Evening Star Newspaper, August 7, 1937, Page 25

REAL ESTATE. ASSICATIONS PAY IS 847700 Dividends on Investments by Government Disclosed by Bank Board. The United States Government has been paid a cumulative total of more than $8,827.000 in dividends on its {nvestments in savings, building and loan associations, the Federal Home Loan Bank Board announced today after receipt of a preliminary report of dividends from these associations for the first half of 1937 This sum includes $4,995.472 re- eeived by the Home Owners’ Loan Corp. from investments in Federal savings and loan associations and other qualified thrift institutions that | are members of the Federal Home | Loan Bank system, as authorized by Congress in 1935, and $3.876.262 re- eeived by the United States Treasury from investments in Federal savings and loan associations, authorized in | 1933 Additional dividends from associa- tions that have not yet reported for the first six months of this year will increase these totals, it was stated. 3.7 Per Cent Dividend Rate. Federal savings and loan associa- tions have paid the Government a cumulative total of $8,092808 in divi- dends. For the 1937 January to June period Federal associations alone have forwarded $3.102.377 to the H. O. L. C and the Treasury. Their current dividend rate is approximately 3.7 per cent. State-chartered associations, in which lesser sums were invested, paid | H. O. L. C. an aggregate of more than $423.842 for the half year, at an earn- ing rate in excess of 3.6 per cent. The investments were made to en- | sble State-chartered and Federal | savings and loan associations more quickly to meet their local demands | for long-term loans for the purchase construction, repair and refinancing of homes, largely before the present tide | of recovery had set in. The recent re- | vival of home building in many parts of the country has coincided with the expanded activity of these associa- tions Rival Investors Interested. At the same time, more ample funds | are being received from private in- vestors, making further investment by the Government unnecessary, From 1933 to 1935 the Treasury in- vested $49,300.000 in shares in some 650 Federal associations, $1,116,300 of which has since been retired. From September, 1935, to June 30 of this year H. O. L. C. invested $150,368.400 in 940 Federal associations, some of | which had previously oblained Treas- | ury capital, and $32.664.600 in 203 State-chartered thrift associations. The aggregate of Treasury and H. O. | L. C. funds invested in savings, build- | tng and loan associations was $231,- | 216,700 on June 30 The law provides for the gradual | retirement of these Government in- | vestments through repurchase by the associations, beginning within five | years from the dates on which the | subkeriptions were made. | | tree New Shepherd Park Dwelling Purchased This new home at 1309 Locust road, Shepherd Park, has been sold by L. E. Breuninger & Sons. owners and builders, to an NEW BLACK CERAMIC HAS MULTIPLE USES| Especial Advantages in Ornamen- tal Forms of Building Indus- try Are Cited. Development of & mew black cer- amic, which will be especially useful in ornamental forms in building con- | struction, is reported in Industrial and Engineering Chemistry, publica- | tion of the American Chemical So- clety. “The ceramic can be employed in | many ways, such as flooring, roofing, | walnscoling, partitions, stair treads, window sills and sanitary ware” it| is stated. "It should be applicable | in external construction such as base courses and for other purposes where | the color would be suitable. It can be used in applications of this kind | which require higher resistance to | thermal changes, such as fireplace construction | “The ceramic is hard, dense and | virtually non-absorbent: internally | from lines of weakness and | light in weight. It can be polished and is easy to keep clean. It will not crack or break when objects of or- | dinary weight are dropped upon it It 15 resistant to abrasion and does | not chip easily. Because of low ex- | Star Home 4 (Continued From First Page.) strect to Piney Branch road F‘ollnw! Piney Branch road to Cedar street, | Takoma, and turn left on Cedar to | Carroll avenue. Then follow Carroll | svenue three blocks past Washington | Sanitarium to Anne street Signs | have been posted to guide visitors Before its approval for the Silver | [Btar award, the Kilmarock home was thoroughly inspected by members of | the Silver Star Homes Committee, & | group of experts in the various phases | of home building. Members of the | committee which examined the home are as follows: Edwin H. Rosengar- ten. builder, member of the firm of | [Davis, Wick & Rosengarten; Irwin 8. | [Porter, prominent architect: John Nolen, jr., director of planning of the National Capital Park and Planning Commission; Thomas Sandoz, real es- | tate broker, serving for his father, | Comdr. F. L. Sandoz, president of the | Washington Real Estate Board, & Guy C. Faurote of the Federal Hous- | ing Administration, who substituted | in examination of this home for James | 8. Taylor, also of F. H. A, the com- mittee chairman The house has been completely fur- nished by Hutchison's, Inc. In the | living room is an authentic reproduc- | tion of & Duncan Phyfe sofa, finished | tn green damask, with attractive end tables and matching lamps at either side. A coffee table completes this group. Nearby is a comfortable wing chair in old gold damask. Another | principal piece in the room is a desk | with large book and curio compart- | ment and roomy storage drawers. Other pieces used in furnishing the room include several occasional chairs, | desk chair, indirect lamps, mirror and eonsole table. An American Oriental rug graces the floor. | The dining room is as attractive as’| the living room with an ensemble of | hand-pegged maple pieces. The table | Air-Conditioned Corner Brick in that delighiful community of new detached homes adjoining Kenwood in Bradley Hills, Md. 6705 Glenbrook Rd. Eight Rooms—2 Baths 2-Cor Built-in Garage Imposing corner commanding a de- lightful outlook center entrance planned. having commodious living room, dining room, sun room, lava- tory and Kkitchen on 1st floor: 4 bedrooms. 2 baths, covered gallery veranda on second floor. overlook- Ing the beautiful lawns; large rec- reation room (marine decorations), open fireplace: oil burning air-con- ditioned heating and cooling s¥s- tem furred. insulated screened. weatherstripped: copper piping, gutters and downsfoulx Price $16,500 Open Daily and Sunday to 9 P.M. Brightwood Semi-Detached Brick. 827 Quackenbos N.W. Convenient to Whittier Elementary School. Paul Junior High and Church of Nativity and Sheridan Theater. 8 large rooms. bath. furnace, G. E. Refrigerator; built-in ™ price $7,850 Open Sunday 2 to 7 —e Chevy Chase, D. C. New Detached Brick. 3621 Imgomar Pl Artistically and conveniently de- algned. Five large rooms (2 full sized bedrooms). bath. gas furmace, furred insulated. _screened ~and Weatherstripped. Price only $8.950. Open Daily and Sunday L. T. Gravatte Realtor NA. 0753 this room | | in gay S is large enough to seat eight persons. | A hooked rug adds to the eharm of | | Maximum comfort, utility and grace | are combined in the furnishing of the | guest bed room. This room is slightly | | modern in spirit. The bed is of early | American design. Attractive dresser | and chest add to the appearance of this portion of the home. A boudoir ehair | chintz harmonizes with the wall paper and draperies | The master bed room is furnished | with & typical early American ensem- | ble in solid mahogany. The dresser | and highboy are authentic reproduc- | tions of the Colonial period, and other | pieces are in harmony. There are poster beds with hand-carved acorn; motifs and a rocking chair character- | istic of the early period. In addition | there is a straight Colonial chair and ! a two-drawer sewing cabinet | Many of the structural features and appointments of the home are of qual- | ity usually found only in the most ex- pensive houses. Wakefield 3736 and 3742 Cumberland Street N.W. Situated two blocks west of Connecticut Avenue, just north of Albemarle Street ® Air Conditioned heart of the city. few moments’ walk. 738 15th St. N.W. Thomas HE EVENING undisclosed purchaser. pansion and inherent heat conduc- tivity, it will not crack when heated to redness and cooled rapidly. It does not deteriorate by the action of moisture and changes in temper- ature.” Construction of public building in Panama is breaking records STAR, WASHINGTON, D. C., SATURDA Men Prefer Cool Colors. According to statisticians, surveys show that men have a preference for cool colors over warm ones. Blue is first choice in about 45 per cent of all instances, with red and purple about equal in preference, and green, yellow and orange following. AUGUST 17, 1937, Bath Room in Shades of Green. A modern bath room combines jade green walls with lighter green eeiling and a border trim in black. The floor is green tile. A floor mat is of pale yellow and eoral. The shower curtain is also pale yellow. I 4419 19th St. Just Completed In Nearby Virginia —-Star Staff Photo. heating unit ‘\ Unusable Attic Space. | Much attic space is unusuable for | lack of a floor. Storage of trunks, | turniture and other heavy oojects on | the ceiling joists in the attic is dan- | | zerous to the ceiling below. Rough | | flooring over at least & portion of the = — attic will give considerable storage space that can be used safely TO REACH: Highway to Glebe Road 19th Street, Go out Lee trafic lght at turn left to North left to homes. You'll get a real thrill When you walk into this new English Normandy Home. 340 Radnor Road—Branwill Park One of the most picturesque communitic you'll appreciate—with 6 splendid equipment of carefree comtort with modern room finish is natural knotty pine—also @ la Norman. And the Price You ean errange your own terms. Best bus service direct to town. Directions — Prom Silver Spring drive out Colesvilie Road %0 Frank- lin Ave. turning right inte Branwii Park. Or motor on Coleaville Road 10 our perfectly pianned eommunity AT Woodmoor and one af eur repre- sentarives will g0 with you te in- spect thix home. Evenings or Sunday, A New Connecticut Ave. Development $16,850 ® 4 Bedrooms PREVIEW showing of two detached, Colonial brick homes, situated at one of the highest points in the District of Columbia, only 4 miles from the Transportation, stores, churches, three schools, Ben Murch Elementary, Alice Deal Junior and Woodrow Wilson Senior High, all within a Two Parochial schools in close proximity. first of a group of new homes offered for sale in this delightful, restricted area where wide lawns and attractive Colonial and Early American designs prevail. An environment frequently sought but seldom found. Three other new homes to choose from—two priced as low as $12,950. Open Saturday and Sunday Until Dark. J.FISHER & (OMPANY INCORPORATED Its setting is on a spacious lot. There are many speciol features that @ 2 Baths in the Sligo Park Section. rooms, perfectly equipped both end opplionces. The living ! Only 38,750 ped throughout. Open Daily REALTY COMPANY MOS Realtor 316 Tewer Bidg. bincks so 45tk St MEt. North, Waverly Hills Two master bed rooms, bath and shower on second floor. floor contains large living room, dining room, nook, bed room, bath and shower garage, recreation room, eommode, lavatory and shower | lated with rock wool and equipped with Chrysler air-conditioning and Located in a real neighborhood on a lot with 75 feet of frontage and plenty of shade, the house is near school and bus fiéil;;ming d Engis ype Stone and Brick Home a5 $11,500 First kitchen, breakfast In the basement are built-in It is insu- Featuring DICK BASSETT Walnut 8627 4437 Windom Place N.W. *10.250 «v» Unusual. in architectural design and floor plan—3 and 4 bed rooms, 1 and 2 baths. Beautifully finished and completely equip- and Sunday DIRECTIONS Owut Wisconsin Ane. to Yuma St twrn left (weet) & then left 1 block to homes. BUILT BY MONROE WARRE Phone SHepherd 4517 Chevy Chase, D. C. 9fi2:CariGarage These ure the DIst. 6830 FARLE M. DAWSON—SALES EMERSON 3744 REAL ESTATE. NEW ROOF \d (/ny REMODELING new s A JOB Q[Il{fi/q (L?x’ldfl?ed o o M : INSULATION v o WN PAYMENTS Modernized KITCHEN v I E?. wre not pecquived 1o meke 8 Aoww Payment of a certain percentage of the 0wt of the job in evder 1o obtwin the leas.. EASY MONTHLY TERMS Monthly inetaliments srranged to st your income. Losms may res for as loug 2a vhres yoars. FREE ESTIMATES W'l be glad te moke an eatimete of your poquirements and show you how you san. for the improvements witheut mise- the money wader the Weperhaousee Eisinger MILL AND LUMBER CO., INC. “ (KUMfiV;‘ Betheeda, Md. %y ppr WISC. 2400-1 _l_r_sf_l)_(ly‘e TIME! Those repairs that pile wp from year to year . i . fix them this year with concrete and they’ll stay fixed! NEW OAK FLOORING ADD EXTRA ROOM R PANELING v o *3zp, v SMILLE EISINGER A concrete driveway will make your lawn look spack and span. It adds value and lasts and lasts. A conerete floor m vour ga is clean and dry and it lasts. It won't scak up oil and grease. Buckled srdewalks ave 2 monses and an eyesore. They ean be fized without ‘muss and ‘bother. The ocost s low. 1f vour porch floor is suffering from old age. concrete will make it yonng again, The booklet, "Conerete Improvements Around the Home " suggests many ways to beautify your home at thrifty prices. Use the eou- pon 1o get your free copy. PORTLAND CEMENT ASSOCIATION $37 NATIONAL PRISS BLDG. WASHINGTON, D. €. Gentlemen: Please seod me free oopy of your booklet "Concrete Improvements Around the Home.