Indianapolis Times, Indianapolis, Marion County, 18 November 1951 — Page 44

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SUNDAY, NOV. 18, 1951

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ais THE INDIANAPOLIS TIMES Se

$250,000 IN NEW RENTAL UMNITS—These 24 units, complete with all utilities, should be started by Sam and Louis Wides in the 4400 block of Indianola Ave. in

the next 100 deys. Rents will be up to the rent board.

Wides Will Build 24 Rental {Jpeyen Prices Le

Apartments in 90 Days

Sam Wides of the Wides Construction Co. announced yesterday that he is ready to go ahead with the second half of his courtapartmént development at 4400 Indianola Ave. The ground-level apartments will be two-bedroom, with one master, a living room 13 by 18, complete kitchen with breakfast bar, and.ample closet space. The community will be provided with all utilities which are already in. And the construction will avoid the use of critical ma-

terials. Masonry, Mr. Wides said, will replace steel. The project wil cover about four acres and will extend the ‘development started by Mr. |Wides about three years ago. It is adjacent to Marcy Village. 8am Wides is president of the company, his brother Louis, is secretary, and Jack C. Kammins is counsel. The president said there would be no work stoppage due to the shortage nf materials. “We have them all bought,” he added.

Corn Upsurge Leads Grains to Seasonal Highs

By United Press : ] CHICAGO, Nov, 17 — Surging| upward to highest levels in several years, corn this week led] grains in an upswing which sent many of the contracts to new highs for the season on the Board of Trade. . Strengthening factors in the éorn market, which rose as much 6 cents above the previous k's level, included continued light producer selling and bad weather for harvesting.

: Another aid was export business with the United Kingdom and expected heavy sales to Austria. Exdealers reported that Ausstria had requested offerings involving six cargoes of U. S. corn to be purchased early next week.

Exports Help Wheat

The wheat market generally held an upward trend throughout the week on export sales. Germany, the United Kingdom, Irejand and Mexico were buyers of U. 8S. wheat during the week. According to some estimates, sales

Cattle Prices Slip; Hogs, Sheep Gal

By United Press CHICAGO, Nov. 17—Livestock

to Mexico involved around seven million bushels-of wheat. There was also some buying on Friday after the Canadian crop report was released which placed wheat production 17000000 bushe!s under previous estimates. In the oats market all contracts with the exception of December moved well into new high seasonal ground this week as the market tended to reflect largely the upward swing in corn,

Rye Market Firm

Most of the action in rye here was stimulated by the action of wheat and the Winnipeg rve market which was generally firm to strong. At the end of the week all contracts were selling over $2 a bushel. Soybean prices compared with a week ago were mixed as was trade throughout the week. During the past two days of trade the bean market's only strength was gained from the action of the grains. Earlier soybeans moved up of their own accord on a scarcity of offerings. Compared to a week ago, wheat ruled«2% to 3's cents a bushel higher; corn, 5 to 6 higher; oats, 13; to 2% higher; old rye. I higher; new rye, 5 to 3% higher; soybeans, 1! lower to % high-

ler; lard, 18 to 135 points a hun{dred pounds higher.’

Lard shared in the general upturn of commodtiies with the

markets were mixed this week November contract showing inde-

with cattle prices losing gro and sheep and hogs gaining. Hog prices finished 35 to 50 cents

nigher. ““well finished choice 200-270 ibs. butcners comprised the bulk of receipts and solid within a narrdw price spread. The week's top was 18.10 paid for. choice ligheWoguls at the week-end, Most clivsce 150-280 Ibs, barrows and pais Closed at »1¥.50-318.65 with wu lbs. weignts at §1% and 160 Ws. weights at 317.75-$18. ,+he snarp reduction in receipts bota locally and around the marKet circuit was tne main factor «fading to higher prices this week tf toe sneep market on good to pfime lambs and yearlings. Good 9 prime lambs along with year8 Of comparable grade wound dp che week on a $1 to $1.50 higher basis. o Lambs $30-831.50 Compared to Friday last week, ¢Iosing owik good to prime lambs sold at $30-851.50, the latter price including loadlots choice and prime fed snorn and wooled lambs as well as scattered lots natives. Un Monday s semi-holiday market slaughter steers and heifers sold full steady to 50 cents higher but starting with Tuesday the trend was in the other direction. Finally, fed steers grading average cnoice and better wound up sieady to 50 cents lower compared | with jast week's close with other grades off 50 cents to $1.

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On Wall Street

NEW YORK, Nov. 17 (UP) Trading on the Stock Exchange this week fell to around the lightest level in two years for a § holiday week. Dealings in the fd] sessions averaged a mere 1,180,000 shares daily. This dullness was seen as i highly favorabie omen. for the bulls, since it indicated no heavy liquidation immediately overhanging the market . The week begah on Armistice Day, a holiday for financial marand ended with a sleepy eved group today after the New York Financial Writers’ Association annual show--the Financial

Kets

Follies ~Staged last night. GARFIELD PARK—Studebaker Realty sold this 5!/;-room Prices ved irregularly oi Tao. Joye Wi a es, home at 1040 N. Garfield Drive recently for Mrs. Olga Wahl Ake. made an irregular gain on Thurs- The new owner is James Blake. The modern frame bungalow has

day and were irregular again on hot air furnace heat.

Friday.

Rail Isspes Gain

Railroad issues made some Shortages Shove Building Down

fair-sized gains after Southern Restrictions and material short- thirds of the 1950 record level, the Pacific unexpectedly declared an ages bit into private building and bureau said. extra dividend. Santa Fe and At- puplie works slightly during Sep- Commercial building dropped in lantic Coast line were among the tamper the Bureau of Labo: September, as the month's work star performers of the group. gtatistics reported this week. consisted largely of completions : ey recorded mata) value of September con due to the Controlled Materials gains. Utilities held to a narrow gi. tion was $2.8 billion. 1 per Plan taking effect. range but enough dipped to bring ..n; ;nder the previous month and New construction for the year 2 Ik oss mn 1jelr Borage Jn September of 1950. is up 10 per cent over the corEe a es yer Private home building seemed responding period for a year ago, : p so Bunions to have stabilized at about two despite a sharp decline in private

nearly all of which

average. h i po ; Sk : : reenter eree Stei e - - home building, the report showed. The oils_ were irregular with cluded favorable earnings and ria % a Superior Oil . of California “

UP dividend re ts. ins several points and Texas Pacific end hte ln ian Not Good Enough : land Trust down several. - The fel] when an extra was declared. The Masonic Building in Weymain oil section held to a nar- The trading element had antici- mouth, Mass. criginally a church 2 ht area with Standard Oil pated a higher extra and other was built of beams cut for the ‘IN. J.) a firm spot. A sale of frills for the stock including a U. S. Frigate Constitution, but re35,000 shares in Standard Oil gplitup which didn't come. : of Ohio enlivened the market for aamm——— x a few minutes on Friday. Stir in Building Building were given a whirl when building price ceilings were raised. Some of the group gained three points. or better Chemicals were irregular. Some further demand was noted for the metals. Tire issues were easier on the week. Television stocks got into action for a time and were among the features in the market on Wednesday, Special items helped individual stocks and in some {instances brought them down. These in-

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