Evening Star Newspaper, March 19, 1921, Page 13

Real Estate Investments Part Two. BUYING NECESSAR TOBRING STABILITY Secretary Mellon Calls Pro- ducing and Selling, Even to Germany, Vital Need. Only by return of the public to the buying market will conditions be stabilized, according to those who have been watching conditions in the ‘business field for months. The prin- cipal matter to be considered now is to move products! and by moving them the manufacturer will be able to collect his money, and in turn will be able to put all of his employes again to work and start the wheels of industry moving. Secretary Mellon of the Treasury Department has pointed out that the prime consideration in the country today is to get products on the market and sell them. Nothing short of this will help the return of the prosperity to this country. So important did the new Secretary of Treasury con- sider this that he thinks that prod- ucts should be sent to Germany. The War Finance Corporation has author- ized a loan to cotton merchants for a supply of cotton, part of which Eoes to the country with which the United States is_technically at war. When these products are moved out! of the warehouses and money pro- vided for their movement and sale In the channels of commerce througsh the governmental aid of the finance corporation, then prosperity again will begin to show up in the country. Continuous Cirele. Prosperity, it was pointed out, is just a continuous circle of one buying from the other, and the extent to which this buying takes place marks the depth and heicht of prosperity. Food, shelter, clothing, comforts, ete., ‘must be bought from the manufactur- ers, retailers, and the like, so they, in turn, can buy time, skill, experience and materials. Waiting for prices to come down hurts every one down the line. All are affected to the extent that buying is stopped. The carrying of the so-called buyers’ strike to an extreme is the germ which has brought the country to the run-down commercial condi- tion in which it now finds itself, ac- cording to those in close touch with the situation. All Maust Pull Together. “Based on his present costs, which include the money you are earning, the manufacturer, jobber and retailer has reduced his prices as far as he tbinks he can—and still continue to employ you and remain in business himself,” says the Youngstown Daily :.;lmiiawr. commenting on the situa- o “If we push him farther down, it catches us in the long run.” it further says. “By buying wisely and pru- dently now, we can start the wheels of prosperity—and stabilize the condi- tions under which we all must live. “Each of us can assure his own per- sonal weifare and income, only by as- first, ‘weifare and and boxes full of wonders to It is just such things as this “a place to live” and “home.” being to provide storage space f at the bottom of the trunk. There are five bedrooms and and the living rooms are full dept recent years in home building. in short, every possible refineme: houses in a row! - SHANNON 713 14th You Remember the Attic? The children’s rainy day resort—a comfortable, out-of- the-way place, with odd/nooks and corners, and old trunks A great place to keep away from the grown folks’ constant “Be quiet!”"—and absolutely the only place on earth for a boy to read “The Last of the Mohicans.” pictured above) have four bedroom and two baths; large, com- fortable living rooms; and an extra room (the “clubroom”) on the first floor, this “clubroom” being the greatest step forward in . There are large front and rear porches; linen closets; unfin- ished third floor (space for two more rooms); all closets with racks to keep shoes off the floor; hot-water heat and electricity; All detached, on large lots—yet they sell for less than new DO NOT POSTPONE BEYOND TODAY Take Fourieenth Street car marked "14th and Colorado Ave.” (best service in Washington) to corner of Ingraham, or drive out Sixteenth Street to Colorado Avenue North- west, then one square to Ingraham Street. AGGREGATE OF $425,000 IN WEEK’S REALTY DEALS Local Firm’s Transactions Embrace the Transfer of Four Apart- ment Houses in Northwest. Realty transactions in which four apartment buildings in the northwest section changed owners, with an ag- gregate consideration of about $425. 000 involved, were consummated this week through the office of Hedges & Middleton, Inc. The largest deal resulted in the transfer of the two practically new apartment houses, 2100 and 2106 N street northwest, by Charles D. Wel- denhamer to Anna L. Hurley in ex- change for the Ingleside apartment house, Lamoht street, just east of Mount Pleasant street northwest. The Ingleside was given in part payment. The socond transaction was the ac- quisition by Mr. Weidenhamer of a new apartment building in course of completjon by Harry Wardman, at the corner of 27th street and Cathedral avenue northwest. The consideration is said to have been in the neighbor- hood of $125,000. The two N street apartment houses are four-story structures, containing a detnl of forty-four housekeeping apartments of from two rooms and bath to four rooms and bath. each. The buildings are entirely modern and contain a number of innovations unusual to this type of abode. The Ingleside contains twenty-one apartments of from one to five rooms each and is equipped with every mod- ern convenience. . _Hurley was represented by Moore & Hill, Inc. The new Wardman building com- prises sixteen apartments of three and four rooms each. The construc- tion is fireproof and modern. Mr. Weidenhamer will hold the building for investment purposes, it is under- stood. OPENS REALTY OFFICE. F. M. Johnson Active in Real Es- tate for Many Years. F. M. Johnson, who has been ac- tively engaged in the building trade in Washington for several years, has opened real estate brokerage offices at 1110 Connecticut avenue, where he will conduct a sales, rents, loans and insurance business in connection with construction work. S. H. Lowther, who has‘been con- nected with Mr. Johnson for the past two years as his building superin- tendent, will have charge of the of- fice. Mr. Lowther is an experienced builder and real estate salesman. After looking the situation over in many of the larger cities of the Unit- ed States and Canada, he decided to locate. permanently in Washington He is very enthusiastic over the busi- ness outlook here and expects to or- ganize a strong sales force. The F. M. Johnson Realty Com- pany, as the new firm will be known, have well equipped offices at their new location. BUSINESS PROPERTY SOLD. Sale of the business property at 1206 G street northwest to Mrs. Sophie R. Harris was announced today by Shannon & Luchs. The building for- merly was owned by Joseph Sperling. It is understood that Mrs. Harris will remove her F street shop to location. the youngster’s curious mind. that make the difference between Each of the homes on Ingraham St. at 14th has a great, big attic. Why, there is space for two more rooms—part of the idea or all things out of use, so that the closets are not jammed and the thing you want is not inevitably 6 on the North Side—6 on the South Side Ingraham Street at 14th Northwest three baths in the corner homes, h. The other homes (one of them nt. & LUCHS St. N.W. BUSINESS SECTION -~ @he Foening Slar. WASHINGTON, D. C., SATURDAY, MARCH 19, 1921 - | Classified Finance ! Ads. { 12 Pages PERMITS TO BUILD TOTAL 100,000 Big Jump Shown in Homes Planned for District Dur- ing Past Week. More than $100,000 in home con- struction permits were issued this week to local builders by the District building inspector. The number of| permits granted during thé week ex- ceeded previous records for several weeks preceding. H. R. Howenstein was granted per- mission to begin the erection of seven homes, 3600 to 3612 Park place north- west, facing Soldiers’ Home Park. The cost of the operation was given as $30,000. Middaugh & Shannon, Incorporated, will bulld four houses at 1002 to 1008 Shepherd street northwest at a cost of $24,000. Samuel Shapiro filed $30,000 residence at 4834 northwest. . Other Home Projects. Several other home projects were recorded. The list of permits follows: C. H. Willingham. to repair 121 10th street southeast: cost, §100. G. F. C. Smiliie, to repair 717 12th 300. lans for a 6th street street; cost, $300. . Tony Albate, to repair 2307 Pennsyl- vania avenue southeast; cost, $200. Mollle Swartz, to build store 2406 Connecticut avenue; cost, $6,500. W. H. Lofgren, to repair 3416 Oliver street; cost, $200. Sam Stoller, to repair 1032 D street northeast; cost, 5 W. C. Murphy, to build dwelling 1227 Massachusetts avenue southeast; cos! $8.0 ,000. B. M. Conradis, to erect garage rear 221 Rhode Island avenue; cost, $1,200. ‘H. W. Noel, to erect garage rear 516 5th street southeast; cost, $200. J. W. Payne, to erect garage rear 727 Morton street; cost, 200. A. C. Nothstine, to erect garage rear 1216 Gallatin street; cost, $400. J. W. Lovegrove, to erect garage 1345 Meridian place: cost, $280. C. J. Hanback, to bufld frame dwellings, 516-518 55th street north- east; cost, $1,000. P. M. Anderson, to erect garage rear 2112 K street; cost, $400. M. Moskowits, to repair 2112 14th street; cost, $3,000. William Murphy, to build 719-721 F street northeast; cost, $5,000. J. A. Specht, to repair rear 41 Q street northeast; cost, $250. Aaron H. Frear, to erect garage rear 223 8th street southeast; cost, $175. R. B. Speaker, to erect garage 3011 20th street northeast; cost, $600. J. to erect garage rear 510 G street southeast; cost, $345. G. E. Rothrock, to repair 1745 Penn- sylvania avenue; cost, $200. J. H. Boswell, to repair 1316 V street to repair 1116 V street northwest; cost, $1,000. St. Catherine’s House, 101 North Carolina enue southeast, to be re- paired; cost $400. uli loff, to erect {lrsasga rear the great financial ERECTS $130,000 APARTMENT HOUSE. J. J. Moebs has just completed a five-story west side of 16th street, between M and N West was the architect. e M. V. Morton et al, to repair 914 C. G. Caughey, to repair 3045 N street morthwest; cost, $100. J. . Chapman, to repair 192 G street; cost, $300. Samuel Shapiro, to erect ga rear 4834 16th street; cost, $300. R. P. Chandler, to repair 1326 U street; cost, $500. P. E. Hefner, to erect garage rear 1521 East Capitol street; cost, $200. J. R. Hawkins, to repair 1320 U street; cost, $1,000. Mrs. N. Sullivan, to erect garage rear 427 Washington street; cost, $250. M. Thomson, to repair 1022 South Carolina avenue southeast; cost, $220. Sullivan, to repair 705 Florida avenue northeast; cost, §175. James Berry, to erect garage rear 14 3d street southeast; cost, $230. 'W. Weinberg, to erect garage rear 225 Pennsylvania avenue southeast; cost, $390. L. A. Everett, to erect garagh rear 223 Feneylvania avenue southeaat; cost, J45. Louisiana avenue; cost, $200. road northeast; cost, $175. 20th street; cost, $265. R. J. Jackson, 3021 P street northwest; cost $152. 4908 Arkansas avenue; cost, $250. street northeast; cost, $250. R. E. McKinley street; cost, $8,500. cost, $450. J. 1642 Hobart street; cost $500. place southeast; cost, $190. 412 K _street; cost, $325. 0. D. O'Connor, to repair southeast|$150. corner Nichols avenue and Pleasant street southeast; cost, $300 3. Kreps, to repair 2030 P street; 3734 INEOMAT Girect: cost. 1040 cost, $150. 14th street northeast; cost, $100. J. M. King, to repair 608 5th street; cost, $80. H. E. Huntsberry, to erect garage cost, $50( Da%“ place near Conduit roa - A Solution of the Local Housing Problem —pg Aside from the many advantages accruing to owner and occupant of an apartment in one of our Co-operative 3Apaftment Buildings, we point out saving: un‘u;t-:t :uxldl-‘ on the wtree! r. n and buflder. The cost of the structure was approximately s‘l’;l.;oo 'é‘l:m William White, to n;paz.lr 4812 Sherift M. Parks, to erect garage rear 1018 to erect garage rear E. A. Fenstad, to erect garage rear James R. Miles, to repair 405 14th fton, to build house 3202 F. W. McClees, to erect garage rear 1420 Pennsylvania avenue southeast; C. Clark, to erect garage rear A. B. Campbell, to repair 766 Navy W. Martz, to erect garage rear A. E. Snyder, to erect garage rear 1006 Jackson street northeast; oost, C. C. Rogers, to erect garage rear 201 C. H. Steinhaker, to repair house on E. K. Ricketts, to erect garage rear 645 E street southeast: cost, $1.500. E. R. Buckingham, to erect garage rear 1309 Kennedy street; cost, $250 J. H. Davis, to erect garage rear 1357 Jefterson street; cost. $363. B. M. Comerford, to erect garage rear 2560 Wisconsin avenue: cost, $27 E. H. Carrick, to erect garage rear iQEsKentucky avenue southeast; cost, 75. Charles J. Kropke, to erect garage 1000 H street northeast; cost, $700. M. R. George and L. D. Engle, to repair 709 I street; cost, §6,000. EXPERT LEGTURES ONREALTY RULES Thomas Bradley at Y. M. C. A. Takes Up Factors Which Hamper. Thomas Bradley, vice president of the Washington Loan and Trust Com- pany, discussed building restrictions ‘which are tending to hamper investment in real estate, in a lecture before the Y. M. C. A. class in real estate at this ‘week's session. “We are now hedged in with many trictions as to bullding,” he said, ‘and when you are contemplating buy- ing a lot it Is well to look into the ef- fect the zoning law may have. has been relatively littte building done in Washington since the zoning law went into effect. “I cannot at this time go into the question of the zoning rules, but they are most important in ascertaining the value of city lots and the use to which they can be put, because the ultimate value of your lot is the revenue it will produce when built on with the preper kind of improvements. There s no other criterion by which you can be guided. Mentions Rent Regulations. *“T want to say just a word on the subject of rent regulations. Capital is a very delicate thing with which to tamper. It takes some courage under present conditions for a man to build, and if laws are passed which are going to restrict the use of build- ing, vou will find that they will not be built. A bill introduced in the last Congress passed the Senate and threatened to become a lw. If it had it would almost have made apartment houses impossible of opera- tion. It would have made it im- possible to eject an undesirable tenent. When an occupant of an apartment house becomes objection- able, you must get rid of him for the good of the many—for the good of will not bs session. to go out of the wi Mrs. M. Carr, to repair rear 2§ Rhode Island avenue northeast; cost, $175. Mra. P. T. Moran, to build store 122: Potomag avenue northwest; cost, $1.900. | Mrs. P. T. Moran, to erect garage rear 3265 Prospect avenue; cost, $1.700. There { the respectable people who are living in the same building. I hope this bill revived at the next “Some tenants have so little regard for the comfort of the neighbors as to annoy them. Typical Interior of T recall some years ago the occupants | |of two apartments, one over the other. ot at loggerheads. One claimed that | the other moved his furniture b, and forth over his apartment to keey (him awake. About two days later the other came in. Clock Causes Eviction. “He said that the man underneath manazed to find out the location of the room in which the first gentleman | d his bed. Then he attached an alarm clock to the ceiling above— right under the bed, the alarm being set o as to sound every haif hour throughout the night. When you {come in contact with people like that | you have to get rid of them.” “In the city the vacant lot s one | that should be purchased with a great | deal of care. Sometimes you find a | £o0d value, but as a rule the small | city lot is overvalued. Few people ' build single houses. The profitable thing to do is to build a row of houses, which can be constructed much more cheaply. An apartment house is the cheapest form of housing known.” ,,,——,,,—>> JOINS REAL ESTATE FIRM. Former Assistant District Attorney Made Vice President of Company. James P. Schick, who recently re- signed as assistant United States dis- trict attorney, has joined the real es- tate firm of John W. Thompson & Co. as vice president and general man- ager. Mr. Schick is experienced in the real estate fleld, having been engaged in business some years ago with Moore & Hill, and before that with the Dis- trict and Washington Title Insurance companies. He i8 a lawyer by pro- fession and for a number of years practiced this pursuit. Mr. Schick will have supervision of the sales negotiations and of the gen- eral business of the Thompson Com- pany. WANTED—HOME GARDENS. From the Chicago News. What the newly organized National Home Garden Assoclation may suc- ceed in accomplishing when it leaves the office and the armchair for the ac- tual struggle with the prairie sod is, of course, not yet known, but the proposal to found 10,000 gardens in this poorly vegetated town is worthy of serious consideration. ' Not only would 10,000 gardens fur- nish many a flourishing onion and head of lettuce to meet Chicago's de- mand for vitamins and minerals, but they would give much needed moral discipline. A man who can cultivate a hill of beans according to the just laws of nature is not likely to be affiicted with the speed hysterias or other discipliniry diseases prevalent in the streets. There are unquestionable moral ad- vntages in a garden patch fitted to soothe the phrenetic activities of the city. The calm dignity of the cabbage waxing to maturity and the delibera- tion of the ripening squash might go far to improve the morale of our ur- ban population. And think what a well cultivated garden does to a grocery bill! E—— More than one-quarter of all United States lumber exports are sent to Latin American market: | Would you provide a Home for your old age if it cost you nothing to Acquire? BUILDING SUPPLY SHORTAGE POSSIBLE Increased Activity in Con= struction Work Cited as Likely Cause. Reports indicate a continuance of preparations for extensive bullding activities and point to a propitious construction season, according to 8, W. Straus, the New York banker. ‘Active conditions are likely to des velop a serious shortage in supplies, he declares. “The general funda= mental conditions cannot be said to be condugive to lower building prices in fact, the activities which now ap- pear to be getting under way may be expected in the natural course of events to strengthen prices. Lower Labor Costs, “In some localities there have been recessions in labor costs due to un= employment and general business de= pression, but it would not be prue dent to withhold building plans om the assumption of further prospees tive geneval recessions in labor. “The hopeful aspec! the builds ing situation is to be taken as a fore= runner of general business revival, Pronounced building aci hasten_economic and social stabiliza tion. The agitation and unrest whicl has existed in the industry will, fa the long run, prove beneficial. Peo= ple are continually demanding better homes and higher standards of live ing. The development of our great American cities, the upbuilding of the nation and the general progress of civilization have been due primarily to the restless aspirations of human=- ity for better living standards. The social unrest in the world today i a further manifestation of these im- puises, and stabilized conditions will be brought about by directing these forces along constructive lines. Sues ceys is discontent expressed in terms ~f accomplishment. Solution for Unrest. 3 “These facts are to be borne im mind in connection with every phase of the present situation. Such active ities as home-building and home= ownership will: prove rightful en- deavors through which unrest may find_constructive solution. “The present prospects of active residential construction during the ensuing spring and summer, there- fore, have a deeper significance than appears on the surface. They repres sent a forward movement toward bets ter social conditions; they will alles viate much of the unrest which has existed since the end of the war, will give impe. 1= to general business, will make possible more general praes tices of thrift and remove many of the ills now due to unemployment.” —_— Lumber waste prevention and utils ization will be studicd by a speciat bureau of the National Lumber Manus facturers' Association. — Wages in building trades in Lond! have mot decreased in a period of 100‘, years, except for bri ods. a Walker Co-operative Apartment Number 1. Number 2. ] Number 3. ‘ Purchase price I Purchase price Purchase price f} of apartment, $4,500.00 of apartment, $7,500.00 of apartment, $4,600.00 i Cash payment, 1,500.00 | Cash payment.. 2,500.00 Cash payment . 1,50C.00 i Total monthly I Total monthly Total monthly ’ it payment, ex- | payment, €x- ¢ payment, éx- h penses, prin- penses, prin- penses, prin- cipal and in- ! cipal and in- cipal and in- - || terest 3 4688 terest .....e 7812 terest ...... 5170 Present rental, 60.00 | Present rental . 100.00 Present rental, 70.00 Total rental 139 months at $60... $8,340.00 Total rental 139 months at $100. ..$13,900.00 Total rental 139 months at $70 $9,730.00 Cash payment veeess.$1,500.00 Cash payment.........$ 2,500.00 Cash payment... ...$1,500.00 Total payment 139 Total payment 139 Total payment 139 months at $46.88...... 651632 months at $78.12.. 10,858.68 months at $51.70...... 7,186.30 Al Total . AT .... $8016.32 Total s s aas sisnr sisworsisiois Total osinainenonannssonesasissoht OR300 Savings in cash ome e s SR D 023,68 Savings in cash...ceeveeranceees .$ 541.32 Savings in cash........-...........f.$1‘043,70 Value of apartment...ceceecmmeccceecss.... 4,500.00 Value of apartment...c.ceveeeiesnseness... 7,500.00 Il Value of apartment......ccceeevnennnnan.... 460000 | Actual Gain by Purchase. ... ......$4,823.68 Actual Gain by Parchase. . $3,041.32 ‘| Actual Gain by Purchase. .. ...... .$5,643.70 1734 P St. N.W. 15 Have Us Give Full Particulars Regarding Apartments in These Four Buildings: THE AVONDALE THE CAVANAUGH 1526 17th St. N.W. p® Will you be YOUR OWN LANDLORD or some one’s tenant? g Allan E. Walker & Co., e RUTLAND COURTS 1725 17th St. N.W. THE LAMBERT 1791 Lanier Place N.W. I Originators of the Perfected Co-Opera- tive Plan of Ownership in Washington 813 Fifteenth Street [ TR Southern Building