Evening star. [volume] (Washington, D.C.) 1854-1972, 1944-10-10
D. {. Appraisers Told
OF Methods Used
In Philadelphia
By EDWARD c. STONE

by EDWARD " SIONE.
Addressing the first fall dinner
meeting of Washington Chapter
Society Of Appraisers, at the May
flower Hotel last might, August B
Schultz Of Philadelphia, former ma
tional president of the society, re-
viewed present appraisal methods
used in the Quaker City, stating
that land values, location, condition
of the property, population trends
and transportation are the CHIEF
factors to be considered.
The speaker presented charts
showing sweeping changes that have
taken place in residential types since
1860. He declared that all property
has but one value, never one for the
seller and one for the buyer. Mr.
Schultz answered many technical
questions regarding a special ap-
praisal system which he has worked
out during a period of many years
and which can be applied success
fully in any city. He records all i'm
portant property changes on maps
which are available for constant ref
erence.
Samuel Scrivener, ST., president of
the chapter, introduced several spe-
cial guests, among them l.. E.
Breuninger, president of the WASH
ington Real Estate Board; Homer
Phillips, past president of the board,
and H. Clifford Bangs, president of
the American Institute of APP
praisers. Horace Browning was
chairman of the Program Commit
tee The report of Wilfred H. Blanz,
chairman of the Membership Com
mittee. showing that 80 new mem
bers had been added during the
past year, brought vigorous ap-
plause.
Real Estate Bonds Climb.
Continuing an advance now 81
months old, 200 leading Eastern real
estate bond issues gained l per cent
In September, the Amott-Baker
price averages revealed today.
On September 80, the average price
per ST ZOO bond was $486, compared
with $481 on August 81, and $409 at
the close of 1943. These bonds have
gained 1873 per cent so far this year
and SO per cent in the q months.
The office building group made
the largest September gain, % per
cent. Next came the hotel issues
followed by apartment buildings.
Bond Financing Off Slightly.
State and municipal financing
during September amounted to $23,-
267 1885, compared with $26, AZ ,638 in
September, 1943, according to the
Daily Bond Buyer. The total for
August was more than $50 10000
For the nine months of this year
State and municipal financing to-
tailed S452, 457 ,221, as compared with
s403, 239 ,428 in the. corresponding pc
Rod of 1913.
One of the largest pieces of
financing was $4,000, 900 issue of
Baltimore metropolitan district
bonds.
d. C. Men on. Program.
These Washingtonians are on to-
days program for the 10th annual
meeting of Gray Iron Founders
Society in Cincinnati: Brig. Gen.
Henry j. Reilly, Owen c. Gretton,
1t. Comdr. Lester B. Knight, 1t.
Col. Francis W. Parker, Donald j.
Reese and w. w. Rose, the associa-
tons executive vice president.
Bruce Baird, president of the Ma
tional Savings g. Trust Co., has re-
turned from a vacation in New Eng
land.
South Carolina bankers recently
presented A. L. NJ Virgins a $1,000
War Bond as a token of regard for
his able work as president of the
ABA. The bond later will be con-
yerted into a silver service set.