Indianapolis Times, Indianapolis, Marion County, 25 May 1952 — Page 40

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Sure,

‘We Know

It Is Coming

By J. A. Livingston

It used to be said that 1949 was the best-advertised

recession in American history.

But now it looks as if 1953

will win that designation. Everyone—or nearly everyone— is expecting it. At least, in the East, Midwest, and parts

of the Far West. <In the Southwest and Southeast, sentiment is somewhat warmer, but cooling. Washington—the federal ‘government—is just about the best advertiser of all: The National Production Authority has ended restrictions on the construction of entertainment and recreational facilities, Official reason: “Tle needs of defense construction will be substantially reduced during the last half of the year.” Controls on ber and lead have also been re The Federal Reserve Board is expected to announce relaxation or suspension of credit controls on housing as a follow-up to the suspension of Regulation W, governing instalment credit. Price Administrator Arnall has suspended ceilings on cotton and textile products—a reflection of the slow demand for nondurable goods.

~ Contrast

These actions codify official thought. Defense expenditures have not come up to forecasts. . There's plenty of slack in the economy. An increase in produetion of homes and consumer durable goods, such as automobiles,

may

demand down, Weak newspapers or merge with others, intensifying recent tendencies. And If advertising rates go up, advertisers—because they cannot readily expand their own sales volume-—may out down purchases of space, They may spend the same amount of money, but they'll buy less newsprint with it. Curiously, newsprint stocks on hand are nearly 25 per cent higher than a year ago. The railroads have finally settled their three-year-old wage dispute with conductors, engineers, and firemen on terms similar to those reached with the trainmen more than a year ago. This won't add to costs. Most railroads have been charging the new pay rates against earnings. Indeed, the higher rates underlay the recent Interstate Commerce Commission award of a 6.8 per cent freight increase. The settlement ended the 21-month government seizure of the roads.

Sales in Southwest

@ geography of business

would not interfere with deliv. eries of military equipment. Most businessmen are taking these decontrols at cash value. Sure, they're pleased to have the government out of their affairs However, they're not getting any boom in businéss as a result. The end of instalment credit restrictions caused only a mild flurry in new car sales and auto production is expected to level off from its recent rise, Businessmen are oppressed hy costs. It gets harder and harder to offset higher wages or prices by ‘ever-rising volume. Thus, newspapers throughout the country are debating what to do about the second $10-a-ton boost in

sentiment—of pessimism versus optimism--is simple. In the East and Midwest, the slump in soft goods is now being followed by layoffs In consumer durable goods, Washing machines, dishwashers, refrigerators, stoves, and such other items have not been selling well, What's more, plant expansion has not been as important, businesswise, as in the Southwest and Southeast, where construction of huge chemical, atomic energy, and other facilities has increased purchasing power, Thus, in the Dallas Federal Reserve district, which takes In booming Houston and San Antonio, department store sales are

newsprint within a year, Can they increase advertising rates?

More Mergers? Newsprint manufacturers are reversing what happened during the depression. Then newspaper publishers, under pressure of declining advertising, bargained

newspaper down to $40 a ton. about 1953 are increasing. The Wherry-Spence Act,

up 2 per cent so far this year as against last year. In the Atlanta Reserve district,

which takes in Augusta, Nash- ots

ville, and New Orleans, sales are

up 1 per cent, The national average is down 5 per cent.

But even in boom areas, doubts

Some manufacturers closed down, |féar is that when construction

‘others went into other lines ends, employment in the new |gny of the military services to pacity fell. Now, in{Plants won't take up all the slack. draw up plans for a housing a selieng ot, newsprint com-|Just as there was fear of inflation, project and invite civilian buildpanies have pushed the price to|of under-production, a year ago, ers to sponsor it. If the sponsor

Newsprint

Barker, Art Lamb, Lee

Righty members and guests of. the Real Estate Board turned out for the first of this year's five golf tournaments sponsored by |

The next tourney will be held June 26 at Hillcrest Country Club, chairman Leon Sullivan and John Wallace announced.

By JIM G. LUCAS Soripps-Howard Staff Writer

WASHINGTON, May 24 -= Army engineers need $13,500 “to build a family house the Air Force can get from private contractors for $8100. The engineers have an explanation. They say they build a better housq than the Air Force gets from private interests. They contend private contractors usually bulld houses in settled areas, but the engineers often ars called to build at isolated outposts where there are no sewers, streets, sidewalks or drainage. They mus add that to the price. | . And they point out engineers have a certain amount of over-head-—between 9 and 14 per cent to maintain their district offi- , advertise for bids, prepare blueprints and specifications, ete. In contrast to the engineers’ home building activities are those by private builders under the 1949

The Wherry-8Spence Act allows

80 Contend in

SWOOOOSH—Nops, not Slammin’ Sammy Snead, it's Gil Carter teeing off in the Real Estate Board's first golf tourney this year. Waiting their turn are (left to right): Howard Christena, John argon, Forrest Welch, Leon Sullivan and Bill Newman,

bracket were Dick Stackhouse Stackhouse came up with the {and Lou Feeney with sizzling 76's | longest drive on the No. 9 fairthe board. ion the Indianapolis Country Club | way. : 18.

first blind par awhrd with an 85. roast beef dinner served in the

How Much to Build? Week's Grains Do You Walk or Fly? |

Army engineers have three bedrooms. They have more floor and | closet space. The engineers say regularity continued to prevail in| the' $8100 average for Wherry- the grain markets on the Board Spence houses ‘ includes many of Trade this week with wheat °R its way to a one and two-bedroom jobs, it's not fair to compare. 1

tailed comparison of 64 engineer- future contracts. Soybeans closed built houses at Lackland Alr| (Force Base, San Antonio, typical Wherry-8Spence house any-| where in the U. 8. The breakdown the limited offerings and the senreveals that the average engineer eral buying. Another bullish fachouse cost $5051 more than the tor was the reopening of the Wherry-Spence house — $14,051 Staley processing plant at Deagainst $8100.

engineer-built dwelling cost $4386 Mare than ons bulit by a private seusion The main feature in the contractor under the 1 Spence Act. Outside costs—landscaping, lighting, etc.—added another $1565.

$250 more concrete, but the ad-|

ditional space in the engineer peans closed out on the upside, house cost an extra $1900. Be

cause the engineers built base-|er apparently due to the inments

THE INDIANAPOLIS TIMES 4 rt : Estate Board Golf [Railroads Pace - ga an Steck Market 9. Rise in Week

By United Press | NEW YORK, May 24—Railroad |

Real

{Exchange this week rose to the

provements. Industrials also met demand. Utilities showed small

Trading also expanded on the jrise. Sales were well over last week which was dullest since Sept. 3, 1949. @ market started the week on a firm note and continued this trend through Thursday. On t |[Friday, however, the market met soms. realizing. This profit-tak-ing didn’t amount to very much. | Demand for the carriers came jon Thursday when directors of Southern Pacific made a surprise announcement of gggproposal to split the stock 2-for-1. Investors

in ‘Southern Pacific was sus|pended for 45 minutes. day, however, rails were depressed somewhat when directors of Illinois Central declared the usual dividend of 75 cents a share. Wall Street had expected more.

Winners in the low gross score | closest to the No. 5 pin‘and Mr,

: After the tourney, 78 board Realtor Bob Walker took the members and guests enjoyed the

oods produced the drive | clubhouse, Dave W am som counted for a good part of the

Nash-Kelvinator. however, denied this. 300,000 shares of Packard changed hands this week. It

Are Irregular

| By United Press 8 CHICAGO, May 24 (UP)—Ir-| aturday.

{

tion's industrial output continued

soland carn showing moderate losses while other grains made) advances. The highlight of the week, how{ever, was the closing of the May

a few weeks ago. of industry joined in the recovery.

Detailed Study Steel production bounced back

The Air Force has made a de-

very strong with a spread of 3 and a to 9% cents a bushel higher than

{the previous day's close. The) {an output of 2,104,000 net tons of

steel for castings. Elsewhere, automobile production did well, Although under last week because of labor troubles at De Soto, Briggs and Mercury's New Jersey plant. U. 8. car and truck production was estimated at 118,438 vehicles, compared with 119,939 turned out last week, Ward's Automotive Reports revealed.

mills this week operated at 101.3

{main factor in the upsurge was

catur. | May wheat also closed strong Counting only the house, the with gains of 2% to 4% cents a session that day was the marked {widening out of the premium for {the maturing month over July. {At the close the difference was |41, "to 16% which is about the The Wherry-Spence house used widest on the crop. .

However, while wheat and soy-

Wherry-

“iboth corn and oats finished low-

at San Antonio—some .reaged receipts of the grains on

¥ 3

{issues on the New York Stock] {highest average since Mar. 31,! |1931. + | Gains in -the carriers ranged |

; to more than a point with some (pivotals showing much wider im-|

gains on the week. |

Low-priced Packard Motors ac)

full recovery

| | |

| owner of this five-room home at hociMly | by J. C,

Your Garage

Can Become Extra Room

were taken so completely off! v..ve got an extra room for guard by this move, that trading! 2

time. It’s your garage.

use it?

Many garages have

EAST SIDE—Paul Feltz of P.

been, |pressed into service as rainy day Paller, Paller Engineering, ‘ first

SUNDAY, MAY. 25, 1052

R. Mallory & Co., Inc., is the new [THF 'N. Tacoma Ave. It was sold

for David Laughlin, personnel director of the State Police, Ewing of the Wayne Whiffing Co.

William F. Freije ‘Named as Head Of Engineers Unit

William F. Freije of Hayes |Brothers, Inc. piping contracting firm, has been named chairman lof the Indianapolis Section,

{American Society of Refrigerat-

your house, but you probably ing Engineers. On Fri-|waste the space in it half the ,,. Freije succeeds William E

{Spridgeon of Frost Air Co. the

While your car is gone the gs... .}airman of the ASRE chap. space stands empty and unused.

It cost you money, so why not

ter, which was organized locally a year ago. Other officers elected were: Ben

{playrooms or extra clothes drying vice chairman; T. A. D. Jones,

play space.

| Garages attached to houses are| showed a slight gain from last being fitted out with glass walls, dinner this week at the Con(asphalt tile floors, and auxiliary struction League.

On the business front, the na- heating units to make extra gen-|lapel

fans have even made

southern exposure;

volume this week. The stock met space. Car ports are made into Kingan & Co. second vice chairconsiderable demand on rumors | part-time porches, and many de- man; Edwin E. Hunter, Duncan that the company will merge with (tachedsgarages in the back yard Supply, secretary; Dan C. Fulk, Both parties, |are being expanded with porches Hayes Brothers, treasurer.

Mr.

Around (to give more indoor and outdoor Spridgeon was named national

director for the local section.

The election was held at a A key and

button were presented to

{eral purpose rooms. Some garden retiring chairman commemorat- | their ing his service on behalf of the from fhe strike-reduced level of garages double as greenhouses by section in its first year. All segments installing a glass wall on the

The executive committee will {meet Tuesday noon at the League

What about those grease spots? to appoint committees for the

{ plywood panel can be cut to fit.

{To cover it up, a small painted

sharply after the recent shutdown| You take care of that easily by year. The American Iron & Steel In-|Putting a small pan under the stitute disclosed that. the steel CAI OF making your own grease catcher. Just make a small rec-| daily in The tangle in the floor and border it %®"¥ Times.

per cent of rateq capacity With) th curbing an inch or two high.

Indiana's best loved garden column, Dishing the Dirt, appears

NU-WA

Pl a

® YLooRING © WALL MATERIALS

YT 248 N.MERIGIAN +H 1.8998

| sarees |

| { | |

HOME SUPPLY

t J 14 11h Free Estimate, RI. 5894 236 E. New Y

ork St

n Mon, & F

Rook Lath, Plaster, Doors,

BUILD YOUR OWN 2-BEDROO

Lumber, Hardware, Reofing, Flooring, Pani,

(01-5

$3213

Windows, Cabinets

$126 a ton, an all-time high, ex-|now the worry is over-production. cept for a few months in 1920. We won't need or use all the new

is approved, he gets an FHA guaranteed loan of 90 per cent wasn't necessary—they spent an

thing the Air Force contends ype cash market.

The effect is bound to force| plant capacity. of his investment. He must agree sqditional $510 on masonry and

Read “Outdoors With Field and

Hogs Off; Cattle, Sheep Up

By United Press CHICAGO, May 24—Hog prices fluctuated considerable this week and ended 50 cents to $1.25 lower while cattle ‘and sheep finished mostly higher.

There was little net price change in hogs through Thursday, but a severe decline resulted Friday from the heavy week-end receipts, the largest for a Friday in three months. Prices reached the highest level since August on Monday this week when the top of $2325 was paid for sorted lightweights, : At the week end the extreme top was $22 paid sparingly for a few lots of selected light weights by order buyers. Most choice 180-220 pound butchers closed at

down to $19. weights 400 pounds and under closed at $18-18.75 with a few at $19. $17-18.

$20-21.25, while 260-290 pounders brought $19.50-2025 and small numbers up to 330 pounds were Most choice sows

Bulk 400-500 pounds were Slaughter lambs closed 50 cents

higher this week all through the

list. Sheep were fairly active

early in the week, but closed slow

and steady with late last week. steers made up the

Slaughter lion's share of the offerings this

week, comprising 68 per cent of the total cattle receipts, Choice and prime over 1100 pound steers closed steady to 50 cents lower, but all other weights and grades along with heifers and cows fin-

can rent-to non-service personnel

ing list.

Wherry Act Popular The Afr Force likes this plan.

33,000 houses under the WherrySpence Act. Approximately 15,000 already are occupied. WherrySpence construction is under way at practically every Air Force base in the world.

to rental rates in advance. Heap extra $54 per house on damp-| Stream”

proofing. For each basement, the| ’ only if he has a vacancy and nO had to spend $150 for | Jus uey' Woits page. military families are on the wait- pumps, |

floors; that accounted for an-| So far, it has arranged to bulld| ©, $470 extra.

{$280 more than a Whetry-Spence| roof. The kitchen linoleum cost ‘$15 more, \ than the private econtracter for! hinges, locks, etc.

The engineers say they simply {was more expensive by $150.

Wednesday and Sunday

SPECIAL NOTICE To All Mascha Manufacturers Clothing, Dry Goods, Sh Hardware ¥ Ar Oil Shops Toys. Tool. andy, Dishes, Novelties, lan 8 mum es, ote. Jou wmerchandise on the she! counter, in the stock room,

pr |§ ends, goods you you ean’t sell It, spent $100 more Seti Soemetr ell Hoe. wy INLAND CITY JOBBERS

Calis Made Any Place In the State 505 W. WASHINGTON. LI-1283

Floors Cost $470 More i The engineer house had oak]

Its roof cost!

PENCING—GATE ERECTED COMPLETE ORMAMENTAL IRON WORK Pros Tiber a arees BR. 5427 ,02"5 “Tals vets

Its plumbing!

arrange -to build whatever the services want. They arrange for blueprints and advertise for bids. They say the $13,500 figure was put in the Military Public Works Bill as an average. In the South, the engineers say, houses cost well under $13,500. In Maine, however, they may run as high as $18,000, so it all averages out.

Most of the

OPEN SATURDAYS

N. Keystone at 52d «os BR-5454 Nora Branch ..........BR-6863 Castleton Branch ......BR-0415

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houses built by

TERMITES

Stop Their Damage Yourself With ARAB U-DO-IT Available Now in Housewares At L. 8. Ayres & Co. Protect your home against termites — do it yourself with ARAB U-DO-IT (Chlordane base). Odorless and will not harm flowers, shrubs or trees, Non-inflammable. One gallon concentrate makes 100 gallons }i ready-to-ussé termite control, } and will treat the average size J house. Complete easy-to-follow | NO DOWN PAYMENT directions on label. Pint, $5.95; | Lifetime Property Protection gal. $20.95. Get yours right COMPLETE ERECTION away at L. S. Ayres & Co. Free Estimates—Easy Terms Housewares, Fifth Floor, .- IM-5013 726 RUSSELL AVE.

RAIN 0: SHINE

$2121.75 with 230-250 pounds at|ished steady to 50 cents higher.

Gas Areas Inland

In the United States as in Canada, the great centers of natural gas production are far from the eastern seaboard. Leading all others is the derrick-dotted block of states in the south and southwest: Texas, Louisiana, Oklahoma, Kansas, New Mexico} Mississippi and Arkansas. The ofl-

Review Course

For Appraisers

Appraisers of 10 or more years experience who hope to qualify . for M.AL designation are off ‘a 3-day review course at - diana University Sept. 29-Oct. 1, sponsored by the American Institute of Real Estate Appraisers. |felds of southern California rank | The course immediately pre- second; third are the fields of ceeds the examinations to be held the northeast — Pennsylvania, Oct. 2-3. Not for beginners, it is West Virginia and Ohio. designed as a review of basic principles, theories, methods and Spanish Accent techniques. of evaluating reall ‘tne National Association of

estate. Home Builders chartered its first| Arrangements may be made for organization ‘outside the conti«food and housing while on the nental United States on Apr. 12 campus for the review or the with the affiliation of the Home { examination. For further details Builders Association of Puerto) * contact the Real Estate Board, |Rico at San Juan.

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ro erred i ATONE 277777274 2020 gq

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Aluminum - Awnings

A PLUMBER’ LADY YOU IED WATERPIG STOP. THE LEAKS'AND THOROSEAL TO SEALVTHE AWALLS +

. . » #

SUNDAY. Ow

41 Houses For . NEW LI

4871 E. KESSI Kd Dorel ve aiyibe , Am 1 nal, dining mn, consist %. sink;

i ouse toc 0" - Call Pre \ PA Ww BR A Goll TO CLOSE in SOLOR FOR RE reek Boul VAI wer unit has and bath and Dpper units hs bath rented MN ing can ‘eas 3 more apts. 1 Opportunity fo : pt. all Mrs -2438. JACK C. (

5106 E. 10th

front porch; bath; sp , plenty of eating eaut. cabinets and cabinet-type fu water heater; fenc with or oven overhe oor. Wi act with oN Sov Fatn PARTLOW BR- 5425 Colle

9535 BRO, JUST AN 8-MI FROM BROA Attractive 3-bedr Nora school district marble firepl.. the window, roomy Bedr bath, Ize. dining rm full bsmt.. auto hea laundry and recrea attac

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m! a be Ty wha | sity pore , 3-cAr attacl as

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aka PARTLOW

BR-3633 5425 Colle

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