Evening Star Newspaper, August 23, 1924, Page 16

REAL | SALES OF $650000 :Business, Residence and Apartment Properties Among Transfers. A strong demand for all ¢ aggrega for Jle terms is greater with the future out- ry promising, i ers of this firm. dwellir home, 3036 J1d for ahout he purchaser ofl : 2 cola Park place northw :$9.000 for Mr. Heath ill take immediate posscssion with ESTATE. Structure just completed for the W. H. West Co, at 916 Fifteenth THE EVENING STAR, WASHINGTON., D. C., SATURDAY, AUGUST 23, 1924. OUTLET IS FOUND FOR SURPLUS CASH Savings Banks, in Dull Money Mariket, Turn to Realty Mortgages. 8pecial Dispateh to The Star, BALTIMORE, August 23.—Dullness of the money market has resulted in a boom to the real estate business here. Fifteen local mutual savings banks, find- ing no outlet for their surplus funds, have turned to realty mortgages and today have about 30 per cent of their resources in llen, an Increase of ap- y\:n;imfllely $10,000,000 since July 1, 1923, These investments bear a fixed rate of interest, and the banks receive from them the same amount of in- come, whether open market rates for money go up or go down. These mortgages mature in about five years and represent from 50 to 60 per cent of the appraised value of real estate pledged as security. HOLLAND PACT SIGNED. U. S. Enters Into Another Liquor Smuggling Treaty. A treaty to prevent illegal importa- tion of intoxicating liquors has been concluded between the United States dand The Netherlands. It is similar to the treaties between the United States and Great Britain, Germany, Denmark, France, Italy, Norway and Sweden. ‘When the treaty with The Nether- lands was signed at the State De- partment notes were exchanged to the effect that in case the Senate shall give its assent to the President’s proj the participation by the United States in the support of the Permanent Court of International Justice, the two gov- ernments will consider the making of an agreement under which the dis- putes, of the nature described in the treaty, could be referred to the Per- manent Court of International Jus- tice. REAL ESTATE. STARTLING VALUES N CHEVY CHASE, D. C. ‘,V!rlfII"lMII|Ill“II‘.I\\'ferIIIflIIIIIII]II’.Z\\YI&ZIIIMmlllllllllii\'(&:lllI]IlIlmflIII!.R\'!).IIIlHflmIS\VE.‘flDImHIIlllifif\\'!rfiillllflIIllmm:i\flrffl!lflflfllflMIlfi}'flIHllIMHlfi\ff BN AT § Find Headless Body. LOS ANGELES, Calif.,, August 22.— The headless body of a man was found _today in the willows of a creek “bed near Whittier, near here. Clothing indicated it might be that of Henry Carpenter of Cincinnati, Ohio. The suit, bearing that name, with a “number 38,” was made by the Interstate Tallors of Cincinnati, There Are Only Seven of These Houses Inspect Them at Once T | street northwest. Principal Reduced Annually. == The principal amount is reduced .very year, with a corresponding in- ase in the value of the collateral hind the loan. The volume of in- tments of this character has in- {c ed tremendously during the last few years, and today is the heaviest in the history of the banks. As of July 1, according to the files of the State bank commissioner, the institutions had approximately 30 per cent of their resources invested in real estate mortgages. In other $44,736.985 of their total re- s of $157,162,030 were loaned on state mortgages bearing inter- est at the rate of 5% to 6 per cent. This compares with $102,773,242 in- vested in mortgages of railroads, power companies and in obligations of the United States Government, States, counties and municipalities, ring interest averaging 4% per cent. ¢ a mrown | WOULD ANNUL MARRIAGE. old to Harry Bralove for approximately $13.000 ""‘;I,_:;,:‘,"I‘t;,:;Harry Berg Alleges Wife | Wedded Was Undivorced. Suit to He i annul his marriage to Louise ¢ in the District Court by Harry Berg, on the | | grounds that the defendant was already and had not been divorced t the time of their wedding at Balti- April 2 plain Burd CAREFULLY lfl”“l’fioi: Nineteenth b Attorneys the de- woman, told him she had from her former although she was i | room rent in Alexandria to es - | residence there and get a divore | Berg states in the bill of complaint that since acquiring this information he has been living s _ | defendant, WE realize you will tell others if our lumber proves satisfactory to you—therefore, all your orders will be thorough- ly inspected first. Alm to Increase Invextments. It is the aim of the banks to in- crease their investments in real estate mortzages to an amount equal to 50 per cent of their resources. This means that if that polic ried out the banks, on the basis of resources, will eventually 015 of real estate mort- 54,030 more than they +chaser will ¢ : The property est was p 1y famo: Center CEntrgnce Type Side Hall Type $15,950 $14,950 Think of it! Detached Colonial Houses in Chevy Chase, D.C., for less than $15,000---on terms you can afford. Eight Rooms and Bath “Kozy Kitch’’> Cabinet in Sun Parlor Kitchen Garage---Screened T hroughout Pembroke Built-in Tub and Pedestal Lavatory Built by Charles E. Wire = Complete Shower in Basement Easy Terms gages, or § now hold. Sherman Ave, & W St. Northwest Phone North 486 defendant lived at avenue petition, affidavit to which was made Wednesday in Pass: . O s the court to order defendant into urt to answer the bill of complaint a decree annulling the S TR = Manufacturers of fancy hatpins re- port a heavy slump in their business, due to the feminine craze for bobbed hair. v from A sideration of approxi Mr. Connelly expec < as his hon | i : : : ham Courts, an apartment build- northwest near Du- 5 sold for an out-of- t to a local investor for mately $300,000. a new me, bu was sold to Mr r is occupy appro | SOUTHEAST | Al 609 North Carolina Ave. S.E. or ma (Located in the best section of Southeast) Nine rooms and tile bath, hot- water heat, and electric lights. Perfect condition throughout. Immediate possession. This home can be purchased at the right price. - If you are looking for a good home in this location be sure and see this one Sunday. Open for Your Inspection From 11 AM. Until 7 P.M. Sunday L. E. Breuninger & Sons 706 Colorado Bldg. Main 6140 N '/ BUNGALOW \\ BEAUTIFUL West Chevy Chase and Mass. Ave. Villas DESCRIPTION Open Sunday and Every Day During Week ’ Until 9 P.M. ney Brown James Craven for approximately $30,- 000. This business property, after ex- tensive alt m‘cupiud‘ Aamidiay You C Have This Home in niversity Park A block or two beyond Hyattsville on the Washington-Baltimore Boulevard The above is one of the many pleasing types of Homes which are being erected in University Park— the most attractive of all Washington suburbs—and the most complete in its utilities. Everything is ready for you—sewers, water, electricity, gas, paved streets and walks. University Park is the handiest suburb of all. 1It's no distance at all to the Treasury Dept.—with car line and busses running on convenient schedules—and over a highway that is ideal motoring. . who will v | .. This prop- | cInnerney. i 4 and 1916 | erty was sold for Mr. 3 The property at 19 G00000000000000000000000000000000000,0000000000000000000000000000000000000000000000000000000000000000000 RITTENHOUSE We are building a community here—not booming a speculation. We have put our money into permanent and modernizing improvements —so that investors don’t have to wait for the future. . 5 to 8 Large Rooms and Bath One of these propositions will interest you— Hardwood Oak Floors in all Rooms Except Kitchen, Tiled Bath, Hot-water Heat, Open Fireplace, Laundry Tubs, Large Porches, Good Sized Lot, Shade Trees. The Home of Your Dreams Build a Home Buy a Home We have under construction and nearing comple- tion, several Homes of various types — Center Hall, Cottage, Colonial and Bungalow. At- tractive terms will be made— both as to the cash payment and the future pay- ments. $8,750 to $12,500 Buya Lot Lots 50x150 fect —are available. A modest cash pay- ment is all that's necessary and the balance in small payments. 15¢, 20c, 25¢ Sq. Foot Price and Terms $8,750 to $10,500 $1,000 to $1,500 Cash . Balance in Small Monthly Payments We will finance it for you—mak- ing the money immediately available—so that you can proceed without delay or worry. Very Easy Terms Go out Conn. Ave to Chevy Chase Circle, then east on Rittenhouse Street to Broad Branch Road and then left on Brodd Branch Road about one-half block to Runnymeade Place and sample house, or phone us for appointment to take you out. Location and How to Inspect Drive out Mass. Ave. to 49th St., thence follow 49th St. 2 blocks to Sample House at corner of Butterworth, or drive out Wisconsin Ave. to Fessenden, thence west on Fessenden St. 3 blocks to 47th St. Sample House at Corner of 47th & Fessenden The future of University Park is so safely assured that investment here is robbed of every element of Salesman on Grounds All Day Sunday e s Inspect critically—every detail—and you'll be quickly “sold” upon the proposition. You needn’t hesi- tate to look over the Park—you’ll not be embarrassed by insistent importuning. Come at any time—uweek-day or Sunday—our representative always on the ground. University Park Co., Inc. B. O. L. WELLS, Representative Phones Hyattsville 36-J—340-R See These Wonderful Homes Before B_uying Elsewhere FOR FURTHER INFORMATION FOR SALE BY Call 1415 K St. N.W. we]MKEEVER={GOSG.... Main 4752 Exclusive Agents Phone our office, Main 4752—and we will send ¢ ar to take you out to property—or on Sunday call Cleveland 3133. Washington Real Estate Co. A 1415 Eye St. N.W. &S 000000000000000000000000000000000060 60000000000000060006000000000000000000000000000000000000060000000660 * x NSIIZESAHHITIIS ST (AR . STITZST SIS EASTIRITZS TS I N