Indianapolis Times, Indianapolis, Marion County, 29 April 1951 — Page 44
EY
_PAGE 44
Outlook in
Washington stockholders
ton officials, such as Economic Stabilizer Eric Johnston or, By JOSEPH W. MICHALSKI
Stockholders Are Happy |
First Quarter Figures Are High, May Spur Higher Wage Demand
the Nation— |
. By J. A. LIVINGSTON |
may rejoice. But Washing-
Stocks Soar To Best Level
In 20 Years
Gain on Truman's Congress Message
Writer
28 —Presi-
Fnited Press Financial
w wale
BUNDAY, APR. 29, 1051
Cattle and Hog Prices Up; Sheep Market Falls Off
CHICAGO, Apr. 28—Cattle and hog prices moved ahead while the sheep market dipped during trading at the stockyards this week, Cattle receipts slid 20 per cent lower than the previous p and created higher prices early which were shaded somewhat in
later dealings. » Slaughter steers and heifers closed strong to mostly 50 cents
(higher, cows strong to 50 cents : : {higher ‘and other classes mostly Grains Register [50 : A sizable supply of prime grade Small Gains steers and long yearlings 1075CHICAGO, Apr. 28 (UP)—War 1450 lbs. sold at $40.50-$42, the tension and the weather gripped top $42.50; choice to low-prime
' SUN
Pic
George W. Taylor, chairman of ‘the new Wage Stabilization - nin rt Board, sre apt » shudder 3 Tt quarter FITNINES TepOTS nation will not reach its peak of/ Ww Lung mal carriers backs. inflation until the fall shot the| Not only are the earnings good, but they seem better stock market up to its best level
NEW YORK, Apr.
dent Trumah’s remark that the the markets at the Board ofifed steers, $36-$40.25; commercial
{Trade this week and pushed and good grade steers, $32.75|grains to slight advances. |$35.50; choice light yearlings at J A buying wave spread through g3s25-$37.50; utility to low comthe grain pits early in the week, mercial steers, $31-$32.50; prime jas the Communist herdesio ades $40 and better; prime 1138- Y [launched their attacks against, red heifers, $39, and most good . [bending United Nations’ lines in, |ow.prime heifers, $33-$38.25, {Korea. with utility and commercial kinds However, after United Nations largely $27-$32. « | forces siowed down the Commu- Hog Prices Off nist timetable, buying eased off| °K Good cows, $30-$32; utility and
{causing a. moderate recession on . commercial cows, $24.75-$29.50;
| Wednesday. | Both new and old contracts canners and cutters, $20.50-
lot rye made the greatest ad- $24.50; few strongweight He'~'"'n Ivances of the period soaring tol cutters, $25.50; vealers $42 and . more than 8 cents a bushel down; odd head very ligu. «. .3 Fran Schroeder,” iocal architect, ‘higher during the period. Rye as low as $20 with practical top ow—is built entirely of Haydite [took the longest leap on Friday $32.50; bulls from utility to choice, when it touched off a rally in $28-$32.50; most medium and most grains in the final hour. good feeding steers and yearlings, Wheat prices wavered between 950 Ibs. down, $32-$35.25; few {narrow limits in response to the good light yearlings, $36, and a{shifting weather conditions in the 75.nead string of 750-1b. Holstein week to.induce a great deal of gtock steers at $31.25. |buying, but, as rain and warmer, Hogs Jost part of an earlier ad- | weather hit the belt toward the ,,nce but inched ahead by the end of the period. wheat swung ong of the final day of trade.
BLOCK HOUSE — This modern living room — designed and erected by the Spickelmeir Co. at the Indianapolis Home blocks made here. Concrete and brick clay are blown up like puffed wheat to make strong, fight, fireproof building blocks with unusual insulating properties. Adaptability of Haydite, both by itself | and in combination with other materials, in building an up-to-date home is demonstrated in the display. |
Home Building Tops Year Ago
(Continued from Page 43)
20 years this week. { than they are. in 20 y | y : latter taxes are up 32 per cent for However, prior to the release Last year, In the first quar-iosg industrial corporations in my of the President's message to ter, business was just emerg- early-bird tabulation. Congress on Thursday, the mar-| ing from the 1949 recession. Pro-| For labor leaders, that's all the Xe! a 2 big wad displaying 3, fits weren't hot. So this year's proof needed that corporations hi era 8 Hmoun his sirengt o high earnings compare with last/can afford a sixth round of wage _ .. a rr a Re Siang vear's low earnings. Net profits increases without raising prices. ing a breathing spell in its battle . ope . CONSEQUENTLY, Mr. against inflation. However, the Price Stabilization Is Key Taylor will have his President reiterated that this fall, hands full trying to moderate wage boosts. He can't hope to stop inflationary pressures, which are another round. The 10 per cent wage ceiling established by the old now serious, will be critical then. ¥» Wage Stabilization Board is already a: dodo. A wage panel, named Oils in Spotlight | by Mr. Johnston, has approved a 6-cent-an-hour cost-of-living ad- Industrials dominated dealings | justment for nonoperating rail-| —— ~~ throughout the week. The sharp! road employees. That award flatten out the profits curve. advance in this group, as measpierced the 10 per cent ceiling by Otherwise, it will be a perpetual ured by the averages, moved that 315 cents. labor nies goad-and Sarael, component to its best level since Undoubtedly, that prompte r. ! Mr. Taylor's new Wage Stabili- For “order - i Sta- James Hm, The rails. MoweYer, zation Board will have no choice ,.,;,... \fichael V. DiSalle to with- Oil shares stole the spotlight “ut to approve cost-of-living age hold price increases from indus- generally. This group has been adjustments in other contracts. (ios that pay excess-profits taxes. buoyed considerably by highly | From now on, wage stabiliza- | The Johnston regulation is part tion depends on price stabiliza- of the new “get-tough” administion. The cost-of-living line tration policy—to quiet labor. must be held. That explains How effective it will be is another the desire of President Truman question. It puts Mr. DiSalle in
favorable first quarter results being reported by that industry. Gains in the oil section were extremely wide. Amerada Petroleum ran up more than 13
lary. Public and private works ;and utilities totaled $14,386,000,
creased 152 per.cent above Febru-/
to the selling side. An active export trade during the mid-week sessions, encouraged covering in wheat contracts, but by Friday export business
Closing prices on butchers were 15 to mostly 25 cents higher than last Friday and the closing top was 35 cents higher. Sows were rather uneven but averaged about
to fix farm parity prices for a the position of having to make points. Improvements of more |considerably higher than Febru- news was practically non-ex- a year ahead. If food costs ean tailored decisions on price relief than 2 points each were scored lary. istent. Be3uy. 190 to 270-pound butchers be flattened out, the upward for each industry at a time when by a number of issues in this | For the whole country, Engi- Compared to Friday's close ." .: 575 to $22; 270 to
push of living costs om wages his agency isn't ready for it. will tend to abate. Consequently, you can expect ‘But it's fully as important to some free-wheeling determination.
group. Chemical ' stocks skyrocketed on Friday. Charles Pfizer jumped
‘neering News-Record reported, ieontracts for heavy construction last week amounted te $285 mil-
last week, wheat yesterday ruled 214 to 34 cents a bushel higher; corn 4 to 73 higher; oats 4 to
310 pounds, $21.25 to $21.75; heavier butchers down to $19.75 for load of 390-pound weights;
: : more than 8 points. The company 1% higher; old rye 6% to 8% y i.e Higher prices and higher volume lion. This is 30 per cent higher, .* . ’ : ? sows 450 pounds and less, $18.75 Only Seven Deficits enabled four out of every five reported highly favorable results than the same week a year Dp higher; new oy 8% to 8's ng er, to $20 and 450 to 600 pounds, §18 k companies in my tabulation to absorb higher wages and higher ,° oon. Warp oF it AO 3 per cent below the weekly aver- soy teans by anged 10 14 higher ,, gq taxes and come out with higher earnings. Only seven companies stered the stock i a ie age so far this year, but 39 per and 1a » points a pound Shéep Receipts Drop out of the 246 reported deficits. in, this section 10 t} jcent above the comparable aver- + arket centers, sheep a Most striking gains were in retail trade and nonferrous metals, , points. 5s More lage for last year. 22 Milli F ili uy fort Hat ier 10,000 Fill in ¢ up more than 110 per cent and re coe oo ot Rail Equities Quiet IE The Yorks Wade up over non rami 18S yeaa below the previous period please) 100 per cent respectively. In air Industrr Change Ine Bec Elsewhere, railroad equities eavyi las prices shifted downward. | at foup,companies—Amer- Atrerafe Mie... + « § 3 Were generally quiet throughout Jigs Sonstruetion. or nearly $75 mition Own Homes In U.S. “sJionuy heavy oid crop ment, a I ital, Colontal, Ais Me. 14 7] {ine ween. However, some of the: Drvats na Fetes toretresizoICAGO, {(UP)—Mote thaniambe. both Would and shots, Buildi can AwrinesiGapita. Colonial, $3 HE" 5 D3 3 | carriers showed gains of most NRRL _- Dt ae rns No itn tims wh ther pvnlioat, 7ly 31 lots i He weet a sR TR ie Ecole oe. $3 5 2 yomts | HERCULITE HERCULES—Anybody can be a “ man" : 2 \homes in the c wns of | y eady more than $3 million against a Cement © 18 § j Steels, tires, sulphur and met-| oy 4p.c pr hydraulic-electric Fcon You just touch the han- an ast Sear aera! cle United States, the president of cents Jowar aud Clippers 100 Asdnions $18 million deficit in the first gites, Com 14 3 jj tose moderately. | die, and "he" opens a 200-pound door made of Herculite, a tem- ie Ne at de eye Say tis, aud Lean he oni Tg ap The Portf : . i ke rs + On the corporate front, two of | y : vs Salil League says. . | ar we WOO! am : quarter of 1950. The change is Heating “Plimsine : 5’ : the nation's grid steel pro- pered glass. George West, products development engineer of the = Top projects of the week in- The figure is nearly twice that Good and choice fed wooled TOTAL II attributable to higher bookings. Iron asc steel iss 13 5 ducers announced their first quar-| Pittsburgh Plate Glass Co., showed his invention to architects, Sled Joclamation siiojects in or 1940. lambs topped early at $39.25 and The following table shows per- Machinery + it i# {ter results. U.S. Steel and Beth- contractors and engineers at the Producers’ Council luncheon South Dakola and Oregon, state, Henry A. Bubb, president of the late at $39; woolskins, $37.50 to " : g Per- Nonferrous 103 : ng . . road work in Tllinois, a steel plant; “ '$39: choice “No. 1 skin sh Name ... centage gains industry by indus- Qi 5 rich 13 3 lehem Steel reported record sales Thursday in the Lincoln Hotel. Council President Verne Reeder |, “0 =. ~~ Ky. a calcium car- JeAgue, wiged 4 10 Ye! coruade iy ce ob ski y ors 3 % Br a d Pulp .... - i initi . : : ' ’ " ship” - create. , ; . : try and the number of companies Rete Frias is... Lil : : ih lhe Bia Jhree months of (center) and Architect Donald Compton (right) sit at Ja ipeaters bide factory in Paducah and what he called “the Shr effective No. 2 pelts, $34 to $35: spring Address . in each industry reporting in- Tobacco + - Rk 2 lower earnings, compared with ‘table behind Mr. West. Mr. Compton Is president of e Indiana apartments in the suburbs of New force for basic political conserva-/lambs, $36 to $40, freely; best Cit cregses and decreases: Toa to teal the first suarter of 1950. Chapter of the American Institute of Architects. York City. tism that exists in the country.” wooled ewes, $22.50, bulk, $20 ts Y enon kr: Deh profit in ; SR { , {$22, and best shorn ewes an Perha 3% a Different Sto That showing, of ere Bier Biles Spd, Real Estate— Lr sie bucks, $18.50, with shorn Mirror ( P FY course. is history. ness world were of the belief that ° the impact of homeowners had ewes and bucks mostly $16 to Right now, purchasing agents report that new orders in April they would show a moderate up- Several Firms to Close Saturda S been felt more than ever before. $18 and $15 respectively. Room L were down sharply for the second consecutive month. Banks are swing in the near future 4 — } A large pushing borrowers to cut down inventories and pay off leans. And Dr (lor ne. : : Hy av" 1 3 many companies are uncertain about the _. of the ver. Biuds. The homecoming o Gen M (Continued from Page 43) is doubtful if any comparable city of Rights of Way” Thursday, Fri 1 glass mak baker, for instance, reported that - Arthup and he opening of tie their awards in Chicago May 10 “20 boast of such a record. day and Saturday in Chicago. ameoecaeaeeele A appear lar : . ’ baseball season depressed re.au ean "Oak flooring. once considered .. .. inti 2 ens up the Sefense Diders may Jot, be Sut bargaining ble. And, by the ' pending, according to Dun & 2t the annual fonvenl on. d to Somewhat on the luxury side, is mg BO Aaron Hs BUSINESS PROPERTY’ { Another Tn D 12 gs Sg he 2, Same Woe nhoz ea °rS Bre Bradstreet. a statistical agency. Mr. Pierre was advance fou becoming more common. Ship- 2 Coo 0 LO Aska in ONLY — ! of partitic I erence: in ngs pro y are apt to ss deman ing. .. In industrial production, many fellowship for achievement in Pe ments from the South this year °° uel Toy po ey { decorate t pas heir Deak. The current apprehension partly co tories expanded their output Si8M- He has served as a member i,ia104 nearly 170 million board Oma et 5 9 xa, an 8, Monogement ) room “bo! This implies resistance to Offsets the good profits returns. to meet defense needs and over- of the mayor's committee ON fast in first 215 months—about 15 kl 5 wl AM M nnesota— Leasing | § other. wage demands In the menths However, in the last analysis the . industrial output displayed a building _ codes, adviser on the per cent more than last year. Rave sons re a oF exams Selling ; f Sha ahead So long 2 labor is in pace of tessmament will Seley percentible advance for the week, BOVernor’s BOUENE committee and 1¢'5 an all-time high. ag Susi: am A iin Apyiaising . Millions a sellers’ mar so long as mine whether we have another asst isabel an organizer in bringing various : : : ? corporation profits are rising, wave of inflation. If defense state organizations into the Amer- Seminar Set for city, state or federal projects Mortgage Loans The rai business men are not apt te booms, prices will go up anew. 1951 Home Show ican Institute of Architects. American Institute of Real Es- to provide adequate schools. Insurance ' erosatie re risk strikes over wages. Bat But if defense business is slower He has also been president of tate Appraisers have scheduled a if business slows, if umfilled than anticipated—and that's not the Architects Association of In- a seminar on “Appraisal of Value Serves New Area i gaegenng orders aren't piling up, them an impossibility — profits and : dianapolis, Indiana president of ————cr——on——— Indianapolis’ newest grade re ot business men are likely to be prices will be lower later this 0 ose onl the Institute, president of the Wa ne R Dunifon school, serving the first brand A 3 M U 8 3 Lumber 3 tougher around the collective year. Construction League of Indian- Y . new school district in well over tion and ti : {apolis, consultant to the National * 20 years, is No. 89 at Windsor ! ) 4 ican Railre ‘Mode Home Insulating Units Expect Record Arourcer Pianning Board. neat 10 Sell With Veon ving. GUARANTY BUILDING - LINCOLN 3543 fcan Rail : lof the American Legion Peace wayne R. Dunifon has joined |r ——— p.m : m Last Day Crowd Symbol Foundation, and a mem- y J TAINS Woo
; Reach Kitchen Can Be Expanded ‘And Bedroom
Insulating window units have Glass Plays
made their way to the kitchen Major Role
and bedroom. Chickens, cows and pigs have The modern home affords ex- the units, too, in farm buildings. pansion possibilities in all rooms Libbey-Owens-Ford Glass Co. - and attic, basement, hallways and officials of Toledo report more © walls, than a million Thermopane inGlass is a foremost product sulating units in service in the
as big as the huge one displayed Juvenile Court Advisory Commit-
Walt Veon Co, salesman.
i as real estate
ber of Chamber of Commerce
Continued From Page 43 civic committees, Marion County
Mr. Dunifon L i% formerly was a “# constructipn superintendent. The new salesman, native Hoosier and gradu- } ate of La Porte High School, served two years in the South Pacific with the
this year. Booths Described Every booth abounds in infor-
tee and the Booth Tarkington Civic League. Mr. Piere has drawn up promation, is imbued with imagina- poa)s for a. master improvement Yon. plan and a crossroads plan for Arab Pest Control Co., Inc., has Indianapolis. a mouse circus, with educated pe Wright was advanced to mice going over wheels and ge)owship for service to the Inthrough miniature houses, theory gtitute as a leader in architecbeing that Arabs knew how to tyral affairs in Indiana for 25
'vked in the expansion, pushing : back the living area of the home . all the way to the windows for : the growing family. : Basements, formerly used for : heating equipment and storage, - are being transformed into play- * ropms and bedrooms for the children, and dens. The problem of daylighting this : normally dark section can be . solved by adding large windows ° where the ground is pitched away from the foundation to permit alteration. In other cases, glass partitions are used to diffuse daylight to interior. Pattern glass also can be used
" learn that 7 buys be . to, screen unsightly heating units, uses it to insulate homes, apart- gallons of — penny. puvs 4 nounced by Mrs. Lillian Noebus fumes from the car often are re- FOR YOUR OLD » - laundry tubs, etc. : ‘ ments, public and industrial A Crowd-Stopper of New York, vice chairman of lained within the garage. ! A An attic offers several possibil- buildings, farm structures and Kittle's Lappe comfy the realtors’. national member-|. A natural and easy means of : {ties for extra bedrooms, studio cold storage units. chair has heen one of the show's "TIP committee. (escape for these fumes can be TABLE MODEL RADIO + and library. The extra width of Filame-proofed and backed by : This year's convention of the provided through a ventilator.
+ large hallways can be used for : functional closets or shelves,
. How About Special
: Room for Teen-Agers?
loss for somethat teen-
. Are you at a thing different to give
* age boy or girl of yours?
ese pitisisls incluts the + +» 40 increase usable apace. Look at that maid pretending to Coal | J { o's sulating board which can be used| Libbey-Owens-Ford Glass Co. “Crp. ~~ = . Offer Limited fo 4 Days! to cover exposed rafters and sup. °F Toledo designs interior-bright-| “he Rgepa maid took the 4 ee : . plementary framing, and form °"¢™8 Of double-paned insulating a we jer good-natured Furnaces the walls and ceiling of the new- 1358 to eliminate the “low com. /""CF SHEPETNE: re Y ly created room. . fort zone” usually found near cloth ould show her-my dust ZENITH ADMIRAL EMERSON PHILCO Scores of designs can be VIndows. SYLVANIA CAPEHART RAYTHEON GEN. ELECTRIC
If your home has an unused
. attic and you're handy" with just
a few tools, Insulation Board Institute has the answer to that problem. How about an “exclusive” attic room for that teen-ager? It isn't the job it once was. Modérn building materials have! taken out most of the hard labor. |
! worked out with the large sheets,
planks and tile forms of the insulating material.
Losing Favor Standard white paint, for years
country.
» = z MANY OF these double-paned units are in homes where they are designed to reduce heat loss and condensation on glass in cold weather. They can replace the storm sash which has to be put up and taken down each year.
Find Cotton Fine For Insulation
It's plentiful. And it works for insulation. It's cotton and Lockport Cotton Batting Co., Lockport, N. Y.,
water-resisting paper which also facts as a vapor barrier, Lo-K insulation appears on the market ito keep you cool in the summer, {warm in the winter. { The company says it's eco{momical to install, non-irritating to touch, and permanent because it resists vermin and curbs mildew and decay.
Windows Bring Nature Indoors
Window walls of glass bring
{nature's changes inside the home.
Merging outdoors and home interior, these windows are designed to make rooms look larger
Every inch of room areas right,
1p to the glass itself, is utilized.
Booklet Covers Bathroom Planning
Suggestions on bathroom plan-
| | | | |
control pests. Modernfold Door shows an electric door closing mechanism that brings out the beast in visitors who pit their strength against the hidden mechanism. So far the machine is winning. Citizens Gas & Coke Utility shows a Western-Holly range with built-in TV set on the “dashboard,” to enable the housewife to try the televised recipe. The Indianapolis Water Company’s old-fashioned water wagon has been a popular place. In<Jt is a drinking fountain, one of the three in the building. Visitors
crowd-stoppers. Lucia’s Gift Shop, at the show for the first year, rated the praise of an internationally known decorator. E. J. Wilson displayed a new faucet that does everything with! ong simple control. One “throttle” regulates the flow of water!
mixes hot and cold at desired at/State Fair Grounds. One mem- State Teachers College, Muncie, temperature.
Webber Freezer exhibitors used
their heads. They had giant pad- area since the war attests to eur Ford Motor Company's 1951 In-
locks for off-hours at their booth to look out for those king-size steaks that made mouths water. Along with work, there were lots of laughs among Home Show workers. One woman said, in the | model house, “It's just like home.
A PROTECTED OPPORTUNITY
New nationally publicized product of a Mid-West corporation now be-
ing ofered to a capable individual or
years. He has served as president of the Indianapolis chapter, helped strengthen the state organization, contributed to the new state building code, worked for better school and tenement laws, served on the Governor's State Economic Council. During World War II, with the firm of lennon & Matthews, he helped construct two airfields and three housing projects.
Goal Doubled
Doubling the number of women realtors this vear is the goal an-
National Association of Real Estate Boards will be held in Cincinnati Nov, 11-186.
Construction League of Indianapolis paid high tribute to the Home 8how, which ends tonight
ber says: “Building some 40,000 new homes in the Indianapolis
reputation as a city of homes. It
from 10 W. Washington St., to
Home Show Lauded
Navy. He belongs to the Baptist Church and
Mr. Dunifon
Masonie Lodge. Mr. and Mrs. Dunifon live at 6000 Crawfordsville Rd.
Roof Ventilators Have Safety Value
Ventilators on top of garage roofs are a safety measure well worth _considering, especially when the garage is attached to the house, says American Builder magazine. | The publication points out that
DONALD WEINBERG, CPA, has moved his accounting offices
6080 Morris Plan Bldg., at 108 E.' Washington St. He's a NY University man, 1948,
FRED J. SCHMIDT JR., Ball
was named to a two-year term on the advisory committee for the
dustrial Arts Awards program.
Ip QUALITY LEADERS SINCE 1900
Kalamazoo
; 0 .
Balance in 30 Months
Bring It With UP TO
OR MORE
$25 cash
On Any TELEVISION Set in Our Stock -
‘100
LEVISION 7/8
You — We Deliver Your TV Immediatel
FOR YOUR OLD COMBINATION on any TELEVISION Set in our Stock!
Phone IM. 3479 — A Representative Will Make An Estimate!
Open Evenings ‘Til 9 P. M.
Open Sundays 1 to 5 P.M.
pplied to 90 per cent of America’s ning, with special emphasis on frame homes, is on its away out,ithe best arrangement in small
gombany for exclusive distribution | according to the research division areas, are offered in a booklet
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