Evening Star Newspaper, March 12, 1932, Page 17

- sy _/ REAL ESTATE. THE EVENING STAR. WASHINGTON, D. C, SATURDAY, MARCH 12, 1932 REAR ESTM% r good SEE THIS NEW MODERN FULLY DETACHED BRICK HOME! Center-Hall Plan! Open for Inspection 5610 New Hampshire Ave. (At Blair Rd. & Longfellow St.) Waple & James, Inc. 1226 14th St. N.W. NOrth 0962 CREDIT UNION BILL ACTION DELAYED Senator Dickinson Fears Legislation Would Hurt Banks at Present Time. 232 Longfellow Street N.W. These are the best and most complete homes we have ever offered at such a Treasonable price. You will be delighted when you inspect these homes. The kitchens, bath rooms and electric fixtures are especially attractive. Inspect now. Open Sundays and every day FLOYD E. DAVIS COMPANY 733 12th Street N.W. Nat'l 0352 The Senate yesterday debated the Capper credit union bill to authorize incorporation of co-operntl\s groups in Washington to make loanf to their members, but action was put off at the request of Senator Dickinson, Repub- lican, of Iowa. Senator Dickinson said he would have no objection to such legislation at some later time, but that “there is a feeling on the part of some of the | banking institutions in Washington that it would be detrimental to have this additional element enter into the financial atmosphere of the city at this time.” Senator Dickinson said the | bill should wait until the financial atmosphere of the country is clarified. Senator Blaine, Republican, of Wis- consin, in urging passage of the bill, 6814 9th St N.W. Open to 9 P.M. Daily A detached English home of individual design and artistic beauty. Brick and stone con- struction, with variegated slate roof. 6 rooms, 2 complete baths, center-hall plan, spacious living room with large stone fireplace. Club room in basement, finished in 3-tone Textone, with entrance direct from main hall. Bright tiled and Sanitas kitchen, with electric refrigeration, linoleum floors, built-in dinette. PRICED BELOW HOMES OF THIS CLASS—EASY TERMS Will Consider Small House in Trade WAPLE & JAMES, INC., 1226 14th St. N.W. NOrth 0962 Your Hardest Paint Problems Are Really Easy to Solve. ..Only WAYSTINSIST ON BUTLER-FLINN P-A-LN-T 607-609 C St. asked Senator Dickinson to name the bankers “so we may know who is oppos- ing the bill.” Senator Dickinson said he preferred not to give names, and added, “I am simply asking that it be delayed a little while.” “I want to know if the Senator can name an interest in the District that would oppose the bill?” Senator Blaine replied. Senator Dickinson said he did not desire to be subjected to questions of that kind and asked that the bill be postponed. Chairman Capper of the District Committee declared there is “little ob- jection even on the part of the bankers of the District of Columbia to the legislation.” Senator Capper said that 35 States have laws for the establishment of credit unions and that the pending bill for Washington has the support of Government employes and the labor groups. The bill was postponed, but remains on the Senate calendar for later consideration. Zoning Proposed to Permit Taller Apartment Houses Expert Says Cities Should Consider Conditions in Suburban Areas. Zoning of obsolescent dwelling areas in the suburban sections of cities to permit the construction of tall apart- ment houses with small ground cover- age is urged by Electus D. Litchfield of the New York Chapter of the American Institute of Architects. Outside of every city, he explains, there are residential properties which eventually are cut up into small lots or are covered with low, closely built apart- ments, with the result that the original charm is almost entirely lost. Cities should take steps to retain the SHEPHERD ST. N. Bordering Rock Creek Park All brick; semi-detached; redecorated like new, large rooms; 2 baths; 4 bed rooms; 3 big porches. Built by Gruver. Sold new $16,500. 2-car brick garage. All con- venieces nearby. A real op- portunity. Come out early. $12,750 OPEN SUNDAY 10 AM~9 PM. H.G.Smithy Co. 1418 Eye St. NAL. 5904 BUILT BY DUNIGAN . . . SEE 5431 KANSAS AVENUE N.W. Exhibit Home terrain in its original condition and to promote intensive utilization of such properties by erection of taller apart- ments which occupy & smaller percent- age of their lot areas than is customary, e said. “Sometimes these districts zoned for apartment houses are allowed to cover from 30 to 80 Eer cent of the plot and are limited in height from two to four or even six or seven stories. “Let us suppose that their location and transportation facilities are such that there will be a continuing demand for accommodations in apartment houses covering 60 per cent of the plot. It is obvious that the same population would be accommodated by a structure occupying 30 per cent of the area and double the number of stories in height, or by a building occupying 15 per cent of the area and having four times the | number of stories. “If, therefore, in zoning these old es- | tates the land coverage allowed for the building be made very small and the permitted height be increased corre- | spondingly, it would be possible to main- | tain the unbuilt, open land in much of | its present sightly condition, with lawns and planting, so that they will become small parks about residential towers and remain a continuing asset to the city. “Where these apartments are so built, garage space may well be permitted in the basement or terrace of the apart- ment itself without intruding upon the surroundings. Large areas of grass and | trees with tennis courts and playgrounds | for the children will be available, and | while such accommodations can never | take the place of the individual dwell- ing with its own yard, they will provide for those to whom apartment living ap- peals all the advantages of the apart- ment with many of the advantages of a single home.” BUILT RIGHT We Believe: The Large Kitchens are selling these new homes Siz large rooms, de- tached garage, cedar- lined closets, oak floors, hardwood trim, Colonial brass firtures, 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, piece porcelain sink, built-in cabinets, inlaid linoleum and Senitas wall covering. And just off the well-planned kit- chen is a roomy dinette; con- venient and practical. 58950 AND TERMS one- Thirty-Second Street Home house contains six rooms and two and a two-car garage. Residence of Capt William F. Becker, U. 8. M. C., retired, at 5461 Thirty- second street, which was purchased recently from Jacobson Bros., builders. The baths and has a large porch and terrace George S. White was the designer. BIRTHS ON DECREASE Figures Revealed for First Nine Months of 1931. Statistics for the first nine months of 1931 indicate there were about 150,000 fewer births in the United States last year than in 1930, a decline which, if continued, will necessitate a further re- vision downward of previous estimates of the future population, Dr. O. Agriculture, predicts. Unless restrictions on immigration are relaxed or the number of births in- creases, both of which appear unlikely, the population of the United States will reach a maximum of about 145,000,000 by 1960 or sooner, says Dr. Baker, and a continuance of the sharp decline in births probably would mean a maxi- mum population by 1955, or even by 1950. The drop in births in 1931 is fully twice as large as the average an- nual decline in the preceding decade of urban prosperity, it is reported. —_— MOST FARMS CLEAR More Than 50 Per Cent Found Free { of Mortgage Debt. | More than 50 per cent of the Nation's farms are free of mortgage debt, but more than 38 per cent of the mort- | gaged farms are indebted for over half their value, while 5 per cent are mort- gaged for more than their entire value, according to a recent estimate of the Department of Agriculture. The number of farms free of debt is decreasing, the department reports. In 1920, 63 per cent of the farms operated | by their owners were free of morigage | ?3?5 as compared with 59 per cent for Over $4,000,000,000 were borrowed from various loan agencies last vear, owing to the fact that many individual accounts were drained. These short- time loans exceeded those of 1930 by | $250,000,000. at minimum cost. as fine as in many homes at t gloxets, "Oxtord bullt_in cabinet wit Junior High and elementary schools. Sample House Completely Furnished by Nelson Furn. Company 1810“C” St. N.E. Southern Exposure Open to 9 P.M. Daily D. ]J. DUNIGAN, INC. Tower Building National 1265 Terms You Brokers Invited Gruver & Marshall, " WAPLE & E Baker, economist of the Department of | shades. Lot High, healthful elevation. 14TH STREET HOMES ESTIMATED AT $25,000 | Four Two-Story Brick and Frame'® Dwellings to Be Erected | Soon. Four two-story brick and frame dwell- ings are to be erected at 4418, 4420, 4424 and 4426 Fourteenth street north- east, according to plans placed on file with the District government by C. H. Small & Co., owners and builders. The project has an estimated con- struction cost totaling $25,600, the building specifications show. Plans also have been filed with the | District building inspector calling for the construction of three two-story brick apartments at 7302 to 7306 Georgia avenue by Zarin & Korman, owners and builders. The cost is fig- | ured to total $25,000. NEW | Center Hall Brick Corner 300 Oglethorpe St. N.W. 8 large rooms, 2 complete baths, floored attic, slate roof. See It for Comparison You Will Be Plea: ! Price and terms that you can afford. May consider your old home in trade. (Drive Out 5th St.. to Oolethorpe, Turn East to 3rd.) Open to 9 P.M. Waple & James, Inc. 1226 14th St. N.W. North 0962 Eve., Ad. 3613 JAMESON-BUILT HOMES 327 Jefferson St. N.W. 7 Rooms, 2 Baths 8 Rooms (Semi-Detached) 2 Baths OPEN Daily and Sunday Until 9 P.M. One of the Qutstanding New Home Values of 1932 An inspection will convinee you that we're offering homes 100% desirabl We're particularly proud of our kitchens. . ce the price of theseototl niaid linolewm floor, light over sink. snd QU. kitchens equipped Frigidaire and utility STANDAR m throughoul sho One square fro o GEORGE JAMESON suiic Georgia 0748 9 BUILT—7 SOLD! There Is a Reason—See for Yourself! BUILDING COSTS REACH LOW LEVEL More Favorable Financing Conditions Are Revealed by Survey. MINNEAPOLIS, Minn,, March 12— Much lower construction costs, more favorable mortgage financing conditions than are generally realized and & mod- erate shortage in single-family resi- dences, which could easily turn into a strong demand for new building con- struction, are reported by Investors’ Syndicate as results of a survey cover- ing residential conditions in 26 cities of United States and Canada. Eager bidding for construction jobs and the consequent slim profit margins for contractors has been an important factor in lowering building costs and is one not reflected in the index figures ordinarily available, the nm states. Decline in wages and build- ing material markets have further con- tributed to a decrease in building costs varying from 9 per cent to 20 per cent since January, 1931 and as much as 35 per cent since 1930. Conditions for residential financing are more favorable than is generally realized, the report declares, due to de- creased building costs and a general “soflenin,; of real estate rices. “Ample cfédit is available generally. for conservative construction loans to bona Value for Today's Dollar EOONOM.IC readjustment has made the main con- sideration in the spending of today's dollar—value rather than price. Value for today's dollar is foremost in the mind of today’s purchaser. The Catritz Organization in all of its homes has always bullt on this principle. Its enormous purchasing power has enabled 1t to buy the best at the right price and to employ the most skilled craftsmen to realize the plans of competent archi- tects and engineers. The vol- ume of construction has brought the best within the reach of the man of average means, passing on the econo- mies in always giving greater value for today's dollar. There are now urider construction, rapidly nearing completion, more than 60 Cafritz Lieftime Homes with many unusual innovations, at very attrac- tive prices. Opening an- nouncement to be made shortly of the following op- erations: THE BEST BUY. CAFRITZ| re e Howees| 46th and DAVENPORT STS. N.W. UPSHUR ST. near 16th N.W. 4th and EMERSON STS. N.W. 23d and RANDOLPH STS. N.E. CAFRITZ OWNERS BUILDERS ,_ however, Tresiden construction in 1931 was only two-thirds as great as in 1930 and only about one-third of the annual average of the “boom" residential con- struction period of 1925 to 1928, accord- ing to the report. “Although an oversupply of duplexes and apartments is noted by the survey, single dwellings are in fair demand in many localities and any impprovement in eral business conditions should emphasize the shortage and make for sharply increased bullding activities,” the report asserts. CALL HEADS R., F. & P. Succeeds Late Eppa Hunton as Railroad President. NEW YORK, March 12 (#).—Norman Call was elected president of the Rich- mond, Fredericksburg & Potomac Rall- road at a special meeting of directors yesterday. Mr. Call, who has served as a vice president of the road, was chosen to fill the vacancy caused by the death of Eppa Hunton, jr. rricE 37,250 & %6.950 ON EASY TERMS One of the most modern homes in N.W. section, at 7th and Tewkesbury Sts. Has kelvinator and kitchen in beautiful ecolors, full tile bath, buik-in tub and shower, built-in bath room accessories. You cannot really sppreciate these Nomes without a thorough inspection as to construction and finish. You owe it to yourself to inspect these homes. To inspect—Drive out Tth $t. to Tewkes- bury, two squares morth of Rittenhouse, Wm. S. Phillips 2032 Belmont Road FORT DRIVE, 7 ETWEEN S0 & 4™ ST Y 7 Florosts s soasen Decatur 5000 A Real Factor in These Homes, Featuring— 7 Large Rooms 2 Fine Baths Recreation Room with Ornamental Fireplace Oxford Kitchen Units Double Drain Sink Frigidaire Bronze Screens Cedar Closets Built-in Garage Clear Oak Floors Hardwood Trim Mirror Doors Brass Lighting Fixtures exurr nove. 326 MADISON ST. N.W. Furnished by DULIN & MARTIN A location facing on the new 200.-FOOT FORT DRIVE. just a block to the 17ACRE FORT SLOCUM PARK, assures the pur. chasers of these new homes an everlasting permanency of value as well as an unex. celled home environment. The homes themselves have just been com- pleted and are the FINEST CON. STRUCTED, PLANNED and EQUIPPED that the market offers. There are 7 LARGE ROOMS, 3 BED ROOMS, with plenty of light and wall space, 2 BEAUTIFUL TILE BATHS, with latest fixtures and ribbon tiled floor. Large finished RECREATION ROOM with ornamental FIREPLACE. OPEN Daily and Sunday Built and for Sale by H.G.Smithy Co. A most modern kitchen with many unique features, iqundinl% OXFORD KITCHEN units, BLE PORCH FRIGI DRAIN K. and and 72.INCH_DOU- Concrete FRONT screenedin SLEEPING PORCH. Numerous other features, such as clear grain oak floors, BRASS LIGHTING FIXTURES, RUBBER CAULKING, bronze screens, in- laid THE linoleum kitchen floor, and “OVER TOP” GARAGE doors. DON'T DELAY—COME OUT EARLY AND MAKE YOUR SELECTION! $9,250 National 5903 Presley DHeights We invite your eritical inspection of this Modern 1932 Home with every conceivable arrangement for comfort. Excellent, Convenient, Close-In Section of All New Homes—Restricted Location! Future Values Assured!! Facing 160-Ft. Boulevard!! 7 ROOMS—2 BATHS—4 BED ROOMS May Be Arranged for TWO Families— (Home and Investment Combined) Priced Less Than You Would Expect! Can Afford! . Co-operation Given Owners and Builders JAMES, Inc. Members Washington Beal Estate Board 1228'14th St. N.W. North 0962 SR Wi Designed and built by W. C. and A. N. Miller Interior Decorations by Dulin and Martin / ». C The Garden Spot of Washington Vicennial Exhibit House Completely Furnished 4914 Glenbrook Road Wesley Heights Now open to the public as a demon- stration of the higher art in home building and interior decorating. Twenty years of aggressive progress in Home Building and Community De- velopment in Our Nation's and 4. 0. Miller DEVELOPERS, 1119 SEVENTEENTH STREET