Indianapolis Times, Indianapolis, Marion County, 22 June 1952 — Page 38

| Industrial Stocks Climb Near '52 Top; Rails Coast

PAGE 38

Business Outlook— Living on A Plateau

By J. A. Livingston _ |week at 270.19, up 1.63 points and California. The steel strike, now three weeks old, is beginning a new high since last Feb, 2. The to pinch. Many companies—Ford, Oldsmobile, Dodge, Cadil- rail average added 1 cent and

By United Press

. ling the past week, while the re- made small gains. ‘cently strong rails rested. | Several other high-grade stocks genéral manager, disclosed, The industrial average steadily gained a point or more including

group outside those used to calcu- nance Arps, he jo ks {late the averages. They included] The celebration wi ake the lac, International Harvester, and others—have been forced '"% wy ony Eavter Oil, up 12% points; Can- form of a luncheon for nearly to revise production schedules downward. non Mills, up 3%; American Car 300 invited guests in the Traverin prices, but a disappointment in

Layoffs and shorter work . . ; | Pr ti {f the 10.000th ! : ‘ iup 5; Motorola 74%, up 4%, and! esentation o . weeks in metal-working plants are estimated to be 9 per cent gales volume. Sales for the week | Montana Dakota 1 ly up 41%. transmission will be made by R. are not yet SONORA bt higher than in 1951 by the BSe- (,taled 5,671,500 shares’ a daily they're threatening. utput of ecyrities & Exchange Commission average of 1134300 shares t Alld to M i ; 110 Ry +'road list ranged between a gain sion operation at Allison, to Maj. military items—bazooka rockets, and Department of Commerce. ,gaingt 6,176,600 shares or lof % point in Louisville & Nash- Gen. E. L. Ford, chief of ordmilitary trucks, mortar shells, pefense outlays are still sched-|q,.y ayerage of 1,235,320 shares ville and a loss of % in Great nance, representing the Departpki A others is Dein ulnd to vise. And state and Joeal a week ago. Northern. Missouri Pacific pre- ment of the Army Ordnance, curtailed. arge ; . ’ f Acting Defense Mobilizer John S0VSTTMents are engaged In IaT8® romobile shares stood out in|ferred was active and strong for a, Corps. R. Steelman has been trying to undertakings, /the group making up the aver- time. It fell from its high but Special guests Include work out a plan for stopgap out- 4 Much More? \ages. General Motors gained 2'4 netted nearly 2 points on the Ford, Brig. Gen. C. H. Deitrick, ow vc ore {a8 , Kk Ordnance Tank-Automotive Cen-| put of steel to satisfy immediate and Chrysler 1; points. This week. lter: Gov. Schricker. Mayor Clark, The determining question in the ;.isrment reflected hope for an {ter; Gov. Schricker, Mayor Clark

munitions requirements. That's a a major undertaking—orders are so business outlook is still: HOW carly gettlement of the steel]

widely scattered among so many much farther has this capital ex- |. companies, not only makers of pansion to go?

steel, but also makers of muni- . Some oomph seems to have Pp tions and parts. gone out of home-building. Con-

tractors are finding it a bit more Dream World difficult to dispose of

{ R. K. Evans, executive vice presi|dent; Charles F. (Boss) Ketterling, research consultant; C. R.|

‘Highlight Grains Osborn, vice president; E. R.

CHICAGO, June 21 (UP)—Rye Godfrey, vice president, C. A.

noticeable effect on general busi-| ness. The high level gen just con-! Plant expansion seems likely to| tinues, Employment is still vir. Pass its peak’ this year. A tually at an all-time high, unem- Federal spending is also ap- . ployment virtually at a cold-war Prosehing a cHiiing. A year age. low. jou ys 0 > i This is tne economist’s dream Programs were at a rate of $40 tle and sheep suffered sharp back fairly strong later. {

breaks. Wheat world: Equilibrium. Neither infla- billion annually. The recent rate ==... high on barrows moderately lower even though the Allison Plant 3 in Speedway

tion nor deflation, neither boom Was approximately $54 billion, |, 4 ois’ was reached in the clos! market sold off to new seasonal City, where a tour of the trans-

By United Press [rather dull trading periods. {bers of General Motors manage-

CHICAGO, June 21—While hogs' In spite of liquidation of 30y- ment, losed slightly higher on the live- bean contracts early in the week, |

tock market this week, both cat-/the market managed to come] Tour Allison Plant

| manufactured by the Allison Di-| There, a tent has

i | strike which soon will hit the auto Vision of General Motors Corp. g, NEW YORK, June. 21—Indus- makers hard. Steel issues also came off the production line this prog 'trial shates led stocks higher dur- were sustained and the leaders week, E. B. Newill, General Mo- out for a demonstration of a ment of the Allison men and Lo tors vice president and Allison Gen, Patton tank.

climbed toward its 1952, high set American Can, General Electric, ing a special presentation cere- ,...o Ayison Transmissions wil It closed the Goodyear, and Standard Oil of mony Wednesday, at which time on. display.

it will be formally presented toi ;ip.q py 105-piece 31st Division 90 But the big gainers were in the the Department of the Army Ord- py 10 Bond. P lof our country."

Expansion Needed

KANKAKEE, I.—To accom-|

has become the world's largest ‘manufacturer of automatic trans-/

Net changes in the main rail-E. Lynch, manager of transmis- "UNE U0 (0 ON M47) Gen, Patton tanks, and the CD-| 500 transmission for the T-41! Walker Bulldog- tanks,” he said ‘Allison's makes the transmisGen sions for about 18 other Ordnance ‘ vehicles.

.jand many Indianapolis digni-', General Motors b | usses, Budd Rye and Soybeans tari From General Motors are... .,rs and many applications for commercial heavy duty equipment field.

: revolutionized operation of tanks omes, * dditi to tra ittin land soybeans again highlighted Mi and In a on to nsm g : . { chel, general manager of Guide a As yet, the strike has had no And it's easier to get help on [ Ho 5 Gain |the week on the Board of Trade, Division; John F. Gordon, Power, it also steers, and brakes odds-and-ends jobs. {while oth rains lost ground: in| : t while other 5 8 \vice president, and other mem- ,.,. of one small lever which can be operated with almost the!

ease of the hydramatic lever in; an automobile,” Mr. Lynch said. |

| After luncheon, guests will bel, futures finished only taken by bus from the hotel to w.n4 to Korea with the 6th Bat-!

talion, ~ describes {which 12

presentation,

“Allison, sirice World War IIL

missions for heavy duty equip-| jaround over the previous week | o Foundry, up 3%; Rohm & Haas, tine Room of the Lincoln Hotel. ment,” reports Mr. Lynch, “In ad- modate some 6.6 million persons,

dition to developing and manufac- now living In too-cramped quar-| the CD-850 cross-drive ory the nation’s architects, build- | ers and contractors must devote more attention to the expansion | of existing dwellings, states J. F., | Donnelly, president-elect of the Gas Appliance Manufacturers Association.

] ¥ ig a J, AYLI /VAILLWORK

Makes Tanks Versatile “Transmissions are also made

“This kind of transmission has

he tank. This is" all done by

“One Allison service represen-| tive,” Mr. Lynch declared, “who

an action in

of our Gen, Patton

nor bust. The cost-of-living index and the estimated peak, to be... c.qqion when the bulk of the |ows in three consecutive sessions. Mission and other manufacturinglma is “discovered 20 Red T-34

rose a bit In May, 1s back to where reached in ‘53, 1s around $65 choice 180-230-pound weights it was in January. Food and rent billion, th : thai. 3 brought 320152028, mostly 21 are up, house-furnishings and us, the expansion at lies and above for uniform weight : . i: down. Cotton yhas wheat ahead is only $11 billion as butchers averaging around 2202 bushel lower corn 24 ; drops. Zinc's weak because of the against $14 billion during the last pounds and under. lower; outs 1% to 2% lower; rye, steel strike—less demand for gal-| 12 month. And It's quite possible, The sharpest declines of the 3 A to 7'4 higher; soybeans 14 a vanizing. in view of Congressional cuts in year were featured in the sheep 3% higher; lard 40 to 53 points a| | Yet steel prices are due for a appropriations, that even that in- market this week. Practically hundred pounds lower. rise'once an agreement on higher crease won't be achieved. sveiyining lost 2 5 > tn — wages’ is reached. Shoe produc-| The bright spot is state and lo- slaughter lambs, pringers ag in New England oy lv eT projects. The car- and old crop lambs and yearlings, Weed Takes Over firmer tone, shirt manufacturers ryover demand from the war for the lowest since June, 1950, and yn4i3 hag a weed, kans grass, are feeling more cheerful about schools, hospitals, sewage sys- sheep the lowest since June, 1947. .orimon to no other part of the, incoming business, cotton sheets tems, turnpikes, throughways, Compared to Friday last week,/o pp t has invaded an area \ are strong. etc. is still large. : (choice to prime spring lambs io... (he size of New Jersey J On the other hand, tire inven-| Meanwhile, Mi genera) on- Sobped at $30 early, but closed at 4 pag taken over much of that tories are hi » isumer plays It cozy. r maybe . : {land completely. . : | 4 been (She high and prices ave might be more appropriate to. All classes and grades of cat-| ane ap ely : rediictions on refrigerators, Washe SrYCs REN ‘kpending freely. tle and salves filtered the ‘worst! Keep up with homé decors ing machines and other house- WHY’ Partiy™tecause he is /genera’. price break. 'n "OVET trends In the weekday wo hold-hard goods, ~~ ~~ bought up. Partly because he's Y°4r, with declines of ‘$1 10 $4, pages ‘of The Times: “TRroRAlY ApeARTAE. (He “FIREAT PRYIDE SH dab prim partly -be-glammering Juotations down "to rr advance in capital goods counter- (Ruse higher taxes and shorterfihe Jowes: level since late 1950. balances the lag in the consumer ¥Ork Weeks have slimmed down Compared -to Friday a week] disposable pay.

Compared to Friday a week facilities is planned. ago, wheat ruled 1 to 1'% cents| After the tour the guests and) to 53, [employees of Allison Plant 3 will gather at the west end of Plant 3

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Structural wall and door mir- steers sold-at $34.50-35.50, but the illusion of week's bulk choice and prime fed and yearlings 1$30.75-34,

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Allison Celebrates 10,000th Transmission

The 10,000th tank transmission/for the presentation ceremony. tank or a man. This is represen-| been erected for tative of other experiences related and another by those in the field,” he conhouse a display of Allison cluded. it ucts. A track has been laid, “We are proud of the achieve- | ah, WEST ENT

. {women who developed and manu-| n Several other ordnance and factured 10,000 transmissions An Number 10,000 is now await-|,,. .ia] heavy duty vehicles/record time” said Mr. Newill. “It| 1 should make them proud to know | their efforts is ing a good job in the defense

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