New Britain Herald Newspaper, December 9, 1922, Page 16

BUILDING BOOM IN BY BABSON IN SURVEY OF BUSINESS (Apecial to The Herald), Wellesley Hills, Mass, Dec. 9.— There has been much discussion of late as to whether the building boom has spent itself, Roger W. ‘Babson evidently doesn't think it has. 1In commenting today on the bullding outlook he called attention to several bullish factors. “New bullding," says DBabson, “i* the outstanding feature of our busi- ness recovery, It is what started us on the road to better business. Never Lefore in the history of the country have so many new houses been built as in the first ten months of 1922, For every house that was built in 1921, two have been built this year. /| Last year in 27 northeastern states of the country we spent $688,000,000 for homes; this year we have already spent $1,099,000,000 and when the gong rings on December 31, the total will very likely show 1006, more than in 1921, “This building revival is not con- fined to houscs cither, House build- ing has been the most spectacular, Jut we have also built many more of- fices, factories, schools, hospitals, churches, amusement halls, public roads, bridges, reservoirs, memorials, in fact: all kinds of construction. Whereas our normal building total is about $3,000,000,000, the end of this year, we shall have built to the extent of $5,000,000,000." When asked if he did not think that we have already over-done this build- ing boom, Mr. Babson replied: “T do not think so yet. I look for continued building actlvity, both in residential and business building for the greater part of 1923, Beyond that time, T expect a decline. A sur- vey just made by the National associa- tion of real estate boards shows that, out of a total of 184 cities scattered over the country, 121 cities still, re- port a housing shortage. Of the re- maining 63 cities, 53 report no short- age and only 10 a moderate shortage. This study corroborates my opinion that there is still much residential Luilding to be done, although the peak may have passed.” “What about rents?” was asked. “High rents have probably passed their peak. The long swing will be downward. Here again it is a ques- tion of supply and demas The com- ing decline in rents will be abrupt, at Jeast, not until this'building hoom has supplied more of the shortage. Rental advances-for the present are slightly more numerousghan declines, but in the majority of@@ties there is no movement either up or down. Gradually, of course, the trend will turn downward as the demand is more fully supplied. Industrial and business rents show surprising stiffness due to business recovery, hut these do not indicate any, long continued advance. “1 am particularly optimistic with regard to suburban building develop- ment. The boom in city bullding will probably not last more than a year, but suburban building is different. Auto traffic is so congested in the big cities that shoppers had rather trade *in suburban stores than drive into the heart of our great cities. s “City dwellers are looking for _homes in the country. I cannot em- phasize too strongly the importance of this tendency toward suburban ex- pansion.” The statistician was asked what ef- fect building material prices and la- bor would be likely to have on the building outlook. “That's where the danger lies” he replied. ‘“Unless prices of building materials are kept down at least near present levels, the people ' will = stop building, just as:they did in 1920. In fact, I do not think we will see quite s0 much building next year unless there ts some reduction in costs. Dur- ing the next few months material prices should show some seasonal weakness. But as sure as the mater- {al dealers start in to boost prices next summer, they will choke ‘off their business. The same warning applies to labor. Wages are already as high as they can be and still allow much building. Both labor and material ‘men should realize that it is better for them tohave steady building at mod- erate profits than it is to have a short spurt of building at high profits, fol- lowed by a long period of idleness. “However, what interests me as much as anything is the necessity of eliminating the waste in time, labor, and materials in the building business. 1 firmly believe that a saving of 15% to 259 in the cost of building could be made by cutting out this waste. The country is literally throwing away $1,000,000,000 annually which might be saved for the industry and help to reduce the cost of construc- tion. Over a half billion dollars’ loss occurs from lack of employment in the dull scasons, strikes, poor labor management, etc. I am glad to sce that wide awake men in the contract- ing business are experimenting with methods to facilitate building in the winter time. The use of canvas pro- tection for bricklaying, salamanders and steam jets to prevent freezing of concrete, and other methods of com- batting bad weather are being more generally adopted. “But isn't winter building more ex- pensive?’ queried the interviewer. “Yes, but even if the cost is 109 or 1205 greater, the contractor (as has been estimated) could afford to {ake a smaller profit, and the work- men less wages, rather than do noth- ing all winter.” Mr. Babson replied. “Moreover, the man who builds in the winter time has the pick of the labor market. Often the greater efficiency of winter labor completely offsets the other added costs. “Other things that make building so expensive are high labor turnover, poor and inadequate equipment, care- Jess handling of material, failure to plan in detail. On the labor side, there are wasteful regulations and re- slrictions, requiring skilled men to do the work unskilled, prohibiting labor gaving devices, limiting the number of apprentices, and so forth, “All these things combine to make the high cost of building. When the men who are conducting the indus- try learn to cut these wastes out, then INTERNATIONAL CORRESPONDENCE SCHOOLS Phone 888 For Appointments . Room 5 Fox Theater Building Mr. Babson S b NEW BRITAIN DAILY HERALD, SATURDAY, DECEMBER 9, 1922, 1923 PREDICTED we shall have more bullding at lower cost to the people, and more profit to the industry.” General business is still (mprovlnl,‘ General activity is but 265 below nor- mal an improvement of 16 during the last week, This is the highest point reached in over two years. BUILDING I SLOW AND §0 15 TRADING Week's Reports Show Conditions Not Materially Changed In buiiding and realty circles the slow season continues to assert itself with very little new building and trading being reported. Following are the week's reports: Building Permits M. Richman, Bassett strcet, garage. Cost $600. Dixie Products company, gas sta- tion, Main street, Cost $3,000, G. A. Peterson, 41 Toxon dwelling. Cost $5,600. Philip Scappelatti, East Main street, removal of house, John W. McCabe, incinerator, Grove Hill. Cost $100. C. M. Peterson, shed, Cost $80. Birnbaum brothers, store on Broad street. Cost $7,000, Mr. Monahan, dwelling repairs 't §8 Oak street. Cost $500. B. Babula, garage at 23 street. Cost $1,200. i Joseph Swanson, Pearl street, repair roof. Cost .$150. Kune Greenberg, East Main street, repair roof. Cost $40. P. C. Bridget, repair roof on Brook street. Cost $30. Conrad Steppler, Holmes street, re- roof. Cost $100. R. H. Ripple, roof. Cost $187. Frank Ridel, Monroe street, reroof. Cost $100. A. F. Nelson, Adams street, dwell- ing. Cost $8,300, L. Strong, Judd avenue, Cost, $4,000. R. C. Rudolph, Arch street, garage, $250. place, 151 Kelsey street, Brgpd Francis street, re- dwelling. Miscellaneous Papers. Simon Ludorf to Paul Lechovitch, Elm street, release of mortgage. Benedetto Cerro to New Britain Trust company, Wilcox street. Re- lease of mortgage. Commercial Trust company to Ber- nard Gordon, Wooster and West Main street. Assignment of mortgage. Olga L. Malagoli to William and Henry Gray, East street. Release of attachment. Maria Krenn to New Britain Trust company, Whiting street. Assignment of mortgage. Farmers and Mechanics bank of Middletown to Mathilde and Felix Lampitch, Greenwood street.’ Release of mortgage. Stanley Works to Daniel J. O'Leary, Armistice street. Release of mort- Bage. Adam Krauslies to Rolin Petrowsky, Washington street, release of lis pend- ens. Horace Booth estate to Joseph Yanicki and Alex Bentz, Burritt street. Release of mortgage. Anthony and Nicholas Scappelatti to Joseph Scappelatti, Hillcrest Ave. Assignment of mortgage. Middletown Savings bank to James Heslin, High street. Release of mort- gage, Warrantee Deeds. Benjamin Myerson to Arlene Denney, 26 Howard street. Victoria and W. F. Roy to Nathan Googel, Whiting and Stanley streets. Catherine Lehman to John Lehman, Elm street. Jan Jamrosz and Anna Halasik, Jerome and Birdseye streets. ‘Bodwell Realty company to Luigi Pitruzello, Belmont street. Josefa Budnik to Caroli and Al- fonse Forestandi. Albany avenue. Polish Loan and Industrial corpor- ation to Rozalia and Wladyslaw Ja- cewicz. Broad street. Daniel J. O'Leary to Stanley Works. Armistice street. Central Realty company to Le Roy Strong. Bronson Heights. Hyman and Soll Dubowy to Ber- D. COLD WEATHER NEEDS We have a full line of new and second-hand stoves, oil heaters, gas heaters, etc. A. LIPMAN i New and Secondhand Furniture. 34 Lafayette St. Tel. 1329-2 FOR SALE Six room cottage and garage at Belvidere. Fire place and stcam heat. Fine condition, Large lot. COX & DUNN Realtors 272 Main St. Galbraith & Pattison Carpenters and Joiners Hardwood Floors and Paneled Ceilings a specialty. Repairs Tel. 1193-4 A. D. Clifford — BUILDER — 44 Hawley Street ESTIMATES FURNISHED Jobbing Promptly Attended to Tel. 2891, — DRINK — Ayers’ Soda Water Call for it by name and get the best. For Sak at Your Grocer's l Three Size Bottles—5-10-15¢ nard J, Ackerman, Richard street, Bernard Ackerman to Edmund Kloskowski, et al, Richard street, Union Realty company to Anna and Alex Ahlberg. Linwood street and Shuttle Meadow avenue, REAL ESTATFE SALES Joseph J, Kennedy and wife sold to- day through the Camp Real Estate Co,, & three-family house at 46 New- ington avenue to Adolph Koranke, Hyman N, and Sol Dubowy sold through the same company four houses on Jerome street and three on Richard street to Morris Tulin, Ben- Jamin Baggish and, Berpard Acker- man of Hartford, . Morris Tulin et al, of Hartford sold a three-family house on Richard street through the same company to I'rank Koslowskl et al. VISITING NURSES HAVE MANY CASES Take Care of 1,746 Patients in Month--Make 1,247 Visits During the month of November the | §§ Visiting Nurse association took care | of 1,746 cases and made 1,247 visits, | according to a report made by Mrs. | A. J. Sloper, chairman of the nu»sing | committee, at the monthly meeidng of | the directors. The meeting was held at the home of Mrs. H. M. Bates. | Reports were given by the different ’ committees and plans for Christmas were discussed. If persons who plan to send Christmas articles to the as- sociation will have them at the head- quarters at 52 Center street by the appreciated by the directors, The report for November fs as fol- | lows: Total number of cases for month, 1,746; nursing visits, 977; in- structive visits, 159; unclassified vis- its, 111; total visits, 1,247. ings done at home, 28G; dressing at office, 42; maternity cases, 25; well baby conferences, 9; ference, 140. | Doctors in attendance during month | were: Drs. Avitable, Bodley, Bray, Bunnell, Bush, Cooley, Dunn, Dr: Faulkner, G. Flanagan, W. Flanagan Fox, Fromen, Greenstein, Jaffe, Kelly, Klein, Kupelian, Maloney, Marsh, Martin, Mouradian, Mulligan, O'Con nell, Potts, Savard, Tokarczyk, Volk- enheim, Waskowitz. Out of town doctors in attendance were: Dr. DesMarais of Bristol; Dr. Elliott and Dr. Whittles of Hartford. | ep———— | | ;Ize Lincoln Realfi (o. No/! 1 JuST THERE'’S a lot in knowing the right lot. It falls to our lot to know property values| and you'll profit a lot if you do business with us reliable realty folks. HONE. e“”" 7190 THE LINCOLX REALTY (@ < & Room 212 3-Family house on Greenwodd street at a Bargain. Easy terms will be made, so you won’t have any kick coming. Six family house on Mitchell street foreclos- ed on can be had at your own price and your own terms. CAMP REAL ESTATE CO. Phone 343 272 Main Street ASHES AND RUBBISH ry nominal sum we will rem First Ward—Monday. Fourth Ward—Thursday. 102 LINWOOD STREET R —— $25,000 TO LEND ON SECOND MORT- GAGE AT REASONABLE RATES SCHULTZ & COSTELLO TEL. 24-4 For Quick Returns Use Herald Classified Advts. Volz Floral Co. 92 W. Main St. "7 1 with Fowers® - Thursday before Christmas, it will be | i the | § Dress- | § babies at con- | Second Ward—Tuesday. Fifth and Sixth Wards—Friday. Let us keep your cellar and yard clean this winter, THE MAGUIRE CO. Headquarters For Useful and Practical Xmas Gifts GIFTS which represent the very essence of usefulness and in their lifetime of service wi bring thankful thoughts of you—the one who gave them. ¢ it et ELECTRICAL GIFTS, the product of the best manufacturers, indicative of proven quality and value, for every purpose and person, family and relations—from baby to grandfolks, business as- sociates and customers and all others you wish to remember, at prices which do not touch your pocket nerve even. You only make a small paymert now or charge them on your account. UNIVERSAL WASHERS Gift Supreme I3 $7.50 Down Balance Next Year ‘A Universal Iron FREE' with every Xmas order. Small Payment Down -" ' NEW UNIVERSAL VACUUM CLEANER The Best House cleaning Plant in the World PAY NEXT YEAR UNIVERSAL A Wonderful Gift $1.50 Down Balance Next Year $5.00 Special Allowance for your old broom, or carpet sweeper. Balance Next Year We make all necessary wiring changes to connect to our standard overhead service— FREQ. Also a complete line to choose from of “Universal” Electric Urn Sets, Percolators, Toasters, Irons, Grills, Heating Pads, Waffle Irons, Hair Curlers, Chafing Dishes, etc., etc. More Wonderful Gifts Made By Landers, Frary and Clark and Specially Price” B Toaster $3.45 Electric Iron $3.98 Every Article “Doubly Guarantee »—by the makers and ourselves Beautiful 2-Light Miller Table Lamps $9.75 each $3.75 down = € Grill / $4.98 Heater $6.95 6 cuyp « wonial Percolator $5.85 Other Lamps made by “Hardel” or “Miller”. Bridge Lamps, Table Lamps with and without parchment shades, Xmas tree outfits—A wide variety to choose from at prices to suit any pocket book, Special Miller Desk Lamp $2.75 each Every Gift beautifully finished, glistening and bright—the kind of gift you would like to give or receive on Xmas Day. The Connecticut Light & Power Co. TELEPHONE 230 OYSTERS CLAMS CRAB MEAT SHRIMP SCALLOPS LOBSTERS HONISS'S 24-30 STATE ST. HARTFORD TEL. 755-13 Rooms 305-6 Bank Bldg, ashes from your premises weekly, Third Ward—Wedncsday. FIGURE ‘THAT' LOITERING ( 1S ACRME IN THIS TOWN' PHONE 2057-1 MAIN ST. Tel. 1116 CROWLEY BROS. INC. PAINTERS AND - DECORATORS 267 Chapman Street Estimates cheerfully given on all johs MAYOR SIMON DECIDE ITS BEST TOLET THE TWO TRAMPS ouT OF JAIL AS THEY ARE FAST EAT/NG THE TOWN INTO DEBT 92 WEST MAIN ST. The Universal Gift Shop FOR SALE Grocery and Meat Business, Central Location. Fine Business Chance H. D. HUMPHREY 272 MAIN ST.—ROOM 208 NATIONAL BANK BLDG. SEE HOW You S8 & . DOOLITTLE AND MARSHAL OTEY WALKER