Indianapolis Times, Indianapolis, Marion County, 27 April 1952 — Page 40

TA PERNT

Business Outloclc Net Income | Is Slumping .

By J. A. Livingston The businessman's lot is not a happy one these days. First-quarter earnings reports, now being mailed to stockholders, don't make gay reading. Net income; according to my early-bird tabulation for 217 industrial companies, 4 3% por. oom rom 4 Your now that force is under a double p sure: BE tt £2 mas st ude the \ 8d'ths de- Wall under way or Is aing Sn. ’ : is 19 per . : “That yur nally. I Many projects which are in the with the first-quarter esti-| discussion stage will be choked of the Council of Economic/off by the change in the profit

s for all U, 8, industry, |environment, gi council includes railroads] My tabulation has its limita~

ahd utilities In its calculation, It/tions. The sample is not large, helps to explain the present pessi- and In some industries, such as mism wherever businessmen meet. [iron and steel and automobiles, NEW Y ‘The businessman's outlook -- Major companies

5 §

Ms \ ge The money he has left over after expenses and taxes, the less tive. #61itrol he has over his business! Only four industries bucked the

—tp make long-range commit. ing and machinery, which were ments-—is restricted; Then, he{up 18 per cent and 4 per cent, rehas to depend on bankers or the spectively, over a year ago, and market. money markets, And, of course (Which recorded no change, (Util-

chances of raising new money are In the table, piso were up.) reduced.

‘Matter of Prudence’ Most Earnings Skid

: ! Here are the preliminary results fa Armco Steel Corp. 1s a case In for industrial companies for the point. It has shelved plans for §60 million of new construction,

{led to recover all its losses,

strong. Texas & P substantial

a point.

Re CN AN ee

= It lay : lack of control in man-|#Pt to be misleading. In the first/ of Texas nen n quarter of 1051, tax rates were/long time before that field ph, lower than now, commodity prices developed, .

weel, Rails rose in nearly all sessions decisions, His capacity to expand downtrend—-aireraft manufactur- and when they showed minor declines they still performed better than other msjor sections of the

On the week, the rails held wide if earnings are falling, the ities and railroads, not included gains in practically all issues. ' | Northern Pacific, regarded more as an ofl than a rail, had a sharp decline early in the week and ft

with, and ahead with, Demand for the rails reflected these plans in interest of the prospect of still higher earn5 pany. ; Our taxes ings when the new freight rates ’ are #0 we don't know what begin to be reflected in the ini Wages we are going to pay, and come account, we don’t know what prices we ape Olls Irregular to get, Bo, as a matter of The oil shares, next to the rails, we must forget these) Undoubtedly, these earnings de- were outstanding features, They projects for the present. 4{clines have had an influence iniclosed the week highly irregular. President Truman's seigure of| Wall Street, Stock prices have The issues whose companies have the tee hasn't helped been under sefling pressure lately. holdings in the fabulous Williston 5 the s ego. However, tha comparisons are Basin plunged when the president

0. said ft would be a

Denver & Rio Grande issues; and Beaboard Alr Line stocks “featured the carriers in gaing. Atlantic Coast” Line also was made a ain. Illinois Centfal was a favorite in several sessions. Others rose fractiona to more than

B® were high, and so were sales benet only oe cause of the scare buying after

‘ithe Chinese Communists entered

t Son Takes : feel steel hy at nes es the war, That was a boom pe-

ver Starks ou

nay be looking beyond the tal, the dial Jlofii-and-lon results, To! them,

SER i TA ON Rg Emin

raisers. Hear Bloom| Bloom of the Indiana School of

d now the environment Mr. Starks

tor has cl ~both actual. University

monthly dinner meeting of the suburbs. Society of Residential Appraisers upon tomorrow at 6 p. m, at the Mar-

ause of taxes and y the administration, "

Se eS om wt mt " ora Amr ~~ pen ari Ea SS bc mee

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0 : iA 3 3 : 3 : . u wn : ; v o .

riod, Next quarter's results, reves alo the est sm forced therefore, won't be so poor, per The second generation has takal pr 5 : centagewise, en over at Fountain Square's of Profits Bome investors and » ators first realtor’s stand—the 0. L,

was started by

1s That’ his father, O, L. A minority view, After all, Starks Sr, 30 prices’ are. r years ago, the Yes it's a which can’t younger Mr, cy": ee first da i tinued rm'’s them—are so powerful an influ. ‘‘speciall. ence on investment. " sation south.” MB Mr. Starks and

men are solid Business, [gouth Bide boosters and all make will be the guest spemker. at the their home there, or in the south

ust recently the firm sold a i for a retired New York

tinique Restaurant, Scott Padget,/Central employee who has re-

Mark this: The force president, announced. Mr, Bloom's (turned to his ace, Rome, : War economic expansion topic is “The Approach t The sale was completed Bas Seem rive investment. and soning” AT APIA sae had et fo Tal

has been in real estate 12 years and is a member of the Indianapolis Real Estate Board. For 28 4 years he was an |

loss on average

of the leading issues re fractions, ng resteq

nounced the opening of his realty firm with offices at 6326 Guilford Ave. The firm will exclusively In residential prophis three sales-jerties and specialize on North Bide homes.

lar arket

They got a new lease on life when Bocony-Vacuum's production chief said the Williston Basin was the subject of great optimism for his company. In the oils, net changes on the week ranged from gains of more than three points to a loss of nine points. All the issues finished above their lows. Liquors were depressed by poor reports from that industry. Demand is reported lower and inventories are said to be piling up. The industry points out that the recent tax rise has brought keen competition from bootleggers, Chemical issues were irregular, but more of them gained than s

a Autos Gain igher automobile uction, plus outlook for an Produst of credit controls, brought demand into the motors from time to time. Chrysler was a strong spot and the others of the department ™ Bethicham St ehem Steel Corp. reported sharply lower earnings po the first quarter, but the impact of this report was softened by action of the directors in ordering the $1 dividend paid in the past five quarters, The steels were little changed. on the week. Utilities were firm with two exceptionis—Peoples Gas and Panhandle Eastern Pipe Line, whose losses brought the average down, Industrials also showed a tiny because a few

The main body of stocks held

in a narrow area. Trading lightened except for one hour on Thursday when a selloff caused ticker lateness of as much as two minutes,

Curtis Graham Opens Office

Curtis Graham this week an own deal

Mr, Graham

agent for the Prudential In.

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Mr, Graham surance Co. He is a member of the Meridian Heights Presbytérian Chureh, the Broad Ripple Businessman's Association and a Masonie Lodge,

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BEDFORD STONE—William Johnson of the Edsel Realty Co, sold this three bedroom at 3256 5 Bevnayivania St. for Mr. and Mrs, George Day. home includes an acre of property.

Rails Lead Irre

Rise in Stock SRS matrons

had not re-/shares, helped by favorable earnhrinks with his profits. [ported as the tabulation went to/ings reports, led the stock market None the less it's indica~|irregularly higher during the past

wi The new owners are George Zahn and wife, The wey for 3. Richards : : a

Hogs Stable;

cHICAdS, "Apr. "I8-The hog trade was unusually stable this

we. with closing prices her, but rather liberal receipts of both cattle and sheep depressed those markets. Day-to-day fluctuations on most barrows and gilts was limited to no more than 10 to 15 cents. At least partially respon. #bile for this stable trade was the fact that receipts during the period were evenly distributed. The average cost of barrows and gilts for the period was the highest since the week ending Feb. 23 and the week's top of $17.60 the highest since Mar. 19. On the close most choice 180-230-pound butchers scld at $17.25 17.50, the latter price freely to order buyers. Choice 240-260-pound butchers brought $16.9017.25 and 270-200-pound weights were $16.60-16.85. A few lots of 820-350-pound butchers sold at $16-16.25 and there wers 400+ pound weights down to $15.50. Choice sows, 400 pounds and less, bulked at $15.35-16.25, while 400So0:powng kinds sold at $14.50 Compared with Friday a week ago, the week's top choice to prime handy wooled lambs brought $20.25 and comparable No. 1 skin shorn lambs were $28.50. Bulk good to prime wooled lambs all weights were $27.5029; finished 126 pounds $28.25; 137

$25.50; bulk shorn lambs $27-28.

Albert L. Pierce

Wins Promotion

Virgil Snider, president of foe ue Eris Sonne ealer, y ois, announced the Pe 0 Albert L. Pierce as Mr. Pierce, a

ate with the Studebaker organization, . has spent the last seven years as assistant service manager tor Snider Autofl Service. 4 . His new assist ant will be Ash- Mr Plerce worth Gee, Mr. Snider said.

of years with Studebaker.

Rock Lath, Plaster,

Other Stack 0ff ||

on.

man in

T. Hill sold this sixroom custom-built home at 8063 Broad. New owner Is Clarence A. Andorson. The home includes wo bedrooms

CONTEST WINNERS—First prizes of $50 were awarded this week to the winners of the feen-dge and adult model home building contest of the Real Estate Board by James Hurt (left), | board president, and Frank Cantwell, Home Show director, Winners are Clyde Copenhaver, (second Wil 8 Tech High School senior, and Charles: E. Smith, University of Cinginnati student. The -

center is Bill Ankenbrock of the F. C. Tucker Co. chairman of the contest,

tures were irregular in rathet in-

lower. The May futures were

ing by commission houses against purchases of more deferred contracts. Although most new crop contracts finished higher, gains were not spectacular, principally because of a rather small amount of export business and the favorable outlook for a bumper new erop in the U, 8. as well as in

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By United Press ; CHICAGO, Apr. 26—Grain fu-|export potentiality.

LER I/ELE\"1SION

Grain Futures Are Irregular During Week

would greatly reduce the U. S.bean meal. Liquidation was rather por I faster tn heavy at times and deferred bean e only redeeming T inicontract hit new seasonal lows on decisive dealings on the Board of new crop wheat contracts was Wednesday. The market did reTrade this week, but for the most|the fact that current

part managed to finish on the UP-/around 15 cents a bushel below|ings on 16 co

rices arespond slightly 30 Nepests that ceil. pounds $27.50; good 130 pounds|side.

the probable government loan fats and Mitten Incluins. nt loan|some fats a The nearby May contracts led level for 1952 and this ten » the declines and in every market discourage heavy pressing o with the exception of rye ended selling side.

woul to suspended shortly.

e a Jalfveries of oats were lower s week, due primarily to the : The soybean market failed to/reports that a liberal quantity of under considerable pressureiregpond noticeably to the $7 boost Canadian oats we throughout the week, due to sell-|a ton in the celling level for soy-|/the U. 8.

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