Indianapolis Times, Indianapolis, Marion County, 9 July 1950 — Page 40

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Nefio— Keller Realty Handles Sale

om Now Accepted, “= Rote tls t Fi 1 ' Year | ae. Ss Bea r eeze : Applicatio afc opting es: la : derwritten 1 3 Prepare for Tox Boosts; Jeep, Munition on bo ' Orders S les This seco: Orders Samples of Things to Come : Eu ae = 3 Jin By J. A. LIVINGSTON{ last week § SENTIMENT HAS SWUNG around full circle, If, oa Te two or three weeks ago, a group of businessmen or dipping low business analysts got together, the discussion would boom buildi have centered on the question: How long tans ie 3 the boom last? That's still a pertinent question. But it ord in unit + has been shunted aside by Korea. in the first | The business boom now is . A a= : . : ’ e Jast fou ‘taken for granted. ment: Buy now, in case there's a 3: These tw a Bo . Spe building freeze, . old lift t ; People are no longer pon-| yater on, if defense expend!- Their oo dering demand for auto-itures pick up, if demand for muni- among real mobiles will peter out In theitions begins to make a dent in [ES us Indiana. iwinter. Its assumed thal Sut supplies of steel, lumber, and Short, Near jminicars sutowationlly oy other building materials, the con- \ VA report hat they produse. A struction industry may be “ of 998 a § Ingiden taily, he mae ‘pinched. Delays on the site might $ ee through Jun pendent : send costs soaring—as in 10462220 average est Frazer, and oth-l_, ; 1047 | , ” from 444 pr ers. They thrive best in a sellers’ * : : ; ve ay. market.) Then contractors would hesi-| sdian. i tr : week. . Be aomle aay E18 v8 SAT OF, extomane } The Meridian-Salem Apafimants wes invalvad ju & maior seal asitle ansachise arg los} y . Sonn gu about’ the. construction. fn. construction. But that's not. yet.| he 3&unit structure at 3536 N. Meridian St. was purchatcd thased by the Empire Accident Insur he a. As last i” The Korean crisis so far has only ance Co. in exchange for the Belair Apartments, 12 N. Minos St, In a deal $400,000. received las the YS Ante hes oD work on Increased the use of escalator Harley L. Horton, 1305 E. Broad Ripple Ave. was the seller. The fransaction was by than 100 pe industrial, commercial, and resi- clauses in construction and other William H. Keller Jr. treasurer of the Keller Realty Corp., specialists in real estate investment prop- made in Ja dential projects. The idea is to contracts, | erties here. : a 2 bis agency | Bousing research di-| { Oy reqiat ‘beat any stop-construction orders.| Builders and manufacturers “ » { = on probing of increased pro-if in June, 194 Real estate salesmen showing want protection against rapid| Mao Prices Hi} 20-Month ‘Realtors fo Map duction methods to produce ade- Ber new dwellings have a new argu-|price advances { tg. quate housing at lower costs. f the mid A . . > . Lecture Course The business school will study on ‘2 8%xat ole Today's new economic theory! HH gh RB il bh Tr nel . home building in selected Mid- applications Hitting the Ceiling is that we can count on six to ! in u ISI e For Office Girls western ‘citles, & diay ge nine months of full employment, full profits, and full demand. CHICAGO, July 8 (UP) — Hog which sold steady to 25 cents ; = In aking fe 3 selection wo Gi 4 Seve Business is just about hitting the ceiling. Here are three bits of prices soared to a 20-month high higher. The top price was $33.35. A LITTLE “book larnin’” will F- Io Tey 84 a. In - oy nu y > Robert J. Corson, general sales manager with Corson Bros. Ay evidence: ; HIER sehaol shi college grad: |at Chicago stock yards this week Most heavy steers, + Were supplement what every office girl tion the i OE will be to ob- agricultural implements), sold his three-bedroom rambler at 3132 | Average ONE: Steel ations : land fell off from the top only tojonly steady to 50 cents lower. : . ia. IL. The: sal ¥ $5000, whil : eel oper &ré | ates to the labor market. Ibo back up in final trading.| A scarcity in both ~ases brought should know about the realitain an analytical description of 47th St. before being transferred to Peoria, lil. sale, com- | , ¢ Schediisd 1 Some back from The underlying assumption—| go price, highest since No-|50 cents higher prices for cowsestate business. financing of pleted last week, was handled by Bob Murnan of the Fred T. Hill | . - IROEEIEY ourth of July holiday wesk both in W and Walll er 1048, was $24.25 a hun-|and 50 cents to $1 higher prices| That's the program to be|Dullders as well as the difficulties,| ©, Sj McCarthy, sales manager with a division of the Holcomb or to above 100 per cent of capac” |Street—is that Russia will sit n : ade in the/for bulls, Vealers were mostly . inefficiencies and risks encount- A officer, repo : dred pounds. It was made in mapped to help brokers’ assis- & Hoke Mfg. Co., was the purchaser. VA officis | ity Korea out. That explains the re- "70 Poh, © cession Wednesday. |steady. tania liers ‘im oft red in the Spang operations. use of the G {© TWO: For the electric power |COvery = Ri Stgak market. iT | oe receipts the next day cut] Most medium to choice spring fe . [ETA clency Seek to Lower Costs 7 Milli Publi H usin off . oe industry Christmas has arrived (Many cane ape worst, [Prices sharply but they Josupea| amie eiday Shia acy at along realty row. or Feuction 1 the dilicalfias i ion ic 0 9 starting Jol | 1a July. In the week ended July |However, the initiative — the Pack 50 to 75 cents Friday. 13D gL Dighar Tor the week, Cullis omes Sdministration school, suntered by builders and lend- * ; i S nation com Se I EE s |” The week's closing top was $24.to $1 higher for the week. Culliprogram will be outlined. by a C { $ L t St Louis Howe $e power of decision—rests with Joel, he WERE LEE OC Toh and) and common kinds sold at $19 to| Real Estate Board committee at|®s in financing construction Qu QNTIACT LET IN + weaver,

time high--13 per ceri ahead Stalin, not with Harry Truman. |. =. along with advancing prices $23.50 while* old crop lambsia meeting July 18. would lower the costs they cur- Ts asital Tell 1a in

of last year—an unseasonal (The Kremlin can decide—at its) brought $20 to 50. Shee rently are obliged to face,” Mr. performance. The peak in power |leisure—whether -to let the Ko- for tres Rh Jcuounted Son} Sons 50 cents Be P . an 1 Foley said. ST. LOUIS, July 8—Work will begin here this summer on the by Korea, o demand normally occurs just |rean incident remain “the Ko- |e C - retr———————— THE COMMITTEE, appointed] Dean Arthur M. Weimer ex- first low-rent housing project approved under terms of the Housing PLATE GL before Dec. 25 when days [rean incident.” . J : _ by Board Pres -|plained the study will include Act of 1949. 4 4 are short tad when the stores | And t's well fo bs prepar ea], Obsstvers said Jotean - Builders Plannin 1A og 1 gm Bruce Sav. Mained i. y land The local Housing Authority has awarded a contract for erection During th keep open at night. That results [for higher taxes. For defense. . ... 4itv markets, also fig-| be 8 ‘ this fall for office] *Cduisition, site improvement and of 704 public units, in 12 buildings, to house families from slums. 17th Centur outlays are almost certain to 80,04 in the builish trend ; vel here office| . nstruction operations together! This report was made today by William E. Bergeron, director to cast pl both domestic and commercial |UP. Orders to Willys for jeeps|™ = ‘be Du sn trent. a , y| secretaries. The school is a 100g-| yyy, the effect of those methods|of the Chicago field office of the : i tables. Am consumers. Television, which (and fon, Ava for 30 cal. Sheep Receipts Drop = al p 1] omes Use Gres oo ary ters upon builders’ operations, work-|Public Housing Administration. | Asong aut oer Mdweet } tempt to m takes more juice than radio, r ammunition are samples off Other than hogs, higher prices ing capital requirements andl St. Louis authority is also thecities in w 0! autho i until nearly has added to the load. " |things to come. The exise taxes, were paid for most classes of . . Walt Veon heads the commit-|risiks, and costs and risks in- first under Chicago jurisdiction to have selected sites for low-rent prin THREE: Broplo tin June |Which.the House voted to reduce, cattle and sheep. The extreme top Gigantic Show Set [tee with Jane Steadman of the|yolved for the lenders. lexecute a loan and annual con-| vu. bovine New Albany, Ind., A ymen may be left aloné, For two rea-ifor native spring lambs was) . American Estates Co., vi air-l mield work on the project is|tributions contract with the gov-i : : rose 1,750,000 to 61,483,000 per- gong: Excise taxes, during a pe- ($29.25, fully $1.25 higher than the| For Sept. 10 to 17 man; B. W. Duck Jr. of tel, recta” v0 be completed late|ernment under the mew act, Mr.has applied for 400 units, the sons, second highest on record. Irjod of shortages, are deflation- peak last week. | The “Parade of Homes” dra-|Spann Co. Inc; R. A. Franke, |, oi month and the final report/Bergeron said. Chicago office reported. : Unemployment, strangely (ary They penalize luxury buyers.| Cattle were sold in numbers matic shelter story in brick, stone |Franke- Padget Co.; Lewis A.lc.pmitted to HHFA by Oct. 1. | Bids from five contractors for The St. Louis project which DON enough, also rose in June, from |That was why they were imposed comparable to last week's run, and frame, will rumble through;Haynes, Haynes Realty Service| pean Weimer will direct the construction of 140. units injultimately will be financed by 8,057,000 to 3,384,000. That was iin the first place in World War but sheep receipts at 12 leading the county Sept. 10-17. , .|Louls 8. Hensley, mOrtgage study assisted by IU Profes- Champaign, Ill, are also under private institutions will cost $7,« due entirely to the influx of [II markets were fully one-third, The “Parade” will march along broker; Paul Starrett, Klein &|ons'm BE, Edwards, D. Lyle Die-| consideration by the local housing|407,756 for 12 buildings. Total OVER smaller. as the community's contribution|Kuhn; Wallace Tomy, rentali¢,, David W, Thompson, Schuy- authority and architects fromicost of the project including land, Geo ra h Boom Pittsburgh is by no means as con-| Fed steers and heifers predom-it; the U, 8. celebration of Na- manager of the Jefferson Na-|jor. gm Otteson, Matthew P, Dogan, seven other authorities are plan-|demolition of old structures, serv- \ g Pp y : fident about “peace” as Wallinated cattle and of these many tional Home Week. tional Life building, and Cathe- ponert 0. Harvey and Arthur E. ning projects for which bids will/ice fees and administration is Street. scrap prices tumbled again. The reasoning: In thejwere high-good and choice grades! pjans to show more than 300 rine Winchester, Savage Co. Warner, all business school facul-/be invited by early August, heestimated at $8,654,657, Mr, homes and new construction Bergeron said.

event of a major war ceilings would be imposed on scrap right off. | : anjondsd, aihony Lutium: Bust Corp. & Soybeans, Corn

, dealers At the same time, however,

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COOL SUMMER SHADE

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One way to keep rays of the!

Monday dealings. Market observers waited to see {whether the draft news would set off any new war-scare buying. But

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Ld ® t leader in stainless steel, followed, ~~ go history, will be staged under the r sun from entering rooms, ; . wa Steed tn boosting statnless{fil0d MAINLY to Europe, never And Rye Advance direction ‘of ths Marion: County Suis het as bo bain 17) ’ prices 3.5 per cent to 7.4 per cent.! And school curricula, keep CHICAGO, July 8 (UP)—Corn, Residential Builders, Inc. or other long-leafed vines along : The only certainty, so far, is/students abreast of current head-| > ° and Qafetrod Soybeans futures M. 1 Ball president of MORSE, the roof overhang, thus providing) 7 J - high said local “Parade summer shade. : SE eC re ene Side plain (must, be expanded to Ximarket this week on the Board of|directed by J. Frank Cantwell, >>" 4 world they live in, Sales of maps|diplomatic and military Urgencles. when, wots ood Tul bear, b[Promoter of the Home Show, the i : : East have eat, oats an y soybeans, |“Parade” in ae : of Korea i ab ry She a accord- of gs A price picture for the week as| National Home Week is co- { - : g ~ | ing to Rand & McNally. Home Building Jot last night showed wheat off 1/8 by the National Asso- All g GI's, who fought In Japan, Eu- E . . {cent, corn up fractions to 3 cents, ciation of Home Builders, the Na- /, | rope; North Africa, and elsewhere, Booms in Chicago loats off 1 to 3 cents and rye up Sonal Association of Rea) Estate ; .are conscious of foreign places Ea al {1 to nearly 2 cents, 8, the -| Hi that the doughboys of World ; . July soybeans were off 10 cents) Per Dealers Association and .the Shows You j CHICAGO, July 8—Like in the . aaj ‘International Association of Elec-| | War I, whose activities were con- jcompared with a week ago but | — e|To8t of the country, May home|the later months were 3 to 4 cents| tric Leagues. | bullding in Chicago's metropolitan higher. Lard futures ruled 5 to| MT. Hall said the Builders group area continued at breakneck 20 ents higher is setting. up _cominitiees to_orrates Korean news dictated most of Sanize the celebration here. Last . the actic . h _|year, Hoosiers visited open! _Bullders here started the sible for ale Ting that houses during the week | {greatest number of new..units swept many deliveries to new sea-| mre — i 1 recorded for any single month!sonal highs just prior to the In-| CUT POWER COSTS | LAWN and J] [since the end of the war, statis-/dependence Day holiday. Owners of homes with large win-! at INDUSTRIAL Yes from the Labor Department's After that, however, only corn/dows and window walls report a Low-Cost, Lifetime Property eau showed today. {Was able to break into new high|definite saving in electricity costs. | n During May, 4740 new single 8round. Export sales to Holland| Electric lights are unnecessary! : or Erection family and apartment units were/and Spain aided this cereal and|for reading or working inside until nit Ma dap. Jars, ov, Sia slot, ted sme by eCard ing se th seghboe wih Nights and TA Ihot 6503 otal this| Ss. {sma ows .have turned on! : Jer to 18.330 Bow 3 units. This 1s September corn reached a sea-|lights. : nearly double. 8355 _unitsisonal peak Friday eof $151% af a Si {started In a corresponding perjod/Pushel and July corn topped the | os in 1049. crop year Wednesday at $1.54%. BUILDING LOT-- 130x175 § : The Chicago metropolitan area|Other highs in corn, wheat, oats BEAUTIFUL CROICE SITR 1 Hd consists of Cook, DuPage, Will, [and soybeans were a LOCATED 5300 SOUTHEASTERN J tion at = vo

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