Indianapolis Times, Indianapolis, Marion County, 6 April 1952 — Page 42

Steel Start

Business Outlook—

Might Break

By J. A. Livingston

David Lawrence, columnist and editor of United States News and World Report, feels that an economic catastrophe is in the offing. All that's needed for another 1029 is a | steel strike, Writes Mr, Lawrence:

come in a matter of months-—not, years--if the White House per-

precipice.” To Lawrence, the great danger fs that steel wages will be increased to the full extent of the Wage Stabilization Board's 26-cents-per-hour recommendations, but prices will be limited to $2 or $3 a ton under the Capehart amendment. The financial position of the steel industry will be “sabotaged.” I'm not ready to agree that a depression as prolonged and sever as that of the Thirties is around the corner, Not during a period of expanding defense business,

But a stock market decline Is something else again. A real

squeeze on steel sarnings could be just the signal for a break in Wall Street.

Why Investors Are Shy

President Truman posed the fssue squarely to investors when he ‘told former Defense Mobilizer Charles BE. Wilson that profits of the “steel industry are continuing at extraordinarily high levels” and amount to “a good many times . . . any increased costs under the recommendations.” Admittedly, the industry's earn ings exceed the esitmated cost of the wage-and-fringe boost, But is that a fair test of their reasonableness? The steel industry has consistently earned a low rate of return on its net worth-—8 per cent in the 27 years from 1925 1951, as against 10 per cent for the manufacturing industry as a whole and 17 cent for autos and trucks, No wonder steel stocks sell below their book value, Capital shies away from a lowreturn, particularly in a feast-and-famine Industry like steel, The steel dispute merely brings

the capital-vs-labor issue to a|Bre

head. t Truman seems to ay Investors must take the after labor. The issue Is Jeavin ed at a time when in. i face a non-optimistic out-

1051 versus 1950: GAIN OF 10 PER CENT

Alrerafts SERRE 04 Autos and Trucks... ~39 Radio, Television... 34 Food Chains ......s -34 Department Stores.. -26 Electric Power ..... - 2 Natural Gas ....... + 3

Shipbuilding (deficit '50), GAIN OF LESS THAN 10 PER CENT

Textiles, Apparel .., -20 {Be and 10¢ Chains ,. -10 {Electrical Equip. +4» -18 Brewing (EE ER EER ARE] -18 Shoes FABRBANINIINNS 15 Railroads IEEE R EERE) -12 1 SERRE RIANIAM +17

NOT MUCH CHANGE

Per Cent Change Industry '51 vs. 50 Hard Floor Cov, snes 38 Packaged Foods ten 2B Auto Parts SEER ~24 Printing, Publishing. -23 Tobacco Products .. -21 Biscuit Bakers ,.... -21 Dairy Products uso. =1T7 Soft Drinks Svat 1B

Ess RRR RREN -— 3

Drugs Industrial Machinery Nil

Rall Equipment .,.. +14 Off Well Equipment, +13 Alr Transport .....e +26 Shipping «svvvvvovss +43

DECLINE OF LESS THAN

10 PER CENT Per Cent Change Indust: '51 vs. "50 Motion Pictures .... ~38

Mail Order .ooovinee =27 Distilling seanirnnee 21 ad Sesanstsnnran -19 Coal SER anaaisniae J Gold MInIng .....e0 + 1 Finance Companies , + 4

DECLINE OF 10 PER CENT

OR MORE i Standard & Poor's Corp. Per Cent Change has just made an Industry '51 vs. '50 indus forecast for I x ly (Confectionery ..s..e 268 one in try out of three is ex Chemicals SARI ENES 17 Year. Another third is ex- Meat Pac Sate -13 pected to break even in 1051, and ach... 12 a third to show a dro . es Fquipmen ven 10 But the really cant point |P ind. RUDbOr “+ 1 is that most of tndustries Tires and ubber .. +13

Clearly. investors — stockholders—have no great shucks to look forward to in 1052, if Standard & Poor's analysts are anywhere near

Gr PERIO

J right in their forecasts. j

21 JA STATIN

TT LUMBER CO.

If you need more warehouse space, dont compromise. If your focilities require 10,000 square feet of additional space, don't compromise. on 5000 feet. Check on warehouse building costs with Ladue Supply.

NO DOWN FIRST PAYM

ONLY

.. DON'T COMPROMISE ON | WAREHOUSE & FACTORY SPACE

'ALL-STEEL CONSTRUCTION

QUICK, PERMANENT, LOW-COST CONSTRUCTION

LADUE SUPPLY, INC.

In mony cases we can furnish on entirely adequate steel building for one-half the cost you would pay for conventional masonry construction, Available in stroight side wall or arch rib construction, any width-—any length,

_54 W. 30th St. WA-8098

PAYMENT ENT JULY |

VEL Seal

Yi 23 3,U4

11 V4

ome - did

“The next crash will

[for major industries along with sists In driving to the edge 8 percentage changes in earnings in

MONTROSE ADDITION eRedler Lewis Haynes at 4334 Norwaldo Ave. to

OR MORE Haynes Realty Service sold this home Per Cent Change! Howard Millholland for owner R, L. Maroney, The two-bedroom oa lutry mn Hote frame home has automatic gas heat and garage.

of the

By: United Press NEW YORK, Apr. 5-Btocks

declined moderately on increased

Per Cent Change . Industry '51 vs. '50 [nation’s steel mills prepared to Soap ..... Sarr itsin df shut down for a strike scheduled

for midnight Tuesday. The pattern of the market was unchanged from those of recent weeks. The main body of stocks moved narrowly while very wide gains or losses—mostly losses—appeared in a short list of issues. Again it“was a market of ofls. Most of them lost ground. Rails wers features in several sessions on each side of the market. But when the market was scanned it was found that the so-called ofl-rails were the only significant movers. Bteels had one of their rer weeks, Belling was light grodp, but demand was lacking and prices fell of their own weight. Metals generally were easier, Chemicals yielded In most instances, Televisions got a jolt on Brigay on reports of a falling off in advertising. Utilities performed best In the major groups by recording a very small decline. While the stock market pro-

done."

lot for

Stocks Ease Back Under Shadow of Steel Strike

volume in the past week as the

the lating on the prospects of a gold,

vided some fireworks for the

BUILD YOUR OWN 2.BEDROOM

Lumber. Hardware, Roofing, Flooring, Paint, $3213 Rook Lath, Plaster, Doors, Windows, Cabinets

We will Make Your Plans ad Finance Your Job

If You Mave's Good Lot and You Can Furnish the Laber, Then You Can and Should Have s New Home

FOR BUILDING OR REMODELING SEB | —_— BUNDERS LUMBER COMPANY osc A

ty Pay Rent? . . . Buy

Don't be misled by claims, "I can't be

Let us show how you can own this beautiful 3-bedroom floor planned home on your

We can help you with plans, prints, financing and labor if needed. SEE US BEFORE YOU BUILD OR BUY!

THE INDIANAPOLIS TIMES

Cattle and Sheep Gain; : Hogs End Week | Lower

By United Press CHICAGO, Apr. 5—Both the!

(cattle and sheep market finished

the week on the up side while hogs closed irregularly 25 conts| lower to 25 cents higher. | The week's hog top was $17.25, pald Friday for one small lot. Closing bulk. choice 190-240 pound barrows and gilts were $16.75-17 with latter price paid freely for 190-220 pound weights. Slaughter lamb prices continued to work higher during the week and closing tops on both wooled and shorn offerings were as high as at any time since the latter part of January. Compared to Friday week ago, numerous loads choice and prime fed wooled slaughter lambs sold at §20-29.50, the latter price the week's top including loads aver. aging 95-118 pounds. The recent upward trend in

heifers carried well into this

speculators in ofls, the atomic display came in Canadian oils. | On the curb, on Thursday, the! Canadian olls churned up such a following that curb sales spurted ahead of those on the Stock Exchange, the first time that has

been achieved in seven years. On the Toronto exchange the speculators went wild. They bought oils so fast that the mar-| ket men couldn't keep up with them. There on Thursday, Btock Exchange sales soared above 6.5) million shares. There hasn't been a 6-million-shade day on the New York market since 1937. - The oil situation spilled over into many other stocks unrelated’ to the oil business. For example, Melntyre Porcupine gave such a demonstration of strength in the gold mining group that some com-

week as from Monday through

prices for slaughter steers and /at the noon luncheon of the Real

Grain Markets ¢ All Depressed

| CHICAGO, Apr. 5 (UP)—

Wednesday the market was fully Grain MATISSE wire Mw on} rd {Board of Trade in a week Steady ® Unevery ro (pressing influences. pared day week, gelling pressure was caused by load of high prime 1308 pound fears of a shutdown in the steel fed steers sold at S330, the tigh- mills, the possibility of an im-| lest since last November. A few Pending truce in Korea, lack of loads prime 1150-1545 pound /800od demand in both export and {weights brought $38.50-39.50, {domestic markets and the weak-| ness shown in the cotton and lcrude vegetable oil markets, | | Compared to Friday a week | ago, wheat ruled 1% to 2% cents ay JSaniiiies als bushel lower; corn 1% to 2% | po i bout oa ditions, lower; oats 1% 40 2% lower; rys| m Shapes in pen Kaiser, flel al to 3% lower; soybeans 1% to! : in for Minn ’ Hse |2 lower; lard 45 to 60 points a Honeywell, reports that genitive) "22 pounds lower. electric thermostats were! Indiana's best loved most popular with families under| column, Dishing the Dirt, appears’ 35 with children 10 or under, daily in The Times. |

Fussy Parents

Realtors’ Speaker

sa William C. Burrows, recof Bt. Paul's Episcopal Church, will be the guest speaker!

Estate Board Thursday at the Washington Hotel.

BILT & WELL MILL over

MAKES YOUR HOUSE

Open Saturdays

Unexcelled Through 80 Years of

MILL wonRnwr

mentators were lured into specue rise. Actually, the strength n this stock was traced to its holdings of oll shares. of oil shares. VENETIAN BLIND : SLEAG POOR ai size 24 24 HOUR SERVICE—

ALL BRITE "™ torr

LAUNDRY: 522 North Rural IM. 5586

YOUR OWN HOME

Check carefully before you bay.

Hr Br El ri

SBESTAYITESTY

1110 E. 52nd ST. 105 S. DENNY ST.

$2293.95.

LUMBER (ST Ts

Aluminum De Luxe Porch Enclosures

NOMONEY DOWN.

AND NO PAYMENT UNTIL JULY 15

Rustproof Alum-

num requires no For Free

aandr ets

934 South East St., Indianapolis

15 6 Yous wens We 4 aii ASCO into an dors su!

: FMA. 5554

Any Time Day or Night

ap py . Storm Window and Door Company

Manufacturing Experience

TERESI

SPICKELMIER CO.

ONE PRICE—NO EXTRAS

A HOME MILLWORK OF DISTINCTION

Lawn Fence, All Types Ornamental Lamp & Mail Boxes

East of

Call TA. 2434...

eid Z/LAST... |

Free EstimaterBasy Sandon) Free Siste-Wide

BR. 6421 EX

grounds STATE- on SERVIC

NOW IS THE TIME TO ORDER

RUSCO Enclosures

. RUSCO PORCH ENCLOSURES or RUSCO BREEZEWAYWS

~for complete spring and summer enjoyment . . « only the RUSCO ali-metal window has all the necessary features for a completely satisfactory installation.

CALL OR WRITE NOW FOR FREE ESTIMATES

Sy.

Plus Your Old Radio or Record Player

DELIVERS

This Set!

The Adams

Magnificent 17” Console, featuring HaloLight. Unexcelled performance, Studio - Clear tone. Mahogany. -

369% Includes One Year

Warranty on Picture Tube 78 WEEKS TO PAY

~ OR WRITE

The Hayes”

SUNDAY, APR. 6, 1952

Lowest Prices Visit America’s finest display of fences and iron work.

Display 2110 N. Meridian

fron Porch Rall and Columns := Free Estimato—Easy Torms—Matorlals Only or Erected

Visit America’s Finest Display of Fences and Ornamental Iron or Call for Prices or Salesman.

1701 E. 38th St

| RUSCO .. INDIANA—The ALTUM CO.

Styled in mahogany and other fine woods. Huge 20” Movie-Clear picture with slanted picture window. A quality set at a low figure.

249"

Includes One Year Warranty on Picture Tube

78 WEEKS TO PAY

FURNITURE AND APPLIANCES

3745 W. WASHINGTON sams OPEN SUNDAY 1.8 P. M—DAILY TILL 9 P. M.

19%.

Plus Your

Old Radio er Record Player

DELIVERS

This Sei!

ASK ABOUT

OUR

ONE-YEAR

SERVICE

SUNDAY,

4) Houses for #000 Blk. Cong

ROCK b No one knows homes are going u case we have a fi sill will have bou Bottom. Extreme] home with large I back porches. Coz rm. with firepl, 4 TMs, sunrm., aute sell on pH ey

TCH RE. IR-4568 4961 Fi

FOR CO 2 Houses, moder: one, Only $1000 Jo don Si, Rent the rear for $45 month 4-bdrm. in front. $6000 payable $60 Worley IM-1358 MeCQNNELL REALTORS 1176 UD COLORED. 8 rms 3 rms’ and bath si Donald R. th . Hueber & Co ti - FOR CC 1271 EUGEN! Positively excell bedrms.., bath up. full basement, sto

NORMAN L FR-3657 REAL

SUITABLE FO Sut u N. , Noble.

HAPPY HO

MA-5501 - NO-10

- 0 peau. hdwd. firs. Will try $2500 or }

Perry L. Killin FOR CC 1118 N. Cagtwl, Dn. 361.50 HAPPY X mo MA-5501 COLORED —3236 .

bungalow; gas he ar. workshop in

“STUDEBAKER

FOR COLORED!

$19 . will bul Ru oun io Jot... WILL up to estate a ty.

Shale equity 42 North

BREN Beautiful io ranch, built or's _specificat on 1% acres of ed terrain, ava ghase. Large l French marl large dining | fast room, ug kitchen with and dishwash bedrooms, eac piete tile batl eied den with that can be bedroom. Love with firepli uarters with il heat, 3-car way below reel Bill Allen,

BRUCE SA

Circle Tower

CHARMING 3-1 IMMEDIATE

Located in and Christ th area, Glass front porch. Li ing rm. newly decorated. | breakfast space base. with oil to l-car gar. ood value in et with max. Bob Butterwor

Butterworth & 6303 GUILFORD

—— 4580 N, ME

BEDROOM Toki ith the exter) Southland,” and West’ comfortable, Beautiful bath, lari size dining room room, Sveryt 1 Bn To Fpom. hn room, of. ty

4 fe: or suis] Woops 4 & Joa. ust

ear Be Br. bri ome is in e

OPEN 2

7520 N. PEN

Bedrooms paneled activit lovely paneled ing, large bes and breakfast washer and ga Large utility water heater, sttached garas L. L. Banfo! John Rall AMERICAN § Redltors 532 Circ

6000 1} JUST OFF Lovely brick ra built by Frank living room with room, 2 big be tile bath, baseme: oil heat, 2-car gg fenced rear yard in a top location

Walt Veon, GL-22

ALT Vi

5700 N UNDER CON NEW 3-BDI

See this how own decorations. Christ the King, | bath, full baseme jot. This is a new sell quickly. Jerry

JERRY PIT

5425 COLLEGE, R

This storyin Forest’ Mar and bath dov rm, (or bedrc up. Full bsmt Le sold on/ co rs. Jo Kette MARGARET Ey A GL-2284

NEW 0

Beaut. new all bdrms., 1'2 tile dream kitchen, built-ins, full bsm gar gar, % acri

Bivd JOE BERGE Nei Rber 32 ox

ONY

An unusually gc low ip fine neight east. Full baseme! wooded lot 55x19. new home and Call fof rif to

wi BRIDG) Realtors. 239

ONLY

2:Bdrm. frame; bsmt,, oil heat, fenced rear yd Reasonable terms HAYNES RE.

“Re “There is 8s Dif GL-2223° 4606 |

~ GILCA

NORA SCHO 3-Bedrm. brick. charmin repl., peted. ne is » $33,500. J. Ju GIL CARTER Co NORTHEAST, sft bdrm. m mod, n hdw. firs. auto. nace, large land

Rikaltakl "hs EDS : L

RIVER VT RANCH TYPE 3 All on one floo heat, 1% tile ba garage, Asking §

HARRY D. OL-271% REA . 5-Ri

sige bedrr pet ting spac RL fa

fig es