Evening Star Newspaper, October 20, 1923, Page 16

16 LUVBER MARKET STRONG AND ACTIE Southern Pine Mills Report Heaviest Business for Months. Strength and activity continue to feature the lumber market. Retall buying. conscquent to active fall building, is voluminous and indu adually increas- ‘ rican Lumberman, The mills reporting to the €rn Pine Association entered pber with the heaviest order files have had for ths, and that s with them remains good is indicated by the association b: me- shows that book 8 T above normal and oduction by a good stock s show and badly broken sto nd pr carry advances’ that from $£1 to $4 above t levels iling a few weeks ago. Common ds and dimension arc the Strong- items, and furt advances on o pee e demand is ¢ for yard stock, a good call for industr mo ec Current lower new est more e is much busi- con: from foreign markets Demand from rail territory is heavy, but by find it hard to place or- 1 water e th little _stock 5 P abl © Strong. ducing ce the both v and tha port some woods with the in the g is proportionate of dry lum- WALLBOARD REGAIN FAVOR WITH BUILDER Previous Unpopularity Caused by Its Erection by Novice Work- men, Is Claimed. s come into its own contractor and public. In the ustry it was could do irding. The ory, since did not and Wallboard ha carp enter, re- wired skill the handling to the had wallhoard and so it came enters were employed s Job w and he blamed the about that c r work. is on the high plane to which it b longs and is considered a perfectly materfal for walls and kind of building. A o been, of mendous building boom and current vears and ntal scarcity of lathers and Furthermore, applying an inside job a sible—regard satisfactory plasterers wallboard i vay S8 rd cuts like cutting carpenter & with it. Al panel arrange- cured without disfig- arks showing in the ments can_ be uring nail panel ce ROOKL Nos. 3610 to 3624 10 Built Price, - the America In a treatise just iysued for its | find so much al the | ex- | of tools. | As a result wallboard | REAL ESTATE. Modern cities are handmade. New subdivisions are thelr growth units. How the charaoter of the plan for de- veloping a subdivision puts a perma- nent stamp on the section so developed and becomes a large factor in its des- |tiny is brought out by discussions of most successful subdividers in i | membership only by the home-builders and subdividers' division of the Na- tional Assoclation of Rea! Estate Boards. The wolume, hailed as the first com- pllation to bring Into city development discussions so authoritative as to con- stitute = text book on subdivision building, contains a full report of the first nutional subdividers id home- { builders® | the assos | Cleveland | “Modern advertising in the sale of |home sites does not add to what the home-buyer must pay for his lot, the experiepce of large subdivistom de- | velopers reveals. Instead, proper ducted, advertising and “high-pr. | sales methods lessen the cost by hast ling the turnover and so lowering the required margin of profit to the vper- ator. These are other high points on mod- :rn_suburban development brought out by the symposium: i Foundation of Clty. Subdividers begin the very foundation of the city in the street plunning, the {10t and block planning. Mistakes here are almost impossible to cor Subdivision development not insure actual buflding wit sonable time uetr E ¢ to neighborh mes a blight, not an_enrichme y growth th that doé quir- hs is economic nt of the is foolish to continue to 5 to 600 feet long [her cent their urea to Through use of longer block | centage can be A | dential street cent or 18 pe to home ement. letting down of loping lands just out: one of the greatest m nt-day cfty development. v growing ch lands in a vears will pres econstruction for iel . Develo suited to the need means s in limi! prot highly sy MERt uf 4 Subisic of ® man of small important to the public the development of the fi idence distriet per cent of is with th not with | the s | Flrat Payment Hardest. | Where the home is purcha | monthly payments the fir is the har: The famil | its first payn is not fault. kes nt likely to de- Zoning has for its greatest object not merely the keeping of injurious uses out of a residential distrf but the avoid- | ance of the econor e of tearing | down and reh Il WE WRITE | INSURANCE —on all_classes of property in the District of Columbia, { Maryland and Virginia. i We also write plate glass || and automobile insurance, as Il well as houschold furniture. | Protect your investments by being fully ‘insured in a il reliable insurance company. | Talk with MR. DENT or MR. MIDDLETON. | Insurance Department |lGardiner & Dent, Inc. } 717 14th St. N.W. | AND St. Northeast 12th 5 Sold $8,650 $750 Cash Terms to Suit DESCRIPTION. ceptionally well built porches, front and rear, water heat, electr tapestry brick, commodious I six rooms, tiled bath, hot- ity, hardwood floors, French doors, one-piece enamel sink in kitchen, three good sized bed- rooms, ample closet space, interiors beautifully finish- ed. Large bright cellar, 2-car garage. stationary tubs, room for Open and Lighted From 10 AM. to 9P.M. Sunday Hoover & Kidwell Loans Rents 1406 H St. N.W. Sales Insurance Main 6341 stand- | I cialized | THE EVENING STAR, WASHINGTON, Subdivisions Are Each Blocks In Modern City’s Structure use for residential purposes land that fairly soon, if confidence in the growth of the city is warranted, will be needed for_industrial purposes. Commission = rates to salesmen of home lots, as ascertained by a nation- wide questionnaire of subdivision de- velopers, vary from the extremes of b per cent to 40 per cent! Commission rates on land favorably situated and Improved average for the United States hotween 10 ‘per cent and 20 por cent. Where lands are unfavorably situated, unprovided with water and sewers, the {average rate demanded is between 20 Der cent and 30 per cent. Important cost basis for subdivision are: Property for purposes * should successful show in preliminary {for at least three to three and a half {times the purchase price. | Ratio of probable selling price to cost i in order to cover overhead, planning | 0f expenses, sules expenses and un- | foreseen general exponses must be at icast three to one or three and a half to one, plus the utilitics. Cost’ of improvements in residence subdivisions muy be expected to_aver- ugo $16 to $20 4 front foot. Where | property eannot carry o high a cost, the improvements can be reduced to $6 t0 39 a foot. J. C, Nichols af Kunsas City, W, C. Demorest of New York, C. C. C. Tatum of “Los Angeles, Zelosky and Charles P, G nicago, Sam Thorpe i Knight of Cleye- and Guy Greene leaders of the dis- cussions making up the treatise Do nd B. I REALTORS F;LECT COOLIDGE. | President Coolidge is now number«d | in the membership of the National Association of Real Estate Hoard | On motion of his old friend of | herst College duys, Col. Henry P. { bour, the Long Beach, oard has elected the nor resi- If You Believe in the United States ~You Believe in_Washington Near I & North 6 rooms and bath; bric On E. Capitol, Only §1.500 cas (6 bedrooms); water heat 10 roon oms and heat: electricit porehies; large bath, Tot. Bloomingdale. bath; brici condition. G Strect S.W operations brought out by the treatise | subdlvision | analysis that it can be sold in lot form | 1tol.—$4,250—81,000 cash— lot 17x80 to alley with garame. on lot 20 feet wide die.—$7,000—31.000 cash—Easy terms; detached; : steeping, front und rear ,505—3500 cash—6 rooms ont and rear porches; good 750—Bargain RENTAL PRACTICE TOPE OF ADDRESS Local Realtor Lectures to Class, Describing Modern Real Estate Office. Responsibilitics and functions of | the rental department of a modern real estate office were detailed by J. . M. Bowie, local realtor, to the class in real estate at the Y. M.°C. A. this week. The importance of this department was streshed by Mr. Bowie because of the unusual opportunity it offers for the development of skilled and | trained men who can handle matters | intrusted to them by property own- In an increasingiy scientific mun- ner. Tha rental agent occupies a strate- gic position in a real estate organi- zation In that through care, tact and ability it is quite possible to develop the r-departments of & T ¢ throush the contacts formed in the rental department. Obligntions and Dutiex. While a broker primarily repre- sents the owner of a property, woral obligations rm the he and involved, difference “nANtS Ma LU Offerings in Various Paris of City and Suburbs, Featuring Moderate Prices and Attractive Terms sewni-detuached; and bath; papered heat; el and bath: brick: hot- rooms. bath electricity. offer. hot-water $1,500 cash and bath; front and rear sle and for $750 cash onth—12 rooms and 2 | substantially 50—$1.300 cash rear electricity; h front, hot-water heat cellar with Near N. and e: brick: fn good condition. Near Library of Congress—s$7 b 2-story brick, on : priced low 813 15th St. N.W. laundry Capitol & M Sts.—$4.500—$1,000 cash sy terms takes this 6-room and bath; 00—10 rooms and ot for that loca b ALL M !AND SS.INC built; tive 7-room floor tile lav and toilet: lot out; living porc lot 50 Chevy Chase, D, house, 20 feet fine E. Southern Bldg. Downtown.—$11,000—Only §1,500 cash—8 rooms nd painted throughout; hot-water h tricity: ri Near Lincoln fark—3$10.250— enhancement in Soul's Addaition.—Owne; Columbia Helghtsx—$93.200 Chevy Chaxe, D. 58 i splendidly 6 rooms and bath; electricity; sleeping, 1 hardwood floors; ser condition. R e T T T T e T T T T T T O T TR T T T bbbt bt o e bl bbb it s el G b e b est possible manner and ail reasonable requests and demands of tenants glven courteous and prompt atten- tion. Tecent years has seen quite a de- velopment {n the method of handling investment properties, according to the explanation made by Mr. Bowie. lost sheets have been evolved that show month by month, as well as on yearly basfs, (ho 'exact cost of maintaining property, particularly apartment houses, in respect to the varlous items of maintenance and up- keep, that is necessary in the well managed building. The result of this intensive study that has been made in recent vears makes it possible to forecust almost mathematically cor- rect the possible upkeep of glven types of bulldings under given con- ditions on a square foot or a cubic foot basis. Covers Period of Several Years, It has been possible also to use these statements covering a period of several years for comparative pur- poses, and this has produced some in- teresting results; one of the principal results being a development of a method by which different types of huildings may be compared in respect to their desirability as-investments. 3 types of buildings have been found to produce a greater return on the investment, which s due in a large meusure to the varlation in ex- pense items incident to maintenanc Xt meeting of the cla of fire Insurance will b discuss by Mrs. Charles P. Benn manager of the local underwriters assoclation. SECRETARY PROFITABLE. mployment by the Cleveland Real Estate Board of a paid secretary for its appraisal committes has been fol- lowed by @ notable increase in ap- business, the board reports to tional Assoctation of Real tnie Boards. # ar the board’s total apprais- board's . Certifi- the first heg ment of a g share cates of six months with the date of empl appraisal committ ready total over $2. LU LT (LTI brick; 2-story house; newly it in path of steady values, must sell; detached; and lavatory; hot-water hea Will accept apy reasonable (reduced)—Only al pressed brick; 6 rooms ping porches; car garage; ¢ condition brick: on lot electricity; 50—Unusually attrac- h detached house; first : hardwood floors through- kitchen and pantry; hot- cctricity; fireplace; large wcious closets with' lights; located; easy terms. €.—$10,000—$1,000 cash—brick hot-water hea nt and rear porch s; weather stripped; L R T T T T T LT T Main 2690 Woodside Park Bulletin No. 5 (Formerly Noyes Farm) The Almas Temple and Contractors’ Barbe- cues were held at Woodside Park as scheduled— wonderful fall days—uvisitors several thousand. Improvements at the rate of over $1,500 per week on drives alone continue to go forward. Sales have quickened greatly as new blocks are opened up and prospective buyers realize « the unsurpassed opportunity for in- vestment. Buy and build your home your own way, set in surroundings that you want. Large and small, cleared and treed, flat and rolling—there is among the plots at Woodside Park the one into which fits BEST the home you have in your mind’s eye for years. Better come now. Take Forest Glen car direct to entrance. By auto, Sixteenth Street or Georgia Avenue, past Silver Spring, up Brookeville or Colesville Pike - Hopkins—Armstrong, Inc 1319 F St. N.W. L L L LT (UL UL R T C TR D. C., SATURDAY, OCTOBER 20, 1923.’ 100 REAL ESTATE BOARDS ARE ORGANIZED YEARLY President of National Association Points Out Increase in New Members. Real estate boards are being 'or- ganized In American ofties and are becoming members of the national association of real estate boards at the rate of approximately 100 yearly, REAL ESTATE. H. R. Ennis, president-elect of the association pointed out in an address before the annual convention of the Texas Assocfation of Real Estate Boards, meeting at Houston, October 1 to 5. So generally has the prin- ciple of organization in the under- taking of professional responsibility come to be recognized among real estate men, Mr. Ennis said, that the energles of the national realtors’ body can be freely turned from mem- bership getting to constructive work. These are the five great objectives of the association, as Mr. Ennis out- lines them The creation of standards of prac- named Mary and 6, LT T tice for the profession as a whole. The accumulation of data concern ing real estate experiences and t molding of these experiences 1 ble and useful material. clopment of ethical stand of national representing in a practical real estate interests, The upbullding of already organ ized boards. Out of every 100,000 girls and b. in England and Wales 6,519 90 William, LT T policies man North Cleveland Park DESCRIPTION SELLING FAST Because it stands out as the best value on the market, and the most unique subdivikion ever attempted here. One of the Spanish Styles This semi-detached type pictured below has,three bedrooms and glassed and 4317 and 4319 See Them TODAY 39th St. Open Daily and Sunday Till 9 P. plastered sleeping porch, affording 4-bedroom efficiency, with bath and extra lava- tory. It can be obtained in either hollow tile and stucco or brick at the same price. You will find in these houses the finest equipment obtainable. a feature. Built-in bathtub, built in refrigerator, one-piece enameled sink, enameled stove, instantaneous hot-water heater, real wood-burning fireolace, etc. Think of a house like this at such a price, Large closMs are N.W. To Inspect: Take Wisconsin Ave. Car Which passes Property at Veazey St. or Motor Out. Wm. S. Phillips LT TR T DT 15th at K St. IN.W. L T T LT O T T TR T A New Offering In Cleveland Park District 2926.28-30 Porter Street N.W. An unusually attractive group of three brick homes (one corner, one inside and one semi-detached) located on Porter Street, one block west of Connecticut Avenue. These homes are just being completed so an early selection is desirable. Each contains seven rooms, two baths and an independent shower bath (four bedrooms). Each lot is 125 feet deep, thus affording plenty of room for garage as well as gzu:den. Some of the special features include hardwood floors. con- crete front porch, breakast and sleeping poirches. huilssin re. frigerator. - For construction, location and finish these homes offer unusual opportunity at prices of Less Than $15,000.00 OPEN SUNDAY AND EVERY DAY UNTIL SOLD Maziny 1415 Eye St. ervice Main 4752