Evening Star Newspaper, May 29, 1926, Page 15

gl | £ 4 .,,-..W.. Wz REAL, ESTATE HARMONY WITH 'WASHINGTON, D. C, 4 IN INDUSTRY RAISES HOPES OF LUMBERMEN No Cut in Wages Is Planned Despie Fact That Market Conditions Are Causing Diminishing Profits. Curtailment Urged. Among the many signs_that indus. trial relations in America are gradu- ally coming onto a co-operative in- stead of an antagonistic basis is the growth and success of the Four L— Toyal Legion of T.oggers and Lum- bermen—in the Pacific Northwest lumber industry, which was recently the occasfon of a special monograph by the Department of Labor, says the National Lumber Manufacturers’ As- soclation.. This is an organization of the men employed in the lumber mills and logging camps of that region, but instead of being an exclusive organ- fzation of employers the employera are also members. The object of the organization is to secure better work- ing and economic conditions for the men without resorting to the costly method of strikes. The outcome of several vears of generally successful co-operation has led to the remarkable vesuli that al- though the lumber indv of the orthwest is not profitable at pres- t, the proprietors are not talking about wage reductions as a means of cost reduction. and the emploves are actually trying 1o persuade the mill pwners to improve the market situa- tion by eurtailing production. These facts are set out in a recent editorial fn the Four 1. Lumber News, Port- Jand. Oreg.. the official organ of the Four I—excerpts from which follow: “Market conditions during the past 60 days have gone from had to worse. Present indications point 1o a vear of heavy lumber sales and low prices. Probably more than 50 per cent of the Iarger fir operations are today cut ting and selling lumber at a loss. And losses have been rather the normal with these same operations for move than two vears past. At the same time production and shipments have heen comparatively heavy. Two Factors Stand Out. “Two things seem to stand out as unusual in the history of the past 24 monthe: 1, that mil's have persisted in cutting and sell:ng. In spite of low prices and consequent operating loss. es; 2, that mill owners have not tried to take their losses from their labor. “Roth, as industrial experience goes. are unusual enough to be given care- ful study. Industry generally simply does not do these things. TIndustry generally shuts down when it cannot operate at a profit, but hefore it shuts down all methods of cost reduction ‘are tried. and among these most own era classify wage reductions. “A prominent lumberman visited many operations last Winter to learn if, under the poor conditions then pre- vajfling, managers had figured on a wage reduction. He was surprised to learn that few managers were at all interested in the subject. They were looking for other ways out or they did not belleve that wage reductions would reduce costs to any great extent. .Be. sides. most of them told this visitor, ‘Lumber wages are low—compared with other industries and the cost of Iving. they are too low.’ “Five years ago this attitude on the part of the manag most extraordina normal. Both empl can, we belleve, take encougragement from this evidence of growth. Today, we believe, management in our indus. try i= far more conscious qf fits re- sponsibility to those it employs and tar more willipg to protect, its em- ployes in theif standards than ever before. A new day has comejand due predit should 'he given management tor the change:in attitude. {Manage- ment, In our industry, is closer to its workers than §t ever has bgen. 1t | sees hetter than ever before the world i through Its workers' eyes. recog- nizes that management and fhen are {in the same hoat. subject to the samé dangers, and that co-operation during | hard times especially, must begin with {all the wage protection management |ean give. And because management generally has recognized this responsi- bility and tried to live up to this new { obligation, labor in our industgy has co-operated in lowering costs., This | has been the exchange—management | held wages and labor alded manage® | ment in cost reduction. It has been a fair exchange and an intelligant ar- | rangement. ! Organization 1s Needed. ! | “Lumber needs to he merchandised. It needs to he controlled at thespoint of production by the producers. Tum- | ber should ba well organized. {Lum. | ber should then be sold en its merits as a preferred building material, To try to merchandise lumber under pres- ent conditions, without organizing for | control of production and distribution, |is like trying to divert the overflow {from a broken dam. It would be much | simpler to fix tKe dam. while making { preparations to utilize the extra water | next time 6r when needed. “Farly in the yvear production of fir went awav helow normal. Prices were maintained. Later production | Increased and prices dropped. Just { now California and the Atlantic Ceast | markets, the two largest buyers of{fir, are very weak. Thelr docka (are | swamped with shipments from Oregon {and Washington. Production is hejng ! majntained. Shipments. even to the { polit of congestion. are continuing.: ““The industry. especiallv that part of it dealing 1n fir, should change jts |attitude toward produdtion and als. | tribution control. It will in the course | of ¥me, because so many producers will go broke that those who remain will co-operate as a last resort. But it ‘should he about this plece of bu: | neas now. Managers should be wor| |ing on these problems for the protec- | tion of the industry. They should | organizing the industry by production groups. ‘They should establish re- glonal selling agencies. They should organize fact-finding agencies to learn all the facts ahout markets for the |benefit of all the producers. They should co-operate In the present ad- vertising program, but they should put in just as much time trving to organize for production and distribu, tion control as on the work of pub. leity and trade extension.” would pave been Today' it is the vers and (employes DEMAND FOR SMALLER HOUSES IS STILL GREATER THAN SUPPLY American Construction Council Declares Present - General Building Rate Is-Favorable; -With Year-Round Work Most Needed. In fts national survey of construc- tion conditions. just made. the Amer- fean Construction Council, of which Franklin D. Roosevelt is president, maya: Although the first four months of 1926 showed the greatest volume of buliding construction vet seen for the same period of any vear, and exceed by 20 per cent the similar period for 19265, which itself was a record-break- ing bullding year, thi$ condition is not uniform. as somse Iocalities show a recession and there are some indica- tions toward greater moderation. The last part of April showed a slight seasonal decreass from the rate of the preceding months. which, however, is due partly to the fact that Spring work has come into the market earlier than usual this year as a result of the continuous cam- paign for year-round work carried on by the council and its afliated branches of the industry as well as by the Government. Tt is difficult to tell growth of new industrial and commer- elal bufldings will continue to go down on the books the next ' six months as fast as it has during the past vear. A distinct note of caution has been sounded by manv individ- uale and many groups. In the mat- ter of high-priced apartments xnd ho- tels a. similar note of caution has heen sounded. It is only in the group of medium-priced, well-bullt private dwel. lings that the demand seems to war- rant real optimism. This demand for homes must not he confused with ar- tificial real estate booms. Year-Ronnd Work Urged. What in needed as to volume of con- struction is, of course, sieady, all- vear-round and vyear-in-and-vear-out work en a sound level, and whatever ran ba done to maintain this is much more important than mere peak pro- _ Auction In addition tn what is be- Ing done hy the industry itself, the efforts of the Federal Government as well as of various States toward this #nd in the scheduling of public build- ing programs is highly commendable. The outstanding need still remains that of suitable heusing for persons of average means at a fair price. W the council pointed out last Fall still holds true—that the large volume »f building consruction has not yet niet the country’'s real housing need! City residential construction continmes in the main to he of the larger and whether the | higher priced apartments and hotels. and the more active suburban home developments are still too frequentiv high in price or inferior in quali The construction of large buildings is reflecting more and more, however, the increased demand of the public for better bullt buildings as urged b: the council for the past several years, and a similar demand is beginning to show itself on the part of the pro- spective home owner of moderate means, as evidenced by the nation- wide demand for the council’s recent pamphlet, “Six Steps in Bullding or Buying a Home,” which has received the hearty approval of the responsible elements of the various branches of t] onstruction industry as well as of the public. But further awakening of the public consciousnsss to the value of better bullding and an ever-present insistence on the part of the home buyer that he get real value for his money are still needed. Home Buyers Warned. The councll urges the prospective home awner to deal anly with reliable persons in all the stages of buying or building a home—location, financing. design and building. He should ‘also insist upon first-class materials and first-class workmanship, both in the structure proper and in its equipment. Likewise, the iInvesting- public, | whose money goes into mortgage honds and other present-day forms of financing large building construction, should insist upon first-class constru tion in both materials and workman- ship on all buildings into which it puts its money and deal only with re- liable loaning institutions, from whom it can obtain full facts as to the na- ture of the security and the character of the building and supervision-of the structure itself. In doing this the public must consider every building as A separate and distinct problem, for the safety of bullding loans can- not be characterized as a whole as either safe or unsafe. " As the council noted in its state- nent last Fall, the passing of the acu ° building shortage and temporary build- ing booms in some- localities, with the consequent return to normal eonsid- eration of building values, will make structures of inferior quality an in- creasingly. heavy Hability. It is such insistence on the part of the public that the essentials of right construction be put into actual prac- tice- from financing of the project and Woodland Drive Sites Massachusetts Park —are becoming steadily more limited. Washingtonians of long standing are continually amazed at the splendid growth in this fine residential community, wh ich includes all that remains of The Triangle of Increasing Values ‘—between Connecticut, Massach Wooded and rolling sites for indi available. tts and Cathedral avenues. | ually ‘designed homes are now. As the firm under whose management this restricted area has been successfullv developed into one of the city's fine sections, we are singu- larly prepared fo furnish accurate information. § Park Office: 32d street-and Cathedral avenue. Middaugh & Shannon, Inc. ESTABLISHED 1899 Riggs-Semames Bldg., Dupont Circle, Potomac 2200 Upper: Ti Decatur street between F Lower: The Eastern High ursday. Lthe design and erection of the buil ing to the supervision of the finished structures — that will maintain the sbyllding industry on a heaithy basis. ‘To_make this insistence effective the public must co-operate with persons 'of skill, vision and responsibility in all pranches of the industry. . Reglonal planning of large #mall cities as to hoth beanty and util- ity. as well as the proper development of smaller centers and suburban dis- tricts, should have the hearty sup- port of the public. Fven the smajler towns and villages which anticipate future growth should conduct intelli- gent town planning. The flow of traf- fig to and from the large centers and it relation to building development is also becoming an increasingly serious problem and should receive careful consideration in this connection. 'he market for building materials | continues in general to be satisfac- | toew, although tn some branches of the disposition’ to buy only for requirement is seen. productivity continues to he relgtively favorable, which helps to ce, actual costs, although*wages have advanced in some instances Any increases in wages will, it-.is hoped. carry a corresponding inerease in gkill.and proper productivity. Money for buflding purposes con- tinudes to he readily available in most locations, but the element of caution in Dlaying a greater and greater part in régard to speculative building oper- ations. " outleok for highway construc- tion lindlcates the largest yearly vol- ume in that branch of the industry yeot #8en. The council therefors urges the public to insist that its repre- sentakives who have charge of such constfuction be instructed and’ given the recessary authority te cenduct and better highways of first-class con- struction. Otherwise the utility of the highwpys will soon decline and the uxm‘;rn of the country will in a few Yyears called upon to duplicate this large expenditure of public mene; which, if wisely spent, is a great na- tional msset, but if poorly spent be- comes ' only an increasing economic bnrden.' | s ! Masons Honor Calles. MEXICO CITY, May 29 6P).--High officials!of the Scottish Rite Masonic Order of Mexico last night presented Presiderit Calles with a gold medal, “the e of Speclal Merit.” The honor was conferred in recog- nition of Gen. Calles’ ‘‘capable serv. ices for Maxico as president.” 2 Living Under 'D der our care. tion<and then and | their program so as to make for more . . . > . Is Living in Security T subject yourself .to the constant worry about what’s going on up there—but put the roof un- Have us egamine it—put it in Rose condi- ou can be perfectly sure it has been made welli We have made a reputation for our roofing work that, has no equal—earned by the roofs we have conditioned—both public and ‘private build- inge and hoies. ; It's so much ¢l done the Rose way. ; The small cost can be conveniently budgeted. The Foening Star REALTORS PREPARE. FOR TULSA PARLEY Special to Leave Here Next Saturday for Convention June 7 to 11. Preparations are completed. for the local delegation of realtors who will attend the annual convention of the | National Association of Real Estate| Boards at Tulsa,-June 7 to 11. A| large party has already signified its intention of leaving Washington on the “realtors’ spedial” next Satutrday | evening. ! The train will be squally as elabo- ! rate as the nne that took the delega- tion to Detroit last vear and will con. | sist of several sleepers, club car, din- ing car, observation car, barbar ghop and shower baths. The party will arrive at Tulsa Monday morning. June 7. | A number of topics of particular in- tereat to local real estate men will be discussed by the national assoclation, which never fails to bring ‘in some ! recommendation for the {mprovement. advancement and beautification of the National Capital. Besides the busi- ness sessiona of the convention, which is ‘considered the largest annual con- vention of business men in the coun- | try, elaborate entertainment programs | have been provided by the Tulsa real- | tors, who will be the hosts to approxi- | mately 5,000 members of the national | association, who represent 616 con-| stituent boards throughout the coun- try. | The official delegates from Washing- ton are John F. Maury, Clarence F. Donohoe, John_A. Petty. Bangs, Percy Russell, W. C. ’ R. C. Zantzinger, Claud Livingston, Arthur Carr, J. Dallas Grady, Karl Jarrell and H. Latane Lewis. Danish Flyer in Korea. PHYENG-YANG, 'Korea, May 29 #).—Lieut. Botved, the Danish avi- ator on a flight from Copenhagen to Tokio, arrived here yesterday from Mukden, Manchuria. The distance is about 250 miles. a Rose Roof er-proof and will stay so. aper in the ‘end to have it smodel row houses at ley Heights on Tuesd: School manual arts students, who visited the demonstration row houses at W enue near Queen street northeast, and the semi-detached houses at Thirteenth and Upshur streets north-| fund for the education of Japa 2546 to ‘2’558 Masséchuéefts Avlebnu'e SATURDAY, MAY 29, 1926 HORTGAGE BOS ARE B BUSINES Billiori-Dol?ar Annual” Sale Ranks Next to Public Utility Field. The sale’ of real estate mortgage honds is rapidly developing into & billion-dollar-a-year business. Since 1921 realty securities have had a progressiye growth and the sale of this type of bonds has become- nation-wide: today they rank, next to public utilities, as the greatest invest- ment outlet for capital. fa The rapid and -extensive - deyetop- ment of real estate mortgage fnane- ing in the United States is reveal in statistics made public by the Build- ing Construction Research Bureau of G. L. Miller & Co., ‘Which show: the tremendous gains made by realty’se- curities during recent vears. These figures, based on underwritings : by the leading investment houses since 1919, show that real estate morigage bonds have furnished more than $1.600.000,000 in_new building capital during theglast sevért vears, Large Gain Since 1919. offered the public by the leading in- vestment houses was estimated to be $57,458,000, but in 1925 new realty flotations approximated $685,294,000— a gain of about 1,092 per cent in the |even vears. ¢ Review of the statistics shows that the popularity of r has heen on the up-grade since 1919, when the volume of new issues drop- ped 1o £49,786,500, due to a husiness depression. In 1322, however, there of bond offerings, which contined through 1 1924 and 1925. In the latter year the total of realty offerings fumped to $685,294,000, a gain of 1123% per cent over 1924, and were only ex- ceeded In volume by public utility (ssues, Now in Second Place. ‘These figures also show that during an important position in the domestic securities field. During the vears be- tween 1921 and 1925 realty issues steadily improved their comparative place, and ranking in relation to rail- public utilitfes, industrial, tor issues, etc.. going from seventh 1o second place. which they now hold among the various classes of corporate financing. The 1926 demand for construction fAinancing continues to he heavy and the public demand for high-grade bonds is increasing. The total amount of new capital real estate mortgage hond issues underwritten during the first quarter of the vear aggregated approximately $14.349.500, 2 gain of about 11.6 per cent over the same period last vear. hmdfi to Educate Japanese. NEW YORK, May 20 (#).—Joseph Ichisima, 64. Spanish-American War veteran, said to have been the first Japanese to become a citizen of the United States, died vesterday at his The 1919 voliime of real estate bonds | 1 estate securities | mo- | was a rapid upward swing in volume | Throughout the entire school ays- tem ‘of the District ‘a keen interest has . been manifedted in the nine demonstration projects of model homes being sponsored by The Star. Diiring the past seven dava classes from three of the high schools haye visited five of the. projects and have made a thorough inspection of the structures under the direction of com petent architects and builders. Al} of these clgsses have been en- gaged in studying technical subfects in connection with huilding construe- tion, - On Tuesday the class in archi- tecture of the McKinley Manual Train- ing. School visited two of the demon stration houses. They left in a spe- clal bus chartered by The Star and visited the row-house group being con- structed at Decatur street between Fourth and Fifth strests. A proper explanation of the structures was made by the architect, Louis Juste- ment. They were accompanied by Dore Walten. professor .in architec. ture. and Frank Danlels. principal of the MeKinley Manual Training School. From the row-houss project. being constructed by the Cafritz Construc. tion Co., they went to the second largest detached house in the demon- stration, being erected by W. C. and A. N. Miller, at Wesley Heights. Here the entire bullding was thoroughly ex- plained by A. N. Miller. Visit to Row Houses. On Thursday the students of the manual arts department of the East- with the exception of the year of 1921, | JEM 8 (G LOOM Ueq “two of the demonstration structures. They firat visited the row-house demonstration being erected by the C. H. Small Co. at West, Virginia avenue near Queen Street northeast. The architect. J. Wilmer Smith, lectured on the archi- tectural ‘aspect of the bulldings, and €. H. Small and Bernard Saul ex- plained in detail the engineerfng and constructfon problems. The Eastern High students then visited. the semi-detached houses 1n- der process- of construction at Thir- the last seven vears real estate honds | teenth and 1pshur streets northeast. have gradually worked their way into | tjare Robert Bereaford of the Amer ican Institute of Architects and Wal- ter Vaughn, the bulider, fully explain- ed this particular probiem. Last Friday the home beautiful clase of “the Langley Junior High School visited the detached model home at Thirteenth street and Alaska avenue. \ These students who will he the fu- ture engineers and architects upon whom the citizens of the District will rely to materially help in the beautifi- cation of the National Capital have The Star's model homes demonstration to study first hand. the problems that are presented to them in the class- rooms. Varled' Types of Houses. The model houses have been of | particular interest to these students because they present a varied type of structures ranging from brick row to stone detached houses. They have also proved peculiarly valuable be- cause they are all houses of a fairly moderate price and of a style and type which is now and will in the home. in Elmhurst. His will provided | for the establishment of a $200,000 | youth in Amerfran customs. future be the chief product of con- ess | struction in the National Capital. These structures represent the co _HOME & GARDEN seized the opportunity presented by ! 15 STUDENTS STUDY MODEL HOME .- Practical Lesson in Architecture and Construction Gained by Visits to The Star’s Various Ex- hibit Houses. bined study of rompetent architecis ‘and builders who have spent a: great. part of their lives in trying to per! fect residential construction. The de.| ning architects .and the builders: ave during the visits endeavored to’ give the students a brief resume nnt. only of the construction of the par- ticular projects visited by them. but the reason for the various designs. and materials placed in them. The students have thus been able riot oniy to study the actual construction he- fore them. bhut also to benefit from the yeafs ‘of experfence and the :monthx. of conference on the part of archi- tects and bullders who are engaged in erecting the houses. o The model homes e heen spon sored by The Star to encourage home ownership and the erection of more beautiful homes in:-the National Capi tal. Thus by the visits ef the stn dents’ of the District public scheols who are fitting themselves for pro- fessions closely allled with the bhuild- ing and beautification of Washington the houses are able to serve as a model to those who will design and erect manv of the residences here in the future. Furnishings to Be Studied. These students and others who are contemplating visiting the various projects have done 30 at this time: in order to see the houses in courses | of construction and to study the vari-, ous technical detafls in regard to, them, Now that the committee on interior decorating for the demonstrae. tion has been appointed and the com-, pletion of the structures ix drawing near, the ‘furnishing of the model homes will be one of the big problem= to engage the attention of those in charge of the demonstration. hen .the houses are fully com- plete in regard to interior decos and landscaping the various cl in domestic science and home econom- ics in the local educational institu: tions will visit the houses. $100,250 LOANS HERE BY INSURANCE CO. Loans totaling $100,250 suffielent, to provide housing accommodations for 19 families in Washington and ita suburbs were authorized by the Metropolitan Life Insurance Com- pany real estate committee at its meeting. The loans were placed through the Potomae Savings Bank of Washington. Loans on honds and mortgages amounting to $5,521,216 were author- ized at the same mesting, of which $4.037,066 were city loans and $1,484.- 150 farm loans. The city loans in- cluded $3,°12.566 for housing and, $824,600 for business buildings. The housing loans were scattered in 3§/ States and provided housing accom- modations for 869 families. The tarny loans were scattered in 1% States, the principal amounts being in 664,900 Minnesota, $135,800. souri, $175,500; South $144,550. T 4 m OCATED on Warhington's most fashionahle houlevard immediately west of Sheridan These homes built by the Weller Construction Company, Inc., were designed by J. Henry De Sibour, who has planned the most complete hontes of its type that has ever Gircle. been offered in Washington. ¢ 110 O O IIIIIIIHilIIbIm A Inside House FIRST FLOOR—Entrance Hall Room, Lavatory Room, Laundry, etc. MAIN FLOOR—Parlor with 9 Roeom withe antry. s lounge, Dinin, Kitchen and g MAIN BEDROOM Ritz Closets, Dressing / [ . Storage Roy ms, Toilet, Bl ren fireplace, pen fireplace. FLOORS _pedroom wv:r‘h Room, Upstairs Living Room with firep/ bk gath& ace, Bedroom and TOP FLOOR--Two Bef 7 Maid's Room and Bj gpo°™ and Bath, I, 4 Corner'~ House .Overlaoking / FIRST FLOOR—] Den with fir Servant’s Hy Two-car G ant’s Toile, MAIN FLOOR and Louy Heated . Rock Creek Park ntrance Hall. Stair Hall, vcplace. Coat Room, Toilet, all, Laundry, Trunk Room. rage, Drying Room and Serv- —-Parlor with fireplace, Library .ge, Dining Room with fireplace, Conservatory, Kitchen, Pantry, Refrige/ cator Room. MAIN B :JROOM FLOOR—-Two Bedrooms with/ Fyeplaces, Dressing Room with Ritz Cloy ¢, Bedroom and Heated Sleeping P"‘"’ ch, each room with Private Bath. TOP F,’_ ~OOR—Two Bedrooms and Bath and 3 4 .ree Maids’ Rooms and Bath. 4 il Houses are Equipped with Electric Re- . sragors and. One-Thousand-Gallon Oil Tanks sed Into Furnace Room Ready for Installa- * sn of Oil Burners. bpen ‘Daily and Sunday Until 9 PM. Your Impect_ion'; Invited u’)_ o van Broker - 0000 A