The Racine Journal-Times Sunday Bulletin from Racine, Wisconsin on July 11, 1965 · Page 26
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July 11, 1965

The Racine Journal-Times Sunday Bulletin from Racine, Wisconsin · Page 26

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Racine, Wisconsin
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Sunday, July 11, 1965
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Page 26
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RACINE SUNDAY BULLETIN Sundoy, July 11, 1965 County Sets 6 Months Record for Value of New Construction The value of new construction proposed for Racine County's unincorporated areas and the City of Racine, combined, for the first six months of 1965, is at an all time high. Valuation in the county is at $14,131,169 while the City of Racine is at $6,232,128, for a total valuation of $20,363,297. The county zoning office has issued 527 zoning permits through June compared with 449 at the same time last year, while the City of Racine has issued 560, which is 107 behind last year. Apartments a Factor Apartment building has sent county valuations skyrocketing with 31 permits for apartment buildings taken out through June compared with only one at the same time last year. Total county valuation attributable to apartment buildings through June is $7,429,000, a little more than half of the total county valuation to date. Building valuation in. Racine County's unincorporated areas reached an all-time high last year hitting the $18 mil lion figure. At this time last year, total valuation was at $9,208,153. Already $5 million over that figure, the county appears headed for another record smashing year. City High Since I960 Six months city figures put building valuation in the City of Racine at a five-year high, despite tlie fact the number of buildings permitted trails last year's six months total. In 1960, tlie half-year value reached $7,384,089. Tlie 1964 half-year total was $6.1 million. The Building Department issued 171 permits for buildings valued at $1.3 million last month, according to William V. Feest, chief building inspector. Construction of one-family homes continued to lag behind 1964. Permits were granted for 38 homes, compared with 56 in June, 1964, making the half-year total 150, compared with 188 a year ago. The value of homes approved for construction this year is $2.4 million, comparable to the last two years. Build Two Story Homes The total value of buildings approved in June was $1,321,046. In June, 1964, it was $1,434,402. Permits were also granted for four two-family units, making the half-year total in that category 26, highest in more than 10 years. Two apartment buildings were given the go sign. Eight such buildings have been approved for construction since the beginning of the year compared with 20 a year ago. The apartment buildings are a 32-unit development at 2800 Jacato Drive, constructed by Charles Hilboldt of Milwaukee, and an 18-unit structure at 1115-19 College Ave., put up by the Lawrence Brill Agency. Among other buildings approved last month was a $175,000 Greek Orthodox Church at 1335 S. Green Bay Road. EXCHANGE'S SALES TOP 1964 PACE Sales by members of the Racine Realtors Listing Exchange for the first six months of 1965 totaled $11,750,000, about 8 per cent ahead of the first half of 1964 when full-year sales set an exchange record, $21.5 million. Rell Barrett, exchange secretary, said 35 per cent of the current first-half sales were homes in the $10,000 to $15,000 range, 28 per cent in the $15,000 to $20,000 range, and 24 per cent over $20,000, About 32 per cent of the sales were "co-operative' sales, sales by one broker of property listed with another. Auto Sales Brightened Outlook in Business World During Week NEW YORK — (IS) — The average American's love affair with the automobile warmed the business picture last week. Despite talk of an economic slowdown, Americans are buying new cars at a record pace. The auto industry said dealers sold 805,000 new U.S.- made cars in June. The June figure boomed the industry's six-month sales to nearly 4.6 million cars — 14 per cent more than in the first half of 1964. Impressive Sales The month's sales were surprising as well as impressive. Car sales usually hit their peak in May, slacken in June, then drop in late summer with the approaching end of the model year. One explanation for the record June i;ate: The month marked the end of sales contests at several automobile divisions. The sales also may have reflected stockpiling by dealers of used cars as a hedge against a possible steel strike and halted new car output. GM Deliveries General Motors' Chevrolet Division said its dealers delivered 231,206 cars last month, a record. Buick's June sales were its best since 1955. June also was Ford's best month, prompting one company executive to predict 1965 would be Ford Division's "finest year." Chrysler's June sales of 126,606 cars marked a 21 per cent gain over June 1964. In Washington, government economists issued more figures indicating that federal income tax cuts have worked essentially the way the government intended. Despite last year's big tax cut, the Treasury 's total cash receipts in the fiscal year ended last month rose nearly $4 billion from the year before. Purpose of Cuts The tax cuts were aimed at increasing spending and leaving more profits to corporations for expansion. Despite lower tax rates, bulging company p r o fi t s pushed the government 's tax collections from business up $1.8 billion. The Treasury got less tax money from individuals because of the lower tax rates but all other government income rose. The nation 's steel mills apparently chalked up a production record in the first six months of 1965. Figures for the period through June 30 were not available but output through July 3 came to 71.6 million tons — a gain of 15 per cent over the same period a year ago. Deadline on Pact The threat of a steel strike has kept steel-users stockpiling. The steel industry still faces a Sept. 1 deadline in working out a new contract with the United Steelworkers Union. The National Assn. of Purchasing Agents reported a slowdown of U. S. business during June. The association blamed this on widely scattered strikes, vacation shutdov^ms and a "wait-and-see attitude that appears to be developing in some quarters." France's split with the rest of the six-nation economic union could cripple world trade. The Common Market is the world's biggest customer for goods. It spent $26.8 billion last year on imports. De Gaulle Boycott French Pres. Charles de Gaulle has ordered a boycott of Common Market activity and last week withdrew France's permanent repre sentative. The member nations have been unable to agree on trading of farm products, one of France's biggest industries. Consumers added a seasonally adjusted total of $670 million to their installment debt in May. Borrowing to buy new cars accounted for $275 million. Automobile production last week was estimated at 159 351 cars, a drop of 17 per cent from the previous week' 190,917 and 2 per cent less than the 163,113 cars turned out in the corresponding wee a year ago. Auto factories were closed last Monday for the Independence Day hoi day. LAKE GENEVA CONDOMINIUM— Ground will be broken in fall at Fontana, two blocks from the Abbey, for a $1 million condominium by three Chicago real estate developers. The five-story structure will contain 26 apartment units ranging in price from $23,900 for one-bedroom through $26,500 for two to $31,900 for three bedroom suites containing 1,500 square feet of floor space. Edward L. Holzrichter, builder and developer, said the condominium is the first for Lake Geneva and the second for Wisconsin. It will be built on the lake, on the site of what once was a camping ground for Potawatomi Indian chiefs. Fergus Lists Plans for Retail Development Plans to develop three acres of land on Hathrop Ave. to provide space for six retail stores, six offices, an automobile agency and used car lot were outlined Saturday by owner William C. Fergus, 2032 West Lawn Ave. The area, part of the old Walker.Farm, is on the east side of Lathrop between 20th and 21st Sts. It is adjacent to a retail development on Lathrop begun by Fergus in 1950. A farmhouse and garage is being razed on the property to make way for construction, Fergus said, and he is presently negotiating with potential tenants of the stores. Build for Tenants Twenty-six different types of retail business are possible there under present zoning ordinances, he said. Stores will Ije built to the tenants' specifications, Fergus indicated, and will run from 5,000 to 10,000 square feet. Each of the six offices will provide 1,000 square feet, he said. Fergus estimated construction will be in October and November and that the buildings will be ready for occupancy between January and February of 1966. Started in 1950 The present development started in 1950 houses Archery Lanes, Fergus' own Thrifty Mac, Inc., an A & P store, Blue Boy Dairy Queen, Adelman's, Jensen Piano and Organ Co., and the Magic Scissors Beauty Studio, Beginning with the hardware store and six apartments over it in 1950, Fergus completed development of this block of retail shops in about five years. Besides the Fergus Construction Co., Inc. and the hardware store, Fergus and his wife also own Fergus Realty Co. ' Plumber, 80, to Get $25 Deposited in '22 ST. LOUIS — m — Leo Roman, 80, a plumber for 56 years, has a good memory, not to mention good records. In 1922, he deposited $25 with the St. Louis County treasurer to guarantee that any excavations he made would be properly filled and that damage to ajleys or streets would be repaired. Now planning to retire, Roman presented his receipt, asking for return of the money. The treasurer's office was checked and the money was still on deposit. It is to be returned. Roman says he has made a similar request for refund of a $100 deposit he made to the City of St. Louis in 1914. AIR CONDITIONING 3.00 Rents A Car Or Truck for 2 Hours and 10 Miles MERCHANTS CARS & TRUCKS FOR RENT Speciol Rotes By DAY — WEEK — MONTH or YEARLY 1215 STATE ST. For Your Complete Air Conditioning and Refrigeration Requirements • COMMERCIAL • RESIDENTIAL • ROOM AIR CARRIER Authoriztd Deal§r BELLE CITY REFRIGERATION 1321 lllinoii Sf. 634-7765 PRINTING • IdkesiJe • Printing Compani] MItil and W»Tn§ Smith ' "* K«-5lh St. DUl 6M.4I9.1 We CarrT th* Allied Union Label JOURNAL-TIMES WANT ADS BRING RESULTS Use Underground Wiring, FHA Urges Subdividers The elimination of street- side poles and overhead wiring through underground placement of electrical and telephone wiring in new housing subdivisions is being encouraged by the Federal Housing Administration as part of a program to improve residential design. P. N. Brownstein, FHA commissioner, said developers who do not specify underground wiring in their plans must prove to FHA satisfaction that such wiring is not economically feasible for their projects. "The public in general is becoming increasingly aware of esthetics and good design and is demanding much more than mere shelter," Brownstein said. The use of FHA's "considerable influence" in the de­ velopment of better residential design is in line with President Johnson's broad plan to "upgrade our environment," Brownstein said. State Jobless Total Decreased in June MADISON —(M— Wisconsin's unemployment figure dropped to 14,100 during June, the lowest total since 1959, the State Industrial Commission said. The June total compares with 14,500 unemployed in May and 27,500 a year ago. Jobless benefits totaling $1.7 million were paid to individuals unemployed in June, compared with $2.2 million in May. June's benefit total also was lower than any June total since 1959, the state agency said. NOW available IN RACINE... Industrial Hard CHROMIUM PLATING Leo C. Ducrsten, Richard F. Foltz, Paul B. Lange and Richard C. Brodek Are Pleased to Announce That They Shall Engage in the Practice of Law Under the Style and Firm Name of DUERSTEN, FOLTZ, LANGE & BRODEK July 1, 1965 220 NINTH STREET RACINE, WISCONSIN TELEPHONE 637-7402 IDEAL for HIGH WEAR PARTS . including gears, pistons, cylinders, machine tool ways, precision screw drives, plastic molds and extrusion dies. WE SPECIALIZE IN ... • Precision plating of parts with complex typography. • Close dimensional control (.0001-.065 in.) • Job shop, production or experimental. OUR PATENTED PROCESS provides • Hardness 60-80 Rockwell "C." • Uniform coverage. FAST SERVICE W« invite inqulriei as to the application, benefitt and cost of our proceti to your product. M/fipn PLATE 2621 EATON LANE • 634-1585 'Licensed under U.S. Patentj Nos. 2824830 & 2939828 MR. INVESTOR- This is for the "Sure-Safe Portion A Samf... i /te UHKJ mepeople gei ahad Because no man can unerringly predict market shifts, cash reserves must be treated differently than speculative funds! Through our investment savings program you can eliminate risk and receive > generous earnings with regularity —frequently higher than blue chip slock dividends. If needed, these funds are close-at-hand and always "worth par"! Your funds invested with us are insured-safe up to $10,000 by the Federal Savings and Loan Insurance Corporation ... a permanent instrumentality of the United States Government. Also, your funds are helping to improve our local area . . . creating jobs, payrolls and bolstering local business. Invest your savings at Union Savings and be "Sure-Safe." Do You Have More Than $10,000 To Invest? By Establishing Additional Or Trust Accounts, Savings From $100 To $100,000 Can Be Fully Protected By FSLIC Insurance . . . Save Here Now! UNION SAVINGS AND LOAN ASSOCIATION Downtown On College at Fifth St.

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