Evening Star Newspaper, April 2, 1932, Page 21

REAL ESTATE. Best Bay NE. | HOME LOM BILLS Aaal for T \or 2 Fmsastive’ Wi | | o one Lerrt | HISTUMWHEU ns (4 bed rooms). all closets {Houston Man Draws Parallel With Passage of Federal Reserve Measure. THE EVENING copper uts. Beautif " finished room 7th St. N.E. Open to 9 P.M. Easy Terms Special Dispatch to The Star CHICAGC, IIl, April 2—A parallel ‘bei\\'PPn the history of the Federal | Reserve act passage through Congress | and the present course of the home loan bank bill is drawn by 1. Fried- lande:, Houston, Tex. of the United States Building and Loan League in a resume of testimony made before a House subcommittee last week The bill would provide for a reserve system mobilizing the home financing credit of the country, with 12 district home loan banks to make loans to banks institu- ages, on Waple & James, Inc. 1226 14th St. N.W. North 0962 MODERN BUNGA- LOW IN SOUTH BROCKLAND 1415 Girard S;eel, N.E. Just North of ! building and loan associations | and trust companies and othe {tion= investing in home mo teral cf these mortgage “Nobody today would dare to suggest a temporary, emergency measure 2s A substitute for the permanent Federal Reserve System, or the Federal farm loen but they did suggest a | temporary act to defeat the Federal Reservé, just as today the oppcnents of the home loan bank measure claim that the emergency Reconstruction | Finance Corporation can take care of | 211 the distress in the home financing | field ” Mr. Fricdlander said. “We should face the ugly dis- comforting fact that home ownership PRICE $6,250 OPEN FOR INSPECTION WM. P. NORMOYLE 810 F Street N.W. NAtional 2255 act {in the United States is falling sadly | behind and that we are drifting into a nation of tenants. The percentage of homes owned and occupied by the | owners has been slipping now for 30 Buy This House and Spend the Difference | S 8 large rooms, 2 complete ||” e main reason for this loss, where baths, all brick, 3 porches, 2- | there sh-uld have been a distinct gain car garage. beamed ceiling in ||under the conditions prevailing the dining room, hot water heat, || past 10 years, is an insufficient amount elec. lights, inst. hot water [|of the proper kind of home-financing -“attic. Lot 150 feet credit, the long-term amortized, low- ?g-aft(:’{t, ’\pz\vccd alley. fsn.e‘l,? cost credit without the discouraging 2 J 3 , and costly features of short-term. Pf“(‘d l?\:lylflxr o h‘;‘;lfv ](‘,lr:;lrches. commission-burdened and second-mort- stores t ar g X gage type of promotional home- This house will be open all day || financing.” Sunday and every evening un- L s, 1o realy are goc | BYILDING MATERIALS’ COSTS SHOW DECLINE Above: Mr. and Mrs. Everett H. Patterson street, Chevy Chase, D. C., the Department of Justice. Below Irving Burns. The house is of early Washington Realty Co., builders. New Washington Homes Charles W. Sturbitts, through the agency house contains eight main rooms and two baths, Mr. Kuebler is an official of contains seven main rooms and two baths. STAR, WASHINGTON, Kuebler are owners of this house at 3231 purchased recently from the builder, of Willam H. Saunders Co., Inc. The Residence at 1433 Locust road, acquired by Mr. and Mrs. Edward American precedent as to style and | to see this 1343 Quincy.St. N.W. { Bureau of Labor Statistics Figures Give Wholesale Prices for Week WM. T. BALLARD 1 1221 Eye St. N.W., Na. 2265 Ended March 26. CHOICE LOCATION of BROOKLAND 1335 Shepherd Street N.E. ||| Semi-detached Center Entrance Hall Six Rooms, Garage, Frigidaire The wholesale cost of building mate- Is decreased fractionally for the k ending March 26 as compared h the level of the week ending | March 19, according to the current find- ings of the Bureau of Labor Statistics, Department of Labor The index number for the week end- ing March 26 was 733 for this group of products as compared with 73.4 for the preceding week. There was but ight drop during the past five weeks, the index for the week ending February 27 being 73.6. The level of wholesale costs of housefurnishing goods remained steady at 786 during the five veeks ending March 26. The index number for fuel and lighting was 69.1 for the week end- | ing March 26 and for the preceding week, while the index for the week end- ing February 27 was 67.8 Wholesale prices for all classes of products had an index of 66.2 for the week ending March 26, as compared with 66.5 for the preceding week and 663 for the week ending February 27 This index includes 784 commoditi price series and is based on aver | prices of 1926 as 100 BY ELLEN EDDY SHAW. If you have not yet started your annual seedlings it is not too late to do so now. There are a number of good reasons for remembering and planning for annuals in the garden. In the first place, they are indispensable in Midsummer when many of the perennials are not blooming. Then they are excellent for cutting purposes. In fact. it is a good idea to plant one annual border essentially for supplying flowers for the house. Some annuals have entertaining features which I will suggest later. They make wonderfully good border plants What would be lovelier planted right in the perennial border than some annual stock with their tall graceful spikes and delicate coloring? They are ideal combined with snapdragon and annual larkspur which comes in such variety of pinks, crimson and pale blue. Add annual lupine to this for a still different flower form and the feathery annual gypsophila and you will have | BRITISH BUILDING LOAN | SOCIETIES ARE SOUND | 22l symeophils and vou' wil bare your garden. All these can be started !in flats for earlier bloom and all of these are good for cutting. | If more flowers of a delicate type are desired, there are three excellent ones for cutting which also are soften- ing to the border—Didiscus or blue lace | flower of lavender, blue and pink, and calliopsis, which adds charm of line to any bouquet with its daisylike | flowers | In the cutting border there should certainly be some of the gay, colorful annual phlox, and with it the old- fashioned zinnia of which there are so many new and spectacular varieties offered this Spring. Do not forget that friendly annual the French and African marigold. One of the most satisfeetory of the cutting flowers in the calendula. It has great lasting qualities when cut and with its bright color adds a note of supreme bright- ness wherever it goes. | There are some new asters of interest. | One of them, “California Sunshine”| grows to a height of three feet and would be most satisfactory as a back- ground plant. Cosmos is another annual very good for this purpose, and beautiful when cut, even if no other flower is used with it. Its leaves are feathery and soft and show off to great advantage its starlike bléssoms. There is scarcely an annual that can surpass salpiglossis for color display. | This annual is not so well known as it | should be. for it is jolly for a splash of color. For a lowgrowing colorful| annual there is portulaca, which can| be planted to cover a bare slope or | rorner. Another gay friend is the old- | timer, verbena. Other annuals that charm us with their odor are nicotiana and mignonette It would be well to include in our annual border some flowers that would dry and be used later for Winter bouquets For this let us plant Statice, a lovely lavender flower; Globe Amaranth, with EGSCHATERCO 4100 Georgia Ave. AD-0145 Available on Most Reazonable Terms Ride out 12th Street to Randolph, east on Rardelnh St fe 13th St. then north on 13th SL. to Shepherd Chas. M. Waliingsford Builder and Owner 1010 Vermont Ave. N.W. National 2990 Washington’s Better Section of Semi- Detached Homes! |/ peciarea Weathered Now Offers the Greatest Financial Crises Better | Value on Today's Market i i ‘ At SRR Other Institutions. B d. Modern-to- | British building and loan societies a whole weathered the October financial crises in England better than other financial institutions, according to S8ir Harold Bellman, managing director of the British societies. “There are above one thousand societies in England.” he said, “and at the height of the crises not over 5 pe cent of the borrowers fell into arrea Sir Harold is in this country to arrange plans for the participation of American building and loan societies in the forthcoming international confer- ence called to meet in London in June, 1933. University Place to Be Erected by W. C. & A. N. Miller. A three-story dwelling is to be | erected at 3301 University place at an ) estimated construction cost of $17.50: |by W. C. & A. N. Miller, owners and builders. | The house is to be of brick. stone | and frame construction, according to | plans just filed with the District Gov- | ernment. to Have | as | place to cal [/ 5724 3rd St NW. WAPLE & JAMES, Inc. 1226 14ll;l Si 3 N.W. Evening—C rdan—Dec. 5765 Beautiful Saul’s Addition 4800 Iowa Ave. N.W. House on today's oom home, porch eal for the Dividends Reported. North Carolina building and loan | associations paid to their shareholders more than $4,300,000 in earnings and dividends in 1931, according to Dan C Boney, State Insurahce Commissioner There 229 organizations operating the state with resources totaling 1 345,383, a decrease of $6,843,990 compared to 1930. . = New Store Planned. | One 1-story brick store building | having an estimated construction cost ‘(rf $6.000 is to be erected at 708 Fif- | teenth street southeast by Martin Mc- | Inerney, owner and bullder, according | [to specifications filed this ‘week with th vernment. Realty Associates, Inc. 1427 Eye St. Nat. 1438 District G A Brand-New All-Brick Bungalow “Noiseless as a Cat’s Tread” LN W \ RIDHEET _ IL BURNE FOR BETTER HOME HEATING THE MOST ECONOMICAL METHOD OF FULLY AUTOMATIC HOME HEATING SPECIAL OFFER DURING MONTH OF MARCH DOME OIL BURNER CO. Sudsidiary of Dome Oil Company, Inc. 1723 Connecticut Avenue DEcatur 5828-7-6 HERBERT L. LACY, “CY” J. WARNICK, Pres. and Business Mgr. 1st V. Pres, in Charge of Sales attie ready 1 rooms and ba front porch ](\;AI;:‘\(;I' 412 Turner Street CHEVY CHASE, MD. Open This Afternoon and Sunday from 10 AM. Till Dark To Reach: Turn right on Western Ave. at Chevy Chase Circle. 300 vds. to Broolevills Rd., fhen north to Turner St : SHANNON & LUCHS 3 """Nl 236 s brick TIME STILL REMAINS TO START ‘ SEEDLINGS FOR SPRING GARDEN Annuals Indispensable Later in Summer When Perennials Are Not in Bloom, Plant Expert Holds. flowers like large clovers, and Gilia, blue thimble flower, a hsavenly bl All of these retain their color remark- ably well. | You might like to add some entertain.- | ing climbers such as Balloon vine, Balsam apple. Canary Bird vine, Cardinal climber, Cobaea scandens, | Cypress vine, gourds and tall nasturtium. The Compliments I've Had About My Good Painting Job! I’ll ALWAYS INSIST ON PAINTS BUILERFLINN P-A-I-N-T 607-609 C St. It was purchased from the North | D. C., SATURDAY, APRIL -2, 1932. DENARD 5 SE FOR BANKING PLAN Results of Federal Question- naire Show Sentiment for Home Loan Proposal. The results of a questionnaire sent | out by the Department of Commerce | at the request of Representative Luce of Massachusetts and Senator James Watson of Indiana will show demand for creation of the proposed system of Federal home loan banks, it was pre- dicted today by the National Assoca- tion of Real Estate Boards. This survey of opinion, it is reported, brought, answers from national savings banks, State banks, loan and trust companies and mort- gage banks, the realtor body reports. The findings, tabulated but not yet Ipnor to the attack at Hal i FARM OF JOHN BROWN BRINGS $2,600 AT SALE Bandy Hook, Where Abolition- ist Organized Forces. Special Dispatch to The Star. HAGERSTOWN, Md., April 2—The | John “Brown farm at Sandy where the famous abolitionist stayed | rpers Fel n 1859, was sold this week at public auction for $2,600. Bert Ankeney bought the farm, which consisted of 253 acres. The farm building. which was used by Brown to organize his forces for the attack, is still standing. Brown rented the farm on July 83, 1859, and preparations were laid there for the sttack on the Harpers Ferry arsenal. which took place on the night of October 16. VALUATION CUT ASKED Reduction of 25 per cent in the tax valuation of St. Louis real estate, to take effect immediately, is asked by the St. Louis Real Estate Exchange. made public, show that the proposed system would be “welcome,” according | t0 & report of a statement by Mr. Luce. This is the basis of the prediction b the realtor body officials. The questionnaire sought answers to | these questions: What would be the probable effect of the proposed reserve system upon the operation of mortgage lending institutions? Would it add flexibility and security? Would it in- crease the amount of credit available? @ State action as well as city action is asked. The exchange urges that the reduc- | tion be offset in part by more stringent economy, and in part by shifting the burden to other forms of wealth. Values of St. Louis real estate have | materially decreased since 1925 on ac- | count of rent reductions and vacan- cles, but tax assessments have not been reduced to correspond to the reduced | values in earning power, the board state: Forest Hills 28th and Albemarle Sts. N.W. *35, Here is the home of many ¢ vidual and soundly built. Entirely of stone and brick with gutters, and furred walls, uated on a wooded corner | Park. There are 5 bed rooms 750 harms—strikingly indi- k with slate roof, copper this imposing home is sit- ot overlooking Rock Creek and 3 baths on the second floor; large living room, dining room, library and servant’s quarters on first floor—recreation room and -car garage. Phillips & Exclu: For Sale Open Saturday Afternoon and All Day Sunday Canby, Inc. sively Inves by Owner 6522 7th Place N.W. Artistic Detached Home Attic 3 bed rooms 2 cedar closets Tile bath in colors Spacious sleeping porch Copper down spouting Hardwood floors Real fireplace Screened This new modern home is of unusual charm, em- bodying many new ideas in improved construction and plan. You will be surprised at the Reasonable Price We Earnestly Invite Your Most Critical Inspection Open Until Nine Drive out Georgla Ave. t 3 o Van Buren, thence east two blocks to 7th Place and turn right J. DALLAS GRADY 1010 Vermont Ave. Dist. 9179 ... and the FIRST TIME such inherent QUALITY has been built into homes Exhibit Home FEATURES House 43 ft. deep Metal weatherstripped and screened throughout Beautiful sun porch 2 baths (one green and one black and white) Spacious kitchen Wonderfully equipped Large recreation room (18x22 ft.) Electric refriger: “Standard” plumbing fixtures Fire walls between porches Built-in garage with “Over-the-Top” doors Lot 18x100 at the price! E are proud to ‘ pride wgs taken cellar to roof QUALLI 5529 2nd S . N.W. show .these homes because in their construction. From I'Y is the keynote of every detail of workmanship and finish. “All-brick con- struction, and ONLY at a glance that the high standards of been made easy for yi opportunity to purcha even less than rent. excellence. Bert Ankeney Buys 253 Acres at|Mrs. May Thomas Guinn Acquires of 300 acres, known as Bonnie Doon | the best of materials show v have heen built to meet Ownership has ou. Take advantage of this se your own home at a cost Open Daily and Sunday From 10 AM. Till 9 P.M. DAVID BROWN, Builder WEA_VEBLRO - : REALTORS Exclusive Agents Washington Bldg. Dlstrict 9486 REAL FARM NEAR CULPEPER IS SOLD FOR $16,625 ESTATE. B-8§* $16.625 for the whole, which was con- sidered above the average in the pres- ent trend of prices. A store house on Main street in the town of Culpeper. was sold to W. W. Brown for $6,.800, and four one-family apartments, known as the Forbes Row, also on Main street, were purchased by Richard Forbes for $12,000. The dwell- ing house and lot on Culpeper street near the Methodist Church brought \:’10.300. and was purchased by R. A. rbes. 800-Acre Bonnie Doon in Forbes Estate Sale. Special Dispatch to The Star. CULPEPER, Va, April 2—A farm and ]mwld onh.t.he Brandy-Culpeper | Highway, less than a mile from this ildi place, was a part of the real estate Bmmm‘ Two Houses, sold this week at a commissioners’ sale | Two 2-story brick and frame dwell- to settle the estate of Charles Forbes, |ings are to be erected at 3110 and 3114 deceased, former president of the Cul- | Quebec place at a total estimated con- peper National Bank and owner of |struction cost of $13,500, according to much real estate in and near Culpeper. | plans filed this week with the District. The purchaser was Mrs. May Thomas | The houses are to be erected by John Guinn, the price being $55 an acre, or J. Woodward as owner and builder. A REMARKABLE BUY! Bordering Rock Creek Park 1437 Shepherd St. N.W. $12.750 An all-brick, semi-detached, Gruver-built home, being offered through an exchange of properties at a sensational r price 4 Bedrooms—2 Baths 3 Large Porches 9-Car Brick Garage Just put in new-house condition. DON'T FAIL TO INSPECT OPEN SUNDAY ALL DAY H.G.Smithy Co. 1418 Eye St. NW. Natl. 5904 PROPERTY—BOUGHT AND PAID FOR— but is it yours? How do you know but that at some future time the question of ownership may be dragged into the courts, with resultant ex- pensive attorney’s fees, court costs and pos- sible loss of the property, through some theretofore undiscovered flaw in the title. TITLE INSURANCE will render this impos- sible. For a small premium, payable but once, you can invoke the power of our more than Sixty Million Dollars ($60.000,000) Capital Funds to fight for your rights. Don’t delay such an important matter. sure today. NEw York TITLE AND MORTGAGE COMPANY Capital Funds over $60,000,000 810 15th Street, N. W. (Shoreham Bldg, Phone: Metropoiiian 3900 A. W. Hoover, Assistant Vice President in Charge In- - Al EW YORK ill ParKk of the most attractive, highly elevated natural set- tings in the substantial North Washington area, North Hills is a real achievement in planned residential de- velopment. Sligo Valley Park winds protectingly beside it. Parklike drives serve every home. Every city convenience. The important Colesville (Balti- more) Highway leads you to its entrance. Less than 30 minutes from the White House, 16th Street bus service at the corner, orth Sligo Every Provision for Real Living Is Permanently Built Into This Modern Brick Home The huge living room, with its open fireplace and delight- ful knotty pine treatment, opens upon a full-length porch commanding a mever-to-be-obstructed view. Large, bright dining room. Roomy kitchen with modern equipment. in- cluding latest type gas range. 3 spacious bed rooms, colored tile $ath with shower, two-car bullt-in sarage. Corner lot containing approximately 3 quarter acre. Broad, rolling lawn flanked by massive oaks and over- looking Sligo Park. Price, $12500. Liberal Terms. Straight out 16th St. to D. C.-Md. Line. Bear right and follow signs to property. OR from District Line at Georpia Ave. drive morth to trafic light. Turn right about @ mile 2o North Hills. Office, 7900 Georgia Ave. BUILDERS E. BROOKE LEE, President