Indianapolis Times, Indianapolis, Marion County, 20 February 1948 — Page 3

4 k reports had reached his office of

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basie, . ‘made with ® ed skirt. HE

Third Flsor

Styles ...in

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scinating bags at 5.00° re varied | A—Black, —Black plastic

Street Floor

Cut in Year

CHERT By EARL ICH

puflding costs Most government private-hous-officials say usly 5

Tt August and rediction made ) ted several times since that there would be a gradual decline {n building costs in the next 18 months. Although six . months have elapsed since the prediction without any visible sign of a decline, Mr. Richards was certain it would come. He sald he knew it wasn’t popular with builders to make| such a prediction because it served to increase buyers’ resistance, but that is the way he sees the situation. He bases his opinion on the fmproved supply of building. materials, increased productivity and the fact that these conditions now make it possible for construction

of a building to proceed reason-|

ably well on schedule. No Building Dip Yet - | The FHA commissioner said no

any decrease in building costs , since the dip.in the commodity market.

He said he had many reports of increased productivity. One big builder told him that carpenters were now applying for jobs at regular wages whereas only a year ago this builder had to pay black market wages to the few carpenters he could hire.

An official of the National Home Builders Association also said labor was getting much more work done now than a year ago. This will reduce home costs, said “Mr. Richards. :

A Commerce Department construction expert said his “curbstone” opinion was that costs would level off during the next few months and drop some during the last quarter of this Year,

Simply Readjustment In his opinion, the grain break Was simply a commodity’ market readjustment that will not affect other fields such as housing,

An interesting an, t imponderable TS od a Rr Picture is the tightening of cree Dislike to Tie Funds This means bankers dislike to tie up their funds’ in long-term mortgages paying 4 per cent interest, even though these mort8ages are guaranteed by the government through FHA and GI inSurance on home loans. These bankers evidently think they soon Will be able to get a better rate of Interest, TTT . Nét result of this situation, Said the Home Builders official, is that new home buyers in the future may have to pay Interest rates on their mortgages. This will tend to offset somewhat any decline in construction costs, he said.

STRAUSS SAYS:

KAYNEE

SANFORIZED— WASHABLE— CoTTON— FAST COLOR— . MANY PATTERNS— SIZES 4 bo 10 ~ HURRY—! 20— FOURTH FLOOR— PERIOD @

-

L STRAISS & co. |

oi

‘ | + THE MANS STORE | ‘. A ol WR Lo LR Sit i i i ay i fe "hf

“To Grain Tumble |

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oy STRAUSS SAYS—TRADITION WITH A TOUCH OF IOMORROW

HOW ABOUT A GOOD LIE—

Send it fo us—or drop it in—{at the Cigar counter i 7 intl the Cig :

Blanks can be had here—or use your own. . The winner will be announced on February 28th— * [the opening night of the Indiana . nd Bagh Show The! rm seaugh March 7%) av State ave your entry ly SQ not later than tomorrow, Eee 21st).

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\

EXPRESS SERVICE to the

The Second ; : ;

«It's almost as if the Clothing floor—had

- first floor convenience—

- ==You step through the Washington Street doors— or the Illinois Street doors— : he * and there you are practically on the Electric Stairways— which take you, in comfort, to the middle of . the Clothing Floor—=in the matter of seconds. _

)

’ CLOSE TO 1,000 FRESH, FINE NEW SPRING SUITS FROM A EG MAN WHO IS SECOND TO NONE—@BUT NONE) GENERAL DATA ) 4 Lf 5 this picture indicates—about Fi ; - ghman. Flannels Unfinished Worsteds— * oan be. talan care oft ig Coverts Clearface Worsteds There are single breasted Worsted-Cheviots gh body and character : and double breasted ’ . . » | : » . . wits 1 | This is an introduction! It is an opportunity! Back of it is the desire to emphasize Conservative (but alerf) AE is . . y 5 in cut once again—the Strauss tradition of starting each new season with a series of spectacular 6 dhs And younger models—{if one of . : - : i : those fellows na Sal | : N those fell ce re Values and then try to keep it up! | | | notice a deep center “ vent—these, too, are ] wl : , included), i In this endeavor—we enlisted one of the He put FABRICS into these suits thet are good They re fresh and Sm most capable—one of the most dependable—suit | io d > fosl and o> the S78--pickad pia Jowar} to the world. Oot sho * makers in the medium priced field— department of the wallet! | ¥ : Ck ok ok a man with whom we've dealt for decades—! Particular Jo ve jor Yours Sortion do! he NOTE PLEASE 2 ‘He put into these suits his thorough . the "mill finishes" and the costly bt , ubile close fo 1100 wits (108340 ~~ tailor work—the fit, the “expression,” the litte of the "clear faces." 5" Le Se oo a. : refinements—that belong in much : oy s Tow dls can weave tome oul very long the size ranges and costlier company. Ready right now. i color salactions are Fry : | =

Ny he tdock STORE HOURS, DAILY 9:30

y STRAUSS & C0,

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4 ; bi wv Ay All ide ai Bah bl Si Slit ey

TILL S—CLOTHING FLOOR, SECOND

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