The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

No Coemmsso, Locus GEORGE T, COONLEY State Bank Suiidgll 'vans ton Corr.sp@adoott. Allance Life Insuiantce C.. Appm'oved PHA Morigagjes »avis 2233 or Iollyc*urt 4220 I aliu rq. ,. ino ua u r..7L VI av~Le- nue, $200. The private garage t, being buit Iby E. W. Eaton, 838 Park avenue, at a cost of $300. Financing Cost To HRome:Buyerý Geti; R"eduction, Financ ing cos ts for the purchase or bu.ilding of homes -reeched a new low in the Chicago are a. as well as throughout other parts of the coun-. try,ý with the, announcement by Stewart McDonald, administrator, of the National Housing Act, of a re- duction, of one-h aîf. per cent in- the mhaximum rate wihich iiiay. be charged on small home mnortgages lnsured by the Federal Housing Ad- *'kswere sen fl ~l~ ~ wee tomore than 12.000 banks, savings, building and loan associa- tions, and other private lending in- stitutions informing them that be- ginning August 1 the maximum i- terest rate on mortgages conimittecd for insurance byr the FHA on small homes would be 4½ ý er cent. a re- duction of Y2~ per cent from the pre- vious 5 per cent maximum. The maximum rate on mortgages on Ample Fands AvalIable A. survey of the local mortgage, market revealed that. ample funds' would be available for home financ. ing at the new rate indicating that lending institutions had accepted the- move as a further stimulant to new* home construction Which has al- ready showed mnarked gain in this area for the first seven months of a~. F I BOVENMUEHL ét CONSTRUCTION MORTGAGES 1 10 S ý ri' e à r b c r m S 1 ANDoyer 2200