Indianapolis Times, Indianapolis, Marion County, 20 April 1952 — Page 43
rgandy strapless
anels of embroie frames shoulders. Ayres’ Meridian or.
Daily is general the Award Din. be assisted by ngo Fechtman, jeorge Mess, DeW. E, Ratcliffe, and J. L. Dare iss Helen Batche
Voters eting
Women Voters rs, husbands and eet for luncheon 1. Wednesday in e Room, Hotel
Loomis and Mrs. are in charge of ,
league members e findings of the “City-County jurvey,” one of
rojects.
ONDAY
STREET AY ER.
are Different”
.
Regularly $29-539
es: ses’ —10 fo 20 iors’=9 fo 15
syemred, the little. fellow ~ saving,| But
Section Four
The In
ianapolis Times
p— ‘Real Estate ....:...... 43-44-45 | Business. ...cuuies ners 43-44 Scale Model .....ccovnenis 4B
" Real Estate -
FAGE 43 Classified serene *srsendn 46-59
oday «Business The Buck Sits
§, Down to Rest 5 By Harold Hartley
THE DOLLAR is sitting down to rest at the side of the road, a little tired. Since the war it has been in a mad, breathless race, first to catch up on delayed buying, then to buy ahead,
and go. But the “go” hasn't all sootiirameparent “You can see the nto goods. A lot of dollars have water and worms going right noled up in banks, insurance, through,” a clerk explained. sommon stock, and some bonds. Steel rakes at $1.98 were outThe Security and Exchange selling bamboo at only 15 cents.
Jommission - rt nN 8's Fated (dast Years THIS IS a hammer-and-nail
op th dollar $13 billion strong. year, The amateur tor 191 An b i . carpe iggest savings bank in bullding an
(ndlana said its savings had been full swing, piling up at the a of about from fences, chicken coops and $750,000. ’ tr {garages to added-on rooms. And Boson |some brave men will tackle a IS THIS the answer to, “What's whole house. become of all the money?” | They save the biggest part of E ‘bond sales have tilted up- the cost. Labor. ; some. lose patience, some And big companiees are boasting|lose their courage,’and some lose about their large number of their shirts when they finally call stockholders, many of them in-in disgusted carpenters to finish flation-hedgers. the job. Safe deposit boxes have had . waiting lists since V-J Day. But Soft-Shoe Glide they are not being fattened with) POR
SUNDAY, APRIL 20, 1952 Y -»
i
president Verne 1 Reeder and show { director
Cantwell agree
Exhibits Shine At Home Show
"Best Ever," Officials | Aver; Crowds Agree
Everything new for house and household—that’s what's
displayed for you at the 27th annual Indianapolis Home Show in the Manufacturer's Building at the State F | Grounds today through next Sunday. br
The model home, as designed by po
_ Sewell J. Mathre and built by|tion. The designer is Karl Jacobs, . Emory Baxter of the Marion a Fowler attorney. He has a big : County Home .. LE 8 Builders, is truly a dream house— the last word in planning.
« {family and a small house. a The Tropic Shop is exhibiting & cocktail table with a built-in age quarium. You get fantails with your martini, but it's nice. And their rattan furniture is a favorite, too, especially for the social room,
HomeS8Show
Frank 1
Lh a
This Quarter By United Priss WASHINGTON, Apr. 19-The
Mr. Cantwell
spending bucks, Harold Connard, deputy county assessor, who certifies contents for estate taxes, reports cash findings slim. Biggest wad recently, Apr. 9, was only $2900. } Money has been rolling into insurance which is, in a way, savings with protection.
= s s DISTURBING is the fact that only the movement of money has slowed down. There's as much money as ever. Bit apparently more people think more of their money than what it will buy. And the American buck is getting its self-respect back. Business isn't bad, not even
«USED CARS had begun to feel lonesome on their lots where
they've stood hopefully through
the warming spring. Like the wallflower at the senior prom, they've waited anxiously for the nod. Now it has come. They are getting a lift from the cutback in new cars. And the lifting of the payment terms on pre-war models put punch into advertising, put vigor back into the disconsolate faces of the high-dollar ,boys, whose post-war cash harvest has been running lean. ? THE POPULAR makes are still short. But add to that the
sickish, just a little pale. | act that dealers, with factory And the dollar, resting at the PrOMPUng, are hiring salesmen,
side of the road, is beginning 2nd retaining old ones. t6 ponder tHe possibility that the| They 210 Deople wanting Street Car Named Prosperity| Car 8nd coming in to buy. When
the prospect hears the price, and may be reach { y may ching the end ‘of the the down payment, he fades
away. Then the new car sales-After-Easter Sales man has to find someone with
THE BIG “clearances” break enough money, not always easy.
tomorrow. It will be the store-| BUT WHEN Pumming rubber wide unloading of spring apparel, meets concrete,. and the travel real mark-downs. itch breaks out, cars will move. The stores are watching buy-| For in some way, even if he ing habits closely now. Easter has to hock his grandmother's was not disappointing. It was be- watch, the American will get a low last year, and they eéxpectedicar, and he'll run it far to get it. From now on into summer is away from what he’s been tied the Great Guess. to all winter, One merchant said it was hard)
oa. 3 a bo tell just where his store stood.| AND THIS year there'll be no
It was still too close to Easter. Scheming for tires. Indeed, the And he had to figure in a couple shoe is on the other foot. And of “sour weather” days last week. tire makers are thinking long
Added -to .that was the change in Easter date.
» ” # IT CANNOT be balanced out until a little later through a process of averaging out the whole
and late on how to get rid of their surpluses. Tires could come down a little, but they won't. For the makers are looking at the coming steel round of wage-and-prices rises. One tire dealer said, “Why low-
City Planners Meet Apr. 24
Times Special BALTIMORE, Apr. 19—Two
hundred professional city planners from all over the United States are erpected here Apr, 24-26 for the 35th annual meeting of the American Institute of Planners. The nation’s top city planners, directing the rebuilding of American cities, will be meeting in a particularly important session. This year critical construction materials, which have been a bottleneck to civic building since #8 1940, will be relaxed, even a steel ‘= strike will not delay the day for long, it is believed. This year’s conference will concentrate in particular on metropolitan problems of mass transportation, rebuilding downtown ' areas, regional shopping centers
» STRICTLY MODERN—This is the living room in the "House for
oy
HOME SHOW CENTERPIECE—"The House for Moderns."
Moderns.”
“in the Midwest, according to Mr, |Of steel,
and industry’s need for planning.|. Reputed to be one of the youngest professional societies, the AIP has grown, with the public recognition of America’s big city problems, into a mem-| ¥ bership of 937. x Eighty-five per cent of its members hold city planning staff positions; 5 per cent teach planning; 10 per cent are planning consultants.
Real Estate
There's a Hitch In the New Law
North Siders
Sell $372173 In Properties
spring season, But measured against 1950, instead of 1951, pre- er tire prices now, when we’d have liminary glimpses didn’t look bad.('0 Put them back up again in a The merchants know the people|™OntR:
still have money. Their problem Man in White Suit
is to find something the people will trade it for. This means new| IF YOU LIKE the impish misGuinness, the
products, better ways of living. chief of Alec They have them. Arthur Rank comedian with the Next step is to tell the people.|light touch, you'll like “Man in Look for vigorous advertising,|the White Suit.” strong competition. It's a capital and labor set-to,
It will be no year for the ten- strewn with well-earned laughs. der-hearted. It doesn’t mock either one, but
it keeps smiles on your lips, and Yard Goods once in awhile the burst br NO MATTER HOW the Amer- from 'way down deep. fcan householder feels about the He's the little guy who spun future, there’s one thing he can- your funnybone in “Lavender Hill not resist. [Mob.” And he's doing it again, That's the soft green sod of starting today at the Ritz, 34th spring under his feet with the and Illinois, in the “White Suit.” urge to get his hands in the dirt. I saw it. T liked it. He loves his fractioned acre, " pampers it in budding time with Horse Train. seed and plant food. | THE PENNSY is beginning to It is now that late winter's hook up its Derby train. dreams, and fireside ambitions,| It will take a load of horse fans take on muscle, grow blisters, out of town at 7:30 a. m. Derby and an aching back. day (May 3), daylight saving
HE'S LEARNED the ways of time. . { It will dock in Derbytown at
spring and sprays, the fertilizers, |, ,. x with the Pennsy's Billy
4-12-4, and 6-10-4 (proportions ofp charge, and whistle out
nitrogen compounds, phosphoric : os and a, how to seed Of Louisville, loaded with juleped
» fans, some richer, some orer the “bald spots” with blue grass , po v ie Seta he hasn't Bg at 8:30, back in Indianapolis at
much attention to, peat moss, 11:15 p. m.
| o ” » He has his fruit trees planned, THERE'LL BE Pullmans and
and knows where the DeITY| ach 5 eats for 400. And Billy bushes (red raspberries are tops),ip,.. ti5hed me he might even
are to go. He. likes a grape arbor, to freshen dimming boyhood 418 up a few Terrace seats (at
memories, hung with dewy _old| . blue Concords. : {can't find them. It will be a shoebox lunch
5 ” ” SEARS, ROEBUCK & CO, big|jaunt, or sandwiches out of the in this field, reports sales up 40 train butcher's basket. No diner.
per cent. | And no club car either. But
It is power mowers this year.| there'll be a flock of thermos botAnd itis the women who are look-|tles, well chilled, and well filled. ing them over. They figure if they| There always are. have to take a hand at it any- —— Heéar Harold Hartley with
way, it might as well be easier. Same goes for hose. It will be| “The Human Side of Business”
plastic, red, green and the new! on WISH at 3 p. in. today.
M. S. Phillips
Joins Partlow Co.
M. 8. Phillips; licensed realty broker, -js the newest sales staff member of the Paul Partlow Realty Co., D425 aemitnsitmette {College Ave. Mr. Partlow’ reports Mr. © Phillips will | specialize in North Side |residential property sales, as |does the firm. | Until recently ‘Mr. Phillips was a field representative and instruct-
Mr. Phillips
By DON TEVERBAUGH Times Real Estate Editor
THE FAST SHUFFLE Congress gave the capital gains law regarding home sales looked at first glance like a pat hand for the home owner. Hi
But there is a joker in the deck. Here's the way it works: Any
' lprofit you make on the sale of|mand for housing means a busi-
your home after Dec. 31, 1950, is|ness boom. tax-exempt if you apply it on the Of course it is an election year purchase of a new home within/and all must go well until Noa year of the sale. vember, The complications arise if you| But right or wrong, their cur-
. |should sell the new house for a|rent arguments don't agree with
cheaper home, or perhaps move|what they were shouting last Janinto an apartment.. uary, at the national convention In figuring your taxes on this/of home builders in Chicago. sale you must. subtract the There, they warned that housamount of profit that escaped ing starts over 800,000 would be taxes in the earlier transaction. dangerous, inflationary. There
or in accounting for the Indiana] | Busines College. He has spent {more than 20 years in this field. | | He is a member of the Real {Estate Board and has resided on
the North Side since 1929.
Real Estate Board
To Meet at Home Show,
The weekly luncheon of the Indianapolis Real Estate Board will| be held at the Home Show this| | Thursday instead of in the Wash-| {ington Hotel, Robert Walker, program chairman, announced today. A buffet will be served in front |
Even though you might sell the was not enough materials for house for less than you paid for more than 800,000 houses, they
it, you may*have a taxable gain. gaiq, id s » LET'S SAY you bought a
1851 sold it for $15,000. Within 240.000 housing starts during the a year you buy another home fOr frat three months, federal econ$19,000. lomists say that ’52 may well see Your profit of $5000 on the first|; 5 milion starts.
home is not taxable, but the cost! That would top last year's total
of your new home—for tax puny ~the second highest in history, |
poses—is not $19,000, but $19 minus $5000—or $14,000.
| But, of course, in all these new houses the federal economists see
Suppose, at a later date, you , new refrigerator, TV set, wash-| {Sherman Dr. 1253 W, Ray 8t.,
sell this last home for $17,000— ing machine, curtains, drapes,
{$2000 less than you paid for t— rugs, furniture—practically every-/| thing that might help bogst the x
and move into an apartment.
o ” ” BUT NOW, .as the nation’s home in 1940 for $10,000 and In private builders have piled up|
Twenty-seven sales, worth a total of $372,175 were reported this week by the Associated North Side Realtors, chairman Guy Boyd announced today. The sales: i American Estates Co. 5016 Primrose Ave, co-operating broker,, ¥. C. Tucker Co. F. O. Tucker Co.—4029 Euclid Ave, 5711 Oxford St. s Jack ©. Carr, Inc.—2518 E, 18th St., 3202 W. 57th St, cooperating broker, ¥. C. Tucker Co.; 1408 N. Wallace 8t., 4560 Broadway, 2108 BE. 34th 8t, cooperating broker, Walt Veon Co.; 1125-27 N. Parker Ave, 1813 N, Routiers, 2706 Bloyd Ave. 527-9 N. Gray 8t, 5215 Washington Blvd., co-operating broker, Amer. ican Estates Co. 0 p F. M, Knight Realty Co.—2129 White Ave.
Walker Ave. 3350 N, Grant St, Edgar Bro k—2874 Eugene 8t. Butterworth & Co.—3714 Hillside Ave. co-operating broker Wayne Whiffing Co. W. L. Bridges & Son, Inc.—
1915 E. 624 St, lot 36 Sylvan Estates,
Bruce Savage Co.—5627 Win-| {throp Ave., 237 Berkley Rd., 4544 N. Meridian 8t.
The Spann Co., Ine.~3100 N. 2419 E. Troy Ave.
not in use to conserve space. The|cl seats at either end are higher—{Antiers Hotel. for the kids.
this is the best show yet presented in Indian apolis, There are more than 150 exhibits included, Mr, Reeder sald. er $726 million, including 1250 “The House For Moderns”—the new ones costing over $364.96 centerpiece of the 1052 Home million. The rest are projects Show—will be the most talked under way, with work on aay about model home ever displayed deferred in past months for la
ligious and munity building projects for the April-June period as in the first quarter of the year. vy
The agency gave the go-ahead J 1509 such projects valued at
Cantwell, Diurn
a
Two of the most attractive TE , were - - ford Lumber Co. exhibit and the sasing Sn og Fig a ied by deterred. architect Fran E. Schroeder and| California Tucelving the bist iy
hibit is formed by an attractive garden wall made of cement blocks set edgeways to display the center wells. The public likes it. 3
are working. Picnic Table Glamour And there's a sumptuous picnic
table for your kitchen—especially Educational Class
the small kitchen. . They call-it{ Realtor Walter M.. will the “Chairaway.” It seats six/he the lecturer at Ee eovs and the benches are attached to/Educational class of the Indianthe table, but slide up close when|/apolis Real Estate Board.
meets at 6:15 p. m. at th
sion is “What There's a story behind its crea~ Why.”
Gregory & Appel, Inc,—3160 {Washington Hotel,
{husbands of members, members
| groups, President James Hurt an-
To Talk to Real Estate Men
One of the nation's foremost banquet speakers, Dr. Allen A. Stockdale, staff member of the National Association of Manufacturers, will be the guest speaker at the May 1 luncheon meeting of the Real Estate Board. Because of the large attendance expected, the luncheon will be held at the Columbia Club 10th floor ballroom, instead of - the
The board invites all wives and
of the Indiana Manufacturers Association, Chamber of Commerce, and other luncheon clubs and nounced. i Dr. Stockdale will speak on _ Dr, Stockdale . , , speaker
“Selling America—Your Job.” As a speaker whose reputation Dr. Stockdale has made more
ls based solidly on his ability to|than 3000 talks before hundreds
{portray the Robert Walker--7002 Park ve. {
human side of busi-|0f thousands of persons in 48
ness, Dr. Stockdale at 75 years|states and Canada. : ae y He 1s equally respected by busi.
of “The Home fof Moderns” in the cain of $3000 ($17,000 minus
{$9.15) each for the boys who/Manufacturers building before the 14,000). Under the previous law
show dpens for the day. There yoy would have had no tax lia-
will be no speaker. | bility, rather a $2000 loss for tax After lunch, realtors will tour hurposes, but of course would
the model home. have pad tax on the $5000 profit rari of the first deal. Membership Gail
at 52,000, or a net gain during
* GANTERBURY ADDITION—This three-bedroom brick contemporary bungalow with attached |
v
housing to a mere 800,000 starts . built by the Pike Realty Co. aj 1140 E. 56th St., was recently for thegbuilders, New this year, they are now shouting Se a and Mire, Loonerd H, lark, foimetly of Cleveland. agp
’
the year of 5000 new members, | Xo . ‘Housing for Gls oY) | ‘Indianapolis 1s opening it's]
| heart to the 3000 GI wives and]
» racked at Camp Atterbury. Through the efforts of Jack
{Brothers Men's Shop, more than
You will then have a taxable pregent business droopy”
| [families migrating here with the| = 31st Infantry Division,” now bar-|&#
2d |Kollinger, a partner in the Three} § 1300 listings of rooms, apartments |{¢
§ land houses have been offered to!|% 3 [these GI families within the last |}
“Na Statistics are interesting. You
can prove almost anything with Oral L. Price Sells 10 Properties
People were still murmuring] Realtor Oral L. Price reports their “I do” during 1951, but the sale of 10 properties during This new .law now allows no marriages fell about 4 per cent the period Feb. 15 through Apr. deduction for any loss on the/off the 1950 volume. And that|{15 worth a total of $79,600. " v 5330 Ohmar Ave. |0f “the human side of business lson,” Dr. Stockdale is an ardent
‘em.
‘I Do’ Volume Off
The membership goal for 1852|,,1s of a residencé. Such a pro-|means” fewer new house hunters.|
4915 Indianola Times Business. Editor. 1313 University - Ct, |5024 Riverview Dr.
|i a shrewd student of what he
‘ i bo alls “the science of human re- ness and labor. i ridii | Born in Ohio, he graduated
Speaking at a Toledo high | from Boston University School of
school graduation ceremony in| Theology and studied later at
’ {other American universities and 1919, Dr. Stockdale's words about | at Oxford, Pngland. During
the “human side of business” had | World War I he was a Red Cross a lasting effect on one graduate. |, director.
And now you read his story| youn as “the pitching pare
of the National Association of icon was discussed by Congress| -You can expect that for the 624-8 E. 16th St. 1015-7 Centrallévery day in The Times. That ,.apall fan and has many cloge Real Estate Boards has been set | ot year but no ye Bay next few years because the new|Ave., 2114 N. Talbott St. 5428|student was any families today are, in. most part, Eastridge Dr, coming from the depression era Ave. babies.
Harold Hartley, friends in the basebalt world. Before joining the NAM staff in
and| During the past dozen years 1937 he held pastorates in Boston,
10 days. Mr. Kollinger hag taken it upon himself to get these people housed and is currently running ads In| all newspapers for such housing! If you have anything to offer call Plaza 5175 and list it with Mr. Kollinger. ,
Rose-Colored Reason It's good for a laugh. | Bg I mean the tub-thumping fed-| eral chart-watchers, pulse-takers # and trend-studiers. After doing their very best to restrict private,
4 .
CANTERBURY ADDITION—This new brick and frame colonial.is the new home of Dr. J. F. Swayne, It was built at 5732 Carvel Ave. by J. B. Kittrell and sold by C. C, Harmon, realtor, The home includes three bedrooms.
as a staff speaker for the NAM, Chicago, Washington and Toledo,