Evening Star Newspaper, January 11, 1930, Page 19

REAL BULDIE NDUSTRY SHELD STRONGER Young & Becker Co. Cites 1929 Slowing Up as Beneficial Factor. ‘The building industry of the country faces the new year in a shronxer posi- tion because the slowing up in oper- ations during 1929 had a beneficial ef- fect in preventing an oversupply of housing and commercial space, it Is stated by Young & Becker Co., Chicago, on the basis of a compilation of build- ing and finance statistics. ‘The stock market “boom” and high money rates, the concern found, acutely affected the industry in the past year, the volume of real estate financing in 1929 falling to the lowest level in five years. Some easing in money conditions may be expected during the next few months, but it is doubtful if any large volume of funds will be available for residen- tial and office building construction be- cause of the supply of this type of space now on hand generally throughout the Nation, the company predicts. Pirst mortgage real estate bond and stock offerings during the year, it was stated, aggregated but $521,136,000, a decline of approximately 43 per cent from the 1928 total of $921,777,000. “This drastic decrease was due to a loss of more than $400,000,000 in the volume of realty bond issues. A notable increase in the volume of real estate stock issues offset to some extent the decline in mortgage bond offerings. This comparatively new class of securi- ties, which totaled but $10,928,000 in 1924, gained momentum during the stock market “boom” and increased more than 930 per cent to the figure of $112,923,000 in 1929. ESTATE." THE EVENING STAR, WASHINGTON, D. C., SATURDAY. volume of $835,048,000. This tremen- dous decline ‘was brought about largely by high interest rates and tight money condition due to the diverting of in- vestors’ funds to the stock market. “Refinancing of completed and ‘going’ building projects,” sald Robert G. Becker, “undoubtedly will constitute a large share of the 1930 real estate financ- ing. Builders of residences and apart- ment houses may find it difficult to compete for available construction funds with these completed structures which offer most attractive opportuni- tles for investment, because of their al. ready established record of earnings. “Some easing up in money conditions may be expected during the next few months, but is is doubtful if any large volume of funds will be made available for residential and office building con- struction because the Nation seems ing at the present time, except in a few localities. I am of the opinion, how- ever, that there will be large volume of public building, highway construction, municipal, railroad and public utility undertakings which have been helped by President Hoover’s conference and also by the lower interest rates now prevailing. Therefore, the aggregate of | construction work in 1930 will probably equal if not exceed that of 1929.” iving room, bedroom, kitchen, dining alcove, foyer, Frigidaire Reasonable Cash Payment $32.50 Monthly Pays EVERYTHING Much Cheaper Than Rent OPEN FOR INSPECTION ALL DAY Apt. 102 3018 Porter St. be well supplied with this class of build- | Chicago. CONFERENCE TO PLAN STABILIZATION WORK 37 Local Association Heads of Building Owners and Managers to Meet in Chicago. Ways and means of co-operating with President Hoover's program for stabili- zation and advance of business will be considered by the presidents of 37 local | associations federated with the National Association of Building Owners and Managers, at their annual conference next Thursday, Friday snd Saturday at Plans will be presented for the estab- lishment of local inspection committees, formed for the purpose of advising building owners and managers of work that may be done in modernizing buildings, not only with a view to pro- viding ~employment, but likewise to make present buildings more attractive to tenants. A report on the skyscraper men's part in the business stabilization plan will be submitted by Paul Robertson, president of the National Association of Building Owners and Managers, who attended the Washington . conferences. and who is a member of the permanent organization committee which was formed as a result of the conference. HAYES GIVEN VACANCY. Saunders' Company Salesman Ap- pointed to Sales Managership. Louis E. Hayes has been appointed sales manager of the firm of Willlam H. Saunders Co, Inc, to fill the vacancy recently created by the resig- nation of Medford P. Canby, who has taken a_similar post with Shannon & Luchs, Inc. & Mr. Hayes has been associated with Saunders Co. for four years as & salesman and formerly for about 25 years was employed by the Southern Railway, serving in the latter part of his work there as private secretary to Louis E. Jeffries, vice president and general counsel. Mr. Hayes is a mem- ber of the Washington Real Estate Board and has been a resident of ‘Washington for 30 year: We Guarantee —The qual ity of DUPONT TON- TINE — without hesitancy we say “WASH IT ONCE OR English Type House Bought. Mr. and Mrs. David B. Sober, jr., have purchased the dwelling at 1329 Jonquil street, it is announced by Henry J. Connor, who handled negu- tiations. The house is of English type, has eight rooms, two baths and a two- car garage. A feature is a second-floor den over rge rear porch. o Chevy Chase Home Sold. william C. and Bess H. Alden have purchased the detached frame house at 5313 Broad Branch road, Chevy Chase, it is reported by the J. E. Douglass Co. IN SAUL’S sold. JANUARY 11, AN EIGHT-ROOM DETACHED HOME 1207 Hamilton St. Following our well established policy of disposing of all the property which it becomes necessary for us to take over in default of trust, we have put the above price on this property with the assurance that it will be quickly 511, 1930. which handled the transaction. The property was acgwired from George T. Gilleland, builder. 2 Women Buy Residence. Misses Emma and_ Susie Koch have purchased the detached English brick dwelling at 5312 Nevada avenue, it is reported by Boss & Phelps. The prop- erty was acquired from George I. Wil- .. The house contains six rooms and plg population has in. any’s R ,000,000 in the last creased by nearly yea ADDITION 950 CONTAINING REAL EST Two Vice Presidents Chosen. Horace G. Smithy, vice president of N. L. Sansbury Co., Inc., and Arthur Carr, real estate appraiser, have been elected vice presidents of the Real (Northwest Corner of R 3307 R ST. N.W. 12 large, bright rooms, 3 tiled baths, lavatory on 1st B—3 Estate Mortgage & Guaranty Corpora- tion, it was announced this week by L. E. Breuninger, president. Both Mr. Smithy and Mr. Carr are prominent members of the Washington Real Es- tate Board. ATE." St. and Wise Ave) " A HUNDRED TIMES” itwill not lose itsbeauty. or desirability. Fac- tory prices save you money. A Shade Eight large rooms and bath, hot-water heating plant, open fireplace, attractive kitchen with new “Quality” all-porcelain range, new linoleum on kitchen floor, and very large pantry. Entire house redecorated throughout. Full attic, garage, lot 170 feet deep. 1 Open and Lighted Daily, 2-8 P.M. floor, servant's room and bath in basement, hot-water heat with oil burner, 10 open fireplaces, large attic, double garage. Over 15,000 square feet of ground, 131 feet fronting on R St. and 150 feet fronting on Wisconsin Ave. Properly Zoned—Ist Commereial For Further Information Inspection See O. B. ZANTZINGER CO. Main 5371 “Bond and note offerings secured by first mortgages on rellhe!ta!e .ndtnlfls oo construction during the year totale $407,338,000—less than half of the 1928 \ M' & R' B' WARREN —_— e - i Tel.—Cleve. 2924-2453 D FOR RENT APARTMENT 7 Large Rooms 2 Baths Unfurnished Three Exposures, Overlooking Beautiful Gardens Sedgwick St. Building h TILDEN GARDENS Apply to Manager Club Building Conn. Ave. at Tilden St. Phone Cleveland 5334 See us about other properties we have acquired and now offer for sale at exceptional prices. National Mortg. & Inv. Corp. 1004 Vt. Ave. Nat. 5833 830 13th St. N.W. 3324-3325 'W. STOKES SAMMONS, Proprietor Jameson-Built Model Homes 6, 7 and 8 Large Rooms Now Ready for Inspection 415 to 445 Jefferson St. N.W. 914 Quincy St. N.W. 1337 Taylor St. N.W. 1521 to 1527 Isherwood St. N.E. Isherwood St., One Square North of 15th and D Sts. N.E. 1601 to 1619 D St. N.E. Inspect at Once The architecture of these fine homes has been carefully designed and se- lected by our experts of superior home designs. The material also has been carefully selected. All labor furnished by skilled mechanics of the best grade. These home s contain six, seven and eight large rooms, tile bath and built- in tub and shower, one- piece sink in kitchen, extra large porches front and rear. Oak floors, latest fixtures; floor plugs in each room and lots of extras. Frigidaire and Garage With Each House FOR SALE BY THOS. A. JAMESON CO. 906 New York Ave. National 5526 “Ask the Man Who Owns One” Special Home Offerings For Shrewd Buyers Near 13th & Ingraham Only $9,450 Terms Beautiful six-room Colonial brick house, with large glass-inclosed porches on first and second floors, making two additional rooms. Hot-water heat, electricity, etc. Repainted and redecorated throughout. Deep lot to wide alley. Terms to suit the purchaser. Rock Creek Church Road Near Ga. Ave. Here is a wonderful Kennedy-built home of eight very large rooms and two_splendid tile baths. Hot-water heat, electricity, porches, and the entire property is in new- house condition; 2-car stucco garage. The price is only $10,500. See it at once. Ho;ne of Homes 203 OXFORD ST. Chevy Chase, Md. New Stone Residence This English Cottage type home, amid a grove of giant trees, consists of 6 sizable rooms, 2 baths, entrance hall, coat closet, large concrete porch. Featuring paneled walls in old ivory, stone fireplace, special cabinet in modernly equipped kitchen, 3 lovely bed rooms and 2 tiled baths in the latest styles, also 6 large closets, 70 ft. lot, garage. Chevy C"hase, D. C. Only $12,750 One of the coziest and most complete homes we ever have seen. Six delightful rooms, two fine tile baths; floored attic; wonderful kitchen, with electric dishwasher, Prigidaire, b ast room and very unusual equipment. ‘The electrical layout in this house is unex- celled in any $25,000 house. Cozy den, with open fireplace in basement. 2-car garage. Also mammoth oak trees on property. Close to Lincoln Park $7,250 Only $250 Cash Beautiful, Colonial brick, with front and rear porches. Oak floors and trim; tile bath. d floor equipped for use as an spart- Secons ment if desired. Nothing like it in that section. 411 Emerson St. N.W. 6 ROOMS—3 PORCHES FRIGIDAIRE—GARAGE A beautiful tapestry brick heme with covered concrete front porch and 2 covered d screened rear porch In a 9 did community, e ent to schools, es, churches, bus and ear lines. Reception hall with coat closet and mi; door. 6 large rooms, tile bath, b tub an shower, bright kitchen, Frigidaire, concrete cellar with laundry trays and toilet; paved street and alley. In excellent condi- tion, just papered and ted, hardwood floors, matic hot-water heater, sereens throughout. Terms arranged to suit. New, Detached, Brick House Chevy Chase, D. C. Only $17,500 Within one block and west of Conn. Avenue this center hall brick house is one of the biggest values in Chevy Chase. It has three large bedrooms, two complete baths, full floored attic, and is beautifully finished and equipped throughout. 2-car garage. Large trees on property. Very Unusual New Center Hall Brick—Chevy Chase Splendid location near Chevy Chase Circle. Ideal Colonial type center hall, detached brick, with first-floor lavatory. Four fine bedrooms and two complete baths (one with additional shower); 2 fine rooms and bath on third floor. 2-car detached brick garage on lot 60x125 ft. Priced at only $22,500. i MKEEVER =GOS G i ROBT. L. McKEEVER, Pres. EARL E. GOSS, Vice Pres. or Drive out Conn. just morth the circle. 2 blocks to the right or o Shone for closed car o inspect Home. Heath Berry Ave., Open Daily Phone Col. 8582 BUY FOR THE FUTURE ...AS WELL AS TODAY S. E. GODDEN, Sales Manager IEHPfilty fpinhts “THE GARDEN SPOT OF WASHINGTON” 15 AdoQvad Y duas s o v Junior ScrooL . o g VLLaavW e G WS W ¥ - 1S NOSIavYW |’T| FORT Stocum DrRyve 175 ¢1 wioe e HISkbeautiful detached Yo feoncute brick residence was built for the owner and incorpo- VARNUM rates a number of interesting ST features that distinguish it . from the average syeculative[y built home.. .. The owner, now desiring a smaller house, offers one of the most desirable homes in the upper 16th St. section at an unusually attractive figure. The fine condition and beautiful decorative treatment of the house give a most pleasing first EREI 3duoNL 1190 NOS T g NaENO Y I B Exhibit Home 828 Concord Avenue List your properties with us and we will care for all details of manage- ment— And render promptly full monthly statements. Property handled in any section of the city. Estab- lished fifteen years. You are cordially in- vited to inspect our hand- some new office building and interesting window display. HUBERT NEWSOM Rents—Sales—Insurance Line, 2071 1110 H St. N.E. 4:3:3:9 Open Sunday From 10 Until 9 P. M. o3 %) Attractively Priced 1119 17th STREET G ARFIELD A Beautiful French Norman Home Containing 8 S Rooms and 3 Baths, Situated on an Unusually Large Lot That Has a Magnificent Elevation and Only & Half Block From the W. C. & A. N. MILLER REALTORS THRVE-E-T Park. DECATUR 0610 impression of a home that is thoroughly livable and perfect in its appointments. There are eight spacioua rooms, two baths, first floor lavatory, another in basement, panelled walls, Frigidaire, attic over entire house, slate roof, 2-car brick garage, deep lot with several large trees. Paved street and alley. OPEN SUNDAY UNTIL 6 P.M. Drive out 16th St. to Varnum, turn left one and one half squares to house. NON 1435 K Street N.W. Nat'l 2345 Every home owner knows the value of his property is goyerned largely by its surroundings .. . s, the future is of essential importance. The above chat location of a new group of Cool section. Front . a glanc} Into - . dllhevn the rof omes pidly-gr§wing pon a 120-Fft. llr-ll——hom:’ face o before buying s . magnificent boul Park with Fort Slocum Park. Post o%ce, bank, churches, at hand. Wh h 6 riegated. tiled other modern feature y Sunday. Price Only Tower Bldg. "BUILDERS OF stores and car and bus transport rance of future value ou can imagi Turn left on 8th St. at Longfellow. $9,150 ooley oht d? big rooms, 3 porches, ga © lined closets and every Arrange an inspection Easy Terms Bro& Nat'l BETTER HOMES™ 9240