Evening Star Newspaper, September 3, 1927, Page 14

'REAL STONELEGH COURT “>w Firm Operating Here Acquires Apartment for $2,500,000. Stoneleigh Court Apartments, ¢ brick and stone structure - » at an auction sale held April 6, < heen sold to a new syndicate of oftown investors who recently ted purel of property in the »nal Capital. sotting at rest rumors, which have spreading through real estate s for the past week or so, it was the property 1 been sold by the Wardman organ- . although the names of the new vere not made public. The s reported to have brought of approximately $2,500,- he building was erected in 1903 the late John Hay, former Secre- v of State, and was sold only last 1w by the trustees of the estate to * Connecticut Avenue Realty Cor- wion. \t the auction sale in April Mr. rdman made the winning bid of .000, with an initial payment of 0000, subject to a first trust of 1000,000 and a second trust of §500,- ) £ The building has a frontage on Frinnecticut avenue of 246 feet and a ¥lontage of 194 feet on L street. It €:ntains 84 apartment suites, 16 stores £9d reception hall, parlors and dining foom. \CTURELESS ROOMS ARE CALLED IRRITATING ‘nadorned Walls Give Futile Feel- ing With Their Unbalanced Appearance. A room without pictures is irrititing T two important reasons; First, be ‘use it brings the eye to a stop at ch of the four walls, which makes ‘e feel futile and pent-in; secondly, © room is unbalanced, since the floor s all the furniture and decoration id the walls give the effect of light- ‘adedness. Decoratively it is just as iportant to have the upper part of room interesting as the lower part. one wants to look constantly at the sor for inspiration! The tendency in- ed is to look at eve level, but if one 2s nothing but blank wall the effect disconcerting. A good picture may othe or stimulate, and by its story, icing and other considerations may % rve as a helpful and even powerful 1 fluence. £ The selection of pictures is almost $ ore important than the choice of ‘ends, for the pictures are always ¢sent and they refuse to be re- *med! Trivial, meaningless pictures ® not only wasteful as decoration, t they fail to give the benefits one iy derive from a good picture. They vuld be shunned. ‘It is preferable to secure reprodue- s that are known to be fine rather an to secure an original that may be ferior. Only reproductions of good iginals are made. Originals are nat- ‘ally costly and the amateur finds ficulty in making a wise selection. The good reproduction tastefully and ‘propriately framed already has a g AR U AR TS LTI AGS AR LA At A e - ESTATE. e e g = o— D. Stoneleigh Court, Connecticut avenue at L street, which is reported sold by Harry Wardman for §2,500,000. D. C. MORTGAGE Owners of real estate in the District of Columbia are at a distinct advan- tage over property holders in other communities in the matter of charges for the negotiation of mortgages, commission rates for such loans being considerably lower here than in many cities of comparable size, James P. Schick, executive secretary of the Washington Real Estate Board, de- clared today. : Answering a formal _complaint, which had been filed with the real estate board by a loeal citizen, alleg- ing that commission charges here on the placing of mortgages were un- usually high, Mr. Schick states that investigation of the situation shows that such commission charges in Washington “are neither exhorbitant nor high, but on the contrary are per- haps lower than in any other commu- nity in the United States.” Schedule in Effect. “The schedule for commissions on first mortgage or first deeds of trust which is in force here, and which has the approval of the Washington Real Estate Board, on loans up to $100,000 is 135 per cent for three years and 2 per cent for five years,” the secretary declares. “On loans larger than $100,000, the commission here is as indicated on that amount and smaller sums, and on the surplus over and above $100,000 This schedule refers to loans on properties which are completed and § inding in_the community. It is % jown and loved perhaps for several #-~ades and sometimes for centuries 4 its modest cost brings it within reach of all. finished and applies to cases where persons desire to borrow money on their real estate, or in cases of re- financing. “A survey recently conducted in 10|/ — Have You Seen These New Detached Homes on Norwood Drive ICTURESQUE in setting, exclusive in environment and distinctive in architectural treatment and inte- rior arrangement are these new detached Colonial and English homes, fronting on 100-foot Norwood Drive, with its distinctive center parks and spacious terraced lawns, just 20 minutes’ drive from the heart of the city at CHEVY CHASE TERRACE An Exclusive Suburban Community Over- looking the Chevy C Built by CAFRITZ Detached Garage Open Fireplace Fine Oak Floors Living Room, 16x24 Three Bed Chambers Roomy Closets Fine Tiled Bath with Shower hase Country Club Tiled Lavatory, Second Floor Immense Side Porch Attractive Front Porch Unique Electric Fitments Lot 50x132 Ft. Landscaped Grounds The price is extremely low for such value $13,500 Easily Worth $2,000 More Convenient Terms OPEN AND LIGHTED UNTIL 9 P.M. HOW TO GET THERE Drive out Connecticut Avenue Avenue, south to Norwood Drive; to Bradley Lane, west to Wisconsin or motor out Wisconsin Avenue to Norwood Drive, about 20 minutes from the heart of the city. EATON«¢COMPANY, Clurive Agencr 1010Vermont Ave «+«Main 2920 [ 23 A58 B TR A L R s A b R it Rl il b bR R A ’00.0“‘000000““’0000000“00000:0000 it is reduced to one-half of 1 per cent. || LOAN FEES ARE LOW, SCHICK DECLARES Washington Realty Board Official Cites Figures in Answer to Complaint Against Charges. cities throughout the United States comparable to Washington in size and character reveals that on three-year loans of $10,000 and under the rate above specified is one-half of 1 per cent less than in four out of these 10 cities, 1 per cent less than four cities, 115 per cent less than on other city and 2 per cent less than one other city. On loans for the same amount for five vears the commission is the same in Washington as in two other cities. However, the commission rate hen: is one-half of 1 per cent less than in five other cities, 1 per cent less than one other city and 12 per cent less than in two other cities. This same fact is true of loans up to $50,000, except that the saving in the matter of com- mission is greater for the larger loans than in the $10,000 class. Construction Loans. “Persons who are familiar with con- struction loans, which term means loans made prior to the erection of the improvements, the proceeds of the loans being used for payment of ths construction charges, realize that there is considerably more labor in- volved in the making of such loans than in the making of loans on fin- ished and completed properties. In the District of Columbia the. rate of commission for construction loans is only one-half of 1 per cent higher than for loans on finished or completed properties, which is less than ths amount charged in any other city in the country, at least so far as the sur- vey above referred to discloses. “The practice of Washington brok- ers is the collection of interest on the loans which they have placed is to make no charge to the lender, and also to collect the loan at its maturity for the lender without making a charge for this service, This same practice prevails in many other communities, yet there are cities in which a charge is made by the broker for performing this service, in some instances the charges running as high as 5 per cent of the amount collected for interest and one-half of 1 per cent on the prin- cipal. “Another service rendered by the broker who negotiates mortgages is to see that the insurance on the prop- erty which is made as security for mortgage loans is sufficient to protect the borrower on the amount loaned, and also that the policies of the insur- ance are in proper form to afford him all necessary protection.” SNEe ‘Waxing linoleum has been found very satisfactory. First wash a small area of the linoleum with steaming hot water. Dry while still warm, and wax and rub well. WAGE DROP SEEN INBUILDING TRADE Bond and Mortgage Co. Re- view Predicts Early Decreases. . NEW YORK, September 3.—The peak of the high-wage era in the build- ing industry appears to have about been reached and a slight recession in labor costs In some sections of the country is not unlikely during the next six months, according to the na- tional monthly building review of the American Bond & Mortgage Co. “The upward swing of wages in the construction industry is gradually los- ing its momentum,” said the review, “and there is little likelihood of any further widespread major increases being granted building craftsmen With' the exception of a few cities, la oors demands for increases appears to have subsided and present scales are being amicably maintained. Such movement as exists for wage advances seems largely confined to citles where the rates are below the average. Bullding Activity Continues. “Building actlvity, however, con tinues sufficent to prevent any fmme- diate widespread radical downward re vision of present scales, although dur ing the last 30 days some buildink trades in four southern cities, St. Pe tersburg, Fla.; Daytona Beach, Fla.: Columbia, S. C., and Norfolk, Va., ac cepted wage cuts ranging from 15 to 35 cents per hour, Further reductions are expected in the South and other sections of the country es the building industry slackens its pace and returns to normalcy. “Where building craftsmen are de- manding Increases the employers are putting up a pronounced resistance, which s resulting in a number of important strikes and wage contro- vorsies. In Providence and Ps tucket, R. I, and vicinity upwar of $12,000,000 worth of building is affected by a strike of approximately 4,500 Rhode Island carpenters, hod carriers and common laborers, who are demanding a_15-cent-an-hour- in- crease. In Brooklyn, N. Y. 1000 painters, for the second time this year, have walked out, demanding a 3 y 4 i e of hod Lyon Village Model Home Roofed With Roof?:ngiles Ludowici-Celadon Co. of Chicago Washington Office 615 Union Trust Bldg. 9 1 0 Sixteenth Street N.W. will be open Sunday and Monday for the convenience of those seek- ing a modern home of the finer type in a neighborhod of unques- tioned desirability. WM. H. SAUNDERS CO., INC. 1433 K Street Main 1016 stallation with such modern equipment as the S 0 is an innovation in the refrigerating field; the Aufomatic “Loveko” Storage Water Heater, an “Oriole” Oven Heat Control Gas Range and the modern Gas Incinerator, which disposes of all trash and garbage the safe, sanitary and easy way. Rosslyn Gas Company The Master Model Home with “Blue Star” Gas Installation 17 Granada Terrace, Lyon Village, Va. Built in Lyon Village by Lyon & Fitch, Inc. under the auspices of the Home Owners’ Institute of New York City and The Evening Star Newspaper * ]{oun Gas Company is pleased to extend to you an invitation to inspect this home, in view of the fact that there has been installed the Blue Star system of gas in- crvel Electrolux Gas Ref Clarendon, Virginia i $ § % : $ % : $ : § igerator, which 000000000000000000000000000000000000000000000000000000000000000000000000000000000 20 D000000000000000000000000000000000000000000000000000000000000000000000000000000000000 ~ €. SATURDAY., SEPTEMBER 3,” 1927. carriers ana building laborers in Syracuse, N. Y., for a 15-centan- hour increase continues to impede building operations in that city. Other cities reportiug major labor contro- versies were Newark, N. J.; New Haven, Conn.; Hartford, Conn.; Mon- treal, Quebec and South Bergen County, N. J. “The carpenters at Reading, Pa., have returned to work without a wage Increase, and the plumbers of Salem, Oreg., have falled to win advances de- ‘REAL ESTATE. of Portland, Oreg., who asked $12 per day, have been allowed $11.60 by ar- bitration. Strikes at Erle, Pa.; Bridge- port, Conn., and Cedar Rapids. Inowa, have been settled by the granting of increases. “The plumbers’ strike in the New York district has heen.called off, an1 the demands of the workers for $13.20 per day and the five-day week, against the present rate of $12 and the 44-hour week, will be subject of further nego- tiation. granted wage increases during the last month are Akron, Ohlo; Buff: N. Y.; Erie, Pa.: Dayton. Ohlo: M phis, Tenn.. Milwaukee, Wis.; New Haven, Conn.; Portland, Me.; San An. tonio, Tex.; Seattle, Wash.; Sioux City, Iowa; St. Joseph, Mo.; Ottawa, On- tario; Newark, N. J., and Somerville and Bound Brook, N.'I.” A glant war airplane which can carry 2,000 pounds of explosives fof bombing nas been completed for the The bricklayers and masons “Cities in which some crafts were United States Arm Have You Seen This Model Home? The Star MOJEI Home, ;n the Granada Terrace Section of Lyon Village, Va. If you have not already inspected this fine example of artistic modern architecture, plan to visit this comfortable and exceptional home as soon as possible. Thousands of per- sons have already admired the unusual features of this mod- ern residence of old Italian Country House design. The model home is appropriately and effectively furnished by W. B. Moses & Son. It may be purchased at a most rea- sonable price, either furnished or unfurnished. It is now all read to occupy, complete in every detail. Be sure to inspect this most exceptional model home. Open Daily, 10:00 AM. to 8:30 P.M. Lyon & Fitch, Inc. Owners and Builders Lyon Village—Telephone : Clarendon 650 Clarendon, Va. Here’s a Home in North Woodside You’ll Like —and you'll like North Woodside, Md., too—because it’s an exclusive community with sensible protecting restrictions—close to town—in the path of the city’s assured development of Sixteenth Street. Your invest- ment here is sure to materially enhance in value. This House is by far the most attractive Home in North Woodside— 1210 Glen Ross Road Of exceptional design, superiorily built and finished—carrying out carefully studied plans for comfort and convenience—coupled with equipment that is of a very high grade, #10,950 makes it a real buy —and the terms are less than any rent you are paying. —Note the features carefully L:llrge living room, with big open flrer lace. Side porch, with French doors. French doors also lead to the dining room. Kitchen is very light and airy, with large outside pantry and the best arrangement of shelves you have ever seen. Built-in refrigerator that can be iced from the porch outside. Coat closet in front hall. Three splendid bedrooms, with farge closets in each; all with elec- trie lights. Bath with built-in tub; and note especially the cross-ventilation—most unusual. Linen closet. Hot-water heat. Laundry tubs and auxiliary heat- er for the service water. Floors are hardwood. Screens for every window and door, and back porch. Unusually big separate garage. Lot is 30x135 feet—with cement walks; pleasing lawns and artistic planting. North Woodside is only 174 miles north of the District Line on Georgia Avenue. You'll see our sign at the entrance—ask there for our representative—he'll take you to this Home. Open All Day and Evening —Sunday and Labor Day. 1415 K Street Maximu| EEVER =GOS [REALTORS | Main 4752 ervice Deal with a Realtor A