Evening Star Newspaper, January 16, 1932, Page 18

REAL ESTATE. 1419 Spring Rd. N.W. (Now Open) Six large rooms Southern exposure Modern and attractive Flawless construction Ideal location Sacrifice price See it today! Robert W. Savage 717 Union Trust Bldg. Nat. 6799 435 Ingraham St. N.W. 6 and 7 rooms. 2 baths front porch. screened d lot, paved street and modernly equipped kitchen breakfast dinette. 1318 Allison St. N.E. g-room home in gan Manor. A row hous detached community be. pa: section. $8,95090 up F. B. MILLS Builder Ga. 4946 or Ga. 1123 ry Tns| 8 ROOMS—2 COMPLETE BATHS—SEMI- DETACHED BRICKS Facing “Fort Slocum Park” Sample Open to 9 P.M. 5724 3rd St. N.W. Between Madison and Nicholson Sts. You will find many added and attractive features in these Homes which make them most complete! YOUR EARLY INSPECTION INVITED! 10 Built—7 Sold Waple & James, Inc. 1226 14th St. N.W. North 0962 Homes of Superior Con- struction on Large Lots 158 Ft. Deep d Seven Room Homes—South- 3 “hiposure—Furnished Complete by PALAIS ROYAL. 411 to 439 Hamilton St. N.W. Built by Chas. W. Morris & Son Sample House 435 Hamilton St. N.W. ‘olored tile bath rooms with flow- red Ranitas to match: spacious tiied favatory master bed room: Ox ombination kitchen cabinets in . with enamel way din- ge; inlni oak ~floors, Seree paved m 10 AM. to 9 PM. Daily A. H. PARKER . 3917 _or Col 1790 street If you buy a house in 1932 be sure it has 1932 features 324 17th Place N.E. —is & model home. Of course it has all modern con- veniences, the latest improve- ments and modern decorations. It's built better and arranged more thoughtfully. The rear upper rooms and tiled lavatory may easily be con- verted into a private apart- ment. Really, it's hard to understand here, how so little money can buy so much house. Be sure to see it to Open to 9 P.M. ROBERT W. SAVAGE 717 Union Trust Bldg. NAt'l 6799 NOW READY FOR YOUR INSPECTION! 6814-6818 9th St. N.W. Open Daily to 9 P.M. DETACHED ENGLISH HOMES! of Brick and Stone Construction ted Slate Roof Deep Lot with Two-Car Garage 6 and 7 rooms, spacious liv- ing room with artistic stone fire- place, large master bed room, 2 complete baths, beautiful interior decorations and electric fixtures, kitchen—Sanitas and tiled walls, inlaid lnoleum, Quality gas range, electric refrigeration. FOR IMMEDIATE SALE Terms Arranged! | Your Prompt Inspection Invited | Buiit by S. EIG CONSTRUCTION CO. | | Waple & James, Inc. f 1226 14th St. N.W. North 0962 BOARDS 10 STUDY {Midwinter Convention, to Be | Held at St. Louis, Will Hear Classification Scheme. | A definite proposal for the “certify- | ing" of real estate appraisers will be |1aid before officials of the National As- sotiation of Real Estate Boards at its annual midwinter convention, to be held | next week at St. Louis This is a plan, under consideration | for several years' in general principle by officials of the national body, which is designed to present recognived and | standardized classifications for realty | appraisers. In the past two years more and more attention has been centered on the mat- ter of appraisals in real estate opera- tions as being a key to the success of such investments, and one in which the | public as well as developers and brokers are directly interested. Committee Studies Plan. A committee of the national realty | organization has been giving the pro- posal for certification of appraisers of { property study port to the directors of the association next Tuesday at St. Louls. They will | recommend the practicability of the | plan, which is somewhat similar in | principle to the registration of qualified | architects as required by law in many | sections. Members of this committee are Philip | W. Kniskern of New York City; George | Gray, Brooklyn, and Harry E. Gilbert | of Baltimore, representing the Commit- tee on Certification of Appraisers; Peter Hanson, Glendale, Calif ; Richard King, | Minneapolis, and S. Charles Iversen, | Chicago, representing the appraisal di- vision of the national association, and | August Sehrt, Milwaukee; Stephen W. | Sleeper, Boston, and Ward C. Gifford, | Kansas City, representing the realtor association directors. The proposal was laid before the na- | tional Board of Directors at the past | November meeting, and since then ad- ditional study has been made of the | matter. Owners to Deliberate. | Features of the annual convention, | opening next Wednesday, will be ap- | proximately 50 addresses by students of | finance, taxation, selling, architectural design and the farm market, all speak- ers being actively engaged in business at the present time. One event of the three-day session will be & convention of property owners | who have affiliated with member boards of the national realtor organiza- |tion. An extensive program has been outlined for the first time for these non-realtors who have jolned realty boards to protect their interests in con- nection with the fight for tax relief for real estate owners. State Senator Joe Rand Beckett of Indianapolis, Ind., will discuss the tax situation in Indiana, and John J. Car- roll, Chicago banker, will present a study of “The Present Record of Real Estate Investments.” Sonnenschein to Speak. Phases of realty finance will be dis- cussed by several speakers, including Edward Sonnenschein, Chicago attor- ney, on “The Influence of Usury Laws on Real Estate Financing”; Oreon E. Scott, St. Louis, Mo., on “Reviving Pub- lic Confidence in Real Estate Securi- ties,” and Charles W. Carlson, vice president of a Pennsylvania mortgage company, on ‘“Justified Mortgage Loans.” L. T. Stevenson, Pittsburgh, Pa., pres- ident-elect of the National Association of Real Estate Boards, and other new officers, divisional chairmen and com- mitteemen will be inducted into office next Priday. INSURANCE LOANS TOTAL $150,214,840 Prudential Company Reports That It Disbursed More on Dwellings Than Other Loans. A disbursement of $150,214,840 in real estate mortgage loans was made during the past year by the Prudential | Insurance Co. of America, according to & report from the Newark headquar- | ters, issued here today by the H. L. Rust Co, Washington loan corre- spondent The loans were general in scope and tory of the United States or Canada and were made on dwellings, apart- ment houses, mercantile buildings and farms, the report adds. As 'in previous years, the loans on dwellings were greater than on all other properties taken together, this class of realty showing 15390 indi- vidual loans for a total of $82,833,631. The dwellings involved provided living accommodations for 17,312 families, There were 602 apartment loans for a total of $11,214,548, these buildings providing quarters for 5279 families, |" Loans on 245 mercantile and other | city properties not used for dwelling purposes totaled $33.866909. There were 4638 farm loans for a total of | $22.299.750. § § 2 : ft. Phone Ga. 3812 APPRAALS PLAN not restricted to any particular terri- | THE EVENING STAR, WASHINGTON, D. C. SATURDAY, JANUARY 16, chased from the Columbia Construction H. Saunders Co,, Inc. Home of Mr. and Mrs. C. W. Hogarth, at 2706 Military road, recently pur- It contains seven main rooms and two baths and has a and will present a re- % two-car garage. The property faces the Newland estate. N Co. through the agency of the Willlam 'BULBS SHOULD GO SLOWLY INTO SUN | Usual Length of Time t& Blossom | of Plant Is About Three ‘Weeks, Says Expert. BY ELLEN EDDY SHAW. When bulbs are brought from the | darkness into the light they should go | slowly into direct sunlight. As soon s | ibuds appear on the bulbs put them | into the direct sunlight. Usually the length of time from the taking out of the dark and cold to blossoming is about three weeks. The length of time of any blossom depends largely on the bulb itself. Oftentimes our hya- cinths will last quite & long time, while crocuses last only a short time. Some- times a bulb will send up a second flower stalk. Regardless of this, what are we to do with these bulbs which have been 80 forced? For all pot culture of bulbs comes under the head of forcing—that a great deal of life and vigor is taken from them. Bulbs which are planted in the outdoor garden are not forced. They lie quietly throughout the Win- ter season down in the ground waiting for their time to come, and gradually sending out their roots and getting ready for the Spring opening, which is very normal. So when these bulbs are placed in flower pots they are urged away from their natural bent. Tnexpensive bulbs like paper white narcissus when forced in stones and ‘water had better be thrown away after bloom. Their life is practically over. But bulbs like tulips and hyacinths, some of them expensive and fine vari- eties, should not be cast aside when the blossoming period is over. Allow the bulb to go on drying and fading for a week and more. Water it only occasionally. Keep it this way until the whole family rises up in arms and insists that these bulbs be gotten rid of. Thed keep them a little longer. When the patience of the entire family is exhausted, unpot the bulb, cut all foliage and flower stalk off to within an inch of the bulb itself. Shake off the soll from the roots and place the bulbs on a paper in the sunshine, allowing them to dry out. When they are completely dried off, shake off the rest of the soil remaining ! on the roots and pack the bulbs away either in bags or tin boxes, putting them in a cool place until next Fall They should then go into the outdoor garden. SECOND FLOOR LEASED BY GOTHAM CONCERN Becurities Building Office Taken by Charles D. Barney & Co. and W. Gwynn Gardiner. Leasing of two floors of space in the | Securities Building, 729 PFifteenth street, was announced today by the office of L. T. Gravatte. Charles D. Barney & Co., with main offices in New York, has | leased the entire second floor of the building and W. Gwynn Gardiner, at- torney, has leased, effective February 1, the entire fifth floor of the building. These quarters will be remodeled to| suit the needs of the new tenant and his associates. and John 8. Wood are the purchasers of three new dwellings erected at 5514, 5516 and 5518 Fourth street by Charles L. Tankersley, it is reported by Mr. Gravette. John M. Daly has purchased from | Mary R. Parkman the dwelling at 672 Maryland _avenue northeast, built by Kennedy-Davis, overlooking the site of the proposed branch Public Library; and Myrtle Gilliss has purchased the property at 659 Soutll Carolina avenue | southeast, from R. H. Hooker, it is re- DO NOT MISS SEEING 1421 Locust Road N.W Close to new school. Maynard W. King, George F. Dennis | 1931 CONTRACT SUM IS $3,092,849,500 Dodge Survey Shows Total for Last Quarter Was $530,141,700. Reviewing construction activities in the final quarter of 1931 as well as in the year itself, F. W. Dodge Corporation finds that the 1931 total for all types of construction in the 37 States east of the Rockies amounted to $3,092,849,500 in actual contracts awarded in that area. The year's final quarter produced a contract total of $530,141,700 for all classes of construction in these 37 States. Of this amount December ac- counted for 26 per cent of the total for | the quarter. Contract awards in the final quarter of 1930 aggregated $839,715,600. Residential building, during the last quarter of the year, showed contracts totaling $141,994,000. This was some- what less than 27 per cent of the total of all construction awards, whereas in the final quarter of 1930 residential contracts amounted to $256,363,300, or almost 31 per cent of the total of all construction awards. Non-residential building represented a somewhat higher percentage of the whole during the final quarter of the year just ended than during 1930, $207,969,500 for this class, representing 39 per cent of all construction under- taken, while in the like period of 1930 non-residential building amounted to 371, per cent of the whole. FORM TWO COMPANIES Special Dispatch to The Star. BALTIMORE, January 16.—T. How- ard Duckett of Hyattsville and four Washingtonians are the incorporators of two companies chartered under the State laws of Maryland this week. One company is chartered as the National Hotel Management Corporation, Hyatts- ville, Md., to deal in real estate; capi- tal stock 10,000 shares, par value $10 each. Incorporators are T. Howard Duckett of Hyattsville, Md., Jefferson L. Ford, jr., and Margaret M. Toomey, both of Washington, D. C. The second company is called the Hyattsville Realty Co., Hyattsville, Md., to conduct a general real estate broker- age business; capital stock 50,000 shares, par value $1 each. Incorpora- tors are T. Howard Duckett of Hyatts- James W. Glu’ and Doris A Home of Distinction In Beautiful Kenwood 12 Kennedy Drive Highly Resiricted Comamunity! A magnificent SOUTHERN COLONIAL home of brick con- struction, center hall plan, con- taining eleven rooms, three baths, 1st floor lavatory, sepa- rate servants' quarters over two- car garage. Huge lot with many large trees. Beautiful architecture, substantial construction, spa- clous rooms, attractive decora- tions. Open, heated and lighted all day Sunday and every afternoon. (Drive_out Conn. or Wis. sonably Priced Ave. to Bradiey Lane, turn west to Kenwood, first house at entrance.) Realty Associates, Inc. 1427 Eye St. Nat. 1438 Metal deor on shower ectric re- frigeration, living reem 14x24/5, 2. car built-in garage, 17x 25, A beautiful Colonial Home, with 4 bed rooms and two bath rooms on second floor, 2 finished rooms on 3rd floor, quartered oak floors, red gum trim, lot 6714 House and porch 467 ft. The Price Is the Real Feature—only $16,950 | W. C. KREMKAU, Owner | Or Ga. 9611 Drive Out 16th St., one block north of Kalmia Road. Open 10 AM. to 9 P.M. : I P 1 g g1 o g b 1 g g g g 1 - i i ek e A i “KEEPING UP WITH THE JONES”; ] FULL PAGE IN COLQRS EVERY SUNDAY 1932. FORTUNES FOUNDED ON BUSINESS LANDS Real Estate Holdings Remain Intact for Generations, Board Report Says. Almost all noted private fortunes that have remained intact for four or five generations were built on investment in business real estate, the National As- sociation of Real Estate Boards reports in its 152d of & series of stories for the ublic. 2 The most famous of these fortunes were started with modest investments that were increased until they totaled millions. The association quotes on this subject M. W. Illes of Davenport, Iowa, who collected the following examples: “Nicholas Longworth was born in Newark, N. J, and migrated to Cin- cinnati, where he studied law. Long- worth's first client was accused of horse stealing. The man_was acquitted, but had no money, so Longworth accepted two copper stills as his fee. These stills were traded by Longworth to Goel Wil- liams for 33 acres.of then unpromising land in Cincinnatl. Long before his death this land was valued at $2,000,- 000. From time to time, Longworth purchased more land with the money he made in law. In 1863 his estate, in William I. Irby Formerly in business for himself with Realty Associates is now associated with B. H. Gruver, Builder and developer of GloverPark 927 15th St. N.W. $12,750 5724 Nebraska Ave. One of the values in WM. H. SAUNDERS CO., INC. 1519 K St. N.W. 3231 PATTERSON ST. N.W. Four—$13,950—Bedrooms Colonial brick residence. Exceptionally large rooms. First-floor lava- tory; tireplace; large kitchen with breakfast room; full attic, slate roof. 3109 Military Road pleted. All-brick These fireplace, a equipment. Home: . are open, heat- and lighted till 7:30 & L3 m. Six large rooms, 2 modern bath N. W. Cor. 31st Street zzz\ly holdings, was valued at $15,000,~ “Nicholas Longworth’s grandson married President velt's daughter. Robert Roosevelt, uncle of the famous President, founded his fortune on busi- ness property. “J. G. Wendell of New York City in- vested the profits of his fur business in commercial real estate. This property was recently valued at $100,000,000. “John Jacob Astor worked his way from Waldorf, Germany, to America. When he died his real estate holdings amounted to $20,000,000. Twenty-seven years later, when his son, W. B. Astor, died in 1875, the Astor properties were reputed to be worth $100,000,000. W. B. Astor bought so much real estate that he was known as “the landlord of New York.” The Astor fortune is still | invested in real estate. | Goelet Estate Now $500,000,000. “Peter Goelet was an ironmonger during and after the American Revolu- | tion, and the profits from his business |went into real estate. He left $500,000 to his son, Peter, who in- creased it to $25,000,000 through the purchase of New York City land. In 1912 the Goelet fortune totaled $500,- | 000,000. “Nearly a century and s half ago William and Frederich Rhinelander operated a sugar storage house and their profits were invested in land in New York City. The wealth of the third and fourth generations is commonly placed at in excess of $100,000,000. Peter Schermerhorn was & ship chand- ler during the Revolution and he - chased one tract of land extending from what is now Third avenue to the East | River and from Sixty-fourth to Sev- enty-fifth streets. It is worth a fabulous | sum today. 5 . | Becond-hand vests from America are ! popular in India this Winter. Nat'l 1737 Drive out Conn. Ave. to Nebraska, thence to house OPEN DAILY most attractive Chevy Chase. Dist. 1016 The pick of the new house Market in—| Chevy Chase, D. C. Two baths. Just com- Garage. Large lot. $13,950 colonlal residence on lot §0x107. large porch, iatest kitchen ttic, breakfast room, Bullt by H. Detached garage. uddel Military Road, $14,500 Center-hall brick eolonial eorner home with Creek foot frontage overlooking Rock Park. every day. tng att o eedar storaze closet 1418 £ye s. H. G. SMITHY CO.y, 5904 You do not depend Company. Titles which appe: tions, 'such as f_orfled deeds, dower claims, de Even good titles are them. insured. 810 15th Street, N. i SEC NO GUESS WORK have the title to your real estate insured by this RECORD might be subject to many imperfec- many other hidden defects. it costs large sums in attorneys’ fees to defend Do not wait until you suffer a substantial loss. Remove all guess work by having the title NEw YORK TITLE AND MORTGAGE COMPANY Capital Funds over $64,000,000 on guess work when you ar to be GOOD OF instruments, fraud, lost fective foreclosures, and sometimes attacked, and W. (Shorcham Bldg.) Phene: Metropolitan 3900 A. W. Hoover, Assistant Secretary in Charge ES I T 110 RESIDENCES SOLD Valuation of $1,085,000 Is Placed on Properties by Concern. Sale during the past year of 110 resi- dential properties on which a valua- tion of & total of $1,065,000 was placed | by their builders was announced today by the office of Beitzell & Horning, on the basis of a survey of activities dur- ing the year 1931. The properties sold were located in various sections of the city, in the Northeast, Northwest and Southeast sections. A number of them wer cated on Oneida place, Concord ave- nue, Madison street, Oglethorpe street, FATE. street northeast, Fourth and Sixth lw:bsiar street northeast, Fourteenth streets. | NAVY FOSITION FILLED Capt. Hoopes Bureau of Supplies Assistant Chief. Capt. Edward T. Hoopes, Supply Corps. United States Navy, in charge | of the planning division of the Bureau of Supplies and Accounts, Navy Depart- [ ment, yesterdsy was directed to assum~ | duty ‘as assistant to the chief of that | Bureau. He succeeds Capt. Frederick | @. Pyne, ordered to Philadelphia as | supply officer for the 4th Naval Distri Buy a Home With All Conveniences $7,650 Sample House, 1839 Bay St. S.E. Salesman on Premises Daily Until 9 P.M. ping_poereh rear perches | d tile and showers wa Mirror door Built-in telephone closet Buil dining set with benches Cedar-lined closet Between 18th, 19%(h, B & C Sts. NE. Near Eastern 'High School G. E. electrie elock Hot-water heat (oversize boiler) Ho r storage One-piece laundry tub Paneled wal Hardwood floors Hardwood trim Frigidaire . Walker electric dish washer Or & modern freplace Fluid Beat—noiseless oil burner Extra heavy tin roof. 20 Ibs. GARAGE BUY AT YOUR OWN TERMS Steuart Brothers, Inc. Real Estate Construction ALL or the 138 12th St. N.E. greater part of your investment funds should be placed in Interest Semi-Annually 6% First Trust otes for safety—and the high- est yield consistent with a conservative invest- ment. Wm. H. Saunders Co. Member Washington Real Estate Board 1519 K St. N.W. Established 1887 Dist. 1015 A CornerResdence . . . . MASSACHUSETTS AVENLE PARK. . .. 3203 CLEVELAND AVENUE streets. tion, 9 rooms, 3 baths, first floor lavatory, maid’s room and bath, sun porch, open porch, Nokol oil burner, 2-car built-in garage, slate roof. 286 f. fromtage on two Hollow tile construc- Large oak trees and shrubbery. OPEN SUNDAY 2TO 6 H. L. Rust Company Member of the Washington Real Estate Board 1001 Fifteenth St. FREE No Obligations! On Display in Sample House To the Head of EACH FAMILY inspecting Our Model Home during the month of January, 1932, we will give a FREE Vote on a BEAUTIFUL ELEC- TRIC PERCOLATOR SET. You do not have to be a prospective Home Buyer—just see our Ex- hibit Home and register your name! Never before have you been able to purchase an All-Brick Home as completely finished with the modern conveniences -and practical features that we have incorporated in this group we are offering for the low price of *8,250 Small Cash Payment Monthly Payment Like Rent! National 8100 Sample House Completely Furnished 1704 an St. N.E. Open to 9 P.M. Daily Some Interesting Features 6 large, well proportioned outside rooms hardwood trim, oak floors throughout, abun- dance of electric outlets, wall brackets. Fireplace With “Radiant Heater” Beautifully Equipped and Arranged Kitchen! Sanitas on walls and ceiling: inlaid linoleum; cabinet gas range; electric refrigeration; Oxford kitchen cabinets, trim- med in two-tons Duco; fold~ away dinette; Colonial front porch, screened breakfast and sleeping porch; large, bright 21!1”“: deep lot; garage; paved ey. WE INVITE YOUR INSPECTION ‘WAPLE & JAMES, Inc. Members Washington Real Estate Board 1226 14th St. N.W. North 0962