Evening Star Newspaper, February 23, 1924, Page 13

REAL ESTATE. Great Business Future Seen For South by Roger Babson New Foreign Trade Routes to Europe iand Pacific Expected—Road, Power | Projects and Railroads Booming. BY ROGER W. BABSON. ]éfisr\‘(zg{n ‘?.\‘aua:lv:]\;lm“l(]rl‘fiu“:r r‘fil BABSON PARK, Fla., February |is of loss valus by about 7 per cent I um convinced more than cver that | than last year. Oats show an increas it is only 4 o'clock in the morning ‘5 mv‘fr‘:“;z‘( ‘:l‘g nulw‘n n;r:_':_’:n. for the new south. Although this| poraioee 4 per cent, and tobheco over section '{s prosperous now, ité real| 100 per cent. In the aggregate the day of opportunity is only beginning | 6rops of Georgia are bringing about to dawn. The states of Florida, Ala- | 13 PEr cent more money than they did bama, Mississippi, Georgia, Tennessee. and the Carolinas are on the thresh- a vear ago. Industrial conditions here are slowing up a bit, but Atlanta od fo a new era. What has hap- vened in the west during the past is destined to some day become a very large and prosperous city. On travelling north into Tennessee fifty years about to take place in the south. In the past this section has been we find the > of the corn crop 17 per cent g than a year ago. Tandi pel by northern prejudice ndent almost entirely Cotton, however, has lost 27 per cent; hay, 6 per cent; tobacco, 5 per cent, and winter wheat, § per cent. Sw potatoes, oats and potatoes avera gains of about 17 per cent. The agr Dot neiEre: i} | cultural income has a loss of but P at mea e pes cont compured with a year ago, Nitle an imyosEnt and is picking un industrially. pendent entirely _upon_one wroduct is hand pp Now, how- ver, with industrial development al- ¥ ur way the south should by and bounds. Almost | North Carolina’s Status. The value of the cotton crop state and cily offe opportunities to men who are North Caro ina nt greater th c to work or invest eapital in Sees Prosperity During Year,. gricultn firures do not well for these states as the north, largely be- 211 weevil, but even so, ntinues to hold up in agricultural sec- upon cot sed 1 to rop, vut any sec- in a y heal ar Ithy increase. nd winter nt above o crop 11s slight a ts irren s gricultu W up to those of of the on e en per cent g point of view lina is 30 per @ year ago. the meantime, though some few rec, ¥ be noticed ase in the value of the holds ood for South it was more than Corn here 2 per cent Sweet po- { at better off- than it was Indust tendencies, in vorable in i rop in -ss than is more crease of about 8 per ¢ of lesser show s as follows: 156 per cent: winter wheat, 13 per | peanuts, 70 per cen sonvill i will offer ! the combined resulc i tively the best opportunitl alue over last ye: tuation temporar cent. Agricultural from very low prices, hown the gre retn in _strengiheni Toeup. 2 Citrous ‘Girowers' E Gencral Conditions Good. esult is an inérease | the combined value | Three about 63 per South Caroli test gain in this { building projects. i street THE EVENING STAR, WASHINGTON, D. C, SATURDAY, FEBRUARY 23, 1924, §326,300 BUILDING PROJECTS OF WEEK Six Homes to Be Erected by H. Shapiro—Tilden Street Permit for $65,000. .l;uildhls' permits issued by the Dis- trict up to the close of business! Thursday aggregated in value $326,-! 500, and included several homc-' The list of per- mits follow | G. M. Barker Co., to repair, 649-| [ €51 New York avenue; $2,000. Leonard, to build, 12! ware avenue southwest; McLeod Cut Stone Co., lin street: §4,000. Koons, to build, $7.500, ithy, to build, fourteen 6. Morris place north- 9-1231 000. to repair, | 820 Aspen 0,000, hapiro, to build, six houses. 315-1325 Allison street; $40.000 John L. Knapp, to bu . 2 2430 Monroe street northeast: $16,000. T. A. Jameson Co. to build, 1313- 1319 Taylor street: $30.000. H. Herber: to build, street northed st; $6,000, Antonio Oliveri, to build, 5721 14th orthwes $18.000. Co., to build, avenue southé 3417 24tn 1st st; . to build, 2620 Tilden WINTER BUILDING SETS RECOBD IN BALTIMORE $7,000,000 in New Projects to Be Started Shortly—Schools to Be Erected. a consideration sald to be $00,000 CLOGGED CHIMNEY BALTIMOR before in the history of Baltimore ha there been so much building during the winter as at present. Buil has been going on practically unin- errupted since early last spring there appears to be no let-up in sight. Approximately $2,000,000 of new in- | i Easily, Burning of Zinc Clears Out Soot Inside Furnace. PEOYG L0 Compared w H itry, where bi | the’ Babsor | {cent Lelow r | eral conditions in southe states are favorable. . for i 1 gain Crop Values Compared. The cotton corn crop i re about 15 per cent under | year in value, potatoes ¥ turn to an increase of about | ent, and <how 11 ner cent.’ Potatoes lost cent resnlt i sissippi is run { head of last vea is leading by 9 per cen cent head of North Carolina per cent in twelve outh Carolina shows a gain cent. lures in these s how a decrease, with the cxce a, which registers no chang | At all American ports foreign trade 1U€ | hys been weak during 1923, but fi \uror show that southern ports have m cerned. shows a drop in 3 per cent compared with lumber industry. dav nrovi th tississipp vey I am zroup of we Turnir increased month Louisi~n m states. south i we find |°F ast to Ala showing a gain in v per cent. Other n the following per cen’ potato nearly 15 ore than held their own. I am very | ! | optimistic as to the future of foreign . "Tal‘(‘ possibilitie: of Charl | onville, Tampa, Pensac Norfolk to the north, with ) s and Galveston to the Heretofore the great t e been between ¥ cats. 8 per cent; peanut: ent. The totn] v al produc of A 1 ¥ the same as last ves nd wes resnonsible for more favorable | routes | ditions here Our ste and rope. 1In the future we shall ints are active With ! develop new paths for heavy ter- | bama m national trade between the south and and in the ] it ..n the country, Georgla's Cotton Crop. The cotton crop in rgia 10 per cent greater in value than last i tion. i I | i ruction wor ctive throughout this Road building is booming. 302 TO 330 BRYANT ST., N.E. Just Completed Another Row of Our “WORKLESS HOMES” We invite you to inspect ! THE VERY UNUSUAL FEATURES IN A LOW-PRICED HOME A Small House Finished and Equipped Like a $20,000 House Price, $6,650—Cash Payment, $650.00 —balance, $57.50 per month, includes all interest and a substantial payment on home. SAMPLE HOUSE—NO. 316—OPEN | WAGGAMAN & BRAWNER, INC. | 732 Seventeenth Street High-Type Homes for Colored | 3022 to 3032 Sherman Avenue N.W. (i % - Beautiful six-room and bath tapestry brick Homes. Hot-water heat, electric lights, hardwood floors, tiled bath, front and double rear porches, ete.” These homes are attractively finished through- |lii out and are reasonably priced. Klavans & Poretsky, Builders | Convenient Terms. Representative on Premises 3 SOLD Sample House Open Sunday and Daily Until 9 P.M. WARDMAN Exclusive Agent 1430 K Street N.W. Main 4190 | Jevery I fl @ Q l @ | m dustrial and residential construction | slans he ca out soon, 2 ! D s carried out soon, accord-| yiany fires result from chimnes | iz architects and builde This | g0 that are clogged with soot, when | in addition to nearly $5,000,000 e 4 ¢ spa | building operations which was an-| they catch fire and throw sparks on | 1 last week, the latter includ-{dry shingle the chimney W number of hew public sehoo 4 stovepipe are mnot full of soot | which were wuthorizes jand stovepts AL Hlzed unber the is not o much danger if the 000,000 school loan foated I ts are carelessiy left open too = !long or the wind causes too hot a zer companies are coming back | fire at night when the stove is not to their former volume watched. | even though co-operati mple way of getting the soot by the farmers reducing pr knocked off the bricks is to n Super-powcr projects are spreading |cleaner of a f lled w through the entire south and large lor eight d small industrial plants about I springing up everywhere. Practically | sized s good southern cotton mill larze the chimne making money [the chimney has . been t The railroads of the south are look- abbed with the sack of stol ng better than ever before. The At- removed from the chim- itic Coast Line securities are now ok & e ilt-od hole with hovel. classed gilt-edged. thern rail- | "5, o help in removing | way bonds should be perfectly safe | ZiRC seems to LW In it an inve and even the Sea- | SPOt from Ingde ot pives end | o ato e, put the old | which was headed for a tneistose. Y ceivership two years ago, may now |dry cells from flashlight on the pull through. {hot coals o v Southern investments are looking | Ding with the better every day. bined with burning ai LR while will insur clean chimney. | Sttt Clean chimneys help draft and per- . a more ti oxidation of and, of this promolt‘slivfl hetter ventilation in the whole hou: | : rev ine is roofs. rec of Stoy that poi! th . who is now at his winter will continue his special ars d litions in neat FOR SALE: CLARENDON, VIRGINIA Attractively focated on 37th environments and churches; unusua'ly well buil REAL FIRE HAZARD| EXEM Walls of Flue May Be Cleared Income Taxpayers Can Deduct on Green, cl revenue ing idic only s deducted. rued from which to deduct, The cal EEt: VERMONT AVENUE PROPERTY SOLD | 1104 Vermont avenue sold for John B. Kelel & C {VACANT PROPERTY PTION ALLOWED Carrying Charges Over Term of Years. has been made enue act of 1924 for adjus tax deductions regard st properties held over a ording to ¢ the National tate Boards from iirman of the House s committee. as reported by committe lows s of unimp rovision in ome in t Assoc| w. way eiv Real i gain from salc x_payment. The pro ciation's st the bures nt in the present revenus ruling has been that in £ the capital ne = of lands th he current ye arryi Deducti arges and taxes have ne allowed on the ground that ther 10 income in the ve rotest inter; th t uding t tional associatios ative comm Board of nd ork, wit CHEVY CHASE A Fascinating Colonial Home street; fine view, pleasing convenient to the car line, near school, stores t; best material and work- manship, and all modern conveniences; center hall plan, con taining 9 rooms, 2 open fireplaces 2-car garage; spacious lot, 63 it. by numerons native forest trees. < — This comparatively new b a.m.i, garage, h-w.h.. I ith ‘fireplace, inclosed breakfast room, large pantry, numerous closets, spacious cellar with laundry tubs installed. The lot, 100x150, has ample roum for garden snd fruit trees. This liouss s an exceptional buy at the price ed. Geo. H. Rucker & Co. Clarendon, Va. Ph. Clar. 197 Convenient 738 15th St. N.W. le——[o]c——=]ol——o]o[——=[o[—=al[c|——= ol —— 4 Sold—2 Left One at $13,950 —ana the magnificent corner house pictured here are still available. Sample House—3713 Fulton St. N.W. Saying that in these houses we are offerins the best value on th ;2;";3; S "oF the two remaining ones or not domt fall to see them. Brick Garage With Each House. Features: porch, outside pantry with built-in refrigerator, instantaneous heater, bul attic, special electric fixtures, built-in tub, shower, extra lavatory on seco: Open Daily and Sunday, 9 A.M. to To Inspect: consin Avenue car to Fulton Street. Wm. S. Phillips Builder—Realtor Main 4600 ol ===t L [ Wt o o e Hven those people who have not bought have been unanimous in their praise of these houses; they have appreciated the location and have gone away to send others to us. You can pardon us Hardwood floors throughout, gum trim, open fireplaces, heated breakfast room, heated sleeping Drive out Massachusetts Avenue to Fulton. Street, then west on Fulton to houses, or take Wis~ ot-water heat: deen; shaded , 2 baths; front, 120 $22,000 Terms THOMAS J. FISHER & CO, Inc. Main 6830 e market today. Whether ilt-in ironing board, floored mnd floor. 6 P.M. 15th St. at K N.W. reprexented the pu' haser. o term telegram the way deter- | ain derived through ple——=]ol——=lal——=]al—]0] BACKTOLONG-AGD | ] FURNITURE STYLES Designs of 16th to 18th Cen- turies Reflected in Pres- ent-Day Products. ‘Though the European designs of the sixteenth, seventeenth and eight eenth centuries are the foundation of American styles of today, they are by no means the originals. Asa mat- ter of actual fact, furniture have not chunged much in 3,000 years. The first cabinet makers of record were Egyptian A chair was found in King Tut-ankh-Amen's tomb which very much resembled a high- class piece of furniture of today. Civ- ilization is o ancient, goes so many centuries back of the Egyptian era, that it is reasonable to believe that even the subject of the Pharaohs got |their designs from some other now {forgotten nation, wiped off the carth | by conquest of cataclysm. | jEsvpt was as pdevold of !when the Sphynx was built it is today. Consequently woods were im- ported for the making of furniture— ebony, ¢ yeamore and acacia principally hava found of b timber mens the wood yptian their piec gave them them with sometimes worked gold been as not cabinet s with brilli Jewels gilded wh ikers decorated designs, inlaid and fine c them with Searce and Expensive. Furniture was so scarce that only members he mas: floors, with or without ru ing to their circumstance Following aloni thron came the loman, I Gothic ‘st Tt With those Gf the now known. Greek ed so completely learned of it. In the eleventh turies came bedst benches and stoo! and dresser. Fan lieved to huve be ure perish- nothing is Italian furniture, with its bright eolors, went to northern Kurope During th nai forms borrowed to tecture gold. From ti the present fi principally in reproduct Effort The ¢ ulpture with we from harmoniz¢ Marny with ¥ to £n has been Toward Refinement. ort of des s a cood made thus are niture than i'l' is educ fectively hom annually they ac- | erest charges to be ew provision have to _amount_to milli alone. fifty k city 34th Place 77777777 7 0 you pay—and more. Cathedral Gardefs. Living floor. garage. = pfror——rio c——— |13 center hall, dining room, pantry, make the first floor complete. rooms, sleeping porch, and two baths; REAL ESTATE. Survey of Realty Bu_siness Discloses Unusual Activity Last Nine Months Most Active Period in Couniry’s History, National Associa- tion Declares, in Recent Report. Tl the most active period American real estate hictory w that comprised in the 1 nine montlis Is the conclusion reached in | a survey just issued by the Natlonal | ost of bullding. " wWhile uccor t in i il e most authentic ind~x of livipg cort.; Association of Real Estate Boards.|p.n.'or. 1o po'ntd highte According to the report, rent coste|than other commodi :nnd building supply are n.’ulonully;“'r:’ llg;\"_«"'m construction. approaching stabillzation, says the|yirecntibly there must be @ decrease i New York World, and the greatest|the cost of building. construction need is small houses for| ¢ Pm‘ir;mw‘a are = national building s! single families. 1«. pronoun a The American real estale market, called In the survey a conservative | index of American business condi- | jproughout the tions, has been more active during|dations and the season just coming to a close | about to reach than during any other season in the: VelWeen supply and business history of the continent, Canada being included in the esti imate. Findings of the survey, ing a careful barometric reading for a basic section of American business i Vi . are based on i real estate 1210 cities. i | Arproaching stabilization of sev- {erai of the factors that underlic the sresent unprecedented national real activity Is indicated, the sury hiie it is impossible to predict cortainty the course the mar- 1 in 1 the situation iny 12 ion more favoravl in cities of ove per cent of whicl report residen: rents stationary. Rents are follawing the course of tho cost of building. While according t 1 200.000 porw the cost rents decreas being made in t There report of h business a state fur ing accommo structures | equilibrium Cites Grentest Prexent Demnnd, L the preges market | single-family dwellings. eight pe cent of the cities reporting indicate a shortage here, whereas oris 4 per cent report a shortage 1n apart per cent structures. of builc been extraordin; ume that the i1 nt over the rec d, uccording ureiu of labor s demand constitut and have . te | with are cur- the all the tre is no overbui constructior; of any kind of interet to t in the larg Awners, investors, ¥ wen- s follow tran fers propert. were recorded and more building: in real estat were erected during the first nine tiful. Interes: months of 1 during the sam are r nable in nearly ever peric history tion the | iness and it in ge i at al for investu Market for Business Property. market for propert: cported better vear t per cent of the ributins to th busi than Massachusetts Park Contair An exciusively residential secti oi detached hom les of im- ing geven million feet of forest-covered land, with s proved streets. Includes what remains of The Triangle of Increasing Values between Connecticut / assachusetts Ave. and Woodley Road (Cathedra! Ave.). Over five million fi of land sold. Over 150 homes from $15,000 to $200,000 built and under construction. Actual im- provements and heme values exceed $5450000. Wooded villa sites, Jots and central -and side hall hom with lots from 30 to 115 feet front ark Office, 32d and Cathedral Ave. (Wood Road). Middaugh & Shannon, Inc. stablished 1500 Telephone Potomac 2200 Estate Board. Dupont Circle Member Washington Real Be Sure to Inspect This Beautiful Home Sunday . and Massachusetts Avenue Massachusetts Avenue Heights is admittedly the close-in suburb of Washington. Rigid restrictions as vour purchase of a home here an inv as to type of houses, size of lots, etc., make estment that will always be worth all Nowhere in this high-class section can you find better houses than in Finest materials an : these houses homes that will endure for generations. rooms are 16x25 with great open fireplace at one end. Wide d first-class workmanship ‘make kitchen and lavatory and service entrance On the second floor are four master bed- two servants’ rooms and bath on third All fixtures are of old brass, floors of hardwood throughout. Two-car OPEN ALL DAY SUNDAY William K. Hartung & Co. - Realtors : Phone Main 372 77