Indianapolis Times, Indianapolis, Marion County, 18 December 1949 — Page 52

ae a — THE INDIANAPOLIS TIMES : Brick Colonial Home Among Sales of Week

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PAGE 50, Se Outlook in the Nation—

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- Of 6- Months’ Boom Lure of High Dividends

>" Revives Public Interest

: By J. A. LIVINGSTON ; THIS WILL BE a Merry. Christmas in Wall Street. The stock market is at the top of a six months’ advance. =. - Since 1914, only six “uninterrupted” upswings have lasted longer. :

The lure of dividends of 5, 6 7 t and higher is The boom. In sales of shares of Their tips include: » { per cent and higher 18 mytual investment founds—up 30 Don’t try to thaw out frozen

whittling away at the once- per cent over 1M8—is proof of Christmas. gift . . . this red brick, center-hall colonial home jn 825 E. 78th St., was among sales Water pipes with an open flame. | burned, twice-cautious heritage of "®vived public interest in Wall] 404 by Warren C. Atkinson & Co., realtors and builders. The dwelling, centered on a wooded [he only safe way is to use hot| 1929... Why, people - ask, sock Street. These shares enable a 100x150 lot, was purchased by Mr. and Mrs. LR. Hess. e oth. Many master © plumbers everything away in savings banks small investor to buy a package oo : an ating contractors have at, siy, 2 per cent, or in U.: 8. of secuirties at once. And hel . "= | equipment which will thaw pipes| savings bonds at 27% per cent, doesn't have to worry, as he So You Want to Buy a Home— 1 * {by the use of an electric current.| when you can buy General Motors does when he buys a stock of a ° ° ransactions | Don’t use a plumber’s torch to| or Standard Oil of New Jersey single company, that maybe «+ Financing Terms Made {thaw pipes. In inexperienced

to yield twice as much? | picking a lemon, (hands, the torch may cause fire

Trading Up, Too (Lowen i More Favorable to Buyer By N. Side Realtors x tei “= ©

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Plumbers List Sold by Studebaker Realty Co. _

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Bureau Gives Hints on| Protecting Equipment Like your automobile, your! household plumbing and heating equipment should get added protection this time of year. The Plumbing and Heating Industries Bureau of Chicago, a na-| tional trade association, lists 12 methods for winter protection. of the equipment,

steam in closed pipes. This_six-room, modern frame home in 3755 Murray St. was Don’t use lye, potash or drain) :

curities salesmen can make a real effort—going from house to house | , 13. .4% J Studebaker Realty Co. 1630 Shelby St. if need be-to sell them. The overall commission runs around 7| Lending Institutions Are Prepared for Nine of 20 real estate trans. ou Haw out frozen waste] 0M by He ty nid 1 . . - . i r NS y { . 4 per cent to 8 per cent, is many times greater than that on the sale | A Large Sized Cash Loan Year in 1950 North Belle EC aR yourself or to workmen who may Home Building in 1949 Sets All-Time Record

of a stock listed on the New York Btock Excha . Naturally,! the buyer pays this “load,” but ? of change 2 y (Continued From Page 49) were completed by Jack C. Carr, |try to correct damage ypu have

Ing was at the starvation level | Processing of your loan is from recorded through Nov. 30 at the 3119 N Capi ae Ea Fourteen real estate trans- that month, the bureau stated, building stemmed.from both priof one million shares a day or jare assuming It won't come at g30 to $60 in Marion County. This| courthouse. 955.97 11th St. ! actions were reported this week Last month was thé fifth consecu-/ vate and publicly financed cone less, (all. depends Ae on Rio CO | A of Jecorded Properties in 25 N. Oxford St. by the Smiley Real Estate Co, tive record-making period. struction in the country, the bue | from $5 to $20 is Pract ‘tor ap- structures both over and under| 015 E. Washington , om 307 Fountain Square building. | 35 E \

HOPE FOR THE WORLD praisal, also. [the demarcation mark of $20,000. 34=0 Guilford Ave. were listed as| The sales included the pur-

EG Plenty of Free Parking

i In today's local market, pur- However, totals do not recognize putterworth & Teeters sales on!chase of a lot by John A, Taylor| Sa Dollar gap narrows, as uU. 8. imports slowly chase price reflects true value of such mortgages as the $40 million ow ANSR report. at Troy and State Aves. the ELECTRIC HEATER rise and exports decline. your property, lenders point out. from the Indianapolis Power & (Other sales included a lot in ty | \ y 1800 | |” You're getting your money's Light €o. to the American Na- Orchard Acres by Willis Adams; co y firm reported. Special purchase of UL approved S$ 9h | worth, they contend. tional Bank & Trust Co. of Chi- 3 100-foot lot in Capitol Ave. Other sales included property Electric Heaters. Regular $11.95 | Statistically speaking, activity cago. north of 41st St. lots 85, 89 and nes Ceasant St by ue value. While 20 last .....couuu._ anterbur ition, Mrs. George R. eistand, 1000 FHA insures Loans [Pr c. ls pi kA, suburban home south, Mr. and ’ WORK BENCHES PING PON | The Federal Housing Administration, established by the Na- pho. & Reilly; 1302 N. Tacoma Mrs. Wilbur Heath; 1622-24 a ¥ tional Housing Act, created an insured mortgage system. Ave. and 3221 N. Tacoma Ave, Pleasant St. Hugh J. Finley: KD. Preat for shy assem TABLE This system offers borrowers, large and small; the most tiberali , | M. Graves, Inc.; 4810 Win- Lutheran. Welfare Association, 35 high. Just the gift for § KD. Standard table tennis credit terms available. Money advanced on FHA guaranteed 10anS ypron Ave, 3321-23 Boulevard home, Tenice Stinson, repur- the hobbyist. imensions, unfinished

with te’ top, 2 Discs. a» v, or &3¢ Mma Ou SEH 2 Uh... Fhe i at PI Ma Drawer $11.95

00 are private and not government. ' {Place and four acres and a cabin chased by Melvin Shuppert. sh FHA insures mortgage loans made by. approved lending dnsth< egresr CEBERINS FM Kifght| Southport "Ri" risidensy Mv. -4 bation te fosponaibie Peregng : rr TT Realty Co.; 2243 Madison Ave. |and Mrs. Victor Falls; 1135 “with a steady income and good home at full vatue, you can ob-/p ‘gp pe kham; 7400 N. Pennsyl-| Churchman, Gilbert G. Saylor; credit system.” tain a maximum insured loan for vania St. Harry L. Robbins. |p19 8. State St., Mr. and Mrs.| a x This plan enables borrowers to j30 or 2 years at 44 per cent. Properties in 5309 Boulevard Ruppert A. Merwin; 825 Villa] , ere is also a one-half of one . 50 Grac e |Ave. Mr. and Mrs. Ivan Wil ] Baba: Depetmonsh of Cine -— wi Phin org low interest per cent charge for ha ho Place er . and 6158 Srite ams; Stop 12 and McFarland rates and easy-to-meet monthly 828¢ Insurance premium WRICh oq. Ford Woods & Co. were Roads, Theodore Whitaker; 317, : First Half 0 Winfleld Riefler, assistant to the chair. yments, (protects the lender. i also reperted sold. N. Fenton, Mr. and Mrs. Robert i man of the Federal Reserve Board, last|” ypo,ih)y payments reduce prin-| On this basis your down pay- “om oro for 1950 elected at the L. Younce; 1155 Hoyt Ave. Mr.| k said in Cleveland that business “will remain strong through elpal and meets interest, taxes ment will be $1300 and your ANSR meeting Monday were and Mrs. Forrest C. Ryan; 5025) e first half of 1950.” That is the general expectation for next and other fixed charges. Other monthly payments, including prin- Warren Atkinson, chairman: Wil- Reeder St. Mr, and Mrs. Alan! r: First half okay, second half obscure, The danger is that main FHA features boasts elim- cipal and interest, will be $58.53 lis Adams, vice chairman; C. VanDevanler, and 1201 Olive St.| people will take the whole year for granted— —as good. wo... |Ination of second mortgages and pits 12th more for annual taxes Scott Padget, secretary-treasurer, Mr. and Mrs. Buren J. Williams, pHeretofore, In the post-war / the privilege of full loan pay- NC ‘nsurance. and B, W. Duck Jr. and Forest were other properties handled by,

{what so’ many have been walt- (This is on a non-GI loan basis. Pri , businessmen have been yo for—the bad news. ment before maturity, Combination GI-FHA loans will B. Kellogg, executive committee. the realty firm,

fearful of a 1920-21 repeat per-| By the end of summer the auto-| V8 10us types oo Juorigage be explained in the GI section.) | ” EE , sg — férmance that they've Held down mobile market is apt to be a loans ro Titman 5.000 at! To encourage “economy home” | pventories, been cautious in buy. Pit Saggy. Thus, 1950 will be the ¢ v |building and purchasing, FHA

first post-war year in which a|4% per cent Interest for as long yy; insure a mortgage up to 95 4g policies, and tried to figurelgive and-take market will exist|®8 20 years on any residental ,.. cont if the loan doesn’t exceed

of the contingencies that lay in virtually all major products:| Structure up to the foursfamily ggo00, 9 ahead. Their caution has been the] Autos, housing, industrial ma-|tyPe. | On an “economy house” ap-| puntry’s insurance policy chinery, steel, and so on. Hence, However, special loans are praised at $6325, FHA will insure a st a major post-war de- the economy is more vulernable| considered and under certain con-| 5 $6000 loan. This is the near per-| ; pression. than it was when such major in-| ditions a Befrow#P™ can obtain fect example, Mr. Barnett ex-| But now, if optimism becommes| Justries as steel, autos, and hous-|30 year terms on his mortgage, plained. oh

ing were still bolstered by we-/C. Worth Barnett, assistant In-| 11,585 FHA Units pant, if, in the early months have-to-have-it-now demand. diana FHA director, pointed out.| _... =. saistanide! 1050, spending by veterans of] Moreover, the supply of goods| Title Two, the small home mort-|,, ough Nov 223 c BA assed insurance repayments leads! coming on the U. 8. market from age Insurance plan, is the one . & ; op Wir a

o i ; total housing units insured and| heavy buying of inventories by abroad is likely to increase—as most generally used by home , { . total dollar volume of mortgages filers, wholesalers, and manu-{a consequence of devaluation of buyers here. The FHA also pro-| reported last year in the state and . urers, if steel companies boost the pound and other currencies, | Vides plans for rental and. prop-| = =. ’ | . . if a stock market advance U. 8. imports rose in October to erty improvements. An “economy ta i to the general feell of 80 far this year, 11.935 Fousing| . $

Call Us for Your Open Sunday Lumber & Hardware 8130 a.m. to | p.m,

$559 million from $530 million in| house” plan Is also available. | 0 oiag at $83613 's well with the world,” then September. Back in July, they, Before insuring your mortgage, beer approved by FHA in the second half could ,well. be!were only $456 million. {FHA -appraises and examines

state. = Average mortgage loan tra Sh . D At the same time, U, 8. ex. YOUT Property. This is orp of the equals $7248.63. 5s You aren’t just glad the day you buy our fine clothing. Xira opp ng ay Ports have declined. At $549 pY Suiefunres FUL (EOL | Of the state Jol this year. : You're glad every time you wear them. Every time you n in Octeber, t were at the lowest level in th pars, asi ' : - 3 sing | . y - # ‘ 3 the marttime-strike month of ‘November. 1048, As. European’ Depending on the amount of pax been more than $25 million. | : DON’T have to press them . . . because they hold their

lines so well. Every time you pass a mirror! Every time vou realize what a whale of a buy they are! We buy choice, all-wool ‘fabrics from our own modern factories. The $10 to $15 you save looks mighty good in your pocket. And,

other nations get on their economic feet, they need less from JOT '08n and type of property, At present, approval of 8300] e U. 8. and are able to sell more. In 1950, the drop in foreign de- 1A appraisals are from 80 0 units in the state awaits FHa nd and the increase .in supply 95 per cent of the home's price insurance. uld tend to aggravate deflation- this Christmas. The correspond. 'a8. Sometimes on new construc-| In 1948. FHA underwrote 9162 forces—should they develop. ing week of 1948 was Dec. 11. tion, FHA appraisals will be more units at $61,453,942. The county's

¥ Meanwhile, the Christmas There were only 11 shopping days than the purchase price: part of this amourited to $15.9 JO . . Frade outlook Is cheering. De- left till the 25th, as ED 12! If FHA appraises your $10,000 million. brother, you can say that again and agam and again! partment store sales for the days this year. And the last day i Week ended Dec. 10 were off hefore Christmas, 1949, is Satur- How Gl Loan Works | only 4 per cent from the cor- dav, i It you re a veteran. the lending institution will apply for GI| Fesponding week of 1948. The , So Christmas in the stores RPPIOYA on your loan through the local VA. 0 line for the year to date has could close with a whoosh. Sales he VA guarantees your loan and not your house. This is n 6 per cent. But in view of in the week of the 24th ought to! 20 important axiom to remember, the local VA cautions. So wer prices, this year, actual run 15 per cent ahead of last Generally GI approvals are given in combination with FHA | : A rchandise sold—the number vear. And total Christmas re- mortgage-insured loans. In this case, the GI loan is tagged a

f transactions—is as high or sults—since Thanks givin g—| secondary mortgage. The prihigher than last year. should not be far behind vear-ago| Mary mortgage is the larger. y Not only that, but merchants dollar totals, in spite of the slow Actually, VA guarantees 50 per 11 get In an extra sales day start. cent of a GI loan which doesn’t ‘ aii ; {exceed $4000. If you make an

years at the current 4'; per cent rate. Add to this monthly pay-| ment 1/12th more for annual taxes and insurance.

| $8000 loan, VA can guarantee se 01 total monthly rent is

- / LJ Hiring a Lawyer Is Better |PThia doesnt a te a ern- This Joan was completed with-

WORSTEDS

- . ) out a down payment. Howeyer, h oy Hi T {ment. will pay interest on your most lending institufions, even on an } e ing rappe | loan either. The guarantee 1s a GI-FHA combination deal, re- , {against default. Under the original act, thé govlernment paid 50 per cent of the first year's 4 per cent interest,

you straight In lieu of this avment, th N Is. Incidentally, you're not the on your deal. Rgliable lending | arnment ale Days in the oO oneses,” so you don’t have to institutions will help you finance amendme ) Reep up with them, your home properly.

quire 10 per cent down. Tenders like a cash equity for they believe the borrower will take more pride and interest’in maintaining his property. “But money doesn't always nt of the act, gives the talk." says E. G. Wilkinson, loan lender an outrigin gratuity. of 4 guarantee officer for the Indiana TT: Y Building materials and equipment Per cent on the. guaranteed por- regional VA office. fTimmmmbbberr manufgcturers are ant their; tion of the loan. “Our recorgs show less default fdvertising dollars. There's a move in the Central States bui'ding! This means the government on 100 per cent loans than on fhdustry to corrglate their separate advertising campaigns. gives the lender $160 on your loans with cash equity,” he states. § A note from the Ohio Association of Retail Lumber Dealers asks $4000 loan. Your loan principal Down From 1947 Fe who will participate in the Ohio Lumbermen's Expo- immediately decreases to $3840

(Continued From Page 49)

~ Axperiment on your property—| Reputable, experienced realtors fis they're going to foot the or builders will set 1

ZIP - LINED VENETIAN COVERT TOPCOATS...

‘31°

Statistics show number of GI|

climbed in recent years. “percent-| Lenders Like Cash Equity loans, total guaranty and total

ion in Cleveland next month to

splay their trade promotion pro- agewise expenditures for luxury] On a combination GI-FHA dollar volume are down from the @ams along with their products. jtems and nonessentials have! loan, the VA will guarantee a 100 1947 peak in Marion Gounty. : The Ohio RLD points out these boomed at the expense of food, per cent GI secondary loan that However. the trend has been] fromotion programs represent an clothing and shelter.” {doesn’t exceed 20 per cent of the reversed in the past month aggregate advertising outlay of Yet if forecasts mean anything, purchase price. (Keep in mind, through the 1 per cent processing ore than $7 million. There is a next year will be & bigger con- However, the $4000 maximum fee on 4 per cent notes which VA need to co-ordinate the industry's struction period than the - 1949) guarantee.) approved this month. Full pur-| afl drives for more effectiveness banner season. So, boys, your| This means, on your $10,000 chase of GI mortgages by Fannyxt year, the RLD stresses. lumber advertising “jack” should home appraised at $8000, the VA/ May, as explained in earlier| The Buckeye group warns that, be falling back like . . . “timmm- | will guarantee $2000 on a 100 per Times stories, is also spurring while the national income has bbberr.” {cent basis for 20 years. rapid acceptance of veteran notes. |

Payments on that 20-year $2000 Through Dec. 5, 997 GI loans]

The all-electric Deluxe Home here became were approved at-a guarantee of | hort Takes non-electric one day last week. After being logn at the current GI loan rate $1,836,903 and a total dollar vol-

own for more than a month, ole Reddy Kilowatt wanted his due, Of § Per cent are-$12.12 a month. | nC" Tea 00) 40 ms somebody forgot to pay the bill. The forgetful one: The In- Now: if the remaining $8000 on, Since 1945, more than $30 milnapolis Power & Light Co. They provided current gratis, but it|¥our home is guaranteed by FHA. on in GI loans were approved in tpok their own white bill to turn their faces red. . . . Realtor [YOUT Payments on this portion will| yo ion ‘County, VA records show ¥ Carson observed. Big . —t ees | RIAOUNE tO $58.82 a month for 20 eee den Ming anniversary last|aolon cards through October. EE a . :

There are 12,205 training in the, Copper Installation Monday. Associated North Side [. 8., according to Labor Depart. | PR

altors toasted him publicly..../ment figures. . . . Here's more Guide Available @ American Institute of Archi-|good news for veterans: A na-| A new specification guide to cts are looking in. the mirror. tional. Veterans’ ‘Administration sheet ‘copper installation’ is now , Edwin 8.'Burdell, N. Y. Coop- report extends GI applications available for local architects and! ef Union director, heads a study for loans guaranteed or insured|/sheet metal. contractors. of architectural education, in-/under the ex-serviceman's pro-| The booklet is the result of a ~‘ternship’ and registration nation- gram until July 25, 1957. Excep-{10-year program of design dely. The appraisal ‘is handled tions were cited for veterans who|velopment and field testing by enan expert-paneled commission re-enlisted under the Armed gineers of the Revere Copper & A. I. A. members. , . . Brick-|Forces ~ Voluntary Recruitment|Brass, Inc, research department, tice graduates fash-'Act., They have 10 years from| Coples are being distributed & new record this year. the end of their re-enlistment pe-|locally by P. H. Anderson, district than 800 ousted thet riod in which to apply for GI|Revere freee. A108 E. Washig for the loans, the bulletin explairied. ington | - } erarirrrt . : pial . ;

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Christmas Store Hours SAM te 8130 P. M,

America’s Famous Clothes 36 E. WASHINGTON ST."

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SUNDAY, DEC. 18, 1949

gets in exchange diversification The revival in Wall Street rep- And a good rule-of-thumb, as in mortgage loans in Marion Newest member of the group. done assume frozen bl will This year has already been, Housing starts for the first 11 and continuous management. tesents, in part at least, a re--pointed out in the first article of+County is climbing rapidly. How-' ,Butterworth & Teeters listed thaw unaided Ee Aion 4 ory 288d a_record period n_Amer- months this year had already sur. — Brokers are enjoying the pirth in confidence in business this series, is one week's wages ever, total dollar volume of mort- ive Sales pecond highest group warmer. Bel8 ican home building, according to passed 1925, the former record stock market. On Wednesday, Ever since the stock market equal one manth’'s payments. gages made ‘this year is approxi o ie named among eo 'the Labor Department's Bureau home-building year. So far in for instance, 2.2 million shares = S00¢ HO ' Most agencies have a liberal: mately $1.2 million. below last BTOUP associate: . . . fof Statistics 1949, 937,100 starts had been rewere traded on the New York break in September, 1946, the ery policy on loans in case you de- year's figures at this time. - The Carr properties were n' Realty Firm Lists | ’ - nN 000 sing . ded ™ 1925 k Exchange, Most securities firms Was that the United States had fault on payments. This again Transactions in the county 7449 N Meridian Bt. 313 Hamp- . | More than 93 0 housing or ed. e. 2 mark was can make a good Hving at that [to have a major postwar depres- depends on the type loan and the show 13,191 mortgages valued fon Drive, 21 nWAY, 2343 ‘ar 14 Transactions | “starts in N ovem ber bas 937.000, the bureau said. rate. Earlier in the year, trad- |. But now people generally individual situation. : at more than $73.5 million were '°8¢ / v Ny, Jo ’ {smashed all existing records for This year's gains in home

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SUNDAY,

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“Small He Now Po In looking f Are buying wha an eye to goo fences in the ho price for the: fi The desire fc diminished. Sm contain all the larger houses, y are soaring to ularity. . Location Js « desirability. Lo lines, shopping schools are bec reason being th

tions reach out utility and sho Have ! It is also the tures the ima buyer. These ec built to live in, at low cost. Th vet they are n finer touches which .gives a t Today one o Ave., which is St. It is the pro & Service, Inc house quality, house convenie charm. Out on N. Dr ony of these ne tailoredto pocketbook but materials as go even in the §$ range. Located on a gravel with c and curbs with able connected, ready to move ir takes over. They're insul PP ————

WALL HBR ATL Ca SRR RS Sar * FURNI

WALLPI PAIN

We are hapy nished the

KITCHEN in a nun “Econon built by Air Sales & On N, Dr and featured

3909 Sui Phone

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