Evening Star Newspaper, December 1, 1923, Page 13

REAL ESTATE. Follow ial Dispatch to The Star. Heavy but declining p Declining demand; . Fairly stgble prices w Keen competition; Generally good financ 1 of the more important companies. ‘il production of cars and trucks the first ten months of this year raged 07,636 cks per month. is about 60 pe output in friod o 1922 cars a G This new cars have apparent mulated Larger Output Plan Jemand last ceeded dealers’ expectal found themselves arge enough to meet the needs With inclined their ind d. i on i nufacturers lined ro | much customers. alers are now eral stocks for apparently in sales and are pl larger output. he industry has been favored not by by an unusually strong demand, the fact that automo- relative to pre- t also b es are cheaver, - ideas of value, dities. B mber of iness, and also by y of lower pri bpeal to successively | purchasing power, has been downward nothing jange in this trend. L Cheaper Cars Probal » How I the ng Tang market. ‘Thinks Cheaper Cars r’rovavie ¥edicts Drive to Reach More People. ¥'inds Traffic Jams Hurt Sales—-Stocks BY ROGER W BABSON. ELLESLEY HILLS, Mass., Decem- 1.—The outstanding features of automoblle situation are: rd adjustments here and there; cent better thaa the corresponding Notwithstanding s heavy rate of production stocks o to a burdensome degree. ¥ Bes during the first thrée-quarters the year kept pace with production spring and summer to look for another heavy It is probable that the General Market. motor stocks which suggests a dif- ferent market movement from the list as a whole. An average of thir- teen representative issues, both car and truck, sold at a high, in the spring, of 48, declined to a low last summer of 31 and have rallied to around 37; seven motor accessory issues from a high of 76 declined to 48 and now maintain a level around 67. Al issues used are New York Stock Exchange listed and represent body, wheel, carburetor and similar plants. Tir roduction; ith down- - 2 AL ecne , however, are not considered. Examining the movements of indi- vidual® issues in these groups one fails to find any evidence of a move- ment in specific issues in opposition to the trend. The apparently greater intensity of competition in the popu- lar priced car field than in other de- partments of activity in the motor business might seem toBuggest vary- ing trends in the different issues. All, however, have recovered from 25 to 40 or 50 per cent of their decline. Looking back a little further, it ap- pears that automobile stocks have very closely followed the trend of the general market since the decline of 1820. It is probably reasonable ta assume that they will do so in the future, (Mr. 'Babson, the noted statistictan and economiat, will continue hix special articles on business and financial conditions in next Saturday’s Sta 1SAYS METAL PAINT CUTS | EFFICIENCY. OF RADIATOR nd 32,029 total out- 1y not ac- ned tions and without Rénidenee of Willis this in to next year. are "also anning on than most other ea of Standards Scientist e A A or tho faree| BUE ‘;‘ = x This. in Past, Has Been Consider. concerns competing for akes Experiments in s, . reason of the v able Factor in High Build- s In order to Its Use. 3 lower levels ing Costs. the trend in The aluminum or bronze paint gen- and there | erally applied to 1!';!(11 tors ;:,r :ql{\‘ re- - = in sight that indicates their effectivencss and makes it . - o “ tes B ecessary fo have a larger surface| Wasteful use of bullding materials, > r the > heating .m«-{l. ’r;"]m with consequent increase of construc- o ing 1o the experiments performed by S Ky is often due to industry will con-|Dr. W. W. Coblentz of the bur»an of | tlon costs and rents, 1s ofte s ‘ie its remarkable growth is diffi- |standards. Dr. Coblentz finds at the una 10 sav. The changing ratio in|heat radiated from an num, these materials can safely bear. This | Te Jrate of registration increase and |painted radiator surface i than | L O rompts architects, con- to n,itcreased cost of selling seem|a third of that emitted by a radiator,* and the framers of building wheidicate resistance in expanding|of the same size painted with a non- | tractors and th ar f meled simply | cod, lic met. paint, e to call dexigned and built by Middaugh & S TESTS CAUSE LESS WASTE OF MATERIAL| |1ack of knowledge of how much load an amount of ma annon, 3200 Althos TOTALOF 3000 INBULDING PLAS List of D. C. Permits In-| cludes Several Large Apart- ment Houses. ugh the number of permits to build issued by the District gov- ernment during the week was com- £ o Woodlcy rond, af the north annon, Inc. Chicago. Juar B alert manufacturers are con-|allowed to rust erin v know will be safe, Without | poraeice, 2 continuation 7 ing to plan on more cheaply made | © On the other hand, he finds that an |{TA1 they KRAW W C 0 R 5 D exces- | buratively small, the aggregate estl- | 00 i 3in e fiturs In Grder Chac they | aluminum Baing 18 a very effectitn | knowing wheth mated value of the structures pro- | Tade possible ¥ put prices lower and_appeal to!means of reducing the amount of heat | sive posed was quite large, tot ¢ 7ger numbers of people. So iong as | transmitted through a thin material.| Avoldance of such waste can belgsss 650 mhie was dueg('o t o 1 !8 tendency proves profitable it is|Applied to the under side of a tent or|y & ™y o by furnishing . the | ot 2 he fact 2 to ®ay when the {ndustry|awning, it reduces by three-fourths'TOUSRt | v with rellable data | 2t the llst of permits includes sev- g T the goint where it will be | the amount of heat from the <un|building industry with relia “ |eral large apartments. The permits (n|nm|§”‘r‘%))lrrt;:\u[nl h[_sish which gets through the cloth, wh to the ength of the differente ), ways stipulated. rtant factor is the | yseq on the cover of an automobile erfals used and of the different|“p o4 B especlally from o give automobile ftderation | Danger Which Buyers | The chlef danger in the a ttuation the tendenc: o exceed the safe limit of lure. However, fo 18N manipulate their budge waclude automobile resent levels the industry mue to expand Present dem traffic as bson low normau nothing in the Central and $5,220 Co., Inc. Main 6830 ion prevailing in many lan future street construction of buyers long as consumers expenditure nd for automobiles is °n you consider Is running | Modern Business Property Active Location Present Rentals $60,000 - Thomas J. Fisher & FIRST TIME OFFERED A Remarkable Value in New Home which is beginning 1o | through and makes the temperatir distinct hindrance to the sale | ingide the vehicle more nearly that|piece of material entering in:o the) f cars to residents. In some large | found in nataral shade Iptecal of inaierisl onteming Ine Gl laces it is much more comfortable ! |construction ¥ 3 Jealc or to use trolleys, fubw —_— [l the load it ts safe for it to carry. §tion may erow (5 such an.cetent 43 Q4 no moré. The bursan of stand-} | frdine Tl T G SR | ) ARGER BRICK URGED. |and mo mord. ‘e vursis o stan »_serlously curtail demand and the i ards of the Depar it of Cor idustry 1S seeking to have cities = has one of the best eqiipped labor. that tories in the country for the me; each G. J. first con- | ions Is one that of such factors, and for |0 " made of a larger size,” says a recent | many years past it has been engaged | 7T Face. fnsue of 'the Boston Travei Tt s | [0 0c(ing he strenkt of bricks, tie. Sl pointed out that it would tak little more time to lay brick t say, half as large again as the usual size, and consequently much moOre|reguits of thirty-t ground would be covered in a given|of hollow tile. The time. | feet long by twelve feet On’the other hand, a great amount | were sl ght and twelve of trouble wquld arise in other di- |thick, representing the outer rections, Al the architects’ andla house. Among otacr results builders' calculalion tables would ' tests showed that need revision—wn immense task—and | hollow spaces or cel 50 would the many building laws now | vertically is nearly twice in force which are based on theas one in which the ce ‘standard size' brick.” horizontally. utomobile hat is, { cgment and other fi expendi- t so0 as to at will con- wa reflected as action of | eproof material This bureau has just published the wit of the tila set are pliced $33,000. . 000 ihe rong station, LYON VILLAGE December minutes b: bus or trolley to Lyon Village. Virginia si mile from Lyon Village. With such additional transportation facilities, | mas present to the family! ’ LYON & FITCH Clarendon, Va. Office, Wilson Blvd. and Oak St. This week saw the announcement of the Capital Traction Company that. their new line crossing the Key Bridge, one mile from Lyon Village, would be in operation, starting Sunday, From this new terminus it is but three or four The week also brought forth a proclamation from President Coolidge strongly advocating the construction of a Memorial Bridge spanning the Potomac from the Lincoln Memorial to the i the landing site of the latter to be just about a we_again strongly recommend Lyon Village as the ideal home site invest- ment—and a most satisfactory and unusually appreciable Christ- Clarendon 650 $7,500 w— ‘We invite. your lights, hardwood flo values. Main 4190 1701 to 1721 B Street S.E. These homes are up-to-date in every respect, throughout, and represent the best buy in new homes NEAR NEW EASTERN HIGH SCHOOL inspection of these new, attractive and well built tapestry brick homes, con- taining six rooms and bath, sleeping porch, glass-enclosed breakfast porch; hot-water heat, electric ors, unusually deep backyard to.alley, etc. Dbeing artistically and beautifully finished in t_hxs rapidly growing section of enhancing Priced Right—Reasonable Terms OPEN FOR INSPECTION ALL DAY SUNDAY WARDMAN Exclusive Agent . 1430 K Street N.W. Member of the Washington Real Estate Board Charles 2801 Connecticut avenue; $250,000. N. Roy, to build apartments, 1317- 1323 Connecticut avenue and 1304 and 1310 18th street; $100,000. Ford, o build, 1212 Minnesota avenue northeast; $3,000. P. Maler, {to build apartment, 0 Minnesota avenue southeast; - Easby-Smith, to builld apart- ment, 1244-1248 9th street northwest; Standard Oil Company, to build sta- tion, 3801 Georgia avenue; $8,000. Wardman Construction Company, to build apartment, 2520 L street; $125,- 3535 Kite Homes Abound in Essential Conveniences That Make Home Homelike L. Miller, Lawrence street northeast; $4,000. Standard Ol Company, to build apartment, | where will pleted their ing for delivery parently having weeks ago. It that prices will | any increases in that retallers to build, 2208 to build gas Connecticut avenue; | shipped during middle west and managers expect,that retailers every- come actively market as soon as they inventorte December 15 will witness much buy- after the first of the vear. Southern pine prices mean- while are steady, by Inquiry the LUMBER SALES RUN . HIGH, MARKET EASY Steady Expansion Expected—De- mand for Hardwoods Shows Falling Off. The lumber market remains quiet, but sales are slightly heavier than last week and sales managers look {for a steady expansion in demand from now on, says the American Lumberman, Current buying s almost entirely for immediate needs, which are censtantly arising because of the of building operations, excellent weather prevalling in most sectlons. Transit cars get a arge share of this business, and when a mill order fs placed immediate shipment ls al is heavy, the line -yards in southwest. been promptly sales. the Demand from other of next and into the have com- that the bottom ap- reached two generally expected to ‘While order {files at the mills have been reduced to an average equaling twenty days' production at the present rate, stocks are low and broken, and it is likely who postpone buying to the last minute will en- counter considerable difficulty in se- curing their requirements ‘The feature of the Douglas fir situ- ation is the recent placement by the Japanese government for 97,150.000 feet of lumber to be month. forelgn mar- | react contracts Sales their e e e e e e e 4 1bson Reviews Auto Industry; | 1S REALTY BOARDS MAP BIG PROGRAN Educational Move Feature of January Session at Augusta, Ga. Plans to put the Natlonal Associa- tion of Real Estate Boards in a posi- tion to complete, for use of its mem- bers and for real estate in general, comprehensive programs to which it Is already committed for the nation- wide collection of real estate facts, the development in cities throughout the country of a high-standard real estate education and the acquaintance of the communities everywhere with the ‘business standards for which the association stands, and the public policies in the. protection of the ownership of real property which it advocates—these will be the principal matters to come before the midwinter sesglon of the national committee of the association to meet in Augusta, Ga.. on January 17, 18 and 19, The midwinter 'session, at which overy member board of the 495 local real estate bodies comprising the assoclation Is entitled to representa- tion through a national committee- man, has come to be the principal business meeting of the year for or- ganized real estate men throughout the United States and Canada The coming session, which will take up in matters of public policy the taxation question, in both its national and its local aspects, and which. in matters of interest to the organiza- tion ltself, will have before it de- cision as to putting the financing of the association's work on a business basis that would insure the effective- ness of the large undertakings on which it is engaged, s expected to be one of the most important gather- ings of real estate men nationally ever held. All members of constitu- ent real estate boards are invited to take part in the meeting. Invitations Sent Out. Call to the national committeemen and invitation to presidents of all member boards to take part in the conference and to take up in each local board previous to the confer- ence the important matters that will then come up for decision have just been sent out from assoclation head- quarters. Chicago. A meeting of the board of directors, including both the present and the incoming members, of outgoing and incoming officers of the assoclation, of outgoing and in- coming division chalrmen, and of out- going and ineoming committee chair- men will be held at Augusta January | 16, preceeding the conference. Tormal inauguration of incoming officers will be a feature of the mid- winter gathering. Entertainment plans already made by the Augusta realtors for the visit- ing real estate men and their families include. an old-time Augusta barbecue, an {naugural dinner and ball and a| golf tournament. Wives of members of the Augusta Real Estate Board will entertain visiting women. i kets also remains sizeable. Domestic trade, both by cargo and rail, has been quiet lately, but indications point to its early recovery, especi- | ally_with California, which continues | to build heavily and to consume | enormous quantities of lumber. The railroads are big buyers on the coast, and prospects for railroad and car material business are especlally promising. fir market holds steady. Demand for hardwoods is slower than a month ago, but prospects are excellent and the market strong. Automobile interests are still the heaviest buyers. These are prepar- ing for a record production in 1924, and much business ffom this source | is looked forward to. The REAL ESTATE. Building Boom Enters Winter Well Sustained Over Country District Construction Activity Unabated. Labor Supply More Evenly . Balanced Everywhere. Active building operations are in- clent orders to afford employment 1o dicated for the immediate future by | 4!l Workmen In their lines throug! the Department of Labor in a report [ Ut the fall and winter. on comstruction employment condi-| . SMor(age Leas Acute. tions. This report says regarding| % York city's shortage of skilled different section of the country: | Pullding labor is becoming less acute, | though there is still a shortage of tile Illinois building activities, which | 3 slowed up considerably during the | SCLI€rS, steam fitters and plasterers midsummer months, are reported as B“:‘“‘“““ r;“’“‘l‘)““:“ brisk inithe large o 2 ‘a. | citles and suburban sections of New swinging ahead, with every indica- | jorgey “with building and constry tion of again resuming Pproportions |tion labor in increasing de of a building boom, and with an acute f’e?",”f‘"“{f‘gj ‘huildnm constructio as | 18 fairly well balanced. On the whe skilled labor shortage. There has |y jjing trade workmen are well en been some decrease in building in | ployed, Indiana, but the totals for this year| Continuation of the “tremendous will far exceed those of 1922. Euild- Duflding = program” reported fr & | Delaware sections is noted, and Ma ing in Wisconsin is reported as more | jand reports practically ail kil active than in midsummer, and it |building tradesmen employed, W seems reasonably certain that a large | strong demand for common labor o volume of construction work will be | road projects. The “enormous” carried on through the winter. Ohlo's | struction program of the Dist bullding conditions are “in good [ Columbia continues unabated shape,” and the Indications are that|absorbing all available workm. strong activity will continue right |The supply of labor in West Vir up to the point where cold weather {and Virginia 0 is absorbed, slows up the program, similar conditions are reported from Varying Labor Conditions. Gtgrxying;’ll‘i«E‘r’erxd i ticed ; s r s noticed in yBullding mechanics are plentiful in | ontucky's building activicles, and Minnesota, due largely to curtailment | pien 000 00 B0 SR B e e of construction activities. Oberations | guetion in force. Tennessee's butlding have fallen off in the larger centers |Gontitues at a steady pace, with some of Missouri, with the exception of St. | Follar im the rand 1abors Forage Louls, which has brought about & |puiiding ‘trades craftem. surplus of skilled workmen, though | pio 'S, ‘Riabama. and common labor remains in good call, atiway particularly for road projects. Ilowa p reports conditions practically dupli- cating those found in Missouri, and common labor for road work also is i good demand in South Dakota. Building tradesmen are plentiful in North Dakota, following completion of many construction jobs. Building in Nebraska is especially brisk, with all skilled workers engaged. In New England and middle At- lantic states an extensive building program and road construction af- fords employment for many workers with a shortage of certain mechanics reported. Inadequate housing condi- tions exist in the larger cities. Industries manufacturing building supplies are operating at c: middle Atlant! nia quate supply. Increase in Oklahoma. Building in Louisiana shows no appreciable fluctuation, with a mod- erate excess of craftsmen reported in principal centers, and Arka ports a seasonal falling off in con struction. Oklahoma reports a slight pickup in building, although supply still exceeds demand of workmen i nearly all the trades, a similar conditions are noted in Texas New Mexico reports building mod erately active, with a large hi construction program under wa; creasing activity {s the word from Arizona, where building mechanics of 1 classes are in strong de. pacity in ates and have suffi Massachusetts Park ‘Washington’s most exclusive residential section of detach- ed homes. Containing seven million feet of forest-covered land, with six miles of improved streets. Includes what remains of “The Triangle of Increasing Values” between Connecticut Ave., Massachusetts Ave. and Woodley Road (Cathedral Ave.) Over five million feet of land sold. Over 130 homes from $15,000 to $200,000 built and under con- truction. Wooded villa sites, lots and central and side hall homes, with lots from 50 to 115 feet front—Park Office, 32d and Cathedral Ave. (Woodley Road). Middaugh & Shannon, Inc. Established 1899 Woodward Building, 15th and H Sts. MEVBERS WASHINGTON REAL ESTATE BOARD. 3801-3829 Windom Street In this group there are several types of dis- tinctive architecture from which to choose— but all are of the same high Standard—Kite built ‘and owned. They are located in the choicest section of the National Capital— Chevy Chase, D. C. Chevy Chase, D. C. Perfectly finished, with many conveniences not usually found but which contribute so greatly to the pleasure of home-making. Call at the local office—4401 38th St., and have our Mr. Hamilton take you through these homes. You may phone him at Cleveland 1490 for a spe- cial appointment. Connecticut Avenue cars to Albemarle Street— turning into 38th and then it’s but a step to Win- dom. Or Wisconsin Avenue through cars, getting off at. Windom Street. $10,500 to $11,250 Convenient Terms Don't put off inspecting these Homes—they are going fast, and you won’t want to m the opportunity of making one of these Homes That Will Instantly Appeal— Houses your very own. Located in a select neighborhood at Mass. Ave. and 16th SE. —they are conveniently situated to every- Also they have the Kite features, which put them in a class by themselves. Kite building jis noted for attention to: detail —compare the plan, arrangement, etc.,, with other Homes you have inspected—these ap- where. péal to the most critical judgment, Six splendid rooms and bath; sleeping front and back porches; hot-witer tchen =y ‘Sample Home Is at 1538 Mass. Ave. SE. - sanitary wainscoting in the kil and bathroom. These Homes were b that should it prove desi floor may be converted into a separate Apartment. Handy by is the Eastern High School and graded schools, churches, stores, car lines, ete. logical place to buy a Home. Price, $8,250 Convenient Terms A most 4;:5 and 6 Room Homes That are Exceptional Everything about these little Homes is ex- ceptional, In the first place they are Kite de- signed and built—that insures quality—and they are situated in the midst of the nicest surroundings in Northeast Washington. You'll like everything about them, because they are different. 3110-3128 " Newton Street N.E. (Just off Rhode Island Ave.) Completely detached Homes that are fully equipped to make housekeeping a pleasure. Into some of these Homes we have built Murphy Wall Beds, which fold up—out of the way—during the daytime and release that room for any other purpose desired. Hot-water heating plant, gas and elec- frical fixtures, modern plumbing and per- fect bathroom fixtures. Take cars leaving 15th and G Streets N.W. and ride to the corner oi Rhode Island Avenue and Newton Street N.E.—scarcely twenty minutes from the Treasury Dept. $7,550 to $7,956 Convenient Terms Open for Inspection Every Day and Evening For Sale by =2~ | Harry A. Kite Incorporated Member ‘Washington Real Estate Board