Indianapolis Times, Indianapolis, Marion County, 2 March 1952 — Page 42

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Business Outlook— : ~Worrisome, Slow Sag

. By J. A. Livingston The high-level business lull is turning into a high-level down-turn. Nothing spectacular, .mind you-—nothing like 1929, or '37, or even the mild recession of '49. It's just a slow sag—but worrisome. The symptoms of economic change, are on the increase, like spots on'beyond their means. 80, ton, have) a voungster catching measles. ithe French. - 3» . World prices are beginning. to’ Furope is doubly burdened hy reflect the downdrift. Wool, in/defense. It's using up steel, texAustralia, Is at the lowest level tiles and manpower for military. in a decade. Yet a year ago the requirements. That causes shortUnited States was full of fearsiages of civilian supplies. But Y of a wool shortage. Indian bur- what's worse at least in France lap is alro down. As for world is that the country isn't paying metals—copper, lead and zinc—ifor defense as It goes. Deficit, they're off from their former borrowing from the Bank of perches. : France increases the supply of And, ‘for American symptoms, money. Yet there aren't enough one ane Paper dealer, according goods to go around. 80 prices rise. to .the all Street Journal, now! y wants companies from which he Nothing Worth a Franc collects—to pay him! And some Frenchmen, looking back fo the steel warehouses are reported to Aftermaths of World War 1 and

Farm Prices = /that are now worthless — coins Helcomb Farm prices too are lower, Bo which in the days hefore World p dad much so that the cost-of-living War I were In everyday use for e drop is possible for February.'you have tn spend francs by the

Food and clothing prices wil be hundreds and. thousands, To mail : | down In the Bureau of Labor an ordinary letter costs 15 francs. Most Lower Statistics Index-—perhaps enough About the only use for a one- : CHICAGO: Mar. 1 (UP) — A to Jase te Continuing rise in and twa franc foi in to Pay odd oy Canes ¥ heavy. wave of selling hit the rents and utility costs. amounts of postage, as in over = 7 nied Yeon grain market this week and sent That should arrest — at least seas airmail. CHICAGO, Mar. 1--Livestock| 5. 0. "to the lowest levels in

temporarily--the quarter-by-quar- All this is bound to bounce prices were mostly ~ lower. this gome time before rallies brought ter increases in pay of automo- back here. The United Btates has week, with hog prices declining the markets back up partially. bile and other workers under their been exporting beyond: other na to , on ’ : a new 22month law cost-of-living escalator contracts./tions’ means. We've had what is ance of wolsture received aver the These declines seem to be more euphemistically called a “favor- he period but recovering some. fnce ot Ho! ) dry Southwest wheat area along than just seasonal retrenchment able” trade balance, what late in the week when the with weakness. in the oll and lard ~just before Mar. 15 tax pay-| In the fourth quarter of lastcountry marketed fewer hogs. Weta lower cotton market ments, To be sure, most busi- year, for ihstance, we sold abroad: On the close choice 190-220 I IK a ild business renessmen are a little low in the four billion dollars of goods and|pounds butchers sold for ship- on : 24 o--4m bank account, facing as they do bought $2.5 billions. The world ment at $17.50-17.75 with one lot “***°™ a 35 per cent installment on their had to make the Aifference up out at $17.85. Most butchers weighing It was-also indicated that the 1951 tax bills. So they're apt toot loans, gifts, gold, dollar 230-250 pounds closed at $16.75. demand for feed. grains in the let inventories run off, 'balances, or services such as ship- 17.40, with choice 260-280 pounds Fast was slow and in soybeans But such a temporary squeeze ping. weights largely $16.25-1875, Sev. reports circulated that several here wouldn't have too much, Consistently, since the war, the eral loads of choice 290-330 Processors had lowered their bids bearing on the declines in world world has been running a U. 8.pounds old crop heavies sold late for cash beans. prices of copper, lead, rubber and trade deficit. That has made pos- At $15.75-16.25, | Corn showed the most proother major commodities. sible the increase in production| Slaughter lambs staged another /0NBed weakness. and did not The world, apparently, has and in living standards aboard. cellar dive this week, throwing r°Sister an attempt to recover caught up with itself. And the But as the rest of the world pulls prices back to early 1950, Prices the ground lost previously until United States is merely a repHeaiin its dollar Belt—as It must—/slid 50 cents to 1, the feature the Friday session. of the whole, U. 8. exports will drop. The only being that 109-118 pounds lambs Depresses Corn Ever since the end of the war, alternative would be for our im-/showed the least decline. Weakness in the live hog demand for goods of all kinds ports to rise. But U. 8. imports Compared ‘with Friday of last market was the main depressing far exceeded supply. Industrialihave been declining. That, In the week, the extreme top on fed factor in corn. It also was believed and agricultural plants in Europe longer run, will have an influence Western wooled lambs was $28, that corn of questionable keeping had been destroyed or were worn on business here. Ipaid early, but closing top was quality would continue to be

early ‘in|. Selling came under, the influ-

out. Now these plants have Been, eis em———— $27.25, lowest since April and May, marketed for some time yet in largely restored. With new ma-ig ois or Jains {1950. Bulk good to prime fed conX¥iderable amounts. chinery, they're more efficient. \wooled lambs scaling 95-106 There was very little “export, And mines have been expanding. New Augusta Firm | pounds closed at $27. Bulk 109-118 activity until late in the week Stretch-Out to Reality Marvin J. Bareither, landscape pounds $26.25-27 with big weights when Germany. dnd Chile Pur. What is more, in Great Britain, Architect, has joined the New scaling over 120 pounds $25.50-26. chased wheat. Very little action

Augusta Nursery. Few lots .well” handled choice to was taken against the 875,000 Bree arabes Formerly with both Indianap- Prime 100 pounds fed native lambs bushels of spring wheat bought visions The North Atlantic Treaty 0!s and Muncie nurseries, Mr. '#0ld in line with comparable fed by Germany Friday and purchases ” | Bareither also spent several !|ambs. j esters im eC t———

Organization is going ahead in| A years with the Steers Irregular ted steers and long yearlings

building a military barricade i against Russian aggression. But/Indiana Hig h- From the standpoint of itregu- brought $37.75-39, with the top at the timetable has been slowed Way Commission larity, the steer trade had no $39 for seven loads of 1050-1404-" down even as the timetable of 2% head of road- equal in recent months. Only pound weights. Bulk high choice military production here in the side improve- idefinitely prime fed steers and to low prime steers under 1350 United States — to fit the eco-' Ment. He also |yearlings found. dependable. out- pounds were $36-37.50 prime 1387nomic resources of the participa-iserved as a site {let and finished strong to 50 cents pound Dakotas $37.75. and prime ting countries. planner for a {higher. On most steers grading 1450-pound beeves $37.25. Mixed Once again a shortage of dol- Naval housing {choice and below and on low choice and prime 1375-1550-pound ; (prime heavies, there was no such beeves $34-35. Bulk choice steers]

Jars is a plague on commerce. Project at Ports- | Great Britain's gold stocks have mouth, Va. {thing as stability in the market and yearlings $32.25-35.75. jand closing quotations were un- gr——— - -

“been drawn down and Prime Min-| A member of

{ster Churchill has announced athe American |evenly steady to $1 lower. | new retrenchment program-—hop- | 8ociety of Land- Mr. Barlether { Compared with Friday a week | ing to cut Britain's consumption [scape Artists, he ©" ago, a modest supply of prime,

to its international purse. {way schoslen BL the University | Gmm———————m——— 0" : | The British have been living|© nois, ——— ips ing! “Most home owners are a little RUBBER TILE FENCE . too enthusiastic about planting : and, perhaps, too hesitant about "0 ices experimenting with the contem- il wy gi Dr displo por ¥Y Sosign In landscape,” Ne INSTALL 1 pr ond iron ie Y said. . Ww a AA YOURSELF Display Room SAVE HALF a

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THE INDIANAPOLIS TIMES .

SCREEN and STORM | |

FoR BUILDING A 1560 Mass, ne BUILDERS

Ja.

- a

y United Press

--n NEW YORK, Mar. 1—-Trading

‘the week ended Aug. 25, 1951.

held to a fractional area.

‘since last July 11.

(proach of the tax date Mar. 15

: earnings.

above its lows. Market men said however, that there might wel Ibe tests of those lows shortly. Aid Individual Shares °

in stocks during the past week fell off to the lightest level since

| Prices sagged slightly on average. Selected -issues registered wide changes, but the main list

Volume fell off steadily until the Friday session when the deals touched only 1 million shares, smallest for a full day

| This lethargy reflected ap-

{uncertainty in the foreign situation, an uncertain -technical position of the market, and the inroads of taxes into- corporate

Special news items such as stock splits, stock dividends; a

William Brosie

be offering steel at Jess than mill II, are understandably uncomfort- READY FOR SUMMER—Vornade Air Conditioners featured an open holise last week at Cap- Takes New Post prices, : : able. They remember the old five tol Wholesalers, division of Capitol Paper Co., 1201 W. Washington St. Shown with the product

index wan vitunly sasionary be carare cigarenes, or ney Livestock Prices Grains Rally Somewhat 4 : * . After Big Selling Wave

by Chile were made too late

the day yesterday to have any

effect’ on the market,

In soybeans the market ftook|

selling due to the weakness"®

crude vegetable oils, lard and hogs. and futures met very little] ‘ngr. Brosie Was formerly a opposition until the latter portion

of the week. Liquidation of rather substa

tial volume was apparent in oats this week although cash house! i ——

brokers bought small amounts.

i : mounced.

of |

specialties.

Nemours Co,

ducts Co. of In-, dianapolis and Chicago, the firm president James F. Van i Kennen an-

¢ The = company produces houseie hold and indus‘trial chemical

Mr. Brosie Ye FORD

member of the {Bridgeport Brass Aerosol Sales n- Division.and before that, was employed by the E. I. Dupont de

Trading on Stock Market |[———— Lightest Since Last August || 00. ||} 8 few increased or extra dividends, |} ; re " oil wel discoveries and ne like ; ROMER . i

helped individual shares road earnings showed

provement in many lant LIGHT FIXTURES

compared with a year ago.

SUNDAY, MAR, 2, 1052

Be sure to han

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There were a few bright spots. # 100 per cent stock dividend. |Technically, the brightest was the ability of the market to. hold

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Compared with Friday a week ALL ALUMINUM

ago, wheat ruled 13% to 2'4 cents

a bushel lowér; corn 1 to 4

“| STORM WINDOWS

lower; oats 1 to 3% lower; rye 4 to 2% lower; soybeans un- AND SCREENS

changed to 3! lower; lard

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