Business: Building

Comptroller Walter Stabler of the Metropolitan Life Insurance Co. pointed at a bookkeeper's entry sheet—his company had loaned $5,745,075 on real estate first mortgages last week, and of this had allotted but $25,000 to Manhattan. He still meant what he had said a year ago: "Lofts, office buildings and high-grade apartment construction was overdone. These types are overbuilt and we will not finance any more buildings of this character. However, we are lending money for small apartments or flat houses and one and two-family houses." When he had first said this, President Simon William...

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