Evening Star Newspaper, December 20, 1930, Page 16

REAL ESTATE. WEBSTER PREDICTS BUSINESS ADVANCE D. C. Property Values Grow, Says Realtor, in Urging Greater Optimism. “What_business needs today is less | looking backward and more looking forward to success and good business,” said Ben T. Webster, past president of the Washington Real Estate Board, loundlng an optimitic note today. ‘A bank run can be started by tell- ing some credulous person that a bank is about to fail; a crowd can be col- lected in a short time by standing on the pavement nnd gazing upward at some spectacle,” he said. “Bad news t.rlvels fast and far, but equally so can good news. Hard Work Essential. “It is true, of course, that conditions throughout the country have been try- m but it is a natural consequence due to a period of adjustment from abnor- mal times to normal times, and many of us find it difficult to meet the ad- Justment, creating a mental depression Edwards, architects. mittee, guished rating by the Architects’ Advisory Council. NG STAR, WASHINGTON, D. ‘C, SATURDAY, DECEMBER 20, 1930. Sketch of the structure now being erected at Sixteenth and Gallatin streets, the design for which was given a distin- It is being erected by Skinker & Garrett from plans by Smith & J. Frederic Wenchel is pastor of the church, and W. H. Scott is chairman of the buil R ‘which, unfortunately, passes on from lip lip. Ask a business man the question, ‘How is business?’ and note his answer. You will find, undoubtedly, that if his answer is pessimistic, inves- tigation will show you that he is sitting around waiting for business to come to “Business must be created. Only thard, lnullixenc work will bring results. And again,” he said, “many failures can be directly traced to condtions within the organization, raLher than without. Bervice is the thing the public wants and demands. Slipshod methods, dis- Soodssxaggeration, Talluts to_keep exay on, failure cep one'’s word and many other lax methods have resulted in probably as many business deaths as any other cause. “Let us look within and see if we can- not_create better business by better methods, seeking always to please and delight the customer. Business has al- ways been with us and always will be. Economic c are bound to come at lnbemh for better or for worse, but at no time should men of business face conditions but with a smile and greater effort. A course in psychology would be of great benefit to many suffering from depression. Development Plans Cited. “Much has been said recently by men who know, regarding conditions in our beautiful city. My own observations after several extensive trips have made me decidedly cheerful. No safer place can be found to invest one’s savings either in a home or mortgage paper than in our own fair community. It is true, of course, that many properties have declined in value from the ex- treme inflation of the war period, but real value hu increased as cumpned to the pre-war period. That is to say, a c.hned before the war and 1d by orlflml owner is of greater value now t.hnn when purchased, pro- viding it has been kept in condition and the community tone has not been Jowered. We have nothing to fear if ‘We invest intelligently. ‘Wi as we all know or should know, is slated for wonderful improvements. Its past is one of prog- ress, its future one of promise. Let us look at facts that are easil yobtainable ook at ucu that are easily ohmmble SILVER SPRING CO. PLANS OFFICE IN WASHINGTON Ourtis Walker to Have Charge of New Realty Quarters in Towér Building. The North Washington Realty Co., ¥nc., shortly after the first of the new r will n downtown offices in the ower B , morthwest corner of and K streets, it was an- The city o{;ces will be under the di- munn of Curtis Walker, vice presi- dent of the company, and will spe- dluu largely in the sale of suburban end city business and industrial prop- 1931 BRIGHTENED BY PUBLIC WORKS Engineering Paper Points to Heavy Volume at Time When Much Needed. “A heavy volume of public works was the pronounced characteristic of 1930 in the field of civil engineering construction. House building continued in a severe depression, and went even considerably lower than in 1929, itself a lower year. Since house building picked year, greater activity may be looked for in1931. In any event, the increase plan- ned in public works over the large totals of 1929 and 1930 will put con- struction into a leading position of strength during the coming year,” it is stated by F. E. Schmitt, editor of the Engineering News-Record. “Figures for public works construc- tion in 1928, 1929 and 1930 were al- most exactly ‘the same in total. Munic- ipal works decreased somewhat dur- ing the three years, while road and bridge construction and river improve- ments increased. The large additional vided in Spring has not yet had a chance to influence the figures great- ly, but will show up in decisive man- ner next year. With the further aid of the emergency appropriations of the present Congress session they will carry public works to a high record. “Industrial, commercial and institu- tional building work suffered somewhat was balanced by heavy improvement work on the part of industries and utilities. “A very favorable situation as to prices developed well before the mid- dle of the year and has continued. Material prices went to lower levels, and labor efficiency increased consider- ably, with the result that building costs are at least 15 per cent lower than in the immediately preceding years. Wi rates were quite generally maintained, but the work turned out per man increased. Material prices, which in the construction flield are quite stable, show a rising tendency in the latter part of the year after the earlier drop. “Anticipating some further increases in the productive efficiency of build- ing labor, and very close figuring by bidders, costs promise to continue very low through at least the early part of 1931, adding impetus to the forces favoring increased construction.” REALTY OFFICES MOVED John A. Brickley Now Located in Barr Building Suite. John A. Brickley has moved his real estate offices from the former location at 4217 Ninth street to a suite in the and a director of the Silver Spring | Barr Building, 910 Seventeenth street, Nntlmul Bank, the Title & Investment | where he will conduct a general real Co. of Maryland and the Prudential | estate business and handle rents, loans Bullding Association. and insurance, it is announced. on Georgia avenue at the et _line. Mr. Walker, in addition to his con- pection with the real estate and build- ing organization, is vice president and m of the Maryland Publishing In the Heart of up somewhat toward the close of the | sum for Federal-ald road work pro- | Wa: from the depression, but this decrease | 1ng PROGRESS NOTED IN U. S. BUILDING DESIGN IN DISTRICT (Continued From First Page.) room cottages, charming in design and material, more or less original in char- acter, and at a modest price. Much has been accomplished by the publicity given by the new small-home maga- zines, the small-home exhibitions, and | the work of groups of philanthropic | architects working in the Small House | Service Bureaus. “The year 1931 will surely add to the | growing sentiment that a good home is not just a good house well and hand- somely built. We have realized that group action is necessary. We know now that we must create neighborhoods, | communities even, in order to give the right envlronment tu a home.” C. C. JAMES HEADS LOAN LEAGUE UNIT ; Past President of Federal Commit- | tee Reappointed Chairman of Legislative Body. C. Clinton James, past president of the Building and Loan Council of | , has been reappointed chairman of the Federal Legislative Committee of the United States Build- ing and Loan League, it was an- nounced today by R. Holtby Myers, Lm Anzeles. president of the national 'I'h! committee, appointed to keep the league apprised of bills pending | before State legislative bodies concern- home ownership and the business | nr the building and loan concerns, | serves in a voluntary capacity. Other members of the committee are H. F. Cellarius, secretary of the United States League; I. Priedlander, Hous- ton, Tex.; Charles O'C. Hennessy, New York; W. B. Hilton, Wheeling, W. Va.; Philip Lieber, Shreveport, La., and C. Clarence Nelsen, Salt Lake City. Utah. LOCAL DESIGNERS WIN IN BATH ROOM CONTEST | Cash Prizes Announced by Local Manager in $15,000 National Competition. ‘Three Washington men have w cash prizes in a competition for two classes of modern bathroom design, was announced here today by H. H. Steck, local manager of a national manufacturing concern which sponsored the competition. The local winners are John D. Cobb, 1882 Columbia road; Robert E. Rader, jr., 2458 Tunlaw road, and Harvey P. Baxter, 903 Otis Build- ing. One of the two classes of design was for a bathroom suitable for houses cost- ing not more than $15,000, and the other for houses in which cost is not the major consideration. A group of members of the American Institute of | Architects from various sections of the country judged the entr] Kalorama’s Finest 2435 Kalorama Road Socially Prominent This Tudnr Englfnh home of stone construction, splendidly adapted for entertaining, contains fourteen rooms, three dressing rooms and five fam- ily baths, in addition to four servants’ rooms and two servants’ baths. The house is equipped with automatic heat and electric refrigeration. There is a four-car built-in garage. OPEN FOR INSPECTION, SUNDAY 10 A, M. TO 8 P. M. W. C. & A. N. Miller Builders—Realtors 1119 17th St. N.W. DEcatur 0610 it | PROPERTY OWNERS OF OHIO FORMING Announcement Follows That of Illinois, and Other States Plan Similar Steps. Following_close upon the announce |ment of State-wide organization of property owners in Illinois, under the joint leadership of the National Asso- ciation of Real Estate Boards and the | Ilinois ~ Association of Real Estate Boards, comes the announcement of similar State - wide organization of property owners now being effected in | Ohio. Other State real estate associa- | tions at the present time are engaged in_and planning similar action. Radical readjustment of our tax system is the single objective of the local property owners divisions, the State-wide organizations of real estate owners and the property owners di- n_of the National Association of Real Estate Boards. | The immediate State-wide objective | of "the Ohio divisions will be to take a definite stand for the tax limita- | tions made possible for Ohio real es- | tate through a recently adopted amend- ment to the Ohio State Constitution The amendment, which goes into ef- | fect with the new year, provides for | the segregation of property for taxa- | tion ‘and provides for a constitutional limitation of 15 mills on real property. During the past fortnight definite | organizations of real estate owners have | been brought into existence in_Akron, Toledo, Mansfield, Springfield, Middle- town and Canton. The real estate boards in Cleveland, Youngstown, Marion, Hamilton, Lima, Columbus, Dayton and | Warren are now in the process of es- tablishing property owners_divisions. EXPECTED IN SPRING Chicago Survey Indicates That Favorable Factors Are Increasing. The most favorable conditions in re- cent years promise to give impetus to a revival of normal construction activity by early Spring, according to Nelson, Hunt & Co., of Chicago, who have just completed a Nation-wide study of the building situation. The survey report said that available data indicated that the present decline in building had about reached bottom, and durimg the next few months resi- dential building would probably take the lead in bringing about an upward trend. It was estimated that the con- struction total for 1930 will be from 18 to 20 per cent below that of 1929—not exceeding $5,250,000,000 for the entire United States. g Important factors tending toward improved conditions and a confident outlook for the building industry Te summarized in the survey as follows: Construction cost reduced, now at the lowest level since February, 1923. Ample funds becoming available for soundly conceived projects. Wages of building craftsmen well stabilized. Building labor plch[ul and its ef- ficiency high. Definite trend toward better and more permanent building. Growing development of intelligent co-operation and application of scien- tific investigation among builders, re- sulting in elimination of ill-considered speculative projects. A definite established trend of pop- ulation toward urban centers, empha- sized by 1930 census figures, tending to offset temporary conditions of over- building through natural growth $110,000 IS INVOLVED IN BUSINESS TRADE Garfield Kass Obtains Cornmer on Georgia Avenue From Vir- ginia D. Cassidy. Business property on the southeast corner of Georgia avenue and Rock Creek Church road has been acquired by Garfield Kass in a trade transaction involving a consideration of approxi- mately $110,000, it was announced to- day by McKeever & Goss, realtors, who acted as brokers in the deal. Mr. Kass traded the new filling sta- | tion property on the southeast corner of Georgia avenue and Princeton place to Virginia D. Cassidy in exchange for the business property and a cash consider- ation. The filling station is under lease to Sherwood Bros., Inc,, for a term having a_ total net rental of approximately $57,000. Imposing Detached Corner Home In a section where ground values are increasing. 4330 37th St. N.W. Cor. 37th and Yuma Sts. North Cleveland Park Brand-new—and custom built —center-hall colonial, of brick and frame construction—ideally planned and modernly equipped: || 1| 6large rooms, 3 master bedroom: private concrete living porc open fireplace; 2 baths; Frigid- aire; 2-car built-in garage. Ac- cessible location; near Bureau of Standards; community _stores, schools and churches handy by. Excellent transportation facil- svr . 315,250 A Very Low Price... OPEN Daily from 1 to 9 Sundays, 10 to 9 Lighted and Heated R. M. HOOKER ‘Tower. Bldg. Me. 2663 In Northeast architectural standards. selected materials of the highest quality and labor furnished by skilled mechanics, have gone into the construction of these homes. 7 large rooms, tile bath with built-in tub and shower, extra large porches front and rear, natural wood trim, Frigidaire and built-in garage. [Ask the Family Open for Wm. M. Th 208 Investment Bldg. THE BEST BUY Jameson Built Homes 1504 D St. N. E. Designed and built by experts according to the best See Today Biggest N. W. Home Value Ever Offered By Us SIX SOLD 20 ft. wide—lot 1421, ft. deep. Six big rooms. 3 largw porches. | Screened throughout. Kelvinator. Garage, and other attractive | features. $500 Cash Easy Monthly Payments EXHIBIT HOME 422 Farragut Street Open Until 9 P.M. CAFRITZ 1Hth & K Washington Nothing but carefully Who Owns One!] Inspection rockmorton District 6093 What Other Gi A Home of 1715 C St. N.E. Seven rooms and tiled bath, with built-in garage. Facing the new 160-ft. boulevard entrance to Anacostia Park, adjoin- ing Eastern High School. A very special kitchen, including Frigidaire. $8750 718 Union Trust Bldg. Or Any ft Could Bring Such Lasting Happiness? YOUI‘ OWI‘I That Is Built to Endure Two Choice Locations Open Daily Until 9 PM. 1223 Owen St. N.E. ‘ Six rooms and bath, with garage. Three spacious porches. In the newly developed Trini- dad sectipn. Streets and alley paved. $7975 Small Cash Payment and Balance Like Rent All homes have hardwood trim and floors, pan- eled walls and artistically wrought electric fixtures. R. E. Kline, Jr., Owner National 6799 Brolcr Residence at 4311 i:l‘hmnul street northeast which has been purchased illiam S. Tyler from Sullivan Bros,, local realtors. The house Mr, Tyler is the Washington representative by Mr. and Mrs. is of colonial architectural motif. of a national concern. MEMORY OF SHANNON HONORED BY REALTY BOARD DIRECTORS Condolences Extended to Family Recall Services for Which He Was Given Honorary Membership. ‘The services rendered by Willlam E. Shannon, who died recently after & long pcriod of activity in local and national real estate circles, are praised in a memorial adopted this week by the directors of the Washington Real Estate Board, extending condolences to members of the late realtor's family. It was pointed out that Mr. Shan- non, in addition to being an active member of the local realtor board since its early history, was the only individual on whom the board has conferred honorary membership. This was done in 1919 ‘and was prompted by the serv- ic>s of Mr. Shannon as an official of the United States Housing Corporation of the Department of Labor. It was to this corporation that the Federal Government delegated the task of solving problems attendant on the housing of wartime workers. Mr. Shan- non was head of the real estate and commandecring department of the corporation. Mr. Shannon served from 1922 w With All Conveniences $7,650 SAMPLE HOUSE 1825 Bay St. S. Between 15th, 19th, B & C Near Eastern High Sche Open For Inspection 6 P.M. to 9 P.M. Daily And All Day Sundays 6 rooms and bath Glass sleeping porch Front and rear porches Bath—colored tile and shower Built-in tub Built-in wall safe Mirror door Built-in telephone closet Built-in folding ironing board Cedar-lined closet G. E. electric clock Hot-water heat Hot-water storage tank One-piece washing tub Panel wall paper Hardwood floors Hardwood trim Frigidaire ‘Valktr electric dishwasher Hardinge oil burner GARAGE TERMS—$500 Cash ? $60 a Month (Includes Interest on Both Trusts) Steuart Brotllers Real meu Connruchon 138 12th St. N.E. ARALLALHLRANRL NN NSNS \\\\\S\\\\\\\\\\\&\\\‘\S\\\\\\\ A S N O O S R S SSRA RN R AR A B S R N R R R S S SRNNANSN AN 1925 as a member of the board of direc- tors of the National Assocation of Real | Estate Boards. He also served as a| member of the national association’s |E Research Committee, its Facts and, Problems Committee and as a member of the Advisory Committee to the asso- ciation’s councilor to the Chamber of Courts Close Private Bank. , France, December 20 (). -—The courts today closed a private bank here founded by a Frenchman named Colin. The procurateur general of Paris announced that Colin had been arrested and that the action was taken “as a measure of public security.” 6303 RIDGE- | WOOD AVE. CHEVY CHASE, MD. The most beautiful new Bosein BOPRONT IS & bar iRy e $18.900 5 Lot 82 feet front; center hall, all-brick, copper trimmed, ) roof. There is a library, living room, dining room and the best planned kitchen ever offered, besides spacious hall. There are four large bed rooms, two colored tile baths, and six _cedar closets on second floor. Third floor has servants’ 5 quarters and storage space. In addition there is a two-car farage, a beautiful rear garden with abundance of shade, a plastered cellar with all equip- ment. All walls are furred on inside and papered with imported paper. A Home Wol'h purc]’laaing—- Inspect Sunday Phillips & Canby:, § Inc. Investment Building National 4600 Commerce of the United State: &%&&&ws&&m&&&a&m 3355 Military Road Chevy Chase, D. C. the Supreme G Open Saturday Afterno DETACHED ly equj uti; - B SS AN e HOME Now Is the i % There Is Yet Time to Give Your Family COLONIAL — 2 BATHS $13, One bath, a shower, connecting two bed rooms. Finely built, house with attic, slate roof, all oak floors fireplace; - big, kitchen; wide front porch. paved street 215 blocks east of Cenneetl.m P T O o G C s o O R Prctieab ot e sty et b ift ...a Home on and All Day Sunday ALL-BRICK 975 Lot 40x150 it Ave. AW PH PHEL P o Time to Buy é:mmwmaag What does it mean to YOU? Ts it only e memory of the past, or perhaps a dream for the future? And How Long, then, before this dream shall come true? Not until the evening of li fills your world w ith long, regretful shadows? Not until the children have grown to strong manhood and womanhood and gone away into worlds of their own? It will be no home, then; for a home must be so much more than land and building materials; it must be aged in the sunshine of love for many years, and sometimes drenched ‘with the dew of tears; it must have chimed with the happy laughter of children at play; it must bear the marks of little hands and feet; and so, in every way, grow warm with a myriad of memories. Homes can not be bought, like so much merchandise, whenever one has the price, but must be made with love and long living in them; and one never has that price except while life's sun is Heavens. Il high in the Delay the purchase of a motor, if you must; post. pone the piling away of securities intended to guarantee a well-earned rest in the evening of life, but do not delay, do not postpone the laying of the very foundations of your human happiness and contentment—your ‘ Nem Exhibit Home 4426 Garfield St. N.W. nie. C. H. Macintosh. OPEN— Sunday 10 A.M. Daily 10 AM. to to 9 P.M. 5:30 P.M.