Indianapolis Times, Indianapolis, Marion County, 12 August 1951 — Page 38

i § $ : ¢

+ % 2 ¥ €

® . ¥

Ett SRA

. toolers hope for the better. |

5 $

! vide more of the castings i tool companies need. The ' Con- week, but showe i trolled Materials Plan should get tone at the close. . them tool i CMP finds, as it starts off, that, ft has issued more tickets than ¢ there is steel. Like the last time. 3 moderate ran ! As for forgings, possibly the new : cutbacks on autos will release

istrator Manly Fleischmann ofIf the tool is being made any-

under where, one of them can have it.

cover-/examining. The auto builders

{older law the bureaus and agencies are breaking out amendments ito earlier regulations. Part of the trouble has been that the builders of machine tools ~-lathes, boring mills, planers and 80 on—are mostly small concerns. They couldn't throw their weight around and get materials as the automobile industry did--and pos- ! sibly there was nobody on the - labor side who cut the same ice

| as Walter Reuther in Washington. | © Another woe was that wa

: lost skilled men to plants the

ii “hanes was Satins or RYE, Soybeans Up

: fitting out. |

as ” »

waaz_coursrmox wae AS FULUTES Gain

: more or less under government { control, and to have met it { would have thrown costs up| { against prices, and prices were| { under regulation too. Besides, the i machine-tool builders are not so | situated financially as to do a great deal of absorbing of higher costs, let alone expanding. | ; Government financing was { available, it is true, but at in-| ! terest, and when you borrow you! | are often expected to pay back, | * even if your boom ends the sama way it did in 1945.

Well, as I say, regulations are . issuing again and the machine

” ~ ~

they need, so that they can pro-| the |

steel, although the|

some. Machine toolers use many machines which other machine tool-

ers make, but until lately they rye 13; to 3! higher; soybeans! sunctions

have had to wait like other cus-| tomers. Now Production Admin-|

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$ » - » ¥ AS FOR PRICES, Co has passed a new law and it has a section the tool builders are are likely to utilize it first. One of the oddities is that the Government not only has the excess profits tax but renegotiation besides, either of which could recapture ill-gotten profit, but everybody has to be put through the same mill of price’ control. As for labor, a slew of orders has been flowing from C. E. Wik son’s office, but so far they most-

NOW CONGRESS has passed \Y govern the placing of future

defense contracts. The draft may loosen up for the specialists. The Defense Manpower Administration, A.B. Flemming chief, also has something cooking. Secretary of Labor Tobin is moving to give the tool builders a greener light on competitiVh pay increases. Informed in Washington a year| ago they had to stand in line like anybody else, the tool build-| ers are now being called up front and given every sort of pass and badge.

i i

By United Press CHICAGO, Aug. 11 — Grain] futures advanced during the past! week with rye, soybeans and lard registering the greatest gain. During the latter part of the week soybeans and lard held independently strong. Beans were higher on the rumors of export sales and also on the possibility that the Texas cotton crop might be cut by the extreme heat.

Wheat and corn made the least The May con-

tract in wheat lost '§ cent bushel in comparison to last] week.

Other deliveries gained 1! cent and over,

September corn registered

Oats were inclined to drag due to recent bigger receipts and increased offerings early fin the d a very strong

Rye rallied

sharply ade Tuesday

Compared to Friday a week

fers them extra-special priorities.|

skilled in all the intricate phases of home construction,” and such

{er-contracted home will generally \cost more, not less, than those ©'3! equipment needed.

lerected by regular building firms.| member two fundamental points:

worth his fee, and few laymen h

ect builder, actual manual work on the job.

usually sub-contracts heating and electrical work, pera | NAPS other parts of the job, too.

{feel that they must be paying a! a lot of overhead”; that they might co IN MATERIALS, the foundries gain of 15% cents a bushel but all Ut €0sts by eliminating the geni tell them they look for ordersiother deliveries steadied at 14 { from Washington that will give eent higher. . the foundries more of the scrap

eral contractor,

'sarily justified.

{be your own contractor. are leted h contractors’ bids you w «i Plate ouse in a project, or. by i you ould re entering into an agreement to week and equaled the highest

during ceiy Cy Ye have a home custom-built to your Price paid here since last May.

and then held in contractor's bid g 0 4 . ge with no special price 19 you

project builder.

David A

Motor Sales Co. Buyer was M. F. Olinger. The home

HORIZON HILL—This atiractive home at 7001 N. Meridian, built a year

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by contractor

ustus, was sold this week by the American Estates Co. for owner Emil Essig of the Essig includes all modern luxury features, three bedrooms, two baths and a library. It overlooks Meridian Hills Country Club.

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A weekly series of articles explaining, In everyday language, the important points to consider In purchasing a new home. The material was prepared by the National Association of Home Builders, in cooperation with Good Housekeeping magazine. "There have been many tragic cases resultihg from inexper- The

[tail with those of carpenters and with one another. x Delays caused a sub-contrac-tor's workmen by other crews {over ‘whom he has no control can ‘be very costly to him. The gen|eral contractor, or project builder, {knows how to schedule the>work | {to get the minimum of interferlence and delay.

merchant

builder

Irregular Prices Can Be Costly Experience Mark Livestock Through Week

By United Press CHICAGO, Aug. 11—Livestock ncountered an irregular market

during the past week. Hog prices !declined sharply on Tuesday and Wednesday, but recovered slightly on Thursday. The week's top has or $23.85 was paid on Monday

fenced but zealous persons at-/®duipment that would not be with the closing top at $23.25.

tempting to construct their own feasible or economical for you to|

Cattle receipts showed a further

homes or act as their own general Purchase for a single job. He has, a. ate increase durin g the

contractor. Most impression that thousands of dollars can be saved in owner-built homes. Unless a person is mechanically

tools that are labor-savers. undoubtedly will

tion and grading. He has wiring| and lights to speed work on dull days and in dark places. |

persons are rare outside the build-!

Contractor Is Responsible

Ambitious amateurs should re-| Your merchant builder finances]

8 jobs by advancing money to| orkmen and sub-contractors. He| as the knowledge and experi-|o ence to check the work of his, sub-contrgctors. |

A good building superintendent is,

are qualified to supervise the intricate art of building. | The general contractor, or proj-|

frequentl { . 3 Juently does Mo ients, he is responsible for then

quality of all work. If a sub-ifi

He isn't even alway: ) ays there. contractor falls down, it is thes

He plumbing,

to remedy either by forcing the sub-con-|

Pay for Know-How tractor to do it or b | . ] replacing i For that reason, some people himself. yep gy

ntractor, any failure on the w

That conclus i usion is not neces- you, 3

' Ce y ,) Let's suppose, for a moment, rtainly, unless unusually

hat you decide to go ahead and Chances

that of the sub-

the total

would exceed the general or the 4 charged for the home by a specifications by a qualified con- | tractor. “How 1s this possible?” you ask. [=

{cents lower, icents lower. Under ‘his agreement to his week fully

general contractor's responsibility showed the most advance, the defective work, sponding to eastern demand.

are under the POWer saws, drills and automatic weer but total salable supplies He were still below a year ago both

Use a POWEr |ocally and around the market { shovel or bulldozer for excava-|eircyit. Dow of 3%, and Goodyear ‘off

More new crop light and under-

All weights of bar-

Sows were 25 to 30

Choice No. 1 and “2 butchers

weighing 190 to 210 pounds were! top sellers.

Most choice 190- to 40-pound butchers sold at the lose at $22.75 to $23.25.

Lambs and yearlings closed the steady. Sheep got etter action than last week and nished the week fully steady to 1 higher. Good and choice ewes re-

Compared to Friday last week, p native springers brought $32. ulk good to prime natives were

If you are your own general $31 to $32; cull and utility kinds

ere $25 to $30.50, Choice to

part of an irresponsible sub-con- prime fed western springers in tractor is an added expense to!fleece sold at $31.50. Lamb weight

0. 1 skin yearlings were $29.25. Steers and yearlings sold down

fitted and qualified, you take a from around $36 and cows gradgreater risk by sub-contracting ing utility and low commercial your work than by buying a com- also gold off. High money for the period was up a dime from last

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Stocks, Indexes Decline;

Trading Only

By ELMER OC. WALZER __ United Press Financial Editor NEW YORK, Aug. 11—Stocks declined during the past week on moderate trading. The market set new highs since 1930 early in the week and then encountered profit - taking later which left the major indexes lower on the week, e industrial average lost a 1jftle more than a dollar and the rails less than 50 cents. Utilities were off around a quarter, The upturn on Monday came after some further profit-taking in some of the recent leaders. Oils met generous support. Then profit - taking reduced prices all around. A freight rate increase helped the railroads for a time but was not of sufficient size to set off a broad recovery in this backward division. Rails, however, had several firm spots despite the loss in their average.

instances, too. a shade and their group met good demand at times on increasing investor interest. A few issues registered wide advances and a few had wide declines on the week, Among the better gainers were At'antic Coast Line, up 2%; Mag{ma Copper, up 2%; Mead Corp. jup 2%; Mead Second Preferred, lup 5%, and Chrysler, up 2. The last rose on its report showing

crease in costs and taxes. Chrysler retained the $2 dividend paid in the first two quarters, Among the wider losers were Monsanto, off 5%; Merck off 21g;

{33%. | ‘The main list of stocks showed

{weight butchers arrived but there only small net changes and was|A was still no volume on such hogs. uninteresting except for a handful You, as your own general con- Sows sold dependably but the of features. {ing field, an owner-built, or own- ractor, would have to locate and market was generally slow on|light. | hire all these, and any other spe- other hogs. {rows and gilts were mostly 50 the market and a long list of companies showed good earnings| A few declared higher!

Volume continued

| Business news was not bad for

| reports. dividends.

Industrials were higher in many] Utilities lost only on the week and was about un- of hearing.

high earnings despite a sharp in-|.

Moderate

+ Automobile output during the

week fell off sharply to > IRONMASTER units from 117,010 in the previous) week. : . Steel operations dipped slightly EMRICH HARDWARE €0., INC, but continued above two million 252630 W. MICHIGAN 51. ;

tons for the week.

Coal production was off on the week and below a year ago. Building fell on the week but was over last year. Electricity output dipped slightly on the week but! was over last year, | Crude oil production slipped

back but held near its high. Gaso- : line output eased. Fuel ofl output HE ARING AID rose and kerosene output slipped. Car loadings, which have been making a poor showing for some $75 EN/ T™ “Royal” , ® amazing exclusive features

time were under the level of a CAPITOL HEARING AID CO.

year ago. Retail trade was off 5 to 9 per | ’ MA-41 "mn CIRC, DIANATOLIS. IND -

cent from a year ago, but many! Wholesale trade showed a gaini, perSonnel's 14th year serving the har

lines showed gains. one conduction devices an

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New M Is Like

By DEAN

The small | is entirely dif have previo though this be noticeable

It 18 the mn walls that m usual and I b years this n general use tl try. I call this erete Lumber sawed, drilled actly the sa same tools, a

Actually, ¥ mixed with a aggregate anc which produc 16 inches wid and eight fee gravel is use panel is less as regular co

Fach panel of 50,000 poun proof and Ve have agh-excel ity because dead air spac mineral aggre

Goes

When builé material, the or the basen a U-shaped st or nailed to are slipped in nailed to the hundreds of } the wall is channel is na Presto, the jo I watched ! walls of this windows and ready for the The cost of areas is abou! ly less than be made in 2 finish or co companies 1 panel 16 inc can be paint crete paints..

Like V

The exterio wood siding « hard to tell two feet awa

¢ be-adapted t

and by the sa can be built o as the chang

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