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FEET MEXIGAI| HARDWooD
Principally Mahogany and Gedar
Loccrted in the State ol Chicpcrs, Mexico, on the Pcrn Americcn Rcilwcy, 100 miles from cr Pccilic Port qnd 270 miles from c GuU oI Mexico port.
A lcrge percentage oI the timber is suitqble lor pflrel wood or veneer logs. This timber hcrs been in possession oI the crdvertiser lor more thcrn thirty yecrrs cnd present sccrcity oI hcrrdwoods mcrkes this the most crdvcntcgeous time lor its mcrrketing.
The owners will demcnd only the posting oI c $5,000 ccsh deposit by c responsible pcrty, with a Los Angeles Bcrnk qs c guqrcntee thct 100,000 bocrd leet oI the timber will be mcrrketed ecch month lor c ten-yecr period. Prices will be determined by quality crnd mcrrket conditioirs.
II lor cny recson, not the fault oI the Contrcrctor, the Mexican government stops the shipment oI timber, the Contrcctor's deposit will be returned.
Box C-905, Cclilornic Lumber Merchcrnt
Home Financing Exceeds $2100010001000 in First Half ol 1941
Washington, Arg. 2.-Urban home financing rose well above the two billion dollar mark in the United States during the first six months ol 1941, it was announced today by economists of the Federal Home Loan Bank Board.
There were 778,731 home mortgages recorded.on urban property aggregating $2,2I7,865,OW during the first half of the year by all types of mortgage lenders. This was 13 per cent in number and, 77.5 per cent in amount above urban home financing in the same period of 1940 when there were 689,338 mortgages amounting to $1,886,998,000.
Savings and loan associations, the largest group of home mortgage lenders in the country, accounted for approximately one-third of this urban home financing with 263,325 mortgages amounting to $707,517,W during the first half of the present year as compared with 238,672 mortgages amounting to $598,766,000 in the first half of. 194O. This increase for savings and loan associations equaled 10 per cent in number and 18 per cent in amount.
Banks and trust companies formed the next largest group in the amount of mortgages recorded but trailed the total number made by individuals who lend money for such purposes. Banks and trust companies recorded 169,717 mortgages aggregating $552,735,000 in the first half ol l94l while individuals reported 190,549 mortgages amounting to $368,903,000.
Other groups were: insurance companies, 37,355 mortgages amounting to $184,569,m0; mutual savings banks, 25,155 mortgages valued at $95,705,000; and the varied group called "others," meaning those not classified in any other group s, 92,630 mortgages amounting to $308,436,000.
This urban home financing includes all non-farm mortgage recordings up to $20,000 each in value reported by counties throughout the nation and the compilation was made by the Board's Division of Research and Statistics.
U. S. Army Buys 31,000,000 Feet at Two Lumber Auctions
Contracts were awarded for approximately 18,000,000 feet of lumber to manufacturers and wholesalers at the lumber auction held in San Francisco on July 24 and 25. The lum_ ber was purchased for the United States Army. Of the total, 10,@0,000 feet was for shipment to Hawaii, 5,000000 feet for shipment to Salt Lake City, 1,000,000 feet to San Luis Obispo and smaller amounts to Oakland. Benicia and Angel Island.
At another lumber auction held in Portland July D and, 30, a total of 13,000,000 feet was contracted for, with delivery dates ranging from 10 to 45 days. This lumber goes to army cantonments and engineers projects in the west and south and to island air bases at Trinidad and Hawaii.
R. V. English of the procurement division of the quartermaster general's office conducted both auctions.
To help you ser, rl,lORE KITCHENS
Curtis, makers of quality woodwork for 7d years, can help you sell kitchens which will please your customers.
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