Evening Star Newspaper, September 10, 1921, Page 14

ammzimm' ‘£GLENDALE, D. C. L T T = = % starting. Streets have been graded this year to - Sl " Armsleigh Park Groups 9 and 10 are nearing completion —in fact immediate delivery can be made of sev- eral of these attractive Cottages. No better evidence of the sugeriority of this community could be given than the fact that the first eight groups are sold—many of them before - -completion. - ¥ v - . Youll like the location of Armsleigh Park— you'll like the tone of the community—as you'll certainly like the Cottages themselves—wholly de- tached—fully equipped—practically planned. All You Need Is $1,000 Cash —the balance can be paid like rent— Come and see them any day or evening. Phone me—Cleveland 1490—or call at 4415 39th St. Iam always there. Take Chevy Chase cars to Albemarle Street (first stop north of Bureau of Standards), walking west; or Wisconsin Avenue cars to Windom Street. R. E. Hamilton {jpess Regrenase o T A TR FOR COLORED OF THE BETTER CLASS 40 lot buyers now living in their own homes. 500 lots under contract to prospective home builders. New 5 and 6 room bungalows now the extent of one-half mile. The new Smothers School will be located in GLENDALE, D. C.; construction will start this fall. $10.00 bill will start you. Look it over. Take H street cars marked “District Line” to 48th street N.Ej walk south into GLENDALE. Mr. Greene is on the ground every day and Sunday until dark. WM. P. IRVIN 1410 G Street N.W. Main 3908 0 608 to 620 OTIS ST. N.W. THE HOUSES WITH THE BIG LOTS 20 BY 142 EACH TO WIDE ALLEY Plenty Room for Garages, Gardens & Flowers OPEN SUNDAYS AND EVENINGS e Price, $8,250 i E . $1,000 CASH $75.00 MONTHLY INCLUDING ALL INTEREST INSPECT TODAY Take 9th Street Cars to Otis Street and Walk East Two Squares, or Phone Us for Auto * - H. R. HOWENSTEIN CO. 1314 F STREET NORTHWEST E condition of affafrs é =] § o e BUILDING MATERIAL PRICE T0 ADVANCE | Nearly Equal to Present Production. NEW YORK, September 10.—Buy- ing for building construction is be- ginning to tax the production capacity of certain bullding material manufac- turing industries, according to the current Dow Service dally building Teports. ds lon to recent Dow Bervice ob- ons to the effect that price rev covery in the bullding construction industry has definitely set in. It ful- fills the predictions ade in this column and elsewh: long ago as August, 1919, that a price turn up- ward would certalnly follow the panicky price pruning that was forced upon an indus woefully undersup- plied when pub! opinion was be- ginning to balk at construction work until prices were brought back to pre- war levels. General commodity prices were under pressure for reduction then because stocks had been over- produced. Building material stocks have been underproduced ever since the war, and their cofdition in the face of growing demand is wo! t day than it has been in generation: The Federal Reserve Bank's comput: tion fixes July, 1921, as the time of t!I turn in price declines. Turn Must Come. As far as the basic building material market is concerned, it is not hard to establish the economic reasons why pres- ent price levels cannot be sustained long under existing conditions of de- ST s | and. and supply. A few citations will suffice. R oo or S s i The actual shipments against that total were 4,976,032,000 feet. For the week ended August 26 the shipments totaled 74.000.000 feet. In the same period only 70,000,000 feet were cut. Cement Stocks Low. Cement offers _another example. From January to July, inclusive, pro- duction totafed Against that total 50,376,000 barre were shipped. In the month of July, according to government statistics just jssued, 10,301,000 barrels were shipped, against a’ total nation-wide production of 9,668,000. The stocks on hand at this time are more than a million barrels below the reserve this year. Buflding Nearly Doubled. There are those who have been awaiting the return of “normal times"” in the building business. The term “normal times" is hard to define, but in building construction a fair idea of what that phrase means is ob- tained by striking an average of building construction permits granted over a period of years. In a selec- tlon of seven years from 1912 to 1918, inclusive, the average yearly New York construction item may be set down as $187,000,000. The total value of projected New York city buildings recorded at the various city building bureaus in the first half of this year was $181,453,919. NOTES ON WOOL MARKET. BOSTON, September 10.—The Com- mercial Bulletin's notes on wool quo- tatibns follow: = Ohio and Pennsylvania fleeces—De- laine, unwashed, 33a35; fine, unwash- ed, 28a29; % blood combing, 29a3 3% blood combing. 25a26. Michigan and New York fleeces— Delaine, unwashed, 31a33;; fine, un- washed, 26a27; % blood unwashed, blood unwashed, 3 =|_ Wisconsin, Missourl and average = % blood, blood, 22a23 Kentucky, % 28a29; % blood unwashed, 25a26; % blood unwashed, 23a25. Scoured basis—Texas, fine twelve fine eight months, 50a55. California—Northern, 70a75; middle county, 65a68; southern, 50a55. Oregon—Eastern No. 1 staple, 78a 80; eastern cloth, 60a65; valley No. 1, 65a70. Territory—Fine staple, choice, 80a 85; 3 blood combing, 68a72; % blood combing, 50a55; % blood 'combing, 35a38; fine and fine medium clothing, 60a63; fine and fine medium French combing, 65a70. Pulled—Delaine, A, 85; AA, 75a80; A, super, 60a70. Mohairs—Best combing, 27a30; best carding, 22a25. LONDON, September 10.—The offer- ings of the wool sales yesterday mounted to 12,228 bales. ~ All de- {scritions were strong and merinos and crossbreds sold 5 per cent above the opening rate: —_— DIVIDENDS DECLARED. Stock of ucyrus Go. of, a, $175....8ept 30 Oorr i Bucyrus Co. pf, q. $1.75....Sept. Oan. Loco. Co., Ltd., q, $2...8ept. 20 Oct. RRR 2% 28 ™ o B e Bose WM '3, $1.80. United Dyewood, pf, .75.8ept. 15 West Pnd 8t. Ry. 21.75.8ent. 15 Warehouse or Garage A modern two-story brick Level and “above board”—that’s the jeputation we’ve made in the lumber business and that’s the way we propose to continue, - When lumber took a big drop—down went our prices—to the bottom. And you’ll find us filling your order with the very best grade of stuff that your money can buy anywhere. Whether it’s a clothes pole or a carload you can depend on full measure, good quality, prompt service and low price. _ 'GALLIHER & HUGUELY Sherman’ Ave. ahd W St. N.W, and concrete building. Each floor has a grade’entrance from street ‘and 32,000 square feet of floor space. Building in second commercial zone, well suited for garage mervice station, warehouse or factory; will rent reasonably for one or more Yyears. H. L. RUST 912 15th St. N.W. Block of gronnd in the northwest section, fac- ing 3 wide streets near 16th. Choice location for an_apartment; about 9,300 square feet; con- venient terms, Thomas J. Fisher & Co., Inc. 738 15th Street N.W. Main 62 Consumption in Some Lines | stock for any month except January 3 ilar—3% blood unwashed, 26a27; % |d. ATURDAY, SEPTEMBER 10, 1921 PART 2. BID FOR R. R. SECURITIES.| MATERIAL IMPROVEMENT IS Reported Offers Made for $880,- 000,000 Held by Goyernment. Tenders to purchase railroad securi- - ties held by the government have Growing Confidence in the Buisiness Situa~|ff — “emston—the met it iy 1o amertes ll‘;nldz 'stood to be consider! !h! tion Anticipates Continued Betterment. ’s oNLY NATURAL THAT SUCCESS possibility of marketing the 3380, ‘qe, . . BT S T Stocks and Commodities on Upgrade. A uwni SaE. e OR o rotes tan That we are in position to make you the most im- lo:l}&me&u witn o hy e - o portant real estate propositions in Washington is ight. otherwise elay pending . Y . &4 11 movement al i 1 the passage of the railway funding| - Y TUART ¥, AVRNT. :g:n-tnl mfil: e trace_able to the i?“ .thflt OWESIN realng that the. Service bill by Congress. NEW YORK, September 10.—Grow-| “'The copper -mu'uc- indicate that of this Organization is “Maximum Service”—a higher de- u Overhéard by J. M. G, } " ‘More Important, 8’ From the Boston Transcript. Dancing} Master—You must watch EVIDENT IN MANY DIRECTIONS |xifi A i e Va e o i e e, o teach me ths new ‘The nature of the offers or how they were regarded by the Prestdent disclosed, but Mr. Hardin ing confidence in ‘the business sit-|the present surplus is disappearing at 1 f servi han has b ffered i ——— ¢ velopment of service than has been offered in real estate uation has been. th er! m- | the rate of 40,000,000 pounds a month COTTON RENEWS STRENGTH. Hop Deen. the underlylng im- | 233, (%0 0" the excess of home and |fl up to mow. pulse in all the markets this week. a £ h 1 NEW TYORK, “September 10.—The foreign demand for the metal over cotton marl h d ed | While the public is still asking itself new production and imports. The ef- | |i . strength tod:y“owrn:':o porta of | when things are going to turn, Wajl | féct upon prices has already been wit- Have you ever learned how easy it is to buy a torrential 1 th d nessed in the recovery, which started | [i bome? Itis more of than of orqatial nr:rl‘l'l:“"l: fimouth Y.h‘u.:o u‘;. street replies that they have been|a fortinght ago, from 11% cents a c::l:l- P M.Iln -y‘. e o mycae v of the tropical storm. The latter was |turning for.a long time past, and in mm;g.*ma h:: v‘::‘\lnd = :"-h url;lgb considered too far away to' threaten {proot call 3 that | 88 cen ng on orders any dsmage £o cotton Within the ReXt |poug sty o iorooR to the fact from abroad. bond. prices are up five to ten points . four or five days, but private reports Rafiroad Siteation Improviag. ( regarding the Texas ralns lod to-ac.[and mtock - prices ten, ffteen gnd 3 . ‘R and os tive covering and fresh buying. First o | e, Sompleted raliway tabulation | fl spaxiemu e - Wy ervic 4 2 twenty points in many instances from | ghows that July was the most profita- J ?5‘?8‘;?’,‘,':.5’.1‘5‘;‘;’.?.&&" Sdvancs of [their lows of the past summer. ble month of the vear for the roads, setbacks right after the call under| This recovery in securities presents |21d the preliminary data leaves no 5 realising for over the week end. These |the familiar phenomenon of the mar- | d0ubt that August will be even better, 5 offerings were quickly absorbed, how- [ket anticipating business changes | O 8ccount of the larger shipments of | il 1405 Eye St. Main 4752 ever, with December soon selling up |which may not become fully defined 5rain and cotton. This also promises | | t0 20.70 and o2 b to bring about a much better forelgn . 13 €00 points et e o o | mameimonthy et At thera s | o Y e B e s Members Washington Real Estate Board beén mo i 1 ment . tive months, in trads conditions. Goins by the ve. | A8UTes are compiled—than the dismal — — NEW ORLEANS, September 10.—The | ports 1 R S T — — - ————— extremely heavy’ rains reported in B e et twofweekm thauiat a1, 100K8 still more probable than it rogrens ot quernight, and the steady | /There has not yet been opportunity [ 3id at the close of last week that the progress of the tropical storm across|to judge of the effect which the ex- | SraiD trade is definitely on the mend. rev fibbean ees created a buying|traordinary advance in cotton will|There is no sensational shortage to i wave b the cotton market on the have upon business In the south. But (UL UD Prices, as in the ease of cotton. 8 today, and in the first hour of leverywhere the comment is made that, Crop is only shorf by com- 0. > ey e S T e L e B R A R March to 20.10, As was the case ves. |\1€ BOWer In the southern states 1as | uanels would have. pors onoiaies terday the near months were stronger S fai i 8h cotton prices, this|quite a bumper harvest crop before faraay thenearin cannat fail to be the. case now. pro- | Juite Formerly with the office of - vided the rise from 11% cents to 20 cents & pound is to hold. Money Market Easfer. . GERMAN MARKS SLUMP. G fEiseed seaets Meanwhile, improvement. continues Frank A. Gibbons Sell for Less Than Cent Apiece in in the financial situation consid rmanence of the cotton |py jtself. The bank x(aler::ntx fiZ:‘? recovery, the market of the last few | witness to the seasonal demands. inljl- . is {53 ; : Exchi Market. days has ‘afforded a pretty .thorough |the harvest districts, Bar:l::al:sm: W|sh§s to announce to his friends and clients that he is ange rke test. ' The year's crop will be short |South and northwest are increasing iated with th i f NEW YORK. September 10—Ger. | between -four and five million bales, | thelr rediscounts with the federal re. now associated with the office o man marks sold for 1 according to the government esti- |serve branches in the east and mid- B ks ®0 fo“ine:;";lan‘:mf mate up to August 25. But this does |dle west. Yet in the midst of the ket here today. After opening at | POt tell the whole story. The weather |crop moving period, and facing within 0.99 conts they advanced to 1 cent |PUreau reports both this week and |a few days the temporarily heavy re- ter rown flat, which figure represented an | 125t have borne out private advices |quirements for taxes and government D overnight decline of 0.0225 cents. that cotton has deteriorated still fur. |bond interest Ppayments, the money ther since the first of the month. - |market has been easier than at any Realtor —_— It, as now seems likely, there is to |stage 5o far. Time loans bave been MONEY AND EXCHANGE. be another marked reduction in cot- |made for thirty-day periods at 53 | 1400 H St. N.W. NEW YORK, September 10—Prime | o0 estimates by the end of Sep- |per cent, which 13 Trg iowece “12 it mercantile paper, 6a6) ; exchange, ir. | t9mber, it will mean that the avall- |several years. This in° refereod in Main 1654 regular; sterling sixty-day bills ‘and | 2Pl Supply, ‘including the carry-|the investment bond marker. mmern commercial sixty-day bills on banks, | OVSF, from 1ast year, will not be equal | each new issue brought out js eapmeie 370; ~commercial sixty-day bills, | o the normal demand for export and |snapped up and where denlers ey re. 3.69%; demand, 8.13%: cabies, 3.74 t'»rt homel sonnummlon. This Dros- [porting that their shelves are bare, Francs, demand, 7.45%} cables, 7.46;| D¢ 188 led to the most urgent sort |i¢ is reflected too in the increasing ?514“‘“(';' ‘fi:"“ élamln: 3334 of h“yhr;g“‘o}ft forsivn ;::g\mtb:y!}lnl; vglnme o{ lr;veitmenl business and 5 .34. Guilder, demand, the constantly rising tendency of|f - C into the market for cotton goods that % vestment—] A Ii;;:k.,‘:x’:‘?n:‘:ia. '0:99; cabicn: | mills will be taxed to the utmost for | Picey; dheiSatcstitn §)mpraved BV Ry e Breperly Looking back at the record of th 0.99%. Greece, demand, 5.567. 'Sweden, | OthS to come to meet demands. last three months, it may be noted demand, 21.55. Norway, demand, 12.95. Pig Iron Advances. that June was the time when the bond Argentine, demand, 30.75. Brazilian,| In other directions outside of the [market struck bottom and began to o demand, 12.75. Montreal, 1011-16 per | textile trade the testimony is increas- | point upward, and it is also clear now | to o " cent discount. ingly favorable. Pig iron quotations |that stocks of companies with an Government bonds steady; rallroad| have been advanced another dollar a |assured business outlook so that their bonds, firm. ton on top of the previous jump of |dividends could be considered safe sl SR e N two dollars, while the figures showed | did isely th 5 3 t that in August, for the first time i precise ’(’C(: enl:tm:v.:h)xng u an en ASSAILS VOLSTEAD ACT. | since 1ast autumn, pig iron production IR ERY) e * lincreased. Regarding finished steel e \ | accounts are more conflicting, but it| In olden times it was popularly Senator Ashurst Declares Regula-| will be against all precedent if the | believed that the ruby was a very increasing demand end improving { powerful amulet to ward off plagues tions Are Too Stringent. prices. for the raw material do not | and pestilences. UTICA, N. Y., September 10.—De- claring himself opposed to the atringent regulations embodled in the_Volstead act, United States Senator Henry F. Ashurst of Arizona, addressing the New Ylo-ax State l%e':‘l’l Goal Merchants® Aso 2 2 clation at chflel prings last nig! s fem e v ! New Woo e bungalows THE LAMBERT APARTMENTS 1791 Lanier Place N.W. Own a home of your own in this ideal building—only a few apartments available. Co-operative ownership has brought real home satisfac- tion into apartment life. 3-room, bath and porch apartment. Price $4,300. Cash Pay- ment, $1,400. Monthly payment, $4L04, including interest and principal. and all charges. erty for liquor without a warrant as {l- legal and a contravention of rights guar- anteed under the Constitution. ~ The stopping of automoblies or the 14 Under Construction—10 Sold entering of houses for search without y warrants is absolutely lllegal, tho Sen- e e L Dot lontaRforsos 5 rooms and bath; breakfast alcove; open fireplace; i Lamotatis AR asFoftantibelng: large front porch ; hardwood floors ; tiled bath ; all mod- : x ern improvements; convenient to schools, stores and two car lines. 4-room, bath and porch apartment. Price $6,000. Cash pay- ment, $2,000. Monthly payment, $56.80, including interest and principal and all charges. 5-room, bath and porch apartment. l;rice, $7,400. $2500 cash. Monthly payment, $69.72, including interest and principal and all charges. ———— RELIEF FOR FIRE SUFFERERS. ST. PAUL, Minn., September 10.—The e See Us Now! suance of $15,000 of cert es of in- 7 ebtedness, to be sold to the state in- €e; s o vestment board and made immediately available for the rellef of fire sufferers S 2 & WARREN W. L. Cox, state lom%r, said approx- M RQ B- Co-operative ownership offers an investment oppor- tunity of exceptional merit. It is safe, sound and practical. It actually costs less to buy than to rent. Let us-show you. Ask Any Co-operative Owner ALLAN E. WALKER & CO., Inc. 813 15th St. NW. Main 426 imately thirty fires in the forest district are now under control, but are still a 1418 Eye St. N.W. menace. = ROOM 205 =_el=T= OFFICE OF GRAEME T. SMALLWOOD T27-720 14th ST. N.W. Proving Our Service There’s a sense of satisfac- tion in the knowledge that you have made the best deal pos- sible, that our Clients experi- ence right along. A Let us put you into posses sion of Qge II:me that meets your family’s needs. We'll talk terms that will suit you. . Office of Graeme T. Smallwood 729 14th St. - Main 5070 G===T. S We Are Tearing ' Down the Large ; o [J s | Lower Priced Homes At both of these yards we maiatatn of the competent salesmen, Present prices | W Same Wardman Caliber 2c Foot _24c Foot After 6 P.M., Adams 679 Bouthwest Offoe Meigs Offios 6th & C Sts. 5th & FlorMaAv, southwest’ mortheast ‘We have awakened to the realization that low-priced homes are the order 2x10, 2x12 Sheathing 3x4, 2x6, 3x8 & » e oo e of the day. Direct connections with large building operations permitted the : 1o tram 8o 18 foac e immediate erection of the present Wardman offering—but if you are familiar with our organization you'll know that this offering will be as quickly sold .as past Wardman successes. : - Houses Now t, Aflams snd Ascot ’ : p ¢ -m:umm between Sec- so.'::o;m.;.:“ o0l ey 22 M s“‘d :cmn;:g. Taland .mf-';“ Toese || bot2. _bulltin garage, || Select” Yours Today homes contatn all modern im. || $6.300; six rooms and 2 provements snd convemieoces. | (S (UL, €= || Open Every. Day - " ~Tpflwmhmpm.h¢vary : Until 9 P. M. 2 Main 4190