Indianapolis Times, Indianapolis, Marion County, 5 August 1951 — Page 39

5, 1951 )

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ure is here to ng steadily in public realizes onvenient fea-

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Section Four

Real Estate

or ¢

The Indianapolis

H imes Realestate eeeansenens ¥ 41

Small House Plan .......0.... 4]

cientific

SUNDAY, AUGUST 5, 1951

Real Estate—

WE AAI TOA INNA

: : Can You Do It Daddy?— All Signs Bright Man's Ego Often Greater

By HAROLD HARTLEY A man hates to take a licking

Hits Dizzy Pace Says Industrialist me fos wm uses ini fort 0 “ahi

eves. But he did. Darkness gave the treatment for the ‘growing

to brag a little around the house.

By Don Teverbaugh

: . Times Real Estate Editor This rising cost of -home building is

merry-go-round. And it 48 making everyone dizzy. product is overpriced.” on the basem:nt To the average wage earner, high costs are prohibitive, Mr. Kennedy said his firm, the floor, or develops

to home buying. the Construction News? Frank ij, And. this, in turn, means fewer J. Wembhoff, the new editor, has 14 had a 27

PAGE

39 Classified ......cieavsnnes 41.55

raver enn er eann 3g AG

BALANCED HEATING—Temperature recorded per minute, MODULAR CONSTRUCTION—Heomes built to cut the waste of lumber.

Builders Plan North Siders Sell

High Home Cost for U.S. Business, Than His Ability as Fixer tof pro esc $500850 Worth

Modern huilders have simprified Of Properties

By United Press If a light plug goes phff-ft, I him a good excuse to quit. paing” - which are common tO Thirty-five pieces of property, YGYYRY » ~> 1” 4 { : les NEW Y ORK, Aug. 14 -David say quite casually, for all to hear Ask the Locksmith many homes. and homeowners, with a total value of $560,850, Kennedy, president of Kentile, . a Sa yo x he a Qa VR yr vine ave > were sold by members of AssociI af av nt. v “Don't worry. I'll f t Next day he did what he and T says a prominent architect. . nc., said today that ‘‘every eco- ont worry. 1x i. * ated North Side Realtors, it was

nomic factor is in business’ favor And if the washing machine should do in the first place. He

if your business is slow, your goes into a polka firove the car around to a locksmith.

In just two seconds the plastic prong came out, - battered and

a not-so-merry

(

largest manufacturer of aspha't a sinister whine and cork flooring in the in its innards, 1 ner cent sales ditto the above

partly. kind of weather, no need to wait $35 billion annually, and expected It's always been a mess since I

In industry, when costs creep Ul moe jor hain, d to climb to $65 billion by 1952, is put a half roll of loose picture i up high enough to start killing 5 omac and it cana factor in business’ favor. At wire in it. It gets snarled in the gus [@ IC S

turnover, the big boys call in the efficiency expert. His job is to point out methods of saving

money, trimming costs, reducing Fane: Patchwork

nized.

e stockpiled for use at any time the same time, Mr. Kennedy said, without heating — its homoge- “if military spending stopped to-

tools. When 1 pull out one, half a dozen come along, and drop on

morrow the nation's economy ’ = the floor, or foot. would still go full steam ahead.” por; orate More Buyers

The $24 billion-a-vear industrial Papa Takes Over

And the efficiency expert in You can now select your home- Play (eApansion program would y g,4 1m not the only one. building is the architect. Maybe to-be room by room and then put housewife in Clermont writes Hl en S ISe-

it is about time we listened to him. Hasn't he been right all along? Hasn't he been about 20 vears ahead of the rest of us?

approach.” and garage.

It means careful planning of _They come in assorted shapes design, elimination of all unneces- alld, sizes and will-:combine into sary effort, reduction of all waste at least 28 different and complete

in materials and labor. homes. To the man with the pencil, a home ig a machine--a machine

“for living. Building

Mavhe that's the way we ought

it together as a unit. Prosperity for Years That's the result of a new plan by the Small Homes Council, University of Illinois. They have

prepared four basic units -living- : And there is a very good reason dining area, work area (kitchen trialization of regions hitherto

for it, They call it “the scientific'and utility room), sleeping area

that her 2-year-old stuck a plastic Mr. Kennedy said that more ¢,.. j, the Jock on the car trunk. More families should be . at even geographical distribution of CL T tracted to the home buying marthe nation’s - population, indus- A Prong. roe of ket when wents receive an addiSo her hushand took over, just’ : his tional boost, Joseph M. Argus, < president of the Indianapolis Real Estate Board, said this week. Commenting on the new provisions for rent boosts up to 20 per cent over the June 1947 ceiling, Mr. Argus felt that few landlords

having little industry, and con- as I- would. He got out all tinued increase in the nation's tools, and set about.the business population promise a healthy of mastering the little sliver of economy over the years ahead. plastic which blocked the key. The nation's population, he Hours rolled by. Curious quespointed out, has grown by'an. un- tions’ didn’t help, like “Can't you precedented degree. ‘More peo- fix it, Daddy?

SPE were going to get much over a 3

!ple means more demand for goods and services.”

Awards But even more important than H. H. Hardy Had 15 Per Cent Boost

“We had a general 15 per cent

per cent increase

: : the total number of people, Mr io censider i. Machines are im. Lower in June Kennedy ‘said, is the way the peo- & t P Hl boost here in July of 1947 and portant to us. in this era—and- =o : ple are redistributing themselves ers romo ion soThe nave had RAT IORAL Tent in. are homes and home owners- ( onstruction contracts awarqed geographically. “Americans are creases since. that time,” he in any era. in Indiana in June reached $29.- J “the move as never before, H. H. Hardy, salesman for the ated

679,000 or 17 per cent less than

Standard Oil Co. in this area,

creating whole new markets wait . Permission to apply for in-

Prefab Dividend May's figure and 29 per cent less ing to be tapped by forward- has been promoted to the firm's creases in rent indicated a falver o than June, 1950, announced F. W. ul “ general officeg in Chicago, “it was Aner : : A 50 cent stock dividend has . looking managements, : policy toward landlords on the b - Dodge Corp. this week. announced this . : been declared by the board of di- ™ 0 11471 for the first six New Demands Created week. federal government's part, Mr

rectors of National Homes Corp,

months of 1951 was $208 million! «These people,” Mr. Kennedy Mr. Hardy will;

Argus felt,

Jatayers, Prefaliriesied Homer 2 per cent greater than the psinted out, “are moving into Pe assistant field] However, realtors fee] that re : y AY comparable total for last year. both old, non - credit - regulated T € Pr e s e n-; moval of all rent contrais would All stockholders of record Aug. , 2 attract ‘more rental units to the

1 will receive the dividend Sept. 1.

Smoke Signals less than May.

they launch 'a stoker sales drive. June, 1950.

They figure they have about. Public and private works and ‘The nation's wealth is moving worked for Con75.000 prospects—people still fir- utilities at $5.4! million were 32 around, creating new demand as tinental Steel ing their own furnaces by hand. per cent higher than May. it moves. This wilf§#ssure a high Kokomo. An at-

But the campaign will hit the

commercial uses of stokers also. R. W. Weisenberg the country,” he said. degree from Indiana University.

Wise Words Is Ad Director

Tom Jefferson said it, “An hon- Robert W. Welsenberg has been : : _ appointed advertising director of the exercise of power over his fel the Robert Hall clothing store

est man can feel no pleasure in

low citizens.”

A timely thought in these days rhein, it was announced this 3 : : of controls . .. Mr. Weisenberg will -direct and : . Salesman co-ordinate the chain's advertis-

ing and promotional activities. From gas to coal to real estate patric) J. O'Nefll will continue ~ that's the footsteps of Fred 4 newspaper advertising mana-

W. Beck, new salesman for the ger.

Gil Carter Realty Co ee a

Mr. Beck worked ‘as chief

draftsman for the Citizens Gas Field Enterprises X d hi Ca, and then opene 8 own To Honor Ralph Reed |

coal firm, which is now operated

by his son. Ralph Reed, With the Carter agency,” Mr. Ave, manager of Field EnterBeck will specialize in residential prizes in this area, will be honored ; A dP , and suburban properties on the by his firm for his outstanding 6346 Monitor Lane 7477 N. Pennsylvania St. Estate- Boards, In conjunction!

Non-residential awards in June houses and into new dwellings, tative in the pubwere $12.9 million or 11 per cent creating new demand for building lic relations de-

Residential starts at $11.2 mil- gd ali other home needs.” An employee The coal hikers will gather a lion were 33. per cent less than Not only is our population dis- of Standard 0il full head of steam this week as May and 46 per cent lower than persing but, Mr. Kenedy indi- since 1947, Mr.

Ek} market. Regulation X Next? Mr Argus also fel that rent in“creases were 2 part of the general relaxation of curbs on the housing

materials, appliances, housewares, partment,

cated, industry is decentralizing. [Hardy previously & picture. : = “Regulation X will be next at ¢ least a reiaxation of the credit at Mr. Hardy

curbs affecting the moderate inHardy received his come home buyer,” Mr. Argus said.

[living standard for all sections of torney, Mr.

1918 Southeast

“The answer to this problem Ba Problem announced last week.

which many families face in the The properties sold:

ourse of their natural expansion Walt Veon Co.: 2739 E. 37th St.; + 6167 Primrose Ave.; 5134 Rosslyn

ies in flexibility in home design, gi Ave; 5460 Guilford Ave.

twisted from the punching it got said Frank Sohn. architectural Bruce Savage-Co.: 4491 Wash the night hefore. And all for a .g5 ) 1 ihn nS Vb Br = g consultant for Libbey-Owens- ington-Blvd.; 310 E. Epler Ave,

’ 8 8 N ~ . y oe ee Je £57 pte Fit aia tarted strong. Nice job. « . ‘increase for the fi(st ha If Of 195]: remark, L Uke t CL BN : Se i wi sia EAR Yassin FRY : “raphy row MEAT Das. clendar aig : 8 8, 8 Hort enized “Raads i- Fi a y es we ei * is : 2 ? “her of the “Toledd Plan' compte broker; 346 .W. ith St.;- 8755 real estate agents, and less work og ous 386s to clear ther shelves gg v Gee never segin _to learn. r , i Washington Blvd., West Driv for labor. . A new all-weather road ma- of ov erlosded inv ant ol iis due Daddy ean vou I. think it's man’'s® well-padded sion. ; os = Bsaing I s Cerca 1 No single faction of the build- terial has been marketed by the to’ the fact that they are over- do that?” sense of mastery. We just don't “J, today's price and housing 72d St. ie di i ing field really wants high costs Koppers Company, Inc., of Pitts- priced. underpromoted and under- yp to that want to admit theres anyining nicture, it has ecome a real prob- Robert E. Walker: 728 ‘Notting—they mean less profits. burgh. It should do away with advertised.’ point, I can we can't do. Jem for a growing family to move ham Ct. Then Why do we have them? the spring crops of bumpy roads Stepped-up defense spending. Then I jerk open Mr. Hi ; But there is. Ask thit 1ock- to a larger home. Therefore The Spaan Co. Inc.: 413-15 N, Shortages of materials, labor this stuff can be laid in any currently running at a rate of the tool drawer. Mr, Hartley | un builders must make allowances Dorman St.; Lot 1. River Heights

for such growth in the basic plan- Lot 81, River Heights ning of the home.” Feiber and Reilly: 1731 and 1733 Lockwood St Harry I. Robbins Realty Co. Inc.: 7400 N. Illinois St Gerdenich Realty ‘Co.: 7200 l.akeside Hall-Hottel Co.: 1118 W. 30th 8 that makes it possible to use the rH ein Shoe

Improved techniques and theo ries ‘in construction have helped considerably, said Mr Sohn Smaller homes can be made to have more usable space through window walls of insulating glass

entire’ igor area right upto the "74 "yn Graves: 3738 DeQuinwindows. cy St.; 3642 DeQuincy St. Single glazing leaves a cold F. C. Tucker Co.: 3551 N. Drexe zone near windows, Ave,

Rooms . are being planned =o W. IL. Bridges & Son: 4021 Ta

they. can be partitioned econom- ¢0ma Ave.; 5347 Oxford St

ically. to make separate children’s 0Oms. Another step toward greater flexibility has been the use of trussed rafters which span the house from wall to wall Teithmes | Mor. Sub Sa e Ate the need of is 3 . I : : 23: Thine : limina ne Shed Pleasant. Run: PKWv.: 5050 W e ? artitions ( -t inh : JEAVY NeaTING 16th St. and 5050 W. 16th St

ili,

dfce walls to mere screens, easily Jack Carr Co.. co-operating bro altered ker: 4574 Guilford Ave John Mr. Sohn said builders are ‘ar- Max. co-operating broker; 605 W ranging attics with . sufiicient 77th St; 6122 Ralston Dr; 564 8 height and width to allow later Riltmore Ave.; 1902 Kessler Blvd; conversion into extra bedrooms. Brendenwood (Hartman home) Basements are being planned for 8 FE corner Hunterglen and conversion into rooms Braewick, Evans-Bromert, co-op-erating broker; Brendenweond Wallace home), EK. 56th St

Real Estate Advancing As Professional Career B & L Unit Gets

Real estate, as a professional L career, is making forward strides arger Quarters in the collegiate educational field, Arsenal Building & I.oan Asso. according to the National AS- which for over 40 years has sociation of ‘Real Estate Boards. maintained offices in the State Today, 126 universities and col- 1,ife Building, is moving to new leges offer one to nine Year gnd larger quarters in the same courses in real estate; 32 offer a puijlding four year course with a real According to W. D. Fitzpatrick, estate major; eight 6ffer gradu- gecretary, the new offices will ate work in real estate, and 14 gccupy the entire front of the state universities offer corres- fourth floor of the building, and pondence courses in real estate. will he equipped throughout with the latest in business furnishings and equipment :

Public Invited to See These New Homes Today i". wie i.

the past several years necessi tated our securing larger quar ters,” said Mr. Fitzpatrick, “We had simply outgrown our old office, The new office will give us more than twice the floor space we formerly had.” Arsenal is one of the pioneer building and savings firms in the city, ‘having been organized in 1887. ‘Fred H. Vogt is president, and Lawrence F. Broeking treasurer,

Real Estate Session The education department of the National Association of Real

with the University of Michigan,

wall devoted to built in space 3-9 at Ann Arbor to discuss in- ’ flationary aspects of the nation's

North Side. [sales record. New - Face | Mr. Reed will receive an all- YOU'RE INVITED=The public is cordially invited to attend open ho use activities at both of these homes today between 2 and 6 p.m. will hold a public session on Nov. ‘ expense trip to Chicago for a Notice the new and fresh ap-| three-day conference with - the| ‘This beautiful ranch type home Realtors, are brokers for the St. is a home of unusually spapearance of the latest issue of organization's sales heads. at 6346 Monitor Lane in the Win- homes, cious proportions.

dermere Heights Addition is built This attractive house includes. AS you enter, you pass through jon a spacious 100 by 225-f00t tne atest thing in electrical wir- 2 foyer and into the living room | lot and includes three bedrooms, ing--the touch plate system. All Which features a large picture a tiled bath, modern kitchen, full > window and an imported French

basement and attached garage. . Veron marble fireplace. The bedrooms all include huge no buttons, no snaps.- A handy The dining room is papered to closets which take up one entire arrangement, especially when dado height in a scenic pattern wall each. All closets are carrying a loaded tray, or such, exclusive with this home. Below

equipped with three sliding doora| The home is heated by an auto-{the Paber, fhe Joo is completely and have built-in compartments... is of ; rled in. + woods, for shoes, hats and handbags. atic oll unit. An electric water’ or generous proportions, the

it takes is a nudge to the plate;

heater is also included. master bedroom is complete with Range Built In Construction is of conventional & bath finished in bronze tile and Kitehen equipment is of the brick veneer on studded walls, oral appointments. The double most modern design, including ' closets have sliding. doors. plaster on rock lath with celotex! mhe second bedroom adjoins

a built-in electric range and cus- ; tom built cabinets with formica Sheeting. : the same bath and also features

tops. Cholee: of Schools sliding . ddor closets. The third { A fireplace graces the 14 by 4 : bedroom has its own bath, 118 foot living room, which also 1-ocated just opposite the Syl- : { Recessed Lighting | | features exposed brick areas and van Estates, these homes lay in |deep tone colored walls. the John Strange school area and , The master bath features a

| Bullt by the Byco Construction ; built-in dressing table, recessed \Contractors, a firm now-in its !¢ Christ the King parish, lighting and oversized mirrors.

BUSINESSMAN HO HOME—Located at 4208 Madison Ave, [second generation of builders, the, Modern school busses service Tire room is done in pink tile)

this home includes a bushy pine dun, den, Fuplece, 9 attached garage. It was

wife through Realtor W. N. Wate and ou Undureesd &

home is one of 10 planned for both public and parochial schools. trimmed with grey. The floor is a breezeway. and (this community. Three others are A suburban bus line is only one of grey tile. | and ‘nearing completion now. All will ‘block distant. | A powder room Is: located off | ) landacs ped fully by trained To reach the model home, drive the foyer, to’ 6300 E. Allisonville Rd. 74 The home also features a large ual Futur Sask On ‘Here at-T477 N, vania attivities room with one cc

behind mahogany ors for storage of china or dther articles. The walls are done in mahogany payeling and the floors are of parquet block.

economy.

Awning Type Windows

Both north and south walls of this room are glassed with awning type windows. A glass door, | opens into an attractive brick] | patio surrounded by a stone g hedge. The kitchen features an all electric sink, dishwasher and garbage disposal unit, Adjoining is a roomy breakfast area, The utility room is equipped for all automatic laundry facilities and houses a Chrysler forced alr oil furnace. Fuel iz supplied from a 1000-gallon buried tank. Adjoining the house is an oversized, completely plastered twocar garage. Ample parking space for an additional five cars is ‘provided, includin ng a turn-around.

in- Bedford limestone trimmed in

The entire stricture is finished | DAWNBURY ADDITION—Radiant heat, a are

>»

a soft grain. ve rooms and an attached

Evans-Bromert o.. es,

‘are brokers for the home, which 9. Dl by Roda Fig. -

: fois Woods & Co.: 1508 Ude ; Edgar Brodbeck, co-operating

American Estates Co.: Lot 598, | Warfleigh. 6100 N. Meridian; Lor low income groups

rage at 2205 Pamela Dr., recently by the Gil Carter for Mr. John W. Lockwood. Buye by :

ousing Planned At Purdue