Indianapolis Times, Indianapolis, Marion County, 9 March 1952 — Page 42
Business Outlook—
Its Name’ ls ‘Inventory Lull’
Es le B % & rw a
By J. A.
= Now there's a name for it. This is an “inventory lull.” Its ‘affecting everybody—the housewife, who rushed tol
bay nylons and sugar after
stocked up on tires, and the the raw wool, steel sheets, anything else his agent could lay contracts on. Now everybody is trying to get rid of those Inventories. Consequence: Reduced buying. spotty unemployment, lower prices The housewife is getting break. Leading stores in New York, Chicago, and other large cities have cut hutter prices 5 cents and more per pound. Prior
to that eggs were off, and meat.
Thizg will shew up in the Bureau of Labor Statistics Consumers Price Index during the next several months. But the most forceful indicator of reduced demand is that prem{um prices on steel, copper, and other scarce metals have diminished in world and domestic markets. And labor surpluses show up here and there,
Defense as Relief
Detense Mobilizer Charles E. n has directed government procurement officers to see that companies in Detroit, WilkesBarre, Scranton, and Providence get a chance to bid on contracts, Purpose: plus-labor areas. This is an interesting aspect of Aute workers in De-
and a—————— purchasing present and prospective,
a The delay
!'not.as strong as it was, Inflation
To provide jobs in sur-
Livingston
DOZEN DOUBLES—A dozen pew brick doubles, each offering about 930 feet of floor space, are offered for sale as investment property. They'll go for $26,000 each. They're built at 2108-10 N. Winfield Ave. and rents range up to $125 per month,
Korea, the automobilist who businessman who bought all
is: cer- ‘ . . ‘ . tain. including garage, dishwasher and disposal. Mid-City Investments, Therefore, difficulties in textile Inc., is handling the sale. markets and the weakness " ——
in [commodities are net likely to have cumulative consequences in the Korean truce
Er iv 50,000 Buy Stocks Register
letdown 1s likely while a state of Pp § fy actual warfare exists, . re 4 S Banner Week The pre-fabricated housing in-
Tip-Off n thel dustry did a near-record volume . evertheless, of business last year when 50,000 By United Pres dwellings were sold, according to NEW YORK, Mar. 8 — The Prefabricated Home Manufac- "tPCk market this week turned in buying turers’ Institute Washington, °N® of its best performances of
the economy Is
has caught up with consumers. Housewives have heen
food at the expense of clothing pr, the year’ and home furnishings: Thus, , _ Prices rose all around and volfood store sales, dollarwise, are 1HArry H. Steidle, PHMI man- "1 o1 ced Sales averaged
But ager, reported these homes, produced by 80 companies, had an estimated value of $382.63 million, exclusive of land. They accounted for nearly 6 per cent of all new single-family homes built in nonfarm areas in the United States,
up 24 per cent in two years, sales of clothing and home furnishing stores are up only 9 per cent. And for the last 12 months home furnishings and clothing sales have barely held even, That. helps to explain why de
1,218,000 shares daily for the full sessions, against 1,138,000 shares for the daily average last week. All sections moved higher, Ralls featured” and all but set a new 20-year high. The utilities did reach a 20-year top in a sizable |partment stores have been com- . gain for that group. Industrials 'plaining. . Macy's. and Gimbel's Compared with the drop of 22 ore higher but were some disseem to he losing out to the Pr cent in all new nonfarm (,nce from their highs. 'A & P and Safeway. In the week Nousing starts, the decline in pre- Gaing ror the week ranged from ended Mar. 1, department store fabricated home shipments last 5 4 5 points for a long list of sales were off 15 per cent from Y®AT Was but 8 per cent from the .,. sq A few gained even more. a year ago. Sure, the weather was r®cord of 55000 dwellings pro- ne of them -—-Amerada—was & bad. Sure, Easter is late this duced in 1850. sensation. It soared on its oil year. Bure, last year’s business Mr. Bteidle attributed this slight “wells in the Williston basin of was boosted by =carce buying. decrease in shipments to the gov-'North Dakota.
efense. i. have lost jobs because of Still, minus 15 per cent. . . ernment’s mortgage credit con- Several other oils turned in cutbacks. But Wilkes - Barre, One plan for Industrial ex- trols which he said prevented wide gains. Good gains were Séranton, and Providence have pansion has “bit the dust” as a'many modest - income families noted for the televisions, cheminot been hurt to any great ex-iresult of the industrial letdown. from financing new homes. But, cals, some of the farm impletent by defense. Yet, defense Crown Zellerbach Corp. has de- he added, the prefabrication In- ments, and mercantiles. The
awards are being used, like WPA contracts, to relieve unemploy:
ment. { That's good politics—and, coincidentally, good economics. Since manpower is scarce in
many areas, it makes sense to place contracts where workers
are available,
|cided to relinquish a certificate of dustry through the sales of larg- steels joined the rise. Motors had necessity to build additional fa- er homes enjoyed an increase ing good market. Tires added to cilities for pulp for Kraft paper, gross sales, dollar-wise, over 1950. rectnt gains. Chief reason: “We have consid- The industry expanded the eet ett ‘erable doubt as to . . . the in- market for its product, but con- 000 ona) ¢ needs for all the addi- flnued to concentrate upon pro- Asks $100, Damages
tional tonnage that will be avail- ducing lower-cost homes. How- For Magazine Story
able.” ever, many manufacturers re-| BRIDGEPORT. Conn.. Mar. 8 In it possible that similar cut- ported a marked increase in or ypy_ James Hazlitt of Okla-
——_— THF INDIANAPOLIS TIMES
[low marks.
structural steel is easier, backs in private expansion plans ders for their larger models for Frog National Production Will take place? And is that a higher-income families.
homa City, ‘Okla., a stunt and thrill show operator, today filed
Authority has increased the ton- harbinger of a sharp drop in
allowed for state and Lig nicl projects, such as schools, 0 a highways, and public ngs, as well as commercial
operations. Alarm Instead of Joy
i a lace which, ever i Horny ras been accustomed to or forewarned against shortages and inflationary pressurés, the current relaxation of demand has caused alarm rather thah jubllation. So much so that the monthly letter of the Na-
tional City Bank of New York|
remarks: “Fear that an easing in the metals situation is somehow a sign of imminent depression is paradoxical. The fact is that the sublidence ‘of inventory demand on the part of business, like the reduction in consumer spending and increase in saving which began many months ago, contributes to order and stability.” ‘After all, the ence in the economy is still defénse. That won't peter out. Contracts have been let, plants are producing, and employment,
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{ As to the outlook for 1952, Mr. a $100,00 damage action in Suuphal ROR xoannon later this gieidle forecast that 8 per cent perior Court against Fawcett year: A afense construction of the new individual homes built Publications, Inc. of Greenwich. vey the hump: . {during the year will be pre-| The showman charged that the | |tabricated. 1950 issue of “Startling DetecMall: : He e ) - tive,” » 3 -| Killin Firm | xplained that if the gov- tive,” published by the Green |
ernment’'s present “attainable wich concern, made defamatory | . Opens 3d Office
{ceiling” figure of 800,000 housing statements about him in connecstarts for this year is realized, tion with an alleged criminal Realty broker Perry 1. Killin/the prefabrication industry ex- offense. expanded his firm to a third of-'Pects to produce 55000 or more fice this week, opening a branch! dwellings during 1952. ~ at 1544 Shelby, ‘About one-third of the homes
SPECIAL NOTICE
Te All Merchants, Manufacturers
and Jobbers 8t. to accommo- built this year are expected to be Clothing, Dry Goods, Shoes. Hardware { » ariety 1 ops, ovs. nols, date South Side located In defense areas,” he said. Candy. Dishes, Novelties, Glass Preand suburban We look forward to a continued mium Houses," ste. I jou have mer. chandise on e shelf. under e clients, heavy demand for prefabricated § co nter. in the stock room. odds and
ends, goods you know you can’t sell— Get it together—call us. Prompt service and cash on the line.
INLAND CITY JOBBERS Calls Made Any Place in the State 505 W. WASHINGTON, LI-12838
J Heading the homes as they are ideally suited new office isin size and price for defense needs Marie Gentry, a @nd can be erected quickly and Tesident of With important savings in vital Southport a n d/materials and man hours.”
an experienced . ; J
. South Side real-/ ce . i NY PERIOR Jat LLWORR
BURNET-BINFORD LUMBER CO.
Mr. Killin 2 Mr. Killin re-!| ports there has) 401 W. 30th. St TAlbot 3315
-
been a sudden activity in the| during the past two| (weeks, There's a big demand for| homes in the Garfield Park, Edgewood and Homecroft areas, he reports.
LIVE)
Livestock Prices Uneven for Week
Hogs Develop Downward Trend
By United Press CHICAGO, Mar. 8— Livestock markets were rather irregular in trade this week with the exception of the hog market which showed a definite downward trend.
Hog prices fluctuated rather] wildly in- a weather emarket this,
week. Advances scored on ghort! receipts early in the week were erased later when hogs accumu- 5
lated behind ley roads were marketed in large volume on Thursday. At the close prices were little above the recent season’s
to be constructed this year. It wi and rest rooms.
On the closing session the top reached $17.85 for some sorted’
THEIR FIRST YEAR—A standout in the modern Arlington | shopping district, Cecil's ladies apparel shop tomorrow completes their first year of business. Business is so good that the shop will move across Arlington St. into the shopping center's new addition
<=
|
{ |
*
Il include a playroom for children
lightweights with most sales ——— -
choice 190-230 pounds at $17.15-
. 17.50. Late bulk 230-250-pound r I weights were $16.75-17.25 with Grains Gene a y { most 260-280-pound averages at
516.25-16.73.© Several loads 290-
Gain; Wheat Lags 330-pound heavies brought $15.75-|
16.25 and some 290-pound big’ CHICAGO, Mar. 8 (UP)—The weights $13.50. . grain markets on the Board of Good to prime 100-108-pound Trade with the exception of wheat slaughter lambs this week were made substantial gains this week steady to 25 cents lower but all Wheat prices were little changed
lambs scaling 109 pounds upward ; closed strong to 25 cents higher from a week ago but were fairly
with instances 50 cents higher. steady. Lambs Top $27.75 Corn took the leadership due
Compared to Friday a week to a growing belief among traders ago, good .to prime fed wooled that the" Illinois corn movement lambs bulked at $26.50-27, these was almost over and reports from scaling 100-109 pounds. Averages the Northwest which stated that
- - OR.OR OK. lt BL rat, large portion of the poor qualextreme top on prime fed wooled ity corn had been marketed in lambs was $27.25 paid by small that area. Riners. To lot top 2 Ship. Oats gained strength from the Pall IY chery hoes me corn market but showed more $26.25. Bulk good to choice No, 1 independent strength than in re-
and 2 skin clippers $25.50-286. cent weeks.
All steers and heifers except Trading in soybeans was rather high choice and | prime grades mixed as the March beans develfound very erratic outlet this oped easiness compared with the week. High choice and prime more deferred contracis which steers were fully 25 to 50 cents were persistent gainers. However, higher. Other grades were strong at the end of the week the nearby to unevenly higher early in the contract was registering gains of week but closed dull and steady (0 | mm ———— 50 cents lower, ——————————————————— |
Color Eliminates Gldre
Coloring matter, sold by dealers in building materials and paints, can be mixed with cement during construction to eliminate the glare from a concrete walk or rive.
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14 to 13% over last Friday's closing prices. Compared to Friday a week ago, wheat ruled !'s cent a bushel lower to 3; higher; corn 1% to 34% higher, oats 2 to 4's higher; rye 1 to 2 higher; soybeans 1% to 5 higher; lard unchanged to 13 points a hundred pounds higher.
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The home f( Cape Cod anc signed for an who first bul looking ahea children, two girls were tw older than th They built 1 bath upstairs the idea that and moved o be turned int ment and fu come for old reason for th on the left. The boy « downstairs b pinch the gis gether and pr The idea wor that we thoug interested. The exterio brick but wou of wood sidin The front a hallway wit To the right room and pi rectly behind | room with kitchen is to pactly planne over the sin} small table z children’s bres The two be have cross ver with sliding d room has tw between these extra privacy. The baseme tire house an room for recr laundry.
Ferris Buil Eight New
Ferris Real a project of e 27 Rawles Ti Side and will today 1-5 p. | The homes pre-cut Richn els and inclu room, gas fur er and dryer ets with slidir Built in ra ventional styl $9800 and r with payment
E. F. ARRC