Indianapolis Times, Indianapolis, Marion County, 29 March 1940 — Page 24

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oR!

Is YEAR ‘BOON’

PREDICTED FOR LU. 3. BU BUILDING

| {Present Low Coots to Last

For, Six Months, Says Roy Wenzlick.

any time during the next 10 years, I'd build within the next six months

long-term|loan,” Roy Wenzlick, the

testerda re so I'd Ye able to build cheaper than at any time in my lifetime.” "Mr. Wenzlick, president of Real Estate Analysts, Inc. St. Louis,

“xt Iw re going to build a home

and finance construction with al

nation’s leading real estate analyst, |

spoke in the: Columbia Club before the final session of the Indianapolis Real Estate Board's 1940 Educa-

Pay the: balance in small monthly ounts—ACTUAL- |

Vs Are Garden Land

LY LESS THAN RENT! The new CONGRESS financing tional Congress. : plan makes | it possible for He said that a home can be built : ——— EVERY ONE to own a lovely ||today for lower cost than in the 1 : : Io home of the r own—with a ||last 25 years because of low financ- a Sin a 8s

ing costs, but that realtors | soon would see sharp rises in building material costs, wage levels, financFully approved by the FHA, ling costs, commodity prices and | Choice of 22 plans. ~ land values.

Act at Once—Before the | || Predicts 8-Year ‘Boom’ | Best Locations Are Gone He said the nation was in the = first stages of a building boom which How to Get There: should | last for eight ed and East: on Washington to Post reach its peak in 1943 or east en in St. ho 0.8 ‘Ran “Since 1795 we have had a steady

kl half acre of garden land to [ plant trees, flowers and vege-| " tables. if they wish!

Residence's 4 Bedrooms In Blue, Peach, Green, Tan

the courivaod in tan. Each has a large closet. : | Downstairs woodwork is walnut with canvassed walls painted in

ome” is the two brick Regency

A “real family and one-half sto house at 5602

north to Fst tS.

CONGRESS

MA rket 2585

We Can Also Build on Your Own Lot on Long-Term Payments

CONSTRUCTION CO.

Merchants Bank Bldg.

were 18 years from peak to peak, rising in eight years and declining in 10,” he said. “Real estate now is entering the ninth" cycle.” Wage levels inevitably will rse because of the present war, he said, as will bank clearings. Commodity prices, he explained, showed no immediate | movement until a year after the last World War began, when they rose rapidly to a peak

three years ‘after the armistice. This trend, he said, should happen again. “Building material prices jumped 216 per cent over their pre-war level during the World War,” he said, “and we can expect a similar rise within the next six years. After |i six months, not later than this fall, you're going to see costs climb

series of real estate cycles which | which is being shown on appoint-

ment by Charles C} Binkley, the designer, builder and owner.

The house is the northwest corner of 56th St. and Washington Blvd. and faces the latter. Along the 56th St. side is the living room to which si attached a screened-in porch above the basement-level. The living room has a stone fireplace. The garage has space for two cars, is heated, fireproof and has overhead doors. | On the north [side of ‘the frst room, breakfast . At the backof

colors. done in blue,

neutral pastel shades. Some light fixtures are crystal, other are indirect. Floors throughout are dark stained oak.

The two second floor baths are in tile. The front one in two-tone peach, while the north one—with a shower stall—is in yellow. The downstairs lavoratory is blue.

Two walls of the kitchen have cabinets, painted in off-white. There is a large broom closet. The linoleum and kitchen cabinet tops are dubonnet. Fixtures in the kitchen, baths and lavatories are white with chrome plated trim. The basement has an air-condi-tioned oil furnace, a social room, and laundry room. On the top |floor is a maid’s room with a lava|tory, and attic storage space. The roof is of slate, gutters and

1. Built for a full family is this two and one-half story ‘Regency brick house at 5602 Washington Blvd. being shown by appointment

by Charles C. Binkley.

2. V. V. Ragsdale, foreman, watches Fay Neat, brick contractor, set cinder blocks for the walls of “Honeymoon Home” being built for

the 1940 Home Show.

3. Mr. and Mrs. Robert C. Becherer today purchased the two-

Yu Ci by

i i

Lawn Seed, Fertilizers Pruning Shears and Saws Garden Tools, Fencing

Sidewall of Three Model Dwellings Take Shape

The sidewalls of three homes were rising today inside the Manufacturer’s Building at the Fair Grounds. They are the walls for three com-

Lawn Rollers, Trellis

[VONNEGUT'S|

120 E. Washington St. so 7 Neighborhood Stores =a

As Show Nears. = |

UNBEAM

WARM AIR FURNACES “Standard” Plumbing

. STOKERS OliL BURNERS

CENTRAL SUPPLY GO.

plete houses which will feature the 19th - annual Indianapolis Home Show which opens April 12 for nine days. In other years the centerpiece Has been one model home. Now being built are the “Town House,” the “Holiday House” and the “Hon-

eymoon Home.” By the middle of next week, 150 1

committee, said today. Exhibitors will begin moving in Monday, increasing to 300 the number of workmen who will be “in action” until ja few hours before the show opens,

210 S. Capitol Ave.

workmen will be working on the trio of homes, Robert L. Mason, acting|’e chairman the show’s planning

WE CARRY A COMPLETE LINE OF GENERAL

BUILDING MATERIALS F. J. SCHUSTER COAL CO., INC.

824 E. Troy Ave.

DR-3000

WALLPAPER

Betuard features Larers known qual

HE ey

id Fa ETE (EE Th

eave spouts are copper and banisters

story brick Colonial at 5430 Washington Blvd. through the Jack C.

Lawn-Estate-Factory (again |

Low Financing Costs Cited - and stairways are wrought iron,

Fare Realty Co.

Portable Pens—Kennel Panels DR. 5441—Night, BR. 0317

Principal reason homes can be

Gardening

15 Mass. Ave. RI-1517

«UTILIZED and BIRGE” BETHARD Jauouve:

& Paint Co.

Linow.

. Washington

“Carpe istane "Linoleum and all, Qur Large Display

Joi $ Cabinet & Linoleum bo.

6578 Cornell

Free Estimates |

WILL

MODERNIZE YOUR

| BATHROOM and KITCHEN FOR $500 A MONTH

NO DOWN PAYMENT 4603 College Ave.

Call HU-278

built so cheaply today, he said, is because; of low fihancing costs. Financing costs are going up, however, because all factors will. be pulling them upward, he said. The total volume of construction in the United States this year will not exceed that of last year, al-

[though private construction should

increase, Mr. Wenzlick said. Pub-

Ilic construction should drop about

13 FENCE

. | Lawn-Estate-Farme | *

| ji Factory’

YEAR TO PAY

Day i 20st: Nite

| xMEsT: DREW co. .

RI-5985 BE-0617-J |

40 per cent, residential construction cught to rise from 5 to 15 per cent, industrial building can be expected to be 65 per cent higher and office building construction should go up about 15 per cent. “Office buildings are still | five years in the future,” he said, “because we never seem able to. build them until the time. for building has passed.” ? The size of the national debt and nation’s gold reserve, he said, will sooner or later prove highly inflationary. Higher prices and a high degree of inflation is due with prices rising before the year is/ over, he said. One of the causes is the European war, which, he said, is “going to continue for a long time. "

Open Every Thurs. and Saturday Night Until 9 o'lock

e| | - Savings on Home Needs

| ROLL ROOFIN 90-1b. ‘4x4-1t, ditioning of new houses gives the|them only upon the advice of a spe- | . Less Fixtures Ton TYLE BOARD Sheet, purchaser a gdod home at a price he|cialist. |A few of these are sugar The structure was purchased for | Downspout sz ‘70 can afford to pay and in a price|and Norway maple, beech, oaks and|$125,000 by the Mercantile Realty Hex Shingles 5054. 2t, $1.98 # 10 tt. dor | FUG [class with which new construction | birch. & Investment Co. in a receivership T Sin. sizes Ui cannot hope compete, Dormant sprays should be applied sale | ordered |by Superior Court PLYWOOD In. 4x5-ft, 95¢ ROUGH [; tt. tor | 106 Part of the .Grand Rapids con-|2S @ control agent when there act-| Judge Herbert |E. Wilson. Meier S. size : | ference will be used to discuss pro-|Ually is something present to kill. Block, vice president of the Block's WALL BOARD axB-1t. Lr Basement Sash Se, $2.55 posed plans for readjustment of real They don t act as preventatives. department stare, is president of the size $1.30 10x12-In. "1 Slate taxation in preparation for a mercantile fir joint national conference on real | The sale w s ordered after apWINDOW SCREENS Full Jehosh, 28 Mes [Selvanized. Nite; $1.18 _ |estate taxation to be held in Wash- N. SIDE REALTY SALES |: proval by the preferred stockholders

$1.69

$3.19

: 70 Other Sizes Priced From $1.39 to $6.70 Call LL B53] rio Estimates Without Cost or Obligation

§ |

Purchases of $10 or More Sold on Easy Terms

| On Roofing and Tile Board

Are You Going to Bulld a Home?

M'GORD ‘AT GO

Rehabilitation Project to Be Described

at Regional eet.

The Paul L. McCord Co. low-cost rehabilitation pr ject through-which more than 450) local homes have been reconditioned in the last three years will be ex blained to the Great Lakes Realtors’ Regional Conference next month. Mr. McCord will discuss the plan at the morning session on April 19 at Grand Rapids, Mich., during the three-day conference which opens April 18. . He is past

fit of more per unit ide constructing new le same time.

ington April |25. This will be attended by Frank E. Gates, local realtor, who is a member of the National Committee on Real Estate Taxation. Cooper to Preside

Myers Y. [Cooper of Cincinnati, former ‘Governor of Ohio and chair-

If the warm weather continues, this week-end is the time to clean up scale insects on your shrubs, fruit or ornamental trees with a dormant oil spray. It isn’t safe to spray when the

grees before the spray has had time to dry on the limbs. A dormant spray is an application made while the plant still is in the sleeping state before growth starts in the spring. Theoretically, dormant sprays should be used only

found best to wait until insects begin stirring about from their winter’'s rest, The usual strength used i§ about 1 part oil to 15 parts water, thoroughly mixed. Avoid getting dormant oil sprays on evergreens, especially the broadleaf types such as rhododendron. When they are near other plants you are spraying, either cover them or wet [them with water before spraying to keep the spray from sticking. Afterward, wash off all collected material. Some [trees are very sensitive to oil spray and it should be used on

NEAR MILLION MARK xc:

North Side Real Estate Board sales of $118,600 reported this week brings the total for the first quarter of 1940 to $939,285,

man of the National Committee on Taxation, will preside at the Great Lakes meeting. Herbert U. Nelson, the Nationa] Association’s executive

vice president, will outline plans for the modernization of the real estate tax structure. General

essions will be devoted to study of current opportunities in new home building and the revival

BOB FOSTER

His Expert Help and Advice Is Yours FREE

PR / BY

DOWN in Cash or Lot:

Plans, FHA Financing and Builder Furnished

R. S. Foster Lumber Co.

1700 Kentucky

Ave. BE. 4180

FOR

| iles | Rd. 13). Follow thie

® EVERGREENS

horthe st of Ind’p'l’s. road markers. Mail address, R.

* SHRUBS * ORNAMENTAL TREES

Drive Out to Indiana’s Finest Nursery and Make Your Selection. Advise You on Your Spring Planting.

We | will Gladty

| Phone | BR.

Take Allisonville

a. (Now § Rs, or Pe

of older neighborhoods, new financing methods, and present-day necessity for scientific appraisal methods and experienced management.

mittee for the conference.

Ben F. Shirk, Ft. Wayne, president of the Indiana Association, is on the general arrangements com-

J. C. Carr, board secretary, reported the sale of a double at 213941 N. Talbott Ave. Other houses sold by members were: Forest M.

Shrub Spraying Warm Weather Continues|

temperature will drop below 40 de-||

then, but in practice it has been|

Advised if

There are many types of sprayers prayers, knapsack sprayers, bucket

prayers. The type will depend upon the job you have to do. The atomizer type should be. in every gardener’s equipment. It usually comes in one quart capacity and for long life should be made of lorass. If screws’ onto the garden hose, the flow being controlled by. a trigger. The solution is drawn out by suction of the water playing lacross a small opening. Oil sprays are hard on rubber gaskets and hose. Be sure to wash the oil out completely when you have finished, as some spray mixtures you use later also may cause damage if mixed with oil.

BLOCK'S TO OGGUPY 4-STORY STRUCTURE

The Wm. H.| Block Co. will use the: four-story office building at Meridian and 11th Sts. for a combination delivery station, garage, repair shop and me chandise warehouse after May 1.

of he Meridian & Eleventh Realy

yer, was the receiver. : The Block company has not deto use the front downstairs space in the building for an electrical appliance store, Samuel B. Walker, controller, said today.

STOP TERMITES

Knight, 1035 N. Pennsylvania 'St.; Joseph J. Argus of American Estates Co., 711 E. 58th St.; Ford V. Woods, 822 W. 43d St., and Forest B. Kellogg, 5.29 Boulevard Place. F. C. Cash reported the sale of a lot in Williams Creek and a lot in Cedar Crest; K. P. Fry said he sold a suburban estate, and Mr. Carr reported the sale of ah apartment building at 1211-27 College Ave., an apartment at Fayette and 11th Sts, and a store building:at 3050 W. 16th

P13 1300 IRL

1) the i) Kind Custom Buil By

ACE A HI

1701 Northwestern, LI-9043, TA-9113

LOANS ON HOMES . . AS LOW AS

Phon RI. 8727

F. B. McKIBBIN 556 Consolidated Building

—

Long experience and complete facilities for solving your storage and moving problems easily, safely and ically.

|} 415 Mass. Ave.

NRA ELL

TERMINIX CO.

518 Architects & Builders Bldg.

BUILT - IN CABINETS

Window ne "Door Screens

BALL & DURBIN

STORAGE SPACE IS NECESSITY IN HOME

Storage space is an absolute necessity in a house, no matter what its size. Closets in bedrooms and a single closet in the hall for linen storage are not enough, either in an apartment or a house. The average family must store, in addition to clothing and linens, such things as trunks, luggage, old toys, tennis rackets, golf clubs, odd pieces of furniture, extra china, winter clothes, utensils, tools and other items.

DEVOE PAINT.

Is Preferred by Painters Who Know Paint Best BETHARD [iitere:

& Paint Co. RI-1517

GEO. J. EGENOLF

MACHINIST

525 Mass. Ave. LiI-2184

hand atomizers, compressed air|

umps, barrel pumps and power|

REPORTS LOAN CONDITION G0OD/f

Riggs Says Collections Are At Best Level Possible.

Home loan collections are as good now as they ever have been or could ever be expected to be and business in three-fourths of the nation’s lending institutions is far ahead of the last two years, according to Frank Riggs Jr. Mr. Riggs is president of the Indianapolis division of the American Savings and Loan Institute of Chi-

SPRUCE JUNIPER

; A 3 ARBOR-VIATE J and ? of u A We have just received a Wh of \

fine, hardy Evergreens—all healthy, ¢You will find a

ate te Road HA. 2524-3

cago, and is in the loan application department ‘of Railroadmen’s Federal Savings and Loan Association. Mr. Riggs said that in a survey .| participated in by some 300 savings, building and loan associations in 23 states, 96.5 per cent said that collections of the payments due on interest. and principal of home loans are better now than they were in 1935, and 89.4 per cent of them said collections were hetter than in 1930. “Approximately three-fourths of the survey replies said they were making more loans for building new homes than they were this time last year and 81.5 per cent of them said they .also are making more loans for new construction than they were in 1938,” Mr. Riggs said.

EVERGREENS 9 SHRUBS ° ORNAMENTAL TREES

Buy From a Grower

WE WILL GLADLY SEND A MAN TO GIVE YOU ADVICE AND AN ESTIMATE ON YOUR LANDSCAPE WORK.

WRITE FOR OUR FREE CATALOG

Liane

WELL GIVE YOU IMMEDIATE ACTION!

® With us, home loan ap Hieations are considered locally, money is quickly available and your home ownership plan can be promptly started. You pay nothing extra for our quick-action home loan! Come in; ask us to help you.

HEY

Gln ETE

nh A 30VINGS AND LOAN RSS. i Cl

INDIANAPOLIS, INDIANG

Mail Address, New Augusts, Ind.

Drive Out or ORO New Au ? a

EAGLE CREEK

NURSERY CO # BW TT TW 2A LT:

x A

Lf py 82nd §tireet And ayette oad (U. a 8%) i

Our Laatussre hee

6 FT. ARBORVITAE, VALUE $6.00

(81, W, South LI-6212

ER REE DE RR) i

i, Ee

OPEN FOR THE SEASON

Now Is the Time to Spray Your Trees and Shrubbery

50 VARIETIES OF SPECIMEN EVERGREENS TO SELECT FROM |

CEE AND DRIVE THRU Bie : ERY ANY 1 TIME AND SEE FOR ops, Nyes-

A. Wiegand’s Sons Co.

Architects No Charge for This Suvics,

ag "Nursery, 26th and ‘Kessler Blvd:

BUY FROM A LEGITIMATE NURSERY-IT COSTS LESS

_ WHEEL CHAIRS Why buy one? Rent one at HAAG’'S ALL-NIGHT DRUG STORE 22nd and Meridian

WIOSRINS [BE NBR COMPANY

131 W. Washington St. - Directly Opposite Indiana Theater

IR IO Nd a RE RET 274 Are At Your Command. y

Ladies’ Reg. $4

ARCH. SHOES .

KINNEY’ S

» » 138 E. WASHINGTON ST. Nig " % Exacting «.. )) B of iN WATCH REPAIRING > At LOWEST PRICES STANLEY JEWELRY | oo. 0 |

us w. w

i NG TINT PY |

Ve. S0F

STATE

Lae

Make Woodworking Your Hobby. U : DELTA MOTOR DRIVEN TOOLS Exclusively at VONNEGUT'S

120 BE. Washington St.

: OUTFITTERS T MEN, WOMEN and ches.

THE MODERN CREDIT sTORE x

129 W. Wash. 53 Biwi

wt *°

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Sn Rep

hes PR

Figs nao PT

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P—_——