Evening Star Newspaper, January 12, 1929, Page 20

oy REAL ESTATE. SECRETARY LTS 13 TRADE FORCES Economic Conditions Rule Outlook at Opening of Year. Some of the more important economic | forces which dominated the business | situation at the opening of the year 1929 were credit conditions, the degree of accumulation of merchandise stocks and of speculation in them, the size of the crops, the rate of wages and volume of employment and the prospects of foreign trade. This was the statement of Secretary of Commerce William F. Whiting as re- porte ! in the January issue of the Con- structor, publication of the Assoclated General Contractors of America. 1928 Extraordinary Year. ‘The statement continued: “With respect to credit conditions 1928 has been an extraordinary year. The outflow of gold which began In the Autumn of 1927 continued during the first half of 1928, and caused a re- versal in the easy money situation that had prevailed for several years. Public attention has been fixed on the rise in ' § the rates of Stock Exchange 90-day | time loans from 4!4 per cent in Janu- ary to 712 per cent in the early Autumn I FOXHALL VILLAGE MODEL HOME SOLD I BUILDINGS APPROVED. Architects’ Council Passes on Eight Structures. Architectural designs for two large apartment houses, three dwellings and three store buildings were approved at recent meetings of juries of the Archi- tects’ Advisory Council. Plans were approved for the $2,000,000 apartment designed by Harvey Warwick for 1900 .F street; the $1,100,000 apart- ment designed by ‘Louis Justement for 1660 Harvard street; $55,000 dwelling designed by George N. Ray for 2406 Kalorama road; $14,000 dwelling de- signed by H. L. Breuninger for 7613 Morningside drive; $12,625 dwelling de- signed by G. E. MacNeil for 2913 Glover driveway, and three stores cost- ing $12,000 designed by Mr. Warwick for 805-09 Monroe street northeast. The juries included H. W. Cutler, Edward E. Domm and J. A. Parks, PSR iy Celotex to Build New Unit. NEW YORK, January 12 (#).—Im- mediate construction of an additional unit at Celotex Co.'s plant at Marrero, La., was authorized this week by B. G. Dahlberg, president. This will be the seventh unit and will increase produc. tion capacity to 000 feet daily. property has been appropriated for any such needed public purpose, the re- mainder may be sold or leased with or without such restrictions as may be appropriate to the improvement made. Bonds may be issued to supply the funds to pay in whole or in part for the property so appropriated, but such bonds shall be a lien only on the prop- THE EVENING STAR, WASHINGTON, D. O; SATURDAY, JANUARY 12, 1929. HORACE PEASLEE IS ELECTED D. C. ARCHITECTS' PRESIDENT Washington Chapter ~ of American Institute Names Officers. New Leader Active for Many Years Here in Or- ganization. Horace Peaslee was elected president f the Washington Chapter of the Amer- ican Institute of Architects at the an- nual meeting of the organization held this week at the Cosmos Club. Mr. Peaslee was vice president of the chap- ter during the past year and for a number of years has been active in the work of the chapter. George Oakley Totten was elected first vice president, Fred V. Murphy, second vice president; Gilbert L. Ro- dier, secretary, and W. H. Irwin Flem- ing, treasurer. Mr. Rodier has served three terms as secretary and Mr. Flem- ing was treasurer during the past year. Louis Justement, retiring president, was elected a member of the executive committee, which will consist also of the officers and chairmen of standing REAL ESTATE. Mr. Smith spoke on Colonial churches | ington and other leading citles Where of early American days in sections from | Straus operates. Maine to Georgia, and Irwin S. Porter discussed the relationship between an architect and his client. TR IR PUNSEET Secrecy Guaranteed! HANKOW (#).— Candidates for Stabler With 8. W. Straus & Co. |membership in the Red Spears, an or- Walter Stabler of Kenneth Slawson |SRnization of farmers against bandits, Hobbs, Inc., former controller of the | Must guarantee the secrecy of instruc- Metropolitan Life Insurance Co., has | tions by eating the paper they are become associated with S. W. Straus & | written on. They are taught to be- Co. as advisory loan counsel, it was|lieve that they are immune from announced today. He will visit Wash- | enemy bullets. Wesley Heights $14.950 ABSOLUTE SACRIFICE 4540 Lowell St. N.W. 1/6 of an Acre of Ground ‘This charming home speaks for itself. You need only to see the deep landscaped lot, the cozy but spacious bedrooms, the large high-ceilinged living room with its real stone fireplace to want to make this your permanent home. Of course, this home was W. C. & A. N. Miller built and is fully detached with sleeping porches, garage and oil heat. OPEN ALL DAY SUNDAY Wm. S. Phillips & Co. Agents HORACE PEASLEE. meeting of the American Institute of Architects are: Mr. Peaslee, Mr. Rodler, Victor Mindeleff, Prank Upman and Robert F. Beresford. Alternates nam- ed: Mr. Murphy, A. L. Harris, Willlam Partridge, Delos H. Smith and L. P. Wheat. committees shortly to be appointed. Delegates named for the annual! During an entertainment program, 1501 K St. Main 4600 erty so acquired, and they shall not be included in any limitation of the bonded indebtedness of such munici- pality. | It’s Not the Ads. That have made those and the even greater rise in call money rates. It is well, however, to note that bank credit for commercial purposes has been in ample supply at rates rang- ing from less than !> per cent higher in Southern and Western cities to slightly over 1 per cent in New York City, while open-market rates for commercial paper have increased by only 112 per cent during the year. Large colonial brick residence of the group type, 4422 Q street, sponsored during the Fall by The Star as one of its 1928 demonstration homes, which has been purchased from Boss & Phelps by M Edna M. Rives Duke. It was de- signed by James E. Cooper and contains living room, dining room, breakfast nook, kitchen, six bedrooms, a study and three baths. PLAN NATION-WIDE SURVEY 3701 Military Road Chevy Chase, D. C. Naval Officer Must Sacrifice Open Sunday from 11:30 A.M. to 5 P.M. bl i aung be gt OR “EXCESS CONDEMNATION™ || bmgamest b Soven $14.,950. in 1927, and there was an even greater rapidly. : ST T This detached residence is 1ocated one block from Con- expansion in manufacturing production, but neither stocks of raw materials nor of manufactured goods have shown any general tendency to accumulate. There necticut Avenue on an elevated and beautifully landscaped corner lot with huge forest trees. A newly decorated home with three bedrooms, three baths, enclosed sleeping porch, copper-screened front living porch, maid’s quarters and built- in garage. OPEN FOR INSPECTION ALL DAY SUNDAY WM. S. PHILLIPS & CO. Realtors 1501 K St. N.W. X Main 4600 I¥’s this fact! Ads have shown the way and once there, prospective pur- | chasers who have shopped | around realize that— 1700 B St. N.E. is an Outstanding Bargain You can't find a home with such a quality of material so periectly assembled at any- where near the price. Lo- cated in a restricted zone near Eastern High School. is used with eminent success in Eng- land, especially in London,” Mr. Zander said. There have been many instances where the value of property has jumped from a low figure to an ex- ceedingly high one, due to the im- provement of the street on which the property is situated. This great in- crease in value was handed the owner on a silver platter, and the entire city in which the improvement was made paid for it by a bond issue.” The text of the amendment author- izing so-called “excess” condemnation recently approved by the voters of Michigan is as follow: “In exercising the powers of eminent domain and in taking fee of land and A Nation-wide study of “the problem of excess condemnation” will be under- is no considerable speculation in com- | taken by the National Association of modities, and wholesale prices average | Real Estate Boards. The term is used about the same as a year ago. to express the procedure whereby a city = - may appropriate land for public pur ‘Wages Hold High Level poses in excess of the amount actually “Wages continue at a high level and | needed for its project, and later may unemployment has been reduced to & |dispose of the excess land to defray minimum. There has been a continued | the cost of the improvements. demand for additional workers by mer-| California and Michigan have just cantile establishments, hotels and the automotive industry, and factories have once more been increasing the number on their pay rolls. Labor conflicts in the coal and cotton textile industries were settled during the past year, and relations in most sections of the labor been added to the list of States which have either a constitutional amendment allowing excess condemnation or have passed legislative action authorizing it. Other States where excess condemna- tion has been authorized are: Massa- chusetts, Ohio, Rhotle Island, New Jer- WorAdctt‘z‘rietyn?‘\:' (:}i‘mu‘ag& A, | sey, Virginia, Connecticut, Maryland, a7 e o For ' I < o Vi e automotive and con- | wisconsin, New York, Oregon and Illi- | property that is needed for acquiring, en for Inspection Tt ] struction industries has been sustained | pofs. = b fand ividening fot thonlvarde. L= = m pOSlng A &, 4 4 Come Out Today ' Robert W. Savage 717 Union Trust Bldg. Main 6799 streets and alleys, municipalities shall not be limited to the acquisition of the land to be covered by the proposed im- provement, but may take such other land and property adjacent to the proposed improvement as may be ap- propriate to secure the greatest degree of public advantage from such improve- ment. After so much of the land and and is particularly noteworthy. Auto- mobile production has been at a higher | level in recent months than at any earlier period, and contracts for future | construction have been substantially greater than in the corresponding period a year ago. Production of many related products, such as iron and steel, cement, gasoline and rubber tires has been stimulated as a result of these de- velopments. The textile and coal in- dtuxfm“' however, still lag behind the others. Excess condemnation rights, prop- erly used, are an effective method of relief from a portion of the heavy burden of special assessments for public improvement, but they form a powerful instrument which must be judiciously used, according to Henry G. Zander, Chicago, president of the National As- sociation of Real Estate Boards. “By excess condemnation the front- ing land together with land needed for ;he at;eet hm;lf is lc;m:;mned. and the o ronting land resold, thus paying for mrF&?lgnmfi;egta:ueoafl;c&%m&rfi the cost of improvement. The method tories is steadily expanding. During the = 3 past year there has been an exception- COLORED ally large growth of our exports of fin- ished manufactures—especially automo- Why Be a Renter When Small bflas. machinery and petroleum prod- ucts. “In general it may be stated that both industry and trade are exception- Cash Payment And $50.00 per month will buy a beautiful 6-room and bath brick home ° Stone Residence 5406 Colorado Ave. N.W. Consists of wide center hall, large living room, library, dining room, kitchen, 4 bedrooms, 2 baths and spacious attic. Gas heater, laundry, 2 servants’ rooms in basement. 2-car garage; large lot. ROBERT E. HEATER, Realtor Exclusive Agent Main 4820 PRACTICALLY NEW BRICK HOME 4 Bedrooms $11,750 RACTICALLY new and with all the most modern equipment, this fine 8room (4 bed- room) home must ap- Colorado Bldg. 3031 RODMAN Street NW. ally active as we enter the new year.” A number of hunting camps ‘Williamsport, Pa., have entered into a “gentlemen’s agreement” limiting the kill of does to three per camp. near Located at peal to the family which T S —- For Col ed 1550 3 d Sd N W Only Osne-Half appreciates aristocratic Overlooking Rock Creek Park or T t. IN.W. Square West of surroundings, convenient THOROUGHLY fascinating home, worthy 1629 Between Georgia Ave. and Price Coubaciious Ao, and accessible location _of its charming rustic setting. Unique in Reservoir g and transportation facili- design and interior arrangement, constructed Van Buren $ 00 in ties and yet which is not of stone reinforced by hollow tile to give its 6,750 ’ beauty an enduring charm. Planned to please St. NW. Near Howard University 611 Harvard St. N.W. prepared to own an ex- S neeldwelling: the most_critical and providing the environ- ment and facilities for the proper entertuin- Owner will con- This residence will be open sider trading for CLEVELAND Open Until 9 P.M. for your inspection Saturday SPECIAL FEATURES e B i e e L el Dol : Attractive six Toom, m-nd1 b:rtx)c‘ and Sunday —TFront porch, open fire- i':ldividu:lity. s A "y ;;';mesmu" ouse; garage; paved alley; elec ; s ; 5 lights: gas fange; hot-air heat. Representative pARK place, ey <t Defon Open Today and Sunday has connecting tile lava- tory, screens, hot-water heat, hardwood floors. BRICK GARAGE on Premises J. Dallas Grady 904 14th St. N\W, Main 6181 Low Price—Easy Terms ROBERT E. KLINE, JR. 718 Union Trust Blds. or Any Broker Drive out Sixteenth Street to Van Bu- ren and go one-half block west to home. J. €. Douglass Co. Exclusive Agents OPEN SUNDAY FOR INSPECTION ISHANNON-&LUCHS] 1485 K Street 1621 K St. NW. Metropolitan 5678 Exclusive Agents Main 3348 “Jameson-Built Modeomes" Six and Seven Rooms—Enclosed Porches Railroad Equipment ~—representatives to select an office in the Invest- ment Building, which will increase your sales this year, due to the fact that the Investment Building is opposite the new Southern Railway Office Build- ing, now nearing completion. “An office may be leased as low as $45 per month or a sunite to meet your requirements. See Manager in Rental Office Investment Building Main 2388 WARDMAN MANAGEMENT Now Ready for Inspection 1524 D St. N.E. 919 Quincy St. N.W. 510 Central Ave. N.E. 255 11th St. S.E. 1814 D St. S.E. 2620 6th St. N.E. 412 Douglas St. N.E. s N unsurpassed residen- tial environment for the purchaser of mod- erate circumstances . . . Thirty homes sold since June 1st in this beautiful, restricted community of individual type homes include many sold from plans . . . We are selling homes here practi cally upon completion—as rap- idly as they are built!—at prices that can not be equaled. > fie’tached Brick Homes $13,750 up—Unusual Terms Exhibit home, 4607 Hunt Ave. Drive out Wisconsin Ave. opposite The architecture of d these fine homes has been carefully designed and se- lected by our experts of su- f perior home designs. The material also has been care- fully selected. All labor furnished by skilled me- chanics of the best grade. Unquestionably the outstanding new home buy in North Cleveland Park Nowhere will you find bet- ter values than are offered in these finely appointed, new, gll-brick homes. Exception- ally wide and roomy — six rooms, two complete tile baths, big breakfast and Chevy Chase, Md. No. 4 East Woodbine St. 4100 38th St. Corner Upton St. These .homes have been q personally supervised by the owner, and money can 28 be saved by buying direct from us. We are offering this attractive new brick Colonial home, just off Connecticut Avenue near the Columbia Country Club, at a price which cannot fail to interest any one in the market for home value. OPEN : ALL DAY sleeping porches—lots 33 ft. :‘;““F homes contain six Chevy Chase Country Club THE OWNER HAS LEFT WASHINGTON SUNDAY wide, with beantiful plant- R e e e ot trounds. See our signs at unt ve. an AND MUST DISPOSE OF THIS PROPERTY shower, garage, one-piece sink in kitchen, extra large @ - 2 porches front and rear. Oak floors, latest fixtures, floor plugs in each room and built-in ice box. It will pay you to inspect these homes. Built, Owned and for Sale by Thos. A. Jameson Co. 906 New York Ave. N.W. Main 5526 : “Ask the Man Who Owns One” ! ing—brick garages and other features seldom found in new homes priced as low as— , $13.500 Hences & MipDLETON, INC. Franklin 9503 Langdrum Lane Reached via. Wis. Ave. to Van Ness or Upton Sts., then ea:t one square to 38th St. It will be open for inspection all day Sunday. EDW. H. JONES & CO., Inc. @hirvy Chase Properties 5520 Connecticut Ave. Cleveland 2300 ¢ L, Sansbury OMPANY ING - N 1418 Eye St. N.W. Netional 5904 1412 Eye St. N.W.