New Britain Herald Newspaper, November 9, 1923, Page 20

BUILDING INDUSTRY NOW HAS FI CHANCE ‘TO BOOM, BABSON BELIEVES (Quoted Locally Only By The Herald). |have caused. If pre Wellesley 'Hills, Mass, Nov. 2.-—{reliable the next f The day of the =mall house is dawning | forih some remark aecording to Roger W. Babson who|customs and methods of building today issued a statement on the trend | hous 1f a build of the building industry than it is nag—the same as it is now | majority. Every 1 about 15-2 per cent less than it “'v“';'.‘“' of attractive k in 20,” says the statistician, “The|ed will increase the field of possible time will come when ing about the poor tenant, our sym-|ple pathies will be enlisted ir € “During the past of the landlord. Every student of 4yan 4 jogen lead fundamental business stafistics recog- | puayght to my att nizes this sitnation. The point, how- ever, which is important is whether| e Jivable hom or net this movement will come about | mychy jess than the usual cost. Some| suddenly or whetlier it will be spread | or ¢hese methods probably will prove out over a d of years. My oWn |y, neactical, but sc studies strongly suggest the BCT| going to help in and more gradual movement. There | guich the average are two principal reasons live in. They vary widely in method | ;0 periods ahead has long engaged “The first is that with all the new ¢ 211 aim at the Swellings hullt day e of them in a saving of 1abor | tic(s put thus far, weather ecxperts vears the greater part have been . by the way, priced far out of reach of the great|panioned in ox majority of people. Tn fact S0IN€|ywhen Juhor costs figures worked out by my OrEANIZa-| o bitantly tion show that less than 10 |?‘r cent “Some architects have found that Reputable scientists throughout the | of the people can afford to buy the|certain of the features in the usual|worid agree that the sclence has not| so-called ‘moderate priced’ dwelling | pouse which add built today. Some, to be su have fne successfully eliminated. Others be done. Thus the government ex- tried ta and may get along ! wve attucked the problem on the perts throw down the predictions of | until they strike reverses. T prinei of quantity preduction. “goose bone weather prophets’ and | age family, however, cannot afford m‘ Much has besnid give more than one week's pay out of | yiore economical | tinuous flow of new business, he must “There is no question that some day | |Tead in this procession with the chief the cost of building will be much les aml of producing homes for the great | tion to forecasts of next winter's instead of talk- [ prospects by 500,000 to 1,000,000 peo- | they e developing whereby comfort- NEW BRITAIN DAILY HERALD, FRIDAY, SCOFF AT PREDICTIONS sent indieations are . il brin= Weather Bureau Officials Advise That able changes in the | ponle pay No Attention to ¥ore- er is to keep a con- casdts for a Long Ways Off, | ‘Washington, Nov. 9.-—Pay no atten- 0 per cent that the| weather or predictions of weather homes can bereduc- | qopqitions for long peroods in the fu. ture, is the advice of the Weather Burcau. A prediction from New England that the “coming winter will be the coldest and snowiest wWAnter in his- | tory” in that section of the country has led the government officials to | disclaim any responsibility for the | forecast. The Weather Bureau does Sp ot thoin s ene ‘not attempt Lo issue predictions even . | of a gencral character for weeks or producing: ‘hous ’\'momua tn advance. The subject of | man can afford to fi)nnhm‘: for seasons or cousider-| few months no less ing architects have ention plans which | can be built for sume purpose. Most, 1o attention of meteorlogical scien- | is exactly what has, yero sayv, no laws of sequences have | other industry|ycen discovered whereby long-range | have hecome €X-forecasts of a reliable character can ! be made. | to the expense | advanced to the point where that can one-in the way of the forccasts which appear in alma- | planning so that de-| pacs and calendar a year in advance. | |8 every month for rent. Less than 10 1,5 and holdups in the work are per cent of the heads of families in|most entirely eliminated the United States make more than $50 | The idea that a week. Check up the cost of the | going to have to s Jronte are anves (0T ONY TRAINING CENTER hous it lately in your community | in brder to get together the rent each and see how muny of them can rented profitably for less than $50 ala yumber of peop | month is absolutely y fallacious. When e K s = vle greatly nced a! oW Plan to Be Discussed at Becoud month. Hence. when onc talks about| corain thing someone,always finds &' Annual Convention of United States th saturation point in dwelling | way to get it for them. Moreover, s he must tak account the fguch service usually carries with it Blind Veterans of World War, 1tio ison prices of materials and building hhvr grasp their preser decline as much as the aver- | gituation should b other things was because m. |v,.r those intereste w sufficient without it. | That merely the natural working | omic law. No one should be | The investmer umed for not charging less than the | gpportunity direet There is little |y narket price. On the other hand, as|question but he ssity arises, the cost of building | turning his attenti in and will be cut. It prices today | qlong the line of were at an irredueible minimum and | pensive houses tha mand were falling off, there would | gotivities he hi be more for the building industry 10| “jinally, the ay investor has worry about! | an opportunity The chance of a sudden crash|pgn . Thousa building costs or real estat ) nomes 1l , therefore, is g mov the next few yea ment, on the contrar i » 1ar | has broken the ikely to carry out the appear- | which has here of a serics of steps. We had | cities, The trend big step down In 1921, foilowed | syburbs and the partial advan Before ) . inds ier step probably will be in or- r property General business as reflected i Babsonchart is running at 16 below normal. The id that building values going to drop to pre-war cims as improbable as the view ey will always continue at pre portant, howeve re interested in new the trend and worl with groatest opportunities during the coming year will building lower priced house priced ones. What fsmost 1y is & house within rea great 90 per cent of prospect sity is the mother of invention. Some day we shall probably look back on | the high cost of building of today as| the source of tremendous benefit be- catse of the economies and improve. | ments in econstruction methods it wil d. This present need | P St. Louis, Nov. 0.—Estabiehment of | lower | opportunity, & colony as a training ember 1 bk purpose of the colony would bef p Americans, blinded in service, » their ambitions, according to > local arrangements committec Subjects to be taught would include ears : lders t opportunities, The e watched carefully d in the seccurities basketry, woodworking, weaving, music and civics. alse is proposed to establish a will profit both by | tryst fund to be used as a revolving | on to developments 1oapn fund for those desiring to engage | groups of less ex-|yn pysiness. | n by continuing his| Another subject to be considered is | gher price fie that of research work with a view to| | lightening the burdens of the blind. t builder faces the well lotated subur- nds upon thousanc will be built during | rs. automobile | t limitation | tofore bound our| 1l be in favor “M investor who puts a w“C“ in well seleote 1| at a fair price With the delicate, blended flavor Gingersnaps "\ are their tastiest when made with Your Money's = D.MILLER & CO. . 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