davidaulloa/AmericanStories huggingface dataset:
The Waterbury Democrat., 1936-05-16

His foresight told him a couple of Harlem hooters w away with costly musical full of highly waged principals right twce-in Scandals" and "The Foles" which himself although he never let on.
The Waterbury Democrat., 1936-05-16

His skureadng supported by the notices f This Be Treason when he said play treating of U Sapancse would soft handling the but would perish from bOxOncc anema YOu and wouldn't know that)
The Waterbury Democrat., 1936-05-16

Any Hollywood gal he ventured, who East for first at the stage would rate lifted eyebrows from the typewriter whether any good not Richard Barhcmess isn't but that's only half the prediction
The Waterbury Democrat., 1936-05-16

He figured the Algonquin would their In the air of their number churned preduous George Kaufman with First Lady, Robert Sherwood with dicts Delight" the only Algonquin entrants and Nathan Zi0ncheck if he wants to make something of that
Henderson daily dispatch., 1936-09-01
Starches and Fats Supply
Body Energy and Heat

drate diet, and yet have numerous
fat deposits in the body when this
diet has been continued for some
time. Thus the carbohydrates have
to be reckoned with in planning a
treatment for that typical disease
of fat metabolism-obesity.
An Unsettled Question
Whether fat is ever converted
into carbohydrate in the body is an
unsettled question.
Neither fat nor starch ever go
to make up protein because protein
has a molecule Of nitrogen which
element is absent from both starch
and fat. Protein, however, lis con-
verted into both starch and fat in
the body.
In utilizing food for energy the
body cells select starches and SUI
gars first. The body burns with a
bright flame In the presence of
carbohydrates. That is why the
person who is undergoing hard
physical exertion can and does eat
sugar, fruits and candy In large
amounts. IF enough carbohydrate
Is not available for energy the body
probably breaks down protein into
carbohydrate at the same time that
it burns fat. The last burns very
slowly and on an exclusively fat
diet we would probably be very
sluggist animals.
Thus the carbohydrates are the
sparers Of the protein. Under cir
cumstances Of increased heat pro-
duction, as in fever or under the
pounding of thyroid activity, there
will be little loss of weight If
enough starch and sugar is kept in
the diet to supply the extra fuel
needed. 1t is on this plan that the
modern diet FOR fevers is planned
Henderson daily dispatch., 1936-09-01

BY LOGAN CLENDENING, M. ID.
THE FUNCTION Of nutrition is
very complicated one. While it
has for its object single accom-
plishment, which is to supply ener-
gy to the body for muscular move
ment, and presumably for nervous
Notwithstanding thought, a num-
Der Of things must be adjusted in
order to accomplish this. The tenn
perature of the body must be main
tanned or is maintained as by
product of nutrition. And for this
and for the energy itself, food must
supply the fuel.
The foods which ordinarily sup
ply this energy and heat are the
starches, sugars and the fats. Since
nutrition is such a complicated
function their relationships are
very complicated and interdepend-
ent. Seldom does disturbance In
the proper utilization Of one by the
body go on without effecting a dis
turbance in the metabolism Of the
other. Thus while diabetes is a
disturbance Of starch metabolisrn,
there is always a disturbance of fat
metabolism present also, especially
when the diabetes is severe. And
under any circumstances, in plan
ming a treatment for diabetes as
much consideration must be given
to the amount Of fat in the diet as
the amount of starch.
Since the chemical elements In
their makeup are the same-car.
bon, hydrogen and oxygen only
the body can build fat from carlo.
hydrate ingested in excess of the
needs of the body for energy. This
has been definitely proved by feed
ing experiments in which animals
are given an exclusive carbohv.
Henderson daily dispatch., 1936-09-01

Of course play had reached the
stage where fulfillment of the
small slam contract was the SIM
plest sort Of play. South had only
to play off his two top hearts and
top diamond, then have dummy
ruff the 2 Of hearts. The good K
Of spades in dummy was useless,
as declarer had to ruff the thir-
teenth trick.
There are 68 chances in 100 that
5 missing cards Of a suit will be
divided 80, but when there are
cards missing there. are only 35
chances in 100 to find them evenly
divided. Clubs was the better call
for South, being no more difficult
to make 6-cdd at that make than
to make 5-odd at diamonds.
Henderson daily dispatch., 1936-09-01
CONTRACT BRIDGE.
WRITTEN FOR CENTRAL PRESS
By E. v. SHEPARD
Famous Bridge Teacher
Famous Bridge Teacher

&z1cE. definitely ScSs.ssi:ig the ace.
The Q Of hearts was covered with
Vests Ace. Dummy used next to
it's last trump to ruff. The K of
diamonds was led, followed by the
Q of that suit. When led dummy's
last diamond, and put up the Ace,
as if l lacked the j, West ruffed
with his last trump. Then he made
his only return lead which might
defeat me. He led the Ace of
spades. I ruffed with next to my
last trump. The last five cards
held by each player were as showr
below.
Henderson daily dispatch., 1936-09-01
4 None
y K @ J 10 2
y A J 8 5
= A 4 3 2

Bidding went: South, 1-aeart;
West, 1-Spade; North, Double;
South, 2-Hearts; North, 2-Spades;
South, 3-Diamonds; North, 4-Dia-
monds; South, 5-Clubs, to show his
5-4-4-0 distribution; North, g.
Clubs; West, doubled on his trick
in trumps and Ace of hearts. It
looked like sure defeat for de-
clarer. Then I sat down to try to
fulfill what looked like a hopeless
contract.
Anticipating a cross-ruff, West
led his 10 of clubs. Dummy's j
won. The z of clubs was led.
Again East followed suit. The Ace
won the trick, leaving West with
his bare K Of clubs. He did not
look SO pleased at that, with
dummy void Of hearts.
The K Of hearts was led. When
West played low, dummy let go a
spade. Of course the K held the
Henderson daily dispatch., 1936-09-01
HERE'S A FEMEH

I ENTERED the card room, just
after the following deal had been
made by South. He was in a hurry
TO catch his train and asked me to
finish the rubber for him, after he
and North had completed bidding
their holdings.
AK 10 8 642
. None
* -
@ J87
"A is r17 As7
vase s Ill : 10 s : - : >
\97 G Sk65
aK 1919 49,
a None
%K Q J 10 3
D A J85
4 A 432
Evening star., 1936-03-01
Social Activities of
Interest in Staunton

STAuNTON. Va, February &c..
Mrs. w. A. Quick has gone to Wash.
ington. where she will visit her sister.
Mrs. ]. Frank Clark
Miss Mary Frances Dudley has re.
turned from Washington, where she
has been visiting her father, Mr.. w.
B. Dudley,
Mr.. and Mrs. Wayt b. Timberlake
have returned to their home here
after visiting their daughter, Miss
Emily Timberlake, a student at Duke
University, North Carolina.
Mrs. J. G. Breckenridge Catlett and
son, Mr.. Guy Catlett, left this week
by motor for an extended trip to the
West Coast. They expect to be away
about six months, planning to visit
points in Mexico and returning
through Canada and the East Coast.
Mrs. E. J. williams Of nearby Rock
bridge baths has announced the
marriage of her daughter, Elizabeth
Echols, to Mr.. Taylor s. Burwell. son
Of Mr.. and Mrs. Morton BEwell Of
Oxford. N. c. They will make their
home in oxford, where Mr.. Burwell Is
engaged in business.
Miss Elizabeth Newton has returned
to her home here after spending
few days with Miss Mabel Lee Walton
at her home in Woodstock.
Mrs. Malcolm Holiday left Tuesday
for Washington, accompanied by her
daughter. Miss Jean Holiday. q stu
dent at King Smith studio, who has
been spending the semester period
at her home here. They were accom-
panied by Miss Hattie Blackburn, who
returned with Mrs. Holiday.
Miss Virginia Bradford, who spent
last week end in Washington, has
gone to Annapolis, Nd, where she will
attend the games and dance this eve
ming at the U. S. Naval Academy.
Col. and Mrs, Morgan H. Hudgins
of Waynesboro attended the wedding
in Norfolk of their niece. Miss Flea.
nor Langhorne Hudgins. to Lieut.. Tay-
lor Keith, U. s. Navy, which took place
Saturday evening in Christ and st.
Luke's Church.
Miss Patsy Morehead has returned
from Philadelphia where she spent
several months. and will be here
through the Spring and Summer with
her parents, Mr.. and Mrs. Clyde More
head. at their home in Stuarts Draft.
Mr.. and Mrs. ]. Waller Callison
attended the wedding in Richmond
Friday morning of Miss Frances Ann
Taylor to Mr.. Edmund L. Benson,
which took place at noon. Later they
Joined DR.. and Mrs. John Shelton
Horsley, and with them attended the
wedding in Suffolk of Miss Roberta
Corbitt to Mr.. Tomlin Braxton Hors-
ley Saturday afternoon.
Evening star., 1936-03-01
Miss Madison to Be
Honored at Luncheon

Miss Dolly Madison, vice president
of the Young Republican Clubs of the
United States. will be the honor guest
and speaker at luncheon to be given
by the Junior Club of Republican
Women of the District of Columbia
Tuesday, March 10. at / o'clock. The
luncheon will be held at the National
Capital Republican Club at Sixteenth
street and Scott Circle. Miss Madison
will give short talk on What Your
Club Can Do to Elect a Republican
President
Mrs. Helen Wheeler, acting presi-
dent of the club. also announced today
that Mrs. Gordon Edmunds, chair
man of Entertainment, has prepared
an interesting program. Reservations
may be made with Miss Betty West,
social chairman.
Evening star., 1936-03-01
Items of Interest
In Rockville

Miss Elizabeth Meany and Miss
Grace Alder, Montgomery County pub
lie school supervisors, have returned
from st. Louis, where they attended
the annual meeting Of the National
Education Association.
Mrs. w. French Green Of Olney dis
trict Is spending several weeks visit.
ing her daughter, Miss Mary Green, in
Richmond, Va.
Evening star., 1936-03-01

Head are spending the Winter in
Florida.
Mrs. Paul J. Bailey of st. Clements
Bay Is spending this week as the guest
of her mother. Mrs. Mary Chesldine, at
her home in River Springs.
Mr.. and Mrs. j. E. johnson Of
Indian Head have with them this
week their daughter. Miss Selma john
son. who is an assistant superintendent
of the hospitals in Farmville. N. G.
Evening star., 1936-03-01
Congressional Club
Tea Fridav

DR.. Joseph r. Sizoo will be the
guest speaker at the Congressional
Club Friday afternoon at 3 o'clock.
DR.. Sizoo's subject will be England
as Saw It." Following the lecture,
tea will be served.
Evening star., 1936-03-01

Helena Rubinstein's Special Beouty Con.
suItont will be here Mondoy, March z, to
Saturday, Moreh J. for individual eonsulto.
tions. She will advise you on home beouty
core and the new moke-up.
Evening star., 1936-09-27
Cottonseed Oil.

n
Cottonseed Oil.
Bleachable cottonseed oil was firm
TODAY rejecting the strength in lard
and grain. On scattered covering and
g. Southern buying. prices ended Z
to "A points net higher. Sales, "a
contracts. Bleachable spot, nominal,
September closed 1893; OCTOBER
1912; December, 1924; January,
1925; March 1898.
Evening star., 1936-09-27
new YORK COTTON
Ey tie Associated Press.


NEW YORK, September 26.-Cot-
ton was higher today on buying at
tributed to constructive view OF
overnight developments in connection
with the devaluation of the franc.
December advanced to 1l.94, or l6
points net higher and closed at ll.8S.
The general market ended barely
steady, but from to IA points net
higher.
After opening steady at an ad-
vance of 5 to 7 points, the market
showed some further irregularity at
tributed to technical readjustments,
hut quickly turned upward on trade
demand and covering. Houses with
French and continental connections
were reported among the early buy
ers. While the market encountered
considerable hedging, it appeared to
be readily absorbed.
Closing quotations were to 6
points off from the best under in
creased hedging in late trading.
Prospects for rain and colder weather
in the Western belt over the week end
seemed to have brought in some buy
ing during the morning. The mar
ket showed indications of an improved
technical position following recent
liquidation. The amount of cotton
on shipboard awaiting clearance at
the end of the week was estimated
at $1,000 bales against 1900 last
year.
Evening star., 1936-09-27
MACHINERY TRADE
SCORES SHARP RISE
Standard Statistics Says Index
Jumped From "a in March, 1888,
to 1901 in July, 1886.

Special Dispatch to The Star.
NEW YORK, September 26.-1n its
weekly summary of the general busi-
ness situation, the Standard Statistics
Co. of New York currently comments
as follows:
The index of machine tool orders
and shipments has been in q major
uptrend since March, 1898. From the
low level of IA reached in that month,
the composite index has advanced to
1901 in July. 1896. This phenomenal
rise over a period Of three and one
half years has been reflected in Q re-
turn of machine tool industry opera
tions to q profitable basis. But its
significance does not stop there, for
the extremely sensitive index figures
have proved an accurate indicator of
the general level of activity In the
so-called heavy machinery, or capital
goods, lines.
During August, the index reacted
somewhat to Q level Of 1878, but ex-
animation of the record indicates that
incoming orders, nevertheless, were
being received at highly satisfactory
rate.
Evening star., 1936-09-27
FOREIGN EXCHANGES.

NEW YORK. September 20 gP.-The
French franc and the pound sterling slip
ped downward today in the New York
foreign exchange market, the only major
center where dealings were recorded.
There was no trading in either London
or Paris because of the French devaluation
move. and in New York early quotations
Actual Transactions near the close. how
ever, placed the franc at 5.12 cents. down
1.463s cents from the overnight close
Sterling. quoted at 4,90 early in the
Bank had offered I'll 900. 900 at the mar
ket, improved to finish At S4.91: on g
the American equalization fund had ao-
sorbed the Russian offering.
The Dutch guilder was of / .53 to 65 .95
cents and. the Canadian dollar slipped
Swiss franc was not quoted.
Closing New York rates follow:
Great sritain. demand. {.s4: cables. 4.sS:
cables. s. II: Italy. demand. 7.s3h: cables.
Holland, 65.95: Norway. "a. .9S:. Sweden.
1888: Denmark. 90 20: Montreal in New
York, 99 .93st: New York in Montreal.
100. .06H. Others unauoted.
Evening star., 1936-09-27
Dividend Changes.

NEW YORK, September rs P).-
Favorable dividend changes IN the
last week totalled II, against "a in
the preceding week, according to the
Standard Statistics Co. of New York.
Unfavorable changes numbered two.
the same as the week before. De-
tailed figures for the last two weeks
follow:
Favorable.
Twenty four increased-Brooklyn
Manhattan Transit, Hart g. Cooley,
Hawaiian Sugar, Kelley Island Lime
& Transport, Michigan Seamless
Tube, st. Paul Union Stock Yards,
Smyth Mfg, S. Stroock & Co. Tay-
lor Colquitt Co., Fafnir Bearing, North
& Judd Mfg, Art Metal Construction,
Investors Fund C, Kendall Refining,
Nunn-Bush Shoe, Superheater Co.,
Atlantic Steel, Canadian General In
vestments, Honolulu Rapid Transit,
Inter Island Steam Navigation A. G.
Plan Providence), American Dis
count. bravo Corp, 6 per cent pfd.,
Plume g. Atwood Mfg.
Twelve resumed-Lion Oil Ref1n-
ing, American Products Partic pre-
ferred, Ken-Rad Tube & Lamp class
A, Northwestern Electric 7 per cent
first preferred, Seaboard Commercial
class B common, L. c. Smith g. Cor
ona Typewriter, Tom Reed Gold
Mines, American Meter, Wilton Rail-
road, Dolese g. Shepherd, Lit Bros.
6 per cent cumulative preferred,
Spicer Mfg.
Thirty-one extra - Akron Brass
Mfg, Easy Washing Machine common
A. Easy Washer Machine common B,
American Stove, Cincinnati Advertis-
ing Products, Farmers g. Traders Life
Insurance, Guarantee Co. of N. A.,
Kelley Island Lime & Transport, Ler-
ner Stores, Ohio Wax Paper, Personal
Loan & Saw. (Chicago), Smyth Mfg,
American Box Board, American Their
mos Bottle common A, Anheuser
Busch, North American Rayon class
A common, North American Rayon
class B common, Industrial Credit Of
N. E., Link Belt. Minnesota Mining
& Mfg, Pyle National Co., Creamery
Package Mfg, Hibbard Spencer Bart
lett & Co., Kalamazoo Stove, Middle
sex Products, Pacific Lighting, Rich
mond Insurance Co. IN. ", Secur-
tiles Investment Co. (St. Louis),
Shasta Water, Woodward & Lothrop,
Great Lakes Engineering Works.
Ten initial-Chicago Mill Timber
class A common, Chicago Mill Timber
class G common, Kable Bros, National
Baking per cent preferred, Clorox
Chemical, Los Angeles Industries, Up
son Walton, King Seeley Corp, U. s.
Hoffman Machinery, 51a per cent con-
vertible preferred, Mcclellan Stores.
= UntaVOrabIe.
Two passed-Leader Filling Stations
preferred, American Ice 6 per cent
Ion-cumulative preferred.
Evening star., 1936-09-27

Dividend rates IN dollars based on last au.Iery
others are dealt in as unlisted issues tAnnusl Iatenot
Companies reported In receyership being
Evening star., 1936-09-27
CURB LIST JOINS
GENERAL ADVANCE.
Leaders Up Fractions to
Point or More Despite
Some Selling.
BY the Associated Press.

By the Associated Press.
NEW YORK. September 26.-The
Curb joined other financial markets
today in a favorable response to the
French currency revsluation plan.
On an irregular advance during the
first hour there was some increase
in offerings, but at the finish leaders
generally we're improved fractions to
point or more.
Gulf Oil, Margay Oil, New York g.
Honduras Rosario Mining. Apex Elec-
tric and Dow Chemical were among
those scoring the largest gains. Frac-
tionally on the plus side were Wayne
Pump, Niagara Hudson Power, Amer
lean Light & Traction, Electric Bond
g. Share and United Gas.
Transactions totaled $4,000 shares
against 2O4, 1000 the previous Saturday.
Evening star., 1936-09-27
PACIFIC MUTUAL d.
= PLAN PRESENTED
Provides for Reduced Benefits
Under Non. .Cancellable Poll.
cies-0thers Protected.
py the Associated Press.

By the Associated Press.
RICHMOND, Va. September 26.--
The revised rehabilitation plan for the
Pacific Mutual Life Insurance Co.
provides for a reduction of Dement'S
under non-cancellable policies of from
8 to 10 per cent, but would protect
all other contracts In full, the in.
surance division Of the State Corpora
ton Commission was informed today.
George A. Bowles, superintendent
OF insurance, said the plan was filed
in Superior Court, Los Angeles, Calf :.
and an order had been issued giving
any objectors 20 days in which to
reply.
Under the new proposal the new
company reinsures and takes over
assets Of the old and assures protec-
ton Of all policies except the nom
cancelIable income policies.
The new company may be mu-
tualized at the end Of 10 years.
Evening star., 1936-09-27
HUDSON TO RETIRE NOTES.

NEW YORK, September '26 R.-
A. E. Barit. president Of Hudson
Motor Car Co., announced the COM
pany will retire $1,000 900 of 6 per
cent mortgage notes October /, reduc-
ing the issue to $4,750,0 900. face value.
He said profitable operations In 1896
a6 made possible the redemption.
Evening star., 1936-09-27
CHICAGO GRAIN
BY thl Associated Press.

0y tht aosVSiuNc0 ANoo-
CHICAGO, September 26.-Regard-
less of devaluation Of the French
franc. Chicago wheat prices closed to-
day without any particular nervous
ness.
Action of France in debasing her
currency was looked upon by most
grain traders as bullish in the long
run as to all commodities. Dwindling
Of wheat supplies in exporting coun-
tries received increasing attention.
No month-end fireworks in Sep
tember corn contracts were witnessed.
Wheat closed steady. at the same
as yesterdays finish to Is higher;
September, 1.l7A-&; December
1151s-h; corn, 1s of to y up: Sep
tember, 1.16-1.1612; December. s5hs-
u; oats, 1s-% advanced and barley
up 5k cents with provisions un-
changed to 20 cents bulge.
Grain range at principal markets
today:
Evening star., 1936-09-27
AMERICAN HAIR & FELT
ACTION is DISMISSED
By the Associated Press.

By the ASSociated PreSs.
CHICAGO, September 26.-Federal
Judge Charles E. Woodward dismissed
today suit filed by minority stock
holders Of the American Hair and Felt
Co. to restrain the officials of the
company from calling In and redeem
ing 100000 shares Of stock at IS q
share.
Judge Woodward held the matter
was an internal affair, subject to the
regulation Of the Delaware laws un-
der which the company Is incorpo-
Atod.
Evening star., 1936-09-27
Y SUMMARY OF THE NEW YORK CURB
Stocks and dividends.

WEEK ENDING SATURDAY, SEPTEMBER 2s. 1886.
BY the Associated Press.
Evening star., 1936-09-27

SEPT. WHEAT Previous
Min'DoI,. -i:$s3 1871: I:$SE i$sss
Epoo Es sy CESS a4.d IS aS a%d S. !ae as.d 1!sa S
DEC WHEAT
Chicago ---1.15A 1.14h 1.15h 115h-A
Mn kMin,polis n,,v i .IsE 12sn 122sh 122s
VsaDsei M1snssfi IS ss ga S ga !. ?S ga iss sss
ShlSssa snesil. 51 Ia2 1s2 III. liz: 1stt"" IL
WINS wnsDss '11fa 116s i1d iiS i1Ss 1iiiSSss iiiSss
I,ysIsssi aAssa y. XhsAs sAa ), cd =. sna 1.lsn
Exchange unouoted.
SEPT. CORN
sass sss1ssse e,., III 11am 1iS 5 11Sm liz 1iil0 lin
R.s: DIV sS& ss& ss& 80. 81. SIX ssss"
chIssso chsI -o1 oA.22N ..22N AZ .4sr A.
W.Dss. VIZ So''e Oct. .4ss. :4sH .ffsn .fsn 44ss: ~:
Note-Liverpool prices cannot be reduced
to American equivalents because Of the
suspension Of foreign exchange trading.
Chicago Cash Market.
Cash wheat-No sales. Corn-No. !
yellow, 1.12ha1.17h: No. yellow.
1.l21za1.17h: No. 3 yellow, liza
Lisa; No. 4 yellow, 1.12a1.14; No. S
yellow, l.l0a1.1l. Oats-No. white,
4oa46A; No. : white. 4Sha46; sample
srads. ~ No N aAzlsS-yssd. ia
Evening star., 1936-09-27
IS, nominal: mailing. 1.15a1.49. NOM
inal. Timothy seed, 5.75a6.00 a hun
dredweight; new, 5.50a5.75 hundred
weight: clover seed, 1400a21.00.
Nan Karh Gash Rrices

New York Cash Prices.
NEW YORK, September 26 P'.-.Rye
easy: No. western. GLE New YORK
OOA Wheat. spot steady: No. J.. dark
Northern Spring. C.IF. New York. 1.60ss;
No. /. Manitoba. FOB. New York. 1:16h:
prompt shipment. l.161s. Corn, spot
steady: No. 9. yellow. CI;F. New York,
l.3ON: No. 3. yellow, 1904. Oats. spot
steady: No. 2. white, 81.
Evening star., 1936-09-27
New Orleans Prices.

Nrw ORLEANS September 20 P,-
rotton Gained 20 cents a bale today in a
6uIliSh 6IfiSfi response to the proposed devalu-
alton of the French franc.
While buying was not in volume the
4raSe-end Speculative interests were forced
to bid the staple up to fill commitments,
There was a mild sell-of from tne
steady 10 to II points higher,
October closed at II .93 bid. December
at l1.sS, January at l1.o6 ana May AZ
Spot cotton was IL points higher at
New Orleans. selling at 12.2s.
Scattered rains in the West furnished
Cottonseed oil closed steady; prime
sur1mer yellow bleachable, 9.75a9 ;95:
nrime crude, S.62l2 l2aS.75: October. 9.67b:
December. 9.76b; January. a.77b: March,
oS2b; May. 9.S3b.
Bid.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1936-05-02
SHARP UPTURN seen
IN BUILDING ACTIVITY
1885 Total to Be TripIed
This Year.
Times Special

Itmes Special
WASHINGTON, D. c., May a.
Commitments to insure home mort
cages afford the best barometerS of
the nations residential building &C
tivity, according to Stewart Nc
Donald, Federal housing admins
traitor, who today announced that
complete reports from all over the
country bear out his recent indica-
ton that at least three times as
many dwelling units would be con-
structed in the United States during
1886 as in 1885.
Mr.. Mcdonald announced that
through the week ended April IS,
home mortgages selected for ap-
praisal numbered 63,118, with a
dollar volume of 54,365, 064.
Commitments to insure mort
cages" Mr.. Mcdonald said, "have to
certain extent taken the place of
building permits as the indicator of
actual home building that is to
come, since the commitment is often
issued before the contractor applies
for building permit. The commit
ment to insure mortgage starts
the hammers and saws going.
I'VE can not, OF course, insure a
mortgage on a building that doesn't
exist, but when our experts have
examined and approved the plans
and specifications for a home. we
issue commitment to the lending
institution agreeing to insure the
mortgage on that structure"