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Show I a. ' ' ' ' ' ' . ' .' ' '''' '' .. , , . , - , - , ' ' . - . - - . - , ' , . - '- - RUCS BY A. TRACYi ws - . .. ' :, ' - .. ., '' : - '.; , 2.,., JR:: T., ,.:::L1:::;:.:i'::',:s,,::il::,.::::!,:,,;,::::,:.:li,:..:'.i:':,..,: President of the Salt Lake Real Estate Board If you have given any thought to borrowing mortgage money for the purpose of building, buying, refinancing, improving, or for any other reason, there never was a better time than now to do so, and there may not be 'as, favorable condiLions again in the futüre. Let us consider a few conditions that willI affect the mort- ' - . ' - '' - ' '" : '' ,,... ,,,,,,::,,,.:.::.,,,:.,, :,,--, tr, ..,,:s!':.:', 10 I S. L. a - ..:::i."'',., ' 1 1140:18 :.'" - , ) L.,,Ht . ,,,;- ...,...... ::.,....:: .: , ,' .: '. ''''s :' .. :,,,:,,.. ,:: .,..: ,.',',. '.....-- ., '''''::::::.. i,, .:: ,9.. ::',:1., ,.,, ,. ,,, .9.9.. , ,, .:., ,,, ,, ::': ,' ''' '' , 1 ' - '" "!' ... ,. .1., .:...:'''''''''''': ',i,.' ,:.. .,..:... it ... :, ,,, ' '' '''':'::':' ' . 11 : .. , - ., , .f s, ' :,.:.::i1,:'.:,,''' ,,,,,, 'e , .,... '. '' .,. , '''''''''. .. ,,. .. '' ,.: ...,..,..; ,.:.:...,.. ' :':''. '' :' '.' ..: : , SILVINGS . - -- - -- -- ' I... - - , ' . - ..,Eposlivons - , , 14': - 42, . ' - . . , We welcome and appreciate all savings accounts. Deposits up to $5000.00 draw 2 interest compounded and ore guaranteed -by the Federal Deposit - ' semi-annual- ,, . :- - . Insurance Corporation. L .:--- -- more. ; - --- -- .. ' - - - ---- ----- ---- . - - - Loan - - 8c-Trust-C- - ,, ! 1 d 1 '.,:::::,,:-.:,,,,,- : - : :''',:'Q'. '. Hi ''" - .:-- ,....-i- 5, ' -:- '..;;;;40:.,:-z:1,,,.- .....t.'.... ' 2 ...........- , ., :'F. ,. ',.. i .....3. , .. i., , ... '. ; -- ''' ...,.:::-f!....'- ..i. '' '''''' ,,':'''.... Organized zn1884 tregt SrTePblzc , k,.: Z 1. 1 ,,,, ':" j ,? ,i, i., -: ...,',.l.'l,':,...::;,.",:: '' il :,.........i.,:;...i. 0 :' ',. '' -- 1' A ',, :::, ':' .! ,...:. Y ,,!:- - '''..',.,..:- 1 , ri;; ,......, ....,,,.; "''',.'!''' ... !'',!...,:'': p... :: : ,', li:,... , :::: 10- 1 ovin ,;,':- ..,:.;: '...i.,...'.....,:'..,:;......:.!:: : ;:....! d .r. :1 -: ..:''. -- :..;.l' .,.... ,' 1 :4;:.!'.:::,!1,':.'1-:,...:;--.:,-.2:.::::- ilit .1..y:. , :, ,,...1 j ; ,:.;,..........:::,:::,...,.:i., 1 i .::....::..;..:::::.':...:.:;:.....:......- :i ; Payment 7 , , ,:.,.........!:......:::...:.'...... L...,...:v.,...:,:..........,,..z.,,,,t!...,:. .. ,,, ' BREAKFAST NOOK LARGE The kitchen, which is entered through the dining room is dec. rated in blue and cream. A blue feature strip in the linoleum is repeated In the blue tile edging of the sink and worktable. The'same shade of keep blue is also used in small tile insets of a Dutch scenes, which decorate the walls. The floor covering extends up the walls a distance of six inch- , ::...... '.............. , . - - - New Home Shows Advantage Of Building To Fit Plot. Mr. and Mrs. A. W. Conover' - s new home at 3$4 Eleventh AI enue shows the attractive results of planning the house to fit the natural topography. Constructed on the steep slop e below Eleventh Avenue the Conover home takes advantage of the hillside, rather than being built on piles or st ilts. It snuggles into the hillside as though it had grown there. e, i Economy People,Wito Liveln Glass Dictate Types Of Roofs Houses Get More Light, Air A roof should be considered as an integral unit of the house, , fade antestreak. A shingle long enough to allow for three laps is better than one allowing, but two laps. and the price may run only $15 to $25 on the entire house. TILE LONG LASTING Modern scientific processes have left little room for im in the better grades provement of the asphalt shingles. Rag felt Is used for a base, and over this is poured a layer of ashphalt. The asphalt is pressed into the felt and covered with ground slate or stone. granulated Cheaper grades are made with paper base and. invariably crick, curl or fade: Asbestos shingles are excellent, but cost more than any of the are composition group. They r made of asbestos and either cement or asphalt com pressed under hydraulic pres. its design and shape conforming to and enhancing the general architectural scheme. There are four fundamental types of roofs: flat, gable, hip and gambrel. The flat roof, is as the name signifies. It is in certain types of such as Mexican, or Modern, but is seldom used in the vicinity of Salt Lake. most The gable, which is the common, has two sides running gable ends. up to a ride, leaving The tip roof is one in which - all lour sides come to ora skylights peak or ridge, withfor light. The dormers necessary is the regambrel, or barn roof, sult of a desire to enlarge the attic headroom. by bending out Any the slopes of a gable roof. aldne 'Tiles are usually made of ter. of these roofs may be used ideas ra cotta or burnt clay and come or in combination as your econ.in unglazed red or glazed In of beauty, convenience and c'many colors. The glazed variety omy may dictate. cost more, but in extreme cliSTAIN tklINOMICAL varieties of coverings available - mates last longer because they are impervious to weather. Include. wood. asphalt composi-tin. t zinc, CHOOSE WITH CARE tion, asbestos, tile, slate, Slate is the most costly of rootNearly 85 Is of the wood shingles used today ing materials, but the first cost is l'''' thS last. Most slate roofs demand of wes dea aSouthern cypress, terCalifornia er . a heavier timber-framinthan wood or composition roofs,-bu- t .sTilabnudt eawsetestrenrnwhrietde ceceddaarrarle ,...i there is now on the market a adapted for use: Athin slaterthat--doesn'requir..theixtra supporting timbers. -a- tiiikits oftin,---topperhas a straight, even grain:. splits renthat 'oil' an zinc are used more on public easily, and has to of the ravages ders it immune buildings than homes . although - - sheet copper and copper shingles fungi and insects. are are being used more and more hatually Unstained shingles on residential buildings, less expensive than stained, but. The proper roof is durable, since maintenance cost must be figured in with the original cost economical to maintain, a safe. and since it has been proven guard of the house and a beauti- that stained shingles last, longer ful asset. It should - be chosen. with. cart. ; than unstained ones arid since , -color Is so necessary - for - seem poor tic to use unstained shin- 'Patching Plaster , economy The best way to patch a plast, gles. er crack so that the patch won't Shingled of any color can be a to Open up again or olended with gratifying effects on r - cut out the cracked portion of, any type house, or roofs, of soft greens browns . or plaster, making- your cut wider at the bark. thanat the surface,, reds will ardd,, to the beautyof a sort of wedge. ,so that it can't In selecting a wood shingle be sure the fallput, When putting in the forgood drcining. Flat about an eighth of an inch of or "slash" garin shingles have a surface and allow:W-1surface that will the hard. flint-likfthr.d, -en. Then finish It off. using- II I not absorb and hold color.' .. amoother. I I a tool A cheap stained atingle will as metal rock-fibe- per-cen- Modern trends in structural and decorative home designing, pointing the way for 1940 home. building throughout the nation, are turning the architectural spot- housing projlight on low-coects in many sections of the country. Federal Housing Administration figures indicate that contractors and builders interested in this type of construction will put tip during the current year more than 385,000 new homes of which 55,000 will be in the class. The FHA studies indicate an increasing demand for houses of this low-cotype. The quality of many community housing projects indicates Abet architects and builders are makin every effort to incorporate in eir plans many of the luxury features ,usually found only in houses of the $10,000412,000 class. In this trend toward ',low-cos- t luxury" the outstanding feature, architects say, is the effort to increase the amount of air and light through a general increase In window and door areas in relation to the floor area. are interested in a featured uses-- of number glass which raise these small homes to the "luxury level." These Include a novel ''breakfast bar" with mirrored plate glass patterned-flute- t door, directionally glass windows and sliding , plate cabinet, doors. mirrors in bedrooms, and a glass -p- -- 1 st oe fall-lengt- owderpolft-mirrorInthe - kitchen. . Sliding glass walls and extra wide ..wipdows, combined with ' mirrors large glass plate over living room fireplaces, en. - . . - - FLCtORS NON-SKI- rubber-bas- LONG DISTANCE - --- , Al I 1 vti I. Out SERVICE annual 4e4a11.11-s- t loss ss. zest:Vag.- - - Ziltitt:-.stunt smvice ms plumbing missals. We am at your sorokol Hyland 1017 , 11:11 - - dthe-t- - -- - , , lis,i - , 4 , DUnTOrilZ LUMBER & I Smith State. 2220 . - , ., i , -- - ' , '' - , - -- -, , 1 ' i , - . . ' ' - , . . R I .. .),,... . ' '- - --. -- A -5;,. . - ' - R e al Estate Classt Page ;. - Vans - , 1 ' t, , , ,, :, trizz, 4 ii , 4 .8,, 7,1 OS . !. i , Te..1.-e..,mase,:.414 t,t Ittsw ,,,.,... -- - ,i - ., - ' )OD!R1i waismOttSit LOCAL movnto -- -- - ,- DESERET' ' L. - - - 7- - CLASS :::- - - --- 1- rj t, 1 N I . 1.. -- , , 3,111 , , . Mayflower Wes. ' L. -2 L L. ' , - , .t, t - L'- .. , IFIEDS --. ., ' . , .........----,--------------,--------- .,t t !'''''. r , , NEWS . --, 130,3 ia - . : fly. 11 ' ' "- -' Bite You" my 1 Zisst Broadway 4 -- "Let the Building Bug YOUR-- I '-- - 1111DLEY'S - - I PLUMBING tr.I1EATING : - .7- d - --Aero ------ .1 Sit f - PLUMBING ) An important part plcryed by us, as your daily news - PtiPer, Is securing for you a list of the many fine "a home homesavailableto make your dream-oof your owns become a reality'. There are -fine homes listed daily in the Deseret News. Among find one that meets ,yOur2, myo,u may very well - ' Idea of the perfect home. . Aiross the Continent as cosily as across the Street by using - , New root floors, ' ,,,, , garage, paint, ex tra r oo m s, rte., Pot . yours for a few dol., lam a month at Meath - : MOVE t , :-.'n"a .. lit FASTEST- - - FOR tj---17,!- -- - Kayszt 'Ilw 4;i1; 097 1 , --. 254 ...: $- c:, ..,..000'"-------- - - - . - rl HY. to. I . .'., your home with. out a penny down. Bopp lies all mate. rialpays all labor. DREAMS IINTO - PLikNS ' y '''' f PUT: e M.0VIN9 Budget Building Payments will modernize i LOW A. - .. d -- r 3 ,. ss 1.1.1;;; ;u-- c. OIL ' or Repair large connecting garage and di 1Atill paint combined with an abrasive has -' 1 to make hid- floors. to conIt is applied by crete or wood and can be used over old paint that's in sound condition. It comes in four colors:' is even -when wet or. A To 116rriodet 01110.1011WMOOMO e.conomie value 'of home construction as a stimulant to general business recovery is apparent in, the fact that 41 cents of every building dollar creates jobs for workmen "on the scene" and a considerable portion of the 59 cents spent for materials pays wages of other workers in mills, quarries and factories. ' -- , - two-ca- 0., - iiALbflCWITh The entrance between the Home Construction Helps Create Jobs . - --- 0 55,000-S6,00- large the appearance of rooms and reflect into them wide vistas of the outdoors. Glass is being used in the bathroom in the form of vitrolite structural glass wains. , coting. Reports fro m builders and contractors all over the country are reflecting a trend On the part of architects to specify larger uses of glass for houses of all types and designs to meet the added demand for increased luxury and livability at ,low cost. tjkti , es, where the edge Is covered with chromium strips.--Thjoining between floor and walls and in corners is rounded for easier cleaning. The kitchen has a large closet set in one wail, while the oth. et, three walls are lined with and drawer space. The breakfast nook, which adjoins the kitchen, is much larger than the average. It is also trimmed in blue an is floored with lin. oleum of the same pattern as that used in the kitchen. The large view windows in the breakfast nook, like all other windows of the house, fitted with Venetian blinds and inside screens. Ideas-Of-Beaut-y, e tt , 'i .,....!?044,ilk,-,,k- solid-colo- , 151 South , ''.''':';;;';444.',:2,,bt4.,',.A'''',4 '..'...,: fall-out-l- o; : . ..,, 2,...7, L.... an-art- . - . . 1"...:'''...- , - Your account may be opened with $1.00 or . .' , , 4 i!,Pl i.,...0,, - , - ' ' , ',: - ly , '''''"-.'"- , - ,. -. n - ----- --- -- ''''':-....'''''- ..i: e - .. - . --, -, k.,:r .; ' g - .. .': .' .., and-coppe- r. . 7, it' ,:', 1.. - , :::,, New Story House Features Latest , .: tla!4 , - ,' ..,....: ..., , - h iwt, ,, . ..... five-roo- - '' ' ...., .4--::'--- ::..:,:.,:1-i:i,:...,,:,...:..::- .. Mallory-Beardsha- I ' I -- ' , Alders-Wallac- , , , ,, .,. i' .''''' ..;: '''' i- .. T '' .1,- - ..., ,'","..:.:-:'7- l'. six-roo- .0 , In Floor Coverings, Lighting . , s" ..... .,,... - five-roo- s t - , . ,,.., , :' ''':; :.,,...,..,......,, .... -' , six-roo- for-roo- . .11., :,:,:':':;7.'" ':',.:::;!' ...., ,, ' Alders-Wallac- - ,- , The new home of Mr. and Mrs. A. W, Conover at 354 Ele.A.-.);''''': .;,..' ,,:. r,: T-..,.. , . ,.. Avenue illustrates the latest and most decorative style of venth ' ,: s''::,';'''li''': ' , .., ' .... ''''. ::: ...., :' :::".:,:i ' s'', ' 1 :"''':',,,,,",,", '',,:',:is"' .: :,'' :".: '',I. ' !,......., .,:.:;.::..:: home construction on the avellues, where the majority of the ',:.". ' , ' ",', ';,',, ', ..:s.'4,:.',: s., ':'''; -'1':"..:;',': ::' : .::,.: ,.,,. ''''' ''''''': .. .- , .', '' ,:: :'',1 s .... ::::,::, 4 ': v. ..,:'. .., :..;,,, ....,,,,,,;,,.:.:. ,,,,:,,: , , .,,,,,,,,r,,,.4-0-"'"'''''''..building lots are located oft the steep slopes of the northern part .:,',...A, - '' .4, :'e'.',, ". :,4,i,lr,-;-; ,,,, ,:':, ,:t ,., . ', ',., ..., :, ..,..:, ,: , ,of the 1 , :. :::, ctly. , :...,:, :::.,::. ..' ' ''1. ,r',,,.IN ...:,...., house is laced in the break, :,';:,;,:i''"!::z,',.1::!',J::::11;:i',:: ' :,..:',:: ::::: :,.:,.4..........,.,,,,.:...,,..:..,,:....,7.:,,,:,:,.: Built on two levels; the house the 44' 4..'"4,(4 !I :, I ' ,i ;40 ''!: room; k9,:,4.... ' fast .i.,;,,....,:,.:,::,..,r...,,,.,,,......e..::,.....: : I :2 ,....,i - J.,:....,:, ': "' ' from the street, to be a ::,..,A,,,,,,,.., appears :', 1,1 .: t, ...,,:..,.,: , t: '''' The , upstairs bedroom, which '' '''':,,,: ::, one-sti-1 14 bungalow. The rear , , '4 t.if-....,,,ii,,- ....,: an adjoining both, is trim-- . ,,:"' las ,,:,:.',:",.::::::: :: ,.. 1,9 .4. .. , is of . 4': the :', .:,... house, however, part ,..,,,. l'''',',',2:::4":' d !,,i'.:::,.,,:::,,,,.,:::::::',,,,,:.:;-,,' ', .....,,i ':' .: ' two stories high. In fact, the en. ftaeanLrAes large (lawn tem' : '. d ,.....,:,....: the .. i':,A:,,::::..,,,4...... .. tire house is two stories high.; 1 --'- '' is the only bed. lc :'' in the the lower story 11,drid otanwIn ,:' :1,,,,, although v .. .' -, ... ontlilse ttiop mentr 1:',',:, ,,.. ::. .4, -..,, in '4',.. ,, , ., ,, s':',,;:::,,,:::.: A 0, , large, circular . iforroi:ittedenintrathneceupolf3eortuhseeetritsi:ub:selowis,: ,...,. -..-, .. , frosted. glass. opens, ,"...;: .,1.''.. , Into room. the Indirect lighting' , , fixtures on either side of : the ,,:::,,,"I home is The recently-finishe''':" ,, are mirror ':',.. placed for maximum. 1::..1 entered by a front door seerteitntoe , ' ' .. Illumination of the entire roortL "I, 7 .,,,,..0,0 -, e wh ,.., of 4 the house ii.,.. anling The hallway, which runs tha . . .::,...,,,,,,,.;:i......, offset An entranct-- h ..,;T: ';'71:7::::: ,s.,':,....,:..,.. .0 7-the houseopaellnPI rear of the the Into, :'.,..z:''',:.:" stairs level is fitted with several ,..; room and the the house, ', living 'h'",,!: closets and tiers of drawers. :.; :.'j:"ri,'''i , ;,...... ' stairway which gives onto ; thv :2, The stairway to the lower lei , .., , '''''''''''""P'".. A.; . ,:..;,L,:.,,,.'"?..r...1.41.,mi... :'. '''''' l'...' '''. '.. .....'i. ' 4: .. 4. downstairs .4c portion. St' '' 1 ... Lthe house is lighted by. a The large 1living room features ,i..,g...4mek,s1t.oit.. corner casement window, which a corner view window which is ,,,.,,,,k,,,,,,14;!',':':',...'::::,:'..,''...f ':' placed high enough to over Lake Salt southward ::....:. opens inate the entire stairwell. The ,,-,' '.-- : ;',':"...:'...,.;.:..A..:04,..:,',:';',.:,;',!,,.';',,'.:'::1-:''.and westward over the State stairway enters into a hail on Capitol and Great Salt Lake. A the lower level, which is the - marble- - fireplaoe framed pinkcounterpart of the hall above. It is columns fluted white, ,. in , opens into a large playroom pan. bracketed by two large casei ; ." ':" i: , , :, sled in knotty pine, into the windows inside ment fitted with 4 ...,:: .1 two downstairs bedrooms, .... the , ., 4:4 1':', '''' ' screens. have The windows ... .... downstairs bathroom, the stor.1 ...'. ' k f pressed stone sills. r:,:?-'" :. age room, and the laundry and COLONIAL 0 ,: , , FURNISHED ' :' furnace rooms '4 ,,,r,.-,....:.:,....:.., ... :i. I 1....1 ! '''' In keeping with the latest dec. ,,...;4:,..,:;......,,,,,;.,...,., LIGHTS FLUSH SET :'T 1. , , for orative lighting programs ' ,,..., , '?. The 1 playroom is furnished 1 A 1.i!,...::::::::41:::::::.i3::.:::::!....p:,;:.::-...:::,..-1;,...j modern Conover the the ' house, : ,: i i tile fireplace, which is set ri::'''',;:;;;;:iHr:........'........!..residence has neither drop lights with s'I'' flush with the wall so that there .:...;....':,.777...!7.7..7.:77.":71.', ,,. t the wall in fixtures or !,,..f.,,,-...,..' living ,, ,',!.. Is no projecting mantel. Otto .:. ''''4'?-....;.,. ,... toorp, all illurnination being sup. posite the 1.,A1 ':'',.:H 4, .,:',,- ..''': !.;:;',.i fire place is a large ::,:,:-, 4' ,;.....,,,,,,,ti, , '','L.:i floor ' and table '.'!:.::,. by , :',.; plied lamps. ,':',) double door, which is framed in H'f ' 1 :',. ',,:. I i ,' II. ; l . Paper on ceiling and ails is '':::! '.:1 ' ,. i',. i, glass panels, opening into the , 44 ,;,.. ,...;.,:. 7!...," i ,., same r,:. of the and :',color, design, , ,,...,,.... i';,' 4:-;';::''.1 garden in the rear of the house,. 1:;'-to the room a spaciousgiving 4 ness and airiness to match the i',4''?'1'' i :1,:....:.,, :,.............,,::::,:. ....i sts , . spreading scene viewed from the windows. The room furnished in mommotactnnitstir-:",:,:.::, ,,,,:..,,,,::::::::::. i;.,...,,,,.,,:::::::.......,:,... i: .,. :::::::. ,:i:, ,!...,,..,...,,,,.,4 .., ; an early Colonial style, is car. , :::.:, .. f',! , peted in a light grey tone carry. I .'1. " i... ,:: A ing a small brown design. , ,:.:".:.,...::::: ....::......,.....,.:::::::,;'':..,.,1'.7.17.;':;'::;;.j.........''.14'.4.....':;::;',;:::','.':..:4 i',.!., ....,..,..,, large built-in- . bookcase Is located .. , , ' ..., 1. ', the hall between in the :'.;:. space , ;! , :',......:1::;.,:.'....;;.....,.,,.....,7::...,. ' 3 ! entrance and the square-toppe..,. , - ... i ,i; '; o 'I ..4' ' ', " ,....,..,...,,,.. '! t entry Into the dining room. 'il '''' ; - ''''''' , :'..i..::::::'''':,:::'"-::::' The dinning room is so con, 4:i..,,..,,,,,,,,, ::::,::,,,:--,.i:,:.;: , nected with the living room that, ...i .:i ,,,..1.,...: I 4 it may be made into an int. :,..:...!1.:.'zi I ;I, f .'..";;.,:.::: .j. ......:, ;,.,,.' gal part in case of entertainment 1 i!.1 c ',.,i,, ,' ' Paper on ceiling and walls , :4.- , t ' :....,::!.......;..i....,;;;,..iert.......; matches that of the living room , . ... ...::41.?..5;t:::'4' and the carpeting motif of the .,.. , :,f.k,.... ;. i:.;.:,...::,..,,.1'.:......i.z,..-...,,...(e..::::4,....:,,3or....,-".f,::i ' ..2:1,1.... : r. Jiving room is carried Into the i 1 ! t. dining room. A large crystal and ,...1 i. ...,... ' ''.'?. .... brass droplight furnishes the il i ILI; .' ...,..Jc,......: , lumination for the dining room. .. ,,:: two-stor- -- , Conover Home lu.Hsttaates---' Building On Steep Slope ,,..;.:.:.:,:: .:.,,,.:,,. '::::.,'"';''':''.:::.'::: .,9. z... ,,:-,- ::::,:.::: -- S ....' , 1 s :;-- ,.., Real estate sales in Salt Lake this week 1111. reported by "local "realtors were.- featured by the transfer of a building by the American Housing Corporation and a combined home and store unit by the Utah Realty Company. The American Housing Corbrick poration sold the apartment building to Charles K. Bithell for William A. Dawson. Containing four apartments, the building is situated at Sixth East Street. The home and store combination unit, which was sold by the Utah Realty Company, is situated at 1667 Beck Street. Containmodern home, a ing a store and equipment, the building was sold to Ray L. Rasmussen by Richard W. Walker. Other sales were: Alders-Wallac- ;., ... : .., ; :.i::!js:.: - Alders-Wallaoe- s, ,,,,, ". ; ,k..:.: five-roo- g ,::, .., ,..'.,..,-- '''''.:: 705-70- 9 s , ,';".,,E1::,: :E...?:-'- more supply than demand, moninvest. ey coming from Other ments that normally would be invested in commercial enterprises, industrial expansion, new business, even foreign invest- ments, all fields which have been closed or have proven unattractive. Another reason has been government regulation in an effort SIX ROOMS-1- 020 Yale Ave. to stimulate building. With the flue, W. C. Bowdidge to S. N. present program of rearament,Monty. Mallory Beardshall Realwith the necessary stimulation of ty Company; 463 Douglas Street, be other industries, there will Madge Christensen and others to a lesser probability of continued Laverne C. Bane, Toronto and stimulation of building industry Company; 395 Vine Street, Murthan in the past. ray, brick cottage and lot, Jane E. Schwan to William C. SampThe second condition, which t son. Iis closely linked with interest FIVE ROOMS-1- 083 Denver rates, is the mortgage money available. Again with the need Street, HOLC to O. D. Brown, 1544 Corporation; Woodbury for money in other basic indusWestminster Avenue, new. white tries connected with the present frame colonial, rearmament program, there will 841 Inc., for David E. Sanders; be a flow of money to other Sherman Avenue, brick, HOLC Investments. If the government to Carl F. Healy, American Houscontinues to operate as in ,tha ing Corporation; 1347 South Eminew will not all its it raise past, gration, for sale, Best Homes; taxes at once, by expenditures 148 Whitlock Avenue, D. L. Kidd but will continue to borrow for to N. H. Reid, Bitner Realty purposes of defense. This will Street; Company; 148 Gregson be a big item in the near future. HOLC to H. C. Miller, Woodbury Third, there is reason to beCorporation. lieve that material cost will go FOUR ROOMS-1- 720 Eight East up rather than down, because Street, frame cottage, Mark God- the most expensive materials in to Alta Drown, Hillman frey a house are basic raw materials, 955 East SevRealty Company; such as iron, steel, copper, ceenth South Street, Joseph A. ment and lumber, for which Shipley to Ellis Rishston, there will be an increasing deInc. mand in other industries and as LOTS SOLD AND HOMES TO war materials. BE BUILTVacant lot sold by Inc., to P. LeRoy Fourth, appraisals and sales McMillan for Carl D. Hardy, will values have been building up to a high point from which there build home; vacant lot, Twelfth-East and Herbert----Ave-will certainly be a decline with value. a resulting lower loan ntie, D. V. Reeves to Elva L. Cothome, It is natural that under the past terell, will build Inc.; five rooms, and present highly competitive 5900 South State Street for Jacob conditions, mortgage loaning J. Widmer by with an excessof money to loan and the lowest interest rates in Realty Company; South Twenty-seventframe, our history, together with a and Lake Streets, to be built for market of rising real estate valLyle O. Porter by ssiesp that larger loans on higher ' shall Realty Company: appraisals are being made now to be built for Albert frame, than would be under other conStange at Williams Avenue and ditions. This trend will reach East Second Street, Mallory a peak and the cycle will most Beardshall Realty Company; Y4 probably again operate as in the acre tract In Holliday, Heber J. past. Sears Investment Company to Dr. Then, too, millions of indusS. S. Kunz, Keyser Realty trial workers, persons employed retail stores, and the lower. in workers salaried white collar whose annual income is in the Antique Furniture have $1,200 to $1,800 bracket, To antique your furniture get a form of varnish called "glaze," long desired to own homes which would entail a cost not exceedthat is tinted brown, gold or gray, as you prefer. Paint this on the ing $4,000 and which would not -place too great a financial burfurniture and, while it is still wet, cloth. den upon them. These workers wipe it off with lintless can now afford to own their own The glaze will be left in the carv ,homes and can finance them by ings and moldings;--Ind-the--ti' means of private- capital. will be slightly noticeable on the Residential contracts in April flat surface. totaled $135,4'20,000, the highest same Ocpared with 22,122 for the of figure for any month since 24 tober. 1929. Residential contracts month In 1939, an increase 4or the month showed a gain per cent over the same month a year ago Therefore, it is my conclusion of 18 per cent. There were 27,- and opinion that there never was con-418 dwelling units under a more favorable time to make ,; a mortgage loan than right now. struction during April as corn 4 .::::,:::,,,,:,:::.:..:1,;:ii .,,, .. '':!:,-.:::::::,,::- -- - cies. We may well have hit Mr. Tracy the bottom of this cycle and there will be the natural ,improvement expected. There have been several reasons for these lowered interest rates; -- - , ,, ,: .. t:,',,:,:..:.:.::,::::,.::,:: Realty Sales Listed - i,:."71 :' - - , ,.. :'', ,..::.,::.;r:,,?...'s .. .. .. We all know that we have been going 'through an ex. tended period, of easy money .,.... with,. a cot-1lowered uing trend in inter-est. rates. The history of this sort of thing has been in cy- - ' , , ' First, interest rates will probably not go lower, but on the contrary, may tend to rise. A national survey on this question, conducted last month by one of the country's largest banks showed this to be the opinion of the majority of bankeri throughout the country. ' ' .....; .::::',, 4- :;,,',"'!'!;:,;..,!?': ,'::-- ,, ,,::::,.. rmarl I :::!',.::,:1::H,:i:,:-is',,,.::::j- . gage situation. While it may seem as impossible to forecast th'e future mortgage money market as it is to forecast' future ennomic conditions, it is possible to see certain Indications, and to 1 affect that analyze 'present conditions, which will undoubtedly - i';.., '. Vice ' 5 oans - , , , , , . ' ,. . ..2,.,,,A.,v,4,..,,,,,,,,,-,,,'Ml,,-,"-'c,',:-- Survey Indicates Interest ltatestMay Not Drop Lower .' -- , - , ' . ., , ' ' Make Mortgage , - : . . , - , , , . , '... . Conditions Seen FavOrable ,, .77.. . cOMEIIIIMEMMIMIEMMINIIMMmMmmmmm - .... 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