Indianapolis Times, Indianapolis, Marion County, 11 May 1952 — Page 42

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RAIN

ess AL, BO. dOWN regardless.”

. Urge

Top Analysts

Caution

By J. A. LIVINGSTON x 10—Caution, That sums up|#

the collective thinking of the nation's top financial analysts the men behind the big investment dough.

‘SAN FRANCISCO, May

They think the stock market will go down slightly, that |

the cold war with Russia will go indefinitely, but that a shooting! war won't develop, In a more optimistic vein, they

a3-type depression won't develop) out of the rearmament effort. Those are conclusions drawn . from a questionnaire I circulated at the annual convention of the . National Federation of Financial Analysts Societies. There were few surprises. The analysts, like most of us, are captives of the present mood of uncertainty, of business doldrums, Yes, they like /the idea of a Republican President; 43 per cent of them think that a Republican victory in November will put stock prices up. But, strangely enough, 27 per cent think a Republican in the White House will put the market| down, and 30 per cent feel that

the election makes no difference.

Thus, the majority takes no stock in the widely-bruited theory the Republican party is a help to Wall Street.

JLisenhower in Wall §t.?

ONE ANALYST remarked on his questionnaire: “The market Another argued that Sen. Taft would

SSA ORR EET PRR to ro) Gen

Eisenhower would cause it to rise Reasoning: Sen, Taft presumably would cut military expenditures for Europe, whereas Gen. Eisenhower would continue them.

More than half of the analysts,55 per cent, féel we can do away with wage and price controls immediately. No doubt the thoreugh-going mixup In steel—in : which the pgovernment is in again and out again and in again--is a factor here.

But there’s a more fundamental factor.. Defense activity hasn't been able to offset completely slow civilian demand. Consumer durable-goods production is down —-autos, furniture, electrical goods—as well as clothing and other soft goods. | Even on this point, caution prevails—though most analysts, because they represent the investment or money point of view, are

dnclined to dislike controls, Thir-| ity-two per cent feel wage and)

hres controls ought to be retained G 0 i ng u p

another six months as a safe2 guard against another round of inflation, And 13 per cent feel conservatism requires ceilings for at least a year.

More Cold War?

———

against a repeat : performance) through the development of defi-| cit-spending techniques and un-| employment compensation and

chasing power won't be allowed mer, tin shears and plumber's/that low wage earners can afford also call for construction of an-|ton Dr. wrench and don’t mind putting aja modern house and equip itlother dozen homes at scattered little “sweat equity” into a new themselves as they can afford to,/locations. home for your family, builder An-{Mr. LaPinta explained. BUT WE'RE not depression-orithony 8, LaPinta has 16 three-recession-proof. Four out of five— bedroom houses you'll be inter-|feet of floor space, sell for as low “we built 37 houses—they were 196 out of 240—are deeply con-|ested in.

to cellapse—as in the ‘thirties,

4 Out of 5

scious of what might happen if

defense spending tapers off. They man in mind. These houses come hardwood floors, think we could have a decline|fully completed except for a heat-|are built in the 3800 block of 8. started modernizing already under| Hugh Teeters Co.—6460 College in the lightest volume for a fulliynst nation haggled for a higher State St. Another nine are built| FHA Home Improvement Loans Ave. 1162 W. 34th St. in the 3600 block of Hartman Dr./which now require no down pay'ments,” Mr.

like 1037-38— when production|ing system, plumbing lines and dropped one-third—between now|fixtures and kitchen equipment.

and the end of 1955. Four pessimists 2 per cent, felt such a decline could get. under way (his year. Sixtyeight, 28 per- cent, foresaw a drop of that size next year; 82, or 34 per cent, In 1954, and 42, or 17 per cent, in 1955. The rest, 18 per cent, ruled out a 33 per cent drop in production until 1956 or later, if ever. Undoubtedly, some of these felt government measures would break a decline, As for the jtock market, analysis tended to extend the present slow downtrend. They felt that the Dow-Joneés average for industrial stocks, now around 263, would. drop. to. 252 by Dec. 31, would stay at that level for the first six months of 1953, and then drop to 247 by the end of next year. That was the midpoint— the median—of all expectations. The average expectation was more optimistic. There'd be no change between now and the end of the year, The market then would drop to 251 by June 30, 1953, and then rise to 253 by Dec. 31, 1953. The inference is the optimists are more optimistic than the pessimists are peasimistie. The tally was close:

105 an-|

change. Except for one forecast of a decline to 105 in the DowJones average and two forecasts

casts on either side tended to be cautious.

Bond Prices

The Amott-Baker Realty Bond| Price Averages recorded an In-|

Short of Cash but

TYE INDIANAPOLIS TIMES

Handy With Tools?

| OPEN TODAY-—Home for the handyman. are fairly confident another 1929- Social Security payments. Pur-| jf you're handy with a ham- the home down low enough so lar homes on buyer's lots. Plans Jack OC. Carr, Inc.—3770 Cres-

as $8250, including the lot. Of frame construction with seven houses

They're built with the handy-

_The idea is to get the price of| The builders will also erect simi-

LOOK IT OVER—Open for your inspection between 2 and 6

includes a stone. fireplace, silding-door closets and breezeway. Sale price is $30,000.

The houses, of about 720 square was started,” Mr. LaPinta said,

isold faster than we could finish (them,

Stone Rancho Open to Public Today

North Side Sales __ Over Half Million For Third Week

Residential sales reported this {week by the Associated North! | Side Realtors for the third week lin a row topped the half million {dollar mark, Chairman Guy Boyd {Jr. announced. | Secretary Wayne Whiffing; {listed 39 sales for the week pe- | riod totalling $548,092, They! |are: Wayne Whiffing—327 Minerva

a ————————

eroft St. |

an acre at Ethel and

“Last year, when the program Broadway, co-operating broker F. C, Tucker, 4060 N. Desmond Ave. Ford Woods—464 Ketcham St. | F.C. Tucker Co.—5239 N. Cap-| {itol Ave. 45 W. 52d St, 3402 N.|

“Many of the buyers have Temple St.

The Spann Co. Inc.—530 N.| LaPinta said.

a. a a

block N. Cafoline Ave, Minnesota St. Gregory & Appel, [Moore Ave: no Bruce Savage Co.—Moser prop- | erty on Avery Rd., 4534 N. Penn-| sylvania St, 4417 N. Pennsylvania St. M. G. Gerdenich—131 E. 36th St. Gil Carter — 1701 E. Kessler, Blvd. 4442 Norwaldo Ave. 5860 Norwaldo Ave, 4816 Crestview Ave. Frazier Farm in Hamilton County, 615 E. 84th St, Farm in Hamilton County. Butterworth & Co.—5857 Primrose Ave, 1204 Carrollton Ave.

§ Highway addition. WIE des Sona 00 48th St.

Springer Ave. 532 E. 58th St.

property. Fred T. Hill-—5837 Broadway,

(co-operating broker Fieber Reilly.

p. m. today is this three-bedroom Bedford stone ranch home built at 3341 N. Kessler Blvd. by builder William H. Murphy, The home Lane.

Grain Futures Off Hogs Close Week Steady

writ SEE wD for Strong Start After Series of Advances

By United Press HICAGO, May By United Press CHICAGO, May 10—Grain fu-/in the first part of the week, but

of a rise to above 400, the fore-|¢,,es had more steam back ofthe long series of advances was

them this week on the Board orfhialted Jeaterday Shen the marTrade than any time during the oo oo y Sleady:

week, wiping out a part of earlier |lower grades gained some ground. |The sheep market gained slight Pers $27.50 down. | ground as receipts fell in north- choice to prime heavy shorns at]

gains, One of the main features of| trade this week was the strength|® Inarkets, shown in the May delivery of

10 — Hog prices continued to work higher

: A two-way trend in steer prices }Jambs sold at $27-28.50 with past several weeks. But pricesiy,s evident with top grades ¢hoice to prime kinds absent at

dropped the latter part of the feeling downward pressure while the

Closing top on hogs was $1-

Say Heavy Trucks Wear Roads More

WASHINGTON, May 10 (UP)| —The Highway Research Council reported today that the heav- | Compared with Friday Jast|leF 3_lruck, the more damage week, slaughter lambs were| pp’ i that (steady to strong with demand cracking of roads under heavy | broadest for good to prime kinds|loads also depends upon the {selling at $26.50 upward, mostly speed of trucks and the type of |$27 and better. Most wooled |subsurface soil.

close when

{wools brought $28 and most clip-! The ee Borden Soybean Plant

WATERLOO, Iowa, May 10 |$28.25 yielded better than 50 per |(UP)—The Borden Soybean Ptoc|cent. Hardest lambs to sell were essing Co., subsidiary of the Bor-

110-120-pound | Price Squeeze Closes

St. 6256 E. 24th St. 605-7 Ban-| C,rvel Ave. for owner John E. James Jr. The new owner is Robert | L, Tyler.

sn sie, 0x2 Nn. ens Ave. Stocks Advance in Week On Year's Lightest Volume

advanced during the past week supplies of copper were cut off as

{week this year. |

Arnolda Ave., two lots in the 4500 Set during the six trading ses-gains on the week. Sales of more

sions: Sales on Monday were the, iomobiles under better credit 26 2 lightest since Oct. 3, 1949; the| u

= railroad average on Ine. 3110 ached a new hig 6, 1931.

week's small gain, while rails and utilities more than made up last most issues. week's small losses. The utility proved on favorable building re. average was within a little more +o than a point of its 20-year high. i, nia) gainers.

performance settled on its lethargy. The experts held that the traders merely were exercising] Dell oxtreme caution as they awaited| the move

Willis Adams—Lot 19, Dixie tions in Korea. s

|. Otherwise there was no news, . in. most.instances.there, mers... of a broad market nature. "The ,freetting items to poor earnings.

¢ R. E. Peckham—Wawasee Lake [except for strength in the motors 'it showed little influence.

& closed higher on the week. This ucts. group was particularly strong in John Max — 2609 Cold Spring/the Friday session.

Street calls a “soda water” rally/point on Monday, gained 49 on on the credit control lifting—one| Wednesday and soared 105 points If fizz and it was all gone. were lower on the week.

11.50 higher at $20.50, equaling the Mixed utility and low-good grades den Co., said today it has stopped!

crease of 5 per cent in real estate grains which for several pond prices for the 30-day Pe-iweeks has been under rather)

riod ended Apr. 30. The April heavy liquidation. For the most) {part the May contract was in-|

{recent six-month high price. Con-!

tinued broad shipper demand was| i the Scarce, but demand was narrow. reopen next week.

primarily responsible for

good action,

but local packers!

OPTIMISM prevailed on Korea. advance compared with gains of In spite of all the delays, frus-g per cent during March and 1

bd . A per cent each during January and

{clined to maintain \rather “easily {the advance. :

\ The less favorable news trom|T*VeT hogs late in the week,

On the close the bulk of the

$15 to $18. Slaughter Sheep were Cause of price troubles, but may

Few low choice ewes passed Edward O'Connor, general man-

{Heavy fat good 170-210-pound pany was caught in a squeeze beewes were $11-12 with bucks, tween soybean prices and a ceil-

at $25.50 down, culls lagging at processing at its plant here be-!

|were more selective and took | $13.50, Bulk of culls sold at $8-10. ager of the firm, said the com-,

their investment plans on a peace within six months; 17 per cent were even more hopeful, planning on a truce within one month. ‘The rest, 42 per cent, felt negotiations will drag on for a year or longer. As for Russia, 11 per cent of

On Apr. 30, the average price of a $1000 bond in this 40 Bond Index stood at $890 as compared with $885 Mar. 31 and $861 at the close of 1951, The present, average price is 3.3 per cent high-

February. {Korea rega:ridng an early ‘truce

er than the average price of these new

. the analysts have designed their/same securities on Dec. 31, 1951. attributed to dryness in part of choice sows at 400 pounds and The helow brought $16.75-17.75 with | * 2 iE

investment portfolios to ultimate peace—to an accommodation of property’ the following changes differences. But 88 per cent believe were recorded during April: Eight that the cold war will persist in- hotel issues—no change; eight definitely. Only 1. per.cent—four apartment hotel issuesz-up 5 pep analysts of the 272 who replied cent; eight apartment building to this question—were planning|issues—up .1 per cent; on a shooting war, {building issues-—up .8 per cent. The one siirprise is the attitude, For the year to date, the pertoward a recurrence of a long- centage changes for the same drawn-out depression. Analysts groups are as follows: Eight hoare not usually New Dealers. Yet, tel issues—up 3.7 per cent; eight 83 per cent voted a depression as apartment hotel issues—up 1.7 deep and prolonged as 1929-33 is| per cent; eight apartment buildimpossible. ling issues—up 2.2 per cent, and Apparently, they think we've in-|16 office building issues—up 4.1 sulated ourselves as a nation|per cent.

7 OPEN HOUSES

3800 BLOCK S. STATE (Across from Indiana Central College)

3-Bedroom Bungalows 3 One house completed . . . and 6 others in all stages : of construction. Hardwood toors—Redwood siding—2

Small trees in front yard. Near transportation, schools and shopping. For LESS Than $6000.

For Less Than $6500 A. S. LaPENTA-Builder-FR. 2069

All Material Supplied by ‘ Continental Lumber Co—MA. 2419

Why Pay Rent? . . . Build

In classification by type of the grain producing areas. lerop report issued at mid-week ihe

16 office! The sovbean market managed

q/strength in the cash corn market,

SA UA URI.

180-230-pound butchers sold at]

inspired IPIred considerable = SUPPOTL.|¢30-24.40. Most choice 240-260-|

Also the long range weather fore- | cast which indicated above nor-| mal temperatures and only light rainfall encouraged buying. |300-pound weights A portion of the buying in the!

crop wheat contracts Wasi... c.q as low as $17.25. Most

$18.85-19.50.

385 pounds carrying a sow end

stated that. in a few areas of the is15.75-17. wheat territory the soil was be-|

{to insure good germination.

{came in spite of the news that several of the soybean processing plants were closing down shortly. {The bullish influence in the mar-| {ket was the strength shown in |the cotton and crude vegetable toil markets. Corn made gains this week on

BEL : ores,

® FLOOR ING © WALL MATERIAL»

24SIN MERIDIAN Hi.8993

along with smaller arrivals and the upturn in the live hog mar-| ket, , i

{pound butchers brought $19.50-|

120 with reduced numbers 270-| or

Odd lots weighing as heavy as!

mostly shorn, at $11. . [Ing on manufactured goods.

LAWN or FACTORY

OOOO

bulk 400-500 pounds at

It was another cleanup week woming dry and rain was needed in .old crop winter-fed Pe [Receipts fell fast at important {trading centers, standing about] to make a fair sized dent in re- 23000 head fewer at 12 Eo {cent declines this week. Buying | markets. The finish was irregular and weights uneven. Sorting |

became unusually close due to the | AL fe a wide range of quality. { “>

LOW COST

NO DOWN PAYMENT Lifetime Property Protection

| | | MATERIALS ONLY or

Fo LOVE

SHEET METAL CO. | 4101 E. 10th St, IR-1930 |

COMPLETE ERECTION Free Estimates—Easy Terms IM-5013

RE -—.

726 RUSSELL AVE.

——

)

‘ (: hy . NT ERIOR /VIILLWORK

BURNET-BINFORD LUMBER CO Ol W. 30

BL 14 C W. 30 i TAlbot 3315

SPICKELMIER CO. a

| -- Envy Of All Homemakers— | Sterling Double-Hung

ALUMINUM - WINDOWS

® Keep Building Cost Down ® No Maintenance Expense : ® SMOOTH-——easy operation

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. ® EASILY INSTALLED— just set in place

‘O EASILY CLEANED—from the inside ® GREAT BEAUTY—MAXIMUM LIGHT

MONTICELLO ADDITION—Guy W. Whiteside of the J Realty Co. sold this National Home three-bedroom house at 5154

By DEAN This ‘weel three bedroo dining room 42 ft. by 28 f! a lot of hou and the pne struction a shape should nomical to b + We enter t is protected f an overhang ‘we find a closet on th room is lon windows and for furniture An arch | room which open and oc French door dining room race which v ant place fo

By United Press

NEW YORK, May 10—Stocks| Metals came back after Chilean

There were two other records Price. Tire stocks showed good

Wednesday| Will mean more tire business, it h since Apr. was argued. Finance companies rose with the autos on the credit last ruling. \ Chemicals registered gains in Building issues im-

Industrials extended

Utilities had several subMany special issues and groups moved higher, Traders continued to watch |corporation reports for a clue to ment of the market gen-

Explanations of the market's

loutcome of the steel seizure case erally. Industrial units continued = kitehy to come up in Supreme Court on to show declines in many in. tk Jesigned Monday, and the truce negotia- stances. Railroad reports were dow opening

“OEE TEVOFaBIe "than "a year ago. w-ateps-leading

¥ The service e There is roo

lifting of credit restrictions was : ’ Norman L. Hammer — 6777 a market factor on Thursday, For example Radio Corp.'s net was . large recre: out. it had Deen dmcounted and/dovy to 45 cents for the Hrs, shop, laundr | : " quarter, from 80 cents a year-ago age. land the stock firmed on ane The three

ample size : ones have ci front one a |

Oils ignored strike news and nouncement of several new prod.

The wide-moving New York &

| Harlem went through its paces The bath Television issues had what Wall in leisurely fashion. It firmed a eated for gu "ular member

a well economical h searching for house for you

To Ni Here it is— research me "100 per gent and bring t! into price co construction, They call i it was deve Products Int tions come f hours and e up” material The latter cause the bri deeper than f man brick. size, but is 1’ pared to the inches, Each brick vertically’ to (8 lbs.) and for the bric unit: Each at one end f ‘ of metal wi and time sav In tests b

They on Thursday—for a total gain “lof 155 points to 505.

JC A Ad

HOOLVENT

AWNINGS

LTR INLET

can ILE. 3377

TERMS ARRANGED 601 N. PENN. ST.

Robert S. Burke—Frank Casey

KOOLVENT

Aluminum Awnings

& MATERIAL CO.

2200 Montcalm st.

was found vu produced stu floor space a for less mont

Desi,

Per square construction : ‘between $1.6 + showed. Co! ranged betw per square f As a resu

pre

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