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Simple Type of' Mortgage Loan Nowv-A vailable Owners of north shoreproperty that is Modern, -well-maintained and well- Iocated, or persons whp desire to buy or, build their> homes, are,.eligible applicants for. one of the most advan- tageous and simple types of mortgage Iban available today. This was- made possible hlot long ago by one of the countrys strongest isurance firms- the Prudenitial - 7through its selectione of Smart and .Golee, Inc., 1564 Sherman, avenue,, Evanston, to act, for property, owners. Anew outiet, was created thereb in this territory for mortgage loansand Smart and Gole .was placed in a £ position to be of assistance to property owners in the refinancing of expiring Kortgages or the execution of new ones. Uniform installments on twenty- year. mortgage boans, with the first monthly payment as moderate as the Iast, are a feature of the plan. Loans cati be anortized at 5/2 to 1 per cent monthly. To the prospective borrower this means: That, the funds in bis or ber. bauds are subject to a minimum of am~ortization obligations f rom the out- set, and conserved for a maximum of profitable usefulness. Instead of in- Suggest Method to Liquefy Mortgages Legislative action by the present Congress is urgently needed to cor- rect inherent weakness in the Nation- al Housing Act if that Act and the other great steps already taken by the Federal Goverument in the mort- gage and housirig field are to secure 0& pue29 Baird & Warner1 Report Activity Baird and -Warner, nôrth shore realtors, report that the sale of prop- erty the latterpart of 1934 cointinued actively.: The organization sold ap- proximately 40 per cent more than was sold in 1933. The greater portion of Sales for tbe year was in the sub- urban areas. ."Present indications. make us feel very optimistic for thé first'half of 1935. We. believe that there will be> a steady increase in. the purchase - àf property," 'ýStates .Stewart -B. Mat- thews, vice-president in charge of sales. The Sinclair Refining company has recèntly acquired -titie to the south- west -corner. of Center: and, Brier streets, Winnetka, front the Lakeview Trust and Savings bank as trustees. A modern service station will be were the onily brokers in the trans- " action. Legal details were handled t by Carl Croninger, 135 Soutb LaSalle Street. SMr. and Mrs. Gilbert Gross have just completed negotiations for the T. sale of tbeir home witb J. Sam Laf- lie ferty. Mr. Lafferty is president of the Great Lakes Construction company, ai The property is au attractive two, Bi story Englisb home contaiing~ ten hall t uthe purLIIaser, anau ý. A. tpcrn, acting on behaîf of the seller. Max H. Hurd Buys Barrington Estate In one of the largest .estate trans- actions of recent years* the beautiful 315-acre scenic estate in Lake couuty north of Barringtori, known.as Blar-' Aandia ngle-nooic, and adajoining b and bath. It is situated oaver tht trance-way to the courtyard. A building permit for a new resi- dence and two for remodelling jobs were issued, in Glencoe during Jan-, uary.,. John Demn is building the newv residence at 255 Sheridan ,road, wbichi- according to théî permit will cost $!',0,.. C. T. McNeille is remodel-' ling his' house at 866,fluff street, at a cost -of $6,OOO and' Syma Cohen took out a permi't to remodel: a grÇenhouse at 1185 Sheridan road, at àa cost of Fuller & ic &r Report. Transfers Mrs. Fuller and William Pickard, witb offces n . Eanston ýand-Win- netka, report a marked'quickening of sales activity during the last sevýeral months. Ainong houses sold were nweed drive, Easoý SBatik & Trust company [rs. Forreat A. Anderson. .street, Winnetka-Mrs. ay to Mi,.. Louise Donobo 7avenue, Evanston-Mrs. [m to Mr. and Mrs. Harry n, avenue, Evanston-Wll- to A. B. Carlson. le avenue, Evanston-Mr. nes A. Woodburn to Mr. ýry D. Stoker. i avenure, Flvanton-Mr., llam N. MacChesney to A rmstrnr The last sale, that of the Edward S. Clark bouse, 687 Blackthorn' road, Winnetka, was made in cooperation with the Hokanson and Jenks real estate firm of Evanston, Hokanson and Jenks representing Mr. and Mrs. Clark, the sellers. The purchaser was D. D. Irwin of the Pure Qil com- pany. At tbe présent time Fuller and Pickard have four bouscs under. con- tract that are to be closed within .i paîtjuIurrIy W mucria and G. Is hÛOW at 543 Lincoln avenue; Inetka, associated with Hill& Is Urged to Buy Real Estate Notv Why should the small. investor buy real estate now? Four, business leaders from. four. sections of the Country, ail of themf members of tbe. directing board of the Naionail Association of Real Estate boards, give, their individual' judg- ment. as to, present primary invest- ment elemen.ïts which the, snall in- v estor must consider. Their cOm- me.nts«follow:. Leton E,. Todd, Caffden, N. J., mem- ber of. the executive committee of th-e association: '*Aaial InveÉtor needs flrst, the best value for bis nioney; seconid, favorable financlng for bis -venture. As to the firgt essential: Real estate la at 10w ebb but the tide là starting up. Older build- ings, renovated and rnodernlzed, can, be Purchased to 'advantage at much Iower prices than newly construeLed homes. Wilth' rentais now on the ln- crease, the dem~ag2 :for purchasipg such homes will sart te present selllhg prIce upward. Buy today at record Iows. As to the second essential: Présent owner- shlp fromn whomn used homes rnay be bought brîngs; Its own new opportunity of favorable financine for the buyer. Banks, building and loan associations insurance companles and the- like, ln selling repossessed homes, recond.itioned, can finance the buyer without junior liens up to 90 per cent of the sales pt'lce with 15 years to pay off thie mortgage.' *R. W. Bratton, Nashville, Teun.: ".Thereé are manY deslrable---repos-, ýi,hr îs no aurer way for onie to save h or, ber money than by making a amail down payment on a borne, to be followed by perlodical payments!' T. S. Neal, Shreveport, La.: "Real estate 1.s one tbing to wbich rnoderately ernaîl amounts of niontbiy savIngal cati be comznltted wlth safety and profit., It Is thereforeoan attraction to the smaîl JnVestor evren ln periods of stable, vrlce leveis. UniIess the wrnild- ICoistiwg in Wiir lerson, 1108 Ash street, S building an addition to 0 be used as a tool room. for thîs' improvement, was the only one issued i during January.