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TILPIONDAVIS 2213 COONLEY' MORTGAGE SANKING 1580 Sh.iMen Avenue Evwute NO COMMISSION 41/29/6-INTERESTr arees. Evatau*nad North Shore. Semi-aauual iterest p.yuuents. iN. U wSele St., Chicago Central 0227 15,71 She.rman Ave.. Evanston Distributors of H4art and Timicen Sulent Automatic Equipmefti the Hercules Lif e Insurance company to 'William E. Fisher, Iocated as fol- lows: 3925-33 North Keeler. avenue-24 apartment; Nortbeast corner Grace and RAokeby-18 apartmet;> SoIfth- west corner Arthur anid Hoyne-12. apartinent; 6331-33 Ridge avenue--6 apartment; 6337-39 Ridge avenue- 6 apartmept; 7010-12 Clydle avente-4 apartient. There werç, six, separate, 10-year, 5%mortgages made aggregating $»50'000. Laurence V. Meyçe.ing- ofRath>e Hinckley, Barný,rd, Kulp and Tjacker handled legal details for the pur-7 chaser. The brokers were -Paul-A. Finley for the Hercules Life Insurance conl- Truman Redield to Buiki New Residence ini GIeiuoo The one building permit issued in Glencoe during the firît week oi February was for a new residencc ORGANIZE NEW FIRM Gerald A. Parsons, forrnerlv W. G. Ruggles and company, E ton, announces bis association Parsons Mortgage and Loan pany, 1167 WTlmette avenue, Federal Home Loan Bank of Chi- caoat the Palmer, House this Fri- day. Approximately 300 representa- twe ofthebanik'simember savings, building and boan, associations in Ilii- nois and Wiscosin are ýexpected to attend. The Washington officiai will speak on-the operations'and progress ofthe Federal Home. L'oan, Bank Systein. in which the Chicago unit.is the largest of twelve regional instituti 'ons.- A. R, Gardner, president'of the Chicago bank, will make bis, annuial, report, revlewing 1936 activities of the Bank by which the bomee mort- gage resources Jn som e 200 cities in the' two states we re increased., by $21 .794,0 1. This will be the fourth annulal -getý- together of the stockbolding associa- tions which opwt 19..per cent of the total capital stock of the ba k, the~ balance being owned by the federal goveriment. There are 476 associa- tions in the membership at the pres- ent time. with assets of $349,146,396. including the First Federal Savings and Loan association of Wilmette. New Home to Be Buit on Linden Avenue Property In connection with this pernmit Mr. with Wolffstated for the information of residents of that nart. of the village, vans- that MNr. Meyer had also takèn out coin- a permit for the wrecking of the bVl ouse which now stands on the rear gage of the lot on wvhich the new bouse. deais is to be built. His agreement 'with and the village is tbat the old bouse is to b e.re moYed. before the new one is surance- by the ilederej Housiniz A- ministratiori 1074 per cent. during 1936, accordirig to a, report recently issued by.Stewart Mctonald.. Federal Housing AdmninistratOr. "In filnncing home mortgages, in 1Illinois,* these associations .had* S 35 bans totalling $2,303,500 accepted for inisurance through,,Decemtber 31, 1936 as compareid>with a total of 39 mort- gamges accepted >as of D!ecember .31, 1935 amnou ntiflg to $196,200,"- said Mr. McDonald. Reflcti New WorIk Evidence. of newy construction ac- tivity was s hown in the statement by the fact that 28, per cent of the associations' volume of mortgages accepted for insurance since the in- ception of the Federal Housinz Ad-' ministration was advanced for the cosrcti fn4se4w homes.Thisyep- resented the purchase of 118 mod- erate-priced homes which will be debt-free in a period of twenty, years or less ihrough the medium of small monthly mo rtgage amortizatiori pay- ments. A volume~ of $643,300 in mortgages accepted for insurance through these associations for this type of financing was revealed by the report. - - ing mortgagies. LI In lnlIg LiIc mortgage burden of 417 home own- ers, the associations h-ave placed a volume of $1,660,200 in nxortgages ac- cepted for insurance on a low cost amnortization basis which is Payable like rent. "This splendid cooperation by the Illinois associations," .said Mr. Nic- Dold,~k "contributed to a 313 per ItVUN, TACOES',1 owmr ment; a pinie panelld tU([iuY, ana .'.'.Lngersi, wIIU1 is mking ltera- flagstone terrace opening off the liv- tions in the interior of his residence, ing rom. The home is of Lannon at 151. Meadow lane. The estimated stone exterior. cost is. $3,700.