Evening Star Newspaper, July 15, 1922, Page 15

ESTA REAL TE. " THE SATURDAY, JULY 15. Fra T Sy R 11922, 'REAL ESTATE. 14 Washington’s Growth Reflected in Real Estate and Building News' NATIONAL HONORS cluding the District of Columbla, amounted to $56,373,000, according to the F. W. Dodge Company’s review of bullding activity. This represents an increase of 3 per cent over figures for the preceding month and 75 per cent over those for the corresponding month last year. Total construction started during the first half of this year has amount- led to $265.844,000, an increase of 59 per cent over the first half of 1921. On the record of the first half of the year, residential construction, amounting to $114,169,000, has run to double the volume of last year: public works and utilitles, $45.401,000, are 15 per cent ahead of last year; mercantile a special committee of four to co- c--ns:;uc:lhm SliN ll|.00‘1‘i;“|s 84 ]‘7;; &‘:;n v S: ahead: educational bu! ngs. 622, operate with the Federal Real LJKI!Q} 000, are 89 per cent ahead, and in- Hoard, recently orgunized as a gov-|dustrial plants, $16,507,000, are 12 per ernmental function under the directcs | cent ahead. of the budget lnladmdunm l\lrr. Shan- $71.067.000 Contemplated. non has been appointed one of a com- ; 7 v v Mittee of three In charge of the re- | COREMPIICE, GeW e search work ot l‘he .\ull()nf‘l Associ- Bullding contracts awarded during ation of Real Estdte Boards. June in the twenty-seven northeast- Mr. Weaver was made a special Teb- | (;n states. according to the Dodge, resentative of the national assoctation | (onians™ amounted to $343.440,000. Shannon and Weaver Ap- pointed to Offices in Highest Body. Two Washington realtors, William E. Shannon and John L. Weaver, have just been appointed to responsible offices in the Natlonal Assoclation of Real Estate Boards, it was announced today by Johr A. Petty, executive sec- retary of the WasMington Real Es- tate Board. Mr. Shannon was selected as one of in its relations with the United! gy.ept for the record figures of April States Chamber of Commerce. and May of this year, this Is larger Both of these men received the | fhan anv previous monthly total. It honors at the first meeting of tRe| is only 5 per cent under the record new administrative board of the asso- May figure, and shows a 52 per cent June at ciation, organized early in { increase over June of laet year. the San Francisco convention under ( fhe revised constitution and by-laws. | The local board was represented at| The local board way represtannon. | ELEVEN BRICK HOUSES who was elected one of the directors | composing the board at the June con- | NOW BEING.BUILT vention, and by Mr. Weaver, who, as | past president of the National As- | sociation of Real Estate Boaras, is & ; < member of the advisory board 4 Three Stores Also Under Con In keeping with the growth an development of the organization and| Struction Among Improvements its work the board of directors au- | in Northwest Section. thorized a special committee to seek | larger and more suitable quarters for | the offices of the national lissoctation | Several building developments WASHINGTON IN AREA SHOWING GAIN IN BUILDING OPERATIONS The continucd’ high rate of activity has brought the total amount of con- struction started in the first six months ‘of this year up to $1.690.- 984,000, which (s by far the highest figure for the first half of any year. It is 59 per cent greater than the lllnrn for the six-month period of Items In Six Montha. i In the six months’ record are the following Items: $682,663,000 for residential construction., an increase of 89 per cent over the corresponding perlod of 1921; $288,933,000 for public works and utilities, being 19 per cent over last year; $280.329,000 for business buildings, 94 per cent more than last year: $164,641,000 for edu- cational bulldings. 58 per cent over last year and $123.181,000 for indus- trial plants, an increase of 42 per cent over the corresponding period’ of last year. Contemplated new work reported from January 1 to July 1 has amounted to slightly over three bil- lion dollars, compared with $1.690.- 600,000 for work actually started In the samec period. “It seems not unlikely that the re- maining summer months may show | a slight falling off from the extreme high rate of activity that has pre valled during the second quarter of | the year. However, there are locali- tien in the middle west where the revival has not yet gained the heai- | | wey that it has In the east. These | places may be expected to show in- oreases that will In a measure offset declines elsewhere,” the announce- ment points out. PREDIETS REALTY PRIGES WL RSE H. B. Douglanx ! house, 115 2d street morthe: in Chicazo the northwest section were announced Amoni the more progressive in-|today by the Morris Cafritz Com- novations ;lu{hul;zrd b{ h(lhfihlgnl:fr:::‘v“n)._ g board was establishme L e V}"l(\)l‘vlelgu s of an information| FEleven brick homes, of six rooms \reau to serve as a clearing house |and tile bath each, with numerous information and statistics for th boards throughout the|gq, ang Decatur streets northwest. pected that with the develop- | Two of these dwellings already have ment of this bureau, the work of the | been sold. Bacional association, and ;’:“_mu‘;;u'('l‘;f Three stores. with apartments facilitated by this ‘prompt means of | A0OVE: W "'\m"i:o":cjf,‘.’e:: i transmitting information on the or- | 118 ARG NACEOR ATel Y be on the shnization of real estate boards. as | ite opposite the M. G. Emery estate. of memi wollsavion;thele aperation ! The apartments will be of three and In dividing the assoclation into|f,yrrooms and bath each. Construc- territorial d\\lstuu_\ the District of tion will be of concrete, steel and ' Columbia was inciuded in the ter-|jp ik Completion is expected by fall. ritory comprisin Kentucky, West| “yr’ Cafritz also reported the sale Virginia, Maryland, Delaware. Ten-!g "yonn I, Vaeth of a group of four nessee, North Carolina and Virginia. | (00200 3*sixteen garages at 9th and This particular territory will be ToGs * oot B, C. Grant pur- supervised by Bruce Bowe of Rich-| mond, Vi, one of the vice presidents | yjorris Kraft acquired the store ad- of_the national association. | joining, 825 Upshur street, and six- The board of directors, which has|ieen garages, and Barney Robins direct control over the policles and | yoity € ihe two store properties, 827 activities of the natlonal assoclation. | 20 3%99 Upshur street. holds three meetings during the year | *"py 6 SUNIGT 7o' were sold before in addition to a meeting at the an-| . mujetion by this office. They are nual convention, The MIl meeting| ne.gtory brick structures. The ag- will be held in New York in October. | SReo0 "0 ngideration was about $50,- and it was definitely decided to hold | 55359 *as stated. the annual convention the last week | ——- in June in Cleveland. B e, chased the store at §23 Upshur street, Mount Pleasant and Kenyon streets, : it ‘was announced today by Willlam BUYS STORES’ SITE. R. Ellis, who handled the transaction. The lot has a frontage on Mount Louis Steerman of this city has pur- | Pleasant street of eighty feet and a chased from the estate of H. J. Heinz | depth on Kenyon street of 201 feet. of Pittsburgh, the unimproved prop- Mr. Steerman intends to erect five erty at the northwest corner of stores on the site, it is understood. ANNOUNCEMENT The many friends of GEORGE L. ISEMANN will be pleased to know that he is now with the Sales Dept. of MORRIS CAFRITZ CO., INC. MORRIS CAFRITZ CO: 913 15th St. NW 4005 Garrison St. N.W., Chevy Chase . Open Saturday and Sunday for Inspection Price, $10,000; $1,000 Cash, $75 Monthly Payments Fully detached pebbledashed home with e, large front and rear yardst Immense es. First floor has reception hall, living room, dining room, kitchen, try and porch; rooms trimmed in birch with oak floors. Beauti- ful mantels and electric fixtures. Lovely open stairway, 5 fine newly decorated and enameled bedrooms; 2 trunk rooms, full tiled bath. Heated with hot water; tubs and toilet in cellar.. Windows and doors have Chamberlain metal weather strip—in fact, a most complete home in a lovely neighbor- Steele Main 5082-5328 Davis & 1420 New York Ave. N.W. { features, are under construction at| the office of Charlex D. Sager. D. C. Dealer Says Vacant Lots Scarcer, Labor and Material Higher. Indications of a rise in real estate} are scen by R. L. McKeever, local realtor. He believes this increase will be caused by rising cost of labor and material and scarcity of vacant land. T'ae real estate market this summer will exceed records of other years! in the amount of property transfer- | red, Mr. McKeever prediots. He as.| A corner lot in Massachusetts Ave- o : nue Heights wa for Alford Haz- signs as the primary reason for this|zard to Adam F-ang Bessie A, Arnold, the fact that prospective buyers who:who expect to build. have been holding off with the idea of obtaining lower prices are becom- ing convinced, as he Is, that longer waiting is useless. Sales Total $360,000. Mr. McKeever's firm announced sales totaling more than $360,000 during the past two weeks. In connection with the office of N. L. Sansbury, one of the new Pre: homes at 1447 Spring place was sold to Arthur H. Smith for a considera- tion of $10,850. A corner brick house at 1641 R street was sold to Eugene A. Smith, for Mrs. Nannie D. Scott. aihe, Prick house at 3293 Champlain vas sold for Samuel Golden-| Mrs Grace Porter Hopkins was the berg to _Richard W. White, I purchaser of 2007 H(lllxple road. Lynn J. Irvin was the purchaser of | Premises 2017 Klingle road, a semi- the home of Elbert C. Gearhart, at|detached house, was sold to John F. 439 Quincy street. Wynkoop. ‘The business property consisting of ant ground at Store with apartments above, at 2145 P street, was sold for Mrs. Ella M Hanor to Max and Ben Warsaw, as an investment, A large tract of vacant ground at 16th and Emerson streets, running back to Piney Branch road, was sold to Fred T. Nesbit in connection with the office of Boss & Phelps. This tract of land has since been sold { through the office of McKeever & Goss | to Winfleld Preston. The consideration lin each deal was over $50,000. ! Premises 824 Allison street was purchased by Roy Helvestine from Harvey L. Halght i Buys New Renidence. Mrs. Nannie D. Scott purchased | from Kennedy Brothers premises 2003 Klingle road, a home recently com- pleted. Leslie A. Daley purchased for his home another of the Kennedy Broth- ers’ houses, 2004 Klingle road. Robert J. Berberich was the pur- chaser of 2011 Klingle road from Kennedy Brothers. In Sixteenth Street Highlands Mrs. Nettie C. Elsom purchased from Georee Dwyer a detached home on the i sireets. RIVERDALE HEIGHTS Riverdale and Edmondson Road Realize your longing for a home. Do you own that dearest spot on earth or does it belong to some other man and you simply buy from him the privilege of living there? , SPECIAL LOTS, $49 EASY TERMS This attractive bungalow may be had for carrying charges of $29 per month. Just think of the wonderful opportunity qou have in this growing home suburb. Practically a. part of tie splendid de- yelopment of “RIVERDALE. with its beautiful lomes, direct eiectric and steam car service, excellent roads right fnto the city, electric, gas and ice: stores. post office. etc. S ix {denlls situated for the man who wants to have all the pleasures of life try and still be near city com- forts. To inspect, take G street (Ar to Riverdale and get off at the post office: then walk east & few minutes to East Riverdale Station lles line. OF go to 15th and H streefs northeast; transfer there to car going to East Riverdale, directly on the = Come Out Sunday J. W. HOLLOWAY CO0. 1110 F St. Franklin 898 Send me full partieniars, etc., of lots at Riverdale Heights, without tions to me. 2947-2049-2951 Upton Street Near Connecticut Ave. 2 stories and attic, cement front porches; 8 rooms, 4 bed- rooms and 2 baths on second floor, hardwood floors, especially lanned and exceptionally well built, “particularly attractive. ave gas and electricity and hot-water heat. Lot 37x147. Paved Alley ater 10 clock tomorrouw, Sanda Thomas J. Fisher & Co., Inc. Main 6830 738 15th St. N.W. 2945 % purchased from J. A. M. Adal; for about $60,000, it was anncunced today by | the corner of [the residence as ' Tilden and Linnean avenues, SENATE APARTMENT HOUSE SOLD. The building Ix of fireproof construetion. over- looking Rock Creek Park, was sold for E. 8. Newman to John H. Bartistr, gecond assistant postmaster general. Col. Glendie B. Young was the pur- chaster of the home of Bertrand and Effie J. Bonham, at 1358 Harvard street. One of the houses just completed by Morris Cafritz at 557 Longfellow sireet was sold to Raymond L. Harris. Mrs. Jessle Porter Wood was the purchaser of one of Kennedy Broth- ers’ new homes, at 2013 Klingle road A house recently completed by Harris Shapiro, Two of the new homes built by C. H. Small, 2326 and 2322 Ashmead place, were sold to Dr. Warren Price and George C. Loomil HOME BRINGS $30,000 AT 1604 VARNUM ST. Mr. and Mrs. Claude Thigpen have purchased the recently built detached residence, 1604 Varnum street, from L. E. Breuninger & Sons for $30,000, it was announced today by the firm. This is a center-hall residence con- St corner of 14th and Holly | taining twelve rooms and four baths, located on a wide lot. The house con- tains many features. It was built by L. E. Breuninger & Sons. The sale was made by J. Paul Fow- ler of that firm. Mr. and Mrs. Thigpen will occupy their home. 1471 Girard street,| | was sold to James J. White. Bar an article inf WELLESLEY HILLS, Mass., Jyly 15. —During the past week Roger W. Bab- son has been in New York in consulta- tion with important raflway interests. He has returned belleving that a freight car shortage 1s inevitable this fall, and everything possible should be done to prevent it. Concerning the same, Mr. Babson states as follows: “There are various events which in- dicate a serifous congestion of freight this fall. First there is a real shortage of equipment in good condition. Thfough- out the war the equipment of most rail- roads was allowed to run down. Little was done to repair this equipment until this year. During the past few months raliroads have been endeavoring to do five years' repair work in one. As a re- sult a great many freight cars are efther in the process of being repaired or are waiting to be repaired. In either case they are out‘of service. It is true that many of these cars will be back in serv- ice by winter, but they will not be avail- able by fall. This means that there are fewer cars available today to haul freight than are usually available. “Usually the railroads haul their coal during the spring and summer. winter supply is usuully delivered by the raflroads during the summer months. Thus far this year very little coal has been hauled. ~Only immediate needs have been taken care of. more months remain before people will be starting their furnace fires. assumption that the miners will soon be back to work this means that the rallroads will be deluged with coal dur- ing the remainder of the year. Every avallable car capable of hauling coal will be pressed into teryce and the coal {tonnage should be very, very heavy. l ““The outlook today is for good crops this fall. At prevailing prices the farmers will want to sell their grain ! and move it at once. This means that the rallways will be called upon to move a tremendous amount of grain while they are attempting to move the coal. There are factors, which lead one to belleve that manufac- turing as a whole will be more ac- tive this fall than it has been at any time this year. Fundamental statis- tics indicate that the low point in ! business will be reached this summer. | Thus the rallroads will be taxed by ) hauling raw materials in general and manufactured products of all sorts.” Mr. Babson was then asked what effect such a congestion would have upon commodity prices and securi- ties. To t he replied as follows: reight car congestion inevitably leads to hicher prices. This is only natural as prices are determined, not f a city naturally usdes thirty car- i loads of potatoes a day, any day that there is a shortage of only two or three cars the price of all the po- day, when there is a surplus of only tatoes in that city goes up. Another day when there is a surplus of only two cars the price of all the pota- toes goes down. Price not deter- mined by the total quantity of a product_produced or consumed, but rather by that small percentage of surplus or shortage. A freight con- gestion this fall would inevitably lead to a shortage in certain raw materials and merchandise in some localities. As a result these com- modities will temporarily strengthen in price at these points. Such a re- sult is inevitable, “Strengthening commodity prices | are often—although not always—pre- ceded by strengthening security prices. ket. Thus a congestion of freight might mean both advancing com- modity and security prices. Further- Hot-Water Heat Electric Lights 7 Frank. 7485 First Showing of Open Daily Unusual Fixtures Refrigerator Finance and Trade Conditions .Viewed By Roger W. Babsos i 2y A g by R B The | Yet only ‘wol On _the | by costs, but by supply and demand. | The stock market usually dis- | counts rises in the commodity mar- | “WORK-LESS s writing for readers of and problems. more, in the case of a freight conges- tion, the railways should temporarily, at least, show very handsome earn- ings. Aiready the railways are show. ing very good earnings, owing to the high rates and reduced operating ex- penses, notwithstanding, the fact that they are hauling very little freight. If the time comes when the railroads will carry 100 per cent capacity, these earnings should be very large. Large rallroad earnings should tend for higher prices for rallroad securities. A word to_the wise is sufficlent.” General business, according to the index _figure of the Babsonchart, stands’ at 17 per cent below normal, the same as last week. RENTS IN BALTIMORE EXPECTED TO STAY UP Bome Being Raised to Level of Sur- rounding Apartments. Much Building. | Special Dispatch to The Star. BALTIMORE, July 15.—Plans to in- crease the rents of apartments are not general among apartment house owners }in Baltimore, according to Theopholis White, vice president of the Continental Trust Company, and in charge of half a dozen of the largest apartments here. “We are not making any plans to in- crease our rents,” said Mr, White, “for the reason that we believe the people {are paying all that they have the money {to pay. We are making leases at rates which we think will prevail for some |years. But those who are expecting the i prices of apartments to come down very much are going to be disappointed. |Costs of reproducing the houses are lower now than they were two years ago, but there are signs that such costs are going uj “What i8 a fair rent for an apartment now?" Mr. White was asked. For a five-room apartment in a modern apartment house, from $100 to $150 a month, varying according to lo- cation.” George R. Morris, president of the apartment corporation, which controls 2 number of apartments, notifying ten- ants in several of them of an increase of 10 per cent, sai ‘We are not ralsing our rents every where. We are merely equalizing our rents. We are raising the rent for apartments which have been lower than for like apartments in the same neigh- borhood. It is a question of supply and demand. “I do not think the rents of apart- !ments are going up generally. But neither do I think they are coming down. . “The cost of building, however, is {higher than it was a few months ago. {Much building is being done. Certain {concerns doing mill work are refusing to take orders for delivery earlier than four months hence. The increase in buiiding during the last few months has !been considerabie.” PLAN $75,000 THEATER. ‘Wisconsin Avenue House to Have Seating Capacity of 650. Plans for the construction of a mo- tion picture theater on Wisconsin ave- nue near P street, at a cost of ap- proximately $75.000, were disciosed to- day by the Federal Theaters Corpo- ration, promoting the project. The structure will be built on mod- ern lines of the best materials, it is stated. The auditorium will have 2 lseating capacity or 650 persom HOME” Until 9 PM. Pullman Dining Room Stationary Wash Tubs Nos. 2301 to 2319 Third Street, N.E. Tapestry brick, large Colonial front porch with brick columns. room, kitchenette, with full equipment and yet plenty of room for housekeeper. Rear porch. Cellar under the entire house. i Second floor. Two large, well-lighted bedrooms, with three closefs. Tiled bath with latest fixtures. All rooms have convenient floor plugs for vacuum cleaners and lamps. Everything arranged to make hqusekeeping easy. TO INSPECT Take the cars to 4th and Rhode Island Avenue N. E, walk one square west. Price and. Terms Price, .55,950-Pay'able $550 Cash, Balance $51.50 Month This includes all interest and a substantial payment on the principal. WAGGAMAN & BRAWNER, INC. 914 15th Washington Living room, dining NEW CONSTRUCTION TOCOST$1 0 Two Churchés and Twe Apartments Included in Projects Approved in Week. Construction operations calling for investments by local builders of more than $1,632,000 were provided for ir the list of building permits recordet during the past week in the office o the municipal bullding inspector. Two apartment houses, f'wo churche: and a number of residences were in . cluded in the approved projects. The list of.operations follows District of Celumbia Paper Ma facturing Company, to re r K st plant, $2,000. Breuninger & Pederson, to bufld siy p a- homes, 3103-3113 12th street north east; cost, $36,000. Standard Oil Cofupany, to bulld, 32) 14th street; cost, $6,200. W, F. Dennis, to build apartment 1028 16th street: cost, $350,000. ‘Woodridge Manufacturing Compan to build shops, 61 K street southe; cost, $9,800. D. F. Hewett, to build home. street and Woodley road; cost, $10,000 R. Kruter, to build, 3221 33 place; cost, $15,000. R. M. Martyn, to build, 3312 Ga fleld street; cost, $13,500. W. E. and N. M. Waggener, to build 124-130 U street northeast; cost $24,000. H. M. Bralove. to build, 1731 Park road; cost, $15,000. J. R. Ellerson, to build three homes 3511-3515 1daho avenue; cost, $24,000 J. C. Philips, to build four homes 855-856-859-860 Venable place; $8,500 E. A. Smith, to build three homes 3940-3944 Livingston street; cost $22,000. L. 8. Sholtes, to build, 3715 Living- ston street; cost, $11,000. S. 8. Dalton, to bufld, 623 Kenned) street and 5515-5517 7th street; cost $13,500. 8. S. Dalton, to build thirteer homes, 619-621 Kennedy street ant 5503-5513 and 1519 and 1529 Tt} street; cost, $58,500. Middaugh & Shannon, to bui 2846-2852 Connecticut avenue; ¢ $50,000. S. S. Dalton, to build, 7th street; cost, $59,00! Boss & Phelps, to build office build ing, 1415-1417 K str : cost, $180. S. E. Pfan, to buil 2812 Rh Island avenue northeast: cost, $4.0! A. Rosenbaum, to build at Haw i thorne and Jewett streets; cost 1 $3,000. Dickey Bros.. to build, 1624-162¢ Minnesota avenue; cost, $10,000. C. W. Fairfax, to repair, 1340 New | York avenue: cost, $25.000. Emery Methodist Church, to build 6104 Georgia avenue; cost, $60,000. F. Migdon, to build four home 224 street northeast; c fi st 01 and 553 $14.000. Lieberman & Kaufman, to buile apartment, 1915 16th street; cost $150,000. Roger Williams Memorial Chu | 16th street and Columbia road $105,000. Wiofield Preston. to build, 35 Hertford place; cost, $150.000 D J. Dunigan, to build seventeer i homes, 1204-1236 street cost, $119.000. D.’J. Dunigan. and homes, 22 cost, §25.000 W, P. Irwin. h am Ing: build three store: 33 Upshur street to b to Street northeast; cost, W. P. Irwin, to build street mortheast; cost, $3,000. Tiled Bath | Enameled Gas Range Street N.W.