Evening Star Newspaper, April 20, 1935, Page 22

REA MANY MORTRAGES Total Put at Third of Entire Sum for Country in Realtors’ Study. Conrary to the belief in many quarters, private individuals Lold ap- proximately # third of the home mort- gages of the country, according to an estimate made by correspondents of the National Association of Real Estate Boards. The reports were re- ceived from 83 cities having a total population of nearly 14,000,000 people. Out of the 83 citles, 55 cities report that 25 per cent or more of all mort- gages on homes are held by private individuals. And of these, 25 citles report that 50 per cent or more of thelr home mortgages are so held. Some cities report as high as 75 per cent or even 80 per cent of existing home mortgages are held by or for private individuals. Significant detail: Smaller citles very generally show a heavy percent- age of their home mortgages as in the hands of private persons. Of the 50 such cities reporting, 32 cities esti- mate individual holdings as at least 25 per cent of their local total. Of these, 18 cities show from 50 per cent o 75 per cent of their home mortgages in private hands. Considerable recent shifting of the Nation's mortgage holdings is shown. Meantime, the general plan of the Home Loan Bank system and of the mortgage insurance system set up under the national housing act make no varticular provision for the whole factor of home mortgages held by in- dividuals and under present regula- tions set up in administration of the national housing act no individual holding a home mortgage can get the benefit of mortgage insurance. The Federal Government has apparently assumed that the individual mortgage investor is an unimportant factor in mortgage financing or else has felt that he is not entitled to the same facilities as institutional investors, the | association stated. The mortgage holdings of institu- tions are easy to get at. It is ad- mittedly very difficult to obtain data as to mortgages held by individuals. ‘The figures may be masked. For ex- ample, mortgages placed with trust companies and banks may be taken by them for individual holders. Esti- mates made in the association’s in- quiry are from correspondents chosen because of their close familiarity with their local mortgage situation. “Prac- tically every report was made after consultation with all local groups of lending institutions. Many reports were made after discussion by the full membership of the local real estate board. —————— BALTIMORE PERMITS L ESTATE, G STAR, WASHINGTON, D.” C.,” SATURDAY, Inspired Washington Designs flRlBlN flF H]RUM The monumental structures of the Capital of the United States trace back to the architectural glories of the Roman Forum, as demonstrated by this restoration of a portion of the latter as they Washington manifests in its designs many of the basilicas, its imperial prime. appeared about 200 A.D. temples and other public buildings of Rome in —Star Staff Photo after E. Becchetti. LivinG ‘I& DINING g GARAGE 1 9-ex (10 MODERNIZING SEEN FOR ALL BUILDINGS Work May Be Delayed, but It Must Eventually Gome, Magazine Says. All buildings now standing in the Uslited States must be modernized eventually, E. L. Gilbert states in the leading editorial of the April issue of Bullding Modernization magazine. “Modernization of all kinds of build- ings is something which for a time may be delayed,” Gilbert points out. “Eventually, however, this must re- ceive attention, for buildings wear out | as well as do automobiles, clothes and furnishings. Insidiously, not easily | identified except by the experienced, the compound-interest-like advances jof depreciation and obsolescence eat away the worth of structures. There is no staying of the hand of time in this respect. “For the last five years property owners in this country have neglected their homes, their business and their manufacturing _bulldings. Statistics prove that only a fraction of the LOSTINANTIQUITY Radio Program Takes Name From Oid Roman Institution. __(Continued Prom Tirst Page) held in the forum space, and it is recorded that occasional criminals and prisoners of war were executed there, The funeral of Julius Caesar was staged within the boundaries, 44 BC. To the north of the forum proper was the Macellum or market house. Also adjacent were the four basilicas— the Procis, Aemilia, Sempronis and Opimia. The Emperors Augustus and Tiberius almost completely rebullt the district, greatly enhancing its monumental beauty and nobility. A list of the principal structures of the imperial period shows the follow- ing landmarks: The Tabularium or public archives depositoty; the Temple of Juno, goddess of money; the Temple of Castor and Pollux, where the Senate frequently assembled; the Basilica Julia, erected by Caesar; the Arch of Tiberius; the Temple of Saturn, treasury of the state; the the emperor “Methinks I am becoming & god™; the equestrian statue of Domitian, Vespasian's son and second successor; the Temple of Concord, dedicated to civic harmony; the Arch of Septimus; the Temple of Janus, whose gates stood open in time of war and were closed only three times in 500 years: the Mamertine Prison, where St. Peter and St. Paul are supposed to have been incarcer- ated, and the Basilica Aemilia, with & magnificent colonnade. Vandals of Middle Ages. By the time of Theodoric, in the sixth century A.D., the ancient struc- tures of the forum had fallen into such decay that he ordered a com- plete restoration; but the builders of making & veritable quarry of the place—they demolished masterpieces which the invading Goths of earlier periods had respected and preserved, and were in themselves the real “vandsls” of history. In the eleventh century the site of the forum was covered with the walis and towers of the nobles, and when Nemesis overtook these autocrats and tyrants the spot was buried in the debris of their ruin. To the genius of the painter Raphael was due the first practical endeavor to excavate and disclose the departed glories of the neighborhood. certain likely spots for surviving works in 1813, and successive archeologists have carried on the work. Premier Mussolini recently has been super- vising the task. American visitors recognize once the source of many of the d the Middle Ages wrecked his work by |’ In 1546 he dug in| of classic art. Carlo Fea followed him |f at | " APRIC 20, 1935.° REAL ESTATE. sz=2:% PLUMBING FIXTURE Station are among the edifices whose inspiration traces back to the forum monuments of “fallen” Rome. And American theories of representative government just as truly are derived 1 popular assemblies of that ARCHITECTS ADOP CONSULTATION PLAN New Service, Similar to That Employed by Physicians, Sets Precedent. A newly organized consultation service through which approximately 50 registered architects have made their training and experience avail- able to householders, in a manner similar to the services of a doctor, has been inaugurated here. Organization of this service, which marks a change in precedent in the architectural profession, has been in- stituted to bring about s closer con- tact between the profession and home owners, particularly at a time when great stress is being placed upon re- modeling and modernising of dwell- ings. Heretofore property owners have been able to employ architects solely on the basis of complete serv- ice, involving the preparation of plans, designs, specifications and supervision. For these reasons the average home owner desiring expert advice on small modernization projects has in the past found it impracticable to em- ploy an architect. Now an architect’s services may be obtained for advice on remodeling work on the basis of & very nominal fee, either for office consultation or home inspection. A standard fee has been agreed upon by the Philadelphia architects participating in this move- ment. A central point has been estab- lished where property owners may make. inquiries by telephon 6-Room Homes ‘These homes set on & nice ;i terrace, with deep, wooded lots. Beautiful sunlight kitchen of colored tile; also colored tile bathrooms. All exterior walls damp-proofed and furred out. {i Copper gutters and downspouts. | 7,250 ii On Terms within the reach of every . 1% purehaser Directions: Cross I1ith St Bridge. turn up Good Hope Rd. |11 | to_Alabama Ave. and 32nd St. | | S22 turn "rignt” into’ property. , Woodruff Construction Co. INDLSTRY BOOMS Increase Credited to F. H. A. Program and Unprece- dented Low Prices. Indicative of the upturn in the plumbing business, net new orders for vitreous china plumbing fixtures for the first two months of 1935 as re- ported to the United States Bureau of the Census were 485206 pieces, as compared with a total of 144,163 pieces for the first two months of 1934, and 160,823 pieces for January and Pebru- ary of 1933. In other words, total orders for January and Pebruary, 1935, more than the grand total for the cor- responding periods for both 1934 and 1933, the Plumbing and Heating In- dustries Bureau points out. The increase in the activity of the plumbing industry is due to ization work created by the modern- Federal BOTH SOLD! . . . AND THEY CAN BE DUPLICATED IF PROSPECTIVE BUYERS ACT QUICKLY Built ;y MAX GORIN All brick construction, furred walls: stone vestibule entrance; living room were | Housing Administration’s program and also the unprecedented low prices. Some types of staple plumbing fix- tures are selling for less today than at any time in the last 20 years, ac- cording to the bureau. The index number for a 5%-foot recessed bathtub which in 1914 v°s 97.1 rose to 112.1 in 1920, and 100 1 1926, and dropped to 85 in 19 rose from 61.9 in 1932 to 65 in 1933, but dropped to 55.1 in 1935. Increased activity is expected in the Spring months when the mortgage insurance program under titles 2 and 3 of the F. H. A. gets fully under way. Under this program, s home ownér will be able to borrow 80 per cent of the value of the real estate plus the cost of the improvement. The loan will be spread over 20 years, payabie in monthly instaliments. AR ARCHITECTS TO AID _ | “Key-City” Promotional Mestings of F. H. A. to Be Nation Wide. All members of the American In- stitute of Architects are urged to lend their assistance to the series of Na- tion-wide, “key-city” promotionsl meetings being conducted by the Fed- | eral Housing Administration. | A recent article in the Octagon, A. 1. A. periodical, explains that the meetings are being held to stimulate activity in the bullding industry con- Jcul'rent with furthering of the better housing program. but available for inspection Sunday 6233 and 6229 14x26; step-up dining room; modern kitchen with dinette; two ti's baths; 3 bedreoms on second floor; finished heated attic; large recreation room with wood-burning fireplace; homes fully screened and weather-stripped; sanitas wall paper; attractively land- scaped; garage. To Reach Drive out Comn. Ave. to Nebraska Ave., right on Nebraska Ave. to Utah Ave., left on Utah to corner of Utah and Tennyson. UTAH AVE.N.W. r Tennyson St. $12,750 - $13,450 7 Rooms—2 Baths Gas appliances through co-epera- tion of the Washington Gas Light Co. Tower Bldg. This house, planned for The Star by Carroll Meigs, architect, is de- signed to meet the minimum requirements for comfortable living at the lowest possible cost. It supplies two reasonable large bed rooms and the garage facilities are in the house itself. Although a dining room is not pro- vided one could easily be added on the rear when financial circumstances permit. The basement need only be partially excavated, and heating would preferrably be by means of & gas heater or ol burner. The design follows old Colonial examples of the Greek Revival period. A good feature of the house is the abundance of closet space. The structure would look well in brick up to the second floor, and whitewashed. The cost of the house would modernization work required has been done. The day of reckoning is at hand! No longer can the store fronts of Main street claim principal value as antiques. America has started to | spend again and the public's dollars will find their way into the tills of the attractive shops. Competition is keen in all lines of business. The fac- tory owner who refuses to modernize BEHIND LAST YEAR 1,469 Issued During First Quar- ter for Buildings, Additions and Alterations. BALTIMORE, April 20.—Building permits 1n Baltimore, thus far in the current year, are behind those for the corresponding period a year agu, according to the tabulations of the office of the buildings engineer. During the first quarter permits were issued for 1,469 new buildings, additions and alterations, with a val- uagion of $1,212,800. This is & de- crease from the similar quarter of 1934 of $1,156,280, or 48.81 per cent. For March alone’ permits were is- sued for 694 building operations, in- volving $487,600, a decline under March, 1934, of 546 per cent. Per- mits were issued for 30 dwellings in the quarter, against 12 in the 1934 quarter, 46 in the 1933 quarter and 126 in the 1932. HANDY SHOE RACK Board With Cleat Affords Conven- ience for Clothes Closet. A slanting board adjusted at the right angle and attached to the base- board of a clothes closet affords a convenient resting place for shoes. A narrow wooden cleat is nailed on the board a few inches from the bop{ and forms a hedl rest, preventing the shoes from slipping to the floor. The use of this shoe rack keeps the shoes, with their inserted trees, in good order and off the closet floor, always within sight and easy reach. The closet presents a far neater ap- pearance with this arrangement, which also saves valuable shelf space. An accumulation of dust in the cor- ners of ' the closet is prevented by the slanting sides of the rack, as the broom more readily reaches the entire flor surface than with the regulation corner. Watch Auto Refinishing. The blistering sun of Summer can be as damaging to an automobile as the rain, sleet and bitter cold of Win- ter, according to research authorities in the automobile industry. For that reason, it is well to check on your auto finish and see if it needs recoating before Winter sets in. HAVE YOU SEEN THE BIGGEST VALUE IN TOWN 4517 RIDGE STREET CHEVY CHASE, MD. Between East and West Aves., one block North of Bradley Lane. ALL BRICK SLATE ROOF FURRED WALLS SIX BIG ROOMS TWO TILE BATHS LOT 50x125 FORMAL GARDEN FINISHED ATTIC L] Price, $10,200 BUILT BY 0. E. JONES J. Wesley Buchanan, Inc. be extremely reasonable. ittt Auhiatmeint S —————————————— SASH REMOVAL ADVICE Hinges and Other Fastenings \ Should Be Ofled. When removing the storm sash with the advent of warm 8pring weather, it is advisable to clean and oil hinges or similar, fastenings to protect them from rusting or deteriorating during the Spring and Summer. Fastenings left on the house should be firmly secured to the building, and a protective coat of paint or varnish applied, if necessary. Then when the home owner is ready to use them again in the Fall, there will be no delays or expensive repairs to make. 1929 Employment Estimate. The most accurate estimates avail- able of employes involved in construc- tion industries in 1929 show a total. including railroad, highway and other construction, of 4,436,944, of which 2,576,791 employes were engaged in building construction industries, and of these 858,927 were engaged in resi- dential construction. spection new studio type heme, set among towering trees on & large landscaped lot. Mas- si ing room with room, and kitchen on Two bedrooms secend floor, :r ‘“I balcony. Vemetian blinds threughout. OPEN 9 AM. TO # P.M. DAILY Drive out Connecticut Ave. Deyond Chevy Chase Circle to Woedbdine Strest and west to home.’ REPAIRS FOR GARAGES | Bumped Doors Should Be Given Attention in Spring. Not infrequently is a garage door bumped and damaged by an auto- mobile when driving it in or taking it out of the garage. This often re- sults in & loosened hinge, a split atile or rail. loosened panels and bro- ken window panes. Such repairs ‘are commonly neg- lected during the cold Winter months, but they may be quickly and easily repaired during balmy Spring days. If neglected, deterioration occurg, and if bumped again by the car, the door may be broken off, necessitating in- stallatiori of a new one at consider- able expense. e Varnish Polishes Trunks. If your steamer or wardrobe trunk looks shabby when youre preparing for & holiday, give it & coat of clear varnish, It will make thé trunk look like new, prolong its life and make it waterproof. A band of bright enamel will assist in identifying your 123'W."Wood MARYLAND IN BEAUTIFUL EDGEMOOR 5320 Moorland Lane Reduced to $15,500 Delightful corner.property in first-class condition. Lot 100x216 feet, well landscaped; lily and fish ing room, sun porch with Oriental 4 bed rooms, large li pond. tile floor, recreation room with fireplace; copper wire screens, steel finestra windows with plate glass; e 2-car garage. - ar-lined closets; 5121 Edgemoor Lane A Gentleman’s Suburban Home Brick Colonial excellent for entertaining; spacious living room, with communicating library; 4 bed rooms; 2 baths; 2 rooms with 2 baths for servants; ofl burner; 2-car garage. Both Properties Open Today and Sunday To reach: Out Wisconsin Avenue to turn left thru gates into Edgemoor Bank of Bethesda, to the properties. EDW. H. JONES & CO., Inc. 5820 Conn. Ave. ‘i 916 15th St. Realtors Met, 1143 ‘ Cleve. 2300 will find his obsolete plant in a losing position. And the home owner who has 'teen-age youngsters will realize | that, to keep the juniors at home, | home must be attractive, convenient | and worthy of the young folks' pride. “The backlog of work to be done, of materials to be utilized, extends into fabulous figures,” says Gilbert. “Thirteen billion dollars must be spent to bring homes up to the American standard, and non-residential struc- tures require an equivalent expenditure or more. Logically, the question | occurs: Are we at the threshold of a new kind—a more intelligent and a more sustained type of building indus- try boom 3 Splendid Buys 1736 Webster St. N.W. 8-room detached brick home: 4 bed rooms. 2 baths. gas heat, 2-car garage. West of 16th St. A Fne Buy—=See It at Once . Chevy Chase Gardens 6200 STRATFORD RD. 38950 CENTER-HALL PLAN on y a fine corner lot with 8 foot frontage: 8 rooms. baths. open fireplace. excellent location _in 2 Out Wisconsin Ave. to Hunt Ave, turn left two blocks to home. ° SPLENDID SUBURBAN HOME 204 GARWOOD ST. INDIAN SPRINGS PARK, MD. Beautiful suburban semi-bungalow of st brigk construction, full’ length cluding 2 Tooins st floor: 3 rooms. Kitchen bath on second floor which nted d £00mS. th on ette an ‘nn be red: ope) replacs rs. 85 e See™ A %0t Vaue-1s ofte Botn as's Pome and invesmeats To Reach—Throush § take Colesville Pike at tre to" Frankl "ot 15 Gariwooa’ St HOMES OPEN ALL DAY SUNDAY WM. M. THROCKMORTON Realtors Dlst. 6092 al Investment Bldg. s 4 Model Home 20-foot all-brick; 8 baths and recreation room. Johns-M rock The kitchen has the st ty ford Cabinet unit. Copper scr weather - stripped. real bed rooms, breakfast built-in garage. Westinghouse electric refrigerator, gas furnace, 4 2320 39th Street N.W. rooms, 2 Insu- wool. REASONABLY PRICED EASY TERMS nook, Furnished by the Hecht Co. Modern Gas STt A ARHINGTON Gas'iGRT 65, Out Wisconsin Avenue to Calvert Street; left to 39th St. and Homes. Open Every Day 'Til 9 P.M. B. H. Gruver Owner and Builder Telephone a al 1737 8,950 OPEN TODAY AND DAILY rooms B Fapods’s ight to 2nd Pl ight one-half square 10 house. FIRST SHOWING FORT SLOCUM PARK At the Price These Homes Will Sell Qulf:kly—See TIICII? 5921 2nd PLACE N.W. Here is one of the finest home values we have ever offered in this desirable section. throughout. with brick fireplace, electric kitch- en, lovely tile bath with shower; detached garage. Close to stores, schools and trans- portation. Built by Fulton R. Gruver Waple and James, Inc. 1226 14th St. N.W. Without Delay ¥ Six splendid with large closets, modern Large living room Large lot. DIST. 3347 3601 Cumberland Street, N. W. Situated one block west corner of 36th & Cumb Convenient to stores, s of Connecticut Avenue, at erland Streets, Northwest chools and transportation six rooms - two baths - double garage open for Price - inspection $14,500 THOS. J. FISHER 738 Fifteenth Street. Nort 4 5408 30th Place N.W. *8,950 Attractive, semi-detached home. Large heated sun porch on the side, thor- oughly renovated, all mod- ern improvements. 1425 Trinidad Ave. N.E. *6,450 Reconditioned throughout, this all-modern home with concrete front porch and two enclosed rear porches and a garage. Convenient to_schools, stores and transportation. Wn. H. & CO.. INC., AGENT hwest « Phone lstrict 6830 WORTH SEEING *11,950 Chevy Chate, D. C.. completely furnished model home. 7rooms and 2 bathe, Oxford kitchen cabinets, oil burner, club reom with open fireplace. Celotexed attic. Bus at the door. 5014 Kansas Ave. N.W A beautiful corner with enclosed rear porches. Builtin garage, renovized throughout. Bus stops at the door. 5132 Eighth St. N.W. SAUNDERS Company, Inc. Investment Building Distriet 1015