Indianapolis Times, Indianapolis, Marion County, 17 February 1952 — Page 37
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17, 1952 | kA ne ey bi 0 te RE fered : :
Sx winror | The Indianapolis Times pa
and time to
Small House Plan .....0sv...52
4
- Real Estate
this, the "SUNDAY, FEBRUARY 17, 1952 PAGE 37 nember for re im —r————— , a » is a level, , in itself, is
cer there is,
New Prefab Model Features
Meet
Equipment to
iven at Builders’
———————— ‘ 2 3 4 i § ® » | \: hw wi hy BIN i510 ! ry | » a | N V 4 ish | | ed : 2 » fo a | x . 4 Ned - a 4 ; i. Street : £ Ly Ri Fi y. LA a ™ fot X YM nd 4 | FPN A ; x { 2 | birth Rate Figures Lr) Shout Need f 2NOU ee or ; t rs Fatter Bed : arrer nearooms Hl The Price brothers, up there at lafayette National { Homes house factory, keep their ears to the ground and ORIST | eyes on the nation's booming baby crop which bounces along part of city! | about 25 per cent over prewar levels, hore! | - They hear the clamor for a ALLL | ° bigger medium priced home with | Septic Tank fatter bedrooms. And the birth “8 | ; rate figures shot the need. 3 Data Due Well, they think they've got - . the answer-—but that's for you he About 50 Marion County pome to decide riext Saturday and-Sun- . . ’ . . . . I § » expected ‘to atten av a p slie rf 3 ) / LADIES INVITED—Hayes A. Hollibaugh, president of Radio Equipment Co. (right) shows Marion Wuliqers A ia Cw Say i 1 Det: Shek new four A County Residential Builders Program Chairman Louis Moller the kitchen sink, clothes dryer .and re- iractors Conference at Purdue to- atoga, goes on display. here at THE SARATOGA—The new four-bedroom model of National Homes at 3247 Sutherland Ave,
frigerator his firm will give away Tuesday evening at the builders’ meeting. All MCRB membets and their wives are invited, especially the ladies—the appliance firm wants their opinions. The dinner
morrow and Tuesday. The meeting is held in co-
3247 Sutherland Ave. will be open to the public Saturday and Sunday between 1.5 p. m.
meeting starts at 6 p. m. at the Athenaeum,
operation with the Purdue School * of Civil Engineering and En-
Assembled by the J & I. Realty! Co., National Homes dealers here, the Saratoga offers about 1200
7 Parcels
= ¥ » gineering Mechanics and Midwest . Hi 3 v suede | 5 meee by chapters of the National Associa- Square feet of floor space. 3 ¢ Ba, Real Estate— ; tion, of Home Builders, including Displayed Nationally that of Marion County On display at 100 different 8D ROOM BED ROOM KITCHEN Of top interest to local builders xe 10’ x 12° "x12 x
will be the commentary on septic spots across the nation, the pro-
tanks by “Prof. Don Bloodgood motion is the prefabbers’ biggest p of Purdue. bid yet for a share of the medium . esr For local builders and Marion ...., nome market. The Sarato y n 0 Si ers = Ted, wal v
"County officials “are currently ar- . guing bitterly aver the 1so to be featured in the March
Near Record In January — -
1®} Unbuilding Some Homes
new 48 a
Twenty-two sales were reported
3 ’ county sanitary code as i ards issue of a homemaker’'s magazine. # Construction activity continued TOUT aI en regard Price tages on the four-bedroom this week by the Assoclated BED ROOM LIVING ROOM at near-record levels in January mw G. Bickell is Sco ference rice lag ! oo $13 000 to $15.-| North Side Realtors at their | 12 x 12 12’ x 24° By DON TEVERBAUGH after allowance for seasonal .pairman. Other bulldsr org model range from land cost and Weekly luncheon meeting, Secre- ED ROOM es Real Estate Editor factors, according to a report is-i,. : organ- 000, depending on lan ’ tary Wayne Whiffing announced. x10
> Tim HOME BUILDING IS an Alice In Wonderland world suea jointly by the Building os oeiae prey 18, the meet. extras.
for the econemists as they try to find how best to reduce Materials Division, U. 8S. Depart- ville Ft. Wayne : : t of Commerce and the U. S. 1 Ape Ri the cost of housing. men ; - 8./Bend and Chicago. ; 4 : Labor Department's Bureau of They've shifted gears into reverse. The research boys Labor Statistics. Total value of
are after the same effect you get — new construction” during January J Ex-Coach ia r ? i when vou flip the switch on your Hugh picks up most of his crew amounted to more than $2.1 bil- $7 and three-bedroom models 34th St., 3210 Northwestern Ave.
home movie projector and send it|and goes south to Florida—but lion, a 4 per cent decline trom JOINS Firm Here ae in the $9000 price two lots in Sylvan -Estates, ws | { 0 { { into reverse. Things on the screen NOt to vacation. | December, and a slight rise above Clyde B. Smith, former football '2"8¢ DeQuincy 8t., 5655 N. Oxford 8t.,| eq way epor £ fly apart in a bewildering fashion.| He's got four homes under con- the January 1951 total. coach at Indiana University, The firm this spring will build/120 Blue Ridge Rd. : But it isn't so bewildering to struction there now and plans Substantial increases over the|starts his career in a new field 20 two and three-bedroom defense, Butterworth & Co~lot 18 in In Se ice Housing By ROBERT F. LOFTUS sociation to help finance military
the economist. By figuratively to start a few more. He, received year in military, industrial and/today. homes in the 30-3200 blocks of N. Maple Lawn. dismantling a typical newly con- his Flordia architectural license public utility construction main- For many years he has been Priscilla Ave. and anogher 25 of F. C. Tucker Co.—property In United Press Staff Correspondent housing during that interim. WASHINGTON, Feb. 16—The Siash Red Tape
The sales totaled $303,870, But, as John. Lookabill and Bill] The sales: i Muncie, South jennings of J & L Realty point, Robért E. Walker—lot 4 In ._ out, National Homes hasn't for- wijliams Creek. igotten the low cost field. Their, Fijeber & Rellly—6851 W. 32d St.! two-bedroom models start at) A, H. M. Graves, Ine.—920 W.
structed home and tracing back early last month. : tained the level of construction interested in physical education these models will be built for reg- Morristown, Ind, lot in Boulevard all its component parts to their D l h d outlays despite reductions inland has coached ular market sale. Manor. 4 : source, they've come up with some ry-Gu che (housing, commercial building,{winning football The Saratoga is completely Joe Berger—6126 Ralston Ave.
interesting facts. William M. Martin, the chap Dighway and some other types ofiteams at La- decorated and furnished through Boe Slander Tg Rowiy Defense Department's new hous yr Coogan already has taken
| a 3 : |construction. School building Crosse, Wis., and {co-operation of the following lo- y i gton st. WHEN THEY get these fadts who sits at the head of the table ctivity also was above a year|at TU. Now he is cal merchants: Ranier Furniture, Ave, 2894 E. Kessler Blvd., co- Ing director reported substantial some major steps to cut the red assembled In Yogical order, they when the Federal Reserve System ago in January. lentering the fi- Northside Lumber & Hardware, operating broker Walt Veon Co. progress today toward cleaning up tape which had been hampering _- may. have the answer. Maybe, Board of Governors meets, took Total private outlays for new nancial field as Griffith Distributing Coxp,, Pear- Norman L. Hammer—1135 Lex- ;1 ms in military base areas and 'h® Program. And he has tight. that is : a pot-shot at the federal govern- construction in January amount-|gggistant to W. 8 son's Furniture, Goldstein's, the Eton Aver dos 140 and 141 in irullicted the: Jub of housing serv ened >» he Mading ulations memes m——, : . a bun i tan ‘ " _'ed to $1.46 billion, off by 4 per-|Qliver Cass Hoover Co. and the Ace Blind Co. ce, i "(lo Kkefp oul 8 a at SY look 8 Spee al hole priced ment's. “anti-inflationary” hous-f "oo ember and $ TL Cas gen > 6 Clcast Haynes Realty = Service—4334 ice families will be rolling in high been bidding on miliary housing of 1940 ripped # apart, sifted ng Program, v additional cash cent under the January 1951 total. the Mutual Berie- Features pa Netwalao Ave, : 4 this summer, |and then selling their contracts costs and found that only 228 es ato Ae Fanny May or|, ine value of residential build-|fit Life Insur- | The new model has a automatic K Ah lL enlly Co.—821 E. Thomas P. Coogan, the hustling | at a profit to regular builders. per cent of the cost of the house|ine Public Housing tax-free bonds \°% eit yen an. anes Co, gas Heating system with auto-| "SUS Skin 511 Magsa. New York-Florida bulider who 1iome Bullders reports that the went for materials. : would be one of the most highly | 28 per cent-below a year ago., Mr, Cass, in matic hot water unit. Exterior of chusetts Ave. Rar. (00K charge of the military hous- | oo vernment's tightened restrics
That's only $2573. But to this BN
you've got to add 3.52 per cent
for manufacturer's wholesaling worth of public housing bonds “Mr. Smith has floor plan and bedroom windows .., * pa armed forces already hav y ] s : | » e cor- r costs, 4.31 per cent for freight were floated during the last haltjihiddie of ast year Since thai been in Newark for a strenuousiare set at eye level, arrording Financial Reports [rected some: of the ye on hoy Sevciition aid Sasuary ; charges and 6.56 per cent for of 1951 when all forms of pri- me, it has followed a seasonalifive.week course studying the greater privacy and a maximum Te : |conditions which inspired a bit-|units, 20 per cent under "the
jobber costs.
INFLATIONARY tactics possible. He pointed out that $328 million
vately built housing mortgages
cent below 1950.
The drop in homebuilding activity announcing the from 1950 record levels was halt-/appointment of ed, temporarily at least, by the|yMr Smith said,
Mr. Smith
pattern at a level around 20 per uses ‘of life insurance. He will
i a farm near Barthe home is of cedar shingles. gersville. iss Six closets are included in the cai
{of usable wall space in each room. The living room has 15 feet of
Ing programs just two months tions are biting deep into new ago, told the United Press the construction.
S Jarchow Topic {terly critical Senate report last/January, 1951, total of 85,000,
But that only accounts for 37.2 were considered highly inflation- {specialize in the use of the Anala- n | per cent. of the $11,500, ary. Industrial and most other types graph, which enables the user to/ Thermopane windows with bullt-| . Christian E, Jarchow, vice pres: rh Coogan said that with the lof eT eat our The remainder - breaks down And another $750,000 public|of Private nonresidential buildingico-ordinate his financial holdings in ventilatogs underneath. ident and comptroller of Interna-| building pr under “ : y
way or 1830, planned for this summer, the end] The NAHB is staging another of 1952 will show a “tremendous of its “operation trade secrets” |improvement” in housing at all|forums next week for the benefit |permanent military installations.[0f members of Congress, govern= | Mr. Coogan said the job of pro-/ ment officials and building ine (viding adequate living quarters dustry leaders. for families assigned to tempo-| The showing wili be a streams rary Army, Navy and Air Force lined version of the demonstra{bases is a tougher one, largely tion given at the association's {because of the difficulty of financ-| Chicago convention last, month, {ing home construction in those | : {areas.
| Dismountable Housing Young Savings 3 t — Theil . | | meg; = fo oe ne He said the Defense pepart- And Loan Men
Making.” John D. Mr. Jarchow ment is working on plans to ac-|
i. ‘ * Harrington of: George 8. Olive quire dismountable housing, both| TO Meet Friday
housing bonds are contemplated @dvanced in January. The rela- with Social Security and other] The homes will be on display tional Harvester Co. will address 28.48 per cent for labor in fabri- for this year, he warned. tively high level of activity at/jncome-producing property to pro- for the next three weekends be- the Indianapolis Chapter of the cating and installing materials, “Not only do such issues ab-/this time reflects improved dis-|vide income for the family. tween the hours of 1 and 5 p. m.!National Associ- : 19.86 per cent for retailing costs,'sorb some of the funds that would tribution of controlled materials — . ——lation of Cost
4.14 per cent for contractor super- otherwise supply a market for for construction under way, and - : Sr > i [Accountants at Salesman Will Train Others ne od we 2 »
this way, the economists say:
vision and 10.26 :per cent for government bonds or for mort- a substantial volume of self-certi-| their dinner builder profit. gages generated by new private|fied work. on | meeting Wednes. # nu = construction, but they afford an| Total public expenditures for| lday in the Ma. CLUES to where cost may he opportunity for wealthy indivig-| new construction in January were| Irott Hotel ball crimmed a little are found in uals and corporations to reduce|estimated at $667 million, 31 per| | comparisons and ratios of these legally their income tax payments| cent more than the January 1951 | costs at the source and atthe in a period when: it is essential/total. Military construction was| 3 location of the house. "that tax revenues be as large as/nearly six times the year ago = The component parts of the possible,” he said. tvolume, industrial and residential | house have about the same rela- And that hits horfie . {building ere more than double, |’ tive value to each other when |and school building was up by 14] they leave the factory as when Home on the Range {per cent from last year. Highway they are installed, the economists) mne American housewife -has|construction . was about 20 per §
| . Jarchow's subject will be “Financial Reports to Manage-
.~ hard.
say. ot a crush on the new electric| cent lower this January than last | But when that ratio increases Ry She's fallen hard, And 2nd the remaining types of public jag Co. is chairman of the meet- prefabricated and conventional. Tomorfow's top executives of it shouts loudly of additonal on- that's not just the bleating of a works were down moderately. Mr Jarchow joined Interna. YPes: which can be shifted around | the savings and loan business will
site labor. Paint, for example, comprises 2.17 per cent of the material cost at the factory, but jumps to 4.8. per cent at "the house. Glass jumps from .3 per cent to .9 per cent. The reverse also is true, however. Plumbing and heating equipment drop from 13 per cent of the .material cost to 8.2 per
(the country as the need arises. pay. - wr. e their say at the junior - oop] an : vice| yout Mr. Coogan SHphasieet the erence of the he & roan [8 e not going! Ens member of the Hoard of (0, 1ePeat thelr World War 11 ex. aspington Hotel. © Directors in 1947. periment of putting up wooden| Early arrivals will be enters a barraskastype housing as a stop-|tained with a dance followed by 22 |§2P, en the war ended, hun-|a midnight buffet-snack Thurse Dividend Declared |dreds of those makeshift projects gay evening. FT. WAYNE, Feb. ue board of directors of the Magna-
press agent.
Sales back it up. Last year the Internal Auditors juice-fed ranges hit the 1.4 mil-|
lion mark and the gas vurners Plan Luncheon
plodded steadily along in '51 with! Tne Tndianapolis chapter of the| a volume of (2:4 million—about tnatitute of Internal |
: Auditors, the same as in 1940. 'Inec., will hold its regular monthly!
But in 1940 the gas rangesjyncheon meeting at the Hotel were outselling the electric stoves washington on Feb. 21.
15 to 1. Times have changed. Luncheon will precede a busi-
¢ were still standing. With housing | ) y 16—The SINg| Friday's rogram will critically short, many of them | opened ‘at ig ri with a wels
cent of the total home cost, indi- res : $87 cating that most of the labor has ness session at which H. Audley vox Co. has declared a quarterly Presented serious Mum menace come from league president, been at the factory. Woosley, chapter president, will ——_e dividend of 37!3 cents a share on| Toc ates es in which they jester K. Bing, of Anderson,
Schafer to Speak
The Property Management Di-|
The meeting will then hear a key«
the company's common stock and the note address by T. Ralph Alsop,
a regular quarterly dividend of 25
preside. - : 14 Special speaker for the occasion NEW SALESMAN—Guy Boyd, Informed - sources said
Now it remains to study these
president of Jack C. Carr,
facts and decide how best to . . $ make use of them. Yision of the Indianapolis Real will be Ernest Knox, assistant in- Inc., (left) introduces new salesman Grady Cline (right) to one of cents a share on the Class a tk Congress {or president of the Vincennes Save ? ' a e 88 state Board will hear Louis B.|ternal revenue agent in charge, the firm's top sellers, Harold Donnell. Mr. Donnell has sold more |preferréd stock. The COMMON tom yorary base housing procies NE & Loan Association.
A “reverse” panel will go inte action at:10:30 a, m. and proceed to extract discussion. from the audience on subjects pertaining to their jobs and better ways - to serve the public.
Neo: Off Season ‘Schafer, area rent director, at{Department of Internal Revenue. : their weekly luncheon meeting at|Mr. Knox will discuss the “Reve-| p d rain thes : Winter, summer—it's all the noon Wednesday at the Wash-\nue Act of 1951,” a subject of| yd rag their new sales staffer. Mr. Cline was an assessor for lclose of business Feb. 25. The| ’ same to builder Hugh Bremerman. ington Hotel. He will speak on|vital interest to auditors as well| Marion County during the reassessment program, worked with \Class A dividend is payable Mat. yr be ‘raised. When it gets too cold to build “Rent Stabilization in a Criticallas the entire accounting profes-| Prudential Insurance for several years and will specialize in South 1 .to stockholders of record. 20Y savings banks and insurhouses here in Marion County,/Area.” sion. ; (ance companies are reluctant to
dividend is payable Mar. 15, 10314 may go in for direct govern-
stockholders of record at the| ant building if private capital
than $165,000 worth of realty in the past 30 days and will help Mr.
*** S.JOHSIE LV S3DI4d OD NMOQ * °° S.dOHSIE LV S3viaa UY Nmwu
1 Side sales,
|Feb. 15.
buy mortgages in remote parts of the country where temporary installations are being built, be-
Panel members are G. E. Ohmart, of Indianapolis, serving as moderator; Walter Burt, of Mune
- Bruce Savage Co. Totals $162,000 This Week In 2 Residential Sales |
2 jcause they fear they will be left]. - \with ghost towns on their han ds Cle; Harold Taylor, of Indianap 3 when the emergehcy end lolis; Ansel Sparks, of Terre 27 ; {i gency ends, |Haute, and Elmer Weigle, of . A Plan 224 Projects |Evansville. After the luncheon
ae
land speaker the meeting will ads
Since Korea, the services have journ at 2:30 p. m
|mapped out plans for 224 housing {projects with a combined total,
lof 89,200 units to accommodate RCA Equipment
{military personnel and their, fami- At Theater
(lies stationed at newly-activated RCA scored’ a technical TV -
or expanded permanent bases. So far, 61 projects have been com- triumph this week when they completed arrangement to .
pleted and are occupied by 23,000 dle both ends of the theater TX
Families, and 70 others, with room or 38,200 families, are under con- presentation of the WTTV tele cast of ‘the Indiana - Illinois
struction. ; The remaining 93 projects, vasketball game from Bloomings. - = ton tomorrow. TR.
which will accomodate 28,000 fam- . The game will be shown om
ilies, are still in the development. stage. Others probably will be de-|the screen of the Indiana Theatex and it will be RCA All the
veloped as the program expands. |way-—sending and receiving.
| All of this housing is being (bullt under the so-called Wherry! RCA technicians. installed all > : |Act, with government-insured 4 the stepped-up TV equipment. per cent mortgages, to rent at necessary for the telecast from’ $60 to $80 a Bloomington, as well as the re-
€
[prices running from
month. ceiving equipment hcre, company: | Getting mortgage money for spokesmen said. ey -|this 4 per cent housing has been| . dae
-
the log jam to break this sum-
a headache but he looks for Ther Distributor rae
.$301¥d 09 NMOQ ° °° S.dOHSIE LV SIDUd OD NMOQ
a— i Lh aR mer when the big institutional, -Peaslee-Gaulbert, Inc, . ©, WILLIAMS CREEK—This modern home, built oh a wooded Williams Creek hillside, was sold b SOUTHERN COLONIAL STYLING-~Salesman Bill Allen of Bruce Savage Co. handled the sale : Sols Hbutor A ; Bruce Savage, realtor. The spacious luwury home includes a complete master bedroom site re To lesan 1 Al si Bruce Savage Ce Maadled the toe | Conprins may ner Sal dlanspelis sreh, succssding y three rooms and a bath. ey Lied Sl gee St., near Carmel, 0 ee Tian iat at 3 (Federal National Mortgage As- ashipgton St.
a