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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Lgme
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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