Evening Star Newspaper, October 13, 1923, Page 17

REAL Retail Sugar Prices Lower, Roger ESTATE. Babson Believes Economist Predicts Consumptibh Is Likely to Decline, and Warns Investors to Use Caution in Buying Stocks. 8pecial Dispateb to The Star. WELLESLEY HILLS, Mass., Octo- ber 13—Sugar consumption, which has increased every year for the last five vears, is about to decline. The per capita consumption of su- &ar in the United States was eighty- five pounds in 1913. In 1019 it had been reduced to elghty-three, only to rise to ninety-one pounds in 1920. In 1921 the figure reached.ninety-seven Wwhile last year we Jumped to 102 Pounds per capita—the highest sugar consumption in history. This year the figure will tend to decline. Sugar Prices Uasteady. Sugar had been a staple commodity. tuating® within a rather narrow price range; that Is, until the war upset things. During the last four years prices have traveled a rough, unsteady path. From the fixed price of 9 cents at the end of 1919 prices shot up to 23 cents—a level of 300 per cent above pre-ware quotations. Then came the break and the toboggan slide to a low of 5 cents in December, 1921. Since then there has been a steady recovery to a peak of over 11 cents reached this ye Again the reaction set in and prices softened to & level at about 73 cents. In recent weeks there has been a recurrence of the bullish tendency ,Prices are again close to the r's peak. The fundamental situa- on. however, both in the sugar in- dustry and in'general business would indicate that the upswing is about over and that prices are about to turn toward a more popular level, Against Heavy Buying. Consumers of sugar should not stock up heavily today, but should buy supplies as needed. Prices should be lower by the end of the year. The securities of the sugs panies have als ular course. or two other group: y_coppers, move in close conformity with the price trend of their commodity. When the commodity is rising the stocks are rising and vice versa. In a sens therefore, the sugar stock discount the future Eroups, but are gov canditions that aff cli like one ct the commodity, nate, production and demand The 'stock market in , gegeral touched its péak in November, and declined with ondy occasional in- terruptions all through 1920. Su, stocks touched a peéak-in November, 191 declined in the spring ef 1 then soared b a~lev 12 per ¢ higher than their previous top.- From that paint ‘th deglined almest with- out _interruption, - finally.-reaching & low “in October, 1921, under the pre- war. average > S Sugar Stocks Independent. During this same period the tend- ency of the gen 1 market had been downw ut movement w an entirely different cha tered in 1920 witnessed from that level with another low slightiy under the tober, at the t making their had made con ble rally “were market the sug: geners . which continued and reached a peak action of stocks has 1 likewise out of conformity with ments of the gener reached a peak in t clined with_the rest of the rallying 1 rch to a new 1919, | | on Battery lane, where he will JHE above the peak touched in October. This movement had its basis in a sharp rise in the price of sugar and a supposed “shortage.” While it was going on many peonle had visions of a repetition of conditions that pre- vailed in 1920 when there was an act- ual shortage of the commodity and sugar stocks skyrocketed. ~ The strength, hewever, at this time was short-lived and sugars went down with the market. There has been a recent strengthening movement based upon the late s nal rise in the commodity to satisfy canning require- ments. Warns Sugar Investors. long swing outlook suggests no extremely bearish or positively bullish factors. The wind-up of the current season will undoubtedly mean a balance on the right side of the ledger for all of the important sugar properties. Some of them may per- haps see fit to follow the lead of Cu- ban-American Sugar, which recently resumed diyidend payments. With the end of the crop year and a some- what lower level for the commodity, however, sugar stocks may be reac- tionary, but the downward movement, if any,'is unlikely to result in much lower levels than we have seen dur- ing the current year. Some time in 1924 it is probable that sugat stocks will_be attractive as a speculative purchase. Readjustment Progressing. General business as reflected in the Babsonchart is running at 10 per cent below normal, indicating that read- justment is progressing at an orderly and very satisfactory rate. The (Mr. Babson, fhe noted statistician snd economist, Will continue his special articles on business And fnancial conditions in next Sat- urday’s Star.) PLAN BUSINESS ZONE FOR BATTERY E’ARK Plans for the establishment of a business.zone in Battery Park’were made known vesterday: coincident.to the’ dnnouncement by Maddux, Mar- i shall & Co. of-the sale of 25,000 feet | of property’ at,the. intérseetion of the | 0ld Georgetown - road” and - Wilsons |lane, the’éntrance’'to -the- park, to | Jovce ‘O'Hara: of .the United. States | Chamber of.Comerce. ; Construction of-a buslness block on |.the premises will be.begun at once by | Mr. O'HaraX In the block will:be-la- ated a pl rmacy,. & grocery stare | and market and other. shops. Pro- | Visioh-also will-be made for a filling | station ana later a community motion picture theater. Mr. O'Hara paid 50 | cents a foot for the lana. Maddux, Marshall & Co. also an- | nounced the following sales in Bat- | tery Park during the week: | Col. C. D. Hedel a lot in Battery {lane, where he p! $-to build. Prof. C. P. Olivier of the chair of astronomy at the University of Vir- ginia, three lots on Del Ray avenue |and two en Ridge boulevard Dr. Harvey Hayes, navy four lots on Park road. Col. R. H. Pierson, a second lot on | Ridge T " Col. F. E. Hopkins of the general aff ‘of the War Department. a lot scate fentist, ome. THE EVENING STAR, WASHINGTON, D. C., SATURDAY, OCTOBER 13, 1928. Will Work SERVICE STATION READY FOR OCCUPANCY LARGE GARAGE AND SEPTENBER SHONS GAI N BULDING | Figures of 213 Cities Higher Than in 1922—Nine-Month Increase, 25 Per Gent. General bullding activities throughout the country give indications of being well sustained during the fall, according to official reports of September building permits fram 213 major cities made to S. W. Straus & Co. There was a gain of 3 per. cent as compared-with Septem- ber a year ago. The usual seasonal de- cline from August was refiected in a 12 per cent loss. For the three-quarters of the year there was a gain of 25 per cent as com- pared with 19 3 St.'Louis,- with a.gain of.83 per cent, led' @l other cittes~in percentage -of increase’, for,. the pine-month perlod- Los Angéies gained ¥3 per cent, Chicago 60 per cent, Detgolt 38 per cent, Seattle 35 per cent, New YorK 25 per cent and Philadelphia 19 per cent. 3 Eastecn States .Ldse. The eastern states lost 14 per ceni ln( September as compared with- September | last, yeay; the sopth lost 11,per cent; wihile ‘the central states gained 25 per cent-afd’ the far west galhed per cént.. e - e Building material prices were all well stabllized’ during _Septémber, ° Though, there were some minor. fluctuations the general “level was without sigafficant.| change; in fact, with the exception of | a few grades of brick, building tile and southern pine lumber, prices of the pre- vious month generally prevailed. he rank of the ten leading cities in point of permits issued in September was as follow: New York, $42,539,599; Angeles, $14,- Philadelphia, 630; ' Cleve- 33, 5 nd Minne: San ' Francisco, apolis, §2, VICTORIA REALTOR DEAD. Charles T. Cross, past president of | the estate board of Victoria, | British .Columbla, was suffocated in a fire which broke out in his home in Now Vital There is a growing tendency to treat the walls and woodwork In the same tone -and often in the same color. This practice is based upon sound decorative principles, because the woodwork Is in reality a part of the background, and a strong con- trast is therefore desirable. The colontal fashion of light walls and white woodwork was admirable, but the good taste of staining the interior doors a dark mahogany may be questioned. The custom doubt- less originated in an instinctive rec- ognition of the overstrong contrast between the deligacy of the back- ground and the dark bulk of the massive mahogany furniture then in use and a consequent endeavor to restore bilance by carrying the fur- niture color up the walls. This was ound reasoning in spite of the fact hat the dark rectangles made ugly blotches against. the .light wall. sur-. faces, and in perfod rooms -or where similar. conditibons exist this method may be approved:: - ° B Extremes- Should _be ~Avolded: In genéral, ‘however, extremes of, tone ‘aré better avolded. Whether ‘the woodiwork . is- staified-or painted let it ‘be aPproxtmately;of ‘thie same tone as ‘the walls. Thus, ‘when the wills are . tan-.calor, the ‘woadwork und’ -doofs -may- bepainted to match, -or stained. : a. .‘medium ; Ught brown. Gray walis may -be- accompanied “by woadwork - stuined . gray . or. gray- ‘brown, enameted-gray, or. finished ‘in old. {very of nearly ‘the -same tone (degree-of light or ank) ‘as the walls’ themeselves. An_exception may be made when the walls are paneled to more than half their helght with rich, dark wood. The upper walls then’ afford a transition from the tone of the woodwork to the lght ceiling and should strike a medium note. They may also be decoratively treated, with a bold-patterned floral or land- scape paper or an interesting textile, with a view to offsetting the somber- ness of the lower portion. This is not a violation of the background prin- ciple, because the wall tself takes the place of the plictures and other deco- rative detalls which might ordinarily be introduced. Door and Window Hangings. that city, October 2. Window and door hangings may be treated either as portions of the PETWORTH In This Charming Subdivision We Have Built and Offer For Sale Houses of Unequaled "Value . 3 Near Beautiful Soldiers’ Home Park Just Off Grant Circle All Sold Fa -Seventy-Three of This Type Built But Six Beautiful six-room homes, with tiled bath, hot-water heat, electric lights, with daylight cellar that contains laundry and servant’s conveniences. Extra large porches and deep back yard and attractive front yard with concrete steps and approach leading to a wide, deep porch. High Elevation Built on Solid Ground Price, $8, Includes Concrete Alley 53 Beautiful View Good, Fresh Air Transportation Best in the City—180 Busses Leave Grant Circle and 158 Elcetric Cars-Leave Soldiers’ Home Daily. You Will Never Know the Advantage of Our Restricted Subdivision Until You See for Yourself. Open and Lighted Daily and Sunday Until 9 P. M. To Inspect—Take 16th St. Bus to Grant Circle (One Block East), or 9th St. Car Marked “S_ok!im’ Home,” Get Ol_!. at 3rd St. (One Block North) Exhibit House 4317 Third St. N.W. (Betwens Vomam and Webster We . Invite D. J. 1321'New York Ave. N.W. Inspection Decoration of Woodwork Home Problem background or as decorative acces- sorles. In the first case. they should be plain, or, at most, self-figured, and the same color as the walls, though possibly a trifle darker in fone. This plan should be followed in rooms with patterned walls and in those which are elaborately furnished, especially if a trifie crowded, unless the walls are white or (geam color. Under the last-named conditions, or when the room is sparsely furnished, the relief of contrasting draperies is desirable, they may then be considered apart from the background. This aspect will be fully considered in a future lessond The ceiling of the room corresponda to the sky of the universal scheme and in the average room ghould be finished with the greatest $implicity in a delicate tint which will give it an_effect of rempteness.. Elaborate period rooms, with architecturally treated walls' and woodwork, often demand correspondingly ornate ceil- ings, but a plain wash of kalsomine is ordinarlly sufictent. Instead of the customary dead white, wWhich, like the natural floor, has no affinity with ‘anything .ele.-in the room, it should be faintly - timted - with the predominating color of the walls. BUILDING IN -SOUTHERN CITIES SHOWS INCREASE Ten Per Cent’ Gain ‘Recorded in " -September Over-Same Month : . lof 1gR2. . _Building;construction "in’ the prin- cipal cities of sixteen southeyn states showed a gain of 10 per cent in Sep- tember, 1922; according %o the record of permits filed with the survey de- partment of G. L. Miller & Co. of Atlanta. Of the seventy cities where com- parative figures are avallable, G0 per cent showed increases. While sev- eral of the larger citles, notably Baltimore, Atlanta, Memphis, Rich- mond and Nashville, showed marked declines for the month, their losses were more than made up in the gen- eral average by St. Louis and by a number of smaller cities where build- ing programs are exceptionally ac- 2 N 77272 This picture shows one of the two beautiful new houses located at 30th and Albemarle Streets. are corners, each with a lot 75x150 feet, and in them are incorporated the latest ideas in modern home | REAL ':ESTATE. New building at 17th street and Kalorama road just completed by the Charles H. Tompkins Company, for Charles F. Tompkins, owner, The ramp sys- tem ix wsed for reaching the upper floors. MORTEAGES EARN HORETHAN BOADS Result of National Realty Boards’ Study Covers 1915-21 Period. “A recently published study made by the National Association of Real Estate Boards on.the earning power of “mortgage investments, as compar- ed with stocks and bonds, shows that in the experience of the great life in- surance companies of America during the difficult period of 1915-1921 mort- gages' were found to earn approxi- mately 25 per cent more than stocks and bonds.” said L. M. Eppich, presi- dent of the Natlonal Association of | Real Estate Boards, in a redent com- munication, to members. “This find- | ing, bearing the statistical authority of ‘the Institute for Research in Land Economics,, by’ whom it was com- piled, is the'more remarkable because it covers a period that witnessed the greatest price movement in our eco- nomic_history and that included’the war years when earnings -on: stocks and ‘bonds were high. Bringing out, as’ the compllation does, the expe- rlence of companies whose lreads make a-life study of ‘the investment field, it constitutes, there is little doubt, the greatest argument that has ever been advanced not only for the safety, but for the earning power of real estate securities. “We are all of us in the course of our business transactions aware of the necessity of ‘educating’ the indi- vidual members of the public with whom we from time to time have to deal. We ‘educate’ every buyer of a home, of ing. every investor in industr erty. What.each of us iz d the individuals who happen to come into our own business orbits real tate boards can do for a much larger public_and in a much larger, more authoritative and infinitely more im- pressive way. not done when it has functioned to | “The duty of a real estate board is | {FIGHT RENT PRCFITEER ‘IN FIRE-SWEPT CITY Berkeley, Calif., Realtors Get Be- hind Replanning Move for More Beautiful Community. A replatting of the entire burnt area of Berkeley, Calif., making pos- sible the raising of a more beautiful city from the ashes of the recent fire, is “the purpose which city builders throughout the National Association of Real Estate Boards will follow as it is already being undertaken by the Berkeley Real Estate Board and allied bodies. pense of fire victims have been taken by the Berkeley Board. The board has passed resolutions not to handl any property on_which the price ha been raised, and not to handle any revised listings of property either for rent or for sale where the owner is attempting to profit by the disaster. Thorough Investigation of pre-fire rentals is being conducted, and pub- licity will be used as a weapon against fire profiteers. Proposals for replatting the brunt portions of the city, one of the first cities of the West to adopt a city plan, include cutting down street grades and eliminating dangerous curves. promote the interprofessional rela- tionships of its members, when it has put itself into the form of a smooth machine for facilitating appraisals and listings and the other dally tech- nicalities of the business. It is not done when it has taken council on the larger concerns of the oity and the city’s future, interests ‘that are inextricably bound with the realtor's daily work. It is the duty of the board not only to do things for real estate, but to let the people of its community know what it is doing. “Means for reaching public atten- tion are varied. Institutional displa: advertising by the board itself h prov ts value. The display ad of an individual firm gains imme. prestige and impressiveness if it in- corporates, by a wel] directed line or two, an exposition of something big- ger than the specific offerings it makes. Meetings of the board give the most natural and the most po. tent opportunity for bringing the ac- tualities of real estate to public at- tention. A stream of news stories in local newspapers familiarizing the public with the conditions of real tate investment and with the aims of the real estate board is bound to have a cumulative effect in a genuinely profound public acceptance of the mission of recognition of board leadership. “I speak for every board some pro- vision in {ts schedule for meeting that will bring before a wide public the ‘significant facts about real “The Triangle of (Woodley Rd.). truction. Wooded villa sites, Middaugh & 7 "~ OPEN SUNDAY Northwest Corner 30th and Albemarle Streets 7277772 the board and a public | PRESIDENT EXALTS " MIERCANHOVE | |[Foundation of Society, He | Writes “Better Homes.” | Award Winner. Vigorous measures to | prevent rent profiteering at the ex- | President Coolidge exalts the home as the foundatfon of our institutions {ana declares that it is the conclusive |reply to the threat agalnst the | fundamental principles upon which iour government is based. Mr. Cool- | 1age’s attitude is set forth in a letter | recently written by him to Miss | Elizabeth Carlisle, chairman of the Better Homes in America committee | at Port Huron, winner of the first prize |for demonstrations in Better Home week in June. Mr. Coolidge wrote | personal letters also to the winners of the second and third prizes, and it was learned that these letters were the result of a careful study by him of the reports from all the leading competitive towns and cities which staged demonstrations. The awards for the Better Homes Week prizes were recently made public by Secretary Hoover, chairman of the National Council of Better merica. A thousand cities |and towns scattered through every | state in the Union participated last June by fitting out houses and open- ing them to the public for an inten- sive week in education in home im- | provement in all its phases, with | special emphasis on the needs of fam- |ilies of moderate means. | In his letter to Miss Carlisle, | President states | “I have been very deeply interested |in the Better Homes campaign which has found such general support throughout the United Stat. because |it seemed to me an especially useful |and practical activity. The home is e foundation of s and of our | institutions, and is the pledge of con- | tentment and It is the conclusive repl every threat |against the fundamental principles upon which our government is based. To raisc the standard of the Ameri- can home , therefore, to raise the standgrd of the American people, and |I send to the Port Huron committee my sincere congratulatio..s upon their efforts which resulted in the award of the first prize in the recent nation- wide competition.” the Massachusetts ‘Park Washington’s most beautiful residential section of detach- ed homies. Containing seven million-feet of forest-covered land, with six miles of improved streets. Includes what remains of Increasing Values” between Connecticut, Massachusetts and Cathedral avenues y Over five million feet of land sold. Over 130 homes from $15,000 to $200,000 built and under con- lots and central and side hall brick homes, with lots from 50 to 115 feet front—Park Office, 32d and Cathedral Ave. (Woodley Rd.). Shannon, Inc. Woodward Building, 15th and H Sts. Established 1599 7 AL IizzzziizzizzzzzzzzZddddd % arrangement and construction. They are Colonial in design with wide center halls and contain 10 real rooms and 3 baths (one with shower). The workmanship and materials used in the construction are the best. A critical inspection will verify this state- ment. The location is one of the garden spots of the city, being just west of and overlooking Rock Creek Park, and only 12 minutes by auto from the center of the city. Albemarle Street will shortly be one of the main connecting links between Rock Creek Park and Connecticut Avenue, - The price and terms are reasonable Take Connecticut Avenue cars to ‘first stop beyond the Bureau of Standa Street, and walk-one block east. MOORE & HILL, Inc. 1420-22 H St. N.W. 7 / rds, which is at Albemarle 707 7772777777, 7727, 727 7777000 Both % ] 72277, % A