davidaulloa/AmericanStories huggingface dataset:
Evening star., 1926-10-09
HOLDS KNOWLEDGE OF TREND
is CHANGING TRADE CYCLE
Director of National Realty Association
Tells Virginia Group to Organize
Data Collection.

ence and thought for which the ma.
tlonal association was founded to be
a clearing house. Such organizations
as the Virginia Real Estate Associ-
alton IS a strong factor in the whole
work of realtors over the country,
both in the building up of standards
for real estate professional service and
for the work of real estate boards in
protecting and advancing the inter-
ests of real property ownership.
He declared that in Virginia, the
passage of the amendment to the
State constitution abolishing the di-
rect tax on real estate has been one
of the important measures for which
the realtors of the State have been.
working to the end that there should
he a more equitable adjustment cf
the taxation burden upon the vario,is
types of property in the State, tangt.
BILE and intangible.
Passage of the State real estate
license law. Mr.. Atkinson cites. has
a second measure of value to the gen.
eral public which was brought to the
public attention by the realtors of the
State. Such laws advocated by the
National Association of Real Estate
Boards have been passed in % States
and in one Canadian province. Their
purpose is to protect the home buyer
or other investor in real property
from the incompetent or unreliable
real estate broker"
Evening star., 1926-10-09
REAL ESTATE COURSE
LECTURES OUTLINED

The curriculum or the course in
real estate to be given by the y. NJ.
c. A, beginning November /, has been
arranged and the subjects have been
assigned.
These lectures are for the benefit Of
the general public as we'll as real
estate men. The subject and dates are
as follows: Real Estate Business"
November l, Roger ]. Whiteford, at
torney. general counsel of the Wash
ington Real Estate Board; Real
Estate Office Organization" November
8. Albert E. Landvoigt; Renting,
Leasing and Property Management"
November Is. j. NJ NJ Bowie, vice
president Of H. l.. Rust Co: "Insur-
jr., secretary, National Capital In
surance Co.: Real Estate Selling"
November 20. ]. A. McKeever; "Ad-
vertising," December 6. Irving B.
Newcomb; valuation of Real Estate"
December 13, William L. Beale:
Building Operations" December 20,
A. N. Miller; Financing Real Estate
Transactions" January 10, George
Calvert Bowie. secretary. II. l.. Rust
Co; Legal Considerations" January
II. A. II. Lawson: "Subdividing and
City Planning" January "a, w. C.
Miller; Taxation Of Real Estate"
January 81, William u. Richards,
assc ssor of the District of Columbia;
Real Estate Profession and It's Rela-
tion to the State" February Z, Roger
IJ. Whiteford; professional Relation
ships" February a. John A. Petty
vice president Shannon & Luchs.
Evening star., 1926-10-09

way speculative profit by the members
at the expense Of the prospective
member is prevented"
The bureau knows of 40 such So
cietieS, all except two of which are in
New York City. Practically all de-
veloped in the past five years. In
New York City the buildings put up
by these societies are all apartments,
usually Of the four-story, walk-up
type, with four apartments on each
floor. The bureau has data concern
ing 30 societies. and these comprise
2,073 families. Different nationalities
appear to get along in these societies
in congenial fashion. Still another
group is now engaged in a New York
City apartment project which will
house /, 900 families.
The average cooperative society
has to have money to buy the land,
Of course, and money to finance the
building, and is forced, consequently,
to borrow large sums. The total cost
for everything is figured. as we'll as
the cost for carrying each apartment
and meeting all fixed expenses, includ-
ing mortgage payments and mainte
nance. The average member has to
pay some cash down as we'll as his
monthly payments. The cash down
payment or share capital subscription
averaged $612 member for 18 So
cieties from which the bureau obtain
ed data on this point. There is usu-
ally first mortgage, but second and
third mortgages are rare.
In some cases." said the bureau.
the members adopt the policy of MAX
ing monthly payments large enough
to cover unexpected expenses, build
ing up little surplus for this and
Other expense purposes. In others
Evening star., 1926-10-09

such expenses are met as they arise
through a pro-rata assessment on all
the tenants. This latter practice was
objected to by some of the house
wives interviewed, as they said they
never knew what to expect. They
would prefer to pay somewhat
larger amount and be able to count
upon paying that amount and no
more.
Most of the tenants interviewed
expressed great satisfaction with the
cooperative plan. One woman stated
that previous to joining the society
her family had been paying $50 a
month for an apartment on which no
repairs were ever made and then had
to furnish their own heat (The cost
of heat is included in the figures
which are given in this dispatch}
'As part of the monthly payment
goes to pay off the Indebtedness, this
is gradually reduced and, as a conse-
quence, not only is the amount of the
tenants equity in the building in
creased, but his monthly payments de-
crease. When the building finally
becomes the property of the society,
the only expense is that of nainte-
nance"
A Washington builder or realtor
after reading this, would probably
point out that it is possible to buy a
good, six-room brick building, with
porches, though not detached build
ing, in this city for as low as $500 and
$500 cash down and carry it and pay
for it with monthly payments of $50
and $65. And this is true partly be-
cause Of great competition among
builders in erecting homes priced
under $4,000. Most of these houses
are brick row houses
Evening star., 1926-10-09

such shortage private builders are
doing least"
The bureau added:
'Despa1ring of relief from private
builders and determined to eliminate
the profits in housing, various groups,
Brooklyn, have been providing their
especially in New York City and
own housing Accommodations. The re-
suits of their efforts are, of course,
negligible in comparison with the
total amount of such housing need
ed, but are significant in showing
others what can be done and how
housing item Of the family budget
can be reduced by cooperative non
profit efforts"
Washington and other cities have
been experiencing a boom in co-opera-
tive houses put up by private build
erS, but the bureau makes the follow
ing distinction as to these:
Many apartments are being sold
on the so-called cooperative plan by
private builders, who construct them
for sale just as they do single houses.
and sell them outright tO| individual
buyers. The buyers are allowed to re-
sell at a profit, as well as to rent
their apartment or apartments for
as large a rent as they can secure.
Voting is on the basis of stock owner
snip, and one person may own several
apartments and thus have number
of votes. This is not true of genuine
cooperative societies. for in such
societies each member has but one
vote, regardless Of his capital hold
ings in the society.
IF any surplus Is owned by the
society this is rebated, in the truly
cooperative society, on the basis of
.patrOnage-that is, the amount of the
monthly payment-and not on stock
held. The affairs Of the society are
managed by a board of directors Of
varying number, elected by the men,
bers. The actual management of the
apartment house is quite often in
the hands Of one person chosen for
the work. In the genuine COOP
erative society the tenant never re-
ceives title to his dwelling; legal own
ership remains in the society as a
whole. The member merely owns
stock in the organization to the value
Of his apartment or dwelling, and
receives a permanent lease. which he
may pass on to his heirs. Should
he desire to give up his membership
his stock must first be offered to
the society and if the latter is un-
able to redeem it at it's par value
he is allowed to sell it, at cost, to
any person who he considers would
be a desirable tenant
transfers of stock must be made
on the books Of the society. In this
Evening star., 1926-10-09
FIVE ROOMS AT $35 A MONTH
SEEN AS POSSIBILITY HERE
u S. Report Says New York Cooperative
Apartments at That Rental Even
Apply $3.50 on Mortgages.

Chairman Gibson Of the special
subcommittee of the House District
committee which is investigating af-
fairs generally concerning legislation
affecting the municipality of the Ma.
tiOnal Capital and the residents Of the
District is much interested in the
question Of cheaper housing here.
Now comes the query-how many
persons here would like to have a
f1ve-room apartment for a monthly
rental of $35, of which $3.50 applies
on second mortgage?
Im-POSS-ible. Re-e-DIC-u-lous"
chorus the builders. apartment house
owners and realtors. But let's see:
Cooperative building societies have
made it possible in New York, accord
ing to the United States Bureau of
Labor Statistics, which has made a
special study of cooperative home
ownership. Just glance over these fig
ures, compiled by the bureau as a re.
suit of it's survey of q such projects
in New York City:
Three-room apartments - Average
monthly rental. $28.14; lowest monthly
rental in 21 projects, s12; highest, $54
Four-room apartments - Average
4.
lowest, SIG; highest, $72.
Five-room apartments Average
monthly rental. % projects, $488S
lowest. $50; highest, 500 Rentals
were more than SIS monthly in only
one of these projects.
Miss Florence Z. Parker, who was in
charge of the survey, said these fig.
ures include the kitchen as a room
but not the bathroom. One interesting
thing about her figures is that they
show apartments are carried on a rem
tai less per room than the $3.50
monthly rental per room for which an
unknown man, sponsored by Secretary
Hoover of the Department of Com.
merce, has offered to build cooperative
apartments here, IL Government en-
bloyeS will support his project. The
Department of Commerce has been
canvassing Government employees who
have indicated desire to support the
plan, despite the usual predictions of
builders and realtors that it can't be
done. The daring unknown" has also
offered to include the bathroom-that
Is, an apartment of two rooms, kitchen
and bathroom would cost three times
$3.50, or $3.50 a month.
The bureau said that while residen
tial construction has more than kept
pace with population increases in the
principal cities of the country, housing
studies have indicated a great shortage
Of moderate priced homes for the aver.
age working class family, and to meet
Evening star., 1926-10-09
BUILDING COSTS REMAIN STABLE.
ARE NOW LOWEST IN 3 YEARS

Construction costs are showing lit.
tie inclination to change. During
September they remained on the
level they held throughout the
previous month. according to sta.
tistics compiled by the Associated
General Contractors Of America. By
maintaining this position they con.
tinued for the second month to be
on the lowest plane registered since
March. 1923.
There has been only one change in
the level OF costs since June, and
that occurred when reductions In
prices Of materials purchased by con.
tractors caused the August figures
to show a small decline from the
July position.
During September no change was
noted in either the wages pa1o III
the construction trades throughout
the country as a whole nor in the
prices Of building materials
In only on month during the past
five years have the average prices
Tor building materials paid by gen.
eral contractors been lower than they
were last month.
Wages Stay Up.
Wages in the building trades held
fast TO the level which they assumed
in June after dropping slightly from
the May figure. which was the high,
est recorded Tor any month during
the past five years.
The September index number fo,
construction costs In general. based
on the 1913 average, was 1876. The
corresponding index number for ay.
erage prices Of materials was l76.
while the figure for wages was 226.
Evening star., 1926-10-09

Thus the total costr are shown 10
be following a line virtually mid
way between the trend Of wages and
the trend Of material prices. This
has been the tendency since early
in 1923.
Construction operations staged a
come back" in September, after hav-
Ing shown a freakish decline in vol.
ume during August. A steady in
crease last month brought the total
amount Of work for the month up
to level with the highest point
, reached in any month during the rec
rdbreaking year Of 1925.
Volume of Building.
AS a result of the speeding up of
operations during September, the
amount Of building carried on during
the first nine months of this year
reached q volume 8 per cent greater
than the total recorded for the cor.
responding period OF 1925. This fact
is being held as especially significant
because all previous records for con.
struction activities in the United
States were broken last year.
The September volume is regis
tered at the index number 221 on a
scale which has as its basis the aver
age for 1918. This indicates a gain
of points over the August figure.
In only one other month on record
has a greater amount Of work been
handled. That was in July of this
year. when operations spurted to set
a mark Of 22S
Evening star., 1926-10-09

rector of divisional
activities for the
National AsSOcia-
'tion of Real Els
tate Boards, in an
address 70 the Nir-
ginia Real Estate
Association at its
annual convention
in Alexandria,
which closed after
"a three-day ses-
sion yesterday.
Collection of data
by organized real
e s t a t e m e n
through the ma
tional association
is helping to do
for the real estate
- - ..l-k = -.
Evening star., 1926-10-09

More accurate information as to the
trend of business is bringing with it
change in the business cycle. ac-
cording to Barry GRAFT Atkinson, di-
Evening star., 1926-10-09
Activity Index Is 1863.

A generally steady real estate mar
ket has marked the present Summer.
Mr.. Atkinson said. 1.-THE most recent
monthly index figure, that for August,
1926, showed an activity of 169. This
means an activity of So per cent
higher than the average for the Al
identical cities covered by the associa-
tons records for the month of August
during the years 1916-l923. which pc
riod is taken as the normal in the as
sociation's calculations" declared Mr..
Atkinson.
1.-THE August index is the highest
market to be reached in any August
during the years 1916-1926 covered in
the associations statistical study of
monthly market variations. The high
est previous index figure for August.
that of the year 1923, was 157. The
record for August Of 1924 was 146,
and for August Of last year was ISL.
The August market index showed Il
decline of points from the index for
July. The real estate market situ.
alton is on the whole paralleling
closely the situation in building con-
struction." Mr.. Atkinson pointed out,
stating that the meeting of any State
real estate association is also in a very
real sense a meeting of the National
Association of Real Estate Boards.
State Boards Are Big Factors.
'It is from local real estate boards
and State associations that there
comes that give and take of expert.
Evening star., 1926-10-09

1t pays to read the want columns Of
The Star. Hundreds of situations are
obtained through them.
Evening star., 1926-10-10
FOR sALE-HOUsES.
OPEN DAILY 10 TO 5 80 PM.
1362 KENYON ST. NV.

LARGE rooming house. excellent condition :;
Gear brick garage. with quarters above:
this home. II purchased by Oct. To- can pe
Evening star., 1926-10-10
sAIE-SUBURBAN PROPERTY SALE-SUBURBAN PROPERTY


TAkOMA PARK.
GROOM BUNGALow-sMALL PAYMENTS
8 H. w. IN.
o be to
a
- SOMETHING MOVABLE TO TRADE FOR OWNERS EQUITY
% & ne Ss SF sS S" located high and level on paved street. fireplace oak
H-w.
% so onsso and stores sleeping porch fireplace electric
heat decorated blin level
AR
BELIEVE HOUSE s7oOOBUT LOOK
s and dens es hss t." % & a"t % III f
3 weekbe sold this is q beter bargain ~
COLONIAL
wonderun colonial that
o
subdivded
10Y hns % % % @ $ @ @
aSr GHH pes Psf psb Ssh " Washington " kind priced 500 less tina" the
o a
froms
r. D. LILLE.
Lau and CaronAv
Evening star., 1926-10-10
FOR SAT.EHOVJSES.

COLORED-NEAR 1st AND FLA. AVE
sss.bo6e: Terms. Terms. 0fs, Pot !s7s7 -
Sheo 18Th st. ioHn coiImSia i,O%S SSs5.J S p OlO
KENSTNGT0N.- MD.-NEw, MODERN 3.
room. hall. bath. ngalow; attic space for
nrice nrepi's s. oSS. 3 'H Teiephone n Rensingson
BY OWNER-BEAUTIFUL ,CLEvELANp1
Park: new. detached house; large lot and
garaEe 3516 35th at. NV. n.w.-----.---
LIVE IN THE QUIET SUBURBS-SCHOOLS
churches. car service; new house: PRICED
Rsanesds f.sSs For Md appointment address BOX "a
and bath apts.: electric lights: separate
sr The otsef best
Rcs ;a6 SASyEY V:4msS; SSnsr sve Main ''Ss
fHks4r nhss raAA GAAShi;o sio.ooo.. Si ;.
Delightful brick house CONTAINING ,a tspn, fspne
Can he sold on moderate terms. The best
buy !? TsSyf 'esi$ %zERGE 'sffE ,G %sn rsS so
KENNEDY BUILT HOUSE ON ROCK
CREEK CHURCH RD;wSdll .oos :oom; and
. baths: h VIII; electricity: large porcches
hardwood floors screens garage 1ms eond;,"" GG%
sia ALThS FAN & E. yAkkER XIV & S2, Main lsS sSao.
SAUL'S -ADDITION-LEsS THAN $4,000:
Beautiful detached bungalow.type house
lot so IT, wide: h.-w.h.: electricity metal
weather strips. awnings. trees and planting :;
sS s's E. yAERFR xvi sG Main rss $3.50
MT, PLEASANT, CLOSE TO ROCK CREEK
Splendid 6-room and bath brick: NV n !:
p,orch--fine condition: good lot to paved
sia ALLAN is,S E E; yAkkER e.; sso IsG ssso.
ALLISON ST. NEAR 9th--$e.750. .
Delightfully."- arranged brick house =
very, finest condition. h.-w.h.: electricity:
sis HFfSS isis T. y4FRHR SN Sso SSsso.
qHHyY HHss rGHA GHAssii siis.eoc;' 3 s
Remarkably attractive new detached brick.
Se snes as
heater. electricity. large porches: on beau.
n or o%" S u.. Mh s.s se sold sa 81 BY
sis iHI1AN isis & e.. WAKkER Nv. & GM2 Main 1sG SSao
i235:ss9 I7th ST s:E;-B1AND-NEw
hot-water heat. electric lights Cheapest
buy in Washington: $500 cash. balance $40
J. A. HAYDEN. Agent.
14lO ST. NV. City.
134S NEWTON ST. NV
Six looms. bath: in first-clsss con,lltion !;
can he bought for less than 50. on
VIM. c. ALLARD. Owner.
Col. 1858 or Main s016 bet. 12-1 o'clock
Evening star., 1926-10-10
BARGAIN

TAKOMA PARK-S1O.75O.
4 new detached home of unusual distlnc-
tion The house is very. pleasing in design
and lacks noting in modern equipment and
features: six arge rooms. tiled bath. not.
water heat electricity and gas: hardwood
floors. large fireplace. huilt-in refrigerator;
on large shaded lot near schools. stores and
car line.
Evening star., 1926-10-10

$3.50.
New six-room bungalow. tiled bath; hot;
water heat. electricity and gas: hardwood
floors: beautiful elevated lot with terrace.
Very reasonable terms.
Evening star., 1926-10-10

S935O
Practically new detached home with green
ehingle siding. all modern equipment and
features; six large rooms and bath. hot,
water heat. electricity and gas. hardwood
floors. large fireplace. sleeping and break fast
porches: large shaded lot 50x230: garage:
near schools, stores and .Ir line. Terms.
Evening star., 1926-10-10

WASHINGTON'S MOST
DELIGHTFUL
SUBURBAN ESTATE.
u minutes from White House.
:5O-mile view over three States.
Large modern house and ga
rage.
Beautiful lawns. fruit, vines,
shrubbery, tennis courts, etc.
Private road approached by
several beautiful thoroughfares.
Call Owner. S3l So. Bldg,
Frank. 6225 or Clev. 6W.
Evening star., 1926-10-10

1866 IRVING ST Nw.-lO RMS. o.CAR
gar: price reduced: easy terms.
1868 Kenyon N.W.-13 rms, baths;
price and terms easy.
AL H E;W.-s rms. bath. h.-w.h elec
lcOmnercian.
7o2 Sw-S rns.. bath. eIec
THOS. y. WALSH.
els 11th E.ws Main 1859
Evening star., 1926-10-10

GEORGETOWN.
Centerentrance colonial brick home. "a
feet front: lot 81 feet front: room for ga
rage: hot water heat bath. gas. electricity
garden. Pr1oe SO 600. or furnished 50 500.
OWNER. 3403 p St NV.
and V-S50O cash buys modern t;.room
house. newly decorated double garage. Open
Sunday ii am. to pm. Adams 1927
CORNER GROOM BRICKS. FIRST COM
mercial. central northwest; can be Dur
chased at a bargain. For particulars apply
11O- Eva e. w
Evening star., 1926-10-10

Falls Church and Vicinity.
large trees; . acres; long road iron!,ase:
3 porches; basement: electricity running
Price. $4,000. Easy terms.
Handsome. ,shing!ed bungalow; perfect
condition con- lnslde and out: rooms, closets ,sed
electricity; bath: screens..
. lots; corner: many large trees: access
ible year round; close to two trolleys. stores
N ~ '' Price, S475o Terms.
Atti active bungalow. ami: rooms: con
venienuly arranged; perfect condition :;
.h acres: suitable for fruit truck &C, or
poultry; grove of splendid trees; near troll
IVY Price. So. 800. Terms
The Luttrell Company,
Phone Falls Church -6s.
East Falls Church. Va.
FALLS CHURCH, VA.
"pME pa. ana 1REAt ! elsa1rie sgRgfn;. Ines
$500.
S.room stucco and shingle semi bungalow,
Flemish architecture bath elecifiG ,,h hgnths,
berry, fruit. berries: located near car line.
$4,000.
S.room house with beautiful grounds ex-
tending all the way through block, over an
acre of land; fine shade trees and sbrupb,ery
located near center OF town one Dlock. OF
bus line.
$3.50.
Cherrydale, va.-5.room bungslGw amt;
5000.
broom bungalow: ami; Ia. large LAY, Lawn Nth ~.th
stately oaks and elms; large front porcn
with tne view right at car.
$1,000.
30 acres of land with old-fashioned farm,
house Of : rooms. j. mile Of hard surfaced ed
road improved with fine fine Sssras orchard
sian'e %aier with til never-faiinS well at the house.
miles, from Sl3ss Washington hing one on pike
with magnificent view of Potomac River
and the s sn cs Sn %aysSSS soS 10 ns sd
NJ. Z. CHURCH.,
Established 1885 ,, %
Falls Church. Va. Phone ,t!:
HOME SEEKERS, SEE THESE TWO NEW NEW
bungaicTs beforss bgSns roDns ami and SatS
h'wS': nn1 Sa'0 $3.50: 3hardSood sooTs Laundry
commission HENRY fay tYoW 9. oWnfs WnfsoS 5S' 0oe
Phone Hyatts. BAN. brentwood Md. :
BARGAIN.
[.
low rooms electricity. bath. good heating
plant; excellent condition. Open for lnspec-
lion. Phone Hyatts. 166-W
SILVER SPRING, MD.
Inspect this beautiful new home; . asrs lsrse
with hotwater heat. attractive electric light gfh
bedroom has large closet lined with cedar
also built-in china closet in dining room
large front and back porches also sleeping
porch; large cellar with stationary tubs. pan. sn
terms. $500 cash and 500: 4.oGo, 50. feet feet
TO inspect drive out Ga. ave. to Blair. cross
over r. R. bridge in Blair and turn @ rght I, On q
Main 1893. 1903 III st. NV.
$1,000 SQUARE FEET.
On State road. lot 1O0x15O; attractive new
Broom and bath bungalow. with hOt-water
heat and beautiful electric fixtures oak
floors over entire house: also large pantry
with cabinet: large front and back .porches;
as9 sleeping porch PIs large AZ cea er Is Ss s5o
month Open until 8 pm. To inspect drive
out Ga. ave. to Wheaton, then turn left .
blocks This beautiful little home. is sit
Ssted in new suOdyiSon where 81 valves are are
M 1902 ST Main 1893
Evening star., 1926-10-10

WILL SELL FIRST PAYMENT OF
$500 on new home LYON Park Tor
cash. Address Box 1850. Star Office.
BEAUTIFUL DETACHED HOME. ONE
square from r. /. ave, cars: priced So 900
less than value for quick sale. Mr.. LORD.
E RIVERDALE-MODE BUNG..- NEAR
" new: owner sacrifice equity $3.50 cash.
Sc6 mo. Main 14I3 or Hy. 451 l0'
BUNGALOW ROOMS. NEWLY PAPEREp
ard pelrted: shade rear hus hne and ca'
Sne Arlington: 80 $50: eaev terms inspect
1.G sXRxEx West 1888
The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1926-06-17
LITTLEFIELD SELLS
TO HAGEN And Smith

George Littlefeld, for the past
nine years owner and operator Of
the "White City" ferry across the
Missouri river at this city, sold it
to Hagen & Smith of Sanish, No.
OAK, last week. The purchase
price was not announced.
Hagen & Smith are old timers
in the ferry business and have
been at Sanish for many years.
Plans are now under way for the
construction Of a bridge there and
they will be operating their ferry
there until it is opened.
The same schedule for both time
and prices viii be maintained un-
der the new management as un-
der the old Bill Holderman is
continuing in the employ of the
new owners and is operating the
ferry as before.
Mr.. Littlefeld says his plans
are undecided for the present but
he feels sure that he will not
leave Wolf Point for at least a
year.