Believe Sam Insull Plans A Comeback
The 73-year-old financier, believed to be enjoying a Paris stay with his wife, figures in a cautious comeback scenario. Insull insists on day to day plans, enjoying life while noting that Commonwealth Edison and Peoples Gas issues remain investor favorites and earnings strong.
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Home Loan Board Sees Deluge of Local Mortgage Apps
Washington AP Franklin W. Fort says the Home Loan Bank system will open October 15 but already faces a deluge of direct loan applications. The board screens requests and, when mortgage collateral is sound, forwards them to state lending bodies and building and loan associations for refinancing. Local institutions may pledge interim mortgages to obtain funds once regional banks open.
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