Show f Jt 2 TirE SALT LAKE TRmUNE SUNDAY D WORSTING JANUARY 151939- - Week’s Real Estate Activity Marked by Business Deals v Real Estate Boards Find Outlook Good Capital Supply Up The real estate market nationally comes into the year 1939 with pace that in most factors already matches or surpasses its prerecession gait ' semiannual survey of the real estate So finds the thirty-secon- d Association of Real Estate Boards the National by market compiled from confidential reports of member boards in 271 cities Four things stand out in the surlots were sold for every 73 homes vey findings: buil- t- Homesite sales averaged one 1 Increased supply of capital lot for every 243 persons In the uravailable for real estate loans and ban population Home building reported by the even more Important continued identical cities averaged one- new tendency to lower Interest rates single family dwelling for every The survey shows the most general- 337 people ly favorable situation in respect to Rents for single family houses both interest rates and mortgage which advanced steadily from 1934 to the end of 1937 have felt the money supply that has ever been effect of new residential construcesrecorded in the country’s real tion are stationary in 64 per cent tate history of cities reporting They are up in 15 per cent of the cities hut' lower 2 Beginning however of last-ye- ar than at this time in 21 new and resibetween old cent of the cities The rise or per dential properties due to difference drop where it occurs has been only In outlook for financing for these about 5 per cent in the average types of properties a differentia- city A 10 per cent rise however of the by tion that -- city after city reports is reported “up" cities and a 10 per cent drop fiA If H F will be accentuated by over a third of the “down” cities nancing for existing homes is al- The national rent level for houses lowed to go out of existence on July is now about 82 per cent of the 1 1939 (as it will unless congress level prevailing in 1926 suits to extend the date ) 3 Undersupply of single family Apartment Rents Stable dwellings in 34 per cent of cities Apartment rents are in a very despite the revival of home building stable situation They are on a and despite the appreciable new level -- witlr1astyesnt-thls time in doubling up of families which ac- 69 per cent of the cities higher in recession business companied 15 per cent of the cities lower In 16 4 Substantial activity in the per cent of the cities The median of evidence homesites market for rise is 5 per cent though 29 per cent preparation of family after family of the “up” cities give their adfor new home building Measur- vance as 10 per cent The median able upswing here despite the re- drop is likewise 5 per Cent about cession in general business activity d of the cities where there which began in the last months of has been decline give the amount as 1937 is symptomatic of the under- 10 per cent lying strength of the real estate Apartment rent levels which outlook have had a comparatively narrow range of ups and downs for the Other Features last and a half are now at Other cardinal points as to to- aboutyear 68 per cent of the levels presituation: day’s in 1926 Market activity higher than last vailing houses show Rents for of cent In 83 per year at this time a situation much like that for the cities reporting and abreast However' dwelling with nhs me ‘Which ' opened last where duplex rates have gone down year in 38 per cent of the cities the drop commonest Is 10 per cint (The like survey of six months ago A is felt of found only 9 per cent of cities In shortage ofapartments all cities report more active and 74 per cent less lng Not a sixth of the cities active than they had been a twelve-mon- now have quite While an earlier That was in com- 34 per cent of cities report shortage with the postdepression parison of single-fami- ly dwellings 5 per -peak activity reached for real es- cent In addition have a prospective tate In May 1937) shortage Only 6 per cent have an Selling prices steady in 64 per of a cities median cent of the Up of 10 per cent in about the cities Still affected by the recession In almost a quarter of the cities Where they are down the median drop is 10 per cent (Prices for residential property are fore cast to nse during 1939 in 65 per Rise cent of the cities reporting expected is ordinarily about 15 per - adif-ferenti- Mild Winter f t Mild Weather Permits Building Keeps Home Building Up Ninth East Building To Be Modernized Taking advantage of unusually warm weather an abundance v of skilled mechanics and modern construction methods Salt Lake City home builders have winter construction under way in many residential sections of the city After a survey of building permits issued during the winter months Mark Tuttle manager of the intermountain branch Associated General Contractors of America stated there “is "four or five times the usual amount of construction now underway" “New residential construction has held up remarkably well this winter On the north and east benches and in the Highland Park section new homes are springing up with amazing rapidity" he declared Much activity has been noted on Eleventh Twelfth and Thirteenth avenues where large homes affording their owners magnificent views of the entire valley are being con“ m five-roo- ry m five-roo- m five-roo- m m m Almost completed colonial residence built this winter for Henry Dinwoodey One of homes its construction was made possible by a mild winter and modem methods Thrift Week many-suc- h five-roo- m Celebration er one-thir- Salt Lake real estate brokers Saturday reported a quiet week spotted by good business property transactions with but meager residential trading Several building lots were sold Of interest was sale of a brick structure at 401 and 403 Nmth East street to A Duanne Stewart whose brokers stated modernization of the building and erection of a companion brick structure to the east was planned for the future Hogle Investment company was broker for J S Vermillion of Long Beach Cal owner Built on a lot measuring 45X107 165 feet long and feet the building 'is now occupied yon Measuring was purchased wide the "property on the first floor by the Vermillion by William L Vogler from ConsoliDrug company and the Modern dated Company Realty Cleaning company- - while on the Second floor are two Residential Sales apartments Cook Realty company reported Hogle also reported sale of a vasales Involving two cant lot on Fourth East street be- residential seven-roohomes and a tween Harrison and Cleveland ave' nues to Richard A Gardner Jr 'who brick cottage 169 North Sixth West street a At to erect residence a plane was brick cottage on the property Mrs E Grant seven-roobought from Annie Anderson by White was owner S Hill Niels Jensen sold Another building lot sale was re- - William seven-rooframe cottage to Anported by the same company at a Tenth avenue and City Creek can- - thony Dufrenne the property being located at 119 McClelland street In exchange Dufrepne sold Jensen a brick bungalow at 1738 Sixth East street Clyde Bradshaw Realty company brick were brokers In a home transaction to Mrs Thelma owned — Dimick Misa Rowena-Pac- k the property located at 2118 Sixth East street Fred G Breinlng broker anWASHINGTON Jan 14— Thou- nounced sale of three and sands of savings Institutions will acres of orchard to Edward L Vetumte from January 17 to 24 In the ter for Dan Gamier at Twenty-fir-streets East and Seventeenth South celebration of National Thrift Keyser Realty company listed sale week designed to focus national at- of a brick colonial resitention on the value of regular dence at 771 Ramona avenue to Lauren W Gibbs for J Edward saving the Federal Home Loan White bank board announced today Acting for the American Thrift The birthday anniversary of Ben- corporation they also sold a build- jamin Franklin sage of Philadel-ghi- a ing site at Nineteenth East and and patron saint of thrift who Hubbard avenue to John E White was born January 17 1706 has Other Dwellings In Deals been aptly chosen as the beginning A frame dwelling at 1832 Herbert avenue Was sold by of this period officials said During Thrift week public speak- the E B Wicks company to P H ers and newspapers will call the Mutart Reliance Building company attention of all Americans to the held title to the property Union Trust company sold a value of consistent saving as the brick home at 745 Seventh foundation of both personal and nag East street to Douglas P Lloyd tional economic Celebration of Thrift week Is be- Home Owners Loan corporation foring sponsored in many cities by merly owned the property Ed D Smith & Sons recorded sale members of the Federal Home Loan brick buildbank lystem-whic- h hsw includes of a 3952 institutions having assets of ing at 3491 Highland drive to J William Stoner Raymond Chris$4 410000000 In announcing the celebration of topher was owner At 214 East Seventeenth South National Thrift week Vice Chairbrick bungalow man Ts D Webb of the Federal street a owned by H O L C was sold to Home Loan bank board said "The virtue of saving so strongly George R Hasalng brick bungalow at 824 Franklin A preached by Benjamin n A street owned by the federal housthrough the aphorisms of his Poor Richard is ing administration was purchased pen-nadeeply ingrained in the American by George W Davey The company also reported activcharacter "I believe however that It Is ity In building lots having sold part weTTTo” refocus our national atten- of lot 4 block 109 plat D Salt Lake tion at least once yearly on the City survey to Frank Zaccheo for’ value of thrift so that it may not Charles Olson and part to Henbe forgotten” ning Henderson two-sto- structed An example of this winter buildstructure ing activity is a nine-rooof modified colonial architecture 'I five-roo- m Plans Made one-ha- lf st five-roo- ’w a w- tfcr WSMSB home now under Left Vermillion Drug company building changes hands in major real estate transaction Right this eight-rooconstruction is planned for comfort and utility Difficulty of winter construction has been lessened greatly by science m built and nearly completed for Mr and Mrs Henry Dinwoodey Located in the 700 block on Elevy structure enth avenue the veranda overlookhas a ing the valley Of light ’red brick with cream-colore- d shingle trim and woodwork the residence has nine rooms and three baths - Laying quarters at the rear of the house to take advantage of the south exposure although the entrance faces Eleventh avenue on the north The living room with Its broad d windows on the south and birch mantel on the east is paneled with birch on the north end and woodwork in other parts of the room is painted light green matching the walla The second story Is surmounted by an almost flat shingle roof of the Monterey type The home will be ready for occupancy by the end of the week R Lloyd Snedaker architect who designed the Dinwoodey residence has under construction an eight-rootwo-stor- five-roo- Modern Homes Held Better Than Old full-leng- m single-- family one-quart- er th over-supp- ly over-supp- ly one-eigh- Many Methods Available for Good Lighting five-roo- So 6 m with coal-o- il to clean the chimneys but finally gave up Even the By BLAIR RICHARDSON to trim the wicks You have at brick and lumber— to say nothing of reone aome we hear often least watched the mixing and bak- the process of their being made mark: “Wouldn’t it be fine If we ing of bread You likely have made useful— had been delivered by could go back to the good old days” the “fire in the kitchen range in trucks dependent upon electric curof One No ono knows exactly which days the Stove in 'the front room and rent for their operation une tn the "upstairs the men suggested milk but quickly the very likely would be picked but evidently they hall Perhaps you remember haul- withdrew the idea because electric would be days when the living ing water in the barrel for a mile power In most dairies operates the would be a little simpler when the or so or did you catch the rain- milking machine the pasteurizer bottle washer— In many cases distractions would be fewer when water from the spout? Do you re- thefills the bottles caps them and member heating that same water it the everlasting hurry would be a in the teakettle or the wash delivers them little less in evidence Everyone boiler or the reservoir on the back Modern homes are being built so likes to think of a quiet afternoon of the stove for the weekly bath? as to take full advantage of this on the farm when daydreaming Did you ever help to put the straw marvel of electric service And the under the front room carpet or fill surprising thing is that in the was so agreeable or of the long the bed ticks during spring house form of that service we get so e lazy evenings before a cleanirg? Xhd you ever do any of much for so little From nor other when comfort didn't always have the sweeping of the floors or did expenditure can a man realize such to be In high gear But that kind you just sit around and compaln of rich returns “The good old days?" you've dusted I am afraid I shall be content with a the dustwakeOf ofcourse of thing is just remembering one of those broom “the good new days”— thanks to in the few bright spots and setting them avalanches Whatever else those electricity up against the features of our presen- “good old days” were they were t-day days of work and endless cleaning living which are annoying y residence at 774 Only the mother of a brood of look at "the another Let's taks Eleventh avenue children will ever understand what cent) Designed to give the utmost In good old days’’— before there were Saturday meant in a country home Rents in the most stable situation is hard surfaced Did you in “the good old days” y of the postdepression period k highways Proper lighting for the closets In utility and comfort the home shingle ever drive a team of horses in mud Capita! for mortgage loans seek- a home may be solved through se- constructed of a doublehorizontal What about the “good new days?” finish a giving striking ing investment In 77 per cent of the lection all the Ills that may be from many available shadow-lin- e effect up to their knees? Did you ever With cities loans seeking capital In only these days enumerated NovemV- Did started was methods streams? Construction ford unbridged you have their certainly 13 per cent of the cities This faThink of advantages 1 of aid antifreeze ber and with A ceiling light in a closet may vorable situation is even more gen ever walk a couple of miles of an the luxury of an automobile and of In the concrete mix eral than at the May 1937 peak frozen mud the attendant have a pull chain or wall switch chemicals of a heated water and richer cement early morning on the Interest Rates Down fV it 4 Is always the danger howwere crowded up by the wagon tracks million miles of paved highway In foundations proportions Interest rates in 29 per cent of There i b $‘i this country Think of modern forbe ever laid misthis without and brick before? that of may light the poured lower last than night cities the year newspaper with its world-Wid- e at this time when they were al- gotten and bum needlessly for hap although frequently l Some Reminiscences coverage or think of the radio that closet 69 outside A the temperatures hours In In switch lowest history ready the brings into your own living room combination home a The has these did all If a you with be things door last you pilot equipped may per cent of cities steady at the finest entertainment — of the the south when the facing 2 red which glows know what it meant to chop the world Let’s take a look into the per light year’s level Rising in only dressa bedrooms are three Is There on closet In the cent of the cities light kindling wood to take in the coal to modern home Of course in any A door switch which automatiing room and two baths Market for subdivision or suburtake ouc the ashes to fill the lamps age the quality of a home Is demade was architecture Exterior closet ban lots improved overcast year cally turns the light in the termined by the kind of people who the interior conform to with design d of the on wheTi the door is opened and at this time in make up its spirit but mddern confor seven-rooand was ture ready is completed a Another example cities reporting (Decline is shown turns it off when the door is closed add tremendously to the veniences of the first conthe residence year occupancy by modern colonial brick h “ is satisfactory of the cities) In only git Is of white comfort of livin- Make a compariVacant lots sold for homesites Another arrangement Is alight structed in record time for Mr and Two stories highconstruction v new between “the son days” good and 518 frame brick and A Frederick R Hinckley at 1 during the year exceeded consider- which bums for a stated time and Mrs has three baths Stayner Richards and “the good old days” Think of Eleventh avenue This turns off then in built homes automatically of the number ably Modern lighting effecta the lighting for instance In the New Fred A Carleson Inc showroom on East South Temple street Started October 1 1938 the struc- - wae builder the cities reporting One hundred guards against wasted electricity olden days it was all too frequently combined with redecoration made this structure an ideal display place for automobiles a smudgy lamp to be carried from room to room To say nothing of Launched on their third develop- the week Fred A Carleson Inc from the company’s headquarters the inconvenience reading by such ment program within the last five at 535 South Main street Saturday were installed in their new now of years by a formal a light was a trial Think during showrooms opening 220 South East at the lights— free from glare available in every room and in every closet Temple street for to 14 make extended feet space in the house Think too of their Leased through the Woodbury With only a few rooms yet ta the seeond floor which was remod- 'A newly appointed kitchen situatWHAT GOOD room a new card convenient location at the side of be redecorated and cleaned the eled two years ago all rooms in the ed between the main lodge hall and New from Sewells Inc the in were laid corporation floor coverings such chair Had favorite Lake chapof Salt your clubhouse pity have been redecorated in another smaller chamber reserved every room In the building company has taken 5000 square feet been attempted In the days Yaluees ARE RENT CHECKS ter Loyal Order of Moose has in building en- lighting mod- for Women of the Moose meetings and colored cream the officials estimate jazz plaster Lodge cost exwould of valuable floor space which fot have the of the lamp the last two months undergone was added and a smaller kitchen tire program will be completed been prohibitive and the house Can Be Lowered tensive renovation and moderniza- ern lighting fixtures nearly a year has been unoccupied Throughout the building obsolete Unit installed on the first floor An within a few days 10 YEARS would have been cluttered up with tion Constructed as an automobile was replaced with modern The general contract was let ts plumbing the A Or ' of contribute number factors lamps contrasting try more showhn of for water hot automatic expenditure plant Involving fixtures and electrical wiring inshowroom almost ten years ago Lyndon Miner and a separate modern kitchen with the one of “the to the FROM than 36500 the lodge has increased adequate for the load often depreciation of property val- the section of the placed ers bar kitchens and heating was plumbing contract given to S A good old days” Do you talk of the building occupie4 size of its facilities by construction upomit was altered to conform to also installed Erskine Plumbing and Heating electnc range or the refrigerator ues which can be minimized if steps of a new facade to replace that of modern demands by the company has 100 feet of Tn are time Along the rear the building was company taken or the mixmaster or the percolator an earlier decade and is 50 feet deep If there ever was a time or the ironing board? If you talk Shall flaws in a house lack of frontage Located at 161 Second East street Palace market formerly ocCrystal when money paid out for of any of these things you talk of equipment and shabby the building formerly was faced cupied the space convenience and comfort rent could be made to buy exteriors should be given prompt been with ornate brick and plaster which have Interior decorations has given way to streamlined stucRichnrag of Living Today attention by property owners" altered and modernized with ema home of your own IT IS co finish No one can think of tha richness If items requiring attention are phasis placed upon unusual Neon 12 feet RIGHT NOW effects Inside and outside By extending the front Building that come Into our homes today taken care of as the need arises lighting contractors made room for adminLincoln-Zephand Mercury Costs are Still Down— 'hut and not thrill Attendant costs will be radio the through comparative- motor cars of the Ford Motor comistrative offices a larger entrance at the wealth of living made pos- ly slight Neglected until and a spacious reception hall and a will be displayed Fred A are Due to Rise Sharply of "the good new becomes acute these samedamage this sible by gift flaws pany check room said Other vV Carleson president often become exdays” items of major Very Soon! Excepting the main lodge room on Ford products will be dispensed Have you thought how fully pense two-fami- ly t m well-bein- three-apartme- five-roo- m hand-carve- six-roo- fire-plac- one-etor- $ i New Automobile Shoivroom Opened A itincotn' vrtWt‘f?K25§ n l three-quarte- one-thir- m one-sixt- f ' V Moose Club Building Renovated Modernized Depreciation in Property NOW? mrww er rs inthe-magic-- of i ELECTRICAL a ri kV 'fell FIXTURES O Largest Stock O Lowest Prices O Newest Designs JYBuckleElecGo 636 SO STATS WAS IMS New modern front enhances Moose club Part of a renovation program nearing completipnpew construction has increased depth of the building 12 feet electricity? The airplane the radio the auomoblle— the three great keys to modern progress— all of them bound up through the use of electricity The modern conveniences m the home— there again the magic of electricity A few days ego two home owners sat down and listed the things electricity did in their homes After they had listed about fifty different items they quit “We live electrically” they aaid After they had stopped listing electrical services they suggested that it might" be simpler to itemize the things that electricity had no part in For about ai 1 hour they thought and thought flaws in a dwelling each year and to install modern equipment or modernize some part of the building every year Such a practice will not only preserve the building but may enhance it valus — Countless times a home needed to house a large family is left to one or two people when the rf marry and move away If the old home has ecn maintained In good condition it need not be a burden By redividing the upper floor adding baths and providing for small kitchenettes the property may be made to produce sufficient income to help provide a livelihood for its owners chiil-dre- A COMPLETE V BUILDING JUST TELEPHONE SERVICE— PLANS HYLAND 109T for Expert Plumbing Work No matter what you want done FINANCE— MATERIALS we can give you eervlce in lust a few minutes with our Complete Plumbing Shop on Wheels CALL US K & K — “ONE-TRI- P PLUMBING 203( So llth Sugar House Luuflien Hardware Co 1174 EAST 21ST HYLAND 1 1 SOUTH SSS SFRVICE” & East HEATING Hy 1097 HORACE B RICHARDS M O M(T ASHTON Prei J |