Indianapolis Times, Indianapolis, Marion County, 30 April 1950 — Page 47

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, {are expected to swirl through the the sixth annual | board (then came the tip) so | In advertising lingo, the genj 217. Hall as > er That's what the five judges of}, sino fair, the 1946 Show rec- School for Home But the real rub comes on that Delivery on all metal items is close to Shortridge High [tence was reworded to put the IREB’s model contest had to sa¥|,.q of 105,000 will not be eclipsed. Planners : 4 per cent GI note. Most lenders Slow. Distributors point to the School.” Von lin 19 cities. when Tom picked up $40 and a Mr. Maillard steel strike again chool. emphasis on “You” which had He is past president of they ib his. oF I fat: That was the conservative fore Marshall are reluctant to accept this low- In. th . ad ! Jt was signed by Cathey Mc-ito fall at the end of the line. | Bloomington, Ill, Real Estate lue ribbon for-his. original fMat-| 4 "iesy0q this morning by J. Abrams, managing director of the interest loan. It's too hard to sell 1a. e.plumbing and hedting . Nary, 16, 1263 W. 35th St. who The signs being repainted, and po. 4 and Rock shail RIwanist ed entry. - Frank Cantwell, managing direc- Construction League will open-the on a discount market. — oa sgory. cast-iron and enamelcalls herself a “stale Junior” (sec-| peace will come again to offended cy + “Pe FORE holding mem The forecast was strongest from, oc 4} the shows. two-hour session with a discourse The government killed the com- [wake | Alu are up 5 per cent ond semester) at Shortridge. She grammarians at Shortridge just| Richard P. King. the draftsman "yo." ome within three to on “Building Contractors.” bination with the help of rising and the outlook for steel pipe in-

«them-costs-money:-But-the-waxed level: “It's off “8 per cent.“

this way as the great A. T. & ana, is looking forward to open-|

hone Co. and others. tion policies. 6200 W. 10th St. : ; : = B 3939 E. 56th St. oy Loe (Fidelity Trust Co.; wil. speak F The ladies are to have a hat| So the report is that if the Farm, pa co . : “Conditional Sales Co ats ots 4 show with their Thursday break-| Bureau's for it, the Greensburg, Home-buying surged East a two-bedroom residence in the Kinder is associated with the man of the Wait Veon Realty Hugh E. Wood, associated with {Lease with Ont Surch: - fast, just about the right time for! tillers are. against it, and vice and West here last Week. Mt. Auburn addition, 6200 W. Houghton Lumber Co., Inc. Co., the deal being closed Apr. Huber, Hunt & Nichols, Inc. Two n E this spring's eye openers. |versa. It's a grudge fight. | Among two of the many sales 10th St. while Mr. Bennett was listed as 17. ; _ (contractors). \ cu ries . : | : reported by Mationg County The East Side house was a. retired businessman. The West Side two-bedroom Bale of the house was han- |is being ed’ , C Hear Harold H. Hartley on “The Human Side of Business” | realtors were a thr purchased by Marion Kinder ~The Kinder-Bennett transac- home was sold by Fugene W. died by William E. Howard of [Chairmen Hugh rs and over WISH at § p.m. today. : : dwelling at 339 E. 56th St. and from William Bennett. Mr. tion was handled by Jerry Pit- Daacke;, a milk routeman, to the A. C. Moldthan Realty Earl emey > = Ya ¥ aot : \ ik ¥ : : NT ¥ 3 Yeti : \ Lo : ry { ; karan, £3 RL i >» As = : : I 3X z 3 5, : torr 2 5 $ 5 =e 2 7 4 ed at a Ried M a # +

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Real Estate Section Four

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SUNDAY, APRIL 30, 1050 — Automobiles . .vv...0...80

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Home Building Costs To Creep Higher Wook in Bune Lumber's Up Two Ways . . . Electrical Goods, Too Trade in Full | a EEE LL Bloom of Health

90-Day OK Given to Trend And Perhaps Into 1951

By HAROLD H. HARTLEY, Times Business Editor BUSINESS HAS JUST had its annual spring checkup. It found itself in the full bloom of health, couldn’t understand why, and slammed the door on the doctor's nose. Five years after a war should have left the country with a sinking spell. But not this one. Nearly everyone is| _ holding tight to keep his feathers from being blown off by the inflation jet. Ton Si Sle naan n : _jand retail buyers can afford to : Even conservative purchas /buy what they need and want. | Ing agents, cagey fellows who, But even with strong employ-| hold their jobs by being able to ment, factories and stores are smell a price change two or three not shanghaiing help off the months away, gave good business Streets. And high school and cola 90-day okay. lege graduates may use more That takes us up to August, the Shoe leather this year in “making vacation and dog days of pro- & connection,” or just plain getduction and retailing. And if we ting a job. get over that hump and hit Sep-| The outdoor season, garden tember with sails still full, it| tools, seeds, landscaping, paint, Tooks good right through to a'and yard furniture, bordering on| § new calendar. x (the luxury lines, are moving fair-| One good sign is that inven- ly strong. And those big umbrella; tories are lean. It won't take chairs with a table for mint! much of a production pull to start ginleps will decorate many a back,

a Materials and Labor mm Prices Edging Upward; Gl Financing Tighter

Less Construction for Veterans Seen; 2 Per Cent Hike in Bills Forecast by July

By LARRY STILLERMAN, Times Real Estate Editor

Home building for vet-, Home building prices will erans in Marion County and creep up here by mid-year. ithroughout the nation willl They'll crawl up about 2 simmer down this July. |per cent in July, right in the The Veterans Administra- midst of the big construction tion, under provisions of the boom. new housing act, put the brakes] And new home costs will pull {on the construction express last along prices of existing properweek. ties. One naturally follows the VA announced Friday it will other. start trimming GI-FHA loans for; That was the warning issued veterans’ homes after July 20. here last week as builders looked F Three months later the combi- over their material and labor nation mortgage guarantee will be bills. in the wastebasket. | These costs have been edging % = These loans were designed to up because: {spur home buying with little or] ONE: Coal and steel strikes no down payment. However, lend-. have reduced inventories of elecers here always insisted on atitric equipment and hardware least 5 per cent down on any manufacturers. 5 3 purchase. A little equity, they rea-| TWO: Timberland blizzards and soned, goes a long way in makingithe open winter in the rest of

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jo » i orders rolling. yard come the hot and" sultry Bose a Rome: : the gountsy have depleted umber Employment is moving up days of summer. Two-Way Guarantee = |” THREE: Skilled carpenters and Steadily and payrolls are back up The big three of buying are, GOING . . . Joe Tucek at Wright-Bachman (lumber outlet) UP... Hillard Hoback of Stillerman Electric Supply tells why The sombination permitiod the) asons are in big demand, little to last September's level. Prices still homes, autos and television. lifts a load of 2 by 4's, Prices are dofhg the same metallic cable prices have climbed. Clarence Calloway listens. Veteran lo Obtain a. Federa J around Indianapolis. show no signs of weakening, And there's not enough of any yh 9 : prs : y [Housing Administration guaran- :

{ Buy: t P which means that both factories one of them to satisfy the public. tee on the major portion of his, Builders us ay dicing

I om IB...) &.3_ ; > : Ei. 5 | 'R ’ . 1 Torrid TV 45 swing wo posiction tor tall i tele Appr aisers Plan [feel Estote— " Dollar Saving are of the dittcence, ‘°° there added construction expenses vision, : { = i y . ir along. Under the new act, the veteran| The RCA plant here is running 10 assembly lines two shifts Little Home Show Draws

will be able to use one mortgage But they're coming to that turn

a day. By autumn it will step up producti | | : in the building road where the employment from 6500 to Sh. Pp production 30 per cent and shoot ° {guarantee or the other. Never purchaser must take on part of Th : a a é ues rom eXIiCco both on the same deal. ithe. tnoreased COAL again, woltion ore ugh 3 be Plemy of jobs, especially for nimble-fingered : The result will be a larger down| But this slight increase wob't now on to m—— is: te ————— . . . | . a . i . 8 s ai autumn. Food's good out there, same with the government-con- Will Hear Illinois | Display Would Make Interesting Copy, | Third Building Forum Payment. $108 at potentiat] DOCK Juiding plans Bere thi too, I'm told. But they like work- trolled airways. Don’t look for| i : ’ year. 1t's slight to a ers to stay on the job, take home color until the peace pipe is passed | Realty Expert London Special Corr espondent Says To Be Tuesday home owners, builders here sald|” yo,jware distributors here re-

the biggest pay checks. laround among the big fellows,| Realty graphs and charts will By Times Real Estate Editor iy Solera RL a et ported that while manufacturers The public is television hungry,/and if the slow-playing record 2PPear again in Indianapolis May Home Show in one silver-tied word package: iol vacant Necause of he larg 128 catching up after the slowstill buying. But it is unnecessar- fight is any indication, that won't 23 : The Real Estate Board's miniature model home contest and er down payment necessary, they down strikes, brass locks and ily jumpy over the talk of color, be soon. This time, the city’s chapter of exhibit swept south of the border and then across the Atlantic added. Current projects are | Steel-bladed parts are up 2 to 5 change in Size of screens and Television screens are going tothe Society of Residential Ap- 54 week. : lot bra Toar per cent, prices. get bigger, but not much bigger Praisers will sponsor the lowdown Verity Press of London wants a special article about the “lit- It works this way: lo will be no shortage as

onreal estate

trends. But their head- From San Angel, Mexico, came

» » ~ : a note from Emil Zubryn seeking ive a ren background data and photos of Home Show Takes tions on a hust- Prize winning entries in IREB'S {Home Show display. i i gage guarantee.) Metal Parts Up throughout the} MI-Zubryn, special.correspond-, Mr. Abrams : Mr. Myers On a $10,000 home, if FHA| On the electrical equipment west, southwest ®t for the London enterprise,| avi backs up an $8000 mortgage at|j,e main fuse boxes have ' . |explained he covers “outstanding The “who” and “what” in home y

and far north-| i 4% per cent, it will cost the g.,m neared up the wholesale price west regions. {American trade developments of Hoosiers Will tie. up the 25th building will take shape Tuesday home buyer $2000 down. Too | ampere ID That's 3 er t y interest via long range.” | . p , at the third “front porch” forum in the $10 h bracket.) 20 cents. per cen He's Harry H.| : anniversary Home Show in a, Technical much in the $10,000 home above their cost six months ago.

Here's the truth as it stands/than the big ones you see on the! today about all three. Color is top-priced sets today. The 10-inch! here but the split between big screens should creep up to 12-inch RCA and Columbia is still short and 16-inch sizes. of compromise. As for prices, they are going! And while these two big makers down, but it won’t be a crash it| can fight it out with two speeds will be a slippage, may take sevof slow records, they can’t do the eral years. p :

» ng as th iner: eel tle Home Show. -| Under the separation, FHA wii S08 as a a: ana see

(grant up to 80 per cent of its .,.p

{appraisal, usually lower than the | Nails are plentiful, but there

{asking price. (In some cases FHA ma t shortages throughwill grant up to 95 per cent mort- | RY DT ag ug

. * Paul Kuhn of North Side and East Billboard English Side Chevrolet received a note last Friday. It contained a lesson on billboard English.

-i The miniature home competi- the builders said. The note, quite solemnly, told its own story: Hall. internation-| bright silver package today. High School. | Non-metallic cable for electri“I regret to call to your attention that on your company’s bill- | Mr. Hall 3 president ofition would make fine copy, he jpg all.Indiana Day at the g construction On the GI loan, the VA willisa) circuits in the house have board at 38th and Meridian Sts. is a badly split infinitive. | the Society, _ |sald. | sparkling exposition, the final (mein) and an jnow guarantee up to 60 per cent dipped about 4 per cent, but me-

“You say ‘Expanding to Bet- | Mr. Hall, Rock Island, Ill. ap- Agreed. {showing of the ‘Midwest House”

iis} ; {of a Joan not to-exceed $7500. |tallic gable for the same purpose ter Serve You; a fine sentiment, You may have suspected, major- Praiser, will speak at a special More than 90,000 who milled nq noysehold exhibits.

architect will

i i | ive the dollar- Interest Rate Low is up about 10 per cent. but that should read ‘Expand- ing in English, [in "E In the Anthenasuil Gog abost the display dodded Likewise, Doors to the “miracle of 38th ng housing | On that $10,000 house it means This adds to the builders’ bill ing to Serve You Better.’ | Mr. Kuhn chuckled when he waltermire, president wp College Kitty {St., will open at 11 a. m. today, hints to more {the GI can receive government and will show in sales prices “I admit that worse things got the. letter. That meant some-| ry an [fast time, and close at 10:30 p.m., than 250 home Ibacking of $6000 of the mortgage. |this summer.

constantly happen to our lan- one had read his sign and hyd(frceident of the local chapter, are~ToM FURGESON, 18-year-old the regular exposition hours.

tive { mapping final plans for the fete. Technical High School duate,! owners, ac age but I do think that one taken the trouble to re 1 app | Technica g chool graduate, t guage port gimp Boam ug boii] juggle the| A national appraising authority, has a fine “architectural future.” | And although more than 10,000 and planning, a

[The remainder will not be in-| Wall sockets, switch boxes and |sured. That increases lenders’|lighting fixtures are about the Irisks. same in price.

B bership cards in the Rock Island|from Lennox & Matthews & As- |creases is very definite. has real-life brown hair ‘and is, as four blocks down the street. Real Estate Board, National As- sociates. Mr. RIE eed top| four thousand of the record, but He will be followed with a construction costs, Washington]

it doesn’t look like we'll beat the “grass roots” talk on “Construc- said. The new housing act makes| Auto makers are well into sec-

ili sociation of Home Builders and pri th It secti f the!, " ond quarter orde Porch Milk aunine ust or Gsiution. "*'* ** "ihe “Mortgage Bankers’ Associa: foment. + "4 mark he cbserved. "fin nd Material” by, Clarence 1 fo the combination end by oul Heri” anders and this may The dairy nets from one-fourth to one-third of a cent per quart, tion of America. Said the draftsman: “Tom’s OW has been seen T, Myers, local architect. sing | list.

{by more school and home eco- the first mortgage deals. This forum will be moderated But the real result will be less; There has been no substantial

[increase in brick or concrete block prices, one local manu-

on your porch. But it costs them from 21; to 3 cents to get it there. |model shows excellent perspective, |, "0 "var ever. D i . ; ’ : |good lines. And his original low-| ! n r. During py Albert L. Maillard, president to Be ee a inde retrigeration for mol LEAGUE $ Choice slung model shows good taste, the 10-day fair, 107 special of the Indianapolis Electric building because of less buy'ng y BVeN Under Te Niseration Or more | classes—tomorrow’s home own- L © because of more down payment. | J than two or three days at the | Look at the glass and sweeping rt 1th : eague. That's: what builders bere. sald: acturer disclosed. most. labor, and breakage is not only {lines Tops.” S-—toured the exposition. Open to the public, it begins at

But lumber is the big story. I am told there is no real rea-| expensive but: dangerous. Tom, who's jockeying gas pumps More than 90,000 have milled 7.45 pm in Stuart Hall. The yestenlay. | Production has been reduced son why good milk, especially Much of the carton trade is in|

at a 38th St. and Keystone Ave. through the Manufacturers build- six weekly series is sponsored by jabout 2.3 per cent because of the homogenized, could not be deliver- factories and plant cafeterias station, hopes to enter the Uni- Ing at the State Fairgrounds, yes- 15 civic and allied building or- Adams Officers, {heavy winter in the Northwest. ed once a week in large con-| Where bottles are often ruled out, versity of Cincinnati this fall./terday’s crowd hitting above the ganizations in co-operation with Mill orders are up 15 per cent tainers, shaped to fit into the fOr two reasons. One is that they] He's saving his gas-stained wages 10,000 mark. the Indianapolis School Board. Board Re-elected {because of favorable building average refrigerator, requiring a get tossed around by playful em- for just that purpose. Besides the exhibits and the R. E. Emery of the school ad- ~ {weather throughout the country minimum of space. | ployees and people get hurt. | The 40 bucks also went into model house, visitors saw the ministration staff is overall di- At the annual meeting of the in the first quarter, It actually would cost little] The second reason is breakage! the college kitty. |final table setting winners in the rector of the series. (board of the J. D. Adams Many] This has put most lumber and more to deliver a week’s supply and its resulting injury to em-| Incidentally, Mr. King's draft- Indianapolis Garden Club display. . EER facturing Co., road machinery, millwork prices up about 12 per than it does a two days’ supply {ployees. The pasteboard cartons ing ability was home-hued. Hel Winners announced by Mrs. E. . officers and the board weré re-|cent. Besides lumbermen are reAnd the saving could go to the are preferred. received his “education” through/L. Bohn, garden representative Office F urniture elected. A 25 cent dividend was|celving more wages, distributors consumer. And Inthe “dairy Tine the ice] experience and a correspondence on the Show's board of directors, [voted on common stock, payable'and manufacturers said. Carrying bottles to and from cream trade is still struggling to| the dairy is expensive. Sterlizing get itself back to the 1946-48]

‘ ’ . : course. were Mrs. George Wear, Green Gallery to Open June 30. Big Gain in Lumber ; { Thumb, first; Mrs. Clarence T.| : The officers are Roy E. Adams. Yellow pine for Indianapolis... .. No. Sale... wo {Drayer, Brendonwood ~~ second [- OIfice. furniture. no-longer-is & chatrman; “Howard “R. “Meeker, homes ’s Up 12 per cent; plywood, DOORS TO the Home Show/and Mrs. Norvin Strickland, D2ttered desk, a wire mesh waste- president; Floyd D. Wallace, vice|23 per cent and up. Delivery is

asteboard carton, introduced 12| | . .l p Repeated attempts have been; oren-at Ti 4.1. Spade & Trowel, third. They dec. basket and a splintered chair. president; William W. White, sec-| from three weeks to 60 days.

years ago, has made little head- made here to organize the, | Now they show it in “galleries” retary-t + Clifford C. Reed { ’ orat z| J ’ y-treasurer; Clifford C. Reed, Besides lumber for home buildway. lice cream makers for an all-out| Phas what the program says. 08a 9: Gimer Table in the Si 40g “salons.” assistant secretary; Walter E. ing, timbermen are being pushed It is estimated that after this|eat-more-ice cream campaign, ut Tuesday, it was 11:30 be- y e. pus

~ e il 8. } sj- Tiermenstein, assistant treasurer, by furniture and trailer k fore visitors began strolling Tonight, workers will begin dis That's what Ceril 8. Ober, presi by a makers. : ve “Mid. mantlin rg ident of Business Furniture Co. and Morris L. Brown, assistant! The labor shortage here will be 16 per cent of the milk sold is in|but, I am told, they stay competi-| through Hugh Bremerman’s “Mid {manting 3 BER Bemeran 5112 E. Maryland St., is doing from treasurer. shown as builders TE the decartons. Some storés refuse to fool|tive and won't get together for : west House. Jewel, UE. Dl to © , Other directors besides officers mand and ” with. bottles. They take time and the push H. Williamson Stewart started | The Garden Clubs were observ- final site has been selected, the = 0 8 P. 0. today. are James A. Ross, William H. D7Aand get fully Steamed up , : Fa ing their special day with an ‘Midwest House” will probably] Mr. Ober is holding the formal Macomber, Harry. 1. Toe and n July, one building representa~ . Ik Next Wednesday. and Thursday about 600 Mis second year as head of the oariy. morning fashion show. The be erected in the Meridian Hills public opening of the Executive op. ' Wy oo ie tive sald yesterday. Bond Wire Ta Hoosiers, all officials of telephone ‘companies Construction League last week. girls, modeling duds from H. P. district. Furniture Guild Galleries on the ~ Lo, Daring. 5 n FThere's just not enough skilled from the big Indiana Bell to the cow pasture party line, will get He was re-elected fo the presi. Wasson & Co. were using the Selling price of the home will third and fourth floor which have SCOTT MANAGER NAMED | ep to 80 around.” he explained. together in the Claypool Hotel to talk out their troubles. dent's post at the League's an- Show centerpiece as a dressing Pe about $30,000 plus lot. Of the been divided into pastel-tinted of- Scott Paper Co. has named Nie: are Senty St Lainey; R. D. Pontius of Rochester, president of the Indiana Telephone nyal meeting. Mr. Stewart is as- (room. . price tag, $9000 goes for taxes— fices complete with equipment. George Kenney as manager of its| Pov oan _— So etrisiane, but Association, will bang the opening gavel, and Charles D. Ehinger,| ¢ociated with the Hugh J. Baker | Cheesecake doesn’t go with the direct and hidden—M. L. Hall, The occasion is to honor Orri¢ Indianapolis Industrial Sales Dis-| 2 tter the ny Be 0 d e house manager of the Citizens Tele- ~~ - lsc en model house builder, s..id yester- E. Stanfield, vice president, for trict. He comes here from Pitts- lave. & Ape and masons phone Co. at Deeatur, will both| Group leaders will be D. R. 0 (Continued to Page 46, Col. 7) day. his 14 years with the company. burgh. » he sald. tell and ask what's happened to Lancaster, Indiana Bell toll line ee een

9 : . — y 3 . ba a i Th be- engineer, Edward J. Ford, assist- Wave Of Home-Buying Here Rolls East And West During

long selling effort still only about' with all of them chipping in,!

in | The full effect of labor and {material shortages and costs will

Week {be amplified when the warmer,

{ home-hunting weather sets in.

Real Estate Clinic Sets 4th Session

The Real Estate Board's spring ‘educational clinic will study the |dollar sign tomorrow night. A Realtors— junior, active and {tential—are going to listen to real |estate’s “Financing” heart-beat. : That's the fourth topic ia a cur rent series of six concerning “what's what” in the realty business. The two-hour session, beginning at 7 p. m. in the Antlers Hotel, will be handled by William P, Jennings. : The “mortgage” end of financing will be by Joseph Van Briggle of the Home Service department of Railroad{men’s Federal Savings & Loan Association. . ; John F. Clayton. head of the {real estate department at -the

ant vice president of th Home Some of the big figures in the independent telephone industry! Telephone & Telegraph Co. of a , wr will be here to talk shop to the Ft. Wayne, and Willis B. Connor : : ; 4 ; Lh : } delegates. Jr, vice president of the Mer- oy . ; MN 5 B These Nil intiude, Harold Vilenants National Bank and the In- : ozell, Thon, Corp., and president, d1ana Trust Co., on public relaof the United States Independent “ODS. Of course. Telephone Association. He'll talk The man who's setting up the at the Wednesday hincheon. party-line party is W. H. Beck, He ought to be quick with tele- secretary-treasurer of the state phone know-how and the lan- association. ! . guage of the trade. a 8 = He's a former professor of STRAWS—Bill Kuhn, who's real| Yale and is an electrical engineer. front name is Willis, and the And that company he heads, man who “personalized” the big-| while not as well publicized out gest Chevrolet business in Indi-|

T. runs no less than second to ing one of the best equipped auto, the big talk metwork. sales and service agencies in There’ll be 3 lot x Jeminiscing: Broad Ripple in July. 2 I-remember-when " such a qualified persons as Loretta THE GREENSBURG group of Pesch, chief operator for the Fair Deal” farmers has horns United Telephone Co. at locked with the Indiana Farm BuPlymouth, John Harbaugh, eau, I am told, about something president of ‘the Sullivan Tele- Other than federal administra--