Evening Star Newspaper, October 16, 1937, Page 30

REA HOME LOAN BANK SHOWS QUICK GAIN Fifth Anniversary Discloses Assets of $398,409,000 In Winston-Salem Units. Srecial Dispetch to The Star. ‘WINSTON-SALEM, N. C,, October 16.—At the height of its greatest activ- ity, the Federal Home Loan Bank of Winston-Salem yesterday will ob- serve the fifth anniversary of its crea- itlon to serve thrift and home-finance Anstitutions in Alabama, Florida, Geor- gia, Maryland, North Carolina, South Carolina, Virginia and the District of Columbia. The rapid growth of this unit of a national home credit reserve system is revealed in figures announced by O. K. La Roque, its president. Al- though it opened offices on October 15, 1932, by the end of that year only 11 institutions in the district had joined the bank system. During 1933, 219 institutions enrolled as members and subscribed to the capital stock of the bank. On September 30 membership num- bered 441, including 237 State-char- tered savings, building and loan asso- ciations, 196 Federal savings and loan associations and 8 life insurance com- panies. Located in 245 cities, their combined assets are estimated at $398,- 409,000, an increase of $174,000,000 in the past three years. Dividends of $540,509. ‘To the end of 1936 the Winston- Balem bank had paid dividends of $540,509 to the United States Treasury and to member institutions in the proportion of their investiment in its capital. Gross income up to Septem- -ber 30 amounted to $1495095. The total income of $348,190 for the first nine months of 1937 compares with $244,086 and $186,957 for the corre- sponding periods of 1936 and 1935. The best index of the bank’s prog- -pess is seen in the growth of its out- -gtanding advances, which enable mem- ber institutions to remain liquid and -at the same time to meet the demands for long-term loans for the construc- tion, purchase, improvement and re- financing of homes in their communi- ties. Up to September 30 the bank had advanced $44,659,659 to members end received $27,710,575 in repay- ments. The outstanding balance of $16,949,083 is the highest in the his- tory of the bank, being an increase of $10,031,272 over the amount in use at the beginning of 1934. Of the proceeds of debenture issues marketed recently by the bank sys- tem, $5041,000 has been allocated to the Winston-Salem bank. Asset Strength Shown. About one-half of all active insti- tutions of the savings, building and Joan type in the district are included In the bank’s membership. Their strength is indicated by the fact that their combined assets, however, are almost three-fourths of the assets of all such institutions in the region. Of the estimated total of $59,977,000 of lending by all savings, building and loan associations in the Winston- Balem bank district during the first seven months of 1937, member insti- tutions loaned some $51,232,000, ac- cording to a report of the Federal Home Loan Bank Board at Washing- ton. This is a gain of 34 per cent over the same period in 1936. The Federal Home Loan Bank of Winston-Salem on September 30 had hssets of $18,441,250; cash, $710,297; Investments in securities of the United Btates and its agencies, $703,625; sur- plus and undivided profits, $469,600, und pald-in subscriptions to capital stock, by members, $3,229,600, and by the United States Government, $9,- 208,200, totaling $12,437,800. Net in- come for the first nine months of 1937 was $254,395. CHICAGOAN IS INDORSED FOR U. S. HOUSING POST Appointment of Arthur Bohnen Recommended to Roosevelt by Illinois Realty Men. The National Association of Real Estate Boards, the Chicago Real Estate Board and the Illinois Associa- tion of Real Estate Boards have tele- graphed President Roosevelt recom- mending to his consideration the ap- pointment of Arthur Bohnen of Chi- cago as administrator of the United Btates Housing Authority, set up under the new Wagner-Steagall housing act. The national association wire stated: “We commend to you for appoint- ment as administrator of the Federal Housing Authority Mr. Arthur Bohnen _of Chicago. His experience combines successful private activity in creating end managing housing with con- structive work in the public housing field. We believe him to be a man who can bring about fruitful co-operation between public and private agencies. 'The fact that Mr. Bohnen comes from the Middle West will be helpful to him dn working out a national program.” The telegram was signed by Her- bert U. Nelson, secretary, National As- soclation of Real Estate Boards. R War Delays Paint 0il. The Department of Commerce re- ports that the United States consump- tion of tung oil, which is widely used in the manufacture of paint materials, ‘was 119,000,000 pounds in 1936, cost- ing more than $20,000,000. Unsettled conditions in China have prevented shipment of the oil from Shanghai, the principal port of shipment, but & limited amount of oil is leaving China from Hankow by way of Hong Kong. Loans for Refinancing Also Construction Loans Long Term Monthly Payment Loans and Straight Three-Year Loans whieh can be converted into mflnth‘ll‘ payment loans at any time withot exoense. L ESTATE. THE EVENING STAR, WASHINGTON, New Dwelling in Country Club Hills Mr. and Waple & J MOST FIRES ORIGINATE IN BASEMENT OF HOMES Improper Use and Care of Flues and Litter Are Major Causes. Most fires in homes begin in the basement. This is not a matter of opinion but of statistics. The three major causes of basement fires are improper use of fuels, improper care of flues and ducts and improper care of the basement itself. First of all, the basement should never be a junk room. Even if you do not care to make it an extra liv- ing room, it should be kept ship-shape, clean and never used as a storage place for old magazines, newspapers and other combustible materials. When soft coals are used, constant attention should be given to the con- dition of flues, so that flue fires, due to excess soot, cannot occur. If oil is used, the home owner should insist upon a constant supervision service to eliminate the possibility of flare- backs, puff-backs and similar acci- dents, which have been known to blow open the furnace door and fill the home with noxious fumes. Immediate danger of fire can be removed by keeping all combustible material away from the furnace proper. ASSESSORS TO MEET Problems of Tax Commissioners to Be Taken Up. Expected to register 300 assessment officers and State tax commissioners from all parts of the country, the fourth annual Conference of the National Association of Assessing Offi- cers will open in New York City Wednesday, October 20, to continue sessions through Friday. Keynote of the conference will be sounded by John A. Zangerle, Cuya~- hoga County auditor, Cleveland, presi- dent of the association, whose speech title at the opening session will be “Real Estate Under Fire.” With the New York City Depart- ment of Taxes and Assessments as hosts, New York officials have an important part in the conference pro- gram. Mayor Fiorella La Guardia will welcome the delegates at a lunch- eon Wednesday noon, officially open- ing the conference. mes. —— Bright Doorway Attractive. A brightly painted doorway makes the entrance to a stained shingle home inviting and adds_g\ touch of beauty that is desirable to the complete color picture. Mrs. J. M. Cobb, jr., have purchased this dwelling at 771 Dale d Forest, Md., from Fulton R. Gruver. The sale was made through the Silver Spring office of This new home at 3239 North Albemarle street, Country Club Hills, Va., Ras been sold to Mr. and Mrs. E. C. Johnson by William H. Saunders C o., through the office of W. S. Hoy e, jr. —Star Staff Photo. Dwelling in Woodside Forest Purchased N ve, Woodsid tar Staff Phot 1427 Eye St. N.W. This atiractive home at 608 Rolling Rd. is one of hundreds of new Colonial type residences made more livable and attractive by Fenestra casements. Shannon & Luchs Co. is the builder. Write or phone for free booklet "Fenestra Steel Windows in Colonial Buildings. * Detroit Steel Products Company, 4th & Channing Sts., N. E, Washington, D. C., Decatur 5080. IF you wish to live in a most exclusive neighborhood, IF you appreciate an individual custom-built home, IF a beautiful living room, with Den and Lavatory will tempt you, IF huge bed rooms 21'x12’ will add to your comfort, IF a most unusual recreation basement with fireplace would charm you. IF you had considered paying $14,000 for & home, then by all means see 18 Wetherill Road in Ezclusive Westmoreland Hills A Splendid Buy at . $12,950 Out Mass. Ave. to Westmoreland Circle. Then left on Wetherill Road 2 blocks. OPEN SATURDAY, 2 TO 6; ALL DAY SUNDAY Washington Real Estate Co., — Real Opportunity OPPOSITE FORT BAYARD b 5 » 4606 FESSENDEN ST. N.W. THIS fine detached home is priced less than Only ordinary row houses. $9'950 exclusive neighborhood. TOOmMS 8 Dealitinul FYIEe o0m oeith frepreas, Soksened porch: TO REACH Out Wisconsin modern en, 3 rooms, bright basement, oll burner, big Iandscaped lot, detached sarage. Ave. to River Rd., on River Rd. 1515 Dist. | 4ve 3100 ?91 Feuenden 'St Enjoy the Convenience of INSIDE WINDOW WASHING in your Colonial EASY, SAFE WASHING (without sitting on the sill) is only cne of the many modern features that make Yenestra Steel Casement Win- dows s0 popular. The amount of extra light and added ventila- tion thess windows provide is amazing. And you'll be sur- prised to discover how a few turns of the ‘“Roto-Adjuster” opens or closes the swing leaves practically at a finger's touch— no warping, no sticking. BONDERIZED —RUST-RESISTING e/zeytra STEEL CASEMENT WINDOWS NA. 0218 - D. C, SATURDAY, OCTOBER 16, 1937. REALTY FIRM LISTS $315,000 IN SALES Shannon & Luchs Deals Include Apartments and Home Sites. Sales made during the last 45 ! y8 by the Shannon & Luchs Co. aggre- gate’ more than $315,000, including 25 properties, it was announced today. Several apartments were included, as well as new homes and building sites. The sales are as follows: One thousand eight Shepherd street northeast, sold to C. D. Langley; 1209 K street, sold for O. R. Scholz to a local investor; 917 New Jersey avenue, sold for E. M. and D. R. Barry to Kass Realty Co.; 2356 Fortieth strpet north- west, sold to F. Smith and B. 8. and A. 8. Callaway for H. A. Rosenfeld; rear 1115 Twenty-first street north- west, sold for H. K. Cornwell et al,, to W. 8. Sammons; 6210 Eighth street northwest, sold to H. E. Thomas and A. V. Osmond; 1429 Crittenden street northwest, sold for H. A. Rosenfeld; 608 Oak drive, Silver Spring, Md,, sold to E. L. and M. E. Dayhoff and R. 8. and G. V. Dayhoff for 8. M. Garvey; lot in Luxmanor, Md., sold to H. and J. M. Buckworth; 4317 River road northwest, sold to W. F. Hill; 626 New York avenue northwest, sold for M. A. Reidy; 1406 Harvard street northwest, sold to R. H. Bagdarian. One twenty-one West Woodbine street, Chevy Chase, Md,, sold to Mr. and Mrs. E. C. Reynolds; 1705 Penn- sylvania avenue northwest, sold for Estate of Caroline Williams; lot in Battery Park, Md,, sold to E. J. Taven- ner; seven lots on River road, Chevy Chase, Md., sold for D. F. Sullivan; 2300 Pennsylvania avenue southeast, sold to H. M. Rogers; five lots, Clar- endon, Va. sold for Dr. J. A. and Mrs. E. H. Boston; 2430 Thirty- ninth place northwest, sold to Mr. and Mrs. R. N. Caldwell; lot on Thirteenth street northeast, sold for C. C. Miller; lot on Colorado avenue northwest, sold for H. Shapero; 1337 Otis place north- west, sold to C. McCann; two-and-a- half lots on Chevy Chase boulevard, sold for F. E. Barton; 2030 Perry street flIlIIfllIIIIIlIIIIIIII!IIIIIIlIlIlIIIIlIIHIIIIIIIlIII(IIIlIIflllmllllllllllmlIIIlIIlIIlllIllIIIIIIlllllllml!fllIIllH"IIlIIIlIIIIllII(l BARBER & ROSS 5th & V Sts. N.E.—DEc: 0501 Millwork, Lumber, Structural Steel, Hardware IR Long famous for the quality of its product and the efficiency of its service, Barber & Ross Structural Steel is given preference in major and minor construction locally and from far-away distances. REE R R Right to V St. Handy to reach from everywhere—out R. I. Ave. to 5th St. N.E. Plenty of parking space whenever you come. " Highwood Mrs. George V. Knox recent 3314 Stephenson place, Highwoo owners and builders. northesst, sold to E. R. and A. R.| Colored Doors and Hospitality. Dixon, and 3604 Morrison street north- west, sold to C. E. B. Peeke, Modern Classic Room. A dining room decorated in modern classic style has walls finished in dubonnet with a border of white. The ceiling is white. Draperies and cornice are of white satin decorated with dubonnet rope. White venetian blinds are used on the windows. The rug is dubonnet with a white fringe. Gel L Working Basement Concentrated. Architects generally are arranging basement space so that heating and laundry equipment and other utilities are grouped at one side, allowing much larger recreation rooms. “Coal-flow” stokers that carry coal from a con- cealed bin through an under-floor con- duit to the fire make a considerable space saving possible. 3 ) T The steel plant is manned by veterans with Barber & Ross organization. These are the trained men who execute your orders with fi- delity to your speci- fications and to our standards: Walter M. Johnson, Benjamin Freund, Irving Saum, Tarlton S. Bean, Shop Supt. IIIIIIIIIII|IIIlllllllllll(lllllllIlllllllllIlIIIIIIIIIIllllflmlllllllllmlllIllllmIIIIIIHINlllllIIIIIlllllllllIIlIIIllIIlIIlIIIIHIIIE Will Consider Trade A Liberal Allowance for Your Present House on This Superb 16th St. Home This magnificent home has paneled recrea- tion room with hardwood dancing floor. and bar. Complete maid's quarters with bath, storage rooms, the latest oil-burning equip- ment; eled large living room with fireplace. pan- library, inclosed sun el kitchen and breakfast dining_room, four master bed rooms. two tiled baths. ' cedar closets. big landscaped Tot. detached brick garage. 1515 K St. N.W. Dist. 3100 MOSS BUILDS HOMES—NOT HOUSES There's a difference between a “House” and a “Home.” That difference will be immediately apparent as you inspect these Manor Place Homes Located in one of the prettiest and most convenient sections of the city, handy to every community need and only 10 minutes to downtown. These Homes are practically planned to facilitate Home making; into them has been tributing to Home comfort, Recreation Rooms. Priced at $8, built every convenience con- including the famous Moss® 150 Convenient Terrrs Do yourself a favor and inspect these Homes today. Open daily and evenings. MOSS& From Mass. Ave. south on Wisc. Ave, turning into 3Tth 8t. to Manor Place. Tower Bldg. (REALTOR) Met. 1776 Eve. and Sun., Bhep. 4517 - - REAL -ESTATE. - Home Sold purchased this new home at Jrom G. F. Mikkelson & Son, Star Staff Photo. Z In the important job of making entrance doors of homes inviting, color will be found a great aid. A dark blue door with a gold knocker gives the passerby a hunch that the family within are likeable, cordial people. A deep red door with antique hinges has a personality that seems to say, “The latch-string’s cut.” Heavy Asbestos Paper. LOT NEAR WARRENTON IS SOLD TO GLASCOCKS Special Dispatch to The Star. WARRENTON, Va, October 16— Mr. and Mrs. J. A. Frazier have sold to Richard Thomas Glascock and wife a lot in the Gaines subdivision, west of Warrenton, for $1,845. The lot has a frontage of 170 feet and a depth of 55 feet. Tawrence 8. Green sold to Walter T. Green: one-half interest fn a tract of land in Lee district, 2'¢ miles from Midland, containing 121% acres, for $1,600. Mary H. Bartenstein and others so0ld to Lawrence W. Sudduth a lot in section A, Bartenstein subdivision, fronting on Garden street, for $300. Mason Burgess sold to Mary E. Burgess a tract of 111 acres 1% miles east of Warrenton, adjoining the prop- erty of Radcliffe Hordern and others, for $1,300. 305 LINCOLN ST. BETHESDA, MD. New white brick bunga- low. 5 large rooms and bath. Attic. Attached garage. Weatherstripped, insulated and screened. {f§ Corner lot 70x150. One of the best bungalows on the market today. (Carefree Comfort With Modern Gas Appliances) TO REACH: Out Wis. of Bethesda, left on Rd. to Lincoln St. Ave. t Geori The use of a fairly heavy asbestos | paper between the subfloor and finish | floor will give a considerable amount of fire resistance. A room lined with | plaster on metal lath or other fire- | resistant material, with asbestos paper | under the floor, will hold s fire for | many minutes without allowing it to | spread. 8 One of Two Qua broiling steaks; graceful random-width plank floo beautiful corner cupboard: - Carefree Comfort With Out Sizteenth Street to Dist to Second Ave., Me. 1170 left to B Street Marlow-Beech Corp. The Price Is Right Your Own Terms. GOSS REALTY CO. 1405 Eye St. Na. 1353 6600 Wis. Ave. Wis. 2553 Sixteenth Street Village int Little Houses NESTLING close to the ground; pleasing color schemes; original fireplaces, including one for stone wall and chimney; rs, hand-wrought latches, s lighted; bunk room, etc. One with studio living room. Modern Gas Appliances Open Evenings trict Line, right two squares (9000 blo Wi. 3155 4856 CHEVY CH kitchen has built-in cabinets, Kelv linoleum floor. Bed room with ba basement, attached garage. insulated, furred walls. *10,750 It faithfully follows the latest modernistic trend . . . living room opening onto a large porch in the rear. rooms and bath on second floor—with adjoining sun deck. Copper ASE BOULEVARD with its tremendous The uitra modern inator range and refrigerator, inlaid th and shower on first floor; 2 bed Full downspouts; pipes, gutters, OPEN SUNDAY P AND FOR EXTRA VALUE—a large landscaped lot adjoining a, Government 6510-12 CHESTNUT ST., CHEVY CHASE, MD. and a white painted brick. 3 | screened living porch overlookin Open Today, Sui @ni eontinue across Brookeville Rd. 1 , Carefree Comfort with Modern Gas Appliances Beautiful Homes—Perfect etting $10,750-$10,950 In one of the prettiest squares in Chevy Chase. TO REACH Out Conn. Ave. bevond Chery Chase Circle to Thornapple 5t. Stone and brick bed rooms, 2 baths, large rear g lovely yard and the grounds nday and Daily Turn right block to Chestnut St., right to homes.