Evening Star Newspaper, December 22, 1923, Page 14

T4 REAL ESTATE. THE EVENING STAR, WASHINGTON, D. ¢, SATURDAY, DECEMBER 22, 1924, BEAL ESIATE. Sharp Tire'z Competition in 1924 NEW HOME OF GRANITE COMPLETED 'I'[HA'_ Ulr' mfln Data on Investment Returns Is Predicted by Roger Babson| —_— : = eumes = | INBULDING P,I.ANS' Sought by the Realty Boards Margins of Profit Greatly Reduced, 1 i i, ". 3 ; : Questionnaire Bearing onMortgages and Economist Finds—Analyzes Rubber In- : . | e ), ; R Permits for Construction In-| Mortgage Bonds in Financing Being dustry in Detail for Investing Public. BT g < I R O el d | clude Stores, Homes and Given Natipn-Wide Distribution. £ o O . a Hospital Annex. * s ‘:xv Ro '.—,“ Bamsox. | §f war. our own supply of crude rub- ¥ 5 3 2 ¢ . 7 & 4 ] Data that will give a nation-wide bankers have loaned 00,000 on R erny e De. | estimates indicate (hat the British b L j A ; A (Eg $ summary of Investment returns in|real estate morigages without loss iyt e ol 1| produce about 75% of plantation rub- J 3 i» ) o . o8 Building permits for structures ag- | the fleld of real estate mortgages and | Oy investor. & cember Brazil was the original | ber, the Dutch vbout 13%, the French 3 js . % gregating, in estimated value, $466,- | mortgage bonds as they are financing | four of the wre e, fortys source of crude rubber, but in 1913 [and Belglans about 5%, and America ; 4 A 7 sy 500 w y o | sani S Com g e A it Ak Atieica Ton itha ooner : 3 . ) - « 4 s ) 0 were fssued by the District gov-|the development of' Amurican citles | panies, represent @ Sohigan 4 b" Yl-" “A on "‘: ®"| hand, uses over 709% of the crude A . 1 ¥ " 4 % g . ernment during the week, as follows: | will be brought together through a | Freat 3ZErcgats of American savings, Efbwit matily flu| i arisnt Sinee | rybber of the world. At the last Con- % . : 3 i M. Yockelson, to bulld gas station, | questionnaire on real estate securi- |(heir mortrage —investmente Om. &t dato the use of plantation or|gress $500,000 was appropriated for 1 > b 5 y f x 3 4 ¢k Good Hope and Naylor street south-|ties now being sent out by the mort-|company, with an In o in assets cultivated rubber has rapidly In-|&n investigation of the crude rubber i 1 4 2 1 " of $10,000,000, has § ed al oreased, while Brazillan 1 o ¢ [ Situatlon in all parts of the world F iy 4 i S s 3 ¢ P 4 east. gage and finance division of the L SR 0000.000, Dias tnvasted il the hl‘\.:AL;p:u Pt ‘“’r‘lll’""‘“”"": The tdea is to find otit whether it ix £ 1 4 R - AT Thritt Building Company, to build{tional Association of Real Estate|feal catate — Cogcs on improved ve a ached the vanishing point. | possible and feasible for this country ; B8 g y " . > v ! D two-st ¢! 522 L street | Boar s The output of plantation rubber|to produce a large part of what it g \ s eatory, bridks store, 1028 i = e Real Estate Bonds Always Par. o5 1058 #ar Tstince e ol 1| need X 7 K 2 northwest; $9,000. e inquiry’ will deal with the two| Real estate bonds are always 923 or instance, is estimated [ "The tre tndustry in the Unitea 3 ; : < Kyavum & Poretsky, to build two|prime requisites of ‘any investment, |par, while figures compiled Harold at 350,000 long tons, as compared | States uses about 70% of the rubber A x i . 4 2 two-story brick dwellings, 1002 and |8afety and profit. It will draw from | Almert. Chicago engineer, ehow that Wwith 48,000 long tons in 1913. Bra- | imported, and naturally dominates Lot 3% i d i ; 006 et 411,000, | the, experience of 4,000 speafalists in | forty Iiated bond issues, comprising sitian crude rubber in that year was | the rubber industry. ‘Mechanical goods 4 ) e i % Loy LT e 004 Irving street northwest; $11.000. rcal estate mortgage loans, as rep- |raliroad. public utility and industrial 35000 lons tons 2 use 14%, boots and _shoes mis- 4 . 5 B : p SO A SR 1 T. A. Jameson, to bulld four two-|resented by their office records since |bonds, have suffered an average de 9, ong tons. and in 1 cellaneous products 8%. 1In 1922 the 2 R ; ¥ ) X story brick dwellings, 421 to 427 12th |1900. And #s findings are expected | Crease in value since 1903 of approxi- ahout 25.000. Plantation rubber iu|output of tire casings was around P : i = S to reveal material of great signifi- per cent 1922 suppiied about 93 per cent, or all | 38.000,000. and it is indicated that g 2 . 3 street northeast; $24,000. cance, not only to the great invest-| A t survey of in crude rubber produced. Well over 40.000,000 will be produced . 7 ] 5 T. A. Jameson, to build four two-|ment’ Institutions throughout the | N life_ineurance com Rubber Indi s this year. Automobile registration iy : i . # it ) story brick dwellings. 519 to 525 13th | country and to men interested In the (Danies o National Assocls ubber Industry Expands. for the year will probably average N g L el 9 DR5” 2 street northeast: $24,000. financing of real estate transactlonms, |tion of Real Boards shows The great demand for rubber for |well over 13.000.000 cars. R 1 » SO ; VR ¥ : state of J. R. McLean. to build|but to every person with savings to |that in the experience of these com- tires with the incre in automo-| As a result of the large profits in AR A # 3 ¢ « 5 i 5 bridge over private road at Wiscon-|be conserved | panies covering the whole investment biles and the comy vely the Industry, there was an abnormal S A : sin and Arizona avenues; §5,00 The study to ascertaln the desira- | field. mortgages show an average prices for rubber sev s 2 ansion during the vear. Too el / > bl 6 James Martin Company, to bulld|billty of real estate securitics, as|Bross rate of return of 6.1 per cent caused a large amour ital 1 e a number of companies were 3 4 / . o, Y {ght two-story brick dwellings, | compared with other forms of invest- |#8 compared with an average gross be invested in rubber antations in|attracted into the tire manufacturing X < o S » 4 -] oy 7o 501 to 5515 Sth street northwest;|ment, I8 the opening step in a cam- |rate of on 4.6 per cent on stocks the orient, al! the British | field, and competition s now very X s 3 iy p X b $30.000. palgn, undertaken as the central|and bonds, a 25 per cent advantage and Dutch col fes. It takes six to | keen. i ] b > 3 s W. C. and A. N. Miller, to build one | work of the division, to get befora|in favor of mortgage investments. saven years before trees begin to, Profit Margins Slashed. e, B % b p two-story frame dwelling, 3113 44th|the (nvestment public the facts ws| The mortgage and finance division produce profitably, so that = those 4n fNotsiss in ihe pilce or onias v 3 . . R street northwest; $7,000, (0 mortgage securities, and thus to,n0W has thirty separate committees early in the fleld obtained large e T e F“ inls ainos o " e 4 Mary F. Henderson, to build one|keep up the normal flow of invest- actively at work on investigation of profits for several ve: flota- R 10w o el ‘"‘ he finished b . four-story and basem dwelling. | ment money into the real estate|the facts in regard to specific prob ton of rubber plantation . with low prices for the Gnished B |y A D rthwest: $138,000. | feid. lems of real estate finance especially in Great tain, s o oy _"nd In" some cases wiped. it Hesidence of Churlen Langley, 3115 Woodland Drive, Massachusetts Park, just finished. M. Cohn, to build one-story brick Bearing on Business Enterprise. auto shop. 607 and €09 Massachusetts| 1y iy vital to general business en-| REAL ESTATE BOARD avenue northwest; $7,000. S Tied to an extreme and the investors wyre kept in a high state of excit Several companles terprise that this normal flow be ment. The result was that, despite|8re now having a fight for their DECURATWE E o o : 'Okle, to build one-story ite | v, stenc 1913 a8 & FFEcT Howard P. Okle, to bul « 1so inc yarnings w0 the contrars,cuttiva | VAT SN dverage price index a{timore to A1 bricic store; 2018 Wisconsin avenus | Fibialy ey consiatent swith conse AIDING HOME BUILDERS ca reyond preses s ‘now 3, & northwest: $6.000, tive practice, a letter accompanying | 5 needs and the price of crude rubber now. around e vomy . H. P. i to butld one_two- | HIVe, . Formation by the local real estat a declt : rubber | pared with 118 in 1920, and the low | | A s l R l . Huddleson, to bu ThegBUsbtionutlve sont ot 1o | mation by al real estate ayet s Smlncitoimian averane recard of 82 in 1315, S OF WALL VARI D'. aplta ealtors | TO R NEW HO E atory " srame “dwelling, 3640 Davis |15 Xellon e nent ot oy Neain ot's Siindtation Bor theper: rice in 1914 o s u With no grest increase In . 5 il th octation, and inancing the buildi t New York to 35 fn 1920. In . build one S JRose BCIng L DUCINES OF o i Intin 1924, the Babson chart shows E G Pmergency Hospital, to bul e e s e ML o " 132 the averake price for the Year | hhosint “activity at 3% below norma | g ntertain Guests merEsnek LORRAk 13 Dioncrete | Hiram, B ooy, chairmin of the | homes is the project reported to the 7 cents a poun {and the readjustment about three- |Tendency Today Tdward Severe 3 Cleveland Bank Says Newly Mar.|nurses home, 1737 New York avenue; | gggociation, polnts out | 1al Association of Real Estate Rastriction on Industry. fifths completed, and a consequent < Bpecial Dispatch to The - $125,000. Findings of the investigation will | Boards from Monrovia, Calif. The This critical condition for crude |curtailment in the demand for equip- Plainness, Although Many BALTIMORE, December 22— ried Rent Few Rooms W. H. Hopper to bulld one two-{pe placed before banks, a T the Monroyls rubber producers prompied the Brit- jment for new. automobiles, as well = The Real Estate Board of Balti- sory ek it Mool Delafield | boards, chambers of c: ce, 1 st e ish governmer to appoint a g as u smaller demand for replacemen 3 3 street northwest; | . ance companies, etate of business me W inown ss the |on account of thebrestricted purcha atterns Are Offered. more- bas notified the Wadhington and Live in Car. W' W, Stoner, to bulld one concrete | Jinloy “and the pupiic y , Stevenson committee, to make an|ing power on the part of the public, board of its willingness to co- block dwelling, 4940 Jewett street; Hi are slgnificant facts in regard operate with the latter city in en- $4.000, 1 curity and satisfactory interest |b investigation of the rubber planta-|the outlook is for a continuance of [ ! ) tlen Industry. As a result, the Brit-|the present competition. ain-colored walls prove accept-| tertaining the 4,000 members of The Cleveland Trust Company in a| H. R. Howenstein, to bulld 8even |resurn of mortguge investments as | two-story brick awnuu"HHo o[ already ascertained by the investig: ist colonies, with the consent of th (Mr. Rabson, the noted statistician and |able to the taste of some and also| the National Association of Real [recent statement points : t that the : 00, ' MEih Eovetnment: passcd s economist. will continue bis special articles f yui oy Lo Eatate Boards, wno will hold th POIntyian 1118 E street northeast: . tions of the association’s mortgag strlcting the shipment of rubber by |3 business and ghancial conditions in nest he room. But most neople mre-. ool o E N A AT ID’;“v‘em,:'S American people are mpending $2 for An% flnl'nc:"i)!\vln?r;” "‘ |nrm1«n is now 'weanty-eight Chicago mortgage ciation I + day's Ster. He will give s review of | for some particular arrangement of automob) Means of an export tax. “Standard | g Ao b s for 10240) gement of | from June 3 to 6, (nclusive, in the |AUtomoblles for every §3 of outlay production,” was fixed as_of 1920 at N 810 ST RE D S or some pattern to the plain| Capital, according to C. Philip Pitt, |for new bulldings—not merely for T,W0,000.000 BUILDING 335,000 long tons. Exportations up . Some walls, such as those of a| #ecretary of the Real Estate Board |homes and dwellings. but for all BRlCK PRODUCED YEARL 10060 pe Cont 07 i et uea? | MIORE STABLE BUILDING | vin room, must stways be rewasaea | “fpiimore © 50 50 00 | i of "Suilaimge. ~ They ade. ehat peund. exchange beinz taken at pa @s a background, hence they cannot| tives from all of the 495 member |QUring the past four years motor ex- - M S8 h se! Aport taxes on rubber b CONDITIONS ARE SOUGHT | weil be broken up with color, so that| boards of the national assaciation |penditures have amounted to about|@dd Sizes Discontinued by Re- assachusetts amount increas. rapld - et thefr flatness is destroyed will attend the convention, $6,600,000,000 and those for new bufld ing to make It unprofit > Broken color effects are designed | S | T ulld-| - search Work Conducted by Port beyond a certain ton Crude | Contractors Will Try to Avoid|to afford richness and add varlety to bl 4#10,000,000,000. Frequent- Park Tubber the latter part of 19 was| 5 an othegwise plain wall. In such case | has some little hollow Ive i y nowadays the newly married rent ‘ommerce Department. u,rmnlu its low po at 15 cents a} Spurt” Method of Construc- the colors should be kept refined and | strong .-m:; coat of ‘:»:ic:n:.fe ”nn; @ few rooms and live in their car. g pound. The ]xg“ ent into - effect Hon Wew in’ Vogus. harmonious. Whatever ornament | When it is dry apply a coat of white| The American Lumberman give Seven billion building bricks are November 1. 1 nd by the latter . ghould be employed shou'd be original | lead paint thinned with ofl and tur- | the foliowing (nterestin roduced h year in the United : i ial sectio f deta d h art of January, 1923, crude rubber o . and specially designed (or the room | pentine; after which you may finieh | Earding thisquestion o o et An_exclusively _residential section of de Aty a Yisen to about 3 ts 2 pound |, Reduction of construction costs s |and. both in scale and style or orna- | It With paint as you o o hard An® | Mobile veraus the homes Bhte oo "'fl":.::‘.':::(;; or* || Containing seven million feet of forest-covered land, with six rch wor! 3 P { A3 wow miles of improved streets, Includes what remains of fh the New York m to be sought by thousands of con-{ment, belong to it Ished wall & . 3 . : A recent survey of twenty-elght - Fate Ionnen, Manuwthcturars: g‘l‘Tlebr:.r‘Zp?';‘"l:’Z- :v: '(‘h',f",‘,’{"',‘,“_fif \_e':':op[l:inflonny ‘:’,2"“;:,,“’“‘?’1 .;. p Th\- I:An,l-h v!;\-?;hbe efther m.anny 'm;m'-hlnl mr ‘nnr(h‘relt diseloned {he Department of Commerce the brick his law has n Sily sticoas ! z re P s, a color ef- y—white finish, tint or r. The [fact that within a certaln period of y e 1 1 Agns oz, hen neturally, stired up {musl weeting of the Assosiated Gono fects are used they are’ simple and {last coat may be cither a ‘dead fl:a‘t_’(lm.» 1,600 automobiles had heen sold ;"ei:’:;’;h'l‘:; ‘:;:’e‘:; ;:,B?,":h:::e‘;l The Tnangle of Increasing Values of manufacturers us ! he ) 2o, uary 21 23 < active. o flat wall paints |gloss or shell finlsh, as you pre- | while the people had bullt only se: i Ave. ss ve. : J\ anufaccurers sing rubber in held in Chicago, January 21 23, have therefore great vogue, also | fer. By laying the proper ground you o T Vilvartety of odd sizes of bricks that || between Connecticut Ave., Massachusetts Ave. and Woodley e e that thelr Intorsats:ab | il g rayuial caicimines, says the ( can "':.;;fw‘:; Ilfl:;l:‘h .ctl;yum%a of- were formerly manufactured and |l Road (Cathedral Ave.) Over five million feet of land sold. P Jthe {well as service to the public, eall for | The sand-finished wall lends itae ¢|acumbled. leather qr fabric effect | w 3 "‘“"f:,:&fy"::;';"fn',';"’"‘;‘ch:-.h" 1211 Over 150 homes from $15,000 to $200,000 built and under con- N an n tion, as far as possible, of | to good decorative effect v | v ve y approx 2 i 5 : P u L supply. ct. it is stated that the | the present “sprint and sp o= It Irt i the matural AN ey he | A e e D e e | e e R o Shs s siated the only exception now to || struction. Actual improvements and home values exceed Zna that aoitn) steuctionjseason he Syniastors are | deno dn sithey ollor water color Bt | Coripialn paintng mas In'ofl | saving the fact that much money 18 | Feydio e oins one" sae of smootn. || $5,450,000. Wooded villa sites, lots and central and side hall Carried out shortl will not be | tensive efforts to do three things: |ness rubbed off, using water and - show very'fine | being cxpended for pleasure that | ficeq brick for special exterior use. || himed with Iots from 50 to 115 feet front—Park Office, 32d enough to m he demands of the [ Arrive at means of producing maxl- | float or cork trowel. This fetches the it Lt It/d | il [4n which & very alight satistion i d Cathedral Ave. (Woodley Road) growing outo e industry mum efliciency for operations under | 100se sand to the surface and glves|cracks with a rather one dimenston is permisxible. . and Cathedral Ave. (Woodley ad). Others c that the United States | favorable weather conditions, in-|a Smooth and regular look. | paint, rubbing it well | he w. | “"With the government now defi- . should ha s own supply and be | crease the voluma of winter comstrues | 17t is to be off painted the wall is | oad atter lottian 1t ey Smeotr oft oy | formly, dead effect. This may be|nitely suppofling the brick industey MIDDAUGH & independent of foreien countricn for |tlon und encouraxe Biorage of con. | alzed With rosin. or Soccalled gloss ol | procecd s unual | Finiah with ol | OF soiled with fime and & freth ogt | brodust fe ts expected that before > s important commodit It i ructl i thinned with b e e addi co int—no 45 b 0 roduct it is exp: SRR Dointed out that, especlally n case |l :;rr:cll‘c::n:lr‘g g Briods |t some DiReter of BArIE i et omiicn | EHOE pelutc not At avvhen dry. give | may ba applied. 1n this way thelong ail specifications will call for Woodward Building, 15th and H Sts. stop a of cooked starch and stipple | original paint retains- its original|standard-sized brick, to the great Member Washington Real Estate Board. tion and A1l the pores. it as you proceed. frashnes, n Al ] g s indefinitely and th, i1 1y of the brick industry, If the wall rouh. uneven and | This will Rive to the surface a uni-| may b nsed with any nalated wall " bos ro-uil teers of brick e | | o Ll Attention Home Buyers!! e | New Homes! The lowest price of any new homes west of 14th St. $ ? BalanceOMg\thgaSh e g o T Announcement! gth Stc at Fan‘agut xpense of owning a home on these terms ip less than - 53 H : X Bz : il ' ) . ;fl:t.] ln]l';: [laazl;a\\;g‘H}?‘f}Y o catutes Dottle rear > : ot MO RE lLL ‘ b ol o Bormhed b “?fiegfllcfiirifi “under the orch, ar e IN!—A delight to any woman. % g cen completely furnished by ¢ . s ‘ 4 supery ir-yx‘\ of their interior decorator, and is open for your inspection daily until 8:30 p.m. Lighted evenings. EXl'libit House, 1452 Ogdel'l st- N w | s Bt v o : = A ‘_ " —lncorwratd— il The superior construction, ideal location and con- venient plan of these homes make them an outstanding Inspection Invited—Open Sunday ' i ; i | | value. Brief Description V. T. H. BIEN, Inc. ] e .- ' . - i ; S announce their removal to their new | o h;n. S ke s o Rl Ao Bl 3118 11th St. N.W. Col. 9636 offices at | ;x:rf:' E':i’.m:‘ wfl&.:, concrete front porch, 730 17th Street NW. [l = w.a.punican SPEND YOUR NEXT CHRISTMAS IN YOUR owN HoME || A G oo gl Ouner and Builder Phone Main 1174 The Best New Value Ever Offered e ' ~ [l N. L. Sansbury Company, Inc. An Inspection Will Convince ¥ou o . dem | | 4 ‘ Exclusive Agents 5 : : 1T We extend a cordial invitation to our 1418 Eye St. N.W. Phones Main 5904-5 8 750 9 { e 1 ey |, : : iR | friends and the public in general to visit “Everything in Real Estate” $ ’ to $ ,250 _ B i . S I ST our new offices. : —_—— EASY TERMS! e : ; i We are equipped to serve you in all Exhibit House . o ; Jovww eU T - v "“ branches of thle real estate field. | mbe wi[lgnn"a 716 Decatur St. N.W. . 830 K S N.W Descrip e 4 Officers: TO BE FULLY COMPLETED JANUARY, 1924 Piii: ';;l:’ and :Dlnimu rooms. 1 7 (o Haded - ‘ . ING MADE Tl e A s J - ! Wm. A. Hill R. Owen Edmonston, jr. RESERVATIONS NOW BEING . backporch. *Kitchen ity i President and Vioe-President THE WILlLS(iNlA di; the latest, most mmn with white enameled cabinet, one- Il B ; . . ot and conveniently planned apartment house in V - l;:;ee porcelain_ -ink“-;;“dr:?:. : — : AV. Hayden Collins ington. It contains many features not found in any e e : S Secretary | other building. GREAT BIG SCREENED SLEEP- large bodrooms, sach with large : e L | ING PORCHES, latest type of wall beds. Every closets; extra linen closet %.. ) I kitchen and kitchenette fitted with ventilator for re- hall; tiled bath with built-in i Manager Rent Department I moving smoke and odor of cooking. Eight floors fxtures. Master bedrooin, 11x19 | Samuel C. Hill, jr. ! g of housekeeping apartments, comprising suites of 10 oot ouble rosr porshes are || fif L ONE, TWO and THREE ROOMS most ideally ;?n‘:l:.:bl 'l'uiod:u.“‘ xond = full b ’ phm;ed. Every room an outside room, filled with %’ :,” '": 5’."."";" i R ‘ Sales Department it | = .nSVlilchbocrd and Two Electric Elevators aily and Sunday ] o4 ‘ For Inspection | i . p Joseph B. Boone E. Contee Meredith it ALL'NIGHIT SERVICE and Decatur street; walk tw I ! - J. Leslie Watson Joseph P. Hannan Il et FRE > blocks east to property — or . ; 3 A 4 / downtown district and is within 5 minutes’ walk of phone for free auto servic | 3 . ¢ Sk g ‘ 7 Frederick J. Chapii? ‘Wm. 1. Slaymaker the Government Departments, theaters, financial b e Albert R. Baker i district, clubs, hotels and downtown business houses - I i and department stores. EAF p ,;T ) Members of the Washington Real Estate Board i Rents Range from $45 to-$85 For Inspection and Reservation See Owners and Bu ' ; 2 . ) ‘ i g , 913 15th Street N.W. il : ! i MRSI-‘“sll(N;l:Egl:;mteh; .Ex:zc:ford