Evening Star Newspaper, November 6, 1926, Page 17

REAL ESTATE 87 STATES SHOW BUILDING LOSS OF 8 PER CENT DURING OCTOBER Comparison Is With September Construc~ tion—Total for Last Month Was $515,726.600 East of Rockies. October construction contracts in the 87 States east of the Rocky Moun- tains amounted to $515,726,600, accor ing to F. W. Dodge Corporation. Th was a decline of 8 per cent from Sep tember and of 3 per cent from October of last year. Normally there is a slight rise in contract volume in O tober. The 37 States covered by this ord include about 91 per cent of e total construction volume of the country. The more important items in the Oc- tober record were: § 3,600, or 44 ion, for resi r cent, for pu es; $63,601,400, commercial buildings: $45,828,300, or 9 r cent, for industrial buildings, and 28,666,700, or 4 per cent, for educa- tional bulldings. New building and engineering work slm-d east of the Rocky Mountains uring the past 10 months has amount- ed to $5,325,506,400, ich fs a 6 per nt Increase over the corresponding riod of 1925. New Work Shows Rise. Contemplated new work was report- | #d last month to the amount of $637,-| 859,900, which was 3 per cent increase | ver the amount reported in Septem.- | r, but a 25 per cent decrease from the amount reported in October of last year. 1 The October volume of building and | engineering contracts let in New York | State and northern New Jersey gmounted to $ 900 Decrease: of 16 per cent from September, 1926, &nd 12 per cent from October of last year occurred. Analysis of the con- struction record for this territory showed the following items of impor- tance: $79,024,900, or 64 per cent of all construction, for residential build- ings; $11,712,000, or 9 per cent, for public works and utilitles; $8,575,700, r 7 per vent, for commercial build- ngs; $6,865,000, or 6 per cent, for so- clal and recreational projects, and $6,233,400, or 4 per cent, for industrial bulldings. Construction _started during Octo- ber in New England amounted to $31,424,200. The above figure showed decreases of 29 per cent from Septem- ber of this vear and 19 per cent from October, 19 The more_ important items in Jast month’s building record were: $19,091,800, or 61 per cent of all construction, for residential buildings 8,820,900, or 12 per cent, for commer- cfal buildings: $2,941,400, or 9 per cent, for public works and utflities; $1,938,600, or 6 per cent, for indus- trial buildings and $1575,500, or per cent, for edueational buildings. Middle Atlantic States. The Mlddle Atlantic States (east- ern Pennsylvania, southern New Jer. sey, Maryland, Delaware, District of Columbia’ and Virginia) had $36.917,- 800 In contracts for new buildings and engineering work last month. This was a decline of 9 per cent from September of this year. However, there was an Increase of 11 per cen over October of last year. Includec in October’s construction record werc the following important classes c work: $19,145,500, or 34 per cent of al for residential buildings; $15,717,500, or 28 per cent, for com mercial buildings: $7,147,500, or 1: per cent, for public works and utili- ties; $4,591,800, or 8 per cent, for so cial and recreational projects, and per cent, for v h | industrial bulldings; $20,2 The total volume of construction contracts let fn the Pittsburgh dis ict (western Pennsylvania, West Virginia, Ohlo and Kentucky) during October ‘amounted to $58,289,300. The above figure represented declines of 10 per cent from September, 1926, and per cent from October, 1925. ' The October ‘building record_included the following items of note: $24,023,200, or 41 per cent of all construction, Tor public works and utflitfes; $17,114,300 or 29 per cent, for residential build- ings: $5,682,200, or 10 per cent, for in dustrial bulldings; $4,027.300, or 7 pe cent. for commercial buildings, and $2,722.100, or 5 per cent, for educa- tional bufldings. Central West Report. Building and engineering contracts were awarded last month to the amount of $171,263,800 in the Central West (Illinois, Indiana, Iowa, Wisconsin, Michigan, Missouri, Kansas, Oklahoma, and Nebraska). This figure exceeded September, 192¢, by 70 per cent and October of last year by 35 per cent. The m iraportant items in Octo- ber's building record were: $65.862,800, or 38 poer cent of all construction, for residential buildings: $38, 22 per cent, for public works and util- ities; $23,973,400, or 14 per cent, for 3,900, or 12 per cent, for commercial bulldings, and $9,075,000, or 6 per cent, for edu- cational buildings. The total volume of construction contracts let in the Southeastern States (the Carolinas, Georgia, Florida, Tennessee, Alabama, Mississippi, Ar- kansas and Louisiana) during October amounted to $48,146,800. There were decreases of 16 per cent from Septem- ber of this vear and 37 per cent from October, 1925. Included in last month’s building record were the following important classes of work: $15,330,500, or 32 per cent of all construction, for residential buildings; $12,785,300, or 27 per cent, for public works and utilities; $7,810,000, or 16 per cent, for com- mercial buildings; $3,223,800, or 7 per cent, for industrial bulldings, and $2,- 549,000, or 5 per cent, for educational buildings. Figures From Northwest The Northwest (Minnesota, the Dakotas and northern michigan) had 9,766,300 in contracts for new bulld- ng and engineering work last month. ‘The above figure was 7 per cent in excess of September of this year and 41 per cent above October, 1925. The September construction record in- cluded: $8,574,200, or 38 per cent of all construction, for public works and utilities; $3,409,000, or 35 per cent, for residential buildings; $1,043,900, or 11 per cent, for commercial build- ings, and $950,000, or 10 per cent, for industrial’ buildings. The total volume of construction contracts let in the State of Texas during October amounted to $16.361,- 000. The above figure showed a de- crease of 8 per cent from September of this year, but an increase of 58 per cent over October, 1925. Analysis of the buildings and engineering rec- ord showed the following classes of importance: $7,811,800, or 48 per cent of all construction, for residential buildings; $3,244,600, or 20 per cent, for public works and utilitles; $2,882,- 200, or 16 per cent for commercial buildings; $923,000, or 6 per cent, for public buildings, and $726,000, or 4 $4,100,900, or 7 per cent, for indus- trial bulldings. per cent, for industrial buildings. REALTY DEALERS TO DISCUSS SECURIN 'Association Will Pla G OF CITY INDUSTRIES n Ways of Drawing Factories at Miami Convention. pics Many To The question befors many American r'ties of how they may assure thelr uture through the attraction of new §ndus(rlon will be taken up from the Hoint of view of men whose daily busl- ness s the placement of plants and factories, when the National Assoct- ption of Real Estate Boards meets in 3Miami, Fla., January 12, 183 and 14. At the same time there will come under discussion tha pronounced pres- ont trend of industry toward branch factories, placed =o as to put the manufacturing process as close as poesible to the ultimate market. In a parallel series of meetings the wnssociation will take up the question of eliminating unsound real estate offerings from the real estate market, and will discuss the most active pres- ent phases of real estate financing, the operation of office buildings mldvnmrt- ment buildings as business invest- ments, the sale of farm lands and general real estate brokerage. Many Toplcs Scheduled. Toples to come before group meet- $ugs of subdividers and of industrial } property speclalists were determined | This week at meetings of the executive | committees of the home builders and subdividers, division of the association nd of its industrial prot diviston, eld at national headquarters, Chi- sago. irst stops on the part of a com- unity to find out for itself What it as to offer an incoming industry, and re what industries it may wise- iy make an effort to attract, will bej @ central toplc before the industrialj property division of the association The dfscussion will include not only what should be done to ascertain the facts in regard to I erials market transportation fa . labor | conditions and the like. but will also| £o into the related question as to how these facts, once ascertained, can be} applied efliclently to draw the right industry for that particular situ The discussion is expected to open up an extensive study by the division of the location of industrial plants for the advantage both of the plant and of the community. 1t will look toward the promotion of a sclence of exact| Jocations for factories. | Walter S. Darden of Detrojt will} Jead the discussion on branch indus- tries and warehouses. J. B. Fisher of Brooklyn, N. Y., will talk on “De-, veloping and Closing Prospects for In- | Austrial Properti L. M. Nicolson | f Chicago, will open the round table piscussion on Advertising Pro. ram for 192 Matthew Carey of lint, Mich., chalrman of the division, will talk on the outlook for the indus- trial property division in 1927. . Plan War on Risks. The further program of the division will include a discussion on motor trucking costs, the leader for which has not yet been chosen. 1 i | on Program. market will be a principal topic be- fore the home builders and subdi viders’ division of the association at the Miami meeting. The discussion will center on action which can be taken to prevent loss of public confl- dence in subdivision offerings through the operation of firms so insecurely financed or so irresponsible as not to insure the lot purchaser the comple- tion of improvements promised him It will also go into the question o possible action to prevent lowering of public confidence through flooding the market by poorly planned subdivision operations and operations destined never to be completed. A rediscussion of zoning to bring out what must be done to insure the practicabllity of zoning regulations will be a second topic before the home builders and subdividers’ division. John J. Hurst, Baltimore, Md., chairman of the division for 1927, will discuss the outlook for organized sub- dividers for the United States and Canada for the coming year. The di vision will also have on its progran he subject of developing a sales or- ganization and the question of com pensation of salesmen. SALES HEADS T70 MEET. Advertising to Be Discussed at Tuesday’s Session. The sales managers division of the ‘Washington Real Estate Board will hold its meeting at the Lee House Tuesday at 12:30 o'clock to discuss advertising and other matters of in- terest in connection with the sales de- partments. C. H. Hillegeist, chairman of the division, will preside. AGACIA COMPANY TOBEGIN BUILDING Mutual Life Association Structure Soon to Be Started Here. ‘Work soon will begin on the first unit of the new home office buildings of the Acacia Mutual Life Association of Washington, D. C., to be at the corner of First street and New Jersey avenue northwest, according to an an- nouncement by officials of the com- pany. It is stated that the entire buflding program contemplates the expenditure of approximately $2,500,000. with the first unit, a 10-story structure of granite and limestone, to be erected at a cost of $1,000,000. Hoggson Brothers of New York will supervise the construction work. Present plans call for completion of the building program within the next five years, The development of the Acacle Mu tual Life Association, and particularly during the last two decades, has many times emphasized the need for more adequate housing facilities for the home office of this national Masonic life association. When Willlam Montgomery, now president, was elected secretary in 1893, the two small rooms in a build- ing at 419 Eleventh street northwest then used by the assoclation enough for current needs. However, in 1904 the home ‘office was moved, | I as a result of increasing business |} to the Huyler Building, at Twelfth and F streets northwest, and in three years these quarters were outgrown and the association did business from the bank building at Twelfth and G streets northwest. Once more, in 1911, the assoclation was forced to take additional space, and this was then acquired in the new Masanic ‘Temple. Six years later the building at 1621 H street was purchased to take care of the Acacla’s growing housing problem, and a few years after that an addition was bullt to the structure. In 1921 the Acacia leased half of the second floor of the Homer Building, and at the present time the company occupies all of the second floor, part of the third, half of the fourth floor and much of the basement. This ag- gregates about 50,000 feet of floor space, and the Acacla’s business is so great that this large area is entirely too small for its present purposes. With the initiation of the broad building program outlined, officials of the Acacia Mutual Life Association belleve that they have anticipated the needs of the company for many years to come. The plan now under way is a flexible one, and will be adapted to the growing needs of the assoclation. Upon completion of the first unit, a 10-story fireproof structure, equipped with every modern device and con- venience, the flve-year program will have been marked by the erection of an_enduring monument. ‘The site for the group is one of the finest in the city for its purpose. Funds have been appropriated by Con- gress for the construction of a park- way from Union Station Plaza to the Peace Monument. The new Acacla buildings will face this boulevard on the east. According to those who have made a study of the subject, this group of insurance buildings will be among the finest in the count Massachusetts Park Re-subdivision on Woodland and Rock Creek Drives, ad- joining Rock Creek Park, one block west of Conn. Ave. Bridge and near Mass. Ave., now available. Included in what remains of The Triangle of Increasing Values —between Connecticut, Massachusetts and Cathedral avenues. Over 256 homes built and under construction. Actual improve- ments and home values exceed $10,500,000. Wooded villa sites, lots, central and side hall homes, with lots from 50 to 300 feet front, from $25,000 to $200,000. Middaugh & Shannon, Inc. ESTABLISHED 1899 The question of what action the yeal estate board may properly take gnd should take to eliminate unsound subdivision offerings from..the Jocal 717 14th St. NW. were | T52t INSURANCE LOANS REPORTED GAINING Figures Show Investment Growth of 130 Per Cent In Mortgages. While the admitted assets of life insurance companies in the United States have had a growth of 69 per cent since 1919, their investments in mortgage loans have grown 130 per cent, according to tables showing totals of such investment given by Lester Bl. Wurfel, assistant secretary of the Prudential Life Insurance Co., before the annual convention of the Mortgage Bankers' Assoclation of America, which has just been con- cluded at Richmond, V: At the end of the year 1925 there was approximately $17,178,190,000 of of legal reserve life insurance in force in United States life companies, Mr. Waurfel stated, a sum which represents about one-fifth of our national wealth. Indicating the trend of the invest- ment policy of these companies more and more toward placing their funds in real estate mortgages, Mr. Wurfel gave a table showing the percentage of mortgage loan investments of these companies for the past six years, as follows: Percentage in Mortgages 2415 308 - Hight 10 left: The new Washington, at First street and N of $1,000,000. The new Barr Buil at_cost of about $1,000,000. This 'w Jersey avenue, to be erected at the cost ing to be bullt at 910 Seventeenth street, at structure, planned by B. Stanley Simmons, will be 11 stories high and will contain 320 office rooms with stores on the ground floor. BABSON IS BULLIS DESPITE FALL I H ON SOUTH N COTTON PRICE Believes Bre;k in Staple W;H Teach Big Lesson and Increase Use——Parallel Seen in BY ROGER W. BABSON. BABSON PARK, Mass., November 6.—There are several reasons for the tremendous break in cotton from a high this year of 21c a pound in Janu- ary to the present price of around 1234c. The most important reason is, of course, the tremendous Increase in production. The crop is now placed at 17,454,000 bales, which with a carry-over of around 3,500,000 consti- tutes a total supply of over 20,000, 000 bales, the largest in history. As- suming that Europe takes 8,500,000 bales and domestic consumption is 6,500,000 this season, which are rela- tively high figures, the carry-over on August 1, 1927, would be over 5,000, 000 bales. Other reasons that have helped in the drastlc drop are, first, the rapld growth in the rayon {industry and, second, the development of the new sources of cotton in other parts of the world. As the effect of the rayon Copper. have the monopoly that existed some years ago. On the other hand, cotton has one distinct advantage over cop- per. Namely, that cotton is continu- ally being destroyed, while copper is almost indestructible. The cotton in- dustry is a “repeat” business based on a product needing replacement, while the copper industry is handicapped by the fact that the commodity is used over and over again, Cotton Versus Corn. Ever since T have been in business there has always been some one com- modity that had a severs break in price and almost every one became bearish on that commodity. Corn, for instance, sold at a high price of $2.36% in August, 1917, and then in a few years dropped to 443 cents per bushel. _Stories then went out that people had given up eating cornand every one became very bearish on corn. Yet in three years the price had rebounded to $1.32 per bushel. The same thing has been repeated many industry on the price of cotton has so often been forecast by myself and others, no further comment need be made upon it at this time. The effect was clearly foreseen by all impartial students of the situation. The development of new sources of supply in Russia, Egypt, India and the Balkan states, may become a serious matter. This, however, will not come about suddenly. These new fields have been gradually developing, and it is only logical that they will continue to develop. However; there is nothing unforeseen in the situation and there 18 no reason why the South should go panicky over something which they have known about for some time. The South should re- member that a few years ago it was tremendously upset by the boll weevil and now we hear little about it as & price factor. Cotton and Copper. Cotton in a way is facing the same situation that the copper industry has faced in recent years. For a long time the copper industry knew that | the Katango district in South Africa has tremendous deposits of low-grade copper. Gradually these deposits have been developed, but only recently on a large scale. During the war they had not got under way and at that time REALTORS SET ANNUAL DANCE FOR DECEMBER 9 The annual realtors’ dance will be held at the Wardman Park Hotel on Thursday, December 9. The affair will be in the form of a dinner dance, to- gether with a varied program of en- tertainment features. The dinner will begin at 8:30 o'clock. Following this there will be entertainment and danc- ing until 1 o'clock p.m. Several hundred persons are pected to attend. The committee in charge is com- posed of H. Tudor Morsell, chairma Waverly W. Taylor, J. Rupert Moh- ler, Howard A. Schladt, W. L. King. M. P. Canby, and J. A. McKeever. Tex- North and South America had about the only source of copper supply. Con- times in my life in connection with the price of wool. Even today the wheat situation illustrates the same point. All commodities go through the same experiences. It is a great mistake to get panicky in connection with any one of them. There always will be a good de- mand for cotton. Artificlal silk has its uses and will become a substitute in many ways. On the other hand, new uses for cotton are continually being found, and the automobile tire is only one of many of such new uses. The people who are bearing the cotton market today point to arti- ficlal silk, which has decreased the demand for cotton, and yet say noth- ing about automobile tires, which have greatly increased the demand for cot- ton. Cotton always will be a staple and always will have a good market. Moreover, remember that a reduction in price usually greatly increases the demand and the uses. Break Overadvertised. Personally, I believe that the great break in cotton prices has been over- advertised and overdone. When cot- ton was selling at high prices most economists pointed to the fact that a price readjustment was inevitable; but today these same economists are mostly bullish on cotton. Besides, the break in the price of cotton does not sequently, the price of copper during the war soared to high figures. After the war the price dropped and has re- mained at normal prices ever since, Yet there has been a good volume of business at this lower price and many mines are making money today. High- cost mines, however, have gone out of existence or shut down. Notwith- standing all the bearish stories about copper, more {8 being consumed today than ever before. The same general situation has ex- isted in connection with cotton. Since the end of the war new sources 6f supply in the Far East have increased production and are now being rapidly developed. As a result the United States no longer has a monopoly on cotton ralsing and probably never will Devonshire ington just W, @, and Adl.Ailler 1o ~17 st. represent oy destruction of physical wealth, but Inerely a loss to one class of people and a saving to all other classes. Thus there is no reason why it should be detrimental to the gen- eral business situation and should not be harmful to the cotton interests in the long run. This is evidenced by the fact that the Babsonchart today stands at 13 per cent above normal, showing that business throughout the country as a whole is still good. Cer- tain sections which canriot compete in price or control must necessarily give up the raising of cotton, but the cotton industry #s a whole will con- tinue to be the great basic industry of the South. The demand for cotton should naturally increase from year DISTINCTIVELY DESIGNED HOMES DETACHED AND SEMI-DETACHED Six Rooms and Bath Six Rooms and Two Baths Seven Rooms and Two Baths Every Home Equipped With Electric ‘Refrigerator and Garage Exhibit House—3816 Van Ness Street NNW Furnished by Dulin & Martin Downs is located in that charming reglon of extended Wash- north of Cleveland Park, at Wisconsin Avenue and Van Ness St. Bcltofs i Main 1790 HOME & GARDEN » 17 BUILDING AND LOAN SOCIETIES SHOW GREAT INCREASES HERE Assets of Washington Associations Have Gained $14,000.000 With 8,766 More Members Since 1922. A tremendous increase in deposits residential or home building, an in and membership in the building and loan assoclations of the National Cap- ital has taken place in the pa vears, it was re- aled at the re- cent annual meet- ing of Bullding Asso clation Coun- il of the District ¢ Columbia. Since 1922 the ssets of these or- $14,000,000 the growth ‘membership been 8,766. The present as- sets of the local associations amounts to $47 wa. 8. QUINTER. 387,000, an crease of $5,855,000 over last year, which is by far the largest annual in- crease recorded. The Increase in membership this year amounts to 1,585, Willlam S. Quinter was re-elected president of the association for the fourth consecutive time. George E Emmerich, vice president; James M. Woodward, secretary, and William Neulan, treasurer. The officers and the following compose the executive committee: C. Clinton James, Charles H. Bauman, James Berry, Julius Maedel, James F. Shea and John B. Geier. Increases Throughout Country. The building and loan associations of the United States also have had another prosperous year. They have made substantial increases in mem- bership and assets and show a record achlevement which Is unequaled by any other class of® financial institu- tions. For nearly a century these nnfiocin- tions have devoted their energies in promoting thrift and assisting per- sons of small means in becoming home owners. They have provided a place for the systematic savings of their members and have furnished credit facilittes which have alded greatly in developing and upbullding their respective communities by the establishment of more and .better homes. Bullding and loan assocfations have become more firmly than ever estab: lished in public favor and are now generally recognized as forming one of the most important systems of finance in this country. The vast sums which they have accumulated are almost ex- clusively invested in mortgage loans. The activity in the building con- struction industry during the past few years has undoubtedly been an im- portant factor in the recent prosper- ity of the building and loan associa- tions, because so much of this con- struction has been of the residential varfety. This has provided an out- let for all of the accumulated savings of their members, which have been flowing to these assoclations in in- creasing volume. The total construction contracts awarded in 36 States in 1925, accord- ing to Department of Commerce rec- ords, was $5,822,240,000, of which $2 .- 671,971,000, or 46 per cent, was for to year, and after this price readjust- ment s completed there need be no more drastic changes for some time. Of course, this year many people will, unfortunately, lose money in connection with cotton, but the banks of the South ara in good condition, and if they carry along these people the losses should in a few years be recouped. President Coolldge, Eugene Meyer and other Government officlals are giving the situation careful dtten- tion. If the planters will take the advice of the Department of Agricul- ture and the bankers on acreage next season there should be no further difficulty. Moreover, this foreign com. petition should develop & more effl- cient system of ralsing, financing and marketing cotton, which in the end will benefit all concerned. Therefore, 1 am more bullish on the South to- day than ever before. Jolts never hurt any one if lessons are learned therefrom. I have had many myself, and every one of them has been a kick upstairs. (Copyright. 1926.) erate monthly terms. crease of 30 per cent over the previ. ous vear. A similar sttuation existed in 1924, when out of a total of nearly $5,000,000,000 of contracts a_littla more than $2,000,000,000 of it was residential. Figured upon the basis of flood space in square feet, the percentage of resi dential or home bullding has nearly doubled during the past six year Whereas in 1920 this percentage was 33 per cent of the total of new bulld ings constructed, in 1925 it increased to 62 per cent, besides being upon much greater fotal butlding volume This Is certainly @ most remarkablo record and easily places the United States at the head of the world ax a builder of homes, and the assistance which the building and loan associa tions have been able to render has been largely responsible for this, be cause they were the most important agency through which this increased amount of residential bullding co struction was flnanced. During 19: the building and loan assoclations of this country made mortgage loans to the amount of §1,730,000,000, which it is estimated provided the funds fui building or buying at least 500,001 hormes. The number of building and loan associations in the United States i< 12,403, with a total membership of nearly 10,000,000 members, and % ets aggregating a little more than 0,000,000. The Increaso in assets ear was $743,238,957, or 1.6 per ent, while the growth in membership was 1,332,645, also at the rate of 15.5 per cent over the preceding vear. The growth of the buflding and loan associations of ‘the Distriot. of “olumbla s shown by th ; tabulation: PRSI June 30. 192 DECLINE REPORTED IN LUMBER ORDERS Softwood Survey Shows Slight Drop—Hard Timber De- mand Unchanged. Allowing for the discrepancy in the number of softwood mills reporting for last week and the week before, says the National Lumber Manu facturers’ Assoclation, there was prob ably a slight seasonal decline in lum ber orders last week. On the other hand, production and shipments seen: to have held up. As compared with the same period last year the indus try is_evidently more active in all three factors, inasmuch as 21 fewer mills reporting for the week ended October 30 gave almost the same pro- duction, shipments and orders as 362 mills did a year ago. The hardwood industry seems to be about on a par with the softwood Allowing for fewer mills reporting this week, it seems that production, shipments and orders are about the same as they were last week. The unfilled orders of 229 Southern Pine and West Coast mills at the end of last week amounted to 588,762,724 feet, as agalnst 626,608,175 feet for 232 mills the previous week. The 123 identical Southern Pine mills in the group showed unfilled orders of 230, 539,840 feot last week, as against 230, 539,840 feet for the week before. For the 108 West Coast mills the unfllled orders were 358,222,884 feet, a3 against 396,068,335 feet for 109 mills a week eariter. Altogether the 341 comparably re porting softwood mills had _ship ments 96 per cent, and orders 89 per cent actual production. For the Southern Pine mills these percentages were, respectively, 93 and 98, and for the West Coast mills 89 and 80. Of the reporting mills the 313 with an established normal production for the week of 215,873,359 feet gaw® ac tual prgo[;luctlon 103 per cent, ship ents 99 per cent and r st o orders 91 per If a cork is a little too large, you need only put it into bofling water a few minutes and when soft it will fit The community of enhancing values Why cramp yourself in closely congested quarters when you can buy a SUNSHINE HOME in this com- munity of open spaces, close to stores, schools and transportation, for a small initial payment and mod- NEW BRICK HOMES 34-5 Bedrooms Built under the most exacting rsonal supervision and finished to the last degree. INSPECT TODAY Drive out Michigan Ave. past Catholic University to 12th Street, then 3 squares north on this concrete street to Upshur Street, or take car marked “Brook- land” to efid of route, 12th and Michigan Ave. and walk up 12th Street to Upshur Street. Built—Owned—For Sale By WALTER VAUGHN 4200 13th St. N.E. Call N. 5431 for auto to take you to the homes