Indianapolis Times, Indianapolis, Marion County, 23 April 1950 — Page 49

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Real Estate

_ The Indianapolis Times

? Business ew ; Real Estate rans senea adsl

Exp

Spurt,

By HAROLD H. HARTLEY, Times Business Editor

HE business motor was .spring highway with some loafing. And the mechanics

Housing and automobiles were pounding ‘along at top speed. But apparel sales were still dragging. Retailing was reported off 15

in the Federal Reserve District. ; Food remained steady with

some stores still reported lossleading on such items as vegetable shortenings —and powered soap. Canned milk had joined “the list. Television demand was easing off. Retailers, however, were looking for an upswing as the microwave towers near completion, scheduled for October. In the stores garden tools, long weather-locked by the late spring —too much April snow—took a spurt, along with lawn furniture. The giveaways .in food . were flourishing. Manufacturers were doing it. In about a week a cake flour will appear with a colored plastic scoop attached. .

The Biggest Bite

he poured out-a sad; -sad-tale to Store Council,

He told them many things they knew, but which the customers

do not know and should. One of his most effective darts landed in the bullseye of: excise taxes. He said the people haven't

excise taxes because they are tacked onto prices away back on the production line. The average woman complains about taxes on furs, jewelry, a vanity case, a box of rouge, or cold cream. But that isn’t where

the big money is. Indeed, said Mr. Kaiser, only one-fifteenth of the excise tax

total ($7.5 billion) goes over the counters as customer taxes. The rest of it is put on at the factory and in the various stages of processing. : It is too bad that only the big executives know these stories. The person who needs to know

‘Third Man’ Strike

the Brotherhood of Locomotive date with a strike on that day.

As this is written, the strike is coming up on schedule. But

a strike of this nature is so large vention is "almost certain. The big roads serving Indianapolis which will be hurt are the New York Central and the Pennsylvania, That's enough to tie the town in knots within a week.

The B. & O. and the Illinois, ..Central,..I.am. told, will. be per-.

mitted to function, but old time raflroadmen say they cannot begin to do the job, feeding and serving the huge central Indiana population. Last week the Santa Fe had its traveling passenger agent, Curtis H. Huggins, touring the town, drumming up political pressure. He wanted the people to demand that their Congressmen and Senators crack the whip over the upcoming shutdown in the interest of publicshealth and safety. In a nutshell, this is the trouble. It came with the diesel lo-

Phones, Too?

More may go out tomorrow. Such a strike would not affect

the inside production. workers at the two Western Electric, plants here, the pilot plant in

Speedway and the new big plant on Shadeland Ave. The workers in these plants have a two-year contract and

International Brotherhood Electrical Workers.

Joe Beirne, president of the CWA-CIO, said recently in a speech in Minneapolis that no strike date has been set. This! has led telephone and allied companies to believe that there may not be a walkout 4f installers.

“and equipment men on that day.

This is probably what such a strike would mean -in Indiana, this and no more. Telephone servfice would continue to function. There might be pickets in front

Straws

Light Co. last week. IPL has sunk about $14 milli

at the White River layout, along with the 132,000-volt transmission line which will bring the power into town.

IPL also re-elected its board of directors .during the week and counted 12,700 stockholders on| its rolls. Biggest stockholder is Harvard University, holding about one and one-half per cent of the stock. Strangely,

Harry Pritchard,

"president, is a Yale man.

” = = THE INDIANA Restaurant Association had a two-day headhuddle in the Severin Hotel Restaurant business is off at least 6 per cent, some places more. Their aim is to get more people to eat out, train waitresses better, | Waitresses who know. their trade earn about $28 a week, plus

Hear HAROLD H. HARTLEY with “The Human Side of [the 4300 block Allisonville Rd.|W. 10th St. Business” over WISH at 3 p. m. today.

ect 12,00

The Week in Business—

Houses, Autos Lead Sales Push |

Food Steady, Garden Tools

.Knows..it...

The other strike which-has been expected this week. that of the Communication use the telephone will be topics rect federal subsidies tied wo the Workers of America-CIO, won't mean much in Indiana.

The expiration date of the presidential fact-finding truce comes tyres in the School Board's “front! up on Wednesday. But already a few Western Electric installers have been walking out over the state, principally in South Bend.

i strikes, {works against the company:

you would expect. The workers

The setond big steam generating unit began to purr

Giveaways Flourish

sweeping down the budding cylinders pulling hard, others were puzzled.

per cent from last year

Another gave away a glass cup'$ and saucer. A cube starch package had a kitchen towel attached. But the absolute latest, due here .soon, is one manufacturers should: have thought of long ago. With two packages of a breakfast cereal youngsters will get a 10 cent comic book free. | They've used everything to bait the young fry, from a cat's eye. ring (they glow in the dark), plas-| tic belts and “TV sets” with peep! holes and change of five pictures. One of the biggest pullers in the grocery trade this expected to be canned orangeade. ‘ It's not orange juice but it’s made of orange juice extract, complete with sugar, in 46 ounce cans. Sells at 29 cents, ready to drink.

When Arthur R. Kaiser, Sears, Roe- # " buck’s tax authority was here Friday, *

the-board-of the-Indiana Chain

is the householder, the wage: egrner. He's hoodwinked. He pays the biggest : bite, and seldom

Take your sack of groceries at the supermarket. In 1932 it included only 85 cents in hidden taxes per $100 in sales. Today, said * Mr. Kaiser, nearly $5 for every $100 in purchases goes into the tax till. & But it's never on your bill as

taxes. You charge it to “high prices.” Mr. Kaiser had the figures.

They were whoppers. Each family, he said, pays $790 in excise taxes a year, Surprised? 4 So it is a little more than the ° 20 per cent on cosmetics or baby oil, or--a fur neckpiece. What § most of us weep about is the mere # 62; per cent we know we pay.

On Wednesday the trains are due to stop. The reason is that Firemen and Enginemen have a #

and so serious that political inter- U-shaped for convenience .

tional motif of the house decor

comotives. The unions want three Rainier Furniture Co. Newest

men in the cabs, the railroads

"Television living" . . . everything in the living - summer is: room, from the avocado green swivel chairs to the ment. This is the focal point of the "Midwest House,

Tr aos = ress ———SUNDAY, APRIL 23, 1950

fireplace

. . the kitchen extends the funcated by Harry Lindstaedt of the feature: A combination picture-

want two. It went through the Window-screen controlled electrically.

NLRB and the railroads got the decision. But the unions said “What of it? No one can make us work. 86° We'll “strike anyway.” Of course the railroads bought those diesels, paid big money, so they could save money. And they don’t want to hire people they wey feel they don’t need. : There are several hundred passenger and freight trains running out of Indianapolis every day. And these would have to sit y

Phone Use, Home

atdbund cold and quiet until someone settles the “third man” dispute. % A ra¥road strike is downright dangerous-—Thg néed for fresh food, business’ and emergency family transportation gives it top billing in public attention.

Mr. Spencer Mr. VanBriggle

Planning the home and how to ‘in the second of six weekly lec-

porch” forum Tuesday. . More than 200 home owners of telephone buildings. That would will sit in on the talks about be the worst. makeup, and conversation courBut dial service in Indianapo- tesy in Stuart Hall, Technical lis and other automatic service High School. towns would click right along. They'll. hear Joseph Van BrigThe Governor's use of the com- gle .of the Home Service Departpulsory arbitration law takes ment of Railroadmen’s Federal most of the fear out of utility Savings & Loan Association and cpr ronnie T- Spencer of . the Indiana “He appoints a board, and the Bell Telephone Co. board settles the strike. If the The two-hour School for Home company doesn’t like it, there are Planners, sponsored by the Board always the courts. and 15 civic and allied building While the arbitration law works organizations, will be moderated well ‘for the public it usually by R. E. Emery. ‘ Sessions “begin at 7:45 p.m. and are open to the public.

Ed Martin Joins Gil Carter Co.

From the wiring and construc-

The arbiters seldom have the knowledge, training or patience to weigh all of the evidence submitted by skilled utility and union lawyers. So the outcome, is about what

get a small raise, enough to take the heat off the situation.

turned to -the selling half of real estate in Marion | County. . 53 : a mi———— in] MT MATIN tips. And that's a big “plus,” /joined the Gil § runs the weekly pay anywhere Carter Real Es- |

on in two turbo-generators down

Real Estate— py

rie er iNew. Government Program To Address IREB. Plans are Topics Pushes Co-Op Building ay ws | © FHA Wil! Insure Project Loans From 1 80 to 95 Per Cent Under Two Plans

By Times Rea Looking for a rental?

You may be able to build your own within the next few months.

And then buy it from yourself. It's the co-op angle.

This type housing project is coming straight down Washington Tucker-Jr., IREB St, right from the Eastern extremity.

A major section of the new housing bill passed by Congress provides for erection of this type construction, but there are no di-

plan.

The measure is designed to spur apartment and multiple rentu: ‘housing projects. Apartment construction bogged down Mar. 1. That's when the funeral was held for a federal war-time measure which granted extremely favorable (90 per cent maximum) mortgage insurance to apartment developers. The new program has its eyes on the middle-income group with

wrental:. = INONeN ys + HOW Pt rots ‘‘enough to put down for an in-

dividual home. HERE'S HOW it works: It continues to grant “less’ favorable (80 per cent maximum) mortgage insurance under a permanent. set up.” But the big |push is on co-ops. | FHA will award between 80 {and 95 per cent insurance on [two types of co-op construction.

Transactions

By North Side Realtors

sts, at the White River plant of the Indianapolis Power & tion end, Ed Martin last week = Sale of five lots were recorded/lots on 8. Oxford St. and 22d St, for Preliminary elimination tests

among 36 transactions reported by_ Associated North Side Realtors yesterday.

the week .ending Apr. 15, was

| submitted by Chairman Warren A {M. Atkinson and Secretary c.|

wall, is keyed to the video and radio arrange- the Silver Anniversa

Photos by John Spicklemire. Times Staff Photographer.

Tri-fold room . . . the den in the model house can also serv

guest bedroom. Here the brown theme, swirled throughout the dwelling, is perpetuated in the choc- | olate carpet and highlighted by tangerine and green draperies.

Chicago Realtor

{ - A Chicago realtor, president of (the Illinois Real Estate Association, will address the Indianapolis [Real Estate Board luncheonmeeting May 4. Fred Huebenthal, realty broker for 26 years in Chicago, will speak on “The Realtor in 1950” F. C.

1 Estate Editor

program chairTTT man, announced The insurance difference depends yesterday. on the ratio of GI tenants in Besides his asproposed projects. The more vet. Soclation with =o 00 00 erans, the more mortgage insur- the state organiance, zation, Mr. Huebenthal is director One co-op feature provides for and past president of the Chicago liberal insurance terms to mem- Real Estate Board and former bers of a nonprofit apartment chairman of the real estate exbuilding project. . |amining committee, Illinois DeThey would build and own the partment of Registration and building, amortizing the mortgage Education (1944 to 1948). as a co-operative venture. Each. He has been recording secreof the members of the co-op tary of the Sears, Roebuck & Co. would pay off carrying charges division of the YMCA for the and contribute to maintenance. last 28 years. Mr. Huebenthal is Besides a small original invest- associated with. Woelke & Huement, the tenants’ rents would be henthal on Chicago's West Side. considerably reduced under this ee type of construction. That's. what, proponents of the bill contend. (There's a project similar to this type co-op on the 46th St. near Marcy Village, the only one of its kind here. In Chicago, this [type of construction has existed] for more than 20 years, one build-| Ing representative here said yesterday.) The

Bricklayers Set For Contest Here

State locals of thé bricklayers union were stirring up contest extends mortar last week. They wiped trowels clean for elimination races to select the best apprentice to carry local colors in the third ‘annual brickmasons’ apprentice contest at the Indiana State Fair in September. Although no dates have been set

other . provision

(Continued on Page 50—Col. 8)

Reported

|F. Donald Jacks of Indianapolis

v ; [said that brick contractors and | GERDENICH REALTY €0. = allied contractors were mapping

{6987 Washington Blvd. plans for the contests. | FRED T. HILL—5211 Guilford ~ - : |Ave. and 5302 Woodside Ave. Heids Committee

KELLER REALTY CO.— 1017]

{and Talbot Ave.

swarms of home-curious will see it today.

Mr. Jacks, secretary of the In-|

J Big Exposition i Will Be Open From 11 a. m.

Show Will Continue

a —

Through Next Sunday

By LARRY STILLERMAN Times Real Estate Editor INDIANAPOLIS will. “occupy” the Midwest House today. It’s the city's Day at the Silver ‘Anniversary Home Show. And with a gleaming pat from the sun, more than 12,000 are expected to stream through the turnstiles before 10:30pm. Gates at the Manufacturers Building in the State Fairgrounds swing open at 11 a.m. today and dur...ifig the remain"ing week of In-§ diana’s biggest 3 shelter show of ry Home Show centerpiece and ha year. Hoosiers, urban and not-so-urban, will be out to see the sparkle in what is being trumpeted as the greatest residential construction year in city, state and national building history. ) The luster is all wrapped up in

| Day ‘and Evenings |

Mr. Stillerman

room dwelling, the Midwest House. . Style Pacesetter From the celling-high picture

man’s masterpiece, to the vege«

has been dubbed “pace-setter for future Hoosier and midwest residential styling.” It's as colorful as a spring bonnet, as pert as a Hoosier co-ed, as comfortable as cotton. The greens and yellows and lavenders of the mall and gardens {buffeting the house add to the interior decor. And around .the pit, Home Show go'ers will see and fondle the latest in home building and {home making equipment and de- | vices. . Already 15000 have swirled through the exposition in the opening two days. School Groups Altered Part of the attendance yesterday came from two high school {home planning classes escorted through the exhibition. Mrs, | Sherman Hall led her 15 pupils from Montpelier High School {from upstate Indiana through the e as an office, lounging room or Show. This class was followed by the | 20-pupil section from Kendallville ~——————— | High School. Helen Bardaman led

Bid s t0 B 2 T [her pupils through the Show. The DIOS 10 be IaKen

| groups were escorted by Mrs.

On Cleared Area

Redevelopment Plan Moves Ahead

West Side redevelopment took a step forward last week. tects wére Council guests. The first parcel of real estate, Tomorrow has been designated cleared by the Indianapolis Re- Construction League Day and development Commission will be eight home econemic demonstraoffered to the “highest and best tion and high school classes were bidder” at .a public meeting scheduled to amble through the May 186. Midwest House and around the Eighteen houses and a factory displays. building, termed unfit for habita- More Pupils Coming tion by health, building and re- J. Frank Cantwell, director of development commissioners, were the housing fair, said 340 in these torn down in clearing 35 lots. classes will mark the League The land, offered for develop- Day. ment “in the best interests of the] Classes attending include 70 in community,” is zoned for apart- the Home Demonstration Club ment and residential use. It is from Terre Haute. They will be located generally west of West led by Mildred Schloffer Marrs, St. and south of 14th St. From Union Township High Bids will be received on the School of Bargersville, seven purchase and proposed improve- pupils will be conducted by their ment of the sites up to 2 p. m. of instructor, Lillian. Hollanbeck. the meeting date, the Commis-. Others will be .49 from the sioners said. "Home Economic Club of Tipton, Besides high bids, the Commis- Jed by ‘Ruth Wimer; 36 from

ROBES. Also at yesterday's special Pro- | ducers Council observance, James | Follin, special assistant to the {administrator of the General | Service Administration (government buildings), addressed a {Council luncheon. The Indiana Soclety of Archi-

~ sioners will consider size and Trafalgar High School, Mrs. LilStewart; 25, Shelbyville High °

character of the improvements, Jie

plans and ability of the bidder to School, Lorena Williams: 22 New. prove the réal estate with ro. hay Yen School, sn 4 RJ sonable promptness and whether, Grigsby; 20, Colfax shool, Alta the land will be sold or rented I, Smith, and 20, Fairview school |when improved. of Falmouth, R. McDonald. Er Hoe nave er pd Alo tomrzow, th Indianapolis $ es n in- Real X , terest in purchasing the land. eal Estate Board will award

Theé Indianapolis” Public Housing| Authority has also inspected the terrain as possible housing sites, h but has made no definite commitment. IPHA is still mapping steps to use.federal funds earmarked for public housing here. The commission "currently is divisions: clearing = properties voluntarily" - vacated and unfit for habitation PUPILS: . First prize of $40, in areas immediately south and. 1nomas E. Furgeson, 315 8S. Laeast of the real estate being Cede St. Technical; $20, Willlam offered for sale. Lee Showers, 3506 E. Michigan | 8t., Technical; $10, Jack A. Boyd, PY '143 W. 40th St. Technical: $6, Speakers Listed David Peat, 1640 Talbot Ave. . | Shortridge; $4, E. James Mousley, By Appraisers [2921 N. Pennsylvania St., Techni-

Four Indiana University profes-. iy ny 33, Jack pracd. 3658 Ken-

and

model home contest. i” President Bruce Savage will and out blue ribbons and cash to the best in the little Home Show at the IREB booth at 8 p. m, “Little Home Show” blue ribbons went to the following in two

a snug, terrain-hugging two-bed- .

window; the eye of Hugh Bremer.

“table “garden “drapes, “the “housa"

from $50 to $75 a week, so tate Co. special- | restaurant men say.’ izing in North Like all other businesses, the Side properties. restaurant responds to promo- T he Hoosier tions, like Boxman’s Dutch apple native had been pie in Bloomington; or the “Lob- associated with

ster Festival” at Clark’s in South the engineering Bend. department * of

no the C. L. Smith IT WOULD BE a shame if the Electric Co. for

(Northview Ave. 449-51 W. 17th diana Brickmason Apprentice sors will discuss “What's Ahead

t : { - for Business” before the monthly o 453 : . |Competition Association, said fi : TION: David Ost St., 453-5 W. 17th:S8t,, and Sp17{Compet support for this year's meeting of the Society of Resi. heimer, Allen

i Rodebeck and Cecil statewide contest assures “a big- dential Appraisers tomorrow. w Thomas : The Society will mark its 15th arren Central; Bob Wirsching d better program.” Mr. ne Soclety ary its 15th , “go . : ger an anniversary with a dinner-meet- 57» Broad Ripple; Paul Windisch, Jacks also heads the finance com- bir . Washington; Michael. M ing at the Martinique Lounge, ’ Chae: axwell,

{Scott Padget. : The transactions included:: / AMERICAN ESTATES C0. —|N. Talbot Ave. ; [119-21 Jefferson Ave., 4144 Pénn-| R. E. PECKHAM — Lot in the sylvania St., 5160 Atherton Drive} 4600 block N. Meridian St. 4720 College Ave. 4266 Pennsyl-' BRUEE SAVAGE CO.—Lot-73 vania SE 5833 Indianola Ave. in Williams Creek, 2715 North- mittee for the competition. 946 N. Meridian St., at 6 p. m. Cathedral, and John Rhodes, Ben (with «Atkinson & Co.), 253 W. view Ave., 8250 College Ave. 5023 The Indianapolis contest is eX- “"gnoaying in a panel beforé the Davis. A Westfield Blvd. (with F. C. Tuck- N. Pennsylvania St. and 6215 Hav- peeted to be the largest of any In 4 ,.,0icers will be Robert 0, ADULTS: First prize of $40, erford Ave. the state; while over-all nuimbe? or Harvey and George F. Bloom of Riehl Pe, 2104 College : (with Bruce Savage Co), and THE SPANN CO. INC.—1713 entrants was forecast by’ MF. 1y;q rea) estate department in the Ave.; $20, George J. Berry, R. R. IE rmed-out lights in the a Toohnyea) Han hon, iad Guilford Ave. Rit Jack C./N. Talbot Ave., 142-4 W. 27th St.,'Jacks to snap record entry lists. g ps5) 6f Business: Arthur War- 4 310, Pete Maxwell, 4029 S, Counting “the empty sockets, houses here and recently oper- Carr Co.). 146-8 W. 27th St., 2632 N. Capitol] W. Irvin Poston of Attica, new- ner, acting director, Business Re- erid a Bld $6, William Fahrgives banqueteers something to ated as a real estate agent; buy-] BUTTERWORTH & TEETERS Ave, 2636 N. Capitol Ave., 2701 N.|ly elected president; E. V. Miller search Bureau, and Schuyler Ot- por, iy = pler Ave.; $4, Miss do during dull speeches. And ing and selling residential and —Lot 19 in Westfield Heights and Capitol-Ave., 2705 N. Capitol Ave. lof Terre Haute, vice president teson of the marketing depart- Marie . Michaels, 5829 Central there are plenty. business properties. [1750 W, 57th St. |2631-33 Graceland Ave. and 932 and a director, and Samuel Math- ment. : jAYes and $3, Carl Saunders, : The 39-year-old broker:lives inl ALFRED CAMPBELL — 3351 E. St. Clair St. ers of Lafayette, treasurer and Goehler Ohmart, chairman, and| A. R FORD V. WOODS—44 N, Flem- director, are “heading the, fund William Waltermire, vice chair- No. honorable mentions were DRISCOLL REALTY CO.~Two ing St. : raising activities ‘for = ntest. man, will preside at the meeps. given in the adult division.

% y . =

PUPILS HONORABLE MEN-

Mr. Martin Claypool ever got around to re< five years following graduation ef Co.), 5114 Washington Blvd.

with his wife yy son.

— a

0 At Home Show Today

[Robert W. Fackler, school tour :

prizes. to.winners. of its miniature