigcipling is getting harder to shop was crying, “I lost five men maintain. ' Rules are ‘softening. and two of them went to Alli- The jdea is to keep a labor force son's. together. Workers sense it. The truth was that Allison’s aining programs are bloom-
didn’t lure them away. They 108 sveryivhere. Plams are. Jon , apprentice rolls. went of their own accord to earn ed Lair army-age material. a higher hourly rate, plus Prob-| hey stick to 4-Fs, ‘and are tryable overtime. No one can blame|ing to train older people with a man for selling his know-how good attendance records for betfor the highest figure. ter skilled jobs. There are other rumbles. In| Plants employing women are personnel groups they pass the/getting the most absénteeism. story that some plants are hiring| “But,” said an industrial relahourly workers and putting them tions man,” we aren't around to on jobs which do not require their|giving away blankets yet. That's skills, just to have them ready,/what we used to do if they and on the job when the push/showed up a full month straight comes. without being late.” Then there's another story, the] But /here’s another month when upgrading of salaried people, giv-|the gals will fail to show in large ing them little titles and bigger numbers,” he said. pay. And swinging some hourly, “That's April-—housecleaning.”
highly skilled worker making
"The British made a bid for the rich automobile market after World War 1, sold a lot of cars in the U. S. Now that there's talk of auto cutbacks, the British cars are back again. Nash last week intraduced its British-designed Nash-Healey, and here's the sporty new Austin Convertible introduced last week, complete with most American gadgets.
Catch-up? skiddy streets. Then with the first little burst of sunshine and climb of the mercury, the snow and ice turned to slush, made it ugly underfoot, splashed stockings. People stayed at home.
The stores had their Easter{; oy finery coming in. And they were | freeze.” The department buyers
getting itchy to sell it. The short- Were the first to sense this and
ireported it at supervisory meetor the time, ihe & arder the selling, o "Manufacturers were using > : 11 sorts of excuses, from 1. If—and 2 ” th EE oan There'll be an adjustment Jade and ice run down the sewers and|ts Sover the Increase o bhackod a ey alls down. But the stores stood stil, kept hands off frozen price tags. rthe streets with their topcoats thermore, most of the stores had open, there ay be Hime Tor : © [price-policing organizations set Salch-up on lost late winter ,, ts see that prices weren't tamsales. : ipered with. In answer to “How's it going?” | - “We're holding the line,” said one merchant. laughed and said, one store boss, “just obeying the “One thing we haven't had to law. We woulda, be caught dead . ” with a mark-up now.” look at—that's crowds. | But what had the merchants But all the stores had a trigger really nettled was still the eye on price decisions. They weather, and the lack of crowds. seemed to sense unpredictable de-| = Ap executive said, “I took a cisions, sat on chair edge Won- street car home. It was about the dering what Washington would second time in ten years. I had expect them to do next. {no trouble finding standing room. Added to this there was up-| “And it was only ten minutes
The news in the stores was weather, all bad. If It" wasn't zero ‘or below, then it .was ice,
pressure on prices in spite of the'after five.” .
" fia New in town, and the Ford sales executives threw a party | with handshakes all around. The new man is A. F. Bauerbach (seated at right), Ford Indianapolis sales manager. The “brass” came down frem Detroit, and his predecessor came up from Cincinnati district. Seated, from the left, are W. W. Cumming, Cincinnati, Larry Doyle, Central Regional manager, and standing O. Fred Yando, |
ex-Hoosier, and Doyle's assistant. | Grocers had their eyes on three items which Freeze-free
cereals had price elbow room. Grains could go up to parity, to please the farmers, and get them to grow more. And up will go| P in: ie a gn and produce it was The speed with which produce another story. They have no ceil-|ls handled, all under icing,’ is ings. And ordinarily supply and amazing. It never loses its chill, demand does a good job of damp- Warehouses have machines which ening price ardor. year. The reason was another kind duce is exposed to afr warmth is of freeze, a real one dished by gu the quick uy from the warehouse to the store, And then the by the weather man. .It hurt odude men figure it has enough citrus crops In Texas, chill stored up to make the trip Florida crops.
safely. And produce shipped from the °The secret to buying fresh pro-
nipped
sive. Example: a crate of head grocers call the “bloom.” It's the lettuce costs about $2.10, the same life-like, fresh vigorous color. as the freight, So when you're] “It's like people. When the]
eating California head lettuce g ——r—— you're eating half-freight, (Continted on Page 44—Col. 4)
Hear Harold H. Hartley with “The Human Side of i
of a rise in the gold price, subse-
|Emerson Ave.
were showing price strength. | They were grain cereals, fruit and produce, and meat . The}:
But not this turn out chipped ice by the ton.!: And the only time fruit or pro-|3
Industrial List Sets New 20-Year High;
Traders Cautious
By ELMER C. WALZER United Press Financial Editor
NEW YORK, Feb. 17—Caution signals flew high on the masthead of the financial district this week. Brokers, analytical services, and
market commentators suggested care in making new commitments at this time. The result was a sharp falling off in business and a small increase in selling in the first three days of the short week.
But when prices retreated a pit, new buyers stepped in and the list made a fair recovery in the Friday session. But even this rally smacked of cautious buying, and didn't have the zip that has followéd other recent declines.
Industrial shares rose on Monday and set a new 20-year high. They declined for two sessions and rallied enough to leave them slightly higher on the week. Ralls
rallied only partially.
erally was in a decline and easing slightly in the Friday session when other groups advanced.
Flurry in Gold Stocks
One of the sidelights of the] week was a flurry in gold mining stocks which responded to rumors!
quently denied in official quarters.
A wide array of special issues received attention of buyers on the belief they were behind the market. Special news items ‘sent
at wide gains, notably New York & Harlem which ran up 85 points
bid up. First National Stores responded to a favorable dividend and a stock split proposal. MecCrory Stores had similar news to aid it.
’
helped such issues as Studebaker,
others. Aircrafts led the first session of the week when Douglas and United directors proposed stock melons. Tires rose when General reported higher earnings. . There were strong spots in the chemical, communication, food, coal, building and television groups. In the latter, two companies brought out conservation
models—Philco and Radio Corp./Dess is his wife. rallied a/Rhine, who live at 3431 N. Hovey
Autémobile issues
trifle late in the week when|St. Ward's Automotive Reports esti-|Téntal management service.
mated a rise of more than 50 per cent in automobile production this| week following an end of the railroad strike. |
North Side Sales | Year's 3d Highest
Dollar Volume Hits
lost for three straight days and |
Utilities set a new high for the § year, rising when the market gen-| §
many issues sharply higher. A ' few high-priced issues appeared aro 3 ne . iy Opens Office Some of the ,mercantiles were|
Favorable dividend actions Rhine Realty Co. at 627 Lemcke!
Life in the air is taught ROTC cadets such as these in classrooms throughout the nation. Life
on the ground in a housing shortage will be another tough assignment when the officer training
program fis expanded. Cadets Charles Williams (left) and from Sgt. Howard W. Moeller at Butler University.
avid Schafer get instrument training
\ [Real Estate—
Veteran Realtor |
Starts Own Business | Harold D. Rhine has opened the
More Rough Sailing
Kennecott Copper, Miami Copper, | B/d8. Actively engaged in real the rocking, but they had seen Anaconda. Copper, Packard, Clark estate business for 15 years, Mr. Regulation “X” to cover a substantial list of nonresidential projects.
Equipment, and Master Electric.|Rhine formerly was associated | Good earnings helped many|with Jack C. Carr, Inc.
jexisting nonresidential property
when the cost of the job exceeds)
active member of the Indianapolis] Unwillingly, perhaps, local Real Estate Board, Mr. Rhine was builders Here a soul of jumps engaged in the r busi- ahead "of e regulation. ey Sp was Eps ams. had no major improvement jobs * & {planned for this year. ger of the Hildalgo County News| anticipated material shortages in Edinburg, Tex., and associated and Washington indecision sent with Indianapolis newspapers. [plans back to the office shelves. Joining him in the realty busi-| ‘But the watchdog of inflation, Mr. and Mrs./the Federal Reserve Board of | Governors, alerted the boat viii |
will include insurance andi for more to come. _Yet to appear are the amend-
« iments outlining different credit|
. [struction in defense areas. i The board did warn, however, that such areas would be “limit-| ed.” | Local. opinion last week held [fast to the belief that Indianapo- | t [lis would be one of the zones designated. |
Volume Up
DOLLAR VOLUME for con-|
$413,000 for Week
Third highest sales record in the first seven weeks of 1951 has been scored by Associated North Side Realtors. i
Dollar volume for the — ending Feb. 10 was down $415,-|%8
400 from ‘the year’s high figure,
but members of the organization|#
registered 17 sales for transactions totalling $413,000.
Put Stethoscope On Your House, |
. require periodic check-ups. Harold D: Rhine | Tile Council of America
This score trailed only the records established for the weeks of Feb, 5 and Jan 6,
dianapolis Real Estate Board by| Willis Adams, chairman of the)
oell, secretary, showed 2 farms! and six lots were included In most recent sales. Firms and the properties they sold included: The Spann Co.—1151
Spann
| his wife live at Awe., 5851 E. 16th St., and lots, 5 Shelby St.
165 and 167 in Joseph H. Clark’s addition to the Town of Haugh-
ville. IL
Walt V —8121 N. .|way Realty, Mr. alt Veon Co.—6121 N. Penn ‘White worked R. E. Walker Co.— Business lot, {WO Years on the
southeast corner of 21st St. and Marion County {Reassessment
c.—3309/P T 0 gram. Prior
sylvania St.
Gregory & Appel, In | Ruckle St. t
W. L. Bridges & Son—6034 with Allison Division of General |years off your life. |Motors here, and with General] {Motors Corp. in Detroit.
(Continued on Page 45—0ol. 4)
These Three Hom
“N
realtor, of Bruce Savage Co., han } Eri :
‘Don White Joins Reports submitted to the - Speedway Realty
lestate broker. He also will man-|items listed by the council. lage the casualty |
ment.
4350 N. Pennsylvania St.
Mr, and Mrs. Gilbert A. Hendren have bought this house from Mr. and Mrs. James A. Ross. Mr. Hendren is president of Hendren Printing Co., Inc. Mr. Ross is an attorney. William E. Mick,
this point home in recommenda-| tions to home owners yesterday. It is designed to prolong the life of the householder’s investment in the face of government re-
Don E. White, 47, has joined g¢rictions. 14 North Side group, Alfred Camp-|gpeedway Realty Co. as « real
Here are the major checkup,
ONE:- Inspect for sturdiness of |framework and foundation of] {homes more than 25 years old prevents sagging floors. |
nsurance departMr. White and
imaterial foundation and frames) ~ |—fights dry rot, termites, shrinkling and swelling. : THREE: Insulate walls, roof] land windows and keep heating lequipment in efficient working {order. . k- Pon't stall on needed repairs, |the council warned. That's like {cheating on the “doc.” It lops
Before workng with Speed- i JH
Mr. White o that he worked
And the same is true for your | house. |
TT ————————— on
and Mrs. Chapin. They bought dled the transaction,
“
Home Building Wave of New Regulations
Industry Here Saw It Coming,
THE GOOD SHIP “Home Building” rode without upsetting over {the most recent wave of regulations and credit amendments. Passengers in the overloaded craft were a little seasick from
It also covered major additions, improvements and repairs to
Prior to becoming a realtor and 15 per cent of the appraised value, [Record reports.
sistant to G. William Mohr, executive vice president, Marion County {Residential Builders Association,
[struction contracts hit $256 mil-|Inc.
graduated with high honors from Indiana University and Michigan
{of directors
And Save Money |Chamber of Commerce, student __|organization
"HOUSES are a lot like people. | Business where she was awarded
| For a long and healthy life they | 8 a er So ens Segre.
drove Was Beta Gamma Sigma, na{tional business honorary.
TWO: Treat with preservation |}
5415 Indianola Ave. This ig the new home of William R, Chapin Jr., auto salesman,
George Kefr, typewritér firm employee, and Mrs. Ker, through Gil Carter Co., represented ny Paul Partlow, broker, *
Rides Over
Ahead
it coming. It was the spread of
lion last week, Engineering News
This covered private housing, industrial buildings and hydroelectric work, with-- industrial
Automobiles .......... 56
Building Freeze Thawed College Dormitories
Schools With Military
Compcnents Affected
Several Indiana Institutions Could Qualify
For Loans Under Government Program By DAVID WATSON
There is a thaw in the construction freeze. It started in Washington and produced only a trickle of relief for builders, but it shows indications of growing. Relaxed was the total freeze on $300 million earmarked for construction of college dormitories and faculty quarters. Federal authorities freed $40 million of the appropriation for a starter.
loans to institutions training men for armed service. Three of the four state-operated schools in Indiana have ROTC military components. Butler Uni-| versity has a complement of 383 air cadets, exclusive of an organized reserve unit. The revived college housing program will be directed by the Community Facilities Service of] the Housing and Home Finance Agency. The program was suspended last July with the start of Far Eastern hostilities. There are nearly 3000 college men in uniform on Hoosier campuses, and Uncle Sam may soon ask institutions throughout the nation to increase military instruction quotas.
Need More Officers
The service academies cannot produce officers as fast as the
Requirements limit building) |
preparedness program demands.|
This breeds the problem of housing. Many units used in the last war are now sheltering civilian students. " . : Under the loan program the
permanent dormitories if they qualify under the act and meet
be shown. million “will not go far” in the
thé allocation to grow as applications are filed and approved. Indiana and Purdue universities have the largest military units in the state, but only IU has thus far indicated interest in taking part in the Joan program.
schools would be allowed to buifld| defense related criteria. Definite need for the assistance must also : Authorities point out the $40 construction business, but expect|’ =
Edsel Realty
Adds to Staff
January Sales Show Sharp Gain
Mr. Murphy Mr. Marker Three new members have joined the staff of Edsel Realty Co., 1136 E. Troy Ave, Firm officials who made the
} announcement yesterday also de- | clared January sales for 1951 were up 50 per cent over the same period for | ¢ 1950. This ini cludedgross | sales and deals | closed. ! New staffers are Dewey Mur- | phy, 2117 Barth Ave; Donald Paidrick, 1026 Willow Dr. and John M. Marker, 3646 N. Euclid Ave.
}
Mr. Paildrick
Butler has long planned for two
classifications accounting for al-gecjared eligible.
most 64 per cent of the total.
The week’s volume was 113 per
nt higher than the same périod a year ago, but is down 22.5 per
Carol Nicklas Named to Post |
Becomes Assistant In Builders’ Group
Miss Carol Nicklas is new as-
Miss Nicklas, who is 20, was!
in the Collegiate
{ |
|
Carol Nicklas
es Changed Owners In Real Estate
wr
the three-bedroom house from
wv
“
men at Rose Polytechnic Insti-| in the School oftute. Officials there also doubted! participation in the federal pro-| gram, have been made to build dormi-
Britain's Imports Surpass Exports
|
{construction costs. Nearing completion, however, apartment building. Repeat of War II? During World War II the university operated an extensive
emergency.
|
{
{lon County Residential Builders Association, Prospect military training program, and, " with Purdue, may be called on| 1ge and York Rite. for a repeat performance in this! : Pea. pe ® Prospect Lodge 714, F&AM, and
Mr. Murphy, a native of Law-
'dormitories and may take part if/rence, has lived at thie Barth Ave,
address since 1924. During the
Indiana University was forced/war he was in charge of the paint curtail its dormitory building/shop at Ft. Harrison, He is 52, under pressure of }
is a former paint contractor,
Mr. Paidrick is a lifelong resiis a student/dent of Indianapolis, and
has spent many years in the building and contracting business. He is married, and is a member of Mar-
Masonic Mr. Marker is a member of
Greatest need is for ‘married Prentise Presbyterian Church. student quarters to replace trail-|- A lifelong resident of Indian-
ers and temporary housing at)
[U. Officials said the institution would probably be interested in
apolis, he has sold agricultural supplies in Southern Indiana for the past several years. He is
the program if qualified. - Thre married and has two children.
are about 1000 ROTC cadets in| training there. { Purdue administrators doubted they would apply immediately. Additional personnel could be ab-| sorbed. There are currently 1321 Army ROTC men in. training
Army records list 144 ROTC|
but said general plans
(Continued on Page 44-—Col. 5)
[ | |
LONDON, Feb. 17 (UP) —|
"| Britain's imports surpassed ex-|
ports by £75,400,000 ($211,120,
trade announced today.
Lilly Official To Be Speaker
* R. QC, “Gery, methods and
standards department manager City High School. {there in addition to 335 hing aa Ell Lilly & Co., will gm ;
At IU she served on the board|cadets, {the meeting of the Indianapolis
Chapter of National Association of Cost Account ants Wednesday in Marott Hotel. Mr. Gery will discuss “Work Management for Office Incentives.” ‘A past nae tional director and past presi. dent of the In-
R. C. Gery 1000) in January, the board of|gjanapolis Chapter, Society for .
the Advancement of Management,
Provisional figures valued ex- mr Gery is instructor of indus. ports at £214,400.000 ($600,320,- tra] engineering at Purdue Uni000) against £298,400,000 ($835,- versity extension division. and
{
520,000) fof imports. Re-exports teaches a summer management | amounted to £8,600,000 ($24,080,- course at the University of Towa.
000).
AID TO FARM YOUTH PITTSBURGH, Feb. 17 (UP)—
Mr. Gery also belongs to the
{Industrial Management Society of Chicago and American Society '
An illustrated booklet has been Of Mechanical Engineers.
prepared by the Westinghouse
Electric Corporation's
school department
He joined the Lilly standards in 1930, and since
service department that will en-'1941 has been manager of the able farm youth to build some methods department.
two dozen pieces of electrical farm equipment scrap materials.
oT NE
largely from 7:30 p. 'm, | Wednesday. °
Deals Here
A dinner will precede the '
technical session
4649 N. Capitol Ave.
American Estates Co. Inc, sold this home for Mr. and Mrs. Emil C. Iverson, who moved to Chicago. Buyers were Mr. and Mrs, Charles H. Siebe. Mr. Siebe cameffrom Rockford, Ill, to
. Colonial Baking Co. C.J. Corbin,
h
in |! tor, represented the reais os ; i
- . . Foe
or
i y
Ww