Indianapolis Times, Indianapolis, Marion County, 30 September 1951 — Page 40

about whether the cost of liv , will rise or fall, whether Pe. about. $58 billion by the snd of | 3

: Business Outlook :

Arms Race Is the Key

By J. A. Livingston

The one fact everybody knows about the future of business and prices is that the United States is in an arms "ace with Russia. Yet, when you've said that, you've really said: very little

{

whether department store sales auction will taper downward,

will pick up,

irop in agricultural prices is just; 1 seasonal development to be or

pected at harvest time.

Defense plans dominate the,

sutiook. But will defense run acsording to plan? That's crucial] We know that expenditures have| fallen far behind schedule since] Korea.

In uly. Defense Mobilizer Wily bon steel” exceeded supply by 52 owner of {per cent, Why, the country does| than 4000 miles from Indianapolis to the Alaska oro, It is believed to be the

son noted a 20 per cent lag be-|

tween plan.and performance. Con-|

Iracts were let much later than anticipated. Machine tools were not delivered on time. And, as a) corollary, shortages of civilian goods—and renewed inflation— did not develop. The nation has been in an inflation and business tull for nearly nine months,

Changes—Downward

The lag is likely to persist. An] armament race here means something quite different from what] it means in Russia. To be ready for war, Stalin has to have - planes, tanks, guns, and ammunition in a stockpile. He does#t have vast plant capacity to keep ‘pace with battlefield attrition. In this country, stockpiling of war equipment has not been the objective at all. The plan of former Secretary of Defense Marshall was to build wp a

Shion at an annual rate of $42 won't reach the expected on rate by mid-1953. The

or whether the recent | reaching an estimated stabiliza-|

tion level of, around $40

billion,

say,

{near right, then: Defense won’t chew up as much | |steel, copper, or aluminum as the {armed forces are now demanding. | Procurement officials usually] joveranticipate requirements. The, fourth quarter requesfs for car-|

not have enough plants to chew| up that much steel!

‘Lower Deficits

New plant expansion, now be{ing so vigorously pushed, may not} reach the $25 billion-a-year mag-| {nitude projected by businessmen, themselves, If defense orders are reduced, businessmen will see less need for plant, The inflationary pressures of ithe defense program may be overjestimated—not only ‘in. terms of | {projected shortages, but aiso in| terms of estimated federal deficits. If: the spending peak is lower and later, the deficits likewise will be lower and later. This forecast, itself, is an assumption. It assumes that the Reds have learned that Americans can and will fight, that Stalin Is not ready for a world war, and that, therefor, an abatement of international tension is ahead. But if Russia makes a more forceful military move in Korea, or Yugoslavia, or somewhere else, then the curve of U. 8. expenditures would shoot up fast. We'd

vilian cutbacks, tighter price and ‘control, a much higher annual rate of military expenditures than is now contemplated, and, of course, another round of inflation.

Planning to Build? Get Free Booklet

| If this. forecast is snywhere

The

get all-out conversion, “sharp ci-|}

If you are planning to build, in-|4

here from

plant vice

| sale on record.

MUSH, MUSH—No dog feam was needed as driver Sigurd Olsen the Juneau Transit System, accept deliv

Charles Grey Mio ht). The new

of a new Marmon-

North Side Sales Utilities Set a New High, Best i in Last 20 Years

By ELMER C. WALZER [ticipation the monetary fund

Total $712.35 in 50 Parcels

Associated North Side Realtors last week reported a total of 50 sales worth $712,350, chairman Willis Adams an-

Harry L. Robbins Realty—Lot, 8500 N, Pennsylvania St. Fieber & Reilly—4238 Crittenden Ave, 211 E. 37th St, 5864 Carrollton Ave. Edgar Brodbeck—47168 Rosslyn Ave., 2530 N. Talbot Ave. Walt Veon Co.—71% Acres at

formation on selection, instailation and of oak floors ican be of considerable help. A free booklet on the subject can be obtained by writing a postcard to the Oak Kiooring Information

Service, 221 N. LaSalle 8t., Chipotential [C289 1, Ni. Titled “Oak Floors ny for Your Home” the booklet also contains tips on proper routin care of oak floors.

Ford Woods & Co.—1618-20 N. Tacoma Ave. Hall-Hottel Co.—5174 Atherton N. Dr., 3110 N. Keystone Ave.

Yigh may | be lower and later—say

day, October 1, larger quarters building.

State Life In this new location

Will be open for business Mon-

equipped to serve your promptly and efficiently in connection with your home financing needs.

We extend o cordial invitation to off our © friends to visit us ond inspect our mew home. Office hous are 830 A M. % 300. Mt Mando Samth $id, std

Your ot ren th

organization,

in our new ond Jin the same

Building

we will be better

Suliding Perr, Se Ue

Bruce Savage Co.—8686 Alllsonville Rd., co-operating broker Evans-Bromert Co., 601 E, 86th St., 18 N. Sheridan Ave. The Spann Co, Inc—39 BE. 39th St.

Batterw orth & Co.—3916 Sher-|ish argument was a falling off in| °F: MCGraw-Hill publication. man Tr

co-operating broker, Knight Realty Co. Hugh Teeters Co.—east 1 lot, | Northern Hills, 6109 Haverford | Ave, 2102 N. Kessler Blvd. Alfred Campbell— 2852-54 Washington Blvd. Gerdenich Co.—trade 7200 Lakeside and 561 E. Washington t. : John Max Realty—8181 Norwaldo Ave. co-operative broker Charles Binkley. . Uptown Realty Co.—1335 Ran- .» lots 8, 11 and 12 Wood-

Graves— 4233 Cor-

M, ve, 3423 Grant Ave,

Power-full

has begun on a 25-year project in the Kosciusko area of the Australian Alps to provide water power from melting snow,

reports

| | ! { 1 i

Lowe Mauston

Electrical World, Me-/q |Graw-Hill publication.

| KIDS TRACK UP FLOORS

United Press Financial Editor NEW YORK, Sept. 20--Utility {stocks set a new high this week] for more than 20 years while

jother major departments sagged slightly. Degpand for the utilities was a slow, steady one.- It came after the group sagged on Monday and continued in each of the remaining sessions.

Utilities have. been reporting favorable earnings and they are relatively tax sheltered compared with many other groups. Also demand for power .is steadily rising and vast expansion programs are contemplated. The utility average closed the week at 45.67, up 0.32 point from last week's close and a new high since Sept. 18, 1931. The Industrial component was down 095 point at 271.18 and the rail, down 0.58 at 84.76. There was nothing in the news to account for the small setback in the two leading groups. It reflected moderate profit-taking by cautious investors. Meantime, more attention was

market. Several of the experts anticipated more of the same kind of buying and predicted the general market henceforth = might well make a better showing than the averages which are made up

would lift its ban on premium ‘gold sales. Crystal Oil R {nished the firework: the curb exchange. The a the week at 127% wup 9% points and the preferred on which there are! dividend arrears of $149 closed

g issues fur-

inspired by news of an oil well]

holdings. Out of the 1381 issues traded on the market for the week, 712 declined and 180 held unchanged, while 489 gained.

News Favorable

Business news was regarded as favorable, Construction awards ran up sharply on industrial expansion projects. The total was the highest for any week since July 12 at $335 million. It was 44 per cent above the previous week and 37 per cont higher than al

year ago. Automobile output had a sharp decline because of material shortages, inventory difficulties and completion of third quarter authorizations. Ward's Automotive Reports, in giving the weekly auto estimate, predicted a 10 per cent! rise in October output compared with September. Aside from auto and construction, the weekly statistics held around the previous week, Crude oil output set a new high. Coal rose moderately. Electricity output declined.

Truckers Busy

About one-third of all purchases from an average large department

of blue chips. Another favorable item in bull-|

volume when the upside met re-| | sistance. Sales for the week |averaged 1,566,720 shares daily for the five sessions, contrasted {with a daily average of more than |2 million shares in the two pre{ceding weeks.

A disappointment was experi- | enced in bullish ranks when the rails failed to live up to expectations. They rose on Monday and, declined In each of the four sucsessions. Sonre of the | high-priced issues made wide gains. | Nickel Plate was split 5 for 1! during the week. It closed the | week at 43. Alowing for the split-| up, this represents a net loss of | 1% points on the week.

Best Gains | |

HOW MAD FOLKS GET WHEN

WHY DON'T THEY FINISH THEM

Lown Fence, All T, Ommamentel Lamp & Mell Boxes

STATE-WIDE

Have sd bonezdry

an «

Free Exfimate — Easy Torms — Malorials Only or Erecied Visit America’s Finest Display of Fences end Oraomentol fron Coll du beets ou Sultuths

Call TA-2434 - ..=.5.. 1701 E. 38th St.

basemen 5

Grains Are Easy

Soybeans Decline

By United Press

CHICAGO, Sept. 290 (UP)—

Grain markets were mostly easy

to weak at the Board of Trade today with soybeans showing the greatest decline, Early declines in soybeans futures amounted to 1% to 2% cents a bushel. Houses with commercial connections led the seling and traders were of the opinion that this indicated fair purchases

.jof cash soybeans in the country.

In the final hour beans were gen-

erally off over 2 cents a bushel.

The markets steadied some-

what after an easy opening but after the first hour of trading all cereals were still under the previous close.

Reports of improved weather in

the domestic and Canadian grain: belts and forecasts for fair and warm conditions brought selling

into most cereals as did continued lack of export business. Early declines in corn were 1 to 1% cents a bushel due to scattered commission house selling. Mild weather and mostly clear over the Corn Belt appeared to be the basis for the selling. Buying orders were scarce at the outset

{but on the decline there was. fair (demand. In the last hour losses | were mostly under 1 cent a bushel.

Wheat futures were affected by the action of corn and declined about 14 to 4 cent a bushel in lextremely quiet trade. Oats were also easier with losses of about] 14 to 3§ cent a bushel. The later steadiness in the mar-| ‘ket was mostly due to short covering prior to the weekend. Lard futures followed the

At outside markets, grains held

drilled near the company’s land oqqy to weak undertones.

At the close, wheat ruled 3%

cent & bushel lower to 4 cent higher; corn % to % lower; oats

14 lower to % higher; old rye 3%

lower; new rye % to 13 lower; soybeans 21% to 3% lower; 12 to 23 points a pound lower,

lard

Meetings

The American Foundrymen’s Society, Inc., meets for dinner at 6:30 p. m. Monday at the Athenaeum. Guest speaker 8. C, Massari, technical director of the

group, will present a color film

“Fluid Flow in Transparent

Molds IL”

The Indianapolis chapter of the

Society of Industrial Packaging {and Materials Handling Engineers has a dinner meeting at 6 p. m., Oct. 25, at the Athenaeum. Three sound films, spoasored by the Owens Illinois Glass Co. will be, (presented.

Three-Day Park

A dozen earth moving contrac-

tors and coal strippers put their equipment to work on a recrea store are delivered by truck, as tional site for Bluefield, W. Va. are almost 40 per cent of foodsifor free, The $75,000 job was purchased from the average in-/completed im three days, says! {dependent grocer, says Fleet Own-| Constayction Methods and Equip-, ment, McGraw-Hill publication,

tron Porch Rail ond Columme

Nothing is as good as STADRI for stopping water and beautifying masonry, STADRI is the inorganic mineral coating for all masonry, that stays white when wet, is not subject to” weather-wear, or- > gamit deterioration, disinteBR gration, rubbing off or flaking and is stome-like in resisting erosion.

Newcomers to the masonry Faterproofing field say “sew”, “never before” and make claims that

SUBURBAN—Sold Co., this home at 233 S, First 5b, Roy L. Horner and wife.

SEPT. 30, 1051

The five-room home is fully landscaped.

Cattle, Sheep

By United Press ' CHICAGO, Sept, 20—Cattle and

sheep encountered a moderately lowered market this week while hog prices reached new September

high levels in a series of strong to higher markets. Receipts comprised mainly butchers weighing 180 to 270 pounds with very little offered outside that weight range, The week's top of $21.60 was paid Friday for choice 220 to 260-pound weights. Most choice 190.to 280

{pound butchers closed the week

lat $21.35 to $21.80. A few 150 fo {180 pounds went at $20 to $21.35. iSows 400 pounds and under were ($18.50 to $20.50; 400 to 500-pound

[at 130 up 50 points. Demand was oraing today on an easy market. (weights sold at $17.75 to $18.75

with a few heavier sows down to/ $17. | In the week's initial session native spring slaughter lambs!

the market slowed up appreciably. The result was that native spring slaughter lambs closed the week mostly 50 cents lower, Good | to prime yearlings were mostly! steady but other yearlings were | 50 cents to $1 lower,

Few Reach Top

Compared to Friday last week, only a few closely sorted lambs, {reached the week's $32 top, The, practical top late was $31.50 with!

and prime 114-pound weights went

lings were $25 to $27.25 on 8 feeder account. Double choice

i ¥ i }

{

254 W. WASHINGTON EVES. & SUNDAYS

ile

eRe 1 And

sold steady. After that, however, |

bulk good and choice going at, $30.50 to $31.50. Most utility grade were $26 to $20. Culls were! down to $16 andl below, Bulk good and choice yearlings sold: {at $28 to $29.25. Double choice

at $29.75. Medium and good year-|

Champion Fuel Saver Proved 5 Times Better at Stopping Als ~ Leakage!

3 Choice of Seven Colas vw California Redwood

% Custom-Bullt with Interlock ing Frames. Siormsash ond Screens.

% Written Lifetime Guaramtee

Hog Prices at New Hight

Decline

prime 106-pound fed CaliSerians No. 1 and 2 skins sold at $31, Good and choice slaughter awes were $14 to $16 with cull and utility at $11 to $13.50. Cattle receipts on Monday were the largest in nearly three months and some advantage gained by the held but intensified as: He week progressed. Compared to Friday a week 2g0,- 10 loads prime 1175 to 1300 pounds fed steers brought $40.15 to $40.35 with one load high prime {1259-pound weights at $40.35, Bulk {high choice and prime fed steers {sold at $38.50 to $40. Most choice {grades were $3525 to $38.25. | Good to low choice were largely [$32.50 to $35.

FORD

FENCING—GATE ERECTED COMPLETE

Bh on

EASY MONTHLY PAYMENTS |

| SPIVEY BROS.

PL-1442 SA-1942

AD SAVE:

ODAY HERE TOMORROW!

side then was not only

. %

By DEAN H Thif week's be considered a because of the the fact that t ment, but the architect has ac two built in outd:

‘the picture wind

tractive back pe look. pretentious

The interior is eonvenience anc

- you enter throu

front door you closet on the lef tive shelving a you could put y« knacks on, or yo shelves open for rangement of po The living an show influence and: yet the dinin ly tied in with tl The kitchen p: area is U-shaped tiful corner pictu will make this i place to work in age room, alwaj basement house, dry and heater !

home nowadays :

. The biggest ct of Libbe

for picture wind walls, Now double in bathrooms, ki rooms as well as . This type of gl regarded by so racticable only 1 omes, has been reach of buyers ¢ by a new concep sign and constn #xplained. » " . THE SECRET Seiczment of whichrean consist * dozen units of of the same size glass are fitted

varying sizes, In ing room window

. might use nine

kitchen or bedroo only one or two. installed in fram obtained from nr &perators or can | by the builder hin Builders also 32 economies lie in tion and flexibili windows, said Mr sizes of glass un one for fixed wi other for ventilat » ” THE PANEL § olutionized the pl dows I» bedroom say. Old type di

‘ dows have given

style which are pl feet above the more privacy and for furniture. Ve imptoved, they ! same advantages and bathrooms, With ‘panel wir gible to have any ation from none depending upon t The windows are

All Arc In Hom

Continued Fr

Model Hon A. O. Crandall, The competitio sponsorship of th stitute of Ar ie winner was versity of Penney loyed in the a of Miller & Vryda The Pr J The problem po petition is the ©

layout of a one-s

or ithe basen not