Evening Star Newspaper, November 24, 1928, Page 19

REXT ESTATE. REAL ESTATE., BUILDING MATERIAL PRICES ARE STEADY Survey Shows Stronger Demand | HOME OF GILBERT P. RITTER T CEVENING STAR.” WASHINGTON, D. T. SATURDAY. NOVEMBER 24, 1928 .19 present high stock prices and extent |since sensitive to changes in money, wil to which borrowed money has been | be peculiarly dependent on Federal Re- Simplicity and color are the keyn: BUSINESS BUILDING| PREDICTED IN 1928 (ks st it ™0 . | s e tlement, however, would prove transi i | rooms of today strive to give an effeck] ]wry and intermediate and be followed So great has become the number of | of easy grace and airy spaciousness. ‘presenfly by rznewefl nd\i;u\cr‘ In!lstm‘k [ : - Bt T\ Tatibe laiportant fh 't Tt | & i 1 prices X| f B ans. | | are being ved t ntrol e | how 1 3 Four-Story Brick Block at 1216 K| Present Interest Rates Seen as priccs espansion of coliateral loans |police arc being emploved fo corteor foe | Q0% "0t e perfect and fit into the i Keynotes of Decoration. ENEAS CASEY BUYS REDUCTION IN LOANS employed in speculation. Declines of | serve policy.” | Msis in Amsterdam, Holland, that | these more sparsely furnished interiors, picture as a whole. Continuance of the selective market | bi Bond market. biles in this country. for ' Steel—Prospects for Labor Are Good. | Building materials wholesale prlcc,t‘\ and markets were firm during the last | month, according to a survey by S. W. | Straus. The demand for construction ‘materials for purposes other than the erection of buildings strengthened the | position of materials, especially steel. | |8 “Winter prospects for labor in the | building industry have an upward | tendency,” Straus said. “There are a | number of reasons for this trend. but more particularly that by means of bet- ter planning on the part of contrac- | tors and by improved methods in con- | struction, labor can be fairly well em- | ployed in the industry throughout the | vear, depending, of course. upon the demand. The effort to offset the so- called Winter building slump is in no | purchased by Eneas Casey from the Street Is Leased for Ten Years. { The recently completed four-story | brick and concrete business building | located at 1316 K street, immediately to | the east of the Franklin School, has been | Charles H. Tompkins Co., the builders, | it was announced today by McKeever & | Goss, who handled the transaction. | The sale price was not disclosed. The property recently was leased for | a period of 10 years to the H. C. Rob- erts Co,, wholesale concern handling electric supplie: Real estate values are based on aver- ages; that is, the market value of a| home depends upon its appeal to the tastes and desires of the typical hom> | owner capable of buying a house with- Hindering Business Operations. The Harvard Economic Society, dis- cussing the 1929 business and financial outlook, says: “Maintenance of some- thing like the present level of interest | rates means that business will be | somewhat less active in 1929 than it has been in 1928. The present level of money rates, if it persists next year. now seems probable, will tend to di courage the borrowing of funds for pi vate construction, though public con- struction will no doubt continue large. It will make installment credit more ex pensive, and may slow activity in branches stimulated by installment pay- ments. “Less active business will mean less stimulus to stock prices; and any con- siderable readjustment in manufactur- ing would no doubt unsettle speculative is probable in 1929. way perfected, but both craftsmen and contractors are realizing more and | more the importance of a full working vear as against the three-quarter year construction period which has been cus- tomary in the industry for so many years. “with the palitical campaign over - RENI SN Dey M New home erected at 2757 Brandywine street, Forest Hills, which has been 2 continuation of -prosperity, the con- i ¥ e otnbe ot TG Sela, Gt on M IR | Dy M REIEE, Hiecal:atlacney, Sl suph Stiie Apiioe faf (5. 1. T sMeny healthy tone for the next 12 months. No labor disturbances of importance are 4ot gidef 1y NEW CORPORATION FILES.| Special Features Opposed. | speciai Dispaten to The star. | Perhaps the most important matter | BALTIMORE, November 24.—The | in the given price range. opinion severely, especially in view of MR. LEE D. LATIMER, JR. formerly with the office of 2608 10th St. N.E. Well Built + J. DALLAS GRADY 1o keep in mind in any home-building enterprise—important at least until the | investment aspect of home-owning can be wholly neglected—is that of con- sistently developing the house in all Suburban District Building Association, Inc, of Takoma Park, Montgomery County, has filed articles of incorpora- tion with the State Tax Commission. ‘The company is capitalized at $5.- Well Located Just Off R. I. Ave. Open Daily Until 9 P.M. 7s now associated with the Busi- 7 000,000. Zach C. Elkin, Thomas A. Lee and Frank V. Davies are the in- corporators. details without undue emphasis on spe- ' cial features of extreme individuality, brick home, approaching eccentricif A new tapestry with seven rooms, tile bath, 3 porches, inclosed a open; built- in garage; attractively finished, with every modern convenience. Low Price—Small Cash Balance Like Rent Robert E. Kline, Jr. Owner Or Any Broker 718 Union Trust Bldg. Main 5246 ness Wapursivs Dipurimos The thming Star Model Home , | oaclmli ' i[la‘ge;?. America’s Smartest Colony of English Group Homes 4422 Que St. SOUTH OF RESERVOIR RD. N. L. SANSBURY CO., INC. 1418 Eye St. N.W. e INVESTMENT / /9 In The Heart of the Realty and Financial District PRICES RANGE $10,500 to $21,500 Open Dail} 9 AM. to 9 P.M. A New Home Historic Old Georgetown There are a few very desirable weM-lighted rooms mow available in this thoroughly modern building; as low as $45 per month; also ome of our most attractive suites located om the 2nd floor and facing both I5th and K Sts. A Predetermined Noncompetitive g ~ Development VERY REASONABLE RENTALS ‘ R " .‘ 3 R | R 3 s ; - I Furniture, Draperies and Rugs from THE HOUSE OF W. and J. SLOANE Wonderfully built and equipped. All brick with exterior woodwork of cypress; Genuine Bangor Certificate Slate roofs; No-Kol Oil Burners; Noiseless Rotary Frigidaire; Arkansas glazed clear white oak flooring; tongue and groove dry kilned sub flooring; steel beam construction under each floor from cellar to roof; white pine, chestnut and ash trim in inte- rior; plate glass windows; birch, oak and ash doors; Pembroke tubs and pedestal lavatories; sanitas on kitchen and bath room walls; wood and stone mantels, 15th century design. All brass knobs and lighting fixtures; unusual arrangement of kitchen dressers, running from floor to ceilin; cold storage room ;. cedar-lined closets; bronze copper screens throughout; enameled laundry trays; double and single fireproof garages; imported English papers. Many other unusual ‘features of refinement and beauty. Apply Building Manager on Premises Main 2388 Pictures from the DUNTHORNE GALLERIES Investment Building Wardman Management The Home Gymnasium from the GYM JR. CO. Chas. G. Graves—Rep. Foxhall Village, Owned and Developed by BOSSEHELPS 1417 K ST. Drive out Que St. to Wisconsin Ave., turn right one block to Reservoir Road and left on Reservoir Road to Village. Make Ieft-hand turn at 44th 8t. Or take Burleith- Foxhall Bus at Dupont Circle to Village. Brick Homes Colonial Type—& Big Rooms 3264 S Street N.W. Colonial Type Home Amid an Environment of Culture and Refinement Adjacent to the homes of Hon. Robert Woods Bliss, Mr. J. Bernard Wyckoff and other prominent families of the Nation’s Capital, you will find this artistic Colonial home—accessible, convenient—yet secluded. Its wide veranda, spacious living room, bay windowed dining room and Colonial stairway make it especially inviting. The two luxurious tiled baths and the four bedrooms will comfortably accommodate the average family. The lot, with an 85-foot frontage, is attractively landscaped, and there is ample space for a rear garden. Portico to brick garage. A very moderate price is asked, and liberal terms can be arranged. Just com- pleted and ready for occupancy. Open All Day Sunday Schwab, Valk & Canby Realtors Just 3 Left of 6 Built! small homes can have Heat for $3 50 Facing Rock Creek Park: and - adjacent to Million Dollar Bridge and Wardman Park Hotel $13,950 on especially attractive ‘terms 1704 Conn. Ave. Pot. 830 Exhibit Home 2206 Cathedral Ave. Open 9 AM. to 10 P.M. 1418 14th St Main 949 Exclusive Agents and up Completely Installed Only $50 Down Easy Terms gardless of weather.” To change it, all you need do is move the handy upstairs thermostat—just a finger’s touch. Clean, safe heat— no work or worry! With Williams Dist - O - Matie there’s no more coal shoveling, no ashes, no smoke or dust. 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Over You'll “jump at” these homes the min- y ute vou see them. IEvery one is semi-de- 50 3 | tached—constructed of brick—has large Sold! ched—constructed of Dbric s large ™ o Cash 355 > hig porches Monthly Williams Dist-O-Matic burns dis- tillate oil, readily obtainable at all times from local oilidealers. Fully - antomatic—set it in the Fall at the precise temperaturc you desire, then forgetit! Tt will maintain that temperature, within 2 degrees, re- IMMEDIATE INSTALLATIONS Domestic Service Corporation Exclusive Representatives 1706 Connecticut Avenue William H. Gottlieb, General Manager Ready for Occupancy BUNGALOW-TYPE HOME with 5 spa- and tiled bath, locatéd on a f TAKOMA PARK. D. C. tures, is especially well con- A NEW § cious rooms, sleeping porc very large lot in the best part I'his house has all modern structed, and an opportunity is here presented of buving it DIRECT FROM OWNER at a figure | S THAN COST and materially below replacement value. rooms—2 built-in garage. and many other attractive features. Inspect Them Today Tnspect today, and you'll move in to- morrow, 6,750 to %7,850 WARDMAN 1437 K Street N.W. Main 3830 We house over one-tenth of Washington's population! Very Easy Terms Nos. 6605 and 6609 5th Street Come Out Sunday You won’t regret it H. L. THORNTON Ouger and Builder 6900 4th St., Takoma Park, D. C. Office Phone Georgia 2291 OFFICE AT 8th & Tuckerman Sts. N.W. Open Until 9 P.M. TO GET THERE—Out Georgia Ave. to Tuckermam §t., or Georzia Ave. cars and get off at Tuckerman 8t., W.. then east one and one-half squares. BY AUTQ—Out Sixteenth St. throuch Colorado, ° thence ‘to Tuckerman Sircet and Eighth. Telephone Georgia 304, Potomac 2048 4 #