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"as Deere WINNETKA WEEKLY TALK, SATURDAY, OCTOBER 4, 1924 COOL WE THER MAKES REAL ESTATE SITUATION ENCOURAGING URGE CAUTION IN BUILDING Straus Finds That Housing Shortage Is Overcome ~ Slowing down the construction of apartments and hotels in Chicago and vicinity for perhaps six months, is urged by S. J. T. Straus, senior vice president of S. W. Straus and company, in a recent statement. "There is need for caution," said Mr. Straus. "We have had an un- interrupted period of activity in the building industry in this vicinity dur- "ing the last few years, and we have rapidly been making up the housing shortage. The time has come when prospective buildings should be care- fully scrutinized and their necessity determined before they are under- taken. "There are certain sections, more especially the north shore and the south shore, which due to the large number of apartments recently con- structed or under construction, have a liberal supply. This necessarily 'hears' the market for these districts, Jeading to rent reductions and to liberal concessions on one and two year leases. "As a result of this condition we have made our policy more conserva- tive in regard to loans on residential properties. However, this does not preclude the underwriting of loans on similar projects in some locations, or for commercial hotel accommoda- tions and other enterprises. necessary for efficient and economical conduct 'of the city's industries and activities. There can be no doubt as to the future greatness of Chicago. Nowhere else is there an equal sized community containing such busy cosmopolitan life, so many thriving businesses, such financial activity--such promise of future greatness--as there is in Chicago. "Fulfillment of plans of the Greater Chicago Plan Commision will make Chicago not only the most beautiful city in the world, but one that will provide the most 'advantageous facil- ities for business and home life. "In our forty-two years in Chicago, we have loaned millions and millions for new construction, and we will con- tinue. We are anxious, however, to avoid the results of temporary over- development and the consequent eco- nomic disturbance. REALTY BOARDS PLAN NEXT BIG CONVENTION Preparations are already going for- ward for the next annual convention of the National Association of Real Estate boards, to be held in Detroit, June 23-25, 1925. Charles G. Edwards of New York, president elect of the national associ- ation, has heen made chairman of the: association's committee wheih will have general charge of the convention. plans. Other members of the com- mittee are H. U. Nelson, executive secretary of the association, and Guy S. Greene, president of the Detroit Real Estate board. Mr. Greene has also been appointed general chairman of the Detroit board's special conven- tion committee, which will have charge of the entertainment side of the meet- ing and will arrange details in offer- ing the hospitality of the Detroit board and the city of Detroit to the conven- tion visitors. Meantime at least one member board of the association, the Real Estate board of Knoxville, Tennessee, has already appointed its own Detroit convention committee, to insure ade- quate representation of that city at the coming convention. Plans to ad- vertise Knoxville at the convention are being formed. Baltimore has already chosen the man who will represent the city in the national home town speech contest held each year in con- nection with the convention of national Real Estate men. Tulsa, which was runner-up among cities bidding for the coming convention, has already begun to make plans through its real estate board to bring the 1926 conven- ion to the city where skyscrapers and oil gushers contest He plains with the blanket Indians. Los Angeles, is planning ahead to 1932, when the Los Angeles Real Estate board, which has been instrumental in bringing the Olympic Games to America for that year, is planning to ask the National Association of Real Estate boards to hold its annual convention in the city of the international athletic classic. Open New Subdivision Just North of Glencoe Baird and Warner, Inc., announce the opening of a new subdivision on Sheridan road. north of Glencoe and south of Highland Park, to be known Park.' The tract contains 42, acres and has been subdivided into 65 lots of various sizes and dimensions. It fronts one-third of a mile on Lake Michigan. All water, sewer, gas, electricity, paved roads and sidewalks will be in and paid for, according to the plans of the subdividers. There will be no assessments against any purchaser un- til 1926, C. C. Simonds, whose work in Lin- coln Park and other beauty spots of Chicago is well recognized, is in charge of the landscaping of the tract. C. Edward Terns is in charge of the branch office at the subdivision. STATE REALTY MEETING SOON Seek Laws to Raise Standard of Business North shore real estaté interests will be represented this month at the con- vention of the Illinois Association of Real Estate boards to be held in Galesburg, October 16-18. New laws to raise the standard of the real estate business will be among the important subjects of discussion at the convention, it is stated. Convention speakers on legislation will be Harry G. Zander, president of the Chicago Real Estate board; J. Soule Warterfield, of Chicago, and Harry Golstine, former president of the Chicago board. Other topics and speakers are an- nounced as follows: "Business Ethics," by James I. Mc- Conaughy, president of Knox college. "Real Estate Brokers and Bankers," by Charles R. Holden, vice president Union Trust Company, Chicago. "Developing a Fire Insurance De- partment," by August Torpe, Jr. Chicago. "Real Estate Boards as Leaders in City Development," by John H. Cam- lin, president, Illinois Chamber of Commerce. "Control of Bond Issues and Tax Levies," by Judge William A. Hough, Indianapolis. "Cooperative Apartments," by Albert W. Swayne, Chicago. "Developing a Subdivision in a Medium Size City," by Frank Riddle, Aurora. "Multiple Listing," by John R. Schmale, Jr., Belleville. "Developing a Mortgage Business," by George R. Hemingway, Oak Park. "Amortized Loan," by H. Paul Bestor, president of the Federal Land Bank of St. Louis. "How a Real Estate Board Can Sell Its Appraisal Service to the Com- munity," by John P. Hooker, chairman, appraisal committee, Chicago Real Estate board. There will be a special train to Galesburg, leaving Chicago Wednes- day evening, October 15. Real Estate men from the suburbs will share the train with the Chicago delegation. Reservations for the train and for hotel in Galesburg should be made through Secretary Shay. Garages Lead in Week's Building Permit Records Garages monopolized the building plans during the past week, according to the building permits issued at the Wilmette Village hall. Seven of the ten permits issued were for garages, one for the remodeling of a residence, one for the construction of a one- story boiler room and one for a onc- story dwelling. A. R. Wilson will remodel his present home at 828 Michigan avenue, for $9,000; Andrew Pilat will build a one-story dwelling in the Franz subdivision, for $2,000; J. E. Caps will erect a brick boiler room at 417 Main street, for $2,000. The following were granted per- mits to build garages: Walter Tobin, Seegar's subdivision, for $800; A. Claar, 933 Elmwood avenue, for ot; F. Matthews, 931 Oakwood avenue, $600; H. A. Allen, 1205 Highland ave- nue, $150; John G. Corrigan, 1606 Elm- wood avenue, $150; George K. May- hercy, 108 Third street, $230; Edwin F. W. Froman, 1330 Hill street, $300. Richard Taylor leaves Saturday for Kentucky, Tennessee and West Vir- ginia on a business trip. Mrs. Taylor will stay with Mrs. William J. Taylor; 310 Cumnor road, for the three months Mr. Taylor is away. I specialize in making new lawns and remaking old ones. Flagstone and concrete walks and driveways of any kind. Now is the time to get ready and plant perennials. I solicit your work and guarantee satis- faction. S. Biseth LANDSCAPE GARDENER 379 Hazel Ave., Glencoe Phones' Winnetka 430 or Glencoe 1095 Ask Us About This Home It's in Winnetka, has 6 rooms-- Hot water heat Large Good location. 3 bed rooms. with oil burner. Garage. lot, 85 foot front. Dandy home for small family and the price is right. HILL & WHEELER, Inc. 736 Elm St. 334 Linden Ave. Winnetka 142 Wilmette 93 Plant Now Trees--Shrubs--Perennials This is the right time to plant and buy trees, shrubs and perennials. Prices are lower now than in the spring. John Ostrowsky 1487 Asbury Avenue Hubbard Woods Phone Winnetka 546-J North Shore. Phone Winnetka 62 WE OFFER YOU a Kitchenette Apartment (two or three rooms) an Office --in the-- NEW FRANKLIN BUILDING at the corner of Elm and Linden streets WINNETKA Formerly Known as the Vallman Building finish but is thoroughly fireproof and solidly constructed. of Winnetka, very convenient to transportation. It is in the heart of the shopping district. The Apartments and Offices This building, now nearing completion, is wthout doubt one of the finest structures on the It is not only very attractive in its harmonious lines, proportions and external are new, fresh and clean, ready to receive their first occupants Apply At Once To George F. Gonsalves WINNETKA It is in the most central portion 746 Elm Street