Evening star. [volume], September 25, 1937, Page C-5, Image 27

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
F. H. A. MAINTAINS
MOKE RATING
Interflow of Money Follows
High Standard of Ap
praisals.
Through intensive and continued
training of its technical and under
writing staffs the Federal Housing
Administration is able to maintain
the uniformly high standard of ap
praisals and valuations which have
made insured mortgages a standard
ised commodity, readily salable in the
open market, according to Steward
McDonald, Federal housing adminis
trator.
Transfers of premium mortgages
amounting to more than $102,000,000,
involving some 860 purchasing insti
tutions located in every part of the
country, indicated that for the first
time in mortgage leading history a
substantial regional interflow of mort
gage money is taking place.
Increased salability is the result, the
administrator said, both of the insur
ance against loss provided by the
Federal Housing Administration and
the high standards required of loans
accepted for insurance. The latter
consideration has probably played the
largest part in influencing institutions
In 45 of the 48 States to purchase
insured mortgages as long-term in
Testments.
“One of the most important, and
most difficult phases of the york of
the Federal Housing Administration
has been the building of a technically
trained staff of underwriting, archi
tectural and appraisal experts com- I
petent to apply the appraisal and valu- 1
anon methods employed in the insur
ance of residential mortgages," Mc
Donald said.
“Federal Housing Administration :
appraisals and valuations differ from
those in common use by many lending
Institutions in that they involve the |
carefully co-ordinated work of several '
men. each highly trained in the
particular field in which he operates.
“Continued training of the technical
personnel of each of the State and
district offices maintained by the Fed
eral Housing Administration is neces
aary in order that the appraisals in one
section of the country shall conform
closely to those made in other parts
of th# country. Only through the
maintenance of the highest standards
of appraisal in every part of the contry
Can the Federal Housing Administra- 1
tion expect to retain the confidence of
lending institutions.
Xew Stability in System.
“That the insured mortgage system
has given a new stability to residential
mortgages is indicated by the fact
that on June 30 of this year insured
mortgages totaling $101,826,925 had
been purchased by ipstitutions in
•very part of the country from the
originating mortgagees. This repre
sents approximately 15 per rent of all
mortgages insured up to that date.
“This new development in home
mortgage leading is due primarily to
the recognition by mortgage lending
institutions of the fact that properties
securing insured loans have been sub
jected to careful examination by the
technically trained staff of the Federal
Housing Administration office in the
State of origin. Most lending institu
tions cannot afford to employ large
staffs of expert appraisers and valu
ators, and many are roming to depend
upon the unbiased and unprejudiced
report of the Federal Housing Admin
istration.”
-•
Test Non-Alcoholic Drinks.
Three hundred non-alcoholic drinks
will be tested at a conference In Ber
lin of the Manufacturers of Unfer
mented Fruit Juices.
Convention Reservations.
Ernest T. Trigg, president of the
National Paint, Varnish and Lacquer
Association, sees in the great number
of advance reservations for the in
dustry's convention a new all-time
attendance record. Convention hotel
reservations for the sessions to be
held in Cincinnati, October 27-29, at
the Netherland Plaza Hotel, are 175
per cent ahead of the total at this
I time last year.
Mahogany Pieces
Of 18th Century
Hold High Prices
Fine examples of the mahogany
furniture produced in the eight
eenth century continue to bring
high prices in the auction rooms.
In May of this year, a Chippen
dale two-back settee with carved
ribband splats was sold at
Christie’s in London for $7,085.
In the same month, at the dis
persal of the famous Genevieve
Garvan Brady collection at
Inisfada, the Brady home on
Long Island, New York, a Chip
pendale sofa covered in needle
point brought $3,150.
These prices were outdistanced
In August when $34,126 was paid
at Christie’s for a mahogany set
tee and 12 chairs covered in
needlepoint and dating from the
reign of George I. The suite
which was probably made by Giles
Grendey of Clerkenwell, London,
about 1722, was particularly Inter
esting because It represents the
early use of mahogany hi Eng
land. By the middle of the eight
eenth century, this wood had
become the one most favored by
the leading cabinet makers of the
period.
HEATING DOLLAR
NOWGOESFARTHER
Initial Cost of Equipment
Drops, Economy Added
Since 1920.
Price* of certain staple kinds of
boilers have declined 53 per cent In
the last 17 years while radiator prices
have dropped nearly 50 per cent, says
the Plumbing and Heating Industries
Bureau.
Even more startling than the differ
ence In price Is the contrast between
the kind of heating equipment avail
able today as compared with that
offered 17 years ago, the bureau points
out.
The contrast is as great as that
between the modem streamlined auto
mobile and the model T, the bureau
says.
Whereas 17 years the choice of the
home owner w?as limited to the round
boiler, today there is a special high
efficiency boiler available for every
type of fuel.
Thoroughly Insulated, inclosed In a
handsome colorful steel jacket, with
a long flue travel, and with baffles to
trap the gases of combustion, the
modem boiler offers unprecedented
fuel economy.
Similarly, 17 years ago the choice
of the home owner was limited to a
standard type of radiator which, al
though efficient as a disseminator of
heat, yet could boast neither beauty
nor tasteful design. Artist-engineers
took the radiator in hand and gave it
graceful, slender tubes, harmonising
with the finest furniture. Other types
of radiators were developed suitable
for complete concealment or partial
recessing In the walls.
In addition, there has been Intro
duced in recent years a wealth of
special devices and controls tending to
make steam and hot-water heating
fully automatic, highly flexible, and
Instantly responsive to the heating
needs of the home.
No less significant Is the Introduc
tion of Winter air-conditioning equip
ment made especially for use with
steam and hot-water heating.
Thus every point of view—price,
performance, appearance, economy
and efficiency—steam and hot-water
heating equipment today offers values
that have never been equaled In the
history of the industry.
Price is a factor in any purchase, of
course. But the significance of price
is In relation to the value received in
exchange and in relation also to the
price levels in other fields and the
general purchasing power of money.
OPENING—NEW GROUP
LOW-PRICED DETACHED HOMES <
that
SET A NEW STANDARD
at
$9,550 and $9,650
Featuring brick construction, air conditioned, large rooms, in
sulated furred walls, elaborate kitchens, new double duty baths, copper
pipes, and many other innovations not expected at th's price SEE
THESE HOMES TODAY.
SAMPLE HOUSE 4516 WIHDOM PL. H.W.
OPEN DAILY
Drive out Matt. Ave. to Built by
44th St., right to Windnm, PICHLER-RICHMOND
right ft block to houses. Conit'n Co.
FISCHER & COMPANY
(AfPfltfl)
907 15th St. N.W. Met. 0045
You Will Find in These New
Homes Character and Comfort
1.. —.-.- - i
4404 Highland Avenue
Spacious living room, with open fireplace; convenient
porch, dining room, and a kitchen cheerfully and mod
ernly appointed. Bed rooms with real wall space; cross
ventilation and a luxury bath. I
Construction: Materials are the finest. The infinite
care in workmanship surpasses homes costing thou
sands of dollars more.
PRICE: $8/450 00 INCL 0IL buRNER
THIS IS AN ELECTRIC KITCHEN HEALTH HOME
Directions: Out Wisconsin Are, straight through. Bethesda and
beyond Bank 4 blocks, turn right on Highland At*, to our Homes. |
Opan Daily and Sunday
" 1 *
Walker and Prescott, Inc.
Builders—Realtors
| No. 5 Dupont Circle NO. 5314
nit Achievement in Design and Livability
in Lovely SHEPHERD PARK
A home designed to meet the most exacting
requirements. Every attention is given to the
little details, which mean so much. Picture
yourself and your family in these lovely sur
roundings—beautiful shade trees—year round
comfort with air conditioning—and the many
luxuries and comforts of fine, expensive homes
are here now in this new medium priced home.
L. E. Breuninger & Sons
1730 K St. N.W. ^
No. 2040 ggfiSgM
__ X&m#'****r
7911 13th Street N.W.
ftt'« r* Plectna
Hitch'" Health
Hama
Sixteenth Street Village
One of Three Quaint Little Houses
Nestling close to the ground; pleasing color
schemes; original fireplaces, including one for broil
ing steaks; 100-year-old log cabin wing transplanted
from Pennsylvania; graceful stone wall and chimney;
random-width plank floors, hand-wrought latches,
beautiful corner cupboards lighted; bunk room, etc.
Out Sixteenth Street tn District Line, right tiro squares
to Second Ave., left to B Street 19000 block).
Me. 1170 Marlow-Beech Corp. Wi. 3155
I A Better Built or a More Charming Residence of Striking and Imposing Design, Cannot Be Found, Than This |
I Magnificent Home of Georgian Colonial Architecture Situated on Fashionable |
| Whitehaven Street Overlooking the British Embassy Gardens |
A Delightful Home of Irresistible Appeal in an Unsurpassed Location, Just South of Mass Ave. at 30th St. N.W. ||
CITUATED as it is, surrounded by some
*** of the most palatial homes in the city as
well as ADJACENT TO SEVERAL
FAMOUS EMBASSIES, the opportunity to
acquire this beautiful residence is one that
should be immediately taken advantage of
as a property of this character is seldom
available in Washington. Its wooded and
formally landscaped garden of inspiring
beauty provides an appropriate setting for
the distinguished authentic architectural
motif of the home. ITS SPACIOUSNESS,
EQUIPMENT AND FEATURES CHARAC
TERIZE IT AS ONE OF THE CAPITAL’S
FINEST APPOINTED HOMES, IDEALLY
ADAPTED TO FORMAL ENTERTAINING
ON THE LARGEST SCALE.
DRAWING ^
ROOM
“WHERE GRACIOUS AND CHARMING HOSPITALITY CAN BE ENJOYED TO ITS UTMOST"
I 3055 WHITEHAVEN STREET N.W.
■ DESCRIPTION \
V GROUND FLOOR: Center hall with MARBLE TILE FLOOR AND
f BEAUTIFUL STAIRCASE WHICH OPENS AT FIRST LANDING ONTO
A LARGE STONE TERRACE PORCH, large powder room with lava
tory for ladies an the left of entrance and cloak room with lava
tory for gentlemen, 2 servants' rooms and both and 2-CAR BUILT
IN GARAGE.
FIRST FLOOR: Large landing hall opening into DRAWIN GROOM
<20'x40') WITH MARBLE FIREPLACE, DINING ROOM (20'x25 )
WITH MARBLE FIREPLACE AND BUILT-IN CHINA CABINETS, EX
CEPTIONALLY LARGE BUTLER'S PANTRY WITH MONEL METAL
SINK, BEAUTIFULLY EQUIPPED KITCHEN, servants' dining room.
SECOND FLOOR: 5 LARGE MASTER BEDROOMS (4 with open
fireplace), 5 BATHS, PANELED LIBRARY, and study.
THIRD FLOOR: 4 servonts' rooms and both, ENORMOUS CEDAR
CLUStT AND ilURAfcifc ROOMS. '
BASEMENT: 3 servant*' room* and bath, laundry, wine room, furnace
room, storage space.
AMONG THE MANY SPECIAL FEATURES OF THIS RESIDENCE,
which wo* designed by the well-known architect, Nathan Wyeth,
and built by the firm of Davis, Wick, Rosengarten Co., Inc., ARE:
Rear stairway from basement to the third floor, beautifully decorated
OTIS ELEVATOR, electric refrigeration, hardwood floors, fine hard
ware and the decorations and appointments in this lovely home are
executed in equisite taste. RECESSED RADIATION WITH ORNA
MENTAL GRILLS, HUG? SPACE FOR CHINA, EXCEPTIONALLY
LARGE CUPBOARDS AND CLOSETS IN ALL ROOMS, SIDE EN
TRANCE, ATTRACTIVE BRICK WALL AT SIDE OF PROPERTY AND
CIRCULAR DRIVEWAY IN FROMT OF RESIDENCE.
Inspection by Appointment Only
V
For the family or the foreign
EMBASSY who can afford to purchase
this wonderful home there is embodied
here every comfort to delight persons of the
most discriminating tastes. There is an
air of quiet elegance and refinement about
the decorations. Its dignified and aristo
cratic appearance cannot fail to impress.
NO EXPENSE HAS BEEN SPARED BY
THE OWNER TO MAKE THIS ONE OF
THE MOST OUTSTANDING HOMES IN
THIS DELIGHTFUL SECTION. The lot has
a frontage of 100 feet on Whitehaven
Street and a depth of 150 feet (TOTAL
SQUARE FEET BEING 15,000). THE
LANDSCAPING COST THE OWNER
APPROXIMATELY $7,500).
The Garden
With View of
British Embassy
JOHN F. MAURY and J. RUPERT MOHLER, Jr., Ine. I
. _ . n ... > Exclusive Agents Week Days Call NAtional 4080 ^
1223 Conn. Ave. (2nd Floor) * Cooperation of Other Brokers Invited Sunday Wisconsin 2976
North Woodside Home Sold
This residence, at 1223 Glen Ross road. North Woodside, Md.,
has been purchased, by Mr. and Mrs. George E. Rond from Clag
gett & Stadtler through the Silver Spring office of Waple &
James. —Star Staff Photo.