Evening Star Newspaper, October 10, 1936, Page 31

'PROPERTY OWNERS - GIVEN YARDSTICK Mortgage Banker Official Tells Ohio Realtors of Plan. Epecia! Dispetch to The Star. TOLEDO, Ohio, October 10.—A yardstick for the Nation's prospective home builders and property owners to use in determining whether to make a loan through the Federal Housing Ad- ministration or through a private Mortgage banker was set up here this week by George H. Patterson, secre- tary-treasurer of the Mortgage Bank- ers’ Association of America, in an address before members of the Ohio Real Estate Association, at their 27th annual convention at the Hotel Secor. “Two years' operation of the F. H. A.” he declared, “clearly indicates that the rule-of-thumb to follow in . making real estate loans in that property owners or home builders wishing to make a mortgage based upon 65 per cent, or less, of the ap- praised value of the property should do so through private mortgage deal- ers because they can do so consid- erably cheaper and secure many other ¢ advantages. For loans of more than 65 per cent of the appraised value go to the Federal Housing Administra- tion,” he said, “because such loans are eonsidered speculative by private banking and the borrower must expect to pay high service charges and more than 6 per cent interest.” In fact, he added, loans based on greater than 65 per cent valuations must almost of necessity be made through F. H. A, because the past experience of pri- vate lenders has shown that, gener- ally speaking, they are unfair for the lender and borrower as well. Mortgage Money Ample. “There is ample mortgage money * available everywhere in the country today,”- Patterson declared, “so that any property owner or prospective home builder who is employed need have no difficulty in securing a loan. Two avenues are open to him: The Pederal Housing Administration in- sured mortgage plan and the stand- ard mortgage lending plan offered by most reliable lending institutions. The P. H. A plan is intended for those who want large loans. greater and the cost to the borrower is more. A monthly premium is re- quired and the borrower must pay every month a portion of his princi- . pal, interest, insurance premiums, servicing charges, fire and windstorm insurance and collection eent and not 5 per cent as advertised widely by F. H. A. Some even con- | tend the rate is over 7 per cent. So for risky loans, F. H. A. is best, and it is best, too. for tiagse borrowers who otherwise would orced to make a first and second mortgage. Standard Plan Offered. “The standard mortgage lending %Plan is offered by many mortgage banking institutions, insurance com- panies, banks and building and loan associations, and in most instances it is considerably less costly than F. H. A. insured mortgages. Interest rates vary Wwith the section of the country. but it 1s most likely that you can borrow at from 4!, per cent to 6 per cent easily, and there are no monthly servicing charges or mortgage insurance pre- miums. In addition, this plan carries mno burdensome restrictions such as «dttached to F. H. A. mortgages. For example, F. H. A. makes a borrower pay a 2 per cent penalty if he is as much as 15 days late in making a monthly payment, and charges him a 1 per cent penalty if he pays off his loan before maturity. If he gets be- hind in his payments for 30 days he ean be foreclosed and foreclosure is mandatory after defaults of one year. ‘There are literally thousands of peo- | ple who can recall even in the gloomy | days of 1930, 1931 and 1932 that | private holders of their mortgages | waited- far beyond a year before fore- | slosure. The risk is | expense. | The interest rate is around 6.38 per | ESTATE. This attractive garden vista was taken at one of the Barnaby Woods Development Co.’s new homes, 6608 Thirty-second place, in Barnaby Woods, Chevy Chase, D. C. Special equipment has been added for lighting the garden at night. BY J. W. WELLINGTON. ‘AS THE outdoor season draws to | a close, the home gardener, who | has reveled in an abundance of flowers all through the Summer season, looks | ahead to the long Winter with sin- cere regret. Flowers in the home in Winter are not at all impossible if | one takes advantage of the bulbs, | such as hyacinth, narcissus and tulips. Most of these can be potted, stored in a cool place and brought into the house for flowering. Bulb pans, which are merely shallow flower pots, may be purchased at any garden supply | store. These may be filled with soil or with prepared fiber containing plant food. Most bulbs have to go through a period of low temperature in order | to grow thriftily. This is not true of | the paper white narcissus, tha Chinese | sacred lily and the soleil d'or narcis- | sus. These may be placed directly |in dishes of water and will start to | grow. However, even with these three | it is well to start them in a room near 50 degrees F. and later bring them into the living rooms. Pebbles placed in the dish give the roots a | foothold and prevent the plans from ;toppl'mg when in flower. Hyacinths may be forced in water, { it only the base of the bulb is sub- | merged. ‘Tulips and ordinary garden varieties | of narcissus will not blossom until | after a prolonged rest at low tem- | perature and this is why these flowers are not seen until after the new year. Superb Dahlias. 'HOSE who visited the regional dahlia show staged by the Wood- ridge Garden Club in the auditorium of the John Burroughs School on October ¥ and 4 were greeted by one of the finest displays of flowers that has been in this vicinity in many seasons. ductions, there were flowers from as ¢ “Despite the many complex prob- | lems affecting the mortgage banking | business today, it is obvious to every | one in the business that conditions are | improving rapidly. New construction was almost the last of the major lines | to feel the upswing, but it is going| ahead now as never before in the past decade. It will take the equivalent of & 8wo or three years of abnormal con- | struction to make up for the deficien- cles created by the lack of building | during the depression years, even though new building continues to forge | ahead at the present rate. Home build- ing today is now at 5!.-year peak, so | I think that any one engaged in real | estate financing or construction may well afford to look optimistically to- ward the coming 10 years.” LIGHT ALLOYS EXHIBIT ° Widening Use in Building to Be| Seen in Show. The widening use of steel and| light-weight alloys in buildings bridges and other large metal strug tures will be portrayed in a public exhibit by the Engineering Founda- tion in Pittsburgh October 14 and 15 in connection with the Fall meeting of the American Society of Civil En- gineers. Engineers, metallurgists md. ‘workers in allied fields from all over the country are expected to attend. This trend, it is pointed out by the foundation, research agency of the| national engineering societies, with | headquarters in New York City, fol- * lows the well-established recognition of these materials in making automo- iles, aircraft and tool WHITEHEAD {utomatic Gas Water Heater in excellent condition and there was ample space to show them to real advantage. The immense flowers of the giant decorative dahlias drew the: visitor's attention at first, but a study of the exhibits revealed the attrac- tiveness of the smaller pompom more useful for cut flowers in the home and exist in a surprising array of beautiful colors. The seedling class was one of the most attractive of all and made one realize that the dahlia is in a state of constant improvement. There are literally hundreds of varieties of this Autumn flower but, apparently, the breeders are not yet satisfied. One of the interesting facts that was the value of dipping the base of the stalks in hot water for a few minutes. Without this treament, the Simmon# of Takoma Park explains the benefits of the hot water treatment on the basis that it softens the woody stems and makes them more porous and absorptive. On the whole, the Woodridge Garden In addition to local pro-| far away as Cincinnati, Ohio, and | Long Island, N. Y. The blooms were | dahlias. These latter would be vastly | one picked up at this dahlia show | blooms wilt rather quickly. Winn T.| Club and those who aided in contrib- uting prizes and other awards deserve |® lot of praise for putting on such | & brilliant and instructive show. Japanese Anemones. THE Japanese anemone is one of the most desirable hardy herbaceous | perennials that one can plant in the border. The colors are exquisite, ranging from white through pink | shades to rosy red and the flowers are produced on stalks, 2 to 3 feet in height, that permit an attractive dis- play in the garden and make desirable cutting material. The flowers endure well after cutting, lasting for several days in the home. Among important varieties are | Alice, suffused bright carmine; Queen | Charlotte, delicate pink; Rubra, rosy | | red; September Charm, silvery rose, |and Whirlwind, white. These ane- mones grow nicely in partial shade but need cultivation and liberal fer- | tilizing to do their best. | The plants need about the same pro- | tection in Winter that should be pro- | vided outdoor chrysanthemums, that is, a cover of an inch or two of loose leaves or of pine boughs. The Hemlocks. TH’E hemlocks of which two species, | Tsuga canadensis and T. carolinia, | are native to Eastern America, are | among our best evergreens for home | decoration. The trees retain a glossy, attractive green throughout the year | and do not turn brown as do some of the arborvitaes. The habit of growth is more natural than some of the stiffer branched evergreens, such as Colorado spruces. The hemlocks are tolerant of shade as they often grow naturally as the A Rare Bargain Under $5,000 316 11th St. S.E. Open All Day Sunday Here is a six-room and bath brick home just reconditioned; with modern hot-water heat, refrigeration and stove. A moderate cash pay- ment — and terms may be spread over a long period of time. MOSS&ar Tower Bldg. MEt. 1776 Evenings and Sundays Onlyi SHepher: home, A lovely new center-hall-plan , containing 3 bedrooms under-story growth in the forest. Although potentially capable of devel- oping into large trees, the hemlocks may be pruned rather severely and, in fact, are often used as hedges. where they myst endure severe clipping throughout their lifetime. Another advantage for the hemlock is that it is not exacting as to soil and will thrive in a diversity of situations. A Timely Book. “ A DVENTURES WITH HARDY BULBS” is the title of an at- tractive new book from the pen of Louise Beebe Wilder. Descriptions are presented of different kinds of bulbs, some well known to local gardeners and others native bulbous plans that are much worthwhile, but not grown generally. There are chapters on the use of bulbs in the rock garden, for naturalizing and for general planting. The book is well written and read easily and the information is trust- worthy the author being well known in national gardening circles, having SATURDAY, OCTOBER 10, 1936. written several books. valuable gardening ‘The Compost Pile. T THE time of leaf fall, the home gardener is given an opportunity to help himself to Nature's abundant supply of potential fertility. Leaves are burned in great quantities each year, but at the best it is a wasteful practice, for leaves contain consider- able fertilizer material. Applied di- rectly to the soll, leaves are a detri- ment to gardening, but if placed in a pit or pile and rotted, they yield a valuable supply of organic matter. Since most of our local soils are deficient in organic matter, it is to be deplored that the leaf source of fertility is not utilized more generally. The decomposition of leaves and other plant refuse may be speeded up by the addition of a few pounds of sulphate of ammonia and of lime to the composting pile. It'is important also that the pile be kept moist if rains are deficient. One nearby home gardener has a rather unique way of handling leaves. A small bathing pool is drained about this season and the leaves dumped in. During Winter and early Spring, the leaves decay rapidly, so that useful material is obtained for the garden before the pool is again needed. Hardy Oranges. ALTHOUGH not generally known, there are many orange trees growing in the vicinity of Washington. A tree on the Department of Agricul- ture grounds is now dropping a heavy crop of fruit. Unfortunately the fruit is worthless, being bitter and dis- agreeable. The tree is valuable from a horticultural viewpoint, being real attractive when covered with golden fruit. The seedlings are used for roots for the Satsuma orange in Ala- bama and Northern Florida. Fre- quently one sees the seedlings included in sales of nursery stock in the Spring. Propagation is very simple. Seeds stored in moist sand germinate readily when planted in the Spring. The hardy orange is often used as a protective hedge on account of its numerous thorns. Garden Notes. THE rains and cooler weather have favored greatly new plantings of grass seed. Crab grass is now turn- ing brown and will soon be dead, as this species is annual in habit. Scratching the soil with an iron rake permits new grass seed to get a start and suffices very well to fill in Bare spots. Today is the opening day of the | Autumn rose show, sponsored by the | Potomac Rose Society and to be held |in the new National Museum. The | | doors will be opened to the public | | at 2:30 pm. today and at 1 pm. on | Sunday. This is the best place pos- | | sible to study new varieties and to | ;’dzvelop a planting list for the home | garden. Most of the flowers will come | from local home gardens and will, | therefore, be representative of what any one may do with roses. | Black spot has stripped the leaves | from the bush roses in some gardens OLD GEORGETOWN 3340 RESERVOIR RD. + OPEN DAILY New homes expressing in architectural detail the loveliness of the old George- town and Alexandria houses . . « + . 5 BEDROOMS . . 3 BATHS . . TAP ROOM & BAR . BRICK GARAGE. GARDEN . . SIX 1417 K Located opp . CHARMING SOLD BOSS & PHELPS st. Realtors. Natl. 8300 site the Kirke estote between Wisconsin Ave. and 34th St. 5406 Worthington Drive WESTGATE A Restricted Subdivision of Modern Detached Homes A lovely new Dutch Colonial of 7 rooms and 2 baths, breakfast nook, attic, gas heat, rock-wool insulation, garage, large lot, 55x137. Price, $9,850 Open Doily and Sundoy A Surprise Awgits You and, although this defoliation may not injure the plants permanently, it does weaken them and make them susceptible to Winter ravages. Ap- parently dusting sulphur has been effective in checking black spot be- cause the trouble is much less in those gardens where this protection was provided early and frequently. ‘With a dust gun, it is possible to cover the rose plantings of the ordi- nary home in a few minutes. The cutting back of rose bushes should be deferred until late in No- vember after the first freeze, because the rose foliage is fairly resistant to frost. As long as the leaves are green, they are bullding food re- serves for the plant. Reserves mean additional strength with which to meel the Winter. At the most the plants should not be cut back to less than 2 feet in height, reserving the final cutting until next March. Bone meal is & good fertilizer for Toses at this season, because it is not highly stimulating and some of it will be available early next Spring. Nitrate of soda and sulphate of am- monia should be withheld until Spring, because they will encourage soft, suc- culent growth. One of the interesting exhibits the Woodridge dahlia show was & vase of a light blue perennial aster, which kept its flowers open at night, when most of the asters had closed their petals. The hardy asters are valuable for the late Autumn garden and a small collection, including the pink and the blue shades would be attractive anywhere. Clematis jackmani, with its large blue flowers, is still in bloom in some gardens. This vine is very much worthwhile for covering small arbors or fences. There are many different varieties of clematis and the group might well be more thoroughly ex- | plored by local gardens. One often sees the partridge berry, mitchella repens, in indoor glass bowl gardens, but not often in out- door plantings. One gardener in American University Park has used this tiny trailing vine to great ad- vantage as a carpet about his bird | bath. Its dainty foliage and berries fit very nicely into the ture, pic- | Industrial machinery imports into | the Philippines have notably ine|| creased during the current year. Our Newest Offering In Chevy Chase, D. C. jern elec| tely equipped . . . d " large living $11,500 Open 9 AM. to 9 P.M. Daily and Sunday Out Conn. Ave. to Chevy Chase Circle. turn rioht on Western Ate. fo Upland Terrace and right to homes. JACOBSON BROS. Builder and Owner 1616 K St. N.W. Dlstrict 2126 4 BUILT red | TERMS REAL ESTATE. EXPERIMENTS MADE Builders Using Cork, Steel, Wood and Even Glass. Cork, steel, wood products, and even glass are but a few of the new ma- terials with which the country is ex- perimenting in the construction of new homes. Scientists at Iowa State Coll at Ames have long had the old-fash« ioned corn cob under the microscope and have developed a building mate- rial known as “cobcrete.” Tests made by Prof. M. A. Sharp at tie college laboratory show blocks of cobcrete to be twice as strong per square inch as the United States Bureau of Standards requires certain other materials to be. e $10,450 For you who have always wanted to live in the country, but with city conve: , your problem is solved at last in THE MODEL FARMETTES One Mile East of Ashton. Md., on the Ellicott City-Baltimore Pike. N 13 Miles From D. C. Line Turn right at Olney to Ashton or go via Colesville to Ashtom. COMPLETE WITH THREE BEDROOMS, TWO s.un.fi OPEN FIREPLACES, SCREENED PORCH, SUN DECK, BARN AN "ORCHARDETTE" CHAS. E. CONNER, Owner-Builder, Ashton, Md. 8 Rooms This large house, BEAUTIFUL CORNER HOME At a Surprisingly Low Price 4 Bedrooms 24 feet in width, has been reconditioned throughout with air-conditioning. Awnings, Frig- idaire, maid’s room, built-in garage and beautiful shrub- bery. better value for We know of no 58,950 6300 38th St. N.W. | Open Daily, 10 to 9 HARRY WARDMAN, 1512 K INC. Dist. 3830 COMPLETELY AIR-CONDITIONED HOMES $8,950 TErms 2 SOLD Exhibit Home — 4529 Middleton Lane, Bethesda, Md. Four new homes on a quiet street, 3 minutes’ walk from stores, schools, theater, and bgs, newly paved, with all assessments already paid. The exhibit home, a masterpiece of brick, con- tains six large rooms, tiled bath, a floored attic, TO REACH: Drive straight out Wisconsin ‘Avenue to Bethesda, continue straight ahead on Wisconsin Avenue, one block past Bank to Middleton Lane on right. Turn right to homes. OPEN DAILY AND SUNDAY full basement and a built-in garage. You will be particularly pleased with the floor arrange- ment. The living room is unusually large and has a wood-burning fireplace. Directly adjoin- ing is a spacious porch. The dining room is bright and cheerful and the kitchen is the last word in modern equipment. You will notice that every inch of floor space is usable, as the air-conditioning ducts of the BRYANT furnace are set in the walls. No lost radiator space. CONSTRUCTION. All masonry walls are water- proofed then furred. Insulated with Rock Wool; Rock Lath Plaster throughout; White pine trim. and 2 baths, first-floor den and first-floor lavatory, attic, gas heat and brick garage. No. ONE Oak floors laid on subfloor. § Drive out Massachusetts Avenue N.W. three-tenths of a mile beyond the District Line. Look for our sign on the right side of the Avenue. WILUAH BOSWELL, Agent 927 15th St. N.W. MEtro. 3033 Builders—THE SIMPSON PEAK CO.—Developers Built by H. E. Davis T h. Drive out (ass“Ave. 1o 46t St. See Your Plumber or the 46th_St."to WILL CONSIDER TRADE GAS CO Wi re ; turn rioht to ILLI Ps B Monel Metal Store ||/ .,...I:,l_‘ .,A\C' KS.™h Rd Cor. 11th and Eye Sts. N.W. Built by Stone Construction Co. and Ambrose F. Higdon + BRASURE CO. * 923 15th St. N.W. Phone District 6410