The Times from Shreveport, Louisiana • Page 17

TOUR MORXiyg XEWfiPAPEff SEVENTEEN 7- THE SHREVEPORT TIMES, STTRETEPORT. IX-SrXPAY. OCTOBER 22, 1939 HEADS PROGRAM Leading Realty Sales of Week Reported Guard Unit Bank and Buildings $150,000 Assured to House Anti-Aircraft Unit Here; Bank Names Firm to Handle Mechanical Bids i i uijrirJi Lwrt.Etei,.,, Among the residential sales reported thli past week are: 1900 Centenary boulevard, corner of Topeka afreet (left), told by Donald Scott, realtor, for Mrs. Lucille Jordan to S. Kesilman with $0,700 as the consideration; Mr.

Kesilman purchased the property as an Investment; 1320 Woodrow street sold to Oeorfe 8. Carroll for William R. Wiener by F. 1. Zu.ak and realtors, for 4.9.10.

BANK CLEARINGS For Saturday 596,105.05 For the past week 3,817,461.07 BUILDING PERMITS Past week, 32 permits issued totaling 53,610.00 Same period, year ago, 31 permits totaling 52,082.00 Since January 1 4,485,482.00 Same period, year ago 4,192,447.00 Approval by the state board of liquidation of a $125,000 appropriation to build housing facilities for a proposed anti- aircraft regiment here and the naming of a firm to handle bids of mechanical trades for the proposed Commercial National Bank building, which will be located at the southeast corner of Texas and Edwards streets, were of major interest IIDespite War Scare Experts Say DBiiild Interest Low, Materials Rise, They Say to local buildine and real estate circles during the week. T. S. NEAL, well known local reultor ha been named program and entertainmrnt chairman for the annual convention meeting ot the Louisiana Real F.itate association, here Saturday. Dec.

The appointment wait made thi week by Molse II. Levy, presidentelect of the fchreveport Real Mtate Board. Plans are being formulated by Neal to entertain one of the lurgett realtor delegations to attend a slate meeting In years. $13,226 Sales Reported for Week by May Firm Sale for the past week aggregating $13,226 was reported Saturday by Lawrence L. May, realtor.

The list included: residence at 831 Gladstone boulevard, for Cecil Laenger to Mrs. Gertrude McKln-ley for $5,250. N. B. Stoer, realtor, cooperated; house at 2910 Frederick street, for HOLC to Murray S.

Roy for lot In the 3200 block of BUILT HOMES BEING SOLD, BANK STATES Federal Loan Bank Says Loan on Existing Home Is $3,000 Little Rock. Oct. 28 (Special) Homes built In previous years are now in demand by Louisiana home-seekers, and recent loans to pu--chasers of existing dwellings exceed those made for the construction of new homes, according to a survey Just completed by the Federal Home Loan Bank of Little Rock. Loans totaling $8,000,000 have been made by the 68 insured savings and homestead associations In the state, to 2.097 borrowers since Jan. 1, 1939, to assist them In financing the purchase of homes not of new construction.

The loans averaged about $3,000 each, and are payable In small monthly Installments similar to rent. In the same period the associations loaned $5,746,000 to 1,726 other borrowers to help them build new houses, the funds being advanced to the home builders as the construction work progressed. Included In the survey made by the bank are the figures of the First Federal Savings and Loan association and the Home Federal Savings and Loan association In Shreveport, by which the local area is served. "There has been so much publicity recently about the building of new homes." one of the bank officials said, "it is Interesting to note from the figures we have compiled that the prospective home owner In Louisiana has not lost sight of the good values which prevail today in many dwellings which were built years ago. Home buyers are finding that houses can be bought on the present market at less than their reproduction cost, and when desired can be modernized with a reasonable outlay of funds.

The savings and homestead associations In Louisiana have been quite active In helping to finance transactions of this character, which tend to increase property values generally. The associations have ample additional funds available for more of this type of loans and for all kinds of home financing." According to the report, the assets of the Louisiana associations continued to Increase In September, they having received $9,854,000 in new funds from investors since the first of the year, which are Insured up to $5,000 for each account by the Federal Savings and Loan Insurance corporation, an Instrumentality of the federal government. i.ri'KiN principal Lufkln, Texas, Oct. 21 (LP). R.

Drissom, 49, Lufkin high school principal for the last 18 years, died at his home today from a para'ytic stroke suffered two weeks ago. Grls-eom was survived by his widow, three sons, a daughter, and his father, J. C. Grlssom. choral groups, massed on the big State Fair Revue stage for a special opening night concert.

Later Ned Clark Wright, brilliant young Shreveport tenor, scored a popular success with his home town fans in two song renditions. Fireworks, produced by the Thearle-Duffleld brought the night performance to a thrilling close. JONES CLAIMS STATE FUNDS WERE MISUSED Asserts 50,000,000 Was Diverted to Other Uses Su in Franklinton, Oct. 21 of "at least $50,000,000" of state revenues to private Individuals was charged to the present administration today by am Jones, Lake Charles candidate for governor. Jones said in a speech here before going to Bogalusa for another engagement that such a sum had been taken through "hot oil deals, double dips, deadheads, kickbacks and plain stealing." "They talk about the lying newspapers," the candidate declared.

"Well, what have they got to say about the court records? They think the public treasury is their private hunting ground." Speaking of Gov. Earl K. Long, Jones said, "The present governor says he didn't know what was going on while all this money was being stolen. If he doesn't know what was going on in a state where he was second in command he's not fit to be governor of that state. "There Is a rebellion, a revolution In the hearts of the people.

They have said we want to be, we beam to be, we will be free." The oldest dog" in the world is said to be a cattle dog owned by a resident of Victoria, Australia, 'it is 26 years old. TROLLEY LOGIC MANY HOLC LOANS ARE PAID IN FULL, MANAGER DECLARES Loans or 1.059 Louisiana borrowera of the Home Owners Loan corporation, amount, to $3,015,129, bava been paid in full, while 10.294 other borrowers are in satisfactory standing and clearly on their way to debt free borne ownership, Paul B. Habana, state manager of the corporation, declared Saturday. Some 839 additional borrower! are making adjusted payments which, give hope that they, too, will be able to retain their homes, according to Mr. Habana.

In all. Louisiana borrowera have repaid $10,079,005 or 25 per cent of their entire principal indebtedness. Collections in August were 98.7 per cent of the i.ionthly billings, with, collections for the first eight months of this year exceeding any comparable period in the corporations The HOLC now owns 1.171 properties in Louisiana, acquired through foreclosure or voluntary deed. It haa sold 962 others. 409 of which wera sold during the last eight months, 53 in August alon-.

Of tha homes still in the possession of tha HOLC and available to yield income, 95 per cent are rented. Rental collections in August were 99.1 per cent of bllliags. Alexandria, one of tha graatest cities of antiquity, had a population, of only 5.000 in the year 1800 but has risen again to more than half a million. Fairfield avenue for Mra. Katherlna Barnett to T.

E. Aubin for $2,225: 3617 Darien street for J. A. Williams to Mrs. Roberta H.

Elkins for lot 60, block 9, Broadmoor Subdivision to Loret Ross for $850; lot 8, block 11. Broadmoor Unit Na. 3 for Mrs. Sadie J. Wright, to E.

Hutchens for $825; Ten acre pl.it for Mrs. E. P. Hatcher to O. Jenkins on the old Pines road lor $760.

ANY FEES vY WHY NO, CRANtSOfVf V- -J' J3I SAFE A Trolley YT Near Start liquidation came late Friday governor. The Caddo parish Dickson to Ollvea Lacay, lot 79 and east half of lot 80, Coty annex, for $1,500. Haynesville Mercantile Company, to J. H. Hodgina, plot located In east half of southwest quarter of section 7-17N-13W, located at the intersection of Highland avenue and Dudley drive, for $1,000.

Mrs. Ross Mae Peterson Griffin to Francis Coryell, east 33 feet of lot 11, lot 12 block 8. and west 2.75 feet of lot 1, block 9, and that part of Dillingham avenu- between lot li, block 8 and lot 1, block 9 of Glen- wood rark, with Improvements, for $12,500. Home Federal Savings and Loan association to S. R.

Gamble, north 50 feet of south 150 feet of lots 1, 2 and 3, block Sunny Slooe subdivision, with Improvements, for $3,000. O.L.C. to Olevla Jackson, lot 14 block 6, Mayfair subdivision, with Improvements, for $1,500. A credit transaction. The following building permits were Issued during the week at the office of B.

F. Ray, city building inspector: Rex Morrlssett to Mrs. Mary Lou Sibley, north half of lot 10, lot 11 excepting the north two feet, Howard Cole annex, with improvements, for $4,000. A credit transaction. Home Federal Savings and Loan association to Bonneau Peters, west 10 feet of lot 3, lot 4 and east 30 feet of lot 3, block 4, Slattery Park, with Improvements, for $12,000.

A credit transaction. Charier Gold Crest Milk Company. chartered to buy and sell milk and milk products. Address, 856 Jane street. J.

I. Roberta and C. J. Bolin, agents. Stock issue authored to number of 200 no par value hares.

G. V. Pruitt, 903 Sheridan street, build a frame dwelling costing $3,500. Josh Buckley, contractor. J.

H. Hodgins, 460 Dudley drive, build a frame dwelling costing $4,000. F. Y. Ashford, contractor.

L. Q. Smith, 637-39 Euclid street. build a frame duplex costing $3,000. C.

Smith, vontractor. Love Brothers, 218 East Herndon street, build a frame dwelling costing $3,500. Love brothers, contractors. Mrs. L.

H. McCrea, 2751 Frederick street, build a frame dwelling cost ing $3,600. W. S. Rhea, contractor.

J. R. Harper, 3957 Richmond street, build a frame dwelling costing $3,300, Ellis and Eilis, contractors. H. E.

Long, 2544 Lillian street, build a frame garage apartment costing $1,250. Day labor. W. P. Leonard, 1631 Jennings street, build a frame dwelling costing $1,000.

W. P. Leonard, contractor. W. E.

Thomas, 3154 Judson street, build a frame dwelling costing $3,500. C. Thomas, contractor. Dickinson and Yancey, 138 Pros pect, build a frame dwelling costing $4,500. Dickinson and Yancey, contractors.

J. W. Ryan, 120 Archer drive, build frame dwelling costing $3,650. H. Wllloughby.

contractor. J. Colvln, 3443 Johnette street, build a frame dwelling casting $4,000. Day labor. Frank J.

Zuzak, 6401 Willard street, build a frame dwelling costing $3,000. L. Willis, contractor. F. J.

Zuzak, 6501 Fairfield avenue, build a frame dwelling costing $3,000. L. Willis, contractor. M. U.

Boatright, 230 East Lister street, build a frame dwelling costing $3,500. M. U. Boatright, contractor. T.

E. Jones, 1506 Oakdale street, build a frame dwelling costing $2,900. Day labor. The following miscellaneous mat ters were recorded during the week: Leases Mrs, R. Keeth to Robert Lay, den place and Board lake place, both near Gilliam, for five years from Jan.

1, 1941. for $1,800 per year. Mrs. R. eKeth to Robert Lay, Woods place, composed of 70.5 acres, one-half mile south of the Cedar Bluff ferry, for six years from Nov.

1939, for $950 per year. Dissolution General Insulating and Refractories Company, certified by E. A. Conway, secretary of state. Lease Saul Rubensteln, to Faour Dress Manufacturing company, building at 2031-33 Texas avenue for five years from Aug.

1, 1939. for $70 per month. Liquidation The Auto Body Supply Company, 309 Market street. W. I.

Hughes, liquidator. Lease W. F. Stoddard et ux to Audrey Yates Harley, building at 446 Olive street for $35 per month for a six-year period beginning July 15, 1938. iMortgnge B.

P. Crittenden and M. J. Grogan future holder, mortgage on their half Interest in t.e W. D.

Chew lease section 29-21-15 for $15,000. The following sales were reported during the week by private realtors: An outstanding residential transaction Involving the sale of properties described as municipal numbers Cecile Place for a consideration of $16,000. was announced late Thursday by N. B. Stoer, realtor.

The properties were purchased by Dr. C. M. Baker as an Investment from John C. Walker.

The sale was made in cooperation with Mrs. Bert Swearlngen. realtor, and her associate, Mrs. Ruby Scott. Donald Scott, realtor, announced the sale of the two-story duplex lo- Fllfl HOWIE FlfJflfJCIfJG WITHOUT OR EXPENSES TO IIOf.lE BUILDERS AND HOME OWNERS IN SHREVEPORT The action of the board of and came at the request of the police jury has also agreed tor furnish $25,000 in addition and Lieut.

Col. J. Fair Hardin has said that the government is ready to supply the regi ment with $2,000,000 worth of equipment The government, It Is understood has tentatively agreed to locate the regiment here If housing facilities are provided. Fort Humbug, located en a bluff overlooking the low plain on which Barksdale field Is located has been mentioned as a possible ite for the national guard regiment, The Commercial National Bank warded James Stewart and company of New York the right to handle bids of mechanical trades and other details concerning the building, J. O'Brien, vice president of the bank, announced.

While It was not deft nttely announced when construction cn the building will begin, it was thought that the actual contracts will be let shortly. The building will cost approximately 1,000,000. will be 17 tories high. Joe Sanders, office manager of ths eouthern Bell Telephone and Tele graph company here, Thursday told Klwanis club group that the aum ber of telephone users In this city would indicate a population of 120, 000. Since 1936 the number of tele phones in use has increased from 19,000 to 24,000.

The following property transfers ivere recorded during the week at the office of V. G. Simmons, district court clerk: Ivie Watson to Ed Dickinson and W. C. Yancey, lot 68, University place lor $1,000.

Lucille B. Jordan et al to Soloman Kesilman et ux, lot 31, block 4, Opo ubdlvision, with Improvements, for $6,700. A credit transaction. 7. P.

Leonard. to Willie Rob-erson, north five feet of lot I and lot 3, Llndale subdivision, with improvements, for $2,365. A credit transaction. Home Federal Savings and Loan association to Dr. P.

W. winder, a tract In the fractional quarter of the southeast quarter of section 21-18N-1SW, Caddo parish, and improvements, for $7,100. A credit transaction. w. r.

ijfonara to a. nugnrs, south 35 feet of lot 1, Llndale subdivision, with Improvement, for 1,500. A credit transaction. First Federal 8avlngs and Loan association to Mrs. Lorrain Ludolph O'Brien, lot 9.

north 20 fret of lot 8 and south 15 feet of lot 10, Emerson Heights subdivision, with Improvements, for $3,200. J. G. Sellwood to R. M.

Sellwood, an undivided l-48th interest in lots 1. 2, 3 and 4, section 6-23N-16W, with exceptions, for $2,500. H.O.L.C. to Floyd W. Ryan, north 40 feet of south 80 feet, Calloway and Jack partition, with improvements, for $2,750.

A credit transaction. First Federal Savings and Loan association to Clifford E. Roy, plot 149, Broadmoor unit No. 1, with Improvements, for $4,500. A credit transaction.

First Federal Savings and Loan association to Harry C. Corey, lot 81, Bon Air addition, with improvements, for 2,300. A credit transaction. First Federal Savings and Loan association to Orrie' Lee Jordan, lot resubdlvision of lots 40 and 41, block 6, Broadmoor unit No. 3, with Improvements, for $5,000.

A credit transaction. First National bank to Caddo Realty corporation, lots 8, 9, and 25, TAL 26, city of Shreveport, with Improvements; lots 5 and 6, block 1. TAL 1, city of Shreveport; north 70 feet of lot 7, block 3, Fair Grounds subdivision, city of Shreveport, with improvements; three-quarters interest In lot 14 and 28 feet of lot 13, blocs 47, city of Shreveport, with improvements; lot 10, block 60, city of tihreveport, with improvements; lots 146 and 147 in East Shreveport subdivision, Bossier Mty; west half of southwest quarter of section 22-20N-12W, Bossier parish, and tracts of land in Bienville, Natchitoches and Rapides parishes, for $75,792.28, with $9,000 In cash and the remainder to be paid In three years at three per cent Interest. J. W.

Brown to I). Q. I.tirky, lot 85, Union Square subdivision, with Improvements, for $1,250 and the assumption of a $1,098.65 mortgage. George B. Dickson and Donald AGE Is no virtue in Itself, but It's an asset to the man who has acquired wisdom wltn each passing year; or to the abstract company that has learned something about ALL titles from each completed Job In Its files.

Such accretion we modestly claim for ourselves. Abstract OI1(1imi-I nne ft i minding L. A. a W. L.

L. 15. to in By H. W. Dl'GAX There has been considerable discussion regarding the effect of the Euiopean war on buildlig in th'a Lciintry.

Some of the opinions held difler wttfely, bus mast appear to agree that now 's ths time for persons wKh steady Jobs who desire homes to Home build' ng li thu United States a "going wltn vlgir" ays Stewart federal ht.v.-iug administration hiL "I want to make the point very clear; At no time in the past has home ownership in the United States been on such a safe, sane and secure basis," Mr. McDonald say3. "In Europe, homes are being destroyed on evry a'dc. Tiie only klcd of building over thcrs the building of bomb shelters. But here America we are still build.

homes. And we are going to build more and more of them. The sifsst she'ter against economic bombardments which may lie ahead in a home of one's own." Roy Wenzlicc, presidmt of Ren! Estate Analyst, a firm which has clients in mm than 123 cities la tna United States and Canada, Including insula n.e companies ginks, realtors an.l building and loan associations, believes that now Is the time build. "If you have decided that sooner or later you will own a home nf your own, It Is my opinion that It will cost you money to Mr. Wenzlick says.

"I thought this before the war started In Europa but now I am doubly sure of it," His reasons are a follows: 1. Building materials will advance In price. 2. The cost of building labor will Increase and Its efficiency will decrease. 3.

Building sites can be purchased now at lower prices than will prevail in the future. 4. The cost of financing a home II. SENTELL IN GREETING TO FARM BOYS F. F.

of A. Organization Told Future of Fair Is Up to Them John M. 8entell, pariah plantation owner and farmer, Issued the State Fair's official welcome to more than 3,000 Future Farmers of America at a meeting in the stadium Saturday morning. "Agriculture, my young friends, has built and developed this great Fair and upon agriculture falls the burden of maintaining It, up to the standards we have set for it. The old farmers of this state have brought it to its present state.

It now devolves upon you to carry it on. We believe that you will assume this re sponsibility with courage and enthusiasm and that the Louisiana State Fair will grow bigger and better under your guidance as time goes on and we will relinquish to you our duties with faith and gladness." Saturday was Future Farmers of America day at the Fair. Three Chinese Killed in Fight at Shanghai Shanghai, Oct. 22 (Sunday) OF). Three Chinese, one of them a policeman, were killed and an undetermined number of men were wounded today in a miniature battle along the border of the International Settlement.

The fighting stopped only when steel-helmeted Japanese police arrived and threw a cordon around the area. Engaged in the 30-minut fight were settlement police In an armored car and Chinese motorcyclists who had loosed a hail of rifle and machine gun fire and had thrown hand grenades. TIIOl (JUT KOK THE DAY Athens, Oct. 21 JC. A thought: Dr.

B. P. Beckwith. University of Georgia economist, observes that companies paying highest salaries to executives earn average higher profits than companies paying average or low salaries. cated at 1900 Centenary, corner To-peHa, for Mrs.

Lucille Jordan to S. Kesilman with $6,700 as the consideration. Mr. Kesilman purchased the property as an investment. C.

"Con" Sweeney, realty broker, sold lot 62, block 7, unit 3 Broadmoor, for W. F. Johnson, to J. T. Robertson for C900.

N. B. 8toer. realtor, reported the sale of 2760 Barrett street for HOLC to Fred W. Ryan with $2,750 as the consideration.

Mrs. Lottie Todd, realtor, reported te Saturday the sale of 252 Leo street to Fred Babb for P. L. Kennedy with $5,000 ss the consideration; lots 29 and 30 of block 13 in Fairfield subdivision for Joe Mandlna to J. M.

Jacob for $1,250. and interest rates, after dropping since 1939, will now probably advance again. 5. The cost of not building, that is, of continuing to rent, will Increase. E.

L. Ostendorf of Cleveland, Ohio, president, of the National of Real Estate Boards, says: "Interest rates are now the lowest in hlstor? of home financing in this country, but money rates In general are beginning to become firm and will undoubtedly advance. A one per cent saving In interest means under the usual conditions of home buying as much as 15 per cent saving on the ultimate cost." "Construction costs for new homes are at present favorable and builders are giving more convenience and quality per dollar at present than at any previous time. There are signs throughout the country that the costs of both materials and labor will advance." Frederick M. Babcock, assistant administrator of the FHA, says: "Americans are undertaking home-buying obligations in virtually the same degree at this time as before the war started, and there is no evidence to Indicate that fear is a depressing factor in the real estate market." Despite a definite curtailment In real estate sales at the outbreak of the war, Mr.

Babcock says, the market promptly revived. There Is little likelihood at present that lending institutions will drastically curb their home-mortgage lending activities in the event of a sharp rise in the demand for commercial loans due to war activities, Mr. Babcock says. Some building materials, especially hardware, are already said to have risen In price. This is thought to be more in anticipation of a rise In the price of metal than present actual demands.

REVUE SCORES HIT IN DOUBLE NIGHT SHOWING Overflow Crowds in Fair Grandstand Force Second Performanre Two cheering crowds of first night-ers saw Louisiana State Fair entertainment standards pegged several notches higher Saturday night as "State Fair Revue" delivered two solid hours of top flight variety features. Fully living up to advance claims, the big open air musical spectacle was given a gala premiere before a grandstand audience packed to the rafters, and then repeated for the overflow unable to wedge in for the first performance. The first hint of this comes with the first of the five principal "episodes," a rollicking routine that serves to introduce the Garo-Neilson dance ensemble and the "Twelve Aristocrats." Lester Cole, who shares master of ceremonies duties with Louisiana's own Jack Klein throughout the production, leads his five "Americana" girl songsters in an other outstanding hit of the open ing episode. Ben Berl, a whimsical comedian whose sly manipulating and Juggling are an Instant hit, Is the first of a galaxy of Individual acts. For sheer beauty, the "Enchanted Forest," second episode of the pro duction, probably surpasses any past State Fair feature.

A highlight of the episode is the novel dance introduced by Myrtil and Picaud, exotic French team whose striking silver- nude costumes lend to their brilliant performance. Comedy enters the presentation with the third episode, a gay Spanish number built around "Ferdinand the Bull." The fourth episode Is entitled "Circus Revel," strong with the atmosphere of the "big top," it is colored by the riding of the famous Repenski family of French riding aces. A minstrel ensemble brings the revue to a brilliant climax in the fifth episode aptly titled "Hip, Hip, Hooray!" The entire cast takes part In this thrilling finale. Interspersed between each of the principal episodes are many of the world finest vaudeville, circus and hippodrome attractions. One ot these ia the "Flying Otaris," a Russian troupe of aerialists whose sensational "criss-cross" style ot trapeze work Is an Innovation.

Another stand-out bit was contributed by the Braniff family with their novel teeter-board acrobatics, and the superb comedy of Smith, Rodgers and Eddy, billed as the "International Nit Wits," was a popular favorite with first night crowds. Larimer and Hudson, wags on wheels, offered a sparkling bicycle riding novelty. Preceding the first performance of the revue 550 musicians, members of the Byrd and Fair Park bands and Our mortgage loon department is ready to finance your new home through the Federal Housing Administration's twenty-five year, V2 interest, 90 loan plan. In announcing what no lender under the FHA has ever offered before, Broadmoor, a Shreveport home development and real estate organization, expresses its confidence in the sound value of Shreveport real estate, especially new homes being built, and believes that FHA insured mortgages bearing 4 V2 are equal to many other classes of investment. A million dollars have been made available to us for these free service loans on new homes.

In answer to the oft repeated question "Why should home owners have to pay so many expenses to secure FHA liberal home financing services?" we say "FHA loans on new homes in Shreveport are good enough for us to make free of charge to home owner or builder." Let us handle your FHA application. kWe will pay FHA application fee Examination of abstract Passing and recording of mortgage papers. Now, the home owner in Shreveport does not have to pay all the freight. Second 1243 TEXAS AVENUE Floor Across From Charity Hospital.