Housing Boom For Low-Cost Field Forecast
Washington officials forecast a possible low cost housing boom if lenders accept the new FHA down payment floor. FHA faced a congressional probe over higher mortgage rates tied to the policy shift as the Eisenhower administration approved substantial down payment reductions. Government analysts warn risks include higher interest rates and lender availability, but officials hope more mortgage money could spark growth in a lagging housing sector.
MENTIONED IN THIS ARTICLE
Washington
Federal Housing Administration
Eisenhower
George S. Goodyear
National Assn. of
Home Builders
Treasury Dept. Budget Bureau
Federal Reserve Board
President's Council of Economic Advisers
Art Smuggling Ring Smashed in Rome Hideout
Rome police shattered a multi million dollar smuggling ring that ran a clandestine museum selling priceless antiques to wealthy Americans. They found 40,000 objects allegedly illicitly excavated in central Italy’s Etruscan region. Austrian antiquarian Franz Renn Rain is under surveillance but not jailed.
MENTIONED IN THIS ARTICLE
Rome
Its
Franz Renn-Rain
Italy
Unrest Grows Against Regime in Red China
Tokyo reports a Chinese minister of transportation implicated in an alleged armed revolt. Peiping radio named Chan Po Chun as a member of a revolutionary group operating in Hunan and Hupei provinces, said to be large and composed of landowners and ex convicts. The broadcast claimed rebels fed remote areas anti Communist propaganda. Chan, labeled rightist, is under pressure amid the Mao era Flowers campaign with other officials confessing errors in criticizing the regime.
MENTIONED IN THIS ARTICLE
Tokyo
Red China
Wnrest
China
Peiping
Peiping Radio
Chan Po Chun
Humnan
Hupei
Red
Revolutionary Organization
Chan Po Chan
Red Party
Mao Dse-tung
Mao
Protests over Soviet checkpoint halt of US convoy near Berlin
In Berlin, US commander protested after Soviet guards halted a US army convoy at a Russian checkpoint. The unit, en route from Berlin to West Germany maneuvers, was asked to reveal identification. Maj Harold J Ramsey informed Brig Gen Duncan, who ordered the convoy back to Berlin. Duncan called the Soviet move a violation of military practice as Khrushchev's East German visit loomed. Nearby, Khrushchev’s arrival events and a funeral in Vienna, Georgia for a statesman were noted.
MENTIONED IN THIS ARTICLE
Berlin
East Germany
Smaneuvers
West Germany
Harold J. Ramsey
East
Vienna
Gay
Walter F. George
George J. Duncan
Ihief
Nikita Khrushchev
East 1
Airliner Prop Kills Employee in Salt Lake City
A Western Airlines worker, Arthur Manning, 23, Salt Lake City, was killed early today after backing into a DC passenger airliner's spinning propeller. The Los Angeles bound Flight No. 763 was canceled as a spokesman noted Manning had just finished a battery power device test for "energizer" before the accident.
MENTIONED IN THIS ARTICLE
Salt Lake City
Western Air Lines
Western
Arthur Manning
Manning
Toilet Goods Sales Set Record in United States 1956
Boston report notes toilet goods sales reached 51.3 billion in 1956, up nearly 11 percent from 1955. Projected 1956 sales may top 1.5 billion. Increases last year included dentaries 10.5, cosmetics 14, shaving preparations 9, deodorants 20, and hair preparations 12.5.
MENTIONED IN THIS ARTICLE
Boston
United States
Tobacco losses from hail hit Ohio and Ontario fields
Hayward man Edward A Sruth attends SIMCOE Ontario as tobacco farmers estimate near 12 million pounds valued at about 5 million dollars destroyed by weekend hail. Storms damaged a 30 mile stretch from Cleveland to Tillsonburg, leaving 5000 workers displaced.
MENTIONED IN THIS ARTICLE
Simcoe
twin-Williams Co
Sun
Broadway
Oakland
New York Cab Driver Near Fortunate Find
Brooklyn taxi driver Harold Petrie found a bundle of $1,200 in his cab on July 24 and kept it aside as police held the unclaimed money. If unclaimed within 60 days it will go to the finder. Petrie noted no interest in the fortune, saying money or not, he is fine. The case ties to Carmine De Sapio, who denied knowledge of the bills after leaving his hotel.
MENTIONED IN THIS ARTICLE
New York
Patrick
Petria
Tammany
Carmine de Sapio
de Sapio
Biltmore
Death by own action feared for 1949 Mrs Cloyd
In San Diego police fear Mrs Frances Cloyd former Mrs America 1949 may have killed herself after despondence over supporting five children. Her mother reported a telegram saying life is not worth living. An APB followed as officers found an empty deserted home and the telegram had been sent to Western Union for delayed delivery.
MENTIONED IN THIS ARTICLE
San Diego
Frances Cloyd
America
Cloyd
Jonathon Becker
New York police launch all-out war on teen crime
Six hundred rookie officers armed with guns and nightsticks join the New York Police to combat rising juvenile crime. Cadets will be deployed from 8 p.m. to midnight in high-risk areas while 60 of 110 waiting gang workers are redeployed. Extra detectives patrol trouble spots as officials pursue liquor crackdowns on minors.
MENTIONED IN THIS ARTICLE
New York
Ims
Police Academy
Robert F. Wagner
William Peer
James R. Kennedy
Kennedy
Poultry Feed Adds Value With Molybdenum Boost
Dallas researchers report adding about an ounce of molybdenum to two million pounds of poultry feed could yield an extra eighteen thousand dollars in chicken at market time.
MENTIONED IN THIS ARTICLE
Dallas
Texas
Skeltons Return From Europe to Welcome Home
Red Skelton arrives in Hollywood with his wife Giorgia and children Richard and Valentina after a European trip marked by a leukemia scare for Richard. Fans greet them at the airport with banners while Red expresses prayerful resolve and reflects on life and his duties as a father amid questions about the boy’s prognosis.
MENTIONED IN THIS ARTICLE
Hollywood
Red Skelton
Skeltons
International
Red
Richard
Skelton
Giorgia
Valentina
London
Europe
Welk Show Squeezed Off TV Screens by Wide Strike
In Chicago and other cities 300 TV engineers walked out last night halting Welk show telecast on WBKB and other ABC outlets. The walkout by technicians from NABT cites contract disputes with WFIL and station transfers out of bargaining units. Welk improvised a live program for about 400 onsite attendees as shows failed to air.
MENTIONED IN THIS ARTICLE
Chicago
Lawrence Wek
American Broadcasting’ System
WBKB
San Franc
New York
Los Angeles
National Association of Broadcasting Cancers and Technicians
ABC
Hollywood
Philadelphia
WFIL
George W. ‘Smith
Sterling C. Qunlan
Farlier
Welk
Indonesia Buys Rice Weak Farm Output Declines
Indonesia reports overall agricultural production fell last year with only green crop and cassava showing gains. Rice output reached 7,300,000 metric tons, up 24 percent from 1955 but below the 1954 record.
MENTIONED IN THIS ARTICLE
Jakarta
Indonesia
Traffic Stop Turns Up Street Parade Obstruction
A Hartford traffic stop halted on a busy street as motorists remained quiet until the obstruction cleared. A mother and her six children drew attention as an unscheduled parade disrupted the thoroughfare.
MENTIONED IN THIS ARTICLE
Hartford
Conn
Ung
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Boise
Denver
Detroit
Eureka
Fort Worth
Fresno
Helena
Enw
Medford
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Minneapolis
New Orleans Ag
Sy Ecto
Paso Rables
Phoenix Portland
Red Bluff
Reno _ ee
Sacramento
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Eait Lake
Reanmenry
Santy Barbara
Stockton
Winnemucca
John Kasper
W. Pickers
Nashville
Tenn
Centennial Park
Kasper
Germany
George
Red Brick
First Baptist Church
L. C G.’ Cutts
Drom Micah
Ata Senhacendar
Asa Munegoenaees
Sen. George
The
Daily Review, Inc
Postoffice
Hayward
California
Act of Congress
FUSTA
P.O. Box
Daily Review
Sunveribtien Faten
Castro Street
Alameda County
Yiernt
Caster Valley
Castro Agence
Ohio
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Studebaker-Packard Ohne
Lehmann Motor Sales
Strent
Packard
Studebaker
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