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Corry Evening Journal in Corry, Pennsylvania

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Newspaper

Corry Evening Journal

Location

Corry, Pennsylvania, United States of America

Date

Jun 23, 1951

Page

4

Mortgage and building shifts in 1951 housing policy

Inland mortgage data shows down payments on new homes and age limits for apartment projects under new rules. Early 1951 housing activity nears 1950 dollar levels, despite higher costs and slower construction in spring. The report notes home costs, loan exemptions, and expected regulatory limits on future developments.

Housing Boom Pressured by Shortages and Curbs in 1951

Scarcity of skilled labor and credit restrictions slow 1951 home-building, though near the 1950 peak. Despite curbs, construction is expected to rise to about 2 million starts. Senate approves a $144 billion FHA mortgage insurance expansion and related housing funds. Wholesale building material prices rose 17.7 percent since March 1950. Defense act controls may be extended. industry groups seek looser credit rules yet real estate credits continue to expand. Mortgage down payments vary by price. non veterans face 10 to 60 percent.

Senate House Federal Housing Administration Construction Co Congress U.S. Chamber of Commerce Chamber Morbade Woods Natorial Association of Real Estate Boards

Reich Company to Open New Store on North Center Street

Twenty years ago notices report the formal opening of the H. M. Reich Company store in the Hortz block, with Pete Wilsted named manager. Also noted are Corry Summer School opening with 110 pupils, potential summer band concert cancellations, Dr. Hugh O’Hare’s Rotary talk on medical history, and a coming fall race for city treasurer with three candidates already in field.

H. M. Reich Company Ray Chain Hortz Block North Center Street Pete Wilsted Ray Reich Hugh O'Hare Rotary Club Ity

How's Your I. Q. 1 Classified Challenge

A quirky questionnaire promises a score based on 10 questions, linking memory and monthly averages to a memory-boosting habit. It hints answers are on the Classified Page and includes odd questions about Lexington Virginia politics penguins and ancient texts.

Lexington Eugene Milliken U. S. Senate

Local notices mix of court, military calls and community events

Local residents react to perceived injustices after a case where a criminal with a long record avoided prosecution by seeking hospital care, then roamed freely. Second Lieutenant Richard Carlson of East Pleasant Street is ordered to report to Fort Belvoir on July 13 as a newly called up reservist. Local pilots invited to a breakfast at Olean’s Midway Airport opening July 15. Nurses at the city hospital address pay report corrections amid a $10 daily minimum for general duty work. Second Lieutenant Arthur W. Moir graduates from Fort Benning associate officer course. Wedding details for Joan Felt and Mary Kelly noted, with family graduations and anniversaries celebrated. President Jude Frank P. Patterson’s death recalled amid habeas corpus hearings. Loveland couple celebrate 44th anniversary. Corbin family marks 16th anniversary and children’ birthdays observed. local ministers note enrollment trends.

Richard Carlson East Pleasant Street Fort Belvoir Officer ‘Training Corps Olean Midway Airport U. S. Army Arthur W Bhs) Moir West Bond Street Infantry School Fort Benning Mary Kelly Amsterdam Joan Felt J Mararet W. Belwin C. L. Warner Corry University of Pittsburgh Jay B. Erwin State Counseil For Jude Frank P. Patterson Allegheny County Common Pleas Court George Wing Corry Slayer F. M Jack) Loveland Leerey Corbin Corbin Uney

Vacations, war memories, and local notes from Corry

Local columns recount eight summer vacation Bible schools with 800 children and 198 volunteers, plus War era reflections on the Korean conflict. Rev. Galbreath moves to Harrisville, Clyde Dingfelder graduates in petroleum engineering, and Marlon Hallett departs for Peru before Polaroid jobs in Schenectady. Local civic updates include zoning hearings, school budget wrangling, and travel notes from Councilman Fehrman.

U. S P. A. Galbreath Cal Methodist Church Harrisville Butler County Oouny Galbreath Erie Stanford University Clyde Allen Dingfelder Will Dingfelder Corry A. D F. E. Work Concord Street Marlon Hallett Dickinson College Carlisle Peru la Pane Bolivia Common Pleas Egal Department Mira Louise Beerlein J. Hi. Beerlein Wright Street Indiana State Teachers College Willys Frm

Babson warns against hoarding land and urges balanced purchases

Babson argues land should be bought prudently not amassed by the rich. He notes trees grow daily, fires and debt as true threats, mortgages available for 20 years, and cautions against overconcentration of land holdings that may be divided or sold later.

Diversification and tax ideas for prudent investing

The article argues for inexpensive government actions and diversified investing across assets such as railroads, motors, steels, chemicals, and department stores. It cautions against overconcentration and notes even land rich in rents or crops can be risky, citing a European example of wealth and change.

U. S Poland

Fragmentary tale hints at wartime jewelry theft and escape

A fragmented narrative describes a woman who hides valuable jewelry, including diamonds, as Russians overrun Foland. She flees to the United States with this jewelry while advising diversification beyond stocks or bonds, citing land and art as safer assets amid the war.

Russlang Foland Wiese United States

Also Mentioned on This Page

National Production Authority Corry Summer School Winler High Maine Vermont Girard Franklin School of Science and Arts Betty Jeanne Anderson Chautauqua Lake Ohio River Marietta New York Chautauqua Zoning Board Emblem Oil Co Scott Emblem Ralph L. Kimmy U.S.N Philippine Sea Far East No. 1 Frank Kinley Erie Gil William Dyckes Earl Wilson WAG Sfc Janice Palmer New York City Hotel New Yorker George Mulderick East Washington Street Jess Warnken Equatorial Attica FORD Sin Coty Mountley Paymorle Powell Center Sr Babson ALL Sizes Emblem Oil Co. N. Center St. W. L. Armitage St. Ales Previa Clymer Sand and Gravel Co Clymer Rossbacher Insurance Service First Avenue Corry, Pa Fritz & Beagle Orth Center Street Vancise Keystone Station East South Strack Phar Macy Orchard Park Swift Guignom's Guignon Tetlay Barrow
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