The Daily Alaska empire Newspaper, June 11, 1936, Page 7

| THE DAILY ALASKA EMPIRE, TH!RSDAY, JUNE 11, 1936. (] , glIIIIIIIl|||ll|IIIIII||IHIIIIIIHI“.IIIllllIliIIIIIIIHHlIIIIIIIIIIIIII|llIIIl||IHIIIIIIIIII'IIIIIIHHIIIIIIHIIIIIIIIIIIIIIIIflmfllflI_HllllllllllllllllllIIIIIIIIIIIHlll|IIIIIIIIIIHHIIIIHHIIIIIH|III|IIIlIII|I|H|HIIIIIHII!!IIIIHIIIiIIIIIIIHHIIIIIIIlIIlIIIIIIIHIHIIIIIIIIIIIIIIIINIHHIIIIIHIIIIIIIIIIIIIIIIIIIIIHIIIIIIIIllIIIIIIIIIIIHIHHHIWH!I!HIHHIIHHIHIE ’ E FEDERAL HOUSING MORTGAGE PLAN A GAINST OLD STYLE FINANCING PLAN B il ——— . T E = R Al 5 b s k < Sk dis e . 8 o = = 2 FOR A HOME COSTING $1,250, WITH $1,000 IN MORTGAGES Minimum House for Famlly, Of Three = E FHA Mortgage 0Old Styie Plan to Finance $1,000 = | = e $1,000, 20 Year 5%, 5% Interest, }:% Service Charge, $660 First Mortgage, 6% Interest; $340 Second = = 156, Mortgage Insurance Premium Mortgage, 8% Interest = Actual Mortgage Charges (monthly): Actual Mortgage Charges (for entire period): — [ interest and amortization $ 6.60 Interest on first mortgage for 20 years $792.00 g | » service cha. (average) 24 Comn on paid to obtain first u = 4] - ) %% % mortgage ir ance premium 42 gagi d to refinance every 3 yea: = 3% each time 38.60 = d S|NGLE | Total $7.25 Interest on second mortgage for 4 years 7061 = Estimated Additional Charges (monthly): Second mortgage principal repaid in = | $ 208 four annual installments 340.00 = | insurance premium 58 Commission paid to obtain second mort- = t Watcr rent 1.00 gage, 5% 17.00 = ! Total ety 3.6 Total payment for 20 years l,»';)fl 21 E e e Annual average $67.91 = | Total Menthly Payment 10.92 I g = Monthly average $5.60 = = Estimated Additional Charges (monthly): = = Taxes, hazard insurance premium, and water E § rent (same as in FHA example) . E = H 0 USI N G Total Monthly Payment (average) = = £ BAROMETER E -] : SAVINGS UNDER FHA PLAN OVER 20 YEARS = = May 20, 1936 Monthly payment : $ 9.2 $ 1092 = = Extra monthly cost of FHA plan 1.60 = = The total amount of business Toizl exira monthly cost of FHA plan for 240 months 384.00 = 3 = reported to date by private fi- Balance due at end of 240 months > 660.00 0 E = nancial institutions under pro- B ] 4 i et i et ] v § visions of the National Housing Net saving with use of FHA plan ($660-$384) E > § Act is as follows: Jve tables are the first of a series of 5 contrasting the costs of financing homes—costing $1,250, $2,500, = = Number of insured nd $6,250 respectfully—under the Federal Housing mortgage system and under the old style = modernization stem = loans 1,045,685 ing of $276 is shown for the owner of a $1,250 house with a single 20-year mortgage, insured by the = Amount ....... $377,425,036 Fede: ation, over what l\elwnuld hxu;/v had to pay over the same period with a series of = - ¥ 3 rs 1d second mortgag maturing every three and four years, respectively. ey o i = g N‘,‘:l?:, ‘gz; .:“plt s 4 s “T\p ]F)‘lfdfl'ul Housing mortgage system, the owner saves the trouble and anxiety of re- ";h;;o:iifl"y:;fz?'i::r::}i?‘“ hf:’&i:';:,flidl~b.¥“:;h‘etie,:_ = [ = iy 8 E e it his mortgages every three or four years. For his only obligation is to meet the small payment of 2 ¥ ini. i s = [ = Eddgr S tance s"a’s'jg e 55 e eder $o Mave his' Rouse Uy fee, froe,of Al debd, a¥ the end Bf 3D yefs. Tha tatimated d":,‘““i:‘l“’l’i"”i:;e ‘;}le“;;:‘illl":{f:: ;',‘::‘,“f:“r‘:ofi:’"'h::f;tflx’.:‘" e = § H ch: » tax, hazard insurance, and water rent vary, of course, in different localities kitchen has its component parts well separated so that no | [reyee—y oA * |- = = e A L one interferes with another. The bedrooms are of ample g ¥ = I_—‘——_——————— ize and have good closet space. The bathroom is eon- | D iy Se— = = N 7 veniently located for private access from the bedrooms. 5 = = K R A F F T ’ s The simple clapboard or shingle elevation with the plain 3 = CUT FLow Rs AND 3 3 ¢ , pitched roof is inexpensive, and at the same time its = = % ® s 4 honest simplicity gives it an attraction that is satisfying. i ke, = g 7 cABmET 1t should be reproduced at a cost ranging from $1,200 to Wy 24 = = PLANTS | = = ., N ® ¥ = = FOR BEAUTIFYING YOUR ROOMS = - MILLWORK = 8 = Trees, Shrubs and Plants for LES: = = Beautifying Your Yard Kitchen Cabinets = E Screen Doors and Windows E JUNEAU FLORHSTS Frames and Sash 4 : Shattuck Building PHONE 31 All Kinds of GLASS ; o ) - PLYBOARD 0 and ' LOTS OF LOTS < mb TOO! Estimates Furnished o um la “m er L n NICE ONES——TOO! Bz g Casey-Shattuck Addition S o = X i = = R Gold Belt Addil GUARANTEED LUMBER AND BUILDING MATERIAL B == 0. e. 1tion = anal LR FRANKLIN ST. CONSULT US FOR FINANCING OF HOMES UNDER = = at o " = Co-operate with the FEDERAL i TITLE NO. 2, FEDERAL HOUSING ACT = = elphone = v = HOUSING ADMINISTRATION ¥ g = SEELER WS Sl Ml . e = and beat the rent game . . . . | = ALLEN SHATTUCK E = . Reduces your fuel bills, and beautifies your home. = £ ——Since 1898—— We carry a complete stock for immedicate delivery: = = ' : = = | 4 PR o S £ 2 == Celotex Pla elotex Tile = » 2= . E FOR EVERYTHING IN THE . TEMPERED HARDBOARD-HARDBOARD 'TILE = = ; : g PO PLASTERBOARD—FIR FLYWOOD = BUILDING LINE, SEE ® DOORS—WINDOWS—GLASS—PAINT é ; Ask for the CELOTEX BOOK = neau-Youn araware Lo = = o @ #i y £ % Dealer in Heavy Building Materials = = == = GENERAL CONTRACTOR E WE ARE DEALERS AND CARRY IN STOCK— QUA o E Portland Cement Fireplace Ashdumps v B £ : = Finishing Cement Firebrick £ + Early Setting Cement I"iruclu?'l L o ALASKA SPRUCE—HEMLOCK——CEDAB E Stucco Cement Pressed Brick (for mantels, ¢ = * E Fiber (Hair) Hardwall m,»ur;h 'l;illu e PROMPT SERVICE ] = Plaster Tile for Floors and Walls = = i e Akbestos. Well. Tl LUMBER FOR EVERY PURPOSE = = " Metal Corner Bead Stucco Wire , Build with WOOD for PERMANENCE = —= Wire Fabrie Lath Reinforcing Steel, 1-4 to = = Metal Lath 114 inch P = = Wood Fiber Lath Wire Mesh Reinforeing = = | MmimWlee e uneau Lumber Mills | - == Lump Lime Waterproofing, integral and = . = Hydrate Lime brush coat = Galvanized Thimbles, 6, 7, 8 Johns-Manville Asbestos vCE 10, 12-inch ! Shingles PHONE 358 =5 Fireplace Dampers Finishing and Mortar Sand 5 4 == = Firstiaee Seesnont Looes Soft Bheet Capper ANYBODY'S Real Estate Boards at its recent page, 8-colimn ad in the Wall| and Manufacturing Company at | first three months of this year = == WE MANUFACTURE AND SELL— n U 5 {,NVE S s board of governors meeting Street Journal, calims that its na- East Pittsburgh, Pa., will receive | were $1,244,151. = = 5 . ¢ ; | pas el i 7 Krie Lani svarls e substantial increases in wages | ; = = Conerete Sewerpipe,” sizes 4 Concrete Chimney Bases 7 g B9 mxing 30 | tonewide gurvey reveAls iy.sie At calatad sinder s gl et | SUPPLY VS. DEMAND = = Fagh 4 g : 7 535 Florida veterans to consider more than 3200000 persons are | St 1 . & il = = inches and up Concrete Culverts SHORTAGE S ol PRI oy While exact figures are not ava == ) # e e Footi Blocks utilizing their benus money in unemployed today. Making public| Sharing” plan |able, Architectural Forum believes = Conerete Sewerpipe Ys, Tees Footing B 4 The Chamber of Commerce of g acconding o |20l = . and El$; all sizes Building Blocks and Brick of | home purchases. . The associa- the first facts revealed by this ex- | DY CMmpany, the auphly of houaing ' is Delow = ; e ey the standard masonry unit MePherson, Kans., Teports that f0r | tion believes that 15 to 25 per tensive survey, the Sun siated thay| Richard L. Gridley, .fianetal | “PPY O OREE PO = i Concrete Chimney Blocks, 4 the first Ume i many months not | cent of the $21,000000 which of a possible 20937000 workers ap- | editon of the Pitishurgh Press |PeSC heeds Thcte are e £ firesafe and well made Conerete Sills and Lintels a single yacant house is listed in| will go to Florida veterans will | proximately 26,780,000 workers have | Whenever Westinghouse profits |!lon families ready for small houses, E Conerete Chimney Tops Burial V.;u“; the city, ageording to the McPher-| pe spent om Florkla real estate. | jobs today in industry, trade, min- | exceed $600,000 menthly, Grid- |the magazine states. Governmeat = one | y PS aults i;:rcx gigzmmfiéica:.ofiimuwsfi; The association is cooperating ing, transportation, manufacturing,| ley stated, employees will begin !,,"Cys show appreximately 3T per § wmmodauon‘s thn:gthe Chambger of wi:’h ':e i g melons and'com‘mu?mnurons:. {hese mcludl-w charing ixt proporiion, with the ;cem. of the homes in the United = o x g ; and the Federal Housing Ad- |ed all classes of workers—clerical, | prefits. On the basis of the | o . " = years of age, or older = G E K R A u ommerce has urged property own- | ministration in promulating the | executive, and manual. first quarter earnings of the | s = L] L] ers to list all available space. plan. ‘ company this year all wages | Forum believes that during the last o | - PAY RAISE and salaries would be increased 4 years the annual loss of buildings BONUS MONEY j REAL F,pq:rs | Approximately 50,000 employ- by 10 per cent. The company’s by fire alone has been greater than » The Florida Association of | The New York Sun, in a full- | ees of the Westinghouse Electric average earnings im each of the |the gain in new construction. i3 MMHmlllmfliIIIMMMMImlIIIHIIIHIIIIIIIIIIIllmlIIIIIIIIIIIIIIIlIlIIIIIIIIIIllIIIIIIIIIIllllmIflfllIlllmlIIHIHlllIHIIHHIIIIllllllillIflllHIIIIIIIHIllllllm_llllIIIIIIIIIIIIIIIIIIIIIIIIIIIIII!!IIlIIIllIIlIllIIIIIIIIIIIIIllIIllllllllllllIllllllllllllIIIIllllllIIIIIIIlllllllllllllllllllllllllllllllllllllllllllllllll = ] N » - -~ PR