Evening Star Newspaper, May 29, 1926, Page 28

i i _REAY TSTATE,' other interests, who some months llollvul the last half of the year will de. declared themselves somewhat skep-|pend upon many conditions. It is | tical as to the building outlook and |reasonable, however, to anticipate ged a curb on construction loans, | that the Fall months will show an- other spurt in building permits, which would mean that the recession during the Summer would be of minor importance and have little effect upon the total volume of 1926. “In New York. where building has been particularly active - this year, there was a gain of. $220,000,000 in contracts during the firet four months of the year over the same period in 1925. Despite this acceleration, how- ever, buillding is progressing at a high rate“and hundreds of nmew projects are still being planned and bushed into work. . “Insurince companies and certain other iaterests, who some months ago declared themselves as somewhat skeptical as to the building outlook and urged a curb on construction loans, seem to have reversed their attitude. They are now demonstrat- ing their faith and confidence in the present situation by appropriating Tlarge amounts for new building in New . York City and elsewhere throughout the’ country = | now demonstrating their faith and are | confidence in the present situation by | appropriating large amounts for new | bulldings in Néw York City.and else- | where throughout the country.” His statement follows: * { *The major reaction in construc- { tion, long predicted in certgin quar- | ters. has failed to materialize. On the | other hand. building has progressed on a stable course and it is now rea- | sonable to expect that construction [ activiti ar will almost reach, if not ex cord-breaking vol- | ume of 1 “Building figures to date show a considerable lead - last year and the volume of work continues very heavy, although some gradual falling off seems likely 10 occur this Summer in the volume of new construction. Little reduction in current activities, howey can be expected, owing to the enormous amounts of buflding commitments to date. “Whether construction I continue high Bond House Head Says Re- action Which Was Feared Has Not Materialized. ssed on .a | “Ruilding has pr | veasonable to mtable course and it | eapect that construction activities this vear will almost. reach. if not ex- -eed. the record-breaking volume of 1925, according 1o G. L. Miller, pres ident of G. L. Miller . luc M. Miller. after a national survey, said the “overbuilding bugaboo seems (0 have died a natural activities te through: “The Metropolitan Insurance Co., in the last 60 days, according to pub- lished figures, appropriated for bond mortgage loans $37,889,656. Of that amount, $31,162,300 was city loans tor both business and housing projects, - “The New York Title and Mortgage Corporation, - during the last ‘four months, announced mortgage loans aggregating $52,667,937, the majority of the loans being made on apartment houses situated fn New York City. “During -April the Prudential In- surance Co. of America announced loans amounting to $16,188,131, of which $10,267,644 was on dwelling and apartment houses; $1,694,100 was on city property other than dwellings and’ apartment houses. At its last meeting the Lawyers’ Mortgage Co. accepted mortgages aggregating $16,- 677,450, distributed through the New York district. Conditions Called Sound. f the financing being done by the insurance companies and banking in- terests is to be taken as a criterion of present conditions, there would seem to be little doubt that conditions are considered fundamentally satistactory in the building industry, and that the overbuilding bugahoo has died a nat- ural death. “With this meéntal attitude existing, and with building proceeding at its present pace, now is the time, how- ever, when the situation calls for the utmost caution on the part of the va- rious lending institutions, The dan- ger of overbuilding in certain cont munities is possible, and the policy of the lending institutions must not be other than one of critical conserv- atism, with the investors’ safety para- mount in their minds. “/Careful survey of the building sit- uation to date and the policy being carried out in making mortgage loans by the leading investment houses seem to justify the belief there is nothing in the present situation that would cause overanxiety or jeopar- dize the interest of investors in real estate mortgage bonds issued by these reputable institution: Between 200,000 and 400,000 cars of fresh, canned and dried fruits are shipped annually from California. MANY ROW HOUSES | Transfers Include Homes of has ous sales in Petworth. consummation of the sale of 4428 New Hampshire avenue Dora A. closed out. chase aven MAY 29, 19%6. SOLD IN PETWORTH g English Type With Varied Architecture. The office of D. J. Dunigan, Ine. nounced the closing of numer- With the atre to Mrs Hout, this entire row was The other recent pur- | Blic street, avenue and Firth street, all of the houses have been sold to the fol- | lowing purchasers: No. 409 Buchanan street, Perry E. Howard: 411, Ernest 413, John A. Curtin: 415 i 417, i 419 Ruth A. Middour: 421. 423, Joseph L. Charles A. Darby: 429 Louls M. Stal- Jacob C. Ludwig, 435 William P Albert and 439 Buchanan |'David C. Carroll. | Around the corner on Fifth street. between Buchanan and | A. Clemen Willlam, Hi Bryan: ! Presley | McDonald: manski, No. 4416 New Hampshire | Jam. John J. Gregory: 4424 New | 4817, John S. Hamiil; 4619. Flovd J. | Hampshire avenue, John F. Greaney, | Parker: 4621, LeRoy Russell: 4623 | no idea I would get him %o soon REAL ESTATE., between Taff; wt C. 426 Lewis; 431, H. Thrift: 431 Richard and 4426 New Hampshire avenue, Rachel A. Hoover. On the north side of New A Frank B. Bosco; 427 433, F. Neido- street Crittenden s, a row of English-tvpe homes with varied architecture has been en- tirely sold out to the following: N Fifth street. Robert S. Wate: Robert F. Stewart: 0. 4603 4605, 4607, Hattie T. k; 4609, Bernard O. Mead; 4611, Buchanan | Thomaa Brennan Hampahire ' and 4633 Fifth streei, Gabrialle I, James D. Deadmon: 4625, William H. Opltz; 4627, Ralph H. Kenne:: 4522 4631, Daniel 1 1ee Myer. The corner at 4824 Kansas avenue, at Kansas avenue and Delafield street, was sold te Mrs. Marie A Brandt. The purchasers of the athar Kunsas avenue homes are: No. 4328 Kansas avenue, Hyacinth A. Carow 4828, Emmie 1. and Jane J. Pack 4830, Richard H. Watts, 4334, Jomeph H. Brown: 4838, Maurice A. McDon- | nell, and 4840 Kansas avenus. lan B. Abernethy. She Grabbed Her Sheepskin. From Everybody's Mazazine A young woman who came ta (o lumbia to take her degree of docter-af ./ philosophy marri€d her orefessor in the middie of her second vear. Whar » she announced her engagement, ona af » her friends said 3 “But Edith, T thought you cama up C. Suit; 4615, Waldo D. King: | here to get your Ph.D." “So 1 4id.” replied Edith. “but T ha: ~ The Sugar Homes Open for Inspection One Block West of 16th Street s. 1725 and 1737 Webster Street N.W.. completely Sample hou: . K rated in the most modern style hy Palais Royal. furnished and de These homes contain 8 large rooms, including a modern kitchen i f with an electric refrigerator, 2 baths, complete servants’ quarters, | . _car garage in rear to a wide allcy. i o | - ’ i Price and Terms to Suit the Buyer , " B ‘ ! » o ! oW, Open and Lighted From 10 A.M. Until 9 P.M. i g . ' 3 1 @ 3 i ‘ : : ] 1|l st & Garrison) Particularly appealing, brand-new. detached homes of 6 beautiful rooms and tiled bath. Al mod- ern improvements. Hard- wood floors. open fireplace. spacious porches, generous lot, etc. Conveniently lo- cated; high elevation. Max Sugar Owner and Builder Adams 546—Or Your Own Broker UNUSUAL OPPORTUNITY TO SECURE A REAL HOME: $2,000.00 REDUCTION IN PRICE FOR IMMEDIATE SALE Just completed: beautiful surroundings; sun parlor, sleeping porch, two-car garage, cedar closet, ideal kitchen equipm ent, mirror closet doors. slate roof. interior decarations seldom found in houses selling under $30,000; best construction throughout. Owner on Premises, 10 AM. to 5 P.M. Sunday and Monday Location—One block off Conn. Ave. and about two blocks north of Chevy Chase Club 105 West Underwood St.—Phone Cleve. 4718 only $11,000 Open for Inspection All Day Sunday WILLIAM K. HARTUNG & CO. 1108 16th Street N.W. Main 371 . N.W. (at Jefferson St.) You Get Six Large Rooms Built-in Ice Box Tiled Bath Enameled Sink Built-in Tub Enameled Table Oak Floors Enameled Stove 3 Large Porches Hot-Water Heat Convenient to Everything for Only $8,950 And Terms Arranged Open Daily Until 9 P.M. Douglass & Phillips, Inc. Franklin 5678 1516 K St. NW. Owners and Builders We especially ask your inspection of these Homes— this afternoon, Sunday—or Decoration Day Pretty Homes—and Big Lots in a Most Desirable Community Quincy Terrace Quincy and 22nd Streets N.E. It’s the most attractive in-town group you have seen. The Homes are of the Bungalow type—unique in plan, and byjlt, finished and equipped the Kite way. Each Home has wide lawns in front and sides—and deep rear yards— making every room light and airy. Those things which count in construction value—hardwood floors; tiled baths; artistic lighting fixtures; floor plugs; heating plant, etc.—are special features in these Homes. Come and see them with a critical eye—and when you have finished in- spection—and know the price—you'll agree they are without parallel in Washington. - Very low price—Very easy terms Inspect—Sunday or Depornfion Day—Open day and evéningr Take G street cars from:Treasury Dept. to 22d and R. L. Ave. and walk north to our Quincy Terrace sign, or the bus will take you within two-short Selling So F ast— The pleasing combination of beautiful nature and artistically designed Homes makes Davidson and Norwood Drives—in ' Chevy Chase Terrace Directly opposite Chevy Chase Club Golf Course The most attractive section in this famous community Each Home is its own distinctive type—Center-Hall or Cottage—won- derfully expansive lawns—50 to 75 feet front and over 130 feet deep. Open fireplace, cozy corners, snug porches; one and two baths, and each Home with its separate garage to match. It’s beautiful all the year around in Chevy Chase Terrace—exclusiveness insured by Cafritz control—and you couldn’t duplicate the Homes for $2,000 to $3,000 more than the price. $12,950 and up We’ll Make the Terms to Suit You Open every day and evening including Sunday and Monday—9 A.M.to 9 P.M. Chevy Chase Terrace is. but 20 minutes’ motor ride from. the heart of the eity. Motor out Connecticut Avenue, through Bradlev Lane, turn South on ‘Wisconsin Avenue one block, or straight out the new Wisconsin Avenue / Boulevard — and directly opposite the Golf Course of the Chevy Chase Club is the entrance to Chevy Chase Terrace. . we will send one of our antos. CAFRITZ OPEN FOR INSPECTION Daily, Sunday and Decoration Day, Monday Handsome Tapestry Four-Bedroom Homes Two Complete Baths—Built-In Girages § Over One-Half Acre Grounds . Just South of Indian Spring Golf Club o ™ Open for inspection every afternoon and evening, including Sunday. Our. Mr. Hamilton will be there, or vou can phone Cleve. 1490 for special appoint- Only One of the Monroe Bungalows Left $6,650 Spacious grounds; in a neighborhood of pretty Homes. Easy Terms Open Every Day and Evening—Especially - Sunday and: Decoration Day "' Take G street cars to Rhode Island Avenue and Monroe st. n.e.; turn to right. Or motor out Rhode Island ave. and down Brentwood road. - Built, Owned and For Sale by Harry A. Kite Washington’s Fastest Growing Northwest Suburb EAL detached tapestry brick homes, with built-in garages. We do not know of more real value with a half acre of ground that can compare with this operation, being con- venient to two Golf Clubs—Indian Spring and Argyle Clubs. Rcmember, You Are Only 22 Minutes From the White House Priced at $16,500 Convenient Terms Can Be Arranged Frisik IL.. Blewitt Silver Spring, Md. . Phone Woodside 137 In the 3100 Block Monroe St. N.E.—Designed with the one idea’ of a compact Home—equipped in the most modern way— ‘Or 14 &K Owner and Ruilder of Communities Main 4846 1514 K Street