Evening Star Newspaper, March 5, 1932, Page 17

REAL HOME LOAN BANK CAMPAIGN PUSHED Statements Broadcast Throughout Country Point Need of Legislation. The National Association of Real Estate Boards and the United States Building and Loan League are con- tinuing their compaign seeking enact- ment by Congress at this session of the | measure proposing creation of & system | of Federal home loan banks. Both associations this week sent out over the country statements declaring the need of the legislation. hearings on which were held recently by a subcom- mittee of the Senate Banking and Cur- rency Committee. Building and loan associations of the eountry are receiving hundreds of in- quiries daily from home owners and | prospective borrowers regarding passage of the home loan bank measure, it is reported by William E. Best. Pitts- burgh, president of the United States Building and Loan League. Demand Is Heavy. The demand for home n:orlz'i_!ges nnd‘ for funds from the various savings and | thrift institutions is tremendous in every community in the country today, Mr. Best declares, “and under present conditions only a small percentage of this demand can be met. It is to help meet this situation and to help the home owner and the small saver of the | Nation that the home loan bank bill is lesigned primarily.” e propased home loan banks are “the only answer” to the present home financing situation, according to Wal- ter Channing, Inc, of Boston, in a statement issued through the National Association of Real Estate Boards, which has been active in urging pas- | e of this legislation aI/gl'h(‘ Boston sutvey was made by Maj. | Robert F. Raymond for the mortgage department of the Channing combany. | Tt covers 38 financing institutions in Boston, including savings banks, co- operative banks. national banks, trust companies, insurance and mortgage companies. Loans Conservative. Maj. Raymond says: “Only 5 out'i of 15 representative savings banks are | Joaning on mortgages. and these 5 in amounts so conservative as to impair their usefulness to the borrower. “Not one of the four national banks surveyed will loan on a mortgage of any merit,.except to a depositor or for some extraordinary reason. Not one of .three trust companies will consider a home loan unless they have to. Not one co- operative bank is able to make & new mortgage loan, except that two are try- ing to help on distress loans “Five insurance companies out of five surveyed are not in the market for any mortgage, Tegardless of their merit. Four mortgage companies out of four surveyed are unable to take on any more mortgages.” School teachers, business men, house- wives and workers have urged the | speedy enactment of the proposed home | loan bank bill through resolutions for- warded today to President Hoover, ac- cording to Harry S. Kissell of Spring- field, Ohio, chairman of the Home Loan Bank Committee of the National Asso- eiation of Real Estate Boards. <k s ‘Will Build Residence. | Ida J. Dulaney, as owner and builder, plans to erect a one-story brick and stucco dwelling at 2121 Branch avenue | sponsible for it. ESTATE & A. N. Miller. designers and builders. It is of all-brick construction THE EVENING STAR, WASH NGTON D. C, SATURDAY, NEW REALTY FIRM ELECTS . C. BANGS Concern to Engage in Chain Store Leasing in Various Parts of Country. H. Clifford Bangs of this city is one of the organizers and has been elected one of the directors of a new national real estate organization, known as United Realty Brokers, Inc., with head- quarters in New York, it was announced | today. The concern plans to engage in a business of chain-store leasing, prop- erty management, sales and general real estate business through the asso- ciation of brokers in cities throughout MARCH 5, 1932. Pittsburgh, St. Louis, Washington, D.C., and Milwaukee, ‘The directors of the company, in ad- dition to Mr. Bangs, are: J. H. Owen, New York; John C. Baldwin, jr. At- lanta; Thomas N. Beach, Birmingham, Ala.; W. A. Brennan, Indianapolis, Ind.; Robert A. Cline, Cincinnati, Ohio; George C. Prolich, Boston, Mass; Guy Me Pa.; Irving Miller, Louisville, Ky.; J. Pat Murphy, Dallas, Tex.; Millard Nai Memphis, Tenn.; Albert Schoenber: Kansas City; M. J. Siedenbach, Phila- delphia, Pa.; Frank S. Slosson, Chicago, I.; J. P. Stotter, Cleveland; S. S. Thorpe, Minneapolis, Minn.; Robert S. Wayland, Boston: G. F. Willis, Atlanta, and B. E. Nickoll, Milwaukee. BUFLDING COSTS UP Advance ¥s Noted in Wholesale Prices. Fhe wholesale costs of building mate- rials as a group showed a slight in- crease between the weeks ending Feb- ruary 20 and February 27, according to the current report of the Bureau of Residence at 4910 Hillbrook .Lane, Spring Valley, which has been acquired by The house contains 11 main rooms, three baths Dr. Stephen C. Hopkins from W. C. and a two-car built-in garage. ANTIQUES HELD BY CHARLES MESSER STOW. Better furniture is being made in this country and antiques are directly re- This is demonstrable in several ways, but the most convinc- ing proof is the semi-annual furniture exhibitions of the manufacturers. The matter of design is the test which for the purposes of this article we shall apply in our judgment of good furniture. By good design we shall understand that which closely follows the style or period from which it is derived. In writing previous articles on mod- ern furniture I have bewailed the fact that the designer felt it necessary to add to or subtract from the classic lines of the period or style that he was using, instancing the introduction of a bit of gadrooning, for instance, in what ought to be an unbroken Hepplewhite line, or the embellishment of a simple Queen Anne curve with rosette that did not belong there. appeared. stood among the designers of furni- ture that they are justified in copy- ing exactly the lines of a piece, even to the extent of making an exact re- production, and some of them have learned that it is far better to make an accurate reproduction than to essay a departure from the proportions and the lines characteristic of a given period. This, of course, makes for better design, and it is a noticeable feature of the new furniture styles. What is the general trend of these styles? Eighteenth century English and American first of all. Next, Bieder- meier, so-called. Next, French, with the Louis XVI, period especially favored. Those attempts at something new or modernist after the patterns from Prance and Central Europe seem largely to have been given up. The southeast. Specifications on file at the District, Building list the cost at $5.000. influence of Italy and Spain on the styles of this year is negligible. 4821 46th St. + Chevy Chase - X ol A New Detached Colonial $9,750 JHAT wonderful values are being offered in the present market. He buy. A detached hor price. Built of brick an Te an exceptionally fine me at a formerly row house d clapboard, with slate roof. is Six bright, good sized rooms floored with oak; tiled bath with shower, ope nook, ELECTRIC RE sink and other modern k with disappearing stairway. complete an_attractive, fireplace, furnished breakfast IGERATION, double-drain itchen features; floored attic Pretty lot and garage modern home. Moderate terms to desirable people. DPrive out Massachusetts Avenue to 46th Street and north to OPEN SATURD SUNDAY, 1 BOSS & 17 K Bt property. AY, 1 to DARK 0 to DARK PHELPS Members Washington Real Estate Board SOMETHING DIFFERENT only $12,950 5553 30th Place Corner of McKinley and Nebraska You will be delighted with this most unusual home, center en- trance; beautiful living room, cozy dining room, sun parlor or music room, breakfast room and modern kitchen are on the first floor; 3 splendid bed rooms and two de luxe baths on second floor. The paper- ing and electric fixtures are the last word in decorations. t one for your own home and really enjoy living. to choose from, Lot over 72 ft. frontage. Three houses Open all day Sunday and every day from 2 to 9. Realty Associates, Inc. 1427 Eye Realtors Natl. 1438 This tendency to tamper with the | lines of a given style has largely dis- |~ It has come to be under- | RESPONSIBLE FOR IMPROVEMENT IN FURNITURE Matter of Design Is Demonstrated in Semi-Annual | Exhibitions of Manufacturers. There seems to be a strong demand |for walnut as material for modern furniture. This has resulted in the use of that wood sometimes when the pro- totype of the style would have called for mahogany. more important that the design of & | piece be right than the material of which it is made. Because of this fondness for walnut there is naturally in evidence more | furniture adapted from the early part |of the eighteenth century, especially the Queen Anne, although I saw many | pieces based on William and Mary styles. The cabriole leg with its grace- ful curves is more favored than the | clumsier trumpet turnings of the earlier | period But the second half of the eighteenth I am not disposed to | quarrel with that, however, for it is far | century has furnished the inspiration | for by far the greater part of the new 'S | styles, Chippendale has been followed | both in his rococo and Chinese tastes, | though it has been apparently over- | looked that Robert Adam at one time had a great influence on the master- of St. Martin's Lane. Hepplewhite and the earlier Sheraton have also supplied patterns for modern designers, but even here the influence of Adam has not | | introduced Empire patterns to their | credit, however, making them as deli- | cate as possible. . | STREET SITE LEASED Arthur Dezendorf to Use Lot for Parking Purposes. Downtown property at 1412 T street, owned by the heirs of John W. Thomp- son, which is improved by a former residence of the family, has been leased by Arthur G. Dezendorf for a period of five years, it is announced by Story & Co.. which handled negotiations. Mr. Dezendorf, local gasoline station and parking lot operator, is having the old dwelling razed and pians to use the lot_for parking purposes. The lot has a frontage of 67 feet and a depth of 132 feet. Business quarters at 1712 Connecticut avenue have been leased by C. R. P. Rodgers, Inc, it also is reported by 6313 Beechwood Drive A home of charming French provincial unusual appeal. One of several new homes open for inspection wooded subdivi this attractive ion. HOMES BUILT TO ORDER To Reach Beechwood— Drive out Street, turn left, west 2 blocks fo Beechwood and left avain_fo house. Connecticut Thornapple rive, Avenue to G. F. Mikkelson & Son 200 West Thornapple Street, Chevy Chase, Md. Wisconsin 4255 Wisconsin 2323 This new English a ING VALUE at .... 5520 Conn. Ave. 6401 33d Street. deligh+ful part of Chevy Chase, D. C., on a large lot with magnificent shade trees, is REALLY OUTSTAND- There are 5 spacious rooms and tile bath on the et o ] e Rl e o etm e flox with space for two additional rooms. frigeration. Detached brick garage. To reach—Go east from Chevy Chase Circle on Western Ave. and Rittenhouse St. to 33rd St., turn left to property. Open Saturday afterncon and Sunday Edw. H. Jones & Co., Inc. Cottage, located in a $10.950 Electric re- been potent. Many manufacturers have | Clev. 2300 the United States. Interests to Be Wide. The company plans within the near future to be represented in every city in this country and Canada of a popu- lation of 25,000 or more. Memberships in the organization al- | ready have been taken by brokers in the principal cities of New York, Penn- sylvania, Ohio, Indiana, North Carolina, South Carolina, Georgia, Alabama, Ten- nessee, Arkansas and Texas, it is an- nounced. J. H. Owen is president of the com- pany; Roy M. Little is vice president and general manager. Branch offices have been opened in Atlanta, Birmingham, Boston, Buffalo, Cincinnati, Cleveland, Dallas, Detroit, Indianapolis, Kansas Citw Louisville, Memphis, Minneapolis, Philadelphia, Labor Statistics, Department of Labor. The index numbers for building mate- rials during this period changed from 73.2 to 72.6. During the same period the index number for 784 commodities in all classifications studied by the bu- reau remained steady at 66.3. The numbers are based on average prices of 1926 as 100. The index number for housefurnish- ing goods dropped from 78.7 to 78.6, and the index for fuel and lighting remained steady at 67.8. Plans Drawn for Home. Plans have been drawn for the con- struction of a two-story brick dwelling for Mabel S. Hutchinson at 2507 Thir- ty-third street southeast at a building cost of $8,000 Distinctive New Homes b o Yooo Lusge-tivn 5449 30th place Just Above Military Road $12.500 Modern in every detail. Gas heat, plate glass win- dows, recreation room with open fireplace, very large living room, fully equipped kitchen. T wo- car brick garage. 2942 McKinley St. $12.950 All large bed rooms, two splendid baths, at- tic, recreation room, breakfast room. Latest kitchen equipment. Stone open fireplace. 5361 28th Street Just South of Military Road Complete bed room_and bath on first floor. Beautifully paneled den. Latest equip- ment_in kitch- en. Recreation room. Lot 50 1t. wide. WM. H. SAUNDERS CO., Inc. 1519 K St. N.W. Dist 1015 BEAUTIFUL HOMES and a REALLY BIG VALUE Flawlessly built of all solid brick; copper screens for rear porches and all openings; cement front porches with iron rail- ings. Double oak floors throughout; deep cedar-lined closets; Wpaneled wall paper; new-type colonial brass bracket lights; colored tiled baths witih chromard fixtures; choice of gas or coal heating systems at slight difference in price. Immensely deep lots (158 ft.), fully landscaped and sodded, with garages on rear; 25-ft. paved alley, street also paved. The most modern kitchen you can imagine, equipped with latest Oxford unit, double drainboard sink, built-in ironing board and broom closet, inlaid linoleum, and the larger size (5 ft. high) Frigidaire. All houses having more than six rooms have that unusually popu- lar finished recreation room in basement, ideally adapted for children's play room, club room or clean, dustless storage. 6 Rooms, 2 Baths, Dinette to 8 Rooms, 2 Baths........ s9,075 g Inspect . . . 428 Ingraham St. N.W. Open Every Day Umtil 9 P.M. [ ] Owner - - - B. H. GRUVER - - - Builder REAL ESTATE. Don’ verook This ding aluc 6522 7th Place N.W. New Distinctive Complete Detached $9.950 Unigue Artistic Modern Six Rooms—Three Porches . Copper Guttering—Colored Tile Bath Screened Throughout—Real Fireplace Finished Attic—Complete Kitchen Garage J. DALLAS GRADY Dist. 9179 1010 Vermont Ave. Drive Out Ga. Ave. to Van Buren St. to 7th Place SEE 5431 KANSAS AVENUE N.W. Exhibit Home Home With a Large Kitchen is Washington’s best “buy” Sixz large rooms, de- tached garage, cedar- lined closets, oak floors, hardwood trim, Colonial brass fixtures, large, airy cellar, fully screened. Double laundry tray and servants’ toilet, screened breakfast and sleeping porch and coat closet with full length mirror. Wrought - iron rails on stairs, new type radiators (narrow to save space). Colored tile bath room with shower; toilet and lavatory adjoining the master bed room. New- est artistic firtures. Large Kitchen with Dinette Equipped with Electrolux, latest type gas range, one- piece porcelain sink, built-in cabinets, inlaid linoleum and Sanitas wall covering. And just off the well-planned kit- chen is a roomy dinette; con- venient and practical. 38950 AND TERMS Every Woman Has the Instinctive Desire for a Home of Her Own —a house which she can arrange to suit her own individual taste; grounds which she can lay out as a garden or as a play spot for the children. The Outstanding Advantages of Woodside Park —its attractive homes, park-like character, accessibility, all city improvements, location at head of rapidly develop- ing 16th street section, convenience to schools, churches, golf grounds and business section make it an ideal loca- tion for that home you are going to build. Sites, ranging in size from 10,000 to 25,000 square feet—equal to several city lots—permit spacious grounds and insure delightful environment. Prices, 18¢c, 20c, 22Voc—a few higher. The safest place to save for the home you expect to build. Present depressed prices below sound values and will not last. HOPKINS-ARMSTRONG, Inc. 9101 Georgia Ave., Md. Shep. 3336