The Times
Thursday, October 20, 1960, page 11 (of 24)
The page
The text of this pageRead by computer from the scan, so some words may be wrong. The page picture is the original.
JOHN INMAN, general manager, of Deel Ford in Coral Gables, presents keys to a new 1961 Falcon to Mr. and Mrs. Robert S. Jones, 4900 Suarez. Jones won the Falcon in a recent contest by best describing what he thought are the three most important features of the '61 Ford.
ARE YOU ONE OF 6000 PERSONS who received in the mail recently a card asking you to buy l _ t bulbs when a member of the Coral Gables Lions Club raps on your door? Sorting these cards in the post office to make sure you'd receive one are, left to right, H. O. Morris, chairman of the light bulb committee, postal clerk Dan Miels and K. B. Knable, superintendent of the Coral Gables Post Office. The Lions will be coming to your door for the next two weeks asking you to buy light bulbs so others can see. Purchase of an eight-bulb pack will help provide eye check-ups and eye operations for children.
Caster Tells League Savings, Loan Resources Will Grow To Billions
In a message to the membership, George B. Caster, Florida Savings and Loan League president, predicted last week that the state savings and loan present resources of $3 billion will double in five years and total $10 billion by the end of the decade. "This, in spite of the fact that the 'sizzling, soaring '60's' haven't sizzled or soared as much as we would have liked them to at the beginning of the decade," he said. Caster, president of Coral Gables Federal, spoke to representatives of the 111 League members in convention at the Colonial Inn, St. Petersburg Beach. Percenters On his list of competitive factors for savings and residential financing he listed "the so-called 8 percenters, which have mushroomed in the past year... apparently thriving here in the St. Petersburg area, and to a lesser extent in other parts of the state. "The very fact that so many of these companies have sprung up in the past year, ndicates that they have been successful in obtaining money from the public despite the ambiguity of their advertising. "In many cases, it would appear that these companies place the funds entrusted to them in second mortgage paper, or in extremely high percentage first mortgages, and that investors must rely for security primarily on statements that their funds are insured against loss 'for any reason whatsoever.' "There is a public interest involved here and unfortunately these companies apparently are presently exempt from control under state security laws. "The office of the Attorney General of the state of Florida has been studying these new investment companies, and perhaps the forthcoming session of the legislature will take steps to establish some type of effective control over their opertaion," Caster said. Another competitive factor mentioned was "the continued efforts of the commercial bankers to obtain a change in the tax status of our business." He said if successful "it will result in weakening the financial structure of the nation's only specialists in the field of thrift and home financing." On the plus side Caster pointed to savings in Florida associations that increased by $407 million this past year. He said public faith and confidence brought them the 1.2 million savings account holders now in these Florida associations.
County Building Dips Sharply, But Cutler Up
Four builders in the Cutler Ridge area have contracted to purchase 196 lots during the past 90 days. The total value of purchase is in excess of $500,000. Mark Manor Homes accounts for sixty-one of the lots located at Venetian Point. Crossroads Construction Company have bought eight. Newport Building Corp. acquired 27 lots. Both Crossroads Construction Company and Newport chose the Cutler Ridge Pines for their purchases, as did Citation Homes who purchased 42 lots in this area. In the same Cutler Ridge Pines area Mark Manor has also acquired an additional 29 lots. These same builders prior to the above purchases account for more than 700 additional lots in Cutler Ridge. Florida Water and Utilities which supplies the Cutler Ridge area with water and sewer service states that, contrary to the general decline in home building its rate of hookups of new customer units has increased year by year. In 1956 nd 1957 it hooked up an average of 30 customer units per month; in 1959 an average of 75 customer units per month. For the first half of 1960 it has serviced an average of 112 customer units per month.
Dr. Hoffman Delivers Lecture
Dr. Benjamin M. Hoffman, 2545 SW 21 Terr., presented a clinical lecture to the American Dental Association's 101st annual session in Los Angeles Monday. Part of a scientific program to be conducted in the Sports Arena, Dr. Hoffman's talk was "Integration of Prosthodontics with the Surgical Services of a Hospital." The session, expected to attract 15,000 participants, will include 350 essays, lectures, clinics, films and exhibits.
Brass Key Apartments Purchased By Gableites
Brass Key Apartments, located two blocks from the South Miami City Hall at 7019-29 SW 61st Ave., has been purchased by Edna and Joe Stein, of Coral Gables, for $48,000 for the eight unit, 1-bedroom furnished apartment building and two adjoining business lots. Seller of the property was Jack Stanton, of South Miami. Mrs. Stein is a well-known Coral Gables interior decorator. Cliff Suchman and H. A. Hooper of The Keyes Company's Kendall office cooperated on the sale.
SERTEL-REDUCKA The Insurance Men
FIRE AUTO BONDS LIFE PHONE FR 4-7672 SERTEL-REDUCKA The Insurance Men 1004 BISCAYNE BLDG MIAMI, FLA
H. Hentz & Co.
Established 1856 Members New York Stock Exchange and other leading stock and commodity exchanges Edmond E. Dorit Wendell J. Brown Co-Managers Coral Gables office: 452 Biltmore Way Telephone HI 6-0841
SEE BILL KERDYK OF Elliot & McKiever FOR Home Owners & Automobile Insurance
OFFICE HI 4-1671 HOME HI 3-9580
George Hutton Named 'Leader Of The Month'
George R. Hutton, 3362 SW 6th St., has been named "Commander Leader of the Month" for September by the Fidelity Bankers Life Insurance Corp. Hutton is associated with the Coral Gables office, 401 Miracle Mile. Hutton is a member of the Florida Association of Life Underwriters and is a director of the Coral Gables Jaycees. Last year he received the Dressel Trophy for the outstanding Jaycee of the year.
Florida's agricultural production, valued at $813,000,000 in 1959, had increased 15 per cent from the year before.
FOUNDED 1885 The sad case of the happy investor
For a time he was happy, for he had bought some stocks on a tip that they would go up. And they did - for a short while. But then the rumor that caused the rise proved unfounded-and his stocks declined with sickening speed. To avoid such losses, get your information from a RELIABLE SOURCE. Here at Thomson & McKinnon we are constantly gathering and evaluating the latest and most authentic information on companies and industries. You can invest with the confidence that comes from knowing rather than hoping. Write for our current Investment Survey. 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
ST. MATTHEWS EPISCOPAL CHURCH
7410 Sunset Dr. MO 5-7333 Visitors Welcome Sunday Eucharist, 8:00, 9:15 Nursery & Church School at 9:15 Wed. 6:30 PM Family Night Holy Eucharist, Dinner & Instruction Class.
ALL FORMS OF INSURANCE STUART B. PATTERSON
1510A S. DIXIE HWY. CORAL GABLES PHONE MO 5-1385
We Will MEET YOU In Church
It's a good place to meet your friends-new or old. Ties of lasting friendship are formed here. WHY NOT ATTEND SUNDAY? WORSHIP 8:30 and 11:00 a.m. Also 7:45 P.M. REVIVAL SERVICE by Dr. Baker James Cauthen 6:30 P.M.: Training Union New Member Fellowship Wednesday 7:30 P.M. Prayer Meeting 9:30 A.M.: Bible School UNIVERSITY BAPTIST CHURCH RIVIERA DR. & SEGOVIA ST. Coral Gables T. Rupert Coleman, Ph.D., Pastor
CHRISTIAN SCIENCE CHURCH SERVICES First Church of Christ, Scientist
CHRISTIAN SCIENCE CHURCH SERVICES Sunday Services 9:30 and 11:00 A.M. Sunday School 9:30 and 11:00 A.M. Wednesday Testimony Meeting 8:00 P.M. First Church of Christ, Scientist Coral Gables 410 Andalusia Avenue Free Public Reading Room Weekdays: 9 A.M. to 6 P.M. except Monday and Friday 9 A.M to 9 P.M. Sunday: Reading only 2:00 to 4:30 P.M. 10 Andalusia Avenue
"The churches of Christ salute you" Rom: 16:16 Coral Gables Church of Christ
Meeting At University of Miami Room 308 Merrick Bldg. PHONE CA 1-3014 SUNDAY A.M. BIBLE STUDY - 10:00 A.M. SUNDAY WORSHIP - 11:00 a.m.; 6:00 p.m. "DOING BIBLE THINGS IN BIBLE WAYS AND CALLING BIBLE THINGS BY BIBLE NAMES"
Combs Funeral Home INC.
WALTER H. JACK J. PAUL H. Combs Funeral Home INC. Serving Faithfully since 1896 North-east Chapel 1539 N.E. 2nd Ave. Paul H. Combs, Sr., Mgr. Coral Gables Chapel 1661 S.W. Douglas Rd. (37th Ave.) Glen H. Spencer Mgr. PHONE FR 3-2101 DADE COUNTY'S OLDEST FUNERAL SERVICE