Indianapolis Times, Indianapolis, Marion County, 22 April 1951 — Page 44

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PAGE 44

Outlook in the Nation—

Business Prop Keyed to Arms |

Unless Defense Speeds Up Soon We Face a Possible Recession

By J. A. LIVINGSTON WASHINGTON, Apr. 21-—The prop, the assumption, which underlies all business forecasts is ever-higher and ever-upward defense spending. By the end of 1951, the reasoning runs, military takings of steel,” copper, aluminum and other strategic materials will force cutbacks in production of civilian! goods — automobiles, televi-'

er ———————————————————— |

rapidly rising defense production

steel, copper and other scarce

Beware of Glint in Eyes Of Would-Be Decorators

Amateurish Work Doesn't Pay;

Get Expert, Contractors Advise By OPAL CROCKETT

“ANYONE can paint.” Don’t you believe it.

And the Painting and Decorating Contractors of America back me up after a nation-wide survey. They warn the amateur home handyman to be wary when he gets that decorating glint

in his eye. The warning is timely, too, with paint and labor shortages, prices soaring and taxes high. “Why don't you paint your cabinets yourself? Painting is fun. Anyone can paint.” I believed those words from an old friend.

THE INDIANAPOLIS TIMES

Home Show Set [Real Estate Boom Shared

Downtown Property

Depression Effects Persisted Through World War Il, But Now Have. Vanished

[Tllinois 8t., Mr. Lewis said. All major cities “have such zones. But eventual improvement plans are not limited to existing reali

For Rush Today

Crowds Turn Out

On First Sunday Continued From Page 43 {their own warehouses, and are

Continued From Page 43 [therefore usually in need of! |with its fine paneled cabinets in/ground floor space only when they {the living area; Ralph R. Reeder seek to open branch stores. This, | & Sons, regular roofers of the too, makes more difficult the rent-| {model house; Wilbur L. Smitha, ing of three'and four-story fringe

{estate here.

<

Building Limited

SUNDAY, APR. 22, 1051

Ponders Plight 0f Evergreens

Rains Fail to Aid Show Exhibits

The spring rains haven't done thing for Thomas Furgeson's

evergreens.

He's worried. He is trying to

“Were it not for the exorbitant-| gone out how to make theni last

painting contractor; Central Sup- area units and helps. maintain|/ly inflated cost of bullding.” Mr. 14" gaye for his model house te (ply Co.; Midland Building Indus- vacancies in the face of a demand Lewis said, “millions would be , displayed at the Home Show.

|tries, kitchen cabinets, etc.; Merle for space. | Hazel, outside stone veneer. |

Pittsburgh Plate Glass Co.; shopping centers and branch store

|

in the garden; Hotpoint, all-elec- not resulted in a ‘“decentraliza- vestment construction, he added. tric kitchen and laundry; George tion” move on the part of busi- Most commercial huflding in re-|

|going Construction of community now.” Inflation and international un-

Hoosier Fence Co., novel log fence buildings to get proper space has rest has especially curtailed In-| ponsored by the Indianapolis

Real Estate Board. A draftsmen at Indiana Bell Telephone Co., he

into construction right|

Home {Building Contest, adult. division,

Mr. Furgeson is an entry in the Show Miniature Home

Shellac Aids in Cleaning

Sm

sion sets, laundry and dish- 70s , » & Roesin er, kitchen plumbing. ness, nor has it undermined down- cent years has been done by lon et . : proves 1g be wrong: ni I bought cans and cans of R ng g 1 P Pp d ne. . town real estate values Mr. owners for their own use or high- lives at 315 8S. LaClede St. washing machines, ete. Then everything which govern- int. It was later the same J. B. Glanton Pump and Soften 1 ’ |" Mr. Furgeson's house, in modment, which business, and which P2N'. ® “nN Arr! er Co., water softener; H. C. Gam- Lewis said. |ly selective tenants. : re ih . Shortages will recur. Scare- consumers have done in anticipa- friend told me. “Now don't ‘ mon Co. Inc, radiant heating; Actually,” he declared, “the re-| The Downtown Committee, for ernistic design, is built at five buying will be resumed. There- tion of that assumption will have Make the mistake 1 dia with zy Chevrolet car in the garage. verse is true. Shopping centers are nine years a key group in civic levels. It boasts a lake in the back fore, any intermediate setback in to be unwound—and quickly. paint job. Indiana Bell Telephone Co.; Necessary to living in 1951. {leadership, has found its surveys —of plaster Paris. usi little spri Instead of inflation, we might Wd Blakley Granite Co., suppliers of Major concerns, through their and studies throwing a favorable! Last year Mr. Furgeson won business . now. ® SpriNR nd we have a recession on vel 1 WASN'T content with the tile: E. W. Clark, brick work; branches, have been able to serve light on the Indianapolis business first place in the student division ; slump—doesn’'t count for much. hands, accompanied bY unemploy-, dull old mistakes of others. I H. & H. Cabinet Top Co.: General More people, and the greater busi- sections. of the same contest. He was a But what if those cutbacks do ment, lower prices, inventory Made some heretofore un- Electric Co. remote control wir-|Ness volume has been a benefit to| Scales most often used for com- senior at Technical High School. not come? What if defense spend- losses, underwater bank .loans.| recorded. ng. . . |the downtown area,” Mr. Lewis parison are the developments in GE Re ing develops more slowly than ex- and a less-than-optimistic stock Paint was my chit-chat for Carter-Lee Lumber Co., bath Stated. Chicago, Fritishiirgs Louse uv Professor to Speak pected. What if the assumption of market. weeks. cabinet work. McCormick, South-/| Change Is Continuous (Kansas City and Minneapolis-St. an 5 { “It's In Vv brush” I was port, Pritchard ‘and Anderson | Paul. The Hoosier capital is Prof Edward E. Edwards of InCo nter-Assum tion Admittedly, such a counter- It's mn, your ’ Nmber companies; Bloomington Importance of those branches found holding its own, and in diana University will discuss “The I~ uv p i assumption is a long shot into advised. . ; Limestone Co. stone: Spickelmier is increasing with the population some instances taking the lead. |Effect of Mobilization on Real Es- " ts fitule, 0 Self ds Dasol on assuentions! TE pe 1 iu he am Co dry wall "construction: Over- Browth caused by industrial devel-| Mr. Lewis, who has been chair- tate Values in the Years Ahead” \ ONE: That a direct, all-out conflict with Soviet Russia does not everything but the back stroke, . ea Ys onstrucli DY amet and activation of military AT of the committee since its at the Apr. 30 meeting of the Soe occur this year. : crawl included. oe ——— EL ors wiring ! * organization, summarized local ciety of Residential Appraisers in 8 TWO: That the rulers of the Kremlin make no new move to “It's in your base coat,” | . . ers, wiring Installations. The shopping center conditions this way: Martinique Lounge, 946 N. Meri- / increase tensions in the United ————————————————. snrenne said. : .'s branches, in effect, bring the peo-| Downtown situation — healthy; dian St. A dinner meeting will be States and provoke another up- distributor inventories by offering I talked to friends—to clerks, Advertising Club ple downtown. {outlook -- good. held at 6:30 p. m. surge in mobilization or in hoard- dealers a bonus of a $90 -etail' superior over how little I knew. I Mr. Lewis described downtown i ing. by businessmen and con- wv To Hear c. F. To areas in major cities as being in radio-phonograph with every pur- All said I could do it. So I t P| ed day is Ladies’ Day in the 2 state of constant change. They MAKES i § Ss. ’ ‘ 3 | 5 ’ p s : § . ) In short, it assumes that the Chase of a TV console retailing ignored memories of tie goin [ojec ann ae RY a Jade ; move with the purchasing power, B | LT WELL Korean conflict will be contained at $365.95 or more. Yad | drew in grade 3¢ po IC. F. Toll, general manager of he said. and possibly ended. The Hecht Co., Washington de- €lass the picture my a yi Morkon 0 Evect . , national adver “It is an axiom in real estate MI LL YOUR HOUSE Mild recessionary signs have partment store, has advertised framed Wpsidedow A, ah tising and pub- that highest retail developments previously been noted ‘in this col- the “greatest storewide sale” in ON€ knowing the difference. | 56 Double Houses licity for the Will follow the higher class resiumn. New ones come to atten- its 55-year _ history, saying “ 8 8 | Housing {or at least 112 tami] Sherwin - Wil- dential movements” the chair- Unexcelled Through A HOME tion daily. Admiral Corp. is try- “Frankly, we're bulging at the I PICTURED myself as the Sing ! a 2 liams Co. will Man stated. 30 Yeors of ing to liquidate heavy factory and seams.” pretty young thing in crisp lies in Arlington Village is the hake this point He added, however, this does 1 : Fill in Here's the Hecht story: “We were apron standing on a ladder in 1951 goal of Markun Sub-divi- Whe he speaks Dot detract from values in the | Manufacturing Experience MILLWORK OF DISTINCTION Bought Too Muc told by hundreds of manufactur- paint ads. I knew my cabinets sions, Inc. at the noon te iii vig please) efs, in good faith, that many commodities would be no longer avail-| would look smooth and lovely, | A project of 56 double houses meeting of the wr Ioan values are still ment, : able . . . due to the defense program. . . . So we bought too much. like hers. within easy reach of Western Indianapolis Ad- keved principally to the soctioh ) .2. And, in relation to our stocks, we sold too little.” Paint would fill up those Electric, Chrysler and Ft. Harri- vertising Club Roo os oh ay "™ Building You can see other signals. The rubber, tin and wool markets cracks. I told myself, splashing son will be constructed by the THOR: tora THis. ‘Zone. covers. three city ) i i I ROSS — - y irm between 13th St. and 15th e veteran A * have taken bad spills. Obviously, : . ross - it on, generously. . ¢f : A _ blocks and extends from Penn- MILL WORK MA. 5455 TY Addition: demand is not insatiable. projects planned by business may I'd get used to that pain in St. on Arlington Ave. C.F. Ton Mvertising ex, NOcKE and extencs irom ent UMBER : be choked off. ~— , f eaching to unac- The spacious two and three- ecutive, who bas i The Port Furthermore, the government. 1. addition. ultimate consum- MY arm from reaching sp 5 1 " been with the paint firm for more Washington St. and then swings White River Parkway Between Kentucky and Oliver ha ced that its stockpil- : customed heights. bedroom rental units also will be ; Bo " northward for the first block in . 3s announ Pii*'ers are no longer so anxious to : near a shooping. entertainment Dan 30 years, will discuss the, LLLIUL Hil DS on a. ———— — . TOTAL ing program in many items, .no- pv according to a recently made Those paint spots would wash and Desi ar at Arlington importance of the homemaker in ———————————— — - —— : tably rubber, is well along. And pegeral Reserve Board survey. right out of my jeans and o and business center at Arlington ans for a consumer sales cam- \ Nowe... stll further, all our preparations rhe housing market shows that. my best dishes. t patie I anspariation WiLbe are paign. \ against inflation have proceeded New building starts are lower Why worry about these mat [o0oHC FANS The session will be held at In- Address apace. : than a year ago. The automobile ted splotches in the coiffure? wi di Away All dianapolis Athletic Club. > y “The Federal Reserve Board and market is weak too. Kaiser-Fra. needed a haircut anyway. thro rE ae ay erent mm City +... tHe Treasury reached an accord zer, for instance, has halved pro- a 8 By eae n re rambling Bankers Told of Plan 7 58 government debi poricy—-toduection. : , 1 REACHED for the thinner gu 10. Each house will be placed : ot stop inflationary pumping out of Regulation X and Regulation W jii0r2¢1re stacked high on an on wide, landscaped lot To Control Inflation Gre bank credit. Government and are having an effect. Perhaps ,.arturned paint can. Gener- & ' : * | MINNE LIS. A 21 (UP) other bonds have declined in price, consumers will go on another buy-| ,,.q}yv. I used it. Directions said Some Rentals for Gls | ¥: 2 : APO] SJ I, i ( p Re ular $25 TELEVISION TABLE making it harder and more ex- ing apres later. Perhaps higher nothing about thinner changing | Louis Markun, official of the — am ng oa Jaf at on wl 4 CHIN pensive for corporations to raise wages will spur demand. But my tne color. Half my paint job firm developing the project, said Wrec a ng : 2 Son = . ; Hvely ig new capital, hunch is it will take more than. w.s one shade—half another. [some of the units will be yénted | SUrUZBlIng 8 preserve no a - ° 3 Ng And the Reserve Board has that: Perhaps another wave of why don't they tell us those to Ft. Harrison personnel through se k ort 's e a Orme ew it $ e urchase 0 a began (3 launched a voluntary program to fear—of scarcity, of inflation, or things? Oh well—that second co-operation with base officials. Bork ay va en eh a. 5 . , . reports a cdrb bank credit. Many expansion both, = 2s oat i — Mr. Markun- said the housing PT ay ou a progr : ss The 4 : y s. Then how will be ofered on a rental basis. : IN A . Thus, the business out- _ Dry in two hours T In a speech prepared for deliv- WT : quent ret An Unpleasant Surprise look, it seems to me. did my hand print happen to Because of the et iupy to “the 1951 conference of oY l became | depends entirely on how fast rearmament moves along. If war Show? - with y eX Y PT" Ninth District Bankers of the Fed- 3 N the mark i - Visitors were helpful — wi {duction and military workers. . Ch \ an end. pfoduction continues to lag as it has, it may well be that manu dvice, Not one wielded a brush, {They are unable to pureitase bad- eral Reserve Bank of Minneap- ; : end. facturers of automobiles, television sets, refrigerators, and other 2 ng + I Sod iu the heat liy i eel oF phi olis here, Mr. Bell, now chairman n the sych items will be pleasantly—or should I say unpleasantly—sur- NO ohe Plugg 0 ot the Jad-. Th FY 5 : 4 of the executive committee of the fe were the prised with more steel than they — i — ——' ing pad when I fell o e 1e projec as been indorsed McGraw-Hill Week. said that the . fered sh expect this fall soar. In which case the avail- der. : by Federal Housing Administra- = 0 = ed inflation is in J grains c y ability of civilian steel could he . wy tion, which will insure the mort- Ts ’ ; narrow 1 “They may not have to cut back J : prospect is that “nobody really cl 3 higher than so far has seemed WHEN I LOOK at a painter Sage. . . Compa igvoluntarily because of short . h : wants to stop it. p materials. “They may cut back likely. and think of my cabinets I'm Kk Ric ard Portman, Rationally i ———————————— \ week, Ww 2 beca! ' -. All of which suggests caution awed. He's greater to me than Known" in 8 profession, de- ., “11s Cont a bi v@luntarily use of short de for the fall and next year. This Michelangelo. signed ah Josmes. Project one Firm Plans $1 Million ent. a B : : WW , i ineer is the Herber oemker : One additional observation: is no time for going hog-wild on He knows what he's doing. Eg ] . 3 To date most manufacturers building inventories or making The Painting and Decorating co. Rental rates have not been Expansion Program Sec #! war goods have ordered Speculative commitments. Contractors of America say established, JOHNSTOWN, Pa, Apr. 21 The betting has all been on the amateur decorator’s errors Re (UP) — Hiram Swank, manu- ?

aterials far ahead—with the rearmament to bail everybody fall in a groove. They list four, facturer of pouring pit refracIp of DO priorities. out from all excesses. But if re- skipping many of mine. Here is a tip for the housewife tories for steel mills, announced % Thus, even if war production armament, for any reason, ONE: Improper preparation who has trouble cleaning room a $1 mililon plant expansion prots schedule, heavy de- doesn’t come through as fast as of surfaces. corners near the baseboards. A gram yesterday. ands for steel and other expected, if lags and delays con- TWO: Use of wrong mate- thin coat of fresh white shellac The program. which will boost 1] strategic materials may not tinue, well . . | rials. will brighten the woodwork and capacity at its four plants by 235 EE — THREE: Improper applica- at the same time keep dirt from per cent, will make the firm the BIG 16 TUBE 4 : M d : $i ° tion of materials. working into the wood. largest manufacturer of pouring ains Oo era e in a e3 | FOUR: Poor selection of Then, by running a clean cloth refractories in the country. The 1 = - | colors, over the surface occasionally, the four plants are located at Johns-

Week's Receipts Heavy

and sand along with washing. ease. Pa. By United Press You may need to do some fill- ———— ep - CHICAGO, Apr. 21—Hog prices spurted higher after hitting a ing. i ; Rectangular Picture seasonal low during trade at the stockyards this week, while sheep Metal surfaces require vari- | “TE YY EEE NX RN J ’ slhmped and cattle scored moderate gains. ous kinds of primers—and they § : » Cattle receipts were about 20 per ¢ent higher during the period dare not have rust, corrosion % $ 95 compared to last week, and prices made fairly steady advances until marks, etc. The available vacancies ' Friday. ; +On the last day of trade, it ap- (, ene SE 3. aN in our properties 1 oe peared that packers had acquired Vernon Co. Declares NEW WOOD can be a stum- " including Tax af] their demands, and the market 2°P C Dividend bling block. It may be overly offer @ full range in 9 subsequently weakened. er Cent Dividen saturated with resin. ‘“Bleed- ' Steers and cows closed about Directors of Vernon Casualty ing” of the resin from the wood price, size and type 1 5 steady; bulls fully 50 cents higher, and Reinsurance Co., 155 E. Mar- when temperatures rise causes op ' TRAV LER DELUXE 63R50 ‘+e vealers $1 to $2 higher and stock ket St. have declared stock divi- the paint job to flop. A pro- of office space. cattle steady. 8 dends equal to 2 per cent of the fessional removes excess resin, 2 Modern hand rubbed mahogany

Over 20 loads of prime 1025- °Uistanding stock.

You may have to scale paint

Too much paint is not only

job can be done with comparative town, Irvonia, Clymer and Large,

"No-Glare"

finished cabinet. Roto tuner for

i At a meeting which brought re- wasteful but harmful. It leads 350 Ib. zea Keene sold 3t M025. election of officers, directors also to cracking and scaling. (Uh . . . steers $36-$40- Om to reported a 1950 increase of £402.- huh.) i I | a U by is continuous sight-sound tuning. | . i i i n L n whnt low-choice largely $32.50-$35.75; 000 in premium income, Officers The Smajeut 1 Dhnoy a

y G 3. Confew loads and lots utility to low- named were Thee O. Harris, Con

$27.50-832.50. elected vice president.

nersville, president; Harold H. out to please him. Balancing commercial, $30-832.25; load Bredell, Indianapolis, vice presi- colors ana natural and artificial — ——— — prime 1013-1b. fed heifers, $38.75; gent and treasurer, and Mrs. Ma- light for pleasing effects cf n ° biuk good and choice heifers, $33- po) C, Miller, secretary. Paul space, warmth and restfulness hd 3 ; Picture! $37, and utility to low-good, Jack, general manager, was is often a job too big for him. mazing (/] I # ®

he likes but the )

(Uh huh.) :

Utility and commpercial cows Sr ——_— wl ) Rau I ays GY pop Strength—Insulation—Safety 1, | ERE ) NOTH ; NG YET... X K E Television

31.50; bulk canners and cutters, $20-$24.50; shelly light canners down to $16; utility to choice

hols, Sse mon amd fou can build an all masonry 9. 5.804 home with BRIKCRETE cheap$42; cull t ial, $25-$24; Bost paediura aut good Na er than you can build a frame The New Light Dety . WATIONALLY $ i 29% and home painted once. y TISED i

\ feeding steers, $31-$35.25, and good 750-1b. yearlings, $36. A strong undertone prevailed ip the hog market at the close

after a three-day advance from | '799 S: Tibbs Ave.

Style—Color—and Low Cost in

MODERN MASONRY

INDIANAPOLIS

BUILDING & SUPPLY, INC.

BRIKCRETE

BE-3471

SEE GLA

the seasonal low on Tuesday. . Barrows and gilts sold 25 to 40 cents higher and sows steady. The top on ‘luesday was $21.15

SS HEAT

GUARANTY BUILDING - LINCOLN 3543

Economy Medel

CONSOLETTE

Including Tax TRAV-LER DELUXE 114-2 . , ,

with no glare rectangular pic-

which was boosted to $21.75 paid At Booth 426 ture. Modern cabinet in hand freely at the week-end. or . oy Most good and choice 190 to | # 00 ONLY rubbed mahogany finish, 270-pound weights $21.50 to : » . : . $21.75; 280 to 310 pounds $21 to Indianapolis $21.56; 330 to 400-pound weights $159 ae EASIEST $19.50 to $20.50; 160 to 180 pounds | Home Show © $00.25 10. 521.30; S003 weighing § #. 0. B. FACTORY POSSIBLE : D0 pounds or less $18.75 to $20 | |. It's the modern miracle of | J vy 450 10 '600 pounds 317.30 to Vio i heating for that added room, | Com 'Wooled lamb prices plunged | | wi di enclosed porch, or as an entire TERMS ® wnward in the market, while 1 , heating system, Now every small gardener can afford a Garden-Alll “The ‘Culti-Vette” ®Es orn lambs and sheep steadied : B ¢ at the end of the period. Whether you plan a new system, replacing your present one gives you all the fine features that have made Garden-All 50 popular . . « ® Sc

plus many new ones . . . at the lowest price at which Garden-All quality has ever been available. And it's a sturdy, powerful, versatile tractor with performance that will surprise you! Come in and get a demonstration. You'll want “The Culti-Velte” the minute you see it in action!

Take Up to 65 Weeks fo Pay!

' Old crop wooled lambs sold $1 to $1.50, mostly $1 lower, as excessive weights and muddy fleeces bnded to soften the early de-

or in need of auxiliary heating we suggest you

See the MODEL HOME—Electrically Heated 2 Block East of Shadeland Ave. on 46th St.

ine. . J ee enti BUILT BY R. F. McKENNA IMMEDIATE DELIVERY! : j Removing Whitewash Open Saturdays & Sundays, 1 P. M. to 5 P. M, RY: 3¢E 11 how REIM AN’ APPLI ANCE CO i ' whitewash aro the home " Owners around ne more | GLASSHEAT OF INDIANA, INC. DILL IMPLEMENT CO. pak -.

1227 Central Ave.

using warm water and a stiff fibergbrush,

1706 Prospect

“

RI. 3760 || 1531 STADIUM DRIVE MA. 5358 MA. 1800

‘ - ‘