Evening Star Newspaper, December 8, 1928, Page 26

26 REAL ESTATE. THE EVENING STAR, WASHINGTON, D. C., SATURDAY, DECEMBER 8, 1928 REAL ESTATE. TRADE INCREAGES Cooler Weather Results in Special Dispatch to The Star. BALTIMORE, Md, Deceml Potatoes, white, ATD. C. MARKET carrots, 100, 4.0026.0t Baltimore Markets ber 8.— 100 pounds, 80al.16: sweet potatoes, barrel, 1.50a2.00; bushel, 50a1.50; yAms, barrel, 1,50a3.00; beans, bushel, 2:5024.00: beets, 100, 4.0085.00; broccoli, bushel, 60a75; Brussels sprouts, quart, 10al8: cabbage, ton, 30.00a45.00: 0; celery, crate, 1.50 FEDERAL RESERVE BOARD MONEY MARKET CONDITIONS AIDED BY FEDERAL RESERVE 2000 MILLIONS W DOLLARS RESERVE BANK CREDIT WOMEN ARE CHOSEN FOR FUND BEQUESTS Leaving ]\;oney to Men Lessens Their Ambition, Executive's Will Says. ships, poverty and want are the best incentives for the Success of a man.” To his widow, Mr. Merrill left a trust fund of approximately $250,000. At her death this ‘fund is to be divided among a_daughter and three nieces, two of whom are Mrs. Eugenia Millet and Mrs. Alice Millet, of Stockbridge, Mass. The remainder of the estate is divided among other women relatives, with the excep- tion of two $10,000 trust funds, one to Dr. J. A. P. Millet of Stockbridge, and the other to Lawrence Millet of Oys- ter Bay, both nephews. Newspaper Joseph Rheinstrom, the Registry of Women. Early thls week Rheinstrom was ar- rested on the complaint of Mrs. Hall that he was operating a confidence game and swindling Chicago sucicty women by inducing them to give $350 each to have their family histories pub- lished in his registry. Mrs. not appear in court agains representative of American Soclety bim yes- terday, however, and he was released, He later swore out the warrant for Mrs. Hall's arrest. CHICAGO POULTRY PRICES. CHICAGO, December 8 (#).—Poul« try, alive—Steady; receipts, 3 cars fowls, 18a25: Springs, 27; roosters, 20; a3.00: cucumbers, bushel, 3.00a5.00; egg- By the Assoclated Pross NEW YORK, December 8.—Acting upon the theory that inherited money handicaps a man but helps a woman, the late Willlam Bradford Merrill, for years general manager of the He: newspapers, left virtually his entire for- tune to woman relatives, the will filed | yesterday disclosed. The estate was said to total between $500,000 and $1,000,000. “In the will read, ‘I have named as beneficlaries wive: preference to husbands, or daughter: preference to sons e my "Dupont’s Tontine WINDOW SHADES Give 100% Satisfaction! “They’re Waterproof” SOCIAI?REG?ISTRY WAR WILL GET COURT AIRING of Concern Ac- Better Business, Say Wholesale Dealers. plants, crate, 5.00a7.00; lettuce, hamper, 1.50a2.00; onions, 100 pounds, 1.50a4.50; peppers, crate, 5.0089.00; squash, crate, 3.50a4.50: savoy cabbage, bushel, 40a 90: parsnips, basket, 50a60; spinach, bushel, 35a65; oyster plant, 1 8.00; tomatoes, crate, 2.50a5.f basket, 25a35: apples, bushel, cranberries, !,-bushel box, 7.50a9:75 grapefruit, box, 2.00a3.00: oranges, box, 250a4.50; tangerines, ! strap, 1.50a 3.00. Cooler weather the past served to increase interest in the wholesale district. Dealers to- day were displaying an interest in what they may expect next week rela- tive to Christmas trading There was the usual early morning demand for foodstuffs for the Satur- day and week end trade, the demand for poultry being heavier than usual. Pruits and vegetables were plenti- Woman cused by Competitor of Causing Arrest By the Associated Press CHICAGO, December 8.—Chicago's “social register wi will have an air- ing in court, Monday, when Mrs. Marizi Moore Hall, Western manager of the American Soclal Registry, Inc., will be few days Manager in trading on False Charge. Dairy Markets. Live Poultry—Turkeys, pound, 40a42; old. 35a40; Spring chickens, 20a30; Leghorns. 20a26; old hens, 22a28: Leg- A of a modest income of he A Lol aid to the ambition and contentment of a woman and not a hindrance to her ful and in fairly good demand. prices being substantially the same as those that have prevailed most of the week. At Municipal Fish Market dealers re- ported a fairly good demand for marine products, and the demand for oysters, due to cooler weather, showed a decid- ed increase. Haulers of poultry, butter, eggs and other country products from Maryland and Virginia anticipate a busy time the coming week bringing supplies to the Christmas market Prices this morning were substantial- | ly the same as prices quoted yester-| day. i Today's wholesale prices. Jobbers' | prices slightly higher W Butter—One-pound prints, 53a54; 52a53; store packed. 30a32 Eggs—Fresh selected. 47a48: hennery, | B3a55; current receipts, 45a46: storage, 33a35. Poultry, alive—Turkeys, 38a4 chickens, 28a30; Leghorns, 2 roosters, 19a20; Kkeats, voung, Dressed—Turkeys, 40a 48: S . 32a35; Leghorns, 28a30; fowl, capons, large. 40a 45; small, 30a35: ducks, 30a32; keats, young, 80a1.00. Meats, fresh killed — Beef, 18a. wveal, 27; lamb, 20a25: fresh pork loin: 19a22; fresh ham. 21: fresh shoulders, 19: smoked hams, 25a27; smoked shoul- ders, 22: bacon, 22: lard, in tins, 12%2; in packages, 14al5 Live stock—Calve: ‘Game—Rabbits, 2 grade, 15. HUGE SHRINKAGE SHOWN IN STOCKS’ PAPER VALUE By_the Associated Press. NEW YORK, December 8.—Paper values of stocks traded on the New York Stock Exchange have shrunk more than $2,500,000,000 during the two days of reactions, it was estimated by observers on the Exchange today. Gen- eral Motors shares alone have depre- ciated more than $300,000,000. Yesterday's market was an erratic one, the great selling moves occurring in the first and last hours. During the first hour of trading nearly 1,000.000 shares were traded in. Then one of the iargest brokerage houses in the Street flashed to its clients: “We would buy standard stocks at the market. We believe that the low prices of yesterday and the first hour morning will stand as the low prices for the month in leading issues.” Immediately this was received over the country the orders began to pour in and the market stiffened. Then call money went down to 9 per cent, as com- rnea to Thursday’s high of 12, and it loked like the day would end well. 1612 lamb. 13. 0. 1 grade, No. tub, | ery, no_quotations: No. 2 vellow, current group of the city's civic leaders today to lay plans for a permanent municipal horns, 21a22; small and poor, 18a20; old roosters, 17a18: ducks, 22a25; small, 18a20; geese, 20a25; guinea fowl, each, 40a85; pigeons, pair, 30. Dressed Poultry—Turkeys. pound, 38a 42: old, 35a36: young chickens, 30a32; old and mixed. 25a30: old roosters, 18a 20: ducks, 25a28; geese, 22a28. Eggs—Receipts, 1,017 cases; native and nearby, selected, whites, free cases, dozen. 50; firsts, 45: current receipts, 43. Butter—Good to fancy creamery, pound, 48a54: prints, 54a56: blocks, : ladles, 38a40; store packed, 34a process butter, 33a44 Hay and Grain Prices. Wheat—No. 2 red Winter, garlicky, spot, 1.33 ;December delivery, 1.33. Corn—No. 2 export, December deliy- cob corn, 4.65a4.75 barrel. Oats—No. 2 white, domestic, 57a58: No. 3 white, domestic, 5623615, Rye—Nearby. 1.10a1.20. Hay—Receipts, none. While hay is arriving here in limited quantities only, it is more than ample for the demand, which is being supplied mostly by truck from nearby points, few carloads being spot, spot, received. There is not enough business passing to establish prices on the va- rious kinds and grades, and all arrivals sell strictly on merit at a range of 16.00a18.50 per ton of timothy and No. 1 wheat, 11.00a12.00 per ton; No. 1 oat, 12.00a13.00 per ton. TREASURY WATCH DOG PLANNED IN CHICAGO Civic Leaders Propose Non-Politi- cal Commission—See Annual Saving of $20,000,000. By the Associated Press. CHICAGO, December 8.—-Chicago's financial crisis prompted a expenditures commission to serve as a watchdog over the city’s pocketbook. The shortage in the school board treasury, which necessitated postpone- ment of payment to school teachers, disclosures made in connection with the pay roll of the sanitary district, and expenditures regarded by many as ex- cessive in other city departments led to the present move. George O. Fairweather, chairman of the joint committee on real estate valu- ations and a leader in the plan, esti- By the Associated Press. Sudden cessation of the flood of warnings against credit overinflation and of much of the worry over the credit situation attending the enormous increase in stock trading during the past few months appears to have been due, in part at least, to purchase of ac- ceptances by Federal Reserve banks. | Funds thus released by the purchase |since September of more than $200,- 000,000 in acceptances in the open mar- ket met the Autumn demand for cur- rency and reserve credit and enabled member banks to reduce their indebted- ness to the Federal Reserve, discounts in October falling below the $1,000,000,- 000 level for the first time since June. Conditions in the money market have become somewhat easier as a resuit, the board says, notwithstanding recent - creases in the outstanding volume cof member bank credit. ‘The increase in Federal Reserve hold- ings is larger than usual this Autumn, it was said, the higher level of money rates encouraging bill dealers to reduc> their portfolios. Another factor has been the sale of dollar acceptances in the American market by foreign central banks. The board suggests that the earlier tightness of the credit situation was due to the fact that member banks met in 16 months a demand for nearly $500, 000,000 of gold for export and were forced to make up this loss of reserves by additional borrowing. This was augmented by continued sale of United States securities by Rescrve banks. While a larger part of the growth of credit demand has been for loans on securities, the total increasing $700,- 000,000 between August 22 and the end of October, loans for commercial pur- poses in October reached the highest level in eieght years, MONTGOMERY JAIL TO BE ON COURTHOUSE Combination Building Decided Upon as Result of Visit by Com- mittee to Other Communities. Special Dispatch to The Star. ROCKVILLE, Md., December 8.—Al- though the county commissioners sev- eral months ago purchased, at a cost of $10,000, a site in Rockville upon which to erect a modern jail with the proceeds of the $50,000 bond issue re- cently floated by the commissioners, the lot will not be used for such purpose. The county will have a new jail on top of the Rockville Courthouse, when the courthouse is reconstructed next vear, and for which the county com- missioners sold, during the Summer, $250,000 in bonds authorized by the last Legislature, The combination building was decided on as a result of a recent visit to half a dozen or more towns and cities in North Carolina by members of the courthouse building committee and oth- || crs, who ascertained from observations and talking with officials that a com- bined courthouse and jail is desirable from the standpoint of convenience. economy and every other consideration. The two bond issues will make avail able over $300,000 for the combination | |f structure. It is believed the building can be constructed for less than that amount. T. S. TREASURY RECEIPTS. | ‘Treasury receipts December 6, $7, i 698,733.09; expenditures, $10,798311.91; | balance, $66,830,079.47. happy marriage. “On the other hand, I believe that to a young man a small lessens ambition and self-reliance. baths. Naval officer transferred from Washington has author- ized us to sell his home at a price several thousand dollars below the price paid-for it. House in excellent condition; well financed and can be purchased for reasonable cash payment Four master and bath. For appointment to inspect— Randall H. Hagner & Co. arraljgned on a charge of false arrest and imprisonment. inheritance | Mrs, Hall was arrested yesterday on Hard- 1740 M Street 3 FOR SALE room, two master Servant's room rooms and dressing Living room, dining room and den. INCORPORATED 1321 Conn. Ave. Phone Decatur 3600 A wave of selling hit the market in the last hour, however, and only the gong saved it from being an uttér rout. Stocks of the best possible repute lost from 10 to 28 points on the day, al- mated that taxpayers would be saved from $20,000,000 to £30,000,000 annually if there were a non-political civic body charged with scanning the expenditures of all departments of the city govern- ment. though there was quite a bit of quiet The commission would scrutinize pay Inspection Invited Sunday Fine, New, Brick Semi-Detached Homes S Estimate © | Main 3324-3325 | 830 13th St. N.w.l W. STOKES SAMMONS, Proprietor é This attractive corner brick house in Sixteenth Street Heights will be open Sunday from 11:00 to 5:00 Drive out Sixteenth Street to Geranium, then one square east to 14th Street S. E. Corner 14th and Geranium Sts. Consists of wide center hall, very large living room opening onto enclosed porch overlooking 16th St. and Rock Creek Park. Spacious dining room, large pantry, kitchen, Frigidaire, lavatory, 5 bedrooms, two baths, splendid hardwood floors throughout. Marble baseboard on first floor; servants’ quarters and bath, oil burner, incinerator, mangle, two-car brick garage. Screened and metal-weather stripped throughout; lot 65x125, to paved alley. ROBERT E. HEATER, Realtor Main 4820 Colorado Bldg. buying in some issues, notably Ana- conda Copper, which on a turnover of 165,500 shares lost only 31 points. Con- solidated Gas, in which 128,800 shares were traded, showed a net gain of 3 of nlgolgglor tll;etsdny. At one time it was s points. Other prominently traded stocks, however, mostly shuweé large losses for the rolls, letting of contracts, bond issues, public projects, special assessments, pur- chase of suppliees and revenue from water and other non-tax sources. DOWNTOWN WAREHOUSE For Rent Rear 927 D St. N.W. 4-STORY—FIREPROOF ELECTRIC FREIGHT ELEVATOR ERICAN'-_SECURITY Real Estate Dept. 15th & Pa. Ave. N.W. These semi-detached homes are built of the best material and consist of 8 large rooms and bath. The interior is of unusual beauty and arrangement. Panel- ed papering, finest fixtures, beautiful hard- throughout, cedar fireplace, large frigidaire, extra Sample House 810 Sheridan Street Open and lighted daily from 11 AM. to9 P.M. We urge your inspection Sunday. Drive out Ga. Ave to Sheridan, turn right 1 block to property. ARTHUR LEWEY Exclusive Agent P | Main 4255 | L I 30000000 0 N N IS\ ISV B A R I I TR bl IIII{ T R 7 U. 8. COTTON REPORTS. By the Associated Press. Cotton production this year was 14,- 373,000, equivalent Sflfl-m\i’nd bales, l%r- Department of Agriculture announced m‘y in its final estimates of the sea- The Census Bureau announced that cotton of this year's growth ginned prior to December 1, totaled 12,561,618, counting round bales as half bales. closets, massive open kitchen cquipped with large pantry and many other features of merit. Extra large cement front porch, with cold storage room beneath. Lot 25 by 162 ft,, with cement block garage . Paved alfey. These homes are priced to sell on sight, wood floors 0 Porter St. N.W. (Convenient to Conn. Ave.) Beautifully terraced and landscaped lot. Detached Brick home with built-in garage. Eight rooms (including maid's). Electric refrig- eration, etc. Every modern feature; superb finish. Attractively priced. Inspect Sunday or any afternoon. . WM. H. SAUNDERS CO., Inc. Exclusive Agents 1433 K St. N.W. on rear. M. 4815 Members of the Operative Builders' Ass'n o the D.°C. 1103 Vermont Ave. District 1017 L Four Sold Open Sunday Never Occupied —but the owner will sell for $1,000 less than the regular price. 4812 Mentgomery Lane Edgemoor, Md. 6 rcoms Filed Bath Hot-water Heat Big Lot Not only is the price reduced—but the terms have been left to us to adjust to the purchaser’s convenience. this one remaining ||| o s opportunity to live in 2831 Chesterfield Place N.W.- Sample House—5907 Fourth N.W. ington architect as being one of Brick and Stucco 'HIS home contains 6 fine rooms—3 are bedrooms— the most attractive homes in this a tiled bath—an open fireplace, double rear porches, NOW Only $8‘\950'00 highly restricted development. a Colonial mantel, hardwood floors throughout, and a Attractive terms to immediate buyers: excellent con- large basement with laundry tubs. I struction; conveniently planned; four bedrooms, including i Overlooking ompletely equipped kitchen—hot-water heating sys- - Shog tem, automatic hot-water heater and beautifully designed ROCK CREEK P ARK the inclosed and heated porch: open fireplace, built-in :ime“pr woodwork and decoration complete this marvelous rffnsemor: ;’roni fland rea:{ pmlche.s: ho!-wat:rhheat. welling. ; electricity and oak floors; cedar closet; automatic heater LS 3 st Built of stone and cement, cen- ol i SRS tengF cotrses i is idelly located on an auteacively it Z{m‘ e encRicen for service water: built-in garages pavad sidewalk, alley By Aokosie aiuke it wonderfully wooded lot, 100-ft. and street:; only a short distance from the extended possible for any depend- Jren L Ll i}fe“'z parage. Fourteenth Street car line: bus line in a few weeks. (If able person to own this mfz”fi;est” gnstmtoA Limica?a Avg- by streét car, take 14th St. Takoma car to Peabody St.) then north to Chesterfield Place. The price here quoted is a substantial reduction from Tormir Adurvan: and) werbeliuvats tHa Bsatal e tiox will most modernly equipped convince you that here is an opportunity to secure a REAL residence. BARGAIN. 3 Ofpen Daily and Sunday $10,950 Wm. H. Saunders Co., Inc. = 1433 K St. N.W.—District 1017 e i One of the prettiest homes in this popular community—convenient of access—exception- ally well-built and finished—and equipped with the best of fixtures throughout. Hardwood floors; spacious side porch; wide lawns all around. If you want to buy a REAL House for less than it would cost to rent here’s your op- portunity. Open Sunday from 1 P.M. to Dark N Montgomery Lane is the first avenue into Edge- moor. Motor out Connecticut Avenue, turning into Bradley Lane and north into Wisconsin Avenue, or directly out Wisconsin Avenue. " EALTO Deal With a Realtor 3603 R St. N.W. This Sample Home is_always open_for_inspection. Splendid bus service gets you downtown in less than 15 minutes. Take a BURLEITH Bus Today. HANNON - & LUCH Discriminately priced for the careful buyer OPEN SUNDAY ALL DAY HEDGES & MIDDLETON, Inc. Realtors 1412 Eye St. N.W Franklin 9503