Indianapolis Times, Indianapolis, Marion County, 27 May 1951 — Page 40
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_PAGE 19 - THE INDIANAPOLIS TIMES SUNDAY, MAY 27, 1051 | SUND. Outlook in the Nation— Stocks Break | AMELIE 7 we HS - ro ; Boiler May Need
Hopes Fading
wl == — cD EB > -— == — 1-4 —-—y
For Fall Pickup
By J. A. LIVINGSTON : — WASHINGTON, May 26—The climate has changed. | Three or four weeks ago businessmen and bankers Nw ELMER & Wain . . . : . | ’ ay ~~ LOCKS acknowledged that maybe inventories were a little high, that y,. 14 to new lows for the year sales of televisions, autos and other items were a bit slack, in the past week and then rallied
that men’s suits weren't moving well either, from the lows. ; But, they went on, it's just a lull—until rearmament They: closed the week lower
For Thursday Selling
_faker bald tn Aha Salome fo dm — Cw gr RIT Ce a RT OMERS 10 BEECH GROVE—Constructi " w IA Brine Aes es Roh A Alt Soh | cities, isi EF Fae, WRIT Btreet Was onus wim lo on pdt pic pitas lS 1 Mt nA OF SIE IME RS LS OVE—~Construction contractors. Mrs: WL. Ms. Beane ond fi 3 Te A RRS ies ay a Test Jas ome ea’ quite. a0 Sure sae ERGInG” wak Hy Texceps Figured in Sale oF the: double at 330-34 Main St: Raymond -B. Jen. | duplex at 58 STH Ave. Beech WHF ove, With apartmnt ie reds Teen > Reg pi gt ath burn. 1
* Maybe! ahout the fall upturn.. higher taxes would cut {nto earn: wall Street. : ings. of ~U. 8. corporations. But! In three weeks, the stock mar earnings are so good anyway— ket has dropped 7 per cent. The what does it matter? Dividends whole tenor of reasoning has re ih amply Soyered, Even mn changed. During the market sellthe high prices of the year, stocks off on Thursday, a broker said to " seemed cheap. Why, Bethlehem me: ‘‘Customers, who thought joing us much ns five Bunuies. Steel, around 60, paid nearly 8 per General Motors cheap at 48 when 0.1 and the market turned up cent; General Motors, at 54, the it was selling for 52, now cancel 4.0m the lows. Some gains were same; Atchison, Topeka & Santa orders to buy when it approaches ...4e Friday notably in the railFe, at 178, 51, per cent. their figure.” That's how volatile . .4 group i But now bankers and busi- human beings are. | Wall Street blamed the rail-
. roads for the plight of their own Less War Tension
stocks. The rodds have been
Nor Is for the Thursday- session when’ sales rose: tO 2,580,000 shares, most since Feb. 5.
Selling that indicated a climax
The news from Korea hasn't bolstered confidence. Gen. Van Fleet's
counter-offensive suggests that he has the Chinese Reds pretty much falking poor Sogih a Bey Seek! nd Morningside Drive in Wil- St. Just finished also were homes at in hand. Already war tension at home has lessened. Rumors and hy oid ty a Jeases, liams Creek. Featured are glass A Project of homes costing 6215 N. Tuxedo St. and 3424 E. talk of a cease-fire abound, despite denials. ; and oak panelling and masonry $13.500-§25.000 is underway by 62d St. There are not enough prefab
—————i—————————— . the selling and this group, it is A negotiated pence iy oertain | current sales reports, is more noted, has been liquidated far to affect rearmament and busi- | than ample. more than the so-called peace ness. Fewer guns, shells, tanks, | In Washington, the great fear stocks.
motor vehicles, planes, ete., will Is still inflation. The Wage Sta- One peace group-—televisions— 'bilization Board has just ratified enjoyed a good market when
To New Lows soins tose coimisi ind Then Rally
Trading Light Except |
with a loss of around, §hotWen. ..
te a series of declines hit on? Thursday when the tickers fell -
Showpiece Homes Still Going Up Prefab Makers
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nings bought the house from Gilbert Wilhelm, McClanahan Realty Co. handled the transaction, represented by W., Odonoghue. Listing price, $7500. The house at 201 S. 7th Ave. was sold by Mr. and
(Continued from Page 30)
ranch-type stone houses im the $60,000 bracket on 15 acres at 9800 Spring Mill Road, 10 acres at 4400 Kessler Blvd. and 80th
living room wall and fireplace. David H. Augustus is building seven homes costing from $30,-000-$50,000, including a Willlamsburg copy and four Georgian
330.34 Main St., Beech Grove
201 S. 74h Ave.
L. Starks Realty Ce,, represented sales. .
The tough winter gave that bolle ler in your basément a beating. Like your car, it needs servicing \after a long run, advises the Plumbing and Heating Industries Bureau of Chicago. . The weather for the heating season to Mar. 1 was 14.3 per cent | colder than during the previous
. Beech Grove | season as registered *in 20 key
Mr. and Mrs. Acy Lancaster #5The 7th Ave. Cape Cod house was ler-or stoker opera ed ‘many ‘more listed at $11,500 and the duplex and apartment at $16,000. O. hours than normal. It needs an
by Alva V. Starks, handled both experienced heating contractor's - (attention,
limestone, 4425 E. Kessler Blvd. the 1951 Home Show model house It has baseboard radiant heat and he constructed. knotty pine trim In activities w. L. Bridges & Sons, Inc, toroom. He is also building a $28.- day, 3 to 6 p. m., will display a 000 stone home at 1161 E. 58th house built at 6225 N. Tuxedo St.
A. H. M. Graves, builder and In $25500-$28,000 bracket, Mr. realtor. Streets, sidewalks, curbs Bridges has started a rambler at and sewers are all in for 29 6224 N. Tuxedo St. and 13 houses houses to be completed this year on N. Oxford St. at 5606, 5612, on N. DeQuincy St. from 36th 5626, 5632, 5638, 5644, 5650, 5666, to 38th. One, 3635 N. DeQuincy 5706, 5712, 5718, £724 and 5730.
And the contractor needs to
lorder early, if you're short of parts, and to set up his schedule with workmen short in his field.
Can't Catch Up =CEERY
| monn |
—
|
With Demand |
houses to go around, says the president of Gunnison Homes. John J. O'Brien reports: *Of the 1,400,000 new home starts last
be destroyed. Therefore, re- | ; : , re v lv 55.000 w fabri-{9-cents of an 11-cents-per-hour other sections were breaking. Colonials. They're located at 7332 0 ¢ " hel _ Year, only y were prefabr : . placement requirements will de- |, 20 contract between meat pack- These shares responded to word N. Illinois St. 6670 and 6672 N. ji Rlready Js tinished. They ave neven lionses on B. iy i cated homes, but that number was Fill in thi cline. Orders for equipment, al- ers and their employees. This car- from Chicago that television Pennsylvania St., 7277 N. Meri: of stone, brick and Fon ig Ave. are the projects of Robert the maximum production. Even please) pa ready placed, may be lowered ried packing house workers’ pay producers were stockpiling in an- jan St. 7816 Forest Lane in Wind- 07 3/00 Brick and 'rame. Wirsching. Costing from $15,000 though the industry has doubled and future schedules may be cut scales 14% above the January, ticipation of early resumption of combe Addition. 830 E. 79th St. Mr, Graves soon will start 28 © halt are already up and yous NIGOIIY. nas couhie 1 back. The pace of rearmament 1950, level. It marked WSB's offi- large-scale production of sets. and 7125 Washington Blvd. Re- houses in Manor Court between occapied.” They. are. frame, brick its production and plant capacl- Building pl may be decelerated. That would [cial scrapping of the 10% ceiling. mt “ cently completed were homes at 33d and 34th Sts. He has under- and stone and have two ts four ties in the last 12 to 15 months, { y viv ie qv ERD 1. r = permit greater latitude on civil- Railroad workers had previously , 7001 and 6999 N. Pennsylvania Way homes at 5631 and 5655 N. pq. 00 "anqd American steel We are unable to meet the de- Additional ian output, whieh, judging from broken through. a # p Pa St. Oxford St. and. plans three at ... . " .hinets mand.” 9 Projects in the $30,000-£100,000 5607, 5625 and 5631 N. Oxford Out in Irvington on the old H : liev hat “priv The Portfo! Ww P bl Thowe treak-throughs are a beginning. class launched by Emory Baxter, St. These are part of a 110-house gio. University campus there's e believes that “private enterage roDIeM next month, the precedent-making' » 0/ include houses in Williams Creek Project in Brocton Addition. Part (on ciriction in the $11,500-$15,000 prise, whether prefabricators or TOTAL IN( General Motors-United Auto Workers contract will activate a 7- ecel S 0 for father and son. O. A. Birr's of that same project will be 28 2 rot bv the Meridian Construe. CONventional builders, can satisfy Name cent-an-hour wage increase—3 cents to compensate for the rise in ranch type house is just being $25.000 three-bedroom ramblers jon Co.. Some of the houses are the housing needs of this country.” sete the cost of living between Jan. 15 and Apr. 15 and 4 cents for the finished at 8110 Morningside to be built between 58th St. and ready. Addresses of the total Mr. O'Brien declares that “the Address ..
annual improvement factor for increased productivity. The question is: Can WSB -— tle prices edged ahead by the end | afford to grant the é-cents-an- |0Xaying pay increases above the of trading at the stockyards this hour Increase? t [rise in the con of HYG does week, while hogs and sheep lev0 matter a 0es, eled off at stead sitions. General Motors has formally so tory workers are now getting, Y So asked the Wage Board to grant their sixth round of wage in-/would fall off as a result of gov-| the 4-cents-an-hour improvement creases—through the operation of ernment regulations proved par-|
CHICAGO, May 26 (UP)—Cat- piu His son, J. 0. Birr, has a Kessler Blvd.
contemporary American brick underway at 525 Forest Blvd. Mr. Baxter recently finished
‘houses for Paul McCord, 5001 N. way on a half-acre lot Predictions that cattle receipts yr qian gt. and Mr. and Mrs. 71st St,
on Parker Ave, nroject — 5141, 5145, 5149, 5150, the street for which is ready. 15154, 5158, 5162, 5166, 5170, 5174 M. G. Gerdenich is building a and 5178 Atherton, N. Dr. $26,000 brick rambler with breeze- | mr mrmer—————
1 W. Air Force Spurs
dreamer and the shoestring operator, who have so maligned the prefabricated housing industry, have been largely eliminated.” | He says prefabs are better-look-ing than they used to be. “The old
John E. Lilly at 6111 Crow’s Nest pg, R. Pike this week will fin-
Drive. Pine and birch predominate jo), 5 $26,000 Colonial at 5250
Chain Link on Wood
Transport Output
stereotyped prefabricated appear-
Butte For (
| | boost—on the ground that work- the cost-of-living clause. They tially true in the final count. Re- | h » iy ros wshare in the 2T® far ahead of white-collar ceipts were 20 per cent smaller In aating 2u0s and activities Capitol Ave. He also has under-| WASHINGTON, May 26 (UP) jjoves. disappeared,” he be BUY DIRECT Here ar ers dee 3 ‘enmle 'B |workers in the pay race. Since than a week ago. 'Built-i 1 tables and sun racki ly five $16,000-§19,000 bunga- —The Air Force said today it has DV Rvia: mw and around advancing prosperity of the na-|1939, white collar pay has gone| However, the biggest drop oc-/ -\o oo Sa) 2 su the |OWS in the 1100 block on E. completed arrangements with Mr. O'Brien stresses the impor- from Indiana’s Only Steel market 800 tion.” That's a poser for WSB. In yp 90 per cent, barely keeping curred Monday. Arrivals moved any Sore oor are used 'n 56th St. Chase Aircraft Co. to begin tool- !ance of the local building man. Producer Making Chain cons ordinary times, most Board mem- pace with the cost of living, which back toward normal during sub- iy pte a Baxter stone Forest B. Kellogg is building In8 for production of C-123 twin-| He tains: ana E3idlest hii Link Fence ind snes bers would be inclined to pat GM rose 85 per cent. The pay of the sequent days. : . ~ Colonial ramblers of brick v engine transport planes at the 3 onomically perforate on the back. But such a raise/factory workers has advanced. Fed steers and yearlings lost Tamuler Ee) Mr 30d Mes. Rober: with two bedrooms, two hivr Kaiser-Frazer plant, Wiliow Run, Ag ig The ® For Residences gtd | : v » 8. Dr, ' 8 Mi , 8s of the while the now would be tantamount to'170 per cent (see chart). an early 50 cents S4¥ance and | o, deome Addition. Dining and and den, at 8075 Morningside Dr. AL th ti the Alf F quality of the materials he may ® Estates © Factories and forwa |closed mostly steady, heifers]. room are combined and in Williams Creek, costing $40,000 e Same Lume Lhe Al force nse—i7 th -si ving room a 999, "said the Fairchild Engine and Afr- e on-site erection and ® Schools handle.
‘steady to 50 cents higher; cows |50 cents to $1 higher; bulls $1 ito $1.50 higher, vealers steady
WHITE COLLAR vs. OVERALLS Office-worker pay. up 90% since ‘39, barely
will overlook a terrace. and 82d and Illinois Sts. south-
W. Frank Parrish Jr., has under West corner. The Morningside Dr. house, already started, sits on a
plane Corp. has been authorized 2S3¢mbly operation is not carried
to prepare for production of C-119 in pe Same manner al He se
® Institutions
+ EYE SHI
. a fully 50 cents construction homes ranging from medium twin-engine transport Material Onl stays with living costs: factory pay up 1709, and Stock cattle. 7ully WT knoll and has a marble fireplace can be quickly dissipated oieng yor lots learnir ’ higher, $30,000-$50,000 at 121 W. 73d St, “0 : Place. ianes at Air Force plant No.8, q y dissipated in the ; ; $e Be. 15002 Central Ave, home in any enm pleted are H. L. Bar- chicago. P field. Complete Erection Service Rerviils A t 2 » Mooresville, 7411 N. Pennsylvania tholomew’s homes at 7410 and ggicer-Frazer has started pro-. _ only through the appointment. Free Estimates — §240 ‘Grain Markets St. 5621 Lawrence Dr., Brendon- 7480 N. Tllinois St. The former guction of the C.119s and will Of efficient building organiza- E T Sitside The = . wood, and 7591 N. Pennsylvania Das playroom, four bedrooms, continue production of this air- t!ons having the know-how to con- asy lerms BE vere ; Jittery at News St. Primarily ramblers of Indiana five baths with dressing rooms. craft at Willow Run until Fair- duct well-run field operations will ( fi | S i shield —— limestone, they have tile or glass Among several he recently com-! child begins production of the c-\ ve raise the quality, increase pub- on inenfa feel. Corp. ! the mouth : | CHICAGO, May 26 (UP) — paths three bedrooms, den two to Pleted was a stone rambler at 119s at Chicago. After that, Wil-|}ic demand and lower the cost of | 726 Russell Ave RI-4275 ; ii |Nervousness resulting from ip..e paths and two fireplaces, 5464 Holliday Dr. low Run will produce only the C-|the Prefabricated home.” , world news caused the grain mas | Mr. Parrish recently sold a Ben Olsen Jr. is building an up- 123, the Air Force said. m— — ii f NOISE A els po Evrate considerably i |$38.500 home at 33 E. 75th St. per bracket rambler at 8050 Sar- MMERCIA| the Army # > 2 Ald. 0 ale toved | less. Under construction at 7402 Col- gent Rd. The house has three BUILT-IN CABINETS cO ’ - Interference { Wi fle crop - reports y |lege St. is a $40,000 modified Cape bedrooms, two baths and knott | ing: produced b; drastically with prices Y anagement an asing : jorastica ly p : Cod home on eight acres by Har- pine panelled kitchen - breakfast [ili Jordan Bros.333 W. Wash. Ll. 4685 : AND ’ erators, aut
other sour
| By the close Friday, wheat and Office Space ® Retoil Locations
| vey E. Rogers, The large kitchen room. The fireplace serves _liv(oats had chalked up gains, while) ith eating area overlooks a 30- ing room and patio, and_th ere’s AHLBRAND in W00D Commercial ond Industrial Properties Frequenc: |other grains and lard were lower. | \ND Ww Date Pod Res Bank of N Y. Dept of Leber J. A Livingston | Although grains rallied upward foot drop into a valley. There'sja Sale Jerrace. Mr. Olsen also Youngstown & American in Steel ~- Selli re es 2 FE: : “fashioned i$ re-building at 155 W. 73d St. ing: ia in the final session, earlier in the & fireplace in the old renee - Endisdibdybuitio on | . d , | Hon FOU. | mmediale and Complete Installation REAL ESTATE E : radar. The real test of disin- |week they tended to slump re-/T®CeP als—fres ' Business Properties End of Steel Shortage flationary—or inflation- | flecting the United Nations offen-| Harold Honderich, designer and BUILD YOUR OWN Low Down Paya Esfimates : . 4 By then, it will| sive in Korea and the endless builder, is putting up $50,000 and ; EVENING—IR-6108 pr: Appraising: MOISTU]
ary—pressures is likely in late summer or fall. become clear whether sharp cutbacks in civilian output are neces- | stream of peace rumors. sary, whether demand for goods will exceed supply. The National | Sp—t———
mine moist consists of battery and
| $55,000 houses at 6901 Washing- All lumber, hdw., roofing, paint, 'ton Blvd. and 212 E. Tist St. Plaster, lath and mill work
{Ranch types, they are stone and
All types of income producing property
Production Authority is figuring that steel available for consumer durable A ie ee U. S. Income More (brick three-bedroom homes with YOUR CABINETS BUILT a uiit at t washing machines, etc.—will be : : istribute |dens. Mr. Honderich just finished ' eable, cut to 65 per cent or 70 per be Strike Deadline Evenly Distributed {an upper bracket house at 6902! © sult your needs 1] pi] I When th
into a samp indicated di
Jamestown White Steel Kitchen eabinets built and installed exsctly as you want | | | them. Phone for esti-
. | NEW YORK, May 26 (UP)— washington Blvd. He plans 20 At Westinghouse ? Income in the United States t0d8Y nouses costing around $35,000 in| PITTSBURGH, May 26 (UP) is much more evenly distributed yighjand Manor Court. ’ 5 — Policy makers of the CIO In- than in 1929 and furthér equaliza-| gy A J1indeman Jr. just fin-| Sia
of the average use in the firs
half of 1950, . TLV ATH L TE
LINCOLN 3543
But steel men, at the Amer-
ican Iron & Steel Institute ti be brought about b ternational Union of Electrical tion can be ug Y ished a $45,000 rambler of Indiana Plans or Consultation Services. mate. meeting in New York on Workers meet here next Thurs- raising productivity at the bottom | 1 i pe abe G-E APPLIANCES i finer te Wednesday, freely predicted day to set a strike deadline for Of the income scale, according to ° Bl] SE A A TICE sheets of that the shortage would abate 51,000 Westinghouse Electric He National Bureau of Economic Contractors recommended. | RUBBER FLOORS BO 7 3 esearch. L in the fourth quarter. If that's |COrP- employees. Resear © Eun. iu his annbal For Building & Remodeling Problems TILE AND | “For ope The union seeks a retroactive ur F, ' CABINET ! the gis, some of the AuHicipa- 9-cent an hour wage increase and report as director of research for BUILDERS LUMBER (0. j:us: ~. mErmIAN FIL o00 stapler he ony Ying of manutach ™ a union shop. IUE President the bureau, pointed out that, 1500" Mans. Av INC5353 Re squeezed be who ers, re a ers and con- James B. Carey warned the com- while in 1929 the upper 5 per cent | a aL ve. i : finger. SUIer Ye proved pre. pany it will “be involved in a|of income recipients had 34 per, Tuy . ure. : strike” if it refuses to join the cent of total disposable individual Btn ©, Strength—Insulation—Safety SPECTA for Srhaps hata what Becounts union in presenting the demands income, in 1946 they had 18 per Style—Color—and Low Cost in device whi or Sane o oD To oe to the Wage Stabilization Board cent. Lo a cemented t ’ for settlement. = bedroom w laying off workers and in Wall The company tentatively has| : MODERN MASONRY and has tw Street, where traders have been offered to raise wages 9 cents, | You can build an all masenry the lenses : marking down stock prices. retroactive to Apr. 30, while the home with BRIKCRETE ‘cheap- which the 1 union asked an Apr. 13 retroac-| er than you can build a frame | The legs LIVA FY tive date. A union shop demand by, 2 - h inted out for eas was rejected. $ Po os ome painted once. L k HOME SUPPLY CO ye LOWEST PRICES anky says: Ihe OneSiop Bath Harvester Suspends 560 | visit America’s finest displey | INDIANAPOLIS BRIKCRETE Get Your Home Ready oak Aaa EAs MOLINE, 111, May 28 of fences oy k. 1900 S. Tibbs Ave. BUILDING & SUPPLY, INC. BE-3471 : ; kled for > a, u men were un er | Ty BAT a BAH ARON 51 Free Estimate, 3B 5894 suspension for from two weeks to | . 2110 N. Meridian mimi —— A RA Fi RE for Spring and Summer! sendion a month at International Har-| : : . 236 E. New York St. vester plants today for oi Be Hillsdale Fine Potted Roses Are Use Our Qualit hig ths ; slowing up production during a | | SRE TRIIA II | ERECT y LIL: ! ke a wa time-study test. Now Ready to Plant B U | L D | i M A T i i i A LS ma Ric: £ori-ge a draw str \ ) 3 ARR NNN NT DIMEINTINEONY | 20,000 To Select From hanging. All No. 1 Grade, 2-Year : i : A It . you TA-DRI PROTECTS ORNAMENTAL IRON WORK Immediate Installation Field Grown (+ for fasting salisioction : or 1 YOUR HOME T00 ! re Tim eines ter rome || 3929 W. Washington AR Aioicin Seoction Jt Shor C E M E N T stamp to 544 Winth N St, N | | BR. 5421 Bren ba, 1243 In. aces t Phone CY. 0481 Peace, Mission Bells, Sutters and ask. —— cs —— tl : Gold, San Fernando, Rubi- . 548. NE yat, a Te Golden Scep- Also SAKRETE Mixed Con- ———— YES—STA-DRI applied on : i d pp LY HEATED HOMES ter. crete in Bags. Just add water porous masonry STOPS the ELECTRICAL : d Ideal f : “ Hillsdale Selection of . « « MIX and use. eal for sneak-thief, “water leak- Climbing Roses small jobs age,” that steals your com-| Jois, A Aloha, Doubloom, Dr. J, H.
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