Indianapolis Times, Indianapolis, Marion County, 20 August 1950 — Page 50

~ “lorder boo

~~ for scarcity. 3

i War: : (Continued from Page 49) amore shelter. ; “the National Association of Home ‘Builders not to stoop to panic ‘buying. This will only bring more ‘federal housing controls. . But builders here reply “panic” 4s obviated by voluntary allocaMons Suppliers are applying to 8. 3

ship “The government is also dipping “into the market for Army camps

logged. Can't wait to load up out West, the lumber dealers are told. Consequently; what wood drifts "back is bid up on the “free-est” - market and now builders are pay“dng around $I35 per thousand board feet for Douglas fir, the * heavy stuff for homes. That's up about 10 per cent since July and about 25 to 35 per cent since Jan, LX Southern yellow pine is@lso up about the same, from to $120 now. Since Korea it's spurted at least 10 per cent, too. Dealers are quoting millwork prices up 10 per cent since Korea and delivery, in some cases, as late as March and April. Roofing and siding took on a 10 per cent bulge in prices early this month, too. And delivery is very slow, intensifying the already “tight” market. After an early “price war,” these {items have returned to fall cost peaks, however, But it's demand, not Korea, Hardwood flooring, mostly oak in this area, has also jumped about 15 per cent above FebruaryJuly base prices. , Insulation and gypsum products haven't jumped much ovér the price moon. They're just not available. Production tieup, plus heavy demand, are the reasons

Brick builds the same story. Face and common brick just aren't around. Suppliers point to coal and clay strikes cutting production in the Midwest, ..for the year just filling back or: ders. P.

Contract Awards

‘Material Shortage Boom Hus’ Drained Supplies; Expected fo Intensify Pressure |

{cent since the “police action” on ‘the push will be on for more and Korea. Although it's not apparent

ces are up about 10 per!

‘here, Chicago brick has already

drifted into a “gray market.” Cement is alsp short, but there's

little price change on prior orders. Paint is available change in “temperature, Steel is most critical and it's reflected in the higher prices and “allocation” of items using this

Sed

product. EE they! Basement tanks are up about

30 per cent since June and 40 per

lic cable is up

per cent in price and dealers are allocatin 4

there has price

been no advance in

and plumbing material is “practieally ~ at ®0

delivery is slow. . Sheet metal is also 10 per cen

ernment control. : To builders, all this means more cost. And most, today, are not quoting home sale prices until the last nail is hammered in place. That's the new homes picture « +, from the material bin,

Building Trades

Wages Advance

With the push on for completion of commercial construction, hourly union wage scales for workers in seven selected building trades stretched an average of 10.2 cents in the past year, A report released last week by the U, 8. Department .of Labor showed the increase was evident in 25 major cities in the North Central Region. This includes Indianapolis, Wages for bricklayers, carpen ters, electricians, painters, plasterers, plumbers and building

“are sold out/laborers averaged $2.305 an hour

In. the average

{surveyed jobs hit $2.303 with four | SPring

union contracts running until Spring, 19051. Bricklayers, carpenters and common laborers negotiate for new pacts in 1952 with

most two-year contracts keyed to

with little ;

cent since January. Demand is terrific and

-and nonmetal-| from 15 to 25

drained off the market, but still However, builders’ hardware

‘sources, One distributor reported! a 90-day stock of bathtubs, lavatories, pipe and fittings was wiped out in two weeks following hostilities, It's eased up now, but

higher now than it was in January. Further supply, however, depends on the metal market. And that's due for allocation and gov-

Joe Goode of Goode & Goode Realty Co. sold this two-bedroom frame home, 2725 N. Gale Ave., to Russell C. Elliott, owner of the Elliott Equipment Co. Owner of the house was Earl L. Lawhead of Eli Lilly & Co. The sale was closed last month. -weeks ago.

North Side Sales [Livestock Prices Advance Close to Record During Week as Receipts Di

i { {

Seventy Transactions ,.,ced in price this week as well Yarlings and full declines on me-| ed p : to low-grade steers over)

Recorded in One Week 2s cows and bulls. Vealers were Joon am pounds. (Continued from Page 49) steady, and heifers, beef steers;

buyers from the Korean War and losses. tightening of credit and material! At the Chicago Livestock outjets. {Yards, values per 100 pounds at| he Associated sales list, sub- yesterday's close were 75 cents|g mitted by Chairman Warren M. to $1 higher than last week's Atkinson and Secretary C. Scotticlose on butchers, and $1 higher | Padget of the Real Estate Board, on sows, which comprised 55 per enumerated transactions as fol- cent of the receipts. lows: Advances ‘in these prices reE. E. Brodbeck—2822 N. Illi-{flected previous advances nois 8t., 2880 Medford Ave., and wholesale pork prices and fewer choice 6129 Riverview Drive, oferings. TIM believed, how} .iever, tha e increased prices Sypa O : SAT aN |. Penn would drop with increased offerAve., 7231 Lafayette Road (U, 8./n8% by the end-of the month. | 52), 3146 N. Gale St, 1425 N.| Beef Steers Decline Eri 8, 30 FAM Ka ra a ee ¢ cts 238 N. Walcott St. 1022 Congress Tan largely 10 new crop kinds Ave, 3541 N. Bancroft Ave. 2605 Weighing less than 240 pounds, in-| Lafayette Road, 2830 N. Emerson cluding increased numbers weigh- | Ave. 4612 E. 35th St, 2609 Cold! 1n8 150-190 pounds, Most of the p Lane, 3243 Washington, Price advance occurred yesterday} Blvd., 2417 W. 60th St, 21 acresON thE” decreasing supply of 220-| at 91st St. and Ditch Road, prop-| 250-pound weights. The week's erty in Traders Point, 8502 K.|!oP of $24.75 paid yesterday was 46th St., 100 acres on 82d St. near the highest of the month. | the county line and 535 E. 38th| SOWs under 360 pounds brought Bt. in a cross-sale with Driscoll $21@ $23; 360-400 pounds, $19.75@

teady. Two loads of choice and prime 1319-pound

vealers, $27@$33.

cine Young, salesman for the

Heifers were 25 to ‘50 cents jo

{bulls 50 to 75 cents higher, veal- pj ers steady, stockers and feeders changed to 1 over 700 pounds, 50 cents to $1/higher to 1 lower: soybeans 1 to! lower and lighter weights about|s; higher, and lard 32 to 57 points a

- Mr. and: Mrs. Charles H. gL or Bernat. Mr. Reed is in the the. clocery business,

David Agustus, local builder, sold this three-bedroom stone home at 5650 N. Winois St. to Dr. Marshall McClung. The transaction was made through Miss MarGerdenich Realty Co. The sales was closed twa.

| . > . ‘Trend Narrow in Grain Dealings (UP) —, {The grain market was compara- ever, were checked somewhat by! i 5 ¥ {tively quiet this week and futuresian official Canadian report esti-| six. months. of 1950, increasing to CHICAGO, Aug. 19 (UP)—Alll50 cents to $1.50 lower, with theiprices moved within narrow/mating a spring wheat crop of classes of hogs and sheep ad- least change on good and choice ranges most of the time with the 515 million bushels against 343

largest fluctuations occurring in million last year. Observers felt soybeans.

CHICAGO, Aug. 19

Compared - with last

r to 5

42 higher; rye

pound higher.

provided by these RCA

An ideal combination—Buy Both—

week's | se, wheat yesterday ended 1, | Spective despite the initial confusion of and yearlings suffered substantial lower, cows 25 to 50 cents higher, to 1 cent a bushel lower; corn would be ample to supply all

iower; oats un-ineeds, including some exports.

Early in the week, wheat prices|dering the maturing of wheat fed steers sold for declined in sympathy with a sharpcrops. $32.10; bulk good and choice fed drop in soybean prices. But on steers and yearlings, §28.50@ Wednesday and Thursday wheat strength $31.50; bulk good and choice fed|rallied steadily when a largeithreat of possible damage by an In heifers, $24@$27.75; medium to|chain bakery to buy siz-learly frost continued to attract able quantities of flour.

2041 Shelby St. The firm moved to this location last June. : Among the sales reported was

McClanahan houses at 1346 W. 23d St. for Mr. and Mrs. Lewis Krug to Mr. and Mrs. Charles Gibson; 1402 Bridge:

Reed purchased

(oweY Ste Mr Skinner; 1144-46 Churchman Ave., Noble Dale to Mrs. Rose Lemons; Smith's Valley, MP. and Mrs, Donald Sutton to Mr. and Mrs, Carl Gates and a lot at 2024 {Bradbury St., Mr. and Mrs. Oscar Denker to Mr. and Mrs, Frank m. Boehm. sales included a cross sale with Carnine Realty Co, ¥ 14530-38 S. Meridian St. (five-unit ifiat)—and property at 1136-38 8. . West St, and 1518-20 E. Raymond St.

Dan River Mills Earns

$1.74 Common Share

DANVILLE, Va., Aug. 19 (UP), Advances in wheat prices, how-| not profit of Dan River Mills, lIne., almost doubled in the first

= ‘

$2,701,163 or $1.74 a common share, from $1,474,358, or 91 cents a share, in the corresponding 1949. period, the company reported today. Net sales for the first 26 weeks of 1950 jumped to $38,859,714 factor influencing cp $34,242,162 a year ago. \wheat toward the end of the pe company declared the regu‘week was the cool weather hin-(lar quarterly dividend on the $4.50 pfd. stock of $1.12%, payable Oct. 2 to stockholders of record Sept. 16. A regular 25 cent dividend was also declared on the common stock of the company, payable Oct. 2 to shareholders of record Sept. 16.’

{that this output plus the prodomestic wheat crop

fs | Another

Corn showed relatively more than wheat as the

|attention.

Masterpieces

cost-of-living flucuations. In the survey,

¢ - End 2-Week Lull eons ; leraged $2.67; carpenters, $2.41; and "Purdue, Essex House Slectricians, $2495; painters, 4 he .203; rs, ; plum . Aid in Upswing ers, $2.478, and building laborers, with Times Special $1632. NEW YORK, Aug. i8—A vol-| Here the hourly widges paid to ume of $250 million snapped a bricklayers is $2.75; carpenters,

Walt

tract awards last week, the En-($2.1214; plasterers, $2.50; plumb- feet

62d St. In association with the

Realty Co, 10 acres at 38th St. 321.25; 400-500 pounds,

Arlington Ave, in a cross-

sale. with Fieber & Reilly, 3325 Euclid Ave, In a cross-deal BE.

Forrest Knight and 2440 Veon Realty Co.

Boost Fuel Costs

Fay C. Cash—Property at Tist|

two-week lull in engineering con- ($2.30; electricians, $2.45; painters, |St. and Washington Blvd. and 100 at N. Meridian and 77th Sts.

18.750 | $20; 500-600

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. - gineering News-Record reportediers, $2.50, and laborers, $1.50. Bishop Appointed . | § "a { Among jobs awarded were Home Show Aid | | :

yesterday. A rash of huge multi-million dollar projects inflated the week's report beyond the weekly average | this year of $226 million, the pub-! * Meation said.

million worth of buildings and

oeopesidence-halis-at-Purdue Univer!

sity and the $3.5 million Essex House apartment house in Indin xt

Architect To” Serve As Adviser

In a cross-sale with Alan Appel, (24d considerably to fuel costs. Of} Gerdenich Realty Co. — 5301/the recent advancements in heat-| Cornelius Ave, ; |ing units convectors are among! Hall-Hottel Co.—Lot 121 in the most economical. | |Canterbury addition, lots 21 and| to 1 to |22 at Nordleigh and 58th Sts, 715, 7 Are SWift to respond to N. Sherman Drive and 2851 Suth. thérmostatic control and, in addierland Ave {tion, may be provided with manEw g ually operated damper controls {Fred T. Hill—8484 Park Ave. ni or 0 mnauiate the flow of heat’ [8 cross deal with Walt -Veon yes ger eomrort requirements, | {Realty Co., 2102 E. 65th St. and, {lot 184 in N. Butler Terrace addil-

; L tion. : ; a sR en eR abet Re aR ahog cies i lw La wa, oc A aed Vo vtoraRy XO Sarva mt av a Oy pe this year to $7.46 billion, 44 per (28 architectural - adviser for the and ot io FR WATER SOFTENER : t : . {1851 Indianapolis Home Show. | ’ : 1 : an ght than the same period The appointment was made by | Forest B. Kellogg--4254-56 Fair- d SAVE ai eT. Private construction is up ng| Richard C. Lennox, president of |view Terrace. : L an + of television sof ai Ae Sh | the show, : | John Lookabill -- 1031, 1035, . per cent to $4.3. billion; public chat nin] 3 o A0N0, | works, up 13 per cent to $3.1 bil-| Selection. ~ of {1039, 1043, 1047, 1051, 1055, 1059, 14-Day Free Trial lion; federal works, up 21 per the pues Ibo : {1063 and 1067 N. Somerset Ave. ‘ : cent to $864 million, and state [EMRE SOL 1 | Bruce ‘Savage Co.--B31 Berkley | SAVINGS of 12% . and municipal up-11 per cent tol 0 SodES Tong, 3 |Rd., 4802 Washington Blvd, 4732] = oo Th : pc Ra OR. pa pk Be ode A) M1) 40 4 AAA IF gon I Bh 9 BS i 5 AE i The publication reported state| °Pen to archl- “8 F 1 ea Se Newil ON THE © ‘and municipal bond sales totaled | tots: designers, EL pcraoY ar. Sap x. oan ot, AI COSTS OF p |draftsmen or § W. 60th St., 24290 Baur Dr. and|

$52 million for the week ending Aug. 14, most of which was for public housing. But for the 33

{architectural students in the

& |property at the northeast corner {of 43d and N. Meridian Sts.

last year to $481 million. Public|

awards will se-

weeks, financing for public hous-| “= a DF. Len S ing was down T per cent from A jury of : Mr, Bishop

in| a cross-sale with American EsHftaten Co. ! F. C. Tucker Co.——3526 Janet

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works was up to $1.3 billion for| the year thus far. |

‘Chain’ Selling | Marks Pre-Fall = Rush to Shelter |

RESIDENTIAL “chain” sales are breaking out like mid-August heat rashes. The. sales are indicative of the! annual pre-fall shift into shelter by Hoosiers here: | Among such transactions re-| ported, a three-way home sale was recorded last week by Bonnie E. Britan, broker, formerly associated with the Bruce Savage Co, ‘Homes sold through exclusive advertising in this section were at 624 N. Rural St, 618 Eastern Ave. and 7301 E. 21st St. All were sold at the beginning of the month by Mrs. Britan.

» ” » = FIRST transaction involved the purchase of the Rural St. residence of Mr. and Mrs. George Wendling of Beech Grove. The house was sold by Mr. and Mrs. Herman Brothers. Mr. Wendling is supervisor of shipping with

_ —""Bowes Seal Fast Corp., while Mr,

Brothers is with the U. 8. Rubber Co

The Brothers purchased the home of Mr. and Mrs. Charles Eberle on Eastern Ave. Then the ‘ Eberles purchased the E. 21st St. residence from Mr. afd Mrs. Aage

Jorg Eberle 1s

in the ppultry 'genns Moved to

|Drive., 3524-26 Robson St., 51 W./| {58th St., a double at 3301 8. Rans-| an xigna oll Bong por [dail St. and 6021 Crittenden Ave. | signs must be submitted by Nov, |and 3920 E. 58th St. in cross-sales | 15 with winners named on Dec. 1, With Robert E. Walker, Mr. Lennox said. ) Walt Veon Co.-2225 E. 38th

lect the winner and three also-

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Members of the awards jury St. 5718 Brouse St., 1802-4 Park are John Normile, architectural!| Ave. 1608 Northwood and 5551 ditor of Better Homes & GAr- yaverford Ave. = dens magazine; Donald E, Comp- | ’ AY Y ton, president of the Society of! Ford V. Woods Co. — 3914-18 Indiana Architects; M. L. Hal, Ruckle Ave. . president of the Marion County ANE TE Residential. Builders, Inc; A. C. Slate Last 1950 Dallas Crandall, vice president of the . Indianapolis Power & Light Co. Real Estate Seminar and chairman of the General Plan The last 1950 seminar in “Prinand Model House Committee of ciples of Real-Estate Managethe Home Show, and J. Frank ment” will be held in Dallas, Tex., Cantwell, managing director of | fpom Sept. 18 to 22. the show. : _ | The five-day lecture course, a . {preparation for certified property Construction Awards | manager title, is sponsored by the Institute of Real Estate ManageSet Monthly Record |i age NEW YORK, Aug. 19 (UP)-—| Co-sponsors in the Texas class Construction contract awards in are the Institute chapter and the real estate board in Dallas.

The New Method of

ous all-time monthly record! Roach Control § of $1,350,496,000 set in April of] Go FHA. Termé this year, F. W. Dodge Corp. (J Why befher with messy powder when 492 § Payments as Low as $5.50 } construction news and marketing | luid, brushed around just where it Is § Per Month —35 Months specialists, revealed today. | atid, kills roaches, i ahi “- : The July total was 6 per cent! crawling insects effec clive - higher than June's. $1,345,463,000 | many weeks. Invisible, odorless and stain- Easy Soft Water, Inc. figure, and 51 per cent greater § M3, 4-9-2 kills roaches the sanitary, quick 2035 E. 46th than the July 1949 total, accord- § and sure way. 4.9.2 is a professional in- HI. 7521 ing to the Dodge firm. (J secticide packed with power fo kill. - For the first seven months of! 1 1 {1950 construction contract awards, Atm Exteminating bo. al Evenings, Holidays totaled $8,274,320,000 which was J Fxlerminateis of Rate Mice. Moths | ond § : {53 per cent greater than the cor-| AVE. LI-7458 HU. &8

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Goode report last three w lotz and one Lot sales b salesmen inc 80 acres in Je house at 218 The exchange

Homer L. Ms

Hudson. ~ Other lot a at 424 and 1] Robert F, ar

- Earl L. and ]

two-acre trac son Ave. fo Wayne Hill, Greenwood | for Leo and } A. and Isabel Jim Moore

Chester St. Robert J. an to Edgar Rul The sales | property at 5 sold for Edg head to Harr Shutt; 25 N., ] T. and Mary Straub; 2725 Lawheads to and Marian J tier Place in bert and Mab

- Yoder, and 2

Homer L. Ma and Gladys MN

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