Evening Star Newspaper, June 17, 1922, Page 16

REAL ESTATE Exhibit House 5303 13th St. N. W. All rooms are large and airy. Extra large concrete porches. Positively the best location in the city. - To inspect, take 14th St. car to Ingraham St. Open and lighted today and Sunday until 9 P.M. D. J. DUNIGAN 1321 New York Ave. N.W. E!!flmlm||||||||||||]||||||fl|flmmmmflflflmmflflmmmm“fl"“lm"“"“m|'|'m|||flflmmflmmmnflmmmflfl[flflmmmmmfllmmmflmfll|lmflnm Phone Main 1267 = = — shmead Place Homes Just Off Connecticut Avenue in Washington Heights Built by C. H. Small to last, not merely to sell. The only new homes in this exclusive residential district. Y 24 feet wide and of sufficient depth to give very large . rooms. Four bedrooms, glass-inclosed sleeping porch, two baths, large built-in garage and servant’s room in base- ment. We regard these as exceptionally good homes—at a price that is rea- sonable. They are well worth looking at and are open for your conven- ience every day and evening. ! Sample House, 2324 Ashmead Place v EER aod osSorvficO EXCLUSIVE AGENTS “azinu Main 4752 1415 Eye St. Five Sold, Only Three Left Of the Eight Beautiful Two-Story Bungalow Homes In Our Wonderful Chevy Chase Operation! - An Operation, in Fine Homes to Cover an Entire Square—On the Heights of Chevy Chase—Beautiful, Delightful, and with an Environment That Is Ideal Only three remain unsold. Don’t delay inspection and decision, else - the yery home you most desire will go to another, and you will be denied the delightful summer and the future of real home satisfaction that will come with ownership of one of these lovely homes. $1,500 Cash and Balance. Like Rent! Houses Open Every Day and Evening Dunng the Week, with Representatives on Premises Take Chevy Chase Cars to Jocelyn St. Walk Two Squares West 813 15th St. N.W. Also See Our New Large Houses 39th and Jocelyn Sts. g NATONWIDE BOON | INBULDING SEEN i'Straus Finds Increasing De- mand for Non-Resi- dential Type. Indications that the national build- ing’ tndustry has attained boom pro- portions are seen by S. W. Straus of i New York. . “There is every indication at pres- ent that unusual activities in the | bullding situation will continue throughout the present season,” he asserts. “There is u steady inquiry for capital for bullding purposes with an increasing demand for buildings of non-residential type. Apartment houses and apartment house hotels of large dimension also are growing in demand in the larger citles. “While the present extensive build- ing developments are greatly alding the housing situation and are equal- izzing the wide margin which has oxisted between supply and demand, it is to be borne in mind that, as the standard of living improves in America and as new convenlences and arrangements are developed in apartment house construction, there is a correspondingly increased de- mand developed. 1Tt is to be expected that a strong and steady demand for high-class apartment houses will be sustained. “There is every indication that the labor and. material situation, taken from the standpoint of the nation in general, is quite well stabilized. It is not apparent that anything will be gained by holding off for better prices, although with the continua- tion of present actlvities there will be shortages of both materfal and labor at various times and places. But there is no apparent reason why cur- rent building activities should not move along steadily throughout the season.” total were: $63,817,000, or 18 pe: cent, for public works and utilities; 15,000, or 16 r cent, for busi- bulldings; $32,925,000, or 9 cent, for educational buildings, $23,893,000, or 7 per cent, for indus- trial plants. Contemplated nmew work reported r | during the month amounted to $519. 414,000, —_— The National Association of Ice Cream Manufacturers will hold its annual convention at Cleveland dur- ing the third week of August. \ tho menth’s tota). During the first 357, time is fast approsching when |filve months of this year the amount of residential condtruction started has double that of the corre- » 8 period of last year. Other important items in. the May 39 per cent o the better within the next few week ek ot 01 half of the preceding ares of ex- pansion will be offset. When this time comes it can be truly sald that we have turnéd the corner. This does not mean that we are abeut 10 enter & period of prosperity, but if does mean ghat w ‘home stretoh and have the worst. The Babson chart index today stands at 17 per cent below normal. This is dge to the increased building which is evident throughout the country. Moreover, this building boom is only beginning. We may expect & real scarcity in certain classes of labor during the balance of the yea A are on the Built as the Individual Would Build For Himself MID ATLANTIC BUILDING IN MAY UP 12 PER CENT Total Value of $54,652,000 One- Fourth Higher Than Same Month Year Ago. Building contracts awarded during May in the middle Atlantic states, in- cluding the District of Columbla. amounted in value to $54,052,000—an increase of 12 per cent over figures for. the previous month, the Dodge Company reports. The May total a]so oclipsed the contracts for the same month a year ago by 25 per cent. Total construction started in the first five months of this year in these states has amounted to $199,471,000, a considerable increase over the cor- responding period of last year. The May figures Included the fol- $22,434,000, or 41 per cent, for residential bulldings; $11.- 378,000, or 20 per cent. for public works and utilities; $8,247,000, or 15 per cent, for business buildings, and $4,650,000, or 8 per cent, for indus- trial plants. Contemplated new work reported during the $59,481,300. May was a record-breaking month of construction throughout the coun- try, according to the Dodge Company. All previous records were broken in April; May building contracts passed the April total with a margin of 3 per cent. The May total for the twenty-seven northeastern states was $362,580,000, which was 50 per cent lowing items: month amounted to FINANCE AND TRADE CONDITIONS. (Continued from Fourteenth Page.) between Germany, England and France regarding the German repara- tions. If this is so, it should be dis- tinct Impetus to business, both by causing Europe to buy from this country and glving this country confl- dence to loan Europe. Although no change has taken place in the Rus- islan situation during the past week, et signs even in Russia are favor- able at the moment. For the first time in many years things look en- couraging in Europe. “The strike situation in New Eng- land is gradually clearing up. The strike in Providence is about over and production n all the mill cities is gradually increasing. It ls be- lieved that mills will have all the men they desire after the Fourth of July. Another factor helping the mill situation is the fact that many of the dissatisfied employes are get- ting positions elsewhere. There 15 considerable demand for common labor today. Many of the striking cmployes from the textile and other mills have been able to get a satis- factory wage in connection with the building and other _trades. Thus there is very little suffering or hard- ship In these mill cities. The strikes may never be officially declared off. They may be ended by the mill own- ers securing other employes from the country districts, who have never be- fore worked in the mills, and by the old mill workers getting positions in other lines of activity. The strike 18 developing largely into a swapping of jobs. So far as the general welfare of the country Is concerned, this is as satisfactory as to have the strik- ers go back. The average business man is primarily interested in hav- ing people employed, and to business as a whole it makes little difference for whom Individuals work, Pending Ratlway Strike. “I prophesy that the threatened Irailway strike will end by the men shifting jobs. These men engaged in the maintenance of way are largely men who have not been able to secure positions in trades. Under present business conditions the cut is justi- fled, as these men could not secure elsewhere a wage equivalent to,what the railroads are now paying them. If, however, business hegins to im- prove this summer and the demand for labor increases, it is very prob- able that the best of these mainte- nance of way men will get positions in the building and other trades, while the railroads will import a new lot of men from the country. “For the past year or two we have seen in the papers accounts merely of wage cuts. Reductions have run all the way from 10 per cent to 50 per cent, with an average of about 26 per cent. I should not be sur- prised to see some advances from this time on. The Firestone Tire and Rubber Company of Akron, Ohio, has already advanced wages 10 per oent. Other concerns which are temporarily short of labor are offering more money. It is, however, interesting to note that the labor unions were not successful in holding up wages at the time of the decline and are not forcing increase at this tinte. History is simply repeating itself. The law of supply and demand det mines wages as it determines price: If business begins to pick up this summer, as I anticipate it will, the demand’ for labor will increase. Owing to the fact that immigration has been cut off, this will necessarily cause employers to bid against one another and wages will again go up, for a time at least. Considering & long period of years into the future, the trend of wages may continue downward, but a temporary upturn would not be surprising. “The Babson chart on business con- i —l Close to 16th St. I Semi-Detached Remarkable Home Value Do Not Fail to Inspect 1713 IRVING STREET N.W. 8 ROOMS — 2 BATHS 5 PORCHES—GARAGE Exclusive Environment Complete in Every Detail EASY TERMS Must Be Seen to Be Appreciated Mt. Pleasant car to Irving Street and walk west one-half square. Open and Lighted Until 9 P.M. Representative on Premises. Your Own Broker or Thrift Building Co., Owner Union Trust Bldg. Main 768 ditions fs. scting in & very peculiar|gil preVious records in May, amount- way and is -u,cuun of a turn !o.l: fn‘ to $140,933,000, greater than the figure for the eoru-' sponding month of last year. These two record months have to $1,325,965.000, the highest recorded | e A 2 figure for the first five months of any 7 % = &% The revival has now become gen- eral. Very large Increases were re- the east. Residential building contracts broke e e These new homes, offering widest range in design and arrangement, embodying all of the most modern features in fine house construction; Park - Bethseda Blue Granite or frame cofistruction, hardwood parquetry i/ Massachusetts Avenue west flooring, kelvinator ice-making equipment, built-in garages, cedar closets, i/ < 32d and i g:tc}lx(ctfr;d;\ssr:ficto Unq::s- p Sample house corner 39th and Jocelyn streets, furnished com- v pletely by W. B. Moses & Sons. Open all day Sunday and every after- Il and villa sites. Prices most reasonable. Price plat at . . i Middaugh & WA E | Shannon, Inc. 813 15th St. N.W. S & ol ) Main 2430 I . . The Best Home Buy in the City brdught the volume of construction year._ The year to date ig 61 per cent . . i Homes of Charm, Beauty and Character || corded in the central western states, s Massachusetts large, splendidly built and attractive from every viewpoint, comprise the of Sheridan Circle to near open fire places, breakfast rooms, sun parlors, sleeping porches, living tionably Washington’s best e e o i $ LRE: l office and 32d and Cathedral Established 1899, Main €335, Temth Floor. started from January 1 to June 1 up ahead of last year. which hereofore have lagged béhind - . k In Exclusive Chevy Chase l Avenue best offering in fine homes in Chevy Chase. i Connecticut Avenue Bridge. porches, exceptionally large lots and unusually good location. it home section. Wooded lots $3,500 Cash and Balance Monthly i Avenue (Woodley Road). Woodward Bldg., 15th and H $7,450—$1,000 Cash—$75.00 . Oper and Lighted 1 On eS O L D Over:::kinz B First Week City Until 9 P.M. Built By Our Own Organization Thereby Eliminating Contractors’ Profits Take 9th St. Car To Georgia ave. and Kennedy — walk one block north to Long- fellow and two east to houses. Take 14th St.Car Marked Takoma, get off at 7th and Ken- nedy and walk one block north to houses. Heating System Hot-water heat. Lighting System Electricity; floor plugs for vacuum service. Built by union day labor. Construction Plan - Six spacious rooms, tile bath with built-in fixtures, service and . breakfast porches, pan- try, closet spacein each- room. Extra large sleeping porch. Brick, steel and con- crete; concrete floor in the cellar; hardwood floors. Finish Ivory and mahogany. Deep lot. Phone Our Office Week Days for Auto 3 OWNERS AND BUILDERS Main 617