Evening Star Newspaper, March 21, 1931, Page 19

REAL ESTATE. THE EVENING STAR, WASHINGTON, PROSPERITY SEEN BY SPAING OF 3 Changing of Business Skies | Argue for Better Times, Says Executive. Epecial Dispatch to The Star. CHICAGO, Ill, March 21.—Spring in 1931 will proceed under changing business skies, H. Morton Bodfish, ex- ecutive manager of the United States Building and Loan Ledgue, predicts, and a steady creep toward prosperity will be visible before Summer. The league manager makes his ob- servations after conference with some of the Nation's leading economic analysts and real estate financers, em- | phasizing his belief that full prosperity | will have to wait until 1932. | Conditions pointing t> recovery in | the coming months, as outlined by | Mr. Bodfish, are: The basic industries will have to | operate at a higher rate than that of the present in order to take care of today’s demands and consumption. The pick-up had already begun in the steel | industry, cotton and wool _textiles. | ) .y SATURDAY, MARCH 21, 1931. REAL ESTATE. B—3 Spanish Dwelling Bought This Spanish-type residence at 1428 Filcral street, containing eight rooms and three baths, was purchased recently by George K. Stoddard through the INGLOSED PORCHES RESTRIETED HRE Building Code Requires Ma- | sonry in Certain Sections, Says District Inspector. Amendments to the District Building | Code, recently ordered by the District Commissicners, which restrict the build- ing of framed inclosed porches in dis- tricts where the zoning laws specifically require walls of masonry construction, were being enforced by the office of the | District Building Inspector this week. | Porches having a 60 per cent glass | area, with walls cf frame, covered with = plasterboard material, had been per- | mitted previous to the issuance of the | new order. | The amendments, as announced by the Commissioners, foilow: | In B, C and D area districts, two- | story open rear porches built of wood | shail be permitted on dwelings having | { masonry walls, provided they do not ex- tend closer than 8 inches to the party line nor project into the rear yard more than 8 feet. Such porches shall be supported on metal or substantial wood Colonial Residence Sold ‘This residence at 5504 Thirty-third street, Chevy Chase, was purchased recently by Mr. and Mrs. Robert S. MacCready from Louis F. Peak, builder. s of Colonial design, center hall plan and brick construction.—Star Staff Photo. | 1804 M STREET LEASED Leonard M. Gawler, representing the L. M. Gawler Co., has taken a 10-year lease on the property at 1804 M street, nature. It where a funeral establishment will be | property owner. located, it was announced today by the office of David E. Barry, which handled the transaction. The property is im- proved by a three-story building, which has been extensively remodeled. The lease was executed for A. J. Barrett, The Garden Spot of Washington —is never more attractive than it is now, when the rugged brown of Winter is chang- ing to the variegated colors of awakening EXHIBIT HOUSE 44th Street and Forest Lane (Just South of Garfleld Street) Insulated With Celotex W.C.amdA. 9. Miller Builders—Rs 1119 Seventeenth St. It was formerly owned by Ralph W. Howard, jr. ‘The house | men’s clothing, leather, agricultural | 2gency of H. G. Smithy Co. posts at least 6x6 inches in size resting implements and residential construc- tion in February. Retail Stocks Depleted. Stocks in the hands of retailers and wholesalers are not large. In many cases retail stocks are exhausted Things are wearing out. Replacement buying has commenced. According to | Federal Reserve Board statistics, de- partment store sales did not show_as high a percentage of drop from De- cember to January as was expected from the experiences of past years. The bond market indicates cheaper long-time money, which is absolutely escential to revival of business. Cer- tain high-grade bond issues approxi- mated their best post-war levels in January cf this year. No big bank failures are imminent. The whole situation seems to be clear- ing up. In the first three weeks of February bank suspensions declined sharply and some of those formerly suspended resumed operations. Credit Cheap Now. Cheaper credit will help and is being ginning to help business. There is plenty of money. It hates to be un- emplcyed. Employment is on the increase, the final February computations show. A demand for modernization of houses, always present, has been stimulated by the President's Emerg>ncy Committee for Employment, which urges renova- tion and remodeling of th-usands of homes this year. Permits for additions, alterations ‘and repairs in approxi- mately 300 cities show an increase of 5 per cent in January over December permits. This will increase employ- ment in the building trades. “The four-phace business cycle is following its usual course,” said Mr. Bodfish, “prosperity. crisis, depression and recovery. This year's Spring months will be definitely in the recov- ery phase. Prosperity will come back slowly, steadily, naturally. We cannot expect boom times in a couple of months, as some happy warriors per- petually predict.” Hydroplanes are used between Vera Cruz and Havana on the new Mexico City-Havana air service. Open Sundays & Evenings ———— | LET BURTOP; HELP WITH YOUR SPRING PLANTING lawn require special Summer's drought. Call an estimate on complete Land- scape wor Bétaing, sodding. pruning. Artistic planting. Rockeries and Liypools our special FLORIST NURSERYMEN | Nursery & Flower Sh 4000 Baiti ___ Boulev Cottage Atlantic 9162 _ Hraus. SEE OUR NEW HOMES! West of 16th St. N.W. Adjoining Rock Creek Park Sample Open and Lighted Daily to 9 P.M. 1855 INGLESIDE TERRACE Out Park Road or Newton St. to 18th St., North to Ingleside Terrace. Waple & James, Inc. 1226 14th St. NW. North 0962 .}”\;;\;7\7\7\7\? SIS Complete Sell Out Buy a Home With All Conveniences $7,650 1835 Bay St. S.E. Between 18th. 19th. B & C Str. S.E. Near Eastern High School Second Group Started Watch Them Grow Spring Delivery S3 Salesman on Premises Daily Until 6 P.M. 6 rooms and bath Glass sleeping porch Front and rear porches Bath—colored tile and showers Built-in tub Built-in wall safe Mirror door Built-in telephone closet in dining set with benches ned closet electric clock ater heat (oversize boiler) Hot-water storage tank One-piece laundry tub Paneled walls Hardwood floors Hardwood trim Frigidaire Walker electric dish washer Fluid heat—noiseless oil burner GARAGE TERMS—$500 Cash $60.00 a Month (Includes Interest on Both Trusts) Steuart Brothers ! provements A detached tw REALTORS ORGANIZE | LAND OWNERS’ BOD | | New Division Formed Here on Per-i manent Basis With 200 Members. ‘ | Special Dispatch to The Star. BALTIMORE, March 21.—The new property owners’' division of the Real Estate Board was organized on a per- manent basis by 200 charter members this week. The objects of the organiz:tion as set forth in the constitution arc To establish and maintain efficient machin-ry for research and investiga- tion to the end that members may be enabled to take united and intelligent | action to relieve real estate from inequi- table and discriminatory taxation. ‘ To provice a medium through which | members may be pramptly advised as to | proposed _legislation and public im- | restrictions, rules and reg- ulations which may effact theii prop- erty. To provide competent legal and prac- | tical advisory service to assist members | in dealing with individual real" estate problems of a general character. | ‘To enable local real estate owners t Association of Real Estate Boards in dealing with Federal tax legislation af- | fecting real estate and in ‘mbling and disseminating comprehensiv DETACHED Five big, bright, sunny rooms; attic large enough for more bed room space:; daylight cellar, 24x40 feet, cozy fireplace, hardwood floors throughout. hot-water heat, tiled bath and big front porch. Sit- uated on a large well graded lot with space for flower garden and the youngster to play in safety. ‘The entire house is same as brand- new—except the price, which is less than actual cost of reproduc- tion. This has been proven by recent sales. Drive out Sunday and learn all about this splendid home com- munitv and why such big value can be offered NOW. Come through Fessenden St. to 47th and turmn left one block. RM HOOKER Tower Bidg. Met. 2663 type. built-in garage. 1 St. N.W. COMPAN Exhibit Open for Yo Every Day INC. Real Estate Construction 2 138 12th St. N O N A N S5 AT AT AT AT TATAAAS AL EAARATIEENASASEN AR SRR RN SN RN NN car garage acjoins the propert; —Star Staft Photo. tical data relating to the practices and procedure in other cities and States in all matters involving real estate taxa- tion. MANILA VALUES RISE Building Activity in Philippines Held Responsible. Building construction activity in Ma- nila was maintained at a high lev:l dur- ing 1930, raising real estate values by at least $5,000,000, according to a re- port from the city assessor. Real estate owners took advantage of the low price of materials and cheap labor. Th: work of filling up lowlands also was continued throughout the year, increasing the valus of real estate. The report of the city assessor is cor- roborated by the city engineer, who is- sues the permits for new buildings. The number of building permits issued in 1930 compares favorably with that of 1929. Regular Delivery Over 100,000 families read The Star every day. The great ma- Jjority have the paper delivered regularly every evening and Sun- day morning at a cost of 1'% cents daily and § cents Sunday. It you are not taking advan- tage of this regular service at this low rate, telephone National 5000 now and service will start tomorrow. A MODERN BUNGALOW Right in AMERICAN UNIVERSITY PARK Sample House _° 4826 47th St. NW. $6,950 Open for Inspection 5331 NEBRASKA AVE. EHEVY ChnsE, D. €. OPEN SATURDAY and SUNDAY Reached Via Conn. Ave. to Nebraska, Turn East to House 512,500 New detached home, brick and clapboard, English The lot has exceptionally wide frontage and the house has six very large rooms, tiled bath with shower, An outstanding buy. See it today. as & .G Smithy Co, > SUCCESSOR TO BUSINESS N.L.Sansbury v INC. Edw. H. Jones & Co.; Inc. Invites You Ififlnnhhinp Chevy Chase, Maryland Homes at 15 East Woodbine St. and 24 East Woodbine St. ur Inspection Until Dark Out Conn. Ave. to Woodbine St. (just 4 blocks south of Colum- bia Country Club), turn right. on masonry or concrete footing, and with all hand and foot rail connections securely anchored by suitable iron clamps or cleats fastened to prevent any outward thrust. In B, C and D area districts no frame addition or inclosures shall be allowed on buildings in which masonry walls are required, nor shall _existing frame porches be inclosed. Permits shall not | Brick Residence, 2426 Tracy Place, ‘ Contains 11 Rooms. Mrs. Elinor W. Exnicios has pur- chased the large brick sidence at 2426 Tracy place from District Securities Co., it was announced today by the office of John F. Maury, which be issued to repair any such addition or | = inclosure that has been damaged by fire | or has otherwise depreciated more than | one-half of its present reproduction value, as determined by the inspector of buildings. | All porches shall be subject to the provision of the zoning regulations re- lating to lot occupancy and side and | rear yard requirements. Such porches | be " inclosed Four Rooms, Kitchen and Bath Electrical Refrigeration THE ARGONNE 16th and Columbia Road Reasonable Rentals 303 Wilson Lane EDGEMOOR, MD. *13,750 A lovely suburban home of Colonial design, having eight full size rooms, four bed rooms, tile bath and shower, tile lavatory, breakfast room or den and a huge covered living porch. Beautifully landscaped grounds 65x195—a splendid environment and where transportation, grade school, junior high, and stores are within two squares. The entire house is in perfect condition and many features are provided, such as oil heat, fireplace, painted walls throughout, copper screens, garage and numerous added conveniences. The owners are moving to the Pacific Coast and are extremely anxious to sell— they. will be away for the day to allow every opportunity for an unembarrassed inspection of the property. Open for Inspection Sunday 10 to 6 Schwab, Valk & Canby i 1704 Conn. Ave. Potomac 0830 | N Charming Exhibit Home in Meadowbrook An Ideal* Location in the Country Club Section, One Block West of Connecticut Avenue SRR S A S A A S A S S A A S O R R R A A R A S e R AR R R R AR R A A R R AR A A A A R S R A A N A A A T, a5 106 West Cypress St., Chevy Chase HIS Exhibit Home is an attractive combination of red brick and white weather-board, designed with a receded porch and a gracefully sloping roof with dormer windows, The interior includes six large rooms, two baths with showers, and ample closet space. There is also a built-in garage. Other regular features and items of equipment are; General Electric Refrigerator, Curtis Kitchen Cabinets, Armstrong Linoleum, Venetian Glass Medicine Cabinet, Floored Attic and Completely Landscaped Grounds. 514,950 in Chevy Chase Wisconsin ~ 2764 A WARREN DEVELOPMENT Drive out Connecticut Ave. Cypress Street (Bethesda to Columbia Country Club, turn left on West ilver Spring Highway) one block to propert IHATHTATAAAALATHATATAAAAATTAAAAATIMATTAI T AT AT I NIHATSHITTLUAAATTAAATATAAAAAAATATASLALALALAL RN AN NS A NN A NN NN YOU und the MRS‘ EXNIC'OS BUYS HOME handled the transaction. contains 11 main rooms. In the most beautiful section of Chevy Chase, D. C., on a lot 70 ft. by 200 ft., with ample room for a tennis court. The ideal home for a large family. WE BELIEVE THIS TO BE AN OUTSTANDING VALUE. ' There are 9 rooms and 3 baths. All brick construction of center-hall Colonial type, with 5 bed rooms, including a built-in and heated sleeping porch. Ofen All Day Sunday. Price $19,450 PHILLIPS & CANBY, Inc. Exclusive Agents Nat'l 4600 Investment Bldg. Fichiliiey- Home 5524 Fourth | Street N.W. Open for Inspection Jamily have a SR RSIEIEEIT IR R TR TR TR YRR R AT R U YRR RER AR TRy dfl l'g O M O RR O ‘ N 7 | You're coming out to see Dunigan’s newest homes before you buy else- where. You're not going to take the chance of being gripped by that re- morseful feeling later on . .. that feeling that says, “I might have bought something better.” Already Dunigan homes have made 6,000 critical people happy. Beautiful homes, these, with Frigidaires . . . with improved heating systems . . . with metal garages . . . with elegant interiors. .. with sound, flawless construction ... and with streets and alleys already paved. Yes. .. you're coming out to see Dunigan’s newest homes tomorrow . . . and as you're inspecting them you’ll understand why Dunigan has enjoyed the confidence of Washington for so many happy years. D. J. DUNIGAN, INC. NAtional 1265 Builder of HOMES—Builder of CQ&EIDENCE—Buildcr of VALUE Tower Building