Indianapolis Times, Indianapolis, Marion County, 30 March 1952 — Page 41

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~samfw | The Indianapolis Times |g Real Estate ete ere - nat MARCH 30, 1052 — F308 W Io Teer 438

ay «Business FHA

Sales Puffing vi core oni qt North Siders Up Spring Hil Sales Largest

A By Harold Hartley

SALES FIGURES are trying to get out of bed. aut Jf the Year

.they don’t want to fall out. They want to get on their feet, * and get going. ; : : In the stores sales are pulling up, but still running

“Tod Er )

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The Associated North Side | Realtors last week reported their greatest number of sales and {their second best total value for| cent, AND I CAN SEE WHY. They a week's activity this year. Furniture is slow, except in are pushed for production levels. Transactions numbered 65 and! lower price levels. And the moth- And production to them is some- totaled $975,600; Chairman Guy ers are bringing ‘their children thing they do with their hands. |Bovd said. down for Easter outfits, That The bosses often don’t do much The sales: helps. of this. Their work is more on) American Estates—2275 Wynn- |’

nw =u the “think and talk” level. ‘ BUYERS are bargain minded.. Now, who gets the worst dl Ave, 2126 N. Meridian St.| They'll shoot $300 on furniture 243-5 W. 31st St, tract 4 Williams |

Squeeze? at a special sale, but they won't “| have an idea I'm going to Creek Hills, T7475 Pennsylvania touch a regular quality item for

hear from some of the bosses St. 345 Buckingham Dr., 6910 N. $300. They want markdowns, about this, {Pennsylvania : St, co-operating

Actually department store sales, broker F. C. Tucker Co. | KIT KI¥ : EE Mark Down Hazard- Rake Reatty Co aeioit Caroclil 1 200M. [2I0000M 1. (rViNg, - ; LIVING each, wit ers APNG pet non in Hue Week You ON fcajerg are ke line Ave., 4434 Primrose Ave., 1st DINING 1 | ___JoINING Sewer mains have heen installed before they gained 16 per cent, coming down, they buy thin. (house east of College Ave, south ® RE . and work is now progressing on ees ee 0 A 2 wn = And that can be responsible for Side’'of_ 106th St, 3535.8. 2th U Mey the Project Youls aig Jerking : CARPETS are moving along backing up sets on the manu-|-" Sl CT areas—enough for 100 per centi ...,.,qo Mar. 29—The preswith Spring housecleaning. And facturer. , Margaret Evars Co.—4624 Nor- ec. offstreet parking. Construction {dent of Prefabricated Home the family which has been trying: If the dealer is caught with his Waldo Ave. 3538 Winthrop Ave. Il " of the hulldings is expected lo Manufacturers’ Institute warned to stretch an old one through the back room loaded, and a cut in 523 Berkley Rd., 5420 N., New: ® ORESS R - : start about June 1. {that the goal of the 1952 housing winter is now doing - something prices, he gets pretty sick, (Jersey St., 5119 Broadway, 5217 = 120 Feet Floor Area iprogram, which is 800,000 about it. Prices have broken a sn on IN. Illinois St., co-operating brok- DINING > 1 DINING The apartments will each offer «garte” will not be attained unlittle, too. . : DEALERS do best when they er F. C. Tucker Co. 8416 Broad- ! KI? . > Er about 720 square feet of floor ass adequate financing is proThursday shopping is creeping know prices are firm. And that, way, co-operating broker The 1 BEDROOM [BEDROOM LIVING EH vive BEDROOM | BEDROOM Fi ypace—which 1s equal to about yiqed for loans on defense homes up on Saturday figures. The night I think, is why Magnavox has Spann Co. Inc. 5852 Broadway, u 800 square feet in the average|,.q government-supported mort shopping has put Thursday with- guaranteed there will be -no price 360 W. 62d St. home. gages. in 10 to 20 per cent; depending on cuts for 90 days. . Robert Walker—4806 N. Capitol mn cman Sy ws a | Each apartment includes two = john ©, Taylor Jr., who is also weather, of Saturday's register 1t takes about 90 days for a Ave. |bedrooms, a combination living- president of . American Houses, readings. . 2 8 dealer to turn his stock. And| Harry 1. Robbins Realty Cour * } dining area, kitchen and bath. Inc., New York, N. Y., issued the THURSDAY NIGHT buying What Magnavox is doing is to Part of Lot 42 North Meridian The kitchen will include a range, warning in an address before the . give dealers “mark dowr insure refrigerator, sink and base and opening session of PHMI at the has uncovered a new market. / | Hills. TYPICAL FLOOR PLAN wall cabinets a. Men's suits -are selling. Men go ance.” . Bismarck Hotel here.

od Waited

For 286

Planned by L. & L. Co.

Now awaiting the FHA go-ahead nod are 286 two-

tract north of the Meadowbrook Apartments by the L. & L.

Construction Co. The-project will cost “an, esti mated $2.75 million, the firm disclosed. Still in the planning stage is a multi-million dollar, 50-acre commercial development for the site, project engineer George Ginger,

hafgnot yet been selected, the contractors said, Engineers are currently attempting to design a more satisfactory soundproofing method of construction. The project was designed for I. Construction by Paul

said. It will include a large de- ers. partment store and numerous Cripe. Inc, designing engineers: shops, . When completed it will be| Interior decorations

ture the latest wallpapers and

{second in size to only the qown-| = rently popular fabric wall cove

town Indianapolis business sec- i tion, he said. y {erings, Of brick veneer construction,

the 26-apartment buildings planned will all be 21; stories and’ [e- 1 ai ’ each will include 11 complete }

Uptown Realty Co.—Lots 6 and| 21 Woodside. Wayne Whiffing Co. — 2730! Taft St, residence at Bargers-| ville, |

I think they’ll like it,

Mildew Will Do

downtown with their wives, And while they're downtown, a good many say: “I might as well get debe pn J my suit now.” Wives go along. WHEN A HOUSE begins to Husbands trust their judgment as !00k dull and dirty, we blame | to color and fit. It makes sales Smoke and the dust. { Fieber & Reilly — 3515 Oxford, easier. : | But a study brings another St. 3611 Drexel Ave. 4350 Guil-

“paint enemy” into the picture, ford Ave. Payrolls Steady one I have never given much Fred T. Hill 3967 Guilford Ave.

WORK IN THIS neck of the thought to. | Haynes Resity : Service—425. woods is fairly good. But there It is mildew. In 68 per cent of E, 43d St. | are spots where it is weak.. the homes tested in all parts of Willi o : | The trouble has been the the country, it was mildew, and {4p Ny iam 371 Washing ew

spotty defense program. It has not smoke and dust, which did made work bulges, and sinking the dirty work.

J. & L. Realty—3109, 3113,

FLOOR PLAN--Esch of the 26 buildings offer || apartments,

Real Estate—

Rents, including all utilities,| «1 pelieve the conventionally fiwill be about $100 per month. nanced houses in 1952 will exceed | However, most of the apartments the same total for 1951,” he said.;

| (all but 44) are being built under (“Defense housing will increase Jack Carr Moves the defense housing program. aver 1951, but ug nearly enough

To Larger Offices This means they must first bets overcome the decrease in busiBecause of expanding real es- offered to employees of theipegs in the regular VA and FHA tate activity the North Side] Naval Ordnance plant, the Army housing and a probable substanhranch of Jack C. Carr, Inc. has| Finance Center, or the Allison tia] decrease in public housing.”

Costs, ‘been moved to larger offices at Plants. If, after 60 days there xe told the meeting: [120 E. 49th St, firm president/are no takers, anyone may rent| . “The mortgage picture as of to-

1 Guy Boyd Jr. announced this them. day does not look good. et 0 S | week. Automatic Laundry provision has been made to speed | The office will again feature the| All buildings will have gas up defense housing in certain large photograph listing display fired, if possible, hot water base- areas, but in general the program

spots. Indianapolis is in the wa : 3119, 3123, 3125, 3129, 3135, 3145, \of homes for sale. (board heating, aluminum win-iis lagging, particularly since middle, not up too high, or down SO HOUSES ought to oe painted 3149 N. Adams St., 3062 and 3058| By DON TEVERBAUGH | The North Side branch office dows, storage lockers, and anifunds of the National Federal too low. dry, after a couple of hot days in Stuart St. ovr. Times Real Estate Editor . is directed by manager William automatic laundry room in the Mortgage Association are no Office workers and skilled labor the sun. Then there are paints] Fash Cash—2 Lots on Carvel ONE GOOD THING about the current high cost of Boyq and the sales staff includes basement. longer available on a pre-commit-are still hard to find. [Vik added ingredients which!south of 59th St. home building—it is producing new methods and new tha. {Walter Stone, L. Noone, ole; Bone Snuriment nits an ox met ass, Au ig Sather generalfight mildew. *, C. ker Co.—262 : ; iA. : . _ Shaul, Roy Sims and Robert Han- > program Good, and Bad ‘Her’ Week [51 aucker Go 20% E. 37th terials. And most of these are less expensive and improve- jo, by Oct. 1." The others will belfor defense housing is to move

IT IS THE automobile deal-| ° “ a Walt V 3 ers who have to live with both! THEY'RE finally doing Some) Av al eon Co.—6021 Winthrop When we learn how best to use sides of the picture. /thing for the girls who “keep ve., lot 48 Pennridge. |these new building factors we will New cars are moving right house” for you at the office. A. H. M. Graves—2902 Broad-| inevitably produce better, more along. Sunshine and warm air| They answer the phone, writefway, co-operating broker Bruce jjyable homes. do it, that, and the planned va-|the letters, do the filing, sweeten Savage Co. The biggest cost of all in build-

cation to see a relative (no hotel UP grouchy callers, sharpen the| yorq M d a | : bills) in New England. (pencils, keep fountain pens filled,|ferson Ave 8 & Co.—420 N. Jef ing is the on-site labor, according

ments over the old.

Some dealers are crowding dis«/ change the desk calendars, dust| |to experts, and that's where the

tributors, demanding more cars. the furniture, and sometimes put Hugh Teeters Co.—7555 Edge- economy battle is pitched.

Other dealers are selling all they in new light bulbs. That's in the| Vater Dr. | Architects. have long asked. The Spann Co., Inc.—3 lots 2100 “Why build a structure of small

have, and none hidden in the office. . | r back room or basement. : wks» 'block N. Bosart Ave, | bricks when vou can build it just ’ ’ ’ ’ | ON THEIR lunch hour, they BO Joa Berger — 8614 Manderly as easily, and more economically Rush for '50’s and '51’s jlo the bank, buy gifts for their sue 1409 E. Kessler Blvd. co- of larger bricks?” BUT USED CARS are another boss wife, buy the office stamps, operating broker Hugh Teeters, For example, in the average story, still hard to sell. The ex- Pick up railroad tickets, and run co 4758 E. 64th St., co-operating brick veneer wall 6 by 10 feet a ceptions are the ’50 and '51 Personal errands. broker Gil Carter Co. 5879 In- bricklayer sets up ahout 270 conmodels. Buyers take these, figur-| Somewhere along the line, they ganglia Ave. 5872-4 Rosslyn Ave. ventional sized bricks. But if the Ing they were good cars in the Wedge up to a soda counter and yh, nay 6364-6. Guilford Ave. bricks were a foot square the “first place, and that model wash down a ham salad sandwich Jack C. Carr, Inc.—2057 La- same wall will require only 60 changes since then haven't been With a coke. : _.. . |Fayette Rd., 3644 Park Ave., 2214 bricks. The reduction of labor is foo gFear ide) Ee thei the June | fo 73s dedicat UN. New Jersey St., 4705 E. Kessler tremendous. sed cars are judged by thei Y, 15 : 1518 | : . age on the lot. Ten days is about Says of appreciation, long over- Blvd. 1538 E. Ohio 8t., 1518 Law pe frecas gE uery the night time to move a useq tue, | trail. Why use any bricks? Why

= o » Sar Fit Joost lols have plenty BUT I'LL BET most of the * ‘not make each section-a complete ay \ : , bosses won't let their secretaries unit? And that's: what they're And trucks make them throw take that week off Li up their hands. They don’t now ; . | doing,

It’s June, with warm nights

why, but trucks hang heavy in and moonlight, and singing crickthe inventory, tie up money, keep along the roadside.

used car lot owners running"T. 0 Leap Year, too

around the corner to get endless! o" ’ cups of coffee for a bracer. No boss would run that risk. | buildings containing up to four!

B fle { complete living units at the rate ‘Pressure’ Baflegob or » new nme FOF REQIOIS [of one structure per day. WHO GETS the worst squeeze? ¢ no * | Entire walls are precast with

I hear men complain of “pres- 1... thot stuff they used to| The spring session of the In- reinforced cement sandwiching

sure.” But until now, I took it as ..., « obbl ” : 14s lis Real Estate B d’s glass block insulation. Cans é 3 edegook,” which flows 41anapolis ea state Board's glas just another word. I didn’t stop 5 z ke Pus Recently in Greece 12

Now building housing units at]

| | the Great Lakes Naval Training | { ourse dine i Station under this precast sys-|

{tem, contractors are completing]

work-

Central office for the firm is lo{cated at 139 E. Market St, An from a ship's bunkers and com-| Fast Side branch office is at Sie; mon beach sand will make a 60- E. 10th St. ! |foot-wide- landing strip 6000 feet| . in length, George W, Rappleyea,

hte a0 Work Resumes on English Building

rented as soon as ready. Thei/forward to meet the need, FNMA project is expected to be com-/must be re-established -as an pleted by spring, 1953. agency for the purchase of mortThe flooring for the apartments'gages on a pre-commitment basis.”

| Twenty barrels of the compound, mixed with sand is enough [to build a mile of 18-foot highiway, he adds. | At present, Rappleyea is building a plant in New Jersey to produce about 10,000 pounds of the mix per hour. And just in case you're wondering, all sweetness and food value in the molasses is removed in the] processing. The flys and ants] won't gnaw through your wall of molasses, : Since Mr. Rappleyea's started, the price ot molasses has jumped from about 9 to 30 cents per pound.

Another Material

GEORGIA TECH has come up with another new building material. It is a substance which may be troweled over rough concrete floors or other surfaces. |

| o When it hardens it becomes [haf hy) P ad water resistant and long wearing, | ome 0 Wi ro ucing the school research department re- * ports. It sticks well to numerous [NA] + MM d | A materials including metal, glass, ovie o 0 e ouse plaster board, wood and all types While the of masonry.

a a——

ENGLISH FOUNDATION BUILD ING—Under construction again.

Construction is again in full | swing on the four-story William | English Foundation Bldg. at 61721 N. Alabama 8t. with recent approval of the National Production | Authority, With no further delays, completion is expected by spring, 1953.

Indianapolis Home of the show, Apr. 18 at 7:15 p.m.

$2.75 Million Project

bedroom walk-up apartments to be built in the 200-acre

to think what “pressure” is. Men say it is what happens when they push themselves too hard. That's what causes it, but that isn’t what it is.

EJ on n I ONCE KNEW a social worker, a graduate of Vassar. She had seen a good mang people fly apart, do all sorts of things. It was her job to find out why. She told me “pressure” was the result of men stretching themselves, pounding the work out of their tired systems, in a kind of medieval self-torture by which they hope to win the boss’ attention, and a raise.

n n n WHO HAS the most pressure? On this 1 shall not guess, because I have the cold figures. The Research America found that foremen list “pressure” as their fourth most serious problem, while

it as 13th. And that would mean to me that the foremen, and the men

Institute of]

their bosses, up one level or two, list

like thick, tasteless sirup out of Educational Course opens Apr. Washington. !

fad words do. They get an awful ucation Committee, spin for awhile, then poof—out this week. they go. And ‘‘gobbledegook’” was The eight Ses. on the ropes, gasping. +/Slons wil] be The National Lumbermen’s As- held every Mon-

sociati , “ day eyening at Saciation coined the word “baffle- the Totel from

3 8:15 to 8 p. m. new building material of molasses, 40W sills, hearths and floor «rhe Home Show is tremen- house Flang entered In the Home AND MILTON SMITH. as- They are free to He calls it Plas-mo-falt and it is Mouldings. ; dously interested in educating the’ te 5 T rchitectural Com-| sistant courisel for the 17. 8. all active mem- a mixture of plain, old-fashioned Fleld test in industial use home 1oving public about good de- pe a b his book will be ready Chamber of Commerce, defined hers of the blackstrap molasses, fuel oil, clay show it extremely tough and sign and good building practices,” or Plalrrimtion at fle SHOW. The it. 8it tight before you wade hoard. and/or sand. shock absorbing as flooring and «aid J. Frank Cantwell, show ong I paw ngs oF e 50 plans into it. : All juniors His entire workshop is made of 48 A sidewalk it showed no visihla manager, “and this movie will Hl algo he on display. “Baffiegab is a multiloquence members must tA this molasses product. He says Weathering after more than 18 ha 5 hig step in that direction.” or Tuan 200: Tugh 5 hoat and characterized by consummate attend at Jeast Mr. Duck 3 five-room house can he built of mops, 2 The (4 Film footage will be taken are expected to Eo lo ' om. interfusion of vircnmioeution 22 of the eight i the material for $1000, excluding WHat is it made of I'he Georgia daily of the model house, Special chow, Tn a 18 year's or perphasis Inscrutability, in- oo aor to become eligible for plumbing and wiring. scientists aren't talking. attention will he given the “whys” adult home demo a ti I cognizability and other famil- an active Tempersuy. $25 fee is The Maternal Ia direnroet, ig {of modern hiding, In the com. from all ay I iar manifestations of abstruse or non-members, a Hed * 18 waterproof, windproof and un- Appraisal Problem pleted film, the house will liter-

charged for the course, Mr. Duck ‘said. Non-members who are employees of board members may take the course for a $10 fee. The sessions, speakers and dates

expatiation commonly utilized for promulgations implementIng procrustean determinations by governmental bodies.”

That's bafflegab” to me, all are: right. Apr. T — “What Makes the Wheels Go Around,” T. Lorin

Hear Harold Hartley with

bh

under them feel much more pro-| “The Human Side of Business’, Dison A an 2 duction pressure than their bosses.| on WISH at 3 p. m. today. Stewart: Apr. 21- “What It's . Worth and Why,” by Walter M. Evans; Apr. 28 — “Who Buys What and Why,” by Robert E. Walker. i May 5-—-“When Is a Man's Home His Castle” by Tom

: CENTER HALL COLONIA this attractive Butler area home

Eriksen and wife, New owner is Stanley Becker, branch manager

far the White Motor Co.

°

Keller; May 12—“Put Your. Dol-| |lars to Work,” by Paul Starrett; {May 19—*“Construction and Build- | {ing,” by Robert L. Mason; Ma ? |26—“Frontiers in Real Estate, . |by K. V. Ammerman. | m———— °

> Pease to Discuss ‘Mortgage Market

| The outlook for the 1952 mort-| {gage market will be the topic of! [Robert Pease, Detroit {guest speaker of the Indianapolis eon ‘meeting Thursday at the {Washington Hotel. President of the Detroit Mortgage and Realty Co. Mr. Pease previously served as vice presi{dent and director of Draper and! Kramer, Inc.,, Chicago, and is a) recognized expert in the mri gage field,

L—Realtor Robert E. Walker sold at 4806 Capitol Ave, for Erik G.

at the Antlers Hotel, Berkley men set up a complete 50 bed hos-

Words wear out. At least, the W. Duck, chairman of the Ed- pital of prefabricated materials but it can be impregnated with is announced jp, only two months,

little fishing village on tha North May alsd be used as artificial {Carolina coast

realtor, o&

{Real Estate Board's weekly lunch- |

Its natural shade is off-white,

“This Is for Men” program with Dick Pittenger, At the close of the Home Show

the Manucameras are

taking facturers

shape at

coloring ingredients. It may be building,

k I sanded as easily as hardwood whirring to record the daily prog- the movie will be made available B ackstrap Molasses floors. ress of the building. The com- for ge by civie, cultural and eduAN INVENTOR: in a sleepy, Research has shown that it pleted movie ia ‘expected to make cafiohal groups.

Other educational projects in-

history in the residential building clude a plan book of the 50 top : p 0

has produced a 8%!0ne panels for store fronts, win- ga) in this area

tend.

The Home Show's romyfete roster of 223 house plans Ar

appetizing to termites, he says. Depending on how you mix the Jacob Bosch,” Lansing, Ill, ingredients, you come up with 8 hiiiidler a pihise}, will talk on simulated asphalt for roadways, ‘Appraisal Problems of Today" plastic-like adobe building bricks, at the monthly meeting of the Bishop, will direct the filming gay A. through 12 at or a plastic spray for covering Indianapolis Chapter. of the So-and co-ordinate activities with oC p *wope Art Gallery in interior walls or exterior stuccoed ciety of Residential Appraisers at the builder of the model house, alte,

(ally grow hefore viewer's eyes, David Meeker, liaison architect for the show and assistant to the general architect, Richard E. 1952 competition will be on dis-

walls, 6 p.m. tomorrow at the Marti- Emory Baxter of the Marion —_—_aa It is so good that Uncle Sam is nique Restaurant, Mr. Bosch is County Residential Builders, looking into it, Forty barrels of vice president of the Chicago First showing of the Home Jack Carr Sells

Plas-mo-falt mixed with fuel oil chapter of the society, Show will be on the opening night White Co a unty

ji Farm for $115,000

§ | The sale of the 238 acre Prairianra Home Farm, located in | Round Grove Twp., White County, was announced this week by Jack

{C. Carr, Inc, The price was re[ported at $115,000. | New owners of the farm are {Mr. and Mrs. Leotus Gregory, { Mooresville: prominent farm fam{ily of Morgan and Johnson Coun- | tes. The sale price netted $485 per acre for the sellers, Mr. and Mrs. L. Dewey Burham?® The farm had been in Mrs. Burham'’s family for the past 50 years. It is located on Ind, 53, eight miles south of Wolcott.)

4

t

Expansion Note | American industry spends approximately $25 billion a year for} new plants and equipment, most |of which is for increased produetive facilities.

" HOME SHOW HOUSE SOLD—The 1951 Home Show model house, built at .155 W. 73d St.,

was sold recently to Mr. and Mrs, Edgar N. Rhodes, The three-bedroom modern styled-home features a i wall and includes a fully equipped GE kitchen. The home was decorated by Ayres. Sale was made by Dee Realty Co. Lo ; he : bh. ; : : : : -

{Show 1952 “House for Moderns” over WFBM-TV on the Strauss’

om the!

the

Of Georgian styling in red brick, and Indiana limestone, the building is designed for a minimum ef maintenance, Created on the drafting boards of Burns and Burns, Architects, the building will offer a total of 91,000 square feet of floor space. |Of this amount 52,000 feet will be office space. Built in a “U” shape, the new building will house some 20 or more private welfare health agencles and will be the largest such building in the nation. Tenants Share Costs Rents will be based on maintenance costs, tenants sharing these costs on a square footage basis, Paul M. Ross, executive director of.the foundation, said. It is expected to save these agencies a total of $50,000 per year in rents, The building has amazing flex}bility, Part of the ground floor will offer four conference rooms, ranging in size from -a 12 person limit to 100 persons. The {only permanent partitions in the building are the hall walls. The architects have so designed the building that movable partitions may be set up every 10 feet. Windows, lighting, electrical and heating fixtures are installed {on this basis so that the build{ing will quickly adjust itself to [the needs of its tenants. { Servicing the building are two {fully automatic elevators, to further reduce operating costs. Cost of the construction and proper | will be about $1.5 million, [Ross said. :

Floor Coyerings To Be Exhibited

The Armstrong Cork Co. will exhibit their building and floor

covering products at an informal

meeting of the Indianapolis Pros ducers Council at 6:15 p. my Wednesday at the Athletic Club Ballroom. : 5 R. C. Stabern, director of mer chandising for the.cork firm, will be guest speaker. C.J. Woerner, president of the local council, wii . :

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