The Indianapolis Star from Indianapolis, Indiana • Page 31

BUSINESS FARM NEWS ALTOS REAL ESTATE Tot? 1 iilJL Indianapolis Section 3 Want Ack rapes MP. SUNDAY MORNING, NOVF.MRKR 21. 19M Star Behind The Wheel llnsinrs And Induslrv McDaniel Will Hold Odch House This Week At New Lu-Re-Co Home GM. To Celebrate Car In Ceremonies Tuesday By CLEO KERN, Auto Editor General Motors will establish a production record unequalled in the automotive industry Tuesday when a Chevrolet rolls off a production line in Flint, Mich. The car will be the unit built by GM and will be the signal for GM celebrations in Indianapolis and Turkeys Plentiful, Thanksgiving Dinner Costs Will Be Less By DON (I.

CAMPRhl.L Business F.litor You'll be Rlad to hear that the Melrasris Rallopavo have been buSy as a all year. The result of all this will show up in exactly four days; when the head of the household after chopping valiantly for a half an hour will serve up larger, and cheaper, slices of turkey (Meleagris pallopavo) than have been seen in these parts for many a day. i LJ LJ large screen television. The pick-up will be from the huge IMA Auditorium at Flint, Where GM President Harlow H. Curtice will speak.

In addition to the luncheon and television program, the Indianapolis celebration will include open house at both Chev mins. About month before market time any time up to a ear after they wer hatched the ThRnkgivlng bound turkey Is fattened with diet of yellow corn. Until the mid-1950s the consuming idea behind the commercial raising of turkeys was to encourage bigger, bigger and bigger birds. At about that time, however, it became obvious to the breeders that they were missing a huge market small Jvo Vth2 Vh'v 1 i ot 2605 Villa Avenue will be open for inspection today from noon until 7 p.m. First home to be built in Marion County under the new lu-Re-Co panel syitem, this three-bedroom, contemporary home A new three-bedroom con temporary home, the first to be built in the Indianapolis area under a recently developed pre-assembled panel system, will make its debut today at 2605 Villa Avenue.

Aimed at helping local lumber dealej-s throughout the country meet the stilf competition of prefab companies, the panel system, dubbed I.u-Re-Co. was perfected by the Small Homes Council of the University of Illinois under a grant from the Lumber Dealers Research Council. It a system by which lumber dealers can pre-cut and pre-assemble 4-by-H-foot wall panels, trunes, In their own yards, reducing both cost and labor at the building site. Although a few dealers are selling the panels individually, most firms have worked out a "package" deal for the entire home. The house to be introduced today was built by J.

A. McDaniel Company, with panels and other material supplied by Wright-Bachman, 1501 Kentucky Avenue. It will be open from noon until 7 p.m. each day through next Sunday. (-DANIEL IS so enthusias tic about the I.u-Re-Co homes that he plans to build 59 more in his Villa Park Addition just west of the Sarah Shank Golf Course.

They will be priced from $12,400 to $14,000 and will be available under either FHA or G.I. loans. Qualified veterans may buy for as little as $600 dow payment, the builder said. Merle Fickert, Wright-Bach man sales manager, expiainea that National Plan Service has worked out five basic plans for Lu-Re-Co homes, each with four different exterior designs. Contemporary styling is empha sized.

Each of the five plans include three bedrooms and either a garage or carport. The houses may be built with or without base ments and the choice of exterior finish, interior walls and other items is up to the builder. BECAUSE OF the versatility of the paneling system, many builders in other parts of the country have used variations of the five basic designs or have worked out completely new designs. However, the basic plans were carefully prepared and have been hailed by both customers and builders as "a lot of house for the money." Fickert said that Wright-Bachman has all five plans available and a complete financing program has been developed for customers. A family can select the plan it likes best, and the firm will ar- Wright-Bachman Inc.

lumber yard by (left to right) Carl E. lea, Russell Hart-man and Charles E. Teague. (Star Photo) A typical 8 by 4-foot wall panel used in the newly developed lu-Re-Co system of home building is assembled at the With turkey supplier running nearly 5.1 per cent greater than last year local prlres are found to average between and 10 rents a pound les than the going rate Ust Currently, according to United State Uepartment of A rl culture figures, there are about 6 1. 000, 0H0 running about the country In (ay abandon, little usHMtlng what mid-week will bring.

Although there seems to be little middle ground as far as the taste for turkey is con cerned you either love the stuff or would pieier a grilled cheese sandwich instead -it is very appropriate that this noble, but ugly, bird stands a tynibol of Thanksgiving Day. the Pil grim fathers and the whole lounding of our country. AS FAR AS can be deter- mined the turkey is a teal Yan kee Doodle Dandy- a 100 per cent American bird that was scatching around these parts for coin long before the first Pilgrim stepped ashore, nudged his companion, and whispered: "What in the name of heaven is yon strange bird?" Although the Indians had half-heaitedlv domesticated tur keys it was America's new set tiers who really capitalized on the knowledge that it is easier to grow a tame bird than chase a wild one all over the forest The first recorded incident ot a load of turkeys being e.or!cd from America was in 1498 when a flock of them turned up in Spain. FROM Til BF.GINNING, then, the breeding and raising of turkeys has been a substantial commercial enterprise here. Ranging in size up to 40 pounds they, naturally, present certain problems of raging and feeding that aren't found in the domes tication of chickens.

Inclined, at times, to be ill-tempered, the turkey also eats like a horse. While most, of Its diet Is the same as the teed given to chickens the larger birds on slightly more complicated supplement of high protein food, fiber and vita- 4i -St'-' Campbell turkeys 1 64 other cities. The statistics behind the vent are more than interesting. For examplethe initial G.M. car was a 190fc Cadillac limou- and it marked the first time that parts were inter- changable with other Cadillacs in that series.

The 1908 Cadillac had tour y. 1 i dors, rie-v 1 25 horsepower, had a top speed of about 50 miles per hour and a wood body. And its price in "labor hours" was 15,700." The latter represents the delivered at the -factory price converted from dollars into hours of factory labor based on average rates of factory pay for 1908. IV CONTRAST to the first CM. car is the 1955 Chevrolet Bel Air sports coupe which becomes the unit Tuesday.

It will have a V-8 engine of 162 horsepower; an all-steel body and such modern equipment as tubeless tires, Powerglide transmission and many optionals such as power steering, power seat adjustment, power window lifts and power brakes. The cost of the 1935 Chevrolet is "1.000 hours." A break down of the production records shows that Chevrolet (trucks and cars) has produced 29,369,997 units or 58.7 per cent of the 50,000,000 the Buick Division with units. Second in line is 286 units, or 13.3 per cent. Pontiac has to its credit 5.680,-714 units, or 11.4 per cent; Olds-mobile, 4,512,911 units, 9 per rent; Cadillac, 1,492,164, 3 per cent; GMC Truck and Coach, 1,196,749 units, 2.4 per cent, and miscellaneous, 74,179, .2 per cent. THE BUICK total includes Marquette; Pontiac includes Oakland: Oldsmobile includes Vikinc: Cadillac includes La- Salle, and the miscellaneous classification includes Carter-car, Elmore, Randolph, Welch, Scripps-Booth and Sheridan pas senger cars, and special GM overseas trucks assembled in this country, and Samson trucks and tractors.

The first 1,000,000 cars were produced in 10 years, four months and two weeks; the 5 seven years, three months later; three years, one month; five years, four months; 000th, two years, 11 months, three weeks; two years, three months, thret weeks; seven years, eight months in a period cover ing World War 11; two years, one month and two weeks; one year, 11 months and three weeks; 50, 000.000th one year, seven months and one week. Back to the Indianapolis GM celebration Tuesday. Starting activities will be a luncheon at 11:45 o'clock in the Indianapolis Athletic Club where business, civic and government leaders will meet to witness a closed circuit television E. B. NEWILL, general man acer of the Allison Division and vice-president of General Motors Corporation, will be in charge.

The local program will be brief and will consist only of a few remarks by Mayor Alex M. Clark. The closed circuit television program will begin at 1 o'clock and will be witnessed here on Kern rolet-Indianapolis Division plant at 340 White River Parkway West Drive, South, and Allison Plant No. 3, in Speedway City Ol'EX HOUSE at both divi sion. plants will be from 1 to 9 p.m.

Tuesday and special tours have been arranged. At Chevrolet-Indianapolis an array of 1955 Chevrolet passenger cars and trucks will be shown. All GM passenger cars will be displayed at Allison. Indianapolis Chevrolet deal ers will show old painted rep- ica of the history-making Bel Air sports coupe throughout the week. Stockholders Will Vote On Bank Merger American Fletcher National Banji and Trust Company was proposed last week as the name of the new financial institution expected to emerge with consolidation of the American Na tional Bank and the Fletcher Trust Company.

Shareholders will vote on the consolidation at special meetings on Dec. 8, according to letters mailed to shareholders of the two institutions. If approved, the consolidation will become effective at the close of business Dec. St. Elmer W.

Stout was proposed as chairman of the board of the new bank and Evans Woollen Jr. as president. William B. Schiltges has been nominated as vice-chairman of the board and chairman of the executive committee and Harold S. Cross and Norman Metzger as senior vice-presidents.

Preliminary approval of the agreement of consolidation was given Nov. 8 by the comptroller of the currency, the letters to stockholders reported. TOTAL RESOURCES of $305,000,000 and total capital structures of approximately $15,000,000 were shown for the two banks in their October statements. The consolidation agreement provides that shareholders will have equal interests in the new bank, which will issue 400,000 shares of stock of $10 par value. American National Bank shareholders will receive one hare In the new bank for each $10 par share now owned.

Fletcher Trust Company shareholders will get two shares in the new Institution for each $20 share now held. There will be no liability for Federal income tax to either of the merging banks or to their shareholders because of the consolidation, according to a ruling of the commissioner of internal revenue reported to shareholders. If the consolidation is approved, both downtown offices of the two banks will remain in operation. The Fletcher Trust Company's 13 branches and the American National Bank's two branch offices also will stay open. i used in building a Lu-Rc-Co home, Fickert emphasized.

Figured on a square-foot, basis, builders have found they can save as much as 12 per cent in costs with the new system. McDaniel," one of the builders who is puurchasing the Lu-Re-Co "package" and erecting the homes on a speculative basis, plans to put up 21 more homes in addition to the model in the first section of Villa Park Addition. The remaining 38 homes in the development will be started next spring. IV the house plan he has chosen are three bedrooms, a 12 by 18-foot: liv-ing room, large kitchen, bath and carport or garage with breezeway. All homes will have hardwood floors.

vertical paneling ann meuium-sizen lamuies nn could eat for a solid month on some of the monsters being grown. USING THE poultryman't rule of thumb of one-half pound of bird for each diner it stands reason thta the market for 30-pound turkeys is somewhat mited. This led to the develop. ment of smaller strains of the bird an experimentation that had as its goal the development of a turkey that would weighout at about 12 to 14 pounds. This weight, the U.S.

Department of Agriculture felt, was the family preference at that time. Since then the emphasis has been more and mure on this "custom growing" of turkeja and al present it Is possible to buy Just about any sire bird that you want. I'our-to-U-poimd turkeys are available fur small families and another strain lilts the scale at from i to nine pounds. Hens of the conventional breeds average about 10 in 16 pounds and heavy Toms weighing anywhere from IS to 85 pounds are, of course, still favored by many shop, pert. The modern family preference in hirds, according to recent studies, has slipped from the 12-tn-lt-pound turkey to the 10-to-12-pound bird.

Heavy, medium heavy or light, It doesn't make much difference to the turkey an ax Is an ax. Logan To Speak Floyd Logan, director of public relations for Kingan will discuss "Industry's Place in the Community" tomorrow noon at the November meeting of the Indiana Industrial Editors' Association in the Hotel Warren. Logan was formerly on the editorial staff of the Fort Wayne News-Sentttiel. Vojles In HusinoH Formation of the new Voylr-s Equipment and Engineering Company at 2258 North Meridian Street was announced here yesterday by Richard Voyles. Voyles, a mechanical engineering graduate of Purdue University and a graduate of De I'auw Uplverity, enters the field after" 12 years of experience In technical and administrative engineering and two years of shIcs engineering of material handling equipment.

50th War Starts The golden anniversary year of the Indianapolis Life Insurance Company began here last week with insurance-in-force totaling $300,000,000. The figure is nearly 1.000 times the insrance that the firm had in force at the end of its first year in business in 1905. Its offices are located at 20 North Meridian Street. Office Moves General Investments Company announced yesterday its move from 1433 North Meridian Street to 4173 Guilford Avenue. will be featured on the outside with either brick or stone fronts, McDaniel said.

lot itl.e "III be R0 by 100 feci. The addition whs annexed by Indianapolis last week and nil lots will hae city utilities. A concrete street is being built through the development and there will be no through tralfie. McDaniel explained. Other Indianapolis area deafer who are handling the Lu- Re-Co homes are Burnct-Bin ford Lumber Company, 1401 West 30th Street; Irvington Supply Company, 5529 Last Bonna Avenue; Midland Build ing Industries 907 Fast Michigan Street, and Prilehard Lumber Company, 411 South Hitter Avenue.

or, II lll-l nUix. Essig Names T. O. Eiving Agency General Manager. Kit 4 range with a builder to construct the house.

If the customer wants to do some of the finishing work himself, he can have just the "shell" of the house erected by the builder, Fickert said. Prices of the different. I.u-Re-Co homes, figured on the basis of an average-priced lot, will range between $12,400 and the lumber company official stated. WRIGHT-BACH MAX has set up a new department for cutting and assembling Lu-Re-Co panels at the firm's Indianapo-lis Stockyards location. Using these panels and pre-cut parts, a builder can get a house under roof in one day.

In spite of the speed, conventional construction methods are Appointment of T. O. Ewing as general manager of Essig Motors 2441 West 16th Street, was announced yesterday by Fmil W. Essig, president of the Oldsmobile dealership, Ewing is widely known In city and state automotive circles, having been in the business from a factory angle and retail sales for 25 years. For a number of years he was district sales representative in the Indiana area for one of the Big Three and later lejt that post to become sales manager of a local dealership.

Among his first duties In the new post is introduction of the 1955 line of Oldsmobiles and Essig Motors has a complete line on display. Soulhsiders List 24 Sales For $250,192 aj ot the Associated Southsiders numbered 24 last week with a total value of $250,192, Chairman Floyd V. McClanahan reported. The sales: Pennington Realty Company 7474 Madison Avenue; 2621 Allen Avenue represented buver): 120 acres in Boone County; 2301 Cameron Street; 145 acres in Parke County. O.

L. Starks Co. Lot 24 In Melbourne Heights; 430 10th Avenue, Beech Grove; SI 57 South Rural Street. Fred G. Howell 847 Buchanan Street; 10 acres on Ind.

135; IM 52 in Perry Manor Addition. FLOYD McCLAXAHAX 1341 Barth Avenue; lot at 2723 Stuart Street. Merrick Realty Company Two lots on Banta Road; 46 West Dudley Avenue; 730 Brunswick Avenue; 6661 Lock wood Ijine, Simpson A West Sumner Avenue; 3544 Mt. Ver non Place; 156 Monticello Drive; 709 North Livingston Street; 116 West Sumner Ave nue; 1401 Orange Street (cooperating broker, Pennington Realty Company). I ML I T.

O. EWI.NQ was sold the first time it was advertised in The Indianapolis Star, located on a corner lot, the home includes a living room with fireplace, dining room, tile bath, full basement and garage. (Star Photo) SEXTON SALE-Mr. and Mrs. Freddie Johnson are the new owners of this two-bedroom bungalow at 1938 North Holmes Avenue.

They purchased the home from Emmett I. Andrews ond W. lawrence Sexton through the Sexton Real Estate Agency. Sexton said the property SS pr" Realty Firm 1 Jsls 15 Properly Sales Totaling $250,000 Three sales which totaled more than $250,000 have been made in one month by the Pennington Realty Company, 2724 Madison Avenue, ccording to James Pennington, a partner in the firm. Pennington pointed out that these three big sales were in addition to the sale of a number of homes and other smaller properties.

A 60-acre tract along North Kessler Boulevard was sold to Frosch Brothers Inc. for a new housing development. Mrs. Ber-nice Batchelor of the Pennington company was the broker in this transaction. Other property sold included a seven-acre tract in the 2700 block of Madison Avenue to a Chicago firm for commercial purposM.

and a lot in the 2800 block of Madison Avenue to A. R. MeComb as a site lor a new drive-in restaurant the F. M. Knight Realty Company handled the sale.

The house has two bedrooms, full basement, gas heat and a two-car garage. (Star Photo) SOLD BY KNIGHT AIDE-Mr. and Mrs. lit-lis H. Bercher have purchased this brick bungalow at 310 Blue Ridge Road from Mr.

and Mn. Bert R. Mull. Lee Huey cf COLONIAL HOME SOLD American Estates Inc. handlsd the salt of this brick colonial home et 7885 Spring Mill Road for Mr.

end Mn. Frank S. O'Nail. It wot purchased by Mr. and Mrs.

Frederick G. lorenz. The house hat four bedrooms, two baths and a three-car garage. (Star Photo) i.