Indianapolis Times, Indianapolis, Marion County, 27 June 1941 — Page 30

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Lawn, Factory Fence Portable Pens—Kennel Panels

FREE ESTIMATES

Bits Wide Si icerDelivered or Erected

R-5841. Night BR-0317—6548 Cornell. YT) 1B EDIE

ror the Smal. flome k the Large Power Plan

Muesing-Merriok Coal Co. PHONE; IR-1191, DR-8350, WA-2481 4 —

LANDSCAPING—

We will gladly assist you with your LANDSCAPING problems. Right now is a fine time to

plant EVERGREENS— SHRUBS.

POTTERY

ADVANCE SHOWN

IN URBAN HOMES

Financing Gains 17 Per Cent in April; 1st Quarter Also Increases.

WASHINGTON, June 27.—A 17 per cent gain in urban home financing throughout the nation in April as compared with April last year is reported by economists of the Federal Home Loan Bank Board. The gain during the first four months of this year over the same months of last year was the same. There were 139,525 home mortgages amounting to $398,305,000 rececrded in all non-farm areas by all types of mortgage lenders in April. In April last ‘year there were 124,721 mortgages valued at $340,333,000. During the first four months of this year, home mortgages numbered 480,552 and amounted to $1,351,688,000 as compared with 427,025 mortgages amounting to $1,159,-

a i rt tien

" THE INDIANAPOLIS TIMES :

Homes Financed at $29 a Month

FORECLOSURES

DROP IN APRIL

5445 Is 2d Lowest Monthly Figure in 10 Years for Urban Sites.

Times Special WASHINGTON, D. C., June 27.— The. downward trend in urban real estate - foreclosures continued in April, with the number 5445 being the second lowest figure for any one month in more than a decade, according to economists of the

Federal Home Loan Bank Board. The number of homes foreclosed by all types of mortgage leaders

in April totaled 3.6 per cent less

than in March and 15 per cent below April, 1940. The April foreclosure rate was 3.5 per thousand nonfarm dwellings. During the first four months of 1941 there were 21519 urban foreclosures, or 14.2 per cent below the

FHA 6-Month Total 100,000

Times Special WASHINGTON, D. C., June 27. ~—Private home construction under

defense needs, will be about 100,000 units in the first half of the year, Administrator Abner H. Ferguson estimates. This would be a gain of 25 per cent over last year. Through June: 14 about 88,000 new homes had been started under - FHA inspection, and construction in the remaining days of the month should bring the total to 100,000. During the first six months of 1940, more than 78,000 homes were begun under FHA inspection, while the first half of 1939 had a total of 62,500.

Birge Wallpapers

Enterprise Paints Chosen for the

1941 MT. VERNON - ELECTRO-HOME

the FHA program, responding to |

zo) y ) ae } ! | s LLL PRL | HR a aE

FOR THE BEST RESULTS

Permanent = attrac ive planting is the result o using the “Right Plant in the Right Place.”

TREES, SHRUBS ‘AND EVERGREENS CAN BE PLANTED NOW

We will gladly send a man to help you plan your landscape work. No obligation.

Buy, Jour, ants trom ower who ¥ oon-

same period in 1840. The Board’s Division of Research and Statistics said that, the decline in foreclosures from March to April his'year and from April, 1940, to April, 1941, occurred in every size urban area, with those areas with 20,000 to 60,000 dwellings having the heaviest decline. The monthly survey of the Beard’s economists is compiled from the co-operative reports of sheriffs, county clerks, court clerks, recorders and other local government officials,

BOARD TAKES BIDS ON PROSPECT LIBRARY

Sealed bids will be received by the School Board until 11 a. m. July 7 for the sale of the building and land

of the Prospect Street Branch Library, 1913. Prospect St. Bids should be enclosed in a sealed envelope and addressed to the Board's Business Director and plainly marked “Bid for Prospect Street Library Property.”

FEATURED ON THIS PAGE

Furnished by

# WALLPRFER & PRINT CORPORATION 127 F. Nash hs

GLAZING GLOBES POTTENGER NURSERY

34th & Lafayette Rd. WA. 6412 ad

TRIE

064,000 in the same period last year. tinued oa nage.

Loan “Groups Lend

Savings and loan associations, the largest group of home mortgage lenders in the nation, again accounted for about one-third of the home financing in April. By alll: types of lenders, the mortgage recordings up to $20,000 each in value in April, 1941, were as follows: Savings and loan associations Insurance comPanies Banks and trust companies Mutual savings banks

This small brick and frame home is planned for compactness, with excellent circulation among the rooms. The most unusual architectural detail is the large front window which serves the _ kitchen and provides a ¢heerful spot for a breakfast set. In Ohio this property was valued at $5560 and was financed with a Federal Housing Administration insured mortgage of $5000. Average monthly payments on a 25-year mortgage of this amount total approximately $29, exclusive of local taxes and hazard insurance. The cost of a similar home here might vary, Your builder or architect can duplicate this home’s plans.

Dial CO unty 2361. 8%d Street and Lafayette Rd. (U. 8. RA. 82)

itn 7 Days a We

* CONCRETE

Don’t Forget to Order the Best CENTRAL PLANT MIXED %

Guarantees Uniform Workability and Strength

Ready Mixed Concrete Cor

.. 48,266 $129,348,000

. ng ror 32,313,000 98,076,000 16,888,000 68,708,000 55,972,000

retards $398,305,000

SPECIFY WONDER WALL PAINT

LAT "= YOUR moe All STANDARD ENAMEL | & PAINT CORP.

2158 N. Sherman Dr. CH-1441

HOXSIER FENCE

Factory, Lawn, Faria, Estate STATE-WIDE SERVICE

Free Estimates—Easy Terms Call HU-8361-Night, HU-6665

ANY:

Select from our 1941 samples.

ACME WALLPAPER, INC. ACME WALLPAPER, INC. 337-39 Mass. Ave 1.1-4403

“FLOOR +P LAN

‘Certified Wiring’ Assures [REALTORS “URES TQ Safety and Convenience

By mutual agreement, realtors operating ground floor real estate Safety—because there is no overloading of circuits, no dark rooms

and property management offices will not open their offices Saturday, due to blown fuses, and no tangling extension cords to trip over.

July 5. This action is in co-opera-tion with similar action taken by Comfort and appearance—because [members of the Merchants’ Associathe house will be better lighted and [tion which will close their stores more cheerful; furniture can be arranged better. :

If, and when you visit the Indianapolis Home Builders’ Association model house—the Mt. Vernon Electro Home—you'll see a huge sign with the letters AW set in the lawn. That sign was put there by the Electric Jeague of Indianapolis and means the model home in MeridianKessler Terrace has received an adequate wiring certificate. AW stands fo radequate wiring and to receive such a certificate means that the electric wiring must meet minimum standards. More and more Indianapolis homes getting these certificates. Although the minimum standards cover seven mimeographed pages and consider everything from special service circuits (water heater, air heaters, pump motors, etc.) to the size of wire for certain voltage, there are certain standards which could apply to any house built by a family of moderate means. For instance: ENTRANCES, PORCHES AND TERRACES should have not only a wall outlet at each side of the doors with switch control inside the house but should have convenience outlets for each 15-.feet along the house inside the porch.

HALLS AND STAIRWAYS should have -one ceiling or wall outlet for lighting on each floor to illuminate the head and foot of the stairways and should have multiple controls. There should be one convenience outlet for every 20 feet of hall.

"DINING ROOM AND OTHER DINING AREAS should have one ¢eiling outlet controlled by a threeway wall switch for lighting each such room, with at least two convenience outlets in each room having a floor area of more than 100 square feet. KITCHEN OR KITCHENETTE should have one centered outlet for lighting, controlled by a wall switch and supplementary side’ wall or ceiling outlets to provide local lighting at range, sink, and other work areas. BATHROOM outlets should be placed In the ceiling and one either side of the mirror. Too, there should be a ceiling outlet for vapor-proof

July 5. Offices of the IndianapolQ Real Estate Board also will be closed .| that day.

CODY’S GRANDSON IN ARMY

CAMP WOLTERS, Tex. (U. P.) — One of Buffalo Bill Cody’s grandsons is an army lieutenant in the infantry.

Norigage LOANS | IRNIE

BLDG. & SAV.ASSN.

FENCE

or EVERY PURPOSE

Call LI. 8531 for ; Free Estimating Service on Material Only or Erection Complete Easy Payments If Desired

FOURTH ANNUAL 4TH OF JULY USED CAR

SALE

JUNE Fm Ly 3RD

Home Books At City Library

New hooks for persons interested in better homes and gardens which may be borrowed from Central Library or through the neighbor.ood branches include: : WHAT EVERY WOMAN SHOULD KNOW ABOUT FURNITURE, by Jeanne Judam (Stokes - Company, New York). The principles of furniture selection for the modern housewife with the limited budget are ably set forth, Photographs are accompanied by brief descriptions. THE MODERN HOUSE IN AMERICA, by James and Katherine Marrow Ford (Architecture - Book Publishing Co., New York). Houses designed on the basis of “functional serviceability,” without reference to “academic documentation,” have been selected from every region of the United States by Prof. and Mrs. Ford. Ranging in cost from $2000 to $150,000, each house is accompanied by a brief description which includes the requirements of the family, the site, construction, interior and exterior finishes, illustrations, diagrams, and other noteworthy special features.

% ORNAMENTAL IRON WORK

for the Home Builders House Fabricated ‘AR Te 5. $C

METAL

Under fu $1 Vision AR Te. R. wd io. 19) N. NOBLE. LL. 9134; Res., MA. $184

are

k UALITY, oh > loan pias ¢ on

For QUA

TE interest RA 1. Dose LOWEST

for

ers liiin for Beautifying Yard ' and Garden

t under-

NOW in full swing

Fourth Annual Fourth of July Used Car

We all know—that there are times when we can definitely save money on clothes, furniture, furs, etc., and so are Phere times when we can save money on good reconditioned

cars. For proof that NOW is that time turn to the Want-ad columns of The TIMES. . ,

ut RED

does

lan 10 SOUR home.

investiWe | invite 300 yee pi 2 without 8st or ob gation to J

BEAUTIFY Your LAWN, SHRUBBERY and FLOWERS With

MUSHROOM OOMPOST

An Economical Fertilizer and Humus . . +JEaay te Apply

100-Ldb. Bag

$7.50

Waliman Mushroom Co. 2333 : Ransdell DR-4462

Lawn ‘Seed, Fertilizers, Pruning Shears & Saws, Garden Tools, Fencing Lawn Rollers, Trellis

FREE CITY-WIDE © 120 E. Washington, MA-2821. DELIVERY ©. 38th and llinols Sts. TA-3321. ® 42nd and College. HU-1393. ® Broad Ripple, 802 E. 63rd. BR-5164, ‘ © Irvington, 5609 E. Wash, IR-2321. i @ East 10th at LaSalle. CH-2321.

ies = - _- ® Fntn, 8q.. 1116 Prospect. MA-3976 * Ey G23 WF Mn. Bi. Maus, lighting fixture in any completely

———————— weswe | er closed Shower compartment. CLOSETS three feet or niore deep need a lighting outlet except where shelving would make , any light source ineffective. LIVING ROOM, BEDROOMS, HALLWAYS and other special rooms require a ceiling outlet for each room. Rooms with an area greater than 300 square feet, rooms in which the length is more than twice the width, and rooms in which the ceiling is extremely low, should Have two ceiling outlets. Convenfence outlets should be placed so that no point along the floor in any wall space is more than 6 feet from an outlet. THE TELEPHONE should have at least one outlet box for each active floor for outside telephone service. OUTDOOR METERS are required except where load conditions prohibit this type of metering and should be located at a point on the building between 4% and 5% feet above the ground. All materials and methods of installation, also, must conform with local regulations and the National Electrical Code. When builders follow the minimum standards, the Electrical League contends, adequate wiring means to the home owner: ° Qonvenience—becausé many modérn electrical appliances can be used to save steps. Economy-because it is cheaper to install a complete job at one time than to add to later.

ALI REIL TL st LUMBER CO.

Lo avd Re BE En BR TA Ib

There are Very Definite savings available today for the used car buyer because of the city-wide “July 4th Used Car Sale.” Every year at this time dealers attempt to reduce stocks to a minimum by making radical price reductions. Take advantage of these lower prices—get a really fine car at $25 to $125 less. Turn to the Want-ads NOW.

Ea ye ST ——ten OPEN DAILY 2 TO 5 P. M. "The ! Indianapolis Home Builders’ Assn.

, Cordially Invites Public Inspection of the New 194] Model Home

D THIS HOUSE HAS LOTS 5 OF PLACES TO PLUG IN LAMPS AND THINGS / * Be Sure You Cot

. ADEQUATE WIRING

lations for Adequate Wiring are availale at the Electric League, 521 ber of , Commerce Building, RI. 2618, These will insure you of having the ‘right number of circuits, heavy enough wire and sufficient Sout, lets. No charge. No obligation.

investigate Colonial's Various Home Loan Plans

Come in Today for Free Consultation About Your Home

Colonial *asion™”

BS SR oA TR GEO. J. EQENOLF

MACHINIST

Buy NOW and SAVE

Was Never More True Than Today— The Reasons Are’ That Prices ARE Going up AND Defense Taxes ARE Coming,

Location

Kessler Blvd. and Gladden Drive

(One Square Eat of N. Meridian St.)

RB Sin Cha TREES® IN ONE ort THE Sr.