Indianapolis Times, Indianapolis, Marion County, 13 May 1951 — Page 43

13 1951

nd advice on incomparable ndations and

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Real Estate

The Indianapolis Times

Real Estate ...........43-45 Business .......o000...43-45

Section Four

pa.

SUNDAY, MAY 13, 1951,

Small House Plan. .........45

*10 Million In Rental Units Ready By Fall

City Hustles to Accommodate Families

i] § > 1000 To Get Dwellings | In Apartments, Houses; - ri 1100 More in Plan Stage

ks a

ti er RAs

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As Industry Expands, Drawing Fresh Labor By OPAL CROCKETT Rental housing estimated at $10 million pyramids into

Indianapolis skies. Approximately 1000 rental units spiral in all sections of the city. Included are about 800 apartment units and 100 houses and doubles. It's home for hundreds here, at long-last. Builders, with co-operation - ——

i . ie a) b * of remanenebets mee PHA Waits Nod On 787 Units

lis Real Estate Board, expect to add 1100 more rental units to acRealtors, Builders

commodate the civilian employees due by 1952 at Ft. Harrison's new Finance Center.

9 How many rental units are needed is anybody's. guess, Fred . . ng C. Beyer, manager, Indianapolis Fight Local Projects 2 -, ; C, of C. Industrial Department, Bv BILL FOLGE on FAMILIES MOVE IN—E. F. Hohlt & Associates recently finished these 14 Washington Apen HOUSING NEAR HEART OF CITY—Essex Hors, 407 N. On St. 390-unit apart- said: “Forecasting the employ-| | sain to LOER Publi _ments, 4-8 N. Butler Ave. all occupied. ment under construction by J. L. Simmons Co. ment need for industry (and con- gion no e Fuble sequently the housing need) de- Housing Authority of Indianapoer $100 : pends on what extent, if any, em- lis will start work this summer \luation A ril Building ployment in civilian goods pro- on three South Side projects with IH duction will be decreased due to low-rent apartments for 787 materials and production facili- families. ties shortages brought about by Harry V. Wade, chairman of —- p S ecor ‘ the defense program. {the local authority, said three hy 5 “Industry is producing both de- applications already have the apCleaning, t D i fense goods and normal consumer proval of the Chicago office of id Mo er S ay But Construction goods. Obviously, if the defense he Public Housing Aythonity and 3 program is stepped up there will have been forwarded to WashStorage * og: Of Homes Lags pe some corresponding decreases ington. » i is f a es Home building began to level SESE. ,. [in production of consumer goods | “These applications,” he added, p Yours {off last month, but the rise in » |freeing workers on consumer, are specific and complete. If [public, industrial and military |goods, already housed, for defense! 'PHA in Washington approves and

By Harold Hartley

‘fimes Business Editor

{construction continued. | Latest government figures show that $2353 million were spent fer I

jobs.” .

President Truman signs them, we ‘will proceed to acquire the land ‘and take the steps necessary to build.”

25,000 Expected G. William Mohr, executive vice

HE GIFT made cash registers sing. construction in April—a new recA LIFT FROM T 3 SD od fof The LID Ap president, Marion County Resi- One of the sites is the old Hoosiers paused, ran their life reels backwards, then ran 10 "yo" ¢ work done on private |dential Builders, Inc., estimated circus grounds at Southeastern

shopping*counters. And Mother's Day took its buying rise: Sales were good, mostly in ready-to-wear, blouses, handkerchiefs, handbags, hose. Aisles were packed from Thursday on. One clerk glanced toward the door, said!

homes amounted to $911 million— 7 per cent above March and only 3 per cent above April, 1950. This small increase over last year was entirely due to higher costs. Home-building activity was begin-

a oe

ad

installations and in industry will!

|eity py 1952 with approximately

{15,000 of them needing rental and| sale houses, in a recent survey. add 1500 low-rent apartments to

‘the civilian personnel at military and Keystone Aves. The other two

sites have not been disclosed.

Plan 713 More Units The local authority, hoping to

{bring 25,000 new people to the|

19th St. part of the | Twenty-one hundred rental {the city’s public housing, is now

C she couldn't see a blade of ere. Few, if any, are happy. ning to lag behind last year's {00 HOMES, ut rec rm doubles, 4605-4607 E. orenty.one hundred rental ry On Dlifie to. SOneiruGE . daylight. “Arid the willingness to live under record. properties built recently by Bruce-Zeager Corp ee _ erlrscently finished, the other half|four more buildings which would - showing a thoroughly controlled economy Construction of stores, Festa ee ; ~ Twell:pl d is big-ti t {accommodate 713" Tames rit Soft ‘geods were showing is sagging badly rants and similar commercial It 1 Names Make News— Ie Pane me FoneuC | Rents would average about $30 life. The quick burst of warm ik oF ba Ys it. the MacAr- buildings fell off in April The 0 | f d es | jon, r. Beyer and Mr. Mohr! wir iq it fi % ngs » i Statistic agreed. | - weather did it first, then Mother thur blow-off, and the simmer- Bureau of Labor Statistics of The 8 st! Local realtors and builders are

er's Day stepped it up. The stores

did well. More important, so did

down in Korea.

Hoosiers were straining at the

U. 8S. Labor Department and the Building Materials Division of the

Exceed $200,000

Abrams Accuses Noy

“We're keeping up with vear, a record year, and we're in tune with the fast post-war build-

strongly against government housing.

rT <Q ® the mothers. jeash to go back to their oid YU. 8. Department of Commerce N Vv f W 4 St | Last week, Fred C. Tucker Sr $ i ” ’ ry » Prices seemed to bother no one. aye Oe ages run. Said indications are that the peak a Y 0 as ing ee ing pace,” Mr. Mohr said. Wr . s Shi Ways, leL-prices and wages of such building had passed. | Rental housing projects are| ote Sen, Homer E. Capehart,

But in the offing, just seven weeks away, the whole question of price

controls must have a fresh ver-

dict. Before July 1," Congress has to decide how much of the emergency law, giving unprecedented powers to the President, will continue to live.

There's still the mirage that wages can catch up with prices. | But in the very ring where they fight it out, they continue to fatten the vuiture which can destroy them both. That's inflation, the tissue paper prosperity, as phony as a golden harvest moon at a fraternity

During the first four months ot! this year, new construction val-| ued at nearly $81; billion was put| For $200,375 in place—an increase of 20 per| Sales of more than $200.000 cent over the $7 billion during the were chalked up by the Associsame period last year. Private ated North Side Realtors during outlays of more than $6.3 billion the week ended Monday, May 7. were 18 per cent higher, while, Twenty properties were sold for

20 Properties Sold

The managing director of the Construction League of Indian-

apolis.last week denounced government building as “the most waste- Apartment project by ‘L.

ful and extravagant known to the construction industry.”

“I don't believe I have ever {heard a really good reason why {we should have public housing and rent control in peace times,

headec by the $4!% million three-; & LL.

‘Building Corp., including tne!

Marshall Abrams said the federal government is making no Sherwood Apartments, 13th ard|,.4 it seems to me that the trend

attempt to saye steel. “You can bet your bottom dollar,” Mr. Abrams asserted, when the Army or Navy build a ————

new building, they specify steel the Indianapolis Better Business| tenag 100 unit apartments, 35th

“that costing a million dollars and par-

|Delaware, a nine-story 109-unit

in Washington now points toward an ultimate ruination of almost our entire economy.”

‘Builders Can Do Job’

tially opening last week; Fron-

nd N. Meridian

= public expenditures of more than $200,375. wherever steel can possibly be Bureau —-R. E. Peckham. Sts. and Shore-| Controls. are. chafing every-;dancs. $2.1 billion rose 25 per cent. Following is the week's report used. No effort | To the board of directors of the And Towers, 238 units, 3710 N.| Mr, Tucker appealed for revival Pl Co-dated with the renewal of con- rr las released by Willis Adams, iS made to sub- Indianapolis Junior Chamber of Meridian St. to be completed late of old Title Six of the Federal The Master CAN 01s will be the unveiling of a new gy® |chairman, and Alfred Campbell, stitute a mate- Commerce John Wallace and ‘his summer. Price range -$82.50- Housing Act, which allowed a - met of initials. It's the CMP —Controlled Materials Plan. Dinner to Honor {secretary rial or type of Mendel - 0. McCarty (associate $120. one-bedroom efficiency. (builder to borrow up to 90 per The biggest gripe, mostly in small industry, is “We can't get | Fay C. Cash--46th St. and construction [ member}, | Others are: cent of the appraised value.’ He materials. And we can't get war jobs. We're facing layoffs, and | Boulevard Place (lot), Lot 28 Me- Which would aid me mre WASHINGTON APART- also told Sen. Capehart the gov< - ridian Hills north of 75th St. in the program} MENTS by E. F. Hohlt & As-/ernment spends $16,500 for a

the loss of our labor.” CMP is supposed to cure that.

But insiders say bluntly that it|"* But out in the cold is the eivil-| will only make the rage for civil-{ian plant still trying to survive.

jan metals rougher than ever. CMP, which will be explained

fn Orchestra Hall in Chicago on|

[It has orders, but how to get the|

materials? That's the scramble.

The little!

| (Harry L. Robbins Realty Co., co{operating broker.) | Maten G. Gerdenich Realty Co. —3129. W. 61st St. Gregory & Appel, Inc. Box 255-E R. R. 10, Wanamaker Drive.

Builders’ Group

Radio Equipment Co. To Be Hosts

Realtors to Tour Kingan Plant

Indianapolis realtors will tour the Kingan & Co. meat packing

of conservation. * “Certainly,” he . added, ‘“‘the public would not object to tight restrictions on

sociates, 4-8 N, Butler Aye. 14 housing: unit which a private units. Cost approximately $160,- builder can put up for $10,000. 000. Rent—$65-$100. Completion, And he added: in six months. Efficiencies. | “When the national budget is Wilrene Realty Corp. Thirty- so strained and looking for—or two houses centered at 6130 N. at least should be looking for—a

; S : : : io | ; , 3933 structural steel lant t Th d Tuesday and Hoosiers can at-/plant owner will have to rough Haynes Realty Service —3933 8 Mr. Abrams |P/ant nex ursday afternoon. |caryel Ave. Cost, half million method to curt ures, fend with tickets from the NPAland-jumble it with the industria] Tadlo, Eauipment Co Scale Riley Ave. i he Save th | Members of the Indianapolis goijars. Rent, $95-$100. One bed- why not a Xo be Office—has an “A” list and algiants. And frankly, he doesn’t Will Be hosts May 0 Marion| F. M. Knight Realty Co.— ment would practice the same Res) Estate Board will celebrate room. lic housing? re

»"B"” list,

The “A” list grabs materials]

{stand much chance.

Many little side street shops

County Residential Builders, Inc., Northwest corner of College Ave.

at a dinner in the Athenaeum. A and 93d St., (three lots).

measure of conservancy it sad- parm Day.

dles upon the people.”

Luncheon is scheduled for 11:15!

Essex “House, 407 N. Pennsyl-| “Private enterprise can do the vania St. Owners, Warner-Kanter. Job—and with the revival of old

: ho! ; 1 period at 5 p. m. will pre-| TT. N. Meredith-—1744 N. Pennrime contractors, those who will feel the steady, insistent res- Socia ep . Fenn ? m. in the Kingan & Co. Cafephil Dr orders direct from the sure of the materials Hy cede the 6:30 p. m. dinner. sylvania St. Curbs on Schools : teria. ewan TaRrIre oe of Birmingham, St. Louis and FHA Title Six, the private builder H. A. Hollibaugh, president, Bruce. Savage Co.— Lots 11 and Mr. Abrams reported that the Cincinnati, with J. L. Simmons Will go to even the most isolated

government. The

“B"” list is for|

For some it may mean the

Walt

National Production Authority is

go through the packing house.

Construction Co., contractors and Place. When the voice of the farms

a ei rae rindi : i > s -12 in Highwoods, Lot 147 in Artheir suppliers, the sub-contrac-|grinding to a dead stop, with em- Radio Equipment Co., is in gen Hig S, 4 y Fred Mitchell, chairman of the : tors. Both will get what they ployment reduced to one. eral charge. den, 825 Essex in Lebanon, Col- Seriously i the same Farm Day committee, is in charge Merritt Harrison, architect. Units er BY the voice of the meat pack+ want. He'll be the watchman. “Current Trends in Builders’ Well property in Brendonwood. [CUrb® ON new SChOOIS, NOSPIA Sof 5ppgngements, > total 390 at approximate cost of ers and the voices of many other Co.-- 3950 and public works as now apply to - pn $3.2 million. Rent $90-$110. Ef- industries are listened to, why

Market” will ‘be given by D. F. Veon Realty of Mullins Winthrop- Ave, 258 N. Pershing,

commercial construction.

$258,750 Veon Sales

ficiencies and one-bedroom apart- can't the voice of the American

Jr., sales manager : ” y Ave., 4912-14 Winthrop Ave. Lot, He doubts that it will work, ment. Completion scheduled builder and realtor be consid Manufacturing Oo. of Warley), 0; 20 F tv E The Construction League leader J 1 1s0? ered 20 in Fores jew Estates. > f > £8 8 an. 1. also?” Member Drive Pushed Robert E. Walker. 7780 N. #8aid: Set 30-Day Record Bruce-Zeager Corp.—One hun- a

The dinner will be part of ac- penngyyania St. tivities for Residential Builders’ , co-operating broker.) membership drive with each mem-| po.q4 Woods & Co.- Lot on W.

(Evans-Bromert matter of licensing

be

“We were led to believe that the

The Walt Veon Co. has hung up new sales record.

This Indianapolis real estate

under NPA,

to save critical materials would

ber asked to take a prospective nrihacota St. member. Fieber & Reilly—1534 N. MoreMarten Blunck leads with Rob- land Ave. 6602 Caroline Ave.

ert Wirsching second, and C. R. - CROSS - SALES for the week

cago office are telling us what we

locally administered. “No such condition exists. “A few bureaucrats in a Chi-

firm has done more than onequarter of a million dollars of business in the past 30 days alone, and its volume for the first four

dred rental doubles at cost of $550,000, (already occupied), with 66 in the block south of Christian ark on Fletcher and Dayton

Aves. and the others in area of Council to Meet

19th St. and Drexel Ave. Each George S. Jones Jr. of Evans. house hag a one-bedroom and two- ville will speak to the Indianapolis

Sales Executives’

Krabbenhoft and George Roe- can build in Indiana, and even the b Sales Executives’ singer tied for third place. ended Apr. 30: decisions made in Chicago are months of this Year was neafly edroom Side. Zor” has pl d Council tomo r = 3s Jack C. Carr, Inc. 4353 Guil- finally reviewed by other bureau- ©ne-third higher than for the nger’ has plunge row nigh New. Members. Lited (ford Ave. (co-operating broker, crats in Washington. .. . The guy Same period last year to be spe- Ina this very big pie. Trailers Maret, - ne Among new members are: Bruce Savage Co.)-6514 Victoria at a desk ‘n Chicago or Wash- cific, 32.7 per cent higher. Se housing RppraYinately 2000 on social Bo win Walter 3. Jnson fo. Westin. Drive, (F. C. Tucker Co.). ington doesn’t give “a hang Sales for the past 30 days total increasing space this wi Bgl J precede the 8 ; . ouse Electric Supply Co.; Ralp Alfred Campbell 4250 N. Cap- whether school keeps in Indiana.” $258,750. "rh Two, : y Peay yoy NINETEEN DOORS—New home of International Harvester's E. Brown, plastering contractor; itol Ave. (A. H. M. Graves, Inc.). Besides Mr. Veon. the agency CLUDE to F. W. Rolle. He ig P Mr dinner, Motor Truck Branch, 3414 _E. Washington. It has 18,000 square Melvin L. Wilhoite, builder; How-, Evans-Bromert Co.’ 2944 Realtors Elected includes Charles K. Hall, Ken Ske Hive neorelyy o Re Ind}, vice Oi 3 . “ . ’ SR feet, plus a 20,000- ciigre foot warehouse, and 19 doors, one for ara X Lewy, Footer; Central In- Princeton Place, (John Max Real- To the hoard of directors of Whistler, Wayne Dunifon. Mau- Rig wiki Rk avon Servel, Inc. He each truck stall. The branch will keep its West Side service station un gy Ei Sheet ro Savage Co.—Lot 182 in aa tse Railways — Georgeirice R. Davis and John Sanders. way include the G. & A. Trailer] is past president A -C y Glass ow 14 | uce Savage Co. i . ‘Kuhn. : ' a | at 1065 W. Washington. 1 Metal Co., Lumbermen’'s Whole- Canterbury, (Atkinson & Co.); 460 To the hoard of directors” FN 5 le M pe ae Pal z Fe yon) . J ssachusetts Ave. w $ I've been looking at a list of names, | sale Supply C orp., Alig-8 Stark Berkley Road, (Robert E. Walk- the Construction League of In- ame ales anager Fran user 275 i apace Sales Etrapven The Hig her Hills It's a “Who's Who in Businea¥’ Construction Cou Milo R. Delian, er). B dianapolis—Fred L. Palmer. Leslie R. Taylor has been aDP-'y00.trailer park at 5106 Massa | Mr.dones 0d active in uilder, Mercantile Mortgage Co.,| F. C. ker Co. 36 E. 54th St, New sales : g Yet 1 did "9 find these in a directory, but on a letter, down the side Arab Pest Control Co., gags Leo (Jack ker Ca ) 8 ai eppon ne Marion De Ae Be St He thuselis Ave, by F, C. Pridgen. [Several marufacturers -SFpERisi of the front, and on the back. Friedman, floor coverings: K | y Af eas ” N . ; oy : : . Sx Two trailer parks at Ft. Har-|tions gs: Key Uptown Realty, Co. T008 . Welfare Advisory Committee -- N, Illinois St. The appointment rison already have re-opened for Ladies’ night will be observed,

It starts off with. W. R. Sinclair, chairman of Kingan & Co,

and Russell I. White, president of the big Indiana National Bank, yp.

een ga htt es —

stone Hardware Co.; Veline Co.,/ Delaware St. (American Estates

and Mortgages, "Inc. Co. ).

Bruce C. Savage. was announced by B, F, Simmons, To the board of directors of owner,

and 10 salesmanship awards will

Continued on Page 45—C ol. 5) be made.

| heads of department stores, real - - - — NT - So ee astate-firme-and- -factories. a pent I Weir, the steel man. and PPE Bro ppp coef Re et tr i tite ec nn cinta Then there's Dr. H. N. Middle- There are the names, but why? -Re alty B rok “Sold The Attr I Ci i ho bu Ho! fla . ~~ ton, leading Negro physician, and I think it is simply this. It's the. ers 5 ese rac ive | y, U ur an ouse S s) Clarence Efroymson, the econo- long reach for understanding, a Bo a J ™ . sweep of the hand of leadership mish oe De post brant to wipe out one of the last totterover In Anderson who makes ing entrenchments of misunderRa Javground equipment. Big men, standing the ‘difference .between playg . the color of one man’s skin and all. . another's i? What brings them together? wo, vou think what education) One of the noblest efforts I've io, . pi,a4 sense, you begin to ~ come across, the United Negro , .qerstand. Education, as I see it, College Fund. It helps to support ;. in, capacity for undestanding 32 Negro, universities and col- 4, word around us. That infy leges. cludes its people. Alexis duPont Bayard is in it. That's why the big names. They ’ 80 is AFL's William Green, and know where we want to go, and " - Texan Jesse Jones, Fowler Mc- the short cut over the higher hills Cormick, Eric Johnston, and Er- of learning to get there. hs? Bill Schloss of the Indianapolis Morris Plan ir an ¢ :

Straws

He said “installment loans to consumers.’

“Industrial banker.” I asked him what that meant. ' He doer help out a

small business man once in awhile, but most of the contract signing :

is by wage earners.

| He is on the hoard of the American Industrial Bankers Associa-|

Continued on Page 44 —Col. 4)

~~ Wlear Harold Hartley with “The Hunan Side of Business” on WISH at 3 5a m. today.

Acton Rosd, | Mile North of Acton

Mr. and Mrs. Hiram B. Crandall will soon be moving into : this brick Cape Cod home on a one-acre wooded lot in the southeastern corner of Marion County. Robert Houk of F. C. Tucker Ca, told i for Ma and Mrs. Leslie Anderson,

¥ =

4:6402 N. Park Ave.

This three-bedroom ranch-style house is the new home of Mr. and Mrs, L. W. Lafferty, Mr. Lafferty is with the Gulf Refining Co. Jos Berger made the sale for Mr. and Mrs. Merman Morphew,

q - .

5616 Central Ave. » IR This home, located at 5516 Central Ave., has been AH by Guy F. Boyd, president of Jack C Carr, Inc., realtors, to Mr, wd Mrs. Arthur Lathrop. Mr. Caton on attorney. Al