Indianapolis Times, Indianapolis, Marion County, 26 August 1951 — Page 39

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By DON TEVERBAUGH face, hut he can outline the vein, ments compare with those under | Science says it's a lot of bunk, tell which directions it ig legulation X: but I talked to a man this week And approximately how deep or A $7000 home now needs a {who has been “witchin’ in wells” lies. down payment of only $700, in- xX Is Tilted— {for the past 20 years—from 150 ‘I got started, about 20 years. The Associated North. Side Stead of $1200; the $10, 000 home| {to 200 per year. ago after my son-in-law had seen Realtors had one of their biggest requires $1500 instead of $2500; R ig 82-year-old Daniel Web- old OMie Hobbs of Bridgeport do sales weeks of the year last week, and the $12,000 home needs only| : 5 B : i : | A . y S rn 4 . 9 > d THE BIG CANOE—Loaded in this "tin boat," which is 4% OE aia it, or i er. aroording to figures relsased hy 30% Soph Tatler four joe ) . vying asier hugged to the bottom of the Constellation, are 21 RCA 1952 TV how it works. But when he walks What he'd seen. Nothing hap- w Mus A A hangay io Come Ls ® sets, being rushed to Detroit for the new ‘model showing. It was (across an underground vein or pened. Then I tried it and the tal pis Jopoviet BZ sales The Drillers Yee) Lunt thus legly . the first time the air freight "pod" was used in Indianapolis pocket of water, the forked stick {Wig started jumping all of a nyt (ET Se Be ing Nuange or it e Uy : . |comes alive and squirms in his sudden.” The sales: in the home building industry. 3 Over the Counters tattics and cupboards. Now man- hands. . Mr. Millis doesn't make any al Gowmitla Ralston It will mean more homes, off C- - ; ufacturers are mopping tears. In fact, I tried it myself. charge for his “witchin’ » because 3Ve~ 2522 E. 40th St, 2110course, but it will also bring more| ; ; - 'G Retail stocks are. still strong. The prices are on the sad side. I've got the touch, it seems. he feels that the Almighty didn’t Pamela Dr.; cooperating broker functional type houses. Luxury is By DON TEV ERBAUGH But that’s in the shopper's favor. There are practically no Indiana For I could feel the twig twist glve him the power for personal Jack Carr, Inc, 3518. Ny Denny going to go because the builders THE FORGO Times Teu| Evtui Wlitey it I wos REE SRS on Hghtens, peaches. A grocer said, “Last in AS whey 1 ge a rR 20 N. Eastern‘ ®%e:; and hia too De ones t 1 : ike MAN-—the little guy who buys low 3 5 dae = aopiaavie ox gs BARS RR amar a Re heen Asdnss dipp SRN AN0, n payme or a COS ousin —today competition betyeen Stores, Keeper EAI Hy Nd Twa te Ted Wend Lorne St PH a Le Shah sh ¥ dk BSS 000: nom many eyes. Henri AO himspld: the Spe, of Sore er prices fame. Now we sell them four pounds for| \ndthing happened. Saves Customers Cash” Ave. 7849 Windcombe Dr. 7285 ($4300). y ” Jus : $ Windcombe! Bill Jennings ef the J & 1. For last week Congress legislated home wil back

a The Indianapolis Times ae ve]

Real Estate Small House Plan. ...vvv.... 41

: 2 SUNDAY, AUGUST 26, 1951 SAGE 30 | Classified ..........ss..42:55 | Today *Business Down Payment Reductions To Spu =f a CA NN, ERT rere rr

Defense Money Production Of Low Cost Housing

Fl oods State mn Compromise Bill

By Harold H. Hartley | DEFENSE MONEY was fluttering from Indiana skies, Awaits Truman’ $ Pen Tomorrow

like “political manna,” last week, to give strength to Builders Will Aim

prosperity’'s uncertain knees. There hasn't been much downturn, but a few faint| At Cheaper Home | Congress curled an enticing

signals have shown up. ‘Employment had dipped during Motors sweetened pay envelopes {finger at. the home builders” | . ithis week and catapulted

the summer Some began to again. It was the UAW'’s escala-| wopder. And Washington got tor clause which rides neck- -and-| out the money needle to make the neck with the cost-of-living index.! peopie ‘‘feel good” again. #8. ¥ The fastest spender, the Air THAT WILL PUT car prices Force, was beginning to poke UP: It has to. And there'll be anmoney down through the cracks Stier found in Determlier. ual of the industrial structure to!" prices again e ot M 3 i i ] reach EE) ape js two big motor makers already them into the low priced housing market. The lawmakers approved and! § {sent to the President legislation {which not only reduced down payments on homes costing up to $12,000, but appropriated $1.5 billion for Federal Housing Ad‘ministration (FHA) mortgage in-

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yelling the loudest. Crumbs, to are’ on the mat with the OPS. the “forgotten man'-ufacturer, They want more dough for their|

cars. n Ld n y : a ose : : Not-so-little Mike DiSalle has THE EASE-UP ON HOME pay- {pe pit in his teeth. He wants to ments was to fill in the threaten- slap prices down on tHe consumer! ing cavity in the building curve. .nq at one bold stroke That's! Builders thought it “might help,” just a dream. :

X giey sould gol Horange Foney: Almosts any manufacturer, or SUrance. t y a I ; on gpellec Jn ‘eb distributor, will tell you flatly, President Truman was expected ers a mile high. No profits, no goods. We're to sign the bill into law Monday.

In doing this, Congress hoped to break the shackles on the low cost home builders. They hoped to untie the buyer's ensnarled purse strings; first by cutting {down payments, and second, by]: refilling the FHA barrel which ; has echoed hollowly for the past] Times photo by Lloyd W alton, two months every time the dipper

THE WELL WITCHER—A forked willow twig tells Daniel Webster Millis where the water is. went in.

Specificially, the legislation re-

|Our Don Does It, Too— N h Sid quires 10 per cent down payment SAR & ey Da e on h s costi to $7000; Where the Forked Stick ort | HY i) I wan PARADE OF HOMES—Another new home for display durx Di h : : i Sx, $1000 and 2, pe ag the Parade o Homes Sept. 9-16, is charted on the map of dL cent for ose between $10, ndianapolis iss H Boston, + to Frank I, i IPS, ] ere Lies Water List i Sales and $12,000. director the Pale OE Homes Morr Ton 800 nk Santa

‘sa th ray ; require- . Here's the way the new require pected to be open to the public.

-Prices were headed up. General not in business for our health.”

Outfitting the kids for sehool is 39 cents. . That's about $4.29 a Well digger Richard Hamilton, Mr. Hamilton, who is a partner >: lind St, 7816 54025 Rockville Road, swears by in the Harstad rit well Pr 4102 Roselawn Dr. 4334 Realty Co., dealers for the Na-linto the low cost field. It was a

equal to last year. And the ladies bushel.” (Peach bushel: 40 to 4 the. “witchi > y ner ; ¢ tional H fabs, felt th bless them, are going to be better pounds). : ily itching” prowess of MT. gigging firm, also can witch wells, Evanston Ave, 4442 Indianola h DIMES . Preto e at reversal of form for the lawmak- The Hitch covered this year. They're buying ® 8 «» $ 5 but he usually relies on Mr. Millis. Ve" 5930 Haverford Ave. Jack-[IEW }iomes wets headed for movelers, Who eleven months igo had T more clothes. . . KELLOGG'S - WILL, HAVE a He Beats the Odds . “He's better at it than I am [Jon farm in Hamilton County, functional design, less fancy ap-icancelled out the low cost home ANOS 5 HAN 5 ABIS" donde : : i: a, : / . es : han I am... %; 3 Oy Ay tments : ; Mrs. Martha Hitch, who is now Lact. vear the cidthes money EW puffed corn soon, like puffed I'll dig anywhere Mr. Millis My brother is a skeptic, but he’s 3322 College Ave., lot 22 Kessler bein} € £ Lx : market with the stiff down-pay-5 fun fledged went for appliances and TV sets Wheat and rice. witches’ a well in,” he says sol- satisfied to set up -our rig where- Adilition, it 5 Windeombe Ag- the po diere ee oy ment demands of Regulation X./real estate brokwhich. on a war basis. were" all Indiana potatoes are a good buy emnly. ve seen . him loc ate ever Mr. Millis says to,” Mr. ditibn, cooperating’ broker F. C. SS C ds,” Mr, Jenmng: Regulation: X Hetually * forecdier and in busi: set to. do a fade-out. ‘This -year, MoV. 81 29 for. 50 pounds next water Jame ang hime again. It Hamilton said. Yue eer Co. and ot 87 Windermere! tndei Regulation" X builders the builders to _construet vhouses Ness for herself. the girls are gding to keep warm, WeeX. But eat: them, don’t try to SOMA e LoIntidene Ol ueRL hel he Haghitton ol Heighis, + were all but forced to build hi rher in the $15,000-825 100 > 1 Mrs. Hitch and smart in eve-ling erin ECE 2 REA demtal. ee old timer Fond“ Shp¥im Now the Mawkins-Whilfing Realtors — ost homes because die tow ost! B40 price hrack: has offices: at clothes. - The keepers are from Northern “And ‘he does “if {in locations “‘witchin®” .works,. or why. All 271 N. Mount St. : Forme DUST Was. virtusily elitar ets. BecauSe “these were-the only 4901 Elotcher - a aa Michigan, Maine and Idaho. Where He odds are 10 to one they know is that it does work.| Jack C. Carr>-4538 W Ent worth inated from the hoWising market. houses they could sell. Ave. and is asBUT THE MEN, never very Sh t Ni ht Aa, nrg water,” nodded It misses once in ‘awhile, they Blvd., cooperating broker Edgar “This. bill will change the pic- And builders >have to sell what .Sociated with clothes conscious ,past 40, are so or g : M con on: t Iv admit. But it is saving their cus- Brodbeck. ture completely,” he added. “Now they build, or go out of business. broker R. c, busy earning what it takes to DON'T BOAST ABOUT going Wats Sength he sartes Spot Some tied. the long run, so|. yi Adams 3034 Delaware the builder is forced to build voz wg, Soh 20 Ro outfit the women that a lot of «yp north” for your vacation. Not : y alisne St. homes for the low-cost market.”! BUT NOW, under present legis- id merily : wit} lation, builders will have to meet { Re Cent 2

them ssing pir V ; ar o i € are passing up their own jf you are anywhere near Quincy Knight Realty Co.—1205 N. A Discrimination te 1 I | the low cost housing market if T ; rg: Mr Hitcl ownship Asses- rs. itch

wardrobes. Men's suits are : (@) “ ‘ » Smith. wner hi p f I. #1 Dogney Ave. “It's a discrimination against ; w : 5 ASSES. S : o omes er Uptown Realty Co.—4920 Hill-|¢p, guint [they want to- sell, sor's office, Mrs. Hitch also

‘slow. ae avant ga _ He's a record engineer at RCA, . famil seekin a better : ye The stores aren't even jump £ , side Ave. 3370 Arthington Blvd. home,” ry oa ng te w .1,| Homes costing up to $12,000 served with the United Nations

3 ] » ing at Christmas goods. Last and he really went “up north” Jumps 17 Pct. in 10 Years and lot 24 Woodside Addition. Bridges “It4] force them 10 boy now will have lower down pay- at Haiti. $a Be : 7 ment demands. But more im-

year the rush was so breathless, over the Artic Circle Driscoll Realty C 2202 K ) > . : radty Co.—2202 Ken- s whic i FH homes which do-not meet their portant, those costing more than A Loosens Up

buyers sometimes forgot to ask Mr. Smith who is 45, nad a Latest census records show 58 The New York-Northeasternwood Ave. : needs.” the price. Who cared? Everyone friend, Joe Bagley, of Traverse per cent of metropolitan Indian- New Jersey metropolitan district Butterworth & Co.-—5214 Guil- Mr Bridwes and any 5th 1$12,000 still are in the grip of Feder: Was buying everything. City, Mich. and Joe has a sea- apolis homes are owned by the had the" lowest proportion ‘of ford Ave, 3702 N. LaSalle St., builders felt 11 a lati Regulation X. . edersl Housing Administra. ¥ sn = plane, and a son, Jack, to fly it. people living in them. owner-occupied homes with alco-operating broker Driscoll oy ld y 3 - re SW ro A lon} mg puy a $15,000 home today, tion commitments have eased up * CHRISTMAS GOODS this year! So he and Joe motored up to, This represents a jump of 17 ratio of 31 per cent in 1950. Realty. Co., 5864 Ralston Ave., wou Seduce i or He ame you need: a down payment ofa bit. They're goin; out of the have been bought in wide selec-|North Bay, Ontario, some 800 per cent from the 1940 era. The This, however, was substan- CO-operating broker Gil Carter William Chestnut or tne A H $4300. Indianapolis FHA office at a rate tion but with care. miles, then Jack care along with average value of a typical Mar- tially above the ratio of 24 per CO. M. G ro c said tne bill The $12,000 house goes for a .. 040 every 10 days “If we need more,” said one the twin-motored plane, filled it jon County one-family house was cent in 1940. The New to k- Edgar Brodbeck —1230 W. 19th sli Be ang : : mere $2400 down. te 2 department head, “we'll re- with 300 gaHons of gas and they $8380, the census report showed. Northeastern New Jersey metro- St. 3008 W. 16th St. : JJ ie 3am di I hal h # #2 =& and there. BE lag of only order. W# know there's plenty followed the compass needle like] Special studies by the census politan district consists of New| John Lookabill — 3209, 3213 a TE = cate v ax €l CONSTRUCTION will be aimed lifes Save for Washington apmore.” a homing pigeon 1000 miles in department on the housing charac- york City and Nassau, Suffolk, 3217, 3221, 3225, 3229, 3233 and Be Ee Dey ay at the low cost market. And this DIVE dice isn't a% aa ‘eight hours, toward the true teristics of the nation show that| Westchester, and Rockland Coun- 3237 N. Bolton Ave ’ : ne Dy os 2 'd eh vi 0 means less frills and luxury for _ . 1 pace - a9 Strong bio By Fork and Spoon North Pole. home ownership is up across the ties in New York, and Bergen, Fred T. Hill — 3818 Graceland DS a pate y nelle. New homes, It means fewer A ro das ie . & . ry Nien ; deh ; , Jtals , ’ ilt-in appliances, perhaps small- xy : 18 THE THINGS WE EAT are TW in n , J es show, among Basen Frdson, set, and Morris, Ave, 3 & ‘ said. : De rane Dares hal every 10 days. But we don't nave plentiful. But prices are going HE W AS THERE from July other things. that the home own asm, s omerset, and Union. W. L. Bridges & Son-—-4441 Car-| The refinements of modern |; rr aan< new homes are tem- the 10-day wait for approval that their separate ways. Fo a Suowed 2nd sieved, oretip na A rr crori the ounties i New Jersey. 2OLiON Ave, So operaung broker homes will be cut by the bill, Mr. porarily going to lose their i dogged the applications for The new pack is coming in for 5, 35 4 ger very cold. UN Minnesota-Wisconsin area to Ohio Low in Hartford Area OPW IY oans.opte io RE felt, glamour. the past month. 38 degrees. The spann Co., Inc. 2424-26 Mest a Price But mavbe that's a good thing. T'hings are looking up.

; 940) 50. The. second lowest was | between 1940 and 19 a the a rrollton Ave. and 625 Birch

canned’ goods Tomatoes and : : : They ; Last year's census showed two Hartford, Conn, metropolitan A

> : in cooked with bottled gas, 3 ors are going ave peas have been price-humbled. “Just as automobile manufac- Builders are going to have io The Magic Touch

ve make the most of design and

But fruits are walking up the redo ysaal CRIS aol cities in the Buckeye State with district with an oewner-occupancy ° Bruce Sav: BO turers drop the ‘chrome and luxcarpet to fancier prices. And they! hing he couldn't et 8 d n the greatest percentage of owner- ratio of 40 per cent in 1950 as 1 Pie A il Bge Cahier £ 49 ury trim from their cheaper.’ mod- planning. Houses cannot help but Gil Carter had the touch last may get snooted right back by ipa B nights g use 0, occupied homes. They were the compared with 33 per cent in pe Yi Ww. Je vl iy ala Ri Jak els to meet a price, hohie “build- become more economically built, week. Practically everything he housewives who won't pay. The Sun went to bed at 11:30 steel city of Youngstown, with 1940. a ' lh na " 6 | itter oe ate pong to eliminate Teas more efficiently designed touched sold—an even dozen propSoap companies have hauled, and was up going again dwo owners living in 70 per cent of the) hicago was third from the N. Pe 3 oe siggy Hes tures like automatic oil heating F ishi Sh S Sriien totaling ote dnsn 8 qua) out their shotguns, wadded them yours later cbmmunity’s occupied dwelling bottom with a ratio of 42 per cent ian ct N equi t. tile baths, double urnispings ow set ter.of a miion dollars, s later. and 2114-16 E, 46th St. equipment, le alhs, Jule When he sent us his sales re-

with coupons, and are banging « » gai _. _lunits, and the tire center of Akron aS compared with 32 per cent in ™'¢ ink: b " aus ai ) ’ . 4 ¢ $ \ § ’ asements,” h Gausepohl-Baier Fur ni ture, And that,” said Mr. Smith, with an owner-occupancy ration 1940, and the Boston area was Harry L. Robbins Realty.Co, sinks and full seme € I o ae combletely decorate 3 port it was so %ood we thought 8 lots at the southeast corner of Said nec. C I 3 - it ‘was for last month, instead of

away at Indianapolis. “is more than I could do.” a i ; es i 4 4 3 hea of 69 er cent. Their 1940 ratios Journ with a" per cent incis and Set. Sts New homes are going to start home for display in the Parade Na week BUT TISSUE PAPER is in 2] 1... Harold Hartley witl were 55 and 53 per cent, respec lo Jan a8 compare with 35 popping up In less desirable of Homes Sept. 9-16. Proceeds Only. a week, gad state. Last year the public “wr ea are d atfiey with tively, Among the nation’s other le: . Ineighborhoods, Mr. Chestnut in- from the display will be presented At Last ] he Human Side of Business Philadelphia's Big Gain ng the nation’s other lead- Easy Cleaning Trend dicated, as builders attempt to to the Women’s Auxiliary of the

how it remembered-—was stuffing’ on WISH at 3 p.m. ing metropolitan centers, Detroi ’ ; = } The Duluth, Minn.«Superior. wag a oer with an San There is a current trend/cut costs by building on cheaper Boys Club. 4 I'm one of those guys with.a 3 § f ywner- The furniture firm will furnish shower phobia. My shoWer either

Wis. metropolitan area, which led gecupane nt in AWaV {ro abric lots. | ] ] 4 13 | bebe nation. In owner occupancy inl oi 50 as compared with es sew In away on fabr Sid i poleser “Builder Thomas Grinslade of two bedrooms, a living and din- makes like it's boiling lobster or |1940, was in third place in the in 1940. and Los Angeles was toward StAInproof, eagy-to-clean the Grinslade (onstruction Co , ing room in the house at 3348 quicie Ireezing peaches. 11950 Census with an owner-oc- ahout one-third of the way down clay tile for vanity table tops which specializes in Homes in the Pel Creek Pkwy. _ The display But now they've got a shower lcupancy ratio of 66 per cent e and. counters ally to wash $10,000 price range, felt that will feature all the latest furnish- thermostat on the mixing valve 3 cupan, 56 per cent in 1940. Continued on Page 41, Col. 5 |basins. credit would have to be loosened ings styles and fabrics and willithat keeps the spray within one | The most spectacular gain of ~ — - - eee | hofore any real stimulant would be done by Mary Stuart Bowser, degree of what you'd like it to be. all was shown by the Philadel-| ? d {reach the building industry. consultant decorator, A. 1. D. __Ahhhh! SRE he | “It isn’t going to do would-be ; {home buyers any good ‘to relax| down payments if they can’t get | {mortgage money to finance their | new home, ” he ne,” he pointed out.

Six Will Attend Frisco Meeting

Six Indianapolis mortgage | bankers will attend the 38th an-! | nual convention of the Mortgage| {Bankers Association of America, | |Sept. 11-14 at San Francisco. i | They are: H. Duff Vilm, M. C.| | Mackay, Wayne M. Harryman,| | Robert Moore, F. E. Turner, ‘and {Robert Stockwell. { Mr. Vilm is a member of. the association's hoard pf governors. Advance reservations indicate ithe attendance will. be in excess

3 = ® 8 ® e ~~ S 3 e = EB = & wm on > o a < = 0 y Fd A

comprises Bucks, Chester, Del-| t laware, Montgomery, and Phila-| delphia counties in Pennsylvania,| § " |and Burlington, = Camden and |Glouceéster counties in New Jer|sey. | In. 1950 the -Philadelphia dis{trict moved up into fourth place) | with an owner-occupancy ratio of {65 per cent, as against 17th place land 44 per cent in 1940. {| In all, the Bureau of the Census {has issued reports for 47 of the| nation’s 57 metropolitan districts. | |Of' this number, a total: of 28 equalled or exceeded the national average of 55 per cent for ownerFoccupied homes in 1950, a far bet- | ter showing than in 1940.

{

| New York at Bottom The nation’s two biggest cities, |New York and Chicago, are down at the bottom of the list of owner-

EMPLOYER oF THE YEAR—He's third from the left, Joseph | E Cain, president of P. R. Mallory & Co., Inc., receiving a citation

from the Blinded Vet Associati . occupied homes. This rating was, - lof 1800. WT Bodo ha loam Hin icing of Mallory ga orl Hod 8 Faron true in 1940 a well, but both! JUDGE'S HOME—Retired Judee Warren Miller, formerly of | ° Topics to be covered at the c APE COD T ‘of Stat Bound of Industrial Aid, and [lor right Jobn F. Brady. |ncrne ee i Ihaaiet 3. Pau, Mish recently bought is horie tusigh the Bort Reslty convention include the govern. | MCC 0g fT Yn : ; Sais president of the Hing. : La Hory's has ; ou top frond rd |decade in common with the trend Co. at 5387 Primrose Ave., the Cape Cod type.home J ae on wife. It includes fiv

in the rest of the nation. 4. sy frm ou, Slory Lawrence 15, Hinds ang. wile 3 rine Ta the last gugnes, ae dado a iy

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