Indianapolis Times, Indianapolis, Marion County, 9 March 1952 — Page 41

9.1952

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~ Section Four.

~The Indianapolis Times

hh pa ; ie a : Real Estate ...... ....4l 42, 43 Business ....... Cowie sae eibl: 42

Small Home Plan ::v..u.....43

Real Estate

SUNDAY, MARCH 9, 1952 PAGE 41] Classified .....ccuevurindd, 48°

| Public

bstitutes Are Planned

Housing

SRR 3

« BARRINGTON HEIGHTS—338 two-bed

room units for Negroes. a »

—~

| nBusiness

Soft Goods— Tender Spot

By Harold Hartley A YOUNG HOUSEWIFE stood before a mirror. She studied profiles, then the full view. And purred. She was in a store, trying on a hat. And she liked it.

You could see it in her face, an air of well being. So she took it home. - The next day it was back. 2nd volume up. That's working | Wrong color, wrong shape—the fOr you. reason didn’t matter. The real And you ought to like it.

reason, the store manager sensed. Poodle Half-Shell

“When she got home,” he said, . . ! “she asked her husband how he BUT THERE NEVER was a

liked it. He raised his eyes, gave| tite when at least something | ‘8 it one look, and asked: ‘How 9\dnt Sew. much? ” Easter hats for women seldom

.' fail. And this year it's a new ou hey for haircut which did it, the poodle. | ————— : it?” So the little wife, who loved For this was created the Poodle the hat, shed a tear or two, and Shell which sits on top the read Rog Estate said: “John, what's happened to it's really a half-shell—and is us, what's become of our money?” Worn impishly forward. |

Her husband settled back to| BUT DON'T ‘WRITE oft the) his newspaper with a grunt. Y ialiors. They're siwaye there irl oar pens wish 1 knew. . straw for Easter, navy leading, | I TALKED Wo another execu- ed, white and wheat next, and |

: ) blacks, always blacks. Model Contest : more tive. He ssid But I've . A close cousin to the Poodle]

“I make than I did last year.

got no money. If you're a model builder, here's

AIR VIEW—Barrington Heights, improved a neighborhood.

And I can’t tell Shell (or half-shell) is the Rocket

Clark Promises Slum Cleanup; Builders

voy

AMATEUR-BUILT—A typical Flanner House-financed home.

where it has gone.” And he Bonnet, with the uplift back, worn|

makes good dough. I know. While department store’ s bounced back 5 per cent i week, they were still riding 17 SPring. og per cent under the twin week last] np TOES have gone in hiding. year. And the year to date stands Heels, t00. It’s the new pump with 12 per cent behind 1951. the medium spool heel. No slump Buyer behavior has stores baf-'; ipaq, They make Women look

fled. But they can smell any, 00; What else do you need? answer or two in their own buy- y 8 y :

ing. They know, for instance, Sniffle to Sniff that soft goods is. plenty soft. SOMETHING happens to a man

alec Dold fast to the hair, keep lids last/ from gusting away in a puffy!

And manufacturers’ prices have a i, the spring. As the buds open, County high school is eligible for and the ground turns oozy and the former contest.

wobble. The manufacturer who cuts and warm he likes to go outdoors. sews cloth is in a tough spot. He'S| wintarg aniffies give way to the

got more than he can sell. And gniff of the open. But the sniff he Manship. :

the bank which backed his inven- jes hest in the bracing factorytory often wants its money. fresh smell of a brand new car.

td = » HE HAS TWO choices. He can, pup THIS year. alas, close up until he sells his inven- yj pe a tory, laying off people, or he can the road, more clunkers. cut his prices. The reasons are

get jobs elsewhere, and he loses j79 ggo against 256,975 last year),

his working force. So he would| 9) gteagily rising prices, (3) too M

rather sacrifice his pfofit an keep his business together. » - » WILL EASTER BUYING pick, up the slack? One store exec-| utive said, “It’s hard to say, but 60 per cent. it had better.” Some stores have ing on that many cars. trimmed sales forces a little, here ins are closer. And about 35 per and there. Will Thursday night openings away from the appraisal of their lift sales figures? trade-in. ; No one knows yet. But the. The government has promised wise merchants expect it will take to loosen up on aluminum and

(4) spending

‘short payment periods, the tax mop-up of money,

forward. Clamps are new. They your big chance-—and it doesn’t make any difference how old you are {Estate Board has got a miniature J model home building contest for? both teen-agers and adults.

the same: lond $20 and third $10.

built on a rigid platform not larger than 15 by 18 inches. Overthere all height shall not be more than|yania St fewer new cars taking to 12 inches. Only the exterior of 1310 FE. Kessler Blvd. 3433 Kin-| the model house will be judged. : .

and giate Fair Grounds Apr. 17 tween 3-9 p. m. A small

They can’t keep go- nage. address, phone number and Sipscugers } ¥ | Trade. sciol! Clarence Steffy |

cent of those who nibble, back same. 4 Those interested should send a post card to William 8. Anken- 1a realtor, has joined the sales

brock, chairman Contest Commit- caer or Rehltor Cleo L. Taylor!

® » Outline. New Projects | Civic leaders, city officials, home builders and realtors ‘this week started searching for the big answer—how to adequately house the poor people of Indianapolis? They've got several things in mind. | Mayor Clark told The Times — [that he would order all responsi- vestors. Purchase of stock should [ble city departments to force own- be limited to $500 per individual,” jers of slum properties to bring he suggested. them up to standards required by The families who cannot pay city ordinances. This will ‘affect rents of $20 or $25 per month are about 10,000 homes at least. welfare cases and must be treated “Fix 'em up, or tear 'em down,” as such,” he said. ‘“We should ree - - the Mayor said. give them decent housing and . | “We'll give the realtors and such services rather than money.” Private | builders All the co-operation they; The corporation, under Mr, {need to do the job” he said. Hurt's plan, would buy up slum § | “There's no doubt that we need property yet useable and recondi« | [low-rental housing.” tion it for rental use. ! ousers | He also proposed that a special “Such a program will offer low- | » {meeting be held to discuss the rent housing cheaper and faster Doing a Job hest methods of attack. (than public housing and it will Need for Planning {not saddle the city with a tree | Private enterprise has not been| William Book, executive secre- mendous tax burden,” Mr. Hurt unmindful of the need for hous-/tary of the Chamber of Com- said. ing Negro families adequately, a merce, warned that behind the Memphis Plan spokesman for the home build-lentire program must be careful! John Bauer, president of the ers pointed out this week, |Planning. Marion County Home Residen- | Largest single project of Negro, Mr. Book touched at a sore yi4) Byjiqers, sald he would urge 'housing here is the 338 unit Bar- spot, asking that the city’s Plan ., yuilders to construct low-cost |rington Heights bullt two years Commission and Board of Zoning ania) units and seek the co-opers lago by the I, & L Construction Appeals, at present one agency, gion of the city in this effort. |Corp. at Keystone Ave. and Min- be split. to free the planners 10 wppair aim for this year will be ‘nesota St. pian and the zoners to.gone. at least the 348 units planned by | "And currently 21 homes are, Mayor Clark sald he was con- , p10 housing, he said. : 'underway financed by the Flan- sidering the idea. “Actually, the more homes buil |ner House organization. These, But the realtors and builders, ... qjess of price, will help all {homes are being built by Negroes had more concrete things to of- po" woo” gown’ the line. It is the lon land cleared by the Redevelop-'fer. Special committees for each) ising supply that has been ment Commission from the city’s/group will be appointed this week. limited, not merely the low cost worst slum area. | The realtors propose an adap- market, " he pointed out. And Mr Under this program, Flanner|tation of the “Baltimore Plan.” gp. ob a0 only low-cost homes, House advances all the money|Briefly, this plan strives to re-|" 7. "pore head of the Cene for materials and provides trained model existing livable structures|, ., yo... Union, AFL, warned \supervision for the construction|&nd bring them up to standards. q, .¢ these people without ade\work, done by the home owner; The home builders propose &|.,..s housing are ripe for sube 'himself and friends. |variation of the highly successful versive philosophy. - | All he needs to put into the|/low-rent housing program of "“.; change Washington's |home to start is.a little “sweat Memphis, in which builders are mind about the large down pay. lequity.” When the house ia com-|®ided In cost cutting by co-opera-i, ... jemands on homes. Since = “|pleted, the owner negotiates a tion of the city in supplying yen has owning a home been | : | ' " |loan to cover the amount for- Streets and sewers, |inflationary? Let's put the presWa t Veon Sa es J) Sales Gross warded by Flanner House—usual-| Baltimore Plan ‘sure on Congress and make it 40% Ah o 4 ly about 40 per cent of the home's| James Hurt, president of the possible for the little guy to ° ea | value—and repays the money into Indianapolis Real Estate Board, a low-cost home with a few hun. of Last Year's $610 100 for jhe | Flanner House evolving disclosed ne ona Sppoi 3 dred Dollaty, gown, insiesd of a | | . committeé to start ground work few thousand,” Mr. Sales of the Walt Veon Co. ! Also ready to be built In the on setting up a corporation to fi-' “I don’t believe that we should during the first 60 days of this w ‘redevelopment area are 44 rental nance the modernization of sub- give poor people housing, but I do year totaled $324,800, which is up| junits of defense housing to be/gtandard homes. 'think we should ‘help them to get about 40 per cent over their sales! or | er [started this spring. Another 35 “The corporation should be set it—make it possible for them to volume for the same period a year | lots will he offered for sale to yp to pay its own way and per- become home owners and taxago, Mr. Veon reported this week.| Thirty-two sales worth $610,-the public within the next 90 haps earn a slight profit for in-'payers” he said. + Just how hard Regulation X has hit the mar-

for the Indianapolis Real Z§P% by the fact that only one of the 19 sales made by the firm this year has been that of a new home, Mr. Veon pointed out. Taking part in

the sale program

The prizes for each. contest are first place $50, secMarion

Anyone énrolled in a

Awards are Mr. Veon were Bob Sturm, made for originality and crafts- Bill McCord, Wayne Dunifon, Bob Durham, Maurice Davis and Mr. Veon.

The miniature homes must be The sales included: 5161 Prim-

anufacturers’ Building in

be-' Ave., 1741 W. 54th St. 6132 N.

listing Ave.

the rules for adults are the

Joins Taylor Co.

Clarence E. Steffy, an Evans-

s stat : : four to six months for night buy- copper. That means more cars. Ree i ianarells Seal ate and will work out of the firm ing downtown to become a habit. The big question: Can the pub- ig g. offices at 3749 W. Then they expect it to be better. lic still buy? Pos ee. 10th 8 N.% =u You can find plenty who are Mr, aylor, WHAT HAS been happening is yo or Go 06 Plenty Indiana Building ‘who opened his that man-and-wife shopping, es- S d i firm last Seppecially when both hold Jove, has Jeeds, Weeds ‘Down in January “ember, reports Ho drifted to the night-opening stores THIS IS THE liniment season. arses : a very strong %) NEW YORK, Mar. 8 — Indiana demand for low JH

in the suburbs where the seléc- The office worker who has been

tion cannot be nearly as broad, snuggling in his big easy chair had construction contract awards priced propertiés. ”

and prices, some insist, are not a) nearly so competitively low as gjde.

looks is stirring. He

winter, suddenly The world

they are downtown. feels the urge. 3 the wall when The trouble is tax and price So to the seed cataldgs, the January, 1951, it was announced We advertised a a ow ou pressure. In food these have al- handy man's instruction boek on {0day by F. W. Dodge Corp. four-room brick

ready knocked both butter and yards. So begins his troubles. eggs off their pedestals. It’s time to fertilize. He does »

r » STORE INVENTORIES are in good shape. They have been thinned out except in the Easter , a lines. mostly women's and chil- HE WANTS a lush carpet’ on dren's ready-to-wear. The man his Jawn, better than his neighof the house, so merchants re- hors’, He'll get it. The fertilizer port, takes his Easter on a will make the grass grow like “women and children first” basis. mag. By June he'll have to cut The simple truth is that the jt every ive or six davs. and government itself Is stalling trim too. ’ prosperity. It has raised taxes Then he'll wonder why he spent to drain off buying power. It all of that money on fertilizer also has let wages drift upward 'and seed. It doubles his home - through ' automatic increases. work. The grass will grow so fast And that means prices go up, he can almost hear it.

- too. . cs 5 » And the wage earner has AND IF YOU'RE a gardener, set out peas, flowering and gar-

arrived at the point where he den variety, lettuce, onion seeds, ! be ’ ’ thinks twice, or maybe three and spinach, right away.

times, Defore he lets go of his" yyy rancy guys with cold frames ¢ rr» can seed their petunias, snap-| THERE'S PLENTY of pes- dragons, asters, marigolds, zin-| simism around. And plenty of nias, indoors, for setting out! whistling In the dark. Stores are later. «vo. playing close to the belt, and gg yf YOU like the feel of the letting the manufacturers wWOrry.'qirt in your fingers, and the Tha'’s opposite to what it was. shooting pain in your back, you!

wavs, seed.

Next he scatters grass

A year ago manufacturers were can start now, playing the role [afi

calling the tune. and - making of Mr. Ambition, right under the stores ;,buy ahead, and actually noses of your envying neighbors,

carry their- factory inventory, if a straight run to-late October. | they were to get anything to sell But it's better than golf. You at all. don't lose as much money. And

hb. 2 a if you “freshen up” at the 19th! TODAY IT is the manufacturer , ro. 4g likely to be your own who is over the barrel. ~ kitchen. And 1 haven't found one re-| Anq there's a lot to be ‘said tailer who is weeping: about it; tor that. not one. ‘i foprenenes . 8 a buyer you can rely on Hear Harold Hartley with this. The retail department store “The Human Side of Business” |

1s working to get prices down, on WISH at 3 p. m. today.

out- totaling $17.58 million in January

ary were $3.67 million compared he that. Then he rolls the lawn, two With $18.32 million in Januarv a

were $6.89 million or less than 1 per cent more than January, 1951.

“The phone

—about 39 per cent less than nearly rang off

Nonresidential awards in Janu- home for $3750,” aid The firm handles properties all the city, but specializes in contracts residences south and west, and small farms. “The buyers are zhoppers first Public and private works and and buvers second,” Mr. Taylor

Mr. Steffy

rear ago, a drop of 80 per cent. over Residential building

utilities reached $7 million or sub- said. “They're looking everything stantially higher 1951's $3.42 million.

than January over carefully and are very price conscious.”

Buyers Like Bungalows, Cu

LAFAYETTE HEIGHTS—Hurt Bros, Realty Co. sold this attractive frame bungalow for the second time recently. Built at 4429 Farnsworth St., the home was sold to Albert W. Lannum for owner John W, Green, wo o 4

v os poi » i

ket ig illustrated!

rose Ave.. 2033 E. 54th St., 3022-4 Pennsylvania St. for 33 Laverock| Central Ave, 3216 N. Pennsyl- Road, 134 W. 73d St., co-operating 8640 Carollton Ave. broker Russell Fortune Jr.

(1) the cut- Total or a Ce near Ave. 2894 E. Kessler Blvd. Ave., Beech Grove. ‘ut- Total costs of materials must no ans .l If he lays off his people, they pack in cars (GM for February, be more than 54. 4420 Evanston Ave., 4830 Broad

white! Olney St., 6520 Evanston Ave, dlanola 5» card, 1'4 by 2; inches, fhall be 524 Arden Dr. and 6021 Winthrop DEALERS are cut back: about raf 2 with the model,

100 were reported this week by|d8ys, the commission reported. the Associated North Side Real-| At Barrington Heights tenants tors, Chairman Guy Boyd an- Pay $55 rent for the two-bedroom nounced. Eight > "gales Units which offer about 700 square were also listed. |feet of floor area. The kitchens The sales: are furnished with refrigerator, ’ wa “ sink, range and cabinets and the ack C. Carr, Inc. — 5170 N. rent includes water. Capitol Ave, 1741 W. 54th St, mne attractive subdivision In-co-operating broker Walt Veon ijyqeq all city utilities, sewerage,

pending

Co., 411 N. Jefferson Ave. 1933 gag electricity, and paved streets N. Warman Ave., 2439 KE. Kessler ang sidewalks—provided by the Blvd. builder. Thomas F. Carson 147 Buck- ———

ingham Dr., 124 Hampton Dr. ® Robert E. Walker 5301 Guil- Remodeling ford and 906 E. 53d St. American Estates Co.—3002 “Bi Delaware St., exchange 3902 N.| i

in 1952

A considerable amount of hous-, ing and other light construction] will be completed this year, al-| though builders will have to exer- | cise a good deal of ingenuity in| coping with the stortage of metals,

Gregory & Appel 76-78 N. 15th

Ethel Bromert-—6159 N. Penn-

way, 5311 Crittenden Ave., a busi- Sylvania St., 8565 N. Pensylvania Cylde A. Fulton, president of the Entry must be delivered at the ness lot at 6100 Carrollton Ave. St, - the 6730 Caroline Ave., 1826 Beeler Savage Co.

co-operating broker Bruce

National Retail Lumber Dealers] |Association, said this week in an|

645 In- address hefore the annual conven-|

Bruce Savage Co.

Ave, 7904 Windcombe tion of the Indiana Lumber and Blvd, 4159 Vera Dr. : Builders Supply Association, Ford Woods & Co. = 2939 «The volume of nondefense inBrookside Ave. -... dustrial and commercial construc-i A. H. M, Graves, Inc. — 5729 {jon will he held down because of |

Oxford St., co-operating broker Fieber & Reilly, 717 Carvel Ave, Joe Berger

the scarcity of steel, aluminum, rvel and copper, but repair and moder-| 6929 Washington nization work and farm onstracs) Blvd. tion will continue at a fairly high Driscoll Realty Co. Tog cabin jeyel.” he said. : E. 116th St. in Hamilton County. “Supplies of noncritical maNormal L. Hammer -— 410 E. terjals, such as lumber, wallboard, 20th St. roofing, cement, and household F. M. Knight Realty Co.-1739 equipment,” will equal or exceed N. Lesley Ave, requirements. Allotments of copGerdenich Co.- 6511 Ferguson per to manufacturers of plumbing! St brass have been cut back sharply

J & I. Realty- 3145 3149, 3135, hut producers hope to meet the 3129, 3302 N. Adam 8t. demand bv use of alternate maF. C, Tucker Co. 3352 Forest terials and by adoption of strict Manor, t conservation methods,

— “Defense officals have recognized the need for keeping existing homes, stores, and other;buildMortgage ings in good repair during the

Mortgage Clinics

CHICAGO The

Bankers Association of America period when new construction is will begin a nation-wide series of curtajled by not restricting this mortgage clinics Tuesday in Mem- essential type of work unduly. phis followed by Atlanta on Fri- “The new homes which are

day and a larger mortgage con- started will have to be smaller ference in New York Apr. 14-15. than usual because of the reduced Thesegwill be followed by clinics materials allotments, but there is

in Seattle Apr. 258-29 and Los good reason to believe that the Angeles May 2. Objective is to limitations will be relaxed as soon provide regional discussions of as copper, steel, and aluminum be-

current problems In the mortgage come more and real estate fields. cluded,

plentiful,” he con-

rrent Market Shows IWindsor Village

CHRISTIAN PARK—This three-bedroom frame bungalow at 4850 Wentworth Ave. was sold recently by Mary A. Riddle of Carnine’ Realtors for Raymond Thie and wife. Buyers are Mary | Davidson, Ernest Davidson and Mrs, Alva Whiteman,

+ x

BT ‘i

'here goes , . .

|edly said the nation meeds’ more | 'housing—and that includes rental brought up to standards and still

Real Estate—

Why Don't They ~ Build More Units

lia |

[ iad

By DON TEVERBAUGH mes Real Estate Editor

| T : THAT BIG QUESTION, “Why don’t the home builders

build more rental units?” popped up again this week with a renewed urgency at the City Council meeting on public housing. I thought I'd answered the -

Question adequately once, but cident. Nor is it just r planjudging from the attitudes of ning, It is too 3 Jun Io either, many people attending the ses-| But it does give the publie sion. the question needs to be housers a chance to point an ace answered again. lcusing finger at the nation’s home It's a little complicated, but builders and sneer, “You've fallen {down on the job.” To start with, every builder, ANd a lot of people have swal. big or little, must have operating lowed It hook, line and sinker, capital. It may be $50,000, or s5 These people are the most rabid million. But when it has all been SUPPOrters of public housing, invested, he’s out of business, Merely because they don’t know

t . That's why they build homes for | Be facts nu

sale—the turnover of tHeir capital! : : is quicker. When they have in MORE THAN 500 persons pleted a home and sold it, they JAmmed into the City Council again have their working capitaljchambers last Monday. They back (plus their profit), free to! 00k sides for and against pubwork again, He housing. fy No» But they were mainly home BUT UNDER present FHA owners from areas near the promortgage insurance programs for Posed sites and members of the rental projects — except for de- CIO and AFL labor unions, If fense housing —the builder must there were many people from the put up about 40 per cent of the Tyndall Towne or Christian Park total cost in cash. If he at-temporary housing units, I didn’t tempts a cdnventional loan, the See them nor did they speak up cash deposit is even higher, One young home owner, who And - the builder just cannot identified himself as a member afford to tie up the major portion 0f the AFL, said, “I'd like to of his working capital in an in-'know how the AFL decided the vestment which at best, cannot membership is for public housing return the cash in less than 10 —they certainly never asked years, me.” : Under earlier FHA mortgage “Ask the question at your next insurance programs, in which 90 union meeting,” I said. per cent of the project cost was| “Are you kidding?” insured, the builder's capital was amazed. kept fluid. He needed only 10 like that “at union meetings.” per cent down. There was a reporter at the And “under this FHA program, session’ from an AFL publicalarge rental developments, such tion, he aswered the man’s quesas the Meadowbrook Apartments, tion as I relayed it to him. It the Shoreland Was decided by national dele Towers and others, have been gates at the last AFL convention, built. One builder alone has com- apparently. 1770 = rental

he . said, “You don't say things

. » - BUT NOW the chips are down and the opponents of public hous ing must produce the answer.

pleted more. than units since 1949,

~ » » UNDER a similar FHA pro- : gram, limited to defense housing, And it isn’t going to be easy, local builders in December turned! But the ball is already rolling in applications to build more than and with co-operation the job 2200 rental units. Unfortunately, can be done efficiently by private the program was-limited to 1000 enterprise and local civic leader< by Washington. ship with a minimum of taxes, ° . New housing to rent for $135 It shows pretty well what the ;. cog ner month cannot be built. builders’ intentions’ are. And tig economically impossible. But answers pretty well all these r,ni)jes which cannot pay more half-cocked charges that the ..n¢ per month are really welbuilders do not want to build 316 cases apd should be treated rental housing. as such. With proper dance Let's put the responsibility they may be able to increase where it really belongs. their family income and should be encouraged to try.

Older existing housing can he

President Truman has repeat-

housing, But at ‘the same time, rent for reasonable figures—all federal credit restrictions and we need to do is enforce the existe FHA programs have done every- ing laws. wii . thing possible to discourage the. We have had a law banning, building of rental property and outside toilets since 1918. be homes for sale. © + it is time that we started ) 1 don't believe this is an ac-iing it, 4 Foo Py

§ : Se, 2 -