Indianapolis Times, Indianapolis, Marion County, 4 November 1951 — Page 43

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SUNDAY, NOVEMBER 4, 1951

ies Bicker Over

Today +B

Trum Saps

THERE'S A WISP of doubt in the air.

are wondering whether it cloudburst. * 1 fanned the forest of smc

for signs of trouble. I found nothing except words, and a little fear. But except for the canning industry, clothing and

toys, jobs were strong. Forecasts stronger, 5 » ”

I AM NOT SURE now accyrate employment forecasts are. Those who have orders on the way, hike the figure of anticipated employment a little. And those who have lay-offs on the way hate to tell it for fear their help will quit ahead of time. What I did find that almost no one felt sure about prosperity, that it will stay. They agreed alprost to the man that it is as phony as a dime store diamond. And some felt the gilded treasury carpet on which we strut is getting a little slippery. » - ® EUGENE G. GRACE, chalrman of Bethlehem Steél, talked openly last week about “an over-supply of steel.” And at the same time the unions are talking openly, and vigorously, about higher wages, These two ideas do not fit. The real leak in seldom mentioned. It is the amount of money the government is taking from the people, and what it is giving back. Roughly the government jects and distributes 16 per cent

the boat is

col-

ddout of the entire national income

Yet the government manufactures nothing. = » » THIS IS “the pipeline from the Treasury to the voter” as the

* Guaranty Trust Co. of New York & puts it.

This had made the government _the world's biggest customer, and businessmen are wangling orders through the five per‘centers, anything to get on the band wagon And political morals show up purple, tattered at the edges. x » ~ ONE BUSINESSMAN said, “When we tithe, we give the Lord ten per cent” But the Lord isn't doing very well in America. Mr Truman gets from 20 to 90 per

cent of our pay.” And that may sum it up. The Lord isn't doing very well in America,

Chicken War

THE FEATHERS are just settiing out of the air. But there's been a clawing, pecking, scratching chicken war on. It began a few weeks ago. Indiana chickens were bringing 46 cents wholesale, Then them “foreigners” from Alabama and, Georgia staged an invasion They set their chickens down at 41 cents, And right away, Hoosier chickens hit the skids. They sold at 41 cents or not at all. ” ” » THESE are the fryers.” They're due for a drop anyway. Holidays mean roasting fowl And the farmers have wised up to that. They time fryers now to miss the

Hear Harold Hartley with today on WISH at 8 p. m.

IT'S A BUICK—But you won'

_ Convertible," called the XP-300. And C. E. Wilson, GM presi. 1951, FHA insured heme loans dent, and Mrs. Wilson are aboard. Beside stands the dreamer2 of tomorrow's travel; GM's engineering: vice president,

BRIAR HILL SANDSTONE—The home of home builder Fred Palmer.

It's a Dream—

USINESS When 2 Builder Tithing! Bulls a House, For Himself . . .

This is a story of a dream home —but not just any old dream: For this house represents the dreams of a man who has been A few already building homes for other people . for the past 46 years, The Dean -of Indianapolis Home Builders that's what they call lanky, white-thatched Fred Palmer. And he's just that. Thousands of Indianapolis and arion County families now live

an Payrolls

Harold Hartley

will - become a cloud, or a

ykestacks like a hunter looking

turkey or chicken-and-dressing 5,

Beason. nT " in homes which poured off his 0 e 8 Vv Vv : You can still buy barnyard penei) and first took shape on his chickens. But smart cooks don't. drawing board They're tough. “That comes, 5

Mrs, Palmer, Too But there's a good deal of Mrs. Palmer in ths Palmer home, too. 2 2 =n . “We knew prettv well what we EGGS ARE COMING down. wanted. I designed the home and They've got to. They've been fid- let Mrs. Palmer have her way

: about the inside,” 'M dling with the November egg aon: ited e inside ir. Palmer

market up in Chicago, and that ‘we had decided that it would

said one wholesaler, ‘from their running all over the place, and eating too many grasshoppers.”

means egg prices soon will be definitely be a ranch type, but it spattered all over the place. had to sidestep the shortcomings

A few stores were asking 89 of this design,” he said. cents for the jumbos last week. The Palmers wanted the living But that won't last. Reason—too room off at one end of the home many eggs and separated from the dining room by a central entry hall. A

In the Grease long hallway runs through the

. ~ Control Units Give Four. sy Ideas on

# PY AL Da Te LW

working on the housing shortage you can get just that many ‘government answers as to how many h 'to be built in 1952. I~

of the Defense Production Agency Materials, takes a different view

could tell ered there that shortage of bath-

tubs may . and Raymond M. Foley of the terials to build about 700,000 Housing and Home Finance dwellings. Agency tell the same meeting Nevertheless, DPA has gone -

they are going full speed ahead ahead and authorized first quarter

as Indianapolis.

Small House Plan ciierastany 60

PAGE 43

ec : v

® » . ’ Building in '52 By DAN KIDNEY

Times Washington Bureau

WASHINGTON, Nov. 3—With four groups of planners

omes can be expected

That is why Manly Fleischman charged with rationing building houting officials gath- It is. based on the possibility of bathtub and other shortages. They curtail home building think that there will only be ma-

n all critical defense areas, such Use of materials tc fulfill the

FHHA 850,000 figure,

The whole deal sounds like the blind men and the elephant, each agency involved having a different view of the matter. Here is the way it shapes up: Congress gave general dominion over the nation’s housing affairs to Mr. Foley's agency. FHHA is anxious to relieve housing shortages. It wants to get as many houses built as it possibly can, with preference in programming now going to defense areas. Planners there estimate about 925.000 dwellings will be needed next year, but thev would settle for 850,000 under the present cir-| cumstances. i Mr. Fleishman's DPA, JFoion is

dT)

The Man Who Knows— ; l Housing Dollar Goes Farthest

By DON TEVERBAUGH Times Real Estate Fditer

HER™'S SOMETHING for the Doubting Thomases to

‘chew on. Your housing dollar today will buy many cases more, than any consumer dollar. , And this comes from the man ¥ who knows—the professional real ‘estate appraiser. The full picture 'is painted in the October issue of The Appraisal Journal. | Briefly, this is what it means: { Your pre-war building doilar

as much and in

Electrical .. Miscellaneous ....ecseevsae

seer assess .

4.61

Builder's Cost ........+.xs 70.00 Overhead and Profit ...... 12.00 Design. Sales Cost, Real

Estate Taxes, etc. vc.vv.s 5.40

; es ., center of the rancho immediately ° : {1941) is now worth 49 cents. THIS > LE THROW you, It did behind the dining room, connect- - F. hog This sounds discouraging. But LANG ccssrsnnrrsrcrssnnnes 12.60 me. Right inlo the grease. ing both bedrooms, the two baths ’ a your steak dollar buys only 33 ice 100.00 That goo they shoot into the zn4 Mr. Pal : : . : - Sales Price 100.00 joints of vour Bhd Ms. Palmers den, THE WATER WHEEL—Mr. Palmer watches his handiwork cents worth of meat; the house jor ate | Wife Decorated Home . d 4 4 . ; i ‘furnishings dollar is 47 cents; At Long Last It's got some- | Mrs. Palmer has tastefully 5° ound and round. : across-the-board-food dollar, 47 ; 5B S A Ramps ees - cents: the coffee dollar a mere 30 Big insurance brains are map-

{decorated the interior of the home|

thing added. You with many innovations of her]

cant see it, but

it's there. own. An amateur artist, she has! "And look at used several of “her large oil what they add. paintings and miniatures to spice

the rich colors of the decorative theme. The kitchen, designed by Mrs

Oxydizing inhibitors. Detergents. Four - point = depressents. Vis-

A 10-point program requesting

amount of ‘built-in cabinet space tion and housing credit controls

SY Index me Mer. Kine and has an attractive breakfast as rapidly as possible, to allocate hibitors That last ope even nook in an airy corner of the a fair and Feasonable share of understood > room. controlled materials for building . Two Important features of the purposes and to encourage rapid .. B. 8 Palmer kitchen are the trap com- expansion of the production of

THAT'S WHY ANYONE con partment for milk delivery and critical metals has been approved rg¢ted with automobiles ought to the incinerator chute. To operate by the Board of Directors of the Wngle an invitation to hear Jack the latter it is onlv necessary to National Retail Lumber Dealers E. Kline, boss man of the engi light a piece of paper and drop it Association. neering-sales of lubricating oil ad {nto the chute/ The former fea. Ihe objective of the program is ditives (what else they put in) ture eliminates going outside on to maintain a reasonable ecofor Standard Oil of Indiana a..,q4 mornings to pick u the milk nomic stability and prevent any the Marrot Hotel Thursday night, delivery : p i “!further unnecessary drop in conOf course, the guys who wil Adjacent fo the kitchen Is a struction activities during the hear him will have the edge. They utility room complete with an mobilization period. { Iyde A. Ful0 : “Hiton, president, said

know enough of the language th automatic washer and clothes) The program reads as follows

tal along. SH be the In drier. This room also has a closet Eliminate all Unnecessary nonlana Society of Automotive and built-in wall cabinet. There gefe n-order—t Engineefs. ere defense expenditures in order to

He ae Slows inthe, Home control inflation and reduce. the e ouse is uilt of roughitax burden. Gowns to Match hewn Briar Hill sandstone which Distribute the tax burden PACKARD TODAY announced comes from a quarry close to Mv. equally over all branches of busiit's '52 models. But there's a new Palmer's birthplace in Ohio. ness and industry. twist “with» the Dorothy Draper Restore the basing point tie-in. “Ihe. sandstone ‘was a must as tem as a means of promoting a You can buy clothes to go with Who : 8 oy Al x po use free and even flow of goods. the interiors, These are made spe- i Has a much : : . x Continue to expand the produccially for Packard owners by Ruth 4 ich greater range of tion.of critical materials as rapidJovee “in Detroit. * color than limestone,” Mr. Palmer||y as possible. ' iu pointed out. -

SNF EEN ar. The site of the home is a pleas- . EVERYTHING P Homes Were Built

voning ; FROM flowing ant hillside in the Arden subning gowns to leather. jackets yivicion The hillside was another 10,000 Years Ago i z Mr. How long have we: been” build-

are available to the wives o Packard owneis to make vou look must for Mr. Palmer. ust right sitting in the car As a former landscaper, i h re in? t The ensembles sound like. the PMMer had great plans for hisiing vuges to live in? In the (ome-on. labels of perfumes heady. billside, Since the completion of United States, mast peagle Tegard sexy--a picku for some of the his Rome last year, Mr. Palmer 10 tanins ay Whe oldest ype of Sex, es kup » 8 TE er She has built. a terrace in his front house, although the Pilgrims built ! vard and graced it with lovely frame dwellings. The House of Packard Wheels. . rose bushes and Juniper. Seven Gables is still standing. In E , it is no ommon HERE THEY ARE. Hold on Outdoor Fountain to a Durope. nn ay “After Dark,” “Intrigue.” .‘Mati-| Mr. Palmer's real pride, how-are six or seven hundred Years nee,” “Stroke of Genius,” “Let's Ver, is his attractive fountain and! gq. : Dance” “Fashion-Plate’ and Water wheel which he designed! g,t now comes a Chicago “Poinsetta,” which Packard mis- 2nd built himself in his spare mo- scientist with a Geiger-type countspelled. ments. : er and analyges some birch wood It's “Poinsettia.” Look it up. ‘Our’ place isn't really a big taken from the remains of a home by present-day standards.panish house. His findihgs? That “The Human Side of Business” [But t's large enough for the tWo (he Danes were building houses of us and we havé a guest room aimost 10,000 years ago’ if we need it,” Mrs. Palmer said. \

Sandstone a Must Sys-

— Looks like building a house has

v Like all the homes Mr. Palmer peen a favorite activity of man-

a long t

builds even the smaler models kind for his own has marble sills and ——o aluminum windows, The living room features a luxurious brown Tennessee marble fireplace which nicely harmonizes with the decorations. The master bath is separated from the master bedroom by a| (dressing room which has a van{ity built right into one wall. The {bath features flamingo pink fix[tures and a square inset tub, In| lone wall is an electric heater, : | Mr. Palmer's den, panelled in|’ natural birch, is. where he de-| signs the floor plans of the new| {homes he builds. Standing au-| {gustly in one corner is a stately| ~ applewood grandfatlier's clock,! which has been in the |

ime,

[family for almost 200 years,

[FHA Volume Off

t buy for awhile. It's the "Dream | In the first six months of

(amounted to 13 per cent of all recorded mortgages. This is the lowest percentage of FHA loans in any half-year perfpd since 1947. - La

Realtor Herman

cents ping out a new policy for houses

Experts from two other agencies enter the act with two other opinions. : At the Economic Stabilization Administration they think that building more than 500.000 dwell« ings will be inflationary. They are more concerned with “stabilizing” the economy than get{ing houses built or materials rationed. The fourth view comes from the Office of Defense: Mobilization. which is charged with running the whole defense program. ODM is the bureaucratic parent of both ESA and DPA. An official there came up with an estimate. of 700,000. Early in 1951 the government economists were pretty well agreed that between 800,000 and 850,000 new dwellings would be started this year. Thus far the figure is 1,050.000 starts. So again the estimates might be dver-shost in 1952. ~ * Bathtub Shortage

DPA building materials men disliked taking the FHHA figure for the first quarter. They said that while, steel beams and pipe may be enough to start constrye{tion at the high rate, there may not be enough copper tubing and plumbing fixtures to finish on a normal schedule, . That was why Mr. Fleischman warned that some houses may go on the market minus bathtubs. There is quite general agreement /that quality of construction will decline. Galvanized pipe and gutters will be installde in many houses, instead of the longer- | lasting copper. | Officials predict that there will be faucets made of the dull ma- ! terials of World War II, instead ‘of shiny chrome. Concrete and wood may take the place of steel beams in some construction. | Stabilizer Erie Johnston wants only 500,000 hdmes built, even if there is plenty of material. He {thinks that lending money for homes is more inflationary now than to have the banks,

Lumber Dealers Ask Materials Plan Changes

Allocate to the construction in-

(Palmer, is large with an amazing the government to ease COnStruc- qustrv a fair and reasonable share

of the available supply of critical materials. Eliminate restrictions on use of materials in private construction as fast as the supply situation will permit. Maintain a federal fiscal policy

So the man who puts his dallar into a new home, or renovating an old house, is getting more for his money. =

= =

ANOTHER IMPORTANT factor is that about 16 per cent of the post-war home price tag repand benefit pro-

resents taxes grams which did not exist in 1941. Dollarwise, this means buy an $11900 home, you get

socked for $1860 and the $15.400

model costs you $2400 extra. '» xes alone add 14 per cent to

which will give real protection to, the guy buying one, as well asi to the banker who holds his’ mortgage. { The way the present policies,

\ building and loans and insurance companies putting their money into government bonds. : “1 4 Since Congress relaxed Regulation X on housing credit, Mr.

if you

home owner pays off his mortgage he is snowed under by costs of needed repairs for his home. The roof needs shingling, the heating plant wheezes, the back porch has developed a middleaged needs a face lifting. All his insurance money has

sag and the entire place!

WEST SIDE—This attractive lite home at | was bought by Mrs. Hazel Haig from Mrs. Lorena Ray through Greenwood. The home includes three, rooms with knotty pine walls and automatic gas heat.

done is protect the banker's interest in the home and he ends up-with a 20-year-old house. But with the new policy all this

the sales price. Here's the way an average building dollar gets split up: Per cent-of sales price—$11,300.

which will make available an ample supply of mortgage money. Relax credit restrictions as fast as increased production will per-

mit. EXCAVALION «vicrocsireres . 009% is changed. The policy calls for Retain the principle of flexible: Masonry ...veesesvcscenas . 12.11 expert professional inspections to pricing at the retail level which Carpentry ...... thers reren 29.00 be followed by maintenance. This permits traditional mark-ups aver Plastering ..... cesesessess 4.42/could be obtained at low cost Apply wage controls equitably Plumbing ....... titsssess T1085 through the organization of small to all branches of industry, Heating ......000.000000.4 8.28 contractors who would have the landed cost of goods. Painting ...sccsescsssansa . 269 advantage of steady work. Ranch H Open to Visitors Today « 3 *

ivr

FORE a h

od R 3 N 5

OPEN TODAY—This roomy rancho at 64th St. | and 5 p. m, Here's your chance to inspect

a roomy, three-bedroom ranchtvpe Northwest suburban home

only 20 minutes from downtown Indianapolis.

and Road 42! is open for inspection between

ship school district and receives city mail service. Hot air oil heat in a counterflow system-—the very latest in home heating plants—is included in this home.

just a half mile south of Augusta Corners. It sells for $18,500. The home is built of old growth red Douglas fir shipped here by the West Coast Mills, Builder jis 0. D. Patrick. Handling the sale

on Horie edit HG vie a soars St. 2 Hall, former president Of the local representative of the West

merly Road 29), the home lies Coast Mills.

Marion County’ Residential Build-

work out, just about the time the} y hnston's views are i down

las though they had been out{lawed. And ODM says that hold{ing new building down too low would cause even greater. inflationary rises in rents and prices. The one point of agreement by all planners is that the demand for homes will continue to be heavy.

Buyers’ Market In Real Estate

The real estate market today is a sound buyers’ market. Realtor James Minton of Minton As- | sociates reported this week. “Home buyers today are very prudent. They are not buying unitil they find exactly what they want—and then the price has to be right,” Mr. Minton said. Minton Associates at present are handling the Bonham Place addition where the Bruce-Zeager Construction Co. plans 102 suburban homes which range" from $17.500 to $29,700. About 25 such homes will be completed this vear, the rest in 1952. “Prices on homes are going to #go up in the spring,” Mr. Minton warned. “The new taxes will cause the boost, “For example, the kitchen exhaust fan is going to cost $2.70 more because of the new tax," he indicated. “Just how deep these new taxes will bite into home building cannot be determined yet.” But prospective home buyers

have little to gain by waiting, he added. : ’

ven sn $3.

Banker Chosen

Mortgage banker H. Duff Vilm has been named to the Member: ship committee of the Mortgage Bankers of America, it was announced this week by the group

ers. Included in the open house are a large living room with fireplace, three bedrooms, 1'; baths, a dining room with adjacent outside terrace, and a roomy Kitchen with a sliding door storage cabinet. The kitchen is large enough to! eat in comfortably. : The home will be held open| today between 1 and 5 p. m.

One bedroom is papered, the ‘others are painted. The bath is decorated in maroon and peach] wall tiles and includes a built-in! tub, medicine cabinet and fluorescent lighting. | “The lot, 200 by 300 feet, is! {fully landscaped, graded and) | seeded. Two planting baxes : are | built-in oh the front porch. Designed by one of the nan] {tion's most famous small home {afchitects, Wally Wollander, the {home is—-decordted by his color, schemes. | The neighborhood is near regular bus service to and from Indianapolis, located in Pike Townye 4

2X *

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433 W. 43d St.