Evening Star Newspaper, February 16, 1924, Page 18

REAL ACTIVE MARKET * SHOMN N SALES Hedges & Middleton An- ‘nounces Number of Proper- ties Sold During Week. An active market for all classes of property is indicated in the report made today by the office of Hedges & Middleton, Inc, of recent tran actions agzrezating in value $301 Included in these transfers were two | modern apartment buildings large frontage on upper 1ith ESTATE. Building Operation of building and loan as- sociations was explained to the real estate class of the Y. M. C. A. by C. Clinton James, a member of the local bar, and second vice president of the United States League of Local Building and Loan Assoclations, “Membership in some form of building and loan association, when- ever possible, Is perhaps the most satisfactory way in which to arrange for financing a home,” he sald. The study of their record for the past ninety-three years justifies the be- lef that no man of ordinary health, ability and purpose need deprive his family of the benefits of home owner- ship, provided his community is served by one of these local co- operative thrift associations, various- and Loan System - Explained to lfi M. C. A. Class THE EVENING STAR, WASHINGTON, D. C, SATURDAY, FEBRUARY 16, 1924. $200 in some assoclations—and re- duce the monthly payments §1 or $2 Der month, respectively. “If he keeps the same monthly payments and takes the option of canceling a half or a share, when he,has paid in that amaunt on the principal, the interest payments get Smaller and the principal payments get larger. For {llustration, sup. pose a party obtains a lomn in D. cember, 1923, for $1,000, takes out five shares of stock and pays $5, if he keeps the same monthly payments, to wit, $10, and desires to cancel a half share of stock, when he has paid in $100 on principal, this loan would be paid off in twelve .years and cleven months. The borrower would have paid back to the assoclation $1.423, $1,000 being principal re- turned and $423 being the amount of interest he would pay for the use of the money. BUILDING IN SOUTH SHOWS NO LET-DOWN Decliness in Some Cities Offset* by Gains in Others—D. C. in Fifth Place. Special Dispatch to The Star. ATLANTA, Ga., February 16.—The expected decline In buflding through- out the south failed to materialize during the first month of the year. According, to figures compiled by the survey department of G. L. Miler & Co., 'real estate mortgage bond nouse of Atlanta. the total of build- ing -permits in the citles of sixteen southern states for January, 1924, was practically identical with that for the same month in 1923. Not only were the totals practical- 1y the same, but the number of cities showing gain or loss was the same. While certain centers, notably Louls- REALTOR BOARD COMPLETES PLANS FOR CONVENTION (Continued from Seventeenth Page.) chairman; L. T. Gravatte, Frank R. Heley, Lanier P. McLachlen, A. N. Miller. Reception Committee. Reception—J. C. Weedon, chairma Willlam H. Saunders, vice chalrma John L. Weaver, vice chairma; George Y. Worthington, vice chuir- man; Charles W. Fairfax, vice chair- man; Lee D. Latimer, vice chairman; H. L. Rust, vice chairman; Harry K. Boss, vice chairman; Charles Shreve, vice chalrman; H. Clifford Bangs, Willlam M. Beall, James Becker, J. McKenney Berry, A. Bishop, L. E. Breuninger, Charles B. Caywood, John H. Clipper, H. Brad- Weller, H. Grimm, Howenstein, Edward 8. Otho C. Robert C. L C Grady, Handiboe, chairman; Lee D, Latimer, jr., vice chairman; Barkley, Eirckhead, William A. Boss, | Breuninger, jr.; Edward R. Carr, H. H. Carter, 'Joseph J. Crowiey, K. M. Howard, Leigh, Barl M. J. Weedon, Harry 8. Welch, Joseph I. . H. Westcott, R. P. Whitty, Walter R. Wilcox, H. K. Willard, J. M. Woodward, O. Automobiles—J. D. man; B. Zantzinger. Cnylish chair- vice Guy L. E. Owen Mackintosh, F¥. E. Middleton, Tudor Morsell, Frank A. O'Neil, llam 8. Quinter, H. L. Rust, jr. Shapliro, Joseph Smith, S. Stonebreaker, James Sullivan, Leo A. Walehe, Robert B. Warren, O. B. Zantzinger, jr. President's dinner—J. F. Maury, chairman; Charles A. Jones, vice chairman; J. Benson Thomas, vice chairman; Robert F. Freer, James B. Schwab, Cyrus Simmons, J. Curtis ‘Walker. Satisfactory to Dad. From the Boston Transcript. “So you want to marry my daugh- ter? What is your financial stand- . sir, I've figured out every exemption possible; I've had the best legal advice that money would se- cure; I've done evervthing I could to dodge it—and I still find that I can- not escape paying an income tax.” “Take her. She's yours.” A modern _fireproof apartment building, 2106 N street northwe: acquired by CI from Joseph H. y acquired the property located on the northeast corner of 14th and 1 streets. T cet bullding c tains fifteen and four rou One of t completed b, ley_Davidson, Floyd E. Davis, John F. Donohoe, Harold E. Doyle, Geor J. Easterday, Percy Fost Edward F A. 'S, Gardiner, Glo ly termed building and loan associ- ations, saving and loan associ- ations, homestead assoclations or co- operative banks. “The total assets of all associ- ations are now approximately three nd one-half hilllon—a sum too great “If he had & straight mortgage loan on his property for twele years and eleven months, he would have paid $775 interest, it the loan could have been renewed every three years for 1 per cent commission, there would have been four renewnls F human appreciation, Since no man | SMOUNINE to $10, Which wouta i ; an understand - whole power and |his interest and commission $813, und new 1 force of thirty-five hundred million. |he would still owe $1,000, the prin B Smi main object is to receive | cipal sum.” vkl Ry & vy from members and to loan it Jeremiah J. Wholihan se is se who want to build or buy of wmod light brick struction | homes—to do this on fair terms and and cont six_rooms. under a particularly convenient re- nd sold her return the loans are returned to the members after modest operation expenses have been ed for and after setting aside a to act as a safeguard for ville, Washington, Atlanta, Tulsa and Baltimore, showed losses, there were other cities which made notable gains for the month, lor, : cilouston, Huntington. W. Va., and dni LW i e e harlotte,” N. C., each galned over s - o million’ dollars; while other large il I v, Ter increases were “reported from St’| coran Hill, A. ©. Houghton, H. R Louls, LEirmingham, - New Orleans. | Howenstein, Jerome Hubbard, H. A. Wheellng, W Ve ogsiveston &nd | iite, J. Leo Kolb, George W. Linkins, thene Were. Gooast , 2 M. J. Luchs, James B. Nicholson, Ger- Tnre bundingegoned by et S8l | 4on * Nordlinger, C. Norment, Huntington, whora the million-dolias | 4°0rge, O'Connot, Vernon G, Owen, o irteens | H. M. Packard, M. M, Parker, Thoma coal exchangé building, & fourteen- | - ‘o fAskprdy T M, Tark Soase W story structure, was begun, g 4 There were thirteen citics which | Rawlings, Edmund D. Rheem, L. W registered a milllon or moge, while [ Richardson, Percy H. Russell, C. D. nine more were above the half mil- N. L. Sansbury, B. Saul, tion st John Scrivener, Herbert T. Shannon, With Fa58 Willlam E. Shannon, James F. Shea, with '$3,481,167. Da €. W. Simpson, John P. Story, W. W. cities of the farther with | Stuart, Willlam M. Terrell, H. $2,996,770, with Houston close be-|Thornton, Hugh A. Thrift, Allan hind, with $2,057.654. Washington lost | Walker, G. Walker, Willlam I considerable ground and took Afth| Walk J. Walshe, Charles position, with $1.972,575. with Kansas | Warden, Bates Warren, Harry Ward ity reporting $1,747,800 . !man, D/ F, Weaver, G.'A. Weaver, C. o ol [a[e——=[o] ——=]o]c—— [0 ] 7] 4 Sold—2 Left One Semi-Detached House at $14,950 —aud the magnificent corner house pictured here are still available, Pillage 1y Overlooking Washington —— Predicted Power by Radio. Dr. Hugo Stelnmetz, whose develop- ment of electrical sclence brought him to a place of eminence in the scientific world prior to his death in 1923, 1d shortly before his death that those adults of today who lived to a ripe old age would see electric power transmitted by radio over a (I'I. ance as far as from Chicago to Canton, China. He emphasized the | word “power” and said much of the world's work would be done b when it wi 5 having eight ro A s angalow. street, was pu Robertson from Ad; situated on a lurg rooms, Homes Expressive Of SUCCGSS Public Protected. “There are federal and state regu- ch protect the public and m apartment building, 17 < aintain a safe program. 3 The regulations had the effect of keeping sellish and questionable in- terests out of this field. eration the two To become an investing member ing, 1540 7th s of a building and loan association 20 s 5 you can start an account in the as- tion operating on the permanent which means an associat cclares a dividend each year, deposting $1 up. and such other | ams as one may be able to spare | from his income. ! it s fully de HE successful man of today looks to his permanent home as an expression to the Community of the measure of his accomplish- ments. But such a home must be located amid others belonging to those in a similar position in life. expe of the Stor to building rooms. modern investor purchased Wholihan the K from The English Village offers just such an Sample House, 3230 K2 Woodley road. Open daily Oppestunity; for inspection; Sundays until 9 P.M. g 7\ .- 250 “for | of allowing nrincipal, | the interest on stock ate in the full earnings of | sociation, or, If sires to | his monthly pay eling a half share o ociations §100, or Q‘filllfifl!lflfl!ilflllflllmll!llllllllIlliiiliIfllmilllll|I|!|lllMH‘II!lllllfllflilll!llllll!lllllll|||||]||||||||||I!ll|l|!|"" il A Beautiful Corner Home Center Hall Plan—Absolutely Complete Speer sold a modern det: et, Chevy C uce thoroughly The Houses In design these exceptionally well-built homes are along the English lines of archi- tecture, reflecting an environment of comfort and refinement. .The Spacious Central En- trance Hall divides the Library and ample Living Room and Dining Room. The Serv- ice Pantry and Kitchen are very large, with rear stairs léading to second floor. The first floor is nicely adapted to entertaining. Four large Bedchambers, with two communicating baths, lead from a large second-floor hall; while on the third floor there are two nicely finished servants’ rooms and one bath; also a storage attic or trunk room. There is a two-car garage in the well-appointed base- ment. crty and hus six room Our Representative on the premises will be glad to conduct you through these un- usual homes and supply any information you “may desire regarding them. Even those people who have not bought have been unanimous in their praise of these house: they have appreciated the location and have gone away to send others to us. You can pardon 8 then for saying that in these houses we are offering the best value on the market today. Whether you buy one of the two remaining ones or not dom't fail to see them. Brick Garage With Each House Features: = Harlwood floors throughout, gum trim, open fireplaces, heated breakfast room, heated sleeping porch, outside pantry with built-in refrigerator, instantaneous heater, built-in ironing board, floored attic, special electric fixtures, built-in tub, shower, extra lavatory on second floor. Open Daily and Sunday, 9 A.M. to 6 P.M. To Inspect: Drive out Massachusetts Avenue to Fulton Street, then west on Fulton to houses, or take Wis- consin Avenue car to Fulton Street. Wm. S. Phillips Builder—Realtor Southeasi Cor. 17th and Varnum . N.W. ttractive location, with beautiful surroundings. Brick—semi-detached—of very generous di- home that is unusual in its arrangement. living room aeross the entire In a ver Built_of mensions ( liberal room size ar v there are ¢ large room the en : two compl bath nts room and bath in bas - at end of deep lot, with alley 15th St. at K N.W. lce——lole—=——"nlol—2|ale——[a]c——|o|c—=|o]c——] ment. in rear. Owner leaving city has authorized us to dispose of this home. We Invite Your Inspection at Your Earliest Opportunity Open from 11 A.M. to 7 P.M. Sunday, and from 2 P.M. till 6 P.M. week days. rice and Terms Attractive ' L. E. Breuninger & Sons EXCLUSIVE AGENTS 706 Colorado Building Realtors o] lfl [a] lfl o] fl E( ml { o] lfl o] lfl o] | o] || Dunigan’s New Addition Just | Around the Corner From Grant Circle In the Beautiful Subdivision of Petworth Are Nearly All Sold Open Daily and Sunday Until 9 P.M. If You Believe in the United States—Y ou Believe in Washington! Take Advantage of Midwinter Prices and Terms by Buying Now Many shrewd folks are purchasing homes in advance of the Spring buying activity, when the more active market is certain to make prices firmer. Contracts made at this time assure Spring occupancy. Chevy Chase, D. C.—$12,000—Very attractive 7-room and 2-bath brick, h.w.h., elec., porches, hardwood floors, screens, awnings, garage on lot over 100 ft. deep. Fine condition. Saul’s Addition—$12,500—Only $1,500 cash and very moderate monthly payments, new 7-room and bath brick (4 bedrooms and sleeping porch), h.w.h., elec., hardwood floors; all modern features; on lot 142 ft. deep. Near 18th and Col. Rd.—$10400—Here is a real bargain. Only $1,500 cash. 10- room and bath brick with 6 bedrooms and sleeping porch, steam heat, elec., all mod- ern features, servant’s room in basement, fine condition. This house was formerly priced over $2,000 higher, but owner must sell before March 1st. See it at once. Mt. Pleasant Nr. Park—$13,500—10-room and 2-bath brick with h.w.h., elec.; all modern appointments, 2-car garage. Vacant: Owner must sell at once. Nr. 18th and Kenyon Sts.—$12,500—Price reduced $1,000, as owner must sell im- mediately. 8-room modern brick, with tile bath and extra lavatory, h.w.h., elec., front, rear and sleeping porches and built-in garage. Fine section. Downtown House—$17,500—Splendidly built, 14-room and 3-bath brick, modern throughout, with 7 open fireplaces; garage ; good condition. Price reduced for imme- diate sale. Colorado Ave.—$11,000—Only $1,500 cash. 7-room and bath semi-det. brick, h.w.h,, elec., front, rear and sleeping porches, hardwood floors, screens. Lot 40x90. Fine condition. Rock Creek Church Rd.—$12,000—Very delightful 8-rodm and 2-bath brick; built by one of the best builders; 22 ft. wide on deep lot; h.w.h, elec,, front, rear and sleeping porches, hardwood floors and screens; 2-car garage. 5 C St. S.E—$7,850—6-room and bath brick, enclosed rear porches, h.w.h., elec., front, rear and sleeping porches; good condition. Terms. Nice N.W. Resident Section—$6,950—Only $1,000 cash required.« 6-room and bath, 2-story brick, furnace heat, elec., front, rear and sleeping porches. Good lot to wide paved alley. Garage. ' Experienced representatives WHO KNOW WASHINGTON will show you the most desirable offerings on the market and give you sound advice as to prop- Main 6140 s A . 102 Q e ign appeals stronsly and_quiet refinement. contains thirteen large master rooms, with It &lso has butler's pantry; st porch: enclosed sleeping porch; numerous ; and, in the basement, a laundry room, refrigerator room, storeroom and butler's sleeping room. A double brick garage has been erected on the premises. 3 A particular feature of beauty is the presence in this resi- dence of remarkable hardwood panels and trim. Natural ma- hogany, quartered early English oak and American walnut form the woodwork throughout the first floo The spacious character of the home makes it especially suitable for a famHy of fairly comfortable means, to whom more or less formal leasure. e ame ‘has beon. compltely and siaboeately Temoteled" throughout and contains evers convenience dexired by the most discriminating purchase 1ts dignified beauty is enhanced by the large corner lot on Wwhich it is situated, erty values in every section. containing over 13,500 square feet of ground. Careful attention has been given 1o the planting of shrubbery. t will be open for inspection on Sunday from ten to five; at other AND IE 2 times by_appointment. i , AGE BOWIE & CO. Meaberof Washiaton Resl Bt Bowrd ° " 206 Lenox Building, 1523 L St. 813 15th St. N.W. Telephone Main 1519—1266 e Exhibit House - 316 Webster St. N.W. Six Large Outside Rooms Very Deep Lots to Wide Alley To i t take 9th St. car, marked “Soldiers’ Home,” to 4th and Up- shur g;:s::; walk north to Webster St.; or 16th St. bus, marked “Grant Circle,” to Webster St. D. J. Dunigan 1319 N. Y. Ave. NW. Phone Main 1267 Sasesataaseaseiiaiatataiateoitatisesetaatatatitaiat i itatatats s s SRS S AR A R R R S A R R N S R A S R S R S A R S