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Evening star. [volume] (Washington, D.C.) 1854-1972, March 26, 1938, Image 21

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February Loans Are Higher
Than January’s, but Below
1 1937 Period. *
Increased activity in the field of
home building and purchase was in
dicated today by a national summary
of lending made public by the Fed
eral Home Loan Bank Board.
The board's division of research
and statistics found loans by savings
and loan associations during February
Increased over January, although they
were slightly lower than in February,
1937. The total figures for home con
L Btruction, purchase, refinancing and
I reconditioning were; February, 1938,
• $43,390,000; January, 1938, $41,152,
000 and February, 1937, $49,083,000.
Both January and February are
» normally "low'” months In the field of
home financing, the upturn usually
coming In March and April. Officials
regarded the early upward trend this
* year as Indicative of a stimulated
market for homes which likely will
become more pronounced during the
Of the loans made in February $10,
628.000 was for home construction,
$13,632,000 for home purchases,
$9,964,000 for refinancing, $2,989,000
for reconditioning and $6,077,000 for
Other purposes.
State chartered member associations
of the Federal Home Loan Bank System
led all other types in the amount of
money loaned, accounting for 45 per
cent, and Federally-chartered associa
tions newer in the home financing field,
i were a close second, lending 41 per
cent. The remaining 14 per cent was
advanced by non-member associations.
The Winston-Salem Federal Home
Loan Bank district (the Southeastern
States, including the District of Co
lumbia) led all other sections in new
loans, $6,316,000. Cincinnati (Ohio,
Kentucky. Tennessee) was second with
$6,086,000 and Lew Angeles (California.
Nevada, Arizona) third with $4,386,000.
— -•
(Continued From First Page.)
latter part of January. The February
decline was expected. Due to this the
total building for the entire country
Showed a decrease last month of 44
per cent.
' Washington Second.
’Washington climbed to second place
among the large cities of the country
, in volume of February building, the
report showed. This was due to large
Federal Government projects here, as
private building was not very active.
‘The valuation of all types of'building
ih the Capital during the first two
months of the year was placed at $14,
218,132, an increase of nearly $3,000.
000 over the comparable period of 1937.
New York City led the country with
a total of $114,820,789, a figure nearly
three times as great as last year. Trail
ing Washington were such large cities
as Los Angeles. Detroit and Baltimore.
New residential building permits in
2,030 cities, exclusive of New York,
showed a gain of 26 per cent from
•January. This expansion of building
operations was widespread and was
, noted in all geographic divisions of
the country except the Middle Atlantic
States, in which New York is included,
and the Pacific Coast States. When
reports for New York are included,
the value of permits for residences was
67 per cent smaller than in January.
34 Per Cent Increase.
There was an increase of 34 per
cent in the value of new nonresi
dential construction, excluding New
York, and a gain of 20 per cent in ad
ditions, alterations and repairs to ex
isting structures. For the country as
a whole. Including New York, permits
for new nonresidential construction
ehowed a decline of 20 per cent, while
• additions, alterations and repairs were
In about the same volume as in Janu
Compared with the corresponding
month of 1937, the value of residential
buildings for which permits were issued
In cities including New York, declined
50 per cent. There was also a decline
- in the value of additions, alterations
and repairs, amounting to 19 per
cent. However, the value of new non
residential buildings increased 15 per ;
cent. Excluding the figures for New
York City, the comparisons are as
follows: New’ residential buildings de
creased 27 per cent, new nonresiden- j
tial buildings increased 16 per cent and
additions, alterations and repairs de
creased 14 per cent.’
. There were 9,617 family-dwelling
Units provided in the new housekeep
ing dwellings for which permits were 1
Issued during February. The 2,030 !
»cities, exclusive of New York, ac- |
counted for 9,295 of these, a gain of
27 per cent, compared with January.
With New York included there was
a decrease of 68 per cent.
Family-Dwelling Units.
Compared with February, 1937, a
decrease of 42 per cent was shown in i
th« number of family-dwelling units
The data collected by the Bureau of
Labor Statistics show’, in addition to
private construction, the number and
value of buildings for which contracts
were awarded by Federal and State
governments in the cities included in
the report. For February, 1938, the
i Vfilue of these public buildings
I amounted to $9,858,000; for January,
1938, to $2,115,000, and for February
1937, to $14,937,000.
Permits were issued in February for
i Allowing important building proj
ects: In Auburn, N. Y„ for a State
prism to cost $767,000; in Glen Cove,
1 °r< a *ch<x>1 building to cost
•500,000; in New York City—in the
borough of Brooklyn, for public build
ing* to cost over $1.300,000; in Yon
Homes with Big Rooms
F or nil he d Exhibit Home:
Open Today and Daily
to 9 P.M.
■Gorin & Horning, Inc., Builders
brick homes on lots 187 ft. deep
«rrn= SEE THE
New MIAMI BATns . . . and such
^2!lure*s as ^oyrr■ built-in bookcases.
,rear stairway entrance, knotty pine
‘recreation room with fireplace, cedar
storage closet. 1.1 custom-built Oxford
kitchen cabinets, gas furnace. 6-ft.
..electric refrigerator. Caulked, screened
and weather-stripped. Plastered base
ment ftfi ft. long. High elevation. Near
fall conveniences.
iBrlve out New Hampshire Ave. to
aallatin St., right M block to hornet.
rgi w g <4 4 a
Tower Building NAtional 3030
Kenwood Cherry Trees in Full Glory
Views of the flowering Japanese cherry trees in Kenwood, Md., nearby residential community.
There are more than 1,500 of the trees in the development and it is estimated that more than 100,
000 persons saw them last year. The Kennedy-Chamberlin Development Co. is now holding its
second annual cherry blossom photographic contest, with all amateur camera fans in the Capital
area eligible to try for prize money._ —Star Staff Photos.
kers, N. Y., for apartment houses to
cost $1,200,000; in Braddock, Pa., for
a school building to cost $400,000;
in Mount Lebanon, Pa., for a school
building to costover $600,000; in West
Chester, Pa., for a school building to
cost over $400,000; in Peoria, 111., for
warehouses to cost nearly $650,000; in
Washington, for apartment houses to
cost $440,000 and for a school build
ing to cost over $300,000; in Kansas
City, Kans., for public utility build
ings to cost over $600,000; in Jeffer
son City, Mo., for a State office build
ing to cost over $750,000; in Balti
more. for apartment houses to cost
over $1,000,000. for airport buildings
to cost nearly $400,000. and for store
and mercantile buildings to cost nearly
$750,000; in Charleston, W. Va., for a
municipal auditorium to cost approxi
mately $300,000; in Shreveport, La„
for commercial buildings to cost nearly
$600,000; in Oklahoma City, Okla.,
for a public building to cost over
$500,000; in Houston, Tex., for apart
ment houses to cost nearly $500,000;
in Austin. Tex., for an office building
to cost $325,000; in Port Arthur, Tex.,
for a school building to cost nearly
$400,000, and in Los Angeles, for
apartment houses to cost over $450,000.
(Continued From First Page.)
photographs were taken with Inex
pensive cameras, showing that it is
not necessary to have expensive equip
ment to win the competition.
From a count of automobiles on
Kenwood’s streets it is estimated that
in excess of 100,000 persons viewed
the blossoms last year. It was stated
that the blossoms are more beautiful
than ever this year. There are more
than 1,500 trees in the development.
Those who enter the contest are
1 warned not to write their names or
addresses on any entry, but to attach
to the picture or inclose in an en
! velope name, address and telephone
number. As many as five “shots”
may be entered by any contestant.
The entries must be mailed or deliv
ered to the field office of the Ken
nedy-Chamberlin Development Co., 50
Kennedy drive, Kenwood, Chevy
Chase, Md. No pictures will be re
turned to contestants, but any entry,
except prize winners, may be called
for at the field office. The prints
and negatives of the prize winners
PRESTIGE of ADDRESS are assured in this
by its Location, Architectural Character, Solidity
of Construction and Fine Interior Arrangement
*— ■ -
7416 Lynnhurst Street
You will be agreeably surprised at the roominess, con
venience and livability of this "Home" at the unusually
low comparable price
Complete in every particular, containing large center hall,
screened porch off living room, well lighted dining room and
kitchen, lavatory, 4 bedrooms and two baths, finished attic,
recreation room, maid's room and bath and two-car garage.
SITUATED on a beautifully wooded site with fine elevation
and view, in
‘ - • , .. , * r.
Oumara and Buildara
Telephones—-SH. 5168 and WIs. 1507
Ridgewood Village Adv. Adjoining
will become the property of the spon
sors. t
Copies of the contest rules may be
obtained by writing or telephoning
the offices of the Kennedy-Chamber
lin Development Co. No other in
formation concerning the contest will
be given either by telephone or through
the mails.
-» ■
Window and door frames should
be primed with a coat of paint before
they are set in the openings made for
them. The priming coat provides
weather protection and prepares them
for the finish painting.
Upturn Is Seen as Urban
Figures for February
Touch 170 Million.
As urban building In February
touched the $170,000,000 mark and
two particularly live building spots
registered activity, the building indus
try as a whole began to feel that bot
tom had been reached and the up
turn had set in, with a promise of a
boom during the spring months.
The States of New Jersey, New York
and Pennsylvania, in the mid-Atlantic
section, and those of California. Ore
gon and Washington, on the Pacific
side, chalked up the greatest building
increases during the month. J. J.
Cermak, secretary of the Structural
Clay Products Institute, foresees a
definite spring building climb and ex
plains it as follows:
• in the East the new building code
of New York City had an excellent
effect on planned construction. Also
the rezoning moves in Manhattan
with new areas restricted to residen
tial use. In both East and West the
entrance of private capital into resi
dential building projects lifted the
volume of business. P. H. A. figures
on mortgage appraisals, viewed as a
barometer, rose from $8,565,000 the
llrst week in January to $11,747,000
the week of February 26, and then
on to $17,529,000 the week of March 5.
Demand Seen.
“Only one conclusion can be drawn
from this change in building ac
tivity: The dire necessity for homes
has hurdled the barriers, a 'demand
factor’ has leaped over fears, uncer
tainty, war scare and the lag in gen
eral business.
"Repairs and alterations skidded
somewhat in February. A fair esti
mate for volume Is $40,000,000, but the
F. H. A. acticity Indicates the bottom
has been reached and left in this field.
“As far as the brick and tile manu
factures are concerned, the bulk of
these products go into housing; chiefly
the small cost home, the type ranging
from $4,500 to $6,000, which can now
be financed with a 10 per cent down
Three Factors Listed.
“From the institute findings three
factors will determine the size of the
increase in spring construction; (1)
The rate at which business adjusts
itself, (2) the size and speed of the
flow of private funds into residential
construction, and (3) the type of
molestation the Federal Government
applies to business.
“If these factors strike any kind of
balance, the home-building field will
keep up a steady climb and spring
months witness an honest boom in
small-cost dwellings.’’
A stone pipe which was part of
an aqueduct built by Pontius Pilate
in 30 A.D. was shown at a recent
London exhibition.
Glover Pork
2233 39th Place N.W.
Attractive new Colonial brick;
contains 6 rms„ bath, gas fur
nace, elec, refrigeration, screens,
weather-stripped; insulated with
rocb wool and caulked.
Owner-Builder Will Accept
$750 CASH
at a down payment
on thie new home
Furnished by Hilda N. Miller
Open Daily Until 9 PM.
To reach Jrom Wisconsin ave. and
Calvert st., go west on Calvert st. to
39th vl., south to 2233 39th vl.
Owner, Builder NAt. 1737
3606 Brandywine St. N.W.
Delightful Early American Colonial home, built on
large 60xl24-ft. landscaped lot. Three bedrooms,
2 baths and wood paneled library or den (which can
be converted into an additional bedroom) on second
floor. Living room, dining room with built-in corner
cupboard, G-E Electric Health Kitchen and lavatory
on main floor. THREE fireplaces, floored attic;
garage. Reynolds’ Air-Conditioning System with
automatic heat. Side porch. One block west of
Connecticut Avenue on Brandywine Street, near
elementary, junior high and parochial schools.
Furnished by P. J. Nee Co. Draperies by Ligon.
927 15th St. N.W. Natl. 0856
LAND is the safest and moist
TUE PEA CAkIC \A/U'Y Pr0*i,,aNe ^orm of investment for
■ nt IVCMiJwIld W rl f the average person, who cannot
afford to risk.
"Buy land near a growing city" -7 advise women to invest in real estate. It
°n? bu99y d.oy Q*iom‘ °re l'ust «LJtrue is the collateral to be preferred above all others
today os they were when John Jacob Astor and Hetty
Green amassed their great fortunes in real estate. and is the sa1est means of investing money."
LAND '* t^ie one imperishable asset. The eternal process of change makes the guilt edge investment
today obsolete tomorrow, but the need for or the uses of land can never be erased.
LAND stationary quontity, it does not change places or increase in amount. Vet, the demands for
it grow continually as population becomes more dense. And the population of our Nation has
never ceased to increase.
HUMAN INGENUITY cannot devise a better form of investment for the average person, who cannot
afford to risk, than well selected, properly priced land,in line with the best development of a growing city.
IN WASHINGTON the northwest area epitomizes this most desirable trend, therefore, the best selection
of a building site for home or investment, narrows down to this favored section.
WHEN MAKING YOUR SELECTION, visit the various residential sections in this area. Study their
environment—accessibility—protective building restrictions—relative land prices—the kind of residents—
the architectural character of dwellings—the quality of construction—physical beauty and how preserved.
Ascertain if the neighborhood is protected against undesirable encroachment. Know who is back of
the development and the experience they possess as proven by past performance.
YOUR FUTURE ENJOYMENT of a home or the profit derived from an investment depends largely upon
how thoroughly you make this investigation.
IF YOU ARE CONFIDENT these essential qualities are fully met, your most advantageous purchase for
home or investment will be found in a newer development where you have the great advantage of
selection and low opening prices.
INVESTIGATE BEFORE YOU BUY, the several desirable northwest residential communities, then make
a comparison with
35 WOODED ACRES, Matching the Slyvan Beauty of Rock Creek Park.
FRONTING BEACH DRIVE over one-half mile along Rock Creek and the Park.
HERE, THE HOME-SITES will be larger than usual, with room to plant flowers, for relaxation out of doors,
with ample space for children to play, away from the constant hazard of city traffic.
HERE, ARCHITECTURAL VALUE will be the test of fitness for a place in the community.
HERE, RIGID ARCHITECTURAL restrictions, os well as all others necessary to assure a high character of
development, are imposed.
HERE, YOU WILL FIND the best guarantees given both by nature and by man for the Everlasting appeal
of its environs.
FRONTING ONE-HALF MILE on Western Avenue, the District line, Ridgewood Village is on the border,
■ in Maryland.
HERE, YOU HAVE A VOTE, and consequently a worth-while voice in vital civic affairs.
To Reach Property: Drive northerly on Beach Drive through Rock Creek Park to District
line or one block east on Western Avenue from Chevy Chase Circle to Brookville Road,
thence on tame to Leland Street, right on Leland Street to Beach Drive and property.
EDSON W. BRIGGS, Inc., Developers
Office on Property.
Telephone WIs. 1681
Primer Coat Fills Pores.
On new wood a priming coat must
first be used to fill the pon*. If this
is not done, the many pores-will absorb
the oil from the paint and leave the
upper coat with rapidly dulling spots.
The priming coat must have plenty of
raw Unseed oil to fill these pores. A
second coat to establish a smooth,
non-absorbent ground for the last
coat is advisable.
Hooks in Cabinet Door.
Very small articles, such as mani
cure tools, rfiay be hung on tiny hooks
Inserted in the back of your medicine
closet door. Frequent coatings of
enamel on the interior surfaces of '<
the medicine cabinet, incidentally, 1
make it easy to keep the cabinet clean
and shining.
New Detached White
Brick Colonial
3019 ORDWAY ST. N.W.
Circular entrance hall—wtth artistic
winding stairway, library, large
living room with built-in bookshelves
on each side of fireplace. Two
large bathrooms— light, insulated
attic, garage—automatic heat. One
of the most attractive seven-room
houses on the market.
TO REACH—Drive North on Con
necticut Avenue—turn left on Ord
way—-2 blocks to house. Open and
heated week days—2:00 to ft 00_
Sundays 11.00 to 7:30.
Mr*. Jack Haye*, Realtor
Du. 7784 2020 P St. N.W.
After Office Hours Coll NO. 3764
^ 2118 Huidekoper Place N.W.
In the Glover Park Section
SA OCO Adjacent to
Vl4vU Historical Old
' Georgetown
1 TO 9
bric,c homes offer more sound value for the
™>dest price than you have ever before seen and includes every
^convenience for your comfort. Seven bright well planned
perfpct soft tone colored tile baths, gas heat, natural
ti?«J£pW0Ki» trim- ai? ultra modern kitchen including many new fea
,nbi*«rIS£r%,on roor2 wlth TERAZZO floor. Venetian blinds.
entire house screened, caulked, insulated, weather
*ncLslt!?atfd on high elevation where beautiful Whitehaven
delay Joms the back yard* By all means see these homes without
Drive out 37th St. to Manor Place <2100 block of 37th) and turn
west one block to home.
Trturn Built ^ C■ H Smal1 & Co
bldg* R. M. HOOKER MET5S&
Unexcelled Environment
Distinguished Individuality
Model Home, 4417 Warren St. N.W.
One of a group of 15, commanding a beau
tiful approach through a section of one of
Washington's finest and largest estates
Price, $10,950
Facing a large Government property, the entire block of homes
was designed and constructed by the same builder, thus assuring
permanent beauty. The homes are of individual English and
Colonial design. Slate roof, rock wool insulation, furred walls,
bronze screening, copper gutters, flashings and down spouts;
large living room with open fireplace, dining room and kitchen
with full equipment, large screened porch, 3 bedrooms each with
large closet, 2 complete tiled baths, floored attic, detached
garage with overhead doors, full basement.
Open Daily & Sunday, 10 A.M. to 9 P.M.
To reach: Drive out Mass. Ave. to 46th St., right on
46th St. to Warren St., right on Warren St. to houses
J. B. TIFFEY —Builder
Sales Representative
Clev. 9855
The trustees of the Federal Security and Mortgage Company
have turned over to me exclusively the sale of their thirty-six
remaining properties. My instructions are to SELL and the price
tags should really bring ACTION. Everything in the list it a
Included are apartment houses, Investment properties, large,
medium and small homes—many of them beautiful detached
mansions, some of them more modest in appointment and cost and
others much smaller. They are located in virtually every section
of the city and the nearby suburban area.
• * •
Practically all are reasonably rented to satisfied tenants, which
makes the property doubly attractive to investors—sales clauses
In the leases make It possible in most cases to secure occupancy
within a month or two if required.
* * •
Some years ago It was my privilege to have served this same
Federal Security and Mortgage Company in an executive capacity,
and I know these properties inside and out. I know what they
cost the company and I assure you there are many great bargains
to be picked up as these parcels are sacrificed.
* * •
Too much space would be required to list them Individually
here, but a telephone or personal call will provide all the Informa
tion you need,'and I will personally accompany any prospect for
the purpose of inspection of these properties.
* * *
It is hoped that some one investor may see fit to bay the entire
group of equities. Such a person would Immediately take over
some thirty properties, large and small, at actually less than the
amounts for which they were formerly mortgaged. Of course, ril
co-operate with licensed brokers.
* * e
My clients must sell—as quickly as possible—In order to fulfill
the obligations placed upon them by the court. For further facts,
appointment to inspect or any additional information, phone,
write or call on
Exclusive Salts Agtnt for Trustttt
801 Weedword Bldg. MEtropofitan 1201
f -■*

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