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18 WINNETKA WEEKLY TALK, SATURDAY, AUGUST 8, 1925 NEWS OF INT FREST IN REAL ESTATE AND BUILDING FIELDS SLUMP BREAKS: BROKERS HAPPY Prospects Bright as Proper- ties Get Moving Fulfilling the optimism of last week, the break in the summer slump in real estate transfers seems to have come this week and for the first time in a month or more a healthy number of business transactions were reported by local dealers. The dealers have no time to sigh in relief, however. They are too busy dashing about with prospective cus- tomers from house to house. Deals which have been hanging fire all sum- mer have been finally closed this week and new transactions have been be- gun in good numbers. There are still quite a few deals, involving some choice bits of north shore real estate, which have been practically com- pleted but not positively closed and ready for announcement. With the increased influx of inquir- ing buyers there has come the dis- covery that available home sites in choice locations have a definite limit on the north shore. Altough many homes are listed for sale. Wilmette property owners seem to be of the per- manent-resident type and are not easily persuaded to part with their homes. This has brought about a condi- tion described here by some dealers as a home monopoly of choice districts by the older residents, and goes far to explain the high values set upon property located in the older residen- tial sections. These high prices are not unreasonable, believe many of the dealers, although outside buyers have difficulty in understanding why they should exist. "Tt is not that the property, in itself, is worth so much," one dealer explain- ed. "But the north shore's older res- idents simply have no thought what- ever of selling. Hence there is a de- finite limit to the number of purchas- able properties and these can be placed at $300 a foot about as reasonably as at $100. It is an unusual form of monopoly, but it exists. Possibly it will force a more rapid development of the newer sections of the com- munities." There is also evident in real estate deals a decided tendency toward clear- ing up of incumbrances on properties. A number of such transactions are known to have been completed this week. The clearing up of mortgages is, in' the dealer's eye, first cousin to the purchasing of new property. Mrs. Warren Lusted, 921 Thirteenth street, entertained at her home Satur- day for her daughter, Mrs. Warren Winn, who is on her way to Pelican lake, Wis, for a vacation with her children. --Oee Miss Helen Klemm, who has been the guest of her aunt, Mrs. C. H. Kiemm of 420 Park avenue, for the summer, left Tuesday to spend about two weeks in Florida. Your Insurance Edited By F. J. Budinger LIFE INSURANCE Non-medical Life Insurance-- The following Life Insurance com- panies will accept business without medical examinations, up to limits here stated. Aetna Life, up to $10,000 to policy-holders having passed the satis- factory medical examination within the past two years, and who has not passed the insurance age of 60. American Life, Michigan, up to $2,500. Connecticut Mutual, up to $2000, on men and self-supporting women be- tween the ages of 18-45. All but term accepted without medical examination. Federal Union, no limit given. Franklin Life, up to $2,000. Gem City Life, up to $2,000 without medical examination. Great-West Life Assurance com- pany up to $2,000 without medical ex- amination, or $5,000 if insured has been examined within one year. Women, $2,000 in all cases. Guardian Life, N. Y., up to $2,000. Jefferson Standard, up to $2,000 issued without medical examination. Manufacturers' Life, Canada, $500 to $2,000, ages 15-45, accepted without medical examination. North American Life Assurance, up to $2,000, ages 15-45, males lives and unmarried wage earning females lives. Northern Life, Washington, up to Phoenix Mutual, up to $2,000, male lives, ages 15-45. Prudential Insurance Company of America, up to $2,000. Ordinary en- dowments maturing prior to age. In- termediate policies at certain ages. Additional ordinary insurance may be written under certain conditions within one year after last policy issued with full medical examination. Western Protective, up to $2,000 written without medical examination. 5Y,% Money Have funds to loan on choice improved North Shore Suburban residence property at 5% % in- terest. See us on renewals E. G. Pauling & Co. 5 N. LaSalle St. Main 0250 Honest Investments Invest your money here where the principal will be safe and the high interest rate certain. Phone Univ. 285 or Rogers Park 0272 and ask for our securities list. SMAROLEE B80 Sherman Evanston. IL Wanted Several homes on the North Shore. clients waiting. Have North Shore Real Estate Co. 418 Linden Ave. Phone 2778 Before You Leave On Your Vacation Protect Yourself and Family with an Accident Ticket For 25c It Pays $5,000 For Accidental Death. $5,000 For Loss of Both Hands or Feet. $2,500 For Loss of One Hand or Foot. $25.00 Per Week for Total Dis- ability up to 52 weeks. $15.00 Per Week for Partial Dis- ability up to 26 weeks. GET IT AT THIS OFFICE Clore, Budinger & Smith 1171 Wilmette Avenue Phone Wil. 1750 lot 250 x 185; Large Garage of Ridge Ave. Bargain. 831 Ridge Avenue FOR SALE 4 Rooms and Bath; Brick Veneer Bungalow ; Hot Water Heat; on lot 50 x 150; good location. $13,500.00 7-Room Two-Story Frame Modern Residence; Corner ; Fruit Trees; 2 Blocks West 6-Room Two-Story Brick Residence ; Hot Water Heat ; good location. Bargain and Terms. J. H. SCHAEFER & CO. WILMETTE, ILL. Phone Wilmette 364 TRANSFERS SHOW MORE ACTIVITY Announce Numerous Local Property Changes Reported in The Economist for the last week are a number of north shore real estate transfers which tend to indicate the increased activity locally in this field. In Gage's subdivision, Wilmette, lots 4 and 5, block 5, were transferred from Paul Reshke to George F. Gonsalvec. Part of lot 1, block 11, in Wilmette Wilson addition, was sold to Edwin Wagner by Agnes G. Manning, June 24. Edward T. Leonard, prominent builder, is named as the purchaser of George C. Baugh's property consisting of lot 3, block 39, in the Winnetka Provident Mutual Land association's subdivision. Mr. Baugh is expecting to change his residence to Chicago, according to current reports. Frederick W. Henkel purchased the Carl J. Sterner property lot 30 of block 12, Winnetka, July 18. In Glencoe, Helen E. Rubloff is given as the new owner of part of lot 1, OCIETY WOMAN SWINDLED UST the headline from a recent newspaper story. The stock was going to pay twenty per cent. It paid nothing. Ask us about safe in- vestments including property. GLENCOE REALTY COMPANY E. T. LEONARD, Builder 665 Vernon Avenue Glencoe, Ill. Phone Glencoe 1158 3%; acres of part of the block 17, formerly owned by John D. Galbraith. Indian Hill subdivision, No. 4, part of lot 35 was transwerred on July 2 from Edith M. Boyles to Hallett N. Thorne. In Ouilmette keservatlon, south sec- tion, Grace Doherty is named as purchaser of property formerly owned by Lena A. Hoarvig, the deal being dated July 10. Two pieces of property were taken over by Samuel Greely from Carl H. Zeiss recently. One was part of the southwest quarter, the other the south southwest quarter of the Zeiss property, all in township 42. : Part of block 9 in the Winnetka Garland addition was transferred on July 22 {from William F. Coale. Isadora Whitcarn to Harry W. Spies, Broker, Goes to Jacksonville, Fla. Harry W. Spies, until recently as- sociated with J. H. Schaefer and com- pany, north shore realty operators, has joined the staff of the All Florida Land company with offices at 223 W. For- syth street, Jacksonville, Fla. Mr. Spies expects to locate per- manently in Florida. He is well known to many north shore resiaents. VISITS KIN HERE ) Robert Fulton of York place, Chi- cago, was a visitor at the E. C. Phil- lips home, 1227 Elmwood avenue, over the week-end. He is a nephew of Mr. Phillips. The Home Wilmette to Waukegan. We Will Build For You! 109% Down Balance on Monthly Payments A complete service--plans, etc., all included in our price. See the homes we have built on the North Shore from Use that vacant lot. Lake County Construction Company 10 N. Clark St., Chicago, IIL You Want Phone State 8825 FLORIDA SARASOTA CLARE C. HOSMER, ARCHITECT FORMERLY OF WILMETTE AND CHICAGO In touch with unusual investment opportunities in city property and acreage. | EVERGREENS, PERENNIALS, SHRUBS AND TREES Winnetka Landscape Company Not Inc. M. J. SULLIVAN, Prop. GRADING--SEEDING LAWNS--TRIMMING--FERTILIZER BLACK DIRT--MANURE Men for private grounds by the day 882 Pine Street WINNETKA, ILL. Phone Winn. 1549 Wilmette, Ill. The Jordan Great Line-8 Is built for sincere people of good taste and judgment YOU are welcome to inspect our models and try them at any time. They are reliable, comfortable and easy to drive. Let us show you. FLOYD KOON AUTO SALES 1160 Wilmette Avenue Phone Wilmette 597