Evening Star Newspaper, April 17, 1926, Page 22

22 REAL NORTGAGEBONDS CROVINGINFAVOR Total of $146,349,500, First Quarter 1926, Invested in ESTATE. piled, it is estimated that new flota- tions In March will exceed $50,000,000, as compared with $53,929,200 in March, 1925. These figures do mnot include the scores of smaller local houses spread throughout the coun- try which are daily underwriting mortgage bond fssues ranging from $50,000 to $200,000. The enormous growth in real estate financing 1s attributed by G. L. Miller, president of G. L. Miller & Co,, to be largely due to the unprecedented de- velopment of the building industry and the fact that the investing public THE EVENING STAR, WASHINGTON, D. ¢, SATURDAY, APRIL 17, 1926. mortgage {nvestments during the last year was $21,857,900. Statistics announced by the Associ- ation of Life Insurance Presidents show that life insurance companies have invested in mortgages $4,217. 730,000. This is 40.6 per cent of the legal reserve of the leading life insurance companies esented by the association, and a gain of 8.9 per cent over 1911. On the other hand, life insurance investments in stocks and bonds have declined and at the present time only comprise 40.2 per cent of the total, having fallen from 37 per cent of the total 14 years ago. SECTIONAL FRIENDSHIP IS URGED BY LENROOT Warns Btock Exchange Association to Beware of Western Radicals and Eastern Reactionaries. By the Associated Press, YORK. April 17.—Warnin; in the West we H many radicals, and you ha many reactionaries in the East, and night urged the meeting of the Asso- clation of Stock Exchange Firms to promote friendliness between the East and West by “doing what you can to see that the railroads give service to the public and a fair return to their stockholders.” He pictured the con- servative speculator as a useful citi- zen and asserted that “within proper limits speculation tends to stabilize prices.” He deplored the practice of issuing non-voting stock whereby a few per- sons can control a large corporation, and said that unless this is stopped “abuses will creep in and the investing REAL ESTATE. CHEVY CHASE TERRACE, MD. Overlookmg Chevy Chase Club Grounds we must beware of both, Senator Irvine L. Lenroot of Isconsin last public will lose confidence in corporate stock and securities.” UILT HOMES Anacostia Shannon Place, one square to Anacostia Street Car Line 20 Built—17 Sold Brick homes, six rooms and tiled bathroom. front porch. Double rear porches Built-in garage. LOW PRICE—REASONABLE TERMS i Turn off Nichols Avenue at Police Station. WM. P. NORMOYLE Realtor also taken kindly to real estate jes whenever they have been assured of the legality and conser- vativeness of thelr Issuance and of the guarantee they contaln Mr. Miller sald the supply of capital o for building construc. & was probably greater 110 18th St. S.E. containing Realty Securities. The demand for real estate securi- ties has been phenomenal during the first quarter of 1926 and the volume of new flotations in the United States | tion financ for this period was by far the largest |than at any other time In the history to :al estate development. He sald, by the building conatr that the real estate bond of G Lo Ml realize the importance they national real estate facto and no one who is true to his trust will knowingly participate in the new capital | economic blunder of overproduction _|or in any way jeopardize the safety ant | of the investment of the thousands of investors in this type of security.” Beautitul home, six rooms and tile bath, closed- in sleeping porch, hot-water heat and ull modern improvements. Must be sold. Open All Day Sunday Columbia Construction Co. 521 Irving St. NW. Columbia 7979 izing in buildin struction financing. 3 Al amount of e mortgage bond en by leading uring January, it was estimated, approximately $146,349,500. Tesents a gain of about over the same period early three times I Savings Bank Statement. Colonial The State SBavings Bank Associ- ation of New York has just made > [ public showing ~that onf|_ ty issues for the when the volume . Garages and Service Stations ctive array of stations for imn . during since the war. y that time, practically all of the creases in deposits and the funds for ve been placed the s durlng unlike: nd for |¢ tes to and the public demand nds is increasing. | d-breakin . $700,000,000 a in 192 et aan exceeded depends upon 1ding o theus Rt Stk e BENe financial institutions increase in year. Actual Figures Now at Hand. Actual figures now at hand show that_the leading Investment houses of the country during January and February underwrote real estate mortgage bond issues totali 219,500, as compared with $7 §n the same period in 1925 ®ccurate figures have not been com- garazo diate 0 of theso are splendidly g conenrng and are offered, for best sons, at less than the value of the_real estate. Full Particulars on Reauest WALTER A. BROWN 1400 H St. N.W. Phone M. 1633 ment of State rtgages alone, | Ao o 810 F St. N.W. Main 2255 il On Chevy Chase Boulevard, Just West of Wisconsin Ave. Detached—on lots 50x130—2-car garages Elegant Brick & Stucco homes with 8 unusually large rooms, 2 tiled baths, 2 fireplaces, inclosed porch, oak floors throughout, instantaneous water heater, hot-water heat, electric lights. An inspection will convince you that this is the best buy for the money on the market today. OPEN FOR INSPECTION J. BENSON THOMAS CO. Real Estate Financing 819 15th St. N.W. OWNER OFFERS New Takoma Bungalows COME OUT SUNDAY i 8 ARTISTIC BUNGALOWS—4 DIFFERENT PLANS [ Drive Facing Two Parks 2114-2130 Minnesota Ave. S.E. DRIVE ACROSS PA. AVE. BRIDGE TO MINN. AVE., TURN RIGHT TWO BLOCKS AND INSPECT THE BEST VALUES IN WASHINGTON Light tapestry brick, 6 rooms, bath, hot- water heat, electricity, concrete front porch, 2 rear porches, oak floors, hardwood trim, built-in garage and built-in refrigerator. These homes face 2 triangular parks, are modern in every detail and attractively financed. Moderate cash payment. Inspect them today or Sunday. CUVIER A. METZLER Dependable Service - Main 89 1106 Vermont Ave. Sunday and Night Service, Adams 620 7 Fe Fe e s e Ak de Aok ek Main 8416 For the PLASTERER Hardwall White Finish Plaster Paris Adjustable Trestles Tarpaulins Nails Metal Lath National Steel Fabric Plaster Boards FRIES, BEALL & SHARP 734 10th N.W. 4th and S N.E. 5th and T N.E. Main 1964 It’s Almost Incredible FOR LESS THAN $18,000 Three H squares abore Bradley Lane— south of Columbia 4 superb location, hailf @ square west of Connec- ticut Avenue Now Ready for Your Inspection All bungalows have large rooms—sleeping porches— open fireplaces and brick mantels and large lots. DESCRIPTION If you can appreciate an artistic home, well designed, with first- class materials and fixtures throughout, do not fail to see these houses at once. Have five and seven large rooms (2, 3 and 4 bedrooms), tile bath with builtin tub, open fireplace, a large sleeping porch, front | porch, attic and large cellar. Every convenience, including hot-water heat.” Large, well graded lots. Shade trees. Located near District f| schools, library and stores and west of railroad. Prices are right. Easy terms. No less than 50 feet wide by 148 deep to alley, ¢ Location—5th and Whittier Sts., west of railroad Near Takoma’s New 5-Acre Park Only two blocks south of Fifth and Butternut streets, near Ninth street and Fourteenth street car lines. H. L. THORNTON, Realtor Owner and Builder ; Office, 6904 4th St. Takoma Park, D. C. OPPOSITE TAKOMA THEATER Office Phone, Adams 5254 Home Phone, Col. 4957 WEEK DAYS PHONE FOR AUTO Deal With a Realtor | | e Y e e 7 T T e sk e e sk ke sk sk sk sk e e ek ok ks ek ke ke ke sk A R ek ok ke skok ke ok sk kedokok ok CHEVY CHASE, MARYLAND ND I can buy such a home as this for $17,850?” That's what you'll ask when you've seen this entrancing new residence and learned its amazingly moderate price. The location is one of the finest in all Chevy Chase, in the heart of the most desirable residential section. And the home i i is new, thoroughly modern and replete with every imaginable comfort and re ment. It is of the center-hall type, with sev spacious rooms, two ti storage attic, automatic storage water heater, cak floors throughout, conc porch. special electric fixtures, charming open fireplace, gara ch the house and large grounds with rare trees and fine shrubbery. There is no ion that this splendid dwelling is the lowest priced of its type in Chevy Chase OPEN ALL DAY SUNDAY! DOESHELPS 1417 K Street Main 9300 Member of Washingt on Real Estate Board CHEVY CHASE A New Subdivision Now Being Platted for Record 20% Discount to Early Buyers Pending Completion of Sireet Improvements § 43 Prettiest Homes in the Northeast —where you are close to every convenience—but away from the congested district. QUINCY TERRACE “Little Estates Where You Can Revel in Comfort and Happiness” Quincy and 22nd Streets N.E. We have designed some beautiful Cottages and Bungalows—for this exclusive Kite community. They are of splendid size; most practical arrangement— and built the Kite way—with detailed thoroughness. Make your choice of the various types. Some have dining rooms—others the cozy Pullman alcove. All the rooms are large—tiled bath; all the service and lighting fixtures are of the most modern character. Each Homze is surrounded by lawns that are pret- tily planted; and deep rear yards. $5,950—6,650 —sold upon specially easy terms OQur Mr. Hamilton will be found at the Sample Home— every day and Sunday; or phone him, Cleveland 1490, for appoint- ment. YOUR OPPORTUNITY | IS HERE Under our special arrangement for financing you can build a house according to your own plans at a location which you select— and if in Chevy Chase, the best location possible to select in the District of Columbia—pay for it monthly like rent, and save 209, of the total cost. Only a small amount of cash is required in ad- vance. Let us explain the proposition to you. Chevy Chase is located due northwest from Washington. When you buy in Chevy Chase you buy more than a lot—you buy the result of 30 years of continuous successful development embracing all conveniences and improvements known to modern subdivisions. From now on values will likely advance much faster than before owing to greatly reduced available properties to offer. We Are Exclusive Agents for the Chevy Chase Land Co. If You Desire a Home in CHEVY CHASE Let Us Know of It 3802-4 Fulton St. N.W. —TO PURCHASE AS PERFECT A HOME AS CAN BE BUILT. Semi-detached bricks, eight rooms, two fully-equipped baths. and shower, inclosed sleeping and breakfast porches. Beautiful oak floors, copper screened and weather-stripped throughout, all closets cedar lined, built-in garage. All materials and workmanship of the finest. Plumbing and electrical fixtures compare favor- ably with any in the city. Houses erected by experi- enced builder with day labor only. TInspect today. Open from ngon until 9 P.M. To Inspect— Drive out Mass. Ave. extended to Fulton §t., west on Fulton St. St. Take Tenleytown car out Wise. Ave., or 42d and at Dupont Circle. Take G_Street cars—leaving Treasury Department—to Rhode Island Avenue and 22nd Street NORTHEAST—and a pleasant walk north to Quincy Street—and our Quincy Terrace sign. Built, Owned and For Sale by « e Harry A. Kite Member Wuf:::::opflo::dzlhld Board Main 4846 to 38th Fessendon St. Bus JOS. A. HERBERT & SONS 1013 15th St. N.W. » Main 4590 £ ) PIPREPRPPRERETETTTRTTER R SA RS SRS S oo S € 9.0 2. 882000008088 2.0888088¢ ¢ 0¢es2¢ RN NI XK j PPPPPPPRTT TR T TP EET TP PP TP PP TP PTTT T e T T PR PE T AR AR DA TR ARA PR AR AR A S RS R SR s 2 LA A AR R AR TR Y e e e e s s e e e sk sk sk s ke e ke sk sk s ek e Aok ok ek stk ek e e e 1k e sk e ok ok ke sk ke e At Aok A ek e e kb ek ok ok Thomas J. Fisher and Company, Ine. 738 15th St. N.W. & Main 6830 S 2 e et e s e e essseeeressseeessssesssssssssssssssessssss s * NN NN NN YNNI NN NN IR »* R R R R R R R R R SR R R SR R R R R R LR R LR R SRt R R YR SR SR SR Y AR & r P 8.0.0.2.0.0.0.8.60.0.8.00.808.0.8.0.0.0.0.0.0.8.90.0.0.9.