Evening Star Newspaper, December 13, 1930, Page 17

WASHINGTON, i). o.>,v i hB zp_mlmg %taf. ATURDAY, DEC].EMBER 13, 1930. OWNERS OF REALTY BONDS WEEK’S PRIVATE BUILDING .+ ARE TOLD TO SIT TIGHT| """ = At PERMITS TOTAL $414,000 National Association Head Warns Investers Against! veyed by Zoning : 3 R4 Perels e e New Home of Metropolitan Memorial Methodist " Sale to Exploiters at Low Rate as Result Engineer. . — W NEOBRASE: Sak e Church, to Be Erected at Cost of Approxi- % o % X of Adverse Rumors. WS ONITS BXCHED il POR 1930 - 32.399 mately $270,000, Leads List. OLDERS of real estate bonds should be warned “not to allow; GROWTH IN DECADE, 3 \ RIVATE bullding operations having a total estimated construc- - hysteria over the present business situation” to lead them to T tlon cost of $414,000 were approved during the past week by part with their bonds at an “unjustifiably low rate,” Leonard Degided 'Reduis s Vol the District building inspector, Col. John W. Oehmann. P. Reaume, president of the National Association of Real uction: 1 The largest item in the new list of work was the permit for Estate Boards, states in a letter sent out today to the presidents of | yme During Last 2 Years the construction of the new home of the Metropolitan Memorial the association’s member boards in 25 larger cities. X INCR INPSR. 19,646 Methodist Episcopal Church to be erected at Nebraska and New The letter calls on real estate boards over the country to advise Is Encdungmg. NEW DWELL, 3345 Mexico avenues and Newark streets at a cost of approximately the holders of real estate bonds against acting upon mere rumor or n APTS 3.028 ,000. ‘ . The old church edifice of this congregation is located on John upon misconception in relation to their bonds. It asks every member . board of the association in cities where real estate bonds as a| The decline in private building opera- PO 1930-29369 Marshall place in the site of the new Munlc&pu Center, where a group of magnificent new city government buldings is to be erected Y/ valuable modern instrument of finance have come into general use | tions in the residential field in Wash- / DECREASE IN pop 30721 to set up a special committee or other machinery to give the public, | ington, brought about to some extent Cras NEW DWELLINGS 243 owmers of bonds and owners of equities alike unbiased and informed | voluntarily during the past two years by B T, w APTS 7202 advice. builders, financiers and property owners % POR 1930 149.414 . Such machinery would act against forces reported to be at work | to allow demand to catch up with sup- MASS: - AVE -+ PP S NP G e to discourage real estate bond holders, buy up sound issues at ab- | Ply, has been a wise thing and bene- by p&’ -y om an jects. week also for col ficial to the city in preventing a de- INCR.IN POR 5. 745 normally low rates, induce foreclosures and profit selfishly by the - private dwellings and other ¥ consequent loss to the original investors. FE pmiit owiaipply of Solising, 1486 Permits issued included the following: ~T———— | survey of the housing situation in o New. Church Is Planned. Takes Note of Rumors. Washingion Qucing’ the: pest Gecade < ‘ The securities division of the State made by S. G. Lindholm, engineer of A e Metropolitan Memorial M. E. Shurch, of Illinois already has taken cognizance the Zoning Commission, in the light of : < owners and designers; Stoffiet & Tillot- of the fact that certain persons in the census figures for 1920 and 1930. D 4 ;on, builders; to erect an‘ 1-story steel, State are finding it profitable to circu- There has been an oversupply of new =S rame, stone and brick church building, late adverse rumors as to the stability housing units constructed during the Nebraska and New Mexico avenues and of real estate mortgage bonds, and lN ]2 U S BI'"ES last 10 years, in comparison with the Newark street (parcel 21/8, square 1602); s U S1dv SONITTaIMa maN og6| 30d 9IEZ ¥od NI ISVIWM bovET to house the District agencies when the Federal Government takes ovexi the District Building in the Federal triangle south of Pennsyl- vania avenue. ¥6 009°Z ereafter to pick up valuable bonds increase of the population of the Dis- to_cost $270,000. g':m umn!orm%lnve‘;um in exchange trict, Mr. Lindhois finds, Tolman Plans to Er ect Mod- |~ rFrank p. Phillips, owner, designer and for worthless securities or for entirely The encouraging thing about the cur- | Map prepared by S. G. Lindholm, showing the relation of new housing units constructed in jous sections of the builder; to erect two 2-story brick and te cash payment, and says: rent situation, however, as revealed by | District during the past 10 years, as compared with the increase in population as shown by census figures of 1920 ern F'rreproof Building of |{rame dwellings, 5331 Nevada and 5318 “Land has always been the basis on murvess bYuRufgu .fii Lusk, secretary \;‘f‘ and 1930. :’é‘:’:‘i"é‘ % avenue (lot 1, square 1991); to hich the wealth and prosperity of our | CJj i perative Builders' Association. is | 1000, w he wealth and prosperity of our | Climb to Modest Heights Is i R One Story. Stockwood Investment Co., Ine., own- Efads ot wealtn cangs constantly. ana Reported, While Other %:‘:;;“323%1:::{,;;_;‘:.555%;‘3?330:5;BHUREH I]ESIGN BUTCHER NAMED OFFICER BAFR"Z PI.AN i ¢si E. 5. Hallp, deigner vod iger: ‘throughe the tinued lon du 3 | v B i ettt ey y s s it il OF MASON CONTRACTORS 5 An early sart will be mad in the |SOIRCCtcut avenus' ot 105, square b 3 & 2203); to cost $15,000. e e 1ot ey Wy Holdings Decline. \ | _Part of this no doubt was caused by | s Ny construction of a new plant for the |29 o cost 815, 0 e . Miller, owners and curities based upon land at a conserva- the general business depression that | Chosen First Vice President of Na- Toarimms a% B o C streets. ase. 4o Al Sy Sasal e R TR “ coun . erect x bricl |- Sive valuation. o St STy a8 aiwiinle last oL, tional Association of U. §. and ek the Distries Gaverns | L S30 Brest lao (e et 0 o ”-'r:h‘m mmnuudn which {IM{COS‘IQ While other holdings declined, the acted to hold down purely speculative | - ment under an -greemenc approved | \08, P! sect les. lepartment of he asse! i d. k yesterday by the District Commission-| 59 Square 1619); to cost $12,000. Wit aiy et o trightemed. ':m':lm’ '”dm""“'l;" real estate in 12 | construction programs ; here.1 wh‘ich} Qanada at Convention, ers, it was announced today by Fred. | .Jacobson Bros, owners and bullders; and their fear is being augmented and | |/FeH" nu: }:'“: Tb'd - “:"’d": L ta e Al oy P .| David C. Butcher, mason contractor erick MacKenzie, president of the ?:"“fg Ehxm::‘h‘“m"fi"fil'm'm e ben cne” ot i | Retl Estate Boasds states 1 omety | Values to disstrous leves, 1t 8 pomted | JUry of Architects Describes of the Tt vioe oot e "ea | Building: Designed for Site| IR, oy property ot the lnundey | iyt o ane ¢ aeling, S m""“‘ bonds at low prices. nru:kot its series of articles for the W‘iu i i 0 s M| % * | National Association of Mason Con- 5 is to be purchased at a price of us.&‘o?, by Sauare D : B0 soks Se000. « “Holders of real estate and real se- | Publ g Proposed Christ Lutheran wractors _of the| at Conecticut Avenue and |for land, building and a quantity of | Morris Yockelson, owner and bullder: public. | , Even though increased assessed val- | Lusk. thé situation has been improved z h Immovable machinery in ‘the plant. |to erect one 2-story brick dwelling, 3701 gurities will do well to it tight end | Even though increased assessed val- | Luek; ! demolition of » large mumber| |- .o “Distinaui 23 Pitiad sister o T This property has been the home of | G000 Hope Toad southeast — parcel Bl i $.5°00 case for reaity” mvestment, says | & houses that have hecome ebsolescent Edifice as “Distinguished. / s g il California Street. | the Tolman Leundry for 51 vears. It |214/70, square §733); to cost $10,000, based o association, because realty transac- | Guring past 4 % consists of a four-story brick buil welling B e e a5 tha; ihe | tons continue to be recorded frot day | ot the i et of | SR B i, Butener was Daving & frontage. of 102 feét on & FE o S1e wners of bonds and_the owners of | {0 day, 8nd owners are taking their | HoUses in the sites of Federal bullding | .0 oo 00”0 T T L elected to this post| Plans for the construction of a large | Street and of 33 feet.on Sixth street. | E.L. Pefler, owner and bullder; George Qwnets, te. The best way to | Profits while oth-r fields are siagnant. | Projects. ; P | at the annual con. The District has purchased this T. Santmyes, architect; to erect one equities bn?:m h 100 cents on the | And in places where real estate activity | _ L1he bercentage of vacancies in apart- Lutheran Church, to be erected at Six- | |1 Senition of:ihe apartment house on the site on the property as a part of the site of the |2-story brick dwelling, 5460 Nebraska dnlmu.rt g wort.hve that veal estate is | 18 SIOW, these values will be there when | Tenkt houses, accghmuu to surveys by teenth and Gallatin streets, has been ganization, held re- { northwest corner of Connecticut avenue ( new municipal center, located between | avenue (lot 11, square 202); to cost B the bonds, and this | Mmerkets are resumed. ) i Dow than 3t NAS e dur- | o on s’ “distingulhieds: Tating: by the | cently st Cincin-| and California street are being drawn | Third and Sixth streets, Pennsylvania | $10,000. ‘worth _more n the cing the real | IN 11 citles the assessed values on | N7 the past five years. h # - natl. ‘This is the avenue and Indiana “and Louisiana | _Jacobson Bros., owners and bullders; cannot be done by sacrificing the « land end buildings increased by $138.- i Surveys here have shown that during = Architects’ Advisory Counel], volunteer % Bl Nl he | And erection of the building may be | avenues, which now is being assembled | ‘Contini X estate* at forced sales during hard | 1304 2 and | the past year the number of rew houses | organization of architects sponsored by | has “been elected | Started sometime during the coming | by the city. —{Continued on Second Page.) _ 1 " 8 in the year berween 1929 — the local chapter of the American In i % to office in the|J°Ar it Was announced today by Morris| “The new plant of the organization is 30. These include St. Louis, Mo.; | o1 the morket has been steadily de- 2 i ing. due { Twe Epcters Emphastso Security. | Minueapolis, Greenfield, Mass.; Athens, | {430, e to the gradual ineresse| O 0 SHBEF OF atonal” organiaa: Cafritz, local realtor and builder. to be erected on & site containing - . 4 | The site, acquired sometime ago, he ximatel: 3 , in ouf the present Dallas, Kan- . K. 3 o1 ", pro; ly 55,000 square feet on b R Lo g T R R W I e R | AL g R e e A | BT TV =!umm'lguh‘:&:fl!:|!l;u&e’omy form of m“u m“;f g:‘m P:hl’:remhl.h'l: :— | g‘r}’fiéu'm’rm“{fie“x‘;mm’n .Wmif”‘ :; tsh,;géfi &fif&?fifi;&?‘mfl | vgu%n‘ e, 'mcdh hmn mlm.ud with D!N; ::.t':u chun;nbeen set for the starting :’:‘:d géh::; m:wqummgs rr%:: X sl(;n;s{;hm bo!hn 5: . investment that has come through with " | the light of census figu The council “commended” plans for the Building Trades Employers’ Asso- o J to 050 nd in- | Creased consiantly since 1915, and the | _ o ciation of this city. The Cafritz Construction Co. has|ouilding is to be completed in about 4 y ru.?m degree of security a City of At r4 on increase. but also shows the situa- | a dwelling to be erected at 2807 Wood v Model ;lo-u, 4400 Volta hens, lace N.W. return. reports that the in- | tion for various sections of the"eit; , all el Y started development of a large residen- | six months. . He pointed out especially two factors | CTease in the “bad months” between | of which is lotted on a m.;!l | ,;':‘Qc"m‘,’xfl?i,y"é'fic'?"’u’."fu?f'-'fi‘&"’,g.f. " = tial area in, the Petworth secti-n. Work 'fnhed site_of &l: new plant was ac- of the present long-time trend in the :r‘:figm'fi zhbrdwt;smm;':ma :-.mne The report. made public today, states: | for a show room for 3407 Connecticut | - Housing Survey to Be Studied. 11.::«::"';:9 :nm:dm:l &walu:ng m:mm g:m,’ e qn& . h ‘t& RLY TAYLOR. geveopment of real. estate g e et R R TR . Not counting such institutions as | avenue, designed for Thomas E, Clark ' Special Dispatch to The Star. HR y \.!A-VE R, & to affect favorably the degree large | the ‘Eoldiers’ Home, Walter Reed Hos. Adams, architects. TIM i o ding inspector for 12 more. The Laundry in et real st secatits oy bg | and small citics in asking for thes: £5- | pital and & few others. the increase in | The. commentet st Losioates the | o e iy BTy e ls expected to run to {e sale of the present property o the sa{:guaded. Tk G S -y | the population of Washington bétween | finding of the jury that the plans meet age over of under building in Baltimore | MOTe than 80: houses. ‘They are the development of na- with mnlz w: muum P’hll.llnd(;rlm' | fl‘l" censuses of 1920 and 1930 is 52,106. exceptionally well the standards which will be studied by & committee of the o " e tionally accepted and detailed stanc- | ¥ T L lion, Pioa | queWhst. increase in housing fook place | should be maintained for private bulld~ Real Estate Board, Peyion ¥ Strober Now Is Time to Repair. ards of practice in the appraisal of i3 secon nearly forty-five million | during the decade? ings in the National cmfn. president, said today. rea] estate and the coming of a new icrease. “About 44,000 new family accommo- The jury “approved” plans for a ARV e DR ‘Winter is & logical time for repairing en! en louses. e z s e 3 SHou baiiding. 4 spertin : ARCHITECTS ORGANIZING | would giment, ouses. The -fi | Benanyess, ox Bussr Ty (Gearmy 3] ecgram Wil roquire T0ur yoars o corme | poneal Bl o e ey s ) ‘management the ebl ent “nlle m m% 1.2 per cent of plete. workers are readily available. L4 D & ' Architects are organiz ol new pop n. On the face of i this | — Se ta | cut unemployment but &n‘z m{.fi :hqn an excessive overbuilding. ml- e c 5 o st bigs Neiiding. 5306 Reno Road THIS ding accom growth in population, | g ipanying Eomn ot | % g The .One Xmas Present e - — - $ brought about | of the American Tnsiitite of Abnitosis | NEUTes Teveal sumciént Jdanger to cause Wi ia - g : ; iy : E“y estate fleld | The city, as a result of the ordeal | the bullder to take heed. © & e 4 5 now passing, | _ “The downtown sections, south of || M**¢ Yeur, Gift s Lifeln Terms . passing, . W | to Florida avenue and west of North and : not Al dacent. specalation: | darca ¢ the next decade, Mr. Kohn | South Capiiol strests A, and | e S i ? 5923 4th St. N-w. even a n 5 S ‘ v These adventurers represent a very small (Continued on Secund Pag red. 3 o | S e e A ’ . 4 Bed R i Conditions wr;:e rz;non'nym S5 Drive Out 5th St. to Peabody Open Sunday from 1 to 9 P.M. VISIT THE NEW EXHIBIT HOME IN MEADOWBROOK TODAY T e 5 nts National Mortgage & Investment Corporation turers_and has concealed 1004 Vermont Ave. " NA. 5833 the fundamental un- N R R A R S R R R B Give Your Family the Finest of All Christmas Gifts —a Home " "Foxhall Village 251 Om the WestBnly 10 sos - Minutes from City 5 and 6 Bed Rooms " 3 Tiled Baths Large Studio and Lounge Rooms 4513 RIDGE STREET To !nm,—mm out Connecticut Ave. to Bradley Lane; turn (West) on Bradley Lane, three squares to East. Ave., then right (North) on East Ave. one block to Ridge St. M. & R. B. Warren Builders—WIS, 2873 $17,750 to $24,500 dn the creation and develop- ment of Foxhall Village we be- lieve we have achieved and P(oduced a community justify- niizlhe great amount of study, . thought and time expended. You Will Be Charmed With This “ %:e-l Homie, 3606 dtth S¢. 104 West Cypress Street, Chevy Chase _.7+% Furnished By Sloane -~ BOSS & PHELPS, urix st NAtional 9300 - out st. to Wis. ;, north N to rvolr rd: to Vil- t on 44th st. to home ¢ side. Y OU are cordially invited to see the charming Exhibit Home in Meadow- brook today. Constructed of white painted brick and trimmed with very dark green shutters, this home, pictured above, is a most attractive example of modern Colonial architecture. There are six large rooms beautifully decorated, two tiled baths, open fireplace, built-in kitchen cabinets, large attic, well-lighted cellar, covered side porch, and built-in two-car garage, besides many other modern conveniences and appointments that you would naturally expect to find in such a carefully planned and $1 7 5 500 well-built home 1501 Lamont St. N.W. BT 0 S A o 2 BEAUTIFUL and : e g home, containing 12 rooms, 2 baths, sleeping “and breakfast porches, _open fireplace and built- . ] A type of home and furnishings that will appeal to those who want the best. . i Fort Bayard Park Reduced to $10.950 (St. Anw’s Parish) 6406 Georgil St., Chevy Chase, Md. Y 4448 Farndly pllce N.W. dfi-od::i::i l:k:fl:i:: attractive 6-room homes in f A High-Cliiss: Hisse : The lot, 50x200, is large enough for a tennis pletely Furnished for $1,165 court. Garage. - f | OPEN DAILY, 9'to 9 In excellent condition. - . All Detached Homes To reach: Out Conn. Ave.. turn right om Tavlor St. 3 blocks to A Prices, $10,950—$12,500 Georgla St., then right to property. b Small Cash Pamflll—luldm OPEN ALL DAY SUNDAY ! - Like Rent Edw. H. Jones & Co., Inc. 3 BO "S;ZN-P:HELPS j Cheoy Chase Proverties 5520 Conn. Ave. ity Cleve. 2300 Drive out Compecticut Avenue to Columbia Country Club, turn west (left) on West Cypress Street (Bethesda-Silver Spring Highway) ome block to S is one of. the best buys in thesCity of Washington, with every_ convenience avail- in Chevy Chase Wisconsin 2764