Evening Star Newspaper, January 5, 1928, Page 3

PROGRESS OF CAPITAL HAS SET NEW LEVEL FOR REAL ESTATE Tremendous Increase in Values as Shown by Surveys Serve as Barometer of City's Rapid Development. ARTICLE IIL BY DONALD A. CRAIG. field of local activi rvey is made of conditions nt, the fact where a s nd pr s combine to ve moving picture of growth and prosperity in the e with respect to real es not at ately followed the Worl ¥ better than it was prior thereto and it holds $1.cht promise for the future. Washington's growth in the imme diate future is foretold in the impres- es of the new Federal buils Sag program and the pla builders for a conservative forward movement to keep pace with the nor- War, it i ess needs. Huge Gain Since 1837. ely owned real es- mately - ory from af the perty of clttsens v ssors World city and vi less than War n re residential construction sutficient to house a city of more than 100.000 per- sans has taken place here. This means that the entire population of Spokane or Duluth, Utica or Savannah might Lave been moved here and accommo- dated in new houses and apartments buiit during this period. The actual value of taxable real estate in the District of Columbia to- day is estimated to be about $1,150.- 000,000. Tax-exempt property, exclu- sive of that owned by the United States and the cit, is worth $75.000, @00, an increase of 000,000 since a survey of this ass of property was t upon the screen of the future | ington is esti n-| with the | or s of private | Washington has nal increase in the city’s population | the actua tion of the present | Provements was Bon thts) wilue of |tal uf $846.365e found to be the | ditions ie last four years | partment made in 1904, The includes foreign embassies and lesations, churches and educational and charitable institutions. United 8 Toldings $130,000,000. The value of the untaxed property of the Federal Government in Wash- ted to be $470,000,000, tes to which must be added $50,000,000 worth of eity zovernment property T'he al building program, ale withorized, ealls for an expenditu 000,000 for new buildis an almost certain in 000,000 in_immediate pro - to provide for the purch triangle between Pennsy nd the Mall. the next decade it additional Federal thi is pre iment departmdnts and activities, which may add more than £100,000,000 0 the building program in Washington. How the value of real estate In X i hown by which average al selling For the fis- ars which ended June 30 last ssed value of land was $400, 9 and the assessed value of im )3, or a to r the previous svildings were assessed a 8 vear land and at $900.749.84! The and car 192 new buildings led for the fiscal ye amounted to $47.476,300. Federal Program. al building: r under way or are the follo; ilding for th of Agriculture, $2,000,000 extensible building for the partment, $5 .000; De; Commerce, $10,000,000; Archives Build- ing, $6,900,000; addition to the Govern- ment Printing Office, $1 nal Revenue Building, an addition to the Liberty Loan Build- ing, $375,000. Congress is expected this Winter to increase the cost of some of these structures materially. The authorized cost of the building for the Depart- ment of Commerce, for instance, will probably be boosted from $10,000,000 to $17,000,000. Some other new structures to be Among the Fed horized and e about to be sta Administrative 1 e first mortkage e 20, 145, 193, U will vs_redeemed’ at 105 merican’ National Bank. W va February % IS HEREBY GIVEN IHAL IHE Bossiyn Steel &_ v Co. buads Nos. 15 2 al ash- WM. A. BOWIE, Sec’y-I '] NERSHIP PREVIOUSLY B CuRihecn Saies G, Huvie sad Basuud % a8 Husle & Mariyn Co.. by wu- PUESTAST TO SECTION 1. AKIICLE 8. ©1 Uy-laws. nulice i Lereuy glven that the @sunusl meelng of ibe stockbulders of the Capiial Lraclon Company for the eection o1 4 boasa of directors 10r ihe ensu eCUDE, Will e Orouzut belore ibe B Bela T he' 1 e compauy |36t ud 1s 0w, ngton. b, C. o Bilrsiay. - Janiary : av 1040 4 of tr made by the emption uary i 1y day CAN si by URITY CORLOKAN i L Secretary Trus hoes of the o THAT CHI andann Cal B tus iaker of the BV GIVE wer of Georgia wve Lk ot directore 3 P, Secretary. 1 KESFORBIELE FOR o wa Lur by W, % [¥ Cap. ot s Wl C. JANTARY 1. 1uin —W wnd tun masorty of L u Simratiee b - e Prowdent, STHRONG, HOON LR o) 11 ustere, Tetw el i o JE K Ry CE ¥ LOROHUE A | | NOTICE 1 be respor by _me per ik of the sto ok & Washington, D. C v will be held at_the o am- general ) . aw t ok 25. 1o Febru SOME OTHER CITY? urn load rates. Fuli and_ part *o Philadeiphia, New York Pittsburgh. Richmond _ and WASHINGTON, D. C.. January 1. We. the president and the majori trustees of the. (o a_ Titie c y of the Distric t5 that k' of a“is "Tilly paia up bis of said eompany, “BECKE M MAY comy, is 3 and that thes excent curre) of the that tificate and L _E4 McKnew. assl.” sccretan the Columbia Title Insurance Company of District of 3 Subseribed and sw 3rd day of January A HAR A g “OF THE STOCK- o Glass Insurance L MEET! the Home P Company of the City o election of trustee nesduy,” Jan- i b, Polis 0 230 o'clock b m H_SOMERVELL. Secretary. _ TAUGHT PIANO iplished young . PIANO—YOUR CHILDR! he lady w masters and 10 p.m., interyiew. Executive Can you v Secretary et e . 3 ences from well available. Ad ess Box T NE DISAPPOINT BYRON S. ADAMS PRINTING IN A HURRY h grade. hut not hich priced. Hish st e T NI ° Wanted—To Bring Back —8 lond of furniture from Boston New York Philadelohia b ashington co BMITH'S TRANSVER & STORAG 1313 You St NW North READY FOR YOUR 1928 PRINTING NEEDS the Million Dollar Printing it »i The National Capital Press 12101212 D Bt N W ¥ "HOW’S THAT ROOF? Better ba wure it 1s leak proof before rein onow and elect Ironclad Roofing Co. Otk and Fvarts S N ¥ ____Phones Rorth 206 North 47 “Wa ure On a Mattress We spend A eondition by L im pant on the " of BEDELL'S FACTORY. Mai T 610 ¥ N Nw | Federal Power Commission. In compliance with the Power Act (41 Stat eral Water 1063) notice is hereby given that the South Branch Power Com pany, of West Virginia, having ity office in Philadelphia ' has filed an amendment 10 its application for a preliminary permit for a water power de velopment on the Cacapon River Sonuth Branch of Potoma iver so as to enlarge the proj to the constroction dams and storage nclude reservoirs Fles Fan w 1, and danis and power houses it C i Pnidge and Grear Falls, near 1 T ¢ Any hjection to such appheation, or for e Petershurg and v Springfield Washington i therean with any briels, reports for which con bed, should e Ixecntive Sec Fedeval 1o AN request hearing data idevation is e stibmnitted 10 the other retary build. | already | one M_650 | Fed wer Comnmis | WASTHD GTON, .D. . | el ) June c| sresent program are f which would indicate a fine “moral | to $368,069, which was the tota) June g:fill:fif:w‘?o:hilngl nfiv:m‘ne ourt of | vk with respect to local horrowers. | 30 last. Last year's depositn were the United States, Dopartment of Jus. | These figures do not Include the bond |:83,600 greater than those of 1926 ot e o, (moral | tssues on Irge proerties, which have | Incrensed employment it In the Dis et e Imicratate Com. | beon wsed by some local bond houses. | trict during the Winter I8 foreshad Moreo . Commission «nd Independent | Statistics compiied by local business | nwed in reports to the United States Mhices, Tt Wwas or sinaily thtended | and trade oiganizations show that 63 | Employment Service In connection per ccat of Washinzton's population | with the enhanced activity in the re : oxe str cturcs should be ]lrhn\l'l ;‘(!: ‘l‘i(\fl”l‘!f“‘”l':‘ l’ 10,000,000 aiready | is gainfully employed, or about 250,000, ail stores of the city. mand authorized by Cong eas, but it Is now [ which Is a larger proportion than I8 for hotel workers Is also increasing. found In any State in the Unlun. Iuild o operations are not yet exten About 70,000 of these gainfully em- ot uthorization the total authort: sive enough to ahsorb all resident expected t will be substantlaily increased before 0 i o complel wwed men and women depend di-| bullding tradesmen, but with the prog ‘\\h.(-rl(h::::'h('l‘x uv.',','l'um:-‘s"“‘ll,nwgi-nmfi.'?; :‘ql:;lvd on the Government for their | vess of the Federal building pr n Le continued for the next 10 years, [ livelihood, and the remaining 180,000 11' i8 belleved by local business men f wding to the present outlook, are employed in varfous local activi-- [ that IIhl:a temporary condition will Employment and general business lnvludlm:‘ manufacturing, t s0on be overcome, A surplus of clerf cal help still exists, but nearby railroad construction work' Is offering employ- ment to unskllied laborer trades, publie service, stie and personal serv- work. and building and loan a conditions here will be materially jm- atior | proved as these great building proj- Jects go forward, in the opinion of lo- LUES.VALUES.VALUES cal busincsa meh. Work has avendy | | Banks and bullding and el N o heen started for the strative | clations In the District had 8 i p P S e it sl | etad the end of the seeal vonr| JEWISH CENTER TEAMS |[lll , /An endless array always to be found at the familiar for tie buildings. for the | June a0 & of “;“:""("‘3""“‘" e i A&P Store. Get the A&P habit . . . greater value and ‘n.:.‘i‘.l‘:tmr;t- “m.s\lf»'._\-'::‘; v in 1926 ling to the report NEAR CLOSE OF CAMPAIGN fi goodness are assured you. dition on top of the Liberty Loan|of J. W. Melntosh, controller of the ity I FRRIITSS, : \ 8 ade public a few davs ago. i — Building is nearly finishe Enrollment Council Mcets Tonight. Three Societies Hold i Conservatism Is Keynote, Conservatism is the keynote of pri || SPECIAL FOR THE WEEK END vate building operations here today. | y ividual deposits Luncheon. 3 speculative operations have [ 211,000 were greater by $16 . I Sucar Cared Small L virtually eased. Tullders are slowing {6 of net earnines and recov-| With the drive for members sched ; g ean Fancy Strip down their entorprises to permit the in the vear of $2,761,000, less |uled to end Sunday, a meeting of the |||l natural growth in on to cateh nd deprecintion chaTged OfF, | enrollment counelt ot the pomn Com CALAS . 14c Regular Price, 20c Ib. BACCON w2]c Regular Price, 25¢ | th the p e ' et addition to profits S velnment o T e cee E munity Center will be held tonight to fdity 5 et formulate plans to stimulate workers | with pidity durin G - G D 1 19 The volume of buiid Eostal ReceiptaiGAla; for the closing days of the campaign. Postal receipts have alw been considered as an accurate barometer of business conditions. The records of the Post Office Department show a y upward climb in the gross re- the first 11 months of 1927 able, reaching a total 321,450, but this was a great deal below the §61,000.000 of the esponding period of 1 16 HAMS A luncheon for members of the | ||| ]‘b’ 21c Council of Jewish Women, the Hadas. | [l sah and the Sixth Street Synagogue | [l Ll !jnce, gr Sisterhood, was held rday at the | . = T | ing durin 1b. 16, = sten il IV | ceipts of the Washington post office | ties acted as hostesses and encourag. | || v o | . / limination of purely speculative | ror” 1os . In 1912 the aggregate ling reports on the prog of the Il Special Until !? Special for the Week End Special Until ations, is having the effect of | qq g1 . In the ye: the | drive were read. Louis 1. Spiegler, | i sirensihening confidence in the value | Uyited States entered the World War, | chafrman of the envollment conmell | Saturday’s | Saturday’s and stability of local real e -| 1917, it was $2.197.346. The next year | presided. Closina ° 3 ments. At the same time, @ |t jumped to $3,085,083. Local postal | Preparations are being made for a ing | Closing vision is being made for the present g % ; A Decidedly Better BUTTER veceipts passed the $4,000.000 mark in | “Stunts Night” Sunday as a feature and future needs of the city. 1923, with a total of $4,154,71 They | o the closing of the drive. Julius Officers of the Washington Real Es- in 1926, and June 30, |Eanet, chairman of the committee in | tate Board take an optimistic view of d a total for the | charge, announces that the affair will ick, execu- iscal 3 0,674. The receipts 2+ the local post office v ast were $510,011. This be open to the public. Two one plays, one by the Junior Hadas and the other by the Comic Thesp! DUZ Washington grow | RICE te of from 11,000 to 15,000 000 better than in the | of the center, will be presented. il | i | shown by popuia- November, 1926, and an In-| Tomorrow night will*he cel it | i | Removes Stains i | s e ey [ rvlnm\]fi per cent ver|as “Center night” in the local ir' I | Nutritious—Healthful Cleans ! % four persons to the fam- |y or November, 1925. | goiues. il |l e | - 2 ily." says A Sehich “ihese fizures || ! ¢ The annual election of officers of the | [[ilil | Clean, White | qufi;:;pr:::::l flflv;’ and the best Whitens would indicate a growth in our popula-| e el depositors in the postal sav-|center will take place Tuesday eve. i i | 'y can buy. | ion of from 3,000 to 3,500 families | {1 hank hus inereased from $114.068 ning. © ks voeve it I Rice 1} ¥ | Sterilizes every year, which would require th: gl i ’ In Reg. i I thero be added to the supply | 1. 5 | | many new dwelling units each v Yilb. 1 p Price i i | either in houses or apartments. It is Prints 6lc Lb. ! o) Pkgs. c more startling to state that this means that 10 or more new units must be i | iz i mpleted for each working day in the * to take care of the normal in- crease in population. These figures do not take into consideration the units which are lost to use each year | through depreciation and obsolescence. | When these facts are taken into con. | sideration they make the required | number still higher. Estimate Is Conservative. “Some days ago I checked up these | figures with a prominent business | man who is exceedingly well informed | on these matters, He placed the num- ber of new units required annually at ead of 3,000, so it would ap-| that my figures are on the con- ve side. “Statistics compiled in the office of || the board since last Spring show that for the last seven months more than 9,490 deeds have been recorded, an| | average of 1,356 a month. Taking out of the calculations deeds filed under!| foreclosure proceedings and for the purpose of correcting defects in title, | it will safely leave 1,250 a month ||| which indicate sales or exchanges. || These facts, therefore, show that there are 50 real estate transactions con. summated for each working day. “Making another figures, it is shown that on the nt market, . hich s regarded as | sed, wo have 15,000 deals a year, hich, divided into a_population of | 550,000, or 137,500 families, gives us a deal for each nine families, or for each | | 36 persons. It strikes me that this ||| yes I 5 ] Special for the Week End PURE LARD Carton or Bulk [ -’} g Special Until Saturday’s Closing il | Delicious New Pack | | I | TOMATOES Wise Brothers ¢ CHEVY CHASE 3§ We Have Moved Our Stand in the Arcade Market To a Position in the New Section Just Recently Added All alterations have been completed, and our stand can be immediately recognized by the RED FRONT characteristic of all AGP | stores. The interior has been finished in | white enamel and harmonizes with that of the market. When out shopping this week end be sure to drop by and inspect our new l location. You may be assured that your order will receive our very best attention. OPEN TOMORROW | Another New Combination Grocery and Meat Market Laureal, Md. On Main St. Next to Laurel Pharmacy il | shows a pretty live community, so far | || s real estate is concerned.” During the last seven months a ;." ’. I A&P Oven Baked Beans. .can, 8V;¢ Campbell’s Beans. . .can, 10c Y:_‘CLBenn‘Holc Beans. .can, 12V;¢ PANCAKE -« BUCKWHEA 1 Navy Pea Beans. .3 lbs., 25¢ Dried Lima Beans. . .1b., 10c Blue Rose Rl'cg. ....lb, 7Vze total of about $79,000,000 has been loaned on Washington real estate se- cured by first mortgages. Of this amount large life insurance companies have loaned about 22 per cent. This is looked upon as evidence of faith on the part of these large out-of-town in- \\lw'hl’x in the stability of values n ] - Vashington property. Life insurance A TAAAAAARRRNRNNRS first mortgage loans for the last seven | B> % P > PP IIEERAAURTANN months aggregate $17,500,000, i Foreclosures Held Few. Advertised foreclosures during the last seven months under first mort Eages total 136, which is about 2 per of the first mortgages recorded & ’ e R R R R R RIS Many foreclosures ure advertised | n.-\‘fl.r ! to sale, settlement l)!‘ ms bel de befo; 3 ici ol ol g o | sy ' g Aetiniol” doubtless advertised also for the pu ilor-, ha i D% of correcting defects in titlon And Tailor-Made Shades 1 lefalmlm‘ cohiost D | [ for otheggeasons, and it I8 belleved by | real estate men that 1% per cent is a ive figure as to the number sures under fir CORCORAN COURTS 23d and D Sts. N.W. “Close to Downtown” Breakfast Dish The very finest ingredients—perfectly balanced and mixed—insuring the best of griddle cakes. Special 3 Pkgs. 2 5c for i This Week Only Karo B. L. Syrup . N1 = 12¢ ‘ gt Factory Prices SSSNSSRCSRRRI SRS SAN S A NSRS Specify Tontine Shade Cloth— I¥s Waterproof! | 830 13th St. N.W, | | Main 4874-8552 I W. STOKEN SAMMONS, Proprietor \‘\“\\\\‘\\\\\\\\\\\\\\\\\“\‘\\\m\\‘\\\\\\\\\‘ Do SR AR R A AR AR AR AR S N N A AN L NN Regular Price 10c Pkg. Why wpend the hours riding to ofe en you can live iIn thess sl SulfanTMaple Bl. Syrup " 144: De Luxe Apartments at moderate rentals (as low an uninual wervice. attractve 1oy, $35), with % funt Golden Crown Syrup ™ ‘™ 9¢ Sttt Yook, el | : = = _ Log Cabin Maple Syrup ™ 27¢ ittt TR | T H E A R G O N N E ' Golden Cr. Syrup X ** = 17¢ | Brer Rabbit Molasses *™ ™ I4c CAFRITZ | i i i e S— 14th and K M. 9080 | MELLO | OldMill Water Ground A&P Srond On Columbia Road at 16th Street Macaroni Delightful Apartments and | WHEAT DAILY ' CORN MEAL | The Heart of the ! Wheat With AUt tm | | o pp : s ar i 2-Lb. g SEb woh | ])1\']{Yl‘; lvl‘l S A few desirable apartments are available in this new | I puritias Kemoved Bag I!’C, Bag 2?(:; Sp‘ = etfsl " 2 2 ated in a . . | .ge. 28- | No. 28— mammoth fireproof building, located in an environment 8 5 10-Lb. - P ) | appealing to those of refined taste—those who value the Oz Phg. I 5C R ?ac | Pl\g., oC influence of surroundings. Convenient to markets and . & L I JTRINDBIRG, the stores, served by the best transportation facilities, o g e In A believed |,L, ‘\.,‘,,, ;.. ;‘,,.‘,‘;? These apartments are open for your inspection day Fé";’"-",""" 1‘}4lr{]t i*]‘]l l‘t[ 2 prt'fllg! Ma-kets Il tany it man. The doc- and cvening. fobabdatisiiia o f] tors at the deathbed of \ Fresh Killed Roasting Chiclien e, 39¢ Prime Rib Roast Beef . 33¢ We have made an exceptionally good purchase of a large quantity of the finest quality choice Lamb that can be had and as is our policy always, we are passing the savings along to our customers through the following specials. Fancy Choice Leg of Lamb . . . . . Ib., 28¢ Lamb Chops M .. ..lb., 49¢ | Shoulder Lamb Chops. . . .Ib., 29¢ 1b., 15¢ | Shoulder Lamb Roast. . . .1b., 25¢ Lean Stewing Lamb Fresh Ground Beel . .. .. .Ib. Charles 1l believed a potion mixed from the dust of eight gems would cure him, To believe we are b may not make us actually to believe we are healthy will not truly arm us with well bemg unless we wd Nature, “LThe belief that to drink Chestout Farms Milke at every meal will fortity us constution ally for longer periods health is founded on Nat aral Law, Chestnuat Farms Milk has the lighest rating by the Dastrictof Columbia Fresh Killed Stewing Chicken . 33¢ THE ARGONNE F R ST AR A ulmmzmcing HE association of Mr, Albert Schnelder with the Evening School | Faculty of The Washington School for Secretaries. Mr, Schoeider will teach a speciul speed class for those desiting to qualify as professional reporters, His impressive record speaks for itself; T FreslhPiek 1918 Won Merropolitan School Champlonship, Health Department New York Fillet of Haddock. . . .. . Lean Stewing Beef. % “Ihe Knowing Mothe 1920 Won Professional Shorthand Champlon- Salmon Trout ....... Lean Pork Chops. . . . | Will Have No Other,” ship of the Southwest Croakers ........ Veal or Lamb Paddies. . .. Ab., 35¢ | ifl P 2:2 L L }‘f“:!"| Professional Shorthand Sliced Halibut. . ... Phila. Style Scrapple. .. .. .Ib., 18 | 1928 " '.lfi‘ ;:l;;: Iwl.l..l.r sccuracy record at 178 Sliced Salmon. ... ... .. .1b., 35¢ | New Pack Sauerkraut. . qt., 12 ¢ wd 215 w. ., solid matter, Spanish Mackevel ... ... . 1b., Salt Water Oysters . . Cooked Hominy ...... .. qt, 12 . Pint, 35¢; Quart, 65¢ Duirg POTOMAC 4000 Tue WASHINGTON S8CHOOL FOR Transportation Bldyg, Main 2480 SECRETARIES 17¢h and H S,