Indianapolis Times, Indianapolis, Marion County, 22 July 1951 — Page 37

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apolis Times

Real Estate tessa ane Business eas a seve tas

Section. Four -

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SUNDAY, JULY 22, 1951

PAGE 37

Today «BusinessHouse-Hungry Public Is

Small House Places , Classifi

ed .......... 25, 40-52

LOOKS LIKE A KITCHEN—AII the usual equipment.

» ”

Closer to Family

sales

and Guilbroker,

lots 2

-123 E.

Property in

president Co. '' Illinois St.,

and

115 lots

{

Buying Caution THERE'S A PHANTOM in the winds. It is the whispered word. Fear, the Great Imitator, is stalking the busiAnd business, fat with inventory, is beginning to weave a little in its stride. | - pack up. First from the wage Cheer for Goodyear earner, then the retailer, then the I LIKE THINGS wr ch orow, And sales back pressure has grow. reached some civilian manufac- If you drive out to 82¢« N DelaBusiness is quivering like a man Saturday, vou'll see something who over-did it New Year's Eve, which may remind you of the indulgence. Sipping too long at Mahal. the prosperity bottle. It will be the new block-long IN HIGH PLACES last week pure white porcelain set in an the jitters were visible, Bankers eight-inch band of Goodvear blue. | scopes, were sharply selective. blown dream which has been un-| Layoffs had begun to crop up. folding for 14 years. lavoffs were not vacations. They the growth of the business and were overproduction. the town. | ” off 250. It had too many engine blocks. American Foundry was retail store supervisor for the In- | i » tion. And the rumbles were |dianapolis district which spills its strong there, too, about “100 poi. Ha and J. C. Arnold. the manager of the whoie district, : ‘ vy ‘The Big Question [71125 FIORE Jot the Snes Cutbacks Bounce Back— ) E the 2 4 : ACROSS . THE STAT actually have factory | ing down on the brake pedal. At fauipment in their new buildirg.| Lafayette and Lockport there They recap and retread, even) Your wife and an archiwas the same story, the auto which the giant trucks ride, y tect holdi hands ii th slowdown {smooth as silk, over the highways. | eqars ace (tect are holding hands in the House of Representatives voted] I'LL TELL YOU a secret. That And there's a good reason to relax the control-hold on auto- New Goodyear plant with its 140.- By D : b h for it, especially if your kitchen | y on everbaug period from 13 to 21 months, The tT faith js the Second Jargest/ Times Real Estate Editor « International Harvester coined Senate put it at 18 months. |Goodyear store in the United a new term ‘to fit the situation THE FEDERAL RESERVE with Cleveland. is proving a tough job. ] That's what they call the modBoard, grim and determited, had And running second in. a town Like everything else, there have been cutbacks, but ern Xitchens because the fine has crippled the seq car market, tribute to people-the people ; g gusewife has started to wield a backed up appliances, clogged who make the product, and the! Dwelling units started during = ~ blue crayon “on the architect's June are estimated at 130,000, as; But in public Those who sit high enough to! mney give away a couple of compared to_ 144 they've produced a functional, atsee far enough in business had thousands of dollars worth of | 1950. Before the hi buon, any Is there any practical answer? tractive. liveable kitchen. 10,000 starts tion.” Eo lover backward to get vacation-|Was$ phenomenal. w ling units are now being ‘built in mers, Home Economics expert That the civilian buyer had be- ists away on rubber safe enough And the gap between ’50 and 1,0s Angeles. Each unit costs for the Indianapolis Power & truth. He had been chasing short-| Sd” opening. For the first five months government figures. trends in Kitchens, age rumors for nearly a year, of this year, builders were 20 per Units the same size and comAlso, quite suddenly, hard cash year which Sevan turned out 18, "put June's total was less than punt today in Los Angeles by “For one thing, the tendency is had a new fascination for him, ![™ on re, a Super cus “10 per cent off the ’50 stride. private builders at a cost of to bring the kitchen into closer THE “BIG QUESTION” was But the thing which stayed i..\J' has not been felt. The! Where does the extra $6000 go? home -- actually bringing ‘the this: If peace. talk drops cool- (With me most, T've detected in’, ,.. rf work last month was 23] When you start thinking about housewife-at-work closer to the chill, can the government get |Intense sincerity of Jack Harris, though the half year was down decent living quarters for the This trend has developed enough defense money in thow much he felt what he said, honey per cent. many low-income families think new room for the modern home out of the sickbed? lis doing. activity in the months ahead, bill. . Topline guesses in Indiana were| Those men never seem to fail. |oxperts agree. ; And a padded bill, at that! North Siders Add tle plants still were without even| Sincerity” is simply “truth, with pROVIDING HOMES for thou- politics —administered by strictly the, crumbs of the defense loaf, |its sleeves rolled up.” cands of low-income families is a political appointees. And as long - and there might be too little time pt © po 43 Sales Totalin to get them going before they e ans urg Way gram. These people have to live lic housing door is wide open to ay DOWN ‘AT THE RANSBURG somewhere. graft and corruption. One utility (1 1 or | : high enough, your children will a ey (ndianapolly Poweriave, this week spray painting pay it. eS %) 1sporte S| will take a big step forward. : an IPL spokesman, “It’s not the| WHAT WITH STEEL alloca- A total of 43 valued at old habitual offenders.” |veiled, which saves untold quan- - ‘tions now in full swing, some $504 775 was repdrted last week WHAT BUSINESS really had Process makes every paint particle Arranges Outing {which is more important to Amer- Realtors, Willis Adams, chairto worry about was people talk- 40 its part, no drip, no waste, | icans—an automobile, or a home. man, announced. $ f d % STON ainig * . It happened in the top half of three sons, are now old hands at The 11th annual stag outing of yges 11; tons of ferrous metals Jon Max 45th 3 ; idn’ {electrostatic painting. A few 4 Ave. co-operating NRL ater July. CL |years ago, they blew ha rg ed Lage Gountey: flame, two mien an mito SUPUL ’ 4 . ") ’ 87 fh i g § 3 ‘ar ' = - Being afraid of a layoff, or But in¢luding the average streét| Gil Carter So. thom) lows waiting for lower Prices, 1prie i eistany, Muvve Lhbroved) At noon festivities get under-irequire only 2's tons of ferrous Ports : vollto: ite foolish! d th to Be : “|way with all types of entertain- metals — about 3.5 million tons Ave.; 4429 Guilford Ave; lot 5824 ny san uy eres iment from horseshoe piichin’ to for last year's record 1.4 million Primrose Ave.; lot 27 Windemere feared. WHEN THEY LIFT the vell on | a y 017 N : Zero hour will be at 6 p.m. i (Way, and 1217 N. Shadeland, coMinds with a military twist|their new process, the world of Zr ; aX be i Tocters ’ : y : hic 8, 300 ears operating - broker Hugh Teeters when 100 fried chickens, 300 ears Building Group I ( say the Kremlin how wants to accountants will be surprised. : 0 2 " 2 Cap Vex dump the whole defense program They've simply found a befter oh 3 10 Lhe sxe 200 attend Thomas F. Carson Co, , i The Building Congress of Indi- 3 x 1 fight among ourselves, and preach for the benefit of man, and save and Albert Paetz alias Tr mre ox pres. Hall-Hottel _ Co. “peace” for all they are worth, hundreds of thousands of dollars 27s n Sharse of ‘chicken rYing: : : Princeton, Ind. p niels es » C > tal aoet Br term, Marshall D. Abrams, man- st co-operating broker, Javk au : metal pro pes : man of the clambake with Walter 28Ing director, announced this .'. "~." Whitestown Rd. log KEEP THIS IN MIND. There A. Underwood vice-chairman. week cabin: 143 ’ I. Brunton of : : : : . : : Wh ‘ country who eat every day, or MENT represents a big turn of Ne oS Washington Blvd, co-operating should, wear clothes and live the wheel in man’s efforts to con- clude Bob Senay, Alerts ae % burg, was re-elected president and 2102-4 E. 46th St |Harry Daniels, alter Under-igyriiam E. Garber Jr., head & wail os If the fear of a recession; That's the American way, and Ww 3 Bo hy Farquar Heating Service, Indian- _dohn Lookahil] 5790 and 5812 spreads, in elevators, on busses, the Ransburg way, too. Brundridge, vere ee apolis, vice president, and C. T. F. 30th Bt 4 3018 N. Bolten an o ‘ we'll probably have one. We al- Notice It? | Assisting in the chicken fryingiretary-treasurer. Ave, ways do, until someone realizes 'will be the wives of the following | ~The Building Congress adopted Gerdenich Realty Co, Southfn the same world, as yesterday, $112 million disappeared from gjckell, John D. Case, Frank H.lindustry of the state to support ington Blvd. last month, last year. circulation, |Cox, Howard Fieber, Robert L. the government program to col-, W. IL. Bridges & Son : : : harles K. Whistler. and steel scrap, such as obsolet N LL. Hammer 5721 N. HOW RIGHT Bil Shakespeare you didn’t. But I don't think you C S 8 p, < solete Norman L. a w p did { ie machinery, tools, jigs, dies, fix- Illinois ‘8t., and 45 W 48th St. { thing sith Thera is nothing oh goed | yond repair. Haynes Realty Service -Two 80 the dry-up. G. B. Thorpe, 5252 Boulevard, The group also expressed in- acres 56th St. and Shadeland » \ ““ ” : , And “thinking” can make a | The treasury count at week o5ip year of service with the situation as it affected home buy- addition, 4912-14 E. 39th St.; 5157 timo Yep, those are billions Western Electric Co. Starting as|ing. A committee was appointed Norwaldo Ave. and 39 BrentHear Harold Hartley with “The Human Side of Business” on Mr. Thorpe today is comptroller pects of the present trends in Butterworth & Co.—5'(68 Delaware St, DeQuincy St.; lot 5300 block IIlinoig St., co-operating broker Knight Realty Co. House in Camby, 1222 Somerse' Ave. and Joe. Berger- 4702 N, Tllinois St, 1291 Mortaages A total of 1291 mortgages valued at $9.08 million were recorded according to the) Union Title Co. 1A total of 1889 deeds were also

By Harold H. Hartley ness shadow, Buying caution has begun to distributor. and the men who make them turers. (ware next Thursday, Friday or and for the same reason. Over-imarbled splendor of he Na. home of Goodyear Rubber, in! were putting loans under micro- Loak closely. You wilf see a full-| It was vacation time. But some The plans couldn't keep up with, International Harvester laid > I TALKED with J, E, Harris, in the second week of its vaca|energy over into three counties ini —— many engine blocks.” | with 25 stores, got the finest store automobile suppliers were bear-| They Housin Out ut were ripples of unemployment. It|those biz rubher doughnuts on| The tip-off came when the ” {kitchen. mobiles, and stretch the payment 000 square feet of earned custom-| is one of the modern versions. “8 |States. It runs neck-and-neck KEEPING THE housing output under a federal thumb “Remi 1.” femineered. +» held fast to Regulation W, which|{yat sta 28th 1 ; brazeiiis } : he stands 28th in population * housing output refuses to stay cutback. «feminine hand of the American distribution lines. people who sell and service it. housing the an-/drawing board. And together, L000 for ‘June, gwer”? 2 boiled it down to “the big ques- merchandise for : Visitors. bend month reaching Several thousand public hous-, Attractive Mrs, Margaret Somcome indifferent was a disturbing|i, make the trip '51 is narrowing, rather than §11.000 to build, according to Light Co. listed several new and he was tired and fed up. AND THAT'S 01d stuff to Good- cent off the '50 pace. parable in every way are being ion, Ww ionshi ; os . x» |lon, with a velvet ride. As yet, the full impact of June's $5000 per unit. relationship with the rest of the ing busness inte #n outright Many successful men. It was the or cent behind’ a year ago, al- public housing—about providing rest of her family,” she said. enough places to keep business [how much he believes in what he| And this lag guarantees highlalso of who is going to foot the an activities room. This is sort that it could not. Too many lit- I think that is because what I call ” ” For public housing is strictly {charitable and much needed pro- as these conditions exist, the pubwould send workers home, shut qd if it q y the bill, if it gets |Electro-Coating Corp., on Barth i You pay the bill, ang 42> 8 Near $600 000 were getting ¢verdue. And said] Real Estate Board # = = y ! | It's new process, yet to be unow {tities of paint for industry. The housing leaders are wondering py the Associated North Side ing themselves into a recession.| The Ransburgs, father and They figure the average auto| The sales: the Real Estate Board will be __gzhout 10.5 million tons for last ford until after July. American Estates. Paint mist at its target. And NOW. yeqt' of Glenns Valley. ‘and underground utilities, homes Ave,; an undertow. People tighten up Dr.; 5936 Carrollton . ’ |dreams, the very circumstance they | s.r lcard games. homes. Heights; and % College point to Russian reckoning. They paint will lift its eyes, and cost of corn and other foods are Co. Re-elects Slate La a fn our laps, confuse us, make us way to use the forces of nature : : Bob Schoen ent slate of officers for the 1951 : : bu which isn't much. for industries which s ainted Th Bruce Savage Co. 3864 Ruckle : In : Ch sell painted and Harrison M. Bennett is chairL Carr - are 153 million people in this’ THE RANSBURG DEVELOP- Hampton Dr. 67:1 Others on the committees in- the W. L. Hubbard Scottswo NEOUS broker Evans-Bromert; 8383 N, fs. | S ' ) |r. under roofs quer waste, make more for less ood. John Wallace, Vern ol 3003, 3005, 3006, 3010, fn Junch.lines and powder rooms, [Charles K. Whistler. Myers, Indianapolis architect, sac- 3014, 3017 we are still the same, and living SOMEWHERE LAST WEEK reajtors; Joseph H. Argus, Everett|a resolution urging the building West corner 71st St. and Wash- | Maybe you noticed it maybe Mason, Bruce C.. Savage and lect and turn in all dormant iron Meridian and 87th Sts had it— ar " J There was still plenty of green 25 Years With WE tures, all items broken or be- Fay Cash -Lot Canterbury or bad, but thinking makes it: money floating around, in spite of {Place, this week completed his terest in the mortgage money Ave.; lots 66 and 67 Rose Hill pauper out of prosperity in no end was $27,781,000,000. i 3 | a student in general accounting, by Mr, Brunton to examine all as- wood Ave. WISH at 8 p. m. for the Indianapolis plant. {home mortgages. *- = rp = A. H. M, ‘Graves, Ine.—3712 Fay Cash, and 3708 DeQuincy St. 3601 N. Kenwgod Ave Recorded Here in Marion County during June, recorded for the month.

{were for more than $20,000.

+ BEDFORD STONE—Featured in fhis five-room home is a huge nda 33-foot living room, all er plumbing and a modern kitchen. Located at 2801 w. 30th o- this i

: house was recently sold to Mr. ; and Mrs. Patrick N. Davis Co., acting 3s broker

lion mortgage for the ‘Crucible [Steel Company of America by the

| Bankers Trust Co.

of New York City.

bg Ficiincy

i w

COZY FIRESIDE AND EASY CHAIiR—These, too, a

‘to | breezeway

. These do not include a $25 mil-

of a second living room, comfortable and graced by shelves, The popularity of ranch type homes, which have a tendency to scatter the family throughout the house, probably helped develop this new room, she pointed out. “Of course the chief objects in modernizing the kitchen are to save steps, provide adequate working area, and cut physical labor for ‘the housewife,’ Mrs. Sommers added.

informal, sometimes a fireplace and book-

Common Faults Listed

Surveys of kitchens designed for many modern homes have illustrated three major faults, she said. These include improperly located doors, poor arrangement of appliances, and lack of counter working space. “Progress toward comfortable utilization of homes has been made throughout the home, but 1s probably more in evidence in the kitchen because it is a workroom,” Mrs. Sommers pointed out. And women spend a good deal of time in their kitchens. A study by Cornell University showed that the city housewife

ager For Control Collapse Speed-Up

Regulation X

Doom Starts

Ball Rolling

{

e kitchen ingredients nowadays.

Modern Kitchens Are Designed ! As Place for Work—And Living

spends 15 of 49 work hours per week in the kitchen. Suburban wives average 20 of 51 hours there, and farm wives 23 of 51 hours, Color ig playing an important role in the modern kitchen, Mrs. Sommers said, The old drab, fac-tory-like kitchens have been kayvoed by free-swinging modern homemakers, Knotty pine and new and- colorful plastics are getting a heavy play. New Lighting and Design” Other new features coming into their ‘own in these modern kitchens are ventilation fans, which draw out all cooking odors; dilighting of all working areas; and new cabinet, designs including lazy Susan and garagetype overhead doors for wall cabinets. “A modern, well designed kitchen is the best salesman a real estale agenf can have) points: out Mrs. Sommers. adds value to the home and it is one of the {first a woman looks in a home.” And the woman is the one who must be “sold.” |

rected

Oncoming Pupil Tide Keeps School Builders Hopping

School building plans point a directional arrow at where metropolitan Indianapolis is growing the fastest. And it is growing fast. Mainly in two directions northeast and northwest. One of the laltest planned for construction located at Keystone Ave, Kessler Blvd., in a narrow included within city limits by deft gerrymandering on part of the city fathers. This section just east of Broad Ripple is one of the fastest growing spots in Marion County and a sector where additional school facilities are most immediately needed, the educators feel.

Ripple School Overflows School 80 in Broad Ripple, to which several additions have been made recently et crowded, savs William Evans, administrative to the superintendent of schools “S80 much that of Broad Ripple’'s students have to attend classes at the Nora elementary school,” Mr, Evans added. School 59, which construction are now being taken

schools 59 and strip only the

over assistant,

SO some

for hids for

is expected to relieve this congestion in ‘the fall of '52, It will include 12 classrooms, a cafeteria, a combination gymnasium and auditorium, and apace far a home economics and industrial art classes for junior

high school pupils. School 90 Ready

School 90 at 18th and Centennial St. will go into service this fall in another fast growing section of the city. In the planning stage, another school of the future may grow at a site south of 38th St. and east of Emerson Ave, Mr. Evans said. The board of commissioners now has an option on erty. All of these schools are part of the five year building program now underway to meet the scampering results of the post-war era baby boom. The money to support the program will come from a special tax levy of 20 cents on each $100 of assessed valuation of real estate; School will net vear,

officials about

estimate this £1.24 million per

items for which.

the prop-;

10 Per cent Down Set On $10,000 Homes

Controls over home building started to crumble this week as the sledge of public

opinion battered at a bickering Congress.

And while an anticipating, housze-starved public watched, controls started a slow, but cers tain disintegration.

First to appear waz an approved proposal in the House of Representatives, cancelling out Regulation X for the low cost home buyer,

10 Per Cent Down

Ags approved by the House, the proposal calls for a down payment of only 10 per cent for homes costing $10,000 and less and permits a 25 year payment of the balance.

“All these controls have done is prohibit the man who needs housing the most—the low wage earner—from getting housing,” commented John Bauer of ABC Construction Corp.

“Here in Indianapolis, controls haven't hit the contractors too hard. We've been able to build homes for those who had enough money to meet high down payments under Regulation X. “But a lot of people don't have that kind of money on hand. Very {ew do,” he said. Citing the relaxation of Regulation X as a ‘step. in the right direction,” Mr. Bauer poifited out that there still remained much to be done. “It doesn’t do the potential home buyer much ‘good tn lower the down payment requirements if he still can't get FHA Insurance for his mortgage if he is fortunate enough to get mortgag? money,” Mr, Bauer said.

Mortgages Tight

And the maoartgage still tight very tight. “They're on strike” Bauer. (The mortgage are on strike for a higher interest rate. “If the government were to raise FHA and GI loan rates onequarter of 1 per cent, we'd have plenty of mortgage money.” he added. FHA loans now pull 434 per cent and VA loans 4 per cent. Mr. Bauer, like most other leaders here, expects tredi* to loosen up in the last quarter. The government can't seem to understand that building cannot be turned on and off like a water faucet, he said. It takes months of planning to get started “They've had builders and the home-buying public in such a turmoil for the past few months, we hardly know where we're going” he =aid. “But if relaxations of controls come now instead of next spring, we'll still be in pretty fair shape and will be able to get back into full swing again before very long.”

Public Opinion

market is

agaid Mr,

“The public's on our side now.” Bill Mohr of the Marion County Residential Builders, declared. “Public indignation is runnir-< pretty high--especially those prnple who want to buy a home 1 can’t because of federal eredit ro« strictions,. or the current FHA muddle. “The public the government their not he =aid. “Thev want houses and we want to build houses for them it's that simple, It wasn't ton hard tn figure out who was causing all the trouble,” Mr. Mohr zaid

realized th»t to hlame for the builders"

has is

troubie

30 Prefab Homes Being Built at Lawrence

Thirty conventional prefabricated homes in the $8000 to £10,000 price class are now being constructed at Lawrence hy the H & R Realty Co. They are attractive two and three hedroom - houses factory made at the General Industries plant in Ft. Wayne. And they're modern. The utility room includes automatic Bendix washer and drying laundry equipment as well as automatic forced air radiant heat facilities, Other features of the homes include lifetime exterior walls, color tiled baths, tub and shower, asphalt tile flooring, a disappear-| ing stairway to attic storage space, and a modern Youngstown kitchen. An optional feature of these homes is the new and quite poplular “Karport” which is attached the house and provides a suitable for screening if desired. ‘

Cost Accountants Honor Fred H. Bretthauser

Fred H. Bretthauser, controller of Stokely-Van Camp, Inc. has been elected first vice president

|". Thirty-one of the mortgages of the National Association of

Cost year. | : Mr. Bretthauser has also been| elected secretary of the Control-

Accountants for 1951-52

and Trustees its i of America for the

Three model prefabs are open today for public inspection at 47th and Woodlawn Sts. in Lawrence, the H & R Realty firm announced. The public is invited to visit these homes and look over the site of the project.

Harry Ray, vice president the H & R Realty firm, reports the prices of these homes range from $8250 to $10,750. The latter! price includes three bedrooms and the “Karport.” All prices include the cost of the lot, he added. “We'll build these homes any-| where for anyone interested.” Mr. Ray said, “Anywhere in Marion County.” Other executives of the H & R'

firm include: C. A, Huff, preal= dent; George B., Huff, secretary and tredsurer; and Mr. Ray. All are long time residents and buai. nessmen of thig vicinity. “The site of these homes would be especially convenient for Ft. Harrison, ‘Chrysler, or Western Electric plant personnel,” Mr. Ray indicated. “Lawrence is about a 10 minute drive from these places and about 20 minutes from downtown Indianapolis.” General Industries homes are among the tops of the prefabricated field, ' most contractors agree. They come in 42 different architectural designs with, a great variety of floor plans; Mr.

| Ray pointed out, and they have

a conventional appearance.