Evening Star Newspaper, January 20, 1923, Page 14

' REAL ESTATE. - LUNBER ACTVE | DESPE SEASON ast Week Second Only to Peak- Period in May, 1922. oty e e 7 o {There has been no customary mid- inter slackening up in the lumber dustry, according to reports of ac- Wvity last week received at hemd- arters here of the National Lumber Sanufacturers’ Association. iDefying all lumber trade traditions & midwinter dullness, new business P last week was the second only ® a ffealk week last May in the recent hronicles of the industry. Shipments ere near the record, too, being ex- tded within a year by only those a few weeks last summer. On the ather hand, owing to weather condi- jins and repairing operations, pro- dpetion was about the €ame as a year go. The result of these Varying is that for all the 362 mills re- rting this 8 per cent and orders 16 production. For the Eflulher\l pine he precentages were 127 and and for west coast c- ~Actual Production. 78 Per'Cent. mpared with their normal pro for the week 336 of the re-| gave actual production shipments 105 per cent s per cent. the country by regions, the Pine Manufacturers' As- reports from Minneapolis nine mills reporting only w A orde ‘Tnl Narthern mciatior hat of fpur are sawing 5 AThe Western Pine Manufacturers Association wires from Portland, Ore. at of thirty-four identical mills in in the reports sixteem, the last week, are operating. pine orders increased 14 per ipments 30 per cent and pro- per cent compared with the ious week. The predominating mand is for mised stocks for re- Francisco the Califoraia edwood Association reports that the arder file of its member mills is the est for any week in five years, W production well in excess of rmal and shipments satisfactory. $Tho Southern Pine Association re- wris 1 New Orleans that the el mew business for its member gllls reporting to° the exceptional fure of 111,986,532 feet % Western Business Heavy. & rom Seattle the West Coast Lum- hermen’s 1ls “took on the heaviest volume business in the history of nz industry, the total 00 feet, of which 38 sken for future water Domestic cargo orders d to 31,787,000 feet and ex- It orders to 12,187,000 feet. Ship- nts also broke all previous week- records, with a total of 100.300,000 fget, of which 41 per cent moved by wwater. Production was 18 per cent bh®ow normal, due to continued heavy rains and un cedented high water, which has prevented getting logs fyom the camp booming grounds to ."“In the comst producing ing for thirty Qays. On the Columbia river last \geek only three mills were able to \perate on account of high water. The unfilled orders at west cou_ty ills slightly exceed 500.000,000 feet. From Cadillac, Mich., the Michigan Hardwood Manufacturers’ Associa- tlon reports that December shipments exceeded production by 40 per cent And that the outlook for the input of logs exceeds the cut of last year 16 per cent. On account of ex- t¥emely cold weather many locomo- iives have been put out of commis- sion, being in such a condition * e¥ ought to E0 to the scrap hea; d the supply of cars is not good. Last Year Set Record. In view of the vigor the lumber in- dustry shows in the ‘first weeks of 1923, it is significant that, according 19 a revision of the estimated output of lumber of all sorts in the United States in 1 made by the depart- ment of economics of the National Lumber Manufacturers’ production in 1922 was probably ut 4,000,000,000 feet larger than atea in a “release” issued on De- cember 30, based upon incomplete re. output of the mill of seven associations reporting week ly to the national association wai 11.200,000,000 feet, and in view of th preliminary output in 1921, published yesterday, and other data, it is believed that this mount is 31 . which would in that case be #pproximat 36,000,000,000 feet, It s probable that when the final estimates are complled a year or so hence by the census bu- rpau and the forest service they may Ro as high as 37.000,000,000, but not 5.000,000.000 feet. Ex- cept in' the industrial census years, all figures on total lumber output in he United States are estimates based on reports from a part of the mi 2, e T APARTMENTS THE ST. ALBANS Situated the south end Bridge, overlooking beautiful Rock Creek valley. Apartments of Two, Three and Four Rooms with Bath and Balcony New building of fireproof construction. equipment, with two electric elevators. For Reservations See MANAGER On Premises I 1 There 1s a large lot and a built-in week shipments were) § per cent ' ‘Association reports that its; Association, | census report on lumber | per cent of the! T2REALTY SLES TOTAL 15200 Bauman & Heinzman An- nounce List of Transactions Recently Completed. Twelve real estate transactions in- volving properties valued at approxi- mately $152,000 were announced to- day by the firm of Bauman & Heinz- man. Premises 216 Indiana avenue north- west, was sold to Olive M. Crabtree This is a having for Bugene Simmons. three-story briok residence, nine rooms and bath. Property at 730 Hobart street northwest was sold for J. t Gray to Harry A. Wasserman. s Mary J. Child sold to Q. L. Imlay a seven-room and bath bungalow, located at 2804 £0th street northeast. garage. Premises 5419 7th street northwest jwas sold for Charles J. Walker to Joseph H. Murphy and Elise Murphy. This is a new six-room and bath {house of the colonial type, having {hot-water heat and electricity. The purchaser will occupy it &8 a home. A dwelling at 502 Madison street northwest was sold ‘W. A. Duni- gan to P. J. Cooksey. This new 1 colonial home will be occupied by the i purchaser as a home. | ther Transfers Note: | Other properties aftected tollow: | XNo. 1636 A strest northeast, a six- jroom brick home, located near the inew Eastern High School, sold for Ethel Stewart to Mrs. M. L. Hedg 1743 Hobart street norihwest, sold for : Joseph H. Murphy to a local investo: 11406 Girard street northwest, sold for i Mrs. Helen L. Padgett to Charles D. , Kenney: 1819 Monroe street north- | west, sold for Howenstein { Company, Inc., to Blanche K. Walker, jxho will occupy the property: 1805 Newton street northwest, a three- | story modern brick homs, sold for Millard F. Alley to Julia' Fennelly, who will occupy the house ay a home, and 1404 Girard street north- west, sold for Mrs. Hanna to Edward {Bateman. The latter is a_modern ten-room home which, after improve- ments are made, will be occupied by the purchaser. i i HOW TO RESIZE RUG. | Many Curl and Wrinkle After Cleaning. After cieaning, many rugs. to the con- sternation of the housewife, begin to curl up or to wrinkle. Thiséis because the sizing qn the back has worn off and resizing will pay for tself by add- ing_to the duradility of the rug as well a5 by making it look much better. To resize the rug should be stretched tight and true and should be tacked at { fraquent intervals, face down on a floor, | where it can remain undisturbed. It | hould then be sprinkled generousiy with ! a solution made by soaking and dis-} solving one-fourth of a pound of fiake glue in_one-half gallon of water in a i double doiler or a container surrounded by hot water. The rug should be al- lowed to dry for at least twenty-four | hours. 12 it is a lightweight rug care should be taken not to put on 80 much glue that the substance will peneirate to the upper side. The reported cut of 15,731 mill, l||»l nounced by the census bureau for 1921, 1s practically 27.000,000,000 feet, and the aatual cut was probably at least 2,000,000.000 feet greater. Ir the 1923 cut is put at 36,000.000,000 it holds the record eince 1917, which was_ 86,000,000,000, as estimated by the forest service. I, way at Rodman street morthwest for the southeast corner of Commecticut Gibbon White. It will cost pproximately $225,000. Sterm & Tomlinson are the architects, Finance and Trade Condltlohs] -Viewed By Roger W. Babson- y this oty WELLESLEY HILLS, Mass, Janu- ary 20.—"T don’t know which is more perilous: To disregard the business cycle altogether or to get & smatter- ing of it without really understand- ing 1t,” says Roger W. Babsen in 2 statement issued today:r “Many ex- ecutives think they have got the busi- ness cycle by the tall and that thetr fortunes are made. These superficial think: who have picked up ‘the business cycle’ as the latest catch plrase, are simply playing with edged tools and are goiug to get badly cut. “It is astounding how the public has taken up the idea. From boat black. stands to international con ferences the latest fad Is the busi ness cycle. If it~ were mersly talk littie harm would be done. But many business men, bankers, investors and government officials are making real commlitments on_the basis of an tm- aginary cycle. It is high time that somebody get up in medting and do some plain talking ‘and tell people that we are all sitting around = powder keg if we continue to cherish this delusion of a fixed cycle, No Fixed Business Cyeles. “Strictly speaking, there Is no such cycle,” continued Bat; U known stude Zvery, Satard well known stude to assuma that there will be three s (or other fixed interval) of overexpansion and then three years of depression, followed by another thres years of overexpansion and another three years of depression. To nine people out of ten this Is what the business cycle seems to mean—sa L Last 3107 12th is & serious blunder|had been trifiin| nt of business i resders of wri Srtlole interpreting nduscrisl 434 invostmont :::Bl-uu. [periodic procession of booms and bumps, each lasting the same number of-years. There is absolutely noth- ing in this idea and any executive who attempts to base his plans thereon will probably ruin the énter- prise for which he responsible. !The warning applies also to bankers, investors and statesmen. | “My advice 1s to get it out of your |head “immediately that business fluc- |tuates in three-year periods or any other fixed intervals, The real prin- ciple of the business movement is that of action and reaction, namaly, a pe- | ripd of overexpansion tends to be £0) 1lowed by an equivalent period of de- . And when I say ‘equiva activity prolonged | for several years I8 equivalent to ex- | treme activity of shorter duration. Bill Nearly Pald in Fult. | _“To take the latest example, thers |was a period of overexpansion cover- ing the years 1915-1819. This would |tend to be balanced by & compen- | sating period of depression. But this compensation might take a variety of {forms. 1f there had been a pro- diglous and excessive crash fn 1920, | 1asting only a year, this would have |been " sufficlent compensation. It ‘woulfl have offset four years of over- e soin. Or, if the decline in 1920 but dragged out |for years to come, this also would |be ‘suMotent compehsation. What |actually happened was a sharp de- |cline, not the worst imaginable, but {still ‘'n severs drop. The period has |already extended more - than two |vears.” Considering both the severity |of the drop and the time that ! One Street N.E. We offer an exceptional value in this beautiful home on 12th St. son Co., just compléted. rtheast (Brookland), built by Breuninger, Peder- The homes are built of Hytex brick and contain 6 rooms, tiled bath, attic, built-in brick coal bin, concrete front porch and spacious sleepi: oak floors througho ut, hot-wa for garage. gk ter heat and electrici Do Not Fail to Inspect Sunday Prices-and Terms Very Reasonable $100,000 Available to Buy Good 2d Trusts of 1, 2 & 3 year maturity; monthly or annual pay- ments. Private funds. Herman Schmidt ! 729 15th Street Main 2611 of the Connecticut Avenue Modern APARTMENTS 1915 SIXTEENTH STREET New Fireproof Building With Elevator Service Apartments of 2, 3 and 4 Rooms and Bath, Available About February 15th For Floor Plans and Reservations See o iasaaudidsnans | Thomas J. Fisher & Co., Inc. Rental 738 15th Street N.W. Agents Arlington Open Weck Days Until 9 P.M. Realty Co. Real Values in Real Homes 1627 K St. NW. Phone M. 3174 lIIIlIIIleMMMWMMWMWMMMMWMMMMIW‘% THE ARGONNE Columbia Road at 16th Street Apartments For Lease 1 room, bath, kitchen, rec. hall and porch to 5 rooms, 2 baths, kitchen and rec. hall. Ready for Occupancy March 1st and April 1st Office on Premises Telephone Columbia 4788 WILLIAM S. PHILLIPS Realtor “New Homes” 2 LEFT EVERY HOME-SEEKER SHOULD SEE BEFORE MAKING A FINAL SELECTION Built and Planned buying as a permanent investms Surrounded by —and located in a convenient, beauty places. outlay, —solve the high rent problem. Open and Lighted ‘928 15t overlooking Naval Observatory grounds—one of Washington's TERMS —not only put a family in a new comfortable home at a nominal BUT Don’t Fail To Inspect These Properties > Sample House, 2547 Wisconsin Avenue Sse Bepresentative on Premises. Chas. D. Sager OWNER AND BUILDER. “Headguarters for New Homes.* —with a conscientious regard and uppermost thought of home- ent. Elegant Homes healthy, high, homelike section Daily Until 9 P.M, Street N.W. - SATURDAY, elapsed, it is plain that we have near- 1y paid the bill in full. “By itself, time is meaningless. The question whether depression has las &d a month or a decade has no sig- nificance, whatsoever. itself, 1 tensity -means nothing. tion ‘whet depression drastic or trivial has no significance. However, when these two &re com- bined, when you get the product of time ‘and intensity, vou ere on a sound basis. This—and this only—is the true measure of depression and the real interpretation of the bus! reaction, there is another feattire of the that can safely be applied and avicet, lace in t! cle. The bond marke! ror el}m‘nl.:f lsyll ually far in the lead, declining or advancing befors other fac- tors show a change of trend. tock: market also has @ pronounced Though pot B0 Drompt as the security markets, buflding is somewhat in_ the van as com| lu ‘with other lihes of busines: utmv. Néar the other ex- tremetis r which is & lag- gard both_on she upswings the ownswings, Com different sec- tions, of the country, the manufactur- ing -donters tend to lead, and the re glons of production of raw material tend 1 hr Com| the quan! of business with yalue, quantity advances fors lue. In (phy! late for Prosperlty. “At the present juncture Wwhat would be the result of sudden and reckless inflation? This would mean that instead of progressing in an 1y way up from depr prosperity, we would" be attempting a short cut. We would be trying to evade the tail end of our quota of depression. ~ There would be & back which would last until that completed. At the ‘mo- is no sign of such infl The indications are that t! remaining fragment of the allotted d fon will be wiped out in due r declines be- -l.m" thlunllr)nb‘e\‘ do: sales ali cal quantity) ten nlg: before the cash register (amount of,sales in dollars). ruction {ndustry the num permits tends to decline before e in dollars. o thing of real importanc 18 not merely to kunow this sequence, ‘which is rly -lmpl:.tpropo-mon. but also to know how fast the period of depression or overexpansion is being run off. For exampie, early in 1920 the stoek market turned down. The retaller who noticed this reversal ate when. the and with a clean slate we shall probably be ready for the next period of prosperity. “Will our next period of prosperity b big or small? The question is cullarly difficult. After a big period of over-expansion, a big action, it practically certain that there will be a big period of depression, g re- action. Knowing the action, you can forecaet the reaction—but the rule is hard to work both wa To illus- trate, if you stretch a spring & cer- tain amount you can forecast ap- proximately what will be the rebound. But you can’t so easily foretell how far the spring will be stretched th next time. Hence periods of pro: perity or action are far more difficult to forecast than periods of depresston or_reaction. “However, we know that there is a general tendency toward equality. In other words, in the long run peri ods of prosperity tend to be about equal. They vary greatly in dura- tion, and_they vary greatly in in- tensity. But the intense periods are usually short and the mild periods are usually long, so that the area or mass is remarkably constant. Though the form of the next period of pros- perity is still unddetermined, we know in advance with reasonabie as- surance that its area or mass will approximately that of previous pe: ods. Shortly after it begun to develop there may be a clue to its probable form, whether intense and oderate and prolonged. this principle of action began to eweep ression, then t! Knowing how muoh presaion was due and how fast it way being worked off, and knowing also his relative position in the cycl the retailer could egtimate very close: 1y when his turn A Real Meaning of Cyel “To illustrate the real meaning of the business cycle one of the best analogies is to compare it with elec- tricity. Call prosperity eleetric power and suppose that you are entitled to 10,000 kilowatt hours. If you run your outfit at 10 kilowatts you last 1,000 hours. If at 1,000 kilowatts you 1ast only 10 hours. Or you can com- promise at 100 kilowatts and last 100 hours. The word ‘business cycle' is|{ really not the word to use. ‘Cycle’ fmplies time. Tt {8 area or mass which s the.important measurement. There is no real nesd of either overexpan- or depression. We could run along at o steady trend indefinitely. cycles practically eliminated. rinciple of action and reaction sound, but the popular Chevy Chase—West Bradley Lane Colonial brick house, overiooking the Chevy Chase Golf Course ; an unobstructed view of the Club House, Links and surrounding country; comparatively new % Substantially built and in first-class condi- tion, containing, first floor, large entrance and re- ception hall with open fireplace, library, sitting room, dining room, butler’s pantry and kitchen: second floor, 5 bedrooms and 2 baths: has all modern improvements, plumbing. heating and lighting. Spacious Grounds: Lot Is 100x200: 2-Car Brick Garage. Priced for Quick Sale Less Than i Reproduction Cost Thomas J. Fisher and Company, Inc. 738 15th St. N.W. Main 6830 UNUSUAL VAL REAL ESTAT REMOVE OLD WALLPAPER. The cost of removing old wallpaper for the purpose of repapering is o light in comparjson .with the advan tages of doing so that it should {always be done. It is'almost mpos: ble to tell how firmly the old pape: is fastened to the wall and the con traction of the new paper when dry ing is quite apt to cause it to lonsen and sooner or later pull off. Then again, the pattern of the old pape: especfally red figures, wiH frequentls show through the new paper after a time. ~ Of course, the paperhauge will be blamed, and rightly o, if he has not wgrned his customer tha such thing: the old conoeption of the eycle is both un- sound and dangerous. 'To be concrete, business statistically at normal. By the so- called ‘business cycle’ we are at a bad center. The Babson chart shows this vary clearly. But this i¢ no rea- son why we must stay thero or why the next movement will not be -for the better or. for the worse, It all depends upon how we mct—act to- ward one another arid act toward the rest of the-world. When Greed is en throned we are headed for depres- sion; when Service is in the saddle We are beaded for prosperity. . I there waB,less talk about ‘business cycles’ and more about ‘business ;l'h\cl’ it ‘would be better for all of (Copyight, 1923) i5. now. are apt to occur wheu wallpaper {8 not remov The slight additional cost is more One of the problems of life is to get |than saved by better resuits on ita our melghbors to love us as ve ourselves lade. L Mr. Property Owner Do our Repair Bills appear n your monthly statement? ‘Ask your Realtor to give us a trial Qurs Is a Superior Service Carow & Fry Plumbing Tinning 1011 H St. NW. Paperhanging Painting Main 1261 16 SOLD 2LEFT 1412 To 1508 Varnum St. Act Quickly Just Off Sixteenth St. 8 Rooms—2 Baths Large cement porch. epa- cious living room. open fire- place. bright dining room, beamed ‘celling, two sets French doors, breakfast porch, built-in Tefrigerator, white enamel rooms, two baths with built- in fixtures, instantaneous ter. hardwood floors throuzhout, many useful and attractive features. Lot 140 feet deep. Priced Reasonable e i Liberal Terms Exhibit House Open and Lighted Daily Until 9 P.M. These Homes Are Ungquestionably the Best Values in the City The Joseph Shapiro Company Owners and Bujlders 914 New York Ave. NW. Franklin 6918 WARNING 1308 to 1318 Buchanan Street N.W.! Have al| been sold except one. Better came out and see a real home of six large rooms, tile bath with shower, beamed ceiling in Dining Room, double back 2945 and 2951 Upton St. N.W. Near Connecticut Avenue and Convenient {o car line . New—Never Occupied Have eight spacious, well-arranged roams, fircpie: in living room, breakfast room, sleeping room (glas: in), hardwood floors throughout, two baths, one wi shower; electricity and hot-water heat. th These houses are of brick construction, semi-de- tached, with spacious side and rear yards. Ample space for large garage. s A better value is impossible to find on the present market. 8 - Open for Inspection Special Price and Terms Can Be Arranged Thomas J. Fisher & Co., Inc. 738 15th St. N.W. Main 683 A INSPECT NEW _HOMES Farragut St. Just Off Georgia Ave. (913 to 931) L Adjacent to Saul’s Subdivision 0 SOLD THIS WEEK P;lv'vce, $8,250 $1,000.00 Cash Interest and Principal Sl Six spacious rooms, tile bath, bardwood foots, bot-water heat, electric lights, et p wide :;i: _porch. Lots 20x100 feet to 15-foot alley. porches, concrete front porch. You may select vour own fixtures and paper. Monday Will Be Too Late EASY TERMS Open and Lighted Until 9 P.M. Daily SAMUEL SHAPIRO, INC. Owner and Builder 904 14th St. N.W. = e Close to 16th St. Reservoir 1411 Kennedy St. NW § Open Sunday from 1 to 6 «This. beautiful afl-brick; slate roof, colonial, center entrance home contains 12 large, delightful rooms, 3 tiled baths, lavatory and 10 real open fireplaces. All latest and modern improvements, Spacious inclosed sleeping porches. We will not attempt to further describe what a perfect home this is—come out Sunday afternoon and see for yourself. Ex&cmely Low Price—Terms WALTER A. BROWN EXCLUSIVE AGENTS 9" FLOYD E. DAVIS M 7 PP S7 A AP AP _1400 H-St. N.W. - ... Main-1653