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Evening star. [volume] (Washington, D.C.) 1854-1972, January 04, 1936, Image 17

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Four-Week Summer Study
to Be Held at University
• of Chicago.
Opening the first systematic study
of real estate management methods
to be drawn from the whole national
experience, the Institute of Real
1 Estate Management of the National
Association of Real Estate Boards and
the School of Business of the Uni
versity of Chicago announce jointly
! * four.week Summer case study
j course in real estate management, to
be given on the campus of the uni
versity during the coming June.
They announce at the same time
that Harry A. Taylor, East Orange,
N. J„ president of the New Jersey
chapter of the institute, will be dean
of the course.
The course—to be a residence
course, not for credit toward uni
versity degrees—is expected to draw a
ftudent body from the best recognized
real estate management firms of the
icountry.
Principles, methods and subject
matter for the. course, the first of a |
series, will be developed in detail by
the institute, of which Howard E.
Haynie of Chicago is president. An
outline, prepared by a special com
mittee of which Henry T. Holsman,
Chicago, is head, was approved by the
board of governors of the institute at
Its recent Atlantic City convention.
Case Study Announced.
The systematic case study of typ
ical properties in the Chicago metro
politan area will be an important fea
ture of the course.
How far the institute as it writes
In detail the basic lectures for the
coming course will be advancing the
understanding of real estate may be
seen from the fact that no text exists
on much of the field to be covered.
Notwithstanding the large fraction
of the Nation’s capital assets repre
sented by income.producing urban
real estate, the business of real estate
management is so new as a specialized
branch of the business that no treatise
exists which attempts systematically
to cover the whole field. There has
been, of course, systematic study for j
some years of the management prob
3em of large office, store and loft
buildings, the skyscraper type of
structure, and existing literature is
largely on this single phase of prop
erty management.
The coming course will be developed
and conducted on a plan similar to
that of the national study courses in
real estate appraisal given during the
past Summer by the American In
stitute of Real Estate Appraisers in co
operation with the School of Business
-of the University of Chicago, and de
veloped in detail by that institute.
The appraisal courses, which drew
some of the country's leading apprais
ers as a student body, are recognized
as having set a new standard in pro
fo«ir»nal pHnratinn in real estate.
Taylor to Be Dean.
Chosen as dean of the coming man
agement course, Harry A. Taylor. M.
'A. I„ is associated with his father.
Frank H. Taylor, M. A. I., in Frank
H. Taylor & Son. which is this year j
celebrating its 50th anniversary of I
real estate service. Taylor, a past j
president of the Real Estate Board of j
the Oranges and Maplewood of the
New Jersey Real Estate Association,
and of the Chamber of Commerce and
Civics of the Oranges and Maplewod,
is a member of the Real Estate Ad
visory Committee appointed by New
Jersey’s commissioner of banking and
insurance in a recently organized de
partment of conservation set up to
bring skilled management experience
to the handling of real estate assets i
of financing institutions in the com- I
missioner's hands for liquidation or ;
during reorganization. He lectured on
real estate at Columbia and Rutgers. :
In addition to the dean, the fol- j
lowing have accepted appointment as i
members of the faculty of the man- j
agement institute's courses:
Harry J. Stevens, Newark. N. J„ past '
president of the Newark Real Estate !
Board.
James C. Downs, jr . Chicago, editor
,of the institute’s technical quarterly,
the Journal of Real Estate Manage
ment.
Oscar H. Boenicke of Chicago, who
will be in charge of all field work for
the course.
Edward G. Hacker. Lansing, Mich.,
president-elect of the institute for the
year 1936.
Carlton Schultz, Cleveland, for two
years chairman of the association’s
property management division, prede
cessor of the institute, and a former
vice president of the association.
Andrew C. Hamilton. Chicago, who
will give a number of lectures on law
as it relates to management.
Other members of the faculty will
be announced later.
New Dwelling in Madison Street
I V,. im.ii l .. . . - nil. II- II- ... 1.11 "".
This home, at 2 Madison street, has Just been pur chased by Mr. and Mrs. Robert R. Jones from the Stroup
Realty Co. It contains six rooms and bath. ^Star StalT Photo.
Home Modernization
New Electric Outlets Will Add to Convenience
In Using Appliances in All Parts
Of House.
BY LAWRENCE CROLIUS.
If your home is rather shy of elec
tric outlets why not call In a capable
electrician point out the places where
you would like to have convenient
outlets, and in a very short time he
will install them for you. It won't
cost a whole lot. and if you want to
you can have the whole job financed
under the terms of the Federal housing
act.
When you are having changes made
in the electrical system to aecommo- !
date these additional outlets it may
be necessary to provide new switch
ing facilities. Combination plates are
now available which will not only
lessen the cost of making the instal
lation. but will eliminate the possi
bility of overloading the circuit and
blowing fuses. A "no-fuse" panel has
been developed which operates as a
:ircuit breaker—turning off the current
automatically when it is overloaded.
After the cause of the overload has
been found and corrected it is merely
necessary to throw the "no-fuse”
switch and service has been restored.
The bother of fuse removal is com
pletely eliminated.
Locating the Outlets.
When selecting the various loca
tions for new outlets, bear in mind the
particular piece of electrical equipment
that you intend to use at that spot.
You should have a twin outlet for
every 12 feet of wall space in. the
living room for floor lamps, radios,
fans and vacuum cleaners. In the bed
rooms be sure to have outlets for
bedside lamps, heating pads, boudoir
lamps, and radios. Electric clocks,
which are now so popular, nearly al
ways could use special outlets of their
r»wn.
Electric percolators and toasters arc
being used more and more on dining
room tables at breakfasttime, elimi
nating numerous steps back and forth
from the kitchen. Pew houses, how
ever, are equipped with outlets which
will accommodate these simplest jf
labor-saving devices. Usually the
connection is made by running an
unsightly and oftentimes dangerous
extension cord across the floor to a
distant wall plug. Or possibly a wire
is run to a light fixture above the
table. Wouldn't it be much tidier
looking and more convenient if a
plug fixture were provided near the
scene of operations, either on the
wall nearer the table or possibly in
the middle of the floor under the
table?
Blessings for the Kitchen.
The kitchen is another place where j
numerous outlets are a blessing. The
electric refrigerator should have its
own plug connection, a kitchen venti- j
lation fan will require an outlet high {
up on the wall beside it. and you can
always use an extra one for the toaster
or waffle iron. The many new devices
now being used In the kitchen, such
as electric mixers, choppers, grills,
drip-coflee pots and electric irons, all
necessitate adequate connection facil
ities If their full value Is to be realized.
Bath rooms require outlets for curl
ing irons, electric razors, razor sharp
eners and heating devices and should
be carefully placed to avoid the pos
sibility of shocks or electrocution from
grounding on a wet floor.
If you have any questions concern
ing any of the information contained
in this column send a stamped, self
addressed envelope to the Home Mod
ernization Editor at The Evening Star
Building and a prompt feply will be
received.
-« —
PRICE INDEX GAINS
Farmer* Receive 9 Point* More
for Production.
The farm price index of the Bureau
of Agricultural Economics was 110
on December 15. or 2 points higher
than on November 15. and 9 points
higher than on December 15, 1934.
Farmers received higher prices dur
ing the past month for lambs, sheep,
veal calves, hogs, wheat, potatoes,
rice, buttcrfat and apples; lower prices
for corn, cotton, cottonseed and eggs.
All groups of products except cotton,
cottonseed, strain and some miscel
laneous items are higher priced than
a year ago.
SPIRITED REALTY
SESSION EXPECTED
Flans Are Announced for South
Central Regional Convention
in Tulsa.
Opening with a keynote address by
J. C. Nichols of Kansas City, recog
nized dean of American home build
ers, end climaxing with an address
by Walter W. Rose. Orlando, Fla.,
then to be rounding out his first
month as president of the National
Association of Real Estate Boards,
the South Central Regional Conven
tion of Realtors, to b? held at Tulsa.
Okla., February 12-13, Is expected to
be one of the most spirited of such
conventions now being held from
coast to coast. It will be sponsored |
by the National Association of Real
Estate Boards, the Slate real estate
associations of the region and the
local host real estate board.
Drawing from eight States—Mis
souri, Arkansas. Louisiana. Texas.
Kansas. Oklahoma. Colorado and .
New Mexico—the meeting will have
the Tulsa Real Estate Board, orig
inal proposers of the regional con
vention idea, as hosts.
As vice president of the National
Association of Real Estate Boards for
the South Central region, Mr. Nichols,
creator of the potable country club
district of Kansas City and member
of the regional plan commission of
Washington. D. C.. will preside at
general sessions. He also heads the
Convention Committee.
Historic House Repainted.
Dr. Samuel Johnson's house. Gough
Square, in London, has recently been
repainted. Built 235 years ago. Its
woodwork has been carefully preserved
throughout the years.
OUTLOOK IS BRIGHT
FOR FARM REALTY
Over 6,400 Parcels Sold in
1935, Compared With
4,900 in 1934.
Brisk activity and an optimistic
outlook in farm real estate is indi
cated by figures released today by the
Farm Credit Administration on 1935
operations.
Over 6,400 farms placed on the
market were sold by the Federal land
banks to fanners and other investors
in the first 10 months of the year,
compared to 4,900 in all of 1934 and
4,100 in 1933. In addition, over a
thousand part farms were sold In
1935. v
Farm real estate sales during 10
months of 1935 amounted to $22.
154,000, with a recovery of 101.2 per
cent of the carrying value, compared
to $17,600,000 for the entire year
1934 and $14,113,000 in 1933, with
recovery of 100.1 and 97.5 per cent,
respectively. Farm real estate held
by the banks on October 31, 1935,
amounted to $95,816,000.
Banks Have Steady Business.
While the emergency refinancing
of farm debts undertaken by the land
banks is now practically terminated,
the banks have had a steady business
of normal financing during the year
and an unusual demand for loans to
finance the purchase of farms. Ap
plications for such loans are now
being received at the rate of about 1
2,000 a month.
A part of the new interest in farm
purchases was generated by provisions
of the farm credit act of 1935, which
authorized the land bank commis
sioner to make first or second mort
gage loans for farm purchases in
amounts up to 75 per cent of the ap-.
praised normal value of the property
to be purchased. Around $800,000,000
of commissioner's loans have been
made since the Spring of 1933, but
until recently were used almost en
tirely for refinancing old debts.
1U W cm (■Jiut.iitg V 1*1
During the flrst 11 months of 1935
farmers paid over $61,000,000 Interest,
on Federal land bank loans, which
was approximately 90 per cent of the
interest maturing, compared to about
$50,000,000 of interest collected In the
corresponding period of 1934, which
was 87 per cent of maturities.
During the year the Federal land
banks were successful in refunding a
considerable part o£, their outstand
ing bonds at lower rates, and as a
result gradually dropped the contract
rate of Interest on new loans through
national farm loan associations from
5 to 4 per cent. A temporary reduc
tion to 3'i per cent Is provided for
Interest installments payable in the
year ending June 30, 1936.
Paint Aids Card Table.
Color will give character to an other
wise uninteresting piece of furniture— )
the card table, for Instance. Usually
so stereotyped In appearance, it will be
far more attractive if painted in a dis
tinctive color scheme—oittersg-eet red
for the frame, with a Jade green top. \
brown with old gold or two tones of
blue.
Dig Only in Kainy Season.
In Sierre Leone, on the coast of
Africa, natives can dig for copal, a
fossilized gum which is used In varn
ish, only during the rainy season. At
all other times the red clay soil is so
hard, it is said, that it is impossible
for them to dig in it with their crude
tools.
MARKET IS SOLD
Montgomery County Women Buy
Site at Bethesda.
Sale of the market at Bethesda,
Md„ together with a large portion of
the corner of Willow lane and Wiscon
sin avenue to the Montgomery County
Farm Women’s Co-operative Market
has been announced by the office of
Lee Counselman and Thomas S.
O’Brien,
Started four years ago by a small
group of farm women seeking to find
a market for their farm products dur
ing the depression the market was an
immediate success. The number of
women occupying space has steadily
increased, and at the present, approxi
mately 90 are engaged In selling their
products on the market days, Wednes
day and Saturday.
calm
SALES REPORTED
Apartment House on La
mont Street on List of
Shannon & Luchs.
Real estate sales having a valuation
of more than $325,000 were made dur
ing the last weeks of 1935 by the
Shannon it. Luchs Co., it was an
nounced today.
The outstanding sale was an apart
ment house at 1900 Lamont street,
sold for the National Mortgage Si In
vestment Corp, to an out-of-town in
vestor.
Among the other sales are the fol
lowing:
6231 Georgia avenue, sold to Carl
Schneider, jr.: 1326 Gallatin street,
sold for Arthur E. Demaray: 324
G street southwest, sold for Mrs. N.
K. Zell to a local investor; 1863 Cali
fornia street, sold for G. O. Ahlgren
to a local investor: 2022 L street, sold
to Basil M. Smith; 19 K street south
east. sold for P. T. Hungerford to a
local investor, and 533 Newton place,
sold for V. C. Livesey to a local in
vestor.
435 Newton street, sold to Mr. and
Mrs. N. H. Levinson for their home:
3416 Porter street, sold to Mr. and
Mrs. R. D. Caves; 7208 Seventh street,
sold to Mr. and Mrs. H. P. Kaufman;
107 K street, sold for L. F. Dodson to
a. local investor: lots in Hyattsville
sold to Bergmann. Inc. and northeast
comer Raleigh and Nichols avenues
southeast, sold to Gulf Refining Co.
SALES HEAD NAMED
N. C. Hines Comes to Saunders
From Carolina.
N. C. Hines, well known in realty
circles in Asheville and Raleigh. N. C..
has been named sales director of the
Wm. H. Saunders Co.. Inc., it was an
nounced today. He was for a number
of years engaged in the business of
developing high-class subdivisions and
building homes in the North Carolina
cities.
Financing Here Expected to
Increase in 1936 With
Swollen Reserves.
Large Increase* In deposits during
1935 assure home financing institu
tions in the Capital of ample funds
to care for the thousands of loans an
ticipated in 1936, it was announced
at the year-end meeting of 4he Dis
trict Building and Loan League, held
this week in the Raleigh Hotel.
Loan activities of the local build
ing associations showed great im
provement during the past year, and
league officials are looking forward to
the best year since the late 1920’s.
The member organizations Increased
their assets by *9,000,000 during 1935,
bringing the total assets to $104,000,
000. Six thousand loans for home
ownership were made in the past 12
months. ,
C. Clinton James, counsel for the
league, gave an analysis of the Fed
eral and District unemployment in
surance regulations. Mr. James ad
vised the associations that as soon as
the new regulations are obtainable to
get a copy of the same and check up
with the local board and do the
things necessary to be done under the
regulations within the time limited by
law. He stated that the new regu
lations would be available soon at the
office of the superintendent of In
surance.
The committee on the annual ban
quet, composed of Rudolph W. Santel
man, chairman; Frank J. Ehlers,
Fred A. Smith. Charles W. Schafer,
Raymond K. Espey and William S.
Qulnter, made Its report, stating that
the banquet will be In the nature of
a dinner dance and entertainment, to
be held at the Mayflower Hotel on
February 27 at 7 p.m. It Is expected
that between 300 and 500 officers and
directors and friends of the building
and loan associations will be present
at this banquet. It was also decided
at the meeting that there would be
no speechmaking on this occasion.
The new officers for ihe year 1936
are; Robert E. Buckley, president;
Arthur G. Bishop, vice president; Wil
liam 8. Qulnter, secretary, and Mil
lard T. Dixon, treasurer.
Testing Old Houses.
Before purchasing an old house, go
down Into the cellar and examine the
sills on top of the foundation walls
and the first-floor Joists. These are
the points where decay or the depreda
tions of termites will first take place.
If these are sound, it is safe to as
sume the balance of the frame is
sound also.
Brick Holds Place.
Despite the many building materials
that have come into use during the
last 5.000 years or so, bnck has main
tained its place as an outside finish.
Sonnysayings
I,., ^
Why, Baby! Ya don’t mean t’tell
me ya want a piece ob this pie, when
you knows I took it without askin’?
That's about the unmorelest thing a
feller ran do, I guess.
F'.' - ■ — -' a
In Brookland
1009 I
< Hamlin St. N.E.
Modern Colonial brick I lot 18x143.
conveniently situated just above
Rhode Island Ave. Contains six
large rooms, tiled bath, front and
rear porches, electrie refrigeration.
Rs furnace, new gas range, new
loleum. hardwood floors, screens
pnd garage. Price. 87.450.
Inspect Today or Tomorrow.
Open Sunday, 2 to t
L T. GRAVATTE
J39 15tK Realtor Nat. 0753
i I ju .1 1 ' ■ I »"*l .
CLEVELAND PARK
CLEVELAND AVENUE
NEAR 32nd STREET
An attractive detached home in beautiful English
Villa**. Pour master bed rooms two baths maid's
room large living room with fireplace, dining room,
lovely sun parlor Very large lot. May be bought at
a real sacrifice price.
Inspection by .4 ppeintmeut
<Tl?r iTf&rral-Ammratt (ilompattg
1429 Eye St. N.W. National 9666
R u I LT BY U U N I Cj A N ■ ■ ■ BU I L I_« lun
DUNIGAN'S NEWEST HOMES \
I I
I
hi Ph
i| I
Completely Furnished Exhibit Home
128 JEFFERSON STREET N.W.
Furniture by HutchiioiH, Inc. —Drapes by John F. Ligoa
OVER 26 YEARS OF BUILDING EXPERIENCE AND RESPON- Cfi ORA
SIBILITY hoi been incorporated into these all-brick homes on
one of the most highly elevated sections of the city. Seven large .* t0
rooms and recreation room (heated and paneled), detached
, garage, cedar-lined closets, oak floors, hardwood trim. Colonial f Q IRQ
brass fixtures, large airy cellar, fully screened. Large kitchen and <P7/
dinette. Double laundry tray and servant's toilet and coat'closet Terms
with full-length mirror. Wrought-iron rails on stairs, new type radia
tors, two and three-colored tile bathrooms with shower. Many elec- open daily
trie outlets; several floor plans to select from. Deep lot to paved and Sunday
^ D. J. DUNIGAN, INC.
Towtr Building _NflHond^T265^^^r
• _ • %
SALESMEN
Opportunity for 2 high-grade sales
men of $5,000-a-year caliber,
with real eitote or home equip
ment experience, to moke sub
stantial and immediate income in
a most active field closely related
to R. E. business.
All inquiries will receive immediate
reply and be held strictly confi
dential. Addrett Box 1S2-Z,
care The Star.
6017 4th
STREET N.W.
7 ROOMS
A Real Value
SEMI-DETACHED
$7,750
NEW-HOISE
CONDITION
TERMS
This Is a 4-b«d-room home, with large
open fireplace—deep lot—2-car garage.
Open Today and Sunday Until V p.m
HARRY B. PITTS CO.
101.1 1.1th St. N.W. Met. OIIM1
By All Meons See Wardman's 1936 Offering
10 Sold in This New Group
Sample House, 623 Powhatan PI. N.W.
Between Rittenhouse and Peabody Sts.
$7,350
Six Rooms—2 Boths—Built-in Garage—Recreation Room—Electric
Refrigeration—Slote Roof—Furred Walls—and Weatherstripping
HARRY W^RDMAN, INC.
1512 K St. District 3830
Life’e Worth Living in a WarJman Home
m ■ i i - I
I . _ ■■ --—___ ■ ——————
THIS NEW GROUP OF HOMES
Modernly, Expensively Equipped Selling for
—^hSSO
3821-47
CALVERT
STREET
^OWN CONVENIENCE* COUNTRY ATMOSPHERE ~~1
w
s
w
FEATURES OF
THESE NEW HOMES
1. 8ii rooms, two doors and alcove for
tiled baths; reerea- dresser. (Also two
tion room and toilet tile baths, one with
in basement. shower and one with
_ _ . . . . . tab and shower.)
!. Hot - water belt
with Bryant sx«-flred „ R#,f ta„B,kUj wlth
holler. In new Royal r#rk 4 i„che.
bine jacket; SO-aallon tki.k
i Rex het-wator heater ,nlc*
te match. #. Detached brick
S. Copper water plpea earaad. far
for bath hot and cold o*«b honeo. ;
w»**r- in. Each bonae fitted
a. n-crc.tlnn room. with eopner screen.,
lixlf ft. faiahtol la Chamberlin metal,
knotty pine, floor, of weather-atrlppod and ;
asphalt tilt In ape- eaplhed.
rial dealsa- Lara* back yprd.
ft. Urtna raom. 1«x aoddad and fenced,
ilfl- IS. Ample fleer ply as
doable floor 'pl»ra. ‘VrldlT^rilh.
| Oxford cabineU;Bmod! 1*. Venetian bHadi
. *rn electric refrlier- In Hvtai and dininc
Open Saturday at#n modern "Estate r**“‘
'a c i 7 P* rsg **«* b,,K- 14. Latest type min
A Sunday , M.“ bedr..-. n “
in A At xt7 ft. 4 la.. With IS. Tea-year saaraa
1U A. m. 10 twa closets, miner toed reef.
9 P. M. -
SIZE OF LOT 137 FEET
To Paved Alley
A feature of these homes is their newness in de
sign and arrangement. Our experience in home
building enables us in each new home to introduce
improvements in design and construction . . . Each
home has large lot—is ten minutes’ ride from down
town Washington—southern exposure, modern ly
equipped in every way. Each home is bordered by
open landscape, and spaciously arranged for com
fortable living, near markets, schools, Vs block
from buses and street cars. If you are considering
a new home, get full information, especially inquire
about terms, that makes the acquisition of a new
home here easily possible.
Furnished
EXHIBIT HOME
3825 Calvert Street
Furnished by Julius Lansburgh Furniture Co.
Drive out Massachusetts Avenue, turn left on Wisconsin
Avenue four blocks and right at Calvert, |
CALVERT REALTY COMPANY
162S K Street N.W. J. A. McKeever Go., Afents District 9706
I---T--—' S “

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