Indianapolis Times, Indianapolis, Marion County, 25 June 1950 — Page 41

NT

MS

uu me ose itself.

6x25”

§ + ~ 3

The Week

~ Prosperity Pot ~ Boiling Briskly

Buying Wave Rolls On, Y.., By Sound Wage Earner Credit

in Businen—

By HAROLD H. HARTLEY, Times Business. Editor BUSINESS BUBBLED merrily, near the top of the

prosperity pot, all week. But ing it closely. + -

“ +. Their worry was whether it might boil over, put out the fire,

But there were no signs

executive cooks were watch-

of trouble, anywhere along

he can get credit. : In Indianapolis consumer credit is in good shape. But a few finance companies, hit by tremendous buying wave in attomobiles, were reported to have borrowed up to their limit. The wage earner's credit, however, is

the line. There is plenty of J | si d i !._ work, and when a man works't on and anything else which

count banks reported savings up about $1 million in the first five € months of this year. Other banks reported savings “strong.”

They're rolling up a tidy “rainy

ugged at his desires. Stranger still, savings are up. One of the biggest savings ac-

Hooglers aren't spending it all,

ing to brag about. The rains and)

Four years, no accidents . iu that's the record of, Schenley

the apricot pack, cool weather hurt the ripening them, has aifeady started.

day” fund. Indeed, one bank presi-| ill 4:4: dent reported, that people with |] satate developers here for more corner of W. 30th St. and Kessler ; ar as anyone has been able substantia] savings accounts, ac-| = : he ppd Bogor Blvd. opposite Zadio station to see, in Indianapolis and else-|tually borrow money to b what| © = : And the brothers-in-law have & wi Ww. where, there are no specks yet on they want, rather "ths oy al = wn] rpm champion team around them. De-| : the flush ‘fifty apple. It 15 thee in an stur EE ———— signing their homes is Joseph O. 1p his center, to be owned by the rounder, ruddier and bigger than| ' There's a fal t 13 Cesar, ALA. Home Show cons Fuse. Zeager Corp ani Dis Bon ever. lin soft El wn strong upswing sultant. And aiding in the grading Dam, will service Bonham Place "The government got a little jit- bloom this fall, with prices fairly | is G. “Brownie” Lata of Mon-U Vel 8% CS Co oy tery about consumer credit last!firm, but the styles will hd Y Hvia; JoAfbuliaer In the Suites | Wid Reutty Lr a week, but the weekly workeriplenty of come-hither in them * : 2 48d Australis. a es Realty: B LiPalmer Ban ‘wasn’t worried. He was still ink-| Clothing’s been neglected, but 8 Plan 102 Hones jem rick B. Cline. ai {ing the dotted line for homes, ap-!it's on the way to a pickup, and, ol %| HOMES They'll be building 87 expansion And that’s & community, a popliances, furniture, cars, televi-' it's about time. ! ; “PLANNED LJ and ranch, three and four bed- lentia} 3 Joms-ownars, 1000 : room residences, as well as cus-| SOMmuters. ‘Solid I en good shape with the banks, Ope bell- C1 A2pd 57 Were [J tom-bufiding 15 higher priced BZ homes will include the gE : 8 loans down. But this is} py 3 ; ‘J homes along Kessler Blvd. atest housing Innovations and ‘certain, bigger business needs bigger inventories, more money |i zl ht The homes planned within the then some. They'll be heated by. locked up in inventories, and then, too, capital expenditures have 3 : project will be priced from $13, Winter air-conditioning ofl units Pregua to roll again. That's business expanding t to take care of 5 2 LL) 650 to $18,000, prs the Kessler|in full basements, serviced by fin- | Behind it all is the housing | must be charged against the 3 e rr. 0 gwellings Wilk be. th. the 525,000 ante tani 8, bai oo { boom. That comes first. On the|price of the product. 1 : ble-hung theri tail of this. prosperity comet I don’t believe many solid mer- & 5 z . ] gM ng the cistors durlinge a on ung wea : i | rides everything which goes into| chants really like the “No Down @| STABLE BEING | Mr. Cezar's tri-level dwelling, Besides the basic a | a house, new or just moved into,| Payment” idea. They point out TORN DOWN - plans of which took second place|teriors will ha: atures, In- oh | furniture, curtains, washers, car-| that if a man could make a down Bis of : in the 1950 Home Show competi-| panel, window and door trim, and | | pets, and everything it takes to|payment, he would probably do wf oe [1 (4 ‘tom. ii lots of built-ins throughout the 4 ' make a new home nicer to live in./it. And if he can’t he probably w - Meanwhile, the Bonham Stables, house. Purchasers will have a a Prices are beginning to react to|is not in position to buy at all NEXT CC] - in operation at: 30th and Kessler choice of room decoration and i the faster flow of money. They're; But “No Down Payment” was IN v since 1920, are being torn down/wall finish and the “in edging up. This comes through| spawned by hardy competition. INE : [jw and the new headquarters, third/the expansion homes will be fin- -: higher pay in new wage con-|It started somewhere, and the L 0 ¥ here since 1923, are being con-ished with heating, plumbing and . tracts, and other benefits which | rest had to fellow. STM L A CJ structed at 3600 W, 46th Bt. wiring outlets, R . MICHAE In his new location, Dr. BonNo one noticed it much, but coffee r : Insured Mortgages + The Inner. Man took a two-cent rise last week, This; in SCHOOL J ham_and bls son, Chester, ii Homes in the project will be fispite of all of the government finger-shaking at the speculators. : champion horses. They will not nanced by conventional Oleo is dropping ten cents a pound ahead of the removal of | ii m vd | WELW| operate a livery ‘stable, Dr. Bon-|°F those backed by the ! the federal tax on Soioving. uit buying, They were not going to Coming Bown. . + . Bonham Stables, landmark near Flack- @p [CIT z=: RADIO | ham sald. Housing Administration and V lotget at th heavy om - it buying. They i going | ville, i is being moved from W. 30th St. to Ww. Abth St. 7 7 acy Streets Outlived The custom homes along Koss oleo with a ten-cent tax paid after season. And Indiana berries are EP { The housing project, known as|jgr Biv, wil will center on lots avthe tax has expired. about gone. A few are still com- "10M d Bonham Place, has taken on a 100 b: 1 p oc S a ose i © — i eraging y 200 feet. Lots in To meet this and keep grocery ing down from Michigan. ¥ r LL . HOUSES ‘ oR ss TN new look since spring. The acre-| the rest of the project will average shelves stocked with popular| One of the biggest grocers told % B 2 5 3 \ sus! {8 age has been rough cut to extend gg py 164 feet. 2 makes of oleo, the manufactures me that the freezers had a nara fy All Sections but Rails | GONG UP = Centennial St. through 33a St. ,; greets will be bituminous- . | have agreed in ‘several instances time getting a pack this year. W. 30th ST and a new thoroughfare, Bon-| ... 4 with concrete nerete gurbs and " to absorb the 10-cent loss right! California canned ‘peaches are Substantial Ad Lif List D : : ham Drive, is cutting through the gutters. City will be | NOW. gone now insofar as the packers nha vances Li st bur ing Drawn trom blueprint by J. uth i tite Stam Artist. Western sage of the development tapped in. That means merely that they are concerned, although there id - . i T df Ea are pa ans marely that, they are still a few in town, if you Mid-Week; Trade News Favorable Tha plan. .. , 1 tand owned Basham is iheing Currently there are five brick| The project fs within & haitpaying . Pall developed by ‘the Bruce-Z homes ‘until the tax is taken off. And watch the ads and know where to) By ELMER C. WALZER, United Press Financial Editor veloped by ‘the Bruce-Zeager - he nay es 10F and stone dwellings going up mile of the Fickville school and in that way they stay in the pic- get them. : | NEW YORK, June 24—Stocks rallied this week and closed Hoosiers. along 30th St. from Centennial SHOPPING and there is bus transture, Smart business, But it won't be long until the higher than a week ago in all sections but the railroad. TL nT aT portation © Ben Davis High The strawberry erop was noth- new pack starts. In California | Volume increased from a daily average of 1,585,803 shares last! Clarence e R. Harris Real Eslale— to town on 30th St. Tradition ;

|

| | |

Industries, Inc., headquartered at Lawrenceburg. Here's the congratulations party (left to right): James Van Namee, Louisville, in-

surance supervisor; A,

division; James H. Mohr, directo

George Brown, head of Schenley's Motor

r, State Traffic Commission, and

Lt. Elmer E. Hollenbach, Connersville, area police supervisor.

It’ Two-tone Snacks coffee in the top and the dried ou That's what used to keep the home at night.

s a far, distant ery to the old

tin ‘dinner bucket with the cold

t sandwiches deep inside. worker going until he got back

But a miracle has been wrought in slicking up calories for

shop workers. Last week I had lunch In the eafeteria of the Link-Belt Plant] at 220 S. Belmont St. And there 1 found all of the stick-to-the-ribs food you would want, tasty, . i But there was a snack counter | with two-tone double - decker | sandwiches with cheese and meat | fillers. Looked like something you, might find at a ladies bridge] club. And the Link- Belt ladies marched right up: in their blue jeans and sweaters to the watch- | your-waistline counter. I even | heard one say daintily that she was “dieting.” R. W. Tileston, who's heen a caterer most of his life, runs the | big cafeteria in the Link-Belt ! Ewart plant. He feeds about 700] on the spot right theré, and 500

more'in the Dodgé plant, all sou}.

food. ; And the company runs it, keeps : refrigerators for ‘everything from soft drinks to meats. 3 A battery of dishwashers | . scalds them twice, first time at] 220 degrees and the second time at 180 degrees. And the silver- | ware is washed at 260 degrees. i Ruth Sigmon makes the pies; and cakes, and Link-Beit sees

' that they are as good as mother

used to try to make. .- Anyway the workers get more for less, and at Link-Belt they like it plenty.

$oday over WISH at 3 p. m.

Most restaurants would be! proud of that equipment, walk-in | prices down, marks it off to good |

will, or something. | » » » { 3 ARRY . THOMPSON, presi-

nt of the Federal Engraving Co. , 222 E. Ohio St., has imported | an ' English embossing press for| ‘copper etchings and picture work on letterheads.

It's for quality work, and he

| pelieves it is te only one in the|

Middle West. | - LAWRENCE LeFEBER has a new buildiAg product called Brick{rete. It's what it sounds like, part

Ibrick, part concrete. He's making

{them at 1900 8. Tibbs.

{oat eliminates wood studding,|

| sheeting, building paper and siding, FRIGIDAIRE is building a $12 million warehouse and fattory po outside Dayton, to be finished |in 1952. JAMES R. WALKER, 739 N.

i

{Graham Ave, IU graduate, has|;

{joined the Claude C. Jones Con- | mectiount Mutual Agency. i Admiral Radio says no locking, doors for its TV sets to keep

{the kids from getting too much

{of the bang-bang westerns, That, says Ross D; Siragusa, Admiral ‘president, is up to the parents. up, can't they?”

Hear Harold A. Hartley with “The Himan Side of Business”

it you like | week to 1,609,100 shares.

{the bull market, ran for six sessions through Tuesday. On Wednes- | day and Thursday substantial advances lifted the list and on Friday some veloped.

flected ‘a stronger technical position, market experts said. {of them predicted an early test {of the highs since 1930 for the

[ie made just before the bull i}. week. American Tobacco rose ; nh the North| These construction leaders want to know more about the Zeager is from a Cleve- | more than a point in a strong to-| 3 Side realty firm | Streases and strains and decén-. ~ lland, O, real estate family and There was little of new mar- pacep section which responded to ) from 1939 {tralization, the end and primary Real Firm Adds with his partner has davelaped leffects of the A-bomb. ty the 250-home

Jest. news to help or hinder the jecigion of the House Ways and]

{rose

“They ean lock the ‘kids

Near Kessler, W. 3 Sruce-Zeager Developing Real Estate By Dr. P. O. Bonham, Champion Horse By LARRY STILLERMAN, Times Estate | Another colony of deluxe dwellings is rapid growth of suburban Indianapolis. : This one’s a $1.5 million building plum sorthwest of the city limits in the W. 30th St. and Kessler Bivd. community. There, 102 home sites are being mapped out on 4

acres owned by Dr. P. O. St. to the new Bonham, veterinarian andiwest, St. Michael's School trainer of champion gaited Wy dig week, foundations will and jumping horses. eye-stoppers br However, this project is not slong W. Bint 8t. The project will -just so much construction of 102 a Apt soon as the 125-top-rated homes . as it is the rol ing dismantled. yo transition of one champion pro- he project a ducer to a pair of blue ribbon Som. y early 1952, Mr, builders, Bruce sal .

For Dr. Bonham is selling his Shopping Center Planned 3 real estate to Robert Bruce and that time they ¥ : Robert Zeager, builders and real at a io tHe? Will have Mina

sbi RR a

Photos by Bob Wallace, Times Staff Photographer. 102 deluxe suburban homes are nearing completion in Bonham Place.

The decline, which started June 13, the first anniversary of

Rejoins G.& A. Firm Atomic Age Building Awaits they rose on the week, several to Clarence R. Harris, graduate) Word From Washington

new highs. Chrysler netted 21; of the Indiana University law] By the Real Estate Editor

points io Hose the week at 80. school this year, rejoined Gregory yenera otors firmed a mere 1a cents.” . Schenley: rose. more] PPh Fealtora, 39 3 salesman . Every time architects and engineers discuss new building plans today, they look out the window for the mailman with & package from Washington.

than two points in the liquors. The newly-! The .steels gained fractions. : inducted Hoosier They're waiting tor some decided “D, C.” spark on “atomic age” bulldings.

brothers-in-law. They Bruce Builders, Inc, seven ago from George Q. Bruce, nator of subdivision installment 13 buying (31 down, ot a week) in ea: Iowa 46 years ago. He had developed more than 700 homes here, the majority since the “hows” took over. re.

irregularity de-

Return to a gaining market re-

Some

Du. Poiit lost a point and Al-| attorney was forited Chemical held unchanged for merly a al

1942. His return]

Many individual stocks re- means Committee to junk a pro-| was. announced: They want to know what the {government has cooked up in new

New Salesman

| ceived u lift from items for their posal to give lower tax rates to yesterday by jeompanies a it makers of low-priced cigarets. = | 1 “Alan C. Appe {construction - ames. With realty activity on the up- 254 tiie current Qu Foods; a two-for-one split: for rn dustrial 2 YAR Or nt A. native ot JAMES W. FOLLIN, assistant|STade, posting new sales marks, rg B. project from a champ: Youngstown Sheet & Tube, and ao 0 LTR) 200 Ee: van. Mr. Harris Spencer County re the keeper of the keys for dally, the Sp Carter Co. Jester oo J fep Sunt stovk Wviaen tor M¥lroad, 5585, off 0.10, and utility tended DePauw University. Helfoderal’ hulldings=(Genttal Sere: Ww. salesman. "© * Grayson Realty 43.95, up 0.61. received his bachelor's degree in| : : John East : \ Trade News Favorable Bonds eased. Commodities ruled business administration from But- just a little about atomic con- wood, former in- Moves Up 5 Floors

struction plans here last month GFayson Realty is oving up

{in the world. Jiri This shelter agency is shifting operations from 401 Inland Bldg. . to offices at 906 in the same E, > | Market St. structure, John T. . Grayson announced yesterday. The firm will be in new surroundings, up fie floors, by July 1, he ‘said. Company personnel making the change over include (his son, James T. Grayson, and Mary Sue Farrar.

surance sales- J

The outstanding short interest firm. ler University in 1948 following by 23,736 shares in the The best report of the week in demobilization from service. Yelore the Bullding Officials Cor man, joined the = month ending June 15. business was furnished by the ye received his law degree and! gut nothing definite. North Side realBusiness news continued high<[aliroads which reported carload- a4 admitted to the Indiana Bar It €ol. Th 3H 1. | ty firm early this ly favorable with séveral new rec- Ee . a new high since June sggqociation this spring. et 9 ofa nyes 'imonth, company ords set. But this had been an- a Bet Mr. Harris served four years in anys an hE WAPI eg President Gil ticipated by the financial com- other ighly favorable report tne Army, 26 months in the anti- n e strict o SO a also| (vo rier said. wo | munity. as ide Sires aw came from aircraft artillery in Panama. He Save an inking of h ngs 2 grr A Broad RipHigh retail sales. spurred de- BE a fetal] tage moved was separated from service in| len Ne urge ie. nee RD {ple resident, Mr, e weather 1946, a captain, and enrolled t/defense planning at a ui ders’| stwood w mand for mercantile shares and yng summer elothi p nroled a ! 3 23 ng promotions, Butler, meeting nét too long ago. formerly associ Apartment: O ‘Dun & Bradstreet said. Retailers Mr Harris is moving here from He talked about what happened ated as North « Eastwood parimen whners {bought heavily in the wholesale Terre Haute with his family. He at Hiroshima, primarily, and] gide 3 North Mo and salesman To Hear Phil Bayt markets. will take his brokers license test about the atomic effect on butid-| with the Prudential Life oi . Automobile plants turned out|July W ings, in general {ance Co. for four years. City Controller Phil Bayt will 205820 cars and trucks in the viel | "The effects of {he A-bomb are the war, he was employed Dae] the, £ Convention’ Set {speak before the Apartment Own- U. 8. and Canada, according to Outing Set {the blast equal to 20,000 tons of| Allison Engineering Co. for al The 1950 convention of the ers Association in the Washing-' Ward's Automotive reports, an all- 9 'T.N.T.; the high velocity winds most five years. | Structural Clay Products Induston"Hotel at noon Wednesday. time record high for weekly out-| The annual summer outing of rushing back after being blown| Mr. Eastwood is a graduate of try will be held in Coloradc 1 Pi Say will Miscuss the “Work put. ‘the Construction League of Indi- away; the heat traveling with) Washington High School, a mem- Springs, Colo, ' on Oct. 23-26, | lof a City Controller” at the As- eel mills continued to operatel, i. will be held July 15 at the speed of light, and radiation. ber of the Central Christian Convention dates were announced = |sociation’s monthly meeting, AOA at more than their rated capacity : 4 A , The first two affect buildings: {Church and lives with his wife yesterday by W. J. Goodwin Jr. President Paul Coen announced and turned out nearly 2 million|the Blue River Country Club out- land Saughtar at 5712 Rosslyn president of the Products Insti. yesterday. net tons of steel. side Shelbyville. |Ave, | tute. t ve 19 ¥ oi

(Continued on n Page 42, Col. 7

e Transactions :

510 N. Tacoms Ave.

cated with the Real Silk Hos- af 3610 N. Tacoma Ave. to Mr. fery Mills, Inc. and Mrs. Robert C. Howard for

750 N. Bancroft Ave.

fer of three-bedroom dwelling at 750 N. Bancroft Ave, :

6311 E Pleasant Run Pkwy.

Home sales here are rolling was sold. by Mrs. Estella B. along, strong as ever, Crawford to Mr, and Mrs. Her-

The sale was a two-company transaction between the Firman

4

One of the major home pur- bert W. Smelser, Mrs. Crawford* C. Sims Co. and the F. C. The dwelling was purchased Sale of a North Side resichases made early this month... i& employed by the Marion Tucket Co. by Mr. and Mrs. Walter I. Wil-. dence contributed to the op Mr. and Mrs. ¥. C. Wright. ; | was the transfer of deed and County Department of Public Another top East Side “sale ~ son from Mr. and Mrs. Hafry sales report of Joe Berger, Mr. Howard 1s with American | keys to 6311 'E. Pleasant Run Welfare, while Mr. Smelser fsa was recorded by Waddy & R. Hooper. Mr. Wilson is in the member of Associated North Telephone & “Telegraph Co, Pkwy. new employee of the new Wes- Springer, Inc.. early this month. furnace and roofing business Side Realtors. Ine. Mr. Wright i# in the Tame ~ This four- bedroom dwelling tern Electric plant here, ‘This firm handled the trans- here, while Mr. Hooper is asso- . He sold a two-bedroom house ber business here.

Er | ime x me Lt Cy