Indianapolis Times, Indianapolis, Marion County, 20 May 1951 — Page 44

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THE INDIANAPOLIS TIMES

’

PAGE 44 ——

Outlook in the Nation— Market News—

Big Decisions . 1} Due in Korea

Serious Setback to Allies May Start Scare-Buying Wave

Stocks Lose Trade Heat

Over $3 Billion] In One Week

By J. A. Livingston WASHINGTON, May 19—Great decisjons are in the making on the battlefields of Korea. A serious setback to.sGen.,Ridgway's forces would generate demands at home for a stepped-up war effort, Taited Press Financial Edie | which might well include the bombing of Chinese staging ORK anay 33sucke(] areas in Manchuria, as urged by Gen. MacArthur. At the/ar listed issues this week in the .-

same time, the pace of rearm- —— severest decline of the year.

] ic 4 Man's requests for a stronger De- ! i ament would be acéelevatedityigie Froanaion Act e In the Friday session prices,

Another wave of scare buy- On the other hand, if the Chi- ‘crumpled And the averages showed | fing might take place—as busi- "ese Reds are thrown back with their widest losses since last Dec, #8

severe losses, the Gen. Marshall the day Gen. Douglas Maenessmen and householders get theory of a limited war in Korea Arthur reported a million Red|

‘another quick (though perhaps would be validated. The defense CNinese in Korea. erroneous) look at shortages effort at home would sag. The The Friday break. was the secahead. Inflation, now temporarily President's legislative program ond of the week. On Tfiesday the

: would have tough going. Thus, list also had crumpled. dormant, would be re-energized. o victory for Truman in Korea On Thursday brought prices back!

a, "ue

Decline Is Severest

Since Dec. 4 By ELMER CC. WALZER

i; » : ' x Hog ‘ h PLANS RENTAL UNITS—Mrs. Mildred H. Moller, and the house she's finishing at 4329 Sunset Ave. Painter, Paul Belles.

pil 2d bP 3 ay

| The Tuesday break was traced lic to many things—reports of early| Three building bosses wear peace moves in Korea, later de-|gkirts,

nied; reports that there was a| glut of ofl, later offset by talk of, Two of them, a grand-

need for more to make up for mother, are named Effie and Iranian losses now that Iran's wells have been nationalized; ana Past 70. They total 60 years a general feeling that with highiin the construction business. taxes eroding earnings, stocks) They're still building, to house ‘might not be worth as much as Indianapolis. {the market prices they were sell-. Mrs, Effie Schoen-Morgan and Ing at. Mrs. Effie StoneMarket experts trace the list’s house started troubles back to the recent break, . building 30 years in the government bond market ago.

MEAT IS A CONSTANT ... In the family diet Outlays rise with income

| !

INCOME DEX (1835-39=100)

which in turn had affected all! Mrs. Mildred other bonds. ! ; Moller, 45 years In the periods when selling was g& ®_old, is a newheavy the stock tickers fell be-| comer in the hind the market. On Tuesday trade. All three they .lagged by as miuch as four = women have

minutes for a period of a half programs under-

Meanwhile, the

3 : 13 way currently, What Are You Looking At? [iio hour On, Friday, the lateness Mrs. Stone. depends on what you look at. The steel industry still booms along, for 19 minutes | Mrs house, often with operations at.103.9 per cent of capacity. Machine tool builders | ee Schoen-Morgan visits her projare behind in deliveries, and heavy construction—work on new, , . | ects before § plants for defense—continues strong. Livestock Prices breakfast. Along with bossing On the other side, retail sales) jobs, she frequently stains inare still low by last year's stan- | 3°18 have been auctioned, well v- Rebound From [teriors. | Mrs. Effie Stonehouse

{low list prices.

dards. Department store sales In| The business lull makes the job | | the week ended May 12. were Uplof Chatis B Who baka 2 f ly Week Lows (zo on huniding. at record speed Veneers, in varitus colts

are 10 per cent higher than a year| ,.. "committee on the $80 bil-|StO€K Prices rebounded from an Morgan believed. ago, unit sales are down. | All types of durable goods—re-|said that further cuts in consum- [N's Week. frigerators, washing machines, er goods output and somewhat| Cattle receipts Tuesday hit the vacuum cleaners—seem to be in{longer hours for some workers highest mark since November, gi co Mrs Schoensupply. In New York, television would be necessary. {but thereafter

: ; 5 |However, the final count placed Washington Blvd. from the 5300 rreight Cars, Housing, Power

Yet, even as he the total for the week among the yi 0 poy | Already completed is a white spoke, the largest in 1951. frame, two-bedroom bungalow at Pennsylvania Railroad announced the release of 3500 shop em-| Slaughter steers and heifers rd ad 4 hbase a oS Leers and neliers jcpad —at—4821-N fet; ps ployees at Altoona. The defense program has lifted but not boomed [ended steady to strong; cows 50 gy eg on n I Munim Fo the railroad business. Earlier requests for steel allocations to pro- cents to $1 higher; bulls 25 cents Starte . Sy’vania St. vide 10,000 freight cars per month may prove to be highly inflated. to 50 higher, vealers strong to $1

“Well established builders caning breeze-ways. All are brick!

is designer and builder,

of gle siding has an rlosed breeze-! Schoen-Morgan Realty Co., E 2 Enelosed Dyseze

Mother and son recently fin-

| Along with building, Mrs. Mol-| d are homes at 7560 Morn-||., operates a store

ingside Dr., 8085 N. Meridian St.

with husband Louie. The Moilers live at 4475 Marey|

| Electric power summarizes the year, they're 4 per cent below 1948 | down. Output is still running cents higher. |upper bracket stone ranch-type and 8 pes cent below 1947.

lahead of last year—12 per cent. Hogs recovered most of the homes, they have special features! Home bullding, too, is off. Here But the decline since the high of losses that were encountered in including attached garages and credit controls are a major in- the year (in the week ended Feb, S2TY sessions but turned down fdens, fluence. New housing starts|3) has been pretty sharp—8 per “o'C. Slightly at the close.| wry gchoen-Morgan, who lives dropped from 93,000:in March to cent. Last year the drop was only| 88,000 last month. Last year, 3 per cent. In 1949, the year of housing starts rose from 117,000 readjustment, the drop was 9 per in March to 133,000 in April leent.

THE SETTING {is hardly conAs Congr ess Sees It ducive to tight controls. wer. LOSE Ground ern legislators are already stirred up about the rollback on meat. | CHICAGO, May 19 Packers and’ ranchers argue that lower prices will mean a reduced Grain markets lost ground after for a house at 1825 N. Leland St. ists say. supply. Actually, however, high prices do not have an immediate edging ahead in earlier sessions The bungalow of brick veneer effect in bringing out more beef. They stimulate herd-building. = at the Board of Trade this week wii] have three bedrooms and oil “But that s a larger meat - as the emphasis spun around to peat.

lower and sows steady. | grandchildren. TT {

Great-grandmother

Grain Markets |

Experts Tell How

times, grandmother 10 times and (twice a great-grandmother, lives

'at 5457 University Ave. Tomor- °3K floors does away with serub-|

| . the selling side. ; . later. Froth : Mrs. Stonehouse’s early projects jong-handed applicator. £10IY Severs] Years Credit Controls A significant factor in the de- included a square of houses on S. preparation removes ordinary dirt year to year, the supply of meat cline was the improved weather Irvington Ave. just south of Eng- and spots, and leaves a thin waxy is fairly constant. Thus, if eon-| . conditions throughout the nation. jish Ave. film which helps protect the surgumers bid for it, the price—not| Although winter wheat, according Crocheting and canasta aren't race of the wood. It serves as a Ito all surveys, suffered severe for Mrs. Mildred H. Moller. She's reinforcement for the coating of the immediate supply—rises. {destruction, the rains and warm pyjit houses three years, and in wax which should be applied three Unemployment has not re-| Continued X'rom Pans 48 |temperatures of the last two three weeks will start 12 doubles. or four times a year. “sponded to the business lull. In| had we {weeks have raised estimates on Eighteen of the 24 units will Ty er April, only 1.7 million persons | $12,000. I don’t think the slump the standing crop. 'be rentals—the other six for sale. Oak Fi D . were out of jobs. This was a drop/is due to any reduction In the, A letup in spring rains in the, These two-story doubles will be Wd oor Demand Big of 400.000 from March and the need” Midwest made possible the speed- located at 21st St. and Road 52. Shipments of oak and other lowest number since October, 1948.| mwyerett J. Holloway comment- ®@ UP planting of corn, and the Each house has two bedrooms hardwood flooring from the South | ’gl A : isture in the earth was said to'and bath upstairs. Three of them reached the billion-board-foot This bears out Mr. Wilson's ed: “It's hard to get labor and "°C t > { -C t 8 kf s h warnings of a tight labor market upcontractors on the Job. You be excellent for initial growth. __'have two-car at ached garages mark for the first time in 1950. ahead; slso of shortages D8! ean hardiv hr DA VIS ¢ , a = Tis Neil 22 months. Bub after|™n hardly hire anyone. Tus . « « Indiana's Largest Cleaners

{slows you down, makes it hard to operate.”

that, he implies there will be slack in the economy. Therefore, many legislators are inclined to| ‘Seared About Labor’ ask why bother with controls at| Labor problems were also cited all? {by Raymond E. Alexander of the

essmen Alexander Realty Co., who exI re upon Plained: “I'm not building any them They hesitate to legislate NOmes right now. I just got against possibilities, against scared—about labor. It's hard to infla res- get, and you have to pay the shortages and fist onary P So Workers too much. You set a sures which may auvefop price and have to stick to ft— the House Ways and | ane and then before the job is finCommittee has whittled down the, p.;" voy have to raise wages. administration's tax request from ; ..,{ intend to quit building OT pili to 2 Me ver $8 corer Tm on Sak . 3 breather. close to being balanced. And : 4 . there's no disposition in Congress Joseph 8. Dawson of the Daw.

Beautifully Cleaned and Finished

SKIRTS PANTS

. son Construction Co. to grant President Truman powers “We haven't slowed down. We're he may not need. building more this year. I think

Consequently, so long as in- the reason for the slump in buildflation is in abeyance and so long ing permits is that a lot of buildas the Korean War is not injuring ers thought a freeze was coming American pride, Congress is in- and got their permits ahead of 3 clined to let human nature— time.” wages, prices, profits, and Inf#® An ther buflder — he did not tion—take its course. That's why want tn be quoted by name—adgreat domestic decisions are being mitted: “Last fall we rushed in made in Korea, not here, and got our permits for this year.”

Goode & Goode Report Builders Hopeful

Summing up the outlook, G. W. Increase in Sales

Mohr, executive vice president of Marion County Residential BuildGoode & Goode, realtors, report ers, reported: a big increase in sales. “Builders here are optimistic Joe Goode says that in the pyt not overly optimistic, They past 30 days the firm has sold are just starting to feel the efnearly twice as many properties fect of government credit restricas during the same period last tions, but there's a big backlog

A of demand. The picture still looks Nine houses, three farms and good, although, of course, it can one summer cottage were sold for| change overnight. Cur buflders a; total of $90,000. are planning to go ahead.” 1

aesupeccl

BUSINESS PROPERTY ONLY we

Management Lessing Selling Mortgage Loans Insurance

- KUHN

LINCOLN 3543

SWEATERS

‘Cleaned and Fluted DRAPES BEAUTIFULLY FECES a ceca SNLINE Tite. §98 ant 0 do LINED 2° ................$]0*

MEN'S of HATS

LAD IES®

and Blockea

LIELT LARGEST

p—

gates, ’ 800 members from all parts of! the United States and Canada will { attend.

vention

2222 N. Harding St. listed at pon2

Wilson.

You dry-clean them with a wax-{wood lumber base preparation which can be United States is put on either with a cloth or a ing. Oak is by far th Such a used, >

for Hammer Names Make News— ac. amg 1WiCE as Many

Own Homes Now As 10 Years Ago |

Continued From Page 43

operating office buildings will be . | i the main question before the deleHe added that more than

Among the speakers will be

W. E. Reynolds, federal commissioner of public buildings, who [will talk on “Government. Acqui- | sition.” :

Hoosier Hospital Awards

Two new Indiana hospitals won

| Hquston, a small hospital in Bag-| |ley, Minn., and eight homes in We ination were picked as outstand-| {ing buildings of the year In | architecture. local delegates were | Don Compton, Alfred Porteous, Edward Simmons, Edward D.| Pierre, George Caleb Wright, Arthur Wupper, Wesley Martin.

Back From Chicago

Among

merit awards at the Americgn Institute of Architects’ annual con-| in Chicago. were the Northern Indiana Hos-

® ry Women Builders Undaunted; or Gives cniaren. sown

Bend, and the U. And Congress might suddenly be-.would be a defeat for Truman in Sh3rply in many" lines, but the " C } Hi C | Hos s 3 , pital, Ft. Wayne. i come amenable fo President Tru- Washington. recovery failed to carry through.| Y ons ruc ion ontrols |" A oft drink bottling plant in|

Rewarded |

S. Veterans|

Walter M. Evans has returned

{from Chicago where he attended meeting of the {Standards of Practiefh Committee ; lof the National Association of was four times thé dollar volume of the previous week. {Real Estate Boards. A member lof that committee, Mr. Evans is {manager of the real estate diviision of the cost department, Indiana National Bank.

'Hartmans Home

Professional

SUNDAY, >

| =

——— kg bt ; RE :

318 N. Drexel Ave. ak

THREE-BEDROOM FRAME—This two-story house is the new | home of Mr. and Mrs. Everett C, Dumond. They bought it from | Mrs. Edward Barrett, J. S. Cruse Realty Co. handled the sale, represented by E. J. Nicolai and N. L. Koepper.

MAY 20, 1951

65 Sales by North Side Realtors Top $850,000

North Side property sales for the week ending May 14

Associated North Side Realators reported 65 sales at $856,325. The week before they totalled 20 at $200,375. Willis Adams, chairman, and Alfred Campbell, secretary, submitted the following Zor ania St.; 4316 Broadway;

Russe Hartman, realtor, Mrs./renort to the Indianapolis 1709 N. Tacoma Ave.: 5320 Ken-

Hartman and daughter Dorothy Jane of Brendenwood have returned from a vacation in Coral] Gables, Fla,

Home From Hospital |

Thomas W. Kercheval, realtor, |

Inc. ‘way, two-car garage with elec- p They've bullt hundreds of homes trically operated overhead door, Local Plumbers

An Indianapolis delegation will! attend the ai of the Na- "2 Aye. Association bers— May 28-31 A. the and Heating" pares 1. Robbins Realty Ine. N- Ritter Ave; 8051 E. 24th St; by the same Lot, corner of Park Ave. and 84th 1119 N. Centennial St.; 64th St. in Chicago May gt .'10t, 7400 N. Pennsylvania St. and Grandview Dr.; 3369 N. Sher- | Bruce Savage Co.—5255 N. IlI- man Dr,; 2804 Questend Dr.; 5468 be: inois St. (represented seller); 5145 N. -Pennsylvania S8t.; 2225 N,

| The Hoosiers also will attend National Plumbing in Beech Exposition sponsored Though loadings are above last ‘higher and stock cattle steady to and 7103 N. Pennsylvania St. Allo 0 ¢, 20d Plays golf and bowls organization { : | | 26-31.

The Mollers ES 4 of ane the group will ; eir daughter, Mrs. Don Clinton Hayes, member of the na-! . | y : N - Klingler, lives at 2019 N. Harding tional uniform codes committee, o; LeRRSYIvania St. Lots 17, 22, Satherwood Ave. 43 Ee St. In a house Mrs. Moller built and George Roesinger, president Butcher hogs closed 25 to 50 cents g¢ 8235 College Ave. Tos two | 2d Mrs. Klingler decorated. [QF oi % Tadeanapele 2 | | mma | umbers. ers to go | will be: George Paetz, vice presi(Sent; Claude Jordan, Mrs. Stonehouse, mother three To Clean Oak Floors land A. B. Huber, treasurer, In-| The up-to-date way to clean 3ianapolis Chapter, and Wayne Wives also will attend.

(UP) — row her crews start excavation!bing, home maintenance special- Hardwood Flooring

LOST our LEASE

AND REMOVAL SALE! Everything Must Go!

and president Harval Investment Alabama St. : Painters are finishing the sale Co., has been taken to his home| i Schoen- house Mrs. Moller built at 4329 on Edwards Road from St. Fran- addition, 3900 block No. Denny St. She is presi- Sunset Ave. Listed at $21,500, the cis Hospital.

d No company for lion defense budget, Mr. Wilson °2r!y decline at the stockyards ent and her son, Robert Schoen, white frame structure with shin- awhile.

{

of Master gojjer)_ 5734 Washington Blvd.

Chapter,

5426 Graceland Ave.;

{mont Ave.; 1467-69 S. Illinois St.;~ 128-130 8S. Hancock Ave.;

Morgan helped and automatic dishwasher and 1 they dwindled. | 5p residential development of disposal in the kitchen. 2 To Attend Session jadier Si

23, Highwoods Dr. Spann

ford Ave. (represented buyer); Secretary |y 9, Kenwood Forest.

Ford Woods & Co.—3514-516; first remove any dirt and grease

{515-517 E. Market St. | Willis Adams — 8540 College fully with soda and water. Then About 15 per cent of all hard- Ave. (co-operating broker, Evans- dull the gloss by rubbing with produced in the Bromert, Ine.); Lot 11, Sherwood steel wool or sandpaper, by wipmade Into floor-| Village. e most widely |

{wood Ave.; one acre 4500 North

Real Estate Board: between Allisonville Rd. and Key«

Fieber & Reilly—3505 Caroline Ave. Birsgery & Appel, Inc.—338 S. Locenting buyer; 3068 Fall Creel Hall-Hott 1c Ine. 925-927 N Blvd.; 6243 Central Ave.; 36 W, 3 Halle) loinc { N. 58th St.; Lot 248 in Arden, W Washington Blvd. Edgar E. Brodbeck (represented buyer )—5135 Boulevard Place. Butterworth & Co.—5147 Rosslyn Ave.; 2233 Northgate St.; 1958 N. Drexel Ave. Jack C. Carr, Inc.—4353 Guil« ford Ave. (co-operating broker: Bruce Savage Co.); 1227 N. Beville Ave., two lots in Williams Creek; 1022 N. Linwood Ave.; 61768 N, Delaware St.; 1936 E. 64th St.; WT op 1212 Tetand St; 705-07 Besart W. DD Prati-lots 3, 25 and 26, Ave.; 232 N. Jefferson Ave.; 1117

Fred T. Hill—Lot 9 in Dinwood

Keller Realty, Ine.—1751 Beeler Ave.; 3041-3043 Winthrop Ave.; 4004 Arthington Blvd.; 1006 Edge-

14-16

T. N. Meredith—5117-19 Cen-

R. E. Peckham (represented

{beth St.; 1206-08 E. Washington Co. Ine.—948 Luett St. St.; 3430 N. Kenwood Ave. 7400 Hague Rd. | Fay C. Cash—Kessler Blvd. and Hugh Teetors Co.—5825 N. Ox- Riverview Dr.

Painting Over Vamish

Bo Watkey — 123 W.. When painting over varnish,

from the surface by washing careing with turpentine or by using

American Estates Co. Ine.— one of the commercial prepara~ 7015 N. tions for the purpose.

IMPORTANT NOTICE

This is a Bona-Fide Sale . . . . ! out of business. We will move to 1117 E. Prospect St. as soon as room is available. Every-

thing sold with Full Factory Warranty and Service!

proof of loss of our lease can be shown. We are not going

SAVE = 507

ALL NATIONALLY ADVERTISED PRODUCTS

REFRIGERATORS WASHERS

DRYERS

TELEVISION TV-RADIO Comb.

RADIO, Record Players TOASTERS, IRONS

GAS RANGES ELECTRIC RANGES KEROSENE RANGES SINKS, CABINETS WATER HEATERS

OPEN MERIDIAN APPLIANCE

836 S. Meridian St. (Just South of McCarty)

WEDNESDAY—FRIDAY SATURDAY TILL 9 P.M. Other Evenings Till &

istone Ave.; 5611 N. Délaware St. 'with Jack C. Carr, Co., Inc, rep«

Cm ———

— SRT

—

NSO

4] Houses

( 2110 CA)

This 1Yaletely mo ent condit 2'; bedrms another, A hot water with show: an, large maple fire for cash ¢ only by 3 shes, WA.’

BUTTERV “TOWN AND ( 6302 GUILFOR

3215 WILL SEL Excellent Vv 12 down—3 di

brick 2-ca bargain, K 0777

WALT “REALTORS

-C(

A Reasonable i modern 2-bedr size garage nes ‘ails. Tack Clg

Fo 2528.) EDGAR BR( NEW 2. &3 Down paymer equity in your or part paymen

DARLINGT 201 N,

s ATTENT 5-Room mode lecation north and in good ¢ down Harry res. HI-7384 ENIGHT REAI COLORED 502

income; 4 ry R rms. and ba Martin, Broker

COLORED— 310 side double. LI-2368

COLORED--1249 mond. $1200 Fo Realty Co., LICO! ORED—3103 riex Cash or Reolty. LI-8568. COLORED—354-J-rms.-a-side, Hes Realty. CO ORED—&-R1 Rd C J. Hug

42 North

NEV STONE A! Built in 194 Located 520( 2 Fine bedre Lovely tile | Large den Huge living Attractive d Excellent kif G. E, dishws G. E. dispos Aluminum w All-marble s Fully {nsulat Vietor oil b: Convenient 1-Car garag 1 Block fron Price $21.56G¢ Shown by ay

ON BR Before 9 A, NOBLE W

HIA x

2 BEDROOM Located c drew's on | Beautiful re center hall dining room en. hreakfas bath down. looms and. Abundant ¢ room. Gas cinred breexne rage. Price and drapes. min A. Boh

BRUCE S Realtors Cire FIRS DE LU Ultra-mode four-unit b structed in an dining W/W carpet! en with man carpeted sta! i

JACK C 5106-08 E 3725 N. CHESTE 2-Bedroom Be low Thermo 7p metal windows; screens. marble fireplace. Knotty 12x12 Dining roo natural’ finish | Formica top anc room with ecole Bedroom and 1 flnar plan; full te oversize ga square ft. of I months old. Pric by appt. only — HAROLD B..

IMMACULA Frame bun of living roo full dining re rooms, bath, screened por water heater large deep fr Starm—winde thruout. Con rage. Low Bohn, WA-8;

BRUCE S.

Realtors Circ!

FIRST This heautiful ranch home is Devon Woods. TI tive living room ing room, unus: and 2-car attach sted on a beau! feet wide and Gulistan carpetin dining room and the jee of $33. RI-1314. Dick Ris

ATKINS

5-RM. 3252154 W par side. gas air furnaces side. This p repair. Price only by app

GIL CARTE 5936 CA Charming 3-B. 1 up Delight{ wood-hurning fi room, kitchen w tile hath, gas | with activities garage. fenced bi BR-1358 GIL CARTER C( ASSOCIATED N(

—WHIT Georgian “golo rms, 3 baths) 2 hath; library] 1 with white pair fired steam rad 1249 Golden Hi

call RUSSELL FORT MA-1675 or Enter] HOME ( This $8500 Gra ean he used for : duplex, as the: ‘tehen, stoker eecnvenient terms Cal! Pred Hoffn DRISCOLL MM N. ILL. R

TWO-W/ In very desi ooms each side, iving room with dining room One side vacant

door, shopping CALL WALLY Hawkins-WI 302 Inland Bldg

Comfortable

4933 E.- 34th, | 1 master) 3 | reat Manor. P 2-Car attached with oil furnac window 3 bh F., J EF

. J. VIEHM) AILEEN KLAIBH DON'T

Almost new 2. rm. with picture

nice kitchen hagemt.. 1 car gi buy. $12.000

D MA

size living tr floors, screened

ESR EDSEL 0 BALTIM or.