Evening Star Newspaper, October 15, 1921, Page 16

na 1s being offered today. (tHome’, Substantially Constructed Different in design; undoubtedl planned: pronounced the Roomiest more thoughtfully omelike Home that " THE EVENING BTAK, WASHINGTON, D. O, SATURDAY, OCTOBEE 15. 1921—PART 2 " | Dding e activend ueward. where | Waghington Stock Exchange. : RATE REDUCTIONS ESSENTIAL I"x'eigl;(:‘i Schedules Would Be Far-Reaching. TO FULL' NORMAL PROSPERITY Nation-Wide Reports Reveal That Lower ready have advanced and higher quotations are predicted. The woolen mills are operating steadily, there Is an increasing demand for the raw staple and the marketing of the first of the fall clip found prices strong and steady. The predicted slump in automoblle, accessory and tire manufacture has not materialized. Tire and accessory makers are speeding up gl‘odllc!lon and manufacture of s has fallen :lnly slightly below summer produc- lon. ‘The campalgns of plant add'tions and improvements announced by the United States Steel Corporation end | the Standard Oll of New Jersey are counted on not only to furnish ‘hou- “Read the partial description” sands of jobs. but to result in con- siderable increase in demand for| “Then make a personal inspection” Special Dispatch te The Star. NEW YORK, October 18.—The dif- ference between a profit and a loss In scores of findustries in the United them to make sorely needed purchases of necegsities. Steel men have declared that the return of that Industry to normal prosperity was dependent on lower buflding materials and mach(nerf, Btate, county and municipal authori- ties are opening up work on highwayvs and_affording employment to thou- 8 2 Complete baths, one with separate paneled dining room, cement porches front in cellar. building methods can produce. Complete, sensibly and conveniently planned rooms. showér compartment; in garage, hot-water heat, the latest sllver-plated eléctrio fix- tures, tiled kitchen sink, outside pantry, quartered oak nooukwm- in fireplaces, library and llving room with o;bln»t bookcase nd rear; house 35 ft.; porches 32 ft. wide; the latest labor-saving devices, such as automatic clothes receptacle, threé extra closéts, laundry A house as complete as the most modern, up-to-date Don't Fail to Inspect Exhibit Home 3240 19th St. N.W. 1 Square North of Park Road “Sacred Heart Parish” 923 Fifteenth Street Chas. D. Sager States lies in the cost of transporting thelr products to market. There are indications right now that freight rates will come down. Strong pres- sure has been brought to bear on the carrlers from eovery section of the country, and there is reason to belleve that pressure has a chance of attain- Ing its object. While new rate schedules have yet to be worked out for different com- modities and different seotions, and reductions are not yst a certainty, it is possible that In 'al rates may gome down m 15 to 20 per oent. T ffect of such reduction on the producing industries would be far- ruahlnr and immediate, as is shown by business dispatches from widely séparated sections received within the last twenty-four hours. Weuld Stimulate Buying. Manufacturers feel that such reduc- tions would enable them to produce and market their products at ices which would stimulate widespread buyin, at the same time yleld a margin of profit. Grain growers and live stock men declare that such reductions would not only mean returns for their prod- ucts which would pull them through to another season with something to go on within the meantirie, but would enable built- width 07 and No. 1851 Wyoming Avenue Large detached home on lot having frontage of 110 ft. by depth of 115 ft. About 20 rooms and 4 baths. Spacious ballrrom or assembly hall. PRICE ON APPLICATION. Near Sheridan Circle on 22nd Street Attractive semi-detached English Basement home of 10 rooms and 3 baths. A bargain for this location. PRICE ON APPLICATION. In Old Georgetown Well bui't detached corner residence, located on large lot. Double house of 12 rooms. In excellent condition. PRICE ON APPLICA- TION. Sheridan Circle Section English basement Colonial brick home of 9 rooms. 3 baths glass-inclnsed slceping porch and garage. PRICE $27.500. (A Bargain.) Si ineteenth Street Near R plendid proposition for this location. 10 rooms, 3 baths, Modern English Basement Colonial brick home. Large lot. Double brick garage. PRICE, $27,500. W. W. STUART Madison Near 15th—$22,500 This new detached tapestry brick house containing eight rooms and two baths, is located on lot 60 by 120 feet with alley in rear. Hot water heat, electric light and gas. Splendidly built. In Petworth—$9,100 Six rooms and bath, hot water heat, electric light. Semi-detached dwelling in very good condition. 4300 Block 7th St.— $9,500 Detached house containing six rooms and bath, hot water heat, electric H)%ht, on lot 40 by T 3731 Jenifer St. Mass. Ave. NE— $5,500 $1,000 cash handles this good six-room and bath brick, with latrobe heat, cellar and other features. Alley side and rear. Macomb Street—$20,500 Ten rooms, 3 baths, hot water heat, electric light, built-in garage. An excellent resi- dence that meets every requirement of fam- ily desiring a home in the exclusive Cleve- land Park section. R. I. Avenue N.W.—$8,000 Six rooms and bath dwelling, screened and weather stripped throughout, Room for garage. Property in best of condition. type porches. Iot. 813 15th St. N.W. ESTATE INVESTMENT CO. No. 804 17th Street Exceptional list of properties now offered for sale, each one of which can be purchased at a fair price and on reasonable terms. REAL ESTATE INVESTMENT CO. No. 804 17th Street If You Contemplate Buying a Home These Offerings Will Appeal to You Featured among these properties is the fact that they can be purchased upon reasonable terms, with immediate or quick possession assured. 1 | | Here’s a Good One Chevy Chase, D. C. New seven-room and 2-bath house, hot water heat, electric light. Dutch Colonial Hardwood floors. Open Sunday for Inspection Price, $14,500 Phone or Call for Representative to Sllow. Property ALLAN E. WALKER & CO., Inc. Lamont Street Near 18th Attractive modern home of 11 rooms, 3 baths, arage. This is certainly worth investigating 1f you want a home in this section. PRICE | ONLY $20,000. Dupont Circle Section Three-story and basement red brick resi- dence, having 11 large rooms and situated on deep lot. In excellent shape. Owner leaving town—must sell soon. PRICE, $17.500. O Street Near 20th Cozy home of 9 rooms, 2 baths, electric light, hot water heat, open fireplaces. PRICE, $15,000. Cleveland Park Situated on lot 50 ft. by 150 ft. in very best g rt of this beautiful suburb. 7 rooms and 1 ath. PRICE, $13,500. Cleveland Park Very_attractive little home of 6 wooms and bath. Modern in every respect and convenient to cars. PRICE ONLY $10,000. Wm. G. LIPSCOMB Chevy Chase, D. C.—$17,500 Close to Connecticut avenue is this lovely new eight-room and 2-bath residence, with hot water heat, electric light. Substantially built. Garage. Large lot. Just completed by excellent builder. Cleveland Park—$21,500 Lovely eight-room and 2-bath' house with electric light and hot water heat. Hardwood floors. Beautiful in design and arrange- ment. Garage on lot 60 by 90 feet. Close to Conn. Ave. —$16,000 In vicinity of Bu- reau of Standards. Excellent residence of 12 rooms and 2 baths, with hot wa- ter heat; electric sized Large $8,000 Six rooms and bath, hot water heat, elec- tric light. Just re. decorated and im- proved. West Chevy Chase—$9,950 Seven-room and bath semi-bungalow, hot water heat, electric light, hardwood floors, screened sleepi: rch. On lot 50 1 to paved alle;w B o by oS In Petworth—$6,500 Detached 8-room and bath dwelling; cl to school and churches. Lot 60 fe;?‘frc:::: alley. Newly papered and painted, @nd in very good condition. Y Main 2430 sands. Commodity Reports From Various Sections Machinery. PHILADELPHIA, October 15 (8pe- freight rates. The coal and ofl oper- ators have agreced with them and| other ndustries have chimed in. Ap- parently they are to have a chance to see w!)m.hnr their contention is true or not. The railroad executives, while ae- knowledging that lower rates would stimulate production and consumption ‘ll::ml;;a;g.;g l%l:d h fl"'ff"fi.‘: cial).—The Baldwin locomotive works must be some compensation to the | has received an order for seventy- ::;;I:;;l:;rogh:h.lun"I:anenu:. or | five locomotives from the Argentine rallroads must re- sult. How that compensation is to be I It for uae on the Argeniing '_':“',:: n_r";‘“{‘:;":’.’o l;‘%‘:g‘;"_h::[ business also has been received re- yet to be solved, as rallroad workers | S1t1Y bY the Baldwin company from declare they w! sist wage reduc- CHICAGO. 2 General Improvement Noted. In the meantime general business Improvement Is being recorded. The remarkable advance in the prices of orude oll continues, with prices shoot- Ing up 25 oents a barrel at a time. The advance in crude is being follow: ed somewhat more slowly by a vances in refined products. Oil bu ing 18 going ahead at a tremendous rate and the stocks of crude in the Un'ted States are being diminished. Improvement in fron and steel has maintained its steady pace. although some consumers have been holding off in the hope of a possible reaction to lower prices. This, however, has not come and more stacks are being blown In and more furnace fires light- ed each week. Coal demand has been strengthened not only by approach of cold weather, but Increased activity at industrial plants. Steady production is being maintained in the anthracite flelds and there are indications that pro- ducers are not averse to piling up reserve supplies, in view of the fact that wage scales come up again for readjustment early next spring. Lumber Orders Increasing. Orders for lumber are running well ahead of production In every big timber producing district in the ountry. Prices for some grades al- rallroad has ordered fourteen new Mikado type locomotives from the American Locomotive Company. Clothing. The cold weather F brought strong demand for peiticoats In the | retail shops, and manufacturers here {are being rushed to make deliveries. Produce. ELD, N. J. October 1 A number of farmers in on are plowing under thei lettuce, declaripg that the slump in prices makes it imposxible to market this vegetable at a profit. Shoes. Large St Louis shoe manufacturers, who have been running at increased speed recently, today announced a general decrease in the price of their products of 5 per cent. Lumber. ST. LOUIS, October 15 (¢ Tumber prices are somew % tled in this scction. They scem to be adopting themselves to the pecu- liarities of the demand in ¢ ‘Lhus Most Desirable Estate May Be Purchased For $15,000 Below Pre-War Price. —but this means a quick sale. The land contains 17.300 square feet, fronting 203 feet on Sixteenth street. Land in this section is constant'y increasing in value. The home contains sixtcen rooms, four baths, billiard room and many special features, large garage, etc. For Inspection phone OFFICE OF GRAEME T. SMALLWOOD Main 5070 729 14th St. N.W. foreign | October 16 (Special).— | The Chicago, Burlington and Quincy | NEW YORK. October 15 (Special).— | ST. LOUIS, October 15 (Special).—g DETROIT, October 15 (Special Tumber and other bufiding materials are evidencing a stronger tone. Lath ?‘:l: advanced 10 per cent In this mar- et. Irom ond Steel. NORTHVILLE, Mich., October 15 (8pecial).—The American Bell and | Foundry Company, makers of fur- Inaces, reported today that sufficl orders have been recelved in the fortnight to keep their plants busy the remainder of the year. Dry Goods. CHIZAGQ, October 15 (Special).— The present week has shown a marked Increase in retail business In drygoods throughout the middle west and this has been accompanied by In- creased buying from wholesalers. | Automobiles. MUSKEGON, Mich., October 15 (Special).—Two hundred additional men were employed at the plant of the Continental Motors this week. The Wyant & Cannon foundry will |reopen ‘with 400 men within the next | few days. Notes. PITTSBURGH, October 15 (Speclal). ~—Architects and contractors e ac- ! cusing manufacturers and dealers in | building materiais here of checking building_ operations by advancing prices The manufacturers and deal- ers defend their position, declaring | the laws of supply and demand. An advance of about 10 per cent for al! grades of lumber has been put into effect. First-class face brick is quot- jed at $28 a thousand and common ibrick at $16 a thous' nd. Cement, how- is selling at 33, a reduction of all from priecs of last y | pla; has suffere darop. Th. { small Jot . and pr are v authorities have ap- ved an appropriation of $35,000 for _street improvements »s a measure to {aid relief of the unemployed. Camden county algo Is taking measures to open road construction work with a similar object. DIVIDENDS DECLARED. Stoek of | Record. {Am_ Ry t 1 3 1 1 NEW YORK BANK STATEW SW YORK. October 15.—The a mdition of the elearing hou s and trust companies for th k shows that they hold $39,0 erve in excess of legal requir This is an increase of $11,- 094,210 from last week. PLANS TO REDUCE DEBT. YORK., October 15.—The is prepared ake on November 1 a second pay- ment of 10 per cent, following the payment August 1 on its original banking loan of $20,000.000, extended earlier in_th ar, thus bringing down its indebtedness to $16.000.000, contrast and to $£43.000,000 in ‘acceptances due in notes in — Blentrie cont. So—41 FTER CALL. Potomac_Flecttic G, M. 681000 at 07, O emac Etectric cons. 5o—41,000 at 85%. BONDS. Bid and Asked Prices. PUBLIO UTILITY. —S— 1 ‘-5&IShares Off About boi that price advances sre justified by, a correeponding ; J quoted on N. J, October 15 (Spe-| Bd American Tel. and ... 8% T e B . Tel. and_ Tel. conv. 6s. 102 1] e AR AL Steel and Pierce e 8 Arrow Firm. - N o Georgetowa Gau tat 5o o BY STULZRT P. WEST. Potomac Electric Light £ NEW YORK, October 15.—W, Potor I 8% street devoted most of its attent Washing! Washington hizgton Wash. Rwy. and Elec. G. MISCELLANEOUS, { Riggs Realty 58 (long Riggs Realty Ss (shori). Waxhiogton Muiket 5s (1 s _(1947) ton Market W ol Btorae ‘5a.. STOCKS. PUBLIO_UTILITIES + American Tel. and Telga. Capital Traction hington Gas and Wi T American Security and Trust ntinental Trost .. BAVINGS ®A! Commerce and Bavinge. East Washington .. Merchants' . o Security Bavings and Com | Beventh Btowt Say i Unwon Suvi as U. 8. Baviogs Was eigion Mechanies® FIRE INSURANCE, American 8 u8RENEGE =3 & & i TITLE INSURANCI Columbin Title | Real Estate Tité MIBCELLANEOUS, 2a 8 Columbia s 3% Columi: D. C Mercian w ergentimier Linotrpe . 01 *Dutch Market o Old Duich Market pfd. Laustou Monotype ! Security | Washington Marke | *Ex-dividena. i Suorage 130 shows net after expenses, interest, taxes, 1510,54 | year. Gross revenues, includin |compared _ with $91,544,687, charges for maintenance, repairs depreciation $13,677,100, against 671.277. WESTERN UNION DECLINES. | e e A orn | RAtes were back to the highest poi e e s coeer® i since last spring, and to within 1itt 5 more than 10 cents of tie top of t temoer | for the uine monthe ended oD oen Year. reached before the German | preciation, etc., which compares with | their depressing influence. 5,000 in the same period of last | idends and interest were $78,925,600. fore the B88Y ’ de:y to the railway situation. Sel ing of the railway shares continu Their decline did not, however, ha the effect it did vesterday upon ot! parts of the list. Industrial shar with few exceptions, were steudy, a there were numercus advances, es) eially in the oil and motor groups. The appearance of the plan which the rallway heads throw do .| thetr gauntlet by making a rate duetion dependent upon a furt lowering of wages did not change situation as it appears in the view the investment community There may be a strik yway, fore the companies are able to ¢ force the award of last July. A strike would, howe be abs lutely certain were the men told th) they ‘must accept another 10 per cef cut. Butf it is very d ful wheth the crisis would be velop that far. If adopted the 10 per o appears utho <12 thy stil] the Washington would 3 the fear rona very real one that the rai dilemma will not be solved through some sort of compromis which the carrters will h to | linquish through rate reduction sor of the advantange they gained by t decrease in the wage scale thr) months ago. Great Northern preferred a Northern Pacific were the weake among the rails, evidently because t maintenance of their full dividen: :1is_sufficiently uncertain as it is The St. Paul, Reading. Pennsylvan! and Western Pacific were others th were noticeably under pressure. Olls Open Firm. 0il stocks were higher at the <ty falling away later. yet, neverthels iholding their ground fairly well Active short covering in Pierce-A row issues, accompanying reports business improvement, iad a syt ! pathetic effect upon the other motoq , German marks had another bal {break, getting well below the 7-mil |mv(—|. At the same time sterling, stil fee {ing the reduced movement of stap) with the consequent lessened supp| of commercial bills, was very stron de- | demnity operations began to exerc Pressing on Rails. Selling orders had accumulated by opening this morning and | through the railway list. ‘Llhe; canl 20d mostly from out of town and repr $12- lsented the speculative followi l\\'hu‘h had not b {terday’s weakne Sev = Colonial style Siatrinne What's Werth g large reception Building is Worth :.fi'“'-“:':" || hall, modern . por . tiled bath. Building Well i That’s the dominant idea of the builder in the erection of the NEW BRINKLEY HOMES So Well Located at ‘ 8th St. and Buchanan N.W. | Willett Heights, Virginia 109 Building Lots 5 2-10 miles from White House; price $75 to $475; located on Chain Bridge Road opposite Mt. Olivet Methodist Church, 3 minutes’ walk of Lacey Station on Wash. & Old Dominion Railway (15 minutes George- town), 7 or 8 minutes’ walk of Lacey Station on Falls Church line (28 minutes 12th-Pennsylvania Ave. N.W.) Best service out Washington! SACRIFICE PRICES for quick sales. Ground lies well, very high elevation, 316 feet, many attractive building sites. Prices ridicu- lously low; terms very easy. Sizes: Some large as 65 feet front, 231 feet deep, smallest 50 feet front, 125 feet deep. (47 more than ¥ acre, sidewalks in front of them, hedge planted, young shade trees set out.) TWO LARGE SIGNS ON PROPERTY TERMS 32 Lots | $2500 Cash Now SOLD $12.00 Month Includes Interest 6% To Well Satisfied Purchasers HOW TO REACH ON ELECTRIC CARS Take 12th and Pa. ave. line to Lacey Station, 28 minutes’ ride. Get off, walk north to property, ahout 7 or 8 minutes’ walk, or take car at 36th and M sts. (Washington and Old Dominion railway, Bluemont brapch), get off at Lacey Station, walk north to property, 3 minutes. BY AUTO Cross Aqueduct bridge, through Cherrydale to Living- stoneHeights, turn south at Livingstone Heights. and you are at property; by way of Clarendon, on main Falls Church road, turn at Lacey Station and you are only short distance from property, located on Main road between Ballston and Livingstone Heights, directly opposite Mt. Olivet Church. Lots plainly marked—in center of each lot. Inspect any time. LOTS WILL BE SOLD! No reservations. First come first served. Come early, see what is offered for sale; if suit- ed (that is, fully satisfied), you are getting 100 cents’ value for every dollar you pay, buy the lot you like best. For rices refer to blue prints, which will be given you an ground. rices plainly marked. You can inspect lots yourself; take all the time you want. THESE PRICES ARE ONLY ABOUT 4 cents per sq. ft. Figure it out for yourself. Other sub- divisions adjoining this are much higher in price. prices, all information at office. Will be on day Sunday, October 16th, 10 a.m. until dark. Gladly ve any information. Come out Sunday, see for yourself. S'ricen ow. Lots will go very fast. ‘Subdivision high, dry, cool and healthy. Lots well located, close to Washington. Don't take my word for this. Look at several other subdivisions first, and then you will be convinced that these statements are facts. WALTER O’HARA I Specialise in Nearby Virginia Agent 1309 H St. N.W. Phone Main 4928 . Plats, ground all replete with everything mode: Hot water heat, electrice ity, heavy oak floors. Buchanan Take 9th St. Cars to One Square East the highest and best location in Petworth. Come out to the houses and see for yourself these high quality homes T, Reasonable Terms Floored attic, large lot to public alley, and Walk Wm. P. Normoyle 810 F St. N.W. jened strike, who belated li stocks of roads which have unde gone the least improvement fron {12 per cent wage reduc £ J !The theory was thal they ones which had most at siake in t outcome, Which now seems ve: !doubtful, of the effort of the exec itives to drive a bargain by which ‘rate reduction is coutingent upon ‘further 10 per cent cut in wa jscales. l St. Paul and New Haven. ‘The share of roads which ‘are sti |failing to cover fixed charges ha their main sinking spells vesterd. | but they were weak again this mor: {ing. Great Northern preferrcd wa driven down because it is none to {sure of its 7 per ccnt dividends unde ipresent conditions and certain! | would not at all be sure of them rates were to be lowered without full compensation throush lows I|! wages. Western Pacific m \dow when i1 broke thr i This stock has been acting L !some time because of un |earnings. H American Wool. { It was reported this me {a subsidiary of the Am i} {Company was in the mar! il fresh funds which were to b {working capital. This b il which is being arranged at {was said not to mean that the pany was in_actual need of 1]183.000.600 to £4.000.000 wanted, by il thiat it simply wished to be on th safe side in order to take cure of i <reased business. 1 H ———— CURB STOCKS. Quotations furnished by W. B. Hibbe & Co !Adnl Explosives Alited 0f | Arkupsus {|i Bie Ledge Nine and Ten— churches just outside Par than rent. equipped. Take Chevy Chase cars stop north Bureau of Stand: cars to Windom Street. R. E. Hamilton Buy a Cottage in Group Nine or Ten We’re just completing these Cottages in Group Armsleigh Park —and they add their charming neighborliness to the other eight groups—making a very attractive community—exclusive and select. Within reach of everything—downtown quickly—stores, schools, k. $1000 Cash—that’s all! —required—and the balance will be easier to pay Complete Homes—wholly detached—and fully . Open for inspection every day and evening. Phone me at Cleveland 1490—or come to 4415 3%th St. I'm there all the time. to Albemarle Street (first ards) or Wisconsin Avenue Owner's Representative 4415 39th Street { Caledonia . Calumet atd 4% teitten Semni § Cities Service ptd. | Columbian Emerald Consolidated Ccpper. | Coutiwental Moto.s i Commonwealth Fins ! Grunada Oil - Hecla | Hercule: ; | Intercon iuenal Rubiier Interna fopal Pétroleum ‘(tew) |Jeiome Verde . {Kay County | Luke Turpe, { Lone Star « { Magma _Copper. Mura.aibo Uil Noble Uil ard G i Norun Amer. £, wad P Northwestern Oil ... Omar Oil (new Perfection { Prouucers und Refiners. T. 8. Ship Col 7| T. 8. Steamship i Cuited Hetail C United Texns - Warren Bros.