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Berkshire Eagle in Pittsfield, Massachusetts

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Berkshire Eagle

Location

Pittsfield, Massachusetts, United States of America

Date

Nov 01, 1969

Page

7

Colonial Hilton Inn expands as Providence Motor Inn is acquired

The Colonial Motor Hotel Corp took over the Colony Motor Hotel near the Providence Cranston line and renamed it Colonial Hilton Inn. George W. Page announced plans for renovations and growth to about 13 New England Hilton motor inns in four years, with Newport and Pittsfield sites under construction for mid 1970s openings and major features including a seaworthy Goat Island resort.

Providence B.I Colonial Motor Hotel Corp Colony Motor Hotel Providence-Cranston New England Hilton Motor Inns George W. Page Hilton Inns Colonial Hilton Inn Page Frederick Bailey Rye N.H Newport Pittsfield Mass Goat Island Hilton Colony Berkshire Common

Mortgage Rates Jump Again Amid Fed Tightness

The Federal Home Loan Bank Board reported July mortgage rates rose to a record 7.90 percent, up from June, as banks boosted lending costs. Savings and loan institutions faced a record $1.03 billion cash drain in July, far above prior outflows.

Washington Federal Home Loan Bank Board Savings and Loan Preston Martin Savings Martin

Builders Assn Urges Fed Help for Housing Market

NAHB leader urged Congress to empower the Federal Reserve to buy and sell government obligations to aid housing. Testifying before the House Banking Committee, Louis R. Barba proposed using FRB open market operations to support mortgages and suggested including FNMA. He argued the move would promote orderly money policy and fair allocation during tight money periods.

Washington National Association of Home Builders Congress Federal Reserve Board Louis R. Barba NAHB House Banking Committee FRB Chatham Federal Home Loan Bank System Federal National Mortgage Association Barba FNMA United States Federal Reserve System

Steady Slump Forecast For Housing

Washington expects housing construction to keep falling for several months per the Commerce Department in its Survey of Current Business. September starts rose to 1.9 million SAAR, ending an eight month decline, while rents rose 3 percent over the year and single family prices climbed about 7 percent last year.

Washington Commerce Department Lgme

Also Mentioned on This Page

Ares Seti Sagi Sahay Providence Motor Inn Herman Baum C.c.b Bari Bonanza RES J. G L. A Bulletin No. K-81 the Register and Tribune Syndicate Knope Ocoee Knapp Oil Corp Ara Str Kelly Lumber CO Crane Ave Philip Lominski NEW England Furniture Weathermaker Jama H.B Foster, Inc Bridge St. Great Berrington Newell Berkshire Site North Pittsfield Supply eScott’s Lawn Food eJacobsen Mowers eAtlas eRubbermaid Products eDutch Boy Paints eCorningware eMillers Falls Rockwell Tools eBlack & Decker Tools Lot North St. Tel S&h Graen Andersen Salz Heritage Homes Sweatland Pierce Atlantic Sweatland Total. Home Comfort ERCE South ST New West ST Pei Ai Sakae TEL Eran Rd
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