Evening Star Newspaper, June 16, 1923, Page 15

REAL ESTATE. THE 'EVENING STAR, WASHINGTON, D. C., SATURDAY, JUNE 16, 1923. REAL ESTATE. Babson Sees Fine Investment | Takoma Park Building Operation Completed HUN“RS AWARDE HIGH COSTS OF BUILDING Chances in Utility Plants ; CAUS_'I_*Z INDUSTRY TO LAG ; ke ' || FOR HOUSES HERE Recent Broker Failures Lead Economist to Urge Study Safety More Closely Water Power Securities Praised. Fear of Financial Loss in Case of Break Local Architects Win Praise in Peak Prices Hold Back for Small Dwellings in Construction Plans. Capital. . : : 3 ‘ The present cost of building con- question of increased efMciency ar BY ROGER W. DABSON. Here s a resource which nature has B e e T - The Washington chapter, American | struction has been brought sharply Imbroved methods generaily in the P g civen us. reeds but capital an . aE BT 4 rchitects, a une toens on industry. There are Specit Dt : BivaniRE L meensbuoanlwlenal ¥ " : -1 G 7 ; s Institute of Arc s, at its J to public notice within the last few |many who, without hesitation. de. : Tuile 18 e e e o syl ot RN X 2 i s i meeting, held at the University Club, | weeks, and the whole building indus-|clare that production methods in the “Recent brokerage failures have ?;‘H"ons“(-f hr“m"‘r;“\\llll)fl'h:'l;:hxvr and » B 2 H % announced the awards made in the|try, as well as the Individual who |C¢ONStruction industry have not kept ed to empha once me e work of millions o ewives A 4 H MR . : h o % : pace with improveme; n- tended to cmphasize once more the | i3, 0T G0 RIJOUE BL HERRIWTES % ; < %l ] 8 2 T SN i recent exhibltion at the Arts Club of | nas contemplated crecting a home, is | Rustrice generaily: ments in other In continual loss suffered by the invest-| b cleaner and more healthy as elec- 3 ¢ B e y ] | work by local architects, members of | puzzled over the future trend of|Struction ' industry, particularly in ing public. Losses from unsound | tric power fs used in place of coal. | . o Pl T the Washington chapter. This exhi- | prices. the building of “small homes, has oE o oo \an | Thus. in water powers. invested : 3 =" v vas 1imif s P agged behind in dev. g stices In' brokerage concerns can . d cap was limited in scope to small | e . nd in developing short _— = "h“ TABe O ow | Ital can be of real service, and in the | [y 2 = : |:m°'f M "tll it D n';" . Many construction experts, reck-|cuts, Some construction . experts. j& overcome thy pUODSE HaEWAtION it s it will profit. T - 3 L ¥ ouses containing not more than nine | ;,ing the national shortage of houses |however, assert that the construc- Losses from investment in poor se-| ;s is still holding up not- i . o ¥ 2 : i S ] 4 Bl principal rooms. The jury, consisting | anq the general wave of prosperity |00 industry has improved greatly carities cease, however, only when | Withstanding the pessimistic views of o 5 % e 5 & of Edward W. Donn and Louis Stmon, | z . in the matter of efficiency within the SHe i cator netobte lmaore imwilifuill ¢ stoclinaricet opseetops @ihe | o : e i ¢ 5 : . made the following awards: Sew mvosie ot She cousten dciial ten yeudk ot il o the funt he investor s s Babsonchart shows general activity By i & S G hace § clare that building costs, though}that more of the items going into fn the selection of his securities. at 1 per cent above normal compared - : i L i s 5 2 Group A, houses containing from |, 4 will not come down to any nn_'L‘ons!rucllnn are delivered on the job “The reason people lose money on -With 17 per cent below normal for | . 5 . % - % ¥ |seven to nine rooms—First mention, St : now in partly finished state. many of thelr Investments Is due to| the same time last year. Whatever | - i ¢ Z B w20 at Tdpemoor Md. T . | Preciable degree within the next year{ The question which Interests the the fact that they select them with | May happen next year. | is | 5 - o : S - M, H. F-yor g0; while others believe costs have{Man who wants to build, but who is @5 eve onlyitoiphsaibl ofits. with- ay-—not overexy L s ; Cunningham and Manning F. Stead, |} o "0 L people wil|held back by high prices, is whether out considering the s rendered. | deDre 5 l'”‘;' T render | 4 7 e G 7 architects; second mention, residence | /O s et prlSas onts Chp hu”r:“"fi CoRts axe 10 remain out of 1f you will be sur ad, to put | sorvice instead of scalping comm : o : e s ; 3 v ; ot Tdatise Tlte: Hotaze W Bes {not pay sent prices on account of |proportion to other prices general vour money where It will render a s have nothing to fear. 5 : - L . o e A e e W. Peaslee, | o1r fear that a fall in costs is about | In the country, or whether the old re. service, profits will come almost auto- | (Mr. Babson, ti ed_statistician, who is | Gy G ~ ; b . Eruiteat: mention, house at|gue and that they will suffer financial [ 1atlon between - bullding prices and mat 1y. 1 have just been visiting |a& regular o to The Star, will con s ' e s 4 G % 7 ; College Park, Md., Flournoy & Flour- | loss through the depreciation of their|Sther prices s to be re-established The ‘St o “Some ‘propasea water M - . noy, architects. propertica This latter theory s held | [P Mt noTans B0 REuTes Mo power developments in the Adiron- conditious Grou s f particularly by those who bufldf'nS omes generally have kep! 5 p B, houses containing ix|? Y pace with increased prices in tb dacks, and water power, to me, consti- taainy ' 8 apartme or re 2 t > prices in the st mn Pa ted by H. L. Thornton, have Juse| oo 50 0 T mention, $7.00y | APArtments for rent United States, but none makes the tutes the most fascinating fleld for The man who builds a home to live Bouna investment BUYING HOME SITES Pouse, L. Justement, architect; sec- |in in mot ms mush concerned about|oaes wich buidic momrcs have kep ond mention, house of H. Cun- | possible future depreciation, though|® The demand for homes at the pres- Huge Waste (n Power. i 1 “In New York state alone there is GODD INVESTMENT |ND|RECT SYSTEM ningham, Edgemoor, Md., H. F. ¢ most people building nu:;us_ for lhem‘; ent time is mostly for cheap and mod ‘ LIGHTING FAVORED A(Egin amising ) LSERONe i conal o RRS 6 et Sk SEpt i grans is now going to waste. The develop- | 8 = I i OF LIG architects; third mention, mount.in |thev may wish to sell and build |expensive homes still need houses ment of this idle water power would, | bungalow, Harpers Ferry, W. again. People of means have been abie to ina year, save in coal the equivalent Time Opportune, Realtors Find in| d Q | The hest way o get illumination 1. M Leineriving, anchitact ! Bis Rafse in Ten Years. fl}lh:;lfl‘lr needs generally regardiess a train of loaded coal cars extend- : | ne: C | o h cos > 3 omes ing from the Atlantle to the Pacific National Survey—Prices Low il | for living rooms Is through the in- :x'\:h-“h'« 'L“”T "";M-INI archl-{ Siatistics gathered from all parts|during the vear thus far has gone and back again. The Panama cana ect system of lighting. The amount | ect, who was elec a fellow of!o¢ the United States by the Depart-{Much farthe- ahead of last year thar s U e . | | the American Institute of Architects|Cf the United States by the Depart-| ., pe said of other classes of con- o e i =) upon the amount of wattage of the | month, thanked the chapter for having | costa as a whole, including both the suff t. translated into dollars, | | lamps in the fixtures, upon the ef- s o - unanimously nominated him for this;items of materials and labor. were Deen snfficient, ansisiol o Bel e | fana or hwine Busidles os | fetmey ¢ the refiector in the fxture | ACtiVity Returning Slowly to!nizn nenor, which was conferred upon | 104 per cent nigher in april than in| AWNING MATERIAL This is figuring a horsepower worth | bought now to as good ad P | bowl and upon the color values of the “‘wn larg ¥ fr?m;" of hhty “'vl’l‘;ithv- same month ten years ago, while s s e A X : f : walls and ceilings, i connection the 51 of { the prices of commodities as a whole . deia ¢ e i Place in Construction Alls and cellings. ot rencctor ana| Market, Trade Magazine |Architecture at George Washington |were only 59 per cent higher. This{ COLOR IMPORTANT of bread and found it|'" the next few with a lamp of given wattage, more l'\\l‘;-'rfill‘\' o | woula that bullding costs arel 3 atton he st 1,250,000 loaves of bread | Outlook as it appears te ational | Activiti light will be reflected from a white quantity ey iout o m to other prices | S e e ties Planned. e e Reports. brenu made u talk on the woric ot ey ara” st wile’ e prices of | state o ew York alone is trans- | from investigat into the pr e one. It is_advisable not to depend Wonla mithTatels "m’_“"” cont ';jf""‘:ln-v- thin ne ordinary family uses| \jodern taste in house painting is lated into commodities it Is found tojent situation in ces nation- | | wholly on indirect illumination. Put] | e o Somtractors | nave |dropped considerably from thel o o4 11 sp many ways that tha be suficient to supply the bread re- [ally. Urban lind value hot| Home building projects ‘predomi- | in wall brackets and wall plugs for| 1 6 Tumber trads es)thow e Conala e tha s osct | High peuk of1920 hutldlug prices atill] : s quirements of that entire state.!followed the fluctuation. have | nate in the list of construction per- |additional fixtures and lamps R 7 2 e (hoalsctnsinn mhioh folawed | Lre- 12 Bome expressiiciuntessonably] slectiong oty thefyproner i plar filor When you consider that the popu-ibheen so marked in other commodi- R : teports received this t s llowed | g, awning material is very important 1 2 thi B 4 % in « mits issued by the District Commis- - Mr. Hatton’s talk, though some doubt | feul D e e oo = e nasoulBtonie Shows. | sioners during the week. Sl ES PENNSY FOR $25 week from important manufacturing | e cepremees onneimibn some of vpe| The home builder is particularly in- | ¢ as not to spoil the color scheme tenth !h%“ntn‘url‘dl“l‘mvlnenfidl!:v l{nlt‘?:g-.\.sl;. matter of fact. 1 | plonsesid ing ‘l“i “.».) . The total| SUES P! $25,000. | .na gistributing centers indicate that tures of this method of quantity | SeTested o 1eary e DO el ot the House States, v zain 8o ea o W {is low in propor st amount involved in the permits is o Saterday. Gied o S 5 . v T g ¥ | bility for pres: i construct ’ £ E s SR e e 5 e e e e rornorton e Sian st el Longworth vesterday fled sult | the lull is being broken and that|Survesing |y Ao e mar® to materials| As awning materlal may be pur which needs only capital and govern- | chase of a t ih st el ! € s activity is slowly returning to the| > ___|or to hight labor prices. Unfortu-|chased in either white, vellow ment co-operation to deve: o e | the home suilt imme ely | t0 Hefli Simpson to 1d . f o = —————————————————————0 | nately mone of agencies | o = = IR fcosone e Gt velop for th X m\\“,:\ buile immediately {0 CTE o tOPIE, e “‘r : "H: leged persol s a pas- market, says the American Lumber- e e }?‘:hu _mone of the agencle a'.j;f'"'{,“,b'“““v green or gray. striped or plain a lor in the e, remains a sound and | BoUses 2 ©0 4521 Tth street and genger. Nov e st, @ hen the i\ man, Chicago. Reta g ose what advantage they now | % e non g SHow. e o o Power Plant Advantages. perfectly safe e, 4322 Illinois avenue northwest, at an | trapn o saton aten ool chissge. Retsll sauls bawingy The advice of the distributors,| €lve figures which would show | material, one can either match th . e i ed a big volume of business| therefore, is to buy now, leveling W proportion as between | color of the house or create a con- enic “Water powers are a comparatively milies 1 estimated cost of $80.000. Other per- ¥, No savs he stepped into | €7 = e e e et nrthe 4 r T Ed e a tamaiable it Wnd sus. | throughout the spring. are rapldly|out demand and thereby Insuring|materials and labor costs in the|trasting color scheme. s s y Y . EREate e s building of the ordinary home has of railroads and even steam power s rious injury. He is fepresent- | cutting into th ocks are be. | ETeater price stability. 3 Awnfigs = . e e e momnae howcs v rages ert estate. to build, 1200-1210 v s William R. Harr and & into thelr stocks and are be- | BTFALCr Drice BRI - o ovs to] changed much one way or the other| Awnings for windows are rea ciation. 1If this depreciation is al- | Y : cosi g .| New York avenue; cost, $10,000. | ng forced into the market for re-|ya improving and an excellently|in recent vears. However. the De-economical, as they protect the fur- lowed to continue, the iciency of | May well Pearl E '“"m] 'l” | “v 5838 C plenishments. Transit cars, of which | mair ed export movement con-|Ppartment )f‘l_ l;’-‘rg"r !n;‘ lfl";then—'l fif- nishings from the sun and give a operation is greatly reduced. In a|thy feeling t g prices must| L5 b TR lihere’ lars ‘comparatively: féw now | Onussito)fekturetothisaftwocas anal| NIGSWEICHTIndloate G EtinesCasealIn | Lotmm) S ealthfulicoclixtmonp hier eiqn Siiter poves sulenttte rtion | delay construction for the present. | duit road: cost, $1.000. | S o .\ { hardwoods, jmaterials and wages have kept close | bright sizzling ' days. ~They can Rter wower, « don f4CS future Bt e R e e afield, are being quickly picked up| Produetion in the south continues Pace with each other. For instance, | casily be taken down when the dark. Water power pl building costs will bring with it/ S 000 ® echanical R 1 and a close watch is kept for any|to be hampered by bad weather, par- |in November last. when materials had | short days of fall set in dependent of th ater de 'd for home sites and:’ 5] e air, 1417 New York avenue: cOst,ikind of bargain. However, dealers|ticularly in the hardwood sections of d ced to a point 85 per cent higher| The regular type of window awn- fepsndont of the . In the | correspo Ctendeney ot s Stephens, to build, 3318 North- | $10.000. Srmaly. g d = A aetnim ey mere omame | than in 1913, wages in the bullding|ings, which has side pleces and = ik that swien: prof Citeniire - in buflding lots, it may be pre- | ampton street; cost, $6,000. W Siacobie, to repair, 1102 H street | Still show a strong disposition to! i) *}ave not produced a board for | trades had jumped about the same | valance, is the most practical as it i : northeast; cost, $3 oatpone milk Uusing on any large|soria Teekat onl necoust of laclk of| Derconta keeps out both the sun and rain R. Howenstein, to 1. 1169- le, expecting that the rec " . and are not likely to be able to Question of Efficiency. and still allows for sufficient ven- | e once fixed by the comr or a state j dicted J. Harris, sarage. 1617 | "OK . $1.000. 1104 D street southeast: cost. $15.000 tilation theliprofitsiare motinablell And once the home bollden hasiias ey, Jul FeNbea by Bn Hacsease: in | lotiithe ociation points out, his Aeiis ounaylils sarsia = up again before July 1. Con- But in figuring out which of these o v ENNer passs. bF Smmonity. Priccsi| Droblen o ifivancinstitho: HINAINE | gorpra s ors Company, toirepalr, | /A B et al. to build lecline may be carried fart! {Qitions in the inland empire and on two ctsts has ad T5 the OBt 10 i B aret N el ayuinEs Gtitcuish (there ahe e bioihiar elf decreased 100 per cent. HET “n . (': ,h ‘.;;y houses, 0 07, 5809 East ( | their ne become imperative., Dis-|the Pacific co have bheen more work on an actual building there |{he floor of the ‘;‘n“rlm‘;_hei:;‘ fv“'_':;; lines of business which offer a simi- | — = [ 16th street e Solsties). casn . uild, 2508 Evarts | tributors are of the opinion that rw,‘:‘fl\“ able’ and "the output remainsmust be taken into consideration the | give about the Blace. where the ar advantage, but . they aino. enjoy § o e e i e [neavy in those sections. The trans- efficiency of labor. If labor is less 7 5 Pl L A L C. P. GREY TO SPEAK. [ aor pital Hetel Cosporation et northeast: cost. $5.000, tailers. if they persist in thelr pres-| i riition situation generally is fav-| efficient than formerly, a wage In- e Ltanten: o Drh thatule which they render. Charles 1. ¢ of Chicago will speak | <t and S IRAr s avee s Gaot | ASote Mtrectmotincast: = ent policy in this respect, will all|grable and shirments are moving crease that has just about kept pace | raquires an awning three foet high by “There is a constantly inc before the cd : national - 1 $14,000 o T E N eMes 1t Colbuth, 'to | reach the bottom of their piles about | promptly. The mills are, thercfore.| with material price increases would | three feet projection. Porches more demand ‘for houschold clectrical ap- | tlon of th Assoctatio Congressional Cemetery, to build|Jenifer street; cost. $6,000. i lthe same time and rush into nu»““}“‘“ o make material Progress in|mean that the proportion of labor|than elght feet in helght require inien aim an " S B e Lo s lonal. (Gemoters uild | Jenife e ost. $6. A 2 cleaning up their old orders, so that cost is higher today. On the other |pro v 1a eni S T N B L Bt lohinl ey oot | SislliE and amce. cont I STS0L Mastin Roth, to build, 1113-1115 H | market simultaneously with lang|they ol g b gl el g b e ot g ol g i i e o U the conveniences of electricity. More | considere selecting land to be | Webster stre out. $36.000, RO K ‘to_build, 2675 R [ists of requirements, in which event,ia fair volume of business. Stocks.|cient’ than formeris, the greater de.|awning for the porch. The top of steam driven. 3 29¢ %% program of the L ptontny T R T T T G RIS are none too good, prices would|foe hadly mixed cars of for material| There is another element entering |1t is welghted With a sat ai the ““This means that the use of ! builder viders n B e G B e o | auickly shoot upward agaln and deal- needed immediat into the situation and that is the ' bottom. is constantly increasing. ' Wi Massachusetts st con R et $75.00 Monthly 8 " h., elec., gas, open Park Hemsonsiily B scptace, h. w. § : floors through- z g Priced AT 3 = ] out. High eleva- Washington’s most beautiful residential section of detach- : 4 tion. ed homes. Containing seven millicn feet of forest-covered land, sl o2 with six miles of improved streets. TIncludes what remains of REAL CALIFORNIA BUNGALOW “The Triangle of Increasing Values” i CORY MANOR between Connecticut, Massachusetts and Cathedral avenues || J v illi v H St. N. E. blocks no of R. 1. Ave a new delig, . close- y ) X a - cars; T minutes by auto ts covered with wonderful trees struction. Wooded villa sites, lots and central and side hall || 0w to reach property: Take any car starting at 15th and G S . . s ¢ N. W, get off at 4th S R. I. Ave. N. E, 1 h oc brick homes, with lots from 50 to 115 feet front—Park Office, Rapresen o l,.r:,\wf"id FoRL TESLHOR R Re bl 32d and Cathedral Ave. (Woodley Rd.). MORGAN E. MORGAN & co Middaugh & Shannon, Inc. Exclsive Agents 1.3 923 10th St. N.W. Franklin 1320 Woodward B:':}‘sll':g"l }E’:h and H Sts. ©y nnd Evening Phones Frank. 1656. 3-W s BTN R Our streets are graded and cindered, as also are our $10 250 00 l | curving drives which have large entrance columns. ’ ® Sidewalks, sewer, gas, electricity, street lights and West Chevy Chase telephones installed; community tennis court; a splen- 4307 Chesapeake Street 14th St. HIGHLANDS I I I i:I‘ ; I I ) I ‘S did live-wire Citizens' Association organized—all this INSPECT SUNDAY Close to 14th St. Cars has occurred within the brief span of two years. Attractive Dutch colonial house: * 6 rooms and bath; I Tights; Iot 555 & month. Wm. H. Saunders & Co. 1433 K St. N.W. Main 1016-1017 An Astonishing Achievement! In Suburban Realty Development in Two Years Two Years Ago, June 13, Ashton Heights Was a Virgin Forest Today, thirty-eight handsome homes are now finished and most of them occupied. Twelve more are under construction and many others soon to be started. Our homes range in price from $6,850 to $25.000. Almost two- thirds of our large tract of land has been sold. DzzzzzzzzzzzzzzzZzZz7zZz7z7:2772727 77, 7777777777777 vz TarzIzTEENEE: Ashton Heights is named for the owner of the orig- ABSOLUTELY THE BEST VALUE IN WASHINGTON i inal tract of land—Mrs. Ashton C. Jones, for whom we TODAY ® are exclusive agents. 5407 13th St. N.\W. (Sample House) Six Large Qutside Rooms TODAY Ashton Heights represents the most rapid suburban development that has ever been witnessed in the environs of Washington. The reasons for its popularity with discrimi- nating home buyers are found in its wealth of EXCLUSIVE features not to be found else- where. 2 NOW is the ideal time to build in ASHTON HEIGHTS. Our prices are still DEVELOPMENT PRICES. 'LOTS FROM $1,000 UP AND ALL SIZES. Here is where you will find the home site you have long been seeking; financial aid to help you build a home. Surrounded by homes of distinction, on high, healthy ground; conveniently located near city, as to both trolley and bus service, Ashton Heights combines a charm of setting and a near- ness to the city that are exceptional. At least SEE' ASHTON HEIGHTS before you buy elsewhere. 22 minutes from 12th and Pennsylvania Ave., 3 miles from White House. Our Salesmen are on the property all day SUNDAY, or visitsour office, or call us for an appointment any hour of the week day. How to Reach Ashton Heights Take Bus at 36th and M Streets, marked “ASHTON HEIGHTS,” and get off on our property. Take trolley at Mount Vernon Station, 12th and Pa. Ave., Falls Church Branch, get off at Clarendon Station, walk south on Clarendon Avenue to our sign. By Auto, cross new KEY Bridge at 36th and M, take SECOND TURN TO RIGHT, out Wilson Blvd. to Clarendon Ave., then south on Clarendon Ave. to our office, corner of PLCEPRNECLRET BT (TP PELTS A‘égg#ifi{fb Two Complete Baths 1311 H Street Built-in Garage Main 657-658 i Extra Large Porches SPECIAL NEAR ROCK CREEK || PARK, $15500—NEW | D NI There is just pride and joy in the ownership of a home like this. Eight rooms on two floors, four bedrooms with two com- ||, The = . plete legant baths. Spa- Price is Low and TERMS Reasonable cious Colonial concrete porch, glass inclosed sleep- ing porch, hardwood floors i z Cathcart Road and Clarendon Ave. throughout, automatic Open and Lighted Daily and Sunday until 9 P.M. heater, garage heated and i very modern con- s /— = ] ERly. '\f'rl;lit::ée?“ l’.o:atifl lin a \ KAY AI!-IJVI(%(EES 319.’ INC. ISUILD fi?\. LOVE NE ; ?,?‘g%'?%fi;‘(}‘;"“hofifc{"“fl‘i‘? | D. J. DUNIGAN 617 Bond Bldg. ; Ml oo - A4 your esu‘c' to make __vour 132 2 4 by S bk et e . : “The Suburb Beautiful” To Inspect—Take any 14th St. or 9th St. Car % Z 727 7