Evening Star Newspaper, February 16, 1924, Page 17

REAL ESTATE. Michigan Leads East Central ; States in Business Activity Babson Finds Industrial Income Greater Than Agricultural—Dairy Regions Prosper in Spite of Handicaps. BY ROGER W, BABSON. remained relatively. good even when ales were at their worst in other Brecial Dispatch to The Star. - 14 [AEricultural territories. The resistance BABSON PARK, Fla., February 16— ‘Which th ing résion show to The east central section fs more ac- | busine worth bearing tive and is distinetly in a better posi- in mind, z .:1'1 t may be danger- Tiohy Biisinesswise thau, cither iNew|20s UHED eatlrcly on precedent. England or the north Atlantic groups ok e R nmcmgun is leaging, w lllh ;[.]m{n <;r e Al e renions un 3 per cent npared with busi- | ness a vear Kentu comes | second in the group, showing a gain | TR Atehigan: ©of 17 per cent; Indiuna follows with | tral states, 2 zain of 16 per cent; Ohio also shows| With the exception of Indiana and a wain of 16 per cent, while W LN e e nt better | ¢ to around a 50 Ilinois is running { per in3ilinods, Michizan 10 per cent ahead of the f twelve months ago. a whole shows cent over last year. Michigan Has Advantage. The fact that Michigan is leadink in this se linois trailing, in this 3 fair shape T ppen to other If bu manutacturing centers during 1924, it should ‘pick up in the agricultural ons. . What will be in one Td for these states will be th adi N intere central West ave i stconger posi- greate: ) se of the wast hecause ¢ Tlinois has the ¢ are “protected” both from for- Michizan has ¥ 0 [ iz aud home competition by high off: this will d of cour lght rate ho use to wh a1 Seex Rate Rendiustments. put. Comservative bankers i g Washifston fehentiy. I meantime are favoring liino time studyinz the cuuse of its div 1 source e Yeiin vy come. Fonaress. 1 am con Twentyifive v aio this sect was almogt entirely asriculiural. I since that time T have ! hore wnd ] more impressed on sit with the | ooty ‘ s incroa versity of inierest : : s Ken place in et i the sources of purchasimg power. To- y we find income derived from the | ot D foilowing sources aa e Speelul Sources of 1 With the fars Tllinois—Manufacture 5 wine stock proc m Michi: number about it is fairly erops, per ce mineral pr © per cent; live stock products cent. Ohfo—Manufactures, §9 per cents ops, 19 per H ral produ per’ cent; live stoek produ vie i : two w farmers al pros Y would otherwise go out products, } of tha eas al states in form Secondly, | Wisconsin—Manufactures, 24 per of this cent: erops, 32 per mineral | secti tection than pr 1 per cent; live stock prod- | the + form of high uets, 13 per ce t n manufactured goods Michigan—Manufa - tively handicaps outside r Middle West. 5 per cent, a change in railroad tariffs Industrial Tncome Largest. much to build up the indus- that w1 centers of the middle west, the o valley and the Pacific 18 industrial st ] The crop! c are still The six states vomprising this east portant and it i sting to com- | central section contain the pare returns on thi with last year. Ind shows a gain of 16 1924 crops over 19 cnter of population is tod: ated in southwestern Indiana, th center of munufactures is located R incEeate while the center of | e wricu 1 fall in the.southern | return: Ohio, cent main: Ken: tucky, § per cent gain; Michigan, 13 | pi : 5 per cent gain, and Wisconsin @ & per| V ness in the United | s about 1 per cain. i ndicated by the Wisconsin, however, is doing ceedingly well with ests. During the dow: business, which bej the m spectacular { relative strength of the gions. It was shown not on tically, but personal obs that business in the dairying . omic centers of the United States. | THE FEVENING STAR, WASHINGTON,.D. C. SATURDAY, FEBRUARY Resldence buile by .0 CONSTRUCTON =" O7EL RECTO SOIFORWEE .- Apartmer_\t $150,000 Among Structures | towara the traming Construction §645.000 was authorized by lllam J. Eynon, at 3102 Cathedral avenue, Massachusetts Park. It wax designed and ddaugh & Sha to Make Investigation. amendment revising the tion system of the st P . !taken in the appointm Building Costing | Tax association of a ven to act in an upon which an the & 1 movement for tax | | adjustment advocated by the aggregating in 'value | Association of Real te B trict government in the issuance of n staté Toards through the ) last r were building permits during the week. The list follow Wardman Construction Company, | In monex is asked 1 the to build apartment, 1107 16th street; $156.000. Charles L. 20th street northeast; $4.000. Wilson, 30,000 H. D. Brooks, et southeast Jahn W. Herreld, to repair, gouth- fisconsin avenue:| The ©t corner 16th and ¥ streets north- $9,000. . Dockins, to build, 211 60th ci rue: $16.000. street north#ast; $5.000. E. L. Woodin, Cissell, to build, 3310-3312(3200 M strect northwest: $1 £7,000. H. P. Huddl to_ build, ten or fificen rooms, an lorama Circle; $45.000. D. T. McLellan. t 1 mithy, to 'build, 2202-04|sender reet northwest; $5,000 $50,000. 3 . to build, 10 mall town hostelries Kennedy sociation. { 1 of the uniform rule fo tion of all property at its true and semi-civie or; tions in the rax dopted Miller, to build, 3004 compulsory reapprais in hotel construction. perty at least once ev d call for passage of to build. 3419 20th amendment to the state Last year w. i $5.000. street northwest; build bank. h 27th s : $150,000. cost. . r, to build apart-| January 1, 19 larer have b total co approximately to huild, 5528 which is said to Crump. to' build, 4631-33 | eonstruction. ump. to build, 4631-33{construction. to repair, 1065 31st o: $1.000. [ ke ndolph & * Koester, to repair|severa Den Bosch, to build, | 36th street ne a0, 4414 Fes- arity and Trust Com-! northeast: 5,000, a result of the = 10 BREAK RECORD Construction in 1923, Total- : | ing $250.000,000, to Be Permits Cover. | reached. The amendmeat, in e | Exceeded This Year. Notable efforts to relieve the hous- the Dis-| being urged by the Ohio Associationting shortage throughout the country accompanied by a movement to provide more temporary homes In the form of ho a bumper crop of hotels In the and present that 1924 will biggest on the 5 rd with respect to number, value Luchs, to bulld., 1341- and size of new hotels completed and opened in the United States. hotels of forty-four-room capac ibeen. If all the hotels that now | of hotels was | well over $600,000,000. However, as | h a new high- value of new ddition to hundred were built, some 280 hotels, i ready is enouglgegew construction with no more than | well under way, » of it nearing | completion, and ugh other con- l' == —HZmZ2<>y Twupa rr>2n 1336 A Home Like This Is the Dream of Millions HANDSOME CHEVY CHASE HOME 1924, CAUTIOUS BUYING OF HOMES URGED Need of More House Owners, However, Is Stressed by Herbert Hoover. “Maintaining a high percentage of individual home owners is one of the searching tests that now challenge the people of the United States,” ac- cording to Herbert Hoover, Secretary of Commerce. Mr. Hoover s presi- dent of Better Homes in America, the educational movement for the im- provement of American homes from the standpoints of comfort, cofiven- ience, beauty and economy of man- agement. Encouraging thrift for home own- ership iz one of the manw aims of Better Homes in America. Govern- ment figures show that in 1920, when the last general census was taken, only 456 American families out of each 1,000 owned the homes In which they lived, a decrease of five famil for” each thousand, compared with two decades before. North Dakota led all other states of the uion, 653 familics_in each 1,000 owning the homes if which they lived. Questions for Buyers. Buying a home is often the largest Investment made by a family. The Departiment of Commerce has had ex- perts study this question—Dr. John M. Gries and Jan y they say the prospective home should catechise himself in this way: “What is the family's annual in- com d what will it, probably be next vear and the year after? “If "business slackens, is he likely to lose his position or have his earn- ings reduced? “Will any one else in the family be |able to earn an income? “What does the family now pay for rent each year “How much of the income is being aved “How much could the family afford to pay out each year in paying for a house, and for the expenses that {0 with' it?” Treasurer of Movement . Dr. Gries is treasurer of “Better | Homes in America. Mr. Taylor; his assistant is i These experts strongly urge that written agreements be made by home i purchasers in regard to financing, building and purchasing, with careful attention given to legal details. of long-distance motor touring. impossible to get definite data o e smaller hotels, but it is, safe to say tnatstheir cost| s at least $25,000,000 to the total. Thus the grand total of new hote ruction throughout the country i the present year is well above 50,000,000, according to conserva- timates. This twenty-five-million-dollar fig- ure does not fnclude the vast amount of hotel construction that is now under way, but which will not be completed until nmext vear. Present indications are that 1924 will be a | bigger vear in the matter hotel construction than 1923 has being planned were to go through, | hotel construction in 1924 would be in other years, many of the present) projects doubtless will fall by the' wayside, .or at Jegst be postponed until ancther yvéar-egiut there al- struction definitely-assured, to make it certain that at least another quar- REAL ESTATE. l{;l;g} Estate Board Completes ‘Organization for- Convention Harry K. Boss Heads Special Executive Committee; Other Groups Named to Prepare Plans for Meeting. The local real estate board has|chairman; Albert I Gore, Alfred mpleted its organization for the |fiighbie, I. J. Lampton, E. S. New- seventeenth annual convention of the | Man; Willlam . Ritchie, Graeme T. National Aseociation of Real E: tertainment—W. C. Miller, chair- Boards, which will be held in this vice' chair- city June 3 to 6, 1924. Announce \ o chairman ment was made by J. C. Weedon, eIl Claude. B, C president of the board, that a special | Hartuns, cer 1. Ho executive committee, consisting of |¢. Israel, e Harry K. Boss as chairman, with|Quade, K. Lot Willlam M. Beale and Jesse S.|Georse L. S Hedges, would be in complete charge Finance Committee, of the plans and preparations for| Finance and budget—Ben T. W the convention. The responsibility |ster, chairman; Clarence Dodge, vice for housing the suests, as well as|cnairman; F. W. Graham, vice chair- all plans of entertainment and hos- | i 1) § Dunigan, Theodore N. Gill pitality, will be Initiated by this spe- | clanq Livingston, John T. Meaney clal committee, with the co-opera-|ywilliam 1. Miller, Paul G. Rames, tion of a group of other committe THoabuon: The fol-| = pyjlicity—R. L. McKeever, chalr ol on ke ian; Charles P. Barrett, vice chair- ansportation—J. F. M. Bowie, {man; Eugene Godden, vice chairman; chairman; H. Latane Lewis, John W. Brawner. A. Gibbons, chairman; Monroe Warren, )k A. Jones, Rufus 8. Lusk, Rich- man; Her) T S ard C. Marshall, jr. F. Burkhardt, John P. Collins, John T ffic—Odell Smith, chairman P. rett and G. ¥. Hane. Mauric kham, vice chalrman; W. Hotels —Tho Bones, meron Burton, Vice chairman; Nor- man: William J. Flather, ir, v n . Brown, Douglass E. Bulloch chairman; Theodo iis C. Dismer, Milburn J. Donohoe, chairman; David r N. Edwards, George T. Everett, . R, Owen A._B. secker, J A. L. Wilson Whitman. Registration chairman: . El H. . Hermon Metcalf, rker, | Mé E !'l-“ Myers, John Shelps, W, W, g Quinn ullivan. Sl | " Baa G Dent, chair- A H Barry, vice chajrman; ! Kennedy. | JoseDh A. rt, 3t vice chairman: Campbell, vied | Alfred H. Heinzmann, + A. Brown, Roy W.| W. P. Lipscoml A. McKeever, C Condit, ri .. 3. “' : Eaton, H. G 5 Tl William 1. 7 on; | ter Joseph ¢ D Sightsceing—Arthur Carr, chair- man; William. P. Normoyle, vice chairmsa Joseph A, Pett vice e, " Park - Massachusetts An ex cely residential section oi detached homes. Contain- ven million feet of .forest-covered land, with six miles of im- proved streets. Includes what rema of The Triangle of Increasing Values between Connccticut Ave.. Massachusetts Ave. and Woodley Road (Cathedral Ave.). Over five million feet of land sold. Over 150 homes from $15,000 to $200,000 built and under construction. Actual im- provements and home values exceed $5,450,000. Wooded v sites, lots and central and side hall homes, with lots from; 15 feet front—Park Office, 32d and Cathedral Ave. (Woodley* Middaugh & Shannon, Inc. Established 1580 ter-billion dollars’ worth of new hotels will be opened within the com- ing twelve months. Member Washington Real Estate Board. Dupont Circle Telephone Potomac 2200 SUPERIOR—HOMES IN DESIRABLE LOCATIONS uality and Elegance in Abundance NEW—CHEAPER THAN RENT "~ Price, $7,450 $750 Cash - If you are planning to make your future home in this section, this home will fuifill all your requirements. Center hall, extra large living room, parlor, dining room, kitchen, five master bed- rooms, two baths, one room on third floor, hot-water heat, double garage, trees and _ shrubbery. Wide lot. IRRESISTIBLE HOMES IN A LOCATION SECOND TO NONE THREE BUILT—ONE SOLD BEFORE COMPLETION Price, $8,250 $75 Evidence of their supremacy is contained in the following noteworthy features: Handsome tapestry . brick Glass door knobs. fromtx, Double panel Rubble stone terrace walls. doors. Colonial covered front 'Transoms over all doo poreh. Many floor plugs. Extra large breakfast porch. Double sleeping poreh. Extra lnrge light rooms. Onc-picce comb Extra spaclous closets. aplzots. French doors to breakfast One-piece sinks. witches to all lights. Extra otest bullt-in sanitary tub. Ranxe. ation Servants tollet. Steel beam construction. Large, light cellar. : Conveniently mahogany kitchen. Built-in _ Green Refrigerator, large “Quality” Gas porch. Low radintors. Alley. The Finish and Decorations Are Accomplished With a Mastery That Will Be a Revelation There are only three left of these perfection homes. They are in a class above everything being offered for sale at the present time. MAKE THE OUTLOOK BRIGHTER. LIGHTED AND HEATED INVESTIGATE AT ONCE. Open for Inspection Daily and Sunday, 10 A.M. to 9 P.M. arranged - Mountain paved alley. LIGHTED AND HEATED Sample House, 743 Newton Street N.W. Among thé features of these homes you will find six large, light, bright rooms, tiled bath, hardwood floors, attractive electric fixtures, mahogany and white finish, glass door. knobs throughout, Arco Ideal Heating System in a roomy dining room, double rear porches, pantry, steel beam construction, good size yard to: French doors to Open for Inspection Daily and Sgnday, 10 A.M. to 9 P.M. $1,000 Cash Sample ; $65 Per Month 9 Soid—2 Left House, 1812 A Street SE. ~ REALIZE THIS: Your Rent Money Is Now Buying a Home for Some One Else. The Same Rent Money Will Buy’a Home for ¥ ou. Note the Maximum Comforts of These - Homes That Can Be Had at Mininwia Costs Handsome tapestry brick fronts Hot-water heat Large light rooms, Well arranged kitchen 7g-inch oak floors Breakfast poréh Sleeping porch Open ARNOLD AND COMPAN EXCLUSIVE AGENTS Cellar under gntirg house Steel beam construction One-panel interior doors Switches to all fixtures Corbin hardware Holland shades Deep lots to alley light closet for Inspection, 10‘A.M; to 9 P.M.