Evening Star Newspaper, December 26, 1936, Page 23

REAL ESTATE. REALTORS T0 SEAT HEADS N ST. LOUIS Installation of Officers to Be Held January 28 and 29 at Convention. It's to be St. Louis for the cere- mony in which officers-elect of the National Association of Real Estate Boards and heads of its institutes, divi- sions and councils for the year 1937 will be inducted into office. At the invitation of realtors of the Bouth Central region, the first quar- terly meeting of directors of the Na- tional Association of Real Estate Boards for the year 1937, and formal installation of officers of the associa- tion and of its institutes, divisions and councils for the coming year, will be held in conjunction with the South Centrals regional convention of the assocfation, which it is announced today will be held at the Statler Hotel, Bt. Louis, January 28 and 29. The National Association's Board of Directors will meet January 28, with & meeting of the Executive Committee | of the association in the morning of the same day. It is tentatively planned that meet- ings of executive boards of the asso- ciation's institutes, divisions and councils will e held on January 27 and on the morning of January 28. New President to Be Seated. Walter W. Rose, Orlando, Fla, president of the association, will in- stall the incoming president, Paul E. Stark of Madison, Wis., who in turn will install the group of officers and directors elected at the recent convention of the association in New | Orleans to serve with him in the €oming_year. Mr. Stark is expected to be princi- pal speaker at the installation cere- monies. Realtors from eight States, Missouri, Kansas, Arkansas, Oklahoma, Louisi- ana, Texas, Colorado and New Mexico, will gather at St. Louis January 28 and 29 for the South Central regional convention. J. C. Nichols of Kansas City, Mo, who continues as vice president of the association for the South Central region, is scheduled to open the regional convention, taking as the topic of his address, “Why I Am in the Real Estate Business.” Round table discussions, vigorously eonducted to bring out opinion and - experience on leading present-day questions in real estate practice will | be a feature of the convention. The small general real estate office, and successful methods for such an office, are expected to have a very prominent place in the “methods” talks of the convention. Present-Day Questions Up. Group meetings for discussion of various specialized fields of real estate activity are planned. The convention discussions will cover present-day questions of first importance in mort- gage finance, home building and land development, appraisal, real estate sales and leasing methods, farm land futures, industrial property move- ments and administration methods for the work of real estate hoards. ‘The convention will bring to real- tors of the section national leaders in these various specialized fields. Heads ofe institutes, divisions and THE. EVENING STAR, ‘\';ASHINGTON, D. C, SATURDAY, DECEMBER 26, 1936. Realtors Hold Christmas Party are out of proportion to the cost of living now as compared with 1928- 1929. Has Had Few Disputes. “Up to the present time, the build- ling industry in Louisville has been ! happy and fortunate in having very few labor disputes or strikes. This situation is primarily due to the fact | that Louisville has always been an open shop town. Some of the princi- | pal trades such as carpenters and | bricklayers have been largely union- | ized, but they have always been rea- sonable and fair in their dealings and | easy to get along with. “This happy situation may npt con- | tinue, as the representatives of organ- ized labor have frankly stated tha’ Construction. _(Continued Prom First Page.) cities with a population of 10,000 or over amount to $1,219,157,000, an in- crease of 63 per cent compared with the corresponding period of 1935, All | classes of construction shared in this gain, but the greatest improvement during the year has been in new resi- dential construction.” The data collected by the Bureau of Labor Statistics include, in addition to | private construction, the number and value of buildings for which contracts were awarded by PFederal and State| Scenes at the realtors’ an- nual Christmas party which was held Tuesday in the May- flower Hotel with more than 500 persons in attendance. Upper photo, left to right: Morris Cafritz, toastmaster and chairman of the Program Committee; Miss Ida Clarke, one of the entertainers: Roger Whiteford, counsel for the Washington Real Estate Board; Commissioner Melvin C. Hazen and Morton J. Luchs, vice president of the Washe ington board. Lower photo: J. McKenney Berry, Ben T. Webster and H. L. Rust conferring during the party. —Star Staff Photos. apartment houses to cost $1,775,000: for factory buildings to cost nearly $900.000, and for store and mercantile buildings to cost $470,000; in the borough of Queens for apartment houses to cost nearly $2.000,000; in | Chicago for factory buildings to cost | nearly $300,000, and for store and | mercantile buildings to cost $240,000; | in Detroit for factory buildings to cost | over $350,000, and for stores to cost ! nearly $400,000; in Columbus, Ohio, for apartment houses to cost $780,- 000; in Milwaukee for store buildings | | to cost $285,000; in Washington for | apartment houses to cost over $1,200,- 000; in Baltimore for factory build- | ings to cost $340.000; in Louisville for apartment houses to cost $560,000; in | Memphis for an institutional build- | ing to cost nearly $400,000; in Albu- | querque, N. Mex.,, for a school build- | g to cost over $310.000; in Salt Lake City for store buildings to cost | $275000, and in Los Angeles for | apartment houses to Cost over | $500,000. A contract was awarded by the| Low-Cost Housing Division of the | Public Works Administration for a | | NON-FARM UNIT + INCREASE S SEEN Housing Administrator Fore- casts Building of 400,000 Structures in 1937. Between 400,000 and 450,000 non- farm dwelling units will be constructed during the year 1937, according to an estimate made public today by Stewart McDonald, Federal housing adminis- trator. This will be an increase of approxi- mately 50 per cent over the year 1936. It is estimated that during 1936, ap- proximately 270,000 non-farm dwelling units have been constructed. ““We have tried to make very careful estimates of the number of non-farm dwelling units constructed in this country from year to year since 1920. and especially during the year 1936,” said McDonald. “The most careful estimate that we can make is that during the present year about 270,000 non-farm dwelling units will have been constructed. If this estimate is in error, the error arises from under-statement rather than from over-statement, Number Exceeded. “In an address I delivered in New York on March 9 last, I estimated 250.000 non-farm dwelling units would be bullt this year. Certainly this num- ber has been exceeded. “Now, on the basis of all the infor- mation at our command, and the most reliable opinion we can secure, there will be an increase next year of ap- proximately 50 per cent over the num- ber built this year. Tentatively, we be- lieve that between 400,000 and 450,- 000 non-farm dwelling units will be constructed during the calendar year 1937. This is somewhat under the number built in 1929, which we esti- mate to be approximately 500.000. It is about the number built in 1921, which we estimate slightly in excess of 400,000. It is under the average num- ber built per year during the decade 1920 to 1929, which we estimate to be about 700,000.” Production Guides. McDonald stated that the produc- tion of this number of dwelling units in 1937 depends upon s number of elements regarding which certain as- sumptions have to be made. The prin- cipal of these are: 1. That no considerable decline oc- | curs in the volume of industrial pro- | duction and the corsequent volume of incomes in the United States. 2. That the present supply of funds for financing new construction is not appreciably diminished. | | 3. That the cost of building does | not rise so precipitantly as to con- | stitute a major deterrent to building. A slight increase in the cost of build- ing we do not believe would consti- tute such a deterrent, but a precipitant rise might be a serious impediment. | The principal forces operating to | induce a larger volume of building | next year of residential structures are believed to be the following: 1. The increasing volume of in-| comes arising from a high rate of in- | dustrial production and a growing volume of business transactions. ' 2. The abundance of credit available on relatively easy terms and for long periods. GARDEN HABITS CHANGED | Plots Now Placed in Front of Homes in Havana. - Real estate men who returned re- cently from s tour of old Havana found that building ideas in the Cu- ban city are in reverse. In the old days gardens and lawns were in the rear of the houses or behind walls. The new idea is to place the gardens in front. This means that living quarters also are located in the front of the house and kitchens in the rear. In other words, the seclusion. as it was known for centuries in the old city, seems to have ended and the romantic senoritas who cast longing glances on the outside world through heavily-barred windows, now will come out in the open. LOAN FIRM HEADS MEET IN FEBRUARY | Midwinter Conference Will Be| Held in Boston, L H. Marston Says. The Midwinter conference of the | American Savings and Loan Institute | will be held in Boston February 19 and 20, it is announced ‘by Lawrence H. Marston, Malden, Mass.,, president,. | Devoted particularly to the educa- | tional and research phases of the thrift | | and home financing institutions, this | organization expects an attendance | on a national scope of between 200 and 300 executives and staff workers | in the business. | The institute has had a local chap- ter for the Boston practitioners of the business for eight years, and its | program of night school work, curric- ulum, faculty and general set-up have ‘ | often been used as a model in other | | communities, The Boston chapter | will be the host organization at this | year's conference. Ths will be the first time the con- | four years. Blue Enlarges Room. A room finished in shades of reds or yellows appears smaller than one | in a tint of green or blue. Rooms of identical size can be made to appear | at least one-third larger by tinting ‘\them with shades of blue or green. | Rain or Shine Inspect 728 Easley Street Silver Spring, Md. New detached 6-room, 2-bath brick bargain on large lot. Near schools, stores and bus. Out Georgta Ave. to Oak Ave. (in the heart of Silver Spring), and turn right on Femton 13 block to Easley St. Continue to home. 110 Varnum St. N.W. Thoroughly, recondition- ed semi-detached brick, 22 ft. wide; 8 rooms, 2 full baths, lavatory, rec- reation room, automatic heat, 2-car garage. ference has been held in the East for | | REAL ESTATE. LOAN FIRMS CITE DIVIDEND RISE Average Return on $120,- 000,000 Distribution Is Slightly Over $16. Distribution of $120,000,000 in divi- dends for the last half of 1936 will be completed by the savings, building and loan associations of the country by December 31, the United States Building and Loan League reports. The dividend total is approximately the same as for the first half of the year, reflecting the fact that increased earnings in these institutions have charatcerized the entire year of 1936 on account of home-lending activities, which passed the billlon-dollar mark. Morton Bodfish, executive vice presi- dent of the league, indicates that the average individual dividend will be between $16 and 817, with something | over six million shareholders partici- | pating in the profits from these co-| operative home-financing agencies. | Actually, some individual accounts range high enough to receive several | hundred dollars, while there are nu- | merous cases in which less than $1| will be earned by an individual who | has just started a modest systematic | 1 Nem _firar:h Nn. 1 Resolution Purchase a Home 3224 Oliver N.W. Near graded school and bus. just oft Nebraska Ave, 2 stories and cei & rooms (4 bed rooms). bath. s ing porch. h.-w.h.. oil burner. ele: 2;¢ar. built-in garage. Lot $0x130. Tice SS.030 238 9th St. N.E. This property has a 2-car, 2-story. brick garage that will accommodate a truck and pleasure car. and shop for contractors. painters paper- hangers or carpenters. This home has 6 rooms, bath. h-wh. elec. J newly decorated. Price, y $5. L. T. Gravatte 320 15th St. Realtor Natl. 035 Office Closed Dec. 2 Ahdis r 26 and J For__Appointment. _Georgia 50 Cc3 savings program with an association during the past three or four montha. Bringing the total of distributed earnings for the year up to $240,000,« 000, the year-end dividend payments have varied somewhat in exact da of their computation. Some associ- ations are on a quarterly basis, and in those cases the estimate for the past six months' dividends has ine cluded both of their last two quarter distributions. There ix also a sizable group whose fiscal year ends Deceme ber 1 and actual payment of the divie dends has already taken place. These are also included in the estimate for the last six months. The Federal Treasury will be ree ciplent of between $2,000000 and $3.000,000 of the dividends distributed for the period, since several hundred associations have shares purchased by the Treasury and the Home Owners’ Loan Corp. in the past two years’ emergency program to get more funds for home financing directly to work. Chevy Chase D.C, 5404 Broad Branch Rd. N.W. A REMARKABLE HOME IN A MARVELOUS LOCATION ® Nine Rooms ® 2 Baths ® 3 Lavatories TO REACH: Drive out Conmecticut Ave. to Nebraska Ave., turn east to Military Road, beay left on Broad Branch Road. 50 yards to home. _THROCK| REALTOR Investment Bldg. & A fapymy New Yrear AND A LIFETIME OF HAPPINESS AWAIT YOU IN ) ~ A suburb where Nature and Craftsmanship combine to provide most comfortable living. SEE EXHIBIT HOME: 4501 DEXTER ROAD N.W. 4 Bed Rooms, 2 Baths, Modern Electric Kitchen, 2-Car Garage Spacious Lawn Beautifully Landscaped Drive out Massachusetts Ave. to Cathedral Ave. to | their objective is to make of Louis- | governments in the cities included in | housing project in Toledo, Ohio, to| 3. Rising rents on residential prop- 44th St., then south three blocks to Dexter Road. councils for the year 1937 are ex- pected to have a prominent part in the convention discussions. These in- clude: E. ‘L. Ostendorf, Cleveland, who at this meeting will take the presidency of the American Institute of Real Estate Appraisers; Kenneth S. Keyes, Miami, Fla., chairman-elect of the Brokers’ Division; Harry A. Taylor, | East Orange, N. J, president-elect' of the Institute of Real Estate Man- agement; Charles S. Wanless, Spring- fleld, Ill, chairman-elect of the Land Developers and Home Builders' Di- vision; Hugo Porth, Milwaukee, Wis., chairman of the National Mortgage Board; William E. G. Gaillard, New York City, continuing as chairman | of the Industrial Property Division; | ‘W. D. Davis, Kansas City, fmxrman- elect of the Institute of Farm Brokers and Managers; Cincinnati, chairman-elect of the Sec- retaries’ Council; W. P, Bridges, Jack- | son, Miss., chairman-elect Btates Council A moving picture presenting the best methods of real estate salesman- ghip will be one of the unique features ©of the program. of the Architects (Continued From Pirst Page.) boom and spread the activity over & longer cycle. “If the period of building is to be prolonged, it will be necessary for labor to be sensible and moderate in its demands and actions labor in Louis: has recently raised wages in several of the major trades, and other trades will undoubtedly fol- low suit. It looks as though poor Judgment has been used in increasing wages 50 much at this time, for they Harry J. Mohlman, | Organized | | ville & closed-shop town including the | | unionization of common labor. Archi- | tects are not employers of labgy, but | ‘Xhfl' should be very nfuch interested | in this subject because it will mean increased cost of building and many | more jurisdictional disputes and strikes at the times of greatest activity, “Architects have perhaps held them- selves too much aloof in the discus- sion of labor matters in the past. | Here is another opportunity for them to use their influence in the interest of justice and fair play for all con- | | cerned.” ROOM’S WALLS GREEN | Bright Accessories Advised with‘ “Recessive’ Shade. In a living room recently exhibited the wall color is of hunter's green. This is one of those “recessive” shades which gets darker on a cloudy day or under artificial light. With this tone it's advisable to use plenty of light-colored, bright accessories, The ceiling of the exhibit room is painted | a golden yellow—or honey—color, | which is repeated in the sofa cover- | ing and in a darker shade in the | carpet. The dining table and chairs placed at one end of the room are of bleached wood, as is & series of | sectional bookcases of modern design. | A large, frameless mirror extends | from the top of the mantel to the ceiling. | Where electric conduits come in| from the street to the house underl‘ ground, they must be of a water-| proof type. If moisture is allowed to reach the wires, a short circuit will result, with inconvenience to the householder and damage to the lawn. IF YOU WANT REALLY BIG ROOMS SEE MODFL HOME 132 INGRAH OPEN DAILY AM ST. N.W. Open Daily and Sunday to 9 P.M. 'HIS home is one of the “roomiest” homes you'll ever see. contains six REALLY BIG baths, beautiful recreation room in basement. Fireplace Gas heat It rooms (three bed rooms), three and EXTRA finished bed room Lot 157 feet deep. Many unusual features, appropriately displayed by the beautiful home furnishings. See it today. Drive Out Now Out Kansas Ave. to Ingra- hom St and right 2 blocks to homes. Built by Scl BEIZEL] REALTOR 1515 K ST. DL 31 hwinn, lnc, the report. For November, 1936, the value of these public buildings amount- ed to $7.303,000; for October, 1936, to $7,876,000, and for November, 1935, to $7,661,000. Large Projects Listed. Permits were issued during Novem- ber for the following important build- | ing projects: In Boston for an office building to cost $850,000; in New- burgh, N. Y., for a school building to cost $465.000, in New York City— in the borough of the Bronx—for | apartment houses to cost over $2,200.- | buildings associated with the life of 000; in the borough of Brooklyn for /the poet Pushkin. NEW BRICK HOMES $5,950 1712 LYMAN PL. N.E. (17th St., V2 Block South of M St.) Quality Homes—Built to Endure Second-floor room piped for kitchen equipment; easily converted for two families; full tiled bath with shower; Electrolux refrigerator; insu- lation; furred walls; screens; weather-stripped; full cellar; concrete porch. Ready to move in oP O. T. & W. A. CARR, INC. Owners—aBuilders Mills Bldg. cost over $1340,000; for a project in Omaha, Nebr., to cost over $1,300,- | 000, and for a project in Washington to cost nearly $1,500,000. A contract was awarded by the ! Procurement Division of the Treasury | Department for a post office and | Federal court house at Aberdeen, 8. Dak., to cost more than $385,000, . Pushkin Sites Reclaimed. Russia is reclaiming the sites and every modern convenience; Terms to suit EN Na. 2865 16th St. Well located on a ins 9 rooms, including Recreation room, 13x24 wi floor. with eil. Price *15,850 Owner-Builder JUST COMPLETED A distinctive Colonial Home west of overlooking Rock Creek Park in a vicinity of $40,000 homes. 7920 Orchid St. N.W lot, thi charming home con- maid’s room and bath. h stone fireplace and 2-car built-in garage, THIS 1S AN ELECTRIC KITCHE HEALTH HOMSE N Open Daily and Sunday. Owt 16th 81. to Orchid St., 1 block west to home W. C. KREMKAU Georgia 3812 | erties which constitute a widespread phenomenon. 4. An emerging demand for dwell- ing units in excess of the existing supply. The vacancy ratio in desir- able and even in habitable dwellings is declining rapidly in many urban communities, You w unmistakable distinctiveness construction. Purnishings by Potthast. OPEN SATURDAY AND SUNDAY RALPH MORGALI Real Estate Broker 923 15th 8. N.W, National 4353 L& Breuinger & Soms 1730 K STREET NATIONAL 2040 Announcing the Opening of a Silver %j\@? Home 3100 Foxhall Road YWesley PHeights We invite you to inspect this latest achievement in home designing, which adds another charm to these picturesque and exclusive communities of Wesley Heights, Spring Valley and Westerleigh. its livableness. characterizes ill be impressed with that Inc: russ by Hinkel 1Ine: It is different, M but has the iller designing and Miller draperies by Wesley Heights Shovs Motor out Mass. Ave. inio Cathedral Ave. and follow the sign to the Silver Star Model Home. e veritable fairyland with the onds of gleaming ghts, twinkling in the trees It 1s @ sight not to & A. N. MILLER Developers and Builders 1119 17th Street District 4464