Evening star., 1937-09-28
WORK Of LUMBER
GROUP HONORED
Association Receives Award
for Leadership in Home
Demonstrations.
BY EDWARD C. STONE,

by the American Trade Association
Executives, captured the honor in
competition with about $50 other as
sociations which are members, in
cluding many with Washington Offices.
The lumber organization, which
also maintains head Offices here, was
awarded the honor by Secretary of
Commerce Daniel c. Roper and
special committee at French Lick,
Ind, in recognition of leadership in
the small home demonstration
drive" The other judges were Bruce
Barton, New York advertising ex-
pert; Colby NJ Chester. General
Foods Corp; Harper Sibley, past
president, United States Chamber Of
Commerce. and Roswell C. McCrea.
School of Business Administration,
New York City.
The small home building program
was considered best among industry
promotion programs of the year, from
the point of view of commercial vision
and national significance in the hous-
ing field. According to Secretary
Manager Wilson Compton, the asso-
cations home-building program in
cluded three major steps.
Three Major Objectives.
First, three demonstration small
homes were built in suburban Wash
ington, making possible the estab-
ishment of actual rock-bottom build
ing costs, necessary in the construc-
tion of up-to-date, modern small
houses, at $4,000 and under.
Second, the findings from this ex-
pertinent were made public to $4,000
lumber dealers in the United States,
who were brought gradually to ac-
cept the new-found facts, that low
cost homes are possible and profitable
to build.
Third, thousands of dealers
throughout the country built DEM
onstration low-cost small homes in
their communities.
Costs in many sections were proven
even less than those of the original
three demonstration homes, refuting
thoroughly the idea that home owner
ship is a rich mans privilege, and
establishing in the public mind a
realization that under the Federal
Housing Administration new insured
mortgage plan complete small homes
costing $4,000 and under are possible
for the salaried man or woman earn
ing $1,000 to $4,000 year.
Average Costs in Bethesda.
The average costs of these demon
strators built in Bethesda in 1886
we're s3,76524, s3,7S0.61 and s4.120.45
Outside of Washington 1887 aver
age costs for these houses ran from
$3,165 to S3,858.
A recent count made by the De-
partment of Commerce revealed that
there are over 5000 trade associations
in the United States-2,400 national
and interstate and about 1000 regional
and local. About two thirds of Ameri-
can industry is represented in the
membership of American Trade ASso-
citation Executives.
There was no competition in 1888,
'34 and '35. The prize was won in
1929 by the National Automobile
Chamber of Commerce; in 1880 by
the National Association of Dyers and
Cleaners; in 1881 by the American
Paint and Varnish Manufacturers
Association; in 1882 by the Cotton
Textile Institute; in 1886 by the Ma
tional Machine Tool Builders Asso-
citation.
Bankers Plan Fall Meeting.
Hilleary G. Hoskinson, first vice
president of the District Bankers As
sociation, is arranging a most inter-
esting program for the Fall meeting
of the association, set for october ID
at pm. in the board room of the
American Security & Trust Co. There
will be guest speaker, important
committee reports and timely remarks
on association work by President
Thomas J. Groom.
Frederick P. H. Siddons, secretary
of the American Security & Trust Co.
will address the Loudoun, Fauquier
and Prince William Counties Clearing
House Association, Hamilton, Va, this
evening on Banking Legislation and
Its Effect Upon Officers and Directors
OF Banks"
E. F. Colladay, counsel and trust
officer of the Second National Bank
will join the Washington bankers at
tending the annual convention of the
American Bankers Association in
Boston next month.
1t was reported in the financial
district today that 264 junior bank
ers have already enrolled in Wash
ington Chapter, American Institute
of Banking, for the first semester.
Enrollments in two more classes are
expected to bring the number to 285
and possibly higher. There were 285
last Fall.
August Business Better.
An advance IN August business and
Industrial activity was shown in the
Federal Reserve Boards monthly re-
view, distributed today. Industrial
production advanced close to the lev
els of last Spring, factory employ
ment fell off, but pay rolls were high
er. Construction contacts indicated
a slight decline in both residential and
other building. the report said.
Security dealers of the Nation, rep
resented by rs members of govern
ing committee and advisory council
of the Investment Bankers Confer
ence, Inc, held an executive session
in Washington yesterday to discuss
business problems. Detailed discus
sions were had on self-regulation; wher
issued trading; pegging, stabilizatior
and price fixing and rules OF fah
practice.
Several sales of Woodward & 10th
rop common stock took place at 60 OF
the Washington Stock Exchange to-
day Five shares Of Riggs Nationa
Bank common appeared on the boart
at 300
Rail Earnings Show Gains.
The Norfolk Western Railway re-
ports for eight months net earnings o
$14.40 per share on the common stock
COMPARED with S13.42 year ago.