Evening Star Newspaper, October 3, 1936, Page 33

REAL ‘ESTATE. HOME FINANCING CONCERNS LARGE Only One Out of Five in Nation’s 11,000 Under $250,000 in Size. About one out of five of the private eapital institutions financing Amer- fcan homes today are under $250,000 in size. This becomes evident in the report of the United States Building and Loan League on the distribution of resources of the 11,000 thrift and home financing institutions, which head up in this organization, and hold s third of the country’s mortgages on homes. The small financial institu- sion is far from being swallowed up in this business, it is shown. Local na- ture of their business and their situa- tion in hundreds of small towns as well as cities accounts for the preva- lent small asosciation. Probably no group of financial in- stitutions show such wide extremes in size today as the co-operative banks and building and loan associa- tions, points out Raymond P. Harold, ‘Worcester, Mass., membership chair- man of the league, whose committee conducted the analysis. Eight Exceed $23,000,000, In the league's membership there are eight savings and loans institu- tions with more than $23,000,000 in | resources including one with $64,000.- | 000, the largest. There are 31 with | more than $10,000,000 in assets, but | there are 1465 member associations which are under $250,000. Mr. Harold indicated that most of the non-affi- lated institutions are the small ones and hence the total number of such sized associations is considerably larger than their proportion of the member institutions indicates. A majority of | the newly organized Federal associa- tions are still in this small group, it was pointed out. About 80 home loans on the aver- age will be held by an institution of | $250,000 in assets, he said, indic ing that even in smaller financial | bodies like these the diversification | which makes the safety of the build- ing and loan association as a mort- gage investment greater than that of the single type of mortgage holding by the individual is still there. Many Above $1,000,000. Assoclations between $1,000,000 and $3,000,000 are about as numerous as those between half a million and a million in assets. Mr. Harold at-| tributes this to the fact that once a thrift and home financing institu- tion gets to the half-million mark it is apt to acquire certain attributes which make for its more rapid growth, such as full-time management, bet- ter developed advertising programs, more carefully trained leadership. Geography seems to have much to do with the size of the building and loan associations and co-operative banks. The third largest State in | building and loan assets, for example, has no individual association larger | than $6,000,000. The largest State | in building and loan assets, on the | other hand, has four associations over | $10,000,000. Only two States West of the Mississippi have any $10,000,- 000 institutions and one States in the Middle West has nine of all the associations in this largest group. ‘The analysis of the business which is coming into such prominence as | #t swings into its first billion-dollar- | lending year since 1928 was made as 8 basis for tightening the lines of its co-ordinated activity, and to strengthen the concepts of sound home financing now developing even over so widely scattered an area. sold Large Holly Street Dwelling Sold Attractive dwelling at 1461 Holl; to Dr. George W. Hoover by C. builder. There are nine rooms and three baths in the house. street, at the corner of Sixteenth street, which has been . McKendrie, builder, through the office of Cuvier A. Metzler, —Star Staff Photo. BY How simple éh”}f' "::(‘n'hfln .o" know Just Row and why & B, tne Terrter. U Bedtime Stories The Mystery Solved THORNTON W. BURGESS. 80 of him?” | “Did you kill him?” asked Bowser. Flip looked a little confused. “Not | exactly,” said he. “What do you mean by not exactly?” | demanded Bowser. “Well, I didn't shake him to death NC' BILLY POSSUM had van- ished from almost under the nose of Flip the Terrier. To be exact, he had vanished been dead do you think I would let | | dead,” from right behind his back, which amounted to almost the same thing. | Unc' Billy had been lying there on | the grass, apparently dead. Flip had | turned his back to him to greet Bowser the Hound, who had come to see what Flip was so excited about. Perhaps 5 ,//_ MEANWHILE. DOWN INSIDE JOHNNY CHUCK'S HOUSE UNC’| BILLY POSSUM WAS CHUCK-| LING TO HIMSELF. | you can jmagine how Flip felt when | he turned and found no Unc Billy | lying there. He just couldn't believe his own eyes. No, sir, he couldn't | believe his own eyes. | “Where is this fellow you want me to help you take home?” asked Bowser. Flip looked rather foolish. He felt even more foolish than he looked. i “I—I don't know,” he finished lamely. | “He was lying right here behind me. I had dragged him quite a way.” “Was he dead?” asked Bowser. | “Of course he was dead,” retorted Plip rather sharply. “If he hadn’t You Must See Furnished and Open 9 AM. to 4 Bedrooms with Bus Service Contracted PFor. A visit will convince entrance to Kemwood), rioht to 417 Southern Bldg. SEE WHAT $12,750 WILL If you will drive out Wisconsin Ave. to Bradley Lane then turn left (west) 32 miles to our field office you will find one of Washing- ton’s finest restricted subdivisions site is 72 acre—there are larger acreage tracts avaiiabie in this 350~ acre tract—homes are being built, frontier is forming in this beautiful from the city, where wise, 20-year restrictions protect your invest- BRADLEY HILLS GROVE ment in We can build a beautiful brick and stone Early American rambling cottage with 4 bed rooms, 2 baths, Interiors of These Homes to Appreciate Their Spaciousness Exhibit Home—5544 Wessling Lane 1,950 3 Bedrooms, Library, 2 Tile Baths value afforded. To Reach: Out Wisconsin_or Connecticut Avenwe to Bradiey Bouievard. lejt to Fairfaz Road (fust east of Bradley Boulevard FRANK A. SIMON the Charming Daily and Sunday, 9 P.M. 2 Tile Baths or Street Lights Authorized. you of the unusual houses. NAtl. 3668 BUY where the minimum-size home streets are being installed; a new woodland secton only 25 minutes | he isn’t here. living room, dining room, electric kitchen, garage, oil heat, slate roof, efc., on wooded lot 110x200 $12,750 (% acre). R. BATES 1108 16th St. WARREN NAt. 9453 or anything like that, but I guess I scared him to death” replied Flip. “When I first saw him he was run- ning, but when I caught up with him | something had happened to him, and he was dead. I picked him up and | shook him two or three times. Then | I started to drag him home, and now | I don't understand it. | “Come over here, and perhaps you | will,” sald Bowser, who Lad been sniffing around. | Flip went over to where Bowser was | standing. There was a hole in the| ground there. It was partly hidden | by grass. There was no sand around. Flip sniffed at the hole. At once s familiar scent tickled his nose. He looked up at Bowser wonderingly. “However did he get down in there?” asked Flip. “Who took him there?” “No one took him there, stupid,” growled Bowser. “He ran in there on his own legs.” “But he was dead!"” protested Flip. “You mean you thought he was| retorted Bowser. “He wasn't| any more dead than you are. He was just fooling you. That is Unc’ Billy Possum down in there, and playing dead i one of the best things he does.” How foolish Flip did look then. He suddenly remembered that when he had first come to Farmer Brown's to live he had had a meeting with Unc' Billy Possum and had been fooled in much the same manner as he had been fooled this time. Not having seen him since, he had forgotten all about Unc' Billy. At the realization of how he had been fooled, Flip lost his temper. He suddenly began to dig furiously. n't waste your time and ener A NEW HOME IN A FAST GROWING NORTHWEST LOGATION PRICED TO SELL 4531 WARREN ST. N.W. *11,500 A lovely center-hall-plan home, con- taining 3 bed rooms and 2 baths. First-floor paneled den and first- floor lavatory. Big attic, gas heat, brick garage. stores. Close to schools and WILL CONSIDER TRADE Built by H. E. DAVIS . FRANK §. 927 15th St. Ave. REALTOR TO REACH: past Witconsin and Nebraska Aves. 46th St., right to Warren and right to Romes. Drive west om Massachusetts to PHILLIPS DI. 1411 ,fi better value for BEAUTIFUL CORNER HOME —‘ At a Surprisingly Low Price 8 Rooms — 4 Bedrooms This large house, 24 feet in width, has been reconditioned throughout with air-conditioning, awnings, Frig- idaire, maid’s room, built-in garage and beautiful shrub- bery. We know of no 6300 8th St. N.W. Open Daily, 10 to 9 HARRY WARDMAN, said Bowser. “You can't dig him out. ‘This is one of Johnny Chuck’s homes wouldn’t have made any difference because you thought he was dead.” Meanwhile down inside Johnny Chuck’s house Unc’ Billy Possum was chuckling to himself. . (Copyright, 1936, L B CUPBOARDS REVIVED New England Idea of Pioneer Days Now Modern. In old New England homes, cup- boards were an essential part of the house. A novel arrangement was a cupboard with glass doors over the fireplace. This provides an excellent place for a collection of colored glass or chinas. Cupboards are a welcome addition to the modern home also. THE EVENING STAR. WASHINGTON. D. C., SATURDAY, OCTOBER 3, 1936. 14 COMMERCIAL PROPERTIES LEASED Linkins Company Reports Brisk Activity During Recent Months. The leasing of 14 prominent com- mercial properties was aanounced to- day by the business leasing depart- ment of the George W. Linkins Co. The firm reported business &s brisk during recens months, and stated that indications were that it would remain good in Washington for the next few years. Leases recently effected by the of- fice are as follows: Btores at 1244-6-8 Ninth street, to J. P. Scott, Inc., for wholesale auto- mobile accessories; store 1102 Connect~ icut avenue to Floselle, Inc., for & millinery, hosiery and gift shop; store at southwest corner of Conpecticut avenue and M street to Jean Matou, Inc, for women's wear, linens and laces; 92¢ Ninth street to Sirics and Emmons for barber shop; 1918 Penn- sylvania avenue to Commerce Valet Shop; the building at 915 E street to Adam A. Weschler and Son, suce tioneers; the three-story building at 1529-31-33 Fourteenth street to Stan- ley H. Horner, Inc, for sutomobile REAL ESTATE. sales and service; store at 1106 Con- necticut avenue to Mrs. Hannah Gold- berg, for women's wear; the building 8% 326 Independence avenue south- west to J. Phillip Knapp, for whole- sale and retail beer, wine and liquor business; store at 926 Ninth street to Stanley Lee, for a laundry; 218 and 230 Massachusetts avenue to Pelicano and Stellabotta, for gas station, auto- mobile repair shop and supplies; 808 Fifth street, to Francis Jeter for lunch room; parking lot 8t northwest corner of Seventeenth and De Sales streets, to Irwin L. Wagner; 17190 De Sales street to Lee Quen, for laundry. CHUTE FOR CLOTHES ‘The problem of collecting solled linen and clothes and storing it until wash day is an annoying one in many homes. Hampers and bags get up- pleasantly full and take up valuable bath room or hall space. A laundry chute may be built, with openings en all floors, and the linen may be dropped in it to be whisked away to a bin in the basement, where it will be convenient to the laundry room. c— GUARDS REPAIR FUNDS Canada Fellows U. 8 in Guar anteeing Agsinst Loss. Encouraged by the outcome of & similar program in the United States, the Dominion of Canada Government has drawn up & plan under which it will guarantee lending institutions against losses up to 15 per cent for loans to s maximum of $50,000,000 to home owners for repairs and ime provements to dwellings. ‘The administration Intends to ex- tend the housing act so that personal loans up to $2,000 may be advanced as character loans, with interest at 5 per cent, the loans to be repaid over a period up to five years. g o Harvest Shades in Rooms. An attractive living room can be keyed to the coppers, yellows and hennas of harvest time. One such room, which still retains its dark pine beams, has walls painted a dull old« gold color; woodwork, & shade deeper than the walls; deep brown floor; draperies and upholstery in the rust and copper tones and dark green rug. First Showing—-New Detached Brick $8,950 INC. Dist. 3830 3616 Austin St. S.E. Located on o high elevation, surrounded by beautiful trees, this new home offers a first-floor bedroom aend bath . . . living room with fireplace . . . dining room . . . ultra modern kitchen . . . large recreation room . . . two bedrooms, bath ond kitchenette on second floor. Ample closet space. Extra lorge lot 50x180. Insulated and finest construction features throughout. $8,250 - To Reach: Out Penn. Open SE. to Branch Todny‘ and Daily "v.g'h'v = ’Asl:;h;u Until 9 P.M. right on 36th St. to G. W. ABSHER Austin St., left to house. Built by Atlantic 4943 723 and 725 OGLETHORPE ST. N.W. 2 BATHS w semi-detached brick homes superior points FAne i uRits Poeb woel tnsuiatlors mciat E. M. AIKEN, p "..'Et.hf._“u AGENT ON THE ilons ‘in Brigntwi HOUSES. .“.:MP.I‘!I.A ‘Govern: SAMUEL LITTMAN Owner and Builder. 2, BATHS copper screens. OPEN DAILY AND SUNDAY TILL 9 P.M. are esy on, Met. 9892 Adams 10429 %9250 .. *9,750 Selling Fast 6 Homes Sold Last 3 Weeks In This Newest and Finest Jordan Built Group Nine rooms and 3 baths arranged for 3 families with privacy for all, making it & home on the easy purchase plan or an investment. Exhibit Home, 1728 D St. N.E. Featuring all briek : furred walls: rock weol insulation: ‘-.Mn ond oot e Voot of mbisrials Dave bocn Bsed ihroushont -:::lh‘-.-- Ol,‘.fi.;l.l sold l.-%m ‘community S T R R fi‘ll-: the I:“: city, See them Open Daily and Sunday 9 to 9 8,950 Térms Arranged w PR A J. A. JORDAN—Owner-Builder DEcatur 5765 4007 18th N.W. A fine new home in a location unsurpassed, with Rock Creek Park as your neighbor. First floor contains living room with large nreglm, dining room, breakfast alcove, kitchen and library with complete bath and shower. Second floor features three excellent bed rooms and two large baths with ample closet space. There is a large deck porch on the rear. Attic is finished suitable for sleeping quarters, Beautiful pine-paneled recreation room in basement, built-in garage and National gas heating system. Drive out today. Out 16th fo Taylor, left to 18th, left to house. RAHMPIES 808 North Capitol St. NA. 6732 FIRST TIME OFFERED 600 and 604 Van Buren St. N.W. Beautiful Detached Homes Eight large, light rooms; 5 bed rooms, insulated attic, furred walls. Hot water heat. Electric refrigerator, garage and all the latest improvements. Open and Lighted Until 8:30 P.M. Drive out and look them over HOWENSTEIN REALTY CORP. 1418 H St. N.W. Dist. 7877 HUNDREDS OF PEOPLE ARE VISITING NG e SUBURBAN LOCATION WASHINGTON'S FINEST 915 COLUMBIA BOULEVARD (At 9500 Block Georgia Ave.) $8,950 Open 9 A.M. to 9 P.M. and Daily HUNDREDS ot people will visit this delishiful mew Celon! located in Washington’'s mewest com- On Very Easy Terms DRIVE OUT NOW! Out Georgia Ave, 1 mile vast trafle light in Silver 8nring and right to Rome. WAPLE & JAMES, INC. 1224 14th St. N.W, 9521 Georgia Ave. trance—some- o stall showe: Ipoms—senter entran oa T ] lern feature—at & price you ean afford. Substantially Built by Harry Poretsky, I Dlst. 3346 SHep. 4488