Indianapolis Times, Indianapolis, Marion County, 23 September 1951 — Page 44

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Business Outlook—

Just Where Is That Upturn?

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A i i By J. A. LIVINGSTON , The fall upturn has kept business men waiting at

|. September has been a repetition of the one before.

church so long that it ceases to be news. Each week in/g

the|

future shortages of automobiles, raofrigerators, amd other hard -130ds leaves consumers cold. This

rard Keynes, the apostle of New/months of this year was 23 Disposable consumer

learned from Keynes and Frank- in June.

_l'n D. Roosevelt, it’s that when] fag ‘money they spend it. Te Te eng unis tb $8000 (se chart) In the week ended Sept. 15, de-| iartment store sales were down broad implications. “) per cent from a ‘year ago. Sure, Ju can say that last year people

Fewer

stoves, furpaces, lavatories

Ea : ) the, 4 or pes; PRATER, 4 ans Lat oor ore hme Segoe from the Wom prices 4% machines. sna Othe ! ar Jor a or i 2 he aa = R J eos: 7 } i arkets were a to firm se. Finger, | inl ily ‘on One-sto] 6000 fe + Del ; : od grain marks tealy i a rn Shanta TYE es PAAR RARE ~—10{ floor spas end fio brick snd Indianapolis is aise~thic- site of Mosk..choice 190.270. gow Abie. WEE Alheg oN DAVES IaBRA Eapiasations.. © | la a a i SHEET oenielt block Cons “Phe the Ghaden Co, Division weights sold Tale" Wt $27 62ST" Loli "during the early part] ;xplanal a a ‘Back of it All frontage is entirely of show headduarters and a soybean proc- Choice 160-180 pounds went atl . ins week. : ‘Unemployment Low | windows. : essing plant. "$20 to $20.75. Choice around 300,

vey INES eae ial 2

m't bad to

: to find unemployment as Diture, rugs, etc, 3 ¥ as it is today. “only 1,578,000 were out of jobs. bonds, "ment store sales were soaring] . and inflation was the Spirit of up. They're not spending for Autumn (following Korea), 2.5 joy, the novelty, of it. On million were out of wark. icontrary, many households Steel operations are running Teplenishing depleted savings.

They've been spoiled.

economy. They say they like to

© Department store sales lag behind 1950, and talk of | Except for 1949, loadings are at| jan 11-year low. And residential ast isn't according to John May- construction in the first eight|® {cent under 1950-—760,000 dwelling income is Units were started, versus $90,000.

«| The. total was boosted sharply a - high. And if there's , En. retailer has/DY & bulge in public construction’

stallations of new refrigerators, Manages of the branch. He is now for customers.

As T see it, the Korean War|- ; Actually, of course business finished off a five-year spending : Fe ht. Tou have to go/sbree in the United States. The October, 1945, when the Spree began when World War II States was on the thresh. ‘ended, when civilian production

reconversion from war to Of autos, electric appliances, furwas resumed.

i In August, Householders cashed in savings| withdrew money from

By . when depart- savings banks, bought on time.| Er ri Now they're pretty well bought road shares featured an active

People are paying off debt—

work weeks because of | is the cause of the retail lull, of steel, but other eom- | the explanation of the lag be- . panies, in defense work, are at | tween persons! income and re- © extra-high levels. Ome offsels | 15)] gales. Tt isn’t so much that . “he other, sales are low, but that gaius

0 aver 8 year ago are disappear- . ing. And businessmen have

‘| Ewer since 1940, except for 1949, they've operated In a sellers’ mar-| sponded to a decision of the In- the terstate Commerce Commission trade gained on the week and on ‘buyers hammerings at their doors. sanctioning a five-for-one’ split the year. They're not yet adjusted to a Niek stock. | : ine 8 Plate 2s. gained from 1164n the previous week but 280, bulk prime

get out'smaller amounts including Nor- | Were a single failure under a brought $39 to $40 with about u|liveries and the apparent ease

per

A mew metropolitan branch of,

Glidden Completing Branch Higte: Prices * fom

{ | stock market encountered higher!

Jeent larger than last week but

dominated by long odds and near-|

THE INDIANAPOLIS TIMES *__ a

Feature Week's

By United Press CHICAGO, Sept. 22-—-The liveprices throughout the week. The week's hog top rose from $20.75! on Monday to $21.25 at the week-| end for No. 1 choice 220-250 pound weights. Cattle supplies were fully 5 per,

again well below the correspond-| ing period a‘year ago. Consist of the run changed little inasmuch as fed steers and yearlings pre-| . SUBURBAN—Knight Real

In addition to handling the full

the Glidden Co. will be opened at ,., of Glidden paint and varnish

The private home-building total 906 N. Delaware St. Oct. 1, to is down 30 per cent from 974,000 service the retail and wholesale Products, the new branch also wi offer wallpaper and sundries. :

The home-building drop has A former Indianapolis resident, Another feature of the new parking lot

will be rented on readily at fully 25 eents TAs

paint and varnish trade here. in- William G. Wickham, will be store will be its rear

the Glidden The

ete. manager of

Featuring Active Market

By ELMER C. WALZER United Press Financial Editor NEW YORK, Sept. 22—Rail-

the week. are] Market men believed that the {roads will make the best showing, of ‘the year in the final quarter |‘ recent bull movements. when the full effects of the recent! freight rate increases will be re-

corded. * show gains. Rails this week rose 89-100ths| age, while the industrials lost’

barely moved. being off only ome- ti, rose on the week but fifth of a point on the week. {under a year ago.

Daily average volume of trading ran to more than 2 miilfbn Steel Production Up

shares for the second week in a Arti vas somewhat under last week's’

Feb. 10th.

Rails Advance |year,

last year.'and fight for sales. But do they? thern Pacific whish ran up nearly Yer ago,

3.A Livingston

; Fuel savings up to 30 per cent more can be gained through i insulation of a home, building ex- © perts point out. In an uninsulated t out : dwelling much of the heat ix lost p

League

electricity there are

3 fi

heat loss/of these homes they also serve : retarded and therefore less the primary heating medium

WOT

protection!

a RVI FO EE Ne

Despite the advances of gas and (0US, reasons.

x probabl Corporate | some four million homes that stili|7oTAPle in many instances. In a use coal or wood for heating} Honeywell | Actually, these coal the wallsior wood stoves are designed for Argas are use for cooking, but in too many

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three points.

points and smaller gains were lat ‘the rail group. loans. Along ine al issues, (Te2ted & few cents in the

Ingersoll-Rand jumped 3% points. | bad time at intervals.

Freeport Sulphur soared 9%. Su-| peror Of of California ran up 2. Millions of Trees Newmont Mining gained 6 points and National Lead was up more!

Thus it was a race between SUrvey.

to ferret out the issues which were behind the market for vari-|

news continued fa-

Glass Heat With | "ELECTRICITY

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Railroad Shares Advance

A rise of 11 points in Nickel, Retail trade was one per cent

Plate was the mainspring in the high to four per cent lower han broad demand all week ned Soybeans were easy to weak rail improvement. That issue re- than a year ago, but higher than = to 75 cents and cows vo throughout the week with the ex-|

[up 25 to 75 cents with utility ception of the Thursday market. ; igrades showing most advance. Business failures rose to 164 Compared to Friday a week the new crop had an adverse ef-

week. Wholesale

inois C 1 rose nearly 2 share decline in money in circu-, n entra ion and substantial rises in

noted in several other issues of S0ld reserves and in commercial Food prices at wholesale re-

i moved higher, including Anderson|2d Bradstreet average but were

yton new stock which ‘higher than a year ago. WholeCla, k set a new high at 551% up 7% points. sale cash commodity markets had

One-third of the land area of!

the United States—about 830 mil than 3. Mullins Manufacturing i Jana Scott Paper were strong on acres-—is in forests, accord-.

pots. ling to a Twentieth Century Fund ¥ £

oleum floors without old-fashioned, down-

: {

{good to prime were in demand all few others it was unfavorable, Week by small killers and ship- states. but the unfavorable items seemed PTS at steady prices. Large pack- portant corn producing to have only moderate influence! ®rs as well as small killers com-|

I on prices. Traders realized ats Peted for the moderate supply of the stock market during the past Ce which have had bin good to prime fed yearlings of- mn the corn belt, sale of 5000 tons |

‘gain and bought in the issues fered and compared with lastof corn fo Ireland and progres which haven't responded heartily Week's rather dull close they/©f additional sales to

graded choice and prime. wy |

drop as the sow marketing season

400 pounds AD, $18 to $19.75 this week was the marked weakwith a few at $20; 400-500 pounds "S$ Of corn and soybeans. Corn,

were ; 500-800 pounds isold off because of failure of the ra is: . al xpected frost to develop in the

Iy 90 per cent of the steer crop

On another light hog run, prices on barrows and gilts advanced 15 to 35 cents with the majority of sales 25 to 35 cents higher. The proportion of sows continued to

comes to a close. That class sold Ear

Despite

The feature of the market early

corn belt. The decline was aggravated by the forecast for clear and warmer weather for the im-

Native spring lambs grading

By Thursday the outlook for less favorable weather conditions

would up the period on a strong Prought corn back up to as much

Business developments in the, to 50 cents higher basis. majn favored the bullish element. | on, Most major lines continued to bulk good to prime native spring

: | Crude oil output set a new rec- $32 to small killers of a point in the Dow-Jones aver-',.4 high and the output of | with the practical

were,

as 215 cents a bushel above last

Compared to Friday last week, Week's close. Wheat Slips

top at $32. Aoarly in the week in sympathy

petroleum products was near the few closely sorted were $32.25. fail- 2157 Atherton North Dry 242 N.| nearly four full points. Utilities Rd Coal output and construc-| {with corn and Becalise ut the

Week's Feature lure of frost to develop in Canada The feature of the week's trade 25 well as the better harvesting

was the fact that the average sell- Weather in our own Northwest. |

ing Drice vi staushies sees Te 1 flected ‘professional buy- Illinois St. Steel production again rose to to $37.28, another new high. All largely re pri Illinois and 1810 8. Belmont row although the weekly total nm... oh two a Bet tons | grades of cattle brought steady to Ing and short covering and in-|pye, : ¥ Car loadings rose on the we uj her prices this week. _seasonal/POt going to be panicked into buy-| ypien set a new h since gs ek) when Ing—regardless of Washington's) gh ; Bus-

Dun

the wonderful Bruce Way

wheat |

Later steadiness in

lcreased export and domestic de-| Prime steers finished mostly 50 mand. !

ijbut were moderately under last cents higher, but kind grading) Action in oats was largely ‘choice { early advance and wound up in corn and wheat throughout the | mainly steady.

and below lost most dominated by what was going on

Heifers in very week.

{Favorable weather for ripening.

fed steers fect on the new crop soybean de-

jdozen loads prime 1110 to 1357 with which buyers were obtaining Bank figures revealed a POUDNds weight at $40.25 and beans for shipment was a factor ing $40.35. Most choice to low prime in. shipping sentiment. i steers sold at $3550 to $38.75. Beans managed to close the

inti, cites Sha co ab i imate, oe smi

»CUMBER |

tN : WW) Svperion /VIILLWORK

IERIE L IU

30th

1560 MASS. AVE.

Unexcelled Through

A HOME 80 Years of Manufacturing Experience MILLWORK OF DISTINCTION

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Wiite River Parkwoy Between Kentucky and Oliver

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7ist St. for Wilbur L. Walker. The home has six rooms, including | three bedrooms and 11/, acres of property. Purchasers were Robert Barnes and wife. 3

Grain Market Is Firm

{slaughter lambs went at $31 to Wh d the! . | Wheat in general followe e and ‘shippers ; ...4 of corn and “worked lower Haverford Ave, 1318 Albany St.

Co. sold this home at 5005 W, |

Declines bis BL 2

Inois,

{with the exceptibn of the Septem- * : .ber delivery _ which * was off as. tonvection.

h eat COnVECtD

SUNDAY, SEPT. 23, 1951 Chicago Areca : of BR» Jigs Building Off : ‘' ‘CHICAGO, Sept. 22—The Chie cago area construction contracts “in August totaled $189.87 million or 49 per cent above July but 1 iper cent lower than August 1950,

iit was reported today by the F. W, {Dodge Corp.

The total for eight months of

"11951 was $1.15 ®illion or 1 per cent above the figure for 1950 in mortherm IlliIowa, northern Michigan, {Wisconsin (except northwest) and Indiana.

corresponding

Non-residential awards of $91.1

{million In August were 115 per |eent greater than July and 21 per - cent more than August last year,

Residential contracts at $70.8 mil{lion were 19 per cent above July {but 28 per cent less than August 11050.

| ene tn . (Heating for Children

Many modern schools use con-

r-radiators also are popu~

ruled unchanged to 2% cents af In contemporary homes, for |bushel higher; corn 1% lower to they are unobtrusive as well as

{235 higher; oats % to % fold rye 4 to 1 lower; new rye! {% lower to 1% higher; soybeans {15% Tower to 1 higher; lard unchanged to 78 points a pound ‘higher. ;

Ed Martin Co. : ‘Sales $150,000

i $ i |

{ Kleven sales worth a total of {$150,000 were made by the Ed Martin. Co, Realtors, during {August, Mr. Martin announced {this week. The sales:

Lot at 57th St. and

(Beech Grove), 1602 E. 46th St. |

Rainbow (Indian Lake), 5331 Washington Bivd.; co-operating broker, Bruce Savage Co., 27 Meridian Lane, 5315 Guilford Ave.’ 1115 N. Emerson Ave. 3110 N.

Lo $

“ogy

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‘area. Com

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of the foll unnecessar, Don’t ‘le house cont: Keep pro termites Clay tile fi insects, are coastal ar and regior heavy. Eliminate property, | originate o To locate beneath th in suspicio Put turn: between si prevent tei near the's reach WOOC

38 1

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