Evening Star Newspaper, December 7, 1935, Page 23

REAL ESTATE. A NORTGAGES SOLEHT BY STATE Bank Officials Seek to Es- tablish Insured Securities in Portfolios. ! Bank commissioners in 44 States have moved to establish Federal Housing Administration insured mort- gages in State bank portfolios as se- curities of continuing return even in the face of default, it was announced here today by Robert M. Catharine, deputy Federal housing administrator. “Some misunderstanding on the part of approved lending institutions over recent rulings by State banking commissioners,” he said, “on classi- fication of “mortgage loans insured by the Federal Housing Administration, needs clarification. “Banking departments in 44 of the 48 States have issued instructions to | bank examiners that mortgages in- sured under the national housing act should not be considered ‘slow, doubt- | ful or loss” This classification, which ; is the same as national bank ex- | aminers use under instructions from | the controller of the currency, is war- ranted because lending agencies are assured a continuing return for the | use of their money invested in in- sured mortgages even though the bor- rower may fail to meet his payments. “Typical of the action being taken by the various banking departments is this statement by Roy A. Haines, bank commissioner of Kansas, in his instructions to Kansas bank exam- | iners: ‘Because the insurance pro- vided under the provisions of the na- tional housing act for loans of this type and because debentures of the mutual mortgage insurance fund is- | sued in exchange for property secur- ing mortgages, which are insured prior to July 1, 1937, shall be fully guaran- teed as to principal and interest by the United States, you are instructed not to classify such loans held by State banks as slow, doubtful or loss, provided in cases of default, the nec- essary steps have been taken to con- tinue said insurance in effect.’” The four remaining States whose banking departments have taken no action are Georgia, Mississippi, Ken- tucky and Virginia. The latter three, because their Legislatures have not met since passage of the housing act, have had no opportunity to amend State laws to permit State banks to make maximum loans of 80 per cent allowed under the housing act. The enabling legislation for Georgia was vetoed. In all four States, however, national banks are making maximum loans, while State banks and other financial institutions under State con- trol are making loans up to the maxi- mum permitted under the various State laws. Jolly rm A Little Chat on Etiquette. MARY HAS A MODEL HUSBAND, BUT HE'S NOT A wORNN(x—MODEL S. T. B—It is not necessary for a man to remove his hat and remain bareheaded while talking with a wom- an out of doors, especially on a cold and blustery day. Even in fair weather he replaces his hat if the woman sug- gests it. Send a return envelope for the leaf- let, “Manners in Public.” The new Carl Mackley Houses, $1,039,000 Public Works Adminis- tration low-rent housing develop- ment in Philadelphia, which have drawn 60,000 visitors from almost every State and a half dozen foreign countries within the past year. They provide 284 apartments at rentals within the means of low-income familles. The project is one of the first housing developments of the kind established in the country with the aid of the Federal Government. In the lower photo is Joseph Miller, | ome of the residents of the apart- ments, who designed and made all furniture for his two-room apart- | ment. It took six months of his | spare time and cost $250 but was worth it. 'OFFICERS NAMED BY APPRAISERS ington Is Among List of Gov- ernors Announced. New officers of the Society of Resi- dential Appraisers, professional group | of 900 home appraisers and home loan | executives, are George W. West, At-| |lanta, Ga., president; H. O. Walther, | | Chicago, first vice president, and F. 8. | Cannon, Indianapolis, Ind., second vice president. The society added 85 new | members during October and Novem- | ber, the new official body reports. | A board of 15 governors has been | chosen to guide brodd policies on the | collection and dissemination of data | about current trends in home values. | Representing 13 different States, this group includes appraisers for savings, building and loan associations, mem- bers of State supervisory departments, appraisers for State F. H. A. offices and consulting appraising engineers. The governors are G. H. Fallin, Peoria, II.; Edmund J McCormick, New York City; E. M. Einstein, Fresno, Calif. (retiring president of the socie- | ty); Harry Copeland, Houston, Tex.: Thomas Sands, Bay City. Mich.; Kirk Reynolds, Portland, Oreg.; George T. | Whelden, Indianapolis; C. Harry Min- ners, New York City; Duncan Edes, Brockton, Mass.; David T. Rowlands, Philadelphia; Frederick M. Babcock, Washington, D. C.; Joseph S. Shaw, Atlanta; Paul Hathaway, Denver; A. Ardouin, Los Angeles. Interesting Dining Room. coral-colored ceiling, pale gray painted draperies. The brown of the floor is | ture and the pleasant tint of the ceil- |ing is echoed in the light shades on | the chandelier and in the dishes in the corner cabinet. True Lilies Seen Too Rarely In Home Gardens,Says Expert True lilies are seen entirely too have to compete with the hungry roots | rarely in the average home garden, according to Walter R. Ballard, horti- culturist for the University of Mary- land Extension Service. He says the average gardener is afraid to try this particular variety of flower, believing it to be too difficult and tempera- mental, but that actually the more common forms of lilies are no harder to handle than many herbaceous per- ennials. Good varieties for the ama- teur to start with are the Madonna, Regal and Tiger, it is stafed. Most lily varieties require adequate drainage and this may be secured by placing sand under and around the bulb. In addition, the bulbs should be provided with a good fertility in the form of well-rotted manure and bonemeal, thoroughly mixed with the #oil. The Canadian lily and a few other varieties require a moist or ‘bogegy condition. However, even with these varieties, where it is necessary to have the water table accessible to the root system, a well-drained condi- tion should exist around the bulb. . Depth of planting is largely de- termined by the type of lily. Stem- Tooting types are placed from 8 to 12 inches below the surface, whereas non- stemrooting forms are planted only 3 to 4 inches below the surface. - In any case, most varieties of lilies prefer to have the base of the stem shaded by the foliage of the plants, although they should not be placed where they will ss,,so—Terms - 523 Rittenhouse St. N.W. g o A8 S gl el rage. New-house condition. . Open Sunday and week days to 9:30 p.m. . . Harry B. Pitts Co. 1015 15th St NW, MET. 0100 | of trees or shrubs. ‘The time of year when importations arrive will determine when the bulbs shall be planted, although early Fall or Spring is suitable. | Frederick M. Babcock of Wash- | E. Albright, Akron, Ohio, and Louis | An interesting dining room has l' walls and jade green woodwork and | repeated in the coloring of the furni- | THE EVENING STAR, WASHINGTON, D. C, SATURDAY, DECEMBER 7, 1935.° P.W.A. Apartinents Attract Thousands WARRENTON HOME BUILDING REVIVES ROCKEFELLER BUILDING SEEN SEQUEL TO CENTER The apartment houses John D. Rockefeller, jr., announced recently he will build opposite his home and the residence of his father in West Fifty-fourth street, New York City, are regerdel as a prelude to a resi- dential development that will cor- respond in a measure with the mag- nificent group of commercial struc- tures he has built in Rockefeller Center. The plan visualized by real estate men, based on information picked up from time to time, would include the replacement of the Rockefeller colony of homes with an apartment structure. When details of the construction of NOOKS ARE POPULAR Breakfast With Housewives. Corners Find Favor An the breakfast nook. | wainscoting to the lower half of two | corner walls and investing in two built-in hardwood benches and a table, it is possible to add another “room” to the house. Wainscoting is available in many attractive designs: Imitation marble, tile and color panels. S Tower Blown Down. The 530-foot wireless tower in Co- logne, Germany, was blown down in & | recent gale. A NEW HOME With SIX BEDROOMS Located on a large, deep lot. shaded with stately oaks, within walking distance of and senior high school new brick center-hall house contains everything desired —besides the six large ms ing room, 3 and batn, living porch, porch. and 3-car garage. is General Electric. ofl heat—fully screened — elec. , refrigeration — furred walls—weather-stripped and insulated. 3924 Harrison N.W. Chevy Chase, D. C. Drive out Comn, Ave. to Harrison St., turn left 2, squares to home. Open Daily and Sunday R. B. Warren 1108 16th St. NAt. 9453 Built on Your House usually sells with Open Saturday 'nrlntil 5P Call week days after 2. Colorado Building Our Service to Builders STANDARD HOMES COMPANY This Modern Will iamsburg Colonial Lot in Nearby Virginia or Maryland for $4, Basement, Hot-Water Heat, Hardwood Floors. Tiled Bath One of the Home Bargains of the Year 475 Small down payment, balance $40 per month. lot for $7,500 to $8,500 M.-—Sunday, i to 5 P.M. Open Evenings to 9 P.M. Is Nationally Known Washington, D. C.. Paris Relics Turn to Dust. to be nothing but dust. the first apartment houses are an- nounced they are expected to show in- | novations that have not been installed | Sacred relics, believed by many to | in any other apartment houses. They be protecting Parls, have been found | are expected to represent to apart- They had | been placed inside the cock at the top | much progress as the towering heights ment house construction equally as innovation growing in popu- | larity among American housewives is | By applying | of the spire of the Cathedral of Notre | of Rockefeller Center meant to the| Dame 75 years ago. e building. TWO VERY ATTRACTIVE ® SALES IN THE NORTHWEST ° FESSENDEN AND FORTY-SIX STREETS NORTON PLACE AT WISCONSIN AVENUE In the choice Clevelond Park Section — overlooking the Mcleon estate. This newly reconditioned semi- detached tapestry brick house, containing 8 rooms, both, G. E. refrigerator. Oil burner. 2-car built-in ga- roge. Here is an excellent comer lot bungalow in a well de- veloped community, con- taining five rooms, bath, hot-water heat. $500 cash and monthly payments equivalent fo rent buys this desirable little home. Before you buy—consult us e L These New Macomb Street Homes in Wiesley Hrights Just Cannot Be Matched NAtional > Street 9666 There is no location that can com- pare with the three sections qf Wesley Heights—in natural beauty; in protec- tive restriction; in convenient access- ibility. And location is something you want to be very sure of when you buy a home—that the environment will not change™ with time. You know how neighborhoods go down. Miller-con- trolled communities cannot be invaded or encroached upon by undesirable ele- ments. 3 = These homes are especially happily designed. There is that indefinable something about the plan and the equipment that will appeal to you the moment you cross the threshold. And the construction in every detail has been made to conform to the standard of Miller-built—a standard that “no other development, in or around Wash- ington, equals. Constfuction is one of the real yardsticks with which real estate values must be measured. And you, perhaps, have thought the price—because of the location and con- struction—to be beyond what you want to-pay. The fact is, these homes*are really LOWER in PRICE than any con- temporaneous offerings. Come and go through them. You will be surprised and impressed. 'Sample Home No. 4426 Macomb St. _ Dpen from 10 a.m. to 9 p.m. every day W. C. & A. N. Miller Home Fix- REAL ESTATE. Up Program Opened To Attract Buying Interest ‘The Home Owners Loan Corpora- tion bs. launched a “fixing up” pro- gram designed to attract buyers to ml‘\m mll. said today repair work on towsrd activities,'as more homes are required, ghm:m expenditure is expected Although about 3,000 foreclosure action. have been instituted, latest available figures showed the corpora- tion has actually acquired only 642 properties. Of these, 17 have been sold at.a total profit of about $2,000; 277 :[FARMERS RECEIVE $314,000,000 MORE Crop Sales and Benefits for 10 Months of 1935 Reach $5,563,000,000. Farmers marketed $5,099,000,000 worth of farm products in the first 10 months of this year. They received| in sddition $464,000,000 in Govern-| ment benefit payments. The total of | $5,563,000,000 compares with $5,249, 000,000 in the first 10 months of 1934. October les of farm products in- creased more than seasonally, says the Bureau 0f Agricultural Economics re- porting the income figures. Sales| totaled $793,000,000 compared with| $638,000,000 in September, and with $692,000,000 in October last year. Benefit payments in October were $58,000,000 compared with $57,000,000 | in September and with $76,000.000 in October last year. In October last| year farmers also received $28,000,000 for cattle sold to the Government. | There was a marked increase in in- come from truck crops and meat ani- mals this October. Income from ! grains, fruits and vegetables increased seasonally. Income from cotton was slightly higher than usual, but tobacco income increased less than usual. | It | Aviation Reserve Planned. | Military authorities of Japan have | decided to admit college and univer- sity graduates to the services as fly- ing officer candidates. The necessary regulations will be issued shortly in Tokio. i 4337 seven windows. bedrooms, three Presenting for the first time in this delightful residential section J—— “-_ two charming homes of stone-and-brick consfruction. Center- mem hall plan, large living room, fireplace; dining room, 13x18}2, with knotty pine recreation room, built-in garage. Willlams automatic oil burner heating all domestic hot water. To Inspect—Drive out Mass. Ave. to Wisc, Ave., out Wisc. Ave, to Warren, left fo Nebraske Ave., right to houses, or out Mass, Ave. to Nebraska, right to houses, Mass Production Makes Possible the Amazingly Low Price on These Fine Homes 6 large rooms, 2 tiled baths, spacious recreation room, gas heat, ultra modern kitchen. Built-in garage. Homes are screened, caulked and have furred walls. Finished like far more expensive homes. The wallpaper is the finest money can buy. finement reflects the highest standards of struc- tural excellence. transportation, schools, stores and churches. Exhiblt Home 5141 3rd St LW, have been rented and 320 are vacant. Former owners still are living in 28 under guarantees of State redemption laws. The reconditioning program is centering on the vacant houses, al- though some work is being done on A total of 445000 such cases, in- volving the expenditure of $91,000,000 for reconditioning have been ap- proved by the H. O. L. C, Loan Com- $51,025,107, have been completed. A country-wide staff of architects, engineers and technicians is in charge of H. O. L. C. reconditioning. In ad- dition to this staff the corporation has about 3,500 “see-men” who receive mmm compensation for individual % . English Normandie ¢ B-7 BEAMED CEILINGS MAKE ROOMS SEEM LESS HIGH Installation of an attractive beamed ‘The size and location of electric fix- tures influences appearance, size and celling height in a room. Small ceiling and wall fixtures are preferable in Picture moldings fastened to walls where they join the ceiling heighten the wall effect, while, on the other hand, low moldings decrease wall and other trim increase the appearance of wall height and size of a room. Wainscoting or broad panels in a paneled room tend to decrease the appearance of height of walls, while narrow panels or vertical sheating tend to increase the appearance of wall height. The size, number and arrangement of pictures and the height at which they are hung influence the appear- ance of size. nating, priced for the moderate income. e 1329 G— s Ritouse S. N.W. Furnished by Hutchison, Inc. Draperies by John F. Ligon Beautifuily finished, luxuriously appointed, these are truly de luxe homes. 6 rooms, 2 baths, extra lavatory, recreation room. Garage. Near 16th St., Rock Creek Park and Golf course. Open for Inspection Today, 11 a. m. to 9 P M Drive out I3th St., to Rittenhouse . St. and Left to Homes. FIRST SHOWING Bradley, Beall & Howard, Inc. Ezclusive Agents Insurance—Real Estate—Lo: Southern Bldg. Nebraska Avenue N.W. Furnished by Hutchison, Inc. Draperies by John F. Ligon $12,500 Open Daily and Sunday to 9 P.M. Bedroom and bath on first floor. Two master cedar storage closets, furred walls, slate roof, BAKER REALTY CO. INC. Dist. 1311 1420 K st , weatherstripped, Every detail of re- High elevation. Close to Built by BROWN BROS. MWOr S LwmCcrr< MOu=TICHK =