Indianapolis Times, Indianapolis, Marion County, 28 June 1940 — Page 12

PURDUE

EXPERT

EXPECTS RISE IN|

VALUE OF LAND

Dr. E. L. Butz Says Present Price Levels :Highest : Since 1930.

SR slow. improvement in Indiana farm land values is probable, according to Dr. E. L. Butz, Purdue ~ University professor, who spoke .yesterday at the Rural Leadership

. conference at Purdue. ‘Dr. Butz, who is a member of the fang management -department 1 ty, said the farm price levels are now higher than they had been since 1930. Dr. Butz said, however, that Indiana land prices per acre were still below: the rest of the nation, particularly the East North: Central section. The present level is 74. per cent of the 1912-14 prices, he said.

Cites Two Indices

He cited the discrepancy between + farm commodity prices and farm land values since 1933 as an outstanding reason for a rise. He said since that year the index of commedity prices went from 51 to 93, . Whereas the increase in land values _xose from 53 to 74. Other bright spots he cited were prospects for a gradually rising price level and continued improvement in farm earnings, low interest ' rates and ample credit, and a continued governmental tendency to shift the tax burden from real estate. Another reason is the expectation in some quarters, of a repetition of the World War real estate boom, which Dr. Butz. characterized as a “buoyant factor.” Dr. Butz also prédicted a sirog demand for land: for investment purposes as a “dual’ Yesulf of uncertainty * in alternative financial ventures and as a hedge against monetary inflation.”

Mr. and Mrs. William Hamilton.

The one and one-half Story brick veneer bungalow at 5534 Gail! ford Ave. has been scld by Goode & G

e through Jack C. Carr to

Mr, milton is a racing official

with the American Turf Association.

Gardening—

A: water 1ily pool should have lots of ‘sunshine and protection frem

cold north winds—this last being supplied either by nearby buildings or by a windbreak of trees and shrubs. : / For larger pools, cement construection is the most satisfactory. Water depth may vary from 115 to 41; feet. If, as is likely with a formal pool, the plants are to be removed each fall and replaced in the spring, vertical sidewalls are permissible. If the lilies are to remain outside, as in a more natural type of pool, the sides should be somewhat inclined so as to lessen ice pressure. In either case ib is a good idea to

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ily Pools Need Sunshine, Guard Against Cold Winds

have a coping around the: ok of the walls. that should protrude so as to hide construction details. The excavation should allow for three inches of stone below the concrete base and eight’inches for the base and wall proper. The drain should be placed at one side of the pool, rather than in the center and

the bottom level should be sloped to carry off the water. This location facilitates cleaning and minimizes the length of drain pipe which must pass through concrete. The concrete, itself, made of one part cement, three parts sand’ and

two parts stone, with a little lamp-

black or other coloring matter, should be poured in the bottom to a depth of fourth inches. .

Wire Adds Srength

‘Wired netting, “for strength, should be laid on the concrete and another section four inches deep added. Rods should be placed at the sides, bending upward through the forms to re-inforce the sidewalls. The sidewalls should be six inches in width. The entire inner surface should be smoothed with a one-inch layer of cement mixed with two parts sand. ¢ Small pools may ‘be made. of sheet lead soldered together into position. These will conform ‘easily

quickly to an inconspicuous color. Edges of a lead pool may be made to look natural by judicious use of rocks and plant material. Hardy water lilies may be set out as soon as you can get into the pools. Their only care is plenty of cow manure and a thorough division every three or four years to

.| prevent overcrowding.

Grow Like Iris

They grow much like the common iris and may be left out-of-doors with a foot or so of water above them or covered with leaves or straw. They also may be brought indoors in boxes and wrapped. in damp burlap through the winter. Tropical water. lilies require much more care and from the amateur’s standpoint it is much simpler to buy a fresh stock each spring. In any case, they cannot be planted outside until the temperature stays above 70 degrees F., or they will go to sleep—and may stay that way. Propagating is an interesting and easy subject with, water lilies. The large roots which will have formed by -the end of surhmer are almost impossible to store. Babies, however, form around the roots. When the plants are dug after the first frost, these small, nut-shaped tubers should be removed and stored in slightly moist sand, in closed containers, until early spring, when the sunlight begins to grow

“HOME BUILDERS

URGED TO CHECK FHA'S DEMANDS

Time and Trouble Can Be Saved, Agency Aid ~ Says Here.

With an increasing number of homes being bought in this area under the Federal Housing Administration ‘plan, persons ‘planning to buy were urged by FHA officials

demands of the agency. ‘Time. 4nd trouble. can be saved by having plans meet requirements, according to Frank C. Pielsticker, FHA executive assistant for Indiana. . ‘A summary of the basic FHA requirements for homes on which it insures ‘mortgages, subject to

to familiarige themselves with basic| £

Times Photo.

A “convertible bungalow” «+. the unfinished attic = be converted

into two bedrooms.

[REAL ESTATE B0ARD

minor local variations, follows: 'L. In one-story homes,

story homes. & - Kitchen 60 Square Feet

be provided in additional bedrooms. 60 square’feet in area. } - 4. In. one-and-one-half and twostory homes, the fing room should be at least 160 square Teet in area. Living rooms of at least 140 square feet: when. used only asa living room - should be provided in .onestory homes. When the living room is used also a5 a dining room, the minimum allowable area is 180 square feet. 5. Each habitable room must have a glass area equal to ‘10 per cent of the floor area. The openable prion of windows must be equal to area.

and immediate access to a public street or. a private street protected by a permanent easement of a

the. trgffic . requirements of the neighborhood:

the storage of clothing, food, fuel,

major bedrooms should be -at least 100 square feet and “at least 110 square feet in one-and-one-half and two-

2. At least 70 square feet should 3. The fitchen should be at least e

4. per cent of the floor 6. Homes should have adequate width and construction. suitable to

7. Adequate space is required for luggage and household equipment.

| This five-room,. red brick bung- The entrance leads Into: the alow at 5050 E. 34th St. is offered for sale by Atkinson & Co, brokers, for J, ~ Williams, the builder, The sale price is £6300. "The best materials- are incorporated in its comstruction' and it is weatherproofed Sarougheut, -Mr. Atkinson said.

U.S. HOME BUILDING.

room is the dining room and ‘the kitchen. living room is a small hall adjoining two bedrooms and a bath. ' A stairway is built to the attic, _ which is unfinished. The attic is so arranged that it can easily be converted into one or two extra bedrooms, Mr. Atkinson said. The basement is waterproof. The house is located on a 50

living room. Back of the living On the other side of the

UNCHANGED BY WAR

by 150-foot lot. Times Special

TI) WASHINGTON, D, C., June 28—||| 6 bik : wi No appreciable changes in home| KEEP COOL!

building because of the war have Insulate Now

been noted throughout the country, Federal Housing Administrator Ste- No Down Payment » Free Estimates

wart McDonald said today. Guaranteed for the

“It is difficult to trace:any effect of the war on home building,” he|| | NM. Life of the Building

said, “but any change noted has been due to seasonal tendencies. The volume of applications: has ‘declined slightly and the number of homes being started is holding at record- hide & EN breaking levels.” a

Mr. McDonald said it was “un-

doubtedly true” that world affairs had deterred some people from undertaking home ownership but that defense needs and a desire for home ownership "had: probably spurred others to build now rather. than later.

(ON SUMMER SYSTEM

Last ‘week's ‘golf. tournament held by the Indianapolis Real Estate Board marked the beginning of the Board’s summer meeting schedule.” ‘The next meeting will be held July, 11. There will be a golf tournament in July, one in August and a meeting in’ August. Regular weekly meetings will start vagsin in September.

i PAINT FLOWER POTS "To prevent paint from peeling off the outside of flower pots, give the inside 4 coat of aluminum paint ‘before using oil paint on the outside.”

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to a desired shape and will tarnish!’

In one-story homes, this means one closet. for each bedroom and an additional .storage space of not less than 30 square feet in area which may be provided in a utility room, closet or accessible attic or basement or attached garage.

Lot Width 40 Feet

8. The distance from the front of the home to the opposite side of the street must be at least 50 feet, 9, At least 15 feet must be provided for between the rear of the home and the rear. lot line. 10. Lot width, shall not be less than 40 feet. Not more than 30 per cent of the lot area may be covered by build. | ings for one-story detached single- | family dwellings or interior lots. On corner lots, as much as 40 per cent may be covered.

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They should then be potted deep in sandy soil. As soon as the float-

ing leaves are developed, locate the radicle, which is a stem-like growth connecting the young plant to the With thumb and forefinger

carefully pinch ‘it off above the

with its attached roots. Space permitting, every suburban garden should have a lily pool. The next step after the lilies is stocking the pool with goldfish, which keeps out mosquitoes.

7 7

METHOD OF PAINTING

screens it is better first to serub it lightly with a brush, using soap and

and let it dry thoroughly.

down, from right to left,.and diagonally. The other side of the screen should be treated with a dry brush in the same manner.

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