Indianapolis Times, Indianapolis, Marion County, 19 November 1950 — Page 49
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~ Section Four
Real Estate
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ianapolis Times
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~~ ~ SUNDAY, NOVEMBER 19, 1950
Small House Plans. ,
Than
To Fast THE HOLIDAYS aren't year. : Christmas buyers saw th off they went to start revolvi was Nov. 10.
Merchants noticed it at once.
combination, delayed keepwarm buying, coats, suits and underwear, had teamed up with gift buying, negligees, scarfs, fancy handkerchiefs, hose. It's good for the stores as well 4s the shoppers. It spreads volume, more sales figures are in the bag before Dec. 25. It takes & the elbowing and hurly-burly cut of the pleasant experience of buying a gift for a friend. * Look for aluminum to tighten up. It may even reach the hard-to-get . list before Christmas. Manufacturers are not allowed to step up production between now and Jan. 1. And then they go on 65 per cent production. Hard goods is in for another
but they’rs on the way. And the same goes for copper, nickel and] sine. Together they cover about everything you can rap with a knuckle. Top in Color Stopper 7 ih.
Bf HAROLD H. HARTLEY, Times Business Editor
labundant.
entertainment interest last
The Week in Business—
Santa Ignores
ksgiving
Christmas Buying Jumps Off
November Start
waiting for the calendar this
e first Show, bundled up, and ng doors spinning. The date
There was a gratifying
Thanksgiving food will be plen-| tiful. Turkeys are a little cheaper. The whole dinner will cost little more in Indianapolis than last year. But for
don’e look too .hard
mixed nuts. Grocers have been dis-
satisfied with what they've been getting. Instead they're pushing English wainuts from California. |
And there'll be pumpkin .in cans, not alot but enough to go around. "And the dairies are going to start the .flow of eggnog this week-end at 49 cents a quart. You buy it and add. Sweet ‘potatoes, oysters, chestnuts for dressing, vegetables!
breads, wines and desserts will be All you have to do is make peace at the casH register. One grocer wiped his hands on his white apron, and with a sense of satisfaction, said, “It's going to be a nice Thanksgiving.”
week dawn of Christmas breaking over
the calendar horizon was the court stopper on Columbia's TV color
system.
CBS had got a yes from the FCC, It They wondered what the FCC was thinking about,
manufacturers, if it was thinking at all. The CBS color wheel is a meehanical adapter, a little awkward, sald the opposing manufacturers, for the family living room. RCA with a push from other manufacturers looked over the field. It had a near-miss on an electronic system which would not obsolete the 8 million TV sets now keeping America ear and eye happy. RCA filed its suit for an injunction to stop CBS from airing its color TV tomorrow. And the: federal court slapped on an injunction quicker than a magician’s hand. . What .it meant to black and white set makers and the millions on the edge of buying television] sets for Christmas was that they
‘startled most old-line
were on relatively safe ground at! i
last.
The word 1 get from ‘good sources is that RCA will come through with its own electronic
tube in about six to eight months. And that present sets will pick up color programs in black and white without bating an eye. So there is the word of peace for the minds of the distressed who had the money and the impluse but were hanging back. But if you're going to have a TV Christmas don’t get caught in the log jam after Dec. 1. Get: yours now, hide it in the attic or basement, if you can stay away from it,. and you'll be all set for the choirs and hymns on
Christmas Day.
“| Traders Cautiou
Rail Shares Hold Spotlight During Week
On New Tax News;
Auto List Drops NEW YORK, Nov.. 18 (UP)—! Railroad shares dominated the ~- stock. market during the past Fou week and kept the post-election | advance on its course. Demand for the carriers paralleled hearings on a proposal for an excess profits tax, issuance of favorable October earnings reports for several leading railroads, and announcement that the eastern roads will ask for a four cent freight rate increase. public today. Wall Street recalled how the Ford Woods will hold open | [railroads were sheltered in the house from 2 to 6 p. m. in the previous excess profits tax of pew $46,000 dwelling he has built World War II because of their at 4617 N. Meridimsn St. high capitalization and estimated’ The stone veneer ranch house similar treatment this time, if wag built by Ford Woods & Son. such tax is passed. Inc., a construction firm. It is Market operations went ahead being put on the market by Ford cautiously at times because of Woods & Co., brokers, an affilithreats of that type of tax on ated firm. which hearings now are in prog- Set near the rear of a 100x90ress. But the rail move cleared foot -lot, the luxury type home the way for a stronger tone has plenty of ground area. for atthroughout the market with the tractive landscaping. exception of the automobile. Within, it is- designed to proissues. : vide the latest in spacious living. Driveway Broadens Auto stocks suffered from bad rahe halt iyewsy leading | 8 pe Ss F, news for that industry, Ford an- broadening to 20 feet soe ide, nounced a layoff of 50,000 work- of the garage doors, The ground-level
WAL
The latest in de luxe push-but-| ton living will- be shown to the
Rail List Gains
ers, calling attention to a serious front porch material shortage situation loom- !€2ds into.a large entry hall. Adjoining is a generously propor-
ing for the whole industry. tioned clothes closet.
Rails stood out on the upside all sessions and they came near their 19-year high. The industrial average climbed nearer to its high for 20 years. Oils haa several sessions strength and were strong on the week. Steels managed to gain a bit. Building issues had some firm spots. Chemicals ruled higher. Tires were strong, particularly in the Friday session. Liquors + as ¥ picked up as the Christmas buy- Lo 1€40.0, Nov. 18 (UP) ing season opened. Television 'TiCés moved irregularly this shares moved irregularly. Utili- week in the Board of Trade, but ties were mixed. closed the week generally higher
Grains Advance: + Trend Irregular
Strongest Gains Made by Soybeans
stocks
Many individual were than last week. helped or hindered by dividend, ® Soybeans Pade t actions. Most of these were ins ® the strongest highly favorable. Many other Bains as was anticipated, al-
companies reported higher earn-|though prices in beans fell off the {ings which proved helpful, espe- | past three days. (cially in the case of Montgomery oppo high price of soybean oil Ward. lappeared to influence the bean price as all deliveries made new seasonal
Volume Restricted Volume was restricted somewhat by uncertainties in the for- 4) ,.00 gays of the week. But they |eign situation, fears of stringent fell off as mueh as 6', cents a (controls, and fears of higher she] during one point of FriHE er wis t of th fot{Sayismteades Ss arke Otherwise most of the m Compared to Friday's close last 3) week, wheat yesterday closed 1!, to 214 cents a bushel higher; corn 34 to 2 lower; oats 3; lower to 7; higher; rye 14 to 11, lower; soybeans 44 to 10'2 higher, and lard 12 to 30 points pound lower,
fevntimunton on Page 50-0 ol.
Realtors Plan Speaking Program —, zu or =e
| fronts carefully: the Xorexs War, Former National REB the all-important weather condiPresident to Speak tions, and a new -development A big session in the exchange: -during the week on the news that {of real estate know-how is being a grain embargo has been placed
Study News Fronts
Here's a color wheel similar to » Columbia’s TV color system |prepared by the Indianapolis Real ;;, affect in New Orleans that made by William Garstand (Raytheon). When he was a student at the University of Wisconsin in 1928. And with that, he says,
“Old stuff."
Bump Ahead?
to material controls.
The UAW had figured one way, Walter Reuther said quite simply when last in Indianapolis that appliances would Squeeze the
the cutback in automobiles market. And we would have a self-compensating down-spiral. As men are laid off, they'll shut off buying. And when they shut off Buying more men will be
) EWR pre that and ns the “employment curve upward again is .a quick pickup in defense industries. There will be unemployment. ft looks as if it might be quite serious. But it won't come from lack of buying power. It's faster than that. It will come from lack
of materials.
1 talked last week with men whi use aluminum. They're in a tough spot. Their erackdown will come in the use of aluminum. It doesn’t 100 tons. they still can use,only 65 per cent as much after Jan. 1 as they used in their regular production in December. Now here's the catch: They can't
step, up production in December
The Chamber of Cg last ‘week added u
Straws
E the town.
and
What the unions feared seems certain to take place. It's unemployment, due
but it's coming faster another.
put on three “shifts” ‘and stockpile their finish ed product. They have to run at “normal. production” from now to the first of-the year. Here's what the 35 per cent urna means. Most plants have EOF #30 pe eeRt HEEERpAEity” or over to get into a profit. Their break-even ts over 65 per cent
So they'll begin to lose money. “There will, ‘of \ course, be a mad = scramble for gubstitutes.
Motor companies will switch to!
steel? But. steel's fhort, too. And the gray marketeers have been hoarding it.’ One steel last
man told me
{Estate Board. One of the nation’s outstanding Should last about two weeks. realtors will speak at a breakfast; The motivating influence in the {sponsored by the board in the Co- soybean market seemed to: be lumbia Club at 9 a. m., Nov. 30. liquidation, - This and other seliHe is John J. Wagner, Cedar ing plummeted the prices down Rapids, Iowa, past president of over 111, cents a bushel from the National Association of Real season highs of Thursday. Estate Boards. Wheat and corn were affected In addition, a panel of Indian- by the appreciable‘ gains in soyapolis realty men will dig at real peans ‘but not nearly .to the estate problems. on the local same extent. Buying wis genlevel erally attributed to local interests. : Little attention was reports of dry windy winter
Six Panel Speakers Scott Padget and Bill Jennings will discuss modest price homes. ¢ Medium price homes-will-be the’ LEY HEH TRAtAES and Wal in southwestern. ‘eon. -Ethel Bromert-and War. 3r€4. ren Atkinson will make.:it. com. Oats were adversely affected plete with ‘talks on expensive by the” liquidation and the homes. over-all} trend of. the other A discussion of mortgages by markets, and some of the buying Duff Vilm and George Dirks. will Was aftributed to northwestern round out the panel. |interests.™ Earl B. Techemeyer will serve, The United Kingdom was an as moderator for the panel.’ accredited buyer of 2 cars of Willis Adams is chairman and U.S. corn but in general the ex-
paid to weather
week that sheet steel has been Howard Fieber vice chairman of port trade in grains was light
selling at one cent per gauge the breakfast committee.
per pound. If it's 20 gauge stael, it’s 20/ eenis a pound. guage, it’s 21 cents, etc.
Ard the normal price should be
five or six.cents a pound.
Now do you see what's mak-| price
ing prices high? The
rackeéteers.
ymmerce, bless its statistical soul,| p the how're-we-doing figures on|
Everything was on the up except the number of relief cases,
industrial building permits, prosperity picture. Biggest jump was in —of gas, far above the meters installed. That meant industrial furnaces staying hot longer to fill more orders. And the drop in bus passenger meant that more peoplé were driving to work, parking cars in paid lots. And the drop in -industrial and residential building values reflected the caution which came with controls.’
the 3000 new
use
were
That's the story.- And I didn’t
mention a figure. It was easier!
for both of us,
THE PENNSYLVANIA Rail’
road blew the kink out of its line
and city bus passengers,
between nison, O., last week. pounds - of dynamite, million and 17 months,
THE. VENDING
million
the Nik-O-Lock' Co.
—whew—what a long one. ~ 1
THERE'S A “GOLD ROOM” | out in the new Western Electric plant, on Shadeland Ave.
it’s for plating parts. The gold
is locked in the plating tank.
I tried to get in.
“Near Harold H. H. Hartley with “The » Human Side of of Business”
0 WISH at 3p. m. today.
$
1f it's H
That was the &:
Steubenville and Den. It, took 2 $9
MACHINE boys elected a Hoosier president. He's J. B. Lanagan, president of| Now he's president of the National Auto-| matic Merchandising Association
So are the doors. to the room. |
this- week.
{ |
{
Mr." and Mrs. Hayes o. Readle have ‘room home at 5925 Julian Ave. from Mr. The sale. was made through Bill Keller ” de X
~ 3
Lewis A. Haynes: of Fagor Realty Service.
y 4 EY 2
i . . hx
ore
Opened for
highs during the first.
; wheat.
A,
Design for spacious living A to be shown today at 4617 N. Meridian: St.
To the left of the entrance is the living room, with floor space {26 by 151; feet to give free rein in furniture arrangernents. A fireplace decorates, the-fiorth end of the room, and’ large picture windows give views to the front and side. An arch “connects and diningroom. From the diningroom it is only a step to the sun porch at the rear. Screens and glass windows are interchangeable.
livingroom
2-Car Garage The_sun porch leads to the two side doors of the garage. Two cars, can be housed in the garage, and there still will be five feet across the far end that can be used for storage. Two overhead doors leading from the driveway are nine feet
wide, instead of the customary eight feet, to permit easier maneuvering.
An innovation in the kitchen is
Real Estate—
New Deluxe Push- Button Home Public Nigw Today
the expensive chrome. leg table, set in a leather upholstered booth, for use as a breakfast nook. There are three bedrooms, one of them a complete suite with bedroom, bath and two clothes closets. The front, bathroom serves two other bedrooms Doors of New Design Doors of the bedroom clothes closet are of new design. They are of flexible leatherette which slides back and forth. =~ The basement underlies the entire house. In addition to the large~ furnace and utility room there is a recreation room “big enough for a bowling alley,” as Mr. Woods puts it. This leads into a which connects room. Aluminum storm windows give protection against wintry winds. And for those "cold mornings, electric forced air units fan extra heat into every bathroom.
the
bathroom with a maid's
Hoosier 'Convert' Converts Swamp Into Wonderland
Luxurious Miami Beach Owes Prosperity To Enterprise of Former Greensburg Boy
By LARRY STILLERMAN,
MIAMI BEACH, Fla. Nov.
and fun. Briefly, the Beach half of Miami is like New York on a “lost week-end.” In technicolor, yet.
There's Collins Ave. with gleaming monuments to gracious living. Hotels, one more
eye-stopping than the next, elbow
(each other for a patch of sea and surf. If the hotels are fabulous with gold and silver turbans, the shops along Lincoln Rd. are These branch “mints” refleet-the-titlte of
row.” Even the open fruit-stand counters are calorie killers to to those high-styled ladies who
just as watch
watch their own figures avidly as their husbands others. And. if Cadillac polled its national popularity on. the - count along Miami streets, product would be the “most car- in America. n
their sold”
; ” ” YOU CAN. do just about thing you want here except ‘down the street in bathing togs. There's a fine against that. ' But then who walks in this trafficcrazy town? .
anywalk
Builders to Hear Chicago Editor
An expert observer will give Indianapolis home builders a“lookinto thé future next ‘Tuesday evening. James MM. Lange, Chicago, will speak before the Marion County Residential Builders ARG pido Bod Athenaeum Turpers—Chab “Mr. Lange executive editor of Practical Builder, has just completed a tour of the country for a study of the construction outlook. The meeting will p. m. with a social hour. will begin at 6:30 p. m.
Lange
Mr.
begin ‘at 5 Dinner
the street
auto
Times Real Estate 18--You can’t
Editor
Everything is wide open. the winter officially until Dec. 1. The only evidence of the October hurricane is in the “wind sales” in many of the cheaper shops. The palm trees are still up, although leaning a little, and many have “brush haircuts” forced by the breeze clippers.
This IS America’s playground, | more so. but if the bridges.or causeways
swamp land.
Swamp’s Angel
AND IF it weren't for
old Beach might still be this way. -Carl-G.Fisher,—the -Greensburg boy, helped John S. Collins
(Continued on Page 51-C ol. 1)
Eschmeyer | Joins O. K. Mannan Co.
A veteran realtor, Cecil Eschhas been named manager of the real estate department of O. K. Mannan*& Co., Inc., Indian-
meyer,
apolis insurance __ brokerage firm. #8 The company’s. & . real estate de- § partment, primarily a sales organization, is § chiefly engaged in selling city homes in the medium price § field. It also deals im farm osha MY. Exchmeyer chmeyer errtered the real estate business in 1920 and has been active in rentals, sales, appraisals and -insurance. : For four years he was property
. management representative of the
Home Owners Loan Corp. He was a salesman for Allison Realty Co. for 11 years before joining the Mannon firm. He lives at 5721 E. 10th St.
Spann And Julian Aves. Residences, 2- Family Southport Home Sold
/Thié nine-room house af 1144 Spann Ave, was purchased re.”
aintly by Mr. and Mrs. Bennie O. Bennett from Mrs. Clara Button.
The sale was t made fivough Manson H. H.Plips of Philos, Realty Co.
, dianapolis
help sounding like the Chamber of Commerce when you talk about this city of sun
And season doesn't open
two enterprising Hoosiers, the 35-year-
Home Building Slash Promises Better Pool g Of Skilled Craftsmen
Future Supply of Construction Workers Endangered by War Threat, Fears of Draft WARS AND RUMORS ‘of wars have already made their effects felt in the Indianapolis building industry. There has been plenty of talk of-tighter credit controls and a cutback in construction for next year. But not much has been said publicly, as yet, about what's going to happen among building craftsmen—brick- ————————— layers, carpenters, plumbers, ‘Inside Dogpatch’ painters and decorators.
For this question, The InTo Be Revealed by dianapolis Times found two anLi’l Abner’s Boss
|swers: - | ONE: The most immediate ef . “Children will be guests of In- fect .probably will be to relieve Real Estate Board some ‘of the pressure for building members to meet Al Capp Friday labor.
at their luncheon ’in the Wash-| TwWQ: The long-term results ington Hotel. will be an acute shortage of Mr. Capp, cre- {skilled craftsmen in a year or ator of the fa- less. - mous Li'l Abner Contractors , could use a lot comic strip which more journeymen—trade name appears in The |for skilled - workers—than they Times will tell can get, says Elmer E. Meadley,
the luncheon group of his experiences with
| executive vice president of Marlon County Residential Builders, {Inc
the comic char- | Marshall Abrams of the Conacters from: istruction- League of Indianapolis “Dogpatch” and |agrees. will show how . » he makes his Al Capp Winter Eases Shortage
comic sketches. But both men say the shortage “The Times is bringing Mr. Capp isn’t quite as intense as it was a to Indianapolis to entertain the] couple of months age. That's
Real. Estat Board and other groups over the Thanksgiving ‘because workers are less restless, holiday. - more. willing to settle down and
” ” »
keep busy through the winter MEMBERS of the Real Estate| months.
Board who do not have children : Building men expect a one-third of their own have been invited 0 oquction in residential building. bring neighborhood youngsters to This would mean 4000 new the luncheon. : dwelling units in the Indianapolis This week's luncheon will be metropolitan area next year, held Friday instead of Thursday compared with the 1949 and 1950 because of Thanksgiving 1D Day. pace of 6000 units, Mr. Meadley ee says.
2 New Men Join ler ers are hs Carr Sales Staff
Mr. Abrams’ opinion. So a cutback would just about. put things {in balance.
Youth Shuns Trades
For the long pull, however, the {outlook is not too encouraging. There just aren't enough young men entering the building trades to meet the demand. In fact, conistruction executives say, the re|cruiting programs aren't even [filling the gaps-left by death and
retirement of older workers. The contractors have their apprentice programs, hopefully de-
Mr. McKinsey
Jack C. CarrRealty Co. has an- | more than from Miami were ever destroyed. pounced the addition®of M. C. Mc‘mittion=dollar the Beach" would become an isla nd possession of the U.S. . It's just a big hunk of former its sales staff,
Mr. Davidson
Kinsey and C. Alvy Davidson to blood. Last year they issued diplomas—they call them certifiMr. McKinsey, connected with cates of completion—to 39 men in
the company’s main office at 139 this area. E. Market St., has been in India- Factories Hold Lure 25 : > ; napeliy 35 ye rtendent of the But a recruit must serve three National Concrete Co. until the or four years as an apprentice
start of World War II, when he before he can become a journey- _ joined Dean ‘Brothers Pump Co. man. They start at 90 cents to $1
After we war he became a paving ; contractor, specializing in drive- 20 hour, with’ quarterly wage in creases.
ways and parking lots. Mr. Davidson, a lifelong resi-' And while skilled carpenters. zet dent of Indinapolis, is with around $2 an hour, and skilled Carr's East Side branch at 5106- bricklayers receive $2.25 an hour 08 E, 10th St. (plus premiums, too many recruits He was engaged .in the whole- don’t. follow through. sale produce business with his] They get impatient and suefather, C. W. Davidson, before {cumb to the lure of higher paid entering the insurance business./factory jobs, surrendering future He was an agent for the National security for immediate advantage, Life & Accident Insurance Co. Today's international condihere from 1935 to 1949. tions. have further discouraged
Mr. McKinsey lives at 4706 many young men who might be College Ave, interested in learning a trade. Mr. Davidson's home is at 907; They don’t, know whether N. Belmar Ave. 3 /they’ll be drafted, or when. “With this uncertainty in their
minds, they think it's useless to start a long-term training pro-
McKee to. Speak At Seminar
Times State Service
day. Raiding No. Problem...
BEDEOER OF dis TNL. Tacs i. po RT AT A, i ah 8 x oy Sa Loo Htrange: though: it may. seem; diana "Real Estale Assoclation’ ..ggential builders don’t worry will hold a Ta on the Indiana gbeut “labor raids’ from con-
any
real estate license law at the tractors doing commercial and y . : industrial construction. > Graystc {otel here at 2 p. m.| gary Faysione Hotel hele P | It's traditional “ “in Marion ‘Tuesday. county that. non-union labor
A. L. McKee, property manager builds houses, while organized of the Anderson Banking Co., An- labor handles the rest. So the derson, will discuss the law. home builders aren’t afraid that Mr. McKee was president of the their men will be lured away by state association when the law the contractors doing factory, was passed by the 1949 legislature. store and office building work.
-signed-to-maintain-a-flow-of-new-—
gram- which might be stopped ___°