Evening Star Newspaper, September 28, 1929, Page 19

"REAL ESTATE. MORTGAGES VLD HGH AETURN RATE Life Insurance Companics’| Reports Indicate Earnings | of Investments. [ The mortgage investments of 104 life | insurance companies in the United | States in 1928 yielded an average rate of return which was 062 per cent higher than the average yield of stock and bond holdings of the same com- panies, according to a study made by ! the National Association of Real Estate Boards, detailed findings of which will be published in the association’s Ann of Real Estate Practice for 1929, current volume of the annals is ex-| pected to come from the press late in November. The study is based upon figureg made public in Best's Life Insurance Reports, published by the Alfred M. Best Co. | The companies whose earnings weve the 104 leading companies. will be accompanied in the a detailed tabulation of the which its findings were taken, including for each of the 104 companie: atistics as to their total admitted total mortgage. invest- ments, tofal investments in’ stocks and bonds and gross rate of earnings on each type of invesiment. The report e vield on mortgages in- 11 the life insurance com- i uded in the study for 1928 5.49 per ¢ whereas the a\rrnnr‘ 1 on stock and bond holdings ~f | these companies was 487 per cent. In | average vield on mortgage | 563 per cent, whereas on | bonds it was 4.74 per ren'.i ese companies’ mortgage in- | vielded an average return nf pet cent. while the average return stock holdings was 4.79 per | Mid Table Compares Yields. eferring to Table I and the ac- ram it will be noted ields of stocks and a e vields on s held by life insurante com- nce 1925 have been lower than were dul the preceding fiva eompan that the av | value | volume "of mortgage per cent, in the 25 the vield on mortgages has been less than 6 per cent | in each of the three years for which | data are available. On the other hand. d be pointed ks and b 1t as far the vely. rance comparies st year showed a | strong preference for mortgage loans as | compared with stocks and bonds is illustrated in Table II in which the insurance companies . 15 have shown a greater absol se are compared with the number of companies whose holdings in stocks and bonds have i creased more rapidly than their inves ments in mortgage loans since 1925 In making this tabulation the absolute | numerical increase in figures represent- ing mortgage loans was compared with the figures representing holdings stocks and bonds. If the figure repre- senting mortgage loans showed a gr or absolute increase since 1925 than the figures representing holdings of stocks and bonds, the company was classified in the cotumn of Table IT headed "Num- ber of companies whose mortgage loans have increased more than holdings stocks and bonds since 19: On th: other hand, if the figure representing holdings of stocks and bonds showed a | greater absolute increase than the fig- | representing mortgage loans, the | as classified in the column | imber of companies who AR EVENING STAR, WASHINGTON: D. .. SATURDAY, SEPTEMBER 28, 1979, H | RESUMES ALL ACTIVITIES. | QPEN-AIR EVENSONG SORORITY HOUSE BEING ERECTED AT COLLEGE PARK New hm:ne of the Alpha Omicron Pi chapter at the University of Maryland. The cost for both land and building is estimated at $55,000. holdings in stocks and bonds have in- creased more than their investments in | mortgage loans since 1925. 74 Show Absolute Increase. “Of the 101 companies tabulated in this classification, the figures for companies indicated a_ greater absolute increase in mortgage loans than hold- ings in stocks and bonds “In comparing the earnings of mor gages with stocks and bonds, howeve! we should not overlook one very impor- tant distinction, namely. that the fig- ures representing the volume of insur- TABLE 11 surance companies on the ints invested in mortgage nd bonds in 1928, as com- Groupine of life hacis of the am Inans or stocks pared with 1925, Section of U. New England Atlaniic { North' Central 21 Nort ance company investments in stocks and bonds do not mean the sums paid for these securities, but represent the for which the company takes credit. In most instances this means that stocks and bonds are carried under the assets of the company at the cur- rent market value of these securities, Accordingly an increase in the market value of stocks and bonds from one year to another would show an increase in the amount of money invested in these securitics even though no additional in- vestments in stocks and bonds had taken place. In other words, the loans represents much more accurately the actual in- vestments of insurance companies than do the figures showing their holdings in stocks and bonds." “CHRIST’S CHRISTI ANITY." Sermon Theme Is Announced for Universalist Serviees. “The Christianity of Christ” will be the sermon theme of Dr. Frederic W. Perkins, at the service of the Universal- ist National Memorial Church in thc Ambassador Theater, Eighteenth street and Columbia road. tomorrow at 11 o'clock. The Young People’s Christian Union will have an afternoon excur- sion, leaving the theater at 1 o'clock, with an out-of-door meeting near Lang- ley, Va., at 5 o'clock. Dr. Roger F. Etz, executive secretary of the Universalist General Convention, will meet the local committee of ar- rangements for the session of the con- vention to be held in Washington during the week of October 20-27 at the May- flower Hotel, next Friday evening. il Pruning Spraying Cavity Treatment Tree Foods MAN & BILLER B o s BALLSTON VA A Beautiful Home In Clevel...d Park L 3307 s Woodley Road OCATION is ideal, over- looking the Cathedral unds and one block from John Eaton Sc}\ool. Home has been ' com- CONSU | LTATION SERVICE. ! Louisville Realtors Establish Free Bureau for Owners. A free consultation service to advise Louisville, Ky., homs owners has re- | cently been established by the Louis- | ville Rea] Estate Board. One day each week a committee of three board mem- bers is on duty at the board head- | | quarters to give competent and experi- | | enced advice on the problems of home !owners and prospective home pur- chasers. The scrvice, given without charge to home owners, was established because the board was more and more being | sought by home owners for advice on how to improve property to the best advantage, how to finance a home and other problems. = “BELIEVING A LIE.” ! Boorde to Preach at i Temple Baptist. | The subject of the sermons by Rev. T. E. Boorde at the Temple Baptist | Church tomorrow will be “Laughing at |.God's Promise” at the morning service and “Believing a Lie” for evening. The young people’s program will prayer service Thursday night | be held | | ‘Wednesday night at 8 o'clock and the | DR. WILLIAMS TO PREACH. Former Pastor Will Occupy Pulpit | at Petworth Church. ! Dr. G. Ellis Willidms preaches to-| morrow at 11 am. at the Petworth Methodist Episcopal Church, of which he_was once the pastor. | The sermon by the pastor in the eve- ning is on “Irreligious Ghosts.” The church nursery for the care of small children withse parents wish to worship | at the marning service has been re- opened. An Intermediate League for young ‘peoplebetween, the ages of 12 and 16 years, will be organized tomor- row evening at 7 o'clock. COURSE IN “.PROPHECY." Dr. C. Harrold Douglas to Conduct Series. Dr. C. Harrold Douglas, assistant pas- | tor of Epiphany Episcopal Church, will give a course of studies in “prophecy” | In the classrooms of the Columbia Bible Training School, 1724 H streef, begin- ning next Wednesday evening at 7 o'clock. |~ He will also be one of a number of | leading pastors of the city who will co- operate in teaching the international Sunday school lesson in the school each Friday afternoon at 5 o'clock. Dr. John E. Briggs. Dr. Bernard Braskamp and Dr. Charles Roads are among those who | will assist in conducting these classes. i lege Park. The chapter is planning to REAL ESTATE. L2 2 19 SORORITY BUILDING 10 COST $5a.000 Alpha Gmicron Piof Maryland | Erecting Home at Col- lege Park. of the University of Maryland, is erect- | ing a new home costing approximately | $55,000 for land and building at Col- | move into its new quarters as soon as | the project is completed, which is ex- pected by the opening of the. second | semester of this year. Construction | work is being done by Thomas E. Wat- | kins & Sons, Inc., of Mount Airy. The site is just across from the for- | mer home of the sorority, one block from the college cntrance gate, on a lot 150 by 150 feet, which has trees in | both front and back of the building. The chapter house is of Southern | Colonial style, with formal entrance’ marked by four columns running to the | aves, and is featured by a large un- | covered porch cxtending 9 feet beyond | cither side of the house and having a | 92-foot, stretch. The main portion of the first story of the building is to be | given over t6 a huge living room and | sun parlor. To the right of the iiving | room will ‘be_rooms for the chaperon | and guests. The living room will bave | two large fireplaces, one at either end | | of the room, and with library nooks on | Alpha Omicron Pi, national sorority | . | either side of the entrance. The dining room floor level 15 two | steps lower than the main portion of | | the building and forms a wing on the | left side of the structure. The dimen- | sions of the building are 70 feet by 74 | feet, including the dining and kitchen | | wing. ‘The sivle of this house is new| |to the Maryland campus, but is in | keeping with the architecture of the | | university. The building was designed | by William L Deming, architect, Washington | “Hindrances to Christianity.” At the services of Lincoln Congrega- tional Temple tomorrow morning Rev. R. W. Brooks will speak on “Hindrances to the Cause of Christianity.” The Junior Christian Endeavor Society will meet at | 4 pm. with a special program. The Senior Endeavor Society will present its ! program gt 7 pm home. 5520 Conn. Ave. Wo. 9 Leland St. This unusual and distinctive new English type brick resi- dence, located in that delightful wooded area just west of Con- necticut Avenue midway between the Chevy Chase and Colum- bia Country Clubs, embodies everything you will want in your There are three master bedrooms and two well-equipped tiled baths; large finished attic; built-in garage; oil burner; elec- tric refrigeration and many special built-in features. OPEN ALL DAY SUNDAY - Edw. H. Jones & Co., Inc. Exclusive Agents NN A OOV T BUBUBUBUTBBUTBUI UG BUGUI BV VT Cleveland 2300 LR New CORUER AR thqched rrc]es R «uied | Cleveland Park Only $16.500 UGBV | | tion of the holy communion tomorrow |in Bethlehem Chapel will be Rev. sEHVICEs WILL END Arthur B. Rudd, canon of Washington [ in Bethlehem Cathedral. The other services | Chapel tomorrow will be as follows: . G. Freel i Rev, Freeland Poter 4o Freach goven-thirty am., celebration of holy at 4 P.M. at Washington I;’,’",',"{:{’;‘,"“‘," 10 am, morning prayer Cathedral, Church of Transfiguration Ends Its Summer Program. All activities have been resumed at the Church of the Transfiguration, | Herman J. Galloway has been appointed superintendent of the church school. Matthew L. Rue has accepted the ap- pointment of church treasurer to suc- The peoples’ evensong after tomor- jrow will be held in the Bethlehem | Chape! of the cathedral at 4 p.m. each ceed G. E. Sastwell. There will be a Sunday and will be broadcast by radio social meeting of all the women in the | Rev. G Freeland Peter, canon of over WRC. parish hall Wednesday evening at 8| Washington Cathedral, will preach at Deioek, “Mrs. Ao 1C. Binsler. resident | the 1ast open-air evensong of the sea- | of the Woman's Guild, will preside. by o R ol Airid L e Ok AR ross, Washingto e se, b Services tomorrow are at 7:30 am., | Gt Witk s Wil e hrcnquan: | expenditure for the provision of avia- 1 am., 8 pm, church school at 9:30 | tion grounds. a bill has been introduced am. Rev. John J. Queally, rector, will | over WRC.. |in the House of Representatives at officiate at all services. The preacher at the 11 am, celebra- | Wellington, New Zealand. Aimed to foster commercial aviation empowering local authorities to incur e —— mm/%% NOW 1 Block West of 16th St. The Aristocratic Center’ of Washington . . . this Beautiful Residence at— 4716 Blagden Ave. 45000005 500 R 888005505 IO AT, S an air of refinement that vou awill lik when you see this home. Surrounded by others in attractive settings of beautiful lawns, carefully culti- vated shrubs and indeed in an ideal location which re- flects the aristocratic home spirit pervading therein. The unique design and construction details are bound to interest you. The 12 large rooms—3 baths and lavatory on Ist floor. two-car garage are but a few of its convenignees. We offer this house for sale at a price of £35,000.00. v R & Breuninger S Sons 211 Investment Bldg. National 2040 Realtors OPENING ANNOUNCEMENT ANOTHER NEW CAFRITZ OPERATION HALF 4 CITY BLOCK ILLINOIS AVE.——GALLATIN FACING CITY PARK 9 Sold Before Cpmpletion NTH From %9,950 INSIDE—SEMI-DETACHED—CORNERS ENCLOSED SUN PARLOR AND SLEEPING PORCH, SCREENED THROUGHOUT: FRIGIDAIRE — BUILT-IN GARAGE, TWO-COLORED BATH (some have two baths) SHOWER Overlooking two city parks and in the heart of a beautiful restricted section where all houses are new and pretty. Convenient to schools, stores, transportation, theater and many other conveniences. Never before have homes so complete in every detail been offered ple!ely redecorated, is de- tached all brick with slate roof, 4 bedrooms, 3 baths, 9 screened sleeping porches, breakfast room, large attic, oil burner and a 2-car brick garage. Very unusual circum- stances enable this home to pr 1ce be offered at this extremely $19.950 vz We believe this to be the outstanding “buy” of the year in this delightful section. Ofen Sunday 2 P.M. to 9 P.M. J. A. McKEEVER CO Realtors District 9706 at such moderate prices. Public appreciation has been shown by the sale of almost half of this beautiful group before completion. \ Inspect These Homes Today ® £x 4 3054-56 Porter- Street ]ust West of Connecticut Avenue Available for the First Time At the Price Quoted Above - ” Open and: Lighted Every Day From 9 AM. to 9 P Illinois Avenue Bus—Ga. Ave. or 14th St. Car CAFRITZ Dist. 9080 lectri These lovely homes are situated on large ‘landscaped lots amid C beautiful shade trees and having a Wooded background. —Only an in- beattion can convince you thal they represent the “utmost’ at the price asked. Two available—ONE JUST SOLD. They contain eight Dhlenaid . rooms, tile bath and lavatory, sun or, fireplace, slate splendiq tO" varuge. | Thoroughly modern in_every 'detail, jncluding FI%CTRIC REFRIGERATION and OIL BURNER. Schwab, Valk & Canby Refrig- erator 14th & K Over 2,000 Homes Built and Sold 608-9 Edmonds Bldgs nue