Indianapolis Times, Indianapolis, Marion County, 27 July 1946 — Page 14
‘FHA Warns of Speculation
* Administration Commissioner Ray-
®
SEES DANGER N BUYING OF LOTS,
On Unimproved Land.
Home-seeking veterans were warned today by Federal Housing
mond M. Foley against the dar: gerous speculation of buying lots mn unproved raw-land “subdivisions.” | Price rises on both homes and building lots have beén excessive | in the last five years, he said, with a national average of 60 to 65 per cent, But since September, 1945, the national price rise on building lots and raw land has been at the | rate of 60 per cent a year, “Such a rate of price increase is| a danger signal which should be heeded by anyone thinking of buying a lot in any subdivision still mostly in blueprints” Mr. Foley said. : 2 to 5 Times Value “Reports from some areas say land cut up into so-called siibdivisions is selling at from two to five
' times its value four years ago.
“Other reports state the building site situation is getting completely out of hand. Land speculation is| a threat to the veterans emergency | housing program,” Mr. Foley said. FHA is authorized by the veterans emergency housing act to insure new home financing for vet-| erans under title VI of the national housing act on the basis of 90 per cent of the ‘necessary current | cost,” the FHA commissioner Te Need Certain Standards But FHA does not accept purely speculative land values, nor does | it insure the financing of. homes built on tracts of land which are| not carefully planned for commu-! nity - development.
new home in a new community the community as well as the house must meet certain standards. Any veteran considering the pur-| chase of a lot, Mr, Foley said, would |
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Brick Production Passing Seven-Year High Record
Production -of brick. this month!during the war have reopened, but Before FHA makes any commit-| will pass the 400,000,000 mark for about 150 other closed plants have ments to insure a mortgage on a (the first time in seven years, J.
| Ernest Fender,
president of the tion of clay products rising steadily, { Structural Clay Products institute, the need for stepping up the train- | said today,
a
not yet resumed production.”
Mr, Feider said “with produc
| provided.
|
ATOM MEASURE
In Hands of Civilians. _ WASHINGTON, July 27 (U., P).
gram for domestic control of atomic
commission, ; Presidential Press Secretary Charles Ross told reporters Mr.
Truman undoubtedly will sign the
gress yesterday. It meets Ross said. Both senate and house accepted
a conference report vesting sweep-
__ THE INDIANAPOLIS TIMES
TRUMAN TO SIGN
Bill Puts All Developments|:
~$resident Truman today was said i to be ready to approve congress’ pro- &
energy through a five-man, civilian i
atomic energy bill approved by con- Es the | 3: President's wishes 100 per cent, Mr. | & 4
ee i : >
SATURDAY, JULY 27, 1946
Telephone Building to Be Taller
ing powers over nearly all phases of the atomic program in the civilian commission,
grants the commission control over | such materials as uranium 235 and | plutonium, Provides Licensing
It would control through licenses {the development of all Implements | using atomic energy, and on specific orders of the President would manu- | facture the atomic bomb. | As approved by congress, the vil;
would give the armed forces an im-|
portant, but subservient role in | atomic energy development through {a military liaison committee, The | { military could counsel with and advise the commission on phases of control touching upon the national | defense. A special military applications division, headed by a repre- | sentative of the armed forces, is
Stiff penalties, including possible | death sentences, would be given per-| sons responsible for leaks of vital atomic secrets to other nations.
CORN OUTLOOK | REPORTED GOOD
. _|ing of apprentice masons assumes “The estimated output, based on great importance.
do well to weigh it in the FHA! {reports from representative manu- |
centers, traffic conditions and zoning regulations. Full, Correct Answers
“These are among the many)
"questions FHA asks before it ap-|
proves a subdivision for FHA-in-! sured financing,” Mr. Foley said. | “We insist on full and correct answers. It would be well. for home-hungry veterans to do likewise.. My advice is, don't buy Wingy
HIGH CONSTRUCTION VOLUME REPORTED
Contracts awarded for construction in northern Illinois, Indiana, Jowa and Wisconsin and northern! Michigan continued to mount, appreciably in June with advances over May. : This was the report from Chi-| volume ever reported for this area. cago today by Miles Beatty, district manager of the F. W. Dodge Corp, fact-finding organization for the construction industry. Last month's total of contracts was $130,864,000 against $114712000 in May. The cumulative volume Yor the first half of the year amounted to $513,994000 compared with $247. 067,000 in the corresponding period of last year, Mr. Beatty said. This figure compares ‘with the highest
END OF HAMILTON COURT TERM IS SET
Times Special NOBLESVILLE, Ind. July 27— The April term of the Hamilton circuit court will adjourn on the last day of this month, Judge C. M. Gentry has announced No court sessions will be held during August and September. On the first Monday in October Judge Gentry will begin the last session! of his second term .on the bench
erans
“Although have a
large backlog: of {from home builders and others, it {is believed that the industry's output | will continue to rise, so that there
as
orders
soon should be important quantities of brick for non-housing con-
struction.”
Tile Production Up
Mr. Fender
said the production
whig
“Shortages of bricklayers already * scales and ask questions regarding facturers, is nearly double the in- have been reported from some sectopography, accessibility to schools,|dustry’s production rate at V-J tions, and others will develop quickchurches, business and amusement|day and exceeds by nearly 30 per ly as the supply of brick and tile in-| {cent the rate needed for the vet- creases. housing .program | puted by CPA,” Mr. Fender as-ly | serted.
Communities in
et started should take
" Mr. Fender said,
is an increase of 61 per cent Frag Than 10% Finished.
compared with September, 1945.
This
to CPA figures
“The output of brick and tile was of the homes held down in May and June by the veteran's emergency
railroad and coal strikes,” Mr. gram, have been completed, Marion Fender said. It was further de- County Residential Builders Inc pressed “by labor disturbances reported today.
rate also that required for housing, according failed to assure the flow of buildless than 10 per cent the pro-
is in excess of
within the brick industry itself, and
ties.” Government “the
brick industry
officials stated that! the also has been were available,
Because the government ing material, started under
housing
Builders in Indianapolis are comby labor shortages in some locali-! pleting construction of some homes hut the total completed is small to - if materials
number possible
the announcemer
handicapped by the need for train: said. ing new plant personnel.” | Neew Apprentices t
“But plant efficiency improvement, flected in the increased production. The survey showed that 92 More than 100 plants closed down of all veterans’
steady
which is
has shown e
The firm also reported after
which com- mason training programs have not prompt steps to assure an adequate supply brick manufacturers of apprentices,
VETS HOUSING PROGRAM LAGS
of structural clay tile will pass the Survey Here SHOWS Less 100,000-ton mark this month,
has
per cent homes started since
Condition Is " Excilent in
Bartholomew County.
Times Special COLUMBUS, Ind., July 27.—Bar-| tholomew county farmers are an-| ticipating a bumper corn crop, ac-| cording to reports reaching the office of A. V. Keesling, county | agricultural agent. Mr. Keesling said the crop is in | excellent condition and one good ! rain would put it past the tasseling and shooting stage. Other farm crops in the county are reported in good condition. Although the wheat yield in the county was not as large as some farmers expected, it- was about average, and the quality in many fields was above average. A few farmers reported yields of 30 bushels or more per acre. Bartholomew county has between 50,000 and 60,000 acres of corn this vear, John Fletcher, head of the local Ada said.
GETS COMPENSATION IN ROUNDABOUT WAY
TRENTON, N. J., Philip Hyland,
July auditor for
It sation commission, lost his wallet. An anonymous finder returned it, a minus $30. He was sorry to re-
elegraphic check of active build- move the money, he explained, but rs, revealed the veteran's housing he considered it necessary because re- program was stalled in 23 states. he had been disqualified for bene-
fits by the unemployment compensation commission.
the program began Jan. 15, are a — — either. at a standstill or seriously - R A Y delayed. In seven major areas PERMUTIT Te P ar 54 u R builders reported 40,054 priorities Home Water Conditioner taken out, 21,766 units started and makes hard water sos. 11355 completed—a ratio of 8 per Get the facts sow/ | cent completed, 92 per cent unfin- CENTRAL SOFT Sales reported by Associated ished | WATER CO. North Side Realtors this week were: | B 1d vs anticipate no 4 oo PR-2555 841 Southeastern Lot 119 Meridian Kessler Terrace, Fay uiiders ne IPRLE 110 I OYE | rari kc shes — ¢ Cash 2209 E. New York st, Fieber & ment of supplies in the near fueill J or n n Lo Meridian. Lebanon. Ind ture, although ,some believe the | Use Nivioc for Wet Basements 1445 Rockwood, Hicks-Driscoll Co.; 2847 supply will show improvement dur- For waterproofing cinder and ceWestbrook, and lot 295 Warfleigh, Ford ment block houses and buildings. 15 Woods & Co.. three story building on 8. |ing the last quarter of this year. years service is your guarantee of Meridian, Fieber & Reilly & Willis Adams satisfaction Write or ohone for four lots Dixie Highway add. Willis estimate ana information and list Adams; lot 8500 Park ave, Har RoOD- of users
bins Realty Co
State rd. 431 N. of 116th
SISTER KENNY BEGINS
SOLD RETAIL BY VONNEGUT
Keyed to possible growth of inter- | I : | national control machinery, the bill | i
Insurance Co., has been named a
27 <U. P).} the New Jersey unemployment compen-
The headquarters building of the Indiana Bell Telephone Co, 240 N. Meridian st., will look something like this upon completion | of a proposed million-dollar project to add five stories to the present | seven-story structure. The skeich, with plans for construction, is now before the city board of zoning appeals. . io
ENGINEER 1S MOVED | TO CRAWFORDSVILLE
Times Special CRAWFORDSVILLE, Ind, July, 27.—William R. Campbell has been | appointed assistant engineer for the| Crawfordsville district by the state | highway~ commission and has assumed his duties here. Previously he had been employed by the commission as a project en- | gineer at Brazil.
; STATES TO GET USES ‘ WASHINGTON, July 27 (U. P.) — The U. S. employment service will return to state control on November 15 under terms of the labor-federal security appropriations bill signed |vesterday by President Truman.
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Company Honors
Walter Lockwood
Walter F. Lockwood, Indianapolis! agent for the Penn Mutual ' Life
{member of ‘the - | President's club : of the company, : it was announced today. The member= {ship was in recog- 38 | nition of leader- : . | ship in field per-: formance since joined the sompesy in May, John
Mr. Lockwood
fe president said. Mr, Lockwood Ee ot is attending a company conference | at Philadelphia, where he will be! "honored at a special ceremony for | leading the entire force in sales.
TESTIMONY BLOCKED TOKYO, July 27 (U. P.).—Allied war crimes prosecutors revealed to-| day that efforts to present testi- | mony by Henry Pu Yi, puppet em-| peror of Manchuria under the Japanese, had been blocked so far by their inability to get him from the Russians, {
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{value of the property owned by
: ‘A Al fe added to the new hospital fund, i ). This "is ‘the largest donation to [the fund which has been made by
any estate or individual.
RUBZON REMAINS RETURNED
ANILA, July 27 (U, P.).—The | ua of Manuel Quezon, formegp
i president of the Philippi h Westfield Woman Leaves died in the United Stars 10 104 Estate to Institution.
jstived today aboard the cruiser Times Special
Prinselon for burial in his native | S01 NOBLESVILLE, Ind, July The fund being raised for the erec- | tion of a new hospital in Hamilton | county has been boosted by the addition of $10,900.70 from the estate
of Eva Wells, of Westfield. | Fred Pike, Westfield business man and . administrator of the estate, announced that this is the mnet|
GIVEN $10,900
27—|
AST
Miss Wells and under the terms of her will the entire amount is to]
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VEON=TILE
PORCELAIN N STEEL
st, and Jot 25 Windemere-Allls He will retire from tt se next! John H. Max; 2705 N. Gale Jan. 1 after serving Te ye hen 1033" E Sh st and iv lots " « POLIO REGION SURVEY 12 years, Hho, en a kL wil! MINNEAPOLIS, Minn, July 27’ of nn | rity oa EB Joker nd 4603 N. (U. P.),— Sister Elizabeth Kenny Permanent Masonry Waierproofing : 3 me— - a today began a survey of a polio- 108 E. Wash MA.0691. Eve, WA-6676 { \ ~ CROSSWORD PUZZLE mvelitis epidemic which has claimed 5] U 's] y E 1g \ J H y \ 3 (0) = 9) r . Answer to Previous Purzle 28 lives so far this month NN / . | - Sister Kenny, who arrived here nN U. S. Army Unit ALLO] REL SYIEn TE from San Francisco vesterday, said 8 U M B 2 (o (0 s [FIALV] (ey | SE she could not comment on polio A SR po + HORIZONTAL 57 Dominion Sh SEH 4 mh SE CONUIONS hi the area until she | AEE bi ih Se. Lakai EA 5 yg 1,6 Depic is 59 Penetrate SISTA PRES TETA had completed the survey. The DD es 50 Snake | FELIX ADS disease has stricken 309 persons in Army WE VERTICAL NES] GOUIN [PIA % 1 Minnesota since the epidemic began EDIATE DELIVER y! Ee AL ha sapahy ——— r A= q a Di ision '} pasturage ERIE THC SUTRA CANCER FUND TOTALS $788 IMM . untam 2 Papal cz WINE [ESTE Indi Branch Office: : 2 pal capes 2 LY 4 | Times Special ndaiana ranc ce: Li pne 3 Legce ; QOD GREENCASTLE, Ind, July 21.— | go) go oats Bld UTILITY BUILDINGS Re ple 4 Make an 16 Raihoad. (ab.) sorrowful Mrs. Russell Vermillion, chairman . eeunty rust :- 14 Rave edging 171d est (ab.) 44 Entrance of the Putnam county cancer drive, | Indianapolis Market 2497 45 Great Lake 5 Yard (ab.) 20 Exuberant 46 Sailor announced today that a total of : 18 God of love 6.Symbol for. 21 Colonized 47 Either $788 has been raised for this work a rugs (ap) iron 24 Direction 48 Ream (ab) | Forty per cent of the fund will be % ! 5 71 have (contr) 26 Female horses 49 § ght orga used here. The Delta Theta Tau a BA . . : ¢ § J 51 t gan £ au 22 Hare shelled g Flowerless 29 Beverage 50 Heroic sorority. was in charge of the Put- Frame and i o £9 1 \ “ty ve : 23 Earth goddess LL » 3 Entangle 52 Summer nam county drive Sheathing Lumber Delivered 24 Negative performers capable 54 Health r&ort LEGION POST ELECTS to Your 25 Type measure 10 Feminine 35 Allowance 56 Symbol for Times Special Marine Plywood Lot i 23 Rebrew letter name 37 Right of erbium CLOVERDALE, Ind, July 27 Wood or Aluminum Garage . 30 More HOcenn i holding 58 Written form Word war I Yori predominate Doors Marion . 0 a 38 ) ot aa n e [ISL Of new oiflicers ol stdomesticated iba ore of Mister HY. eS Of ps! Portable Electric Tools County 32 Silk ————— ppe—p——r— Collins post of the American Legion, 33 Blaterer coin | | || [ug : Peter Foster, world war II veteran, Builders’ Hardware Jx10-F4. , 1 is the new post commander, suc- All Dried 34 Muse of ’ . ’ is Mes i Ee nt ceeding Eimer Finney. n veteran of | CONTINENTAL LUMBER CO, Inc. bie 36 Natives of ns 5 fw ie hd world war I. Charles Barnneman, 1136 8S. Harding, FR. 7239 Latvia a i “01 t | rte world war II, is vice-commander, BRI i ni ; oe om a ~ . 39 Symbol for : ta iA ] ; sodium 3 wy WN 5 le ir a > ~ NO PRIORITY REQUIRED Sat ff a [ AWNINGS 41 Electrical unit 7 - 4 - Useful for storage, office, shop, business, roadside ; 3 . , ses. Also 3 types 42 Babylonian : COMPIETE ... RECOVERS stand and hundreds of other parpos es Vi : : : E of houses now available from $1,762 up. or ., hi Individually Designed Terrace and Stationary Awnings Our - : : 29 «Specialty, Many Attractive Patterns Available, 9 A.M to 8 P. M. Daily—1 P. M. to 6 P. M. Sundays 4 WE [ue [47 Ted Tag TH 5 . ' . . 3 . ’ » i . ‘ 2 ; > ppmlemeesma— ’ b gt BECK [,.. MY le gEimont | MBE BE mont MATHEWS SUPPLY CORP. : on _., 2400 | CANVAS PRODUCTS, Inc. 4061 : : 3224 W. WASH. ST. '—*
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Communist Known A Were
By REYN({ United Press PEIPING Communist ed tonight a train bri marines fr Peiping anc battle both / munist casualt The Americ suffered more Communists. The Commi garded as of nificance In -v sion now previ Official confi could not be cause only m phone calls from Peiping Halte However, th eations the ba progress. Chinese Naf rushing to the The Chines aid to have from strategic sides of the ri Chinese Nat the marines w coaches in a re when it was | thots which w and Chinese 1 First S The marine have returned taken the defe size of the att scribed as “s have infiltrate line. It was large-scale cla rines and Chi However, it the Communi been aware of marines on t
the
opened fire It was the f the Tientsin-P the signing o
Nationalists ¢ June
BALMY W FORECA
The Indiana é:v promised
weather for Little deviatio] yesterday's hig Weather thr continue pleas the weather k scattered thun cast for the Tuesday afte: LOCAL 71 6am f Tam Ram fam. ’
GETS3T FOR B
BOSTON, . Thomas Farre. was sentenced years in state his initials =w on the body stenographer, Miss Helen haired victim was not in t Farrell was se Sentence we appeal. Farre increased fron he has been or $20,000 wit]
RUBBER PF WASHINGT P.) —Productic day at the re Rubber Co. p Howard Willis raincoats were manufactured.
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TIMI
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