Indianapolis Times, Indianapolis, Marion County, 27 May 1951 — Page 39

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Real Estate

Section Four

The Indianapolis Times

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Real Estate ........ 39-40-4| Business ....convecees 39-40

Small House Plan ..v..... #1

SUNDAY, MAY 27, 1951

Luxury-Class Homes By

The Week in Business— Eat, Sleep Spots Geared for ‘500’

By Harold Hartley | 3 : Times Business Editor 7 | ~. THE EAT AND SLEEP busiifésses are tuning up prices| Jar. Race Day. Bit the side 3 fat as last year. = 5 - Td ay : As Race Town rolled-over the week-end, hotel reserva- | tions were off about 20 per cent, a tattle-tale figuse on ticket sales at the Speedway oval. : : Restaurants will strengthen prices. But if they're already doing well, it won't do much good. There's a ceiling on profits. Plenty of people went to the Visitors and Convention Bureau for sleeping rooms in private homes. These are renting from $5 to $10 a night within walking leisure ciothes in Nylon and Nylon distance of the Speedway gate. |mixes are getting the play in| It makes a good day for close. Preather weaves, flowery pastels] by homes. Some have as many Seersuckers, denims, and the ‘‘coas three rooms. If these bring in Ordinates,” sets of tops and bot$30, the owner can then rent his {0ms Which can be interchanged lawn for parking, maybe $20 to make fresh and interesting more, clean up $50 for the day. combinations. The bars will get a swing on It's a bathing suit year. It's Tuesday and Wednesday nights, the dressy types, they show less, but nothing like they get when leave more to imagination, prethe race comes close to a week- Serve woman's “mystery.

end. Fans have to get back to It's going to be a play year. The work. tee-off date is Wednesday, first

The stores will unload their summer holiday, official nod to all sun counters, tinted glasses and! America to go out and play. The Speedway will become a foodway.

Hot Dog Days Not all will huddle to quick lunch counters. Brimming baskets with sandwiches, soft drinks and beer, will go into the stands by the ton. It's really a picnic day. The super markets are ready. They'll have cold meats in profusion—fancy mixes, straight ground, or boiled ham. When a couple hundred thous- — and people decide to eat picnic store will pour out cases of constyle, at the races, in a quiet centrated juices, gallons of meadow, a cool park or on their jamonade. own back lawn, the grocers know g ia i I it. The salad dressing shelf melts The grocers have it figured In this way. Being spotted in mid-|

away. The other spreads and week, the picnic buying won't in-

cheeses will move in volume. Hot dog buns and what goes terefere with the following week- | in them, even to the slacks-spot- end stock-up. So the grocers will | ting catsup and finger-dripping get two substantial shots at the| mustard, hamburgers and round!family food budget. One will be. buns will be featured in tomor- outdoor eating, the other will be| row and Tuesday's food ads. indoor eating. i

And the deep freezers in the! They'll collect both ways.

- -—— mo — ’ evan plglenerne the a

tanning lotions, visored caps, sun | § suits, shorts and pedal pushers. There's a boom blooming in the | whole summer apparel business. | It includes men’s wear, slacks, | indoor-outdoor shoes, even to those sport shirts in loud, butterfly patterns. . It's strictly weather. And

ONE OF || HOMES—Built at 5718 Atherton, N. Dr.,, by Meridian Construction Co.

"home at 8015 High Drive. Built-in features, exquisi

IT'S OCCUPIED—One of several upper bracket homes by

Frank Parrish Jr. It's at 33 E. 75th St. by David H. Augustus in $30,000

CONTEMPORARY AMERICAN—Emory Baxter built it, 525 Forest Blvd., . Williams Creek. J. O. Birr lives in it.

of an expansive

Building Slowest In 4 Years

Home-building went down in{stead of up last month. It was the slowest April |four years. | The Bureau of Labor Statistics] estimates that 88,000 new homes |were started in April—5000 less than in March, 45,400 less than in April, 1950. (These figures do

‘not include farm homes.) | The 346,900 begun during the They expected a slight slump [frst four months of this year toward fall, if defense orders are |were about 15 per cent below the Stepped up. Dollarwise,

record number in the same new construction, months of last year. as usual, was ahead of modern-

Even so, the Bureau s ays ization, though repair business is ‘homes were going up at the rate 800d. : ot fill housing demands coming! of more than 1 million a year The radian; heating plctiire after World War IL. We have Credit regulations were blamed looked bright. ope He oy vet to handle the influx of peofor the April slowdown, which has been successfully replaced bY|ple coming to the Army Finance

the daily bath. Builders, Inc., services haven't ! Everyday plumbing and heating fixtures are still to be had. Hot water heaters and furnaces are pretty plentiful, after a shortage. Disposals, clothes driers and dishwashers are coming through. The industry's contractors, wholesalers and manufacturers expected to meet building deImands. They anticipated a year as good as last, a peak year.

[plumbing workers, said G. William Mohr, executive vice president.

Predicts Another Boom “The present slight construction lull is in taking out building permits, not in building,” sair H. C. Gammon, plumbing and heating contractor. “Early permits were abnormally high. They were bound to drop off,” he said Mr. Gammon said: “We can't {escape a building boom. Overall’ building should equal or sur-| |pass. that of last year. Areas |which have been doing mass con-| {struction will suffer. We haven't] been up to capacity. We didn’t]

SS Ris ws PRIZE—The Indianapolis Ch

JUNIOR BASEBALL'S

evrolet dealers give this new Chevvie to Bill Krafft, president of Junior Baseball, and Monarch Buick, as a prize at the All-Star games in

Victory Field July 9. Managers meet in the "Y'" tomorrow night. | |copper-coated. tin-coated tubing! Play starts June ||. The car was delivered by E. J. (Dutch) Voelker [was _ Teflected here in Marion PRS’ said. Center and Jocal indusiries. We {County. The number of building Y are keeping up. We'll continue. |

Good Piping Scarce If we weren't, Copper tubing and steel piping would move in. 4: Fovernpent

have been hardest to get. They're, «gtaples are plentiful still scarce, slowing down big in- or designs in luxury fixtures

Ralph Beard of the Olympians and Buckshot O'Brien, ex-Butler net dustrial and commercial plumbing gjow but available. New con{and heating jobs, particularly. struction business is up dollar-

star. . When I drink a Coke, I let it roll, like to feel Chamber Officials In the residential field. metal wise, Repair business is normal.|

» y Jim S Place the long bite of the fizz water on my tongue. But from now on, Ill take my time. I have a new respect for Elect Lester Bush shortages strike hardest at luxury, — ——uouw—— FT. LAUDERDALE, Fla, May ,),mping items like colored bath- th S

(left) of Superior Chevrolet. In the car are Junior Baseball staffers |permits for houses fell 271; per

cent below April, 1950.

variety

the “drink of millions.” I've seen it made. And I'd sit right down 26—Lester C. Bush, former Indi- .,om fixtures and bronze and \ana director of the National Home| .,..oe towel racks and door

and eat mashed potatoes and gravy off the floor anywhere in the building. It's cleaner than some hospitals. Not even dust.

Coca-Cola|——— = ee when Le rie water in your home. It is well|and Property Owners Foundation, Knobs. plant a o i “water treated so it is always the has been elected president of the = gy 104 workers, like pipe fitters,

1 took off my bat. It was the) me. The water works must

heavy bronze doors, the winding, .". i a fortune, just to keep staircase. It was the presence, if Coke uniform. you get what I mean. I saw the trucks come in on a I met Jim Yuncker, the presi-iarra776 floor. Gloved hands take dent in his office. And he ushered the cases out. And that’s as close me down a quiet hall to “lunch.” 33 human hands, other than I've been in fancy places, execu- your own get to a bottle of Coke tive dining rooms and the like, The rest is automatic cleaning, but never one quite like that with caustic soda for the bottles, ina thick, hushed carpet, greenispection single file, then another leather chairs, paneled walls, inspection with an electric eye. a. flowers and mirror, crisp linen It's clean beyond imagination, He feo ees . and heavy silver. a kind of monument to perfection.F, §, Cannon to Get Architect Tells He told me his story briefly. He And it's the life of Jim Yuncker) ! lerford Rd., 3537 N. Wallace St.,|

had bought the bottling franchise Who tried to do everything a iittie Indiana Central Degree When to Remodel Trails End Road (A. H. M. Graves

fn 1915 for what was then big better tan nyo Slee I | Fermor 8. Cannon, Hooser civici The more building costs go up, represented buyer), Road 431 at| money. But what he paid then| . jen e ought Ne plant, the and business leader, tomorrow, the more worthwhile it is to re-{100th St. 2619 Ryan Dr (F. M.| wouldn't buy one of the five stain- a nme . [ar who so, |will receive the honorary Doctor model a house that's well-built Knight Realty Co. represented less steel bottling machines he De eS sa iwa hee 3 Sot10f Laws degree at the 46th com- but badly designed. buyer). has on the main floor. water Beater ys a soda Indiana Central. That's the verdict of W. Lock- Fay C. Cash—Lot 235 on W. Vice president Fred Dickson Tien ver forgot those harsit wood Martling, prominent Chi- Washington Blvd. in Arden. and Bob Reed, the secretary- vords. So last vear he got Mr Mr. Cannon was born in In- cago architect. Evans-Bromert Co. -— 8242 N, treasurer, showed me through. Hunter to see The plant. snd he dianapolis, attended Shortridge. And these, he says, are the re- Pennsylvania St. in Williams Ceramic tile walls, clean a8 a had a cake made. High School and is a graduate modeling problems that face the Creek (Willis Adams, co-operat-pin, and no smoking in the build- on the icing were the words, of the University of Illinois. architect most often: ing broker), E, 56th St. in Brening. Filter caps are even put on “Once a soda water bottler, al- During 16 years as an archi- Not enough windows or poorly donwood (American Estates Co, the syrup drums to keep out ways a soda water bottler.” tect here, he designed a number designed ones. co-operating broker), 5831 Hillstray odors. And he made George Hunter of buildings which are now land- Large porches make side Ave, 5530 N. Capitol Ave. The water the eat them. ‘marks in the city. In 1931 he rooms too dark. Gregory & App2l—129 W, 41st |succeeded his father as president; Too many small rooms. St. (The Spann Co., co-operating Not enough closets. |broker).

{of the Rallroadmen's Federal Savings & Loan Association, aj Awkward roof lines. Hawkins-Whiffing Realtors — | Poor landscaping.

| position he still holds. {Cottages 35 and 36 in Northern

Florias Chamber of Commerce wore reported hard to find, preSeanves oscciation { th |venting fast expansion in the inPutnam A Chamber of Com. |Justry- dollars were reported by the merce in Palatka. For 18 years|, co Dorma) Seasoual 1abor short-| Associated North Side Realtors he was manager of the Muncie . % for the week ended Monday. | E. J. Ulmer, assistant secretary, | Chamber of Commerce. | Thirty-one properties were sold 0 Building Contractors Association,| ne of the oldest Chamber of ’ “ |for $493,365. . said he hadn't heard much “cry-| ; [Commerce executives in the coun- |; =» for labor. He expected short- | Here is the report released by : Willis Adams, chairman, and ages if the Army turned it o t ’ y 8 y ha { Alfred Campbell, secretary:

[try, he began with the Chamber Ii Vv N.Y, - : | n Mt ernon, N. Y., in Febru the Finance Center, Ft. Harrison. Charles C. Binkley — 5819 N.| New Jersey St.

ary, 1910:

Sales of nearly half a million]

mencement of College.

which

is purer than

30.2 A

BOX-TOPPERS—Their companies have set up the latest boxtop giveaway. Robert J. Landman (left) is district manager for General Mills which will give away $50,000 in common stocks in an "| Like Wheaties Because . . ." contest, Merrill Lynch, Pierce, Fenner & Beane, world's biggest brokerage chain, will pick the stocks. At right Charlie Galbreath, Merrill Lynch's district manager.

Hear Harold Hartley with “The Human Side of Business’ on WISH at 8 p. m. today, ; >

7008 N. Delaware St. 5501 India

LANDSCAPED LAWN—This three-bedroom home with its wide, sloping, shaded lawn has been sold by Dr. Elliott Hirsh to Mr. and Mrs. William R. Spurlock. Mr. Spurlock is an economisi for Eli Lilly & Co. The sale was arranged by Mrs. Scott Legge of | Uptown Realty Co. in co-operation with American Estates Co

from Floyd B. Lytle of Prudent

attached garage and breezeway. <m

cores In Indianap

NO MORE LIKE THIS FOR AWHILE—O. C. Winters built this $100,000

FRENCH PROVINCIAL—Built at 7001 N. Pennsylvani

3635 N. DEQUINCY ST.—This home is part

Plumbing, Heating Fixtures Ple Indianapolis Suppliers Report

Restrictions haven't turned off! The Marion County Residential Good craftsmen are short but Washington, they bu been heavily sought for finding lack of manpower and don’t ex-

cluded.

ide Realtors Sales Near Half Million

Butterworth & Co.—5882 Hav-| Delaware St.

Realtor, Economist, Doctor Purchase These Houses On North Side

REALTOR BUYS HOUSE—John P. Main of Main & Co.

Realtors, and Mrs. Main soon will move into this home purchased

arranged sale of the two-bedroom fri:

Are Still Being Built

olis And Vicinity

Bl Permits Issued Before RB PA $35,000 Ceiling; | fj Demand Remains High -

By OPAL CROCKETT Showpiece homes are still going up. They can be built and meet government regulations. Frills can be allowed for and added later. In short, you can be king in a pretty fine castle if you | settle for a little less than a mansion, if you're patient with \labor, and if you postpone frills. | Builders speed to completion scores of homes elegant |

to the eaves. Some cost up to|# | $100,000. : | Building permits were secured | {before the M-4 amendment relquiring NPA authorization for| {homes over $35,000. | | The amendment is expected to {have little local effect, however. It is forcing builders to drop to slightly lower hrackets, but later {additions can push a $35,000 {home into near mansion class. Can Add ‘Frills’ “Thirty-five thousand dollars will buy a lot of fine building,” |G. Willlam Mohr, executive vice| (president, Marion County Resi-s {dential Builders, Inc, said. , ! | “People. can get well-built

| |

te paneling featured.

oo a St |

-$50,000 range.

Paul M. Coen

program by A. H. M. Graves,

ntiful,

we aren't suffering much from speed. They based their bravery on pect to be,” Mr. Gammon con-iready market for houses due to| {local population growth and high ‘It's a habit of our industry to) employment.

feel labor shortages in May,” 521d Harold Mehaftey, office man: wr trie have money io spend. {They hesitate to wait to build, ager, Freyn Bros. industrial con-| e. fearing more controls and higher tractors. Labor comes here|, i,q” They want sound invest from surrounding territories. It ment- 2. home—in this cit a nd y of] returns home when jobs open up homes, builders said : there. Dollarwise and percentage-| ? : i wise business is about even with| c Ltor J Soart fort al last year. | “Construction labor is shor “We're as busy as last year, a down the line but we still get the peak YesF, The outlook is certainly Jove Joel nlldes sad, or good. ere are adequate fix- umbers sa. ures for luxtures at the moment,” said/ury bracket homes arrive someGeorge Roesinger, plumbing and what slowly but “they do arrive.” heating contractor. President of] One builder predicted the M-4 the Indianapolis Chapter, Nation-|2mendment would not affect 10 al Asionistion of Master Plumb- (houses in Marion Soumty igh : ers, Mr. Roesinger said: “The hot! year, an all-time or water heater market is loosening home-building in Marion County, up. Clothes driers and disposals/only 130 houses of the total 6070 are still hard to get, and they're|dWelling units built cost more in demand along with dishwash-| than Sas 0% necsIIng So Rgures ers and colored fixtures.” from e Marion County Kkesi-| Two residential contractors dential Builders. That was al-| said: most a 20 per cent increase over Chris Greiner —The plumbing 1949. i rt Some of the upper bracket and (Continued on Page 41, Col. 4) | near upper bracket projects under . way, soon to start, and just recently finished, are listed after a spot checkup by The Times.| Most of the homes are built on| contract or for speculation and

Report

co-operating broker). Harry L. Robbins Realty Co.—

7200 N. Illinois St. (lot). Washington Chairman Bruce Savage Co.—Lot 18 on

Rex Drive in Highwoods. Lots Warns of Controls

26 and 27 on Highwoods Dr. In| waSHINGTON May 26—The

Highwoods, 5050 N. Meridian St.,! ’ chairman of the Realtors’ WashMinnick property on Indian Lake. jnaton Committee warns that 3 Hugh Teeters Co.—7615 West- «certain planners are attempting e vd. (F. C. Tucker Co., €o- tq foist unneeded socialistic conoperating broker, 1209 Shadeland trols on the country under the Ave. : mask of defense.” Walt Veon Realty Co. — 4811 goott N. Brown adds that IRE Charney Ave. 5632 College Ave. among these are schemes to kill 47th St. and Shadeland Ave., 2005 Jocal option in rent decontrol, Fisher Ave, . . extend credit restrictions on real Robert E. Walker—6119 Wind- estate and clamp rent controls on|

{homes in the three-bedroom class, in good sections. The restriction will hit $50,000-$100,000 construc- “% |tion, eliminating unusual designs, | |intricate masonry,” he said. | In most cases barbeque pits, fountains, built-in bars, jewelled Names Make News chandeliers, imported wall paper, * carved woodwork, gold-plated N $ C $ | bathroom fixtures, etc, can be en on ro added. % Mr. Mohr interpreted the $35, Draws Fire 000 figure to exclude fees for at- * ; torney, architect and financing, Of L ol od expense of land acquisition, and an or s cost of personal property, ; amounting to several thousand Indianapolis apartment owners dollars. Previously, h aimed more ammunition at rent : y, he sald, totall .,; 10) 1ast week construction figures embraced as. wee{. those fees and items. | Jay said the ental housing - |industry now supplies the shelter by Wess Ditigte oi Inaaunies for half the families in our big ing, the thumb-down on materials. cities. | Deapite brimstone of shortages| They said controls are “preland high water of indecision in|judicial to the owners of rental iit at high|property.” They said the ceilings have continued “far too long.” S80 the Apartment Owners’ Association of Indianapolis unanimously passed a resolution asking Congress to let rent control die or else clamp controls on all basic commodities, including those used in keeping up rental property. Newly elected officers of the association are Paul M. Coen, president; Helen Jenkins Gibson, first vice president; Leo Bures, second vice president; Callie Cotton, secretary; H. H. Woodsmall, treasurer; L. Russell Newgent, counsel; William P. Snethen, manager. Directors are Sol C. Bodner, F. R. Buck, Charles R. Fant, A. R. Hall, Brooks H. Lloyd, Glen Hanning Munro, E. A. Kirk, Ruth Howells Thorpe, Charles Porter, Robert Kershaw, Walter J. Twiname, Leo Lippman, Henry Dickson, R. B. Morrison and Evon Luebking. Record Attendance | Last Tuesday's meeting of {Marion County Residential Buildlers set a new attendance record. | G. W. Mohr, executive vice pres(ident, reported that 141 persons were there. ‘He sajd that made it the largest regular membership lare already sold. Meetings the organization has | ©. C. Winters recently finished |¢Ver ned. Woods Beach. Lots 36, 37. 38,3 $100,000 stone house at so15| Certificates for perfect safety 39 and 40 in Northern Woods High Drive. The house has three records Suuing the Inst Yeas wepe Beach, 36 E. Troy Ave. bedrooms and four title baths,|Presented to an H ange y Haynes Realty Service—1630-32 [Expansive glass windows in the J; Harry Miles a3 erman F. E. 46th St. activities room disappear, rolling | Prang and C. F. Wichser. Fred T. Hill Co.—5759 Broad-|Into the sub-basement area. New Realtors way Terrace. {Pullin features include a break-| rp Indianapolis Real Estate . F. M. Knight Realty Co.—9300 {front in the dining room, flower p.ard has two new active memblock on Wash. Blvd. in College boXes, television, and bedroom ers: Allan Warne Jr., vice pres- . Crest (five lots). |Turniture. |ident of ABC Construction «o., R. KE. Povkham-—535.34 N. Mr. Winters has under Way and Mervyn Cripe of Hannan & ebe r Reilly "I (Continued on Page 40, Col. 4) Corgi (Hoth have pasced Hele Junior members approved by (the directors this month are {Edythe Poer of Minton Associates and Wayne R. Dunifon of Walt Veon Realty Co. New associate members are Robert A. Endsley of Railroadmen's Federal Savings & Loan | Association and Francis X. Bolls of Bolls Furnace Co.

B Suspends Meeting: The Indianapolis Real Estate

Board has suspended its weekly Thursday meetings for the sum-

sor Dr. commercial buildings. mer. Mary Binford, executive secFord Woods & Co.—1901 Arrow, He calls his committee “the retary, said the meetings will be Ave. |realtors’ Washington watchdog.” resumed in sever:

3. ny

1361 E. 38th St.

DOCTOR MOVES IN—E. C. Barth of Bath Realty Co, resented Mr. and Mrs. A. Clinton Davisson, sellers, and Dr. and Mrs. Alvah P. Warman, buyers, in the sale of this home, Dr. War. man, whe formerly lived in Florida, has set up offices here. =~

nola Ave.

al Insurances C~ Mabelle Green with two-car