Evening Star Newspaper, May 16, 1937, Page 23

-MORTGAGE RATES REDUCTION SEEN Wagner to Back Bill for U. S. Bank Survey, Con- vention Told. =By s Associated Press. NEW YORK, May 15.—Reduction of interest rates on home mortgages, with resulting stimulation of new bufiding, was forecast tonight at the Closing session of the Central Atlantic Regional Convention of the National Association of Real Estate Boards. 8everal proposals were advanced to overcome deterrents to real estate re- covery cited by speakers at 4he con- vention yesterday. Edward A. MacDougall of New “York, chairman of the assoclation's Committee on Real Estate Finance, sanounced that Senator Robert F. Wagner of New York had given as- surances he would support a bill providing a survey to determine the need for a Federal mortgage bank. Bill Offered in Senate. « A Dbill to establish such a bank, privately managed and Government- supervised, has been introduced in the Senate by Wagner and Senator Claude Pepper of Florida. Mortgage interest rates, one of the deterrents feared by the realtors, un- doubtedly would be reduced by a mortgage bank, sald MacDougall. In an address at the final banquet session, Paul E. Stark of Madison, Wis,, president of the association, declared a vast amount of capital is available for financing real estate projects. Sees Building Stimulated. ‘That condition will exert a ten- dency to lower interest rates and| stimulate building, he said, and “re- | covery will bring thousands of new knocks at our doors for homes and for the leasing of commercial prop- Concerning rising costs of construc- tion, Robert W. MecLaughlin of New‘ York, chairman of the Board of| American Houses, Inc., predicted that | methods of putting together the 30,- 000 pieces used in a five-room house tould be revised so as to cut them “perhaps by 99 per cent.” FEDERAL BOARD HELPS AVERT STRIKE OF 8,500 | Recommendation Is Seen as Nulli- fying Threat of Train- men. B> the Assoctated Press. SAN FRANCISCO, May 15—A spokesman for the Southern Pacific Railroad said today the findings of othe Federal Emergency Board, an- nounced in Washington, had virtually nullified a strike threat involving 8,500 employes. The company disclosed the board had recommended the railroad cancel the so-called “secret agreements” with the Brotherhood of Locomotive Engineers and the Order of Railway Conductors, senior organizations. | ‘The junior brotherhoods—the Loco- motive Firemen and Enginemen and | the Brotherhood of Railroad Train- men—called a strike a month ago con- . tending the allegedly covert agree- | ments violated their right to represent their members in collective bargain- ing with the company, and violated the railway labor act. ‘W. E. Jones, general chairman of the Brotherhood of Locomotive Fire- HE SUNDAY S1AR, “He’s Too Old a Man for Such Capers” Mrs. George Maurer heels in a head stand on his 82nd birthday anniversary. Jor 20 years. She tried to dissuade him this year. ‘Devil Dogs to Umpire Game Between Press and Congress Disinterested and non-partisan um- pires, in the persons of “Devil Dogs” from the Marine Corps, will officiate Saturday in the base ball game at Quantico, Va., between teams repre- senting the House of Representatives and the press gallery. The contest will be a feature of the annual Anchors Aweigh party of the National Press Club. The use of out- side umpires was demanded by team members in protest against reports the game was “all in fun.” In the game between the two teams two years ago congressional leaders and other officials did the umpiring. Maj. Gen. Charles Lyman, com- mandant of the Quantico base, has agreed to provide the officials, who, according to reports, “are so tough they will not hesitate to call close decisions even when they involve members of the Appropriations Com- mittee.” The Press Gallery nine, each mem- ber of which is an accredited repre- LOOK FOR THIS EMBLEM WHEN YOU LOOK sentative of a newspaper or a press service, has been practicing for the past several Sundays. The Congress- men, either ex-college players or ex- professionals, have worked out in the House gymnasium. Representative Richards of South Carolina, is captain and pitcher of the House team. The Gallery nine is headed by L. E. (Babe) Whute of the Times, who will play first base. The game will last for an hour and & half, but to prevent congressional “fllibustering,” the committee in charge reserves the right to be “rea- ARMSTRONG & Royal Rug & of Dale, N. Y., disapprovingly watches her husband coltishly kick his He has been doing the trick annually —Copyright, A. P. Wirephoto. sonable” about calling time. Fred W. Perkins, Pittsburgh Press, is chairman of the committee. AUTO POLICE TOLL HIGH Motor Vehicles More Deadly Than Guns, Records Show. ALBANY, N. Y, May 15 (#).—Mo- tor vehicles are far more deadly weapons than criminals’ guns in law enforcement, records of the new State police disclosed today. Of 41 troopers killed in line of duty in the department’s 20 years of exis- tence, only six were cut down by bullets. Two died in an airplane crash and one drowned. Automobiles and motor cycles caused the deaths of 32, SLOANE INLAID CEMENTED TO YOUR FLOOR GENUINE ARMBTRONG'S OR SLOANE'S HEAVY INLAID. with colors running throush to back cemented to your floor for only @bors PREE. T Yard 0rs ! & SBENSATION! ar INCLUDING LAYING SPECIAL INLAID FLOOR COVERING. [ Beautiful patterns, each COMPLETE. Seuare Yard WASHINGTON'S NEWEST LINOLEUM SHOP Linoleum Co. WASHINGLUN, D. (., MAY 16, 100 OPENS NEW MAMMAL HOUSE 100 Small Creatures Already on Exhibition in $275,- 000 Structure. The Zoo's new $275,000 house for great apes and amall mammals, with its partially complete collection of small American animals, was officially opened to the public yesterday after Federal inspectors and the contractor 1¥3i—PAKL ONKE. settled a difference arising from minor detalls of construction. The elaborate new display building, perhaps the finest yet completed at the Zoo, was opened for several days last week and closed again after Procurement Division inspectors de- clined to give final approvil becaure of alleged defects in the finishing work. Many Small Mammals, The disagreement was settled Fri- day, however, and the building is now operated as part of the Zoo. More than 100 small mammals, including many rare specimens, were moved into their new quarters about a fortnight 2g0. 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