Indianapolis Times, Indianapolis, Marion County, 5 November 1950 — Page 41

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-Crening ~of the Vest

Real Estate

Section Four

The Week in rer Election Colors Controls Picture

Stores Making Preparations For Christmas Buying Sizzler

By HAROLD HARTLEY, Times Business Editor TWO BIG EVENTS lie ahead, one at our fingertips, | and one at the tail of the calendar.

i The first is the political color of Tuesday’s election.

The vote verdict will either signal “Go slow” or “Let .her roll” to the boys with itchy hands on the control levers sprouting up like bullrushes along the Potomae. The second is Christmas!

buying. It ying will be a sizzler.| |ploy directly about 1 million. If

Stores know , it's coming. the auto cutback lays these men! They're getting set for-the dizzi- Off, that will mean more trouble. est, maddest swirl of shoppers | And the same goes for the halfthey've ever had. jmillion in the furniture and appliBut it will take a lot of nega-|dnce industries. tive votes to make the Fair Deal! Workers can’t stand a layoff. back up with its Gefefnse- controls In spite of high wages, from an program. ‘'average of $1.019 per hour in 1944 These things are sure, as of to $1.48 this year, they have less

today. There will, be a ‘steel cut- real wages. back in new cars of about 25 per tr weal cent, maybe 50 per cent. And Their, weekly. fay ‘emvelopes

have bounced from an average

steel will smack appliances right | 46 08 to $60.53. But when ad-

in the middle of the production

lines. ve : ’ their real wage (buying rower) Regulation X is the mystery facior. It's had some effect on has actually dropped from $46.08

to $43.70. Those figures mean workers have little or no money laid by. Otherwise they wouldn't have got on the hook for $21 billion “in credit buying. The real difference, of course, lies in their loss of war overtime, 5.3 hours per week.

housing. But the big fear is that it will have too much effect too soon. Here's why: The construction industry employs 2.6 million, If they get out of work before the defense program-takes hold, there will ‘he a drop in employment.

That's serious. * Ask any department June in November 7, thie are some. first word nell mention will be “weather.” And last ‘week the stores had a bad seige of it. When the calendar ran through the end of October it flipped back to the June page for a day or two. Temperature hit 83, no time to think of warm winter coats. But you can’t kid the calendar or the seasons. Like a. rocking boat, they right themselves. By the end of the week, the November snow was in the air. And men and women were grabbing top coats, and wished they had something even warmer.

store man and the

money, they'll spend it for what they can get. Two items are going “soft.” which means the stampede has slowed. They are cars and lumber. Reg. W-2 did it to cars, that and forthcoming new models in the next two months. it to

justed to the higher cost of living"

3

~The Indianapolis “Times

. SUNDAY, NOVEMBER 5, 1950 .-

‘With My Eaves Wide Open,’

| EE |

materials use.

x

Bann

More air and light . . . another Southwest Research Institute | The automobile factories em-| dwelling near Washington, D. C., offering top living with minimum

;

World War Ill house . . . this quality house near Syracuse. N. Y., is the contemporary styling called the key to saving short materials.

War Emergency Dwelling Hitting Production Line

Contemporary House Called Possible Solution to Material Shortage Problem

The war emergency house is hitting the production line.

It's not a pre

of living space,

Some have labeled this type ‘dwelling the

fab, but could easily be. It's the contemporary dwelling ‘with lots of windows. and lots *

‘fish bowl.”

But the Southwest Research Institute contended last week this

One deparfment store execu- And Regulation Xx did : tive, whose judgment I respect lumber. Builders aren't putting type house may be the Soliton a lot, described sales perfectly. their money into lumber when '© problems of materia or He’said, “We're in a period of di- they don’t know the conditions age. ee : gestion.” under which they will build in the 1c THe BS rior er By t 3 spri es ) e wit 0 ‘ 3v that he meant that péople spring fhe style is attracting moré and

Put this on your cuff: As civilian production drops, defense production will rise. By next June fit

who'd been stockpiling a little, were begining to use up what they'd bought, creating a down:

more buyers. It's the fashionable answer to shelter today despite credit curbs garbed”. ‘to trimming

pull on sales. should be rolling at thé rate of _, i. ..4 jess #oncerned with ‘There should be an upswing in £15 2 billion a year faster than it is Hs ratute ; material soft goods. That means people now. shortages. :

agafh are going to ‘buy things to, So hold your hat. Or better yet, wear. If there are shortages in the

hard goods, and the people have too.

Tho Downtown Committee of the Real Estate Buy-cycle Board threw the department store properties jn the scales last week to see what they meant to downtown Propefty values.

buy a new one. They'll be higher,

Some in State Seyeral stvles of this have nestled already in Indiana; “but not extensively. This

contemporary design. - is “steadily growing in ‘popularity rubbed some “realty experience

They found out plerity, They first deseribed a deparimeit store yng acceptance’ according to—€.0onto-a bachelor’s degree in real

the Institute is a principal stimalator - of - contemporary planning in the country. Its chief functien is to mold ideas and planning of architects and builders toward the contemporary house. The contemporary program was founded three years ago and is supported by such manufacturing ' outfits as Revere Copper Brass, Inc; and the Crane Co.

house John Scudder Jr.

Joins Atkinson

Atkinson ~ & Co. last

as one carrying a general line of apparel, such as coats. sults, dresses won director of the Quality estate.

Roce Sh curtains, drap. You “don't see exén half of the eres. plus housewares spn Sr ies But they. were amazed athe marking, Am wrapping. ment store roof. adverti#ing, office work, wareL. H. Lewis, chairman of "the housing, etc. committee, reported that his com- Some stores tun their own. *resmittee was unable to report total faurants, “fur departments and’

items, but estimated that a store storage, appliance .repair, gift may carry as many as 10.000 wrapping, parcel checking and items in housewares, ang 12,000 accommodation desk services, in cosmetics, which cash checks, accept pay-

ments on utility bills, sell money orders and U. 8S. Savings Bonds. Christmas help is—trained—to-work-through the rush

The Consumer Audit Bureau, which” made. 30,000 .interviews, found-that 41 pér cent-of department —store—shoppers—are—in—the

And almost as soon-as you turn your back, tne windows bloom!’ in the sharp - tangy colors of autumn. And that’s the buy-cycle we all ride—and love it.

apolis department stores employed .more than 7000 regularly and about 10,000 at Christmas time. And that the big stores have more® than 700 different types of jobs.

Food stores are loadin “Shelves with the ~Axin And they're loosening up the pipelines for sweet and Irish for the eat-

for the turkey go the squash, cabbage and potatoes,

House division of the Institute; “Builders and their architects are finding ready marketability for contemporary. houses that em-

The. first brush with practical learning in home buying and sell-. ing “canre for”

brace new ideas and convenience John Scudder in their design,” he said. Ly His Print ; appoint- & And those ideas call for more ment_to the sales 3

‘open “planting” in arrangement of rooms; frequent use of wood, ‘stone and brick finishes instead of conventional plaster: large windows that result in tieing the interior of the house with outdoor

sgarden and lawn.

“In. addition. use of simple

house puts less drain on many

-He—pointed—out contemporary o

houses of this design may ‘easily | become the best answer to erecting quality dwellings’ of tractive character during emer‘gency building. cohditions.” T.ocal builders frowried on thé

ventional brick-—or wood siding and plaster. : Builders,

like Ford” V. Woods,

ingest season of the year. " Big trouble is that with four the two drumsticks, although the handle oné all alone. The industry has tampered with the breeding of -four- legged fowl but got. .lost 1n the jungle of genetics. During the World War II down

“TR Texas they “Degan “to breed” . tom turkeys so large they looked

as if they had been crossed with ostriches. When the war was over

they were stuck with them. 8tores - tried to -sell them in halves, but even that was too

much for the average »family. The super-birds were bred for Army meat. And there the bigger the bird, the better. The big turkey raisers finally found an out. It was the hotel trade. And to this day you'll find turkey, roasted, creamed, “turkey wings on toast,” any way imag-

_inable, so long as it gets rid of

the turkey, on hotel menus. Cranberries will be plentiful, and they're a fooler for the young fry. They look pretty, dress up

Straws .

lift.

or five children, they all yell for legs are so big no youngster can

&

the dinner plate; but are too tart: fof fender voung taste buds.

“Pork s stir wadding to rare

ket. But théF¥eé's no distress of BUPPIY. THe Meat TASTUTe, THAT's” the organization of packers, is doing all in its power to keep the prices up and Keep the farmers from running down to the U. Treasury for.a bag of swag. The Meat Institute is going to try to show that private enterprise can handle ithe big pork crop. The packers are bearing, down on “their advertising, show-" ing how good pork tan be and in how many ways it can be used.

The coffee people are in “dutch.” . Housewives are rebelling against prices, some shifting to tea. And .there's a move on |}

to leave it onthe ‘shelves until prices come dowh.

The turn in weather is expected to give the fur trade Skin coats,

capes, chokers are higher, but

they also are one .thing Regulation X didn’t touch.

good used car, from $600 to $900.

Average prices for average people are about as mugh as a fairly

And some of the girls are getting

their charge accoufits, and payment plans‘ fur-trimmed just in case

there's a credit crackdown. AMERICAN KITCHENS, made in Connersville, gave diplomas to 30 distributors and salesmen after, a three-day skull session on the bome grounds. ~ GRANT TAGGART, of Cowley, Wyo., who hit the pages of Fortune. Magazine, will be one of the speakers on the Caravan Sales Congress of Indiana insurance underwriters in March. A long ‘way off but, I'm told, worth walt: ‘ing for. THE DUTCH ‘are going alter the low-priced tourist business

with two. new, boats, the Ryndam ‘Hear Harold Hartley x mith “The Human Side of Business” o

"WISH at 8 p. m. today. ©

and Maasdam, to be floated in 1951 and 1952. They'll carry S500 each with two-thirds of them in two- berth rooms. A TWO-EVENING tell.all séssion for heating and refrigeration controls will be held in.the Antlers Hotel. Nov." 16 and 17, by Penn Electric Switch Co. of Goshen. Eleven Indianapolis firms will send “students.” THE PRICE OF book matches has hit political candidates. That's why so many of them are slipping you-a card instead of a light. .

day by

and-chairman of"

over-$100-a-week . class, 37 per And that’s no sooner over un- ; cent were in the $60-t0-$100 til the late winter clearances items that. may become short if group” ‘and 25 per-cent were under come. Then Spring with its bud- the: Korean: war..spreads,” Mr. $¢ 3 ding windows, and summer with Smith said. ~ 4 Other figures said that Indian- its airy cottons. May Be Answer

WIRAoW- WATT TEPTICIHE tie con="HoR-0L-Japan-during4046--

department

of the realty-build-ing firm was announced yesterWarren iif Atkinson, company leader

Mr. Scudder ‘building materials in this stvle , .qiqted North Side Realtors.

Mr. Scudder, who obtained his

degree in real estate from Indiana’ University ‘Tast June,

isan Indianapolis native. He is 23 and was schooled in Ft. Wayne,

r.- Scudder has worked in office sales for- the Cinder Block & . Material Co. here. He is a World War 1i veteran, ‘having served with the famed 1st

‘Cavalry -Division—in-the-eceupa—

hunters

£1 500.

.ciated members.

iruff Place,

week

“organization,

sold during all of 1949,

Builders, Archi ‘Quality-In-Housing’ Go

=

.

7%

nN) Lists 62 Sales

> Despite Curbs

$915,500 Figure Biggest Week Since Aug. 12

Despite home-buying credit

% controls and home-building confusion. North Side:

“shortage” realtors had = another: highpowered sales week last week. The 37 members of the Associated North Side Realtors racked up the fourth biggest sales week on record this vear. For the week ending Oct. 28, the organization helped 62. home and sellers. exchange properties worth more than $915,-

It was the biggest week: since Aug. 12 when the group, reported

§ 70 sales worth more than $762,000.

Last week's report comes right after the impact of bigger down payments,’ shorter _ terms announced by the government Oct. 12. Nine Lots Sold Only nine lots were reported sold.: This accounted for the highdollar volume marked by AssoAverage sales hit $14,700 a unit. Improved property always brings more dollars

than raw acreage, the realtors saff. The list, submitted by Chair-

nan: Warren 'M. Atkinson and Secretary. C. Scott Padget to the eal “Estate Board, included Real transactions: Willis Adams—Lot 421 in Warrhegh— :

American Estates Natson Rd., lot 6 in second section of Meridian Hills, 5959 Wash-

ington: Blvd., exchange of a farm yutside Carmel for 5329 Pleasant Run Pkwy. 320 W. 62d St., 5540

Central Ave. in co-operation with .

the Walt Veon Co., 3556 Guilford Ave. in a cross-sale with the Bruce Savage €o., 7034 Dover Rd., 880-2 Middle Dr. in Wood2832 W. 20th St. 1824-26 'W. Morris St. leration with Thomas A. McGinty,

| (Continued on Page. 43, Col 3)

Carr Co. Nears New Sales Mark

Sells 543 Units In Ten Months

Indiana's largest home-selling Co., will set a new. all- time sales .mark this month. - Continuing to smash company records, the Carr outfit has already handled ‘transactions involving 543 units worth more ‘than $4.9 million through Oct. 31. This far surpasses - the month total last year and edges the 550 units worth $5 million the boom building year. ‘Last month, the 30 Carr salesmen in the downtown, East Side

Since his- graduation from IU, ona North. Side branches helped

14 families find shelter. Dollar volume in transactions topped $429,000, $60,000 better than totals accumulated in October, 1949. Their report Thirrored brisk

amortization

Co.—3645

in co-op-

the Jack C. Carr,

10-7

Real Estate—

Public Buildings Sans Headache

‘Private Capital Could

Them, Lease to Municipality

* By LARRY STIL LERMAN,

Erect

Times Real Estate Editor

HERE'S WHERE private capital can rescue the gov-

. ernment.

Those hereabouts pumping for for a new city hall-| courthouse and new state house structure might bend an ear are coming out of the Korean

to New Jersey. Out there, where there } a sort, a real estate representative has proposed a simple idea for commuities to get new public buildings. Charles Corotis, executive direcil for

for

tor of the New Jersev Counc Home Protection, thumped private investors to structures and rent them to municipalities on long-term ‘leases Tom McMorrow, real estate editor of the New Brunswick News, expanded and publicized the proposal. And it brought responses, one from Thomas I Parkinson, president of Equitable Life Assurance Society of New

build civic

York, backers of the new building.

on Monument Circle. . Mr. McMorrow. pointed out the high cost of construction sometimes defeats bond issues and higher taxes to defray erection of public buildings. Besides, he said, private builders investing personal time. and 'caSh® ‘cut corners “and save everywhere they can,”

YE

C'mon in.

1as been political éollusion of

Mr. Parkinson agreed and was more enthusiastic. Here are Mr. McMorrow's, comments on the Parkinson response: “President Parkison ., . . said his -society would be delighted to erect buildings and rent them to public bodies, and as soon as it got its money back, plus low interest, it would give the buildings to the governmental bodies for nothing . . . “Obviously, the public bodies

Small Home Plans +...

itects Set

New, Better

* Designs Seen

By Next Spring

Architectural Fees, Techniques Are Blocks Needed to Be Moved

Better homes for Hoosiers

War. They're being molded from the dies of defense preparation. With the squeeze on building materials and credit, builders and architects are turning to produce tion of quality in housing. It'll mean more kitchen space,

more patio and backyard living,

better designed communities. This is as promising ‘as tomorrow, but it'll be beyond “tomorrow” before it comes around.

More Attractive Package

would not be charged too much rent by their private landlords. If the municipality or other body thinks the rent too high, let it go ahead and pay it and get it back by raising the tax assessment on the building. “Besides, the more it pays the sooner it gets the building for nothing,” Mr. McMotfrow said. . And he forecast, “We'll hear more from this plan unless the

taxpayers . are . asleep at the switch.” : Well, how 'bout this?

Here's what's grabbing new Hoe sales inthe + | Midwest. Lots of front-room windows, meeting nature half-way I

focuses livability on this suburban home. This style is Ficking up |

project here.

That's the 500- 1-600 unit development crystalizing in the drafting rooms of the L. & I. Building Corp., builders of Windsor Village

around the home. building fringes.

Here We Go Again

and near North}Side. apartment houses.

The-—corporation's—buying—102 acres rubbing the Meodowbrook Apartments on E. 38th St. But the city wants the Lippman boys

to put in their own sanitary line.”

The one out there can't take any more, it appears. The lack of adequate relief wasn't the chief damper in plans,

Stringent credit regulations tossed.

a big block, too. But the sewage’

Committee Acts

set-up again

showed § the: ov erworked zonditions of the city’s sanitary and storm relief system. There's do about it now. Indianapolis and four other Hoosier cities are waiting for the Sipreme Court to untangle the sanitary mess. = That mess won't be cleared up until after the. first of the year. And if the Supreme Court can’t

~mop-it up, maybe the. state legis-.

Jature can

Sewers again last week clog-| ged another major housing and unseasonal shortages, hugged

little the city “can

Both the National Association of Home Builders and the Ameri-

can Institute of Architects have a more attractive housing package, the acme of livibility and economy, as their hand-in-glove goal. This co-ordination should filter to local levels by good building weather next spring. Their efforts for better designed homes and. communities have been a long time coming in many sections of Indiana and the nation. There are twin chuckholes in the avenue to better home living, One bump is architectural fees.

|The other, poor use of construce

tion materials and techniques. A Discouraging Note

High fees for architects didn’t |

encourage full architectural aid, builders said. But both organizations agreed fees for architects should. bs ‘worked out locally to provide adequate allowances in mortgage committments for complete architectual services. Even without “‘hobtail building”

| Continued ‘on \ Page 13, Col, n

Home-Building Records Tumble

Contractors Start $3.1 Million “Work

Like realtors here, home-build-ers continued to rewrite the citycounty record books. They “snubbed” credit controls

this service, is not the

month-end warm weather and continued their efforts to shelter Hoosiers in Marion County. During October, home-builders started foundations for 361 units, 201 inside city limits. On the cash register, the total meant more than $3.1 million. This... building figure to 5174 units valued at more than $42 million, This is an unofficial tabulation

including county construction jn

‘unincorporated sections. Far Above ’49 But it far surpasses what builders did here last year, the boom building period. «Through October; 1949, contractors dug ions

Mr. Scudder lives at 6140 Carvel Ave. with his parents,

who annually erect. some of the There's S Enough Oil for

“finer” Hoosier homes here pointed. out cost of glass and techniques to install this-type of “wall”

evel:

building cost; Mr. Woods said.

are still on Ing mph price. plenty

There wou he litte faving i in" a war “economy,

All, Burecu Indicates

Every’ indication

oil for

points to

of all industry

reeds —and domestic oil Heat

SAVE the Phimbing. and Heating | Industries.

a ~The. Quality. House. divisional Bf Bureau re an

clams

Spann Co. ‘Adds s. 4th New Salesman

The Spann

Co.; sInc.,

best foot forward ,in the real estate sales market. President C. C. Duck announced vesterday the ‘fourth new salesman added to the Spann staff in the, last 30 days. The addition wa of Art Lyday v brings to seven 2 the number of dealers in homes ‘for the downMr. Lyday town realty,rental management company.

Part of handling realty sales: : is showing homes to prospects *

and when it comes to ‘show’ Mr. Lyday should be tops. Show has been his main activity since 1939 when he’ graduated from: Technical High School. The son of the business agent of the International Alliance of Theatrical Stage Employees here, Mr. Lyday has been a motionpieturs operator. in suburban ouses. : " Besides; this business activity,

Mr. Lyday was in the Army Air,

Force for three years during World: War “II. - Mr. Lyday i§ 29 and lives with

his wife and two children at 7711:

'E, 47th St. He plans to take his’ Ireal . estate . license examination. i$.

|

Nov. 8 1 Bedford, , Ld

There is no cause eo ‘alarm about the av ailability of fuel oil. The United States has more than a million barrels a day of excess capacity in crude oil production,

stepped refining, and’ transportation faout again last’ week, putting its cilities.

On the side

The weekly livestock and J. A. in the Na side this section.

stock market, nd grain round-up fivingston's “Outlook ion” will be found in-

real estaté-business

New Owners Take Over Homes On N. Pennsylvania And Shannon Ave.

fridmen Bery’S 8

dCUVILY Oy firms ny Marion County.

To facilitate -home sellers and

reat estate

To Fill Posts

buyers, the Carr Co. is also stiow- (pp Realty Board

ing homes-for-sale on television every Tuesday at 6:25 p. m. ~

The records of the Carr Co; one of the, major real estate Pe tn--the --nation; wore re-

ELECTION | time's ‘approaching for real = éstate organizations,

Local realty leadership rests

selere y A asedvestindav. be Uy BL Bow o eere ~HrTI

Je. and Robert Bussell, officers of the organization. Their report as’ sumstAntated: by deed trans“actions récopded in “the. Court-"_ house.’

Citizens | Svar Sets Formal Opening

The Citizens Savings & Loan

qa - Wr ssociation will hold the formal

opening of its new office at 145 N. Pennsylvania St., Wednesday. Officers. are Earl H. Schmidt,

president; John .L. Turner, vice president; Joseph G. Wood + Jr., treasurer; William J. Schmidt,

secretary, and Joseph .G. Wood, counsellor at law.

One of the Yor current’ soles for the ErancBromeit Ca. involved this three. . * bedroom dwelling at 8225 N. Pennsylvania St, In co-operation with the F.C. Tucker Co.; the North Side firm helped Lloyd S H. Bridgman, We. Wright ign now in sevice: Me, Bridgman. is seesivied with .: Walter is state director of . Sectional 1 rable and’ Mr. Frvapntial Insurance Co. of America. :

. Wright Jr, sell his house to Luther

1851 officers and directors will bey named in December. ~Paving-the-eheettory pectin President Bruce Savage last week named a siXx-man hominating

committee to select candidates.

2 = n THE COMMITTEE headed by Howard Fieber, .1949 Board lead

er, will name aspirants to fill three directorship posts. Terms of incumbent directors, Frank H..

Cox, Fred T. Davenport and Norman Betzger expire this year. Besides Mr. Fisher, committee members, suggesting candidates include Charles B, Forrest, A. H. M. Graves, Louis H. Hensley, L. H. Lewis and R. E. Peckham.

1037 Shannon

Bourd-:

“Mr. and ‘Mrs. Ort L. Walter are Cullen with assistance

The cities are ana by lack of decision covering authority of sanitary-districts to float bonds. The court” must decide whether districts. are municipal -entities, entitled to “circumvent" the city Jvonaing limit set by. state law. “The case was precipitated by court ousting. of the Indianapolis: Al and Hospital District “a8 a bonding district. In "the {ase ON COUrt. TREE now, Joseph Solan of Hanimond contends the sanitary district of

his home town mirrors the health district set-up. Briefs are yet tobe filed by Mr.

Solan's lawyers. They have until Wednesday. ‘Then the Hammond Sanitary district ‘has two weeks in which to reply. After that, Indianapolis “hes a

for 4314 units. value “HOT than $28 million: : * buck up

Builders: now will. against colder weather, tighter loans - and tougher. statistics,

They've already snapped the rece ord of 5065 units worth $34.1 million set during all of 1949, however.

ahead “of “the ‘best mark: ‘on the

books: In the city, “builders Ngan AIT single dwellings, 16 doubles and a 32-unit apartment ‘at 6120-80 : Carvel Ave. This ‘meant. $1.7 mil. lion on the ledgers. A year ago last month there

(Continued on Page 42, Col. 4)

Gunnison Report Due A- sales and production progress report will be given to Mid-west

month to file a. brief-supporting dealers of Gunnison Homes by of-

the Hammond departmeat’ s stand and. Harry T. Ice, an “interested bystander” here, has another 30

‘days bey ond that.

Ave. The aT ee A W.cA. Springer. of the I. E. Holland R

ficers of ‘the New Albany prefabricated product. The one-day meeting will be held Tuesday in. | the Warren Ten Hotel.

didi

brought the cumulative

4 -fae

a

Sark last month. put. “thaw

E