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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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
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