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The Daily Herald from Chicago, Illinois • Page 21

Publication:
The Daily Heraldi
Location:
Chicago, Illinois
Issue Date:
Page:
21
Extracted Article Text (OCR)

1 Marriott A.9 AJUWfrlrWtei ia A great way for the whole family to say thanks to mom Thanksgiving Dinner in the Fairfield Inn or ou'r Stirrup Cup Lounge. The menu is traditional and so is the Come 'shake a leg with us this Thanksgiving. Reservations accepted. WAVorriott MOTOR HOTEU Kennedy Expy. nearO'Hare (312)693-4444 THE HERALD Thursday, November 19, 1970 Section 2 See Increase In Housing Starts BUTTER Measuring Installation Free-Estimates Featuring JOANNA WESTERN Custom Made Shades Valances To Fit Every Window And Decor Home Shopper low Cosf i ns taii fl on Available HOUISi MON.

INDUS. I0lo9; SAT. 10 lo SUN. 12 lo WEDNESDAY 392-3060 1427 E. Palatine Road Pal Grove Shopping Center Arlington Heights 392-3060 1st Slop light tod of loud Rd.

on Malliw lid. Home Shopping Service Continued improvement in mortgage fund availability and a substantial increase in single family housing starts is expected, according to John M. Dervan, Washington, D. director of the Loan Guaranty Service of the Veterans Administration. "As a consequence, we are anticipating an increase in 61 loan activity in 1971.

This will be heightened further by the recent legislation which has ended the time limits within which veterans could use their eligibility," he said this week during an open panel discussion on the Outlook for the Mortgage Market during the 63rd annual convention of the National Association of Real Estate Boards in Chicago. The panel was sponsored by NAREB's committee on real estate economics and research, He noted that long-term interest rates are influenced to a considerable degree by inflationary expectations and not solely supply and demand factors, and that the improvement in the supply of home mortgage funds is not nectessarily a forerunner of substantially lower interest rates. "When there is a national consensus that inflationary factors have been curbed and inflation stabilized at a more reasonable rate, that consensus will be I The Almanac by United Press International Today is Thursday, Nov. 19, the 323rd day of 1970. The moon is between its full phase and last quarter.

The morning stars are Venus, Mars and Jupiter. The evening stars are Mercury and Saturn. Those born on this date are under the sign of Scorpio. American explorer George Rogers Clark was born Nov. 19,1752.

On this day in history: In 1863 President Lincoln delivered the Gettysburg Address on the Civil War battlefield. In 1874 William Marcy Tweed, leader of New York's Tammany Hall, was sentenced to 12 years in prison for defrauding the city of $6 million. Also in 1874 the National Women's Christian Temperance Union was organized in Cleveland. FRSffiffiND YOUR- STM with MORE THE MOST THE MOST Artificial CHRISTMAS TREE Selection In All Chicagoland! We This Llfe-LIko V'l SCOTCH PINE TREE 29 9 35 Lite Set Italian Style MINIATURES With ROSETTES (Indoor-Outdoor) Reg. S1.6B Firo Proor Cobrlul Compluta With Box and Stand COLORFUL-CHRISTMAS DOOR From Our Pool Table Dept! Frederick Willie Special "eg.

S89.95 Bumper Pool Table Now0 Sale MANY OTHER MAKES 4 MODELS COLORFUL CHRISTMAS DELUXE GARLANDS AND WREATHS WITH LUSH GREEN LEAVES LOADED 1 WITH COLORFUL, GLAZED PLASTIC FRUIT. 1 Srriand FRUIT Wreath $T99 I EACH FRUI1 Espalier From Our Wonderland Of ARTIFICIAL FLOWERS And FABULOUS GIFTS We Offer Holiday Candles And Centerpieces From $1.99 32 Ft. 3 Inch TINSEL GARLAND Truatod to proven! tarnish, this rain- colors will add glamour to your yule decor! 2 GIANT STORES) RAND POOL PATIO NORTH POOL PATIO reflected in reduced long term rates. At the moment such a national consensus does not seem to have crystalized as yet, and until it does, a fall back in long-term mortgage rates of major proportions seems unlikely in thte immediate future," he said. There have been several significant i a i developments in recent months which should improve the situation for veterans, he said.

A bill signed into law on Oct. 23 deleted a former requirement that VA charge one-half per cent funding fete on guaranteed loans to post-Korean conflict veterans. It also authorized a 60 per cent guaranty not to exceed $12,500 for loans made to pur- chase condominiums in projects insured by the Federal Housing Administration under Section 234 of the National Housing Act. It authorized a 60 per cent, $12,500 guaranty for loans made to refinance existing mortgages or other Hens on homes owned and occupied by veterans eligible for GI loan financing. In addition, a separate mobile home loan guaranty entitlement was established.

Finally, the act eliminated all cut-off or termination dates on the use of GI loan entitlement. The entitlement -now is available to veterans until actually used by them. Since many World War II veterans are reaching retirement age, it seems likely that some of these will desire to use their restored GI entitlement" for the purchase of relitement homes perhaps even for condominium dwellings. Dervan said, in regard to appraisal valuations, "Since 1968 veterans have" been able to purchase houses for prices which exceed the VA valuations, paying in cash the difference between the sales price and the VA reasonable value Today, more and more brokers are working out sales with GI coupled- with a modest cash payment by the pur'-- chaser for the difference between the sales price and the VA reasonable val-' ue." HARDWARE STORES BOWEN FREITAG HANSEN ELK GROVE in ARLINGTON HEIGHTS in ARLINGTON HEIGHTS in PALATINE in ELK GROVE Twinbrook True Value Hardware We honor most Bank Credit Cards Thursday Friday Saturday Sunday Nov. 19,20,21,22 OFFICIAL BOBBY HULL HOCKEY GAME Action-packed, devel- npes skill and coordination, too.

Each play er moves the full range of his position by individual spring-loaded 10 99 Johnny Lighting .500 Cyclone Race Set 99 15 Live Action Pro Hockey Game 588 One of PADDLE POOL t.hqse leave-it-alone" games. It's a natural for every 'family and rec room in America! 3 99 Crissy's cousin. 16' with hair that 9rows HOT WHEELS LACUNA OVAL Race -'round the Big Oval! Recharge at the Juice Machine, then streak back on the course again! 6 UNEEDA DOIUKIN Pose your 11 Y2" teen age beauty in dozens of life-like poses. Beautiful long-flowing hair. Comes in adorable slack, set.

HORSEMAN'S PEGGY PENPAL She copies what you 'draw, write, trace. No batteries, comes assembled. Long rooted hair, lifelike eyes. 7 99 QUEEN-SIZE KITCHEN JUST LIKE MOM'S Double-door refrigerator, over 3 high! Realistic storage comportments. Double sink with real running water and drains.

Stove with raised and 099 TT99 DAWN'S FASHION SHOW Dawn and her friends walk, turn and pose all by themselves to show off their beautiful clothes. Dawn doll 099 99 Indian Bead Craft. Peg Town Bid! Boggan. 3" 499 1 47 CRYSTAL CRAFT Produce leaded "Cathedral Glass" accessories. It's easy and fun using your own cookie sheet or skillet.

'99 Beautiful CJ5LSSV the 171-2" fashion doll with heir that grows. 6 99 VALUABLE COUPON- CARS California Custom Miniatures or Grand Prix Series Only Limit 2 per adult customer With coupon Thursday, Friday, Saturday, Sunday, Nov. 19, 20, 21, 22 only.

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About The Daily Herald Archive

Pages Available:
470,083
Years Available:
1901-2006