Indianapolis Times, Indianapolis, Marion County, 18 May 1952 — Page 42

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a #1i ‘cago, Detroit and other financial

~~Jatives would do credit to Cham- . ber of Commerce orators. ? Nevertheless, . asked:

“president of the chemical divihing "wb.porarily over - produced.”

A.for themselves that even this new wgPlant was not operating at maxiimum capacity. And department

' boom in aircraft, the urgent re-

“chemical and petro - chemical

“serves,

how

.. Business Outlook— : - Sun Rising | In the West

Si ,

_present.

York, Philadelphia, Boston, Chi-

centers spoke enthusiastically of “long-term prospects. Their super-

when analysts “How's business now?” the glow faded. John D. Fennerbresque, vice slon of Celanese Corp. sald the “synthetic fiber industry was “temAt “Owens - Corning Fiberglass, San Francisco, the analysts could see

‘store, restaurant, and night club

J. A. Livingston - HOUSTON, . May 17—The Southwest and the Far West -+have this in common: The future glows brighter than the

; Business executives addressing recent formal meetings 19 of security analysts from New

months. to pay will bring in customers. Ever since the end of the war, Regulation W has been a barometer of business—although one that usually gives late readings. There was a slight softening in business in the spring of 1947, and in August Congress called for the suspension of Regulation W within three months. Then, in September, 1048, inflationary forces had mounted to a peak, instalment credit controls were reintroduced. They soon proved to be unnecessary, and were eased in the spring of 1949 and then ended. Along came Korea, the buying binge, and a new Regulation W,

“operators freely confessed that

Some relaxation was possible last

the cash registers weren't ring-| Summer and again in April. And

o “ing as they used to.

A Skeptic

Rapid growth colors thinking) out here. A 50 per cent increase |

{now W has been suspended once more. | Business, like nature, hates a | vacuum. The rush to fill post war and post- Korean demand for

{goods of all kinds—autos, appli-

in population for some Pacificiances, steel, aluminum, copper,

Coast and Southwest regions in

the last 10 years is not unusual. The rise is well beyond the na-

tional average of 15 per cent. All that is the result of the

development of mine and ofl resources, the construction of vast

“plants, The Southern Pacific proudly advertises in the western and southwestern states it the value of industrial output increased 372 per cent “from 1939 to 1850 as compared to a 257 per cent growth for the rest of the nation.

oil, chemicals, sulphur—has begun to slow down. New plants have been completed or are nearing completion. In Louisiana and Texas alone, $1.37 billion of new construction {8 underway or projected for chemicals, metals, and petroleum, according to a tabulation by the South Texas National Bank of Houston. That rate of expansion cannot take place without catch ing up to demand—in time.

Hope Versus Reality Starting now, the demand for building materials for defense plants will taper off. And in the

People go where work—op-portunity--is, as well as . vice versa. One skeptical analyst from the East raised this question: What if the expansion doesn't continue at the rate to which ‘business men in these areas have become accustomed? Bankers, retailers and wholesalers are mote concerned about

¢ such questions than business men

third or fourth quarter, deliveries of machinery for these plants will have attained a peak. Likewise, defense spending.

Bo, for the first time, businessmen everywhere are in a position to measure expansion against probable sales. Utah Power, for example, is recalculating its projection of load before continuing

attached to the still-booming air-/ with plans for installation of new

oil and chemical The bankers have

craft, tries.

indus- generating equipment, been | expectations

Possibly have been more]

through booms— and busts—be- hopeful than realistic.

fore, and wholesalers and retailers are feeling the pinch of high-

So far, the growth of industry |

and population, pro-generating Xavier Church last night.

er costs. So much so, that In. the yore industry and population, first quarter, profits of 24 whole- nag peen sufficient here and in sale and retall companies were i,q sar West to brush aside mis-|Dates were heard over loudspeak- down to $16.50 and below.

down 45 per cent from a year ago, according to the National City Bank of New York compilntion.

Ups and Downs uspension of installment credit control is looked upon as a reflection of poor business—of

givings. But all the while, new plants were going up to meet expected future demands than current needs.

rather

Sure, Chambers of Commerce spokesmen can ignore what may happen in 1953 or 1954, They can talk glowingly of long-term

+. Slack—rather than as a boon to The Reserve

~duture business.

growth, of 1960, 1970, 1880. But the businessman pays bills with today's orders and tomorrow's re-

SOLID MASONRY—Built of cinder block—even

Stock Market Prices Decline in Dull Trade .

By United Press jworking on the case of the steel NEW YORK, May 16-—Prices mills against the government. seideclined fractions to more than a|zure, the rate of steel production

point on the Stock Exchange this! was stepped up nearly to the level

By United Press CHICAGO, May 17 — Hog prices continued an advance this week in the most sustained and sharpest upturn since February, 1947. The spread in steer prices narrowed further and showed less breadth than at any time so far this year. Broad demand and short supply for high-good sheep forced prices up. . The closing top on hogs was | $22.85, the highest price paid since August, 1851. The same bullish factors prevailed, including continued light receipts at most key markets, very broad outlet on order buyer account, and further strength in prices in the pork trade.

since 1049, lem brought confusion. All departments joined in the One favorable development in sell-off. Oil equities were the the steel situation was the fact hardest hit. Some volatile issues that the damage resulting from In this group showed wide de-/the fast shutdown by the steel clines. Rails also met some sell-| workers’ walkout, wasn't as bad ling. Utilities, however, were gen- as at first estimated. |erally neglected and they finished SE practically unchanged on week. . Despite the decline, Wall sees Pr ICe of Ho S quarters were not alarmed. They, pointed to the small volume. As! measured by five full trading ses- (“§g 2A sions, the week was the dullest | ISIN since Sept. 3, 1949. The market started thé week out on a mixed note. It strengthened on Tuesday, but this mild upswing was of a short duration. In the latter part of the week, investors definitely decided to lighten -their holdings' somewhat. Oil shares were exceptions to the trend in the latter part of the week. They recouped some of their earlier declines on the possibility of quick settlement of the oil strike. In the way of market news, steel continued to be the big news In the business world this week. While the Supreme Court was Battle of Faiths Ends in Draw STILLWATER, Okla., May 17/230-pound barrows and glits (UP)—An unusual public defense brought $22.25-22.75 with a few of their faiths by a Roman Cath-|lots sorted No. 1 lightweights at olic priest and a Church of Christ $22.85. Most late sales choice minister ended at Stillwater with- 240-260 pounds were $21.25-22.25; out judgment or decision. {choice 260-290 pounds, $20.75 A hard, driving rain poured 21.75; bulk 300-350 pounds, $20down on the 4000 persons who 20.75; choice uniform 375 pounds couldn't get inside St. Francis big weights, $19.75; choice sows, I1t|400 pounds and below, $18.50finally drove them from the/19.75; 400-500 pounds, $17.50-18.75, church lawn to shelter. The de- small number heavier weights

ers by those on the lawn, , | Receipts of all classes in sheep The series was planned‘ five fell far below a week earlier in months ago when the Rev. Eric/local markets, but 12 large marBeevers, pastor of St. Francis kets stood substantially larger. Church, challenged Elder Stevens, This. indicated that winter finishminister of the Stillwater Church| ers were hurrying the tail-end of Christ, to the debate to air a Supply of the winter crop through “local issue.” market gates. The priest said Stevens preached sermons against the Catholic church.

NU-WA

THE YNDIANAPOLIS TIMES

Avon Home Open for Inspection Today

week in one of the dullest periods! it was before the steel wage prob-|.

At the close most choice 180-|telator magazine.

: Board acted only because the : governors felt credit restraint no : longer is necessary. Automobile as rosy dealers, particularly on the West |i (O0 Wl Coast, are by no means certain smaller down payments and more

ceipts, not with 1960's prospects. the distant one.

sessions. The speeches and pre-

And the short-term view isn't At what analysts hear informally in private homes or at small let's take-our-hair-down

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Don't be misled by claims, “It can’t be done.” Check carefully before you buy. Let us show how you can own this beautiful 3-bedroom floor planned home on your lot for $2293.95. We con help you with plans, prints, finencing and labor if needed. SEE US BEFORE YOU BUILD OR BUYI

Pace Kept Up

| (than a half million dollars, Chair- * Iman Guy F. Boyd announced.

the partitions.

Here's a home offering 2200 square feet of floor area you can buy for $21,000-—about $10.50 per square foot. The three-bedroom masonry home is built by contractor Don McCalment one-quarter mile west of Avon on U. 8. 36, Twelve more such homes are planned for the area. It is open today for public inspection from 10 a, m. to &§ p. m. All walls and partitions are built of cinder block. The out|eide is bricked over and interior {walls are covered with Zonolite | plaster.

Half-Acre Lot

The home is built on a halfacre lot and features three bed-

tull sized dining room, modern kitchen, built-in garage, &:17-foot fireplace outdoor unit for the patio and a garden house, The home i» just 10 miles from the Circle. ; The builder, however, will sell the home on contract only. It'll take about $7000 down and carry a 5 per cent interest rate. Because of taxes, this home would have to list a sales price of $24, 500 if sold for cash, Mr. McCalment said.

No Complaints

A Ft. Worth, Tex:, home builder is providing $40 per month housing to the $200-$300 monthly income group in his area who are willing to do the interior finishing themselves, according to CorHouses are

complete with plumbing and

to his own taste. During the last three years 400 such houses have been sold.

NEW CONSTRUCTION expenditures for March totaled $2,247,000,000—an increase of 13 per cent over February.

rooms, a 13 by 24-foot living room, |

necessary mechanical equipment,

Sells Florida Realty

but a purchaser finishes the home |

Half Million

By North Siders

. For the fourth consecutive week the ‘Associated. North Side Realtors reported sales totaling more

Secretary Wayne Whiffing reported 41 sales for the week worth $502,478. The sales: Wayne Whiffing — 605-7 Bancroft St., 1827 BE. 35th St, 5112 E. 38th St, 1818 E. 11th St. Thomas F. Carson—2174-76 Talbott Ave. “ Fieber & Rellly—6041 Birchwopd Ave. # Gil. Carter Co.—8108 College | Ave. |

Ford Woods & Co.—39038 Winthrop Ave.

Gerdenich Co.—6335 Berwin St. |

Edgar E. Brodbeck—5125 and | 5130 University Ave.

| Bruce Savage Co.—35718 Shimer | St, 410 W. 63d St. 4321 E. 21st St., 5580 Washington Blvd, 545 Highland Ave. J & L Realty, Inc.—3251 Sutherland Ave, 3255 and 3261 Sutherland Ave. W. L. Bridges & Son—5638 Oxford St. Uptown Realty Co.—5139 Keniwood Ave. | Robert L. Mason—2504 N,

(Emerson Ave., 5051 Emerson Ct.

| ‘Knight Realty Co.—4621 E. 35th St, co-operating broker Walt Veon; 2625 N. Gale St.

Margaret Evans Co.~—5335 N. Delaware St, 5839 Washington Blvd. ae T The Spann Co., Inc.—Lot, 3100 N. Sherman Dr. Norman L. Hammer—3034 N. New Jersey St., co-operating broker Gil Carter; 1225 N. State St. Walt Veon Co.—T719-21 E, 36th St., 9445 Central Ave., 5449 Winthrop Ave. 2510-12 N, New Jersey 8t. Fay COC. Cash-—Lot, northeast corner of Capitol Ave. and 52d St.; lot on Carvel Ave. south of 58th St. Haynes Realty Service—Castletoa property. A. H. M. Graves, Inc.—5645 N. Delaware St. 3225 W. 30th St. 3728 N. DeQuincy St., 3729 N. DeQuincy St., 3733 N. DeQuincy St.

Charles Porter, former Indianapolis and Danville photographer, has joined the M. N. Good Realty Co. in Miami. Mr. Porter for merly owned and operated a gift jewelry and camera shop in Danville. :

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SUNDAY, MAY 18, 1952

OPEN TODAY—Noblesville project to inspect 1-8 p.m.

Most Grains Edge Upward

By United Press’ CHICAGO, May 17—Grain futures on the Board of Trade during the week were rather mixed with most contracts ending on the upswing. Deferred deliveries of wheat and the oats market, however, finished lower. Traders: had difficulty in finding any reports to inspire buying incentive during the fore part of the week. Very little inspiration rame from Korean news, export business or ‘weather comment. The tone was nervous partly as a result of the belief that export business would be slow until the new {international wheat agree ment program starts. Later in the week, however, the markets began an advance under the leadership of soybeans. The stimulating factor was a renewed outburst of strength in the hog market and the firmness displayed in the cottonseed and soybéan oil markets, On the rise the May contract of beans advanced to the highest level since midMarch. Wheat was depressed this week on the continued favorable weather and crop comments both from the Northwest producing areas. Export business was rteg-

ligible and flour trade was quiet,

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| The homes feature Youngstown kitchens, garbage disposals, au. tomatic heating plants, hot water, hardwood floors and full basements. They come in two and three bedroom models and prices range from $10,500 to $15,500.

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Thre Two

By HU

There are, kinds of te One kind isn it wasn't su first place. to be level | three is lev that way. Type one i: It's just a'm some of the down flat st of concrete, | dig the hole: with a mixt ment, two p parts gravel. the most co across and i struct. You

four

inches

right’ over t the ground s the. concrete that roller cc a lot of wo that concret why whoeve! put a little and build ty This terra poured concer can be cover

flagstone,

from three « and rests on gravel about packed into crete slab r

well

drained

chance of thi sinking.

Sweating Not so lor flush tank f the warm w pathy and Well, things and not onl stop this ar got a choice Method No sweat all it water and lef where it won is all accom a little meta the tank anc bowl with a . Method Ni the tempera the tank hij tion* cannot there won't This is very done is to bi into the tan] the line so t . is around T7( Method Ne can insulate the warm m vent sweatin has not bes

insulate

the

problem unt up a little ¢ to the one o So that g ways to ke tank nice bothered wi tank this su yourself and

Miscellan If you use ing system t

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Happie Washei Culliga cost. healthi yours i offer, signed