Indianapolis Times, Indianapolis, Marion County, 8 March 1940 — Page 28
Ey BREESE moni
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BELIEVES WARS AID TO BUILDING
Robert Allison Predicts New Home Demand in Nation.
for all economic goods will arise from a period of prosperity due to the Eufopean war. So believes Robert Allison, president of the Allison Realty Co., 140 N. Delaware St. “While the recent upswing cannot be attributed to the wars abroad, nevertheless, the nation as a whole will feel the effect of increased economic needs from the belligerent countries,” Mr. Allison said. “As it is, the warring states are straining their productive facilities to manufacture war needs and are looking to neutral nations for many necessities of life.
Sees Pickup on Way “Fortunately, this nation has been spared a war boom which would be harmful to virtually everyone. If we do experience a mild period of prosperity arising from war business, American building will be affected by a greater demand for new homes, as well as an increased desire for all economic goods. Past history shows that during major wars there is generally an increased demand on the economic system, although the economic system is not always able to supply those demands. “As we stand today there is no immediate danger of the United States becoming involved in the European struggle, and if we do have a boom in the mildest sense, it will be because we- will sell more goods abroad and not because we must equip, clothe and feed an American Army on foreign soil.”
Gain to Be Normal
Mr. Allison said he believed that during the next few years the nation will note a gradual but not abnormal increase in prosperity and that the present demand for small five and six-room homes will continue. 5 He reported the sale of 50 dwellings here since the first of the year, an increase of 10 per cent over the first two months of 1939.
CONSTRUCTION MEN TO HEAR R. L. DUBOIS
Ray L. Dubois, local businessman, will discuss “Consumer Co-Opera-|. tives and Their Effect on Profit Business’ at the weekly noon meeting of the Construction League of Indianapolis Thursday in the Architects and Builders Building. At yesterday’s meeting, representatives from the Central Supply Co., plumbing supply firm at 238 S. Capitol Ave., demonstrated the use of electric shallow and deepwell pumps. William Dwyer, pump cepartment head of Central Supply, was the principal speaker. He was introduced by Louis Huesmann, the firm’s vice president.
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BDIANARPOLIS, INDI
A greater demand for new homes |§ resulting from an increased desire | fs
on Sunday.
Four years ago the North Butler section of Indianapolis was an area of weed stubble with a few scattered pioneer residents. Today there are only a handful of empty lots in the section sJuth of the canal bounded by Kenwood Ave. and Illinois St. Architecturally the majority of the homes are Colonial. Two recently compléted, which will be open Sunday, are at 5540 N. Illinois St. and 5434 Capitol Ave. A third— Southern Colonial in style—is own-er-occupied although it is not completed. The United Mortgage Co. is sales agent for the $9500 brick Colonial at 543¢ N. Capitol Ave. which will be open from 2 p. m. to°'5 p. m Sunday. The upstairs has a master bedroom, two smaller bedrooms, and a bath. The master bedroom is 14x26 feet, the same size as the living room beneath it. The bath, with shower, has a tile floor with walls of black glass trimmed in brown. Fixtures are chromium. A living room with a fireplace, a dining room, kitchen, breakfast room large enough for six pérsons, a lavatory and bedroom are on the first floor. Kitchen drainbaords are tile, the walls glass. TRhrougiiout, rooms, except baths and kitchen, are papered as are the ceilings. In the basement is a hat-air furnace, an instantaneous water heater, laundry and game rooms. {Window casings are metal. A cracked rock driveway runs around the south side to a two-car garage which has overhead doors and is connected to the house by an archway. Garage walls and ceiling are plaster. Built under FHA specificétions is the $8500 Colonial home at 3540 N. Hiinois St., for Which the T. I.E
NORTH SIDE SALES
Sales totaling $133,650 wer: ported by the North Side Re¢l Estate Board this week, bringing the total sales for 1940 to $609,138 Reported to Jack C. Carr. Board secretary, were the sale of 12 homes with a total value of $106,750; four lots worth $8900, and a contrac: for building a $14,000 home. Mr. Carr also sold a 40-acre farm in Hendrick’s County. Realtors and -the location of homes sold were: Mr. Carr, 49 W. 42d St., 3029 Park Ave. 3360 and 3345 N. ‘Gladstone Ave., and 62 Taft) St.; Charles C. Binkley, 3680 Eirch-] wood Ave.; Howard W. Fieber. 5910 Washingten Blvd.; Forrest M. Knight, 540 E. 36th St, 1031 N. Pennsylvania St. . 5470 Kenwood Ave., and 6221 N. Pennsylvania St.; Joseph J. Argus, 7248 N. Pennsylvania St. Mr. Argus also reported a huilding contract on Pennsylvania St. north of 7ist St., while Mr. Carr said he had sold a lot in William Brandon's addition. F. C. Cash reported the sale of three lots, one in Williams Creek, one on Norwaldo Ave., and one in Warfléigh.
INJURED REALTOR WILL RETURN SOON
A. H. Merriam Graves, loca: realtor injured severely a monta age in an auto accident at Miam:, Fla., will return here within two t¢ three weeks. William L. Bridges, president of
re-
| the Bridges & Graves Co. of which
Mr. Graves is secretary-traasurer, said his partner was gaining strength at the Jackson Memorial Hospital at Miami. Mr. Graves received a broken arm, a fraéturéd ankle and several broken ribs. a pole.
GAMBLE WILL TALK ON SAFE BUILDING
John W. Gamble, an engin sr of the Indiana Inspection Burea:, will discuss construction in cennection with life and fire hazards at the Apartment Owners Association meeting Wednesday noon af the Hotel Washington. A round-table will be held on spring cleaning programs.
+1
[R20 RI
30 th -g
$133,650 FOR WEEK"
5540 N. Iiinois St. . . « comfort and livability.
Carl Bose’s new home . . . has unusual rooms.
Two Recently Completed Residénces Open Sunday
O'Connor Realty Co. is sales agent. Mr. O’Connor will show the house from 2:30 p. m. to 5 p. m. Sunday. Comfort and livability are its features. A center stairway leads fromm the hall to the second floor which has a master bedroom and two medium-sized bedrooms. Off
the master bedroom is a powder|
room.. ’ Each bedroom has ample cldset space for linens. The alltile bath has a built-in shower. The living room runs the length of the south side. The fireplace has a Colonial mantel. On the north side is the dining room, closet, kitchen and lavoratory. The kitchen floor is laid with linoleum. Cabinets are cream enameled metal * | built-ins. There is a full basement with a stoker furnace a fruit closet and fuel room. The two-car garage has a cement floor and overhead doors. Roofing is of asbestos shingles triple-coveréd. Floors throughout the house are oak over a sub floor of soft pine. Doors and widows are finished in white enamel.
Bose Home Unusual
Several unusual rooms are in the Southérn Colonial home designed and built for Carl Bose at Capitol Ave. and Westfield Blvd, by the Pike Realty Co. Mr. Bose is general supervisor of buildings and supplies for the Indiana Bell Telephone Co. He and Mrs. Bose already are living]: in the house although it is not completed. On the first floor is a den paneled in knotty-pine laid horizontally chair heighth and then vertically to the ceiling. Bookshelves are built in on each side of the window and French doors -open on to the porch facing Westfield Blvd. Another French door from the Sith n columned porch opens To ifro he living rom which has a ae with tile hearth and Colonial mantel. The dining room has two corner cupboards with leaded glass doors. The first floor bath has a linoleum oor. The cabinet tops and drainboards in the kitchen are tiled. Frory the kitchen runs a glassed-in breezeway which has been designed for a breakfast room in summer when it will be screened. The two-car garage has an entrance into the breezeway.
Two Baths Upstairs
Upstairs are one master bedroom, two medium sized bedrooms, and two baths with showers which have tile walls and floors, painted ceilings and vieous china fixtures. The master bedroom has a dressing room. In the basement is a social room, laundry room, storage space, fruit closet and furnace room with an oil burner. In one corner of the social room is a barrel-back seat built into the wall. The asphalt tile floors are black and. red while the walls are tan and dubbonet walls, Other basement walls are white. Doors throughout are raised-panel Colonial in white. Lighting fixtures are Colonial .in style with hobnail and prism glass.
FHA LOANS $3000 To $16,000 Total expense $40 b $18 plus abstracting INCLUDES FHA TEE
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HELD PROPERTY
Speaker Tells Realty Board of Rehabilitation Work in Louisville.
. Intelligent modernization of rundown properties handled with restraint will pay dividends far be-
yond the cost of rehabilitation, the Indianapolis. Real Estate Board was told yesterday.
of Commercial Properties,” A. J. Stewart of Louisville, Ky., said that modernization was the answer to the problem of buildings where expenses and taxes’ were exceeding the income, Mr, Stewart is a director of the National Association of Real Estate Boards and vice president in charge of ‘real estate of the Fidelity and Columbia Trust Co. of Louisville.
Cites Louisville Examples
He cited examples in Louisville Sng his firm made a complete stu of existing properties that were losing money to determine the causes of their failure, A two-story building which had a turnover of tenants every two and one-half years was found to have particularly large plate glass’ windows which swung out to open. The building also had a south and west exposure. Tenants did not stay, Mr. Stewart said his study showed, because of the extreme heat in the summertime. The building was revamped and completely air-cooled. Now, Mr. Stewart said, it is one of the “money-makers of Louisville.”
Stimulated by FHA
His firm began its rehabilitation program in 1934 after, he said, “everything seemed to stop for real estate men.” “There were no leases being made, no one was borrowing money for modernization and there were no new undertakings,” he said. “The FHA’s modernization loan plan started us working on this problem.” The modernization of another property resulted in the rebuilding of a whole area of commercial properties including a large department store, he explained. When the other buildings and stores learned of the large profits resulting from modernization they quickly followed his firm's lead, he said.
- City Is “Fortunate”
cities and the migration of business areas presents a .problem in the United States that doesn’t exist in Europe.
the same pattern for centuries,” he said, “while here cities are shooting out in new directions.” : “Indianapolis is fortunate in being off navigable waters and in being so planned in the beginning that it can expand in all directions.” Mr. Stewart was introduced by Raymond A. Franke, program chairman and Board vice president. Guy H. Williams, president, presided.
MODERNIZATION L0SS SOLUTION
Speaking on “The Rehabijatio
He said the rapid expansion of |&
“French cities have remained in|X
lGavening— Sa ;
Lawns Need
For most of us spring is still two weeks away. ‘But not for the gardener. He's seen the first pussywillows and an oceasionsl robin. The long wifiter planning is over and now pruning and planting must begin. The ground is spongy undér foot, which means the lawn needs attention. Grass starts to grow very early. What is done to it after the topsoil | has thawed determines how it will look at midsummer. A strong, thickly growing turf is the best way to keep out weeds. Pirst the lawn should be thoroughly raked with a good iron rake which removes dead grass, leaves, sticks and stories. True dirt gardeners wouldn’t think of burning out the debris. Burning scars the turf. Seeding should be done while the ground still is honeycombed and the} seed will sink down without being raked in. On the sunny portions of the yard the grass-seed mixture should be about two-thirds bluegrass, and for the shady spots should have at least one-third New Zealand Chewings Fescye. Annual rye-grass can be used in mixtures for new lawns and may be seeded in extremely dark spots. When buying seed, inert matter of more than 3 per cent and more than 1 per cent of weed seed is loon much. Rye-grass mixtures should be less expensive. After the frost is gone from the ground and the blades and topsoil are dry, the lawn should be rolled. The soil must be soft enough so that grass squeezed up by alternate freezing and thawing during the winter will be pushed back into the ground. It is too wet if a handful of soil clenched in your fist does not crumble. If it breaks up without forming a ball it is ready to roll. One light rolling is enough. Before rolling, reseeding should be
done in patches where the grass has|-
died during the winter. On thin areas, about two pounds of seed to 1000 square feet is énough. Twice to three times that amount is necessary for bald spots. A half-inch thick 'top dressing of i — ——
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