Highland Park Public Library Local Newspapers Site

Wilmette Life (Wilmette, Illinois), 2 Jan 1931, p. 23

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UP me montiULIy reaAiy imv uumentre- view of. Nelson, Hunt and company, Chicago and north shore speciàlists in real estate and 'first mortgage financing. Statistics compiled in the review sbowed that,'new realty stock and bond 'flnancing in. November totaled $15,610,000, an increase of 47'percent over O6ctober,. and the largest for apy month since lastý July. Total fnancing.for the entire year up. to Decemiber 1, it was stated, now agr- gregates $l80,632,27-a decline of 64 percent for the eleven month period. Pirst mortgae réal estate bond and: note off erings to date, the. sur- vey stated, aggregated $162,627.150, as compared with'$403,210,650 in - the same ppriod in 1929, a loss 'of about 60. percent. New stock offeringa, ag- gregated but $18,005,120, a decline of about 84 percent *frôm the volumne registered in the first elevenmnonth period last year. Portnds Botter TinuDs "This decline in realty financing,' said the review, "is undoubtedly hav- ing a inost beneficial tiffect in. stabilizing the real estate security situation. It augurs well for a more. rapid return to normal conditions, where. only the soundest types of building projects will be accepted as security for first mortgage issues." Statistics showng the volume of new realty financîng in the first eleven'months of 1930, as compai-ed with the saine p eriod a year ago, and in 1928 follows: 1930 1929 Bonde .........$162,627, 150 $403,210,650 Stocks ..........18,005:120 116,381,000 Totals .......*180,632,270 $519,691,650 Gain ini Rea1ty Issues Analysis of the review's figures showed that first mortgage bond and note off erings i n November also showed an increase of 5. percent over the total of. the.sarne, month a year ago but this gain was more than offset by the loss in stock offerings which in 1929 totaled $3,458,000 as compredwith $M0,000 this year. About 50 percent of the total fi- Wis. Mortgage Mousy Markt The review stated that money for flnancing needed home building is accumnulating. 'Banks and insurance com Pa nies have ample funds for first mortgages on "souncf well-conceived construction projects." .Average Y;iélds of new real estate bond «issues..at their, offering prices in November again registered a slight increase, according to the review's wcightedby volume index. The index for November'stood at 5.98 percent,. as against 5.72 per- cent in Octobier and 6.08 percent'in November, 1929.1 CHRISTIAN, SCIENCE. SERVICE "God" will bethe subject 'at,,the services in the First Church of Christ. Scientist, in Wilmette Sunday morning, January 4, at l o'clock.. Sunday school convenes at 9:45 O9clôwk. Dr. Maude Sands, resident osteo- pathic physician at tbe Georgian hotel, returned to Evanston the first of this week after spending, Christ- mas witb ber family in Baraboo, Wis. 0o- Miss Elsie 'rhal, who bas a dres shop in Winnetka, bas been at the Belmont hotel recuperating f rom a recent operation. thave the EIusive Charm of Childhood Suile for Bemke BERNIE STUDIO "Better Pictures-BeUter Values" 1623 Sherman Ave., Evanston Tel UNI. 8998 ENEWEID LOVE-LI ii~oe * (lea* t theDiscr.mia.ting 11l52 Central Avenue, Witu*qee Phones 320-32.1 Evanston Phone: Grenleaf 6660

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