Evening Star Newspaper, July 27, 1929, Page 17

REAL ESTATE. APARTMENT HOUSES INVOLVED IN BIG TRANSACTION MARKETING HELD FAGTORY PROBLE Cities Given Advice on Asking Manufacturers to Select Locations. The city which hopes to renew or create vitality through courting indus- trialists with a view to winning busy for the commodity manufactured by sure that it has solved, or can solve, the problem of distribution and marketing for the community manufactured by the plant. Otherwise the factory is doomed to failure, and the city is cor- respondingly lowered in its prestige, for, with cities, it isn’t better “to have loved and lost.” On the contrary, it's better not to have attracted a factory at all than to have one which fails for any reason. So industrial property specialists were told by Dr. Frank M. Surface, of the Bureau of Foreign and Domestic Com- merce, United States Department of Commerce, when he spoke before the Nation's realtors at the Boston conven- tion of the National Association of Real Estate Boards. . “The domestic commerce division of our bureau is devoting most of its en- ergy to the study of problems of distri- bution and marketing because we be- lieve that those are the most important problems facing American business to- day,” Dr. Surface continued. “It has frequently been estimated that from eight to ten billions of dollars are lost | every year through avoidable wastes in | marketing. Among these wastes is the attempt of many manufacturers to dis- tribute their products in uneconomic territories. Too often it is assumed that a supply of raw material or ade- quate labor or power is all that is mneeded to make a factory successful. Of far greater importance is the ability of the factory to sell its product in competition with other producers.” In discussing the services of the De- partment of Commerce for the indus- trial realtor, Dr. Surface reminded his audience of the Government's study of the census of manufacturers, the com- pilation of monthly business statistics and the forthcoming census of distri- bution. A knowledge of this material, he declared, will pay the industrial realtor good dividends. He also empha- sized the work of the Bureau of Stand- ards in standardizing building materials and the work of the building and hous- ing division in its aid to city planning ‘and zoning projects as governmental sistance to the best practice of real tate. PROMOTES WOODCRAFT. Department of Commerce Advises Clubs Among Boys and Girls. Unlimited possibilities for developing | and promoting woodcraft contests are | offered those terested in boys’ and girls’ activities in the wooden box utili- zation plan of the national committee on wood utilization of the Department of Commerce. This plan calls for the creating of Nation-wide interest in the | utilization of second-hand wooden boxes, | crates, and odd pieces of lumber. For this purpose the committee has | ‘worked out 1,200 ideas for making use- ful and interesting articles from ma- | terial frequently consigned to the fur- nace for want of a better use. These ideas will be published in a series of pamphlets under the title, “You Can Make It” the first of which contains | directions for making target boxes, work benches, scooters, submarines, game tables, and many other similar articles of interest, any of which lend them- selves readily to use in the promotion of wood-handicraft contests. Less Than Half Own Homes. Upper: Apartment house at 3901 Connecticut avenue, reported purchased by Gustave W. Forsberg of this city from Perley R. Eaton through the offices of H. Grady Gore and Thomas P. Brown. Lower: The Cedric, Fourteenth and Upshur streets, taken by Mr. Eaton as part payment. . BANKERS FIGURE OUT PROFIT FOR SELVES Mortgage Men Work on Uniform Cost Analysis for Loan Business. Special Dispatch to The Star. CHICAGO, Ill, July 27.—Bankers who deal in figures for other folks are now taking time to do some computing on their own account that may revo- lutionize the mortgage loan business, according to E. E. Murrey, president of the Mortgage Bankers' Association of America. For men who can split pennies in making accurate appraisals of proper- ties up for loan often cheat themselves in the way they figure their profits, says Mr. Murrey. ‘Thus 500 members of the bankers’ association, located in all parts of the country, have set to work making elab- orate survevs of what it costs to handle all types of loans, and the results of this survey will be made public as a| feature of the coming convention of| the assoclation, to be held in New| Orleans October 29 to 31. | A uniform method of cost analysis, | drawn up by A. A. Zinn of Kansas City, Mo., chairman of the association cost accounting committee, makes the income tax blanks look like child's play. Nearing Completion 7 NEW HOMES On Beautiful 13th St. N.W. Between Madison and Colorado Ave. 8 rooms, bath, porches, nice lawns. Mantels with Radiant heaters. Frigid- aire. Priced Low at .. v $10,250 Now Is the time to make your selection Beleet your own decorations Open Every Day Until Dark New English Residence CHEVY CHASE, MD. 200 Shepherd St. 2 Squares East of Conn. Ave. This attractive detached brick home. of English architecture, has just been D. C, SATURDAY, JULY FORSBERGBUYS |.r e e NEW APARTMENT ing Materials Checked in June. Banker and Merchant Pur- A slight reaction from the recent downward trend of wholesale prices is chases Building on Con- necticut Avenue. shown by information for June collect- ed in representative markets by the Bureau of Labor Statistics, Department of Labor. The bureau’s weighted index number stands at 96.4 for June, com- pared with 95.8 for May, an increase of more than one-half of 1 per cent. Com- pared with June, 1928, with an index i number of 97.6, a decrease of 13 per cent is shown. —_— olc:?ep:tnn: prices in .vm;ebwm;‘:hw 0, 85 measure changes Purchase of the large new apart- |in %ie index numbers, it is seon that ment house at 3901 Connecticut avenue | metals and metal products were con- by Gustave W. Forsberg, local bank #nbly ‘higher, w] building mate- ls and fuel and lighting materials director and merchant, was announced | yere somewhat highs e ) er. Prices of lum- this week by the offices of H. Grady | ber and brick uve:-{ged somewhat lower Gore and Thomas P. Brown, who |than in May, tl;l;odt:m[ true also of handled the transaction. housefurnishing REAL ESTATE. LABOR STRIFE LESSENS. Industrial Disputes Decline in 1916-1828 Period. Data regarding industrial disputes in the United States gathered by the Bureau of Labor Statistics show, for the years 1916 to 1928, a fairly steady decrease in number of strikes and lockouts. In 1916 there was a total of 3,789 disputes re) d and in 1928 the number reported—629—was the lowest recorded in any year since the beginning of the bureau's compilations. ‘The number of employes concerned in the disputes was only 357,145. The method of settling disputes by arbitra- tion has grown in favor during the past few yesrs. Of a total of 656 disputes which were ended in 1928, 130, or 20 per cent, were settled by this method. | Floor Plugs Come Up. t ‘Thousands of homes have been built | with kitchen convenience outlets placed down to a most inconvenient spot to make the connection. Now these outlets are placed four feet from the floor, where the connection is most readily made. Colonial Brick Home - JEE'I', COMPLETED uat n choicest ~section of Chevy Chase on lot cont Sa_fL, with latse oak treer. "8 9000 Center plan. Living ith bay nd open nreplace, sun parlor or breakfast room, dining ‘ylichen and pantey. ter rooms, with 2 tiled baths. "Maid's Toom with oy plete bath. Kitchen an covered. ' Copper floored attic. Two-car brick Remarkable Buy at $19, 3914 Livingston St. N.W. (West of Conn. Ave. & South of Circle) Builder-Owner Clev. 0293-J Open Daily and Evenings The property was acquired from Perley R. Eaton of Rutland, Vt., who has been dealing extensively in local real estate recently. Mr. Eaton took in part payment the Cedric Apart- ments, on the southwest corner of Fourteenth and Upshur streets. ‘The Connecticut avenue building is of five stories, of brick construction with limestone ornamentation and has a frontage of 210 feet on Connecticut avenue. It contains 58 apartment units ranging from one room, dressing room and bath to six rooms and two baths. The Cedric is a four-story building containing 40 apartment units, || A valuation of approximately $850,- || 000 was placed on the properties in the || transaction, it is reported. 2 i REALTY APPLICANTS MAY ALL BE TESTED The present tendency in real estate license law legislation is toward re- quiring some kind of examination to prove the competency of the applicant to hold the license to act as real estate broker or salesman, according to Gen. Nathan William MacChesney of Chi- ciate what a bargain it really is. National Press Bldg. Woodridge | D. C. 7,950 Small Down Payment and $60 Monthly Thoroughly Modern > Realtors High Elevation 3009 Otis Street Northeast It is seldom you have an opportunity to buy a modern detached home with a large lot and located in a fine community for a price so reasonable. This home contains six bright and sunny rooms. hardwood floors throughout, hot-water heat, tile bath, built-in tub, thrse porches and. in fact, every modern appointment nec- essary to make a home comfortable. 1t is near stores and transportation and should be seen to fully appre- Open Sunday from 10 AM. to 9 P.M., and Every Day from 5 P.M. until 8:30 0'Clock To reach—Drive out Rhode Island Avenue and turn left one-half square inside the District Line, or take car going out Rhode gfsland Avenue to District Line and walk half a block to your left and see our open sign. HOOKER & JACOB Phone Metropolitan 2663 . especially completed and is considered an attractive home. Covered concrete front porch enters into spacious reception hall, large living room with inviting open fireplace, well proportioned dining room and fully equipped kitchen. Four large bedrooms and two full tile baths on the second floor; all modern home appliances; fully screened. Garage. The location is most desirable and convenient. Very high-class neighbor- hood, close to schools, transportation, stores and other conveniences. PRICED TO SELL OPEN ALL DAY -SUNDAY [SHANNON: & LUCHS] ONLY the worthy—the best—endure, gri hand perfection in suburban homes and home Chevy Chase THE PROVEN IDEAL SUBURB through such a span of time as Chevy Chase has done. As you go about through the old and beautiful streets you see on every will some day have spread over a much wider area— THE new territory which we are opening in the vicinity of Dav- ow and improve e environment that Exclusive Agent enport Street is bound up with the development of Chevy Chase, and will be like it—complete with fine homes, yards, trees and gar- dens. To your friends you may now unqualifiedly recommend home building there, confident of a splendid future which is vis- ualized in the completed parts of this ideal suburh. There are many reasons why you should buy or recommend this neighbor subdivision. Only 11,000,000 of the total 24,000,000 houses in'the country are occupied by | thelr owners, according to an estimate | of Charles H. Tucker, president, Build- | ing-Loan Federation of California. A | remainder of 13,000,000 families living | in rented quarters shows that the home | ownership ideal is yet to be realized in | a large way. WAPLE & JAMES, INC. National 2345 1226 14th St. N.W. North 0962 Fat 7 l eproduction Old World Architecture Overlooking the Chevy Chase Club Golf C o urse Grounds Charmingly situated among fine exclusive resi- dences is found this unique home, which is distinctive in every detail, with its spiral columns supporting numer- ous archways, flagstone walks, arched windows, many truly old period features, all harmoniously blended with all latest facilities and conveniences. Ideal for the aver- age size family and priced surprisingly low. ‘ Open All Day Sunday 131 HESKETH STREET To reach—drive west from Chevy Chase Circle on Magnolia Parkway about 100 feet, then bear left on Hesketh St. two blocks to home and our sign. 96 Douglass Co. 1621 K St. N.W. THOMAS J. FISHER & CO. Exclusive Agents. THE CHEVY CHASE LA} 735 Fifteenth St. N.W. D COMPANY FFEEE Before =r ™ deciding g see the NEW SERVEL if .;...g;".n.;s!..»r.‘_. Simple, quiet in operation, fully automatic and surprisingly easy to own JAMESON-BUILT NEW HOMES Ready to Move in—86, 7 and 8 Large Rooms ON EASY TERMS 6 C_HOICE LOCATIONS A Home of Exceptional Value 6607 Sixteenth Street Of most distinctive design—combining not only effectiveness with exceptional construction—but with plan, arrangement and equipment that make it an unusual home. HERE is the refrigerator you must see. You owe it to yourself before deciding. Then you'll know why we chose the New Servel as the refrigerator we’d be most proud to offer you. The New Servel is fully automatic. It is and re- mains unbelievably quiet. It freezes more than the usual number of ice cubes. There are many re- finements of design for better housekeeping. Con- venient shelves that do away with stooping and dish tipping. There’s a special cold place for bottles. Chromium-plated hardware. Everything the finest. Stop by our showrooms today. We'll be glad to answer any questions without any obli- gation at all. Or, if this is not S g SERVEL convenient, telephone for full Electric Refrigeration A1l houses have h.w.h, electric lights, tile bath, buil in tub, serv- ant’s 1oilet, wide rear and front porches. Second floors have extra_gas and plumbing ' outlets, and can be easily converted in- to twofamily houses. 925 Quincy St. N.W. 1501 D St. N.E. 1535 Isher- wood St. N.E. 1 Square North of 15th & D Sts. N.E. 655 Girard St. N.E. 255 11th St. S.E. 415 to 445 Jefferson The location is exclusive—free from danger of undesir- able encroachment—and opposite entrance to Rock Creek Park Golf Course. There are 10 rooms, three baths, effective open fireplaces, artistic wall treatment, wrought-iron railings, casement win- dows, beautiful floors and woodwork, electric refrigerator -—and with handsome lawns surrounding; two-car garage. These houses are lc on viniemly locate: Circumstances make the price remarkably attractive, and Garage with we can arrange most any reasonable terms. each house. FRIGIDAIRE WITH EACH HOUSE information. Easy payments of course. Servel Model K-7with seven cubic Jfeet of food storage capacity, Freezes 120 large ice cubes. Colonial Wholesalers, Inc. 806 12th Street : Metropolitan 2150 Commercial & Domegic—Salea & Service Open for inspection all day and evening Sunday, or from 2 to 9 p.m. week days 1415 ..,,_M*?KEMR«&GOS rvice Naticnal K Street 4750 Robert L. McKeever, Pres. Earl A. Goss, Vice-Pres, = 8. E. Godden, Sales-Manager . FOR SALE BY "THOS. A. JAMESON CO. _ 906 New York Ave. National 5526 “Ask the Man Who Owns Qne”