Indianapolis Times, Indianapolis, Marion County, 16 March 1952 — Page 49
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| Section Four
~The Indianapolis Times
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Real Estate
SUNDAY, MARCH 16, 1952
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OUTDOOR PRIVIES—Indianapolis has thousands.
wl I Home Show Puts | Today: Business pg. On Sale
Next Tuesday
The annual advance ticket sale for the Indianapolis Home Show |starts Tuesday, according to Mrs. [Corwin Geyer, chairman. The sale is being conducted by the Garden Clubs of Indiana, Central
Thursday ; Rainbow
By Harold Hartley
a
WITH THE SPRING'S sun comes the sharp light of ert District.
: : : : . Tickets will also go on sale hope. With sales lagging there aren't many sagging chinsfsimuitaneously at all Hook's Drug]
But there is some of the mist of uncertainty in the air. Stores, Mrs. Geyer reported, as
part of the annual Garden "Club| sale. i Roselyn Bakeries will feature
Business is peering through it intently, watching for the first traces of the buying rain-|
bow. : : {Loan Bank Board. But the sav- a combination Home Show Cake! § Thursday night shopping was a/ings and loan business outgrew & Ticket Sale the week-end of pleasant surprise. Lots of people jts short pants long ago. |Apr. 5.
were down. But the biggest sur-| prise was the number of children. | “And on a school night, too,” observed one top retail executive. “But you can't measure it accurately on just one night. We 0 Os Be ay jot now accounts, four million borrowers Home Show. will be héld Apr. 18-| Wednesday or Friday, or whether it was genuinely new business.” : ££ 8 #
a. = a | In addition to the sale of tickets I'LL LEAVE it to you as to at Hook's 27 locations, various, | whether or not “small” is the|g8arden clubs will set up booths in| | right word to apply to the sav-/downtown stores and at prom-, ings and loan associations. inent industrial locations. |
(dollars. These are his figures. ing, State Fair Grounds. } | And if that means “small”, I'll} Plans for the annual opening a : : owe Crawl through a keyhole, hold-|{ceremony of the Home Show are! HUSBANDS AND : Jina ing a washtub under each arm.|shaping up rapidly. Albert turned out. That meant the big- Thompson, committee chairman,
ger items get consideration. 1t The Co- HP reports that ai Could help hard goods, appli-] op, How Big? eports that all of the 11 Home
| _ Show sponsori izati ances, TV sets, floor coverings, IF YOU CAN ring up $120 mil-} ove De Peon i, wi
| 1 And that is the kind of bust-| 1° send a representative to the
and furniture, items big enough!lion, you're in the big league, to demand a joint decision. { “eo ” The late Easter, Apr. 13 (last ness the Indiana Farm Bureau| oppo Show | Coup of Xonar, in-! year, Mar. 25) has shuffled the Co-op did last year. |novated last year to serve as a sales records, softened current| It sold $49,192,361 worth of|} cies group for the many dignibuying against the lusty Easter farm supplies, up about 16 per (aries invited to the Home Show's tug of the same week last year. jcent. And its selling of ¢€0-0p|¢ormal opening. x = = |grain ran about $70 million. | Organizations expected to seON THE BASIS of just one| It is the biggest co-operative ject comely young ladies to bear night opening, stores found the seller of farm supplies in theitheir colors are: Producers pull mostly on medium-priced|United States. On the hoof (net|Council, Construction League, goods. The top-figure garments worth) it is valued at about $46 Indianapolis Real Estate Board, were not moving much in the million, a million ahead of its Indianapolis Home Builders, night shuffle. Milady who pays nearest competitor at Ithaca Landscape Architects Association, the price, still comes down and N. Y. (Material & Lumber Dealers, shops leisurely in the afternoon. : ier = {Chamber of Commerce, Electric Or, if she is a good customer, a| THE MEN WHO get the most | League, Garden Clubs of Indiana, gown to her liking may be sent credit for building up this busi-|Indianapolis Society of Architects out. ness are Marvin Briggs, who just and the Marion County ResidenMore money has been going finished his 25th year, and I. H.|tial Builders. into banks. Savings are up all Hull, who was manager until 1946. over the country, and the Fletch-| A co-op is supposed to operate Bo d Talk er Trust Co., a savings leader, has without profit. This one has pre-| Y S$
about $300,000 more in savings ferred stock out. After it pays the than last year. dividend, the net savings are At Anderson handed to the members, who, Guy Boyd Jr. president of the
Jobs, Up or Down?
EMPLOYMENT is leveling off, Planket. Figures. at the Indianapolis office | of the Employment Security Divigion showed an increase of 600 jobs which broke down into a gain of about 1000 in manufacturing, mostly motor vehicles, and a loss of 400 in non-manufactur-ers. From outside sources, the story
|Friday spoke before the AnderoH. 8 {son Real Estate Board at their THERE IS JUST one catch to regular weekly the co-op which private business luncheon mee tcan never stomach. It pays no|ing. federal income taxes, yet com-/ Mr. Boyd, who petes with stores which have to. is also director Like the crop support money, of the Indianin my opinion, as brazen an at- apolis Board and tempt at bribery as there ever president of the
was a little different. Observers Was. {Associated
They have 11 million savings| The 27th Annual Indianapolis| ;.#
with assets of about $19 billion|27 at the Manufacturers’ Build-|
cover Indiana like an all-wool Jack C. Carr, Inc, realty firm,|+
ic iso ad stopped . . {North Side RealRe a en A pea Stitching Bee ttors outlined the preted that to mean the hiring! WHILE EASTER togs have growth of the pressure had slackened. But Alli- just begun to stir off display J 2° k C. Carr son has had no layoffs.
racks, the bolt goods has been 28°NCY. Mr. Boyd What - has happened, other moving strong. | The Carr real
program has been “stretched out,” deduction to make. More women largest in the state and reputed and that its acceleration has been were laying out patterns on the to be the third largest realty leveled off, floor and cutting their dresses, agency in the mation. There is movement in home Last year the firm handled the dressmaking which has little to Sale of 541 properties with do with money saving. Some dollar volume of more than $6 women are doing it as a hobby. Million.
» n n AROUND the personnel circuit, and they are the men who know, the report was that about T7500 had - been laid off including 700
They get together with neighbors facturing. It was a report ” ’ . ay PRR sources hard to Chat and rew, and help one an- New Officers pin down ? other, Elected recently, the Indiana : # a =n Arborists’ Association's new of-
Textilag are soft. Wearing apparel is slow. But some of the automobile suppliers have felt a little lift in demand. It's Spring, again.
duction lines, each doing what vaughan Townsend,
garments around. With modern yjce president; C. R. Fierrell,
for they can always say, “I made yow FE. I. Kable and F it myself.” : : ran Phi : Hear Harold Hartley with the Human Side of Business on WISH"Yat 3 p. m. today.
the NPA is expected to loosen up on public buildings. The building permit figures from City Hall, however, were far from discouraging. The value of buildings for which permits have been granted Device Improves have jumped from £$£6,097.905 to - \ March 10 last year, to $8,391,943 Gas Heating this year. : By Science Service {4 ” o ” y ry 2 » WITH THIS figure-glow on the f NEW YORK, Mar. 15—A dual- : : uel heating system designed to horizon, and the knowledge that keep houses and office buildings the En will surely Splash WAtm ‘when the gas pressure prosperity money over : e drops has been developed, tested country n this Slav tion - By and found satisfactory, the Gas there wasn't too much cause tor Appliance Manufacturers Assoshins 0 300 good,” ‘said one ciation announced here today. business man, "if we can just get-* An outdeor thermostat auto- ’ ’ matically switches the heating going. system from natural to bottled gas when the temperature falls Wrong Word below a specified p WILLIAM K. DIVERS speaks That helps keep the gas presup for savings and loan associa- sure up in utility mains during tions. cold snaps when gas demand is He says they are “a prime high. . example of successful ‘small busi- The system should allow gas’ ness’.”” And right there is where companies to serve more custo-
Hudson.
Fo
Hé is chairman- of the Home satisfactorily at present,
’
THEY EVEN set up little pro-/ficers for the coming year are ses,
£)
How Baltimore Is
TYPICAL SLUM BACK ALLEY—Sixty-seven tons of debris and rubble were cleared off.
Talks to’ Realtors
ROY
Robert D. Beckmann, assistant public relations lision Division of General Motors, will be the guest speaker at the
meeting of
doors,
bi Participating The big “if” lies in construc- sewing machines, they do it well. gouth Bend, secretary-treasurer.!{forum will be Gov. Schricker, Rustion. With the break in weather, And they love the compliments, New directors are H. N. Eng.e- sell Screes of South Bend, C. LE. Campbell, sales manager of the |firm, and others.
NORTH SIDE COLONIAL—Ralph Lynch is the new owrier
Mr. Divers and’ I are going to the mers during off-peak periods of of this three-bedroom residence at 5119 Broadway. It was sold mat. gas demand than they can serve recently by the Margaret Evans Co. for owner Mrs. Nellie A. Roller, The home intludes seven rooms and a three-car garage. | Under fhe present modified used heretofore,
less than two years, 10 square miles of sugar beet fields linto a booming city of 30,000 persons.
| there. Before the city — Lake-|form of Regulation X home buy-
WENZLICK — Nationally known real estate economist and lecturer, Roy Wenzlick, will be the guest speaker at the luncheon meeting of the Real Estate Board next Wednesday at the Washington Hotel. The program is sponsored by the L, M. Brown Abstract Co., Lawyer's Title Corp., and the Hancock County Abstract Co.
Allison Man
sources report, is that the defense, ..Store managers -had just one, state brokerage office is the Talks to Dealers
the Orman O, |Kinley Co., tomorrow at the Antlers Hotel. The firm manufacturers alum windows and ings for residential and industrial Dealers
Muncie, from the entire midwest w she does best. They pass the president; C, S. Sylester, Goshen, ‘tend.
“| Prudential Insurance Co. So far, payable at $45 per month,
. a
hy
Brings Impr
cured. It. is being cured today by earnest civic leaders and militant city officials of Baltimore, the nation's sixth city. “Baltimore coddles no one,” they'll tell you, And they mean fit.| Since 1948 the city officials have] swung hard at slum property| owners, most punches directed at the pocketbook. !
more than 5000 dwelling units have been pulled up by the bootstraps, out of the filth and littered streets of slums among the worst
{in the nation,
The city actually does no more
{than enforce Its laws. But the laws are tough. They've got teeth, | The outdoor toilets don’t stand a chance, Rotting fences are torn down, Backyards littered with an assortment of junk are swept clean. Refuse piles, breeding grounds for rats and disease, are a thing of the past. No Secret Medicine
a : i . py There isn't a secret medicine oh i lor magie cure-all, It is just work —''sweat equity,” they call it in Baltimore. But it is rehabilitating a section of the city which houses 40 per cent of the city's people. A section into which the city pumps $15 million annually --and gets nothing back.
Enacted in 1941, the city’s mini-
F v hae .
“ Ww
ing enables Baltimore to poke an
property.
{corrective steps.
. : i . “¥ he . aia -iv WwW l S !
Co tiie Tough Law Enforcement |
And it has paid off. Today,
ovements
Gnawing at the heart of every city is a malignancy of filth and neglect—the slums. A highly contagious city disease, it devours entire neighborhoods—but it can be
3
liable to a fine of $50 per day— and each day can be a new violation.
But it does not hit only at landlords, it raps the knuckles of neg+ lectful tenants also. For those who fail to respect the Housing Court decisions and orders, indictment by special grand jury and heavy fines may follow.
i Special Financing
| Supplementing the Baltimore plan today is the Fight-Blight Corp., formed by Realtor John McMowbray. . This agency helps |owner-occupants, through loans, to make needed home repairs when the owners are unable to get credit through conventional channels. And that; unfortunately, is quite frequent.
A nonprofit organization, FightBlight gets its funds from private contributions, the first of which came from the Baltimore Real Estate Board.
The group also carrys on an organized program of public education for better home maintenance, research, enforcement of housing laws and an assistance plan to help arrange for finaneing of housing rehabilitation. And the entire administrative
mum hygiene standard for hous-|cost of the program last year
was 4 cents per individual, Balti-
inquisitive finper into every slum more officials report.
As the slum properties are
Inspectors scour the blighted|cleaned up and rehabilitated, the areas, block by block, house by|city rent control office grants house, Violations are listed andi reasonable vent increases for violators summoned into court-—|“capital improvements” in the a special housing court. There, properties. Without this they are given 60 days to take eration the entire program might
have collapsed, one official pointed
If they don’t the violator is out,
right on which virtually all othe
to Louis W. Dawson, president o
" Real Estate— 1/New York.
U.S. Didn't
estate people, at a luncheon a
homes that they own.”
of property as widely as possible
By DON TEVERBAUGH es Real Estate Editor
private enterprise. In California it has transformed, in capitalism. | Good Citizenship
But the story doesn’t end ——
wood Park—is completed, there ers have to put 10 per cent down \will be another 9000 homes built, on a& $8000 house ($600) and 15 And at the city’s heart will be a Per cent down on a $10,000 house [$100 million, 154-acre shopping| ( $1500). To the guy B the nar. center with parking stalls for K€! for a low cost home these figures repres i hom e-owners and proprietors, Tore Hhail S000 sare the te si ph present a big plece of | whose welfare depends on their
lown efforts. swer for the tholisands of work- Rental Facts
“Home ownership—in fact, the ers at the Douglas Aircraft plant, ownership of any property—is
built nearby. It is the big an-' I received a letter this week good citizenship,” he said.
swer, also, for thousands of from \ He pointed out that life insuryoung married couples with chil- ore Duties wie Had read last ; dren who are buying a home for 8 column. He put his facts
the first time. on the line,
and the assurance of freedom
of wealth to millions of families, adding that life companies had
The vets could buy a two-bed- He has just completed a two- converted mortgage lending into
room house for as little as $195 bedroom small’ home which was. national operation and that in
down. For non-vets it required pyiit with the intention of renting the last decade the life insurance
|$495 down. Prices ranged from it. Hi business had increased its invest$9195 to $12,000 and the houses ' Is investment for the '% ments in mortgages to $19 billion {offer between 890 and 1200 Materials and labor amounted 2 'from $6 billion. square feet of floor space, $7000. This*does not include any Concentration Dangerous Each home has a service porch, Profit or the wear and tear on ,. i two-car garage, stainless stee] equipment used in construction. i Concentration of property sinks, garbage disposals and When he attempted to regain '/8hts should always be resisted, hardwood floors, his investment by mortgaging the Whether it be in private Hands,
human rights depend,” according
He told a large audience of real i (the Hotel Astor Friday that “few
; people are willing to die in de- P fense of a boarding house,” hut re Cc e
; “ |“men will work and fight for
ance has diffused the ownership!
Men Fight for Home, Speaker Tells Realtors
A strong self-reliant nation is undue amount of property, and possible only if it is recognized that “the right to own property hands of the state. Many other is one of the most fundamentalicountries that have gone down of all human rights . . . the basic|that road, have found, to their
therefore undue power, in the
risorrow, that such a state has tyrannized the very public it 1s: f|supposed to represent,” Mr. Daw
the Mutual Life Insurance Co. of son warned,
‘Big Year
NEW YORK, Mar. 15-Bulld-
| Consequently, he asserted that ers are headed for another big “two of the country's greatest | needs are to diffuse the ownership
year, according to a cdpyrighted’ national survey in the current is-
’
and to give a greater number of|%ue Of Business Week magazine. D A : people a personal stake in our For the first time in years, homes FOR HOUSING IN A HURRY it is pretty hard to beat system of free enterprise and builders report théy have no mas
terials shortage problem. During recent years Business
| Mr. Dawson warned members Week's annual coast-to-coast sur« {of the New York State Society of yey of construction’ plans Real Estate Appraisers that “a... P has nation of rent-payers, dependent lupon the largesse of the govern- cla! government estimates. ment, can never have the vitality | Last week's increase in steel
proven more accurate than offix
{limit and loosening of other re
that characterizes a nation of strictions gives the industry a
| {free hand. And 1952 will see just as many housing starts as the traffic will bear, somewhere around last year's 1,004,000 units, according to Business Week. This year will be another big housing year, the report says, If won't set any records, but it wil come close to the record-breaking past two years. The builders don't expect to fal much short of 1951's total ot 1,094,000 starts, second only te 1950's all-time peak of 1.4 mil lion. That's a lot better than the 800,000 total that Washington has been talking about earlier. With total starts for January and February, the two coldest months,
" a a house the best offer he receiveq Which was the threat in the 1890s; rusting at least 145000 units,
BUT IT TOOK money to do "WAS8.a loan of $4000 at an interest °F In government hands, as is this. Most of it came from the "21 Of 5! per cent. This was the threat of the 1950s, Whether
$8.8 million has been spent for His question of me is: “How Private hands, concentration of land and more than $100 million °20 1 possibly rent this house for Property ownership can easily
for honses. less than $45 and keep from los- 1®ad to abuses and enslavement Indianapolis needs Housing ing money? of the individual,” he said. about 20.000 Boies hii The answer, of course, is ob- FOr this reason, I view with é , 20, 34 ders 4 , 8 vious an’ mistrust the e 8 estimate. And the city needs fi. vious, He can't. xpansion of public
Stimats City | He can't even break even at a NOusing, the movement for soRAS Io a roving slum gf 5 per month rental on the Called public ownership of utiliAnd, fortunately, Indianapolis is the home office for 50 insur- Cheek of Tan ance companies (count ’em). rs . nee What about it, boys? Interested “GIL CARTER, mustachioed in financing a growing city's con- North Side Realtor, this week » ¥ tinued growth? returned to Indianapolis and his I'd like to know. So would sev- Tealty business after three
authorities to perform other private functions.
eral thousand people who would Months of vacation in Phoenix, like to buy a new home. So Ariz, and La Jolla, Cal. would another several thousand Sunburned just about every- . people living. in sub-standard Where, except on his upper lip,
dwellings because sufficient credit Mr. Carter is ready for the usual to repair these buildings cannot sprigtime demands of house be ohtained hunters, It's a big question. It'll take a big angwer
Chemical Helps | X Marks the Spot X-Ray Gall Bladder |
Regulation X marks the zpof Tal By Science Service where the low cost home buyer BALTIMORE, Mar. 15—A new used to be. He's the little man chemical for making gallbladders who ian't there. visible in X-ray pictures has heen! The Housing and Home Finance giving good results in preliminary Agency announced recently that trials at the Johns Hopkins Hosthe middle income families, those pital here. seeking to buy a home costing The compound containg about between $6000 and $10,000, have 67 per cent by weight of iodine heen the hardest hit by the down- and like others used for this purpayment Fegulation, pose, it is taken by mouth. | The realtors and home builders When tried on 100 patients, it have heen shouting that “loudly enabled the doctor to see the gall-
* WINDSOR VILLAGE—Mai.
for the past vear. So has the bladder in 93. It was 35 per cent owner of this attractive cedar shake bungalow at 6237 E.
public, more opaque than other materials St. The five-room home was sold
v. . 7 : J re -
4
vested in the state, or In a few]
property. ties, and the creation of public!
“All these things can vest an|
Willis, Inc. The home has radiant heat,
builders are already well on their way to a 1-million total. The lid, and the thing that holds them down, is not a shortage of materials, but financing. Builders say they could build any number of homes, but they aren't the least bit sure that they could sell more than 1 million. Regulation X is the bottleneck. Looking ahead, builders feel there's a better than even chance that the government may relax its credit controls, particularly if business gets to the point where new houses go begging.
W. W. Colglazier is the. n
for Charles R. Drane by EB 2