Belington progressive. [volume] (Belington, W. Va.) 1912-1927, 1919-06-26

skilled labor into other fields and its
replacement by less efficient labor
by overtime, and abnormal conditions
of employment.
%. In 1919 the efficiency of labor
in the building trades may be expec-
ted to be that of its prewar years.
Sources and Supply of Capital for
Construction Industry.
20. The main sources of real es-
tate loans are savongs banks, title
guarantee and trust companies, in
surance companies, building and loan
associations, and individual lenders.
80. Real estate loans by lending
institutions did not increase in pro-
portion to the growth of the coun-
try from 1913 to 1918.
81 Real estate loans of banks did
not grow as rapidly as bank resources
in the United States from 1918 to
1913.
30. Savings banks, insurance com
panies, and building and loan associa-
tions, the chief financial institutions
making real estate loans, did not
grow as rapidly in resources as banks,
other than savings banks in the
United States.
33. Real estate loans of banks in
New York, which hold one-sixth per
cent of the total banking resources
of the country, did not growsas rap
idly as the total resources of New
York banks from 1914 to 1918.
81. Savings banks in New York did
not grow as rapidly as other classes
of banks in New York from 1914 to
1917.
IS, During 1917 and 1918 statistics
indicate that there has been an alb
solute decrease in real estate loans
held by financial Institutions
Sc. Statictics showing the amount
Of real estate loans made by indi-
viduals are not available.
81 The main causes of the failure
Of real estate loans to increase in
proportion to the general growth of
the country during the last five years
have been the lack of marketability
Of real estate loans, lack of stan
darization in making loans (which
makes the cost higher than need be) !.
changes in the banking system, Gov
eminent restrictions during the war,
and the issue of Liberty bonds.
SO. A general amortization system
for real estate loans by encouraging
payment of old loans would make
available hundreds of millions of dol
lars annually for new loans.
80. Improved machinery is needed
for making and marketing real estate
loans. This would involve, first a
Standardization and simplified method
of examination of the security offered
on real estate loans, thus cutting
down costs, and. second, a system of
real estate mortgage banks.
Rents.
40. AS a result of the increased
cost of commodities, taxes and labor
and of the shortage or housing, rents
have risen. In most communities
their rise has been sufficient to jus
tify building as a safe investment
How Building Has Been Stimulated
Al The most complete construction
statistics available cover contracts
let for engineering and building con=
struction north of the Ohio and east
of the Missouri together with some
adjacent area. containing four-sev-
enths of the population of the coun-
try.
The total for March, 1919, exceeds
the total for March of any year but
one, even with the costs of former
years brought up to the 1919 price
level. The totals for April and May
exceed the totals for April and May
of all previous years even with costs
adjusted to the 1919 price level The
revival of construction activity is
more notable in the Middle West thar
in the East, and in the smaller than
in the larger cities.
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