Indianapolis Times, Indianapolis, Marion County, 11 November 1951 — Page 50

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Business Outlook— Atlanta Grows With the South

By J. A. Livingston ATLANTA, Nov. 10—All of the South’s postwar growing pains can be visualized here. Atlanta is bursting its britches. Peachtree Street cannot handle the traffic. At rush hours, cars crawl. Motorists yearn for the completion

of the north-south express road) now under construction. | Georgia, there are 70 white perAround the city, new plants, | sons to every 30 Negroes. ‘ warehouses, and shopping centersf The shift is the result of two Have sprung up, multiplying con-|forces: In-migration of white Boon and commercial activity. families from the North and Mills B. Lane Jr., president of/East, as industries moved here. the Citizens & Southern National/Out-migration of Negroes, seekBank, showed me airplane photosiing wider economic opportunity & these ost-war establishments in such northern industrial cities ust to run throug collec-as Detroit, Chicago, New York, tion hurriedly took half an hour. Philadelphia, etc. All this has wider application, The over-all effect has been to since Atlantans are fond of say-/leave in the South a greater proing, “As the South goes, so goes portion of persons within reach Atlanta.” lof higher incomes, since the The Southern Bell Telephone & Negro is confined by social stricRelagrap) Co. Puls what has hap-{ruies 8 io lowes income oe th n ocus. The company is| g same r e fying hard to expand its facili- proportion of the re ontibio, ties fast enough to meet demand. dropped from 58 per cent in 1920 It serves 17 per cent of the na-to 33 per cent today—a clear tion’s population, yet ‘has on or-/indication of the reduced deder 30 per cent of all telephones pendence of people on agriculture. for the entire Bell System. And, Income Sources Change those orders are on top of an in-| Here's the picture Heyman has Crease of nearly 100 per cent in built up: Thirty years ago, about telephones since the war as com-|35 per cent of the Southern inpared with a national increase come came from farming. Today of 65 per cent. that’s down to about 14 per cent. Telephone Symbolic |And, agriculture is more diversi-

'iThe telephone symbolizes the fied. Manufacturing payrolls a ¢¢onomic resurgence of the South, Seneration ago accounted for

Demand for a telephone rises/ORlY about 13 per cent of the in-\gymmer ran freely to finally sell statements and a few produced made the best gains of the week. Plastic fixtures should bring a

with income. It is not a poor |COme. Today they're up to about man’s convenience. And as in- 19 per cent. Thus, industry is comes of more and more South-/more important than agriculture. erners rise above subsistence lev.| Finally, income from trade,

| SUBURBAN RANCHO-—Thfee bedrooms, two baths, a fully modern kitchen and a marble fire-

| place feature this new home at 5668 N. Illinois St., sold recently for | & Reilly Co. New owner is O. M. Jones. :

Livestock Prices Hit Low Levels

By United Press NEW YORK, Nov. 10—Stocks _|gained during the past week, thanks to a vigorous rally on Friday. CHICA, eo 0-00 afr ug picked vp on thal ’ . y WwW e a ersharply expanded supply of live-| ous ae cotton where the |stock this week, prices broke to|jaw of supply and demand oper{some of the lowest levels since| ated with vigor. Prices of cotton |last December. Butcher hogs and soared as the government Ee hg douse sharply cut its estimate of the o i. . cr Closing bulk choice 180 to 270 Docks fluctuated through pound butchers sold at $18 toinarrow arcs earlier in the week. 15. oven loads Chole Thé market closed for election mos 0. day and on that day Winston pound weights brought $18.25 to a a released ay message, $18.50. Sows 400 pounds and calling for denationalization of under were $15.75 to $17 with 3 steel and later asked for a new few lightweights at $17.25. Mors [program of government economy 400 to 500 pound sows Were nto get Britain over a tight spot. a Yoo, AT en . . {the election res an e Receipts locally on the sheep Churchill speech into stride. market were largest since Jan-| There were few other things in uary. Native lambs and Texas|the news although some comyearlings laid in last spring and panies issued favorable earnings

{well below cost prices. Good to higher dividend payments. The |prime slaughter lambs closed $1|market reacted favorably to the {to $1.50 lower with cull and util-{favorable reports and fell in lity kinds losing $1.50 to $2.50./spots as the news turned against

¢ls, Southern Bell gets business. Service, finance, property and gov-|Fed yearlings were $2 to $3 this or that issue.

Ple 32 t f the total against 51 per ‘No longer is this the lan 9 r 38 cotton, cultivated by the na of cent. An important factor here

ernment constitutes 67 per cent ower. Negligible Eastern shipper

Up on Friday

demand was a bearish influence The list moved up a few cents

also

Stocks Gain for Week

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Colorful Bathing—

°

Faced with the prospect of a 1952 shortage of bath tubs and other plumbing fixtures and accessories, home buildérs aren't just complaining, or bleating their troubles to the world. They're seaching for an answer; looking for new materials with which to replace those being pumped into the defense program. Just back from a national confab at Atlantic City, N. J, builder “ . {Albert Thompson revealed that builder Lawrence Eaton by Fieber- |), National Association of Home Builders has appointed an expert to head the search, “This man will direct a search for new materials which builders

swamped the specialists and it may use in place of copper #&nd

brass, or whatever other mawas Becsssary 10 suspend the je terials become scarce,” Mr. bunched. The stock was at 1113 | Thompson said. : when it was suspended, A pew Plastic May Be Answer minutes later it reopened on Displayed at the convention shares at 108. It closed the day |. Ee developed and imat 106%, off 2 points 05 tle day proved plastic plumbing fixtures aq off 6 points from the T's which had been greatly improved nn og subsequently gine the war era, Mr. Thompson ings. added. Ralls Strong All new products and mahe te a the. week 800d terials unearthed In the NAHB heartened some of the bullish search will be sent through comtraders. Car loadings fell off on Plete "laboratory testing prothe week, however, and were Srams and the cream of the lower than a year ago. October crop will be introduced and recrailroad results are expected to/ommended next January at the make a good showing, according annual builders’ conference in to Wall Street, and this helped Chicago.

New Bathroom Fixtures . May Be of Plastic

Soybeans Lead Grain Market

By United Press CHICAGO, Nov. 10—Led by the soybean market in which sharp gains - were registered, grains turned upward this week on the Board of Trade, . The general buying in soybeans in the latter part of the week which spilled over into grains was largely inspired by a bulge in the cotton market. Cotton market quotations rose sharply after the issuance of the government crop estimate which showed a drastic reduction in estimated production in cotton from a month ago. The report lowered production more than 1,100,000 bales. The corn market advanced throughout the week although other grains had minor setbacks, Cold weather over all the belt encouraged buying as demand was ‘ based on the theory that the said lots of saran (plastic made bicin oBg Ro in he Sone of sea water) tubing was being farms. There was Sa ving in

r tubing b Ue ip hare bid > aT oy torn against export sales to Aus[tria. Exporters Buy

refrigerators, “Actually saran is better than Exporters also bought wheat this week against sales to the

the copper,” he said. “It has a

longer life and is far less affected United Kingdom and Po

by strong acids and alkali. It sells cheaper than copper tubing| Traders Were Hopelul of inreased

and slightly more than iron pipe.” strike in the East has ended.

Other plastic firms, he added,| Tyne oats market was strong were experimenting with various) py. week on word from Winnipeg plastics to develop bath tubs and| ¢ {he scarcity of fresh market-

the group. Standard & Poor's es-| «1 think we're going to find|other plumbing fixtures and ings and more attention was be[timates that the fa) yeu wii some real improvements over fittings. ing paid to recent reports of large show a net income for all roads, ...o,t gay materials,” Mr.| amounts of oats remaining uncut

| | 25,000,000 which would be “ Jat, jean or the '$783.377.000 re. Thompson sald. “Right now in ported for 1950. ii |California, home builders are us-|

| Oil shares, sulphurs and metals|ing plastic for ags pipe. And

Crucible Steel, Goodrich, Texas lot of color into the home.” Gulf Sulphur, Anaconda, and| Tightest materials in the picChrysler were strong spots in|ture are brass and copper. Brass their respective departments. |for plumbing fixtures and copper McIntyre Porcupine got a lift for tubing and wiring. late in the week on recurring rumors of a price rise for gold Bathroom Glamour which ‘met no confirmation in| Other metals have been used

in the western provinces. All oat {deliveries made new high marks ion the crop.

Construction Jobs

Are Higher Than '50 | Rye this week was inclined to

NEW YORK, Nov. 3 (UP)— follow other grains and alse Construction contracts awarded stre in the Winnipeg rye in the 37 states east of the Rock- Streagth pe ies reached $12,533,605 in the first All Close Higher 3 Hing Months of IOS r he increase Compared to Friday a week of 13 per cent over the compara- ,o, wheat ruled 25% to 43% cents ble 1950 figure, F. W. Dodge 5 phyushel higher! corn 6 to 7% Corp. revealed today. higher; 214 to 6% higher; old rye

Top of $31.50

on Monday, fell on Wednesday,

The latest figure which moved 31. higher; new rye 3% to 4%

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By DE. The litt an.uld apps vader bloc equally att wood siding The prot: built in pla and the ou to the att: terior. Onl with basem be very re; yet it prov fent living The fron into the lar dining are: place, corr and the fac most 30 fee! to be part o Both bed: ture windov closets wit} one entire venient to : too. -

The Kkitct agree, has and cupboa house we h while. This woman whi art and wh

cropper with his hand plow and > come from government—fed- firmed on Thursday and ran up|80Y quarter. for plumbing fixtures—but they tn, , : Iwo ocal — | p : e year's huge total closer to higher: soybeans 515 to 10 higher; him is hu Ble, Sou farm- which ee ae Ech one} Compared to Friday last week, substantially—best since Aug. 2— Texas Pacific Down | don't have the glisten-glamour. 1950's standing peak total of §14.5 heh 5 oy 40 points 2 hundred on the versified and has taken cipitately. {the early top on fed wooled lambs on Friday. Texas Pacific Land Trust, a ro- Engineers are now working on|million occurred despite a de- pounds higher. aspect of a business, like \was $31.50 with fed Western No.| An example of the sensitive re- (bust feature a week ago, ran into aluminum as a replacement for|cline from a year ago of 14 per Snowstorms, a higher hog mar-

area, The base: tire house a

farming The over-all inference is this: aD ne Midwest. The|; cater economic stability, More|l Skins selling at $31.25. Closing|sponse of the market to individual [profit-taking that knocked it/copper electrical wiring and ft/cent in August and 16 per cent ket and firmness in vegetable oils for laundry id 3 ] the Eethanical cotton i, that, the recent industrial{toP on both wgoled and shorn news items came in the last hour down to 150 which is more than| shows good possibilities. in September, 1951, the construc- led to a moderate demand in the and storage supplements Porn 3 tvestock | evelopment of the South implies lambs was $30 with bulk good tojon Friday. It was in Cities Serv- 30 points under its recent high. It| Plastics pop up again as a tion news and marketing special- lard futures market early in the ; This little an tobacco), ncealed competitive strength. Prime kinds going at $29 to $30 ice stock. The issue had risen regained more than 10 points be-|replacement for the scarce copper |ists said. week. popular in

3s a source of cash income. to 112%, up 4 points when the fore the end of the week. |tubing. country an

* Moreover, Northen and Mid. The South’s plants are new plants. [and culls at $15 to $22.

western corporations, seeking to! Suppose, after the defense

| Early top on fed yearlings was company declared a dividend of BEY op y ge '$1 extra and $1 regular. Those

Utilities moved along on an, Don Lamb, sales manager of even keel with a slight edge on the Hyaline Corp. of Indianapolis,

complete bt

specification

Be near an expan lbulge, American corporations $29.50 but comparable kinds sold ! Rave looked with AE Te ent to eliminate obsolete facil- later at $28.50. Closing trade see- {Were | ing smaller than had been sue upside, Ther average i : A Hw on cities like A lities and concentrate production|ing good yearlings with choice 10 . {v an eapon Nashville, al ga Joobls in new ones. The South won’tend at $26. Liberal supply year-| Immediately the selling orders set recently. Somewhat better de- ey es po

etc, as sites for factories and SUer- mand appeared in the mercantile (UP) — warehouses |

SL 8 {4 1 1 d NL ERIOR /VIILLWORK

BURNET-BINFORD LUMBER CO

er - r $24 ¢ | i Higher-cost, older fac-|lings during week, $24 to $28./, = icc and prime heifers iscues late in the week, reflecting James Walton, 25, was fined $50

{tories the N i 25 | tories in the North and Midwest Choice handy ewes reached $15.25 $33.50 to $37.75. Commercial (tavorable retail ‘trade reports, for “armed” assault of a patrol-

: Y \will be abandoned or temporarily| k cull to good Were This industrialization emanci.| PORIY wdyly but lale bull s 800 to low choice grades $28 to $33.25. Trade this week for the nation as man who was arresting his broth-

Exceec

pates the South closed. In that case, the South's kinds were $10 to $13 with few | | Roosevelt, a rom Bs Peo. |share of America’s industrial out-|choice ewes about $14 and light /Load light utility dey Steals aia whole was 2 to 6 per cent above er on a reckless driving charge. fiomic behavior wh {put will rise. For that there’s a canners $10 and down. |heifers n . the level of a year ago, according Walton's weapon — his artificial’ EERE: [email protected] TORY NEES TAlbot 3315 : When income was lcows closed at $25.50 to $28.50.! | - LE A A total of tied intractably to the ups ang Spectacular precedent: Cotton ito Dun & Bradstreet. arm. | — he a downs of cotton, tobac textiles! Heavy Beef Tonnage [High commercial young cows —— - | 900 were ref ? , tobacco, weather | {early were $30. Utility cows late meas == § Associated and the boll weevil. | : Beef tonnage loomed large and were $2¢ and down. Late bulk Willis Ada . Population Shifts Producers Council prices worked unevenly lower |. nners and cutters $15.50 to nounced. * Industrializa i with cows nit the hardest. Sla 1819.50. Shelly light canners down i YL i) The sales ; : tion has brought Dance Tomorrow ter steers and yearlings declined 14 e sales Population shifts. In 1920, there! Imostly 50 to 75 cents with some| ©, 314: Gregory 4 were 62 white io ev | The seventh annual November | Most utility to good bulls $26.50 i 23d St 5 persons to every 38, {late sales off more. Choice and| Negroes. Today, accordin Fellowship Dinner of the Indiana’ to $30.50 but closing sales were - RM Rnight R. , according to a| > prime heifers held about steady! 29. Co 5 study by Joseph K. He {Chapter of the Producers’ Coun-| 1$25.50 to $29. mmercial to art St. and | president in charge of econon|Cll Will be held at 5:45 p. m. Dut other grades declined 50 centsiprime vealers $28 to $38, with Edgar E. research of the Trust Compan ¢ | tomorrow at the Indianapolis °F more. Cows broke $1 to $2.50.| bulk cull and utility kinds at win E ao uPANY Of | tp 1etie Club. | Compared to Friday a week ago, $19 to $27. Light culls down to 3 oN Ave : » | More than 200 architects, en- three loads high prime 1125-1275 $15. Several loads good and i Rossivn AV $ 0 'gineers and contractors from pounds fed steers brought $39.90./choice 375 to 435 pounds Mon- : Hall-Hott. . 00 0 0 [throughout the state are expected Modest supply prime steers were tana mixed steer and heifer ye 3 | AW . 9 7 to attend. $39.25 to $39.75 with bulk prime stock calves $38 to $39.50. Good, E= & <y S » 4 Te: R Va | The dinner is sponsored an- grades at $37.50 to $39. Choice and choice feeding steers and| BEES eC] a St 3 ge To Lo F {nually by the Producers’ Council, and low prime steers were largely yearlings $32.50 to $37.75. Choice EER JQ% (2 #5. oe — OV. CiOs an or {a national organization of manu-/$34.50 to $37.25. Good to low 850 pounds Colorados $36.50. HM 7) m= \ - eC oan a pe |tacturers of building materials choice $32 to $34.25. Commercial Medium to low good replacement; Hi FC ’'}Y Nl Ww RE : Jang equipment. Clarence J. to low good $28.50 to $31.50. Sievls SIN to = Four loads| ht 8 SR w an i aa Woerner, district sales manager] Load prime 1101 pounds fed 8 75-poun ontana feeding Sad — eign 8 GU AR ANTEE s. YTAQ Remodeling [for Truscon Steel Co., is head of heifers brought $38.50 and a few heifers $32.50. ; fe Ave, 1793 3 a {the Indiana Chapter. loads prime heifers sold at $38. Place at Wa Repairing |[—— * JORDAN BROS. THAT YOU'LL SAVE AT LEAST | el 333 W. WASH. ST. 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