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Show Page 10b The Enterprise Review , August 11, 1976 High but Stable Utah Machine Tools 3240 South 11th East Salt Lake City, Utah 84106 Phone (801) 486-355- 1 SPECIALS Lathes I J&L Ram Turret 5 1953, was $6900. . .now. $4900.00 Reed Prentice 20" x 108 with taper, was $3950 . .now. . $2995.00 Lodge & Shipley 36 x 78, needs work, was $9000. .now. . $5500.00 Mills: Summit vertical 10 x 24, 2hp, was $1525, now. XLO 602 Vertical 10 x 48 table, was $5980, now Sunstrand Duplex 10 x 50, 2 heads, was $4950, now. . . . $1295.00 $4980.00 $3500.00 D rills : 1974 14 spindle 26 drill press, geared lead. . . $3200.00 Baker Bros. 26, 5 mst, geared head, production Table. . . . $1995.00 OOYA Radial, 4 arm x 13 column, all power, new. . . . $12,950.00 Saws: Everett 18 abrasive $600.00 7.5hp, 1975.... Wells 9 x 16 horz. saw, model 8M, new price $1394--sav. . $695.00 Peerless 11 x 11 fully automatic, 27' feed table, new price $17,000 save $6000.00 cut-of- Mortgage rates for apartments and commercial construction have leveled off at the high rates of the past couple months, according to Advance Mortgage Corporation. There has been a slight stiffening in rates for apartments and for commercial projects not backed by tenant credit but the movement was too small to affect the monthly benchmarks. A significant new factor, f. e. She ars : Pexto Hyd. shear 52 x 16ga fully tooled new. $2450.00 Hercules all american, Big 12 x 12 cap., new $31,900.00 Brakes: Static Rates Prevail ChicagoIafBrake,8xl4ga.newprice $2400.00 $1295.00 Wisconsin Press Brake 12 x 100 ton, 5 yr. warranty, new. .$14,950.00 -- save. Grinders: Brown & Sharp automatic 6 x 18, electro mag. chuck. . 3400.00 Complete warehouse full of machine tools - phone for a stock list All sizes and types. Sell Liquidate says Philip H. Kozloff, Advance Mortgage vice president-income loan, is a weakening interest in apartment and commercial mortgages on the part of thrift institutions. This reflects the very strong demand in the single-famil- y mortgage market and recent slowdown in savings flows. In June, savings and loans closed a record $8.2 billion in mortgages nearly 90 percent of it singlefamily though savings flows were $2 billion less than a year ago. and loans in some regions, Kozloff says, are pricing themselves out of the apartment market. California s & Is are in the market Savings for loans on existing properties but they are so bogged loan applications there are long delays in apartment loan apdown with single-famil- y number of indications of an We eventual downtrend. dont see those indications any more, he said. Benchmark Rates provals. Standards for income mortgage approval remain strict and lenders are especially cautious in areas which have experienced recent building booms. 9-1- insurance companies are virtually the only institutions willing to make mortgages on new apartments or new com- mercial construction that does not have strong tenant-credbacking and not even all life companies remain in the market. The life company mortgage rates and availability tend to fluctuate in sympathy it bond market. Kozloff sees few omens that mortgages will resume the downward trend that prevailed through the first third of this year. Last month and two months ago, when income mortgage rates were just starting to climb to their present level, there were a -12, 9-1- loan-to-val- ue York. your business moving, the Review can help. If you're running a business, you cant afford to be uninformed. The more familiar you are with your total business environment, the better able youll be to take, advantage of its opportunities. Because the Review is a specialized publication, we can provide our readers with the most complete, accurate, and diverse reports about the Utah business scene. Growth centers, sales tips, retailing information, advertising analyses, real estate, finance, investment opportunities, industry trends, legislation, management problems (and solutions) and more. Its all in the Utah Enterprise Review each week. Utah business is on the move. Move with it. SUBSCRIBE TODAY J21 nlL 2 Yes, please send me the Utah Enterprise Review. Enclosed is an $24.00 check to cover my one-yesubscription. P.O. Box 11778, Salt Lake City, Utah 84147. I-JlP- i--1 ar Name Company Name. Address City .State. Zip 9-3- 9-1- KEEP IT MOVING! (you ly benchmark rate for apartment - 4 mortgages was 2 unchanged from last month. in the It was a firm 2 two previous months. Its benchmark rate for projects secured by strong tenant credit was 4 the same as last in month. It was 9 - 4 April and May. The benchmark rates represent Advance Mortgages best judgment of typical current rates for typical mortgages on new construction from the institutional investors now in the market. Rates and conditions for individual loans may vary up or down from the benchmarks depending on such factors as region, location, size, delivery date, tenant credits and lease terms, ratio, etc. Advance Mortgage Corporation, the nations second largest mortgage banker, is a subsidiary of Citicorp, New MORTGAGE RATES If you want to keep end-of-Ju- 9-1- In many areas of the country, Kozloff reports, life with the corporate Advance's These rates were obtained by telephone conversation with the above institutions. 'The rates are correct to the best of our knowledge but their accuracy cannot be guaranteed. -9- |