Evening Star Newspaper, June 20, 1936, Page 26

C—2 1301 LOMN ONTS INSUREDBY .. Shareholders and Deposit- ors Protected Up to $5,000 Against Loss. Up to June 6 thrift and home- | lending associations to the number of | 1.301 have been insured as to safety | of investors' accounts through the | Federal Savings & Loan Insurance Corp., which began operating late in 1934. More than 1,000,000 share- holders and depositors in these insti- tutions are now protected against possible loss up to $5,000 each. Indicating the size and resources of these insured institutions, which are | located in 44 States, the District of | Columbia and Hawaii, it is reported that their combined assets total over $850,000,000. They include 1,079 Fed- erally chartered savings and loan as- sociations, some newly organized and | others converted from State charter | in the past three years, and 222 as-| sociations operating under supervision of their respective States. | In addition, applications for insur- REAL ESTATB. THE EVENING STAR, WASHINGTON, D. C New Dwelling in Grasslands Purchased ance from 18 other institutions have | been approved by the insurance tor- | poration The additional safeguard to these #avings, which come in part from wage earners and other people of small means, is attracting an in-| creased volume of investment funds to these institutions, enabling them | to increase their rate of lending for the construction, purchase, repair and refinancing of homes. Letters received by the Federal Home Loan Bank Board from many insured institutions | testify to the benefits they have re-| _ ceived from this insurance protection, which have permitted them to func- tion actively in the interest of savers, borrowers and their communities. NEW HOUSES SHOW ELECTRICAL ITEMS | stockholder. Mr. and Mrs. Edwin A. Potter have just purchased th Grasslands, from Meadowbrook, Inc., the builders. Housing (Continued From First Page.) units to $77 per month for the six- room units. rhe average rental per apartment will be about $67 per | month. The project is sponsored by the Blair Manageme: Corp.,, of which Montgomery Blair is the principal The land, inherited by Mr. Blair and transferred by him to the corporation, has been held by the | Blair family for more than a century. Air-Conditioning Systems Are In-| cluded at Average Cost of $6,000. As a practical demonstration of its contribution to the home-building pro- gram in the moderate-income field, & large manufacturer has had constructe ed in Detroit 11 modern electrically equipped and air-conditioned houses, built at an average cost of $6,000, in- cluding architect’s fees, builder’s profit | &nd real estate broker's commission, it | was announced. | Highly rated by the Federal Hous- | ing stration, the houses are eq pecially tailored year- | around itioning equipment, electric refrigerator, electric range and a total of 18 products Arrangements with contractors, util- ity companies and distributors are be- ing completed for the construction of | over a hundred such houses in various parts of the country Capital and | building materials for the houses, which | will be buiit by independent contrac firms following designs and specifica- | tions of engineers, are being supplied | locally. | Planned to meet the needs and de- &ires of the American public for homes | embodying the latest advances in tem- | The Federal Housing Administra- tion will insure a first mortgage on the property to the amount of $840.000, and the R. F. C. Mortgage ! Co. has agreed to finance the insured mortgage. The total cost of the project will amount to approximately $1,100,000. Justement Is Architect. |E. J. FLYNN TO HEAD BOSS & PHELPS UNIT Prominent Real Estate Man to Be in Charge of Business Property Department. Edmund J. Flynn, prominent in Washington real estate circles for the | 1ast 16 years, has been placed in charge ! of the business property department of | Boss and Phelps, realtors. Announcement that Mr. Flynn will | head their business property depart- | ment is made by Boss and Phelps with the further statement that they be- | lieve the time is opportune for the ex- 1 pansion of this department because of | the increasing interest | vestors. among in- Mr. Flynn, who resigned last week | | from W. C. and A. N. Miller, where he is new residence at 4425 Yuma street, —Star Staff Photo. Home | | _ (Continued Prom Pirst Page.) | was given the Barnaby Woods house | This committee is headed by James 8. Taylor of the Federal Housing Ad- | ministration as chairman. Other members include Edwin H. Rosengar- ten, prominent builder; John Nolen, | ir., director of planning of the Na- | tional Capital Park and Planning | Commission; F. Eliot Middleton, pres- | | ident of the Washington Real Estate | Board, and Irwin S. Porter, former president of the Washington Chapter, American Institute of Architects. The house will be open every day during the next week from 10 am. until 9 pm. It may be reached by driving out Connecticut avenue to | | Nebraska avenue, thence right om Nebraska three-quarters of a mile to Utah avenue and left five blocks to | Louis Justement of 744 Jackson |had been sales manager in charge of | Barnaby street. The house is located | place is the architect in charge of of the Southern Building is the at- torney representing the Blair Man- agement Corp. Hillside Gardens is the second large- | scale housing operation in the metro- politan area of Washington to be ap- proved under the Federal Housing Administration’s plan. Va. That project includes two distinct operations. The first was erection and completion of a project involving an outlay of $1,128,600 and providing 276 home units. It proved so suc- cessful that upon completion it was | immediately filled and a new project | was planned and approved by the Federal Housing Administration. This second project involved an expendi- ture of $1,860,800 and accommoda- tions for 462 families. Both mortgages on Colonial Village, one for $875,000 | Wesley Heights and the general bro- | the project, and E. Cortlandt Parker \[ kerage department, has been engaged in the real estate business in Washing- ton since 1920. In that year, he re- signed his commission in the United States Navy after 10 years of service. He is a veteran of the World War and | of campaigns in the West Indies and Central America. | The first one | | is Colonial Village, near Clarendon, three blocks from the intersection of | Utah avenue and Barnaby street. Rotary Hoe Invented. Rotary hoes for working the ground | around rocks in mountainous regions | have been invented by young M Howard of Parramatta. Australia. | A BEITZELL SHOWING | BIG, BEAUTIFUL COLONIAL HOMES 24 FEET WIDE . .. Near St. Gabriel's Church and BIG, LIGHT ROOMS SATURDAY, AIR CONDITIONING GAINING IN FAVOR Increased Use in Homes and | Factors in Installation Are Discussed. Taking its seasonal place in the spotlight among topics of interest to real estate, architectural and buflding circles, air conditioning looms larger than ever this year, since it is being widely applied to the home for the first time. Alr conditioning first proved its worth in industrial and commercial applications and finally invaded the field of new-home construction as an important factor last year. During the past 12 months manufacturers have been busily developing new air con- ditioning equipment specially adapted to the small and moderately priced home. The current market finds many residential builders stressing air con- ditioning as the most compelling sales feature of their houses. Much of the once-prevalent mystery about air conditioning Ims been dissi- pated, and there is now a much clearer general understanding about not only the equipment but also about the many factors relating to it. Type Equipment Needed. The Summer cooling equipment needed depends on the refrigerating 4808 Leland JUNE 20, 1936. REAL ESTATE. capacity which will be demanded. | This, in turn, depends on a variety of LOAN BANK GAINS factors which differ sharply in each individual case, such as climate, ex- Continuing an unbroken rise for | posure, radiant heat of the sun, door | the past 15 months, outstanding ad- { and window space, building materials, | vances of the 12 Federal Home Loan | Insulation, amount of heat generated | Banks to their member institutions | within the space of lights, appliances | reached the record figure of $110,921,- | reserve credit by most of the 3,604 members of the bank system indicates | growing progress by these thrift and home-financing institutions in making new mortgages. The current advances result in the purchase and construc- tion of homes, and help to fill the local demand for long-term credit to considerations, all to be weighed and balanced by the air-conditioning en- gineer in determining the specific job | to be done and the proper apparatus to do it. | Careful consideration of all these| factors will enable the builder to keep in hand the capacity of cooling equip- | | ment needed, effecting a worth-while | | saving in original equipment cost and as well sustained economy of opera- | tion. | i Planning of Windows. | As a case in point, the Pittsburgh Glass Institute points out the fact that proper planning of windows and other glass areas is an important factor | in the overall application of air con- | ditioning. | | Among the several recently developed glass products is solex, a heat-absorb- ing glass of blue-green color, designed | to meet the demand for a glass which | would reduce both heat intensity and | glare resulting from the direct radia-| tion of the sun. Used for glazing southern and western exposures of | buildings, solex transmits a maximum of sunlight and a minimum of solar| heat. Tests have indicated that rooms | glazed with solex will run from 10 to 20 degres cooler during the hottest por- tion of the Summer day and from two |to four degres at other times of day | than the same rooms glazed with ordie | nary plate glass. | Street—$9,450 ated on lot 57x100, containing THREE BED ROOMS and TWO BATHS, is the latest unit to be com- pleted by GEORGE A. SACKS, bounded by Wiscon: Ave * Drive to 6700 Wisconsin Ave Others in this commur from $7,950 up. Open Daily and Sunday GOSS REALTY GO. 1405 Eye St. Inc, in the beautiful development and Bradley Blvd. tura west on v, which are in varis Leland. one block to property stages of construct @, N—SALES Na. 1353 You Have Never Seen Anything Like This New Home for $6,950 or human beings, and several similar | 536, on May 31. finance the accelerating volume ot This increasing use of their line of | home building throughout the Nation. THE SOLD SIGNS ARE TELLING THE STORY i £ [ 4415 HIGHLAND AVE. WEST CHEVY CHASE . . TELLING THE STORY OF A SUCC UL DEVELOPMENT BECAUSE PRICES ARE WITHIN YOUR MEANS AND YOU GET REAL VALUE, DOLLAR FOR DOLLAR IN THESE AMAZINGLY FINE HOMES. ¥71,250 . Corner Homes, $7,450 OPEN SUNDAY 10 to 9 DAILY 2 to 9 Drive out Wiscon bearing right pa Bethesdc, continur 4 hlocis - orr tiirn right on Highland Ave- BOSS & PHELPS REALTORS BETHESDA. MD BEAUTIFULLY BUILT BY WALKER & PRESCOTT 1e Problem Is Solved When You See These New Homes Your o perature engincering, the houses have | and one. for $1480,000, were. teren | s 327 OGLETHORPE ST. N been designed to make available to| by the New York Life Insurance Co. | % a ’ 4 23 Y A o families of moderate means, through | and insured by the Federal Housing | ] ’ mass production, the full comforts and | Administration. conveniences of modern housing | science. | Irish Horsemen Win. Horsemen of the Irish Free State ‘Won many honors at the Nice, France, horse show. WAKE UP AND LIVE In this charming English Cottage painted white with green shutters and roof & half-acre of ground with 30 shade pond % bath and modern kitchen: with G. E. oll furnace and To Reach: OPEN SUNDAY ONLY At other times by appointment only. Price, $8,950.00 AURORA HILLS HOMES, 2301 South Arlington Ridge Road A NEW HOME IN WESTMORELAND HILLS Drastically reduced for immediate sale 4408 Western Ave. N. This all brick home contains 6 large rooms and iractive floor plan, lovely bed rooms. sarage. Gas heat with BUILT OPEN DAILY AND SUNDAY Drive out Massachusetts Ave. at District line. 15th St. N.W. Completely landscaped and inclosed in a white picket fence. The first floor has large living room with firepiace. “Bed large finished room on second floor; full basément attached garage, Busses pass the door and carry you downtown iIn fifteen minutes. 2722 So. Arlington Ridge Road Cross Memorial Bridge to Arlington Cemetery, turn left, straight two miles to house, kitchen with Electrolux: first-fioor den in knotty pine; 3 TRANE ANGER, _ Brick There is an attic, providing space for 2 additional rooms if needed. Turn right on Western Ave. to homes. WILLIAM BOSWELL Agent Woman Performs Marriages. Miss M. Busby, superintendent reg- istrar in Fulham Town Hall, London, | is busy performing marriages, brides | liking the idea of being united for life | by a woman. | Almost trees and live spring feeding a lily two bed rooms and 10 AM. to 9 P.M. Inc., Exclusive Agents Phone Jackson 1866 2 tile baths. Unusually at- BY SIMPSON-PEAK CO. to Westmoreland Circle, ME. 3033 MODEL HOME OPEN DAILY New homes that are different—24-foot homes with 6 big rooms; beautiful baths in colors, glass vestibules, big recreatic room, plenty of closets, 3 bright bed rooms, gas heat, garage, big land- scaped lot. to see the model home today moderate cost. Insulated rock wool, furred. Large lots. Be sure if you want the best home at Also a corner home at $10,500. DRIVE OUT New Hampshire to 4th St. N.W. left igh Rooms — 2 Bath Ave. and io homee. S b Suitable for two families with a room adaptable as a bed room on first floor. This house has been reconditioned throughout including new heating plant. 1303 Allison St. N.W, Open Daily 10 to 9 HARRY WARDMAN, Inc. DI. 3830 8266 Cedar Avenue Silver Spring Park, Md. 13 restricted res:dentic In this rapidly qro is seldom offerec walls, cellar under ent On a lovely wooded | OPEN DAILY AND SUNDAY TO 9 PM. WALTER P. Owner-Builder BALILES Phone Shepkerd 3941-W The Checpest New Homes in Cheyv Chase, D. C. e 3711-3713 Jenifer St. N.W. Less Than . Block East of Connecticut Avenue ‘NZ E have had a great de- mand for a house at 9,650 this price in the vicinity of Connecticut and Nebraska Avenues and here they are for your inspection today. Each contains six rooms and two baths . . . furred walls . .. concetled radiators . . . fireplaces . . . Philadelphia flagstone front and rear porches . . . modern electric kitchen . .. brick garage . . . oil burner . . . cedar closets . . . insulated modern con- struction used throughout. d Sunday to 9 P.M. J. Wesley Buchanan, Inc. 916 15th St. N.W. MEt. 1143 Bigger Homes—Lots—Rooms Bzautiful Semi- This home is truly superier in con- Dectached Home 20x40 Ft. on a Lot 212 Fr. in natural ghout. Wood burning fireplaces in living room and recreation room. Breakfast room adjoining Kkitchen equal in size to most dining rooms. 2 complete baths. Large livable base- ment in addition to recreation room. 1-car brick garage. Insulated with rock wool, caulked, screened and metal weather-stripped, this home represents more for the money than any you can find elsewhere in this section, Reasonably Priced—Convenient Terms Open Daily Until 9 PM. e Waple & James, Inc. sonoes MEMBERS WASHINGTON REAL ESTATE BOARD 1224 14th St. N.W. District 3346 Overlooking Rock Creek Park First Time Offered 4507 Argyle Terrace (Between Allison and Buchanan at 18th) Open Daily Till 9 P.M. A beautiful home, priced over $1,000.00 below origi- nal first trust. Living room, approximately 33 ft. long; large reception hall, dining room, sun parlor, extra lava- tory, kitchen and pantry complete the first floor. Second floor contains four real bed rooms and sun room, with two complete baths. Attic over entire house, with cedar closets, etc. Large, dry basement, with maid’s room and complete bath Home contains every modern improvement, oil heat and electric_refrigeration. Extra large yard—beautiful shrubbery—2-car garage. Large concrete porch, open- ing off living room and overlooking Rock Creek Park. Drive out 16th to Allison— West to 18th and Argvle Ter- race—turn right half block. METZLER~REALTOR District 8600 1106 Vermont Ave. SUNDAYS—Nites Ad. 0620