Indianapolis Times, Indianapolis, Marion County, 17 September 1950 — Page 51

ce and an econ two hours after

4 'ohnson County 135.) Co. and Under Van DerMoere,. ve. Internation-

et, - 2110 W,_

ers are Carl A, irg, Ind., Interr Co.; John and R. 6, Box 266, 'o.; George and 38 . W. Michigan 0.; James and

, T444 N. Ral-’

e Brown of Acased a home; ith Kirkpatrick, istration; HoEvans, N. atfield Electric; ys Moffatt, 5855

* idea also api Mrs. Marcum, ractor; Donald Madison Ave, ngineer; Martin M. . Bell, 177C idall Town, Luss; Harold and Woodlawn Ave, \d Polishing Co, r Owners rere George and J0 E. North St.; Vanda Shelby, am Sumner, 530 ge and Marion [ichigan St., El

evelyn Weston, RCA employee; lys Harris, 2240 alph A. Schafe, ton St.; Walter iltsee, 649 Bu- | A. and Helen sville, Veterans

Dorothy P. Dealing St., RCA » E. and Betty W. Naomi Ruth K. Anderd Rosemary T. rshing St., Link

nd Anna Lou s St.,, New York e; Arnold’ and R. 8, Box 683 3, 2026 W. Veres W. Brown, ve.; Robert and

nna Little, 241 mmercial Towel Co.; James and ) E. Terrace St., nstruction Co.; 24 W. Epler St., . n

pS ——————

a a ... OT ag eB

St;

SUNDAY, SEPT. 17, 1950

~ |. Outlook for '50 Brightens

i ‘ { ctors, a special pany. of IndiMarket Street, sday, October of considering erge and conliana National polis, State of , States shall be \ { voting upon | consolidation proved by the lianapolis and National Bank le at the Bank SS, Secretory | ee — : LT SE A | | {. gs *

In Home Building Industry

Shutdown Order Appears Unlikely;

Supply Picture Not as Dark ‘as Feared

WASHINGTON, Sept. 14 ginning to take a less anxious vi ness economy, : A few weeks ago, told that house building, exce was out for the duration. Now they're expecting the administration will encourage fairly. high rate of construction i a Sr

.. starts t year totaled about

050,000. This —eompares—with~Y}=

025,000 houses started in 1949, an all-time record. Even with the credit and supply troubles created by the Korean War, builders expect theri 1950 output to reach 1,250,000. " Tréade

representatives who've

"talked “with the President's ec on-

omic advisers and with commerce department’ officials sav thet ve gathered the impression that a 1951 output of 750,000 to 900 000 houses is possible, The official attitude is: build all the houses you can, consistent with the war needs and with the necessity of control inflation. Many Items Scarce Many building items are scarce. Among them are lumber, cement, brick, sofl pipe and gypsum hoard. But part of the shortage is laid to scare buying, strikes as in the cement industry, a scarcitv of hox cars, and a general failure of the building supply industry to anticipate 1950 requirements. A commerce department report takes the view that the building supply picture is not as dark as recently painted. For instance, lumber production this year is expected to be 40 billilon board feet-—largest since 1916. Western and northern pine are now coming from the mills faster than shipments or current orders. Douglas fir production is above shipments but below orders. Southern hardwood is behind the rates of shipment, and southern pine is behind both shipments and orders. Military requireménts for lumber in the next 10 months. are placed at 1.5 billion board feet, mainly for erating.

Cement production is expected: to be_212 million barrels this

year. The industry, which waited

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The home building industry {a be-| ew of

its future role in the prepared-

builders wouldn't have heen surprised to he! Pt for military and: defense purposes,

“the highest Meanwhile, home buyers face larger down payment problems. The ante-up on VA and FHA financed houses is now five per cent ahove what it was before the war, and either the buyer or the builder must pay above the mortgage all building cost increases occurring since July 1. At the minimum these increases amount to six per cent of the cost of a new house, though

Broad Ripple

x i BE EY

off the fast moving real estate

reserve football ‘coach at Broad Ripple High.

purchased the house from Mrs.

This three-bedroom home at 6262 N. Delaware St. was taken

Coach Buys Home

market by Robert H. Hougham, Mr. Hougham Wanda Westmoreland. The sale

some state them at 10 to 12 per was handled by John Max, of the John Max Realty Co.

cent. The government is standing behind about 50 per cent of all the new house mortgages. Builder representatives here expect the federal reaerve hoard goon will apply the mortgage curbs to privately financed construction.

They also expect government pressure toward smaller, simpler houses. ‘

July was the peak month in new house starts—144.000. August output i8 estimated at 130.-

Cost Accountants Meet Wednesday

The 1950-51 program of the In-

dianapolis chapter of the National Association of Cost Acwill get under way

countants Wednesday 6:15 p. m.

ye Sa Howard CC, :

Greer, vice presi- |

000. As the seasonal downturn dent. of the Mocontinues, building supplies are Non Railroad and expected to exceed current re- Management quirements. consultant of the ere ————————— Kingan and Co. ’ op will open the State Architects session = at the Marott Hotel, To Meet Sept. 30 Subject of lis The Indiana Society of Archi. address will be Mr, Greer

tects has scheduled a meeting in Ft. Wayne on Sept. 30. The month-ends session will fhclude a business meeting, luncheof, a technical meeting, a trip to the office of A. M. Strauss, Ine. and a dinnér to close the day. At the last meeting of the architects in Ft. Wayne, Aug. 19, the application of Raymond Monroe Smith, Mishawaka for junior associate membership” was accepted. The application of Wayne M. Weber, Terre Haute, for corporate aembership also was accepted.

Mild Heating During the changeable weather of May and June heating costs often are surprisingly high. But if you have individual damper or valve controls on your. modern

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considerably by using only enough heat to. take the chill off each room in use.

YOUR CABINETS BUILT to suit your needs

“Accounting Facts and Policy Decisions.” Mr. Greer is consultant for corporations on problems of finance, accounting and administrative control. He served for 10 years as general manager of Kingan and Co. and is now director and consultant of the firm. He is also a director and vice president of the Chicago, Indianapolis and Louisville Railway Co. and financial adviser to other firms in the fields of synthetic fibers and industrial rubber goods,

Government, Industry. To Discuss Building

Times Special WASHINGTON, Sept. 16 Tn dustry-government meetings, designed to chart the future of home building, will take place in leading cities Sept. 18-22. Sponsored bv affiliated local chapters of the 17,000-membar National Association of Home Builders, the meeting will permit an exchange of information on all factors of new housing under present conditions.

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Lumber Leads Cost Increases

Times Special NEW YORK, Sept. 16 Wild lumber price rises have raised hazic costs to contractors and builaers by 1.7 to 2.5 per cent in the past month, and 10 to 11.5 per cent in the past vear, Engi

neering News Record reported todav. For the first time in five months.

labor rates have stabilized pretty

well under the new agreements. For the 20 cities covered by ENR cost indexes, wage rates show no increase at all this month for common labor and only a 0.4 per cent rise in skilled.

Cement is up only 0.1 per cent

and mill prices for structural steel are unchanged. This puts the entire burden of the increase

in the cost index on lumber, with fir 2x42 up a.1 cent the month, pine up 11.2 per cent,

per for

Farms Lack Baths

I.esz than one-half of the nation's more than 4 million farm homes have baths and only half of the rooms are heated, a recent Minneapolis-Honeywell Regulator Co. survey revealed. However, the study indicated that the results of a 10-year electrification program... has brought electricity to 75 per cent of these homes, openIng an untapped market for manufacturers of automatic equipment and home apphances,

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| THE ANDI AOL TES North Side Sales Again Near Million

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Last Week's Mark Near Year's High (Continued from Page 49).

Park Ave, 1838 Holloway Ave, 3824 Ridgeview Dr.

John Lookabill St, 3656 W, .11th St., 3660 W 11 any W.. llth, St,

RE IRE gar ;

3667 W. 11th St, 3708-10 E. 34th &t, R. E. Peckham 21 and 23 and 27 W. 28th St. in a cross sale with Walt Veon, Harry L. Robbins Realty Co. Lot at lots at 8300 N. Meridian St, tract at 8700 N, Illinois St. Bruce SKavage Co.--2911 Ave. 33 E. 55th St., 8934 Central Ave, in a cross sale with Jack C. Carr, 2863 Questend Dr., Conaroe Rd. and 80th 8t., 325 E. 36th 8t,. in a cross sale with F. 8. Tucker, 219-21 N, Randolph St., 6410 Allisonville Rd.

an -t)

“The Spann Co., Inc 869 Edgemont St, 1315 Pershing Ave 2423 N.. Talbot Ave, 3709 N. Parker Ave. Walt Veon Co. 4229 N. ford 8&f. 5530 Winthrop lodge 11Rth St E. 653th 8t.,

OxAve,

2213

« wo

3650 W. 11th!

3660 W. 11th St. 3663 W. ‘11th

7600 N. Meridian St., two |

Park |

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1-Floor House Roomy,

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A875 Brouse “Ave. in a cross gale All Space Needed

with F. (“ZTucker (Co . Ford Woods & Co. 321 8, Fleming St. 3215 Woodrow Ave,

R024 Haverford Ave. 9100 Wesat-

field Rivd, 5245 Cornelius Ave, |

‘Open Road’ Program An “open road” program on ‘Our Living Declaration of Independence’ has been scheduled for the Rotary meeting Tuesday noon in the Claypool Hotel. J. Joseph Pierson, Indianapolis Chamber of Commerce, will head the pro gram.

Ad Club Opens Season

The. Advertising Club of Indianapolis will open its fall season Thursday noon at the Indianapolis Athletic Club. Lionel B. Moses, vice president of Parade Publication, Chicago, will speak on “War Jitters and Advertising Jitters.”

COVER FLAMMABLE LIQUID If flammable liquid is used in

or around the home, keep it in

covered galvanized” steel oil or gasoline cans to minimize danger of fire,

You owe yourself the advantages offered in the new

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» ” » THE kitchen is almost square” and opens directly

into the din-

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Name

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Serr anans

' PAGE 51

Vom

first set..$5.00 Mow many?

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PANINI RNIIT ITI NNI ARAN ARARII NEES

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ing room and the utility room. This latter room is unique in a house. so small It is long and and provides ample laundry washIng machine,

narrow

room for tubs, or a completely automatic laundry. The

‘service entrance opens into this

new

room, Inasmuch as this house has

no basement and is only one

story high, all of the work areas are conveniently located, » » ~

~ THE TWO bedrooms are large and both have cross vent{lation. The bathroom is situated in between these two rooms and the tub could be placed the long. way rather than as shown in the plan, provided a sliding door was used. As you will note by the floor plan, sliding doors are used in both of the ward-

SATB BN LENNIE RARER I ANNAN Ra

oo Btate iiiiiiiiee “heck or Money Order and 8 Times, Indianapolis 9

tesserae

rooms and in the coat closet off the living room. The use uf these sliding doors the usually occupied by of the hinged door, This little home really should be nicknamed the “Economy House" because it does provide for an unusual amount of cone venient living for a very low construction cost,

recaptures waste Space

the swing

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