Indianapolis Times, Indianapolis, Marion County, 8 June 1952 — Page 43

“ — Cattle, rather subduring the

and down, ve and gilts d the week Due to the closed last y somewhat

n hogs was nm the close, ther times, chofcs 180ire $21-21.50 punds going 0 pound 10.75, Sows and under y the close fOWS were weights sold

d this week factors the

e aggregate ressed mari crop lamb nbs lost 50 kK. ounds were pressure at n the week 1 accumulaprime steer essed trade

he supply of pounds was trade rehed steady High choice ound steers y $1 decline w since No-

TOR D

dagazine are haw hr a

8 tehes on Your new. It comes

gs AAAS —

FRIAR OCA AACA

- ing, modernizing kitchens, mod-|

- ~ FARRAR YEA KA ORL EFS RATT

SUNDAY, JUNE 8, 1952

Those Older Houses Are Bad Buys, Appraiser Says

is 10 to 15 per cent of the pur-|

THE INDIANAPOLIS TIMES

City Bankers Attend

28. The school, conducted by the

Many old houses, he said, are American Bankers Association, the

chase price, plus modernizing ex- now being oversold ‘at prices that will be attended this year by over Bloo

penditures, according to A. W. do not take the full less through 1000 bank . officers. Lockyer, president of the New depreciation

into account.

York Boclety of Real Estate Ap- 'pointed out that streets of dupli-| and three foreign countries will og

praisers.

cate Writing in the current Mort- years after their completion, have|

when viewed five be represented. To qualify for graduation, stu-

houses,

gage Banker Magazine, Lockyer been so artfully landscaped and dents must attend three of these rick,

said: such items as painting, decorat-!

ernizing bathrooms, plumbing and heating repairs, electrical work, new hardware and other miscellaneous items. “It does not include such items as changes in interior plan, elimination of free-standing radiators, major alterations in exterior de-| sign, installation of extra’ bathrooms, lavatories #and additional garage space. - “Even after such rehabilita-| tion, it is still an old house in an old neighborhood, subject to all undesirable influences that usually creep into these neighborhoods, | “Progress has by-passed these) neighborhoods. The new devel-| opment is taking place in the suburbs. “The automobile, express highways and a school bus service have obviated the necessity of being within walking distance of station, school and shops.” Mr. Lockyer said the people of, America want new things—new cars, new refrigerators, new tele-| vision sets, new gadgets, “We have an economy based on changing the new for the old,” |

Bond Prices Up in May

Real estate bond prices continued their upward trend during May with all classes of securities. in this investment group registering important gains.

The 40 Bond Index comprising § {

the “Amott-Baker Realty Bond Price Averages increased 0.5 per cent for the month, A similar in-| crease was registered during April. For the year to date, the! Averages show a gain ot 3.9 per cent. “The average price of $1000

"bond on May 29, 1952 was $895

as compared with $890 on Apr.! 30 and $861 at the close of 1951. In the classification by type of property the following gains were

“scored during May: Eight hotel

issues—up 0.5 per cent; eight apartment hotel issues—up 0.4 per cent; eight apartment build-| ing issues—up. 0.8 per cent and! 16 office building issues—up 0.5 per cent. | For the vear to date, the percentage changes for the same groups are as follows: Eight ho-| tel issues—up 4.2 per cent; eight]

cent; eight apartment building issues—up 3.1 per cent and 18 office building Issues—up 4.7 per, cent,

Essay Contest

The National Association of Real Estate Boards will sponsor

for the second successive year a

nation-wide essay contest for public and private high achool students. The subject again will be, “What the Bill of Rights! Means to Me.” The winner will receive a five-day trip to Washington.

[a ——————— sameneas |

® VLooR ING © WAM. MATERIALS

| 2481. MERIDIAN H1.0008

N. Keystone at 52d sees BR-5454 | Nore Branch esssnsnss BR-6863 Castleton Branch ......BR-0415

HOME SUPPLY CO.

Free Estimate, RI. 5894 236 E. New York St.

“ORUNBTAL HOR HON WORK |

RR TERMITES

Stop Their Damage Yourself With ARAB U-DO-IT Available

Now in Housewares At L. 8, Ayres'® Oo.

Protect your home against termites — do it yourself with ARAB U-DO-IT (Chlordane base). Odorless and will not harm flowers, shrubs or trees. Non-inflammable. One gallon concentrate makes 100 gallons | ‘ready-to-use termite control, and will treat the average size house. Complete easy-to-follow “directions on label. Pint, $5. $17.95.

apartment hotel ‘{ssues—2.1 per,

Pree Tan ime Radhonetbr barviee TTR are |

{repainted by owners. that even the summer sessions at Rutgers, and Reed Thompson, “This 10 to 15 per cent Includes peas-in- pod complaint disappears. ‘must complete | two years of ex-|Co.

Six Indianapolis bankers will tension work {attend the Graduate School of thesis based upon original re- | Banking at Rutgers University, search in some phase of finance. Average cost to the new owner| Lockyer wrote, “and ‘that applies New Brunswick, N. J, June 16-| 1,cal bankers who will attend of fixing up a 25-year-old house to houses.”

Forty-two Arthur C. Johnson, Peoples State northern Michigan and part of ure. He states, the District of Columbia, Bank; Felix T. McWhirter, Peo- Wisconsin, according to figures of 4 per cent;

Indiana Trust Co.; Cyril E. Tet-

Rutgers

at home and a

jin five Midwestern states, includ- lion. ing Indiana, jumped 32 per cent! Total

over March,

session are: Kenneth W.

mer,

the F. W. Dodge Corp. construe- cent;

k; Al F. Slater, State Bank; Alert tion survey. utilities, 5 per cent,

* y ° * April Home Building Up April contracts for new homes dential awards worth $64.84 mil

construction awards amounting to about ‘$168 million, |

Walt Veon Co.

Sells $409,200 In Properties

week.

a {still pending.

Showing 1 per cent gains over 3636 Lesley Ave, and H. March were contracts for public

‘at $26.1 million,

umury | rene | 4427 geo room x2" [= 9A ne CLOSET wir ~ CLO§ETS | LIVING ROOM 17108" x 11854" opp om

Beautiful 2 -bedroom homes completely mip

cluded in purchase price.

struction, to be completed. in

Daily—Afternoons and

5235 N. WINTHROP AVE.

5245 N. Winthrop

Linoleum Floor in the Kitchens, Utility Rooms and Baths Installed by

UNITED RUG & LINOLEUM

139 W. Washington St. Ll. 5313 Exterior and Interior Painting by

ROBERT ROBLING CH. 5995

Shadss and Venetian Blinds by

INDIANA SHADE

“Caprices” by Christy is a bright |

Sanders, Bill

The realty

McCord, Wayne

mel: 2401 B, Northgate St., Central Ave., 4850 Guilford Ave. [140 E. 36th St., 2122 Pamela Dr., '5773 N. Hillside Ave. 5536 N,

IN. New Jersey St.,

Residential sales by the Walt Delaware St. 4621 E. 35th St, They totaled $77.1 million in however, was 16 per cent lower Veon Co. totaled $409,200 during 4545 E. Tist St. the Indiana Trust Co. indiana, northern Illinois, Iowa. than the comparative 1951 fig- the past 60-day period, Mr, Veon| Drops included: residential, disclosed ' this nonresidential 29 per public-private works and

| Also 7924 Barlum Dr, 2510-12

5449 Winthrop

Ave, 6132 E, 25th St. 3905 Care firm sold 23 propertiés during the politon Ave., 6838 Brouse Ave. period and has 14 other sales|7218 Williams Creek Dr. 4727 N,

| Pennsylvania St., 5148 Rosslyn

¥. 75th 8t,

oan RAUVIVE

*The R.W. SIX Family is the 200th family to move into homes in HAWTHORN MANOR

HAWTHORN MANOR

“After looking into the housing situation in Indianapolis for several months, the homes being built by ABC Construction seemed to be the best value for the money. Since buying we have lived in our new home for six weeks and we are very pleased with our purchase.”

R. W. SIX

CATTLE BUYER AT SWIFT & CO. Recently transferred from Cleveland, Ohio.

Priced Under $10,000

with Youngstown Kitchens with Food

+ - ~Waste Disposer - » . » Thermopane picture” windows . . . aluminum storm = + screens) . . . forced air oil furnaces .:. side drive, landscaping. All improvements in-

21 Houses on Irvington . . . being ‘completed now " 14 Houses on Ritter . . . being completed now. 20 Houses on Hawthorn Lane . . . now under con-

July and August.

OPEN TODAY—1 TO 8:30 P. M.

Evenings

1830 N. IRVINGTON AVE.

These homes are being developed and sold by

ABC CONSTRUCTION CORP.

GL. 2248

Lumber and Millwork by ACME BUILDING MATERIALS, INC.

GL-2248

Duratile, Steel Wall Tile by

THOMPSON-DEE, INC.

1305 N.. Pennsylvania ;

PL. 5335

sash (including

FROFOSED SHOPPING CENTER S

Plumbing by

G. J. SELLMEYER IR. 5679

Drywall by

G. R. BULLOCK Greenwood, Indiana

Wiring—Residential Lighting and Fixtures

OVERBEY ELECTRIC SERVICE, INC.

SCHUSTER COAL

The Veon sales staff irictudes| |Ave,, 2108 E. 34th Bt. 4940 RossFletcher Trust and private works and utilities, feature of The Times women’s Virginia Leitz, Bob Sturm, John|lyn Ave. 6021 Indianola Ave. {178 and non-resi- pages § Sunday through Friday. |

aa Le -

Building Materials Furnished by

CONGO

RANCHIEF OIL & GAS FIRED Hi-BOY and COUNTERFLOW FURNACES

Finest heating equipment designed for ranch-type sssshomess Gloaming.hite..—me ~ SEAT fi nish blends with other utility room appliances. First choice with leading builders. | DISTRIBUTORS:

HOSMER PRODUCTS CORP.

819 Massachusetts Ave.

MEL OY AT

Hawthorn Manor Is Equipped With a

BENDIX

. automatic

Work-free Washer

The amazing new Bendix Automatic Washer ‘takes its place in your modern, efficient kitchen. No steps to climb, no special wash days.

See All This Modern Eff iciency i in : "HAWTHORN MANOR i ils

FEATURING! ® CONTINUOUS PERO

ZIP .. + vm on cold water,

BIP... conv soieh.

ZIP... cope retusa wre

drain opening. Waste is pul verized, goes down the drain! ' GARBAGE HAS BEEN BANISHED FOREVER w

HAWTHORN

FOOD WASTE DISPOSER _

COMPANY NORA ELECTRIC SUPPLY, INC. COMPANY MA. 9202 8555 Westfield Road BR. 7487 GA. 2421 Lendscaping by Roofing by Sand, Gravel, Crushed Stone by HOLMAN NURSERY L. L. BROWN STANDARD MATERIALS 5445 N. Keystone BR. 387" BL. 3988 PR. 3397 Every Home in and—