Indianapolis Times, Indianapolis, Marion County, 13 January 1952 — Page 52

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ta. foot oT di Frank E. Hand | “65 Sales, Near - Lilly Finishes Building Tiff Clow Te S Bi jil ing rank E. Han . OPEN TODAY—SUNDAY—NOON TILL 6 = s Heads Plant of . age . : ; - By ROBERT 1 LOFTI S g them, was the huge carryover of 1 s | 100 Handle : ; United Press Steff Correspendent © financing ~*committments from Stark, WwW efzel y WASHINGTON De 1% 1950, which accounted for more /, outlook for 1952 home building yp... 400.000 of “all the houses Bo) - . ; y vas clouded today by a three-way pie jn 1951, : e Among g ernmen ’ x : y Si ers SN line 3 Kesmet Too Much Paper Work > in — . ; wer how much mortgage mone) “Lenders ‘are shying away from 2306 N MERIDIAN od , . b ay ind materials will be avaflable in loans at 4 per cent in favor of o ported this week 'b he + ASs0 A the next.12 montt other types of investments yield: . ciated Nort} Sidi Realtor / Defense production administra- ing comparatively the same. net Chairman’ Gd B i nnounced ' T , * or Manly LC Eleischmarrn * handed profit but which have none of the Total ¢ RT; A e bu rb e¢ of bad paper work involved with governcord ry W Wt £2. 1} 4 : ; a ment insured or guaranteed home gro ecretary N R687 435 : Td J : ! A % IH ns loans,” he said, sales Wels 1) Mr. Atkinson said there is i Your Trade-In Covers the Down Payment Wavne Whiffing i 3 i x} . wy rut rior the second quar- plenty of money ‘available for 15 Mr. Hand Mr. Woizeski ; tt, 630 Southwood Di 2] Lt Te this year will have fo be year loans ‘gt 5 per cent orcfor Cl UE y 7) TRADES IN ANYTHIN/ Willis A dams-10 b 11 i Brin a, $.r a0 cent of the 1951 4%; or 4 per cent loans on a Frank E. Hand this week wat £4 bhi Pym. - “ Lal En #2 " mom Phat w { leave enough’ mich rediiced Joan-to-value basis. 2Dpointed general superintendent 4 % 2 ' . og hout: 18% 000 new. But b es LAY Antisn Cv of the Stark, Wetzel & Co. Frank- 1] YOUR 1) I ) 4 M Eb 1B F. Ml. Knight Realty Co a1 wut 165.000 new sut he asserted project builders fort plant this week by the firm's L . ” tS Mav ind June ire unable to finance new con- f . +2 {eo Pw . . 1 1 Ju . aida Nsecrid - Taty / i NEW LILLY PLAN Now g ¢ let at ti t y & Cc » industr s building at an struction in big blocks at the vice president, Erwin K. Wetzel. Catt re rine Hh K i . : : ] Sg A d Camphell 3 NB Kentucky Ave ant tt ntibiot labor y 850.000 new home ites. set ‘by the. government At the same time, Mr, Wetzel Price Dawn e.. ¢ 8 i t 4 me agence ner 7 g 2 ‘8 Joizeski as v4 ; ; or e current quarter. The second ager § | cent on VA named 4 laren iz Bl a Gas Range _ oe 3S 89 S14 er cut. if continued for the guaranteed housing and 4! .per assistant superintendent o e y : ; John -Max- 4342 rwaild [ of 1952 without a further re- cent on FHA loans, both of Indianapolis plants. Apt. Size Range ___.. _____.___/ 19 .13 Aye operating broker I « Snowslide Hits would slash this vear’s Which usually run for 25 years. Mr. Hand comes from Madison, New Electric Range ______.__. 319 219 42 >! Se € 3 ut 700.000 - homes The NAHB. official said the Wis, where he was associated a / Walt Veon Co 6168 W « Train as Storm th 1.1 million in 1951, 8overnment itself is competing with the Oscar Mayer Packing Apt. Electrie Range _____. -- 119 149 23 I Washington Blvd. ¢ d ated : nann made no With private builders and buyers Co. for the past 15 ‘years. Automatic Washer _____ A -.798 225 {th St Man : through the -varfous housing Yoizaaki 0 : f os Hits Neva a that further cutbacks ho ia > I BTe ox wi B Mr. Woizesk!l joined 8 & W In Wringer-Type Washer ea. 139 838 14 Ford- Woods (} W b 1 St Ive ' he ordered autnorities, wnich are expel ed to 1947. Formerly he worked for the . 149 23 Norman I. Hammer A 2 rie a sh bids this week on sbous $150 Aetna Lite Insurance Co. for 18 Console Sewing Machihe ______ 189 424 8 : million of tax-free 3 i . os A i os tnrine I il 1 J : 1x ee onds to build years Deep Freezers 4 sam ad 85 Hugh Te ters Co 9 : eo 4 lo. Sli kesrion. ot public] housing projects through LS — - vnaster Ave E | ng de spokesmen €ON- ,.+ the country. Vacuum Cleaners, ea .. 89 88 11 ( od 1 t the « t x 1nr y . The” Spang Co Ine on 5 ! He predicted the public housers Bill Likely 119 19 13 e yl 1 8 ©“ \ \ 1 ¢ charece 1 it it <a Central Ave tn er Height ! aailel : ’ ’ The p d transite building hey charged th would have to pay a higher inter- > > ool hr is! he hit p ( : . ‘bout L000 { tho nd 244) qt pate this time than thev have To Give Korean Northern ( fare x4 weleed t nal o« irke ont Sh Tots Coot, oii 39 i prient re erm oy © SITIIAT offerings in the past. sational Price $0)t 3 t d i } i eglig Ving in . ' ' C Toc) v Yiaict } o ' And thev a Plenty at 5 Per Cent Vets Housing . ] uc her 0 HO Halston > o-oberating br rA HM ain { n Fran ) Ot} ' } {iy erted that mar bh ling crafts I Atkinson's y the ® re ’ . e.. co-operating broker A. HL. M.| ; oh er If Hing oe Mr. Atkinson's views on the (,gHINGTON, Jan. 12 (UP) (ita i Pr ru ! uh ! I imnsuited or defense scarcity’ of mortgage ‘money In y y : — »1b1 1 i v or ntaii A thelr. a eon : 5 ) : With Congress back in busi- . ‘ A x ‘ Ing UE nt wor hecause of eir _age 4 ere Q » Vv rev | 3 . : operating broker Walt Venn Co ug ; a } ( } ~Age 1952 w disputed bv Aubrey M ness, ‘a spate of housing bills is: iis n i 1 | specializend experience ats To . y aOR . Bruce Savage Co.--6487 Park ° dow iirtia : 19 pal ind sj d experien Co ta, president of the Mortgage oypected to drop intd the House Ave, 754 Woodruff Drive, his in ” : partially. ni ng the ca dé ; Credit a “Must” Bankers A ssoclation, who claimed and Senate banking committee -D UBLE DRESSER Haverford Ave, lot 180 Canter-|¥ "="! It striven her ih yo unl Rel The - National Association. of the worst of the mortgage crisis poppers. ni i liti an Sa w € P bo Sakland ahodl five hom : reads Lae Th mins Home Builders calculated the sec ov rots schaad a Fecent ote ten One of the first probably will BED Fieber & Reilly Lot. 81 44d t oy } ond-quarter allocation promised ls 1 U 8S 8 cen ale- ne legislation to extend GI houses 1x i 4 usines blo k V f y . I yw th av rs o 3 : : 9 Pennsylvariia Sts oy i 4 hl ~ 1 rotected a) Hes Bye Yih red 4 tilina PY Mr Fleischmann might be nent I e at Sayings and pg Yenetits to. veterans of thell CHEST : 208-212 8. Illinois St 708-7 W.[ HD ia : : an) : ‘ : : A " : tretched ouf enough: by use of Loan [League that there is plenty xarean War. | y } ’ yo valley Wii hii Keted W NOW «a { the » of mo ge onev- avi : on : / Wasq gion i ilo. £2 between 18 and 36 incl i Indianap y that titute material d other. ex- TON ae t money avaliahis — Another is likely to be a bAl i . » i —— 3010 Hr 1 y i aii 0 HHCY ueep 4 2 the ANKS 0 1 F e art es 3 : . 3 y Forest B. ¢ ORK =! 1 Aan worked in conjunction with the bedients to maintain the current go. oo ew homes: in. 1950 to replenish the operating capital You ean buy brand-new nationally advertised roliton Ave., co-operating broket Ave 854 Rosslivi A 116 1 v BY PR r data rin nual rate of 850 000 : H : JEW i i n 44 1 of the Federal National ort- furniture for every room. or. one piece at our - Evans-Bromert Co. 5853 Kev. Carvel Ave. 6954 Central Ave, clude H. D. Tousley Co. Inc But NAHB officials complained o , ? hres im Te POSHION go, 00 Association to finange con- . > ? - p ps » At : y is . Of T ome joans invest- . i : As Evans Bromery { 0. 585, 6 Ambleside Addition. 8606 Capitol Plumbirig nd Heating that even without a cut in ma ment t 21 Ty '® INVES" struction of homes in crfical de- Wh lesale C st gions Aye, Re po A Manderley Ave. 1617-19 E. K¢ ('¢ Hatrield KEledtriec Co. Inc. terial supplies the nation’s “build : e is RARE Yon i fense production and/* military * Harry -L. Robbins’ Realty Co.— HM AUTUtLIty 7 cr! i nd I r and Son X * ha nhia 4 Jullding Industry spokesmen areas, FNMA's $200 pillio 8000 N. Pennsvivaria- St. co-op- Jer Blvd, 5420 Carvel Ave, 5235 and Pes | Sons. ers won't be able to. erect More, uuntered that the bankers are ag exhogstos eo i) id fund PLUS 10% BROKERAGE CHARGE—CASH OR CREDIT or Faalien he navn a Carrollion Ave. 8610 Manderiey + ithart 700,000 new houses this Year|, eiectiv- right if. they are talk : ad 8 ionth, TRADE IN ANYTHING ON AN¥THING erating “broker The Spann U0. ave, 2305 E. Kessler Hivd., S609 Asphalt § Petrol unless more lending money ehters ho ape nt If they are talk-| The housing ang/’home finance Ine, BNE ao BE ad ’ spha rom retroieum | : ate yEHAEES ing about 5 per cent mortgage agency also will C Gr ; A a . 46 N Mariderley Ave i358 W 4th St P the market for mor Lire 1868S GUATAN~ money 3ut they said th . 8 gene, 3 e up on Capitol sregory & Appel, Tn 46 N. ee N° M lian St. G1 Ne 0 “a 1 f ‘de. teed by 1 tas Ad { ioney. bu ley Sai 1e same Hill loeking fAr more cash to iH N i St ya iN ne o the | t natu +». teed by he Vete 1 § stra- . a. s 1 . ¥ Capitol Aye., co-operating broker Del are i RRL Gf : ! ge : ; er bi) i hs : 4 an ra. bankers are very relurtant right provide traile/s ard other tempoRobert E. Walker, 541 Euclid V€1aW Van seeded Mu, ONL) 0 ‘ asph wads discovelreaq Voll ang fie dcderal HOUSINE now ‘to huv.up any 4 per cent rary housing in overcrowded deAve. Greenwood, lot 290 Fift} Jack €. ( arr, Ine, — 32 W y mi 1 of A nistrati government-guaranteed mort- fense. are; Fdgewood Addition Sth St., co-operating broker Hall Trinidad n 1498, . However, the W. 'F. Atkinson, president of gages : on ns : nn y ttle ' ' enn S naterial used 1 the nanufac- NAHB. said the outlook for low- 1i1 ‘el : Haynes Realty Service — 1333- Whistler Co... 109 N. Denny St, ma 1 r ufa A | K I'he builders cited what they an § Belmont Ave. 241% E. 72d 1017 W. 32d St 1819 E. 34th St. ture of asp} t roofing is obtained interest VA and/ FHA loans right palied the dificulty V A is having Man Hends, Light Work St. 5149 Crittenden Ave, 1428 N. New Jersey St, 2005-07 mostly from the petroleum indas- now bleaker than at any time in finding buyers for 15,000 of its. EX ANSVILLE,— More than 500 Uptown Realty—2715 Carroll- Ruckle St. 755 N. Emerson Ave, try. Known as. “asphalt flux.” this since World War II ended. t per cent home loans it has been companies are involed in provid- ® ° ton Ave, 66 acres at 21st St. and 99th St. at Rd. 431, 3751 Park product of the fractional distilla Mr. Atkinson said the big rea- trying to sell for the past few jJAg assemblies, parts or tools for Country Club .Rd., co-operating Ave. 5005-07 University Ave, tion of crude oil is'highly refined son why the industry was able to weeks. VA wants the cash for its/Servel, Inc.'s production of wings broker Butterworth & Co. 201 KE. Walnut St, 1408-08 Mar- for use in mal ing asph iit shingles start more than a m illign homes revolving fund so it can finange for the Republic F-84 Thunder jet - OPEN SUNDAY NOON TILL 6 Joe Berger — 8613 Manderley lowe Ave. ind other roofing prod: and get financing for more 4 per cent home loans /4 fighter plane.

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Window-b “open house $2000 dama dence and of .an ice cr Mr. and VM W. Naomi ¢ find two 10 13-year-old j and furnitu lipstick, fi mustard. Smith's Ic Hoyt Ave, ice cream thrown over Ne On reach Mr. Fork nc in his kiteh peeped in th Three chi eggs, sugar

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