Evening Star Newspaper, March 24, 1923, Page 19

REAL ESTATE THE EVENING Babson Sees Great Prosperity Ahead for Alabama May Become Greatest Indus- trial and Florida Greatest Agricultural State, Asserts Business Expert. BY ROGER W. BABSON. Special Dispateh to The S LAKL WAL March 24.— g the past two weeks Roger W. has been traveling through his study of am very bu uth for the long pul “Alabama may be- st industria Florida may become the cultural stat The south natural resources— pliates, fuel, water power All the south and more of thing' which the south n Babson the south business cond ish on the s says Mr. n has all the basic climate, pho and needs ix mo at indescribable illties vision “som hings that v wd every of this’ fact waking up, and th. and west must loc they will % [ Jass oth & da trially and splendid group of sturdy 4 of whom we all may well be Lut the indus- al south is not dependent upon cot- and steel plants, great I: and factories of found in imulated part- ht rt trade a r of pop bound to grow in “As I explain hen dise: £ the west, is up against the ssing a whe: difficulty wheat per capita is true of co rd th Hence, the agricultur and phosphat ds, fue state in | y | shiftless tenants o v n [y | ficlewey. north | indus- | fied farming and animal husbandry will tend to shift colton growing into stronger hands.” CEMENT PRICES Ports Face Prosperity. Mr. Babson also is very enthusi- astic as to the commercial future of the south. Norfolk, Wilmington, Charleston. Savannah, Brunswick, Jacksonville, Tampa, Pensacola and others have—in his opinion—an op- portunity almost equaling that of New Orleans, if the men of these would only show the faith and v of the people of New Orleans. “Those who hav in the s, continues the eid for business terested in the for the fiscal According to figures piled by the Shipping Board, New Or- leans ruks second only to New York, both in tonnage entered and tonnage cleared. This record is particularly gratifying in view of the great effort Wwhich™ the city has made to improve its port facilities. Recommends New Orlenns. “During the war period, general business in New Orleans made tre- mendous st Of course, some of this advance was cancelad by the | 1920-1921 slump: but even at the worst stage of the reaction, bus was more than double that pr war days. The upward trend has now been resumed and I forecast that during 1923 local business will run 20 per cent or more over A 3 { The immediate outlook. thei . fairly good; and for the long pull, | commend ‘this city to those whe are considering so Southern States Big Margin of Safety in Pro- duction, States Manu- facturer of Product.- statistician, “as a . will be Declaring that cement has not con- tributed to the constantly increasing building costs and that there is a wide margin between 1923 production and consumption, Lowell R. Burch, cement manufacturer, in discussing building conditions, said: “It seems but fair that the public should be informed as to the exact factors which have contributed to increased construction costs, and that not all materials entering into con- struction should be included in a gen- eral statement of advancing prices building pro | - $163.610,000 | Texas ... 1 I501511.000 Boll Weevil RBig “There fs no question,” continued | Mr. Babson, “that the weevll is a serious problem and that its ravages ve steadily increased, both in area affected and amount of damage. The |alarm is not without some founda- {tion and it may be a_good thing to get people waked up. The potato bug has been controlled in Maine and | | the cotton weevil can be controlle |in the south. As long as cotton i | treated like a weed, as long as thi | crop is left largely the south than in the north, owing a lower cost of living and a Jower {coxt of doing business. “For the same wage mo: ad much rather live and w suth. Only higher wage srth’ can keep people th re air and sunshine whi millionaires 1 sel res is causin workers and others to do likewise. Moreover, 1t Is doing no harm to have these miilion- aires come down here. It opens their s to the opportunities of the south 1d will make it much easier in yeurs : |to come for the xouth to get that capi- tal which it has always so much ceded. So I say to all America ‘Watch the south grow.'” What the soutt ds is greater ef. In othe words, the agri- cultural experts and the better cl of growers arc able to deal the wee but they cannot handle the job wlome. They cannot make | |up for the laziness and stupidity of | yrodin eyele and st peaple credit up to. but $£10.000,000 for improven the' port of Mobile. G Tex.. is also Foreign ' trade fizures show this to be near the top e several optimistic fac- | outlook 1) in research and edu s | accomplished by the | Greater Prosperity Seen. Department of Agricultural | | expsrts, supported by the farm jour- | nals and local papers. (2) There is {4 tendeney toward co-operation and | one of the by-products of this move- ment should be to raise the general | ¢} « level of intelligence and v\nrxvgznnong LR Sales | the growers. (2) The continued de- | velopment of the southern textile | try will create an influential who are direotly interested improved methods of growing The further progress of diversi- work | “A number of experiments {in process which, if add g re successful, ng oil in ¢ ere none has yet found are merely illustrations ¢ 3 1 wealth of these wonderful Then the he beautiful | his is another of a series of porting Mr. Babson's find- ings on business conditions in vari- ous sections of the United | of which appears each The Star.) (Note articles 2t agricultural a dustrial and comme Moreover, wages will always be les : A “DUNIGAN HOMES” New Homes in a New Subdivision Location, Construction, Elevation, Design and Finish Second to None s Hot-Water Heat Tiled Bath Invite Sunday your Get the r long experi List Same With Us Today Call Main 1453 " MOORE & HILL, INC. 1420-22 H St. N.W. bene- Le Marquis 2308 Ashmead Pl N.W. (Sonth End Conn. Ave. Bridge) fireprooi build- improvements. housekecping apartments 3. 4 and 5 rooms, very reasonable. In- spect same now. Moore & Hill, Inc. 1422 H Street N.W. est choice Open for Inspection 1827 Ontario Rd. All Day Sunday 6 Large Rooms. R¥ception Hall. Breakfast Porch. Sleeping Porch. Hot-water Heat. Electric Lighis. Oak Floors. Possession at once Representative will give price_and terms at house all day Sunday. JOHN T. WILLIAMS $105,000 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 M. 4613 817 14th N.W. || Inspection A cozy home, cousisting of six rooms and bath, hardwood floors, deep porches front and rear, wide alley, large yards, with and without garage, These homes are about five minutes’ wallk from Washington’s most spacious c ground,” offering a Sunday outing for children and adults without the usual ay night fatigue. Take “Grant Circie Bus” or 9th St. Car Marked “Soldiers’ Home” Open and Lighted Daily Until 9 P.M. D. J. DUNIGAN 1321 New York Ave. N.W. Phone Main 1267 Co-operative Apartment Ownership Is the Solution of the Rental Problems of Hundreds Why Not Yours? Hundreds of enthusiastic owners are not ied or disturbed over mounting rentals, apartment hunting, moving and kindred worries. They not only occupy their very own apartments but have, at less than rental, an investment of pre-eminent safety. Open Tomorrow for Inspection A Few Apartments in Rutland Courts, 1725 17th Typical 2-Room Apartment Lovely two-room and bath apartment. Price, $3.410, Only $341 cash required, and monthly payments of $60, which include all maintenance "and interest charges and A SUBSTANTIAL CURTAIL OF PRINCIPAL. Where the initial cash payment is larger the monthly payments are proportionately lower. . N.W. Ownership Costs Less Than Rent Receipts For the convenijence of those who are unable to inspect apartments on week days and make an investigation of the co-operative plan, we will have a representative at Rutland Courts, 1725 17th St. N.W., one of our co-operative buildings. Tomeorrow From 10 to 12 and 2 to 6 P.M. DECLARED STABLE e 1923 would demand of the cement industry a consumption exceeding the banner’ year of 1922, that manufac- turers Immediately determined upon two methods of meeting the problem. “One was by heavily increased pr duction and the other was an cduca- tional campaign to point out to consumers the necessity of placing orders and sccuring delivery through hose months of the year when trans- portation was available. Big Safety Margin. “Notwithstanding the heavy pro- duction shipments, there is a sufficiently wide margin between con- sumption and capacity production to insure cement for ail requirements, provided the transportation facilities permit reasonably prompt deliveries. The Geological Survey estimated that the total capacity of the cement mills of the country for the year 1920 was 146,000,000 barrels, “Since then several new plants have been erected and other existing plants have enlarged their capacity until it is fair to estimate that the total out- put this r will exceed 150,000,000 000,000 barre “There is nothing to indicate that there will be a lessening of the se sonal demand throughout the unless construction g point where profit dis: dition which automat, Eight rooms lavatory, large modern Any description is seen. From 1 1418 Eye St. N.'W. 813 15th St. N.W. improvements Double garage on a deep well-kept lot. ALLANE ————l 'WALKER | Would Build for Himselt &GO (B3 15 51, Jenifer at 41st St. Chevy Chase, D. C. New Detached Homes Meeting Every Requirement of Most Particular People Open Tomorrow Dor’t Miss Seeing Them! TAR, WASHINGTON, D. C. SATURDAY, MARCH 21, 1923. REAL ESTATE. bring a cessation of building. This would be damaging not only to the building industry, but to general in- dustry as well, and efforts are being made to prevent such a crisis.” OFFICE BUILDING AND APARTMENT HOUSE SOLD Number of Residential Properties Also in List of Transfers Reported for Week. An office building, an apartment house and a number of residential preperties were among bulldings re- ported sold recently through the of- fice of the N. L. Sansbury Co. The Pacific building, 624 F street northwest, was bought by a local investor from the J. E. Latham Com- pany, an out-of-town concern. This is an office structure of six floors. The apartment buflding at 21 6th street northeast, known as the Glen- dower, was sold by Katharine A Grace to Elmer L. Evans and Paul A. Davis. The building is a five- story edifice and contains sixteen apartments. 237 L. Tankersley were sold. ' One, 2: by S’ street northeast, was bought Mr. and Mrs. Hobart F. Miller. If You Want a REAL Home INSPECT TODAY 1319 RANDOLPH ST. N.W. additional throughout. , tiled bath, inadequate—it has to be Open Today and Also on Sunday to 6:30 N. L. SANSBURY CO. INC. “Everything in Real Estate” Phones M. 5903-4 Two new homes built by Charles | An- other in the same operation, 229 S street northeast, was sold to Joseph H. Seale and wife. These are six- room brick houses. Byrna D. Wood bought from Wil- | lard L. La and Luida 8. Laws the home at 705 Dahlia street northwest. This dwelling has nine rooms and two baths, with a two-car garage on a deep lot. Mr. Laws purchased from D. J. Dunigan a new home in Pet- worth, 4315 4th street northwest, a six-room brick house. —_— Mrs, Leoline Meech, a member of the Vermont legislature, recently | had the honor of being the first wom. an to preside as speaker of the lower branch of the legislature. To Lease Store, 28 by 30 ft. Best available location on “G street, near 13th street. The F. H. Smith Company, 1416 Eye Street See This House Tomorrow! 3750 Jocelyn St. Just West of Conn. Ave. In Beautiful Chevy Chase, D. C. Smart, well designed Dutch colonial 8-room and 2-bath detached house; hot-water heat, clectricity, porches, wood floors throughout, screens, awnings, slate ro. ditional servant’s room; garage on paved alley. large hard- , ad- shrubbery, terraced lot, Price, $18,000—Terms Open Today 2 to 6 P.M. Or Phone Cleveland 1475 /ABKKER 813 15th St. N.W. Main 2430 Best Value $850 On the Market Eleven Buildings---Three Are Sold 2nd St. Between Varnum & Webster $1,000 Cash—S85 Per Month Six-room, reception hall and bath brick houses; breakfast and sleeping porches, hardwood floors, open fireplace: electricity (wall outlets in every room), hot-water heated, individual front designs, and many other exceptional features. Take Soldiers’ Home car to Second st., walk one block north or drive out Rock Creek Church road to Varnum st., thence one block west to Second st. Open Tomorrow---Inspect Them WAEKE 813 15th St. N.W. et N Wy Main 2430 A GENTLEMAN’S HOME IN IDEAL LOCATION And a Most Attractive Investment SO, 4 SoaNIa, 1 [ i & Ry ”2??3‘:;5( .‘{L/'J" O OPEN TOM Northeast Corner Wisconsin Ave. and Newark St., Cleveland Park QOverlooking the Beautiful Friendship Estate of E. B. McLean 193-Ft. Frontage on Newark St.—105-Ft. on Wisconsin Ave.—29,768 Sq. Ft. DESCRIPTION— 3 A beautiful home in a picturesque setting of priceless trees and shrubbery and spacious lawns—ground that because of its strategic location is certain to increase in value rapidly. The house 11 rooms, two baths, hot water heat, electricity, fireplaces, spacious porches and all the appointments of the fine, modern residence. Open Tomorrow for Inspection—See It at Once. AL 813 15th Street N.W. Representatives on Property 2 to 6 p.m. N E. R INC. Main 2430