Indianapolis Times, Indianapolis, Marion County, 18 February 1951 — Page 42

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PAGE 44

Outlook in. the Nation—

1950 Is Rosy In Retrospect

Summaries Show Nef Profits '

' At Unprecedented Heights

Byd. A. L

IVINGSTON

Nineteen-fifty will be quite a year to look back on. It marked the industrial recovery from the 1949 recession, the Russian attack by proxy on South Korea, and the change in|

U. S. armament policy fro expansion.

For those three reasons it was a bumper year for U. 8, corporations and their share-|

holders. And it may prove to be a year they'll cherish for a long time to come. Of this'yolu can be sure: Higher

taxes and price controls will make|

this year different and less profitable all around.

m one of penny-pinching to

: [ Of 155 industrial companies | in my early-bird tabulation, | 127 reported increases in net earnings, only 28 decreases. That's a ratio of better than four to one. The average per- | centage gain over 1049 was 32 per cent, Only food and brewing com-

i }

Real Estate—

Sailing Is Rough For Building Ship

Rides Over Wave

| Of Restrictions (Continued from Page 43)

| | |

date this year,

Back at Office

THE INDIANAPOLIS TIMES

[The Week in Business—

Becoming Mo

Tug-Of-War Over Labor

re Intense

Workers Shop Around for Best Jobs; Small Plants Complain of ‘Stolen’ Help

(Continued from’ Page 43) {bloom isn't there,” said a pro-

'duce man, “and its color is bad,| And the stores couldn’t stand | cent from the average week to ang it's a little droopy, chances the strain. They were screaming spection this week-end.

are it’s sick from over-age.”

Meats were getting a tongue | [workout from the grocers. The over. When summer comes, people | Thomas ¥. Carson, realtor, Te- 0 operators charged packers eat out of their gardens. And outlets

before the freeze to a small store {buying only one loin a wek.

at the packers. The produce season is about

Woods Electric | Holds Open House

Bungalow Wired for Easy Living

Comfort, safety and allowance

for future electrical needs were | incorporated in wiring this home at 5618 E. Michigan St. by Woods | Electric. This bungalow opened for inOpen {house will continue until 9 p. m. | tonight. Ample wall receptacles, ceiling and clickless “Silent

turned to his office following dis-y 4p, glinning them the same price store losses are high. It's the Mercury” switches are used for a carload as they charged|heat.

migsal from St. Vincent's Hospital where he went for a checkup.|

Cleanup

The downtown committee of the Real Estate Board has come through with a timely proposal It has been a long, hard winter, was the observation. This probably means greater dirt and trash accumulation, Thus the recommendation—get out your “war|

Not only did 1950 profits before panies, as groups, recorded de- paint” early this year. An extra!

taxes rise to an unprecedented

|elines in net income. In foo

high, so also did profits after|the drop was 3 per cent in brew-

greatly increased taxes. The improvement in earning power was steneral.

Rails in Strong Co

ing, 25 per cent. But the sample in the latter case—only three | companies—may be faulty.

Utilities registered mebac

an increase of 19|

' cleanup push *will be needed,

It's Your Job

in | IT'S EVERYONE'S job to ga|

after what he wants instead of |

looking to the government for it, | That was the word from R. W.!

per cent. And railroads, which were hard hit during 1949, made 2 Osler who spoke on “The Flight |

strong comeback with a gain of 81 The durable goods industries

companies were up 80 per cent over 1949; nonferrous metals ’ . { a sur and parts comp p p {Indianapolis at its last luncheon/grade fuels. So what next, a +extend commitments over a 40-

62 per cent; coal, which always thrives when industrial activity ig high and John L. Lewis doesn’t call a major strike, 58 per cent; construction and building materials, 53 per cent. The textile and apparel industry made a smart recovery,

with a gain of 49 per cent. Paper)

and pulp companies reported increases in net of 64 per cent. Here it was a case of high demand and higher prices. By and large, American industry was able to pass along increased costs of labor and raw materials and higher taxes to customers. But a few companies were squeezed, Despite higher sales, National Biscuit, Ward Baking, Texas Gulf Producing, Kroger Co., and Reynolds Tobacco reported decreases in net.

percentage increase in earnings in 1950 over 1949 and the numher of companies, in each industrial group, which reported increases and decreases: :

Shortages Will Be

tegic materials will really be felt in 1951. This will create ticklish administrative problems for the National Production Authority and Defense Mobilizer Charles E. Wilson. . For example, many companies will get hardly enough metal to

keep going if it is distributed proportionately. So a question may arise: Should metal be allotted to a few companies so that they can

make ends meet or should it be]

distributed to all so that few if any prosper? Price controls, toe, will influence earning power. Already larger companies which complied with the original “voluntary freeze” asked by Price Stabilizer Michael V. DiSalle are being pinched. They've held to prices prevailing during December while smaller cgmpetitors often increased The action of Alexander Smith In stopping shipments of carpeting is an instance of a company badly squeezed between rising raw materials costs and fixed prices. What it all comes down to is this:

Whereas 1950 was a year of in-|

creased earning power, widely spread, 1951 will be a year of great disparities in earnings. Companies engaged in defense

105Ruc:1

Ir pres dn nasal

. $34.95 SUPERFAN GIVEN with Bag 00 selling for $50.95.

1. SIENER LUMBER (0.

317 8. State St. AT-1428

NU-WA HOME SUPPLY CO.

The One-Stop Bathroom and

{high tariff on Swiss watch im-|

per cent. showed big increases. Automobiles

Per Cent Gain Inc.

35 ®N

Group Dee.

Alr Transport utos & Parts Brewing .e Const. & Bldg. Mat, Cement i vans Chemical .. ..... ess 38 Coal .

-—2D 5% 5

CEBNQ iii SATIS = wT

WH ®

Druk, Cob. «ceerreerinn. Elec. Ea. ..

—

NARI DANB Ra

255 0

Total Industrials Ditties Chas nanan aflrondse *Ass'n of American Rallroads tabunion, | Corporations start 1851 a good | deal worse off than in 1950. The normal corporation tax in 1950 worked out to 42 per cent. The rate Is now 47 per cent. And] President Truman and Secretary!

lof the Treasuray Snyder have|

[to 55 per cent,

| Furthermore, the 30 per cent ex-! cess profits tax, which applied] lonly to the second half of 1950, ! covers the full year.1951,

F It Shortages of steel, copper, e aluminum, and other stra-

work will fare well as to terials. x For corporations as a whole, largely because of taxes and con/trols,- net income will be down. And so, perhaps, will dividends, which have been in an uptrend ever since 1942,

Assails Tariff. Plan

On Swiss Watches NEW YORK, Feb. 17 (UP)— A spokesman for the Swiss watch industry charged today that a

ma-

ports, as demanded by two domestic manufacturers, actually “would be injurious to the American consumer and jeweler.” Paul A. Tschudin, U. 8. representative for theawatchmakers of {Bwitzerland, criticized the petition filed by Elgin and Hamilton Watch Companies with the U. 8. Tariff Commission this week as “contrary to the best interests of both America and Switzerland, two important trade partners.”

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From Individual Responsibilities” | before the Construction League of!

meeting. f Accepting increasing security from the government means less

‘individual freedom, the speaker

said. In handling its international

{business the U, 8. has forgotten

about the democratic he said. { The league will hold a social] supper meeting Thursday and a noon business meeting Mar. 8,

St. Louis Plans

Don Hanson and Richard Oberreich plan to attend a conference on defense effort and housing In| St. Louis Mar. 19-20. Invitations have been sent to housing and redevelopment authorities by the mayor of St. Louis,

Mr. Hanson is executive direc-

task of preserving the

tor of the Indianapolis Housing| Authority and Mr, Oberreich is The following table shows the asked Congress to boost the rate executive secretary of the Indian-

apolis sion.

Redevelopment Commis-

|sales manager for the Shell Oil

Straws snappy signals, and zipped along. I asked one young traffic offi “Swell.” But a taxi driver said, “The green. One signaled me to a left, turn but forgot to stop the ou} coming traffic. Me and my pas-| senger almost got creamed.”- | ” =" s !

HOWARD SWANSON, general

Co., told me “oll is a funny busi-

When the GI Military Police took over the flow of traffic at mid-week, motorists looked twice, got

cer how they were doing. He said, first day, the boys were a little

ROTC May Qu Schools for L

(Continued. from P tory facilities under tract, The federal act was passed to

ns e 43) vate con-

“We used to sell the kerosene, c+ colleges stymied by high

and had a hard time getting rid), o4in0 costs, Some found they

of the gasoline. versed.

Now it 1s *"jeould not amortize 20-year-loan

commitments while charging stu-

“But some of the new Cari nis prices they could afford,

motors and the jet engines are beginning to pull on the lower

plus of gas again?” " n » ‘GUYS AND DOLLS’ is taking the outlanders who just have to see the footlight copy of Runyan for $35 per ticket. Not for me. I'll wait till they make a film and

way of life at home, show it at the second-run houses.

Buick has the go-ahead to make. the powerful Britishdesigned J65 Sapphire jets. The nod came with Uncle S8am’s check for $25 million. The roof on the Western Electric plant is a constant source o wonder, I'm told it has a coating of foamglass two inches thick, made by Pittsburgh Plate Glass 0. ;

men got cash and solid gold rings instead. Sensible. { Greyhound paid 25 cents eon common, and should pay a lot more if people begin to save their cars and use public travel. Busses do well in picking up short-haul

Sunning in South

A number of realtors and their wives are vacationing in the Southland. Mr. and Mrs. R. W. {Lookabill have gone to Pass-A-Grille, Fla., for a month. In

Woods.

Dan W. LeGore has gone to|

Mexico City for six weeks. He visited in Houston with Harry L Mott, former Indianapolis realtor. The D. J. Zimmermans arc in Tampa for several weeks. Mr, and Mrs.. William Jennings have returned from Pompano. Carl Seytter writer from Miami he called on the M. C. Mackeys in Hollywood.

Civic Leaders

Dan W. LeGore, realtor, has been elected a director of the Boys’ Club of Indianapolis. Re-| elected a director was another realtor, Otto J. Feucht.

JSS Ta STANDARD

Tractor

travel, that's where most autos lare used. | There's a new one coming up. {It’s the Joy Scouts. $ Z And rubber - mouthed Joe E. {Brown -is chairman. There are

{no dues, and no initiation. All

land smile, ; And that could look pretty silly, if you've nothing to smile about.

HIKE NEWSPRINT OUTPUT MONTREAL, Feb. 17 (UP)— Canada boosted its newsprint production by 8.6 per cent last month over January, 1950, while American mills boosted their output by 22.2 per cent, the Newsprint Association of Canada reported today.

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Timken Silent Automatic Wall-Flame Oil Burner actuall uses up to 25% less fuel than other oil burners in doi the same heating work: A Wall-Flame Burner and a burner are operated side by side in identical boilers, sdentical conditions. You see the difference in the fuel

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36 College Ave.

SHUTTLEWORTH-THIELE

CO., Inc.

HL. 1472

’ 40-Year Period The government fund would

{year period, at a cost to the in-

stitution of about one-fourth of 1 tor, and Norge provided electrical!

per cent interest in excess of the cost to the government of acquiring the money.

der the reactivated program,

of the requirements.

| Although criteria for loan eli-

|gibility have not been issued unEthiijty have ob. licensed by the National Ade-|

{throughout the house. Living room drapes running the full length of one wall have {fluorescent valance lighting to [provide light day and night. | Heat is electrically controlled. An exhaust fan in the kitchen \banishes cooking odors and dou/bles as a cooling device. | Underground service wiring for lelectrical and telephone equipiment eliminates tumbles over |wiring. It's recommended by the! {Indianapolis Power & Light Co. land the Indiana Bell Telephone Co. Couple Moves In

Mr. and Mrs. William Woods have moved into the four-room, moderately priced house with basement. Mr. Woods is a partiner with his father in Woods Electric, | Roy A. Miller was the contrac-

appliances. The house is one of approximately 100 built in the city last year to have wiring certified by the Indianapolis Electric League,

servers expect schools to be asked 1Uate Wiring Bureau. to train a military quota as part!

[Pioneer Telephone

The buildings, however, would vhs . Bionic Rovian: Bo ite industrialist Dies

f school, free of government supervision, after final contract inspec- —John H,

tion of completed work.

And there is a still brighter ; iside to the picture for private : Packard cancelled a mid-winter contractors who will handle the Phone industrialists, died here! sales jamboree, The star sales- construction. Officials expect some | yesterday after a four-weeks'!

BUFFALO, N. Y., Feb. 17 (UP) | Wright, 83, of Jamestown, one of the nation’s outstanding pioneer independent tele-

priority system to be applied to ijness.

materials going into the build-| | ings.

1249 New Homes Daily LOS ANGELES—Local builders {in 1949 completed 207 new homes {every day in Los Angeles County.

{But the record was smashed last

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to suit your needs

Jamestown White Steel Kitchen cabinets built and installed exactly a8 you want them. Phone for estimate.

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SUNDAY, FEB. 18, 1951

Wired for complete livability by Woods Electric, this home at 5618 E. Michigan St. opens for inspection.

Says 15 Cents of Each Fuel Dollar Is Wasted

’ The average householder lets| That's the estimate of Dr, ag | Waldo Kliever, research director 15 cents out of every fuel dollar , “0 Minneapolis-Honeywell fly out the window. | Regulator Co.

i | |

| | {

| { |

WHILE

Jelly

ROEBUCK AND CO

~~ )

| Mr. Wright was president of] the Jamestown Telephone Corp.,| and headed telephone concerns in| the Pennsylvania towns of Mead-! ville, Butler and Ridgeway. He had been associated with the! telephone industry for 50 years.|

‘Reg. 100 for $16.95

4-A Quality Chicks

{year when 249 new homes per day were erected during 1950, ac- | : Builders’ |

| Biloxi, Miss, are the Ford V.\you have to do is stand around)

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In today’s high poultry and egg market make more profit with these high eggs and meat-producing chicks and have delicious, plump, tender chickens for yourself! FarmMaster 4-A grade chickens have extra.production ability through selective breeding. Produced by experienced, reliable hatcheries, you can be sure of the care and handling they receive while in the hatchery. New Hampshires, White Rocks and Barred Rocks. Sears value low price! Open Every Weekday Morning at 8 O'Clock

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