Evening Star Newspaper, March 30, 1935, Page 21

REAL S0 IVEST N OME REALTY Increase in Leading Field in Year Is Reported by League. At least half a million new people entrusted their savings or their sur- lus to the residential real estate ending field during the 12-month period ending today, the United States Building and Loan League reported. This number of new accounts have been opened since last March in the 10,000 savings, building and loan associations, the league shows as it makes public results of a survey which took samples from all parts of the country, characterized by vary- ing business conditions. Between 200,000 and 300,000 of these people not only put their past year's savings igto the associations but also plan to invest there for the next 5 to 10 years, it is pointed out by L. W. Pellett, Newburgh, N. Y., vice president of the league. By taking out monthly installment shares, this group of the new investors gives the associations an expectation of $20,000,000 to $30.000,000 new money annually until their shares mature. Another large group of the new shareholders took out full-paid shares by making lump-sum investments, and the third group of new investors ar- ranged with the association to add to their holdings small or large sums at will. Their accounts also repre- sent a practical certainty of bringing a sustained flow of new money into the field, although not so regular as | in the installment shares, Mr. Peljett | pointed out. ‘The most encouraging fact about it all, in the league vice president’s opinion, is that the six-month period ended this quarter showed a 38 per ' cent increase in the number of new | share accounts when compared with the first six months ended September, | 1934. December and January were the peak months for the new share accounts opened. ; “The high season for new invest- ments in the associations usually comes | in these two months when we con- | sider our totals for the Nation as a| whole,” said Mr. Pellett. “This is be-| cause a great many associations put‘ their special stress upon new share subscription at this time of the year.| Many others open their books for par- | ticipation by new customers only once every three months and either January or December is usually one of those times. It is noteworthy, however, that this prime season for new shares showed a 10 per cent increase in number of accounts this year over last year and February and March are also materially ahead of the same months last year. “These figures have to be studied particularly in the light of the present wide discussion of getting private | capital into home mortgages. There are two angles to that discussion and only one of them is usually taken into consideration. The willingness of the private or savings investor to put his money where it is likely to go into that kind of an investment is equaliy as necessary as the willingness of the institution which takes his money as in investment to place it out in a ome-mortgage loan. The savings, building and loan association situation today represents a willingness of | private capital to go to work in the| field from both these angles. Obviously an increasing number of savers are anxious to entrust their funds for this purpose or else they would not seek out the building and loan association for their investment. And at the same | time the associations are willing and | anxious to place that money out in loans, as shown by their recent widely expanded lending programs and their current vigorous search for loan de- mand.” REAL ESTATE SALES INDICATE UPTURN| Stating that the real estate market in Washington is continuing to show an upward trend, the Shannon & Luchs Co. announced today the com- pletion of 16 property sales the past month. ¢ The transactions are as follows: 4310 Fessenden street, sold to Mr. | Z. Bernard Lloyd; 3733 W street, sold to Mr. and Mrs. Owen S. Parmele; 1411 Neal street northeast, sold to a local investor; 4205 New Hampshire avenue, sold to Mrs. Mary E. Kemp; property in Washington Grove, sold to a local investor, and 5412 Ninth street, sold to Mr. and Mrs. C. W. Metzger for their residence. | Lots on the southwest corner of | Sixteenth and W streets southeast, sold to a local investor; 3129 N street, |/ sold to Mr. and Mrs. H. L. Foster for their home; 4415 Bowen road south- east, sold to a local investor; 6540 Maple avenue, Chevy Chase, sold to Mrs. Bertha S. Fihe; 3312 Holmead place, sold to a local investor; 417 East Leland street, Chevy Chase, Md., a new home built for Mr. and Mrs. Ernest F. PFiock; 1629 Third street, sold to a local investor; 1220 Crit- tenden street, sold to Mr. and Mrs. H. V. Williamson; 12 Channing street northeast, sold to a local investor, and 411 East Leland street, Chevy Chase, Md., & new home built for Comdr. and Mrs. O. 8. Goff. —_ SUBDIVISION OPENED Alfred T. Newbold, president of Newbold-Johnson Builders, Inc., an- nounced today the opening of a new subdivision, Glenbrook Knoll, near Bethesda, Md., where he will build 35 new homes. The first group of eight houses is now being started. The new development gdjoins Lucas lane, where the Newbold firm built a number of homes last year. Chevy Chase, D. C. Detached Brick House $9,500 3246 Quesada St. Practically new and so perfectly refinished you would never know | been Winter killed. Presumably hardy ESTATE. The Home THE EVENING STAR, WASHINGTON, D. C, Gardener Practical and Seasonal Hints for the Amateur for Beautifying the Sur- roundings of BY J. W. WELLINGTON. PRING finds the rose plants in various conditions of vigor, de- pending largely on the inherent characters of the variety and the conditicn of the plants when they went into the Winter. Some of the sturdier varieties, such as the well known radiance, generally come through in excellent shape. Others containnig more of the tea rose par- entage are often badly in need of careful pruning and cultural care. Pruning is the first consideration for the bush rose. The flowers are not borne directly on the over-Winter- ing wood but on new shoots that put forth from the old growth. Hence pruning should be performed with a view to promoting strong new growth. In the first place, dead and weak growth should be removed. Most bushes will show some weak, straggly growth at the base. As a rule, this type of wood should be cut away en- tirely, leaving ‘four or more strong, erect shoots. These strong shoots| should be cut back sharply to 12 or 15 inches in length. Admittedly such‘ heavy pruning is certain to reduce the| total number of blooms but will. on | the other hand, improve the length of | stems and the size of the individual| flowers. Where space permits, it is much more desirable to have more plants than to try to produce more | roses per plant. In certain of the more| tender roses, the wood may be found to be killed almost to the soil. If| there is doubt as to its condition, it| is better to head the shoots 1t the| 12-15-inch mark and complete the‘ pruning after new growth has| emerged. Last Autumn it was advised that rose plants be mounded with peat J / | efficient moss or soil, largely to prevent Winter injury. Those who find severe Winter | | injury may well bear this protective | measure in mind for the future. For- |tunately, when the thermometer | tumbled to below zero in January, there was snow on the ground and | for this reason injury should not be | as great as was true in 1934, The | severity of the pruning should vary | with the vigor of the plant—the | weaker the plant, the more severe the | pruning. This rests on the fact that the weak plant cannot support the growth that the more vigorous plant can. Climbing roses should not be pruned until after blooming unless they have types, such as Dorothy Perkins and Dr. Van Fleet, came through the| Winter in good condition. Shrub roses, | such as the rugosas and Harrison's yellow, should also be pruned after| flowering and then thinned out rather than cut back, as much of the beauty of the shrub roses lies in their pendu- lous branches. Spring culture consists in pulling down the mounds of soil or moss HERE IS ONE OF TH HOMES IN THE SANDY SPRING SECTION the Home. along about the first of April. This added soll may be worked into the surrounding earth. ‘At this time the plants should be fed with bone meal, a handful of complete fertilizer, or, best of all, some well-rotted cow manure. Old-established plants can utilize safely much more fertilizer than can plants set out last Fall. Many of the rose growers of the city fertilize at intervals throughout the growing season, sometimes after each flush of bloom. From August onward fertilizing should cease, to allow the plant to mature its wood. Spraying of roses should begin at once, giving the dormant plants a thorough covering with lime sulphur. This material may be purchased as a liquid or as a powder from any of the garden supply stores in the city or suburbs and is prepared by simply diluting with water. Sprayed on the plant and surrounding soil, lime sulphur gives the plants a good start with respect to black spot disease and other pests. Incidentally, it might be well to mention the Potomac Rosc ‘ociety, an organization of local rosarians which has grown up in the last few years. This body of enthusiastic amateurs is doing a splendid work in disseminating information on culture and varieties and welcomes into mem- bership any one interested in rose growing. Plant Food, HE soils of Washington and vi- cinity are such that without sup- plied plant food one cannot ex- pect much success of the home gar- den or even of the home lawn. Most of the local gardeners buy plant food in some form—stable manure, ground bone or complete fertilizer. Those who have access to a supply of well-rotted manure have their plant food problem fairly well solved all at once. For the great majority reliance falls on the mixed ferti- lizers of the garden supply store. Although commericial fertilizer sup- plies all the chemical needs:of the plant, it fails to put organic mat- ter, known as humus, into the soil. ‘Therefore, we find some of the more home gardeners planting clovers, soy beans, cowpeas, Winter rye and other crops simply to spade into the soil. The very small garden has too little space for cover crops, but here the owner can use peat moss SALESMEN Increased activity in Real Estate or & few high-grade. reliable men for Residential Sales work Ample listings and prospects. excellent facilities and strong organization support. See ROBERT E. HEATER Manager—Real Estate Dept. Between 8 & 10 a.m.. 4 & 5 p.m. The Toledo Guaranty Corp. Bids. E MANY ATTRACTIVE OF BEAUTIFUL MONTGOMERY COUNTY, MARYLAND IT IS OFFERED AT THE LOW PRICE OF $10, 7 Rooms; Bath with living quarters; 300 3 2.Car Garage nearly 3 ACRES of Land; splendid Shade and Fruit Trees . . . . OPEN ALL DAY SATU RDAY AND SUNDAY. Drive out 16th St. or Georgia Ave. to Silver Spring, then via Colesville Pike 11% BOSS & miles. See our signs. PHELPS REALTORS Or E. C. THOMAS Adams 9121 0 HO BUILT BY BIRON BED ROOMS L) NEWEST BROS. or shredded cow or sheep manure or both. . For the suburban gardener with considerable area to operate, com- plete commercial fertilizer is prob- ably the most practical plant food, for in this form the ingredients cost the least per unit. The quality, or rather the character, of the com- mercial material, is designated on the original container. For the home garden, nitrogen and phosphorous are most important and, as a rule, one would not be justified in purchasing less than a 4-8-4 material—that is, 4 per cent nitrogen, 8 per cent phos- phoric acid and 4 per cent potash. Bone meal is an excellent material, but may be considered more as a supplementary material for special crops. The bulk of the fertilizer should be applied prior to planting, but for many garden crops divided applications give best results. The sooner the lawn is fertilized now the better. One pound of the 4-8-4 material per 45 square feet is a liberal treatment and will do much to restore a rich green color to the lawn. Since blue grass is one of the earliest grasses to start into growth, it will be particularly bene- fited by the early Spring application of fertilizer. Naturally, plant food by itself cannot be expected to restore a badly worn-out lawn and renova- tion should include tillage of the sur- face and reseeding. The Garden Clubs. T THE February meeting of the Takoma Horticultural Club, Dr. Howard R. Watkins of Somerset, Md., discussed peony varieties and peony growing. Because of his un- usual cultural skill, Dr. Watkins has succeeded in capturing a large share of the peony awards in various local shows in the iast decade or so and 80 his talk nezded no preliminary ad- vertising. Autumn planting, careful setting of the roots, good culture and ample feeding appeared to be the es- sence of success, P L Glass Price War Feared. ‘Window glass manufacturers of Bel- gium fear a price war with glass pro- ducers of Czechoslovakia. SATURDAY, MARCH 30, 1935. A REAL BARGAIN! At $6,400 Brick home, five rooms and bath, Screened and Weatherstripped 2711 32nd Street S.E. Hillcrest, D. C. Whipp and Solter, Agents Lincoln 0307 Every their choice. bedrooms, storage room and ’:'v‘nlu insulated and waterproofed; el Garage 12x Daily 2 to 9 P.M. 729 15th St. Amazing New House Value Ask Salesman on Premises for Facts With Bedroom and Bath on First Floor one who has purchased a PRICE-BUILT home is profiting by Another opportunity is available to secure the same quali and workmanship. at an exceptional price, South 2 bath on “nd floo: DI 1, Slectric kitchen: oversized 'heating furnace and extra radiation Open Today and Sunday L. T. GRAVATTE Realtor National 0753 617 Underwood St NW. Detached Brick Built by J. C. Price _HEATH HOME REAL ESTATE. N all-brick home with slate roof. First floor has entrance }nll, 2 big closets, large living room. Dining room 13x15, spacious kitchen, large enough to breakfast in if you like. Three big bed rooms and 2 beautiful tiled baths on second floor. Big attic, large insulated room for storage or spare room. Full basement; copper gutters, downspouts, and flashings; furged walls; concrete porch, copper screened; steel casement windows; automatic_gas heat; concealed radiatioA. Best materials and workmanship. To Reach: Drive east on Rittenhouse St. from Chevy Chase Circle 1 block past Utah Ave, to 29th SY. Better Built by CHAS. STURBITTS Modern Gas Appliances through courtesy Washington Gas Light Co. J. WESLEY BUCHANAN, INC. 918 15th St. Realtors ME!. 1143. 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