Chicago Tribune from Chicago, Illinois • 36

re "11 PCITICAM1 'SUNDAY IMMUNE' IANUARY 11, 1910. 'PKGE '6 PART Marshall Field Estate Will Demolish Great Northern Hotel SUGAR, COFFEE FIRM AS OTHER STAPLES SINK HEW SOCIAL LAW REPORTS BOOST BUSINESS COSTS One Story Unit to Replace 15 Story Landmark WPA to Make Realty Survey in Woodlawn (Story in adjoining column.) SUBURB BUILDING SETS NEW PEAK FOR LAST 7 YEARS 'TAXPAYER' WILL TAKE PLACE OF LOOP LANDMARK Add Burden t6 All Kinds of Endeavor. December Permit Total Is $4,760,481: Exterior Walls to Be Made of Stainless Steel. t' 2. 'S- 1 2 'LI, 4' '-'t.

1 3 ..,4 -4. 3 As.E 'f -). ,,7 1.,:. i la 4.k 4 i-- 4:1 1 -2, s' tr, ti it t' .7, '(-. 4.

4 A-. 's t- 4 i 4:, .1 0.,....... i I 1 ft4 4 ETtr 1 A ..,.1 (It (1). 4.,,,.., 4 f. ,,4 -8WMINSINIWN0018101 0640M16 8 ki8c 1, Y.

4 1,, 888 8 8 N. -4, VVVVV The Work Projects administration in Washington yesterday approved funds for an intensive real estate survey and planning pro- I' gram for tie '3- Woodlawn area 4 4c, 4 $1. The Chicago Plan co mmiss ion is official sponsor for the project, and the planning committee of As-- sociated Clubs of Woodlawn, repre- I' A 1 senting various 11 nelzhborhood in- 111,,.. terest is co- sponsor. i .4.

f- The survey, to be known as the Frank J. O'Brien. Neighborhood Conservation project, wilt include a complete study of each of 2,800 properties in approximately one square mile of the Woodlawn area. BY AL CHASE. 'Real Estate Editor.

Another loop landmark, the fifteen story Great Northern hotel, is to be razed. The estate of Marshall Field, after months of deliberation, yesterday announced its decision to replace this famous hostelry with a one story taxpayer. As in the case of the Capitol building, another pioneer skyscraper supplanted by a taxpayer, the Great Northern will be demolished to avoid heavy expenditures for new foundations necessitated by the Dearborn street subway. Replacement of the present floating foundations with caissons would cost about $150,000, It was said. Chicago suburban building, last month was the largest in the records of the Bell Savings.

Building and Loart association survey of construction. The year 1939 also was the best in the last seven years, it showed. The December permit total for 77 communities was and the total for the year was $.10,580,5,15. The increase for the month over the December, 1938, total of was 65 per cent. The gain for the year over the preceding year's total of $32,074,921 was over .58,500,000.

or 27 per cent. More Homes Built. The impressive showing made hi 1939 as compared with previous years was due to the increase in home building. In 1939 permits were issued for 4,028 homes to cost aa estimated $26,331,000, and in 18 for 2,533 homes valt1464 at $17,866000. The increase in the numter nt homes started in 1939 was 59 per cent and the gain in value 47 pEr cent.

Voluminous reports required of all tapes of business organizations under the social legislation of recent years lara added materially to the cost of dcirg business, the Illinois Manufacturers Costs association reported yesterday. The association announced the publication el a 16 page booklet detailing the requirements under a maze of state and federal legislation and suggestirra the use of specialized forms by which the information may be ccrtapiled at minimum expense. New Burden on I3usiness. Legislation, both federal and state, lias of recent years placed an additianal burden upon all types of busiresa endeavor," said J. E.

Sheehan in isauing, a report of the association's corramittee appointed to study the problem. Sheehan, an official of the company. Chicago, is chairman cf the committee. Pay roll and employment records are required under federal and state security legislation, the WalshEera ley act relating to government cor.tracts. the Vinson act governing naval contracts.

the women's 8 hour Law, workmen's compensation, and ether laws. Makes Ilecommendations. To cotraly with the various laws, the association recommended that a company's minimum employment data aneaalci include, in addition to names, and other details, the basis apon which wages are paid, weekly az ages, overtime, deductions under social, security laws. number of empraDyes. total pay rolls, and the emacayer's tax, "An employment application should.

in addEtion to the personal necessary to comply kith existing laws affecting employment, an Inn out the applicant's physical and Triennial ftness for the position the association's committee said. "It should establish necessary -background for possible Shaw, Naess Murphy are architects of this orre story taxpayer to be built on the site of the Great Northern hotel at a reported cost of $175,000. It will have six shops and a 90 car garage. Exterior walls will be of stainless steel. Noted Hotel to Be Wrecked 'Premium on Resale Copper Removed.

Domestic sugar and coffee futures weathered a wave of selling that swept the markets for most major commodities last week and cut prices. Even the report, late in the week, that the Cuban Sugar 'Institute was to recommend to President Laredo Dm a proposed 1910 crop which was 57,009 tons larger than in 1939 failed to produce selling in the sugar markets. The crop, of 2,753,903 long tons, was regarded conservative by traders. Coffee futures rocked unevenly during the early part of the week, but were steadied late in the period by some European buying. Metal Premium Eliminated.

Metal traders learned last week that the premium brought by domestic copper in the resale market had been eliminated. After selling as much as a cent above the producer and refiner base of 12 a pound, the quotation for spot delivery dropped to the same level primary producers have quoted since Oct. 5. Active lead buying developed and sales for several days more than equaled the daily production quotas. FUTURES SUMMARY.

Chicago. close Spason's range. Jan. 13. Jan.

6. High. Low. Wheat, $1-03 Corn. hu .57 .42 Oats.

bu, .3.9 .3971 .274 Rye, bu .771,41 .43 Soy 1.17 1.17 1.31 .87 Lard. JM52 Cotton, .1082 .4092 Butter. lb .2810 .2873 .2660 Eggs. doz .1447 .1425 .1330 New York. Cocoa.

lb 50.0534 SO.0690 $0.0429 Ctsd oil. lb .0691 .0723 .0794 .0063 Coltee.San.lb .033 0084 .0537 Sugar. lb .0191 .0195 .0300 .0171 Rubber, lb .1800 .1843 .2183 .1020 Hides. lb .1475 .1526 .1607 .1080 Silk. lb- 3.501 4.05 4.35 Copper.

lb .1103 .1112 .1200 .0895 Lead, lb .05:12 .0542 .0594 .0532 Tin, lb .4575 .4580 5400 .4430 Wool tops3b 1.008 1,016 1.104 .78 Since trading in the contract started. All prices quoted are for May delivery except butter 1 or February. eggs tor January, hides tor June, and tin for March. FUTURES. trestprciays closing prices in cents per Pound unless otherwise stated.

Cocoa. Closed 0.01 to (4,02 cent lower. March, 5.2; May 5.34: July, 5.4: September, 5.46: December, 6 49. Sales. 30 lots.

Coffee. Rio-New-Closed .07 cent higher. March. 4.32: May, 4.39: July, 4.43; September, 4.40; December, 4.49. No pales.

Santos--Closed .01 cent lower to .02 cent higher. March. 6.24: May. 6.33: July, 6.37: Serternher, 6.41; December. 6.40.

Sales. 500 bags. Cottonseed OIL Closed .01 to .10 cent lower. January. 6.70; March, 6.87; May, 6.98: July, 7.08.

Sales. 83 lots. Hides. Closed .01 to .05 cent lower. March, 14.52: June.

14.75: September, 14.08; December, 15.19. Sales, 75 lots. Rubber. Closed unchanged to .15 cent lower. March.

10-01: May. 18.60: July. 18.29: September and December, 18.00. Sales, 64 lots. Sugar.

Contract No. 3 ldomesticj-Closed changed to 0.01 cent higher. March, 1.92: May. July, 2.00: September, 2.04. 2,500 tons.

Contract No. 4 to .02 cent lower. March. 1.53; May and July, 1-33: September, 1,54. Wool Tops.

Closed .2 rent higher to ,4 cent lower. arch. S. 1 day. $1.008 July, 98.2, October.

December, 00.8. Metals. CoPPer-Closed unchanged to cent higher. March, 11.20: May. 11.05; July, 11.00; September.

10.90. Sales, 3 lots. Lead-Closed unchanged to .01 cent lower. March. 5.30; May, 5.32; July, 5.35; September.

5.38. No sales. Tin I Straitsl-Closed unchanged. JonuarY. 46.90: February, 46.40; March.

45.15; May thru July, 45.33; September thru December. 43 '25. No sales. Zinc-Closed .03 cent lower. March, 5.30; 5.32.: July, 5.34: September, 5.38.

No sales. (Story in adjoining column.) Outlines Objectives. There will be several objectives the project, according to Robert E. Mitchell, project director. First is the compilation of complete information on each property for the sole use of the interested owner and not accessible to outsiders.

The second will be a general community plan for future improvements in transportation, recreation, zoning, etc. The third will be a series of intensive studies of about 50 typical Wood-lawn properties and plans for their modernization. Headed by Realtor. The general advisory board is headed by Frank O'Brien, vice president of Mc Key Poague and chairman of the East 63d street council. Some of the 30 members are Graham Aldis, Ward Farnsworth, Newton C.

Farr, Ferd Kramer, Lyndon IL Leach, Gerhardt F. Meyne, John R. O'Connor, Charles W. Collins, George IL Doyenmuehle, Robert F. Wingard, Henry Zander Jr.

and Hugh Young. IVIII Erect One Story Building. A one story building, fronting 163 feet on Dearborn street and 100 feet on both Jackson boulevard and Quincy street, will be erected at a reported cost of $175,000. 'According to Ward Farnsworth of the Field estate, the new Great Northern building will be ready about the middle of next August. A novel exterior treatment has been planned the architects, Shaw, Naess Murphy.

The walls will be entirely of stainless steel. According to Alfred Shaw, this is the first time this metal has been used on such a large scale on a building facade. Heretofore it has been used only on a small scale in wall trim. Repair It Increase. Permits for repair, alterations aril, modernization of homes in 1935 cated a small increase in such con.

struction. The total for the year was compared with 463 for 1938. For the first time in five years, new building in Chicago in 139 ceeded the amount of new lion in the suburbs The city's total was or morts than for the suburban communities. 1 Where Homes Were Built 1 SURVEY SHOWS UPWARD TREND IN REAL ESTATE Real estate prices are higher than a year ago in of American cities, according to the 34th semi-annual survey of the real estate market made public yesterday by the National Association of Real Estate Boards. Market activity is greater than a year ago in a majority of cities.

Shortage of single family dwellings Is More prevalent than at any time since new home building got Into stride, the survey shows. It Is reported in 45 per cent of the cities, as against 34 per cent a year ago. Only 3 per cent now show an oversupply. Rents of all kinds show a high degree of stability, according to the realtors' survey. What movement there has been in the last 12 months is predominently upward, and the outlook is for this situation to continue.

"Interest rates are at the lowest level and are the most nearly uniform, geographically, that the country has ever known," the survey says. "They are still falling in 41 per cent of the reporting cities and are rising In only 3 per cent." The following table shows suburhan communities which had residential construction totaling $100,000 cr mors. during 1939, It gives the number new homes and their estimated value. BUIS BIDE VARK, RESIDENCE. The three story brick residence at t1 Ott Kellwood avenue was sold yesterday by id rs.

Marguerite Clausen to no. Franees held for a reported 7,500. Willard T. Orr of the Orr Realty company was broker. MINNE1POLIS FLOUR.

Jan. 13 tAly barrel ir pound cotton Farr.1!3? parer.t., unchan.red, 61054 r' ard patent s. unchanged, 5 barreIL Pure Suburban Building No, ot fl Wight I Ht Wight le: frI 1Jlt, 4,, t. irr .4 i i.4(;- .1,,, i. 40, i i i px.

41- .4 :4,. 4 .7 i ,11. 4 C1' F.ii:,;;: i i 4,4 VE ..1. 4 4 i i.i,,,, ild f.1,.;!-''. 1 4 1 4 -i, 1.2.:,":.

2i 4 ilAy :9 tlf .1 1,: (.... r- 1 1, '4 '10 1r 1. If itl I f', ,2. k.4. ir I i 41 1, rf.7....;.

ti rg'- gl iqr 441 vz --''J 4' zcrt ,0,, it. lz ill 1 A ii '-4 l'ill 411 5 -k I' 4' ii I- f'-o 1.tr.,.-,i,!' f--, 4.. Irr 7:77 ii- ---J'a if rr 1,, -Li, 1'1 it ,...,4 iti rr "3 'f' 4 t. ti A t)) I L'-' WA, 4 '1; Pt I lit 1 2, ,.:,,,,,,4, 1 A it 4 0, 12''''''''' i' (I) 1 4" '7: 0, ,.4,..... V'-'.

7 i 41' ''il 4::..., )1 01 4' w. 3. 1 Arl inaton A tiror3 Pat riniztifit Investors' Guide we Brokers' Notes a I ue 44'. 37,4 414 4 if4 1 413 I 4 2 1 31,4 1.o 41 37 4 I i 47 1 I ,7 1 Stores and Garage Planned. The new Great Northern building will have five stores fronting on Jackson boulevard and one at the Dearborn-Quincy corner.

The balance of the first floor and the roof will be used for garage purposes, accommodating about 90 cars. The garage will have wide entrances on both Quincy and Dearborn. The entire basement will be leased to one tenant. One of the block long subway station hookups between State and Dear. born streets will be under Quincy street.

A direct entrance to this station is to be built, connecting it with the Great Northern building, it was said. Tenants of the present Great Northern hotel building have been notified to move by Feb. 15. Actual wrecking probably will begin about March 1, it was said. Operated by Pick Hotels, Inc.

The hotel part of the present Great Northern building, comprising 370 rooms, has been operated since 1936 by Pick Hotels, as one of a chain of 16 hotels thruout the country. According to Albert J. Pick president, he is negotiating for another downtown hotel to be the Chicago unit of the 'Pick chain. All of the furniture, furnishings, fittings, and equipment of the Great Northern are to be disposed of at a private sale. The sale will include several large oil paintings in the hotel lobby.

The Great Northern hotel, designed by the late Daniel IL Burnham of Burnham Root, was built in 1891 at a reported cost of $1,150,000. It was said to have been the first completely fireproof hotel in this part of the country. The Field estate acquired the property in 1927. It operated the hotel from 1931 to October, 1936, when the Pick Hotels leased it If you wish, information about inveatletente or fig.Uri:Mee write to The Tribune Investors Guide. Inclose stamped, selfaddessed envelope for reply.

Answers of interest are published. but incuipere names art never revealed, Please Ca sot ask for information on more than c-ne crompany in each, letter. Answers to linzutrire are based on information which rhe Tribune believes reliable, fair, and but The Tribune assumes respOnSibility therefor. 40.MV One of the best known hotels in the midwest, the Great Northern, on the east side of Dearborn street, extending from Jackson to Quincy, is to be torn down. The high cost of new foundations necessary when the Dearborn street subway is built was the reason for deciding to replace it with a one story taxpayer.

Prey. eleee. 25.77 6.17 6.35 6,52 6.72 0.77 CHICAGO FUTURES. CHICAGO BOARD OF TRADE. Lard.

(Per 100 pounds. Open. High. Low. Clnee.

January 55.77 155.77 53.77 $5.77 March 6.17 6.17 615 6.15 May 6.:11 6,30 6.30 J0 iy 6,53 6.52. 6.50 6.50 September. 6,70 6.71.! 6.67 6.70 October 6.80 6.80 6,77 0.77 Clear Belliett. January 5.75 6.75 5.75 5.75 March 6.50 6.50 6.50 6,50 May 7.00 7.00 7.00 7.00 July 7,35 7.35 7.35 7.35 5.73 6.50 7.00 7.33 IRealty Miscellany John E. Murtaugh, former president and general manager of the Frank S.

Betz tl- Company of Ilam- mond, has ended several years of retire- e. ment from active business by open. ing a real estate office under his own name at 7103 ,,,41 Stony Island ave- flue. He was at vor'i A A- one time credit rot bi i 1 man and office a i( A manager of the John M. Smyth .1:,, company.

For 15 0 years he was sue- I sively credit manager with Rothschild Co. John INItirlitugh. and the Fair department store. Wells, Chinberg Co. has leased the entire three story building at the northeast corner of -Broadway and Leland avenue for a term of years.

It has been renamed the Wells-Chinberg building. The neW owners have remodeled the north portion of the third floor for their offices. The following table, compiled by 811i0 the Bell Savings, Bu ilding and Loa Id '1 association, shows the estimated cloTo -3 value of building permits of all types Clarendon 111119 31 Crete '17 issued last month in 77 suburban ryst al Lake 21 towns, with figures for November, Deg Hawes foti this year, and December, 1938: 13 Downers tiro 23 Elgin 5S '39. De Pinitoirst '3S. Nov.

'39. Arlington Ms- 74,000 $197,550 Elm rark lir! Aurora 45,51,,,,, 21.96M i.S1 133 Barrington 14.525 4.S00 :1,195 ergreen Park Batavia 8,000 3.20 ElosNinoor 101 Bensenville 4.610 1' .664 Gary 402 Berwyn 60.575 ss GI, nem. 1 Blue Island 2,160 15.900 1.1,11 Ellyn 34 Broadview 311.115 12.200 16,910 Gleiltiew Itrook field 17 000 Griffith I. Calumet 6,200 150 4.07S I laniniond ft- hteago Ills. 18,860 10,200 30,700 11 ig tiland Para Cicero 20,100 05,4:01 1101-41alo 44 Clarendon 11019 13.750 0.000 Bono Crete 2 S.400 (13 Joh, I Crystal Lake 10,600 1 .115 I 7.900 ot 1 li 'A Des Plaines 01.43 32,550 12 1.4 GI Dolton 15.S25 310 7,1433 La Grange.

Park 21 Downers Grove 13,875 53:. Lake ,..,0 East 101,715 0 0 East Gary 700 4 5,000 Loteolliwood i Elgin 25,715 oti Lombard 42 Elmhurst 00.200 NI arkliam 1:0 Elmwood Park. 21.590 7.0:13 2s 1150 MAN NA itoti 19 Evanston 230.900 1.M,150 10,900 Niollothian 'id Evergreen I'ak 1 Sti3O00 WO riossin()((r tin-I. Forest S50 1 4.S7.i Niles nier 1 Gary 201,214 66,115 185,9111 Galt it 0 Geneva 21,400 21,000 2.000 Gak Pm It :4 Glencoe 110.830 23,700 14,500 Palatine Glen Ellyn 19,600 23.700 Pains II, wilts ii Glenview 45.000 46.000 0.000 Park itilt ,1. Griffith 8,00 52.250 'eights 1,04 liattutiond .......1.007,323 106,000 Riverdale 5' Harvey 28,79 4,025 55.950 his.

33 Highland Park. 00401 91,900 171.7110 Ili el -Me Hinsdale 13.7110 4 1.975 St. clialle4 27 I 46,000 I 10.335 33,650 Toil Park 1 50.411 13.997 Vailkugati 52 Kenilworth 41,400 10,500 Westein Spi lugs '1 La Grange 32.000 26.430 30.600 W14'40012 4 14 a Grange I'lt 1.300 WI nevi le 44 Lake Bluff 10.050 6.900 Wiluiet It.t Lake Forest. 60.509 Lansing 9,500 5,000 32,035 Vitt -It. LiberlYville 12.900 1,900 30,740 NI i 1,.., ,1.1, 10 Lincolnwood 4 12: if 11 irt, ,4 4115int Lomharil 21.15() 1 1 1: arkham 4 .400 34,9 1 0 1 1 ay wood Ss" 37.200 NI eirose Park.

5.se,r, 6-to 9 3,196110 I. 1 1, i a 1 NI omit Prospect, SAM() NI mister 1 100 ,,,,,,4 1 1 r. 1'10, Naperville 09.t.lS5 0.035 Niles Center 83,4115 85.1 .30 202,250 WE'VE SERVED 0 North Chicago 15,1190 1 ,900 40,000 customers in our Northfield 8,000 :11.500 under th same manag Oak Lawn tit Oak Park 54 41,11115 77,141. -ACT NON Palatuie 39,0011 Palos Heights 24,000 1 15 YEARS TO Park Ridge 56,005 47,550 40 Prospect, Its 33,1010 411 1 :0 46,11011 for Your NEW COTT Riverdale 7 Sii0 1 1117,7111 River Forest Improvement ou Yowl Htvermide 34,145 1211575 Si. Charles 11.300 1.750 i 0,300 sPerr lorloo Tinley Park, 20,000 4 29.000 1, Illa Park 1 1 4 no Waukegan 22.030 1 is est Chicago 450 2.4511 West, Snringt4 16.815 7,075 1.77.1 singsshi Wheaton Whit ing 4110 4 i 1 a I )(I 0.0,:'''''''r14.1."::.3111' NV 1.357 ro) 6.4'41, i 64 wilmettf, (13,,:11 I Offith-ol a 16 )1 rigais4 7 Wintivik4 10 1 40,400 4h 1.4 Ai 4.

lit arid WE'VE SERVED 40,000 customers gn our under tiut same I-ACT NOMI to 15 YEARS TO for Your NEW COTTAGE Improvement ou Your I "-tryli :1, 4 4 4 7 ,7 :1.11 i a ti ii. 2 0 1 1 4 -s1, 4 4, ,,,4 it I 4 i rev lao A ko, Korzc40717 7 w-v A x. ik'-i'lli Mai-- ''''r 1 :314 :17.4 4, 14 4, 1, ow i 4 Sunday, Jan. 14, 1940. (Cr: 1940- Ey Tbe Tribune.

DIFFERENT EGG BASKETS. Don't put your eggs in one tzsket" Ls an adage which also is tisc.ful as a primary guiding principle for investors. In the terminology of investment the process of put-lung your eggs in different investment baskets is known as diversification. There is simple logic behind the principle of diversification. It springs the same source as insurance and assumes that if risks are spread, the posslnle losses will be minimized.

Ey scattering investments among different enterprises, in various Industries. and among several types ot seturities, it is thought that adverse intuences upon one type of security will be offset by possible gains in ether portions of the investment portfolio, L.iversifitation is necessary because the element of risk lies even in the enost highly rated of bonds. United States government bonds. for example may be depressed by a rise ti interest rates. High grade corporate bonds are subject to the same infuence and in a period of inflation the purchasing power of their fixed triterest shrinks because the dollar is cheer.

Hotel Windermere East Newton C. Farr, former president of the Chicago Real Estate board, will be installed as president of the National Association of Real Estate Boards at a dinner at the Drake hotel on Wednesday evening, Jan. 24. The affair is under the direction of the former presidents of the Chicago Real Estate board, with John C. Bowers as chairman of the evening.

Featured on the program will be speeches by Farr, outlining his program for the year; by Morgan L. Fitch, president of the Chicago board, and by E. L. Ostendort, of Cleveland, retiring president of the national board. shbiwIfteg.

1.1: or, 0 tr "'A 11.4100'11 1 I JOERN OPENS '40 WITH $200 000 IN HOME ORDERS William E. Joern SE Sons yesterday reported $200,000 of new home construction on their books on the first day of this year as compared with no orders on Jan. 1, 1939. According to Charles E. Joern the total business for 1939 was $238,765.

This represented eight houses in the Edge-wood park area of La Grange Park, and five in Riverside, Hinsdale, Elmhurst, and Park Ridge. Six homes are no, being built to order, eleven more are about to be built, and two have been completed but have not yet been sold, he said. All of Joern's new business is planned for Edgewood Park. Only one of all the Joern houses has been financed with FHA loans. Homes built by other contractors brought the new buildings in Edge.

wood Park to twelve for 1939, representing $200,265, including land costs, he said. C. E. Oneal Made President of Landscape Architects 4 4641.. DVS' 28 years management! ft, l' 4 lat Addition Near Completion Construction of an addition to the Hotel Windermere East dining room accommodations is nearing completion on the Hyde Park boulevard side.

Designed by Loebl Schlossman, the new unit, 100 by 150 feet, has the appearance of private home attached to the hotel. It has four dining rooms, one of which is called the Anchorage. According to Joseph 1. McDonell, general manager, the new section will be opened on Jan. 27.

PAY or Homo The Chicago Building Congress, at its annual meeting on last Tuesday, reelected the entire board of officers and directors. Elmer C. Jensen, of Mundie, Jensen, Bourke Havens, continues as president. The Chicago Mortgage Bankers association yesterday announced issuance of a new and simplified trust deed form which it hopes will be used as the standard in this area. CHICAGO MERCANTILE EXCHANGE.

Rutter. Cents per Prey. Stor. Open. High.

Low. Close. close. January February 28 50 28.50 28.35 28.40 28.50 March 28.25 28.25 28.23 28.25 28.33 Eggs. (Cents per pound.1 Prey.

Refr. High- Low. Close. close. January 11.15 14 60 14.15 14.50 14.25 October 18.00 18.00 18.00 18.00 17.93 Fr.

aril. Isis-January 17.95 17515 17.95 17.75 February 1700 17.00 17,00 17.00 17.00 CASH PRICES. Wholesale.) Chicago. Jan. 13.

Jan. 6. Rutter, extra, (2 .3104 Cattle, tops, ewt 12.01) 11.t30 Clear bellies. lb. .05 Corn, No.

2, yet, bu 59 .5914 Ewrm, extras. dos 19 .20 Hides. hvy packer, lb .1450 .1450 Hogs. tops. 5.80 5.90 Lard, cash, .0582 ,05110 Ito leaf.

.0544 pitoie, ib .0515 Oats, No. 2. white, bu .4 1 .43,41 steel rorap, ton 17.51) 17,25 Wheat. No. 2, bd.

bu 1.02 1.0011 Average price Chicago and Pittsburgh. New I rk. Price per pound. Antimony, Amer 5 .1425 5 -1425 Coffee. No.

7 Rio Do No 4 Santos Copper. 1250 .1250 Po export .1250 .1250 Cot LOYI. tcl upland .1135 .1100 Robber, sheet smoked rib .1912 11012 Silk, Jam er dh extr 3.70 4 It. Sugar, raw. Int duly pd .0288 lio relined.

.9450 .9490 Tin .4725 .47375 Wool. standard tops 1.110 I.130 Other Markets. Flour. t(1 pats, bt)1. AIWA.

5.40 8 5160 Lead. lb, St .0535 .0535 Zinc, lb. St .0575 COMMODITY INDEX. The Associated Press weititited lAboirmale 19-wo index of 35 Yest'ilay. Pr.

tlaY Wk. ago. Mo age. Tr. ago 74 61 74.68 75.19 14.60 60.3b Hauge In recent years: 1939-40.

1938. 1937. 1933-35. High. 75.21 74 37 194.14 1,49.22 Low 0r1.78 63.S6 73.13 41,44 11925 average erioals 100, The Dow-Jones commodity futures Index closed at 60 55, off 0 tui2ti average enuals 100.1 ff commodity future index 1 0 John F.

Diffenderffer Sons, 3157 West Harrison street, is celebrating its 40th consecutive year in business on the west side. John F. Diffenderffer Sr. still Is active head of the organization; R. E.

Diffenderffer Is assistant, and John D. Diffenderffer Jr. is legal counsel. Oscar 11. Doenicke, formerly with Swan-Lorish, has formed the real estate firm of Oscar le with temporary offices at 917 East 47th street.

On or before Feb. 1 permanent offices will be opened at 1907 East 47th. William Frank Cadil Is In charge of renting and management. 'Figures for the Week 7) TRANSFERS. No.

Amount. Last week 808 $1,183,745 Same week last year 794 1,561,323 TRUST DEEDS, MORTGAGES. same week( Iast year.19 TRUST DEEDS, MORTGAGES. .0.,...,.1. News of the Architects 1 1.1 i4 iwt.l.

Ilk 0.1.ftgago THIS BEST BUILT HOME guilt on Tour tot Partitioned in to 4 Sti 9 rooms. all new riots. it LI down. Ease Terms. Toi4118 mos At the recent annual meeting of the Chicago Society of Landscape Architects, C.

E. Oneal was elected No. Amount. president. He succeeds William J.

Last week ,563 $18,794,220 Shatwell. Oncal is on the landscape architect's staff of the Chicago Park Same week last year.543 2,547,031 district. Max W. Matz is the new BUILDING PERMITS. secretary-treasurer.

J. Roy West cony." tinues as vice president. No. Cost. Jack Rashkin is now in charge of renting in the Kenwood (ace of Swan.Lorish, at 953 East 47th street.

Herbert Hawkins continues as manager. ILARGE 5-ROOM 0 le HOME Carter Jenkins, chief engineer, division of waterways of the state ot Illinois, will speak before the Architects' club of Chicago tomorrow noon at the Piccadilly restaurant in the Fine Arts building. 1 OMENEIMIMEPI I 1 11 Zi Last week 33 189,700 Same week last year 41 538,700 1t, 11' 1 SENSATIONAL BUILDIHG OFFER! 144' (11 1114 2 Car IS it IS Frame Garcia Built on Your Lot. MI flOW materiais salS5 THIS HOME CAN BE YOURS FOR The investor, therefore, should not imt Lis savings to low yield bonds, if Le has sufficient funds. Depending fl indlvidual requirements, he should consider long term bonds, preferred and coron stocks, and real estate loans.

Ile should not negleo however, short term bonds and 1.e insurance to provide liquidity to estate. In a bond portfolio it is advanta- I pecus not only to vary issues but also maturity dates in order to reduce the chances of having a large portion of bonds mature during a pet-lot. of extremely low interest rates. Reinvestment. in such a period is less favorable to the investor.

Aside from et ifferent forms of securities, diversification should be sought among different companies in various industries. The folly of selectIng en'y one industry for investment can te seen by comparing the degree of recovery from depression bottoms -ade ty American industries. Invest- ments et entire savings in an inoustry slow to regain strength would te disastrous. Large investors, such as insurance companies and investment trusts, go rven further in diversification than those with smaller funds. Institutional funds are often diversified as protection against loss irk local d.sosters or depressions.

Even wider distribution of funds extend to enterprises ct toreign countries. The diverscation of savings cannot follow a standard formula. The individual investor must apply the principle to his own needs. For small funds the spreading among different securities cannot be as great as for large funds. The small investor may O.7.) Weli to lirnit his diversification to lite insurance, bank deposits, and sou.nd tzg only one industry for investment car, te seen by comparing the degree of ver recovery from depres sion bottoms Lade by American industries.

Invest- ments entire vns in an in- saig tr regan ength woul ousy i strd disastrous. 'Large investors. such as insurance companies and investment trusts, go k-ven in disification than those will- smaller funds. Institu- tional funds are otten diversified geo- as protection against loss in local disasters or depressions. Even wirier distributicn of funds extend to $1060 have arranged with the Western Brick Company, a foremost producer of face brick.

for the exclusive sale and distribution of its entire line of face brick in the Chicago area. The shale and fire clay face brick made by the Western Brick Company have been favorably received and widely used in Chicago for forty years. We plan to provide every facility and effort necessary to adequately serve the building public in this new department of our business. '-4 koe -t'-' A i. 'L .4, Ail' i'', 4.., 'N 0 A4N rs -7 7 1 1 dt IF ti.

l'it 1 i Li I.A -4, i 4 NO MONEY DOWN HOMES BUILT COMPLETE Cakh Pi i4 oTortos Prr Mo. 2 Car Brick Gorogo, tow as $275 (GENERAL REMODELING Easy Tarms.1 to 7 Yrs. to Pay PORCHES FOUNDATIONS ENCLOSURES ATTIC FLATS LUMBER BUILDING MATERIALS If you do your own US. Wo Coo Savo You Money. Easy terms.

Loceneed Bonded insured HOME INCLUDES CONCRETE WALL FOUNDATION COMPLETE PLUMTING ELECTRIC OUTLETS ELECTRIC FIXTURES HARDWOOD FLOORS -GARAGES BUILT I2-Car Frame' 2-Car Low Per Built for Inn as Mo. only thaitimel As5t1.Gt tw PP '''''R Aix tl-- A ISSULAIED tantiiing elfts ''lla sa WAssivibli t's eult eel, spring. Stiv trnosteir I BONDED INSURED LICENSED Built on your lot, a permanent 4-Room ft including co- t20 Per ment foundation. 19 plumbing, electric. Os To keep our men busy during oft-season, we're offering SPECIAL PRICES on 2-Car IMO GARAGE, Low as Mo, e.

i i I Vk: 1 1 14,...,4. tr mat 7 cOt tS 14717. ,,11 i 2 rittl 3 itti. OWI A 1 4 KVO.Gt ,1,17,73 LA'N'gl111('''' A 4 a ALL, SEW Ai! A i uilt on your lot, a permanent 4-Room ilLAIID Ft including cc- Per 2 0 isS, setitieg BONDED 1 "UM wAolsItIll INSURED ment foundation. IP 1 guild ss we.

spog- LICENSED plumbing, electric. MOs Da post ar-rrsus i eottte To keep our men busy during aft-season, were offering SPECIAL PRICES on I gii. 'LUMBER 2-Car IMO GARAGE, Low as $6 Mo, i i ki 1 kktt eL P' "11 1 7 -t 1, ,44. taw 4, i Aia, Avt, uilt on your lot, a permanent 4-Room Ito issULA sum soy 14 a I including i ce- ment fundton. 10 plumbing, electric.

'e2 0 Per moi, -r sum. To keep our men busy during off-season, 2-Car 0, SitS LUMBER S16.88 As Low as Por Month Terms I to 15 Years to Pay In order to qualify for our finance plan, you must own your lot clear, either improved or unimproved, and have steady employment. Own the home you live inand pay LESS THAN RENT while buying it. Mid-City modern planning and building methods give you a home of finest construction and material. Investigate right away and own your home soon.

CALL, PHONE OR WRITE Phone or Write for Free Eitimotes Drench Office Open Sunday Only 0 E. Garfield, Rm. 217 1 ATTIC FLATS GEN'L CORSI PORCHES Summer Homes F. H. A.

TERMS ARRANGED Free EstimatesWrite or Phone ot.itimtakilpto4 i 6 ass sham Free EstimatesWrite or Phone ATTIC FLATS GEN'L CORSI ON CREDIT .1 i TIr -I: 'I, I PORCHES Summer Homes F. H. A. TERMS ARRANGED 'It COSh prices! A-' A ilt-t eg I ESE fri 0 9 I I 1 rtikAvoZlittukle I -t rt P- 4 1, "I 1 OLiVARO4044 1 The sale and delivery of our own products Common Brick. Dearborn Brick and Autumtints Brickcontinue as before.

WitPhan tar FREI VSTImAYYS PIN DAILY IV SUNDAYS 10-S I Alt ritePIton Oer I thoffes FREI liSTIMATYS PAULDAG PIN DAILY IVA 9 1 SUNDAY 10-5 9500 ti rP4 i ...0,. 11 4 I 42 I I 4 1 ottr 1 0 i i i I it 14 .1 1.4 I 1 I .,,447 Pk A Ati eZ :4 A 7zt eibl We Build Anywhere Ort Your Lot kI 1.11')! is 114.11 -4 "4.4 tEa: 4 'C'''' I 4- VC; '-11' I I 1 rt 4 1-, t4)t 4 4 .4 .4 ILLINOIS BRICK COMPANY Open Daily 9 to 6. Sundays 10 to 4 tongbeach 2339 Construction Co. 228 Korth La Salle Street 1807 Lawrence Ave. II.