Indianapolis Times, Indianapolis, Marion County, 13 January 1952 — Page 37

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~~ Section Four

Real Estate

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The Indianapolis Times

SECOND PRIZE—Designed by Ariston N. Napkil, Cranbrook Academy, Detroit.

foptle,

4 Today »Business : Inflating Horsepower

By Harold Hartley

DETROIT, Jan. 12—Thi punch is having a little chill.

It looks mighty like a prosperity hangover. Jobs hav

thinned out, and everybody's I look down from my hotel] window and parking lots are filled | with shining new cars which means nearly everyone who could buy has latched onto a post-war model. The unions are fighting with the auto makers for moving their plants out of town. And the companies are fighting with the government over the cutback, first in production, then in materials. The truth is that some of the auto makers have been playing the same model as long as the public will buy.

Like ‘Abie’s Rose’

So some of the auto makers

have hung onto their old models, -

with a little “makeup” in.ghrome' and ornaments each year. Some of the models, like “Abie’s Irish Rose,” just came and stayed. But they are beginning to do things, but most of what I can tell you still lies in the half-light of gossip. : The automatic clutch war is still on. And the I-got-it-straight guys say Chrysler is coming out soon with an electro-magnetic shift, and that Plymouth may still have a gearshift lever a year from now. It's hydra-matic against - Dynaflo and its little brother, Powerglide, plus Pack-’ ard’s Ultra-Matic and Fordomatic. But hydramatic has signed up Kaiser-Frazer, Hudson and Nash, and is expanding its plant 25 per cent,

| Horsepower. Desby Next is the sudden interest In big horsepower. Chrysler's Crown Imperial with 180 horses under the hood tipped the boat. Then Packard bounced out with a shout about 160, I think, and Ford moved its Lincoln up to 160 Now the big whisper is that Cadillac is going to ‘stop shillyshallying and¢ay 190 horsepower on the line, and more if competitors want to keep on raising the ante. . And T hear that the DeSoto’s will have their new V-8 overhead valve engine moving out to dealers in February.

Tin Soldiers-

One idea nobody can steal from| anybody else up here, because everybody's doing it, is the short piston and the dome firing cham-! ber. That makes high compres-| sion, and on regular gas. Right down through’ the industry they are. lining up like tin soldiers behind this one. They found out how to get more miles per gallon without bleeding the owner for high ogtane prices. The whole industry has sort of leveled out, and seems to know where it is going. Unless I miss my guess the companies with - the- most crew cut double-degreed scientists on heir research staffs are going to wind up with the sales marbles. It you think cars are ‘as good as they can be you should have heard Andy Kucher, science boss of Ford's $50 million research layout.

Daffodils in Fish

I'l never forget him, his straight, somber words, in the new research cafeteria, done in a dozen shades of brown and green,

ing in the backs of futuristic]

New ldeas In Hoosier's - Prize Home

Winners of the Architectural | Competition of the annual: Home Show were announced this week with an Indianapolis architect {selected for third place. He is John Jelliffe of the firm of Lennox & Matthews & Asso-

X

| Fourth Prize Design on Page 39

s big town with the piston ciates, who was one of the architects of the recently completed e Lawrence Branch of tha Peoples |State Bank at 38th St. and Pen{dleton Pike. » —! First and second prizes were He sald science is not searching awarded to two Cranbrook Acadfor things to do, but finding ways emy of Art students—Sewell J, to discover nature's secrets and Mathre and Ariston N. Napkil. then apply them to men's needs. “The Academy, a post-graduate school, was, further honored b Shortcut to Sun the Home Show judges, as ro Whenever they slip a tight other students were named for working harness on that remark-| honorable mentions — David J. able little particle of nature, the Jacob and Franklin D. Lawyer. electron, he said, the world will Raised Eyebrows change in many ways. “This is a house of new ideas,” And he said the trick is to one of the judges commented. recapture the energy from the “They are new enough to raise sun without going through all of Hoosier eyebrows, but this is the i the fantastic atom-busting rig- house of the future.” | amarole, Mr. Mathre, a quiet, soft-spoken As‘ Mr. Kettering put it, just/young man told how he designed take a short cut and get power|the home Friday afternoon at a directly from the sun's rays, {luncheon for the Home Show ; And then, I think, we can all judges. ay in bed until 10 a. m. and] It is designed aro knock off work at 2. {kitchen, he en And a ey Sounds all right to me. How is so situated” in the floor plan does it sound to you? {that the housewife is seldom

Sweet and Loewy |isolated from the rest of her from Indianapolis.

blaming everybody else.

SUNDAY, JANUARY 13, 1952.

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PAGE 37 Classified .:...

An THIRD PRIZE—Home

WINNER—Designer of the prize-winning home for the 1952 Home Show, Sewell J. Mathre, a Detroit student (seated center), explains his house plan to (left to ight) Lloyd V. Moser, a contest judge; John Jelliffe, third place winner, and Frank Cantwell, Home S

rs

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3 A TE Sr Tete R.- Bren oy RR TAS ARRerey.e VA Iav ad Tm i ped WARK A

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town talent, John Jelliffe of Lennox & Matthews & Associates architects, 144 E. 38th ST,

i Hurt, Board Plan Policy For The Year

President James W. Hurt ahd his beard of directors rolled up the sleeves of the Indianapolis Real Estate Board ‘this week and prepared for an active year of participation

\in local affairs. | At a dinner meeting Tuésday|—~—————— ts ome t—t [night at the Athletic Club Mr.| ASSOCIATE DAY—Mendel O, [Hurt and the directors hashed out|McCarty, chairman; John Parry,

|chairmen, vice chairmen and| vice chairman, ; {members of 34 committees and! CIVIC PARTICIPA TION

sub-committees. {GROUP — Paul Starrett, general | As Mr. Hurt promised in an chairman. _ - larticle in The Times Dec. 23,| TAX ASSESSMENT — L. D, {the Real Estate Board is going Mazur, chairman; John W, Rob[to contribute all it can to civic erts, vice chairman. affairs and future city planning. | LEGISLATIVE ~— Albert BE, |And to assure the success of this, Thompson, chairman; Leo F, |program of participation the new| Welch, vice chairman. |president and the directors ap-| SCHOOLS, PARKS AND

pointed the following realtors as PLAYGROUNDS — Fred C, |heads of committees: Tucker Jr., chairman; Cliff Krab-

| POLICY—Paul McCord, chair- benhoft, vice chairman. ¥ | man. ZONING AND PLANNING —

1 EE «_ |Warren M. Atkinson, chairman; EXECUTIVE—George H. Dirks, | ’ : | William H. Keller and A. C. Joseph H. Argus dr. vice chair. |Moldthan (no chairman). rT ITIES — R. BE. Peckham APPRAISAL—C. O. Grinslade,| chairman; Frank H. Cox, vice {Firman ‘C. Sims, R. A. Franks, hairman |Chester F. Bailey, Tom Keller, nowNTOWN COMMITTEE —

T. Lorin Driscoll, Willlam E.; 1 pewis, chairman; Richard Niven and Fred Tucker Jr. (nop Hoberg, vice chairman.

ow director. Mr. Jeliffe is

{family as she cooks the meals.

A DINETTE SET is just that] And the judges liked the until Raymond Loewy takes a kitchen also. So will you when| hand. Then it assumes reason,'you see it, they believe. makes sense, { A Flat Roof |= I ran across a display of the| The strangest thing to the| | new dinette sets of Arvin Products Hoosler landscape, perhaps, willls Corp. down In Columbus, Ind.'be the house’s flat roof. But the And Glen W, (Tommy) Thomp-iflat roof has definitely arrived in son, president, had given it alother parts of the nation and touch of magic. with the steadily climbing price He had turned over Arvin'siof building, the pure economy of chrome, pressed steel and plasticithe style looks like a sure bet set to the designer who makes all here soon.

6 Mi Hom

Real Estate—

llionth e Here?

things new. Mr. Loewy first gave] the table and chairs that kitchen| a gingha Walt Veon Co. 1951 Volume

look, with a ginghamy covering. But there was more.

Times THE SIX MILLIONT

on ” on THE COVERING wasn't or-

i | County dinary gingham. A close look] ; A ’ showed it had half-tone checker Double 1950 | period. blocks, the size of the head of | Walt Veon (o., Rea itors |

pencil, mixed with the solids in|clocked up more than $2 wailiion started 3767 homes, according to! red and black. {worth "of sales during 1951. g1John Bauer, president of the Then he did something to the jump of about 50 per cent “over Marion County Residential Build-| foam rubber chairs. Their backs|1950 and a new record volume e's: move when you move. The chairsfor the firm, Mr. Veon says. This means that home building POX you, 0a you Sony) _But to make things better, Mr. here during the past year was Ry yh Iie . Veon comments on the quick up-|only about 11 per cent.off the| ARVIN SELLS through Sal-|the first of the new year. ‘home building dropped off about manson & Co., who got Arvin ‘I thought at first that we 22 per cent during 195]. into the metal lawn furniture{Were unusually ' busy because| But hopes to build another business. {many other brokers had reduced|850,000 homes during 1952 were| In six months Salmanson had their advertising over the holiday doused with cold water this week | sold two million lawn chairs for Period while we continued our|as the National Production Au-| Arvin which also gives Arvin a full ad program—but the accel- | thority announced {intentions of] steady outlet for a half million erated pace of business is still cutting steel allotments to buildperforated ironing boards a year. here. ers during the second quarter. I think of Arvin as electronics, “It leads me to- believe that a av i TV and radio, but this fast-mov-|1952 is going to be another very DOWntown Action ing company is far bigger than active year,” Mr. Veon said. | that. And it's making a big dent] The firm staff includes John| in the metal furniture field. Sanders, Maurice R. Davis, Bill]

oi 3-4 2. McCord, Wayne Dunifon, Bob!cnai 3 BUT THOSE new dining T00n{ryusnam. Bob Sturm. Eskell Nor-loo7rman. L. H, Lewis named

chairs will never make a dent in| y two committees to look into a your back. They're kind.to your dell, Morey Doyle and Mr, Veon. pair of pertinent problems.

spine, and hug-you snug, no mat- Selected to investigate new Bankers Hear

ter how you sit. problems caused by the city's {H y Raymond Foley [Howard Fieter.

And that alone, ought to make program of one-way streets were: Charles B. Forrest, Henley T. Top officials of the federal hous-

ham and eggs taste better. chairman, . & , The Kitchen ‘Waltz’ Hottel, R. E. Hueber and Frank ing agencies and the Federal Re- E. Gates. serve System will be guest spéak-

GET OUT a yardstick. You can Checking into the inequalities

have fun today, just finding out how far your kitchen Is out of ers at the Washington Conference of the present 33 per cent tax , red f the Mortgage Bankers Associa- assessment law will be: Charles Chic + 1 WD Bea ed, a et tor tion of America tomorrow and Mason, chairman, Willlam E. Hotpoint. He's a young bespec- Tuesday. Niven, Wallace C. Tomy, Arnold tacled fellow: as.confident and re-| ,, Speakers include Raymond M. J. Davis, Les P. Hargon and Wilassuring as they come. | Foley, Federal Housing and Home| liam H. Keller Jr. He said your kitchen is really a Finance chief; Franklin D. Rich Mak dance floor. in miniature, for the|3rds, commissioner of the Federal Wré@ze Makers n Housing Adminiiation, and GUY| wESTINGHOUSE hus come un : Tem. 4. v with 10 new fan models, among

housewife. And she goes throug a kind of a three-cornered waltz But the credit regulations of the Federal nh Reserve System.

while preparing meals, “waltz” can be tiring, and muc too long.

” on ” THAT IS where your yardstick

Dean to Speak

Prof. Frank Montana, dean of window exhaust fan or used in-|

|partment, will be the guest speak-/it out of its panel. This unit will

By DON TEVERBAUGH al Estate Editor

HOME to be built since V-J! {Day was started this week—perhaps right here in Marion!;ecord will be unv where builders have erected 25,048 during that day at the Annual Convention and/and will have jurisdiction over

During 1951 builders here the unattractive 4 per cent mortg-!

ages into the Federal Home Loan Banks, with an agreement to sell them back to the originating lender at a later time—when they're more attractive. Federal Home Loan Banks are government supervised, but owned

{surge of real estate activity since record year of 1950. Nationally, by savings and loan associations | : the || whims of Congress or federal|in the Conrad Hilton and Con-|chairman.

(gress Hotels.

and not dependent upon

bureaus, as is FNMA, Mortgage Mirage

From August 1950 to November 1951 -the supply of mortgage money: fell off 26.2 per cent as a national average, according to leading economists.

We were lucky here in Indiana

THE DOWNTOWN Committee|—all four major Hoosier cities| different products will be shown was off and running at its first, were under the national average manv of them for the first time {meeting of the year this week.| of decline: Ft. Wayne got hit| . : :

hardest, slipping off 26 per cent; Gary came next with a drop of 24 per cent; Indianapolis next. with 18.6 per cent and South Bend with 18.2 per cent. Only three cities in the nation showed an increase in mortgage activities during 1951—Ft. Worth,

Tex., up ‘7.9 per cent; Tucson, Ariz.,, up 7.5 per cent, and New Bedford, Mass.. up 2.9 per cent. Oklahoma City and Fresno,

Cal, were hardest hit in the nation with drops of 40.8 and 38.9 per cent respectively.

Contractors Plan Meeting

Hundreds of contractors from controls and improved construc-/chairman. ‘em is a 16-inch combination win-| 4) sectors of the nation are ex-|/tion methods. dow ventilator and portable fan. ne ted to attend the 1952 conven-| Another doubles as a coffee table. tion and show of the Mason Con- held Jan. 20-24, inclusive. . One model may be used as a tractors’ Association of America, | wo : : mrp | 24 at the Palmer House § with little beds of daffodils grow-| gontinued on Page 39—Col. 5 the Notre Dame architectual de- dependently, merely by snapping|in Chicago. Bh |

Inc., Feb.

|expected to visit the gigantic HOME SHOW -- William 8.| CRE i rt building exposition where 200{Ankenbrock, chairman; Guy| now under six manufacturers will show the latest Whiteside, vice chairman. | mayors three

[tion director Paul S. Van Auken|chairman. |of Chicago, builders will see every-| {thing from concrete forms for| Tomy, chairman; Paul Pike, vice

chairman). ; | MORTGAGE LOAN — T. N, ARBITRATION AND ETHICS Meredith, chairman, Norman A, ~Joseph H. Argus, - chairman;/Cox, vice chairman. |Fred T. Davenport, vice chair HAM 'N EGG BREAKFAST—

Lots of New

‘ | man, : Robert” Butterworth, - chairman; ateria S$ ATTENDANCE — Ethel Bro- C, Scott Padget, vice chairman, jmert, chairman; Anna Evans, and Earl B. Teckemeyer, moder-

vice chairman, ator. i PROGRAM—Robert E, Walker, | a. a chairman; Carl G. Seytter, vice gwe of Je chairman. City Building MEMBERSHIP-—Dave Woods,|

At Meeting

{ (Note: Don Teverbaugh,

| Times Real Estate Editor, will : icc | cover the som awtica lor Times [isibman; James W. Minton, vice Commissioner | readers.) STANDARDS OF PRACTICE [§ Honored

—~Walter Evans, chairman; Joseph J. Argus Sr., vicechairman.| EDUCATION —B. W. Duck Jr.| eiled next Sun-jwas named general chairman

The largest display of building materials and home equipment on| |

Charley Bacon, the man in the City Hall with the big cigar and bigger grin, was. honored last week by the Construction League for his outstanding service record as city Building Commissioner. Recently reappointed as coms missioner by incoming Mayor

| Exposition of the National Asso-/four sub-committees, including ciation of Home Builders in Chi-'the Real Estate Class Commitcago, {tee, of which he is also chair-| More than 17,000 home builders man. | and others from the industry, in| SECRETARIES’ SEMINAR— cluding 100 from Indianapolis, are Wayne Wiffing, chairman,

products for the home. The show

REALTOR USE — Joe Goode, will fill a¥ available exhibit space

chairman; W. Dudley Pratt, en Democrats and

three Republie cans. : At the testi. monial luncheon were 21 building ¢ o mm issioners from across the state. President of their group, H. E. Fisher, coms missionef at Elkhart, presented Mr. Bacon with a scroll indicate ‘ing life membership in the State Building Official Association. George Caleb Wright, president of the Construction IL.eague, presented Mr. Bacon with a desk pen set on behalf of the League, Mr. Bacon is a national director of the Building vufficials Conference of America and a member of the Administrative Bullding Council of Indiana.

BUDGET — Louis S. Hensley, | § According to convention-exposi-|chairman; Norman Metzer, vice

Mr. Bacon

ADMISSIONS -—- Wallace C.

(the basement to the raincap on|chairman. ; : {the chimney and all the products| COMMISSIONS AND FEES—

lin between, including the latest Forrest L. Welch, chairman; Har|appliances. old > chairman. te Ap mina JONSTITUTION AND BYAn exciting array of over 700, Jwe (ar) G.. Seytter, chair''man; Edward Bpringer vice chairman. { Hampered by rising costs and| FQRMS—E. J. Nicolai, chairrestrictions on critical materials, man: Noble W. Hiatt: vice chair|builders are expected to show|man. : special interest in time and ma-| CONVENTION -— Eorrest M.

terfal saving methods and in the gpjght,. chairman; Hugh Bremuse of alternate materials. Mr. marman, vice chai man

Van Auken sald manufacturers WELFARE — Joseph A. Carr will show scores of new products chairman; Thomas F. Carson, designed to help overcome these ice chairman : ' problems, ANNUAL. BANQUET—Fred T. Building material supplies will Hill, chairman; Robert E. Houk

|

Illinois St. Property

Is Transferred

Fieber & Reilly represented

also be a priority topic during vice chairman and Joseph H. both buvers and seller in a $55, many convention sessions, Mr. Argus Jr, installation officer, 000 transaction this week which Van Auken said. GOLF — Leon Sullivan, chair- i ansferred three business propIn speeches, panel discussions man; John Walace, vice chair- erty buildings, including the

and actual demonstrations, hous- man. ing researchers, technical, experts,| ¥ARM DAY — John D. Case, leading builders and government| chairman; George A. Miller, vice | spokesmen will cover the latest chairman. Nick Zoumas. {developments affetting material| STAG OUTING—Albert Paetz,] Mr, Economedes and Mr. Zoue { supplies, including government chairman; Glen R. Burtt, vice mas are proprietors of the tape room. ! : James Farrar of Fieber & Reilly represented Mrs. Elam in the transaction. :

American Bar, at 208-10-12 8, Illinois St. from Mrs. Harvey L. Elam to James Economedes and

HALLOWE'EN PARTY— is Lewis A, Haynes, chairman; Helen L. Hirt; vice chairman.

The Convention-Exposition

| 4

, 2 fiver

ivory fish.

He

spo

And the stage wore panties, beige with ruffles.

Hear Harold Hartley with “The Human Side of Business” |Athletic Club for the Producers’ air per minute.

The convention this year has two main purposes: first, to outThat's enough air to supply a| line recent government regula-

ler at 6:30 p. m. tomorrow at the exhaust up to 1260 cubic feet of

|Council’s first dinner of 1952.

Ni

%OpEN HOUSE—Open for oom brick veneer home built by Fred Pal diftoned Home" for it includes the latest lig

hols

ke like a true scientist." on WISH at 3 p. m. today.

~— |10x13-foot room every minute, ,.on8 and. construction controls,

{and second, to focus attention on End of the Boom

{daily operating cost and supply lof critical materials. EASY MORTGAGE money Edward P. Morgan, director of springs dried up quickly when the enforcement, OPS, will be there Federal National Mortgage Asso-| to clarify OPS regulations on the ciation ended their precommit-| construction industry. | ments on loans. This first came! eres — .

in the spring of 1950. Since that ; , ltime FNMA has been in and out John D. Phelan Takes Alumni Post

with its credit grease guns. The. fluctuation has left. the : on mortgage banker shell-shocked. .John D. Phelan, vice president He's suffering from war-Yatigue. of the American Statés Insurance - _L_ Because of this unstablé market Co.,.has been named 1952 Carlefor mortgages, the brokers are ton College alumni representahesitant about_ picking up the.tive in Indiana for the Baker |4 per cent GI loans. . 2 Trust scholarships. Za

1

public inspection today. at 3738 Arthington Blvd. is this attractive

.

at 3738 this at i CANTER RY—Built of brown sandstone Yopasr this contemg " Niroobode homie “and pricesat $14,800. They call it he "Light Con. warenotse, © IE enn Enos Sonatas. 1134 E. 56th St. designed by Architect John Jelifi, was but and sald by fhe Pits Roalty Gor The Fur, Vifing hours ara 39pm | The idea is temporarily to dump ahip candidate. RE Sehr new owner is James Eons iL ih wid 5 : Pe R Ca, The. o

| ‘They've got to the point now Mr. Phelan was graduated (Where they're considering setting from Carleton magna cum laude |

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