Indianapolis Times, Indianapolis, Marion County, 13 May 1951 — Page 44

PAGE #4

Outlook in the Nation—

} Will Slump | End Quickly?

Businessmen Counting On Rearmament.as Cushion

“TohonOut | -s Loan Problem ~~.

Meet Federal Officials This Week Home builders hope to start ironing out. their problems with the government this week. The spring session of the National Association of Home Build-

ers will open Friday in Washing- . ton. C. A. Wack-

By J. A. Livingston : WASHINGTON, May 12—This is a strange, strange’ period. Not since 1937-38 has this country had anything resembling a business depression. We've talked depression. The 1946 stock market crash was the signal for a rash ‘of predictions of a postwar depression. But no depression. In 1949, we had a business decline, but it was.shallow and short-lived. So: we've ~~ Sm

become waii-nigh «depression- seq “cars nave heels sticky. A er, president of

. few autn dealers are willing to Marion Count proof, mentally. Twelvé'years part with 1951-model new cars R ery of upward business since 1938 at concessions. Department store’ Builders, Inc, have produced a sweet narcosis, [merchants have been anxious. sald Albert F.. . To be sure, business is having] Nevertheless; underneath the ‘Thompson, M.'L. : a little letdown at the moment. letdown {is a big, brave hope: Hall and John

Distributors and retailers are a The fall, rearmament, and cap-

Bauer are among bit loaded with television sets. ital expansion.

the Indianapolis construction men

Mother's Day

% y x! Thereasoning ‘You Can’t Have a Slump’ [0 le tle ead an | #This slump will be over quickly. Sure, it hit television. Why : tend. a te S dies i wouldn't 1t? In six years—from 1946 through 1950—this country = Mr. Wacker Ar Wacker fe. ! e main

made 11 million sets. One nut of everv four homes wired for ‘electricity now has a TV set. You're bound to reach a temporary saturation point. Later on, television sales will boom higher than months to come. The largest part ever. You can’t-have a business of the problem is still ahead of

‘slump, a recession, go long as the us.”

problems as ‘a growing shortage of mortgage funds available for loans to home-buyers, a mounting lack of copper, steel and brass building materials, and the De-

Stores Get Lift From 3-Day Gift Rush

Continued From Page 43

icapital goods Industries are boom-' That is the prevalent view feline Simsing Bill of 1951.” tion and will make a speech at the “Ang.” throughout the country—among e ons RE industry, he con- aqs0ciation in Minneapolis (City : That seems logical—histori- hankers, manufacturers, whole- d, "has a goal of 850,000 new of Lakes) on Wednesday. He

homes and apartments for 1951 but will use only 1.8 per cent of knows his subject well. It's “Prothe steel output. Housing has a motion.” vital part in defense. It uses little INDIANA LEADS in anti-bio-critical material. Any priorityi,. . « i AAI 2 r setup should provide materials to lies, Four big so Bhies turn on! reach the 850.000 goal set by the the get-well products, They are government.” Eli Lilly & Co., the Pfizer Co. and Most builders predict that they Commercial

will put up far more houses than that,

galers, retailers, workers, and consumers. Consequently, business-

i cally. New pnlants—eapital ex- : pansion—eall for brick, mortar, : and machinery. Payrolls In- men are not particularly afraid : crease. The consumer-goods of inventories, Steel and other ! Industries boom along. That's raw materials are money in the : what has happened ever since bank. Even some retailers figure : the end of the war, that merchandise is better than President Truman, in an ad- money. ‘dress to businessmen on Wednes-| Therefore, businessmen are not :day, declared: “80 far, we have really thinning down--paying off ‘only begun to feel the effect of bank loans, cutting inventories.

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THE INDIANAPOLIS TIMES

Builders Hope New Brick House to Be Shown Today

‘military demands on our supplies retrenching. As this column has

of raw materials, manpower, and suggested before, they're counting day from a builders’ plant capacity. But we are goirg on

rearmament

as a cushion

to feel this effect severely in the against excesses,

Inflation Pros and Cons

ment for continued economic expansion and inflation. But vou can tricter credit

Unquestionably you can make a strong argu-

Mr. Bauer, who returned Monmeeting in Memphis, reported that the Federal Housing A d m1 nistration has proposed

at [.awrenceburg. A. C. CONDE, secretary of the Indiana Manufacturers Association, ir on the Education committee of the NAM. THE PURCHASING AGENTS will honor past presidents in the Athletic Club Thursday. Tal-mas-

also make out a case for recessionary developments. Here are the ,, SOB ter will be H. F. Jones, of Du major inflationary influences at work: struction. men Pont. The big buying boys will ONE—Rearmament is bound to rise, slowly but surely. want, be in from all over the state. TWO—C are expand- said: | WHAT'S BECOME of the Smpanies i limit financing of corporations He said: Wooden mnising spoon? Fred

They're talking of using Section 207 of the Housing Act, which would offer us less attractive terms than those

ing to meet the requirements of rearmament as well as civilian demand. THREE—High savings among businessmen and consumers Warrant continued high spending on capital goods—both for the factory machinery) and the home (@ishwasheps, furniture, etc.). FOUR—Continued deficit spending will add to the money supply.

and municipalities and make it harder to borrow money from banks or to finance new homes and instalment purchases. The drop in government bond prices has made new financing more costly and uncertain. FOUR—The probable lag in

defense spending. All betting has been on a short-

Genck (Sunbeam), tells me Mx{master shipments jumped 3 per cent in the first quarter. There's a “hot dog war” com‘ing up with the roadside eating,

iH season. And under which big developments Mustard dribbling season like More DE s ova or built. that'll give a lift to the bun and This may be the answer, but it's catsup business. ok the dr going to take. a lot of study. The And don’t overloo e cry

leaner. On Monday he takes conflict may be smoothed out at © . age of materials and big cut-backs , azo einen? out the spill-spots you put in

But here is the case for reces- : Ss | developments: in production of autos, refrigera Raymond H. Foley, administra-| ™® Sunday. —sionary developments: _ . _liofs.etc. thisfall. Buti the cut-| ~~ ihe Sionsinp-aat-Fofuiif Emr ONE—Congestion In certain packs are not so sharp as eX: anee Agenc y I h gq . kl . S # 3 of consumer goods—tele- Lo ted, perhaps consumer duraoie All 9 . Bane Y; wi be, { ere. 50 Shinkle Joins Sta vision, furniture, even apparel. (0604s will be in excess supply. Hh Tank mn = Richalds Pa of Ww thersSeal : TWO—Increased taxation will Then maybe the rush to build new ty B oy pi: or aa curb corporation profits and cut [plants will subside. Nothing cools the V ot ar zn or Ne atic Ralph Shinkle has again joined consumer purchasing. (This as- |a blueprint like a little less busi- = =. = © 55 C0" ra co the Indianapolis sumes that the government ness. A0an xnaranly section; John l.izates stam 5f the

Haynes, building materials expert yu, 3 budget won't be too far out of That's a tenable point of view flips Ba Production De We a ther-eal balance.) |—even though heavy money's on thority, and Ralph Kaul of the D I THREF--Credit curbs will {the other side. | Defense Production Administra-| a ve. g

Mr. Bauer

been commuting

Dental Speaker Windows are the greatest heat- +, Terre Haute,

® Dr. Lyman T. Meiks of ne Pro Cattle Prices losersin most homes. To com- where he served Indiana Univers gn ABA ‘bat this, put your heating unit a8 Weather-Seal Fm at the 94th annual directly beneath the window so I©P resentative. “meeting of the Indiana State : Dental Assouiation at she Clay: this week not only checked the . 2 po 'recent price decline but encourdis. 28ed better prices in some in-

——, k # . - — tion. _ Mr. 8hinkle, a Dr. Lyman Meiks Diwindling Supplies sip wear tose imino

Mr. Shinkle CHICAGO, May 12—-Dwindling inst the warm air can offset the ing as well as living in Indtan-

He is now work-

cattle supplies at the stockyards filtration of .cold air.

apolis.

IN THE FOLLOWING PROPERTIES

‘well, Dr. Daniel F. Lynch and

bulls 25 to 50 cents lower, and most stockers and feeders steady

He will ~ stances, cuss Relation Cattle receipts during the enof Medicine ko tire period were 20 per cent be- < Deniial; N'low last week's and 10 per cent WO ame nN 8 down from the total during ‘a A Other speak. CCITesPonding week a year ago. Q Architects & Builders Guaranty ers: Dr. A.V. and Jeariinge. closed mostly 50 < | wn [a Purinton, Phila-l.n.”’ v1 higher; average nrime S Big Four ahn delpiia; DF: Vice, "Nin" rine Kinde: oteady: \'{ Circle Tower Roosevelt : 5 3 vy; ; lock tor L. Steffel\tyiy® ana commercial steers S Consolidated Stewart Bloc “Dr. Meiks Ohio State Unl-gteady to 50 cents lower: good Doctors Terminal : versity; Dr. Emil 354 choice steers predominated: Farm Bureau Insurance Underwriters MH. Bollwerk, Bt. Louls; Rear p.rarg 50 cents to 75 cents highgam Dane) = (Ran: Gren) er; cows strong to 50 cents . es; Dr. Victor H. Sears, Balt phioher: vealers o 5 Ean Dr ober we. Bot. DL vot \ J aR LIRA 1]

Dr. George C. Paffenbarger, all -0f Washington, D. C, Wheat, Slips Most In Nervous Market - CHICAGO, May 12 (UP) — A government winter wheat estimate of 682 million bushels far above calculations-—-and nervousness stemming from the shifting battle emphasis in Korea featurized activities at the Board. of “Trade this week. 3% Lacking in strength during v:most of the period, wheat took “the greatest strides downward in the grain market. Corn followed, while oats, rve and soybeans ‘Punched out gains on almost all deliveries by the close of trade Friday.

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THE LITTI week ig almo: were not for e a lot of little . has included. like one of th in a vow tha boxes. However, t not like that. If we look we can see the The exterioi or cinder bloc in flower box, and’ arrangen and snug line chimney, all r tractive outsi

on THE INTE] veniences thar larger. Take c There are eigl For a home « proximately 2. of closets, It } bule for prote dirt. The liv and boasts and a picture The two be wardrobe type doors to save between and other parts o and there is linen closet ir n THE KITCI nook are ver area boasts

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