Indianapolis Times, Indianapolis, Marion County, 21 October 1951 — Page 39

. Q «9 Rn

3 Secti on Four

Real Estate

City Rules Today «Busi

ness Hungry Taxes Stalk Payline

By Harold Hartley

THE TAX BILL wiggled through Congress. It wasn't much different from the one they kicked out last week. And in just 11 days i Il be headed, like a hungry pup, for the great Americatxpay check. All T could see that Congress . i did was to shave three-fourths of year-old portraitist, whose work one per cent off the income under Will be walled in the employee] $2000. And I don't know of any- Cafeteria. Lo one. who makes that little and It hag slick talent. Ray Thomplives on it. son is feature-finder, and Buddy If there are any in this bracket Mason, taps out a monthly Hollyvou can bet vour hat they are wood-and-Vine pie e, smooth as bedded down with relatives, or butter. © - boarding with the old folks. It is going to hurt, but in easy stages. You. may not miss the extra you get nicked for Now 1, but multiply it by 52 yeeks, and you'll see where Congress took a pretty good slicé out of your pay. = 2 = HERE'S HOW to figure. If you have been nicked for $5 a week, as tribute to “Rome,” you'll have to hand over about 60 cents more to Caesar. Multiply that 60 cents by 52 weeks and you get about $31. That's not the whole tax, just what's added. How much will the tax bill cut buying? A little, probably not much. The wage earner already is walking a tight rope, carrying carefully balanced family expenses. He'll have to cut somewhere in his spending. :

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House Warming WHENEVER the wind comes up in the night, and shatters a store window downtown, I think of Reily Adams. "A lot of other people do, too, because he is the guy whe puts in, the mew window, He has five of those narrow trucks which cart huge sheets of | plate. glass around the town as| gently as on a feather bed. " un Md REILY ADAMS, as everyone knows, is presidegt of StewartCarey Glass Co., at 270 Virginia Ave. It's a business I have always envied. I don’t think anyone gets plate glass repaired. It's always a new one. Stewart - Carey ts having a house warming next Thursday, an

all-day party to. show its. new . a =n office, display room and wareBUT THE over-all zoom of the house.

federal feed-in of this same tax money into the spending .stream should lure wages higher — and prices, too—-in spite of controls. And that, like a needle to the taxsick patient, may, for a time, ease

» n " WHEN YOU SAY glass, Stew-art-Carey has it all: windows, safety glass, figured glass, leaded glass, thermopane (keeps heat in or out), Wnirrors, glass blocks,

3000 Guests See Suburban’s Office

the pain. . store fronts, or what else you can Register tapes in the stores are think of. healthy. But merchants notice

the shift from hard goods to textiles, more to wear, less to use in

the home. isin The Suburban Federal Savings CRA EN . : & Loan Association of Greenwood EMPLOYMENT is stiffening, y still separating the know - hows | stepped into their new home this

week at Madison and Pearl Sts. and welcomed 3300 opening day guests. The ladies got gardenias. the men mechanical pencils, and the youngsters Eskimo Pies—and

from the common labor. If you . have a skill, you've got a job. But if you haven't, you just keep on walkigg. until you're lucky. One thing, stays steady. That's food tonnage. That's always easy to figure when there's enough money around. It's all our stomachs will hold.

The Answer Book I SAT ELBOW-TO-ELBOW at

’

banking. }| Built by R. T. Fisher and designed by his wife, the new building is constructed "of Bedford stone and marble and is complete-

ERE

lunch with one of the town's ly air conditioned. " leading booksellers. v The firm started in 1917 as the We were talking about what | Citizen's Savings & Loan and by

peonle read and why. When they are‘ in trouble, as in the depression. people reached for the Bible. And that was because they can’t find the answers anywhere else. Bible sales soar. » = ” A BIBLE SALES TODAY, he # told me, are running far ahead

{1939 had amassed $750,000 in assets.

dent and today the firm has nearly $3 million in assets and serves almost 800 homes in Greenwood and southegn Marion County. The neev building also features

of the depression days when : customers, fireproof vaults, and breadlines writhed in the streets CAPEHART—where TV fits best. matched walnut woodwork. In like hungry serpents. . . the entryway a large etched To me Bible sales are. the In This Corner . . . mirror illustrates the part the

arithmetic of life, totaling how many more -peaple today are searching for the right voice to lead them out of their wilderness. Sounds. like a sermon. And it is.

Block’s Blue Ribbon

BLOCK'S BOOSTER, that lively] little tell-all of the Wm. HY. Rlock Co., picked up the marbles {ast week. It was chosen best-in-skow for the avhole state with its houncy promotions, And that made the whole Block store happy as pie, and cave George Madden a smile that! stayed put. | ~ ” 5 ONE PROMOTION was .the Beauty brigade, 15 teen nretties who pass out the magazine at exit

- TELEVISION SETS have to be deep because of the big tube. And I have long wondered why someone didn't make a- set the shape of the tube which would be triangular. But I don't have to wonder any more. Tom Ferguson, brisk appliance manager for Kiefer-Stewart Co., has the Capehart line. And Capehart is putting out a TV set with 20-inch screen just for corners. on n = THE FIRST SETS will be in town in about a week. They aren't minimum TV. They're tele-! vision at its best. And they take less space, fill an odd corner in a living room or study. I predict the whole industry will be making these soon. But Capehart, bless

The Greenwood High School band played at the opening day ceremonies which included the presentation of a plaque honoring the firm's original founders:

Busy Week For Realtors

A busy week is in store for| members of the In@ianapolis Real! Estate Board. Tomorrow

evening at the Antlers Hotel, the board's Educational] Class will present mortgage banker H. Duff Vilm who will speak on “Financing the Sale.” The class starts at 7 p. m. and is moderated by Arnold G.

its electronic pgavis. doors each month. They're dressed tubes, did it first. . At 7:30 a. m. Wednesday at the to the teeth, too, by Jody Thomas Columbia Club the Secretaries

display stylist and wardroher for .

Birthday Party

Seminar will have attorney Fran-

Te Boosten: to entertainment a . TONIGHT IN THE Marott cis M. Hughes to speak on “You Sa ' and the Real Es pt | Stage section. and a charade Hotel there'll be a party, The e state Law

The board's annual Halloween party will be held at the regular Thursday weekly luncheon meet-

guest of honor will be Franklin Bates Flanner, and he was 75 on tiday. He is the nephew of one of the

team, Carol Haines, Pat Marshall and Max Bender and the editor, Marty Clinton, eX-UP'news and picture man in San Francisco.

~ THE BOOSTER IS FLYING pennants this issue for the first art.show of Sharon Collins, 22-

)

Schloss on Committee W. L. Schloss, president of the Indianapolis Morris Plan Corp. has been named a member of the golf committee for the 31st annual convention of the Consumer Bankers Association at the Edgewater Beach Hotel in Chicago, today. through Wednesday.

“Hear Harold Hartley with “The Human Side of Business” on WISH at 3 p. m. today.

Pr.

out the | ginia Smith, 19 (named y Lou (Moo Loo) Wooening, | all nice to look at, nice to + hom

BEAUTY BRIGADE — These Block beauties hand Booster each month, From the left, Miss Vir by The Times as "Miss U.S. 40"); Mar 17, and Miss Patty (Cake) Kossatz, 18, be near. A ’

MONDAY ON

ONT ST. IM. 5381

e at 5672 N. Illinois.

; i o

_ PROPOSED LOW RENTAL UNITS—Doubles

In 1943 Griffith Dean took the heim as executive vice presi-

a large cement parking lot for)

firm plays in making home loans.

ing at noon in the Washington Y

} Hotel. Realtors F i y The team will be TV'd Friday at founders of Flanner & Buchanan, and Gil pe one i der 3 3pm .« i Continued on Page 40—Col. 1 tivities.

DOCTOR'S HOME—Dr. Don G. Hilldru

such as these are planned for the public housing site at Dawson and LeGrande Sts., where 138 units are platted.

GARDENIAS, ESKIMO PIES, PENCILS—Opening day this week drew 3300 persons through Greenwood's new Suburban Federal Savings & Loan building.

i menslasabeo mA ee p

: gy : . hi ue ; . | : 3 - ) : | Real Estate .......... 39-40-4} e n ana 0 1S mes » ‘Business... .. ee viens 39-4041 : : : | : 2 . : Small House Plan ....... 5 4 SUNDAY, OCTOBER 21, 1951 . PAGE 39 Classified .......... 2: 4 8

Public Housing Tomorro

Convention Group Studies Tight Credit Situation

The newly formed. Mortgag. Farm Brokers to Malabar Farms, Study Committee of the National near Mansfield, O., where Louis Association of Real Estate Boards Bromfield, Pulitzer prize-winning ‘will meet during the 44th conven- author, has carefully tested his| {tion of NAREB in Cincinnati,|theories of soil conservation, res{Nov. 11-16, to consider the cur-itoration, and self-sufficiency in rent tight financing situationifood production. 7 {throughout the nation and to de- Among the important commit(velop recommendations for action. tee meetings at the convention Included in the scope of the will be those of the NAREB Li‘study is a proposal for a mortgage cense Law Committee, under the discount. bank, privately owned chairmanship of Philip N. Arnold, and operated. About 100 realtors Philadelphia. Two full days of have volunteered to serve on this sessions are schéduled Monday) committee, which is headed by and Tuesday, Nov. 12 and 13. ExWard A. Smjth, Tacoma, Washy pansion of the real estate industry Appraisal of real estate under brings this subject to the fore, present economic conditions will and the meetings cover such subbe the theme of two demonstra- jects as reciprocity and successtion appraisals at a session of the ful measures to pass American Institute of Real Estate'law. Appraisers Tuesday, Nov. 13. Her-. Among the nationally known man- O. Walther, Chicago, and speakers at the convention will be Charles A. Kober, St. Louis, will Sen. Robert H. Taft (R. 0.), Sen.! give the demonstrations. {John W. Bricker (R. 0.), Rep. |

a license |

J Home by Weight

Seminar Set John Bell Williams (D. Miss.),| Mr. Bromfield, Dr. Norman VinThe Institute of Real Estate ent Peale. author of “A Guide to! Management has scheduled a oonfigent Living,” one of the most seminar on special property prob- ra maus pest sellers of the day; lems to cover such as suburban yenrv R. Luce, editor-in-chief of shopping centers, industrialqum. ire and Fortune, and Benfreight terminals, and small office jo min F. Fairless, president of the buildings, United States Steel Corp.

States” is the interesting topic for the panel discussion at the general

By DON TEVERBAUGH Times Real Estate Editor

{than the food you eat.

For today’s average brick or Northwestern Mutual Life Insurstone home sells at the amazingly 2nce—31; Fletcher Trust—28; Inprice of 9 cents per pound— diana Trust—25; Indiana National and the Celtic Federal Sav-

low and that includes the lot. Here's

house:

Shingles ...... eevee 4248 Ibs. Sheetrock, 4800 feet. .9600 Ibs. Oak flooring, 1300

feet ono0.......... 2600 1bs. Lumber and other materials ....... 38,000 lbs Plumbing ......... 1600 lbs Heating equipment.. 600 lbs. Brick cee... + .40,000 lbs. Concrete, steel beams eriiinnes vere nsv 81.208 Ibs.

Concrete flat work.10,080 lbs. Tile work

Total weight ...173,186 lbs.

That's a total price of $15,586.74 Club. Try buy-

9 cents per pound. ing any foog at that price! x » =

Mortgage Makers This is the stuff homes are made of—mortgage money. And here's where it came from during September: . Railroadmen’s—153 mortgage

W. J. Jones Wins New Appointment

W. J. Jones, for the past- 15 years an executive in the Chrysler Corp. New Castle plant, has been appointed supervisor of the ‘firm's central routing department in Detroit. ® From 1933 = through 1948, Mr. Jones was planning supervisor at New Castle and at the latter date gE was promoted to

& assistant superFp visor of central J routing at ‘DeMr. Jones troit.

Mr. Jones is a native of Washington and started in ‘the automotive field at the Graham Truck plant at Evansville. In 1930 he was assigned to Dodge Truck operations, joining the New Castle plant in 1933.

p is the new owner

Representing him in the transaction was the American Estates Co. ! seller was Bernard Pippenger. The home includes three

the way one builder figured out his price per pound of

vr 6250108,

Union Federal—92; Arsenal Build

ing & Loan—73; Fletcher Ave. POUND FOR POUND, a new Savings & Loan and First FedGreenwood got the last word in home will cost you less to buy eral—55; Colonial Savings—54;

Shelby St. Savings & Loan—45

ings & Loan—23; Prudential In

Christ—21.

Other mortgage bankers not listed handled less than 20 mortgages during the month, accordSupplied by the

ing to figures Union Title Co.

Palm Fronds Elmer T. Sherwood,

tween Lake Rex Beach.

They sell at $500 per to Legionnaires with a charter membership’ Country And the first 150 -takers

in. the Sebring .Shores

get 20 per cent off.

The idea is to pick out a spot

for eventual retirement,

The 100-1 Shot

One of every 100 homes is a That's the sign of the Trailers are booming, but

trailer. times.

maybe it's just because there

~~’ aren’t enough conventional homes

available.

One of the two biggest trailer manufacturers, Spartan Aircraft! Co. of Tulsa, reports a 40 per

cent jump in their production this year. They are drafting plans right now to expand their plant at Bourbon. During the first nine months of ’51, Spartan built more than 4000 trailer coaches, as compared to a mere 2800 for the same period a year ago. And other trailer manufacturers report the same, despite material controls. Trailers are “hot stuff” critical defense areas 2500 have taken “roots” in Paducah near the mushrooming Atomic Energy Plant. Sites for 4350 trailer homes are planned at the atomic project near Aiken, S.C Trailer homes around military bases got a further pat on the back from a Senate sub-com-mittee because of “rent gouging.” Been out near Camp Atterbury recently?

in the more than

of this spacious brick ranch

bedrooms, breakfast nook and fireplace.

surance—22; Fidelity Trust and {Pension Fund of the Disciples of

complete with palm fronds is hatching out a batch of 1000 Florida lots beSebring and Lake

“Trade Secrets of Top Residential Salesmen in the mer rth id S I 29 Properties

session Thursday morning, Nov. 15. Miller Nichols, Kansas City, Mo., will act as moderator for this feature presented by the National Institute of Real Estate Brokers. |

estate’ sales clinic of the Society total of $470,800, Chairman Wilof Industrial Realtors. . “Interest-/ 1s Adams announced. ing Farm Sales” will be the sub-|

ject of 1 by the Institute of Yue sales: ect of a panel by the Institute of | ! : ; Farm Brokers. L. Louis Gairaud, i ig Realty Service—2326 E.

San Jose, Cal. president of IFB, . : will be the moderator. Bruce Savage Co.—1914 Val-

: AE uA 3m bd ley Ave., McConnell & Clark repNAREB afliliate organizations D will have their annual business '®Sénted the buyer, 425-7 N. Colomeetings, elections of officers and 240 St., 6488 Park Ave. Gil Car-

other events of particular inter- ter represented seller.

est to their members. Ford Woods & Co.—3300 E. One feature is an. all-day trip So i Hill—4235 B sponsored by the Institute of Place . 0 oulevard

"F. C. Tucker Co.—5131 Washington -Blvd.; co-operating broker Evans-Bromert Co. R.

Curtis W. Doty Joins Knight Co.

E." Peckham—5706 Carvel

Ave, Newest member of the F. M., Driscoll Realty Co.—657 First Knight Realty Co. sales staff is Ave.

Curtis W. Doty, who justrrecently completed a real estate course and passed the state’ examina-| tion to obtain‘a/20 in Woodside Addition. broker's license. Knight Realty Co. For the past Evanston Ave. 3526 N. p* five years, Mr. St. . Doty has been| Gerdenich Co0.—3110 W. 61st associated with St. . jt the Western and] Norman Hammer—6237 CritSouthern Insur-tenden Ave. ance Co. He now American Estates—202 W. 73d Joins a firm St, tract 2 Williams Creek Hills, which. has spe- 611 E. 30th Sty, 5125 N. Penncialized in North sylvania St., 4053 Ruckle St., 6165 and East Side N. Delaware St. tracts 5 and 6 subdivision and residential prop- Williams Creek Hills, Co-operat-erty for the past 32 years. ing broker Gregory & Appel, 3546 The Knight Company is now N. Wallace St, 41 W. 524 St. developing new homes at 96th St. 1427 W. 524 St. and College Ave. and next spring — will offer a new development, Northridge Addition, a half mile north of 96th St. between College Ave. and Pennsylvania _ St.

Butterworth & Co—9005 Braeside Drive, co-operating broker American Estates.

5132 Denny

Mr. Doty

Architects Group Elects New Officers

New ‘officers were elected this lweek by the Architects of Indianapolis at the Construction

Mrs. Tezzis Takes

Personnel Post League.

Mrs. Frances Helen Tezzis has Edward E. Simmons was been named personnel. director elected president and Alfred J. of both Industrial Catering Co. Porteous, secretary-treasurer. and the Industrial Catering Serv- They succeed Arthur Wupper and ice, President Merrill K. Cohen Orval E. Wilkensen, respectively. announced this week. Committees of the orgafiization Mrs. Tezzis formerly served as Will be appointed later, Mr. Simoperations manager for the cat- mons announced. The group is ering company and earlier head- affiliated with the Indiana Society ed the catering service of thelof Architects and the American Riviera Club. Institute of Architects,

was sold recently by Realtor Joe Berger to S. C. Kahn. The h two car garage, a birch panelled den and automatic oil heat.

{

Uptown Realty Co—Lots 19 and |

ARDEN ADDITION—Built by Sidney Gernstein, this spacious ranch hom

WwW Builders Oppose

Plans, Ask U. S.

Cut Red Tape

Controversial public housing, after looming on the Indianapolis horizon for several years like an ominous storm

cloud, this week will make {ts first big play. The move will come tomorrow in the dreary chambers of the

city Plan Commission as the Housing Authority seeks approval of their proposed site at Dawson and LeGrande Sts. Part of the area is now zoned for light in-

“dustry. It must “be thanged fo

residential before they can build. But public housing, or low cost rental housing as they prefer: to call it, has a program which ex tends much farther than DawsonLeGrande site: - :

Here Are Sites

They plan at least 1500 low rental units for the city and have selected five sites on which to locate ‘these developments. They are: y : EAST—The area, bounded by Southeastern, © Keystone Aves, Harlan St. and the Pennsylvania Railroad, For this area 474 low rental units are planned. SOUTH—The area bounded by State, LeGrande and Dawson Sts. and the Belt Railroad. Here, 138 units are’ planned. . NORTH—The area bounded by Temple and Hillside "Aves. and Rural -and 25th Sts, Here, 334 units have been planned. i SECONDARY SITES — Also north, the area bounded by Ralston Ave., 30th and Orchard Sts., extending north along Orchard St. to about 32d St. And a large tract south of the city located along Sumner Ave, between Meridian St. and the Holy Cross Cemetery. . : | The LeGrande-Dawson project 'is under heavy fire from neighborhood residents who have a | four-point basis of objection: | ONE—Remonstrators insist tpublic housing will reduce prop|erty values in the area. TWO—The project would bring la “horde” of grade-school age |children resulting in over-crowd-{ing of schools. | THREE — Home owners are 'suspicious of what group of people will live in the project, | suspect neighborhood friction might be high.

How to develop listings and find] Twenty-nine sales reported this! FOUR—Neighbors want a park buyers for factory properties will week. by the Associated North on the housing site, declare it be covered at the industrial real/Side Realtors were valued at a

urgently needéd.” Housing Authority spokesman janswer that permanent-type {housing probably will increase rather than decrease property (values. They admit ‘‘temporary” housing would trim values. | The school in that area, says {the authority, ‘is one of the less- | crowded in the city, could take

| more pupils.

| The project would be rented {to tenants on a plan which

[would maintain the “continuity of residents,” says authority spokesmen.

The park. pled is answered two ways. The authority intends to construct play areas on the site and has agreed to ask for a Park Department playground after decision by the remonstrators on. what kind of park is desired. The 188tie Will" he up tomorrow before the City Plan Commission which must act before the City Council, with final a thority in this case, can act. The zoning change is being requested in an amendment to city zoning laws rather than by variance before the Zoning Board. -

To Build Low Rentals

“We don't like being referred to as a disease,” said Donald Hanson, director of the Housing Authority. “We aren't interested in building any defense housing, or temporary units such as were built for veterans at Tyndall Town,” Mr. Hanson added.

“It is our intention to build only substantial permanent low rental housing into which we

hope to be able to relocate many of the veterans now living in temporary shelters in the city. We hope to accomplish this by 1953,” he said.

There are now some 738% temporary veteran homes at four sites in this area. Structures considered for ‘the

LeGrande-Dawson site will be of brick veneer and wood siding con

® struction with plaster walls and

concrete slab foundations. Esti-

Continued on Page 40—Col. 8

6954 Central Ave. ome features two baths, an attached

e at