Evening Star Newspaper, June 25, 1921, Page 14

Chevy Chase House Must Be Sold at Once— ¢ Now Vacant Price, $8,250 West of Connecticut Avenue = Located in very desirable neighborhood in Chevy Chase, D. C.. this house is 19 feet wide, and contains six large rooms and bath. Floors are of hardwood. Sleeping porches, cemeut porches, hot-water heat and electric lights. Built-in garage and other features that make for a complete home. Owner finds it necessary to sell at once, hence the greatly lowered price. EXCLUSIVE AGENTS Allar E. Walker & Co., Inc. Sales—Rents—Loans—Insurance 813 Fifteenth St. N.W. Main 426 1210121011212 L L LA L2 PRI I I R 2 X AT Ideal Country Place Inspection By Permit The owner of this property has left Washington and has directed us to SELL it. The price at which it is offered is several thousand dollars below value. Located south of Alexandria on the Camp Humphreys Road, it is only 40 minutes by auto from the Treasury. 5 The house has 16 rooms and bath, furnace heat, spring water, etc. 21 acres of ground with shade, fruit and ornamental trees. Price $16,500 The man who gets this beautiful place is taking advantage of an unusual set of circumstances. The house alone could not be built for the price asked. Realtors 713 14th St. N\W. BUY AHOME Where Values Are Best In That Beautiful Addition “PETWORTH” Overlooking 500 Acres of Soldiers’ Home Grounds Inspect 4122 3d St. N.W. On our terms most any one can own their own home. ‘These homes are superior to any at the price. Open daily and evenings until 9 p.m. The 4 bedrooms in these homes are of unusual size. Extra large yard to wide alley. . These homes are equipped with especially large sized breakfast and sleeping porches. See them before they are all sold. . A Word to the Wise—In this operation we have just one corner house left with bmlt-in garage and surrounded by lots of ground, suitable for physician, dentist or any professional man. D. J. DUNIGAN 1321 N. Y. Ave. Main 1267 Buy a Choice Apartment Only a Few Remain The Lambert is the tenth apartment building sold under the WALKER plan of co-operative owuegrship. . We have brought the satisfaction of home owner- ship into apartment life. We have made the apart- ment a better place to live in, in addition to securing for purchasers an investment financially sound and of increasing value. A SMALL PAYMENT DOWN —And monthly payments lower than rent will make you the absolute owner of a choice apartment in this most desirable building. It is the last chance to offer a building for sale at a price that is but 60 per cent of reproduction Act quickly before it is too late. 5 cost. It Actually Costs Less to Become The Owner Than to Remain the Renter The acid test of the Walker plan of co-operati ownership is had in the fact that inp a number c";e:;arvtf ment buildings already sold, waiting lists of those who ;vant 2) buy from the original purchasers have been orme : ALLAN E. WALKER & CO., INC. Sales—Rents—Loans—Insurance : 813 15th St. N.W. / Main 426 Backward Trend O{ (Dinpatches marking the progress| material lines are under investigation S v com- of the deflation and readjustment| by the attorney gemeral of Missourh | bug Dicture 1o e N ont syaclen com. in business throughout the|who charges violation of the antl-|fapacity which a year ago were country, giving the conclusions of | trust laws and price-fixing. Much |gioged down. Leather manufacturers special correspondents, who have been | of the information on which his in-|and the makers of boots and shoes 1nstru to present conditions d | vestigation is based was brought out |have written off their losses and are indications as they really exist, are | before the arbitration board adjusting [again making money while their in- printed daily in St building trade wages. ventories have risen considerably, as NEW YORK, June 25—State of mind rather than the state of business is the dominant factor in the present dispatches received here within the Improvement in the financial condi- tion of the country has offset any backward trend of business. Each day and savings accoupts have Inoreased. Retall purchases throughout the coun- materially in volume over last week. ‘The buying power of the public has BT AL A ness men recognizing that fact, are ean 85 ‘of weakness in this market and man e e IO O aned” “energy | dealers expect & decided falling off o bought for about what yuu! and success. business during the next month. The are yayi.ng for rent. e i i VasaseE domand for pea and steam sizes is This has been marked in nearly everp section of the country. In the same territory and in the same lines some concerns are running at ca-|lumber shipments from Washington us in touch with “Good pacity under the urge of an active Bnd sclentific selling campaign, while | P07t b3 Fater Jast Mol o etaet Buys” in every section, City others are almost at a standstill}oe'ar'went to the Atlantic coast. The and Suburban. foay nappen o business i€ the worst | \erEeT Part of the cefar shipments content to bemoan what it feared comes to the worst. Many are eomplunlnz not of de- pression and business disasters, but of uncertainties. The prices of basic|rne American Locomotive Company to give you his personal| materials gradually are reaching the stage of stabilization. The woolen | Will start operations at its plant here service and make it his busi- in the next fow days on an order for iy are running within, 10 per cent |11 100 PeR B ats Soslved yeeets| Mess to get the best value Stock growers are slated to pull |1y for rallroads in China. The plant for your price that is avail- thro\l'h‘? without disaster. Grain | Bas been operating on a reduced basis bl b4 P crops are good, and with the harvest | for some time. able. the purchasing power of the farmer is increasing. Thousands of men in ), June I e tna trades raturned to Work | o s YEaia Walter 2. -C. Gottin : {his ook &nd bullders are sounding | 12 aiddne of " the - Sherwin:Wiliiame venient to call. the banks on loans in anticipation of | Paint Company, stated today that re. building revival. Investment oPDor-|ayctions in paint prices made earlie: Office of tunties when sound, safe and profit- | SusHion ar B able have not gone begging. from lower co f linseed ol and Lines Active. Lo ine. and fhat labor and trans: Gnem Smallw(,od o millinery and | portation %bu:‘el:mmlonc:mu iu’xl:. e T' com| , he 3 clothing are moving In satisfactory | CORFSOT., o 0 tnsurance, taxes ani| 729 14th St. Main 5070 Shoes, dry goods, volume in most sectiol t set their production standards at fig- loans. three automobile manufacturers have |loans. There Wi, 5o, §2 enefie ===y Ggl ——————— { ures which represent more than nor- he concluded. mal output. Tire manufacturers have increased their forces. Inquiry for reased. Steel, coal, ofl and cotton and the non-ferrous metals continue to be the weak spots in the business fabric. The steel business was among the last_to be affected by depression and probably will be among the last to recover from it The bituminous coal uction for the first six months of the year ex- ceeded that of last year for & similar period and the export demand showed decided increase this week. Curtaflment Expectations. Curtailment of production and in- creased demand resulting from low- ered prices are expected to take care of the surplus oil stocks before Sep- The statement has als are admittedly dull, but existing ks are gradually becoming ex- hausted and the copper, lead and sino markets may be counted on to read- just themselves in due time. The close of the fiscal year, clnl::x of accounts, taking of inventories dly will have & temporarily deads ing ‘effect on business for the next fortnight, but these factors, together with t.‘\u midsummer lull, are present each year st this season. Commodity Reports From Various Sections ports of Brasil of $2 a ton was announced today. The ruling rate ;.::. is quoted _;1 l‘!}' a '.odn. ‘with quay tax. Te Rio Grande ports a cut of $4 s ton.has been made, Proposed new bullding for the American Commereial and Savings B: the restrictions upon exchange deal- te be erected at the southcast cormer of 7th and G streets morthwest early this fall. A charter has been granted Ill-; I:ck of the mew institution, and September SURVEY REVEALS TRADE GLOOM |t s St s ones who were more or less openly were wrong then, and they are just as MORE IMAGINARY THAN REAL| 52 Sty Ratiudt are doing a lot of harm by spreading Improved Financial Conditions Offset Any | wnen e meak of irade tenres: Power Keeps Up. - Rl S ihumbeen ml lln:ul! c:mnlehle let-up and whll; the retail trade is experi- n g construction throughout this|encing the customary summer dull- business outlook. There is no doubt| sectfon, and even large repair work | T the trade volume is up to the that depression has been overempha- | has been postponed. = This has re- |average of normal vears. The cigar. zed. uced demand for structural steel to [ette companies report earnings wel sized. Accurate reports and business |, pjip;his” proportions. ahead of a year ago. last twenty-four hours bear out the|peen no indication of a pick-up in| Evidently, then, the statement that fact that gloomy aspects of the eco- | the steel business, and some of the |businesd ia bad must admit a number nomic and industrial situation are|independent steel manufacturers inof very important exceptions. As for z e Mahoning valley may close down |the rest, oil men think that the pres- more imaginary than real. entirely during July. ent campaign for reducing output :fa:dfimanzgl:’ln';:e l‘m:;;st{ll,:l l;:l;flc released forty-four steamers ranging in |that later lon there may even be a ended. ustmen - | 1eased forty-t ran; shortage. In the meantime, of course, count rates by the federal reserve|iiooroo & io10 thonsmng desdnisis |few of these companies will maké benks has been a decidedly helpfal | poue, (o, 8 to 10 thousand deadwel R O these COmPAfiiey Wil make factor, and deposits both In checking | gor> YTy SO0l 1 1he UaTCC Eine- for coal to English ports from $5.75 to $6.25 a ton, with free discharge on try are estimated to have increased . e e s, sune 15—ne ps.|G€1 Acquainted With not nou&umy' u?lmlnlu?(«ed. "rh:;: burgh and West Virginia railroad has se H P every section of the country. In ‘hr “]ng lan tall and wholesale purchases when | ot & contract for the buliding of & purchases are attractive and when OPS30d line It the ooal Doigs owned | business is sought instead of await- | 170 0™, Troquction of 300 tons of Why not own your own| ed. Statisticlans estimate that even : fn times of panlc the buying power | 2021 & day, and will bo completed by Home? There are many| L Tore 4hn 18 per cent. any LUkl | NEW YORK, June et sie in BY STUART P. WEST. NEW YORK, June 25.—The trouble with the Wall street situation this|th to ul of foolish selling of stocks and a ie lot of still more foolish talk about |y 7] | 1eaders have allowed themselves to ’é be quoted as extremly discouraged over the outlook in their line. Gos- sip has been active concerning the supposed attitude of unnamed bank- ers, which, if it were true, would be very disheartening. Men of authori- ty on the stock exchange have been going about saying that the recent selling has been done by rich men, by insiders, alarmed over conditions in_general. The result has been to create a feeling of depression and uneasiness which ' is not warranted by a calm welighing of the facts. Not to admit, a8 many refuse to, thaut Europe turned the corner last autumn and is much i better fixed than it was a year ago, is ignoring of the evidence. It is shut- ting one's eves to the trade figures of | England, France and Italy, to the balancing of the British budget so as to leave a handsome surplus, to the | liquidation of almost all France's floating debt in_this country, to the removal by the Italian government of ings, because Italy's economic posi- tion has improved 5o that these arti- ficial props are no longer needed. Pessimists Hamper Recovery. The people who are talking about a predicting a panic last autumn. They a sentiment of uneasiness. which, just 80 long as it lasts, will stand against | business recovery. As a matter of | ticularly to the steel trade and related Business B ) industries like vanwi-y euu!dpmtnn ] the petroleum situation ,and to agri- uylng culture and the various lines which depend upon farmer patronage and Trade Volume at Normal When we look in other directions Steel. compared with two months ~ago. NEW ORLEA = Clothing manufacturers agree that Q NS, June 25—There|; i byginess has turned the corner, CLEVELAND, June 24.—There has Steel Price Test. 1 Goal. will have made Bqch progress by the " end o e summer at the present The United States Shipping Board bas | giock will have been worked off. and rates cases where we have prop-| erties for sale that can be Lumber. The broad, far-reaching SEATTLE, Wash, June 25.—Total facilities of this office keep feet. Of this, 17,000,000 feet S No matter how busy we SCHENECTADY, N. Y., June 25— are, there is a man detailed Paints. . 25.—In & letter Just phone us if not con- ad absorbed the saving: There will be no immediate Homes of Quality —is one of tse many ways to describe our beautiful new homes. . Webster Street at Sixteenth 6 Sold One of the most exclusive residential sections of the city. Description—The first floor has an open fireplace in the living room, a cozy breakfast porch opening from a spacious dining room and a tiled kitchen with the most modern fix- tures installed; the second floor hzvmi four delightful bed- rooms, two baths and a sleeping porch the entire width of the house. * Sample House, 1619 Webster St. N.W. " Inspect Any T’une‘ CHAS. E.WIRE, Inc.,Builders 1413 H Street N.W. making ti&nu $11, with & quay tax TERRELL & LITTLE, Inc. e Azeats : 1413 H St. NW. week has been mainly psychological. [¥eries of price cuts will still fail [ Confidence Warranted. pany of Houston, ‘The nerves of the speculative COM-|gtee] consumers, 11k = munity have been shaken by the|cn Eoods, will come. inte the markel |Minimize the difficulty of settling spectacle of prices dropping steadily, | °1 this second lowering of sched- |such problems as the export trade, state of things rests with people in |stock exchange is not a bit different |possible a year ago for wages to have high places. Some of the steel trade | from last December, except that we |been cut as they have with so little 2 have now a reserve ratio for the|friction and so little interruption of known medicinal remedies. 5, 1921—PART 40, and consequently there is no|does not lessen the seriousness of thie longer ground for the rumor pur- |economic questions that remain to be S ADLY SHAKEN veyors of “banking troubles” to stand |settled, certainly should inspire con- upon. It is undoubtedly true that|fidence rather tham distrust in certain individusls, and it may be in- | outcome. stitutions as well, have been forced to sacrifice stocks, because their par- (Copyright, 1921, by 8. P. West.) NEW BANKING STRUCTURE PLANNED. |NERVES OF MARKET TRADERS |l Trim ot v, o R Sonk | 7ok JTho, o7 e, proplems, of T HAVE BEEN ‘Deprcssion Of the past chk Has NOt Been iy l;:eflofilg:fl':e,wgrfu":“;::?enbt’.' VAST GAS PIPE LINE PLAN. Jy the basis for the reports of “rich men's selling.” Two observations, Warranted by Conditions—Some Favor~ |however may be ventired in this | project Will Embrace Supply a connection, first that the fortunes of . . = 3 the country have not in the past been ‘Wide Southern Area. able Factors in Business Situation. sccumulated through selling out| oovoron mex. June 25— Articted down, and second that the stocks|of agreement which are declared to thrown over in the last few weeks |constitute the first siep toward one ’;""My. and most of them will have a | have all found buyers, and that it is |of the biggest gas marketing propo- €avy inventory write-off. B et i axmerience to suppose |sitions the country has seen in sev- e yalory write-ofl, | @ ing at| (bt ihese buyers are mot & very |sral years have beep fled for record the fon Power o steel situation, one that a fresh | Substantial sort. ey e oR i Widelity Trast Gorn: ing to advices Stimulate demand, the other that| There is no disposition, of course, to | here. The pipe line project embraces 4 pipe line from the 3 veport ‘emw; s, Wheve. Ty amCinE Of sched- |federal taxation and the balancing | 10,5, touls, probably by the wA7 °F with scarcely an interruption, fOr 2 |the first. Jt ig to be hop A, e first, bed hat the |of the national budget. But these are full month, and there has been a 1ot | lest wiil not“long be Gelaver . ‘1¢|ne mere. {ormidable than was the | fheie sections & 1gTes BuPDIT OLELy o 10 b e Ay e, E D biech of the banking credit situs-|ane Sutursliess devestts coPerelt oY generally will know where they stand |tion six months ago, and this bas, s 549 000,000,000 cublc feet, and at soon ax possible in the matter of |been disposed of 50 effectually that|pricls”Jow' prevailing at the well the alleged “crisis” in the affairs of | freight rates. Uncertainty on this|in a single half year the federal re- |, re valued at $250,000,000, The Seld business throughout the world. 8core is playing a part in holding |serve system has made up the entire |jjeq in northern Louisiana and south- + Much of the responsibility for this | 2/iplines of trade in check. impairment of the ' previous three|orn Arkansas. The downward movement on the |years. Few would have thought it There are sald to be nearly 20,009 The Shannon and Luchs New Home Development 14th Street Terrace N.W. —is of extraordinary interest to those who contemplate buying 2 New Home. Here you may see New Houses and New Designed Bungalows in all the various stages of construction. Homes Priced From $12,750 to $18,500 Our terms are equitable and have meant success to every purchaser since 1906. It takes but a few minutes of your time to see the new homes in this “Intown Suburb.” An Ideal Location for the Busy Man The convenience to reasonable markets and the adequate school facilitics, together with the cleanliness of the commurity, make it ideal for the family. To Inspect Take 14th Street car (best car service in Washington) to corner of Ingraham Street Northwest. Sample Homes open every day until 9 P.AL HANNON- & LUCH Building Department 14th and Jefferson Sts. N.W. Columbia 5625 "SAMPLE HOUSE, 349, WARDER PLACE N. V. gt st ooyl b g Everything about these homes has been made just as attractive as has been at all possible. The large cement front porches and general exterior finish are in thmselves invitations to emter. Immediately upon being inside, an atmosphere of exceptional spaciousness becomes parent. This is because these houses are ACTUALLY 27 FEET WIDE and 30 FEET D! . The front hall alone will take a rug 7x9 feet and all other rooms are relatively: larger than in the average house. . Beauty and utility are ideally combined; windows and wall space properly prowide for maximum light and tasteful furnishing. The solid. rustic brick fireplace, nfiufin of family gatherings on chilly evenings, is really bulti for use and always “draws.” Oak floors e?e:ially selected for their beautiful graining. Trimmed throughout in w! particularly noted for its hardhdrying qualities; highly polished mahogany finished doors. French doors to breakfast porch. A Four well arranged bedrooms—ALL LARGE—no hall bedroom—closets in all rooms; coms municating doors to sleeping porch; center lights and dresser lights. Sanitary bath of white tile and porcelain—~FEATURING OUR OWN SYSTEM OF DUAL VENTILATION—medicine cabinets and linen closets. Full sized kitchen; built-in dresser; porcelain plumbing fixtures; high-grade gas range; out- side pantry. Garage built right under house, heated and lighted; ample space for any car; sewer con- nection with SPECIALLY DESIGNED -SEDIMENT TRAP. “American” system of hot-water heat; stationary laundry trays; brick cold-storage room. Close to Schools, and Stores of All Kinds 2 SOLD ALREADY--PRICE, $12,250-ONLY 2 LEFT ' Open Daily Until 9 P. M. GEO. U. SMALL, Builder ...;_Mcxmvsa-acoss,';‘,, EREREHRLT : Exclusive Sales Agents Members Washington Real Estate Board 1405EyeSt.N.W. Main 4752 FIRE! Insure Yourself Against Loss. “Maximum Insurance Service,” Is Cheapest and Best, .