Indianapolis Times, Indianapolis, Marion County, 29 October 1950 — Page 45

Rosemarie

iter of Mr. and is, 928 Garfield

Li mn ——

STRING

a ee BS

is

“almost off the market. And some | help.

- pettled.

less Hoosier, They're saying simply,

3 a

The Week in Business— Labor Shortage rowing Worse Skilled Labor Almost Gone; War Orders Begin to Move By HAROLD H. HARTLEY, Times Business Editor THERE NO LONGER is any guessing about business. The big defense wheels have begun to turn. And they'll our way of living. 2

4 | “War orders” are passing out.of the planning stage. | They are beginning to move out into the factories. And

_some plants can't handle them. They'll build additions with

e guarantee of a quick depreclation write-off. {lathe and we'll teach him how The worst bottleneck on the/to run it.” { way is the steady tightening of] And that seems to be the an-| manpower, and womanpower. |swer, Industry will have to train] In Indianapolis, skilled labor 18|its new workers, credte skilled! If it doesn't, there

0f Convention

t ment will be told at a two-day |

Suing Uy To Be Subject

. National C. of C. Sponsors Parley On Redevelopment

Times Special WASHINGTON, Oct. 28— Sprucing up a city into a smoothfunctioning, healthful community is- more complicated than a statistical computing machine. - City planners just don’t have a mechanical * slide' rale. Besides they're shuffiing human figures, not abstract ones. | — But what progress has been] made toward urban redevelop-

poor

i

plants are luring tool mdkers pe enough. to go around b ’ ho . usinessman’s conference on Ur- a i and draftsmen from other metal-l And said one employmen{ pan Problems here next month. Working industries. authority, “Where Chrysler's] The idea behind the meeting

Strafigely, I .am told, struck going to get the skilled help to] International Harvester is actu- man its new plant ‘sn the East] ally trying to get its striking Side, I don't know.” { employees temporary jobs in| The Allison plant at the be- | other plants. {ginning of World War II set up|

Some have gone to Allison. training stations in corners here|

They like it there so well, they and there to build its own corps| threaten to stay, leaving IH out|of skilled workers. i in the cold when the strike is! The light work plants, such as| : [RCA and Mallory’s, have mopped Engine lathe and turret lathe up the supply of household help. workers are hardest to get. One|But there still are plenty of day | manufacturer said, “Send me any-| workers, The rate is $5 and car-|

one who has ever seen a turreticare, | . The other three government moves which Triple Trouble will change our ways of living in the next, few months are higher taxes, materials controls, and tighter credit.| This is how it will work. Taxes will be increased until the people have to check buying. They won't be able to afford the hard goods luxuries on which they have been having a fling. In the same movement withj—m—r—————"—| taxes will be materials allocations down payments on. hard goods, | which the average citizen may too and ‘extend the items covered. It| quickly throw over his shoulder. [can freeze department store credit, This means a cutback in cars, and make the people accumulate washers, television sets, ranges, enough cash to pay the higher hot water tanks, ironers —any- taxes. ? thing fnade of steel. This is a| What the consumers are asking, very real control, and it is com- as well as retailers and manufast. - |facturers, is whether all.of the Last is the extension of credit controls, as severe as they are, controls themselves. While they and can be, are necessary. seem tight now, they still do notj And some hard-collar, old cover everything which uses school business men are predictessential metals. v ing openly that the get-ready-to-The Federal Reserve, which acts fight Russia program is a scheme without much warning, can, with to shove the welfare state down| the stroke of the hand, increase the throats of the people.

South with the Sun Travel agents are whispering

their winter magic to the rest“It's going to be cold up here.” go-away tickets in the path of

i

And with that they're selling

h . ' : * The big play. for the tourist this winter is expected to be the and nd rains her aver bureau now in ; 0 A n 1S. Fans Cras ehh /{the Board of Trade building, will In the cold months, touristsiboat it or fly far below Florida turn their backs on Europe, head at an average per ticket rate of south where it's warm. This/about $1000, which doesn’t count means they'll give South America what you'll throw around, or a big play. > |squander on tourist trinkets. But don’t forget the sunlands| The airiiies are bidding for of Florida and the Southwest, business. And there's Sun Valley Arizona, New Mexico and Cafi-\now luring the bird and game fornia. They'll lure their share of hunters and rechristening itself the tourist take. for the time as “Gun Valley.”

And on the way, thousands will, Later it will offer up in allur-|

sponsored by the U, 8. Chamber

The now Brownsburg housing project will have houses similar to this Gunnison colony in the 2200 block St. Paul St.

Pa = z ‘ or

.

of Commerce is to help those starting the rocky road to redevelopment. The parley will be held Nov. 20-21. .

McCord On Program Leading an important panel discussion on urban “clean-up” will |=. be Paul L. McCord, Indianapolis relator and president of that eity’s | redevelopment commission. In a pre-conference statement; Mr. McCord praised the enactment of the Housing Act of 1949, providing federal funds to stimulate interest in large-scale com-

Look Out Below

“¥'tie voice of big construction in Indiana has a control's frog in its throat. It toned down last month before government building bans came out. It’]l have a real case of controls laryngitis by next

munity improvement. - spring. ; But, he added, there are many This was reflected in problems to overcome before cbntract awards tabulated plans become reality in concrete last week by the F. W, and timber. Dodge Corp, marketing’

“Communities working on their initial projects are discovering that projects are far more com-. plex in fact than in theory,” he

specialists. Bad weather put part of the damper on construction, but it won’t be the

said. “How much and how long barrier when building the international situation will thaws next spring. Buildforestall actual demolition and ers and realtors pointed to construction is of minor im-/= controls instead.

posance until these preliminary = problems can be solved.” !

Blazing the Trail

He pointed out there is no big redevelopment among 200 cities working on specific plans because of initial problems of planning,! co-ordination legal trail-blazing, = - relocation of displaced families. Spokesmen of these cities now! moving toward redevelopment “will provide valuable guidance” for others starting now, he said. | Meanwhile, in Mr. McCord's! home town, the Housing Authority | of Indianapolis has launched al public relations campaign to show critics how low-rent housing willl develop. i The first bulletin explained financing of low-rental projects is not a subsidized program, but’ all! loans, federal and private, are! repaid through rents accrued

Dodge reported construction awards last month totaled $30 million, 33 per = cent less than in August, but 3 per cent ahead of September, 1949. Residential contracts of $11 million in September were 49 per cent lower than August and 4 per cent below the ninth month last year. Non-residential awards dipped 39 per cent last month from August work. Construction total through September, however, continued far beyond similar work last year, Hoosier builders have begun $287 million worth of construction, 56 per cent above the total a year ago this time.

after the housing is up. | 5

Another ‘Deluxer’ For North Side

Land Sales Feature Associated Report

suburban subdivision spurred activity in North 8ide sales lists] last week. It produced the top transaction by Associated North Side Real-| tors for the week ending Oct. 21.| In fact, land sales injected briskness to the weekly report. They accounted for 12 of the 42 property transactions, added umphh to the $479,950 volume recorded. The in-county colony will go up on 35 acres south of 79th St. west of Rd. 29. It will be a |custom-built project with tracts] going to individual home-builders.| The property was purchased by, [Realtor C. F. Bailey from Otis Pratt, bailiff in Marion County! |Circuit Court. Trasaction was {negotiated by Ed Herrold of the {Ford V. Woods Co. and Realtor Crawford Mott. Mr. Bailey disclosed the first |section of 12 acres will be sub-| |divided into tracts from one-half] {to ong acre, spacious enough for| {dwellings in the $12,000-$15,000 range. Lots will be surveyed {by Engineer Herb Bloemker. | This development will be simi-

" Zllar to Hamilton Highlands, a 40-

: acre subdivision sold to 28 home {builders by Mr. Bailey since last April. This colony is on 106th St. (west of Rd. 431. | The other land sales involved, individual lots in scattered real s|estate additions and 2; acres sold near Zionsville by Russell

Real Estate—

Investment in Home Called

Straws

stop off at Las Vegas, Nev, roar-|ing advertisements its winter

ing Reno, and if they venture into the palaces of chance, that may be as far as they get. { Few come out with their skins when they buck the ‘cold percentages of e¢ romping dice and| spinning ¥arble. } The wisest money, I am told| by Lorene Gausepohl Baier, who

Sucker Street. This is Las Vegas' famed Fremont St. looking toward the Union Pacific station. The lights burn from dusk to * dawn and unwary tourists get their pockets cleaned.

precinct workers

‘And’ if candidates want them to work, they pay on the line, in cash. ’

{ CAROLINE SONTAG, on the Bonds,

info desk at Block’s while the teachers were in town, tells me

they went heavy for hats, neat), ,s..q little numbers, $5 to $8, in velve- holge and in flamingo

tine or knit, shade, that’s burnt orange. : THE WOOL HOWL has been

based on imported. But domestic

wools are now moving up, expect to hit a peak this fall. That's defense orders. The Army doesn't ‘buy the fancy kind. ; , SOUND SCRIBER won a fashfon award from the electrical manufacturing industry. Jack M. Burridge, American Business Ma‘ehines Corp., reports that DuPont 300 Scribers equipped to plug auto cigar lighters, Salesmen while its fresh in mind,

has into

. - . Political candidates and office holders are worried about campaign costs. Television is hitting vote-coaxing ‘budgets. So is the price of and polls watchers. Candidates {ised to be able to get workers with the promise of a job. That doesn’t go today. Former workers already have jobs,

sports, heated swimming pools in the snow belt, and heady cocktails served to you on tables at the edge of the ice by waiters on skates. | It's a going-places winter,

By Times Real Estate Editor

|against inflation.’

\maybe the last fling before taxes The house, with the mortgage in the bank or bedpost, defeats| take most of the travel out of Zoverpment edicts proclaiming credit curbs as one way to halt'yant» and adroit

budgets. {“inflationary pressures” in housing.

Key Hedge Against Inflation -

INVESTMENT in home ownership is one of the best hedges Ereber & Reilly

Fortune Jr. | The North Side list, submitted

tion by Chairman Warren M. At(Continued From Page 46, Col. 8)

Lee Crouch Joins

3 {“policy” on inflation.

| ,A combination of “self-employ-| salesmanship

produced the fourth realty sales-

Just ask the man who owns’ ne. - "| in. terms of the purchasing |. It isn’t inflationary to him. It’s; power of 1950 dollars would be security in big, bright neon. | worth $5880,” Dean Weimer EE | weote. ¢

Oi

estate board, although it could ing today? easily be, and ‘it’s not from a “iy home-builder, although it could Seal 'Em Up easily be, : It's from a comparison of in-| vestment in debt obligations, like government bonds, |

shares. { The comparison comes from fillet strips where walls join. Dean Arthur M. Weimer of In-| diana University's business (Continued. From Page 486, Col. 5 school. a mmm ee om Writing in. the current~ dealer newsletter, National Homes Heads Trade Group News, Dean Weimer shows what!

in bonds and houses 10 years ago.) “1t' one had invested $4500 . in. government savings bonds in 1940, he would have today a total of $6000. In actual purchasing power, however, after | ~~ ET a sdjusting for price level On the Inside changes, he would have only | $3490. : “By contrast, if one had purchased a house for $4500 in 1940, it would be worth ap- | proximately $10,000 today and

{annual Council meeting.

livestock and grain “I and J. A. Livingston's

| business section.

| 7 OF THE $170 BILLION nest ; ~~ on legg Americans have in U. 8. : savings, and insurance, the biggest chunk, $50.2 billions is owned by 80 million policy

8S. H. ARNOLT, president of the # Climax Machinery Co., has appointed J, Howard Patton plant manager, “and Robert 8. Miller sales manager. KIEFER-STEWART CO. will| show its 1051 line of Gibson re-| J frigerators ranges and freezers, Nov. 1 to 4. ‘ Al HOTTEST INTEREST

in the Nov. 7 elections lies » TE Sa . : among the control-shackled | 77 2306 N. Dearborn St. ro

automobile salesmen. Two out - of - town residences a Brakes pr Syed and an Kast Side property Shecks, a topped current sales for three

: : BS. a : A home in Brightwood was help of the “one-man”. realty Ar0l8. Hips iey 2 he " - “actions handled by Realtor Mr. Jones is.a yard conductor Se———— tap 3 L. Brice last month. . with New York Central lines

RE fe : K

THAT'S not from the reall What's your investment stand-|

| THERE'S a new plastic compound invading the Midwest that 1 may be the answer to crazing ] and invest-igng cracking around tubs, wash-| ment. in, equities or ownership powis, stall showers and--even|

It's called Tub-Kove Sealing|

: today to $4500 invested Mo., was named president of the happened BY $ | Producers’ Council, national build-

|ing products trade: group. He ‘succeeded $ames M. Ashley of Toledo, |0. He heads officers elected at the

. ‘The weekly stock market, reports “Outlook in the Nation’ will be found inside this real estate- ]

Two Out-of-Town Homes, East Side

It was purchased by Mr. and Mrs, Paul Jones from Mr. and, Mrs. James R. Chapel with the

at 121 N, Delaware St. Howard W. Fiebér has announced the appointment of ‘Lee Crouch to the sales force of the organization. Mr. Crouch, a graduate of Manual Training High School, joined the outfit ylafter more than 20 years of sales work in central Indiana. The Indianapolis native has been associated with the Burford

|

|

Mr. Crouch

The move to real estate activity came because of “my sales experi-| ence and the opportunity to be, self-employed,” Mr. Crouch ex-| plained. “My measure of selfemployment will not only determine my income, but will show my ability to produce for home buyer and seller.” | Mr. Crouch plans to take his real estate license examination] next month -at Bedferd. i He is married and lives at 6312] [Central Ave. He is 48,

4 306 E. Main and Mr. Chapel is a soft drink salesman here. * Part of the old McClainHoadley estate in Plainfield, a four-bedroom dwelling of na-. tive timber, was purchased by “Mr. and Mrs. Chester Bryant late last month.

hi fh fo

Plans for another fashionable! |©

for Real Estate Board wmien Safle Controls

week joined other construction{Work Co,

Property Top Week's

Crews are set fo turn Murphy Meadows into a 110-family colony.

U.S. Canadian Prefab Men to Scan Road Ahead

Indiana ‘Man Will Preside at 2-Day Convention in Milwaukee

| Real Estate ii... : * Business ...i......... 4547

ousing Sit New Project

To Shelter 110 Families

Good Homes, Inc, Also Plans Shopping,

Business Centers

By LARRY STILLERMAN By Times Real! Estate Editor

Indiana’s biggest Gunnison

Homes agency yesterday again showed why it heads the Hoosier pre-fab parade here.

Already grossing nearly $1 million annually, Good Homes, Inc, of Indianapolis disclosed plans for a $950,000 housing proj ect in Brownsburg, west side sube urban community. That's topside planning with credit and inflation putting the squeeze on housing in the nation, At the same time Good Homes officials checked : blueprints for 36 more Gunnison pre - fabricated dwellings in the,

Keystone neighborhood. Currently the oldest Gunnison agency is com-3% pleting 55 two and three - bedroom houses in the Southeast Mr. Stillerman Side community. The Brownsburg development will ultimately sheiter 110 families off the Crawfordsville Road in the northeast section of town. Shopping and business centers are also being planned. ? But within the next 10 days,

‘Gunnison crews will start on the

first 25 houses in the suburban project. By December the agency will show the two and three-bed-room models planned there.

Natural Gas Project

It'll be an all-natural gas proj. lect with heating and cooking stemming from automatic gas appliances. Home buyers will also {have all utility tap-ins, blacktop |streets and concrete sidewalks. | The colony, 14 miles from | Monument . Circle, ‘is being de{veloped by Donald E. Gray, president of the Brownsburg Town

Prefabricated home manufacturers will put their ears to the g,..q His Murphy Meadows ad-

ground in Milwaukee, Wis, tomorrow.

dition will be within 10 minutes

’ 7 7 t h tenn They'll hold them there for two days, hoping to hear just what (Continued From Page 47, Col. 6)

the government has in store under the national defense program. More than 70 delegates representing 30 leading home concerns

in 12 states and Canada hope the answers will come from top gov- ———— EE -— {ernment aids at the two-day parley. Lumbermen Seek Besides outlook discussions, the : Prefabricated {Home Manufacturers’ Institute {will cite James IL. and John W. |Pease of Cincin-

Hoosier Dealers Inati, O., for leadership in this

Approve 8-Point Plan fa. They head dealers last/the Pease 10tradesmen in flaying government's Year old BECO | The parley will They urged inflation curbs bylhave a distinct increasing taxes, skillfully con- Indiana flavor,

Indiana lumber

James Price

Representatives ,;o at the southwest corner of

{man last week for Fieber & Reilly, trolling credit and injecting econ-/from four Hoosler pre-fab manu- . real estate firm|omy into government.

facturers will attend, and James R. Price of Lafayette will wield the gavel on the president's rostrum. . = The head of National Homes Corp. will also open the secondday session with a review on progress in home prefabrication and the 1951 outlook.

Weimer to Speak Dean Arthur M: Weimer of Indiana University’s business school Dealers were also urged to Will speak on current trends in “maintain prices at a fair and private housing. William H. reaspnable level . to avoid geheick, ‘executive director of the black and gray markets.” Building Research Advisory

But, most of all, the directors ; sighted Eastward and insisted: Board in Washington, will discuss

That policy topped an eightprogram adopted by directors of the National Retail Lumber Dealers Association at their annual convention. The platform reaffirms dealer outlooks here. To keep construction industry strong, directors also recommended that lumber capacity be in-| creased, making it unnecessary to substract rearmament needs from civilian production.

A. Naughton Lane of St. Louls, printing Co. for the last 16 years. tne government advance a care- design trends for small homes.

fully planned program for the Besides the Institute president, economy “to avoid confusion 1n/National Homes will be representevent the rearmament program is éd by George E. Price and Wilstepped ‘up beyond present sched- liam Shearer. Officials of Gunules.” ‘nison Homes, Inc., of New Albany In his farewell address, 1950 association president, C. B. Sweet of Longview, Wash, said dealers “should conduct our bustness and industry to . . . keep ® controls to a minimum.” | Ft, Wayne, and New Century Associatiori members also were Homes, Inc., of Clinton, will be I represented by Eugene 8. Low(Continued From Page 46, Col. 3) man.

J. O’Brien, F. J. Samerdyke, W. B. jEagles and E. J. Ellingson. William B. F. Hall will repre-

W. 96th St. Mrs. Jane Lenier from Chula + Vista, Cal., purchased a twobedroom Swedish chalet, kennels and 15 acres of ground off 96th St. near Zionsville. Sale was completed Oct. 7. Walter Eaton of Fieber & Reilly assisted Mr. and Mrs.

St., Plainfield The Plainfield barber purchased the property from Mr. and Mrs. Ralph Haggerty of Lockport, ‘Ill. Sale wis handled by Realtor E. B. Thompson and the O'Shea Realty Co. of West Side Community. : &

the Will send Foster Gunnison, John

ent General Industries, Ine., of!

Real Estate S

Ford Training Center Moving

| Columbus - Insurance | Branch Leases Space

| An industrial and g business {branch have new headquarters tos day, a result, of building leases {negotiated by Realtor Art Lamb. | The Ford Motor Co. Training {Center moved from 955 N, Penn{sylvania St. to a one-story struc-

11th St. and Broadway. ~The building, now being renovated, will house schooling activities for more than 500 Hoosier Ford mechanics. It was leased from the E. & I. Realty Corp. for one year with options for renewal, R. R. George is head of the core | poration. . The former Training Head. quarters on Pennsylvania St. will be leased by the Beacon Mutual Indemnity Co. of Columbus, O. The insurance firm will move in by Nov. 1, Mr. Lamb said. The lease was negotiated with Emil Noseda, owner of the structure, and the Sheffield Inn, 958 N, Pennsylvania St. Both leases were signed early this month, Mr. Lamb reported.

Plan 1951 Convention The skyscraper industry of U. 8. and Canada will hold its 1950 convention in Houston, Tex, May 20-24, offices of the National Association of Building Owners and Managers announced yes. terday. More than 1000 delegates are expected at the 44th annual meeting.

ales

near Zionsville

W. Jim Roberts in the transac- - tion. Mr. Roberts heads a gens eral insurance agency in Broad Ripple. E Mrs.. Lenier plans to raise long-haired dachshunds on the kennel-estate overlooking Eagle Creek. ’