Indianapolis Times, Indianapolis, Marion County, 19 March 1950 — Page 47
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They were too busy for tears. ———
bonnet bars were blocking the aisles. Hundreds of women,
mirrors, tucked stray hairs fish charg-a-plates out of per-
230: Looks-Good.. {5 i ine fon
‘lieved we would get through the spoken man, put his philosophy | $08! miners are again on a five} Primrose Ave.
setting the apple cart. the language of a Louisville!
often gets a trip to the cleaners. women want their houses crisp trading. Finally this week investNot everybody buys new clothesiang clean for the first warm °'S became impatient and began
clothes-minded in the season Next best months are Septem- But overall there was nothing, “changes. But ‘when summer comes ber and October. November ‘is Sensational. A few stocks pro-
the picture. Most summer clothes People know clean’ clothes last Chemical, for example, ran up 20 ee caeirmpant ee mize. are washable. longer, and they cost good money, Points and then fell back half 29,165 OFF U. S. ROL WASHINGTON, Mar. 18 (UP)
from spring housecleaning. Rugs, pays off. Anyway, that's what the, I55ues- broke -wide -open-when di-{="The Civil Service ‘Commission
carpets, draperies, ‘chair covers, dry cleaner tells them. And he can rectors deferred the dividend on all get a trip to the cleaners. [show you he’s right. (the preferred. Wide gains came
edge of the office goes baking. It is uninhabitable.
ning in its home quarters. air changers.
_ A Greater Share . . . /
0 3 rr A ay - r
&
Section Four °
he Ind ==
: Real Estate .. ees . . 4547 ls
4
SUNDAY, MARCH 19, 1950
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Builders ....se00ssvsnc 47 Cla i 4
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: To Buy a Hat |
“And the Department Store Boys Are Jumping for Joy About It |
By HAROLD H. HARTLEY, Times Business Editor NO WET EYES showed up among department .store| s-last-week.— And the weeping wall was
on BUSINESS. WaS-on-the bunny-hop; Easter botimd: es There was brisk movement in hat department. And
stood before flattering, tinted 1nstead, well-manicured fingers
under. pert little straws in|fumed. bags, and the mall man
navy, vivid reds, popcorn yellow| OF 088 the bad news on the first
{of the month. and beige browns. : | Vulgar money seldom. changes How women hat buyers felt Was yand “in the subdued hush of written plainly on their faces, ip ee-figure quality. But, I am| 8 self-appreciative smiles playing|s hq there have been exceptions. at Incuth a aad {ies had} Store departments, however, at daisy-fresh look which onl¥| ere spotty. Sports lines were] : ; a new hat can produce. And the slow. It's the in-between season, lar to this one at 63 N. 8th St. ladies were carting them home,
ter play it once did.
too late for Florida, too early for, ? ] | HH jucking thers in closets for the summer, but just right for Ber- t er pr. parade. hich doesn’t get the EasBut buying: was not limited to lo oo Whic 8 | Sup
hats. Suits and gay, smartly cut Buying of spring wear got away - Jackets were moving from racklio a sluggish start. Store man-| to . alteration. And up in the agers wondered ‘what had hap-|ig® !
French salons, well-heeled girls pened. In the money-flooded above 40 were trying on, and years after the war, spring buying | ole buying, those exclusive numbers ook over in January. This year| 2 Billion Added to
they bring out from hiding, just'it waited. ‘Value of Issues
| for them. They've decided that with selec- | In these swank, .soft-toneditions the best they've ever been,! By ELMER C. WALZER rooms dresses were moving in the and prices still at the bottom of | United Press Financial Editor
$200 range, and upper bracket/last year's eight-month slide, the| Nov, Or hs Mar. 1i-—Solid insales were reported rolli t al Ivestinen’. Mying po Ng at a people waited, took their time, felt! arket to new highs for nearly pace they hadn't seen for months.|it would still be there when they! :
This 1s seo » cath. Pasaes. gor sendy so bay. i Sn te he
Coal ‘was rumbling down household chutes|out benefit of speculative demand, Out of Bed
again and big industrial users, the utilities'added nearly $2 billion to the ghass
and the railroads, were rebuilding their supply mountains. value of all listed stocks. But the coal men already were beginning to see trouble down, The overall value of the busithe road. It looked as if they'd have to absorb the increases ness done was estimated at $340 they gave John L. Lewis million and the gains on stocks They could see the day when, RR |traded at $17 million. coal no longer would be easy to/except Chrysler, and was begin-| Traders took some o#. these
sell. Over the nation they were ning to move around like its old profits on Friday and their selltalking about a -500 million-ton Vigorous self, ing brought a. slight reaction Ml ors epo . __year, but someone would have to| ~ T. A. Corcoran, national presi- which Wall Street experts sald _____ __ . ¥
suffer. Coal consumption has dent ofthe purchasing agents, had been expected and was
Aa. : - been dropping steadily, “off 80 came to town to talk to the local healthy for the market. North Side Sales million tons last year.. chapter. And he'd been a round,’ The market has only a few
So there'll be a fight on among|asking questions. more points to go in the indusproducers . and dealers for -the The purchasing agents who earn trial average before negotiating
_business, a grim price fight which a living by" guessing right about the 1946 high-—provided the rise]
will probably: wipe out from 75/the business curve were holding continues. That 1946 high is the, cents to $1 a ton between now|inventories to 90 days, some 60. only barrier between current!
and deep summer: This meant that they felt they prices and those of 1930. | Business was out of bed, tem- could buy that far ahead without Utility Group Sags ‘last week reported 21 home and! porarily cured of the strike rash, serious price upsets. . ‘Utility stocks -hurdled their Investment property sales.
barrier._and were back. to 1931 eM eves tor a bret “peviod Fday,|
.
for making gas when coal is short. The utility will rur. this lake Ihe advance came from with-| ending Mar. 12. The sales included:
he Willis Adams— Lots at 75th and huddle in Room 618 in the Ath-|And that's got to wash out.” Look!the news. | Meridian Sts. and in Rock
i ple: : Butterworth & Teeters — 6102) : {worth and Teeters last week, the Alfred ‘Campbell—5133 ‘Kings- firm announced yesterday. ley and 404 Ruskin Place. { Driscoll | Realty Co.—3821 N
1 : 1 {dividends by companies report-| - of the inflation ballon, | shows _spicit_and is. runsing |ing “sharp rains mo. Pols for e cisey St. ina ecross-sale
Fieber & Reilly —753
of oil down to a third its size, a half million barrels. in the market itself and without, But generally, in a confidential, —- = ermine | benefit of new developments in|
letie’ Club, the inside group of the out when the dam lets go. | Business news included sharp purchasing agents said they be-; Mr. Corcoran, a carefully "écoveries all around now that
5 day week in their pits, but all this 1950 business year without up-/in these words which he said were | been anticipated and dis-
counted By the market.
But how long will it last? They banker: There were hopes for higher|
said “it” has to come, the bang “So long as the business horse Said one, “There's too much well, give it its head, but hold
artificial in the business picture.| onto the reins.” 11949 and some anticipation of a
} lift for the market if a b''I passes The dry cleaners are getting into|the New York legislature permitClean and Press
their heavy-money season. This is ting limited trust fund investment 27
Then last year’s spring wear winter's soot is about over, ana Dad been on dead center in dull}
{ |
under.” Then when hat July hits, up has started, and from now on LnVestment trusts were said to!
What happens is that people get speed. institutional buying was reported. |
along, the dry cleaner is out of “fair.” . vided sideline fireworks. ‘Allied
A big chunk of the trade comes too. So they clean them-often. It WaY- American Car & Foundry
|into such issues as National Steel,
Eastern Pipe Line. ; Oils confounded the experts by| sing when most of them had! {predicted a decline. American | , ] es, | Telephone was more active than! That's one of the things A. G.|{, oc That's for winter. ~.|usual and it hetted a moderate] Allen and Co., 208 W."Maryland| por summer the Allen Co. is|gain on the week. Motors were. 8t., has in mind in its heating and showing whisper - quiet cooling|given a whirl and held part of! air conditioning show now run-{towers and spray nozzles, and big| their gains. Liquors improved
from the walls runs into millions. f When the steam comes on, employees move their desks away | py from the heat. Either that or they bake. So the space around the!
The “company is ~showing “all Keéping workers “ comfortable] registered small gains. -
kinds of heat in operation, fromni is important. It shows up in pr -| Automobile . production jumped | : packaged radiant warmth, ‘toduction, and dollars which >ughtito 134,555 cars and trucks, against|
panel, ¢eiling and wall convec- to be in the ‘bank. {124,563 in the previous week and
; {120,741 a .year ago. Steel produc-| , House organ editors will have a round-up at Butler , { Straws University next Friday. They'll hear, among others, 0D rose to 89.8 per cent of ca-
“Bernard Kilgore; president and publisher of the Wall Street Journal. Pacity ffom 73.5 per cent a week
ago. - Two of the best house organs of recent months were the P. R. Mallory Red Cross issue with hands extending coins to the cross, oar loadings Ehot up. Bundine! A issue i a lici Ale Imerngtional Harvester's January issue layi ng company policies over a year ago. Electricity pro-|
JACKSON D. BREAKS, Craw-| lle ‘boy. |stepped up production.
fordsville native, has been named YIU J the Farm Bureau Co-op Consumers loosened their pock-|
a second vice president of the pas a reéSearcher named Dick ©thooks and retail sales improved. !
- ‘per cent under a year ago, and Hear HAROLD H. HARTLEY on “The Human Side of Busi- (was higher than in the previous
i
ness” over WISH at 3 p. m. today. is iweek, 7
Today in Business— =r This Type Home in South Side
The two-bedroom home . . . Beech Grove's biggest devel
The three-bedroom home. son development will be of desi
21 Home, Property Transactions Listed | Associated North Side Realtors
Fhe: transactions: submited bys { : |ANSR officers fc ‘kilter liquidations, such as the Citizens Gas & Coke Utility which Put they sagged slightly fromithe Indianapolis is ‘using up its million-and-a-half-barrel backlog of oil used| their high on realizing. {Board offices, were for the w
Gerdenich Realty Co.—1334 W.
transaction with Fieber & Reilly. F. M. Knight Realty Co.—1566 iN. Dexter, 5350 Rockville Rd.
. ) | government payroll durin Hot Radiators amount he Rook Space Wesied bY| American Can, and Panhandle uary, bringing total fede sizzling radiators driving workers away ployment to 1,950,365.
with several at new highs. Steels.
Project
HN
. + « Half of the Underwood-Simp- | gns like this house at 1802 E.
[E. W. Eaton Joins B. &T. Realty Fir
Realty “firms here
Mr. Eaton was graduated from
the Amos Tuck School of Busi- Hamilton to Charles H.
Administration Dart- dred Crosby.
their upswing month. And they'll get four of them in a row. lin common stocks. CT Hall-Hottel Co-.5517 Indianola.Mouth in 1937 ‘He has been as: Other Transactions wormree dle ADO SPEING, - Winter garments; frowsy;-spilied-on;-and-out of On Dead Center Er TAvE dnd 909 E. 38th St. The jat- Sociated with Stewart-Warner in shape, are brought in to be cleaned for summer storage. ' . For a long time, the market,
The former AF major i Ronen a Pennsylvania St. 3908 N. Dela. member of the 9591st Voluntary: chaefer to Ru . Cravens; It's all over for the¢two dullest until school is out and vacations *¢ €OMIng back after a brief ab-|y.., Bt 5311 Broadway, 6270 Alr Reserve Training Unit and|Burgess, Bloomfield H. Moore to months of the year.” start. they'll be running at top Sénce from the market. Some pai Ave with the F. C. Tus=er attends Co., and 5255 Woodside Dr. with CPourch. Gregory & Appel. Ford Woods & Co.—5112 N. | Pennsylvania St.
Apartment Owners To Hear Police Official
[ing superyisor, will "address ‘the reported today that 29, 165 per- Apartment - Owners Association the Wednesday. - g Jan-|dent Paul Coen will preside at Bush, ral em- the meeting in the Washington Henry and Hazel Skaggs to Silas! » ‘and Vernice Lopossa,
Beech Gro
rT
sidential boundari
This is where Beech G
‘Studebaker Realty Report 17 February Transactions
Sales Include 59 Acres of Hoosier
Farmland, 14 Marion County Homes
A South Side realtor who keeps a sharp weather-eye on business {tides last week reported 17 completed transactions in February. George 8S. Studebaker, one of the. oldest est {attributed his top sales report to the general upswing of business {in Indianapolis since the new half-century jumped into the calendar. Transactions completed by his EPR : oe six-man sales staff reflected that ‘business is “good all over,” hel The February report included last week {anster of 59 acres of Hoosier [sniffed the lettuce crispness -of .farmland in three deals in addi- | their sales reports and rolled/tion to sale of 14 homes here and
[up sleeves for greater transactio
Darlington Lists alty Sales
Darlington Realty reported yes- south of the suburb’s main busi terday sale of seven homes in the last two weeks, marking the The suburban home sold at 318'continued upward swing in real Sales staffs/N. 18th St. in Beech Grove went!estate transactions for the firm.| 5.4 by early: summer. ‘owners were primed for to James F. and Ethel Krick Jr.| ted | Mr. and Mrs: Charles Pouch sold handled by W. W. Nunrially andiyomes... ofeach BY Him RISK Clarence —ywarrey Stewart and John A. Darlington, Sale of farmland included four President of the EE eth ded {2218 Whalen, sold to Francis and|
__{all_on the economy side.
, in Beech Grove. Suburban Home Sold
Four of the transactions were|.in ctart han
? BERT GT TTA EINE THIGH The “Stade; Among recent baker agency. additions to} realty : organiza- acres at .Stop 8 Road to Ralph tions, Edward W. and Pauletta McGovern from for- Leo and Anna merly with Stew- acres at Stop 12 Road to Charles art - Warner/and Mabel Challie from Donald | Corp. here ,jand William Boyd, and 52 acres| joined Butter- on S. Meridian St. to George Ka-/| {petsky from Marquis Heiny. -'
Norma Hiday; 826 8S. Reisner St.,| Leo and Katherine Guseking: 810 Milvin Smotherman, and 1017 8. Warman Ave. Douglas H. Hartow. : | Mr. Fisk sold a home at 3814 |[E. 14th St. to Herbert and Ethel transactions cook, while Mr. pleted the sale of 2053 Boulevard Pl. to Peter Banridge on Friday. Mr. Darlington handied the sale
Stewart com-| its included a home ‘at 230 Bake{staff with a salesman whose ex- meyer sold for Donald and Lula perience began with the Black Jewel to Ernest and Myrtle Bar-| & Eaton Mortgage Co. eof Chi-{low; 1201 Pleasant St. Lum and/or 2001, N. Allison Ave. to Wilcago during his high school days. Allie Shaw to Robert Lohman:ijjam Moore. - 4555 Bluff Road, A. H, and Jennie
company. reinforced
and Mil- Morris Associa ‘Plan-Meeting—
The sixth annual spring meeting ©0 9th Ave. will be sold to other of the Ohio Valley Chapter, Rob- | ert Morris Associates, will be held Friday in the Lincoln Hotel. Harv Indiana National | Bank, and Eugene M. Howard, | Fletcher Trust Co., will be co- | chairmen of the conference. The association is composed of} | the leading banks in Indianapolis, Richmond, Ind.;
Others ‘included 1153 Villa St., Illinois and here except for twd Alfred and Bertha Mitchell syears he served with the Eighth Sandford D. and Wilma HollingsAir Force in England. Mr. Eaton, ‘who is 35 lives and Carmella Breeding to Max C.| for Easter. months. | buying. Their demand in the ab-i 1850-52 N. Dexter, 816 Audubon with his wife and three children Griffith; 2106 Webb, Albert BurzFor four months, as one dry So the dry cleaners are spinning 21H on selling lifted prices and Rd. and property on Fisher Rd. at, 7968 Evanston Rd. cleaner put it, “We'll be snowed at capacity. The pre-Easter pile-| 2tiracted additional buyers.
1025 Spruce St.,
laff to William and Ina L. Bruhn; is a'2121 Webb, Eugene and Mary
Episcopal ‘Paul E. and Helen R. Fleenor.
Also 1906 8. Meridian St., Rob-| Cincinnati, Columbus, and Day- velopers said. . {ert P. ‘Burke to Irwin and Anneiton, 0. and Louisville, and Lex-| The developers will split 50-30 Drucker; 1512 Finley. Ave., -Fran- ington, Ky. cis E, and Oneda Livers to Ed-|
| Evansville, and
1
{and sold by the bullding-realty
| George 8S. Olive & Co.
WFBM Ready to Start Work on Brand New Home
This is the new home Station WFBM will {That's big stuff for a Crawfords- duction rose as more companies) Meridian St. this year. ; Ground will be broken within a few weeks on the site of the old Danner home, and a building as complete and modern as’ Chase National Bank, New York. Smoker—who doesn’t. The total was unchanged to four felevision itself will house the station's full activities, Harry Bit2 ner Jr., president and owner, said yesterday. The building, to be faced with Indiana limestone, will con-
Of Home Security . .
" Mr.-and M
{ from Mr. and ‘Mrs. Noble the transaction.
tain 20,000 square feet of floor space, and will include two major
build at 1330 N. : studios, one two-stories high to accomodate the backdrops and
-
. hs” POR » ? ; B .
$1.2 Million Development Mapped Out
“Community Plans To Begin Work Sometime This Week By LARRY STILLERMAN
i Times Real Estate Editor || BEECH GROVE WILL put — |its best civic foot forward this
\week and take a long step into
— ithe county's residential con- § struction picture.
| The South Side community
.-|will begin a $1.2 million develop=
{ment, its biggest in 25 years. { Within the next few days, con {struction crews will transform the blueprint of Underwood-Simpson, Inc., Indianapolis realty firm, and {Victory Housing, Inc., of South-
ablished brokers. [POTt: Into cement, brick” and
{| They'll begin leveling 34 acres (between 4th and 9th Aves. south {of Churchman Ave. for 150 two: |and three-bedroom frame houses,
- Utility Outlets | Utility .outlets- will be tapped.
“ifirst for the Underwood-Simpson.
{Park Crest Addition three blocks jness section. Cement curbs, sides walks and bituminous-topped streets will be started next.
ging drapes in the
Simpson won't forget. the civie {angle in their project either. For Mayor Dick Byland, Plan Com- | missioner Bob Fletcher and the {City Council were behind the move {to stretch Beech Grove’s residen- | tial limits further south. Proposed Streets Two proposed streets in the development will be dedicated to the | administration's co-operation, Mr, Simpson said. ? Splitting the 164-lot develop« ment, one curved thoroughfare {vill be called Byland Drive. A | second east-west artery rimming |the southern half of the project | will be tagged Fletcher Lane. | Houses on all but 14 of the lots:
| will average $8000. The restricted
rotsTjatting into Churchman Ave.
“contractors for higher - priced brick and stone front houses. This retains the predominant architece ture along Churchman Ave. Squatter’s Rights Home ‘seekers can pick up | squatter’s rights for $900 to $1250 down.. FHA financing will be available to smooth’ over pays. ments on the dwellings, the de-
{on construction of the different
Speakers at the conference will] sized homes. i and Anna C. Devine; Include R. J. Kryter, Esterline-| Half of the development will be . train- 1247 Shelby St., Andy C. and Lil-| An Co;, Inc. Indianapolis; twe - bedroom dwell _erecte Lt. Kenneth. Luke, police train Jian--H..-Gideumb to -Emma Hol Wim: P. "Flynn. Indiana Na- | jugs 4 [John J. and Clifton Underhill; tional Bank, Indianapolis; James team. Victory Housing will build {1462-4 Blaine, Martha J. Blanken-/L. Rose, Ernst & Ernst Co: the other 75, the “three-bedroom Association Presi- ship to Warren K. and Nevada R. Earl Peters, state director of | houses. Their product will be sold Farnsworth, the Federal Housing Administra- “
{PY the realtors. : Big Bait | . All ‘homes in the development
| will cast out big bait for tha
homemaker—ample closef space,
double’- braced hardwood floors and copper plumbing. tig The. three-bedroom home = will be basementless, but automatio
{ofl “heating units and laund:v | facilities will nestle .in a utility
room off ‘thé kitchen. Knotty-pine walls will bé an added feature of the living rooms in the three-bedroom house.
wt. The-—-heating unit —in-the twos
bedroom house will be installed in a full basement. Flush panel doors and five closets. will en hance livability in this house. Kitchens will be custom-built by Miller Cabinet Co.; Mr. Simpson said.
scenery for local television shows. The building, exclusive of equipment, will cost about $300,000. It will be sound-proofed and air-conditioned throughout. WFBM has been in its present quarters on the fourth floor at 48 Monument Circle since’ Mr. Bitner bought it from the Indianapolis Power & Light Co, in 1939:
Was Purchased eer
RY ” ; " rs. Walton W. Wyre, Westport, this smooth, spacious ranch-type dwelling at 8649 C B. Wood. The Bruce Savage
"American Estates Co. sold this house at Mr. and Mrs. Corydon W. laws’ ™ Hobed | Puches
Select Color Schemes He also disclosed purchasers
{can select interior wall color |schemes and kitchen linoleum {while their house is under cone ' struction. pa
“With These Properties
ORWOl ad TR
airy bedrooms, picture windows, *