Evening Star Newspaper, February 24, 1923, Page 14

REAL ESTATE Babson Reports New England - Industries Working Overtime Business Expert Says Six States Stand as Monument to What Can Be Done Through Thrift, Honesty and Service. g00d investment conditions of today. New England is the home of in- vestors. Hence, when stocks and 'bonds are low New England feels poor. Today, however, with a strong stock market and a good bond mar- ket. people money. This means that not only are the wage workers of New Eng- land buying merchandise, but the well-to-do are also freely épending money. To guote Mr. Ford: ‘In some sections 1 shall sell more Fords and in_other sections more Lincolns in 1923; but in New England I expect to 8ell more of both grades of cars. Land Surprisingly Cheap. “Land is still reasonable in price throughout these six states. People coming from other sections of the country are astonished at the low figures quoted on the finest suburban land, especially within ten miles of Boston. Good Jand for building, with ¢ |all_conveniences. such as water. gas |and electricity. can be bought for 12 cents a foot and the choicest lots can be secured at 30 cents. This means that the suburban development in New England should be very great |during the next few years. Conse- quently, there will be a keen demand forsbuilding matertals and both skill- ed and common labor. New England Is fast becoming the great summer playground of the United States—as people go to Florida and Callfornia in the winter, they visit New Eng- land in the summe “The growth of he summer busi- ness conference which we hold every |vear at Wellesley reflects this tend- ncy. Each vear, for three years. the Babson Institute been obiged to build a new and larger auditorium to take care of the visiting business men who came between July 25 and August 10 from all parts of the coun- try. Northfleld and the other confer- lence centers have had a similar ex- perience and we all are looking for ts; New Hamp- | ward to 1923 being our biggest year arc working full jever for high-grade summer resorts. woolen #nd most of the Wources of Wealth. ries of Massuchusetls an-l D 5 e TSl Ehcde Liandin sy en studying New England con- 'uinom it is most interesting to con- sider the sources of wealth in_ these ew Hampshire, etts. Rhode Is- They are al- They WELLESLEY HILLS, Mass., Febru- ary 24—Roger W. Babson at the be~’ nning of cach vear wmakes a per- nal trip of inspection throughout the United States, comparing actual conditions with those reflected by the statistics. Although his trip, cover- ing some thirty st and twenty- six leading is not yet complete, his finding: w England, as out- lined in authetic tatement given to- iat section of the coun- es depression which I was the During 192 s under the unemployment was_ pre: ut the v Bridgeport, Conn to really v ) entire cloud. in the 4 business depression. In ordance with the law of action and tion, New England would, there- ~ the first to recover. lmproved made their ap- 1f it I trikes been most of this se however, to these which were not settled untll rpart of the year— 1 bas held bac nabl st g from an ) crop—is enjoying ased demand for pulp, paper : the other indu busy, and as rapidly ut war work is gone | gix state ne forever—but the | Vermont, dware is growing. | and Connecticut. @ of suburban | most void of natural resources. {have no coal or irom, mo copper or * | other metals. The fields of New Eng- {1and are not fertile. I remember my | grandfather, who was a farmer in Sloucester, s | sessions were “rocks and bushes and to sell goods or a little religion.’ Great stone walls New England|on every farm are evidence that the y settlers certainly had rocks to end with. atistics show | New Engli to be her | thrift. honesty service. It has been these Intangible but all_important forces which have | made New England. These six states — Maine, Massac! should be very t for some ¥ e only is not showin, indust; Al from the | be accomplished hout nutural r House has 10 large rooms, Property has 2-story ness purposes. m under entire house. n rear. For Price and Terms See feel more llke spending {m ng that all his pos- | the real assets of | i and a desire to be of ! New | ctand today & monyment to what can | sources, if people are only actuated by the right motives. Section Doing Full Share. “Improved conditions in New Eng- land strongly suggest that the trou- ble today with some of the duller sections of our country is that they lack industry, thrift, honesty or a desire to be of service. Activity in the northeast is largely responsible for the high figure registered th week by the Babsonchart. It now stands at 3 per cent above normal. When you consider that this figure combines all sections of the country and all lines of industry—and know- ing as you do how dull are eertain sections and certain lines—the pa played by ‘New England in bringing up this figure is most evident.” (Editor's note: This Is the first of a seri of elght articles, which will report Mr. Bab- son's findings on various sections of the United States. Tn' the seven othel which ‘will appear each r. Babson will discus states, middle eastern ley, morthwestern stat the south and the Pacific FIREPROOF ROOF COVERING URGED (Continucd trom Thirteenth Page.), north Atluntic Mississippi val- south Atlantic stats coast.) grades. and prolong the life of a| smooth-surfaced roct, thus promoting | safety. Lor best results, use edg grain shingles free from knots and | other imperfections, and having a thickness at the butt not less than that represented by five shingles in 2 inches (four-tenths {nch each). Shin- gles are made in 16, 18 and 24 inch Jengths. Sixteen-inch shingles on a roof having a one-half pitch or great- | CHEVY CHASE BUILDINGS| WILL BE STARTED SOON Number of Houses to Be Erected by F. M. Johnson Com- pany. | Building operations on a number of residences in Chevy Chase will be started by F. M. Johnson's office, it was announced today. The houses will contain from eight to ten rooms and three baths each, and will have a price range from $25,000 to $40,000, it was stated. The dwellings will be located on Harrison and Kanawha streets and Brudley lane. Mr. Johnson now has under con- struction five houses of this type which will be ready for occupancy in the early spring. Ther will be of the center-hall plan, containing ten room: and three baths, and equipped, it is said, with every modern convenience, including an iceless refrigerator. Sales for the office in the last two weeks total $131,875. The following is a list of the transfers that have been put through by this office: Premises 1370 Spring road were transferred from Alice N. Taylor to B, | Adams for a consideration of $8,800. This home contains § rooms and bath. Property -at 3825 Kansas avenue was sold by Mrs. Mary F. Moore to J. C. Sisson for §12,250. This house co: tains seven rooms and bath and 1 modern. A dwelling, 36 Seaton place, was er should be laid 41 inches to the weather: 18 'to 24 inch shingles can be laid safely with larger exposure. “Ordinariy wire nails are entirely | unsuited to hold shingles. Th | out long before the shingles decay. | Hotdipped, zinc-coated, cut iron n: are the best Plain cut iron or vanfzed wire nails will serve fairly well. The heads of nails should not be driven into the shingles. Untreat- | ed shingles should be thoroughly wet | before laying. ! FOR RENT! Beautiful New Apartments ments. Immediate posse BOSS & in the Lverett, 2127 P St. N.W. All small apart- 1406 H Street N.W. sold to Margaret Ii. fonuolly by Jessie 1. Pierson for $7,350. This eight-room house is to be used as a home by Mrs, Connolly Thy residence 640 Rock Creek Church road was sold by Herman S, Coiner to G. R. Myton for $13,5600. This ten-room and two-bath bhou taken in exchange for premis 2454 and 2456 Georgia avenue, these be- ing put in-at the figure of $12,000. __ A six-room and bath house mt 771 ssion. PHELPS Harvard street was sold by Willlam D. Redding to Joseph S. Davis for 5,000 Premises 47 New York avenue ware sold by E. P. Taylor to Rose Barsky as a residence for $5.800. 'he house contains six rooms and one bath, and is to be remodeled as a home for the purchaser. A home at 607 Upshur street wa sold by Bernard C. O'Leary to Vincent P._Sgueo, the sale price being $9,600. Property at 1428 Meridian place has been transferred to Robert C. Jones by Blanche Bailey, Mrs, Bailey having purchased the house through this of- fice several months ago. A house at 844-A Orleans place was purchased by E. R. Lewis as an in- vestment. The house contains ten rooms &nd two bath: Premises 3814 8th street was sold by Winfleld Preston through the Johnson office to F. P’ Shea. The price of this property was $12,250. A six-room and bath home, with all modern conveniences, at 3810 13th street northwest, was purchased by Morris Keiser from Roysten Heck for $9.300. A modern home of six rooms, at 3819 Kansas avenue, was transferred to Mrs. Nellle V. Carr by Tillie G. Dill for $10,400, A dwelling 137 Varnum street northwest was purchased by Mrs. Dill from Mrs. Mollle Sidelman for $8,125. Mrs. Dill purchased this prop- erty to use as a residence. Lots Nos. 1 and 17, in square 4515, were sold by the National Bank of Yonkers to Edward E. Bowling for a consideration of $3,600. SEVERAL COLORED HOMES TRANSFERRED Transfer of several homes to col- ored purchasers was announced this week from the office of Joe C. Brown. The transactions are as follows: J. Luts sold to P. L, ises 311 B street northeast. 8. J. Lutz sold to R. A. Lewis hou at 62 629 K street southeast. Both are being remodeled and will be held as an investment. 3 Lutz sold to Horace Carter property at 427 1st street northwest, a six-room frame house. M. Pasternak sold through George A. Talbott the six-room brick dwell- ings 1612 and 1614 5th street north- wes| Dr, G. G. Norris sold to Boston Brown premises 416 A street north- east, a six-room and bath brick resi- dence. W. O. Buscher Company sold the house at 65 Randolph place northwest to E. A. Garvey as a residence. The firm sold for James ¥. Holland a six-room brick dwelling, 1318 G5th street northwest. ’ Property Owners, Attention! We have an immediate purchaser for business property showing good return on investment. Will invest $25,000 to $30,000 cash above first trust. If you want quick action on your property communicate with us at once. The Joseph 914 N. Y. Ave. Shapiro Co. Franklin 1140 Price, SIDNEY A. RAYMOND REAL ESTATE Ph. Main 8633 No. 1 Thomas Circle New Homes in Petworth New Hampshire Ave. Above Grant Circle Red tapestry brick homes, six large rooms and tile bath, open fireplaces, French doors, electrically lighted with special fixtures and decorations, mahogany and enamel finish throughout (imported Riplin enamel used only), painted kitchen and bath, hardwood floors, large cement-covered front porches and large double porches in rear. Open All Day Sunday Sample House 4415 New Hampshire Ave. Prettiest spot in Petworth, and on an avenue and in a section that will constantly enhance in value. Reason- ably priced and easy terms. , Take Grant Circle Buss to New Hampshire and Grant Circle and walk one square north; or Soldiers’ Home Car to S5th and Upshur and walk two squares MM M. Parker & Company Suite 203-5-6-7 Phones 1422 F Street N.W. LOOK AT THESE HOMES! $6,550 $750 Cash; $65 per Month Location, 18th St. S.E., between East Capitol and A They are GOOD, new low price of the season ts. (just in front of the new Eastern High School.) modern brick homes—at the Open Every Day Until 9 P.M. 713 14th St. m——— Main 2345 A Home in 16th St. Heights 1420 Madis ties that made him a succes: buy nothing else. offered for months. s HOS. Jameson Built Homes l | it 1416 to 1426 | E St. NE. 6 large rooms, tile bath, hot-water heat, el e c tric lights, lots of closet space, double rear porches, wide front porch, deep lot to an alley. Open for Inspection Daily and Sunday For Sale by A. JAMESON OWNER AND BUILDER 906 New York Ave. N.W. Main 5526 ASK THE MAN WHO OWNS ONE R o ) INSPECT NEW HOMES Farragut St. Just Eight Sold for a Successful Man oo on St. N.W. The successful man wants a comfortable home that properly represents his achievement—but the home he buys must stand up under the requirements of the quali- s. He knows value and will This home has more value than. anything we have - - Descriptionr Detached, on large lot, construction of stucce over hollow tile, 8 rooms, 2 baths, shower and lava- tory, exclusive of 2 rooms and bath on third floor; 2 in- closed sleeping and large front porch; double garage, same style as house; screens, weather stripping, awnings—in fact—every modern improvement that money and .good taste could provide. The owner has bought a larger home and offers this, for quick sale, at $3,000 less than offered within a year. Open for Inspection Tomorrow, 2 to 6 P.M. Six spacious room double rear porch Hoases 20x32 feet. 501 7th St.S.W. Nz N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N \ N N N N N N N N N N N N N Including Interest tile bath, hardwood floors, bot-water beat, electric lights, wide cement front porch. FLOYD E. DAVIS LA TSP ST A A A L NS Off Georgia Ave. (913 to 931) Adjacent to Saul’s Addition Price, $8,250 s1.00000 cun d Prineilpal Lots 20x100 feet to 15-foot alley. Main 353 \ \ \ \ \ \ \ \ \ \ N N N N N \ N N N N N N $500 CASH 315 to 327 L Street N.E. | (Just North H St. Cars) . “The only new city houses offered on the market for this price and on such easy terms. ~ All Houses Open for Inspection All Houses Sold on Monthly Payments All house have outlets for sink and gas range on second floor, so you can easily rent second floor for enough to make mg)!hly payments. i | 'REAL ESTATE CHEVY CHASE— . West Bradley Lane Colonial_brick house overlooking the Chevy Chase Golf Club . First floor—Living room, entrance and reception hall with open fireplace, library, sitting room, dining room, butler’s pantry and kitchen. Second floor—Five bedrooms and two baths. Spacious grounds, 100x200 Two-=car brick garage Priced at less than cost of reproduction. . THOMAS J. FISHER & COMPANY, INC. 738 15th St. N.W. 3712 Ingomar St. Splendidly located within half square of Connecticut Avenue ; detached style, eight large rooms. two tile baths, hardwood floors, screened throughout with bronze wire, instantaneous hot-water heater, 2-car garage. A attractive home $20,000 Open for Inspection Sunday 1469 Meridian Place N.W. Close to Sacred Heart Church $8,350 This is a 3-room deep, thoroughly modern house has hot-water heat, clectricity and maple floors First floor contains living room, large receptio;: | dining room full width of house, and particularly large kitchen. There are_three full'sized bedrooms and tiled bath on second floor.” Exceptional closet space. A house at this price in this location speaks for itself. Open Sunday 11 A.M. to 6 P.M. Wm. S. Phillips Realtor Exclusive Agent 1409 N. Y. Ave. NW. LOOK! LOOK! LOOK! Investors—Take Notice Almost New—Fireproof Apartment House Close to Million-Dollar Bridge 2869 28th Street Corner Cathedral Street One Block From Wardman Part Aotel T : T e Containing 9 Beautiful Apartments 41 4 and 5 Rooms and Bath—All Outside Apartments Rental Over $10,000 WILL TRADE F. M. JOHNSON Phones M-:i77