Evening Star Newspaper, June 2, 1923, Page 17

REAL ESTATE. VITAL PROBLEMS BEFORE REALTORS' CONVENTION Gathering at Cleveland Latter Part of Month to Draw Leaders of Business From All Parts of United States. * .Just what is the actual relation be- | tween present housing construction and housing shortage? Between pro- jected industrial expansion and pre- dictable industrial outlet? Are we underbullding, because of labor ard material cost? Are we overbuilding, with ' half-tenanted structures -and deflation to come? How can real es- tate financing be stretched, and how far should it be stretched, to meet the new demands? These are some of the questions | that 6,000 representatives of every branch of real estate interest through- out the United States and Canada will meet to find a working answer for in the four-day session of special and general conferences making up the annual convention of the National Association of Real Estate Boards in Cleveland June 27-30. Assembling, | notably in its sectio of Imluslrlnl‘w real estate speclalists, mortgage and | finance operators and farm-land men, groups of leaders in definite lines of real estate development never before brought together for a national sym- posium, the convention is expected to De the largest and most constructive general meeting of real estate men ever held, and one of the most impor- tant gatherings of business men to take place this year. Many Questions Answered. ‘Thumping the chest of national real estate activity, measuring its pul- monary capacity with reference. to the general expansion of national business life. will be made possible for the conference by compilation of results of a huge questionnaire, cov- ering” concrete facts on present real estate conditions and indications of future movements in 475 leading citles of the United States and Can- ada. This compilation of facts, mak- ing possible a stethoscopic study in detail of the general situation on housing shortage, construction totals, Jabor market for building, overbuild- ing If it exists, rental tendencies, mortgage money supply. interest rates,. pronounced tendencies in sub- urban outgrowth ard market condi- tions for residential and business properties. is now being made by the national association and will be made publie, together with a sclentific analysis of the meaning of the totals ascertained, at the opening general convention session. Melvin L. Morse of Babson's statis- tlcal,organization will present graph- fcally the findings of this nation-wide report. Authoritative facts of the | real e situation so obtained will be available as a basal index for dis- cussions throughout the convention deliberations. Matters to be taken up by the con- vention include the following general considerations. The whole general financial situa- tion with reference to real estate, in- cluding the farm situation nationally. Public policies. notably the question of taxation control. license laws and wise zoning of cities into residential and industrial areas, all of vital im- portance to real estate MaKIng realty as an asset more fluid through co-operative seling of real estate within the membership of local real estate boards under the multiple listing plan. Ethics Dixcussed. Questions of business ethics in- volyed in the relations of the real te dealer to his client. his fellow deajers and the general public Practical steps that experience has the real valuable in individual found to be most bullding up of the estate business. 5 New and successful business prac- tices as they have been tried out among the 20,000 realtors making up the ‘association’s membership. Possibllity of - standardization of real estate practices looking toward the building up of real estate as a dlstinet profession. Lawrence Veiller, secretary of the National Housing Assoclation, mem- ber of the Hoover zoning committee. author of the model housing law used as a basls for practically all the housing legislation of the country and thorough student of zoning in re latlon to housing. will speak before the general convention session on mistakes to be avoided in zoning. He will deal with the legal and social Justification of zoning as well as its ecomomic aspect. Former Senator Theodore Burton of Ohio will talk on_general business conditions. Judge William A. Hough. chairman of the Indlana board of tax commissioners, will tell of Indiana plan of controlling bond and tax levies. ~Gen. Nathan William MacChes- ney of Chicago, author of real estate | license legislation in general use, will | deal with the licensing for the build- ing up of the right relation between real estate enterprises and. the com- munity. Steps in the wise building up of a real estate business will be outlined by Guy of Detroit. W. Ross Campbell of Los Angeles, Harry A. Beckwith of Portland, F. B, Arnold of Cleveland, 1 Kenal- 1y of Chicago, J. C. Kansas City, Mo., and George B. Ricaby of Toledo. under the leadership of Ivan O. Ackley of Chicago. Lobdell to Speak. Charles E. Lobdell of this city missioner, Federal Farm Loan Board, will discuss the financing of the farmer before the farm lands division, which will go into the general sub- ject of the farmer's pecullar situation and of present farm land possibilities. C. R. Chambers of the bureau of agri- cultural economics, this city, will dis- cuss farm land values. Dr. Richard T. Ely, director of the Institute for Regearch in Land Economics, Univer- sify of Wisconsin. will oufline the possibilities of a national economic land policy. A. R. Kroh of the Good- year Tire and Rubber Company. will discuss “Putting the Farmer Back on His Feet” H. H. Richardson, Jack- sonville, Fla.. and Herman Janss, Los describe “Evolution Land to Finished H. Payne. Omaha. will talk on “Colonization™; Meyer | Elseman of New Orleans on “Small Farm Subdivisions”: Albert H. House, Hartford, Conn.. on “New England J. Simonson. Denver. and . Carroll. Rochester, N. Y. on “The Farm Land Dealer as a (. munity Builder”: A. G. Bander, Cedar Raplds, Towa, on “Legislation of Im- portance to the Farm Land Situation.’ Callistus E. Ennis of Chicage. mem- ber of the committee who worked out the problem of establishing commis- sion rates for the Chicago Real Es- tate Board, will -discuss “The Basi for Establishment of Commissions before the brokers' division of the convention. Howard Whitcomb. Bos- ton, chairman of the division. will take up the matter of “Drawing Dis- tinctlon Between the Broker and the Man Who Operates in Real Estate for His Own Account Loeber, Chicago. will speak Appraisals With Relation to the " Frank Evan of Los Angel hics and | Practices in Real Estate Brokerage'; Robert Wallace, Council Bluffs. on *“Re- sults Obtained by Real Estaté License Laws"; George B. Ricaby, Toledo, on com- | facturers THE EVENING “STAR, WASHINGTON, ' D. "C. SATURDAY, ' Walker Hotel As It Will Appear When Completed This model of the Walker Hotel, being erected at Connecticut WAGES INCREASED IN BUILDING TRADES BALTIMORE, creases the outsiripping living, it is of Baltimore May, by A. S tary . of living costs, sine creased 2.3 per cent Rulilding cos horough, not but by inere only in building materials. will cause a slump tivities. He said “The danger the natural desire higher wages. buying public. Robert R. Otis, Atlanta, on “The Need of Standard Forms and Nomen- William H ‘Organizing Brokerage Office.” MeMichael Standard Form of Long- clature in Real and Managing a nd Stanley L. nd. on “A Term Lease. “Buildings ing cussed before the ment_ division by of Los Angeles cago will speak on mine Rental Deugall son of Chicago, on Tenants for Business Property”: Gor- of Toronto, Rented tt, St. Louls. & Department” Boston. don Gobson “Repairs _on Oreon E. S ing a Ren Morgan of Building Service," ings.” A national conference on adminis- tration of real estate license laws will connection with held in altors’ meeting Louis F. dent of the at the general sessio June building increases in the cost asserted bus‘ness conditions for| A Goldsborough, the Merchants Association. He said wages have jumped-10 to 35 ner cent and ~Wage trades the and here have increased considerably, according to Mr. wage ses of about ‘This. he fears, in building ac- lies not labor to The trouble is as to how it will affect the building or the material labor costs’ rise together the must stick to the ground.” When Estate”; Ball of Philadelphia, for Jobbers and Manu- facturers—Their Construction. Management” will property W. Ross Campbell Mark Levy Values’ New York. on in Apartment Buildings New Features ; Frank Slos- Canada, on Properties” on “Advisory and A. W. Swayne, | Chicago, on “Organization and Financ- ing of Co-operative Apartment Build- pich of Denver, oclation, will o =1 = Sheul sk & ¥ T8 Southern building, 15th an in- are | of report house is or should be an invest- ment. Therefore it should be honest- ly constructed. One of the most im- portant lessons for the home buyer to learn is that the initial cost of a house is not its full cost. It pays as well to spend a little more on pur- chase price if thereby repair bills and maintenance costs are kept down And it pays not only in dollars and cents but in satisfaction as well. for the house that soon begins to go to pleces. that soon looks shabby, is quite the oppositc of a “joy forever.” Here are some of the things to be watched. Has the ground immediate- 1y walls been drained so that water will not lie against these walls and soak into them? Is the cellar well drained and dry: well lighted and ventilated? Is the founda- tion well built? Are the heams and joists heavy enough and of good ma- terial? Are the floors and woodwork of good material, well scasoned and of good workmanship? Is the ha ware (locks, hinges, fixtures, ete.) strong enough to stand usage? Are the outside walls of good material— if brick, of good quality with good quality mortar: if frame, of good lumber, well seasoned and well paint- ed with three coats of paint? What kind of sheathing is used? Is wood well seasoned? the roofing of a material well d 1o the climate and of good q What material | is used for flashix Recently there | cussion of the secre- Manu- | 1922, in- Golds- raises. per cent much in get and public of Cleve- Financ- be dis- manage- been some d “retaining quality of walls. It is advocated that open ings that permit circulation of cold | air between outer and inner walls shall be filled in. This adds but little to the cost of building and in cold weather aids materially in reducing the coal bill Incidentally it aids in} | reducing fire hazard and ratproofing. For the latter care must be taken that there are no u reened openings through foundation walls into a | ¢ellar and that 1 ope ngs from a cellar to the space between outer and inner walls of stories above shall be filled with ratproof material. Much attention is now being given to standardizing the parts of a house [both to reduce initial cost and to | make replacement easier and less ex- | pensize. ~Are the doors. windows and other parts of the house of standard stock sizes? ha of Chi- he to Deter- A. Mac- to Select ‘Operat- John G. the re- presi- preside | Avenue uand De Sales street, in M streets northwest. BUYING HOME LIKE. IDEAL BATHROOM BONDS ISADVISED EQUIPMENT SHOWN on view in the The equipment necessary for a mod- | ern, well set forth of the Depa Shald Size— tub, basi Ktool, m. cabinet. Floor- ston Small bl light blue and white are good. well filled, painted wood floor of bat- tleship g used. wal two coat of White, bl color Ven be in tom arate wi ve tron tub, water; s angle Basin hot and seat mirror o ing, cqu etc supply o Clothes bin near per shou face. En er is Towel wood ra family to keep towels separate. Miscellaneous or enam beside b Toothbrush rack to hold toothbrushes | —well separated ket or glasses for each member of the fam- ily. She with tool - sthes clothes tree. material, specially linofeums ~Tile or plaster, painted with | enamel ventilator is desirable Fixtures not desirable. Cupboard desi oilcloth planned bathroom is thus ' by the division of housing | rtment of Commerce: be large enough for in. toilet, clothes hamper, edicine cabinet and towel | { Tile, | cement or! sanitary. | pattern, or | A Should be sanitary. finished are the most lack-and-white ray or colonial buff may be s of flat paint and one coat | or oflcloth covering. luc and cream are the best| n—Window board should ndow to allow top and bot- tilation. - An additional sep- Porcelain or with hot and cold hower with spray to wet the hair Porcelain or enameled, with cold water. Toilet—White Cabinet —Door and ver basin., shelves for shav- ipment, lotions, antiseptics. Large enough to hold | enameled running t at an f linen | hamper—Unless chute to| wash tubs is provided. Ham- ild_have smooth white sur- ameled metal, wood or wick- able racks—A ck for nickel or enameled | each member of the fixtures—Two metal and on nickel eled sin soap rack hooked to tub. | Toilet paper bas- rack. Individual mugs or If of glass or wood covered | over the basin. White enamel preferred. hooks on back of doors, or | bavement | i F. Beresford of Washington and War- \REALTY SECRETARIES JUNE- 21923, REAL.ESTATE. MINITURE MODEL. [Labor’s New Attitude on Highe: - OFHOTEL SHOWN New Walker Building Display - Attracts Much At- tention. A’miniature model of the magnifi- cent $8,000,000 Hotel Walker, now un- der construction at Connecticut ave- nue and De Bales street northwest, to- gether with a group of paintings of the exterfor and Interior of the hotel, placed on exhibition this week for Shrine vicitors, is attracting very much attention. The model and the pictures are on exhibition at 809 15th street northwest. The model is 6 feet long, 2 feet wide and 18 Inches high. The hotel struc- ture will be 454 feet long on De Sales street, 1563 feet on Connecticut ave- nue and 140 feet on 17th street, em- Lracing a ground area of practically 1% acres, and with well over two acres of floor space on the first and levels, devoted to lobbles, | promenade and public rooms. There_are seven palntings by well known New York artists. The associate architects are Robert 8p fe I1a | m, 2 {th £ ren & Wetmore of New York In spite of scme delays in the ar- rival of. steel and other materials, splendid progres is -being made on the immense steel frame, which today i3 practically up to the sixth story end 1s moving rapidly toward com- pletion. Work has been started and is well under way in the laying of the structural floors both below and above | the street level, and the walls are be- | ing carried up ‘as fast as the plan of construction permit m; m, a in ab an an This thi fo! th, | m ‘to A _joint meeting of presdents of | th all boards within the National As- | in soclation of Real Estate Boards with | th roal estato board secretaries will be | held at Cleveland Wednesday after- noon, June 27, a8 a leading feature of the program of the realtor secre- tarles division of the national con- vention program. Discussion will be based on a report of a special com- mittee of the division on “Essential Factors for a Board's Suoccess.’ Maurice Dunn of Louisville, Ky., will present the report. which will take up the following fopics: (1) | to members, (b) publicit teatures and meetings, (4) valuation and appraisal work, (5) muitiple list- ing, (6) service to the community, (7) how to organize committee work, (8) better homes exposition. It i8 hoped that this report will be issued in_printed form for general distri- bution at the convention Samuel C. Lenke, membership sec- retary of the Cleveland Real Estate Board, and A. €. Faeh. membership secretary of the Cleveland Automo- bile Club, will talk at the second di- vislon meeting on successful methods of .builling up board membership. M. A Kelly. executive secretary of the Philadelphia board, will speak on publicity. Cass Connaway, executive | secretary of the Buffalo board, and | Edward Mundt, secretary of the Oak | Park, 11, board. will jead the dis- cussion Friday afternoon on meet- ings and entertainment. Walter S. | Bigelow, secretary of the Cleveland | board. and Paul C. Loeber, Chicago, chairman of the national appraisai | committee, will be speakers on the | question of how appraisal committees | build board prestige and increase | board revenue. Maurice Dunn wilV/| talk on multiple iisting: | | | ce Toy A complimentary luncheon to visit- ing secretaries will be given Thurs Sash curtains of white easy to launder. day by the Cleveland Real Estate Bbard 2.—Roger Babson there is nothing for business men to of labor. at . the attitude | vartly adjusted, following the abnor- | adjustments. cause W )8t G w ting opes when it cos only living bec cause of improved shelter. day. building trades, the highe: This are now better posted tion of 1916-1920 has onl and are putting on the brake themselves are the proposed building programs sus. pended. " with six miles of improved streets. Wages Gratifying, Says Babs:: Time, He Asserts—Finds Business Still Holding Up Well. ¢, BY ROGER W. BABSON. ecial Dispatch to The Star. WELLESLEY HILLS, toda: for many months. There no more radical advances Y until the remaining 40 per cent of deflation is eliminated and until are again in a permanent peric prosperit “This means that business 1 should make no further wage vances except to even up and eq ize certain departments. Emplcy should quit competing with one other for wage workers. Emplc should seek to produce more, in « to get more in food, clothing shelter for their weekly wage. ttitude of all during nd 1922, but during the first | months of this year many empla and wagé workers lost their he This is one reason for the recent t porary stock market slump. “But both ecmployers and v workers have again come to t senses. At least, labor conditions most sections and most industrie better today than they have been 4 ing the past four months. 1In meantime business is still holdinz at 5 per cent above normal as ir cated in the Babsonchart, and man who is doing a legitimate b ness—without speculating in stocks or commodities—has noth to fear (Mr. Babson, the n a_regular confributor tinue his. special ar financial conditions i WISCONSIN INDUSTRIAL LAW IS CLOSELY STUDI® Adoption by Wisconsin of a st: policy of carrving on its public struction work chiefly In times unemployment and business depr sion s being etudied with inter by members of the National Assoc tion of Real Estate Boards. Un a law recently passed the state bo of control must ascertain from 1 various departments and state in tutions their tentative plans for =i extension of public work as sh lLest be adapted to supply Increas cpportunities for advantageous pi lic labor during periods of tem; rary unemployment. The state dustrial commission :s directed prepare lists of applicants for Jobs. Mass.. June states that | ar in the present reported demands | “A few months ago I was disturbed | of labor, especially uilding trades” says “Wages had only been bor in the Babson ally high wages hen the ‘business e tide and during the war, boosters' turned prevented any further This was unfortunate r all concerned. I say for ‘all’ k when the readjustment in ages stopped the reduction in the living also stopped. Wage | orkers gain nothing by simply get- money_in their pay envel- offset by higher living s. They can gain permanently by producing more goods Wage Workers Living Well. “Wage workers are enjoying better | conditions today, not so much | use of their labor unions, but be- | machinery, better anagement and the reduced cost of anufacturing. What labor needs is readjustment in the cost of living | the terms of food, clothing and{ This can_never be brought | bout by raising plasterers to §10 per The higher wages are in the rents are, nd no one but the tax collector g nything through the rise in w has _been the situation during e past few months. “There is today, however, a change r the better in the attitude of labor. has been very evident during| e past two weeks. Labor leader: in the funda- | entals of economics than they used | be. The abler labor leaders see e dangers of getting into another flation of wages and prices before e present area of business readjust- Today the infla- | been 60 per more I statistician, wh The Star, will on business *xt Sunday’s issur ent is completed. nt deflated. “The wisest labor leaders see this| They | glad to see some of | Yes, the better labor today situation than it has oks much Massachusetts Park Washington’s most beautiful residential section of detach Leaders Have Applied Brakes Just i ed homes. Containing seven million feet of forest-covered land “The Triangle of Increasing Values” { Includes what remains of § between Connecticut, Massachusetts and Cathedral avenues | (Woodley Rd.). Over four million feet of land sold. Ove ninety homes from $15,000 to $200,000 built and under con- struction. Wooded villa sites, lots and central and side hall brick homes, with lots from 50 to 115 feet front—Park Office 32d and Cathedral Ave. (Woodley Rd.). Middaugh & Shannon, Inc. Woodward Building, 15th and H Sts. Establixhed 1899 1 ' | ! S T 0 Three Particularly Appealing Homes Million-Dollar Bridge Section 3706-8-14 VFulton" Sfreet A pure colonial brick home semi-detached. Beautifully designed door- way entering into center hallway. Stairway of unusual design. ILarge front porch with French doors to living room. ~ Living room planned with par- ticular attention to wall space, striking colonial fireplace. Side illumination in Butler’s silver fixtures of beautiful design. Completely equipped with floor outlets, Dining room and breakfast room with separate entrance from kitchen, Wall space in abundance for placing all dining room furniture. Oak-floored breakfast porch, heated and lighted, with windows on three sides. Immaculate white enamel walled and ceiling kitchen, with high double-drain board porcelain enamel sink. White enameled gas range of quality. Cold storage room for refrigerator and equipped with shelves. By Second Floor— Master bedroom across entire front of house, approximately-14x18, with double storage closets. Hardwood floors, side illumination and floor plugs. Carefully planned, with perfect setting for each piece of bedroom furniture. Two other bedrooms in rear, connecting with large sleeping porch bedroom with hardwood floors and lights on three sides. 2 Bath contains large square tiled floor and walls. Extra size Pembroke built-in tubs, with shower, curtain and rod, pedestal washstand. Painted walls and ceiling of white enamel above tile. Electric plugs for cfirling iron. Overcapacity hot-water heating plant, built-in coal bin,” stationary tubs and servants’ toilet: i This home will appeal to the person of discrimination who wishes a distinctive and carefully bullt residence of medium size located im n section where some of the fne homes in Washington are built. Three hundred feet in elevation, just two blocks, fro) WILLIAM 1108 16th Street N.W. 5 N R £ R 2021 Belmont Rd. N.W. Belmont Rd., 20th and Ashmead Place— Facing Million-Dollar Bridge 8 rooms and 2 baths, hot-water heat, electricity, hardwood floors through- out, front porch, breakfast porch, inclosed sleeping porch, open fireplace in both living room and master bedroom. Walls and ceilings tinted throughout. Beautiful cornices on both first and second floors. Finest quality electric fixtures of silver and dull gold. Trim and doors of unusual design. Exterior has limestone columns, slate roof and wrought-iron porch railings. Two-car brick garage. Lot 60 feet wide. Attractively Priced on Reasonable Terms INSPECT TOMORROW Representative on Premises All Day Sunday and Every Afternoon and-Evening Week Days 1410-12-14 Ingraham St. Between Colorado Ave. and 14th St. Beautiful 8-room and 2-bath houses—all on 2 floors. Constructed of the best materials attainable and contain- ing every convenience and labor-saving device an owner would want. Thoroughly screened, built-in garage, shade trees, sleeping porches, attic, etc. See -These Sunday Sure OMPANY Phones: Main 372, Main 160 (e i S