The Cincinnati Enquirer from Cincinnati, Ohio • 41

THE CINCINNATI ENQUIRER Building araenmg News SECTION TWO SUNDAY MORNING, JULY 27, 1947 EIGHTEEN PAGES lit Zjfe Plan Theory Is Stressed Department Store To Display Models Of Vetvillage Homes NUMBER OF UNITS DWELLING UNITS CONSTRUCTED '-IN CINCINNATI INCREASES Noted By Agencies. Dividends Paid By FHLtt Districts Up $91,962. 4 0 0 Rent Law Still Is Chief Topic; Recording Of Leases Discussed BY FRANK RUHL. Some of the rough edges of the new rent law had been shaved last week, but there still remained a lot of unanswered questioAs, and the local rent office not venturing a guess was awaiting more definite interpretations from Washington. Meanwhile, the National Association of 1 P8.I0 HMlti WHITS HOT llCVJ 3 0 0 0 lrJ: 2 0 0 0 i 0 0 1921 1925 I 0 lyjS i 9 1 0 19 4 5 CITY PUNMN8 COMM18S ON U'MCHAkTI OH'O MAiftR "1.AN 2'7it? is the third of a scrieit of articles dealing with an analysis of land requirements from 1945 through 1970 for residential developments as compiled bp the Master Plan Division and just released in book form by the City Planning Commission of Cincinnati, reasonably be expected to be built in that vicinity in the future.

plan's objective was to arrive at a distribution of buildings which gave to each residential area a reasonable expectation of new construction based on its potential carrying capacity and other potentialities for future development. Two types of criteria were observed in making this distribution. The first takes into consideration the minimum land use density standards to be observed in connection with new construction, and second, consideration to factors which would influence the amount and kind of housing which might be built in the area. In the case of vacant lots and small parcels of acreage, units were allocated only where it appeared reasonable to anticipate that the lots or parcels might actually be Continued On Tage 8, Section 2. After a thorough study of available land suitable for home building in the various neghborhoods, the Master Plan's next step was the recommendation that distribution of new construction be planned carefully In order to maintain and promote a desirable pattern of well served and stable communities.

To this extent the Master Plan attempted a geographical distribution of new building, allocating to each major residential area the number of structures and dwelling units of various kinds which might In conjunction with the Amer ican Legion state convention to Ibe held in Cincinnati August 1 to the Shillito will place on frame and will be of five different designs and color schemes. 'Mass buying of materials enables the homes to be built for these prices, Brooke said, and the price also includes the lot. Recently the Vetvillage Home Builders Association' negotiated over a $1,000,000 financing deal with the Union Central Life Insurance Co. Grading, sewer and street work already are under way in the project. display two models of homes to be built in Vetviilage, a project being developed by a group" of Northern Kentucky veterans in Cold Spring, Ky.

The models will be on display in About Town the fifth-floor Furniture Department during the entire month of August. In addition, in October, Shillito's will devote floor space to the duplication and furnishing: of two of the rooms of the finished homes, and when the first homes re completed around November, Ithe store will completely furnish Delta Avenue Business Sold. Edward J. Bracke sold to J. C.

Gibson the business known as Hollywood Meat Market at 1010 Delta on Mt. Lookout Square. The establishment is operated in conjunction with the Hollywood Market owned and operated for years by George Lake. The transaction was negotiated by A. H.

Gross, associate of Frederick A. Schmidt, Inc. nd outfit one home which will perve as a model home for the in- Real Etate Boards, taking the bull by the horns, asked the Housing Expediter's Office to clarify some points of the new law, particularly one regarding leases containing various clauses. In the OHE's answer to this request was one statement that may remove the cumbersome job of rewriting leases that do not conform to the law. According to the OHE the leases may contain a rider to the effect that, "Any provision in the lease contrary to the Housing and Rent Act of 1947, or regulations issued pursuant thereto, is void." Another new Interpretation of the law also was handed down last week according to the NAREB and that was that new leases may not contain sales clauses under which tenants must vacate prior to December 31, 1948, if the property is sold and the new owner wants possession.

This clause caused some stir among landlords who pointed out that tenants have the privilege of inserting a clause to the effect that they can vacate the premises upon 30 days notice. However, this clause can work to the advantage of the landlord sine any dwelling; vacated after February 1, 1948, Is automatically decontrolled and the landlord can charge whatever he desires, or able to get for the premises. For instance in a four or' more apartment dwelling, If one unit Is vacated after February 1, the landlord charges whatever he wishes but because of the leases on the other units, these rents remain as stipulated in the lease, or until they are vacated. But In any event the landlord must file a decontrol claim with the local rent office within 30 days after the unit Is vacated. It was pointed out ln several quarters that tenants having leases would be wise to have these recorded at the County Recorder's office.

With this recording, tenants would be assured of having a roof over their heads at least until December 31, 1948, in the event the property was sold and the new owners wanted to take possession. In an effort to clarify this recording procedure we asked Stewart Cooper, legal counsel for the Cincinnati Real Estate Board, for some facts. His statement follows: "THE CINCINNATI REAL ESTATE BOARD has received many Inquiries as to the requirements of Ohio law relative to the formalities of the execution of leases of rental property such as are provided for by Sec. 204 (b) of the Housing and Rent Act of 1947. "The lease contemplated by the Federal act Is a written lease signed by the owner and tenant as lessor and lessee, respectively.

"Under Ohio law, if such a lease is for the term of more than three years, It must be executed with the usual formalities of a deed; that is, with two witnesses to each signature and an acknowledgment by the parties thereto before a notary public or other persons authorized to take oaths of persons signatory to conveyances. "A written lease for three years or less need not be witnessed or acknowledged. On such a lease witnesses 'are valuable only to prove the genuineness of the signatures of the parties. "Recording of a lease Is not necessary to its validity between the lessor and lessee. However, Ohio statutes provide that lenses for more than three years must be recorded to be binding upon a bona-fide purchaser for value of the real estate who does not have actual notice of the tenant's rights.

"If leases contain a legal description of the premises they may be indexed In the Recorder's office in the chain of title to the particular real estate just as a deed would be. If they do not contain such legal description of the property, they may be recorded ln the sundries index, In the Recorder's office, under the names of the lessor and lessee. This index Is regarded by most lawyers as constructive legal notice to a purchaser as to the tenant's rights. "Where a lease is for three years or less, but contains a provision for renewal extending beyond a period of three year, there has in the past been a division of opinion among couits as to whether the lease must be witnessed and acknowledged, but the later trend of authority and the better practice is to execute such a lease with the formalities of a deed. "Leases for three years or less may also be recorded so as to give notice to a purchaser, hut ln the absence of such recording the tenant In possession Is protected by a well-recognized rule of law ln Ohio to the effect that a purchaser takes title subject to the rights of tenants in possession.

In other words, when a tenant Is In possession the purchaser Is re quired to Investigate on what terms the tenant holds possession before purchasing the property. "While under Ohio statutes a lease technically should be on one sheet of paper, the courts have held that this requirement is substantially complied with when the several sheets of paper constituting the lease are physically held together by permanent fasteners. "Under the Housing and Rent Act of 1947 the Federal Housing Expediter may prescribe rules and regulations relative to what constitutes compliance with tho requirements of the new Federal act. Such rules and regulations, of course, should be followed and are, In addition to what has been written above, relative to the requirements of Ohio law." ON T1IK BUILDING FRONT, Dun Brad-street reported building permit values in June reached the highest total for any month with but one exception, and that was in April 1929. This upturn was accomplished after an eight-month lag.

The permits issued In 215 cities in June had a valuation of being topped only ln March, 1946, during the past 18 years. This represented an tncrease of 30.3 per cent over May and 45.5 per cent over June, 1946. CONSTRUCTION CONTRACT VALUATIONS in the 37 states east of the Rocky Mountains totaled $3,492,645,000 ln the first six months, compared with $3,937,730,000 in the first half of 1946, a drop of 11 per cent, F. W. Dodge reported last week.

A decline starting in March offset gains ln the first two months of the year, the report said. Residential volume totaled $1,468,902,000, a 10 per cent drop from the $1,633,473,000 in the first half of 1946. Nonresidential building contracts dropped 23 per cent from $1,517,262,000 in the first six months of 1946 to $1,165,631,000 this year. ANOTHER ENCOURAGING FACTOR In the building line was tho spurt In ceramic tile output in the first five months of 1947 which totaled 32,264,000 square feet, an increase of 44 per cent from the 1948 period, according to the Tile Council of America, D. Parry Forst, Chairman of the Council said production promises to be sufficient for thu nation's home building and remodeling program as well as for commercial and industrial needs.

May output was up 39 per cent over ths same month last year. BRICK PRODUCTION also took a spurt and during June was 14 per cent higher than in the same month Inst year, according to estimates of Roy A. Shipley, President of the Structural Clay Products Institute. Manufacturers produced 412,000,000 bricks during the month, a gain of 3 per cent over May, Shipley said. THK HOUNK VETERANS AFFAIRS COMMITTEE Ok'd legislation to authorize direct Government loans up to $12,000 for the purchase of a farm by a veteran.

The hill would authorize an appropriation of $300,000,000 to carry out the program. While the program is expected to puss the House shortly, it was said that the Senate may not act on the bill before next January, The bill as It stands now provides Government guarantee of 50 per cent of a private loan for such farm purchase, with a maximum guarantee of $4,000. ANOTHER JANUARY DATE may he final passage of legislation to extend through next June the authority to purchase veterans' guaranteed or insured home loans by the Reconstruction Finance Corp. The bill was passed by the Senate snd sent to the House. SenHte passage came after adoption of an amendment by Sen.

Robert A. Taft to place a celling of $100,000,000 on the extent of such purchases and replacing a proposed maximum of $350,000,000. ON THE LOCAL FRONT, Thomas N. Berry, Assistfint District Director of the Federal Housing Administration, announced that the FHA has issued a revised manual for underwriting operations. Jt l.i the first time since 1938 the manual has been revised, hut FHA had altered some procedures and techniques as increases wera experienced.

Berry explained. Details on Mortgage credit are contained In the new manual, also the mortgage risk rating system which FHA has developed to determine the per cent of risk and economic soundness of particular mortgage transactions. Copies of the revised manual are available through the Superintendent of Documents, U. S. Government Printing Office, Washington, D.

C. at $2 a copy. pection of visitors to the project Iwhich is located at Dodsworth Lane Guy L. Fronk sold to Josef L. B.

Assets Of FSLIC Are Highest In History Reserves Show' Rise Of $11,107,430. An increase in dividends paid by nine district Federal Home Loan Banks for the first half of 1947, and a rise in assets of the Federal Savings Loan Insurance Corp. were reported last week. Dividends paid the nine district Federal Home Loan Banks totaled $1,082,992, Harold Lee, Governor of the Federal Home Loan Bank System, announced. This compares with $991,030 for the similar period in 1946.

Two of the 11 district home loan banks of the system Pittsburgh and Winston-Salem are not represented in this distribution since those institutions declare dividends on a yearly basis, Governor Lee said. Of this total $608,721 was paid to the Reconstruction Finance Corp. as owner of the government's stock in the district banks and $474,271 to the 3,700 member savings and loan associations and other home financing institutions of the Home Loan Bank System. On June 30 the RFC owned $122,672,200 of the capital stock of the district banks, a decrease of $979,000 over the past 12 months, while member institutions' holdings totaled representing a riee of $16,040,350. ESTABiJSlIED IN 1932.

Since their establishment in 1932, the Federal Home Loan Banks have paid a total of $29,495,060 in dividends, $21,325,234 to the government and $8,169,826 to member institutions. Home Loan Bank advances outstanding to member institutions totaled $289,088,900 on June 30, as compared to $293,451,767 at the end of 1946 and $203,295,571 on June 30, 1946. The assets of the Federal Savings and Loan Insurance Corp. were $182,400,369 on June 30, a gain of over $11,671,000 during the past fiscal year, William H. Husband, general manager of the corporation, reported.

This is the largest increase in resources for s.ny like period since the insurance corporation was created by Congress in 1934 to protect investments in savings and loan associations and similar institutions, Husband said. Assets of the corporation consist almost entirely of investments in obligations of the United States. RESERVES ALSO UP. Over the year, legal and special reserves of FSLIC rose from $67,350,193 $78,457,624, or by $11,107,430. Total income of the corporation derived principally from insurance premiums and interest on investments reached $11,601,644 for the fiscal year, which was $1,718,443 greater than in the previous 12 Expenses for the year of $543,839, represented approximately 4.7 per cent of income as compared with 5 per cent for the year ended June 30, 1946.

As of June 30 the Federal Savings Loan Insurance Corp. was insuring the safety of the savings (up to $5,000) of more than 5,000,000 in-'vestors in 2,529 savings and loan associations in all parts of the country, Including 1,476 Federal savings and loan associations and 1,053 state-chartered thrift and home financing institutions. These associations held assets of about which is equivalent to nearly three-fourths of the combined resources of all the savings and loan associations in the nation. During the last fiscal year the corporation issued certificates of insurance to 52 applicant associations, the largest number of institutions admitted to insurance in a single year since 1943. nd Uhl Road.

Vetvillage is being built under he Brookeplan developed by Finley p. Brooke, Cincinnati architect, who Iftlso is an instructor in small home RealhSubjeds Covered Intban Group Courses The American Savings and Loan Institute has arranged to conduct a graduate school at Indiana University, Bloomington, Ind, for two weeks starting August 10. Subjects to be covered by nationally known authorities are saving and loan management, real estate law, financial system, economics, advertising and personnel problems. E. T.

Berry, Secretary of the Federal Home Loan Bank and President of the local Savings and Loan Institute Chapter, announced that among the early local enrollee were Irwin Hurley, Columbia Federal Savings and Loan Covington Walter Schneider and Charles Steinkoenig, Cheviot Building and Loan and Berry. The officers of the local chapter are arranging for classes in real estate law, customer relations and office procedure, and accounting, to be conducted in Cincinnati this fall. rchitecture at the University of Cincinnati. At a meeting earlier in the year In Washington, a national commit tee of the American Legion recom- Imended the Brookeplan for com-piunity housing to its legion posts throughout the country. William Willoughby purchased from Mrs.

Margaret Kessler the three-story brick containing a store and apartments and a three-story frame containing apartments, at 1539-41-43-45 Providence St. and 1546-48-52 Central Ave. This transaction was also handled by List. George C. and Clara G.

Nepper sold to James E. and Annabelle M. Foxx, the one-and-one-half-story brick residence at 3113 Riddle View Clifton. The building, including a one-car garage, is on a lot 45x212 feet. Miriam Tate Maxon handled the sale.

Meyer and Fannys Miller purchased from Isaac Seva the St. Louis apartment building at 1740 Carrahan Bond Hill. The Improvement is on a lot 50x150 feet. Mrs. Ruth Monnes negotiated the transfer.

Gerwe the one-and-one-half-story shingle residenoe at the northeast corner of Miami Ave. and Indian Hill Indian Hill. The three-bedroom home, including a two-car detached garage, is on a lot 16? by 330 feet. Edna G. Denniston and Bruce Maucher cooperated in the sale.

Louis Hammelrath purchased from Mrs. Crystal Schraeder the one-and-one-half-story brick residence with built-in garage at 3389 Alta Vista Cheviot. The building is on r. lot 40x138 feet. Sidney H.

Herrick of Schmidt's cooperated with Fred Lohmcier, broker. Zella 1 E. Leary purchased from the estate of Joseph N. Nurre, the lot ot 1564 Perin city. The property measures 20x150 feet.

The transaction was handled by J. Edward List. The 125 homes to be built in the project will range in price from $7,400 for the four-room home to $8,750 for the five-room residence. The homes will be of brick and Kentucky Realty Notes Farrell Court Units In Deals. The Emmert Glaab Realty Co.

reported a numbei of sales of Farrell Court property last week. Title to Nos. i and 3 Farrell Ct. was acquired by Marion and Grace Givens from Leo Marcus. It is a three-story building consisting of six apartments.

The units at Nos. 8 and 10 were purchased by George and Frances Justcs from Ruth M. Witzman. There are four two-room apartments in the buildings. The sale was made by Frank Spivak of Dragul Spivak, in cooperation with Emmert Glaab.

Charles Boeglin bought the units five-room apartments was bought by Raymond and Bernice Fronk from Ruth Witzman. Russin also made this sale. In another deal the company negotiated the sale of the three- at 23, 25 and 27 Farrell Ct. from Leo Marcus. Each apartment has three rooms.

The units at 15, 17 and 19 were purchased by Iva S. McFarland from Marcus. It is a three-family structure with three rooms in each unit. Harry Russin was the salesman. And the units at 12 and 14 consisting of two three-room and two story brick building at 3222 Bishop St, which was sold to Harry and Margaret Huelsman by Ralph Brancamp.

Two Business Parcels Sold. Sales of two businesses were among transactions reported by the Hoffman Realty Co. last week. They included the restaurant at 2703 Robertson Norwood, known as Hall's Cafe, which was sold to Mr. and Mrs.

Carl Dickman by Mr. and Mrs. Raymond Hall. The other deal was the Gillespie Food Market at 2614 Harrison Ave. which was sold by John Gillespie to Mr.

and Mrs. John Walsh. Two Large Homes Are Sold fSmft 3j Residential sales by the Hoffman BkA4V 1 JtstA h. i Si 4 League Plans Outing Mrs. Bessie Gesser has purchased the five-room brick and frame residence located at 323 Walnut Bellevue, from Mr.

and Mrs. William Althaus. Sale was negotiated by Albert Swope, associate of C. E. Johns, Bellevue realtor.

I Earl and Gertrude Burns have Co. included: The five-room home at 2307 Glen-side Norwood, was sold to Thelma Masten by Mr. and Mrs. Louis Menze. The three-story brick building at 637 Neave was sold by Edward and Margaret Reynolds to Mollie and John Quinn.

The three-story brick at 1601 State was sold to Marcus and Holt Roark by Mr. and Mrs. Melvin Witt. The two-family home at 231 Em-ming Clifton, was sold by Miss Dolores Johannes to Fred C. Maier.

Mr. and Mrs. Otto Labitzke took title to a six-room residence with a two-car detached garage, on a lot 50 by 125 feet at 4408 BROWN-WAY from Mr. and Mrs. Harry Hoppe.

Thelma Grainger, in Required the two-apartment residence at 1005 FIFTH DAY-fTON, fitim the Clinton Smith (state. The new owners utilized the The Hamilton County League of Building Associations will hold an outing and dinner at Coney Island Thursday, according to plans an-nouned by Edward J. Breitenbach, Chairman of the event. Mayor Carl W. Rich will be a guest of honor and speaker at the dinner, to be held at the Coney clubhouse.

More than 300 building associations, holding membership in the league, will take part iu the affair. This will be the first outing of the organization since the start of World War II. Previous to that, the Coney summer outing was an annua! event. myk GI loan in the purchase of the property. The sale was consummated by the Mason Real Estate and Insurance Service, Campbell County realtors.

Anthony J. and Myrtle Miller The three-story brick parcel containing 15 rooms, left, at 508 Oak Vernon ville, was acquired by Frank Klosterman from Saul Bloom. The lot measurement is 71 by 323 feet. The rear of the lot Is Improved with a six-car garage containing a second-floor apartment. The transaction was negotiated by O.

J. Dreyer, an associate of Frederick A. Schmidt, in cooperation with John C. Pernice, of Cleneay-Nourse Co. The seller was represented by Charles P.

Taft, attorney, and the buyer by John J. Dreyer, attorney, ln the deal. Ethel C. Kaufman bought the dwelling, right, at 2640 Erie from Mrs. Ella Snapp.

The parcel contains eight living units and is on a lot 65 by 160 feet. Mis. C. M. Metzger, broker, represented the seller and W.

R. Young of the Young Realty Corp. the buyers, Julius R. Samuels, attorney, acted for the seller and Raymond Wethcral, attorney, the buyer. Kroger Leases Large Store have transferred title to their two-apartment wire-cut brick St.

Louis at 1014 VINE NEWPORT, to, Gus and May Castellinl, who purchased the property as a home and an Investment. Al Swope, associate of C. E. Johns, Bellevue realtor, handled the transaction. the office of Fred.

IK High closed the deal. The following three sales wer: negotiated by Elmer Hooper of the George E. Fesslcr Realty Co. Edward Bredwell purchased the four-room asbestos shingle bunga-ow at 1469 STATE from Ed ward and Theresa Hoerst. Kathryn and Josephine Bcding-haus sold the four-family 10-room frame dwelling at 4308 GLKNWAY Price Hill, to Harry Krizsa.

The two-family, 12-room brick residence at 1031 ACADEMY Price Hill, was sold by Leonard J. Sowden to Arthur Juergens. A two-car garage is included ln the parcel which occupies a lot 50 by 130 feet, Glenn Seitz was the broker in the sale of the two-family residence at 621 2 ROSEWOOD CARTHAGE, which was sold to Mr. and Mrs. Arnold Wethington by Mr.

and Mrs. Forrest Spurlock. Sales reported last week by J. Finley Meek, Realtor, included: The four-apartment building at 5902 RIDGE Pleasant Ridge, consisting of four efficiency apartments, each equipped with tile kitchens, baths, knotty pine dinettes and front and rear porches, was purchased by T. E.

Williams. Mrs. Martha J. Gunklach was the seller. The building, which is eight years old, is of brick construction, gas hot-water heat, and is situated 'on a lot 50x236.

Robert Hetzel was the negotiator. J. Griffin Murphy attorney, purchased from A. C. Specht his four-bedroom, solarium and den residence at 1201 CORBETT AVE.

Harold C. Scudder completed the sale. Howard F. Kucnning purchased from Elmer and 'Mary Birkigt, their five-room clapboard residence at 3640 MADISON RD. James A.

Gallagher, broadcast Continued On Page 2, Section 2. Carl L. an A Mollis Mattill pur sion of the one-floor-plan bungalow at 505 FOURTH DAYTON, from Mrs. A. Reynolds.

Frank Cunning, associate of Parrott Tharp, Campbell County realtors, negotiated the sale. xx Elmer and Ada. Sentney have purchased the one-floor-plan frame cottage at 719 ANN NEWPORT, from Garland and Archie Dale Jones. The sale was made by Clarence C. Wolf, Newport broker, Fort Mitchell Realty Co.

reported two sales of residential property closed last week. They were: Mr. and Mrs. Robert W. Berber-Ich purchased the brick St.

Louis apartment buillding at 73 ARCADIA Lakeside Park, from Mrs. Elizabeth Bush and Mrs. Elizabeth Sterritt. Norbert H. Borchers made the sale.

Mr. and Mrs. Thomas A. Walsh have acquired the six-room brick residence on DIXIE HIGHWAY, near Dudley Pike, from Mr. and Mrs.

Henry T. Errett. Samuel S. Carran made this sale. XX Charles and Ruth Kidwell have purchased the five-room frame residence at 613 W.

21ST COVINGTON, from Cassius Ashcraft Samuel Wilson of City Realty Covington, was the broker, Melvin F. and Frances Schlueter sold to F. C. Peariman the two-story frame Cape Cod residence with attached garage at 39 MARY INGLES HIGHWAY, Dayton. The improvement is on a lot 99x120 feet.

Fred J. Lock, associate of Frederick A. Schmidt, negotiated the sale. chased the four-room frame cottage at 932 SIXTH DAYTON, from the Mary Jones estate. The sfxt was sale was made by Albert E.

Ware, Newport broker. iwtf 2J S3 ym ywKW' XX Edward and Laura Cavanaugti ,.187:, 1 Bold their frame semibungalow at 3019 FOURTH DAYTON, to Elizabeth Silber. A large lot was Included in the sale. The ga 71 rage is detached. Ray Chambers of Bolser Chambers, Campbell County realtors, closed the sale.

iinMiimi iwswwt.wtf'- Fred Fisher sold the six-room house at 915 PARK EAST NEWPORT, to Glenn and Catherine Johnson. W. L. Johns A five-year lease, with privilege of an additional five years, was taken by the Kroger Co. on the large store building at Este and King Run, Winton Terrace.

The building, shown above, is 45 by 120 feet, and also has a large parking lot. The property was built by Dillonhomes, and purchased by Bertil, Inc. Negotiations were handled by Harry B. Newburger Realty Building Co. Leo Weinberger was attorney for the builder and Sidney Brant for the buyer.

The stone and brick Colonial residence, shown above, located at 6512 Crest Ridge Pleasant Ridge, was acquired by Irwin Yungkau from A. H. Johnson The sale was made by George Krieger, of the Title Guarantee Trust Co. i'he seven-room brick dwelling, shown above, at 2800 Werk was purchased by Calvin E. Steinle from B.

A. Compton. The home fronts 123 feet on Werk Road and 194 feet on McKinley Avenue. The dwelling features a large sunroom. f- Sons, Newport brokers, cooperated with Leo G.

Broering, Campbell County realtor, in making the sale. Mrs. Lea Clary has taken posses-.