Evening Star Newspaper, April 25, 1931, Page 20

B—4 FINANCING HIT Building and Loan Directors Hold Practice Will Not Aid Depression. more lenient home financing hlkzd about in general by public lead- ers takes its place alongside other panaceas for business depressions such as printing money, doles or another Coxey's Army, the directors of the United States Building and Loan League decided after two days’ delib- eration at Chicago this week. Shoe-string home financing costs the home purchaser or home builder too benefit either the individual or the home-owning situation as a whole, says the resolution adopted by the league directors. A man with the money on hand to y down from 20 to 25 per cent of the g:ma cost will find loans with which to nmco the remainder, said the direc- 'x'hvy IM polnted out that homes to those who can afford tluu pereenhce of down p‘ymenb at much more reasonable prices than t& those who must borrow 95 per cent of their home costs, since experience has made it Eenenlly known that the latter have a time keeping the houses they contract to buy. When mioce than, 80 per cent of the home cost has to be met with borrowed money, the owner steps into the mire Darments and the possiotitcs of hia payments and the possi es of getting out of debt grow slimmer, it was contended. “The price of home financing has no' gone up,” says R. Holtby Myers, Los Angeles, president of the l'mmd States Bullding and Loan League. is simple enough now for a man o fl- nance his home if he is actually in & be & per- manent propos is the only way the Nation will benefit by it economically or socially—it must be a sound and properly conceived financial is made in pro- only when the e old-fashioned CONSTRUCTION WORK INCREASES IN MARCH Bureau of Labor Statistics Reveals 50 Per Cent Jump Over Cost Volume for February. ‘The cost volume of construction work for which building permits were issued last month in 347 cities of the country, having a population of 25,000 or more, represented an increase of 50 per cent over the volume attained by the same nwp or cities in February this year, to reports received by the Blm ot Labor Statistics, Department 'mm ‘was an increase of 34.4 per cent in the estimated cost of new resi- dential buildings and an increase of 74.5 per cent in the estimated cost of new_non-residential buildings, compar- ing March with February. ‘There h:“)l. slumg”howzv«, from flfll‘l arch, 1 The reports the 347 cities included in the mey showed a decrease of 11.3 per cent in total construction, a decrease of 14.7 per cent in the estimated cost of new residential buildings and a de- crease of 5.2 per cent in the estimated cost of new non-residential building. ‘Women Save for Homes. of small American homes lan- dmwomn‘m Iass represent the [ and vings act OPEN TODAY 4960 Brandywine St. 1 Block North Mass. Ave. N.W. New Detached Brick Sll 750 —buys this huntuul. $8,450 Toom brick house 'l'.h acre ot ground; fine view; more land if de- sired up to 23 acres; 12 miles from Key Bridge on improved highway. Inspection Invited S. R. Bauer, Vienna, Va. Call Navy Dopt., Branch 963 Have You Seen the Sample House? g Open to 9 P.M. 429 Nicholson St. N.W. Just Finished and Most Complete REAL ESTATE, W. J. McCaw, department store manager, is the purchaser of this six-room and two-bath colonial home, at 5325 Nebraska avenue. chased from H. P. Huddleson & Co. through the agency of H. G. Smithy Co. THE EVENING The house was pur- —Star Staff Photo. MWNARY ASKS WHEAT PARLEY DELEGATE| President to Discuss Propriety of | Appointment With Farm Board, Says Senator. By the Associated Pre President Hoover was requested yester- day by Chairman McNary of the Senate Agriculture Committee to send a rep- resentative of the American Govern- ment to the London Wheat Conf ence May 18. Following a conference with the Prm ident, Senator McNary said Mr. Hoover “made no decision, but seemed to prove of the suggestion and sald t! during the day he would discuss the | Dfl’frrew of such action with the Fed- eral Farm Board and the Secretary of Agriculture.” “At a recent wheat conference in ttended by practically Open Afternoons Evenings ‘All Day Sundays Conn. Ave. to Fessenden One Block East PHILIPS & CANBY, Inc. Exhibit Home TO BE SOLD Reasonably Priced Convenient Terms OPEN AND LIGHTED UNTIL 9 PM. ones selling immediately). win instant approval. the nations except the United States,” the Oregon Senator said “much val- uable information was obtained and now it appears that these nations en- tertained the hope that a way may be found out of their difficulties. “The gathering at London will *be attended by those nations which pro- duce an exportable surplus, such as Canada, Australia and Argentina. It is my belief the United States should‘ have representation, as it leads all oth- ers in surpluses which must be mm\ on the world markef TIMBER BLAZE QUELLED Washington Forest Fire Menace Curbed as Wind Dies. VANCOUVER, Wash., April 25 (#)- The fire menace was under control Southwestern Washington yesterd: Forestry officials id the wind died down in the Panther Creek-Wind | River district, and a fire that had swept over 3,500 acres of burned-over land and brush and snags was well :m control. No valuable timber w: e el e e - STAR, ININDUSTRY NOTED Momentum in First Quarter Is Unable to Assure Sustained Rise. BY DAVID LAWRENCE. Business news for last week, which has just been compiled from official cources, reveals a slight recession in several basic industries. While the de- cline is described as largely seasonal, it indicates that there was not enough momentun in the first quarter of year to assure a sustained rise. The business machine is compared at this time to an airplane which bumps along the ground in an effort to as- cend, only to meet obstacles that cause a descent to the ground level. After several weeks of apparent sta- bility, the wholesale price level has shown some weakness and there have been some drops in steel mill activity and electric power production. Bond Financing Held Up. General finance has been affected, in that the low earning reports, par- ticularly of the railroads, and & con- tinued reluctance on the part of banks to participate in the general investment market have brought about a continued liquidation in stocks and bonds, which, of course, held up new bond financing. While the rate of decline in business has been seasonal, it does suggest relatively a low level of activity during the rest of the month. There are al- ways, however, some gains made be- use_the business news collected here Stone Bungalow Corner lot, 108-ft. frontage, 7 rooms, bath, breakfast porch, built-in garage, screens, weather- stripped, awnings; just redeco- rated. Landscaped grounds with lily pond. No. 30 Kennedy St. at Blair Road Price Reduced— $12,900 Terms Owner on Premises—or Call Georgia 0019 NEW ALL-BRICK HOMES 34th & Garrison Streets N.W. The Best Construction Possible The Smartest Floor Plan of Today This is the second roup of these fine Homes (our first They are unique and practical, and 8ix large rooms, two beautiful baths, both with tub and shower, covered and open porches, full attic, two-car built-in garage. Special features: Double kitchen sink, attractive uhlnm Kelvinator Refrigerator, tiled entrance hall, all-cedar Wm. S. Phillips, Builder Exclusively t Realtor L 2 closets, open firepl Investment Bldg. LONGFELLOW STREET N.W. FOUR BEDROOMS LARGE. bright, airy cellar—servants’ toilet —automatic gas water heater—oversize jacketed house heating boiler—large yard containing 1,600 square feet, ample room for garden and play space for chlldren——deuched garage, no gasoline fumes in home—spacious entrance hall, livi addition to modern kitchen with ng and dining rooms, in ‘“sanitas” covered walls—linoleum on floor—outside pantry—electric refrigeration—describes the main floor. used automobiles, with some increase in output of m!fllll-l;lwlnd low-priced cars. tonnage demlnd. with ocean rates golng to a higher level. Important commodities, f course, or quiet markets md rellt.lvely little change from the g week. Wage Cuts Agitated. Summarizing reports of the first quar- ter of the year, with complete statistical information now available, the view seems to be general that the recession has been detf::luly checked so far as fundamental changes are ezmumed but there is no concealing the d of ism concerning an imm revival. Open agitation in many qu-r- ters for wage reductions is disturbing those who are depending on mass con- sumers for their sales. One of the most significant things is the lack of real apprehension about the fluctuations of the business curve, for there seems to be a general feeling that the present period of readjustment is inevitable and that some of the major industries are bound to show a decided pickup_during the latter part of the year. Thus, for example, while the in- dex of steel mill activity is declining, railroad buying and orders for struc- tural steel due to expected construction will no doubt bring a material improve- ment to the steel industry. Car loadings are not yet as encour. PRICED TO SELL 3710 34th Beautiful Cleveland Park $11,950 Brick, 6 large rooms and bath Garage Concrete front porch Many Other Modern Improvements Open for Inspection Wm. H. Saunders Co., Inc. 1519 K St. N.W. Something New!!! $9,750 Semi-detached Brick with Garage Center Hall Plan Frigidaire Lots 40 ft. Wide Visit: 1311 Shepherd St. N.E. Charles M. Wallingsford 1010 Vermont Ave, N.W, HE T 6618 FIFTH ST. N.W, TO BE SOLD TODAY OR TOMORROW Ticed this home 32 Qpner having lett clty, 001 room R A PRICE $I0.750 Furnished and Open Until Sold FISCHER & COMPANY 1427 Eye 8t. N.W. mfluummmmmmmm L T A RLAORRE TR RO ESLLO AR 4709 COLORADO AVE. Brick Strikingly Individual: Home Unobstructed View of Rock Creek Park WASHINGTON, D. C, SATURDAY, APRIL 25, 1931. [ENENT HIVE. || Golonia Home arcsca | SEASUML DERINE [ B e e Colonial Home Purchased A steady forward movement for some ‘weeks is ln textile industry, with a large portion o! c\u'um. mt beln¢ due to a bls” le lln vu!k lc- mn now eleuly drawn from data which have trickled in this '.Ik, warrants the conclusion that the fluc- tuation in business activity represents a: sustained movement in either direc-; (Copyright, 1931.) SPANKER FINED $25 | Jack Rosenberg Is Found Guilty| ot Blows on Girl, ©. A spanking which he gave & 9-year- old girl neighbor cost Jack Rosenberg, merchant’s son, of K street near Fourth street northeast. $25 when he 'u' brought before J\ld'l Ralph Given in Police Court yesf Rosenbe: n.l.d he mrely vunud Mary McLane, 1027 Fourth street mmhmt when she refused to get out of the way of his machine as he was driving it into his garage yesterday. Others, however, testified that Rosenberg pl-ud the child across his knee and spanked her amd the mother declared uut she discovered bruises on her daughter’s body. St. N.W. Semi-detached Painted cellar Double screened rear porches Repapered and painted Dist. 1016 Nat’l 2990 This spacious center-entrance- hall home of brick and stone con- struction has a commanding view of Rock Creek Park. Its very lv- able plan and superior construc- REAL ESTATE, 3309 35th STREET Immediate Possession Cleueland Park 8,634 Sq. Ft. First Floor—Center-hall plan with large living roem full depth of house, French doors opening onto covered eoncrete porch commanding beautiful rd and val- ley; large dining room, kitchen, pantry and lavatory, Second Floor—Four bed rooms (one with bay window), 2 baths. Third Floor—Complete room and bath, stere or piay room. Brick and stucco construction, downspouts. ate roof, copper gutters and Large yard for children to play in, which slopes away from street, assuring privacy and permitting rear of cellar to be entirely above ground. The cellar is bright; two deérs give direct access to yard and two-car garage. Open all day Sunday. . C. and 4. 0. Miller 1119 17th St. Decatur 0610 307 M St NE (Corner 4th St) This attractive corner brick, center hall plan, has all modern improvements. 4 real bed rooms, oak floors, lovely porch, built- in garage, hot-water heat. Small Cash Payment Open Sunday, 10 to 6 F. Eliot Middleton Realtor Investment Bldg. MODEL HOME 5604 Kansas Ave. Fully Furnished and Decorated by M. B. Moses & sm"- ;‘%"’"n' a,:.‘ 13tk E Ge. Au 6 and 7 Rooms. . . ... $8.950 to $9,250 Rapid selling of the handsome new solid brick homes in this mest recent “Variety Group” indicates value far above the average. Your immediate inspection is mow urged as several have been sold before completion and the opportunity to purchase homes of this character st such low cost is seldom offered. Varied designs; 6 and 7 large rooms, cement front and screened double rear tion will surely convince you that it is an outstanding value. ‘The first floor has large entrance hall, immense living room with stone open fireplace, sun room, large dining room, breakfast room, kitchen and first-floor lavatory. Second floor has 4 large bed rooms, 2 colored tile baths and numerous closets, There is & finished room and bath on the third floor. Oil heat, eleetric refrigeration and a to House. 2-car built-in, heated garage. fl G S fllleo Nat'l SUCCESSOR TO BUSINESS 5”4 N.L.Sansbury QU porches, builtin garages. Wonderfully equipped kitch- ens with Westinghouse electric refrigeration, Sanitas en kitchen walls, inlaid linoleum and new-type console gas range with velvetone finish. Copper screens for all open- ings, roomy cedar-lined closets, paneled walls, double eak floors throughout, naturalfinish trim. Variegated tile baths with showers and built-in fixtures, better grade wall papers and paints used throughout. Landscaped lawns, paved street and alley. Homes face 120-f¢. boule- vard and triangular park, one-half block ‘from Fort Slo- L cum Park. Near 14th street cars, schools, stores and I every convenience. voiey Broe The second floor consists of four spacious bedrooms and com- plete tiled bath with a shower. Built-in aerial and outlet for radio. Convenient to stores, schools and churches, Fourteenth Street car line within one block. Features: EVERY DAY UNTIL SOLD Price Radically Reduced Open Today and Sunday Drive Out 16th to Colorado Ave., West Sidicsue “Feftiverator. w - gr?',;a = ::*‘:r.:t’.‘ nxfiz- ) ot -oo'd m-. - 38y iocated ‘cars, 3choo o poth p-mcmnl a4 public - BECTIO! ol L 4 Salesman on Premises D. J. Dunigan, Inc. National 1265 Prlce Way Down— Terms Arranged. For'Comparison Inspect These Homes! Waple & _..I:Imea, Inc. Tower Building St. BUY WITH CONFIDENCE — BUY' A--DUNIGAN ALL BRICK HOME