Evening Star Newspaper, January 29, 1927, Page 20

REAL ESTATE. REALTORS ADOPT 1 CHANGE IN RULES Revised Constitution Will Give Closer Relation Be- tween Groups. in the consti- tution of the octation of Real Estate B ch will make possible a closer working relation- khip betwe-n the national association #nd the various State and provincial real estate associations of the United fitates and Canada, were unani- mously adopted by the association at 1ts annual business meeting at Miami, Fla. The changes adopted are 1. Formation of a States’ council hinery of the na- This change is to become effective as of January 1, In the new States’ council each State or province having two or more ards will be represented ors, and each State or province or Federal district hav- ing one member board will be repre- gented by one councilor. State councilors shall be elected by mem- ber boards of the national assock tion in each State or province vot- ing on the basis of their delegate representation in the association. The States’ council shall consider matters pertaining to te legislation, State taxation and State association poli- cles, and may make recommendations to the board of directors of the asso- clation with respect to such matters, Memberships Additions 2. Additions to the membership of the board of directors of the national mssociation so as to give the various State groups of real estate boards representation as such in this body, in which is vested the government of the assoclation. This change will become effective as of January 1, 1928. 3. Permission for the board of directors of the national association to enter into a membership agree- ment with any qualified State asso- clation that may vote such an agreement. This agreement would unify membersk tween the nhtiona State association. This provision be- tomes effective as of Ja 1, 3827. The present national board of presidents and secretaries of State yeal estate associations is continued as @ part of the machinery of the mational association for rewaferring on administrative problems of State assoclations. Each new State coun- cilo r is given the duty of acting as sdministrative officer of the national assoclation within his State or province. The number of vice pres- idents s reduced from the 15 pro- yided for during the year 1927 to 6. This change will become effective January 1, 1928. The vice presidents are to act as the representative of the president i such matters as .nay be assigned to them, The executive committee of the national assoclation under the new plan will consist of geven persons, the president and six persons selected by him from the board of directors. New Directors’ Board. Under the new provision the board of directors will be made up not only of the 15 directors at large elected for a three-year term and the pres- ident and treasurer of the associa- tion (ex-officio), as is now the case, but in addition of the following: Fifteen directors to be selected from different States or provinces elected for a term of one year. (The States’ council as above constituted is given the duty of recommending Important ch Corner Home $8,950 Two-story brick home of six large roors and bath. Completely reng- vated throughout,including new roof, new hot-water heating plant, new ectric fixiures and new hardwood rs. 1441 E St. SEE. Corner of Kentucky Ave. One of the best southeast residen: tial sections mear stores, churches, schools, etc. This is & real bargain or $500 Cash—$75 Month Open Sunday 10 A.M. to 6 P.M. Longfellow Sts. Your Money Can Be No Better Spent Than in One of These Beau- tiful All-Brick 7-Room Homes 5610 5th S Priced from $9,750 & up g Terms made to suit you g Reultor 1414 K St. N.W. Main 1022 The recent general downward trend of wholesale prices continued through December, according to information collected in representative markets by the Bureau of Labor Statistics of the United States Department of Labor. The bureau's weighted index number, which includes 404 commodities or price series, registersd 147.2 for De- cember, compared with 148.1 for No- vember, a decline of more than one- half of 1 per cent. Compared with De- cember, 1925, with an index number of 166.2, there was a decrease of 5% per cent. The 1913 price levels are taken 88 100 in the {ndex figures. Fuels showed the largest decline from prices of the preceding month, Farm products .. . Live stock and poultr Other farm products. Foods .. e Meats . Butter, cheese and milk Other foods. . Clothing material. Boots and shoes. Cotton goods. ‘Woolen and worsted goods Silk, ete. . . Fuels Anthrac! Bituminous coal. Other fuels. .. Metals and metal products. Iron and steel ... Nonferrous metals Bullding materials . Lumber Brick Structural steel . Other building ma Chemicals and drugs . Chemicals . Fertilizer materials . . Drugs and pharmaceuticals . Housefurnishing goods Furniture Furnishings Leather Paper and Other miscellane Miscellaneous . Cattle feed . All commodities . to the nominating committee of the national association 15 nominees for these 15 directorships, with the pro- vision that one of the nominees shall be the presiding officer of the council.) The living former presidents of the national association who con- tinue to be affillated with their local boards. Five vice president (ex-officio). The eight chairmen of divisions of the assoclation (ex-officio). BUILDING LABOR GOOD. Opening of 1927 Finds Construc- tions Conditions Sound. ‘The opening of the year finds the labor situation in the bullding in- dustry in a sound condition, says the 8. W. Straus Co. in its monthly sur- vey report. Wages are stabilized and the crafts have sufficient build- ing in prospect to justify a feeling of security in their employment during the early months of the year. A wholesome tone is prevalent in the Groups and Subgroups THE EVENING BTAR, WASHINGTO. Downward Trend of Wholesale Prices Continued in December, Survey Shows due to pronounced decreass for bitu- minous coal and coke. In all other groups except farm products and mis- cellaneous commodities December prices averaged slightly below those of the month beforc. Farm products were slightly higher than in Novem ber, while there was practically no change in the general level reported for the group designated as miscel- laneous. B Of the 404 commodities or price serfes for which comparable informa- tion for November and December was collected, Increases were shown in 93 instances and_dec in 137 In- stances. In 174 instances no change in price was reporte Index Numbers of Wholesale Prices 1 19286 industry, and labor appears willing to co-operate whole-heartedly with in- dustry in the building program of the country. On Janua bullding crafts in E increased, following the labor culties that prevailed in that city in the Fall, During December the building ma.- terial situation, except for minor local variations, 1emained practically un- changed. Portland cement prices d clined in the Middle West, Cedar Raplds, Minn Paul. The Boston enced several changes, showing de- clines in lime and hollow tile and in- creases in sand, gravel and common brick.- Lumber pri continued to fluctuate, especially Douglas fir. Steel quotations remained firm. Standard construction indexes show an increase of from one-half per cent to 1 per cent for December over Janu- ary, 1926. This is solely attributable to the increase in labor costs. Build- ing material costs, although varying throughout the year, frequently due to local influence, have been more or less steady for the country as a whole. Of the four main building ma- terials lumber has been the weakest. $6,750 to $7,150 SALES OF CO-OPERATIVE APARTMENTS INCREASE Purchasers at Hilltop Manor Listed Show About 30 Types Have Been Sold. The list of purchasers of apartment homes fn Hilltop Manor, 8500 Four- teenth street, Washington's newest and largest co-operative apartment building, 1s growing and already some of the 30 different types have been s0ld out. Hilltop Manor is an apart- ment hotel erected by the Cafritz Co. Those who have purchased apart- Haig N. Solakian, Eula hern, A. B. Cauldwell, W. Thomas, A. Mabel Stiles, A son, George H. , Jefferson Middleton, Chester Mrs yn S. Aaron, e and Lou . Abbott, John ison, Claude m, U. David Seltzer, Florence iley, Belle J. Clifford, Joseph A. Cunningham, Miss C. Wright, h B. Holland, John Dennee, Byrn, George . Campbell, Della P. Burdette, Arthur Woodmansée, Julia T. Bird- song, Lucy K. Whitacre, Jeannle Y. N Blanche Turner, S. Baum, s Bynam, Grace Cauldwell, L. James, James G. Wilson, Cecile Birgfeld, Mrs. Dorothy - Fair, Maude D. Buss, Laura Mary D. end Caryl C. McCreery, Hobson Hardee, Sidney H. Thompson, Miss Cora M. Funt, Mabel 1. Wheelock and Harriett M. Chase, L. B. Norris, Phebe A. I. Howell, Margaret F. Keenan, Annle V. n, Annie C. Sullivan, Effe , Mrs, Florence S. Kenny, Wil- liam V. Hukill, Mrs. Margaret Beall, William _G. Mundinger, Emma E. o L Yost, Vera K. . Cha Mary M. McClure, Tone Stan ton, Joseph "A. Fisher, Adelaide M. McCague, Claudia Thomson, Edmund J. Flynn, Evangeline A. Benollel and John J. Tancill, jr. TAX STUDY IS URGED. State Boards Requested to Consider New Virginia Act. _'The National Association of Real Estate Boards at its annual Mid- winter convention at Miami last week up extensively the question of and taxation, urging ious State and local boards art to study the new tax law of ia, in which real estate and onality are given to the municipal authorities exclusively for taxation. The question of municipal taxation is also being discussed, it being point- 1 out that only 10 per cent of the total tax on estate is used to op- ate governments and the re- ining 90 per cent being used to operate municipal government, and that there are many cases where real estate in some municipalities pays the entire cost of running towns or citles. It recommends segregation to the success of taxes on classified intangi- bles. The poll tax, sales tax, uniform inheritance tax, uniform acknowledg- ments, uniform mortgage laws, laws against usury and_ proper regulation and proper study of regional planning will be made by various committees of the association in order to bring about the betterment in this field. It matters little what it is that you want—whether a situation or a serv- ant—a want ad in The Star wili reach the person who will fill your need. Speed is the thing now No Such Terms Next Spring—Come Out Today FORT STEVENS RIDGE HOMES ’ $350 Cash—$55 Monthly New, brick-built, semi-detached houses, of six bright rooms with tiled bath and hot-water heat radiation; and a warm basement with excellent laundry facilities—homes ready for occupancy. The monthly payment of $55 includes all interest as well as being a substantial payment on the principal. The interest rate is lower than any other building operations—6 per cent. Fort Stevens Ridge is 20 minutes from the Treasury by auto. Chain stores, markets, banks, schools and churches are within ‘walking distance. Exhibit House: 619 Rittenhouse St. N.W. Drive out 16th Street through Colorado Ave. Georgia Ave. cars or 14th Street cars marked * Open every day until 9 in the evening. WARDMAN Our Address After Today: 1437 K St. N.W. to Rittenhouse St., or take to Rittenhouse St. Main 3830 0., SBATURDAY, JANUARY 29, To Inspect Take 14th St. caor marked “Takoma Park,” get off at Pea- body St. and walk one square west, or driwve out Georgia Ave. to Rittenhouse St., East to 4th St. and South to Peabody. 19217. REAL ESTATE. Beautiful Semi-Detached Homes in or Near Washington These Homes Contain More Features Than Many Other ‘39’ Preston E. Wire Co. Investment Building Homes at the Price 750 to #10,500 Sample Home, 6006 4th St. N.W. (Completely Furnished by Mayer & Co.) Open Daily and Sunday Main 2002 HOME OWNERS ARE HAPPY AND CONTENTED—OWN YOUR HOME! “We Challenge Comparison’ of these Dunigan Petworth Homes On Farragut St. N.W. - SEE THEM SUNDAY BEFORE ALL ARE SOLD Open and Lighted Daily and Sunday Until 9 P.M. The Largest Six-room Homes in Washington at the Price! You'll Find in Them Many Features Other Homes Don’t Have Located in the heart of Petworth, convenient to cars, busses, churches, schools, stores, Nearly all sold, so don't delay in seeing them if you want to live in this desirable location. Southern Exposure—Paved Alley moving pictures, 'D. J. DUNIGAN, Inc. 1319 N.'Y. AVE. N.W, BUY WITH CONFIDENCE—BUY A DUNIGAN ALL-BRICK HOME!! 22 PHONE MAIN 1267 ete.