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56 WILMETTE LIFE Second Mortgage Rates Two Car Garages Reduced by Repubtic Co. Economical Plan Faacliaa 8 Construction Reduction in second mortgage rates is announced by Republic R e a 1t y Mortgage Corporation. It is the fifth time in six years that this Corporation has taken similar action. As a result it is claimed that millions of dollars have ·been ·saved borrowers in this vicinity. It has been the announced policy from the outset to lend at lowest cost, passing on to the · borrower the benefits of large volume, sound finance and efficient operation. In connection with the new schedule of rates the Corporation announces that it will accept loans of longer maturity. While formerly three years was the maximum term for which second mortgage loans were usually made, the new schedule provides for four and five year loans as well. I ' in the Suburbs Suburban developments in the last few years have contributed vastly to the recognition of the one and two car garage as an accepted feature :n the home building program. Indeed, the two car garage appears to be markedly on the increas~. and where once it was the exception, to be found ~nly in connection with a cos~lh hom~, tt ts ?OW fr~quently seen wtt moderate pnced restdences. . . ¥ore an~, m~re men s~em - to he usmg the car . for busu~es.., purP?Ses, and the wtf~ and chtldren are g1ven a .car for .thetr own use.. Even tf a fam1ly does not feel ready to afford two cars at the time the · b. 'It t .0 car garage is an garage IS ~ 1 · a '\! t of it rna in eco~o~ly,t for on~ P:~sily rented y, mos ms ances, e · BUILDING ACI'IVITIES OF U. S. HOLDING UP WEll Reporta for Firat Half Year Show $Z,06S,Z02,908, Only Z Percent Le ...._ __ Sam p ·od of 1927 u ·IUI;D _e_ en The beginning of the last half of the year finds building activities throughout the country about on a par with those of a year ago, according to reports made by S. W. Straus & Co. from the 541 principal cities and towns . of the country located in the fortyeight states. These showed b.uilding ermits and plans filed for the half ~ear of $2,065,202,908 compared with $2 103 324 264 a lost of slightly less than ' ' ' ' twlo ~ercentb. b d th t th t 1s · to e remem ere a ese figures cover approximately 80 percent of building operations within the limits of all incorporated cities and towns in the forty-eight states. They do not include cost of road building, construction of subways, bridges or other major engineering projects. They pevtain to buildings only and are to be taken as an index of activities which will be under way within the next few months rather . than records of money that already has been spent. New York Ia Pace-Setter The twenty-five cities leading the list m building prospects submitted much more favorable reports than did the other places. For the first half of the year, these places issued building permits amounting to $1,285,744,471 compared with $1,229,630,024 last year, a gain of five percent. The figure s fo r June were: 1928, . $228,021 ,213; 1927, $209,238,744. This is a gain of nine per cent. New York City continued to run far ahead of any other city in the countn·. The titantic activities in New York, in fact, were 111 large measure r esponsible for the excellent showin g made by the twenty-five city group for the half year. Chicago, Detroit , Los Angeles, Newark , San Francisco, Milwaukee, Portland, Ore ., Buffal o and Indianapolis showed substantial losses while sizable gains were recorded in Boston, Cleveland, Pittsburgh, Seattle, Yonkers, St. Louis, Baltimore, Hou ston, Cincinnati, Atlanta and Albany. Philadelphia, Washington, Oakland a1~d Birmingham revealed conditions not greatly at vanance with those last year. Twenty-five Leading Cities The twenty-five leading cities reporting the largest volume of permits for the first half of 1928 and comparisons follow : I LOANS I = OD REsiDENCEs APARTMENTS BUSINESS PROPERTIES DESIRABLE VACANT I 1 i ! us COMMISSION WITHOUT Lo Aft Baird & Warner A Suiaf«tory rate· can alway· be arttJnged. . INC. . i ~ 528 Davis St., Evanston Greenleaf 18 55 Briargate i!auJIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIUIIIIIIIIIIIIIIIIIIIIIIUIIIIIIIIIIIIIIII The elimination of the old fashioned bother of inside keys is a never failing comfort. It is pleasant to be able Jolm Haacock Mataal Ufe laaar· · to lock one's door simply without a aace Compaar key, merely by the act of shutting it; .A. D. LANGWORTHY, Loaa .Ateat and unlocking it automatically by a Ill W. Adami 8t., c·te..o turn of the inner lock. Oa Detlralt1e Bomet aa4 .Atal'bleat BalldiDII . i~ LET US SUPPLY THE FUNDS FOR YOUR HOME Don't put off building your home because you feel you haven't th~ necessary funds. We have helped build many homes. Let us help with yours. Or if funds for refinancing are worrying you, come in and talk with us. We have money to loan for construction or on improved Evanston and North Shore property at 5 Y2% and 6% on first mortgages. Prompt attention is given to all personal and telephone inquiries. · REAL ESTATE LOAN DEPARTMENT A. K. SCHEIDENHELM, M tmG9" STATE BANK and TRUST COMPANY · Orrington at Da~ Evanston, Illinois CHICAGO PHONE First Half First Half 1928 1927 New York (P. F.) $561,395,247 $493,315,695 Chicago 130,900,050 202,841,050 Detroit 65 175 361 78,742,327 Philadelphia 62:744:085 61,511,450 Los Angeles 52,002,570 58,192,977 Boston (P. F.) 27,671,349 24,252,536 Cleveland 27.574,725 19,827,825 Pitt~burgh 24,652,875 17,952,156 Seattle 23,389,825 16,447,910 Washington 22,548,990 21,141,650 Yonkerl'l 22,019,361 15,441,794 St. Louis 21,562,051 15,468,713 NP.wark 20,318,896 27,410,835 Baltimore 19.463,940 13,697,300 San Francisco 18,926,982 24,270,531 Houston 18,695,541 14,548,052 Milwaukee 18,242,407 24,957,826 Cincinnati 16,849,000 14,834,258 Atlanta 12,413,193 6,419,491 Portland 12,240.640 20.129,115 Buffalo 12,196,081 14,396,345 Oftkland 11,526.852 11,122,351 TndianapoliR 11.379.130 14,074,455 Birmingham 11,249,141 11,439,859 Albany 10,606,179 7,193,523 .. f laiAI.GATB 5000 EVANSTON PHONE GREENLEAF 5oeo WILMETIE PHoNE 3100 WILMETTE $1,285,744.471 $1,229,630,024 P. F. indicates plans filed. Have funds to loan on cholee lmDroved North Shore Suburban resIdence propert,. at 5% " tntereat. See us on renewala. SJ6" MONEY E. G. Pauling & Co. Main IZSI 5 N. LaSalle St.