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Real Estate Investments BUSINESS SECTION The Fpening Star Finance Classified Ads. r | Part Two. WA HINGTON, D. SATl'i{DAY. FEBRUARY 26, 1 10 Pages . ) | | WORLD MARKETS WILL BE WON THROUGH EXTENSION OF CREDIT J Edge Amendment to the Federal Reserve Act Will Enable Corporations to Aid Invasion by American Trade. Two decades ago imaginative illus trators treated the American public | to de- and could not operate mand abroad. meet Sl (einit We have just passed through an- ¢+ to pictures of American drummers|other phase of international bu standing in the shadow of the Pyra- | ness. which cannot be called an i mids directing the unloading of | ¥ion db,‘cnuso.lhe tide of hus’lnv. | «“Made e i : owed to us through no effort of our | HE i ame goods from the | oyp The demand was created by | backs of weary camels. Again. the | the halt forced by the world war on | the trade of bellizerent countries. It drummer v opened to us all the unblockaded offered to us, his solar hat with its red, white and blue | phened (0 us all pugree exchanged for a sombrero, T R | although he still was clad in im-| Now the United States is caught in maculate white ducks, leading a4, packwash of her tidal wave of strain of heavily-laden bUrros—with |y oge brocnarity=The mass of debt to “Made in America” on every pack— | 2 us has proved a stumbling block to our future trade. It mac placed the dollar at such a high premium that the foreigner will not buy from us, if he can escape it through any othe in the vivid costume of |Means. Lack of foreign buying has Some Latin' country. beckoning ox-|Peen enervating to American indus drawn wazons loaded with American | ry. Credit which should be liquidated Boods to a camp site Ueside a blue | IS tied up on renewal loans. lazoon Business cannot be transacted on et Mt et Ishort-term credits because the for- s jeign producer cannot begin to pay o o et s | until he is giveh opportunity through the known corners of the earth. | OUT €XPOTts to resume producing. He sold American £00ds to poten- | Cannot pay us in gold so he must pay tates and peasants. At first the joke | US in goods, which he is prevented and later the fear of foreign com-|from manufacturing or otherwise petitors he 1 the market for |producing because we cannot extend American Ruthlessly, he |further credit on the short-term trampled on tradition, but he got re- | basis. Therefore. he cannot buy our across the pampas of the Amazon. And the same drummer. or_a good | carbon copy, would be seen in arctic | dog teams over | snow and iee in Or he would be | north const ! archi devel sults. 3 . |raw material. machinery, coal and|or=a But the exporters not ined in {other essentials to his production.|cing the trade save American business a |The alternative is that he obtain loans | laW. black-eye in the sight of foreign cus- ward tome The fact was that many of our : merchants, a_small minority, in fact, | €0t stringency. - Rad fallen down and all American| Thus stagnation has resulted. The exporters suffered in the indictment.|800ds produced for foreign consump- The counts in this indictment were |tion cannot be shipped until longer that there were thousands of in-|term credit is given our foreign buy- stances of bad packing. with result- |ers. As a consequence the plants, ant refusals to accept and claims for | mines and fields, gauged on the basis damages; orders had not been car-|of domestic and foreign supply have ried out according o specifications: | heen compelled to curtail production TanyC of them arrived ebrosd —Ii!|The further consequence is that this many cases’ poor seconds, were sub- | Shortening of production has thrown stituted for the first-class goods or- | Millions out of employment. ; ,dn( dered from sample: llhe spark of life is communicated s Vclan Yende Last our trade the grip we have gaiie . B z must be relinquished. What had begun in a furore end- e ed in something close to a fiasco. ‘ s England and Germany, which had| Through the Webb act the govern- has granted consent for or- » been crowded aside by the headlong | mant ganizations to combine in export rush of the American drummer, step- | Ded in and capitalized the. situation |y e, which, under the Sherman law ‘Analyzed, the causes of the setback | and Clayton act, 1s ilesal, In, (0 were these: Our lack of ‘understand- ; Edge amendment [0 0F TRCC ) TS ing of the foreign viewpoint, our Serve :f:n_'m;‘(;“s s epaifes: 1o lack of study and research into the | the organization of colber St o long-term cre: situation. bad faith on the part of | enter 5 This last piece of legislation prob- certain of our traders, lack of facili- | ties for financing the transactions— s Mich s banks and branch houses— | ably is thes most important Jor the and the non-existence of a systemat- | present emergency. o!ur “kap - ic and scientific effort by Americans | tions have sprung up 1o - S who wished to benefit by the foreign | vantage of this concession, WRISH trade. Then there was another big | permits companies so organized 1o outstanding factor: Our productive. debentures to ten times the ness in many. branches had been|amount of their capital = There & built solely on domestic consumption one corporation, organized in for long-time periods on his securities S0 that he may be tided over the pres- ics a pres Hardi be th decid mark its who will credi will consi will will p—— : Of course, first impressions are important, and the folks who come to your home, for the first time, are going to begin having 4 opinions (whether they want to or not) the moment they see the house. That is the reason for the thought we gave the design and construction of the entrances to the houses on Ingraham Street at 14th. The comfortable, dull-red brick steps; the honest solidity of the cement-floor porch. and the beautiful. clean lines of the woodwork are intended to tell the story of the houses quickly and fully. You will know, immediately you have seen the entrance, that this is your style of hom=. g (By the way. we could have bought a lock for this front door for 1t was equal—in appearance—to another lock quoted at $14.00. the $14.00. The same plan of buying quality has been followed ar to garret—where you can see and where you cammot sece') they se!l for less than new row houses! 14th and Ingraham Sts. N.W. The corner homes have five (5) bedrooms and three (3) baths, living rooms the full depth of the homes. The other homes have four (4) bedrooms and two (2) baths, spacious living rooms and an extra “clubre his latter being the very newest of practical ideas in home d Large front and rear porches: linen closets; unfinished 3d floor (space for 2 more rooms): all closets equipped with shoe racks: und, of course, hot-water heat and electric lighting. $4.25 We paid | from cell Immediate Action Will Get One for You See Them Sunday Take Fourteenth Street car marked “14th and Colorado Ave. (best service in Washington) to corner of Ingraham og drive out Sixteenth Stret to Colorado Avenue Northwest, then ond square to Ingraham Street. Built and Owned By SHANNON & LUCHS Building recently completed at the corner of 14th and Church Compuny at a cost of approximately $225,000. The company will use the structure for a station, storage apace and officex. The building fronts 45 feet on 14th street and south, to handle the cotton trade through bonds. Hoover, Paul Warburg and John Mc- Hugh, vice president of the Mechan- world worth o adjusted. Here at home credit again will play honesty | Trade Financing Corporation, enough to make up distant deficits upon an arrangement of finance that the domestic producer or the foreign consumer. Pemand, expediency and good busi- ness will compel the establishment of many branches of Americas business houses abroad. e Ny NEW HOME FOR HURLEY MOTOR COMPANY COMPLETED. streets morthwest 160 feet on Church street. The exterior i of Indiana limestone. It A. ruction, with an electric freight elevator. tect and Frank Wagner the bullder. big business buildings of London and Paris have been tenanted by repre- entatives of Agnerican firms or com- pani There® are many who are ! opening up offices with foreign repre- | sentatives to handle their trade. Pro- | gressive fims are educating Ameri- | B can men to put in these offices so|Mrs. Annie | they can better transiate us to our | the Edge The latest opment has been the plan to ize the Foreign Trade Finan- | Corporation, which, under the | will have the power to issue up- of $1,000,000,000 in debenture The Foreign Trade Financing Cor- 1 late A poration, thus, takes pre-eminence foreign customers. So it will come to Lintz among all the movements for foreign | PAss that in every port of the seven | D, trade promotion. As its organizers, | Seas there will I_ Alg\rjrw:an ‘repr. there —are such men as Herbert | sentatives who will live and mq e their homes with the traders of th countries that they may interpret the foreign viewpoint intelligently and accurately to our own business. Fourteenth tion, were so! ings are of nd Métals’ National Bank The dency will be offered to W. P. G. ing, Governor, of the Federal R ve Board. Credit ‘and not sulesmanship is to| JOINS THE SALES FORCE. |upe. a ba. of the new relation. The i M Annie Hugh C. Irey, formerly in charge of advertising, insurance and property listing for the N. L. Sansbury Com- pany, Tuc., will join the sales force of this firm March 1. He will specialize in the sale of residential propertie ; e L hippers | Mr. Trey. who 1s a native of Washin ot P s Pnbels | ton, 1s famillar with conditions in I e tean fair-dealing | cal Teal estate circics and has a wide find difficulty with such huge | #cquaintance in this city. t organizations as the Foreign SEES PRICE DECLINES. which act as the banker between the Indications are that the present|secretary of price de gnor and the consignee, which feed from our own surplus market will continue for some months, according to Willford I. King of the national bureau of economlic research. e But one apartment house is under construction in Manhattan. It is lo- cated at the corner of Broadway and at 5509 13th purc {Th | design, as been educated to the our goods and has shown a ed disposition to patronize our ets, if the credit conditions are with t GOLD COIN Clarence Dod to be cashed impose no hardships on either A. class in end of the best paper, cation.” Since the war the |TWO NEW RESIDENCES ON 13TH STREET SOLD D. J. Dunigan on 13th street, in his Street Highlands opera- ased that at 5513 13th homes are of the old colonial | They contain eight rooms and bath, th large sleeping porche: ast porch, hardwood floors, electric lights and hot-water heat. William Knowles Cooper, ine in the buildlng matertal [A., has received -a check for $25 from | sented to the member of the Y. M. for the Hurley Motor malesroom, service | s of modern fireproof | Swartz and Bertram Buy Homes of J. Dunigan. nces recently erected by 1d this week. The dwell- a special four-bedroom Swartz bought the house street and Bertram LIn!zi street. | bri fronts of light a brea FOR REALTY ESSAY | general the Washington Y. M. C. | dge and John L. We; into gold coin and pr who, at the submit the ! to | regl estate course, shall not exceeding 1,200 153 . Van Herbulis was the | S LITTLEACTVITY SEENIN BUILDING |Filing of Apariment House Plans Chief Item in Rist of Permits. With the exception of the plans for an apartment house at the of 17th and East Capitol southeast, little activity in building was recorded in the office of ing of corner streets the District building inspector this week. Harry A. Kite was given a permit for the apartment’building. 1t w estimated that the project would cost 000, Other permits were issued as fol- low W. C. and A. erect garages in the 507, 2509, 2811 and 2 28th street; cost, $500 each. B. J. Smith, jr., to erect rear of 1316 and 1318 Fris st, $250. M.} A . Malakatc Massachusetis avenue; to e in street; cost, $200. to erect ge in Conduit road; cost, W. Corridon, to build 3015 th Dakota i Wilson & Tth street; cost. $1 5 P, R. F f 1312 Girard street: cost, $375. A. B. Duvall, to repair 2002 R street . $600. to repair rear . $1.500 mo. to repair 114 Ala st; cost, $400. P, M. Lu d frame dwell inx, 1025 Lincoln road; cost, $5,000. G. T . 1o erect garage rear 1808 cost $1,700. Miller, to build Lowell street Andrew A bama avenu w. frame cost, . and dwellin; $5,000. Dennis Culloty, block dweliing, northeast; cost > Beale A cement street build Gault to 4148 $1,500. and W. 1ge, alley between Ist and D and E streets southeast; cost, 00. ‘ G. Leapley, to erect ga d. to erect garage, rear 637 cost, . Pennsylvania avenue southcast; $600. £ Thomas J. Ray, to erect garage 745 Kentuck avenue southeast; cost, $150. G. L. Johnston, to erect garage rear 1215 Otis place; cost $2 A. Chicca, to erect garage rear 1319 T street northeast; cost. $600. H. B Callahan, to build dwelling, 1030 Irving street northeast; co: Shannon & Luchs, to erect garage, 46 Ingraham street; cost, $485. hannon & Luchs, to erect garage, rear 1350 Ingraham street; cost, § F. Le Herman, to erect garage rear 3 1,500 words, on ‘“Real Estate as a Vo- | $1,000 J. E. Chapman, to erect garage rear 95th street. TORONTO AT DUPONT CIRCLE 2, 4, 6, 7 rooms and 2 baths, 2 entrances, 2 elevators, cafe and switchboard. Apply the rent you are now paying to the purchase of one of these beautiful apartments. bas FOR FULL PARTICULARS, SEE The F. H. Smith Company 815 15th St. N.W. I sell on easy terms. 1921 N STREET N.W. Wonderful house fo feet deep by nearly twenty-four feet wide. Just west of Connecticut avenue and the British em- The master rooms are immense. are seven open fireplaces. Price, $16,000.00. Will Open for inspection. Sy. BOSS & . 1406 H St.. N.W. Telephone Main 4340. r entertaining. Eighty There PHELPS T Northeast Corner of Brookeville Road and Kirke Street, One Block East of Connecticut Avenue, Chevy Chase, Md. Exceptional opportunity to purchase this beautiful property, comp of ground. and improved by this Artistic Colonial type home, consisting and three baths. Garage for three cars. Open for Inspection All Day Sunday Price, $38,000 - John W. Thompson & Comp Incorrorated Exclusive Agents 821 15th Street N.W. I rising one acre of eleven rooms any Main 1477 7 = E é = E % % APARTMENT - HOUSES Splendid Opportunity for Speculation or Investment Connecticut ave construction; fireproo modern; 59 apts. $275,000—Rents, New Hampshire ave., proof ; thoroughly moder: $62,500—Rents, 17th street; close- semi-fireproof ; 16 apts. have been thoroughl Mr. R. Main 372-373 |by Boss & Phelps. $550,000—Rents, $70,000 Cash required, $100,000 7 Cash required, $60,000 Circle ; 7-story, steel construction;; fire- Cash required, $15,000 14th St. Close in Apt. and Store Property. Near Thomas Circle ' Cash Required, $15,000—Rents Over $7,000 3-story, 16 apartments ; 2 stores. Low rents; no leases. Large lot. The above apartments are carefully selected investments and For further particulars, phone or see— William K. Hartung IMWWWMMMMWMWMNWWNHWWMWWWWMW 14th street; cost, $10.000 N. Ray, to repair 1516 K street st, $10,000. {APARTMENT HOUSE f SELLS FOR $85,000/ Hedges & Middleton Also Report Sale of Several Residences REALTORS VAT RENTACTRULIG Many Take Chances of Fines in Belief Ball Act Will Be Thrown Out. During Week. Sale of the apartment house 17th street northwest was ar this week through the offic {Hedges & Middleton, represent-) Real estate men are “standing by {ing the unnam i o e e Aeris uf v jMoore & Hill, Inc., reprs H. M. | - SURES L WF . SEIC | Bralove, the owner. erstood | While the final the contro- the consideration was about $85,000. | versy over the « jonality of e building contains twenty-e the Ball - s tments for housekeepin, - 1l rent act apg hes, The them consisting of two rooms and | United States Supreme Court s bath. The structure is of brick and | scheduied o take up Monday the is four stories high. famous Hirsh-Block cas A The sale of several residential prop- | g}, sthority of the Dist ges & Mid- 1S being st scection | erties was reported by He aleton, all of the tians confined to the northw. ssion in landlord tenant the filing by the government the city. 7 p - A semi-detached home in Cleveland | yan) wog qpr W5 boiet oy # G A ¢ Park, at 3107 34th street. was sol pdinnis o o SEVEE ! Mrs. ‘Roberta Saltsman for Jame e B oot e gy Carmalt. This is a ten-room : s DE k. R R three-bathhome, with ho ter heat, | $10Unds on which Assistant Attorney electricity. hardwood floors and otht S Dbed 1S SuASORE. s cal estate men. | group completed about two years ago The purchaser question of t(he constitutioh- this property sold through the sam the Ball act has been dis- office, to & local investor” her former | Cussed from many angles during the {home at 2708 27th street, this being a | ¥ months and virtually every three-story brick home of the colonial | ment in favor of or inst the ltype, thoroughly modern, of nine 1«W has become familiar to those {rooms and two baths. { Who have followed the supporters of | Walter Shertzer purchased a home, €2ch faction. There who in Georgetown, located at 1531 2lst | believe, with members treet. This is a corner property of | nission and t depart ibrick construction, containing ten . that the Supreme Court will ooms and two baths. The purchaser | hand down a decision in a short time is now occupying the pren vor of the Ball act. On the other i A new home at 1809 num strect there are many attorneys and inorthwest was purchased by William | ate men who ure equally as t. Simpson, a merchant of this city.! positive of an adverse decision by rom George W. Barkman. This is 4 | the court. ¥ {detached house of brick construction.| Tha: umber of real estate recently completed by Mr. Barkm s part of a building operation, a {is located on part of the original ! Blagden tract, just west of 16th | KSIrs»(- Millard F. Alley sold to Mrs. Lu Chambliss the three-story, ba: { window brick house at 1839 California et. It is understood that the pur- aser will hold the property for in- i stment purpose | The three-story brick buildin Itwelve rooms and bath at 43 street morthwest was purch | the National Tribune, which has be |in possession of same for some time using it for office purposes. The for- | jmer owner was Joseph T. Sherier of | |th 2 b confi nt that the act will b i void is shown by the intrepid- ith which they have ignored the tence of the District rent com- on and its rulings. Had these nen felt to the slightest extent that the Supreme Court would uphold the lcommission they would never have irisked he#vy fines provided for such IViolations, it pointed out. The itines, if the rent nmission shou of | be upheld, would amount to thousands Hlof dollars and in a number of in- by lstances probably would start. the gents and landlords well on the way to bankruptey. While many property owners and estate men have conducted their S8 though there were no is known that the - Be | | Dunigan the new two-story and attic - u hous 5513 13th street, and for ¢ I H. Small the new propert ainty of the out- len place, was sold to Mar: to the Ball act ondi. This sale was made in connec slow up building in tion_ with the office of Mekeever bosi Joath B Htual ! their into avartment and home —— project vailing rental con- o O ¢ when securities of has just. the Grand hhins Terminal district to the restricted 5 zone, protected against invasion of |4 until it 1d be a profi jing enter garment factories. I whether it Leading real estate brokers in the | XCePt in e of a vicinity: of Morristown, 3 ane | housing operations intcnded for sale. formed the real estate board of Mor- | e ris county and will soon affiliate with| Office rentals in the uptown com- the National Association of ¥ v tate Boards. mercial sections of New Yo zoing up perceptibly S WEBSTER STREET + At 16th Street N.W. “Overlooking Rock Creek Park” I i .. Only two are left out of the fourteen erected. Nine rooms and two baths on two floors; garage; deep and wide lots and all the newer features which go to make an attractive home are included. COME OUT SUNDAY Exhibit House—1620 Webster St. Open for Inspection Every Day Until 8:30 P.M. L. E. BREUNINGER & SONS Owners and Builders 706 Colorado Building—Main 7166 e L ——— T T $250,000—Rents, $27,000 Cash required, $75,000 17th street: close-in; 7-story; steel construction; fireproof; thor- oughly modern; 40 apts. $77,000—Rents, $12,000 Cash required, $25,000 R street, near 14th; 4-story, semi- fireproof bldg; 28 apts. -story; steel thoroughly I T IIIIIIIE $37,000 near Dupont n; 42 apts. $11,500 $27,500—Rents, $3,900 Cash required, $10,000 Near Dupont Circle; 3-story; 6 apts. An exceptional buy. in; 4-story; Price, $65,000 Splendid opportunity. y investigated before being offered for sale. A. ARNS, Mgr., Apt. Sales Department 301 Southern Bldg. it~