Indianapolis Times, Indianapolis, Marion County, 12 March 1950 — Page 51

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gertip. imple-

ration ib out ormoll

tric Heat. need for

at is free 3 from an it is cone Jintenance

ev homes u want it. remendous ting units.

3760 | ° Vilson

easonable Ind floor, jot, 2-car

RD.—A hot water n, OPEN

.are 358

Lookail Urges Brokers

Use 'Realtor' Tag in Ads

Says ‘Agents’ Can't Guaraniee. Professional

Integrity,

Sud selling piopesty in much in ‘Dan's a real Aoi age shifty eyes. He's not a realtor.

There's a difference. And there reasons to

to-amplity the! demarcation line between real : n realty

Those 358 reasons gre members of the Indianapolis. Real Estate Board. They are realtors, professional brokers guaranteeing integrity, ability and high ethical ‘conduct.

Ethics Which Term Connotes

“DAN; ‘THE SELF-STYLED real estate man, is with us He's the commission- -happy broker wi

nt with a speculative twinkle in his|

‘Rale-Trap’

last week.

They do the legwork to insure|t0! Hill, security, home ownership with no

mitigating after-effects.

Realtors are entrusted with the important fiduciary relationships interwoven in real estate transactions, They are affiliated with a national organization which

connotes top business competence. One of the by-laws to which |

a realtor pledges his integrity |

concerns the protection of the | public against “fraud, misrep-

resentation, or unethical prac- |

tices. . . ” This should be reason enough to deal with a realtor and not a. real estate agent.

The shake was at in motion by public housing ‘and co-opera- |

vote this week-end in Congress. The bills (Maybank- -Sparkman- |

ernment subsidized housing) gath-|

ings.

“It's sufficient reason for every {tional associates posed one big

realtor to use that term in all question.

business relationships,”

added

John Lookabill, chairman of the

board.

To his associates, Mr. Lookabill last week urged the use of that term in advertising and business need

“realtor use committee of the local

stationery. To potential custom-|

ers, Mr. Lookabill stressed: - “Look for realtor in ads. It's a mark of distinction. It means qualified service and protection of your investment.”

‘ a - EA “ “

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MARION COUNTY home builders heard a House-rattling rumble |

The construction seismographi | needle pointed East. The undula- > ANSR’ officers said.

tory. tremor was nothing new. It! {has always stemmed from Capi-|

tive housing bills ‘due for floor!

Spence: Pump prinsers for gov-, ered strength in committee hear- |}

Realtors were urged by Board .| I

(Close to Record

] | { 41 Transactions | Listed For Week

lweek ending Feb. 26. | The 37 brokers in the associaition yesterday reported 41 trans: actions for the week’ ending Mar. ~This was one Jess than the la reported completed in last week’s tabulation. The sales tied the previous (high mark for the year set dur-| /ing a twa-week period ending Jan.

The list, submitted by. a

{Secretary (. Scott Padget, fe-| {ported the following home and| jinvestment property transactions:

{Washington Blvd, {Ave., 6540 Dover Road, 4820 Hav. erford, 3535 Central Ave. (Tacoma, 1826 E. 11th St. and 15520 Washington Blvd. The lat-| er was a cross-sale with the! er “Savage Co.

Joe ‘Berger — 6158 Winthrop

| | BAR |

man Warten M. Atkinson and!

This North Side modern American colonial Wome fooped major + American Estates’ Co. — 5947, sales last month by Kenneth P. Fry, realtor. Mr. 4510 Park at 5890 Compton Ave. for the Development &

= Al Deliveries 0f Wheat Soar

_ THE INDIANAPOLIS TIMES _

Real Estate Sales North Side Colonial Home Sold =

6 Realtor to Get Certificates

FY sold the house | A |

1949,

{

IW. J. Goodwin

} | stitute here.

{ing the year.

(1948. production,

| ®iof brick and output in 1948, Mr. Goodwin sai nstruction Co. | out.

Shipment

he said.

Brick, Tile Output ? Declines all

Special

i Tim 4 WASHINGTON. Mar. 11- While. | production of structural clay facTing tile hit an. all-time peak in total output of brick and [tile dipped from post-war highs | » | This was reported last week by president of. ithe Structural Clay Products lad

Jr.

H-— Mr. Goodwin sajd more than] > {369 million brick equivalent units lot facing tile were produced dur-| This marks a 10 I per cent increase over the record!

he said.

Brick. Output Drops i. However. while total production: tile dropped 41% “iper tent from the post-war ‘high it-was still higher {than any other year since 1930,

Brick output was off 7 per cent] and structural clay tile increased! {5 per cent during 1949, he pointed | : of brick during | 11949 also declined 93 per cent,

“Dollar value of all structural lay products Tn 1949 dropped 4

Receives Award Building C pix To Hear

An Indianapolis building mans ager will be among 15 ‘industry loaders to address the Southern { Conference of Building Owners ‘and Managers in _ onl [New Orleans | Mar. 20, - Maynard Ho‘kanson, “vice. {president and J secretary of the : JKiume Mansur lat "the closing a (afternoon meet- = ling of the two-u jday session. { Mr. Hokanson, He 4 | national associ- Mr- Hokanson tation vice president for associate | members, will speak on “Our Strategic Position,” the confere lence program committee ans | nounced yesterday. | Leasing policies, tenant tela | tions and national and regional {developments in the skyscraper | Industry will’ be discussed by ; speakers for the Southern group, New Orleans Mayor de Les. seps 8S. Morrison will welcome the ~~ rdelegates-before Mr. “Hokanson's address.

Fred ‘C. Tucker Sr.

Already acclaimed as gone of Indianapolis’ more astute brokers and realtor representatives, Fred C. Tucker Sr. last week “was cited by his “¢ol-

President Bruce Savage to “fry” A Sa rt hi Drop: Six realtors and an associateiPer Tent Do Ins ae I lege fraternity for distinguished local re resentatives to thumb- ve,, alston ve ( memb 5 oy bie .. year, Mr. Goodw stated. "Sales gervice. | don measures. The rumble Carvel Ave. and 1128 E. 58th St. CHICAGO, Mar. 11 (UP)—All Rear yl Will receive. Indianapolis yoycheq $158 million last vear. Mr. Tucker added the Deita |Structural Steel | was louder.’ stronger. The latter was a cross-transac- of heat id at new weal’ Estate Board certificates In 1048, sales hit $169 million.” | Tau Delta national award to Shipments Decline : i wi 3 3 deliveries of wheat se this week. He attributed the reductio ) > ’ ~itati And as the bills wer leq Hon With the Jack C. Carr Co. highs for the season this week on - lon to the row of citations dotting the ere pulle o Ta RR ; The petitioners fo y leveling-off of home .construc-' buff walls’ of his agency office, Fabricated structural steel from committee hands, Hoosier) _Buttervorth & Teeters Co.-line Board of Trade P for met ber UD fon aad. continues high demand 720 Pp Book as bookings and shipments declined |builaers along with. their na- Sos Bp S and Jos Ao gi However, only the oid. croft the Board were approved by for -indu trial and in stitutional 120 Deel Dan B 8 rother” in January, the American Insti 20 in the Greenleafs / jon. 5 y n lustrial ar 8 e was ( ys months- received extended support IREB directors last week. tute of Steel Construction dis Jack C. Carr—2844 N. New oo . d products i from the Beta Beta chapter, : - B y at the top level, New crop de: Approved for act closed last week 48 | tive member- lod tpi—— DePauw University, and the | . . y Had committee conferee na-|Jersey St, 815 E. 48th St. 1128|); eries declined mre than 3 cents : . : \ | y i» Radyo lyzed the housing picture suf. W- 58th. St, 766 West Drive, ia bushel from ah ship pending successful realtor Fit Small. Space : 152d--person —to-— receive this The Institute estimated book. ciently? Had they ~ weighed Woodruff Place;--908 N--Oakland ~ March wheat sold up to $2.27 a examinations were Robert Ww. Convector-radiators are com-/ National loyalty and service ings in January, at 316.987 tons, sinewed construction which Ave: wi Berwick and 801 N. bushel, highest since trading In Bowser Jr. Dale V. Bremerman, Pact. They fit easily into the IWR. Region enon bi Devembes: in ping 1949, aklan ve. t the = : : , sonfine: made a e annu hy mage 1949 the hanner building Fay C. Cash—Lot 2 in Short the delivery began, and a Robert - E. Dillehay, Albert E. small confines of the bathroom

If they had, there would be no for extensive government planning for residential construction, builders contended. For of the bulk of houses

|erected nationally—and especial-! t locally—were for just - those cott. ‘groups which would

ly, “(allegedly | benefit from

builders insisted)

iproposed federal aid.

The 15th annual FHA report

{substantiated the builders con- I

tention,

In Marion County, records of government officials and statistics from home builders in- | _dicated in the past five years, more homes had been erected |

gory. Since 1045, - 18,149 ~ dwelling’ | units were started. Of this

amount, 2150 were strictly rental]

{units and 4960 held a $7500 (or!

less) price tag. 2

| Along Realty Row

'TIS RUMORED along Dela{ware St., IREB President Bruce [Savage may file in the Repub'lican primary race for 11th dis-| trict Congressman. But he won't be a victim of party splinters.

The realtor was. nipped four years} ago in a similar GOP bid. . . [CH Krabbenhoft is- politicking |for converts to his new organiza-| {tion, ‘the PTT. Poor ‘Tired Tax- - payer. 7

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to sell for less than $7500 than Bt any other construction cate- |

Rosslyn Aves, a lotat 47th St and Boulevard Place and a lot} at W. 75th St. and - Washington] Blvd. Fiebér & Reilly—454 N. Wal-

i Gerdenich Realty Co.—2509 W, ackson A. H: M. Graves, Inc.—Lot 120 in Sylvan Estates, 4465 N, Dela-|° ware St. 5824 Crittenden Ave. sot 121 in Sylvan Estates in a ‘cross-sale with W. L. Bridges &; Son and lot 49 in Sylvan Estates {in a cross-deal with Butterworth |& Teeters.

Tai: ‘Hottel Co.—142 E. 48th

John Max Realty Co.—2849- 51 N. ayers St. | . E. Peckham—5441 N. Penn-| sylvania St. and 1516 E. Market t.

Harry L. Robbins Realty Co. —Two lots at 73d St. and Ken-!| {wood Ave, i The Spann Co. Inc.—5837 | Broadway. F. C. Tucker Co.—4516 East. ridge Drive and 3210 Sharon | Ave. | Ford Woods & Co.—802 E. Minnesota St.

enn URN ACES — "CONVERSION BURNERS BLOWERS CLEANING AND REPAIRING’ FREE EST.HI. 7553 —l0B KANZE CO.

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close of the period was selling at Hills, a lot at Broad Ripple and 1$2.265%. The latter was just short Thompson Jr. and Marshall Haw-

peak and 4 cents higher thorne. Glenn L. O'Connor, Board member in 1936, was re- instated as an

[of the {than the previous week.

But prices for new crop conitracts were depressed by the prospect of favorable rains or snow active member, while Don T. Ingover the Southwest wheat belt. mire of the Ingmire Flooring Co: July closed at $1.95% compared wag with the seasonal high. Tuesday ;

of $1.99. May wheat topped -at

reach of that price.

Htaly and Portugal.

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$2.18% land continued to sell within easy Strength in {the nearby months reflected rather {heavy buying by exporters against export sales of wheat to England |

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