Evening Star Newspaper, October 13, 1928, Page 23

REAL ESTATE. " RECORD BULDING < TOTAL REGISTERED September Construction East of Rocky Mountains Highest Ever Listed in U. S. September construction contracts in the territory east of the Rocky Moun- tains reached a total of $587.674,000, according to the F. W. Dodge Corpora- tion. The area covered in this record consists of 37 States and includes ap- | proximately 91 per cent of the total construction in the United States. The total of contracts awarded was the high- est September contract total on record. | ! Municipal Inventory THE ‘EVENING STAR, WASHINGTON, D. €. SATURDAY, OCTOBER 13, of_ Real Estate ‘ Yearly Stabilizes Land Market| |~ Citles, through their real estate | boards, may systematically take in j tory of their real estate supply, both as to vacant and as to occupied property. | And where this is being done in more than one case the city has averted threatened “boom” conditions, dispelled | popularly exaggerated notions of over- building, stabilized real estate values and made a more ready and stable mar- ket for real estate as a commodity, real- tors say. How to make a real estate survey that will give an accurate picture of | existing supply in all types of struc- | tures and property is detalled in a pam- phlet which has just been issued by the National Association of Real Estate | _An accurate listing and measurement |of the real estate xuprly in a city and | its environments should accomplish ti | following results, the association state: It should stabilize bullding operations Boards. | | supply is adequate for the time being |and by tending to stimulate building | activity among those classes of improve- | ments in_which the survey shows an existing shortage. | It should stabilize rentals and values | by stabilizing the building situation and | by dispelling unfounded popular im- | pressions and rumors as to the condi- | tion of the real estate market. It should make real estate a more | liquid commodity by stabilizing rents and values and taking out, therefore, the uncertainty in the mind of the buyer or seller as to future major mar- ket fluctuations. G It should facilitate intelligent sub- | aivision and city planning by giving builders, subdivders and city planning | aythorities information showing the quantity, location and percentage of va- cancies in existing real estate improve- | more intelligently the expansion of va- ments, thus enabling them to forecast | LUWBER INDUSTR * CHANCEFOREAS Manufacturer Predicts Al Phases of Work Will Be Consolidated. Consolidation in all phases of the lumber industry from logging operations | to distribution was predicted by Wilson Compton, secretary-manager of the Na- | tional Lumber Manufacturers Associa- tion, in an address before the Kansas | City Chamber of Commerce recentl. Looking into the future of the Qn-l dustry, Mr. Compton made a number of predictions, as follows: business and the village cobbler in the boot and shoe industry. Grade-marked, guaranteed lumber of skillful manufacture, bearing nationally advertised marks, careful refinement and expert grading will become the generally accepted public standard for lumber. Other lumber will eventually be at a discount both in public prefer- ence and in price, thus repeating the experience of other countries and other industries. “I expect to live to see the day when, outside of the sawmills doing local busi- ness, the entire lumber industry of the United States will be comprised within fewer than 100 separate Ow“e“hg)!'" Mr. Compton continued, “with indus- trial leadership comparable to that of the steel, oil, motor and copper in- dustries; when, in addition to standard 1928 products, fire-proof, rot-proof, bug- proof and shrink-proof lumber will be generally available at a reasonable cost; and when the products of the per- petually renewable forests, instead of being as now the favorite target of sub- stitution, will themselves become a sub- stitute for the less favored and irre- placeable materials.” Sy 0. E. Culp Purchases Home. O. E. Culp, a fire insurance agency director, has purchased the detached eight-room brick and shingle house lo- cated at 6407 Florida street, Chevy Chase, Md. The property was acquired from Gaver & McLachlen through the office of Boss & Phelps. As Long as You Are Paying fora Home Why Not Own It? ‘REALC ESTATE. in Chevy Chase, D. C. 15,000 A new detached Colonial brick resr'Jem:e Ilflv;’lg seven SPACIOUS rooms, extra first 3222 T 13 per e e O e i's | by tending to_check the erection of |rious distriots of the city and the direc- | Py, SOC, S OUCUEL s rhe The payment of rent purchases property for someone loor lavatory, « s . < for the same month of last year and 14 per cent ahead of August, 1928. The September record brought the #totai amount of new building and engi- neering work started since the first of this year up to $5,132,944,100, repre- genting an increase of 7 per cent over the corresponding period for 1927, An analysis of the September build- ing record showed the following out- standing items: $202,806.900, or 35 per cent of the total, for residential con- ftruction; $119.013,600, or 20 per cent, for public works and public utilities; $114,780.300, or 19 per cent, for indus- trial buildings; $60,068,000, or 10 per cc: t, for commercial buildings; $38.800,- 500, or 7 per cent, for educational buildings, and $23,845,700, or 4 per cent, for_hospitals and institutions. New projects contemplated which was reported in the 37 States amounted to §522,655,600, a decrease of 15 per cent irom the total reported in the preceding month and a drop of 17 per cent from the amount reported for September of last year. Contract Total Gains. Contracts awarded for new construc- fion in the Middle Atlantic States (eastern Pennsylvania, southern New Jersey, Maryland, Delaware, District of Columbia and Virginia) reached a total of $66,170,000 for the past month. ‘This amount exceeds that of August by 30 per cent, but falls below September, 1927, by 15 per cent. The most impor- tant classes of work included $26,495.- | 300, or 40 per cent, for residential buildings: $15,237.000, or 23 per cent, for industrial buildings; $9,870,000, or | 15 per cent, for public works and public utilitie: 5,426,200, or 8 per cent, tori commercial buildings, and $4,513,000, or % per cent, for educational buildings. Since the first of the year total con- | tracts awarded for this district have | amounted to $603,344,700 as compared with $579,324,000 for the same period of 1927, representing a gain of 4 per cent. The total of contemplated construc< tion reported for the past month amounted to $74,989,700, which is a decrease of 28 per cent from the pre- vious month, but an increase of 18 per f’;n; for the corresponding month of 1927, New England States. New construction work started in the New England States reached a total of 871,611,100 for the month of Septem- ber. This amount is 84 per cent ahead of August and 108 per cent greater than Beptember, 1927, New building and engineering proj- ecs awarded during September amounted to $154,895500 in New York BState and northern New Jersey. This total shows an increase of 22 per cent over the previous month and a gain of 46 per cent over that of September, 19, i “ 'w construction and engineering projects started in the Pittsburgh dis- trict (western Pennsylvania, West Vir- ginia, Ohio and Kentucky) amounted 10 $75,499,800. . This total represents an increase of 32 per cent over that of the previous month and an increase of 7 per_cent over September, 1927. The Central West (Illinois, Indiana, Towa, Wisconsin, Southern Michigan, Missouri, Kansas, Oklahoma and Nebraska) reported a total of $145,744,~ 200 of contracts awarded for new con- truction and engineering work. ‘This amount is 12 per cent less than August, | [i 1928, and 6 per cent less than the | corresponding month of last year. Honest Driver. WESTPORT, Conn. (#).—When Ed- ward Cralg, Saugatuck taxi driver, ran over a chicken he duly reported the fatality to police—the first report of M | those types of bufldings of which the tion of growth of the city as a whole. IMARYLAND COUNTY |Prince Georges and Mont-| gomery Cited in Total Put at $818,514,080. Special Dispatch to The Star. | BALTIMORE, October 13.—The tax- | able basis on real estate and personal property in Maryland counties is placed at $818,514,080, according to an an- | nouncement by the State Tax Commis- | sion this week. ‘This is an increase of $93,259,335 over the basis of $725,255,745 on real and personal property in the .counties last year. ‘The total State tax basis for real and personal property, including Baltimore City, was fixed at $2,001,606,161, an increase of $145,860,609 over the basis of $1,855,745,552 for last year. ‘With business corporation, domestic corporation, non-stock corporation and bank and trust company shares, to be announced later, the total assessable basis in the State' is expected to be in excess of $2,800,000,000 for the next year, In Prince Georges. and Montgomery Countles, where suburban developments adjacent to Washington have been un- der way for the last few years, the in- creases were marked. - Prince Georges basis for this year is $58,421,869, as compared - with $42,098,005 last year, and Montgomery's is - $76,474,925, as compared with $59,207,880 last year. ‘The smallest taxable basis among the counties was in Calvert County, where it was fixed at $5,225,923, as compared with $4,894,152 last year. In Washington and Garrett Counties year, and in Garrett County the basis than that of last year. In Washington County. the basis for 1928 is $65,446,- 336, as compared with $65,789,340 last year, and in Garrett County the basis this year, in $16,153232 as compared with $16,335,191 last year. The decrease was attributed to. the lack of prosperity in the coal fields of Western Maryland. AR S E L et Cites Building Loan Growth. Starting in a small way in a suburb of Philadelphia, the building and loan movement has grown steadily since 1831 until today practically every community has such an association. There are more than 13,000 in this country, hav- ing assets totaling in excess of $8,000, Offices Saul Building 925 15th St. N.W. Convenient to Al-Day Parking B. F. SAUL CO. the kind on the local headquarters’ blotter. Let me show you how cheaply you can own an apartment —Warren built—and located ‘in the most picturesque Park. 3022 Porter Street The plan of this building makes lMain 2100 925 15th St. N.W. part of Cleveland MAJ. HESSE MAKES PLANS Expected Crowds. Anticipating that large crowds will be | downtown election night, November 6 to get the returns, the Commissioners yesterday approved a recommendation from Supt. of Police Hesse for the placing of steel cables along the Penn- sylvania avenue street car tracks be- tween Eleventh and Twelfth.stréets and from ‘Thirteen-and-a-half to Fourteenth streets. This was recommended in the interest of safety and to expedite the moving of | street, cars through areas where crowds | will gather to watch newspaper flashes | of the election results. Maj. Hesse also recommended that street car stops now located on both sides of Pennsylvania avenue between | Eleventh and Twelfth streets be trans- ferred for that occasion to points west of Twelfth street. and that the stop east of Fourteenth street be moved | temporarily to the west side of Four- teenth street on Pennsylvania avenue. These recommendations relating to car stops will be sent to the Public Utilities Commission for approval. New Yorker Honored. PARIS (#)—Cortlandt F. Bishop of New York has been given the French Legion of Honor award for services to Franco-American _friendship, particu- larly to the development of American motor touring in France. [Xi7aVara\iraYi7eYi 3] FOR ELECTION NIGHT% ( | Recommends Street Cables and Cari IAX VAI_UES RlSE Regulation Because of : {cuously broadcasting commission man | small ones will be smaller; the large | ones larger. Retail yards will continue as the | principal and preferred channel for the local distribution of lumber for building and general uses. But there will be fewer of them. Some will hold price first. More will hold quality first. And by their fruits ye shall know them. ! Fewer Wholesalers. There will be far fewer wholesalers, | and these will become in substance either selling agents of definite groups of mills or purchasing agents for de- finite groups of consumers. % The day of the free lance or promis- without fixed connections with either producers or consumers is, I think, near | the end. | More lumber will go into industrial | uses and proportionately less “ into building. Lumber will be much more completely refined, seasoned and fabricated before shipment, There will be vast developments in wood pulp and wood chemical products. These will make possible the use of smaller timber, and eventually the Fracticully complete utilization of the ree. The lumber business will become more and more of a diversified wood conversion industry and less of an ex- clusively sawmill and planing mill operations will be exten- sively consolidated in large ownerships. Some of these will be inter-regional and will include diversified species of both softwoods and hardwoods. Portable Mill to Decline. ‘The portable mill will be a declining factor in the lumber industry from now on, and within the next quarter century will take its place alongside the neigh- borhood grist mill in the flour milling Modern Im urora Hill, and Stores. TARVIA STREETS : Complete the Including D. C. Water, Sewer, Street Lights, Cement Sidewalks, Schools provements s wVirginia ¥ lots for your future unusually reasonab ———— Charming Homes and ideally located Take Wash.:Alex. Car at 12th and Penn. Ave. or drive across Highway Bridge. Home—and all at le prices and terms. 812,250 CHEVY CHASE, D. C. Near Chevy Chase Circle else: but the renter continues to pay rent. Monthly pay- ments equivalent to rent soon result in absolute ownership of a home. Declare your independence now by putting your money where it will p::rchase something for you. We invite you to come out and see our homes— 3705 to 3719 Albemarle St. N.W. It is cheaper to buy one of these homes than to rent. TO INSPECT: Out Connecticut Avenue to Albemarle St., then two blocks west, or out Wisconsin Avenue to Grant Road, then two blocks east. Town ffi? Country Realty Co. 927 15th St. N.W. Main 342 Neil K. McLeod & Co. Bond Bldg. Main 3934 117 PRIMROSE STREET This True Colonial in Old Chevy Chase MUST BE SOLD Army officer, leaving Washington, is offering this charming home at’a real sacrifice price and on terms as low as $1,000 cash. Beautifully situated near Chevy Chase Club—two squares east of Connecticut Avenue. Constructed of brick to the second floor joists with frame siding above and heavy slate roof. Center-entrance hall, with a very in- viting first-floor plan, including exceptionally large living room with open fireplace and French doors to concrete rear veranda, beautiful dining room, butler’s pantry and kitchen. The second floor con- s three large bedrooms, two tile baths and stairway to large attie. This home is practically new, embodying all the latest features, including a two-car, built-in fireproof garage. % Reached via Connecticut Avenue to Prim- rose Street, then turn right to No. 117 Open Sunday All Day Hepces & MipbLETON, INC. '1412 Eye St. N.W. Franklin 9503 Realtors 2] @ ol R D 0 A QT OLIVER STREET Kelvinator and bult-in garage. Deep lot with shade trees. RA OPEN SUNDAY To Reach—drive east on McKinley to 33d, north to Oliver St. NokeSansbury 1418 Eye St. N.W. EXCLUSIVE AGENTS Main 5904 “DOUGLASS SELECTED” BEST HOME BUYS . 6130 THIRTY-SECOND STREET Chevy Chase A seven-room detached brick in this excel- lent residential section. Two-car garage: large, expertly landscaped site near transportation, etc. Drive east from Chevy Chase Circle via Western Ave. and Rittenhouse to 32nd St. | 2810 THIRTY-NINTH ST. N.W. Only One Left Unquestionably the best value in this sec- tion——an all-brick home in M Ave. Heights with nine rooms, three tiled baths, two-car garage, full-width covered front porch, hard- wood floors, oil burner, hot-water heat, every facility for home comfort and the entertainment of guests. Drive west on Fulton St. from Mass. Ave. to 39th St. and Exhibit Home. 3636 . VAN NESS ST. N.W. This distinctive and unique design Cleveland Park Home of stone and timbered brick con- struction with' gracefully sloping roofs to large covered verandas, charmingly situated on large well-landscaped site. The interior is equally pleasing and practically arranged with open fireplace, period panels, two fully equipped tiled baths, etc. Drive east on Van Ness St two - blocks to home from Conn. Ave. INSPECT THESE SUNDAY J. E. DOUGLASS CO. Realtors—Builders 1621 K St. N.W. Frank. 5678 B JE (TAS St S G every apartment a corner, .with two pleasant exposures. Light as day in every nook and corner; convenient to everywhere—and with garage facilities for each resident. ! digse 42 A Month and small cash payment buys an apartment that would rent for $75 a month. N T T T e oA ' Béyond Doubt the Best Buy in Bethesda The owner and occupant is a builder—andl naturally he put the best materials and . workmanship into his home. 115 Fairmont Ave. Drive out Wisconsin Ayenue to the Bank at Bethesda, follow car line past engine house, turning right at the first street, which is Fairmont Avenne Y HHHARA PO e A Model Home Situated on one of the most beautiful locations in this distinctive development North Woodside, Md. 1212 Ridge Rd. An opportunity tg secure this cozy bungalow at a price lower than similar adjacent property has recently been sold for. $8.250 With Terms You Can Meet 5 large rooms and sleeping porch, with modern bath, hardwood floors throughout, massive fireplace, hot-water heat, completely screen- ed, abundant choice shrubbery and garage to match house. and small cash payment buys an apartment that would rent for $85 a month. 3413 Quesada St. Charming—Individual Entrance hall, liv- ing room, 2 bed- rooms, dining alcove and kitchen equip- ped with electric refrigeration. Entrance hall, liv- ing room, bedroom, dining alcove and kitchen equipped with electric refrig- eration. 6 rooms, full tiled bath, open fireplace, built-in refrigerator in the kitchen. 3 bed- . rooms, servant'’s toilet, laundry trays, auto- matic hot-water heater, electricity, garage. Lot is 50x115 feet—prettily planted. $8,750 is the price —with terms that will make the purchase easy Open-Sunday from 1 P.M. to dark. Deal With a Realtor 1415 K Street I HIIIIMHHHHIIIMH!HII“IIIMMIIIMIl 000 OF attractive English Cottage Design, situated on a large well landscaped lot with fine old shade trees. Large living room with open fireplace, beautiful arch to dining room, model Kitchen, full tiled bath, detached garage—a real home at an unheard-of price. OPEN SUNDAY UNTIL 9 P.M. Drive out Conn. Ave. and turn off Circle at Western Ave., then east on Quesada one block 40 home. J. €. Douglass Co. Realtors - Builders 1621 K St. N.W, Franklin 5678 Every expense and all carrying charges are included—leaving a liberal payment on principle each month. There has never been an opportunity like this in Co-operative Apartments— and you ought to look into it right now. Inspection at any time, day or evening— including Sunday. Turn from Connecticut avenue into Porter street to 3022—on the left. Terry B. Simms 3022 Porter Street Phone Cleve. 929 0 k& Open for Inspection Daily and Sunday Motor out 16th St.. [ Georgia Ave., north under to North Woodside on the left. U into Alaska Ave. to the District Line at "Visduet & short 113 miles to {he Stone Entrance Thence to 1212 Ridge Road. N Woodside Construction Co. Phone Silver Spring 109 Main 4752 A I ) S