Evening Star Newspaper, March 8, 1930, Page 14

INPROVED CREDIT SEEN IN SURVEY. Definite Turn From “Tight” Money Conditions Observed Throughout Country. (Continued From First Page) 0’!orx= S. Horton of Brooklyn, N. Y., wires “We have noticed an improvement in real estate mortgage conditions as far as individual mortgages for insurance companies are concerned,” Hiram 8. Cody of Chicago, states. “More com=- panies scem to be in the market today than there were two months ago.” “Yery . recently. some . of ‘our large banks and trust companies have ac- cepted epplications for mortgages and there is an indication that more of them | will do o in the near future,” James C. | Simpson of Philadelphia, states. “I am | Jooking forward to an improvement in the very near future, and expect it will keep up during the year 1930." “There is definite tendency toward | stabilization of real estate values. Our | information is that there are many | signs of improving conditions through- | out Florida.” Hollls Bush of Miami wires. New Construction Not Encouraged. “There is a disposition on the part of financial interests both local and for- In 1686 Stirred Fight With Rome Sir William Petty Used Three Methods in Reaching Total. Back in August, 1686 Sir Willlam Petty, fellow of the Royal Society, as- serted his city to be the largest in the world. He even went further and de- clared that London was then bigger than Paris and Rome put together. | These ~ statements were contained in several essays addressed to James II | then King of England, who made the | reports public. | Then the fun began! There rose up in Rome one M. Auz- such calumny. He charged Sir William | with boasting and said that the Lon- | doner had swelled his figures by count- ing in several outlying parishes not con- tiguous to the city. M. Auzout even went so far as to say that the city of Rey in Persia was then “far bigger than London.” Sir William, who was an eminent writer on “Political Arithmetic,” feeling his reputation attacked, penned five es- says, addressed again to King James, in ments and set down his methods of ar- riving at his compartive figures on pop~ ulation. On the eve of the new United States censuu-uklnr it is interesting to read how Sir William Petty computed popu- lations in the seventeenth century, says eign to tighten up in the making of ap- praisals and with regard to requirements | as to principal repayments before loan | maturities, New construction is not be- ing encouragsd except in cases where | tha contractor or owner or both are amply able to meet obligations,” Edward | M. Ashton, Salt Lake City, said. “Renl‘ estate credit situation in this territory | though by no means free is somewhat | easier than three months ago.” | “The real estate credit situation is im- feoved and money is again being put nto real estate mortgages. People are in ready to buy real estate and they | of substantial payment on their pur- chases. However they expect to be able to buy at a low price,” Julius S. Feydt, {r., St. Louis, reports. “The real estate credit situation in this community is easier now than it was three months ago,” reports Walter N. Gabriel, Oakland, Calif. “Banks, life insurance companies, butlding and loan associations and mortgage concerns have funds available for building financ- | ing at lower rates than last year.” i W. H. Bosley, Toronto, Ontario, wires: “Tendency for rates to increase from 612 to 7 per cent. Three months aj loaning companies had disposed of 1920 funds. Now accepting applications for money availabls 1930.” Sectional differences in general credit conditions -are observable. The North Central and Pacific -Coast States report the most generally satisfactory supply of mortgage money. In the New Eng- land section, where 15 replies indicate a somewhat easier situation, 8 reported approximately the same situation as two or three months ago. Better Credit Situation Seen. In the East North Central section 14 replies gave reports of a better credit | situation. In this section there were 8 reports that the situation was the same and 3 that credit was tighter. In the South Atlantic section 6 replies in- dicated an improvement in the situa- tion. Nine cities report a situation the same as for some months past. In the East South Central section 3 of the re- ports were of improvement and 1 report of ~onditions worse than three months ey In the West South Central section 6 replies were of a definitely easier credit situation; and 4 of an unchanged con- dit'on. In the mountain section 2 re- | plies were of an improved condition, 2 | of a condition not as easy as some time ago. In the Pacific section 16 replies | were of readier investment funds. In | this section there were 4 reports of | & satisfactory condition and 1 of a less | satisfactory condition. Ly TR RS Kansas City Survey. ‘The second annual real estate market survey of the Kansas City (Mo.) Real Estate Board is now under way. Fol- | lowing its previous survey, the Kansas! City board was able to secure refusal | on loans for building projects in which | the survey showed a temporarily over- built condition. | Put papers between the glass and the seed pots on cold nights. | CLELEAE LML LT 1 e g An Unusual Home Just Completed Under Owner's Supervision o e e e b g e g o 1 M hsh e Stearn. the P‘;ltlonll Association of Real Estate rds. ‘The authority on “Political Arithme- tic” checked his figures in three ways: | He ascertained the number of dwellings in the various cities studied and the number of families and people living in | he used the | han houses are being started and com- each dwelling. Second, number of burials “in healthful times” and compared the number of people who lived to the number who died by multiplying the death rate by the burials. But d into his calculations for some years—for instance, in 1665 ninety-eight thousand people died of the plague in London, according to Sir Willlam's au- thority, “Grant.” Thus different meth- ods were used for the plague years. Sir Willlam had set the population of London at 695718 in the first essay. and in spite of many rough guesses and absurd conclusions in obtaining the pop- ulation figures in three different ways | he was able, at least on paper, to obtain practically the same figures by each method. Florida Building Totals. Permit compilation of the Florida State Chamber of Commerce shows that Florida cities’ building totaled $1,652.837 in January. Tampa led with $409,108: Jacksonviile second, $273.960: Miami Beach third, $231,815; Miami fourth, $212,953, and Pensacola fifth, $152,320. Ave. 1418 Eye St. N.W. out, ready to defend his city against) which he reiterated his earlier state-| plagues and pestilence en- | | being sold. | more than it should be, and that when | this number has been reduced to about Near Walter Reed Hospital In 16th Street Heights Detached Home, $11,250 1208 HOLLY STREET N.W. One of the lowest priced entirely detached homes to be found in this delightful section, adjacent to Shep- herd Park. Wonderful lot—142 feet deep, several bear- ing fruit trees and a variety of shrubbery. did condition, attractive living room with open fireptace, 3 fine bed rooms, tile bath, oak floors, entirely modern. Outstanding Value—Exceptional Terms OPEN SUNDAY ALL DAY Reached via 16th St., bear right on Alaska to Holly St. turm rioht to house M.é,fl&ansfiury QH NY INC. NING LUSK ESTIMATES RESIDENCE NEEDS 4,000 Units Is Held to Be| Maximum That Can Be Built and Absorbed. (Continued From First Page.) STAR, WASHINGT! , SATURDAY, MARCH HEAT BILL IS OPPOSED. Pending Proposal. Special Dispatch to The Star. BALTIMORE, March 8—The real estate board is opposing an ordinance nding in the city council which regu- ates heat. temperatures of all apart- ment houses and has asked for a public hearing. The board, according to Cleveland R. Bealmear, president, contends there is no justifiable demand for such a heating law and that the proposed law is impractical, would cause a large economic waste, tend to increase rents and serve as a needless trouble maker for landlords and tenants. during the same period of 1929 over | 2,200 were completed; 1928, 1,600; 1927, | 2,700 and 1926, 3,300. It should follow that the lesser volume should take up some of the slack in the apartment vacancy and the number of unsold new houses on hand. “On January 1, 1930; there were 1,116 new housss on hand, which was almost 200 more than were on hand on Janu- ary 1, 1020. This number should be reduced, however, by about 80, which is approximately the number of new houses that have been. taken off the market by being rented instead of “The number of new houses that are now on the market probably will decrease month by month for the next five months. e number of houses that are being finished each month is less than the number being sold. This fact, however, should be borne in mind: That the number of houses on hand is six or seven hundred, it will be a more normal figure than the present number of over a thousand. The probabilities are that on July 1 there will be about 700 finished new houses for sale. “For the first two months this year sales continue to be quite a bit faster pleted. 1In fact, for the last five months the sales have been better than during the same period of 1928 and 1929. While sales have not been as large as it might be hoped, at least homes are being sold faster than they are being built. It is also interesting to.note that during the last three months of 1928 it took on an average of over 12 months from the time a house was started until the sale was recorded. whereas during the same time of 1920 the average time was 10.8 months. i “For the first two months of 1930 the average time to sell a house was 10.7 months, whereas for the same two months of 1929 it was 124 months. Houses are selling quicker and in greater number than a year ago.” Buys Detached Residence. The Woman's Clinic, through its treasurcr, Mary Thompson, has pur- chased the detached residence at 4704 Georgia avenue, which will be the future home of the organization, it is reported by McKeever Goss, which handled the transaction, All in-splén- Natl. 5903 BUILDING PLANS 0.K.D BY ARCHITECTS’ JURY Place Approval on Structure of Five Dwellings and Four Commer- cial Developments. Plans for five dwellings and four commercial developments have given an “approved” rating by a jury of the Architects’ Advisory Council, a voluntary body composed of members of the local chapter of the American Institute of Architects. The rating in- dicates the opinion of the jury that the design for the structures “meets the standards which should be maintained ;‘t:’rwprlvnte buildings in the neighbor- The jury approved plans for a laun- dry building to be erected at 1021 Twenty-seventh street for Charles Jacobsen, as designed by Robert O. Scholz, architect; for a gasoline station to be erected at 5404 Wisconsin avenue for Louise B. Mazza from plans by the Shell Eastern Petroleum Products, Inc.; a dwelling at 6412 Utah avenue for F. A. Murgia, owner and designer; store at 1601 Maryland avenue northeast for Hechinger Co., Inc., from plans by Louis T. Rouleau, architect. An automobile service station to be erected at 936 Forty-fourth street for the Conti tal Oll Co., owrter and de- signer; two dwellings to be erected at 419-423 Oneida place for C. H. Gaskins from plans by George T. Santmyers, A charming b g g g g g to *second house = LA LCLEA L LA L N.E. Cor. Prospect & Montgomery Sts. Friendship Heights, Chevy Chase, Md. This }\ome. conuining eleven rooms, five lavatories, two bathu. has been designed for elaborate entertainment and the most economical maintenance. Approximately 12,000 feet of ground with extensive gray granite and limestone masonry, terraced lawns with lfly pool. shmbbery and a two-car built-in garage. This splendid ‘home is entirely different from anything that has been shown to the buying public in recent years and is very unusual in its location, con- struction, design, and extremely high elevation overlooking parts of Virginia hills and Maryland and parts of Chevy Chase and District of Columbia. Will be open, heated, lighted, and furnished for display Sunday from 10 am. to 9 pm. and any time thereafter by appointment with owner, A. F. Phone West 1517, TO REACH—Drive out Wisc. Ave. one square beyond D. C. Line, turn left into Friend- ship Heights on right - ¥ ¥ [ T 1l T T [ [ T L T v T T [ ¥ [ ¥ ¥ 1 T ¥ ¥ T I [ [ ¥ ¥ ¥ ¥ ¥ ¥ ¥ T [ 1 [ [ [ T i T [ ¥ [ [ [ 1 features. OPEN Baltimore Real Estate Board Fights | been | architect; road for the North Wi Co. from plans by Howard W. Cutler, and a dwelling for 3112 Twenty-sixth street northeast for Phifer & Vaughn from plans by W. Walter Vaughn. ALLEN TO SPEAK. | Kansas Senator to ATddrels Balti- more Realty Board. Special Dispatch to The Star. BALTIMORE, March 8.—United States Senator Henty J. Allen of Kan- sas will make the principal address to- | night at the fourteenth annual ban- | quet and entertainment of the Real | | Estate Board at the Belvedere Hotel. Among the guests be Gov. | Ritchie, Mayor Broening, Attorney General Thomas H. Robinson, Adji. Gen, Milton A. Reckord, Howard #Bry- | ant, City Solicitor A, Walter Kraus, State Senator David G. MecIntosh, | United States Senator Millard E. Tyd- ings, Representative J. Charles Linthi- | cum, W. ¥rank Roberts and Alfred H. | Lawson, president of the Washington | Real Estate Board. $9,850 New Semi-Detached English Gable Home < 2309 38th St. N.W. All brick. 6 bl a . bull 3 dwelling for- 1337 Locust Realty Well situated, on in Glover Park, ad) Ave. Helghts. Drive out Que or R St. to 37th, north to Tunlaw Rd.. turn left on Benton to 3ath St. Look for Cooley Bros.' sign. Home opel daily until 9 p.m. | ealeyleee ‘ Tower Bldg. Nat'l 9240 | In the Shadow of St. Alban’s Cathedral e REAL ESTATE Colonial, detached, stucco home of center hall plan...ona high elevation opposite President Cleveland's old estate . . . convenient to schools, stores and ‘transportation + .. Deep landscaped lot, 11 rooms, 3 tiled baths, 3 covered porches, 2-car garage with privne drivewny o oo Junt refinished throughout, many delightful ND LIGHTED UNTIL 9 PM. Reached from Connecticut or Wisconsin Avenues W. C. & A. N. MILLER REALTORS—DEVELOPERS 1119 17th Street Decatur 0610 EXHIBIT HOME 1327 Kalmia Road o floor plans car built-in Open Sunday (beyond Walter. 1418 Eye St. One of the newly completed homes in this outstanding development of mod- erately priced homes, surrounded by re- stricted development. eral distinctive designs and appealing consnjuction, three and four bed rooms, two tile baths, large attic insulated with Cel-o-tex, electric refrigeration and two- Prices range from To reach: Drive out 16th Street to Kalmia Road Reed), NodeSansbury Owners—Builders A choice of sev- is offered. Brick and frame garages. $18,750 up turn right to houses. Nat'l 5903 $16,500 6507 Ridgewood Avenue A brick center-hall Colonial in a perfect wooded setting at a price which will command your immediate attention and interest. ' Four bedrooms and two tiled baths; stairway. to floored attic; break- fast room; built-in garage; slate roof. NEAR SCHOOLS. OWNER LEAVING CITY, MUST DISPOSE OF THIS PROP- ERTY IMMEDIATELY—HENCE THIS LOW PRICE. OPEN FOR YOUR INSPECTION ALL DAY SUNDAY To reach: From Conn. Ave. go west on Thornafple St. 2 blocks to Ridgewood Ave., turning right to property. Edw. H. Jones & Co., Inc. 5520 Conn. Ave. Bxclusive Agents Cleveland 2300 Exhiit Home No 3608 V Nes treet Open All Day Sunday NEW group of strikingly individual English type brick homes—containing 6 and 7 spacious rooms—2 baths. Their com- fortable plan, with many interesting and out- standing features, challenge every exacting demand within a popular price range. Schwab, Valk & Canby 3 & 4 Large Bed Rooms 2 Tile Baths Sto“c Fireplace 3 Porches 1704 Conn. Ave. Attic Electric Refrigerator 2-Car Garage Large Lot Potomac 0830 ~ OUISTANDING OFFERING IN BETTER HOMES A Real Buy In Petworth $8,950 This 1s a splendid 20-tt - . con- nie 18, &, Splendig, 20.¢ wide brick house. con 410 uppe, odern AR i Aeet-Clase o n first-class condition; sarage. Paved street and alley. Located in_ideal section close, to, Aodiers’ fitime Bark Toonveniens b lers’ stores, street cars, Washington Heights Only $10,750 ated on 20th Street, mear Columbia Road, in tngton Heights, this semi-detached brick house. containing § larse rooms and bath: and “all modern appointments. including double back porches, is the buy of the year in that section. Splendid Buy in Mt. Pleasant $8,500 A very attractive 6-room and bath brick house. porches, mo throughout and in soed copdi- ton. We believe this to be the outstanding offer- ing in"the very desirable M. Pleasant section. Chevy Chase, D. C. $15,950 This is & most remarkable new, all-brick, de- ached Golonial House: eontaining & bed rooms. 3 on_the second floor. every modern. ap: d, convenience, located in-an exced legirable section. 'Convenient terms can oint; - lona be arrang Chevy Chase, D. C. New Center-Hall Brick This we believe is tI o8t outstanding new- potise offering in best_Ohevs Ghase section. I 1 d rooms on 3nd complete baths. ind 2_bed r nd or o and 1st vatory. 2-cAr garage on large 1t can be d ,ou"l."'l'- a price less an you could build it for Near Walter Reed Hospital Only $14,750 Splendidly bullt 9.room and 3-bath new house. unusual in design and ‘xceptionslly built.” Terms, $1,000 cash and $100 per month. briek well Chevy Chase, D. C. Eight Rooms, Two Baths, Brick Only $16,500 has four bed rooms and two baths. Splendid section, adjacent to schools, stores This fine new ‘brick ho oy bed T and transportation. = 3-car & Evening Phone Service Until 9 P.M. - MPEERA805G S. E. GODDEN, Sales Manager 1415 K St. N.W. Nat'l 4750 ROBT. L. McKEEVER, President EARL E. GOSS, Vice President P —