Indianapolis Times, Indianapolis, Marion County, 6 May 1951 — Page 49

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Y 6, 1951 Guest lay

ut, pianist and of the Jordan be guest artist four programs ta Tau Alpha

m. today in er house. NN. Laut, the

vill give an acientary on the to be given. ew is chairman rees, the annual ject of the or-

ding. programs. 1 Mrs. Dorothea Mrs. Barbara nd Miss Grace

e Lawns

ward ‘soil aeraer than rolling roller. Seems , Squeezed out

'TIQUES TON, IR-8137 at the Murat tomorrow. We Haviland and 1g a game bird platter and six

glass, pattern s of all kinds, Etagere what-

* Jif Sho

HIGAN ST.

ique lamps to tification. Anases, candela-ut-glass pieces n fashining an Free estimates. 6 p.m. Tuesly till 9.

> of two years, | be a part of the polis Antiques Murat Temple, iday, May 7 to ing our usual f the items you

WTON TEXAS

GE STORE “Murat” Show today. Shop closed during show. Will exhibit Pine and other light wood furniture, 5, chairs, lamps, ina and accesil to see this how, folks, and my shop after ete line of ann't have it, I 3, Member, Ansn. of Indiana. ast of Indianmiles West of S. 40.

MARSTON of I TNER FOUN70, Illinois, will Murat Temple . er Indianapolis May 7 to 11. He iscuss subscriptising in Hobnd to take or-

. the . Greater itique Show, starting tomorwill include a of early Ameriana relics and yers, Plainfield,

be a large asrative pieces of Evelyn Smith, .

ART SHOP AVE. HU-5595 e will be closed mmencing toy and continug during the ‘eater Indianolis Antiques iow at the Mut Temple, May to 11. Visit our We will display § procured esshow.

have a part in 7isitors to the apolis Antique variety of inVisit our booth ‘emple, Monday 11t010:30 p. m. ANTIGUES {LAHOMA

SEL, 418 E. RTIETH ST. ler or not peoce to “live with ies” the show Murat Temple, 7-8-9-10-11 | not be missed . and Mrs. Pubainly get your in eye appeal other place will ler range from the ridiculous. I 1onor to .exhibit id you will find s end facing the [ope to see you:

RRA

position, which shows what the tobe insured, so their business

Real Estate

Section Four

The Indianapolis ‘Times

Busine

SUNDAY, MAY 6, 1951

Market News—

Specialty List Features Rise In Stocks

Scores Substantial

Gains for Week By JOSEPH W. MICHALSKI

The Week in Business— Defense Push Easing Off

Bluéprints Remain the Same, But Pentagon Goad Is Lighter

By HAROLD H. HARTLEY, Times Business Edit DEFENSE PRESSURE is easing. The Blueprints,

haven't been changed. The money's still there, and will be! spent. But the Pentagon phish is lighter. ~~ Up and down the defense factories you get the word. The taper-off came with the MacArthur speech. But it took time to come through. ,

The war date is being set,

; { The better grade of scuttleback, the pickup will be more butt dates full war preparation gradual.

And the govern-|in 1954, a year later than origin-| ment is teetering between two A rpned But this can change had been behind the market also questions: “How much defense?” =} . lcame into the picture. Pharma-| and, “How much civilian goods?” Manufacturers are eyeing thelr| . ticals and biological stocks

: ivilian customers more closel The government laid the whip e y ye moved in an extremel wide | on beef prices but let out rope on H. A. Wheeler, president of the y

range. aluminum. It cut back auto Mine % Se Machine ou Dev investment buying or steel Bnoihoy five per cent, but per cert on Ing or In a!ing the week was generally attri haeny ouched steel for canned (gq, months he expects it to reach Puted to the market rise which around 30 per cent. And in the carried the industrial average to The government did clamp the last quarter it may go to 50 or its best level since June 6, 1930. lid on steel for big buildings. 55 per cent. A large number of first quarter Every structure costing over $35- Fifty per cent is about as high earnings reports which were high000 and over three stories has to as he wants to go. He has obli-/ly favorable stimulated the marget the nod from the NPA. gations to his civilian customers ket as a whole. Stock splits and It's a guessing game with the of long stading. And he said he higher dividends also induced Russians calling the tune. If didn't want to let them down. Some buying. they make a move in the wrong Others feel the same. Market experts said the dedirection, defense speeds up. But! The owner of a screw machine mand for specialty shares reif they relax, we relax. company said jhe was having flected impatience of large private I had it summed up “by one trouble with the flow of materials, investors who have “missed the manufacturer holding defense “If they ever get that straight- boat” in the current market ‘adorders. I think he had it right. ened out, I'll be all right.” vance. Allocation of defense orHe said, “We are going to get But you can take it straight ders to various companies also

- ¥

r » pt

those built by- J & L at I1th St. and Somerset Ave. and at 30th

3 4%

in ship shape. Then we can turn that the defense tempo is hitched stimulated some stocks. out fighting equipment as fast to the public war pulse. or as slowly as we please. we'll always be ready.”

But

EIGHT-HOUR HOUSE NEARLY READY—This $10,000 threebedroom home at 5917 Birchwood Ave. is part of Gunnison's Jack C. Carr, Inc.—4353 Guil-| $600,000 65-house’ project on the East Side and in Brownsburg

1 a “e ! _ HY alii 7 I.

| Workers—John L. Peterson, Glen Peper, Roy Adams,

S- r

—

and Stuart Sts.

Carr Sales Top SRE

H. M.

oflll* i | $2 Million for Year | And that isn’t beating very | Jack C. Carr, Inc. real estate hard just now. : Cattle Leads sales total more than $2 million] ! Iso far this year, according to Guy Sharp Decline |F. Boyd, president. ! : That represents a 25 ‘per cent In Prices {increase over the same period last | CHICAGO, May 5 (UP) Cattle ¢2F when sales totaled $1.44 mil in the sharpest decline of the year, Sa ' | | ales to date averaged a half led other livestock prices in al illion each month Tape approxiSlump at the Stockyards this mately 42 properties sold in the Iweek, {last few months on the North As receipts increased during the gjde, he said. period, buyers worked to get| Mr. Boyd directs a staff of 30 {prices in line with the forthcom-/prokers. They use the ‘“Depart{ing Office of Price Stabilization ment Store of Homes” method ceilings. ; whereby clients view in Carr's | The market closed uneven, $1 three offices large pictures show{to $3 lower with instances off ing available properties. more; all grades 'of steers $1.50 faa SS Ue o"—wsr»pi to $2.50 lower with some utility and low-commercial kinds off $3 ort | B A es |or more; heifers $1 to $2.50 lower; ] . =cows—$1.50-1t0—$2:50— Tower; bulls} i ote $1 to $2 lower, vealers $2 to $3 : . lower and stocker and feeder quo- eal qd | 1011 g 3 w tations $1.50 to $3 lower. { KI Traini v # oo % | Prime steers topped at $41.25! . : SKILL SCHOOL- raining lines like this will be discussed Learty hut int mit week the oxarere. 33 Properties sold when the Indiana meeting on industrial training opens in the Antlers peak was $40 for five loads of $474 475 Hotel Friday. Top authorities in the country will tell how to create |prime 1200 to 1350 pound fed OF ! new labor s| ills. Above, at RCA, Jewell Cruze is teaching an elec. |steers; high-choice to good and| Sales of close to half a lon tronic circuit. Shots jSteges aha, yourlings $32.50doliars were reported by the As-| ° The long cold winter tipped jo 20 near the close; utility.to'q ated North Side Realtors for Spring—Pff-ft week. But it didn't tumble gracefully into \O"-E000 steers $27 to $32, a few © : as Ao So) . gracefully into dairy type kinds $26.50 late d the week ended Monday, Apr. 30.| spring. It swept headlong into full-blown summer, Back porch! p . an | thermometers read in the 90s. There was no spring. a few loads of prime heifers $38. Thirty - three properties were People who had worn heavy winter clothing too long, began to|t $39. nothing passing $38.50 sold for $474,475. feel uncomfortable. They spun the revolving doors of department|(f0™ mid-week on when most pere's the report released by| stores. And apparel, long neglect-, Food 12 lowprine kinds 331.501 ye Adams, chairman, and Al ed, had its day. (the cherry trees, unfolding of|to_ $36.75. : : There was a shift, from hard magnolia buds. : ) Utility to low-good heifers fred Campbell, secretary, of the to soft goods. Cracked one mer-| Department stores were doing $25.50 to $31; utility and commer- North Side association. f chant, “Sales in hard goods have better than the’ same week last cial cows $23 to $28 and up to| Butterworth & Co.—106th 3t.| become soft.” year. Summery things were sell-| $29.50 for a few good fed cows;jand College Ave., Road 29- and| All through the winter, and ing. Mothers brought small chil-/canners and cutters $19 to $23,|71st St. most of last year the refriger- dren down to outfit them in play majority at $22.75 and below; fair ators, washers, ironers, TV sets suits. You could hear the children, sprinkling of shelly and light can-! and deep freezers got the money. in the stores. Some lost their ners down to $16.50; utility ang) Tl Are, OB itol| Child Wearing apparel suffered. It'mothers in the crowds, for.a few commercial bulls late $27 to Ave P P icers. looked for. awhile as if people minutes, told the world about it $31.50; good and choice bulls 3s were going to go bare. {with full lungpower. [$29.50 to $31; vealers $40 down J, Fvons-Dromers Ooi Dupe Real Estate— Refrigerators, which ought to! The stores had two other sales- mostly $39 and below with a few o n PL. 3914 ji on a A | be moving well going into the hot lifters to look ahead to. They are very light culls as low as $20; few] OW, haan uilfor ASS} months, ate lagging badly. Wash- Mother's Day next Sunday, and/loads good and choice feeding > oo-2> N- Meridian St. 5831 Hill-] ers are a little better, but not the lush travel season ahead. |steers and yearlings $32 to $35.50 S\d¢ Ave. 4822 Guilford Ave: = | much.

Gregory & Appel, Inc.—140 E.| 36th St. | Haynes Realty Service—Lot 14 Strangers. {in Bullman Heights.

registers a-tingle. Curtains -and one merchant said, out of habit] —r

carpets, even at prices which mer- more than anything else, “But it . chants say are away too high, could be better. (Grain Markets Drop

were selling. It was the pre- Best guess is that even he will Qn Liquidation summer sun, the quick oudding of get his wish. It will be. q Wave CHICAGO, May 5 (UP) — 75th St. and Allisonville Rd.

{Grain markets harried by selling! Harry L. Robbins Realty Co.—

Baltimore Ave. Lot 182 in Can-

pressure of liquidation in May terbury, 460 Berkley Rd.

contracts and were nervous during most of the trade rallying for | Spann C0, JUeom2655:37 Grace. awhile in some sessions only to 2 ve slip lower at the close.

Radio Series

| Better service to the building

wheat, after several independent 38 E. 54th St. crop predictions pegged the win- _ UPtown Realty ter wheat harvest at levels below Delaware St. the government's estimate . on Walt Veon Apr. 1. . Lots 51, 52, 53 in Canterbury, 2421 N. Illinois St., 3355 Forest Manor Ave. 3459 Guilford Ave, 2300 E. Kessler Blvd. (two lots), 1422-24 Marlowe Ave.

ers, Inc.

Co,—T7008 N.

launched the campaign. The broadcast on “Housing Headlines,” sponsored by Spickelmier Co., will be from 12:15-12.30 p. m. (CDT) -over WFBM, today and every Sunday. The program is designed to add good public relations to the builder's job of being an executive, purchasing agent, mortgage loan expert, engineer and superintendent of all trades,” C. R. Krabbenhoft said. > Mr. Krabbenhoft, project man-

5 Luxury Homes Feature TV Rooms

| Five luxurious homes, with Compiling Data {price tags ranging from $46,500 The National Association of

(to $75,000, “are nearly completed Real Estate Boards is compiling

' ; \in Meridjan Hills and are being data on creative realtors wno GAVEL FOR A GAS MAN—E. E. Linburg (left), head of the shown today for the first time. have attained outstanding heights

Richmond Gas Corp., is the new president of the Indiana Gas | Something new has been added in community and.industrial deAssociation. He's taking over the gavel from C. K. Graham of the (to these one-story, all-stone, velopment, city. * planning, and

Southern Indiana Gas and Electric Co., Evansville, retiring president. ranch-style homes. Each has a civic improvement. {television room. sierra

The Indianapolis Auto Trade Association came up with| Frederick Realty and Construc- . ‘ Straws the April rs on sales last week. It showed the tion Co. is putting up these houses Course in Real Estate Popularity lineup. Chevrolet was first. | : : in a quarter-million-dollar de- Real estate is offered as a maSecond was Ford, and Plymouth, third. Fourth was Buick; velopment, and Bruce Savage Co. jor or- specialization to underfifth, Pontiac, and the rest of the first ten ‘in this order, Dodge, is offering them for sale. graduates in 32 universities and Oldsmobile, Mercury, Chrysler, and Studebaker. They're located at 7665, 7735 colleges, according to, the Na[4 and 8232 N. Pennsylvania St.;'tlonal Association of Real “EsFARM INCOME dropped In conference at French Lick, May 7489 and 7499 N. Illinois St. itate Boards. April the second montk in a row. 16 to 19, o

2 2 Purdue reported a two per cent] Admiral

well, vice chairman, of the drive. Serving with them are. Walter Barrett, William Beck, R. 8S. Foster, T. E. Grinslade, T. N. Meredith, Floyd E. Osborne, M. G. Gerdenich, A. Jorgenson, James H. Ward and Robert L. Dawson.

RED

Zacharias, retired a ’ drop in the April index, but it still Naval cloak-and-dagger chief, its . : i

left the farmers 28 per cent above top off-the-beat attraction. a year ago. ‘

C. 'V. SORENSON, vice presi- told the Bloomington Life Under-| 5% - dent and manager of the Indiana

& Michigan Electric Co., issued writers Association that business- 3 : invitations to the dedication of men ought to stop “running to

the new Tanners Creek Plant in Washington.” It isn’t good for Lawrenceburg, Ind, May 24, 10 {pom or their business.

a. m., and it's RSVP. { The Indianapolis Industrial Ex-| Then he told them they ought

| | f

R. W. HILGEDAG, attorney,

town makes in Union Station, won't ¢ave in. if they kick in. |

wound up April with $2641 in the, ; . A till. During the month it had an| A AND YOU CAN “TAKE your | fron lung ap exhibit with a coin! dog on vacation this year. The | slot. It took in $454.60. hotels and their arch-competi- | tors, the. motels, have got wise. THE INDIANA Manufacturers They're putting out “Your

Association will hold its spring Dog is Welcome” mats. Hear Harold Harfley with “The Human, Side of Business” on nnsylvania will be open for public SH at 8 p. m. today. : Meridian Hills ovaiermod, : ait fe A

% 2 . . ‘ | ‘ ; a re Ty So . '

OPEN TODAY—This_one-sfory luxury -home ‘at 7735 N. showing today. It's ®ne of five ranch-style houses in a $250,

E building codes.

Architects and Builder Inventories didn't look so big and a few light dairy-bred stock A+ H: M. Graves, ne.—1416-18| J MN L St : Housecleaning time -set cash tast week. Money was rolling. But steers $24 to $26. y ig Ave. | re w onger rangers Once upon a time architects and home builders were practically It's different now. They're teaming up to fight waste and give

John Max—Southwest corner of the average home-buyer more for his money. A joint committee representing the American Institute of

flurries and international de- 000 N. Meridian 3t. (Lot) | Architects and the National Association of Home Builders has Velopments dipped downward at Bryce Savage Co. — 545 W. . : {been working for a year to find e Board of Trade this week. how the h Tie. MEriote he or ie Drive in Woodruff Place, 3202 Builders Begin | ome builders can tap

the architects for some of the Homes Sold,

|services now enjoyed by only the ‘buyers of higher-priced homes.

| F. C. Tucker Co.—46 N. Ed- public is the aim of a drive by| 1°0day the committee reported Buying interest’ came mostly fn Tundson St. 5713 Keystone Ave. Marion County Residential Build- ‘hat too few architects are pre-|

|pared to give the large-scale

Sunday radio broadcasts and Pullders the special services they,

Co.—5219 Park Ave.; letters to builders with sugges- need. The aim is better-bullt, I tions for better serving customers better-planned, better-value homes!

for the average home-buyer.

What does the builder of hun-| §

dreds of homes need? The joint committee says he’ needs help in site planning. He! needs advice on color. He wants

to learn how to avoid that moriot-| onous look in developments where| all the house are nearly identical. !

As John Highland Jr., a Buffalo!

architect on the com

ittee, put it: “One bad doorkno

American technical genius is expressed, but it creates problems of its own.” Now that the architects and builders are working more closely together on a national basis, {Kenneth E. Wischmeyer, the St. {Louis architect who's chairman of [the joint committee, emphasizes the need of extending this to each

community. .

How to do it will be one of the

problems before the national con-|

vention of the American Institute or Afchitects when it opens in Chicago day after tomorrow. One result of the growing, teamwork between architects and builders is a resolution calling on the National Production Authority to take steps to prevent the waste of building materials. The resolution warns , that copper, steel and other scarce items are being wasted by obsolete con-

It urges the NPA /to see that this waste is stopped on any new housing which the

Continued on Page 51—C#l. 4

is un-|

|, made the sale.

Real Estate ...¢eee... 50-52

BS suas visine sine-SO-B7

Small.House Plan ........ 5l

Three Factory-Built Home Projects

Houses Are

Inc.

The Gunnisons

oing Up To Ease Dwelling Shortage

Gunnison, National

Included

123 Residences, Worth $850,000, Tabbed “For East, Southeast and Brownsburg Factory-built homes, costing approximately $850,000, soon will help relieve the Hoosier house market. One hundred twenty-three houses are under construc‘tion on the East and Southeast Sides of Indianapolis and in Brownsburg. Sixty-five are Gunnison homes, built by Good Homes,

Fifty-eight are National Homes, built by J & L Realty,

The Nationals

Sixty-five Gunnison homes Six new GI houses went up

Be will be ready for turn of the last week around N. Bolton

front door key by late sum-| Ave, launching a J & L Real-

mer. Located on Indianapolis’ Southeast Side and in Brownsburg,-the

PART OF $250,000 PROJECT— ifty-eight National Homes similar To “this one will be built [two projects will put< approxi-

around N. Bolton Ave. and N. Adams St. J & L Realty, Inc., is local dealer. Homes will be similar to mately $600,000 worth of homes

{on the Hoosier house market. Construction of 40 homes is already under way at the south-

west corner of Keystone Ave. and|

Raymond ~St. | In charge are Riley McGraw, {manager of Good Homes, Inc, {local dealers for Gunnison homes, {and Edward Crafton, construc[tion manager. These houses are in the vicinity jof 56 Ngnnizon homes already (completed. That project cost approximately $400,000. All of the 56 houses are occupied.

25 for Brownsburg

Twenty-five homes are planned for Brownsburg, an addition to the five already sold and occupied. Some of the houses in the two planned projects have been sold. {They are GI and FHA-financed, with down payments from GIs approximately $1000 and for nonveterans, $2300 and. up. Local houses will range in cost from $8000 to $10,000. They have gun-type oil furnaces. The Brownsburg homes are larger and will cost from $9000 to $11,000. They are équipped with automatic gas furnaces. Furnaces in Gunnison homes are specially equipped with fans {that draw cold air from an en{closed area under the floor, cir-

| culating it through the furnace |{for warming, according to Mr. nants around $60.

Down payments in the FHA- :

McGraw. .

Vary in Design

| Houses in both projects are {frame in varying pastel colors, ang}

{with two and three bedrooms, {without basement.

They have living room, kitchen

'ty, Inc., two-fold $250,000 building project on the East (Side. The six houses, located in the 3000, 5700 and 5800 blocks on E. 30th St., are part of the 28-house Fast Side project for GIs to be ‘built by J & L, Inc, in eight weeks. The second project, FHAfinanced, will include 30 houses in the 3000 block on N. Adams St. Work is expected to start in midsummer. These are factory-built houses manufactured in Lafayette by National Homes, for which J & L, Inc., is local dealer. Houses in the two sections will be similar with colors and designs varying. . Each will have living room, kitchen, bath, utility room, ample

closet space and two or three bedrooms. Floors will ‘be concrete slab and asphalt tile. They will have oil furnaces, automatic gas hot water heaters and Youngstown steel kitchen cabinets, =e Price depends on the number of bedrooms and ranges from $8000$8500. The GI down payment in the N. | Bolton Ave. project will be from |$750 to $850 with monthly pay-

financed N. Adams St. home secjson will be slightly higher, according to John B. Lookabill and William Jennings, J & L, Inc. |president and secretary-treasurer,

with dining space, bath, utility respectively.

room, and adequate closet space. Floors in the kitchen, utility room and bathroom are tile, and American cabinets made in Connersville are used in the kitchen.

Realtors to Tour Nat'l Homes Plant

Veterans Can Buy New Homes Soon

26 Going on Sale

A tour of the National Homes» |n Beech ‘Grove

factory in Lafayette will be made one week from tomorrow by Indianapolis realtors and home appraisers. Two chartered busses will leave Terminal Station at 12 noon Monday, May. 14. Members of the Indianapolis Real Estate {Board and the Society of Residen(tial Appraisers are invited to take {the tour. James Price, president of Na|tiorfal Homes, will show the visitpors through the plant. Afterward, {they will have dinner at the {country club as guests of the | company.

Low-cost homes for veterans only will go on sale in Beech

Priced from $7850 to $8400, 26 two-bedroom houses are being built in the Park Crest Addition. Half will have attached garages and will go oii the market for $8400 ($900 down payment). The 13 without garages will be priced at $7850 ($750 down). Underwood-8impson, Inc. is of|fering the homes for sale. The [firm says priority will be given | veterans whose applications have already been filed.

4765 E.

{ \ f 3}

2438 S. Randvlph St.

Mr. and Mrs. Fredric D. Woollard have moved into this mod. struction methods and out-of-date - ern, home on the South Side. Mr. Woollard, who has taken a pé-

sition with the Indianapolis Power & Light Co., Mr. and Mrs. Charles E. Weaver. Completed

East and South. :

EY Bg

65th St.

This two-bedroom home on a wooded site along a creek has ager of Grinslade Construction fortunate, but thousands are a been bought by Mr. and Mrs. Henry Schneider, who will soon Co., is chairman and Frank Cant- catastrophe, Mass production of move in. He's vice president of Sanborn Electric Co. Gil Carter houses may be one way that! made the sale for Mr. and Mrs. Jack Graham.

& Ny

house has two bedrooms. Kitchen and bath are tiled. Al

Grove within the next two weeks.