Highland Park Public Library Local Newspapers Site

Highland Park Press, 10 Aug 1933, p. 11

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White Meat White Meat «s | on 14 3 10 cans for UG 10â€"11th ER Y or Yellow Corn rdi tion Sho and res FOR AYS kets will be on sale at all. on both the Skokie V -m;:: : Line routes between Kenosha, inclusive. â€" p URSDAY, AUGUST 10, 1933 : "Fime round.‘ (to ©boxer "‘Ow did yo on.#f‘ Good Shim k d Msl ‘Sl ol tSl fm.-__,.Sl 'f‘v__-w'jl t > L1 ......WMS] e L1 Smesec! _ §1 ;;..-N.LSI Sfi . $1.00 Well, i::.' you can with baby,"â€" (London}, > t ‘im to sleep in the E‘" } 394 Cw Place a Want Ad for Results ORAN Thursday and l‘)fiday-â€"bu} food by the dollar and save. Lay in supplies for the coming weeks. Estimate,your needs, make out :D'our shop}inz lis‘thow, and remeijnber-.l dollars go farthéf at A & P and especially on Dollar Day. LIBBy‘s [;i | | | T , ® , 1 13 112-62. sl‘ omato Juice 16 "*:**1 IONA SLICED j stt ® | | (yis NO. 2 s meapple <6 %&; ‘1 DEL MONTE s?uo PACK lepad. ‘ R NO. 2 s 1 lomatoes _ 9 : *1 THREE piamonps . |â€" | | t 1 es o e 1}2â€"02. $lY rabmeat _ 5°#:>51 | | f | MISS WIsCONSIN NEW PACK t 14 E Barty \| 9 NO. 2 $1’ ) | sierep Ccans | 1 | ’ A&P BRAND |1 *4 j N ssssn... 10 no.: $1 \1V sompes _ cans " J THURSDAY,, AUGUST 10, 193% 634 CHURCH ST. Sardinc Soap C Presery C QUICK ARROW BLUE PETER Queen Olives ANN PAGE ENCORE DROMEDARY HECKE Mr. Geils has a Made from real fruit pulp DOLL, uce HICGHLAND PARK, i1 PW north Shores FOR DOLLAR DAYS ONLY % aPRICOT € 1 \LEADIN G FURRIERS | FRUIT JELLIES hips TSWEILER STUDIO real surprise for you this weekâ€"end ; j IIPO. IN OLP FOR OLLAR <_& DAY ED, VORS s1 © PINEAPPLE © RAISIN 1 â€" Have Your 3 3)4â€"0%. TINS Repaired Now! qQuART JARS 21.0%. PKGS. 16â€"07%. JARS Our Work Is Guaranteed F U R S Summer Prices are Now in Effect DOZEN 200â€"216) a POUND 3 5: $1 $1 $1 $1 $1 $1 RE. 68468 $] Mr. Donne believes| it most unâ€" likely that any losses will be sufferâ€" ed by the corporation, because of extraording@grily" con tive . manâ€" ner ‘in which loans be made, but , should,. «'f occur, : these can readily be §bsor out of, this $10,000,000 |operating . profit. . This operating profi . is ted to be greater after a period of three years for reason that loans will only be made for the fikst thr*e years. At the end of that time, many employâ€" ees will no lo: ger be required. The greatest expenge will occur in the first year whild organization is unâ€" der ‘way. Each ing years will : see many) say over and above the $10,000,000 jexpected opâ€" erating profit. ‘Mr. Donne summarâ€" izes these facts in the following sigâ€" 15 0 io oo t dA ons 20 1 N m SA opemtim be used as additional cash security behind the bonds, or can be used to purchase the retire them by open nigrket deali : ; A partial market for these bonds will be established by the corporaâ€" tion ‘itself by he fact that its conâ€" servatively estimated income will be approximately |$80,000,000 a year, whereas the ima{ maximum cost of operation is ected to be but â€"$20,000,000| a .. This surâ€" plus of inco over, expense, aâ€" mounting to $1 ,000, a year, can terest and principal. . He further |states that, in his opinion and igrut other officials of the corporation, these bonds will findn_,‘y:]ip.‘rkat waiting them at sul:z::ti «. pri reasonably close to par. To substantiate this statement, he offe the following explanation : flwill possible for a home o'wnfl% owing| money to the corporation to purc the corporâ€" ation‘s bondsâ€"on the dpen market at slightly below. [par «â€" or ‘at that amount at whl‘«fil; the| bonds will be*i quoted at the time and to use these purchased bonds to retire his obliâ€" gation to: the |corporation at par value.: Such purchaged bonds can These M:Wiu be secured or collateralized : as fol :/ (1) 10% of the tqtql; uth issue will be subscribed in cash by the United States ent, ,000,000 beâ€" ing the amount of c@sh so snbscribâ€" ed as against a mayimum bond isâ€" sue of . $2,000,00 . ~(2) The: balâ€" ance of the colla will be. the mortgages .which the corporation will make. Ihxmu as these will be made on the coriservative basis of 80% of présent low valuations of home property, Mr. Donne expresses the opinion that these securities will be as sound as Any it is possiâ€" ble to ‘purchase today. | rral Backing Of \| niflcant statement: "For the dirs ‘COIIII.‘ !.i §thtgooyunwewinhetl' 0{”0 giLd . "____, agency. For the next fifteen yea j ) § Fu Exphmed we will be a collection agency.f _ B fl \| :Officials of, the corporation . ave At an. -“» iew| today, W. G,) no fear for the acceptance of thes Donne, Illinols state manager of the| bonds by mortgage holders., . ’* Home Ownerg‘ Lo Corporation, | total Illinois appropriation of $$00,« explained the mannér in which this | 000,000 can, at the outside, only| ,,V governmentâ€"sponsoreqd relief organâ€" care of 15% of the eligible prope ty ization will iggue bohnds in exchange | in the state. The large numbe h for existing dis t s\ mortgages, and | distress properties, when comp the â€" collateral | upon which such| to the comparatively few " bonds will bepredi¢ated. He states| which the corporation can make ‘msâ€" that these bonds, maturing within sures quick acceptance of all b ids 18 years, willbe uged in exchange | which the Illinois appropriation alâ€" for â€" mortgagés against : distress| lows for. 1 BL homes'to;the'Tlnoun of 80% of the| Principal payments made by the present day ‘ uations at the maxâ€"| home owners for the first * thre imum, as detérmined by the corporâ€"| years will probably be reâ€"lo -J’i ation‘s .fiprm. other distress cases . After mil ue.. sSuch purcha bonds can used for both the payment of inâ€" > be re nge will il@ ‘organiz ach s ny\ ) sayv 0,000,000 . ‘Mr. Don ts in the f¢ i4 f ing years say over and 0,000 jexpected opâ€" {r. Donne summarâ€" Highland Park be secured or ows: (1) 10% ized issue will by the United 200,000,000 beâ€" sh so subscribâ€" imum bond isâ€" THE PRESS ONE DC S3 manufacturing genius is a m ho makes a commodity just stroj muoug‘h to hold together until t last installment is paid.=â€"Judge. | cle Two of the Deerfield Presb ian Church. | A home baked goods sale will held Saturday, August 12, at ; Deerfield A. and P. store on Wau gan Road sponsored by Doreas C ~ â€"Mr. Donne firmly believes that an overwhelming number of mort '(« holders will‘consider themselves forâ€" tunate to be able to exchange a frozen, nonâ€"income producing \Sget: to:.the corporation‘s incomeâ€"prodgeâ€" ing bonds which are guaranteed a f to interest by the United States Government, and which will p ly< ably ‘always find ready buyers on the open bond market. Early i | cations: in such instances where B plications have already been filed indicate that the mortgage hold@rs are only too happy to make exchange. t Bakery Sale Will +5 2 Be Held Saturd Principal payments made by th home owners for the first * three years will probably be reâ€"loaned to other distress cases. . After : thh years, the principal payments Will be used to retire the issue, un maturity the total issue will h been retired by yearly amortization. Should : the â€"government use ; principal payments to purchase th bonds on the.open market for igeâ€" tirement, and should it be: posgible to buy, such bonds below par, he government will realize a large proâ€" fit on its open market dealingi } the same time that it renders g ta-g ly needed assistance to distresiged home owners. R n dcCCo Real Estate Mortgages «_ Irvin Jacobs, Sole Owner 105 8. LA SALLE, CHICAGO ‘ â€"Tel. Randolph 2350 . â€" IRVIN JACOBS & Co. We Solicit Applications for Conservative First Mortgages F‘l & ILAR i7 $o. St. .‘olhns'Ave' ; f ’ Regular Values ?q§§312.50 \$2.85 + $3.85 + $4.85 ! o on tate Bank There hmf Substitute for Qual f §; ALL SAléS FllNA;I. f i:i(L; Rasmussen Bros. | Summer Foot ear} Men, Women and Childr t‘ reduced ? Semiâ€"Annual Service and Chiffon Weights Cordon Hosiery 20 to 50°%/ 2 Pairs for BOOT SHOP $1.00 Phohe H P. 247 ‘ PAGE |ELEVEN 12 af

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