Indianapolis Times, Indianapolis, Marion County, 27 July 1952 — Page 38

SPEEDWAY CITY—This attractive foyr room bungalow built

at 2012 Auburn St. was sold recently to Denver K. Ha

by Mrs.

Dorothy Franklin of the Ken Whistler Realty Co. Former owner of the two bedroom l®me was Donald Brewer.

Hog Prices Gain Sharply

~ CHICAGO, July 26 (UP) — A sharp increase in hog prices, one of “the season's best advances, punctuated activity at the livestock markets here this past week.

The sheep market was dull, even sluggish, with emphasis on the buying side. An unevenly lower dressed lamb market erased anything resembling a normal shipping demand. In the cattle pens, another week of decreased receipts, although receipts were still 15 per cent larger than a year ago, helped induce a tone of pressure. This pressure also was aided by the lower beef prices in the wholesale markets. In the hog market a top of $24 was paid sparingly late in the week and was the top price since February, 1951. Butcher hogs scaling 270 pounds continued scarce and scored the sharpest ddvance reducing the unséasonal| wide price spread. Buyers were not out for the number all week and there was) little buying for quality in the fast action of the trade. At the close a car of sorted choice Number 1 210-1b. butchers brought

$24 while most choice 180-230-|

pound averages sold from $23.5023.90. +» Cattle prices ranged lower but #pirited trade was predominant. Several loads prime 950-1375-pound steers went for $34.75-35.50, with load prime 1225-pound weights around $36. Numerous loads choice to mostly prime

Pamphlet Gives Ideas on Savings

For Builders

The first of a series of construction aid pamphlets de-

|around 1400-1600-pound beeves 1$32-34.25. The sharp hike in sheep prices produced a spirited week in that {market with all classes profiting from the advance. Choice and prime native spring lambs topped early at $30.50 with the closing top at $29.50.

Grain Trends Mixed; Losses

Ovutnumber Gains

CHICAGO, July 26 (UP)—The {grain futures market spiraled through a mixed week at the Board of Trade with no set trend and losses more in evidence than consistent gains. .

Steady of the cereals but they, too, showed only moderate signs 'of firmness. Corn ended the ses{sion more than four cents under the week ago price and rye fell about two cents. Soybeans of the July delivery closed at the OPS ceiling of $3.33 a bushel Wednesday due mainly to the franctic effort of short interests to cover their commitments. Thursday's trade showed the first real gains of the week and this strength seemed bent to continue through Friday but just about 20 minutes before the close of trading futures tumbled to post losses for the session.

8 = »

A CONTRIBUTING factor in the two-day gain was the report from Washington that the cost. of living index had taken another hike. Other influences were the settlement of the steel strike and a carrying-over period from the late rallies of Thursday.

signed to assist builders to conserve materials and to reduce!

Some traders observed that Friday's over-all decline was nat-

building costs has been issued Ural and gains were not to be

by the Division of Research, |

Housing and Home Finance Agency. ‘This. pamphlet deals with savings which may be made through the way in which plumbing fixtures are located and arranged. The publication, “Plumbing Fixture Arrangement,” may be obtained from the Superintendent of Documents, Government Printing Office, Washington 25, D. C.,

iexpected in the coming week. After extending Thursday's advance, beans backed down Friday partially on selling induced by a dowiwese reaction. in. cottonseed 0 Corn futures traded within nar[row limits the last three days of the week. The market generally lacked the support against export business but received some stimulant from the improved feeding iratio resulting from the recent ‘upturn in hog prices.

HIE on

VSN ra i

ONE LOW PRICE Includes:

+ INSTALLATION « DOOR CLOSER « STAY CHAIN + SPEAKING VENT

NO DOWN PAYMENT : 36 MONTHS TO PAY:

First Payment October Ist

————

Redwood Combination

Windows ond Doors

: sv __ THE INDIANAPOLIS TIMES

Lloyds Is Insuring

sociation for up to $100, 000, against misappropriation by any! of its active mémbers.

By ROBERT F. LOFTUS United Press Staff Correspondent CHICAGO, July 26 — A novel

scheme to insure home .buyers| against loss in cases where builders abscond with their cash| down payments is beginning to take hold around the country.

[ciation less than $7 a year for leach member, and Mr, Huggett {figures it's worth a million ‘nj

. |. The plan originated here a few public confidence and good will,

{months ago following an epidemic| He pointed out it protects the

* |of embezziements that cost would-/home buyer not only against loss

be home owners in the Chicago by embezzlement but “also in| area several hundred thousand/cases where an honest but undollars. lucky builder goes broke ana! One fast-talking promoter col-can’t produce the house. lected $87,000 in down payments| The Chicago association put thie. from a big group of veterans.|insurance plan into effect last He laid a few foundations on the March, and Mr. Huggett has been | project site to convince them he! prodding other building groups meant business, then skipped throughout the country to follow town with their cash. Another, suit. He is getting plenty of help a woman real estate operator,ifrom the National Association of! absconded with more than $30,000 Home Builders, which is beating

Integrity of Builders ey i

That insurance costs the asso-|

Wheat and oats were the most |

in down payments. Both were caught and sen-| tenced to prison, but their vic-| tims lost their money, in some cases representing their life savings, and the entire home building business got a black eye. artin C. Huggett, executive| vice president of the Chicago, Metropolitan Home Builders Association, decided ‘his organization had to do something drastic to give prospective home buyers positive assurance their cash| down payments would be protected. Crooked Fringe Hurts All None of the association's 350 members has defaulted on a down payment since the outfit was! formed 12 years ago, but the) crooked fringe operators were, hurting the whole business. Mr. Huggett came up with a, bonding scheme under which Lloyds of London insured the as-'

{einnati, Columbus and Dayton, O

'the drums for the Huggett plan! among its 25000 members all over the United States.

Plan Works Well

EAST SIDE—This reconditioned home at 315 S. Emerson Ave. Guy Whiteside of the J & L Realty Co. for owner Bertha Bedtern. The seven room home includes a half basement, two baths and is now owned by Wayne Walden.

was sold b:

SUNDAY, JULY 27, 1952

NAHB officials say the plan has worked so well in the Windy City they expect it will spread soon to ‘practically every city in the coun-|

The Pittsburgh and Northern | New Jersey Building ‘Associations already have adopted a similar insurance protection, and Mr. Huggett said he has received inquiries from more than a score]

the same. They include home building organizations in Portland, Ore., St. Louis, Oklahoma City, Lincoln, Neb., Milwaukee, Memphis, Cin-

Bridgeport, Conn., Phoenix, Den-

iver, St. Petersburg, Fla., Minne-|

apolis and Adbany, N. Y.

Industrial Shares

By United Press NEW YORK, July 26—Industrial shares paced a quiet advance on the stock market during the past week, The group set a new high for more than 22 years on Thursday while rails and utilities ap-

proached their tops for more than 20 years.

Profit-taking Friday after the

moderate declines in all the averages. Traders moved with extreme caution early in the week. Monday's sales of a mere 780,000 shares were the same as on May 19 and before that the lowest in| three years. Sales for the five! sessions totaled 519, 938 shares, a daily average of 1,023,987 shares, against 5467945 shares or a daily average of 1,093,589 a week ago. : At the close of the week, the industrial average stood at 277.71

steel strike settlement brought

In Quiet Advance

who had a one-day reign, might! move to restore the ofl flow in| Iran.

Steel shares steadily ignored the strike news in true Wall ‘Street tradition. They scored {sma gains this week. Motors moved higher on hopes of an early strike settlement restoring steel for the auto industry. Several strong spots in the utilities ° lifted. that group. Chemicals provided several good gainers. So did the rails. A long| list of special stocks moved higher in the various sessions. Activity for the week centered on a group of speculative issues. Some of the leaders like U. 8. Steel, Pennsylvania Railroad, General Motors and International Harvester and Bethlehem Steel were in the active group. Sol were such stocks as Alleghany Corp., Tricontinental, Glenn Martin, Hupp, Missouri Pacific Preferred, and Noma Electric.

up 3.81 points; rajlroad, 102.29,

The rise was predicated on an early end of the steel strike, Wall

conform with the Democratic

rect by the developments.

TERMITES

Stop Their Damage Yourself With ARAB U-DO-IT Available Now in Housewares At L. 8. Ayres & Co. 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

up 1.69 and utility, 50.20, up 0.64.| §

Street had timed this incident to) J

Convention and it was proved cor-|)

The ofl shares got a lift when|/ Iran restored her old premier, noted for his unwillingness to; J negotiate with the British. Some! selling had come into the petrol-| } eum issues on fears a new premier | bp

| LAWN or FACTORY |

Prudential’s [ry Investments

Are at New High

Mortgage loan and real estate

investments of the Prudential Insurance Co. set an all-time en {of $4 billion, June 30, M. W. Schueof other groups who. plan to 40) er, Central States manager of the|

company, announced this week.

Included in the record figure is $77 million which the firm has invested in Indiana real estate and Hoosier farm loans, he said. This figure includes $7,751,000

invested in the state during the first half of ‘this year, he added.

It covers mortgage

loans on

farms and residences, apartments, commercial and industrial buildings, and some commercial and

|industrial purchases.

With a Low-Cost REPAIR AND MODERNIZATION LOAN Check Your Payments Here {oh ” u % Advanced | Payments | Payments | Payments $100 | $ 8.77 : 300 | 26.32 $13.76 | $9.58 500 4386) 2294) 1597 700 6141 3212) 2235 1000 | 8772 4589 | 31.94 2000 | 17544 | 91.77 | 63.88 2500 | 219.30 | 114.71 | 79.85

Instalment Credit Departme

311

NO DOWN PAYMENT Lifetime Property Protection MATERIALS ONLY or COMPLETE ERECTION {| Free Estimates—Easy Terms i] IM-5013 726 RUSSELL AVE.

LIA nY EAA)

at Indianapolis

house. Complete easy-to-follow directions on label. Pint, $5.95; quart, $9.95; 14 gal, $17.95; gal. $29.95. Get yours right away at IL. 8S. Ayres & Co.

Housewares, Fifth Floor.

TAlbot

LUMBER

“Sep ERIOR Jit LLWORK

BURNET-BINFORD LUMBER CO.

ANE W. 30th, St.

ALUMINUM COVERINGS

No Down Payment Terms of Your Choice

The finest, lowest-priced patio that you can buy.

IN BEAUTIFUL COLORS

Phone CY. 0481

N. BEAUTIFUL © _» DURABLE

TILE & CABINET CoO. 2451 N. MERIDIAN

OPEN SATURDAY

FORD FENCE

LOWEST PRICES NO DOWN PAYMENT

Visit America’s finest display of fences and iron work.

Display Room 2110 N. Meridian

—

Engineering Servies Factory 6544 Winthrop Eves. BR. 1245 IR. 8663

G-A-R-A-G-E-S PAYMENT

E-Z TERMS SPECIALISTS CUSTOM

BUILT

~ SPIVEY BROS. ROOFING CO.

GA-1942

Bhar a Madison at Troy Ave.

Now, New Windows for Your Home

without tearing your house apart

* " your windows rattle, stick of let in drafts . . . if they're just plain worn and weak with age . . . here is important news for you. You can now have beautiful new windows at far less cost than you would expect.

RUSCO, world's largest window conditioners, have developed a revolutionary new type of window that can be installed quickly and easily — at qd fraction of what it would normally cost to replace your old windows. Done entirely from the outside—without disturbing your living. Millions are already in use. Get all the facts and cost estimate, without obligation.

RUSCO OF INDIANA-THE ALTUM (0.

1935 College Ave. FR-4305-6-7 Sunday and Evenings, IR-0591

BR. 5421

Stop feeding an

TORIDHEET Rotary Wal Flame Burner

for free heating survey and estimate coll

A. & B. HEATING, INC.

1165 E. 30th

WA-1563

preserve . . . decorate your stmeco home

The Thoro System Waterproofs and protects stucco finish against heavy rains, provides maximum in decorative finish. 10 pleasing colors.

*Call or write Tor free descriptive literature of Thoroseal and Quickseal ’

FREE DEMONSTRATION . ESTIMATE CATALOG

MATERIAL CO.

2200 Montoaim St. Phone==MArket 1432

SN 747) Pd —

aunt

[ —

3929 W. Washington

1110 E. 52nd ST. 105 S. DENNY ST.

300 LH

SPICKELMIER CO.

__BR-2424 IR-1192

fixtures

washer and dryer

Open for Inspection

All-electric laundry with automatic

-~ - al »

TODAY, SUNDAY July 271—1(-9 P, M.

IS ALL-ELECTRIC

“LIGHT-CONDITIONED HOME”

2802 Cadillac Drive Speedway City ds

CADILLAC]

LYNHURST DR.

WEST 16 T¥ ST.

SPL LLCS of Home

3% Me RCTS

ort,

ELUNE Comf

VERY room in this newly-completed

LOOK FOR THESE FEATURES IN THIS MODERN HOME ranch-type house has been planned Comtice Lightingiin avery room to provide the utmost in up-to-date liv. 16 foot of dor bine} lighting in the ing advantages. It is a stone-veneer with lt Soctvie kitchen spacious living room "and dining "area, Properly sized ond located lighting

fireplace and den, two bedrooms and a work-saving kitchen—with many fea.

® @ & # % ® o tures you will want in your own hoine; ®

for shadowless bathroom Give it a personal inspection— then find SUR Re drW TY New remote control wiring system with’ fro abot planning one Poy these switches thot operate. lights from Sot um us eof every entrance-woy ® modern homes for yourself.

FURTHER INFORMATION AVAILABLE AT THE HOME

Designed and Built by

K.NELSON 141

SUNDAY

Ind;

42-A North, 1 Qt ita

DELUXE STON BREN 4 30 West La which is first s Canal Just off Street. Center size bedroo bynitul iui itch R Mal eat. RE car attached

dining sp g space.

electric ome in a Son rmin A.

BRUCE SA

Circle Tower

oD. B > AT hil Arn |

oH 2 jesse yy aN avg dining rm., la 4 0 “proof ba! hy nace. Hdw drs, wiaaerh CT

roof, all new gutte: enerous all

nu .B Bast

n. Shown Barth, HU-1851 BARTH REALTY i.

clever — cute - TERMS to su yer, Firepla no base int, “aeantifull off Rd.

ust 134 WwW. 59 CALL

Bob D AMERICAN Realtors 532 Cir

ALMOST AN fully woded. limestone hom immaculate in fireplace, carpe dining rooms. bath, two be planned kitche ment, auto, oil tubs, soften breezeway, tw Drive by 4320

Joe Woodfill, HI-2863.

OPEN SENI

need Sunaer. As Ask

M. LYLT wit

OPEN |

836 _F 2D. Street oy ; gombe Add. stone LAs ting, 3 Twincarpe of closet sr ier redwood der Ri al in e ul

oleman, Ean REALTY

FOR SALE

Lge, 3-bdrm. fri Lge. 2-bedroom ull bsmt., l-car {enced lot. Beautif location, semi-subt Salle, on a very

payment. HAYNES REA “Res

“There Is a Diff GL-2223 4606 E

2-BEDROOM BRICK J Beaytirdl of Cabinets. Tile | 3500" down, 8 0 Sst west of Calre

FRED T.

owikk 18

3-Yr.-old iv Ia Fi £11 posal, of and ser

A real bar

" WALT V

6208 COLLEGE, B ~ FRAME Bl

Two room with fireplac excellent kitchen forced-air furnac all Storm a00rs i

Ber ol ol Fou 5" woons 4 MA

3781 N. OPEN A One owner hom dition, bull | 1949 rm. , Ki

F.C. TUCKEI

006 Attractive |

ive A Tecteath urchased w Pavment, 8ho arold R. D

JACK C,

139 E. Mas

EXCELLENT RAMI TOPS IN QUAL Just south of J

interior decoratin with fireplace, ti low taxes, full Bas windows. ons CHES

BI VU A. . GRAY GOOD 4308 W Bed Nev in kitch., oll ht. drs. ONLY Mr. Walter oA MITORLLL s30_W 38.E KES

Lovely 2-bedrm bungalow; large

living. Price $40, LBER

Beales: fo Res. yi 2802 W

ATTRAC, 2- ( od new cabinets. aa

nl al

oles oe - Cal DEN R

8144 SM IN > ull lovely yard com side firep .; lots add schools ioe

NICE BRICHE 7: Buy like rent. lass tile bath, | an. Side porch eat, water soft Allison's. New GIL CARTER c

4125 CLARENDC