Indianapolis Times, Indianapolis, Marion County, 17 October 1941 — Page 28

One-Family Units Built in

Areas Receiving Land ~ Plaening Analysis.

f

Homes for defense workers are

‘being provided in increasing num-

bers in subdivisions receiving the

FHA’s land planning analysis, the oa

local office reports. : In the first six months of th year, an additional 474 . potential

defense homes were provided for|:

in subdivisions analyzed for Title VI, according . to. H. Evert Kincaid,

chief land planning consultant for

. Zone III,

© All of these will be single-family |

~ detached houses and most are in

the $4000 price class. On the basis

of four to the family, these homes ‘will house 1900, ;

In addition, a total of 2001 homes in the non-defense category will be provided ‘in the subdivisions, making a total of 2475 homes.

| State-Wide

has become a NIGHT - MARE, don’t APOLOGIZE, MODERNIZE! RB ¥ you hove a 16an on | need money to -mod-- } emize, it may be possible for us to handle both items.

mn such. eases, often the new monthly payrent;is less than your present ome. kK may be trwe im YOUR case. At least it costs mothing to find out! DON'T APOLOGIZE MODERNIZE!

GOLDSTEIN'S LIGHTING FIXTURES

are one of the important and pleasing features of the

W. F. PARRISH JR.

6075 Gladden Drive

6081. N. Pennsylvania St. . , . combines three styles,

2 8

yy x =

Burgess House Is Colonial,

The three-bedroom painted brickymonizing gray shade. Especially atand frame home at 6081° N, Penns |tractive is the large crystal chan-

sylvania | 8t. combines some of the features of Cape Cod, Colonial, and

ranch-type stylings,

~ It was built by. Charles H. Bur-ignd pale yellow stripes with a fruit| INte ign. N [North and East Side construction, and sold by American Estates Co

gess, realtor who specializes

to Mr. and Mrs. Ben J, Weaver.

delier from Czechoslovakia.

The floor covering in the breakfast room is linoleum in a geometric pattern. Wallpaper has broad white

In the kitchen are built-in cabi-

‘|nets covering three walls. Cabinet

tops and splash are blue around

Walls in the living room and the|the double sink and walls and ceil-

small front hallway, which has aling are yellow, In one corner is a

guest closet, are painted a dusty|desk where meals may be planned rose. The living room ceiling is|and recipes filed.

ivory, Two large windows almost

A center hallway off the dining

cover the north wall. A fireplace with. a marble facing and hearth yo Bat Hite) jue - and gray and white mantel is flanked by

built-in bookshelves,

design,

FORD

Dado paper is in a har-

One bedroom has pale green striped paper ‘with a floral and grain design. There are two windows and a closet. The other bedroom has two windows, twin closets, and a dusty rose paper with a floral column pattern. Colorful Bath Tile

Bath tile is green and yellow, walls are canary, the tub and shower are combined, fixtures are chrome, and there is a large linen

Lawn, F actory Fence

Service—Delivery BR-5441, Night

closet, just as in the upstairs bath. ae conitap hallViay is a door or Erected e second or stairway. Upper BR-0317—6348 Cornell. \ha)) walls are painted an off-white. |The second floor bath has pink and blue tile walls and floor. The: pale blue bedroom has two closets, one-of them with a second door opening into the attic storage

The basement socidl room has a 4iwooden wainscot and a wood floor iF tor the 4 §|below. the upper walls painted a HOUSE FEATURED TODAY pale oad io in 3 he Tncoment is OVERHEAD DOOR SALES jj o Car Jar » lavatory of Indianapolis . two So ae has an over 7E, 16 te -2087 : =cal- n over11 E. 16th § in head door, plaster walls and two ’ windows. The home will not be

Linoleum | VENETIAN BLINDS & CARPET In the W., Frank Parrish Jr. Heise . Furnished by HENRY BEISINGER. ' . Norge Appliance : 1147 Shelby St. MA-9722 Linoleum, 'Vegetian Blinds, Carpets, ‘Rugs, Furniture, Window Shades.

W. Frank Parrish, Jr.,

. ‘Times ‘Special WASHINGTON, ©Oct, 17.—The 109 savings and loan associations that are members of the Federal Home Loan Bank System in Indiana. increased their resources by 83 per cent in the fiscal year recently ended, James Twohy, governor of the system, said today. He praised the home-financing institutions in the State, recalling that the district ' Federal Home Loan Bank of Indianapolis serving Indiana end Michigan, began operations nine’ years ago last week. “Assets of thé member thrift and home-finance institutions in Indiana. now total $177,388,000,” said Mr. Twohy, “but this increase in size does not fully express the growing usefulness of these associations. Savings and loan associations are currently making nearly 42 per ‘| cent of the total of home loans in Indiana, a much larger proportion than that recorded for any other class of lender.” ‘ He based his statement on reports from Fred T. Greene, president of the Federal Home Loan Bank of Indianapolis, which advanced a total of $26,692,008 to its member institutions in Indiana since it was established as a central credit reservoir for this district in 1932. On August. 31, its outstanding advances to members in the State total $7,790,795.

W. Frank Parrish Jr. : Selects Quality Furnaces for Quality Homes

VICTOR OIL BURNER HEALTHFUL HEATING VACUUM Lincoln \

CLEANING REPAIRING 4576

HALL-NEAL FURNACE CO.

1322-32 N. Capitol Ave.

House

SavingssLoan Associations ? “In Indiana Report Growth

Pole ved A020 XE XH dededrdodolobnke

BILT

| W. FRANK PARRISH JR. Selects

WELL

ISTER

wy MILLWORK

Indiana members of the board of

- 9 Sheet. Metal Work

in the a ho us Built by W. Frank Parrish Jr.

CHARLES GOLDSTEIN

1040 8S. Meridian . LI-9%77. §

ve ELECTRICAL WORK

For the W. Frank Parrish, Jr . Featured House

, JACK DAVIS

MA-3785.

4% (Mortgage Insurance Rate %% Additional) = - * or through | : F.H. A. Modernization Loans YOU MAY PUT YOUR HOME |

Title II MORTGAG

IN GOOD REPAIR

or remodeling; for structural

used for repairs, redecorating

CONSIDER BUILT-IN

If you're building or buying « new home, investigate the advantages of built-in telephone outlets. An inexpensive conduit ' inside the wall does away with - exposed wiripg—makes it un necessary to cut through walls

TEEERNE NT

3 BILLIONS LENT Exterior of Limdsione Cape Cod and Ranch-Type| |JRBAN BUILDERS,

144,700 August Mortgages Totaling $428,000,000 Were Recorded.

Times Special WASHINGTON, Oct. 17—Urban home financing exceeded three billion dollars during the first eight months of 1941, economists of the Federal Home Loan Bank Board announced today. During August, 144,700 mortgages were recorded in an amount of $428,000,000 by all types of lenders, savings and loan group again leading the field with 325 per cent of the total, or $139,000,000. Banks and trust companies recorded $105,000,000 —the second largest amount; and, individual mortgage lenders were third with $69,000,000. In dollar volume, the JanuaryAugust period of. 1941 was 17.4 per cent ahead of that of 1940, and increased in number by 12.4 per cent. Savings and loan associations, regional Federal Home Loan Bank Presidents, the American Title Association and the Mortgage Bankers’ Association co-operate with the Bank Board’s Research and Statistics Division in this regular compilation ‘of mortgage recordings. Following, by types of lenders, are the nation’s August urban recordings up to $20,000 each in value: Number

Amount -Savings and loan ) associations 50,057 $139,156,000

Insurance com7,208. 35,995,000

panies ...... Banks and trust companies .. 30,781 105,153,000 Mutual savings 4990 19,213,000

banks ....... Individuals ,.. 34,161 69,002,000 59,580,000

Other mort= 838eS .,..04. 17,510 Total .....144,747 $428,099,000

directors of the Indianapolis Bank are. Fermor S. Cannon of Indianapolis, Myron H. Gray of Muncie, Walter H. Wertenberger of Auburn, Earl 'C. Bucher of Huntington, Carleton B. McCulloch of Indianapolis and Dr, Herman B Wells of Bloomington,

Library Has New

Gardening Books

NEW GARDEN books and ‘pamphlets available at Central Library include: , I LIKE GARDENING, by Jean Hersey (Hale, Cushman and Flint, Boston, Mass.). Gardening as a pastime or hobby rather than a scientific experiment is the scope of this book. The author writes enthusiastically from her personal experiences. : ROSE RECIPES, by Eleanour Sinclair Rohde (Routledge, London). This quaint and fascinating little book is beautifully decorated by Helen Kapp. It gives a brief history of the various uses for the rose in the days when this flower was valued more for its fragrance, sweet flavor and medicinal usage: than for its behuty. The recipes themselves are divided into three groups: pot-pourris, sweet bags and pomanders; perfumes and sweet waters, and culinary recipes. + ‘Pamphlets 4 SMALL GARDENS AND LANDSCAPE PLANTING, by Helen Swift Jones (William H. Wise &

Co.). Here are suggestions, piotures and drawings to guide the home owner in laying out formal or informal gardens in a small

place. The. make the small gardens

for each of the family.

HOOSIER FENC

Factory, Lawn, Farm, Estate STATE-WIDE SERVICE ' Free tes—Easy

Estima Terms Call. HU-8361—Night, HU-6668 ‘

| ul

SARL

CHAS

Piumbir

. W. STOLTE

IN

LAST

Sale of 4 Lots, Suburban Property Reported by N. Side Realtors.

North Side Realtors, a division off the Indianapolis Real Estate Board, this week reported sale of 19 homes, four lots and a suburban property, House sales were: 4917 E. 34th

2067 Princeton Place, 5290 BE.

‘Ison & Co.; 4835 N. Illinois St., 81@

Berkley -Road and 4123 Carrollton, Ave. by American Estates Co.; 5309

|@raceland Ave. by Robert’ Masons

6075 Gladden Drive ¢ « many windows make it appear bigger.

was built for them by W. F. Par-|phone, radio and clock. Here, as in| high partition across one end of most of the rooms, there are tele-|the living

rish Jr.

Set in Random Pattern

NEW ROOM POSSIBLE WITHOUT BIG COST

The expense of adding a wing to

accommodate a much-needed sew-

ing room, den or library, fréquéntly Pastel wall colors, white woodwork and splash are blue to harmonize|can' be avoided by installing the and many large windows make the|with the flooring. High in the back new room in an tnused attic or hole of Mr. and Mrs. Arthur E.|wall is a ventilating fan. In one|pasement. Witt at 6075 Gladden Drive look|wall of the adjoining breakfast nook} Another effective way of “addeven more spacious than it is. It|is built a triple shelf for the tele-|{ing” space is to install a waist-

room.

~The home is a ranch-type adap-|phone outlets, In the same wall is| Such a partition can be contion constructed of Indiana lime-|a utility closet. The breakfast nook|structed easily and economically of stone set in a random pattern. The|paper is in rose columns of blue and |insulux glass blocks, manufactured oak entrance door opens into ajrose to complete the color scheme.|in a variety of patterns. Because Upper part of the kitchen door|they transmit light, walls of glass guest closet, between the living and|jeading to the enclosed (screens and blocks give an effect of increased glass) breezeway is glass. The floor spaciousness to the room.

short hallway, in which there is a

dining rooms. Mat-finished painted walls in these rooms and the hall are a pale

here, as in the two-car garage, is cement. Garage walls and ceiling

911 N; Senate Ave. by Fieber &s Reilly; 900-902 E. Drive, Woodruff:

Place, and 1726 Bosart Ave, by Fud 2,

M. Knight; 4732 Primrose A

and 3520 Evergreen Ave. by M!

Stump. ; ma ,, Fay ©. Cash sold a lot in Merider> ian-Kessler Terrace, Maten G. Geren

denich sold two lots in Arden, Mr,

Carson sold one in Beverly Heights’ - and R. E. Peckham sold a suburban: property on 82d St. - Vis

Patterson Was Selected to Furnish Window Shades, Linoleum, Unis Rol Swing Overhead Garage

for the House of American Estates, i

builders, featured on this page

“Patterson Shade & Floor Covering Co. - ~113 8. Penn. St. Riley 1496

COMPLETE INSTALLATION OF

STORM SASH and DOORS |“

FOR FREE ESTIMATES CALL

ve, Bridges & Graves; 6140 N, Poing* Oo sylvania St. by Thomas F. Carsony..

5

grey blue, Ceilings are white, There|are plaster, and in one wall is a is a triple window in the living|window. A trap door in the ceiling

~—AR EE

room and a marble fireplace around opens into a storage attic.

which is built a large flesh-tinted . Feature of the dining room is a crystal chandelier. A oor leads to the all-electric kitchen, ere the linoleum is blue marbleized: with an ivory feature stripe. Built-in cabinets cover two walls, the sink is double, and cabinet tops

‘Good’ Mortgage

A hallway off one corner of the living room leads the two bedrooms and the first floor bath done in blue and burgundy. The tile floorgis in these colors, while the glass walls are grey and burgundy. Upper walls are painted a pale apricot. Set into one wall is'a built-in powder table with a large square mirror beside which is a linen closet. The front bedroom has pale coral walls, two windows, and two closets,

JTANDARD

BudLITY

Waterproof and Beautify Your BASEMENT WALLS

on (ND or ETL ELIA)

/ EN Da TE RT RL

vc: Lumber and Millwork }:

. in the featured house of ICAN ESTATES Ill AMERICAN by

Anderson Lumber & Supply

1140 East 46th.

gage debt service and rent for ale

one of them cedar-lined. The larger bedroom has twin closets, one south window, double corner windows on the northeast, and is finished a dusty pink,

Knotty Pine Walls in Den

The den, at the back of the house, has knotty pine walls, a closet, and built-in bookshelves.

‘Loan Described

A “GOOD” mortgage loan is de- . scribed by the Federal Housing Administration as one which meets satisfactorily those tests which are designed to weigh the chances ~of trouble ‘and foreclosure, .

STANDARD

$158 Sherman Drive OH. M8

It is not a loan that is safe; it is one In connection ct wih hich the risk is a one an ra not blindly. Jit The following tests, applied to prospective 8, are among those that reflect the probability of trouble and foreclosure: 1. The ratio between the borrower’s ability to pay and the mortgage debt service. 2. The ratio between the mort=

In the basement there is a large recreation room with an asphalt block floor and a limestone fireplace. Here, and in an adjoining game room, the ceilings are sound-proofed and walls are painted cinder block. There is still another room which can be ‘used as a workshop besides the large room which contains the oil burner, laundry tubs, automatic water’ heater, shower room, and a ra lavatory. The basement, too, has a RE SIE preserves closet and a storage closet ||| GEAR under the stairway. Basement win- | dows are set into metal light wells. Standard throughout are ‘metalframed windows with leaded panes and metal venetian blinds. The house will not be open,

ternative comparable accommodations. “ 3. The position of the real estate and home market. 4. The adjustment of the terms of the mortgage to those forces operating over the neighborhood in which the property is located. 5. The position of the economic forces operating on the urban area as a whole.

FALL “0: ¢ SALE™ , All Stock in Our Sales Ground J at Special REDUCED PRICES

\ - Em en mE wm WS Gm EM a Wm wm em emg

Premium in Merchandise | " Given With Each $5.00 Purchase

Le mi iad

Greatest Sale of the Yea

FENCE

for

EVERY PURPOSE

The American Estates Co.

“STANDARD PLUMBING FIXTURES” |

For Today’s Featured House

. Easy Payments If Desired

ITT $10 5 Coil, Aves.

~~ 5 2 “a 3 PRR. i) o~

PLANT NO dein

FOR THE BEST RESULTS

INDIANA

ISHED BY

CENTRAL SUPPLY COMPANY |

| iow 4 ot sig

i935 ~~» 4:4

Wall Paper and Paint a the Siuactive : Ere diced fhe vaigut Flamt in tie High INSURED 28 E. Maryland St. MA-2525 Jl we will gladly send 5 man to WIIRLTe 1010) ) help you plan your land- hs Roofing and Gener scape work. \ No obligation. Repa: | SPECIAL 4 | | Indiana Paint, Roofing & Pick=U Prices ER

Supply Co. Por 4 it RE (A)

vc ELECTRICAL WORK American Estates House THOMAS A. HINES

2056 E. 46th St.

HU, 1631

GEO. J. EGENOLF 181, W. South L1-6212.

At the Nursery! Andorra Juniper $1.75 ’ \ 15 to 18 Inches. RR 18 to 24 Inches, $2.50.

Mugho Pine ~~ $1.26: “ 10 to 12 Inches.

Blue Colorado Junip'r $2.25 15 to 18 Inches. Green Colo. Juniper $2.75 7 18 to 24 Inches. Von Ehron Juniper $2.50

_ ..._ 18 to 24 Inches, Pyramid Aiborvitae $1.15 770 18 to 24 Inches. Select Your

~ SHADE TREES : NOW! -

Bare l

Varieties. You!

+ ROOFING

SIDING &

EE ——————

hi 4 wi oo - TER

ove Oo