Indianapolis Times, Indianapolis, Marion County, 30 June 1938 — Page 7

v said.

THURSDAY, JUNE 30,

FHA ANNOUNCES |

HOME BUILDING INCREASE HERE

Reports Marked Upturn in Loan Petitions for Small Residences.

Residential building, particularly | of small homes, is taking an upturn | in Indianapolis, a Federal Housing Administration survey revealed today. The present volume of loan applications indicates a decided in-| crease in the construction of small homes during the remainder of 1938 as compared with the same period in 1937, R. Earl Peters, state director

Residential building costs generally the same as a year ago,

with a few exceptions in some build- | pointed |

ing materials, the survey

out. due partly to increased cent lower, soon, by building supply dealers here. Wages Hold Steady

Wages, the survey said, are about | the same. be shading their profits the usual 10 per cent in order to stimulate building.

Speculative builders are finding | for new homes,

, a ready market the survev indicated.

Mr. Peters said the income classes

buying homes at present are the $1800 to $5000 groups. The bulk of homes now being built fall into the $3500 to $5500 class range. Slightly higher-priced homes are being built near Butler University. in the $5000 and $6250 price class, Mr. Peters said. Commitments totaling $24.700 have been issued to Good Homes, Inc. for the construction of five new Berkeley Road, he said.

Housing Amendment Cited to Farmers

The importance to Hoosier farm-

ers and potential farm-owners of recent amendments to the National

Housing Act today was pointed out |

by R. Earl Peters, Federal Housing Administration director in Indiana. “While prior to the amendment to the National Housing Act, modern{zation loans could be obtained by farmers under Title 1 of the Act, and although this title has been considerably broadened, it was not until now that farmers were placed upon the same basis of nonfarm rome owners in so far as credit facilities of FHA are concerned,” Mr. Peters said. Farm mortgage insurance is now

are

Millwork is 10 per cent higher, wages. | Lumber is between 15 and 20 per | but is scheduled to rise | ‘accordin g to estimates given

Contractors appear to; little. | Some are content to take less than |

homes on

1938

MASON FUN-MAKERS NAME NEW OFFICERS

CLEVELAND, June 30 (U. P.).— | Matt G. Merrill, Davenport, Iowa, | yesterday won a spirited election to [te post of grand venerable prophet | | of the Grotto—fun-making depart- | ment of Masonry. By line of succession, Mr. Merrill will become the grand prophet in {12 years. He became the first Iowan ever elected to the line of succession. | Otto F. Hildebrandt, Rock Island, j Ill, retiring grand prophet, was | elected grand secretary, to succeed | George E. Hatch of Rochester, N.Y, who held the post since 1920. E. Lake Winter of Toronto, Ontario, | succeeds Hildebrandt as grand | | prophet. All officers were chosen at | | the Grotto’s international conven- | i tion.

WIFE PROVIDES

ALIBI IN SLAYING

Claims Bathelt Was With Her at Time of ‘Cement’ Murder.

NORTHAMPTON, Mass, June 30 (U. P.).—While authorities forged a chain of circumstantial evidence against yo. suave John Paul Bathelt Jr., 26, his actress-wife waited here today to see him and help him prove an alibi in the “cement coffin” murder of a racetrack associate. Comely Mrs. Margo Bathelt, her | fractured left leg still in a plaster cast, disregarded her doctor’s ad-

vice and came here from her Park Ave, New York City, home last night. “I know Paul is innocent,” she said, “he was with me all the time and he couldn’t have been up there in South Hadley and with me, too.” But investigators contend that murder was a bizarre prelude to the marriage of the Holyoke contractor’s son and the actress June 27, 1937.

Less than a week earlier, they charged, Bathelt took his friend, Charles Morris, 48, racetrack follower and tipster, for a one-way “ride” in Bathelt’s sedan. Then, they charged, Bathelt entombed the body beneath a cement floor of a rented camp. Only a few weeks ago, the body was exhumed, bound with wire, and tossed into Connecticut River. There girl bathers found it floating eight days

ago.

THE INDIANAPOLIS TIMES

NOTES ORDER $1000 FOR WIFE'S RETURN

LOS ANGELES, June 30 (U. P). —Abraham Pierce, employee of a newspaper, has received two letters demanding $1000 for the return of his wife, Marie, 41, who has been missing since June 19, police announced today. The letters asserted that Mrs. Pierce had been Kkidnaped. ig Mrs. Pierce disappeared from i home June 17, and was last seen Friday in Santa Barbara, Cal, 100 miles north of here, where she cashed a check.

NAMED BY ADVERTISERS WASHINGTON, June 30 (U. P).

—FErwin A. Hiffman of St. Louis

today was re-elected president of ||

the International Association of Display Advertising Men as the organization neared the end of its | annual convention.

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FRANK WILL LAUNCH MISSOURI CAMPAIGN

ST. LOUIS, June 30 (U. P).—Dr Glenn Frank, chairman of the program committee of the Republican National Committee, will launch the 1938 election campaign of Missouri Republicans, Barak T. Mattingly, chairman of the Republican State Committee, announced today. | Dr. Frank, who is a native of Missouri, will address a rally at| Kirkville Aug. 11, Mr. Mattingly | said. i Former Governor Caulfield, whose | nomination as G. O. P. candidate | for U. S. Senator is conceded, wil] | also speak. | Dr. Frank’s acceptance of the | engagement indicates the Republican Party is focusing national at-| tention in Missouri this year, Mr. | Mattingly said.

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