The Coral Gables Times

Thursday, January 25, 1962, page 12 (of 19)

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Loans Drop Here In 2 of 3 Banks

Two of the Gables' three banks showed a substantial decline in their loan volume-key to profits-for 1961 compared to 1960. The third banking institution increased its loans over the previous year and nearly doubled the state average among 321 commercial banks. Showing a drop in loans were Coral Gables First National Bank and Florida National Bank. The increase came at City National Bank of Coral Gables. At First National, loans were down from $15.8 million to $12.7 million, a drop of 19.8% Asked about the decrease, President Lundeen said; "There has been a national decline in installment lending and this is reflected in our figures. For the past year, our other loans-commercial, what we call 'discounts' and so forth-were constant. "In the coming year we look for a nice steady growth in installment lending and all other portions of our loan portfolio." Florida National's decline was slightly less in percentage points, 17.2%, on a drop from $6.1 million to $5 million. City National's increase was from $5.5 million to $6.1 million, a percentage gain of 11.7%. The state average increase was 6.8%. In deposits, the banks looked like this comparing 1960 and 1961: City National - up 20.2%, from $11.6 million to $13.9 million. CG First National - Up 4.9%, from $37.4 million to $39.2 million. Florida National - Up 0.4%, from $19.9 million to $20.06 million. The state average in deposits increase was 7.6%. This is against the national figure of just above 4%.

Business Course Wants Students

Register now for eight week sessions in business studies at the Coral Gables Youth Center. Instruction is offered in typing beginners and advanced (typed outline for 8-lessons); Pitman shorthand beginners and advanced; also speed dictation (60) words per minute and over. Classes meet every Thursday evening 7 to 10 o'clock. Afternoon classes will be available when registration is adequate. The fee is $12 for eight sessions.

Deed Changes

Gleason to Patrick F. Crook and Lorna, 2716 Granada Blvd. Burley to Elsie B. Osborn, 519 Catalonia Ave., $22,500. Gewald to Harry Hoffman, 231 Camilla Ave., $21,000. J. Horan to H. Elizabeth Peters, 3621 Granada Blvd., $42,500. Gorham to Wanda Van Brunt, 3801 Alhambra Cir., $65,000. Fleischer to William J.C. Wang and Eunice, 2909 Galiano St., $6,000. Menendez to W. L. Huntley, Jr. and Carol, no address given, $16,400. Kopo to Frank L. Klebba, 2719 Ponce de Leon Blvd., $19,000. Mayes to James B. Byrne and Catherine, 109 Miracle Mile, $4,300. Welsh to Romeo Trujillo and Juana Lora Trujillo, 2521 N. Greenway Dr., $35,000. M. and M Cafeterias, Inc. to Bickfords, Inc., c-o Hoffman, Kemper, 1115 DuPont Bldg. Danube Trading Co. to Morris Young and Serine, 23-27 Phoenetia Ave. Dahl to David Matter, and Beatrice, 223 Menores Ave., $25,400. Baron to Sigmund P. Rosen, 1516-26 Ponce de Leon Blvd., $90,000. Prosser to Marian B. Jarrett, 848 Al- berca St. Snowman to William C. Weiglein and Catherine, 299 Madeira Ave., $25,000. Daw to Jay Mallin, 28 Maiorca Ave., $38,000. Rather to Gilbert Zaldivar and Mary, 108-110 Aragon Ave., $19,500. Richards Lavan to Tulio J. Mansone and Ann, 1527 Certosa Ave. Foreman to Mario Merloch and Christine, 1541 Delgado Ave. E. B. Leatherman to William Segal and Nathan Lakin, 1579 San Ignacio Ave.

University Federal Reelects

Fred B. Hartnett, John M. Montgomery and Ben W. Turner have been re-elected for three-year terms to the Board of Directors of University Federal Savings and Loan Association of Coral Gables. Dr. S. Hill Gordon, a dentist and a director of the association, is the new assistant secretary. Hartnett, Montgomery and Turner were also reelected officers of the institution. Hartnett is president. Other officers and members of the eight-chair board are Byron M. Nelson, executive vice president; James W. McCaughan, secretary; Fred W. Hooper, and Don H. Wessell.

PETERSON'S STEAK PLACE

7140 S.W. 8th ST. | CA 1-4563

R. C. Nahm To Leave Bank, Join Kraco

R. C. Nahm, 1428 Certosa Ave., executive vice president of First Bank and Trust Co. of South Miami for three years, has resigned to become vice president and director of one of the largest manufacturers of insulating material. Nahm will join Kraco, Inc., with offices at 13100 SW 85th Rd. Nahm's resignation becomes effective Jan. 31, bringing to a close 18 years of banking in Cleveland, Lake Worth, the Gables and South Miami.

AUTHENTIC ORIENTAL WIND CHIMES

MANY VARIETIES | WILMAR IMPORTS | RED BIRD SHOPPING CENTER

$165,234 in Permits Issued for Building

Eleven building permits totalling $165,234 were issued by the Coral Gables Building Department last week. Obtaining permits were Grand Building Corp., 740 Palermo Ave., residence and screen enclosure, $22,000. Mr. and Mrs. Louis A. McGhan Jr., 522 Mataga Ave., addition, $4,000. Mr. and Mrs. Dave Pullman, 4808 Granada Blvd., residence and screen enclosure, $42,000. Richard Rheingold, 4101 University Dr., residence, pool, screen enclosure, $32,000. Mr. and Mrs. M. Borek, 426 Alminar, Ave., addition, $4,000. Henry Scheverman, 825 Venetia Ave., residence, $15,500. Mr. and Mrs. Gustave Serino, 1441 Robbia Ave., residence, screen enclosure, $25,000. Paul S. Jostrom, 1300 Campamento Ave., bulkhead, $1,800. Mr. and Mrs. S. Paetro, 6820 Gratian St., screen enclosure, $1,876. Mr. and Mrs. J. Halpern, 6810 Gratian St., screen enclosure, $2,058. J. A. Collins Jr., 1235 San Miguel, residence, $15,500.

Limited Offer | TYPEWRITER - ADDING MACHINE SPECIAL

YES! YOU DON'T NEED SECURITY TO OBTAIN A LOAN AT CORAL GABLES FIRST NATIONAL BANK

Thousands of loans made annually on personal signatures alone. | GIVE US A CHANCE TO SAY YES! | Phone HI 5-2661, ask for INSTALLMENT LOAN DEPT. | CORAL GABLES First National Bank | 100 MIRACLE MILE

CONSOLIDATION NOTICE | THE DEERING AWNING CO.

hereby announces the merger of the PEERLESS AWNING CO. and the CORAL GABLES AWNING CO. with the DEERING AWNING CO. | The business is now conducted under the name of THE DEERING AWNING CO. | Customers of both the PEERLESS AWNING CO., and the CORAL GABLES AWNING CO., will receive the same first class service which was customary from these fine well known companies. | THE DEERING AWNING CO. has been in the awning business in this area for over 30 years. | 4000 PONCE DELEON | HI 6-1808 | AT BIRD ROAD | CORAL GABLES | HI 3-7600

How much service do you expect from a stock broker?

If you think, as some people do, that a broker is interested merely in buying and selling stocks for his clients, you may be in for a real surprise. A good broker is also interested in having you succeed in achieving your investment aims -for your success is his greatest asset! On this conception of brokerage service we have built a thriving organization. We now maintain 43 offices in the United States and Canada, and are serving more clients than ever before. For stocks that are BUYworthy write for our latest report. THOMSON & McKINNON | Coral Gables, 2504 Ponce de Leon Blvd. Highland 4-4683 | Miami, 110 Security Trust Bldg. (119 E. Flagler St.)..FR 4-7601 | Miami Shores, 9699 N.E. Second Ave...PL 8-4756 | Miami Beach, 927 Lincoln Road...JE 8-6711 | MEMBERS NEW YORK STOCK EXCHANGE AND OTHER PRINCIPAL SECURITY AND COMMODITY EXCHANGES

light up OUTDOORS for extra nighttime living pleasure

Suddenly your shrubbery, flowers and trees "bloom" at night. Your house and garden take on a dramatic, exciting appearance. Outdoor electric lighting lifts your home out of the ordinary and lets you enjoy a whole new range of after-dark activities. You'll actually make your patio or yard into another room. Cookouts and outdoor entertaining at night become real fun. Outdoor lighting provides an emotional impact and romantic enchantment...brings new evening glamor to your favorite beauty spots. And an electric post-lite at your driveway or door entrance will beam a friendly welcome to guests and discourage intruders. You can select from many types of smart, new, inexpensive outdoor lighting fixtures at your electrical contractor's or favorite store handling lighting equipment. In Medallion Homes "Light for Living" assures abundant lighting for comfort, convenience, beauty...inside and outside. Be sure to ask for FREE 24-PAGE IDEA BOOKLET-"LIGHT FOR LIVING, OUTDOORS" It tells how to light everything, from shrubbery to barbecue, from palm trees to garage walk. there's no Match for flameless Electric Living ...IT'S CHEAPER, TOO! FLORIDA POWER & LIGHT COMPANY HELPING BUILD FLORIDA