Evening Star Newspaper, July 16, 1932, Page 16

B2 HOME FINANCING T0 BE DISCUSSED U. S. Building and Loan| League Will Face Problems at French Lick, Ind. Reserve credits, Government recon- | striction programs in which the home | financing institutions are included and Rapon of the Building and savings | o om a wider scale will e consid- ered at the convention of the United States Building and Loan League at | French Lick, Ind., September 1, 2 and 3. The convention, to be attended by delegates from building and loan in- | stiutions in all_sections of the coun- try, will mark the fortieth year of the league’s operation. Mary Are 40 Years Old. In this connection, it is reported that | 2.700 of the country’s building and loan | assoclations are 40 vears old this year. | Wiliam E. Best. Pittsburgh, president of the league, finds that practically every State is represented in this list and that more than 400 of the associa- tions have passed their 50th anniver- gary and that some are still older He sees in these reports a witness to the stability of the associations whose business is based on a mronthly repay- ment mortgage plan “The French Lick convention will have as one of its chief objects the paving of the way for another 40 years of sound and safe operation for these long-existing associations, as well as for those which have been founded during the last 40 years. Our job at this con- vention is not only to bring home credit into wider use, but also to make it pos- sible for all who want building and loan mortgages on sound security to have them. This involves thorough disct sion of reserve credits, Government re- construction plans in which the home financing institutions are included and the development of the building and loan savings plan among those who have not yet acquired the thrift habit All of these subjects will occupy pr mary places on the convention program. Made Greatest Growth. “The greatest growth in_the building and loan business has taken place in the 40 vears during which the Unithd States League has been in operation as their central organization. The total assets of the associations are now close tc $9.000.000.000. as compared with £473.000,000 in 1893. This gain was due not only to the formation of new associ- ations, but to spectacular growth dur- ing the last 40 vears on the part of the individual associations whose charters antedated the league’s organization Our list of 40-year-old associations now includes 35 of these, with assets of more | than $10,000,000. Entries in the national speaking con- test, which will take place at the United States League Convention, now include £ix from the States of Louisiana, New York, Illinois, New Jersey, Massachu- setts and Missouri Meetings of the special divisions have been assigned places on the three-day program, including the appraisal divi- sion, whose chairman is Edwin Ein- stein, Pomona. Calif.. attorneys' divi- sion, headed by Judge Francis V. D. Lloyd of Hackensack. N. J.; advertising and business development division, headed by Clarence T. Rice of Kansas City. Kans.: accounting division, George L. Bliss of New York City. and the State supervisors’ division, George W. Wagner of Jefferson City, Mo. $200,000 ARLINGTON TRANSFER RECORDED Deed Conveys Property of Defunct, Capitol Refining Company to Packing Concern. By a Staff Correspondent of The Star. ARLINGTON COUNTY COURT| HOUSE. Va. July 16.—A deed convey- ing the property of the defunct Capitol Refining Co. to the Jacob Dold Packing | Co. of New York was placed on record | in the clerk's office here this week. The property was purchased at auction on March 1 for $200,000. The transaction | is one of the largest recorded here in recent months ‘The deed was given by E. C. Andrews J. N. Scully. G. L. Talley. W. F. Priest and Leo P. Harlow, trustees. The prop- erty consists of a large building and several acres of ground on Columbia pike near Relee Station. It has not been used for several years VALUE OF REPAIR WORK URGED UPON REALTORS National Body Cites Need and Benefits of Programs for Im- proving Properties. The realtors of the country should take the lead in the work of rehabili- tation of residential areas of cities needing improvement, it is declared in a resolution adopted by delegates to the recent convention of the National Association of Real Estate Boards The rehabilitation of obsolescent residential areas in cities has become an apparent necessity, the statement declared, Modernization of such properties would make them useful and desirable for occupancy for a long time to come. the statement continued. “The present Jow costs of repairing and modernizing such properties presents an excellent | opportunity to do so at this time, and the modernization of such propertics will enhance their value and income, and will be of material benefit to the neighborhood and the community as a whole.” REAL ESTATE. THE EVENING New Suburban Residence Dwelling at 2 Hilltop road in the Sligo Park Hills section of Montgomery County which has been purchased by Claude M. Ward from the North Wash- | ington Realty Co.. builders. The house has a built-in garage. contains six main rooms and bath and —Star Staff Photo. NEW INDUSTRIES ADRBATY SALS Expansion Expected for Busi- ness Projects Started Un- der Economic Stress. The economic conditions prevailing today have caused a considerable num- ber of new inaustries to come into be- ing to promote ideas of cheaper manu- facture and to produce articles for public consumption at lower costs, ac- cording to Louis B. Beardslee of Chi- cago. This has helped to create a market for small properties throughout the country, and many of these operations, while-small at the present time. will develop into sizable operations which will require larger plants in the fu- ture, he told members of the indus- trial property division of the National Association of Real Estate Boards at the convention of realtors last week at Cincinnati. “During the past several vears in- dustry has committed itself to a pro- gram of utilizing one-story buildings to such an extent that there are more one-story plants erected at the pres- ent time than anv other type,” Mr. Beardslee said. “The one-story build- ing, therefore, has become the more readily marketable of any class of in- dustrial property. While it is true that industry has not been prone to invest money in properties. it has been willing to increase its plant efficiency by ac- quiring available one-story structures that promised economies of operation “Plants that have expanded. and then had to retrench, have found themselves with considerable areas of floor space for which they had no im- mediate. or perhaps future use. This has brought into the market a factor of competition that has resulted in many plants acquiring_excellent pro- perties at low cost and low rental. Due to the extreme retrenchment of indus- try. many branch plants have been permanently abandoned. Failing some- times to dispose of the property by sale, the owners have offered the properties for lease at very law rentals, especial- Iy on short-term leases. Industry has been quick to avail itself of such oppor- | tunities.” VALUATIONS INCREASE Average Jump of $1,200,000 Per City Is Shown. The assessed valuation of real estate | in the 177 leading cities of the count showed an average increase of $1,200, 000 per city for 1931, as compared with 1930, according to the National Munici- pal Review on the basis of statistics compiled by the Detroit Bureau of Gov- ernmental Research, which is headed by C E. Rightor. An analysis of these figures by the National Real Estate Journal shows that 86 of these cities increased assessed valuations last year over 1930, that 36 reduced the realty tax base and that 25 cities reported no change. The net increase totaled $221.000,000 over 1930. plant | |BALTIMORE TAX BASE | DROPS TO 2 BILLION Smallest Figure Since 1928, Ac- | cording to Unofficial Forecasts ‘ Made at City Hall. | Special Dispatch to The Star. | BALTIMORE, July 16.—Baltimore city's taxable basis for the next year may drop to $2.000,000.000 or below, the smallest figure since 1928, accord- | ing to unofficial forecasts at the City Hall. The basis for 1932, in round figures, is $2.127,000,000, approximately —$9 000,000 below that of 1931, which was almost $2,250,000,000, high-water mark in_the city's history Up to and including 1931 the city’s taxable basis rose year by vear, al- most_doubling in a decade. The basis for the current year, instead of con- tinuing the upward movement, regis- tered a decline. Last year 1 cent on the rate was figured as producing $120.- 000; this year 1 cent on the rate is calculated to produce $116,000. Next year 1 cent will produce con- siderably less. How much less no one knows until October, when the Appeal Tax Court has figured the taxable basis for 1933. and until the Board of Estimates has reckoned how high a percentage of collections may be an- ticipated. WIRED FOR ELECTRICITY More than two-thirds of the homes in towns under 10.000 population are wired for electricity, according to a compilation _recently made by the Household Magazine, based on data gathered by the Department of Com- merce. This figure, 67.43 per cent in towns of under 10.000 population, is slightly higher than the national average of 66.77 per cent of homes wired. On the other hand, in cities over 10,000, more than 9 out of 10 homes (91.68 per cent) are wired for electricity, while only 1232 per cent of farm homes were so cquipped. The fgures are for the year _ Wide variations in the percentage of homes wired in different regions are revealed. The Pacific region leads in the percentage of homes wired in cities of over 10.000 and is second onlv to New England in the percentage of farm homes wired, approximately half of the farms being wired in each of these regions. The regions in which above-average percentage of homes in towns of under 10.000 were wired were "\'!"»\' England. Middle Atlantic | North Central, West North Central | Pacific. | Rz and Just Off East Capitol Street 17 8th St. N.E. Modern Brick. 9 Rms.—5 Bedrooms—Bath 2-Car Brick Garage Price, $8,350 Inspection By Appointment L. T. Gravatte 729 15th Realtor Nat. 0753 FIRST TIME OFFERED! Another New Group of Lifetime Homes Overlooking Every thing in Petworth 4th and EMERSON STS. N.W. 6 BIG ROOMS 3 PORCHES GARAGE 142-FT. LOTS Only $9,250 Monthly Payments EASY TERMS 8-ROOM HOMES Priced at $9,450 ture. ‘adi variety of this Fadiator: K Evervthing STEP-DOWN LIVING ROOM A detichtrul. GORGEOUS drainboard. Note These Features: RECREATION ROOM An extra room. pletely finished. with or- namental fireplace. in the basement. - Just the place for a den or for enter- taining. No obstructions. 2 COLORED BATHS Reautifnl blue and green colored tile com- Built-in fix new fea- ing interest and to the treatment room. Concealed ITCHEN silver Venetian mirror ouble and medicine cabinet. STAR, WASHINGTON, 5200600 BUILDING PLANS APPROVED Structure Will Be Erected at 1309 F at Cost of $60,000. —_(Continued Prom First Page) _ Harris, designer; Hopkinson & Green- | street, builders; to erect one 2-story brick dwelling, 4630 Davenport street: to cost $7.580. | A. B. Jeffrey, owner and builder; | Louis de Ladurantager, designer; to | jerect one 2-story brick, frame and | stucco dwelling, 1405 Monroe street | northeast; to cost $5,000. Francesco Mancari, owner and builder; H. W. Gaines, designer. to erect one 3-story brick addition and make repairs, 3459 Fourteenth street; | to cost $3,600. Shop to Be Built. | Robert Hurley, owner; Julius Wenig, | architect; T. F. Collier, builder. to erect one 2-story brick 'and_ concrete | shop, 923 V street; to cost $3.500. Charles Daniels, cwner and builder; J. A. Melby, architect; to erect one 2- story brick dwelling, 2303 Irving street northeast: to cost $2,500. Third Church of Christ Scientist, | owners; Davis, Wick, Rosengarten Co., Incorporated, builders; to make repairs, Thirteenth and L streets; to cost $2,000 Miss Bodie Halloran, owner: to move frame dwelling back on building line, 4401 Conduit road; to cost $1,500. Delia T. Mannix, owner and builder: to make repairs 1400 North Capitol street: to cost $1,500 Riggs National Bank, owners; C. Wohlgemuth. jr.. builders; to make re- pairs, 831 Seventh street; to cost $1,400 Kate King. owner: L. W. Giles, architect: William Dixon, bulider; to erect one 2-story frame addition, 512 Fiftieth street northeast, to cost $1.000 A. W._ Duvall, owner and builder W. Giles, architect: to erect one 2-story frame addition, 113 Anacostia road southeast, to cost $1,000, Permits for Additions. J. H. Lee, owner: R. I. Vaughn. arch- itect; William Angelelli, builder; to | erect one 2-story brick addition, 69 P street. to cost $1.000 W. C. Van Vieek, owner: D. D. Simp- | son, designer; Frank Simpson Building Corporation, builders; to erect one 2-story frame addition, 4120 Harrison Street. to cost $1.000 Edward E. Darby. owner: Charles Spicknall, builder: to erect one brick private garage, 3811 Fulton street, to cost $1.000 Harriet Bittman Barth, owner, de- signer and builder: to erect one 1-story brick and tile addition, 2036 O street to_cost $850 Republic Investment Co.. owners and builders: to make repairs, 1734 Seventh street, to_cost $800 Frank McCampbell, owner: to move frame back on building line, 5024 Con- duit road, to cost $600. Lewis Taylor, owner: J. G. Patterson, builder: to make repairs. 2634 Nichols avenue southeast, to cost $500 Fred J. and Cora A. Icenhower, own- ! ers and builders: to make repairs, 5212 Tllinois avenue, to cost $500. $32.173.221 in Permits. ‘ Building permits issued in 215 cities of the United States during June, 1932, as reported by Bradstreet's, were valued at $32.1 This s 7 per cent less than those granted in May, which amounted to $34.566.714. The total in | June, 1031, was $89.543.442. Thus | there has been a decline of 64.1 per | { cent in the past year. an | East | Home that you will find for miles around riect and Cozy A NEW BUNGALOW ASHTON HEIGHTS, Built on a beautifully shad with Ridl Ghimets alaid linoleum kitchen, hig floored attic, dayligh other -features. several designs in group. i Drive Wilson Boulevard through Ave. 3 hlocks. or take Armold B G Sts. and get off at Milton Ar a charming picture, unusually designed in Cclonial influence. contains all the comforts of a larger plan <hower, brick fireplace, double Garage to match. D. (., SATURDAY. JULY 16, 1932. Improving Your Home Old Furnishings Made New and Rearranged to Beautify Room. PHOLSTERING multitude of sins. Nothing succeeds like new upholstering when it s a question of mod- ernizing old furniture. Often chairs or sofas which seem beyond hope can be completely transformed into charming pieces by smart new coverings which will frequently overcome defects in proportion and line. Our old room, you will remember, was dominated by a dark. overstuffed, bal- loon-like sofa. A comfortable but bulging armchair, upholstered in the same monotonous _dark taupe cut plush, formed a drab spot nearby Our first reupholstering move, then, is to recover the sofa with a smartly | tatlored rep fabric in a soft blue-green. which softens the sofa’s line and gives it a trim and smart appearance. Two pillows in terra cotta were used as col- Real Value! Now open for inspection. Several new and different— MODERN HOMES 51ig"u Park Hills Better Homes-Better Location surpassed location. from— $8,950 Drive Out Georgia Ave. to Slize Ave. Turn Richt. Follow Signs. est_and finest n this_un- Homes priced Office 7900 Georgia Ave. lORTH ASHIMTDN Reaity VY Compeny inc| € BROOKE LEE, President. - - | INUSUAL IN DESIGN 360 Milton Ave. CLARENDON, VA. $7,250 VERY EASY TERMS ed lot, this bungalow prf‘emli t Lovely tiled bath tiled drain board sink, and electric refrigeration in ht modern hasement and many See it now. Selection of Clarendon and Ieft on Milton us marked No. 4 at 12th and e. and walk morth 113 blocks. OPEN SATURDAY 2 TO DARK AND ALL DAY SUNDAY BOSS & Va. Office Arlington Title Co. Bld PHELPS k. Clarendon, Va.-Walnut 8815 can cover alorful accents on the sofa. | Then we took 20 vears off the age of the chair by recovering it with a colorful figured by covering it with & colorful figured glazed chintz of the same material as the overdraperies. Pleated valances, added to the bases of both chair and sofa, served the double purpose of hiding the ungainly base and bringing the furniture down toward the fioor giving an air of greater stability and repose. Rejuvenation of Rocker. Next comes the rejuvenation of the low-arm rocker, a piece o popular in 0000000000000, NEW ALL-BRICK HOME In Chevy Chase, D. C. For $9,950 3 bed rooms. 2 baths, attic; large lot, garage. NO. 6233 31st ST. east off Chevy Rittenhouse &t % (Turn Circle Chase nhouse T Utah | Ave m Utah to 3ist. east to OPEN TODAY AND SUNDAY EDW. H. JONES & CO., Inc. Cleve. 2300 122222222222 222 UNEXCELLED LOCATION! 2000000000000 0000000000000 0000 $00000000000000000000000000 Upshur St., near 16th EXHIBIT HOME 1425 UPSHUR STREET Open and Lighted Until 9 P.M. All-Brick Construction 2 Covered Porches 8 Spacious Rooms Step-Down Living Room Recreation Room with Ornamental Fireplace Concealed Radiators Gorgeous New Kitchen New Model Frigidaire Folding Dinette Set 2 Colored Tile Baths Copper Screens 2-Car Brick Garage Lots 140 Ft. Deep CAFRITZ ——————————— REAL ESTATE. many home. A figured cushion with a saucy ruffied skirt is added to the seat | of the chair and a pad is tied, Colonial | fashion, to its back. The material used for both pad and cushion is a glazed chintz in small figures of light terra cotta and ivory on a terra cotta ground. In meny homes an old patent rocker offers a problem all its own. Every one likes the comfortable tilt, but no one cares for its antiquated appearance. An effective method of treating this piece is to wedge the rocking base at the angle you prefer and then put a valance around the lower part of the chair to hide the base. Add a smart Buy a Home With ‘upholskflng to the rocker'’s back and | seat and you have a chair as com- | fortable as ever and really good looking, Pads Placed on Seats. In our room pads are also placed on seats and backs of the small chairs, | providing _bright spots of color as | well as an opportunity to hide some outmodeled gingerbread spindles and | carvings in the design of the chair | backs. Before we can proceed with the grouping of our redressed furniture we must consider certain bad architectural features that are common to most of the older houses. C.H All Conveniences $7,650 Sample House, 1824 Bay St. SEE. a telephone el et loset B pdining se With benches Garage water heat (oversi water storage tagh'T "oler) fece laundry tup b l'!'lhrlh i tin roof. 20 Ibs. REASONABLE TERMS Steuart Brothers, Inc. Real Estate Construction 138 12th St. N.E. North Cleveland Park Homes Priced to Sell! 3722 Windom ENGLISH COLONIAL—6 large Place—$10,950 rooms, 2 baths, glass-enclosed breakfast and sleeping porches, nice yard, garage. 3712 Yuma Detached brick and stucco home. S tion room on third floor; two baths St.—$14,750 even rooms, including large recrea- : 2-car built-in garage; large vard. 4327 Reno Road—$14,950 4 bedroom home—detached brick home of & rooms, 2 baths, attic, garage. THESE HOMES REPRESENT RE OPE} ARE MARKET. AND E AND D NDAY WM. M Out Where the C. All brick residence, six artis The location affords <paces and club advantages. veloped the Route Incl the 17th. inspection of Lee Highway Hills and iollow the fio Hor Real Exclusive Agent for 1627 K Street Country Club Hills Virginia garage, landscaped lot containe 820 <quare feet appointments of this delightiul h a this to Washington Golf and Country Club, right into Country Club W. S. Hoge, IJr. ON TODAY'S NSPECTION R AILY TO 9 P.M. THROCKMORTON 208 INVESTMENT BLDG. Dist. 6093 ool Breezes Blow th 2 tiled baths, built-in The detail and were well planned and de- city m conveniences, plus open home in vour drive Sunday to Glebe Road, rig on Glebe me” arrow. tor Country Club Hills Dist. 6563 OPEN DAILY UNTIL 9 P.M. OWNERS @AFR’T? BUILDERS ® OVER 3,000 CAFRITZ LIFETIME HOMES BUILT AND SOLD ¢ Outstanding Only $8,950 Terms Located 1500 Stratford Drive Waycroft (Near Clarendon, Va.) Only 20 Minutes From White House Open Daily Until 8 P.M. Brick, six lovely rooms and bath with shower—open fireplace —Ilarge living porch—model kitchen with electric refrigeration —detached garage—all other conveniences, including hot-water heat. beautifully land- scaped. Also New 5-Room Bungalow EQUIPPED AS ABOVE $7,950 Cross the Key Bridge: turn right on Lee Highway. Continue on Lee Highway three miles . section of Glebe = Road on Glebe Road 9-10 mile to properts. Waycroft may also be reached by Memorial Drive. by way of Clarendon. Geo. D. Ricker Phone Clar. 2120—Clar. 103-W-1 Owner & Builder alue! . . Location! . . Construction! Environment! (High and Cool) MODEL (| . . Elevation! FE e = 54 5] 'y = HOME 63 Longfellow St. N.W. Open Sunday and Daily Until 9:30 P.M. prce 97,950 w Very Reasonable Terms NOTE THESE FEATURES Tapestry Brick Construction Six Large Rooms Elaborate “Colored” Tile Bath Witk Shower Covered Concrete Front Porch Double Rear Sereened Porches Master Bed Room With Twe Closets and “Alcove” for Vanity nd Trim Natural Wood" Hardwood Floors Throughout in Fivish Sidewall Eleciric Fixtures Paneled Papering Chromium Plumbing Fixtures Beautiful Landscaped Ter: 621 N.W. errace Lawns Wit Brick Retaining Wall—Wonderful View of J. E. Douglass Co. “Ultra-Modern Kitchen” h w0xt, c Doabie Draiaben With ~Bure™ Dra test Type Console Gas Range (Insulated oven). Electric Clock. Armstrong Inlaid Linoleum. Sanitas, Finished in Green and Ivory. CLUB ROOM Beamed Ceiling—Well_Ventilated BUILT-IN GARAGE with “over-the-top’ doors. With an Attractive City Met. 5678 P E AR [ s T3 3493 Oliver St. N.W.. Chevy Chase. D. C. Situated in the heart of Chevy Chase, D. C., on a beauti- -ful lot 60x120 ft. to a paved alley, is this lovely brick and frame home. b There are 6 large rooms and 2 full baths, and the equip- ment consists of every modern improvement, such as hard- wood floors, colored tile baths, open fireplace, beautiful fix- tures and decorations, large Frigidaire, copper screens and weatherstrips and slate roof. Only an inspection will convince you of this value. $10,450 on Easy Terms Phillips & Canby, Inc. Exclusively Investment Bldg. NA. 4600 e 3228 CLEVELAND AVENUE e Such a low brick home of this charac- ter in Washington’s most exclusive residential section We advise your immediate in- spection of a truly out- standing buy. price—for a —speaks for itself! Wide reception hall, cious living room with fire- place. two solariums, large dining room, breakfast room, first floor lavatory, 6 spa- s2,3...500 Open Today Until 9 P.M. Turn west on Calvert St. at Conn. Ave. Bridge into Cleveland Ave. bed rooms, 3 baths, built-in garage. dition throughout. In new house con- National Mortgage & Investment Corp. 1004 Vermont Avenue NAtional 5833