Indianapolis Times, Indianapolis, Marion County, 11 March 1951 — Page 45

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Section Four

lis Times

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Real Estate ..,....... 45-47" : © Business .,........... 45-46

he Indiana

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BE SUNDAY, MARCH 11, 1951 ,

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HE 3 . Wr gs The Week in Business— | anni C on ¥ um : ho Allison Grooms Course Opens wm gx a. Ros Le able Gala Celebration Planned i. fl mf A 4 das on a con This Week to Mark Event he Chall |] ; Ren be ' : veden, look : die ‘Indianapolis Schools | A | “ aie By HAROLD IL BARTLEY ponsor Me irst Sunny Weather " imes Business Editor 24 5 j fand when + THE JET PLANT at Allison's is watching the produc. |, n‘eligent plane for satlsthc . o ew oo tion clock, It will tick off No, 10,000 this week. That is a annual Indi Brings Activity pu rt avor to the signal for something big. Te Rt : rchased for No other plant in the country has produced as many “Michi- Some Contractors Believe 1951 Has Chance . ons deat jet engines as the Allison Division of General Motors, and| dlrs: Of Becoming Second Highest Building Year chasing de- no engine with as much power and fighting fury as the oily Sohn By DAVID WATSON a pe super jet. the ball rolling for two Allison Board conducts The tightest of building curbs relaxed last week. It nak E. B. Newill, GM vice-presi- milestones. Ee dorm tha was weather. ? 1s does not dent and Allison general man- | At that time,» Mr. Newill sale, Civic and allied Hammers pounded and electric saws buzzed as a flurry of iaine ager, Will present the 10,000th| D" on "a a will building - organi-| of late winter-early spring building got under way in Indians on Srl. engine to Maj. Gen. Orville R. §ttend the festivities in the north- oe '|apolis and Marion County. terested in Cook, U. 8. Air Force. : east solr of the huge sugine Féremost lead: And the 1951 home construction program got a shot in soft a It wil be Seen for the first time oii gi djsplay of ers in the home in the statistical arm. The a th ty offices have a re ot By Dias SHploysea ahd a lint be an Auton defense products wid —- building industry linfant year is running all ut A is delivery to parades. and a completes showing |e ek up. a ; alker. wx session. -and- «|. $4 Million Permit : of Allison nls . The “Speedway High. School Speakers Mar. 20 will be Robert neck-and-neck with the » il Thesa were for family housing " band will play, and at 10:40 a. m. > Ing starts of last year, the all-l,,), "cy rvaler Corp. -recetved its sembly hall, On the invitation list to see the Walker, realtor, and Lyle Tins- y. Chry, P and the con- Mr. Newill will present the » "Savings & Loan time record breaker. $4 million permit and other busi~ he General Eo Teaming ortins, the Governor|10,000th jet to General Cook, and man, secretary, Saving Many contractors, though de-,... .ng industrial clearances in rdtredl from and leading citizens, city officials, |will unveil the super jet. Laas = Jaap clining to get too far out on they, county totalled $57,500. will industrialists and bankers, and But that isn’t all. At 1:30 p. m. ana a SD C prediction limb, think 1951 stands February. eit rmits covered by apes Mi principal Air Force and Navy per- the 10,000th jet and the super jet wi e “Home a fair chance of becoming the ,*¢ y or y pe a Dl and OF of sonnel from Washington and will parade through Allison Plant| Financing and second highest building ‘year in|'* single un h daven op o4 2 or some Wright-Patterson Air Force Base.|3 led by drum. majorettes from Site Selection. history. : {$1 mill on in industr a. ons ruc. 2a i Sgom General Motor’s executive vice Speedway High School. Then Albert R. Ma- The same observation has been tion for P. R. Mallory 0 f pho president, R. K. Evans, a big they'll take the procession out on hin, general co- made on the national scale. | “We're really going to town this he lounge White} in ra, will be in Jaws for the Main street in Speedway, aud Srdinstor o Sas : As W. L. Bridges, of W. L. Joa sald Ray Sisher, county akia. 8! ng, along wi . R.|to Plant 2 for another celebration. Vv ” i . \ mow ved Bridges & Son, put it: g comm ner, ‘People gures, more Osborn, vice president in charge| So on Wednesday next celebra- tion in the Ex- ; : : I building season. One | “I do not see how we can afford|are demanding homes, Builders ent in the of the engine group, and other GM [tions will be popping all over the tended School A HOME IS BUILT—A break in a tough witiur has Juche oft the 5 bo ing Wain, © © |to let up tn construction, especial- apparently are mot as skeptical ny country, Yop brass. Allison plants, and the super jet Service Division| firm, Justus Contracting Co., took advantage of a spring interlude to dig me bi 1y when It Concerns sheltur for|as they were when restrictions 1s when we Whistles will blow at 10:30] will rest under the curious eyes of of the public anticipation of better weather to come. Gene Curtsinger, Dallas Benedict and Homer Benedict (lef persons meeded in vital produc-/and curbs first came.” : Te $120. ‘s. m. in Plant 5 which will start|thousands for the first time. Mr. Tinsman gi wil di-| to right) swing into action on the roof of a Justus home, tion.” Mr. Fisher said there may coms y other . : , e forums. da In New York, mortgage bankers a tendency toward smaller houses, ed. my The adult classes will be held : * 5 A Pl were told there ense areas, bt e 1s little likelihood [especially near def: but = Without Share In Stuart Hall Indianapolis Redl Estate oar ans of recurrence of the severs 1943-/demand is still good for the bet uta Fm a ee Lon TH AE ; : & . r 4 eonniruction Simout. eased b ter homes, the ones in the $23,000 - , m. Mar, , ; & message was delivered by bracket. ! 8 10, 17 and 24 and May 1. Tribute fo Organization S Founders Thomas B. Holden, president of aci:e “We are aware of building re- . ; ; y F. W c ' statistical As the builders see it, 1951 constrictions but feel people are TL ps | pers of the construction trade. |*iuction “could climb. well helped: by ~otir - school whether] ur Pu ns missioner rec. the ladder if materials can th : in the futize” - LAY 8 commissioner rec-|, ..¢. flowing at current levels. {they build now or in uture, ords show permits have been f{sy Jo Latin ald. nib Dabk to th sued for 232 unit starts here this own The MIGHer casio poy ot “Many people come back to the z ’ * school year after year to add to a dictions, ud han eS their information and still 0 | es oct : aie Seater _ tol ‘(haven't built their houses. At- : , » } tendance averages 150-300. We and aluminum and greater than : |get the ‘home handyman’ who expected slashes in home building builds his own house and the 0 y allowanees A Nationally man who pays to have his house ! unning Ahead on. aie. Women a wel a men at- Associaied. Realiors But even with this outlook, nas ,” Mr, n said. tional construction figures are Topics Listed 2 running about 20 per cent ahead Subjects for the season include: Handle 30 Properties of the same period for last year. Mar. 27—“Plans for Your Dream North side association sales| Indianapolis and Marion Coun~ Home”; Apr. 10—“So! You Are nudged the half-million dollar|ty builders have the edge on Going to Build”; Apr. 17—"“The mark last week. - many others in the field of plan Home Beautiful”; Apr. 24—“Com- | & A total of 30 properties sold modification. Designers forced J [fort Conditioning Your Home”; Joseph Schmid Harry Robbins Thomas Carson James Hurt Sr. by members of Associated North{to use substitutes will find the ae . 2 y s ad : 2 May ra Modern Housekeeping : ; Side Realtors racked up a dollar|going easier here because of the Allison is getting so big it's using voting machines in union |Aids. ; volume of $454,150, just a little “functional” type building code elections. Bill Mayer, chairman of the election committee, shows | Sponsoring organizations will more than $45,000 short ol the|used

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an Fo - Soap Ski The price order hit soap all the way from the manufacturers Conditioning Council, Indiana to the grocery warehouses. And there it ended. Soap piled on a Lumber and Builders Supply As-

Raymond McCord how to flip the levers, swing the bar.

some didn’t. It depended on where it was.

Some soaps took the rollback last week. And|Indianapolis, Electric League of

be: American Institute of Decorators, Construction League of |

Indianapolis, Heating and Air

‘Half-way point, This was 15 sales short of the previous week, with the dollar

It allo Ss use of materials which will do required job in most

‘count off by’ to the report submitted to the Indianapolis Real Estate Board

(Contiamed. on Fage 46, Col. 3)

‘Stretch’ Space

supermarket floor held onto its price tag. (sociation, Indiana Society of by Willis Adams, association The rollback amounted to about two cents a regular box for|Architects, Indianapolis Chamber Shslrman, and Alfred Campbell powders. Bar soaps stayed. the of Commerce, Indianapolis Land- secretary, same. But behind the soap price Price Office to roll, the Industry scape Association, Indianapolis North side realtors “and the : muddle there is a story. {back to Dec. 8. That aid it. merchants, Indianapelis Real properties they sold include: I OW :

Proctor & Gamble, I am told,i The big grocers who carry a was faster on its feet in raising fortune in soap inventory expect prices than its arch-competitor,ia kiek-back from the soap makLever Bros., or even Colgate- ers for their loss. Palmolive-Peet. { And all tomato products are So early in December P. & G. still short, a lot of off-brand swooshed prices while others got|catsups showing up. Some rescaught. Lever’s went to bat, said taurants don’t serve it. it wasn't fair. | Hams and eggs will be higher Lever Bros. did enough shout- for Easter. Eggs just hopped four ing and table pounding to get the!cents across the board, all grades.

Estate Board, Indianapolis utilities, Marion County League of Savings & Loan Associations, Marion County Residential Builders Association Inc, Master Plumbers Association and Producers Council.

Frank Gates

Local Realtors Association, Formed

Frank Thomas

‘By Accident’ in 1911,

Russe Hartman

Robert E. Walker and Fileber & Reilly—535 W. Westfield Blvd.

Atkinson & Co.-—4201 N. Sherman Dr. with F. C. Tucker Co. representing the buyer.

acres at Emerson Ave. Fletcher Ave.

and

Fred Stilz I Butterworth & Co., exchange —

6840 Dover Rd. 5640 Guilford

'C. R. Fant Joins

W. L. Bridges & Son—Seven|

Committee Seeks More Exhibits Room

Stretching space for exhibitions {of the latest products for midwest {family living is the present projject of Indianapolis Home Show directors. Exhibitor space is “sold out’ for

- ; List Speakers : : Ave. the 1951 show to be held Apr. Hi-ho Silver firriend of mine called and sald some. id, Real Estate Board This Year Celebrates 40 Years of Service ! R { Butterworth & Co.—5631 Ross-|20-20 at the State Fairgrounds. ’ - thing strange had happened in a grocery|members have scheduled talks by| By OPAL CROCKETT : ‘Rassmann, inc. lyn Ave. “But we're trying to find rogm reaway. 8 8018 ticket With a purchase, then dropped it in advertising and real estate ana-| An organization formed “by accident” will begin celebrating] Charles R. Fant, realtor, has| Driscoll Realty Co.—3835 N,|foF a8 few more exhibitors," J.

Then came a call and said she had won a set of silver. Next day a man brought the silver. The day after another man brought “the bill” for $49.50. And being a pretty smart girl,|@ purchase. Whoever read a she talked both the man and the|ticket in a grocery give-away? silver right out the doors But her] What worried my friend was mind didn’t rest. And she called {that a lot of women may have the Better Business Bureau. fallen for it, accepted the silver “Old stuff,” said the BBB. “The and paid for it. man who ‘sold’ the silver probably] The Better ‘Business Bureau ran the whole give-away, and|said there is another version took all of the left-over tickets/which tells the }ripe-and-ready with him.” {that she has won a “ten dollar That could be how he got the down payment on a set of silver.” names. And I have a suspicion | And that sounds like the same that' the wording on the tickets kind of deal—off the bottom of may have said something about the deck.

Gentle Squeezes try.

" Newspapers have given much space to the new non-marketable treasury notes. Close ‘of $20 billion worth are being issued. It was a kiss-and-make-up move between the U. 8. Treasury and

and the Federal Reserve Board |jii¢jo harder for the banks to who had been battling over fed-\¢\,;, their government securities eral interest rates and support of j,.+\ cash. bonds. | And when a bank’s funds are What happened with the new tjeq up in bonds, it has less in securities was that the Treasury| and Federal Reserve made it a' (Continued on Page 46, Col. 7)

Hear Harold H. Hartley with “The Human Side of Business”

You may get lost in this. And I may, too. But come along. Wg¢'ll

lysts. George A. Saas, of the G. A.| Saas & Co. advertising firm, will/dents on that date. talk Thursday at Hotel Washing-|local founders. ton on “The Blind Man and the| The celebration will be held Elephant.” {Washington with R. E. Peckham Roy Wenzlick of St. Louis will|in charge. give “The Outlook for Real Estate| ' Indianapolis realtors met in the in 1951” Mar. 22 when the board fall of 1911 to launch: a civic will be entertained at noon in the|project. In handling the project Indianapolis Athletic Club by the/they saw the ; L. M. Brown Abstract Co., Law-|need of the Inyers’ Title Insurance Corp. and|dianapolis real the Hancock County Abstract Co. estate organiza- . A special guest at the annual/tion and disevent will be Kenneth Crowder of covered realtors’ Detroit, the title company’s rep-|desire to organ-} resentative in Indiana, Ohio and ize. Michigan, | Realtors met Russell A, Furr, president anfl for the first time general manager of the Brown| at invitation of Abstract Co., will have charge of John R. Welch, } arrangements assisted by Jacobi now dead, of the . F. Delker, assistant manager. 2 Indus- °hn Roberts trial Association. Joining other

Scientech Club to Meet [civic leaders, they assembled to The Scientech Club of Indian- sell Mars Hill lots as industrial apolis will meet tomorrow noon| projects. at the Hotel Antlers. Dr. Her-| On Nov. 27, 1911, soon after man L. Shibler, superintendent of|that civie session, realtors met in Indianapolis Public Schools, will|the old Commercial Club and talk on the present problems of (formed the Indianapolis Real Es-

on WISH at 3 p. m. today.

public schools. |tate Board. The club, in the pres-

New Owners

iE SR Hg

515 E. 53d St. Mr. and Mrs. Leslie Bowers bought this brick bungalow from Mr. and Mrs. Edward K. Hawkins. Wayne Whiffing of HawkinsWhiffing was the salesman in the cross deal with Dudley Pratt of Uptown Realty. Mr. Hawkins is a partner in the Hawkins-Whiffing

+

Take Over Keys O

| 40 years of community service May. 3. The Indianapolis Real Estate Board will honor its past presi- cialists with Emil C. Rassmann, Special tribute will be paid to the nine living Inc. real estate firm.

at a luncheon meeting in Hotel

ings, x ‘ | James 8. Cruse, now dead, pre-|

28 realtors who became charter] members, Living local charter, members include nine founders and Albert E. Uhl, a past presi-| dent. John Roberts, one of the found- | ers, became the board's first secretary. Nine Founders Left The local living founders are! Thomas F, Carson, Joseph J. {Schmid and Frank E. Gates, all |past presidents; Russe H. Hartman, Frank L. Thomas, Harry L. Robbins, Fred Stilz, James W. Hurt “Sr., and Mr. Roberts. First officers weré Mr. Cruse, president, who served four years; Mr. Roberts secretary for)

(Continued on Page 48, Col. 5)

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801 E. 46th St. This two-story home was purchased from Mr, and Mrs. D. C. Duck by Dr. and Mrs. Fred Toumey. The transaction was directed by B. W. Duck Jr, of the Spann Co, Inc. Mr. Duck Jr. is the brother of the purchaser, D, C, Duck, who is an attorney.g

f These North And West Side Indianapolis R

ini Rp x

Hunter Co., Inc. E. H. McLain,

chasers of the three-bedroom modern home were Mr. and Mrs. Frank JyMagers. Mr. Magers is with Foster & Messick, insurance firm,

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ent location of Ayres’ men's store, | was the early site of board meet-|

sided at the first meeting. By- |! ‘ |laws were adopted Dec. 29 and |} ¢ [directors named Jan. 3, 1912 by|

1443 N. Bellevieu Place Mrs. Lois Miller, a housewife, sold this home through W, R.

| joined property management spe-| New Jersey St.

Thomas . Carson—3026-28 College Ave. Fay Cash-—49th St. and Boulevard Pl, 223 Arden. Driscoll Realty Co. and Jack C. Carr Co.—4109 E. 38th St.

building, doing| A. H. M. Graves, Inc.—Lot 98, t brokerage and|Sylvan Estates, lot 115, Sylvan property man- Estates. i agement. For 40| Keller years, he was treasurer of the|249 Detroit St.

Keyless Lock| Keller Realty and Jack C. Carr So. asia Co.—5460 Guilford Ave. rn an =| F. M. i : po -| Charles Fant ..ied4 in Indian-|53 sgt Realty Co.~+1351 apolis, Mr. Fant and his wife live, John Lookabill and Jack C.| at 5325 N. Delaware St. They Carr Co.—6035 Ralston Ave. | have two children, Dr. James R.| John Lookabill — 5346 GraceFant of Milwaukee and Mrs. Mar-|land. Jorie F. Carr of Boca Raton, Fla.,| Bruce Savage Co.—4430 N, Me-| and five grandchildren. |ridian 8t., Miller ‘property non Rd.! Mr. Fant belongs to Central 267, 4159 Roselawn Dr. 1629 N.! Avenue Methodist Church and|Delaware St. 5506 W. 15th St. | Scottish Rite. {Gilman property in Brownsburg, - 962 Ellenberger Pkwy, W. Dr.,| and represented seller for 4216 Sunset Ave.

For the last 10 years Mr. Fant operated his own agency in the Lemcke

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Smithy Still on. Job

HARTFORD, Conn., Mar. 10 (UP)—Annual receipts of Con- Peckham —1416 Edgemont Ave. necticut blacksmith shops amount | to $245,000,

{ Rd., 3821 Kinnear Ave.

Sa

6121 N. Pen

redltor, was the salesman. Pur-

the buyers, Mr. and Mrs. George

i]

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b i w ¥

a Creek Blvd. 1242 N. Illinois St. (2P0li8s Water Co,

esidences

Frank Cantwell, rector said. Mr. Cantwell explained that newcomer space is scarce due to the fact that many exhibitors enter the show year after year, Among exhibitors annually |since the first exposition in 1822 |are: Bass Photo Co., Inc., BurnetBinford Lumber Co., Central Wallpaper & Paint Corp., Indian-

managing di-

Realty Co.—131 F apolis Power & Light Co., Indian-

Indiana Bell Telephone Co., Ralph R. Reeder & Sons, Riddick Piano Co. and Hoover Co. i

Always the Latest

“People are used to seeing the latest at the Indianapolis Home Show. Our goal is to make sure that they can see the latest, dospite possible shortages and cutbacks,” Mr. Cantwell said. Centerpiece of the show will be an Indiana ranch style home designed by Ewing Miller, Terre Haute architect. His design was selected in national competition held by the Home Show. The model home will adhere to

Bruce Savage Co. and R. 'E.the midwestern tradition of family

living. Its basic materials are In-

Walt Veon Co.—6565 Michigan diana limestone, redwood, brick

and glass.

nsylvania St. / Walt Veon of Walt Veon Co. represented Mr. and Mrs. Mer» curio Bisesi, sellers of ‘this stone bungalow on the Indianapolis North Side. Charles K. Hall, also of the Veon firm, represented

¥ Beardsley.

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