Evening Star Newspaper, October 26, 1935, Page 20

" B—4 REAL ESTATE.’ THE EVENING STAR, WASHINGTON, D. C., SATURDAY, OCTOBER 26, 1935. REAL ESTA TE. HOME MORTRAGES T0 BE DISCUSSED Relations to Security Will Come Before Building and Loan League. Greenwich Forest House Sold Relation of the million of mortages on houses and two-flats to the invest- ment structures, to national security, and to both State and Federal Govern- ments will be aired in Cincinnati, Ohio, at the United States Building and Loan League Convention, Novem- ber 13-15. Upward of 2,000 delegates from all over the country will hear speakers representing residental financing, Gov- ernment, real estate practice, and the academic world detail their views on sources and uses of money for old and new homes. Speakers before the general sossions include: Representative John B. Hol- lister, Ohio, member of the Banking and Currency Committee of the House; Dr. Gustavus Dyer, professor of economics, Vanderbilt University; ‘Walter S. Schmidt, past president of the National Association of Real Estate Boards; I. Friedlander, Hous- ton, Texas, president of the United States Building and Loan League; Morton Bodfish, Chicago, executive vice president of the league; L. A. McLean, president of the Mort- gage Bankers' Association of America; R. Graeme Smith of the Connecticut General Life Insurance Company, and John H. Fahey, chairman of the Federal Home Loan Bank Board. Mr. Friedlander, who makes the presi- dential address on the opening morn- ing, is also chairman of the Federal Bavings and Loan Advisory Council, created by Congress this Spring. Safe and Liquidity. How the savings, building and loan {ndustry concerns itself with liquidity | and safety for its shareholders will be brought out in addresses which cover not only the policies and instrumen- talities set up to deal with this sub- Ject but also the appraisal technique which safeguards from the lending side. A. D. Theobald, Chicago, direc- tor of education and research for the American Savings, Building and Loan Institute will discuss the insur- ance of shares; Edward C. Baltz, vice president of the Perpetual Building & Loan Association here, will discuss liquidity for thrift and home fi- nancing institutions; H. O. Walther, regional director of the Home Owners’ Loan Corporation at Chicago, and New home built by the Cafritz Construction Co. at 7127 Hampden lane, in Greenwich Forest development of Bethesda, Md., sold to Frederick Butcher. INSULATION FIRM BEGINS OPERATION Plant Has Capacity Able to Supply Three New Homes Daily. ‘The Universal Insulation Co. of ore is subjected to a terrific tempera- ture of 2,500 degrees in a specially designed furnace which converts this ore into an extremely lightweight, bright-colored insulating material. ‘This material is applied by pouring over any area to be insulated, or it Frederick M. Babcock, chief of the| underwriting section of the Federal | Housing Administration, will discuss | engles of the home appraisal situation. | Bending major efforts toward sys- tematic organization of all building and loan units along local, State, and national lines, two of the major ad- dresses before the general sessions will deal with the technique of organi- eation. J. Gilbert Leigh, former di- rector in the United States Chamber of Commerce and prominent building and loan figure in Arkansas, will talk on “Organization Pays,” and Emil A. Gallman, secretary of the New Jersey Building and Loan League, will re- view State and league progress. The convention will hear for the first time the authentic statistics on the extent of the savings, building and | loan business as of the beginning of | the year in the report of Secretary- Treasurer H. F. Cellarius. He will show the volume of resources of the institutions by States, the consolidated reports of the associations, including the amount of their reserves, real estate holdings, mortgage loans made during the previous year and mort- gage holdings of the present time. Some surprising evidences of recovery | and back-to-normal activities in the field are likely to be in these statistics, it is foreshadowed by preliminary re- turns from some of the States. Other Branches to Meet. Besides the regular divisional meet- ings of the league convention, devoted to the special phases of advertising, accounting and attorneys’ functions, the Society of Residential Appraisers and the National Association of Build- ing and Loan Supervisors will meet during part of the convention period. Ralph H. Cake, Portland, Ore.; Gustav Flexner, Louisville, Ky., and Charles F. Axtmann, Youngstown, Ohio, are among the building and loan leaders who will discuss managerial, account- ing and advertising problems. The whole matter of home values in the future, and of the encroaching influence of prefabrication upon the older type of home construction and cost will be subject matter for the ap- praisers’ meeting and the session will be open to all building and loan dele- gates. The supervisors' group, com- posed of the supervisory officials from the various State departments, will pay special heed to the standardization of practices, co-ordination of State and Federal activities and the utilization of every existing means of bringing the activity of associations up to normal. Federal Home Loan Bank directors, both the public interest appointees and those elected by member associa- tions of the bank system, will hold a special group meeting presided over by Harold T. Donaldson, Lansing, Mich., second vice president of the United States League. The work of the new Federal Savings and Loan Advisory Council, the job of a director in a Home Loan Bank and general working problems of the banks will be matters for discussion, s Electric Clocks Find Favor. Electric clocks are being used in new homes and added to old ones as well. Prepare your house for electric clocks by having clock-hanger outlets installed. Their use eliminates un- | | sightly cords, and the clock may be placed solidly on the wall. Interested | In a refined, quiet detached neighborhood? A charming, livable home of distinction; beautifully modern- ized with every convenience. A lovely garden with trees and shrubs. Near busses, schools, stores, churches, An exceptional value and rea- sonable terms to a responsible purchaser, Then Saturday or Sunday see 6 Hesketh St., One bloock west of Chevy Chase Circle by way of Magnolia Parkway. Brodie & Colbert, Inc., REALTORS, Na. 8875 Maryland has now completed the erec- tion of a new manufacturing plant at 596 W street northeast. This plant, with rail and truck shipping facilities, | will have a capacity to produce per | day enough insulation material for 12 to 15 homes. The company’s product may be de- scribed as a mineral cork, its feather- weight granules are microscopically cellular and insulate against heat and cold It is fireproof, withstanding temperatures above 2,000 degrees. The basic material is an inorganic micacrous mineral. It is shipped to the plant in carload lots from the company’s mines, after being cleaned, separated from waste rock and reduced to suitable particles. According to geological records, it is known as vermiculite, a flaky, dark brown, mica-like substance. In the commercial manufacture the DETACHED All-brick center-hall Colonial in American University Park Open from 2 to 9 Seven rooms, two baths. Ine sulated throughout. Large landscaped lot. Ultra-modern kitchen and the finest appoint- ments of good home construc= tion. Very attractively ar- ranged recreation room and many other features that you will enjoy seeing. 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. a few minutes from boulevard street. Exhibit Home LL 0129 '1224 14th §t. N.W. HOUSING PLAN Pays INTEREST, TAXES, PRINCIPAL Our houses during construction wi Section of the Federal Housing Administration. Our Sample House HARRY WARDMAN, 1512 K St. | 1707 Eye St. | may be poured between the walls, as | it flows freely and produces a uniform density. 13th & Sheridan Sts. N.W. Desirable Uptown Neighborhood Between Georgia Ave and 16th St. These Fine BIG Homes Are Idedlly located. Only 1307 Sheridan St. N.W. 1319 Sheridan St. N.W. Roomy Porches, Beautifully Fin- ished Club Rooms, Built-in Garages, Attic, Large Breakfast Room, with Table and Benches, Oxford Kitchen Cabinets, Electric Refrigeration, Au- tomatic Heat, Rockwool Insulation and Weatherstripping throughout. Drive Out 13th St. to Sheridan WAPLE & JAMES, Inc: OWNERS—BUILDERS 7150 and *7,350 Six Rooms, Two Baths, Built-in Garage RECREATION ROOM-FURRED WALLS-WEATHERSTRIPPED After your down payment, as little as $50.00 PER MONTH UNDER FEDERAL nspected and approved by the Architectural 623 POWHATAN PLACE N.W. Out 7th St. to 6000 Block—Open Daily, 9 to 9 “Sealer” Seals for Painting. The term *sealer,” used in con- nection with painting, refers to & coating formulated to fill the pores of unduly absorbent surfaces, in prep- | aration for painting. By preventing | the absorption of oil from the paint they not only reduce the number of coats required, but insure a more uniform appearing and stronger film. downtown by through Cash Payment es Low as $500 On Some of These Houses *8,950 And Up Open Daily and Sunady Until § P.M, DIst. 33417, AND INSURANCE. INC. 121,787D. C. HOME RADIO - EQUIPPED Four Per Cent of Families Have None, However, Survey Reveals. Four per cent of the families in the District of Columbis are still without radios, although 121,787 homes here indicate, however, that the percentage of non-radio owning families is rapidly de During 1934, more than 20,500 radio sets were sold in the Capital, of which 3,800, or more than 18 per cent, were installed through short wave reception with events in all parts of the world are being demanded by an ever-increasing section of the population. Another index of the public’s inter- est in radio is the fact that to meet the demand for high quality sets, 2,000 workers were recently added to the staff of a Philadelphia radio manufac- turing plant, bringing the total to more than 10,000. Huge 0il Output. ©Oil flowing through the Iraq pipe line, which opened late in 1934, has already totaled nearly 2,000,000 tons. INSPECT SUNDAY or Daily, 7 to 9 P.M. Chevy Chase, D. C. 3781 Oliver St. Corner Conn. Ave. SUITABLE FOR PROFES- SIONAL MAN AND FAMILY. CLOSETO SCHOOLS AND CHURCHES Corner, on lot 96x100, with shrubbery and beautiful lawn. 8 rooms, 2 baths, garage, de- lighttul health kitchen, 3 open fireplaces, large porch. THOS. P. BROWN 615 4th St. S.W. National 6872 Outstanding! New Detached Homes tery Park, Bat Ma. 400 to 404 Battery Lane Prices $12,250 to $12,750 e erint or Serfestion Open lhll‘y and Sunday Unfil ® P.M. TO REACH—Out Wis. Ave. to Bank of Bethesda, left on Georgetown Rd. to Wilson Lane, left 5 blocks to Ezeter Rd.—right % block. Floyd E. Davis Co. Direction to Site of Silver Star Home in Colony Hill Area ‘The seventh Silver Star Home, : ! E i zgg hi it 3 FEE i ¥ =2 ; i 3 2 5 g E géi g% i i % £ .’gfi H] Eof i L gFg i EE Silver Star (Continued From PFirst Page.) clear, plain white oak that has been kept in warehouses at uniform heat to prevent absorption of moisture. This gives assurance the first heating sea- son will not produce open joints in the flooring, as so often occurs. All of the windows are unusually large, permitting a full supply of air and sunlight. ‘The hall on the second floor is above average In size, as ‘are the three sec- ond-floor bed rooms. Particular attention has been de- Price $5,100 428 LINCOLN AVENUE Riverdale, Maryland Beautitul 5-room brick bungalow, located about 6 miles from downtown section of Washington. The house con- tains 5 rooms. utiful tiled bath. cellar_under enti house: garage. Go out Washing! Baltimore Boulevard to Riverdale and turn right three squares. This is an electric kitchen ome. M. D. CAMPBELL Woodward Ballding Phone Hyattsville 132-M A Beautiful voted to the interior painting. Before the paper was hung the woodwork was given two coats of paint, the walls sized, all floors scraped and fine dust pushed | on & lot 115 feet deep and 80 feet wide, the house has front and rear yards, which have been well land- scaped under supervision of the Rock Creek Nurseries, Rockville, Md. Colony Hill is a highly restricted community launched several years ago by Boss & Phelps and located just north of Reservoir road and Fox- hall Village. Members of the Silver Star Homes Committee, who carefully examine each applicant for the Silver Star award, pronounced the Hoban road home one of the best-constructed houses they have inspected in several tion, planning and designing. Parrots have been esteemed as pets for 2,000 years. the home is painted and possesses a tasteful sim- of appearance. Set well back 0000 BUILT BY DUNIGAN—BUILT RIGHT HIGH ELEVATION—SOUTHERN EXPOSURE 201 Jefferson St. Northwest NEW ALL-BRICK CORNER HOME ATTRACTIVELY PRICED ¢ TERMS o FElectric Health Extra Large Kitchen G. E. Electric Refrigerator, latest “type electric range, one-plece porcelain sink, bullt-in cabinets. inlaid lino- leum, Sanitas wall coverings. 8 Large Rooms—Rec- reation room, 2 colored tile baths, fully screened and weather- stripped, built-in gar- age, 2 open fireplaces, center-hall plan. Open Daily and Sunday Until 9 P.M. D. J. DUNIGAN, I Tower Building NAfional 1265 New Home in “Woodhine®’ CHEVY CHASE A visit to “Woodbine™ will convince you of its outstanding appeal as a place to live. Location of property, the beauty and structural excellence of Glendale the improvements should attract the most discriminating. Pictured above is a lovely corner with 100-foot frontage. There are eight rooms—4 bed rooms—3 baths, large semi-finished attic, 2-car garage. electrie kitchen, oil heat. A home modern in every way. It will pay vou to visit Woodbine before you buy. Drive out Conn. Ave, to Wood- bine, turn east ome square fo Property. OPEN DAILY AND SUNDAY Owner 733 12th N.W. Nat. 0352 Furnished Exhibit Home homes of this character, if Desired Investment Bldg. Dist. 3830 Now ready for your inspection—the first 8 homes of a group of 32 now being built. ing public and builders alike will wonder how built to sell at this price. MASS PRODUC- TION is the answer. We pass substantial savings that we make on the purchase of materials and equipment on to YOU. These homes are truly sensational values! Here Is the Most Home for the Money Ever Offered in Washington We Invite Comparison 5111 3rd 3 HOMES SOLD BEFORE COMPLETION The home-buy- size and features could be Federal Housing Financing RE A WM M. ROCKMR‘I'O This home is moderately priced at $14,500, Nine homes under construction—6 sold As an added feature the above home is decorated throughout with “IMPERIAL” Proven Washable Wallpapers, featuring exclusive colorings and designs by E. C. Lowe, Interior Decorator, 807 Jeflerson St. NW. Georgia 6401. M. B. SWANSON Builder E. B. Toole, Sales. Open Daily and Sunday to 9 P.M. St. N.W. 6 Large Rooms (3 Large Bedrooms) @ 2 Tiled Baths @ Spacious Recreation Room Gas Heat Ultra-Modern Kitchen Built-in Garage 7,950 Built By BROWN BROS. In addition to the features noted above, the homes are screened, weather-stripped, caulked and have furred walls. Finished like far more expensive homes. The wall paper is the finest money can buy. Every detail of refinement reflects the high- est standards of structural excellence. High elevation. Close to transportation, schools, stores and churches. DON'T DELAY choos- ing YOUR home—they will sell QUICKLY. Drive out Kansas or Georgia Ave. to Gallatin St., turn east to 3rd St. and houses. DIstrict 6092