Evening Star Newspaper, August 22, 1925, Page 18

18 REAL ESTATE. MORTEAGE BONDS ASINCONE EARNER Babson Discusses Invest- oftering it. However, statistics sively that the character of the sideration. Opportunities for Profit. faulted bonds. securities. Some people think a bond 18 @ bond, irrespective of the house of reorganizations shaw most canclu- bank- ‘ing house is a most important con- “Next to buying securities in & panic and holding for two or three years to sell at a profit, when a boom comes, the best way to make a profit is to buy at the right time first mortgage de- Most all of these bonds | CAPITAL PUT SEVENTH (Continued from Fifteenth Page.) THE EVENING STAR, WASHINGTON, D. O, SATURDAY, AUGUST 22, 1925. Cost of construction during July ‘was very little chenged from that of June. For the most part, ces were maintained at previous levels though in a few isolated Instanc there were minor downward fluctus IN NEW CONSTRUCTION Chicage as second city In volume for one month. Chicago was third, with a gain of 46 per cent. was fourth with a Only four tn the 26-city lst. Wash- ington, tions. The steel Industry witnessed & much better month than it had antici- pated. The low stocks and curtafl- ment in production has left it ready for gradual improvement. In fact, mill operations are already Increased in of 65 per cent. Milwaukee, Baltimore and ga.kh-nd. Calif.; Boston and Cleve- Igflu to ‘mean more profitatie prices nd. the very near future. The downward movement in Doug- las fir prices was shown to be defl- nitely halted and while no advances of consequence - were recorded the trade is quite optimistio as the bl inventory s being rapldly deplet and most mills are still running at greatly reduced capacity. In other words, price movements were mixed and small in size. gravel prices were unchanged. - mon brick was lower in Dallas and New York City end higher in Lime was lower In the Bouthern States. Ranking for Month. The standing of the 25 leading cities in_constructiion, July 1, were: 1. New York................ 548,081,081 Boston. Central More than half of the bullding stone used in the United States lest vear 147 Toleto ....0.. 00000 : 221,076 | was limestone. ments in Connection With Business Reorganizations. N PARK, Mass., August 22. urities are high, as dt pres. tors naturally look about for ties that would not other- ear attractive..- Roger W. hat bond issues in anization often of- for both safe in- for good profit. Incon he vesterday issued ement nizations which have tion for a long nnounced, some officially Among ed the most in- arolina Chemi- age 7 per cent | d about two 1in the 50s ion Plan Outlined. reorganization plan se bondholders | 0 prior prefer- bonds are v at par, the price in their history. It is rumored t onds which are not de- posited from the court par and inte h this s not offi- her instance is in the case of n Writing Paper Co., the e ¢ which sold their defauit | selling again in the 60s. | 1 that the holders of | age bonds will re- first_mortgage bond for t $700 in new preferred t interesting new | Vew York and Co. (commonly Line), the first Cites Pessimistic Stories. ic stories were told defaul cents on | is bld for hose who and interest. Of recognized that stances 1 me bonds. “In the case o n the not turn. clearly Riordan holders | <5 they paid on certain first mortgage . while junior issues have alt plan receiving th: intere moment ist T waukee and arly tha racter, courage and financial resources of the banking house or bond house originally offering the fn all of these in-| first-mortgage | well under thelr value, for they are temporarily under a cloud and the market for them is poor. If vou can sell a bond lssue just before it de- faults, well and good; but never sell just after it defaults. That is the time to buy bonds rather than to sell This especially applies to first | mortgage issues, which almost invar- ably turn out better than expected. “"A study of reorganizations shows that in moet cases the bondholder has received both new bonds and common | stock. in place of the old bonds, thue giving him ultimately a considerable profit. This was true of the Union Paclific, Atchison, Northern Pacific |and other of our railroad reorganiza- | tions. During the next year or two there may not be many railroad re- crganizations, but there surely wil be some industrial reorganizations which | should offer good opportunities. i Business Conditions a Factor. “Of caurse, one must consider gen- eral business conditions and the posi- tion of business before buylng even | defuuited securities. Defaulted bonds —even defuulted first mortgage bonds —are a reflection of general condi- Thus when money rates are | tions. cause of the low money rates. | ness is now in that early portion of | the Babsonchart when securitles are | abnormally high. General business is | today © per cent above normal, while o this time it was.13 per _ This is not a Fish Story o ety Believing in the great worth of our houses to the extent that we are willing to tell our friends to inspect our houses last before buying, we had the following conversation with a prospective purchaser recently : “INSPECT THEM e, s & LAST, but do AR NOT FAIL to ¢ v ® SEE TH’EM," . WE TOLD this s v o MAN. HE HAS bought v e v e Now that ONE OF our %% . HOMES.H- SEVENTH and N . DELAFIELD, the % wle s COMPABISOP: n:.kn his HOME MORE pleasing. v e e SO WE(!:H y.ou}o INSPECT OUR houses ... AT SEVENTH and gt Lir DELAFIELD t(refle(s LAST. .5 WE THANK you. $9,450 Inspect Today | Franklin 5678 | 1516 K Street @ You‘ve Found Your Ideal When you see these new Kite Homes— 3800 ¢ o 3816 Windom St. North Cleveland Park Look through the sample Home 3816 Windom St., it’s typical Kite Homes have a reputation for effective prac- ticability that is fully sustained by every Home in this new group. You'll find in them many things that are found only when the owner is building. But we study conditions—sense domestic requirerhents —and incorporate them in Kite Homes. There is not a better neighborhood—one of more promising future than North Cleyeland Park at this point. {low, as at the present time, even de-! | faulted bonds sell at higher prl.ee; be‘ | usi- | Los Angeles, lost from July, 1924. The highest percentage of gain among the places reported was 2,382 per cent, in Hollywood, Fla. Tampa's gain was 740 per cent and Miam! Beach 545. Other notable city gains were in San Francisco, Kansas City, |Toledo, Miami, Rochester, Columbs |Ohlo; Buffalo, St. Paul, St. Lou |cent below normal, so it looks as | though we were now at the beginning of a new era. 1, however, still advise |readers to carefully think before tak- ing a loss on a first mortgage bond put out by a good bond house which has the reputation of ‘staying by’ its | 1ssues.” (Copyright. 1925.) Chesapeake Beach Sea-—Shade—Sunshine Washington's Salt Water Amusement Park and Summer Colony. LOTS FOR SALE Low Prices—Easy Terms Free Circular on Request Bauman & Heinzman Sales_Agents City Office, 1504 H St. N.W. Office on Boardwalk Chesapeake Beach environment, and buying during the month was distinctly more satisactory. A 32 Pittsburgh equivalent continued as the ruling quotation. Lumber Trade Brisk. Lumber shlpment ‘continued to ex- cood orders. In Southern pine thers has been something of a stiffening in . | price, but present levels are still low. Demand has improved, but whole- salers are refusing to accept orders for future delivery as they feel that the curtailment in mill activities is ——— e 12th and Michigan Ave. N.E. Brick homes built to last. Lots 32 ft. front. Four bedrooms. Dining and sleeping porches. Over 70 sold. Prices less than row houses. Middaugh & Shannon, Inc. Dupont Circle Potomac 2200 It your choiee depends landscaping. community features. architsctu upon _location. restrictions. re. _construs: tlon, conveniences. Drices. and terms YOU WILL NOT HESITATE —after making careful. distinctive homes in charming Effictont man: enable us fo buil prices. Be convince unblased comparisons, o seloct ons of tho ATTERY ement and the homes of any des by obtalning our estimale on vyour idea climination of intermediate profits st smazingly low ! Mapoux. MarsHaLL Moss & MattoryInc/| 1108 SIXTEENTH STREET -~ MAIN8970 | CALL SUBURSAN OFFICE , BETHISOA 174, FIROM 5 TO SFM. & HOLIDAYS .- i ,000,0 Invested in Residences and Home-Sites And Are Now Occupied by Happy Home Owners IN THE FACE OF THIS FACT ‘Why hesitate to come out today and see for yourself why these people are purchasing lots and building homes? Sections “1” and “2” have been practically sold out, only a few very desirgble lots remaining unsold, for your selection. Section ““3” Was offered to tke public for the first time about sixty days ago, and al over 180 section alone. lots have been sold in this ater, sewer and electricity have been installed and streets are now being graded. Terms on Lots in This Section Are as Low as powy | <€=>> Prices of Lots, $300 and Up Homes o Rare Beauty grace the w;nding boulevards that bound this new commun;ty WOODLEY PARK ELIGHTFULLY individual in their appearance, these dwellings are nevertheless so skillfully designed as to blend harmoniously into the exclusive setting of which they are a part. This first group, in particular, presents a truly magnificent location, facing on Cathedral Avenue near where it merges into Woodley Road and looking out upon the great trees and beautifully landscaped grounds of several large estates. The approach from either direction lies through what is universally known as Wash- ington’s choicest residential district—yet it is con- venient for out-of-town guests, since the Woodley Road bus runs past your door, via the “Million- Dollar Bridge.” Within your home you find seven large rooms, two fine baths and lavatory in bascment, built-in and fireproof garage, large open fireplace, autor age water heater and innumerable othe: that make for comfort and cnjoy: degree. It is doubtful if—consi type and finish of the homes, desirable co-residents—an offering eq ever before been’ presented in Washingt EXHIBIT HOME 2937 Cathedral Ave. Osen Dasly T:l 9 PM. WARDMAN 1430 K Street Main 3830 “We Housc Onc-tenth of Washington's Population.” Inspect—and note these features—six excellent rooms; completely appointed bath; ‘practical sleep- ing porch; handy kitchen porch, and a charming front porch; selected flooring throughout; artistic fixtures; approved hot-water heating system—and an up-to-date heater for the service water. The Price is as unusual as the Homes—and the terms will meet your requirements Our Mr. Hamilton is at 3816 Windom St. every day and evening, including Sunday. Or you can make a special appointment for private inspection by phoning him—Cleveland 1490. Drive out Conn. Ave, turning left at Albemarle St., thence into 38th St. Or take Wisconsin Ave. cars to just be- yond the Nationul Cathedral, at Windom St. Built, Owned aud For Ssle by Harry A. Kite Tncorporated Member \Washington Real Estate Board Ph. Main 4846 1514 K St. Tha,,m $125,000 Mfl‘oal'!o‘ the present high school, located direct! section “8" is now nearing com; and will be ready.for the Fall school term. (2 Franklin street, now under construction, will form an addi- tional beautiful boulevard leading from the Washington- Baltimore Pike direct through Hyattsville Hills to Rams Horn Road, which Jeads to the northwest section of Washington. Buy Where Living Conditions Are Ideal TO INSPECT Take G Street ear to Hyattsville, or take bus at 15th and streets N. K. to Hratavie. Call ‘5t ‘our oifice, just & ters oors from e station, and our representativi e property. Or yattaville 73. T ey e O. B. Zantzinger Successfully Developing Suburban Property for 25 Years. 10th & K Streets 3 Hyattsville, Md. Main 5371 Offices. Hyattasille 72 O. B. Zamtsinger, Hya Ma. Kind! mail me, without an: bl tie part, Gescriptive tolder ot THyactavitie, Hilias Hymttavilio: ahr A Superb Shapiro “‘Superior’’ Residence Appealing to Refined Taste—and Appreciation of Luxurious Living 2620 Woodley Road An Imposing Corner Overlooking Washington to the South 27,500 With Terms Adjusted to Your Request Ten rooms and three baths—richly decorated and planned for entertaining. Adjoining the large living room with bayed windows is a music room. Across the center hall, the dining room of ample dimensions. The butler’s pantry connects with the kitchen, where the equipment is of the very best grade; built-in refrigerator. On the second floor are four sleeping rooms, with two baths, conveniently ar- ranged for privacy—and with built-in fixtures and show- ers; cedar closets. In the basement is a large Ballroom, with special maple floor for dancing. Or a doctor would find this very convenient for his office, with its direct entrance. Below stairs is a servants’ room with bath; built-in double garage and a chauffeur’s room. A Wonderfully Complete Home— Perfectly Appointed—and Splendidly Located Open for Inspection Every Day and Sunday —from 9 A.M. to 10 P.M. Or Phone for Our Free Auto Service Drine out Connecticut Ave., turn 919 15th St. A Charming Home Shapiro ““‘Superior” Built in an exclusive neighborhood 2725 Woodley Place Eight Rooms and Three Baths 515,750 With Convenient Terms —this is one of but two left on this attractive street, where 70 have been sold. The fastest selling homes of the better type—because of Shapiro superiorities. You don’t have to figure on any expense for upkeep in Shapiro houses—they are built to endure. The wide cement porch, laid in art squares, and the iron balustrade makes a most attractive entrance; at the side of the door is a convenient built-in mail box. In the living room—which is wide and deep, is an art brick and polychrome fireplace; the hardwood floor is bordered with mahogany; the walls decorated with sconces. ‘The dining room is of excellent size and consistent decoration. In the kitchen a one-piece white enamel sink and drain; zall-white enamel cabinet; built-in refrigerator in the butler’s pantry; screened breakfast porch. 'The Master Bedroom extends across the entire front of the house; with private bath; in the rear there’s a lounge or library. In the closets are shoe and hat boxes; and shelves for the linen. Floored attic, and basement with servants’ room and bath; cold storage room, laun- dry, hot-water heating plant and Pittsburg heater, and a built-in garage—heated and daylighted. Open, with Representative in Attendance Every Day and Sunday —from 9 A.M. to 10 P.M. Or Phone for Our Free Auto Service a House is completely furnished by Palais Royal g —that you may see the finished effect. to right in Calvert to Woodley Place ». REALTORS i BUILDERS s Franklin 1140