OCR Text |
Show 4i ew Hg, SUNDAY HERALD for Realty QQfl DECEMBER 27, Utah County, Utah SUNDAY. nvesiincni Q pporfunrhes 9 'ILWCra 1959 For the Week Investment opportunities in real opinion expressed at the recent ous growth in real estate syndi estate are expected to hit a new convention of the National Asso- cates and permit the small inhis high next year, Ward Heal, pres- ciation of Real Estate Boards in vestor conveniently to put hiswhich Canada. The Provo money into real estate ident of the Provo Real Estate Toronto, . Roundy Building Sale Tops Provo Business Hews in?? ifj i ' 'T:-- M torically has been the best investment in the country," the realtor leader, declared. Provo business news of the "The. optimistic forecast of the week was highlighted by the sale of one of the business district's' department of commerce that n commercial and industrial constructures, the Rouninstruction will show marked dy Building, on University Avecreases in 1960 suggests great op- nue containing the Academy portunities also for direct real Theater, Mayflower Cafe, Knud-sen- 's estate investment; in addition to Floral and upstairs offices. the syndicate type of transacJ. Edwin ' Stein, president of Mr. Heal added. tion," the J. Edwin Stein Company which handled the transaction, Bill's 'Chances Good He explained that the Treas- said the building was sold by the ury Department recently with Roundy interest 'I to four Provo drew its objection to legislation men Dallas H. Young Sr., Dallas which would put real estate in- LH. Young Jr., Ray Ivle and Dr. vestment trusts on the same tax James Webster. basis as regulated investment The sale price was not disbill the closed, but the deal was undercompanies. "This means has a good chance to pass Con- stood to be one of the largest in gress next year," Mr. Heal pre the Provo business district in sevdicted. eral years. The trend toward real estate Sharing ownership prior to the syndicates was substantiated at sale had been Mrs. Nellie Greer, the NAREB convention, Mr.. Heal Clayton Roundy, Bert Roundy said. He quoted Robert H. Weir, and the late Amanda Roundy. San Jose, Calif., a prominent tax According to Mr. Stein, th.? attorney and writer on tax sub- building was purchased by the jects who addressed a conven- late John Roundy from the Elks tion session, as saying "real Lodge more than" 20 years ago. estate can stand up to any other The building formerly was ocinvestment medium for Mr. Avercupied for years by the Utah f , age InvestO and that it exces Power and Light Company; before ' in flexibility." the firm moved its district office Good Return from Provo in 1940. In 1947 it 4 f He said real estate syndicates was completely remodeled and at can provide a good return on that time a major portion of it furfds are was occupied by the Academy money if the syndicate ' wisely invested. At the same Theater. time, he pointed out, a syndicate The structure occupies 70 front provides "the 'advantages of real feet on the avenue. estate investment without the This was the second major usual headaches of property man- business transaction involving N agement." Roundy estate property, during "Only a comparatively few the past year. The earlier trans people have enough money to buy action involved sale of the build an apartment, office buildingT or ing at 53 N. University, formerly commercial property on their occupied ' by Jones Paint and WE CAN USE IT, TOO! That's what Dr. Ernest X. own, but if the present growth of Glass, to Phillip. Perlman. viedly held real estate, syndiWilkinson; right, president of Brigham Young Univercates the average man sity, might be telling F. V. Nichols, vice president of will becontinues, to able buy a share t)f a First Security Bank, as the latter signs check for $1200 shopping center in the near fuin grants to the university. ture as conveniently as he bays a share of stock today," Mr. Heal said. Richard F. Miller, special agent Other major factors in the ... '' infor estate outlook for real Country Mutual Life, received bright vestments include local and na- special recognition for producing tional predictions of population the' highest per cent of business growth and surveys which show above, .his quota in a state-wid- e the demand for homes will spiral contest, announces Arthur J in the years ahead. homes Kocherhans, district manager. commercial indus and must go communtrial developments and t In India, they call the starling L. S. Marriner Foundation has Coolies are Eccles, ity facilities, all of which, will the "deamon-bird.- " J. Driscoll, First Security 1960 inappropriated $12,500 for Marriner A. Browning and employed to drive them away from provide fields f f eal estate rice fields. scholarships and library grants at L. Eccles. vestment," Mr. Heal declared. 13 colleges and universities , in Utah and' Idaho and for the sup and Future Farmer port of activities, it was announced Saturday by F. V. Nichols, vice presi-I dent. The new appropriation brings to a total of $80,500 In grants con tributed bv the Foundation to in- educational and termountain youth activities. The Foundation was established in 1953 by First Security da ti lng system to promote and support educational; scientific, relig ious and charitable pursuits.. Dur"y- .A,,, ww. ' r seven-yeaperiod, Firs' ing the Security Foundation- has contributed $65,900 in scholarship and library grants. Another $14,600 of foundation funds has gone toward and Future Farpromoting mer activities. Mr. Nichols sai dthat this year's foundation grants include $1,000 in scholarships and $200 in a library grant to Brigham Young Universty. Other schools receiving foundation contributions are: I University of Idaho, Idaho State n College, Boise Junior College Ricks College, Northwest Naza-ren7-r of t' College Idaho, College, " & Normal Clark Ltiwis College (Lewiston), University of Utah; Utah State University, Weber Col lege, Westminster College, and College of Southern Utah (Cedar v City). TO) George S. Eccls is Foundation t i. t trustees include president. Other board is affiliated with NAREB. "It looks like there's a good chance real estate investments may at least get equal tax treatment with certain types of security investments," Mr. Heal said. "This could bring about tremend- - Board, predicted Saturday-Mr- . Heal pajnted this bright picture of- - the. sound investments available and the increasingly diversified ways5 of putting money in real property on the basis of local experience plus expert long-ter- m W-MorSI- n t SALES Iim3 - of - YscT i! S 1 i! w f -- " 1 i ft well-know- NO ORDINARY SALE I Compare the quality compare compare the prices ! And most of all . . . compare the selection of General Electric the terms Appliances at A. L DUCKETT Sales and Service. Ifs the largest in Central Utah ! Now's the time to buy during Duckett's Inventory Sale of G-- E Appliances. v . 1st Always with Top Quality " ' (EXAMPLE) 1st with Beautiful 1960 Styling, large selection of styles to fit any home . . . TELEVISION Save $ $ $ on Every set priced for quick delivery. an speciaj low, low prices on all floor models. i Full Year 1 21" GE 3.' WT All Parts Warranty On ' 5 -- .. 5 cyc,e Fi,ter mrn iictari I7J7 V.UJIUIKI i yellow demo. Agent Cited For Month's Record WHITE DEMO. 1 GE AUTO. WASHER 1 WASHER-DRYE- R ' - r 12-F- M 18 FT. DELUXE FREEZER 11-F- T. GE G-- E G-- E 30" 30" G-- E BUILT-I- N MOBILE DIAL FR SAVE SELECTION 03 56 North 2nd West 7 sjlW- pre-shrun- k. I. 1 smart . ES modern . .. La 146. .....2:.-- . ; SS....... Sffl 198w t. 196wt dowers, i ody;:.. "SYMPHONIC " 980 Stereo & 3 ... thrifty stores 105 WEST CENTER, PROVO OPEN MON. NITE Hi-- Fi i ' Phonograph 1595 REDUCED AT MUCH AS 30 up 25 ON G-- E VACUUM CLEAWERS n D0WN-1S- T- PAYMENT MARCH L o?w JL J Don't miss th savings. Values ... Arc Easy to Find In Every Department, Everyday, at KRESS! E?2 Mm ED m M0MEV: Hard-fo-Fin- d CL ,222 37995 ..... X - from taffetized finishes, sateens, chinos, gabardines, In smart prints, and twills, or sailcloth, many beautiful solid colors, perfect for your new spring wardrobe. Thousands of yards f fabrics. PLUMBING & HEATING 'I fabrics. Choose combed-cotto- n " z FINISHES IN A FABULOUS HEATERS ' MAID $16800 WASH fN' WEAR AND CREASE ' LS OVEN ONLY rv t, A 269" ... ...... . AUTOMATIC RANGE . Demonstrator V 4795t. 'ELECTS Dishwasher WV,. YOU WILL SAVE MORI AT DUCKETT'S! DOLLARS 239V3 AUTOMATIC RANGE G-- E yard . I Reg. 329.95 e,,4M.8 RANGE - WATER ! FREEZER G-- E iT :; GAS UST TO LOW - FREEZER DELUXE REFRIGERATOR T. ML Values to WN r 9995 ond 158? Sfe'S CHECK THIS BEAUTY on Uqw Spring Fashion Fabrics e Better TOO ITEMS,. PRICED GE REFRIGERATOR CUSTOM - r RESISTANT 1 AND COMPARE THESE PRICES ANYPLACE MONEY AND GET GREATER VALUE s FOR YOUR 1 '. 2299?,. r.0-..2.- CHECK poairciiia liJSf1" Mr. and Mrs. Wayne Tuttle of 995 S. 500 E Orem, are, the winners of a prize of 35 yards of the carpet of their choice from Taylor's Carpets at 1497 S. Statj, Orem. The couple were one of hundreds of Central Utahns who registered at th : establishment during the contest, held in connection with the recent expansion of Jthe Taylor Carpets facilities. Under terms of the arrangement, the Tuttles 35 yards of carpet will be installed over ruo-bepadding. 3799w5,. Reg. 529.95 1MB u fcYuQl cpeaau Taylor Carpets Awards Prize To Orem Couple 156w, . d nn 3 ... ...... LAUNDRY HOME OTHER MANY 4-- H 4-- H 2699w5, COMBO. DELUXE DRYER G-- E . Reaula r 379.95 , Wil-lar- Regular 379.95 CUSTOM AUTO. DRYER G-- E 269, washe- r- F, 1 w 1960 INTRODUCTORY SAVINGS 1959 BIG DOLLAR SAVINGS h Foundation Awards $12,500 In Scholarships, Grants To 13 Utah, Idaho Colleges $25.00 GOOD USED TV SETS TIL 9 P.M. GENERAL ELECTRIC L UO mm L30 tfViriTT SALES-3rd South and University 266 W. Main St. . & SERVICE PROVO AM. FORK FR 3-80- 50 SK 6-49- 61 X |