Evening Star Newspaper, March 2, 1935, Page 16

REAL ESTATE. —_— T ——— REAL ESTATE, THE EVENING STAR, WASHINGTON, D. C, SATURDAY, MARCH 2, 1935. Private Construction Total Reaches $883,400 in Last Month. (Continued From First Page.) builder; to erect two 2-story brick and tile dwellings, 5915 and 5921 Nevada street; to cost $14,000. Two Brick Dwellings. Jacobson Brothers, 1616 K street, owners and builders; George S. White, designer; to erect two 2-story brick dwellings, 1339 and 1343 Somerset place; to cost $6,000 each. I. A. Lehman, owner and builder; Dillon & Abel, designers: Charles| Sturbitts, 3900 McKinley street, build- er: to erect one 2-story brick dwelling, 3130 Tennyson street; to cost $11,000. Anna Smith, 3009 Cathedral ave- nue, owner: W. T. Carrigan, jr., de- signer: builder not selected; to erect| one 2-story brick accessory building to dwelling, reer 3215 Cathedral ave- nue; to cost $7,000 i Edward E. Adamson, street, owner and builder: E. J. Con- | ner, designer; to erect two 1!,-story brick dwellings, 215 and 219 Tuck man street; to cost $3,700 each. i J. C. Price, owner and builder: F. G. Wilcox. designer; to erect one 1':- story brick and frame dwelling, 522 Underwood street.; to cost $6.000. Andrew P. Anderson, 2302 Monroe street northeast, owner, designer and builder; to erect one 2-story brick and tile dwelling, 4005 South Dakota ave- nue: to cost $6,000. Jerome Rosen, 1006 K street, owner and builder; Marcus Hallett, designer: to erect one 2-story brick dwelling, 40 Milmarson place; to cost §5,500. Maud V. Fanning, 1356 Spring 6101 F‘uurth} NEEDFORH.0.L.C. CONTINUES HERE Almost 1,900 Homes Saved, but Many More Are Be- lieved in Distress. The above photo shows the living room of a new home at 7121 Eighth street, Dahlia Terrace. has been recently constructed by the real estate firm of L. E. Breuninger & Sons. The house —~Star Staff Photo. road, owner; Elmer Herron, designer: | F. L. Fanning, 1356 Spring road builder; to erect one 2-story brick and tile dwelling, 6623 Seventh street to_cost $5,000. Paul T. Stone, 918 Fifteenth street, owner and builder; George S. White, designer; to erect one 2-story brick dwelling, 6220 Thirty-first street; to cost $5,000. S. Kann Sons Co,, Eighth and Mar- ket space, owners; Edward E. Ashley, designer; James L. Parsons. jr., Homer Building, builder; to make repairs, southeast corner, Eighth and D streets; to cost, $5,000. Jacobson Bros., 1616 K street, owners and builders; George S. White. de- signer; to erect one 2-story brick dwelling, 1330 Somerset place; to cost $5,000. John and Marie Pratantuono, 102 D street, owners: Marcus Hallett, de- sigaer; John J. Ward, 323 Longfellow street. builder; repair 101 D street; to | cost $3,500. The Hecht Co., Seventh and F streets, owners; H. E. Rawlett, archi- | tect; James L. Parsons, jr, Homer Building, builder, to make repairs, 513-19 Seventh street; to cost $1.800. Two-Story Addition. Oscar Myers, 920 Shepherd street, owner; J. S. Farmer, 4027 Ninth street, designer and builder; to erect one 2-story brick addition, 920 Shepherd street; to cost, $1,500. Whelan Drug Co., Inc, owners; E. Goldberg, designer; E. G. Contract- ing Co., Inc., Broklyn, N. Y., builders; to make repairs, and Columbia road; to cost $1,000. Goring & Horning. Tower Build- ing, owners and builders; to erect four brick garages, 227 to 233 Jeffer- son street; to cost $200 each. Benjamin Kraft, 712 H street north- east, owner; Virgil Dennis, 624 Sev-| enth street northeast, builder: to make repairs, 720 L street southeast; | to cost $450. The Salvation Army, 639 New Jer- | sey avenue, owners; to erect brick | and concrete wall, 524 First street; | to cost $450. | Whelan Drug Co. Inc, Eleventh | and D streets, owners; E. G. Con- | tracting Co., Inc., builders; to make | repairs, Eleventh and D streets; to | cost $300. Morris Gittleson, 1615 Webster street, owner; R. C. Archer, jr., archi- tect; Samuel Widre, Third and L| streets, builder; to make repairs, 3424 Fourteenth street; to cost $300. Jacobson Bros., 1616 K street, own- ers and builders; to erect one brick garage, 1330 Somerset place; to cost $300. United Cigar Stores Co., owners; E. G. Contracting Co., Brooklyn, N. Y., builders; to make repairs, Twelfth street and Pennsylvania avenue; to cost $200. | J. C. Price, owner and builder; F.! G. Wilcox, designer; to erect frame| garage, 522 Underwood cost $200. Frame Garage. Paul T. Stone, 918 Fifteenth street, owner and builder; George S. White, designer; to erect frame garage, 6220 | Thirty-first_street; to cost $200. Mrs. W. R. Harrison, 5118 Cathedral | ayenue, owner; to erect frame garage, 5118 Cathedral avenue; to cost $250. | J. P. Herrmann, owner; to make| repairs, 901 Seventh street; to cost $200. i F. G. Hammer, 6006 Thirty-fourth | place, owner; to erect retaining wall, 6006 Thirty-fourth place; to cost $235. Paul T. Stone, 918 Fifteenth street, owner and builder; to erect frame garage, 5505 Thirtieth place; to cost | $200. J. T. McCauley, 205 Sixth street Southeast, owner; Murphy & Olm- sted, architects; Eugene Entursli, builder; to erect porch, 205 Sixth street southeast; to cost $200. J. H. B. Swain, 1827 Good Hope road southeast, owner; J. W. Crawford, builder; to make repairs, 1827 Good Hope road southeast; to cost $200. Duplicated At This Price 9,250 4613 Davenport St. N.W. An attractive home, 2 years old, that is better than new because its owner “Fourteenth street | | chases street; to) [} | 'Spending Habits to Grow on Popula-| tion—More Investments in Home Properties Foreseen. | l ‘ Based upon a four-year study of the spending habits of American sumers for the 23-year p 11909 to 1931. and a projection of | these habits, it is estimated by Wil- ! liam H. Lough, president of Trade- Wi Inc., and formerly a professor | of finance at New York University, | that by 1948 the income of the aver- ‘;mze American family will have risen 25 per cent above the level attained in 1929 The upswing from the current level, once it gets started, may be violent Assisted by Martin R. Gainsbrugh, | Mr. Lough presents the study. said to be the first of its kind, in a book en- titled “High-Level Consumption,” to | be published by the McGraw-Hill | Book Co. ! Fads and Waste Predicted. | Most conspicuous in the next pe- | riod of prosperity, according to Mr. | Lough, will be “an insistent, appar- ently insatiable demand for larger and finer living quarters—not only by | the wealthy but among all income Igronps. The amount of tasteless ex- | travagance and wastage in this field | will be astounding. The number of domestic servants as well as the vol- ume of impersonal services devoted ! to households will be far in excess of | any previous experience. The heavy | outgo for personal appearance and for | recreation will no doubt inspire i strange fads sweeping in rapid suc- cession from one end of the country to the other.” Nearly half of consumers’ pur- made for the sake of enjoyment, so- cial approval and display. The last- named motive will govern about one- eighth of all purchases. Consumption will become more and more unstable and its instability will keep the en- tire economic system in a continual | state of turmoil. Home Gains Predicted. “Up to the present time.” writes Mr. Lough, “about two-thirds of spendings for the sake of conspicuous- ness of consumption have been con- centrated on automobiles and home maintenance. A crucial question in any attempt to forecast consumption is whether a shift of public interest from one of these classes to another is in prospect. The number of ob- jects suitable for a display of spend- family, it should be recalled, is very limited. The automobile, the chief beneficiar: CASH BUYERS For all types of Investment Properties Properly Priced Call Mr. Carr THos.dFisHERig INCORPORATED 738 15th St. N.W. Dist. 6830 P has taken excellent care and added many features. Also developed a beautiful garden. There are 3 bed rooms, much larger than the average, a beautiful bath with :hower, attic, slate roof, practically all brick. This home, located on a knoll, of Dutch design, has a perfect setting. Lot 190 feet deep, garage with automatic doors. | To Inspect—Out Mass. Ave., right | on 46th St left at Davenport. Open All Day Sunday Frank S. Phillips W 927 15th st pI. 1411 [f DINING ROOM. Dri Mills Bldg. Fourth Larger Incomes in U. S. Predicted by Finance Writer Mr. Lough calculates, will be 4936 BUTTERWORTH PLACE N.W. (2 Blocks North of Mass. Ave. at 49th) AN AIR-CONDITIONED HOME 2 BIG BED ROOMS AND BATH ON FIRST FLOOR. 3 BED ROOMS AND BATH ON SECOND FLOOR. RUGE LIVING ROOM. BIG, SUNNY KITCHEN ‘AND TWO-CAR BUILT-IN Built by 0. T. and W. A. Carr north two blocks and then turn west to hom ARTHUR CARR universal popularity of automobiles combined with the growing accepta- bility ®f low-priced makes, reduces the interest and conspicuousness that formerly attached to the ownership of an expensive car. This does not im- | ply an impending decay of the auto- | mobile industry, but only a retarded growth of the market for extravagant | styles and accessories, to the relief | and profit of many manufacturers.” | There will be a steady and expand- ing move toward home ownership and the acquisition of real estate, Mr. Lough believes. with a corresponding drop in the rate of popular dealings in securities. A steady expansion of life insurance sales appears practical- | ly certain. Family Debts Mount. The profit system, Mr. Lough pre- dicts, will be able to continue through any conditions now foreseeable. He anticipates a persistent growth in the volume of production of from 3!: to 4 per cent a year, with a constant ex- | pansion of spending for luxuries and | intangibles. The author sets $75 per | year as the probable average family | expenditure for alcoholic beverages by | 1948, | Mr. Lough views as “alarming” the | steady and rapid increase in the total short-term debt of the average Ameri- ' can family. “This growing burden,” | he states. “is the result of loans, not, of intallment purchases and other mercantile accounts which show tendency to decline.” Thrift Stimulant for Banks. 1 Banks are offered a new thrift | stimulant—a coin-controlled electric | bank clock for distribution to deposi- | tors. Once a day it buzzes for a coin, | keeps buzzing until the coin's dropped in. | NEW STONE AND BRICK SIX ROOM AND TWO BATH HOME $11,750 6318 UTAH AVE. NW. CHEVY CHASE, D. C. In addition to the regulation six rooms there are an entrance hall, small library or den, lqd a large finished and heated attic that may be used for a spare bed room. Oil heat, garage, large lot. Located on Utah Ave. % block north of Tennyson St. Open, lighted, heated, J. WESLEY BUCHANAN, Inc. 916 15th St, Realtors Met. 1143 GARAGE. nth NA. 2865 KEISER OFFICE SELLS 12 HOMES IN REGION Bethesda Deals Top Lists, With Edgemoor Group a Close Second. ‘The sale of 12 homes within recent ‘weekx were announced today by the real estate office of Cyrus T. Keiser, jr. | The purchasers and address of the homes are as follows. Mrs. Annie L. Bailey, 2937 Ordway street; Mr. and Mrs. Robert E. Bur- ney, 6815 Fairfax road, Edgemoore, Md.; Mr. and Mrs. Walter E. Hawes, 113 Lucas lane, Bethesda, Md.; Mr. and Mrs. T. Gordon Lindner, 4903 Leland street, Bethesda, Md.: Mr. and Mrs. Charles M. Lewis, 100 Lucas lane, . Bethesda, Md.; Mr. and Mrs. Robert O. McLoughlin, 534 Maple Ridge road, Battery Park, Md.; Mr. E. C. McKay, 4808 Montgomery lane, Edgemoore, Md.. Miss Virginia W Sargent, 5200 Wisconsin avenue; Mr. and Mrs. George P. Toth. 4813 Leland street, Bethesda, Md.: Mr. and Mrs. W. H. Theophile, 6817 Fairfax road, Edgemoore, Md.; Mr. and Mrs. Albert B. Heagy, 4815 Leland street, Bethesda, Md.; Mr. and Mrs. Edwin E. Brown, 114 Lucas lane, Bethesda, Md —_— Quick Painting Advised. Outside woodwork, especially new | wood, should be painted as soon as possible after the last nail has been driven. Otherwise time may be wasted waiting for the wood to dry thoroughly after a rain. Excessive drying of the wood and consequent cracking is also avoided by prompt painting. (Continued From First Page.) approved the move to supply funds to take care of applications on file, but oppose violently the attempt to reopen the corporation to new ap- plicants. Only 200 Cases Pending Here. If the size of the H. O. L. C. ap- propriation is held to minimum re- quirements the District probably | would receive proportionately less thln' any other section of the country. Due to the comparatively small size of the local office and the efficiency and dispatch with which it has dealt with applicants there are only 200 cases pending. Judging by the percentage of ap- plicants that received loans in the past it is estimated that about 100 of these applicants are eligible. Re- cently Mr. Seay notified Chairman | John H. Fahey of H. O. L. C. that | approximately $650,000 is needed to | take care of the pending applica- tions. 250 Believed in Distress, When the order halting applica- tions for loans became effective in November an average of 30 Washing- ton home owners a week were apply- ing for help, Mr. Seay said. Should Congress appropriate funds for new applications, it is estimated that 500 persons immediately would ask the District office for refinancing loans. By past experience it is estimated that 250 of these applicants would be in genuine distress and eligible for loans. After the opening rush, Seay believes the rate of application would fall far below 30 per week, as the rate had tapered off rapidly prior to November. The H. O. L. C. has made 1868 | loans to Washington home owners, representing a total of $10,765,000. In addition $139,000 has been granted for repairs to 746 homes that were re- | financed in the corporation. The | average loan here s $5,800, the high- est in the country. A total of 4,189 | applications were examined by the | corporation locally and & number of other applicants were interviewed and found ineligible. PERMIT VALUES LEAP /778 Cities Show 15.9 Per Cent January Gain Over 1934. Permits for alterations, additions | and repairs in 776 cities ir the United | States were 15.9 per cent greater in | | January, 1935, than in January, 1934, | Bureau of Labor Statistics figures in- | dicate. | The number of permits in January, 1935, were also 20.1 per cent greater | than those issued during December, | 1934. Usually the month of January | shows a seasonal decrease of approxi- | mately 12 per cent under December. e | Blind Without Tie Cord. Tie cords are eliminated in a new Venetian blind which operates much | like a window shade. A tug on a cord causes a roller to bring the blind | up or down, another tug halts and | ! holds it. l | | | | Exhibit Home Furnished by Palais Royal 514 QuackenBos Street N.W., . TO REACH For ease in reach- ing these lovely NEW homes drive out Georgia Avenue to Quackenbos Street. turn right to houses. will find LOCATED IN an ever-popular resi- dential section, today’s home shopper @ EVERYTHING “in” and “put” of_ these prick dwellings condu- cive to his happiness as a home owner. THESE HOMES CONTAIN: Seven spacious rooms...three bed rooms...two tiled baths featuring the Neo-Angle tub with showers. . .fireplace in living room...recreation loored attic ith kitchen.. -built-in garage...an elec- .built for comfort, they are weather-stripped throughout, with Celotexed and floored attics and heated by furnace. an oil-burning Open Today and Daily—10 A.M. to 9 P.M. 1519 K St. N.W. WM. H. SAUNDERS CO., Inc. OR YOUR OWN BROKER DlIst. 1015 113 Glenbrook Road, Bethesda, Md. $8,450.00 This ideal suburban residence, complete with screens, weather- stripping, electric refrigeration, is a value you cannot afford to miss. There are three delightful bed rooms, completely tiled bath with tub and shower, floored attic, living room 14x28 with open fireplace and side porch, dining room, kitchen, pantry and built-in garage. We Urge Your Inspection Today or Tomorrow To reach: Out Wisconsin Ave. follow trolley line past Bank of Bethesda. to Glenbrook Road, turn right cne-half block to property. EDW. H. JONES & CO,, Inc. 5520 Conn. Ave. Cleve. 2300 Real Estate Seen Ideal Investment, Its Value Definite Walter S. Schmidt, Cincinnati, president of the National Associa- tion of Real Estate Boards, makes this comment on present outlook for real estate from the investor's point of view: “Alternatives confronting this country are three: Inflation; col- lapse, accompanied by drastic so- clal and political changes, or re- newed prosperity. = Whatever comes realty owners will be in most enviable position. With in- flation, tangible goods, of which realty is chief, have surer and larger increment than any other form of wealth. As currency worth decreases, prices soar and incumbrances—fixed—are paid in depreciated dollars. Revolutionary changes may destroy rights, but hardly those of real estate, since over half our people have a stake in the land. Again returning prosperity rapidly will rehabilitate real estate. Shrewd observers perforce must conclude. Buy real estal STRESS OF FARM FINANCING PASSED Rise in Agricultural Values and| Real Estate Assist in Repair Campaign. Encouragement for the success c!} the farm modernization movement now being actively promoted by the ALL AREAS SHARE | FARM VALUE RISE Bureau Shows Drought Loss | Largely Offset by Aid in U. S. Payments. An analysis of the increase in farm income during the past year, made | by the Bureau of Agricultural Eco- nomics, shows that all agricultural regions and all States except Okla- homa shared in the improvement. Although in North Dakota, South | Dakota, Oklahoma, Texas, New Mex- ico and Utah receipts from farm| marketings in 1934 were less than receipts from farm marketings during 1933, the bureau points out that when rental and benefit payments are add- ed for both years, all States except Oklahoma show larger total farm receipts in 1934 than in 1933. Okla- homa's position is largely the result of severe drought damage to the cotton crop. | ‘The analysis is part of a new sta- tistical series by the bureau, to report monthly farm receipts by States, for principal farm products. The reports | are intended to furnish a more cur- rent measure of the changing eco- nomic conditions of farmers in the various States than has been available heretofore. This series is especially important, says the bureau, in times of marked fluctuations of both farm marketings and farm prices. | Cash receipts from farm market- ings in the North Atlantic States were | about 16 per cent more in 1934 than | Federal Housing Administration is given in recently released statistics of | the Farm Credit Administration showing that the greatest strain of farm debt refinancing is over. Additional impetus to the move- ment to repair, improve and re-equip | farm homes and farm properties gen- | erally is given by the improved agri- cultural conditions and also by the actual rise in land values—the first sign of an upturn in 13 years. Farm credit figures made public by Deputy Gov. W. Forbes Morgan of the Farm Credit Administration show that $1,500,000,000 of mortgage loans have been made to around 600.- 000 farmers since May, 1933, by the Federa! Land banks and Land Bank commissioners with a saving in inter- est to the farmers of $23,000,000 a year. It was shown also that production credit associations extended $110,000,- 000 of credit to about 125,000 farmers on a co-operative basis, and that banks for co-operatives loaned about $57,000,000. WINDOW SHADES We have served the public for 38 years GOOD SERVICE and MODERATE PRICES KLEEBLATT’S 1100 H St. N.E. Phone LI. 0879 § Just Completed New Colonial Cape Cod e 714 Morgan Drive Chevy Chase Gardens Price $8,450 Be sure to inspect this at- tractive, new home today. Built entirely of brick, slate roof. Pive large rooms. Liv- ing room 22.6x13, opening on to large side porch. Wood- burning fireplace. Entire house screened and weather-stripped. Built-in garage. Corner lot, 65 feet wide. To reach: Morgan Drive. Out Wisconsin Ave. Lert to property. to . Cyrus Keiser, Jr. 5211 Wisconsin Ave. CL. 5371 in 1933. Rental and benefit payments | have not been an important factor in | the income to farmers in this area, | and the improvement noted is attrib- uted principally to increased receipts from the sale of dairy and poultry | products. Sanding Should Follow Grain. When sanding down a piece of fur- niture—before painting it—always rub with the grain of the wood. : Wonderful Value 1407 Juniper St. N.W. $1 ?9950 Just reduced $1,800. New stone house, perfect in design and appoint- ments. The finest con- structed home for sale in Washington. Oil furnace. Lovely location. Lot 70 ft. frontage. Inspect im- mediately if you wish to purchase this home at this remarkable figure. BOARD DINNER TONIGHT Realtors to Gather at Columbia Country Club for Fete. The Washington Real Estate Board tonight will give a dinner and dance at Columbia Country Club. The pro- gram will get under way at 7:30 o’'clock. In addition to the dinner and danc- | ing, Edward R. Carr, chairman of the entertainment committee, has ar- ranged a program of entertainment. He is assisted on the committee by Fred A. Smith and 8. S. Spruce. ey Rubbers Attached to Umbrella. Feminine feet as well as heads are kept dry through a new umbrella. Its handle holds a pair of rubbers which stretch to fit any foot, and | which roll up into a tiny wad. jefothen (BEITZELL)Gffehis OPEN TODAY IN CHEVY CHASE, D. C. 3805 Legation St. N.W. Half Block West of Conn. Ave. A charming new DETACHED Colo- nial Brick Home of center-hall pian, offered for the first time. Six large rooms. moderniy equipped kitchen with rolux gas refrigera- tor and plenty of cabinet space: morn- ing room: up-to-date recreation roo: beautifully colored bath show screened: on larze lot conveniently located to sto transportation. Built by Open daily from 9 am. Tower Bldr. Modern Gas _Appliances T h_Co-operation of ston Gas Light Co. Open Sundays 10 to 9; Week days 2 to 6. Drive out 16th St. beyond Walter Reed to Juniper St. Turn right one block. Between 14th and 16th Sts. REALTY ASSOCIATES 1506 K Realtors NAt. 1438 A Lovely New Brick Home in Select LANGHORNE 319 Milton Ave., 87,750 OPEN DAILY UNTIL DARK TO REACH: Motor over Key Bridge, take Wilson Blvd. thru Clarendon, past Monument to Milton Ave. and follow signs to home. COMMUNITY Clarendon, Va. Large Bedrooms Tile Bath and Shower Many Deep Closets Fireplace Big Attic, Garage Shade Trees, Corner Lot Refrigeration 15 Minutes from Down- town. REALTORS PRICED TO SELL OWNER LEAVING CITY 5610 Moorland Lane, Edgemoor, Md. Five bed rooms, two baths. lavatory on first floor. Lot 125 feet frontage, over !; acre of ground. OPEN FOR INSPECTION To inspect drive out Wisconsin Avenue to Bank of Bethesda, left on Old Georgetoun Road to Moorland Lane, left to home. TELEPHONE WISCONSIN 4890