Backing Purpose

Home owners who improve Jeir property through moderi-

» expansion, repair, or re- lacement of worn out equip-

bility® of their homes, but also dd to their economic value.

For in addition to added fam-

ral happiness, a wise and well- lanned property improvement fnerally raises the present and Uture value of the home. It thus epresents a sound investment, md a hedge against the possibil- ty of further inflation.

It is on this basis that lending Mstitutions are giving their full @pport to current national pro- frams to better the homes that tre in need of repair and im- Drovement and to bring up to fate the 50 per cent of homes that we over 30 years old.

At the same time, money for financing such improvements is m ample supply on a lowcost dasis.

Appliance Cost is] Held In Line

In 1948 the average auto work- ae bad to toil 182 hours to buy an Il cubic foot refrigerator. In 1958 the same man had to work only % hours to buy the same size refrigerator with a great many

its.

This example dramatizes a

aent not only improve the “liv-|

‘ort, -conveniehce_and_ov-.

seeming paradox in that while the prices

nearly everything’

8 , 3 eo oe ee ee ay

i

NO ROOM FOR NEW APPLIANCES? This 54-inch unit combines a 30-inch dish-washer, built-in oven and built-in cook top. Separate appliances would require at least. 30 inches more space.

else may have gone up, many major appliances cost less now than they did ten years ago. This fact is combined by official gov- ernment statistics.

How is this possible in the face of constantly rising materials and labor costs? An industry leader suggests that ‘‘Much' of the cred- it for today’s prices is due to im- proved production methods, new machinery and equipment, as- sembly line operation and other

—

factors ‘abibinoed by automa- tion.”

Another factor of course, is sharpened compeitition. Today’s major apjliance manufacturer and retailer are under constant pressure from their rivals to de- liver a better applicance for less money.

The beneficiary is the, home maker who gets one of the rare- st. bargins—a greatly improved appliance for less money than obsolete ones cost.

er Oe age es

Supplies

At Hand For Jobs

Remember the old saying, ‘For want of a nail the shoe was lost,” and so on Well, that does not have to be the case with your pet home improvement or do-it- yourself project. :

' Your Jocal lumberyard or build- ing supply house has or can quic- kly get every kind of material you are likely to want, from horseshoe nails to I-beams to

completely fabricated. steel gar-

ages and tool houses.

The building materials operat- or has two other equally impor- tant stocks in trade—a vast know- ledge of his merchandise and a very sympathetice ear. Formal descriptions and specifications of even the simplest items often sound like Greek to the layman.

But the lumberyard proprietor is a good translator. Give him a brief description of the job in hand and he’ll come up with right material in jig time. And he can supply all needed advice on how to handle it.

The list of products they carry is considerably longer than a grown man’s arm. Typical of their

stock might be pipe, galvanized|.

or stainless steel gutters and downspouts, wire and cable, ce- ment, light structurals, steel bars in various shapes, and fasteners (nuts, bolts, rivets, nails, screws) of all types.

There is really no limit to the steel mill products they may car- ry or can get on special order. Incidentally, the speed with which they fill special orders is

In larger industrial communit- les, there is usually a somewhat more specialized kind’ of supplier —the steel service center of warehouse. Their business is sup- plying any kind of steel, in any quantity from a pound to a car- load. And they are often equipped to do large-scale, complex cut-

ting and forming.

The advanced do-it-yourselfer also knows these service centers as: a source for many kinds of auxiliary supplies, such as indus- trial-quality tools and grinding wheels. heavy-duty cleaning com-

pounds and similar items.

iS - a s faet x.

.|for any pain-racked invalid.”

Ford Income

Sets Record

DETROIT (AP) — Ford Motor Company Sunday reported a rec- ord, first - quarter consolidated net income of $134,800,000, equal to $2.46 a share and $18,600,000 more than its earnings for all of

CompanyePresident Henry Ford H said net income for the first three months\ of the year, under Ford’s new accounting system, compared to $29,800,000 or 55

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Reaction To Herter Is Mixed

LONDON (AP)—Britain’s press greeted Christian A. Herter’s ap- pointment as U.S. stat> secretary with varying shades of emotion Tanging from. sharp criticism to hopeful enthusiasm.

The Labor party organ -ites Herter’s arthritic condition and says his. new job is “too

a blunt editorial, The Daily Her- ald declares that sick old en cannot rule the world and said President Eisenhower “is a broken man, energy required to grasp impor- tant maters for any length of

Herter’s nomination got an en thusiastic reception from news- papers in Paris, where he was born of American parents. -

The London Sunday Times hails Herter’s appointment, calling him “ga man whose record inspires our most hopeful trust.”

The London Observer notes, however, that Dulles was a man who created policy and that it seemed Herter did not com- mand the same respect and con- ‘fidence from Eisenhower.

The People, a left-wing British weekly, comments: ‘Herter will be just one of the influences brought to bear on the president in foreign affairs. Dulles was the only voice the president listened to.”

quarter of 1958.

Ford, under its previous ac- counting system, would have re- ported a net earning of $126,- 600,000 or $2.31 a share in the first quarter this year compared to $22,700,000 or 42 cents a share

last year.

HERE'S THE DEAL YOU'VE \YAITED FOR

Ms Fv ect ne nptnrtnesntite thy toriie® :

seine NA DO NORM

incapable of the] often

Almost any provement is going to require some kind of financing. Projects such as adding a room, finishing ©” an attic or making a recrea- tion room in the basement gen- erally cannot be financed solely out of pocket money.

Following are six ways to fin- ance home improvements:

1. The bank ‘and other lending 'n | institutions). sécurity in monthly income, pro- perty, insurance or stocks and bonds, you. can obtain a loan.

2. ‘Time ‘yapabent plan. You can arrange time payments through the dealer, contractor or a financial institution.

: f f ;

Guardian-Patriot, Wednesday, April 22, 1959. Page 5A

Many Finance Aids Offered’

major home im-

With the necessary

unpaid balance of the mortgage. vary somewhat according te pre | The term of the mortgage is ex-| jects proposed. tended to cover repayment of the increased amount. : 5. Open-end mortgage with no imcrease in time. Monthly pay- ments are -increased to pay off the additiomal loan within the ori- 6. Federal lending authorities have plans that can assist, which| loan best -uited

- IMPROVE YOUR HOME WITH...» Four Star Aluminum Piaducts “

SIDING

< tebemeee WINDOWS, DOORS, AWNINGS, RAILING LAP : mortgage. Often : a homeowner who has some, of} and VERTICAL TRAVERSE BLINDS. his mortgage paid off can refio-|| Lifetime Guaranteed ance it to include an advance for the new improvement. _Ne Down Payment and Nothing

r Gothen | with Te Pay Until August

; mortgage no increase in payment. The mort- Fer Free Home Demonstration Call $532 gage holder advances the cost of (Out of Town Call Collect) ask for Mr. Mcintyre the project and tacks it on to the|]

=>

cents a share reported in the first |

less than 14 price

ONLY

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