Evening Star Newspaper, December 26, 1931, Page 13

REAL ESTATE -— WASHINGTON, D. C, he benin WITH SUNDAY MORNING EDITION Star SATURDAY, DECEMBER 26, 1931. BUILDING NEWS |p * $2,000,000 GAIN. SHOWN IN D. C. PRIVATE BUILDING FOR 1931 PROSPEROUS YEAR AHEAD REAL ESTATE MEN THINK Low Percentage of Vacancies and Steady Demand for New Homes Create Confidence Here Despite Numerous Setbacks. BY DON S. WARREN. considered. the year now drawing to a close presents ord for the construction industry of the District that is not only encouraging. but shows progress in the private de- velopment of Washington that is remarkably good in the face of many adverse conditions. Private building activity here, gauged by the volume of money expended, has outsiripped the record of 1980, it is revealed by an unofficial compilation of monthly records of the District Building | Inspection Department. A gain of approximately $2,000,000 has been made. N A grand total expenditure of $30.695.864 for construction opera- | tions here exclusive of Federal and District projects, which run into many millions of dolia was provided in plans approved by thc‘ District Governmen. | Other Phases Encouraging. g Other phases of the Washington realty situation w_hlch are par- ticularly encouraging are that residential construction in the District this year exceeded the volume for 1930, that the percentage of vacancy in apartment buildings has increased but very slightly, despite completion of numerous large structures, and the size of the ADOS T0 CATAL construction volume for the Dis i r exceeds the recor is probably the Many New Projects Listed in| Last Year Change o Skyline. of the picture, since the depression and talk of depression have served somewhat in Washington, and to a larger extent in some other sections of the country. to curtail expendi- tures for capital investments even by those well able to make them Cuts Believed Passed. A slump in construction here this year in fact was expected by some obscrvers last January as a rather natural development from the depression and \momploy-‘ ment, but others, noting the heavy cuts that had been made in new projects in 1929 and 1930 from the high totals of former years, foresaw no appreciable decline. Col. John W. Oehmann, among others, predicted that 1931 would show about the same volume as the preceding year. idering the growth in population Progress in the physical development of the National Capital by private builders, which has brought many last- ing changes to the skyline, is shown in the following list of new projects which | were approved in the last year: Five-story apartment house at 1620 Fuller t, costing $200,000, a project of the Ell & K Building and Investment e huge third unit of the West- Apartments at 4000 Cathedral overlooking Glover Parkway, an | tory building having an esti- | ed cost of $3.000.000 and owned b the Westchester Development Corpora- | four-story warehouse for the | ansen-Owen Co. at 2321 Fourth | reet northeast, costing $75,000 The eight-story medical office build- ing at 1723 I street, built by the 1726 1 Street Corporation. the cost of which wa estimated at $650.000; 12-story | apartment for Baer & Scholz at 2150 ! Pennsylvania avenue, having a cost of | $350.000: seven-story apartment build- | ing at 3900 Fourteenth street, built by Goldsmith & Keller, the cost being $425.000; four-story warehouse at 1127 First strect northeast for the Palais- Royal Department Store Co., costing $250,000. Home Costs $310,000. Home for Raymond T. Baker, direc- tor of the mint under the Wilson ad- | ministration, a three-story residence at 2300 Foxhall road, having an estimated cost of $310,000: three-story printing plant for the National Capital Press, at | 301 N street northeast. having an esti- | mated cost of $170,000; three-story warehouse for the Thomas Somerville Co., at 1236 First street northeast, hav- ing a cost of $81,000. Eleven-story apartment hotel built by Lester A. Barr at 1713 G street at an estimated cost of $275000. church structure for the Latter Day Saints be- ing erected at 2810 Sixteenth street, at the corner of Columbia road. having an cstimated construction cost of $175,000 Three-story garage building for L. P. Steuart Co 1436-1446 P street, hav- ing a construction cost of $115,000; four-story dormitory for Emergency Hospital."at 1712 F street, costing $20.- 000: five-story apartment for Monroe & Hugh Warren at 230 Rhode Island ave- | nue, having a cost estimated at §: 000; five-story apartment building for Se d Realty Co. at 7611 Georgia a five-story apartment building, an addition to the headquar- ters of the Board of Temperance, Pro- hibition and Public Morals of the| Methodist Church, at 114 Maryland | avenue northeast, costing $330,000. Cathedral Work Advanced. | Five-story apartment building for | | Seaboard Realty Co. at 7701 Georgia of Washington, the gradual obsol- escence of its older structures and other conditions. Col. Oehmann now voices if that the new year will see & building volume greater than r this_year, p al of $45.000.000 a level, he b normally expected to next three years as business con- during the com- at in gen the countr: sts as a general ude of con- able phase of the record of 1931. Homes Approved. vear plans 1 f 1.383 new dw total estimated cost of ! were approved by the District building inspect This compares with per- mits for 957 hou ving an estimated total cost of $7.482.500 for the year 1930, showing an increase of 426 houses and a gain i the cost volume of §. 564.180. 0 » the figures for 1931. including the 11 construction work, an ded as conservative was the last week of this 1 figures to be compiled may bring a s having $10.046.680 ha ral months ago it appeared that would outstrip the volume for but the last (hree months of showed declines from the same jeiry EREIErcasts ev not being enough to drag year's lotal dmfn to the level of 1930. Progress Is Revealed. private building operations SS during the y the table below. with ficial except for December, estimate January Februar: March April May June July .. August which is an $1.816,700 654.390 206,680 79 | October November December | the Capuchin Fathers at 4121 Hare- | |and roof for Washington Cathedral,| Woodley road and Wisconsin avenue, ing~ $600,000: five-story apartment | Southern Construction Co.. at 3726 | Connecticyt avenue, costing $500.000 60 _ Six-story office building for the Standard Oil Co. of New Jersey at 201 . costing an estimated sum of 000: three-story apartment build- | ing. G. B. Mullin Co., at 4025 Thir- teenth street. costing $70,000: four- story office building for the National Geographic Society at 1156 Sixteenth | street. costing $391.000. ! Two-story telephone exchange build- ing at 4268 Wisconsin avenue for the | Chesapeake & Potomac Telephone Co., estimated to cost $180.000: eight-story | apartment building at 3206 Wisconsin avenue. for Gelman Construction Co., estimated to cost $275.000. Remodeling of building at 613 G| street for the Hecht Co.. department <tore. estimated to cost $60,000; church building project at the Washington athedral, Wisconsin avenue and Woodley road, estimated to cost $90.000; | four-story dormitory at 235 Second s northeast, ~Young ~Women's istian Home, estimated construc- tion cost of $95,000. Shop building at 1617 U street for the District of Columbia Repair Shop, estimated o cost $20.000: settlement house at 608 Massachusetts avenue for | the Christ Child Society, estimated to cost $30.000: fire station at Thirteenth and K streets, for the District Fire De- partment, estimated to cost $150,000. ‘Two-stor dormitory building at Rendall Station, Md.. for the nurses'| home at the District of Columbia Chil- dren’s Tuberculosis Sanatorium, esti- mated to cost $90.000. and a three-story | parish house for the Chevy Chase Pres- byterian Church, 5866 Chevy Chase parkway, estimated to cost $58,000. Other projects placed on file with the District buflding “inspector in the last few days include plans for a five-story apartment house at 5521 Colorado ave- nue. by the Webster Construction Co., estimated to cost $200.000; a two-story manufacturing building for the Colonial Ice Cream Co. at 416 Canal street southeast, estimated to cost $100.000, and a four-story lodge bullfll:‘, t 1 Ninth street for 1;1- Grand United EGSCHAFERCO: Distinctive Quality : Plumbing Fixtures and Heating Equipment December of ns on file ir For present pl: be project dwellings having a tc of $400000 as comy ings having an es $606.000 approved in As compared with a total of $800,000 for December of this year ¢ was a total of $1.386.125 for the correspond- ing month of last year Past Totals Compared. Totals for the preceding 12 years are follows: of stimated cost red with 81 dwell- mated cost of December of 1930 86 . 24,400,000 49.050,000 50,500,000 ed by the pur- while not up or carlier pe- satisfactory” in observers, con- of the de- hortage of ready money throughout “very some has been opirtion the presiion the g and easily avail the countr The fact that ble in the preceding two years there had been a heavy reduc- tion in building operations here, as compared with the high levels of former vears, undoubted] to prevent the piling new I tenance price n this n and w of properiy value sales Market Keeps Stability. While there decline market value particularly in some Clunse locations here during the 1o necessity of moving Cases new hetine clas w howe ) twe I A for same " “reased was A in the hou and rome past year them, in ' ame due her wener preceding ApProxima and OME CRaes e o i and (Ountinued w Becond Page ) Barometers Show Volume of D.C. Building in Past 13 Years [ /9/9 1920 192/ 1922 1923 1924 1925 1926 1927 /928 1929 5 =l WU ROROREO The rise and fall of the volume of private construction activity within the boundaries of the District, s| of 1919 and 1920, the great increase that occurred in 1922 and 1923 and the “boom” year levels of 1925 and Ppast two years. 15 ¢ U AR e e R DR R R T R 20 25 30 35 5 £ 40 f U U RO (Vacvarion v Micions or Dowiars (000000) Omzrep) wn here, reveals the low levels of the post-war years 926, together with the more normal activities of the 55 e o g o tirrrven i REVISES PRICE INDICES | Labor Department to Publish 748 Items Each Week. In January, 1932, the Bureau of Labor Statistics of the Department of Labor will begin publication of a re- vised wholesale price index, to be issued weekly as well as monthly. The new wholesale price index car- | ries 784 price entries, instead of 550 as before. For most part the addi- tional items are the fully manufactured commodities, or the so-called “con- sumers’ goods.” The new index continues the aver- age for the year 1926 as its price base or s representing 100, and all addi- tional commodities have been priced back to that date. ACTION IS KEYNOTE OF 152 PROGRAM Leaders’ Activities Held Hopeful Sign for Renewal of Good Conditions. A helpful sign for 1932 is that con- | s are serious enough in almost industry so that outstanding leaders are really doing something to correct them: there is less talk and more action. it is declared by Charles F. Palmer. Atlanta, Ga. president of the National Assoclation of Building Owners and Managers. “Particularly is this true among_the owners of great commercial office- building _ structures throughout the United States and Canada who, a few years ago. would only casually com- | ment on the extravagances of munic- ipal governments, although 27 per cent | of the operating expenses of the build- ings these men own goes for taxes,” he states. “Now, increased vacancies force such scrutiny of even the tax bill that these same men are seeing to it that loose methods in city expendi- ture come to a halt. They are giving of their time for friendly co-operation with the city fathers. Some real sav- ings are being made “To me this application of business methods by business men to municipal problems is just one example which shows a changed attitude reaching into every phase of commercial life. No longer do we sit and wait for Santa Claus. No longer do we let George do it. Each and every executive as well as each and every employe is finding out once more what the joy of real work is. | “Office buildings, which comprise one | of the Nation's five greatest industries, | employing over $7,000,000,000 of the people’s capital, are rented about 82| per cent of capacity. Statistical analy- | ses compiled three times each year for | £ avenue, having a cost of $125000; the last decade by the National Asso- | Colonial Exposition in Paris. September 5 | three and a half story dormitory for |ciation of Building Owners and Man- | mahogany inlaid with satinwood. The agers have given the status of the | wood road, costing $65,000; transcept| industry. The periodical figures for | belonging to the Hartford Museum, the latter part of 1931 show that va- | cancies are still increasing, but the curve is decidedly less abrupt than that from May, 1930, to May. 1931. Also fewer tenants are condensing their use of space. There is less con- traction. “As office buildings house a com- plete cross section of all businesses, and as the National Association of Building Owners and Managers in- cludes practically all the larger struc- tures on ‘his continent, it is logical to assume from the above figures that business ds near to bed-rock and that better days are, not so far ahead, both for the owners and the occupants of office buildings in the United States and Canad; ' In Virginia— l Belle Haven On the Mount Vernon Memorial Highway Home Sites Homes NORMAN C. BROWN Investment Bldg. NA. 1818 GARDNER L. BOOTHE, 2d 106 St. Asapl Alexandria, Va. 3 MORE SOLD 0P SATURDAY & SUNDAY SILVER S orman-French Re: OR one more week, begin morrow. the Silver Star home at 4929 Rockwood Parkway. in the Spring Valley section of Wesley Heights, will be open fo the public under auspices of The Star, of- fering in its palatial form illustrations of commendable community planning, modern construction methods. stylish design, equipment and furnishing By virtue of its studied interior dec- | oration, ing to-, this Norman-French residence has been a clear demonstration of the | value of blending furnishing with house | planning in creating a_“"home.” This phase of the home has been studied by visitors with particular interest during the Christmas season when the spirit of home is paramou In choosing the furniture and accou- terments for this Siver Star home the decorators refrained from adhering closely to period designs. This was done deliberately to avoid the feeling of a “museum.” which is likely to be produced 1f every piece of furniture belongs to the same period. Dulin & Martin Co. was the decorator. | Harmony Is Apparent. | Harmony is apparent in the home from t moment of entry in the cir- cular stairway-featured hall. The stair- way and hail are carpeted with self- figured green carpet, which contrasts effectively with the prune-colored bro- cade draperies at the stairway window. | Furniture in the hall includes an American Empire settee and chair: two Chippendale chairs and a mahog- | any Duncan Phyfe console unit. These pieces are reproductions of original an- tiques in the American wing in the | Metropolitan Museum, in New York. | Centering about the fireplace as a focal point, the living room color note | is green. Green velvet portieres and green damask overdrapes at the win- dows establish this motif. The win- dow treatment is enhanced by the use of antiqued green wood cornices. Among the noteworthy pieces of furni- ture in this room is a Chippendale re- production curio cabinet. Several com- fortable chairs and convenient tables complete the cozy atmosphere of the living room. which is attained by fit- ting the furniture into the chamber designed by the architect rather than merely providing its floor surfaces with necessary equipment of a given design. | Dining Room Blended. The same system of blending fur- nishings with the room itself is aptly exhibited in the dining room, where the architect had provided pillasters | and cornice to establish early Amer- | ican requirements. Into this chamber, | then, the decorators blended furniture | of a Georgian influence. The suite it- | self is a reproduction of the pieces used | in the Mount Vernon cxmbnlmi ms t is_of sideboard was copied from an original while the chairs are copies of the Jef- ferson chairs at Monticello. ~Satin draperies of mulberry contrast favor- ably with the green carpet. Hand-blocked linen draperies in rust, gold and green conform pleasingly with the walnut paneling and shelving in | the library. A Jacobean oak table and a semi-antique rug add to the com- fortable atmosphere of this room. Similar blending of furniture and architecture is noted in the sleeping rooms on the second floor. Prominent among these is the master suite. Here Exnivit. 5512 Fourth St. N.W. Take 14th St. Cars Spacious Dinette—Tiled *Lavatory—Model Kitchen Frigidaire, copper screens, cedar closets, 6-f¢ dougle-drain- board porceclain sink, detached garage. $8‘950 L. T. GRAVATTE 729 15th St. Realtor Nat'l 0753 Home LAST SUNDAY! EN 1749 Hobart s Ny, e y.konnn & 2.Bup, Sflmi.D,,l,".,",d AR HOME REMAINS OPEN ANOTHER WEEK dence in Spring Valley Shows Value of Blending Furnishing With House Planning. All-Brick. Hone until 9 P.M. A4 rive out freet I leusan Stxteenth the cream paneled plaster walls have been blended with Heppelwhite mahog- any and blue-green draperies. A note of conformity has been established in | the use of the same pattern in the bedspreads as was chosen for the lace window curtains. The guest suite of bedroom, sitting room and bath is furnished in French provincial style, while a girl’s room is done in American Chippendale. | Only One Furnished. The Spring Valley home, constructed by W. C. and A. N. Miller, is the only one of the current series to be furnish- | ed. The house was selected for the | demonstration by a committee com- | | posed of James S. Taylor, chief of the | division of building, Department of | Commerce: Dr. Louis Stanley. chief of the United States Bureau of Home Economics; Miss Harlean James, execu- tive secretary of the American Civic Association; ‘Waverly Taylor, architect and builder. Gilbert Rodier, architect; Arthur Carr, appraiser and former | president of the Washington Real Es- | tate Board: John H. Small. landscape architect, and Rufus S. Lusk, statis- | tician. ST. LOUIS PREPARES FOR 1,000 REALTOR Audit of Current Conditions and Problems to Be Made at | Midwinter Meeting. \ One thousand realtors from various | sections of the country are expected to | attend the annual Midwinter meeting of the National Association of Real Es- tate Boards, to be held in St. Louis Jan- | uary 20-23, when an audit will be made | of current conditions and problems in the realty field. | What the depression has taught prop- | erty owners and investors about lease | values will be discussed in connection | with an address on “Appraising 99- | year Leases,” to be delivered by A. A.| McCaslin, vice president of the Cleve- land Trust Co. Current methods of appraising indus- trial property will be discussed by W.| G. Burchfield, Houston, Tex., vice presi- | dent of the industrial property dl\‘mioni of the National Real Estate Association. Two speakers will delve into the sub- | ject of condemnation appraisals. These | are Harry E. Gilbert, realty appraiser and special assessor of real estate for Baltimore, Md., and Ivan A. Thorson, | president of a real estate concern of | Los Angeles. NI NN FOR SALE SUITABLE FOR YACHT CLUB SITE 2101 Water Street S.W. 9 Rooms, Bath, Elec, H.-W. H. Situated on west bank of Eastern Branch, opposite Bolling Field. near / Corinthian_Yacht Club. Zoned sec- ond com. Priced reasonable for cash. TIGNOR & PETERSON EXCLUSIVE AGENTS 038 D LW. COMEBACK FORECAST Architect Institute Official Points to New England’s Thrift. New England is thrifty and sound, and its building industry is ready for a comeback, George H. Gray of New Haven, Conn., director of the American Institute of Architects for the New England division, declares in a forecast | for 1932, made public by the institute. Discussing _ “depressing _statistical errors” Mr. Gray expresses ihe opinion that labor in the building trade has been deflated to a greater extent than statistics indicate, and that the common | belief that office’ buildings and apart- ments are overbuilt is a fallacy. In rentals of small houses he sees a new and promising field for trust fund investments. A striking development of the depression. he believes, is the assumption by achitects of the leader- ship in the building industry. | 958,000 T0 BE COST OF PARISH HOUSE Proposed Chevy Chase Pres- byterian Structure Given Approval by D. C. Specifications for construction of a three-story parish house for the Chevy Chase Presbyterian Church at 5866 | Chevy Chase parkway have been ap- | proved by the District Government. The building is to be erected at an estimated cost of $58.000 by the J. J McDevitt Co. from _plans by Mayers, | Murray & Phillip. These plans headed the new list of private projects ap- | proved in the past week, the total cost of which is estimated at $146.350 | Other permits issued this week in- cluded the following | Roseburn Corporation, owners and builders: George T. Santmyers. archi- tect: to 2-story brick dweilings, 5529 Second street and 144 Longfellow street; to cost $36.000. | D. C. Gruver. George T. Santmyers, architect; erect one 2-story brick store and flat, 400 Kennedy street: to cost $12.000, T. M. Neviaser, owner; E. L. Bullock, | jr. architect; Charles H. Tompkins Co.. builders: to erect one 2-story brick and concrete store. 1240 Fourth | street northeast: to cost $8,000. | Schwab & Valk, owners and builders; | C. N. Norton, architect; to erect one | 2-story brick and frame dwelling, 4915 Albemarle street; to cost $8,500. W. A. Stuart, owner and buflder:‘ George S. White. designer; to erect one | 2-story brick and frame dwelling, 4615 Ellicott street: to cost $7.000. AN EXCEPTIONALLY FINE DETACHED CORNER HOME Center-hall plan, large rooms, 2 baths, open fireplace, very large kitchen with electrical refrigera- tion, finished room in attic, slate roof, 2-car built-in garage, large pretty vard. 4330 37th St. N.W. (Corner 3ith & Yuma Sts.) Ideal Location—High, Restricted, Convenient A Real Value—Open Sundav All Day and Priced to Sell! Drive _out Wisconsin _Ate. Yuma St. and east 3 blocks to house. or out Comnecticut Ave. and up by Bureau of Standards to 37th St. and north to Yuma. Wm.M.Throckmorton Dist. 6093 to Tnvestment Bldg. Only a Few Left! In This New Group of Lifetime Homes 4th and FARRAGUT STS. N.W. Note These Features: 7 ROOMS 3 PORCHES BUILT-IN GARAGE 58,950 EASY TERMS for r ente EXHIBIT HOME 8010 4th St RECREATION ROOM COLORED BATH mething different. Beautiful colored combinations. a lored fixtures. rtaining. KITCHEN DINETTE Eversibing | n!: “n e tolding aimetsa set. OPEN DAILY UNTIL 9 P.M. unak CAFRITZ vinsoso ® OVER 3,000 LIFETIME W IMES BUILT AND S0LD o \ | Estate Board. sa | or at least instantly NATIONAL IMPROVEMENT EXPECTED EARLY IN 1932 Conditions Forecast to Remain Unchanged for Few Weeks With Upswing Starting Toward Spring. Few Instances of Gains Offset by Losses. HE immediate outlook nationally in the construction industry is for an unchanged condition during the next few weeks, with an improvement anticipated toward Spring, according to & special survey prepared by the research department of R. G. Dun & Co., in a review of conditions during the past year. While considerable unevenness has marked activity in the build- ing industry this year, the few instances of gains have been more than counterbalanced by losses in other districts, the analysts re- port. As a result, total volume of work reveals a minimum decline of 30 per cent from the record of 1930, it is found. Offers of funds for building have been ample, but the general recession of activity has resulted in a decrease in the demand. Rates of interest remain” about the same as they were at the first of the year, but_there has been an inclination to be stricter in appraisements. Public constructions also has suffered, due largely to the general lack of funds and the difficulties in meeting current expenditures and liabilities, as well as for the cutting down of taxes wherever possible. At St. Louis, building permits issued for the 11 months of 1931 showed a gain of 8.3 per cent, when compare P L B L pared with the total for the In Florida, building took a running more than $2,000,000 ah. Eals decided leap forward in November, ead of the volume in November, last, REAL ESTATE BODY Ab _Indianapolis, the value of permits from January 1 to Decem- ber 1 showed a gain of approxi=- mately 14 per cent over the value for the comparative perio of 1930, & o d Syracuse Shows Gain. There also was a good gain recorded at Syracuse, and there was an increase 000.000 in the value of | building "work carried on_this year in Congress Urged to Prevent ;:(n\‘\ Twin Ci In the latter section, | ho ever, the gain ‘as attributable Unethical or |IIegaI | largel: Federal and commercial Practices. s to building. At Richmond, residential building s y on a par with that of last year, T types of work showed a de- At N more than a hl Enactment of a real estate license law for Washington will be urged at the present session of Con: Washington Real Estate B the objective of preventing th tion here of dealers following unethical or illegal practices. A license bill similar to that under discussion at the past session of Con- gress already has been introduced. Such a bill. providing for the licensing of all real estate brokers and salesmen and setting up reasons for possible revoca- tion of license, was passed last session by the Senate, but failed of passage by the House Several other bills, relating to fore- The heaviest recessi in the constructic large com- nd industrial structures, as nd tv family ) ely better than other classes of work in many parts of the country. Lack of financing continues to be a andicap to residential building, as here 15 little second-mortgage money available, and building and loan asso- ciations report that 90 per cent of their applicants h cient capital to make their equities large enough to de- closure sales, control of the sale of e consideration Insurance com- realty stocks and bonds and release of 1€s continue to accept a conserva- deeds of trust, also have been reintro- tive amount of desirable loans on low duced. Iy Discussing the several outstanding operations in the realty field here which brought a congressional investigation last session in a recent annual report John A. Petty, cretary of the Real pa 1 f g purpos: being scrutinized carefully and instances. are restricted to 50 per cent and occasionally 60 per cent of the actual value of the project under con- iderat b license 1aw. | (inye to sed for eight years, definitely would have preven! removed from tr field, the operations of a lot of pr moters and one real estate broker among the cases enumerated “Not in any of the cases during the last two years was there a single com- plaint involving the question of mortgage foreclosure procedure: neither | tories carried by dealers. Hardware Wwas there a single case involving the Drices are off. to some extent. but not propriety or fairness of our mortgage S0 much as items controlled by a wider foreclosure procedure ,ublicly presented ange of producers. Cement, lumber, to the congressional investigating com- | br and such items have declined mittee. This fact alone justifies the |Steadily in price, though not much re- pmm?n lakuon by the Real Estate Board, Cently. because distributors have not as well as the major business and pro- (Continue: S T fessional organizations of Washington— g LoC ony SeCmdzRave) a position that there is no need in Washington for any drastic legislation dealing with the foreclosure of mort- gages _“Our Legislative Committee. with a (Continued on Second Page.) build or possibilit erty val Luy homes while there is a of further declines in prop- - Price Trend Downward. The trend in prices of building ma- terials downward. although now fairly steady. wi minimum inven- New Homes Chsvy Chass B € $12.250 427 32d St. $13,750 3615 Jocelyn St. $14,500 5701 32d St. $13,950 5504 Nebraska Ave. CPEN SUNDAY Edw. H. Jones & Co., Inc. 5520 Conn. 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NEW YORK TITLE AND MORTGAGE COMPANY Capital Funds over $64,000,000 810 15th Street, N. W. (Shoreham Bldg.) Phone . Metropolitan 1900 A. W. Hoover, Assistant Secretary in Charge