Evening star., 1933-12-09
CAPITAL BUILDING
HOLDS Low LEVEL
Projects in November Have
Value of Only $588, ,235,
Records Reveal.
Continued From First Page.)

which has been q growing harassment
to the industry, has risen In three
years from 10 per cent to nearly 80 per
cent in some sections Of the country,
and the thousands of defaults In mort
gage payments, which involve many
millions of dollars, are rendering the
future of property investment both
speculative and obscure.
"As whole, the building industry
represents the largest Of the capital
goods industries in the country, and IN
normal times employs about 100000
men at the site and as many more be-
hind the site in manufacturing plants
and quarries to produce the required
this industry, therefore, would result
in rapid reduction In the ranks Of the
unemployed, with the increased earn
ingS providing powerful impetus to
consumer buying power"
Lack of adequate housing facilities Is
pointed out as cause for an early re-
Wval Of the industry, and confidence
Is felt that the coming Spring will
bring rising building trend, according
to Dun & Bradstreet.
Permits Are Higher.
There has been an almost uniformly
progressive increase in the value of
building permits since February. While
there was rather sharp decrease in Oc-
tober, the compilation prepared by Dun
and Bradstreet of 215 identical cities OF
the United States showed that for the
fifth month in succession building ex-
penditures were in excess Of those of
year ago. The peak of the year was
reached in June, when building permit
values aggregated 34,0s8 ,384, or nearly
double the February total Of $17,171, ,943.
which was the low point Of the year. In
spite of the moderate gain, however. the
total value of building permits filed for
the 10 months ended october 81, was
only $3.50 ,686, ,018, as compared with
$346, ,707,931 for the corresponding 10
months Of 1882, decline Of $50, ,02l ,9l3,
or 24.8 per cent.
The cheif encouragement this year
has been provided by the increase N
undermining and repair work. This has
resulted In the sale Of moderate amounts
of materials, but usually at better pront
margins than last year. LegaEztng the
sale of beer and the repeal OF proni-
bition have accounted for much OF the
new building of industrial plants ana
the remodeling of old ones.
Most Of the work now In progress Is
that which Is financed with money pro-
vided by the Federal Government under
the Public Works Administration, the
Civil Works Administration, or similar
agencies. While the Public Works Ad-
ministration appropriated $500, ,000, 900
for construction work of various kinds
throughout the country, In order to at
ford employment, and also to act as
primer for the construction industry,
the ALLEGATIONS made thus far have not
accelerated the industry to any great ex-
Hf na
getting the code of the building indus
try into operation. This also may ex-
plain the timidity of private capital In
seeking this field as an investment.
These various governmental projects,
however, have been helpful IN reducing
UNEMPLOYMENT and in increasing the
pWchasing power In many districts to
figure above that Of year ago.
Local Building Permits.
Permits issued locally in the last week
included the following: :
Paul r. Stone, 918 Fifteenth street,
owner; Ernest D. Stevens, designer;
Paul T. Stone Inc, 918 Fifteenth street,
builders; to erect three 2-story brick
and concrete dwellings, 6419, 6423 ana
6427 Barnaby street northwest; to cost
$21 1000.
David Hermann, 1906 Irving street
northeast. owner; C. B. White, designer;
r. E. Iatimer, 1901 Juniper street,
builder: to erect one 2-story stone
dwelling, 1701 Juniper street; to cost
$4,000.
Nathan B. Camp, 2527 Twelfth street,
owner: Henry j. Connor, 1343 Kalm1a
street, designer and builder; to erect
one 2h-story brick and tile dwelling,
1895 Hemlock street; to cost $4,000;
Miss Naomi G. Cone, 1641 Rhode Is
land avenue, owner; Ernest D. stevens,
designer; Paul T. Stone, Inc, 918 FIJI
teenth street, builders; to erect one
2-story brick and concrete block
dwelling, 546s Thirty-first street; to cost
S8,500.'
Mr.. and Mrs. Frederick w. Brown,
Kensington, Md, owners; Ernest D.
Stevens, designer; Paul T. Stone. Inc,
918 Fifteenth street, builders; to erect
one 2-story brick and concrete block
dwelling, 1886 Twenty-eighth street: to
cost $500
e. e. Timko, 800 Rhode Island ave-
nue. northeast, owner; George T. SAINT
myers, architect; A. P. Anderson, 1902
Monroe street northeast, builder; to
erect one 2-Story brick dwelling, 3516
South Dakota avenue northeast; to cost
$1,000.
william A. Stuart, 1921 Forty-sixth
street, owner, designer and builder; to
erect one 2-story brick dwelling, 1915
Chesapeake street; to cost $1,000.
Little Taven Shops, Inc, 5100 Georgia
avenue, owners and builders; G. B.
Wenner, designer; to erect one l.