Evening Star Newspaper, November 30, 1935, Page 18

B—2 #% REAL NEW YORKLEADS N REPHIRNOTE F. H." A. Figures Show Record of Having Insured $40,103,531. With a record of having insured $40,103,531.46 in modernization and repair notes, the State of New York led the Nation, in which there was a total of $194,877,984.66 at the close of | business October 31, 1935, the Federal | Housing Administration announced today. New York had made 88,548 insured loans out of a total of 528,666 for the Nation. California was second with a total of $28.991,293.97 for 88,055 loans, and New Jersey third with $13,179,960.79 for 31,141 loans. Illinois and Pennsyl- vania were next in order, with com- paratively little separating them. Illi- nois had made 27,181 loans for a total of $9,702.083.55. Pennsylvania had made 27,813 for a total of $9,605,871.03. Because of their population and other favorable conditions, these States were naturally out in front in main- taining the ever-increasing operation of Title I under the national housing act. But there is another picture in which opportunity, or rather the lack | of opportunity, is taken into consider- ation. In this Arizona, with comparatively scant population, smaller communities | and wide spaces, was far ahead. Based | on their quota, or what could normally | be expected in the way of moderniza- | tion and repair, this State is nearly | “over the top” and head and shoulders | above any other State or district. Nevada, where much the same condi- ! tions obtain, is second. The San Fran- | cisco district takes third place and the New York City district fourth. | Los Angeles follows New York City. ‘Then come Seattle, Wash.; Miami, Fla.; Newark, N. J.; Portland, Oreg.; ‘Washington, D. C.; Boise, Idaho; Salt Lake City, Utah, and Providence, R. I. Permits (Continued From First Page.) designer; to erect two 2-story brick | dwellings, 1 and 5 McDonald place northeast; to cost $6,000 each. | Alton C. White, 518 Twelfth street southeast, owner. Warren Spencer, | 1350 Jonquil street,s designer and builder; to erect one 2-story brick apartment, 520 Twelfth street south- east: to cost $11,000. P. L. McConahey, 2694 Nichols ave- nue southeast, owner; L. W. Giles, architect; William Prohaska, 2505 Park place southeast, builder; to erect one 2-story brick flat, 3318 Fifth street | southeast; to cost $9.000. E. W. Brown, 1501 Connecticut ave- nue, owner; E. B. Corning, architec Earll Smith, Ballston, Va., builder; to erect one 2-story brick, concrete block and frame dwelling, 1211 Law- rence street northeast; to cost $9,000. Boss & Phelps, 1417 K street, owner | and builder; H. P. Baxter, architect; to erect one 2-story brick-and-frame dwelling, 917 Aspen street; to cost $8,000. | Francis L. Lyddane, 4214 Eighth | street, owner; H. W. Gaines, designer; | to erect one 2-story brick-and-tile | dwelling, 3827 Massachusetts avenue; to cost $7,500. Rev. E. Thomas Broadus, for Cen- tral Union Baptist Church, owners and builders; J. A. Plater, designer; to erect one 2-story concrete block and frame church, 4401 Foote street north- east; to cost §7,500. Col. Paul Henderson, 3201 Wood- land drive, owner; Newbold Develop- | ment Co., Bethesda, Md., designer and | builder; to erect one 2!z-story brick dwelling, 1421 Thirty-fourth street; to «cost $6,000. | Amy Hanlein, 906 Rittenhouse street, owner; Edgar B. Griffin, de- signer; Harry B. Pitts Co., 1015 Fif- teenth street, builder; to erect one 2- story brick and frame dwelling, 429 Quackenbos street; to cost $6,000. Modern Builders, Inc., 4921 Fourth street, owner and builder; L. R. Moss, chitect; to erect one 2-story brick and concrete block flat, 4840-4842 New Hampshire avenue; to cost $6,000. W. C. and A. N. Miller, 1119 Seven- teenth street, owners and builders; Edward R. Spano, designer; to ®erect one 2-story brick and frame dwelling, | 4200 Forty-ninth street; to cost $6,60 Jerome 8. Murray Co., Inc., 1406 G | street, owner and builder; to erect one 2-story brick and concrete block | dwelling, 4109 Nineteenth street north- east; to cost $6,000. ‘W. C. and A~N. Miller, 1119 Seven- teenth street, owners and bullders; | G. E. MacNeil, architect; to erect one | |\ 2-story frame and stone dwelling, 3706 | Van Ness street; to cost $5,500. = W. C. and A. N. Miller, 1119 Seven- teenth street, owners and builders; @G. E. MacNeil, architect; to erect one | 2-story frame and stone veneer dwell- | ing, 3714 Van Ness street; to cost $5.500. ? W. C. and A. N. Miller, 1119 Seven- teenth street, owners and builders; G. E. MacNelil, architect: to erect one 3-story frame dwelling, 3710 Van Ness street; to cost $5,500. W. C. and A. N. Miller, 1119 Seven- teenth street, owners and builders; G. E. MacNeil, architect, to erect one | 3-story brick and tile dwelling, 4116 | ‘Thirty-seventh street; to cost $5,500. W. C. and A, N. Miller, 1119 Seven- teenth street, owners and builders; G. E. MacNell, architect; to erect one 3-story brick and frame dwelling, 4112 Thirty-seventh street; to cost $5,500. W. C. and A. N. Miller, 1119 Seven- teenth street, owners and 'builders; G. E. MacNell, architect; to erect one 3-story concrete block and brick dwelling, 3700 Van Ness street; to cost | $5,500. Woodridge Gardens, Arthur 8. Lord and Paul P. Stone, 4504 South Dakota avenue northeast, owners and build- ers; Louis de Ladurantaye, architect; to erect one 2-story brick dwelling, | $7,450—Terms or For Rent—$65 Per Mo. 510 Underwood St. N.W. M 2-story brick_home: deep 1 2 completely scree: we: stri] Furnished, heated and open for inspection. GOSS REALTY CO. 1405 Eye St. N.W. NAtL 1353 J. 8. Eaten, Sales Dept. | fifth street southeast; to cost $5,250. ESTATE., Colonial Type Mr. and Mrs. L. M Shearer bought place from H. Jj. Korzendorfer, builder. THE EVENING 'S8T Home Sold ] T this dwelling at 4900 Forty-third Colonial in design, it contains seven rooms and two baths. The office of Frank S. Phillips made the sale. 1908 Shepherd street northeast; to cost $5,500. Wesley W. Billings, 4921 Georgia avenue, owner and builder; Volney O. Chase, architect; to erect one 2-story brick dwelling, 1152 Forty-fifth street southeast; to cost $5,250. Andrew F. Cranford, Capitol Heights, Md., owner and builder; Vol- ney O. Chase, architect; to erect one 2-story brick dwelling, 1147 Forty- R. W. Werth, owner; John B. Nut- ter, designer; Woodridge Realty Co., 2377 Rhode Island avenue northeast, builders; to erect one 1!z-story brick and concrete block dwelling, 4024 Twenty-fourth street northeast; to | cost $4,500. Alley Dwelling Authority, United States Government, owners; Homer J. Smith, architect; Hemans 8. Ward, 1402 Spring road, builder; to erect one 1-story brick and concrete auto repair shop, alley rear 205 Third street southe east; to cost $4,800. Randolph Lawson, 1104 Forty-sec- ond street northeast, owner; J. A. Plater, designer; A Barnes, 1104 Forty-second street northeast, builder; to erect one 1!3-story brick dwelling, ir., str str Waggaman & Brawner, street, owner; revise No. 186336, 200 | and 204 Douglas street northeast; to cost, $800. | W. E. Havenner, 630 Alabama av ~—Star Staff Photo. to make repairs, 3401 O street; to cost $2,500. Union Missionary Baptist Church, owners; S. B. Miles, designer; to erect one 1-story frame church building, 5300 D street southeast; to cost $2,000. W. C. and A. N. Miller, 1119 Seven- teenth street, owners and builders; to | erect four brick garages, 4112 Thirty- seventh street and 3714, 3710 and 3706 Van Ness street; to cost $450 each. ‘Tidewater Oil Co., New York City, owner and designer; Herbert H. Con- way, Inc., Upper Derby, Pa., builder; to erect one 1-story brick and con- | crete block addition, 3101 Nichols av- | enue southeast; to cost $1,200. Charles H. Davis, 238 Fourteenth | | place northeast, owner; R. C. Archer, | , 1759 U street, builder; to stucco dwelling, 238 FPour- teenth place northeast; to cost $1,000. Harrington Hotel, Eleventh and E owner; American Building Cleaners, Inc., builder; to steam clean exterior of .building, Eleventh and E architect; L. Harri eets, eets; to cost $1,500. 1700 UNITS THRIVING Federal Publication Cites Gains in Investment and Lending Activities. A test study, just completed, of 20 converted Federal savings and loan associations, formerly operating un- der State supervision, reveals decided gains both in volume of private investment and in mortgage lending activity, according to an article in the current issue of the Federal Home Loaa Bank Review. As each association studied is located in a different State, the upward trend is presumed .to represent a general condition. From January to September the institutions experienced an average increase in amount of private share subscriptions of 13.8 per cent, most of which took place in the latter three months. In the nine-month period the 20 associations showed a gain in mortgage loans outstanding of more than $5,000,000, or 57.9 per cent. One of these associations, located in New England, increased its loans by 131 per cent. A month-by-month comparison of 758 new and converted Federal associations, for which reports are available, shows continued expansion in new loans for construction and the purchase of existing homes, and a corresponding decrease in lending for refinancing purposes, indicating accelerated new home bullding ac- tivity. Loans for new construction, purchase of homes and reconditioning amounted to 64 per cent of all new loans made by these associations in September. As of November 15, there were 990 | Federal savings and loan associations mn operation, with total resources of approximately $470,000,000. Every Federal association is required by law to be insured through the Federal Savings and Loan Insurance Corp., which protects every shareholder | against loss up to $5,000. Insurance |of shareholders is also available to | State-chartered associations of the | building and loan type. which apply |to the corporation for such insur- ance and are approved. More than 100 State-chartered associations have Already become insured. 1 WASHINGTON, D. C. SATURDAY, NOVEMBER 30, 1935, BUNVERTEB LUAN Home in Woodlawn Village ‘This attractive small home at 1408 North Abingdon street, Woodlawn Village, Va., has been purchased by builder, T. J. Brumback. OVERFLOW OF FUNDS INTO REALTY SEEN Market Becomes More Attractive for Idle Capital, Balti- more Believes. Special Dispatch to The Star. BALTIMORE, November 30.—That the huge supply of idle investment funds will soon begin to overflow from the listed securities markets into real estate is the belief in financial circles here. Due to the steady climb of high- grade income-yielding issues, owners of idle money are finding it mcre;s-‘ ingly difficult to obtain suitable invest- | ment mediums in the corporate bond market. ‘They now see indications of improv- | ing investment status in the real| estate field, brought about by the in- | | sured mortgage plan of the Federal | Housing Administration and the vari- | ous safeguards instituted by that or- holder of realty liens. The lower financing costs made possible under the housing act, elimi- ganization for the protection of the| LESS SPECULATION SEEN IN REAL ESTATE CYCLE Dr. David T. Rowlands Believes New Property Will Be More Stable. ‘The prosperity period of the pres- ent real estate cycle will be less spec- ulative than the one just ended, says Dr. David T. Rowlands, of the Uni- versity of Pennsylvania, and there is little possibility of sufficient decen- tralization of industry to cause wide scattering of employnient opportuni- ties. These tendencies in population patterns are ene reason for believing th-;.u the new prosperity will be more s “Some financial developments tend toward the same effect,” said Dr. Row- lands who was addressing the Society of Residential Appraisers, holding their meeting simultaneously with the REAL ESTATE, couraging periodic amortization of mortgage debt the future real estate financing will tend to be predicated on thrift of purchasers rather than upon an ever-increasing volume of floating debt.” LEAGUE POST CONTINUED ‘William 8. Dubel on Building and Loan Council for Maryland. Special Dispatch to The Star. BALTIMORE, November 30.—Wil- liam 8. Dubel, secretary of the Staies Mutual Building Association, con- tinues as Maryland’s member of the Executive Council of the United States Building and Loan League, the na« tional organization, it is announced. He has served two years as national executive committeeman in the na- tional group for Maryland, and now because of a change in the league's constitution is given the rank of meme Building and Loan League. “By en-| ber of the Executive Council. T | | 1 Mr, and Mrs, H. G. Pratt from the o v | BECAUSE THEY'RE THE BEST ! nating second mortgages and cutting BUYS !N MT. PLEASANT | down service charges, are also makin . . real estate commitments more l"rlc? 3157 —and ameng the leading values in tive to the borrower, it is said. Ad M'“ the entire city. Beautiful, quality S e o ams 1 built. DIFFERENT, 3-bed-room, 2- Glass Building Block. bath homes, with recreation room, o e i e A Road finished and equipped like homes now offered for structures requiring OUC"’OQ*I’H[ much higher in price. Ultra-modern maximum natural light. It's sald to Rock Creek gas - equipped kitchen have high insulating value, to be non- and gas heat. Deep lot sweating. Amount of light transmis- Park with builtin gara, sion can be governed through the style of face cutting. Only One Left SEE THEM TODAY. — = HOMES BUILT BY BROWN BROS. New Steel Fireproof OPEN TODAY WA M S Sunshine Homes! < - = <THROCKMORTON $7,950 & up e e e Investment Bldg. DlIstrict 6092 i ¢ curity. B they are insulated s ref ator—heated with gas (air tioned heat)—with _ control fo e AN UNUSUAL HOME OFFERING Come Out Saturday or Sunday To Inspect: Drive out Wis. Ave. to Bank of Bethesda, veer left on Old Georoefown Road ‘1 mile past Bank to Roosevelt St. turn left 2 blocks to homes. 4256 Lane place northeast; to cost $4,000. Alley Dwelling Authority, United States Government, owners; Homer J. Smith, architect; to erect one 1-story brick and concrete storage garage, 2321-2327 Stanton court; to cost $4,000. E. B. Smith, 1428 O street, owner and designer; R. E. Roe, 4832 Wis- consin avenue, builder; to erect one 1-story frame dwelling, 5419 Haw- thorne place; to cost $3,500. P. D. Crandall, care H. L. Rust Co., owner and builder, G. S. White, de- signer; to erect five 1-story brick and frame dwellings, 508, 512, 518, 520, 524 Lebaum street southeast; to cost $3,000 each. L. O. Turner and Jack Creal, 1822 P street southeast, owners and build- ers; George T. Santmyers, architect; to erect ome 1-story brick dwelling, 1719 Evarts street northeast; to cost $3,000. Roy E. and Dorothy Ritts, 1318 Or- Ten street northeast, owners; Joseph Blair, designer; E. J. Field, builder; to erect one 1-story brick dwelling, 2701 Thirty-second street southeast; to cost $3,500. Dr. J. G. Townsend, 2400 Sixteenth nue southeast, owner and builder; to | erect brick and tile garage, 612 Ala- | bama avenue southeast; to cost $800. Thomas P. Brown, 615 Fourth street | southwest, owner and builder; Schrefer | | & Patterson, architests; to erect one | 1-story brick addition to gas station, 1104 Nineteenth street; to cost $800. Charles E. Berry, 504 L street north- east, owner; National Engineering Co., Tower Building, builder; to erect | room under existing second-floor porch, 504 L street northeast; to cost $500. M. L. Warner, 625 North Carolina | avenue southeast, owner; L. W. Giles, | | architect; Federal Contracting Co., 913 New York avenue, builder; to erect addition, 625 North Carolina | avenue southeast; to cost $500. Woodridge Gardens, Arthur 8. Lord and Paul P. Stone, 4504 South Dakota | avenue northeast, owners and build- ers; Louis De Ladurantaye, architect; | to erect brick garage, 1908 Shepherd street northeast; to cost $450. Automatic Window Opening. Spring hinges open & new steel case- ment window automatically when s chain adjusting device is released. Its hinged screen is interchangeable with g WAVERLY TAYLOR. % INVITES YOU TO VISIT The New American Home Furnished and Decorated by WOODWARD & LOTHROP THIS HOME. SPONSORED BY THE GENERAL ELECTRIC COMPANY, IS AN ELECTRIC KITCHEN HEALTH HOME. INCLUDING G. E. ELECTRIC DISHWASHER AND R. B. WARREN 1108 16th Nat 9453 5625 New Hampshire Ave. street, owner; J. H. Collier, builder; a hinged inner sash. AR/ 215 BRADLEY B Magnificently built with 7 extra large rooms, 2 beau- tiful baths, complete in every detail. Out Conn. or Wisconsin to ~Bradley Lane, turn left (west Wis, Ave. about one square), Also See Realtors 1506 K St. 219 Bradley Boulevard Now almost finished and ready for inspection. Open Daily and. Sunday REALTY ASSOCIATES, Inc. OoU National 1438 o B 6 rooms, bath, living room 18x22 3 beautiful bed rooms, the smallest Bethesda o West Va. Ave., e 2 Schools. 1405 Eye St. A lovely new Liome with six large rooms on a lot 55x150. Every mod- ern convenience center-hall plan, built-in oxford cabinets, electric refrigeration, furred walls. Weather-stripped and screened through- out, built-in garage. One block of Bethesda and Chevy Chase High One of the pret- tiest new homes we have ever offered for sale at this price. $8,450 4602 West Virginia Ave., Bethesda, Md. with fireplace; dining room, 17x13V2; beautiful kitchen, 14x15 with double drain boards; built= in cabinets full length of the room; electric refrigeration, and pantry. 13x15; 2 open porches, 2-car garage, lot 60x130 with plenty of large trees. Drive out Wisconsin Ave. 2 blocks past Bank of , turn right to house. 4404 MONTGOMERY AVENUE BETHESDA, MARYLAND To Reach—Drive out. Wisconsin Ave. to 6900 block (County Bldg.), turn right 2 blocks on Monigomery Ave. Homes Heated and Open Daily and Sunday to ® P.M. GOSS REALTY CO. 1. S. Eaton, Sales NA. 1353 At Vale Street on Leland one-half mile to pfilg Location of business. Environment hand of Miller Price highest standard in character and Wesley Heights. Open from 10 a.m. PRICES FROM $15.950 TO $20.750 Offers the three important consider- ations in the selection of a home. Accessibility — convenient to everything and everywhere, and yet safely removed from the turmoil ‘Where Nature has lavishly spread her beauties, and the restraining every tree and shrub and regulates community standards. Experience and volume of opera- tions give to Miller-built the very struction, at prices that are actually less than are asked for homes which degree comparable to the homes in You are invited to inspect the Sample Home 4426 Macomb Street including Sunday. W. C. & A. N. Miller Developers & Builders KITCHEN WASTE UNIT AND IS EQUIPPED WITH G. E. WINTER AIR CONDITIONING. and Ro"ing Road TO REACH: Drive out Sisteenth Street to Sherrill Drive (op- posite Walter Reed Hospital) thence to Beach Drive and #urn right two miles o sign at Leiand Street, or . . . out Connecticut Avenue to East Woodbine Street, turn right to Brookeville Road, left one block to Leland Street and right Drive “New American Home™ sign’ Brights control protects in design and con- location are in no to 9 p.m. every diy, At Madison St. ! FACING WIDE BOULEVARD Takoma Park, Md. Near All Conveniences and Transportation 307 CARROLL AVE. Bty hiah slevation. commanding sweeping. views of the. cir. you will find the house that you will be proud .to call “home.” 1In this new offering. & beauty of design has been combined with lifetime con- Brick and Frame, 6 large struction embodying every essential of the ideal home. rooms, tile bath, hot-water heat, open fireplace, ook 3 St e floors, electric refrigerator, complete with the mri u.:uua .".':....“.: built-in garage. Lot 50x100. e i P e . e 1273x H trolux refrigeration . . . Others as low as $3,950. ml:u lrimn. ansi:;ll;y B“y/u" Thris Aakhed sttic . A. L. ROBERTS _— a gicel oOpen | 22 Manor Circie \rTr';leB“;;d wAPLE 5JAMES INC. s | Takoma Park, Md. MEMBERS WASHINGTON REAL ESTATE BOARD | 1224 14th St. N.W. District 3346 \ { FRONT VIEW 8402—8404 DALE DRIVE, SILVER SPRING, MD. \ 9,500 Some of the features: Oil heat, furred walls, slate roof, screened porch, guaranteed dry cellar, insulated 2nd story. | ( | GARDEN VIEW OPEN AND HEATED DAILY AND SUNDAY TO 9 P.M. To inspect, drive out 16th and Alaske Ave. to Siver Spring; out Georgia Ave. to Bonifant St., turn right at Peoples Drug Store; out Bonifant St, to Dale Drive and ’fuP!r’v. DALEMONT REALTY AND CONSTRUCTION CO. Silver Spring, Md. Shepherd 1705 [