Evening Star Newspaper, October 19, 1935, Page 18

_C, SATURDAY, OCTOBER 19, "1935. REAL ESTATE. GAINS INREALTY [ aiins BONDS IMPROVE shows a rise in indicated cash value New York Concern Cites REAL ESTATE, system of home expositions will be dis- | realtors the Washington delegation cussed by Henry A. Guthrie, chief of | will comprise the following: John L. the exposition unit of the F. H. A, Waver, L. T. Gravatte, A, C. Hough- Donohoe said. | ton, J. McKenney Berry, Waverly Arrangements have been made for\ Taylor, J. Wesley Buchanan, P. Eliot & special ugh car to accommo- Middleton, W. C. Miller, H. Clifford date the Wi delegation. The | Bangs, Harold E. Doyle, R. G. Pristoe, party will leave over the Pennsylvania | R. Marbury Stamp, Charles C. Koones, Rallroad Tuesday at 8 a.m., arriving | Morton J. Luchs, Prank J. Luchs, M. £, in Atlantic City in time for the first | Hyman, William Shannon, jr.; H. L. session of the Appraisal Institute, | Thornton, Ben T. Webster, H. F. Knox, which precedes the opening of the| C. R. Alley, Homer Philips, Percy H. of $73,695548 during the last 21 months. With a 33.6 per cent gain for 1934 and a further advance of 26.2 per cent for the current year, the to- tal market value of the 200 issues has climbed from $123,294,698 at the end of 1933 to $196,990,24¢ at September’s close. In the opinion of Amott-Baker exec- SET NEW RECORD National Association of Real A Estate Boards Cites Increases in Cities. ' Urban real estate sales for Septem- ber set a new recovery high, according to reports compiled for the National Asscciation of Real Estate Boards from major cities scattered from coast to coast. The compilation is of number of voluntary transfers, and is corrected for seasonal variations. It shows total number of sales for September to have been 48.5 per cent of the 1926 base figure. In the cities studied, a cross section of t-> country, the tabulation shows that the upturn of a long-term curve in real estate sales began in 1933, in the months immediately following' the ‘bank holiday. Since June of the pres- ent year there has been no interrup- tion of this up movement. Some further figures and their sig- mificance, as pointed out by Walter B. Schmidt, Cincinnati, president of the association: “With vacant dwell- ing space disappearing, rents in metro- politan centers have risen for apart- ments to 56.7 per cent of the 1926 level, for single family dwellings to 82.3 per cent of the 1926 rate. While con- struction costs rose sharply in 1933 and have not fallen, a chart would show the line of income return of ex- | isting buildings rapidly moving to| cross and top the line representing con- struction costs. But meantime, new | family accommodations being con- | structed are as yet only 20.4 per cent of the 1926 volume, As a people we would do well to realize that by en- couraging sound new home building now, before a shortage becomes too drastic, we shall do much not only to take advantage of the present favorable market, but also to mitigate a sudden | climbing of rent costs, construction costs, and costs of new homes, which | ‘we shall certainly have if fear on the part of investment groups (which prop- er mortgage discount facilities would dissipate) is allowed artificially to hold us back.” PACKING BOX USED AS STORAGE CELLAR Fruits and Vegetables Can Be Kept Nicely—Care Needed in Selecting Location. ©One practical and economical meth- od of keeping certain vegetables and fruits during the Winter months is by means of a barrel or wood pack- ing box storage cellar, which may be constructed at home at low cost. ‘This type of cellar will serve very | well as a storage place for such vege- | tables and fruits as apples, pears, | turnips, cabbages, beets, parsnips and potatoes. Care should be exercised in select- | ing the site for the cellar, as the con- | tents must be kept cool and moist and | yet must not be permitted to freeze. | For this reason a well-drained hill- | side with a southern exposure is ideal, but if this cannot be found, the box carrots, | | Nolen, jr. | white columns into a rather large Sd-uie® above. shown for 30 days. Silver Star (Continued From First Page.) | posed of experts in all phases of home | construction, planning and designing. | These men indorsed the home. Head- ing the committee is James S. Taylor, of the Federal Housing Administra- | tion, and formerly chief of the| Division of Housing of the Commerce Department. Other members include: Harold E. Doyle, who has served dur- ing the last year as president of the Washington Real Estate Board; John city planner of the Na- | tional Park and Planning Commis- | sion; Irwin S. Porter, well-konwn | architect and former president of the ‘Washington Chapter of the American | Institute of Architects, and Edwin H. | Rosengarten, builder and member of | the firm of Davis, Wick & Rosen- garten. Colonial Brick Used. An interesting Colonial brick was used in censtruction of the house. All the brick work has & pushed solid joint. Special attention was given to!! waterproofing the exterior walls below i grade. A half-inch of waterproofing | | cement was used first, and after it || was allowed to dry, another half inch | of cement was used. Hot asphalt was | then spread on as a final coating. The | basement walls are of solid brick 12 | inches thick. All the walls are furred, and five inches of rock wool insula- | tion was used in the roof. A well- blended Vermont slate was used for the roofing. Exterior metal work, in- Entrarce to the home is made from a small porch supported by entrance hallway. The living room to the left of the entrance hall is |23 feet 6 inches long and 14 feet | wide. It has a window on the front, | two windows and fireplace on the out- side, anc¢ a door leading to a flagged terrace in rear of the home. The dining room to the right of or barrel may be placed on its side on flat ground, provided it is well insulated against heat and cold.| ‘Where a hillside can be used the box | or barrel is placed in a horizontal po- sition against it. { Before the box or barrel is put into | “Position the inside is carefully lined | with & heavy grade of paper and it is | divided into two, three or four com- partments so that the fruit or vege- Bables can be kept separated. Next, the container is put into po- | sition and is well insulated with leaves, or straw and earth. A layer of leaves or straw is put on first, | then about 3 inches of earth, then a second layer of straw or leaves and, finally, as severe weather ap- proaches, a second layer of dirt. —_— Jobs Increase. Germany's iron and steel mills are 8dding more workers. Price $5,100 428 Lincoln Avenue iverdale. Maryland Beautiful 5-room brick bungalow located about 6 miles {rom downtown section of Washington. The house con- tains 5 rooms. beautiful® tiled bath. cellar_under entire house; garage. Go out Washington-Baltimore Bouléyard to Riverdale and turn horills 1 an euclrfu lllelun i 'D. CAMPBELL Wovflwnd Building Phone Hyattsville 132-M SILVER SPRING—BLAIR One of the finest new brick home plan with room, pantry, inlaid linoleum, 2 bed rooms, tile bath, bu Roof is dry tubs and coal bin. th Murphy feet 6 inches in size. It has windows | to the east and north. The kitchen | immediately in back of the dining | room. is large, though. compact, and filled with the latest equipment. An DETACHED All-brick center-hall Colonial in American University Park Open from 2 to 9 Seven rooms, two baths. Insulated throughout. Large landscaped lot. Uultra-modern kitchen and the finest appoint- ments of good home construc- tion. Very attractively arranged recreation room and many other features that you will enjoy see- ing. Make your comparisons after seeing this beautiful home. 4931 Brandywine St. N.W. Drive out Mass. Ave, to 49th, right on 49th to Brandywine, then left one-half square to house. JOS. A. HERBERT & SONS Realtors 515 East Capitol St. LL 0129 in the city. Center-hall , refrige range with oven control, light dry utomatic storage heater, laun- insulated with Rockwool. En- tire house is screened. Detached garage with overhead door. cluding flashings, gutters and down- || | spouts, are of heavy weight copper. the entrance hall is 14 feet by 15 ||| outside door in the kitchen is con- venient both to the steps leading to the basemeut servants quarters and to the garage. A den, 9 by 11 feet in size, located in the rear center portion of the house completes the first floor arrangement. Attractive Stairway. The stairway leading to the second ! Two of the | floor is most attractive. three bedrooms are located in the right portion of the house or above the dining room and kitchen, while | the third, the master's room, is above | the dining room. The center hall on the second floor is large, and is equipped with a spacious linen closet. The master bed room is 18 feet long and 14 feet wide. There are windows on two sides, two large closets and a bath room including & separate shower. The front bed room, across the hall from the master’s, is approx- imately 14 feet square, while the rear bed room is nearly the same size. ! There is another bath room with lhff"'!l | Sy Plans for the first and second floors of the Silver Star Home at 1722 Hoban road, Colony Hill, are shown The dwelling will open for public inspection tomorrow. It was built by Boss & Phelps and will be shower adjacent to the second and third bed rooms. The new Silver Star home will be open each day for the next four weeks {from 10 a.m. until p.m, —_— FAHEY TO SPEAK Will Address Paint and Varnish Association Session. John H. Fahey, chairman of the Pederal Home Loan Bank Board and chairman of the Home Owners’ Loan | Corporation, will be a headliner on the program of the National Paint, Varnish and Lacquer Association Convention, which is to be held in Washington at the Mayflower Hotel, October 30-November 1. Mr. Fahey is one of the outstanding figures in the national administration in Washing- | — ton and his address is expected to be of national importance. He will speak | ‘Wednesday morning, October 30. 32.2 Per Cent Increase Since January 1. Real estate owners and operators should find & basis for optimism re- garding the financing of future build- ing in the gains being made in the market values of realty bond issues as shown by indices compiled by Amott, Baker & Co., Inc, of New York, covering the month-to-month market movements of 200 typical East- ern issues and 200 issues secured by properties in 21 Midwestern cities. Based on dealer-to-dealer bids for specific securities, these indices show & rise of 36.2 per cent since the first of the year in the market value of Middle Western issues and a gain of 26.2 per cent during the same period for Eastern securities. During the nine months the average bid price per $1,000 face value mounted from $223 to $305 for Middle Western issues and from $294 to $371 for Eastern issues. The issues which are the basis for this compilation were originally out- standing in amounts of $500,000 or more and include bonds secured by housekeeping apartments, hotels, the- aters, apartment hotels and office curity, housekeeping apartment issues with an improvement of 46.4 per cent have shown the greatest market strength since the first of the year. Theater issues with a 37.9 per cent rise and apartment hotel securities with & 33 per cent betterment also have made important contributions to the general advance. In so far as types of liens are con- cerned the Amott-Baker averages show an average gain of 25.5 per cent for first fees, an improvement of 24.8 per cent for first leaseholds, and & gain of 12.2 per cent for junior liens. is indicated in terms of cash apprecia- buildings. Classified by underlying se- | pe | Program.” The significance of these advances | utives this improvement may be at- tributed both to an increase of con- fidence in real estate and realty se- curitles as a medium of investment and to a clearer understanding of the earning capabilities of various types of properties. It is their belief that future conditions in all phases of real estate will be influenced to a marked, degree by the availability of accurate and comprehensive information about specific properties and issues. Realtors ticular interest in view of the fact that David Saperstein of the Securi- ties and Exchange Commission will discuss “Real Estate Bond Issues of the Future” and J. Howard Ardrey, assistant administrator, Federal Hous- ing Administration, will discuss “The Government and Real Estate Financ- ing.” Another discussion which will be of interest to Washington realtors, in view of the recently announced plans for the development near Berwyn, will “The Federal Rural Resettlement This will be made by Wil- liam E. Sweet, former Governor of Colorado, who is connected with the Resettlement Administration here. Real estate apraisers will find good | material in the talk to be made by Frederick M. Babcock, author of the Federal Housing Administration’s ap- praisal manual, who will discuss “The Underwriting System of the Federal | Housing Administration,” while the | practical side of depreciation will be covered by Ayers J. Du Bois of the underwriting and realty division of F. H. A. Plans for a nationally co-ordinated s, 100"5 in- Deluxe vitrolite Enamels, floor fi and ~convenience, 1936 wall papers. see some of Washington’s daily until 9 P.M. Directions: GREENWICH FOREST | A Charming and Practical 7200 Hampden Lane This time of the year the unrivaled beauty of GREENWICH FOREST is emphasized by the gor- geous coloring of its giant shade trees. Here you will perfect natural setting—just 20 pleasant motor min- utes from downtown—100 acres of 300 beautifully wooded and carefully restricted home sites. Four mew homes now on display—each different in floor plan and soundly constructed of nationally- known guaranteed materials, merous exclusive construction features. Homes priced from $11,500 upwards. Financed by any plan. Drive out today or any day and see Washington’s most beautiful established subdivision. Electric Health Kitchen Homes. Drive out Wisconsin Avenue to trafic light at Bethesda; turn left on Old Georgetown Road to Women's Farm Market at Wilson Lane; left on Wilson Lane to property. CAFRITZ CONSTRUCTION CO. Phone Wisconsin 5204, Floor Plan most beautiful homes in a Fully equipped, nu- Homes open DEVELOPERS ARCHITECTS BUILDERS An Exceptional Opportumty to Obtain the Ultimate Value in a Lovely Home. 1505 H St. 406 Ingraham St. N.W. SHANNON & LUCHS The Best New House Value in Petworth $7,950 Desirably situated near car and bus lines, stores ||| and schools. 150-foot lot. Six rooms, two baths, recreation room, three porches, electric refrigeration, large clos- ets and garage. Terms. Open today and Sunday Until 9 Na. 2345 AT LAST MONROE WARREN PRESENTS: AN OUTSTANDING VALUE IN GROUP HOUSES general convention. In addition to Russell, Donohoe, Leonard Downie the foregoing Federal officials and | and Charles J. Rush. 3122 Tennyson St. N.W. One of the finest new homes in the city for the price. 2 Sold—2 Left Investment Blds. Y Y 72 % ATTRACTIVELY PRICED o TERMS e Electric Health ExtraLarge Kitchen G. E. Electric Refrigerator, latest type electric range. one-piece porcelain _ sink. built-in cabinets. inlaid lino- leum. Sanitas wall covering. Tower Building /// N2 Distriet 6002. Yzzz7zzzz7zzziziiziziz BUILT BY DUNIGAN—BUILT RIGHT HIGH ELEVATION—SOUTHERN EXPOSURE 201 Jefferson St. Northwest Open Daily and Sunday Until 9 PM. D. J. DuniGAN, INC. 77777 BOWLING-GARDNER BUILT $12,500 OUTSTANDING UES!! Open Daily and Sunday te 9 P.M. TO REACH CONN. AVE. 777 ///////§ //////A 2777777777777 2227 22 NEW CORNER HOME 8 Large Rooms—Recrea- tion room, 2 colored tile baths, fully screened and weather-stripped, built-in garage, 2 open fireplaces, center-hall plan. Built on large, highly elevated lot. NAtional 1265 Exhibit Home, 4902 First Street N.W. Monroe Warren, builder of fine detached homes for many years, has incorporated the same fine 7 Virgilia Street 100 Yards West of Connecticut Ave. 'CHEVY CHASE, MD. Between Chevy Chase and Columbia Country Clubs *11,950 Vacant This home must be sold to settle an estate and it has been priced low for immediate sale. Center-hall plan; 7 full-sized rooms; 4 bed rooms; 2 modern tiled baths; side porch; oak floors throughout; large attic; slate roof; modern improvements, and a 2-car garage. The walls throughout are painted. Beautiful lot 75x120, additional ground available. just been put in new-house condition. Open Sunday, 10 AM. to 6 P.M. Thos. J. Fisher & Co, Exclusive Agents construction, quality of materials' and equipment in this new all-brick community group. AFTER YOUR DOWN PAYMENT, AS LITTLE AS $48 PER MONTH UNDER FEDERAL HOUSING PLAN PAYS Wooded Lot INTEREST, TAXES, PRINCIPAL AND INSURANCE . 75x120 To Settle 813 Violet Place an Estate $7.500 Located in one-fare, zone, either bus on 16th St. or car line on Georgia Ave. Near stores and schools. Quiet, pretty street. Only one block long. OPEN DAILY AND SUNDAY Drive, the ht MI Illfll u-u "Vat leaning In- h right on Vld“ Pldfl to house, Drive Out New Hamp- shire Ave. to Emerson Street, turn Right One Short Block to Homes Open for Your In- spection Daily and Sunday from 10 AM. until 9 P.M. Built by—MONROE WARREN Earle M. Dawson; Sales To reach: Go out Georgla A It has Arst mlm the D stitute); over ROBERT E. LOHR—Ouwner & Builder Inc. 311 Cedar St., Takoma Park, D. C. Georgia 0881 T » 738 15ty St.