Evening Star Newspaper, October 31, 1936, Page 28

C—4 = R EAL ESTATE. 3 THE MORTGAGES TOPIC OF CONVENTION Percentage Lease Another Leading Theme Slated for New Orleans. In view of rapidly changing condi- tions in real estate mortgage financ- ing, and the long term effect which developments of the coming few years may be expected to have, meetings of the National Mortgage Board of the National Association of Real Estate Boards, to be held in connection with the association’s annual convention In New Orleans, November 16-21, he- come of very general interest and im- portance. Hugo Porth, Milwaukee, president of the mortgage board, will preside. Speakers and their subjects as so far selected are as follows: David B. Simpson, Portland, Oreg., to talk on administrative control of a mortgage business; John R.. Hoyt, New York, N. Y., will present the case for the short term real estate mort- gage loan; Robert F. Bingham, Cleve- land, Ohio, to discuss participation certificates in financing real estate; Clyde A. King, M. A. I, Tulsa, Okla., to discuss the currently very important problem of appraising single family homes for loan purposes; Dolbert S. Wenzlick, St. Louis, will talk on the | cost of doing a mortgage business, | and C. Armel Nutter, Camden, N. J., | will talk on developing a mortgage business through building & clientele of individual investors. Leasing Major Question. ‘With retail business facing an ex- pected period of growing volume, and | B with lease agreements now being made rapidly absorbing best business space in downtown areas of our larger cities. the leasing of commercial property‘ today becomes one of the major ques- tions of American business. Discussion will be held at the con- vention of the National Associalion in New Orleans on when percentage leases should be used and when they should not be used in this transition period, and how they should be writ- ten to insure a continuing fair situ- ation between the business tenant and the building owner as sales vol- ume increases. Frank S. Slosson, Chicago, recog- nized throughout the country as an authority on percentage lease rates and methods, will address the asso- ciation's brokers’ division on “The Percentage Lease—Its Advantages and Disadvantages.” Discussion from the floor will follow. H. Clifiord Bangs to Speak. Mr. Slosson, former chairman of the Property Management Division of the association and immediate past president of the National Association of Building Owners and Managers, is of the firm of Hooker and Slosson, specializing in appraisal, manage- ment and commercial leasing, includ- ing chain store leasing over the coun- 3 | H. Clifford Bangs of Washington, | former chairman of the Brokers Di- vision and former president of tnel Washington Real Estate Board, will | talk on special services of a major | kind performed by real estate brokers for their clients. | Parker Webb, Boston, former chair- man of the division, will talk on to- | day's method of preparing a sales plan for a commercial property. LOW-RENT HOUSING DECLAR'ED FAILURE| New York Realty Head Demands | Minimum of Government “Interference.” J. Russell Thorne, president of the Real Association of the State of New | York, in a recent address described | the Federal Government's program in Jow-rent subsidizing housing and slum clearance as a “terrible mess’ and an | “inexcusable failure” and demanded *“Government interference and com- petition with private business should be kept at a minimum. “The most ingenious and promising | of all the financial devices advanced | by the Government is the Federal Housing Administration,” Thorne said, *whose permanent function is to| maintain a mutual mortgage insurance | fund with a backlog of Federal guaran- | tees. Its outstanding contribution has been the introduction of the long-| term amortized mortgage in place of the traditional and expensive short- term first and second mortgages. Under the reassuring protection of the F. H. A. many timid lending institu- tions have been induced to release their newly liquidated assets for small home construction. EVENING STAR, WASHINGT Apartments Erected on Tliird Street Two new apartments at 5204-5208 Third street, recently completed. L. E. Breuninger & Sons have taken over management of the buildings, which contain 12 units each.—Star Staff Photo. DOROTHY DUCAS AND ELIZ- | of that old reliable, aluminum. There ABETH GORDON. is a saucepan with a hard rubber O YOUR lamps flicker when | handle, complete with cover and you walk by the tables on | wooden tray for $5.50—$4 without the D which they stand? If they | tray. Its round shape, extending to do, for 10 cents you can cure | the cover, makes you fail to recog- them of their nervousness. That is|nize it at first as the homely little the price of a spring action plug we pot in which you boil peas or po- have found. It fits so tightly in the tatoes, 2 socket that nothing can make it| Then there is a casserole of alumi- tremble. | num with an inner earthenware dish. The wavering of a light usually is | This dish costs $5.50. You cook your Ieau.sed by a loose connection in lhe:smw or bake your beans in this, and | convenience outlet. Plugs come in|glip it into its aluminum shell for | standard sizes, as do sockets. Still, | service. A thermo-dish, with glass { when you put the two together they | inner lining, will hold a frozen pud- do not always fit down to a minu‘e | ding or iced fruits for two hours with- | fraction of an inch. The plug can/ oyt letting them get warm. It's only | wobble when its cord is hit or the wall | §3.70, vibrates. Next time you have guests whose | The spring action plug has prongs 2 | of double-back metal which cre“u,convemnon e Speaciousivo il 5 2 | into by jumping up to serve the meals, ::: gl':gm;: i‘i)zr::i‘y 'f;“;’l'.:em‘:h h°]"" think of this cook-and-serve idea, and | investigate these aluminum conven- You can buy three-way plugs ior | jences. multiple purposes with this same | spring attachment in the prongs to T THE battle between heating by air make them stick. The plugs cost 15 or heating by radiation may be | cents a piece. = I asia | Both plugs and taps come in regular | :’;h::dub‘{,_‘:;ugxfm?on::l"_t e | black or brown and in pastel colors.| mpat {5 a combination of air-con- k!t is considered smart nowadays m‘dmonmx. or heating by means of | match your electric attachments to heated, circulated air, and boiler- | your baseboard or wall. You can even | rpgiator heat, which requires the in- | buy pastel cord to run from the piug | giayation of radiators in strategic to your lamp or radio, so that it is| spots throughout your house. The most inconspicuous. | advantage of each thus become avail- When it is 5o inexpensive to be lux- | able in the places where each reigns urious, there's no reason why any of | supreme. us would tolerate nervous lamps and | For instance, in your living room, radios or unsightly plugs and cords.| where guests gather, you may want | complete changes of air every few COOKPOTS that come to the table | minutes, Presumably, your living I are the latest boon for the woman | room is the center of your house, who does her own cooking—or for | easily fed by ducts of an air-condi- maid's day out. You can get all kinds | tioning system. Very well, have ft. now, from vegetable saucepans to|But what about the sun porch, off refrigerator dessert trays which do | at one end of the living room, without double duty for the preparation of |a cellar beneath it, and no second food and its service. floor above it? It will be & lot harder, We have just seen & new line by & | if not impossible, to keep the sun famous industrial designer, beautiful | porch, with its walls of windows, as enough to grace any table yet made warm as the living room, merely by AN INTELLIGENT AND _ PROFITABLE SOLUTION To Your New-Home Problems Will Be Found in the SHANNON AND LUCHS ROLLINGWOOD THE NEW ROCK CREEK PARK SECTION OF CHEVY CHASE | since 1931. heating the air. All right then—a radiator on the sun porch! ‘The split system allows for a com- bination of hot-air heating with radiator heating. The single unit has two separate and complete parts. There is no connection between the combustion chamber and the air- distributing ducts—no chance for coal gas to leak into the air ducts! In addition, the split system for heating water in your house all year round without any storage tank to the external water-heating equipment usually required by hot-air furnaces. This three-in-one service permits the use of oil burner, gas burner or coal stoker, whichever you already have or may want. This compination heating sysum' works particularly well in kitchens. There, of course, radiator heat is pro- vided. You don't want the air in your kitchen recirculated through the rest of the house, else you'd smell the caulifiower cooking while you were in the library, and you sometimes don’t need any heat at all—if your range is working overtime. So the radiator, easily turned on and off, fills the bill and provides easily con- trolled comfort. 502 NEW FILM SHOWS A total of 502 motion picture the- | aters have been erected in the United | tates during 1936 at an aureg-v.e‘l cost of $26,120,200, according to Box- | office, film trade journal. Covering | the first nine months of the year, the survey indicated an addition of 286,- 716 seats to the Nation's 11,000,000 theater capacity. Results of the survey indicate that reports for the nine months of 1936 exceed the total of any entire year During 1931 theater con- struction totaled $45,000,000, a drop from $97,580,000 in 1930 and $163,- 559,000 in 1929, Don’t Delay—Only One Remains See These Air-Conditioned Homes on Middleton Lane EXHIBIT HOME, 4529 MIDDLETON LANE BETHESDA, MD. Five more under constructi been sold! Pictures and glans ceptance of these homes as been unprecedented! today ... open daily until 9 p.m. D. C., ‘SATURDAY, OCTOBER 31, 193¢ AUTO SHOW PUZZLE CONTEST ‘THIS 1S PUZZLE NO. 10, To !ut’m. To impeach. A catch. Covered with scales. Not pointed or acute. Add a letter to each word shown in the left-hand column and rearrange the letters to spell a word for which the definition is given. Insert the new word below the definition and place the added Jetter in the last column oppo- site the new word. If the puzzle is solved correctly, the added letters will spell the trade name of one of the twenty (20) automobiles shown in the list below, to be exhibited at the Seventeenth Annual Automobile Show of Wash- ington, D. C., from November 14 to November 21, 1936, inclusive, at the Calvert Exhibit Hall, 2701 Calvert street, northwest, under the auspices of the Wash- ington Automotive Trade Association, which, with the co-operation of The Star, is conducting this contest. BUICK DODGE CADILLAC FORD CHEVROLET HUDSON CHRYSLER LAFAYETTE PACKARD ‘TERRAPLANE DE 80TO LA SALLE PIERCE-ARROW ZEPHYR ‘The first puzzle appeared on October 22, 1936. A different one will appear each day until November 10, 1936. The puzzles that have appeared prior to this one may be studied from the flles in the business office of The Star. Solve each puzzle, and not earlier than November 10, but not later than midnight, November 11, send all of the solutions with a reason of not more than twenty (20) words “As to Why an Automobile Show Should Be Held in Washington, D. C.,” to the Washington Automotive Trade Association, 1427 1 street northwest, Washington, D. C. It is not necessary to send in the actual puzzles, but it is compulsory that the entries show the new words. The new words will not be given out or published, and no entries will be returned. Officials of the Washington Automotive Trade Association, whose decisions will be final, will act as judges, and, based on correctness, neatness and manner in which the solutions are submitted, as well as the reason for holding an Annual Automobile Show, will be awarded prizes totaling $100 and 100 tickets to the Automobile Show, as follows: First prize, $50 and 12 tickets; second prize, $25 and 8 tickets; third prize, $10 and 6 tickets; fourth prize, $5 and 4 tickets; 10 prizes of $1 each and 2 tickets and 25 prizes of 2 tickets each. In case of ties duplicate prizes will be awarded. ‘Winners will be announced in the Automobile Show Section of the Sunday LINCOLN NASH OLDSMOBILE PLYMOUTH PONTIAC STUDEBAKER Star on November 15 1936. Questions should be addressed to ‘Washington | C. g Automotive Trade Association, 1427 I street northwest, Washington, D. Attractive Kitchen Scheme. PAINT SALES MOUNT An attractive scheme of decoration United States factory sales of | :enhx: a k%hen of a new home in | Northern ginia has semi-gloss paints, varnishes, lacquers and flllers, white ceiling and walls, woodwork as reported to the Bureau of the | medium gray, trimmed with vermilion, Census of the United States Depart- | The floor is coated with deep gray, ment of Commerce, amounted in 1933 | 8nd the curtains at the windows com- g . { bine the veremilion with white in a to $222,761,000; in 1934 to $276,206,000; | checked fabri in 1935 to $334,278,000; and through |= July, 1936, to $223,710,582. | Paint industry statistics offer the A close-in restricted subdivision of fine houses in a_beautiful wooded section following interesting facts: It is esti- | mated that sales of finished paint products through retail outlets are made on the basis of 50 per cent to | professional painters and 50 per cent || of Takoma Park. Md. 102 Anne St. Open Daily Completely Furnished by Hutchison, Inc. to persons who apply the paint them- 6 Rooms—2 Baths selves; that 80 per cent of all paint products sold over the retail counter Very Moderately Priced Coffey and Mason are for inside use; that the general | consensus of opinion of authorities fu the paint- industry is that nbout‘ 15 cents of every paint dollar goes for | labor and 25 cents for materials. Owners aond Builders TO REACH Out 13th St and continue on Piney Branch Road to Cedar St.. right on Cedar to Car- roll Ave. con- tinue on Carroll to Kilma- signs on left. two blacks from sanitari- um, OPEN DAILY AND SUNDAY Presented by on, two of which have already on exhibition. The public ac- Drive out REAL ESTATE. NINE BUSINESS PROPERTIES LEASED Boss & Phelps Announce Trans- actions Involving Promi- nent Sites. Recent leasing of nine prominent business properties was announced today by the firm of Boss & Phelps, realtors. The leases are as follows: Meyer Mazor, a Baltimore mer- chant, has leased 911 Seventh street and after extensive alterations the store will be used for a full line of household furniture; a store at 3416 Fourteenth street was leased to Ed- ward Heyman, & New York merchant, who will use the property for the sale | of ladies’ shoes; Lincoln Sales, Inc., | has tgken 1314 Fourteenth street for the sale of radios and household elec- | trical refrigerators, ‘The property at 2047 L street was | rented to the Reliable Auto Service, Inc. This company specializes in | the repair of all types of expensive automobiles; the building at 1414 | Fourteenth street was leased to Mc- Cray Refrigerator Distributors, who have specialized in the sale of com- mercial refrigerators for several years; Regal Neon Signs, Inc., have leased the property at 921 Florida avenue. The lessee is a designer and manufac- | turer of neon signs. A store In a newly remodeled build- ing at 2643 Connecticut avenue was secured for a term of years by Joy Hoffpauir, who will use it for the | sale of ladies’ dresses and hats; an- other store in this same building at 2645 Connecticut avenue was also The Matchless Community taken for a period of years to be used for & beauty parlor by Ruth Daniele; a corner building at 5600 Connecticut avenue has been leased to Alley Saley. After extensive al- terations and repairs, Mr. Saley will open a delicatessen and lunch. This is one of the most prominent corner properties in the Chevy Chase come mercial center, < White Paint Attractive, ' A novel and very attractive living Toom seen in a recently constructed home in Southern California has walls paneled in knotty pine, with a thin roat of white paint. The fireplace is of red brick in herringbone place« m;{x'; with a wood mantel painted white, 4615 Maple Ave. Bethesda, Md. $1,950 ::mel;:{rzrdbn:.m!c' ‘d’:‘lthtd &8 (Out Wis. Ave. to Bank of Bethesda on Rockville Pike about 6 blocks, right on Maple Ave, to prop- erty.) OPEN TODAY AND SUNDAY Week Days by Appointment Realty Associates, Inc. 1506 K St. NA. 1439 9 , As picturesque as the beautiful Skyland Drive country—right within 20 minutes of the White House. Trees by the thousand— and every home a charming design in a perfect setting. The illustration is of 7123 Overhill Road, showing one of the ¢i-crsified designs in Greenwich Forest. And go through the Exhibit Home—Furnished by Hilda Miller 5705 Midwood Road Four master bed rooms and 3 baths—bed room and bath on first floor, maid’s yoom in basement, 2-car garage. Complete oll burner unit; electric health kitchen; scientifically insulated walls; tasteful decorations. Located on a big lot 87x125 feet, covered with trees. Priced to Sell Quickly Stores, schools, churches, etc., are convenient but not annoyingly near. Directions: Building to Order Ask our representative to show you available sites in Greenwich Forest upon which we will build end finance such a home as you may desire. Drive out Wisconsin or Con- necticut Avenues to Bethesda; at the Bethesda Bank turn into Old Georgetown Road end ot Wilson Lane turn left to Green- wich Forest. HEALTH HOME Cafritz Construction Co. Phone Wls. 5204 Developers—Architects—Builders Here the new homes finished and under construction combine the newest ideas in planning and equipment and a very high degree of “The Home Owners' Loan Corp., one of the first agencies set up, must so far be considered as a successful ex- TO REACH: Drive out Wisconsin Avenue to Bethesda, continue straight ahead on Wis- consin Avenue, one dlock past Bank to Mid- periment in an emergency situation. Eevernl hundred thousand families ave that agency to thank for the fact that they still live in the homes they bought or built with hard-earned | savings.” _— CARPETS TO BE SHOWN Holiday Selling Ideas Will Be Offered at Chicago Mart. Holiday selling ideas for home fur- nishings, with emphasis on carpets and rugs, will be presented to dealers attending the Fall market November 9 to 14 at the American Furniture Mart in the ensemble style exhibit sponsored by the Institute of Carpet | Manufacturers of America and to be held in Chicago. i Festive with holiday decoration, en- semble displays arranged by the Style ‘Trend Advisory Council of the insti- tute, under the direction of Rose Mary Fisk, will attempt to demonstrate how home furnishings, carpets and rugs can be sold as Christmas gifts if prop- erly merchandised and displayed. Open $25,000 Headquarters. The Boys' Brigade of Belfast, North- ern Ireland, has opened s $25,000 headquarters. = 6523 SUMMIT AVE. CHEVY CHASE, MARYLAND $11,950. brick’ oRPTIOVES: wosded” oti "8 rooms. 2 with a_bed_roo: SLERARE e oil burner, cedar storage closet. Will finance to suit you or will rent to responsible tenant, Agent on premises Saturday and Dundlc(. Drive out Conn. Ave. past Circle to rnsople. Turn right on Thornai to Summit. DIXIE REALTY CO. 1417 L St CL. 9100, ~ DISTINCTIVENESS Three-bedroom homes—four-bedroom homes—homes with extra combination bedroom or library on the first floor, and a new white and colored stone STUDIO HOME that is @ MASTER among our best. A list of the INFORMED persons who have already bought our homes in ROLLINGWOOD is ample guarantee that the best values are right here in WASHINGTON'S MOST BEAUTIFUL RESTRICTED HOME SECTION Don’t hesitate to see these new homes because you now own an old house—about one-third of our buyers owned old houses which we sold for them at accept- able prices. HOMES FROM $13,950 UP DON'T REGRET INVESTIGATE TO INSPECT There are three ways to come to Rollingwood: Drive straight out Connecticut Ave. to the Chevy Chase Circle, right into Western Ave., one-half square to Brookville Road, across from Catholic Church, left straight to Leland St. Or, straight out Connecticut Ave. past Chevy Chase Clud to Woodbine St. (our sign), right two squares to Brookville Road, follow signs. Or, drive through Beach Drive in Rock Creek Park to Leland St., up the hill two squares to another sample home. ELECTRIC KITCHENS ARE STANDARD EQUIPMENT WITH US Phone WI. 5252 dleton 927 15th Bt. N.W. Stone-Built Homes OPEN DAILY AND SUNDAY 927 15th Se. FRANK S. Stone Construction, Inc. 4209 46th St. N.W.—$10,950 An out-of-the-ordinary low-priced home; 3 bed rooms, 2 baths, large living room with bay window and fireplace. Gas heat, insu- lated; detached garage; wooded lot; located in a fast-developing community just off Massachusetts ave, Lane on right. Turn right to homes. NAtL. 0856 Are Better Built symbolizes, Built by H, E. DAVIS, To Reach: Out Mass. Ave. to 46th St., right on 46th W. PHILLIPS District 1411 4 —the house Washingtonians voted for us to build on this beautiful corner in— WESTERLEIGH Designed by Wm. Tapp. Developed by Leon Chatelain, Jr. More than 3,000 people visited “My Home” last Sunday Into the construction has been put the material, equip- ment and craftsmanship which every Miller-Built home Furnished by Woodward & Lothrop Open for Inspection Every Day and Evewing, Including Sunday. (F—) 1119 17th S 4848 Upton Street Motor out Massachusetts Avenue just past the Americon University Grounds, turning left ot Fordham Road and_following the exhibit home signs to “My Home ’ C. & A. N. Miller Owners and Developers' .